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Tags: Donald Trump | SOTU | larry kudlow | economy

Kudlow: Trump Will Focus SOTU on Economic Achievements

Kudlow: Trump Will Focus SOTU on Economic Achievements
National Economic Council Director Larry Kudlow

By    |   Tuesday, 04 February 2020 12:52 PM

President Donald Trump will focus much of his State of the Union address on the administration's economic achievements, National Economic Council Director Larry Kudlow said Tuesday. 

"The president is very proud," Kudlow told Fox Business' Maria Bartiromo.  "I think his policies, (such as) tax cuts, business deregulation across the board, opening up the energy sector to independents, new trade deals, stopping unfair practices and so forth, have rebuilt and transformed the American economy."

He added that there is a "blue-collar boom" going on that hasn't been seen in at least 25 years, with the average middle-class family income now at about $66,000 a year, after taxes and inflation. 

"That's about a $5,000 increase per family from the base of the prior administration," said Kudlow. "That is an enormous number that we have not seen in well over two decades."

Meanwhile, there are many 2020 Democrats running for president who are talking about making sweeping changes, particularly Sen. Bernie Sanders, I-Vt.

"He has different policies," Kudlow said of Sanders. "The president is not a socialist. He has said that… people on the other side of the aisle have painted a picture of gloom and doom and deep recession, except for maybe nine fat cats on Wall Street, who are getting rich. That is utterly false. That is one of the greatest examples of cognitive dissonance I've ever seen."

That will be rebutted in the SOTU, said Kudlow, and in other ways. 

"This is a deep, widespread boom," said Kudlow. "The actual facts show that we are reducing inequality, even while the rising tide is lifting all boats. That is very unusual. That's because (Trump has) unlocked opportunity in this country. 

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Politics
President Donald Trump will focus much of his State of the Union address on the administration's economic achievements, National Economic Council Director Larry Kudlow said Tuesday. 
larry kudlow, economy
280
2020-52-04
Tuesday, 04 February 2020 12:52 PM
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