Veteran financial guru Larry Kudlow, who served as the Donald Trump campaign's senior economic adviser, predicts to Newsmax TV that President-elect Donald Trump is assembling the type of cabinet “to end the White House war against business that we've experienced under the Obama administration.”
“There has been a war against business from day one and that is going to end,” Kudlow told Steve Malzberg on “America Talks Live.”
“I think Trump's Cabinet picks have been very good and very skillful,” said Kudlow, a Newsmax Finance Insider, radio talk-show host and CNBC senior contributor.
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Kudlow deflected criticism that there are too many millionaires and billionaires being appointed to Trump’s Cabinet.
“I just think it's nonsense. I mean I like people with success, Trump likes people who have success,” said Kudlow — host of "The Larry Kudlow Show" and author of "JFK and the Reagan Revolution: A Secret History of American Prosperity," written with Brian Domitrovic and published by Portfolio.
“They will serve the country well,” Kudlow said of Trump’s picks so far.
In fact, wealthy appointees may actually be more trustworthy, said Kudlow, who was a key architect of Trump’s tax platform and has served as an informal adviser to the president-elect.
“Well-to-do people are highly unlikely to pull any fast ones or any corruption or anything like that because they don't need the money and they're good at what they do,” said Kudlow, who worked as Reagan’s budget deputy between 1981 and 1985.
“They're proven success in business is a good thing not a bad thing,” Kudlow said.
“This ankle biting from the left about billionaires and millionaires, this is nothing more than the extension of the Hillary Clinton campaign which as you recall did nothing but attack rich people," said Kudlow.
He explained that Hillary Clinton vowed she wasn’t going to “help rich people,” and wouldn’t “help rich corporations,” citing her campaign vow to raise their taxes, not cut them.
Kudlow said Hillary Clinton spouted such rhetoric “with no understanding of how the capitalist system works with proper free market incentives and how that boosts national economy and jobs and wages. This is just an extension of this Hillary Clinton, Bernie Sanders, Elizabeth Warren nonsense” he said.
“If there's anything a country needs, it is successful people to help govern it and that's why I think Trump is completely correct,” said Kudlow, who under President Ronald Reagan was the associate director for economics and planning, Office of Management and Budget, Executive Office of the President, where he was engaged in the development of the administration’s economic and budget policy.
Larry Kudlow is a senior contributor at CNBC. His new book is “JFK and the Reagan Revolution: A Secret History of American Prosperity,” written with Brian Domitrovic.
To find out more about Larry Kudlow and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate web page at www.creators.com
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