LARRY KUDLOW: Here's a warning on the economy

LARRY KUDLOW: Here's a warning on the economy https://www.foxbusiness.com/media/larry-kudlow-here-warning-economy
1. President Biden is upset because reporters are not happy with his economic figures.

2. But he doesn't tell you as many of the jobs that are being created are federal jobs. I know he wants five divisions of IRS agents. It will take time to get those positions filled.

3. Some positions are lower-paying jobs. The same positions are part-time jobs for people who can't afford to live on what they have now and work on the side.

4. I doubt anybody is happy if they're trying to sell their home because they most likely have a low-interest rate on their house so why would they want to sell their home if it's going to be getting a 30-year mortgage at 8%?

5. Inflation runs a 17%. I noticed that President Biden is bragging about the inflation rate but the core inflation rate excludes food and energy. Energy is up over 40% and food is up 20% and it's even higher than that if you live in Brokeback California which has regular gasoline at over seven bucks a gallon.

6. People are worried because if the economy has too many new jobs, the Federal Reserve will have to raise interest rates even more. Because of the many trillions of dollars of the president's stupid Bidenomics overspending, the FED has to raise interest rates to try to break the economy.

7. The brokeback Joe Biden Administration can just lower regulations and increase domestic oil production and that will help lower oil prices but that goes against his extreme leftist demise of fossil fuels brainwashed mentality.


8. Hypocritical Hillary Clinton talks about MAGARepublicans needing to be deprogrammed. I say we should deprogram President Biden with his green New Deal mentality and his destruction of the American oil and energy industry. European countries are restarting Coal Fired power plants. England and other European countries are saying, not so fast! They want to have the option of the internal combustion engine and they know that the power grid can't handle the electric load and they can't live without Russian natural gas so they have to go to existing infrastructure instead of buying overpriced Chinese wind and solar hardware.

9. President Biden needs to be programmed along with his minions. Economics and Finance 101 works. Trickle-down economics works. Today I heard President Biden and his stupid 'middle- out', 'bottom -up' mentality that hates the 'top -down' but yet he's getting money from Ukraine illegally so he's getting money from the top down and not paying his fair share in income taxes.

10. I am a Union man. It's really ironic that President Biden is supporting the United Auto Workers Union but yet his fanatical mentality of wanting to go all green is going to cost 30 to 40% of the Auto Workers their jobs in the next 5 years.

Larry Kudlow is on Sirius XM Radio at 1400 to 1500 Mountain Time. He is also on the Fox Business Channel at the same time. I heard his Frank discussion today on how much of a freaking liar President Biden is. President Biden is the bottomless Pinocchio liar and the Prime Minister Chamberlain of the modern era that makes America look bad and leads from the rear.