The Winston Group’s David Winston in Roll Call on the four key challenges facing Republicans in the Senate and the need to focus on dynamic growth policies.
With the country floundering under the weight of a $36 trillion debt, Congress seems mired in a monumental clash of economic viewpoints, and I’m not talking about the usual R versus D clash of economic theories. It seems Hill Republicans have returned to a slightly modified debate between the supply siders and the fiscal hawks of decades ago that dramatically changed the economic direction of the country.
After four years of sky-high inflation and interest rates under Jimmy Carter and the clear failure of Keynesian policies, President Ronald Reagan’s supply siders led a remarkable economic comeback. His policies generated four straight quarters of 8 percent growth or higher and led to the “Morning in America” election in 1984, when Reagan carried 49 states.The lesson learned? Congressional Republicans need to limit government’s role in the economy by focusing on dynamic growth policies.
Read the full piece here.
