tv Kudlow FOX Business September 11, 2023 4:00pm-5:00pm EDT
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look under the hood. it is not just buying the apples and googles of the world, it is companies affected in their bottom line and their profitability and their growth through a.i. and there are a whole bunch of choices. liz: tom you always got choices, you always give us names. thank you. it is great to have you tom. >> great seeing you, liz. liz: you got it. look at the dow up the third day in a row looks to gain 78 points. speaking of innovation, 23andme ceo is joining us live tomorrow in a fox business exclusive. of course we'll be all over the apple wonder lust event and all the stock reaction. [closing bell rings] that will do it for the claman county down. here we go with a gain for the russell, s&p and transports. larry is next for "kudlow".
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david: welcome to "kudlow." i'm david asman in for larry kudlow. today marks the 23rd anniversary of 9/11 where 33,000 people lives. our heart goes out to all the victims families and first-responders who lost their lives today. vice president kamala harris was at ground zero in new york city but where was president biden? right now he is about four thousand miles away in anchorage, alaska, making him the first u.s. president in 22 years neither to spend the day at an attack site or the white house. the decision sparked a tremendous backlash. president is expected to make remarks about 9/11 later this hour in anchorage. jacqui heinrich is live at the white house with more. hi, jacqui. david, this marks the first year an american president was not on u.s. soil as the names of victims were read aloud at the
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9/11 site, the memorial site at new york city. air force one was still in route back from vietnam that happened this morning. the president making his way back from his trip to india and vietnam. vice president harris as you mentioned did attend the memorial in new york city. soon the president will be meeting with those military families in alaska. it is unclear if any of those families were personally affected by this tragedy. the white house previously defended biden's decision not to attend observances in 9/11 sites in new york city, virginia, and pennsylvania. they marked about 2015. one of them told piecer doocy, 22 years after pearl harbor, presidents with not visiting pearl harbor on that anniversary? >> president will mark the anniversary of september 11th attacks this year in alaska as you mentioned with servicemembers and their
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families and as he does every year, as he has done every year, he plans to honor the lives lost and the families and loved ones still feel the pain of the terrible day. this is something he feels is very important to do. >> reporter: first lady jill biden will head to the pentagon memorial for a wreath laying this hour and the president's cabinet members including the secretary of defense also participated in observances. homeland security secretary alejandro mayorkas reflected how his agency evolved since it was created in the aftermath of 9/11. we expect to hear the president address the families and troops shortly. he will not return to the white house until a little after midnight tonight, david. larry: jacqui heinrich, thank you very much. let's bring in mark simone, wor radio show host and 2023 radio hall of fame nominee, john catsimatidis, owner of wabc radio, author of how far do you
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want to go, lessons from a common sense billionaire. john, let me go to you first? what do you make of this? the push back was so hard to make comments in alaska, to be so far away from the attack sites since knife len 9/11 what are you thoughts. >> it is a mistake. he is in alaska cut being back on oil reserves. right now russia is cutting back. opec nations are cutting back. brent is up to $90 a barrel. you know what he is doing? he is is raising the prices even more. doesn't make any sense at all, and the fact is it is coasting the average american money at gasoline pump, food. a trillion dollars has moved over from the united states and
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canada over to russia and to the opec nations and what is russia using it for? they're using the price increases in oil, they're making a billion dollars a day on oil that we raise the price, cause the fossil fuel price to go up, they're using that billion dollars a day to attack the ukraine and wage war in the ukraine and now they're also using that money against the african nations, seven african nations old wagner group went after, which is subsidiary of putin's hit squad and i renamed them. it is now going to be called the russian foreign legion under putin. david: mark, i want to bring it back to 9/11 though because the idea of him not being here, some people even conservatives marc thiessen said earlier in the day, considering how the mess he made of natural
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disasters and of course this was a man-made disaster, but natural disasters talking about this little fire he had in his kitchen and making the situation much worse than it had to be at least he wouldn't be making a flub like that but he still represents the office of the presidency of the united states and he needs, that office has to be respected by him being here or at one of the attack sites, no? >> yeah. but he has a real problem with grieving families. it is not just maui but with the afghanistan families, the gold star families. got caught looking at his watch. iraq gold star families, he lied to them about his son dying in iraq. maui, whenever there is grieving families he makes a fool out of himself and offends them in the process. if it were january 6th anniversary he would have made 14 speeches already. a lot of officials down there were kind of offended standing next to kamala harris and mayorkas who left the border wide open. why would you frisk anybody at
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an airport when the whole southern border is wide open, millions are crossing. look at video, they have bags, suitcases. we don't know what's in them. david: john, they made a reference to pearl harbor, an excuse for him not being here, after 22 years of pearl harbor, pearl harbor was a military attack, it was horrible, infamy, this was an attack on civilians, the commercial center of the united states. it was specifically meant to knock out businesses in the united states. to attack civilians directly, i think that makes 9/11 different from pearl harbor, don't you? >> yes, 9/11 is wray different from pearl harbor. it is an attack on american soil in new york city which is the headquarters of the world at one time and, right now, it is going to happen again. what is going on with the border. we're letting in all these people. we don't know who is coming in and the problem is, we're
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letting in terrorists, we're letting in drug dealers, we're letting in people, venezuela emptying out hospitals sending them in new york. they're emptying out people in south america all over the place in hospitals that have aids, sending them to new york saying to them, go to new york and get cured. god forbid they have sex with our gay friends in new york, they will get aids. what is going on the border, me and mark simone were both involved not ellis island foundation. we helped run it with gazy. ellis island, we checked, everybody that came in, checked them for diseases, checked them they will be loyal to the united states of america and how can we allow these kids to go to our schools if they haven't been checked sitting next to our own kids? david: mark, i'm getting the sense that what biden
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administration, what president biden specifically was hoping to do by going to alaska again talking up his green agenda, making the wheel issue of climate change most existential threat. he said it is worse than anything else including nuclear war when that was suggested. i have just don't think americans are buying it. i think finally somebody woke up in the white house when they saw all the pushback even from some liberal friends of this, the idea to minimize by some definition what happened in 9/11 was just not going over even in the white house but took them so damn long, right up until day they still didn't get it. >> you remember, hawaii was not a state. pearl harbor was not american soil when it was attacked. totally different. the problem with biden, when you look at 9/11 footage, rudy giuliani was greatest mayor ever, george pataki
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extraordinary governor, compare that to today's weak leadership it is frightening. i don't know how we can continue to unless we get real leaders back. david: jon, look back to 9/11, you are a great businessman in this fine city and put food on people as tables and provide oil for their furnaces as well. we came back despite the worst fears. everybody said real estate would be devastated for decades. it came back, not right away, but relatively quickly. the stores came back, people got out and the unity of new yorkers who are not known for being flag wafers, come back of new york is great. might be harder to come back from the devastation of our leaders than what foreigners did 22 years ago? >> it will be hard to come back this time. i said to mayor adams which have to control what's going on.
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new york city is out of control. i think mayor adams finally realizes it. i suggested we should take them all, inconvenience, why hurt the american, new yorkers, send them to rikers island and guess what? put up tents on rikers island. put up, rename rikers eye lend ellis island ii and let's check these people for diseases, check them out to make sure they can live among civilized people and make sure they're loyal to the united states of america. david: how did again, going back to 9/11, how did we come back so quickly? >> it was a different situation, completely different. i'm concerned, streets of manhattan are busy on tuesdays, wednesdays, thursdays, mondays and fridays nobody is around. we have to go back to the five-day work week. congestion pricing. we have one nail in the coffin right now.
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with congestion pricing guess what, overmoney. we'll put a second nail in the coffin. i'm concerned for new york city. i'm concerned for our way of life. they're trying to change our way of life. in our days we had liberals but liberals cared about new yorkers. they cared about poor new yorkers. these are not liberals. these are socialists and they are intimidating the common sense democrats. the common sense democrats, and there is a lot of them, are afraid because they're being intimidated by the socialists that are trying to change our way of life. david: mark, after 9/11, there was this unity that americans had and you didn't hear liberal, conservative, democrat, republican. you heard citizen, i'm a citizen of the united states. i'm prod to be so. everybody had a flag out their window if they could. the bottom line is you wonder whether we have become so divided we're not going to see
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that again in our lifetime or will we? is there finally the point at which there is pushback? we saw pushback against biden. he has got to speak about 9/11 today. maybe he wasn't manning to but he has to right now, has the american public reached the limit of this sort of anti-americannism we've seen in the past couple years. >> it could be. the big difference we lost the media completely. mainstream media totally corrupted. that is where pushback used to come from. that is the checks and balances if an administration did something a little crazy they would be all over them. without the american media staying on top of that, pushing back, being checks and balances you basically have one party rule because they can do whatever they want and the media won't go after them. david: john, mark, great to see you both. congress is back in session so what is the state of the biden impeachment inquiry? we'll ask judiciary chair jim jordan. don't forget fox business will be hosting the second republican
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♪. david: so what's the state of the biden impeachment inquiry? we'll be asking ohio congressman jim jordan who joins us now, chair of the house judiciary committee, but, congressman, first, it is 9/11 and i have to ask about the president not being at any of the attack sites for the 9/11 memorial. >> yeah. david: what do you make of that? >> well, it is his call but i don't, frankly i don't understand it. you would think the commander-in-chief, or something that was this tragic happened to our country would be there, but i choose to focus today, david, the people who responded in that moment, firemen, police officers, first-responders and of course the families who lost loved ones that day, people responding and folks in the building doing their work. of course we don't want to forget the men and women who served in our military who have
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given so much over the years to deal with the terrorist threat. i would focus on that. i would hope the president would be there, but it is his call. david: i had to work on 9/11. my wife had to pick up our daughter at school, she was nine years old, the emotions came out. my son joined the marine corps two years earlier, we asked the daughter what the problem was, i don't want to be only child. she knew, she knew at that young age he would be going to war indeed he did as were tens of thousands of americans. >> oh, yeah. david: it is so recent and it is so many americans were vested in this whole conflict, i just think it is a terrible oversight on the president's part. go ahead. >> well certainly, that is personal for you but with your son serving our country but it is one of those moments where we all remember where we were. i remember i just got elected to the state senate a few months before that and was driving to columbus, ohio, to the
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statehouse. polly called me, my goodness, what is going on? yeah, it is one of those huge moments in the nation's history, i remember my parents talking about when president kennedy was assassinated. my mom and dad you remembered exactly where you were when you heard the news and this was one of those tragic moments in our country's history. david: all right, let's get to the biden inquiry or to the various investigations that might lead to an inquiry. i have a very simple question to start with, all you have gathered so far, not only you but mr. comer, is there more evidence for a biden impeachment inquiry than there was for the trump impeachment inquiry, his first impeachment inquiry? >> of course, 10% for the big guy, 50% for dad, you keep -- 170 now suspicious activity reports, 20 companies, multiple bidens getting paid, dinners, phone calls, meetings, you can
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just keep going, a big meeting that took place in dubai where devon archer who testified in front of our committee said the brand was joe biden, that was the biden brand, that devon archer and hunter biden are in dubai meeting with executives of burisma. a call made to d.c., i don't know who it was but i stepped away. called to take pressure off burisma, five days later, vice president biden went to a crain to get the pressure of burisma, take the prosecutor off burisma. there were many more, they have been piling up and that's why the speaker is lear, if we need to go to inquiry phase, once you do that, if you do that, there is formal vote of the house of representatives, there is majority vote on a resolution, this is a fundamental objective, fundamental task only the house has. the impeachment whole issue, constitutional task the house
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has. if there is inevitable conflict between the congress and the executive branch on getting information and getting people in for depositions the courts tend to side with us because we're exercising what could be a constitutional duty. that singular to the house of representatives, so that is the reason you do it, if the facts and evidence point under the circumstances there and it sure looks like where the facts and evidence are taking us. david: let's go back further than just the trump impeachment. let's about back to the nixon inquiry, it really wasn't begun, he resigned before it got to that stage but the fact is a lot of the evidence against nixon involved obstruction of justice. it wasn't necessarily the, the bigger issue than the crime is the coverup. what we're now learning what david weiss did in terms of the irs whistle-blowers in terms of others warding people off from drawing that link between hunter biden's business and joe biden -- >> yeah. david: is that an aspect of the inquiry that needs to be taken
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too? will obstruction of justice, if there is an inquiry be part of that investigation as well? >> we certainly have to look into this david weiss situation. david weiss ran a four 1/2 year investigation where they tipped off the defense counsel looking to do a search wanter, where they told the transition team they were interested interviewing hunter biden. where david wyss told us three different things this summer in two letters to the judiciary committee and a third letter to senator graham and said three different things in a matter of 33 days, that david weiss who provided over all of that, put together the sweetheart deal that the judge declined to accept, that's at guy who the u.s. attorney, excuse me, the attorney general, merrick garland, that's the guy who they make special counsel of occur we have to look into that because here is a special counsel who it looks like is designed to protect president biden, meanwhile you have jack smith who is attacking president trump. that is a huge problem i think anyone with common sense can
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see. david: and, correct me if i'm wrong, but aren't you looking into whether or not jack smith, the special counsel looking into trump, actually threatened a trump defense lawyer? what is the detail of that? >> yeah, mr. woodward who was called to the department of justice, jay brown who works for jack smith raised issue about potential judgeship mr. woodward was interested in, brought that up questioning mr. woodward who his client was president trump who they wanted to cooperate with him. mr. woodward filed a complaint. this happens in the broader context of the special counsel's team. this is truly scary. when you step back, david, look at the bigger picture, escalation, never forget the pad earn. they spied on a presidential campaign, bill barr said that they had the mueller investigation which was bogus and baloney. not jim jordan saying, that is what john durham said. then impeachment one, then impeachment two, they were it was naming a special counsel,
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then it was -- david: oh. >> for a conference, now they're talking the 14th amendment. and then we learned last week they were actually contemplating in georgia, fani willis was actually contemplating bringing an indictment against three united states senators, one of them was the top republican on the senate judiciary committee. this is how crazy it has gotten. you compare all that pattern with what david weiss has been up to the last four 1/2 years, that is where americans say, wow there are two standards here. david: congressman, we have got to run, i have to ask the question when will the inquiry begin? >> i think, i think the facts and the evidence are pointing to us in a pretty rapid way. we'll have to see. speaker has been clear. we'll be driven by constitution, facts and the evidence but i think they're beginning to pile up. i think that is where we should probably move. that is question for the whole conference. we just get back tomorrow. i'm sure they have the discussion. david: are we taking days,
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weeks, months? >> i think it is relatively soon. i don't know because we have to get the conference back. we've been gone for several weeks. we'll get them back together to have the discussion. david: jim jordan, great to see you, appreciate you being here. coming up, why are the bidens trying to use the world bank to spend billions around the world to counter klein? we'll ask former president of the word bank, david malpass. finally are democrats waking up to the risk of another biden term? we'll ask steve hilton, all when "kudlow" continues. ♪. ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪
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bank i think it is fair to say their primary concern is the developing world, right? is money really the bottom line of what they need? >> the situation is really difficult in the developing countries, so as you think about it what they need most is policies that can really promote growth in their countries. so if loans can help, that might be worth it. the question how do you make them effective, how do you get good outcomes for people? in the reagan administration, '84, '85, '86, i was involved as reagan thought about it, grants can really make a difference if they encourage a country in the right direction. so one of the things -- david: as a prod, kind of a prod? >> as an inducement and carrot. david: let me be absolutely blunt here because i was working for "the wall street journal." for 12 years i followed the money in these countries, in latin america, parts of eastern europe, whatever, so often the sticky fingers of corrupt leaders ended up with that money
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in their pockets or in swiss bank accounts and that's why you have to be so careful. a lot of these international bankers didn't seem to realize, or forgive me, i'm not implying you would, they might have been a part of the whole scheme. how do you get around for the tendency for the money not to go to people it is meant for? >> you try to have an actual measurement of the outcomes, in terms of does it benefit median income? does it help the country and the people actually get access to food, to fertilizer to, energy, things that farmers need to grow crops? that gets you straight into grants. how do you get enough concession laid in order to really make a difference? and it's true the world bank can do that but think of the size. we're talking about problems where you need hundreds of billions of dollars, trillions of dollars. the u.s. is the biggest contributor to the world bank which i welcomed and appreciated you but it is one billion dollars per year. so measuring that against the
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population growth in the developing countries, it is very hard to really, to really have enough impact on that. you need the private sector, you need the countries themselves to be fully engaged. i think you need a better environment, for growth in advanced economies. one of the big things that helped developing countries when fast growth is in the whole world. david: higher interest rates are not helping at all, right? >> because a lot of developing countries borrowed at floating rates including from china. this creates a big challenge for them, because so much their money, of earned money of the farmers is going out to pay loans that they took out years ago. david: quickly there, is another problem for farmers which is they can't get their hands on fertilizer. the developed nations are so hungry for fertilizer for the big, big corporate farms that there is not much left over for developing countries, is there? of course fertilizer we should
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mention comes from natural gas which is becoming depleted by a lot of green energy programs. >> so this is something that i'm afraid is going to go on for some years in the developing world because they have underfertilized last year and this year. so that means the crop yields going forward are down. fields need to be tended and used and that's been diverted because of the russia's invasion of ukraine. so you end up with less natural gas in europe. they buy it up from developing countries and there is enough being produced frankly as a whole. david: are we looking at starvation, mass starvation. >>? >> that is already malnutrition. people's protein intake was going down six months a year ago because of this specific problem. that means, as it gets worse it gets into famine situations in
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certain pockets but the bigger problem i think is stunting for children. you know that's when they don't get enough protein when they're young. so i think that combined with all the other needs that the countries are expected to meet, that getting into education, climate costs, the whole array. there is not enough money and it would be good if the advanced economies could put more in. that's where i get to this concessional aide but that will not solve the problem. the problem has to be solved through more growth by everybody and better policies to get -- david: growth is the solution in developing and developed countries, growth is the solution. david malpass, thank you very much, appreciate it. an appeals court in new orleans on friday that the biden administration violated the first amendment by pushing social media companies to censor covid information. edward lawrence is in washington with details on that, edward. >> reporter: the department of justice is reviewing this
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decision and examining the options possibly to go forward with this. this three-alexandria ocasio-cortez of appeals judges reaffirmedded lower court ruling white house, centers for disease control, the fbi, likely violated first amendment rights and also saying they cannot coerce social media platforms to remove content. missouri senator eric schmitt helped bring the case and today says the federal government is prohibited yet again with colluding with social media giants to censor free speech on line. senator schmitt said the governor has no business, zero business, in fact telling americans what they can see online. >> all of this now has been unmasked. you've got agencies across the board that were working directly with and coercing social media giants to censor americans and violate their first amendment rights and that's what this case represents, getting us back to the place where people can speak
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freely and openly without the threat of government censorship. >> reporter: former cdc director robert redfield says suppressing viewpoints stifles open debate which can affect the educated choice for americans health. >> i think it is unfortunate. i think it led to greater vaccine hesitancy. same thing i feel about vaccine mandates. i think we should have really confidence, not be afraid to debate issues we think are in the public's interest and just tell the public the truth. >> reporter: white house spokesperson telling me that the administration prompted or promoted what they think was responsible actions related to health and safety adding the president wants the companies to make independent decisions but the court was saying now and appeals court upheld that is not what was happening. back to you, david. david: all right, you are lawrence, edward lawrence appreciate it. joining us now, steve hilton fox news contributor. we should mention by the way, bottom right of your screen, you see the president he is not
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speaking in anchorage, a has -- alaska, steve and justly i think criticized big time not being at attack sites of 9/11, first president since 9/11 not to be there. he was presumably going to alaska to talk about the green energy plans and taking off some land that will be sable for drilling but because of the pushback he is primarily talking about 9/11, that is what we're hearing. earlier we have to point out one of the reasons his numbers are falling so disasterously is because of things like what we heard in hanoi when he spoke to the press. let me just play a clip of that and get your reaction. roll tape. president biden: there was a lot of lying dog-faced .sy soldiers out there about global warming. staff hasn't spoken -- i call on you. five questions, but i tell you what, i don't know about you, but i'm going to go to bed. it wasn't confrontational at
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all. >> thank you, everybody. thanks, everyone. president biden: thank you. thank you. ♪. david: steve, performances like that the reason his staff didn't want him to speak at a 9/11 event? >> what must the world think? what must they think when they see that? it is one thing, we're used to it here in a way sadly over the years he has been in the white house. he is doing these events and wanders off and shakes hands with imaginary people. in a way we got used to it, when he does it on world stage, that is not just embarassment for him and his party and embarassment for our country particularly on this day, when the world is thinking about america, we're all thinking about what america means. that who is representing us? who is how he is doing it? it is a absolutely appalling. david: the question comes about, will those performance we've seen be stronger in influence in
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the 2024 election than people's presumed fear of donald trump being president? >> there are two things going on. there is the complete absence of leadership, this vacuum in the white house clearly there. this person is clearly not in any capacity a leader of any kind but then on top of that, you've got the results. democrats are scratching their heads how come his poll numbers are so bad? he passed all this legislation. that is what they all say, if passing legislation is a goal in itself, actually means anything to anyone. no, results of the policies that matter on issue after issue. the results have been terrible, not just the performance, the results. look at economic news you covered all the time. real earnings are falling for longer period than recent memory and they're still under water. you have got the crime situation, border crisis, got energy. gas prices going up again, everything, what have they done that is good? david: one thing that links all
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the situations together, vacuum of leadership. >> yes. david: the united states is too big, too important, too much of an integral part of the entire world to have a vacuum of leadership at the top. if you do there is disaster not only internally but externally as well. >> everyone can feel that. that is why there is such a level of concern in the democratic party. but the problem is, there is nothing they can do about it, they're paralyzed. he won't budge. in the end very difficult to make him give up, say, sorry, i'm not running again. he is an incredibly vain and narcissistic individual. he, biden, has been plotting and scheming to get this job for over 50 years. that is all he ever wanted to do. not because he wants to achieve anything, he wants to be president. he told that to the parents of his first wife, on the first date practically. it is in a biography of him. luntarily so we're stuck with him. david: let's talk pure politics
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for a second here. you have big parties, democrats, republicans but they are not as big singly as 40% of independent voters in the country, many of hospital who have reluctance to vote for donald trump. they like his policies but don't particularly like him. will that reluctance be overcome by what they're seeing in the vacuum of leadership? >> i think it really will. you have a combination of that vacuum, people think, well, it wasn't that long ago trump was president, they remember what it was like. they remember the jobs. they remember the total reorientation of policy on china, on energy, on the border, and they felt better about things. all the polling shows that. despite all the lechertures from the media, everyone else how donald trump destroyed democracy, even when people are asked in these polls, how is the institution of the presidency? they feel it is weaker now than under trump. david: see it in personal lives. talk about the destruction of
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democracy, trump is accused of being apart of, what about the destruction of our inalienable rights? >> exactly. david: what about the destruction of our rights during the pandemic? what about just recently, the new mexican governor talking about getting rid in temporary form because of emergencies, getting rid of the first and second amendment? >> yeah. david: people don't want to lose their rights. they don't want rights to become privileges that can be taken away by leaders. the rights are unalienable and they are not supposed to be taken away. >> this is the central point, perhaps the reluctant trump voter is someone, obviously got his fans, the base will vote for him but the reluctant trump voter might be well someone who looks around, actually so many things in our society and our country are under threat from the far left. those things you listed. look what is going on in schools. the onward march of extremism you see, cultural extremism from the far left and their thinking
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we have to have someone to stand up to this. biden is not standing up to this, given into it controlled by activists on the far left. thinking donald trump is someone with the strength to stand up to this destruction of all the things that we really care about in our society. david: on local levels, whether it is dealing with a governor of new mexico or school boards or whatever it is, you do see this pushback and i feel like it is growing. >> yes. david: i don't think it has peaked. i think it continues to grow. by the way you even saw gun control advocates who were against the new mexico governor because of her going against of the constitution. >> exactly. so i think that people are realizing the far left had their own way for too long. you're seeing people rise up. you see it in california where i live. you see it across the country. people say no, you're going too fast, too far to the left. we've had enough of it. enough is enough. that i think is the mood going into this election.
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david: could we see california go republican? >> one day, i'm here to tell you it will. i'm working very hard to make it happen. david: steve hilton, good to see you. thank you very much, appreciate it. coming up next the irs wants to use a.i. to go after tax cheats. what could possibly go wrong with that? we'll ask art laugh officer -- laffer when "kudlow" continues. so you only pay for what you need. that's my boy. now you get out there, and you make us proud, huh? ♪ bye, uncle limu. ♪ stay off the freeways! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ >> tech: cracked windshield on your new car? bring it to safelite. my customer was enjoying her new car, when her windshield cracked. [gasp]
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♪. david: so there they go again, the irs wants another boost in federal funding in the help of artificial intelligence to go after tax cheats, do they really need it? we have joining us art laffer, former reagan economist and recipient of the presidential medal of freedom, and author of taxes have cone sequences and a great guy. wouldn't it be easier, cheaper, to get rid of all the deductions the biden family has taken advantage of or has in the past couple decades and go to a flat tax without any deductions? you could get more revenue,down-size the irs instead of supersizing it and end up with as much or more revenue? you. >> know, i thought you were going to give me the quote wouldn't it be far easier if the
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government through this population out, this economy out and elected a flue one, a new one the government can find complacent sheep like population paid their taxes and went. bah, bah let me if i can, david. just a couple points on this. the rich, once these irs agents are skilled, know how to do it, they will hire the very best of those irs agents to advise them this is what exactly morgan thal complained about in the 1930s when income tax rates were very, very high. the rich have the best people they can around the place by far. they have the best right now. now last thing here is, the rich know how to get around this because they're really highly sensitized, incentivized to get around it. they are the ones the irs is always after and when you think about it, if you were able to get them and corner them and slam them hard, these are the very people, david, that make our economy so much better than any other economy in the world.
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the rich are not just rich. these are the most productive, most, high-performing developers and incentivizers creators ever in the world. that is why america is the greatest nation on earth is because of these rich people. they are the reason for us being great. anything that would do to cause them to diminish their efforts will diminish the economy and diminish our prosperity for as far as the eye can see. that is my story, david, and i am going to stick to it. david: you stick to it. even if, if you buy this thing, slam the rich to get more tax revenue, listen to this, in july the irs was bragging they collected an extra $36 million, million with a m by the way, not a b, that is .00001% of our deficit. do you really have bragging rights for something like that all you get is 36 mil? >> you're missing the real point
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here, it cost $1.56 billion to collect that .001, was it, 23 million. they are the biggest losers in the world for the u.s. economy. they are the biggest losers in the budget. they train the rich not to produce goods but instead seek ways around the tax codes. that is not what you want. you want the rich to be pleased to pay taxes. low rate, broad-based gnat tax we all pay the same rate, every one voluntarilies agrees to pay what they properly owe, that is what you want. you don't want a society where one group is beating up on the other group, that makes no sense. no american is ever made better off when another american is pulled down. we're all made better off when everyone of us is better off. a rising tide that raises all boats. sorry for my lecturing but this -- david: so better off when we listen to mr. art laffer. no doubt about it. we have to leave it it at that,
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my friend. thank you very much. more "kudlow" straight ahead. stay with us the new dexcom g7 sends your glucose numbers to your phone and watch, so you can always see where you're heading, without fingersticks. dexcom g7 is the most accurate cgm. so, you can manage your diabetes with confidence. ♪ ♪ ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. ♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible.
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