(hume laughs) - ah yes, couldn't stay away huh? what mask are you wearing now? - but despite his claim to be avenging a wrong done to his family by wells fargo, charles boles never sends one dime home, revealing the truth about the real man. in february, 1888 boles and his alter ego, black bart, disappear for the last time, leaving behind a legacy of crime and a true legend of the real west. larry: hello, folks. welcome to kudlow, i'm l arry kudlow. donald trump big florida rally on top of his dynamic

pro growth platform. just released. the low energy democrat are going to stay with the ultra low energy joe biden. grady trimble has all of the details, grady, what's cooking. reporter: former president trump stayed out of the way as democrat fight among themselves, as you noted that changes in about 3 hours' time with the big rally our colleagues with fox news digital report that trump will make case that biden campaign and democratic party at large have engaged in a cover-up to try to hide president biden's cognatish decline. as parts of president trump coming out to public eye after the debate, he had an interview last night on hannity, did attack president biden, trump and g.o.p. are foam us focused on policy. rnc release its platform ahead of next week's

convention on economy calls for lowers prices, increasing energy production, cutting taxes and releags a regulation, and preventing worl world war iii and reduces crime. and promising to seal the border. >> coming in from every part of the world. some of these parts of rough parts of the world there is nothing good that come of it we have to get the criminals, a lot of criminals and very high level bad criminals, we have to get them out with largest deportation in history, larger than eisenhower deportation. reporter: more on the g.o.p. party platform, calls to protect social security and medicare. no cuts and no raising of retire i'm age retirement age, and that issue has caused some minor

controversy within the g.o.p., among pro lifers, by laying out the views in official party platform, it is undercuts attacks from democrats who have been trying to hit trump on entitlements and abortion, they can't really do that any more. larry: pretty smart stuff, grady trimble thank you very much. there is nothing inflationary about trump's america first platform. that is the subject of the riff. if donald trump's economy policy generate less than 2% inflation during first term, why is it that people on wall street and elsewhere keep telling us virtually the same trumpian policies in second term will be inflationary? i don't get it. where is the logic? in first term trump slashed corporate tax rate, executed across board regulatory red tape relief, promoted fossil fuel production, fought

unfair trading practices and kept our southern border relatively close. inflation rate over 4 year term was 1.9 percent annual rate. the sum s total of consumer price increase was 7%. for 4 years. now, reading through mr. trump's newly releasin reereleased i plo platform, his agenda rests to 5 pillars, slashes regulations, cutting taxes, securing trade deals and drill, baby, drill and keep the u.s. dollar as the world's reserve currency. king dollar. tell me where the inflation will come from? if mr. trump's trade policy reciprocity slaps tariffs on country with unfair trading practices that is not going to cause inflation,

consumers of boycott high prices, forcing businesses to cutback on their margins or chinese companies for example will have to cut their prices and profit margins that is not inflationary, only real cause of inflation is federal reserve started to print boat loads of excess money, if mr. trump wants american will d will do dollar to -- dollar to be america first in world currency market that will not permit the fed to go berserk in creating unemploymented dollars. -- unwanted dollar, he talks about curbing unnecessary and wasteful spending. platform talks about defeating inflation. and as he turns to fossil fuel spigot back on, all pricing drop choicer to 40 dollars a barrel than 85 to 100. that is major league counter inflation, and spreferri

preserving tax cuts and bonuses for equipment and machinery, that will raise real worker wages as it did in his first term and enhance productivity as a result of the build up of innovation and investment. that whole process is counter inflationary. stopping mr. biden's border catastrophe will restore law and order and public safety ha say tax cut -- that is a tax cut on families and small businesses that also county inflationary. -- counter inflationary. open border has increased federal, state and local spending on food, housing healthcare, crowding out traditional entitlements, and raising prices in many of those areas especially housing. i remember the so-called smart money on wall street was opposed to donald trump

back in 2016. and they fought his corporate tax -- thought his corporate tax cuts would abovboost deficit and inflation, they were wrong then, they will be young again, now that is my riff, joining us now alabama senator tommy tuberville, sir, wonderful to see you. staying on this theme. all of a sudden, trump's policies which are similar to the one his policies this time similar to those of the first term. there was no inflation in the first term. but all of these pundits and level wim widgers say it will -- wingerring say it will be inflationary i don't understand it senator tuberville, i need help explain it to me. >> we're in worst inflation in 4 decade, 1.4% growth pitiful. this country is in trouble.

we keep telling everyone, that i was in state of alabama last week, counting -- young kids cannot afford to buy homes, we're losing our middle class, and printing money, that is how we're keeping the economy pumped up, and border is out of control. we're spending a billion dollars a month, american taxpayers are not, not federal government. for all these people coming across the border. larry: i would say, that biden policies cause inflation. wait that is what the facts show. the factoids show that, i don't understand how people -- all right biden will be anti-inflationary really, he spend to knows tons of money -- a lot of money, and raised taxes and inflation rents went sky-high. >> i had a good meeting this

morning in a hearing with david malpass, a former world bank president and we talked about two thins we have to do to get our economy back. you and he know more about this than i but it is about energy and to do with regulation, we have to put former presidtrump deregulation back into the economy, give our farmers a chance, give the small businesses a chance, drill, baby, drill, he is on top of that, and he speaks highly of you, larry. larry: i speak highly of him, he will be guest in next segment. david malpass is a terrific man. senator tuberville, grady trimble was reporting, there was a democratic cover-up now. any joe biden's decline. >> we knew it in senate and

house we had people go to house woulds president biden would sit there when they would talk about a subject he would have his cronies do the talking his chief of staff, we knew it was his en, they were hoping to -- hidden they were hoping to get by first debate that did not work, he crashed and burned. he is a sick man, unfortunately people get sick, you hate that but at the end of the day, they are having a tough time here at cac u caucus meeting, a heard, it looked luke like a funeral coming out of at meeting, they are struggling, about 48 hours ago i didn't think that joe biden would make it now i think that jill and joe have talked their way back into making it through this tough time. that okay. you know donald trump is a guy that will bring the country back, not about the

people, it is about the policies. and we know who has best poll styes brings country back -- best policy is bring country back is donald trump. larry: the brouhaha about o mr.e biden has done great damage to the democratic party. the democratic convention in chicago is not really convention most is on-line, a virtual convention which is really weird. >> they might change their mind, they need to get together if they have chains to win. -- have a chance to win, but it is hurting down ballots, senators and congressmen to county, state and local elections, they have dug this hole, we will let them go with it and see what happens it is tough times with people that taxpayers here they are the one that are hurting and we're up

there playing games. with people's attitudes and people's the way they handle themselves it is amazing to me to see this happen before the election. larry: speaking of playing games on capitol hill. the democrats and house and senate are obsessive over their opposition to the save act, where you would have to proves i citizenship in order to vote in this day and age with roughly 10 million illegal immigrants crossing borders in recent years,y would think that proof of citizenship would be a common sense politick policy. democrats are obsessed with defeating this bill, why is that sir? >> we saw that 19 states blue states said okay we'll

give driver license to illegals, that will allow them to vote. social security officer if they go to social security and sign up, they are asked to register to vote. it is out of control, they will vote as many people as they can. i was in panama this week talking to people at border there, it is not 10 million is closer to 20 million that have cam across in our country. they are scared to death down there that this not just venezuelans coming across but also africans that are isis they are coming in droves we have a huge problem of terrorists, illegals voting that is what the democrats live off of, they have nothing else to play with other than getting power back by the illegals voting. >> last point, you mentioned foreign policy and terrorism. a good article in "wall

street journal," trump is not threat to nato. trump is not threat to nato, it is the china and russia and iran axis that is threat, you don't see mr. bi biden taking any successions he told george stephanopolous i shut down putin, i don't know what he shut down biden said don't and putin said i will do, went into ukraine and still there. what is up with this? why does biden think he sucker nighthe is shutting down nato and. >> pay your dues. do what you need to do but help out. but we haven't -- american taxpayer has paid it for years, joe biden shown weakness on everything he has done from israel to

yemen to ukraine to taiwan. there is no leadership here, we have to get leadership or we'll get overrun by a lot of people, not just two or three, vi we have a lot of things going on africa is exploding, russia is going to africa takes over our bases, joe biden has said nothing about it we lost faith from our former allies, all over the world. larry: wow. wow. all right we'll talk more thank you senator tommy tuberville. >> thank you. larry: coming up on kudlow. trump policies, like securing border, really inflationary? i don't think so. steve moore, david me malpass will weigh in on ya know, if you were cashbacking you could earn on everything with just one card. chase freedom unlimited. so, if you're off the racking... ...or crab cracking, you're cashbacking.

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larry: fed chair j. powell and cbr director on capitol hill testifying, edward lawrence live with details. reporter: i am at nato summit this connections to fed chairman in that. the president would like to see nato members pay more for their own defense. fed chairman set up possibility for rate cut in

september because americans are paying more because of inflation he testified powell testified that leaving rates higher could harm the economy more. >> our economy is slowing. is it not? >> yes, although still growing at a solid pace. >> our unemployment rate is rising is it not? >> yes, it is although the labor market still strong. >> our labor market is slowing is it not. >> yes. >> most people if you ask them to define bidenomics, they would say that is easy we get to pay more to live worse. >> i couldn't touch -- that sentence with that word in it. reporter: powell did admit that labor market is weakened that could be a risk for inflation on labor side, some of thi

manufacturing not creating many jobs these days and it could slow consumer spending, republican pressure powell on a rate cut before a presidential election. the fed chairman avoiding that subject. and cb o director sounding alarm on the spending in washington but said the -- >> he said there is a 9 trillion dollar increase in gdp from immigrants coming in adding to liquo labor force and pay taxes and deportation would reverse that, there would be a negative hit to gdp. and revenue would go down. reporter: he said that budget deficit and federal debt have gone up because of actions this president has taken. >> all right edward

lawrence. joining us now steve moore, and david malpass. >> this guy swagel saying that open borders of a terrific idea, probably inferred it kept inflation rate down, i got wall street hedge fund guys telling me it will be terrible. the open border really that was a good idea? we have this story all wrong, steve the whole time? it has been great for the economy. public safety suffered? intefentanyl and crime and bangs what is god's name is he talking about this swagel. >> no question that

immigrants are a benefit to the country, when they come in legally, we do need more legal immigrants as birth rates fall, what biden has done is contaminated the immigration process by saying anyone who gets to bored kerr come in, can -- border and come in come in. that means drug runners that is criminals that is people out of mental institutions that say danger to our economy. and so, i would favor is let's get the border secure, it was secure whether trump left office, he achieved that, and he said you were there, he gave the speech, people graduate with advance degrees, people are you call them brainiacs, that i want to work hard we ne need them but to this point you made. people get confused. when trump left office there was no inflation, last 4 months of his president see inflation rate was less than

1.5% within 18 month it was 9.2%, how can any rational person accuse trump of being one who will cause inflation? that is ridiculous. >> running essentially the same policies. >> yeah. larry: lower taxes and less regulation and drill, baby, drill. to the dollar. but david pa malpass. illegal immigrants to extent they work there are disputes about how many of them work we're paying a impeac fortune in housing and food and welfare and healthcare. housing prices have been driven up, prices on all sectors are driven up by immigrants that are not working. to the extent they work they have displaced native american jobs, i don't understand how swagel in his position as director of cbo,

i bet there will be a lot of comment and criticism about this he says, this flood of illegals was a blessing. we don't understand it. i don't know that is was a blessing. i i don't think that is anyway to run a railroad, and if you want immigration, as steve said, let's have merit-based system for legal immigration. period. end of sentence, what do you think mr. malpass? >> he was not measures per cap dark if you think about this, that as there is more workers but doing the same amount of work, you will get less wages that is what we saw, that is what we see in projections, one thing this concerns me with current policy, the cbo, same guy is protects 2% or less growth for 10 years this weak outlook for the u.s. and they are trying to say that is good enough. good enough for us. and i don't think it is. it is not enough to lift people up from the bottom.

trump's policies, are what i would call counter inflationary, you named some key elements if you have oil prices down because you are produces more that will feed through the whole economy. and allow more manufacturing in the u.s., more jobs higher paying jobs and i think that is what cbo is missing in their quote. larry: i -- he will take a lot of criticism for essentially promoting illegal immigration, that is what he did, the number, they are while coin versal. -- whil highly controversial. david malpass, u.s. dollar at world reserve currency. that is in the trump platform. it is repeated several times. i think that is a tremendous thing. king dollar still lives. trump does not want to cheap dollar he want wants america first dollar that is

counter inflation airy. >> it is right and a powerful statement you put it in platform. and you campaign on it then it is a mandate for leadership. so, that tells the world you will have a currency that's people want not just this year, but 10 years from now, 50 years from now 100. that is standing up to china, unthey have said, they want world to use their currency, this is trump coming back, saying no, that is not the way it works we'll have our currency still valuable to everyone. this implies a lot, you said it in opening that. for the policies, markets can be confident that we'll have a strong dollar, and that it will be noninflation year, and it makes a good place to investment let's stick with that, build policies, round that and you mentioned important, is the

some restraint on spending growth biden is saying the opposite, not talking about the dollar. larry: back to steve moore. basic point is, if you have lower tax rates, and you have a strong reliable king dollar, i would argue that is pro growth, and counter inflationary. i don't know what some of these hedge fund managers are talking about or politicos, it is we have seen this movie before, lower tax rates in first term, steady strong doing ar in -- dollar in first term. you can punish unfair trading practices that is not a problem for inflation, illegal gre il immigration was slow to a trickle this is slow growth, and wall street has story wrong. >> the three of us are old enough to remember the

reagan era when big disinflation in economy happened in 1980s after jimmy carter handed off 9% inflation, it was the tax reductions. right, and it -- the tight money created by fed under vokvolcker and 40 year period of low inflation, people almost forgot how sinister inflation could be to family incomes until joe biden came in. here is the thing that is really troubling to me, joe biden's economic plan if he has a second term is to raise taxes that isa it, i'm raising taxes on the rich, how in the world do you grow the economy with higher taskss? >> can i justed, you look at history, when you increase tax rates inflation goes up. you lower tax rates inflation goes down.

why because you have more demand, chasing few are goods, that is what happens. or you have same demand chases fewer goods if trump cuts tax rates he will stay in the corporate tax and lower individual taxes. and that i against anonymousa. >> pea. i a. >> quick point, more growth, and lower interest rates allow its. >> yes, it is supply side economics. low tax rates. solid, stable dollar. that is a prescription for noninflationary economic growth let us not forget that steve moore thank you so much david malpass, and coming up. trump's platform issues will decide this election. and folks are wonder, who is his vice president going to be? well rich lowry and alex

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jim: wh. plan. larry: who is running the show. peter doocy was there, who is running the show, what is going on there? reporter: larry, as president biden is waiting to figure out if he will have a united democratic party behind him in november, he is relying more and more on members of his immediate family including the first lady, she is one they dispatched to battle ground states to stump for him this week, she is one according to former house speaker mccartney overall office negotiations with lawmakers. >> -- mccarthy i in the oval office. >> the president is the president of united states, he makes decisions. reporter: we had a chance to

ask about a new concern from house intel chair mike turner who wants to know what hunter biden is going in official meetings and whether or not hunter biden has access to our nation's secrets in the meetings. >> there is a report that aides were struck by his presence during the. >> i am not getting into private conversations. reporter: can you say in hunter biden has access to classified information. >> no. reporter: in president biden is reelected to a second term he commits as of today to serving a full term to 2029. larry: all right, peter doocy, there you have it. let's talk we have rich lowry, ale alex marlow. and kim strassel. fox news contributors. it is an interesting

question, what is hunter biden doing? hunter biden has a lot of national security information, from his various dealings with china and russia. and the ukraine. and romania, he may know more about national security than his father. >> well he has no role being in any of the meetings, this is say taste of what democrats are now stuck with from now until november if they decide they are going to keep biden as their nominee. we had press corps cover this up but now it is all in, and already committed it didn't buy the argument that biden had an off night, now we have stories he has been slipping for a while, if they keep with him there will be stories day after day about his day-to-day performance. other stories about past episodes and who is advises him and who is in charge it

will only get worse not better. larry: alex marlow, low energy democrats nominating ultra low chemistry biden. i think that biden will carry the day no one wants to stans stans stand up to him, public will look at this, the convention in chicago will be virtual. it is like, you know, can't anyone shoot straight? reminds me of the early days of new york mets. >> what is interesting this information has been available to people, joe biden is name usually a family guy, his inner circle, has been valerie, jill and hunter, since his early days this is 50 years, we're acting shocked that he is not swayed because the owobama podcast bros think

s it is time for him to go, he does not care, only cares about what those three people think. >> if he beats a disorderly humiliating retreat, can he be sure his family is taken care o of. i think democrat democratic donors should talk about what sources of income that we can create for the bidens, maybe you can get him out. larry: hunter biden knows a lot about national security, he had dealings with china, i say -- >> and energy. larry: this is reality, china, russia. ukraine, romania, uzbekistan there are too many. and all of biden family had llc's and hunter is now sitting in on everything, that does not just

edith wilson ran. >> it looks terrible. >> it does. >> has white house press secretary ever had to say the words the president of the united states is the president of united states. this is out in the open we knew it. it is slow she more slowly more and more reporting, reporters feel they have courage of truthfulness. larry: kim tras e strassel who'll be mr. trump's vice president at pick. >> i had michael whatley on, he said, there has been talk about the three candidates but there is talk about many more. and suggests that there a wider field than people are talking about. i am more concerned -- to me, this is a big moment. not just because of vice

president and their u i' importance, if trump win he's has 4 years, he is anointing the next standard bail, a couple guys on short list not as pro growth as i would like, i hope that is top of mind. >> that say very important point, we' growthiest vice president possible. alex marlow who is the growthiest? >> i don't know who the growthiest is, i think they will all do pretty much when president trump says it is his party, these are trumpian ideas. none of that shocks me the names these days jd vance, and america first guy military background. as a marine. that perries some bs suckers and losers claim they try to

pin on trump. they try to tar him with that, name is is rising is marco rubio, very complicated since both from florida. i think rubio could be helpful to the group of people who dislike both biden and trump. he is a familiar face. and he is one that seems to be rising, but then you hear burgum and youngkin. i really don't know where trump will go with it. larry: rich lowry "new york post" and "wall street journal" edoverri editorial pages suggesting gleglen youngkin. >> among dark horse candidates. i think youngkin would be the most appealing, not just he could appeal to double haters, if you can flip virginia the map changes, you don't need to win any of blue all states at this point.

larry: kim, the last word. glen? >> he would be really growthy. i like that. i just think we talked about vance, rubio, they are some fans of industrial policy, pretty tough, want to take to corporate america. you know, i am not sure that gels with the growthiest idea. you have. larry: you know growthiest, i worked in white house that was my favorite line. i want growthier. i want low tax rates and strong dollar, and i am reading that in trump's new platform. low tax rates and dollar remains world's reserve currency that's is a prescription for -- wait for it, economic growth. and energy. rich lowry, democrat have no energy. all of energy is with trump. >> absolutely. joe biden has suffered worst two weeks of any

presidential candidate in memory. >> that is it, you are terrific, thank you. let's be growthier, rich lowery, ale alex marlow and kim strassel. >> we'll have wyoming senator cynthia lummis when crow daughter: hey, dad. dad: hey, sweetheart.

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the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title.

larry: question is will oil companies turn their space olspigots back on if mr. trump wins in november, asking wie wyoming senator, cynthia lumiis, for trump will drill, baby, drill, that is a big deregulation move. maybe day one. question, i have for us, i heard this from investors, and some money managers, will the oil companies turn their spigots back on? or will they begu begun shy. >> gun-shy. >> i think it will take time after president trump reduces regulations. makes it easier for access

to oil and gas drilling. so, it will take smel them time to relocate drilling rigs. it will happen. because the momentum is there. and the president will make it happen. very shortly after he takes office. larry: 85 dollars a barrel is a very profitable price for producing oil. so i mean that there that. some people are worried that they might not have confidence, mr. trump will do it but 4 years later someone else will come in knock regulations back, uncome with another green new deal. >> yeah, and who could blame oil and gas companies for getting whipsawed, they are not only getting whipsawed by biden era regulations and progressive democrat ideas, but they are getting whipsawed at the banks. some banks don't want to

lend to oil and gas producers because of their crazy esg policies at banks we're trying to stream line that too, sending's sig inspesignal in early months of trump administration we're open for business, the banks will lend, oil and gas rigs will be available for drilling on public land. i get, we need to show them that they can confidently do business in the united states that we'll be energy independent again and that we'll export lng and other products overseas, we have to do it for geo met geopolitical reasons to protect our allies. >> very important security reasons. in the platform, i will read you a crypto segment. republicans will end democrat unlawful and un-american crypto crackdown

and oppose the creation of a central bank digital currency. and will defend the right to mine bitcoin, mr. trump is 4 score behind. crypto currently mining of bitcoin and this federal reserve idea that we'll have some kind of a central bank digital currency. >> larry, i love the new republican platform that was written by donald trump. it gives us our marching orders, you can feel in the u.s. senate today, i am in the rotunda. it just feels different today. the republicans are united. senators saying this is our agenda. this is something that we cannot only run obut this is something that we is enact in take forward as policy. so, no central bank digital currency i, i am so happy about that, that say mines of surveillance of -- means of surveillance of american

people, but make sure that people can have individual wallets for their bitcoin, they have to sovereign over their own money. we know we want the u.s. dollar to remain strong, and having bitcoin in reserve can help the u.s. dollar remain strong. so many of things that president trump said in the republican platform, about bitcoin and digital assets will make america stronger and u.s. dollar stronger and will protect bitcoin mining in u.s., i am so excited about the republican platform, and i look forward to being a u.s. senator whether presid-- when president trump is back and republicans in majority in senate and we can move the pro growth, you called a growth era agenda. >> i love that word. -- growthier. >> it is. >> it is growthier, and fabulous. >> thank you senator lummis, terrific stuff. >> all right, i'll be right

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larry: that's it for kudlow, thanks for watching, folks. ♪