Schiff?
Oh him, I've seen him on TV.
Yeah he looks like the better of the 2 economic pundits. We don't need a guy with personal issues like past drug use.
Schiff?
Oh him, I've seen him on TV.
Yeah he looks like the better of the 2 economic pundits. We don't need a guy with personal issues like past drug use.
The website dedicated to drafting Schiff for the U.S. Senate has an article that compares Kudlow & Schiff on economic policy, and makes a very strong case showing Schiff is the better of the two.
Not sure why Kudlow has such a strong following with some conservatives. He’s okay, but...
Schiff vs. Kudlow: Who’s the real fiscal conservative?
Submitted by Dagny Taggart
Larry Kudlow, famous CNBC money anchor and National Review columnist, is now considering a 2010 Senate bid against Chris Dodd. Kudlow is known for his strong support of free market capitalism, and he is highly respected in conservative circles. Interestingly, Kudlow often invites Schiff on his CNBC show, The Kudlow Report. But, in a potential battle of fiscal conservatives, how does Kudlow match up against Schiff? Here’s a sample, comparative analysis:
* Kudlow advocates cutting taxes for businesses and individuals across the board. Schiff does as well, but Schiff goes a step further, and is even open to eliminating the federal income tax, since our nation prospered for over one hundred years without it. This would require drastic cuts in out of control federal spending and balancing the budget.
* Kudlow was a strong supporter of Bush’s economic policies. Schiff, on the other hand, consistently criticized Bush for expanding the size of federal government, running budget deficits, and ballooning national debt.
* Kudlow supports a strong dollar policy, yet under Bush and Bernanke, the dollar devalued over 25%. Schiff is known as the champion of a strong US Dollar.
* Kudlow supports running up budget deficits in special circumstances, such as to stabilize the banking and financial system. Schiff completely rejects running deficits and is a stalwart defender of balanced budgets.
* Kudlow denied the US was already in a recession in early to mid 2008 and even said, at that time, that Bush may turn out to be a top economic forecaster. Meanwhile, Schiff was insistent that a recession was well underway and continued to warn of an imminent stock, credit, and housing market collapse.
* Kudlow supported the first $700 billion Wall Street bailout, known as TARP. However, Schiff railed against it, predicting it would not work and that it would skyrocket national debt, explode the federal budget deficit, and eventually lead to high inflation.
* Kudlow did not support Obama’s “stimulus” package, nor did Schiff.
In just these few categories, it is quite apparent that Schiff has been more consistent in his fiscally conservative approach to monetary policy. In addition, Schiff has demonstrated a much higher predictive accuracy in his economic forecasts compared to Kudlow.
For those fiscally conservative Republicans, Schiff would be the better candidate.