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Freedom and NO government intrusion (read that manipulation) is necessary for economic growth, whereas innovation is the fruit of the tree of growth unhindered by government intrusion and manipulation.
At the risk of angering those of an opposing view, I believe that "Reaganomics", or more specifically the theory of "trickle down" economics was actually proved during the Reagan administration. It was severely and drastically undermined by those who wished for higher taxes and an increase of government intrusion and manipulation during the G.H.W. Bush administration.
We need to implement better (less) tax and regulation policies to prevent this exodus of revenue known as outsourcing of jobs and services in order to create a better economy for America.
Just my not-so-humble opinion. B)