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tv   Kudlow  FOX Business  January 4, 2024 7:00pm-8:00pm EST

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i found a cheaper price on my meds with singlecare. did you say singlecare? i use singlecare. are we talking singlecare? i saved 40 bucks with singlecare. -that's cool. - yeah. i have all my customers check the singlecare price first. good job. whenever my customers ask me if there's a cheaper price on their meds. i always tell them about singlecare. you just search your prescription, find the best price and show your coupon, in the app, to the pharmacist. i found a cheaper price with singlecare! i know. download the singlecare app free today. larry: hello folks, welcome to kudlow, i'm larry kudlow. i want to begin with some
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untruth telling by biden white house, then we'll be joined by john roberts to talk about election issues. then jonathan turley, about why democrats don't want to let republicans on the ballot. anyway. first, team biden shows they are incape ccable of telling truth about the economy or economic policy, celebrating a 34 trillion dollar debt milestone, joe biden press secretary karine jean-pierre decided to blather on about -- hang on, oh, yeah. blame the trump tax cuts. they have caused the debt to rise to a new record. she offers not one number no support of this untruth.
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nobody is believing them. here is what karine jean-pierre said. >> there say trickle down debt, if you think about it republican tax cuttings are responsible for about 90% of increase in debt as a share of the economy over last two decades, you heard president speak to this what he has done to lower the debt, he signed ledg ridge l legislation do lower deficit. larry: this big lie should have been put to rest at least last november, if not before. when economists from harvard, princeton, university of chicago and u.s. treasury reported after examining 12 thousand corporate tax returns, before and after the 2017 trump tax cut bill that slashed tax from 35 to 21, created bonus distr.
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and in fact they found, business investment capital, increasing about 7.5%. over the long run. leading to higher real worker wages, and increased worker productivity. study found that after an initial decline in corporate tax revenues in first couple years, those were fully offset by revenue gains over the 10 year budget window, numerous other studies have confirmed this blue ribbon support. former obama adviser, jason fermin called this study most convincing estimates of response of investment to corporate tax changes that i have ever seen, thank you. by the way, when gallop poll last year asked people whether amount of federal income tax they pay is too high, too low or just
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right. only three% said taxes were too low. 60% their income taxes are too high, problem is that not that we tax too little but that federal government stepping too much -- spending too much, joe biden argues his policy have cut budget deficits and this has earned him a bottomless pinnochio from "washington post." and a 2.7 trillion dollar budget deficit, by 2033, that is the end of the most recent tenure bask budget window bidenomics will generate 20 trillion in additional deficits in the period. according to congressional budget office, as a share of the economy deficit run 6.90 percent of gdp, 30-year av range 3.6. publicly held debt 46
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trillion and budget spending outlays, they will average 24% of gdp, compare that to a 50 year average of only 20%. thank you bidenomics. now there a big deficit and debt problem. but it comes from spending too much not taxing too little, national association of manufacturers estimated that under joe biden federal regulations have exploded to anestan estimated 3 million dollars falling disproportionately on small businesses only 34% of americans say they are better off than they were 4 years ago, am among self identified democrats. one key reason for this
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pessimism, joe biden's crisis of plunging affordability. real average weekly earnings over past 3 years, has fallen from 399 dollars a week to 380 a week. yes that is a drop of 19 bucks or nearly 5%. inflation has slowed but prices are still significantly higher for essentials. and during the trump tax cut years, after policies of lower taxes and deregulations middle class family incomes were up over 6 thousand dollars. during the biden years, typical family income have dropped 4 thousand dollars. remember reagan versus carter? 1980? are you better off than you were 4 years ago? well, just saying. could be a repeat. that is my riff. >> all right.
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that is my take, now maybe talk politics and other things, we're 11 days away from iowa then new hampshire. joining me now great john roberts coanchor of america reports thank you, john. there is all sorts of craziness, your take on it, you have been covering this is sandra. talk about nikki haley. i don't know who will win, i know what polls show in iowa and new hampshire, you know too. but nikki haley is saying hang on, i may lose in iowa but we can correct it in new hampshire. as you might guess this is not playing well, not only on governo gov desantis, this is odd, you have been covering this for years, what do you make of this self correcting primarys. >> one thing that i learned a long time ago, never talk
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badly about people in the hawkeye state. we have seen what happened in the past. 2016 on democratic side, it does not bode well for the candidate who successes that wa -- suggests that iowa voters don't know what they are doing, but, here is the thing, she speaks to a bigger scenario, the language aside, it looks like donald trump will walk away with the iowa caucus, unless something crazy happens, he is up over 30 points erase in new hampshire -- the race in new hampshire is closer, nikki haley, stands at about 26 percentage points, at the moment. if chris christie were to drop out after iowa and a lot of support went to nikki haley, she could get within 10 points of where donald trump is right now, who is in mid 40s, there a possibility that iowa could begin to change the dynamic, then a week later we have new hampshire, if a
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candidate getting a lot of momentum off of the caucuses, by performing better than expected to, maybe they could carry that moment up to new hampshire. but at the moment, if the polls hold, there is nothing to say, they won't, but there is nothing to say i it could change, donald trump would win iowa and potentially new hampshire but there is a wild card that is why we watch them closely on campaign trail. larry: totally, that is wrench has to watch fox news and fox business, are you hearing anything about republican d drop outs? >> no, not at this point, but, you know asa asa hutchinson is so far down in polls, i would imagine he will hang in for 11 days and drops out after iowa. there is also potentially a
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chance for chris crist to chris christie to look at iowa, saying condition can't keep the campaign going because you need money. i would expect he hang in through new hampshire and south carolina, not anything on drop out front, a lot could change. larry: here is another one. in a breitbart interview, they interviews former president trump and trump made assertion, political scientists would agree that the vice presidential candidates don't matter. reason i raise that is, been a sort of spirited debate in the republican party, about whether trump would or should pick -- nikki haley if she were to be second or
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third, he said vice presidential candidates don't matter. >> you know it is possible that they do. you have to go back to 1960, maybe to find the last vice presidential candidate who really helped, li linden johnson helped john kennedy win texas, since then it has not helped. dan quail did not help george bush win, this year may be different, if you are up against biden and kamala harris, it would be good to balance that off. with a republican ticket that includes either a male as nominee and a female as vice president. or a female as nominee and male advice president. and what would best combination be? you think okay, let's say for example donald trump wins the nomination. does he take nikki haley? popular south carolina
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governor, who knows how to threaded needle in controversial issues and has a modicum of support among many republicans. or is she such a steve bannon put it, in recent podcast, quote viper for maga crowd she would never make it in terms of getting their vote. and then donald trump would go with maybe kristi noem from south dakota, i think you may find, i don't know who it would be. i don't think it would be -- kim reynolds, if donald trump wins nominee i think almost guaranteed you will see a woman ad at the vice presidential candidate either nikki haley or kristi noem from south dakota. larry: you are probably right about kim reynolds, she is a great governor, she has done great themes in iowa. reporter: not a lot of
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republicans outside of republican who have bad things to say about kim reynolds. larry: i know, one more. john. the whole harvard and claudine gay and deei thing, we were talking about dei democrats, trump by the way told breitbart while claudine gay has done set harvard back 50 jiri nyears, it may or may not be true. her resignation letter and board of overseers whatever, harvard corporation, seem to suggests that she was a victim of racism. not anti-semitism or plagiarism is this -- this is you know. diversity, and equity and inclusion, attempts for racism to explain everything and set party versus party it is an election year issue, john roberts? >> i don't know, that claudine gay is going to be an election year issue, the
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idea of diversity, equity and inclusion could be, you look at the long essay that bill ackman wrote on x yesterday, and how that was counted by al sharpton national act network today. where bill ackman was talking about diversity, equity and inclusion poisoning the well. and institutions of higher learning and then al sharpton going after a ackman saying it was racism that say bigger issue could be part of the election. i thought it was interesting in the op set piece she wrote yes, claudine gay, said she fell into, i have it here, she made mistakes in her congressional testimony but she fell into a well-laid trap. she said, i neglected to clearly articulate that calls for genocide of jewish people are abhorrent and unacceptable and i would use every tool at my disposal to protect them from that kind of hate, she fell into a
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trtrap that sh he f-- she neglected something. that everyone person would say, i don't know how that is a trap, maybe because i didn't go to harvard and i am dumb, i don't get that llogic. larry: job -- john roberts, catch john and sandra smith on america reports weekdays 1-3 eastern fox news,. >> kudlow, not just trump, why are democrats so afraid of having republicans on the ballot? any republican? jonathan turley, constitutional legal scholar will talk about that. his great column in today's "new york post" when kudlowom returns. h
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snow. larry: why are democrats afraid of have anything republicans on ballot, not just trump, jonathan turley wrote about it in "new york post" today, welcome, happy new year to you, george washington university law practi professor, i
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loved your column, they don't want any republicans, but this is america. we have to have some republicans on the ballot. >> at least for show. you know this is what i refer to as ballot cleansing, you see it in other country iran removes undesirables people they don't' voters tempted to vote for. this movement, that has been put forward under 14 amendment has same implications and just this week you had a representative perry, who is targeted with the same argument not saying we're iran we're not but we're more than iran. i hope. and what that is a democratic nation, the thing that binding us together, that defining us, is our faith in democracy. and so, here you have the advocates trying to remove not just trump, but other
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republicans, members of congress have supported this, dozens among democrats, they asked to block as many as 226 republicans in congress under the same theory snow the scott perry thing the head of the freedom caucus in house. was that done on insurrection basis or other charges? >> accused of a supporter of insurrection. so like being a fellow traveler back in the mccarthy period. and that is norm now. that it is is not just you were an insurrectionist but you supported them by very voting against certification or doubting election of joe biden, they are protected actions, they are constitutionally protected, yet they are cited in filings of as evidence you are either an
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insurrectionist or a tr traveler. larry: your point in c column is a number of democrats have tried to keep republicans -- this is has been going on for years, this is not circa 2023 or 24. not even circa january 6, they have been doing it for years? >> that is right, in the past 14 amendment theory has been a parlor game for proceprofessors it was interesting but then dangerous, you had 4 justice the of colorado supreme court embrace it. the good news that is a court with 7 democratically appointed justices, and three of those refused. actually there was a stinging visceral decent asking what the majority thought they were doing here. then you have maine, that is not really a decision, it is
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a terms of judicial decision, that say se second secretary of state, hitting trump and hitting what she calls insurrection. since january 6. they knew what they were getting from her when they filed to the remove trump from maine ballot, now it goes to the courts, and real judges have to look at this, and vast majority of judges have rejected this, because it is unfounded, and it is dangerous. larry: one other point, james freeman of "wall street journal," in his c column, best of the web, he says hig how this year, unlike 2020 biden first ran, they are keeping democrats are white house, whatever, democratic national committee, they're keeping other candidates off of primaries, and the one he singles out is north carolina. , they say you have in 2020,
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you had like i don't know 10 or 12 people in north carolina primary, i remember watching debates, with all of the people. some of them would qualify now, but they are keeping them off of the ballot, democrat doing this in democratic party as well as the republican party. >> hard to say you are defending democracy when every action you take it to prevent it from being practiced, that happened in florida, keep in mind, that most democrats in polls said they don't want biden, they want other thoses -- choice, party elite is aing that is dangerous, let's not give them a choice, this is a one flavor size ice cream stand, you either go hungry or go --
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>> something new. jonathan turley thank you very much happy new year. >> th thank you, larry. larry: all right, house majority leader steve scalise joined list of republican leaders that is endorsing president trump or president, happy new year to you, steve. >> h happy new year, great to kick you of the new year with you. larry: yeah, yeah, great to see you, you look great. quickly, why now? why the endorsement of mr. trump, what key principles were you looking at? >> well, unif you look at last year, we had a lot to get through, internally, a lot of internal fights within the republican house and big battles things to deal with. in terms of moving our agenda. 2024, this is the time to be focused on the election in
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november. i think the more you look at how off the track we are and what we need to do to fix it no one in bet p better position, than donald trump, you were there, i was working with him on congressional side, you were in white house, it did not take long, donald trump knows what he need to do to help families who are struggling you look at energy costs, we talk about energy policy all of the time, we never had a better more pro-america but pro-free market me energy policy, than what president trump was in office. irk -- after joe biden same in bad actors became more prprom. let's make america strong again, and our border, you saw yet the speaker take a group of lawmakers to the
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border, i have been there, they will tell you what needs to happen, it is getting back to things that we're working under trump. where we had a economy isure border and remain in mexico, there was ability to claim asylum but you don't have from another countries in the world and show up across the rio grande and say here i'm here are in my asylum, i will go to court date in 5 years, in the meantime you will not know where i am, we have given them a a free pass into america. that was not happening under president trump. we need to get back to things that work again for hard working families, who are sick and tired of far left, wokism, liberalism, socialism whatever you want to call it, it not working for families who are struggling. we need too get back to what worked and donald trump knows hig how to do it
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and quickly.. larry: we talk energy a lot. steve scalise, what is our outlook on this story. the biden white house is taking a very aggressive insulting, i would say, position. certainly yesterday we played a tape from the press secretary, which is insulting republicans. saying that republicans are the problem. you all have your hr2, you would love to have a vote on it in senate. where does this lead. the immigration story, the catastrophe the southern border may be most important single issue in american politics. >> this issue is not going away it is a major threat to
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america's national security, probably most imminent that we've seen in years, you have steps of thousands of people every week coming across the border illegally, joe biden knows about it he created the policies that encourage this. and he won't work with republicans to fix the problem. we passed multiple pieces of legislation, talk about hr2, strong, to secure america's border, that was passed over 6 months ago and has sitting in senate doing nothing, they don't' to fix will problem we passed a homeland security bill to fund our border security, what joe biden did, you watch white house last few days saying republicans will not give us more money, why more money? we read the bill, their bill, is not just for more money, it is more money to process people coming into the nation illegally hark is not what we need, we need to stop the illegal flows, note more money it is actual
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border security. remain in mexico or stay in your home country, if you want to claim a asylum, we need laws that are fully enforced and enforce the the asylum laws of our nation, there is a legal way to come to america, they don't want rule of law. they want to kick people off of ballot they disagree with, they want federal agaagency going after people, what it is legal or not, let's get back to rule of law. larry: steve sta scalise, happy new year. gra. >> happy new year, let's get a great 2024. larry: breaking n news from breitbart, president trump vows to fire jack smith if elected we'll talk about that and more from the former president's interview
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with breitbart's alec marlow and john carney, i am kudlow, happy new year, it's night to be here.
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larry: we will have up fun now, a lengthy series of interviews with donald trump, and breitbart editors our favorite, president trump vowed for example to fire special counsel jack smith if elected. he also roasts bidenomics, shocking, things neither joe biden or cali kamala harris will be on ballot in november, and pledges an aggressive expansion of the eleeverybody earning the -- electoral map, joining me now, john carney
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and alex marlow. thanthank you very much, alex, i begin with you. on web site now headline that mr. trump if elected would fire special counsel jack smith. what can you tell us about this. >> yeah, i think that what want wanted to convey to us in the interview he feels that efforts to gag him are inappropriate, they make it there can be a full offensive attack on him, but he does not have the ability to to defend himself, the point to reiterate to us, he offered nancy pelosi 10,000 troops on january 6, she turned him down, he thinks that jack smith does not want him to be able to make
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that statement out. he was making that point to me hoping we would print it, we did. larry: you should have she said t jack smith is losing momentum. what do you make of that? >> absolutely he thinks that reason why jack smith is engaging in tact tick -- tactics thatp he believes are unethical, it failing. i think speak for a lot i feel that country changed that day that the biden government was rifling through m melania trump's underwear drawer looking for secrets. larry: it seemed to have helped his campaign, alex, trump as run in last year, a very good issues campaign. taxes, deregulation, drill
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baby drill and the border and a strong pro-american on foreign policy. and i think that the excesses of the jack smiths of the world and lawsuit, legal two-tiered just is system they have p propelled mr. trump to a position, a polling position, i know poles are not votes, that proudly not many people would have thought would have happened one year ago. >> i am in that group, i was very pessimistic about 2024 election on election day. but i do think that trump has edge at the moment, the big question, what will happen with the democrats voting operation. in terms of manipulates with big tech and to get otherwise uninterested people to turn in ballots to stuff ballot boxes, how much is going on how much community organizing and law
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fair will play a role, that is a big question, no question that people are behind trump at the moment. larry: john carney, trump does not think much of bidenomics. >> he thinks is -- it is bad, he is right, conservatives invented the the word bidenomics, it was an extension of bidenflation, they were related. he tried to own it say, yes bidenomics is great, it did not work, the popularity of his economic policies, keeps going down. it is his major worst point in all of the polls down like his popularly is 39%, but his economic approval rating is down to 33%. that is just the hardest core. larry: they still, my riff, my opening riff, i mean, karine jean-pierre, still out there blaming the trump
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tax cuts and saying how they will cut budget deficit, i look at congressional budget office, the budget deficit doubling to close to 3 trillion. and we'll have -- i don't know, close to 50 trillion of publicly hi held debt. >> back to original. american rescue plan they spent two trillion, that set a very my baseline, now they are saying we're not spending two trillion extra dollars a year, that is ridiculous. larry: in the interview, former president trump believes as i gather from reading your web site that j. powell, fed chair will goose the economy for biden. in this year. >> yes, he is not only
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person who believes there will will be, rate cuts, the motivation to help biden keep trump out of the white house. trump gave powell a hard time. larry: he said during the pandemic he said j. powell of most improved when he witwent to zero. >> maybe someone could send him that memo, i am sure he does remember, that it is not his favorite thing to see trump take office. larry: did the former president say anything about reappointing powell. >> i am sure he would not. larry: i interviewed him last august, he said he would not. >> one thing he did say that powell was not his choice. that it was steve mnuchin's choice, that is way of say he regretted that. larry: alex to you, this is interesting, you cover so much ground. one thing that caught my
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eye, talking about it the other night, president trump, expanding his base. that he will go you know come to new york, to new jersey not give up rid states go to new mexico to virginia. really put full court press, what is interesting when you look at polling numbers, the so-called biden coalition, of young people -- hispanics 1 african-american appears to be falling apart, if he does expand it might succeed. >> he is fired up, we know biden is doing poorly with muslim voters in michigan and minnesota, feels there is some level of working class republicans rising up in places like virginia and new jersey, trump in new york i have to pet that
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-- bet that is former that is trumpian controlling, to go to your point, on the fed, he was implying to me, he thinks that j. powell is a political person, he could be worked and trump was bragging about working him. and job owning was trump's term, getting him to change his maneuvers on political pressure, a subtle and important dig on powell. larry: i think, there is something to that. i was in the white house when all that jockeying went on. and you know, trump is the q salesman, invasion the border still mr. president trump's bread and b butter. you reckon that will -- i will put it next on the economy, okay? -- next to the economy, but i still wonder if that is not the biggest issue looking for this year.
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the catastrophe at border, 300 thousand people coming across illegally in december, alone. do you think that will be a big issue? >> you know, you must know the president very well, he said specifically the border and economy, those are top two on his ki mind, he believes there is an effort to have a mass migration. he said other countries are sending their worse people to america, he is going so hard on this issue, he has evidence to suggested that biden has opened economy i believe in -- i sorry the border in an impeachable way. >> john, last one. he does think think that biden will run? does not think that harris will run is that tongue in cheek? >> i think -- >> i never asked him.
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fulldisclosure. >> i think if democrats were rational they would try to find better candidates, you know this is a little bit trump's predicting maximum chaos. outcome, but i think that he does -- you know look if i were democrats i would lock at weakness of joe biden and scramble to find a replacement. i don't think they will be able to do that. larry: talking with jonathan turley, how can they, they won't let anyone on the ballot. >> biden won't let any republicans either. >> much less democrats what kind of election, they removed the all of republicans from ballot then joe biden drops out, you know no election. larry: fearless leader, john carney and alex marlow, terrific stuff, thank you. >> we'll take a quick
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break. on other side, national security counsel spokesman johnjohn k kirky, ity is fies foreign policy belief. i am kudlow, happy new year. after advil: let's dive in! but...what about your back? it's fineeeeeeee! [splash] before advil: advil dual action fights pain two ways. advil targets pain at the source, acetaminophen blocks pain signals. advil dual action. (vo) sail through the heart of historic cities and unforgettable scenery with viking. unpack once, and get closer to iconic landmarks, local life, and cultural treasures. because when you experience europe on a viking longship,
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larry: white house is taking credit for a successful strike in iraq, took out a senior militia leader backed by iran. but they still have not figured out that money is ffungible. we go to edward law lawrence at white house. >> u.s. confirming that it was a drone strike that struck a car that the leader was driving in. the department of defense saying that leader was involved in planning and carrying out attacks on u.s. personnel, defense department spokesperson saying that strike was taken in self-defense. >> this was a necessary action against this particular individual who
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was personally involved in plans and excuse of attacks again american personnel. reporter: the folks person spokesperson said that u.s. communicated with iraqi government that strike was going to happen. this comes after at least 120 attacks on u.s. positions since october 7, also 25 by houthis in the red sea where u.s. forces shot down 61 drones and missiles since november 8, iran also target of a terrorist attack that including one suicide bomber exploding at gr gravesite for general soleimani. former president trump ordered dark that killed soleimani in 2020. john kirby said that u.s. is in no position to doubt that isis k based in afghanistan carried out that attack. >> we have seen public credit now that isis-k has
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taken for the attack, in iran. certainly in no position to doubt that claim by isis-k. reporter: 84 people were killed in southern iran, leader, in iran vow a harsh response. larry: mr. kirby got into a tangle with one of our reporters the business about frozen assets and funding goes to iran, and kirk kirby saying that money is not fungible. >> 6 billion in qatar, they saying it could only be used for humanitarian water food or purposes, medicine, now, the u.s. some critics say, the iran could take that money, use a billion and buy
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something else, then use the billion for money. you know --- >> i got it thank you, edward. the virus that causes shingles is likely already inside of you. 50 years or older? ask your doctor about shingles. if your business needs a new application then developers will have to write code. a lot of code. if an application needs to be modernized then you'll need time, resources...
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