According to the 2010 Index of Economic Freedom from the Heritage Foundation and the Wall Street Journal:
On a scale of 1 to 100, of the world’s 20 largest economies, the U. S. had the largest drop from its previous ranking; from 80.7 to 78. Canada, Australia, New Zealand, Switzerland, Ireland, Hong Kong and Singapore are higher.
This means, in economic and bureaucratic terms, there is much improvement we can make to eliminate business red tape and restrictions. Unfortunately, in the past year, we have been heading away even more from free economic principles.
This, at a time when we desperately need to formulate new private industry jobs.
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