Larry Kudlow, the Fox Business host and former Director of the National Economic Council under Trump, touted former British Prime Minister Liz Truss’ economic plan less than a month ago, on a clip that has resurfaced, hilariously, thanks to Twitter. It can be viewed below.
“The U.S. midterm elections cavalry arrived early in London. What do I mean by that?”Kudlow comments in the Fox Business video. “Well, the new British prime minister, Liz Truss, has laid out a terrific supply-side economic growth plan which looks a lot like the basic thrust of Kevin McCarthy’s Commitment to America plan.”
Kudlow continues to heap praise on Truss “slashing tax rates and deregulating energy.”
“I just love it,”Kudlow laughed before suggesting that “liberal business media”Was wrong in “trashing her plan.”Kudlow’s comments are at the end (shared by MeidasTouch). “Truss has it exactly right.”
Truss, however, has left office after 44 days. Her tenure as Prime Minister was the shortest ever in British history. Her economic plan, which would have greatly benefitted England’s wealthy, was upended when the new finance minister reversed nearly all of her planned tax cuts. As The New York Times reportedThe move “swept away a free-market fiscal agenda that had plunged the country into economic and political turmoil.” And indeed, the pound’s standing had dropped precipitously. The pound gained slightly after her resignation announcement.
“While the change brings a firm end to Ms. Truss’s tax-cutting economic agenda, it introduces even more political instability to Britain at a time when households and businesses are grappling with a cost-of-living crisis,”The New York Times reported.
With the “Benny Hill” music cued, conservatives are scrambling to replace Truss, as it appears she didn’t have things “exactly right,”Kudlow recommended it.
