Thompson Gets It

John Fund has an excellent interview in the Weekend WSJ with former Sen. Fred Thompson. It is well worth reading. Thompson on Iraq:

The challenges, he says, are numerous. On Iraq, he admits "we are left with nothing but bad choices." However, he says the "worst choice" would be to have Osama bin Laden proven right when he predicted America wouldn't have the stomach for a tough fight. The costs of Iraq have been high, but they could be even higher "if we have another stain on America like that infamous scene from Saigon 1975 in which our helicopters took off leaving those who supported us grabbing at the landing skids."

And this is key, showing he's not afraid of engaging in substantive debate with Republicans or Democrats, with wit and supply side wisdom:

On domestic issues, Mr. Thompson says a major reason Republicans lost last November was that they aided and abetted runaway government spending. Yet Democrats, he contends, are incapable of following through on their pledges to be fiscally prudent. "Their political coalition needs more revenue like a car requires gasoline," he laughs. "Reagan showed what can be done if you have the will to push for tough choices and the ability to ask the people to accept them."

But Mr. Thompson says those tough choices shouldn't include the tax increases contemplated in the new budget released by Senate Democrats this week. "The phony static accounting the government uses has obscured just how successful the 2003 tax cuts have been in boosting the economy," he says. "Lower marginal tax rates have proven to be a key to prosperity now by Kennedy, Reagan and Bush. It's time millionaires serving in the Senate learned not to overly tax other people trying to get wealthy."

More analysis at the RCP Blog.

Fred Thompson gets it on the issues. The question is whether he will get in the race. I think he would be a welcome addition.

UPDATE: Thompson rips Iran.