White House unreality show to get new character: Larry Kudlow as economic adviser

Media Matters has treated Kudlow to a marvelous smackdown that includes these bits:

• In 2002, Kudlow argued that the invasion of Iraq would lead to a U.S. economic boom.

• In 2007, as the Great Recession took off, Kudlow claimed “There’s no recession coming. The pessimistas were wrong. It’s not going to happen. At a bare minimum, we are looking at Goldilocks 2.0.” In July 2008, when the economy shed a 213,000 jobs, he said, America is in “a mental recession, not an actual recession.”

• Kudlow “argued that banks that manipulated benchmark interest rates were the victims, rather than the criminals,” according to The Nation.

Ranting about President Barack Obama’s first 100 days in office, Kudlow said the president had declared “war against investors, businesses and entrepreneurs,” and “replac[ed] the rule of law” with ”political decisions.” He labeled “higher income inequality” as a “falsehood.”

• Kudlow said the best way to raise wages is to “slash business tax rates.”

• Kudlow said the country began stress tests on banks in 2009 because the Obama administration needed a villain. 

And he didn’t confine his idiocy to economic matters:

• He falsely claimed that under the Affordable Care Act’s individual mandate, uninsured Americans faced “a $25,000 fine, or imprisonment, or both.”

• As CNBC host, Kudlow repeatedly denied that climate change is real, calling scientists’ work in the field as “a kind of scam analysis.”

• He claimed that Hillary Clinton’s “shriek” about human rights was something “right out of Lenin or Trotsky.” 

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