Larry Kudlow, Donald Trump’s top economic adviser, celebrated the tens of millions of job losses fueled by Trump’s failure to contain the coronavirus, calling mass unemployment a “great part of American capitalism.”
Kudlow made the comments in an interview with Fox Business host Stuart Varney on Friday morning.
“I saw something else today, one of the smart Wall Street people are talking about it. And it’s an odd thing because the talk is that a lot of folks who became unemployed, all right, most regrettably but they’re sticking with it and starting new businesses. They’re going to be small businesses. But that’s the great part of American capitalism, gales of creative destruction. I just love that new business start-up story,” Kudlow said.
Kudlow did not name the “smart Wall Street” person who made this point to him, but that person appears to have their facts wrong. Continue reading.