Kudlow slams senators who allegedly traded stock before pandemic

Kudlow slams senators who allegedly traded stock before pandemic
© Aaron Schwartz

White House economic adviser Larry KudlowLawrence (Larry) Alan KudlowMORE slammed U.S. senators who allegedly traded stock before a massive coronavirus outbreak in the United States during a tele-town hall hosted by Arizona Sen. Martha McSallyMartha Elizabeth McSallyThe 10 Senate seats most likely to flip Where Biden, Trump stand in key swing states Abrams announces endorsements in 7 Senate races MORE (R) Thursday evening.  

“If it is proven that they’ve done something illegal or unethical, they will have to be significantly punished,” Kudlow said. “I don’t put up with any of that nonsense.”

Last month, financial disclosures allegedly revealed Sens. Richard BurrRichard Mauze BurrThe Hill's Morning Report - Presented by Facebook - Trump taking malaria drug; mayor eyes DC reopening Rubio to lead Senate Intel Committee amid Burr investigation Senate Intel Committee to vote Tuesday on Ratcliffe's DNI nomination MORE (R-N.C.), Kelly LoefflerKelly LoefflerThe 10 Senate seats most likely to flip The Hill's Campaign Report: Biden seeks to tamp down controversy over remarks about black support Loeffler says she won't drop out of Georgia Senate race after stock trade controversy MORE (R-Ga.), James InhofeJames (Jim) Mountain InhofeOVERNIGHT DEFENSE: Esper escalates war of words with Warren, Democratic senators | Senate panel plans to skip DHS, VA spending bills Esper escalates war of words with Warren, Democratic senators Pentagon official: FCC decision on 5G threatens GPS, national security MORE (R-Okla.) and Dianne FeinsteinDianne Emiel FeinsteinLet's support and ensure the safety of workers risking so much for us Congress eyes changes to small business pandemic aid Graham announces vote on subpoenas for Comey, Obama-era intel officials MORE (D-Calif.) sold hundreds of thousands of dollars in stocks within days of the Senate holding a briefing on Jan. 24 with administration officials on the coronavirus outbreak. Both Inhofe and Feinstein later said that they were not present at the briefing.

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After facing multiple calls for his resignation — including from conservative commentator Tucker CarlsonTucker CarlsonAmerica is dying to reelect Trump Trump tweets clip of 'Independence Day' with himself, allies edited in The Memo: Gulf grows between Trump and scientists MORE — Burr called for an ethics investigation into his own stock trading. 

Kudlow, a former Wall Street economist and Reagan staffer, said that if the senators partook in illicit trading, the they should be disciplined. 

“In our great system of free enterprise, you have to play by the rules; everybody has to play by the rules ... we all have to play by the rules, and if not we’ll have to face the consequences,” he said. 

McSally agreed with the White House economist. 

“Larry, I couldn’t agree with you more. If these allegations are true, they need to be held accountable,” McSally said.

On Tuesday, it was reported Georgia Sen. David Perdue (R) purchased stock in a company that produces personal protective equipment as the coronavirus pandemic began to spread in the U.S. However, an official for Perdue said that he was not at the Jan. 24 briefing, and mentioned that the senator has not been involved in his personal finances since taking office. 

Updated 9:51 p.m.