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--except we need to remember that our goal is truth and reality, and not some vain effort to convince those who're delusional by choice.
larry is a moron. He’s the type of person that gives capitalist a bad name. If you’re a believer of capitalism, theres no way you could believe any of the current policies can lead to prosperity. Capitalism is a economic philosophy. You either believe it or you don’t.
Let's begin with the March employment numbers recently released by the Labor Department. Those numbers were solid. People say small businesses are getting killed by taxes and regulations from Washington, but the reality is thatthe small-business household employment survey has produced 1.1 million new jobs in the first quarter of 2010, or 371,000 per month. If that continues, the unemployment rate will drop significantly.<./b>
THIS number from the BLS is completely made up. It is the BLS best GUESS. There is NO way to accurately measure this number. What Larry is arguing is "trust the Government". Sorry we know better. Given Obama's regimes past history of inflating the initial numbers then quietly adjusting them downward later in the month, it is utterly foolish to take any of their numbers at face value.
The great zero is claiming his policies are causing the improvement, such as it is.
His policies, in reality, are going to tank the economy in a big way. We’ve got to look past the end of our noses and see what’s coming if we allow the great zero and congress to persist in their economic folly.
Of one other thing to ask Larry. Considering the billions of dollars being written down by corporations right now to pay for Obamacare, just how long does he think this “v shaped recovery” going to last?
is that why so many businesses are closing, almost weekly, because we are headed to recovery?
I don’t know who this moron is, but he sure isn’t much of an economist. Obama butt bot is more appropriate.
Why do these creeps always come out of the wood work ...
What about default? If we can’t avoid default then it doesn’t matter what the shape of the recovery is right now.
its time to buy rice, ammo and toilet paper... Svckers rally... Yes, that’s a ‘v’ in suckers ;)
The slope of the right side is near flat. There is an upward trend but the slope value is small.
It is similar to a hockystick, not a v. :}
Who’s numbers? Cooked Books anyone? He must be limiting his reading sources. Last I looked, the Republics of Kalefornia and New Yuk are about to collapse. Since either is greater in size than most of the European Socialist Combined; America, I think we have a problem.
Yes, it is Larry. And, this is the form of capitalism that has ruined our country. Look at the now and make your money and to hell with the long term outlook!
Capitalism, like socialism loses its credibility when it espouses taking profit in the short term to the detriment of the long term.
Giving Obama and credit for this small spike is absurd. I STILL don't know what the market is growing on.
If it is to be a “V” it will be a peculiar one. This “V” already has a wide flat bottom, if bottom it be.
I have written extensively about the tax-and-regulatory threats of the Obamanomics big-government assault. But most of that is in the future.
But, Larry, business makes decisions about expansion based on perceptions of the future business climate. It's clear that, if Obama's policies are implemented, the climate will be dismal.
Apart from health care uncertainty, there's the specter of CO2 caps that the EPA is implementing very soon as well as quickly rising energy prices with no opportunity to drill in the US.
The economy will undoubtedly improve somewhat, but business is not going to spend any capital on expansion. Economic growth is synonymous with capital accumulation -- we're consuming capital; not accumulating it.
The recovery may, indeed, be "v-shaped", but it will be a distinctly lower-case "v".
Kudlow always is a sunny optimist when it comes to the economy. Nothing new about that. He is what he is.
Of course he is wrong about a recovery. Once the Bush tax cuts expire and taxes go up because of ObamaCare then the economy will tank hard.
....I want to see solid corporate earnings before I’m convinced.
Larry must have had some really good mushrooms on his pizza last night.
Why is it so hard to comprehend that the ONLY thing that is producing these outward (and temporary) signs of “recovery” is MASSIVE and unsustainable spending of money we don’t have and will never be able to repay, by our criminal federal government?
Good article Larry. Yes we are headed on the road to ruin. No that doesn’t mean there are no hills on the road. Pretending there aren’t makes people look as self-delusional as the obamabots. And absolutely true, if we get a clean sweep in November key points could change.
what is he smoking?