Former White House economic adviser Larry Kudlow branded Biden’s $2 trillion infrastructure plans a “war against wages” and a “trojan horse”. He went on to label the President’s move as a “socialist model” which is seeking “the demise of private companies”. He slammed Mr Biden and his White House cabinet for bringing economic power into the hands of White House officials with their “tax attack” on American corporations and stressed the result of this will be “a tragedy” and “a gigantic build up” of the welfare state in America.
In an angry outburst, Mr Kudlow took aim at US President Biden and his White House team and said the tax motives was a power grab of the American economy.
The former economic adviser said: “The ideology here is to enable Washington bureaucrats and central planners to have the power in our economy and seek the demise of private companies and free enterprise private economy.
“There is no question when President Biden talked about a ‘new paradigm’ he’s talking about a welfare paradigm, he’s talking about diminishing the private economy and the free enterprise and enabling these central planners.”
He branded the move a “socialist model” and slammed the White House for its “war against wages” for middle class people stateside.
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The veteran economic advisor said: “At the route of this whole infrastructure plan which is really not about infrastructure it’s kind of a trojan horse.”
He added it was in fact a “tax attack on American corporations”, “companies large and small” and a “gigantic build up of the welfare state with no work requirements.”
Mr Kudlow issued a stark warning that the move is “going to have grave consequences” not only for the way the US is run but also the “economy itself” which with the reopening is currently booming, he said this move is the “wrong direction absolutely.”
He finished by saying: “Next year could be a much much weaker year and the year after that much worse – it’s a tragedy, tragedy.”
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The $2 trillion infrastructure plan has been dubbed the American Jobs Plan.
Mr Biden is now hoping to get Congress to approve his $2 trillion infrastructure bill.
The rollout of the plan comes as President Biden also issued a series of other executive orders including a $1.9 trillion American Rescue Plan.
But the speed at which Biden has rolled out the orders and plans has been seen my many critics see as acknowledgement that he will be a one term President.
Vice President Kamala Harris could take over the 78-year-old’s office after his first term.
Last month Mr Biden stumbled his way through a press conference where he only answered questions from 10 reporters.
At one point he forgot what he was saying and tailed off at the end of his statement.
He said: “I’ve never been particularly poor at calculating how to get things done in the United States Senate. So the best way to get something done, if you hold near and dear to you that you like to be able to… Anyway, we’re ready to get a lot done.”