Color me cranky about this week’s Republican presidential debate in Iowa. The headline stories were about whether Newt Gingrich actually lobbied for Freddie Mac, or why Mitt Romney changed his positions on gay rights, guns, and abortion. But a GOP growth message to defeat President Obama was completely missing in this debate. It was a supply-side whiff.
This election is principally about the economy and its poor performance. It’s about the slow rate of growth, the high rate of unemployment, and the tax, regulatory, spending, and monetary obstacles conjured up by Obama that are holding back the animal spirits which are so essential to job creation and prosperity.
Risk-taking is virtually absent today. Business profits are strong, but firms won’t make commitments in front of Obamacare, regulations, mandates, and tax threats. The president is on the campaign trail with a leftist, class-warfare message. He blames successful entrepreneurs for their wealth, and slurs high-powered businesses at every turn. His is a big-government planning vision, an FDR-like vision.
But where was the GOP response in Sioux City, Iowa?
Read my full column here.