Bill Maher has said more than once that a recession would totally be worth it in order to evict the current White House resident (here), but Trump economic advisor Larry Kudlow made his opinion clear on Fox News Sunday: There’s nothing of the sort awaiting.
Guest host Dana Periono asked Larry about the President’s actions to prevent the Big One, particularly given that short-term Treasury bonds dropped below that of longer-term bonds last week. Such a tank can foreshadow recession; in fact, the fall caused 2019’s worst single-day loss for stocks so far.
But Mr. Kudlow said The Donald’s doings are motoring things right along:
“The Trump pro-growth program, which I believe has been succeeding, we’re going to stay with that.”
And, to put it bluntly, the notion of a recession’s hogwash:
“There’s no recession on the horizon. What’s wrong with a little optimism?”
Dana Perino asks @larry_kudlow if the White House is worried about a possible recession #FNS #FoxNews pic.twitter.com/694farlkST
— FoxNewsSunday (@FoxNewsSunday) August 18, 2019
Larry was a busy man Sunday — he also guested on NBC’s Meet the Press, where Chuck Todd called him on the carpet a bit.
The host pointed out that Larry was similarly confident in 2017, just before the Great Recession — Larry fouled up.
And he fessed up:
“I plead guilty to that.”
But he still believes we’re fine.
Pete Buttigieg, for what it’s worth, disagrees. He told CNN’s State of the Union as much:
“We’ve got an economy not working for most Americans. … Most Americans can’t get ahead. … And the President had made it abundantly clear he doesn’t care.”
#ThingsCandidatesSay
Pete claimed we’re “probably” on the cusp of an economic descent.
Maybe Bill Maher will get his wish after all.
Then again, Buttigieg may not have the best judgement — just ask Black Lives Matter.
Via RedState
