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Jack Welch appeared Wednesday morning on CNBC's "Squawk Box" with a strong growth message. Discussing what America needs in the next four years, and what the presidential candidates should be discussing, Welch said:
Growth will be the answer and talk about growth every day. Put every regulation through a growth filter. Does this create growth or does this stifle growth? Make energy an important part of this nation. Energy is what will bring back manufacturing jobs.
This echoes what we've been saying at the 4% Growth Project all year, and what Jim Glassman — Bush Institute executive director — has been writing about. In an article for Forbes.com, Glassman had this advice for policymakers:
It’s really not so complicated: To go from 2 percent growth to 4 percent and from 8 percent unemployment to 5 percent, we need to make growth the goal. In this crisis, every policy – current and proposed — gets evaluated by a single standard: does it contribute to getting to 4 percent growth? If not, kill it. If so, do it!
This is so important that Glassman reiterated the same theme in a second recent Forbes.com piece:
[G]rowth must be the focus of all economic policy. Growth lowers unemployment, lowers deficits and debt, raises opportunity. Every policy change should be judged by the question, “Does it increase growth?” If not, forget it.
Growth really is the way forward. We're pleased to see others recognizing its importance, but it needs to become the key theme focusing economic policy.
Matthew Denhart is an expert on immigration policy and is the author of the Bush Institute’s America's Advantage: A Handbook of Vital Immigration and Economic Growth Statistics, now in its third edition. He currently serves as executive director of the Calvin Coolidge Presidential Foundation and is a founder of the Coolidge Scholars Program which provides full-ride merit scholarships to America's most promising college students. A summa cum laude graduate of Ohio University, Denhart has written and spoken widely on a variety of policy topics including the economics of higher education, labor, and taxes. He has contributed articles to numerous national publications including The Wall Street Journal, Forbes.com, CNN Opinion, and Bloomberg View.Full Bio
TARIFF-IED: Trade Talk with Matthew Rooney
This week, trade relations between the U.S. and India are continuing to escalate. Earlier this month, the U.S. stopped granting India special trade privileges by taking away the Generalized System of Preferences (GSP) program, and India has responded by enforcing more tariffs of its own. The George W. Bush-SMU Economic Growth Initiative Director Matthew Rooney breaks down the trade conflict: For more information on trade groups and the global economy, visit www.bushcenter.org/scorecard.
How Trade Spreads Holiday Cheer
It is projected that the average American household will spend more than $1,000 during the holidays this year.
Deporting Salvadorans May Lead to Economic Decline
We should think carefully about a policy whose major impacts are likely to be reductions in employment and economic activity here at home, and increased instability and lawlessness along our borders.
Bush Institute's Laura Collins Talks Immigration on Good Morning Texas
Last week, Deputy Director of Economic Growth at the George. W. Bush Institute Laura Collins spoke with Good Morning Texas about immigration myths. During the interview, Collins had the opportunity to set the record straight and address common misconceptions about legal immigrants living in America today. The segment was inspired from facts released earlier this fall by the Bush Institute in the third edition of America's Advantage: A Handbook on Immigration and Economic Growth. Watch the full Good Morning Texas interview here.