Kudlow's just scared the mean old Democrats are going to tax his income more and he'll have less money for cocaine.

Kudlow is a parody of himself and takes pride in it.

i realize it's hard to accept, steve, but there are many right-wingers in this fair land who are perfectly happy to spend their days crafting propaganda....

It's not breaking even. Factor in the 40-60% drop of the US dollar against all major currencies and that's a serious loss.

Easy cover for all those lousy prognostications by Krudlow. Blame the Dems. In Kraplow's world (a scary place I suspect) Wall St's never to blame for this economic mess. No siree.

Yeah, and hammering Mccain on the 7 houses retroactivley hurt June home prices.

That's what economics is all about: staring with a political agenda and cherry-picking statistics.

Reminds me of the story about the Jew who read the anti-semitic press. Asked by a friend why he read those newspapers, he was told, why not/ In their newspapers Jews control the world and are all rich. I guess the Democrats need to read the Corner to learn about their true power.

Barry Ritholz at bigpicture.com (an actual market realist who pokes at Larry "Goldilocks Bush Economy" Kudlow on a regular basis) had another good point. With McCain closing the gap and in some polls pulling ahead of Obama last week, you'd think the markets would be soaring!

"Second, on the day George W. Bush was sworn into office in January 2001, the Dow Jones stood at 10,732.46. As I'm typing, it stands at 11,427.44."

a better thing to note is how high the dow jones got while bush was president, and how far it has slid since it reached its peak. that's why the dow jones is falling (still), not the convention.

jeez......

Kudlow's totally full of it. The real reason the Dow dropped is because my enemies were able to successfully get me stuck in a traffic jam that delayed me considerably from getting where I was trying to go. And that got me so angry that a bad karma wave swept over the country momentarily; thus depressing the markets enough to cause the big dip. By the time I got out of traffic, it was too late to rally. And for that, I apologize.

Every event in the universe is directly tied to me and my pet issues. Deal with it.

Kudlow is nothing but an ideological shill who is guilty of the using the "post hoc, ergo propter hoc" argument. (Because B follows A, therefore A caused B.) Morons like this with media access contribute to dumbing down of America!

U.S. stocks got off to a rocky start this week as concerns about weakness in the housing market and volatility in oil prices continued to gnaw at investors.

I hate those whiny, weak-kneed investors. Don't they realize how great the economy is, that we in no way are in a recession and how good they really have it? It's all in their heads.

People like Kudlow are all for class warfare, as long as the middle class is unilaterally disarmed first.

I've got Republican friends who seriously insist that oil prices came down because President Bush said we should do more offshore drilling. Such is the power of Republicans that they can change world markets by the mere mention of taking action that will add supply to those markets a decade in the future.

The two worst bear markets of the past 30 years happened under Nixon and Bush II. The single strongest bull market happened under Clinton.

You wonder if Cokehead Kudlow really believes this stuff. This is a guy who was once chief economist for Bear Stearns, and it's scary to think that someone in that position could be that stupid. Then again, we now have a better idea of how Bear Stearns was actually run...

There was no news in the Dem speeches. I guess Kudlow the Klown never heard of the Efficient Markets Hypothesis. Besides, the stock decline was during the day and those speeches were later at night. Pre Hoc Propter Hoc???

..and the prospect of a gay parade on the day Katrina hit caused the demise of N.O.

Such active imaginations...

Fortunately I recently shorted 10,000 shares of the Dick Cheney Georgian Opportunities Fund. I'm flying down Easy Street, suckas.

I'm almost CERTAIN that the market closed well before the Democratic Convention started.

It's pretty hilarious, especially when you take into account these right-wing pro-market articles of faith:

1. The Democrats always call for the same thing: 'class warfare' and 'tax the rich':
2. The market efficiently takes into account all available information;
3. Prices will therefore already have taken into account what the Dems would say at their convention.

So the only way Kudlow could be right, in his own universe, is if the markets were suddenly suirprised yesterday that the Democrats were having a convention.

Is there a reason people like him are responded to as if they argue in good faith? They're cynical political operatives.

"Card-check for the Unions to stop secret elections."

Uh huh. Since people take their cards back any time they want, when you hit 51%, it's not a secret—just an election.

But I guess that's an Evil Thing.

breaking even??????

Hell no.

You need to factor in REAL INFLATION during each period.

Factoring in the inflation since 2001 -- the real returns on the Dow are down at least 20%. The indexes are only up due to about $4.5 trillion in additional debt.

and then I just saw him trot out a JFK quote suggesting that he loved Kennedy's philosophy for cutting the tax rate.(which an Obama economic surrogate quickly noted was at 91 PERCENT at the time)He said he was gonna post the quote on his blog he loved it so much. I wonder if he'll mention the 91% vs 36% difference of the past 47 years.

Tommy is quite right. When comparing Dow (or any stock averages)across time, one must adjust for inflation. Right now, the Dow is about where it was in 1997. Why the Dems don't make a bigger deal out of this is a mystery to me. Weren't the Republicans pushing the "1/2 of households own stock" line in 2004 (even tho' most of us have little income from stock).

As far as Kudlow goes, I've always thought that he was a liberal mole at the Nat'l Review, where is job is to make conservatives look like idiots.

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