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Big League Economics

REPORT: Anti-Tariff Larry Kudlow Is Top Contender To Replace Gary Cohn

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Since former Goldman Sachs executive Gary Cohn’s humiliating downfall, insiders have been wondering who will take Cohn’s place as President Donald Trump’s chief economic adviser.

CNBC reports that Larry Kudlow from the CNBC network is the leading contender to fill Cohn’s no-doubt expensive loafers. What’s more, Kudlow is willing and ready to take over the official responsibilities if called upon.

Trump has clearly been frustrated with the rigid establishmentarian nature of his administration and wants to break free and be himself.

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Bringing in Kudlow would free Trump of the burden of having to wrangle with Cohn and his Goldman Sachs cronies on everything.

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Now, CNBC might just be running water for their guy Kudlow to some extent. Other candidates are still in the game, including trade adviser Peter Navarro, the point man on Trump’s tariffs.

More importantly, Kudlow is ANTI-tariff and told Trump not to do it. He has criticized tariffs in multiple segments and even reported that the economy was suffering from “trade war jitters.”

Kudlow might be a smart fellow, but he is clearly not fully on board with President Trump’s vision.

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Big League Economics

Dairy Farmers Dump Thousands of Gallons of Milk Down the Drain as Economy Halts Due to Coronavirus

The economic disaster is beginning.

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Dairy farmers are being forced to dump thousands of gallons of milk down the drain due to the economic slowdown resulting from coronavirus fears.

The dairy industries of the United States and Canada are suffering mightily because of the coronavirus panic. Even as individuals are desperate to buy essential goods and stock up for a crisis, there is far too much supply for the moribund consumer markets.

John Walker of Walker Dairy Inc. in Ontario said that he has been jettisoning his milk supply since last week due to the economic crunch.

“There is just nowhere for it to go,” Walker said to CTV News London on Sunday. “Schools, restaurants, and even Tim Hortons’ amount of cream is down. Those are all things that have slowed down demand for our product right now.”

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“The dramatic changes in demand and the related challenges being felt throughout the supply chain have resulted in the need for the disposal of some raw milk, which is extremely unfortunate and difficult,” the Dairy Farmers of Canada (DFC) said in a statement released last week.

Nikki Boxler, who owns and operates the Boxler Dairy in Varysburg, New York, says that her small, family-owned dairy farm is in shambles.

“Watching your hard work literally go down the drain is heart-wrenching. The wasted product represents our livelihood and the massive amount of hard work that takes place year-round to produce it,” she said Sunday in a Facebook post.

Boxler believes that the dairy industry is suffering due to milk’s perishable nature. This is causing the industry to be “hit harder and earlier than other agricultural commodities” by her estimation.

One Wisconsin farmer was forced to dispose of an incredible 56,000 pounds of milk, citing restaurant closures as being particularly devastating to his farm.

“It’s really depressing,” said Mark Mueller, owner of Mueller Dairy Farm. “It’s like all your hard work just running down the drain.”

Wisconsin dairy farmers are asking for a bailout from the U.S. Department of Agriculture in order to stay afloat. They hope to receive the assistance through the Coronavirus Aid, Relief, and Economic Security Act or CARES Act until normalcy can be returned, if that is even possible at this point.

While alarmists like Dr. Fauci call for an open-ended shutdown of society to fight coronavirus, millions of lives are being destroyed due to the economic damage caused by the government overreach. The dairy industry is the canary in the coalmine, and the rest of the market is likely to follow.

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