After the Dow Jones industrials plunged 832 points on Wednesday, Larry Kudlow, President Trump’s chief economic adviser, walked up the White House driveway and proclaimed that there was no cause for concern. Not about the stock market, or turmoil in China’s economy, or American casualties of Trump’s trade fights, or the president’s attempt to bully the Federal Reserve into an easy-money stance.
“Our economy and the people and the workers and entrepreneurs, they’re killing it. We’re the hottest in the world,” Kudlow proclaimed in front of the CNBC camera. “We’re crushing it right now, and I think that’s going to continue regardless of China.”
Kudlow, standing outside the West Wing, offered versions of this happy talk — “I don’t think this is anything resembling a sugar high . . . America is on a tear” — to any other reporter who would listen.