Larry Kudlow

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Lawrence "Larry" Kudlow (born August 20, 1947), is a supply-side economist, syndicated columnist, television show host, and National Economic Council Director under the Trump Administration. While generally voicing conservative positions on political issues, Kudlow is a globalist on certain issues such as tariffs and free trade.

Career

Kudlow attended the University of Rochester in Rochester, New York where he graduated with a degree in history 1969.[1] He also attended Princeton University's Woodrow Wilson School of Public and International Affairs. He studied politics and economics but did not earn a degree, leaving before he could graduate.

He has served as chief economist on several Wall Street firms such as Bear, Stearns, was a member of the Bush-Cheney Transition Advisory Committee, and was associate director for economics and planning, Office of Management and Budget, Executive Office of the President during Ronald Reagan's first term.[2]

Kudlow is the founder and CEO of Kudlow & Co., LLC, an economic research firm. He hosts The Kudlow Report on CNBC, a television program which was previously known as Kudlow & Cramer when Jim Cramer co-hosted before they split (Cramer moved on to host Mad Money). After Kudlow and Cramer separated to host their own show, Kudlow's became known as Kudlow & Company. Then on January 26, 2009, Kudlow & Company had another name change to its current title, The Kudlow Report.

NEC Director

President Donald Trump chose Kudlow to be the director of the National Economic Council in March 2018 after his predecessor, Gary Cohn, resigned.[3] This was despite the fact that he had previously criticized Trump and his policies on various issues[4][5] and distanced himself from Trump after the "Access Hollywood" incident in October 2016.[6] Despite being an economic advisor, Kudlow publically stated he wanted to use his position to advise the president on immigration policy.[7]

Political views

Kudlow once was a left-wing Democrat who was a Students for a Democratic Society member.[8][9] He later worked with Democrats, including Bill Clinton and John Podesta, to elect liberal Democrats and vote out conservative Republicans.[10] He later switched to the Republican Party when he worked in the Reagan Administration. The mainstream media outlet BBC News have subsequently described Kudlow as "a fairly typical, establishment Republican".[9]

Kudlow supports supply-side economics and lower taxes.[11] However, Kudlow leans globalist on issues such as trade, as he opposes tariffs.[8][11]

Some conservatives have noted Kudlow's "ability to remain flexible" on ideology,[10] pointing out examples where he appeared to change his views in a short period of time.[8]

Personal life

Kudlow was born into a Jewish household, but after becoming addicted to cocaine and alcohol, he converted to Catholicism. Kudlow credits the Church with helping him shake his addiction, and wrote, "The problem got much worse before I finally surrendered to God, literally on my knees, and began a new life of faith — and sobriety."[12]

Bibliography

  • American Abundance: The New Economic & Moral Prosperity
  • Bullish On Bush: How George Bush's Ownership Society Will Make America Stronger (written partially by Kudlow)
  • Tide: Why Tax Cuts Are the Key to Prosperity and Freedom

References

  1. http://www.rochester.edu/pr/Review/V65N2/feature5.html
  2. http://www.cnbc.com/id/15838083/
  3. Multiple references:
  4. Bryan, Bob (March 14, 2018). Trump's new top economic adviser has a history of slamming the president on Twitter. Business Insider. Retrieved March 14, 2018.
  5. Lawler, Joseph (March 14, 2018). New economic adviser Larry Kudlow has clashed with Trump on tariffs and more. Washington Examiner. Retrieved March 15, 2018.
  6. Belvedere, Matthew J. (October 10, 2016). Trump is like a stock that's bottomed: Larry Kudlow. CNBC. Retrieved March 14, 2018.
  7. Primack, Dan (March 14, 2018). Trump's new econ advisor wants role in immigration discussions. Axios. Retrieved March 14, 2018.
  8. 8.0 8.1 8.2 Adelmann, Bob (March 13, 2018). Trump Considering Kudlow, Navarro to Replace Cohn as Chief Economic Advisor. The New American. Retrieved March 14, 2018.
  9. 9.0 9.1 TV pundit Lawrence Kudlow tapped to be Trump economic adviser. BBC News. March 14, 2018. Retrieved Mach 14, 2018.
  10. 10.0 10.1 Adelmann, Bob (December 20, 2016). Trump Likely To Pick Larry Kudlow as Chief Economic Advisor. The New American. Retrieved March 14, 2018.
  11. 11.0 11.1 Basu, Zachary (March 14, 2018). What to know about Trump's new economic adviser, Larry Kudlow. Axios. Retrieved March 14, 2018.
  12. http://www.nationalreview.com/kudlow/kudlow200504041030.asp