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larry: hello, folks. welcome to kudlow, i'm l arry kudlow. big news, kamala harris chooses minnesota governor tim walz. as her running mate. big news, republican vp candidate senator jd vance fires back. senator vance will join us in a few moments. but first, bernie sanders hitting two for two with democratic ticket. that is the techno -- sfng the riff. think is of the , kamala harris chose minnesota governor tim walz. as her ticket mate, he was the the first choice of senator bernie sanders. vermont socialist that may be all you need to know about the ticket, makes two for two for senator sanders who endorsed vp harris to be dnc standard bearer, call it modern democratic party, the other week in now infamous

white dudes for harris zoom call governor walz said, one person's socialism is another person's neighborliness. what? i am a neighborly guy. none of socialists, i digress, it is disturbing that he's to ban fracking just as kamala harris does. tim walz in favor of green new deal and woke climate change policies and price tags, treasure secretary g yyellen put 78 trillion dollar price tag on that. and. i guess that means he agrees with biden-harris

administration about mandating ev's whose rare earth mineral base b batteries welcome from china, and most american folks' to hang on to their gasoline powers cars, and tim tim walz favors driver's licenses for illegals and he proud defender of sanctuary cities, he. economic policy, he is a big spender and taxer, his two year budget passed in 2022, at th 38 increase in state spending and 10 billion dollar tax hike that according to committee to unleash prosperity hot line. his proposal think about for 2025, includes, major league tax hikes on successful earners, capital gains and dividends, state of minnesota has 9.8% corporate

tax rate that is highest in the nation. and it has a a 10. 8% capital gains done in third place behind california, and new york. so, seemings that governor walz has same disrespect for economic power of business that kamala harris does that leads to perhaps most important issue of all, the recession threat. unemployment rising, manufacturing falling, consumer confidence shaky, housing in recession, consumer spending, hanging by a thread. stock market crashes around the world. reinforcing recession fears. who do you trust to restore economic prosperity, it looks like the democratic team wants to punish businesses with much higher tax and regular

penalties even those its businesses -- it is businesses that hire workers and pay the checks. my h old friend jim cramer said, if you care about your paycheck, you go with trump. end quote. as is often case, jimmy kramer, has the story right. and that is tonight's riff. joining us now ohio senator jd vance. welcome to the show. even if only on telephone. >> thank you, larry good to be with you. larry: just to begin, seemed like a choice by bernie sanders. he is 2 for 2. they ruled out more moderate people, is that all you need to know about socialist nature of modern democratic party? senator vance? >> larry, that is a good way to put it, kamala harris

doubled down on far left of her own party, you think about hamas caucus they didn't want her to pick shapiro but they wanted to her to pick tim walz, people who want to ban fracking and defund police and open border all wanted tim walz, she chose candidate to played to far left base of her party, and i think she chose candidate who she actually agrees witha the core issues, one big thing happened over last two weeks kamala harris has been anointed by media as a historic figure. she has not had to answer any questions about how her record is terrible and flip flopped on a number of key issues, she revealed who she really is,. last point, there san interesting nexus between the two that media is missing, that is summer of 2020 riot that destroyed stay of minneapolis causing

13 billion in property damage, tim walz of a major supporter of the riots, they were burning down the biggest city in the state, then, kamala harris was the person who was bailing rioters you on of prison. there is a ticket that is designed to increase inflation to reduce law and order and make it harder to build a on business or life. in the united states of america. and i think they set up contrast nicely for us, and president trump and i have to make our arguments to the american people. larry: on that point, in minnesota, minneapolis famous for almost endless riots for a while, when national guard of the brought in brought in slowly by governor walz, who gets hurt the most. when you have the riots, i would say black, minority owned hispanic shop owners and employers, they get the worst of it not good suburbs

but there in center city. >> that is right, proud black business community there in m minneapolis. that was decimated by the riots. they were owned by minorities. and tim walz shows who he answered to. there is a idea that democrats and kamala harris are selling that they stand up for the little guy or normal american, the normal american has been hurt the most when you allow fentanyl in by the busc bushel andure allow main street businesses to be set on fire in name of social justice and normal americans hurt most when kamala harris votes to increase inflation make groceries and housing less affordable. i think, the contrast here between what president trump and i want to do, lower people's grocery prices, close the border bring

common sense and law and order into the policing policy it could not be starker than pro-borders anti-policy agenda of tim walz and kamala harris. >> let's stay with that. go to the economic zone. governor walz has a record of being a free spender. minnesota has highest corporate tax in country. we had big stock market crashes, as you know. softness in the economy. we may be on the front edge of a regd. a recession, who'll get us back to prosperity? either a soft landing or a hard landing next year. not a great scenario. so, you have the trump and vance economic plan, your case how y'all plan to restore prosperity. >> well, first, you have to get a discretionary spending euyou were control,

we're paying people not to work. that is increasing inflation and interest rates, we let 20 million illegal aliens in they compete with americans for limited house, that drives up cost of housing and then as president trump points out, most inflationary policy that. that makes it hardest to start a business is the way that kamala harris has gone to war on american energy. if you want to build a business you need low-cost power, if you want to heat your home, in winter, you need low-cost power, their energy policy have made it hard on working americans, who consume energy, also really hard to build and make things in united states of america, they pretend they are pro-worker. it is their regulatory policy and energy policies that have shifted more and more good american manufacturing jobs to china,

president trump and i want to make our own stuff and drill our own oil and produce our own energy with american workers but to do that we need starter policy. larry: healthy businesses deliver paychecks to working folks. strikes he democratic ticket want to raise taxes and regulations. i believe your ticket wants to cut taxes and regulations, you have not said as much about growth and tax cuts as mr. trump has, i assume you are onboard with that. after all, paychecks are the key. for middle income, i don't care what stripe you are, it is the pay check they have been falling by about 2,000 dollars during the biden years, they rose by 6,000 after inflation during the trump years. tax and regulations, to helpings deliver paychecks senator vance? >> yes, very simple, if you remember the leftest --

attack don donald trump for tax cut but we took in more revenue because government got out of wait way on regulatory side and tox cut spurred a lot of growth that meant more people working that meant the economy of healthier. and so, i think it is simple. if you over regulate the economy. if you tax people to death, you will have less production and less, business formation and fewer people working in good jobs we want good people working in good jobs businesses to thrive and hire in america. and i think that we have a pretty common sense regulatory and tax agenda that accomplishes that and the final point, we talk about regulations, there are a whole host of ways in this kamala harris has been awful on regulator environment, but the worst way, is on energy, they are trying to drive american energy out of, with regulations, and we

have to stop this, if we want to manufacture and make things in the united states. u.s. >> you and the president stay on that message, senator vance, we talked during the campaign season, when you were running. it is just not that hard, if you stay on that message, i think those workers who' to get higher pay paychecks, take home pay, i think they will know your case if you stay on that message and if mr. trump stays on that message. i give you last word, senator. >> i agree with you, high are take -- we want higher take home pay and people to make more money and reward figure work here. the other thing is close down the border, i think two most important issues confronts the nation, last point, is this is not academic, not just about what donald trump is promising he is promising

lower taxes and reasonable regulations that promote growth, he delivered it for 4 years, we had a rise in take home page and wages going and businesses starting and creating new companies as record levels. it is what president trump already did. and he can do it again if american people give him another chance neitherific. kick it terrific stuff, senator jd vance vice presidential candidate, we appreciate your time. good luck on the campaign trail. talk soon. >> thank you, layer. ,y. >> coming up raked. joe concha. mark simone on sit, i'm kudlow, cut the taxes and regulations, deliver higher paychecks, i'm for it, we'll be right back. that balance is key to a healthy gut environment. benefiber's plant-based prebiotic fiber gently nourishes the good bacteria, working with your body to help your gut, and you, flourish.

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>> it is a good way to put it, kamala doubled down on far left of her own party, you think about hamas caucus, they didn't want her to pick shapiro, you think 'people who want to ban fracking they wanted tim walz, people who wanted to defended police want tim walz, people who' to open border they wanted tim walz. larry: all right, there you have it. we spoke with senator vance,

joining us on set mark simone, and joe concha. fox news contributor. author of b progressively worse. one reason they are not your daddy's donkeys is a socialist from vermont, picked the ticket. the bernie sanders ticket, he was the very much for kamala harris. and he according to reports, did not want shapiro a moderate of pennsylvania, did not want mark kelly. he wanted this tim walz, what is his name. ho has a very left wing spend and tax record. and you heard hamas w wing of party, it may be exaggerated but ban fracking, raise taxes, what do you think, joe? surprised at this? >> baseball analogy, fifth inning bernie sanders, at his age 2 for 2.

that sound you hear, champagne corks flying across mar-a-lago for all reasons that you listed, they have the opponent they wanted they wanted no part of shapiro, 61% approval rating of pennsylvania with tim walz the images that video from summer of love 2020, not s so peaceful protests whole blocks were burned to ground, 500 million in damage, 1500 buildings, police station, looked like the knack plaza at end of tie hard, that was burned down. and interview kamala harris did with stephen colbert, she said these are not going to stop she cheered it on. tim walz quote governor walz had ability stop criminal violence but he did not, from his own state senate, he is running with this

record, no. larry: with this mark simone, i don't know, he said last week, the white dudes zoom call. nonsense but one person socialism is another person's neighborliness, what does that mean? she just sort of freely saying, i'm a socialist. there is nothing wrong with it. >> yes, he say socialism is neighborly, this guy donald trump just tweeted two words thank you. he pit it up. -- he put it up, i am start stock think there is a saboteur running this they put joe biden in debate he gets wiped out they had her pick worst choice people will realize they are getting hurt, it will cost you a lot of money if they get elected. you bank book pocket has been killed by this administration. this will be painful, it will cost americans a lot of

money if they get electioned. >> i know it is a little more boring than burning down minneapolis and contributing to black lives matter. >> she ran a bail fund for them. those who got out from it hurt people. larry: it turns out we're a business economic show, tim walz has a liberal, liberal left, a spender, a taxer, state of minnesota has the highest corporate tax rate in the united states corporate taxes are most important tax there is. if you helpings that is highway wageworkers get paid -- if you help businesses that is how wageworkers get paid. if you are working for higher wages vote for trump, jim kramer said that, the by is very far left. in no question. i'm asking, wha why would she -- excepting for bernie sanders, why would

she go with most left wing guy. >> usually goal to go to center during election. then govern back to left, that is all she had to do by choosing shapiro, out of constituent of minnesota has not been a good idea in past, humphrey in 1968 won 13, mondale with one state. then you think about does winner work with minnesota their football team if vikings never won a football bowl, two hockey teams have not won a stanley cup, and twins have not not won a world series in 33 years. mark simone, i asked jd vance, he has a good platform. lower taxes, lower regulations. drill, baby, drill. helping businesses, one side

looks businesses that hire workers and give them paychecks, the other side of democrats don't like business and want to tack and regulate them to -- tax and regulate them to death and reduce paychecks, is mr. trump off message in last week or so. i'm including georgia in this, a lot of people they don't understand why he went and attacked governor of georgia, seemed personal. is there a risk that all of good vibes, out of the fabulous milwaukee convention, that probably knocked joe biden out. has that been lost in your judgment? >> the truth s any time he does a rally, an hour and a half, it is 57 minutes policy, for 3 minutes he does this routine we wise

cracks and insults. larry: georgia thing is not important. >> 99.9% of the substance and issues, he will always make the wise cracks. larry: the chicago -- we talked about it black journalist in chicago, was i thought brilliant messaging by him. that was a week ago. that was very brilliant. georgia raises similar alarms there are some editorial pages that want to nick him to death. >> it will not matter this is 2016. he did that back then, john mccain comment the joinjokes in the end it came down to border, crime and economy, people will vote for their own rift. larry: they will not vote for vip, vip thing reinforces how f far -- democrats are, if the economy and threat of

resolution comes back as a central casting issue. which it may. including a stock market crashing. you have to go with the team that you think will help your finances and your economy and your job and paycheck. i just can't imagine how kamala harris and tim walz can be that team. >> remember 2008, early september john mccain had a slight lead over barack obama then the crash happened. i think immigration so huge here, that is the point that trump needs to hammer home, tim walz was interviewed cnn in 2019 in trump administration he said, i want to invest in a ladder company to help migrants get over trump's border wall. and enter the country illegally, i am paraphrasing but that is what he implied. trump campaign should be playing in a loop in ads.

larry: how come sherrod brown and j jon tester, they are not going to the democratic national convention in chicago. mark, why not? >> i don't think they want to get caught in riots and protests. larry: you think that people will dessert the party? suzie: yes, she has not spoken in interviews, people have not heard her talk on issues, she has not been presidential, what happened with the economy, why didn't she address the nation, say something. larry: one last one. overtime. producers are screaming at me, a clever thing, about whether kamala harris is really a woke oriented politician. >> we have to stay woke. like everyone needing to be woke. [ laughter ] and you can talk about it if you are wokist or woker but

stay more woke than less woke. larry: you are wokest or woker? >> i am wokey? woker, i don't know what that is. it is laughter no one else is laughing that is disconcerting. >> right here. we are in early august. mark simone who is next president? >> trump, easily. worst thing that happen tad ckamala harris was peaking in end of n july. larry: new jersey. >> and new york. >> i'm focusing on you joe has interesting faciali expressions. >> california democrats never do well outside of california. larry: you think that kamala and walz will carry minnesota. >> yeah. >> they will. >> i just want to check. >> it will not matter. larry: mark sy simone and joe concha thank you. >> are we at front end of a

recession, who will be best to do something about it? we'll have old friend brian w wesbury here on kudlow. oooh! this is our night! shingles doesn't care.

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larry: so, a question, front end of a recession, how about a threat is the economy going to be in election year, joining us now, brian wesburyy. thank you for coming on, i miss you. we have not seen you in a while, but we are grateful. brian, we will get to the political campaign. but in your judgment, you have been around a long time as accurate f forecaster, how big a threat on stock market, bounce-back rallyy sputtered at close. we had the crash, u.s.,

japan europe and blah blah, unemployment is rising. give me a quick run down. a brian wesburyy special, stocks and the economy, how big a threat is on unraveling or recession? >> i think it a recession, just, i used this metaphor for a while, covid was a car wreck, we locked economy down, ambulance came and found us they pumped us full of morphine, the free money, then they take you to emergency room, you say, i feel great, that is what everyone thought, s. but that was morphine, i think it has run out. the money supply, the m2 measure of money is down in the past two years. another way to look at it, what we call excess savings,

savings rates are down under 4%. they were 6% before covid. what i think is we're finally paying a price we should have paid a while ago. because the morphine was hiding the pain. i think we have to have a recession, then the second thing, that market overvalued, not like it was in 1999, it is about 15% overvalued. and it is -- we're due for a correction. what scares see some that everyone thinks that market this should only go one way that is up, i'm listening to people you know, screaming at the fed to give me an emergency rate cut. because, the market is up 8% this year. that worries me down the road, if fed listens, we'll get stagflation. larry: bra brian, if they to an emergency --

inner meeting, that would be in august, that kind of action could panic the market and the economy, sometimes lower interest rates or c -- deep recessions. >> you are right, economy -- a lot of numbers don't look good. but we're in the in a recession yet. i think it is coming soon. if they were to panic and cut rates it would scare the heck out of people, on top of that, let's say you want to buy a house now they cut rates, it looks better. but you will think they will cut them more, so you are still holding off. once that fed starts, you get people holding off waiting for lower rates, that is make a recession worse. than it would have been without rate cuts, they need to do it slowly, calmly,

without panic. and i don't know how to say, we locked the economy down and everyone thinks we can do that without ever paying a price. and i just don't believe that, we broke our leg. we got to go through physical therapy and the pain of surgeriy. >> we have not felt it yet. larry: businesses hire workers and give them paychecks. >> yep. larry: i would think one would want to encourage businesses to give higher pay chpaychecks by reducing tax and regulator burdens, you have a clear cut, one team is against, the other is for. -- against business and the other for business. >> i buy into that.

i was shocked at the pick for vp, it moves their whole candidacy to the left. to towards socialimp. socialism and higher taxes and bigger government and more subsidies for solar and wind, last beneficial policies for energy. it is a negative growth platform. i loved your interview with jd vance. keep pushing them to talk about the economy. lower taxes, less regulations, less government spending. that is the way you get more growth. you are right, there is a perfect set up. a battle between free markets and competition and government driven growth. larry: all right, common sense will win, you know you have faith, you are an optimist. brian wesburyy i hope you come back soon. >> thank you. larry: moving on latest out

of israel which is a very dice y situation we go to alex hogan live on ground in tin tel aviv. >> thank you. tonight we're hearing more about some political changes within hamas. naming s sinwar as successor to ismail haniyeh, here on ground, country defense minister gallant said that israel is using this time to prepare and have conversations with allies, this is a look at map of the current naval assets that u.s. has in middle east, as gallant said he talked with u.s. secretary of defense austin. as they discuss security. it comes as iran, is

requesting russian air defense systems, tehran promises there will be an tack. an attack am his hezbollah said a launched a waive of missiles and drones one intercepted by idf. now further north in beirut, in lebanon crowds gathered to listen to hezbollah leader hassan nas to take atance he said hezbollah would act per with those regional allies or it would act, he said part of timeline that we're looking at. the days of increasic can

part of once. -- response, i have talked to people who do not believe that tension will amount to anything. others, they believe in fear, they go to bed every night wonder figure tonight will be the night, that iran decides to attack. larry: all right, alec hogan thank you very much. all right joining us now florida congressman greg steube and general keith kellogg. first, the idf had another preemptive strike in hezbollah, idf took out the hamas guy in downtown tehran or where ever. i don't know. i know -- everyone said they will come and we'll read a list of targets that iran as published.

you have idf factor that is a trump factor. they say, we got your cell phone we know your home address, if you act up we'll take you out, that is pretty good deterrent. what do you think keith kellogg, iran must know this. is that aim to nothing? >> thank you larry. on such a slow news day. deterrents based on credibility. and capability and will, what israeli has shown to the world is they have credibility, because they have political will, that capacity capability to attack targets deep like in yemen with houthis and barrage over a month ago, they went after targets in iran. u.s. u.s. israel

needing to make clear. if you strike and kill israelis, the supreme leader is on our target list, you tell the leader of hezbollah we are you are on our target list. and we'll come. and they built in a little bit of credibility there. now the iranians know they can respond. united states needs too replay through protective power, a swiss. we back israel 100%. full stop. let's see where that goes. larry: greg steube, i want to hear from you. tha brief clip of president biden over the weekend. >> mr. president, do you think iran will stand down?

>> what? >> do you think iran will stand down, sir? >> i hope -- we don't know. >> all right, i don't know. i hope. i don't know. greg steube. is that a response? what is that? i don't get that that is not an american president. >> it says a lot about him as a leader, i hope so, i don't know. you are commander in chief of largest military in the world. of the president of united states. and you don't know. then i hope so. this is same lip service they gave in year when iranian attacked in down do don't do it the they are not listen to joe biden. the biden administration created this. they opened up billions of dollar to iranians threw relief of sanction that

allow iranians to give money to hezbollah and hamas, enabled to war, when donald trump was president you did not have war in middle east or ukraine but do you now because of the foreign policies of this administration, it should be clear we stand with israel, back them 100%. and if you send that message strongly, you iranians will back off that is not the current occupancy of white house. larry: this is benny abny in new york sun. islamic revolution guards on monday, said, they will hit airport and israel train routes and sea ports. they can say, that they can say that greg, but if this government, would have something tough to say, maybe they would think twice. the idf, the idf can take them out.

all over the place. that is the deterrents, the idf. >> and the jordanians that defended them in april, all of our warships that are nearby, they can strike the missiles. and i'm sure general can talk about military tactics but to send to your enemy, what telegraphed to them tell them what you are or not attacking, and whether you do, or type of signal that will send. it is very interesting. larry: very odd. >> we'll pick it up later in week. keith kellogg thank you and greg steube appreciate it. >> who'll voters trust to save the economy we asked, you have pro the business trump l/vance or harris-walz socialist. we ask senator ron johnson.

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walz vip bernie sanders pick. on the harris ticket. >> hello, in your face selection. it tells america that we're not afraid to let you know we're radical leftists. now we'll count on media to try to moderator position, say we're for middle class, and help working men and women but we'll support same policies open border, and war on facile fuels, weakness that embol emboldened our enemies, we're proud of it. larry: mr. trump said, this was most far left ticket ever. the question is, will it work? >> we have to hope and pray it doesn't. you are right, it was governor tim walz did not

quell riots in minneapolis and senator harris thin tries to convince people to give to bail funds to bailout rioters. that is who they nominated for their presidential and vice presidential nominee. radical leftists that are brazen about it. larry: if you have economic jitters and stock market jitters and prosperity jitters, if mr. trump and mr. vance stay on message, i would think they are winners. >> they have to be, kamala harris supported green new deal that is 90 trillion dollars worth of spending, she is a radical climate alarmist. we need to win this election and talk about massive difference we believe in freedom, free market system, we're the advocates we support the forgotten men

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