Larry Kudlow criticizes Joe Biden’s $ 6 trillion budget plan to generate ‘pathetic’ economic growth
“Kudlow“host Larry kudlow criticized President Biden’s $ 6 trillion spending plan, telling America Reports on Monday “it’s not worth it” after the growth rate for the entire 10-year period subsides is revealed to be less than 2%.
KUDLOW: On top of all the tax stuff, they’re going through this scam to transform the whole economy. The Green New Deal, higher taxes, massive spending, a social safety net, a critical racial theory. Whatever they do. When you look at their numbers for this budget which came out late Friday. Do you know what their growth rate is for the entire 10-year period? Less than 2%. So after all that, the transformation, whatever they want to do, no growth. It’s not worth it.
It is pathetic. People will not get higher wages. People will not get more jobs. People will not get more family income. People will not get new skills. People won’t get anything if you have 2% growth or less. The purpose of the Trump tax, deregulation, and the energy program was to stimulate that. We had 3% growth before the pandemic. We made him come on a four–quarter, growth of 4% before the Fed turns the screw. If that’s all you get, why do it? Why go through all these scams? You are disrupting culture, economy, energy and the social safety net, for what exactly?
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