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U.S. has dropped from 6th to 12th in economic freedom since 2008

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, Rare All-Star

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According to a new report by the Heritage Foundation and the Wall Street Journal, the U.S. has slipped to position number 12 in the economic freedom index. The United States was sixth when President Obama began his first term.

The index, Herman Cain notes, takes into account “Rule of law, regulations, limited government, open markets, debt.”

Cain also critiqued the President’s “I have a pen, I have a phone” attitude towards policy making, particularly when policies aren’t working.

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Herman Cain is a businessman and former Republican presidential candidate. Follow him on @THEHermanCain

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