Third Way Perspectives
Archive for February, 2013
February 20th, 2013
This piece was originally featured on Reuters.
More than 25 years ago, Representative Jack Kemp told me, “In the past, the left had a thesis: spending, redistribution of wealth and deficits. Republicans were the antithesis: spending is bad.”
He went on to explain, “Ronald Reagan represented a breakthrough for our party. We could talk about lower taxes and more growth. We didn’t have to spend all our time preaching austerity and spending cuts. The question now is: Do we take our thesis and move it further, or do we revert to an anti-spending party?”
We now have the answer. Republicans have reverted to an anti-spending party. Their latest cause? Austerity. Their argument? A shrinking economy is better than big government.
President Barack Obama tried to call the Republicans’ bluff in his State of the Union Address. “Deficit reduction alone is not an economic plan,” the president said. He didn’t come out against deficit reduction. He said it should not be given a higher priority than economic growth. There are many reasons why it is important to reduce the national debt. Short-term economic growth is not one of them.
February 20th, 2013
This piece was originally published in U.S. News & World Report.
In his most recent State of the Union, President Obama touted the fact that American companies like Apple, Ford, and Intel are bringing manufacturing operations back to the United States. This key trend will support good American jobs—while strengthening the manufacturing and innovation ecosystem that’s a vital source of America’s global competitiveness.
Where things are “made” is crucial. But as America pursues important new trade deals in Asia and Europe, it’s also critical that we secure more “value” from our trade.
The iPhone in my pocket was “made” in China. When it was imported into the United States, it was treated by U.S. Customs as a 100 percent Chinese product, and it added somewhere around $230 to America’s $315 billion trade deficit with China.
February 15th, 2013
By W. L. Leow
In some circles in Washington, DC, the future of electric vehicles (EV) has become as hot a topic as sequestration or immigration reform. Some skeptical journalists and policymakers are rushing to declare the entire electric vehicle sector a mistake or failure at the first sign of difficulties. Their rhetoric is cogent, writing lucid, and numbers seem compelling. At first glance, the fact that Americans bought just 71,000 plug-in hybrids or all-electric vehicles in the past two years might make the EV look like a failure. The emergence of EVs, however, needs to be viewed from the framework of technology adoption and diffusion, rather than raw numbers or road trips, to tell the true story.