Veteran financial guru Larry Kudlow, who served as the Donald Trump campaign's senior economic adviser, tells Newsmax TV that the president-elect will live up to his campaign vows to restore prosperity to all Americans and the nation we all love.
"Donald Trump has a very strong economic growth message which is going to be great for the economy and for profits and for businesses large and small," Kudlow told Steve Malzberg on "America Talks Live."
Kudlow, a Newsmax Finance Insider and CNBC senior contributor, said the billionaire real-estate tycoon, who beat Democratic rival Hillary Clinton Tuesday, was successful because he understands the dissatisfaction of "ordinary middle-class folk."
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Kudlow — host of "The Larry Kudlow Show" and author of "JFK and the Reagan Revolution: A Secret History of American Prosperity," written with Brian Domitrovic and published by Portfolio — said Trump's economic message temporarily got lost amid an hours-long market collapse as election results were tallied.
"Don't ask me why but it did. It was kind of like Brexit. The markets collapsed and then they started coming back very strong when they realized that that was a good idea," said Kudlow, who under President Ronald Reagan was the associate director for economics and planning, Office of Management and Budget, Executive Office of the President, where he was engaged in the development of the administration’s economic and budget policy.
"With Mr. Trump you're going to have across the board tax cuts, you're going to end Obamacare, which is a prosperity killer and a healthcare killer, you're going to take the handcuffs off of energy, you're going to wall back all these regulations and you're going to stop the government from taking over the economy. That's a powerful message," Kudlow said.
Trump "understood that they were angry and that the establishment in Washington and elsewhere was not delivering. He understood that they wanted change and he understood that they wanted to drain the swamp, get rid of the corruption, stop the corporate cronyism," Kudlow said.
"He understood that instinctively and he knew that people were not willing to give up the American dream … I think it was effective and I think he hit it exactly right. He just understood the American people in a way that no other political figure has understood it."
Kudlow said he believes the global stock markets are ripe for investment. "I would be buying all these markets right now. I'm not a trader, Lord knows, but I would be buying it because again, fundamentally, Trump has a very strong pro-growth message and the world needs growth," he said.
"If the United States goes the wrong way, as I think it has in recent years, the rest of the world tends to follow. But if the U.S. goes the right way, the incentive way, the tax cut way, then the world will follow," Kudlow said. "With things like trade disputes and the latest arguments, I think those can be worked out in a very cooperative and positive manner," Kudlow said.
"Somehow markets got the impression that Hillary was the safe candidate, that she was the more certain candidate. I just never bought into that."
Larry Kudlow is a senior contributor at CNBC. His new book is “JFK and the Reagan Revolution: A Secret History of American Prosperity,” written with Brian Domitrovic.
To find out more about Larry Kudlow and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate web page at www.creators.com
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