benefit from a.i. in the long run. that is where we focus right now, not the actual ones developing the a.i. liz: so that's a big statement. to say maybe not the direct technology that has the claws right into the heart of this development but go to the companies that will be the beneficiaries. meghan, thanks very much for joining us, giving us your perspective. what a show, you guys. yes, revved on the screen. a bit of a pullback here. dow looks to close down 60 points. [closing bell rings] s&p won't make it nine in a row of wins. nasdaq down 60 points. that will do it for us. we can't wait to see you guys tomorrow once again. that's it for us. "kudlow"'s next. ♪. david: hello, folks, welcome to a special edition of "kudlow," i'm as man for in for larry

kudlow. president biden forced into late-night tv forced by schedulers, take his angry speech far out of prime time which by the way was reserved for hillary clinton and aoc. they got the prime time spots. meanwhile the democrats failing policies were on full display all chicago's united center. more on that in a moment with florida congressman byron donalds. first our own madison alworth is live in chicago with the latest ahead of night two of the democrat national convention. hey, madison. >> reporter: hi, david. yeah, night two here and tonight the dnc will be putting chicago on full display with illinois governor jb pritzker set to speak this evening. pritzker is considered a progress sieve, very recently considered as a vice president pick potentially for kamala harris, he has been vocal about his support of chicago and the city and the policies leading up

to the dnc. take a listen to what he had to say this weekend. >> we've demonstrated to the country that democrats deliver in chicago and in the state of illinois. [applause] so when all these people come from around the country they get to see what the democratic agenda looks like in action. >> reporter: but chicago leads in many so of the issues that are the biggest concern for voters this election year. chicago struggles heavily with crime. just this past weekend when governor pritzker was speaking there, there were nearly three dozen shootings and five fatalities. vp pick jd vance taking a dig at both the city and his counterpart on the trail today. >> tim walz has been going around saying he served in war and maybe they did it in chicago so he could actually act atly say he visited a combat zone. >> reporter: on immigration the sanctuary city of chicago has

spent over $460 million on migrants that have come to the windy city. when you look at the economy, inflation sits at 3.7%. that's nearly a point above the national average. as democrats continue to tout chicago, residents here are responding with their feet. chicago has seen its population decline for nine years in a row. in 2023 its population was just around 2.6 million people. that's its smallest population since before the 1920 census. if the trend continues chicago could lose its title as the third largest u.s. city to houston. the issues that chicago deals with we know are key issues concerning voters in november. we also know, and as you see there they tend to prefer former president trump on those issues over vice president harris but like i said, pritzker is set to speak tonight. we'll have to see if he continues to tout chicago in the

windy sy for day two of the the dnc, madison, what a terrific piece of reporting. they're using this as centerpiece of dnc policies. it is so much more than that. joining me florida congressman, trump campaign surrogate, congressman byron donalds. don't they understand, what they see as economic, cultural, and crime successes are actually terrible failures? chicago as the most murders of any u.s. city and it has had that title for 12 years now? >> it good to be with you. what jb pritzker and democrats are trying to sell as the fruition of democrat policy is the reason why more americans are moving to red states. look, take a step back. kamala harris is from california. california is the number one state in our country that is losing population.

minnesota, where tim walz is the governor, number seven state in the country where they're losing population. why would we put people into the white house who come from states that have been losing americans? what will that do for the united states of america? it will be a catastrophe. we need strong leadership that is focused on securing our citizens, a thriving economy, secure borders, and peace through strength across the globe. that is the recipe for success with donald trump when he becomes the 47th president of the united states. david: you know one of the great things about our republic states to a certain extent are little countries where they get to try out certain things and you can see if they're good or bad, how they turn out, maybe you can apply that nationally. well in illinois which is like the other democrat states that you mentioned, you have the higher taxes. what has that led to? first of all the tax in illinois, you have to spend a premium of 13% in taxes just to live there, to receive all the

benefits of the high crime and the bad education rates and et cetera. unemployment is 6.2% in chicago. that is the worst of any city in america. i mean it's, it's extraordinary that the petri dish that the state of illinois is for the rest of the nation shows clearly that they have got a virus and the virus is democrat policies. >> 100%. it's there. it's minnesota. unfortunately it looks like michigan is starting to take hold. we know about california. we know about washington state. oregon has been really a bad situation, so much so that their mayor of portland is now trying to now reverse course even he let so many bad policies in. every single time the democrats have full control over a city or a state people suffer. then americans who have the ability to leave, where do they go? they go to florida. they go to tennessee. they go to texas. they go to state where they can

have an opportunity to thrive and excel. david: that's right. >> that is the kind of policy we need on a national level, to quote, kamala harris we can't continue to go back to terrible democrat policy because it does not work for the american people. david: well, you in florida have been the beneficiary of the reverse effect that we're talking about where people come to florida, as you say, people go to texas and other states that are pro-business. it is very simple. the former governor of the state of texas who later became our energy secretary, once told me, rick perry, it is not rocket science. you make it easier and cheaper to do business in your state, and you will get more business. it is very simple. by the way jd vance was talking today to a group, he was answering questions from reporters. here is what he said about kamala explaining how wonderful things would be under her rule even though she already has been ruling for three years or at least partial ruler.

roll tape. >> she stands there and says on day one she will tackle the housing affordability crisis in our country. on day one she will tackle the grocery affordability crisis in our country and they are crisis. well, kamala, day one was 3 1/2 years ago. you've been the vice president for 3 1/2 years. what the hell have you been doing for all of that time? [cheering] so for the people in milwaukee who will go to her rally, will listen to what she says, i ask them, if she had such good ideas for how to bring down the cost of food, groceries housing, why doesn't she do it now? she is the vice president. not talking about she will do in six months. do it now, she has the power right now. david: congressman, don't you think voters are asking that question? >> they are. kamala harris is sitting right there. she is number two in the white house. most people actually think joe biden is really not even doing the job of president as it stands today. she could do all this stuff right now but she is not.

why is that? because kamala harris is not going to make any changes in policy from joe biden. she has been riding shotgun on the biden-harris agenda. susan rice is on the record saying that kamala harris was integral in executing the biden-harris economic agenda and domestic agenda. she is not going to reverse course because if you reverse course, you have to step away from this position aggressive, radical policy which has been destroying our country and if she does that, she actually will lose the democrat base. she will lose bernie sanders. she will lose aoc because it won't be going down that progressive line. will go back to common sense policy. so the american people have a clear choice. the person running on common sense policies to secure our nation, to make our nation thrive and succeed going forward is donald j. trump. america, the choice is crystal clear. it is very simple. we can be a significantly better

country than we are today. kamala harris isn't going to do anything different from joe biden. david: by the way last night we heard a lot of praise, even though he was delegated or relegated to a third tier position in the convention lineup, right after words it was 2:00 in the morning, a x post put out by former president obama. what i ad mire most about joe his decency, his resilience and his unshakable belief in the promise of our country. i'm sorry, but if you have respect for somebody and you admire somebody you don't treat them the way president biden was treated. then i also want to play for you a little sound bite from president obama which just, when president biden was taking over after the election in 2020, i want to roll that tape. then ask a very commodity versal question of you. roll it. >> people would ask me, knowing what you know now, do you wish

like you had a third term? and i used to say yeah, if i could make an arrangement where i had stand-in a front man or front woman and they had an earpiece anyways just in my basement in my sweats looking through the stuff and then i could sort of deliver the lines but somebody else was doing all the talking and ceremony, i would be fine with that. david: congressman, only about 20 seconds, but is that what former president obama has been doing and wants to continue to do? >> i believe so. look at everybody in the biden-harris administration. it is essentially the c team from the obama administration. with kamala harris it will be the same players doing the same thing. when you put all these different people together the results have been the same. a weak economy, stagnating wages, and we are falling behind

on the world stage. it is time to reverse course. donald j. trump needs to be the 47th president of the united states. david: congressman byron donalds, great to see you again, congressman, appreciate it. coming up aoc is telling americans to vote for kamala harris to fix the economy. the problem is vp harris was part of the team who apparently broke it. we'll be talking about, not at all with steve moore and congressman jodey arrington when "kudlow" continues. maya knows how quality care can bring out a smile. but it's been a few dog years since she was able to enjoy a smile of her own. good thing aspen dental offers affordable, complete care all in one place.

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some fatal have occurred. tell your doctor if you have an infection or symptoms, had a vaccine or plan to or if ibd symptoms develop or worsen. ♪see me♪ >> you, working parents are trying to afford rent and child care, kamala is for you. if you are a senior who had to go back to work because your retirement didn't stretch far enough, kamala is for you. david: but, if kamala is for you why isn't she fixing the problems you're stuck with right now? joining us right now is steve moore, creator, editor of the unleashed prosperity hotline and host of "moore money" on wabc radio, and texas congressman jodey arrington, chair of the house budget committee. gentlemen, great to have you here. congressman, once again,

democrats, in this case aoc make trump's case that we need a change for what we've had the has four years? >> question, who better to do that than the chief economic arsonist, then her accomplice joe biden who set the whole nation ablaze with inflation is the most regressive tax on these working people that she is somehow trying to protect with the recommendation of kamala harris. first of all, this is a card-carrying socialist, right, and so asking a socialist about economic advice is like asking a vegan how they like their steak cooked. the fact she is even offering the advice, and if you should take the advice, it probably will end badly. david: steve, i had a policy when i worked for the journal, i don't use labels. i look what people do and i describe what they do and what she has done and what biden has done and whoever is guiding biden in economic policy or

kamala, it hasn't worked. the numbers are staggering. we got something, by the way from the university of california in berkeley, they are not known as right-wingers in berkeley, that the hot household wealth of middle-class families has accumulated to $34,000 since 2022. we also have savings which have shrunk dramatically from, from 8.2% in february 2022, to 3.4%, less than half of what it was. we are in serious trouble right now, or at least the middle class is. >> yeah, you know those signs when you go into a store and it says, if you break it you own it or you bought it? david: right. >> i feel like this is sort of the situation now. they broke the economy. it was really recovering in a very nice pace when trump left office in the last six months of his administration. it is really hard to really point to just about anything that is going right. there is probably, if you look

about 22 other 24 major measures how the economy is doing, whether small business, real incomes, interest rates inflation, on and on, the things that the chairman works on which is the debt and deficit which are through the roof, it is really scary i think to think, what if we do four more years of this? i think it could be catastrophic for the company, especially on issue on spending. that is the question. the look the economy has improved over the has couple years. the big question will people be thinking things are getting a little bit better so we're going to stick with the status quo. but when you have 2/3 of americans saying they still think the american country is in the wrong track, that is a pretty bad number. david: and congressman, most americans do feel it. they look at the numbers, maybe it disappears pretty quickly, when they have to deal with what they're actually dealing with day by day. there was a panel by the way in.

bc of all places had in which they had one woman who focused on the problems that are facing her and her fears for the people that she knows. i want to play that, get your reaction. roll it. >> if a working class mom who works as a paralegal cannot buy a two dollar bell pepper because it is now five, imagine the mower living on food stamps? imagine a mother who is making minimum wage trying to feed children. they're killing us without killing us. it is either feed my child or how about feed my children and i don't. david: congressman that is not a politician. that is not on an economist. that is real person suffering under what is happening in other real economy. those sort of statements really hit home. >> yeah. let's talk about real. the real wages of these working people, our fellow americans, who are struggling with the pain that that lady expressed, has

gone down 4%. they have lost over a thousand dollars a month, and the prices to pay rent, the prices to keep their apartment or home air-conditioned, the prices of food and gas have call gone up, all the basket of goods and services they use have gone up by 20%. mortgage prices have basically, mortgage rates have doubled. so they put homeownership out of reach. that's why we have the highest on record credit card debt at over one trillion dollars. they're paying an apr on average of 20%. consumer household debt is up at an all time 18 trillion-dollar high, this is a beatdown on working americans. david: absolute hi. >> the cause and effect should be clear, too much spending, too much taxing, too much regulation. bailsally all the things that kamala harris not only contributed to over the last

three or four years but what she is proposing to double down on in the future as a solution to these problems. david: speaking of which, steve, she just mentioned yesterday, it was breaking news, we didn't have time to get to it yesterday, she announced her new corporate tax rate, 33% increase from 21%, thanks to the trump tax code, to 28%. won't corporations just pass that right onto the consumer which means a lot more inflation >> yeah, it will be inflationary but the main fact will be you will get less business activity here in the united states and it will go to other countries with lower rates. you know, david, you and i have been in this business a long time, probably 40 years or so, there was a consensus among republicans and even most democrats that you know, a good tax system was to lower the rates and broaden the base, right? david: yeah. >> that was kind of the consensus. it worked, worked through reagan and clinton. now hook what kamala harris is doing. i was looking through her tax plan.

has the tax incentives. this group gets tax breaks. more loopholes in the tax code. how will she pay for it? oh just the top people, top 2% we'll raise their tax rates. that is the absolute opposite after good tax system. she has learned nothing over the last 40 years. it is really very discouraging to me as a supply-sider when we see our policies work yet they want to do exactly the opposite. david: steve moore, congressman jodey arrington, gentlemen, great stuff. thank you for being here, appreciate it. coming up president biden offered his support last night for anti-israel protesters telling the convention crowd, quote, they have a point. really? has he heard what the defenders of hamas are saying on the street? charlie hurt and ben domenech have been out on the street actually listening to whatth saying in chicago and they join us next. remember, special coverage of the dnc continues tonight starting at 7:00 p.m. eastern right here on fox business. ♪.

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♪. david: anti-israel protest the rage on outside the chosely guarded democratic convention as the dnc enters day two. fox news's mike tobin is live on the ground in chicago with more on this. hey, mike. >> reporter: hey, david. behind me is the park where the big march stopped briefly yesterday and right over here is the section of fencing that was breached and partially dismantled. it has now been supplemented. what i mean i will take you across washington boulevard here in the center of no-man's land between two rings of fencing a new ring of fencing stretch as kilometer. backed up by the concrete jersey barriers. if we continue the second ring of fencing is now the third ring of fencing. that is the fencing surrounding the perimeter was not breached yesterday with the chicago police say none of the protectees inside the dnc were ever at risk. we're on the northwest side of

the security perimeter around the dnc. the protesters were back at it today. codepink protesters at mccormack place disrupted a speech by governor tim walz. the thiel once again is anti-israel or opposition to u.s. funding of the israeli defense force. a group calling themselves behind enemy lines is promising to rally at the israeli consulate. they're slogan, make great like '68, reference to the riots surrounding the '68 convention in chicago. the cpd superintendent is saysth ready for whatever they will throw at them. >> you don't know what to expect from a group like that. what i can tell you what i expect from our side. what i expect from our chicago police officers who are going to be responding to that and regardless, to what they're saying, from the cpd aspect of it we're going to rely on our

training. >> reporter: now yesterday during the big demonstration i noticed a man carrying a hamas flag. i approached him, and was surprised to learn not only is he a hamas sympathizer but he is a supporter of the october 7th massacre. >> do you support hamas? >> every palestinian supports them, not just me, every palestinian supports hamas. >> do you support october 7th. >> who? >> october 7th. >> october 7th. yes i do. what is wrong with october 7th, women and children murdered. >> what is this [bleep] >> reporter: chicago police say yesterday, or as of yesterday, 13 people were arrested, 10 of them were arrested here at the breach in the fence. some of them have been released but the courts are taking it seriously. one man who allegedly hit a police officer with a bottle of water and hit him with water is looking at a felony right now. david: mike, incredible reporting. i say not many reporters would

have the guts to the ask the direct questions you did of that guy. thank you for that reporting. mike, appreciate it. for more on this, bring in charlie hurt, "washington times" opinion editor and fox news contributor and ben domenech, editor-at-large for the spectator and fox news contributor. ben, you've been outside walking amongst these folks, trying to defend the slaughter of the innocents on october 7th, doing so openly, challenging mike tobin, our reporter this was anything wrong with it. have you seen that kind of stuff on the street? >> absolutely and it's really, it's heinous. it is unfortunate in the sense that you know there is this honesty that's behind it and you don't like to see that from fellow americans. you're seeing images now, by the way, that you are just from yesterday of the people who i was among and looking at, and talking to and the things that they expressed are really heinous. you had a small group, by the

way of counter protesters waving the flag of israel, flag of america, who walked around this perimeter. i have to say the chicago police department did a great job defending them and surrounding them as they were being heckled and epithets thrown against them. this group express as real opinion part of the democrat coalition. that is why you don't see the condemnation you ought to see from kamala harris and her ilk. david: right. >> for this moment. they should be, it should be very easy for them to condemn this as being un-american, wrong, at odds with our interests as a country and yet they aren't saying it and this is a reason behind it. >> no. they're saying the carry. we heard from biden, i will not play the sound bite, you heard from biden praising the protesters, not saying an ill word about them. charlie, you heard one of the protests cries, make great like '68 specifically to ben's point,

is that what they are afraid of? are they afraid, despite, they don't believe in walls at the border but you better believe in walls getting into the convention headquarters this, don't they? but they are desperate -- >> turns out they do work. david: they are desperately afraid of this thing turning into '68, aren't they? >> you better brief it. they do love these walls and quite frankly the way this whole convention is being run right now, in fact the entire primary has been run i would argue that probably democrat power brokers probably feel pretty confident they have this fairly contained at least in terms of too much disruption inside of the building here. this is the way they like it. they you know, recognize what's going on it side of the building but to ben's point, i think this is so important, you will always have crazy people with crazy beliefs, but what's really shocking here is that the

highest leaders of the democrat party in this building today are still courting these people and their votes. they still want their votes. unfortunately, you know, the media, the political media, because kamala harris refuses to answer any basic questions about her policy positions, she is hiding from expressing any of them, she is not, not answering any of the important questions about this issue. david: right. >> and her hope is that if she just hides from it long enough, and they get through this convention without some really ugly disruptions, then it will be a victory for her. david: but, ben, i'm just wondering how many undecided, both trump and harris need the undecideds to win. democrats just voting democrat are not enough for her and republicans just voting republicans are not enough for trump. do you think any undecideds have been turned off the way they're pampering, appeasing these

protesters? >> as this goes forward you can only pamper and appease them for so long. they're demanding all these different things in terms of their expectations from kamala harris. to charlie's point, he is completely right. the reasonth playing this ftse they still want these people to come out to vote for her at the end of the day. at a certain level it is ridiculous. it is one of these things where it is very obvious the game she is i tooing to play and she is counting on the vast majority of media not to call her out for it. not make clear actually what is going on. just pretend, oh, this is the normal kind of protest that you see. it's not normal this is something that is far more severe, far more anti-semitic, with odds at everything we believe in as a country. it should be easy to condemn it. david: it is a no-brainer. >> that sends a message. david: it should be easy, it is a no-brainer, for some reason there is not a lot of brains in that room at least on this issue. charlie, very quickly, finally,

speaking of playing games, always wondering a lot of people in the economic sphere whether these downward revisions of the jobs number would some day show up and in fact there are a lot fewer job numbers? we got news today,ologynally from originally from bloomberg, the jobs number is being revised to hundreds of thousands of jobs to the point they're still growing a little bit, a real genuine slowdown we're in the midst of right now. >> we're talking north of 600,000 jobs overstated by the bureau of labor statistics and this is not the first time it has happened and you and i talked about this for years now, for years, this administration, the labor department has had to go back after every important political event and revise all of these numbers downward and, you know, really does beg the question whether or not they're

using the labor department as an arm of their political campaigns. david: that's right. >> to either hide bad news or make up good news to help democrats win elections. it is so glaring. it is so obvious and and it kind of makes you wonder why we even have a department of labor. david: yeah, well. it sounds conspiratorial but sometimes these conspiracies have some truth to them. gentlemen, good to see you both. don't get hurt at the conventions, charlie, ben, great to see you. switching gears now, democrats using the convention to spin the border crisis as under control now. despite the ongoing crises in cities all over america from the costs of an open border. joining me now is ohio congressman jim jordan. he is chair of the house judiciary committee. great to see you again, congressman. so border crossings are down. a lot of it has to do with 110-degree temperatures. the fact that texas has tightened its borders but

bottomed line the costs to americans all over the country continue to go up. five billion dollars is a cost that we're paying in new york city for migrants, for the cost of shelter and food and health care for migrants. you multiply that by all the cities and you come up to a number over $100 billion and that's not to mention the deathly consequence in terms of fentanyl poisonings and of course migrant crime. >> yeah, all that is there and of course the added cost to communities education system and on and on it goes but also remember, we released a report two weeks ago that this administration released into the country 99 individuals, 99 migrants who were on the terrorist watch list. this is unbelievable. then we've been releasing what is called the a file, some of these people came to this country and did terrible things,

like the guy who killed lincoln riley. this guy's relative were in a fanning. this guy had a criminal history. yet they let this guy into the country and does this terrible thing, murders laken riley and the tragedy for that family. we're on pace, david, to get to 12 million people in just the biden-harris administration. david: right. >> that is equivalent to the entire population of ohio, and we're the 7th largest state. that is how serious. that is the magnitude of this problem. what did they do? the border czar, of the person who was in charge of it all, they made her the nominee. david: i'm just wondering the rules they changed, of course they're vie hate al lot of laws that exist about border crossing. doesn't seem to bother this administration, the same with student debt relief but they still have policies of sneaking, sneaking migrants in by flying them directly from the home country, which is not part of the way the asylum process is supposed to work?

>> no, not at all. they're actually supposed to be detained while we evaluate their claim, better yet, do what president trump did, "remain in mexico" policy, under president trump they waited in mexico while we evaluated whether they were legitimate asylum seeker or not. so, never forget, what they did. they started this on day one. this was as deliberate, this was as intentional, this was premeditated, they said no more building the wall, no more "remain in mexico" while we evaluate your claim, and if you get here, you will not be detained, you will be released. when you send that message on day one, you take those actions, everybody wants to come. david: absolutely. >> when that many people are coming, oh, we got to star flying them in, we have to do this one app, rapid way to get people in the country. all these things they changed because deliberately intentionally, preet meditated day on day one they changed three fundamental policies that

had our border under control when president trump was in the white house. david: by the way, it has come down a little bit in terms of importance for voters but it is still according to our poll done august 9th through 12th. 87% of voters still think it is a emergency or major issue. 71% of voters continue to blame biden-harris, hold them responsible. i want to switch quickly, something you and i have been talking about for a long time. ever since president biden brought up price gouging from oil companies, you and i talked informally whether that was going to lead him to price controls. he didn't do price controls but now kamala has come out in the open to suggest that she would use price controls if shy could prove there was gouging in food distributors, if she proved there was gouging in oil, et cetera. what do you make of that? and by the way, is it conceivable if sheave doesn't have, if she becomes president but doesn't have the house or the senate or either one, that

she could do it by executive order without going through congress? >> they may try that crazy stuff but let's hope not. let's hope we win the white house. let's hope we maintain the house and win the senate. this is economics 101. this is scarcity. you talk about hurting our economy. and i do believe we're going to get past this period where it is one big pep rally for kamala harris. at some point we'll get to the issues. here is the good things, david, we got back-to-back administrations who are now running for the white house. we look what we had under president trump where we had stable prices, not this record inflation. where we had a secure border, not an open border. where we had two dollar gas, not four dollar gas, where we had safe streets, not record crime. clay travis said it best this election is about ebc, economy, border crime. i think that is so true. when we get to the debates we'll flesh this all out. american people will be able to

see. kamala harris is for price controls, limiting goods, limiting services when you do that president trump is for getting back to the good policies, good economy we had just four years ago. that distinction will be clear, when jd vance debate governor walz and president trump debates vice president harris. david: those debates will be very, very much interesting debate. chairman, great to see you. thank you so much for being mere. chairman jim jordan from the house judiciary committee. coming up kamala harris says her trillions in new spending will bring a solid, quote, return on investment but doesn't seem like she really knows what that term means. we'll be talking about it with rich lowery coming next. progressive makes it easy to save with a quick commercial auto quote online. so you can get back to your monster to-do list. -really? -get a quote at progresivecommercial.com.

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♪. >> the return on that investment in terms of what that will do and what it will pay for will be tremendous. what we're doing in terms of the tax credits, we know that there is a great return on investment. what that means in terms of increasing the tax base, not to mention property tax base, what that does to fund schools, again return on investment. i think it is a mistake for any person who talks about public policy to not critically evaluate how you america sure the return on investment. david: okay. we get it. the latest ingredient in kamala

harris' word salad, is the phrase return on investment but does she really realize how little the programs she has been helping to implement for three years actually provide taxpayers with their return on investment? joining me now is rich lowery, editor-in-chief of "the national review" who wrote a wonderful piece about this in the "national review" website. so are taxpayers getting a fair share of our return on investment? >> yeah, clearly she went out to this very brief press availability, like three minutes and someone might mention to her, ask how will you pay for this. what shall i say? return on investment. she says it five or six times this is totally inent for government. very occasionally the erie canal pays for itself, transforms the economy. makes new york city this commercial center. david: eisenhower's roads. >> or world war ii. that was investment was worth it. otherwise this comparison is totally inept.

real investors they evaluate the risk, they double down spend more on it, make the company bigger if it doesn't, the company goes out of business there is no accounting or rigor in government at all. if government spending magically paid for itself we wouldn't have a 34 trillion-dollar debt. david: last night, biden threw a number have no return on investment. he mentioned the 300,000 to 500,000 ev charging stations. how many do we have? something like 10. we can count them on two hands. there is all kinds of examples of this. in fact the chips act which cost $280 billion more or less, was supposed to, i again biden last night they claimed they created jobs. well intel, the biggest u.s. chip manufacturer, one of the biggest, if not the biggest, last week they announced they are laying off 15,000 workers. where is their return on investment. >> back to the charging stations, one they are totally inefficient building the things. two, they're uneconomical on the

face of it. you know, david, no one ever has to subsidize is a gas station, right? you go there for five minutes. fill up a tank. buy a coke and bag of chips. everyone makes money and everyone is happy. that is not true of electric cars and infrastructure as it stands now. the wheel reason you have to spend money on it. david: the free market filled that space. they realized in the '20s, '30s, when they began to roll out highways in the beginning there was need for it. there is money could be made doing this. if you invest in it, put sweat and muscle in the business, that is what created it. you don't need the government to push it away. sometimes they distort the market like, the biggest financial crisis in my-time was 2009 financial meltdown. one of the things that started it was the government was forcing banks to buy up these subprime loans, the bad housing loans, and that led to a spiral that led to the crisis. >> right. so what happens, government intervention distorts markets

and makes things more expensive. you see it in health care, you see it in higher education. what is the solution from the democrats, it is never this is mistake roll it back, let's spend more. the tax credit element of the kamala harris program is subsidizing obama care to make it more affordable which was supposed to be the point of obamacare in the first place, right? david: the other thing, by the way, the 25,000-dollars announced on friday she would be giving to i don't know how many millions of people the first time. again i thought of the 2009 crisis the government forcing banks to make these bad loans, this might be more of that because who knows how that will distort the, the real estate market is in trouble now because we don't have enough housing. it is that simple. we don't have the inventory. >> not enough. david: how is rising prices even more through government subsidies going to help that? >> you will give people $25,000, houses magically will be $25,000

more expensive this is what we've seen in higher education. all the grant and loan programs haven't made it more affordable they have driven the cost up. it is perverse effect they don't account for. they never worked, we don't need to do it anymore. it is layering it on and on, she wants another $1.7 trillion in deficit spending on top of what they have already done. david: 20 seconds will voters buy it? it still sounds like you're getting something for nothing. do you think voters will buy it and see through. >> that is the allure there, money for nothing. the trump campaign needs to make a disciplined case against it, attach her at the hip to the biden administration which a large majority of americans think has failed. david: you know who can make the case? is jd vance. i don't see trump turning making that case as well as jd vance can. he can explain things so clearly that might be kind of complex in economic terms. good to see you, rich.seve thanks very much. we'lail be rightrw back after t.

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♪ david: well, thank you so much for watching this special edition of "can kudlow," and don't forget to tune in for special coverage of the dnc tonight starting at 7 p.m. eastern. and starting right now is liz macdonald to take you through the next -- elizabeth: thank you, dade asman. great to see you. i'm elizabeth macdonald. let's get right at it. we've got a jam-packed show tonight. first, this from former president trump today the hammering away at ka