Larry Kudlow may have been more wrong about the economy than anyone alive

Discussion in 'Politics' started by exGOPer, Mar 17, 2018.

  1. exGOPer

    exGOPer

    It was the eve of the biggest economic collapse since the Great Depression. Many on Wall Street worried that a recession loomed and that the housing bubble was bursting. ... And then there was Larry Kudlow, the man President Trump just tapped to be his top economic adviser.

    “Despite all the doom and gloom from the economic pessimistas, the resilient U.S. economy continues moving ahead,” Kudlow wrote on Dec. 7, 2007, in National Review, predicting that gloomy forecasters would “wind up with egg on their faces.” Kudlow, who previously derided as “bubbleheads” those who warned about a housing bubble, now wrote that “very positive” news in housing should “cushion” falling home sales and prices.

    “There’s no recession coming. The pessimistas were wrong. It’s not going to happen,” wrote Kudlow. “ . . . The Bush boom is alive and well. It’s finishing up its sixth consecutive year with more to come. Yes, it’s still the greatest story never told.” ... If that was the greatest story, this should be a close runner-up: Trump has just put the country’s economic fate in the hands of the man who has arguably been more publicly and consistently wrong about the economy than any person alive.
    ....

    All of this is to say Kudlow should fit right in with his new colleagues in the Trump administration. ... This is the same president, after all, who tapped to be the chief scientist at the Agriculture Department a talk-radio host who is not a scientist, named a brain surgeon to run the Department of Housing and Urban Development and floated the idea of his personal pilot as head the Federal Aviation Administration. A party planner, a bartender, a Meineke Car Care branch manager and a cabana boy all found plum administration jobs.
    ....

    https://www.washingtonpost.com/opin...8f2292-27ce-11e8-b79d-f3d931db7f68_story.html
     
  2. RRY16

    RRY16

    Add his personal assistant who is a bookie but he got dragged out of the WH last week...no problem, now he’s in charge of Trumps re-election.
     
  3. gwb-trading

    gwb-trading

    "he’s in charge of Trumps re-election."

    Well clearly he's still into gambling.
     
    Slartibartfast likes this.
  4. It is not his economic skills, it is his ability to say any crap with a straight face that makes him appealing.
     
    Frederick Foresight likes this.

  5. You guys are too kind to Kudlow. We used to make fun of him in my economics class.

    It wouldn’t suprise me if Kudlow outlasted Trump, knowing our luck.

    Since we are probably totally fooked, we might as well have a little fun in the last few months of this administration’s relevency. I would like to see Pence resign, perhaps due to legal pressure, as vice president. Trump then appoint’s Stormy Daniels as vice president. This would actually be a practical appointment. After all, it appears she may have have out Trumped, Trump. She apparerently received subtantially higher than market rate for her services, received money to not talk about it, and still has the ability to apply political pressure on trump. It could be said that she fooked him trice!

    In exchange for Trump appointing Stormy Daniels, she could pardon him after he resigns as president. It the least she could do and in this case, I she her following through. As far a being an effective US President, she would be great. She could negotiate trade deals like nobody’s business and leave everyone with a smile on their face. Besides, with her as president, who would be thinking of war all the time?
     
  6. Cuddles

    Cuddles

    Source? Surely I'm misreading this
     
  7. gwb-trading

    gwb-trading

  8. Cuddles

    Cuddles

  9. gwb-trading

    gwb-trading

    [​IMG]

    :)
     
  10. Kudlow is your typical dick sucking corporate apologist. Trump must want him to provide some ballast with regard to tariffs. Can't see what other purpose he would serve, other than being able to hold a straight face while lying, which admittedly is an asset when working in government.
     
    #10     Mar 18, 2018