tv The Kudlow Report CNBC August 21, 2012 7:00pm-8:00pm EDT
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the quarterback, i need your help with. go to@jimcramer on twitter. i need an actual stock. people tell me ryan fitzpatrick. give me a break. todd aiken says he's not quit, undoubtedly putting the republican majority in the senate in jeopardy. here's nbc's stevehandlesman to lead us off. this republican crisis seeming like it would end with todd aken step aside.
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but akin says no. i'll have a lot more on this story later in the show. >> all right, steve, thanks very much. also this evening, is the president relying on leftist nancy pelosi and valerie jarrett for every move he makes as president of the united states? that is the bombshell assertion from a new book "leading from behind" the headline-making book also reports it was hillary clinton who pushed obama to finally pull the trigger on bin laden after three false starts. the author of this blockbuster book joins us exclusively this evening. market is down today. here's the big story. i tweeted about this today. oil has been rallying. this as sash rallying between iran and israel get stronger by
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the hour. check out how gold is soaring. is this a safe haven from war? or might it be quantitative easing from the fed. "the wall street journal" out with polling numbers. eamon javers out with details. >> the latest poll numbers are out. starting with the overall headline number here, who would you rather vote for, obama/biden, 48%. romney/ryan, 44%. look at the right direction, wrong track. that one not necessarily good news for the folks a the white house. 32 brs think the country is going in the right direction. 61% think it's on the wrong track. but flip over to the economy, you see something that's going to give folks in the romney campaign a little bit of pause
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here. ask if the economy is going to get better? 36% say yes. look at the jump. 18% saying the economy is going to get worse over the coming month. and then look at wall ryan and the effect he's had or more correctly, not necessarily had on this race. does adding paul ryan to this ticket make your more likely to vote for mitt romney? 22% said yes. less likely? 23% said yes. and 44% said it will not affect whether they vote for romney or not. the that spread is worse than joe biden or sarah palin had on their tickets the last time around. >> it may be a little early, eamon. is putting wisconsin in play. i think that speaks to the ryan phenomen
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phenomenon. we'll see. i think this falls a little early in making that judgment. thank you ever so much. now, you know the flaz behind every great man is a great woman? that holds true even in washington but the name of the woman behind president obama is not just michelle. it's also valley jarrett. my next guest, best-selling author and investigative journalist is out with a new bombshell book today that pulls back the oval office curtain and reveals that when it comes to key decisions, not one i is dotted, not one t is crossedcon highly influential jarrett. here's the author of "leadliing from behind -- the reluctant president and the advisers who decide for him." you're saying that valerie jarrett probably single handedly stopped the attack to take out
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osama bin laden three times and maybe even a fourth time? >> well, that's the word that filtered down in the planning of bin laden raid. in january, february and marnl, the operation planning was stopped and the word that filtered down to them was that was at the behest of valerie jarrett. he says he talks to her two or three times a day. and in the same time frame, that two-year period, when they were hunting bin laden, he saw his cia director nine times. nine times in two years versus two or three times a day. >> what is her strangle hold over him? i've read ed klein's book and other books. she is a real far left kind of thinker and fits right in, in fact, along with michelle obama. they're both pulling obama to the left if he needs to be pulled to the left. but what is valerie jarrett's hold? she deals with economics people, she deals with bankers. i've had bankers come back they
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had to deal with vool rvalerie jarrett and they giggled because she doesn't know anything. >> she's simultaneously the mentor to both michelle obama and the president of the united states. we've never lad somebody in that position. presidents have had mentors and advisers, but the degree of contact and reliance on jarrett is unusual. and the fact that she also has that same relationship with michelle obama strengthens her hold incredibly. they talk all the time. every campaign that he was involved with from 1991 onward is -- he is directly involved with her. people realized if they tangled with her, they tended to lose. he always backed her. >> he brings in bill daily, incorrectly praised him. >> sigh of relief. >> centrist, a business guy,
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banker. and from what i gather, valley jarrett and maybe michelle obama knocked him out of the box. >> not only that, but anything that tends to take away her ability to control the president or influence him corregreatly, pushed them out. it's no accident that rahm emanuel decided to run for mayor for chicago. >> what about hillary clinton? now, ultimately hillary won on the osama bin laden. is hillary your hero of the book? >> absolutely. they took gutsy stances and pushed for the bin laden raid for months and months, over the opposition of many people
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surrounding the president, including valerie jarrett and so on. what's interesting about hillary, she had to rehabilitate herself. she was a bitter rival with obama in 2008, one oof the most device arive in recent memory, maybe ever. and she's named secretary of state. the only cabinet official that has a weekly meeting with the president. and manages to woo him and win his trust. so much so that she's able to have some influence over obama, not just on bin laden, but also on the lib a operation which would not have occurred without the leadership of hillary clinton and others. i think history is going to be very kind to hillary clinton. >> and how does michelle obama play into this. she's ideologically way to the left. me she is involved in policy decisions with her husband mump more than people realize. >> she's unusual in that she has policy advisers and a chief of staff. usually first ladies spend their time going to tea, charity
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events and so on. she wanted to play a policy role and was very uncomfortable with the traditional role of a first lady. didn't like it. valerie jarrett was very useful in .soing some of the attacks coming on michelle obama. >> you've got valley jarrett, michelle obama. that's the source of the campaign. it's not bringing people together to improve the economy. this campaign is to lash out at business, to lash out at successful entrepreneurs, to tax the rich. is that where it's coming from? those two gals? >> they have enormous influence. one thing that makes obama unusual as a president is the degree in which he relies on strong, progressive-minded women. hillary clinton, nancy pelosi and of course his -- >> nancy pelosi who basically wrote obama care. >> right, and forced it through. >> and ra 34 emanuel was opposed to it. >> obama was opposed to the
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mandate during the election. >> now you've got a third woman, a third player. how important was nancy pelosi? >> the legislative record in the fist two years is largely a result of nancy pelosi to set a radical agenda and drive it forward. >> why would this change if he's re-elected? valley jarrett will still be there. nancy pelosi is still there. michelle obama will be. why would any of this change? won't we keep moving further to the left with this group in charge advising obama on a daily basis? >> if anything, the trend will accelerate. there will be no check with the fear of re-election. the president can't run again and he'll feel confirmed. he'll feel that he has a mandate. and certainly valley jarrett and the other people around the president will feel like he has a mandate, absolutely. >> and h ewill follow through on that. here's the last one. he and his group have given himself credit for his decisive leadership on assassinating
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osama bin laden. i don't want to take away the killing of bin laden but really, you're saying there was no decisive leadership at all. there was hesitation, hesitation. even right at the end, hesitation. they blamed the weather, but the weather was good. is that fair? >> in fact, i dug up the weather reports and they revealed no, the weather was fine that day. they were worried about the political blowback. they were worried more about the political consequences of a failure and the reaction of the arab borld than they were worried about the possibility that bin laden might escape. >> but hillary was smarter. she worried about the consequences of not doing it. that haunted her husband. >> a leader can fear making a mistake or fear missing an opportunity. this is a president that fears making a mistake. >> all right, richard, thank you very much. it's a great book. we should mention that woe we called valerie jarrett for a
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response. we have not heard back and i'm not holding my breath. and our prayers to the news guys have thrilled because joe biden will be unshackled when the republicans hol their convention. maybe they're going to try to steal the gop thunder. we can only hope he opens his mouth frequently. and speaking about thunder, gop convention organizers are keeping a close eye on tropical storm isaac. some computer models have it headed straight for tampa next week. and a quick programming note, i'll be coming to you live from the republican snanational convention in tampa florida, maybe with a raincoat and some swimming suits. richard's new book, by the way, is called -- >> leading from behind. >> i wanted to get that right. the s&p 500 hits a four-year high, but it's rising gold and oil that are making headlines on growing fear of a war between israel and iran. what's an investor to do?
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our next guest has some answers. later on, gop presidential candidate mitt romney, plus numerous high-ranking republicans. they are calling on missouri gop gongman todd akin to step aside after his offensive rape remarks. could his refusal cause the gop the senate? or is there a way around him? we're going to reveal a plan that could save the missouri race and the senate. and as always, folks, don't forget, free market capitalism is the best path to prosperity. maybe valerie jarrett should read a little milton friedman. it would probably help her enormously. i'm larry kudlow. we'll be right back. [ male announcer ] now you can swipe... scroll... tap... pinch... and zoom...
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whip saw day on wall street. the s&p 500 did touch a four-year high and then gave it all back to finish the day in the red. also commodities on the move. gold and oil on the rise over fears of what israel may do about iran's nuclear ambitions. let's turn now to our market pro. i want to go right to this thing. you got big headlines today, big headlines everywhere about
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israel going after iran to stop nuclear development, possibly a plan for a 30-day war. no one can be sure. i can see oil and gold dis engaging from the stock market. we could be headed for very rough waters here. i want to get your take on how to play this kind of thing. >> first of all, it's better to be long oil. being short oil, you can't sleep at night because of this. we did have some people talking about releasing. i am long the uso etf and i plan on staying that way for now. as for gold and oil, i'm not positive the two are completely linked. if you've seen the way the bond is traded in the last couple of weeks, one, we're backing off of qe 3 a little bit. two, we think the ecb is going to back every bond on the planet or something like that. but three, we're starting to
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worry about the inflationary people's bank f of china. i think there's a tiny bit of inflation fuelling gold and silver to a degree. >> i don't buy it. i don't think there's any inflation anywhere on the planet. maybe in the next three to five years, but i think right now, people are running for a safe haven into gold. >> why are they they selling bonds? >> golds are cheaper than bonds. bonds are very expensive. it crossed a technical foint. i'm just saying this, i don't know what's going to happen, okay? i can't predict. but there's so much talk about israel going after iran in a kind of october surprise before the election. what i'm trying to get, jim, is your take on how investors should look at this. do you get out of the market? do you stay long oil and gold? i understand the strategic petroleum reserve may be unleashed. i understand the saudi, 10
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million barrels a day. i get that. but i still think war breaks out between israel and iran, and all hell breaks out in financial markets around the world. that's my own instinct. >> okay. and i agree with you on almost all those fronts. anticipate that's why i'm long oil. but do you think if the market was really pricing in that type of thing that bonds would still be breaking? you could say whatever is cheaper, but bonds pay you some kind of yield but gold and silver don't. i think there's other elements, definitely think without question, that's in the mix and that's why i remain long oil. >> all right. i may be dead wrong here and mab we're both partly right. >> we're almost in agreement. the difference between what we're saying is very slight in my opinion. you what you're saying is on-point, i just think there are other factors at all. >> you do follow the political story, this flap in missouri, okay? so the republican guy looks like a loser. does this upset the parkt in a sense that the senate may not change hands?
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and that we may have the kind of gridlock we've had and we're moving toth left in washington, d.c. is in i of that possibly in the market today? market is hoping that gets pushed further back in leans the last couple of days and we can continue on the strength of romney/ryan ticket. i thought would happen when named is that initially, the market would think he's way too conservative, willens the chance of a win, but as time goes on and we invite comparisons on policy between ryan and biden and obama for that matter, we realize that strengthens that ticket. but the thing in missouri, i think the market believes it's going to be pushed to the back of the headlines in a couple of days. i hope that's true. >> up next, poker isn't gambling. you heard me right. poker isn't gambling. we'll explain. when we do the headlines next on "kudlow." ♪
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you do what you do... because it matters. at hp we don't just believe in the power of technology. we believe in the power of people when technology works for you. to dream. to create. to work. if you're going to do something. make it matter. >> all right, so how is it possible that poker isn't gambling, give us more on that and all the latest breaking headlines coming into the cnbc news room. >> that's right, larry, there are fables like the moon is made of green cheese and facts like poker is not gambling. the prime minister says his
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country needs more time ahead of meetings with france and germ y germany. he said all we want is a bit of air to breathe to get the economy running. and dell's earnings report beat the street on revenues and earnings per share. but the company's lowered guidance blaming the macro environment and an animal rights group video showed sick cows being abused before slaughter. the usda stopped central valley slaughter operation and is investigating whether sick cows wound up in the food supply. and now the big poker story. a federal judge says it isn't gambling. that's right, poker isn't gambling under fe ral lderal la because it's a game of skill, not chance. jack winestein made the ruling
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in a case. it's a big if it isn't joo overturned on appeal. i want to know, are you a poker player? >> i'm not a poker player, but i'm interested in whether the judge is a poker player. >> poker is actually a very historic game in america. i was going research. apparently president roosevelt, president truman were all poker players. >> i agree. they were good poker players, too. could use a good poker player in the white house. up next, mitt romney along with high-ranking republicans are calling on todd akin to abandon his senate bid in missouri following his abhorrent remarks about rape. but akin is vowing to stay in the race. this is an important race. and it could spell disaster for the republicans. our free market panel faces off when we come back. ♪
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aramisle. now it's reported that israel is putting finishing touches on an attack ploon. an israeli war against iran. we're talking about massive ramifications smack in front of our own elections here. plus, mitt romney endorsing an audit of the federal reserve. it looks like that's going to make it into the republican platform. the fed has something like 50 to 1 leverage, very little equity capital and they are using all that to finance the federal deficit. the public doesn't know about this and it should. i'm going to ask former federal reserve governor randy crowdner whether his former colleagues should be held accountable. missouri congressman todd akin said today he will stay in the senate race. he is the only one claire
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mccaskill can beat. that may end the hopes of a gop majority in the senate. we have the latest on this story. good evening again, steve. >> thanks. republican insiders worry abortion could hurt them in the fall. but it is bigger today because akin is fighting back. refusing to quit the race, todd kain -- akin bought tv time to apologize for liz statement on legitimate rape. >> the many is take is in the words i used, no the in the heart i hold. >> it's smarter for him to say h egrieves for women who have to go through that. >> and trailing in a survey of women voters, the ryan/romney
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campaign could be in jeopardy. >> a week before the national convention, this is not what the gop wants to be talking about. they want to be talking about the moms out there still trying to balance budgets. >> but in tampa today, where the republicans hope to widen their appeal, the gop platform committee was considering a ban on abortion even after a prap. mitt romney told wcmh he won't be bound by that. >> in the case of rape and incest and when the life of the mother is at stake, i think abortion may be appropriate. >> conservative activists put absolute abortion bands in the platform in 2004 and '08. and the nominees george w. bush and john mccain ignored it, like mitt romney says he would do. larry, back to you. >> all right, many thanks, steve handelsman. >> wait, wait, wait. there ma i be a way to get around this whole mess. here's a former clinton white house aide, tory clark and
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senior adviser to cnbc parent comcast corporation. and cnbc contributor jennifer ruba, author of "the washington post" right turn blog. jennifer, i lued what you wrote today. there might be a way out of this. i saw it in connecticut with joe lieberman. tell me how the gop can get around this. >> there are two ways. the real deadline is september 25. he can go to court and be freely given a permission to get off the ballot. in a week or so when the money runs dry, he can reconsider. the second option is to put else on the ticket. if they ran jack danforth as an independent or they ran a kit bond recently retired on the ticket as an independent, the republicans could back that person and quite likely really do mr. akin in. so i'm a little bit optimistic after hearing the cry not only from washington republicans but really from the grass roots that he's going to be gone in a week or so.
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>> all right, do you think that's true? he'll be gone in a week or so and the gop will take their proper place? >> i don't think so. he's part of the republican mainstream. >> he's not. everybody and their uncle told him to get out. how is that main treatment? >> he exposed the reality that this is what the republican party believes. in the 2004 plat fom, 2 o08 platform, now the 2012 platform, they've come out against abortion, even in rape and incest. 227 members of the republican party veeted in favor of redefining rape, along with paul ryan, voted in favor of redefining rape with the whole forcible rape nonsense now you're talking about this is not the mainstream of the party. the republican party has been taken over by the tea party
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extremist. >> those are talking points, keith. >> it happens to be true. is there anything not true about that? >> let me get tori clark in here. it's a pleasure to have her back on the program. >> it's nice to hear them going back and forth. look, there are a couple of issues. mitt romney said, you saw the clip, mitt romney said he would not abide by the party platform. >> right, absolutely right. >> but the party platform is somewhat inconsistent with this attack on this akin guy. after all, if it said there's no exceptions for rape, for example, there is an inconsistency here and it kiep of makes the republicans look a little weaker, it seems to me. >> i will give you $1,000 to the charity of choice who can find one person that tells me either party's platform makes any difference in any election because they don't. and keith is using these old
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tired hackneyed talking points. i would be much happier if we weren't talking about this and talking about important issues. you have seen so many republicans from the far left to the far right of the republican party say get out of here akin, we have nothing to do with you. what you said have nothing to do with what we represent and care about. >> he aid the truth, though. >> he did not speak the truth. >> why did the republicans vote in favor -- >> he's not saying -- >> let me just ask this question. why did 200 republicans want to redefine rape, including paul ryan. why did they do that? >> that's not the issue that we're talking about today. >> what is theish now? >> a lot of republicans have come forward and made clear that
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there is no time and no place for what he said or what those views represent. >> now that it's controversial and out in the open. you suddenly want to be against it. mitt romney took two days to come out against this. >> no, he didn't. he spoke about it yesterday. >> paidly. -- immediately. >> i think keith is being consistent here. i know the platform will be ignored and i know mitt romney does not agree and he wants certain exceptions to the pro life position. and that's been the traditional candidate. here you are, as our own steve handelsman is saying, on the eve of the convention, all of a sudden the abortion debate has broken out, not economy, not jobs, not unemployment. and i can't think of anything worse to happen here. and somehow the father elders have got to step in, not just calling this guy to come out, but they've got to make strong statements about this. >> i think they will. i think steve's report is a little bit exaggerated, if to i might say.
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the campaign and the convention is not going to be about this issue. those campaign, big speeches are going to be about the economy, medicare, which the president has no plan to fix. it's going to be the sequestration cuts coming out that's going to lay off tens of thousands of people in the middle part of the country. i think they're going to have message control. i think akin will go away, whether that's sooner or letter, i don't know. i feel confident the campaign of romney/ryan and the message coming out of the tampa convention will be pretty much on the money. >> but jennifer, the missouri secretary of state is a democrat, and -- >> it's not up to her. >> i know, but she can still try to block it, though. >> i know the democrats don't have respect for rule of law, but a judge will get to decide -- >> hang on. let me ask the very key question, who will take the missouri senate seat? will it be a democrat, mccaskill, or will it be some republican?
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who's going to win that seat? >> i think if, as jennifer said, and i hope, that a really good republican like a danforth can be convinced to come forward, i honestly think he would win it. if they can't get someone like that moving quickly, i think she wins. that was a likely pick up for republicans. if akin was listening to any of these shows, they should hear people say it's not good for your state, your family, your country, get out of the way. >> thank you very much. backlash over president obama's anti-business you didn't build that statement continues. yeah. new rasmussen polls show among entrepreneurs, mitt romney holds a 20-point advantage over president obama. let's now turn to ace pollster scoot rasmussen. scott, what did you make of this? small businessman want romney.
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if it was up to them, the election would be over. >> 56% would vote for romney, 36% would vote for obama. obama, by the way, counters that with a 17-point lead nong those who work for the government. on the public payroll, they support obama. entrepreneurs goes to the other direction. >> who's got the -- do private entrepreneurs have nor votes or public union workers? >> there are more entrepreneurs. and really, this defines the whole issue. what is your issue of what drives the economy? the entrepreneurial free enterprise system or is it the government? is is that's the deciding point in the election, it's very good news for mitt romney. >> if you ask me, it's the entrepreneurs. oh, i thought you were asking me a question. >> i knew that one. i knew how you would answer. >> all right. let me ask you another poll on your website today. the majority of voters want lower taxes and lower spending
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in order to improve the economy. >> well, larry, i will ask you a question. what's the difference between you and me. the answer is, you lived in a year when government spending went down in america. the last time it happened was two years before i was born. voters don't like it. >> all right, so this is important for this race. these are also major distinctions between the two candidates. >> sure. now a plurality of democrats, 45% of democrats believe an increase in government spending would actually help the economy. they believe an increase in taxes would help the economy, but republicans and unaffiliated voters disagree. the down side of this, if you're team romney is they don't think spending will go down under a romney administration. there's a lot of skepticism. they think it will go up you should obama, stay about the same under romney. that's one of the areas where the, i guess, the establishment nature of the romney campaign is working against them. >> that's a very interesting
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point. romney has some work to do to persuade people. thank you very, very much. mitt romney joins ron paul's audit the fed camp. it looks like it's being embraced by the republican platform committee. is it time for full fed transparency? we're going to ask our favorite former fed governor randy crosner in just a few moments. [ male announcer ] count the number of buttons
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in communities across the country. whether it's supporting a delaware nonprofit that's providing training and employment opportunities, investing in the revitalization of a neighborhood in the bronx, or providing the financing to help a beloved san diego bakery expand, what's important to communities across the country is important to us. and we're proud to work with all of those who are creating a stronger future for everyone. mitt romney is coming around on money. he now says he wants the ned ral reserve audited. before you say hey, that's what ron paul said, which is true, i, too, have been through this at some point. why shouldn't the fed get
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audited? we've all been audited. it's been estimated they have 50 to 1 borrowing leverage, very little equity capital, mortgage-backed bonds and they're enablii believe aing tr dollar deficits by funding the u.s. debt at zero interest rates. does the public know all this? i don't think so, but they should. here to talk is randy crosner, university of chicago's boothschool of business. should the fed with audited by the general accountability office? >> the fed is already audited by the big accounting firms. so all that information is out on the public. they put detail on the balance sheet. they talk about all the special programs they have. and then there's a full audit by the accounting firms. so just like every other firm,
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the fed is audited. >> i don't think what you say is true. i think it's a private hush-hush process. i think the minute you have congressional oversight, the game changes and all of a sudden the questions are being asked in full public view. i don't think people know how much damage the fed has done to its own balance sheet. someday maybe in our lifetime interest rates are going to go up and all hell is going to break out. >> all that information is already out there. of course, members of congress have access to that information, the public has access to that information. chairman bernanke who's up to capitol hill all the time, i think he's more popular there than justin bieber. he's always there ready to answer question fps the audited financial statements are out and there's monthly reports as well as weekly reports put out. members of congress as well as members of public can ask anytime. >> let's start at the campaign tra ill with mitt romney coming
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out with an audit, i have heard romney say this before anyway. do you think that what might be construed as some hostility to the fed might affect the fed's open market decisions in the next couple of months? >> i don't think so. i think chairman bernanke is going to do what he thinks is the right thing and try to get the rest of the fmoc to go along what what he thinks is the right thing for the economy, regardless of whether the election is a month away or a year away. >> and randy, we had peter fisher on last night, former secretary of the treasury. he was very critical of operation twist and said we do not need to have more quantitative easing. it hasn't worked. it's just sit on the fed's balance sheet and we distorted the treasury yield curve and it's actually stopped lending. he's against operation twist and quantitative easing. what's your take. do you expect the fed to take these actions? do you want them to? >> well, the fed has decided to
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twist again like they did last summer so they've extended the twist program where they southeasterlying the short-term securities and buying the long-term securities. i think it's bring back some of the long rates. we've got a ten-year bol roaring rate at 1.8. it was as low as 1.4. i think it's had some contribution to that. does the economy need a boost or not? i think we're in a sideways slide now. the jury is out whether more boost from the fed is going to be effective or not. >> i would say we need an across the board marginal tax rate reduction for individuals and corporations. that's the kind of boost we need. not more money. i'm sorry we're out of time, randy. we always are. i want to talk to you for 20 more minutes. coming up on kudlow, october surprise. benjamin netanyahu reportedly determined to attack iran before the u.s. november elections.
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>> before i get to the republican convention, we've got a tough question. are israel and iran on the brink of war? there's a report out tonight that israeli prime minister benjamin netanyahu is determined to attack iran before the november elections here in the u.s. and here to talk about it is my great friend. >> the fog of war, that's where we are right now. the israelis are ready to do what they must to defend their national interests. the united states is very well aware of the fact that iran is a major threat to israel. at the same time, syria remains
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an open wound. here'sle ka cue lags on the white house's part. if it move against skeer yeah, that will stay israel's hand because we will be bound to deal with the chaos that ensues. turkish troops move into syria. syria knows this, iran knows this. on the other hand, israel knows if it does not move now and the president is re-elected therefore it loses all advantage and the president with his pro islam, pro islamist leanings with not listen to israel. so israel for the next 76 days has the advantage to move now. >> because obama wouldn't dare come out against israel on the' of the elections. is that the political calculation? >> it's very cynical, very bloody minded on everybody's part. ne net spent time with donalon.
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he did not brief him on the w plans. nor did he tell him if or when. we have assets rotates into the middle east. are we capable of backing up israel or turkey. that's the open question. >> let me just back up for one second. in the israeli government, the army defense forces and the intelligence community, is there any dispute? is there any argument going on? is there a unified position? or are they still arguing amongst themselves whether to take this iranian action. >> i'm told unified. i'm told they're aware when they move on against iran, they have to do it hezbollah in lebanon and the gaza strip. i know the israeli national security is extremely capable of handling all those threats and
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they will handle them bloodily and ruthlessly as they must to defend the people of israel. hezbollah and hamas and syria will launch weapons of mass destruction against the israeli population. >> so in terms of ghee yo politics and the financial world, on a scale of 1 to 10 with 10 being very, very certain, how would you rank an incushion, some kind of israeli war against iran? >> from what i learned today, we're past 5, we're into 6 and 7. because of the political calculation. and that's important now. >> the political calculation with respect to our election? >> you and i have talked often, larry. this white house thinks politics first, politics second, politics third. et dwuz not think about our allies' safety. israel is very exposed. iran is a predator state. syria is ott of control.
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the whole region is fragile at this point. there's no way of knowing when this is going to happen. but larry, there are 150,000 turkish troops at the border. they're not there for a holiday whp when they cross over, wh enthey impose a no-fly zone along the syrian turkish border, at that point, assad has said he will use his weapons of mass destruction. the president the other day said that was a red line. that was a warning to everyone that we're very close. >> and apparently today, putin says to obama, or through an intermediary, don't do anything usa. we're going to sit by and not do anything. >> russia has its own problems with islam. so putin is also worried.
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>> this is a long-playing story that may come to a head very, very quickly. another quick programming note, folks. we're going to take our show on the road next week. we're going to come to you live in tampa, florida. you're going to be down there, too? >> i'm going to talk to you. >> that's it for this evening's show, everybody. thanks for watching. israel and iran, this is a very tough story. i'm larry kudlow. tdd#: 1-800-345-2550 you should've seen me today.
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