Sam Seder
@TheMajorityReport·2M subscribers·30.1K videos
Trump Picks Human Blooper Reel Economist Larry Kudlow To Replace Gary Cohn
Posted
March 19, 2018
Views
13,070
Likes
306
Comments
53
Engagement
2.75%
March 19, 2018
13,070
306
53
2.75%
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7:49Now PlayingIn this Majority Report clip, Trump's new top economic adviser Larry Kudlow is comically wrong about everything.
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"It is not hard to find a list of the many, stupid ways Larry Kudlow has been wrong about major economic calls in the past quarter century. He has a childlike faith in the power of tax cuts and is a committed Republican partisan, both of which drive him to say consistently outlandish things. He celebrated the dot-com bubble heights of the stock market as a triumph of Reaganomics, denied the existence of a housing bubble during the George W. Bush years, insisted the Great Recession was not a recession, claimed Barack Obama’s stimulus package would usher in raging inflation, and so on.
Such unflagging technocratic incompetence makes Kudlow ― a former Bear Stearns economist better known as a CNBC personality ― an excellent fit for the bumbling Donald Trump administration. But Kudlow shares an even deeper spiritual connection with elite Republicans embarrassed by their party’s current standard-bearer: He worships wealth. And more than any other policy idea or political principle, public reverence for the rich has been the central organizing concept of the Republican Party from Barry Goldwater through Trump. Kudlow’s nomination to serve as the next director of the National Economic Council is an efficient distillation of a half-century of conservative thinking."*
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