Larry Kudlow does a 180, calls for sealing the borders

From "War Breeds Unfairness. Seal the Borders" here:

"But I say seal the borders. People hoping to relocate to the U.S. from Syria, Iraq, and anywhere in the Middle East, and people coming here from France, England, Sweden, and wherever will be upset, at least for a while. There may be some unfairness to this. But I don't care. Wars breed unfairness, just as they breed collateral damage."

Spoken like someone who really is running for US Senate in Connecticut.

Update:

The article also appears here and here as "I've Changed. This Is War. Seal the Borders. Stop the Visas".

God, I've changed, honest I have. Please give me another chance.

Larry Kudlow really likes the Donald Trump 15% corporate tax plan, saying he never thought he'd see it

Here:

'Kudlow, who hosts his own syndicated radio show, has long championed a 15 percent corporate tax rate, but "I never thought I'd see a candidate do it. "It'll give us a gigantic advantage. Bring capital and businesses to the U.S., make us the most hospitable place to invest — and that's what Donald Trump has done."'

Donald Trump lives rent free in Larry Kudlow's mind

Larry Kudlow devoted his entire three hour radio show today on WABCradio.com criticizing, ridiculing and caricaturing Donald Trump's campaign for the presidency. If there was a way to discuss Trump, he found it, and if the air in New York stank, that was Trump's fault, too. It reminded me of the relentless criticism of George W. Bush by the main stream media.

It was embarrassing. The callers to the show supported Trump and Trump's policy on illegal aliens, but Larry was having none of it, marginalizing every single caller as ignorant and uninformed about the real state of affairs despite the fact that they were living it.

That's what Larry Kudlow's big tent Republican Party stands for, inclusion for elite liberals and illegal aliens, but not for working stiffs and law and order patriots.

If Republicans lose in 2016, it will be Larry Kudlow's fault, not Donald Trump's.

Fox News didn't want Repubicans to discuss the economy and jobs last night because that didn't fit Fox News' agenda

Jim Tankersley noticed the glaring omission from last night's Republican debate, here:

Polls continue to show that Americans care more about the economy than any other election issue. Fox News moderators noted that they had received more than 3,000 economy-themed questions on Facebook before the debate. Which is why it's so baffling that neither the questioners nor most candidates seemed eager to talk about growth, jobs and - as Republicans have been promising to do all election cycle - America's beleaguered working class. ...

"Way too little discussion" of economic growth, the conservative commentator Larry Kudlow tweeted after the prime-time debate ended. "If you're one of the 65 percent of Americans who think the U.S. is on the wrong track," said James Pethokoukis, a conservative writer for the American Enterprise Institute who has pushed Republican candidates to address worker angst, "what have these debates offered?"

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Obviously the economy and jobs didn't fit Fox News' agenda last night, which was to destroy the candidacy of Donald Trump, who has pledged to end the flood of illegal immigration stealing Americans' jobs, end the farce of free-trade and become the greatest jobs president the country has ever seen.

Fox News, like The Wall Street Journal, is owned by the open borders, free-trade libertarian Rupert Murdoch. It has its marching orders. And every candidate who takes money from the libertarian Koch brothers has his and is similarly beholden to the same ideology which demands the cheapest labor possible in service of the almighty bottom line, not in service of the country's citizens. The involvement of Facebook and Debbie Washerwoman Schultz of the DNC were just the bow around the illegal alien amnesty package.  

And that's why Donald Trump scares the crap out of them and must be destroyed:

He doesn't need their money to run for president, and won't do their bidding when he wins.

Comment of the day: "I'm sick of hearing about Greece . . . Greece is a country that peaked in 450 BC"

Larry Kudlow, today on his show on WABC Radio.

Larry Kudlow must be kidding: "if the 11 million illegals who live here obey the law . . ."

Here:

And if the 11 million illegals who live here obey the law, pay taxes, learn English, and understand the Constitution, they deserve legal status. Citizenship is an issue way down the road. And yes, we must include border security, where unfortunately Obama's lax policies have contributed to the calamitous surge in illegal-immigrant children. But temporary visas or work permits should be part of a sensible reform package. The E-Verify system can work.

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Ahem . . . illegals have already broken the law, Larry. So sorry to see the amnesty fanatics have abandoned the first conservative instinct, the love for law and order. There will be no free-market without it.

Memo To Larry Kudlow And Other Defenders Of GM/TARP Bailouts: Free Market Capitalism This Is Not

General Motors, bailed out at a loss to the American people in 2009, has now had to recall approximately 2.6 million vehicles according to this story, many built well after the fact:

General Motors is boosting by 971,000 the number of small cars being recalled worldwide for a defective ignition switch, saying cars from the model years 2008-2011 may have gotten the part as a replacement.

The latest move brings the total number of cars affected to 2.6 million. The questionable handling of the problem, including GM's admission that it knew the switches were possibly defective as early as 2001, has embarrassed the nation's largest automaker. The recalls — which are under investigation by Congress and federal regulators — have overshadowed the improved quality of GM's newer cars.

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Improved quality? You mean like the Volt which catches on fire? The Cruze whose steering wheel comes off? If this were a free market capitalist economy, Larry, GM would have been allowed to fail instead of being allowed to keep on selling this garbage to the American people.

GM should have gone through bankruptcy instead of being bailed out. It might have been reorganized as a result, but not as a worthless union shop. Otherwise its assets would have been acquired by the highest bidders who know how to build cars. Unfortunately GM's still here making crummy cars with shitty parts, some of which could kill more people, all thanks to the taxpayers, some of whom are still dumb enough to keep buying the things. Just Google the forums and read the horror stories. I'll bet they're the same ones who don't know Monday is the deadline to sign up for ObamaCare.

I've said it before and I'll say it again: no more GM cars for me, ever. The bailout was a bridge too far.

Ditto Chrysler.

Larry Kudlow's Kudlow Report On CNBC Ended Tonight

CNBC posted the farewells here on the day ending the television show's 5-year run, which wraps up 25 years with the network so far.

Kudlow remains affiliated with CNBC in a senior capacity and will appear daytimes on occasion instead of nightly at 7:00 PM.

Kudlow, 66 and an avid tennis player,  has had back problems requiring surgery in the last year, according to his own remarks on his 10:00 AM Saturday radio program on WABCradio.com, where you can download podcasts.

Ending his television program was reportedly his own choice and was made in the interest of slowing down.

Others have pointed to the show's very poor ratings as the reason for ending it, but the show has an enthusiastic and devoted, if not large, following.

The Reaganite supply-sider is known for his belief in free market capitalism as the best path to prosperity, as well as for strong dollar policy, growth oriented economic policies and a militarily strong America which welcomes and befriends others wishing to be free.

Kudlow credits his conversion to Roman Catholicism with helping him overcome a drug and alcohol addiction.

Larry Kudlow Says Pope Francis' Anti-Capitalism Is Wrong

Just now on his radio program at wabcradio.com, calling socialism and communism "godless".

Way to go, Larry.

"The only way ObamaCare pain stops for Democrats is if they repeal it."

So says John McIntyre of Real Clear Politics, just now on the Larry Kudlow Radio Show.

Larry Kudlow Says He Believes In Abraham Lincoln's Idea Of Political Persuasion

You mean like this, Larry?

Kudlow Is Right That Obama's Glorious Immediate Post-War Never Existed, But Completely Misses The Spending Cut Angle

Larry Kudlow, here:

[S]peaking in Galesburg, Ill., this summer, Obama served up a convenient historical fairy tale: "In the period after world War II," he said, "a growing middle class was the engine of our prosperity." Presumably he was thinking of a time when high taxes on the rich and industrial-union rule had the middle class soaring. The trouble is, Obama's history is wrong.

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Arguably, government spending cuts were the engine of post-war prosperity.

While Truman's record is second only to JFK/LBJ for real GDP growth in the post-war period, it occurred under special circumstances of extraordinarily deep government spending CUTS, which is little appreciated today when politicians and Keynesian and monetarist economists stress the importance of government spending for GDP. The truly remarkable thing under Truman is how the economy soared as spending decreased by TWO THIRDS from 1945 to 1947, as Arnold Kling reminded us here last year. Funny how Kudlow doesn't mention this. I guess they don't teach that at Princeton.

Under Truman's successor Eisenhower, real GDP growth slowed dramatically because of onerous levels of taxation maintained primarily to retire the war debts, but Eisenhower spent almost as frugally as Truman at the same time, making them the two best presidents we've had when it comes to small increases in the US public debt. That said, only the two Bush presidents and Obama have turned in poorer GDP performances than IKE. Funny also how Kudlow mentions only the one Bush. He leaves out the other one. You know, the "read my lips . . . no new taxes" Bush who ended up raising taxes.

Interestingly enough for US public debt growth, JFK/LBJ come in right behind Truman and Eisenhower while introducing the tax cuts which might have made Eisenhower's GDP record better than it was. Despite the guns and butter era under LBJ, the presidents occupying The White House between 1945 and 1968 were the most fiscally responsible we've had in the post-war, and it was a dramatic resetting of the baseline for spending LOWER under Truman which was the foundation of that period's economic growth.

Larry Kudlow Wants To Exploit Immigrant Labor To Help Business, Not People

Here:

The dynamic idea is that immigration significantly increases the size of the U.S. labor force, and that more workers mean more growth.

The labor force has shrunk because there are no jobs, not because there is insufficient labor. If you bring in more labor competition, all you will do is lower the wages available for such jobs as exist, and enrich the employers at the workers' expense.

Sorry pal, more workers means even less opportunity for the Americans already unemployed. The last thing this country needs is more cheap labor undercutting the people who are already here and out of work.

We're all against you, Kudlow! 

Sen. Rob Portman Made An Excellent Point On Today's Larry Kudlow Radio Program

Sen. Rob Portman, Republican from Ohio, made an excellent point on today's Larry Kudlow Radio Program on wabcradio.com. Sen. Portman led off by gently correcting Larry Kudlow for criticizing attempts to use the debt ceiling as leverage to obtain spending cuts.

Sen. Portman pointed out, about 33 minutes into the podcast, that the technique has been used successfully since the days of Warren Rudman, and that we wouldn't have the spending sequester agreed to, admittedly very reluctantly by both political parties, in August 2011 without it, an agreement which, however inelegantly, lops $100 billion off spending annually, if only future Congresses stick to it. Unfortunately for us, the last Congress which agreed to the sequester in the first place already postponed its original implementation date by two months in the fiscal cliff deal over the New Year Holiday. That is a bad sign, preceded by a good sign.

It is heartening to see a Republican Senator wholeheartedly affirming the idea that the politics of the debt ceiling is helpful to the interests of the American people. But I would caution that Sen. Portman's feet need to be kept to the fire. His performance today on Kudlow's program looks to me like fence mending with the US House, an apology of sorts to the House after upstaging it in 2011 with his dalliance with the Gang of Twelve.

Whatever else may be said, his instincts expressed today are right. Spending must be reduced, and the debt ceiling is a weapon which the US House must use to get that, no matter how messy.

How To Know We've Lost The Country

When the likes of a Larry Kudlow, who plays the part of a spokesman for one of our important values and should know better than to descend to vulgarianism in public, gets so upset about raising taxes in the teeth of economic stagnation that he lets loose with "effing".

Today, at the end of the second hour of the program, right after which he complains about the loss of spirituality in America!

Really Larry, someone's got to have some class. If not you, who?

Larry Kudlow Slanders Christ On His Radio Program

Larry Kudlow, former Democrat, member of SDS, drug addict and alcoholic, and supposedly a Jewish convert to Christianity, slandered Christ in the final hour of his radio program yesterday. That's a lot of "formers".

He did so while attacking Paul Krugman for advocating that the Bush tax cuts be allowed to expire as a remedy for the fiscal cliff, ridiculing the idea with the ever popular provincialism "for Christ's sake".

Obviously the defeat of Mitt Romney has pushed all of Kudlow's buttons at once. He began the program with a full-throated denunciation of the Pat Buchanan wing of the Republican Party and its anti-amnesty stance on illegal immigrants, saying it must be "crushed".

You can take the man out of the SDS, but you can't take the SDS out of the man.

You can not hear a podcast of Kudlow's program anytime you don't want to, here.

Larry Kudlow Declares War On Pat Buchanan Wing Of Republican Party

Just now on the radio show, saying the anti-amnesty wing, the Pat Buchanan wing, of the Republican Party must be defeated and "crushed".

Two back to back defeats of liberal/moderate Republican candidates for president continue to be misinterpreted by the fifth column on the right.

They should join the Democrat Party once and for all.

Fear: The First, Second And Third Reason NOT To Invest

Once again, the purveyors of fear make an appearance, trying to scare you into investing in stocks when stocks are again near historic highs and Shiller p/e multiples are near the top of the historical range, this time at Reuters, here.

Patience is a rule of investing, too, which requires you to stick to your reasons for investing, or not investing, in the first, second, and third place. It makes no sense to purchase investments which for good reasons seem to be overvalued, especially when based upon historically novel forms of valuation which remain in vogue despite the lessons of the great debt bull since Ronald Reagan.

Appeals to "fear" from people who are already "all-in" are therefore suspect, and should be. Nothing continues to feed a fake bull like ever more greater fools.

And don't forget that permabulls need you, too, like Larry Kudlow, who confessed on his radio show last Saturday:

"God knows I'm long. I'm long . . . I have no choice."

If it's a free country and a free market, why is there so much compulsion?

Kudlow Is Right: Real Private Investment Is At October 1999 Level

Larry Kudlow is right. When it comes to inflation-adjusted private investment, the current level of private investment is at a level first reached way back in October 1999. The peak in this metric, which Larry Kudlow likens to our seed corn, was reached at the beginning of 2006. The current level is nearly 16 percent lower than that. That's a depression in investment dating back 6 years, and arguably 13 years, and goes a long way to explaining why George  W. Bush and Barack Obama rank at the very bottom of the list of post-war presidents for economic performance. View the chart and data here. 

Romney Is A Total Hypocrite On Hard-Money: To Him TARP Preserved The Dollar's Value!

Hard-money conservatives like Larry Kudlow who think Gov. Mitt Romney is actually serious about maintaining the value of the dollar ought to remember that Romney argued in October 2011 that the TARP bailout was designed to keep the currency worth something:

According to Governor Romney, the $700 billion Wall Street rescue package "was designed to keep not just a collapse of individual banking institutions, but to keep the entire currency of the country worth something."

Noting could be further from the truth and Romney knows it.

TARP was not sold as a program to prop-up the dollar; it was sold as a means of keeping credit markets liquid, to keep banks lending to business, so businesses would keep people employed.

Not surprisingly, from that perspective TARP has been a spectacular failure -- because as soon as Congress granted then-Treasury Secretary Henry Paulson a blank check for $700 billion (along with near-dictatorial powers over the American financial services industry and de facto control over the U.S. economy), something changed.

Suddenly, instead of being a program to move illiquid mortgage-backed securities off the books of banks, TARP became a no-strings-attached cash infusion to favored financial institutions and corporations. 

Among the insiders who received the no-strings-attached cash were Goldman Sachs Group Inc, Deutsche Bank AG, Merrill Lynch, Societe Generale, Calyon, Barclays Plc, Rabobank, Danske, HSBC, Royal Bank of Scotland, Banco Santander, Morgan Stanley, Wachovia, Bank of America, and Lloyds Banking Group – that’s what Romney and Cain were defending.

If borrowing money to spend on circumventing the failure necessary to the proper operation of free markets props up the value of the dollar, it hasn't worked very well.

Since the (first!) bailout of Chrysler signed into law by Jimmy Carter in January 1980 you now need $2.73 to buy what $1.00 did then.

Way to go Brownie!

a little hurricane humor there