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Trump Taps Top Reagan Economic Adviser for White House Post

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President Donald Trump has chosen former Reagan economist Larry Kudlow to replace Gary Cohn as head of the National Economic Council.

Trump had favorable things to say about the CNBC personality before departing for California on Tuesday.

“I’ve known him a long time. We don’t agree on everything but in this case, I think that’s good. I want to have a divergent opinion,” the president said. “We agree on most.”

No Senate confirmation is required for the White House staff position.

Kudlow informally advised the president on the Republican tax reform bill, and he along with Heritage Foundation economist Stephen Moore helped draft the tax cut plan Trump released during his 2016 campaign.

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“He’s a very, very talented man – a good man,” said Trump, describing him as one of his “original backers” during his presidential run.

Kudlow served Reagan’s Office of Budget and Management in the 1980s, following a stint as a economist at New York’s Federal Reserve Bank.

During Reagan’s two terms, the economy grew a third larger (that is the size of the entire economy of Germany at the time). Unemployment dropped to under 5%, as the economy created over 19 million new jobs. Meanwhile, revenues to the Treasury doubled during his two terms, due to the tremendous economic growth.

One area of disagreement Kudlow has had with Trump is tariffs. Kudlow is a strong proponent of free trade as the means to foster strong economies.

Do you think Trump is following Reagan's economic policies?

“He now has come around to believing in tariffs as also a negotiating point,” Trump said. “I now am negotiating trade deals and without tariffs, we would not do nearly as well.”


In a radio interview on New York station which aired earlier this week, Kudlow said the president will “show great flexibility” in exempting countries from tariffs.

He quickly carved out exceptions on his 25 percent steel tariffs for Canada, Mexico and Australia, and the economist believes Europe will soon follow.

When it is all over, China may be the only one with steel tariffs imposed against it, Kudlow conjectured.

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“It’s a Trumpian way of negotiating,” the economist noted. “You knock them in the teeth and get their attention. And then you kind of work out a deal and I think that’s what he’s done.”


Kudlow added, “My hats off to him. He had me really worried. Now I’m not.”

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Randy DeSoto has written more than 2,000 articles for The Western Journal since he joined the company in 2015. He is a graduate of West Point and Regent University School of Law. He is the author of the book "We Hold These Truths" and screenwriter of the political documentary "I Want Your Money."
Randy DeSoto is the senior staff writer for The Western Journal. He wrote and was the assistant producer of the documentary film "I Want Your Money" about the perils of Big Government, comparing the presidencies of Ronald Reagan and Barack Obama. Randy is the author of the book "We Hold These Truths," which addresses how leaders have appealed to beliefs found in the Declaration of Independence at defining moments in our nation's history. He has been published in several political sites and newspapers.

Randy graduated from the United States Military Academy at West Point with a BS in political science and Regent University School of Law with a juris doctorate.
Birthplace
Harrisburg, Pennsylvania
Nationality
American
Honors/Awards
Graduated dean's list from West Point
Education
United States Military Academy at West Point, Regent University School of Law
Books Written
We Hold These Truths
Professional Memberships
Virginia and Pennsylvania state bars
Location
Phoenix, Arizona
Languages Spoken
English
Topics of Expertise
Politics, Entertainment, Faith




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