From New York Magazine:
Today, in an interview with Jim Tankersley, Kudlow provides the updated version of his theory. Kudlow’s biggest problem is that the United States recently had a president who closely followed his economic prescriptions, and the result was a mediocre recovery with stagnant wages culminating in a worldwide economic meltdown. Does this in any way cut against Kudlow’s belief in the stimulative power of marginal tax cuts? No, no, Kudlow explains. According to Tankersley, “Kudlow blames President Obama and his GOP predecessor, George W. Bush, for expanding safety net programs and discouraging work."
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