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Thread: Trump to name Kudlow Chief Economic Advisor

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    Shut up and vote Addiction Solitaire Champion, Double Deuce Champion, Queen Jewels Champion, Ray Ray Shuffle Champion, Twins Champion, Blow Up: Arcade Champion, Bunch - Time Trial Champion, Znax Champion, Zoo Keeper Champion, Sobics School Champion, Swap a Smiley Champion, Makos Champion, Dino Drop Champion, Flower Frenzy Champion, Some Puzzle Champion, Funny Bubbles Champion, CubeZ Champion, Dinky Smash Champion, Fun Fun Animals Champion, Fruit Fabriek Champion, Raft Wars Champion, Rainbow Monkey RunDown Champion, Raft Wars Champion, Crime Puzzle Champion Blueneck's Avatar
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    Trump to name Kudlow Chief Economic Advisor


    President Donald Trump plans to name Larry Kudlow as his top economic advisor, sources told CNBC.

    Trump could announce his decision to choose Kudlow as his National Economic Council director as soon as Thursday. The president offered the economist and senior CNBC contributor the job on Tuesday night, and Kudlow accepted, a person familiar with the matter told CNBC.
    Kudlow, 70, would replace Gary Cohn, who resigned last week after losing his fight against tariffs on steel and aluminum imports. Kudlow advocates for free trade and generally opposes tariffs.

    When Cohn left, Kudlow expressed his disappointment with the move. On Tuesday, the president said he would welcome disagreement from Kudlow if he chose him for the post.
    "We don't agree on everything, but in this case I think that's good," Trump said. "I want to have different opinions. We agree on most. He now has come around to believing in tariffs as a negotiating point."

    https://www.cnbc.com/2018/03/14/trum...placement.html

    I've got to say, for as much as Trump complains about the media, he sure has hired a lot of people he's seen on cable news.

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    RNG
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    Well, he is another TV star after all so I'm sure the Republican President thinks they have a lot in common.
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    "Mr. Original". the watchman's Avatar
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    who else would work for Trump?
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    Shut up and vote Addiction Solitaire Champion, Double Deuce Champion, Queen Jewels Champion, Ray Ray Shuffle Champion, Twins Champion, Blow Up: Arcade Champion, Bunch - Time Trial Champion, Znax Champion, Zoo Keeper Champion, Sobics School Champion, Swap a Smiley Champion, Makos Champion, Dino Drop Champion, Flower Frenzy Champion, Some Puzzle Champion, Funny Bubbles Champion, CubeZ Champion, Dinky Smash Champion, Fun Fun Animals Champion, Fruit Fabriek Champion, Raft Wars Champion, Rainbow Monkey RunDown Champion, Raft Wars Champion, Crime Puzzle Champion Blueneck's Avatar
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    LOL:


    Yet while Kudlow is sometimes described as an economist, he has no economics Ph.D. — and, in fact, didn’t even major in economics at college. As for his Wall Street career, it ended in the mid-1990s amid what Kudlow admitted was a serious drug and alcohol problem.

    This:


    What Kudlow said: “There is no question that President Clinton’s across-the-board tax increases…will throw a wet blanket over the recovery and depress the economy’s long-run potential to grow.”

    When he said it: 1993

    What happened next: The 1990s bull market.


    What Kudlow said: “This correction will run its course until the middle of the year. Then things will pick up again, because not even Greenspan can stop the Internet economy.”

    When he said it: February 2000

    What happened next: The Dow would drop another 30% before bottoming out in September 2002 and beginning its comeback. But the Internet-laden Nasdaq, which peaked in March 2000, would not regain that level for another 15 years.


    What Kudlow said: “The shock therapy of a decisive war will elevate the stock market by a couple thousand points.”

    When he said it: June 2002

    What happened next: Over the next six months the Dow dropped 1,000 points. Meanwhile, the U.S. war in Iraq — the conflict Kudlow was referring to — proved anything but decisive, dragging on for roughly a decade and costing the U.S. Treasury more than $2 trillion.




    What Kudlow said: “There’s no recession coming. The pessimistas were wrong. It’s not going to happen. At a bare minimum, we are looking at Goldilocks 2.0. (And that’s a minimum). Goldilocks is alive and well. The Bush boom is alive and well. It’s finishing up its sixth consecutive year with more to come. Yes, it’s still the greatest story never told.”

    When he said it: December 2007

    What happened next: The global financial crisis, followed by the worst recession since the Great Depression.

    And the markets certainly didn't react well to this announcement today. Guess they know that guy's full of shit, too.

    Trump Favorite Larry Kudlow, Makes Bad Economic Forecasts | Money

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    "Mr. Original". the watchman's Avatar
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    yeah, it's way past time we put this administration out of it's misery. This is beyond embarrassing at this point. I'm not going to hold his past drug and alcohol abuse history against him. But, for fk sake, there's absolutely nothing to indicate that he's even remotely qualified for the job of economic advisor. Trump is trying to run the WH like it's an episode of "The Apprentice".
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    Veteran Member Dangermouse's Avatar
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    It's almost as if Trump goes out of his way to select people most likely to fuck up the job he gives them.

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    New Member BigBob's Avatar
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    Quote Originally Posted by the watchman View Post
    yeah, it's way past time we put this administration out of it's misery. This is beyond embarrassing at this point. I'm not going to hold his past drug and alcohol abuse history against him. But, for fk sake, there's absolutely nothing to indicate that he's even remotely qualified for the job of economic advisor. Trump is trying to run the WH like it's an episode of "The Apprentice".
    No one in this administration is qualified to be a leader in any field.

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    your better Rev. Hellh0und's Avatar
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    Quote Originally Posted by Blueneck View Post
    https://www.cnbc.com/2018/03/14/trum...placement.html

    I've got to say, for as much as Trump complains about the media, he sure has hired a lot of people he's seen on cable news.



    You do know he served in past administrations right?

  9. #9
    your better Rev. Hellh0und's Avatar
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    Quote Originally Posted by the watchman View Post
    yeah, it's way past time we put this administration out of it's misery. This is beyond embarrassing at this point. I'm not going to hold his past drug and alcohol abuse history against him. But, for fk sake, there's absolutely nothing to indicate that he's even remotely qualified for the job of economic advisor. Trump is trying to run the WH like it's an episode of "The Apprentice".



    Why?


    n 1970, while he was still a Democrat, Kudlow joined Joseph Duffey's "New Politics" senatorial campaign in Connecticut. Duffey was a leading anti-war politician during the Vietnam war era. Kudlow, working with Yale University student Bill Clinton as well as many other rising young Democratic students, was known as a "brilliant" district coordinator.[5] Kudlow worked on the U.S. Senate campaign of Joseph Duffey, along with Bill Clinton, John Podesta, and Michael Medved, another future conservative, and in 1976, he worked on the U.S. Senate campaign of Daniel Patrick Moynihan, along with Tim Russert, against Conservative Party incumbent James L. Buckley, brother of William F. Buckley, Jr.[6]

    Kudlow began his career as a staff economist at the Federal Reserve Bank of New York, taking a position "as a junior economist in a job where a master's degree wasn't required."[5] He worked in a division of that bank that handled open market operations.

    During the first term of the Reagan administration (1981–1985), Kudlow was associate director for economics and planning in the Office of Management and Budget (OMB), a part of the Executive Office of the President. While he worked at the OMB, Kudlow was also an advisory committee member of the Federal Home Loan Mortgage Corporation, more commonly known as Freddie Mac.[citation needed] In April 2005, New York Governor George Pataki included Kudlow in a six-member state tax commission.

    In February 2009, rumors surfaced that Kudlow was considering a run for U.S. Senator from Connecticut in 2010 against Christopher Dodd.[7] However, on March 24, 2009, he announced on his program that he was not running.[8]

    In January 2010, after the upset win of Scott Brown for the Senate seat from Massachusetts, a movement began in Buffalo, New York to draft Kudlow for the U.S. Senate seat in currently held by Charles Schumer.[9] On January 29, 2010, Kudlow said that he was considering entering the race: "I do believe that retiring Sen. Schumer would be a noble cause."[10] Kudlow never made any mention of the race again, allowing Gary Berntsen and Jay Townsend to pursue the seat instead.

    Kudlow could have run for the Senate from either Connecticut or New York in 2016.[11]

    In October 2015, U.S. Senator Richard Blumenthal, in an email to supporters, attacked Kudlow as "a champion of big corporations and big money" despite Kudlow's not announcing a run.[12]

    In early December 2015, Jack Fowler of National Review created a 527 organization that encouraged Kudlow to run.[13][14]

    In December 2016, President-elect Donald Trump was rumored to be considering Kudlow for the position as chairman of the Council of Economic Advisers.[15] [16]

    In March 2018, President Donald Trump appointed Kudlow to be Director of the National Economic Council, succeeding Gary Cohn.[17]


    https://en.wikipedia.org/wiki/Lawrence_Kudlow




    agree with him or not, but he is far more than a simple tv personality.

  10. #10
    Southern Strategy Liberal OldGaffer's Avatar
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    His academic credentials are as weak as water. Not even a Masters in economics.....
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