Larry Kudlow bullish on Romney

And persuasively so.

On economic policy, he would limit the government budget to 20% of GDP, slash $500 billion in his first term, and restrain Medicaid, food stamps, and other entitlement transfers before block-granting them to the states. His Medicare reform is near identical to the Wyden-Ryan approach. He’s for a true, all-of-the-above energy policy that would take the regulatory handcuffs off drilling on federal lands. He would repeal Obamacare. He has come up with a supply-side tax cut that lowers marginal rates by 20% across-the-board and drops the corporate tax to 25%.

These are very conservative positions. One can seriously ask whether Romney isn’t the most conservative presidential candidate since Ronald Reagan.

None of this penalizing success:

Romney made it clear that economic freedom is the key to the American economy. He said, “The history of the world has shown that economic freedom is the only force that has consistently lifted people out of poverty.” He added, “The genius of America is that we nurture these dreams and the dreamers. We honor them, and, yes, we reward them.”

Pause a moment on the idea of rewarding the dreamers. This is a crucial difference with Obama, who wants to penalize the dreamers. Make a bunch of money and you’re gonna pay higher tax rates. It’s the class-warfare 1% versus the 99%. Tax the rich. Redistribute.

Nope.  In conclusion:

This is Reagan-like. This is Jack Kemp-like. This is Paul Ryan’s American idea.

This is, in short, profoundly conservative. An election winner.

 

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