Poor Little Rich Kids
Larry Kudlow picks up on the L.C. Mope Theory of Markets:
It’s very curious that the stock market has plunged on either the day of, or the day after, the four or five recent primary election contests. While there may be no direct causality, one can’t help but wonder whether the investor class hasn’t been disappointed with the shape of this election battle.
Ah, the investor class. Powerful stock market juju when they’re upset. One can’t help but suspect whether one’s fellow board members aren’t undone by election rhetoric that’s not terribly long on affected employment of the indefinite personal pronoun nor unsparing in not eschewing the negative construction in no uncertain terms.
Democrats are trashing rich people.
Sell!
They want to raise tax rates.
Sell!
Meanwhile, Republicans have been skirting around this issue.
Put!
While some decent tax-cut plans are out there …
Buy!
… there really has been no direct connection to investors.
For the love of God, man! Sell, sell, sell!
Remember, investors make up about 65 percent of the voting electorate.
Um, backdate a futures hedge on options derivatives for non-GAAP M&A impairment guidance? Larry?
Again, there might not be any causality between the market plunges and the primaries. But rest assured that a good number of people have been disappointed by the shape of this election battle. Nobody in either party has been reaching out to the investor class.
So true. I mean, what sort of ‘reaching out’ is a bipartisan economic stimulus package to the tune of $145 billion? It’s more like a big ‘fuck you’ to investors from the rabble-rousers who run our business-hostile political duopoly.
As far as last night’s primary results are concerned, one thing was made official: Mac is back. Sen. McCain is moving right along toward securing the GOP nomination.
Fuck him! Now, you listen to me! I want trading reopened right now. Get those brokers back in here! Turn those machines back on!
He is also developing some solid pro-growth tax reforms. This includes slashing the onerously high corporate tax rate and extending the Bush investor tax cuts on dividends and capital gains. This is good.
Turn those machines back on!
I’m curious, is Bush’s $3 trillion dollar 2009 budget ALSO good? I mean, the one he has no real intention of actually paying for? A trillion dollar deficit is good for the economy, right?
Yes, spend more money you don’t have to buy worthless pieces of paper in the gamble that someday some other sucker might pay you more for them.
OTOH, there’s a LOT of suckers out there, like Kudlow.
3 Trillion dollars sounds like a lot, and, in fact, it is.
Divided among $100k/yr nominally middle-class jobs, that’s 30 MILLION jobs directly funded by government spending.
There are around 100 million households in this country, so ONE out of THREE households are directly or indirectly employed by the federal government.
And these minarchist free-market clowns think this was recently a booming “goldilocks” free-market capitalist economy, “the greatest story never told”.
hah! Take out the rise in government payrolls 2001-2007 and the FIVE TRILLION in net household borrowing during that timeperiod, and we wouldn’t even have an economy worthy of the name by now.
Funny how the “free market” needs so much help…
Tax cuts, bailing out companies, letting criminals go free. It’s good to lay off workers!
How the heck is anyone supposed to keep their spending up when all the jobs go overseas? When people are living paycheck to paycheck and go broke when they get sick?
And consumer protection is no longer worthy of the name.
A sensible person is now afraid to buy food and toys, including pet food.
They are destroying consumers.
I suppose they don’t need them.
[Choking] It was the Dukes! It was the Dukes!
Multi-national corporations, according to the people who show up on CNBC, are making money overseas, and the shrinking purchasing power of American doesn’t seem to bother them.
Kudlow wanted Giuliani for president. He seems to like men who will make him feel safe and loved.
The fact is, Kudlow is right. Class warfare does not play well in Peoria.
It’s very curious that Larry Kudlow shares many characteristics with serial killers and baby rapists. While there may be no direct causality, one can’t help but wonder whether Larry Kudblow is also a serial killing baby rapist. Also, one of the cats just yaffed on the carpet. Could it be the very letters of his name cause stomach upset in felines?
Post hoc, ergo what the fuck baybee!
Jeezus. I’m a lasped Catholic and as a result can be fairly superstitious. But these assholes are right up there with the haruspices and the augurs.
Omg that was funny. Cheerios out my nose funny. Just when I thought you guys had it easy, picking on people who have a propensity to stand under anvils and pull ropes – well, let me just say, well done.
Divided among $100k/yr nominally middle-class jobs…
Aren’t you adorable!
Coke Head Larry: The Marie Antoinette of capitalism.
You’re late for school, Gary. And take out the trash for your mother before you leave.
Remember, investors make up about 65 percent of the voting electorate.
Each with their own Fortune 500 company to run, errr wait a minute…
If the annual revenues of global corporations were considered in the same light as the annual GDP of sovereign nations, Exxon/Mobil would rank 21st of 181 coutries (ahead of Taiwan) and Wal-Mart would rank 27th (ahead of Iran).
Just wondering when we’re going to start thinking of these entities as equivalent to “foreign nations” and guys like Kudlow as their Borats.
ifthethunderdontgetyou: I like it.
Chorus member: “The people can’t afford bread, sire!”
Larry Kudlow: “Let them eat coke!”
Beef Jerky Time!!!!!!!!!!!!
If CEO’s make up 99.99% of the electorate, why can’t we just hold shareholder’s meetings instead of all this voting nonsense? Seems inefficient if you want to run government like a business which is of course the best way to run anything ever.
The business of America is fluffing businessmen.
Wal-Mart would rank 27th (ahead of Iran).
Instead of war, why not let them buy out the Mullahs?
Anyone who can refer to the American corporate tax rate as “onerously high” is pretty high himself, methinks.
65% of the electorate may be investors, that doesn’t mean 65% support stupid faux stimulus plans, or tax cuts to “fund” increased spending, or corporation fluffing, or any of the bullshit ideas that lift his personal market share more than Viagra would. I sure as shit don’t.
I love that stuff about investors being some huge portion of the population.
Let me spell it out:
Having a measly 401k does not make you an investor. That’s how they arrive at that number ~ take the number of persons with a 401k plan & assume that they are an investor. My wife used to work for a company that sold & administered 401k plans. It was very rare to see one with a value greater than $100,000. Most were for a few thousand dollars.
Having a 401k plan does not make you an investor.
One can’t help but suspect whether one’s fellow board members aren’t undone by election rhetoric that’s not terribly long on affected employment of the indefinite personal pronoun nor unsparing in not eschewing the negative construction in no uncertain terms.
Good show, sir!
Nearly 100% of the American electorate depends on government, public, or civil services, therefore the American electorate is predominantly socialist, or liberal fascist.
He must be on the white powder today, because for the life of me, I don’t know of this ‘investor class’ he speaks of.
On a side note, just pencil a moustache on ol’ Lawrence K and it would be a Don Ameche errr, Mortimer Duke redux…..
Mary Ruppert said:
Instead of war, why not let them buy out the Mullahs?
There’s probably a completely tasteless joke to be had from that – something about the Wal-Mart smiley face beheading prices (or stoning them to death), but I’m too distracted to get much mileage out of it at the moment.
Maybe others could give it a whirl?
Now, you listen to me! I want trading reopened right now. Get those brokers back in here! Turn those machines back on!
Yeah, this guy understands markets because he watched an Ackroid/Murphy buddy flick.
If 65% of the voting public are investors, how can they be upset by the results of the elections? Wouldn’t they make up a majority bloc, thereby ensuring that their candidates win? Sigh…
Has anyone noticed that that the Market has been going down since the turned on the Fox Business channel? Not saying that it’s a cause mind you but there it is.
I’m surprised that Kudrow hasn’t picked up on the role of major institutional investors like pension funds. Like retirement funds for teachers.
Teacher retirement funds are the Prescott Bush of Liberal Fascism.
Corporate tax rates are onerously high my ass; the US has one of the lowest nominal corporate tax rates of any western democracy.
Hmm, maybe the way I’m defining the term is wrong; Kudlow must be saying the rate is onerously high for a corporotocracy, not a western democracy! If you look at it that way, then for once he’s right about something.
It’s very curious that the stock market has plunged on either the day of, or the day after housing data, manufacturing data, Fed interest rate cuts, inflation numbers, core and non-core inflation data, unemployment data, consumer sentiment and other fundementals . While there may be no direct causality, one can’t help but wonder whether the investor class hasn’t been disappointed with the shape of this economy.
*Corrected by Reality.
Somebody should rescue the investor class after all those homeless people signing mortgages forced them to loose all that money!
Kudlow is the Borat of the Global Corporatocracy. (Corporastan?).
(Susan of Texas–
“…for your mother” = genius.)
that piece was horribly written.
When he says that 60% of voters are in the investor class, one really has to wonder how his argument possibly makes sense. If 60% of voters are investors, and Dems are swamping teh GOP in primary turnout, then I am afraid it cannot be said that it is a problem for Dems to “ignore the investor class”. Moron.
In the off chance that the author reads this comment, your quotation of Randolph (or was it Mortimer) Duke in that piece made me fall in love with you all over again for the first time.
Consider me a loyal reader from this day forward.
Fucking hilarious.