The self delusion of conservative market analysts

[existentialist]

I pulled this off of salon.com's war room. Tim Grieve was the author at salon.com, but my focus is the quote from Kudlow:


CNBC's Larry Kudlow writes in a column posted yesterday. For if Bush loses Rove to an indictment, Kudlow says, the entire country loses, too. "Rove is the rare political advisor who understands that good pro-growth policies lead to successful politics," Kudlow says. "Rove is a brilliant political strategist, but he is also an uncommon thinker who understands the economic underpinning of winning elections." If the Plame case leads to an indictment, Kudlow says, the real victims may be the stock market and the economy as a whole.

I find Kudlow's attitude to be one of the root causes of our current disaster. The conservative market analysts believe that Republicans are good for business (despite massive evidence to the contrary), and therefore unquestioningly support Republican administrations and Republican politics irrespective of the costs, which, short term at least, are not born by conservative market analysts.

What is wrong with this?

First and foremost, what has happened to the principle that, "No man is above the law."?

OK, that principle took a major hit back when Ford pardoned Nixon, and maybe it never was what it was supposed to be, but if it is now to be rewritten as "No man is above the law unless he is a powerful Republican."--then we no longer have democracy at at, but tyranny. That is not in the interests of conservative market analysts or anybody else.

Indeed, if Plato's analysis is any good, it is not even in the interests of the tyrants themselves.

So, how do we try to get conservative markets analysts to look beyond their most narrowly constructed short term analysis?

If we can just get them to take an honest look, there own principles of analysis, including economic principles of analysis will show them that they have been supporting an inevitable disaster--including an economic disaster, just look at the price of oil--which will only get worse the longer it continues.

But how do we get them to take an honest look?

[htuttle]

1. How? We starve them until they give in.

After a week without food, they'll come around.

It's no worse than the fate that they are wishing on 7/10ths of the world's population.

[AValdoux]

2. As long as they are..

..making money on the over valued stock market they could care less. Reality is not really liked by this bunch.

The way our economy is being portrayed as 'booming' is frightening. The crooks making the money are giving us the numbers and telling us 'everything's okay'. I still haven't figured out why the DJA, etc aren't affected by high fuel prices. Are the energy stocks growing so fast that it covers losses in just about everything else?

AValdoux

[BlueEyedSon]

3. Kudlow's explanation is a bunch of crap and he knows it.

It's lies and spin merely to support Rove and the admin, BS BS BS!

My head just explodes as i try to unravel this!

1. Rove's job is done, GWB has won his 2 POTUS bids

2. All the neocon/supplysiders all think exactly the same (economically), so Rove will be no loss.

3. (your thesis?) Economic policy/results do not supersede treason laws.

[K-W]

8. Kudlows job is to say what investors want to hear. EOM

[BlueEyedSon]

9. And the media's job is to protect the government. 8^)

[pilgrimsoul]

4. So now they're planning to blame the economy's looming collapse

on that activist federal prosecutor Fitzgerald, who had the audacity to indict Rove! Oooh nooooo, you can't do that - even if Rove's guilty, we just have to overlook it and forgive him because the country's very economic stability is at stake! haha It's for the good of the country, doncha know. Apparently without Rove, the economy will come crashing down - funny, that's what they've been saying for years about Greenscam.

Geez, just when I think they can't possibly generate MORE bullshit, they go and reach a whole new level of mendacity. How anyone with two brain cells to rub together can believe a word they say is beyond me.

[BlueEyedSon]

6. "Why do special prosecutors hate America???"

LMFAO!

[eallen]

5. If you want people to believe Democratic policies are good for business...

First, you have to get people to believe that Democrats care about what is good for business. Or to put it the other way around, that Democrats believe business is good for the nation.

Obviously, Democrats don't believe that business is the only measure of what is good, and unlike Republicans, are more aware that business can and will shift costs to others when it can, and take advantage in other areas where specific business strategy imposes a social burden. Those are areas where Democrats seek to prevent exploitation or externalities. But we need to be clear that we understand business does not generally do that, and that business generally is good and something we support.

[BlueEyedSon]

7. Maybe we can convince people that what is "good for business"

(as embodied in Repub policies) is "bad for people."

[ProfessorGAC]

10. Hey Larry, I Knew You Were An Idiot, But. . .

. . .does the phrase "It's the economy, stupid!" ring any bells?

Those dems knew that the goal was to strengthen the economy and expand the middle class. So, apparently, Rove's vision is not only something less than unique, but isn't isolated to conservative idiots either.

Kudlow is a moron. He knows less economic theory than my dog.
The Professor