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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Reaganomics vs. Obamanomics

I'm sorry I didn't get a chance to post this yesterday when it happened, but it's worth watching, so I'm posting it today.

Yesterday afternoon on CNBC, there was a pretty substantive back-and-forth between CNBC host Larry Kudlow and Bruce Bartlett on economic philosophy.

Here's the back story on these two:

Kudlow worked in President Reagan's Office of Management and Budget and was part of the Bush-Cheney transition team. His free-market bona fides are unimpeachable and his supply-side beliefs are like his legendary collection of ties: bright and right in front of you.

Bartlett was once a supply-sider, having worked for Reagan and Jack Kemp. Click here to read an interview he gave to my colleague, Ezra Klein, last summer.

Since then, though, Bartlett has become a lapsed Reaganomocist (word?), saying that supply-side economic tools, such as tax cuts, won't fix this crisis.

Kudlow and Bartlett have known each other for 30 years, but that didn't stop them from mixing it up a little yesterday.

If the video does not appear below in your browser, click here to go to the CNBC site.











-- Frank Ahrens
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By Frank Ahrens  |  October 14, 2009; 9:00 AM ET
Categories:  The Ticker  | Tags: Bruce Bartlett, Larry Kudlow  
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