Kudlow made reference to the surprise May jobs report being due to around three million temporary unemployed returning to work, and looked ahead to a potential situation if President Trump did not win re-election in November.
“If he doesn’t win re-election, and Joe Biden wins, while continuing his path to the left… Given the policies he has discussed, the stock market will be slammed and the economic recovery post-pandemic will not pan out.
“I think you will have a very clear contrast between growth policies from President Trump and, frankly, recessionary policies from Vice-President Biden.”
Fox News does not hide its right-bearing political viewpoint and is one of the few media organisations that is in Donald Trump’s good books. One of the reasons why Republicans are opposed to a second round of stimulus payments is that they consider them to be too broad-based and poorly targeted. The May unemployment report has strengthened their resolve to focus on more targeted legislation. Senate Majority Leader Mitch McConnell told President Trump last week that the next relief bill must be “narrowly focused.”
