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  • user warning: Table './conserva_drupal/cache_filter' is marked as crashed and should be repaired query: UPDATE cache_filter SET data = '<p>LARRY KUDLOW: March 16, 2018</p>\n<p><img alt=\"\" src=\"http://conservativechronicle.com/sites/default/files/Harsanyi.gif\" /></p>\n<p>President Donald Trump will reportedly name Larry Kudlow head of the White House National Economic Council. For fans of pro-growth policies &mdash; deregulation, low taxation and open trade &mdash; it&rsquo;s great news for obvious reasons. Kudlow has been a decades-long champion of these ideas, and those with coherent philosophies tend to offer some stability and continuity. This administration could use more of those things, not less.</p>\n<p> KUDLOW IS also a noticeable upgrade over the outgoing Gary Cohn, not only because he has been a far more consistent voice for free markets &mdash; Cohn&rsquo;s support of carbon tax and a value added tax, and rumored moderating disposition on tax reform were all worrisome clues &mdash; but also because the syndicated columnist and former TV host is better equipped to sell those ideas to the public and lawmakers.<br />\n Kudlow, it&rsquo;s been reported, also played a role in persuading senators to support tax reform despite the intense political opposition, and hysterical warnings about the bill&rsquo;s homicidal intent and supposed enduring unpopularity. His problem with the Trump tax bill was that it wasn&rsquo;t cut enough on the individual side.<br />\n Of course, the hardest sell might be the president himself. &ldquo;We don&rsquo;t agree on everything, but in this case I think that&rsquo;s good,&rdquo; Trump said of Kudlow this week. &ldquo;I want to have a divergent opinion. We agree on most. He now has come around to believing in tariffs as a negotiating point.&rdquo; Trump hired Kudlow even though he co-wrote a piece for National Review only two weeks ago arguing that imposing tariffs on steel and aluminum imports is tantamount to imposing sanctions on your own country &mdash; &ldquo;a crisis of logic.&rdquo; Kudlow, a former White House budget aide for President Ronald Reagan, has long held positions on NAFTA and trade in general that are diametrically opposed to the president&rsquo;s, which undermines the idea that Trump is rigidly opposed to any dissent within the administration.<br />\n And if tariffs are indeed merely a &ldquo;negotiating point,&rdquo; that&rsquo;s good news.</p>\n<p> WHILE KUDLOW immediately restores some balance in a White House that has picked up the protectionist rhetoric lately, it&rsquo;s highly unlikely that the propelling idea of Trump&rsquo;s electoral success will be shelved simply because he tapped a new adviser, no matter how convincing or compelling his arguments might be. It&rsquo;s worth considering, however, that Kudlow might mitigate some of the worst inclinations of the protectionist wing. Certainly, his presence doesn&rsquo;t hurt.<br />\n It&rsquo;s worth noting that tariffs, though important, aren&rsquo;t everything. And on most issues, Trump has displayed a surprisingly traditional fiscal conservatism. Cohn, it seems, would have been much more liable to push Trump toward acquiescing on economic issues in pursuit of deals.<br />\n So, the hardest hits by the news have been liberal pundits who are, despite all the talk of the Trumpocalypse, far more predisposed to being fans of the president&rsquo;s big-government inclinations than that of old-school fiscal conservatism. Many liberal columnists have already lined up to point out that Kudlow has made some bad predictions in the past. It&rsquo;s worth remembering that this puts him on par with just about every other economist who&rsquo;s ever appeared on TV or written a column or worked for government. Kudlow&rsquo;s rosy predictions seem predicated on an optimistic view that fails to consider the unpredictability of markets and world events. Economists &mdash; all of them &mdash; should stop trying to be seers.</p>\n<p> THE IDEA that anyone who&rsquo;s failed to forecast a recession but been right about the big ideas should be disqualified from a job in Washington seems to be reserved exclusively for fiscal conservatives. And watching the agitated reaction from proponents of high taxes and highly regulated top-down economics should imbue conservatives with optimism that Trump has made the right choice.</p>\n', created = 1575649891, expire = 1575736291, headers = '', serialized = 0 WHERE cid = '2:18832c34c88d008c02d5303df44efa6a' in /home/conserva/public_html/includes/cache.inc on line 112.
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Larry Kudlow is a big upgrade for the White House

LARRY KUDLOW: March 16, 2018

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