Republican Economist Wanniski Endorses Kerry, Citing Iraq War

Oct. 28 (Bloomberg) -- Jude Wanniski, who coined the phrase ``supply-side'' economics to champion Republican tax cuts as a way to stimulate growth, endorsed Democrat John Kerry for president, citing President George W. Bush's decision to invade Iraq.

``The one big reason why I will vote for Senator Kerry next Tuesday is that he is an internationalist, as am I,'' Wanniski, 68, told clients in a note on his Web site. ``Mr. Bush has become an imperialist -- one whose decisions as commander-in-chief have made the world a more dangerous place.''

Wanniski, a political economist who helped design the tax cuts Congress enacted after Ronald Reagan became president in 1981, said his vote for Kerry will be his first for a Democratic presidential candidate since 1964, when President Lyndon Johnson defeated Republican Barry Goldwater.