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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (437416)12/1/2008 10:12:43 PM
From: tejek2 Recommendations  Read Replies (2) of 1575439
 
We should try to get Kudlow to hire inode.....I think they would make a great team.

Monday, December 01, 2008

Kudlow and Company

According to the National Bureau of Economic Research (NBER), the U.S. economy officially entered a recession in December of 2007.

Here's what the National Review's resident economic expert, Larry Kudlow, had to say at the time--in a December 2007 post at The Corner.

There is no recession. Despite all the doom and gloom from the economic pessimistas, the resilient U.S economy continues moving ahead—quarter after quarter, year after year—defying dire forecasts and delivering positive growth. In fact, we are about to enter the seventh consecutive year of the Bush boom.

The pessimistas are a persistent bunch. In 2006, they were certain a recession was just around the corner. They were wrong. Instead, the economy posted two consecutive quarters of near or above four-percent growth.

Earlier today, a doom and gloom economic forecast from Macro Economic Advisors was released predicting zero percent growth in the fourth quarter. This report is off by at least two percentage points. These guys are going to wind up with egg on their faces.
It's been obvious for a long time, of course, that Kudlow is a fool. The fact that he continues to be one of the leading voices on economic issues at the most respected conservative publication says all you need to know about the state of intellectual decay on the Right.
posted by A.L. at 1:35 PM

anonymousliberal.com
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