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‘Recession,’ Stocks & the Fed

People who believed in the Bush boom and got into the markets when the president cut tax rates in 2003 have done very well. If you read NRO and have bought into the ideas of Larry Kudlow, Art Laffer, Steve Forbes, Rich Karlgaard, Brian Wesbury, Don Luskin, and yours truly, you made money. If you bought into the leftie doom-and-gloom scenario of Paul Krugman et al, you missed one of the great wealth-creation events in modern history. Bush proved, once again, that Reaganomics isn’t just theory — it really works. It works when Republicans like Calvin Coolidge use it. It works when Democrats like JFK and Bill Clinton use it. It even works when Russia and China use it...

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