President Trump has chosen Larry Kudlow to become his next economic adviser. Kudlow is a well-known conservative economic commentator and frequent guest on CNBC.
Larry Kudlow has an impressive resume; he worked with Raegan’s economic mastermind Art Laffer, and as Chief Economist to Wall Street Giant Bear Stearns. He also helped form the grassroots organization FreedomWorks.
“Larry Kudlow was offered, and accepted, the position of assistant to the President for economic policy and director of the National Economic Council,” announced Press Secretary Sarah Huckabee Sanders. “We will work to have an orderly transition and will keep everyone posted on the timing of him officially assuming the role.”
Larry Kudlow will be replacing the previous economic adviser Gary Cohn, who parted over disagreements on tariffs.
Speaking of his friend, Trump explained, “I’ve known him a long time,” However, “we don’t agree on everything. In this case, I think it’s good. I want a diversity of opinion … He backed me very early in the campaign, I think the earliest. I think he was one of my original backers. He’s a very, very talented man.”
Initially, Kudlow was not in favor of Trump’s announced tariffs, but soon became convinced that they were part of a larger strategy to revive the American economy, and industry.
“It’s a Trumpian way of negotiating,” Kudlow explained on CNBC. “You knock them in the teeth and get their attention. And then you kind of work out a deal and I think that’s what he’s done. My hat’s off to him. He had me really worried. Now I’m not.”
Larry said that the President had opposed the way Chinese had been practically “ripping off” the US by manipulating the currency and flooding the entire markets of the US with steel and several other metals.
Larry also said that President Trump still believes in free trade. “He said to me several times, ‘I believe in global trade. I regard myself as a global trader, but it has to be fair trade to protect America,’” said Kudlow. “I’m on board with that. I personally hope widespread tariff use — it doesn’t come to that. But in some cases, it will.”
“With the departure of Gary Cohn, many were concerned that an important voice for free markets would be missing from the administration,” stated Merrill Matthews, a scholar at the conservative Institute for Policy Innovation. “Appointing Larry Kudlow should relieve those fears.”
Larry even received praise from the Progressive propaganda machine over at CNBC, whose Chairman Mark Hoffman said, “Larry is a thoughtful, tenacious and gracious gentleman who possesses an encyclopedic knowledge of markets, economics and public policy. He has the unique ability to make the most complex concepts comprehensible and accessible.”