{"id":267508,"date":"2018-03-14T13:00:00","date_gmt":"2018-03-14T17:00:00","guid":{"rendered":"https:\/\/admin.rushlimbaugh.com\/?p=267508"},"modified":"2018-03-15T16:07:00","modified_gmt":"2018-03-15T20:07:00","slug":"cnn-disses-larry-kudlow-as-tv-personality","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2018\/03\/14\/cnn-disses-larry-kudlow-as-tv-personality\/","title":{"rendered":"CNN Disses Larry Kudlow as \u201cTV Personality\u201d"},"content":{"rendered":"<p>RUSH: So this is funny. So Trump has finally selected Larry Kudlow to become chairman of the national Council of Economic advisers. He\u2019s replacing Gary Cohn, who was too much a globalist and was asked to go back to Goldman Sachs or somewhere. So CNN is announcing this by saying, &#8220;Trump Taps TV Personality as New Economic Adviser.&#8221; Hee-hee-hee-hee-hee. Now, for those of you that don\u2019t know, Larry Kudlow is a veteran of the markets.<\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-267516\" src=\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2018\/03\/APP-031418-Kudlow-CNN.jpg\" alt=\"\" width=\"640\" height=\"360\" srcset=\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2018\/03\/APP-031418-Kudlow-CNN.jpg 640w, https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2018\/03\/APP-031418-Kudlow-CNN-300x169.jpg 300w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/>Larry Kudlow was a star at Bear Stearns, and he was heavily involved in policymaking in the Reagan years. He\u2019s been around a long, long time, and I must&#8230; For those of you who have been around long enough, this goes back to the early nineties. If you\u2019ve been here long enough that you remember my detailed explanation of baseline budgeting and how it works, it was Larry Kudlow who explained it to me one night in New York over dinner, and, until that time, I had no idea what baseline budgeting even was.<\/p>\n<p>I didn\u2019t even know it existed. I thought the federal budget was like any other budget. You figure out what you spent. Do you need that much or more the next year? If you didn\u2019t spend as much as was allocated, you cut the budget the next year. I found out it doesn\u2019t work that way at all, that the current services baseline, whatever is spent in a given year, becomes the baseline upon which guaranteed increases happen every year. And the more you can add to the current services baseline &#8212; like Obama\u2019s stimulus package added to the current services baseline &#8212; it\u2019s how the budget never gets cut.<\/p>\n<p><img loading=\"lazy\" class=\"alignright size-medium wp-image-267521\" src=\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2018\/03\/Rush-Baseline-Budgeting-300x187.jpg\" alt=\"\" width=\"300\" height=\"187\">It\u2019s enacted into law that the budget must grow minimum 5 to 7% every year no matter if you do nothing, and Kudlow spent an hour explaining this to me. He is no slouch, and CNN\u2019s trying to put him down by writing (laughing), &#8220;Trump Taps TV Personality as New Economic Adviser.&#8221; For crying out loud, you know, Tim Russert used to work for a member of Congress. All these guys in media have worked for members of Congress or senator. Chris Matthews was the chief of staff to Thomas P. &#8220;Tip&#8221; O\u2019Neill Jr. when he was Speaker of the House.<\/p>\n<p>But now Trump is tapping a &#8220;TV personality.&#8221; It\u2019s supposed to be an insult to Kudlow. The one interesting thing is that Kudlow came out against Trump\u2019s tariffs when he announced them, and that\u2019s in line with what Kudlow\u2019s ideological economic beliefs are. But he\u2019s a good guy. He\u2019s been on CNBC for quite a while. But he spent a lot of time in the gutter, in the economics gutter. He spent a lot of time in the economics real world, and has that experience.<\/p>\n<p>And why should being on TV be a disqualifier? Does that mean we shouldn\u2019t be watching anybody on TV who is an economics reporter because they\u2019re just a &#8220;TV personality&#8221; and we therefore really shouldn\u2019t be listening in? So CNN, you throwing Christine Romans under the bus? She\u2019s your economics reporter. &#8220;Trump taps TV personality&#8230;&#8221; Hey, it\u2019s better than tapping somebody from the swamp.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RUSH: Larry Kudlow was a star at Bear Stearns, and he was heavily involved in policymaking in the Reagan years. <\/p>\n","protected":false},"author":49,"featured_media":267516,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[12,1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CNN Disses Larry Kudlow as \u201cTV Personality\u201d - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/03\/14\/cnn-disses-larry-kudlow-as-tv-personality\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"CNN Disses Larry Kudlow as \u201cTV Personality\u201d - 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