Posted on 12/15/2016 12:48:48 PM PST by SeekAndFind
President-elect Donald Trump's administration is planning to nominate political commentator and economic analyst Larry Kudlow to chair the Council of Economic Advisers.
Stephen Moore, a conservative economist who advised Trump's presidential campaign, said at a luncheon in Michigan that Trump was set to choose Kudlow to be next chair of the council, a source who was in attendance told Business Insider.
The Wall Street Journal, citing sources familiar with the deliberations, reported that a final decision has not been made.
The council sits within the executive office and advises the president on economic policy.
Trump's transition team and Kudlow's office didn't immediately respond to requests for comment.
Kudlow was associate director for economics within the Office of Management and Budget in the Reagan administration and a longtime CNBC host. He mulled a 2016 run for the US Senate, in which he would have challenged incumbent Democratic Sen. Richard Blumenthal of Connecticut.
Kudlow was an early advocate for Trump, saying his proposals to lower taxes would benefit the US economy. Later in the campaign, Kudlow broke with Trump on his more protectionist trade policies — Kudlow has advocated the Trans-Pacific Partnership — and anti-immigration policies.
The Council of Economic Advisers is made up of three economists and conducts research to provide the president with economic data to make policy. It also publishes the annual Economic Report of the President.
(Excerpt) Read more at businessinsider.com ...
Who would buy it, other than low-cap mutual funds and brokerage houses, who'd pawn it off on their clients?
“PUBLUICLY”
Anew FR term is born.
Yes a RC convert and a superb economist with a background that is far more Reagan than Bush. A good choice.
As a long time listener to his radio show, I could not be happier. The right guy; GREAT PICK by the Trumpster.
RE: “PUBLUICLY”
Anew FR term is born.
______________________
Yep, Anew is also anew FR term that can be used :)
All you Free Traitors™ are really happy. Means he is the wrong guy.
RE: Steve Forbes is a Free Traitor™. No thanks.
At the rate we’re going, the only one who qualifies would be either Pat Buchanan or Tom Tancredo
Walter E Williams would be my choice.
I ask can a Free Traitor™ ever acknowledge globalism has been a disaster for most Americans? Can a leopard change his spots?
So, who would you propose as part of Trump’s economic team?
As I said, I can think of only two so far — Pat Buchanan and Tom Tancredo ( you can add Ross Perot to the mix).
Trump is actually a reincarnation of Pat. Before trump came into the political scene, it was Buchanan who was harping against NAFTA, Free Trade and talking about tariffs.
In fact, the border WALL was Pat’s idea.
RE: Walter E Williams would be my choice.
I like the guy, but he’d be rejected by a lot of Freepers too ( and so would Thomas Sowell ). Anybody who is against tariffs would be booed.
Heck, I thought Anew was in for a longtime!
Trump is a free trader. The economics are sound but the policy has to change to adapt to reality. He wants tariffs as a leverage tactic to get the other side to lay off their trade/currency games
Https://m.youtube.com/watch?v=aGLyHpZKWWI
I cannot take credit. The late Mark Haines of CNBC gave Larry that name back in the 90s when Larry was a regular guest on Squawk Box.
They might be attractive to foreign investors looking for protection of value against their own currencies.
Isn’t he simply a Wall Street cheerleader and dishonest money supporter (big fed supporter)?
I honestly think he’s matured on that point.
But I do like Kudlow, so maybe I’m just being optimistic...
“Trump adviser: Kudlow to be top White House economist”
Excellent!
RE: Isn’t he simply a Wall Street cheerleader and dishonest money supporter (big fed supporter)?
_______________________________
OK, let’s look at his background and you tell me which ones of his espoused economic ideas you disagree with:
A self-described, “Reagan supply-sider”, Kudlow opposes estate taxes, as well as taxes on dividends and capital gains.
He also advocates that government and municipal employees be compelled to make greater contributions to their pension and medical costs, suggesting that these expenses are an undue burden on businesses.
He defends high executive compensation as a manifestation of market forces and opposes most forms of government regulation.
In general, he describes himself as a supply-side economist, arguing that reducing tax rates will encourage economic growth and ultimately increase tax revenue.
He has often argued that economic growth will clear deficits, while acknowledging the limits of growth.
He advocates reduced government spending in conjunction with simplifying taxes.
He has also advocated wide ownership of stocks and frequently speaks of a broad “investor class” that includes most Americans.
He is a harsh critic of corporate corruption and cronyism that has characterized the Enron and Worldcom scandals.
He defended Mr. Trump’s plans to build a wall along the border with Mexico and to prevent Muslims from entering the United States, declaring that the United States was at war with ISIS and Trump was going to do what was necessary to protect the country.
He also penned an article for Real Clear Politics advocating for conservative unity in the election to prevent Hillary Clinton from winning and asking his conservative peers to stop criticizing Trump and instead help him become a stronger candidate.
Love it!...Lawrence Of America is a great title.
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