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The State of the Union

Larry Kudlow [1] says in NRO today what I’ve been saying for months:

With rising home prices, family net worth has surpassed the record reached in early 2000. The same holds for the market value of all U.S. mutual funds. This is an impressive set of prosperity achievements. Meanwhile, the American economy is flourishing, even while anti-war old Europe is stuck in recession. Spurred by a strong dose of supply-side tax cuts and easy interest rates, consumer spending, business investment, housing, and exports are all rising rapidly.
And despite what the media says, more Americans are working than ever before, according to the Labor Department’s household survey. The unemployment rate has fallen from 6.3 percent to 5.6 percent as small business start-ups, the self-employed, and independent contractors are responding to lower taxes.

Pessimism and carping are for naysayers, as Sen. John Kerry reminds us each day. Kerry lacks the fortitude, patience, and vision to wage an effective war against al Qaeda and the other terrorist networks. He would place our national security in the hands of the UN — or worse, he would allow leaders in old Europe call America’s security tune.

On the economy, Kerry’s the true Herbert Hoover candidate. His pledges to raise taxes and tariffs are the exact Hooveresque mistakes that turned a mild recession into a deep depression in the 1930s.

Kudlow’s point as regards Kerry’s reliance on the UN is well taken, particularly in light of the Oil-For-Food corruption.