Since our nation’s first vice president took his oath of office in 1789, the office in which John Adams labored under the shadow of George Washington has been much maligned. Despite the scorn that has been heaped upon this second highest office in the land, 14 of its alumni have gone on to become presidents; and every four years there recurs a mad scramble in both major political parties to secure the number two spot on the national ticket.
A Saturday Evening Post reporter asked, in 1932, John Maynard Keynes if there had ever been anything like the Great Depression. Keynes replied, “Yes. It was called the Dark Ages and it lasted 400 years.” While the Great Recession is not so severe as was the Great Depression, it begins to appear that the world is enduring something that could be called “The Little Dark Age.”
Within minutes of Paul Ryan concluding his convention speech in Tampa, Fla., the media attacks were launched. Why, the man is loose with the facts! He only spews vitriol and nonsense.
The Democrats and their mainstream media cheering section can huff and puff at Paul Ryan's convention speech, but they can't blow his house down. It was built on a solid foundation. So powerful was the speech that the liberal establishment is reduced to wailing about alleged lies the speech contained -- dishonest and easily refuted allegations.
Romney seems to be modeling his economic policies after Reagan’s plan that created nine and one half million jobs his first four years, and twenty-one million in eight years.
Republican presidential nominee Mitt Romney has to do two things really well at his convention: Lay out in dramatic terms how bad the Obama economy is, and demonstrate that he is the candidate who can fix it.
Is America in decline? Do we need to lower our expectations, aspire to lead from behind or not at all, and warn the kids of tougher times to come? Or are America’s best days still ahead?
On last night’s Kudlow Report Paul Ryan talked to me about pro-growth policies and the American idea. He defended his Medicare option as a bipartisan plan going back to the Clinton era.
Mitt Romney is about to accept his party's presidential nomination in a shower of -- no, not confetti and red-white-and-blue balloons -- but questions about his taxes. Naturally, he complains that all this ginned-up furore over his personal finances is just a distraction from real issues facing the country, mainly the sluggish state of the economy and persistent unemployment. And says he'd really like to get back to talking about substance.
Here they go again. Even before Mitt Romney’s choice of Wisconsin Rep. Paul Ryan as his running mate has been formalized at the Republican National Convention in Tampa next week, the Democrat drive to scare seniors by raising the specter that the GOP – led by Ryan - will eviscerate Medicare, has moved into high gear.
When Ronald Reagan was elected president the Dow Jones Industrial Average hovered around 1,000 (less than 2,800 inflation adjusted) — and had dipped, under President Carter, as low as 759. Unemployment stood at an unacceptable 7+%. The Soviet Union was aggressive, bellicose, and, in the eyes of the Western policy elite, could be but contained, not challenged. At the end of Reagan’s eight years in office, the Dow had tripled in value, on its way much higher. Job growth was vibrant. The USSR was well on its way to dissolution.
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