James Pethokoukis

Politics and policy from inside Washington

Kudlow: Profits today, politics tomorrow

Apr 28, 2010 18:12 UTC

The Great One opines thusly:

To be perfectly honest here, as much as I love to dig into all the money-politics issues — including the financial-reform bill — I’m much more interested in these big profits and capital gains. This V-shaped recovery is the most important item on my radar screen. It’s the single-biggest investor issue out there right now. I don’t think the bull market in stocks is over yet. Again, regarding taxes and regulations, I’ll warn about next year. But frankly, I think the prosperity theme is issue number one.

COMMENT

I believe Arthur Laffer is correct, the US economy will collapse at some point in the future. There is nothing on the horizon that bodes well for economic recovery or any kind of a boom. With deficits out of control and taxation on the rise, it is just a matter of time until we forced to realize the fact that we are insolvent, bankrupt. Just because we can print our own currency and rely of foreigners to buy our useless bonds, does not eras the fact that are economy is nothing but the largest ponzi scheme in history!

Posted by fthomascain | Report as abusive

Has the Obama deficit panel already failed?

Apr 28, 2010 17:02 UTC

Well, if you define success as having the commission come up with solutions that can pass Congress, then yes. I am watching several commission members at the Peterson Foundation Fiscal Summit.  They are all downplaying what the commission can accomplish, saying that as long as the panel educates the American public on the debt problem, they will consider it a success.  But will bondholders of U.S. debt agree? Downplaying expectations may avoid an adverse financial market reaction to failure, but I am not sure it should. We won’t cut spending. We won’t raise taxes broadly. And we ignore policies that would boost economic growth. What else is there?

COMMENT

re-freelove
your comments on just who pays the taxes in the usa, and how much they pay….is quite interesting.
you see, it reflects just how little you know about who really pays the bills in this country.
you want a middle class?
you want some of the money brought back to the lower levels of society?
heres a tip…it already is being distributed.
our govt is engaged in a social engineering experiment whereas they take billions from the top 10% of wage earners and disperse it to the lower 47% of wage earners in the form of tax refunds or earned income credits.

how about…instead…the lower 47% pay their fair share of taxes and not rely on the top 10% to pay the majority of the taxes for this country.

in other words…if you aint paying anything …then you dont really have the right to say anything.

Posted by JayWx | Report as abusive
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