Larry Kudlow. Credit Carolyn Kaster | AP

Dear Commons Community,

Larry Kudlow, one of Trump’s leading economic advisers, now admits he was wrong about the predictions he made for the economy under President Joe Biden.

“Mea culpa,” Fox Business host Kudlow said on the air yesterday. “I was wrong about the slowdown and the recession, so was the entire forecasting fraternity.”

Fox News host Sandra Smith, however, tried to get him to back out of it.

“I don’t think you were wrong,” she said.

But Kudlow, who was director of the National Economic Council under Trump for nearly three years, stuck with it.

“The Fed, everyone was wrong,” he said, referring to widespread predictions of a recession in 2022 and 2023 that never came to fruition.

Kudlow made a similar confession about the strength of the economy last month when the gross domestic product GDP jumped faster than expected.

“He gets his due,” Kudlow said of Biden. “If I were he, I would be out slinging that hash, too. No problem.”

All the Republican and Fox News naysayers about the economy must be going crazy over Kudlow’s comments.

Tony

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