Larry Kudlow is a 70 year old conservative “television personality” who focuses on discussing the economy. President Donald Trump has recently chosen him to fill the position of Chairman of the National Economic Council. In 1971, Kudlow attended Princeton University’s Woodrow Wilson School of Public and International Affairs in 1971, where he studied economics and politics.
Kudlow was hired in 1987 by Bear Stearns as their senior managing director and chief economist. Kudlow was fired in the mid-1990s from Bear Sterns for his addiction to cocaine.
In 2001, Kudlow was a host on the CNBC show, America Now. The show was retitled Kudlow & Cramer, in 2002. In 2005, Cramer moved on to host Mad Money. The Kudlow Report ended in March 2014. Kudlow’s style is described as boldly assertive and he always expresses optimism when talking about the stock market, the economy, and the dollar. He is often a guest on Squawk Box and has contributed to CNBC.com on MSN.
Kudlow has built his reputation (near center of page) as an advocate for the abysmal trickle-down theory economic policy (which is still a popular illusion spread by Republicans), and is notorious for faulty predictions and misleading analyses. (When you consider Trump’s previous choices for White House staff, Kudlow seems to fit right in. Many of Trump’s cabinet selections have plenty of time on cable TV.
The National Bureau of Economic Research, a nonprofit, award-winning, research organization, stated that the Great Recession started in December 2007. However, Larry Kudlow published reports on December 5th, 6th, and 7th of 2007 titled The Recession Debate Is Over, and There Ain’t No Recession, and “Bush Boom Continues,” in the National Review. As the unemployment rate grew in June, of 2007, Kudlow continued to argue there was no recession.
Larry Kudlow has developed a reputation as a poor-shamer. In March of 2016, Kudlow took part in a panel discussion, and lectured single parents of low-income families on poverty, while stating he had “virtually no knowledge in this field,” but stated he could speak because, “there’s enough documentation for ignorant people” to talk about the relationship between “poverty” and “single parenting.” Kudlow’s position was that marriage acts as a silver bullet to solve poverty (a common Republican theme, and completely discredited by experts.)