As #TrumpRecession trends on Twitter and the liberal media panic over a “coming economic meltdown,” economist Art Laffer took a different view. The former economic adviser to President Ronald Reagan told Fox News that he wasn’t currently worried. “I’m not at, right now, concerned about a recession,” Laffer told America’s Newsroom. “We have great policies in. This administration has done a great job on taxes, on monetary policy, on regulatory policy.”
President Donald Trump infuriated the left again on June 19, when he awarded supply-side economist Arthur Laffer the Presidential Medal of Freedom. The left’s reaction was predictably vicious. An MSNBC analyst called Laffer one of the most “destructive forces” in economics since Herbert Hoover. New York Magazine writer Jonathan Chait minced no words about his anger over Laffer’s award ceremony, calling him a “kook” elevated to “metaphysical status” within the Republican Party. He ridiculed Laffer’s theory as “provably untrue” and based on a “fake curve.”
Several conservative economic thinkers including CNBC's Larry Kudlow and media magnate Steve Forbes recently formed the Committee to Unleash American Prosperity in an effort to persuade aspiring presidents to focus on “the paramount challenge facing our country: slow growth and stagnant incomes.”
Three economists in the group explained their goals in a March 3, Investor's Business Daily op-ed.
Bill Maher is either a blithering idiot, a pathological liar, or both.
On HBO's Real Time Friday, the factually-challenged financier of Barack Obama actually had the gall to say the President didn't support the recommendations of his National Commission on Fiscal Responsibility and Reform (aka Simpson-Bowles) because - wait for it! - Republicans didn't support it (video follows with transcript and commentary):