LOSING OUT BIG TIME -- IBD Editorial

Trade: The U.S. prides itself on its open economy and free markets. But a closer look at the data suggests backsliding on major competitiveness indicators. If it's not reversed soon, there will be no hiding the decline.

Tuesday, Cato Institute economist Daniel Griswold took issue with U.S. Trade Representative Ron Kirk's congratulatory claim that the U.S. is "the most open market in the world."

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