Monday, November 03, 2014

Kudlow: GOP Win Will Launch Return To JFK-Reagan Economic Model

by JASmius



Not really, Larry.  More like it will launch all the House-passed supply-side-, growth-oriented legislation through the Senate (whatever the Democrats can't manage to filibuster, anyway) and all the way to Barack Obama's desk, where they'll all die instead.  A fact that The One will turn around on us and use to lay the groundwork for a winning Elizabeth Warren 2016 presidential candidacy, assuming that O decides to bow out after only two disastrous terms.  Especially if Wisconsin Governor Scott Walker goes down tomorrow, as that will leave no viable conservative candidates left on the GOP's presidential bench.

But it will, nevertheless, still constitute progress.  Technically.  Of a sort.  Just not anywhere close to where you're evidently expecting:

Election Day will produce a new Republican Congress, or so the latest polls tell us.

If so, the huge losses for the Obama Democrats — both in 2010 and this year — will have come in large measure from the economic failures of a party that has moved radically left over the past twenty years.

What about 2012, Larry?  Barack Obama re-elected, Dems pick up two Senate seats and ten or so House seats.  An endorsement of Obamanomics, ObamaCare, six trillion dollars of debt, his multiple anti-capitalist jihads, among other things.  You can't play up 2010 and 2014 as being driven by the Dems' "economic failures" (which they consider to be economic successes because of which party was further empowered by them) and gloss over the election in-between that endorsed each and every one of them.

Hillary Clinton just argued that corporations and businesses don’t create jobs, and that a higher minimum wage and other government actions do. It showcases just how far the Democrats have moved left since her husband, working with a Republican Congress, launched pro-growth supply-side policies like free trade, welfare reform, lower investment tax rates, limited spending, and a strong dollar.

"Her husband" didn't "work with a Republican Congress," Larry.  Bill Clinton worked with a Democrat Congress in his first biennium to do everything Barack Obama did with his; Mr. Bill simply didn't succeed like Red Barry did, and after his party's 1994 blowout, he forgot about the Marxist-Alinskyist cause and wandered off to diddle interns and let Newt Gingrich and Bob Dole and Trent Lott run the country for the ensuing six years, and glommed all the credit for the "pro-growth supply-side policies like free trade, welfare reform, lower investment tax rates, limited spending, and a strong dollar" that they, and not Sick Willie, "launched".

The Democrats, in other words, haven't "moved left" since 1992; they were always on the extreme left.  The only thing that's changed about them is that the Clintonoids kept that radicalism cloaked, while the Obamunists have gone out of their way to flaunt it.  The fact that The One did so and still got re-elected indicates just how far the American electorate has moved left over the past couple of decades.

Unfortunately, the free-market model has largely been discarded in recent years — not only in the U.S., but around the world — as Keynesian spending, over-regulating, tax-the-rich redistribution, and berserk money have come into vogue.

It’s all wrong. The poor results show it.

Even though "We, The People" keep voting for it.

A Republican victory on Tuesday won’t change this.

Don't say that within Tea Party earshot, Larry, or none of them will show up tomorrow.

But the GOP can make an early start on free-market energy reforms....

Veto.

....lower corporate tax rates....

Veto.

....holding back the regulatory tide....

Veto.

....and knocking down some Obamacare tax hikes.

Veto.

Republicans can also continue the war on overspending.

And the GOP Senate and House will cave and give King Hussein whatever spending he wants and more.  I think you underestimate just how liberating losing the Senate will be for Barack Hussein Obama, Larry.  You've got to stop thinking of this man as a conventional American president.  America isn't the only thing he's "fundamentally transformed".  He is no "lame duck," not by a long shot, and almost the entirety of the Right is going to be shocked and outraged (yet again) at how much they've mis-pegged and underestimated him.

This is, of course, not to say that a GOP Congress shouldn't make the ol' college try:

If nothing else, a new Republican Congress must message clearly that the U.S. will stop the recent leftward economic lurch. It’s not hard to pinpoint what’s gone wrong, propose positive solutions, and argue that the economic ship can be righted fast.

Indeed.  I completely agree.  Just remember that "messaging" isn't the GOP's strongest suit.  That this economic ship, rusting on the bottom of the economic "ocean," like the Titanic, cannot be righted "fast," particularly with Barack Obama and substantial Donk minorities fighting a scorched earth rear-guard action.  Or, more likely, Barack Obama ruling entirely by decree and revealing Congress to be the powerless, ceremonial rump body to which he's reduced it.  And, finally, that the Dems are far more likely to turn that pro-capitalist messaging against us in 2016 and sweep Elizabeth Warren in as The One's designated successor (assuming he voluntarily departs).

But at least we can go down with the truth.  A cold comfort, but a comfort nonetheless.

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