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tv   Kudlow  FOX Business  September 4, 2024 4:00pm-5:00pm EDT

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growing? >> we're always looking but organic growth is number one and when we find a firm that fits our culture we're game and we have the financial where with all to do it. liz: so good luck. are you going to do golf or what are you going to do in your retirement? >> i'll be a full time executive chairman so you can't get rid of me. liz: will you hover like howard schultz over at starbucks? >> no, no, i'll be in the background if he needs it. >> [closing bell ringing] liz: job well done. tomorrow zscaler ceo and minnesota vikings owner with green on the screen for the dow and the transports we'll see you tomorrow. larry: hello folks welcome to kudlow i'm larry kudlow. well, fear on the campaign trail is what it's like trying to figure out vice president kamala harris' policy agenda. kellyanne conway in a moment but
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first up edward lawrence in the line of fire. edward? reporter: larry, we're getting that policy in drips here. the vice president says she's going to focus on tax deductions for start-up businesses. it's actually a plan that republicans had six years ago out of the house of representatives which former president trump supported. well the vice president is now adopting some of that. she wants to now increase the deductions for start-ups from 5,000 to $50,000 in expenses. this seems to be a nod to the fact it's more expensive to start a business and the vice president wants to cut red tape for occupational licenses to make it easier to expand across state lines. she will also pressure states to reduce regulations. now the head of the rnc, he's skeptical. >> i really, my biggest concern is the fact everything that she's going to bring as a democrat in voting for all their policies, so we talk about old
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regulation. dairy farms are one of the most highly regulated industries. inflation of course has been a big issue, and that's been a big challenge for farmers. reporter: and that is davi david tremmer, and he says the damage has already been done from the administration. a non-partisan tax foundation believes the cost to taxpayers will be $20 billion over 10 years but more importantly the tax foundation senior policy analysts tells me you have to look at this in total. adding this tax cut for small businesses with the taxes be wiped out with the other proposals the vice president wants like raising the corporate tax rate and taxing unrealized gains so then it comes to this the fact st. american action forum found that the biden-harris administration added more than 850 rules that cost businesses $1.4 trillion to deal with. it also added 267 hours in paperwork they have to deal with. now because of the backlash the "wall street journal" is saying the vice president is now
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discussing backing off the top level capital gains. she wants to put it originally at 28%. behind the scenes she's talking about backing off that top level capital gains tax, so some changes to the policies. we still on her website, larry, do not have the actual policy statement. i went just minutes ago and looked to see that tab is not there that shows exactly what she believes in. back to you. larry: you just can't keep up, edward. none of us can. none of us can. that's all there is to it thank you very much for that great reporting. so, folks why choose the invitation when you can vote for the real thing? that's the subject of the rif. there she goes again. again. miss kamala has thrown two new flip-flops at us in just the last 24 hours and hears a hunch. bad poles causing flip-flop panic amongst team kamala with absolutely no convention bounce at all even where national poles
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show it even or maybe she's up a point, kamala should be up four or five points because mr. trump always under-polls and in fact, former president has the best national swing state polls he has ever had. at this stage of the game, he's beating past performances from 2016 and 2020, more on this in a moment but as far as the policy flip-flops, one of them is her new-found support for a small business tax break. that as ed lawrence reported house republicans passed and then president trump supported six years ago. way back in 2018. back then it was a $20,000 deduction for new start-up business expenses. democrats always opposed to it. democrats have attacked these kinds of tax breaks but now, kamala has decided to adopt trump republican proposal and even raise the deduction to 50,000 bucks. kind of like tax free tips isn't it? remember that? and then "wall street journal"
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story, ms. harris plans to propose a less drastic increase in the top capital gains tax rate. what does that mean? her capital gains tax be 33.5%, by the way is compared to the current rate of 23.8%. now, 33.5% be the highest capital gains tax rate in over 40 years. now, think of it this way. stay with me. instead of keeping 76.20 on the extra dollar, $0.76 on the extra dollar earned you'd only be keeping $66.50, so in terms of what you keep would still be a 13% hike in the capital gains tax. all right? you know, if you actually cut the capital gains tax, just cut it, or index it for inflation, you would boost investment in revenues would shoot up sky high, but not
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for kamala. incidentally, study after study shows any time you raise the cap gains tax, revenues fall. remember bill clinton slashed the capital gains tax. revenues soared on the way to a balanced budget. speaking of the added tax burden, ms. harris may be in favor of a one-time deduction for start-ups, but, but, but, but, she favors an increase in the top tax rate to 39.6% which is what most owners of small companies will wind up paying, and any tax hike on cap gains is a huge penalty to the owners of successful start-ups and remember, her plan was significantly raising the state taxes that are so important to entrepreneurs and their heirs, and let's not forget her proposal for higher corporate tax which would make america less competitive globally. in fact, china would have a lower corporate tax and a lower cap gains tax than the us under kamala policies, and she still
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favors the wealth tax on unr unrealized capital gains. now she's sprinting toward the center, because internally, her people have to be worried about her lousy polls. nate silver's probability model now has trump as a 58% favorite. the pay-to-play betting market has trump up 52% to 47% and again even if you just say the whole race is a toss-up, nationwide, and among swing states, that really means mr. trump is doing much better because his folks don't like to answer nosey phone calls, tend to be low-propensity voters and most polls underestimate republican voter samples and especially trump voter samples. so, i'm going to bet ms. harris is running scared. now, you might say immitation is
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the most sincere form of flattery but instead i'm thinking why choose the immitation when you can vote for the original, authentic, real thing? and that's my rif. all right joining us now, dear friend kellyanne conway, former counselor to president trump, host of "here's the deal" on fox nation. kellyanne, i just think there's a certain flip flop panic because of lousy polling going on. she should be much further ahead in the lead. she's not. some of these polls are showing trump coming strong. she didn't get a convention. that's why i think this flip flopping is occurring, but then again, i don't know anything about politics. you know everything about politics, so what do you think about this? >> you know plenty but more importantly the american people can get out authenticity and consistency.
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she can't back away from the harris white house. you know what, larry? if the democrats have dumped biden, we should too. this is the harris economy. this is harris inflation. this is the harris border crisis. she's the in couple bent, not the insurgent. do you know how i know that? she flies around in air force two, we refer to her as the vice president. she owns this. her flips, flops, failings, flailings, it's a booed look for any woman in authority in power trying to convince me she's up to the job of domestic energy and economic steward and commander-in-chief to keep changing her mind, we're wondering who is she today. you're absolutely right because we saw a little bit in the republican primary too, didn't we? that people weren't going to go for trump light if they could just have the real thing. now with kamala, i think she's starting to anger and alienate a lot of the folks who want her to be bernie sanders without th the charm and elizabeth warren and they want her to be more socialist. larry, in preparation for today i went back and looked at the good old new york economic club
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speech from 2016. president trump did the same thing in 2020 but he delivered it from the rose garden. boy if you go back and look at what he said in 2020 all he had accomplished and promised for a second term which he's about to get , he really put it to kamala even though he wasn't running against her. he said this is the difference between us promoting workers and industry that was flat on its back versus punishing workers, and outsourcing our jobs and our wealth overseas to places like china. recalibrating those trade deals. the energy independence. i listened to her today in new hampshire, larry. kamala harris promising to help small business owners. the fact is we've had a 31-month roll of lower confidence among small business owners. its been 31 months. you can't be a supply side success if you've been a supply chain failure. look, donald trump's leading her on the chief question, who do you trust more to handle
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the economy and all the swing states is the key. larry: what do you think, he's going to be with shawn hannity tonight, fox town hall up in pennsylvania. i think he's going to talk a lot about energy and he's the guy whose in favor of fracking. no immitation here, and how important oil & gas is. pennsylvania as you know is a huge oil and gas state, and hundreds of thousands of jobs dependent on it. i'm just thinking that when shawn gets him up there he's going to emphasize that and you know, if you produce more oil & gas guess what happens? prices fall, and inflation, not just in population rates, but actually the level of prices will fall for hundreds of consumer goods throughout the economy. i gotta believe he's going to make those kinds of points, kellyanne. what do you think? >> he should, and i think part of donald trump's energy independence agenda and success
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as president, his performance, larry, is why he is staying competitive in pennsylvania, a state that's been voting more democratic for its governor, senator, fetterman last time around. i think it's because they know the trump record on the economy but particularly energy. when you talk about banning fracking as kamala harris has, whether she wants to lie about it or not, she has. you literally are going into households all across pennsylvania saying i'm taking your jobs and your livelihood and it's all out of spite. larry, it doesn't even seem to be ideological. it seems to be out of spite. same reason for killing those keystone pipeline jobs on day one and the war on fossil fuels and same reason to pause those lng permits so that putin's sourcing western and eastern europe with fuel now. this is not good, with energy now. so they know whose backing fracking. his name is donald trump. but look i think president trump can talk about the economy in full. it is at its core about energy independence but he's the guy who gave us the tax cut and jobs act, the recalibrated trade
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deals and the guy who looked at industry, in our beloved pennsylvania. mining, coal, manufacturing, construction, and said on for you, hillary said i'm going to put coal out of business and i thought we don't even have to run a commercial we'll just show her so he's got a lot to say in pennsylvania tonight. he's spending a ton of time there. we know larry, if donald trump wins pennsylvania, georgia, and north carolina number 45 becomes number 47. larry: you bet. you know on the new york economics club, i want to see just plain vanilla, tax cuts, regulatory cuts, unlock the fossil fuels spigots, king dollar, protect trade. i want growth, you know? growth polls really well because growth is super-important. people want to climb the ladder of success. i want old fashion growth. give me growth. i want him to do growth at the economics club of new york. that's what i want.
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it's on 42nd street and it equals growth that's what i'm looking for , kellyanne. >> i believe he will do that. he did that before at the new york economic club. we were both there in september of 2016. he's going back to the same place. larry i remember when he promised 4% growth. president obama came out and said what are we just going to wave our magic wand? no it's called policy and principle and causation, not coincidence. he got it up there but you know what else? it was an optimistic address as it was in 2020 so i want to see a lot of optimism, growth is opportunistic and he said in 2020 and 2016, they are for stagnation and inflation and depression and outsourcing our jobs and we're for growth and prosperity and opportunity. i think it's a big reason why president trump is tied with kamala harris among hispanics in some of these polls why he's got 20% of african americans h men p
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from 12%. this is about rising tides lifting all boats and i love when donald trump is specific and substantive. she's generic. he needs to be granular. even today, i'm going to deregulate. i'm for cutting regulation. nobody believes her but it's hard to take her seriously when she doesn't give you specifics anyway. no time for this. we need policy and specifics. larry: yeah, i didn't hear it all toed but the reports, i'm just raising the capital gains tax a little bit. no, no, you should be cutting the capital gains tax. you should be indexing it. you should be lowering corporate tax rates. you should be lowering income tax rates. i mean, i don't want just a little increase. i want reductions, because reductions and taxes spell growth, kellyanne conway, thank you, ever so much we appreciate it. folks, be sure to catch here's the deal with kellyanne now streaming on fox nation there you have it. coming up now, next, tough
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story. cold blooded hamas killers, it's a warfare issue. it is not a law fair issue. we're going to talk to air en cohen and kash patel about all that and catch kudlow monday through friday 4:00 p.m. everyday here on fabulous fox business. if for some reason you can't get us at 4:00 please just text your favorite 9-year-old and she will show you how to dvr the show and you will never miss an honest to goodness authentic tax cut. when the sawdust settles and the engine roars the thing you care about is a job well done. but when you get your tools from harbor freight something about the job feels different - your wallet. whatever you do, do it for less,
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larry: so, cold blooded hamas killers is a warfare issue, it is not a lawfare issue after six hostages including one american are killed, in cold blood, by hamas. joining me now, erin cohen, ids special operations veteran and kash patel, former deputy director of national intelligence and justice department. kash, i'll begin with you because you're a lawyer. the justice department, merrick garland, has issued a criminal complaint against hamas. okay? a criminal complaint. again that's terrific. we'll haul hamas into court, really? i mean this is not about lawfare. this is not about criminal
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complaints. this is not about the international court. to be honest with you, kash, i want to bring down the hammer and bring down the hammer on hamas as soon as possible, or it should have been done, i don't know, 10 months ago whatever. you get where i'm going on this? this is, unfortunately, this is about warfare, not about lawfare, kash patel. you've been in this , what do you think? >> i've been on both sides of the equation and you're absolutely right. when you're the department of justice in the united states of america is leading the charge against a terrorist organization overseas that is conducting a world war and executing american hostages and global hostages and costing the lives of thousands of people, you can not have the department of justice issue a pre-textual indictment and criminal complaint to say look at the bad guys, look at what we're doing and to take them on. you're doing nothing. in concert with the department of defense who should have been leading on this front, it's because the harris biden regime has deprioritized a collection effort in this theater of war
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has deprioritized the special forces operation and tier 1 elements who could go in and handle this if we had setup the environment over the last two years, or three-years but they failed across-the-board. they, the biden-harris administration, and you can not make up with a gap in intelligence and defensive operations overseas by having the department of justice air mail and postal stamp a criminal complaint to the world's number one terrorist organization and make no mistake, hamas is funded by iran who got 7 billion from biden and harris. larry: israel keeps saying yes to these various hostage deals and cease-fires, but hamas keeps saying no and it just happened again. after the horrible, horrible news of the execution of these six hostages, including one american hostage they don't seem to talk about, biden winds up blaming netanyahu.
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biden comes out and blames israel. israel is not the problem here. hamas is the problem. backed up by the real problem in iran. that's why i want to bring down the hammer, okay? i mean, last night, we talked to brian hook and robert o'brien. o'brien in particular was talking about sending in navy seals. okay, maybe so, but i'm just saying we need a hammer. i don't need a lawsuit here, that's my point. >> larry, translation, when with regoing to start to speak the language of the middle east? the only thing, here's where i'm at with this. biden and harris' restraint of israel and rafa, how many more hostages do you think we could have rescued had they not pulled the brakes on israel and sold them out? hersh be alive right now, had rafa operation continued
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with that forward operating pressure which generates realtime intelligence for units who just rescued noah argami. they have a lot of blood on their hands and the reason why is they caved to the anti-semetic pressure and that's all it was with this election but the fact is either lead or get the hell out of israel's way. israel has a 90% track record with hostage rescue, larry and in 76, the raid in 64 where netanyahu got shot in the three times in the arm and israel knows how to handle operations and i agree with what you said. seal team 6, delta force, with our stand up working together, we've got the intel and we know those areas better than anybody. what do you think sinwar is going to do with that indictment? he's going to wipe something with it is what he's going to do so the only thing that hamas understands you and i both agree on this is that military
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pressure. the fact is is that the reason why israel has been successful up to now is because they continued with that pressure but people who shoot hostages and kill six by putting bullets in the back of their head, let me make this really clear. they never wanted a deal, larry. the moment those cameras were on hamas -- larry: there can be no mercy. listen to me, aaron. that's my point. >> that's right. larry: there can be no mercy, what they have done. this is barbaric. these are barbaric people, and kash patel i'd love to see navy seals working with the idf come in and rescue the hostages, all right? i don't care what the bidens say. i don't think any intelligent person cares about what the bidens say about this subject but you know, at some point we have to go to iran. at some point we have to bring iran into play. iran has gotten virtually a free
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ride, except for , except for some pinpoint attacks by guess who? israel. but that's it. they've gotten money. they got relaxed sanctions. they have gotten oil reserves and currency reserves and all the rest of that stuff. i mean, this cannot go. this cannot be adjudicated. this cannot be a verbal barrage in some courtroom. this cannot just be a political issue, kash patel. the united states of america is a great country. israel is a great country and our allies. something has to be done about these cold blooded murders, just as something should have been done much more about the octobed murders almost one year ago. >> you're absolutely right, larry and let me just remind the world under the trump administration we rescued 54 hostages from around the world. that's more than every president combined. we did that because president trump prioritized taking out terrorists, like iran.
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he did not shy away from them and bend the knee and give them money. now the problem we are in now is that joe biden and kamala harris have created four years of terrible national security policies that have allowed iran to arm themselves, that have allowed tehran to have cyber offensive operations and allowed iran to have a nuclear bomb and that's one thing we wanted to prevent and what we need to do to take them off the battlefield is to use our covert and overt menu options in intelligence and offensive operations to take them out but larry, that can't be setup overnight. i don't want to make it up. we're not just going to win this thing the day after the election. this will take some time to combat and i hope the real-world wakes up to the fact that when you mail-in politicized diplomacy and operations of war, for a front page cover ad, this is what happens. the terrorists win, they kill hostages. they threaten our way of life and they get rich off american taxpayer dollars.
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we need a swift change. larry: you're both wonderful i'm sorry we run out of time. we always run out of time. there is now formally a trump transition committee and my hope is that transition committee is planning immediate action along the lines of both of you have advocated today. this is a transition issue. not to wait until, let them plan it and let them get ready for it and maybe, you know what heaven forbid? let them leak it out so iran knows something is coming a little different than the whitewashing they have been getting, coming up folks a different subject. mr. trump, back at the new york economic club tomorrow and you know what else? a very interesting story. elon musk is getting ready to help trump drain the swamp. i love it. kevin hassett will be here, steve moore will be here next up when kudlow returns. jen x. jen y.
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larry: president trump at the new york economic club so let's bring in kevin hassett, former chair of the council of economic advisors steve moore, unleash prosperity hot line and host of "more money" on wabc radio. are we going to get a growthier speech? we need a growthier climb the ladder of success. i can afford homes. prices can come down. i know you're the mastermind of all this stuff. what can we expect? >> you know, i think that one of the things that is difficult about this time is theres so much negativity in the press and in the media, and president trump's goal tomorrow is to have a super-positive agenda that motivates people to be optimistic about the future of our country again, and so i'm very very excited about the speech tomorrow where he's going to layout a very larry kudlow growth it agenda with tax cuts and reduced government
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spending, and deregulation and trade policy as well, and so we're going to hear from him the specific details of what he wants to do if he's elected again, and we contrast that with vice president harris who we don't know what she's supporting and what she's not. they're leaking policies from her campaign, but she's not actually embracing them herself or putting them on her website so president trump is going to have a sharp contrast both with his optimism and his specifics tomorrow. larry: you know, steve moore, kamala keeps trying to copycat but you can't copycat. you gotta go for the real thing. the authentic real thing because it's not going to flip flop but kevin is right. it's going to be a very growthy speech. steve moore if there's one thing you'd like to see and hear in this speech what would that be? >> i want to aspire to get back to reagan and jfk rates of
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economic growth of 3.5-4% and if you do that, so many of the problems go away. they really do. you want to bring down the debt? you grow that economy 3.5-4%. you want real wages to grow, you get that high-growth rate, so that really is the center and incidentally it's a great way to contrast himself with kamala harris because i've listened to what she's been saying now for the last, i don't know, four weeks or so and she doesn't say a whole lot but i don't think, larry, you can correct me if i'm wrong. i don't think she's ever used the word growth. larry: never. >> i think that's alien to her. it's all about redistribution. it's all about punishing greed. it's all about, you know, profits are too high. prices are too high, which are too high, so i think and i'd like him to just go down the list of things that he accomplished. your buddy and mine, art laffer and i have a book coming out in two weeks called the "trump economic miracle" which you and
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kevin and donald trump was a miracle. as trump would say one of the best economic recoveries ever and i want him to remind people of that. larry: i think it's so important you're absolutely right. if you get yourself three-plus growth instead of this 1.8, 1.7, whatever, you get stuff back to 3-plus which we did for over 70 years after world war ii, okay? i mean, growth creates tremendous opportunities. growth, for example, dissolves deficits. growth dissolves debt. you know, the debt-to-gdp ratio comes down. if you're growing the economy you don't need to borrow or the welfare payments. people don't want them because they have good paying jobs for example. the gdp gets larger, and the debt gets smaller. i mean, that's the way to deal with that. one other point, kevin hassett? shouldn't mr. trump stay with a trade policy of reciprocity or do you think he's going to stay
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with this baseline tariff? now kamala harris is coming after him on some static estimates of what a baseline tariff might cost american consumers. i'm a big reciprocity fan, you know? if japan cuts tariffs, we'll cut tariffs or if china raises tariffs, then we're going to have to raise tariffs to defend ourselves. which is a better policy? baseline tariff or reciprocity, kevin? >> well the president has advocated both, and he really believes in reciprocity. that was something that you and i talked about and you'd asked steve what's the one thing you're hoping about tomorrow? the one thing i want to say is remind people that what the president did when we were talking about the tax cuts and jobs act, i showed him some estimates of what it would do to gdp. he says people don't care about gdp. what's it going to do for the american worker so the president is focused like a laser beam on the american worker that will involve his trade policy with at least will be reciprocity and also be
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getting blue collar people to have wage increases again by creating the business-friendly environment, and so i think that exactly where he ends up with tariff versus reciprocity is something that is still is developing. larry: steve moore, speaking of friendly countries, japan is a great allie. why shouldn't nippon steel be able to buy u.s. steel? u.s. steel has been on decline, so isn't it time to say that with nippon steel? >> yeah, it is. i think unfortunately, this is the one thing that kamala harris and donald trump agree on and unfortunately they are both wrong on this. this is a deal that will save a lot of steel jobs, japan is an allie, and if we don't do this it's very clear what is going to happen. we'll be playing right into the hands of the chinese, who now dominate about 50% of the world steel market, so i think this is good for american workers. foreign investment in the united states is a good thing. i mean it's when you and kevin and donald trump did the big tax
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cut, what happened? all this money flowed into the united states, so i think they are both wrong on this. it's a good one and i do like you asked me earlier today, larry, what do i think about elon musk's idea of a kind of grace commission against government waste. i love that idea. i think it's spectacular. you remember in the reagan years, they came up with $400 billion of waste in the budget and that was when the budget was one-fifth as big as it is today so i really like that idea. i think you mentioned drain the swamp. that's a great way to drain the swamp. larry: kevin hassett, it's interesting. steve is referring to peter grace whose a game us businessman and he had the grace commission under reagan, but he had peter grace brought in hundreds of business people and they went all through the federal bureaucracy and the federal programs and came up with hundreds of billions of dollars of savings which be equivalent to trillions of dollars. now elon musk, i don't know if elon musk wants to share this commission or just be a part of it but i think it's a
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very interesting idea. i hope it's something mr. trump puts in his speech tomorrow. what do you think about that? >> yeah, it will be in the speech tomorrow almost surely. the fact is that elon musk is one of the most remarkable human beings in human history. if you think about all of the things he's done with star link and tesla and spacex that he takes problems and he solves them, and you wonder why are elon musk and donald trump growing so close? well if you look at how donald trump got his start, it started with fixing an ice skating rink in central park. his career has been finding problems and solving them. that's why voters rallied around him in 2016 and the partnership with elon musk is very motivating for them who want to get this country back on the right track. larry: just think you could have an administration with business people involved with it. oh, my goodness. i've got to jump though thank you very much kevin hassett, steve moore, we appreciate it. switching gears just a tiny bit we have mark simone, hall of fame radio host, joe concha, fox
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news contributor, author of "progressively worse" oh, my god, how true is that so joe, the cnn interview, i could go on. is that a harbinger of what the debate will look like? >> it's going to be worse, because kamala harris, larry, mark, she only spoke to dana bash for 16 minutes and it was mostly can't even call it softball. it was like tee ball if you put a beach ball on the tee and say go ahead and hit it. there were a couple of decent questions, almost no follow-ups. she couldn't answer basic questions like what will you do on day one, what are your priorities? how do you not see that coming and she lied, when she said four years ago on a debate stage in 2020 she said was for fracking. there's no transcript whatsoever so she almost seemed like a sophomore trying to get to a minimum time limit in doing an oral book report, just let me say enough things so i could
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get through this thing and not even on a liberal networks did they -- larry: did she look at the watch? >> two minutes and 20 seconds just a little more. larry: what will she do on day one? >> well i think donald trump should let her bring tim walz to the debate and setup another podium. >> it looks like a parent-teacher conference. larry: [laughter] did you see the picture by the way of all of walz's relatives saying "i love trump." >> yeah, eight family members all love trump, doing a commercial and walz for trump is what it's called so what was she doing on day one i forgot. >> we month what she did on day one it was three and a half years ago. >> i know what she did. they banned fracking, she and joe biden did on day one. larry: as a matter of fact, they also killed the xl pipeline, it came very fast. >> keystone. larry: i beg your pardon. that's kind of -- >> now what i hear in
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the debate is they anticipated 15 questions. they have composed these answers to 15 questions and she's apparently just going to memorize this. larry: have they given the questions out? >> supposedly not. don't tell me that. >> donna brazile is working there but they are anticipating 15 and she's memorized long answers to everything and if you try to recite from memory it never works. larry: did you see the movie "reagan"? >> excellent movie. everybody should go see it. larry: you're a famous movie critic. >> not a big budget hollywood movie because they would never touch this but really well done. very important film. larry: historically accurate. >> and it was, for those that are younger, reagan's early days they were trying to find communists and get them out of government. now it's the other way around. if you aren't a communist you are shunned. larry: there was a big piece of that movie which is important from paul kengore's book, a very good book. reagan perging the screen actor's guild with
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the encouragement of his boss jack warner. >> a union guy. larry: five times president, piloted through a strike but through the communist out of the union had to go testify several times. i mean, i think people should see this movie, because they need to see what can be done, what strength and what a crusader can do. someone of conviction, not wa wallowing around in the marsh lands of the swamp. >> i have not seen it yet. i've looked for it on streaming because i'm in that mindset. larry: you catch the evening show i think there's a 5:00 show. it's playing in new jersey. >> it is i've heard. the very important thing in the film shows how someone their values are shaped from their life. not from consultants or focus groups. not from advisors but real values coming from the middle of america, the way he grew up and what he saw. larry: and he boosted the economy. he yelled at david stockman for raising taxes and said no, we're going to keep
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taxes cut and he defeated soviet communism and did that in two hours, plus. hell of a job that's why people should see the movie. they forget what can be done of the person of conviction. that's why it's important. >> the start of the movie is dennis quaid and i spoke to him in milwaukee at length. and i said what was your favorite role and i thought it might be the right stuff, great balls of fire, the parent trap, no, no, he said reagan was by far my favorite role to play because i wanted to show people the person who was reagan. not the persona that everybody saw larger than life figure because this was a very private complex man that not many people knew terribly well. you worked for him of course. larry: i did, i did, john vogt co-starring fascinating. anyway thanks ever so much. coming up this is a bizarre story, a top aid to two new york governors is now being arrested for secret spy work for china. okay?
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larry: here comes a great story a top aid to new york governor's cuomo and hochul a chinese spy. she finally got busted after doing it for about a dozen years so joining us is peter schweizer. just when you think it can't get any worse it gets worse and just technically she wasn't registered as a foreign agent which made me think of hunter biden but i will defer to you. what do you know about this story if anything? >> yeah, it's pretty amazing story. she was the deputy chief of staff to governor hochul of new york, before that she was the deputy chief for diversity for andrew cuomo. she did a bunch of favors for the chinese, according to the indictment. among them she got chinese officials access to private new york state government phone calls discussing how they were going to deal with covid-19. she changed statements to make them more pro-chinese. she even basically falsified or
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listed the chinese officials were coming as guests of the state of new york to get visas to travel to the united states in exchange she got millions of dollars, a $4 million house on long island, a $2 million condo in hawaii and they bought a 2024 ferrari so it's a clear cut case and another example of elite capture this chinese strategy of trying to get high level people, you know, people like the biden family, but also people that work for high-ranking officials on the chinese payroll. larry: that's where i was hoping you'd go because the chinese were relentless. they will do anything go anywhere so you think your safe in albany, new york. absolutely wrong, you're not safe at all and, you know, the question now is what other governors, what other state has this? what other senate and house staff members, peter schweizer? >> yeah, look, part of their strategy, they are explicit is to exploit sub-national
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relationships meaning going to governors, state houses. power just doesn't reside in washington d.c. certainly there's a lot of interesting things about governor tim walz of minnesota. no transfer of funds but clearly has a lot of relationships with so-called united front groups. probably more of a so-called fellow traveler than somebody being paid but this is precisely the chinese strategy. they used it against trump, one of the ways they tried to undermine trump was by getting state and local elected officials to criticize and undermine his strong positions on china. larry: well we don't have time but hunter biden, you know, dealing with chinese investors, members of the communist party, national security, never registered as a foreign agent, lord knows what he was up to. we'll cover it in another segment with you, peter schweizer thank you my much. folk dias be right back with myt word. ♪ ia little pill with a big story to tell ♪ ♪ i take once-daily jardiance ♪
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warfare, not lawfare and going to do with hamas and going with tentacles and kudlow and i'll turn it over to you. liz: thank you, larry. i'm elizabeth macdonald. >> why should i vote for trump. why should i vote for kamala harris? liz: we have new problem. is big tech again dippin

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