America must not return to the easy path of debt-fueled consumption. It is time, instead, to rebuild our country’s productive might. This will require more domestic investment, more innovation, smart investments in infrastructure and more competitive companies and workers. This is why PPI pays special attention to new sources of jobs and growth arising from the telecommunications boom and the “data-driven economy.” At the same time, we must rebuild the competitiveness of more traditional sectors, including manufacturing. We need balanced economic growth to sustain broad, middle-class opportunity.
When it comes to energy, Americans deserve better than a false choice between green fantasies and “drill baby drill.” PPI’s strategy for energy realism recognizes that we will have to tap all fuels – fossil, nuclear, renewable – to meet growing energy demands. A balanced national energy portfolio must also reduce U.S. greenhouse gas emissions over time, either by shifting out fuel mix away from the most carbon-intensive, or by adopting new carbon storage techniques, or some combination of both.
The single greatest challenge our country faces today is renewing its economic strength and dynamism. This demands not just new economic policies, but also changes in how government regulates business. Our work focuses on removing governmental barriers to innovation, including antitrust, and regulatory reform; tax policy; trade; education and workforce development; infrastructure and telecommunications.
We believe in a robust housing market and a healthy balance between government and private capital. Our work focuses on housing and homeownership, Fannie and Freddie reform, financial services regulation and retirement security.
Polarization and hyper-partisanship are destructive to the fabric of our nation. Without a working political process, we cannot hope to overcome the many challenges our country faces in the coming century. We support reforms that improve our system of elections and campaign finance and that empower the disenfranchised middle. Rather than reflexively defending government as it is, we also believe in reforming government so that it is efficient, effective and relevant to the concerns of ordinary Americans. We support decentralizing power, breaking down outdated bureaucracies, and innovating in the delivery of public services, particularly in education and social policy. And we believe in creating a fiscally responsible path for the future that balances spending and revenues to maximize economic growth and future opportunity.
We believe in a “progressive internationalism” that unflinchingly confronts new threats to our national security but also embraces our historic role as an advocate of liberal democracy. We believe in a muscular foreign policy that is tough but pragmatic.