Recent Blog Posts
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SBA Runs Out of Gas
Nov 23 20094:17 pm EDT -
The Bill That Wouldn’t Die
Nov 21 20099:30 pm EDT -
Republicans Talk Turkey on Health Care
Nov 20 20093:54 pm EDT -
Contracts Stolen From Veterans
Nov 19 20093:57 pm EDT -
Main Street's Credit Crunch
Nov 18 20095:41 pm EDT -
Criminalizing Failure
Nov 17 20095:55 pm EDT -
Casablanca on the Potomac
Nov 16 20095:22 pm EDT -
So Big It Will Fail?
Nov 10 20093:02 pm EDT -
Health Care’s ‘Wild West’
Nov 09 20093:57 pm EDT -
Obama's Secret Jobs Plan
Nov 06 20093:13 pm EDT
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When will the candidates talk growth?
The economy is slowing down. The stock market is looking shakier after a huge run up. Oil prices are climbing. The housing and subprime markets are a mess. Do you hear any of the candidates talking about these things? If the word growth came up in the Democratic You Tube debate, I didn't hear it. Democrats need to talk about growth if they want to keep their mojo going. It's not enough just to talk about Iraq or health care even though they're both vital issues. Democrats who have won have had pro growth agendas. If you look back at the 1992 campaign, Bill Clinton had a set of plans to get the economy moving. A lot of them went nowhere--the middle class tax cut, the Robert Reichian idea of having companies of a certain size be mandated to set aside funds for worker retraining. Those got scuttled when he took office and his modest "stimulus package" went down to defeat. Eventually the modest recovery that began at the end of the first Bush administration was goosed along by Rubinomics--bringing down the deficit substantially with a tax hike and restraining spending plus a market-assuring emphasis on open trade. That all worked then and it may not be what's needed now. I don't know what is. But growth is not a given. At some point all the Democrats--more so than the Republicans who have a Pavlovian reflex about tax cuts, tort reform, and spending discipline--need to lay out what they want.






