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Wednesday, December 1, 2021

Larry Kudlow: Financial message on provide chain is ‘classic Jimmy Carter’

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Prime GOP Home leaders and 160 lawmakers known as on President Biden Wednesday to repair the U.S. “supply chain crisis” or face a doomed vacation season. Larry Kudlow, the Fox Enterprise host and former financial adviser to President Trump, joined “The Ingraham Angle” on Wednesday night time to debate the problem.

HOUSE GOP LEADERSHIP SLAMS BIDEN OVER SUPPLY CHAIN ISSUE BEFORE HOLIDAYS

LARRY KUDLOW: “A part of that’s…there are not any automobiles to purchase. So shopper spending seems to be very weak. It’s actually not, however there’s no automobiles to purchase due to these container backups… as a result of all of them have semiconductors that these automobiles want. So you possibly can’t produce them, they usually’re not within the showrooms. The second level is the inflation bulge. Whether or not it is short-term or everlasting, it doesn’t matter…it’s. It exists at present and we’re solely making it worse by creating this financial shortage… this atmosphere of shortage. You understand, these individuals within the Washington Publish who’re writing these items, ‘Hey, pay attention, solely rich individuals…have persistence, you don’t actually need all these shopper items,’ that’s classic Jimmy Carter.”

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