Kudlow’s Money Politics

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

Mr. Kudlow Goes to Washington


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Larry is headed to the White House for an exclusive one-on-one interview with President Bush on Friday.

Larry’s interview with the President will air on Friday night’s “Kudlow & Company,” at its usual time, 5:00pm EST.

We hope you’ll join us.

The Tide Turns


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‘Yesterday’s immigration protests will be remembered as a turning point. The pro-amnesty, zero-enforcement coalition gambled that it could take to the streets and intimidate the majority of Americans into backtracking on their plans to toughen immigration law. It was a bold gamble for the open-borders bunch – and they lost.’ ‘” James P. Pinkerton writing in today’s Newsday

Over a month ago, I wrote that all these big pro-immigration rallies across the country might backfire. It looks like I was right, and the tipping point may have occurred yesterday.

Throughout this contentious debate, I’ve remained resolute in my support for a comprehensive pro-immigration policy’”one which includes beefed-up border security and law enforcement, but one that also includes some kind of guest-worker program for undocumented immigrants and a path to citizenship. Illegals should pay a fine, should go to the “back of the line” of green card applicants, but they should not be felons and should not be forced to return home.

Unfortunately, it’s looking more and more like these illegal immigrants and their brash leaders are becoming their own worst enemies. For whatever reason, Americans have been mistaken for doormats. Look no further than ‘Nuestro Himno,’ the Spanish-language version of our expropriated ‘Star-Spangled Banner.’ (Make sure to check out today’s Investor’s Business Daily editorial for more on this subject.)

This Spanglish ‘national anthem’ was an incredibly poor decision; a smack in the face to Americans; a tone-deaf manuever made all the worse by the fact its lyrics are completely different from the original. Consider verse two:

’My people keep fighting
It’s time to break the chains’

Huh? The time has come to break the chains? What the heck is that? That sounds like some Marxist mumbo-jumbo to me.

Let’s get this straight once and for all: English is our language. It forms the foundation of our culture. It encourages national unity and the free-flow of commerce. And for hundreds of years, immigrants have come to our shores, jumped right in, and learned our language. They did not make ridiculous demands that we acquiesce to their native tongue. It was this way with the Irish, Italians, Koreans, Germans, and so forth. That’s the way it’s always been and the way it ought to remain.

Under no circumstances should we allow bilingualism in school. None. Latin immigrants can come to our fertile soil seeking freedom and opportunity, but not to change culture.

I wonder if the left is taking over these pro-immigration marches? If so, it will kill comprehensive reform and play right into the hands of the know-nothing xenophobes like Pat Buchanan, Lou Dobbs and Tom Tancredo.

But make no mistake about it: This Spanglish national anthem is a culture war that they will lose. The same goes for these misguided boycotts of business and schools. Poor decisions all the way around. And I will fight this culture war even though I support a balanced immigration reform bill.

It’s not ‘time to break the chains.’

It’s time for these people to open their eyes.
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Communist Reincarnation in Latin America


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With much of the national attention and debate fixated on Iran and Iraq, a number of folks are missing the growing communist threat rifling through Latin America.

Ronald Reagan fixed this in the 1980’s with a strong, principled stand for democracy and backing the freedom fighters in El Salvador and Nicaragua. CIA Director Bill Casey undertook covert actions even in the face of left-wing Democratic congressional outrage and the stupid debate over the War Powers Act.

It worked in Central and South America, as the dominoes of democracy started falling everywhere.

Now, twenty years later, leftist governments are rearing their ugly heads in Venezuela, Bolivia, Argentina, and perhaps Mexico and Peru. U.S. oil companies are being nationalized. China is aligning itself with Cuba and Venezuela to explore and drill offshore oil just forty-five miles off the Florida Keys.

That begs the question, why isn’t the United States drilling there?

And, perhaps more importantly, what is our government policy regarding this burgeoning leftward tilt in Latin America’”which by the way is a safe harbor for a number of terrorist groups including Hamas, Hezbollah and Islamic Jihad, all of which are actively plotting to destroy the United States?

This is very serious stuff. The U.S. government needs a clear and aggressive response to this leftist revolt that threatens our hemisphere.

And by the way, what actions will our government take to defend our corporations from expropriation? Since when do we allow foreign governments to take over the assets of American companies?

United 93


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I saw United 93 on Sunday night. And I’m glad I did. It was riveting.

Yes, parts of it made me sad, as all Americans were on 9/11. But underneath that sadness came the usual anger at what the bloodthirsty terrorists had done to us.

The documentary style storytelling of what actually happened inside United 93 was unbelievably tense. And suspenseful. (Yes, suspenseful; though we already knew the outcome of the episode, my wife and I did not of course know what happened inside the plane, as Todd Beamer and other courageous passengers mounted their attack on the terrorist guards in order to get inside the cockpit.)

Writer/director/producer Paul Greengrass’s rendition from interviews with family members and friends of the deceased was absolutely remarkable. So was the whole perspective of that terrible day as seen through the eyes of various civilian air-controllers and the military command center.

At one point, late in the movie, the head air-controller in New York finally said, ‘Someone is at war with us and we are closing down all flights, domestic and international.’ Got that completely right.

The idea that this was war and nothing but war, would of course, later surface in President Bush’s post 9/11 war time strategy. And many of the air controllers (both civilian and military) played themselves, another brilliant idea from Greengrass.

Should this movie have been made now? Is it too soon? Yes, to the first, and no to the second.

As David Beamer (who lost his heroic son Todd on United 93) wrote in the Wall Street Journal recently, this flick is a wake-up call. I wish it had been made earlier.

And the shots of the World Trade Center attacks, both up close and from the distant tower of the Newark air control center, reminded me of this: Why the hell haven’t the quarrelsome, dingbat New York and New Jersey politicians rebuilt those towers?

The Empire State Building was built in one year during the 1930’s.

We will never be whole as New Yorkers or as Americans until those towers are rebuilt.

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