Oh. Look. James Pethokoukis is making shit up again. Why people with track records like this are given any attention is beyond me.
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by John Cole| 7 Comments
This post is in: Free Markets Solve Everything, Bring on the Brawndo!
Oh. Look. James Pethokoukis is making shit up again. Why people with track records like this are given any attention is beyond me.
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beltane
I am not familiar with James Pethokoukis, though I will say he has a very awesome name. Is he the Andrew Breitbart of financial reporting?
Svensker
Sigh. My wingnut cousin posted the Pethokoukis thing on his FB page, along with a post about how the “Ground Zero Mosque” is actually all about the Islamic “victory” over us good murcans. He’s a smart guy, too, just also an idiot.
I do feel like giving up sometimes. Really, I do.
Console
Funniest thing Pethokoukis ever did was his series of “dude where’s my recession” posts in summer 2008. It’s hilarious to watch the way his posts start going once September 2008 rolls around.
sloan
Some classics from J-Peth: (Peth Diddy?)
Yes, the Community Reinvestment Act Really Did Help Cause the Housing Crisis
Kudlow for U.S. Senate from Connecticut?
America’s Phony Lost Decade (Bush was right!)
SiubhanDuinne
I just drove back to Atlanta from Charleston, and my goodness! judging by all the billboards, there are a *lot* of Islam-haters in SC. Big pictures of sinister, veiled faces, lots of hellfire graphics, and waa-a-a-ay too much small text to put on a roadside sign that people are going to see at 70+ mph. Still, the sheer numbers of these outdoor ads was stunning, even along I-26/I-20 in SC.
Console
this is a pretty good one:
http://money.usnews.com/money/blogs/capital-commerce/2008/09/04/mccainonomics-vs-obamanomics
Jimmy P. at the RNC— Democrats continue to rip John McCain for saying last month that he still believes “the fundamentals of our economy are strong.” Of course, at the Democratic convention, speaker after speaker said the economy was on the verge of a depression. And 60 percent of the DNC delegates I polled think we are already in a depression. Yes, oil prices are too high. And there is a credit crunch. And home prices continue to sink. But the economy probably grew at close to 4 percent in the second quarter. And then there is this boffo piece of news out this morning: Business productivity was revised up sharply to 4.3 percent in the second quarter (up from the previously reported 2.2 percent). That represents “a substantial acceleration” from a solid 2.6 percent gain in the first quarter, according to Global Insight. And as economist Brian Wesbury puts it: “The productivity boom continues, keeping the economy growing at a healthy pace even as businesses trim payrolls. As a result, the long-term prospects for U.S. economic growth remain strong. Non-farm productivity is up 3.4 percent versus last year.” Productivity, economists on the left and right agree, represents the single best variable for judging the intrinsic strength of an economy. If our workers are trained, our technology advanced and our business models smart, that will show up in the productivity numbers. This is really good news. What’s more, high productivity and low wage inflation—the case right now—often presages higher job growth. 2009 might be a pretty good year for the economy.
timb
What would the Jeff Goldsteins and Patterico’s of the world bitch about if some right winger wasn’t manufacturing stories?
My favorite part is the detailing of how “this has been in plans since December of 2009.” oooohhhh, so secretive