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The West’s Economic Malaise



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From my most recent NRO article, on the failure of U.S. political elites on the economy: “The people are doing what the government should be doing: reducing debt and spending less. The traditional resolution to such a public-policy discordance between the voters and elected officeholders is to throw the bums out, as was done in the Republican congressional victory of 1994, the Democratic “thumpin’” of the Republicans in 2006 and 2008, and the Republican “shellacking” of the Democrats in 2010. But this time-honored mechanism has stalled, as neither party shows much aptitude for grasping the nettles.”

 

Whether you agree or disagree, your comments are, as always, most welcome.



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