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Speaker Gingrich gets Pres Ronald Reagan economist endorsement (Art Laffer)
gretawire.foxnewsinsider.com ^ | Greta Van Susteren

Posted on 12/27/2011 4:13:06 PM PST by TBBT

Newt Gingrich Endorsed by Architect of Reagan Economic Plan, Economist Arthur Laffer

Dyersville, IA – Renowned economist, father of The Laffer Curve and supply-side economics, and architect of the Ronald Reagan economic plan, Arthur Laffer, announced his endorsement today of Newt Gingrich for President of the United States.

“Newt has the best plan for jobs and economic growth of any candidate in the field,” said Laffer.

“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. 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.”

Mr. Laffer will join Newt Gingrich in Storm Lake, IA Thursday for a formal press conference announcing the endorsement.

“Rebuilding the America we love requires returning to job creation and economic growth. We need big changes to fix the economy, and I am ready to stand up to Barack Obama’s class warfare rhetoric to make the case that letting the American people keep more of what they earn is the best way to create jobs.”

Dr. Laffer received his B.A. in economics from Yale, his MBA and Ph. D. in economics at Stanford. Laffer is the founder and chairman of Laffer Associates, an economic research firm focusing on interconnecting macroeconomics, political and demographic changes affecting global financial markets

(Excerpt) Read more at gretawire.foxnewsinsider.com ...


TOPICS:
KEYWORDS: arthurlaffer; laffer; laffercurve; newt; newtgingrich
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1 posted on 12/27/2011 4:13:13 PM PST by TBBT
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To: TBBT

Was bound to happen after Cain dropped out. if Perry had been doing great, I think he would have gone with perry. But I think he wants to help Gingrich out in Iowa with the endorsement.


2 posted on 12/27/2011 4:15:42 PM PST by Mozilla
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To: All

Thank you Art!


3 posted on 12/27/2011 4:16:13 PM PST by Righting (9)
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To: TBBT

Now there’s an endorsement that actually means something.


4 posted on 12/27/2011 4:16:46 PM PST by big'ol_freeper ("Evil is powerless if the good are unafraid" ~ Ronald Wilson Reagan)
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To: TBBT
Reports of Newt's demise are greatly exaggerated.
5 posted on 12/27/2011 4:20:30 PM PST by ez (When you're a hammer, everything looks like a nail.)
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To: TBBT

EXCELLENT!!!!!!!!!!!! great endorsment! along with Michael Reagan, Thomas Sowell and JC Watts...great people endorsing my man NEWT


6 posted on 12/27/2011 4:20:57 PM PST by katiedidit1 ("This is one race of people for whom psychoanalysis is of no use whatsoever." the Irish)
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To: TitansAFC; Jim Robinson; Gator113; gov_bean_ counter; PSYCHO-FREEP; katiedidit1
Mr. Laffer will join Newt Gingrich in Storm Lake, IA Thursday for a formal press conference announcing the endorsement.

Ooops, there goes Art Laffer's many stints on Faux News!

GO Gingrich!!!

7 posted on 12/27/2011 4:21:24 PM PST by onyx (PLEASE SUPPORT FREE REPUBLIC:DONATE MONTHLY! Sarah's New Ping List - tell me if you want on it.)
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To: TBBT

Art Laffer? The guy who in 2006 said the economy “had never been in better shape”, and got absolutely schooled by Peter Schiff??

http://www.youtube.com/watch?v=LfascZSTU4o


8 posted on 12/27/2011 4:23:02 PM PST by bigdaddy45
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To: big'ol_freeper

Yes that is major good for Newt. Major.


9 posted on 12/27/2011 4:23:38 PM PST by Principled
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To: kalee; TitansAFC; onyx; LuvFreeRepublic; Sea Parrot; SweetCaroline; matthew fuller; Gator113; ...

Newt Endorsement PING!

Fox News will be saddened.......


10 posted on 12/27/2011 4:24:07 PM PST by TitansAFC (Mitt Romney gets less bang for the buck than John-Freaking-Huntsman.)
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To: ez

>> Reports of Newt’s demise are greatly exaggerated. >>

And no one is exaggerating it any more than Charles Krauthammer - who on Fox News today said that the 2006 newsletter would continue to sink Newt while this Laffer endorsement was almost irrelelvant.


11 posted on 12/27/2011 4:25:19 PM PST by C. Edmund Wright
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To: TBBT

An impressive endorsement. Definitely improves Newt’s chances in the primaries, and the general elections.


12 posted on 12/27/2011 4:27:18 PM PST by TwelveOfTwenty (Compassionate Conservatism? Promoting self reliance is compassionate. Promoting dependency is not.)
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To: TBBT

Hate to throw cold water on things, but the capital (lending) markets are in such disrepair, whoever wins the WH is in for a big big turd-sandwich of continued problems.

If a Conservative wins, he will be “blamed” for the corrections (read: massive turbulence) necessarily to come for the next few years, as the spending binge is brought under control.

If a republican gets in, he or she will be “blamed” for the corrections necessary to repair the damage done by govt. (Rat) interventions and big unfundable programs promised, over time.

Maybe the Rats should win: at least they will have to ‘own’ and take the blame for all their decades of unsustainable fiscal policies.

4L


13 posted on 12/27/2011 4:27:53 PM PST by 4Liberty (88% of Americans are NON-UNION. We value honest, peaceful Free trade-NOT protectionist CARTELS)
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To: bigdaddy45

>> Art Laffer? The guy who in 2006 said the economy “had never been in better shape”, and got absolutely schooled by Peter Schiff?? >>

What a joke of a post with due respect.

I would suppose that both Schiff and Laffer have schooled many folks over the years, but I find it laughable and childish and really sad that you would try to dismiss the cred of Laffer due to one disagreement he had with Schiff.

I greatly respect both men. I expect they’ve both stepped in it from time to time. With Youtube, we can certainly find it.

And BTW, who is Schiff supporting, if anyone?


14 posted on 12/27/2011 4:28:29 PM PST by C. Edmund Wright
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To: TBBT

Who’s “Laff”-ing now, Obomney?


15 posted on 12/27/2011 4:31:34 PM PST by JediJones (Newt-er Obama in 2012!)
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To: C. Edmund Wright

I’m losing faith in the objectiveness of the Kraut. The newsletter was easily explained with a simple “I was proven wrong,” while the Laffer endorsement adds to the “stood by Reagan” ad campaign. Gingrich stood BY Reagan, stood AGAINST Bush I, and stood UP to clinton. Center for Transformative Health newsletter? Give me a break...


16 posted on 12/27/2011 4:32:37 PM PST by ez (When you're a hammer, everything looks like a nail.)
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To: TBBT

Good one.


17 posted on 12/27/2011 4:33:21 PM PST by lysie
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To: 4Liberty

If a republican gets in, he or she could just say “in keeping the spirit of the previous administration, I inherited a mess, it is not my fault”.


18 posted on 12/27/2011 4:33:45 PM PST by RAV_USA (RAV_USA)
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To: TBBT

Don’t cry yet, Obomney. There’s still hope for an endorsement from Ron Reagan.


19 posted on 12/27/2011 4:34:35 PM PST by JediJones (Newt-er Obama in 2012!)
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To: TBBT

Art is a joke. I prefer Peter Schiff’s endorsement


20 posted on 12/27/2011 4:35:23 PM PST by 4rcane
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To: 4rcane

You missed the chance to say “Art is a laugher.” Maybe next time...


21 posted on 12/27/2011 4:37:32 PM PST by ez (When you're a hammer, everything looks like a nail.)
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To: C. Edmund Wright

Gotta remember, Krauthammer was the guy who asked O’Reilly to change the name of his segment on his show from “Charles in Charge” to something more boring. Krauthammer is the ultimate cocktail party, upper class conservative. I’m sure every time he looks at Newt he sees Bluto Butarsky. Newt is not a guy who cares about politeness in politics or otherwise. People like Krauthammer are just too stuck up and can’t get past that kind of cultural divide.


22 posted on 12/27/2011 4:40:00 PM PST by JediJones (Newt-er Obama in 2012!)
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To: C. Edmund Wright

I wouldn’t say its one disagreement. Its one big disagreement of the fundamental of an economy. The relationship between US and the rest of the world, esp China etc. Art saw it as a good thing that US export USD and import goods. While Peter saw it as a negative thing because US is not making anything but printing USD


23 posted on 12/27/2011 4:40:36 PM PST by 4rcane
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To: ez

You are right. The shallowness of Kraut’s analysis is a blatant personal bias, because he is not as stupid as he is acting.

As for the newsletter - it was a news letter on new developments in health care. Of course such a newsletter welcomed a state trying something new in general. And of course they had issues with some of what the state was doing. There are many problems the newsletter found with Romney Care while applauding the effort. It was nothing like a lock step thumbs up for the whole thing. And it certainly stressed that one of the positives was that a state would try something that the rest of the nation could observed and analyze.


24 posted on 12/27/2011 4:41:09 PM PST by C. Edmund Wright
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To: TBBT
Bonus...

If it's a Romney stopper I'm all for it!

25 posted on 12/27/2011 4:44:22 PM PST by EGPWS (Trust in God, question everyone else)
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To: TBBT
Laffer is a jerk!

When it really mattered he was dumb as a door nail!

Peter Schiff destroyed Laffer's credibility!!.

The wealth of the average American has plummetted.

Laffer is a cheap turd!

26 posted on 12/27/2011 4:44:43 PM PST by PALIN SMITH (In a time of universal deceit, telling the truth is a revolutionary act.)
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To: C. Edmund Wright

It also appears Kraut operates from both sides of the aisle...

http://en.wikipedia.org/wiki/Charles_Krauthammer

In 1978, Krauthammer quit the practice of psychiatry and came to Washington to direct planning in psychiatric research under the Carter administration. He began contributing articles about politics to The New Republic and in 1980 served as a speech writer to Vice President Walter Mondale. In January 1981, Krauthammer joined The New Republic as both a writer and editor.

On July 29, 2011, former congressman and MSNBC host Joe Scarborough said that Krauthammer “is, without a doubt the most powerful force in American conservatism. He has [been] for two, three, four years.”[13]

Former president Bill Clinton called Krauthammer “a brilliant man” in a December 2010 press conference.[15] Krauthammer responded, tongue-in-cheek, that “my career is done” and “I’m toast”.[16]


27 posted on 12/27/2011 4:45:07 PM PST by JediJones (Newt-er Obama in 2012!)
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To: C. Edmund Wright

“One disagreement???” Any economist worth his salt would have known that the growing real estate bubble in 2006 was unsustainable, and that there would be a severe hangover down the road, yet Laffer not only laughed it off; he said the economy had never been stronger!

This isn’t “one disagreement”. This to me demonstrates that while Laffer might be good on overall economic policy, he doesn’t do well at connecting some basic dots. There was a massive bubble growing right in front of his eyes, and he couldn’t even see it.


28 posted on 12/27/2011 4:46:33 PM PST by bigdaddy45
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To: 4rcane

Which doesn’t change the fact that both Laffer and Schiff agree on far more than they disagree on. They both are low tax low regulation guys, both supply siders to one degree or another, and both big critics of all facets of Obamanomics.

In other words, there is probably nothing in Laffer’s reasoning behind his Newt endorsement that Schiff would disagree with economically. (I have no idea politicaly). Thus, a Schiff Laffer disagreement in 06 about monetary policy is totally irrelevant and does nothing to Laffer’s cred with respects to the issue at hand.

I would like to know who Schiff supports also. He does great work.


29 posted on 12/27/2011 4:47:24 PM PST by C. Edmund Wright
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To: JediJones

I think working on both sides of the aisle that comfortably is the definition of being part of the “establishment.” Having the Harvard degree doesn’t hurt either.


30 posted on 12/27/2011 4:48:07 PM PST by JediJones (Newt-er Obama in 2012!)
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To: TBBT
Laffer is a jerk!

When it really mattered he was dumb as a door nail!

Peter Schiff destroyed Laffer's credibility!!.

The wealth of the average American has plummetted.

Laffer is a cheap turd!

31 posted on 12/27/2011 4:48:39 PM PST by PALIN SMITH (In a time of universal deceit, telling the truth is a revolutionary act.)
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To: TBBT
Laffer is a jerk!

When it really mattered he was dumb as a door nail!

Peter Schiff destroyed Laffer's credibility!!.

The wealth of the average American has plummetted.

Laffer is a cheap turd!

His honor is only worth a penny!

32 posted on 12/27/2011 4:49:37 PM PST by PALIN SMITH (In a time of universal deceit, telling the truth is a revolutionary act.)
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To: C. Edmund Wright
And no one is exaggerating it any more than Charles Krauthammer - who on Fox News today said that the 2006 newsletter would continue to sink Newt while this Laffer endorsement was almost irrelelvant.

Hahaha. I didn't watch the panel today. All too often, CK let's his highbrow Beltway bluster color reality.

I get it that he doesn't like Gingrich or want Gingrich to win the nomination, but CK is starting to look foolishly Mondale.

33 posted on 12/27/2011 4:50:07 PM PST by onyx (PLEASE SUPPORT FREE REPUBLIC:DONATE MONTHLY! Sarah's New Ping List - tell me if you want on it.)
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To: PALIN SMITH; TBBT

Hmmm. Ronald Reagan respected Art Laffer. Laffer helped lay the intellectual foundation for Reaganomics. But Palin Smith says he’s a cheap turd. (you gotta respect that kind of deep reasoned and in depth analysis).

I’ll go out on a limb and go with Reagan and Laffer.


34 posted on 12/27/2011 4:57:10 PM PST by C. Edmund Wright
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To: TBBT

The economist Laffer was very excited, as are many other business peoploe, about Herman Cain’s 999 plan. I think if Cain was still in the race, Laffeter would have endorsed him!

A great many people hare having a hard time with Cain out ofthe picture. I think he could be drafted. Mr. Cain wsas our best shot. I really cannot see anyone else doing what he could do for the country. People love the guy, and for good reason. So let’s raise some Cain!

Tell him how you feel by emailing him at info@hermancain.com. Or send him a letter at Herman Cain, Inc. P.O. 2158, Stockbridge, Georgia, 30281

Thank you.


35 posted on 12/27/2011 5:32:56 PM PST by Paperdoll (P.O. Bo)
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To: TBBT; All

Wow!!! Endorsed by Art Laffer???? Damn; that pretty well seals it. The Election is over now. Newt will win by a landslide.


36 posted on 12/27/2011 5:41:52 PM PST by no dems (Why do you never see "Obama" bumper stickers on cars going to work in the morning?)
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To: no dems

Art Who?


37 posted on 12/27/2011 5:47:52 PM PST by AGreatPer (Obama has NEVER given a speech where he did not lie!!!)
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To: TBBT

If we lose Newt we will have lost the Country.


38 posted on 12/27/2011 6:19:12 PM PST by Logical me
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To: onyx

Good as gold! The Reagan bashers among the libs and the GOP establishment are going to bust a gasket.


39 posted on 12/27/2011 6:58:49 PM PST by Jim Robinson (Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
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To: bigdaddy45
"The guy who in 2006 said the economy “had never been in better shape”, and got absolutely schooled by Peter Schiff??"

Peter Schiff? THE Peter Schiff? They guy who came in 3rd in a 3 person Senate Primary to a wrestling promoter's wife and a 70 year old nonentity of a backbench Congresscritter?

Sniff....sniff.....it's getting stronger.....I recognize that smell....

Yep, I'd recognize that smell anywhere....it's a Paultard!

Where's my spray?!

Hank

40 posted on 12/27/2011 7:02:55 PM PST by County Agent Hank Kimball (Screw it. Newt's the smartest candidate and the guy I want to see debating Obummer. Flame away. Num)
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To: C. Edmund Wright

Krauthammer and Fox are becoming irrelevant.


41 posted on 12/27/2011 7:03:59 PM PST by Jukeman (No Romney, No Bush, No Trump. No, No, No. Never. Final Word!)
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To: 4Liberty
Maybe the Rats should win: at least they will have to ‘own’ and take the blame for all their decades of unsustainable fiscal policies.

Maybe you are assuming the sheep will hang on to every word of your explanation as the failure unfolds. I don't wish to be accused of mind reading.

More likely, the rats will not take the blame for anything, and the media will work overtime blaming the likes of you and yours, as the circling of the bowl is completed.

42 posted on 12/27/2011 7:06:14 PM PST by going hot (Happiness is a momma deuce)
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To: going hot
More likely, the rats will not take the blame for anything, and the media will work overtime blaming the likes of you and yours, as the circling of the bowl is completed.

What you said. Hell, Obama has never taken responsibility for a GD thing in his entire life.

43 posted on 12/27/2011 7:12:19 PM PST by Marathoner ("Government is not reason. Government is not eloquence. It is force." George Washington)
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To: TitansAFC

boy...Fox and now even Mark Steyn are wankers on this one

we are getting a look at how biased they “can” really be


44 posted on 12/27/2011 7:14:08 PM PST by wardaddy (Michelle, Sarah, Perry now Newt over Mitt.....that is how I've seen it and it's where we are)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks TBBT.

Laffer Curve ping.


45 posted on 12/27/2011 7:31:03 PM PST by SunkenCiv (Merry Christmas, Happy New Year! May 2013 be even Happier!)
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To: TBBT
Art Laffer = Game changer
46 posted on 12/27/2011 7:37:08 PM PST by CainConservative (Merry CHRISTmas and a Happy Newt/Marco 2012!!)
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To: C. Edmund Wright
". But Palin Smith says he’s a cheap turd. (you gotta respect that kind of deep reasoned and in depth analysis)."

I was only paraphrasing Laffer's own words.

His honor is only worth a penny?

Anybody can get it right once in a while, just like the weather forecasters.

At least Mitt went to $10,000.

Laffer was so insecure about his prediction and his "honor" he would only bet a cent!

I tend to simplify things.

No analysis is necessary when Laffer's own words destroy his credibility!!

47 posted on 12/27/2011 7:46:05 PM PST by PALIN SMITH (In a time of universal deceit, telling the truth is a revolutionary act.)
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To: County Agent Hank Kimball

*sigh*... does it get old trying to label everyone? Lets see....Paultard huh? What else do you want to try to guess? My favorite color?

Yes, THAT Peter Schiff. Who isn’t much of a candidate, but on economic matters is rock solid. AND who called this downturn almost perfectly. AND who did an AWESOME job telling an Occutard whats what.....

http://www.youtube.com/watch?v=Y28yFxLydzU

And yet... you don’t like him. Remarkable.


48 posted on 12/27/2011 8:18:37 PM PST by bigdaddy45
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To: Jim Robinson

It has nothing to do with bashing Reagan. And Reagan does NOT equal Laffer.

Laffer is good on overall policy, but is lousy at seeing the forest for the trees (which he’s proved in recent years.) After watching him cheer lead for Bush’s economic policies, my respect for him started to drain away.


49 posted on 12/27/2011 8:24:37 PM PST by bigdaddy45
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To: bigdaddy45

For the record, I like Peter Schiff a lot. I also like Laffer a lot. They are both very good at what they do and they are both imperfect. Did Schiff call this recession and did Laffer miss it? Damned right.

Did Laffer still provide much of the intellect and and inspiration behind Reaganomics and supply side theory? Damned right. Does Schiff believe in both supply side and Reaganomics? Damned right.

And does Schiff differ at all on the reasons Laffer supports Newt? Probably not. I don’t know who Schiff will support, but on the reasons that Laffer gave for supporting Newt, he and Schiff have no disagreement.

Therefore bringing up an unrelated argument between the two in 06 is simply a waste of time and creating a void where none exists. This debate adds nothing to this issue at hand, which is Laffers endorsement of Newt.


50 posted on 12/27/2011 8:30:43 PM PST by C. Edmund Wright
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