What could possibly go wrong?

[kallend 2,027]

Trump's new top economic advisor is Larry Kudlow:

1993: Kudlow proclaims in a speech: “There is no question that President Clinton’s across-the-board tax increases on labor, capital and energy will throw a wet blanket over the recovery and depress the economy’s long-run potential.” The economy goes into an eight-year expansion and adds 21 million jobs.

2001: Kudlow writes in National Review about the George W. Bush tax cuts: “Faster economic growth and more profitable productivity returns will generate higher tax revenues at the new lower tax-rate levels. Future budget surpluses will rise, not fall.” Tax revenue falls, and the budget goes from surplus into deep deficits.

2002: Kudlow, arguing for war in Iraq, writes in National Review: “The shock therapy of decisive war will elevate the stock market by a couple-thousand points.” The market falls and the Dow Jones doesn’t get that couple-thousand-point elevation for years.

2007: Kudlow wrote on Dec. 7, 2007, in National Review, “Despite all the doom and gloom from the economic pessimistas, the resilient U.S. economy continues moving ahead.” “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.”. Biggest recession in seven decades follows immediately.

2009: Kudlow says in an interview: “President Obama is waging war on investors. He’s waging war against businesses.” In a piece in the Washington Times he warns that inflation could “ratchet higher.” The stock market and corporate profits climb to records, while inflation remains historically low.

...

The only sure way to survive a canopy collision is not to have one.

[phantomII 37]

I don't understand your worries.
The WH is hiring the best of the best of the best.
I know that for a fact, POTUS said so himself.

[NewGuy2005 53]

Does it matter who he selects? Whoever it is will soon be gone.

[kallend 2,027]

NewGuy2005

Does it matter who he selects? Whoever it is will soon be gone.

Well, there is that to look forward to.

...

The only sure way to survive a canopy collision is not to have one.

[RMK 3]

Yes, not exactly the best pick. He’s a “TV” economist, so more about the ratings/entertainment than actual macroeconomics.

He’s been at CNBC for near two decades where it’s all about the show. A few years ago, I was on a CNBC appearance (where you’re in a separate studio and they connect you into a panel with the presenter); they changed the topic last-minute that I was brought on to discuss. We went live and I found we were talking about something entirely different (re a news event earlier in the day). Luckily, I was able to go with the new topic uninterrupted, but this is the working environment that this guy has been in for near twenty years.

"Pain is the best instructor, but no one wants to attend his classes"

[jcd11235 0]

kallend

Trump's new top economic advisor is Larry Kudlow:

1993: Kudlow proclaims in a speech: “There is no question that President Clinton’s across-the-board tax increases on labor, capital and energy will throw a wet blanket over the recovery and depress the economy’s long-run potential.” The economy goes into an eight-year expansion and adds 21 million jobs.

2001: Kudlow writes in National Review about the George W. Bush tax cuts: “Faster economic growth and more profitable productivity returns will generate higher tax revenues at the new lower tax-rate levels. Future budget surpluses will rise, not fall.” Tax revenue falls, and the budget goes from surplus into deep deficits.

2002: Kudlow, arguing for war in Iraq, writes in National Review: “The shock therapy of decisive war will elevate the stock market by a couple-thousand points.” The market falls and the Dow Jones doesn’t get that couple-thousand-point elevation for years.

2007: Kudlow wrote on Dec. 7, 2007, in National Review, “Despite all the doom and gloom from the economic pessimistas, the resilient U.S. economy continues moving ahead.” “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.”. Biggest recession in seven decades follows immediately.

2009: Kudlow says in an interview: “President Obama is waging war on investors. He’s waging war against businesses.” In a piece in the Washington Times he warns that inflation could “ratchet higher.” The stock market and corporate profits climb to records, while inflation remains historically low.

An "economist" without a maths background is merely a politician. Supply-side/trickle-down economic policy doesn't work well in theory, nor do historical data suggest it works well in practice.

Math tutoring available. Only $6! per hour! First lesson: Factorials!

[billvon 2,995]

>Yes, not exactly the best pick. He’s a “TV” economist, so more about the
>ratings/entertainment than actual macroeconomics.

Which makes him a perfect match for Trump. Trump is all about ratings, not egghead ivory-tower topics like the economy or the budget.