Larry Kudlow approaches 2015 with significant optimism. He explains why in a column posted at the Daily Caller.
Politics and the economy are both looking up. President Obama’s big-government spending, planning, and executive-branch overreach were crushed at the polls. Elections matter. The GOP has been rejuvenated. Republican governors will lead the way. And the Republican majorities in the House and Senate haven’t been this big since the 1920s. They know what to do — develop a positive agenda: Pro-growth tax reform and spending limits. Pro-energy. Pro-King Dollar and Fed monetary reform. Pro-health-care choice. Pro-immigration reform. Pro-marriage. Pro-family.
An American renaissance is in the making. Let the GOP put its best policy foot forward. If Obama vetoes the growth reforms, so be it. The 2016 agenda will be set for a Republican presidential victory.
So why can’t 2015 be an optimistic year? The psychology of pessimism and negativism that has engulfed America for so many years can melt away.
Retiring senator Tom Coburn recently told me that America is a better country than it is showing. I believe we are now poised to show it.
Inside the economy, things are looking better. Thanks to the fracking revolution, free-market forces have led to a halving of oil prices, to the enormous benefit of consumers and businesses. While our production cost structure for goods and services has plunged, America has become much more competitive.
