underweighted at this point in time. liz: okay. next week, next wednesday, we find out what the federal reserve is thinking. we expect what it will to do, and that is nothing when it comes to raising rates, but november is still up in the air. they say they are data-dependent. what do you think the fed needs to say to stabilize the markets? i know they don't care about stabilizing the markets, but they kind of do. >> i think, you know, it's in the back of their mind. it certainly is not right out in front. but i think what they need to telegraph is that for all practical purposes that they're done or almost done. because market will take good news or bad news, it just doesn't like no news. liz: right, right. >> so if it's in a position more than 25 the basis points, that's going to be good news for the market. liz: dan, great to have you. here comes the closing bell for the end of the week. the bears are in control heading into the weekend. a bit of a selloff today, wishing our jewish friends happy new year. have a great weekend. that's going to do it for us.

♪ larry: hello, folks. welcome to "kudlow," i'm larry kudlow. well, i may not agree with everything the uaw is asking in their current strike, but i do think they have a lot of important points on their side. two key points, by the way, are biden-flation and biden's completely unbalanced, insane climate policies. now, remember, when former president obama negotiated the auto bailout back in 2009, the uaw agreed to forgo cost of living adjustments in their contract. if hat tip to breitbart's john carney for reminding me of that. so they haven't had a c.o.l.a. increase in over 20 years. that was okay until recently when joe biden came into the white house and launched his left-wing spending frenzy which the federal reserve played along with at least until recently.

the consumer price index has increased almost 17% since joe biden took office. necessities like food and gasoline have spiked 20% and over 50% respectively. so their real wages have plunged, and they're not happy about it. and you can't blame them. now, not surprisingly, one of the key union demands is, in fact, the return of cost of living adjustments. now, the big three car makers are so far holding out on this point along with demands for outsized union wage and benefits, and the uaw has gone on strike. they've gone on strike in factories in missouri, in toledo and wayne, michigan. then there's the issue of biden's lavish subsidies for electric vehicles as embodied in the misname inflation reduction act. misnamed. nobody knows how much those

subsidies are boeing to be worth over time. going to be at least $5000 billion, probably a lot more since there are no money or timetable caps. so autoworkers are asking the guy who says he's the most pro-union president in history, where are our subsidies? don't take it from me, take it from pro-union joe himself. >> i intend to be the most pro-union president leading the most pro-union administration in american history. i meant what i said when i said i'm going to be the most pro-union president in american history, and i make no apologies for it. i'm proud to be the most pro-union president. larry: well, you couldn't convince the union, i think, of all that. anyway, the key point here is that joe biden's evs could spell the end of the uaw, and union leaders know it. studies have shown, by the way, that electric vehicles require only about 40% of the hours worked compared to gas-powered cars. in fact, the entire auto industry, including the knock-on

effects for dealers and repair shops and gas stations and kinders and who knows what else -- diners and who knows what else, all that could obliterate a half a million jobs, maybe even more. plus, of course, the uaw faces stiff competition from right-to-work states in the south and elsewhere where a lot of the ev car and battery subsidies are being invested. so between the combination of joe biden-flatoin and his crazy climate policies, all this sets up a huge doom loop for the car business as it exists today. and remember, bidenomics is claiming jamming these climate policies down these throats, taking away consumer choice. people don't want to be told they can't drive gas-powered cars. does any of this save the uaw? well, i don't know. but i don't think they bargained on biden's price hikes and evs and chinese batteries.

and so maybe folks should think twice before they bash the uaw's positions. now, here's a final thought on all this. if you have a chance, take a read of donald trump's agenda 47 white paper. it's called rescuing america's auto industry from joe biden's disastrous job-killing policies. all right. the former president pledges to end the assault on the internal combustion engine and to cancel harmful emissions regulations for trucks ask cars. and cars. moreover, the president would also end biden's insane café if fuel economy standards, and mr. trump would end or revisit at least some of the usmca cheating on regional auto parts content. of course, the former president would reopen the spigots for liquid gold and drill, baby, drill, and he intends to seek

new reciprocal fair trade legislation. now, as far as i know, no other candidate in either party has a policy prescription to deal with any of these auto-related problems. so far the uaw leadership has held back a biden presidential endorsement. but i suspect in the end e elitists will throw in with the democratic party. on the other hand, i'm taking the over for rank and file autoworkers voting for trump. you can bet on it. and that is my riff. all right. let's get moving on this the. somebody who knows a lot and has been following the uaw very, very closely in recent weeks, my dear friend the great kevin hassett, former chair of the council of economic advisers in the trump administration, and author of the most important book of the 211st century, it's call "the drift: stopping america's slide to socialism."

kevin, i'm not saying all the uaw demands are perfect or correct, but i think they have some pretty good points when you take a look at biden-flation and biden climates. that's all i'm saying. >> right. you know, i agree 100%, larry. but i disagree with their asks, because i think they're too small. you might think some of them are too large. here's the way with i think about the problem. i've written a lot about this, as you know, at "national review." if you have a job making a car with an internal combustion engine or you work in a factory that makes spark plugs and supplies people that make engines, then in the next 5-6 years or, put it another way, if you're 55 or younger with a job like that, your job is gone by the end of the next biden administration. and then they could sort of say, yeah, but we're going to create a million electric vehicle jobs, but they're in tennessee not michigan. then you say, okay, the people could move to tennessee the, but

with everybody's going to think they need to move to tennessee so they're all going to get crushed when they sell their house. it's an absolute humanitarian disaster. and i think9 if the uaw wins this, even if they got their 40%, forsst it's going to be like the first night of the 300 battle against the persians. they'll look really good, but in the en, they're going to lose. these guys are all going to lose their jobs, sadly, if biden has his way with evs. larry: that's the thing, biden's policies are going to destroy the car industry as we mow it. i'm just using some of your estimates, i think, that, i don't know, this could cost a half a million jobs. with knock-on effects, it could cost a million jobs. i'm asking you how many jobs in the u.s., but i'm asking you with really, i mean, i don't know if you've had a chance to read former president trump's white paper on this. he's making some powerful -- >> sure did, yeah. larry: he wants to unwind all these biden policies. now, not all these car jobs are going to be saved, i get that. but with on the other hand, he's

not gonna jam down your throat an ev or a chinese battery or whatever else. >> right. and in a free market, you know, if an ev can win the battle, and and i think they're really fun to drive, they can accelerate like crazy, right? so, sure, let 'em compete. but these massive subsidies and the clean air rules that destroy the internal combustion engine, they're a disaster. by one estimate that i cited in national review, 800,000 people have already -- 80,000 people have already lost their jobs to this, and the manufacturing data in the u.s. is terrible. 24 out of 32 months since biden took office, blue collar workers and manufacturing jobs have seen real wages decline. we had suggestion months in a row of declining industrial production and manufacturing this year. and so biden, you know, markets are forward-looking as a larry kudlow taught us a long time ago, and people understand what's coming, and they're already starting to retrench in the u.s. manufacturing workers not just in the auto sector are feeling

it all around. my son looked at my piece and said, cad, i didn't know you were a champion of unions, but i totally, totally sympathize with what's going on with the manufacturing worker right now, and president biden doesn't. you know, he gave an economic speech last night where he was crowing about his crend bl manufacturing record. but if you look at the facts, it's the opposite. larry: actually, the year to year change out today is still negative. i don't know how many four, five, six months in a row. kevin, what about the, you know, what about the biden-flato in problem? none of the work force bargained for this. most of the months we have seen a drop in real wages, and and we've seen a drop in affordability. i think you just mentioned housing and mortgages a few moments ago. i mean, these are things that nobody bargained for that are happening. and i've also seen some stuff that if these trends continue, kevin, there's going to be more strikes and more walkouts and more labor problems. >> right. no, i think that the perfect

storm is happening. and, larry, you and i have been talking for a couple of months now because everybody's saying, oh, inflation's urn control, about how it's not. and if you look at the latest consumer price index from this week, inflation's running right now in the latest data we have at about a 7.5% annual rate if you just take the current month and extrapolate it, if it stays there. inflation is accelerating again which means that while all this stuff is going on, the fed is going to have to hike rates again. so inflation's not under control, biden inflation has set us onto a path that, you know, will make us wish that we could have jimmy carter instead of joe biden, and it's going to take a big disruption to fix it, sadly. march a march kevin, while we're on the subject of bidenomics, mr. biden keeps telling us that he cut the budget deficit by $1.7 trillion, and i was just reading your piece or a draft of your new piece for "national review."

>> it's up now. they just put it up. larry: all right. well, that's even better. folks can go to nro and read kevin's piece. not only is the deficit going up, but spending is going up way beyond whatever -- when i say joe biden's left-wing, frenzied spending has had a lot to do with inflation, i mean, the numbers prove that out even if mr. biden's in denial about it, is it not? >> yeah, it is. and biden is using a truck that we need to talk about -- a trick that we need to talk about. he's abusing the data because of covid. he's taking the worst thing that happened during the covid shutdown or the most government spending because we were mailing checks to keep people alive and then comparing himself today to that. i remember back in 2019 i was sitting in your office in the wes wing, and we were looking at the 10-year forecast for spending, and we kind of despaired that spending was going up a lot more than you and i thought was right, but there wasn't much we could do about it with a democratic congress. back then the 2019 democratic congress planned to spend, over

our objections, this year $5.3 trillion. that was what their planned spending was. right now spending this year we know, it's in the bag, it's going to be at least $6.3. so they've spent a trillion more than nancy pelosi wanted to spend in 2019. and so, you know, you wonder where inflation came from, it's that. but for president biden to say, yeah, he changed things by a trillion dollars, he's right, but he got the sign wrong. [laughter] larry: or nancy pelosi was a budget hawk. that was a joke. that was a joke, an absolute joke. kevin, let me -- [laughter] let me just come back to the uaw for one last moment. so far they're striking at only three factories. if they strike right across the board for the big three, are there any economic estimates what's this might gonna do to gdp? i've seen some wall street stuff, it could be a 2% loss to g if dp if the strike lasted for a full quarter, three months? do you have any thoughts on

that? >> right. and i think that if the leadership accepts the deal even that they asked for, that they're all going to be voted out as soon as possible, because the workers understand the forces that your talking about. and it looks like the uaw guys, they really a want to get higher wages, but they haven't done things like require that the tennessee jobs go to the uaw, the kind of things that would, you know, keep them going. so i think that the bottom line is that because of that, the people aren't going to want to vote for the contract even if the guys on top agree to one. and so i expect it's going to be a very lengthy strike, and i think the 2 if it's a quarter number is about right. i think if it's a month, before you multiply by four to put things at an annual rate, it's a ten through two off of gkp, so that's -- gdp. but once we're a month in, the the gdp number's going to be the about .8 lower once you multiply by 4.

larry: the great kevin hassett, thank you so much. coming up on "kudlow," jonathan turley says there are five key facts that a back up the biden imetch people -- impeachment inquiry. he's going to be here. i'm kudlow. we'll have jonathan turley. back to the scandal story. we'll be right back here. ♪ ♪ ♪ “dirty deeds” by ac/dc ♪ (♪) ♪ dirty deeds (done dirt cheap) ♪ ♪ dirty deeds (done dirt cheap) ♪ ♪ is it possible to fall in love with your home... ...before you even step inside?

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♪ larry: the great jonathan turley writes for the messenger that that there are five facts that that compel the house biden impeachment inquiry. five facts. at least five, spoiz. he joins us now, jonathan turley, george washington university law school professor and constitutional a law attorney, fox news contributor. and just, you're my north star, jonathan. [laughter] i don't go out and say something until i see somehow it checks with what you're saying. you do list five facts. before we get to the five facts, let me just ask you one thing. the house, the impeachment inquiry declaration, in your judgment -- and this has cropped up in a few reports from fox news and others -- does that empower the house, you know, investigations, the oversight

committee, does that empower to get through the red e tape or the obstruction of the fbi and the justice department, you know? chairman comer was on the show last night. he's going after bank accounts, following the money. i think that's 100% right, exactly right. if -- does this inquiry, jonathan turley, give him additional authority to do that and beat the red tape and the obstruction? >> it does, in my view. the impeep. inquiry does go to the the a apex of congressional authority. as someone who's represented the house of representatives in court, i can tell you that most of these conflicts that you have in court are balanced between the congressional interest and rivaling interests. there is no greater interest for congress than to fulfill its constitutional obligation to see if there are impeachable offenses, and i think a court will have to recognize that.

larry: all right. so that's good to hear from you in particular, because that point has not really been clarified the way it needs to be clarified. the other thing is chairman comer talked a lot about, and he was on yesterday. i thought he was terrific. the bank account strategy, the the follow the money strategy, now, jonathan, i'm an economics guy, i'm a money guy, so i favor that strategy. you have a broader view of these things. do you think that's the right approach? >> i do. i think that the house has proceeded in a very methodical way. the the only way to determine if there are criminal or impeachable offenses is to look at where this money came from and where it went. to determine if crimes were committed to hide the influence peddling. even the media now recognized, rather belatedly, that the bidens were selling influence and access. but democratic members have insisted it was just an

illusion. in other words, these guys were just chumps that ended up getting fleeced by hunter biden. how do you know that? i mean, we have to see where the money went, also what the money was used for and then also to see if it did buy results, if it did buy access and influence. larry: all right. so let's go through. your first point, this is way too eetz city, joe biden lied to the public for years. i mean, that's the lowest hanging fruit possible. [laughter] i don't mean to denigrate your article, i'm just saying that that's just way too easy. but the second point, $20 the million paid to the bidens by foreign sources including china, ukraine, russia, romania and so forth, that is a huge point. and that, to some extent, is what we're talking about. is that, like, your biggest point, do you think? >> i don't think it's the biggest point. it is important to note that the $20 million also went to biden associates, but it's still a huge amount of money, and it's not clear that we have account

accounted for all of the money. so we're talking about a level of influence peddling that stands alone. influence peddling has long been the favored form of corruption in washington. and i've been a critic of it for decades. but i've never seen the likes of the biden family. i mean, their appetite for this form of corruption was almost insatiable. larry: so the other tough here -- stuff here, the e-mails, some of the e-mails, hunter's e-mails say half of the money was paid to papa joe. all right, now, i -- we don't know what exactly that a means, but half of the money that came from these sources that we can't seem to account for, and then i would add on to that, jonathan, the whole issue of what bobulinski said, that the big guy gets 10% of whatever deals. i mean, to me, those are brutal allegations if they can be proven. >> well, larry, i think this is

also one of the reasons why this could come down to forensics. the first thing a forensic accountant the needs is all the data points which is what the committees are trying to gather here. because there are e-mails that a refer to shared accounts between the president and his son including payments that go into the account for hunter that might have been used to pay off taxes of the president or credit cards that the president used that were use by hunter biden to pay off prostitutes. all of that intermingling suggests that there could have been direct benefits. but we also have the fbi informant or trust informant who says that a yard linen -- ukrainian businessman was told not to pay any money directly to the president, and he alleged that he ended up giving a bribe to the president. now, is he credible? we can't judge the credibility of that until if we drill down on those facts.

larry: right. and hen the other one, finally, hunter biden has not pa paid his taxes, okay? and he failed to register as a foreign agent. now, this is to some extent the wilmington, delaware, stuff. to some extent it's going to be oversight committee, it's going to be ways and means committee stuff also, jonathan turley. but, you know, to me, the potential -- special counsel, weiss in wilmington, delaware, if he opens up the foreign dealings, the failure to the register properly, isn't that that opening up all of these foreign issues that have never been resolved? i mean, putting hunter biden on the stand the presumably urn oath? if i mean -- under oath? i mean, that strikeses me. i know he got busted on three counts for gun evasion or bad gun registration. okay, fine. that's bad. but i think the issue of tax evasion and the issue of foreign

payments which is part and parcel of this failure to register as a foreign agent, i just think that's enormously important 40 matter -- no matter who handles it. >> i think that's right. what is disturbing about the approach of the justice department, larry, is it's the almost been surgical in focusing on crimes that seem to insulate the president. obviously, the president's not implicate in the gun charges. and also they allowed crimes to lapse. they haven't explained why. some of those include the most serious tax violations and the most concerning, payments from ukraine and other sources. but those still are out there in terms of what remains. he's not going to be held accountable for the full range of the potential crimes here. but i'll note one last thing, larry. all of these crimes that many of us have been raising, the fara violations, the tax violations, the money transfers, all of them are linked in one way, and that

is by committing these alleged saw violations the bidens made it, or at least hunter biden made it less likely that this entire influence-peddling scheme would be scrutinized, that each of these violations made it less likely that the full range of influence peddling would be revealed. and that could be a motivation. and that's one of things congress has got to look at. larry: i was just going to say, listening to you on that last point, and we've got to get out, comer has to cut through that, doesn't he? all those guys, they've got to try to cut right through that with whatever new powers that they they may have. >> that's right. larry: all right. jonathan turley helping us through understanding, explaining. no, no, i'm listening intently. this is really important stuff. anyway, thank you to mr. turley. coming up here on "kudlow," are we looking at a doom loop in commercial real estate? might drag banks down with it? oh, my gosh. we're going to ask

mr. wonderful, "shark tank" investor kevin o'leary. plus, trump boom reverse us bidenomics bust. and, by the way, a new poll out today, swing state voters are clearly betting the over on trump. wow. swing states. we've got hogan gidley and deroy murdock up next when "kudlow" returns. ♪ ♪ j.p. morgan wealth plan, a digital money coach in the chase mobile® app. use it to set and track your goals, big and small... and see how changes you make today... could help put them within reach. from your first big move to retiring poolside - and the other goals along the way. wealth plan can help get you there. ♪ j.p. morgan wealth management.

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♪ larry: all right. big question, and you see this question in a lot of different places. "wall street journal" article, other networks. are we looking at a doom loop in commercial real estate in and that's a doom hoop that would involve a lot of small and regional banks going down at the same time. maybe one of the biggest threats to the economy at least potentially. joining me now, kevin o'leary, mr. wonderful, chairman of leery ventures, "shark tank" investors, and author of "the

cold hard truth on business, money and life." i always love the the money and life, kevin o'leary. welcome back to the show. so you have mentioned this in our appearances, in our discussions in recent months. better, worse, commercial real estate, doom loop, bringing regional banks down with it in what is your latest assessment, please? >> well, it hasn't improved, larry. i started talking about this with you about nine months ago when it first showed up on my radar screen because i've got so many companies that bank at regional banks that are small, family-owned businesses in america, now 40 of them. so what's unique about this situation, and i'll just lay it out, many of these are office spaces that are in sub-grade markets. in other words, b markets, bb markets. but even in cities like boston you find lots of vacancies, up to 40% of buildings. and the challenge is in every other real estate cycle when you have a correction which is about to happen here because of rising

rates and we've got a -- to refinancing these businesses and many of them have no equity left in them, so these banks are going to fail because up to 40% of their portfolio, i'm talking regional a banks here, are in commercial real estate. but here's what's unique, that it's just coming onto the radar screen. most of these cannot be used again as a office because the economy has changed. no one saw this coming, but up to 40% of people who work in small businesses don't return to offices anymore. so we have to repurpose this. we have to take an old a office and turn it into a climate-controlled storage or a condominium. but in cities like new york where it's decimated in those dd buildings, they're just empty, you can't do that without zoning changes, and policy there are is very difficult. is so it may be better long term to actually tear these buildings down and rebuild, new purpose, data centers, industrial, climate-controlled storage.

that's where we have to do it. but who's going to pay for it? that's what the question is, because we're talking about a trillion dollars in aggregate here. so there's big problems, and it's going to manifest itself in these regionals over the next 36 months. larry: so who's going to pay for it and also, kevin, who's going to loan money for payment of it? >> well, that is a really interesting question, larry, because there's two issues there. number one is most of these buildings were built over the last 30 years at interest rates less than 4%, many 3%, 7-year mortgages, 5-year mortgages or worse, floating rate mortgages, and now the fed has raised rates toss a 5 a.5% terminal rate which means they're going to get refinanced at 9-11. so a 3x cost. many of these buildings won't be economically viable. but the spin-off which is causing chaos right now is those loan are books and those regional a banks -- remember, we have 4100 regional banks -- have

closed to small business because they have capital call requirements i put on them because of the pressure on this commercial real estate. so they're not making loans. and even worse, larry, yesterday the the irs canceled any more refunds for9 0 days -- 90 days on the employee retention credit for small business, and there was billions about to be sent out to these small businesses x. as far as i know, it's the only active program that businesses can get capital right now from the government, and they shut it down -- liz: why'd they do that, kevin? i wasn't aware of that. what was the logic? >> because the concern of fraud in the program. and ill tell everybody that every government program that involves an application has fraud in it. but 90 plus percent of the people that apply if for this are good men and women and small businesses in america. maybe it's as high as a 95%. and so the irs because they're concerned -- and i understand their concern for the 5% or

whatever it is that are filing these fraudulent claims -- they shut the whole thing down for three months. i guarantee you in congress the senators that know about this program and and their constituent su says are going to be calling the irs saying, why did you do this? we were about to -- i've got over 800 of my companies that have apply for this, over half of them receive their money in some cases it saved them. they got 600,000 back when they couldn't get any money from regional a banks. boost oxygen is one of them. snark key tea is another one of them. they're alive because of the employee retention credit. these programs are not aligned, they're not in sync. the pressure of the commercial banks, commercial real estate collapse and small business not getting any capital. this is all bad news, larry. larry: wow. as usual, the thinking in washington, d.c. is unhelpful, to say the least. kevin o'leary, we appreciate your time, as always. thanks so much. talk soon. all right, folks, we're going to move right along here on set. wow. this is so star-studded, it's

unbelievable. hogan gidley, former white house deputy pressing secretary, oh, my gosh. saved me so many times when i was in government, and deroy murdock, senior fellow at the london center for policy research and a fox news contributor. hoagie, you've been on set before. >> never. this is my first time. birthday's tomorrow the, larry, i i want to spend it with you. larry: sleepover on the set. might be a little lonely for you, but you never know. [laughter] i want to put a poll up. i'm not usually poll-driven, but there's a new reuters poll out today that shows donald trump winning in the key swing states. are we in position to put that up? there it is. 35 for mr. biden and 41% for mr. and it goes down, what have we got? arizona, georgia, michigan, nevada, north carolina, pennsylvania and wisconsin. now, swing states decide elections nowadays. national polling is a little bit

misleading because it wasn't matter because given the population left-wing california, illinois and new york. but this is an interesting poll which is why i wanted to raise it especially given your anniversary here on set, hogan gidley. what do how you make of it? >> well, look, the last election in 2020 the was decided by around 42,000 votes, is so those swing state states matter. and what we're seeing is kind of a collective anger building against joe biden because of the policies. we're, of course, paying more for gas and for groceries, but for rent, for mortgages, for car a payments. everything many our life has gotten worse under these policies, and joe biden pretends these things are happening to him when they're actually happening because of him and what he's done. he bragged about doing the opposite, watch me change what donald trump did, and now we rely on other nations for energy, for example, we're not exporters anymore. so we have all of these problems, and he's to blame, and the american people realize this is him.

and you can call it bidenomics and you can try to sell a bad product, but the people know better. they're not stupid. so it doesn't take a rebrand to solve this, it means a change in policy. that's the only way biden can can right the ship. larry: deroy, we talked at some length at the top of the the show about the uaw automobile strike. some of these swing states like michigan, for example, they're littered with car plants. there are old-fashioned car plants, whatever, they're not the new ev car plants that they're doing in the south. but these uaw workers, the rank and file, d do eroy -- deroy, are pretty furious at biden because their real wages are going down, prices are going up, and he is giving money like there's no tomorrow to this ev movement, and he's saying no more gasoline-powered cars. their jobs will be gone, and that's a biden issue. if. >> i think it's a big problem for him and not just because these people are suffering, will

suffer if we make this big transition to electric vehicles. in a sense, these are his people, typical democrat voters. unionized, factory workers, these are supposed to be the base of the democrat party, so they must be really startled, mr. pro-union and look at us suffering. i also think another thing that's huring biden, i agree about the economic fundamentals, is the complete bait and switch between what we were told we were going to get which is this nice guy who was going to bring the the country together, he'd be this nice if warm, grandfatherly presence, and we saw it in maui when he was asked about that massive fire, he said no comment. didn't show up for any of the 9/11 commemorations, he was up in alaska. larry: huge mistake. >> and then he was up there joking around about maybe being an all-american athlete and so on. i think he's turn thed out to be a very colt hearted person which nobody expected. i think the economic fundamentals and then this warm personality we were promised, we

didn't get. when you combine both those things, it's not surprising donald j. trump is leading in swing states. larry: we have a chart, biden likes to yell at republicans for being the party of big business and wealthy people, and he's going to help the middle class and the lower income classes. poverty has gone up significantly urn joe biden. i think -- under joe biden. there it is. poverty under trump versus biden. urn trump coming all the way down, record low. under biden, coming back up and, frankly, no end in sight. this isn't an electoral issue so much, but it may be a minority voting issue at some point. and i want to add one other thing here, ohio began. we were talking earlier with kevin hassett whom you know very, very well. look, trump has put out a white paper dealing with the uaw strike. nobody else in either party has done that, and trump has said, no, we're going to start to drill, drill, drill again, we're

going to stop ending gasoline-powered cars the way this crazy climate thing is going to be, ask and we're going to protect workers. he wants to protect workers. that's how he won in 2016, with a rallying cry to protect workers. and when i look at the poll that says trump wins the swing states, i know they're polls and not votes, but it's a snapshot in time. i think people are figuring out, they're going to bet on him again. >> who knew someone who was a billionaire businessman actually knew how to do policy that protected workers. larry: yes. >> he understood it, he did it. people appreciate that regardless of race, religion, color or creed. people want to go back to those successes that we saw in record-setting time, and right now the failures are piling up, and people don't like it. larry: include colluding reciprocal far trade, which he specifically mentioned in his article. one of the things he taught me, there has to be reciprocity. and in this particular case american workers, not just

automobile workers, american workers across the bar, right? farm workers, cattle ranch workers, construction workers, if the other guy is jack ising up their tariffs, then we're going to have to retaliate. we may not like that, pure economic free markets won't like that, but you've got to protect the workers. it's called america first, deroy, give you the last word. >> call it the golden rule, do unto others -- larry: ooh, i love that. i love the golden rule. >> you're charging us 15%, we're going to charm you 15 is %. larry: golden rule trade policy, that is breakthrough stuff. you heard it first here, deroy murdock and hogan gidley. plus, folks, please don't forget fox business will be hosting the second republican primary debay at the ronald reagan library in simi valley, california. that's going to be wednesday, september 27th at 9 p.m. eastern. and the "kudlow" team will be out there. we'll be broadcasting from there, and then we're going to do a predebate show, and you

never know what's going to happen. coming up here, we have still more work to do. democrats and the mainstream media don't get it, okay? they don't get it. but the political reality right now is republicans in the house and the senate are totally unified on the biden impeachment inquiry. you've got to hear this from senator kevin cramer of the great state of north dakota. he's going to tell us why in just a second. i'm kudlow. we're headed for simi valley, reagan country. that's me. ♪ [clicking] when occasional heartburn won't let you sleep. [clicking] get fast relief with new tums+ heartburn + sleep support. love food back and fall asleep faster.

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larry: all right. republicans in the house and the senate are are unified regarding the biden impeachment inquiry declare by house speaker kevin mccarthy. mainstream media won't admit it, the democrats are in denial, but we have senator kevin cramer of the great state of north dakota, i almost said south dakota. that's because the dentist laid waste to me yesterday, but it's okay. senator cramer, welcome back to the show. [laughter] this whole thing started, a piece that you were featured in in the washington times, and i think i just saw a follow-up piece. and i asked chairman comer about it, and and he said when he went

to your conference, there was a lot of support and some positive suggestions, and i wondered if you could elaborate on that. >> well, first of all, thank you, larry, for having me. and, yes, chairman comer and chairman jordan were at our conference luncheon on, i guess it was the wednesday, and laid out their agenda, their plan very methodically as they've been doing all along, talked about why an inquiry is important and appropriate. and there was -- near as a i can remember, there was not a single republican senator who pushed against that. some made some friendly suggestions like, you know, take your time, do it right not quickly are, which they seem to already be doing. it'd be good if you could have a vote on the inquiry eventually, you know, add some credibility. but, yeah, they got a lot of encouragement from republican senator, and i think a lot of republican senators were kind of put at ease by listening to jim and. jamie:my talk to us in such an intelligent and productive way. larry: you know, i've known jim jordan for a very long time, i

mean, many decades, and i know how smart he is. >> yeah, he's smart. larry: if in terms of jamie comer, i've really just met him in this past year. he's a former banker. he's a form ifer money guy, as it turns out, and i just think he's done a heck of a bang-up job on all that, and it's been a pleasant surprise. anyway, the mainstream media's in denial, they're trying to paint republicans as at each other's throats, the democrats likewise, but you're saying it's not true. >> it doesn't seem to be true at all. to the degree there are some grumbling republicans because they wish this wasn't happening, i understand that. some might think it might get in the way of our anti-joe biden agenda or our pro-republican economic agenda. they may be right about that. but, you know, you don't expect the firemen to pull over at the dairy queen on their way to the a fire. you have to deal with the crisis that's in front of you, and we have a constitutional responsibility to do that. and i think we all realize that

as inconvenient as this impeachment inebb quirely might be, it is, nonetheless, necessary. and, yeah, it seemed to me to be pretty much unanimous consent in the room. at least if there were complainers, they weren't speaking up in the room. the other thing i would say, you have the right two two people. jim jordan, as you said, smart lawyer, litigator, great with communicator, by the way, as well. he's got a perfect memory, it seems. and in the case of jamie comer, and i served with both these gentlemen in the house, jamie's equally as smart. but the ability to take the financial piece of this, larry, and do a forensic examination and explain it -- larry: right. >> and here's the other thing i'd say about those media people in denial, who's not in denial, frankly, and this is different than any other impeachment i've witnessed going back to bill clinton is that the country seems to be with us on this one. 62% in the last poll i saw believe that the president's already guilty of some involvement in hunter biden's problems. larry: gotta jump. >> i think the public's with us.

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♪ ♪ ♪ ♪ we don't just have everything... we have your thing. ♪ larry: i tell ya, not just auto to workers, but working folks in general walking away from bidenomics. that's what i think's happening. but no one ever walks away from liz macdonald. elizabeth: we hope not, larry. thank you for that. always terrific. have a good weekend, you've