Carolyn Kaster | Credit: AP

Dear Commons Community,

“I’m an honest broker. He [Biden] got a good 3.3 percent [gross domestic product] number for the fourth quarter, following a good 4.9 percent in the third quarter, OK. If I were he, I would be bragging about it, too. And inflation has come down,” Larry Kudlow said on his Fox Business Network show yesterday.

“All’s fair in love, war and politics. Brag when you can. I get it. I’ve been there,” he continued.

Kudlow, however, then took aim at Biden’s “completely wrong” message in Wisconsin, playing a clip in which Biden said: “My predecessor, though, he chose a different course. Trickle-down economics, cut taxes for the very wealthy and big corporations, increasing the deficit significantly. That’s exactly what happened. He stripped good paying jobs and ship them overseas.”

“He just can’t help himself,” Kudlow said of Biden, before defending the tax cuts under Trump.

Kudlow also zeroed in on gross domestic product (GDP) numbers and said he was concerned that government spending was the largest factor driving the economy.

“Biden’s GDP improvement in the second half of last year is a good thing. I admit it. Alright, I’m being honest here. Those are the numbers,” Kudlow said. “Mr. Biden is also right to brag on lower inflation. OK, got it. But what’s troubling about these GDP reports is that the biggest contributor to growth is government spending … This is unhealthy, and ultimately it will prove to be inflationary.”

Still, the economy has continued to grow in recent months.  

Tony

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