Thursday, October 21, 2010

POLITICO Playbook: FAREED ZAKARIA writes his first domestic cover for TIME, "How to Restore the American Dream"

FAREED ZAKARIA writes his first domestic cover for TIME, "How to Restore the American Dream": "Ultimately American jobs are created from the bottom up by companies, not from the top down by government fiat. But there are measures we can take that will encourage the process. Here are the key ones: Shift from consumption to investment. ... Training and education. ... Fiscal sanity. ... The U.S. faces huge challenges, but it also has enormous advantages." http://bit.ly/avtvn9

--RICHARD STENGEL's editor's note: "We're not so much exporting jobs as offshoring profits. The 500 largest companies on the S&P index now generate almost half their profits outside the U.S. That's where the growth is. ... Fareed calls for something like a Marshall plan that would move us from consumption to investment: investment in technology, in infrastructure and people. He advocates a sales tax, the proceeds of which will be used to invest innovation. ... It will require a bipartisanship consensus to do many of these things. I know, bipartisanship is not in the vocabulary of Washington. But for the sake of all of us, it needs to be." Cover image http://politi.co/9Bxa2Q

--CNN's "Restoring the American Dream: A Fareed Zakaria GPS Special" will air at 9 p.m. E.T. and P.T. on Saturday, Oct. 30, and at 10 a.m. E.T. and P.T. on Sunday, Oct. 31.

Posted via email from Brian's posterous

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