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Larry Kudlow's stunning pattern and where it leads

February 3, 2010 - Mike Maneval

Wednesday's post by supply-sider Larry Kudlow at his blog for National Review's Web site is simply stunning.

The post ends with Kudlow's statement, "Interestingly, stocks rallied Tuesday by over 100 points, as they did on Monday. The stock market may be betting on the Scott Brown scenario," revisiting an outlandish claim from before Brown's election that the Massachusetts Republican's election would boost Wall Street's vitality. Back in reality, Brown's election was immediately followed by the Dow Jones Industrial Average dropping 5 percent over three days, as the Web site details.

Right before Kudlow tries to attribute the stock market's performance on good days to his new favorite politician while ignoring the bad days altogether, he suggests the Republicans would set "a real pro-growth agenda" if they extended the Bush tax cuts - you know, the tax rates under which our unemployment rate has hit double-digits.

One could almost discern a pattern here: All good things which follow passage of a policy Kudlow supports are the result of the policy. All bad things that follow passage ... well, best just to ignore those things entirely. It's a pattern that leads not to effective governance, but to blind ideological rigidity.


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