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tv   Kudlow  FOX Business  October 3, 2024 4:00pm-5:00pm EDT

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down, people are looking for dividend-paying stocks. taylor: 20 the seconds. how important is jobs day tomorrow for the market? >> well, it's very important because it's going to lay out the path for what the fed is likely to do particularly in november. we get less than expected number of jobs created, we're looking at a 50 -- taylor: do they go that 25 the or 50? >> it depends on tomorrow. if it's weak, i think they're going to want to get those interest rates down to prevent manager more than a service landing. if it's more than expected, they have the option to go 25 basis points. taylor: david dietz, we love having you on the program. thanks for being here. markets are lore on this thursday. maybe, as we were just discussing, tomorrow's jobs report can turn stocks around with the week hopefully ending with gainsful that'll do it here for "claman countdown." thanks for tuning in. she's back tomorrow, "kudlow" is next. ♪ ♪ larry: hello, folk, welcome to
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"kudlow." i'm larry kudlow. crazy things going on in the election year, and we're going to talk about as many of them as we possibly can. senator mike lee's going to lead us off in just a few moments. but first up, i want to say blame biden-flation, not the longshoremen, all right? and that's the subject of the riff. ♪ so no one likes disruptive strikes, but people should be blaming biden-flation rather than the dock workers. you know, the late jack kemp taught me this very lesson over 40 years ago: labor strikes were breaking out all over the country in the 1970s, and business always a blamed labor for asking for too much. but kemp correctly argued that bad money, high taxes and 15-20% inflation in the '70 tos were the real cause of the labor revolt. the same lessons should apply
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today. 20% inflation over the past three and a half years has brought down real wages for working folks all around the country, and and that includes the longshoremen who have just gone on strike on the east coast. breitbart's john connolly has calculated that the maximum $39 wage for dock workers, that was from the if original plan, is now worth only $30.70. $39 now worth only $30.70, in 2018 dollars when the last contract was negotiated. the starting wage is the equivalent of $15.75. if no big deal. real wages have dropped sharply as the cost of living has skyrocketed. now, i know it's fashionable for all the business lobbies and even some conservative editorial pages to beat up on the ila but they should be aiming at the
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biden-harris policies, not the workers. let's not forget kamala harris was the deciding vote for the two biggest inflation policies, the $1.9 trillion american rescue plan and the $1.2 trillion misnamed inflation reduction act. plus, they layered on $2 trillion of new regulations. that was high inflation. their war against fossil fuels doubled energy prices. that too, huge inflationary if impact. the longshoremen are asking for compensation for biden-harris inflation. they'd also like some kind of insurance against future inflation. longshoremen are can asking for a $5 an hour increase in each year of the next six years. now, if you think that's too much as the 77 rise of the contract suggests -- 77 -- you should give the workers some assurances that we're not going to spend at $6-7 trillion on unnecessary domestic program,
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that we're going to open up the fossil fuel spigots, that we're going to cut taxes instead of raising them. oh, wait a minute, that's exactly the economic platform that mr. donald trump is running on. but kamala harris running a completely different set of policies. already she is advocated $2 trillion in extra spending with massive tax hikes, massive tax hikes, price controls, rent controls and a continued war on fossil fuels. so if you're a longshoremenman -- long shoreman and you're mobility if negotiating right now, who and what do how you trust over the next six years? they're trying to protect themselves against the worst case scenario. the moral of the story, the american work force deserves a solid hike in wages. they are trying to make a very important point if somebody would just listen carefully, all right? and that's the riff.
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now, we're going to have some fun. joining us, utah senator mike lee. senator lee, welcome to the show. look, maybe you don't agree with me. but i, i mean, i don't like bad strikes. i know there's some problems if it continues forever. a decent administration would stop it from continuing, but the reality is they've been killed. wages -- prices have gone up much faster than wages in the last four years. you know that, sir. it's affected long shore mentioner it's affected every working family in this country, and there is a revolt against it, so i don't really feel like blaming the longshoremen if. >> that's a very fair point, and they're experiencing what so many other americans are experiencing right now, the impact of excessive federal spending and excessive federal regulation produced inflation. that means that every dollar everyone makes buys less of what they need. and so as a result of that, people have looked to to other things they can do to make ends
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meet, and the longshoremen are using the tools available to them. i do hope that they will get this resolved as soon as possible, but this should not come as a surprise to the biden-harris administration which caused this very problem that a put them here in the first place. larry: yeah. you know, i mean, i agree with both points you're making. but the thing is there's almost a knee-jerk reaction, business blames labor. and i don't know if you ever met my dear friend and mentor, the late jack kemp. i don't know if you ever met jack kemp -- >> i did. larry: yeah. i mean, it was always a great experience. the guy was total energy, loved america. he was mr. growth and mr. supply side. okay. anyway, he used to always say stop blaming labor, to republicans. he would say, you know, why don't you bring labor into the republican party. by the way, it's not dissimilar to what mr. trump is trying to do, to bring working folks into the republican party at the polls in another month or so. but kemp would say is labor didn't destroy the value of the
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value and the money -- the thereafter and the money supply. labor didn't raise taxes. labor didn't cause all this inflation. that was done by the government, you know? so blame the government or blame the democrats who were running the government. of course, in the '70s it was both republicans and democrats who are inflationary. blame inflation, not the work worse. -- work force. they're just trying to survive. i think you see labor unrest break out in a bunch of places, i don't think it's because they're mean or the work force hates america, i think they're trying to survive. but they can't when prices rise faster than wages, senator. >> no, that's exactly right. and so whether you're someone who's worried about the strike, you should lay the blame appropriately at the biden-harris administration and their failed policies. and if you're part of organized labor, then you should vote for trump-vance and not, not harris-walz. because you'll get more of these same kinds of policies with them.
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that's why the republican party, it should be the appropriate home for organized labor. larry: yeah. senator, donald trump speaking out in sag gnaw, michigan, if i'm not mistaken, and he's speaking right now, and we've got some interesting tape i want to roll for you and get your comment. here it comes, sir. >> we can soon have soaring income, skyrocketing wealth, millions and millions of new jobs and a booming middle class. [applause] we can live in cities and towns that are safe and clean and borders or that are sealed and secure is. wouldn't that be with mice? [cheers and applause] be nice? and america can once again be strong and confident and free. larry: he's gone? okay, we're done. he's talking about a new golden age. he's saying make america great again, we're launching a new goldennen age for america. i know people say, well, those are campaign promises, but i think it's all doable. one thing, senator, you and i
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have talked about this down through the years, why shouldn't we accept 2 growth which is what the federal reserve -- actually 1.8, why not back to 3-4% growth which we had in this country for the, whatever, 75 years after world war ii? i think it was about 755 years. why can't we -- 75 years. why can't we grow the economy faster, have better wages in what's wrong with those goals? >> the biggest single impediment to to both those things is the federal government. excessive taxation and excessive regulation is what's lot to -- throttling economic growth. there are some studies that try to examine what would happen if we could strip away a large part of the federal regulatory overlay. we have about -- we add about 100,000 pages of law every year with written by bureaucrats. those regulations over time build up. they're costing, many estimate that they're costing the economy $3-4 trillion right now. roughly in the same neighborhood as what the personal income tax costs the economy p. only you
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don't see the bill for the higher prices you pay on everything because of increased regulations. if we did that, i think we would see increased economic growth far above the roughly 2% that the federal reserve aspires to. i think we start the see much more like 3, 4%, sometimes more than that. but as it stands, this serves as a regulator, and not in a good way, something that depresses the upside, the potential for economic growth. if. larry: yeah. you know, as reagan said, what was it, the nine scariest words in the english language, i'm here from the government and i'm here to help you. i mean, you know the more things change, the more they remain the same. i've been doing this a long time, senator. i should be tired, but i'm actually not. i worked for reagan over 40 years ago. i'm still cooking. i went down there for a while and worked with you in the trump administration and is so forth. it's still a problem. blame government, don't blame the long longshoremen. i guess i should just say that.
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and the people who are running the government, for heaven sakes. >> that's right. and especially when you get to the point where the people in government who are supposed to be responsible for making the laws. under article i of the constitution, the only people who can make federal law are members of congress. without the house and the senate passing the same piece of legislation, you cannot make a federal law, but we've been making 100,000 pages of new law every year without congress weighing in on it. the raines act is one of the the things i hope and expect trump will push in the coming administration. larry: that's an important point. the supreme court is encouraging that, ending chevron deference in the epa v. west virginia, so you quite right. senator lee, another point. we're hearing both the democratic candidates, kamala harris as well as governor walz, both of them are saying if we get a democratic congress, democratic senate particularly,
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5 5 votes could end -- 51 votes toweled end the filibuster to reinstate roe v. wade. i want to focus on that first because they don't want to reinstate roe v. wade, they want to reinstate a draconian position that would allow -- end abortions in the eighth and ninth month and even packager-term, partial-birth abortions which is a horrible thing. but i'm going to also suggest to you, sir, and then i'm going to give you open field running to answer this, that what they're really aiming at also, they're going to kill the filibuster in order to pack the supreme court so it's katie, bar the door, towards their liberal-left policy. you are a scholar and a constitutional expert on all of this. you've talking about it for years. what do you make of these democratic ends of filibusters? >> when democrats threaten to to end the filibuster, number one, we should believe them. number two, we should be scared to death.
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number three, we should understand this is about maintaining a perpetual, indefinite democratic hegemony, the likes of which we haven't seen in this country, the likes of which bestow one political party, in mexico it dominates that country's politics for almost the entirety of the 20th century. that is what they want here. now, they'll be able to do that if they get the majority back in the house, keep the majority in the senate and maintain the white house under democratic control. they'll remove the filibuster, they'll add d.c. and puerto rico as states, they will also pack the supreme court. and once you do that, there's a one-way street toward politicizing the court. i felt so strongly about this two years ago, i wrote a book about it. it's called account request saving nine." it's not technically unconstitutional to pack the supreme court, but once it's done, it changes fundamentally what the court would function like. it would turn the court into a political -- that would eventually become far too big to
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perform its judicial task. all of these things would help the democrats in turn to the maintain this sort of e perpetual democratic dominance, which is what they're after. so don't be fooled. these guys are not messing around, they're playing for keeps, and they're playing to dominate our politics for the next century without interruption. larry: i mean, just -- you wrote an essay a couple of years ago which i found, and that's why i called you and asked you if you'd come on the show. one of your key points, and you're the constitutional scholar, not me, but i think you were saying the filibuster 's important because it does protect the rights of the minority. and that's a very important principle which, if these democrats had any brains in their head, they would understand that it would protect them at a some point just as it might protect republicans. it's actually not even a partisan point of view. >> that's right. it isn't a partisan point of view. traditionally, it hasn't been. it scares me that a it is now
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because there was always this understanding that it would be bad for the senate, bad for the institution, bad for the minority if party. but one of the reasons why i insist that when they talk about these things, what they're really saying is we have every hope and expectations we won't need to worry about being in the minority again. we're going to change the laws so that the laws help us maintain a solid grip on the american political order. and so that's really what they're after a here, and that's what that means. now, thank heavens we have two democrats in joe manchin and kyrsten sinema who have kept at at bay for the first two years of this administration while the democrats helped majorities many in both the house and the senate, they keeped help the nuke the filibuster cause at bay, but those two senators are retiring. and if they have the chance, they will do it in the next congress. we can't let that happen. it's yet another reason for people to vote republican. hr. lahr senator mike lee, we appreciate your time very much. thanks so much. >> thank you, larry.
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good to be with you. larry: all right, folks, coming up here on "kudlow," why can't democrats stop lying about the success of the trump tax cuts and also with these good economists, steve moore, mike flag conder, i want to the ask them why aren't they defending the longshoremen and blaming biden-flation, you know in they sound like a lot of old fogies from the chamber of commerce x. and, by the by,, be sure to tune in for my interview tomorrow, 4 p.m. eastern, right here on fabulous fox business. ♪
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larry: among its mevilles, the biden-harris border policy has sent housing costs out of control. absolutely soaring. our own edward lawrence live at the white house all over it. edward, good evening. >> reporter: good evening, larry. you know vice presidential hopeful j.d. vance says former president trump has a plan to go after the root causes of this. now, from the federal reserve to the congressional budge office, the the research is showing that the 8.5 million people who illegally crossed the southern border under the biden-harris administration if affected housing. now, j.d. vance highlighted this issue in the debate. listen. >> 5 the million if ill -- that
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25 the million illegal aliens competing with americans for scarce homes is one of the most significant drivers of home prices in the country. it's why we have massive increases in home prices that have happened right alongside massive increases in illegal alien populations under kamala harris' leadership. >> reporter: now, governor tim walz and the debate moderators both tried to push back. the fact is federal reserve board member michelle bowman outlined last june what she's seeing. listen to this. >> so given the currently low inventory of affordable housing in the united states, the inflow of new immigrants to some geographic areas could result in upward pressure on rents as additional housing supply may take time to material the eyes. >> reporter: so under president joe biden and vice president kamala harris -- vice president kamala harris, the price of shelter up about 23% but in alternative certain cities the ability to get affordable housing has dried up over the past three and a half
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years. a direct connection between the migrants and housing prices, the fed chairman says the migrants will also keep pushing up the unemployment rate because more people looking for fewer and fewer jobs. now, in addition, the congressional budget office a says they're seeing this surge of migrants increases or puts pressure on inflation, particularly the core inflation, that sticky inflation. larry? larry: wait a second, the congressional budget office sait the labor, illegal migrants would in-- wait, would lower wages, would lower wages. >> reporter: right. they would add, the report said they would add to revenue because they would be working, but by spending, they would also add and put upward pressure on inflation. that's what that report was showing. larry: oh. well, they're wrong about that. that part, they're completely wrong. anyway, they're always wrong. it's just easy. the mickey bowman if stuff is
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great, and i want to get our producers to get your numbers, i want to the use them be mr. trump tomorrow on the housing crisis. edward lawrence, always a font of knowledge, that's why we love him. joining me now, steve moore, co-author of "the trump economic miracle," michael faulkender, former assistant treasury secretary and chief economist at afpi, america first policy institute. i want to hold a trump tape for a sec. i'm going to go after my dear friend steve moore reading unleashed prosperity this morning. i don't know if you heard my opening riff, but you shouldn't blame the long heremen, you shouldn't -- longshoremen, you shouldn't blame the dock workers. you should blame biden and kamala because prices have gone up 20% in the last three and a half, four years. wages have gone up only about 15 or 16%.
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the value of the contract that they wrote a few years ago has completely nose dived. this is what jack kemp taught us over 40 years ago, stop blaming the unions when it's the government and the goofballs running the government who are causing the inflation by printing too much money and spending too much money. are you ready to make -- are you going to be ask forgiveness? [laughter] because the longshoremen, all they want to do is come out ahead e in the next six years, steve moore. and faulkender, i may come after you too. i'm not sure what a your position is. [laughter] >> well, larry, i think you got about 80% right. you and i don't disagree at all. fundamentally, you are absolutely right. labor unrest, strikes, you know, more and more workers falling, you know, beneath the curve of terms of inflation, that happens when you have these bouts of inflation. you remember, larry, i remember what happened in the 19700s when you had all sorts of
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strikes because unions were so upset about 9, 10, 11% unemployment. even if they got an 8% increase in their salaries, they were falling behind. so i agree with you, the root cause of this is that joe biden took an inflation rate from 1.5 to 9%. now, here's where i probably disagree a little bit. i was talking to our good friend arthur laffer today. he reminded me that while ronald reagan was president, he did fire the air traffic controllers. and, by the way, what was against his own political interests because the association had actually endorsed reagan. but he did it for the good of the country. and there is the taft-hartley which says if you an essential worker to the commerce if of the country, you have to be on the job. and i think my own opinion, i'd like to see -- larry: it's the wrong, it's the wrong example. it's completely different -- [laughter] >> okay. all i'm saying, they can't shut down the whole economy, larry. [laughter] oh, stop.
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stop, stop, stop, they're not going to shut down the whole economy. it may go a bunch of days, and eventually taft-hartley will tick in. george w. bush gave it 11 days. ronald reagan -- that's a great conservative icon, and i agree, all right? i was in the government. i was was defending it on television -- >> i know you were. larry: march okay. point i'm making is they were public service, public union, public unions had no right to strike. that was the principle that reagan objected to -- >> that is true. larry: it had nothing to do with what arthur and you are cooking up. nothing to do at all. [laughter] by the way, in those days inflation was coming down. so you're wrong on both counts. flag ender -- faulkender, if you say one bad word, i'm going to jump on you too. [laughter] what they want a $5 an hour increase per year over six years. this is not unusual.
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this is not unusual. biden said take $4 an hour, but he hasn't gotten deeply involved yet. but the the thing is, and this is courtesy of john carney of the business digest at breitbart, the top wage gain was scheduled, scheduled to be $39 when the contract ran out. it is now worth $30.70. do you know what a hit that is? multiply it out, okay? and then when you're it should multiplying that out and give steve moore a calculator because he doesn't understand what i'm saying here, multiply that throughout the entire country that has suffered from biden-flation in an affordability crisis where wages have fallen way behind prices x. even when the inflation rate finally coming back down to 2.5-3%, those prices haven't come down, and those wages haven't gone up. okay in they're just starting to
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go up a little bit, but what's your take on it? i want to defend the long -- i know the president of the longshoremens' union is a bit eccentric are. he does drive a bently. now, that might be kind of cool, but he probably shouldn't -- that's personal choice. i'm not going to be judgmental. what's your take on the fundamental point that we should be blaming bide. goings or big government -- bidenomics or big government or money printing and that steve moore and "unleashed prosperity" got this completely wrong? >> larry, because these are 6-year contracts, you've got to take the worst case scenario where inflation may go. larry: right. >> and because there is the prospect, if you look at the betting markets that kamala harris could be elected president and they would yet again unleash 99% annualized inflation, if you're going to sign a 6-year contract, you're going to hedge against that by putting in a locked-in wage increase because you're correct, they're about 20% behind in
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terms of purchasing power because if they had locked in their contracts when that inflation started taking off a, they were not getting raises commence if rate with those increases -- commence if rate with those the increases in cost. so they not only have to make up for the lost ground they're already got, but they've got to worry about what kind of inflation would be unleashed by additional massive spending coming out of the regulatory environment. larry: yep. blame the government, blame bidenomics, blame the federal reserve, don't blame the workers. you teach school at the university of maryland. steve mere wouldn't pass your -- steve moore wouldn't pass your course, okay? [laughter] it's amazing -- >> so -- larry: eye -- i gotta go -- >> what about automation? larry: oh, stop it. >> come on, in automation? larry: they always say that. it's a bargaining chip. by the way, i'm all for automation, yes, sir, and it'll come over time. what they're looking for there is severance pay. you -- i'm not in a forgiving mooted, and and faulkender would
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give you a failing grade at the university of maryland. all right. of nice to see you, fellas. [laughter] steve moore and michael faulkender. coming up, strikes, hurricanes and wars, but biden-harris are nowhere to be found. how about that? texas congress juan wesley hunt. and we've got newt gingrich later on. they will both weigh in, not exactly on all those topics, but whatever. once in a while i read the prompter. anyway, i'm kudlow. we'll be right back. your best defense against erosion and cavities is strong enamel. nothing beats it. i recommend pronamel active shield because it actively shields the enamel to defend against erosion and cavities. i think that this product is a gamechanger for my patients. try pronamel mouthwash.
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>> instead of spending money on people that are ruining our country, i delivered you the largest tax cuts in american history and will do do it glen. we're going to to get them lower, but we're going to do something else, no tax on tips. [cheers and applause] no tax on overtime. [cheers and applause] and no tax on social security
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for our great seniors. [cheers and applause] and i'm asking every citizen all across our land to join me in launching a new golden age for america. larry: all right. new golden age for america, love that. joining us now, texas congressman wesley hunt. wesley hunt, thank you for returning to the show. what'd you think of that little clip? he's up up in saginaw, michigan. i know you've been traveling with him in some of these places. a new golden age in america. cutting taxes, cutting spending, deregulation, open up the ifs sill fuel spigots, that's all in that speech. it's pro-growth, it's anti-inflationary. i mean, what do you think about it? people say, oh, it's just campaign promises. do you think he'll actually do it? >> of course he's actually going to do it. and i've got to the say something, donald trump is the james brown of politics. [laughter] he is the hardest working man in show business. i was with him all day yesterday, he did a swing through texas, he did four
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speeches in one day, and he is fighting every day for everyday americans. no tax on tips, no tax on social security, allowing everyday americans the keep more money in their pockets so they can make better decisions. especially in this era of such high inflation, this is exactly what america needs. we have to rejump-start our economy by allowing every single citizen to make their own decisions. let me tell you something, the world is on fire. kamala harris and joe biden are nowhere to be the found. the border is on fire, inflation is on fire. israel's being attacked. you can't imagine a world right now that we can't have four more years of kamala harris and joe biden. and what president trump is laying out especially from an economic standpoint benefits america. if you want to the talk about being america first, if you want to talk about putting the priorities of the taxpayer first above any other country, this is the plan to do it, and president trump is absolutely going to execute on everything he is promising right now. larry: you know, congressman
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hunt, we had an iranian expert, middle east expert and all around smart fellow brian hook, i don't know if you're acquainted with him, he was in the trump administration, national security area. iranian expert, okay? and i asked him why not let israel take out iranian oil fields or why not let israel take out iranian nuclear installations? they've taken out hezbollah, essentially. they've taken out hamas. they've done for us what we can't do the for ourselves in the current administration. joe biden's till calling -- whining for a ceasefire which is absurd. so i'll ask that question to you with. congressman, why not just let israel be israel, let the idf be the the idf? they're winning, they'll keep on winning. why not let them take out some
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oil fields? why not take out the nuclear installations in. >> i want the say this first, larry. when president trump was the president, this wasn't happening. in fact, iran was broke. and after giving them piles of cash, they are now on track to have a nuclear weapon. we saw what just happened with riles a couple of days ago with -- with israel a couple of days ago. that's a black eye for the iranians, and right now i the israelis should absolutely pounce on the opportunity to to counterstrike and to do whatever it takes to take out their financial ways that they are attacking israel. absolutely, they should go after their oil fields. they must take out their nuclear weapons. and the reason why i say this, because iran has promised to use these nuclear weapons once they are developed against israel and her allies, and that also includes us for those who are not watching. so this is an opportunity for the israelis the strike and strike now and to end this war. and what i love most about what president trump told me yesterday on the plane is that he wants people to stop dying.
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and if we could end all these wars and get back the the where we have a strong america where we are leading from the front and not relying on other countries like russia, like china to run the world, the world's going to be safer, america's going to be safer, israel's going to be safer, our allies are going to be safer. but we have to cut israel loose. we have to give them the opportunity to defend themselves and end this war so people can stop dying. larry: you know, gerry baker, former editor of "the wall street journal," wrote a great column about it. i did my opening riff about his column the other night. you know, at some point, at some point the rest of the world, certainly the free world, will thank israel. israel is doing for us what, i don't know, what we wouldn't let them do for ourselves. we will thank israel for helping us. i mean, they're the most heroic country right now. i mean, trump is right about stopping the body counts and so forth. you know, iran -- listen to
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this, wesley. you may know this. iran is now producing four million barrels a day, okay in and they're selling it to the china mostly. others, but mostly china. and they're close to $100 billion in foreign exchange reserves because of these oil sales. when trump left office, when trump left office, their production of oil was down to, i don't know, 5-600,000 per day. nobody was buying, because we had sanctions enforced, okay in now they're 4 million barrels a day, and china and others are buying it. and so iran is rich. that's why they pose a threat. and that's why i think, i don't know, joe biden says to israel don't do it, i wouldn't say any such thing to israel. sounds like you agree with that point. >> i absolutely agree with it, and i'm sitting here in houston, texas, the energy capital of the world. and the oil that iran doesn't produce, i can assure you, we
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can produce it right here in this country. we can supply the world with safe, clean and affordable energy. so in my opinion, let's take out iran. i'm not concerned with what they can produce. this country, if we unleash american energy, can definitely pick up that slack. i like that strategy a lot. larry: wesley, i've got 30 seconds. there's never enough time. you know i love talking to you. [laughter] >> love to you back. larry: it's surfacing, i just heard this, fema, it turns -- mayorkas now says fema doesn't have enough money the help these poor people from hurricane helene down in the carolinas, in georgia and virginia and tennessee and so forth? doesn't have enough money? there's people that are dying. they're getting strangled down there. where'd all that money go? we've appropriated hundreds of billions of dollars over the years. where'd that money go? >> i find it very interesting that we can send the ukraine over $240 billion, but we don't have enough money here to save our own americans.
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and for the record, joe biden talks on the phone for two hours yesterday. where is he during this disaster? where is kamala harris during this disaster? they are nowhere to be found. and i can't agree more with you. if we can appropriate all these funds for all these other countries and projects, what happened to putting the average american first, especially under duress? larry: yes, sir. yes, sir. wish i could talk longer. we'll get there together down there -- the two of us will carve out a spot in the swamp, and we'll have supper together one of these nights. >> come on down. we'll fix all the world's problems. [laughter] larry: i'm afraid to. congressman hunt, thank you very much. all right, switching gears and guests, how good a night was it for j.d. vance tuesday night in the debate? let's ask newt gingrich, former speaker of the house, fox news contributor. newt, i thought he had a pretty good night, and i think he may have surprised a lot of people. >> well, i think he surprised them both with his knowledge, but also with his personality.
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i think he came across as more likable, more friendly, more of an everyday person than his critics expected. and i think that walds, governor walz had the -- walz, governor walz had the opposite problem. he doesn't know anything, he's not a particularly good debater, he was nervous, and even with some help from the cbs team -- not as much, frankly, as the abc team helped kamala, but they did try to help walz a little bit. in the end, for me the benchmark was frank luntz who did a focus group of 12 undecided voters after the debate. they said by 10-2 that j.d. vance had won. is and of the 10 who said he won, 7 said they are now voting for trump. so that's a substantial breakthrough. and the bigger thing is j.d. vance is now going to be a much bigger player, he's going to get
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a much bigger reception, a lot more media. and i think you're seeing -- i just did a newsletter at gingrich 306 entitled -- 360 entitled a star is born, and i think that's part of what you saw. larry: you know, you're suggesting -- or frank luntz -- that he moved the needle. mostly vice presidential debates are one-day affair and are ignored. this may be very different this year. so you're thinking or frank luntz or somebody's thinking he may have moved the needle toward the trump team. >> yeah. i think he did what the trump campaign really needs to relax are and focus on. he calmly and methodically laid out the differences. he had one little device that i loved in that he kept talking about the harris administration. not the biden-harris administration. and at one point he actually had walz talking about the harris administration -- [laughter] which i think's very helpful --
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larry: that that's great. >> because, you know, between the terrible things happening in the mountains, and my good friend bill por g for country who lives thereupon, says the churches are really the center right now of recovery. the federal government's not very visible, not very effective and that is of great disappointment. but the local volunteers are coming through in a huge kind of way. so they're got that to deal with, they have the longshoremen's strike to deal with, the middle east to deal with, they've got ukraine to deal with. i think that harris is not capable of dealing with four different major problems simultaneously. and we're going to see that more and more in the next few days. larry: just on this other point, you mentioned it, the hurricane in the mountains as you you put it, it's still -- i mean, the hurricane's passed, but the consequences are still raging. power's till cut off, supplies are very, very short everywhere.
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youn't can't traverse any place. and now we're learning that fema doesn't have enough money to help. i mean, i don't understand that. >> oh, yeah. larry: fema has been given hundreds of billions of dollars down through the years. >> the incompetence of this administration and the fact that they're willing to spend billions on ukraine, hundreds of millions on illegal immigrants and kamala harris says, well, we'll send a $750 check to the people in the mountains, this is crazy. there are two things you need in a crisis of this scale, you need speed and you need mass. we have 5500 military helicopters. a huge part of them ought to be in the mountains right now delivering medicine, delivering food, delivering water because the mountains have lots of roads that are out, lots of towns that are isolate. the -- isolated. the pathetic sending 1,000
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troops finally almost six days after the hurricane? it is literally humiliating and cost lives -- larry: right. >> -- to have an administration this inwe tent. larry: you're right. newt, i'm sorry, i've got to get out, but i this you're right. it's unbelievable, the ineptness. newt beginning are rich, everybody. we appreciate it. all right, folks, we're going to talk to tammy bruce and monica crowley for a few moments when "kudlow" returns. ♪ 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, at harbor freight. ♪ this is our future, ma. godaddy airo.
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march joining me now, monica crowley are, former assistant treasury secretary and host of the the monica crowley podcast along with tammy bruce, fox news contributor and or author of "fear itself." it's going to be short, ladies, i'm sorry about that. monica, go to you first. you know, trump appointed j.d. vance. people in mainstream media trying to say, well, j.d. vance was better than trump. it was trump who had the good sense and judgment to to put j.d. vance in there, and now he has been a great success, mr. vance. >> yes, that is a exactly right. j.d. vance was an inspired choice by president trump. he's young, he's america first, a child of the midwest. he's a true champion for the forgotten men and women in this country because he was one. not so long ago. and it is the an excellent
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reflection of president trump's judgment -- larry: yeah. >> you know, president nixon used to say it takes a very secure leader to choose someone strong to go with along this path with you, a strong vice president, and donald trump is exactly that. larry: how about kamala's judgment, pinting governor walz? >> see, i mean, that's it. larry: what do you think about that one? >> i think that's what beam -- people look at. we know the vice president does matter. there should also be teamwork. as j.d. vance speaks to trump's judgment, walz speaks to kamala's judgment. she has a history, and it's now famous, "the new york times" covered it, for a problem with staff. and it's not just her own behavior as we've also seen, but it's the nature of who she chooses and how she treats people. so she gets that guy, but neither one of them deserve to be near the white house. it's obvious. larry: plus, he does word salads, so he has something in common with her. we just have a few seconds. move the needle treat? i think it duds. i think it reassures --
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larry: move the needle treat? yes. reassures judgment and the stability of the ticket. larry: monica crowley and tammy bruce, thanks to both of you. i'm sorry we were short. if you have this... and you get this... you could end up with this... unexpected out-of-pocket costs. which for those on medicare, or soon to be, is a good reason to take charge of your health care. so consider this. an aarp medicare supplement insurance plan from unitedhealthcare. why? because medicare alone doesn't pay for everything.
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larry: just one last time tonight, stop blaming the unions for kamala-inflation, okay? or the federal reserve money printing or the overspending -- they did it, and they're losing wages down, down, because prices are up, up. stop blaming the unions. they didn't run the government. and never, ever blame liz

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