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Sunday, March 01, 2009
 
Since I had pretty good luck picking McCain as the ultimate GOP winner, I'm going to get out of the box really early this time. The next Republican presidential candidate will be Newt Gingrich. The Clinton's effectively demonized him pretty badly back in 95 and 96, but by the time of the 2012 race, very few Americans will remember that.

I'm not saying Newt's my guy, but the man talks about ideas and communicates pretty effectively why conservatism works. It's Newt-Jindal in 2012. You read it here first.

Here's Newt's CPAC speech:

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The one thing I would highlight is his use of "Bush-Obama" to talk about the rise of bigger government. I have a lot of respect for Bush's steadfastness in winning the war -- he stood alone. But when it comes to the size of government, he was no conservative. I think that's an interesting angle for Newt to be taking and I think, for those conservatives frustrated by the failure of the last administration to control spending, it'll be well-received.

As for those who continue to argue that tax cuts were used to "starve the beast" and deprive the federal government of revenue. This chart shows the impact of the 2003 tax cuts on federal revenues, which increased from about 2 trillion to 2.5 trillion (they had dropped to 2 trillion as a result of the recession and September 11). Federal spending, of course, continued to increase regardless. So much for starving the beast.

Note also that, as Bob Krumm points out, the Democrats decision to block the Bush budget in late 2009 means that they, not Republicans, own the 2009 deficit. We'll see whether all this "investment" translates into economic prosperity.

Does anyone really believe that a $1 trillion tax hike is going to help the economy? It sure makes me feel like investing and starting up a business! Punishing the rich might feel good for a while, but since they do most of the risk-taking and investing that creates jobs in this country and eventually, well, the chickens will come home to roost.

As our friends on the left are fond of saying: elections have consequences. My sense is the 2010 is gearing up to be quite consequential.


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