Economy
Related: About this forumLarry Kudlow may have been more wrong about the economy than anyone alive
Larry Kudlow may have been more wrong about the economy than anyone alive
By Dana Milbank Opinion writer March 14 at 7:26 PM dana.milbank@washpost.com
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.
Theres no recession coming. The pessimistas were wrong. Its not going to happen, wrote Kudlow. . . . The Bush boom is alive and well. Its finishing up its sixth consecutive year with more to come. Yes, its still the greatest story never told. ... If that was the greatest story, this should be a close runner-up: Trump has just put the countrys 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.
....
Dana Milbank writes about political theater in the nations capital. He joined the Post as a political reporter in 2000.
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Jim__
(14,045 posts)And, yes, Kudlow will fit right in with the collection of incompetents that Trump has surrounded himself with.
njhoneybadger
(3,910 posts)Hoyt
(54,770 posts)he had by lying. He'll say the same when trump's economy tanks.
progree
(10,864 posts)adviser? Steel mills are re-opening everywhere.
sarcasm
progree
(10,864 posts)I always knew Kudlow was a bozo, but I didn't realize he was this hyper-bozo
The real Kudlow starts at 2:00.
erronis
(14,941 posts)GETPLANING
(846 posts)Kudlow can be the Trump economic adviser who keeps telling people everything is OK - again
Bernardo de La Paz
(48,773 posts)CrispyQ
(36,221 posts)A rat fucker of the highest order. Who thinks president shithole's recent suggestion of a second round of tax cuts came from his new advisor? Our government has been hijacked by a craven pack worse than jackals.
"A rat fucker of the highest order" is right. I stopped watching CNBC years ago, and one of the reasons was that I could not stand to watch Mr. Krudlow. The guy is an egotistical moron who is constantly wrong . . . he makes Cramer and the rest of the personalities look like geniuses. Krudlow sucks, and how appropriate that he is now advising an imbecile in the White House. Let them all go down the swamp together.
Honeycombe8
(37,648 posts)We'll see. Trump's track record isn't good. He even belittled McManus, who he thinks (thought?) highly of and is highly respected. But we'll see.
Why anyone would join the W.H. at this point is baffling.
bronxiteforever
(9,287 posts)MrModerate
(9,753 posts)... Is because he held that title at Bear Stearns, the firm that -- more than almost any other player -- caused Wall Street's meltdown.
edhopper
(33,164 posts)by Bear Sterns for being a cocaine addict and bad at his job.
He holds only a BA in History and no degree in Economics (dropped out of graduate school).
myraphilips
(23 posts)Used to have a tv show with Jim Cramer on CNBC as well. Guess he fits the mold of the current admin.