Larry Kudlow gloats a little in NRO Financial today.
"Just two weeks since the passage of President Bush's tax cut -- one that strengthens economic incentives by raising after-tax investment returns by over 40 percent -- the bellwether Dow has gained more than 400 points.
"Once again, liberal negativists are being proven wrong. They were wrong when the economy quickly lifted-off following the passage of the supply-side John F. Kennedy tax cut in the 1960s and the big Ronald Reagan tax-rate reductions in the 1980s. They were wrong again when a cut in the capital-gains tax rate powered technology investment in the second half of the 1990s.
"And they are doomed to repeat their failed liberal thinking once more today."
On his TV show (the BEST TV show), Kudlow & Cramer, last night, it was a feeding frenzy: both hosts are bullish and they brought in three guests who are all going long. It made me want to pawn some guitars and buy Merck. The Pharmaceutical sector is up 40% this year. See my column on Dr. McClellan.
Things are looking up -- take it from a down-and-out dot com-er, Free markets will roar again.
I live in Orange County California and was disappointed to learn the Kudlow & Cramer tv show on weekdays at 8pm on SNBC in my area is no longer shown at that time. Can you tell me how I can obtain Kudlow & Cramer's email address so I can voice my openion on the change. I enjoyed their program very much and have learned a great deal through them.
Thank you for your help,
M. Villegas
Posted by: Mando Villegas at January 23, 2004 05:04 PM