Examples of Larry Kudlow predictions:
Via Brad Delong comes two pedictions FROM 2008/09 from our current economist in the White House here.
Larry Kudlow (December 7, 2007): Bush Boom Continues: “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…
Larry Kudlow (February 5, 2008): “I’m going to bet that the economy will be rebounding sometime this summer, if not sooner. We are in a slow patch. That’s all. It’s nothing to get up in arms about…
I have seen a lot of incompetent people in my life who have actually succeeded, but nothing like this guy. It is a fen miracle for him, and a fen shame for us.
As I noted over at Brad’s place, Kudlow’s 2004 prediction on an Iraqi oil boom leading to oil prices = $12/barrel was almost as bad as DOW 36000.
EMichael – Kudlow is paid to mislead. He is very competent at that.