The importance of Karl Rove isn’t just that he is a top-flight political strategist. As
Larry Kudlow
relates, he is also a committed supply sider. He has been a strong advocate for the president’s
tax rate cuts and
the cuts in the tax rates on capital.
At a recent speech at the Reagan Library, Rove quoted
the great classical free-market thinker Ludwig von Mises, who said that
`capitalism has raised the standard of living among the masses to a level which our ancestors
could not have imagined.’ Rove also said that because of Ronald Reagan, the
debate over the merits of capitalism versus a command-and-control economy has been settled,
that the free market has won in a rout,
and that economic growth and prosperity have followed in its path.
He also told the New York Conservative Party that
“Conservatives believe in lower taxes; liberals believe in higher taxes.
We want few regulations; they want more. We believe in curbing
the size of government; they believe in expanding the size of government.”
It would be a shame if Rove got bounced from the White House by the Plamegate kerfuffle.