Larry Kudlow: CEA chair or Batman villain

 

By ann summers

It seems normalizing that someone unfit for POTUS would float the name of someone equally unqualified for chair of the POTUS Council of Economic Advisors.

All those who have college degrees in economics should have either a laugh or hope that future White House administrations will provide career hope for everyone who got a BA in History so that they can wield such influence over national economic policy.

Actually it must be a feint so that Orange Gasbag could rationalize appointing Arthur Laffer with his supply-side napkin or his butt-Boswell, Steve Moore, since Trump is allergic to actual economists, having only two on his economic team during the campaign. Like television doctors, tehDonald prefers television economists over even business economists.

Larry didn’t do time on the feet of Ayn Rand like bathtub Al Greenspan, so Larry’s probably not even going to get a nice dinner like rMoney in this preliminary round of Celebrity Appointment pageant parade.

Floating this Council of Economic Advisors name for Trump resembles his other “fake news” choices like Carly & her demon sheep for Director of National Intelligence, because in his usual vindictiveness, economics may have been a class Trump barely passed at Fordham or Wharton, or got gypped by the quality of the ringer he hired as an undergrad.

Maybe this is how Trump “drains the swamp” — he throws in more gators and pigs while laying pipe for Trump water. Dumbest Yam on the planet gaslights those who thought he’d appoint whoever runs Trump Grill(e) because the difference between a Taco Bowl and Taco Trucks on every corner is a pinsetter. Looking on the bright side, Zombie Ted Bundy won’t be the nominee for US Attorney General.

When a president (or president-elect, as the case may be) makes a high-level presidential appointment, embarrassments of the past have a way of coming to light once again. On Tuesday, for instance, former Texas Governor Rick Perry was nominated for energy secretary, conjuring up his infamous 2012 primary debate gaffe in which he failed to remember all three of the agencies he would abolish as president. The one he forgot? Energy.

Of course, it’s not just gaffes that receive attention: Any nominee will come under intense public scrutiny.

On Thursday, it was Lawrence Kudlow’s turn. Most recently a radio and television commentator, Kudlow will reportedly be nominated to chair the White House Council of Economic Advisers, a position that will require him to advise the president on economic policy and crank out 600-page research reports. Observers were quick to note that Kudlow will be the unusual case of a CEA chief without a Ph.D. in economics, much less an undergraduate degree in the field.

…let’s just note how consistently wrong Kudlow has been over the years.

Baghdad Bob looks at this guy and thinks he might need to get his facts straight.

More than wrong, Kudlow can be absolutely psychopathic in his veneration of the market. He argued that banks that manipulated benchmark interest rates were actually the victims, rather than criminals. He commented on the Fukushima disaster in 2011: “The human toll here looks to be much worse than the economic toll, and we can be grateful for that.”

But while some see unadulterated crazy, Trump probably sees the loyalty that he wants out of an adviser. And even if Kudlow doesn’t get the job, the mutual admiration shows that supply-side economics will be back with a vengeance in 2017.

www.thenation.com/…

Indeed, even hard-core conservatives in academia – like Greg Mankiw, a Republican economist who with a deep moral disdain for progressive taxation – have nonetheless described the arguments used by Kudlow as those of “charlatans and cranks.” And yet his views have come to dominate the Republicans party despite decades of unremitting failure. What is remarkable about Kudlow is not just how flamboyantly and demonstrably wrong he has been, but that his influence over the Republicans agenda has actually increased.

Indeed, even hard-core conservatives in academia – like Greg Mankiw, a Republican economist who with a deep moral disdain for progressive taxation – have nonetheless described the arguments used by Kudlow as those of “charlatans and cranks.” And yet his views have come to dominate the Republicans party despite decades of unremitting failure. What is remarkable about Kudlow is not just how flamboyantly and demonstrably wrong he has been, but that his influence over the Republicans agenda has actually increased.

This entry was posted in 2016 Election, Capitalism, Celebrity, Economic Policy, Economics, Government, History, Media, Politics, Presidential Elections, Presidents and tagged , , , , , , . Bookmark the permalink.

One Response to Larry Kudlow: CEA chair or Batman villain

  1. bigfatmike says:

    Relax This is just part of the jobs program.

    Even you too can get a great job – no matter how unqualified you may be.

    Don’t know much about history
    Try the library of congress
    Don’t know much biology
    you may have a great future at CDC or FDA
    Don’t know much about a science book,
    EPA is definitely for you
    Don’t know much about the French I took.
    we need some body like you at Department Of State
    But I do know that its going to be a great Trump America
    What a wonderful world this would be.

    American your deserve this.

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