Here's an interesting read from major Supply Side guy Larry Kudlow. It seems he's turned into a major believer that not only is the economy recovering, we even are in for a bit of a boom.
Now, having said that, he's unwilling to credit the Administration for it (why am I not surprised), but nevertheless acknowledges that recovery IS coming and it's likely to be FAR STRONGER and arrive FAR QUICKER than most pundits think - certainly more so than the "Doom and Gloom" crowd on this board do.
"In fact, it is coming back. In 2009, the stock market had one of its greatest rebounds in history. And in 2010, we’re likely to witness a mini boom in economic growth.
If you believe in miracles, as I do, this looks like a miracle. If you have faith in free-market capitalism, as I do, then somehow this faith is being rewarded by a more durable and resilient free-enterprise capitalism than many of us thought possible only one year ago.
If you believe in the supply-side model of growth, including low marginal tax rates, a reliable King Dollar, and limited government, yes, you have very little to cheer about. Yet market-based forecasting variables are all pointing to a stronger-than-expected economic rebound in the new year."
Kudlow's Money Politic$
Hey, I've been saying this ALL ALONG - and now even a well-known Supply Side booster is admitting it's true.
Ken
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