Larry Kudlow and Art Laffer are bullish on Newt
The architect of the Republican Party's tax policy orthodoxy
comes out for Newt:
“The purpose of economic policy is growth, jobs, and prosperity,” supply-side founder Art Laffer told me today. As such, Laffer has endorsed Newt Gingrich and the Gingrich 15 percent flat-tax plan, which includes the 12.5 percent corporate-tax reform. “It’s nothing against the other candidates,” Laffer said. “But Newt’s plan is right, and therefore endorsing him is the right thing to do.”
Laffer is concerned with the fact that Mitt Romney has no tax-reform plan, and he worries that Romney doesn’t believe in the incentive model of economic growth. “He’s a good man,” Laffer said. “And he would make a good president. But he needs a bold tax plan.”
...and Larry Kudlow thinks it is great news:
Now, if Gingrich can stay on message, and stick with supply-side solutions for growth, jobs, and prosperity, he could still bounce back over the next five days. But he must be disciplined and stay on message.
I'm actually not surprised that Laffer and Kudlow think Newt Gingrich is a viable presidential candidate. If they're dumb enough to believe tripling down on the failed Bush tax cut policy will grow the economy, there's nothing they can't be convinced of.