Saturday, July 17, 2010

Surviving the First Wave


Larry Kudlow is a brilliant economic analyst. That’s why I listen to him. For some time now I’ve been frustrated with him (and others) for saying all the right things but being unwilling to pull the trigger. It’s always Obama’s policies that are misguided, never Obama himself. He consistently subscribes to the notion that if voters were to send the president a loud enough message (as in the midterms) he would then turn it around and begin to pursue policies designed to actually stimulate economic growth.

Kudlow has a ‘shtick‘. His signature approach to the economy as well as to politics in general is optimism. He recently interviewed Tim Geithner who told him that taxes would indeed increase but not by as much as everyone expects. Larry took this as a cause to trumpet his legendary optimism and told the story over and over again. It was simply infuriating. But, I have since noticed that Larry Kudlow - like any amateur poker player - has a ‘tell’.

Larry takes an awful lot of calls from people who are telling him exactly how it is; that Obama is a Marxist whose ultimate aim is to destroy the U.S. economy. He allows them to talk but always lets them know that he is unwilling to dip into the realm of anybody’s motivation. But I’ve come to recognize his ‘tell’. When someone begins to articulate their deepest suspicions about Barack Hussein Obama, he always makes that peculiar laugh of his that tells me that he basically agrees with the caller.

I now understand that that Kudlow knows precisely what’s going on and why. He maintains his shtick to keep from getting lumped in with the political shock-jocks. Given our present circumstances, it’s probably also a good idea to remain within the good graces of the FCC.

It’s a good bet that new rules for over-air broadcasting are in the offing. At first only the most forthright critics of the government will be directly affected. Kudlow, like anyone smart enough to read the writing on the proverbial wall, is simply making sure that he survives the first wave.

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