LARRY KUDLOW: We need economic prosperity stewardship
25th February 2023
Larry Kudlow ‘Bidenomics’ has failed
FOX Business host Larry Kudlow calls out the Biden administration’s economic policies on ‘Kudlow.’
Today's inflation report was the worst in 6 months and even last month's was revised higher. There's no question that the Joe Biden economic malaise continues, but there is a big question: where's the Republican presidential campaign growth and prosperity solution plan?
Where is it? So far, I haven't heard any of the leading candidates on this topic. I mean the Wanna-Be's and we call know who they are. Bidenomics has failed, so how will the GOP turn failure into success? That’s what I want to know. We are going to talk to the great Kellyanne Conway about this vexing problem in just a few moments.
Now, briefly let's review the Biden malaise. Today's shocking inflation jump is just one example. Actually, all the inflation reports in January were shockingly bad. Energy is up almost 10%. Food up over 11%. All of that is year-on-year. Producer prices up 6%, consumer prices up 6.4%. The Atlanta Fed's wage tracker up 6.1%.
Retail sales looked strong in January – but, adjusted for inflation, they were actually flat from a year ago. Manufacturing actually flat over the past year. The latest CBO budget report was shockingly bad.
NEW HOME SALES JUMP MORE THAN EXPECTED IN JANUARY TO 10-MONTH HIGH