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04 Dec 2008 08:30 am
Von Hoffmann Award Nominee
There is no recession. Despite all the doom and gloom from the economic pessimistas, the resilient U.S economy continues moving ahead—quarter after quarter, year after year—defying dire forecasts and delivering positive growth. In fact, we are about to enter the seventh consecutive year of the Bush boom," - Larry Kudlow, December 2007, the month that the recession officially started.
I wonder at times how people like Kudlow still manage to opine with such sublime confidence. Denial, I guess. Dow 36,000, anyone?
(Hat tip: AL)
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