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National Review
MoneyNational Review: Financial News

No Less Than a Special Counsel

From National Review

An independent special counsel with subpoena power is the only possible solution to the IRS mess. This counsel must find out exactly what happened and who was involved, and then come up with a fix so it never happens again. Read my full column here. ... Quick Read

Immigration Reform Is Pro-Growth

From National Review

At the end of the day, the battle over immigration reform is not about dollars and cents. It?s about the soul of a nation. President Reagan reminded us that America must remain a ?beacon? and a ?shining city on a hill? for immigrants who renew our great country with their energy while adding to economic growth and prosperity. And here?s a quote from Jack Kemp: ?Americans and immigrants share the same value of work, family, and opportunity. There is no reason to fear the newcomers arriving on ... Quick Read

Cruz: Government Shutdown Is on the Table

From National Review

Last week on The Kudlow Report, I asked Republican Senator Ted Cruz if he'd go with a government shutdown if it came to it on the debt-ceiling debate. His answer: “I think we have to be prepared to go so far as to shut the government down — if we don’t get some serious policies to stop the out-of-control spending, to tackle the debt, and to get economic growth.' It was a bold statement. Watch the full video here: ... Quick Read

One Cheer for the Cliff Deal

From National Review

One cheer out of a potential three is all anyone can logically give the fiscal-cliff deal. On the day after the bargain was clinched, the stock market gave a 300-point cheer. So be it. In the short run, extending tax cuts up to $450,000 probably saved us from a recession. If all the tax cuts had expired, we’d have a $500 billion tax hike, plus marginal rate increases, and that would have sunk the economy. So I’m going to bet that the big stock rally was a sign of relief that the ... Quick Read

April Jobs Aside, We?re Falling Behind

From National Review

The really good news from April?s employment report is that all the pessimistic, end-of-the-world, spring-swoon forecasters were wrong. It wasn?t a fabulous report. But it handily beat Wall Street expectations. Stock markets soared on the news. The bad news, however, is that the U.S. continues to fall further behind its own long-term trends for jobs and economic growth. And lately, hours worked ? a key labor measure ? have begun to fall.  Read my full column here. ... Quick Read

Mitt?s Tax-Cut Mulligan?

From National Review

For some unknown reason, Mitt Romney dialed back his tax-cut plan yesterday, the same day new reports showed incomes are dropping. Last month, median household income fell by about $500, and since Obama became president, income is down over $4,500. But under Mitt Romney’s 20 percent tax-cut plan, if he truly believes it and follows through with it, a married couple making $70,000 a year would save over $2,000. And take-home pay for a middle-class married couple earning about $140,000 ... Quick Read

Go on Offense, Mitt

From National Review

Free advice is, well, free advice. But I would say this to Governor Romney: In your gentlemanly fashion, get on the offense quickly tonight, and put President Obama on the defense. Play the leadership card: “No leadership on the anemic economy. No leadership on the grand-bargain talks with Speaker Boehner, where a great opportunity was blown with your last-minute $400 billion tax hike. No leadership on Simpson-Bowles. No leadership on the credit downgrade. “And no leadership on the ... Quick Read

Sell-Off Presents Market Opportunities

From National Review

The S&P fell for the fourth day in a row on Wednesday as investors fearing a rough market ahead ran for the exits. But if you’re among those sellers running for the sidelines, you may be making a big mistake. For the first time, I feel comfortable enough tell you that Mitt Romney is going to win big. And I firmly believe Mitt Romney is about to usher in a new era — a Reagan-like, economic-growth revolution. His tax-reform plan alone will drive the economy into ... Quick Read

Is Obama Buying the Election with His Welfare Explosion?

From National Review

  With the unprecedented budget explosion of means-tested, welfare-related entitlements, does Team Obama think it can buy the election? It’s a cynical question. But I wouldn’t put it past that cynical bunch. Read my full column here.  ... Quick Read

Obama?s Little Plan

From National Review

Under pressure from Mitt Romney, President Obama has finally released his own policy vision for a second term. And yes, it’s the same old, same old. Some are calling it a second first term. There isn’t a single true economic-growth incentive in this scant plan. There’s no serious spending, deficit, and debt reduction, and no attempt to solve the Social Security and health-entitlement problems, which are moving us toward bankruptcy. Nothing. Nada. But before getting into the ... Quick Read

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