Hamiltonian Democrats

By Harold Meyerson
Wednesday, April 19, 2006; Page A17

It's come to this: The chief project to restate Democratic economics for our time was unveiled a couple of weeks ago, and it's named after the father of American conservatism, Alexander Hamilton.

Necessarily, the authors of the Hamilton Project preface their declaration with an attempt, not altogether successful, to reclaim Hamilton from the right. The nation's first secretary of the Treasury, they note, "stood for sound fiscal policy, believed that broad-based opportunity for advancement would drive American economic growth, and recognized that 'prudent aids and encouragements on the part of government' are necessary to enhance and guide market forces."