tv Kudlow FOX Business September 12, 2023 5:00am-6:00am EDT
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r. the sunshine skyway bridge was the longest concrete cable stayed bridge in the world. it just resulted in having some iconographic power, the grandeur of the structure, the setting that it provides as a backdrop to the city was something that i was very proud of. you have open views of this extraordinary landscape. an icon for florida and other bridges that would follow the annual skyway ten runs over the sunshine skyway bridge to benefit the armed forces family foundation. the top of the bridge has seen its fair share of sweat. selfish and even a few proposals. ♪. david: hello, everyone, welcome to "kudlow," i'm david asman in
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for larry kudlow. today marks the 22nd anniversary of 9/11, the deadliest terrorist attack on u.s. soil where near 3,000 people lost their lives. our hearts go out to all the victims families and first-responders who lost their lives that day. vice president kamala harris was on the grand in new york city but where was president biden? right now he is 4,000 miles away in anchorage, alaska. this is the first u.s. president in 22 years to knot spend the day at an attack site or the white house. the incident sparked backlash, but the president is expected to make remarks later this hour from anchorage. we have jacqui heinrich live with more. hi, jacqui. >> reporter: david, this marks the first year an american president was not on u.s. soil as the names of the victims were read ahow at the 9/11 memorial
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site in new york city. air force one was still en route from vietnam. that happened this morning. as the president made his way back from the trip to india or h and vietnam. vice president harris attended the memorial in new york city. the soon the president will meet with military families in alaska. it is unclear whether any of those family was were personally affected by this tragedy. the white house previously defended president's decision not to attend attack sites. they pointed to 2014 and 2005, when president's obama and bush respectively marked the anniversary on the white house lawn. one official told my colleague peter doocy, 22 years after pearl harbor, u.s. presidents were not visiting hawaii on that anniversary. >> the president will mark the anniversary of september 11th attacks this year in alaska as you just mentioned with servicemembers
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and their families. as he has done every year, as he does every year, he plans to honor the lives lost and the families and loved ones still feel pain of the terrible day. this is something he feels is very important to do. >> reporter: first lady will biden will head to the pentagon memorial for a wreath-laying at this hour. the president's cabinet members including the secretary of defense participated in observances. homeland security secretary alejandro mayorkas reflected on how his agency's mission has evolved after it was created after 9/11. we expect the president to address the families, the troops, shortly. he will not return to the white house until a little after midnight tonight, david. david: jacqui heinrich, thank you he is much. for more let's bring in mark simone, wor radio show host and 2023 radio hall of fame nominee. john catsimatidis owner of wabc radio, and author of how far do
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you want to go, lessons from a common sense billionaire. john, to you first. what do you make of this? it was clear he would go to alaska because he just had a deal to cut off oil drilling an war, but the pushback he will make comment in alaska but to be so far away from attack sites after 9/11, what is your thought? >> i think it is a mistake and bigger mistake he is making. he is in a has can and make announcement that he will cut back oil reserves. right now, when russia is cutting back, opec nations are cutting back, and oil, brent is up to $90 a barrel, you know what he is doing? he is raising the prices even more! it doesn't make any sense at all and the fact is it is costing the average american money at the gasoline pump, at food. a trillion dollars has moved over from the united states and
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canada over to russia and to opec nations. 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 raised the price and because the fossil fuel price goes up they're using that billion dollars a day to attack the ukraine and to wage war in the ukraine and now they're also using that money against the african nations, seven african nations, the old wagner group went after which is a subsidiary of putin's hit squad and i renamed them. it's 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 nub 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, by him being here or at one of the attack sites, no? >> yeah, but he has a real problem with grieving families. not just maui but with the afghanistan families, the gold star families. got caught looking at his watch. iraq gold star families lied to them about his son died 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 he would have made 14 speeches already. officials were over fended sustaining next to kamala harris and mayorkas who left the border wide open. why would you frisk anybody at
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the airport when the whole southern airport is wide open. millions are crossing. look at video. they have all got bags, suitcases. we don't know what is in them. david: john, they made a reference to pearl harbor as an excuse for him not being there after 22 years, pearl harbor was military attack, it was horror and infamy, this was an attack on civilians, the commercial sector of the united states t 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 way 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. i mean what's going on with the border? we're letting in all these people? i mean we don't know who is coming in and the problem is,
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we're letting in terrorists, we're letting in drug dealers, we're letting in people, venezuela emptying out the hospitals sending them to new york. they're emptying out people in south america, all over the place in the hospitals that have aids, sending them to new york, saying to them you go to new york and get cured. god forbid they have sex with our gay friends in new york. they will get aids! what's going on the border. me and mark simone were both involved in the ellis island foundtation. we helped run it with gazy. he will is island, we checked everybody that came in, check them for diseases. check them they will be loyal to the united states of america. 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 the biden administration, what president biden specifically was hoping to
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do by going to alaska was again talking up his green agenda, making the whole issue of climate change the most existential threat. he said before he thinks it is worse than anything else including nuclear war when that was suggested. so i 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 of their liberal friends on this, but the idea to minimize by some definition what happened on 9/11 was just, was just not going over even in the white house but it took them so damn long right up until today they still didn't get it. >> you have got to remember perfectly heart pour, hawaii was not a -- pearl harbor was not, hawaii was not a state. pearl harbor was not american soil when it was attacked, totally different. when you look at 9/11 footage, rudi jewel, the greatest mayor ever, george pataki a wonderful
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governor, compare that to today's weak leadership it is frightening. i don't know how we can continue unless we get some real leaders back. david: john, think back to 9/11. you're a man of great importance to the city. you put food on peoples tables and provide oil for their furnaces as well. we came back despite all of the worst fears. people said real estate would be devastated for decades. it came back relatively quickly, not right away but relatively quickly. the stores came back and people got out and unity of new yorkers who are not known for being flag wavers, every place you saw comeback from new york was great. i'm wondering seems like it might be harder to come back from the devastation of our leaders than what foreigners did here 22 years ago? >> it will be harder to come back this time. i said to mayor adams that we 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 that we should take them all, why inconvenience, why hurt the american, the new yorkers, send them to rikers island and guess what, put up tents on rikers island, put up, rename rikers island ellis island two and let's check these people for diseases, let's 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: but how did, again, going back to 9/11, how did we come back so quickly? >> well people, it was a different situation, completely different. right now i'm concerned. the streets of manhattan, they're busy on tuesdays, wednesdays, thursdays, mondays and fridays nobody's around and we have to go back to the five-day work week. the congestion pricing, we have one nail in the coffin right now. with congestion pricing, guess
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what, over money? we'll put a second nail in the coffin. so 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's a lot of them, are afraid because they're, 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 proud 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 that again in our lifetime, or
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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 planning 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 have lost the media completely. mainstream media totally corrupted. that is where pushback used to come to. that is the checks and balances if an administration did something a little crazy they would be all over him. without the american media pushing back on that, with checks and balances basically you have one party rule because they can do whatever they want and the media won't go after them. david: john, mark, thank you very much, you guys. good to see you both. congress is back in session so what is the state of the biden impeachment inquire bring? we'll ask jim jordan. fox business will host the
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♪ david: so what's the state of the biden impeachment inquiry? we'll be asking ohio congressman jim jordan, chairman 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's his call but i don't, frankly i don't understand it. you would think the commander-in-chief, for something that was this tragic that happened to our country would be there. i choose to focus today, as i'm sure you do, david, on the brave people that responded in that moment, firemen, police officers, first-responders and of course the families who lost loved ones that day, people who responded and people who were doing their work. of course we don't want to forget the men and women who serve in our military who have given so much over the years to deal with these terrorist threats.
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i choose to focus on that, but you would think the president would be there but it is his call. david: i came back from work on 9/11. my wife had to pick up my daughter at her school. she was about nine years old at the time. we came home. >> yeah. david: the emotions came out and, my son had just joined the marine corps two years earlier. we asked our daughter what the problem was. she said i don't want to be and only child. she knew, she knew at that young age he would be going to war which indeed he did. as were tens of thousands of americans. >> oh, yeah. david: it's 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 with your son serving our country but it is one of those moments 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 statehouse, when polly called
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my, i'm like oh, my goodness, what is going on? one of those huge moments in our nation's history where you just, i remember my parents talking about when president kennedy was assassinated, you, my mom and dad you remembered exactly where you were when you herd the news and this is one of those tragic moments in our country's history. david: all right, let's get to the biden impeachment inquiry or to the various investigations that might lead to an inquiry. i got a very simple question to start with, with all that you have gathered so far, not only you but the oversight committee, mr. comer, et cetera, is there more evidence now for a biden impeachment inquiry than this was for the trump impeachment inquiry, his first impeachment inquiry? >> of course, 10% for the big guy, 50% for dad. you can just keep, 170, what is it now suspicious act shift reports, 20 companies, multiple bidens getting paid, dinners,
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phone calls, meetings, you can keep going -- big meeting that took place in dubai, where devon archer who testified before our committee, the brand was joe biden, that was the joe biden brand. there was a call made to d.c. devon archer said i don't know who it was, i stepped away for a few minutes. they called d.c., to take the pressure off burisma, five days later, december 9th, 2015, then president biden starts going to ukraine to president pressure on mr. shokin, the prosecutor, take pressure off burisma. those are things that come in my mind, there are many more and they keep piling up. the speaker has been clear, david, if we need to go to impeachment inquiry phase, there, the distinction, courts recognized that if you do that, formal vote of the house of representatives, majority vote on a resolution, this is a fundamental objective, task, only house has, impeachment whole issue, it is
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constitutional act the house has, if there is conflict between congress and the executive branch on getting information and people coming in for depositions the courts tend to decide with us, what could be a constitutional duty singular to the house of representatives. so that's the reason you do it if the facts and evidence point us there and it sure looks like where the facts and evidence take us. david: let's go back further than just the trump impeachment. let's go back to the nixon inquiry. it really hadn't begun, he resigned before it got started, but a lot of the evidence that involved nixon was obstruction of justice. inger issue than the crime was the coverup and what we are now learning what david weiss did in terms from the irs whistle-blowers and others, in terms of warning 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 wyss situation. david wyss ran four 1/2 year investigation where they tipped off the defense counsel when they were looking to do a search warrant. when they told the transition team they were interested in interviewing hunter biden. they did all the things whistle-blowers come and told us, 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 3 days, that david wyss david weiss presided all over that who judge declined to accept, of course we have to look into that. here is a special counsel who it looks like is designed to protect president biden. meanwhile you have got jack smith who is attacking president trump. that's a huge problem that i think anyone with common sense can see. david: and, correct me if i'm
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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 brad who works for jack smith raised issue about a potential judgeship that mr. woodward was interested in, brought that up in the context of questioning mr. woodward about his client who worked for president trump who they wanted to i think cooperate with them, mr. woodward files a complaint about this. that all happens in the broader context this is the special counsel's team. this is truly scary. when you step back, david and look at the bigger picture, escalation, never forget the pattern. they spied on a presidential campaign. not jim jordan saying that. bill barr said that. then they had the mueller investigation investigation that was bogus and baloney. that is not jim jordan saying that. what john durham said. impeachment one, impeachment two, then naming a special counsel, and then it was --
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david: oops. >> then it was, now they're talking the 14th amendment. then we learned last week they were actually contemplating in important ga, 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's goen. you compare all that pattern with what david weiss has been up to the last four 1/2 years, where americans are saying wow, there are two standards here. david: congressman, we have to run but i have to ask the question, when will the inquiry begin? >> i think, i think the facts and the evidence are pointing us to that in a pretty think rap mid way. we'll have to see. the speaker is clear, we'll be driven by the constitution, the facts and the evidence. they are beginning to pile up. i think that is where we should probably move. that is a question for the whole conference. we just get back tomorrow and i'm sure we'll have the discussion. david: are we talking days,
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weeks, months? >> i think it is relatively soon. i don't know. we have to get the conference back. we've been gone several weeks. we'll get them back together to have a discussion. david: jim jordan, appreciate it. coming up why are the bidens trying to use the world bank to spend billions around the world to counter china? we'll ask the former president of the world bank, david malpass. plus are democrats finally waking up to the risks of another biden term? we'll be asking steve hilton, all when "kudlow" continues. ♪. there are some things that go better... together. burger and fries... soup and salad. thank you! like your workplace benefits and retirement savings. with voya, considering all your financial choices together... can help you make smarter decisions. for a more confident financial future. hey, a tandem bicycle. you can't do that by yourself.
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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? ♪ ♪. david: so why is president biden asking for taxpayer money to prop up the world bank? joining us now is david malpass, he is former president of the world bank group. david, great to see you. full disclosure, you and i have known each other a long time, about 30 years, we've been covering the developing world which the world bank is, i would say it is fair to say their
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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, and 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 is how do you make them effective? how do you get good out comes for the people? in 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. one of the things -- david: as a prod, kind of a prod? >> and 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 for these countries in latin america, parts of eastern europe, et cetera, 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 it or forgive me, i'm not implying you would, but they might have been a part of the whole scheme. how do you get around that then den sy for the money not to go to the people it is meant for? you. >> try to have a an actual measurement of the out comes 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, the things that farmers need to grow crops and so, that gets you straight into grants. how do you get enough concessional aid in order to really make a difference? it is 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 but it is one billion dollars per year and so measuring that against the population growth in
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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 and i think you need a better environment, more growth in the advanced economies. one of the big things that -- david: that is a great point. >> helping developing countries when there is fast growth in the whole world. david: the high interest rates are not helping at all, right? >> that's right because a lot of the developing countries borrowed at floating rates include fog china. this creates a big challenge for them because so much of their money, of the 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. >> this is something i'm afraid will go on for some years in the developing world because they have underfertilized last year and this year and 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 not enough being produced frankly in the world as a whole. david: are we looking at starvation, mass starvation? >> there is already malnutrition. one of the things, peoples caloric intake and protein intake was already going down six months, a year ago, because of this specific problem. so that means you know, as it gets worse it gets into famine situations in ten pockets but the bigger problem i think is
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stunting for children. you know, that is when they don't get enough protein when they're young. so i think that, combined with all of the other needs that the countries are expected to meet, that gets into education, climate costs and the whole array, there is not enough money. it would be good if the advanced economies could put more in. that is where i get to this concessional aid. that will not solve the problem. the problem has to be solved i think 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. appreciate it. well an appeals court in new orleans on friday ruled the biden administration violated the first amendment by pushing social media companies to censor covid vaccine information. our own edward lawrence live from the white house with details on that. edward. >> reporter: right now, david, the department of justice i'm told is reviewing this decision
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and examining the options possibly to go forward with this. this three court, court of appeals, the three judges reaffirmed lower court ruling white house, centers for disease control, the fbi and surgeon general likely violated first amendment rights and also saying they cannot coerce social media platforms to remove content. now missouri senator eric schmitt helped bring the case and today says the federal government is prohibited yet again from colluding with social media giants to censor freedom of speech online. senator schmitt back in july says the government 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 a place where people can speak freely and openly without the
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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: so white house spokesperson telling me the administration prompted, or promote 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: law recognizer, edward lawrence thank you very much, edward. joining us now is steve hilton, fox news contributor and we should mention by the way, the bottom right of your screen, you see the president, he is now speaking in ainge coverage,
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alaska and of course, steve, he was justly i think criticized big time for not being in one of the attack sites of 9/11, first president since 9/11 not to be there. he was going to alaska presumably, originally to talk about his green energy plans and taking off some of the land that will be available for drilling but because of the pushback he is now primary talking about 9/11. that is what we're hearing but earlier, we have to point out that one of the reasons his numbers are falling so disasterously is because of things like what we heard in hanoi. >> yeah. david: when he spoke to the press. let me play a clip of that and let me get your reaction. >> there was a lot of lifing dog-faced pony stories about global warming. staff, haven't spoken -- i ain't calling on you. i said 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. david: steve, i mean 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's one thing we're used to it here in a way now sadly over the years he has been in the white house, he is doing these events and wanders off to shake hands with imaginary people. in a way we got used to it, but when he does it on a world stage like that, that is not just embarassment for him and his party and particularly on this day when the world is thinking about america and we're all thinking about what america means, that is who is representing us? that is you who how he is doing it. it is absolutely appalling. david: the question comes about will those performances we've seen be stronger influence in
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2024 election than peoples presumed fear of donald trump being president? >> there's two things going on. there is the complete absence of leadership, this vacuum in the white house, clearly, there. this person clearly not in any capacity a leader of any kind but then on top of that you've got the results, so you have democrats scratching their heads, saying 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 itself and means anything to anyone. no, results of policies that matter on issue after issue. the results have been terrible, not just the performance, the results. look at economic news you covered the whole time. weed had real earnings falling for longer period than recent memory. they're still underwater. you have got the crime situation, border crisis, energy, gas prices going up again, everything. what have they done? david: one thing that links all the situations together, a phrase you used the vacuum of
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leadership. >> yes. david: if 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's disaster not only internally but externally as well. >> exactly and everyone can feel that. that's why there is such a level of concern in the democratic party but the problem is, this is nothing they can do about it. they're pair highed paralyzed because he won't budge. it is difficult to make him give up, saying i am not running again. he an incredibly vain, 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 wanted 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 biography of him. the idea he will give it up solitairely it will not happen so we're stuck with him.
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david: talk about politics, for example. two big parties, republicans and democrats they are not bigger than the 40% of voters in the country, many who have reluctance to vote for donald trump, they might like his policies but don't particularly like him. will that reluctance being overcome by what they are seeing in that vacuum of leadership? >> i think it will. you have a combination of that vacuum and people thinking, well it wasn't that long ago trump was president and 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. they even felt, despite all the lectures from the media and everyone else about 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 without trump. david: talking about destruction
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of democracy, that 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 of in a temporary form because of emergencies getting rid of the first and the second amendment. >> yeah. david: people don't want to whose their rights. they don't want rights to become privileges which can be taken away. >> yes. david: by leaders. the rights are unalienable and they're not supposed to be taken away. >> i think this is the central point because the perhaps, reluctant trump voter is someone, obviously has his fans and the base are going to vote for him but the reluctant trump voter might well be 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 the extremism you see, the cultural extremism from the far left. they're thinking we have to have
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some unstand up to this. biden is not standing up. he is giving into it. he is completely controlled by the activists of the far left. they're looking around thinking at least 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: and on local levels whether it is dealing with the governor of new mexico or school boards or whatever it is you do see this pushback and i feel like it is growing. i don't think it has peaked. >> i agree. david: it continues to grow. you even saw gun control advocates who were against the new mexico governor because of her going against the constitution. >> exactly. and so i think that people, realizing the far left of had it their own way for too long. you're seeing people rise up. you see it in california where i live, you're seeing it across the country. people are saying no, you're going too fast, too far to the left and we had enough of it and enough is enough. that is i think is the mood
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going into this election. david: could we see california going republican. >> one day i can tell you -- i'm working very hard to make it happen. david: steve hilton, thank you very much, appreciate it. coming up next the irs wants to use a.i. to go after tax cheats. what could go possibly wrong with that? we'll ask art laffer when "kudlow" continues (fisher investments) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? aren't we all just looking for the hottest stocks? (fisher investments) nope. we use diversified strategies to position our client's portfolios for their long-term goals. (other money manager) but you still sell investments that generate high commissions for you, right? (fisher investments) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money, only when your clients make more money? (fisher investments) yep. we do better when our clients do better. at fisher investments, we're clearly different. [ applause ] the day you get your clearchoice dental implants changes your struggle with missing teeth forever.
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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? joining us now is art laffer, former reagan economist, presidential medal of freedom recipient, author of "taxes have consequences" and a hell of a nice guy. art, great to see you, thank you for being here. wouldn't it be so much easier and by the way cheaper to get rid of all the deductions the biden family has taken advantage of or has the past couple of decades an just go to a flat tax without any deductions? you could get more revenue and downsize the irs and instead of supersizing it and end up with much or more revenue? >> you know, i thought you were going to give me the brecht quote, wouldn't it be far easier
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if the government just threw this population out, this economy out and ilec ad new one and have new one the government could find complacent sheep-like population that paid their taxes and went, bah, bah. let me if i can, david, just a couple of points on this. david: sure. >> the rich, the rich once these is agents are skilled, know how to do it they will hire the very best of these irs agents to advise them this is exactly what morgan couple plained about in the 1930s when tax rates were very, very high. they have the best right now. now, last thing here is, the rich know how to get around this because they're really highly incentivised to get around it. they are the ones that the irs is always after. when you think about it, if you were to able to get them, corner them and slam them hard, these are the very people, david, that make our economy so much better
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than any other economy in the world. the rich are not just rich. these are the most productive, the most high-performing developers and incentivizers and creators in the world. why america is the greatest nation on earth is because of these rich people. they are the reason for us being great and anything it would do to cause them to diminish their efforts will diminish the economy and diminish our prosperity as far as the eye can see. that is my story, david, i will stick to it. david: you will stick to it. even if you if you buy you have to slam the rich in order to get more tax revenue, listen to this, in july the irs was bragging they collected an extra $36 million. that is million with an m by the way, not a b. 36 million. that is .0001% of our deficit and they're, do you really have bragging rights for something like that when all you get is 36 mil? >> you're missing the real point here. it cost $1.536 billion to
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collect that .00001, what was it 23 million? they are the biggest losers in the world for the u.s. economy this the biggest losers on the budget. they train the rich to not produce goods but instead to seek ways around the tax codes. that's not what you want. you want the rich to being pleased to pay the taxes. a low rate, broad-based flat tax where we all pay the same rate and everyone voluntarily agrees to pay what they appropriately 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. david: yes. >> no americans ever made better off when another american is pulled down and we're all made better off whenever any one of us is made better off. it is a rising tide, david, that raises all boats. sorry for my lecturing. david: we're all bitter off when we listen to mr. art laffer, there is just no doubt about it. we have to leave it at that. good to see you, my friend,
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