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Larry Kudlow: GDP-jump shows the trump economy at the beginning of a prosperity cycle

in the vicinityVideoGDP grows by 3.2 percent in the first three months of the year 2019

Director of the National economic Council Larry Kudlow says the trump administration’s economic policies are working and the United States in a prosperity cycle.

In response to the news that the US economy rose from 3.2 percent in the first quarter of 2019, the White House National Economic Council Director Larry Kudlow says that this “will probably continue the cycle”, if President Trump policy in place.

Calling the progress in the gross domestic product of a “blow-out number,” Kudlow told “America’s Newsroom” on Friday, that it serves as concrete proof to Trump action, to the growth of the economy have been successful.

“I’m just going to say, Trump the politics, the economy, rebuild, lower taxes, regulations, opening of energy, trade reform. You are looking to work on this stuff,” he said.

“He told me, among other things, that the prosperity, the cycle into which we entered, is the continuation, it is strong. It legs and momentum, and to be honest, it is going to go for some time,” he continued. “This is the new trump economy. Some people don’t know how, or you do not agree with that. I respect the differences, but I’ll tell you, it works.”

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Kudlow added that Trump has “ended the war” on business and success, and is the rally for the small business owners of America.

“The President is the reconstruction of the incentives, he is to restore confidence, the reconstruction of optimism,” he said. “He is basically saying you keep more of what you earn. He is basically saying to small businesses, we will cut back the paperwork and make it easier for you to start a business and be successful.”

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Kudlow said the trump administration is also working with House Speaker Nancy Pelosi and other democratic leaders is to implement cross-party deals, the continuation of GDP for the success.

“If the policies and principles remain in place-and I think you will — then I, this is the new prosperity expansion cycle, a whole bunch more years of faith,” he says.

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