White House economic adviser Larry Kudlow on Sunday kept up with his tradition of spewing happy talk on COVID-19 by baselessly touting that the economy would grow later this year despite coronavirus cases continuing to surge nationwide.
Trump’s cabinet members are either former or wannabe FOX pundits, and Trump himself is a reality show boss. Together, they have turned the White House into a television soundstage, so it isn’t surprising when Kudlow sticks to a script that has nothing to do with governing, reality, or the public good. So far, 39% of the public still have failed to realize that while “entertainment” is desirable in some situations, it isn’t what one wants from one’s political leaders. Hopefully that number keeps going down.
Kudlow doubled down on his rosy sentiment by saying that the economy is improving by “leaps and bounds” due to “more states that are reopening and doing very well.”
PolitiFact gives higher “Truth-O-Meter” ratings to Baghdad Bob.
Of course, only 60% of businesses which have shut down are estimated to be permanently closed, and nobody is risking opening new businesses right now… But sure, full employment is just around the corner.
C’mon guys, give Koke-low a break. Every sector of the economy won’t recover simultaneously but share in casket makers, crematorium chains, funeral home chains, cemetery chains, shady vaccine makers and the like are taking off. Plus, when there is an equilibrium, I’ll call it the Stable Trump Equilibrium (STE), between the number of job-seekers and covid dead, the unemployment rate will fall.
About some things. If there is ever a “V-shaped recovery,” I’ll eat my shoe. We sure as hell aren’t in one now. If there’s a 20% growth rate in the third and fourth quarters, I’ll eat the other one.