Larry Kudlow asks important questions:
President Obama thinks his "remoteness and detachment" are the problems. This is nonsense. Obama's tax hikes and spending explosion are what caused the populist tea-party revolt that was punctuated by Scott Brown's extraordinary victory.And that leads to the next question. Are the Republicans listening? Do they really understand why Scott Brown was victorious? If they do, why aren't members of the Republican leadership loudly campaigning for an end to tax hikes, just like Scott Brown?
The cornucopia of tax hikes currently on the table includes higher levies on capital gains, top earners, dividends, investment (via the payroll tax), carbon, millionaires, banks, stock transactions and estates (via the death tax). It's a long Democratic wish list of anti-growth policies, and Scott Brown's triumph should signal the end of it. But it won't happen unless GOP congressional leaders make a big deal about it.
Not optimistic about the old guard at this point.
Posted by Alan at January 23, 2010 01:19 PM