Few in today’s corporate-dominated mass media in the United
States better embody our “ruling intellectual force” than Lawrence
Kudlow. As his CNBC bio sketch indicates, he is no mere sycophant to
the criminal class of plutocrats who rule our nation. His resume’
includes a Princeton education, an influential position within the
Reagan administration, a stint as a high-powered player on Wall Street,
and (currently) a position as the principal of an investment research
firm. No mere journalist is he. Lawrence is both a member of the ruling
class and its staunch advocate in the “liberal media.”
Calling
him a swine would insult our porcine brethren, so let’s not label him.
Instead, let’s define him by his numerous betrayals of the human race.
As we shall learn, these betrayals gush from his pen (and mouth) to
form a relentlessly potent stream of perverse justifications for
institutionalized theft, rape and murder.
Let’s consider and dissect some examples of Mr. Kudlow’s punditry:
Kudlow’s “Design for Doom” appeared in the Washington Times on 5/13/07:
“And while Republicans talk about significantly increasing the defense
budget and expanding American force levels for all the armed services,
the Democrats hope for some sort of Iraqi peace dividend upon immediate
withdrawal — one that can be rechanneled into higher domestic social
spending... To a person, each Democratic presidential candidate also
wants to raise taxes on the rich and roll back President Bush’s tax
cuts. The Republicans, however, understand those tax cuts have
propelled economic growth and contributed to a stock market boom. They
recognize Mr. Bush’s Goldilocks bull-market economy — which I call the
greatest story never told — relies on extending the investor tax cuts
and perhaps even moving forward with a flat tax or national sales
tax... Finally, to a person, each Democratic presidential candidate
also has it in for corporate America. The Democrats discuss various
punishments for business — especially oil companies, but also drug,
utility and insurance firms. Not so for the Republicans, who talk about
helping businesses and promoting entrepreneurship in our successful
free-enterprise economy.”
Slow down there, Larry! You are emptying your arsenal of American Capitalist memes in just a few paragraphs.
Kudlow knows that if he and his fellow aristocrats are to maintain the
shekels to afford $3,000 suits, cars costing six figures, Rolexes,
trophy wives and mistresses, global jet-setting, and homes with the
square footage of the Taj Mahal, us “commoners” have to believe in the
illusion of democracy, and hence that there is a dime’s worth of
difference between Republicans and Democrats. Yet given the fact that
both parties are beholden to obscenely wealthy corporations and
individuals, and that many of our “elected” officials are well-heeled
insiders like Mr. Kudlow, even Mr. Roarke and Tattoo couldn’t make this
fantasy real.
And by all means, let’s increase a “defense”
budget that already exceeds more than the rest of the world combined
(to “defend” 5% of the world’s population). Assuming the Democrats did
throw a few additional crumbs to the homeless, poor and working class
via the “higher domestic social spending” Larry decries, public
spending for infrastructure, education, housing, transportation, and
health care would remain grossly inadequate for a nation with the
wealth and power of the United States.
Presenting a
particularly glaring pair of contradictions, Kudlow laments that the
Democrats have “it in for corporate America.” Would Larry have us
believe that the Democrats are truly dense enough to bite the hand that
feeds them?
Further miring himself in inconsistencies, he raves
about the success of our “free-enterprise economy.” With sharply
decreased regulation and the increasingly incestuous relationship
between the US government and “corporate America,” leviathan companies
like Microsoft, Halliburton, and Wal-Mart are attaining frightening
power and dominating the so-called “free market.” Free enterprise has
indeed been wildly successful for a relative handful of major
investors, like Kudlow.
In May of 2006, Larry penned “Would
Adam Smith Approve?” This excerpt comes from Human Events.com, which
claims to have been “leading the conservative movement since 1944”:
“A couple hundred years ago, in his “Theory of the Moral Sentiments,”
Adam Smith contended that capitalism requires a moral and ethical
center if it is to function effectively and to the benefit of all.
About 30 years ago, supply-side economic philosopher Irving Kristol
similarly emphasized the importance of capitalism’s moral compass. His
wife, the brilliant historian Gertrude Himmelfarb, wrote regularly
about the importance of morality in society, culture and the economy, a
topic she covered in her standout book, “The De-Moralization of
Society.” She sets off the Victorians in English history as an example
of a moral society……
Capitalism in this country has been under
assault ever since FDR’s New Deal 1930s, a time when a number of
alphabet agencies attempted to control America’s industrial and farming
sectors. The experiment soon proved a dismal failure, with unemployment
running 20 percent to 25 percent up until World War II. It was only
when Roosevelt started unleashing businesses to produce wartime goods
that the economy ultimately resurrected.
Still, the American
welfare state would grow. In the 1960s and 1970s, the murderer’s row of
economic morons — LBJ, Nixon, Ford and Carter — in allegiance with
their liberal Keynesian advisors, concocted a socialist policy mix that
ultimately led to wealth-destroying big-government stagflation.
Providentially, Ronald Reagan changed all that in the 1980s. The Gipper
slashed tax rates, deregulated industries and rescued the dollar,
unleashing the forces of entrepreneurial capitalism...
As
deregulated stock markets democratized the American financial system, a
great new investor class grew up. Roughly 20 million investors evolved
into over 100 million share-buyers, and they got rich in the process...
This investor class has also become the nation’s most powerful voting
block. In recent elections, nearly two out of every three voters has
been a stockowner. And yes, they are voting for capitalism — meaning
lower tax rates, limited government and greater opportunities for
entrepreneurship.
George W. Bush, a lineal descendant of
Reagan, calls this the “ownership class.” And though I can’t prove it,
I’m willing to bet that this group’s demand for lower tax rates and
entrepreneurial activity goes hand-in-hand with the cultural
characteristics of hard work, thrift, personal responsibility and
law-abiding behavior...
Looking down from his perch in heaven, Adam Smith would be very proud.”
Once again, Kudlow has showered us with a salvo of deceptions and
distortions. He wastes no time with subtlety either as he relentlessly
advances the agenda of the ruling elite.
It is obviously a
testament to his superior intellect that Kudlow can discern that Adam
Smith would feel such pride “from his perch in heaven.” Yet in spite of
Larry’s certainty, one can’t help but consider the more likely
possibility that a moral philosopher like Smith would recoil in horror
at the gross injustices and atrocities resulting from the economic
system so often attributed to him.
In a flagrant display of
intellectual dishonesty, Kudlow reassures us of the “moral compass”
guiding capitalism by referencing Irving Kristol, the godfather of the
Neoconservative movement. Sinking further into a quagmire of deceit, he
portrays Victorian England as “an example of a moral society.” Lawrence
has a point. Those of us with a social conscience marvel at the
morality exhibited by the industrial capitalists of the Victorian Era.
Child labor, fourteen hour work days, pittance wages, dangerous working
conditions, squalid living conditions, and workhouses exemplified a
moral society driven by an undying compassion for humanity.
What Larry means when he says that “capitalism in this country has been
under assault ever since FDR’s New Deal 1930’s” is that he and his
excessively wealthy associates strenuously object to progressive taxes,
public spending on domestic social programs, and laws that protect
workers and consumers. Kudlow longs for a return to the “good old days”
of the Gilded Age, Robber Barons, monopolies, and unbridled freedom for
him and his ilk to inflict misery upon the rest of us.
Lawrence’s professed reverence for “the Gipper” (who was largely
successful in his efforts to crush what remained of the power of
organized labor, emasculate government regulatory agencies, and shift
the tax burden back to the poor and working class) coupled with his odd
reference to George W. Bush as a “lineal descendent of Reagan” offer us
more clear indications that he is a relentless champion for the cause
of the ruling elite.
(“Lineal descendent?” Sounds almost as if he would welcome the restoration of a monarchy).
Kudlow’s highly disingenuous arguments concerning the “ownership class”
or “investor class” in the US are riddled with fallacious conclusions.
Playing fast and loose with the truth, Larry boldly proclaims that
“this investor class has also become the nation’s most powerful voting
block...And yes, they are voting for capitalism — meaning lower tax
rates, limited government and greater opportunities for
entrepreneurship...I’m willing to bet that this group’s demand for
lower tax rates and entrepreneurial activity goes hand-in-hand with the
cultural characteristics of hard work, thrift, personal responsibility
and law-abiding behavior.”
Since we haven’t had a legitimate
presidential election since 1996, and both the Democrats and
Republicans represent corporate and patrician interests, the
composition of the largest voting block is nearly irrelevant. This
“minor detail” aside, wouldn’t it be instructive if we knew by what
means Lawrence determines that people voting for a particular candidate
were “voting for capitalism?” It is also interesting to note his less
than subtle implication that those who don’t “vote for capitalism” are
lazy, wasteful, irresponsible, and criminal.
Kudlow’s ebullient
claim that, “Roughly 20 million investors evolved into over 100 million
share-buyers, and they got rich in the process…” is extremely dubious.
For a more realistic perspective on the “ownership class” in the United States, consider this segment from
a report from Professor G. William Domhoff of the University of California at Santa Cruz:
“In terms of types of financial wealth, the top one percent of
households have 44.1% of all privately held stock, 58.0% of financial
securities, and 57.3% of business equity. The top 10% have 85% to 90%
of stock, bonds, trust funds, and business equity, and over 75% of
non-home real estate. Since financial wealth is what counts as far as
the control of income-producing assets, we can say that just 10% of the
people own the United States of America.”
Remember that
Lawrence Kudlow represents the 10% who own the United States. Those of
us comprising the remaining 90% are “just renting” and need to
recognize his agitprop for the intellectual flatulence that it is.
For those still doubting pernicious nature of Kudlow and his efforts, here are a few more examples:
“The Greatest Story Never Told” appeared in Human Events in 4/06:
“Today’s economy may be the greatest story never told. It’s an American
boom, spurred by lower tax rates, huge profits, big productivity,
plentiful jobs and an ongoing free-market capitalist resiliency. It’s
also a global boom, marked by a spread of free-market capitalism like
we’ve never seen before...
Indeed, bashing big oil won’t create a drop of new energy. Nor will confiscating Lee Raymond’s bank account.
Energy is best left in the hands of the free market. With this in mind,
Congress should allow environmentally friendly drilling in the Arctic
National Wildlife Refuge and the Outer Continental Shelf, more LNG
terminals and the creation of nuclear power facilities.”
Perhaps today’s economy is the “greatest story never told” because the fairy tale Kudlow depicts never happened.
To his credit, in this piece Larry openly proclaims his support for
rapacious industries (i.e. Big Oil), outrageously excessive CEO
compensation, and the rape of the environment for profits.
Kudlow wrote “Bull-Market Cheers for Bush” on 2/3/07:
“… George W. Bush became only the second sitting American president to visit the floor of the New York Stock Exchange…
Huge cheers. Loud applause.
This is the same guy the mainstream media loves to kick around — the
same guy who suffers sinking polls while standing resolute on the
subject of Iraqi freedom, and who gets virtually no credit for the
Goldilocks economy and unprecedented four-year stock market boom. He’s
also the same guy who continues to prove he has more character than
most anyone serving in public office today.”
Kudlow’s
capacity to pervert the truth (or perhaps his tenuous grasp on reality)
is breath-taking. While many serving in public office in the United
States are ethically challenged (which lowers the bar considerably),
Larry has still averred that George W. Bush, one of history’s most
heinous war criminals, has character.
Notice too how he
cleverly intimates that he is not a part of the “mainstream media”,
which he and his fellow reactionaries often label as “liberal” to
maintain the illusion that the Fourth Estate is still performing its
function as watchdog rather than serving as the propaganda network for
the ruling elite.
In response to the Israeli invasion of Lebanon in 7/06, Kudlow opined in “Israel’s Moment, the Free World’s Gain”:
“Israel is doing the Lord’s work. They are defending their own homeland
and very existence, but they are also defending America’s homeland as
our frontline democratic ally in the Middle East...
Repeatedly hostile actions by the totalitarians in Iran, Syria, Hezbollah, Hamas, and North Korea are all connected...
When the dust clears the world will applaud Israel for its courage.
Sensible freedom-loving people everywhere will realize that Israel’s
furious response in the face of senseless terrorist attacks will have
made the world a better place.
In fact, we are all Israelis now.”
What are we to make of this bizarre set of statements?
Are we reading the ravings of a lunatic, the pronouncements of a
pathological liar, or perhaps the calculated manipulations of a master
propagandist?
Killing over a thousand Lebanese civilians
(compared to the 43 Israelis Hezbollah killed), displacing over 200,000
people, and devastating Lebanese infrastructure is “doing the Lord’s
work?”
What is Kudlow’s alleged connection linking the
actions of the disparate entities he characterizes as “the
totalitarians in Iran, Syria, Hezbollah, Hamas, and North Korea?”
Mr. Kudlow, thank you for pointing out that millions of “sensible
freedom-loving people everywhere” are lining up to support oppressive,
militaristic aggressors like Israel and the United States. Most of us
are unable to recognize their presence.
“We are all Israelis now?” Wow! Perhaps Lawrence is a bit daft after all.
After examining Lawrence Kudlow’s mendacious punditry, it is reasonable
to conclude that his myriad media conduits have enabled him to infect
the minds of untold millions with “the ruling ideas” of “the ruling
class.” Accordingly, if by some miracle the ruling elite of the United
States face consequences for their egregious military and economic
crimes against humanity, those meting out punishments need to remember
to give Mr. Kudlow a generous helping.
Jason Miller is a wage
slave of the American Empire who has freed himself intellectually and
spiritually. He is Cyrano’s Journal Online’s associate editor (http://www.bestcyrano.org/) and publishes Thomas Paine’s Corner within Cyrano’s at http://www.bestcyrano.org/THOMASPAINE/. He welcomes constructive correspondence at JMiller@bestcyrano.org