Thursday, March 15, 2018

KUDOS FOR LARRY KUDLOW BUT WE CANNOT RUSH TO WAR WITH RUSSIA


I was pleasantly surprised to see that President Trump has opted to make Larry Kudlow his top economic advisor.

I've listened to Kudlow over the years and seen some of him on television and he seems to me to be a very level headed guy.

He isn't too swallowed up in hysteria or conspiratorial thinking or way out ideas.

Larry may be a "Wall Street Journal" insider, I admit.

But what I appreciate about him most memorably is his performance as a CNBC host back in February of 2010 when Tiger Woods held a news conference to apologize for his behavior and described himself as an addict when it came to sex.

Larry's ability to use phrases like "One Day At A Time" to describe Tiger's future path, a phrase associated with recovery from addiction and intoxication, was masterful.

The economic conditions in the world over the last decade have been very difficult to say the least, the worst since the 1930's and the challenges are enormous.

President Trump's move last week to impose tariffs reflects just how serious conditions are in the USA today and lets hope Larry Kudlow can bring some common sense into the room.

Regardless of the political propaganda, my sense is that the economy is lagging with wage stagnation.

My big corporation employer gave me a bonus and pay raise, but then turned around and cut my hours.

I see people around me in similar straights.

If you remember history, you will remember what came out of those terrible economic conditions of the 1930's, a horrible world war.

And that is where we must go next.

There was Great Britain under attack and increasing sympathy and support from the USA.  Then finally the USA entering World War II

Then after it was all said and done the United States emerged economically supreme and  Great Britain was diminished after expensive bills for two world wars over a 30 year period.

And where is the United States nowadays anyway some 20 trillion dollars in the hole with a national debt held by nations like China and Japan whose leaders got the special treatment from President Trump at Mar-a-Lago last year.

President Trump also traveled to Saudi Arabia, doing the sword dance with its leaders, and getting promises that Saudi dollars would be invested in America's infrastructure and America's defense industry through purchases of weapons.

Saudi Arabia has been financing Al Qaeda jihadists fighting in Syria against that country's government, backed by Iran and Russia.

As Peter Hitchens pointed out in his February 25th column:

"the 'rebels' and 'activists' in the suburbs of Damascus are the people we used to call Al Qaeda. That is they are the ones who blew up the Twin Towers.  But Al Qaeda has now got some very good spin doctors, and they're trying to spin you"


Part of that spin has been the notion of chemical weapons attacks on civilians in Syria.  The propaganda rolled out last year was repeated verbatim by US UN Ambassador Nikki  Haley leading to a US cruise missile attack against a Syrian airbase.

But its hard to convince people to care about something going on in a distant land but what about something in a country much nearer like the United Kingdom.

We now have a similar narrative there from Prime Minister Theresa May and the direct blame being put on Russia's government with President Donald Trump backing her up.

And what comes next and who benefits from a conflict between the US, UK, EU etc. and Russia and who comes out holding the best economic position in the world after all that.

China's new ruler for life President Xi sees China on its way to being the greatest nation in the world in 30 years and if we keep going down the path we appear to be going with Russia Xi's vision could be realized even sooner.

Its great to see Larry Kudlow in Washington but with all this other stuff on the table, his presence may be irrelevant in the face of the increasing likelihood of another costly war in the aftermath of 9/11.

But this time the USA will be allied with the jihadist perpetrators of that terrorist outrage fighting Russia in Syria.






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