Larry Kudlow is an Idiot #2

On Wednesday night’s edition of his show in THE SHOUTING CHANNEL (a.k.a. CNBC), Larry Kudlow’s guests stared in horror as Kudlow shouted that Federal Reserve Vice Chairman Donald Kohn should “shut his yap.” What did Kohn say that was so offensive to Kudlow? He said that the Fed should hold rates steady until at least one or two teenagers could get summer jobs. That doesn’t sound too crazy to me. So why did Kudlow go berserk? Because he knows that $150 oil in November will flush all the Republicans out of Washington. The day before, Bernanke tried to talk up the dollar, which is supposed to knock down oil. And then Kohn went and exercised some adult supervision and rescinded Bernanke’s tough talk since raising rates during a nasty recession is universally considered to be dumb. President Bush conquered a country with more oil than Saudi Arabia four years ago. Where is that oil? Only the defiant Kurds have actually made any progress in ...