CNBC Larry Kudlow -"De-Stimulate: To get America back to work, the tax-and-regulatory obstacles"

[TomCADem]

The Republicans gaining seats in 2010 will probably claim a mandate to re-instate the Bush anti-regulatory, tax cuts to the wealthy program that lead to the mess in the first place. Here is CNBC's Larry Kudlow still preaching the deregulatory gospel despite the financial implosion of 2008:

http://article.nationalreview.com/?q=ODRlZTZiN2ZjNDc5NjU4YWE0NmMzYWM3MmI0MjRhMmE=

After the arrival of a disappointing December jobs report, my thought on putting America back to work is simple: de-stimulate. That’s right. Get rid of the Obama stimulus monster, including the government takeover of health care, cap-and-trade, and all this nonsensical talk of creating green jobs. Get rid of the increase in marginal personal tax rates and capital-gains tax rates. Get rid of the payroll tax hike from the health-care talks. Get rid of the spending that is a counterweight to growth. Get rid of it, every part of it. It’s creating so much uncertainty that even profitable businesses are afraid to hire new workers and expand.

* * *
So my point is this: Get rid of all this government spending, taxing, regulating, and meddling. De-stimulate. Let us keep our own money as workers, small-business owners, and corporate employees. Stop any future tax hikes. Stop them. And bring down business tax rates for large and small companies, from 40 percent (federal, state, and local) to something around 25 percent. And take a cue from FedEx CEO Fred Smith, who wants to revive the manufacturing and transportation industries with immediate cash-expensing tax write-offs for investment in new equipment.

President Obama has talked about a zero cap-gains tax for small investors. But why not provide more capital access for everybody, small- and large-business investors?

In light of all the tax-and-regulatory threats, it’s too expensive to hire right now. So get rid of all the so-called stimulus plans and social policies to transform the government’s relation to the private economy. Remove these obstacles.

Now, even with an 85,000 drop in corporate payrolls in December, labor-market conditions are gradually improving, however slowly. Leading indicators like temporary-help workers, manufacturing overtime hours, and jobless claims are pointing to better job creation in 2010. But it’s painfully slow. And that’s why the tax-and-regulatory obstacles from Washington must be removed to speed up the employment-recovery process.

[Bigmack]

1. I haven't been happy with Pres. Obama's...

performance so far, but if that fucking moran Kudlow thinks Obama is on the wrong track.... well....

[gravity]

2. What did you expect him to say?

Larry Kudlow is a RW nutjob

[spanone]

3. they can claim whatever they want, they will still be the party of nothing.

[JDPriestly]

4. Starting with Reagan, Republicans have opposed every effort

to innovate, to move America ahead. As a result, we are behind in terms of our technology (yes, we are behind -- check out Germany, for example), education, health care accessibility, everything that can help us compete in the 21st century.

Meanwhile, Wall Street invests in "emerging markets," meaning any Hellhole just not the U.S.A.

As Wall Street sees it, patriotism is for the poor.

Unfortunately, President Obama is not being assertive about where we need to go. He can't seem to get really excited about much of anything.