Posted on 03/04/2016 8:03:54 AM PST by RoosterRedux
Economist, radio host, and CNBC senior contributor Larry Kudlow appeared on Breitbart News Daily Friday morning to discuss economic issues in the presidential race, including his support for Donald Trump’s economic platform, with some disagreement about the best way to handle unfair Chinese trade practices.
Breitbart News executive chairman and host Stephen K. Bannon asked Kudlow to comment on the rise of “populist, nationalist” economics, as personified by Trump and his supporter Alabama Sen. Jeff Sessions (R-AL), and the challenge this movement presents to free-trade orthodoxy, which Bannon described as a “fetish” in certain intellectual quarters..
“Well, I may be part of that fetish,” Kudlow said with a chuckle. “Free-market capitalism is the best path to prosperity.”
Kudlow said he found Trump’s platform very agreeable to free-market growth: “He has a very good corporate tax-cut plan, across the board, for large companies and small companies. He’s got a 15 percent rate — we’re about 35 to 40 percent now.”
“So let’s say that became law,” Kudlow continued. “You’d see a movement, a tremendous movement, of capital and labor back to the United States, that’s in China and overseas, because we’d have a more hospitable business tax environment. You include immediate deductions for new business investment, and you include repatriation, which is all in Trump’s plan, and you’ve got yourself a powerful incentive to move back to the USA.”
Kudlow thought such “incentive economics” were better tools than the tariffs Trump has proposed for punishing businesses that move overseas, preferring carrots to sticks. However, he agreed that stern measures were needed to deal with China, which Bannon described as a “mercantilist society” — the government actively harming foreign competition to give native industries an edge.
(Excerpt) Read more at breitbart.com ...
“And that’s from a pretty staid (dare I say ESTABLISHMENT) source.”
A Rino’s Rino. But with radical roots like a lot of other neocons.
In the case of Kudlow it was SDS if I recall correctly.
Prove it or shut up.
Perfect.
Trump really does understand money.
Ambassador to Mexico :)
Thanks!
Jeb is under qualified for that gig. haha.
Or even worse, two junior $inators with law degrees, who never ran a business, trying to tell America how they will help business.
LOL...Yeah, that’s what I was aiming at....
I’ll bet Chris Wallace will argue, maybe have slides.
re “...building THE WALL..”
Si se puede... El GRANDE el wall-o
Just el sayin’-o...
However, on the Econ side, He has Larry Kudlow, Art Laffer & Steve Forbes . Jeff Sessions is now part of what I think is the beginning of his Kitchen Cabinet. Chris Christie at press conferences? IMHO he is trying him out as Press Secretary. Energy / EPA? Sarah Palin.
IMHO?
He is going forward with a victorious mind set and envisioning and establishing potential relationships and executive staff that any Exec needs to run a top level organization.
He was rude and crude last night, I ran out of juice and went to sleep, and didn't see it all.
Today, on Fox Business Ford Motor Company has a wonk on speaking their peace about how it is not bad to have production etc in Mexico, as Trump is Stumping here in Michigan. IMHO I am rather disappointed that Ford prolly has carve outs / lobbyist deals that make their margins work in a market like Mexico. Which begs another question, should they be their at all?
If Ford is beginning to squeal, who else will and how far down the road of "globalization" have we been sold down?
Frankly I have had enough of being sold out without my permission...
“What job will Jeb get in the Trump Administration?”
Spanish translator for the work crew building THE WALL....... : )
Actually, Rubot has a lock on being towel boy in the Obozo Liebrary!
“What job will Jeb get in the Trump Administration?”
Does Trump own a dog?
L
Was that not one of the most unprofessional attempts at “moderating” ever??
Of course, he could’ve been trying to outdo Kelly at the first debate....
It is amazing how many apparently have some type of government related job and claim to be so conservative.
“You can add all the career politicians and K Street gang to that list.”
I hope all of their McMansions around the beltway fall into foreclosure : )
terrible, can’t stand him.
“A very few billion dollar American businesses have profited heavily by the treason.
Prove it or shut up. “
Bite me, moron.
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