Who will replace economic adviser Gary Cohn in the White House? The current name floating as a “favorite” or “front-runner,” according to the New York Times and Reuters respectively, is CNBC commentator and radio host Lawrence Kudlow.
“We don’t agree on everything, but in this case, I think that’s good,” President Donald Trump said of Kudlow on Tuesday. “I want to have a divergent opinion. We agree on most.”
“I think Larry has a very good chance,” Trump continued.
Last week, Cohn, the former Goldman Sachs president, resigned from his White House position as director of the National Economic Council, after losing the battle over Trump’s implementation of steel and aluminum tariffs.
Since the announcement of Cohn’s resignation, several names have been floated for his replacement: Christopher Liddell, a White House official working with Trump’s son-in-law Jared Kushner in the Office of American Innovation who is a former executive for General Motors and Microsoft, has been mentioned. So has White House advisor Peter Navarro, who favored the tariffs but has said he’s not in the running, according to Reuters. (On Sunday, the Wall Street Journal’s editorial board wrote a scathing op-ed on Liddell and his stance on free trade.)
Trump, of course is known for his mercurial tendencies, so it’s tough to know what will stick. But here’s what to know about Kudlow, the reported top candidate for the job.
Kudlow as a media personality.
Kudlow has been a host on several now-off the air CNBC programs, including The Kudlow Report, which ended in 2014. He currently serves as a commentator for CNBC (and often appears on Squawk Box).
Prior to media he worked on Wall Street as an economist at the now-defunct Bear Stearns. He left in 1995 due to alcohol and cocaine abuse, for which he went to rehab.
Kudlow was initially a Democrat and he supported Daniel Patrick Moynihan in a senate race in 1976. However, he served in the Reagan Administration and he is a believer in supply-side economics and deregulation.
In 2016, Kudlow contemplated running as s Republican against Democratic Sen. Richard Blumenthal in Connecticut, but ultimately declined to run.
During the 2016 election, he served as an informal advisor to Trump’s campaign, and recently he said on CNBC that Trump was “so good on taxes, he’s so good on tax cuts, he’s so good on deregulation, infrastructure — I even like him on immigration.”
Where Kudlow overlaps with Trump’s economic policy.
Kudlow has praised the president’s tax cuts, which were signed into law in December of 2017.
“Trump and the GOP are on the side of the growth angels with the passage of powerful tax-cut legislation to boost business investment, wages, and take-home family pay,” Kudlow wrote in a CNBC op-ed. “The …read more
Source:: Time – Business