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tv   Kudlow  FOX Business  July 25, 2024 7:00pm-8:00pm EDT

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visit indeed.com/hire ♪ i'm gonna hold you forever... ♪ ♪ i'll be there... ♪ ♪ you don't... ♪ ♪ you don't have to worry... ♪ larry: hello, folks. welcome to kudlow, i'm l arry kudlow. so in first days of
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campaign, kamala harris has steered to the left. we'll talk to david malpass and scott bessin. first up edward lawrence at the white house, it wouldn't be a good day without edward lawrence by the white house, what's cooking. reporter: markets might think it a good day we were up at one 51 but finished 88 up. market lost steam but push by this administration to look past, ignore the 19% increase in prices since president biden and vice president harris got into office. in a statement about gdp today president biden said, thanks to my and vice president harris' economic agenda our economy grew robust 2. 8% over last quarter. he neglected to mention government spending adding to the gdp, vice president cheering on policies this
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put the economy in the shape it today with no specifics. >> today, we face a choice between two very different visions for our nation. one focused on the future. and the other focused on the past. and we are fighting for the future. reporter: fighting for the future, she cast deciding vote to pass domestic rescue plan that pushed inflation and to move along inflation reduction act and supporting all spending that president biden signed into law and people are still struggling to pay bill. >> a cnn poll that says 39% of adults worry most of the time or all of the time their income will not be enough to meet expenses, prices up 19% since president biden and kamala harris came into office, how long did americans have to wait to the worry goes away. >> look too many family
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still struggling to make ends meet that something that president understands. and that is why he works every day to make sure that we address these issues for hard working americans. reporter: still no answer to when the higher prices will come back down. larry: thank you very much edward lawrence. tax cutters win. tax hikers lose. that the subject of the riff. lead "wall street journal" editor call today reads in her campaign debut kamala harris steers left. nobody should be shocked. she talked about student loan cancelations, new entitlements for healthcare, child care, seniors. and more progressive culture war banning guns overriding state aboard limits -- abortion limits and tax hikes. and the ban on oil and gas fracking.
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all this befits a good solid left liberal progress 45 san progressive from san francisco. this is the beginning of the campaign, here is one i fore got. kamkamalaflation. by carney. very important vice president harris, cast vote for joe biden's two biggest and most inflationary spending sprees, march of 2021, she kept tie breaking vote for so-called emergency rescue plan -- american rescue plan, 1.9 trillion dollar special that launched a 9% inflation rate. and still today the long tail of that inflation surge has caused an affordability crisis with a more than 4% drop in average weekly wages
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for middle class working folks. even that was not enough for the bidens spending appetite. in august of 2022, vice president harris cast the tie breaking vote for 1.2 trillion dollar misnamed inflation reduction act. there is more of that kind of over spending and borrowing should she be elected president. she never talks about economic growth. or making the economic pie grow larger, two staples of mr. trump's economic platform the contrast between president trump tax cut and kamala harris tax hikes, could not be any clearer. on these economic issues mr. trump has a huge advantage. i have always believed that tax cutters win. and tax hikers lose.
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just call it growthier. joining me now david malpass. former president of world bank group, we're looking for scott let's play sound from ms. harris on campaign trail. >> donald trump and his extreme allies top take our nation back to failed trickle down economic policies. back to union busting. back to tax breaks for billionaires. >> all right failed trickle down policies, unions, i forgot the third one. failed trickle down policy david malpass? you are former ur y under secretary of the treasury. in all seriousness.
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we were involved in the tax cut, was they failed trickle down policies. >> they were not, median income went up, workers did well there was more manufacturing that is core of policy, you have to have a growth mind set, i think that what the current economy is doing elitist mindset, not benefiting anyone within the economy. and as you look at thing that concerns me is forecast for biden-harris economic plan. cbo put out new numbers in june growth in 2025 falling to 2%. and then down from there, 1.8%. that is not enough to benefit people in the manufacturing sectors. that are so important to the outcome. larry: can't we do better than 1. 8%. just --just -- today a gdp repot was up 2.8, first half of
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year 2.1% growth, 3.3% core inflation. i'll repeat question, condican't we do better. >> we have, in reagan in 1984, morning in america campaign, 7.5% growth in this second quarter gdp you have 2.8 on hand and 7.5 on the other, i would love it if biden-harris said we really want the economy to do well. and so that means we'll change our policies. i think that burden is really on them and on her to say what are you going to do differently that brought to us this slow growth point. are you going to change your policies, anything going to be different, otherwise cbo has forecast it way down, for all of the way out to the foreseeable future. larry: that is what i asked. you know looking at the
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"wall street journal," editor imial today at outset she is leaning left, no evidence kamala harris will have a different spending policy or different tax policy or regulatory policy, she has been vocal nenin ending fracking, the war against fossil fuels, i don't see any i evidence that anything would change, there is evidence she may govern to left of president biden. >> they keep saying this is good enough, they keep repeating idea that this economy is good, that does not show up in data or as you showed the people's sentiment indicators, people know what is going on. and they know that there should be some plan for the u.s. economy at some point to do better than 2%. and they just down have a plan trump does, if you cut taxes you produce energy alone, you know, it will help all parts of u.s. economy.
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it will help the whole world. you can float the world that means buyers for u.s. products, and you turn it. by changing policy from one we're doing. larry: who is -- we have sccome on i hear you there. there you are. nice. >> h larry: nice of you to come by, we got off to a head start bringing you in. for starters, we have first half of year. gdp up 2 .1%, inflation up 3.3, i asked david malpass, condition we do better than that? scott? >> sure, we can, and we have done better we did it better under president trump we had
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solid noninflationary growth. and the real story of the biden-harris economy is we had a government demand shock that was met by a regulatory that is how we got inflation no one knows better than you under donald trump we have private sector demand shock met by deregulation. >> is there scott, is there any evidence, we talked in the show, "wall street journal" editorial. first couple days of her new presidential campaign. ms. harris is leaning left talking about entitlements and tax hikes. shy wants to sign on to bernie sanders nationalize health care bill, that is 3.2 trillion. i mean is there any evidence
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that she might change biden policies, mindful she was divisive tie breaking vote for big inflation bills of '21 and '22. do you see any evidence that kamala harris will behave any differently if she were president? >> no, i think it would be more of the same on steroids. as you rightly mentioned. she was the tie breaker for the american rescue brand and the ira. she owns those. if not for kamala harris, casting the deciding vote they would not have passed. if m manchin and kyrsten
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sinema refused to quote vote for them. they is a california -- i don't want californiacasion of u.s., i think that market sniffing it out. i am one who coined phrase, the trump rally. i think yesterday we had the kamala crash. larry: let me play sound here is mr. trump on the growth trail on the tax cut trail. here comes sound. >> we gave you already the largest tax cut in the history of our country. we'll slash regulations. we'll bring down energy prices very rapidly, we'll reduce your taxes. still further we gave you the biggest one as i said we'll give you more. and it will lead to tremendous growth. we want growth in the country. that is what will pay our debt. larry: david malpass that is most any presidential
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candidate in a c convention speech mentioned the word growth. he talked nothing but growth. tax cuts and deregulating. i think that appeals, i think growthier wins and tax cuts win. >> think who the audience is, if you are a small the business that hires people that sounds good, you look at biden and harris, they purtput their budget out in march, which is for much more taxes, the market does better under trump and people who employee new workers do better with this, the oddient has to hear this -- audience has to hear this and would rather have that future. larry: scot beesnt, a
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president that says i'll cet your facts give you an immediate came increase by lower taxes. that is an optimistic president, but that creates a confident hopeful electorate. the last word scott bessent . >> american people want prosperity, they had if before. i think that we have seen for three 1/2 years under biden-harris economy they have spent, and spent we have run-up the debt. and we will have to reprivatize the economy. larry: coming up is trump abo pivoting from kamala harris to bi to biden, we'll ask kellyanne conway about that coming up.
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larry: bring why our great friend kellyanne conway. fox news contributor. host of here's the deal on "fox nation." welcome back. >> thank you, larry. larry: been a couple hours.
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my question to you, is mr. trump pivoting to deal with kamala harris who is different from joe biden and let me play sound from his rally in north carolina. >> she said that a 70 to 80% tax hike is quote, a bold idea that should be discussed. 80%, you know i gave you largest tax cut in history, she wants to take them away and increase your taxes. larry: and reminded people she favors bernie sanders national i'd healthcare 32 trillion dollars. in your judgment, is he pivoting enough rapidly and getting his message across. >> yes, president biden has done a great job pivoting, not letting her forget she is the second part of the biden-harris disaster.
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but, kamala harris gives a new treasure trove of clips, positions, of really radical ideas that were rejected by democratic primary voters in 2019. she left that race her own race for president with her staff in shambles angry with her, a guy gill doran, quoted saying if you can't manage a campaign how can you manage a countryo a worm. world. she left with as many electoral votes as you and i got, zero, she was too liberal in a p primary where bernie sanders and elizabeth stayed. the important policy -- she is to the left even of joe biden who ran and promised in his address to be a unifier, she makes no such
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promise, we have gone from scranton joe to str san francisco kamala. larry: biden was a fake liberal but she is a real liberal. that is what trump said, and newt said, she is the san francisco liberal. that jean kirkpatrick railed against the many years ago in reagan area, the democratic party rejected those politics when she first ran. you think that the whole trump apparatus has shifted and they have their focus is on kamala harris? >> sure. i just like to see more of everyone doing that for him as well. he can't be only messenger. this is the other thing, i would do less about her race and her gender and this that and the other much more about policy. she has the way of talking where she says let's have a conversation about that and study and discuss that, that is usually, crazy stuff. she is out there in the very
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crisp sound bites, sometimes more substantive. pushing thins that are totally out of sync with america not just our beliefs but also what we're telling pollsters are most purpose, if you stick with big issues, economy, inflation, border and security, and immigration, she is on the wrong side. even israel and hamas took her way too long to condemn what happened yet yesterday, this is two issues on which biden-harris have been struggling against trump. >> why -- you have trump on school choice. and you have kamala defending national teachers union. which is most retrograde union in america, there is another contrast. >> huge, and one that trump campaign answered in kind today, i was happy to see them distribute donald trump add an education president and talk about his accomplishments and f
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beyond conventional school systems, i think that three years after covid was done, 4 years after, we still are not having enough conversation about lost learning, mental health problems that a lot of teens say they have, they are saying it. the you know, kitchen island is a classroom, screen time is school time that hurt the kids, kamala harris is answering that to go to houston and accept endorsement of second largestty offer union, and randi weingarten helped to keep those kids locked up and masked up. donald trump refusing to let people prevent kids from all backgrounds of exiting the fail schools and letting our tax dollar follow that child to a school to get a quality affordable education. this is something that should be no be.
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>> let's go back, you said mr. trump can't do everything. i agree with that. a lot of people are concerned, i'll put myself in that camp, jd vance has a lot of good things to say at the convention his story is good up from poverty. but for some reason, in all his appearances, while mr. trump talks about tax cuts and growth, you don't hear those words from jd vance. i don't know quite what to make of that? >> hopefully we will. i think he is new to the trail. not new to senate, but the trail. hes, co's president trump's policies against bidenomic and you might -- free market capitalism, we do need to hear it from him, it is the arc of his story
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you just down get out of poverty and that up bringing, and you go to yale that is it what else happened. >> sh he is for school choice. >> finish the arc of your story and talk about how to make sure other people to have that american dream is to have capitalist policies not socialist policies, and get to board with healthcare, you want to reach women, this -- we are chief healthcare officers of the households we control 2 out of every 3 health care dollar spent it not just covid and touc fauci and trip prescriptions and abor abortions. this is a sleeper issue, i don't know why republicans don't talk more about it. and there is a new gender
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gap in politics emerson college came out with a new poll in swing states trump versus harris here, is up among men, s leads among women by single digits. >> that is it. kellyanne conway the best of the best. you do anything else today? >> taking my kids to see billy joel in his last concert. larry: fantastic. thank you very much. >> coming up, fbi director christopher wray said trump may not have been hit by a bullet. really? really? this is the fbi director? good heavens. that is all i can say. congressman dr. ronny jackson. who examined the president hours over the shooting will join us next. with congressman scott p perry to rebut this most ridiculous assertion by the fbi. i'm kudlow we'll be right
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larry: joe biden talked to the nation last night after exiting the house, peter doocy, has whatever -- i would say all details peter, i'm looking for details. you tell us. reporter: so are we, it turns out that president's address is just the beginning of a long farewell, there is more to say, president biden is not ready to share it yet. >> maybe there will be more that he wants to share, it is an emotional moment for everyone, including me, an emotional moment, you know, this is you know you do these jobs. they don't pay all that well, as you know. reporter: as focus now shifts to kamala harris as democratic standard bearer, democrats are desperate to distance her from a
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disastrous few years of border crossings, with a list of talking points to elekedelected democrat on hill. >> first one said vice president harris was never appointed border czar. it does not exist. why are democrats so sensitive about the vice president and the border? >> why are republicans so sensitive about not owning up to them getting in the way of a border deal. why? why won't they own up to that, to the last president told them not to move forward. it was a bipartisan deal, on just right there. available they voted twice against it. twice against it. reporter: vice president is now back in washington dc after some political stops in houston, texas. and she is about to have her own sit down with benjamin netanyahu, president biden had his she gets her own, any minute.
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larry: peter doocy, can't wait, thank you for that update we appreciate it. >> all right. we have another slightly different story, fbi director christopher wray, i guess yesterday, said it was not a bullet that hit mr. trump. really? joining us now pennsylvania congressman scott perry and tech particular congressman dr. ronny jackson former white house physician. we'll play quick sound on this. here it comes. >> with respect to former president trump, there -- some question about whether it was a bullet or shrapnel hit his ear. larry: ronny jackson you examined him, what is wray talking about? do you agree. >> absolutely not, this is ridiculous, this degrades any level of credability that this man may have had
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after years of weaponizing fbi and doj against the president. it was a bullet, i examined it it was ack of a bullet, it was scooped out as it would be. it had telltale other damage associated with it surrounding tissue in the ear was swollen, and edemaous that goes with frahma from a high velocity bullet as it passes through tissue, a hallmark of a gunshot wound tissue around the bullet track is traumatized and damaged that would not have from a piece of glass or a fragment it was a bullet, everyone saw it the whole world witnessed what happened this is why this man is being butchered it of the on live television -- it was on live television. larry: ronny, i heard that the pollute ricocheted and
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injured one of impeachment. one people in the crowd. >> that bullet went somewhere, it passed through the top of his ear, they have to find out what happened to them it is irresponsible for this man to make those comments as sitting fbi director he just ads fuel to fire for moranmorons and assassination deniers that they are trying to minimize what happened to president, he almost died, close as you can come to get. close as you can get to dying this was a big deal. and for them to try to minimize it, piss me off. >> scott perry, bring you in on this this is why, i mean i argue that to the speaker blast night, and i said it every night this week, i don't want the heads of fbi, in washington or heads of
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secret service in wash or heads of cia or justice department i don't want them running this investigation. the congress an task force, may be fine. but i don't want them to in and way rely on the heads of these agents, for all of reasons that ronny jackson talked about. i don't want it, let's go to the rank-and-file, let's bring in some expert investigators not rely on the agencies. >> yeah, i agree with you. i think that christopher wray must be reading tea leaves 6 months ahead and auditioning for his next job on cnn if you make a statement like, that y you better have credible answer that answers the charge like representative jackson said, we all saw it happen. and you continue part of this continued three-ring circus of biden administration, democrat party and left in general, we cannot count on the fbi,
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doj or this secret service to do any investigation here. which is why the speaker made a task force that we just voted on to over see this and look at it as ronnironny jackson said americans don't trust premier investigative services we have been lied to over and over again. and right in front of our faces, what 12 days ago, we all saw it now they are lying well, it or at least offering explanations thatten t don't make sense and not answering a lot of questions. >> real fast. scott are you satisfied with the task force? concept? >> it has to be outside, we have to the rely on the normal agencies. that is close as house of representatives come.
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larry: ronny jackson what do you think? >> i think that task force is a great idea, like scott said, we dean and any confident in the number one law enforcement agency in the country right now, if he will come make statements like that's better have evidence. there was no fractured palace to the tella prompters or anything else,. larry: yes, sir, get it thank you so much. we appreciate it. scott perry and ronny jackson, appreciate it very much. >> joining us now. alaska senator dan sullivan, can you tell me, netanyahu is meeting with biden. confthen meeting later with kamala harris, he gave a brilliant speech yesterday. >> he did. larry: he has to meet with both of them, does that mean we'll have two separate policies toward israel right now, maybe they are both lousy, can you walk us through this?
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>> well, the speech netanyahu gave yesterday was outstanding. in part because he framed the issue that is at stake with regard to our national security and israel's and it is iran. they are puppet master was chaos, all throughout the middle east, they are at war with the united states and i will tell you, i certainly hope in these meetings with president today and with vice president, that netanyahu says, your appease ment policy against iran is not working. i fear kamala harris is more anti-israel than biden it will be purpose he meeting with both -- importantly meeting with both, but, no appeasement from bi biden administration that say huge fail or on their part. larry: what do you know if anything, is kamala harris' view with respect to the israel war against hamas. it does not sound to me like
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she wants total victory or some call hamascasion, that bibi netanyahu should finish the job, you tell me. what do we know about her policy. >> well her policies are opaque, but, they are to the left of joe biden. by way, her policies to left of joe biden's on almost everything. but with israel, i don't think i heard her once say this phrase, which is israel should have opportunity and means to destroy hamas. that is a what we're saying. right after october 7, that is what i still say, that is what prime minister netanyahu said yesterday, i never heard kamala harris say those words. she is always talking about a ceasefire. and unfortunately, i think she is behind this issue of delaying weapons to israel which is a scam and outrageous. larry: outrageous indeed.
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senator dan sullivan thank you, sir appreciate it. >> thank you. larry: coming up, question is, have democrats rallied around the worse possible candidate? we have charlie hurt and byron york keeps saying it, he may be right, i'm kudlow, we'll be back with those two. (♪) (♪) voltaren... for long lasting arthritis pain relief. (♪) i'm out here telling people how they can save money with experian. do you have a lot of subscriptions? like the streaming services, music, fitness apps? probably like 6 or 7 around there. i do. i have a lot. what if there was a place where you could see your subscriptions and cancel the ones you don't like, all in one place? experian has that. oh, wow, i love it. i need that. and you could save $270 dollars a year.
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>> i love my country more, it's been the honor of my life to serve as your president, in defense of democracy, which is at stake, i think it is more important than any title. larry: i don't know what that means, joining me now charlie hurt. fox news contributor, byron york. chief political correspondent at washington examiner. i don't know, charlie, help me. what? i don't understand what he said. he just di disenfranchised 14 million democrats that voted for him, i would saw that is not defending democracy. why did he drop out? he didn't tell us why, did he? >> no, he did not. and had just i think further
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underscores fact that the only reason he dropped out because he was losing in polls, they didn't like it, they are in favor of democracy until this costs them an election then they throw it out. i don't get that everyone talking about how selfless he is, there is nothing selfless about that decision, he was forced out not like his own decision. >> byron, it was a push, soviet spill communist push. >> american people deserve to know what actually happened. because, president biden was totally ready to go he said it was the full speed ahead, seven days ago he contracted covid, then to isolation, and then under pressure, from his party's power brokers, he decides he will withdraw from the presidential race. shortly after saying, he was in it for the long run. american people deserve of how this happened.
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president biden had a chance to give this last night, he didn't. larry: is it p a campaign issue, charlie hurt? >> i think the problem is actually to the heart of credibility. and the thing with kamala harris, what did she know? when did she know it and why did she spend all this time trying to cover it up. i think that she has a real credibility problem anyway, even things that people make up if of her about like her laugh and weird things she says. and her evasiveness about responsibility for the border. it all goes to credibility. and so, in -- big picture, in terms of you know how long -- what did see do for how long to keep this cover-up going goes to heart of her credibility. you know, politician who loses her credibility, you -- they don't get it back. and you don't recover from that. it colors everything -- you
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don't get -- you don't regraregain poll layer tie. poll layerty. larry: like what do you know and when it she know, making him out, saying he was greatest president we had. when did she know, when did she know it byron, you say. that dems have gone to worst possible candidate. why is this? >> you know, well, i think she probably is the worse possible candidate, i think she proved that in her 2019 run for the democratic nomination. it was not good enough to make it to 2020. so, i think she proved that at that time. and what we'll see though,
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is the democrats didn't have a lot of choice in this. she is the vice president. the constitutional successor to the president if he were to die or become disabled. ing in, the democratic party is obsessed with identity, with race, and gender. the question is, would they push aside the first woman vice president of color in favor of someone who might poll a little bit better i don't think that would happen, even if they had a slower process that's might end up in the same place which is kamala harris. larry: really. what fun. you know, charlie. o the point that jason raised identification, jason riley, african-american columnist are in "wall street journal" a very start guy we know him, he is writing in journal. kamala is not the change that democrats need it
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echos what byron is saying from a different perspective. >> you know you play all these identity politics and you wind up with the dei candidate, vice president, who by the way, after joe biden picked her as his vice president he talked about her as a chief dei person in his administration. the idea they are running away from this now is funny, but the ultimate thing that exposes democrats, media is open let's talk let's talking about how she can't pick a openly popular governor from pennsylvania shapiro because she is jewish. that is where we are with these people. and i can't believe that i am repeating it i can't believe they are saying it. openly, in public. it is just shocking. this is the real end result of identity politics and dei. toxin. >> byron, who is she going
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to pick, who do you think she will pick? >> well, all speculation is that she is looking for a white man. to be her running mate, mark kelly, the senator from arizona, who was an astronaut, has seem to have a inside track on this. possibly josh shapiro, i know what charlie said. it look like people like gretchen whitmer who was considered. said she wouldn't take it. and are not in the running. larry: all right, thank you gentleman, charlie hurt, and byron york. i'm kudlow, be back with the last word.
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larry: that's it for kudlow, thanks for watching, folks. -(theme music playing) -♪ bad boys -♪ whatcha want, whatcha want ♪ ♪ whatcha gonna do ♪ when the sheriff john brown come for you? ♪ -officer: you better stop, man.

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