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Thu Mar 15, 2018, 04:27 PM

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

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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.

“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.
....

Dana Milbank writes about political theater in the nation’s capital. He joined the Post as a political reporter in 2000.
Follow @Milbank

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Response to mahatmakanejeeves (Original post)

Thu Mar 15, 2018, 04:37 PM

1. Excellent article!!!

And, yes, Kudlow will fit right in with the collection of incompetents that Trump has surrounded himself with.

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Response to mahatmakanejeeves (Original post)

Thu Mar 15, 2018, 04:59 PM

2. Stephen Moore is running a close second

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Response to mahatmakanejeeves (Original post)

Thu Mar 15, 2018, 05:50 PM

3. I always figured Kudlow was trying to buy a little time to unload any financial assets

he had by lying. He'll say the same when trump's economy tanks.

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Response to mahatmakanejeeves (Original post)

Thu Mar 15, 2018, 10:14 PM

4. Trump brought the unemployment rate from 40% down to 4%, so why does he need an economic

adviser? Steel mills are re-opening everywhere.

sarcasm

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Response to mahatmakanejeeves (Original post)

Fri Mar 16, 2018, 01:53 AM

5. Excellent Daily Show on Kudlow - 6 minute video -- arghh, what a bonafide fuckhead



I always knew Kudlow was a bozo, but I didn't realize he was this hyper-bozo

The real Kudlow starts at 2:00.

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Response to progree (Reply #5)

Fri Mar 16, 2018, 01:08 PM

6. Thanks for that clip. How low can they go?

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Response to mahatmakanejeeves (Original post)

Fri Mar 16, 2018, 11:56 PM

7. We are on the verge of the next bear market.

Kudlow can be the Trump economic adviser who keeps telling people everything is OK - again

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Response to mahatmakanejeeves (Original post)

Sat Mar 17, 2018, 07:53 AM

8. Kudlow is not an economist. Trump hired a CHEERLEADER. . . . nt

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Response to mahatmakanejeeves (Original post)

Sat Mar 17, 2018, 11:34 AM

9. Kudlow has one of those faces that you just want to punch.

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.

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Response to CrispyQ (Reply #9)

Sat Mar 17, 2018, 09:13 PM

11. Krudlow

"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.

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Response to mahatmakanejeeves (Original post)

Sat Mar 17, 2018, 08:41 PM

10. I guess he has an ego that lets him think HE'LL be different and last in the W.H.

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.

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Response to mahatmakanejeeves (Original post)

Sun Mar 18, 2018, 09:10 AM

12. Since Cheeto likes nick names he is Coke Head Kudlow

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Response to mahatmakanejeeves (Original post)

Sun Mar 18, 2018, 02:18 PM

13. Keep in mind that the only reason Kudlow can be call an "economist" ...

... Is because he held that title at Bear Stearns, the firm that -- more than almost any other player -- caused Wall Street's meltdown.

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Response to MrModerate (Reply #13)

Sun Mar 18, 2018, 07:42 PM

14. He was also fired

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).

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Response to mahatmakanejeeves (Original post)

Sun Mar 18, 2018, 11:46 PM

15. Kudlow and Cramer vs Kramer

 

Used to have a tv show with Jim Cramer on CNBC as well. Guess he fits the mold of the current admin.

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