Tuesday, June 26, 2012

A proven formula to spur economic growth

Wall Street Journal International

Alan Blinder: Stimulus Isn't a Dirty Word

Legions of construction workers remain unemployed while we drive our cars over pothole-laden roads. Does this make sense?

So let's see. If we are serious about an evidence-based program that spurs growth and improves the lots of average Americans, we should want a near-term jobs program, long-term deficit reduction, more spending on infrastructure, improvements in education, and a tax reform that clears out loopholes, returns to the 39.6% top rate, and protects the middle class.

Which candidate does that remind you of?

Mr. Blinder, a professor of economics and public affairs at Princeton University, is a former vice chairman of the Federal Reserve. 

Read it at The Wall Street Journal:

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