Policy Points

17.10.2012 Policy Points No Comments

A Not-So-Subtle Tax Message

Courtesy of Edward Mangano, the county executive of Nassau County, New York, where John Quinterno of South by North Strategies was raised.

16.10.2012 Policy Points No Comments

Around The Dial – October 16, 2012

Economic policy reports, blog postings, and media stories of interest:

Chrystia Freeland foresees “the self-destruction of the 1 percent.”
The New York Times profiles economist Glenn Hubbard.
The News & Observer reports on economic development policy.
Dean Baker discusses the applicability of deficit spending.

16.10.2012 Policy Points No Comments

Not Like A Business

Jordan Weissmann of The Atlantic explains “why conservatives don’t really want the U.S. to run like a business.”

Think, for a moment, about what corporations are. They exist to make a return for shareholders and are generally managed from the top down. Every few months, a CEO has to ask themselves: “Are my investors richer than they were four quarters ago?” If the answer is yes, chances are they’ve done their job. If the answer is no, it’s their obligation to cut costs and boost revenue. Once the boss comes up with a strategy for making it happen, it’s everybody else’s task to implement it.
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Upshot: They’re dictatorships that turn a profit.
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This is not how most people envision the United States, thankfully, and especially not conservatives. We’re a messy democracy that leaves much in our economy up to chance (or, if you prefer, the market). There’s no official growth target for the economy. The Federal Reserve can set all the employment benchmarks it wants, and nobody else is required to play along. Congress can tell the president to take his jobs plan and shove it. Corporations can take tax cuts designed to spur hiring and spend them on fat dividend checks for shareholders instead.