Larry Kudlow Claims Biden ‘Is Afraid to Talk About’ Record High Stock Market: ‘He Hates Rich People’

Fox Business host and former Trump administration economic adviser Larry Kudlow marked the record stock market high on Friday by quoting former President Donald Trump and trashing President Joe Biden.

Kudlow reported that the market “is up around 400 points. The Kudlow Trust is doing well. Tech and AI stocks are leading the way.”

Kudlow quickly pivoted to a baseless claim from his former boss, “Now former President Trump has said the market is rallying because he’s going to be reelected president. Others believe the market is rallying because Joe Biden is going to be defeated. Oops. I think that’s the same thing.”

“Still others believe the market is up because the feds can slash interest rates and juice the economy to get Biden reelected. I personally don’t buy into that,” Kudlow continued, before giving his view:

You would think Joe Biden would be crawling about a record market on his watch. Problem is, he hates rich people. He’s anti-business. He doesn’t like the stock market at all, hates corporate profits, and he’s afraid to talk about it.

Over on Fox News, the news was reported a bit differently as anchor Sandra Smith said:

You’re looking at a fresh 300-point gain on the Dow right now, hitting its highs of the session. The S&P 500, which is a snapshot of the broader U.S. Stock market, is hitting an all-time high, surpassing the previous record set two years ago.

So, wow, there continues to be a lot of enthusiasm and a lot of optimism in the U.S. Stock market. There’s still anticipation the Federal Reserve will cut rates this year. We’ll see how that plays out.

Watch the clip above via Fox Business.