Tags: Trump Administration | kudlow | trump | economy | working

Kudlow: 'America Is Working' After Trump 'Restructured, Rebuilt' Economy

(AP)

By    |   Friday, 06 December 2019 03:17 PM

White House economic adviser Larry Kudlow proclaims that President Donald Trump's policies and strategies have reshaped the U.S. economy and has put Americans back to work.

The veteran financial guru and former Ronald Reagan adviser spoke after U.S. job growth increased by the most in 10 months in November, the strongest sign yet the economy is in no danger of stalling.

"America is working. We are in an American workers' boom with respect to income and wages. But look, President Trump has restructured and rebuilt this economy with lower taxes and regulations and energy openings and trade openings, tough trade openings," Kudlow told Fox Business Network.

“The fundamental point, America is working. America is working. And just to go underneath that, what we find looking at the numbers from this month and recent months and the whole year or so, the production workers are getting faster wage gains than their bosses, the managers," said Kudlow, who worked as Reagan’s budget deputy between 1981 and 1985.

"We hadn't seen that for many, many years," he told host Stuart Varney.

"We are seeing some very big changes in the whole infrastructure of the U.S. Economy. And you know what? It's not over yet. I know everybody was talking about a recession a few months ago. I argued til I was blue in the face that wouldn't happen. This thing is nowhere's near over, nowhere's near over," 

Meanwhile, the unemployment rate ticked back down to its lowest level in nearly half a century and wage gains remained near their strongest in a decade, the Labor Department’s closely watched monthly employment report showed on Friday.

The numbers suggest consumers will keep the longest economic expansion in history, now in its 11th year, chugging along into next year when Americans will decide whether to re-elect Trump.

Kudlow stressed the same strong-economic theme in various media appearances on Friday.

Kudlow told Bloomberg Television that “despite a certain amount of pessimism, the economy is outperforming expectations, economic policies from the president are working.”

This report uses material from Reuters.

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White House economic adviser Larry Kudlow proclaims that President Donald Trump's policies and strategies have reshaped the U.S. economy and has put Americans back to work.
kudlow, trump, economy, working
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2019-17-06
Friday, 06 December 2019 03:17 PM
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