Kudlow: Wall Street will regret backing Biden

[brooklynite]

This discussion thread was locked as off-topic by JudyM (a host of the Latest Breaking News forum).

Source: Politico

Top White House economic adviser Larry Kudlow on Friday chided Wall Street executives for backing former Vice President Joe Biden over President Donald Trump, warning that they would suffer with Democrats in control.

Kudlow, director of the National Economic Council, said at an Axios event that many financial industry leaders have "turned to the left" and "become very progressive."

Biden has raised more campaign contributions than Trump from executives and employees of investment firms and commercial banks, according to data compiled by Open Secrets. He has collected nearly five times more than the president from the securities and investment industry alone.

Kudlow, a Wall Street veteran who served as chief economist of investment bank Bear Stearns, said industry leaders would have "many, many regrets" under a Biden presidency. While Biden hasn't adopted the same anti-Wall Street rhetoric as Sens. Bernie Sanders (I-Vt.) or Elizabeth Warren (D-Mass.), he would face pressure as president to embrace their views. Biden has said he plans to raise taxes on corporations and the wealthy.

Read more: https://www.politico.com/news/2020/10/30/kudlow-wall-street-biden-433711

[Qutzupalotl]

1. Translation: I already regret backing Trump.

(My secret Republican decoder is simply understanding projection.)

[ProfessorGAC]

8. I Have A Different Translation

What "Always Wrong" Kudlow meant was "Wall Street already regrets backing Trump."

[spooky3]

2. Yes, Larry, Wall Street just loves 5+% declines in a week and unpredictable

Presidential behavior.

[stillcool]

3. crying in his whiskey?

[BlueNProud]

4. Eight Ball Larry prefers his refreshments in powder form

[stillcool]

15. that's so he can drink more...

and stay vertical on tv

[kurtcagle]

5. The word "chided" grates here.

To chide is to gently make fun of. This is not chiding. This is a not-so-veiled threat.

That seems to be all that is coming out of the White House these days. No plans, no empathy, nothing but threats against anyone who is not supporting or voting for him. He is assuming he will win and that he'll enact his revenge against everyone who opposed him once he's elected.

I really hope to see the expression on Trump's face as he realizes that the country has just fired him Tuesday night

[Yo_Mama_Been_Loggin]

6. Kudlow once again showing how inept he is in economics

The stock market has generally done better under Democrats. I say that as one who's invested since the eighties.

[WA-03 Democrat]

7. Rich from the Larry

No degree in economics but plays one on TV

[My Pet Orangutan]

9. Bear Stearns ... that rings a bell

Whatever happened to them?

[BumRushDaShow]

16. !!!!

(I think they are rooming with the Lehman brothers)

[Lucky Luciano]

10. Kudlow is nothing but a pure hack.

He and Donny boy should just keep snorting blow until Jan 20.

[Thekaspervote]

11. Hey kudlow you're just another pos doing your idiot kings bidding. No one not even WS thinks that

[llmart]

12. Another trump humper...

trying to pretend he's still relevant.

[bucolic_frolic]

13. Progressive policies will bring the 47% into the economy as real consumers

Kudlow full of plain ordinary shit

[pfitz59]

14. Another Trumpie who knows his goose is cooked

"Elect Trump, or I'll be the laughing-stock of Wall Street."

[Turbineguy]

17. Kudlow has one solution for everything.

Tax cuts for the rich.

[yaesu]

18. Cocaine Kudlow has always been delusional. nt

[paleotn]

19. Yea, Larry. Whatever.

[TheDemsshouldhireme]

20. Well shit

now I'm positive Biden is going to be great for the economy.

[IronLionZion]

21. They know who slaughtered Obama's bull market and turned it into Trump steaks

well done with ketchup. If Trump was so good for the stock market, he wouldn't need to have the Fed pump trillions in stimulus, low interest rates, and massive tax cuts to prop it up.

[lonely bird]

22. The financial crisis stared Kudlow in the face and he couldn't see it

What an idiot.

[BlueIdaho]

23. Kudlow protects his 100%

Full of shite record.

[JohnnyRingo]

24. Does Kudlow know Biden was VP during the boom years?

These republicans assume our memories began when Trump came down the escalator. Obama/Biden guided us from the recession caused by Kudlow's other hero, GW Bush.

[BlueWavePsych]

25. Nobody will ever hire this shill.

[pat_k]

26. Sadly, crash is coming. Nothing to do with Biden

The market is insanely out of step with reality. Greedy gamblers puffing up the bubble.

When it crashes, it will have nothing to do with Biden. But of course, the rightwingnuts will point the finger.

[greyl]

27. The World: Trumpets will regret trusting Kudlow. nt

[lostnfound]

28. Wall Street is not a person nor a citizen. Go away. Nt

[SmartVoter22]

29. Kudlow thinks gold standard still in effect

Kudlow is part of the dinosaur faction of the GOP. The Neocons.
Neocons were the early 1950's anti-communist fear mongering faction of the GOP. Sen Joe McCarthy of Wisc was it's poster boy, along with Roy Cohn, the lawyer for McCarthy's UnAmerican Committee and Trump mentor.

Republicans often take people like Kudlow, as experts. Experts who have no education in the topic they are given 'expert' status within that party.
A neocon, of 1950's McCarthyism, Kudlow is outdated and cannot provide any useful information, other than 'we are all gonna die' spin.

If Kudlow perfers a market sector, divest from it ASAP

[JudyM]

30. Locking

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