‘These Guys Will Have Egg On Their Faces’: Here Is What Larry Kudlow Wrote On December 7, 2007

As Trump would put it: “I hire the best people.”

By Larry Kudlow as published in the National Review on December 7, 2007

There is no recession. 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. In fact, we are about to enter the seventh consecutive year of the Bush boom.

The pessimistas are a persistent bunch. In 2006, they were certain a recession was just around the corner. They were wrong. Instead, the economy posted two consecutive quarters of near or above four-percent growth.

Earlier today, a doom and gloom economic forecast from Macro Economic Advisors was released predicting zero percent growth in the fourth quarter. This report is off by at least two percentage points. These guys are going to wind up with egg on their faces.

[…]

There’s no recession coming. The pessimistas were wrong. It’s not going to happen.

At a bare minimum, we are looking at Goldilocks 2.0. (And that’s a minimum). Goldilocks is alive and well. The Bush boom is alive and well. It’s finishing up its sixth consecutive year with more to come. Yes, it’s still the greatest story never told.

This is what happened next:

And as a reminder, the recession officially started the very month Larry wrote those lines…