In this environment of extreme polarization, the President can’t get alot of legislation passed. As Jared Bernstein says:
Well, if you can’t do…teach.
Build the case for gov’t’s role at a time like this. Explain that we’re stuck in a vicious cycle of weak demand feeding into weak job growth feeding back into weak demand. Households are still deleveraging, and that’s holding back hiring too.
And what happened to our business leaders? As Bernstein points out:
In the past, you could count on a particular brand of Republican for support in some important areas of economic policy…on things like infrastructure, education, investment in R&D;, sectoral subsidies, like for clean energy or high speed rail, you could often get help from industry lobbies and even the Chamber of Commerce.