On Tuesday afternoon, Rich Lowry spoke with Larry Kudlow on an exclusive, NRPLUS members-only conference call.
The two discussed the current state of the economy, inflation, climate spending, the bond market and investments, and the ongoing attack on religious freedom and American values.
Kudlow began the call by sharing his expert opinion on the flailing U.S. economy, the inflation plaguing American families, and what the Federal Reserve might attempt to reduce inflation to the two-percent target rate.
The pair discussed the recently passed Inflation Reduction Act, which Kudlow explained will almost surely increase inflation, worsen recession, and damage the oil and natural gas industry. He calls this and the other recent overspending initiatives the Democrat’s “last hurrah” before the “cavalry” comes to take back the House and potentially the Senate – a nod to Republicans likely reclaiming the majority in the upcoming midterm elections.
Kudlow explained that the solution to America’s economic woes include budget reform, deregulation, flat-tax reform, reopening the fossil fuel sector, and most importantly, reducing federal spending.
Throughout the call, Kudlow answered questions submitted by NRPLUS members. In response to a question about the chip shortage and outsourcing production to places like Taiwan, Kudlow said the U.S. is still the world leader in advanced-design chips as “China is falling behind.”
Kudlow also emphasized that conservatives must continue to fight the culture wars occurring in our communities and institutions. “We cannot have a great America for the next 100 years without a religious base,” he said. He concluded the event by reminding Members that the American people cannot allow the woke Left to continue its attack on the values we hold dear.
As always, we thank everyone who joined the call and look forward to seeing you on the next one.