Thursday, October 25, 2018

Kudlow: Trump 'obsessed' with getting to 5% growth, explains 'Trumponomics'

Kudlow: Trump 'obsessed' with getting to 5% growth, explains 'Trumponomics'

Donald Trump
President Donald Trump pauses as he speaks during a campaign rally at Elko Regional Airport, Saturday, Oct. 20, 2018, in Elko, Nev. Air Force One is seen in the distance.

P
oliticians are often asked what keeps them up at night. Typically the answers are scary.
Not so, apparently, with President Trump. 
41oLZOR9-fL._SX322_BO1,204,203,200_.jpg














National Economic Council Chairman Larry Kudlow, one of President Trump’s top policy advisors and an architect of the 2017 tax cut, said that Trump stays awake because he is “obsessed” with rebuilding the U.S. economy and reaching 5 percent growth.
“I can tell you after a few months on the job, this man is indefatigable. Donald Trump doesn’t stop. He barely sleeps. It’s almost impossible to keep up with him. He is truly obsessed with restoring American greatness,” he wrote in the insider book Trumponomics, Inside the America First Plan to Get Our Economy Back on Track.
Kudlow’s foreword in the book by Stephen Moore and Arthur B. Laffer, his partners in the 2016 kitchen cabinet of Trump economic advisors, makes the case that while his tactics are unconventional in Washington, Trump is scoring big wins on the economy, trade, taxes and energy.
“And it has happened faster than anyone imagined possible,” he wrote in the book published by All Points Books/Macmillan and due out Oct. 30. A copy was provided to the Washington Examiner.
Moore and Laffer give the behind-the-scenes stories about developing the tax cut bill and president’s trade policies.
They said their book is “not a celebration” of all things Trump, and they reveal, for example, their skittishness over his trade policies.
But more importantly, it details just what “Trumponomics” is and why it is hard to stuff into a box labeled “Republican,” or “Democrat” or “Libertarian.”
“So just what is Trumponomics all about? Does it have any cohesive theme, or is Trump just making this all up as he goes along? We wish we had a bitcoin for every time we’ve been asked that question,” they wrote.
They gave hardline Trump adviser Stephen Bannon credit for directing the world view that Trumponomics represents. “Trump is a non-politician who was promising a paradigm shift,” he told the authors.
“That’s the understatement of this still-young century. Trump didn’t run as a Milton Friedman-Reagan free marketeer. He is not a libertarian — far from it. He also didn’t run as a ‘kinder and gentler’ Bush neocon. Trump upended two decades of stale Republican dogma with a freshly minted populist agenda,” they wrote.
The duo revealed over 300 pages that Trumponomics has 10 key points: 
  • Put America first, reject globalism.
  • Restore American patriotism, like former President Reagan did.
  • End the nanny state by empowering Americans to make their own decisions on issues like education and health care.
  • Rebuild inner cities with a focus on curbing crime.
  • Secure U.S. borders and end sanctuary policies that lure in illegal immigrants.
  • Promote U.S. businesses.
  • Attempt to eliminate polarizing identity politics.
  • “Reject declinism,” and promote an agenda to better the future on several issues, including ending cancer.
  • Promote democracy and free enterprise abroad.
  • Speed economic growth.

No comments:

Post a Comment