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tv   Kudlow  FOX Business  October 2, 2024 7:00pm-8:01pm EDT

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larry: hello, folks. welcome to kudlow, i'm l arry kudlow. well, we have an all-star lineup to weigh in on last night's vp debate, including steve scalise, harris faulkner, and vivek ramaswamy. and more. but first up, with grace, style and messaging, jd vance clobbered tim walz last night in the vice presipresidential debate. >> so, jd vance clobbered tim walz last night, vice president at debate. mr. vance had grace, style, humility. resleprelentless messaging and religious grounding. making crucial policies easy to understand, high high -- he was so good, it was quite possible he moved needle for the trump team. it may be unusual for a veep
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debate but it might do it with 34 days to go before the election, clear that economy. and borderless illegal immigration problem are the two issues too decide this election. mr. vance, on 11 separate occasions during the debate, talked about high take home pay, and low inflation, during the trump years. 11 times. take home pay. that was ronald reagan easy continued to phrase aimed at average working class family, what really money is left in your wallet or pocketbook after taxes and inflation, vance said this key point 11 times. take a listen to one. >> i think you have a tough job, you have to play whack-a-mole pretend d donald trump did not deliver take home pay, he did and he
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lowered inflatio anonymous y. >> we can get back to an america that is affordable, we just have to get back to common sense economic principles. larry: that is all i say, wow. simplicity is most elegant form of messaging and repetition is crucial in politics, governor tim walz, tying himself up in knots, trying to remember all things his team crammed into his head, much of the time he fell back on a lot of meaningless word salad, and bungled the abortion law in his own state, there say new minnesota law that allows abortion at any stage in a pregnancy if a doctor approves, jd vance tried to help mr. walz to understand the state law but it did not work. there is more. vance reminded people of the
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biden-harris affordability crisis. everyone has suffered because consumer prices have risen faster then typical working class wages during the biden-harris term. during the trump years real average weekly wages up 9% and harris years they fell over 4%. under mr. trump, median family income rose roughly 6,000. that is the affordability crisis, and people know it. personal borrowing solves mortgages, cars, credit cards. the rates skyrocketed, they are not part of the cpi . this is a huge kitchen table issue, affordability. a crisis. and vance mentioned this 6 times during the debate. now every time tim walz started throwing out
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complicated big government spending plan, jd vance would gracefully acknowledge their there might be something good someplace in one of those plans. but they had over 3.95 years do it that was vance's real message. why didn't they do it. including immigration? vance mentioned illegal immigration 15 times, walz supported senate bill that would have allowed millions of illegals, to come over the border. illegal immigration and crime. nothing hard continued to there. -- to understand there, vance played is easy, he was polite and he o agreed on something with governor walz but remind day one of any harris idea was 14 hy 1400 days ago. all this is so effective. just a few key points
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repeated a number of times with good humor and friendliness, anyone can see mr. vance is a very smart young man who knows about all kinds of policies as he ran circles around governor walz. >> we have the greatest country the most beautiful country, the most incredible people anywhere in the world. they will not be able to achieve their full dreams with the broken leadership we have in washington, they will not be able it live their american dream if we got same thing that we've been doing for the lat three the last three and a half years. larry: pretty good, of course, he won the debate. for those of us who watched it, i'm sure we saw presidential tim. and that is the riff. now. we got history, right here on this set, i'm talking history. all right not just guest, history. joining me now house
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majority leader steve scalise of louisiana and herharris faulkner, there is a duo never happened before. no one will think about it ever again but me. thank you for coming. to you both. >> thank you. larry: harris faulkner, i laid out some opinions of my own messaging representation, and grace and what did you think about it. >> first thing that came to mind was just the way that he was so prepared to be the person that he is. you know he got defined by lift early on -- left early on, he made stumbles i talked with former president about this in one of our interviews what we saw last night was growth, transparency, he may not have been fact checked but he was willing to fact check when needed. but he was fact checked by a crew that did not do it evenly, he didn't take the bait on that.
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so, that to me just shows someone who knows who they are. and in that moment, you called it presidential tim, timber, i call itself awareness and knowing the audience, they are hurting, they understand when he does not say, i grew up in middle class, he said i was in a working family, they worked for basics that is different from class warfare we see sometimes politically. but sitting next to congressman scalise, was like a m master clarks class, you much watching clips and nodding, i have seen do you the same thing, i'm not saying that because we're making history, according to larry. >> i like that. larry: there is no finer person. in washington than steve scalise, i have known him many years swerved him, in the government, after what he has been through. >> amen.
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larry: fights off tough medical problems and they took a shot at him at baseball game, and without any adieu, he shows up, i saw it in a wheelchair, so what. coming through roosevelt room on a meeting with trump, nobody is better than scalise. >> thank you. >> that is experience. what we saw last night, with all those years difference, i would call him a young man, i am older too. it just seemed he was in his own skin. larry: he was, steve, other thing, on the crucial policies, like, one thing i learned from reagan, when i worked for him, don't talk about 8 or 15 policies. figure out three policies and four max keep talking about it. i say this tongue in cheek but i mean it, politics is like rerid religion, there say certain amount of
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repeating involved. all the key issues, lunc11. >> you should have done this three and a half years ago. 7 times. that is pretty good. >> larry, by the way great to be with you both. appreciate the kind words, if you think about last night, for jd, for millions of people watching this was their fires -- first time seeing him, last night, most important their first impression of him, they might have seen things on news and caricature from left and foolishness, you watched a man focused, disciplined talking about issues that people care about and he was calm, and smart, blending in his life story, and an introducttion.
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people did catch last night, and i think that contrast between him and walz was different to you know walz was unhinged and questions he should have been prepared for tiananmen square score h story he made up, maybe he figured the left won't ask him a tough question just jd, they asked him that question, he was not prepared for it. and then you go to jd, like you say, every question, he would bring it right back to things that people care about, their top issues, border, higher costs at grocery store, and is hurting families, and talk about it from his back story he grew up in poverty, lived american dream. larry: i should have put in the riff, that your point about blending in his life story. he came up from a poor back ground. we have sound, let's play, the american dream opening. i think in there you have
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some of his life story. >> i know a lot of you are worried about chaos in world and feeling that american dream is unattainable. i want to try to convince you, that if we get better leadership in the white house, if we get donald trump back in the white house, the american dream will be attainable again. larry: now, live that, that is pure optimism right at the start. pure. he also to steve's point before that, talked about his humble beginnings. that is optimism. american dream, other day unfortunately, kamala harris said the american dream was not attainable, she said that on msnbc interview, i think. he said that american dream is there we'll have to change horses. and i think that is very important point. >> he did something similar that worked well for him. he got crisper on that message, what little they did on the economy, they really didn't get into did
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right away that is number one on list, and second immigration, the border kind of you know goes from second to third depending on rocking. but the economy stays top, he was chr crisp on that about some things and former president would do and he talked about paying for things, that is something that kamala harris struggled with, you want to give people 25 thousand to buy a house that will drive up cost of the house how do they aforward insurance and inflation does not mean prices go gown when number of inflation rates coming down, they stay where they are and rise slower. the reset, is not happening. we're not going back to what they were in 2020, that is not happening, we have talked about; that this is the affordability crisis. i also think this jd vance got crisper on on issue of abortion, i thought are
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republicans ready for that, not in the top 3 pe things of american voters, he g crisp ir, the difference, he is out, he is getting his reps seeing american people, he is listening doing things that tim walz was not doing, he is gets pressed in the interviews, asking him about what me said in the past, he is getting sharper at that. larry: he had to explain minnesota abortion law. >> he read the law that tim walz signed. tim walz did not know the law, jd explained the law to guy who signted it. one more example of how he was focused but he did, and i think this was so important, as he would respond to a question, or even address something that walz might have brought up, he brought it back to kamala harris. she is presi presidential nominee, does not matter what tim walz thinks, what kamala harris has done like you said, 14
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hy1400, days ago was hers phys day in office. larry: i will come back, three and a half years. of things he repeated. you know besides affordability and inflation. this is just in my opinion just masterful. >> she has been vice president for three and a half years, she had the opportunity to to enact great policies, and what she has done instead is drive the cost of food high higher by 25 percent, and housing high are 60%, open american southern border and make middle class life unaffordable for a large number of americans. larry: i think that is masterful. he was relentless on the three and a half years or 1400 days, he does not have to day st is terrible.
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that is a good idea but it should have been done. >> laying out facts that relate to problem people care bi get to go to country and swing districts and states you hear same thing, some anomaly of an issue comes in in one state but everywhere you go they talk about cost of things and how it hurts them, and limits their ability to to provide for their family and safe save for kid's college education, you talk about border you hear about fentanyl deaths, not just people. taking resources. being camped up in schools, and hotels and trashing hotels when you have veterans, that have served ycountry sitting on the street this angers and affects people, that is what jd was talking about and tim walz was all over the record explaining how kamala harris has the great ideas, she has changed her position on everything, and nobody
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believes it, she is still against fracking, still for open borders and still for taxes that hurt people, even though nobody believes she has changed her views in last three weeks, versus what she has been for last 20 years. >> after hanging out with you two i'll be better and i would say this, you become most like people you spend most of your time with, what we saw last night was a young man and a senator who spends time with a former president, we saw last night was governor of minnesota, who spends his time with a failed vice pres presipresidential candidate, on top issues voterrer say are important, you become most like people you around. tim walz i don't know if he can make up, i don't know if it matters. >> how many watched do you think? 60 million. >> i bet it was probably 50. larry: 50. >> but people say it does not matter who the vp is, it does. when you take a look at what is going on in the world
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right now. we didn't get to port strike. larry: all right. >> that is why i think it moved needle. larry: i think it. >> v vp debates rarely do, i think last night did he kept bringing to kamala and her policies are hurting people. larry: people saying it is best debate they have seen. >> interesting. larry: if you saw it i think there a clear winner, but point is, there is a historic segment. historic. >> god bless you. larry: steve scalise and and famed fox news host harris faulkner, famed. teleprompter will run i'm ready. >> i'm bringing cookies next time. larry: watch harris on faulkner focus. and got that done and out numbered, coming up is there a 6 trump economickic -- second trump economic boom in sight, we'll ask john
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>> if you look at what was so different about donald trump tax cuts a lot of resources went to giving more take home pay to middle class and working class american it was passed in 2017, you saw an american economic boom unlike we've seen in a generation in this country. larry: clear as a bell, joining us now, john carney. and coauthor of breitbart business digest. daily basis, get it. my pal ej antoni. research fellow at heritage foundation, ej, senator was correct, he was right. the corporate tax cut, not what republicans had usually been doing, had biggest impact the biggest increase
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in after tax income in the middle class and lower quintiles, you have. we have go through this, let's see tax cut of 16% to 26%. in bottom quintile, and of 11 '13% in middle. and tom quintile, very -- very top, if you made over a million you picked up 6%, they are growth rates increases. he was right. but the democrats continue to lie about the impact of this. >> and larry, you w have to wonder why, why are they pushing so hard to repeal trump tax reform, i think it has to do with their do donor base. so repealing that would cause taxes to go up on
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middle america but the donors would see a decrease in their federal tax liability. larry: this is like i, guess if you say something often enough, someone will believe it, they have been lying about it since 2017 tax cut went through. this and fact it caused huge i don't know what walz said, 8 trillion dollar budget deficit, which is not true, revenues rose, we had laffer on the day before, they lie about who made out the best, middle and lower incomes they lied about revenue impact they lie about the whole thing, they just want to raise taxes. >> don't people see through this. >> i think they do, can they lied about it when before it passed. it was still working its way through capitol hill, they said it the cull taxes for rich -- cut taxes for rich, i cor covered did every
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day, you could go through akeeps at breitbart, you could go, almost everyone that pays taxes got a tax cut from that. larry: that is right by the way. people like the left of center, brookings institute and wharton penn model said, that i guess democrats oppose all broad-based tax cuts, they want tax credits, that is spending through the tax codes. targeted tax credits to their favorite political group. they don't want the whole country to enjoy the prosperity that would come from a broad based across. -- jfk-type or reagan-type or trump, they oppose it they always on, p oppose it, kennedy is last real democrat with a broad base tax cut in 1962 it was passed in senate after he
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was assassinated. >> and i think reason for that is because it allows them to going back to donor base, extract more political contributions out of the economy. if you have high rates and narrow limited deductions people will be willing to pilot to a politician, to get a carve out for themselves and not competition. larry: you know, well. i used to know democrats who wanted to lower capital gains taxes but they have all been retired, john carney, makings of second trump economic and damage boom from your -- boone from your business digest. >> last time, trump was surprise win. and if you look at survey in particular business leaders, they didn't think that would would win that is repeating itself, that does it sets up
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markets and economy for a surprise upside, those same cfo's, they don't think that trump will win, say trump is bitter for the economy. -- better for the economy, they are expecting a ways economy after the election, because they think that worse candidate will win. larry: that is like t 2016. >> it is. larry: i remember election night. first, market went way down. then as it became clear that hillary was running out of real estate and trump was winning you had a soaring market, i remember that. >> not just markets but consumer sents. people felt better about the economy, you had a huge jump in consumer sent. it was a not just a spike it rose and stayed high for the e enert -- entirety much trump years until we got hit with the p
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pandemic, we're setting up gain for a jump, and investment boone from companies they see they get a tax cut their taxes will not rise, they are holding back, a third of cfo's are holding back on investment because they are worried about tack environment. -- tax . larry: ej . i think that dockworker strike is unpopular and i believe 77% it too much but they were clobbered by high inflation, prices rise higher than wages, last three and a half years, a lot of strikes, there is boeing strikes and others because they were clobbered by biden-harris inflation, which was much higher than wages and they want some rir -- i think they got
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a point that is all i'm saying. >> i think that is why we've seen so much labor unrest in this country during the biden-harris administration. i wrote a piece for fox in october of 2021 exc, site -- sighting reckless run away sending, saying we'll have anon inflation and that will lead to labor unrest, and that will lead to strikes. >> last time we had these strikes. >> 1977, longshoreman strike. larry: a bunch of strikes. at the same time, inflation causes this -- inflation causes labor unrest and consumer unrest. it kills confidence. >> these guys got a pay cut because of inflation they negotiated 2% raise a year, even 77% over 6 years is mostly making up for pay cut they got because of biden inflation. larry: thank you, john
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carney and regis philbin. ej an. >> coming up. phd and economists are wrong about trump's agenda, does vivek ramaswamy agree or disagree we ask him and other things about debate last night i'm kudlow be right back, stick with us. (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 not only in investing, but 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.
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nah. but all that writing... nope. ai, done, built. let's get to work. create a beautiful website in minutes with godaddy. . >> donald trump's economy plan is not just a plan but also a record. a lot of those same economists attacked donald trump's plans, they have prd's does not common sensor wisdom, delivered highest take home pay in a generation. peace and security in the world. larry: taking a whack at economists and other experts, joining us vivek ramaswamy, businessman
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author of truths, the future of america first. great book. you heard him, what do you think, a whack at experts in particular economic experts but not only -- they were all wrong about trump's first term, they were all wrong. i was on the receiving end of that. >> you could look at role of health experts over last several years in covid-19 pandemic or lockdowns. about debate last night, i felt a little bit bad for tim walz, i am proud of jd, not his fault high was put in his position. i think said a lot about donald trump and kamala harris actually. it says who a leader is willing to select as their running mate without throwing threatened by someone in jd's case can stand on his own two feet and take the fire, in terms of tim walz there are better
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picks that kamala harris could have made. she didn't do that, that says about her and her ininsecurity a leader. regardless, you talk about rejecting experts, part of what you need is a leader with enough self confidence to to get to what is true that involves listening to mul multiple kinds of experts, i think that donald trump in collecting people he has around him is dim straight -- demonstrate heed is willing to do that. larry: vivek if trump wins, and you go into the government, i hope you clean out from of the so-called experts, i have lived with these over 45 years in my twice terms in the government, the experts have basis, that is what i'm --
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biases. i think we should have let's say honest experts or honest bureaucracy or better a smaller bureaucracy. >> yeah. i would say nonexistence bureaucracy is best, the paths path of truth runs through free speech in a debate. the idea that no person no matter how many letters they have after their name has actual all knowing knowledge, no one is god. the trap we fall into this last several years here, culturally is believing somehow trusting the s science, means you are trusting a human being, who themselves are actually fraud. be that fowch fauci for people with the school
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lockdowns. like a drunken patron at a bar throwing a arrow and missing. instead of focusing on dollar stability, economic ppolicy, we need more open debate and accountability rather than expert class that is insulated, you have my ward wwhat is word -- word is what we're restore getting rid of managerial class. and that something we're missing. larry: everyone is rooting for you. vivek on debate, i thought jd vance was so smart, what did he do? picked a handful of issues. key issues. inflation, you know incomes affordability, immigration.
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and three and a half years or 1400 days. and kept talking about them and coming back to them and repeating them, those are what people care about. i think walz was tied up in knots. he didn't know what to do with it, if they disagreed, jd would say maybe you have a points, but you should have done if 1400 days ago. that kind of stuff. i want to say in some sense it was reaga reaganesque he took a couple of points and kept hammering away that is what the gipper used to do. >> every time we have a policy focus debate our side wins, i'm proud of jd, also lesson for us we're on right side of policy questions from economic policy, tho -- solve illegal mass immigration crisis. and in deeper sense, i spoke
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at liberty university to about 8 thousand young people this morning, how to revive national pride. we're on the winning side of those issues, more we're focused on our own substantive vision, the better off our movement and party and country will be. i think that will serve us well between now and november 5, if we stick to our vision it should not be a close election, we should win not just by a little bit but in a unifying landslide of the kind "the gipper" delivered in 1980 and 1984, i think that is possible, that would be good for future of country, that is what i'm rooting for, and working hard we see it happen. larry: vivek ramaswamy thank you. sir. we love your wisdom, come back soon. >> thank you. larry: foreign policy a key issue in last night's debate, joining me now brian hook, farmer u.s. special represent for iran. thank you for your time.
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>> you bet. larry: israel is looking at or thinking about or one hears about, going after iran. either hitting their nuclear areas or their oil fields or both, joe biden is against it. he made the same statement today, i don't know, i think we have some tape. but not enough time. i will ask you. biden wants a cease-fire, i don't know what a cease-fire means, hamas does notment one and hezbollah does not want one, iz his p israel in process of tearing then part and the rest of the world will benefit from, that your perspective, some iz giisrael go after iran. >> i think they can, and had and will, i think israel is preparing for a major strike against iran, i think minimum they will target
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emergency, and economic lifelines, and also some military targets. and then i think on the table, possible they could go after the nuclear sites. they could go after the iranian regime leadership in way they had against hezbollah, and also against hamas. i think it will be some mix of those options and it could very much resemble israel in 1967 during the 6 day war. they struck out in a number of different directions and changed balance of power in the region for decades afterwards, we could be in that similar moilt moment. larry: that would be a good thing? to your use your elegant phrase, changing the balance of power, i have to believe a lot of gulf state arab countries including saudis would like that very much, israel taking out hamas and
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and hezbollah. -- they get crushed. why not change the balance of power? >> i think that is right, i think a lot of our gulf partners, saudi and uae and bahrain, the principle driver of violence in today's middle east and iranian regime. one thing that enabled abraham awards is way that president trump organized israel and gulf states again common enemy, u.s. and israel and sunni partners on front lines of iranian aggression we organized them against that threat that then opened the door to new opportunities for peace. that trump laid out in 2017 and his speech in riyadh, a fantastic speech, setting forth a vision of peace and sstability.
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larry: i have said, i'm not only one, i think israel is doing the world's favor, and that at some point. the rest of the world, democracies and naysayers, u.n. is helpless, but other places will thank israel for what they are doing right right now and doing it alone, maybe help is on the way in 5 or 6 weeks brian hook, thank you so much for we appreciate it, sir. >> thank you. larry: folks we have one more segment. great by byron york, wrote a terrific column today, last night's debate was over in the first minute. all right. first minute. he economy right. he off -- he could be right, he often s byron york on set, next to me, i'm kudlow, stick around. ecte
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♪ ♪ 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. larry: byron york writes, vance crushed walz and the debate was eve in the first minute, byron york is joining my on set. chief political correspondent washington examiner, fox news contribute or, long time friend. >> if nurs first
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minute, after the debate, trump's co cocom p -- >> he said, the first question, was about the chaos erupting in the world, a very important grave serious sort of issue to be raised. and walz was there nervous, fidgeting, not very focused. and. larry: he was like a little bit -- >> he had a deer in headlight look, he said, that is just not the look of a confident man you want to be president of united states. larry: and jd vance answers were -- went through his personal history for example. that surprised some people, he got it done quickly. and i think on the iran question, i think that was one of the first questions. it might have been the
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first. walz gave some word salad thing, i don't know what me said. vvance said, up to israel. that was a great answer. up to israel. not, ceasefires, and this and the biden stuff. and all of the appeasement, it is up to israel. >> most fundamental question, a several national war right now. on introducttion, i was slightly surprised he said first lit me p -- let me introduce myself, vance had an audience of all three broadcast dinosaur networks, all cable news networks, all sorts of on-line outfits, he had a huge audience. it was one chance he got to say something like this. he did it briefly. larry: he shrined. >> he did.
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larry: harris faulkner thought maybe 50 million people saw it. it was a great moment for him, right now how do you see this race? you are an expert in this, you write of day. you know a lot about politics and polls. >> well, i see it that after july 21, big switcheroo, there was a long period of a sugar high for harris. that was actually beginning to wear off before the september 10 first debate. only debate so far. trump and harris. she has done better since then. she had a better debate than trump did. i didn't think she had a good debate he really didn't have a good debate. i think she is still up by a couple of points in real clear politics average of polls nationally, the question is, you have talked about it before, the electoral college, if you are tied does that mean a
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win for trump. >> we'll see, byron york, visiting on sit, historic event. nice to see you. >> beautiful design, tremendously rich content, and, my favorite touch, it's the only site that always connects you to the listing agent. feels like a work of art! (marci) lovely. what about the app? (luke) uh-oh! look what i did. it's ringing. hello? hello? (marci) they can't hear you. (luke) hello? (marci) because you glued a frame over the microphone. (luke) i think i've glued the frame over the microphone. (vo) ding dong! homes-dot-com. we've done your home work. when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we know that's especially true when you're looking for a medicare supplement insurance plan. that's why we're offering "seven things every medicare supplement should have". it's your free, just for calling the number on your screen. and when you call,
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