Larry Kudlow | All Articles

Larry Kudlow
Larry Kudlow
Senior Contributor, CNBC

Lower Oil Prices Are Unambiguously Good

A crude oil train sits parked outside the Philadelphia Energy Solutions refinery owned by the Carlyle Group in south Philadelphia March 20, 2014. (REUTERS/David M. Parrott)

Steep stock market corrections often create shrouds of pessimism that do bad things to people’s brainpower. And one of the absolutely stupidest things I have heard in recent weeks is that the recent drop in oil prices is bad. You heard me right. Serious people on financial television are saying lower oil prices are a signal of worldwide economic collapse. Here at home that translates to recession, deflation, a profits collapse, and rising unemployment.

How About A Little Optimism?

10:02 AM 10/11/2014

So President Obama gives a major economics speech towards the end of last week, and the next week stocks get clobbered. It was the worst correction in many months. There’s probably no direct cause and effect here. But it’s worth noting that the president has been speaking out of all sides of his mouth during the market volatility.

None Can Call It Treason: RFK Jr.’s Absurd Attack On The Kochs

11:02 AM 10/01/2014

A couple of weeks ago at New York’s Metropolitan Museum of Art, several hundred people went to their feet to applaud a speech delivered by David H. Koch. The occasion was the opening of the Met’s new façade on Fifth Avenue. It runs four city blocks, and is complete with new fountains, paving, lighting, landscaping, and seating areas for visitors. Mr. Koch contributed the entire $65 million cost of the project, which took years to complete.

Support Obama’s New ISIS Plan

7:55 PM 09/11/2014

I know he’s made a million mistakes. And I have opposed nearly all his domestic and international policies. But after watching Obama’s intense ISIS speech Wednesday night, and reading the text several times, I think the president basically -- finally -- got it right.

The Obama Bank Shakedown

5:32 PM 08/22/2014

The $16.65 billion settlement by Bank of America over financial-crisis-era mortgage securities "highlights a pattern of the government extorting the banks," Dick Kovacevich said on CNBC this week. (Italics mine.) Kovacevich is the former Wells Fargo chairman and CEO. I've known him for years. He ran a great bank. He kept Wells Fargo clean during the credit meltdown. And unusual for a big-bank CEO, he strongly supports free-market principles.

Governor Perry Still Looks Strong

4:20 PM 08/18/2014

The so-called "abuse of power" indictment of Texas governor Rick Perry is not only not going to hurt him in the 2016 GOP sweepstakes, it might actually help him. I say that because Perry immediately fired back at the charges with no hesitation, labeling the indictment the partisan political ploy that it really is. And in terms of threatening to veto legislation that would have funded the state's Public Integrity Unit, run by Travis County district attorney Rosemary Lehmberg, Perry held his Texas constitutional ground. In a number of TV appearances, Perry not only said that he was legally authorized to defund the DA, but that he would do it all over again if he had the chance.

Where Is The GOP’s Better Deal?

6:30 PM 08/01/2014

Businesses created over 200,000 new jobs for the sixth straight month. Second-quarter GDP rebounded by 4 percent from the winter-weather doldrums. And the ISM manufacturing report exceeded all expectations, with big gains in new orders and employment.

Under the Good Jobs-Report Hood

5:32 PM 07/03/2014

Good news for the American worker: Employment in June surged 288,000, with a 262,000 gain in the private sector, easily beating the consensus forecast of 215,000 new payrolls. This marks the fifth consecutive monthly increase of 200,000 or more jobs, the best five-month stretch since early 2006. As for the unemployment rate, it dropped from 6.3 to 6.1 percent.

GOP: Just Say No to Ex-Im

4:35 PM 06/27/2014

Why in the world would Congress want to reauthorize the Export-Import Bank? Known as "Bank of Boeing," Ex-Im is the perfect example of corporate welfare, crony capitalism, fraud, and corruption.

Steve Scalise, A Rising Conservative Star

5:32 PM 06/20/2014

"Reinvigorating the leadership" is how one senior House staffer described the ascendency of Steve Scalise, the Louisiana Republican who won a first-ballot victory for the position of GOP whip. The staffer went on to portray Scalise as not a member of the Washington establishment. Indeed, Scalise is a former chair of the Republican Study Committee (RSC), the conservative caucus in the U.S. House. He has had a meteoric rise, and he is someone to be reckoned with.

Dave Brat, Right On Free-Market Economics

4:18 PM 06/11/2014

Listening to David Brat on election night, following his upset win over Eric Cantor in Virginia's seventh congressional district, I heard a principled, free-market, pro-growth individual who is going to make an excellent Republican House member.

Reclaiming Reagan’s Economic Voice

5:17 PM 06/06/2014

Despite a shrinking economy in the first quarter, and outright declines for consumer spending and manufacturing in April, the May jobs report delivered the fourth-straight monthly gain above 200,000, with nonfarm payrolls jumping 217,000. This is the best four-month increase since late 1999. And finally -- after five years -- total U.S. payrolls rose above the previous employment peak set in January 2008. (On the tenth anniversary of Ronald Reagan's death, it's worth noting that the Gipper's supply-side policies reclaimed all the lost jobs from the 1981-82 recession in a matter of months.) As for the unemployment rate, it held steady at 6.3 percent. And the underemployment rate (U-6) dropped a tenth to 12.2 percent.