White House Economic Advisor Larry Kudlow: ‘There’s No Recession on the Horizon.’ But a 2020 Dreamer Disagrees

Bill Maher has said more than once that a recession would totally be worth it in order to evict the current White House resident (here), but Trump economic advisor Larry Kudlow made his opinion clear on Fox News Sunday: There’s nothing of the sort awaiting.

Guest host Dana Periono asked Larry about the President’s actions to prevent the Big One, particularly given that short-term Treasury bonds dropped below that of longer-term bonds last week. Such a tank can foreshadow recession; in fact, the fall caused 2019’s  worst single-day loss for stocks so far.

But Mr. Kudlow said The Donald’s doings are motoring things right along:

“The Trump pro-growth program, which I believe has been succeeding, we’re going to stay with that.”

And, to put it bluntly, the notion of a recession’s hogwash:

“There’s no recession on the horizon. What’s wrong with a little optimism?”

Dana Perino asks @larry_kudlow if the White House is worried about a possible recession #FNS #FoxNews pic.twitter.com/694farlkST

— FoxNewsSunday (@FoxNewsSunday) August 18, 2019

Larry was a busy man Sunday — he also guested on NBC’s Meet the Press, where Chuck Todd called him on the carpet a bit.

The host pointed out that Larry was similarly confident in 2017, just before the Great Recession — Larry fouled up.

And he fessed up:

“I plead guilty to that.”

But he still believes we’re fine.

Pete Buttigieg, for what it’s worth, disagrees. He told CNN’s State of the Union as much:

“We’ve got an economy not working for most Americans. … Most Americans can’t get ahead. … And the President had made it abundantly clear he doesn’t care.”

#ThingsCandidatesSay

Pete claimed we’re “probably” on the cusp of an economic descent.

Maybe Bill Maher will get his wish after all.

Then again, Buttigieg may not have the best judgement — just ask Black Lives Matter.

-ALEX

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