Larry Kudlow: Democratic efforts to clean up the Trump Boom are failing miserably
The more I think about this shutdown program, which is stupid, and useless, the more I realize that this has never had anything to do with Obamacare, or health care, or anything like that. This had to be done through a smart democratic effort to undermine the growing rump economy and a more successful trump presidency. That’s what they were doing. Political corruption. And it got off to a bad start, possibly ending Chuck Schumer’s career. And who knows how many other democratic vestments there are. Even the less democratic unions, the guts of the party, begged Schumer to open the government and he didn’t listen.
With the Dow Jones and other stock indexes setting record highs almost every day, the Democrats are trying to ruin that. I don’t know the exact number, but I’d say about 135 million Americans are invested in the stock market through 401ks, and IRA’s, and even union pension funds are heavily invested.
So, there is a Stock Market Boom. The broader S&P 500 index is up 37% since mid-April. This is a huge creation of a wealth of wealth that includes forces of almost 160 million. I know it doesn’t cover everyone, but it’s close to it. Great retirement wealth creation or whatever else their hearts desire. Democrats hate this, except for insiders like retired Nancy Pelosi.
Rep. Anna Paulina Luna, R-FLA.
But most of the leadership these days prefers some kind of social, chi, chi chi socialism … wait no, champagne socialism, not market-based marginalization. Certainly not the stock market. They follow Trump. They did not like the 3.8% GDP in the first quarter of Mr. Trump They did not like the 4% estimate for Q3 from the Atlanta Fed, it could be the second quarter of trump.
So sure enough, press Eress Karoline Leavett today had to admit that the Democratic Shutdown hurt the economic numbers and hurt the outlook for the fourth quarter.
Leavett said, “According to the CBO Shutdown estimate it could end up reducing the growth of the fourth quarter by 2 percentage points. Democtom Shutdowns would cause a total shutdown, and all economic jobs would be shut down, and all those economic jobs would be shut down permanently, leaving our Fed policymakers flying blind at a critical time.”
It’s not that thing. This is what the Democrats want. The economy will pick up all the slack next year despite all the Schumerism shutdowns.
Former Deputy Treasury Secretary Michael Faulkender joins ‘Kudlow’ to break down the effects of government shutdowns on the economy.
The truth of the matter is wages are rising faster than prices now. It is very important. And for Mr. Trump’s first nine months, the real money is $1,200. Now during the years of biden, let’s not forget he fell to $ 3,300. This is quite a change in just nine months. For Mr Trump, construction pay ‘Take home is already $2,200.
And here is a happy statement: 28 states have fuel prices below $3, with an average of $2.80 in those states. More than half of the states have a $2 handle on it. And I am sure that Mr. Trump will be right, with Drill, baby, drilling, will return to $ 2 even, or less than everyone else. All this talk about the availability of money revolves around the liberal left and their efforts to funnel it to Trump’s success.
I know there are concerns about the availability of money, but tax cuts are on the way for next year, maybe as much as a $200 thousand refund for working people. Add to that the rapid deployment of business machines, machines, semiconductors, AI, factories, autos, you name it across the board. Profits are rising, and that is the backbone of the stock market – setting stocks. What predicts the prediction of the rump.
I’ll say it again, the democratic efforts to fail such a boom failed miserably.
