supply-side economics is losing out to arguments rooted in economic fairness, even among elements of the Republican base. A decisive bipartisan majorityDemocrats and Republicanssupported a new entitlement program. This is often phrased as a lament, the notion being that the party has been hijacked by its progressive wing. But it would be a mistake to think that running on attractive economic agenda can, in itself, make the election about economics and disarm Trumps powerful appeals to white identity. And yet, in our century, the wealthiest Americans are increasingly making their money by investing their money. This creates a vicious cyclethe loss of economic opportunity contributing to social ills, and those social ills reinforcing economic decline and a hollowed-out middle class. And there is an urgent need to make work more dignified and humane today. And while it is impossible to explore a counterfactual with any real certainly, it is perhaps possible that different choices by the Clinton campaign could have captured the Electoral College, or that another Democratic candidate (Bernie Sanders, Joe Biden, etc.) could have won the race. This was a mistake. But the idea that the 2016 election shouldnt have been close at all which is at the heart of this idea is itself counterfactual. (I have laid out my views elsewhere on how Democrats should approach trade issues more broadly.) No doubt, there are places where the party and business are going to have some fights.
Essays for the Presidency - Foreign Affairs
That is, what if not just one party, but the American electorate as a whole is moving to embrace a more energized form of governmentone that tackles the excesses of the free market and takes on big, serious challenges through big, serious legislation instead. Corinne Roosevelt Robinson, Prominent Republican, Sister of Theodore Roosevelt. Democrats have a rare opportunity to set bold goals and meet them. Even so, the presidential election of 1920 continued the debate between the nationalistic activism of Roosevelt's presidency and the global idealism of Wilson's administration. There was a time and place for expressing caution on the sheer magnitude of spending in Bernies agenda, but it should not have been our core critique. So far, the work being done by potential 2020 candidates has been promising. This approach will both assure the ongoing vitality of middle class families and their children, and also provide new pathways for children of poverty to enter the middle class. They were engaged in what FDR called bold, persistent experimentation. According to the White House Council of Economic Advisors, the opioid crisis cost the.S. It turned out to be a 30-year tide, one that shifted the center of political gravity dramatically. Today, decades of laissez-faire antitrust policies have rendered concentration of corporate power as urgent a problem as ever.
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