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Kudlow: Trump Policies Ended 'War on Business'

Kudlow & Co., LLC

By    |   Thursday, 07 February 2019 12:55 PM

White House economic adviser Larry Kudlow praised President Donald Trump's comments on socialism during his State of the Union address, saying America should remain a “nation of entrepreneurs who thrive from freedom and growth.”

Kudlow blasted “these crazy anti-growth, anti-incentive, anti-business, anti-reward policies coming out of the opposition party.”

He also proclaimed that the Trump administration's economic policies have ended the "war on business."

Trump on Tuesday night declared America "will never be a socialist country."

"I just think it was great that he dealt with that issue head-on," Kudlow told Fox Business Network.

"Many of us have suggested to him that we should say something about all these crazy anti-growth, anti-incentive, anti-business, anti-reward policies coming out of the opposition party, and we should have a generic statement at a minimum," the veteran financial guru and former Ronald Reagan adviser told Fox's Stuart Varney.

"One of the great things President Trump has done in a relatively short period of time, but he started right off the bat, his policies basically ended the war on business, and the prior administration was conducting a war on business," said Kudlow, who worked as Reagan’s budget deputy between 1981 and 1985.

"Not only in terms of overregulation and taxing, which is bad enough, but in terms of attitudes," said Kudlow, who served as the Trump campaign's senior economic adviser.

In his State of the Union address, Trump did not mention any names, but Sen. Bernie Sanders, I-Vt., a democratic socialist, scowled.

"We stand with the Venezuelan people in their noble quest for freedom — and we condemn the brutality of the Maduro regime, whose socialist policies have turned that nation from being the wealthiest in South America into a state of abject poverty and despair," Trump said.

"Here, in the United States, we are alarmed by new calls to adopt socialism in our country," he continued. "America was founded on liberty and independence – not government coercion, domination, and control. We are born free, and we will stay free."

"Tonight, we renew our resolve that America will never be a socialist country," he said.

The vow set off one of a number of "USA" chants in the House chamber.

“I believe President Trump really changed the whole psychology of large and small business men and women, and that that's one of the reasons his plan has paid off and that we're growing above 3% which as you know, virtually nobody thought would be possible," said Kudlow, the head of the National Economic Council that advises Trump.

"So I think the psychology here is so important, hence the statement he makes on socialism is another reassurance that we will not go down that path and that we, America, have always been, we have always been a nation of entrepreneurs who thrive from freedom and growth," Kudlow said.

“We do not want to blunt incentives. We want to reward success. We do not want to have prosperity killing, job killing, incentive killing policies and we want to make it clear that the war on business, the war on energy, the war on entrepreneurs, is over. That's what we have to make absolutely clear. That was President Trump's great contribution to the psychology. The whole atmosphere has changed. We must not roll that back,” Kudlow said.

Material from Bloomberg and Reuters has been used in this report.

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White House economic adviser Larry Kudlow praised President Donald Trump's comments on socialism, saying America should stay a “nation of entrepreneurs who thrive from freedom and growth,” while blasting “these crazy anti-growth, anti-business policies coming out of the opposition party.”
kudlow, trump, war, business
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2019-55-07
Thursday, 07 February 2019 12:55 PM
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