That the government does have a plan. just this month, columnists from both left and right have talked about an existential crisis, britain teetering on the edge and that all we can hope for is that things don t get worse. i welcome the debate, but chancellors are also allowed their say. and i say simply this declinism about britain is just wrong. the key to his plan half inflation, ensure taxes are low and create investment zones, mini canary wharfs for each growth industry with tax breaks to attract investment. the verdict of overseas companies and executives is that britain is an extremely exciting country to invest and grow, and i think we should remember that and not get too sucked up in the latest economic statistics, because this is a difficult patch but we can get through it and there are tremendous opportunities on the other side. but inflation is forecast to half in the next year anyway,
I think the proof still lies, you know, at the kitchen table. and how americans feel ultimately about their own lifestyles, their own economic well-being. and i think, you know, the idea that this declinism is, you know, misplaced, may be true. but it is not misplaced for the untold millions of folks who still have not found jobs. that s going to be the dynamic, i think, that sort of pivots off tina s point for this fall campaign. we talk about afghanistan today. we are talking about the karzai government and all of that. but this thing is still going to pivot back to when you get to labor day, what s going on in america s kitchen tables, what s going on in american businesses, and how they truly feel about this president s handling of the economy and the money that has been spent, the $5 trillion of debt that is now going to be paid by future generations, all of that comes back into play and that declinism will be front and center. mike barnicle, it s really a tale of two americas.
I think that could be arguable and debatable too. but what s the context? well, daniel gross, a terrific financial journalist, has really done a piece saying that the declinism that is such a fashionable mood at the moment is in fact misplaced that, during this whole period of the great recession, americans and private companies have figured out ways to be faster, do things more economically, do things with fewer people, and in fact have improved their efficiencies to the point that profits are doing extraordinarily well and that is the turn-around has happened, it s just not been acknowledged. in terms of a healthy comy and compared to other economies like for instance in europe, his view and his whole position is that america is absolutely back. wow. michael steele, i take it there might be some republicans, especially those running for office, who might take issue with that assertion. i think you re right.
Redesign our lives by letting him and his bureaucrats live it for us. reporter: last night we also heard from michigan congressman thaddeus mccotter who said the choice is between republicans and democrats and that means exceptionalism versus declinism. and there was an appearance from former new mexico governor gary johnson who has gotten a reputation for being something of a single-issue candidate because of his support for one thing. here it is. i espouse legalizing marijuana. legalize marijuana. [applause] and, arguably, 75% of the border violence with mexico goes away. reporter: he gets a scattering of applause when he does that at event like this, but he doesn t get a lot of traction in the polls. again, today all eyes on the appearance of michele bachmann with the expectation she ll be