Kudlow’s Money Politics

Cash for Caulkers: Obamanomics at Its Worst

President Obama thinks insulation is sexy stuff. It saves money. But it also costs at least $23 billion. And that’s already on top of “Cash for Clunkers,” which cost at least $3 billion, though no one knows for sure.

This is Obamanomics at its worst. Spend money in order to save it? Really?

If weatherization and insulation is a good thing, then American families will make their own choices and do it alone. We the people. You see, it’s our money. People seem to forget this. Let us spend it as we see fit.

Free-market forces have increased energy efficiency by over 50 percent in the last couple of decades. This came about without the heavy hand of big-government central planners, greenie-regulators, and industrial-policy targeters.

Here’s a thought from Harvard economist Greg Mankiw in Sunday’s New York Times: Tax cuts might accomplish what spending hasn’t. Mankiw cites numerous studies covering 21 nations in the OECD, over 91 episodes since 1970 involving fiscal stimulus.

And I quote: “The results are striking. Successful stimulus relies almost entirely on cuts in business and income taxes. Failed stimulus relies mostly on increases in government spending.”

In other words, we the people, on the supply-side.

Never forget: It’s our money.

Larry Kudlow is the author of JFK and the Reagan Revolution: A Secret History of American Prosperity, written with Brian Domitrovic.

Most Popular

Why Not Make Democrats Angry?

Some of the Right’s leading thinkers, people I hold in the highest esteem, say circumstances are so unusual right now that the president and the Senate should do something other than what they ordinarily would do when a Supreme Court vacancy occurs: nominate and consider a replacement for Justice Ruth Bader ... Read More

Why Not Make Democrats Angry?

Some of the Right’s leading thinkers, people I hold in the highest esteem, say circumstances are so unusual right now that the president and the Senate should do something other than what they ordinarily would do when a Supreme Court vacancy occurs: nominate and consider a replacement for Justice Ruth Bader ... Read More
U.S.

Systemic Racism? Make Them Prove It.

I  worked in the criminal-justice system for a quarter century. It is run, day-to-day, by the crème de la crème of graduates from America’s top law schools. Those institutions wear their progressive bona fides on their sleeves and proclaim it for all the world to hear. In their offhand rhetoric — ... Read More
U.S.

Systemic Racism? Make Them Prove It.

I  worked in the criminal-justice system for a quarter century. It is run, day-to-day, by the crème de la crème of graduates from America’s top law schools. Those institutions wear their progressive bona fides on their sleeves and proclaim it for all the world to hear. In their offhand rhetoric — ... Read More
Politics & Policy

Get Your Facts Right

On the menu today: Another reminder that “People of Praise” and “People of Hope” are not the same group, and proof that “People of Hope” did not inspire Margaret Atwood’s The Handmaid’s Tale; wondering what Joe Biden is doing with his time these days; and two Senate committees release their ... Read More
Politics & Policy

Get Your Facts Right

On the menu today: Another reminder that “People of Praise” and “People of Hope” are not the same group, and proof that “People of Hope” did not inspire Margaret Atwood’s The Handmaid’s Tale; wondering what Joe Biden is doing with his time these days; and two Senate committees release their ... Read More