Commentary From the Mile High City

"Star of the conservative blogosphere" Denver Post

"The Rocky Mountain Alliance offers the best of what the blogosphere has to offer." -David Harsanyi, Denver Post
Joshua Sharf

 notify list
to receive email when this site is updated, enter your email address:
 recent posts
24 (2 entries)
Anglosphere (1 entries)
Biking (1 entries)
Blogging (35 entries)
Business (173 entries)
CFA (3 entries)
China (5 entries)
Climate Change (3 entries)
Colorado (20 entries)
Denver (12 entries)
Design (4 entries)
Economics (39 entries)
Education (6 entries)
Electoral College (1 entries)
Environmentalism (3 entries)
Europe (0 entries)
Flying (2 entries)
Foreign Affairs (1 entries)
General (89 entries)
Gun Control (2 entries)
Health Care (7 entries)
Higher Ed (7 entries)
History (8 entries)
Home Improvement (1 entries)
Illegal Immigration (35 entries)
Internet (4 entries)
Israel (57 entries)
Jewish (49 entries)
Judicial Nominations (12 entries)
Katrina (0 entries)
Literature (1 entries)
Media (37 entries)
Music (3 entries)
Photoblogging (32 entries)
Politics (152 entries)
Porkbusters (5 entries)
Radio (16 entries)
Religion (1 entries)
Reviews (8 entries)
Robed Masters (4 entries)
Science (1 entries)
Sports (9 entries)
Taxes (2 entries)
Transportation (6 entries)
Unions (1 entries)
War on Terror (180 entries)
my other blogs
Three-Letter Monte

Rocky Mtn. Alliance
Best Destiny
Daily Blogster
Geezerville USA
Mount Virtus
Night Twister
Rocky Mountain Right
Slapstick Politics
The New Conservative
Thinking Right
View from a Height

other blogs
One Big Swede
American Thinker
Meryl Yourish
NRO Corner
Little Green Footballs
No Left Turns
A Constrained Vision

business blogs
Accidental Verbosity
Assymetrical Information
Carnival of the Capitalists
Cold Springs Shops
Commodity Trader
Coyote Blog
Different River
Everyone's Illusion
Fast Company Blog
Financial Rounds
Freakonomics Blog
Management Craft
Trader Mike
Carnival of the Capitalists Submission

business data
Inst. Supply Mgmt.
St. Louis Fed Economic Data
Nat'l Bureau of Economic Research
Economic Calendar
Stock Charts

colorado blogs
Pirate Ballerina
Pagan Capitalist
Boker Tov, Boulder
Colorado Pols
Jeff Sherman

<-?Colorado BlogRing#->

sites, not blogs
Thinking Rock Press
 help israel
Israel Travel Ministry
Friends of the IDF
Volunteers for Israel
Magen David Adom
 1939 World's Fair
1939: The Lost World of the Fair
The New York World's Fair: 1939-1940
The Last Great Fair by Jeffrey Hart
Iconography of Hope (U.Va.)
Images From the '39 Fair
Tour the 1939 New York Fair
Powered by
Movable Type 3.2

« Kudlow for Congress? | Main | Blog Talk Radio »

Kudlow for Congress? - II

Civil Sense, he of the Colorado Index, doesn't like my dissing of CNBC business anchor Larry Kudlow, who's reportedly thinking of challenging Sen. Chris Dodd (D-Countrywide) in 2010.

First, while Kudlow may have used cocaine in the past, that is not an automatic disqualification for public office. Even President Obama admitted to using "a little blow" before.

Second, while Kudlow did not see the sky falling one year prior to the financial crisis, very few did. That said, he is not corrupt, unlike Sen. Dodd, so that would be an immediate improvement.

Third, because he is a broadcaster, he can communicate. After all, President Reagan was a baseball broadcaster early in his career. The Republicans have too many politicians who are philosophically correct yet cannot connect with the public e.g. Bobby Jindal. A trained broadcaster with a firm grasp of market economics may work wonders in educating the public and the fiscally illiterate members of the Senate.

I never said that prior cocaine use was a disqualifier. In fact, I pretty much went out of my way to avoid saying that. But these things are always held more against Republicans than Democrats, and you can be sure that it'll be used to color Kudlow out of the box.

Civ Sense nails Kudlow's biggest advantages: 1) he's not corrupt like Dodd, and 2) he can communicate business and economics on TV. How well that style translates to campaign speeches is as yet unknown. Giving interviews is very different from conducting them. And please, can we declare a moratorium on Reagan comparisons? Calling Reagan a sportscaster is like calling Eisenhower a football player. By the time he ran for governor of California, he was a little more than that.

(Sense's cutting Jindal is a little bizarre; given that he's actually been elected Governor of Louisiana, he clearly connected with over half the voters there; it's not as though the irresistible Louisiana Republican Machine put him in office.)

As for the tsunami, in fact, the Street was worried about this as far back as '06. I clearly remember sitting in meetings at the brokerage with our senior analyst and head trader remarking on the fragility of the mortgage credit market, and that these derivative had spread the risk around to the point where nobody knew who held what. Search Kudlow's columns for any unease in 2006 on that score.

Kudlow's in the position of a bridge player who's got almost all the high cards in one suit, and nothing in anything else. If the debate moves to something other than finance, he's screwed. If he can be shown not to be 200 times brighter than Dodd in that one suit, he's equally screwed. As late as December 2007, Kudlow was claiming that a few interest rate tweaks here and there, along with moving poor mortgage-holders into FHA loans, would be enough to right the ship with little pain. Not a great move for someone who's selling his deep understanding of money and markets.

Dodd may well be damaged enough goods that he can be taken in a Democrat state. I'm just not enthusiastic about Larry Kudlow as the man to do it.

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)


Power, Faith, and Fantasy

Six Days of War

An Army of Davids

Learning to Read Midrash

Size Matters

Deals From Hell

A War Like No Other


A Civil War

Supreme Command

The (Mis)Behavior of Markets

The Wisdom of Crowds

Inventing Money

When Genius Failed

Blink: The Power of Thinking Without Thinking

Back in Action : An American Soldier's Story of Courage, Faith and Fortitude

How Would You Move Mt. Fuji?

Good to Great

Built to Last

Financial Fine Print

The Day the Universe Changed


The Multiple Identities of the Middle-East

The Case for Democracy

A Better War: The Unexamined Victories and Final Tragedy of America's Last Years in Vietnam

The Italians

Zakhor: Jewish History and Jewish Memory

Beyond the Verse: Talmudic Readings and Lectures

Reading Levinas/Reading Talmud