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The 75 Year Itch

I was slightly surprised to discover that I agree with one of the central points of Third Way’s post-election column, namely that with the passage of the Affordable Care Act we’re now faced with the end of big government liberalism and progressive politics will necessarily need to concern itself primarily with operating the public sector more efficiently rather than operating a larger public sector.

That said, I can’t resist the temptation to note this bit of bizarre history:

For roughly 75 years, America dominated the world economy, taking robust economic expansion for granted. Those days are over. If the United States doesn’t attain growth far greater than what is projected for the next 20 years, we will never attain the middle class living standards we expect; claim the leadership role we need for a safer world, or pay for the entitlement state we’ve created.

What 75 year period was that? They seem to have totally forgotten the Great Depression, a period during which people certainly didn’t take robust economic expansion for granted.

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