Kudlow: $6.2 Trillion Relief Package Is on the Books, 175 Million People Will Get Direct Checks

‘I do think we will see a strong economic recovery when this has played itself out’

RUSH EXCERPT:

KUDLOW: “Is it a depression Larry, I have Morgan Stanley coming out saying week contract 38% on an annual basis but that’s extraordinary. Annual icing quarterly numbers in this case I think, because this will not last a year, is the wrong approach. I will lead them to whatever their views are. My point is that the virus itself and the steps we’ve taken to mitigate the virus have interrupted a very strong business prosperity, a very strong Jobs prosperity, and the whole economy is suffering, and I do not think it’s going to get any better in the weeks immediately ahead. I do think however this will prove to be temporary, that over the next 4 - 8 weeks or so, I say that perhaps with hope and optimism and some prayer, that’s what the Hell people are suggesting, it’s not going to last the rest of the year. I do believe that we are taking steps to deal with this. We’ve got a six-point to trillion dollars assistance package on the books to help Americans keep their job and their family and their small to medium business. This will not last throughout the year end I do think we will see a strong economic recovery when this has played itself out.”

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