President Obama’s second State of the Union address presented a comprehensive economic philosophy for the progressive movement in this century. The mantra of the conservative movement since Reagan popularized the now-defunct concept of trickle-down economics has been clearly stated and often repeated: tax cuts, less government. Ask anyone what forms the basis of the conservative economic philosophy and those four words will be among the first you will hear.
But what is the correspondingly simple mantra for the progressive economic philosophy? That is a harder question to answer, even for progressives. But after last night’s address we now have a strong candidate: innovation and competitiveness.