In calling for 4 percent growth, Donald Trump hit a home run.
He has the right instincts. If he follows them he can turn this home run into a grand slam.
When Jeb Bush declared his candidacy, he did it in a speech demanding no less than 4 percent growth:
Growth above all. A growing economy, whether here in Detroit or throughout this country is the difference between poverty and prosperity for millions. If you want to close the opportunity gap, grow the economy. This is a principle that concentrates the mind.
If a law or a rule doesn’t contribute to growth, why do it? If a law subtracts from growth, why are we discussing it? And for what it’s worth, I don’t think the US should settle for anything less than 4% growth a year – which is about twice our current average. At that rate, the middle class will thrive again.
I applauded Bush’s declaration at the time in Forbes.com. But Governor Bush never provided the credible plan to get there which he also promised. He soon drifted off to other issues… and drifted down in the polls. Trump focused in on a commitment to job creation and making us rich again, and he rode this pledge to the nomination.
Trump now has unveiled such a plan. His commitment to 4 percent is highly credible. There are credible components in his proposed tax rate cuts and in peeling back oppressive and pointless federal regulations that stifle economic growth. Continue Reading