Friday, April 28, 2006

Free-market capitalism wins again

Even with higher fuel costs, the US economy does not seem to be slowing down. Larry Kudlow of the National Review takes a look at some of the reasons for such a successful economy.

No surprise, Kudlow finds, "lower tax rates, huge profits, big productivity, plentiful jobs, and an ongoing free-market capitalist resiliency," as some of the reasons for success.

10 comments:

Bank of America said...

NO!! The MULI BILLION DEFICIT (you know the money that Bush is BORROWING) to run the economy is why they are achieving what you want to highlight here. If you go out and live off borrowed money day after day you could live pretty well yourself BUT you will pay eventually. That is how Bush is running the US economy. Spend now (make sure no corporations pay taxes) and then let the average citizen get the bill ......eventually. Your arguments do not include this VITAL element.

Robert McClelland said...

Reality is about to hit you CTFers in the face like a two by four. Go read Garth Turner's latest offering. He's rumbling. So is Paul Summerville. So are a lot of other economists. The North American economy--perhaps even the world's--is a house of cards built on quicksand.

But you go ahead and listen to Crudlow. If you still have a pot to piss in after doing so consider yourself one of the lucky ones.

Shawn said...

Some folks need to ready a little economics. George W Bush does not "run" the economy. Let me guess, Paul Krugman is bemoaning the terrible US economy again? Sort of like Helen Thomas denigrating US foreign policy.

David MacLean said...

Fiss...yer a trouble maker!

tommy douglas said...

First, the lefties said Bush caused a recession, before he even had a change to do anything. Then September 11, and it was "jobless recovery."

Jobs kept growing. Teh economy kept going, despite the trade towers.

As Robert would say..people were grumbling.

Then there was Rita, and Katrina...and the economy kept growing, more jobs were created, inflation was low.

Still, Robert McLelland is calling it a house of cards.

What a genius.

Robert McClelland said...

Still, Robert McLelland is calling it a house of cards.

The yield curve is inverted, genius. And why do you rubes insist on politicizing economics?

R.S. Porter said...

Why do you insist on misconstruing economics?

Sask.Taxpayers Federation said...

That's what I like about our media. The Tories do one thing right and that's all we hear about.We don't here about the 20 scew ups. Ahh Democracy..........

The Austrian said...

These failure of the US economy chicken little prophecies are really becoming old hat now. Those waiting for laissez-faire capitalism to fail are gonna' be waiting for a long time...

Regardless, the only thing to worry about is further government intervention in the economy and/or reckless monetary policy by the central banks. More of that bull' and the naysayers will definitely get their long awaited Great Depression Mk. II.

Erik Abbink said...

Now let's wait how long the earth will be able to deal with our exploitation of it. Europe is make progress on a federal (and European) level to curb Global Warming. The US is the main contributor to this mess. But who cares when winning is all that matters?

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