Tags: economy | jobs | stephenmoore | growth | reopening

Stephen Moore: 'Blowout' Jobs Report Fuels Economic 'Rocket Ship'

stephen moor sits at a table and speaks
 Economist Stephen Moore (Tom Williams/CQ Roll Call via AP Images)

By    |   Sunday, 07 March 2021 12:19 PM

Hailing Friday's jobs report as a "blowout," former Trump economic adviser Stephen Moore called the economy a "rocket ship" ready for a spring takeoff.

"It is ready to really take off starting April or May," Moore told Sunday's "The Cats Roundtable" on WABC 770 AM-N.Y. "I think the rest of the year for the economy is really looking strong as we open up our businesses, our schools, our stores, our churches.

"America is getting back," Moore continued to host John Catsimatidis. "Short term, I'm optimistic."

Moore warned about excessive spending on oncoming inflation after the Senate passed another $1.9 trillion under the guise of coronavirus relief Saturday.

"I don't like this $1.9 trillion spending bill; I don't think it's necessary," Moore added. "I think most of the spending is wasteful and not related to COVID. That notwithstanding, I think the economy is prepared for a nice, nice recovery this summer."

Printing money just is not necessary if the blue states would just reopen the economy after vaccines are widespread and the infection rates are in check.

"We're flushing the economy with cheap money; we're flushing the economy with trillions of dollars of debt," Moore lamented. "At some point that has to lead to an increase in prices."

Ultimately, the largest blue states are pivotal to the U.S. economy, but their Democrat governors are slow to unleash economic potential. 

"Once we get New York and California and Illinois and New Jersey," Moore said, "to open up, I think you're going to see really nice growth. Someone has got to explain to me why we have to spend $1.9 trillion when we already have $1 trillion that hasn't been spent from the last bill."

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Hailing Friday's jobs report as a "blowout," former Trump economic adviser Stephen Moore called the economy a "rocket ship" ready for a spring takeoff."It is ready to really take off starting April or May," Moore told Sunday's "The Cats Roundtable" ...
economy, jobs, stephenmoore, growth, reopening
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2021-19-07
Sunday, 07 March 2021 12:19 PM
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