January 12, 2015

WHICH IS WHY THIS IS JEB'S TIME:

Both parties agree: Economic mobility will be a defining theme of 2016 campaign (Philip Rucker and Dan Balz, January 11, 2015, Washington Post)

Presidential hopefuls in both parties agree on at least one thing: Economic mobility, and the feeling of many Americans that they are being shut out from the nation's prosperity, will be a defining theme of the 2016 campaign.

Former Florida governor Jeb Bush last week became the latest Republican to signal a readiness to engage Democrats on what historically has been their turf, putting issues of middle-class wage stagnation, poverty and shared prosperity at the forefront of their political messages. [...]

Launching his new political action committee, Right to Rise, Jeb Bush asserted last week in the PAC's mission statement that President Obama's tenure has been "pretty good" for those at the top of the income scale but a "lost decade" for everyone else.

"Millions of our fellow citizens across the broad middle class feel as if the American Dream is now out of their reach; that our politics are petty and broken; that opportunities are elusive; and that the playing field is no longer fair or level," Bush wrote. "Too many of the poor have lost hope that a path to a better life is within their grasp."

Bush's focus adds an unexpected element to the coming debate and puts pressure on the entire field, himself included, to come forward with fresh policies that address the nation's core economic problems.

The Third Way solutions embraced by Bill Clinton and George W. Bush as presidents and by Jeb as governor are populist to their core.  SS retirement accounts, education vouchers, housing vouchers, welfare-to-work, universal HSAs, O'Neill accounts, etc. are all just means of transferring wealth to the lower and middle classes, but investing it in ways that will enrich them and their decendants permanently.

As the economy continues its re-orientation from jobs to profits, the Third Way lets everyone share in those profits.

Posted by at January 12, 2015 3:18 PM
  

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