already discounting a recession. a recession is probably a little more problematic in the very short term but, coming out of that slow down, small cap stocks tend to be the best performing areas there and again, at less than 20 times earnings for small caps and less than 10 times earnings for micro caps, we think a lot of that is in the price of the stock. taylor: they did really well during the trump 2016 era, when small caps really took off. nancy, we want to thank you for your time. [closing bell rings] the as you sankey the dow snapping a two kay winning streak as we await the nvidia report. that is coming next. that's it for claman. "kudlow" is next. ♪. david: hello, everyone, welcome to the a special edition of "kudlow." i'm david asman in for larry kudlow. kamala harris flip-flops are piling up all over the place. first it was the economy, energy, health care, crime, now

you can add the border wall and ev mandates to the list of flip-flops. it sounds like harris is backing away from her wacky grocery price controls as well. does she have any policy beliefs left? how are the american people supposed to trust anything she says at this point? rich lowery and clay travis on all of that in just a moment but first fox news's jacqui heinrich is live at the white house with more of the details. hey, jack di. >> reporter: hey, david, vice president harris is embracing the bipartisan border bill foiled in congress this year as her 2024 and includes pretexts for 650 million-dollar border wall funding set aside in trump. harris campaign is not saying this is new money but they have not been clear whether she supports more money for the border wall, because she keeps showing it in her ads depicting her tough on the border, take a

look. they could have shown just about anything else, including the technology the administration always promoted as their main tool. a source in the harris campaign down made this. democrats deployed use and support of barriers at various point in the border where it makes sense. framing it as a part of comprehensive approach fixing the immigration system including a pathway to citizenship. democrats supported border barriers in the '90s and early 2000s, border barriers have not been part of the democratic mainstream for years. one time biden was forced to fund construction it was because he was forced to in court. >> money was appropriated forced border wall. i tried to get them reappropriate, redirect that money. they didn't. they wouldn't. meantime there is nothing under the law other than they have to use the money for what it was appropriated. i can't stop that. >> do you believe the border wall works? >> no. kamala harris said the same

thing in 2020. she wrote, trump's border wall is is a pleat waste of taxpayer money and won't make us any safer. republicans are trying to call her bluff. >> if kamala harris really wants to build the wall, you had four years to build this wall. 70 days before the election all of sudden you want a wall. i will make an offer to the vice president. send me over your wall proposal, i have will get you all the money you need if it is a real proposal. >> reporter: now the campaign is telling us that harris' time as vice president led her to moderate some of her more liberal policy positions including on decriminalizing illegal crossings which she now in line with the administration considers to be simply illegal. but would she build more wall? we just don't know. david. david: a lot of things we don't know. jacqui heinrich, thank you very much for that. for more on all of this, let's bring in rich lowery, editor-in-chief of the national review, clay travis, founder of outkick, fox news contributor.

thanks for being here. clay, we've seen flip-flopping before. we saw what i consider to be positive flip-flopping by bill clinton after he was shellacked two years after elected president in a midterm election he switched to the center. he went along with newt gingrich republican heading to congress at the time on welfare reform. he cut capital-gains taxes, but you can also think of the flip-flopping of joe biden who came in to the presidency in 2020 claiming to be a moderate good ol' joe. would go right down the center. he has been the most leftist president in my lifetime. what will it be with kamala, what do you think? what are your best instincts? >> it is normal to move towards the middle as you get closer to an election to appeal to people who are independent voters. the problem with kamala best predictor what she would do is what she already has done. she has been a sasster for 3 1/2 years as part of the biden administration. it is not she is moving towards

the center, she is completely reversing policies she argued against for years. she now wants to build a wall. she doesn't support mandates for evs. she now supports fracking. she thinks we should fund the police, instead of defund the police. it is another thing to moderate your opinion. it is another thing to flip them. she is a chameleon, dishonest politician even by dishonest politician standards. more time americans spend listening to her, the more they see it. david: by the way, rich, we haven't heard from herself about that. she has this interview coming up. i don't know if there will be a hard ball questions to get a real answer from her on this. she may be an opportunist not the same way bill clinton was an opportunist, right? >> bill clinton grew up in arkansas and knew what it took to appeal to conserve leaning voters, accounted for his situational politics and caution and compromising nature. she is not that. she is a left-wing vacuous

opportunitiesist. she is both of those things. clay is right. people can change their positions, she changed 10 things in the space of a month without any explanation with her own words. another thing to henry walls, fellow traveler on fdr's ticket became an anti-communist. wrote books, took decades for the transition to occur. doesn't happen in matter of weeks unless she is trying to game the american public. david: she is no whitaker chambers. che, there is a darker side, a possibility, i put this out there as a possibility, kamala harris's father, marxist professor. he is still alive. her deceased mother was on the left. i mean, i think of fidel, i used to cover latin america. fidel castro came in, the reason he took over power was he convinced all the business sector in cuba that he was an anti-communist. that he was pro-capitalism. san today niece at could it be e

dark side all this stock is just talk and she wants to go really far to the left, even further than biden has gone? >> well i think certainly, if you look what she is saying she will do with the tax code. taxing unrealized capital gains, raising the capital gains tax rate to 45 1/2%, raising overall marginal tax rates, these are very left-wing actions. i would actually isn't to you though the biggest issue with kamala harris i don't think she really understands economics that well like many democrats. if i could wave my magic wand one rule have to be in place for everyone who is an elected political official in the senate and the house and certainly as a part of kamala harris or donald trump's administration it would be this, do something i think a lot of your viewers have done. have to make a payroll. you have got employees have to pay mortgages, you have got a business that has to make money, you think about the way you spend money differently when you

ever have had to sit down in front of an xcel spreadsheet, okay where is the money coming from to pay everybody who works here. kamala harris has never had to do that. she has been a federal employee her whole life. david: i will disagree on one point. you can still be an economist and be an idiot. >> i would actually agree with that. david: her father seems to be persuaded. he was economist, ad stanford for goodness sakes, he was persuaded by marxism. there is something about the policies. take the ev mandates in particular. american people have decided, they have looked at evs in cold weather, realized they don't work as well. they don't go as far as gas-powered, they realize evs weren't what they thought would be. here is what kamala said about evs a while back, roll tape. >> will everyone have to drive electric cars? >> by my plan, 2045 we will have

basically zero emission vehicles only, 100%. david: but people, rich, don't want it. i confronted pete buttigieg about this. again this is industrial policy. this is marxist industrial policy. they don't care what the people want. they have got their five-year plan and they're sticking with it. here is my exchange with buttigieg about the ev mandates. this was last december. roll it. >> i don't know a lot of people who think that americans in 2050 are still going to be driving that old technology, that combustion technology that we inherited. david: americans like it. americans like it. >> the big question is you're not going to meet a lot of people whoever go back after they have gone electric. i think that really tells you something. david: guess what? makenzie and company, it is not a conservative organization, came out with a study saying 50% of ev owners say they're going back to gas because of all those reasons, because of a cold chicago winter where evs didn't

work because of the cost, resale value sucks on evs. they have, americans know what they're doing. they have good reasons for not wanting to do what pete buttigieg says, oh, definitely, they will do. >> evs found a market. it is an extreme niche. affluent people, second or third car who think a tesla is really cool for understandable reasons but that's not most people and most people want the choice. this is another flip-flop that again, this is not something kamala harris wrote in a college op-ed 40 years ago. not something she said off-the-cuff in an interview when she was, this was a core commitment a core policy commitment that she is changing on again without explanation. dana bash could do nothing else in that cnn interview ask them to change the position and run out of time. she wouldn't be able to get to all of them. david: clay, do you think we will hear something? do you think her feet will be put to the fire god forbid in the interview? do you think donald trump will be able to tickle all these

contradictions out of here during the debate? >> the problem is with the dana bash interview will air on cnn. it is not live. she will not have running mate with her, tim walz. it is easy to have two people to filibuster in response to many questions. so i think the question on evs is a great one. i'm going down as many people are, going to be traveling over labor day. i've driving to the beach. i can't make it to the beach on an ev charge. i don't want an electric vehicle because i would lose my mind if i had to stop for an hour and try to charge my vehicle or write in line to be able to do so. i want to be able to pull in a gas station, fill up in five minutes, keep going. i have got three kids in my car. i don't want to worry where we will have to stop. whether or not the car will be able to be charged. i think that is the vast majority of americans. people are finding out, it ain't as easy as though said, if you're driving a few miles, it is easy, you can drive your car overnight. if you're trying to drive distance, it is not a good

thing. >> charging stations trying to build them, lavishly funded built seven or eight them. no one ever subsidized is a gas station. stop there three minutes. david: the market found a way. >> buy a bag of doritos, a coke and everyone is happy. david: that came up from the market. switch to rfk and tulsi gabbard. rich, i go to you on this, right now he thought he was being clever, pulled himself, pulled himself out of the states he knew trump would win, keep in the swing states. now the swing states who are trying like hell to prevent him from running in their states, now they want to keep him in because they think it would pull from trump. how is that going to end up? >> we have rank hypocrisy of people in favor of democracy trying to keep a candidate off the ballot, silence them. i thought that was the most compelling part of his speech last week, the first ten minutes, going how rigged this process is. look i don't think he helps trump hugely but he doesn't have to help by a percentage point in

lot of these states. 10,000, 5000 votes could matter a lot in place like pennsylvania or michigan. david: clay, finally, this has to be the last question, the facebook revelations that we had, that they really was censorship. we all knew it. >> yeah. david: we all suspected it. finally it is out there. it led us back to a 2022 congressional hearing of mayorkas and senator hawley was asking him whether the dhs, department of homeland security was putting pressure on these organizations for censorship. i want to play that get your reaction. roll tape. >> we have example of a example of this administration coordinated apparently, according to a federal court by your agency, pressuring, coercing social media companies to engage in censorship. is that constitutional? >> that is unequivocally false. >> is what the emails show. >> it is unequivocally false, senator. david: we now know it is

unequivocally so. it is unequivocally true. where will the price be paid for all of these lies about censorship and spitting in the face of your first amendment? >> well, look, i think this is a single issue for many people out there because it's the most important. if you don't have freedom of speech, if you don't have a robust marketplace of ideas, you can't actually reach the best possible conclusion. so for me, i think for tulsi gabbard, for rfk, jr., i think for elon musk, there is not unsubstantial coterie of people out there almost willing to vote almost entirely the, not whether they agree with candidate, just who will support free speech the most. senator hawley questioning of mayorkas this is evidence of what is fundamental truth. the government cannot through deputization through someone else do what it itself would not be able to do. the government cannot take down your facebook post. it shouldn't be able to demand

facebook do it either. david: we've seen lies from this guy before. to see that flat-out lie now completely discredited. we have the evidence it was a lie. it is amazing they can get away with these things. he still has his job. rich louerry, clay drafts, thank you for coming in. coming up home prices soar to a record high in june making the american dream further out of reach. kevin o'leary will weigh in on that when "kudlow" continues. ♪. ya know, if you were cashbacking you could earn on everything with just one card. chase freedom unlimited. so, if you're off the racking... ...or crab cracking, you're cashbacking. cashback on flapjacks, baby backs, or tacos at the taco shack. nah, i'm working on my six pack. switch to a king suite- or book a silent retreat. silent retreat? hold up - yeeerp? i can't talk right now, i'm at a silent retreat. cashback on everything you buy with chase freedom unlimited with no annual fee. how do you cashback? chase. make more of what's yours.

david: well as americans face rising costs the american dream seems more unattainable. our own gerri willis is standing by with all the details. gerri? >> david, burdened by persistent high prices and high interest rates more and more americans are saying achieving the american dream, owning a home, having a family, affording a comfortable, that is, retirement is getting more and more difficult. according to a poll from "the wall street journal" and the national opinion research center, 96% of americans believe financial security is important or essential but only 9% believe it is easily attainable. financial pressures are making it tougher to achieve goals not normally associated with the

economy like getting married and having children. while nearly 2/3 of americans said marriage was essential or important to their american dream. less than half said it was easy to achieve. that complicating long-term goal saving for comfortable retirement, only 8% believe that to be an easy goal to achieve now. a lot of this has to do with housing, with young people feeling the pinch, that most housing prices are up 41% since the start of the decade and interest rates have remained high. because of that despite 89% thinking homeownership is on only 10% think it is easy to achieve. there is a silver lining here. there is a growing sentiment among realtors that prices will stop their climb and remain flat in the housing market over the next year. here is one piece of good news, just like everything else getting more expensive, so are stocks in fact. there are now a record number of 401(k) millionaires. so that comity retirement may

not be as far out of reach. david: they may hit with the wealth tax if kamala kamala hasr way. for more bring in kevin o'leary, chairman of o'leary investors and "shark tank" investor. kevin, you're non-political. you want common sense to prevail no matter what party, if you think like a democrat, you think the solution to that problem is what? more government government spending. kamala harris came out with her housing plan, one of them. one of them includes price controls for people who have rental property but $25,000 for new homebuyers, how do you think that would affect the housing market? >> well, i'm in the real estate market. i'm pretty familiar with what's going on there. i wanted to add one element to this. i have over 54 portfolio companies. pretty well split down the middle in terms of men and women, ceos.

some are democrats, some are republicans. we need policy. what we pursue is to understand policy to make our plans how we will invest in quarter two, quarter three, and onwards next year. we're desperate for policy. we really need it. same thing in the real estate market. i need to understand what is going to change on cap gains, on taxation, particularly important when i syndicate a billion dollars worth of debt or equity in a real estate project. i'm doing data centers these days. they're up to thee billion dollars for each campus. we're all waiting for policy. there is 50-50 chance harris is the president. i'm okay with that. i need to understand what's her policy and i have never seen a candidate in my life that doesn't do live interviews with the press. this is unprecedented, where they would ask those questions. i'm very uncomfortable about it. i'm very vocal about it. i'm saying come out, come out wherever you are and talk to the press live, live, live.

david: to get policy though you have to ask the right questions. you have to know what the problem, the problem with housing. i will simplify it, correct me if i'm wrong, you know a lot more about it than i do, the housing problem we have in the united states, the thing that's jacking up the prices, of course interest rates are another matter, is shortage. we have a shortage of supply. a lot has to do with the pandemic and other things but, if you have a shortage problem in housing is this the right way, is this the right policy, this 25,000-dollar deal, to deal with it? >> no, that's beyond insane. think about it. you have a shortage. you then flush more helicopter money from the sky. you cause inflation because if you're the seller of a house and you have 15 bids, you know that person received 25,000, you up your price 25,000. the price just went up. of course that is going to happen. we had a shortage, number one, low interest rates, mortgages

were below 4%, they're only halfway through the system. you have millions of people with mortgages 3.7, 3.8, don't want to sell for another three years. they are not selling. they don't want to a 7.2 mortgage. the other insidious problem, california is a good example, the policy on regulation, so punitive to set up a track of land to build housing many people don't even do it. i don't even invest in real estate in california or new york. it is impossible to get the permits. the craziness bit it is, it is holding back pricing. up to 40 to 50% of embedded cost in each house is regulatory cost getting through the process. how insane is that? something has to deregulate that. that is how you get more supply on the market. we have massive problems on supply, but $25,000, free helicopter money is insane. that's a crazy notion that will never happen, never happen.

david: here's another bit of insanity for you, one thing we know about price controls, they always cause shortages because in a free market people won't produce for less than nothing. you just can do it. so price controls, now the way she thinks she will increase rental properties is through federal price controls of rental. i mean, if that doesn't cause a shortage i don't know what would. >> no, there is huge problem with that here is what happens to a price control building, no cap-ex, no maintenance. starts to fall apart. there is no incentive for the landowner or the person who built the building to ever spend another time on it. they just slowly crumple. that soviet style pricing. if you went in the late '80s, and looked into the soviet union, i was a software salesman then. i would go into buildings in controlled regions of ussr code, controlled rents, turn the knob,

it would fall off the door. i'm not kidding. david: i was there too. i remember. >> you can't have this idea ever work in america. controlling prices just doesn't work. it distorts markets, causes inflation, reduces supply and the cap-ex on buildings collapses. everything looks like it just was made 100 years ago and falling apart. i don't know where these ideas are coming from. these are really bad ideas. david: kevin i want to squeeze one more in, which is the wealth tax, taxing unrealized gains on everything. first of all it has been tried more than a dozen times in europe. almost all of those have failed terribly. i think there is only one country still has it out of more than a dozen. you're taxing, you're taxing unrealized gains not only on stocks but farmland, paintings, gold, whatever you have, not only is it bad policy because it hasn't worked but it also increases intrusive power of big government. they have the right to go into your house, figure out what you

have, might have gained that you have to pay more taxes on. big brother writ large, not only doesn't work but it also, increases an intrusive state which most people think is already too big? >> of all the suggestions i heard on taxation i find that the most offensive because just think about america. 62% of jobs are created by my people, small businesses that have between five and 500 employees. we watched the value of our companies go up each year even though we're struggling to keep them going with all the regulatory environment and all the competition but we do it. and all of a sudden we get a tax bill, say our business went being worth 10 million to 20 million over five years. where will i come up with 3 or $4 million cash i don't have and never had. when you think pragmatically about these ideas you understand

how bad these ideas. reason own she has to do that on live interview the election is decided by 100,000 votes in seven states. forget about the 43 states already made up their minds. everybody we care about now, i'm a small business owner, i'm running a dry cleaners, you're telling me i own $800,000 four years after i open it i don't have? think about that. that makes no sense whatsoever. that is so un-american. it is un-american, un-american. david: so with intrusive power, the irs is already pretty intrusive. imagine giving it more power to. >> around your house to figure out what they are going to tax. kevin, we have to leave it at that. thank you very much. appreciate you being here. coming up kamala harris's vp nominee tim walz has a long history of ties to communist china. we'll talk about it with peter schweizer when "kudlow" continue

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♪. david: well china hawks are slamming tim walz' long history of ties to the ccp, the chinese communist party. joining me now is peter schweizer, president of the government accountability institute. peter, i was just talking, steve forbes is here, we were talking about what a national treasure you are. you really are a national treasure. you do digging nobody else does, and we can all use it, it is good, solid information. this we're talking about with walz, different from the stuff you dug up about the biden family. that was primarily for money. this looks like he is just a true believer, am i wrong? >> yeah, no, or a fellow traveler at least. no, i think you're right. a couple things stand out here, david, there is nothing inherently wrong with having an exchange program with china. the problem is, he a, essentially tryings to conceal the volumement of the ccp in the

exchange program that he had. he originally said reported to the media originally sponsored by harvard university. harvard said not the case. two harvard graduates helped him. he was masking the fact that the trips were financed by the chinese communist party. in the 1990s he bragged by the fact they were subsidizing these trips. the second thing stands out about the relationship, he was telling american students curious things. he was telling them for example to downplay americanist when they went to china. the purpose of cultural exchange is to learn from each other. david: that's right. >> the second thing, that he gave this ridiculous analysis of the chinese communist dictatorial system. he said there is no poverty in china, he told the students because they share, unlike in the united states, they have a system of sharing. so that's really the beginning of it. these ties have extended to when he has been positive governor of

minnesota. david: it is a wonderful system if you don't mind getting rid of your system everybody being equally poor. no freedom. everybody is equally poor. it was the same in cuba. there was a little more market mechanism in china when deng xiaoping after mao, they had a got run for 10 years. when xi came in it was back to the mao talk. i want to put up diagram we put together. kamala harris could make a ven die graham. this -- venn diagram. this is how the obsfucation work. walz was working with chinese american association of minnesota up on the left of the screen, the top left. that went over to the overseas chinese service center. then they were, were hearing from the united front work department in china and the real master of the house was that overseas chinese affairs office. have we got that, i know it is not a venn diagram, apologies to

kamala harris but is that about right? >> yeah, no that is exactly right. look any exchange programs that exist with china are run by the ccp and by the united front groups. they're designed to expand the power of the ccp. the problem with walz is this just isn't ancient history. when he was the governor of minnesota he actually gave a speech to united front group in minnesota. he was curiously the only government official there. there was nobody else in the state of minnesota in any official capacity that was there. he gave a keynote speech and what he does, he will bring up human rights in china but he always, always, does it in the context of well we have the same kind of problems here in the united states. david: oh, yeah. >> in fact he met with premier le, the number two man in china in 2016. he raised the issue of human rights but he told the premier of china, but don't look to us as being a model because we have lots of problems too. that is exactly what china

wants. david: that is the same garbage we heard during the soviet union from them and from the fellow travelers like bernie sanders who went over to the soviet union. no, you have got problems but we do too. it is basically the same. it all evens out. very quickly what is the ccp's front office, the folks in beijing? what do you think they're interested in from a guy like walz? >> oh, they're interested in eye heat and capture. the goal here to have somebody to provide in their terms big help with a little badmouth. they understand he will have to criticize them from time to time but really want they want, david, they want access to our technology, access to our capital markets, access to our market in general to sell goods. if you advocate positions in those areas and criticize them from time to time they they are extremely happy. that is what they got from tim

walz. they were not happy with donald trump using tariffs not for economic persons but political purposes. if kamala harris becomes president, he will become the point person for china and that is an enormous problem in my mind. david: peter, you're a great man, appreciate it. >> thanks. david: will kamala harris's interviews affect a market that seems to be teetering a little bit. joining me steve forbes, forbes chairman editor-in-chief. steve, thank you for being here. seems like the markets already priced in that 25 basis point cut in september, right? so it is kind of, kind of tiptop sy right now and, the market wasn't so bad. the nasdaq got hit hard over a percentage, over a percent loss. nvidia came in with gains but much less than was expected. after hours they're trading down about 5%. could, all these, all these, i shouldn't say, with a interview

coming up with kamala harris, one, a debate coming up, if she keeps pushing her price controls and tax, new tax policies do you think the market will freak out a little bit and take a hit? >> i think they are looking now, and take on reality they don't do in months in the past, the key thing is she will pretend she is changing her mind on things, you can't believe it. it is not true. that's why they have spokespeople leak that she is changed her mind on something. she can't do it openly. she won't put it on her website. these tax increases, you do a fraction of those, you will send this economy into a depression. david: yes. >> this is not about economic modeling this is a disaster. it doesn't take capital. it destroys creation of resources without which you don't get a hing from economy. david: we talked to kevin o'leary about specifics on this,

the wealth tax, which is so, so unfair and impractical. it just doesn't work. it has been tried in every variation but what kills me the most is how you keep hearing this rhetoric from the biden/harris administration only the rich benefited from the trump tax cuts. in fact 65%, even "the new york times," even put up old "new york times" headline, 65% of taxpayers got a tax cut under the new tax regime that donald trump got started. the top 1% went from paying 40% of all income tax to 45%. so they were paying more as a percentage of income tax and the revenue, this is the extraordinary thing, again you heard from biden saying it cost two trillion dollars, it was just the opposite of that. it brought in 48% more income than you had at the beginning in, in that five-year period between 2017 and 2022, we had a

48% increase in tax revenue as a result of a more active economy. >> well, it gets to the point, when you remove burdens on people they do more and what the problem is, it's a spending problem, not a revenue problem. and the shocking thing is, you have covered and others covered, we're spending more today than we did at the height of the covid emergency. david: yes. >> which tells you where these things are going and the dangerous thing is, the democrats know if you put out enough bull, enough of this green junk in terms of money, it becomes permanent, because then you have congress people, already 18 republican congressman and women say, don't tamper with these green spending plans because our district is getting a benefit from it. bad stuff. weighs on the economy. don't believe when they say you can keep your car. they will kill the internal combustion engine by regulation. like they say you can keep your

gas stove but they want regulations that make 9% i will 96%. david: some republicans kamala would need democrat congress for example to get the price gouging agency, what whatever the hell it will be. she could do it through regulations. she could do price controls through regulatory power. create a emergency, there may be one. we may have a spike, big spike of inflation in her first year. that is the emergency. then we have to have price controls. she could do it through regulation and executive orders. >> that's right. for example getting rid of evs. you don't say we'll ban evs this is tailpipe emissions regulations which have the same effect. that is how they do it with sleight of hand. this interview coming up chaperoned. she will make a point i will not do this, i will not do that. sure they are. they know how to do it to disguise what they're doing in

names like tailpipe regulations. it's bad stuff. i hope the republicans hit home on this, that this will hurt the economy. it is not just the taxes. big regulations are a form of taxation. david: that's right. >> there is a tsunami of regulations are coming. as they hit the economy, lifeblood of the economy, creates big companies of tomorrow, kills that, we have european style growth rates, less than european style growth rates. bad for us, bad for the free world. david: by the way you mentioned tsunami. it is the climate change emergencies we'll be hearing about which will give her more power to spend more money. >> climate industrial complex. crony climatism. david: good to see you. appreciate it. coming up we earlier this month the bls removed over 800,000 jobs from their previous jobs report. republicans are demanding answers. senator roger marshall is one of

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ryan t. writes, "moving is stressful. can you help me take one thing off of my to do list?” ugh, moving's the worst. with xfinity, you can transfer your internet in just a few taps. just a few easy moves. did somebody say “easy moves”? ♪ ♪ oh no. no, i was talking about moving your internet. this will move the internet. ♪ ♪ ooh, ooh. -let's keep it professional. professional dancers! -ok! stay connected during your move with the best in home wifi. easily transfer your services in the xfinity app. bring on the good stuff. david: kansas senator roger marshall sending a letter with four other republicans demanding answers from the labor department on the huge jobs

decrease in revisions. he joins us now, senator marshall thank you for that work that you're doing on that project because a lot of americans want answers. i haven't heard them yet. 800, for those who have forgotten, 813,000 jobs just disappeared, jobs they had been reported, that we attained which we didn't. were these numbers manipulated in the first place? do you have any evidence that that happened? >> well, david, we don't yet but that is exactly the question we're asking the department of labor. they told us they added 3 million jobs over the past year. it wasn't three million, it was actually closer to two million. could you imagine the impact that would have, someone like jay powell trying to decide where to set interest rates, if he would have known how much softer this economy really looks? and this is why people don't trust the government, they don't trust numbers coming out of the government. it looks like they're manipulated.

we have not had this big of an error in about 20 years. downward revision of million jobs, 800,000 jobs to be exact, this close to the election i think it is inexcusable is what it is. david: i used to cover latin america, and when we got economic figures from the government, mexican government, argentinian government, we knew the numbers were cooked. we never trusted the numbers themselves. it was a wonderful contrast come back to the united states, we would see numbers we could trust in. that investors could trust in and believe in. i mean, are we so third world now we have, we have mexican accounting standards for government stats? >> well, david, is this another step towards the socialist economy of kamala harris where she wants to control prices and then give us bad data like that. i think that is the question. the person running this department is a person that they

can't get through the senate for confirmation right now. we have a government hack up there is not giving us good data. again, this is why we don't trust the government. this is one more reason that it is hard to run a business. there is so much uncertainty out there right now if you're trying to run a business. then on top of that, you take all the regulations that are piling on to a business, it is a tough time to be in the business in america right now. david: of course policy depends on data. if you want, if you want to have the right policy or, if you want to prove that the policy that's in place is the wrong policy, you need stats that you can rely on. if, let's assume the best for the moment, that it was not manipulated intentionally, just to make that assumption. how might this have happened? you have to assume the worst but if you assume the best, how did it happen? what is their explanation if they say they didn't manipulate? >> well, david, i think that is exactly what we want to find

out. you and i could understand an error of 5%, 10%, missing one month. david: right. >> these numbers, you all report on them one day. a month later they're revising down to the tune of 100,000 at a time. again i want to back up to look at the big picture right now. we need to look at full-time jobs. under joe biden, kamala harris, we have lost 1.6 million full-time jobs the past year. two million people have not returned to work since covid. then we have african-american unemployment jumping up to 6.4%. david: yes. >> under president trump, record low unemployment for minorities and now we're seeing that surge as well. again, you're trying to buy that first home and interest rates are staying so high right now. i really think jerome powell seen this data three months ago, six months ago we would have started lowering those interest rates three month ago. maybe rather than a quarter point, maybe it would have been a half-point. this is impossible. it is impossible to buy a house.

impossible to run a business under the regulatory environment we're in right now. then bad numbers coming out of the government. david: very quickly, we're almost out of time, 81% of americans want voter i.d. only 2.5% of democrats in the house voted for the save act. i know you're a cosponsor in the senate. will the senate ever see the save act which demands voter i.d.? >> not as long as chuck schumer controls the agenda. the party in control controls the agenda. you're absolutely right. if we don't have voter election integrity we don't have a democracy. it has to be free, it has to be fair. it has to be trustworthy. we've seen virginia, texas, carving out thousands of people that shouldn't have been on those voter rolls. david: senator roger marshall. thank you for coming in. "kudlow" returns in a moment. ♪ oh yeah.

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