Monday, April 9, 2012

The Bush Institute Hosts Tax Policies for 4% Growth?

Brad DeLong isn’t likely going to waste him time on anything from James Glassman and Kevin Hassett but the mere title of this makes me chuckle:

The 4% Growth Project was launched by the Bush Institute in 2011 with the goal of achieving sustainable and real GDP growth of four percent, an attainable level that will ensure Americans of better jobs, lower debt, and vastly increased opportunity and prosperity. Through this conference and other events, the 4% Growth Project will identify changes in government policy and business practices that will produce higher growth and advocate those changes to policy makers and the public. The aim of this conference, as well, is to change the economic conversation in America so that it focuses on growth and what causes it.

With speakers such as Steve Forbes, Paul Gigot, Paul Ryan, Amity Shlaes, John Stossel, and Lawrence Kudlow – I’m not wasting my time either. But let’s recall how well the economy grew during the Administration of George W. Bush over its first seven years (with 2008 being the advent of the Great Recession) – an average annual growth rate less than 2.4%. Now we did have this crowd in power from 1981 to 1992 when the economy grew at an amazing 3% per year. I guess they believe the third time will be the charm?


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