One of the architects of the 1980’s Reagan boom has made an endorsement. Art Laffer, who invented the Laffer curve (which explains how tax rates increase or decrease revenue), has come out in support of Newt Gingrich. This gives Newt a huge boost among Economic Conservatives at a time he’s under assault from the Rockefeller Progressive Wing of the GOP and the Ron Paul cult. He praises Newt’s economic and fiscal stewardship during hos Speaker-ship. The truth is that the Newt Gingrich Congress was the most economically and fiscally Conservative congress since the 1920’s. Laffer gives Newt his blessing.
Arthur Laffer, the architect of Ronald Reagan’s economic plan, announced today that he is endorsing Newt Gingrich for president.
“Newt has the best plan for jobs and economic growth of any candidate in the field,” said Laffer, the renowned economist who is the father of The Laffer Curve and supply-side economics.
“Like Ronald Reagan’s tax cuts and pro-growth policies, Newt’s low individual and corporate tax rates, deregulation. and strong dollar monetary policies will create a boom of new investment and economic growth leading to the creation of tens of millions of new jobs over the next decade,” Laffer declared. “Plus, Newt’s record of helping Ronald Reagan pass the Kemp Roth tax cuts and enacting the largest capital gains tax cut in history as speaker of the House shows he can get this plan passed and put it into action.”
Read the rest: Economist Laffer Endorses Gingrich
What amzes me is that except for Ronald Reagan, the GOP has not nominated an Economic/Fiscal Conservative. Every GOP candidate has been been an economic and fiscal Progressive. For Economic/Fiscal Conservatives Art Laffer is practically a Saint. He help engineer one of the greatest booms in American history. The Reagan boom help laid the foundation for the great economic growth and prosperity that lasted until 2000. We really need something approaching that today.
Another notable Economist endorsing Newt Gingrich is Thomas Sowell.
There are no guarantees, no matter whom the Republicans vote for in the primaries. Why not vote for the candidate who has shown the best track record of accomplishments, both in office and in the debates? That is Newt Gingrich. With all his shortcomings, his record shows that he knows how to get the job done in Washington.
Mitt Romney, who the Establishment is pushing at costs, is a Progressive. He supports Occupy Wall Street and a Euro-Socialist VAT tax. If he is the nominee, 2012 will be the 7th Presidential election in which Economic and Fiscal Conservatives are not represented. We need to stop that, for the sake of our country.
Tags: Art Laffer, Economic Conservatism, Fiscal Conservatism, Laffer Curve, Newt Gingrich
