Jack Welch appeared Wednesday morning on CNBC's "Squawk Box" with a strong growth message. Discussing what America needs in the...
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.
