Donald Luskin has now endorsed John McCain [CONFIRMED]

[WilliamC]

He is now a spy for Ron!

Ah dude you went and gave it away!

Seriously, don't talk about fight club

 

[ForrestLayne]

Somebody really BIG must have gotten to him - just like they did a certain candidate in 1992 - (the wheels threaten his family so he pulled out - he was vocal about it too)

 

[pacelli]

Luskin Leaves Paul for McCain
February 7th, 2008 by Dan McCarthy

Donald Luskin informed us today that he is stepping down as an economic advisor to Ron Paul and signing on to the John McCain campaign.

http://people.ronpaul2008.com/campaign-updates

 

[Ethek]

Thanks for the backstory lastnymleft.

 

[Sandra]

I thought maybe Dr Paul traded mcCain Luskin for the Louisiana delegates.

 

[Battlecruiser]

Wow, very smart move by McCain. "Keep your friends close, but keep your enemies even closer". One of the biggest rules of playing Hardball.

And Luskin, you lost all the respect I had for you.

 

[Cindy]

That's what I am thinking. McCain bought him to advise him/teach him about economics because McCain thinks he is a shoe in for the nomination. If it's true, then I can believe that people can be bought for about anything, they would trade they mama for enough dollars!

Yup! Someone bought him for McInsane and it should be obvious why.

After Paul outted McInsane for being clueless regarding how the economy is being run, and casted doubt on him there, what better way to restore faith in McCain by saying , "Hey Look! We have one of Ron Pauls economic adivisors. We'll handle the economy just like Paul would be advised too so you can all switch to McCain now."



Problem is that it's all smoke and mirrors and we all know McCain will do no such thing as listen to Ruskin.

You can't maintain McInsanes pro war agenda, shmanesty bill and follow Pauls economic plan at the same time.

Luskin was paid a high price to do this for McCain. I wonder who coughed up the dough.

 

[lastnymleft]

Thanks for the backstory lastnymleft.

One thing I forgot to mention: Luskin has been a registerd Libertarian for at least a couple of years. I find that encouraging.

 

[lastnymleft]

Luskin was paid a high price to do this for McCain. I wonder who coughed up the dough.

My guess: Steve Forbes is behind this. McCain would have offered him Sec of Treasury, or some such, and Steve would be filling out hypothetical under-positions. Luskin knows and trusts Forbes from their CNBC roles.

 

[hrdman2luv]

March 19, 2002, 8:00 a.m.
Slay this Trojan Horse
There’s a huge tax-hike hidden inside a new Senate bill.

By Donald Luskin
A new bill in the Senate that appears to be about insuring transparency in the post-Enron world is actually a Trojan horse, filled with an enormous hidden tax.

Senate bill S.1940, called "Ending the Double Standard for Stock Options Act," was introduced a month ago by Sen. Carl Levin (D., Mich.), with co-sponsorship by John McCain (R., Ariz) and three other senators. It seeks to motivate companies to include executive and employee stock-option expenses in earnings reports by limiting corporate tax deductions to the amount that is expensed. But on the inside there's also a tax-hike — structured in a strongly anti-supply-side way — that would reduce incentives to invest and systemically raise the cost of capital for American business.

Tech-industry advocates are fighting the bill today, but they are only complaining about the hit to earnings calculated using the Generally Accepted Accounting Principles that would result from having to expense options — and GAAP earnings are just an accounting convention, not real money. What they aren't talking about is that this is a real tax increase, one that would cost real money and hurt real earnings. Here's why.

http://www.nationalreview.com/nrof_comment/comment-luskin031902.asp

 

[MsDoodahs]

Don Luskin refers to Peter Schiff as a "perma-bear".

Schiff is a perma bear.

 

[donnay]

Thanks--but I am surprised that the Campaign has not put out a formal statement about this transition.

 

[lastnymleft]

Schiff is a perma bear.

Even a stopped-clock is right twice a day.

I am not on that level, but my own research leads me to concur with him that there's a financial tsunami coming at us, imminently, and have taken appropriate steps to prepare for such.

Perhaps the stopped-clock is approaching being spot on...

 

[ChooseLiberty]

a few facts about Luskin -

He writes a column for smartmoney.com now part of Murdoch Inc.

He got kicked off his column with thestreet.com after he pissed off Cramer with his prima donna attitude.

================

Look into Luskin's background, it's probably not pretty and filled with all sorts of things just like this recent incident with RP.
.
Luskin always seemed like a second rate economist and investment advisor. For instance, he's been telling people to back up the truck on stocks all the way down as the market is still tanking. Doubtful he could ever make a living taking his own advice.

My bet is he sold out for money and a chance at a treasury job since his career path so far hasn't been stellar.

 

[revolutionary8]

He will get Bernanke's job

and his family will get the special chip straight from Rockefeller?
He will spend the rest of his life living in fear that someone in his family (however distant, good LORD pray not immediate) won't realize that freedom and happiness and prosperity doesn't come from material wealth and possessions?

-Just a thought.
May he reap what he has sewn sooner than later, so that others may learn in this life time...

 

[amy31416]

Hold the ponies everyone, here's what I get from Wikipedia:

On January 24, 2008, Luskin was named Economic Adviser to the Ron Paul 2008 presidential campaign.[9]

Ron Paul Presidential Campaign

On January 22, 2008, Luskin endorsed Ron Paul for president.

On January 24, 2008, Luskin was appointed Economic Advisor to the Ron Paul 2008 Presidential Campaign. In reference to Paul's economic revitalization plan, Luskin said "Ron Paul’s economic plan is the real thing – a plan. It’s not just a band-aid designed to ‘stimulate’ the economy in an election year. It’s a fundamental agenda for real and lasting change, making the US economy more vibrant and competitive, and removing barriers to advancement for all Americans.” [18] On February 7, 2008, Luskin stepped down from Paul's campaign and joined McCain after hearing about McCain's plan for "more sunshine."[19].

So how does this so suddenly turn around and become an McCain endorsement unless the man is truly mentally ill?

It does not compute.

I need clarification.

 

[CrazyRonPaulSupporter]

Phuk Wikipedia. Anyone can edit there, ANYONE!

Will get some real answers soon, hold on everyone!


.

 

[amy31416]

Wow, very smart move by McCain. "Keep your friends close, but keep your enemies even closer". One of the biggest rules of playing Hardball.

And Luskin, you lost all the respect I had for you.

Zero respect for him any longer. Jesus!

 

[Stealth]

an Endorsment For Mccain Doesn't Mean He's Voting For Mccain.

 

[Carole]

Maybe it is a jealousy or power thing since Schiff joined as advisor after Luskin. ??

Maybe he is paid more by McCain?