Republican policy put the USA into peril using exactly the 'mind speak' within this editorial. If the Republicans actually believed in growth, they would never have allowed the citizens of this country to be abandoned in 2008, leaving no credit access to any consumer yet alone 'sincere small business' owners.
Republican need to try to reach beyond their handicaps and admit they don't know what to do for any economy including state economies. Just because Republicans don't know what to do doesn't mean doing nothing is the best idea. I have to admit, Republicans do make an interesting political strategy of incompetence.
A New Strategy for Economic Growth (click title to entry - thank you)
Growth is not just about economics. Growth unleashes human potential.
By KEVIN WARSH AND JEB BUSH
As the economy continues to struggle, we are reminded of a course offered at Yale University titled "Grand Strategy." Drawing on a weighty curriculum of history and philosophy, the course seeks to train future policy makers to tackle the complex challenges of statecraft in a comprehensive, systematic way. Clearly, U.S. economic policy is sorely lacking an effective grand strategy, and we are likely to endure high unemployment, weak economic performance and trying financial markets until such a strategy is articulated and pursued.
Policy makers should cease the barrage of ad hoc, short-term policy initiatives. Is increased federal spending across government agencies a grand strategy? How about checks in the mail to spur spending? Cash for clunkers to move auto inventories? Fast trains and faster Internet? Mortgage
Inducing consumers to do today what they would otherwise do tomorrow is hardly a grand strategy. Hundreds of billions in "stimulus" spending has stimulated little but more debt. Forty-eight months have passed since the onset of the financial crisis, 26 months since the recession technically ended. Yet job creation remains remarkably weak, and markets deeply uneasy.
We can't go on like this.
The debt-limit debate caused policy makers to recognize what citizens already knew: We must put our fiscal house in order. Cutting spending is essential. But we will never cut our way to prosperity.
So, what should be the economic grand strategy? In a word: growth....
