The economic engine on which we are currently operating is like an auto engine that has been tuned up after a 90,000 mile inspection. Sure, it will last more miles, but don’t plan a long road trip with this buggy.
You need a new engine, one that is more suitable for the economic conditions confronting the nation in a global context. Sustainability is a watchword.
“President Obama's reelection message is that America is making an economic comeback.
And the facts back him up. The country is richer now that it was before the financial crisis, or than it's been at any other point in its history.
But the key to his message working is that, in November, it feels like we're coming back. And a lot of that will have to do with the distribution of growth this year. It's easy to imagine 2012 beating 2011's 1.7 percent growth, but if that growth comes mostly in the first two quarters, and the economy slows a bit in the back half of the year -- perhaps due to a summer spike in gas prices -- it will be bad news for Obama. Conversely, if the second quarter is a bit slower, but the economy accelerates in the third and fourth quarters, it will be very good news for Obama.”