Recession is a Great Opportunity, Kudlow Says

JM Ashby
Written by JM Ashby

A recession that will be begin this week and last for at least the next several months seems almost certain now, but it's a great opportunity if you're a rich investor according to Trump's top economic adviser.

Larry Kudlow appeared on Fox Business from outside the White House this morning where he said the crashing market is a great market for rich investors.

KUDLOW: "You see these tremendous [market] corrections like this and for long term investors I think it affords a great opportunity to buy. You're investing in America for the long run. This is given an opportunity with this big correction."

You know, it's okay to say something like this when you're just a cable television pundit, but when you're the nation's top economic adviser I don't think you should be reaching for positives at a time when people are being laid off and their retirement accounts are evaporating.

Kudlow is not necessarily wrong that it's a great opportunity for rich investors. Investors will likely buy a significant bundle of assets this year just as they did during the Great Recession. For the vast majority of Americans, however, that's not an option. Most Americans are currently pondering how to survive the next several months if not the rest of the year.

During his appearance, Kudlow also said the "fundamentals of the economy" are "strong." John McCain said the same thing in 2008.

  • Draxiar

    Gee…what’s next Larry? Are you going to tell people that it’s great chance to snatch up the houses of people that have died from Covid-19? This man is a fucking ghoul.

    • Christopher Foxx

      I’d say “Don’t give him ideas.” but I’m sure he’s already had that one.

  • Badgerite

    “The fundamentals WERE sound.” There. I fixed it for him.

    • Christopher Foxx

      The fundamentals ARE strong. And the fundamentals say that cutting taxes for the rich, failing to invest in infrastructure, engaging in trade wars and other such actions (i.e., everything the Republicans have been doing) are going to result in significant economic downturns.

      • Badgerite

        True dat.

  • Diane

    Is Larry Kudlow known as a dipshit?
    Or am I thinking of you-know -who….

  • b2blog

    What house on fire are you going to move your piles of cash to? Dumb time to make any decision.

  • muselet

    What else would anyone expect from Larry Kudlow? ūüôĄ