Larry Kudlow has been vociferously criticizing President Obama about jobs, but what about Kudlow’s own jobs plan? The free-trade agreement with South Korea that Kudlow said was the magic elixir of job-creation has been in effect since March 15th. And we now have two full months of trade data (click chart to enlarge):
As you can see, our trade deficit with South Korea has worsened dramatically both month-to-month, and year-over-year. Imports are up and exports are down. Surely Kudlow’s plan is destroying US jobs, no?
Kudlow campaigned for this agreement, but hasn’t made a peep about it since it went into effect.
What about it Mr. Kudlow? Where are the jobs? Why aren’t you popping the campaign cork on your CNBC TV show?