Skip to main content

tv   Kudlow  FOX Business  September 10, 2024 8:00pm-9:00pm EDT

8:00 pm
we can help you see opportunities you may be missing. at hennion & walsh it only takes a second to schedule your free second opinion. so what's there to lose? speak to hennion & walsh. the second opinion people. ♪ larry: helloing, folks and welcome to "kudlow." i'm larry kudlow.
8:01 pm
tonight's the night, donald trump versus kamala harris. is this kamala's last dance? wow. congresswoman elise stefanik joins us in a couple of minutes, but first up, our own edward lawrence live many pennsylvania with a preview of his last dance. what you got, edward is? [laughter] >> reporter: larry, let's take a step back here. vice president harris believes she wants to increase taxes for corporations as well as some others. she also wants to add government regulations and more government oversight, and she believes in that will move the economy forward. now, for example, as prices have now increased from the month that she came into office, she wants to the a task the ftc with going after price gouging. now, some fear that could lead to price controls. she advocates rent control for corporate landlords, she vaguely says she will advance environmental justice to bring millions of clean energy jobs, and she never mentions economic growth. while the harris campaign tries to subtly move the table -- or
8:02 pm
label of most progressive senator in congress. >> this isn't about how far left or right you are, it's about who are you fighting for and how you're actually going to solve the problems that confront this country. again, that is why we've been able to to build such a wide and diverse coalition that is less concerned about ideology and par more concerned about how we actually get things done for the american people. >> reporter: former president trump wants to extend his tax cuts, cut corporate taxes for those companies that only make products here in the united states. president trump wants to to end taxes on tips and social security payouts, he wants equity and trade, and to end unfair trading practice while making moves to keep the dollar the reserve currency. >> she wants to make this a referendum on donald trump's personality and not on her policies -- not on his policies and clearly not on her policies because she's continuing to run and hide from the biden's fail administration, the biden-harris
8:03 pm
fail administration. >> reporter: one of these candidates tonight wants to build upon bidenomics and go further than that, the other candidate wants to take the economy in a new direction. larry, you can decide which is which. larry: i'm going to work on that,s edward lawrence. thank you very much. [laughter] great report. so donald trump is ready to the talk growth. that's the subject of the riff. ♪ ♪ larry: all right. last week at the new york economics club, donald trump gave a tour de force speech centered on the optimistic theme of economic growth and how it enables everyone -- no matter race, color, creed -- to to climb the ladder of success and achieve the american dream. his speech was a masterpiece. not only the big picture themes, but the level of detail. in all likelihood, never if before seen in a presidential speech. there will be much more than the economy in tonight's presidential debate with kamala harris, but i do believe mr. trump's new york economics club speech will be an important
8:04 pm
bridge to a strong performance if in tonight's debate. now, he's going to hold kamala harris' feet to the fire on all of her ulta rah-liberal, progressive policies; decriminalizing illegal immigrants, the green new deal, ev mandate, misnamed inflation reduction act where she cast the deciding vote, her ban on fracking, her consistent objection to building a trumpian wall on the southern border, her support for medicare for all, ending private health insurance and, of course, her big taxing and spending and regulating. of course, she was joe biden's co-pilot for three and a half years, encompassing the administration's numerous failures. even to the point, by the way, where her so-called policy web site just put up, well, it contained the source code that shows it was a copy-paste plagiarism of joe biden's campaign. wow.
8:05 pm
as kamala has said, her values haven't changed. so her many flip-flops are without meaning. but mr. trump's also going to defend his record on the economy, inflation, jobs, immigration, foreign policy. but his pro-growth economic plan will show viewers and voters the way out of the biden-harris affordability crisis where over the the length of their term prices have outstrip thed wages on a cumulative basis. in fact, here's one stat. after inflation income growth between 2021-2023 under biden-harris was only $1350. but real income growth between 2017-2019 under mr. trump was $6 400, almost five times as much. mr. trump has a detailed plan of pro-growth policies to cut tax, cut regulations, cut energy
8:06 pm
costs, cut unfair trading practices, a musk commission to cut spending and also an unbreakable commitment to the keep the u.s. dollar as the world's reserve currency. now, some on wall street still think his plan is inflationary. this cannot possibly be. in the case of tariffs, for example, aimed at curbing unfair if trading practices, american consumers will always boycott higher prices. now, just as was the case with china tariffs, if there was no resulting inflation there, the burden of the tariff is borne by the chinese company who must cut their prices in order to sell in the u.s. what's more, mr. trump has proposed a corporate tax cut to 15% for domestically-produced goods. that's to to-growth and counterinflationary -- pro-growth. remember, supply-side incentives like these will produce more goods on the market by lowering
8:07 pm
prices, not raising them. it's kamala harris' mass if i tax hikes on both -- massive tax hikes on both large and small businesses that will remove incentives and block goods production, thereby raising prices and causing higher inflation. her economic speech in atlanta not only included totally discredited price controls, but a $2 trillion price tag for additional spending and a $25,000 free money plan that'll jack up home prices, make 'em even more unaffordable and out of reach for young families. and finally, if kamala ever did get an unrealized capital gains tax, it would absolutely crush the u.s. stock market. and it would also decimate some odd 130 million americans with ira, 40 is 1k savings -- 401(k) savings and retirement accounts. she hasn't flip-flopped on that yet. anyway, harris democrats never talk growth. biden democrats never talk
8:08 pm
growth. tonight i believe donald trump is ready to talk growth, and it's a winning message. all right? and that's the riff. now, great, great, great pleasure, joining us here, new york congresswoman elise stefanik, chair of the house gop congress. elise, welcome. thank you ever so much. let me just begin, i want to talk about as a much as a we can talk about -- as we can talk about, but one thing mr. rump's going too,ed he's going to hold kamala's to feet to the fire. her values haven't changed. she took joe biden's platform, and now it's her platform, and the polls are showing recently -- as a i'm sure you mow -- people regard her as too liberal and too progressive. what do you make of this right at the top, elise stefanik? how does play? >> kamala harris owns and is one of the reasons behind joe biden's catastrophic failures. in fact, she is joe biden's open border czar. that means she owns the border crisis that impacts every
8:09 pm
community, every state across the country. on the issue of inflation, which is the highest rate in my lifetime, impacting every family, small business, farm in this country. kamala harris was the deciding vote in the senate for the inflation expansion act which is joe biden and kamala harris' pinnacle of their economic policy which has caused us not only painful inflation, but trillions and trillions of debt. in addition, she was the last one in the room advising joe biden on the catastrophic withdrawal from afghanistan. today we just had the congressional gold medal ceremony for those 13 gold star families honoring those 13 service members who lost their lyes. she needs to be held accountable. president trump will hold her accountable for her failures. compare that that to the success of president trump. historic economic growth with your help, larry, strong national security, peace through strength the as well as the most secure border in our lifetime. so you will see strength and success under president trump versus weakness and policy failures hurting americans under
8:10 pm
kamala harris. larry: you know, elise, i want to depart from my usual economic script for a minute because, you know, you raise a point. the afghanistan catastrophe, which is much in the news including the gold star families that mr. biden has ignored, but correct me if i'm wrong, ms. harris is a cultural liberal, very much a proponent of dei. very much a proponent of dei, i think you would agree with that. and as you and i have talked over the past year or so, diversity, equity and inclusion in many ways is the progeneral or to of the anti-semitism -- progenitor the of the anti-semitism wave that has struck the u.s. and the antiof israel wave. i'm -- anti-israel wave. i am saying de wirks she supports, which all a these
8:11 pm
biden administration spending initiatives have as part of their regulations, that's been a big problem. and i think that's something that they ought to get rid of. and i kind of hope mr. trump gets a whack on that. you've spoken out openly on these things. they're so darn important. >> well, you're exactly right, larry. we can look at her record. she was the most liberal senator in the united states senate. this is a san francisco radical, defund the police, open borders liberal. and when it comes to propping up those offices of dei, it's knotts just our higher ed institutions -- it's not just our higher ed institutions. dei has been a priority for the department of defense that should be focused on our military lethality, peace through strength. it has rotted out not only higher education, but it's the rotted out these agencies that should be focused on american greatness, american excellence. you are right that at the root of dei is anti-semitism, and kamala harris has not spoken out strongly enough when it comes to
8:12 pm
combating anti-semitism. she has turned her back on standing with our most precious ally, israel, and has been the loudest voice calling for a ceasefire which is unilaterally forcing israel to disarm itself versus under president trump we had the historic abraham accords, peace in the middle east, and he stood strongly with israel. larry: now, coming back to the economy, you know, the speech -- newt gingrich said the speech she gave in atlanta on economy is really more important than her democratic national convention speech. i mean, look, price gouging or price controls, same difference -- it fails every time -- a $2 trillion spending plan, free money at housing, $25,000. all that's going to do is make home prices go up. but that's the biden playbook, right? higher spending, higher taxing, throw free money at something. prices are going to go up, not go down. there's no -- i don't hear them -- let me rephrase, elise
8:13 pm
stefanik. i don't hear growth. i never hear joe biden talk about growth. i hear he talks about punishing successful people. i hear kamala talk about punishing success -- never the word growth. growth is very important. [laughter] a lot of america -- we did a poll with t.i.p., the issues and insights group. 90% of americans like growth. where's the growth in the democratic platform? >> well, there isn't. and kamala harris' speech should concern every american, it and does. not only did it have socialist price fixing, but her economic plan includes the largest tax increase in our nation's history to the to tunes of trillions of dollars. it includes doubling down on the inflationary policies under joe biden and kamala harris. compare that with the historic and successful speech that president trump delivered at the economic club of new york that talked about unleashing economic growth, unleashing pro-business, pro-small business, pro-u.s. manufacturing, lowering taxes, cutting regulations. we know the recipe for success.
8:14 pm
we saw it in the first term of president trump where we had significant wage growth and salary growth, we had the highest number of workers many our work force including working women, including african-americans and hispanic-americans. under kamala harris what we've seen is salary cuts because of this inflationary impact as well as unemployment continuing to tick the up and a very -- tick the up, and a very concerning economic status the around the country when you talk to small businesses or manufacturers. if so this is a clear contrast. kamala harris represents trillions of dollars of new taxes that would devastate our economy, let alone the unrealized capital gains tax that she has propose which would absolutely delaware state all of americans' real estate, their 401(k)s, their irss, it would devastate them -- iras. larry: do you think it's her last dance tonight, elise stefanik, or do you think she's going to live to fight another day? it's a hard question. if you want to pass on it, it's okay. i i know you don't pass on
8:15 pm
anything. i mean, i think this is her last dance. she either gets it done tonight or it's kind of over. >> well, certainly the american people are going to be tuning in. and the more they learn about kamala harris, the lower her support goes. and president trump is going to make a clear contrast between his policies of success versus her policies of failure and weakness. so the more the american people know, her numbers will continue to the get lower. larry: you know what? that that's a great answer to a really terrible question. that's a terrific answer. [laughter] elise stefanik, you're wonderful to come on. thank you ever so much. talk soon. >> thank you, larry. larry: all right. all right, folks, coming up, we need safe and secure elections. that's the save act. by the way, it's t all about citizenship. i want to ask our next guest, senator mike lee, he's a pretty smart fellow, leading american conservative, how does he want to see donald trump handle it tonight, all right? that's a key point too. remember, you can catch tonight's presidential debate at 9 p.m. eastern right here on fox
8:16 pm
business. i'm kudlow, lots more cooking. ♪ did you ever worry we wouldn't get to enjoy this? [jeff laughs maniacally] (inner monologue) seriously, i'm on the green and all i can think about is all the green i'm spending on 3 kids in college. with empower, i get all of my financial questions answered. so i don't have to worry. empower. what's next. [introspective music] recipes. recipes written by hand and lost to time. are now being analyzed and restored using the power of dell ai. ♪ your gut is like a garden growing both good bacteria and bad. that balance is key to a healthy gut environment. benefiber's plant-based prebiotic fiber gently nourishes the good bacteria, working with your body to help your gut, and you, flourish. effortlessly. every day. grow what feels good. with benefiber. business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning.
8:17 pm
it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities. (♪) (♪) (♪) (♪)
8:18 pm
growing your business is easy once you know the moves. with godaddy websites plus marketing, you can quickly create a website, and ai will customize it for you. get your business out there and get more customers in here. no sweat... for you anyway. create a beautiful website in minutes with godaddy. after careful review of medical guidance and research on pain relief, my recommendation is simple: every home should have salonpas. powerful yet non-addictive. targeted and long-lasting. i recommend salonpas. it's good medicine. ♪ hisamitsu ♪ (♪) (♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf.
8:19 pm
before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com ♪ ♪ with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month.
8:20 pm
>> i am promising low taxes, low regulations, low energy costs, low interest rates, secure
8:21 pm
borders, low, low, low crime and surging incomes for citizens of every race, religion, color and creed. my plan will rapidly defeat inflation, quickly bring down prices and reignite explosive economic growth. larry: that's that word again, growth. love it. that was mr. trump at the new york economics club last thursday. we're going to bring in utah senator, senator mike lee. it's a plate pleasure to see you, senator lee. thank you for doing this -- great pleasure. in some sense, what you just heard from the economics club, i mean, he covered the waterfront, my question to to you, i want to visit with you on this issue: how does he do it in the most effective way, senator mike lee? where does he start, how does he tackle her flip-flops, what do you want to the see him say? what's your perspective on tonight's debate. >> the key is show contrast to
8:22 pm
the american people. the stark contrast between what president trump offers and what kamala harris wants to do. this is an incredibly important debate, larry, because remember, the last presidential debate we had just a couple of months ago was one of the most significant in u.s. history because it ended the candidacy of joe biden. this debate tonight can also be important because this is where donald trump can show the stark difference. we've got donald trump who wants to create economic growth, who wants to put bauer back where if the american people. and you have got kamala harris who, basically, is someone who believes in the green new deal policies that would kill economic growth in america and kill jobs by the the millions, free abortion on demand, she wants to the give health care to illegal aliens. she wants to increase the size, scope, reach and cost of the federal government in every way and in a way that would kill american innovation and job growth. the contrast couldn't be
8:23 pm
starker. and that's going to be donald trump's challenge tonight, so to bring that contrast out. larry: senator lee, how much -- i mean, he needs to hold her feet to the fire. as you've been discussing. you just, you just raised a whole bunch of them. she said all these ultra-liberal, ultra-progressive things down through the years, and then she spent the first month or two of her short candidacy denying that she -- either denying she said it or denying that she means it when she used to say it. how's the best way for mr. trump to get that point across without losing his audience? >> well, i think he can do it, as only he can. he's very good at short, pithy statements, and i think he needs to call her out on this and call out things like what happened last night. bernie sanders went on tv last night to defend what she's been doing. he doesn't say she doesn't believe many all those policies, he instead said, no, she's doing what she's got to do in a campaign.
8:24 pm
but she still believes in these things. when the american people know what she believes and what she has, in fact, stood the for, what policies she's advocated as a senator and more recently as vice president, they'll see how stark this contrast is and that the choice really has to go donald trump. larry: when she told dana bash at cnn my values haven't changed, all right, how do you read that? how do you think most people watching that, i don't know how many watched it. i bet a bunch of people watched it. my values haven't changed, even though she's tried the change so many of her policy statements. how's that work? i mean, does trump say, you know, his values have never changed? how is he trying to get that out, senator lee? >> i think he ought to ask her point plank -- point-blank, so do you regret being the senate sponsor of the green new deal? do you regret letting 10 million illegal aliens into this country as border czar while enriching international drug cartelses to the tune of tens of billions of
8:25 pm
dollars a year? and while leaving 100,000 americans to die of fentanyl poisoning trafficked up through those same cartels. do you still stand the behind those policies or not? larry: do you think if you -- if there were one or two things you want with trump to key on to to, senator lee, what would hay be? what would they be? >> i would love to have him key in on fact that under his leadership the size, scope, reach and cost of the federal government went down. larry: right. >> the cost of living went down, not up. because when government intrudes less, it unlocks unlimited human potential. it allows american men and women to do what they do best which is work hard and provide for their families. when government gets more involved, as kamala harris has always done in her career as a politician, that's where the american people suffer starting, first and foremost, with america's poor and middle class. larry: i think, get your take on
8:26 pm
this, i want to get to voting rights in a minute, but i think his endorsement of elon musk is very important and any potential commission like the peter grays commission years ago under reagan to sweep through government, you know, trump becomes a budget cutter, trump becomes a limited government guy. i know trump is certainly of after my heart. e i'd like to see him put that out there tonight, what elon musk is doing. robert kennedy is a plus, tulsi gabbard is a plus, but somehow elon musk, that that really sends an important message, doesn't it? >> i couldn't agree more, harry. elon musk is a genius -- larry. we're fortunate to have him in this country and so loyal to this country and all that it stands for. and president trump is very fortunate to have his endorsement and blessing. if american people can see what a he's done in industry after industry. one recent example is just look at what he's done to x, formerly
8:27 pm
twitter. he went onboard, fired most of the people, and the place ran more efficiently than ever. he can do that as he has done in business after business that he has run by getting rid of waste, fraud and abuse. and as you know, larry, in the federal government it's a target-rich environment. i look forward to watching the operation of his department of government efficiency as he sometimes described it because with him running that effort, donald trump's going to do amazing things. larry: i know. it'll be the most fun anyone's ever seen. last one, senator. you ought to be a citizen to vote, and there's a story running today and i know you've been pushing that. we had senator untherville on last night. -- tuberville last night. 140,000 votes in wisconsin without ids at all, much less citizenship. can you just give us 30 seconds on the so-called save act? i mean, shouldn't you have to be a citizen to vote in the united states of america?
8:28 pm
>> yes, you should. and not only does the law say that, but nearly all americans agree that that only u.s. citizens should vote in u.s. elections. the problem is we've got some loopholes created in the law that, for various reasons, have made the law very easy to exploit. there's a simple pix that i've introduced called the save act. the save act is attached9 ott spending bill that the house of representatives will be voting on tomorrow afternoon. spending bill's not perfect, but we need it to the pass. so if you agree with me that only u.s. citizens should vote in u.s. elections, tell your member of the house of representative thes to vote yes on the spending bill with the save act attached. we've got to get this done. the outcome of this election may well fend on it. larry: wow, well said. senator senator mike lee, it's great to see out. talk soon. >> thank you. larry: coming up, president trump is ready to talk growth tonight finish at least i think so. anyway, we'll talk growth. we've got david malpass, scott benson right here on the set when "can kudlow" returns.
8:29 pm
maybe toss in tax caughts, a little deregulation -- tax cuts. i'm kudlow. be right back. ♪ did there? hey, jackie! (♪) evan, my guy! you're helping them with savings, right? (♪) i wish i had someone like evan when i started. somebody just got their first debit card! ice cream on you? ooo, tacos! i got you. wait hold on, don't you owe me money? what?! your money is a part of your community, so your bank should be too. like, chase! ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ jardiance! -it's a little pill with a ♪ ♪ big story to tell. ♪
8:30 pm
♪ i take once-daily jardiance ♪ ♪ at each day's staaart. ♪ ♪ as time went on it was easy to seeee, ♪ ♪ i'm lowering my a1c! ♪ jardiance works twenty-four seven in your body to flush out some sugar. and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. serious side effects may include ketoacidosis that may be fatal, dehydration that can lead to sudden worsening of kidney function, and genital yeast or urinary tract infections. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have symptoms of this infection, ketoacidosis, or an allergic reaction. you may have an increased risk for lower limb loss. call your doctor right away if you have symptoms of infection in your legs or feet. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. ♪ jardiance is really swell ♪ ♪ the little pill with a big story to tell! ♪
8:31 pm
(fisher investments) at fisher investments we may look like other money managers, but we're different. (other money manager) you can't be that different. (fisher investments) we are. we have a team of specialists
8:32 pm
not only in investing, but also also in financial and estate planning and more. (other money manager) your clients rely on you for all that? (fisher investments) yes. and as a fiduciary, we always put their interests first. (other money manager) but you still sell commission -based products, right? (fisher investments) no. we have a simple management fee structured so we do better when our clients do better. (other money manager) huh, we're more different than i thought! (fisher investments) at fisher investments, we're clearly different.
8:33 pm
8:34 pm
♪ >> we're going to have tremendous growth. this is what i'm talking about, it's all about a growth. we're going to make our money back on growth. we're going to also -- i mean, we're going to grow like nobody's ever grown before. but we're going to bring tremendous growth out. larry: all right, it doesn't get any better than that, if you ask maine david malpass, former president of the world bank group understood ands secretary of the treasury during the trump years and scott bess santa -- bess ant. gentlemen, welcome. growth. tonight i think he's going to talk growth. i think nice a good space, and i think it'll help him. >> it sure will. and i hope he will really push the point, she stands for slow growth. and if they keep defending the idea that 2% is enough, that the u.s. has these low expectations and they want to maintain 'em by
8:35 pm
regulation, by high taxes and trump is just saying, look, that's not good must have for me. i want more and more for the american people -- not good enough. middle class has to have more growth. larry: you know, scott, i never actually hear democrats use the word growth ever. they, you know, redistribution, fairness, punishing the rich, pay their fair share. but the word growth or, for that matter, the word prosperity, it'sing like, not part of their lexicon. i would bet you kamala won't mention growth tonight. >> larry, the only thing they want to grow, they want the government to get bigger, they've made the debt bigger, and now they're going to have to make taxes bigger. that's what's growing. and when you had candidates like harris and walz who have zero experience in the private sector in their adult lives, they don't know what growth means. you, david and i have been around long must have to know that you can -- long enough to
8:36 pm
know that you can change the debt dynamics trajectory of a nation by increasing the growth. nothing involves -- solves -- larry: growth solves a hoot. -- a lot. elon musk and that commission, i don't know whether he'll have an opportunity to mention him, but people are very happy with that. it shows a commitment to the lower spending and limited government which has to be part of an anti-inflation program. >> absolutely. and the public really just wants anybody in washington to do anything that's in their benefit. so the, this idea, you know, they say, well, waste, fraud and abuse won't be big enough to solve the deficit problem. that's not right because if you start, once you start in the direction of some kind of constraint on washington and the swamp, then it will add to the itself. plus, markets react forward looking. you know, i'm really concerned about this unrealized gain --
8:37 pm
larry: yes. >> her -- she had a bad idea which was price controls, and i thought, well, there can't be a worse idea than that, and then they came up with one that's worse. larry: okay, that's a good point. did you read howard -- piece today? wonderful man, banking expert. basically, you have an unrealized capital gains tax, you will destroy the stock market, and you will destroy the savings of 130 million americans. not just the very richest who will pay, but the entire market will cascade down. >> yeah. the other thing you will destroy is the venture capital and entrepreneurial ecosystem that only the the u.s. has, you know, that created elon musk, that gave us our gigantic tech companies because these entrepreneurs can go anywhere in the world. elon musk came from south africa and settled in the u.s. if you put in the unrealized -- the capital gains tax, people like that will go to singapore,
8:38 pm
to abu dhabi. larry: but meanwhile, if you start selling, there's no end to it. in all seriousness, how scott was playing -- laying out, he's not really a macro guy, he's just thinking of it many a common sense, practical way. once you start selling, the selling's not going to end, right? because everyone, the whole system have to raise cash. >> if you tax the it, you're going to getless of it. -- get less of it. and you know where the idea comes from, the globalism that is in the g 20, so in brazil where they've been meeting all year long -- larry: right. >> brazil and france said we've got to have a tax on wealth. that's many part because the u.s. created so much wealth, so much jobs they want to get at it. and so that's this elitism that's really permeating the harris campaign. larry: scott bessant, are tariffs necessarily inflationary? >> not at all, larry. they can be a one-time, upward
8:39 pm
price adjustment. historically, the currency absorbs about half the level of the tariff. the producers in their margins can absorb it -- larry: that's it. can i just focus on that? okay. i don't want it to the end on fair trading practices, i'm a free trader at heart. trump's had a point for many years with china. what we found was chinese companies want toing to sell their goods here had to cut their prices and their margins in order to sell 'em. that's not inflationary. i mean, the tariff was a wake-up call, but really the dynamic was not higher inflation. it's not like 1929. we're not raising tariffs 60 or 80%. this is a tough one, but wall street keeps believing that any tariffs at all are inflationary. >> look, it's easy to be linear, it's harderrer to the sit, do the proper work because there are elasticities that will happen. consumer preferences will change, other industries, you know, other countries will start
8:40 pm
substitution and we'll get domestic supply. larry: and, david malpass, if you produce the goods here, you're going to get a 15% corporate tax rate which would be a great relief and would wash out any tariff problems. >> that's right. those hard to keep track of what you produce and is it being produced in the u.s., it's a challenge. a different point is, you know, the global trading system is really broken. it's not working. and so you can't just look at the idea of let's negotiate this into a better situation including with china. you can't compare that to the an ideal system. you've bot to compare that to what -- you've got to compare that to what we're doing right now which is really broken. so somebody's got to start this movement toward a better trading system. larry: well, i think that's to one way to do to fit. i just don't see how lore taxes, less spending -- lower taxes, heads spending, lower regulations, unlocking energy,
8:41 pm
fossil fuels again, and protecting our trading rights, i don't see how that's inflationary. i just don't get that. i mean, wall street thinks cheap labor, i guess that's what they want, they want another 10 million immigrants. that's one hell of a price to pay for cheap labor. and the cost of that labor is just going to be enormous. i'm just thinking out loud. anyway, scott, david, thank you very much. all right, folks, another big story today to, kamala harris did a full -- i love thib of her policy page, all right? that's, they had the code on the page prosecute biden campaign. -- from the biden campaign. here's whatway had to say about it this morning -- kellyanne conway. please take a listen. >> i can't stop laughing at this policy page we finally see, it should have been written in crayon. >> i know. >> i feel like kamala harris was sitting next to donald trump in the classroom and just started copying off of his notes. [laughter] larry: okay. joining me now is mark si is moan, wor radio heal of fame,
8:42 pm
joe concha, fox news contributo. leaning over trump's shoulder and copying what he's -- i mean, actually, the source code, apparently was still on the page. [laughter] >> yeah. larry: i mean, if you're going to steal it, not very good at that either. >> no. if you're going to copy off somebody's test paper, joe biden's not the guy to copy off of. larry: what is this all about? she decided that she had to have a policy? is that the idea? what is it, missouri magazine -- oh, no, the new york republic decided you better have a policy because you're losing, so she decided to the copycat joe biden, of all people? >> i think it was all for the debate tonight. donald trump would point out, you're the first person ever not to have any policy, so they had to get some fast, and they had to copy and paste to get something there. larry: joe concha? how do you read this? >> i think donald trump should sue for copyright infringement. the if it's the not trump's ideas, it's the biden's ideas.
8:43 pm
i mean, this is complete amateur hour. how lazy and unserious do you have to be? they've had since basically early august to the put this together, and no one decided to work and do this? so if this is biden 2.0, that's a problem because it's the same clown car just with a different coat of paint. that new york times poll that came out yesterday -- larry: yes. >> if you peel off the onion, 61% of voters want a change from the biden policies and the biden presidency. so kamala harris has to run against, you know, or herself or at least her former boss, and it's a very tricky line to try to dance especially when she has zero ability to speak extemporaneously and on her feet, and you're going to see this tonight on abc. larry: so, mark, in effect, she's plagiarizing biden. biden plagiarized neil kinic about 30 years ago a -- kinic. this is a keystone cop story. does not look good. >> not. she's got to defend afghanistan tonight, she's got to defend the border crisis, she's got to
8:44 pm
defend the economy. people keep talking about trump's, you know, he's got to be careful, he's really got an easy job. just point out his record as president, what he did. as you say at the economic club, he was brilliant for an hour in front of the smartest people in the world. larry: people say, i've heard more than one smart people say trump should just let her talk. if let her talk. what do you think of that? >> yeah, that's -- it sounds good, but you've got two moderators who are going to do everything to help her out. abc news has already declared the winner of the debate now -- [laughter] he's going to be debating three people tonight, but he can handle it. he's done six of these already, she's never done a presidential debate. larry: i'm going to ask this seriously. i asked this of elise stefanik at the top of the show. it's a bit unfair, but looking at "the new york times" poll, looking at the nate silver probability, i know this stuff can be very wrong. to some extent though, joe concha, this could be her last dance. >> this is the everything for her. if she doesn't do well tonight,
8:45 pm
this campaign is over. well, it'll get to november, but donald trump will be your 47th president. so she's going to try to go to the he resterred sinker route -- rehearsed zinger route. so i think when trump, when those zingers come, he should do what he did with joe biden in june where he said let's not act like children, remember? when biden challenged him to golf, dismiss the insults and just say, look -- larry: oh, she'll try to do one of those to trump like she did to biden years ago when they were debating, in 2019. is that what you're getting at? >> that's right. and trump should say people wan performance, not perform art -- performance art, and we have serious problems. by the way, there's no audience there tonight. when you try to do a zinger, it's like live comedy. if there's no audience to react, remember mondale and reagan, reagan -- i won't put your youth or inexperience, or lloyd benson with jack quayle, you're no jack
8:46 pm
kennedy? she won't have that. so even if she thinks she lands something, she's not going to be able to feed off of it because of biden's own rules -- larry: mark si mentioner what's the single biggest thing you want from mr. trump? is. >> this is going to be a a lot like carter-reagan. that debate turned everything around a, and everybody remembers the little zingers, but it was that 2-minute speech at the end that reagan gave that gave everybody goose bumps. trump, luckily, won the coin toss. be the final speaker with the final two minutes. larry: he needs a good finale. it's about the pieces at the supermarket, the gas station, the regulations, get the government off your back. i'm sure he's studied that speech, he's going to do a 2024 version of it. the the final two minutes of that won reagan the election. larry: joe concha, real quick, what do you think. >> go with a micro example of pennsylvania on fracking, do you trust me on that issue? because i already was president. we had great growth in terms of our domestic energy. so you know my actions.
8:47 pm
if do you trust the kamala harris? she said she was 100% against fracking, and now she says she's for it. do you trust her words where she's gone on both sides of the issue or my actions which we've already seen? larry: a couple of numbs would go a long way -- numbers. there was five times more real income under trump, like $6,000 per family. under biden it was a little over $1,000. a number or two could go a long ways, very interesting. anyway, thank you, gentlemen. mark simone, joe concha. coming up, more on what could be kamala's last dance. we're going to talk to florida congressman cory mills. i hear he's an excellent dancer. i'm kudlow, not so much. i'll be right back. ♪ can i have another pancake? from full house... ...to empty nest... ...to free birds. vanguard personal advisor can help you prepare for every chapter. we got this. that's the value of ownership. nexium 24hr
8:48 pm
prevents heartburn acid before it begins. get all-day and all-night heartburn acid prevention with just one pill a day. choose acid prevention. choose nexium. it's a smart move to get a second opinion. you do it when you're looking for a contractor. you definitely do it with medical advice. so why not with your stock market investments? we can help you see opportunities you may be missing. at hennion & walsh it only takes a second to schedule your free second opinion. so what's there to lose? speak to hennion & walsh. the second opinion people.
8:49 pm
♪ rising costs. selective coverage. for countless americans, the complex specialty care they need has always felt... just out of reach. ♪ at evernorth, we give members unrivaled access to the most complex therapies at the best prices. while providing enhanced support like in—home nursing at no additional cost. that's wonder made possible. evernorth health services.
8:50 pm
♪ (alarm sound) ♪ amelia, turn off alarm. amelia, weather. 70 degrees and sunny today. amelia, unlock the door. i'm afraid i can't do that, jen. ♪ (suspenseful music) ♪ why not? did you forget something? ♪ (suspenseful music) ♪ my protein shake. the future isn't scary. not investing in it is. you're so dramatic amelia. bye jen. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet.
8:51 pm
and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title.
8:52 pm
larry: all right, joining us now, florida congressman cory mills. we're talking about maybe kamala's last dance tonight at the debate or maybe not. corey, look, i ask you this, you're my expert, my leader on this. i don't know that it'll come up, but it's almost two months since the attempted assassination of donald trump. almost two months, okay? so far, as far as i can tell, anything's been resolved. the fbi, the secret service, other intelligence agencies, i don't know whether anyone will
8:53 pm
bring it up in this debate. he did dodge a bullet. as he said is, he took a bullet for democracy. you're an expert on all these matters. what's up with this? it's never been resolved. people aren't even talking about it anymore. >> well, larry, you're exactly right, and thanks for bringing it up because i it has been forgotten by mainstream media. you're talking about a man who on july 13th in butler, pa, literally took a bullet. what we've done in running our parallel independent investigation, we've conducted a forum on august 26th of 2024 where we brought in whistleblowers to include guys like ben schafer who was one of the counter-snipers who was there that day. what we have determined is that the secret service was offered compatible communications, and they refused them. they were offered drone surveillance from local law enforcement, they refused them. they had a morning meeting to go over the final details of where they were going to put people, they didn't even show up. when you look at all of these the -- all of these different things, we talk about the ideas
8:54 pm
of whether or noting you can prove that it is, you know, a intentional misstep or whether it was criminal gross negligence, i think they're indistinguishable at this point. again, the harris administration and hearst and biden is the and the rest -- harris and biden and the rest are trying to avoid these things because they think it looks bad on them. larry: well, that's the thing, you know, the secret service, the the fbi, these are executive branch agencies. that's what they are. they come under the president and the vice president. and i don't think either biden nor harris has lifted a finger to help. >> that's right. larry: now, if i'm wrong, i'll be the first guy to say i'm wrong. but it just seems like the leaders of these agencies have drag thed their feet. you have got your independent agency. i mow that a there's been some hearings -- i know there's been some hearings in the house and senate, but again, i say to you almost two months later to the day, this whole thing is still unresolved, and it's, it's -- i
8:55 pm
don't even know if it's on page 18 of the newspapers. >> well, you're exactly right. and, look, the reason that biden and harris and the executive the branch wants to avoid this is because it's a tally up to the failures they have in place. look at the botched after began withdrawal, the 4 22,000 recruitment deficit and the weakening of our military, the biden inflation and the economy that's gone on. look at harris who was the last person in the room that cost 13 heroes and 13 if gold star families where they tried to avoid acknowledging them in any way. look, it's simple, when we look at what president trump does today, let him run on policy or politics x there's no way harris can compare. whether it's the abraham accords, our economy through the china phase one deal, whether it was remain many mexico that meant -- in mexico or whether it was him holding our adversaries accountable and nearly bankrupting iran and holding the houthis under terrorist december ig neigh, these are things that matter. that's what we're looking at.
8:56 pm
larry: congressman cory mills, terrific stuff. talk soon. folks, be right back with my lastsome word. like your workplace benefits and retirement savings. voya helps you choose the right amounts without over or under investing. across all your benefits and savings options. so you can feel confident in your financial choices. they really know how to put two and two together. voya, well planned, well invested, well protected.
8:57 pm
the future is not just going to happen. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future. a future where you grew a dream into a reality. it's waiting for you. mere minutes away. the future is nothing but power and it's all yours. the all new godaddy airo. get your business online in minutes with the power of ai.
8:58 pm
gum problems could be the start of a domino effect parodontax active gum repair breath freshener clinically proven to help reverse the 4 signs of early gum disease a toothpaste from parodontax, the gum experts.
8:59 pm
clogged gutters can cause big problems fast. until now. call 833-leaffilter today for your free gutter inspection. i've had terrible flooding problems on my porch. now i understand why. right now leaffilter is offering a free inspection, on your schedule. leaffilter is a permanent gutter solution, so you never have to worry about costly damage from clogged gutters again. call us today and schedule your free inspection. to schedule your free inspection, call 833.leaf.filter today or visit leaffilter.com.
9:00 pm
(♪) looking good, guys! haha! thanks! oh! hey pickle! hi dad! i brought mom's glasses from the hotel oh, great! she's in the ballroom. the big one. i'm coming up! vacations are better with the credit gods are on your side. rewards once available to the few are now accessible to the many. earn points for travel with credit one bank, and live large. ♪ larry: that's it for "kudlow." thanks for watching, folks. ♪ ♪

44 Views

info Stream Only

Uploaded by TV Archive on