Almost daily Corner bashing
If you write for National Review, then what, exactly, argues against the war:
My strong suspicion here is that the message of the American and global stock market boom is one of support for the Iraq war and a steadfast US commitment to stop terrorism. If the U.S. doesn’t do it, no one else will.
My take here is that Mr. Bush’s steadfastness on the war late last week was well received by U.S. and global markets.
Stocks are giving the president a vote of confidence.
We can play this game a lot of different ways, can't we? "Mr. Bush's intransigence on the war late last week was poorly received by the American auto industry, which continued its long-term decline." Or, "Mr. Bush's steadfastness on the war late last week left many Americans slackjawed at his appalling judgment."*
(*=this is probably actually true)
My strong suspicion here is that Larry Kudlow is from Mars, or perhaps Neptune. And I'd pit my astronomy knowledge up against his, well, total horseshit almost any time.
Actually, Brian, Kudlow is from ex-Pluto, the non-planet that was thought to be a planet, but never was. It is a slushball, like other comets. Unfortunately, ex-Pluto won't head for Saturn (like Shumaker-Levy) to be break up and be consumed on the collision.
Posted by: JimPortlandOR | July 16, 2007 at 06:21 PM
I went to Yahoo finance and compared the S&P 500 (SPY) versus the MSCI International Index (EFA) over the past 5 years. SPY: up 80% (Good!). EFA: up 130% (Uh, jeez, how to spin that??)
Looks like the world has more faith in your basic random foreign leader than the guy who is the American president for another year and a half.
Posted by: NE PDX | July 17, 2007 at 10:33 AM
I think Kudlow also used the marvelous stock market to predict a crushing defeat for the Dems in 2006. As is well known, before buying any stock, brokers often go out to the highways and byways, asking people their party affiliations and what they think about democracy being on the march in Mesopotamia. Then they go back to the office and buy Google.
Posted by: roger | July 17, 2007 at 11:51 AM