Stephen Moore, chief economist at the Heritage Foundation and an adviser to Trump, told a Lansing, Mich., business group Thursday that Kudlow would be named to the post, though Moore later added that the nomination “isn’t a done deal,” according to the Detroit News. A person close to the transition told The Post that Trump is trying to find a space for Kudlow, a Trump friend and loyal adviser during the campaign, in an economic advisory role.
If selected, Kudlow would mark another unorthodox pick for Trump. Under both Republican and Democratic presidents, the council has provided expert economic advice to the president and attracts a staff of top-flight young economists. But Kudlow lacks a graduate or undergraduate degree in economics and has not written scholarly papers on the subject.
A fervent supporter of deep tax cuts, Kudlow is a senior contributor at CNBC and former host of the cable channel’s prime-time “The Kudlow Report.” While continuing with his broadcasts, he informally advised Trump during the campaign. Like Moore, Kudlow disagrees with Trump about trade and opposes protectionism, but shares the president-elect’s desire to slash tax rates for businesses.
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In recent years, he has become a popular figure on television, but his record as an economic forecaster is full of potholes.
Less than nine months before the economic crisis hit in 2008, Kudlow wrote in the National Review: “There’s no recession coming. The pessimistas were wrong. It’s not going to happen. At a bare minimum, we are looking at Goldilocks 2.0. (And that’s a minimum). Goldilocks is alive and well. The Bush boom is alive and well. . . . Yes, it’s still the greatest story never told.”
Earlier, in 2005, he made fun of people worried about inflated housing prices, calling them “bubbleheads.”
Obviously Trump places loyalty above all else.