After writing in April at National Review Online an article headlined, “A V-Shaped Boom is Coming,” Larry Kudlow from CNBC wrote recently an article at RCP headlined, “The Economy Is Moving in the Wrong Direction.”
Back in his April piece, Kudlow wrote that we “could actually be turning into a full-fledged, V-shaped recovery boom between now and year-end. Conservatives shouldn’t trash it. I’m aiming this thought especially at many of my conservative friends who seem to be trashing the improving economic outlook — largely, it would appear, to discredit the Obama administration.”
Kudlow continued with his “smart” lecture to Conservatives:
“Don’t do it folks. It’s a mistake. The numbers are the numbers. And prosperity is a welcome development for a nation that has suffered mightily. Credibility is at issue here. Conservative credibility. Capitalist credibility.”
Until here from his piece.
You see, I don’t have a problem when an economist is at times off the mark. It happens. Anyone can miscalculate. But the reason Kudlow made a fool out of himself with that V-shaped prediction, is because he wanted to come across as “objective,” as someone who – despite his Conservative tendencies – can still see the numbers of a great economic turnaround. He therefore went shopping for positive (and better than expected) news to make his case – which of course people on the left were happy to read.
But the fact however is, that the total economic stats of back in April, and Obama’s policies in general, made it clear that this economy is not going anywhere – a thing that many Conservatives and economists were saying for months, yet Kudlow missed it because he was busy being ‘objective.’
By wanting to come across as “objective,” Kudlow lost his real objectivity, a thing that happens to all “middle of the road” and “independent” opinion-shapers who yearn to come across as “open-minded,” when all they do is close their mind to see the real picture – all to score a few points with people on all sides of the political aisle.
Due to this, I like getting opinions from Conservatives – such as Rush Limbaugh – who don’t make apologies for being Conservative, and they appear to be more right than wrong in their analysis of things.
