The following article by Salvador Rizzo was posted on the Washington Post website April 19, 2018:
The stimulus package included tax cuts along with increased spending. (Meg Kelly/The Washington Post)
“So, look, the trouble I had with the Obama [stimulus] program was it was all spending. It was all spending and most of it was not spending for infrastructure. Most of it was spending for welfare programs and social spending. That’s not a growth prescription. It’s just spending.”
— Larry Kudlow, director of the National Economic Council, in a CNN interview, April 9, 2018
The Obama-era stimulus package pumped hundreds of billions of dollars into the U.S. economy to stave off the Great Recession. Kudlow, a former CNBC pundit, dismissed it as “all spending” that went mostly to “welfare programs and social spending.” Continue reading “Larry Kudlow’s claim that the Obama stimulus was ‘all spending’”