Larry Kudlow: "The supply side of Karl Rove"

[Bush_Eats_Beef]

If by some distant chance Bush advisor Karl Rove is pushed out of the White House by the Valerie Plame/CIA kerfuffle, it would come at the detriment of pro-growth economic policies and quite conceivably the stock market and the economy as well.

What the mainstream media have been missing in this story is that the influential Mr. Rove is not simply a political advisor, he is a key supply-side economic voice in the Bush administration. In fact, many hold that Rove is President Bush’s top economic advisor.

Most political insiders believe that Rove was instrumental in persuading President Bush to stay with personal-saving-account-type Social Security reform in both the 2000 and 2004 election races. In my interview with Rove last winter, he was the first senior Bush official to come down against raising the Social Security tax wage cap. He also referred to the U.S. as an IRA/investor-class nation that will never look back.

Rove knows full well that roughly three-fifths of all voters come from the investor class. That is why he was a strong supporter in 2003 of reducing tax rates on investor dividends and capital gains, a strategy that has helped propel the U.S. economy at a 4.5 percent annual rate over the past two years.

http://www.townhall.com/columnists/larrykudlow/lk20050728.shtml

[LSparkle]

1. Kudlow, BITE ME!

"Investor class" ... yeah, RIGHT! More like suckers in a rigged pocker game.

[indepat]

3. Can't help despising that Krudlow guy who dispenses more crap (RW) that

any herd of cattle on the largest of Texas ranches.

[eleny]

2. Yeah, well, Kudlow - treason will do that!

[whitehousemoron]

4. Kudlow is partly right

While the economy is growing at 4.5%, the bubble in my estimation is about to burst because the tax burden has shifted from Washington, back to the states. The money has to come from somewhere, and the local economies have to make money somehow. Kudlow has to realize that while the national economy maybe good, things aren't too good in many states.

[Turbineguy]

5. Funny.........

As a member of the so-called "investor class" I have to wonder, if a component of the stockmarket going up isn't the impending fall of Bush. After all, it went down when his star started rising.

This goes to my theory of tax cuts for the rich. The stock market had gone down some 2 trillion. The rich were starting to sharpen their daggers. The only way Bush could pay his way and keep his position would be for the government to give the lost money back. Remember, Bush cannot create wealth in the sense that he makes a useful product. Ergo: The Tax Cut! And of course War!

Those whose IRA's lost value during the Bush Years will likely never see it come back as a continuation of Republicans will make the situation worse, and a change to a more responsible government will start a decline in government borrowing to finance the good life some may be enjoying.

Kudlow is full of Bush. I think that's why Cramer has his own show.