Kudlow’s Money Politics

Don’t Measure the Drapes Just Yet

Some snippets from the President’s speech yesterday in Florida:

The Democrats said the tax cuts were not the solution to solving an economy that was slipping into recession. You might remember back in 2001. The truth is the tax cuts have helped make the American economy grow faster than any major industrialized nation. This economy is the envy of the world.

The Democrats said that the tax cuts would lead to a jobless recovery. The truth is that our economy has added jobs for 37 months in a row, and since August of 2003, our economy has created 6.6 million new jobs.

The Democrats said tax cuts would not help increase wages. Well, the truth is real wages have grown 2.2 percent over the last 12 months.

The Democrats said tax cuts would cause the deficit to explode. Well, the truth is that tax cuts led to economic growth, and that growth has helped send tax revenues soaring. And, as a result, the deficit has been cut in half three years ahead of schedule.

The Democrats have made a lot of predictions. Matter of fact, I think they may be measuring the drapes. If their electoral predictions are as reliable as their economic predictions, November 7th is going to be a good day for the Republicans.

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

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