Larry Kudlow & Green Shoots
Larry Kudlow is seeing green shoots;
With clear signs of economic recovery on the horizon, some are now calling for an end to the unnecessary stimulus package and a de-TARPing across-the-board. Along with a big rise in the money supply, there’s been a rebound in commodities, a stabilization in housing, falling unemployment claims, a booming stock market, narrowing credit spreads, and rising ISM manufacturing reports.
What do these green shoots tell him?
All this is telling us that additional stimulus is unnecessary.
Scratching his head, Larry wonders about something;
On the eve of recovery, with all this prior spending, why on Earth do we need more?
He then wonders;
Republicans, are you listening?
Now where have you heard this before?
As I have said again and again, you do not need stimulus money when the economy is in recovery.
I am glad that Larry Kudlow has embraced the recovery, it is the only effective way to stop the Obama Stimulus.
I have no doubt over the coming months that more and more conservative commentators will acknowledge the obvious, I only pray that it is not too late.
hat tip-Durman
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June 5th, 2009 at 11:03 am
GE owns NBC and CNBC. They changed Kudlow’s mind for him.
June 5th, 2009 at 11:18 am
Should Democrats have to listen too? Oh— not on this site anymore. We don’t hold them accountable for anything.
June 5th, 2009 at 11:37 am
The Jobs Number is a Joke.
Probing beneath the headline of 9.4% unemployment, which is high enough as it is, we find that the Govt’s “alternative measures of labor utilization” number – the number which more closely tracks an actual bona fide count of jobs lost – shows the real unemployment rate for May is now 16.4%. Here’s the link:
http://www.bls.gov/news.release/empsit.t12.htm
The birth/death model – that nefarious “plug” estimate that Government uses to “fix” the headline reported jobs loss number, added 220,000 jobs to private sector payrolls. If you really want to laugh, you can comb thru the data here:
http://www.bls.gov/web/cesbd.htm
You’ll be amused to see the Govt “estimated” that 77,000 jobs were created by new leisure and hospitality enterprises and 43,000 jobs were added by new construction firms. Those estimates, of course, are completely contrary with the actual economic realities being reported by the very firms who are slashing jobs in those sectors.
George Orwell is smiling in his grave.
June 5th, 2009 at 11:39 am
The Jobs Number is a Joke.
Probing beneath the headline of 9.4% unemployment, which is high enough as it is, we find that the Govt’s “alternative measures of labor utilization” number – the number which more closely tracks an actual bona fide count of jobs lost – shows the real unemployment rate for May is now 16.4%. Here’s the link:
Link
The birth/death model – that nefarious “plug” estimate that Government uses to “fix” the headline reported jobs loss number, added 220,000 jobs to private sector payrolls. If you really want to laugh, you can comb thru the data here:
Link
You’ll be amused to see the Govt “estimated” that 77,000 jobs were created by new leisure and hospitality enterprises and 43,000 jobs were added by new construction firms. Those estimates, of course, are completely contrary with the actual economic realities being reported by the very firms who are slashing jobs in those sectors.
George Orwell is smiling in his grave.
June 5th, 2009 at 11:44 am
Green Shoots, Red Ink, Black Hole
June 5th, 2009 at 12:15 pm
Media finally reports that fake accounting rules led to “bogus” bank profits in Q1
June 5th, 2009 at 12:20 pm
Citigroup’s $1.6 billion in first-quarter profit would vanish if accounting were more stringent, says Martin Weiss of Weiss Research Inc. in Jupiter, Florida. “The big banks’ profits were totally bogus,” says Weiss, whose 38-year-old firm rates financial companies. “The new accounting rules, the stress tests: They’re all part of a major effort to put lipstick on a pig.”
June 5th, 2009 at 12:34 pm
Unemployment is at its highest since the early 1980s. 16.2% of personal income now comes from government benefits programs. Gas prices are increasing with even Goldman-Sachs saying they’ll increase sharply by the end of the year. Obama now personally controls several major U. S. corporations. Almost 400,000 people lost their jobs last month with that likely to rise after the GM “restructuring.” Interest rates are on the rise as tax rates and federal expenditures soon will be. Clearly this is the greatest economy of all time! Obviously Oak Leaf’s mancrush for Obama has blinded him to reality.
June 5th, 2009 at 1:39 pm
Oak,
It would seem the best way to shut down Obama’s pipe dream reconciliation of out of control deficit spending with a concurrent healthy “free” economy is to keep the focus on the of control deficit spending “boldly going where no administration has ever gone before”. Nothing good can come of it. It’s inevitable that the piper will get paid and/or laid with the taxpayer going broke & getting screwed in the process. It’s already happening. Kudlow alludes to this fantasy by titling his post “It’s the printing presses stupid!” He knows that Obama’s economic house of cards will come tumbling down. Not “if” but “when”. It’s time to point this out loud and clear to the idiots in congress who support him. Any short term good the economy will experience will inevitably end, and the question will be: Can what’s left be put back together again? Good luck dismantling the new obamocracy.
June 5th, 2009 at 1:48 pm
Oak Leaf – we get that you are working for the WH because clearly you don’t understand politics. The unemployment rate is touching nearly 10%. Under George Bush, it averaged roughly 5.2. Obama needs to be hammered for the fact that he doubled it.
To say the economy is turning the corner, maybe. But no one really knows. AND if interest rates have to raised (which looks likely), then all bets on a recovery are off. Either you are a liberal plant or just REALLY stupid. I have not decided. You hate gay people so I can’t think you’re liberal.
[In regards to interest rates you are talking like they are punitively high already. Increasing interest rates from NOTHING to SOMETHING is not going to be a hardship on the economy. I would argue that the artificial lowering of interest rates was a defacto tax on the savers of the country. You are singing "Its Herbert Hoover Time." If yes, why have markets recovered so greatly ever since the GOP and its enablers jumped the shark with "Obama Bear Market." By your logic the DOW should have gone from 6,000 on March 8, to 3,000 today not approaching 9,000. The non-political investment markets support my thesis not yours. Oak Leaf]
[In regards to homosexuals, I do not hate them personally, I hate the sin and pray for those that I know. In regards to DADT, with my specific interest in the US Army, I will fully support keeping the policy, eliminating the policy or modifying the policy dependent upon current staff studies that are in progress that are specifically focusing on what junior NCOs and Officers think of the issue pertaining to readiness and the personal safety of those that "do tell." If my junior colleagues tell me that elimination of DADT will not be detrimental to unit cohesion or personal safety, then because of readiness demands, I would support elimination of the policy. My beliefs as an Evangelical do not affect my actions in carrying out policy even though personally I am deeply troubled by the personal behavior. OL]
June 5th, 2009 at 2:48 pm
In reading OL’s response to NYC Steve, there seems to be a communication gap between the two. Steve was not saying that interest rates were already punitively high, but rather that higher interest rates were likely (probably given the fragile state of the economy), at which point all bets would be off for recovery to take place.
It was a deduced throught process, not a pronounced one.
If the markets continue in their upward climb, or even somewhat stabilize where they are, then maybe people can wipe their brow of anxiety.
But, in the meantime, there is just too many conflicting indexes out there, too many economists that think the huge deficits are problematic, and too many plain “folks” who are seeing the economy shrinking around them.
June 5th, 2009 at 3:01 pm
As a tag line to above comment — this is an experiential recession/depression — one that is “felt” more by people because of the concrete signs all around them.
The Washington elites can manipulate statistics, like how people were breaking down the unemployment figure to be much higher than the actual 9.4% which is being reported today.
I know personally, my 22 year old son is out of work. And, I can’t even add up the number of friends and recent college graduates who are either living at home or feel lucky having an entry-level part time job (which is being counted in employment stats as being fully employed).
This is the reality of what is going on — the stock market sometimes seems like an investor’s fantasy game.
June 5th, 2009 at 3:47 pm
Limbaugh Dance Boogie!
June 5th, 2009 at 9:17 pm
Hey Oak Leaf. You must go BOLD OVER Poli’s new post and set him straight.
He’s not embracing the recovery. Show us what you got. Go get ‘im!
[The Obama Administration will use the whining that the "Great Depression is around the corner" to not only bring forward the Obama Stimulus but bring on more government spending. I supported Bush's Stimulus because all indicators were collapsing. Once "green shoots" started popping I said STOP, not needed anymore. But go ahead, five Obama and Biden all the help they need. With "enemies" like yourself to help them, I am sure they can come up with a stimulus every six months. OL]
June 6th, 2009 at 7:35 am
[The Obama Administration will use the whining that the "Great Depression is around the corner" to not only bring forward the Obama Stimulus but bring on more government spending. I supported Bush's Stimulus because all indicators were collapsing. Once "green shoots" started popping I said STOP, not needed anymore. But go ahead, five Obama and Biden all the help they need. With "enemies" like yourself to help them, I am sure they can come up with a stimulus every six months. OL]
OL,
I thought you were against the TARP? By the way, how did the automobile bailout turnout? The two companies (GM and Chrysler) are now owned by US government and the UAW. Under a normal bankruptcy proceeding, the bond holders for these two companies would have been first in line to be re compensated. Instead, the bond holders are now riding in the back of the bus (if not thrown under the bus) while the UAW (a major Obama contributor) got a sweetheart deal. Look for GM and Chrysler to look more like Amtrak (how did that government takeover work out?) as the years go by.
June 6th, 2009 at 9:11 am
Why are you BOLDING OVER my post?
Don’t you have the balls to post of Poli’s thread?
I’m nobody. Go get the big guy. He’s a more dangerous and powerful enemy.
WE’RE ALL WAITING FOR THE SHOWDOWN!
June 18th, 2009 at 7:24 am
I think the Republics have got some serious changing to do in order to clean up their image. Otherwise, the democrats are going to stay in power for a long time. – acai
July 31st, 2009 at 6:24 am
Now a days Resveratrol considered as the most potent anti oxidant of 21st century. Resveratrol is found in the skin of certain plants such as red grapes, raspberries, mulberries, blueberries, cranberries and red wine. It is mostly concentrated in red wine. It is known as ‘phytolexin’, which is produced by plants to fight the bacterial and fungal infections of the plant.
Resveratrol
November 27th, 2009 at 10:08 am
This is getting a bit more subjective, but I much prefer the Zune Marketplace. The interface is colorful, has more flair, and some cool features like ‘Mixview’ that let you quickly see related albums, songs, or other users related to what you’re listening to. Clicking on one of those will center on that item, and another set of “neighbors” will come into view, allowing you to navigate around exploring by similar artists, songs, or users. Speaking of users, the Zune “Social” is also great fun, letting you find others with shared tastes and becoming friends with them. You then can listen to a playlist created based on an amalgamation of what all your friends are listening to, which is also enjoyable. Those concerned with privacy will be relieved to know you can prevent the public from seeing your personal listening habits if you so choose.