(from https://www.marketwatch.com/story/kudlows-history-of-bad-economic-calls-2018-03-15#false)
". . . (Larry)Kudlow (appointed Director of the National Economic Council by US President Donald Trump) has made some enormous and stupendously bad calls. In the fall of 2007, when the housing and stock markets were collapsing, he downplayed it, writing in National Review that, “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.” Looking ahead to 2008—when the entire U.S. economy came crashing down and millions of Americans lost their jobs, and banks, automobile makers and mortgage lenders had it be bailed out to the tune of hundreds of billions of taxpayer dollars—he said “we are about to enter the seventh consecutive year of the Bush boom.” . . . Anyone who thinks otherwise, he added with flair, “are going to wind up with egg on their faces.”. . . from 1993: “There is no question that President Clinton’s across-the-board tax increases on labor, capital and energy will throw a wet blanket over the recovery and depress the economy’s long-run potential,” Kudlow wrote. What happened next? The U.S. economy began an eight-year expansion, creating 21 million jobs—and the federal budget was balanced. . . Let’s hope that Kudlow’s forecasting skills have improved with age. . ."
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