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Lawrence Kudlow | The Patriot Post

Lawrence Kudlow

Columnist.

Lawrence Kudlow is CEO of Kudlow & Co., LLC, an economic and investment research firm in New York City.

Larry is host of CNBC's Kudlow & Company, which airs nightly from 5 p.m. to 6 p.m. He is also economics commentator for CNBC. He hosts a weekly Saturday radio show on WABC Radio.

Mr. Kudlow is a nationally syndicated columnist and also has a blog site at www.kudlow.com. He is a contributing editor of National Review magazine, as well as a columnist and economics editor for National Review Online. He is the author of American Abundance: The New Economic and Moral Prosperity, published by Forbes in January 1998.

Mr. Kudlow is consistently ranked one of the nation's premier and most accurate economic forecasters according to The Wall Street Journal's semiannual forecasting survey.

He is a Distinguished Scholar of the Mercatus Center at George Mason University in Arlington, Virginia.

In 2005, New York Gov. George Pataki appointed Mr. Kudlow the chairman of the New York State Tax Reform Commission.

For many years, Mr. Kudlow served as chief economist for a number of Wall Street firms. Mr. Kudlow was a member of the Bush-Cheney Transition Advisory Committee. During President Reagan's first term, Mr. Kudlow was the associate director for economics and planning, Office of Management and Budget, Executive Office of the President, where he was engaged in the development of the administration's economic and budget policy.

He is a trusted adviser to many of our nation's top decision-makers in Washington and has testified as an expert witness on economic matters before several congressional committees. He has also presented testimony at several Republican Governors Conferences.

Mr. Kudlow began his career as a staff economist at the Federal Reserve Bank of New York, working in the areas of domestic open market operations and bank supervision.

Mr. Kudlow was educated at the University of Rochester and Princeton University's Woodrow Wilson School of Public and International Affairs. He is a member of the Union League Club, the Capitol Hill Club and the National Women's Republican Club. Mr. Kudlow is an avid tennis player and golfer. He and his wife, Judy, live in New York City and Redding, Connecticut.

The Jobless Recovery

The jobless-recovery theme re-emerged on Friday with the arrival of a disappointing employment report. The daunting number was the unemployment rate, which jumped from 9.4 percent in July to 9.7 percent in August. This is a big-versus-small-business issue. Sort of the haves versus the have-nots. The large companies are gradually recovering as a result of major cost-cutting, inventory reduction, and a lean-and-mean return to profitability and high productivity. So the payroll survey registered a 216,000 job loss, the smallest drop in over a year.

Hey, Conservatives, We're Recovering

Believe it or not, sometimes good news on the economy can be bad news for stocks. It's a distant point, but one worth considering in view of conservative pessimism over Obama's plans to spend, tax, borrow and control the economy. I share these worries. But the U.S. is still a free-market economy, and it will be so at least until the health care and energy sectors are nationalized. And free-market economies are resilient and self-correcting. While so-called spending-and-deficit stimulus may be an economic depressant, Friedmanite monetary stimulus -- which has been substantial -- is gradually exerting a powerful impact on economic growth. At the same time, businesses have become lean and mean, with radical cost-cutting of inventories, employment and hours worked. That's setting up a big profits surge, which is the biggest economic stimulus of all.

Bob Novak, R.I.P. -- Faith, Freedom and Free Enterprise.

Now we say goodbye to Robert Novak, who passed away early Tuesday morning at the age of 78. Yet another conservative icon has left us. He was a good friend and an amazing reporter. In fact, I believe he was the best reporter of his generation, which spans all the way back to the Dwight D. Eisenhower years. Bob had a lot of opinions -- conservative opinions; Reaganesque opinions. But his pursuit of journalistic detail, facts, scoops and stories that no one else got was remarkable. He was "old school" in this respect, which is why he was so esteemed by political allies and critics alike.

Obama's Hoof-in-Mouth Disease

It's hard to know why President Obama said what he said at Tuesday's health-care town hall in New Hampshire. He actually stated: "If you think about it, UPS and FedEx are doing just fine. It's the Post Office that's always having problems." Oops. Freudian slip? Subliminally speaking, was the president inferring that private health insurers are doing just fine?