Kudlow: Operation Warp Speed Has Given Us a Good Economic Recovery

‘I am saying is that v-shaped recovery was well on its way’

EXCERPT:

KUDLOW: "And he actually held to that for several months, until we beat up on him so badly. Look, I think you are right. I think that Operation Warp Speed and the whole vaccination miracle is what reopened the economy and has given us a very good recovery so far, though not necessarily in the labor markets. Let me point out, we're still basically playing under Trump policies of low tax rates and deregulation. Now, they will try to repeal all that and we will see how they do. I think they'll have a hard time. But those are the incentives that President Trump put into place. And furthermore, Steve, look at the economy, okay? We had a two-month vicious contraction from the natural disaster, the pandemic, and it was horrible, get that. But the third quarter of last year was over 30 percent, the fourth quarter was over 4 percent now, the first quarter this year was over 6 percent, and the second quarter will be about 8 percent. So what I am saying is the V-shaped recovery was well on its way.“

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