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