Came across an interesting article from Paul Weinstein, Jr., and Marc Dunkelman. The article compares the liberal and conservative views on fiscal stimulus and then offers an alternative, a third way, to the two traditional schools of thought: tax cuts versus government spending.
.The third way, as defined by these Democrats, is comprised of reducing or eliminating burdensome regulations, thus freeing businesses to innovate and drive an economy.
The authors’ were referring to the Clinton years as their example, where then Vice-President Al Gore led efforts to streamline government.
“ … we ought to harness the power of streamlined regulation”, the authors state. “Enabling the private sector to invest and grow with fewer burdens could spur the long-term growth politicians long to deliver.”
Chairman Genachowski should give a listen to Weinstein and Dunkelman.