Millionaire Larry Kudlow, Whose Wife Received a PPP Loan, Urges “Targeted Funding” of COVID-19 Stimulus
In April of 2020, ABC News reported that the wife of Fox Business host Larry Kudlow, a former director at the United States National Economic Council who served as a White House economic adviser to ousted President Donald Trump, received a Paycheck Protection Program loan through the Small Business Administration, thanks to last year’s CARES Act.
Kudlow, ABC pointed out, has a net worth of $2 million. His wife, Judith, sells custom artwork.
Kudlow, whose personal assets are reportedly valued at a maximum net worth of $2 million, touted how simple it was for his wife to take out a loan for her business under the Small Business Administration loan program. https://t.co/d974y3p087
— ABC News (@ABC) April 15, 2020
But on Monday, Kudlow blasted President Joe Biden’s proposed COVID-19 stimulus package, claiming that the funding was not targeted enough.
“We don’t even know how much money has been spent or not spent from the prior packages. That’s the odd thing about this there is no accounting, I’ve seen no numbers. I’ve been checking around with all my contacts,” Kudlow declared. “From the March CARES bill that was repurposed in December, we don’t know what’s gone to the PPP, small businesses initiative. We don’t know how much is out the door on the unemployment assistance. We don’t know how much is gone to the states and localities.”
At the very least, we know that Kudlow’s wealthy family happily took taxpayer money (that this was allowed at all is another issue altogether).
“We should be assessing the economy before we dive into another $2 trillion package, which I must say is something of a Democratic wish list. So those are some of the biggest problems,” said Kudlow, who is a stalwart proponent of gigantic tax cuts for the rich and giant corporations.
“I want to talk about the economy by the way. We are still in a v-shaped recovery. The economy is very strong,” Kudlow proclaimed. “I read about this economic crisis. I don’t believe it and I can prove to ya that it’s not there.”
For him, perhaps, however, that is not the case for millions of jobless American workers and small businesses that no longer exist.
“I’m okay with strictly targeted funding, particularly for health, vaccinations, and school openings, okay? I’m okay with that,” Kudlow said. “I’m not okay with spending stimulus checks, sending out and spending stimulus checks, on one penny or two penny stocks, which is what’s been happening with this incredible story of GameStop and others, some of these penny stocks. That’s so silly.”
Stimulus checks can be spent however recipients choose, including investing in the stock market, the world’s largest imaginary casino.
“Any money given out should be strictly targeted to the lowest end, and I’d like to see what the prior legislation accomplishes. Let’s have an accounting,” said Kudlow.
Come on Larry, show us the receipts.
Watch below, courtesy of Crooks and Liars: