Many economists knew the economy was in trouble back then, but not the ideological hack Arthur Laffer. Remember all the talk about housing and stock market bubbles? Of course John has amnesia about all that. Too painful to accept his hero didnt know what he was talking about.
John's HERO mr. John Laffer" August 2006. THIS IS THE GUY THAT JOHN GOES TO FOR HIS INFORMATION ON TAX POLICY AND ECONOMICS. YOU CANT MAKE THIS STUFF UP. LOL.
"The U.S. ECONOMY HAS NEVER BEEN IN BETTER SHAPE". HE PROCEEDS TO BET PETER SCHIFF THAT THE ECONOMY WILL NOT COLLAPSE BY 2008.
HE IS A TOTALLY DISCREDITED ECONOMIST. And Johns favorite.
I truly sympathize with your embarassment John. I understand completely
why you want to move on. Its kind of like your statments that the globe is cooling, and that hybrids, plug-ins, and electric cars will "never" be technologically and economically viable". Its kind of like when you refuse to be answer questions i pose on your stock predictions surrounding capital gains rise and tzx cuts lapsing. There is nothing you can do but just man up and keep your head high. lol.