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Larry Kudlow uses facts to squash Cory Booker’s untrue claim that economic recovery is Obama’s doing, not Trump’s

May 6, 2019 | | Print Article
(Image: screenshot)

Larry Kudlow is not buying what Sen. Cory Booker is selling about the source of the booming American economy.

The National Economic Council director tossed aside as “factually” not true the claim by Booker that former President Barack Obama is responsible for the recovering economy.

“What Mr. Booker and some others are saying is simply not true, factually,” Kudlow told Fox News’ “America’s News HQ” on Sunday.

“These are blowout numbers. The economy is going great guns and POTUS’ policies, to be perfectly honest, his policies to rebuild this economy have entered us into a tremendous prosperity cycle. And I don’t see any end to it right now,” he said, touting the April jobs report which revealed that 263,000 new positions were created and the unemployment rate has fallen to 3.6 percent.

But Booker not only suggested that the numbers only represent upper-income Americans, he claimed President Trump was “taking credit” for the recovery that his Democratic predecessor began.

“First of all, I love that Trump is taking credit for a recovery that started under Obama,” the 2020 presidential contender told CNN’s “State of the Union” on Sunday.

Host Jake Tapper asked how Booker could “make a pitch” to voters about impeaching the president when the “economy is thriving” and unemployment has not been this slow since the New Jersey Democrat was eight months old.

“You have people on my block – I’m the only presidential candidate that lives in a low-income inner-city neighborhood. Talk to folks, and they’ll tell you: ‘I have to work two jobs just to try to keep myself in housing. And, by the way, that housing isn’t reflected in any of my family,'” Booker said. “Americans are struggling. Their wages are too low … for the last four decades, I don’t think they’ve budged that much … We’ve got to make sure that this is a shared recovery, because, right now, it definitely is not.”

But Kudlow doubled down on the facts.

“I’m just gonna use the darn facts” he said on Fox News. “On the wage front, rising 3.2 percent overall, the bottom  quarter 4.4 percent wage increase, the top quarter, 3.5 percent…”

“First of all, both are good and a rising tide is lifting all boats,” Kudlow added. “But the point I’m making is, it’s the blue collar people that have the fastest job expansion and it’s the blue collar people that have the best wage growth.”

President Trump celebrated the great economic news in a tweet proclaiming “JOBS, JOBS, JOBS!” on Friday.

Kudlow celebrated the jobs report posted by the Labor Department last week in a video shared by the White House.

“Wow, low unemployment, high jobs, high wages, big consumer confidence, major productivity and no inflation! It’s totally awesome, we’re killing it on the economy,”  the White House economic adviser exclaimed in the video.

“I don’t know how I had the energy to do that,” Kudlow explained on Fox News Sunday. “I just walked out and, I don’t know, man, let her rip.”

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Frieda Powers
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