Larry Kudlow held a gaggle with reporters after a TV appearanceĀ on Fox News.
No major news, but hereās some quotes:Ā
On Phase 3 stimulus package: āI will say this: If we get this package, weāll be setting the stage for a good rebound in the second half of the year. Thatās our thinking. This package will undergird workers and families, Main Street, small businesses. The banks are inĀ goodĀ shape, gratefully. So weāll see. Thatās why we just got to keep those payrollsĀ up and keep the small businessĀ in placeĀ to the best of our ability. My message is please just vote on it. Get it through.ā
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On predictionsĀ for GDP growth: āIāve avoided that. Iāll continueĀ to avoid it. Itās going to be rough. We know that itās a big challenge. Iāve been saying that for weeks and weeks. We will see. But Iām goingĀ to leaveĀ it be.ā
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On why stimulusĀ is necessary if plans is to reopen theĀ economy: āI want to be careful here because the president is put this out there, talked to a bunch of us. We can target zones where the virus is less prevalent. Things are safe. Weāre not abandoning the health professionalsā advice, but there is a clamor to try to reopen the economy, and perhaps Iāll call it less of a shut in. And so thatās one piece thatās yet to be determined, but itās one piece is being looked at. We still need the assistance because in the next week or two or three, youāre still gonna have a lot of hot zones, you still got a lot of shut ins. Thereās no miracle here. Weāre not just flipping a switch. The assistance is so vital.ā
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On whether itās worth opening up the economy at the expense of public health: āI donāt see it that way. I think that public health includes economic health. Thatās the key point. Itās not either-or. Itās not either-or. And thatās why weāre taking a fresh look at it.ā