Larry Kudlow on CNBC:
Let me be very clear on the economics of President Obama’s State of the Union speech and his budget.
He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds.
That is the meaning of his anti-growth tax-hike proposals, which make absolutely no sense at all — either for this recession or from the standpoint of expanding our economy’s long-run potential to grow.
Noteworthy up here on Wall Street, a great many Obama supporters — especially hedge-fund types who voted for “change” — are becoming disillusioned with the performances of Obama and Treasury man Geithner.
There is a growing sense of buyer’s remorse.
Well then, do conservatives dare say: We told you so?
I’ve been saying “I told you so” since before the election.
Were we really offered an alternative? McCain wasn’t fiscally conservative or Libertarian enough for me so I voted even further to the right. I don’t even regret it.
The GOP needs to figure out they can’t out-commie the Democrats, they need to offer a real alternative. For the sake of the country I hope they figure it.