Trump picks camera-proven Kudlow as top economic aide

I'm not an Economic Adviser to the President, but I play one on TV.

Another day, another cast change on Chaos Island.

Someone as ignorant, wrong, clueless and stupid as Kudlow may actually be overqualified for the position in Fat Donald's view of the world.

Someone as ignorant, wrong, clueless and stupid as Kudlow

Whoah. I feel like you just called me all those things too.

Larry is a very good man. As the article shows through anecdotes from J Bernstein, he has his views but maintains respect from those who don’t share them.

I for one agree that lower taxes are better for economic growth than higher taxes. Look what happened with the stock market since Trump’s surprise election.

His mantra that ‘free market capitalism is the best path to prosperity’ is spot on.

"There's no recession coming," Kudlow wrote. "It's not going to happen."

Economists later concluded that the Great Recession and the financial meltdown it triggered began the month that column was published.

For an expert, that's a large sign to miss

"Economists later concluded that the Great Recession and the financial meltdown it triggered began the month that column was published."

This, and the fact that Trump is going to roll back laws that prevent banks from doing what they did to create the economic catastrophes of 2008, along with Trump's tax cuts for the rich... it's going to happen again. If it weren't for the poor people and average Joes suffering on behalf of the rich, who don't get any punishment at all for it, I'd laugh when (not if) if happens again. I hate to say Americans have themselves to blame, but they absolutely do. All the signs that it is going to happen again are there. It's like Americans secretly want to suffer... or maybe it's not so secret.

His mantra that ‘free market capitalism is the best path to prosperity’ is spot on.

Instead you get tariffs, and lots of 'em. MAGA etc

For an expert, that's a large sign to miss

He's admitted that he got that one wrong :) Kudlow is a hopeless optimist so you would be wise not to wait for him to forecast the next recession before thinking one might happen, but his understanding of what is good for business and the economy is sound.

What I never heard was the eeconomic experts who advised massive government spending ("fiscal multipliers" would lead to 4% growth) admitting that they got it wrong. Then there was that guy who said when Trump was elected that the stock market or economy was going to crash and never recover. Tens of record highs later, the US stock market is some 25% higher, so it seems everyone makes mistakes, at least once.

Trump's tax cuts for the rich... 

That would imply virtually all American income earners are rich. Sounds like a partisan propaganda slogan, which non-Americans such as myself are happy to see through.

Instead you get tariffs, and lots of 'em. 

Mr. Kudlow is not in favour of blanket tariffs, the opposite. The President will be better advised for having Kudlow there, as a counter to Peter Navarow and Wilbur Ross.

The President will be better advised for having Kudlow there.

A Trump advisory gig has to be the most futile job in the country. His real advisors run the late night shift at FOX.

Honestly the White House communications have been terribly disorganized. That's a fact that cannot be disputed and fair to say the least. It is still undoubtedly questionable with Kudlow in there if it actually going to enhance anything. Kudlow's job is to regularly advocate Trump's economic program with just a bit more frequency, positive, consistent flavor is my expectations for his position. Well the more I think about it, Kudlow as solid as his economic credentials are, might be better off as a PR spokesperson.

Due to the US economy's floundering state in the past 10 years or so, Kudlow's duty is in the the spotlight of being a high profile position in reference to Trump's growth focus policies. Interesting enough to note that during Obama's time, his lead advisors were meagerly known heads compare to Goldman Sach's Cohn who's been under the current administration.

Another interesting fact that many people are not aware of was that Obama had also position changes over the 8 years with 4 different people. One of their snafu in economic oversight when the global economies were imploding was to prioritize in handling the healthcare timetable. That was when the world was at the most fragile state in recent times where global growth and stabilization was despairingly needed.

As a result, Bernanke had to do almost all the heavy workload where it should have mattered more at the White House instead of at the Federal Reserve. Bernanke had to continue providing liquidity to stabilize the global credit system and as well other issues through unprecedented monetary means via experimentation of QE. The Fed had to keep printing money out of thin air up to the point where they had to pass the QE baton off to BOJ and ECB.

The U.S is running debt at 105% of GDP, probably stepping up to 110 - 120% in the not too distant future. I sure hope those tax cuts translate into a very significant increase in, company profits and therefore more company and income tax revenue. If not, it will have been a massive mistake. Jury is out.

With the above prior post I've stated in mind, the most significant economic policy around the globe is coming out of the White House. Kudlow's statements will be closely scrutinized by other players around the world because of the essential consequences attached to it in reference to the various capital markets.

It is even a bigger deal for a full time personal, private institutional macro fundamental investor and technical intrinsic value-based trader like me who trades and invest 7-8 USD figure voluminous transactions through forex futures ＆ spot, options, bonds, stock indexes, ETFs, commodities, precious metals, cryptocurrencies and real estate.

Here are some of Kudlow's comments during the time he was announced as the official head of the White House Economic Council from my own Bloomberg Terminal platform...

https://framapic.org/EMecWf4z3ULC/XrrBELCKK646.jpg

That would imply virtually all American income earners are rich.

The majority of the tax cuts go towards the rich. The poor get next to nothing. Whatever tax cut they get will go expire in a few years.

Sounds like a partisan propaganda slogan, which non-Americans such as myself are happy to see through.

Ahh, so you're implying Americans are unable "to see through it?" Pray tell, why would that be?

Kudlow's job is to regularly advocate Trump's economic program 

Rather, Kudlow basically wrote the core pillars of the tax cut.

The majority of the tax cuts go towards the rich. The poor get next to nothing.

You do understand that taxes cannot be cut for those who do not pay taxes... right?

Ahh, so you're implying Americans are unable "to see through it?" Pray tell, why would that be?

Beholden to partisan media. Both sides.

The tax cuts benefit all, doesn’t matter what those against say.

Obama himself had proposed Corp tax cuts.