At long last, the center of economic thinking in the United States has shifted, and we can declare with confidence and relief that the conservative era is over. It is now possible to build an economy with widely shared prosperity.
The bundle of approaches favored by supply-siders from Ronald Reagan to George W. Bush, and embraced by candidate John McCain — featuring tax cuts for corporations and the rich; deregulation of business and financial activity; weak environmental, consumer and workplace protections; and unrestrained globalization — has been soundly rejected by voters, who overwhelmingly identified the economy as their single most important issue. continue reading

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