There’s a common view, mostly a pop culture thing, that Republicans know something about the economy. This would be a helpful reminder:
October 12, 2012
The Coming Romney Boom
Mitt can jump-start the economy even before tackling tax reform.
By Mona Charen | National Review
If Mitt Romney is elected and secures Republican control of both houses of Congress, the U.S. could be poised for a vertiginous economic snap back.
This is what they always say. Our hero’s very presence will still the waters and right the ship. A sly look in Wall Street’s direction will ignite a fiscal orgasm. These are the world’s rock-ribbed realists going Our Lady of Lourdes for Capitalism: The Science of Markets. These are also the same people who, top to bottom, to the last woman and man, swore that the previous bunch of geniuses (the kids who mangled the world economy with their clever tax cuts and innovation and de-regulation, that timeless grift now known as ‘The Romney Plan’) were as fucken’-a as this new genius is.
December 7, 2007
Bush Boom Continues
By Larry Kudlow | National Review
There is no recession. Despite all the doom and gloom from the economic pessimistas, the resilient U.S economy continues moving ahead—quarter after quarter, year after year—defying dire forecasts and delivering positive growth. In fact, we are about to enter the seventh consecutive year of the Bush boom . .
Earlier today, a doom and gloom economic forecast from Macro Economic Advisors was released predicting zero percent growth in the fourth quarter. This report is off by at least two percentage points. These guys are going to wind up with egg on their faces.
Larry would have to pull his head out of the ass of a Tyrannosaurus Chicken in a hurricane to start getting the egg off his face. This opinion is a candidate for Atomically Stupid Things Said For All Time (We Couldn’t Have Made This Up) regarding economics punditry. The Great Recession had already begun, but Larry saw nothing but golden skies everywhere.
There’s no recession coming. The pessimistas were wrong. It’s not going to happen. At a bare minimum, we are looking at Goldilocks 2.0. (And that’s a minimum). Goldilocks is alive and well. 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.
Kudlow formerly worked as an associate director for economics and planning in Reagan’s Office of Management and Budget, and was the former chief economist for Bear Sterns. And no Democrat, not one anywhere in the party, is this stupid. Why are Republicans so bad at knowing the economy? I don’t know. It’s just a fact.