Biden’s economy drags US to all-time low in Heritage freedom index rating

The Biden Administration is a disaster……. for us.

Biden’s economy drags US to all-time low in Heritage freedom index rating

The report ‘paints a disturbing picture, both at home and abroad,’ according to Heritage President Kevin Roberts

By Fox News, February 14, 2022

The U.S. economy under President Biden plunged to an all-time low, according to the Heritage Foundation’s annual Index of Economic Freedom.

Story continues below advertisement

“This year’s Index of Economic Freedom paints a disturbing picture, both at home and abroad,” Heritage President Kevin Roberts said of the report. “The decline of American economic freedom is serious cause for alarm and has real and tangible consequences for all Americans, especially low-income families and the working class.”

The report determined the U.S. fell 2.7 points from the 2021 Index of Economic Freedom to a record-low score of 72.1, according to the data released Monday. The U.S. also fell to its lowest ranking globally, from the 20th spot in last year’s rating to 25th in 2022.

The index, launched in 1995, evaluates countries on rule of law, government size, regulatory efficiency and open markets, while also examining specific categories such as property rights, judicial effectiveness, government integrity and tax burden.

Americans are currently dealing with 40-year highs in inflation, with the consumer price index rising 7.5% in January of this year compared to the same month in 2021. Biden’s first year in office also saw a supply-chain crisis, U.S. consumer confidence plunging to an 11-year low, industries rocked by vaccine and mask mandates and the U.S. national debt notching a new record when it surpassed $30 trillion.

“Since early 2020, when the Chinese Communist Party unleashed the COVID-19 pandemic on the world, we have dealt with one of the greatest political, social and economic upheavals of the past century,” Roberts said.

“The lives and livelihoods of hundreds of millions of people have been deeply disrupted, not just by the virus, but especially by draconian lockdowns, intrusive public health mandates and restrictions on commerce and trade. Trillions of dollars in new federal spending have further weakened our economy and caused a historic spike in inflation.”

 

 

The Truth Must be Told

Your contribution supports independent journalism

Please take a moment to consider this. Now, more than ever, people are reading Geller Report for news they won't get anywhere else. But advertising revenues have all but disappeared. Google Adsense is the online advertising monopoly and they have banned us. Social media giants like Facebook and Twitter have blocked and shadow-banned our accounts. But we won't put up a paywall. Because never has the free world needed independent journalism more.

Everyone who reads our reporting knows the Geller Report covers the news the media won't. We cannot do our ground-breaking report without your support. We must continue to report on the global jihad and the left's war on freedom. Our readers’ contributions make that possible.

Geller Report's independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe our work is critical in the fight for freedom and because it is your fight, too.

Please contribute here.

or

Make a monthly commitment to support The Geller Report – choose the option that suits you best.

• $25.00 here
• $50.00 here
• $75.00 here
• $100.00 here
• $250.00 here