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Posts Tagged ‘Competititveness’
October 29th, 2012 at 2:53 pm
Required Pre-Election Day Reading: Obama’s Imperial Presidency
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Just in time for Election Day, House Majority Leader Eric Cantor has released a report entitled “The Imperial Presidency,” which serves as an exhaustive chronicle of all the ways in which President Obama has undermined — or outright ignored — the rule of law. It covers everything from regulatory overreach to ignoring the traditional “advise and consent” process to abusing the waiver process, and it’s well worth a read.

As we approach November 6, it’s important to remember that these offenses aren’t just abstract violations of the constitutional order — they’re also ingredients for economic decline. As Conn Carroll notes today in the Washington Examiner:

Conservatives are not the only ones who have documented Obama’s assault on the rule of law and its impact on the U.S. economy. Every year, the World Economic Forum issues a Global Competitiveness Report, ranking more than 100 countries on a number of key economic indicators. When Obama was sworn into office, the United States was ranked as the best country in the world to do business. After just four years under Obama, the U.S. has dropped to seventh. The report specifically cites the collapse in the rule of law in explaining this decline.

Before Obama was president, the U.S. ranked 40th in “favoritism in decisions of government officials.” Today, the U.S. ranks 59th, a fall of 19 places. Before Obama was president, the U.S. ranked 50th for lowest “burden of government regulation.” Today, the U.S. ranks 76th, a fall of 26 places. Before Obama was president, the U.S. ranked 28th in “transparency of government policy making.” Today, the U.S. ranks 56th, a fall of 28 places.

Care to venture a guess as to where those rankings would be after another four years of Obama?