Kudlow: Obama's War on Investors, Capitalism

Reader Comments
Back to blog

ANY INCENTIVE TO SACRIFICE 8 HOURS A DAY IS GONE. IT IS NOW TIME TO JOIN A SPECIAL INTEREST GROUP AND APPLY FOR GOVERNMENT FUNDING. THE DAY CAN BE FILLED WITH LEISURE ONCE ONLY ENJOYED BY THE WEALTHY. MEDICAL CARE IS ASSURED AS IS HOUSING. WHO WILL PAY??? GUESS CONGRESS CAN FIGURE THAT ONE OUT!!! HOW ABOUT STARTING WITH A PAY CUT FOR CONGRESS???

SHARON Grisham of ID 9:41PM February 27, 2009

Before u hitch yourself to Kudlow's train....
From Larry Kudlow's blog at National Review March 11, 2006:
"Despite the grim picture the mainstream media continue to paint about just about everything...there’s one thing they just can’t taint: This U.S. economy remains very healthy...
It’s always amazing to listen to conventional demand-side economic pundits and mainstream reporters who try as hard as they can to minimize the excellent performance of the American economy ever since lower marginal tax-rate incentives were put into place almost two-and-a-half years ago. The latest chant is that..a day of reckoning marked by a housing-price crash and an overwhelming debt burden is headed our way. This is utter nonsense...
Reagan economic guru Art Laffer taught us thirty years ago that lower tax rates ignite economic growth. Now, the Laffer curve is tracking a business-led expansion that is throwing off record budget revenues while corporate profits are soaring. Profits are the mother’s milk of business, the economy, and stocks, and are laying the foundation for even more hefty job gains...
In the months ahead, Ben Bernanke will follow the anti-inflation thinking of Milton Friedman. President Bush will continue to embrace the pro-growth Laffer curve. And the anti-worker Phillips curve will be pushed into the dustbin of history. In other words, economic growth principles will keep American capitalism on the prosperity path."

concerned reader of pethmeth of IL 9:37PM February 27, 2009

You are getting trapped in your echo chamber. Larry Kudlow as spokesman for anyone else than supply side dreamers is comical.
A) why is a cap gains rate 5% BELOW pre 2001 "war on investors"?
B) where is Obama ending 401K/IRA tax preferences?
C) u can blame the stock market on Obama but why? Did he create plummeting earnings, over leverage etc. that forms the backdrop for the drops? The market fundamentals are horrible (i.e. earnings, dividends etc.) the market is still over-valued, one of the only things keeping the market from truly plummeting has been the Obama effect.
D) What is your bank plan? I hear much griping but little feasible solutions to the fact that our banking system is insolvent perhaps grossly so.
E) How do u propose containing health care cots? Do u care about universal coverage?
F) As a small businessman I assure we would love health care system to be enacted that did not force us to either raise our employee rates double digits annually or leave them dangling with poor coverage.
Seriously you can bang the lids in your echo chamber and get all fired up or step back and ask whether your purist ideology is feasible, realistic and desirable. Kudlow may be swinging but Obama (and the majority of the American people) is one corner while Kudlow is flailing a shadow.
Again I direct your attention to the latest Gallup which contradicts the premise of your post.

concerned reader of pethmeth of IL 9:30PM February 27, 2009

I can't help but think all of this is intentional because nobody can be sooo stupid as to think America can borrow and spend it's way to prosperity and that government can create jobs and prosperity. What Obama and the Dumbocrats and of course, Bush and the Repugnants have done is illegal, reckless, logic-defying economic suicide.
What we need is less government spending followed by less taxation and less regulation of the markets. It is regulation, taxation and government intervention in the housing market that created this crisis. It is the fraud and corruption at the SEC and in Fannie and Freddie that have caused this bubble and subsequent collapse.
Madoff and Stanford anyone??!! Not enough regulation? The problem is that the regulators were corrupt and protecting these scoundrels! We need less regulation and more personal responsibility. Without a corrupt SEC the individual only invests with those that have open balance sheets and don't rely on the government to police them.
Obama - how can anybody think that big spending is the answer. If it were Bush writing the trillion dollar checks there would be absolute outrage and a mass march on Washington. Wake up people. Obama is just more of the same - another puppet of our corporate masters.

NoMoreLies of AK 9:30PM February 27, 2009