Bruce Bartlett Befuddles CNBC's Larry Kudlow By Advocating Stimulus Spending

[Tsnore]

Larry chews the Kudlow?

[TheSnoopy1750]

Maybe Kudlow should go back to his alcoholic stupor like he did when he got fired from Bear Stearns.

Kudlow is a crappy economist and thinks in partisan, not economic terms. Furthermore, Kudlow often thinks in extremes saying that the U.S. is running the economy exactly like Europe when this is simply not the case.

Kudlow never saw the 2008-9 crash coming and is not respected by money managers who actually need to be correct in their jobs.

[huckfinn135]

Bartlett is great because he actually thinks and doesn't blindly apply ideology...I love the look on Kudlow's idiotic supply-side face as he listens to the heresy. Bartlett simply knows a lot more about economics than Mr. Kudlow.

[randyguitarman13]

Bartlett is a tool...

[mahmooa1]

@randyguitarman13 Kudlow is the tool

[randyguitarman13]

@mahmooa1

Both...

[Questfortruth86]

This guy's entire fallacious argument was refuted by Bastiat in the 19th century. Simple logic tells us that taking money from A in order to pay B to dig and refill ditches is not "economic stimulus." Either way, Larry is also incorrect. Lowering taxes without cutting spending on perpetuates and deepens the problems (crowding-out effect).

His analysis of the depression is naive and overly simplistic, nor does it correspond to the facts. Spending money on bombs does not cause economic growth.

[srpenquino]

@Questfortruth86 Domestic millitary maunfactuing [making and then buying bombs] DOES ceate economic growth as well as mechanical, scientific and technological inovation in a country.

[Questfortruth86]

@srpenquino

Taking resources from various warranted economic employments (production of consumer goods, capital accumulation) and redirecting them towards the production of bombs, tanks, etc, which will be destroyed in foreign battlefields, is the opposite of economic growth. It is literally the destruction of wealth. This is why, throughout history, wars has been the end of civilizations and have caused monumental economic catastrophes. Never mind the sociological effects of war.

[force19772000]

@srpenquino so building bombs to kill people is ok spending but capital improvement projects to to help our country is not?

[Questfortruth86]

Government spending takes money out of Peter's pocket (who's employed) in order to pay Paul for generally unproductive employments (government projects). This (a) lowers Peter's income which he would have used for consumption (stimulating demand for other consumer goods), or saving, (b) keeps Paul trapped in unproductive employments (could find an actual job), and (c) the money comes at higher tax rates, lowering productivity (or inflation financed, which sets off business cycles).

[austenbosten]

I love watching Bruce explain Economics 101 to these moronic dildos. They have no idea what he's talking about because Kudlow and his whore gf are nothing more than one-trick "tax cut" phonies.

[CaptJJYossarian]

Ah Larry, he's a trip.

Translation of Larryspeak

"financial innovation"- theft

"tax cuts"- for investors, not workers

"magic of the market"- slight of hand, watch your wallets folks!

As for Bruce, he's making good sense.

[frankgrimes17]

Bartlett is very smart. He should be on TV more. Too bad "smart" doesnt make for good TV these days.

[big4bluz]

Kudlow is a smarmy lunatic. Why does anybody give this kook a show?

[mdawg001]

Loud mouth guy vs pragmatist.

Unfortunately people listen to those with the loudest voices :(

[KataVideo]

Krudlow is a class criminal and ought to have been locked up for his role in crashing the economy.

Kruddy is trying to force him to toe the line and he's having none of it. LOL