I have long believed that stock markets are the best barometer of the health, wealth and security of a nation. And today's stock market message is an unmistakable vote of confidence for the president.
was written back on June 20, 2007 when George W. Bush was the President. Then again - Paul Krugman has had fun with it on a couple of occasions.
Of course, most well informed people would argue that the stock market is not the same thing as the labor market. I guess Mr. Kudlow could distance himself from his quote back then by acknowledging the error in his old thinking.