PES Manifesto

Yourspace goes to the States: it's still the economy stupid!

Published Tuesday, February 5, 2008 at 09:42
by Editor (796 views and 0 comments)

Almost four in ten Americans say the economy and jobs is the number one issue in the presidential campaign - up ten per cent in the last three weeks and now twice as many as cite Iraq as the top issue.

Six in ten Americans believe the US economy is in recession. And Europe is in the same boat.... economic gloom in the USA is matched in Europe with estimates of an economic slowdown. The interesting thing - a small silver lining to the cloud of threatening recession - is that Americans are talking about investing in growth, like the PES has been saying for years, and in contrast to the prevailing conservative economic view that says the market will sort itself out without intervention.

Democrats want to invest not in tax cuts for the rich but in health care and renewable energies. Together Democrats in the US and social democrats in Europe can make new thinking about creating in jobs and growth. It's a chance to change the prevailing leave-it-all to-the-market orthodoxy.

Tags: investment, US elections, USA