russell 2000, the worst month to date performer. well, actually, it looks pretty bad. it is down 3% for the month, nasdaq down two, s&p down one, you still like small and mid-caps here? >> further, let's say remainder of this year out a couple quarters we do. similar theme we don't see a recession. smaller cap will do better, more alpha to play catchup to their big brothers. something cheap out there? small caps are historically cheap relative to large caps. we're looking for stuff cheap. small cap is an area we like. we think it is a good place. [closing bell rings] liz: buy low, ryan, thanks so much. don't miss our all-star lineup, jeremy siegel and kyle bass. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. so the federal reserve meeting is, held today and tomorrow and there's an fomc announcement

followed by the usual jay powell press conference. that's slated for tomorrow afternoon. i guess at 2:30. for all you fed-watchers out there, others concerned about your stock market portfolio, the fed's got a brand new challenge. it is called 100-dollar oil. good story on the front page of "the wall street journal" website. all about saudi and russia production cuts and yes, the fed's going to hold their interest rate target steady tomorrow. i have guess everybody thinks that. but several analysts think world oil is understocked now by several million barrels a day at least and going beyond the journal's oil story joe biden has essentially frozen drilling in alaska, big chunks of the gulf of mexico, and, closing down oil and gas exploration in the great state of new mexico. i believe we got that news today, didn't we? which happens to be the home of

the interior secretary, one deb haaland, a native-american, who insists on going against most of the tribes in new mexico where so many other native americans would love high paying jobs in the oil fileds. go figure. in other words opec plus whacks the u.s. on the head by it cutting back on production and please, don't forget that includes iran and venezuela along with russia and saudis and then joe biden's response is to slam down current and future production here in the u.s., in tandem with our adversaries, sheer insanity, totally giving up energy independence, wasting away the progress of the trump years. we're not quite to 100-dollar oil yet but we are gaining on it and with today's quote and brent crude, around $95, west texas 91 bucks, following world oil prices up, aaa retail gasoline

at the pump has climbed all the way back to $3.88. year-end last december it was around $3.30. you can also note that since joe biden took office based on february 2021 gasoline is up 50%. how about that? in the last couple month the top line cpi inflation rate ended its 12 month slide and is now beginning to rise again. a big reason is energy and that reason is likely to continue. now, here's what the fed has to contend with. i've said this before but not for a while so let me repeat. refined petroleum products permeate the entire economy. that's why energy has such huge impact on inflation. it is easy for economic eggheads

to exclude food and energy from the prevailing inflation. that is a misnomer. it is a big mistake. you know what requires fossil fuels, are you ready for this, i haven't done this list for a while, fasten your seatbelts, chewing gum, golf balls, golf bags, shampoo, shaving cream, phones, clothes toothpaste, asphalt, laptops. hang on i'm getting warmed up here. don't forget diapers, pacifiers around toys used by parents and babies around the world all made with oil or natural gas or both. hang on a second. in hospital operating rooms to keep u.s. healthy, fossils used in life-saving equipment, pacemakers, mri machines, iv bags, tubes, surgical instruments, monitors, stethoscopes. i'm not done yet. fossils critical to prostheticses hearing aids, glasses contact lenses.

hang on, chemicals derived from petroleum make soaps, anti-septics, life-saving pharmaceuticals used by emergency care doctors and physicians and by the way let's not forget fertilizer which of course impacts food prices which of course is yet another pocketbook, kitchen table issue. so there's a reason why former president trump calls oil and gas liquid gold. it is incredibly important to virtually every nook and cranny of our economy and because of mr. biden's "bidenomics," which wages continuous war on fossil fuels the likelihood is energy prices are going to continue to rise right into the next recession and the federal reserve is going to have to do something about energy, all right? they will have to go energy related inflation before the next recession. that is going to be the fed's 100-dollar challenge and that is

my riff for tonight. we'll continue the discussion later with the brilliant kevin hassett, former chair of the council of economic advisors. okay? but that is just the beginning, folks. first up we'll talk about son hunter biden suing papa joe's irs and biden attempts to intimidate whistle-blowers f that weren't bad enough, attorney general merrick garland is scheduled to appear in front of the house judiciary committee for the first time in the republican congress. we welcome our great friend, ohio congressman jim jordan, chair of the house judiciary committee. >> larry, i'm still laughing at that riff you had. did you just tell me democrats want to get rid of soap and pacifiers for our grandkids, for heavens sakes, is that what you just said? not just gas stoves now,

everything else i have guess? holy cow. larry: i was telling the producers when you heard this riff you would want to talk about it you would rather talk about the economist you're a good economist, mr. chairman, and i enjoy that. >> i don't know about that but holy cow that was quite the list. you're right they want to get rid of oil and gas for heavens sakes. president trump is right when this means to our economy and american families. i know we didn't come on to talk about that. it made me laugh when you went through that list. larry: no, it is an important point to just pause for 10 seconds here before we go into all the other stuff you're presiding over importantly, refined petroleum products and related products permeate, jim jordan, the entire economy. >> yeah they sure do. larry: very few people understand the importance and it affects every kitchen table, every pocketbook issue there can be, and like i said egg head economists want to exclude food

and energy, you can't do that, food and energy comprise for god's sakes what we do, et cetera, et cetera. >> you have to have energy to produce everything else. not just those list of products but energy to produce all the other things. energy is at the heart of it all and that's what the left attacks it is just crazy. larry: you a right, you're dead right, sir. anyway, chairman jordan, i just want, there are a bunch of things i want to raise up own your website. you have got a big hearing i guess tomorrow with merrick garland and some other matters as well but last night chairman comer, jamie comer was on laura ingraham and mentioned that you know this hunter biden lawsuit against the irs which is some what amusing, you could say it is his father's irs is really an effort to intimidate the irs whistle-blowers and presumably any other whistle-blowers that happen to pop up and i just

wondered, mr. chairman, what you thought about what jamie comey said? >> no of course that is what is going on but i will say this, the whistle-blowers testimony has been consistent. it stood up to four hours of cross-examination from democrats on the oversight committee two months ago when mr. shapley and mr. ziegler testified in that public hearing. the stories that have changed are the white house stories. the white house changed story about their involvement with hunter biden. i was not involved with anything. no, dinners, phone calls, meets most importantly the justice department story changed multiple times. david weiss wrote me on june 7 i have full authority to determine where and when it bring charges. he wrote me 23 days later, actually i want to change that i have can only bring chargeses in my u.s. district of delaware. to further confuse matters he writes lindsey graham, i have not chosen to go into special

counsel. i have had discussions with the justice department. three stories in 33 days. their testimony has not changed, has been consistent stood up to cross-examination, not the white house, not the justice department. larry: so is this, is weiss coming before your committee in october? >> sure is. justice department said he would come testify publicly. here is the date. we expect you to be there. we'll see if he honors that. my question attorney general garland will get a few questions about that. we'll see if he honors the economistment the justice department gave tuesday. we want to talk to a number of witnesses before that october 11th date. we put that list out there. we talked to two of the 11 out there thus far. they have basically backed up everything mr. shapley and mr. ziegler told us as whistle-blowers who come e came forward as irs agents who worked on the hunter biden case. larry: we followed this as we've tried to and you've been so

gracious with your time on this show. mr. weiss, the special prosecutor, whatever he is he has a lot of explaining to do. he not only changed his story, but put together the phony deal that gave blanket immunity. now he is coming back indicting hunter biden but we don't think it will go after the international transactions which is very much a part of hunter biden's story and that story, mr. jordan, is very much a part of joe biden's story. >> well, exactly right. you preside over an investigation for five years, an investigation that inits the defense counsel when you do a search warrant and put together a plea deal was so ridiculous the judge said no to it and a whole host of facts come out and preside over there and comes apart. judge nori ache can said wee never seen this before. we need a special counsel, who do you name? the very guy that provided over all of that. that makes no sense to anyone watching all over of this.

that will be a line of questioning tomorrow for the attorney general as well. larry: jim jordan, what else do you want to tackle with merrick garland? we talked about this down through the past. parents and their school boards, tried to bust them. i guess catholics with latin masses. i want to get to the trump prosecution as well. possible bribery issue where one of his, i don't know, u.s. attorneys or assistant u.s. attorneys brat tried to tell this stanley woodward who is a very good defense lawyer that your judgeship will be better viewed if you would pull back and not represent these trump people? i mean is that where you want to go with merrick garland? is there other stuff you want to raise today? >> all that i think will be raised but i think at the heart of all this is the disparity treatment, unequal application of the law, the double standard, i think that's the theme. when you look at david weiss selected as special counsel for the hunter biden investigation

after he presided over all that investigation over five years, versus jack smith, the guy who a few years ago was looking for ways to prosecute the very people who were targeted by the obama administration's irs, jack smith, who has indicted former president trump in two different locations i think that is the double standard i think we want to show tomorrow as well and ask questions about but also the school boards memorandum, the memo said we'll treat pro-life catholics as he can treatment i've fisa authorization and other things will be subjects members will have concerns about and raise questions about. larry: lit me just go, what happened, i know you want documents from jack smith, you want documents from down in georgia, the prosecutor, fani willis but whatever happened to the guy who was supposedly investigating joe biden's misuse of classified documents?

where, i don't think anybody -- >> no one even knows his name. his name is robert hur. no one heard from the guy. larry: you beat me to it. i know robert herr. >> great question. larry: whatever happened to this guy? u.s. senators first of all are not supposed to have any documents outside of the national archives library or secure room. neither are vice presidents this guy is supposed to investigate them. they're sitting by a corvette. we haven't heard a peep about that, basically they want to put donald trump in jail for next 750 years. >> who was the president, who was the president, ultimate decider on what's classified and what's not, they're going after him like crazy. they got this action, case they brought in miami but again as you point out we haven't heard anything from robert her. larry the one that scarce me the most, fani willis, we learned

this two weeks ago, literally looking to indict, go after three united states senators including the top republican on the senate judiciary committee, senator graham. she was a hair breadth's away from indicting them. that is crazy. simply for the senators doing their job. that is how out of control this has gotten, the double standard the vast majority of the american people understand now exist. larry: all right. chairman jim jordan, you are the best of the best. can't thank you enough for your time. i know you're very, very busy, we appreciate it. >> you bet. larry: don't forget refined petroleum products affect the entire economy every nook and cranny. >> they sure do. take care. larry: next up on "kudlow" can republicans get on the same page and actually pass 12, good, solid budget-cutting appropriation bills? we call it regular order, all right? will they actually cut spending?

we're going to ask the chair of the house ways and means committee, mr. jason smith. plus don't forget fox business will be hosting the second republican primary debate. that is going to be at the ronald reagan presidential library in simi valley, california. that will be on wednesday september 27th at 9:00 p.m. eastern and yours truly and our whole "kudlow" team will be broadcasting live out of simi valley. we'll host the predebate coverage and the usual show. 8:00 p.m. for the predebate. usual show 4:00 p.m. eastern, 1:00 pacific. i will have to get up early that day. i'm kudlow.t! you won' pt want to miss a thin. spray flonase sensimist daily for non-drowsy ♪.

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♪. larry: all right, so, a lot of maneuvering around, a lot of yapping, yelling, screaming. can republicans get on the same page and pass 12 appropriations bills in regular budget order, actually cut spending and avoid a government shutdown? i guess, maybe we can't avoid a government shutdown. anyway we welcome back to the show, old friend missouri congressman jason smith who is chair of the house ways and means committee. mr. chairman, thank you very much.

jason, i didn't, i wanted to talk budget but i just want to say if you have something to say about the impeachment inquiry from the ways and means, i mean you're the one who broke the story with the irs whistle-blowers and you know, we were thinking about since the budget stuff was in the news this morning and today but in fact do you want to speak to the issue of what's going, who is going to come before your committee or you want to hold that in abeyance? >> i would be happy to. we've been involved in this process since june when we released the two irs whistle-blowers testimony on june 22nd. larry: yep. >> which was over 15 hours of interviews. since that point the two irs whistle-blowers has given us additional documents that we're reviewing right know and we're going to set in the process which under federal law it is called 6103 that when there is private taxpayer information we

have to make that public through an executive session. that is how we made the 15 hours of testimony of the two irs whistle-blowers public, we'll be doing that shortly because there is some very important information that these two irs whistle-blowers have give enus in addition to their prior testimony, to back up their prior testimony. so it is important for the american people to see it, alongwith the judiciary committee and the oversight committee. larry: so, mr. chairman, on that point, i want to say hunter biden's got some nerve suing the irs for releasing personal information. as i listen to you, you're saying these whistle-blowers are actually doing their job and their duty? >> yeah. these whistle-blowers are brave. one thing about it, larry, throughout these several month that have passed the white house 's story has changed numerous times but guess what? those two irs whistle blowers have been consistent.

their stories have not changed. in fact we subpoenaed fbi agents and subpoenaed irs agents and they came before us and confirmed testimony of the irs whistle-blowers. you tell me, these same lawyers of hunter biden are the same lawyers according to the irs whistle-blowers that told department of justice prosecutors if they brought charges against the president's son they would be facing career suicide. that is what we're dealing with, larry. larry: well, jim jordan, chairman jim jordan had similar things to say. jamie comer last night on fox news also had similar things. the whistle-blowers have not changed their story but it is intimidation. basically hunter biden and his team, abby lowell, i know he is smart lawyer, they're trying to intimidate these guys. your point they have not changed their story one bit. so the intimidation is not working. >> the intimidation is not working. what i'm worried about the

intimidation of other whistle-blowers and employees in the irs and department of justice we need to get before congress and have them answer questions because it's a pretty big web, according to the information that we have received so far we have several people that need to come before us and answer questions. larry: so you are going to have some new faces coming up in the weeks ahead? >> absolutely. you know we just recently, jim subpoenaed several employees of the department of justice tax division. we need to bring them in. we need them to answer some questions, larry. larry: all right. that's very important. thank you, mr. chairman. can i just bring you back to the budget goings on? house freedom caucus tried to align with the main street, main street republicans in the conference. didn't seem to work out but as i understand it speaker mccarthy is saying all right, we may or may not have a vote on thursday but there may be multiple votes

as people try to move nos to yeses, and i assume you're on board with that. if you're not please disabuse me of that notion. >> no, speaker mccarthy said we'll stay here until we get the job done. do we have a fight ahead of us larry? absolutely. let's not forget the united states senate which is controlled by the democrats have yet to pass one appropriations bill. we have passed some appropriations bills in the house of representatives but the democrat-controlled senate has not passed one and let me tell you, the american people are tired of this reckless spending. they saw $10 trillion of spending happen in the first two years of joe biden's presidency where nancy pelosi and chuck schumer controlled everything. it led to inflation increasing 17.4% for all americans, making it more difficult for them to put food on their table, clothes on their backs, gasoline in

their cars. i will not allow the democrats not own they can't even pass a bill in their own chamber. larry: you know, jason, you and i talked about this down through the years, if you could get regular order, i know that sounds like it is in the weeds. all that means there are 12 appropriations committees if i have that right. if each one passes an appropriation bill in their jurisdiction then you won't have to have these crazy omnibus spending bills in the dead of night and nobody knows what's in them, whether maui disaster relief or ukraine funding or you know, the man on the moon. to me the taxpayers can understand what each appropriations subcommittee can do but if it is one big bill no one will know what is in that bill until it is passed. >> that's exactly right. the american people, members of congress, we want individual appropriations bills. this is something the speaker has been pushing from day one.

we're going to continue to push for it. i don't believe you will see all 12 appropriations bills passed out of the house and the senate agreed to before october 1st is when government funding ends. so i think you will see a huge debate right now of how do we fund government moving forward until we pass these individual appropriations bills. larry: but also, just the last one, mr. chairman, as i understand it, the resolution on the table now would also at least help to close the southern border which is as new news reports today completely and utterly out of control? >> larry, when you travel across this country that comes up. other than the cost of goods going up with inflation the unsecured border is a huge topic and a huge concern and that is exactly what our plan is, is hr.2, which passed out of the

house, putting that, attached to the continuing funding bill well. have to secure our border. even the mayor of new york city, the democrat mayor is saying that they can't handle the disaster that's happening. let me tell you even democrats in rural america are seeing what's happening but the democrats in washington, d.c., they're so out of touch, they want open borders. they want these policies joe biden are pushing which are all wrong for america. larry: thank you for your help, chairman jason smith, we appreciate it very much as always, sir. >> thank you, larry, you bet. folks as i said in my riff, the fed has got a 100-dollar oil challenge coming. they may not tighten tomorrow. probably won't raise their target rate but they will have to if the oil keeps going up and gasoline keeps going up. 2 it will end in recession. we'll talk about it with the great kevin hassett. we have liz peek, biden is backing the uaw on wage demands. we'll give elon musk and

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♪. larry: all right, as we mentioned at the top of the show which i might add chairman jim jordan loved so much, we have to talk about the federal reserve's 100-dollar oil challenge, we welcome back to the show, the smartest guy on the planet, kevin hassett, former chair of council of chick advisors, the author of the most important book of the 21st century, the drift, stopping the slide to socialism. you can't get a better intro than that, face it you can't get better. there is truth to it. i'm reading your mutual friend larry lindsey today. he is making this observation, the atlanta fed posting the gdp

tracker 4.9% for the third quarter. that may or may not bob up and down, i understand that and the cleveland fed has a pce deflator of 3.4%. so total spending in the economy, nominal gdp, 8.3%. that is not restrictive monetary policy and on top of that, kevin, i want to raise this business about 100-dollar oil because it seems like we're going there. everybody's cutting production and as you well know joe biden response is he wants to cut production even more. he just took new mexico out of play and almost all the gulf of mexico. my question to you, with the fed meeting tomorrow, jay powell speaks tomorrow, yeah, they will keep rates steady but won't the fed have to tighten into this latest oil shock, kevin hassett? >> yeah, absolutely they will.

this is something you and i have been talking about a couple months now. i remember when oil hit $70 a barrel we had a conversation it would go to 100 you might recall because it is one of the things we've seen over and over in markets, economists say is non-linear, once you get past 60 bucks a barrel you can jump over 100 relatively quickly because you have got constrained supply and that is something we see right now and basically the history is this you go up around 100, as much as 120, the whole world economy slows down. as the world economy slows down, the demand for energy slows down and oil price will go back down below 60. we're at the front end of that. the front end is real challenge. i think the rates are 100 points too low and gdp, oil price data, inflation are saying the same thing. larry: that is the thing. economists like to say excluding food and energy and we only look at the core rate.

the reality is, we talked about this at the top of the show, refined petroleum products affect almost every nook and cranny of the economy. their reach is absolutely incredible, okay? you can't ignore that. and plus you can't ignore fertilizer which impacts food prices in a major way. these are all the kitchen tabletoppics, the pocketbook issues that have gotten people furious and already we've seen the level of the cpi is up 17%, energy prices up 50%, et cetera, et cetera, during the biden administration. i mean the fed's job is not done and if they were going to coast through this fall, kevin, i think 100-dollar oil throw as monkey wrench into those coasting plans? >> right. it certainly does and the reason why it is a kitchen table issue, larry, as you well know is that people got to get work, right? people have to move around, right? products has to get to walmart.

what happens the price of gasoline goes up, people consume the same amount of gasoline but they pay a lot more. you can already see it in the retail sales in august. i'm sure you noticed. retail sales were strong because everybody was spending so much money at gas stations. if you took out gas, retail sales were flat. that is basically the story of america right now. so again maybe the fed is going to say all that, retail sales are flattening out because everybody is spending money on gas so we can ease off a little bit on the hikes but i think that inflation if you look at top line inflation in august will be .7, something like that, you were citing the core number i think and so top line inflation at .7 is not a place where the fed should pause. for me it is looking like the '70s again. if you compare right now to the '70s, it goes up, goes down, goes up again. we are on one of those up again points. the fed seems to be as much denial as they were in the beginning when they said it was supply chain disruptions.

larry: we'll see. do you think jay powell will scare the markets tomorrow, people will say no problem, soft landing, no more tightening? >> you know i have the highest regard for jay as you do. we used to have lunch with him while we're at the white house. he is real serious about fighting inflation, 100% want to. he is getting bad advice. jay is not a phd economist. they have 500 of them at the fed. all of them are trained by kensyians in cambridge, massachusetts. we're all going to be okay but we're not. jay will see another month or two of bad data then he will crack down hard. i guess he is signaled a pause. he doesn't want to surprise things. that he won't be crazy when he talks to markets this week. larry: kevin hassett, we'll leave it appreciate it. >> thanks, larry. larry: live on set, liz peek, syndicated columnist, fox news contributor, deroy murdoch, senior fellow at the london center for policy research and

also a fox news contributor. what is this oil thing do? i will go to deroy first. deroy, this is a basic necessity including the fertilizer, dot, dot, dot, food part, right? these are all kitchen table issues what does this do to the race? what does it do to the presidential race which appears to be trump versus biden? let's assume that for one moment? >> sure. joe biden seems to be trapped in a spiral of self-destruction. easy way to get away frown nation problem, we'll drill, bring down oil prices inflation will follow and inflationary heat gets off his back. just yesterday in new mexico let's block of thousands of acres there. just last week no more drilling in alaska. that is pushing up oil prices $70 a barrel a month ago. pushing 95. up will go inflation, all based on this religion oil is evil. if oil is evil, there guys skateboard, there goes backpack, there goes syringes, there goes

shower curtains. not just driving electric vehicles, we have oil in everything. he is fighting that. that will put him in bad shape next year. larry: every a list of 200. i will not bore with you that. you can dial up the list on the show. liz peek, with all this happening here comes the uaw. i may not agree with everything they want but they have been clobbered by increasing prices not just the last two years but they haven't had a cola adjustment going back to the crisis of 2008-2009 when uncle sam bailed out the auto companies, not ford but bailed outcries letter, fiat, gm. here comes uaw, what does this do for the presidential race? >> i think this is big problem for jay powell and joe biden obviously. joe biden is ticklish position here. the ev mandates made the uaw angry about the potentially

dwindling membership in the out years and they're right to be worried about that they don't want biden involved in the negotiations. they came out and said we don't want your help, pretty stunning for a president who has been happy to weigh in on this but jay powell has to deal with rising oil prices, that is completely right. hundreds of thousands of people striking and going for big raises in the u.s. no one is talking about wages in general going up because the average hourly earnings have been going down or not rising that fast but i think that's because you have had a flood of people into hospitality and low-paying jobs. larry: right. >> i think right now there are tens of thousands of kaiser permanente employees societied to strike at the end of the month if they don't get a big, big, whopping raise. ups obviously handed out substantial increases in pay when they settled about three weeks ago i think or four weeks

ago. this is not the end of it. the uaw is sort of top of the heap right now, top of the mind but the truth is union labor across the country, looking at ups, pilots union and uaw saying we want ours and they look at the inflation for the last two years. i mean larry, five years ago when these contracts were written no one expected 8% inflation, 5% inflation which is what we had the last two years. larry: did you know d.j. norquist used to work at the cea at the trump years was e-mailing me today, over 20% of the new jobs in the past year are government related. >> government jobs. isn't that something. larry: you're saying if you add on health care isn't that mostly government related jobs, health care? >> no, i don't think. kaiser permanente is not health government jobs. additions to government i'm assuming -- larry: medicare, medicaid,

constellation. >> a lot of teachers were laid off during the covid period. so i'm assuming its that. that is worth looking into. that is not healthy of our economy by the way, that is big slug of new hires. unproductive work. larry: right. >> i think that is concerning but i think again, what jay powell is going to have to deal with, he looking at all these big raises and saying okay, that is not what my 2% target looks like and i think kevin's right. i think he is behind the curve. i made the idea we'll pause again and then start raising rates again? that seems horrible to me. let's get this over with. do what you have to do. larry: if you hit a back hand you have to hit a back hand. >> exactly. larry: can't keep running around on your back hand. >> that's right. larry: deroy, we're talking about trump is going out to, i don't know, rally or talk to the uaw rank-and-file, give a speech. biden pulled back in sheer terror and panic i suppose.

you wrote a piece for "the daily caller" you suggested mr. trump should also rally in black communities. we don't have a lot of time, just give us a thought on that? >> just briefly. he ought to hold maga rallyies in brac neighborhoods. we've seen increase of sport for republicans in black folks. 20% up. he ought to go to black neighborhoods. the left will freak out. they won't know what to do. larry: liz peek, die deroy murder dock thank you very much. we have a education crisis in, we sure do. we need more school choice and less idealogical indoctrination on the left. jackie deangelis and brian brenberg join us on set when "kudlow" returns. feels like somebody's poking directly on the nerve. i recommend sensodyne. sensodyne toothpaste goes inside the tooth

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♪. larry: so we've got ourselves an education crisis in america ongoing among other things. what we could use is some more school choice a lot less indoctrination, maybe a little less sex and gender while we're at it. talk about it, town hall, they have a town hall this thursday on the state of education in america. we have brian brenberg and jackie deangelis, co-hosts of "the big money show" right here

on fox business. jackie, start with you, school choice, spot to be central to reform? >> absolutely and so many people are just kind of fed up with the school system and what their kids are learning in school. you're talking about the sexual education to little kids. we've talked about on our show a lot about critical race theory and all these different things. they want to have options. they don't want to be bound to the public school system. you see how we're falling behind here. we keep loosening up the rules to make it okay. i have a friend whose child can't read in school. a little kid. we had a big discussion in dinner. you have to work with your child at home to help her. she said i will send her to school to teach her to read. it is not enough anymore. larry: inner cities about the worse, brian, big tragedy? i'm just guessing i'm not a expert, inner cities, minority groups, et cetera? >> yes, and that has been true for some time, larry but the

fact is even if you go outside of traditional tough spots education is not working for people. parents are finding out what their kids are learning, saying wait a second, that is what you're doing in the classroom? we know the problems when it comes to literacy, math, when it comes to every subject. the point of the town hall is to talk about solutions there are ways out of this. there are states that are pursuing school choice. there are entrepreneurs building new alternatives. let's talk about that, forge a path. people who take advantage ever the alternatives are ones who create future in america. larry: school choice growing, is that fair, growing? my pal, betsy devos who was education secretary, i want to ask you about homeschooling. >> yeah. larry: i wanted to ask you about religious schooling which in some areas is frowned upon but i think should be part of the mix or what do you think? >> i agree with you. homeschooling brian knows a lot about, we discussed it on our show because he does it. >> i do it.

>> charter schools, religious schools. people are looking for options and to be able to have more control. it is about parents wanting to take the control back, the government put its hands into everything. think about it, larry, you know this as well as i do, you start them at a young age we can't see the impact of that now but in 10 or 20 years when you have a whole generation of kid coming out with this kind of ideology, all of sudden the landscape changes. larry: why is the, i know it is an easy target for conservatives but why do the teachers unions remain such staunch opponents of school choice? i don't get it. >> you get it when you have to compete against something that can show you up and the problem is they know when you've got institutions where teachers have flexibility, where they focus on the basics and not ideology those schools perform better. kids like that more. the results are good. that's why, the states i live in larry, we homeschooled our kids a very long time. they give us nothing. they give us none of our

taxpayer dollars back because they hate of the fact we've taken control and that we care about values. part of a homeschool education or private school or religious education is you're talking about values there. people ought to have the choice to say you know what? if i'm a christian or adhere to another faith that can be part of my education. no problem with that in america. nothing to do with the constitution to allow people to do that. larry: if the kids left the public schools for private school of some kind, teachers could go with them. >> absolutely. larry: have a happier existence. it is bureaucracy that is the worst part of the worst story. we got to have a fix. america, we don't want to dumb down america. brian, jackie deangelis, brian brenberg, big money playbook, that is what it is called, education in america, this thursday, september 21 at 1:00 p.m. eastern. if you want to be a part of their live studio audience go to eventbrite.com and search big money. i think it is all free

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