Holding the Left Accountable for Being Wrong All the Time


And also agree:

For the past six years haven’t the libs like Peter Schiff and Karl Denninger been predicting that TARP and QE would cause the dollar to collapse inflation to soar? So much for that.

Valuations of the most successful web 2.0 companies, such as Uber, Snapchat and Tinder, will keep rising due to strong fundamentals (both in the web 2.0 scene and the US economy), perpetually low interest rates (Yellen won’t be raising rates in 2015, I guarantee it) and huge monetization potential from the hundreds of millions of users of these apps. The left wishes it were a bubble, a repeat of 2000 all over again, but whining about valuations being too high won’t make it so, sorry losers. The left has been calling web 2.0 a bubble since 2006, to no avail. The left said Facebook would never make money, dismissing it as just another ‘Myspace’ and a waste of time – how wrong they were. Facebook makes billions of dollars a year in profits, and Instagram alone is now worth $30 billion.

And in 2013 the NYT declared war on the enormously successful free market success story Tesla and lost, which I’ll paraphrase from an earlier post

Recall in 2013 the increasingly irrelevant liberal rag The New York Times tried, with much desperation and futility, to defame Tesla and Elon Musk in an editorial where avowed liberal auto reviewer John M Broder deliberately ran his test Tesla out of electricity in order to write a bad review. Tesla stock was trading at $40 at the time; it’s now at $210, to the chagrin of the liberals who wanted to see Tesla fail, and another defeat for the wealth spreading left in their war on success and capitalism.

Tesla is booming, and another liberal ninny pessimist wrong, as they tend to be.

You see this over and over again, of liberals calling a company or a trend (Uber, Snapchat, Facebook, Silicon Valley real estate) a bubble or a ‘crisis in the making’ and then when they are wrong, instead of just admitting they were wrong, they either: change the target or extend the time frame for when the ‘obvious’ bubble must burst; so if the web 2.0 bubble didn’t burst in 2012, it must happen in 2015. We need to start calling the left out on this and holding them accountable for being wrong all the time, and through this blog that’s what I am doing.