tv Kudlow FOX Business February 29, 2024 4:00pm-5:00pm EST
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you fund some mining operations, is that going to increase, are you increasing the number you sell or drop it down? >> actually it dropped, as the price of bitcoin goes up our cost to run the business is pretty constant. as the price of bitcoin goes up we sell less and less bitcoin. last year we were selling 700 bitcoin a month out of our production, we're selling less than because the price goes up. that is the beauty of the industry that you work in. liz: fred thiel of marathon. interesting sector. please come back. guys, the record, the nasdaq, its first record close since november 19th of 2021. [closing bell rings] it needed 110 points to do the strict. it is up 152. the s&p fourth record close of 2024. ♪. david: hello, everyone, welcome to a special edition of "kudlow," i'm david asman in for
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larry kudlow. president joe biden and former president donald trump making competing stops at the southern border today where the illegal migrant crisis rages on. we'll bring in congresswoman marjorie taylor-greene and. we will take donald trump's comments when he begins in eagle pass, texas. he is there with governor greg abbott. let us start with georgia congresswoman, marjorie taylor-greene and stephen miller, founder of america first legal former trump policy advisor. when donald trump starts we'll dip into that. so hang on if we go to trump quickly. congresswoman, this is an incredible moment, americans will juxtapose with donald trump with greg abbott who has done an incredible amount of work securing the border by himself, not only without the cooperation of the federal government but the federal government is suing
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him because he is trying to do the job the federal government is not doing. he has been very successful slowing the migrant surge which is moving west to arizona and california. that juxtaposition borne out by figures when donald trump was president you had smaller migration flow. when biden took over, it boomed like crazy and the whole country is suffering. >> that's right, david. all of america knows who is to blame for the wide open border that brought over 10 million illegal aliens in other country and that is the biden administration. that is why i led the effort in the house to impeach secretary mayorkas. we're waiting to find out when the senator chuck schumer will hold the senate trial for those impeachment articles. we're thankful president trump is down at the border, showing he cares about states like texas and their right to defend themselves against an invasion. that is exactly what is happening to texas but it is
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happening to every state across the country because of the biden administration. we also have to point out that joe biden did not say he would go to the border until after president trump already announced his trip there today. then it was joe biden who followed president trump. this is the number one issue across america. it is hurting democrats because all of america is hurting from the illegal invasion that has brought an onslaught of people into our country and sadly and tragically murdered people like laken riley, the university of georgia student that was murdered last week. larry: stephen, there have been so many insults to america's intelligence by this administration on a whole range of issues. economic issues but particularly on the border and it would be the ultimate insult if joe biden who created this migration crisis we have virtually all over the country now, of course there are offshoots of that, like the fentanyl poisoning
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killing hundreds of thousands of americans, and he goes to the border and part of it slows to a trickle, claims credit for doing something the texans have done, what happens when that happens? do you think americans will really know what is going on there? >> yes, i think they will. let me first say what a pleasure it is to be on with marjorie taylor-greene who led the effort to impeach mayorkas. i think this is really a crucial moment for the united states senate to make this a moral choice for every u.s. senator. if they try to table this impeachment or to do anything to shelter mayorkas, every senator that so votes is an accessory and accomplice to every single crime being committed by illegal immigrants that joe biden let into this country. the only words i want to hear out of joe biden's mouth today, please forgive me, please forgive me, to every family that
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lost a loved one he specially family. laken riley, especially the legals i let into this country, knowing full well, knowing full well, that americans would be beaten, assaulted in horrible ways imaginable. that is all joe biden should say, please, please forgive me what i have done to you and your families. but he won't say it, because he has zero empathy for the lives and families he destroyed, the dreams he shattered, futures he snuffed out with his monsterous policy of aiding and abetting this border policy. larry: of course he won't say that, but you can't deny the figures. you have 8.5 million migrant encounters since he took office. that does not include the estimate of 1.million got-aways. so the number is over 10 million. it was a fraction of that during the trump administration, primarily because of what trump did and what biden did right
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after he was inaugurated to turn that around. the numbers don't lie, do they? >> january is the highest month in the biden administration. that is why america is supporting president trump. they know the president secured the border. they know it was president trump. his border policies are the strongest border policies we everybody had. this is why republicans in the house passed hr.2. this is the strongest border bill and we look forward to see president trump sign it into law when america elects him in november of 2024 and he comes into the white house in january of 2025. but congress needs to fight harder here in washington. we need to stop passing crs. we need to stop funding the biden administration whose
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border policies are anti-american. they're america last and they put every other country in the world first. then they forced american taxpayers to pay for it. i totally agree with stephen. he is absolutely right. the biden administration, joe biden himself has blood on his hands. secretary mayorkas has blood on his hands and then chuck schumer in the senate will have blood on their hands if they refuse to take up the trial in the senate for impeachment articles of secretary mayorkas. david: congresswoman, i want to stay a second more on georgia, what happened in your state with lake -- laken riley. the murder of laken riley put a face to it like no other face we've seen. there are hundreds of thousands of faces who have suffered but this particular from a perpetrator, allegedly a venezuelan who came here illegally, went to new york. was released because of their no bail policy because of their
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refusal to cooperate with i.c.e. the people are terribly fed up with all of this. we saw that happen when the mayor of athens georgia, who believes in open immigration, he doesn't call his city a sanctuary city but he might as well because it acts like that and they have a sheriff who follows those policies as well, he caught hell when he tried to convince people that his city, he was bragging about the success that his city has had fighting crime but that success, so-called, did not prevent laken riley from getting brutally murdered. >> that's right. i graduated from the university of georgia in athens, georgia, used to be a wonderful town. now it is run by radical democrats like the mayor of athens that would rather protect illegal aliens, call them an athens man, instead admit this was a brutal killer shouldn't be in our country in the first place. i called on our state
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legislatures while they're in session right now to consider not funding any city or county in the state of georgia, that wants to protect illegal aliens because they don't deserve the funding from the georgia taxpayers. they don't deserve their hard-earned money if they're going to protect people that end up killing our georgia citizens and our students when they're studying and pursuing their dreams, their american dreams when they're in college. laken riley was such a wonderful person. i enjoyed talking with her father and learning more about her life. we tried to remember her in a moment of silence this week here on the house floor but georgia, every single person in georgia, i think people across the country are reeling against this horrific murder of laken riley and it should never have happened. david: stephen, i want to play a little bit from the mayor, chief of police, john williams, he is actually called the sheriff down there, he is sheriff of athens,
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georgia, couple other towns in that area. when he was running the office he said the following whether he would cooperate for i.c.e. roll tape. >> it is not my intentions to elected sheriff to cooperate with those detainers. that is not something we'll be doing. we'll not do any type of roundups. we won't be contributing to that culture of fear. david: stephen, there was a reason why that venezuelan illegal immigrant was in athens and that's the reason. a sheriff like that with a mayor like that. >> a sheriff like that and a mayor like that, and a president like the one that we have, a president who campaigned in support of sanctuary cities. a president who has used every single tool at his dispoisal not to fight sanctuary cities, but to fight the state of texas for trying to defend its border. a president who weaponized law enforcement not to go after criminal aliens but conservative christians and political
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dissidents. at every turn joe biden and the democrat party and democrat officials have done everything in their power to ease the pathway for criminal aliens to get into america, to stay into america and release and rio rio de janeiro fended, in the joe biden years, they have released 200,000 illegal aliens with criminal records in our jails in custody, could have premoved but declined to remove because of his policy of non-enforcement. so again these are all deaths that are attributable to joe biden. and senate democrats, i'm looking at you jon tester, if you side with mayorkas in this impeachment, then you are an accessory to everyone of these crimes. david: you're both throwing down the gauntlet, but concerns that
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the conversations going on between the president and speaker johnson would not be pleasing to those of us who want a strong border. they had hr 2. in the house. never brought to the table with senator schumer. senate came if with their own version. it doesn't go to the house because it wasn't going to pass. now johnson, speaker johnson and president biden are talking. does that concern you they may come up with something that would not be acceptable to you? >> yes, it does concern me and the conversation that concerns me the most is that our speaker would give in on our border security and trade it for $60 billion for ukraine this is a war that americans don't care about. poll after poll shows that americans do not support funding a war in ukraine. the only thing we support is peace for that country and we support border security for america. our home, our homeland and the country that we all love and american taxpayers pay for. that the is only border we should care about. that is the only border that
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matters to americans. i do not want to see our speaker of the house, our republican speaker of the houseworking with the president that ripped our border wide open and has been the best business partner the mexican cartels have ever had in their lifetime, enriching them beyond their wildest dreams. the speak ever the house needs to hold the line. that is what voters want ad republican majority for this congress and they expect us to do our job, not cave to a president that is failing america and is leading the attack on texas and the american people. david: one more question, stephen, about voting. what is going to happen -- we know the reason why the border was open was to increase the voting rolls of the democratic party. clearly there was no other reason i can think of for it. what about the move to turn 10 million, mostly undocument the migrants into voters? >> let's be very clear, joe biden's first bill, first bill he sent to congress was a bill to make all illegal aliens
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into citizens. the only reason that bill didn't become law is because they were one, maybe two votes short of getting ready of the filibuster in the senate. if they had would have eliminated the filibuster, passed it on a party-line vote. all these illegal aliens would now be u.s. citizens which means they vote in our elections, sponsor all the relatives to become here to become citizens too. at the first opportunity they get that is exactly what they will do. in the meantime they vociferously oppose any effort to verify citizenship in american elections. that is of course all by design. david: folks, hold on a second. let's listen to donald trump. okay, unfortunately we don't have sound right now. we'll have to leave it at that. come back, we'll give you as much of donald trump as we can possibly get. congresswoman, stephen, thank you very much for being here. appreciate you coming here today. wait a minute. we were going to stay. hold on? we are going to donald trump.
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please hold on. >> will be secure, more secure by the time we finish which will be soon. i want to thank some friends of mine. brandon judd has been a friend from day one. he knew what we were all about, knew what we were saying doing ahead of our time. general thomas soweller was somebody always right there and understands this texas military department as well as you could have. i think he understands war because that's what you're in, you're in a war. william mike gorby, you know who he is, he has been fantastic. a incredible group you put together fortunately. i might ask brandon to say a couple of words because right at the beginning we were into it, we saw what was happen and the governor was there and then he really, he really stepped it up, it has been amazing. i came, lucky enough to get his endorsement, i endorsed him also, very proudly endorsed him.
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a lot of things have happened in the last little while. this is an incredible operation. brandon, would you like to say a couple words? >> absolutely, sir. mr. president, thank you. i want you to know, your agents, my agents they're mad as hell, absolutely mad that president biden went to brownsville, texas, rather than going to arizona, rather than going to san diego, california, rather than coming to eagle pass, texas which has been the epsy center. what president trump has seen right here -- david: marjorie taylor-greene, steve miller have been kind enough to stick around for us. you see the juxtaposition. we'll hear from president biden in just a moment but when americans who think this is the number one issue to vote on in november see this comparison between donald trump with the man who has been securing the texas border, the governor, and brandon judd and others who are really trying to secure the border with president biden.
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we don't know what he is going to say, what do you think they will think, first to you, steve, and then to the congresswoman to wrap it up? >> well the contrast couldn't be clearer. you are going to hear president trump, already have today talk about real enforcement, real deportation, border wall, "remain in mexico," sending illegal aliens home, the largest deportation operation in american history. and joe biden is going to talk about his ridiculous, preposterous bill that senator chris murphy wrote that cement catch-and-release, invasion levels of migration, that actually creates a new pathway to citizenship for illegal aliens. one party wants deportation, that is the trump party. one party wants importation. that is the biden party. david: congresswoman, go ahead. >> stephen laid it out perfectly but i want to point out something president trump just said as he is addressing people at the border today, this is a war and this is what the american people know, we know our country is at war and it is our own federal government led
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by joe biden and his administration is at war with the american people and they're wayning that war against states like texas enabling and causing an invasion into the united states of america and president trump is the man that we know and trust. he was our president for four years and we want him back in the white house again because we know he will end that war against the american people. he will secure our border. he is already proven to america that he can and will do it and he will do it once again. david: you can't argue with the figures. the figures are very clear. that's all you need. congresswoman, thank you so much for being here, appreciate it, and stephen miller, great to see you as always. >> thank you. david: let's dip into donald trump for a second here before we take a break. >> we call it biden migrant crime, so that is a little bit long, every time you hear the term migrant crime you know where that comes from. alloying thousands and thousands millions and millions of people.
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could be 15 million, could be 18 million by the time he gets out of office because hopefully the biggest risk we have, nine months, that's a long time. a lot of bad things can happen. i always say in speeches and rallies, if you take the 10 worst presidents in the history of our country, you add them all up, all of the problems, all of the lousy johns they have done, add them all up not as bad this one man has done to our country. what he has done is destroying our country. we were just talking before, the general was saying i can't, he can't believe what's happening, he can't believe it. so sad. last year almost half all i.c.e. arrests were criminal aliens charged with more than 33,000 assaults, 3,000 robberies, 6900 burglaries, 7500 weapons crimes. this is all migrant crime. 4300 sex crimes. 1600 kidnappings and 1700
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homicide and murders. these are the people that are coming into our country and they're coming from jails and they're coming from prisons and they're coming from mental institutions and they're coming from insane asylums and they're terrorists. they're being let into our country and it's horrible, it's horrible. you know i know many of the leaders of these other countries that are doing it. it is not just south america, all over the world, the congo, a very big population from coming from jails in the congo. you look at the jails now, you take a look at the jails throughout the region but more importantly throughout the world, they're emptying out because they're dumping them into the united states. these guys try to make like oh, isn't it wonderful? they don't have a clue. they're looking for votes, they're looking for something. nobody has really been able to tell me -- in business you always want to understand the other side. you want to figure it out so you can do something that's good or bad, depending what you're looking for but nobody can
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explain to me, because everybody i speak to says how horrible it is, nobody can explain to me allowing millions of people from places unknown, from countries unknown, who don't speak languages, we have languages coming into our country, we have nobody that even speaks those languages, they're truly foreign languages, nobody speaks them, they're pouring into our country and bringing with them tremendous problems, including medical problems as you know. we had title 2, we had different things to solve that problem but -- david: okay, we'll continue to monitor donald trump. he is in eagle pass, texas. the president biden is in brownsville, texas, a couple hundred miles to the east from where donald trump is. we'll monitor all of this for you. meanwhile fani willis is potentially on the verge of losing control of the georgia rico case against donald trump. does the judge have enough evidence to disqualify her? the supreme court taking up the
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former president's immunity case. we'll talk about it with legal analyst gregg jarrett coming right up. ♪. (luke) so... i hear some of you are concerned about the fact that i'm taking over the company. well, rest assured, company's in great hands. marci, hit the vid'. (both lukes) homes-dot-com. we've done your home work. (luke) now, that is worth celebrating!
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all i can do say is that my life is pre-- i like watching the puddles gather rain. -hey, your mom and i procreated to that song. oh, ew! i think you've said enough. why don't we just switch to xfinity like everyone else? then you would know what year it was. i know what year it is. david: so a very interesting fight to remove georgia d.a. fani willis as the acting prosecutor in the state rico case against donald trump keeps getting stranger and stranger. joining me to talk about it is fox news legal analyst gregg jarrett. we're hearing fani willis and her very highly paid, well-paid, lover, assistant and various other things were apparently getting it on before he was hired contrary to what they said under oath. is that enough to remove them from this case? >> oh, i think absolutely it is
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and you know, david, look, the picture of dorian gray, willis is self-destructing before our very eyes. her own misbehavior ruined her credibility. her case against trump is disintegrating. her testimony together with her lover nathan wade and ex-partner , alex bradley, that was a three stooges comedy, but bradley's testimony this week may have been the nail in the coffin. he once texted willis and wade were absolutely having an affair before wade was hired, which put as lie to their sworn statements earlier. so based on the keith of he had thicks, i think -- code of ethics he has no choice, he should disqualify wade and willis. the question is where does the case go from there if it is so tainted? other prosecutors may decide we're not going, we're going to dismiss the charges. david: the real question, larry has been saying this over and over again, he doesn't care who,
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when, any one of these people were sleeping with each other, the main question, what were they doing with the white house? for example, all these trips that -- >> yeah. david: that nathan wade took down to the white house, that he was paid for by the way i guess through the taxpayers of georgia, what was that about and if there was, if they were being instructed by somebody in the white house as to how to carry things out? because nathan wade doesn't really know much about this particularly a rico case, which is very hard to prosecute, if they were instructed wouldn't that be election interference? >> arguably it could be and you know we haven't received any answers to why he billed two white house visits, eight hours apiece. who was he meeting with? what were they talking about? since he is billing for the rico case, it has to be rico-related, right? so you know, fani willis had always insisted oh, no, there is no coordination with the biden
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campaign or the white house. look at the billing records. they seem to indicate. david: there are other things to look at and "breitbart," we have not gone into it on our own we dope know how sure it is, apparently a former biden aide paid the assistant d.a. out there, $130,000 to help out in political matters. there were the communications between fulton county and the white house. i want to move quickly with the supremes, with his immunity case moving to the supremes. does he have a case? >> he absolutely does. his argument i was acting consistent with my duties to uphold the law. if i had evidence of election impropriety, faulty ballot counting, it is incumbent, my duty to look into it, to make challenges, to beg for recounts,
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to file legal challenges. all of that should be protected by immunity but i think the decision to take the case, david, puts both federal trials brought by special counsel jack smith on hold and i think it likely means those trials will not happen before the presidential election. david: none of these will. their entire strategy, and it has been coordinated, let's be honest about it, if not in written or spoken word at least with a nod and a handshake, their whole strategy to prevent donald trump from getting into the white house, to put him in jail before, to get a conviction before the election has failed, all these cases in one way or another are just falling away. i don't think they will get any kind of conviction, very quickly, i don't think they will get any conviction before the election, do you? >> well, the only case that may actually go to trial is the alvin bragg new york case but, i think jonathan turley's take on
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that is correct. the professor from george washington university, he said that case is so weak. david: right. >> it may backfire and actually help donald trump. david: already is. already has. >> i think he is right about it. david: gregg, i'm sorry we had to cut it short. we had all the breaking news of donald trump himself. good to see you, gregg. coming up the fed's key inflation gauge comes in hotter than expected. we'll ask breitbart's john carney and kevin hassett what the state of the economy really is. you won't believe how dependent joe biden is on his note cards. we'll talk about that much more with giano caldwell and doug collins when "kudlow" continuesg ♪. s. three forks ranch is the destination for luxury and adventure. enjoy fly fishing and america's finest trout stream. kick back for intimate performances from the best in country music.
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when you're a small business owner, your to-do list can be...a lot. ♪ [ cellphone whooshes ] [ sighs ] that's why progressive makes it easy to save with a commercial auto quote online so you can take on all your others to-dos. already did. see if you could save at progressivecommercial.com. ♪. david: so the feds preferred inflation rose again in january but right in line with expectations so does this mean that the fed's strategy is working? joining me is john carney,
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"breitbart news" finance and economics editor and coauthor of the "breitbart business digest" and kevin has it, former chair of council of the economic advisors. kevin, "wall street journal" had a great piece by waller, fed governor, nominated by president trump. brought to president trump by a guy named lair larry kudlow who you may have heard of, this piece says, everybody doubted, he is and inflation hawk, this is the revenge of the inflation hawks, everybody was saying you had to have recession in order, you had to have higher unemployment to get inflation down. he said, no, you can get inflation down and we have, we have enough jobs available so it won't increase unemployment and he was right, wasn't he? >> i'm not so sure. david: oh. >> the fact is that inflation is down. i'm sorry, i disagree. i was part of that team that chose waller but the fact is
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that inflation over the last few months has been accelerating and we also know that if you look back over the last 20 years, that inflation sometimes gives you like a head fake in january and so i'm just, i'm right now a little bit puzzled about inflation but i'm sure it is way above 2%. david: okay. >> so the fed should not be cutting rates right now. i think waller had a big fight with larry summers about whether it was possible to get it down this far. summers said no without unemployment. i think he was right about that. >> what do you think, john, by the way? >> oh, i think waller was absolutely right in his fight with summers. a lot of people said there is no way to get inflation without raising unemployment. what waller did, he looked looked at all the job openings, we can bring that down, we can bring down inflation. that's what happened but i think kevin has a good point here, it is not clear that inflation can keep coming down. waller has been actually very cognizant of this. he has said, right now we have
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almost a goldilocks scenario with inflation coming down, unemployment staying low and the economy growing very fast. that can't keep going. either at some point inflation has to break higher or growth has to slow down. we can't keep what we have. david: you have to know this guy, if donald trump is elected, in 2026 jerome powell has to go away, donald trump said he will, this guy might be next head of the fed? >> he definitely would be one of the best heads of the fed we have had in a long time. he has a very good analytical mind. he looks at the data, saying this is what is happening to the economy, he doesn't stick to a narrative, he looks at the and will adjust policy based on that. david: one thing, kevin, he custodies agree with those the only way to get inflation by having a recession. he does agree you can have growth and lower inflation,
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subside notion, right? >> i think you absolutely can but don't forget the last year that government debt held by the public went up by more than gdp. david: that's a problem. >> so when you have fiscal policy just putting the pedal to the metal the fed will not be able to get to 2% but i have all the respect in the world for waller and i think he won that argument but the fed still has a lot of work to do in my mind and again the reason people are so upset, if you look at the cost of bread, the cost of gasoline, the cost of air fare everything is up 30 to 55% since joe biden came into office. david: that's right. >> if inflation were to slow we're really in a much worse place. david: john, you have to admit it is very tough to get inflation down if you have a two trillion dollar deficit and that's where we're going. it is 1.6 trillion now on an annual basis and it is probably going up to two they're still spending without any pay-fors. >> that's right the biden
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administration is undermining the fed's attempt to bring down inflation by running a very reckless fiscal policy. we're running the kind of fiscal deficits you see in a crisis with unemployment 8 to 12%, not with unemployment at 3.7%. no reason to be doing it now yet they're doing it. it makes the fed much harder. i think one reason inflation keep going up or at least get stuck where it is, not come down. all these dreams people have of the fed cutting this year, cutting four times, that is not going to happen. three times is probably not going to happen. if we get one cut that will be impressive. david: kevin, something happening outside of the purview of the fed, or the u.s. government, that is what is happening in china. they're appearing to be deflationary rather than inflationary spiral. is that making it easier for the fed to get inflation down as some of their deflation spilling over into the rest of the world? >> right, absolutely you nailed it because if you look at it
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there's asia which is almost in recession, if you look at the aggregate and europe has a whole bunch of countries with negative growth last year. so global demand has slowed quite a bit and that's been one of the reasons why inflation has moderated not just fed policy but to return to the earlier point, i looked at the cbo 10-year outlook, and believe it or not over the next 10 years they say debt held by the public will increase five trillion more than gdp, okay? david: wow. >> more than increase of gdp. that's how reckless this current fiscal policy is. there is no way, you can ask waller about this, if that actually happens is inflation going to be under control? there is no economic model says you can inflation uncontrol -- david: whoever is the next president has a big task ahead of them. gentlemen, great to see you both. appreciate it. john and kevin. switching gears to former speak he have of the house kevin mccarthy, is laying out what president biden is really like in negotiations behind closed
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doors. take a listen. >> he still has a prompter when you meet behind closed doors but the teleprompter are cards. i found i met with him, a couple, he would read from the cards. >> have a conversation. >> yeah. if you deviate, like i didn't sit and negotiate with him the debt ceiling. it is not -- he just sticks to the cards. if you go, if you deviate from the cards he can't continue on. david: the white house is pushing back but once again, the images of the president glued to his cards on his lap in meetings with world leaders have become very familiar to all of us. joining me is giano caldwell, fox news political analyst and doug collins, former georgia congressman. great to see you both. this has really become a potempkin presidency. remember stalin used to have fake, phony villages he would take reporters by to show how great the soviet union was. there was nothing behind them, it was a facade.
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that is what this presidency is, it is just a facade, somebody else is doing all the work for this guy? >> well you can see the work because the work product sitting in his lap in the cards. this has been an obvious problem for a while and especially when you have to go to a press conference, not only do we have cards we have pictures of individuals we're supposed to talk to. we are picture book time. karine jean-pierre actually said in his press conference, about his health report, he doesn't need a cognitive test, he take as test every day. way to prove that right, put him before reporters let him ask real questions. let him deal with questions he can't prepare for, not late-night talk show hosts which they scripted him, prepped him, pulled out aviators and. that is how you prove he is president. david: when he talks he doesn't do it well, we don't have to belabor that point, everybody
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knows what we're talking about but what he says ain't true. he said yesterday, america the crime stats are getting better. every city in america is great joy to live. didn't deal with the smash and grabs, or didn't mention ones about migrant crime where we have her risk examples right in front of us. >> we have many national examples of that migrant crime in which you just mentioned. if i can really quickly, the city of chicago as an example, back in 2021, we know about 30,000 folks, over 30,000 folks have come, migrants from the border, mostly venezuelans. in 2021 there were six venezuelans arrested before the migrants began to arrive. since then migrant venezuelan crime has gone up 12,000% in the city of chicago, 12,000% in terms of arrests. this is a crisis. the american people have lost faith in joe biden's presidency.
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when you look at the numbers, you look at the polling, 70% of americans, including democrats believe that joe biden has miss handled the border. we know that. when we talk about his competency. there was an nbc poll they put together numbers for trump and joe biden, trump is over biden by 16%, 48% when it comes to competency and effectiveness. i know the numbers have grown since then. that is a poll from last month. we are in trouble here. there is opportunity to change the page on the biden presidency, i hope every american paying close attention to what many world leaders laughed at, wow, america is in decline. we need change and need it now. david: when we saw him yesterday, he is not ready to turn the page. he is not going to do it. he didn't do it with regard to crime and with regard to the border community. in minority communities they're sew fed up with the fact illegal immigrants are getting services turned over to them that citizens of the united states,
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tax paying citizens don't have, particular particularly in minority communities. gee gianno and doug. >> we see places in los angeles where he tries to meet voters and see him in new york and see him in chicago i'm sure. folks are sew upset. obviously african americans are big strong hold. david: not anymore. >> be serious not vote for democrats we have purple states all around. this could be a real upset with donald trump. david: doug, only 10 seconds, comes down to a matter of trust. do you trust your lying eyes or what joe biden is saying, doesn't it? >> exactly. longest general election in history. donald trump has a record. he will stick to immigration, economics to these folks. joe biden has to defend a total reckless disregard in the last 3 1/2 years. that is your race. >> excellent point. david: great to see you, gentlemen. appreciate it very much. coming up the crypto craze
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when i was your age, we never had anything like this. what? wifi? wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi with wall-to-wall coverage on all your devices, even when everyone is online. maybe we'll even get married one day. i wonder what i will be doing? probably still living here with mom and dad. fast reliable speeds right where you need them. that's wall-to-wall wifi on the xfinity 10g network. ♪. david: well bitcoin is surging in the month of february but concerns still remain for some. joining me is jim iurio, director at tjm institutional
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services. great to see you, jim. don't have a lot of time, first of market overall does it still have legs? it still seems to have energy pushing it forward? >> so the bitcoin thing definitely has energy. there is a tremendous amount of loose liquidity in the system still left over from the covid funds that came in and i got into bitcoin basically based on blackrock getting into it a year-and-a-half ago. i want to be aligned with the deep pockets. as far as the stock market it is rallying off the same thing. as far as i can say with the stock market i worry, the problems with the banks start to surface, the fed will close down the bank funding program in march, problems with banks, commercial real estate will surface i believe the stock market will flex its muscles for the fed into easing, easing quickly. i don't think bitcoin will suffer in that. if i look at the two i prefer to be in bitcoin. david: bitcoin is now, yes just put it up, close to 62,000,
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62,000? >> 61 now but blink and it will be 65. all over the place in couple weeks. david: would you buy it into at this level? >> okay, so if i didn't have a position already, i'm not giving advice to anyone else, i've been building my position slowly. i plan to continue to do that. very difficult to buy something that has gone parabolic like this, particularly when it is subject to volatile swings. i want to be involved in bitcoin, the next one year, two years, five years, 10 years. i am buying only in small amounts. i would not be in a big position. david: government still spending like drunken sailors, does that still bother you? >> bothers me a lot. unbelievable to me what john carney said the fed is trying to fight inflation at the same time the government continues to spend like this, that is the part that bothers me. when the treasury goes out to auction bonds, reverse repo is dried up next couple months, that is where the rubber meets the road. i think things like gold, silver, bitcoin, haven'tly
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stocks could do quite well. david: jim iurio, great to see you again. more "kudlow" straight ahead. stayyour with y coach in the chase mobile® app. us. d help put them within reach. from your first big move to retiring poolside - and the other goals along the way. wealth plan can help get you there. ♪ j.p. morgan wealth management. honestly, i was scared when i was told age related macular degeneration could jeopardize my vision. great. one more thing to worry about. it was all too hard to deal with in the beginning, but making a plan with my doctor to add precision was easy. preservision areds2 contains the exact nei recommended, clinically proven nutrient formula to help reduce the risk of moderate to advanced amd progression. thanks to preservision, i feel better that i'm doing something about it like millions of others.
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