Larry Kudlow: Biden should rethink view America supports spending plan

Kudlow: Biden should rethink view that America supports spending plan

‘Kudlow’ host Larry Kudlow reviews polls suggesting voters disagree with the president’s economic intentions. 

So President Biden out in Michigan yesterday basically argued that opposing his reckless spending, big government, socialist plan will lead to America decline. 

And of course, he has frequently argued in the past that he has tremendous support for his program, even arguing that Republicans outside of Congress are big supporters of his plan. Remember all that? He used to say that all the time… 

Well, with all respect, Mr. President, virtually every poll now shows that American voters disagree with you. You might want to think about these numbers.

From Trafalgar, 71% percent of Americans say they won't support Biden's $3.5 trillion reconciliation package if it increases their taxes. 

KUDLOW EXPOSES BIDEN'S ‘FIBS’ SURROUNDING DEBT CEILING, GOVERNMENT SPENDING

The Morning Consult poll shows 52% oppose making child tax credits permanent. Only 35% support. And in the same poll, 52% disapprove of Biden's handling of the economy. Only 40% approve. 

In the recent Gallup poll, 54% believe Republicans will do better, keeping America safe from foreign threats. Only 39% say Democrats will. In the same poll, 50% believe Republicans will keep America more prosperous. Only 41% think Democrats will. 

Economist calls debt ceiling battle ‘political theater’ as deadline looms

Former White House Chief Economist Joseph Lavorgna and BNY Mellon Wealth Management Head of Equities Alicia Levine discuss the debt ceiling battle, jobs added in September and the impact of minimum wage.

And a recent Tipp poll shows that 51% of Americans support cutting spending to stop inflation. Cutting spending. Also from a Tipp poll, 51% of independents oppose Biden's reconciliation plan. 

And today's Quinnipiac poll shows 54% of Americans disapprove of Biden's position on taxes –disapprove. In the same poll, 55% of Americans think the Biden administration is not competent. 58% disapprove of his job as commander in chief. 67% disapprove of the situation at the Mexican border, and 58% disapprove of his handling of foreign policy. 

And then in the generic congressional vote, again, from Quinnipiac, Republicans are up three points over Democrats, which is remarkable, probably means they're up 10 points. 

So, Mr. President, you might want to rethink your view that the country is in full-throated support of you. Your management skills and your policies are not popular.

GET FOX BUSINESS ON THE GO BY CLICKING HERE 

Now, I don't believe in governing by poll. Never have. But when you see a whole bunch of them, including at least one conservative-leaning poll, but most of the usual liberal-leaning polls saying the same thing, you kind of have to think there's a disconnect between you and voter support. 

Basically, voters saying inflation is the no. 1 problem on the economy, and very few people want to spend another six trillion dollars, or if you're worried about 11 million unfilled jobs and concerns about the blue-collar middle class where real wages are falling, not to speak of global competitiveness problems, especially with China, you wouldn't really want to raise business taxes, capital gains, investment taxes, estate taxes or individual taxes, especially since that would leave China with lower tax rates than the US. 

Kudlow: Biden’s assertion on debt ceiling ‘totally, utterly incorrect’

‘Kudlow’ host Larry Kudlow highlights the president’s ‘fibs’ surrounding future spending.

This is not good. Basically, sir, to quote Abe Lincoln, I think this came from Lincoln, "you can fool all the people some of the time and some of the people all of the time. But you cannot fool all the people, all the time." It's a wonderful quote. It's very appropriate, and I choose to believe that Abe Lincoln said it. 

So with gasoline and oil prices going up and up, you really wouldn't want to shut down America's world no. 1 fossil fuel industry and then go begging on your hands and knees to Saudi Arabia and Russia, now would you? 

Or with natural gas prices soaring, you really wouldn't want to have a Green New Deal that will shut down nat gas and therefore jack up prices on home heating fuel, which is so essential to America's middle class. 

CLICK HERE TO READ MORE ON FOX BUSINESS

And finally, it's really American common sense that big government, socialist planning and welfare dependency — with no means-tested entitlements, no time limits, no workfare or education requirements — that all that's going to strengthen the morale of American workers and families. Without work, there's no opportunity to climb the ladder of success. 

So I would just say, Mr. President, you've got some serious rethinking to do here. The unpopularity of your policies is staggering. 

And it's not about complex economic models or mere academic debates, it's just good, old-fashioned common sense. Americans know a phony when they see one. And to the Americans, I say save America. Kill the bill.

Source: Read Full Article