National Economic Council Chairman Larry Kudlow appears for a Sunday interview with CNN’s Jake Tapper on the topic of the economy, recovery and re-opening. Tapper has to pretend not to know things, like how an extra $600/week (COVID unemployment) is a real disincentive for people to return to work.
A contrast in interviews between the obtuse Jake Tapper and Maria Bartiromo discussing the Trump administration efforts to reopen the economy. While Bartiromo still leans toward policy initiatives to bail out her Wall Street allies, the doomsayers who never focus on solutions. The previous economic package is working and delivering positive results.
As White House economist Kevin Hassett noted yesterday, any phase-4 relief package would be very specifically targeted -as tax incentives, not spending- toward only those companies and industries that are negatively impacted during earnest efforts to reestablish their footing.
