Posts Tagged ‘Larry Kudlow’

Outrage!

Thursday, December 18th, 2008

Larry Kudlow is mad as hell:

It was Federal District Judge Gabriel Gorenstein who released big-time, $50 billion scam-artist/fraud/crook Bernard Madoff. He is the one who did it. This ruling allows Madoff to stay out of jail, even though he couldn’t meet the original bail conditions that he provide four co-signers to his $10 million bond.It is an outrage to me that Madoff is sitting back home in his $7 million Park Avenue pad after what he did to this country. What a joke. It is a complete and utter outrage. 

Write Judge Gorenstein. E-mail him. Call his office. (Contact info here.) Let him know what a terrible injustice he has done to every law-abiding citizen in this country, not to speak of the victims of this incredible fraud.

 

 

It’s nice, I suppose, that Kudlow can muster up such fauxrage over a bail decision, but ultimately, it was a bail decision. It doesn’t really have much of an impact on the trial, and Madoff doesn’t seem like much of a flight risk nor a threat to the people of New York if he isn’t held in custody pending trial. Far be it from me to stick up for corrupt rich people, but we do believe people to be innocent and proven guilty, and there’s no reason to hold any defendant who is neither a flight risk nor a potential harm to the community in prison before they’re actually convicted of the crime.

 

It’s also worth pointing out that it took someone who cost a lot of rich people money to get Kudlow so worked up. The guys who conned a lot of working class families into subprime mortages they couldn’t afford? Not so much.

Wither the Hacks

Sunday, December 7th, 2008

Why do people take Larry Kudlow seriously?

[Sen. Bob] Corker wants Detroit to have the exact same compensation levels as the Japanese transplants in the non-union Southern states. That means moving hourly labor costs down from roughly $70 to $48. It means reopening the UAW contracts that have created the huge pay-gap between Toyota and GM. It means putting an end to excessive pension and healthcare benefits.

Sounds really serious right? Well, not so much. After all, hourly labor costs for American companies aren’t $70, indeed they aren’t all that much higher than Honda and Toyota’s labor costs, and the reason Toyota and Honda have lower healthcare costs is in large part a result of Japan’s system of socialized medicine, that effectively subsidizes a lot of those costs. But that doesn’t stop Kudlow, and indeed it shouldn’t, since he’s merely engaging in a conscious effort to muddy the facts of the matter and attack unions.

And wouldn’t ya know it, Jennifer Rubin swallows it whole.