Posted on 03/14/2018 3:52:37 PM PDT by Kaslin
RUSH: So this is funny. So Trump has finally selected Larry Kudlow to become chairman of the National Council of Economic advisers. Hes replacing Gary Cohn, who was too much a globalist and was asked to go back to Goldman Sachs or somewhere. So CNN is announcing this by saying, Trump Taps TV Personality as New Economic Adviser. Hee-hee-hee-hee-hee. Now, for those of you that dont know, Larry Kudlow is a veteran of the markets.
arry Kudlow was a star at Bear Stearns, and he was heavily involved in policymaking in the Reagan years. Hes been around a long, long time, and I must For those of you who have been around long enough, this goes back to the early nineties. If youve been here long enough that you remember my detailed explanation of baseline budgeting and how it works, it was Larry Kudlow who explained it to me one night in New York over dinner, and until that time I had no idea what baseline budgeting even was.
I didnt even know it existed. I thought the federal budget was like any other budget. You figure out what you spent. Do you need that much or more the next year? If you didnt spend as much was allocated, you cut the budget the next year. I found out it doesnt work that way at all, that the current services baseline, whatever is spent in a given year, becomes the baseline upon which guaranteed increases happen every year. And the more you can add to the current services baseline like Obamas stimulus package added to the current services baseline. Its how the budget never gets cut.
Its enacted into law that the budget must grow minimum 5 to 7% every year no matter if you do nothing, and Kudlow spent an hour explaining this to me. He is no slouch, and CNNs trying to put him down by writing (laughing), Trump Taps TV Personality as New Economic Adviser. For crying out loud, you know, Tim Russert used to work for a member of Congress. All these guys in media have worked for members of Congress or senator. Chris Matthews was the chief of staff to Thomas P. Tip ONeill Jr. when he was Speaker of the House.
But now Trump is tapping a TV personality. Its supposed to be an insult to Kudlow. The one interesting thing is that Kudlow came out against Trumps tariffs when he announced them, and thats in line with what Kudlows ideological economic beliefs are. But hes a good guy. Hes been on CNBC for quite a while. But he spent a lot of time in the gutter, in the economics gutter. He spent a lot of time in the economics real world, and has that experience.
And why should being on TV being a disqualifier? Does that mean we shouldnt be watching anybody on TV who is an economics reporter because theyre just a TV personality and we therefore really shouldnt be listening in? So CNN, you throwing Christine Romans under the bus? Shes your economics reporter. Trump taps TV personality
Hey, its better than tapping somebody from the swamp.
But then they would have been tickled pink if President Hillary appointed Eleanor Rodham Clifton or Joy Behar or anyone else like that as an advisor, eh?
Kudlow is a man of substance who became a TV personality, unlike the people on CNN who are TV personalities with no substance.....
So, it’s OK if we diss Orpah?
Paul Krugman?
CNN wouldn't get the irony there if you held up a mirror in response.
Remember that goofy tard Tommy Vietor who was on Brett Bairs Show and called Bair “Dude”? He drove a car for the DNC and supposedly sat in the situation room regarding Bin Laden or Benghazi.
Did CNN ever say this guy was unqualified for that status and security clearance?
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