NEC Director Larry Kudlow calls General Motors layoffs a “great disappointment,” adding, “We’re going to be looking at certain subsidies regarding electric cars and others.” https://abcn.ws/2E1763Y
EconomicPolicyJournal.com: Trump May Back Into a Sound Economic Policy (Will Kudlow Be Able to Keep a Straight Face)
Posted by M. C. on November 28, 2018
IF EVs are so great and the public can’t wait to get their hands on them, why the subsidies?
Aside from the fact they have poor performance, have limited range and a gas powered econobox is a much better investment.
http://www.economicpolicyjournal.com/2018/11/trump-may-back-into-sound-economic.html#more
On news that General Motors is shutting five plants and cutting 14, 000 jobs, President Trump is furious.
He is so furious that he may actually back into some sound policy.
In the clip below, Trump’s top economic adviser reports that Trump is considering cutting electric car subsidies to GM.
Of course, electric car subsidies are just a form of horrific industrial policy and should never exist in the first place. So Trump may be backing into sound policy here—if he eliminates the subsidies.
It is remarkable that Kudlow can keep a straight face while presenting the president’s views. He knows what it means.
ABC News✔@ABC
–RW
MCViewPoint 
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