Monday, January 28, 2008

How Republican presidential candidates should be addressing the economy

The editors of National Review say how they would have answered a question from last Thursday night's debate:

“Tim, the economy we Republicans inherited was not sustainable. A stock-market bubble had driven unemployment temporarily down, and revenues temporarily up. That couldn’t last. In the 1990s we were not paying attention to security threats. We paid the price in lives lost — and also in a major and lasting shock to our economy. In the ‘90s we were blessed, through no action of our government, with low oil prices too. There was no guarantee that would last, either.

“So when Republicans took office we faced serious new challenges. And we have acted. Thanks to our tax cuts, homeownership is up, consumer net worth is up, and average hourly earnings are up. The deficit has been going down. Real interest rates are lower than they were even in the ‘90s. More of our people are going to school now than in the ‘90s.

“I am going to keep taxes and spending as low as we responsibly can so that our economy continues to enjoy long-term growth. I have outlined reforms that will help people pay less for health care and keep more of their paychecks. Neither I nor anyone else on this stage can control the economy. We can’t set the price of oil. But we can do a lot to keep the economy as strong as it can be, even when there are shocks. And if the Democrats want to raise taxes or nationalize health care, I’ll be there to stop them.

“And I hope my friends on this stage would say the same thing.”


I like it. Though I find nothing wrong with the candidates also stressing their own records and votes.