Mitsch’s Populist View of Economic Recovery “Might Resonate with Voters”–The National Review

Oct. 25, 2011 - PRLog -- CHERRY HILL, N.J.– Referring to State Senate candidate Phil Mitsch as a champion of the “Keynesian” view of debt overhaul and real estate market recovery, The National Review this weekend stated that Mitsch’s populism “might actually resonate with a large number of voters.”

Writing for The National Review Online, domestic policy columnist Reihan Salam, author of the book, "Grand New Party: How Conservatives Can Win the Working Class and Save the American Dream," notes that despite a tide of negative press in recent days, Mitsch’s preoccupation has been on the lingering impact of the economic crisis. Citing Mitsch’s theory that the second Great Depression actually began in 2005 and that the U.S. financial crisis is much more serious than what government and the media are making it out to be, Salam states that this view is “not unlike the one that has been advanced by a number of scholars, including (The Wharton School’s) Justin Wolfers.”  

The writer goes on to list the six fundamentals of the U.S. economy, as espoused by the candidate on his political website, www.mitsch4senate.com.  These are: consumer disposable income; consumer borrowing; consumer spending; real estate ownership; real estate values; and real estate equity.  Salam then offers some of Mitsch’s legislative solutions, which include a 2 percent state mortgage program, a 6 percent state credit card program, mandatory lender modifications, and the abolition of the credit rating system, all of which would substantially increase the first fundamental of the economy, namely consumer disposable income.

“It’s very encouraging to see a renowned political journalist get past all the nonsense that’s occurred recently and bring a focus on the real issues affecting New Jerseyans, and possible solutions,” said Mitsch.  “The supreme irony is that it was someone who isn’t even reporting for any New Jersey media outlet.  I think that’s a slap in the face of all New Jersey citizens who have been deprived of critical reporting of the campaign issues that concern them the most.”

Salam, in summing up, writes: “One of the also-rans in the Republican presidential race might consider embracing [Mitsch’s] homeowner-centric prescriptions, as she or he would instantly find a large constituency of voters who are desperate for solutions that will lighten the burden of underwater mortgages.”

To read the complete National Review column, go to http://www.nationalreview.com/agenda/281005/phil-mitschs-...

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