Tags: Coronavirus | Trump Administration | larrykudlow | unemployment | lockdowns | economy | ny

Kudlow: Blue State Lockdowns 'Big Minuses' in 'Strong' Economy

larry kudlow speaks
Director of the National Economic Council Larry Kudlow speaks as U.S. President Donald Trump looks on during a briefing on the coronavirus pandemic on March 24, 2020 in Washington, DC.(Drew Angerer/Getty Images)

By    |   Sunday, 06 December 2020 01:31 PM

As much as blue state governor lockdowns are killing the large economies of California and New York, the U.S. economy is doing a lot better than the anti-Trump media is willing to admit, according to White House economic adviser Larry Kudlow.

"Gov. Gavin Newsom," Kudlow told Sunday's "The Cats Roundtable" on WABC 770 AM-N.Y., "he's shutting down everything [in California], and that's killing the economy, too. New York and California are big minuses."

But, Kudlow added to host John Catsimatidis, "6.7% unemployment is a heck of a thing coming out from this pandemic contraction. Most of the experts didn't expect single-digits until next year."

"The biggest declines in unemployment were among the minority groups – the African-American group, the Hispanics, the Asians – they had the biggest drops in unemployment," Kudlow lauded.

"The numbers across the board are overwhelmingly strong. The media may wish to report it accurately or not, but the facts are the facts."

Stimulus and vaccines will further the "V-shaped recovery," Kudlow added.

"Help is on the way," he said. "The vaccines are coming literally by the middle of December.

"We want to keep the businesses open and keep the schools open. Those two things are so important for our kids — for education and for the economy. The kids are not the problem. And I hate to see school closings. Let’s just keep faith.

"In the next few weeks, I do believe things are turning up in the economy, and I think the virus situation is going to improve. Help is on the way."

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Politics
As much as blue state governor lockdowns are killing the large economies of California and New York, the U.S. economy is doing a lot better than the anti-Trump media is willing to admit, according to White House economic adviser Larry Kudlow....
larrykudlow, unemployment, lockdowns, economy, ny
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2020-31-06
Sunday, 06 December 2020 01:31 PM
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