Kudlow: This is a pro-inflation budget
FOX Business host blasts Biden’s budget on ‘Kudlow.’
It used to be that presidential fiscal policy was used as a weapon to promote economic growth.
I can go all the way back to President John F. Kennedy, who promoted 5 percent growth, and he slashed taxes to get there, following the stodgy high tax multiple recession Eisenhower years.
Richard Nixon promoted growth the wrong way by devaluing the dollar, gunning the money supply and imposing wage and price controls, but at least he did want growth. It was just the wrong growth.
BIDEN’S $5.8T BUDGET PROPOSES ONE OF THE ‘LARGEST’ INVESTMENTS IN US NATIONAL SECURITY AMID WAR IN UKRAINE