TW: This video is priceless, it is from May 14, 2008. The "expert" forecasting is shockingly bad enough. But the manner in which they deliver their ignorance is the true joy. Patronizing, smug, testosterony and almost 100% wrong. Kudlow starts with how Obama was headed toward defeat, then most of them proceed to gang up on the one guy predicting a recession. Treating him like a pathetic pariah while they all make ridiculously pompous forecasts of how the economy was NOT in recession and would not go into a recession etc.
The point is these guys not only have not been laughed off TV they are still on TV, regularly. Generally they are the ones bitching about Obama, touting supply-side economics and whining about how Wall Street is being humped by the "government". They were frightfully wrong in May 2008. Why would you possibly listen to them in May 2009.
Keep an eye out for this Don Luskin guy, his pomposity and inaccuracy exceeded all others. Not surprisingly as you will see on tomorrow's installment when they shifted their focus to politics his hitting streak continued.
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