Who is this Larry Kudlow, another political hack journalist for the Obama team? Yeh, our economy looks very 'good' with it contracting and the only thing looking 'good' according to Kudlow is the soft side of it. A retired person on pension and social security intake of $30,000. pays in income taxes about $2400., and that includes some taxes on his/her social security. But expenses outweigh income. Home insurance is $2,000 etc. other bills account for $8,000. That leaves $1500. a month to live on. Good luck!