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LARRY KUDLOW: Biden has virtually no probability to be a steward of a new economic prosperity
Larry Kudlow: Biden may tell us untruths during the State of the Union
FOX Business host Larry Kudlow gives his take on President Biden’s upcoming State of the Union address on ‘Kudlow.’
Someone asked me at a briefing earlier today what I would say in a State of the Union. So, my answer was pretty simple and very clear: I'd slash spending, cut tax rates, deregulate and have the Fed maintain honest money. That's right. That would be my view.
If we had those kinds of policies, we'd be growing the economy about 3.5% a year, like we did in the post-World War II period for 50 years, instead of the 1.5% a year trend we’ve been on for three decades. Less spending, lower taxes, limit regs, sound money, equals prosperity. That's right.
Nice and simple. But I guess getting there is politically a little harder.
It doesn't matter to me which political party offered to be stewards of a new economic prosperity, but I'd say the chances are, nowadays, the Republicans have a higher probability than the Democrats and unfortunately President Biden, who will give the State of the Union speech tonight, has virtually no probability.
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Mr. Biden will defend his economic stewardship, and it's going to sound a lot different than what I just outlined. He may even tell a lot of untruths during the speech. I sincerely hope not, but that's my concern.