Supply-Side Guiliani

Via email:

The announcement yesterday by … Steve Forbes, that he is endorsing Mayor Giuliani … crystallizes for us a feeling that has been germinating for quite some time, that Mr. Giuliani is emerging as the candidate in this race for growth-oriented, economic conservatives …

We gained an early glimpse of this in Russell Berman's dispatch about Mr. Giuliani's brilliant remarks at the Hoover Institution, where he issued his call to make the GOP the "party of freedom." We saw it in the interview Mr. Giuliani did this week with Lawrence Kudlow … Mr. Giuliani said flatly: "I regard myself as a supply-sider for sure. I mean, watched Ronald Reagan do it and learned it, saw it work. Taxes get reduced, more revenue comes in." …

[M]r. Giuliani's comments to Mr. Kudlow are encouraging. As is the endorsement of Mr. Forbes, who has one of the clearest grasps of the economic issues and tax and economic policy questions of any editor or politician in the country. … The election in 2008 will in part be about the war on terror, but it will also be about the ability of the candidates to articulate an optimistic, dynamic, growth-oriented economic policy that builds on a generation-long campaign for tax cuts that was started by President Reagan …

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