This video is making the rounds, featuring financial analyst Peter Schiff getting mocked and derided by a variety of Fox News "journalists" and commentators over the last couple of years.
Appropriately, it's a footnote to the Wikipedia entry on Arthur Laffer, a prolific writer and long time Reaganite trickle down supply-sider. In the clip, it is he who gets the Laffing started.
Intelligent design fluffer Ben Stein recommends his stock picks, including Merrill Lynch, which he describes as "an astonishingly well run company" and a great bargain. He predicts stocks to be "a heck of a lot higher a year from now" in August 2007, when Merrill Lynch was trading for 56 dollars per share. MER closed yesterday at less than 14 bucks. Subprime mortgages? Merely a blip, says Stein.
Another Fox business prophet foresees the DJIA at 16,000 points. It's about half that this morning. Laugh, Cavuto, laugh.