NEC Chairman Larry Kudlow Discusses Sustainability of U.S. Economic Growth…

National Economic Council Chairman Larry Kudlow appeared on Fox News to discuss the latest GDP figures from the Bureau of Economic Analysis (BEA).

Keep in mind when contemplating ‘sustainable growth’, all of the current underlying economic activity is during the phase of transition between Wall Street policy (last 30 years) and Main Street policy (Trump).  We are in the space between the two economic approaches; two engines – SEE HERE.

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How will we know when the two economic engines have crossed paths?  There is an easy answer:  Under MAGAnomic Main Street policies inflation is disconnected from FED monetary policy.  In the real economy inflation is connected to wage rates.  When inflation and wage rates reach growth equity (over two quarters), that’s when the Main Street economic engine will have caught and passed Wall Street. We’re close.  Watch.

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This entry was posted in Big Government, Big Stupid Government, Donald Trump, Economy, Election 2018, Environmentalism, EPA, media bias, President Trump, Trade Deal, Uncategorized. Bookmark the permalink.

76 Responses to NEC Chairman Larry Kudlow Discusses Sustainability of U.S. Economic Growth…

  1. jmclever says:

    The ship has been turned and now its full steam ahead!

    Liked by 15 people

    • USTerminator says:

      These traitors need to be castrated any mean necessary. I am f*cking mad at these a**holes.

      US Senate quietly votes to cut tariffs on hundreds of Chinese goods

      https://www.cnbc.com/2018/07/27/us-senate-quietly-votes-to-cut-tariffs-on-hundreds-of-chinese-goods.html

      Liked by 2 people

      • 4sure says:

        President Trump can veto the bill when it gets to his desk.

        Liked by 2 people

        • dd_sc says:

          That will be interesting; Senate passed it unanimously so 2/3 to override is possible. House more of a coin toss.

          Liked by 1 person

          • James Carpenter says:

            Yes, veto possible. But then the Senate Slimes will have to face the light of an issue gone public. Out of the smoke-filled back-rooms and into the sunlight. More than a few will suffer for the exposure.

            Like

      • Paco Loco says:

        Subject to Presidential veto. The Senate is anti American and we need to target every one of them that’s up for re-election and vote them out.

        Liked by 12 people

        • jmclever says:

          More material for campaign ads. Theyd be better off if they just did nothing rather than obviously undermining the economy.

          Liked by 5 people

          • HB says:

            I agree. Government should do nothing 90% of the time. Capitalists keep the country and economy in order. We have ups and downs but businessmen keep the ball rolling.

            Government no-accounts are just a continuous drain on everyone else.

            Liked by 7 people

            • “Government should do nothing 90% of the time.” Leaving it to business is what propelled the 1850-1910 industrial growth and explosive inventive genius in America. Edison, Ford, Carnegie, Bell, Rockefeller, Vanderbilt. Growth spurt, love em or hate em. Big time.

              Liked by 1 person

        • GB Bari says:

          If the bill passed both House and Senate by unanimous or near-unanimous votes, they can easily override a veto. On the surface it appears to be a stab in the Presidents back, unless he already knows about it and quietly signaled approval or no opposition.

          Like

        • Kaco says:

          Can it be vetoed if it’s passed unanimously???

          “The White House has not publicly taken a position on the so-called miscellaneous tariff bill, which has now passed both the Senate and the House of Representatives unanimously.”

          Like

      • Concerned Virginian says:

        “with no debate” and “unanimously passed”
        WHERE the HELL was The Turtle on this one? I’ll tell you where: doing another UniParty/DEEPSTATE deal behind the scenes to YET AGAIN pull an “et tu, Brutus?” stab in the back to President Trump.
        Maybe if The Turtle had his WIFE with him, he’d maybe have been able to show some spine. But the leopard cannot change his spots.

        Liked by 2 people

      • jmclever says:

        I smell a rat. this is a CNBC article. I *might* believe that it passed the senate unanimously. But the house as well? This is an orchestrated effort to give the appearance that POTUS Trump is a renegade who does not have the support of the rest of the govt. Remember, there are trillions at stake.

        Liked by 2 people

        • USTerminator says:

          This intention to undermine PDJT pressure on China trade negotiation. These jack*sses, so called Senators, are a tool of China. We need to kick them out before they will do China bidding. These same *ssholes would cry out Russia collusion but indeed they are China collusion. China is much worse than Russia.

          Liked by 1 person

      • John says:

        Now it’s going to get ‘down and dirty.’ This is a mutiny!

        Like

      • quintrillion says:

        The rotten crooked Senators should have to register as Communist, foreign lobbyists for pulling this stunt. I see a .BIG VETO from P45

        Like

        • quintrillion says:

          It’s time for pitch forks or tar & feathers for the crooked congress, Doj and the rest of the District of Corruption.

          Like

      • Menagerie says:

        Watch your language or I’ll put you in moderation.

        Liked by 1 person

      • bessie2003 says:

        There are no references within the article as to the House Bill or Senate Bill number in order to look it up and read what is in it; the only searchable references is to a bill the House passed in January, which the article now refers to as a miscellaneous tariff bill. Does anyone have the HB# or SB#, and if so, have these bills gone into a committee for reconciliation?

        Could this be another msm clickbait article?

        Like

      • Brant says:

        Passed both houses unanimously with a few minor differences. Since it is international, I hope it’s non-binding theater.

        Like

  2. jmclever says:

    Democrats don’t stand a chance for midterms. It’s the economy, stupid!

    Liked by 9 people

    • USTerminator says:

      But the RINOs are trying extremely hard to grab the defeat on the verge of victory. They are siding with the Democrats to undermine our PDJT policy all the way.

      https://www.cnbc.com/2018/07/27/us-senate-quietly-votes-to-cut-tariffs-on-hundreds-of-chinese-goods.html

      Liked by 3 people

      • Typical Uniparty nonsense.

        Like

      • The Boss says:

        This is a Reuters article reposted by CNBC. Look at it as trying to stuff 10lbs of road apples into a 5lb bag. A truly losing effort.

        Like

        • Kaco says:

          Here’s the bill, ready to go to the President.

          https://www.congress.gov/bill/115th-congress/house-bill/4318

          Liked by 1 person

          • bessie2003 says:

            It’s confusing, at least to me,

            because what they passed appears to be an amendment to the Consolidated Omnibus Budget Reconciliation Act of 1985, that seems to extend the expiration date of the 1985 Omnibus bill from its original expiration date of January 2026 to April 2026 and then adds certain tariff reductions for plastic shoes worth not more than $6.50 a pair and certain unidentifiable tariff reduction extensions;

            and the question, now, is, does this need to go into a reconciliation committee? and,

            didn’t President Trump let the Senate, the world in fact, know that he will not be signing any more omnibus bills?

            Like

          • Tiana says:

            This is the bill on tariffs that was approved by house and in the last few days by the senate (HR 4318)…
            https://www.congress.gov/bill/115th-congress/house-bill/4318

            This article explains a little about the process…
            http://www.internationaltradecomplianceupdate.com/2018/01/17/us-house-of-representatives-passes-miscellaneous-tariff-bill/

            This was passed in May 2016… supposedly to help American Businesses…
            https://www.congress.gov/114/plaws/publ159/PLAW-114publ159.pdf

            This briefly explains the Harmonized Tariff Schedule (HTS)…
            https://usitc.gov/tata/hts/index.htm

            This is the HTS with all its chapters of tariffs… chapter 99 has all the new changes from HR 4318…
            https://hts.usitc.gov/current
            THEN CLICK ON CHAPTER 99

            I am no expert on chemicals, so I don’t know how legit it is to make all of them duty free because our businesses supposedly need them, and we are not making them in the USA…

            but I am only on page 93 of 291… and I came across all these items which are mostly duty/tariff free:
            Shoes, baseballs, volleyballs, auto/truck/tractor/bicycle parts, grass shears, spraybottle nozzles, aspirin, D-mannose, garden figurines/plaques, golf and shopping bags, woven cloth, yarn, loudspeaker parts, walkie-talkies, lamps, camcorders, video monitors, small electric kitchen appliances (i.e. coffee makers, juicers, grills, etc.), lenses for cameras, batteries, laboratory equipment, child carriers, manicure/pedicure items and sets, rubber floor mats, rattan webbing, tramway parts for Seattle, electric radiobroadcast receivers, refracting telescopes, power weaving machines… oh, and do we really need to import tens of millions of gallons of ethanol tariff free?…

            So other countries are allowed to dump these articles in the US with no or minimal tariffs, which makes it impossible for US made articles to compete… especially if they are produced in smaller businesses…

            Unfortunately the house and senate voted unanimously on the bill, which will make it impossible to be vetoed by the President…

            I don’t think that the house representatives even read it… probably just relied on a summary by lyin ryan… and Mr. Gaetz actually co-sponsored it… 😦

            Like

      • lizzieintexas says:

        They sure are. All talking points are “blue wave coming, going to be close, republicans don’t have it on the bag” yada yada. And it woven into every segment some how. Been busy with life this past week And not watching much tv or doing much reading (even here 😔) but tonight watched the fox line up and it was so obvious.

        Like

    • conservalicious says:

      It’s called the Trump Wave! https://i.imgur.com/Wn2mm3J.jpg

      Liked by 1 person

  3. Kudlow is a freaking good spokesman!!

    Liked by 7 people

  4. Stab, the unstoppable hero says:

    I gave up my newspaper subscription 2 years ago. I don’t even bother to read them if they are available to kill time… wherever.
    Do any newspapers still have an economics section.
    An economics section that talks about the REAL economic news I mean.

    Liked by 2 people

  5. parteagirl says:

    So by sustainable he means that if we like this growth we can keep this growth? Yay! 🙌🏼

    Liked by 1 person

    • The Boss says:

      I think the administration deliberately co-opted use of the word ‘sustainable’ to troll the left. And wouldn’t you know it? All the lefty commentators, talking heads and resident idiots responded by saying higher growth is ‘not sustainable’. They’ll be totally eating their words in time for the mid-terms.

      Like

  6. California Joe says:

    My favorite Larry Kudrow quote from CNBC twenty years ago was….Mr. Greenspan, what’s wrong with prosperity? Larry chastised Greenspan for killing the US economy needlessly with rediculous interest rate hikes!!!

    Liked by 7 people

  7. Donna in Oregon says:

    Nothing has changed with the Fat Cats and Wall Street. This is exactly why we need to be on a different plane than these idiots. Globalists here:

    $500 Trillion to $700 Trillion in Derivatives…..certain CDOs,” or collateralized debt obligations

    https://www.forbes.com/sites/stevedenning/2013/01/08/five-years-after-the-financial-meltdown-the-water-is-still-full-of-big-sharks/#77ef54a83a41

    Understanding Deutsche Bank’s $47 Trillion Derivatives Book
    Size of figure can be misleading, but some of those assets are hard to value, stoking concern among investors
    https://www.wsj.com/articles/does-deutsche-bank-have-a-47-trillion-derivatives-problem-1475689629

    Like

  8. jmclever says:

    Notice the difference between Canada and USA in this cartoon. Im pretty sure its Canadian.

    https://i0.wp.com/mackaycartoons.net/wp-content/uploads/2016/11/2016-11-14.jpg?w=1008&ssl=1

    Like

  9. fleporeblog says:

    Here is the reality our President, Larry and our Killers know. If shrinking the trade deficit by $50 billion dollars added 1.06% to our 2nd Quarter real GDP, just imagine what will happen when we cut that deficit of $817 billion dollars in half.

    That would add 4% to 5% each quarter. If our President gets 3% on his own policies, add 4% to 5%, we are headed for uncharted territories.

    Your talking about 7% to 8% real GDP each quarter. Our Lion 🦁 was on Sean Hannity’s radio show this afternoon. It will be aired again at 9 pm on his TV show. Our President said himself that we can get to 8% or 9% and payoff our $21 trillion dollar deficit pretty quickly.

    WINNING like we saw today feels so good 😊. Our President deserved this in the worst way. WE deplorables delivered for him and our country.

    Enjoy 😉 it Treepers!

    Liked by 9 people

  10. zooamerica says:

    The next set of GDP numbers come out 11 days before the midterm elections!

    With the recent trade deal between the US and the EU, along with promising negotiations with Mexico, I think the next set of GDP numbers will prove that not only is the American economy “sustainable,” it’s unstoppable.

    Liked by 5 people

    • ladyliberty11 says:

      Would be great if Sundance would start a Treepers “man on the street” update every once in a while where we could contribute anecdotes of our personal business growth/personal growth experiences.

      Bypass fake news and get the real news! Things are humming, businesses are expanding and people are spending like crazy in my corner of the world. Can’t wait to see that “amazing” GDP number just before midterms! Our Super-Duper VSG knows what he is talking about.

      We are so blessed to be alive and see this rebirth of our nation. It brings joy to the heart and tears to the eyes. Words cannot express our gratitude to this great man. He has saved and restored our shining beacon of light in the world.

      Liked by 2 people

  11. Donna in Oregon says:

    At last I found an article that explains the soybean snafu. China may be in trouble come September, and our economy could be just fine. Our economy as in Main Street.

    Who knew soybeans would turn into an entire Econ lesson plan?

    Good article. But there are so many, is it correct? I’ve read (several) articles that tell different soybean/main street trade stories.

    https://www.scmp.com/news/china/diplomacy-defence/article/2152109/why-china-cant-count-brazil-fill-soybean-gap-its-trade

    Liked by 3 people

  12. tdaly14 says:

    The best part is growth with hardly any I flation. I like that. Grow to much to fast inflation comes.

    Like

  13. I feel like Larry Kudlow was originally anti-MAGA agenda because he genuinely believed the mainstream economic thought. I now believe that he understands the President’s ideology and “gets” it. God bless him!

    Liked by 6 people

  14. Fromseatoshinningsea says:

    The senators who voted to cut Chinese tariffs are on the Chinese payroll. It’s that simple. Traitors to us all, the enemy within, about whom we warned by our founding fathers. We The People are to ferret them out, the source of their wealth publicized. Their ignorance is incredible, those that pay them now will come after them tomorrow. They are selling out their own families.

    Liked by 4 people

  15. Mosby Creek says:

    Managing those expectations Larry…and thank you for sustaining your knowledge upon the land….
    P.S. Give POTUS MAGAnomics a Chance…it’s so new…and we’re so in need of this refreshing mini-boom going on right now…it’s there..despite the spoilers and the nincompoops trying to jostle it under the rug for their two minutes of lame fame…am just wondering though will the older white collars who need to, be called to the same fountain?

    Like

  16. Cheri Lawrence says:

    Love our Koala Bear! High optimism, high energy, an amazing team! 😘

    Liked by 1 person

  17. MAGAbear says:

    Have to laugh at these business analysts I’ve heard today saying that the numbers were so good because foreign governments were trying to hurry up their financial activities before the tariffs kick in. Can’t possibly be that the threat of tariffs or the tariffs themselves might actually be a cause of the positive economic activity, could it? Free-trade dogma is being shown for what it is: dogma.

    Liked by 1 person

  18. Akindole says:

    I was with a mortgage broker helping my older son decipher their BS this afternoon, and he started talking “fed rate increases…” I looked at him and said, “don’t bet your points on that because Trump won’t let it happen.” He then said the magic words “anticipating recession” as some sort of justification for historical (prior) fed rate increases. I then reminded him about the actual old school “inflation” dogma, and how Trump’s increases in productivity will destroy the legacy scheme (soon to be known as the Krugman Paradox). Needless to say it whizzed right over him…

    So, it’s deja vu right here straight outta SD’s keyboard…

    To wit: “Under MAGAnomic Main Street policies inflation is disconnected from FED monetary policy. ”

    Talking to the unwashed babbling CNBC is truly like stepping out of a time machine from the future. The downside, of course, is that Yvette Mimieux is never there.

    Liked by 2 people

  19. Curry Worsham says:

    Kuddles got so worked up he almost said “bullsh!t” on live TV!

    Liked by 2 people

  20. Johnnyreb says:

    Bernard Baruck once said that an economist is someone who thinks they know more about money than those of us that actually has some.

    Like

  21. Love Kudlow’s optimistic point of view and grasp of overall situation. Let’s not get into the trees so we can’t see the forest.

    Liked by 1 person

  22. treehouseron says:

    I don’t care, I LOVE Larry Kudlow.

    What I like most about him is he had the DAMN SENSE to get behind the President when it was apparent that what he was doing, was working. Kudlow isn’t a fan of tariffs, but the president did it, and it worked, and Kudlow supports what works.

    He has his purpose, and he does a damn good job at it. I love how positive he is. He’s a f******* patriot, that’s all their is to it, Kudlow loves this country and he’s fighting as hard as he can for it. What a wonderful person, we need more people like him in politics.

    Like

  23. teeheeman says:

    I think Kudlow is the bomb! Experienced, smart and able to handle the goofs in the press. A really good complement to Trump IMO.

    Like

  24. treehouseron says:

    QUOTE!

    “I just believe, if you have the right policies to unleash enterprise and individual initiatives… limited taxes, limited regulations, limited government, steady currency and so forth… better trading system… that will allow Americans to exercise their God-given talents. Every American! Everyone benefits when the economy rises. 155 some odd million Americans working Sandra. Everyone benefits from this!”

    Liked by 1 person

  25. todayistheday99 says:

    Larry’s a national treasure. End of story.

    Like

  26. D Rogers says:

    Sundance(and the rest of you beautiful Ones at CTH) – Your enduring educational pieces like this got my attention in 2016 as Trump won the primary in RECORD numbers, and, I cannot tell you how this dumb mechanical engineers’ eyes have been opened to these economic revelations. Two years later you are being proven correct and I cannot tell you how important these ‘lessons’ are for us. Evah. THANK YOU! You have re-paid my standing-a-post-with-a-weapon-while-you-slept in spades… Keep it up! #MAGA

    Like

  27. 6x47 says:

    To put it another way:

    There is a domestic market, and an international market.

    Finance is global, and makes money wherever it is invested.

    Trump MAGA policies are revitalizing the domestic market.

    Like

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