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Face Reality Conservatives, Economy is Cyclical and Recovering

Larry Kudlow 23 April 2010 No Comment

Sometimes you have to take your political lenses out and look at the actual economic statistics in order to gauge whether we’re on the road to recovery or not. Without getting personal, I’m watching many of my friends on certain cable stations attempt to trash the March employment numbers released last Friday. Don’t do it, folks. The numbers were solid.

What’s my point? Credibility. Conservative credibility.

No one has written more about the future tax-and-regulatory threats from the big-government assault of Obamanomics. But most of that is in the future. The current reality is that a strong rebound in corporate profits (the greatest and truest stimulus of all), ultra-easy money from the Fed, and some very small stimuli from government spending are all working to generate a cyclical recovery in a basically free-market economy that is a lot more resilient than capitalist critics would have us believe.

So conservatives should not lose their cool and blow their credibility over a cyclical rebound that is backed by the statistics.

Read more at Tech Central Station

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