By Michael Stumo
Former White House CEA and NEC chairs again reveal why our economy declined and stagnated under their collective watches. They worry about speculative diplomatic repercussions from dealing with overcapacity and national security issues as the US considers neutralizing the problem. Not a word from these Very Smart People about other countries who should, perhaps, fear repercussions from us for subsidizing overcapacity and carrying out an industrial policy that advances their economy at the expense of ours. We are relegated to selling oil and gas, and flipping burgers domestically, as they move up the value chain.