Pawlenty right about 5 pct growth — FDR proved it

Republicans+Debate.jpgIt’s hard to do, but I must share a column that shines a favorable light on Republican presidential candidate Tim Pawlenty’s economic plan.

His plan, you will recall, is based on 5 percent annual growth for a decade, if only we slash taxes to the bone, cut spending and get government off the backs of business.

According to Daniel Gross, economics editor at Yahoo! Finance, Pawlenty isn’t the nut job some on the left are saying.

A look at the historical record shows 5 percent growth has been done and can be achieved again, Gross writes in his column.

“But here’s the thing. The U.S. has shown an ability to grow at more than five percent a year for several years in a row. And it did so at a time when many people doubted the capacity of the U.S. to reinvent itself and recover its economic footing. It’s surprising that Pawlenty doesn’t talk more about that period,” Gross writes.

Well, there may be a reason T-Paw doesn’t want to talk more about the good ol’ days — a Democrat was in the White House and government spending was on the rise.

Daniel Gross column: Pawlenty’s 5 Percent Growth Solution Makes Historical Sense

More Pawlenty stuff:

Lawrence O’Donnell and The Last Word: The Tim Pawlenty theory

Tim Pawlenty website

Photo: Former Minnesota Gov. Tim Pawlenty answers a question as businessman Herman Cain, left, listens during the first New Hampshire Republican presidential debate at St. Anselm College in Manchester, N.H., Monday, June 13, 2011. (AP Photo/Jim Cole)