Posted 5:09 PM by Gene

Larry "Gekko" Kudlow says the Feds should have gone the supply-side route. At first blush it seems sensible especially given the way Dub and our Congress BURNED money "helping" the Gulf Coast. But "a zero capital gains tax" and letting "any new businesses started up in New Orleans...be tax-free for 5-10 years" is spending tax money too. Possibly it might have worked, but the epochal devastation might have put paid to any economic schemes. And most likely, given Lousiana's corruption before, that tax largesse would have seen the inside of politicians' pockets first.

Katrina, as much as 9/11, seared our nation's rudderlessness into our psyches, and it will take more than harebrained schemes by anybody to put us right.