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Larry Kudlow reacts to Donald Trump’s Super Tuesday victory
FOX Business host Larry Kudlow gives his take on how the 2024 presidential election will play out on ‘Kudlow.’
Now for a few thoughts from me. It’s not enough that Donald Trump romped to victory in 14 out of 15 Super Tuesday primary states last night and he’s going to wrap up the GOP nomination in a couple weeks and that a year ago, or two years ago, or three years ago, virtually no one honestly expected this to happen. It’s a comeback for the ages.
Remember, he won crushing victories in Iowa, New Hampshire, South Carolina, and Michigan before last night. No, it’s not enough for pundits to keep trying to chip away at the former President’s achievement by getting into this dog-chases-tail argument about unifying the Republican Party. Of course he will unify the Republican party. He said so last night.
In his speech last night at Mar-a-Lago he said: “We want to have unity, and we’re going to have unity, and it’s going to happen very quickly” and then, money line, and I quote again: “And I have been saying lately, success will bring unity to our country.” That’s just so important. With all due respect to Nikki Haley’s voter totals, they were disproportionately not Republican voters.
There’s always been a small sliver of the remaining Mitt Romney-John McCain GOP establishment that never liked Donald Trump in the first place and Trump will reach out once again to that sliver. Count on it, but, for the broader electorate, the New York Times-Siena poll showed that of those that voted for Trump in 2020, 97% expect to vote for him again this year, which is a huge number, and of those that voted for Biden in 2020, only 83% expect to vote for him again.
South Dakota Gov. Kristi Noem discusses former President Trump’s Super Tuesday victory speech on ‘Kudlow.’
POWELL SAYS FED WON’T RUSH TO CUT INTEREST RATES UNTIL INFLATION IS CONQUERED
So, if anything, it kind of looks like it’s Joe Biden that has a unity problem. Especially analyzing the Democratic Party primaries, Democrats not voting for Biden range from 36% in New Hampshire, 29% in Minnesota, 19% in Michigan, 17% in Massachusetts, and on and on.
Newt Gingrich writes today that the new Trump coalition is breaking up the old Franklin D. Roosevelt Democratic coalition of minorities, Jews, working folks and small businesses. That’s exactly the new Trump coalition and that’s the unifying element that so many pundits don’t seem to understand.
The reason Joe Biden’s losing right now in the polls is lower- and middle-income working folks have taken a pay cut, when accounting for the ravages of inflation, but those very same groups had a big pay increase under Mr. Trump, and they remember it.
In today’s Wall Street Journal, Jason Riley talks about the New York Times-Siena survey showing Trump’s Black support ticking up to 23% and among Hispanics, 46% compared to Joe Biden’s 40%. In 2020, Mr. Biden won the Black vote 92 to 8, and the Hispanic vote 59 to 38. Those are gigantic changes.
The affordability crisis is taking its toll. Working class folks, whether they be White, Black, Brown, Asian, female, male, young or old – all want a pay raise, not a Biden pay cut.
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Mr. Riley, who is not a supporter of Donald Trump’s, nonetheless points out that, during the Trump years, the lowest percentiles of earners — of which minorities make up a greater share — they had the biggest percentage gains in weekly income.
Now add to that a tough policy to close the border, a major concerted effort to stop crime and lawlessness throughout the country, and some commonsense strategies to restore our reputation abroad — you’ve got the makings of a Trump victory based on successful policies and a newly united, proud America. That’s how this game could be playing out.
This article is adapted from Larry Kudlow’s opening commentary on the March 6, 2023, edition of “Kudlow.”
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As we look ahead to 2024, many homeowners and prospective buyers are wondering what to expect when it comes to mortgage rates. The landscape of the housing market is constantly changing, so it’s important to stay informed about trends and predictions. In this blog post, we will discuss some factors that could impact mortgage rates in 2024 and what homeowners and buyers can expect.
One factor that could impact mortgage rates in 2024 is the overall state of the economy. If the economy is strong and growing, we may see higher mortgage rates as the Federal Reserve looks to combat inflation. On the other hand, if the economy is stagnant or in a recession, we may see lower mortgage rates as the Fed looks to stimulate growth. It’s important to keep an eye on economic indicators such as GDP growth, unemployment rates, and inflation to get a sense of where mortgage rates may be heading.
Another factor that could impact mortgage rates in 2024 is Federal Reserve policy. The Fed plays a key role in setting interest rates, and their decisions can have a ripple effect on mortgage rates. If the Fed decides to raise interest rates in response to inflation, we may see an increase in mortgage rates. Conversely, if the Fed decides to lower interest rates to stimulate growth, we may see a decrease in mortgage rates. Keeping up with the latest news and announcements from the Fed can give homeowners and buyers a sense of where mortgage rates may be heading.
In terms of specific cities and local mortgage companies, it’s important to note that mortgage rates can vary depending on location and lender. For example, in a city like New York City, where real estate prices are high, mortgage rates may be higher compared to a city like Indianapolis, where real estate prices are lower. Additionally, local mortgage companies may offer competitive rates and terms compared to national lenders. For example, in New York City, local lenders like Quontic Bank and CrossCountry Mortgage may offer specialized products and services tailored to the needs of local buyers.
It’s important for homeowners and buyers to shop around and compare rates from multiple lenders to ensure they are getting the best deal. Websites like Bankrate and LendingTree can be helpful resources for comparing rates and terms from multiple lenders. Homeowners and buyers should also consider working with a mortgage broker who can help them navigate the lending process and find the best mortgage product for their needs.
In conclusion, predicting mortgage rates in 2024 is not an exact science, but there are several factors that could impact rates. By staying informed about economic indicators, Federal Reserve policy, and local market trends, homeowners and buyers can make informed decisions about their mortgage. Shopping around and comparing rates from multiple lenders is key to ensuring you are getting the best deal on your mortgage. Whether you’re looking to refinance your existing mortgage or buy a new home, it’s important to stay informed and be proactive in managing your mortgage.
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