Replacing Gary Cohn, today is day one for Larry Kudlow to hit the airwaves as President Trump’s new Chairman of the National Economic Council. This will be an interesting dynamic to watch. In essence, Kudlow’s job – whether he admits it or not, is to remove the clenched grip of U.S. Chamber of Commerce President, Tom Donohue, from the republican trade and business position.
With multinational trade confrontations now taking center stage, Kudlow is going to have to slowly shift the GOPe political minds into a modern Trump-era where Main Street U.S.A. is the priority. Wall Street needs to shift to domestic investment if they desire to remain beneficiaries.
President Trump is immovable on his trade and economic agenda. Period; end of story. Ask Gary Cohn or any other member of the disassembled manufacturing council advisory board who quit last year because POTUS Trump just wouldn’t heed their duplicitous and high-minded advice. Do you remember candidate Trump mentioning the endless talking to nowhere that he has not time for? Yeah, that.
President Trump has a 30-year-developed plan and strategy for the U.S. to recapture economic power. Commerce Secretary Wilbur Ross, Treasury Secretary Steven Mnuchin, U.S. Trade Representative Robert Lighthizer, and key trade strategist Peter Navarro are carrying out that plan.
Anyone thinking they would somehow disrupt three decades of trade planning by POTUS Trump is too funny to give typeset space.
POTUS would cut off his own hand before he would change direction on his economic strategy.
Remember: “America First”. Titan-minded Trump is the most committed economic influence agent in the history of American politics.
The National Economic Council (NEC) is an entity demanded by the formal traditions of the Office of the President. The council assembles, meets, discusses, hold conferences, invite guests etc. However, for POTUS Trump it’s an exercise in formality run mostly by professionals who benefit from the indulgences of membership.
The NEC has no more influence on Trump’s economic plan than any chosen Country Club has influence over his skills on the golf course. But it looks good. And that’s it.
Chairman Larry Kudlow will be working overtime amid the financial-class cocktail party circuit to share an entirely different economic when it comes to trade and investment.