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Kudlow’s Money Politics

Larry Kudlow’s daily web log of matters political and financial.

On My Way To Washington...



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I’m getting ready to hop aboard a train down to D.C. ‘” heading down to Washington to shoot tonight’s show.

I’ll be doing a sit-down, one-on-one interview with Sen. John Kerry later this afternoon. We’ll discuss the war in Iraq and the economy.

We’re also going to interview possible presidential candidate Sen. Sam Brownback (R-KS).

The big theme for tonight’s show (and future shows) is that despite the mess in Iraq, the U.S. economy is doing just fine. During the Vietnam period in 1965 through the 70’s, the U.S. was a mess with runaway inflation (as high as 11 percent in 1974) with stocks getting clobbered, but the new economy now is holding up beautifully.

In fact, the stock market’s five-month rally is soldiering on, even though Iraq has slid downhill.

Gold and oil have stabilized at lower levels. And while the dollar is a little softer, it really hasn’t moved much since late 2004. In fact, global stock indexes show that world growth is still good and free market capitalism and wealth creation are doing well.

In other words, it’s an Iraq problem, not a U.S. problem.


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