No More Talking Points – It’s Time for Economic Freedom

Anthony B. Kim /

Last week, Secretary of Commerce Gary Locke delivered a speech at the National Press Club titled “Back to Basics: A Blueprint for Exports-Driven Job Growth,” and remarked that “[President Obama’s National Export Initiative] will correct an economic blind spot that has allowed other countries to chip away at America’s international competitiveness.” The secretary also stated that “The United States is the most open major economy in the world…And that’s not going to change!”

Well, unfortunately, “empirical reality” tells us a different story. According to the 2010 Index of Economic Freedom, a data-driven study by The Heritage Foundation and The Wall Street Journal, the U.S. economy has fallen from the top tier “free” category. Recent years’ economic policies have dramatically accelerated this decadency. Falling behind Canada, the United States is now a “mostly free” economy.