Trump appointed Larry Kudlow to succeed Cohn. So not the Mad Money guy, but they
used to co-host a show called Kudlow & Cramer. Then they both got their owns shows.
Kudlow has a degree in history, not economics; he studied economics and Princeton but never got a degree. He's famous for his
consistently wrong predictions. In 1993, he predicted that Clinton's tax increases will "depress the economy’s long-run potential to grow." An economic boom followed instead. He denied that there's a housing bubble in 2005. Perhaps most infamously, he
wrote in December 2007: "There is no recession. Despite all the doom and gloom from the economic pessimistas, the resilient U.S economy continues moving ahead’”quarter after quarter, year after year’”defying dire forecasts and delivering positive growth. In fact, we are about to enter the seventh consecutive year of the Bush boom." In February 2008, he
wrote: "I’m going to bet that the economy will be rebounding sometime this summer, if not sooner. We are in a slow patch. That’s all. It’s nothing to get up in arms about."
One would think that missing the biggest economic crisis since the Great Depression would be enough to disqualify him even from punditry, let alone becoming the president's chief economic adviser. But Kudlow has been a consistent supporter of tax cuts, and apparently that's all that matters.
As far as we can discern, the sole purpose of human existence is to kindle a light in the darkness of mere being.
--Carl Jung