Kudlow: The only way to control inflation is to abandon the progressive agenda

So, we’re starting tonight with the front page of the New York Post. That kind of says it all.

Take a look… “Joe’s Train Wreck” – “Gas hits $6 a gallon, Border Crisis is getting worse, Ministry of Truth is collapsing, Market is down 1,164 points – Worst day in two years, Baby formula disaster.”

The only thing the newspaper missed is that the cavalry is coming because of Mr. Biden’s train wreck and I want to generalize about the train wreck because from a policy perspective, it shows the complete breakdown and failure of the radical left or the progressive agenda or, as Newt Gingrich calls it “big government socialism”.

Recession is now a base case scenario for Wells Fargo

In a few moments, I’m going to talk to Senator Ted Cruz about the failure of radical progressivism, wherever it has been tried and at what point in history it has been tried – total failure.

Take, for example, the failure of the Ministry of Truth – another attempt by the Biden state to control speech. Disagreement becomes misinformation. That’s right, outside the old Soviet Union or today ChinaOr Venezuela or Cuba. This is what they do. This is not what America does.

Now, this silly little left-winger of Mary Poppins, Nina Jankovic, has made a joke of her, but we shouldn’t lose track of a more important point – that the Biden administration was trying to control free speech. Specifically, they were trying to control freedom of expression that contradicted their ideological views. This is a radical progressive.

Fortunately, this specific attempt to control free speech is now dead as soon as it arrived, but it has not died in the minds of the ideologues who inhabit the Biden administration. Somewhere, somewhere, they will try to do it again.

The infant formula disaster is an excellent example of progressive over-regulation and of course the progressive obsession with blaming business.

The crisis of open borders is also the result of the gradual disregard for the rule of law and national sovereignty. It is the direct opposite of “America First”. It is the idea that we are all part of a big progressive global family and there is no need for borders because instead of the national interest, we have what is called the ‘global interest’.

The majority of CEOs prepare for a recession like a sky with hyperinflation

It’s complete nonsense, as ordinary workers across the country who are concerned about the drug epidemic, terrorism, crime wave, and sex trafficking will tell you.

The stock market crash is a clear signal of recession which I will talk about later in the presentation.

Standard gasoline prices are, frankly, exactly what Biden really wants. No matter what they might say, they love $100 worth of crude oil. They like standard diesel fuel. They don’t care about truck drivers and their trucks. They don’t care about business or consumer costs. They do not care about pipeline integrity. They are not interested in our relations with oil-rich Canada.

For the first time in recent memory, they actually used government intervention to cancel a private sector project that was already under construction.

Rising fossil fuel prices are supposed to make renewables more attractive in its ideological mindset from the Green New Deal. The truth is that renewables make up only 3% of our power, while fossil fuels account for 80% – as ordinary Americans painfully realize again.

Wages are rising, but economic inflation It rises faster. Biden’s progressives completely deny the bloated government spending, borrowing, and printing of money.

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President Joe Biden addresses the 76th session of the United Nations General Assembly on September 21, 2021 at United Nations Headquarters in New York City. (Photo by Timothy A. Clary Ball/Getty Images/Getty Images)

The only way to control inflation is to completely reset politics – that is, to abandon the progressive agenda. They won’t. This is why the Republican Party must act to promote growth, Balanced Budget Plan And be prepared to launch in January after Congress changes and this historic little bit of a temporary hiatus ends.

Save America, balance the budget. Yes, the cavalry is coming.

This article is excerpted from Larry Kudlow’s opening comment on the May 19, 2022 edition of Kudlow.

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