A high-ranking Trump official just pleaded “guilty” and surprised the mainstream media. The story is spreading nationwide and people are stunned.
Appearing on NBC News with host Chuck Todd, White House economic adviser Larry Kudlow admitted that he was wrong in 2007 about the coming recession, however, we should be optimistic about our economic state right now.
Kudlow said, “I plead guilty to that late 2007 forecast,” a topic Todd brought up as a kind of ‘gotcha question’ to hurt his standing. Todd recalled Kudlow’s words, in which he said that “there’s no recession coming” and “the pessimistas were wrong.”
However, noted Kudlow, he wasn’t the only economist caught off guard by what became one of the biggest economic drops in modern history. He also implied that our economic situation now is quite different.
“We had some blockbuster retail sales, consumer numbers toward the back end of last week,” said Kudlow, extrapolating the facts for the liberal Todd — who was desperately trying to throw cold water on the strong Trump economy.
Kudlow continued: “Despite a lot of worries with the volatile stock market, most economists on Wall Street toward the end of the week had been marking up their forecasting for the third and fourth quarter. Let’s not be afraid of optimism.”
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