'I plead guilty': Larry Kudlow admits he was wrong about 2008 recession

NBC host Chuck Todd reminded White House economic adviser Larry Kudlow of his ill-fated prediction in 2007 that there was “no recession coming,” as Kudlow praised current economic forecasts.

“This is what you wrote,” Todd said on Meet the Press. “‘There’s no recession coming.’ This is in December of [2007]. ‘The pessimistas were wrong. It’s not going to happen. The Bush boom is alive and well. It’s finishing up its sixth consecutive year with more to come.’ The more to come was a massive downturn. I admire your optimism, but the data is pointing in another direction.”