Larry Kudlow: Another series of completely irresponsible and nonsensical statements from the far left progressives

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I want to spend a few moments talking about some of these extreme left-wing progressives which inhabits Congress and, most regrettably to the country, constitutes a long tail wagging dog of the entire Democratic Party, which means no respect for dogs.

First up is this Rashida Tlaib person. She is a member of the House Financial Services Committee that once asked who Ben Bernanke was. Yesterday she demonstrated her financial prowess with this exchange. Hear and cry:

TLAIB: “Yes or no, does your bank have a policy against financing new oil and gas products? Mr. Dimon?”

DIMON: Absolutely not, and that would be the road to hell for America

TLAIB: “Yes, that’s fine. Sir, you know what, everyone who got student loan forgiveness [who] have a bank account in your bank should probably take out their account and close their account.”

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Now first, Jamie Dimon deserves a Nobel Prize in economics, and in addition to this inconveniently truthful answer, he later said that with an uncertain global energy supply, natural gas investment is the best clean-burning approach for years to come. He also said the huge student loan cancellation plan was a bad idea. He also later spoke about the need for economic growth policies across taxes and regulations and other areas. Like I said, give him a Nobel Prize in economics.

Back to Tlaib – let’s not let a bunch of completely stupid statements go to waste. What she’s basically doing here is calling for a run on the bank. This is at a time when the Fed is rushing to tighten money and a potential financial crisis is out there, but because Jamie Dimon didn’t agree with bailing out student loans for the wealthy and defunding fossil fuels, she doesn’t care. Let’s topple a big bank. No problem. Remember, she is on the Finance Committee. Fortunately, our banks are very well capitalized right now and will weather any monetary storm.

Then there is the matter of bank lenders extending credit to our fossil fuel industry. There has been so much pressure from the vigilant climate crowd to stop loans. Well, wait a minute. In California, we won’t have any gasoline-powered cars in 10 years, but if you happen to own an electric car right now, you’re not allowed to recharge the battery. Why? Because there is not enough power. Why? Because they are shutting down fossil fuels, especially natural gas, but hang on. Rashida Tlaib wants the banks to do her far-left bidding by preventing loans to natural gas producers. Makes sense?

I guess you have to be a certain kind of person, with a certain kind of bizarre mind, to understand this, or I would suggest, these are all very stupid ideas. Here’s another stupid idea: within the Biden administration, all these agencies and departments are creating ESG czars basically to wake up the entire federal government with these crazy ideas about net-zero carbon and on and on as exact congressional legislation or appropriations dictate , that every federal agency should have an ESG czar? I am not aware of any grant.

I remember the disinformation czar at DHS, but they folded amid huge criticism and the threat of defunding the entire department. These ESG divisions in Biden World are sprouting up like terrible weeds. Someone should cut them down. Republicans should call them on it, but back to Ms. Tlaib. I’m not quite done with her. A few days ago she told this at a conference, listen here:

“I want you all to know that it has become clear among progressives that you cannot claim to hold progressive values ​​yet support the apartheid government of Israel, and we will continue to push back and not accept this idea that You are progressives, except philistines. further.”

Israel? Apartheid? Really?

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Do you know how many Arabs live in Israel? The answer is plenty, a large part of the population. Oh and by the way, Israel is one of the largest democracies in the world, and by the way, Rashida Tlaib is an antisemite of the highest order. So much for the progressive ideas among the progressives in the Democratic Party. Let’s put an end to fossils, end electricity, promote a run on the banks and hate Israel, who by the way is probably our staunchest ally around the world.

Wait a moment more. Speaking of progressives, here’s AOC for kids, immigration, wealthy people, and capitalism. It is a beauty. Hear and cry to this:

“There are a number of countries that are really struggling because young people, under the burdens of capitalism and living under a society that increasingly concentrates wealth among the rich, we are not having children, or we are not having children at the same time. rate, and we actually need immigrant populations to help balance things out.”

So let me get this straight. The burdens of capitalism create too many wealthy people. Well, yes, and by the way, capitalism creates enormous wealth for all people: middle class, workers, minorities. That’s what we learned after the Trump tax cuts or after the Reagan tax cuts or after the JFK tax cuts. The facts show that a rising tide lifts all boats when you provide opportunities for all, but it gets even better with the AOC because she wants—wait for it—more illegal immigrants to fill the so-called population gap.

Hang in there. We’re heading for 3 million illegals this year, maybe more. How many more can this country take – in a year with all the drugs and sex trafficking and inhumane conditions?

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New York Rep.  Alexandria Ocasio-Cortez

The US Rep. Alexandria Ocasio-Cortez (D-NY) attends a news conference calling for the inclusion of the Civilian Climate Corps., a climate jobs program, in the budget vote bill outside the US Capitol on July 20, 2021 in Washington, DC. (Photo (Photo by Kevin Dietsch/Getty Images/Getty Images)

Or maybe the AOC really believes Joe Biden when he says the border is closed, in which case she wants to open it? There are very few people outside the White House who actually believe this perverse logic, but it’s really just another series of completely irresponsible and nonsensical statements by the extreme left-wing progressives of the Democratic Party.

These are not serious people. These people don’t root for America, but the people who rule Democratic Party right now, and that’s why I’m praying for the cavalry to come.

This article is adapted from Larry Kudlow’s opening commentary for the September 22, 2022 edition of “Kudlow”.

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