Kudlow: Israel Conflict Good for the Stock Market

[AnnInLa]

THE FRUITS OF WAR:

I think there are good reasons to support Israel's counterattack against Hezbollah. But Lawrence Kudlow's argument--that it's stoking the stock market--is not one of them.

Seriously, Kudlow really is arguing that the war is causing the markets to surge. You really need to read his whole column to get the whole flavor. For instance:

"For a long two weeks Israel and Hezbollah have been going at it hard, and world stock markets have chosen to climb. The backward-looking media pessimists won't see this, but the real world, real money votes of the global investor class should be noted and digested by all the rest of us. Indeed, I believe world investors are thankful for Israel's courageous efforts in the cause of freedom, independence, security, and hope for the future."

I should remind the readers that Kudlow is not just some raving nut sitting in a windowless room. He writes about economics for National Review and hosts a talk show on CNBC. In other words, he's a raving nut who enjoys prestigious platforms to disseminate his views.

--Jonathan Chait

http://www.tnr.com/blog/theplank?pid=28207

[cspanlovr]

1. How craven can you get?

[stepnw1f]

2. I'm Glad He Said So Openly

Now, we on the left have proof of the right making profit off of war and noasting about it.

[sweetheart]

3. israel has more capital raised in US markets than domestic

Getting the US riled up is always good for business.

[David Dunham]

4. Kudlow is admittedly a former Cocaine user. He must be back on it.

[ShortnFiery]

5. What slime! Greed is DISGUSTING.

Everyone has to "get buy" but how much do these BLOATED Wall Street Tycoons have to make to say "enough!"

The only comfort I have is that I truly believe in Jesus and the message he sent to us on the "Sermon on the Mount."

I haven't reached that state of grace yet, but we should feel sympathy for the "Kudlows of Wall Street" for they will burn for eternity within the Seventh Ring of Hell. :(

[bronxiteforever]

6. Blood Sucking Amoral Bastard

Good God-what has this country become-blood stains everywhere. In the words of a song "How can we sleep while our beds are burning?"

[nancyr]

7. Oh, that makes it all worthwhile.

Nice to know there is a bright side!! What's a few hundred innocent dead people as compared to a good market for war profiteers????