Tags: Trump Administration | kudlow | economy | recession | optimism

Kudlow: 'No Recession In Sight'

Preseident Donald Trump and Director of the National Economic Council  Larry Kudlow (Alex Edelman/Pool/Getty)

By    |   Sunday, 18 August 2019 10:02 AM

President Donald Trump’s top economic adviser insisted Sunday there’s “no recession in sight,” and that after looking at consumer activity, it’s fair to ask, “What’s wrong with a little optimism?”

In an interview on “Fox News Sunday,” Larry Kudlow, director of the National Economic Council under Trump pointed to bright signs from consumers amid the tumult of Wall Street.

“Consumers are working,” he said. “The wages are rising. They are spending and they’re saving. A lot of Wall Street firms looked at the numbers last week and they raised their forecast. So no, there is no recession in sight.”

That's about as good as it gets,” he added. “I think we are in pretty good shape and I want to just say we should not be afraid of optimism. I don't know what it is -- everybody wants to talk about pessimism, recession. What's wrong with a little optimism?” 

Kudlow also said tax cuts for the middle class — an issue promised after Trump’s tax cuts to businesses — are still on the table, and suggests it may be a good idea to use tariffs on China to fund them.

“Tax cuts 2.0. We are looking at all that,” he said.

“By the way, [GOP] Sen. Rick Scott of Florida, very smart guy, made an interesting proposal on another network last week. He said, ‘look, why don't we take the tariffs from the China trade and turn those back to the taxpayers in the form of tax cuts?’ That's an idea.”

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President Donald Trump's top economic adviser insisted Sunday there's "no recession in sight," and that after looking at consumer activity, it's fair to ask, "What's wrong with a little optimism?"
kudlow, economy, recession, optimism
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2019-02-18
Sunday, 18 August 2019 10:02 AM
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