jk + L.K.

It's okay. Larry Kudlow and I are back in the same fold. In NRO Financial, Lar pens a brilliant and characteristically upbeat piece on the Bull market and the recovery we are in right now.

The economic story has quickly gone from blah to rosy, and the Bush tax cuts implemented this past summer provided the turning point. After three years of investment drag, stock market decline, profit downturn, and business recession, lower tax rates on high-income earners, dividends, and capital gains -- along with faster business depreciation write-offs for the purchase of new equipment -- sparked the growth that is now developing.
[...]
Give credit to President Bush for his unrelenting pursuit of pro-growth tax incentives. Also tip your hat to House Ways and Means chair Bill Thomas, who crafted supply-side tax-cut legislation against all odds.
[...]
The only people who don't get this are the nine Democrats running for president. They have presented a relentless vision of pessimism that is at loggerheads with both the American spirit and the new economic reality. Their platform of tax-cut repeal is a platform of prosperity rollback. It won't work. Pessimism never does.