You can’t govern from the House alone. Boehner knows that. But he also knows that you can stop the redistribution, the big spending, the overregulation, the tax hikes and the war against business and investors.
The economy is picking up this new political vibe. Economic growth has shifted to 4 percent from 2 percent (even though the Fed hardly acknowledges this).
And just in the last six weeks, indicators of better jobs and business confidence have been springing up everywhere.
The economic upturn probably started late last summer, but it has picked up steam since the elections. Car sales, ISMs, small-business confidence, 297,000 ADP private jobs, and brisk holiday retail sales — the indicators all look good.
And what’s helping light things up? Low-tax-rate clarity. Stopping the pork-barrel, earmarked, omnibus spending bill. And now the potential undermining of Obamacare. Plus, the hope for broad-based spending limits, and even a corporate tax cut touted by Obama and hopefully the new House Republicans. Trust but verify. And right now I’m willing to trust.
If Obamanomics has been replaced by Tea Party Reaganomics 2.0, the revived Gipper approach is at heart an economic growth message — operating through free markets, not government. And it’s not simply budget bean-counting either.
Cut-and-grow seems to be the new House GOP mantra. And that’s fine, as long as the cut part includes corporate tax cuts to grow the economy and complement the hoped-for spending cuts. Growth is essential to the GOP political future, as well as the nation’s health and wealth.