jack: you should have listened to al. if not, listen to ben. great ideas. thank you, happy father's day. check out edition of barrons.com, don't forget to follow us on twitter. that's all for us. we will see you next week on larry: hello, everyone, well o welcome back to kudlow. i'm larry kudlow. i can think of many things of president biden's comings and going and doing and not doing it was not his greatest week. back in 1977 remember this , there was a grateful dead put out an album called "what a long , strange trip its been" i kind of like that a lot. i'm not really a dead head but i like that a lot or then there's kim strassel's column today titled "mr. president, meet the

law." i remember the song incidentally , i fought the law and the law won. there was another 70s song by the clash, and apparently, the lyric before that was "i needed money because i had none ." wow. mr. biden, personally has got to have some cash, because we discovered that when he disrobed his suit jacket at the putin summit yesterday and tried to fold it up and wound up throwing it down i could hear american clothing manufactures weeping because it turns out it was a lovely $3,000 canali suit made in italy. ouch. ouch for those clothing makers in america. so it wasn't america first, more like mike pompeo's phrase, climate change first. let's not forget our dear old pal dan henninger's column, joe biden's european vacation that's another one. mr. biden was walking to the g-7 european club with open arms . indeed i think he's now their

favorite member. he gave up american tax sovereignty to let the europeans impose big tax hikes on american companies. that's going to do great damage to worker wages and cost us a lot of jobs and undermine the economy. mr. biden gave up american energy sovereignty by reaffirming at the g-7 the paris climate targets which will decimate our fossil fuel, america first energy independence, thereby doing even greater damage to the economy and to jobs. in this putin semi-summit, he gave up american classified secrets by releasing 16 critical infrastructure sectors that's a list developed at the highest level of american intelligence and national security experts. he essentially provided enemies like russia, china and iran with a target list. he made no effort to respond to putin's cnn msnbc talking points on black lives matter and

january 6 and relations and even election reform. mr. biden made no counter attack on the putin lie that russia has nothing to do with cyber hacking what he should have said is publicly released russian cyber hacking criminal groups that we all know about, but of course, he didn't, and by the way, he could have just said, you want to hack, i'll hack, because american hacking technology is 10 times better than russian hacking technology, and back to those critical industry target lists we don't want hacked a couple things not mentioned were american security and space and american security under the waters. i'm sure the russians, chinese, and iranians took careful note of that. mr. biden lashed out at a cnn reporter with what he should have saved for vladimir putin and on the grand international stage again, i say, when you're at the highest levels of state craft and national security, mr. putin consistently behaved as a weak people-pleasing

executive, who frankly preferred foreign handshakes and pats on his back rather than a staunch defense of the american economy, our security, and american values. all these ways, it was a bad week. what a long, strange week, and let me add counter productive trip he had. now, mr. biden's home just in time to help nancy pelosi pull together, get this , a "select committee on economy, disparity and fairness and growth." got that? far left members, the squad members, alexandria ocasio-cortez, they will be members of this committee, connecticut left winger jim hime s will be the chair. other democrats all far left progressives. supposedly, it's going to be a bipartisan committee, but if republicans play in this socialist swamp they be nuts. it's just a continuation of europe's socialist policies,

that have consistently failed down through the years. g-7 europeans may have filled mr. biden's ears with the wonder s of cradle to college entitlement spending without any link between work and benefits but do you know what? president biden didn't really need any encouragement at all on that front. he and his pal chuck schumer are now planning a $6 trillion welfare package to run through 51-vote reconciliation republicans be damned. i particularly like the charter of nancy pelosi and aoc. this committee that says, "the liberty of a democracy is not safe if the people tolerate the growth of private power." really? well, i hate to break the news, but you can not have a good paying job, which of course is what we all are, without a strong and healthy, private business, private. private enterprise. private sector.

businesses and jobs go together. even carl marx and frederick eng els knew that even though they didn't particularly like it that you needed capital in order to help labor and labor must help capital. you can not start a good business without the private investment cash to finance it and it's that good business that creates good jobs, not a lot more of government re distributionism which is really all the left wants. you need cash, but if you tax it all to death, literally, with the new death tax, you're not going to get businesses or jobs or wages or healthy family incomes, none of the above. now, as we close in on july 4 independence day, it's no real coincidence that while the founding fathers who wrote about life, liberty and the pursuit of happiness in that same year, the economic rock star of the times, adam smith,

published his opus, the wealth of nations, 1776. that opus was all about free markets, free enterprise and a market-based system for money and stocks and bonds and labor, trade that was completely color blind, sex blind, religious blind, free markets don't have critical race theory, or any other forms of discrimination, because of your color. adam smith's universe also depended on the rule of law applied equally to everyone, regardless of race, religion, and color, and overbearing governments cannot simply issue executive orders to tear down laws, whether it's racial preferences for debt relief or farmers or restauranteurs or oil & gas leasing on federal lands or ending deportation for illegal immigrants, or banning state tax cuts. the beauty of adam smith's simple and clear-ed haded

thinking copied by the american founders to create the greatest democracy and the best free enterprise economy in the history of history, to my way of thinking virtually everything mr. biden did in this long, strange trip, ran counter to what the founders tried to teach us. we will have much more to say about this theme of the wisdom of the founders as we move towards independence day, we're going to have a special show on the subject, but this evening, i'll conclude with this thought. right-thinking people of all political stripes and colors have got to move us back toward the founders and their vision, and folks, that is a fight worth making. now, joining us to talk about this more continue the conversation, pelosi's new committee, blah blah blah, old friend of mine, back in congress where he belongs congressman darrel issa that is where he

belongs if he isn't governor of california. it is wonderful to see you, and i'll just toss this to you. i think it was a pretty rough week for mr. biden. he had socialism overseas, and then he comes home to this crazy nancy pelosi aoc committee on fairness and you know what it means. fairness, redistribution, marxism and socialism what do you think about this? will the republicans want to play with this committee? >> well i certainly hope we don't, because the reality is the redistribution is a re distribution to government and that's really what this is all about. look, i've never seen a re distribution plan that actually takes from the rich and gives to the poor, without it passing through government and government, their clues. our founding fathers had a common enemy and it was a king who owned everything and then doled out what you got to have and how you got to retain it, if you did the right thing for the king. this is exactly where they want

to get us back to. look, i'm thrilled that the speaker has grabbed millionaires and heiresses of billionaires and put them on a committee of socialists where they can talk about redistribut ing or if you will, anti-reagannism, because anti- reagannism is a fight i want to have. larry: you know, darryl, it just occurred to me while you were saying it, the columnist revolted with the declaration of independence against a crazy british king, but that form of monarchy was basically a form of socialism or communism, was it not? the king was all-powerful, the king and the royals took everything, and then the rest of it was, you know, crumbs on the plate. that was a socialist system wasn't it? >> it was totally a socialist system and of course, you didn't really own land unless you were a royal, but you got to work it for them, and of course upon your death, they would decide

whether your children had the opportunity to work it for next generation or they would give it to somebody else. we really are having a fight that our founders would have loved to have had, you know, i've got to tell you. the fact is i left the army in 1980, with a 67 carmen guilla, no suit of any sort, and unless you count an army uniform and a pregnant wife. the fact is the reagan revolution was all about going from the failures of several presidents and several administrations to an opportunity to build wealth, and many of the corporations, the democrats hate the most, can trace their roots back to the success of the 80s and a flatter , fairer tax, something that of course they are about to destroy completely if they get this tax bill through. larry: well i just think that i suppose it's ironic or maybe independence coincidental, so biden goes overseas to the g-7,

you know, here is a lot of stuff about social democracy and social spending and removing american sovereignty, the exact reverse of trump's america first , the exact reverse, and then he comes home to this pelosi committee. look, you're very successful. by the way, that army suit you had must have been made in america, right? we believe that. >> not only was it, it was made in america, and this is made in america too. larry: [laughter] i can afford an italian suit, i choose not to wear one. larry: i know you can, to your great credit but really, it's like biden's getting it from both sides of the ocean, both sides of the pond, and that is not a good thing, and i guess what i want is to, in the next few weeks, moving towards july 4th. you may have some crucial votes in the house or you may not, but i want to get back to the

founders, i'm sort of setting the founders as my benchmark. you quoted reagan, of course i love the guy, i worked for him when sigh was a kid. most of donald trump's policies were free enterprise, low tax, minimal regulations, very reagan -esque-type policies fair trade and so forth. i want to march back to the founders and marshall support for the founder's wisdom and darrel issa it's not a coincidence or maybe a fabulous historical coincidence that adam smith wrote the "wealth of nations" in 1776 which is when we signed the declaration of independence. we got to fight for that this is a game worth fighting. >> it is, it is, and i think one of the most important things you're doing it with your medium , but every member of congress, right-minded member if you will, and everyone out there , this is a great opportunity leading up to 4th of july. write, publish and talk about the freedom the private ownership has given us. you know, anyone can look at all of the federal lands, even today

, and what you're going to see is comparatively non- productive lands. it's only when they get transferred into private hands that they become extremely productive. as you know, our oil independence under obama and then under trump occurred because of exploration in private hands and in fact, it went down in public hands. if we give government the ability to own your assets, they will manage them poorly, and we will share poverty rather than sharing the wealth of a nation that continues to be the envy of the world. you know, we have a crisis at our border today, not because of what people are fleeing, but because of what people are coming to. people are coming to america because we're not yet a failed state, but if they have their way, if aoc has their way, we will have the same policies that have made europe an under achiever and other countries around the world non- achievers and that's really what the 4th of july should be about is about that freedom,

freedom to succeed, freedom to fail, and get backup and succeed a second time if you don't succeed the first time. thomas jefferson was born with wealth and died in poverty. that was something that could happen to a founding father, well, in fact, you know, washington and adams were much better businessmen. that should be a lesson to all of us that our founding fathers understood it. larry: you know, this version of progressivism, which i think is different than teddy roosevelt and woodrow wilson at the turn of the last century, not necessarily my favorite presidents on that but i'm just saying this form of progressiv ism, far left, is really more akin to socialism and it's really, darrel issa, it's not about growth it's about redistributionism, and more than that -- >> redistribution to the government and then eventually trickle down to those who they see as worthy but never forget

they are redistributing to government first and then the chosen second. larry: but i think that there is an animical feeling against the private sector and it runs deep. i see it and hear it and read it all the time. just like this statement that they made for this committee, if i can pull it out real quick. hold on one second, because it really is, it's quite revealing. yeah, the liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than the democratic state itself. that's nonsense. i mean, the ranking, you know, in the declaration of independence was creator, people , and then government report to the people. the people derive from the crea tor, and the whole system is based on private

enterprise. this is a pro version of the whole philosophy, darrel issa. >> oh, absolutely and let's remember that the voting base in america, thank goodness, they're not the super rich, but they are people who appreciate that it takes capital to create jobs and most people that are voting recognize that capital put to work benefits them, and they're not trying to redistribute it to themselves so we could all enjoy equal poverty. you know, one of the things that's a guarantee and i've seen it in zimbabwe and other countries where they've re distributed large land holdings and other assets is everybody has a little bit of something that's not big enough to produce, and it's only through bringing it back together where you do have enough to produce sufficiently that countries can succeed and we know that all over the world, to be honest, the people who are offering these solutions, they know it too, but they're not really trying to redistribute wealth. they're trying to grab power for

government because they are the government. at some point, you have to be in government, but before the people and that's really what i think the message for 4th of july is, hold your elected officials to represent you, not big business, but also, not big government, and big government is a much bigger threat to our well being than big business ever will be. larry: drain the swamp, drain the swamp wherever it maybe. darrel issa, wonderful to see you again. welcome back to congress. >> good seeing you larry. larry: folks coming up, very rocky stocks finishing down sharply today. jim bullard's comments rather hawkish from the st. louis fed. commodity prices are starting to tank again, inflation fears are declining. we'll see about making some money with our old pal jim iuorio. he's a commodity expert among other things. i'm kudlow, we'll be right back.

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deleting it. so break free from the big three. xfinity internet customers, take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes it easy to switch and save hundreds. larry: big downdraft, big sell-off in stocks today and commodities including gold, the dollar islu higher, it's a risk-off kind of trade.

jill bullard, st. louis fed thinks the fed target rate will go up next year and not wait until 2023. nobody better to talk 3. about all of this than jim iuorio, tjm services director and of course chicago's most prominent restauranteur. mr. iuorio was just checking in with my buddy conrad dequatros, the quotes. of there's big double-digit losses now the commodity thing is at leastt cooling down if it's not over. sarbanes down double-digit, corn down double-digits, copper down double-digits, lumber down major double-digits. oil is kind of flat, holding the high ground. the dollar is up and also, 10 year notes under 150 if i'm not mistaking and the so-called inflation expectations 10 year break en has come down about another 15-20 basis points. what's going on here, mr. iuorio >> well, even a week ago, you know, remember that there wasn't a question about whether or not

there wasas inflation. the question was how long was the fed going to either pretend they didn't see inflation or at least see inflation and, i mean, not see inflation at all, so the pattern has been when they say something like yesterday in the minute minutes, then the next speaker that came out would try to walk it back a little bit. we didn't see that all from james bullard. he doubled down ajiar little biy now you mentioned a lot of things are getting knocked off, were the absolute high fliers, crude is still by far the most important global commodity and that stayed with a little bit of a bid as well and i don't think the market is looking saying gosh, we can't handle a quarter or 50 basis points hike 18 months from now. whatat they are saying is the fd has now acknowledged that this can't go on a forever and that's somewhat of a big deal. larry: well, look i don't know if we could put the picture up, but the bloomberg commodity index, you know, all right it's not ready, but it did jump up

but the jump up in that index was far less than prior jumps, so justt want to make that poin, but it looks, stocks got clobber ed today i think they finished at the lows or very near the lows so stocks had a bad week. stocks have been sloppy for weeks now the rapid rise in stocks has been halted at least for the time being. it just seems to me, jimmy, what the fed said, what jay powell sasaid as you say, they didn't back off, bullard doubled up on it somethings changed in the environment, in the atmosphere, and i hate that word expectations. it's so overused but something has changed with respect to investor sentiment and trading. >> no, and it has to. so far, we were trading on a lot of things and one of them was the euphoria of the reopening trade that absolutely exists but the other two things that were important was that the fed was going to be ultra accommodative and a government that was going to keep spending now we're ndtaking one of those things out

the fed is still accommodative but not as bliss fully and blindly accommodative as we thought before but the federal government is not going to stop printing money and spending money. i thought it was comical there was people talking today about is deflation the worry? are you kidding me? they are talking about creating another $6 trillion and they still haven't talked about raising taxes which thank god they haven't but the notion of deflation, to me, is completely absurd. larry: know, i don't want to get into deflation, but i want to ask you serious investment question. how long will this downward commodity momentum go? because you're now seeing it across-the-board. when gold capitulates that's very important so you've got the precious metals, and you've got the farms, and you've got the industrials. we'll wait on oil, but are we going to look for another 10 or 15% commodity drop? >> no, i think the bulk of it is over. remember that the real real high fliers like lumber that was going, lumber had to correct and

it had to correct aggressively in a terrifying manner and it has, for the most but i think a lot o of that move is over. again, the nasdaq, by the way we haven't t mentioned this at all. the nasdaq is barely off but a couple percent, and still above what i think are critical highs that it just put in several days ago, so the nasdaq is holding in because they don't think there's going to be inflation and rates aren't going to go up as much particularly on the longer end than the nasdaq feels fine. i think the stock market, as measured by the s&p, could trade down to about 8% off, but the fact that we haven't broke all that hard and we're still not that, i mean, we're at level s we traded at two weeks ago on the s&p means that the market was a little bit ready for this , and we seen particularly james bullard speaking today it was a few short year ago in august where they were talking about okay, we got to raise rates, the stock market broke 8% in the next two days and he gave a speech that said yeah, the situation has changed quite a bit so i think they are t terrified of things collapsing but i think i love the fact that some of those

commodities got knocked down 45%. they were ridiculous. larry: well bullard is a veryi smart guy but profits are still very strong so you may get your correction, but i think profits are stillhi strong in the econoy is still very very strong, so there's got to be a cushion some place. i'm just trying to say to folks out there that as a professional , you know, corrections come and go. i believe you think this is all quite healthy, and i would think so too, but the fundamentals to use an overused word profits. profits still look pretty good don't they? >> there's no doubt but there's something else that's fundamental that's ugly. people start talking about a tight labor market so of course there's a tight labor market because the government is standing in the way of labor having the move that it's supposed to have. yes, i think this is a correction. i think that it was absolutely going to happen the moment the tfed said they weren't as wildly doveish as they were before, so yeah of course. this is to me all, i mean i wish i would have played it ahead of

time and know they were going to say it on wednesday and i didn't , but this , to me is absolutely fine, like you said. larry: jim iuorio, thanks for orthe wrap up, terrific stuff. up next on kudlow folks, meet the law, mr. president. meet the law, mr. president. that was kim m strassel's commet today, the biden administration facing a whole lotn of lawsuits you can't change the laws. we're going to have someone who is crusading to keep law and order, stephen miller, migrate pal, we'llmi be right back. rig. the lexus es. every curve, every innovation, every feeling. a product of mastery. get 0.9% apr financing on the 2021 es 350. experience amazing at your lexus dealer. new projects means new project managers. get 0.9% apr financing on the 2021 es 350. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database.

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narrator: covid-19 has changed how we show up and show out with our family. now it's time to take the first step that lets us get back to talking smack with a side of mac and cheese. before we can safely come together, we need the facts.

as covid-19 vaccines become available, you may have questions. man 1: should i get it? man 2: is it safe? woman: should i wait? narrator: it's smart to question. now get the facts at getvaccineanswers.org so you can make an informed decision when vaccines are available to you. this is bob minetti and his wife wendy. in 2016, he was diagnosed with pancreatic cancer. bob participated in a clinical trial that included cutting-edge radiation therapy and surgery.

he's been in remission since completion. i am so glad i learned what was possible for me stand up to cancer and lustgarten foundation are working together to make every person diagnosed with pancreatic cancer a long-term survivor. visit pancreatic cancer collective.org. larry: well, i fought the law and the law won, or meet the law, mr. president. judges starting to block the biden administration's over reaching executive order record joining us now to discuss a leader in this movement our great pal stephen miller former senior white house advisor and founder of america first legal, getting some great press in

various columns and articles, steve miller. youle were, your group, america first, you were instrumental, i take it, in operating or helping overturn this crazy relief law where color barriers to covid relief or restauranteurs and farmers, whites need not apply, judges overturning that actually two judges. were you engaged in that too, steve? >> yes, that was in fact one of our big signature victories that we're extremely proud of, and as a result of that, we have fundamentally defended the idea of i civil rights in america, te basic principles that mlk put forward, to judge people based on their character and not their skin color and that unfortunately that principle, larry is under assault like never before. larry: you're right about that are there other areas on the horizon, you know, i love it when you talked about mlk, people forget martin luther king , people forget how he wanted progress, you know, based

on your character, not your color. i mean, golly, it's so important these days. any other of these racially- based laws that you're seeking to overturn, steve? >> yes, so we're also seeking a preliminary injunction in the u sda case where the department ofsd agriculture has explicit racial barriers to being eligible for debt relief. and again when i say we haven't seen like this before, i mean, of course in recent times, larry , since after the success of the civil rights movement, this country came together and acknowledged that racism is wrong, that discrimination is wrong, that bigotry and prejudice have no place in our society, that we must live up to our core ideal that all men are created equal and now we have this new movement on the hard left that seeks to go backwards and dismantle that, and so our core, where that fight has to be waged, but we're also working with attorneys general to fight executive overreach in all forms and in all places.

larry: kim strassel is talking about also let's see , try to overturn a biden executive order ththat dictates a social cost of carbon, so that's a carbon tax basically. i don't know if you're working on that, and then the other one, steve, was the administrative action i guess the treasury department andur maybe the covid relief act of last winter states cannot cut taxes. are you engaged in those? >> no, so i'm not working either of those but i am cheering on our state attorneys general with whom i'm very close and i know all of the a.g.'s fighting these lawsuits including the incredible jeff landry in louisiana, whose a good friend of mine, and whose truly doing yomen's work fighting this executive over reach. we are working. with the incredible ken paxton in texas to fight the catch and release policies on the border. we also have a lawsuit against the eeoc which is the equal employment opportunityty commission, which is just issued

transgender guidance, which does not include any first amendment religious liberty exemptions and of course we see all the time how people of conscience in this country who have deeply held religious beliefs aren't able to practice those beliefs in fact we just saw a big supreme court case on this so our group is fighting on all these fronts and state a.g.'s are also in coordination with groups like mine pushing forward against this unlawful overreach. larry: steve were you at all surprised that the supremes let the obamacare stand didn't givee the texas lawsuit any standing, were you surprised at that? >> i am not surprised, only saddened. i will say this , i am associat ing myself with justice alito and his descents in this case and what he described is this very sad and tortured trilogy of obamacare rulings but i'll make a very important tactical point, which is that in the past, in my view, if i maybe so humble as to

suggest, conservatives have made the mistake tactically speaking when fighting executive over reach to only do this big game trophy hunting. in other words just the very big cases we're going to fight to take out obamacare, and the problem is four to six years later when you lose, you have nothing to show for it. we need to take on all the fights, small and large, becausege cumulatively, they all matter, so what you see now is a new mindset, among our state a. g.'s andh with my organization out there saying no we're going to fight everything that's illegal, we're going to take everyone we can get to try to slow down this unconstitutional behemeth. larry: boy you're right actually, you and i, we argued to stay with the texas thing. we knew we would probably lose it but we still argued to make a point. i don't thinked there's any othr way to do it but your other point is yest go after the singe shots and you'll make, you'll change the way, so this thing is called the america first legal, stephen miller, is the head of

it, and you've got i didn't realize you coralled meadows, okay, you got my pal russel vaun in there, great american, matt whitaker also another great american on your board of directors, and keep it up. it's great stuff. >> we've got an all-star cast, go to aslegal.org to find out more but we're going to fight for our constitution every single day. larry: terrific stuff steve miller. thanks very very much next up on kudlow,, a hardline protege of supreme leader leads in iran's presidential election, don't you love this we need a deal with iran like we need five holes in our head. there is no such thing as a moderate iranian leader. come on john kerry. we'll be right back with kelly craft former u.n. ambassador. cr. ♪ na na na na ♪ na na na na...

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larry: soo the iranian electin so-called is not quite over officially, but abraham rieci is the likely winner of this thing, and just editorialize real quick , there are no moderates in iran. so let's bring in former u.n. ambassador kelly craft, great friend. you know, kellyly craft, first f all thank you for this. the idea that if we did a new iranian nuclear deal, giving them money, removing the sanctions, letting them sell oil, of course they will never let the inspectors in but that deal would somehow strength en the moderates is one of the stupidest things i ever heard in my life, based on experience, ambassador, there are no moderates in the ruling class. the place is run right, it's run but it's r really run by the revolutionary guard, a bunch of terrorists and killers. rswhat say you?

>> well, i have to say, larry first of all thanks for having me on and i spoke to the iranian international tv on wednesday, just talking about the same subject, that the supreme leader is the one who decides who the candidates, the guardian council actually disqualified any candidate that would have seen the least bit moderate, and as we know, the irgc runs their economy, you can look no further than the currency to see how that has been devalued, and i think we have the idea of the first round of the election, 4:00 a.m. our time, noon their time, and as you well know, we whave got four options here. rieci, who has been, who is kind of the chosen one to be the b president, either he will win the majority or we will have a runoff meaning he will not win the majority or there could be someone else which is highly unlikely and you know, i think something we know for certain is there will be protest and i hope that the biden administration is

really thinking about what signal are we sending to the iranians, what signal are we sending to the regime, because for some reason, they have about 300,000 police all overut the pl ing places, you know, most of the areas monitoring this election, because there's something that they're concerned about, and we all know that the way they respond to protests are bullets. larry: but ambassador, okay i'm sure you're going to be right. that was true years back when they had a million people in the streets, but ambassador craft, i think the message we're sending to iran is we don't, we hethe united states, we don't really care who runs your country. we are determined to make a deal with you, i guess because the europeans want a deal, or because john kerry, the most mistaken judgment guy in washington d.c. has suddenly made biden stay in this path. this guy is a thug, he hates moderates, he hates israel, he

hates the united states, and actually, ambassador, they don't really run iran. it's through evolutionary guard that runs iran. like the red army, and they are a bunch of terrorists, and in other words, it is insane, to me , to think that the argument we should make a deal with iran because it'll strengthen the moderates, that is an insane ly stupid argument. >> well you know, this presumed president, yous know, in 1988 e oversaw, he's noted as the executioner can you imagine that? and he oversaw over 5,000, the execution of 5,000 political prisoners and the one that we're most familiar with is the young wrestler that he oversaw the hanging of last year , so if you just, you know, whatno bothers me the most is tt here we are, allowing the world 's state sponsor of the ofrgest state sponsor terrorism to have nuclear capability, we do not want

proliferation anywhere, much less to a country that we know is the largest state sponsor of terrorism and that is only going to cause an uproar in the middle east for everyone to want to be nuclear and the way i see this is that you're right this election doesn't matter. what matters is the fact that the supreme leader wants to continue his autocratic grip on this country, and i think the people need to be asking questions. you know, what are we seeing in return for any transaction whether it be jcpoa or whether it be sending oil and/or arms to venezuela for a transaction, you know, what's their lifestyle like now? larry: i mean, we're almost out of time, but you know, kelly , i don't see how anybody can make any arguments for a deal. i just don't see it, and this argument that we're going to "help the moderates" which you and i have heard a million times from this gang running this and john kerry is in this ,

come on! these aren't moderates these are thugs and killers and terrorists anyway, you're the ambassador. >> well you know, larry all we need to do is we need to look at the whole middle east and wherever there's conflict and blood shed all of this goes right back to iran and their proxy. there are no moderates and if there was one they aren't going to be, they won't be after this. larry: and the current administration has another goale too, it's really pathetic. they wantc to overturn every god thing donald trump did. mpi hate to say it but that sees to be their goal. ambassador kelly craft, we thank you, ma'am, former u.n. ambassador kelly craft. thanks again for your wisdom appreciate it. coming up next on kudlow, the wall street journals race on riley, i want to talk to jason riley about one of my heros, his new book, on the great african american economist thomas sowell you got to hear this. stay right here, we're going to stay right here, we're going to talk about stay restless, with the icon that does the same.

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networks. jason, why did you decide to write maverick about thomas sowell? >> well, for the obvious reason , that he's a first-rate thinker, larry, and no ones ever written a biography about him so that was the first reason to do it. the other reason was that i think it's tragic, really, that names like nicole hannah jones, and ebrham kendy and cornell west are better known than thomas sowell. he's a first rate thinker and his scholarship runs circles around theres, maybe around all of there's put together and yet they are better known and it's not just how broad his research has been, his scholarship has been but the rigor and depth of his thinking is something that i think is not matched by those individuals and i wanted more people to know whose thomas sowell is and if you already know who he is i was hoping you'd be more interested in what he said over the decades because many of the things he's talked about in research we're still talking about today from social

justice to affirmative action to school choice to slavery, he's covered all that larry. larry: discrimination fails, m arxism fails he's a very strong opponent of affirmative action down through the years and he was really a just call him a free market devotee. people need to know and remember him, and you know, we worked a lot with senator tim cotton his fabulous speech, you know, six or seven weeks ago, which is very very much like thomas sowell. we've obviously worked a lot with ben carson, but sowell as an economist does it the way nobody else has done it. glenn lurie maybe is somebody else we could compare him to and a couple of others. >> yeah, tom is noted for his accessibility, larry. he is someone who writes in plain english and for general interest, readers and audiences, and people really appreciate that.

he's extremely learned, but he doesn't spend all of his time talking to his peers in the academy. most of his books which are not about race are really about economic, economic history, a social theory and so fourth but they are written in plain english for the average person and a lot of people appreciate that. larry: i'd love to talk economic history with tom sowell it's more important than multi multi-variant econometric models , economic history what works and what didn't work. free markets work, marxism didn't work. that's why sowell is so great. he comes out of that chicago he comes out of that chicago ♪ welcome to allstate, ♪ ♪are you down, d-d-down, d-d-down, d-d-down♪ where we're driving down the cost of insurance. ♪ ♪ are you down, down♪ ♪d-down, down? are you♪

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to protect them and their threatened natural habitats. see how you can help animals and people thrive together at joinifaw.org. >> larry: african american free market thomas sowell, read jason ri president joe biden offered reese in $100 million in military aid to ukraine before his meeting with vladimir putin. president biden had greenlighted russians north stream pipeline is a debate. what ossie did russia get? joining us tonight, jason smith and devin nunes charlie from washington times. from acting director. follow-up from five