ML: The Economic Growth program that I help to direct at the New America Foundation, a Washington think tank that I co-founded, will do its best to make sure that the story of the American economy I tell in "Land of Promise" has a happy sequel!

In the aftermath of the Great Recession, the United States may be afflicted by high levels of unemployment for years to come. Compounding the challenge to public policy is the fact that many jobs in many sectors will never be restored, either because they depended on debt-enabled demand during the bubble economy years, like many jobs in finance, real estate, and construction, or because they are vulnerable in the long term to offshoring or automation.

In his January 2012 State of the Union address, President Barack Obama called for cutting taxes for companies that produce in the United States, especially high-tech manufacturers. He proposed eliminating deductions for firms that move jobs abroad. And he suggested a minimum tax on all multinational corporations.

... would probably support policies that assume that the short-term interests of investors like Bain are identical to the long-term interests of the economy,” says Michael Lind, policy director at the New America Foundation in a column penned for CNN. ...