Kudlow’s Money Politics

The McCain Interview

(Here’s a little taste of my interview with GOP presidential hopeful Sen. John McCain from earlier this afternoon. You can catch the whole interview on CNBC’s Kudlow & Company tonight at 7pm ET.)

KUDLOW: Let me pitch you a classic Democratic pessimistic statement from Senator Charles Schumer, who was on this network yesterday. He says the following, “Bush administration continues to see the economy through rose-colored glasses, whether it’s subprime crisis, the credit crisis, the energy crisis, the declining dollar, or it just blithely marches on without making any serious effort to solve these economic problems.” What would your response be to Mr. Schumer?

Sen. McCAIN: My response is take a trip out Silicon Valley. Take a trip to many of the small businesses and enterprises that are growing and look at our revenues, which are dramatically increasing as a result of the exports of the quality products that can compete around the world.

Look at the young men and women who are not only on Wall Street, but every small and big business in America. Look at our fundamental underpinnings of our economy and the fact that, still, every innovation in the cutting edge of high technology still comes from the United States of America.

Do we have challenges? Yes. I’m not looking through rose-colored glasses. We’ve got to continue education reform. We’ve got to do a better job on health care reform, fix these unfunded liabilities with Social Security and Medicare.

But I see no problem. I see no problem that we can’t surmount with the American people working together. And I see a very bright future for us in the information technology revolution which the world is going through today.

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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