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Growth is the Goal

February 13, 2013 by Matthew Denhart

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.


Author

Matthew Denhart
Matthew Denhart

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. 

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