Replies to post #350959 on Tornado Alley (PROG)

[blackhawks]

Wolfers, who is Australian, says since “you can’t just have a peeing end of the pool,” the rest of the country has had to take far greater precautions, “which has also suppressed economic activity” once again.

This pool also has tootsie rolls Like Trump, Kudlow and Munch in it

[fuagf]

Many had Kudlow pegged from the beginning.

Paul Krugman, May 2016 - Trump and Taxes

[...]

But what’s really interesting is whom, according to Politico .. http://www.politico.com/story/2016/05/donald-trump-taxes-tax-reform-223041 , Mr. Trump has brought in to revise his plans: Larry Kudlow of CNBC and Stephen Moore of the Heritage Foundation. That news had economic analysts spitting out their morning coffee all across America.

For those who don’t follow such things, Mr. Kudlow has a record of being wrong about, well, everything. In 2005 he ridiculed .. http://www.nationalreview.com/article/214729/housing-bears-are-wrong-again-larry-kudlow .. “bubbleheads who expect housing-price crashes in Las Vegas or Naples, Florida, to bring down the consumer, the rest of the economy, and the entire stock market” — which was exactly what happened. In 2007 he predicted three years of “Goldilocks .. http://www.realclearpolitics.com/articles/2007/11/three_more_years_of_goldilocks.html ” prosperity. And on and on.

Mr. Moore has a comparable forecasting record, but he also has a remarkable inability to get facts straight. Perhaps most famously, he once attempted to rebut, well, me with an article detailing the supposed benefits of state tax cuts; incredibly, not one of the many numbers .. http://www.cjr.org/united_states_project/stephen_moore_heritage_foundation_paul_krugman_kansas_city_star.php?page=all .. in that article was right.

So why would Mr. Trump turn to these of all people to, ahem, fix his numbers?

It could be a peace offering, an attempt to reassure insiders by bringing in Mr. Kudlow and Mr. Moore, who are influential members of the Republican establishment — which incidentally tells you a lot about their party.

But my guess is that the explanation is simpler: The candidate has no idea who is and isn’t competent. I mean, it’s not as if he has any independent knowledge of economics, or even knows what he doesn’t know. For example, he keeps asserting that America has the world’s highest taxes .. http://abcnews.go.com/Politics/week-transcript-donald-trump/story?id=38951757 , when we’re actually at the bottom ..

Many angry denials that US is low-tax country. Mostly rightists, but some "anything Hillary shill says is wrong" pic.twitter.com/h1oBfmnJpM

— Paul Krugman (@paulkrugman) May 9, 2016

.. among advanced nations.

So he probably just went with a couple of guys he’s seen on TV, assuming that they must be there because they know their stuff.

Now, you might wonder how someone that careless and incurious was such a huge success in business. But one answer is, how successful was he, really? What’s in those tax returns?

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=125141666

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Ian Salisbury, March 2018 - 5 Times Trump's Favorite Economic Advisor Has Been Spectacularly Wrong About the Economy
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139293620

Paul Krugman, June 2018 - Trump’s Potemkin Economy
[...]
But the most Potemkinesque story of the past week was the declaration by Larry Kudlow, the administration’s top economic official, that the budget deficit is “coming down rapidly” as “those revenues come rolling in .. https://www.marketwatch.com/story/this-is-how-larry-kudlow-defines-a-falling-deficit-2018-06-29 .”
P - Actually, the deficit is rising fast, mainly because of a plunge in corporate tax receipts — the direct result of the tax cut:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143311261

[DrContango]

“A Used-Car Salesman, Both in Demeanor and Honesty”: Larry Kudlow


stick with the winners!

the best is yet to come!!!

Doc

[fuagf]

Hmm. a clown?