Faux Populism
"You can't create a job without a business. And unless an investor finances a business, you ain't gonna have any jobs, you're not going to have a middle class, and you're not going to have any consumers. Therefore, this faux populism is a lot of crap."
Larry Kudlow on tonight's CNBC "Kudlow and Company," in reponse to the anti-investor, anti-business, pro-government faux populism and political rhetoric of Huckabee and Edwards.
10 Comments:
I am of the opinion that Mr. Kudlow is so maligned by the left because he is so right.
Though I don't share Mr. Kudlow's optimism on globalism and the like, I really enjoy watching his show. I think it's very informative. But to argue for the investor class with words like "ain't" and "crap"? Come on, Mr. Kudlow, ain't that populism? What's next, rolled up sleeves? ;)
Leo,
---- touche
"ain't that populism"
My ironometer is in the shop (Huckabee busted it) but perhaps Mr. Kudlow's remarks could be interpreted slightly differently.
Whenever someone attacks "Corporate America," I like to ask them what the alternative is, "Government America?" Or do the prefer "Socialist America?"
I don't understand how people seem so easily duped into hating business by the populist message. I thought we won that argument long ago, but we have been doing a bad job of explaining it since.
Larry, however, is doing a great job explaining it. I hope more people start watching him!
Mr. Kudlow is an entertainer.
Last week he was still talking about the "Goldilocks" economy and just a few minutes ago he didn't dispute that our economy might already be in a recession.
"Last week he was still talking about the "Goldilocks" economy and just a few minutes ago he didn't dispute that our economy might already be in a recession"...
How many times does Kudlow have to try to explain it to the lying libtards before he just starts to ignore them?
Goldilocks Needs Tax-Reform, Not Populism
A Commentary by Larry Kudlow
Sunday, January 06, 2008
Yes, corporate profits are slowing and jobs are softening. Despite 52 months of ongoing jobs gains and 1.3 million new payrolls in the past year, December jobs registered only 18,000 and the unemployment rate ticked back up to (a still historically low) 5 percent. Despite years of gains from a booming business sector, corporate profits are in fact falling at about a 6 percent clip.
But the last thing we need now is root-canal economic populism from the campaign trail and the mainstream media telling us that Americans are unhappy. Unhappy? According to a Gallup Poll released last week, "Most Americans say they are generally happy, with a slim majority saying they are 'very happy.'" They're also prosperous. According to Investor's Business Daily, household wealth in the United States soared 51 percent to $58.6 trillion in last year's third quarter, from $38.8 trillion in 2002.
Meanwhile, the Goldilocks economy remains alive and well. It's still the greatest story never told. And while Goldilocks may have softened somewhat, getting her back on track is not rocket science.
(there is more)
Yes KUdlow is right again. However you can have a business and no jobs either-- hello offsouring.
Now if the jobs go overseas then so will the income,and thus the conumers, but then will they be affluent enough to buy,and if so they will they not no longer be low wage.
In time this will all even out-- but not as fast as necessary to prvent a major policial backlash. Crashes are faster than booms--so if the standard of living in the rest of the world will not rise as fast as needed to erase the wage diferential ( and it will not as the cash is allways faster than the boom ) the real demand will dry up and there will be a world wide crash, as the us consumer implodes under high dept and no jobs.
This is a real posiblity,the fear of such a result is driving the reception of the populist message this year.
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