Word: republicanized
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Laffer is a bona fide economist with a doctorate from Stanford. He's also largely responsible for the Republican belief that tax cuts pay for themselves. Now 67, Laffer runs economic-consulting and money-management firms in Nashville. About the best I could get out of him on the question of whether the Bush tax cuts have paid for themselves was "I don't know." But that's only part of the story...
...saga that began in a bar near the White House on a December afternoon in 1974. Huddled at a meeting arranged by Wall Street Journal editorial writer Jude Wanniski were Cheney, then the deputy chief of staff to Republican President Gerald Ford, and Laffer, who was teaching at the University of Chicago's business school after a stint in the Nixon White House. In trying to explain to Cheney why a tax hike mooted by the President might not be such a great idea, Laffer drew a chart on a napkin that showed government revenues increasing as the tax rate...
...Iowa, which melted away faster than a Tulsa ice storm when the contest went national. The Iowa caucuses almost always produce an interesting tale, but interesting doesn't translate into lasting significance. As Huckabee, a former Baptist preacher and Governor of Arkansas, surges to the front of the Republican field here, the question looms: Which storybook ending lies ahead? Is he Carter or Robertson...
Here's an example. Rudy Carey, a dedicated Des Moines Republican, says his wife was so disappointed in George W. Bush that she had intended to sit out this campaign, until he coaxed her into hearing Huckabee in a living room last spring. "When it was time to leave, I found her sitting on the stairs, filling out a commitment card"--and the Careys have been solidly for Huckabee ever since. What swayed them? "He's honest," Carey says. It's the answer you hear everywhere that Huckabee supporters gather...
...transformation from guerrilla to gorilla? One day you're the Lone Ranger; the next, you're in the middle of the Battle of the Bulge. Unless you can morph into Patton and conjure up the Third Army double-quick, you're fixing to die in the snow. Indeed, no Republican in modern politics has ever converted an insurgency into a nomination. If Huckabee does, it will be because for the first time in many years, the GOP has no real front runner. The party has yet to rally around Romney, despite his deep pockets and strong organization. Giuliani...