tv Lou Dobbs Tonight FOX Business September 5, 2020 6:00am-7:00am EDT
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inheritance story you'd like to share with us? we'd love to hear it! send me an e-mail, or go to our website, strangeinheritance.com. about 10% from correction territory. but now we are back ♪ ♪. lou: good evening everybody, president trump this hour expected to hold a news conference in the white house briefing room. president trump will update us on the fight against the china virus pandemic. we will be taking you to washington and to the white house when the president heads to the very podium. president trump also likely to talk about the great american comeback and what a comeback it is. the august jobs report today showing a better-than-expected gain of almost 1.4 million new jobs. in the unemployment rate falling below double digits to 8.4%, the
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economic rebound from the china virus pandemic is accelerating much faster than the negative radical dems and their presidential nominee, the rinos wall street or anyone in the left-wing is this press suggested even possible. under president trump leadership america has added over 10 million new jobs over the past four months. the sectors with the best job gains retail, leisure and hospitality, healthcare and yes manufacturing. president trump today in the white house making it clear that he is more than pleased with those numbers and he also sees a bright future as more advances in the fight against the china virus take hold. >> our unemployment rate dropped all the way down to 8.4%, that is many, many months ahead of schedule. they said you won't break 10% at
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least until next year sometime and we just hit 8.4% and were going down rapidly pre-plus a lot of jobs are produced. 8.4% is an incredible number. way ahead of schedule, way ahead of schedule. i think what is happening as we receive tremendous growth in the near future, we are rounding the curve and coming up with vaccines and i think the vaccines will be announced very soon. and also to me maybe even better when it comes to therapeutics you will have some incredible news coming out very soon. lou: biden has confused as oft n is has proposed an extra nearly confused agenda that would include a 4 trillion-dollar tax hike, a move that would surely, surely tank this recovering economy in the american people know that.
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according to a new poll the economy is the number one issue voters in the key battleground states of florida and pennsylvania are focusing on and they are worried about china joe biden. a majority of those voters say president trump would do a better job than biden with 60 days until the election voters across the country are strongly backing president trump. the rasmussen daily tracking poll puts the president's approval rating at 52% as of today. the presidents pulls numbers rising, washington the business establishment are starting to sweat bullets. the chamber of commerce endorsing several left-wing democrats in the chambers frenzy to figure out how to slow down president trump's resurgence. now the chamber wants to raise the federal minimum wage to $15 an hour. imagine that the chamber of commerce, they are not only
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against the president, they are against their own businesses and they are also against their own record. in july of 2019 the chamber of commerce itself said that raising the wage minimum to $15 an hour would kill 3.7 million american jobs. who are these morons at the chamber of commerce. they are all lying to joe biden now, that is certainly true in their flip flopping just like he does and they are, yes confused. the wall street journal kimberly writing that the endorsement our best viewed as the chamber leadership vow to political correctness and dubious strategy. internally the outfit is in increasing from tech and wall street executives who want to focus on climate change, equal pay and raising energy taxes. the chamber seems to be heading
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for history's dumpster of an ever accelerating rate. by the way they did not mention china, one of their very favorite agenda items. the radical agenda also resulting in widespread violence and chaos in the cities that they run as if it has been the case for months. portland, oregon bracing for 100 street night a black lives matter and antifa led violence. as those riots go one the antifa member who killed a trump supporter in portland last week was shot and killed by u.s. marshals. authorities say richard tried to run when federal task force members moved in to arrest him and lacey washington police say that rino ran out of an apartment and into a car when gunfire are ruptured, for officers fired and killed him. cleveland, ohio police arrested
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three people who are suspected of connection with the deadly shooting of a police officer. detective james was shot last night while working an undercover drug operation in two of the arrested suspects are juveniles. joining us now congressman andy biggs, chairman of the house freedom caucus, a member of the house judiciary committee pray congressman it toys great to see you, especially on a day when the economy creates 1.4 million new jobs in the unemployment rate drops into single digits, 8.4%. this is the rebound, the recovery, the v-shaped recovery the president talked about months ago and is clearly here now. your thoughts? >> i think it's a great day for the economy, it shows that the foundation that the president laid before covid was solid and firm, lower taxes, less regulation. what we see in the curve is flattening, people are going
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back to work and people want to go back to work and i just think the original estimate was something like 60% the third quarter and were down while the boabelow 10% per the sales to te presidents leadership on the economy and that's why so many people in america trust him on economy and the jobs. absolutely great news. lou: it is great news, the president today, we are watching joe biden in an impromptu press conference, all of the assembled recorders were like lap poodles, was an amazing to me to see them perform. only two as i understood, only two of the members of the press did not ask about trump, instead of penetrating questions about this presidential nominee who has been hiding in the basement for month.
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>> this is ridiculous. they don't have any policy prescriptions that they know that the american people want so they try to make this all about president trump. it is actually a shame and a disservice to the american voter to go to a candidate who really cannot iterate any principles that he stands on and then basically give them softball lobby and at president trump. that's the way the democrats have operated in my opinion for the last four years but it's been heightened when we see the weakness of the candidate president biden. that is for sure. lou: if anybody just wants to watch the video of these two men side-by-side as you and i are on the split screen. president trump looks like a 30 - 40 years younger than biden. biden is confused, gives the most peculiar answers, it's not a question of poor syntax, sport thinking without question. your thoughts about what is
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invisible, obvious contrast for the american voter? >> i have been with the president a lot and on many occasions, i mean a lot i've never seen him without focus, energy, he knows what's going, he's on top of every issue that i've ever talked to him about and been with him about. i'll just give you an example, he was out here when it was 122 degrees in yuma, arizona and give a 45 minute talk without missing a beat. at the same day joe biden was in the basement and he could not get through to his own deliveries. that is the difference between this president and joe biden because president trump is invigorated, he charges up a crowd, you saw him in the pennsylvania rally, he knows what is happening and he is on top of it and i think he is on top of his game right now and he's ready to go and there is a
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reason that people like you and settle never do a debate because the democrats don't want to get the contrast up close and personal because president trump is ready to debate joe biden and leave this country fo for anothr years. lou: the greatest problem is taking joe biden tersely. this is a man who has come up with a prescription, he said the folks in kenosha which should reveal many details and includes the details of $4 trillion in new taxes. that is just a brilliant idea that he is come up with. congressman andy biggs, great to have you with us. thank you so much all the best on this labor day weekend upcoming. up next several reporters and a number of politicians in both parties claiming john durham's report would be out before labor day. the hours are taking away. the minutes in fact, we are waiting. we take it up with judicial
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watch tom fitton and please preorder my new book the trump century, however, president changed the course of the history forever. available now at our extraordinary new merchandise store i am told by many that is the best anywhere in the entire world wide web. lou dobbs.com a place for all american patriots, republicans, democrats and independents. i will be doing a book signing september 23. i know like me, you cannot wait. get your autographed copy of the trump century. sign up at lou dobbs shop.com. we are coming right back. geico's been helping people save money for over 75 years. they've really stood the test of time. much like these majestic rocky mountains. which must be named after the... that would be rocky the flying squirrel, mr. gecko sir. obviously! ahh come on bullwinkle, they're named after... our first president george rockington! that doesn't even make any sense...
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lou: president trump last night weighing in on nancy pelosi's trip to the shattered hair salon in san francisco and hurt marie antoinette behavior. >> she said i was set up by the salon owner. i was set up. i said tell me she did not say that. so i just put out that if she was set up then she should not be leading the house of representatives. i want the salon owner to lead
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the house of representatives and if you get set up and you're representing our country. you know what she should've done honestly, she should've said i made a mistake. lou: the salon owner is erica kiss, she simple losey owns the entire country an apology. protesters were seen hanging blow dryers and hair curlers from the tree outside nancy pelosi's mansion in san francisco. that passes for protest in san francisco i suppose. attorney general william barr planning to follow antitrust charges against google by the end of the month, the new york times reporting that bill barr overruled that the justice department is so proud of they want to delay the investigation. imagine that. i justice department attorney claiming they needed more time, they wanted to delay.
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that the mail-in voting scheme is underway officially. north carolina has set out the first of 600,000 mail-in ballots as of today. north carolina is being sued by judicial watch for having nearly 1 million inactive voter registrations and offering a lot of problems to the country. u.s. attorney john durham has yet to produce a report on his investigation into the origins of obamagate. let me repeat that, no report, no indictment, no word. that is despite a number -- numerous predictions from journalist and their sources and politicians of both stripes and all stripes to date the durham investigation that has produced one guilty plea on the part of a former fbi attorney by kevin kleinsmith and by the way it was not much of a guilty please and
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it does not appear that mr. durham got much for his effort. it looks like kleinsmith horn smuggled a bunch of them. joining us is tom fitton, the president of judicial watch and has a new book in addition to everything else, it is titled a republican under assault in the ongoing attack on american freedom available for preorder now and we recommend it to you highly. let's start with here we are, september 4 and all of the wags and the pros and the politicians telling us and indeed many sources saying durham will have something for us by september 4 because that 60 days out from the election and you know the justice department is proud of its standards in traditions and would not want to interview with an election, like it did throughout 2016 against donald trump. your thoughts?
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>> as you know judicial watch is shut down because they pointed a special counsel and we knew what the likely outcome is going to be. the justice department investigation was not going to provide the information necessary for the american people for accountability and the president should now recognize that it's unlikely that there will even be a report before the election so let alone any major indictments. they have not question obama, they have not question biden even though in the lease there witnesses, why hasn't heller clint big question, she gave the money to the dirty dossier traders. >> it's a rhetorical question. lou: i understand it's a rhetorical question. it's also a question and the fact is there are answers and the answers are she owned sizable parts of what is now a federal government that should be under the control and
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leadership solely of president trump. but it's high levels of influence in the justice department, the state department, the fbi still of clinton and obama. and it is outrageous to see. >> the intelligence community is continuing with the russia smears. every criticism of biden is a grand russian conspiracy. you think he is mentally deficient or has dementia, that is the russians pushing that, your questions about mail-in ballots, that is the russians pushing that, they are continuing because durham and the justice department and the fbi have not done anything. there continuing to abuse their powers to target trump and change the outcome of the election. it is happening again. lou: it is happening again and as you would point out most evenings you would say still happening and you have been
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right in your skepticism. i will call it skepticism, not cynicism because skepticism is what results when cynicism is right. the fact of the matter is, we are going to be disappointed again and we already are as of today. and william barr is talking about going after google fighting off the fiendish professional career attorneys in the justice department in order to do right and do justice. my god, what in the world, why has there been no housecleaning in the justice department. >> i have no idea, the civil rights division is not doing anything to clean up the election rules and their opposing everything were doing in terms of getting accountability. we discussed documents that the fbi was spying on trump that in response his tweets critical of obama spying on him and we have the information that the ukraine embassy was spying on him, his
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family, his lawyer with a listed monitoring of the social media accounts likely in violation of the privacy act. all of this is coming out in the justice department has little or nothing to do with it. in fact there usually obstructing us, state department holding back information on biden in the information we just received. they have been sitting on it for eight or nine months. i tell you, i am not a cynic because if i were judicial watch would not be doing the work. but we are doing on behalf of the american people because the justice department and the fbi in the deep state are a wall. lou: another thing as you mentioned, the ukraine u.s. embassy would have been -- they are the ones who let poor john solomon and lou dobbs that were being monitored. [laughter] >> you are on the list. lou: if it weren't for you. >> you are a crime victim to. you and the president.
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lou: i am too. i am really proud of the fact that i'm on the enemies list of the people trying to overthrow the president. i will take that every time. and i know you will as well. thank you for all your good work you did on that. i want to turn to mail-in ballots, the former vice president who is referred to as vice president by many of the media when they do get the rear opportunity to talk to them. biden today, the reporters asking him questions, one asking about the mail-in ballots in the style of the question this way about what a subversive idea to stop mail-in ballots and did not refer once to the carter baker study on precisely that mail-in ballot which was a fraudulent waiting to happen and recommended against by both
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parties for almost 15 years. and suddenly the democrats think it's a brilliant idea and the reporters don't have the sense to ask questions about why the dems are insisting on mail-in ballots. >> every election expert used to be mail-in ballots. everyone used to be against because they understood it was an opportunity for fraud and increased risk of voter fraud. if you vote by mail your voters are more likely to be compromised, intercepted, not counted or if it is counted, challenge. if you want to ensure your vote is counted, the best way to do is vote in person and the left is set up a system that could break our elections. i fear they are planning violence if they do not win, i fear they're planning to kick it into the house if they don't win. you can read about in the new york times, they are threatening secession by certain states in order to get the electoral outcome that they want. in many ways the left is moved
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beyond voting, it is a power play from here on out i fear. lou: it is a power play but not only with mail-in voting but a power-play by antifa and by black lives matter whether marxist organizations or not. an adjunct to operation in both cases of the democratic national committee and the democrat party. it is outrageous and in each instance it is enabled and permitted and encouraged and democrat run cities to unfold. we will be watching the 100 night of street violence in all likelihood in portland, more rioting but in the name of what, not george floyd but in the name of what? marxism if it's black lives matter and it is working with antifa. the president is walking out and
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were going to be going to him when he moved to the podium so if we may i would like to take a close shot. tom thank you very much we appreciate you being with us. were going to step aside for the president. and the president is not out, tom, i've been badly informed by a body of producers in the control room who will be replaced and mass. [laughter] we have to have a little fun with them, we all make mistakes, they just make more, no. i am told reliably that a lot of careers are running on this. here's the president. >> so as we begin labor day weekend america's unprecedented economic recovery continues, you see what is going on. it is been pretty amazing. the united states economy hit
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today 1.4 million jobs last month, bringing the total to over 10.6 million jobs created in just four months. that is a record by far. in august we had 249,000 retail jobs, 174,000 leisure and hospitality jobs and 29000 new manufacturing jobs. the unemployment rate plummeted to 8.4%, the second largest single month drop ever recorded surpassed only by our big decline in june. last month we saw a large decline in the un-employment rate for african americans, hispanic americans and asian americans, very big declines. we are witnessing the fastest label market recovery from any economic crisis in history by far. by contrast the last administration have the slowest, weakest and worst recovery in
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american history, that was well documented as you know. this year the united states has seen the smallest economic contraction of any major western nation and we are recovering at a much faster rate than any other nation. business confidence is higher today in america than in any other g-7 or eu country, that covers a lot of territory so we had the business confidence higher than any of those countries, in july retail sales not only we've covered but reached a new all-time high. think of that, retail sales, that is a very basic statistic in a big statistic. it not only recovered but reached the highest level ever, auto sales have surged to an incredible 74% since their april low in nearly back to the pre-virus levels and that has been a tremendous thing, new
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scars and used cars have been doing incredibly well pre-mortgage applications with 27% higher in august than during the same period last year. homebuilder sentiment reached the highest level on record indicating that more high-paying construction jobs are on the way. homebuilding has been great in lending has been really incredible. u.s. manufacturing activity reached a 19 month high in august, while my administration has fought every day to restore prosperity, however, nancy pelosi and the democrats in congress are holding additional china virus relief hostage to reasons that nobody understands. i guess i do, i understand, it's called politics and speaking of politics, i think north carolina, i think that michigan and pennsylvania and other states should open the governor's, the democrat covenantergovernors should openp
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on november 4, it is continuing at the level that they continue, democrats are insisting on a massive taxpayer bailout, badly run blue state, stimulus checks for illegal aliens in the mass release of inmates from jail, they want to release a lot of inmates, some of them for very serious reasons, they want to release them from jail, they want that as part of the stimulus package, can you believe it. it's time for the democrats in congress to work in the auto put the american people first. we have $300 billion in an account that we did not use, 300 million. we are willing to use that, i would be willing to release and subject to congress and use that as stimulus money and it would go right to the american people so we have $300 billion sitting in an account that we did not need because things are going so
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well with the economy but it would be a very appropriate thing to release that to the american people and i am willing to do it all we need is a sign off but that does not mean we will release prisoners, some very vicious people actually we will not put them on the street think the democrats want us to. and were not going to give stimulus checks to illegal aliens that came into the country illegally and now we give them a check, we want to give the checks to the american people. we have 300 million, it's there, we don't need the money or anything, but that money get released to the american people. as our economy rebounds, there's only one thing that can stop the extraordinary economic comeback and wipe out the future of american workers and that's what the democrats want to do with the $4 trillion tax hike implementing things that will be really bad for our country and
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this will absolutely cripple what were doing on regulations and so many other elements of success, we have the greatest economy in history prior to the china virus coming in, now they want to stop regulations and they want to bring up regulations to a level and stop the things that we're doing which is at a much smaller level and bring a regulations that nobody's ever seen before, they want to do things that will make it impossible for any economy to grow and they want to ban fracking and as you saw band band band and he sees the polls going down and he sees that he was only talking about not only banning fracking but he wants to ban fracking. it doesn't matter what he wants to ban, the people that want to control him and weathers pennsylvania, texas, oklahoma, north dakota, so many other states you cannot be in fracking, that would be a
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disaster, ohio. we want to abolish american energy, that's what's going to happen, adopt disastrous trade deals and inflict a devastating shutdown. as you know i've said we want to shut it down and be willing to shut it down and you don't shut down when resetting records and by the way were rounded the corner, were rounding the corner on the virus pre-joe biden's blanket which shut down and collapse our economy in countless deaths from suicide, drug, alcohol abuse, heart disease and more. you don't shut down, causes a lot of problems, a lot of very serious problems. more so than the virus itself. biden's plan is not a solution, it is a surrender. and our country is doing so well, were starting to do so well and were going to have a great third quarter. you'll see it for yourself because he numbers will be announced prior to the election on november 3. joe spent his entire career sending american jobs to china
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and other faraway countries for 47 years people were of pillaging our country, taking our jobs and our companies and that's never going to change without mindset in that group. if biden is not going to be standing up to the foreign countries, if you not going to be standing up more importantly to the people that run the democrat party, he does not have the strength to do that. he refuses to condemn antifa, bad group of far left domestic terrorist organization, he does not want to say anything bad about it. his plan to appease the domestic terrorist is the exact opposite of what i'm doing, i think you saw that last night, yesterday the u.s. marshals, we sentiment, the u.s. marshals, we were waiting for local government to take care of it but they did not do that, so the u.s. marshals
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with law enforcement took down the antifa member who murdered a man in the middle of a street in portland, the suspect was killed after drawing a weapon when officers attempted to take him into custody, they wanted to take them, the u.s. marshals, incredible people. i want to thank them for their strength, bravery and i really do wish that the mayor of portland and the governor of oregon would get going and stop the crime in the city it would be so easy to do, while were focused on creating good paying jobs, the radical left is focused on unleashing by really violent mobs and whether you're conservative, liberal, republican, democrat or independent we must all agree the need for peace and order and safety, under my administration, law enforcement is conducting arrest nationwide of writers,
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looters and domestic terrorist and reasons we did not put chicago into a list what were holding back funds from some of the states and cities that are doing such a poor job, and incompetent job, a job that nobody can even imagine how bad and were holding it back until they get their act together and we are having a lot of people in chicago right now and you notice that the numbers are going down rapidly but we deplored a lot of federal law enforcement inside of chicago and they're taking a quite a few people. and there being arrested and being put in jail and that's why you see the numbers going down and with respect to the mayor we did not hold back funds in chicago. but new york is experiencing a tremendous crime wave in some cases up over 300% and they have to do something quickly, we just spoke to mary bowser and she's willing to do whatever is necessary and i had a very good talk with her in d.c. and the
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other places, they speak wit for themselves. were working with the state and local authorities to comb through hours of videotape, identifying arrest suspects and prosecute lawbreakers wearily have over 300 and jail and we have tremendous evidence and i want to think the media for helping us out because they are taking different angles and we have it from every different angle, we cannot have it better than what we got. we see it from the sky and the ground and from the right and the left. when they say they did they do it we say what is this. so we get that from the media free of charge, under operation legend weave surge federal law enforcement to cities played by violent crime, the initiative is already resulted in tremendous it success in nationwide we have over 2000 arrest and we don't talk about it too much but now
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we might as well. we've arrested over 2000 criminals, they are criminals and in a single month the murder rate in chicago was cut in half actually. so on the china virus front, the nations of europe have experienced a 38% greater access mortality than the united stat states, 38% more, greater access mortality in the united states, i know you don't want to report that, we took new york out of the equation, nobody even close, the job we done is incredible and we don't get any credit for but we've done an incredible job through operation warp speed three vaccines in the final stage of clinical trials, yesterday fisa announced, i just spoke to the head of fisa, great guy, they announced that it expects to have the results of
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the trial very, very shortly, next month but we will remain on track to deliver a vaccine before the end of the year or maybe before november 1 and then we can probably have it sometime during the month of october and integrate company. johnson & johnson is also doing very well. under no. we have some great companies doing very well, there in final stages. in you will see results that are shockingly good. finally i want to provide you with a brief update of the virus cases in the united states that declined 20% nationwide over the last month and hospitalizations and deaths have continued to decline over the past week very substantially decline thanks to america's medical genius the mortality rate has been reduced by 85% in april.
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mortality rate reduced by 85% and hospital links of stay are one third of their average length in april. so the hospitalization is down, the length of stay is way down, in order to keep making progress against the virus we ask all americans to remain vigilant especially over labor day, you have the labor day weekend coming upon us immediately, i guess we can say pretty immediately and we need everybody to be careful, apply common sense and do all of the things that we told you to do as quickly and as much as you can, social distancing, wearing a mask whenever the distancing is not possible. in staying with the group that you know, let's trying get through this one weekend and i think we have a chance of doing that, social distance, washer
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hands, all the hiding things that we speak about and were really rounding the turn in the vaccines are coming, the therapeutic severity come but they continue to come. the convalescent plasma has had a tremendous impact already, you see what's happening there in remdesivir has been incredible. we have a lot of things happening in a lot of therapeutics coming out i think from the standpoint of common sense, i think therapeutics to me you go into a hospital and give somebody a shot or transfusion, might be a transfusion, probably more than 50% are actually transfusions and they leave the hospital shortly thereafter. to me that is more important in a certain sense but the vaccines will be great over the long-term and the therapeutics over the short term and knowing that you have the therapeutics is great from the standpoint of mind and the standpoint of the mind.
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it is great. i want to thank everybody for being here and i want to ask larry kudlow to give a couple of examples of how strong our economy is recovering and how strongly it is setting medical to every level and were better than any other country and were very proud of all the people for doing such an incredible job, this is super, with $300 billion ready to go and all congress has to do is say use it. if they say use it i like to use it without their permission but i will not allowed to do that, i did asked that question. so congress has to say use it pre-all they have to do is say use it $300 billion gets immediately put into our system and it will really help the american people, there is nothing else to do just a very quick statement. i'm going ask larry to come up and i want to think another man for being here today. a man that is an incredible
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leader lou halts, i've known him for a long time, friend of mine and i think i've received letters from every football coach, almost in the nation, that's a little exaggeration but some of the great. they wrote a letter, coach 0, i said the hunt to put him in a movie as a football coach. he would really be good playing a football coach like you. in urban meyer wrote a beautiful letter in so many of the great legendary coaches, not only coaches but people in sports and people in life and great political people recommending lou for the presidential letter of freedom and we analyze it very closely and we looked at all of those recommendations and we looked at lou's life and his career and what he's done for charity and the football is obvious, he was a great coach but what he's done beyond coaching so lou will be getting the presidential medal of freedom in the dat date is being
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picked it will be in the too distant future he's married to a great woman. right lou? , she just passed away a few month ago, incredible woman, she was strong, i knew her when she was stronger than lou, i think she was stronger than you, i hate to tell you you are strong but she was special. so i just want to congratulate coach lou holtz on soon to receive the presidential medal of freedom. i will look forward to that lou. thank you very much. you can stay around and listen to larry for a couple of seconds. or go to your friend. >> you probably know half the people in the room. i bet they treat you better than they treat me. they treat him good, i wish they treat me that way. larry come on up. >> thank you, i appreciate it. coach, many congrats, many, many congrats. just -underscore the president's
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assessment of the economy, very strong jobs report today, 8.4% on a point rate, 1.4 million payroll increase but i want to add 3.8 million increase in the important household survey which aims at small businesses, particular and from which the employment is calculated and in the past four months we have generated a 10.6 million increase in payrolls and a 14 million increase in households. so we have restored basically half of the jobs that were lost in the pandemic contraction. today's report also included the lower wage industry in the minority groups across the board, the diffusion index was a whopping 69%. these gains are very, very broad-based. there are still too many people
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out, there is still too much hardship into many unemployed, we are working on that and moving in the right direction. that is why today's numbers are encouraging and optimistic. now other areas of the president mentioned just -underscore, we are in a housing boom, there can be no disagreement about that, sales, mortgage applications, prices, home starts up 23% annually in july and were in a car boom, automobile boom we've gone from 8.7 million in sales to 15-point to million in sales in the recent four months. it is a big jump, the president mentioned the leading indicator of used car sales and prices, the manufacturing index is very strong, this recovery includes manufacturing, the ism's are running in the high 50s, the new order index at 68 and production index is 63 and we had a manufacturing report for durables, core durables over the
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past three months, orders of 35%, shipment some 35%. so these are very strong numbers. new business applications from 25000 - 66000 is 160% gain through august and is a president referred consumer spending is booming up 84% annually over the past three months. my view of course we are in a v-shaped recovery, it's a self-sustaining recovery. high demand increase production and manufacturing along with declining inventories will give us a tremendous momentum going into the second half of the ye year, i still reckon that the third quarter will be at least 20% growth, the atlanta feds gdp index is close to 30%, i think 20% is a good number in the whole second half and next year provided the economic policy
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remain pro growth. i just want to mention one thing on the policy front, i simply don't understand the other side wanting a 4 trillion-dollar tax increase after a deep pandemic contraction. on this point, i believe the vast majority of economists, i don't care if your demand-side or cider, you don't raise taxes by this amount or by any amount. but for trillion, really picking the pockets of taxpayers who are returning to work and need all the resources they can get, you just do not do it, the profession should be have a complete consistence on that. so i'm quite surprised and i think that is a potential obstacle and people are beginning to speak about that. but all i can say is factually the numbers are coming in very positively. with a lot of optimism going on, more work to be done but were going in the right direction. thank you, appreciate it.
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>> the question about 300 billion hike you rolled out that unilaterally in your way for congress to repurpose it and offer stimulus checks? >> yeah what about it. >> is that correct? >> there is a theory that i can do it without the approval but i'd rather get the approval so that we have it. but there is a theory that can take me 300 billion it's money that we had in that we built up in money that we have not spent and i would love to give it to the american people as a very powerful stimulus. i think there is a theory that i could do it without having to go back but i think it would be appropriate to go back and i would ask congress to approve it. it's a very simple approval. it's literally a 1 cents approval and the democrats should do that, the republicans
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would do that and be glad to do that. we'll see whether or not that they do it. please in the back. >> mr. president tom had an interview with the head of the delaware fraternal order of police, he said that they were going to induce you i would like your response. >> i modern of delaware because i don't see biden anywhere but delaware and i like delaware two. but to have the law enforcement delaware give their endorsement to me is really a great honor. it just shows you how pathetic the democrats are when it comes to crime and law and order. would you please extend my very great thanks, it's a very great honor to get from delaware law enforcement. we've gotten it from almost all law enforcement. because every time i see biden
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speak it says delaware, delaware, delaware he never leaves. i'm all over the country and all over the place. go ahead. >> thank you mr. president. germany has said the russian opposition leader was poison. what do you think should be done to russia about that and what is your message to russia about that and how should the international community in the united states response. >> i thing we have to look at it more fiercely about the case. and i think we will, there's nobody been tougher in russia than i have. we get along and i get along with the most all countries, i get along with north korea, which was to be going to work with north korea if hillary got elected you would be at war with north korea it would be a very messy and bad war. many millions of people would be killed. in the meantime we got along with them and we did not get to work, everyone said if i was elected we would be at war in one week and it's been just the opposite. were doing very well in afghanistan and bringing the troops down a very low level and
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the other things that are happening very interesting. we have a great piece still going on in the middle east with uae in israel and we seem very few things that many people have done and is very well received and will be having other countries announcing soon and joining that. they're going to have a lot of countries and a lot of country saying why didn't you do this from the beginning, they would've loved to been there but they want to be in. so were doing a lot of things. i think i was the one that alerted the united states and the world i why is germany spending billions and billions of dollars to russia to get their energy from russia and then were supposed to protect germany from russia, what is that all about. and the sanctions and everything else with the same trade with russia were negotiating a nuclear nonproliferation treaty which is very important thing,
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is the most important thing, some people say global warming, i don't i say this is far more important and we are the biggest, they are the second biggest nuclear waste, china is third, there distant third boatbuilding pretty rapidly. and at some point we will include china into those talks but were doing very well with russia on nuclear nonproliferation. i don't know exactly what happened. i think it is tragic and terrible and it should not happen. we have not had any proof yet but i will take a look, it is interesting that everybody's always mentioning russia and i don't mind you mentioning russia but i said tied at this point is a nation that you should be talking about much more so than russia because the things that china is doing is far worse if you take a look at what's happening, look at what happened
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with the china virus of not keeping that within the confines of china, they should've kept it in the confines of china, look what they've done to 188 countries all over the world but you never ask about china, you always ask about russia. i would be very angry if that's the case, we will take a look at the numbers on the documents because the numbers will be sent over the next few days. >> in the back. [inaudible question] [inaudible question]
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>> i did not understand everything that you said. i know india and i understood those young people that you mentioned, those are very good young people. i know their relationship to india is very good and so is mine and the prime minister is a friend of mine and is doing a very good job, nothing easy but is doing a very good job. we are talking, while were at it, were talking about china and india, going at a pretty good on the border as you know, it's been very nasty, very nasty situation. we stand ready to help with respect to china and india if we can do anything we would love to get involved and help and we are talking to both countries about that. but i appreciate your nice sentiments. they think a lot of india and soda why and i think a lot of your prime minister. [inaudible question] >> we had an event in houston as
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you know and it was a fantastic event, i was invited by the prime minister and this was a massive, where they play football, the houston football team. it was incredible, was actually incredible. the prime minister could not have been more generous. we have great support for india in the prime minister and i would think the people would be voting for trump. i also as you know went to india and just prior to the pandemic because india has been hit very hard, i left a week before that and we had an incredible time and what we it's really an incredible place, an incredible country, and it's definitely big. it's definitely bug. but you've got a great leader, and he's a great person. >> thank you, sir.
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china's bullying india? >> i hope not. i hope not. but they're certainly going at it. they're going at it much more strongly than a lot of people even understand. yeah, please, go ahead. >> thank you. >> please. >> thank you, sir. you just said you haven't had any proof yet. do you have any reasons to doubt the resultses from -- >> no, i don't. i hear germany has made, was it definitive or almost defunty, but we've not seen it ourselves, no. we have not seen it ourselves. but i would certainly be okay with that. they want to do something, they want to take action. shouldn't happen. shouldn't happen. but, again, we are working very closely with a lot of countries on a lot of different things. we've taken stronger action against russia than any other question in the world, as you know. i tell you, president putin would tell you that right now. but the fact that i get along with russia and that i get along, frankly, with everybody
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right now i'm not gotting along with china, but that's my choice. i don't like what happened with respect to the pandemic, with respect to the china virus, i don't like it at all. what they've done to this world and this country and europe and every place else is terrible. but i do get along with, with president putin. but i've been tougher on russia than anybody else by far. if you look at the obama administration, they were weak. look at the land they gave up, look at what happened with respect to, look at what happened with respect to ukraine? such a big part of ukraine given up during the obama add administration. and i don't think they would have done that with me. ing i don't think they would have done that with me at all a. we gave tank busters, and they gave pillows. have you heard that expression? they sent pillows, and we sent tank busters to ukraine. with that being said, if we can do a nuclear non-proliferation
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agreement, that would be a great thing. no, but i would not be at all happy if that were the case. and it looks like it might very well be the case. based on what germany, based on what germany is saying, that seems to be the case. john? >> mr. president, i want to ask you about something you said a while back that's been talked about many, many times. back in 20 a 15 you said you didn't think john mccain was a hero, that you prefer people who don't get captured. in light of all that's happened since then and all you've learned, do you regret saying that? is it something -- >> i say what i say, and i never got along with john mccain. i disagreed with john mccain, you know that better than anybody, frankly. i wasn't a fan. lou: well, that's it for us tonight. the president wrapping up what has been a relatively calm press conference. peter schweizer and john solomon among our guests tuesday -- rather -- yes, tuesday. a reminder to follow me on
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twitter @loudobbs like me on facebook and instagram @loudobbs continue. my new book, "the trump century," our new web site, loudobbsshop.com. thanks for being with us. have a great weekend. good nig >> earlier in the statement that you read questions and you spoke about how you believe as you put it rounded the corner of the coronavirus pandemic. you said that yesterday as well and i think everybody would like to see the pandemic come to an end, there is no doubt about that. but i wanted to ask you about a forecast that is come out from the ih mee at the university of washington they were forecasted by january the first of next are that we will have 410,000 american deaths from coronavirus which is 225,000 from where we are right
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