Baseball Toaster was unplugged on February 4, 2009.
scott@scottlongonline.com
So I'm flipping around my tv in my hotel room in Houston (why is it that the nice hotels have 13 channels to choose from, where if you're in a Motel 6 you have 60?) when I see VP Cheney being interviewed by Larry Kudlow. I recommend catching a replay of this, as it has to be seen to be believed. Kudlow lobs questions at Cheney like a pitcher in Coors Field, to the point where the VP only has to answer in a sentence or two, as Kudlow seems to have gotten his questions straight from Scooter Libby. Kudlow accepts everything Cheney says, using an interview style which I call missionary style, doing everything but putting his legs above his head for Dick.
Kudlow, if you are not familiar, only breathes the nitrous oxide air that supply-side economists must consists on to hallucinate their ideas. His pet issue was the dividend tax-cut, which might have been a short-term stimulus for the market, but overall was just another Bush/Cheney giveaway to the wealthy. (Instead of getting into the specifics of this, I will just wait to get hammered in the comments section and give my rebuttal.)
I have always enjoyed the wild man antics of co-host Jim Cramer (the Dick Vitale of Investing), but as he spends more time with Kudlow, he has drifted further and further in seeing the whole world through a supply side lens. I do recommend listening to Kramer's book on tape of "Confessions of a Trading Addict", as it's interesting to hear Cramer rant and tell about his manic-depressive life. Not sure I believe all of Cramer's version of his story, but it's pretty damn interesting, especially listening to him go nutty.
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