Archive for the ‘Larry Kudlow’ Category

Salena Zito, the premier on-the-ground political report in the nation, reports that President Trump’s support is strong in Pennsylvania. If President Trump wins Pennsylvania again, it’s virtually impossible for former VP Joe Biden to win. Regardless of what the polls say, the numbers are the numbers.

Ms. Zito reports that “Despite a deadly pandemic, staggering unemployment and racial unrest, Pennsylvania voters showed up in record numbers to take part in their presidential primary Tuesday — even though the results were a foregone conclusion.” Before jumping to the conclusion that Mr. Biden had turned in an impressive performance, it’s best to read further before forming a conclusion.

Later, Ms. Zito reported “With almost 98 percent of districts counted, Republicans have cast more than 861,000 ballots for Donald Trump, with 734,000 Democrats voting for Joe Biden. And while it’s still unclear how many people voted in person versus mail-in ballot, some counties are reporting that Trump drew plenty of supporters out of their homes.”

That means that President Trump got 53.98% of the primary vote. Despite the fact that President Trump had clinched the nomination months before this, people still voted in high numbers for a primary. Then there’s this:

Four years ago, pundits dismissed the overwhelming number of Trump signs posted on back roads, farms and highways in Rust Belt states as an unscientific measure of voter enthusiasm. But the signs for Trump (and lack of signs for his opponent Hillary Clinton) revealed a passion factor that traditional polls missed. In 2020, Trump signs are once again everywhere in Pennsylvania. And Biden signs seem nonexistent.

Trump signs, meanwhile, he’s seen a lot of them. “They are everywhere,” La Torre said, “and many of them are homemade.

The fact that people are making Trump signs means that they aren’t just Trump voters. It isn’t a stretch to think that they’re Trump volunteers, too. Since the start of the pandemic, the media has played up the supposed difficulties within the Trump campaign. After Republicans won the 2 congressional special elections last month, I said “the massive Trump army didn’t disappear during the pandemic.”

Indeed it hasn’t. Coupled with the city council elections in Staunton, VA, signs are emerging that GOP turnout will be formidable this November. This article suggests that President Trump is in trouble in Ohio. That’s foolish thinking. The Fox News poll that it’s based on apparently thinks that Joe Biden will excite the Democrats’ base and pull off a major upset.

There’s nothing from the primaries that suggests that Joe Biden is igniting the Democrats’ base. Biden was in trouble until James Clyburn endorsed him in South Carolina.

With a strong jobs report from Friday, there’s reason to think the Trump campaign is gaining momentum. Couple that with the Democrats’ call to defund the police and you’ve got a different version of peace and prosperity working in President Trump’s favor. Let’s be clear. I’m not saying that we’ve fully returned to the hot economy before the virus hit. I’m saying that people believe we’ve turned things around and we’re starting a new comeback. Larry Kudlow thinks that’s started:

Larry is eternally an optimist. Still, he’s often been right about these things. I won’t bet against his predictions.

Kelli Ward’s op-ed in Newsweek contains the right medicine for restarting the U.S. economy. Dr. Ward writes that, just as the first COVID-19 task force has recommended regulations that slowed medical innovation, so must President Trump’s economic task force eliminate regulations that cause economic stagnation:

Just as first task force identified places where our medical regulations sometimes hindered the swift action required (such as forcing the FDA to rapidly approve clinical trials for potential life-saving medicines), the new task force needs to identify the abundance of regulatory obstacles standing in the way of an economic jump start. From the start, the Trump Administration has done an exceptional job removing burdensome regulations to foster a booming economy. As America returns to work post-coronavirus, it is imperative that we finish the job by eliminating every remaining shred of unnecessary red tape that holds our economy back.

It’s also critical that the task force represents diverse sectors of our economy, starting with a robust delegation of small businesses. In addition to mom-and-pop small businesses, the travel, hospitality and food service industries have been clobbered and all deserve to have a seat at the table. Other considerations should be given to restaurants, live events and sports leagues, as well as all other entertainment and leisure industries.

The first important step is rejecting Sen. Schumer’s and Nancy Pelosi’s government-centric initiatives. When was the last time regulations created a FedEx or a Microsoft? When did government interference help ignite an economic upswing? The answer to both questions is never.

Dr. Ward is right about this, too:

Furthermore, the task force should avoid making one-size-fits-all pronouncements on entire cities, states and regions. As someone who lives in flyover country, I can tell you that many Arizonans have felt inundated by a big-city-only perspective on the crisis. While our hearts are with our fellow citizens in New York City, I can assure you some parts of the country can and would reopen now if given the opportunity. The same approach should be applied to entire sectors of the economy. Many industries will have to enact new protocols to ensure the worker safety in order to restart. The second task force can and should provide guidance on those protocols.

One-size-fits-all policy-making is fantastic — if everyone’s needs are exactly the same. Thinking that the manufacturers’ needs are the same as the financial industry’s needs or the agribusiness’s needs is foolish. The task force should have people who’ve built strong economies on it. It requires people like Larry Kudlow, Art Laffer, Steve Mnuchin. It requires small business entrepreneurs. Bernie Marcus and Steve Forbes should be part of the task force, too.

Speaking of one-size-fits-all vs. federalism:


I can’t say it better than that. I’ll leave it at that.

If President Trump staffs this task force on Tuesday, then it’s imperative that they start the research on rebuilding the economy on Wednesday at the latest. While it’s important to get people physically healthy, it’s essential that we get people financially healthy, too. The best way to do that is to eliminate punishments on entrepreneurs. Imposing taxes are required to run a government. Imposing regulations are required for running an orderly society. Too much of either, though, leads to economic stagnation.

By morning, if not faster, it’s virtually certain that the MSM will intentionally mischaracterize the Trump administration’s plans for the economy. That’s how they roll. The key to understanding the administration’s plans, look no further than Treasury Secretary Steven Mnuchin’s quote.

In a statement to Fox News, Mnuchin said “The president is very much looking at how we can reopen parts of the economy. There are parts of the country, like New York, where obviously this is very, very concerning. There are other parts of the country where it’s not.”

Kudlow added “The president would like to reopen the economy as soon as he can, and we are planning internally,’ adding that the spread of the CCP (Chinese Communist Party) virus is what will determine when the economy can be reopened. ‘I am hoping … we’re only a few weeks away from a reopening. We’ll see.”

In other words, President Trump isn’t planning on opening the economy by opening NYC a week after Easter. The thought that the administration is planning this suggests that there’s some thoughtfulness involved. Larry Kudlow has helped build some pretty dynamic economies in his career. Why shouldn’t we think that he’s capable of rebuilding the economy another time? It’d be one thing if we were asked to trust someone for the first time. That isn’t the case this time. Mr. Kudlow helped build the original Reagan economy that created 20,000,000 jobs.

This is exciting news on the COVID-19 front:

“Everybody who knows me knows that I am very conservative about making projections, but those are the kind of good signs that you look for,” White House task force member Dr. Anthony Fauci said during a televised briefing on April 6. “That’s the first thing you see when you start to see the turnaround.”

The COVID-19 virus, aka the Chinese Communist Party virus, isn’t to be taken lightly. Still, there’s increasingly positive sign appearing daily. At some point, it’s time to unleash this economy again. It was creating millions of jobs. Wages were rising at 3.1%. Unemployment was at 3.5%. There isn’t much chance it’ll pick up right where it left off. Still, there’s no doubt that it won’t perform well again. This isn’t the Obama administration asleep at the switch this time.

Dr. Fauci answers when we’ll return to normal during this briefing:

Like the title of an old book, “normal is a setting on a dryer.” There’s no question that it’ll take awhile to forget this virus. Some of the dire predictions won’t happen, either.

Still, there’s lots of stuff that we’ll learn from this virus, including whether we should’ve shut down the economy like we did. The easy answer is that we should’ve shut it down but that position is losing popularity due to the fact that we’re realizing that many of our decisions were guided primarily by fear. Fear, aka panic, isn’t the best basis for policy-making.