jack: definitely, thank you ben, carlton and jack sorry about your golf and car heaven those are great ideas, to read mark check out this edition of barron's.com and don't forget to follow us on twitter, that is it for us we will see youhihihihihe evening edit" on fox business. we hope you have a good weekend. ♪ larry: hello, everyone, welcome to kudlow, i'm larry kudlow. good to see you. good news for the economy today. solid 379,000 jobs were added in the month of february, far outpacing expectations. payroll employment with revisions actually were up 417,000, and private payrolls up $465,000. the unemployment rate ticked down to 6.2%. the markets loved it, the dow, as we know, right here at the top of the show, we'll get a final reading, dow's up almost 600 points. so this is all good numbers.

good things are happening. we are coming back from the shutdowns of november, december and january. and these kind of numbers set the stage for even stronger jobs during the spring and summer. more and more states are moving to reopen. we've reported that texas and mississippi, those are states reopening, along with 14 others that don't even have a mask mandate. and today, importantly -- you know, we are bipartisan sometimes -- a democratic governor in my home state of connecticut, ned lamont, he is moving in the direction of florida. he's moving away from new york and new jersey. governor lamont announced that, basically, all businesses can reopen to 100% capacity. now, governor lamont will keep the masks on for a while longer, but the 100 capacity is absolutely the key. by the by, texas, only 75% capacity. so, hats off to a democrat going down the right road. here's governor ned lamont today explaining the reasons behind

his decision. >> we just figure by march 19th, you know, we're going to have the overwhelming majority of everybody 55 and above vaccinated. that's where 99% of the complications and fatalities are. so we thought it was time to lift the occupancy restrictions but keep in place the masks. larry: all right. keep in place the mask, i don't have a problem with that, frankly. governor lamont has really been a straight, smart shooter on this pandemic business. he organized the vaccines on the basis of age rather than some regulatory the rigamarole produced by a bunch of blue states who have simply not gotten the job done. his motto, keep it simple, stupid, is exactly right, so hats a off to that. by the way, as an aside, governor lamont refused to raise taxes in connecticut even though his legislature wanted to. now, this goes back really to the theme of our show, which is the all-importance of the vaccine story.

on the shoulders of former president trump's operation warp speed, vaccines are exploding, and cases are plunging. dr. marty ma carry from johns hopkins told us last evening that he is sticking with his forecast of herd immunity coming this spring. that means jobs. that means a very strong v-shaped recovery. and famous wall street economist ed hyman and ed yardeni told us last night 2021 growth could come in around 7 or 8%. it's like the reagan recovery boom back in 1983 when i worked for the gipper. stronger this spring than anyone dreamed possible, that's coming. stronger, stronger, stronger. maybe not everybody gets this. here's president joe biden today. disappointing. >> last month's job growth as a result of the december -- while without the rescue plan, these gains are going to slow.

larry: yeah, sure. look, with all due respect, mr. president, this is about vaccines, not a stimulus package loaded up with liberal social pork barrel spending. and speaking of the stimulus package, interesting, senate democrats continue to pare it down. apparently, now, i don't think the votes have yet been taken as we meet this evening, but it looks like the minimum wage hike will be scrapped, and the direct mail checks eligibility has been tightened, and the federal plus-up for unemployment assistance has been reduced from $400 a week to a much more reasonable $300 a week which will not interfere with incentives for folks going back to work. now, as for joe biden's washington, "the wall street journal" editorial board called it the perpetualing covid crisis. trumpeted daily by the permanent lockdown lobby that lives and breathes bad news and remains in denial about donald trump's operation warp speed and

skyrocketing vaccinations that are the real cause of the economic recovery. they won't even acknowledge it. now, that is neanderthal. our first guest has done his level best to slow this $1.9 trillion stimulus behemoth package down. he's actually forced the senate to suffer the indignity of actually reading and knowing what's in the bill. remember what house speaker nancy pelosi had to say about obamacare back in 2010? take a listen. >> but we have to pass the bill so that you can find out what is in in it away from the fog of the controversy. [laughter] larry: away from the fog. i mean, she said that, it was perfect. naive? heck no. senator ron johnson from wisconsin joins us. thank you, sir. we know you're in the middle of voterama. question, at this point you've got the bill read. i don't know, maybe the substitute amendment got read

also. i'll just ask you generally, does anyone really know what's in this bill? >> well, i know what's in it because i sat on the floor for 11 hours listening to the 628 pages being read. but, let's face it, nancy pelosi's method of operation continues in force. they just wanted to jam this thing through. had i not forced that reading, we probably would have been in voterama last night, it'd probably already be over, $1.9 trillion that we don't need that could represent a real inflationary threat would have already been passed and already forgotten. the damage that might do in terms of sparking inflation, the added debt burden on to our children in light of the fact, larry, that we've actually still got somewhere about a trillion dollars left unspent from the $4 trillion passed during the can trump administration. when we can see the light at the end of the tunnel on this pandemic, it is running its

course, you throw on top of it the vaccines, this economy is just ready to burst forward, and we just don't need this $1.9 trillion. at this point it's dangerous. larry: so was there a substitute amendment that was read last night? what were the key points to that? i don't think people are aware of that, and i haven't seen any big news reports. but i know that you were up to something, and it's usually something pretty good. so what's that one all about? >> yeah. the senate democrats had some slightly different ideas than the house democrats, and so they had a substitute amendment, largely the house bill, but they made some tweaks in terms of the allocation, for example, state and local support. again, which we don't need $350 billion going to these statements. states. and what they've tone is they've allocated some based on population, so a little bit more fair, but the vast majority's going to to be based on unemployment rates. and so the governors that have

shut their economies down, that have destroyed businesses, destroyed people's lives, they're going to get the lion's share of the state and local government support which is grossly unfair for a state like wisconsin. larry: perverse incentives. really bad policy, absolutely right. no common horse sense either. now, a couple of things that are coming up, i don't think they've been voted on yet, you tell me, senator johnson. the minimum wage hike is not going to be part of this, they're cutting back on the federal plus-up for unemployment assistance from $400 a week to $300 a week which in some sense makes better, at least fewer disincentives. maybe more incentives to go back to work. and, let's see, there was another one in there that i can't remember. but these are coming together now? they'll be passed? >> well, i mean, let's hope so. the biggest problem we have in wisconsin businesses is they can't find workers. when we had the $600 plus-up,

workers made more on unemployment than they were making at their job. right now even with the $300 plus-up, it's about half. so we created perverse incentives there, and it was lawrence summers, a liberal economist, that coined the phrase that when you extend unemployment benefits, you egg ebb tend unemployment. extend unemployment. so we need to end these perverse incentives. and, you know, the other thing that they're trying to adjust is target the economic stimulus payment, the direct payments to people -- larry: that's right. >> -- who actually need it. from my standpoint, i think the wage limits are still way too high. at the depth of the recession there were about 25 million jobs lost from the record high, now we're about 9-10 million, yet we sent economic direct checks to americans twice, and we're looking to do it again. again, as strong as the economy is, 379,000 new jobs, i'm happy to help people that truly need

it, but we've got to be spending our time figuring out how to target to those individuals as opposed to these blanket stimulus checks to people who don't need it. larry: the eligibility, that's the one i forgot. thank you for that, sir. so, senator johnson, bottom line here, the stimulus bill's going to pass, isn't it? >> well, you know, i've got a plan that will certainly extend the debate the way we should. you know, back in 1993, larry, they were debating a $19.5 billion stimulus. this is a hundred times larger. they took 12 days on the floor of the senate, whittled that down to $4 billion. that's when the senate actually was the great deliberative body as opposed to this method of trying to jam $1.9 trillion through this reconciliation process. larry: well, senator johnson, we thank you for stretching this out, we thank you for forcing the senate the indignity of actually hearing what may be in the bill. i don't know if they listenedded

to, senator, some of them probably had to. we appreciate your efforts. as always, thanks for coming on the show. up next on "kudlow," the biden administration continues to lie. i'm so annoyed at this story, i'm now just calling it a lie. they are lying about president trump's operation warp speed. >> when it comes to vaccinations, you're following some of the same playbook here. so does the prior administration deserve some credit for laying the ground work? >> we had enough vaccinators and enough vaccine locations to get this under pandemic under control. there's no question and all data points to the fact that there were not enough of any of those things when he took office. larry: that is utter nonsense. by the way, the biden administration has nothing to do with the creation of what will be about 600 million doses of the vaccine. nothing to do. and they continue to cover that up. i don't get it. it's sheer stupidity. don't you just hate lying? we'll have the proof next up on

"kudlow." this is so annoying to me. ♪ ♪

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♪ ♪ >> former trump hhs secretary has said you're following 99% of

the p playbook they created on vaccine, he has said that the priordm administration deserves more credit here for at least getting the ball rolling. >> i don't thinkol anyone desers credit when half a million people in the country have died of this pandemic. so what our focus is on and what the president's focus is on when he came into office just over a month ago was insuring that we had enough vaccines. larry: yeah, sure, right. by the way, when we shut down travel to china, we shut down travel to europe, then-candidate biden opposed all that. just one of many things, a flip-flop. but the idea that there was no vaccine is nonsense, utter nonsense.cc and i want to make this point. president biden himself and his administration have nothing to do with the supply of vaccines, nothing. the explosion in vaccines, which may come to over 600 million doses by june, was all started under president trump's operation warp speed.

all right? pfizer came under operation warp speed. moderna came under operation warp speed. johnson & johnson came under operation warper speed. they are the ones supplying the vaccines. if there hadn't been warp speed, there wouldn't have been those pharmaceutical companies, and you wouldn't have any vaccines at all, but we did. the trump administration spent $10 billion for promising research and, in fact, the administration guaranteed these companies against any losses if their research didn't pan out. frankly, operation warp speed will go down as one of the greatest presidential achievements in history. would want it the -- without it the pandemic could have gone on and on with no hope of a solution. under the old rules this would have been 5-10 years. president trump cut it to six months with deregulation, public/private partnership and

government financial backstops. that's all. i just am so annoyed at the biden administration. they don't have to do that, by the way. remember unity? whatever happened to unity? anyway, let's go on. fox news medical contributor dr. janette nesheiwat. she previously advised members of the trump white house coronavirus task force. doctor, welcome. i was a member of that task force, went to nearly all the meetings. i want to ask you what is the truth about operation warp speed. >> hey, larry. thanks for having me. so, larry, as you know, we have three highly safe and effective vaccines in less than a year. that is historic. president trump unleashed the privateto sector. he allowed for the best of american ingenuity allowing for pharmaceutical companies to collaborate and engage in parallel manufacturing, allowing for trials and testing and manufacturing of the vaccine simultaneously. and that is the reason why we

have over 82 million americans who are currently vaccinated. it is all the result of operation warp speed which was announced in may of 2020 by president b trump, and that is incontrovertible. larry: all right, incontrovertible. i should introduce you to the press secretary of president biden. or the president himself to hear that, incontrovertible. and also, doctor, arrangements were done. the original distribution arrangements, through the military the, were done out of operation warp speed. it was all part of the same piece. we got can -- got the stuff out. now it's growing, as it should. to me, the snags are too many of thesehe states, especially the bluein states, have a kind of, u know, tremendous regulatory obstacles. i mean, i use democrat governor of connecticut lamont. he just did it on the basis of anal. distribution was done on -- real simple. but these other states had a million different regs,, and that's one of the things slowing it down.

i think last night we came up 27 million doses are there, but they haven't been used yet. they're on a shelf. >> yeah, you're absolutely right. it came down to the lack of coordination, the lack of organization, the lack of communication when the vaccines were shipped to the states. that's a really important component of vaccine distribution. but i know firsthand working as a there on the front lines -- doctor on the front lines, we were given a distribution plan. it was very helpful and it worked. so the manufacturing and distribution plan was clear from the get go. remember the phases? phase 1a, b and c, make sure we distribute it to the nursing home residents, to long-term care facilities, then the doctors and the nurses and the hospitals. that was thehe plan that was supposed to be executed. that was the guidance given by the president trump administration -- the trump administration and the cdc. it's up to the states to follow through with that. wery can't spoon field and manae every step of the way, but we have to provide the guy dance, supplies, staff and tools, and

that's what the trump -- larry: the distribution thing was actually done by the military. it was thete quartermaster general -- >> that's correct. larry: they're the best in the business. >> the bidens may want to attack the military too, but just saying. doctor, let me ask you before you go -- and i appreciate you coming on, straightening this outr or helping us to -- there's a lot of talk, i don't know, gossip, rumor, hearsay, whatever, there's going to be a fourth covid spike or there's going to be another major covid spike despite the 82 million doses which is going to rise up to guyn't adaptic numbers and the possibility -- gigantic numbers and the possibility of herd immunity by the spring. is there another giant spike of covid comingsome. >> well, we can't say for sure, but it's a possibility if we do not continue with vaccinations. we're vaccinating approximately 2 million americans a day. if we can continue with that and if we can continue with safety protocols ofpr washing your han, wearing your mask, practicing

social distancing and just using common sense and being smart, then that may not happen. but if we just let our forward town and not continue with what we're doing now, then it is a possibility. but, again, i think the vaccine is going to have a huge impact. even if we do have a surge is, we've already vaccinated the most vulnerable population that. 's why we're seeing a decrease in the number of deaths, hospitalizations and cases, and i really don't think that we would have a vaccine right now if we didn't have president trump pushing operation warp speed. we probably would still be waiting for a vaccine right now. larry: so, doctor, last point, you know, you mentioned the masks and the distancing and the testing and the hygiene. i, you know,. i think it's wrong to make a fetish out of masks, okay? whether masks are mandated or not, individual people acting on their own should use masks, right? it's the prudent thing to do. i mean, i've argued this for months and months and months and months, sometimes against my own former boss, and the distancing and the hygiene. if nothing else, it makes people

feel better, but it may be significant, right? i mean, i think that's a key. i want to open everything, open everything. m lamont, 100%r capacity opening in connecticut, it's fabulous. 14 or 16 statements going down the same road. but there's no reason to come out. it's not a political issue, the masks, that's what i'm trying to get to. just do it because it makes sense to do it. >> absolutely. wearing a mask is one of your greatest tools and defenses, so just a littlee bit longer until we can get most americans vaccinated, and maybe one today we won't have to wear them like we do to have to save ourselves and our neighbors. larry: i don't know if you ever read -- but rome was rebuilt brick byby brick. [laughter] >> that's right. larry: dr. janette nesheiwat, thank you so much. up next on "kudlow," folks, lawmakers in china continue their crackdown on freedom protesters in hong kong. beijing says they're improving democracy.

reality? if hong kong change -- hong kong changed forever and, sadly, not for the better. china expert gordon chang joins us next to talk about the chinese communist party national legislative meeting here on "kudlow." ♪ ♪ ♪ ♪ ♪ ♪ why do you build me up, build me up... ♪ ♪ buttercup... ♪ ♪ baby just to let me down! ♪ ♪ let me down! ♪ ♪ and mess me around... ♪ ♪ and worst of all, worst of all ♪ if you ride, you get it. geico motorcycle. fifteen minutes could save you fifteen percent or more.

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larry: let's go to china. take a larry: let's go to china take a look at this big meeting going on the chinese communist party sponsoring the peoples of congress led by president for life xi jinping, one big thing coming out of this the u.s. and the west is in decline and china is ascending, that is what they're saying. good luck on that theme china, what china is actually doing now and in recent years taking giant steps against democracy and freedom everywhere. they have essentially terminated him any freedom in hong kong, the human rights abuses in

uighur concentration camps have been criticized all around the world. the military and the south china sea is backfiring in nature, u.s. allies, japan, india and australia the so-called quad are working full-time against china adventurism in china's nonmarket economy. in fact, although china's recovery from covid in the short run, in the longer run the market-based entrepreneurial economy is being completely suppressed by the communist party. the state owned companies are gaining all the favor, all the money and all the credit, this model of state his him is doomed to failure just like socialism always fails. the old soviet union down throughout history, in terms of per capita gdp the u.s. is still at $65000, chinaut about 10500,e have a substantial lead and they are going in the wrong direction, but, the bidensi

administration has got to stick with former president trump's tough policies on trade, huawei, intellectual property theft, cybersecurity hacking and so forth. china is not our great power. senator bill hagerty called them a strategic adversary, that the high-minded definition. in other words, the u.s. has got to be tough and understand the chinese threat to our livelihood and our security. somebody say america first, joining is now great friend, jordan kaine, colonist, author, at the gate stone institute who knows tons about china and has been wordiness for many years, thank you for coming on, what do you think about the chinesena national legislation communist party meeting and all of the propaganda. >> it is propaganda and you're absolutely right xi jinping the

chinese ruler is pushing china back to to tally readers him and as the economy and we know in the early years of the people's republic of china that did not work but also did not work through the rule because efforts in the past have done the same thing that president xi jinping is doing now and every incident has led to catastrophe for the chinese people. larry: having said that, and it's important point that they're going in the wrong direction not in terms of freedom but in terms of the market economy present she is wiping out what they started years ago with some success. that game has changed but gordon we cannot rest on our morals, that's my basically and i wanted you to comment on that, we've been through whether it's huawei and the 5g game or stealing intellectual property or forced transfers of technology, technologies or crown juul of our technology were ahead of

china but i don't know if always stay ahead. the early returns abiding in your judgment are good, bad, some place in between? >> not very good and in some cases very distressing because biden has taken down the protection that president trump and you put in place, for instance, hours after taking the oath of office biden signed an executive order that repealed president trump's order of may 1, 2020 president trump in may of last year for bended electric grid operators provide equipment from china which could be sabotaged and indeed we know the chinese turned off the lights in october so this is not just a theological concern. am very concerned about the way the president biden has been taking down what is absolutely essential to protect the american republic. larry: on that point, interesting bob lighthizer was

the u.s. trade representative, wilbur ross over the commerce department and all of us at the national security, pompeo andth many others, robert o'brien, steven mnuchin, we had policies a very strict export controls on sensitive issues like semi conductors which the design of semi conductors advanced designs are really the heart of the technological progress that drives our economy, we don't know yet whether the biden administration will keep those export controls on, they have not played their cars and we saw 365 billion in tariffs as a means of trying to ensure implementation of the phase one trade deal but we don't know that the biden crowd will keep those in place either. >> yes, when we heard the comments of biden's commerce secretary picked gina raimondo in her senate hearing it was distressing because she

should've known someone was going to ask her about the controls on huawei the congress department sanctions on that company and others and she did not know what to say, that really indicates that the biden team has not thought about theus critical issues, they told us they had a better china policy and obviously they had no china policy when they came in. larry: i think the huawei story, we will have you back a thousand times to continue this discussion, in some sense the huaweiei story even though it'sa bit in the weeds and technologically driven but in some sense i think that is symbolic of how tough are going to be, it is not just about building telephone poles or 5g fasttrack telecom communications it is about national security. once huawei gets into our system, they will still all of the information, they are probably trying right now i'm using huawei as a leading indicator, does that matter?

>> certainly, the restrictions on huawei with the commerce department entity list and the other a restrictions are the things that got beijing the most upset because they realize this is the core of the competition. whoever is going to dominate the technology of the 21st century is going tot' be leading and leading for a very long time which is the reason why and beijing we heard about their 14 five-year plan which is the dump more money into tech sectors. larry: well said gordon chang we will revisit this many times, thank you for coming on the show. we already know the stimulus bill is chock-full of unnecessary spending but democrats managed to sneak in a perk for federal employees that leaves american families in the dust. federal bureaucrats to meet unto defeat american family. not good,,il will help the detas not good,,il will help the detas when "kudlow"

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larry: in the stimulus story there is a provision some are calling a bureaucratic bailout, better workers who have any reason to stay home during the pandemic are getting a lot of extra money thanks to the covid relief bill but ordinary american families, not federal workers don'tet get anything, hillary vaughn has much more on this coming out of washington. >> great, good to be with you, this is a special provision set aside for federalal employees oy who we get paid to stay home with her kids that are out of school this bill sets of $5,570,000,000 in the pot to bes paid for government employees but there is a catch, parents still get paid even if their school lets kids go back to school for in person learning but gives them the option to keep virtual learning in place so if parents decide they don't want to send their kids to a

person learning they will keep them at home the government will pay them to make that possible, the perk is not just given to federal employees it is also going to be doled out to anyone working for the u.s. postal service and it pays out a pretty penny, the bill is written pays workers $1400 a week for 15 weeks, the federal government under this bill is prepared to pay $21000 to every federal worker in usps employee who decides they want to keep their kids a home and don't want to send them back to school. larry: hillary vaughn thank you very much for that, joining is now donald baskin chief investment officer at tran michael, yet it couple thoughts on this, i think your tweet was 15 weeks of $1400 checks for federal employees, i take it you don't agree with this provisioni questioning spin at. >> i am a application and to

become a federalal employee. seriously, what is economics the study of science incentives, you give people incentives like this it the incentive to keep america school shut down and we have got to get every part of america opened up again especially the schools, you liberate the schools you liberate the parents, you liberate the parent to the brief economy. larry: amen to that it's beenara show for the last three weeks as we got out of the gate. you were impressed i read your article today, you were impressed with the job numbers better than most folks thought is this a function of the stimulus or is this a function of vaccines and reopening? >> it is strictly a function of reopening, you can see by where the jobs are, almost all the jobs that were created were in leisure hospitality sector and those are the sectors that got wiped out the hardest in the

lockdown. as we come back that's where we have to see the jobs come back and that's exactly what happened, you know i'm a conservative and i generally don't favor the idea of stimulus bill back in march of april and may a year ago when the world was indeed i was not calling stimulus i was calling to save the world and i'm really glad we did it, we turn to depression into a memory, were practically out of it. larry: that first package was well-crafted, bipartisan and had a lot of good incentives, not bad incentives but good, this package by the way the worst year on an employment the more money you get from washington which means you want to keep the lockdown going, the wall street journal calls it the walk down industry. let me switch gears, the stock market did very well today, i think on the heels of the jobs report, maybe on the factors but the market rates, long-term

rates have been l edging higher and a lot of people are talking about a wave t of inflation, i want to get your thinking on that, slamdunk, interest rates are going to rise and rise and rise and inflation is going to pop up again? what do you think. >> inflation rates and yield are separate but tightly interrelated questions, i do believe there's going to be a bump in inflation simply because there's so much pent-up demand that will be released when america really opens up there's $3 trillion in savings in the hands of households, people have the power to act on their pent-up demand they will spend their money inventories only recovered half, a lot of supply chains are still kinked there will be inflation comments are going to be monetary inflation it's going to be a supply demand mismatch and once they get worked out i think were going to in inflation will be the low

levels it has for the last 12 or 15 years and if you're jerome powell that is not enough inflation. he is going to wait a very, verh long time to tighten policy in any dimension because he's on it absolute jihad to get inflation not just the target of 2% but above 2%. he says it's a matter of institutional credibility for the fed to see inflation above 2% when a central banker uses the word credibility that's like saying all in that's when you know they mean it working to get inflation, and accommodated of the fed and probably not a bad thing. larry: for main street, not the wall street crowd, you are out there in texas, for main street investors, for blue-collar 401k investors, would you tell them to stay in stocks or get out of stocks. >> can i have a third alternative, put more in stocks.

>> put more in stocks, that does not mean open an account on robinhood and by tessler gamestop, that means get on board and economy that is going to be in a boom for the next couple of years, were looking for the r roaring 2020s do you want to be an equity investor when that happens, yeah. larry: just wanted to hear you layan it out, were trying to tak to the middle of america not just the guys on the street that want the fed to bail b them out every time, i happened to read you but it's more important what you said, thank you for comingg on, see you soon. larry: remember solyndra energy company who wasted half a billion in taxpayer loans during the obama administration and they went bankrupt. ♪ >> is so important that we invest in solyndra and invest in what they are doing not just to get us through today but to

power our way to a much brighter tomorrow, we are journeying in a sense closer and closer to the sun. larry: that was 2009, solyndra went bankrupt not too long after, president biden wants to start up the very program and might be wasting billions more of your tax dollars in the energy department should not be energy department should not be a hedge fund, that s energy department should not be a hedge fund, that s energy department should not be a hedge fund, that s ♪ ♪ ♪ energy department should not be a hedge fund, that s when it comes to your financial health, just a few small steps can make a real difference. ♪ ♪ ♪ guidance on your terms. confidence feels good. chase. make more of what's yours. touch after touch bacteria in your home never stops. that's why microban 24 doesn't just sanitize and stop. it keeps killing bacteria for 24 hours. spray on hard surfaces to kill 99.9% of viruses and bacteria initially including the covid-19 virus. once dry microban forms a shield

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>> it is here the companies like solyndra are leading the way toward a brighter and more prosperous future. larry: obama biden white house gave solar company solyndra of $535 million loan guarantee into thousand nine, that was shortly before they went bankrupt, now president biden's energy department wants to restart the same loan program that ended in total disaster. i don't get it, maybe somebody can let us bring a great friend who knows about such things, marc short former chief of staff to vice president pence, great to see you. you did not own stock. >> congratulations on the new

show. larry: you didn't own stock in solyndra did you?w fess up. >> absolutely not so why are they repeating this? why are they repeating this we know it's a stupid idea. >> i think the central planners in d.c. think they know how to better invest taxpayer melt under dollars i think the lucite of the fact that it's the federal government's money in fact it's individual taxpayers dollars to send it to washington, d.c. and the notion they can socialize the risk of the investment amongst all the taxpayers is faulty economics. the reality solar panels that solyndra makes and can work on the marketplace they should have a place in the marketplace and every other form of energy just like windmills they should be subsidizing get favorable loan treatments. larry: former energy secretary who knows a thing or two about this he is always telling me we should be in the business of expanding our energy portfolio, not just indian fossil fuels and

financing the renewables a lot of the equipment is made in china but we should be expanding our energy portfolio we should have all of the above strategy, is that where biden might go? >> it does not seem that's where he's going, i remember when the obama biden administration came in house republicans had a monster, that's what you said on the house for they continue to say all of the above energy, that's the exact approach, we should explore all the natural resources this country has been afforded and blessed with but there should not -- the government should not pick winners and losers it should not determine who gets a favorable loan where others have to compete in a marketplace for loans, that's not the business of the government and we should get out of it. larry: your exactly right, it always fails, this stuff is doomed to failure, why they want to repeat the failure is beyond me. while i have you here i want to

jump ship and go to different topic, your former boss in my friend mike pence wrote a terrific op-ed criticizing the house election reform bill, i just wondered if you would comment on that because i think he was spot on, i believe it's the first large piece we have seen from the former vice president since inauguration. can this bill be defeated, what is the key problem with this bill as you see it ? >> i think there is several problems of the bill but principally what it does it takes election law that our founders wanted to be determined in state legislatures and tries to federalize it nationally and say s one-size-fits-all and basically i think out of some of the chaos of the last election cycle nancy pelosi, democrat leaders seen an opportunity to come in and take power away from state legislatures and say we will mandate there is no longer

voter id and we will mandate certain ways of same-day registration, we will mandate how states do their election and create a lot of opportunities for fraud. the biggest thing the vice president is raising is a federal one belongs to each state legislature and in 2020 what we saw were unelected people many cases come in andaw tripled the state laws and say were gonna keep excepting mail-in ballots for days after relection day, working to determine new rules without the state legislature making that determination and the vice president is making the case we mshave substantive problems with what nancy pelosi is doing but there's a federals concern that we really think this belongs to the state. larry: great stuff, really great stuff, it was a great editorial, my best to the vice president and you, thank you for coming on "kudlow", we appreciate it. up next the biden white house thinks addressing cancel culture is a joke, i have a little jokel

is a joke, i have a little jokel

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like you, my hands are everything to me. but i was diagnosed with dupuytren's contracture. and it got to the point where things i took for granted got tougher to do. thought surgery was my only option. turns out i was wrong. so when a hand specialist told me about nonsurgical treatments, it was a total game changer. like you, my hands have a lot more to do. learn more at factsonhand.com today. larry: an unnamed white house of volitional said politico very nice rhyming with the cancel culture, you can read that politico but we have our own rhyming, let's talk about a president named joe who knows how far left togo, he's weak on china and iran and said trump left no vaccine plan, he wants

lockdown with no in and fixes to spend spend spend that reopening of vaccines are the key to the booming v-shaped recovery, what do you think of that will give credit to our producer eric schaefer, very good our next move will be i am a contaminant or, thank you for watching in -t week. "the evening edit" starts right now. elizabeth: okay, not just elizabeth: not just one but two bombshells hitting governor andrew cuomo of new york at once the report that the cuomo team rewrote and altered an internal state report last year last summer to hide and cover-up the true death toll in order to make cuomo look better, cuomo aides did it because they feared for their job if they did not go along that's according to the new york times as second-story cuomo accuser goes public with harrowing details and how cuomo tried to groom this 25-year-old

for another woman who accuses cuomo of sexual