Kudlow

Kim Strassell writing today in the wall street journal argues president Vance has gone AWOL. The leader of the senate could bring congress together, but he’s hawking a book. my pal ben Domenech writing in the daily wire Suggests that Mr. Vance is in desperate need of a nineties summer.

With Tomi Lauren, Charlie Hurt, Caroline Downey, John Miller, Michael Faulkender and Jonathan Turley

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Allow me to modestly redefine the reemergence of a Goldilocks economy. It used to be not too hot and not too cold. But that was Wall Street, and I was guilty of it too, suggesting limits to growth that might cause inflation. But actually, my new Goldilocks definition is rapid economic growth combined with stable or even dis-inflating prices. That is the Phillips Curve is dead. There’s no tradeoff between growth and inflation. Or between jobs and inflation.

With Douglas Holtz-Eakin, Marc Sumerlin, Victoria Coates, Mike Sarraille, Rep. Byron Donalds, Rich Lowry, and Miranda Devine

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Once again Wall Street was surprised by a deflationary wholesale price report where the level of the so-called producer price index actually dropped by three-tenths of a percent. And it’s worth noting that after rising 1.1% in April, the PPI eased to 0.6% in May. And then the outright decline of three-tenths in June. This follows yesterday’s deflationary CPI report. Both are a welcome relief from the inflationary reports of recent months.

With NEC Dir Kevin Hassett, Laura Ingraham, WH Official Peter Navarro, Ben Ferguson, Ben Domench, and Sen Tim Sheehy

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The sun was shining on Kevin Warsh today as he gave his first Congressional monetary report on a day when the consumer price index unexpectedly fell for the first time in six years. And that takes a near-term Fed rate hike off the table. As Mr. Warsh said, it’s too soon to declare mission accomplished, but he vowed to defeat inflation and get monetary policy right during his appearance before the House Financial Services Committee.

With Steve Forbes, John Carney, Sen. Tommy Tuberville, Victor Davis Hanson, Roger Zakheim, Brett Velicovich, and Sen. Masha Blackburn. 

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Senator Lindsey Graham was truly a great American patriot. He was a freedom fighter. He was a throwback to an older Republican party that shunned isolationism and understood that America must never retreat from its friends, its allies, or the cause of freedom. He was a great friend of Israel at a time when far too many in American politics are turning away from Israel. And even retreating to a hateful bigoted antisemitism, that is plaguing the socialist leaning Democratic party today, and even I say with regret, infiltrating some extreme elements in the GOP.

With General Jack Keane, Newt Gingrich, Steve Moore, Art Laffer and Sen French Hill

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Hundreds of oil tankers are sitting in the upper part of the Arabian Gulf. And they are filled to the brim with oil that will soon hit world markets. And meanwhile, while oil supplies are rapidly recovering, Chinese oil demand has plunged as a result of their continued economic slump. All of this shows how Iran’s supposed Hormuz oil weapon has been neutered.

With Sen. Bill Hagerty, Liz Peek, Steve Moore, Kim Strassel, Victoria Coates, and Walter Russell Mead 

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President Trump gave three brilliant speeches over July 4th weekend. First at the freedom and faith convention, then at Mount Rushmore, and then on July 4th at the national mall in Washington DC. Basically, he emphasized two large scale thoughts. First, America’s greatness both past, present and future. And second, godless communism is a mortal threat that must be extinguished without delay. And he hammered these points again and again. Essentially giving GOP officials and candidates their talking points for the midterm elections.

With General Keith Kellogg, Ben Domenech, Ben Feruson, Sen. Jim Banks, David Bahnsen, and Mark Penn. 

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The clearest and most straightforward condition in the performance-based deal with Iran was a reopening of the Strait of Hormuz with no tolls. Freedom of navigation is a long-standing international principle. So, the Iranians have been firing on ships and firing on Gulf states. And firing on American military bases. Thereby violating the so-called ceasefire and violating the so-called MOU. So, President Trump’s patience has run out.

With Mike Sarraille, Rebeccah Heinrichs, Dan Brouillette, Joe Concha, Mark Simone, Douglas Holtz-Eakin, Marc Sumerlin and Jim McLaughlin

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It’s time to cut the capital gains tax. Right now. If there’s a 3.0 reconciliation budget bill that requires only 50 Republican votes plus Veep Vance for 51, the GOP can do it. Put a capital gains tax cut in that 3.0. It’ll add growth to the GOP message. Polls show that in addition to the voter ID bill, voters want government fraud to be cleaned up, and they’d like middle class tax cuts for growth. But we need some leadership from Senate Majority Leader John Thune.

With Roger Zakheim, Aaron Cohen, U.S. Trade Rep Jamieson Greer, Reince Priebus, Gianno Caldwell, John Carney, EJ Antoni, and Michele Tafoya. 

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America's free enterprise keeps on winning. The facts speak for themselves. Throughout the July 4th 250 weekend, President Trump’s speeches, especially at Mount Rushmore and the National Mall, really made two key points. One was the greatness of America, the home of Freedom, the land of liberty, a country whose founding creed was that its citizens receive their rights from God our creator. Hence the two greatest sentences in history: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.”

With Jim Gray, General Jack Keane, Newt Gingrich, and Steve Moore. 

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