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The Democratic Strategist

Political Strategy for a Permanent Democratic Majority

DCorps: Public Now Rejects Trickle-Down Economics, Seeks Inclusive Growth

From a Democracy Corps E-Blast:
In May the Roosevelt Institute released its Rewriting the Rules economic agenda crafted by Nobel Prize winning economist Joseph Stiglitz. Since the report’s well publicized release, the Roosevelt Institute has partnered with Democracy Corps to determine whether its Rewriting the Rules analysis and recommendations were actionable in the short and long-term. What it offered sounded like a new common sense: the economy is governed by underlying rules; they are a choice and we have the power to change them. But can this serious formulation win the intellectual argument with elites and the public, can its bold policies win acceptance, can the resulting political messages defeat opponents and energize and motivate a disaffected citizenry? Today, we are pleased to release the results of this first phase of research.
This research is unique because we are not testing policies developed by pollsters or advocacy groups. We tested policies that the Roosevelt economists believe would be effective levers in changing the rules of the economy and producing a broadly shared economic growth. Well, it is now clear, the public embraces that agenda, while the conservative economists’ agenda is barely credible.
After hearing a candidate’s pointed message attacking trickle down economics and promising to level the playing field for the middle class and America, the disengaged get more engaged and voters get more supportive of that leader. But that campaign context understates the possible moment and opportunity. The public is ready to repudiate trickle down economics, the most important intellectual idea since Reagan, and turn away from its attendant conservative policies. It is also ready to embrace the intellectual framework and bold policy options necessary for America to achieve inclusive growth. The scale of support for these disruptive changes suggests we may be going into a distinctive period.
Read the report.
View the presentation.
View the toplines.

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