NEC Chairman Larry Kudlow Discusses The Economy…

National Economic Council Chairman Larry Kudlow appeared on Fox Business today to discuss the current state of the economy.  Mr. Kudlow was questioned about several media reports surrounding discussions of new tax cuts, tax rate modifications and tax policy.

Additionally, Kudkow updates the latest position on the U.S-China trade discussion.

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This entry was posted in Big Government, Big Stupid Government, China, Communist, Donald Trump, Economy, Election 2020, Hong Kong, Legislation, media bias, President Trump, Taxes, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

17 Responses to NEC Chairman Larry Kudlow Discusses The Economy…

  1. dufrst says:

    Trump strongly believes in growth. The deficit will come down after Trump’s military buildup is over. Which means no more giving into Dems and GOP outrageous spending increases in non-defense discretionary spending just to get a rational increase in defense spending. Besides, Trump is getting other nations to boost their military spending and a second term will give Trump more leeway to reposition US forces abroad.

    Also, the new trade deals will lower the trade deficits, if not eliminate them bringing investment back to the US, which will boost GDP even more and that will increase revenues and reduce the deficits share to GDP.

    Patience is in order when it comes to the deficit. It didn’t happen overnight and it won’t disappear overnight but in 5-6 years I believe people will be rather impressed with where the country will be fiscally.

    Liked by 11 people

    • Daniel M. Camac says:

      dufrst, I like your reasoning. The Conmunists (that’s shorthand for Damnocrats and RINOS) have definitely used Defense $$ as a bargaining tool against former Presidents. But thank God, President Trump is not a politician per se.

      Larry “Koala” K holds his own in this interview and I think he could have brought up some other numbers to support President Trump’s agenda.

      I know folks will blather about now much waste there is in the military budget but do you really want to delve into the total waste of non-military funding which does absolutely nothing to protect us? I’ve seen the waste in private multi-million dollar companies and I can assure you that is a drop in the bucket compared to Federal welfare and other programs that do not need investors….because they have taxpayers like you and me to pay for it. Sorry I don’t have links but anyone can scan the internet to find these abuses.

      Deport all illegals, let ICE do their job and we just found a whole lot of money to work on balancing the budget. And tariiff Mexico to H*ll if they don’t continue stopping the onslaught.

      Anybody follow OANN which shows a running total each day of how much we are paying for ILLEGAL ALIENS aka NON-AMERICANS? I’ve always wondered if those numbers are real but I don’t see the Conmunists ranting about it on Twitter so they must be robust.

      Liked by 7 people

    • Dances with Wolverines says:

      And then a Republicrat will take over and it’s back to square one.

      Liked by 1 person

  2. Patience says:

    Yes. Patience

    Liked by 2 people

    • Daniel M. Camac says:

      Patience, I’m refraining from singing the Guns and Roses version but it does seem to fit the narrative here. Wasn’t much of a G&R follower but that song caught my attention as did “Mr. Brownstone” although that one brought some sad memories to light.

      Liked by 1 person

  3. I wonder if it is at all possible to make a deal with China. They are absolutely not trustworthy. I don’t know how you can even do business with them they are so sleazy.

    Liked by 1 person

    • Daniel M. Camac says:

      I’m sure A2 can chime in with a “Dealing with China” webinar. Obviously it will have to be encrypted. Webinar 2 will be “Dealing with China 2.0” Followed by…..you get the drift.

      Like

    • GB Bari says:

      President Trump will not sign a trade deal with China until it is one where we can absolutely VERIFY that they are not cheating with respect to forced technology transfer and Intellectual Property theft and other nefarious schemes they’ve carried on to cheat their trading partners and maintain an advantage. “Verification” is, IMO, the sticking point on which the CCP does not want Xi (or Liu He) to agree to Trump’s terms.

      And because of China’s resistance to being held to more honest standards in trading, I believe that President Trump is more than willing to keep raising the costs for them to trade with the US until they give in or collapse.

      Liked by 1 person

      • Daniel M. Camac says:

        GB Bari, As per protocol, you have hammered the proverbial nail on the head. I love that pic that Sundance previously showed of Our President leaning back, looking at Mnuchin and USTR Robert Lighthizer during the trade negotiations. Epic I say.

        May the tariffs reap their rewards for good ole USA as China slowly bows to a new Emperor……….Chairman Orange Man Bad!
        Pass the saki, will ya.

        Liked by 4 people

    • WSB says:

      No deal can ever be made. Period…IMHO.

      Liked by 1 person

  4. ATheoK says:

    Real Tax cuts are what the democrats fear most.
    • One of their reasons for keeping pen borders policy and democrat government representatives escorting illegal immigrants into our country.
    • Several years ago, illegal immigrants were estimated to cost America in excess of $260,000 each.
    • Obamacare,
    • Free healthcare for immigrants who mostly use hospital emergency rooms and dup the expense on the system,
    • social welfare costs,
    • education system impacts,
    • job losses and wage stagnation, etc. etc. etc.

    • Democrats ran a pork filled bill through Congress and the Senate, when president Trump agreed to not let the country to default.

    • Federal Reserve governors support raising interest rates ihat increase America’s debt payments.

    All to prevent President Trump from balancing the budget and reducing debt.

    Looks like it is going to be a bad year for democrat ulcers!
    Winning!

    Like

  5. dayallaxeded says:

    It’s as simple as this: Spending only for constitutional functions. No spending whatsoever for anything else–let states and localities deal with the other stuff, if it’s important. Under a constitutional regime, military spending would not be a problem.

    Like

  6. Rynn69 says:

    MAGA on…

    Like

  7. I think that this nation is finally going to start re-remembering that “The Economy” is “Your [National] Economy, First!” Globalism tried to exploit cheap Communist Chinese labor to de-industrialize all other nations, and it only created a race to the bottom that impoverished everyone (including the ordinary Chinese). The only way to reverse it is to bring manufacturing of all sorts back into the domestic sphere – both in the USA and in every other nation.

    “The Economy” isn’t a fiction of a financial speculator’s balance sheet – it is “actual things.” Things that you don’t turn to any other nation to manufacture for you. No, you do it yourself, and by-the-by they’re the best-made products on Earth. People start to beat a pathway to your door wanting to buy them because they’re the best. This isn’t rocket science. This is what this nation used to do routinely.

    And, if every nation went to the international negotiating table, knowing in advance that every nation was going to strive to put “[My Country] First!,” the negotiations that followed would of course be tumultuous and difficult – but they would be good ones. They would “lift all boats,” not scuttle them.

    Like

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