Wednesday, August 8, 2018

Inside Trump's Dinner With Business Leaders



President Donald Trump hosted a dinner with business CEOs last night at his club in Bedminster, New Jersey. It appears he spent most of the evening boasting of all the great economic news as though we are in the boom phase of the Federal Reserve-created boom-bust cycle because of his policies.

The president’s economic advisor, Larry Kudlow, was there and predicted: “four percent growth, sir, as far as the eye can see.”

“Four? Larry!” Trump jokingly chided Kudlow, reports Breitbart. “We’re gonna do better than four.”

There was no indication he plans to take the blame when the inevitable downturn occurs.

He also spent a significant amount of time boasting about his mercantilist trade policies, especially his tariffs.

“Some of you probably love them and a couple of you probably don’t because you’re on the wrong side of the border,” Trump said. “But if you’re from this country, you’re loving what’s happening.”

And that was pretty much his public talking points. No doubt there were private crony discussions with his long-time pals Harold Hamm and Richard LeFrak.

Hamm's stock has done quite well under Trump.



-RW