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Politics : Politics for Pros- moderated

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From: LindyBill7/26/2005 4:37:40 AM
   of 793843
 
Rove The Supply-Sider

By Kudlow Money Politic$

If by some distant chance, Bush advisor Karl Rove is pushed out of the White House by the Valerie Plame-CIA kerfuffle, it would be a great loss for pro-growth economic policies --and quite conceivably for the stock market and the economy as well.

This is not simply a political matter, even though the main stream media is playing it that way. In my interview with Mr. Rove last winter, he was the first senior official to come down against raising the social security tax wage cap. He referred to the US as an IRA/investor-class nation. In a speech at the Ronald Reagan Library, he praised the Gipper’s supply-side tax cuts and his vision of limited government. In a recent speech to the New York Conservative Party, Rove talked about the conservative reform agenda for ownership and entrepreneurship and market choice for consumers in retirement, health care and education.

In other words, while Mr. Rove is in fact a brilliant political strategist, he is also a strong policy thinker who understands that economic growth and optimism win elections.

He knows that investors comprise roughly two-thirds of the voting public. And he knows that lower taxes provide incentive to build wealth.

I don't think there's much to the case against Rove, but I’ll leave that to the grand jury. Instead, my point is the economic content in this controversy. Let's hope we don't lose a strong pro-growth White House advocate.
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