How Kudlow Can You Get?

From VANITY FAIR:

In these tough economic times, isn’t it nice to know that calamitous natural disasters needn’t have an adverse affect on your investment portfolio? After the 8.9-magnitude earthquake in Japan failed to induce a market nosedive, CNBC’s Larry Kudlow expressed his relief in terms that seemed to appall even his fellow cheerleaders for capitalism: “The human toll here,” he declared, “looks to be much worse than the economic toll and we can be grateful for that.”

Original DVD cover

Update: On Friday evening, Kudlow offered an apology for his comments through the most intimate means at his disposal—no, not his television show that was airing in an hour—his Twitter account. “I did not mean to say human toll in Japan less important than economic toll,” he wrote. “Talking about markets. I flubbed the line. Sincere apology.”

(Video at VANITY FAIR link.  Notice that his co-hosts, Trish Regan and Melissa Francis, didn’t blink, let alone smack him upside his stupid head and tell him what an insensitive asshole he is.)

From DAVID WEIDNER at Market Watch:

NEW YORK (MarketWatch) — Maybe the most distasteful example of our ability to withstand the combined shocks of Middle East revolutions, global hunger problems and the unfolding tragedy in Japan came in the form of bad comparisons.

There was Larry Kudlow of CNBC suggesting Friday that we should be grateful that the human toll of the earthquake and tsunami hitting Japan was much worse than the economic toll.

…snip…

There was Lawrence McDonald, the former Lehman Brothers vice president who wrote an insider account of the firm’s demise, who blogged a piece under the insensitive headline “Japanese earthquake is tragic; debt tsunami coming is worse.”

…snip…

And then there were Nouriel Roubini and William Pesek exchanging opinions on whether the tragedy in Japan would be good for the Japanese economy or spur needed reforms.

…snip…

These comments basically followed three weeks of discussion about gas and oil prices as young Middle Easterners risked their lives — with hundreds losing them — to end repressive regimes.

he next step will likely be an analysis of how these disasters might affect Apple Inc.’s /quotes/comstock/15*!aapl/quotes/nls/aapl […]  rollout of the iPad 2 in Tokyo.

If you think this is exaggeration, consider a Wall Street Journal discussion of how global food shortages will benefit the U.S. agriculture industry. There’s not a mention of how people going hungry might be an issue.

…snip…

This is all very useful information — unless you’re being tortured or starved or you’re dead.

…snip…

[W]e can’t ignore the reality that commodities, oil and the Japanese economy are important. Together, they make the world go around.

…snip…

But in times of tragedy, the financial world needs to be more sensitive, at least in how it discusses tragedy. Comparing the loss of life in Japan to the debt markets or suggesting that a global food shortage is a good thing either shows how removed we’ve become or desensitizes us to the real hardships that people face.

Economic machinations and tragic loss of life don’t belong in the same sentence, much less one that suggests the debt problem is somehow more important than the dead washing up on the beach in Sendai.

What’s happening to victims in the Middle East, Japan and food-starved nations is worse than what’s happening to us at the pump or to the debt or commodities we hold.

26 Comments

Filed under humor, movies, parody, politics, Republicans, Ronald Reagan, snark, Wordpress Political Blogs

26 responses to “How Kudlow Can You Get?

  1. Sara

    Indicative of the illness that permeates our society, perpetuated by a certain political party, although there are some creeps in the Democratic Party as well.
    Finally, thanks to Gov Walker, it seems people are awakening to the fact that our country, and the ideals upon which it was founded, is being taken over by a group of the most immoral, unethical and despicable human beings ever to walk this earth.

    • hey sara! you know, it doesn’t even shock me that larry kudlow could say something so cold and heartless. what does shock me is that neither one of the bimbos flanking him batted an eye. i understand that they were on camera, and they aren’t supposed to embarrass each other. however, one of them could have politely nudged him by saying larry, i’m sure you really meant…..”

  2. You know, I’ve heard people who come out every Christmas talking about how Ebeneezer Scrooge was better before he was changed in “A Christmas Carol.” (Side note, and a weird one in March … I love Beaker’s performance in “A Muppet Christmas Carol”! It’s quite possible that the movie wouldn’t be G-rated if we understood his lines in the donation scene, but his shock at the “decrease the surplus population” line is better than ANY other performance I’ve ever seen on stage or film, or heard in radio). Anyway …

    I’ve heard people talk about how Michael Milken helped more people than Mother Theresa did.

    But the idea that someone can actually look at what’s happening and then say that it’s good that the human impact is worse than the economic fallout is still very, very shocking.

    Degenerate reprobate!

    • wken, i don’t think i’ve ever seen the muppet xmas carol. i’ll have to check it out the next time it’s on tv. remind me when it’s christmastime (which begins around august, if you go by most of the stores).

      there are people on the internets defending this asswipe. i had to stop reading, because i thought i was going to throw up.

      • “Muppet Christmas Carol” is by far my favorite muppet movie. It’s also a pretty good retelling of the original story. Being a fan of Charles Dickens and the muppets, it’s like a dream come true. Michael Caine as Scrooge is nothing short of brilliant, too.

        For the finale scene, they need to lighten Scrooge’s outfit, and Beaker is instrumental in that, too. It’s really well done.

        And since it’s apparently Christmas in March, an interesting thing … Focus on the Family did a radio drama of “A Christmas Carol” many years ago, and in the introduction talked about a movement that was sweeping the world in Dickens’ day and threatened to smother charity, observances, and kindness. The narrator went on to say, “It was a movement known as capitalism.”

        FoF doesn’t talk that way, anymore.

        So, yes … I’ll try to remind you sometime around November-ish.

      • Yep. I’ve read some of those posts. Un freakin’ believable.

        • how can the defense be that he simply misspoke or that he thinks first as an economist? if he misspoke, then he should have made a full apology on his tv show. a one-sentence tweet is not enough. if he thinks first as an economist, he’s had plenty of time to rethink as a human being, and, like i said, still no real apology.

  3. I can’t believe how the US and the rest of the Western world are fiddle-faddling around and getting distracted while the freedom fighters in Libya scream for a no-fly zone or any other help we can give them, against a monster who is our enemy too.

    I’m reduced to hoping that France will eventually do the right thing for cynical reasons.

    History is not going to judge us kindly for bleating about oil prices and “stability” while an epic struggle for freedom was playing out across the whole Arab world.

    • i have to disagree, infidel. unless the no-fly-zone is done with the blessing and cooperation and involvement of the arab league, then we’ll defeat the purpose. the u.s. is already seen as unwanted occupiers in the middle east. if the no-fly zone was as simplistic as the wording implies, it would be different, but it might result in us being in yet another war, and that wouldn’t be good for anyone. there’s no easy answer, unfortunately.

  4. Kudlow pings Inspired’s gaydar. Does it ping yours?

  5. I’ve heard lots of talking heads, briefly talk about Japan, the death toll , the hardship, and how remarkably graceful the people are in helping each other in the face of this enormous natural & man made disaster.
    Some as if that is obligatory, then they segway into “And now how this is effecting the money market”.

    Like they checked in their humanity somewhere & the heart & core of it all is cold hard cash.

    They just rescued a 4 month old baby girl who was washed away in the tsunami & survived on her own for 3 days. Reunited w her father.

    They are still doing search & rescue….. and finding people alive.
    But it is a race against time. Lives in the balance.
    The freaking financial market can wait. Seriously.

    • i understand that economics is a huge part of this story and that he’s on a financial channel. however, there’s no reason whatsoever to be that callous and inappopriate. i think what he said expresses exactly what he thinks. he’s a shithead who apparently thinks money is more important than people. he’s an addict who replaced cocaine and booze with money and catholicism. the catholicism is his cover. money is his real religion.

  6. The rich are different. Tragedy might consist of stock value remaining unchanged. Anxiety levels go off the chart at the thought of capital gains. And saddest of all, when those most feared words are spoken: earnings did not meet analysts expectations….how much grief can one bear!….and a word on no-fly zones….When you patrol any area designated as such with a modern fighter bomber, and when the adversary turns on a radar sight and “paints” the incoming planes, that is an act of war requiring the use of anti-radiation missiles to neutralize the fire control radar site which may be followed by blasting the launchers with SAMs on the rails. You can end up like the Bosnian debacle where they Serbs let the F16 overfly the site, light him up on radar and launch within seconds hitting the plane, causing the rescue squad of a hundred men and a dozen copters a dangerous rescue mission. Or sending Jesse Jackson over to wrangle some sort of deal like he did with Assad for the A6 pilot. No fly is not no hassle.

    • “The rich are different. Tragedy might consist of stock value remaining unchanged. Anxiety levels go off the chart at the thought of capital gains. And saddest of all, when those most feared words are spoken: earnings did not meet analysts expectations….how much grief can one bear!”

      … That’s a brilliant paragraph, there. Excellent points!

    • they did a poll of millionaires, and most of them said that they don’t feel rich. they think that you need at least $7.5 mil in order to be considered rich. that’s how skewed their reality is.

      a no-fly zone is an iffy proposition. one plane shot down means an all-out war. i don’t know what the correct answer is. it’s a damned-if-we-do-damned-if-we-don’t situation. unfortunately, the libyan people will be the ones to really suffer.

  7. give kudlow a break – he must have missed his daily line of white powder before he went on CNBC that afternoon

    the reason no one batted an eye is because the media in this country is as cold and callous and uncaring as the republicans and Koch brothers

    oh and michele malkin

    • i think those in the media are afraid of their corporate overlords. they can’t diss kudlow, because they’re afraid for their own jobs. remember back when journalists had guts and integrity?

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