US

No reason for more federal spending after dismal jobs report

No reason for more federal spending after dismal jobs report

There is no reason for any more government spending after the U.S. economy added just 266,000 jobs in April, former top Trump economic adviser Larry Kudlow warned Friday.

“There is no crisis. There is no health care crisis. Thanks to Trump, there is no COVID crisis,” Kudlow, a Fox Business Network host and the former National Economic Council director, told Fox News’ “The Ingraham Angle.”

“Thanks to Trump, we have low taxes and regulations,” he added. “There is no house on fire. The economy is not crashing. Global warming is not an existential threat . . . There are no crises to justify $6 trillion in spending.”

President Biden responded to the disappointing jobs report by insisting that “we’re on the right track” but “still have a long way to go.” On Capitol Hill, House Speaker Nancy Pelosi (D-Calif.), used the report to call for the passage of Biden’s $4.1 trillion American Jobs and Families Plan to complement the $1.9 trillion American Rescue Plan.

The president also cast blame Trump’s way, claiming the new administration had “inherited a year of profound economic crisis and mismanagement on the virus.”

“The recovery started last summer. That’s a fact, OK?” Kudlow responded. “Operation Warp Speed created the vaccines and got it out with a distribution plan, and now business is opening, and we are now recovering strongly.

“Biden can blame whoever he wants to blame. The public sees right through it. It’s phony baloney,” he went on. “There’s no logic, or facts, to defend Biden’s assertions, and I think that’s important.”

Republicans and business groups have called on the administration to scrap an extra $300-per-week federal jobless benefit currently in place through Labor Day, which they say discourages the unemployed from finding work,

About the author

James Thompson

James Thompson has worked in various news organizations and now aims to make Report Door one of the best and fastest growing news websites in the U.S. He contributes to the US and World sections.

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