Washington Examiner
Editorial
Every year that Barack Obama has occupied the Oval Office, the United States has fallen lower in the Economic Index of Freedom compiled annually by the Heritage Foundation and the Wall Street Journal. America was fifth in the ranking in 2008 (surpassed only by Hong Kong, Singapore, Ireland and Australia), then dropped to sixth in 2009, eighth in 2010, ninth last year, and now 10th. The index measures, according to its authors, 10 categories of economic freedom: labor, business, trade, fiscal responsibility, government spending, monetary policy, investment, financial regulation, property rights, and absence of corruption. Scores in these categories are averaged to create an overall score for each of all 184 nations.
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