brings you the latest in nonfiction books and authors. funding for cspan2 comes from these television companies and more including cox. >> homework can be hard. squatting in the diner for internetwork is even harder. that is what we are providing lower income students access to affordable internet so homework and just be homework. cox connect to compete for. >> cox on these television companies support cspan2 as a public service. >> larry kudlow we be writing a book about your time the trump administration? >> i don't have anything planned at the moment. never say never not at the moment i don't. what summary jobs you have? >> there is the foxbusiness show every day. i can plug for it -- 5:00 p.m.

i love that that is the bulk of what i do. i do a lot of different segments for ftn and fox news. in fact they did when this morning on fox and friends. i also do radio show every saturday morning we are live streamed are also syndicated some in formal political with my friends on policy, pretty much anybody who asks. i'm a grateful camper wife after the white house has been terrific. it is a real blessing for me pick. >> this is your second stent in the white house correct? the first being? >> a few years ago it was

somewhat lower position as the deputy of managed and budget at the reagan administration. the director in those days was a man named david stockman remains a friend of mine. and yes that was my first job. it wasn't reagan's first term. >> larry kudlow your 2016 book connects the reagan revolution with jfk. what does that policy connection? >> it isy: kind of -- it's a sty i have wanted to tell for years. it's been the back of my head. and i worked with my pal who is a terrific researcher and co-author. so basically, in a nutshell, jon f. kennedy was a progrowth democrat. he was a taxcutting democrat. he was a supply-side democrat.

and when he ran in 1960 he really ran as the growth guy and richard nixon ran as the status quo. in those days the republican party was okay with very high tax rate. eisenhower had no interest of cutting the 91% tax rate they inherited from fdr's new deal. candidate did not explicitly run on it is that i want 5% dry with low unemployment. they were reset three recessions are in the eisenhower years. that is a little known fact but is true factually. the connection to reagan some 2r years later was reagan lowered marginal tax rates also.

and helped reignite a better economy. i would argue is i do quite a bit on our show that the reagan tax cuts launched almost a three decade prosperity. the jfk tax cut launched eight decade-long prosperity but was unwound and undermined by lbj great society. richard nixon, gerry ford, jimmy carter none understood tax cuts. the economic growth effects of lower marginal tax rates. maybe we can talk about that some more. in some very smart people still around thankfully my dearest friend and mentor and robert mundell and jack kemp and others brought thean supply-side.

the tax cuts to reagan. and reagan looked at them, thought about them and ran on them. it was great controversy it just as wasn't jfk's day. and it worked. reagan had two rounds of tax cuts. i was there for the first round was involved in the campaign to promote it. >> it would be a major aim of our tax reform programs to broaden the tax and reconsider the rate structure. >> absolutely. there's some really juicy jfk quotes that could easily applied to reagan. in fact listen, candidate was the first guy to use the phrase a rising tide lifts all boats. that phrase was used p years lar by jack kemp the late jack kemp who was a very dear friend and also a mentor by reagan.

trump used it, the trump tax cuts which were more on the corporate side but were an enormous tax were cut from the same cloth as the reagan and jfk tax cuts. i was able to bridge it reagan trump on those policies. i was too young for jfk. just barely too young. i was really only 17 when i went to the reagan white house, thought that was a joke. and if i may but warren g harding in the 1920s harding,

his vice president, college coolidge and his treasury secretary andrew mellon it was a great figure and pittsburgh an option or help banker. they put together a huge reduction and marginal tax rates. the income tax amendment i believe is 1913 the 16th amendment started out at 7%. one woodrow wilson left office it was over 70%. we went into recession after world war i. those guys brought tax rates down to 25% and launched eight tremendous and boom prosperity boom in the 1920s. went to give me one more on this and that is, another of my favorite figures is ulysses s grant. he was arguably america's greatest generals are one of the greatest generals they still

teach some of his formations at west point. but grant, as president also much-maligned. my colleague wrote pretty good book. grant did two things to economic things in his administration but he never gets credit for this. the liberal historians will never give him credit. and the fact is grant and in the civil war income tax, ended it. and grant restored greenback to gold. we had massive wartime inflation and height wartime taxes. grant ended both. and also helped launch the second industrial revolution which is sometimes referred disparaging the as the gilded age. it was a phenomenal. diin america. just to be consistent here is my guy grant. he is cutting taxes.

harding, he is cutting taxes. kennedy is cutting taxes. reagan is cutting taxes, trump is cutting taxes to serve under the last twowo which i have been around for the others, it would've been great fun. >> mr. "kudlow" in all of your books and your work on foxbusiness et cetera you talk about economic terms. i was hoping we could have a broader discussion how they all work together, tax rates growth the bond market, the stock market what is the interplay between all of these? what, i would simply say the absolute basic key elements to economic growth and prosperity let me step back a moment. i am for growth i am for prosperity.

in my whole career seems to me my first job i ever had was at the federal reserve. new york federal reserve bank of new york. i served in open market operations. as a secretary to paul barker. fed three government assignments. if you do nothing else in government you should promote policies that would generate growth, prosperity, jobs,s, optimism. that is our job. i am a free market capitalists. i believe in free enterprise, capitalism. the suresten path to growth. when i was in cnbc days and i had my show there i believe that

i still believe that the least possible government intervention. and we need a sound currency which i call king dollar. that was my phrase years ago king dollar. and if you break that, if you move to a policy regime of high tax rates it's a cheap dollar it's a basic dollar depreciated dollar you will not find yourself with high inflation high unemployment and i've argued down through the years is almost no exceptions to that the

economics profession nowadays like everything else in the academy moved away far to the left. point i am making and prepared to argue in historical terms as are the essential ingredients the lowest possible l tax ratest a sound reliable king dollar. >> is a fed too powerful is it necessary? work so well, i will not argue the necessityty part. although it's interesting the gilded agent j.p. morgan was his

own fed. [laughter] rescued the monetary system a couple of times. [laughter] but is it powerful? yes it is. troubling to me, the most troubling part of the fed to mep as it has lost sight of its principal mission which is to keep the current seat sound and the price level stable. nowadays, with all this talk of old woke culture and woke economics, the fed and some of its appointees are talking more about climate change and price stability. diversity, i'm not opposed to diversity, lord knows it. i'll think that submission to the fed. without any prejudice uh-oh. but the idea at once to equalize the economy, that it takes the

left wing socialist view that we should all be equal at the finish line in a free society like ours was equal opportunity at the starting line.er and then the finish line it will exercise our god-given talents in many different ways. way too much is geared something called equity, climate change which i am not a climate denier, i just say we do not have ae climate emergency we do not have an existential climate risk even un reports it's a political obsession almost a religion. and i said comes lately, utterly missed the boat on we experience in today.

that last one is really unpardonable. >> one of the other issues that is brought up in this genre is income inequality. is that a case and press? should we be concerned that person x makes it ten times as much as. >> no we should not. again, the idea here for me is we should by law have equality of opportunity at the starting line. absolutely by law. but we cannot guarantee equality of results. we cannot. even in communist countries innt the old soviet union. look, i grew up during the cold war particularly in the reagan years when he fought soviet

communism. the only equality they had in the soviet union was a quality of poverty. and then who ran the place with no widespread prosperity ever. that's true for all socialist or seconomist countries. so no, we should not strive to end something called inequality. we should strive for growth and prosperitygr. i would have unlimited opportunities. that is why i argue, the government cannot manage the economy. the government cannot manage the price system. the government cannot manage markets. we have literally thousands and millions of people operating in a free economy. i want the economy to beon free.

i want them to all have their personal freedom. that is a job for the so-called private sector. that is why i say free market economics is the best way to prosperity. free-market capitalism. i want individual freedom inside the economy, freedom to fail.on and freedom to succeed. one of the great aspects of america and it's still true to this day, you've got entrepreneurial story where people havee an idea, they migt scratch up some money to finance it. and it may not work. it may fail. inmate failed several times. you may go bankrupt, but at some point you may get it right and then you become a success. a massive success. that is what is so brilliant about the gilded age.

the industrial revolution, the second industrial revolution buried the information revolution and our lifetime. the stuff we routinely use today it did not exist when i was in prep school or college or starting out. all of that stuff. do you have a spare mimeograph machine in the truck if you remember that? all that is gone we do not even t xerox anymore. you are running this show on the little iphone for heaven sakes i love it. most of the stuff how to use it. my point and shoot at kids dropping of college trying to put things together they fail, they fail and then they succeed. that's the american story. behind that story is freedom. is freedom.

i spent a lifetime trying to promote freedom but i won't call my friend had dealings with elon musk which sheet he's trying to do calls himself a free speech absolutist or something like that. i want a free economy. i'll sit for a couple of hours all day and tomorrow and share historical examples of why a free economy outperforms the state economy.

that fact waxing and waning as a lot of factors after world warar ii there's a lot of factors after the korean war. i would say principally 91% tax rate. very high taxes. some critics of this view saying high taxes we have loopholes. you have some loopholes someve very famous loopholes. from hollywood studios and stuff like that. but most people, particularly the entrepreneurs had to pay very high income taxes for the more they earned the more punitive the tax rate was. capitol gains taxes were very hybrid corporate taxes.

the economy was smothered. the incentive was so prominent during the harding/coolidge tax cuts for example port or the liberating u.s. grant tax cuts. those incentives were not around. it was a very tightly controlled economy. very government run economy. it was a highly regulated economy. the federal reserve properly i think, properly kept the dollar stable so inflation. under the dollar gold exchange system. the federal reserve principally did a pretty good job on that. anytime the fed try to tighten the economy had no other outlets. again it was so tightly controlled by high taxes and

regulations. those are really important issues. i could, who has many wonderful qualities, general eisenhower, president eisenhower economics was not one of them. it just wasn't one of. them. there is a long story there to produce top advisor burns advised nixon. push the ball down the reagan years burns was ambassador to germany under ragged and a very good ambassador in his later years. he and i became very, very friendly part he became something of a mentor off mine. agreed i had up point about lower tax rates. he opposed that throughout all of those years. eisenhower, nixon he saw them work during the reagan years. anyway there are three recessions under ike.

this is what gave kennedy a step up in the election for he ran as a growth guy. and it nixon did not really deal with much on economic policy, domestic policy. i remember it nixon's son-in-law by the way is a very dear personal friend of mine. his daughter and son-in-law are very dear friends of ours. i met nixon in the middle 80s. i was out of office, back on wall street. he had his old office on it one federal plaza or whatever was downtown new york in those days. and his son-in-law ed cox would bring in various policy people before president nixon would go on foreign trips. i had at least one visit, maybe two. by the way it was very charming. [laughter] i had written numerous op-ed

pieces in the wall street journal criticizing nixon's economics as a president but he. did everything wrong, everythino wrong. took the dollar off the gold standard we have booming inflation. the first time i met him he comes in and looks at me is that you don't think much of my you mr. "kudlow". [laughter] and i said no, sir with respect i don't. [laughter] it was a very cool moment. i said this is the mid 80s. i had served reagan's first term. but nixon acknowledged in his books and later the reagan tax cuts at work. he was intellectually honest. what insanity it once more as a collection of your columns came out in 2018. i want to do a quote from them. this is on election day 2016, november 8, 2016 column.

enforcing trade deals is spot on. acting in the interest of american workers is correct. but large-scale tariffs are a terrible idea. >> yes, yes. and believe it or not that is still my mantra. so this is a good story. president trump is much more attuned to tariffs than i was or that i am. and before i went into office, i went in and became the nec director in march 2018. he had just put through steel and aluminumel tariffs. can i did not agree. in fact art law firm and ii think steve may have bet on that. he wrote an op-ed piece criticizing this deal.

and president trump all about it. he read it when he was calling meet secretly to come in as the nec director, the subject came up once or twice. but we agreed to disagree. it is interesting, i am not a fan of tariffs. tariffs are international taxes. they are tax. rates. a tax work and production just as much as domestic tax rates. i regard myself as a free trader. but, i'm going to make two qualifications on this. one is, you do have to think about the issue of reciprocity. what is the eye other side doing to you on trade? this was an important point that trumpet made it. he and i -- this is interesting.

the only two op-ed pieces i i wrote when i was in his administration, just do they both proceeded g-7 meetings. and in those i quoted a conversation that he and i had had where he believed that he was a free trader. and under ideal circumstances, that is to say no tariffs, no nontariff barriers and no subsidies. and that is the world that trumpet you're in for. those were his goals. and their classic free-trade gold. no tariffs, zero tariffs, zero nontariff barriers zero subsidies for favored industries. and i wrote that and quoted that

once op-ed was the washington post before g-7 for the second one was in the wall street journal before g-7. and i remember at the g-7 we had in canada which of >>, we were at a bilateral with justin trudeau and president trump. and you know your senior advisors line up on both sides. they are talking about trade because trump was threatened to impose car tariffs on canada which would have devastated canada. and trumpet said, you know, justin, you know if we had no tariffs and no nontariff barriers and no subsidies we would all be in great shape is the traders. and trump looks at me i'm

sitting one, two, three down from him is that you have said that your whole career, 30 years have you? and of course you knew that because we talked about. but he expressed publicly that view and he did later.e- he had a lot of free-trade blood in him. people do not understand that. bob was his trade representative, a dear friend of mine and a brilliant guy. bob was just on my tv show we were in atlanta for conference and we talked about this. people forget we had usmc a which was not perfect free-trade but it was a good free-trade deal. we had free trade skills with japan, brazil, south korea, all free-trade both sides in the spirit of reciprocity gave up

some protections. now the biggest one was china and the most controversial one was china. and trump had big tariffs on china. we still have three and 65 billion some odd. so far biden has not taken them off i hope he doesn't. i argued and president trump argued we needed those tariffs to bring china to the table, to get their attention. i will give you another view which i completely agree i agreed then and i agree now, one of trump's greatest achievements as president was he rang the bell on the china threat. he made it very clear to people in this country and around the

world that china is an adversary, they are not our friend. their economic adversary, they are foreign policy adversary. and so his rhetoric was tough. his tariffs were tough. but we didn't bring them to the table. no one had been able to do that. no one before. we got a bunch of concessions from them. i was on that china trade team it was hard going in beijing, washington, beijing, washington, this is the so-called phase i deal. phase one free-trade deal was rooted in tariffs, yes it was. there are certain inconsistent there i understand the point i am saying the one was necessary to get to the other. and i think the deal is holding up pretty good. it ain't perfect.

lots and lots and lots of progress on intellectual property theft they set up institutional mechanisms to reduce it. they bought a lot of our commodities not perhaps as much as we want, but a lot. we ought to be selling them much more exports. as far as transfer technology, still work in progress. but i think on the whole, phase one was a great success with trump would have been reelected we would have moved on to phase two. so far nothing has happened. a bit long-winded, i'm a free trader. his trumpet free trader? he would not say it the way i say it. and again in a perfect world he would agree with me no tariffs in a perfect world he like that he thought was a great idea. >> good afternoon and welcome to book tv in-depth program. our guest this month is larry

kudlow. he is the author of american abundance which came out in 1997. jfk and the reagan revolution came in 2016 and then a collection of his collinson creators syndicate came out in 2018. that is called insanity once more. for regular viewers of book tv discernment the calling program his or her body of work and your calls, your text messages, your tweets et, cetera. your site get a hole of us if a question or comment for mr. "kudlow" 2020 code 748-8200 for those of you in the east and central time zones. (202)748-8201. for this amount of pacific time zones now if you want to send a text message for text messages only, (202)748-8903 is the number for you please include your first name and your city if you would. you will also scroll through our

social media addresses. just remember tv is the handle there. we will begin taking this in just a few minutes. mr. "kudlow", what was the reaction from a lot of your longtime republican friends when you join the trump administration? box it was pretty good actually. very positive. people encouraged me too do it. for a variety of reasons. i was not looking for, again i was pretty busy with tv on a different network, radio show, lots of speeches and so forth consulting. i had worked with candidate trump in the campaign we work on the that plan particular quite a lot. occasionally i was a spokesperson form of economics during that. campaign. he invoked my name several times

attached to my astonishment. of course i knew in new york city for many, many years renew them, like them, he been a guest on my tv show and my radio show. i do this family a bit, i knew him always like them thought it was a major force. i was not looking for a job. i do have a second i would say how it started.il it is funny. march 2018 is how this got started. we were up here in connecticut for a weekend and i was coming back from indoor tennis the phone rings in my car and it's the president mean i've spoken to him and seen him in 2017 andm we had kept in touch. i'd been oval with them a bunch of times. anyway, he calls me i pulled

over a pretty good reception. i pulled over so we keep the conversation going. these are starstruck but one thing or another. i mention the national economic council nothing terribly specific. i thought he was going to yellat at me because laugher and i had written an op-ed piece against the steel tariffs. but i don't think it came up in the conversation. maybe he did once. he just wanted to talk about things. so the sunday after call me back tomorrow night he said. i said okay sir. [laughter] quickly phone rings and the white house as a police over the president? >> guess. so anyway monday night i am home in new york and he did call. [laughter]

that was when we had a more earnest direct conversation about the national economic council. he was about to make change and we about a bunch of policies. it was a very good conversation, i enjoyed it we think about this? would he think about that, what should i do here, what you do there? as you know i'm not bashfulul about my views and he knows that too. he said no one knows we are having this conversation that is what he said no one knows were having this conversation. okay, sentiment or call you tomorrow night i'll call you tomorrow night we'll talk some more. i said yes, sir. so the next night we are having dinner out we have a dinner group with some dear friends in new york cityy in midtown when i have the cell phone in my back pocket just in case.

[laughter] the phone rang and it was him. and of course i had to walk out on fifth avenue is cold and drizzly out but i wasn't going to take the call in the middle of this restaurant. he got much more specific on that call. in fact it's sort of amusing because my wife came out to get me. we had to go home h i had to doa radio show i think in those days is doing every tuesday night an hour. so we are talking going at madison avenue and he's talking and talking. and finally i just said sir, are you offering me a position. [laughter] oh yes, oh yes you are my guy you're the only geiger no one knows were having this conversation you are my guy congratulations. he said you take the job i said yes i will serve thank you i am honored. and i was honored. i love government service. and i loved him.

and so that was that. so i went and did the radio show. a very dear friend of mine a fabulous radioman, mark simone was part of that dinner group he tells the story later "kudlow" takes a call from the president and dinner, and gets up, walks of the restaurant we didn't see him for four years. [laughter] festers sort of how that happened. and then it gets better. and that call tuesday night some people said he offered me the job the night before but i didn't get it. i don't know. in any case he said you will come down your thursday or friday we will have a press conference. nobody knows is for the next morning and so wednesday morning and sitting at home preparing for my tv show and stuff, and i'm not watching tv. and he calls me and he says you

look so handsome sir question i turn on the tv. and of course the news had broke and everybody was running this thing. he leaked it. [laughter] i wasn't supposed to go out. those are enduring qualities of the reasons i really like the guy. he is just natural, it flows, maybe he could say some things differently but he is he is and i remain very loyal to him. when did you know him as donald questioner quickly did a quick once they got elected did you ever come by his first name? >> no, never. in fact when his president-elect and president and then while i serve there he was either mr. president or sir p always. we went back to insanity once more. by the way if it looks

different, set is because we are at lyric "kudlow"'s library in the wilds of connecticut. appreciate very much allowing us to comeds here. factor insanity once more but this is october 20, 2016. i want to thank melania of trump for starting me on the path of restored confidence in donald trump. works well president trump then candidate trump said a couple things that did not thrill me worried i never left him and just didn't things came up ine that campaign. you look back on it's not very important but at the moment during the campaign they became big deals and i had a talk about on the air. i recall malanga it was a wonderful, wonderful woman. we got to be good friends.we

she went on tv and defended president trump. just made it very clear that she was 1000% behind him. these things were passing and it was no big deal. so i wrote about that. it is funny that column, he told me later that he was personally not thrilled about that column. but that melania love to me. i didn't think you had to write it but she really loves you. who is really a column about her. i don't know i'm not one oft her intimates. but i had great respect for her.

and i watched her on a couple cable tv shows was very impressive and very clear to me that her support was unwavering. and so i said, this column was written some extent tongue-in-cheek. but yes, i did. she liked it more than he did. [laughter] next let's hear from our reviewers. let's begin with monty in the spring, texas. montreat you were on with lyric "kudlow". go ahead and make your comment or question. excellent yes. i have a question for mr. "kudlow" about the comments that president trump made in 2019 where president trump said we are taking billions of dollars from china and the former terrorists. >> we've never taken in terrorists. >> i didn't hear it break works in our checking billions and billions of dollars of those

both false statements we been taking billions they form a terrorists in china develop a these charts are paid by the american companies and consumers who are forced. good monty i think we got the idea. he referenced may 3, 2019. it's about tariffs on china on taking and billions of dollars, as are something you can extrapolate from that? as a her that whenn i agree. >> guest: i'm not sure. in economic terms, the tariffs impose a significant burden on china. they experienced it, they sought. prices went a a up. the demand for chinese currency went down for their inflation rate went up.

it is true those tariffs would be paid imports and not tariff world would be paid by u.s. companies. the key point there it was de minimis impact. our economy was booming during that period the corporate tax cuts were so important and gave us such a big advantage. and the d regulation. lybut particulate in that worldf trade and tariffs again as we b discussed earlier, tariffs are tax rates. we did increase tariff rates on certain chinese imports absolutely acknowledge it related imports but i call family jewels which we have to protect. we have/the marginal corporate tax rate from 35% to 21% the federal rate. which more than offset. more than offset any tariff rate

impact. so again as i was mentioning earlier even though i do not like tariffs in an ideal world, perhaps president trump does not either in an ideal world he rang the bell he rang the warning bell and we brought them to the table. it was not until late 2019 early 2020 we finally consummated what became known as the phase one china trade deal. so i think on balance even though i am a free trader i think those tariffs were necessary. any time there's a lot of talk about biden administration about raising the corporate tax rate, it would put us at tremendous disadvantage. and would damage the position we had on china.

i would urge them with all of my heart to keep this tax rates low. we want to be as competitive as we can. many flowed back to the u.s. as an aside terms oftu the corporate tax rates the reduction in corporate tax rates paid for themselves. getting irs data on this i talked quite a bitir about it i show. our marginal tax rates created higher tax revenues, tax corrections into the rates are down there income was up. and tax avoidance is much less there's no point in looking for

tax shelters if you have a look tax rate it's not worth the effort. so we were able to withstand any negative impacts of the chinese tariffs were well offset by the lower corporate tax rates that's what i of a. >> letter from george. george is in hudson florida. how are you today? please part of your question or comment. >> caller: mr. "kudlow" i watched your show religiously on fox business channel because i don't have a 9-year-old around to set the dvr for me. you are great and my favorite right. [laughter] very good. >> have to do it myself i don't how to operate those things. where are we going to be next

year i'll have joe biden with his cognitive values is craziness something wrong with him and i cannot see anything happening with kamala harris or anybody in the government now can take care of our economy. where are we going to be next year if things keep going this way? >> host: thank you george for calling in. larry kudlow. the two i see what i see believa that the doctors. this is my own personal view they said it many, many times of the show the cavalry is coming the midterm elections are going to be a gop sweep in both houses. and i think that will stop some

of the economic and social excesses of the biden administration. i'll give you my own personal views here the biggest problem on the next couple of years getting high inflation down. the high inflation was a big mistake by the biden administration. too much spending, too much of borrowing and the federal reserve as i said earlier missed the inflationon boat. too much money printing. and so we are paying for that now. the good years is it's not a 12 year think the way it was back in the 70s break the bad news is getting eight -- 10% inflation back to 2% inflation will not be pain-free. now hopefully a republican congress will move to reduce

spending and reduce borrowing. hopefully a republican congress will open these >> towards oil and gas production and pipelines all of which have been closed by biden. and hopefully a republican congress will keep a sharp eye out on the federal reserve to make sure they slow down the money supply and move their interest rates up accordingly and protect the value of the dollar. i think you're going to see policy changes. but i do not thinkan is going to be easy. it's not going to be easy. i don't think it's going too be pain-free for those who do or don't watch a show this up because she been saying recently been run to play quick montage won't go to see it but you will build to hear it. >> so save america, killed the bill. >> wasn't save america killed the bill that is still my motto. save the bill.

no, save america. save america and kill the bill the wisdom is simple, save america killed the bill. dave america, killed the bill. save america killed the bill. save america killed the bill and tonight i'm launching a slightly new mantra kill any new bills that may come next year. [laughter] [laughter] that is great. vote there it was. the good news is we killed the bill. at least so far. [laughter] it keepsps coming back and becae a rallying cry. i fill that bill would have been another five -- $6 trillion of additional federal spending with a massive inflationary consequences. massive inflationary consequences. and also hidden in that bill

were very huge tax hikesx which would have done great damage to the economy and done great damage to incentives. you know, there was a save america coalition that developed amongio conservative groups. i was a supporter of democrat joe manchin constantly supporting manchin. i thought he was a very brave democrat. he is somebody who would save the democratic party fro' itself. if they ever gave him a chance. i frankly would wish she would run in primaries for the presidential run in 2024. joe is a friend of mine. he's been on the show, was spoken on the phone. i do not talk politics with him i speak policy with them. i think you're since sinema has done a great job fighting off the tax increases.

and so far we have killed the bill. i don't want any bills i do not want any more bills and by the way i want to add one thing here, there isno another bill ot there some cap times called the china compete bill which hasto nothing to do with competing with china. would be as much as a $300 million of additional federal spending. industrial policies, corporate welfare, bailing out a chip industry that is not need, bailouts. and i have got to tell you a dozen republicans voted for in the senate and they shouldn't have. i'm just going to say that very. >> richard in brentwood, maryland good afternoon richard. >> good afternoon peter the great, great as usual you're still the top three interviewers in the country appreciate your efforts. mr. "kudlow", you just mentioned to the previouson caller about o comments about mr. biden cognitive abilities.

and steven moore you actually idiot.our president and so enough of that. but my question is this,. >> i don't believe i've ever call them very. >> yes you did say it but please sit mary taylor green. you referred to the reagan's tax cuts, tax policy is three decades of prosperity. in fact his policies cost to george bush the first a second term. clinton ran on the fate of our country's economy. thirty years would have taken us to the second bush which was an economic debacle as well. still want a lot of the table there. got a lot on the table there.

mr. "kudlow" first of all the idiot remark in them will go into the economics. >> guest: you know i don't think i said that. perhaps they did in passing, i don't believe. i have been critical of biden idiot, i doubt it. putting that aside >> and bill clinton, who continue to raise the income tax, and when reagan came and it was 70 percent when regular of date 8 percent. i'm most raised it up to 31 with other tax hikes and a believe bill clinton c to perhaps 40. similar 70 and then, george w

bush brought it back down to 35, so you know basically, the tax cut state intact, there were not as low as 28, but the basically state intact and the incentive effects state intact pillow, together with bush and so many of us helped vice president bush try to talk about raising taxes when he was president, and when we said don't do adult to do it he did it and he lost the election pretty soon richard from maryland, few of the fuller explanation, a fuller for longer answer of that, esther kudlow writes about that pretty extensively in "jfk and the treagan revolution." and it's funny larry kudlow, unite were talking about this is that you have this happy warrior person on the air and so i was a little surprised if you told mr. biden.

>> it is not just on my way, i'm very critical of biden funny, i was like the beginning to give them a honeymoon open chancellor to look at the leftward lurch the policies but, for me to get personal like that is very unusual. >> and book tv in-depth program continues from larry kudlow's library in connecticut, we want to hear from you as well reported to give you. the numbes and how you can artist for (202)748-8200 for those of you in the intro central time zone at (202)748-8201 if you live with the a resident text missing mr. kudlow, 2007 flight 8903, again that is for the text messages only please included your first name, in your city if you would add esther kudlow, where did you go up. >> i grew up in englewood, new

jersey. roots kudlow, is a businessman and actually became very good real estate agent. anyone younger brother who has lived in hollywood, los angeles, for many many decades. i love him to death and he is my favorite hollywood liberal and he is swing are in is done very well for himself and as a single he is my favorite hollywood person, younger brother. >> i want to read it quote from american abundance and you can take it where you want and this was an introduction. in late november of 1995, had no prospects, no confidence, no initiative, and no sense that i

could do the job, what was going on. >> while i had had it my crash and burn, hopeless addictions to alcohol and drugs. and it was the worst time in my life and it had been building up for several years and i went away to treatment center in minnesota, for five months. to get well in my saint wife judy a few minutes of me up there long-term care in novembet out and basically what i wrote was that i was no real sure what was going to happen, most important thing was to stay sober which i've managed to stay sober therefore 27 years coming up on 27 years which is through

god's grace and the greatest blessing of my life. those were tricky times, seems like a long time ago. things have in almost every way worked out better than i ever dreamed possible or ever dared dream possible. judy and i will have i think 35 years married this summer, 27 years sobriety and god has been very good to me. the point, and i was being honest in the book, who knew, i didn't know. i had no idea.

>> what you remember about the last few months of the first few months 1995 at the when you're using blessedly, very little to be honest with you. look, i still go to 12 step meetings and i'm still very active in the 12 steps. very active in my church think about that stuff and from time to time, every now and then the way that works the 12 steps, you may be on anniversary maybe not for you asked to tell you story in front of the group called qualifications, item on for you for the viewers but you gonna go back in time a little bit and you think about that and you never really want to lose that because they were terrible terrible days, terrible days and i will spare the qualification here on c-span but i will just

say that it was the worst moments in my life without any question. i don't think, i returned to faith that a return to more spiritual way of looking at the world and i will also say peter, things that i had learned, from 12 step group have served me very well in my career these last few decades served me very well i've been honest about this and i would've never held that if it came up from time to time in a dozen interviews on it and trump white house on my 25th anniversary bologna, was hosting

a conference on alcohol and drugs and so happened they found out and i don't know how baby when my ladies but that it was my 25th anniversary coming up and she asked me to speak which i did and at least in a general way but you know you know if you think about it, from that point in 1995, to be a very senior presidential advisor that is a long stone's throw but one could not happen without the other and i'm very grateful as i say, god has been very good to me and i try to follow his path and am

not perfect, but i try to follows path. >> let's go to the calls jim from new york, you're on the author larry kudlow. >> mr. kudlow, i am wondering what your opinion is, the u.s. debt of three chocolate and controlling the unfunded liabilities that we have a social security and medicare coming up in getting closer, and also the 9 trillion-dollar balance sheet the fed has could've effect when interest rates begin to return to anything close to normal and seems to be that there's a growing concern i thank you so the cato institute the publish the booklet various editorials called fiscal cliff and releasey

concerning i'm just wondering what your opinion it is, i don't think my answer off fear. >> thank you. >> is a very good question center mean, they're different and the one is the interment retirement question social security had medicare. in the second one is a balance sheet called the monetary base which is just briefly for the viewers, essentially printing money and thehe government spens money borrowed to the finances spending but all too frequently the central bank federal reserve purchases the bonds that uncle sam sells when the fed buys the bonds of the create money that's what central banks do.

if you go and i started my entire professional career at the new york so i learned it back in 1973 for the problem is an issue look, i don't believe believe the rollover be a default of social security obligations or for that matter, medicare obligations and at the end of the day, it is the government it can sellrn the bos to raise the money and yes we pay taxes. for social security and medicare but really there's a certain fiction about that trillion medicare stuff in it lee is not funded anymore by payroll taxes mostly funded general obligations and they are financed so as some future point

somebody in power in congress of the white housese going have to look at that in the very valuable systems they need to be preserved in my judgment they could be reformed there are number of decent proposals out there to the reform social security reform medicare we spent more than we take in that's aro generic problem throughout the entire government including entitlements and it's going to have to be look at the other point that the h bureau me interest rates will return to something more normal and willng be zero anymore and already organs rates are up to 5 percent and in your bond rates are moving to 3 percent in my view at least for both will go higher because of the inflation federal reserve's attempts to stop the inflation is so talented diverted in the financing of

federal debt in general's going to be a lot more expensive and i just want had one other point, these are all reasons why i don't want any more federal spending on domestic discretionary programs, that is why said they their american killed the bill we don't need another $5 trillion worth of domestic spending and we can't afford it and it's going to be extremely costly to finance and ultimately it is inflationary and you know i want to say although i'm not while i have been an opponent of the biden administration policy by the way malone comes up in press like larry summers and jason furman, democratic congress has also but, the point is, we have to cocome up with no new spinning t all, and that is why i've been so emphatic about this and

separate from my concerns about raising marginals. tax rates in the negative incentives and ereconomic growth we just can't keep doing this, it's a matter of common sense to me put it to you that way, i know i am a republican and i know that american guy that took item conservative and i get that and i'm not masquerading it or anything else just want to say that i think that what you are seeing in the polls in the run-up to midterms, a matter of common sense people do not want to go out this far to the left on everything whetherdi the government spending or any fossil fuels, or taking parents out of the classroom or the open border. the foreign policy in afghanistan, there's not a

campaign commercial, i just say what you were have here is an administration that may be departed from traditional democrats in this why love joe manchin so much printed by the way, i speak as a former democrat years ago, acknowledge that it was about 45 or 50 years ago at work ronald ragan got and i with democrat and often said, that the bestt republicans democrats, not as a h republican but he say that damaging energy but but but, this extremism in the biden administration is being rejected and just lacks common sense, that's all you're sitting there and you see in inflationary rate that is jumped and this is before the invasion of ukraine and inflationary rates less than 2 percent, before ukraine okay and then here they come back with a new proposal which a congressional

budget office has $5 trillion in spending another $3 trillion of debt predictil anything yourself what's coming you cannot do this joe manchin was the stand up guy along with persons of the month and i know other moderate democrats are beginning up to line up and stuff going on beyod the border is n not sustainable and you see how much of democrats and i know they're from swing states but i don't need t' question their mos you can't just have a couple min people across the border every year, we just can't do that it is not sustainable just like we are not avoided national gas and fossil fuels in the next eight - ten years because there is nothing to replace it had people know that. entitlement, we have a thought

of work took do, a buffet for to do. i think that you will see a big change but i think that the congressional changes coming but i think that the biggest change in the supported casee will be 2024, because in order to effect major reforms, and any of these are is whether taxes are spending your inflation over thh border, or education or civil rights what have you, you need house.te i believe you going to see different pockets in the white house. >> july 2019 talking to business insiders, this is a quote, i don't see this is a huge problem right now it all, is manageable, talking about the 22 and $25 trillion debt at that point. >> yes, i mean, as a share of the gdp,.

>> july 8th of 2019. >> so still and 100 percent of the gdp and it did not see it as a big problem actually it is funny, i'm a long history of not being a debt longer and some of my traditional conservative friends don't doubt. i much more interested here's my theme of economic growth comes fromom okay. are you growing the economy, that is my first question and now let's go back, this was true in the ragan tax cut debate let's go back to the trump tax cut. his tax cuts were priced on the congressional budget office and the joint tax committee and on a static basis, meaning no economic growth intact at

$1.5 trillion and of course, given democrats say oh my god, that will raise the deficit and course they have never cared about them before but they did care about because there is the tax cut and i might add, now they promote growth and brought unplug to record low levels had that minority employment records low and poverty to the record low levels and they also paid for themselves, now they did in your one and they didn't in your two and yes there was a debt increase to finance the tax is but here we are even having it all these numbers are coming in from the irs and treasury show record revenue, they show that the corporate tax cuts paid for

themselves that this is been subject of a couple of programs on my foxbusiness show, it occurred and it worked in are not going to get sure, so the first year tour under two, you may have to borrow money to finance lower tax rates but what i would say is whether the individual rights or corporate rates, you are making an investment about in the future growth and prosperity and jobs and including the minorities and you're making an investment in the middle class working folks the blue-collar folks and so it is worth it to incur a temporary deficit which will increase the debt, his were the biggest down the road, everybody will benefit come the city shall for example,

studies of the left of center, the brookings, they're not crazy leftist with a leftist center, 80 percent of the people. and kevin his work and i supported him under stephen nation supported him of this, 60 or 70 percent of the benefits of the corporate tax cut went to working folks on the middle income typical families and that was worth it to me that statement in 2019, i stick to it and it didn't bother me, what bothers me is that if you are going to spendu a lot of money, that will not enhance growth, that bothers me okay. i will go back to my experience as a young red in the ragan budget office, reagan wasn't particularly worried about deficits and debt and he would say so a little bit but he had

two priorities one was to cut/the tax rate to rejuvenate the economy and the second was to put money into defense to defeat the soviet communists okay and he did both. deficits temporarily went up and so did the debt but he achieved his end of the economy grew as i said before, just nearly three decades worth of prosperity this a very small interruptions and we defeated soviet communists and the growth, and strength, strong at home and strong product we develop, always week abroad those of the victims. i learned that from ragan and never that in 40 plus years. i will send you as a senior trip

advisor, he believed the same thing. we can us at home breeds weakness abroad and strengthen him, breeds strength abroad when the trumph do, he/corporate and small business tax rates any greeley economy, reinvigorated the economy unemployment fell, a lot of money into the defense budget. when to do that at that point estimate russia as it was china and so john f. kennedy talked about strength at home and strength abroad and kennedy was a stern anti- communist and people forget this, it was a long time ago but kennedy if he were alive today he would a bit of ragan and trump color but i am to sing the kennedy wanted growth home, i percent growth which he got from his tax cuts that if the soviet union it to send out. tooth and nail and these are

historical principles at work whether you are a democrat or republican when my arguments today, as a former democrat, the last and forth was half republican meant the point and i will make is there was a time when the two parties were a lot closer together than the ark today. this far left stuff is being rejected by common sense people love the country and i have so much faith in america i'm a hopeless optimist about this country as long as we protect its freedoms, this little far left woke aberration, will not last and that is my take to make next call for layering hello comes from martin in dayton ohio, by martin.

>> hello i think you for having me on, i'm really grateful add been listening to larry kudlow for a long time and the nbc days and you know, i generally would always listen and want to touch some immigration inflation and taxes and immigration, first of all, there is a rate podcast called macro - with david that with his m was a little homework till is that because i can help us for small immigration is chaotic right now we don't have birthright we don't replace our people in the birthright is way too low to need immigration to make this a bigger stronger place to get listening people want have maybe 200 million people in america but we be fine with three and 50 and 360 people in america, that would make us better serve your talking about growth, that's where you get it and those people you them on a pathway to citizenship in regard to paying into the system of

this i solve the problem for some reason people in the right, it was talk about people in the left that areft extreme there a, but there's a lot of extreme wackos on the right is welcoming of these working first and know nothing people, and that is going nowhere okay secondly, inflation, trump printed money to. >> a butt martin, there's a lot there to play with, we appreciate your calling in. >> very well done, one of the three oh good, that's even better, so i want to make a point about inflation, because i only sparta but the color just said, i agree with, i think that immigration is a good thing, not a bad thing. north america has a great long tradition and here's what i don't like him i don't like illegal immigration right, i don't like open borders and i think that is kind of where we

are and my own views have changed or evolved in the last ten years of this question because of the strong flow immigration reform record", but the border crisis, the catastrophe at the border, is something we cannot be allowed to continue, it is not sustainable and all of this many forms. and president trump on this basically did two things, and what is he got control of the work through the remaining mexico policy through building about policy, enter basically policy remaining mexico was essentially catching to poor because the illegal immigration - illegal immigration by the way includes drug trafficking which is again a crisis point and

trafficking and kids and narco terrorists run these borders we cannot allow that. i guess my views have been tougher on the order because i'm looking at what's happening the border in recent years and i think the biden has just made a terrible mistake over this open border title 42-point get that, replace it with something else because of emergency and so now and then apart at president trump's policies however were what iat will call legal immigration reform. ... plan, which we could never get through congress. it will require more elbow grease and it will require probably a new white house and a new congress. there are a number of ways that we can legally, productively, consistent with economic growth, allow would million plus perhaps

legal immigran a million plus perhaps legal immigrants per year for i do not have any problem with that. our economy can do it. of course america was founded on immigrants. there were gigantic contributors were fabulous economic growth of centuries.veralt but, today's situation cannot lessen my judgment. >> host: what has ed martin's comment about right wing wackos as he calls them, the america firsters. >> guest: i am not sure, i know mark is a very smart guy. i'm not sure what a right wing wacko is, i do not know. >> with you from tom in phoenix. "kudlow" you seem to be a person respectful to everybody. if comments were made, my

assessment is there accurate and true. so how bad can they be? save america kill the bill. your education is a service to this country. things from the disaster now. miss a lot of people on the right writing books and talking. their services greatly appreciated. we need to see on tv not cnn, but the program we are on. i used to write to the white house office of correspondence i don't know if the president ever get through the may be you can tell me phrase to refer to him as the president teacher. and the way he spoke people understood it. they got it was not any fancy dancy staff. and i see you do lots on the

economic side and i appreciate that, thank you. x thank you tom. >> guest: i appreciate it. i have a long history c-span, i proud of it. actually in my book america abundance have hats off to brian lamb who i think is just a giant iconic figure. i am honored to be on this show today. i love to service was c-span. two but i'll if you can this but tom asked about the president and accuracy and hearing from the public.th you have been the oval office twice now. how long does it become about beau? what's with president trump i would say they kept in touch with more people more

frequently. his counseling on the phone which is the thing. which made it very interesting. >> let's say the economy. with that meeting in the oval with the boss. my mission is there, i am there, lighthizer is there an others are there. anyway, could be taxes could be trade. housing, that could be fossil fuel. no end to it, okay? you start off by raising we are here plus a lot of these meetings. he listened and the next thing the outer oval office. can you get me so-and-so? give me so-and-so on the phone.

i want to talk to them. i want to talk to her. it would be his mind would be associate somebody he knew from outside thew government. it would put that person on the phone, but the speakerphone on and join our meeting, okay? this would happen on regularity. i know but we are not informal meetings with consulate on the phone with people not everyone was a republican but he's not giving away trade secrets. i will just call them open ended

discussions. not decision discussions. which will be governed by various executive ordinances. open endeded discussions he lovd to bring in people. ceos, sometimes broadcasters, friends. one of thee great things and tt tradition was the so-called experts, including us i guess were not always right. ywe do not all have all of the wisdom, do know what i mean? this beltway thing credentials and length of service nonsense. in trumpet with great bringing in newri blood. in trumpet was great at getting and staying in touch with people who were not in the government.

some people in the ministration were frustrated by that i think without a great idea for. >> i thought it's a great thing on my own. sue took my level i like to hear secure from so-and-so and so-and-so. i've been around the block a long time. i loved it when he did that, loved it. nec national economic council would have cabinet lunches every two weeks that all the cabinet agencies involved in economic policy. we would invite my predecessor. mood invite people outside the government to speak to us during lunch will go down to the boardroom in the white house mess and it was a refreshing way they could say anything they want, we need to hear it. trump is the same way. it was fabulous. experts to be the death of a

seer. too many experts just saying. we went every author that appears west of favorite books and what they're currently reading. here is a lariat "kudlow"'s list including john sanford, thebu investigator, brett baird to rescue the republic, branko lead the president and the freedom fighter. steve forbes on inflation. brian the emergence of arthur. charles morris the tycoons and ryan walters the jazz age of president. acquisition of say two things. not a semi favorite books of all times but it's what either haven't read or am reading now. john sanford, i love to read. this by the way these are

fiction john sanford's book the investigator. he has written a million books with the mystery cops, cia, spies. sanford writes his favorite cop is lucas davenport. don't of the years i've read so many sanford books that i really believe i know lucas davenport very, very well. this is a book about lettie davenport i'm about halfway through it. so i will let you know how that works. the other one is, i want to say jamie lee burke who is written about my other favorite cop a guy named david. in southern louisiana project i have a copy. i've never met james lee burke i've never met sanford pray love

to meet both of them. as a recovering alcoholic and actually goes into some of his about go into aa meetings that is how good they are. i think it is great fun. the other stuff, i enjoy steve forbes was a very good friend longtime collaborator. his book on inflation is terrific. brett wrote a very good book about u.s. grants. i had brett on my tv and my radio shows. excellent book about grants. one of my favorite presidents but brett wrote a -- bryant wrote a terrific book about abraham lincoln and frederick douglass, okay?

two opponents of slavery different styles and different positions. very, very important book he did a great job. brian is so is brett baird. i'm very keen on the books are brought here with you. i wasn't sure whathe the assignment was going to be. the two books i'm really keen on, one is the book about the gilded age which is a charlie morris book, or ever i put that. that is the jazz age. the tycoons. that links to the jazz age for the jazz age of book is about warren harding. but i want to group them altogether and am am going to give an opinion here. left-wing historians have destroyed the president. by the way they tried to destroy

a grant although i think util mcgriff started to move up the the again brickwork on c-span list of presidential ride confused by moving up steadily. >> deservedlyes so. not only did they win the civil war the battlefield but as i, said to you yesterday grant was the guy who tried to enforce reconstruction. rent was a guy that took on the ku klux klan. by the way grant and the civil war income tax civil war inflation. liberal historians don't like grant. they do not like warren gco harding for they do not like calvin coolidge. that used to not like ronaldbu reagan but materials come out ragged and his own hand. they realize ragged was positive in electoral period let's go to the gilded age.

gilded age i'm going to define it 70 can be some running room on that. i'm going to include u.s. grant into this grant was president 6d industrial revolution the gilded age of phenomenal. of inventions railroads across the country. airplanes, oil, the applications of oil. i brought a list because gosh i was hoping we could go into the stuff. telegraph rail lines telephones the red cross i mean come on they are bad mouthing everything about the gilded- age.

made them all out. they completely miss the big picture this is a. unheralded prosperity for the united states. america became the greatest country in the world economic from the so-called gilded age. i was not industrial revolution might saintly wife is a painter, artist painting of the hudson river and painters coming through. tremendous stuff. steven crane, elizabeth warden, the chicago exposition in 1893. i hope i get this right. i don't shovel correctly's the 1890 or 1896. the wright brothers 190 through through the gilded age. but charles morrison does it

chronicles a few these guys rockefeller, carnegie and j.p. morgan. american greatness and prosperity with the tens of millions of people getting higher paying jobs. you just cannot ask for more. it was a tremendous period of the literature and a tremendous period of art. that is why i wanted to bring that out. there's lots of good books about the sea tycoons is a good placee to start. a lot of good books about this. university of texas has written about this a number of good historians have written about this. they'd just missed the point i do not knowe why. we cannot boast anything like this. and again people like to kill

harding there is corruption but as ron walters showsws nothing o harding the people who are corrupt got busted their put in jail. howdo is it harding had nothingo do with that? if the center from ohio and a newspaper editor. return to normalcy harding again i said this earlier in the show working with calvin coolidge with another guy liberals hate coolidge coolidge and by the way it may be the first law and order guy stopped the policetr strike in massachusetts. people forgot about that is tough on crime that's a big issue today. and andrew mellon was the quarterback. date/tax rates. ending/spending. and they even slashed federalab debt even though i do not care about that as much as some peopleop do. we had unbelievable prosperity

of the 1920s. again another industrial age. literature, art, everything exploded. and unfortunately herbert hoover came in. even though he was a republican and he served, coolidge called him wonder boy. it was a very good minute businessman he was a mining engineer. he had great humanitarian things in world war i. a secretary of commerce coolidge had no time for him he was a big government guy. from 25 to 65%. he signed the tariff i know there's restrictive tabs it was a terrible mistake. m that turns out was a modest downturn into a major

depression. fdr and my view made it all worse because he kept raising taxes and kept regulating and cap controlling prices. i am readingam these books i loe the gilded eggs under age personally if i had it to do over again i would have liked to have been as one of my president he was a pro gold spending cutter would not fathom the income tax from buffalo, new york. he was the mayor of buffalo, governoror of new york think all in about 56 or eight years. the only guy to come back and be president again.

i like donald trump. >> wasn't grover cleveland the father of little baby ruth? [laughter] [laughter] after these guys was the last gold democrat. john is in lakeland, florida you are on with larry kudlow. john are you with this? what's triton jon. [inaudible] >> this is jon. i want to know if you think john kennedy the senator from louisiana that will be a good presidential candidate in 2024? >> thank you sir were going to leave it right there. we are running short on time.

speak to john kennedy is a very smart man the current subversive very, very smart man i will leave it there for. >> is he somebody you know? when you were in the white house how often did you talk with senators or congressmen? tons tons of constantly. a lot of dealings with senator kennedy. he spoke here at the fundraiser as i might tv show recently a very smart guy. greg's frank from kirkland florida. frank you were on the air. x's in washington how are you mr. "kudlow"? peter you have a had a wonderful question to mr. "kudlow" i enjoy watching mr. "kudlow".

have mentioned spending of the trump administration. that's always been for me. people in the state t of washington the republicans drive up the debt. the democrats come in and try to fix that mess. what's mr. "kudlow"'s position on that? and just one more thing. elon musk made a great argument place of the workers. made a position they would start having to t pay workers just a salary because there be no more jobs for it and i'll take my question out there for think about very much. >> is a little hard to hear. did you get anything out of that you can respond to? >> they're not going to replace the workforce for that sin was exaggerated, overstated argument. robots will help grow the

economy and create jobs. just like all of these industrial revolution improvements do. all the gales of creative destruction. i am a great advocate of that. not sure i heard his first question. >> i just could not hear clearl enough to put words in his mouth. i want to do something here and our last five minutes. to go through some headlines and get your quick take on these. these different recent newspapers. here is the "new york times" story on tucker carlson under american nationals. >> i read it quickly tucker is a long-term friend of mine he's a very smart guy present a fabulous job as a broadcaster and it looks like it "new york times" political hit job to me. >> wall street journal u.s. economy shrinks 1.4% over here

amazon loses money. >> hook, high inflation again, high inflation the fed is going to have to take with a punch bowl. stock market is going to be in for a rough time in the next six, nine, 12 months. say this people should buy in owned stocks for the long run. the fact that the market.does go down more which is likely because in the economy is going through stagflation. we may be on the front end of a recession next year. hold them forever. do not try to out trade the market. and again the calvary isho comi. >> washington post biden aid plan for ukraine signals deepening or. >> i would say my view is joe

biden has been a dollar short and a day late on helpingi ukraine. but i will also say it looks like they're catching up to where they need to be. i am very impressed with the defense secretary lloyd austin about this. and i think the united states should do everything it can. everything it can to help the ukrainians when the war in ukraine. not american troops on the ground but we should help ukraine when the war and drive the russians out of their territory. >> host: tim milani immediate reaction to elon musk proves conservatives rights. [laughter] >> i did not read his article. i happen to really like elon musk. i really like what he is doing with respect to twitter and his crusades for free speech. he has a brilliant, brilliant sky.st happy to have them aboard. >> one final story this is from the "washington post".

proud boys member pleads guilty in a generate six cooperation deal. generate six where were you? >> i was in my office on the seventh floor. i make one comment generate six with a rough day for everybody. but i will say this, people accuse my former boss, donald trump, of somehow implement busy's insurrection. they ought to go back and look at some facts it might friend ewart murdoch has written about this. it was president trump who ordered ten -- 20 national guards people to police the capitol and the city of washington. in that order was rejected by the mayor of washington and by the speaker of the house. so for a guy people think it is

odd 20000 national guards people into protect the city and the capitol? >> from insanity once more which is a collection of larry kudlow's columns there is not a racist hateful white supremacist bone and donald trump's body. just adore working, worked as a virtue what else am g i going to do? books i do not believe is a racist bone and donald trump's body. i will repeatat that. i cannot imagine not working. as long as the lord gives me the strength to work in the opportunities i will continue to work. i love it too much. i will just kind of keel over on the set of some tv show. you will cart me away and will be done with this.

[laughter] suis larry kudlow thank you for bring up of. thank you to both you and your wife judy for hosting us here. your saintly wife judy for hosting us here in the library in connecticut. ♪ time to wrap up the season end of summer sale. now through tuesday at cspanshop.org. save 25% on apparel items but here's something for every c-span fan and every purchase helps support our nonprofit operations. they spent end of summer sale on cspanshop.org. scan the code on the right to start shopping now. x weekends on cspan2 are an intellectual feast. every sounding american history tv documents america's stories and on sunday book tv brings the

latest in nonfiction books and authors. funding for cspan2 comes from these television companies and more including media calm. >> world changed in an instant. media calm was ready internet traffic sword and we never slowed down. schools and businesses met virtual we powered a new reality because that media calm we are built to keep you ahead. >> media come along these television companies support cspan2 as a public service. >> so, good evening. and thank you so much for joining us tonight. what a beautifulht night. on behalf of all of us that the locally -based independently owned book score, books and books in miami, florida it is my pleasure to welcome you to an evening with donald cohen and mayor to discuss this wonderful book. it is called the privatization