Wednesday, September 22, 2010

He's got a Nobel Prize in Economics, Larry Kudlow has done an African Nation's GDP worth of blow

Naturally, we know who the right-wingers are going to believe:

Suppose you had spent the last five years actually believing what you read from the usual suspects — the WSJ opinion pages, National Review, right-wing economists, etc.. Here’s what would have happened:

In 2006 you would have believed that there was no housing bubble.

In 2007 you would have believed that the troubles of subprime couldn’t possibly spread to the financial system as a whole.

In 2008 you would have believed that we weren’t in a recession — and that the failure of Lehman was unlikely to have bad consequences for the real economy.

In 2009 you would have believed that high inflation was just around the corner.

At the beginning of 2010 you would have believed that sky-high interest rates were just around the corner.


Privatize the Profits! Socialize the Costs! said...

Hey, dumbshit! Paul Krugman has just written a column all about you: "The Angry Rich".

Anonymous said...

you can't see the house is on fire if you are inside. hell, i called bullshit on greenspan in 2004. actually i saw his venal sorry ass in 2001 when he licked georgee's stupid ass.

DrDick said...

The only thing that will get you barred from our public discourse is challenging the conventional Village wisdom and consistently being right.

AKjah said...

I am still waiting till someone give's me a few acres of land. At some point it just makes sense.

pansypoo said...

sheeple make it easy for the wolves to pick off the stupid when there aren't any watch dogs.