The Republican Case Against Republican Economics
In a prescient article published in November of 2011, Henry Olsen, a senior fellow at the Ethics and Public Policy Center, wrote that “the differences between white working-class independents and the GOP’s conservative base are becoming too substantial to ignore. The GOP base voter believes the deficit is as large a problem as the economy; the white working-class independent does not. The GOP base voter believes cutting entitlements is necessary to cut the deficit and that taxes on the rich should not be raised; the white working-class independent disagrees.”
.. Pethokoukis points out that the Cruz-Lee-Meese manifesto fails to acknowledge that “globalization and automation are playing a role. Going forward, some economists fear a permanently bifurcated labor force with rising pay for a slice of tech-savvy workers, and stagnant wages for everyone else. It’s not all about Obama’s economy.”