Larry Kudlow, of CNBC and National Review, brings us this article in which he examines just how conservative candidate Romney really is. His argument is that the process of a long drawn out primary has been good for Romney, and has resulted in a candidate who is more focused and conservative. I hope that Kudlow is correct in this regard. We conservatives want to think the best of our candidates and we want Romney to be the real deal and not just a pretender who will morph into a liberal once the election is over. I remain cautiously optimistic given that it looks like Romney will eventually be the Republican candidate once this primary process comes to an end.
Kudlow also reports on how close Romney’s views are relative to the Ryan budget proposal and that we might actually get a supply-side economic plan if Romney is elected President and Ryan’s budget is a significant influence. And Ryan’s plan is actually better than has been reported if one takes dynamic scoring into account. The liberal economists in Washington and the Old Media do not like to admit the reality of the Laffer Curve. And thus they assume that changes in policy do not have corresponding changes reflected in the society as a whole. In other words, they think that we regular people in Fly-Over-Country do not change what we are doing when the Big Folk in Washington change the rules of the game.
But, of course, we do. And so, if we take actual human action into account, we get better results from things like cutting taxes and spending. People do, in fact, change their behavior when they think that there will be changes in the rules and when they think that they can benefit from them. They work harder, save more and invest more. That means more growth, more jobs, more profits for business, and a rising standard of living for just about everyone. And it also means that we can bring down the debt faster, which is good for the economy as a whole.
