Two separate reports Thursday indicated that President-elect Donald Trump may select CNBC commentator Larry Kudlow to chair the White House Council of Economic Advisers.
The conservative economist Stephen Moore, who advised Trump’s presidential campaign on economic policy, said at a lunchtime speech to the Lansing Regional Chamber of Commerce’s economic club that Trump would appoint Kudlow for the job “within the next 48 hours,” according to a report from The Detroit News.
“And who better than Larry? He’s one of the great economists in this country,” Moore said in the same speech.
Kudlow worked alongside Moore as an economic adviser on the Trump campaign, which included formulating Trump’s tax plan.
The Wall Street Journal also reported Thursday that Kudlow has emerged as a leading candidate for the post, citing anonymous sources familiar with the transition.
Before working for CNBC as an commentator and host, Kudlow worked for the New York Federal Reserve, in the Reagan White House as a budget official, and as chief economist for Bear Sterns betweens 1987 and 1994. According to the Wall Street Journal, Kudlow would also be the first CEA chair without a PhD.
The three-member council, usually staffed from academia, advises the president on economic matters and compiles an annual economic report.
Because Soupy Sales is no longer with us.
More Trickle Up economics…
Well, that pretty much assures an economic meltdown before 2020. And hey, the important thing is that he’s been on TV. How can you even take someone seriously if they haven’t been on TV?
Update: indeed, the more I think about it, the more in keeping with Trump’s other picks it is. He selected Perry because he wants to dismantle the Department of Energy. He selected Betsy DeVos because she wants to destroy public eduction. Jefferson Beauregard Sessions gets Justice because he hates justice. Pruitt gets EPA because he wants to destroy both the EPA and the environment.
Who better than Kudlow for the CEA by that standard?
Remember, not everyone has the same opinion about Larry. Some people think he is an idiot, but others think he is a moron. So we could say that opinions are split.
He’s not a real economist, but he used to play one on TV.