Kudlow is a RINO

July 10, 2010 | Ada Gray

[AdaGray]

On his radio show today, Larry Kudlow fell prey to his RINO elitist tendencies and gave Geitner credit for a lower capital gains tax than anticipated.

[Always A Marine]

How can Conservatives ever win as long as our own Commissars expend more effort executing imperfect allies than they do fighting the real enemy? Kudlow is a an economist, and a very effective advocate for supply-side economics. Like many experts in specialized fields, his focus might be narrower than yours, and his opinions on some matter might differ from yours. But a RINO?

I'm all for ousting as many true RINO officeholders as we can in the primaries (like Bennett, Inglis and McCain), but commentators who agree with us 80% of the time are still our allies and friends. I just hope there are enough allies left to fight the Democrats this Fall after some of us finish shooting their friends.

[Siena Dreaming]

If this gets out to the left-wing, it will severely infuriate them and dampen their voter turnout.

Kudlow may be crazy like a fox.

[SunkenCiv]

• Artist's Rendering Of Ben Bernanke's Desktop
• Unions Violating Disclosure Rules
• Economic Numbers Hurting Obama
• Sixteen reasons to vote the Marxist Democrats out
  while something is left of our economy

[plain talk]

Yes I fully agree with that. My comments were not necessarily directed at you but this idea some have of idealogical purity checks of everything from the music we like to the stores we shop at to our investment advisors. Its nuts.

[Ernest_at_the_Beach]

Good points.

[woofie]

I would be interested to hear in your opinion on other subjects which you also know nothing about.

That is a wonderful line ....I might have to steal it

[Ernest_at_the_Beach]

Thanks for the ping.

[Moonman62]

Kudlow has always been a little too deferential to the establisment for my taste.

Like Peggy Noonan, he does kiss the butt of whoever is in power, but Kudlow does favor Republicans.

[Moonman62]

Overall capital gains taxes are much lower these days, because so few people have them.

[Thermalseeker]

No amount of tinkering with tax rates or putting more low interest loans out there addresses this greater problem.

I never once mentioned anything about "putting out more low interest loans". I mentioned venture capitalists, not low interest lenders. Huge difference. I would suggest that you start and run a company with 150 employees that has international scope, as I did for more than 20 years. Perhaps then you would fully understand the burden placed on small business by gubmint. There is no better teacher than experience......

[Thermalseeker]

Business aren't going to close up their newly built off-shore manufacturing plants to move back to the US just so they can keep fractions more of their profits, especially when the operating costs in the US eat up MUCH more than the reduced tax rate would free.

In this sentence you vividly illustrate the exact kind of narrow minded thinking that is destroying the business climate in this country. Many people I encountered in business operate under the same false premise that the market is static. Gubmint certainly seems to think the goose will always be there laying golden eggs no matter how bad they make conditions for the goose. The truth is the market is not static. The market is always changing. Successful companies know this and that is one reason many are fleeing to more inviting places, not only international, but interstate as well. Business is not just fleeing the USA. Business is fleeing high tax/high expense places like Michigan, California, New York, and New Jersey for right to work/lower tax places like Mississippi, Alabama, Georgia, Texas, and South Carolina. All these companies, whether moving interstate or international are moving for the same reason: the cost of doing business. Labor is traditionally the single greatest expense encountered by business. It's an expense that is not easily altered. Taxes represent another large portion of the expense any business faces. Taxes are self imposed and can easily be changed if there is the will and understanding.

New products and services are constantly being developed. Look at the multitude of products and services that are now available that did not exist just 10 years ago. I could list a hundred off the top of my head without even trying hard. Sometimes these products are conceived by existing companies, sometimes by start ups with venture capital backing or partnership and sometimes by people tinkering in their garage using their own funding. Many manufacturing jobs, such as textiles in the south or auto manufacturing in the north have indeed left and left for good or are in the process of doing so. That does not mean that by creating a favorable business climate here in the USA, on par with other industrialized and semi-industrialized nations where our manufacturing base is going, that you wouldn't invite the old players with new ideas, new players with new ideas and wannabe players with new ideas to put down roots in the USA. Many US based companies thought Venezuela was a good place to invest, but look what happened. The USA has the infrastructure, stability, and by and large an educated work force. Our confiscatory taxation at every conceivable level, local, state and Federal, and to a lesser extent regulation, are, without a doubt, what is driving business off shore. The same phenomenon is happening in a micro-economic sense within the USA with all the companies that are fleeing California or Michigan or New York or New Jersey for southern states where the cost of doing business, primarily due to taxation, is less. The principles in play are exactly the same.

[plinyelder]

Coming late to the thread, (07/24) .. Just heard Kudlow on his program .. “Excoriate” the Fair Tax idea!

I’d LOVE to hear Neal Boortz debate this .. So Called ‘Expert’!

[plinyelder]

Coming late to the thread, (07/24) .. Just heard Kudlow on his program .. “Excoriate” the Fair Tax idea!

I’d LOVE to hear Neal Boortz debate this .. So Called ‘Expert’!

This guy, Kudlow is an 'idiot'!
All he has done on his show today (07/24) is to praise Geitner and how "Everything" looks Great for future Economic growth!

(wonder if this 'Expert' would debate Boortz on the Fair-Tax?) Yea .. Right!!

[JonPreston]

Larry Kudlow is the epitome of a Country Club Republican