Why is Restoring Growth Controversial?

krugmanFrom Newsbusters,

“Several conservative economic thinkers recently formed the Committee to Unleash American Prosperity in an effort to persuade aspiring presidents to focus on ‘the paramount challenge facing our country: slow growth and stagnant incomes.’

CNBC senior contributor and economist Larry Kudlow, former Reagan adviser and supply-side economist Arthur Laffer and Heritage Foundation chief economist Stephen Moore joined forces in the pages of Investor’s Business Daily to explain their mission. Chairman and Editor-in-Chief of Forbes Media Steve Forbes is also on the committee according to Kudlow.

The committee recently sponsored an event with GOP contenders that included Wisconsin Gov. Scott Walker.

‘Faster growth isn’t just needed to raise the living standards of Americans. It also would make America stronger abroad in an increasingly turbulent world,’ Kudlow, Laffer and Moore wrote in the op-ed.

Kudlow, Laffer and Moore pointed out that their goals were criticized by some people on the right, the left and by media figures like Paul Krugman of The New York Times.

Photo Credit: “Paul Krugman BBF 2010 Shankbone” by David Shankbone – Shankbone. Licensed under CC BY 3.0 via Commons

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