Monday, April 09, 2007

And the award for "Best Economic Expansion" goes to...

In an article I found while perusing the Drudge Report this morning, spokesmen for both the Bush and Clinton administrations are trying to claim the title of "Best Economic Expansion by an American Economy". Thankfully, the responsible journalist got a third party view from Larry Kudlow. Here's his spot-on summation.

Kudlow said neither Bush nor Clinton have fundamentally transformed the U.S. economy in the way that former President Reagan did a quarter century ago. He credited Reagan's economic reforms for growth in the Gross Domestic Product in 93 of the last 98 quarters.

"Since the early Reagan years, we have had 25 years of virtually uninterrupted prosperity," Kudlow said. "Because of the Reagan reforms - the deregulation, the lower taxes, the disinflation - we have transformed the economy from a top-down, government-run operation into a free market, capitalist economy with durability and resilience."
Yet another win for the Gipper.

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