That Worked Out Well
Larry Kudlow, National Review, 11/16/04:
Well, at least nobody reads National Review for its economic analysis.
Listen, this blog is going to start calling out this sort of stuff much more aggressively. I'm not a big fan of "archive gotcha." But for gurus and pundits with inexplicably high profiles who hold themselves out as worth listening to, past predictions are fair game -- particularly if they can impact readers'/viewers' financial health. By the way, I won't exclude myself from the microscope; watch for a report card on my own predictions soon.
With the reelection of President George W. Bush, cowboy capitalism will continue and then some. Pro-growth policies on tax reform, Social Security reform, tort reform, and energy reform will all keep the capital in capitalism. Watch the U.S economy continue to outperform the other large industrial countries by a wide margin, as it has since Reagan. |
Well, at least nobody reads National Review for its economic analysis.
Listen, this blog is going to start calling out this sort of stuff much more aggressively. I'm not a big fan of "archive gotcha." But for gurus and pundits with inexplicably high profiles who hold themselves out as worth listening to, past predictions are fair game -- particularly if they can impact readers'/viewers' financial health. By the way, I won't exclude myself from the microscope; watch for a report card on my own predictions soon.
posted by The Cunning Realist at Tuesday, April 22, 2008
17 Comments:
Amen, brother! Calling these lying hacks out on their own mendacity is the only way to beat them at their own game. How much longer will these charlatans be allowed to propagate this crap before this nation wakes up? You are on the front lines CR! Keep up the good work.
I'm not a big fan of "archive gotcha." But for gurus and pundits with inexplicably high profiles who hold themselves out as worth listening to, past predictions are fair game -- particularly if they can impact readers'/viewers' financial health.
Well God knows the corporate media isn't gonna do it. Besides, early on it was apparent that one of the central benefits of the net is that gasbags like Kudlow, Kristol, Kagan, etc. can no longer count on their lies essentially disappearing down the memory hole, accessible only through tedious archive searches. So yeah, keep at it, CR!
-- sglover
You mean Kudlow isn't so much an economic analyst as a cheerleading partisan hack? How disappointing.
"Listen, this blog is going to start calling out this sort of stuff..."
Hooray!
It's unfair to pick on Kudlow since he doesn't know what he is talking about. Take this:
The Fed will gradually remove the excess dollars they appropriately created following the dreadful 9/11 attacks on the U.S
How was the Fed going to withdraw the dollars? It's insane. Which dollars? They ones that China takes from their exporters and then prints RNB's and then uses the same dollars to buy Treasury and agency paper. Were they going to sell their entire System Open Market account to sop of the excess dollars created here at home?
Please don't pick on Kudlow. Ignore the poor brain damaged by coke fool. (It is little appreciated that huge swaths of our elites were coke heads at one time or another and that there is insidious lasting effect of coke. To wit it makes people blindly self centered and immune to any reality but the one in their head that makes them feel good)
CR:
Krugman mentioned Soylent Green today on his blog. It is here:
http://krugman.blogs.nytimes.com/2008/04/22/soylent-green-its-fossil-fuels/
A bit off the economic front, but well within this blog's topics. Enjoy.
http://www.opinionjournal.com/columnists/pnoonan/?id=110003239
March 24, 2003
We are about to startle and reorder the world. We are going to win this
thing, and in the winning of it we are going to reinspire civilized
people across the globe. We're going to give the world a lift.
http://www.opinionjournal.com/columnists/pnoonan/?id=110003306
April 7, 2003
The war is almost over and young Americans on the ground have won it,
and they are doing it like Americans of old. With their old sympathy and
spirit, and a profound lack of hatred for the foe, and with compassion
for the victims on the ground. Iraq, meet the grandchildren of the men
who made the Marshall Plan.
http://www.opinionjournal.com/columnists/pnoonan/?id=110002995
January 30, 2003
The State of the Union was intended to persuade and add more data, which
the president did. He revisited Saddam Hussein's attempts to create and
obtain weapons of mass destruction, and referred to his ties with al
Qaeda. He met Democrats' insistence that he prove that a Saddam move is
"imminent" with the observation that terrorists don't send handwritten
notes announcing they're about to visit. He added to the case against
Iraq in a way that seemed compelling: He was talking to mom and pop at
the kitchen table and telling them that men with histories and
characters like Saddam's don't get their hands on weapons of mass
destruction to do anything with them but hit their enemies--that is,
us--hard. He finished with a vow: We will "disarm" Saddam if he will not
disarm himself. Mr. Bush did not hold out hope on that score, asserting
that trusting Saddam "is not a strategy, and it is not an option."
It is hard to know how many Americans are still open to persuasion on
the subject of an invasion. It is tough to know how hardened positions
are. The new information Mr. Bush offered seemed both believable and
incomplete. The high White House official in the pre-speech interview
made it clear that he wants to release more classified data on Saddam,
and seemed to suggest the data will inform parts of a future Colin
Powell appearance before the Security Council.
Much more at http://www.opinionjournal.com/columnists/pnoonan/archive/
And yet, Peggy Noonan still has a job.....
Whammer
Why don't you make it hard on yourself and pick out when Kudlow has been right.
Kudlow is proof positive that you don't need to know s*** about s*** to get a job in punditry.
Everyone who was dead wrong about every aspect of the war is still on TV and writing columns.
So why not in finance too? Amazing though because we may argue what success is in Iraq, but 10-5 is still 5 in finance.
There can never be enough people digging and exposing this type of idiocy. And it is a worthy effort because constant exposure of their track record of being totally wrong is what it will take to even have a chance of turning around the general publics information flow toward a more rational viewpoint.
The unfortunate thing is that before there will even be a sliver of change evident, we will all likely be long dead and buried. But for the sake of all of todays toddlers and their children who will be the ultimate victims of the Kudlows and the Noonans, the fight must go on.
Viva la verdad!!
Kudlow is still waiting for $25 a barrel oil after our glorious victory in Iraq
Kudlow still have the golden touch in 2008 since he started harping on the weak dollar a few weeks ago, roughly coincident with the highs in gold. Every time he says "goldilocks" I want to buy SPY puts, but unfortunately he's not that good at being wrong either.
K(r)udlow is nothing but a BushCo/Wall Street/GOP shill. You could take everything he knows and write it on the head of a pin with a Hi-Liter.
I'm not a big fan of "archive gotcha."
I am. As plenty of people have pointed out here in the Comments section, pundits are filling up the airwaves with their know-it-all rhetoric and people sheepishly obey them. "Well so-and-so said it would happen, so it's going to happen." Someone needs to show that these people don't know what they're talking about.
CR, can you please look into busting Steve Forbes, the man who called oil a bubble at $60 and insisted over and over on Forbes on Fox that oil would be going back to $30.
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