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Kudlow Said Trumps Policies Would Lead to Depression
June 6, 2019 at 5:03 pm EDT By Taegan Goddard 19 Comments
https://politicalwire.com/2019/06/06/kudlow-said-trumps-policies-would-lead-to-depression/
"SNIP....
CNN has found audio of White House economic adviser Larry Kudlow ripping Donald Trumps proposed trade policies during the 2016 presidential campaign.
Said Kudlow: Lower tariffs equals lower taxes equals growth. In the 1930s high tariffs, Smoot-Hawley tariffs, equals high taxes, equals depression. Its that simple. Too many Republicans on the campaign trail are flirting with protectionism. Trump is the worst, but hes not the only one.
He added: He wants to stop trading with China. He wants to stop trading with Mexico. Lord knows who else he wants to stop trading with. These are huge trading partners of ours. There are political issues that need to be resolved, but you never cut off your nose to spite your face, do you? Thats what Trump is doing. Too many Republicans are flirting with protectionism. Protectionism is anti-growth, protectionism, protectionism led to the depression of the 1930s.
......SNIP"
Let it leak on purpose IMHO
lapfog_1
(29,205 posts)as the high school economics teacher in Ferris Bueller's Day Off.
but all anyone remembers is "Bueller?... Bueller?"
too bad he abandoned his principles (whatever ones he had) to become a Trumpanzee.
jberryhill
(62,444 posts)Wellstone ruled
(34,661 posts)Have kind of kept track of this Lafer Curve POS through the decades. Larry must have got the call from his old Pay Check Kramer. Remember,this same POS talked Bush and Cheney into Tarrif's which they let run for three months seeing the results eight years later as a Bank Collapse.