Trump’s New Economic Adviser Is Forecasting ‘Biggest Investment Boom In Probably 30 To 40 Years’

By
Lawrence Richard
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President Trump’s new economic advisor Larry Kudlow believes the United States is expected to soon see a tremendous economic boom.

Tapped on Thursday to the advising post, Kudlow said the tax cut law is beginning to draw more businesses to invest and the country could see the “biggest investment boom in probably 30 to 40 years.”

Per Washington Examiner:

Larry Kudlow, picked to be President Trump’s new economic adviser, has privately told the White House that the nation’s economy is on the verge of 4 percent to 5 percent growth, or more than double the last decade.

In a recent gathering with Trump, he said that many firms held back investing until the tax reform package passed and “some of that is already showing up.”

What’s more, he told the president, “We’re on the front end of the biggest investment boom in probably 30 to 40 years.” The president responded, “Well, I couldn’t have said it any better.”

In a tweet, President Trump announced confirmed rumors that Kudlow would be the new economic advisor.

“Larry Kudlow will be my Chief Economic Advisor as Director of the National Economic Council,” Trump tweeted. “Our Country will have many years of Great Economic & Financial Success, with low taxes, unparalleled innovation, fair trade and an ever expanding labor force leading the way!”

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The decision was widely celebrated by members of the Trump administration, lawmakers in Congress, and Kudlow’s colleagues in the media.

“I am delighted to have Larry Kudlow join @realdonaldtrump’s economic team. Together we will ensure the continued success of our economy,” Treasury Secretary Steven Mnuchin tweeted.

“Congratulations @larry_kudlow on being named Chief Economic Advisor,” Ivanka Trump said in a tweet. “Your advice was instrumental on the campaign & later during tax reform. Now, we welcome you to the White House! You will undoubtedly help POTUS grow the economy and create jobs & opportunity for all Americans!”

“[email protected]’ pick for National Economic Council, Larry Kudlow, is a warrior for pro-growth economics, and widely respected for his expertise in fiscal policy. I look forward to continued engagement with the White House team that will benefit from his insight,” Senate Majority Leader Mitch McConnell tweeted.

“I’ve known @larry_kudlow for a long time and he is a great pick for this job. His views and work on tax policy and economic growth will serve @realDonaldTrump and America well. I support this choice enthusiastically,” tweeted Republican Senator Rand Paul.

Republican Congressman Steve King tweeted, “Trump’s top economic advisor is now the excellent @Larry_Kudlow who will direct our free enterprise economy through a long period of sustained growth. Congratulations to America!”

“Larry Kudlow is a good man. Case closed. He’s good professionally and he’s a fine man personally, and I’ve known him for all of these years. He stands for growth. Cut taxes, grow the economy, return to prosperity,” said Stuart Varney, host of “Varney & Co.”

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