Larry Kudlow's Economy Warning: 'If It Ain't Broke, Don't Fix It' Larry Kudlow, speaks at the White House in 2020. (Taso Katopodis/Getty Images)
By Eric Mack | Sunday, 18 April 2021 12:12 PM
President Joe Biden's inclinations to step in on the recovering economy are unnecessary and potentially damaging, according to former White House economic adviser Larry Kudlow.
"If it ain't broke, don't fix it," Kudlow told Sunday's "The Cats Roundtable" on WABC 770 AM-N.Y.
Kudlow told host John Catsimatidis he fears a recovering economy after the pandemic will be unwound by Biden administration policy and massive spending initiatives.
"Infrastructure bills, corporate tax increases, the Green New Deal, it [does not] make any sense to me," Kudlow said. "[The economy] is a terrific story.
"Just let it roll, and the stock market will keep going higher."
Instead, Kudlow noted, Biden should "just leave things alone" and keep the economic policies he and former President Donald Trump employed the past four years.
"We are in a boom: It could last a good long time if Biden would just leave things alone," Kudlow continued.
"Here's what we don't need: We don't need major tax increases; we don't need giant regulatory increases; we don't need to destroy fossil fuels; we don't need to become non-competitive worldwide again."
Kudlow further fears the Biden plans will ultimately be a "wet blanket" on a hot fire of the economy.
"If the so-called infrastructure plan goes through, including its large tax hikes and these Green New Deal plans, it will throw a wet blanket over our economic boom," Kudlow concluded. "And you will see that reflected in the stock market before long."