Graham

The line in the star spangled banner, "The Land of the Free and the Home of the Brave,"
might have to undergo a slight to change to the land of the “almost free.”



The latest index of economic freedom shows America falling fast, being ranked for the first time as “mostly free.” We’ve fallen behind Canada, and with recent developments, its look out below.



Uncertainties caused by ongoing regulatory changes and politically influenced stimulus spending have discouraged entrepreneurship and job creation, slowing the free-market recovery. Tax rates are increasingly uncompetitive and massive stimulus spending is creating unprecedented deficits. Bailouts of the financial system and automotive firms have generated concerns over property rights.



The bottom line is the accelerating descent into a command-and-control economy with the government pulling the strings has taken its toll. I understand that unprecedented times call for bold actions, but now its time to plan for the future. The only way for us to get back on track is to reduce deficit spending and create incentives small businesses, not impose additional taxes on Americans.



This is a very scary time. I’m just a technical analyst but its clear to me we are headed in the wrong direction. I see a 9-12% correction as a direct result of these flawed policies. You don't even need to know the details to realize the path we are headed on is damaging the recovery and Americans aren't optimistic about the steps being taken.

Scott Redler

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