... jumps on the bandwagen and proclaims that a STRONG recovery is in the works.
Like Larry Kudlow, he refused to credit government action but nevertheless admits that the "doom and gloom" folks are dead wrong. The second paragraph below sounds like he's specifically talking about some of the sillier and more ignorant posters on this very board.
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Typically when you are in a V-shape kind of recovery, that happens pretty quickly. I expect by very early spring or late winter we'll be seeing significant job growth. Retail sales are up at an annualized rate of 7% in the last six months. Manufacturing output is up 8%. Inventories are very low. What that means is I think we've fallen behind, companies have waited almost too long to try to catch up, so we'll see this thing accelerate pretty quickly."
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I want to always see the economy do well. What I don't want is people to take the wrong lessons from this. That's why I think conservatives are making a huge mistake right now arguing that just Obama breathing every day will cause the stock market to go down and you should buy gold and head to the hills. The economy is bouncing back, it's going to be stronger than people think. That's only going to make it easier for (conservatives') political opponents to argue that they saved the day by spending lots of money."
A happy economy forecast from Mr. Sunshine, Brian Wesbury - Dec. 28, 2009
Ken