Anyone who feels like the American Dream is dead can now cite solid evidence of its abrupt end.
It seems that eight years of life under Comrade Obama was not only difficult economically, but was fiscally difficult for most American families because his administration had done so much to restrict economic freedom – until his time, a basic tenet of American life, and essential to fostering a vibrant economy in the middle and working classes.
A new set of rankings released by the Heritage Foundation in its 2017 ‘Index of Economic Freedom’ revealed that the United States has been on a continual decline over the past decade, and especially since the 2008 economic crisis. Slipping down to 17th among 180 countries, and losing ground yet again, the country that so often celebrates its shining liberty is considered to be only ‘mostly free.’
A wave of unprecedented government intervention cut deeply into both freedom and prosperity for millions upon millions of Americans; the reliance upon Federal Reserve QE programs to stimulate the economy has killed businesses, and made other reliant upon government ties to make profits (mainly at the top).
This post was published at shtfplan on February 15th, 2017.