tag:blogger.com,1999:blog-2465218320110051787.post6660532293700382854..comments2023-03-26T00:30:57.196-07:00Comments on Kudlow on Intrade: The Dumbest Story Ever ToldIntradehttp://www.blogger.com/profile/07420920711130341735noreply@blogger.comBlogger63125tag:blogger.com,1999:blog-2465218320110051787.post-71703921748951721472008-11-04T13:35:00.001-08:002008-11-04T13:35:00.001-08:00SRQ? said : 100% gold backed banking? Are you...<b>SRQ?</b> <i>said</i> :<br><br> 100% gold backed banking? Are you nuts man? Either I can't detect your sarcasm (you can work on that) or you can't read a history book...Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-58293973865979275192008-11-04T11:58:00.001-08:002008-11-04T11:58:00.001-08:00SRQ said : What I think is so funny is that al...<b>SRQ</b> <i>said</i> :<br><br> What I think is so funny is that all the Obama sheep are incapable of realizing that Obama isn't perfect. Anyone who implies that Obama isn't the greatest man who has ever walked the earth is immediately attacked as spouting "Republican talking points." Ha ha. Hey Obama sheep: get a clue! All politicians are crooks, even yours. BTW, tax cuts always make sense and always benefit everyone. Those evil rich people you seem to hate so much? You can tax them enough to put YOUR job in jeopardy. Baaaaaahh.Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-77732055982055701082008-11-03T10:48:00.001-08:002008-11-03T10:48:00.001-08:00Toxicbananas said : Cameron, is it mere coinci...<b>Toxicbananas</b> <i>said</i> :<br><br> Cameron, is it mere coincidence that Bush I had a poor economy, Clinton had one of the best in our history. And then with Bush II it quickly went to poor economy, and then from poor to really bad. This guy talks about "economic growth" under Bush without mentioning any numbers. Compared to the growth under Clinton it looks like we're walking backwards.<br /><br />It's not all coincidence. Deregulation leads to corruption, and corruption is simply bad for the economy.Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-11937848323536729182008-11-03T02:42:00.001-08:002008-11-03T02:42:00.001-08:00Jeff said : The dumbest story I heard was the ...<b>Jeff</b> <i>said</i> :<br><br> The dumbest story I heard was the governor of California explaining that Obama should have used the campaign funds he spent on his 30-minute infomercial to pay off the debts of the American banks. According to Gov. Schwarzenegger, he could have rescued several major banks. Now who's missed the boat?Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-182429523218289972008-11-03T00:30:00.001-08:002008-11-03T00:30:00.001-08:00See the future said : Mr Kudlow, I've been...<b>See the future</b> <i>said</i> :<br><br> Mr Kudlow, I've been reading your comments and have found that your comments tend to lean so much to the right that it has become painful to digest them. Obviously you have reaped tax cut benefits during the Bush years and so have I. But I stronly disagree with your position. Bush has not done a single deed that merits any accomplishment: 9/11, Katrina, economic melt-down, Iraq. He may not be the cause for the economic melt-down but he should have seen/read signs for this melt-down coming. This Republican President, Bush, has managed to grow this government to a size that hasn't seen in years plus the deficit that is a national embarrassement. His incompetence has completely changed the faces of the American economy. Government has bought the banks, and the mortgage industry, we have been allowed to live off of $ from the Chinese, thus the never-seen deficit. Bush may not be at fault but he sure hasn't done anything to help or prevent the crisis. We're bordering a socialism in our economy and colonialism in our foreign policies, thanks to Bush. This country is no longer that free-economy, small government we all love. This all changed in the Republican Presidency and that's what's at stake in this election.Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-45008089102788418162008-11-02T21:18:00.001-08:002008-11-02T21:18:00.001-08:00dave said : Mr. Kudlow I believe the gist of t...<b>dave</b> <i>said</i> :<br><br> Mr. Kudlow I believe the gist of the trickle down logic goes something like this: cutting taxes allows everyone to profit. It especially allows large earners to profit. These profits are presumably reinvested in the economy, causing it to grow and raising the wealth of all. This is all fine and good. However, as large swathes of the companies and inviduals invest these profits, we might expect bubbles to form in asset classes which are in vogue. Housing, say. When these bubbles collapse it tends to mess with neighboring asset classes. When bubbles collapse in a big way, banks fail. When banks fail in a big way, governments fail. This, of course, we wish to avoid.<br /><br />So is cutting taxes a bad thing? No, and Obama wouldn't say it is. But can adopting a completely hands-off approach to regulation, which Obama refers to as on of "Bush's failed policies," a bad thing? Yes. <br /><br />Hence, while Obama's description of our shrinking economy as a result of "Bush's failed policies" may leave out some of the lineage, it is by no means untenable.Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-20355966911346467632008-11-02T20:35:00.001-08:002008-11-02T20:35:00.001-08:00manthan33 said : hey larry how is socialism?
...<b>manthan33</b> <i>said</i> :<br><br> hey larry how is socialism?<br /><br />you love it dont you?<br /><br />you also love making love with george w bush dont you?Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-2525792795972785242008-11-02T19:44:00.001-08:002008-11-02T19:44:00.001-08:00VIETVET said : YOU AND THOSE LIKE YOU ARE EVER...<b>VIETVET</b> <i>said</i> :<br><br> YOU AND THOSE LIKE YOU ARE EVERYTHING THAT'S WRONG WITH THIS COUNTRY. WE NEED TO GET OUR COUNTRY BACK FROM YOU AND YOURS BEFORE THIS COUNTRY DISAPPEARS. REMEMBER, WE'RE ONLY ABOUT 230 YEARS OLD. NOT VERY OLD. YOUR KIND WILL DESTROY WHAT COULD HAVE BEEN MANKIND'S GREATEST EXPERIMENT. PLEASE LEAVE!Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-4559230294817908332008-11-02T18:06:00.001-08:002008-11-02T18:06:00.001-08:00Yadda said : Larry, so yo got a call from GE t...<b>Yadda</b> <i>said</i> :<br><br> Larry, so yo got a call from GE telling you to shutup? Why isn't your show on anymore? GE is corrupt.Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-63604561860459733482008-11-02T17:33:00.001-08:002008-11-02T17:33:00.001-08:00jim said : Kudlow: You've been so biased i...<b>jim</b> <i>said</i> :<br><br> Kudlow: You've been so biased in your columns I'm surprised you're not introducing the brilliant John McCain ("The fundamentals of the economy are strong") at his rallies. "Spreading the wealth" has always been a Republican goal as income for the poor and middle class declines while the rich get richer. The top 1 percent of earners pulled in about 8 percent of all income in 1972. Today, the top 1 percent suck up about 22 percent of all income. Which camp are you in, Kudlow?Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-10842749261991653152008-11-02T13:09:00.001-08:002008-11-02T13:09:00.001-08:00asdf said : jjjjjjjjjjjjjj<b>asdf</b> <i>said</i> :<br><br> jjjjjjjjjjjjjjIntradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-51875371131700057762008-11-02T11:37:00.001-08:002008-11-02T11:37:00.001-08:00SRQ said : Yeah, so Obama's wrong about th...<b>SRQ</b> <i>said</i> :<br><br> Yeah, so Obama's wrong about the economy. Duh. So, is Bush, McCain, Kudlow, and nearly everyone who ever talks about the economy. Recessions are caused by a necessary contraction of investment following a period of inflation, easy credit, and mal-investment. It happens every time. Want to stop recessions from happening? Fire the FED and go back to 100% gold backed banking.Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-3031236106156560142008-11-02T07:14:00.001-08:002008-11-02T07:14:00.001-08:00brain said : Nice Republican talking points at...<b>brain</b> <i>said</i> :<br><br> Nice Republican talking points at the end there.Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-88197181679715394022008-11-02T06:54:00.001-08:002008-11-02T06:54:00.001-08:00hmp said : The "prosperity" of the l...<b>hmp</b> <i>said</i> :<br><br> The "prosperity" of the last five years, like the "prosperity" of Republican administrations since Reagan, is the result of running up the national debt, and redistributing wealth to the upper class which committed it to financial assets.<br /><br />If we want to truly understand the depth of Kudlow's understanding of the markets and the economy, replay some of his program tapes, where he praises the "goldilocks stock market," and the "greatest story never told" about the American economy. As recently as this past summer, Kudlow didn't see anything coming.<br /><br />While whining about it, he has begged for the various socialist bailouts of the markets, which patently demonstrate how wrong his "Free Markets" premise has been.<br /><br />Kudlow and his rich buddies are all about "ME," not satisfied that they already own everything, and crying about actually having to still pay SOMETHING in taxes. The middle class (and the economy as a whole) fared far better during the 60s, when income tax rates were far far higher than they are now. Median real income increased 39% during the sixties, and have fallen since.<br /><br />The Reagan era is now finally over, and all we have left is the hangover and the bills our children and grandchildren will have to pay.Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-6896643261732282132008-11-02T04:49:00.001-08:002008-11-02T04:49:00.001-08:00CaldwellFarms said : A very thoughtful comment...<b>CaldwellFarms</b> <i>said</i> :<br><br> A very thoughtful comment which I picked up on a web site. I am in complete agreement. The orange jump suits are too good for these people including Kudlow.<br /><br />by literaryguru | November 1, 2008 at 09:37 pm<br /><br />If... As America sits poised for what is the most momentous election of a generation, there is one possibility that lacks a realistic prediction: Obama loses. The frontrunner of a groundswell that began more than 2 years ago, the personification of a backlash to the Republican stranglehold on America’s character, Obama holds the hopes and dreams of a generation on the brink of spiritual and economic bankruptcy. If he fails, expect shock, anger and violence.<br /> With a confident lead in the polls and an opponent using nothing more than malicious rhetoric to drag him back, a loss at this point would enrage a public desperate for change; desperate for a way out of the bleak condition the Republican Party has left this damaged superpower. With nothing more than an Obama T-shirt left to remind them of the one last chance at hope that was stolen by lies and political games, the frustration and rage that will follow will manifest itself in the streets of Chicago, New York, Los Angeles, Miami and New Orleans. America itself will bleed.<br /><br /> You can expect people who lost their homes, their jobs and their lives to turn to aggressive and even criminal means to feed their families. Expect millions without healthcare to trade hope for anger. Expect the middle class, losing their futures to corporate America's greed, blatant sense of entitlement and government collusion, to act in a manner subversive to the government that stole their retirement. Expect renewed attacks from foreign enemies, galvanised by the idea of 4 more years of arrogant, neoconservative foreign policy without a shred of diplomacy in its mandate. Expect the Iraqi people, tired of American possession of their country, to return to the levels of violence from 2 years ago. If Obama loses, there will be consequences that no one seems to be talking about. <br /><br />I just thought I’d mention it.Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-19779970175347435412008-11-02T04:08:00.001-08:002008-11-02T04:08:00.001-08:00Damon said : Why doesn't Kudlow talk about...<b>Damon</b> <i>said</i> :<br><br> Why doesn't Kudlow talk about the decline of the dollar during the 8 years of the Bush administration? The one trend that explains the both rise in US equity markets and the rise in commodities is the devaluation of the US dollar. The grow in the economy under Bush was a "nominal" growth due to the weak dollar.<br /><br />In contrast, under Clinton's "high tax" regime, we had a great economy, low interest rates, low unemployment, a budget surplus, AND a strong dollar.Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-86854805447876146112008-11-02T02:41:00.001-08:002008-11-02T02:41:00.001-08:00Jerry said : Kudlow get lost. What a hack. Lik...<b>Jerry</b> <i>said</i> :<br><br> Kudlow get lost. What a hack. Like the Huffington Post. An insult to "free market."Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-14583210073765855802008-11-02T02:13:00.001-08:002008-11-02T02:13:00.001-08:00feetontheground said : every time we run a def...<b>feetontheground</b> <i>said</i> :<br><br> every time we run a deficit and spend a dollar we do not have we have the tax increase associated with that. i guess bush does not want to take responsiblity for that. then we have the interest we have to pay on that until it is paid off ... so, a deficit spent dollar is more than a dollar's tax increase, as well as a tax increase because to get the same amout of revenue we have to tax more to make up for having to pay interest on the debt.<br /><br />these conversations are mostly delusional partisan politics.Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-92149451478187352342008-11-01T19:36:00.001-07:002008-11-01T19:36:00.001-07:0012tilis said : kudlow would embrace sponge bob...<b>12tilis</b> <i>said</i> :<br><br> kudlow would embrace sponge bobs ideas if he ran on a republican ticket. so his second best choice palin!Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-12972199295627141102008-11-01T19:33:00.001-07:002008-11-01T19:33:00.001-07:00psychomotikon said : umm...am I missing someth...<b>psychomotikon</b> <i>said</i> :<br><br> umm...am I missing somethign here, but don't we actually have to pay for the wars in Iraq and Afganistan? Don't my neighbors have to eventually pay for their 4000 squaref foot grosstrosities? Bush's tax cuts were just hush money for stealing 2 elections. It won't happen again.Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-2135466318054409652008-11-01T18:40:00.001-07:002008-11-01T18:40:00.001-07:00Cameron said : I have to admit that Mr. Kudlow...<b>Cameron</b> <i>said</i> :<br><br> I have to admit that Mr. Kudlow does have a point about the Bush tax cuts. They did help boost the economy and got us out of the small recession that we were entering in 2001. I believe that Sentor Obama is incorrect when he states that the Bush tax cuts wer not good for America and when he blames Bush for the way that the economy is today. It is no more Bush's fault that we have a bad economy then it is Clinton's when we had a good economy. President's and there policies do affect the economy, but there are always other forces at work that can help or hinder those policies. If president's really controlled the economy as much as people think, we would never have a bad economy.Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-18530838679036085722008-11-01T17:54:00.001-07:002008-11-01T17:54:00.001-07:00rich said : Wow, for a second, I thought the a...<b>rich</b> <i>said</i> :<br><br> Wow, for a second, I thought the article was going to be the belief that Obama might win is causing the stock market to meltdown.Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-38087537957541118422008-11-01T17:18:00.001-07:002008-11-01T17:18:00.001-07:00eagleyes said : The dumbest story ever told is...<b>eagleyes</b> <i>said</i> :<br><br> The dumbest story ever told is Kudlow's Goldilocks Economy!!Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-56075037932258820752008-11-01T17:16:00.001-07:002008-11-01T17:16:00.001-07:00eagleyes said : Do we still have a "goldi...<b>eagleyes</b> <i>said</i> :<br><br> Do we still have a "goldilocks" economy?? By the way, Obama never said the tax cuts (for the big boys) was the cause of this mess. What he did say (correctly) is that Dubya's tax cuts contributed to the redistribution of wealth from the many to the few.Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.comtag:blogger.com,1999:blog-2465218320110051787.post-49291366686270812642008-11-01T16:37:00.001-07:002008-11-01T16:37:00.001-07:00John in Michigan, USA said : To Crow, norseman...<b>John in Michigan, USA</b> <i>said</i> :<br><br> To Crow, norseman, and all the others complaining that capital gains are taxed at a lower rate than income:<br /><br />Time for you to LEARN.<br /><br />First look at MichaelM's post with IRS facts - 45% of US taxpayers PAY NO INCOME TAX. This is due to refundable credits. Therefore their income tax rate is ZERO (0%) or NEGATIVE. Their capital gains, if they have any (and some do, as even these 45% own houses) will be 5% (since people earning below about $30,000 pay a lower capital gains rate than others) or 15%.<br /><br />So for 45% of Americans, their income tax rate is MUCH lower than their capital gains rate.<br /><br />People earning between 45% and 75% of the typical income pay about 13% of all income tax. It is hard to calculate their effective income tax rate, but it is probably at or below 15%. For this group income tax rate and capital gains tax rate is about equal.<br /><br />Only for people earning 75% or more of the typical income is their income tax rate greater than the capital gains tax rate.<br /><br />But there's more to it than that! Short-term capital gains are taxed at much higher rates.<br /><br />And still more! Some capital gains are derived from company profits. Profits are taxed once as corporate income, again as capital gains. This double taxation means the effective tax rates on this type of capital gains is much higher than the published capital gains tax rate.<br /><br />But it gets worse - The Democrats want to repeal the Bush capital gains tax cuts which will RAISE the capital gains tax rate on the poor from 5% to 10%, so when they sell their houses, they will pay more! WTF?!?Intradehttps://www.blogger.com/profile/07420920711130341735noreply@blogger.com