Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Will Dems''New Normal' Kill The American Dream?
IBD Editorials ^ | July 27, 2011 | GARY SHAPIRO

Posted on 07/27/2011 4:22:16 PM PDT by Kaslin

There's a burgeoning theme in Washington these days. Although not publicly stated before the cameras, the power brokers whisper it among themselves. But before too long — perhaps in the next six months as the presidential campaign heats up — we'll all recognize it when we hear it.

It's called the "new normal."

This odious phrase characterizes a growing belief among politicians, economists and pundits that the United States is entering its twilight years of economic prosperity.

Gone are the days of 4% unemployment. Gone too are the days of 4% to 5% annual GDP growth. And with them will go the energy, passion and American grit that built the greatest, most innovative wealth-producing economy the world has ever seen.

In their place, we'll be told to accept what the imperialists of yesteryear knew as "managed decline." The strategy goes something like this:

Because the U.S. will no longer be a fast-growing economic superpower, then we must stop trying to act like one. Pro-growth policies, like low taxes and free trade, and a culture, founded on immigration and entrepreneurialism, that attracts the world's best and brightest are dead ends, because they come at the expense of expanding the social safety net Americans truly want.

Instead, Washington's job is to make life as comfortable and as risk-free for as many Americans as possible. In other words, we shift from a nation focused on creating equal opportunity to one "spreading the wealth around."

(Excerpt) Read more at investors.com ...


TOPICS: Business/Economy; Editorial; Government
KEYWORDS: debt; new; normal; obamanomics
Navigation: use the links below to view more comments.
first previous 1-2021 last
To: OrangeHoof

When we had 4.6 unemployment , Nancy Pelosi decried the “worst economy since Herbert Hoover”. What is it now at 9.2? The best thing since sliced bread?

Nothing like lowering expectations to make failure look acceptable.

Obama could wrap his turds in tinfoil and fishhooks and the presstitutes would sell it as jewelery at Sothebys auctions.


21 posted on 10/13/2011 6:47:16 AM PDT by WOBBLY BOB (See ya later, debt inflator ! Gone in 4 (2012))
[ Post Reply | Private Reply | To 10 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson