Over at the NRO, Larry Kudlow comes up with this gem
Hillary’s been out proclaiming her government redistributionist message of “shared prosperity.” Her growth-paralyzing solution? Increase taxes on Americans making more than $200K a year. This is France before Sarkozy stuff.
Incidentally, Hillary’s tax hike plan would slaughter somewhere around 25 million small, owner-operated businesses. How’s that for sound economic policy?
A couple of quick thoughts. Larry, bubbelah, it's tough to accuse Sen. Clinton a growth paralyzing solution when we have almost no growth at all. That's right chief, our GDP grew at .6% in the first quarter this year, the worst growth in four years.
Must be all those tax increases Bush has passed. What's that you say, George Bush has only passed tax cuts. Hmm, you mean with all those tax cuts we have almost no growth? Wow, without growth from those tax cuts, all we are left with is a crippling deficit. But that's the kind of policy Larry loves.
Economic growth slows to a near halt
By JEANNINE AVERSA AP Economics
WASHINGTON (AP) -- Economic growth skidded to a near halt in the first quarter, with the worst showing in more than four years raising concerns about how long the country's sluggish spell will last.
The Commerce Department reported Thursday that gross domestic product increased by just a 0.6 percent pace in the January-through-March period, much weaker than estimated a month ago. Government statisticians slashed by more than half their first estimate of a 1.3 percent growth rate for the quarter.
Second point is pretty simple. We heard the same kind of dire predictions about a Clinton tax increase in 1993. Didn't happen. Republicans were wrong then. No reason to believe that they are right now.
So to sum up, Clinton passes tax in 1993, Republicans claim the sky will fall, and yet we had growth. We are in year 6 of Bush tax cuts, and we have no growth. But Larry Kudlow would have you believe that his way is the best way, regardless of the facts.