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Economy

Kudlow Says Americans Can Expect Information On Reopening Economy In ‘Next Day Or Two’

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White House Economic Adviser Larry Kudlow said on Fox Business “Varney and Co.” Tuesday that a plan for re-opening the American economy could be coming “in the next day or two.”

“The President has suggested a kind of rolling re-entry here but I don’t want to front-run his views, I don’t want to pre-announce anything this morning…It’s a question of health, it’s a question of safety and it’s a question of well-being so we can get the (middle class) back to work as soon as we safely can. I believe the country is ready to go back to work,” Kudlow told Varney.

He also acknowledged that the Chinese communist government must face consequences in  covering up the outbreak of the novel coronavirus in Wuhan, which led to the global pandemic.

“China needs to be held accountable on a number of measures,” Kudlow said. “Over a period of time they will be held accountable, no question about that. Having said that, the President is engaging with China. He’s speaking with President Xi, their relationship remains very positive so we are working with them.”

Kudlow mentioned that the administration would like to bring supply chains back to the U.S. in response to what has happened since the start of the pandemic.

“We would like to bring them home, just as a matter of policy across the board…100% expensing, whether it’s structures, plants, equipment, renovations, intellectual property, that would essentially pay the moving expenses for companies to come back to America…and by the way it would also help America to recover even more rapidly from the pandemic,” he said.

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Economy

Gallup poll: GOP holds large advantage over Dems in economy, national security

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GOP

A recent Gallup poll shows Americans overwhelmingly have faith in Republicans over Democrats when it comes to the economy. In fact, the GOP “holists largest advantage on the economy in over 30 years, with 53% of Americans trusting Republicans more than Democrats on the issue” writes the Daily Caller News Foundation.

The poll holds Republicans at a 14-point lead over Democrats for handling the economy better. “The GOP scored 10 points higher on the economy than last year, marking the largest margin between the two parties since 1991.”

Gallup’s publication of the poll is titled ‘Neither Party Well-Liked, but GOP Holds Advantage on Issues.’ It may not be a shock that “The two major political parties remain unpopular in the U.S., with 56% of Americans viewing the Republican Party unfavorably and 58% saying the same of the Democratic Party” but the GOP holds “historically ample leads.”

“Fifty-three percent of Americans believe the Republican Party will do a better job of keeping the country prosperous over the next few years, whereas 39% choose the Democratic Party.”

“A slightly larger majority, 57%, have greater faith in the Republican Party to protect the country from international terrorism and military threats, while 35% favor the Democrats.”

 

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