If you open up a debate over growth you'll be shooting yourself in the foot. Inflation is at a historic low, unemployment is the lowest it's been since the late 1970s, interest rates are in single digits. Yes, growth slowed last year, but for the first time since the mid-1970s we have all the fundamentals right. Sure, call for more growth, but keep to the course of steady growth. Those who want to shake up Wall Street need to face facts.
Growth depends on investment.
Investment depends on confidence in the future. Confidence depends on the assurance that inflation will not return. We need Greenspan and Greenspan-friendly people on the Fed. Let's keep the debates over growth in-house. This is the most consequential decision of your presidency.