Thursday, April 9, 2020
TOMORROW: I’m hosting a telephone town hall with special guest Larry Kudlow, the president’s top economic advisor, to provide an update on the economic resources available to Arizonans during the COVID-19 outbreak.— Martha McSally (@SenMcSallyAZ) April 8, 2020
Call 855-962-1520 to join us and ask us a question! pic.twitter.com/Lap3A4VZkV
White House National Economic Council Director Larry Kudlow said Tuesday that the U.S. has “contained” the threat of a domestic coronavirus outbreak, breaking with the warnings of officials from the Centers for Disease Control and Prevention.
“We have contained this, I won’t say airtight but pretty close to airtight,” Kudlow told CNBC’s Kelly Evans on Tuesday afternoon.Kudlow’s confidence was set against U.S. stocks, which suffered their worst day in two years on Monday and were down again Tuesday amid fears that the coronavirus could mushroom into a pandemic. But the White House economic adviser suggested that the virus’ impact is “not going to last forever.”
“This is a human tragedy,” particularly in China, Kudlow emphasized multiple times. But warning against overreaction, he added, “The business and the economic side, I don’t think it’s going to be an economic tragedy at all. There’ll be some stumbles.”
The purest supply-siders, like Kudlow, go further and deeper in their commitment. Kudlow attributes every positive economic indicator to lower taxes, and every piece of negative news to higher taxes. While that sounds absurd, it is the consistent theme he has maintained throughout his career as a prognosticator. It’s not even a complex form of kookery, if you recognize the pattern. It’s a very simple and blunt kind of kookery.Given McSally's record on budget balancing—she, like most Republicans, complains mightily about deficit spending while voting for budgets that drive it higher and higher—and her consistent lying about her record on health care (yes, Martha, you have repeatedly voted to strip away regulations to a prevent insurance company from discriminating against people with pre-existing conditions), it's hardly a surprise that she considers Kudlow a reliable source. She may not like liberal hacks, but she has no problem with conservative ones.