Sen. George Mitchell on The first 100 days of the next President and the Economy

Question: How should the next president address the economy?

George Mitchell: Well, I think all of the candidates have laid out economic problems. I’m a Democrat, and I will support the Democratic nominee, and I believe that both of the remaining Democratic candidates, Senator Clinton and Senator Obama, have laid out economic programs, which I think probably represent the right approach for the country. We have this problem of this staggering deficit and while all three of them have made proposals that will probably result  in an increase, the proposals made by Senator McCain will have a spectacular increase in the deficit, if they’re all put into place, as proposed. It’s really kind of amazing, given the history of politics with respect to the deficit. When I was in the Senate, from 1980 to 1995, there was a lot of concern about the deficit, and Republicans were the most concerned. They made huge issues of it, and I can remember when we were talking about a deficit of a hundred billion dollars, it was like the sky was falling. And we dealt with it. With President Bush, we had very protracted and contentious budget negotiations. You remember his famous pledge about raising taxes, “Read my lips” and then, of course, he proposed raising taxes, with which we agreed. And then President Clinton dealt with it, I think, most effectively in his 1993 budget, which we passed by a single vote. Every single Republican in the Congress, every single one, House and Senate, voted against it, and every one of them predicted that if Clinton’s budget passed, there’d be a recession, there’d be high interest rates, high unemployment, the economy would tank, deficits would rise, and of course the exact opposite occurred. There were other factors, as well, government policy doesn’t operate in a vacuum and by itself doesn’t decide what happens in economic affairs, but it was a significant step forward and I think that’s something that the next President should deal with, along with the economic growth package I was talking about.

Sen. George Mitchell on The first 100 days of the next President and the Economy

LinkedIn meets Tinder in this mindful networking app

Swipe right to make the connections that could change your career.

Getty Images
Sponsored
Swipe right. Match. Meet over coffee or set up a call.

No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.

Keep reading Show less

Dead – yes, dead – tardigrade found beneath Antarctica

A completely unexpected discovery beneath the ice.

(Goldstein Lab/Wkikpedia/Tigerspaws/Big Think)
Surprising Science
  • Scientists find remains of a tardigrade and crustaceans in a deep, frozen Antarctic lake.
  • The creatures' origin is unknown, and further study is ongoing.
  • Biology speaks up about Antarctica's history.
Keep reading Show less

This 1997 Jeff Bezos interview proves he saw the future coming

Jeff Bezos, the founder of Amazon.com, explains his plan for success.

Technology & Innovation
  • Jeff Bezos had a clear vision for Amazon.com from the start.
  • He was inspired by a statistic he learned while working at a hedge fund: In the '90s, web usage was growing at 2,300% a year.
  • Bezos explains why books, in particular, make for a perfect item to sell on the internet.
Keep reading Show less

Why are women more religious than men? Because men are more willing to take risks.

It's one factor that can help explain the religiosity gap.

Photo credit: Alina Strong on Unsplash
Culture & Religion
  • Sociologists have long observed a gap between the religiosity of men and women.
  • A recent study used data from several national surveys to compare religiosity, risk-taking preferences and demographic information among more than 20,000 American adolescents.
  • The results suggest that risk-taking preferences might partly explain the gender differences in religiosity.
Keep reading Show less