Director of the National Economic Council Larry Kudlow referred to the month-long government shutdown that’s left hundreds of thousands of federal employees without a paycheck as a “glitch” and suggested the economy would simply “snap back” after the government reopens.
“It’ll snap back from its glitch, it will snap back from its anomaly,” he told Fox News on Thursday.
“An awful lot of smart people out there trying to make these estimates. It is like counting angels on the head of a pin. Can I be honest? We don’t know,” he continued. “All I’m saying is the direction, the trends, the surge, the improvement, it is all in place and this shutdown, which is regrettable. I don’t like hardships any more than the next person. Although , I think the president is 100 percent right on the respect to border security. Nothing’s changing!”
Kudlow: GDP will "snap back" from it's "glitch" when the government reopens pic.twitter.com/PKsXwL61Ta
— TPM Livewire (@TPMLiveWire) January 24, 2019
So sayeth the Trump Skool of Ekernomiks Dean.
Given Kudlow’s history of making wonderful market predictions, I’d say that his confidence is a strong “sell” signal.
I unloaded a bunch of equities late last year, figuring that eventually Trump’s bumbling would tank the economy. I’m starting to look like a genius, but it was just a hunch. And I don’t think the chickens have come home to roost yet - I’ve still got more exposure than I’m happy with.
Somebody handcuff that entirtled prick and drag his ass down to a foodbank where he can experience first hand what a Glitch looks like
Oh shit, we are so fucked.
Kudlow, Ross, Mnuchin, Lara Trump and the rest of the Trumptards keep insulting the unpaid workers. I guess they are trying to figure out what does it takes for those people to finally fight back. The french and the english do not have something like the 2nd amendment, but they sure as hell have ways to prevent politicians pull on them the kind of shit Trump is doing to the US Federal workers.