The tag line for the broker's old TV ad was, "When E.F. Hutton talks, people listen."
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| "Am I finally famous?" |
A Jewish Democrat in his youth, he took a hard right turn after college and wound up working for the OMB in the Reagan White House. He's an unreconstructed "supply-sider," still stupidly insisting decades later that the debunked "trickle-down" economic theory is bound to work one of these days. (All we gotta do is keep throwing huge tax cuts at the wealthy.)
Kudlow joined the Wall Street private sector in the late 1980's -- the Gordon Gecko era of lecherous excess. He developed a massive cocaine and alcohol habit, at one point dropping $100,000 a month on tootskie. Eventually, his drug habit cost him his job at Bear Stearns. He was also fired from the National Review for the same reason. (He'll now be advising our ADHD Stable Genius on really smart things to do with money.)
After his late 1990's rehab, he rejected his Jewish faith and became a born-again conservative Christian, joining a rigid Catholic Opus Dei group with rumored ties to fascism. This new lifestyle led Kudlow to refashion himself as the Voice of Ultra-Right-Wing Economic Media and gain the imprimatur of Dolt 45, which he clearly craved.
His appointment to Trump's Mad House is a redemptive moment for him. But the thing about Larry is that, economy-wise, he's never been right about anything. From Laffer Curve/trickle-down nonsense, to dismissing warning signs of the Great Crash of 2008, to predicting Obama would cause runaway inflation, to flip-flopping on trade tariffs, Kudlow's been wrong every time.
When Larry Kudlow talks, nobody listens.
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