Forbes Media Chairman Steve Forbes that voters in the presidential election this fall fully realize the national economy is in critical condition.
And to save it, we may just have to look back to the future: to the presidency of Ronald Reagan.
“The economy is not doing well, around the world is not doing well, and so far they’ve been oblivious to it trying to appease the (Bernie) Sanders people who still think it’s 1932,” Forbes told
Fox Business Network.
The former two-time Republican presidential candidate thinks the most important policy that will drive economic growth is tax reform and says what will resonate among voters is a “Reagan-esque optimism.”
“They [voters] know the situation is not good and want something positive. So far, they haven't had it yet, certainly not from the Democrats,” said Forbes, chairman and editor-in-chief of Forbes Media.
“We been dead in the water for a while in terms of earnings,” Forbes said, explaining that corporate earnings and revenues have been stagnant for the past year and a half.
Forbes also harshly criticized Senator Elizabeth Warren, who said corporate profits are at an all-time high despite wealth in America not trickling down to working families in her keynote DNC speech earlier this week.
Warren also bashed Donald Trump. “Donald Trump has no real plans for jobs, for college kids, for seniors, no plans to make anything great for anyone except rich guys like Donald Trump,” Warren said.
“These people are dealing in clichés of the past and not the current situation,” Forbes said. “Wall Street is laying off people right now.”
Forbes said Hillary Clinton intends to expand on many of the regulations that can be held accountable for the lack of economic growth for businesses.
Meanwhile, Reagan's own son defended Trump's speech at the Republican National Convention.
Trump did not make a "dark" speech, as many pundits have claimed, because he "basically hit all the buttons of all the problems that we face today in America," political commentator Michael Reagan told
Newsmax TV.
"He also, in doing that, hit all of the groups that all these government programs have in fact failed to do anything for," Reagan," Reagan told "The Hard Line" host Ed Berliner in an interview.
"If they consider that dark, it's only dark because the national media refuses to in fact go out and tell these groups of people the failures of government in their lives, even though they promised them everything but the moon.
"That's why they probably think that what Donald Trump did last night was dark," he said.
"What Donald Trump needs to do now is convince people outside of Cleveland, outside of that convention that he in fact can solve the problems he discussed in his speech."
(Newsmax wire services contributed to this report).
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