Newsmax Finance Insider and veteran financial guru Larry Kudlow applauded Donald Trump’s rousing official entrance into the Oval Office as the new president presided over a tidal wave of meetings and actions.
“Trump is making good on a lot of his pro-growth policies, coming out of the gate very fast,” he told CNBC.
"That is sending you a signal that Trump is going to make good on these promises,” said Kudlow, a Newsmax Finance Insider, radio talk-show host and CNBC senior contributor.
“Think big, dream bigger,” Kudlow explained to CNBC in summarizing the first few days of the Trump presidency. “The time for action is now. Don't forget that. He's the guy who wants to follow through on this stuff,” he said.
“It's a level of symbolism, politics and growth, and this approving the pipelines is excellent. Obama should have done it several years ago, Keystone and Dakota," said Kudlow, who served as the Trump campaign's senior economic adviser.
Meanwhile, Kudlow explained that while the Dow Jones Industrial Average had been retreating further from the 20,000, the market abruptly changed course and is marching toward the milestone once again.
As evidence, Kudlow said that the economy is on relatively solid footing, and will only grow stronger. “I think there's some organic improvement" in the economy," said Kudlow, who worked as Reagan’s budget deputy between 1981 and 1985.
“There were some better numbers on business investment, which I like, which has been the Achilles' heel of the story for almost 20 years," said 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.
"How far that goes, how deep that is, whether the profits improvement is going to stay, we need more productivity. Those are all open issues,” said Kudlow, who was a key architect of Trump’s tax platform and an early supporter of the real-estate billionaire's campaign.
As evidence of Kudlow's claims, Trump himself urged the chief executives of the Big Three U.S. automakers on Tuesday to build more cars in the country, pressing his pledge to bring jobs to America and discourage the car industry from investing in Mexico, Reuters reported.
Trump, who has threatened to impose 35 percent tariffs on imported vehicles, opened a White House meeting with General Motors CEO Mary Barra, Ford Motor CEO Mark Fields and Fiat Chrysler Automobiles NV CEO Sergio Marchionne saying he wants to see more auto plants in the United States.
In return, the new Republican president has vowed to cut regulations and taxes to make it more attractive for businesses to operate in the United States. He promised frequently during his election campaign to be a job-creating president and stressed that message in his inaugural speech last Friday, Reuters reported.
"We have a very big push on to have auto plants and other plants - many other plants," he told reporters at the start of the meeting. "It's happening. It’s happening big league."
As his first few days in office prove, Trump will be a demanding leader who applies the best of his negotiating skills to push for U.S. growth, as bestselling author David Horowitz recently predicted to TheStreet.com.
Trump won’t be an ideological purist like Republicans who support free trade but don't fight for fair trade, Horowitz said.
“We've had an anti-business president now for eight years who doesn't take a hard-nosed attitude towards these deals. Trump is going to get better deals for us, which is still free trade.”
Horowitz's new book "The Big Agenda: President Trump's Plan to Save America," released just this week, reveals Trump's "first 100 days strategy" to roll back Obama's legislative and executive record.
Horowitz's new book is the first book about the Trump presidency and has soared to the top of the Amazon bestseller charts, becoming the No.1-selling book on the web.
Trump will also lead the way in making infrastructure spending to boost the U.S. economy, Horowitz said.
“If the economy grows as it will under Trump, there's going to be a lot more money to spend,” he said.
"Big Agenda: President Trump's Plan to Save America" is available at bookstores everywhere – or get your copy on Amazon – Click Here Now
(Newsmax wire services contributed to this report).
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