The Republican hopefuls gather tonight at the Reagan Library for their first debate with 10 (ten!) candidates on stage - not to mention the potential candidates in the wings, Thompson and Gingrich, both of whom have greater support in the polls than any of the others except the Top Three. Naturally, Iraq will be a prime subject, but what about the economy? Larry Kudlow writes at The Corner:
So let me get this straight - earnings are up, ISM-manufacturing is up, ISM-services is up, productivity is up, factory orders are up, media stocks are up, the overall stock market is breaking records, household net worth is up, financial assets of individuals and corporations have increased vastly more than their liabilities, and jobless claims are way down. These are just a few snippets of continued economic prosperity.
There is no bubble. There is no recession. And with core inflation a mere 2.1 percent over the past twelve months, the Fed can declare victory and go home.The Dow is enjoying its best winning streak since 1955. It has risen in 21 of the last 24 sessions.
Read his whole post at the above link. Will the Republicans trumpet the good economic news, which is pretty much ignored by the formerly mainstream media (in stark contrast to the glowing terms with which they described lesser economic achievements under Clinton), and underline the fact that our current generation of virtually uninterrupted (only 5 negative quarters in the last 25 years) prosperity resulted from policies instituted by Reagan and continued by GWB?
And will they point out that Democrats opposed these policies at every single turn, seeking (and sometimes succeeding) to water them down, and that all current Democratic candidates would overturn the tax cuts and won't rule out new taxes, leading back to the Bad Old Days of tax 'n' spend?
They better - because you sure won't hear about it on The CBS Evening Snooze with Kutie Couric.
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Tags: debate, economy, presidential campaign, Republicans
