Larry Kudlow, the director of the White House National Economic Council, appeared on Fox News this morning and downplayed the possibility of a second coronavirus wave.
“Look, I’m not the health expert, but on the so-called spike, I spoke to our health experts at some length last evening. They’re saying there is no second spike. Let me repeat that: There is no second spike…. There is no emergency. There is no second wave. I don’t know where that got started on Wall Street.”
Of course, while Kudlow downplays the possibility of a public-health “emergency,” there’s ample evidence that coronavirus cases are increasing in roughly half the states — with some states showing significant spikes.
And while everyone can certainly hope that the White House’s top economic voice is correct, at face value, it’s hard not to be skeptical of Kudlow’s reassurances — especially given recent history.
For example, it’s hard to forget that Kudlow — who has a notorious track record for being wrong — appeared on CNBC in early March and said, in reference to the coronavirus, “[R]egarding the containment issue, I will still argue to you that this is contained…. We don’t actually know what the magnitude of the virus is going to be. Although, frankly, so far it looks relatively contained.”
In the same interview, he added that the economy “looks sound,” which was vaguely reminiscent of John McCain insisting in 2008 that the “fundamentals of the economy are strong,” even as the system crashed around him.









