America’s Economic Freedom Ranking Nosedives to No. 18 in the World Due to Obama’s Policies

Canada has taken its place among the Top 5 countries with the most economic freedom, according to a new Fraser Institute report — now leaps and bounds ahead of the United States thanks to the gradual shrinking of the Canadian government since the mid-1990s as America’s just got bigger.

The annual Economic Freedom of the World report, released Tuesday, has Canada tied in fifth place with Australia — up one spot from last year. Hong Kong remains at the top, Singapore’s next, then New Zealand.

Meanwhile, the United States, once a “standard bearer” of economic liberty among industrial nations, spiralled 10 spots from the 2011 rankings to 18th place — its lowest position ever, and a huge drop from its second place spot in 2000.

And as the size of Canada’s government continues to slightly shrink due to slowed growth in government spending post-recession and America’s continues to expand, this indicator could eventually make us the industrialized world’s new leader on economic freedom, said Fraser Institute president Niels Veldhuis.

“What we have in front of us is a marked opportunity,” he said. “We can significantly exceed the U.S. in economic freedom over the course of, I would say, the next five to 10 years. The question for Canadians is are we going to seize the opportunity or are we going to let the opportunity go by?’’

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  • CaptTurbo

    We just need to send the usurping impostor packing and then we can return to our freedoms. If we fail to do this we will have lost our Republic.

  • Joe1938

    The dogs who are responsible for the dire condition of our Republic have wiggled their way into all aspects of our economic and political systems. A huge machine made up of socialist/communist/marxist/islamofascist is the driving force behind this phenomena and this machine has had its retarded puppet in the Whitehouse dancing to their strings for almost 4 years. This coming November. we have one last chance this to fire the clowns in DC and maybe prevent our Republic’s tumble into the dustbowl of history with all the other great nations and civilizations that had their turn a greatness.