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Kudlow: Trump Economic Victories Will Play 'Huge Role' in 2018 Races

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By    |   Sunday, 13 May 2018 12:50 PM

White House economic adviser Larry Kudlow predicts that President Donald Trump’s economic successes will “play a huge role” in the November midterm elections.

The nation is entering the “biggest business boom in at least two decades,” Kudlow said on Saturday’s Breitbart News radio on SiriusXM Patriot 125.

“You’re seeing this very, very positive upward spiral of growth, jobs, wages,” said Kudlow, the National Economic Council Director.

“Come November, I think the Trump economic success is going to play a huge role in the election,” Breitbart.com quoted Kudlow as saying.

The former Ronald Reagan adviser cited the Trump tax cut package allowing “100% expensing in year one and also the repatriation… you’ve got these companies bring back, literally, literally billions and billions of dollars that was stashed overseas to dodge taxes.”

Kudlow predicted further increases in average hourly earnings, even up to three percent or more.

“Growth is the key,” said Kudlow, the Wall Street economist best known as a CNBC television personality.

“Let Americans take a rip at the ball. Don’t handcuff them. Don’t hinder them. Don’t yell at them. Don’t punish them. Open the door of opportunity and America free markets will work,” said Kudlow, who worked as a top budget aide in the Reagan administration in between stints as a Wall Street economist in the 1980s and 1990s.

“Optimism and prosperity have been the hallmarks of American prosperity,” he explained. “We can get back to the good if we unleash the animal spirits and if we provide incentives to work, save, invest, and take risks,” said Kudlow, who worked as Reagan’s budget deputy between 1981 and 1985. “I think that’s basically that’s what the Trump plan has done,” he said.

Kudlow predicted a “tremendous rebound in small business profits,” explaining that “profits are the mother’s milk of stocks and they’re the lifeblood of the economy,” he said.

“If they’re making money they can expand and if they expand they will hire and if they hire they will pay more,” Kudlow explained

Kudlow also called the American economy the “envy of the world,” describing the USA as the “most business hospitable place in the world right now and the money is flowing in,” and Kudlow’s “hunch is that it’s just beginning.”

For his part, Trump has taken to Twitter to ponder the GOP's fate in the midterm elections.

"Is this Phony Witch Hunt going to go on even longer so it wrongfully impacts the Mid-Term Elections, which is what the Democrats always intended? Republicans better get tough and smart before it is too late!" Trump recently tweeted.

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White House economic adviser Larry Kudlow predicts that President Donald Trump’s economic successes will “play a huge role” in the November midterm elections.
kudlow, trump, economic, victories, 2018, races
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2018-50-13
Sunday, 13 May 2018 12:50 PM
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