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tv   Kudlow  FOX Business  July 29, 2024 4:00pm-5:00pm EDT

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20% tax. there is talk by vice president harris to make that 40%. i mean imagine, 20 to 40% if she wins. in addition to that, you're looking attacks with, corporate taxes going from 20 to potentially 35%. that is what she wants, if she got that we would be the highest taxed corporate state in the world country in the world. so take some of those big wins that you have in these large companies and diversify buying smaller and small value companies. there is over 8,000 stocks you can buy on the u.s. market, not just seven. liz: you say u.s. steel and a harley-davidson, hog and x, are the ticker symbols. [closing bell rings] mark, always a pleasure to have you right up to the closing bell. we have a mixed picture here. s&p looks to gain two points nasdaq up five. no major moves.
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tomorrow sofy ceo. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. the senate judiciary committee begins its investigation of the failed trump assassination attempt tomorrow. senator ted cruz on that and much more in just a few minutes but first up fox news jeff paul live in butler, pa, with a lot of new around interesting stuff. jeff, what you got cooking there? >> reporter: well, yeah, larry, the fbi saying they have conducted roughly 450 interviews as they search for answers as to not only how this happened but why. they also say crooks, who they describe as a loaner was highly intelligent, went to great lengths to exactly what he was doing. over the past year investigators said he used various aliases to make purchases for firearm supplies as well as materials to build explosive devices. the fbi detailed crooks' behavior in the days leading up to the shooting.
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crooks registered for the rally three days after it was announced and searched how far away oswald was from jfk that same day. they say he surveiled the site and practiced at a gun range using the same ar-15 style rifle. on the day of the shooting he crooks visited butler, bought some ammo, returned to home. he then went to the rally site and flew his drone. they identified him as a suspicious person. picture of crooks with a local officer telling group of law enforcement, if you want to notify secret service snipers to look out, i lost sight of him. telling abc news there was clearly some communication problems that day. >> he was looks up and down the building, wandering around, seemed out of place. >> what do you think is transpiring once you send in what you've sent in? >> i assumed that there would be somebody coming out to, you
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know, speak with this individual or, you know, find out what is going on. >> i think we all failed that day. >> how so? >> life was lost. >> yeah. people died. >> reporter: the fbi also detailed crooks climbed on the roof not using a ladder but the hvac system and piping the investigators said he moved across rooftops, concealing the rifle with a collapsable stock, and firing off eight shots before being shot and killed himself. they found two explosive devices inside of crook's car, but appeared they didn't explode due to the receiver being off. no word when the fbi plans to interviewed former president donald trump. that is partly standard protocol with any victim in a situation like this. we do know at 10:00 a.m. tomorrow there will be the beginning after senate judiciary hearing on this very topic. larry. larry: jeff, just quickly, if you may, and thank you for the report, there is an issue here, you mentioned it right at the
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end, explosive devices in the car. i think of them as bombs. earlier there were reports about homemade bombs at home. what is the bomb story with this character? >> reporter: well, it sounds like the fbi is saying he had a couple ieds or explosive devices he made in his car. he had two there. he had one at home. the one inside of his car, they say that was ready to go. that had all of the supplies. it could have exploded. they don't know what kind of damage it would have caused but it was ready to go. the receiver on those explosive devices was not on. if he tried to detonate it, 2 wouldn't have gone off. the explosive device didn't find at his house. had all the supplies to blow up, found no receiver there. doesn't know what kind of damage it would have caused but it could have blown up had receiver been on and clicked it to explode. larry: jeff paul, thank you ever so much. folks we'll come back to this in
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just a moment but first up, no matter what her campaign claims kamala harris cannot ban her fracking ban. that's the subject of the riff. ♪. over the weekend a spokesperson for kamala harris attacked donald trump over his criticism that miss harris supports a ban on fracking. the spokesperson claims miss harris no longer support as ban on fracking or maybe she never supported one. wait a minute, when she ran for president in 2019, here is what she actually said. >> there is no question i'm in favoring of banning fracking. [applause] yes, and starting and starting with what we can dough on day one around public lands, right? larry: wow, that sounds a lot like no practicing to me. may even sound like no leasing and no fracking on public lands. now she has changed her position, but hang on a moment. madam vice president, you haven't actually publicly said
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you changed your position. spokespersons don't count. you got to say it. now whether this literally is true about a being floridaing ban or just supporting the biden-harris administration which killed the keystone xl pipeline and in fact stopped fracking in anwr or stopped fracking in the alaska national petroleum reserve, or, a greatly scaled back offshore drilling in the gulf of mexico, all those policies might as well be a ban on fracking, kind of the same difference, isn't it? i don't mean to be personal, madam vice president, this is a policy issue, but whatever you may say your war against fossil fuels policy is likely to be continued should you become president. your foreign policy has essentially dropped the oil sanctions on iran but you have imposed strict oil sanctions on alaska and elsewhere here in the u.s. the u.s. is producing 13 million barrels of oil per day, that's right now.
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roughly where we were at the end of the 2019 pre-pandemic. were it not for your war against fossils and multitrillion dollar various green new deal spending u.s. oil production today could be 15 or 16 million barrels per day and at that rate, world oil prices would be closer to $40 a barrel than around $85 and if that were the case iran wouldn't be financing a war. hamas, hezbollah, against israel nor would russia have invaded ukraine. if that weren't the case gasoline prices would be closer to two dollars a gallon instead of 3.50. if that were the case the klum latif rise of inflation during your term would have been closer to 10% instead of 20 and if that were the case, then real wages of a typical working family would be over 5% higher during
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your term instead of 4% lower. and if that were the case, there would be no affordability crisis. so you see, madam, even though you may not be in favor of a ban on fracking where such a ban dots every i, crosses every t, cancels every oil rig, postpones every investment, halts every single gas-powered car, i think you come pretty close to aforementioned fracking ban and in view of the unpopularity of your inflation, economic and foreign wars, over the past nearly four years, don't you wish you had banned that fracking ban in the first place? and that's the riff. all right, now, great pleasure, joins us, joining me now, texas senator ted cruz. we have not seen you in a while. senator cruz, i see a smile on your face. i know you like my riff. you know i liked it.
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actually, let me riff with you on the riff. i want to get to your judiciary hearing tomorrow. you're a member of the committee and it has got some serious work to do but it is sort of odd, if not exactly a ban on fracking which she did say running for president four years ago, not exactly a ban on fracking pretty much a ban on fracking, leasing production and so forth and so on and it caused us no end of problems, has it not. do you think they regret this in any shape or way or form? >> i don't think they do. in 2020 when she ran for president kamala was unequivocal she woe ban fracking, shut down oil and gas drilling on federal lands, onshore, offshore, by the way joe biden and kamala harris together that's what they have done, they have waged a war own u.s. oil and gas production. they're proud of the over 90 different actions they have taken to make it harder to drill here in the united states, to make it harder to create jobs,
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actions all have the effect of driving up inflation, driving up the price of a tank of gas and, listen, there is a lot of differences between joe biden and kamala harris but one of the most fundamental ones is joe biden is basically been a puppet for the last 3 1/2 years with other people pulling his strings. kamala is a true believer. listen i served in the senate with kamala. i know her. she believes this nonsense so this is a 100-day head fake where she is going to pretend, no, no, no, never mind i didn't mean any of that, don't count on anything this is the same campaign that suddenly claiming that she was not the border czar, never mind that, all of the trump, she was in charge of our open border. she was in charge of stopping the invasion on the southern border, exempt you know what? she viewed her job as increasing the invasion on the southern border because joe biden, kamala harris want these 11 1/2 million people to come into this
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country. all they're doing now is engaging in campaign misdirection. her radical record, she can't run away from it. larry: let's go back, let's go back to the judiciary committee, your committee. >> yeah. larry: you will enter into the investigation. the house has a bit of a head start. the house come out formally with their task force, seven republicans, i'm sorry, seven republicans, six democrats. so now, with your hearing coming up, seems like we're getting closer to some interesting issues. one of them is this failed communication between the local police and the secret service and you guess the fbi. i'm not sure where the fbi fits in terms of on the ground but maybe there were fbi agents on the ground as well. one thing i want to ask you, miranda devine wrote a tough column about this in the new york post. does the fbi and does the secret
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service have a dei problem, all right, diversity, equity inclusion? equity is a lot different than equality as you know but does it have a dei problem? is that is why there is no communication? is that why the local cops given up on the fbi, giving up on the secret service and didn't want to share or is there a more technical issues at stake here? >> look, of course that's problem and that's a problem throughout the biden-harris administration which is they put partisan politics, they put dei above doing their jobs. it is why almost everything they touch has been a disaster. it is why we saw a disasterous withdrawal from afghanistan because they put politics above protecting our servicemen and women. it resulted in 13 servicemen and women being murdered because they were so incompetent. when it comes to the secret service, this hearing tomorrow is very important. i, a number of other senators called for this hearing, i'm glad we're going to have it. we need to get to the bottom of why we saw the most catastrophic
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security failure of the secret service in at least 43 years, at least since the ronald reagan attempted assassination. there has not been a security failing of this magnitude and there are a host of questions you know, we had a briefing call with all 100 senators and now resigned head of the secret service where in that hearing, that briefing call, she dodged every single difficult question. she took no accountability. i hope tomorrow we get to the bottom of why there were so few agents who were assigned. why there was no aerial protecting it, why there was such terrible coordination with local law enforcement and larry, i believe this is what it is, this administration puts partisan politics above doing their jobs and protecting the american people. that is why they did not assign adequate protection to protect donald trump because for them donald trump was the enemy. so they were not willing to make those decisions to give the
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security that needed to be given that i hope and pray is being given at least now. larry: you know, mr. trump himself has praised, and i think rightly so, those secret service agent who collapsed on top of him. >> yes, absolutely. larry: and protected him that is a wonderful thing. they were doing their job but somehow or other, i don't know whether it was the washington level secret service or fbi, i'm so skeptical of these agencies in washington, sir. my skepticism almost knows no bounds. throw the cia into that too. maybe it was the pittsburgh office of the fbi or the secret service, you know, i'm just skeptical of the leadership, not the rank-and-file and that's why i have asked mike, speaker mike johnson and others we've had on the show, you've got to get investigators in there, senator cruz, who do their own work and do not let the top brass of these agencies, don't let them control it because you will never get to the bottom of
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it? >> right. and, larry, you're drawing a very important distinction. listen, the line agents, that detail they put their body between the gunman and president trump. they demonstrated incredible heroism. you and i know incredible patriots who are secret service agents and love this country. my concern and the failure is not on the part of the line agents but on the part of the political leadership, the leadership appointed by joe biden and kamala harris and by the way i have a sneaking suspicion one of the real reasons why biden wanted this head of the secret service in there is because she had been on his personal detail before and they wanted the secret service not to let the american people know about how badly his mental condition had deteriorated. you and i pointed that out for years, they insisted no, everything is great until suddenly he had to drop out of
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the race because it is so obvious. i think they have put politics above doing their job and so i hope tomorrow they are willing to answer questions. sadly, larry, i expect in the hearing tomorrow for them to play the same sort of dodging, refusing to take accountability and refusing to answer basic questions. how many threats were there against donald trump? why was there not more agents assigned? why were there not drones? why were there not helicopters? i expect them to dodge everyone of those questions because they don't view themselves as accountable to the american people. larry: where is christopher wray? you got the deputy fbi. not getting the actual fbi director. i think he has a lot of explaining to do. i'm running out of time, senator. i got two lightning round questions for you. number one -- >> all right, breaking today, joe biden will run against the supreme court and i bench you miss kamala harris will run against the supreme court because they didn't like the immunity question. they say they're not going for
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court packing but of course they really do want court packing just like fdr. and of course the irony is if you had term limits on the supreme court justices famous liberals like william douglas and ruth bader ginsburg would not be around too be a fame must liberals. give me a lightning round against the war on the supreme court, how bad is that? >> this is terrible. this is the most radical administration we have ever seen, joe biden, kamala harris. they were willing to try to destroy the supreme court, your honor mine its legitimacy, undermine the rule of law. why? because the one branch of government they don't control right now and they're angry justices willing to defend the constitution, defend the bill of rights, defend free speech and religious liberty, the second amendment. so they're willing to burn it to the ground. this is an assault on the protections of all of our constitutional rights and the irony is this is from the people that bang their chest and say they're all about democracy. these are actions that indicate
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a contempt for democracy. larry: last one, sir, i promise, last one, 30 seconds, jd vance, good man, fabulous story, up from nothing, yale law school. i don't think you went to yale, you went to harvard, you will concede it is a decent law school or at least a b or b-plus law school. can't get him yet, cannot get him to say that he is in favor of pro-growth tax cuts or extending the trump tax cuts or the deregulation. it's an odd story. he is good on energy. he is good on a lot of things, okay but he will not have the growth message that president trump has so brilliantly portrayed at the whole campaign including the convention and including recently. we have to have an intervention with jd vance? what do we need to do to get him on the growth side, the supply side, senator cruz? >> well, listen jd vance is a
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good man. he is a friend. he is someone i barnstormed all over the state of ohio campaigning with him, to support him getting elected to the senate to begin with but there is an awful lot in the press are focusing on jd's views on foreign policy or anything else. let's be clear, when this election is over the president will be donald j. trump and it will be donald trump's policies that matter and you and i both know what trump is going to do because he did it before. larry: yes. >> we'll cut taxes, we'll repeal job-killing regulations we'll stand with our friends, we'll defeat our enemies and we'll secure the borders and we know that trump is done already. >> i got it. i hear you loud and clear. senator ted cruz from the great state of texas. appreciate it very much. >> thanks, larry. larry: coming up next former fed governor kevin warsh, he says the fed's bloat balance sheet is the real root of inflation and it ain't over. he will be right here on set to talk about it. i'm kudlow. tax cuts, pro-growth, if you cut
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tax rates by the way you will actually increase tax revenues. think about that we'll be right back. ♪. everybody wants super straight, super white teeth. they want that hollywood white smile. new sensodyne clinical white provides 2 shades whiter teeth and 24/7 sensitivity protection. i think it's a great product. it's going to help a lot of patients. this looks like an actual farm. it looks cute on the app. [farm animal sounds] ♪ meanwhile, at a vrbo... when other vacation rentals
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i'm able to clean my house. i'm able to do just simple tasks that a lot of people call simple, but when you're extremely heavy they're not so simple. golo is real and when you take release and follow the plan, it works. ryan t. writes, "moving is stressful. can you help me take one thing off of my to do list?” ugh, moving's the worst. with xfinity, you can transfer your internet in just a few taps. just a few easy moves. did somebody say “easy moves”? ♪ ♪ oh no. no, i was talking about moving your internet. this will move the internet. ♪ ♪ ooh, ooh. -let's keep it professional. professional dancers! -ok! stay connected during your move with the best in home wifi. easily transfer your services in the xfinity app. bring on the good stuff. larry: all right, former fed governor, and man about town kevin warsh, writes in today's "wall street journal," interest rates are a sideshow in the fed
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drama. kevin warsh former federal reserve governor, now a distinguished fellow at the hoover institution. you're still teaching school out there, aren't you? >> still teaching. larry: extraordinary. the best line in this whole piece i said to you, the high priest of central bank dogma might consider it blasphemy but monetary policy has something to do with money. now we have charts up there to show a good picture of the so-called monetary base, or the fed's balance sheet. let's put the chart up, there it is. it has just exploded in the last 15, 20, years. it has come down only a tiny bit. that is the point you make in this article. it is not this obsession with the fed fund rate it is this, monetary policy is about money and money is about inflation. that is exactly right, larry. going into the meeting this week, you hear all the commentators, all the central bankers talk about will they
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cut-rate this is week or september or november. they're hiding the ball. the ball is the financial assets. central bank bought starting in 2008 crisis but accelerated during the pandemic. when it accelerated in 2021 and 2022, sure enough the explosion of money, the explosion of the printing press, inflation when with it. over the last three quarters or so, they started to bring down the balance sheet just a little bit. sure enough inflation fell. what worries me of course they will get out of that business. they have been signaling the last several month the balance sheet run-off is slowing down and it will stop soon and as a result i don't know what their theory of inflation is but i think a better theory of inflation they will have a problem if they keep at it. larry: that's the thing. let's put the chart up on the full screen again one more time, so viewers can get a look what kevin warsh is talking about you can sigh the explosion from the financial meltdown, just before he came on the federal reserve, 2006, is that right? >> that's right. larry: the balance sheet was
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$800 billion. it is like any bank has a balance sheet or footings of the bank. this is the footings of the federal reserve accept theirs is all underwater. see the explosion. two explosions, one after the financial meltdown over mortgages and second after the pandemic. didn't erase this one because the pandemic has been over for quite some time. your point, makes this suspect, anybody who understands this suspect, that the lower inflation or disinflation may not be permanent. >> that is exactly right. money is a dirty word around central bankers. it is a dirty word in the harvard economics department. common sense says too much money chasing too few goods is the key to inflation. you and i don't know exactly where the economy will be 12 months from now. there are elections, there are changes in policy but we know if you keep the printing press going this improvement in inflation will disappear. the fed doesn't seem so worried about inflation. that's why they last november promised there would be all
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these interest rate cut this is year. the american people are still worried and for good reason. larry: a huge factor. the other thing you mentioned there, mr. jay powell, not to be personal but on a policy basis has actually engaged the federal government, federal spending, massive federal spending which shows no signs of abating? >> that's right. those asset we're talking about, you know what the assets are, larry? they are treasurys that the secretary of treasury is issuing. i doesn't believe over the last decade, over the last four years, that congress would have authorized this massive surge in spending in 2021 and 2022 if they thought it would be expensive. what kept the interest rates down? because the fed were buying those assets. it wasn't a willing buyer showing up in the treasury market t was a captive audience, the federal reserve. yields are are falling this year. yields are lower than they are otherwise. larry: stocks are booming. >> stocks are booming, doesn't tell you anything is tight.
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financial markets are that loose, lower rates, higher share prices may not be the only thing, but it means, what, credit conditions are not tight? >> that's right. they keep saying the monetary policy is tight, it is restrictive. look at wall street, hard to find that at all. spaces are coming back on the market. since chairman powell and his colleagues promised in december they have been cutting rates there has been $12 trillion of u.s. stock market wealth. that camouflages a lot of sins. certainly a good way to get through the election season but not a good way for long term prosperity. larry: what do you want them to do? >> i want them to do is focus on the balance sheet, focus on assets, shrinker the balance sheet back down to size, let private sector grow. larry: that's it. tax cuts, limited government spending, that wouldn't be a bad thing. >> we should try that. regulatory tax cut is what the economy needs to sustain itself next year. larry: kevin warsh, good stuff.
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man about town. >> not at all. larry: teaching school, if the stanford kids would listen to you. >> want them back in class, not the protests line. larry: another segment. next kamala harris is handcuffing israel. what we need is trump tough foreign policy, talk with that about national intelligence john ratcliffe. you can catch "kudlow" monday through friday for p.m. eastern right here on fabulous fox business. if you can't catch us at 4:00 for some crazy reason, please text your favorite nine-year-old and she will show you how to dvr the show and you will never miss a supply side policy. i'm kudlow. he is warsh. we'll be right back.
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and peace in the middle east. larry: all right, israeli minister of foreign minister bennett. joining us now to stalk about this whole explosion, john ratcliffe, former director of national intelligence. john, welcome as always. you know, sometimes one and one don't make two, but it just seems to me that after kamala harris met with bibi netanyahu she issued such a statement that was more of a criticism of israel than hamas and bank go, within 24 hours or so, or whatever, all of a sudden hezbollah starts raining down rockets on these poor children playing soccer or european football in israel. i don't know, is that a coincidence in your judgment, john ratcliffe? >> it's clearly not a coincidence. what it is, it is a clear demonstration how clueless kamala harris is about
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geopolitics generally and the importance of what american leaders or perspective leaders say, what they signal to our allies and to our adversaries. so when she went out and put a statement after meeting netanyahu and said i will not be silent and essentially portrayed a false narrative that somehow israel was attacking innocent palestinians as opposed to israel responding to an attack by hamas palestinians, she sent a message to hamas and to its puppet master iran and to hezbollah, that these kind of actions against israel would be tolerated by the biden-harris administration. look, she is off to a terrible start in terms of trying to demonstrate that she has the capability to serve as commander-in-chief and make good decisions. the first thing that she did was to blow off bibi netanyahu's speech before congress she was
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supposed to convene. instead she went to a sorority meeting. she comes out with these comments as you correctly point out, larry, led directly to a hamas, a hezbollah attack on innocent israelis, something that is becoming all too common under the biden-harris administration and would continue under a harris administration. larry: not to put a fine point on it, i don't care what hezbollah says. they're using iranian rockets. we've seen this story before. they are pro-israel a arabs but the thing with israel, here's the thing, john, i don't get,, i. i want a policy we had briefly right after the horrible october 7th massacre. what happened to let israel finish the job, let israel finish off hamas once and for all? or, whatever happened to the
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dehamascation policy some of us talked about, like the denaziification policy after world war ii? or even at a minimum, john ratcliffe, when will the united states government, okay, the biden-harris administration, restore the sanctions on iranian oil because that's their source of financing for hamas and hezbollah? the sanctions, the oil production, which china is buying of course. those are just some little ideas, how to make this story better so that you know, bibi netanyahu can say we know good over evil, okay? we win, they lose, i don't hear any of that stuff anymore. >> well and you're not going to, larry. you will not hear it from a biden harris administration. you will not hear it from a harris administration. you will only hear those things if donald trump returns to the white house in january. if kamala harris is elected, we'll have four more years of
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the same disasterous decisions and policies that have been, that have emboldened and enriched iran for the last few years. to your point, larry, about what happened was, the hamas wing of the democratic party, the progressives, got loud and joe biden and kamala harris wanted to win a presidential election and they let that dictate policy. they put politics and power over national security. can't tell you, larry, how important the israelis are to us. they are an indispensable intelligence partner to us in the most important, volatile region in the middle east and, and the biden-harris administration has flipped it on its head. what is most concerning to me, rarely, kamala harris wants to run the exact same disasterous foreign policy playbook joe biden has been running for the last four years. case in point, her chief foreign policy adviser is phillip gordon. who is phillip gordon?
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he was a state department official under barack obama and was an an integral part in the disasterous iranian nuclear deal which gave them a billion dollars. in the first-hand donald trump reversed. the only thing that changes this, donald trump and maximum pressure campaign that left iran poorer, broker, less influential than anytime in the last 20 years. but the good news to the american people is, we can put our foot back on the throat of the iranian terrorist regime as soon as donald trump gets back in the white house. larry: i reckon so. john ratcliffe, thank you very much, appreciate it. i didn't know about gordon. i forgot about all of that but that is a very important point. same guy, you will have the same results which are not good. anyway, john, thanks ever so much. now we'll switch gears a little bit, and bring back tennessee senator marsha blackburn, great friend of the she, great friend period. senator blackburn big kryptonite
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down there in nashville, tennessee, which is about the hottest place in the entire country. here is some of the things that donald trump said about bitcoin and crypto. take a listen, please. >> bitcoin is not threatening the dollar, the behavior of the current u.s. government is really threatening the dollar. on day one i will fire gary gensler. i will appoint a new sec chairman who believes america should build the future, not block the future. if we don't embrace crypto and bitcoin technology china will, other countries will. they will dominate and we cannot let china dominate. larry: yeah you know that, many good reasons, he is right, that last one by itself, cannot let china dominate. they're poking around in crypto too but we still have some advantages. he mentioned a bill coin stoke pile -- anyway, you were at this thing, senator blackburn. tell us about it.
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>> yes, indeed, it was quite a convention and a lot of bitcoiners were there. i was so pleased that the president spoke and following his remarks, vivek ramaswamy and i did a fireside chat and talked about how bitcoin and the opportunity to self-custody. the opportunity to have financial freedom and transactional freedom, and be able to use bitcoin as a store of value. that is important to americans and we think that the federal government beginning to have a strategic reserve of bitcoin. they already have 210,000 bitcoin. most of that has come through asset forfeitures and we think that the ability to begin to build that reserve, use those funds to pay down the debt at a point in the future, we think that that is a wise choice.
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larry: that is an interesting point, paying down the debt. you know on this point about the stockpile, he mentioned you know, like the gold, the gold stockpile in fort knox, by the way that's like the strategic petroleum reserve which has been ruined by the bidens, but the point is that is not the federal reserve's domain. that is actually the executive branch's domain or has got to have congressional approach operations so you can get that done. i guess where i'm going on this, better to stop central bank digital currencies which the treasury and the fed always want because they want to control everything, right? trump doesn't want a weaker dollar. he thinks this is competition will make it a stronger dollar? >> absolutely it will. i'm glad you mentioned the central bank digital currency. that is something that i am very much opposed to and i know that you remember, larry, when china wanted to load the digital yuan
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on to everybody's phone when they went to the beijing olympics and of course we blocked our athletes and warned others not to do this because when you have a central bank digital currency that leads to social credits, that gives the government the right to turn your, your currency on and off and control what you can spend your money on. we never want to go there and bitcoin is the opposite of that. you can say it is a digital gold. you can talk about the freedom that for someone to self-custody and to maintain that transactional freedom. it is the exact opposite. larry: the other thing is, i'm not being personal here because i know gary gensler a long time but the reality is gary gensler at the sec has been just as
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opposed to the development of crypto as the treasury and the fed have. it is no better. and also he is piled on rule after rule which has done a lot of damage to business. so it wouldn't be bad in the normal course of affairs shall we say to replace him. >> i think it was a huge applause line and the president got a standing ovation when he said let's get gary gensler out of the way. because of the way the sec has gone after some of these companies and we want to see innovation in this sector. larry: yes. >> and when you have gary gensler and the sec and some of this administration blocking innovators at every turn then it is frustrating. but you know, larry, not only when it comes to bitcoin and to crypto assets, you're seeing this across the board. they don't want to innovate when
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it comes to clean coal technologies for energy or they don't want to expand into small modular reactors for nuclear and it goes on and on and on with every industry. what they want is power, they want control, they want to make the decisions and thank goodness we have gotten a good decision on chevron. we have had the court kind of go after the fcc for one of their funds and that's a good thing because we need to get the federal government out of the way, out of your pocketbook, off your back, and free up free markets so that people can innovate and solve the problems that we all face every day. larry: yes, ma'am. as one wag put it, it's time for a change. someone said that. >> it's time for trump.
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it's time for trump. larry: appreciate it. see you soon. thanks very much. >> you got it, coming up folks, kamala harris can't escape her record, her record period, end of sentence. we'll be very brief. we have got liz peek coming up and caroline downey when "kudlow" returns. daughter: hey, dad. dad: hey, sweetheart. daughter: what are you doing? dad: i'm gonna clean the fence. daughter: it's a lot of fence. dad: you wanna help me? dad: aim at the wall, but get closer. daughter: (gasps) what the?! daughter: alright. dad: side to side. when you work with someone who knows a lot and cares even more... you can do this. ...you're unstoppable. (♪) wow... are you kidding me? you can do this. at truist, we believe the same is true for banking.
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larry: joining me now, liz peek, syndicated columnist, fox news contributor, and caroline downey, staff writer, "national review." ladies thank you very much. bernie sanders with lipstick, brutal, really brutal. talked a little bit about it on the radio. all this other business tied into it. she is not really against a ban on fracking, yes, she is. >> they're trying to completely redo kamala harris's history and she is a progressive san francisco democrat, that is who she is. larry: yeah. >> she has always aligned with the bernie sanders, elizabeth warren, by the way most of those people come out most energetically in support of her. they love her policies. what she is advocating is indeed bernie sanders light. it is not bernie sanders intense and the country should be very worried about that. that is what the trump team needs to talk about. her policies banning fracking, offshore drilling being a no-no, and obviously higher, higher taxes on everything, et cetera, that's where they have to go
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because people don't like -- she is out of the mainstream on almost every major issue. larry: speaking of her top supporters, senator elizabeth warren told one of the sunday talk shows that with certainty a president harris would go for amnesty and citizenship for the 10 or 11 million illegals. how is that playing in "national review," carl line? >> if there is any other question this revisionist narrative she was not the border czar keeps going, that is evidence. she is the anarchist candidate i think bernie sanders was. she abandoned the border. she is authoritarian candidate. she supported the bail fund, get the rioters in 2020 off the hook. i researched this, she is in some ways to the left of bernie sanders, because bernie sanders resisted getting rid of the filibuster, so she could pass the green new deal. she laughed at biden in 2020 at a debate you know the constitution obstacle to
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instituting gun ban. she has no regard for institutions or our constitution i think that actually surpasses bernie sanders. larry: zero edge, tyler dudderren, i'm do you read him? abolished i.c.e. compared i.c.e. to the kkk ban fracking, defund the police, health care to illegals, ban private health insurance. this is quite a track record. >> it is and her track record for the last 3 1/2 years is absolutely zero. what has she done? it is amazing to me that the media who has just been so substantially embarrassed by covering up joe biden's mental deficiencies now is completely on board with literally erasing her history. for example, she now is being touted in some quarters being a law and order candidate. yet when she was in california she actually supported proposition 47 which like alvin bragg, basically decriminalize ad whole lot of things and made the state more lawless. so she really has no core.
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larry: she wants to ban the fracking ban but she can't ban that ban because she is right there with it. really too hard. babylon. any way, liz peek, caroline downey (marci) so, how long have you lived here? (opponent) over forty years. (marci) and how are the restaurants around here? are they good, bad, meh? what's the average household income? is there a mall? i don't know. a hair salon? where do you get your hair done? (opponent) you gonna move, or what? (marci) oh, i'm sorry. it's a lovely neighborhood. (luke) marci, we've gotta go. (marci) i'm coming! (luke) we've got seventeen thousand more parks to visit. (marci) you wanna give me a hand? (luke) we bring you the best neighborhood info. (vo) ding dong! homes-dot-com. it's pods biggest sale of the summer is extended. save up to 25% on moving and storage until august 12
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larry: policies, never personala lot relieve or other polices come of the other games begin, and we will let elizabeth mcdonald handle al

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