Larry Kudlow
- Thread starter tjebarr
- Start date
Trump’s economic adviser is really bad at economics.
Kudlow graduated from University of Rochester in Rochester, New York, with a degree in history in 1969.
Kudlow recommended buying stocks in September 2008
Kudlow said invading Iraq in 2002 would boost the economy
Kudlow denied the existence of the housing bubble in 2005
Kudlow lauded the “Bush Boom” on the eve of the Great Recession and ridiculed “pessimistas”
Here are some things that Larry Kudlow wrote in one single article in December 2007:
- “There’s no recession coming. The pessimistas were wrong. It’s not going to happen.”
- “The pessimistas are a persistent bunch. In 2006, they were certain a recession was just around the corner. They were wrong.”
- “I believe the economic pendulum will soon swing in favor of the GOP.”
- “The Bush boom is alive and well. It’s finishing up its sixth consecutive year with more to come. Yes, it’s still the greatest story never told.”
The Great Recession started in December 2007.
Kudlow dismissed the seriousness of the Great Recession in February 2008
In July 2008, Kudlow said it was a “mental recession, not an actual recession”
In an article titled, “If things are so bad…” Kudlow gathered a few loose strands of possible good news in the face of an avalanche of evidence of catastrophe, just before the global economy started to collapse. Kudlow wasn’t buying it. “We are in a mental recession, not an actual recession,” he wrote.
“And the low-tax, free-trade, free-market, capitalist economy is a whole lot more resilient and durable than the pessimistas and declinists would have us believe,” Kudlow said.
Kudlow thought the housing market hit bottom in July 2008
Kudlow cheered on Wall Street CEOs using bailout money to fun private jet trips
Kudlow called Occupy Wall Street demonstrators “anti-American” but said the Tea Party was great for the economy
Kudlow imagined Obama’s economic policy would yield high inflation rates
Over both Obama terms, inflation rates remained historically low — lower than any other modern presidential term.
Kudlow said unemployment benefits make people not want to work
In 2015, Kudlow appeared on Glenn Beck’s show and said he thought that unemployment assistance made people not want to work. This is not true.
“Trouble is, our government down through the years, under both Republicans and Democrats, has created a whole series of incentives not to work,” he said. “This is what I find very troubling: they’re going to pay you not to work.” He then extended the metaphor to Obamacare benefits.
Kudlow also recently admitted that he has “virtually no knowledge” in the field of issues that affect families grappling with poverty, although he did still take the opportunity to lecture single parents about how they are to blame.
Kudlow defending Trump staff picks arguing that “wealthy folks” don’t have to “engage in corruption”
Kudlow said he could fix the economy by sitting down with Glenn Beck for a half hour
We just need to get a Socialist like Bernie in there to start taxing the wealthy at 70% rates and really watch this economy take off.
Well we do have the Venezuelan example we could follow if we simply adopt Socialism without restrictions. Isn't it time we tried that since clearly Kudlow's Capitalism is a farce?
Listen country, all they have to do is simply follow my "shovel ready jobs" plan and look at my results.
