If anyone with a billion bucks followed Larry Kudlow’s advice on investing they would be broke now. Kudlow is literally clueless and the fact that he was ever considered a economic expert is laughable. It is amazing that because a network exec decides to stick someone in front of a camera they somehow become “experts”.
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Speaking of economics, I have some questions where I’m scratching my head. Maybe some smart Republican can answer these:
1. In 2009, Tea Party Republicans were up in arms over the high budget deficits under President Obama. In addition, during his 2016 campaign, Trump lambasted Obama over the budget deficit. Obama inherited the great recession economy which resulted in greatly reduced tax receipts, leading to large budget deficits. However, his stimulus (which temporarily increased the deficit some more) helped bring the economy back and eventually reduced the deficit by over 2X. Now, following the Trump/Ryan 2017 tax “reform” providing large tax cuts mostly to the highest income people, Trump is on his way to re-inflating the deficit. It’s now forecast to grow to over a trillion dollars per year. Question: Why, all of a sudden, have the Tea Party people gone silent over the deficit? With a Republican President, did it stop being a problem?
2. During his campaign Trump kept saying -- like over 200 times -- that Mexico was going to pay for a wall on the southern border. Question: That being the case, then why is he demanding emergency funding for a wall, plus why is he asking for 8.6 billion dollars of wall money in his 2020 budget proposal?
3. In his campaign, Trump promised to NOT cut Medicare and Medicaid. However, in his 2020 budget, he’s now proposing to cut both. Question: What exactly did Trump mean in 2016 when he promised to not cut Medicare or Medicaid?
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I have faith in Trump. He’ll wreck this country just the way he wrecked his casinos, Trump Steaks, Trump airline, and so many other businesses he was involved in. The only think he’s good as is suckering the gullible. Luckily for him—and unluckily for America—62 million Americans fell for his con hook, line and sinker, and they’re still denying the obvious.
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We should trust a guy who had to file bankruptcy multiple times and actuality bragged about it?
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I thought he'd destroy the US economy in a year or two, but looks like the Obama economy was a bit more resilient than I had thought.
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Larry Kudlow has predicted 3% growth in 2019 and 3% growth "as far as the eye can see". Perhaps he removed his glasses before the final remark?
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