[Travis McGee]

Peter Schiff on Kudlow and Co., 8-28-2006

[Smokin' Joe]

BTTT

[TigerLikesRooster]

I hope we go through thorough natural selection against these irrationally exuberant morons, before the current disaster is over.

[CodeToad]

All of America seems to have the head-in-sand condition. Corporate America is just as bad. Most execs and managers never seem to see the doom coming yet every employee is screaming about it. It is pure laziness. As long as they are getting a paycheck and can go home at 5:00 they believe things will be just fine.

[AndyJackson]

Interesting video. How did Laffer get to be such a shill for then status quo, which has not worked out quite like he predicted. While the guy might have been right on the impact of taxes, he is in idiot.

Laffer staked a penny and his sacred honor on the current.

Laffer - "seignorage gain" is what he calls it when we run a $60B per month trade deficit. He also claims that families have 2 incomes because the "love their work."

I think Laffer lost the bet.

[nicmarlo]

The declared expectations by the “oh so wise ones” concerning jobs would be that there would be 25,000; however, the reality is that 63,000 were lost. That’s in the public sector.

The private sector lost 101,000 jobs.

Manufacturing lost 52,000 jobs.
Construction lost 39,000.
Restaurants and health care lost 19,000 and 37,000, respectively.

Yeah.....a “broken clock” is right twice a day.

FOFLOL

[meadsjn]

Predicting this mess hardly required a prophet, or even an expert.

What I find difficult to believe is that all the preachers of the faux prosperity over the past eight years could believe their own BS.