Tags: economy | income | stagnation | growth | private sector

GOP, Dems Rethink Talking Points on Economy

By    |   Tuesday, 30 Dec 2014 02:17 PM

Reframing their talking points in advance of a new political season, both Democrats and Republicans are devising how they'll discuss income stagnation and the middle class amid hopes for stronger economic recovery, The New York Times reports.

Both parties and candidates have wish lists and strategies that they think could stimulate growth and help those who continue to struggle.

But each side acknowledges that broad improvements won't come quickly, even as most agree that the nation has recovered economically after financial upsets and the Great Recession of 2007-09, the Times said.

"I don’t think there are long passes," said Robert Reischauer, a former Congressional Budget Office director, told the Times. "We’re in a ground game that will take many years."

The way forward for Democrats, the Times noted, means "boosting economic growth represents only part of the solution. Another part is countering economic trends that have most benefited the highest-earning families."

Conversely, "the Republican debate consists largely of getting government out of the way," the Times said, citing ideas from policy experts on everything from energy policy and tax overhauls to asking companies to offer workers incentives tied to productivity.

MSNBC said that the economic rhetoric changes hit the GOP the hardest, after they had used past failures of the Obama administration to hammer their positions home.

With unemployment falling, growth rising, and gas prices energizing consumers, 2015 may force Republicans to rethink strategy, MSNBC added.

Some conservatives, however, say turning away from government and looking toward private sector reforms is the way ahead for more economic recovery, the Washington Times noted in a commentary by Heritage Foundation chief economist Stephen Moore.

"This isn’t a story of government-directed growth, but the opposite — Washington's role in the economy starting to shrink after years of Obama administration activism," Moore wrote. "The private sector is starting to take over."

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Reframing their talking points in advance of a new political season, both Democrats and Republicans are devising how they'll discuss income stagnation and the middle class amid hopes for stronger economic recovery, The New York Times reports.
economy, income, stagnation, growth, private sector
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2014-17-30
Tuesday, 30 Dec 2014 02:17 PM
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