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Re: Blue Fin post# 4840

Sunday, 02/17/2008 11:47:24 AM

Sunday, February 17, 2008 11:47:24 AM

Post# of 5140
Hi Blue Fin

Lawrence Kudlow is a supply side, free market economist. Here is the summary on him from Wikipedia

Lawrence (Larry) Kudlow (born August 19, 1947), is an American conservative, supply-side economics enthusiast and television personality. Kudlow currently hosts the TV program Kudlow & Company on CNBC. Kudlow is also the economics editor for National Review (a political magazine) and its online complement, National Review Online. He is also the CEO of his own consulting firm, Kudlow and Company. A syndicated columnist, his articles appear in numerous U.S. newspapers and web sites. He also runs his own blog, Kudlow's Money Politic$. He opposes estate taxes, as well as taxes on dividends and capital gains. Kudlow advocates that employees be compelled to make greater contributions to their pension and medical costs, suggesting that these expenses are an undue burden on corporations. Kudlow defends high executive compensation as a manifestation of market forces and opposes most forms of government regulation. He believes that reducing taxes will increase governmental revenue through expansion of the overall economy. In general, he supports smaller government that interferes less and citizens who take more individual responsibility. He advocates wide ownership of stocks and frequently speaks of a broad "investor class" that includes most Americans. Kudlow has now become a harsh critic of corporate corruption at Enron, Worldcom, and other companies.


It is no surprise that he opposes Obama. He opposes anything that interferes with free markets.

While free markets might do many good things for businesses, they are a failed approach in terms of governmental policy.

Corporate taxes are a red herring when it comes to reasons that corporations move their operations overseas. The real reason is labor and environmental costs, and governments, like Nigeria, who will go all out to secure the placement of new factories. Corporations just don't want to say so. It looks better to call your political opponents greedy and unwise than to openly admit to your own greed.
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