Tuesday, April 8, 2008

News flash: Conservative economist Larry Kudlow would support a war tax!

Ok, well, he didn't come out and say it, but take a look at a couple of passages from his most recent blog post on the execrable "The Corner" blog over at National Review:

Surprise, surprise. Having failed to penetrate General Petraeus’s story about the great improvements on the ground in Iraq, liberals are now trying to make the case that the cost of the Iraq war may have somehow undermined the economy, and even caused the current slowdown. What complete and utter nonsense.

First point: The U.S. has spent roughly $750 billion for the five-year war. Sure, that’s a lot of money. But run the numbers and the total cost works out to a miniscule 1 percent of the $63 trillion GDP over that time period. It’s miniscule.
Ok, got it. $750 billion over five years is "miniscule."
Perhaps the anti-war forces should recall the portion of John F. Kennedy’s inaugural address, where he called on Americans to pay any price, and bear any burden, in order to preserve freedom, liberty, and democracy. Do these folks actually think 1 percent of GDP is too large a price, too heavy a burden? I sure hope not.
You heard it here first. Larry Kudlow, one of the most conservative/brain-dead economists in America, thinks that a $750 billion war tax over 5 years is a small price to pay for freedom. Pretty incredible news. I only hope that President Bush will follow his suggestion.