question about fixed income and having yields lower soon enough for many investors. but the biggest thing i'm watching is also the commodity moves and how that has impacted everything m markets more -- em markets more recently. i think the big narrative to to watch is inflation and could it uptick again. liz: well, that is the big questionsidering we got a much stronger than expected september jobs report. lifting the markets and bond yields on this friday. thanks, katie. well, here we go, a lot of green on the screen today. that's going to do it for "the claman countdown." stay tuned, larry kudlow with former president trump now. ♪ ♪ larry: hello, folks. welcome to "kudlow," i'm larry kudlow. we spent an hour with former president donald trump at mar-a-lago earlier today. he was in very good spirits. right after our interview, he was off of to georgia to again

help raise private assistance in the aftermath of the destruction and loss of life from hurricane helene. governor brian kemp of georgia was going to be with mr. trump in augusta, and tomorrow he is returning to butler, pennsylvania, at the scene of the attempted assassination back on july 13th. he and i had a very good, long sit-down this morning, and we're going to play all of it for you. the first segment coming right up was about the jobs report, tariffs and, of course, drill, baby, drill. let's get right to the it and take a listen, please. roll tape. mr. president, welcome back to the "kudlow" show, we appreciate it very much, sir. >> thank you very much, larry. larry: i want to begin, today's jobs numbers came out, and the top line was a very solid jobs report, americans are working. but, you know, you look under

the hood, it's the same stuff. i just want to read a couple things. full-time jobs down almost 500,000. part-time jobs up 800,000. manufacturing jobs down again. 825,000 native born jobs lost, 1.the million -- 1.2 million foreign born jobs gained. these are uncomfortable statistics. there's something wrong, there's something unbalanced about all these numbers, where the country's going. >> well, especially so since, as you see and i guess you probably read one of the numbers where the illegal migrants that are coming into the country are getting the jobs. they're getting most of the jobs. and the citizens aren't getting the jobs. and the other thing that you don't know what to believe anymore because 818,000 two months ago was a fraud. they put in 818,000 extra jobs. and it got wiped out.

they said they made a mistake. that was done on purpose. and it was supposed to come out, the wipeout was supposed to be after the election, but you had a whistleblower that came out and announced that they defrauded the country. so you say, like, how does that happen? i've never heard of -- i've heard of they're off by 10,000, 15,000. they were off by 818,000 jobs. so when is that going to come out? larry: yeah. well, it's probably going to be revised down. it's hard to know, we've never seen anything like it, as you point out -- >> no, you've never seen numbers like this. larry: and, again, manufacturing jobs continue to decline, and the ism purchasing managers continues to decline. we haven't had any manufacturing jobs in two years. we're in a manufacturing slump, probably a manufacturing recession. is this attributable, do you think, to biden-harris policies? >> yes. it's attributable to the fact that other countries are ripping us off including mexico, and

there are a lot of them -- china always, but mexico's really doing a big number on us. we have companies moving down to mexico, they're making product, they're selling it and nobody's talking to them, nobody's speaking about it, nobody's putting tariffs on 'em. if you put tariffs on those companies, you wouldn't have them leaving our country. they're leaving us, going to the mexico, right across the border, building a plant and selling things back into our country. you can't let them do that, that's what tariffs are for. you put tariffs on, they won't be doing that. and it's not complicated, it's the really simple. larry: so your plan -- we're going to get to the tax hikes for kamala harris, but your plan, you will offer 20 the -- i'm sorry, 15%, 221 -- 21 to 15 tax rate and make us among the lowest, probably the lowest or maybe the second lowest around

the entire world. that's how competitive we'd be. but you've got to produce it here. you've got to to produce it here. now, i think that would go a long way towards solving some of these various problems about foreign-born versus native-born, manufacturing jobs and things of that sort. tell me more about that vision. tell me more what goes along with that. >> so, first of all, i brought it from 39 down to 21, okay? in it was 39, which was way too high and in the exit thetive, and we were doing very -- competitive, we were doing very badly. and at 21 we did much more business the following year than we did at 39. in other words, we took in more revenue with 21 than we did because it was, like, that was after the tax cuts. they call them the trump tax cuts which were phenomenal, and everybody, just about a everybody admits that. now i'm going to take it from 21 to 15, but you have to the make your product here. and i'm going to guard them because part of it, as per your first question, we have the guard our companies -- to guard our companies.

now they're going to have low taxes, low environmental costs, low taxes because we're going to get the energy way down, drill, baby, drill. we're going to have low energy, low environmental costs because we're going to move -- look, people are tied up for years on environmental. i'm going to do an expedited environmental review. larry: permitting, quick permitting. >> permitting. larry: you had it once in the first term, and then they undid it. >> i was approving plants at levels that nobody's ever seen. we're talking about plants that normally wouldn't get done. but if you do your product here, you go from the 21 to the that 15. 15 makes us the most competitive. there are some countries, but not like this. there are a few countries that are slightly less. but 15 makes us so competitive, everyone's going to the come rushing into our country. but we're going to protect them once they're here with tariffs. so that if somebody wants to make their product outside of to our country and sell it in, they have to to pay a tariff of to, you know, a substantial tariff depending on -- all different

because it depends on the country, where they are, how they're doing. and, like, we have a case of india which charges us massive, massive tariffs. you look at harley davidson and companies that went to india because they couldn't -- they didn't want to pay 150, 2000 percent. brazil d200%. brazil charges us a lot are. china always, always china. and, you know, i took in hundreds of billions of dollars from china. no president ever took in -- not even, and i mean it, ten cents, we never took in any money p i never took -- i took in hundreds of billions of dollars, and now china's totally out of control. we have a deficit with china, i've never if seen anything like it, what they're doing with china. but we have a deficit with the country. we'll knock that down. when you start charging people tariff, our country was the richest when we were doing tariffs. that was the richest. this was in the 1880s and '90s. we were proportionately, we

were, you know, if you go back to the dates and you look, our country was so rich, we didn't know what to do with all the money we had. they had committees, the great tariff committee of 1887. this was a committee that was set up to, like, where do you -- what can do you do with all the money? larry: william mckinley, he was the chairman of the house ways and means committee. >> yeah. larry: the mckinley tariff of 1890. i read the whole biography, 600 pages. >> he made money, and roosevelt spent it. roosevelt gets credit for being a great president. mckinley was a great president. he was assassinated. you know why? if because he was charging all these countries money, probably, who the hell knows? but we were so itch are. we had so much money -- so rich. they had committees set up on what to do with all the money. wouldn't that be nice? now we give it away, we don't have it. larry: if you make money on these tariffs, would you then allocate it to lower taxes? >> lower taxes and paying off

debt. larry: and how about this -- >> and you will pay off a lot of debt. larry: let's come back to the 15% corporate rate which would be phenomenal -- i mean, win the global race for capital. you'd win the global race, money would come pouring in. >> yeah. larry: but you mentioned, john deere company, it's a venerable, old great american company. >> yeah. larry: but if they're going to move want plants to mexico -- move plants to mexico and try to sell stuff back to the u.s., sneak in under, for example, the usmca tariff schedule, you would charge them a 2000 -- 200 tear rift. >> or 100%. i would charge them enough that it would no longer make sense to go to mexico. they moved a big operation to mexico, and they come in, and they don't have to pay -- pay very little tax. they're going to make it in mexico, sell it in here, and we get killed. all we do is lose jobs. and, by the way, that's been happening for years.

i stopped it during mine, but we had the greatest economy in history. companies were moving back in like nobody's ever seen -- larry: is that's how you, that's how you negotiate though. >> yeah. larry: that's the point i'm sort of driving at. >> john deere -- [inaudible] larry: john deere won't do it because you're threatening, i mean, you will jack up their tariffs, okay? they won't do it. >> it wouldn't be a threat. it'd be a fact. larry: you're negotiating right now. by saying this on the campaign trail, all right, you have an excellent chance of becoming president, they're getting the message. so this is where, you will use tariffs to negotiate sometimes on trade, in this case, maybe on other things like remain in mexico or perhaps china or perhaps other countries. i don't think people understand that. that's why i'm raising the question. >> a tariff is a beautiful thing, but it's got a bad image. it needs you to fix the image. a tariff, we stop wars with

tariffs. i mean, i had cases where with i told a country, they were being very aggressive with another country, had nothing to do with us, i just don't like seeing dead people, okay in and they were going to go to war, and i said if you go to war -- and they do a lot of business with the united states -- i'm putting a 1000% tariff on any business you do with us. no, no, no, this has nothing to do -- i stopped a war. will i get nobel prizes? never. i mean, look what we did with the abraham accords, how good that was. but you can stop wars with tariffs. the word tariff, if properly used, not stupidly used, but we used them, and that was when our country was the richest. and a lot of people say, well, you had the depression in -- the the tariffs were put on in 1932. the depression had long started. we went to the income tax system. we would be able to cut taxes for the people in this country is and charge other countries for the use of our country, for

the pillage of our country, for the taking of our jobs because that's what they're doing. and nobody's protecting our country. so when i say the 15% -- and i have a lot of calls, when i gave the speech and mentioned for the first time the 15, i had calls from the top analysts in the country and the world, guys that are on your show saying where did you ever come up with that idea? because the concept is 15, but you have to make your product here. who gave you that ideas? -- idea? i said, i did. i gave me thatted idea. they said that idea's incredible. but you also have to protect that because you have other countries because they have no labor, no this, no that that can come in and undercut you. and you know what they do, larry, they undercut you, they drive your businesses out of business and then they come in for a much higher number. larry: and you're still for the concept of reciprocity. >> if somebody's charging us 100, we charge them 1000. if china charges us 100% on a car, we charge them 100, it's

very similar. i have a certain senator named lindsay lindsey graham, and he's not into this as much as he is other things. and he's a nice guy, good guy. he loves the country even though he's a progressive, that's okay. these are minor details. [laughter] but i said, so, lindsey, let's talk reciprocity. talks about trade. he says i'm not so much into trade, tell me. i said, a country is charging us 100% tariffs, we're going to charge them for a similar product a 100% tariff. he goes, ah. so they charge us, we charge them? you got my vote. you know? it's just simple. but we have guys even in congress that for whatever reason or, or they don't want to do it. they actually say it's not fair trade. and i say, you're right, it's not fair trade. not fair trade for us. if we do this, we could become overnight a power again economically. we'll never be a power unless we do it. unless we charge and unless we -- because, you know, we've

been giving foreign countries such benefits over the years. south korea, we're basically paying for their military. you know, i had them paying billions of dollars. i went to them and i said, you're not paying anything. you've got to pay. and i had them paying billions of dollars. and i hear biden gave it up for whatever reason. but look at the advantage they have when you do that. we have been helping countries, we're still helping countries come back from the second world war. we help korea come back9 from the korean war. but we never did anything about it. in other words, we've been helping them for many, many decades. it's time we stop. they're very -- they're a money machine. it's time we stop. and be fair, but it's the time we stop. we are helping countries -- larry: you would work a deal out. you would work a deal. >> i already did, i worked a deal -- larry: you worked a deal out with a japan also.

>> biden gave it away. larry: yes. >> they agreed to pay me billions of dollars. it was the all done. they started paying. but when he came in, they cut it, and i hear they're paying nothing again. they were -- were they happy? were they thrilled? would they say they like me as opposed to, like, a biden where they can get ripped off? you know, i can't imagine they'd say -- larry: till an ally of the united states. >> sure it's an ally, but, you know, on trade it's not an ally. in trade it's an enemy. it's an enemy. you know, some of the worst people we have in terms of trade are our allies. japan is, you know, an ally, right? and i made a deal there with abe who was a great man who got executed. i mean, just horrible, what happened. he was assassinated. but he was great. he was a great leader too. and because i liked him so much, i probably made a softer deal than i would have normally made. but japan, you know, rips us -- they all a rip -- almost every country rips us. and i stopped it.

if now, china's one but, you know -- larry: [inaudible] >> no. you have to protect. you have to protect it,you protect them with tariffs. and they either pay the tariff or they move a plant to -- i want can china to build plants, for car plants as an example, i want china to build car plants here, not in mexico. and it's very simple. i mean, it's amazing that it's the not done -- that it's not done. and people come to me and they a say, wow, that makes sense. but you have congressmen and people that are against it. i said to one man, he's no longer in politics, he happened to be from pennsylvania. happened to be a senator from pennsylvania. i said, so let me get this straight. if china's charging us 1000% tariff -- so -- 100% tariff for a similar product, could i charge them 75? no. why? it's not free trade. i said, okay, could i charge them 50%?

no, it's not -- could i charge them 25 the or even 10%? if no. i said, are you a stupid person or what's wrong with you? [laughter] and he never ran for office again. larry: it becomes free trade. >> let me tell you, he never ran for office again. larry: i think theoretically with reciprocity in trade negotiations -- >> everybody gives up. you go back to nothing, okay? larry: i know people -- >> this is a guy that people said was smart. he never ran for office because i wouldn't give him an endorsement because i said anybody that says that -- so think of it. we're paying them 100%, we make them pay 100%. two things, one of two things are going to the happen. we'll either collect the money, or they're going to say let's not pay the -- let's just go back to basics, right? and then there are a lot of cases where they're charging us a tremendous amount, we charge them nothing. they're making a forfortune. and, by the way, hence, we have a $35 trillion -- we can start cutting into that.

we can have, we have a tremendous deficit in this country, we've had it for many, many, for decades, right? but we have a tremendous deficit in this country. we can go to almost no deficit almost immediately. larry: let's talk -- >> larry, one thing. it's, we've treated the world nice for a long time. we've been run by stupid people that allowed us to get into this situation. and it's about time these other countries play a little ball with us. and and all i want is fairness. and if they're fair, we have something that you've never seen in this country til, i mean, literally the 1880s, the 1890 tos. but that was the time, you know, you hear about a wealth, but we would give a lot of it away for a long time. that was the time we were the richest. we were so rich are. rich. and it was all based on tariff. there was no income tax. it was all based on countries --

and if you look at some of mckinley's words, he was very beautiful in words, we will not allow the pillage of our country. and if they're going to take our jobs and if they're going to do this and that, they've got to pay for it. and all i'm saying is that they've got to pay for it. ♪ ♪ larry: all right. coming up, we're going to see some more of my interview with president trump. we'll be talking about trump tax cuts, the golden age of american industrialism, kamala's tax hikes and the potential depression. and, oh, oh, yeah, i don't want to forget this, king dollar also. stay with us, please. ♪ ♪

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larry: in my conversation with president trump, we also talked about tax cuts and the golden age of american industrialism, and then we got to kamala's tax hikes and and a potential depression. finish and, oh, by the way, we did hit on king dollar. please take a listen. you've talked about a golden ag- >> i have. larry: you've talked about new industrialism. basing it around your lower taxes and deregulation and, of course, liquid gold in drill, baby, drill.

so there you have it. now, a new ad up, cam a rah harris is saying -- kamala harris is saying taxes are going to have to go up, she's just saying that in the ad. calculations are almost $3,000 per family based on her tax branch she would -- plan. she would do things that would drive investment away from this country, destroy businesses, damage households. some people say it would cause, even lead to the a depression. i mean, a difference. you're the tax cutter, you're trying for a new golden age in this country. she's a tax hiker in order to pay, she wants another $2 trillion in entitlements and spending. she said that in one of her economic speeches when she declared her candidacy. there's a big difference between the two of you. >> she wants to tax people but also businesses into other countries. you know better than anybody, probably better than anybody on the planet because you know

every head of every company. you have interviews with them every once in a while, right? these are people that are probably more loyal to their company and their shareholders than they are to the a country. and what happens is when you charge too much, what's going to the happen or, they're going to leave other countries and come back to us at the 15%. they're going to make the product here. but what happens is they're loyal to the company, and the stock price. and when europe and other places, look what happened with ireland and the pharmaceutical industry. i mean, they just soil it when we were -- so many of these companies are located in ireland, and it was all based on tax policy. and if you follow kamala, kamala, if you follow her, she doesn't know anything about it. look, this woman ruined, destroyed maybe the best city in the country, san francisco. now, it wasn't over tax, it was defund the police and all sorts of other things, right? it was if you rob a store, you can go up to $950 and after that

we'll start getting angry at you. that was not a good policy either. larry: on a daily basis. >> she would be a disaster. just is you un, if you follow her policy, you will end up in a 1929-style depression, 100% certain. and companies and jobs will flee. everything's going the flee. you won't have a country left. and she's the only person i've ever seen that is campaigning on a massive tax hike. i've never seen that before. very interesting. larry: the tax foundation priced it out, she'd lose 800,000 jobs. but a lot of people have said her wealth taxes, again, this unrealized capital gains, maybe that doesn't apply the every american, i understand it. although if you own a farm or you own a ranch or you build a small business and they're going to the make you pay an arbitrary tax on your capital, have to raise money, sell, stocks will collapse. that's going to cause more

selling. >> compression. larry: that is a depression. >> people will leave the country. larry: steve forbes was on my show the other night. he's a common sense guy. he said it will lead to the a depression, so it's not nothing. >> people will leave the country. you know, they used to the leave the state -- larry: yes, right. >> now they leave the country. no, no, in the old days, they'd go to some other state. they wouldn't like new york, and they'd go someplace -- now they leave the country. it would be a disaster. larry: but you still want the dollar to be the world reserve -- >> has to be. has to be. that's the other thing, you lose the world currency. we will no longer have the currency. if we -- if that happens, we're no longer the world reserve currency. we're no not that incredible thing that we were. you know, it's rapidly going. because we lose russia, we lose this one, we lose that one, china would love to take over. the one that wants to take over is china with the yuan. you know that very well. if we lose that, we become

somewhat of a third world country. because we have no borders right now. we're going to have strong borders, hopefully, in a a few months. you need great borders, and you really need a free press. we don't have a free press. you're free, but not too many. the press is very dishonest. i get to e see it all the time, because i lu talk to them about something, give them the exact information they're looking for, and then they will purposefully write it wrong. the it's amay -- amazing. but you know that. larry: i understand. i've had that experience. ♪ ♪ larry: all right. next up, president trump and i talk about the awful story that that fema has handed out so much money to illegal immigrants that they're not going to have -- they won't have sufficient funds to meet any kind of near-term hurricane emergencies. it's really a bad story. but stay with us, much more to come. ♪ ♪

larry: all right, welcome back. president trump also a weighed in on this awful story that fema if has handed out so much money to illegal immigrants that they'll have insufficient funds to meet any kind of near-term hurricane emergencies. let's listen to this one. roll some tape. you've been visiting the hurricane victims and trying to the raise money privately. fema is now saying, alejandro mayorkas, they don't have enough money for additional hurricanes. that money's been given away to the illegal immigrants -- >> that's right. larry: almost one by one. i don't understand this. this is a perversion of policy. >> so you don't understand it because it's not understandable. in all fairness, it's not understandable. so we now have no money to -- it was supposed to be used for tragedy, for hurricanes. this was a tragic hurricane. this was maybe the worst

hurricane we've ever had, and he's got no money. and we say what happened to all the money? they were given billions for this. he spent it on illegal migrants coming into the country. a big percentage of which are murderers. i don't know if you saw 13,0099 murderers. many of them, i think 22322%, they said -- 22, killed more than one person. some killed more than five people. these people are now living happily in our country, okay? and only bad things are going to happen. terrorists. they have 645,000 very bad criminals coming in with all of the others, and then they have 23211 million people police -- 211 million people plus, and a lot of those aren't the greatest either. so we are poisoning our country. our country's being poisoned. our country's being ruined. it's being ruined by these people. and they took billions of dollars and used it for settlements of people that came in, many of which are criminals.

and the people of north carolina and south carolina and georgia and florida, virginia, tennessee, there's no money for them. but they're giving people -- how about when they let them come in and stay in hotels and our veterans are sleeping outside of the main door to the hotel? and they're watching migrants go into a hotel and veep in a -- sleep in a swiss, and they're sleeping on the walk, our veterans, our great veterans. let me tell you, if they were modestly good, i wouldn't have even run are. this is the worst administratio- larry: but they spent this emergency money on illegal -- >> yeah. they stole it. they stole it. larry: this is also a perversion of what the congressional authority was. they -- >> they're trying to get those people to vote, larry. just so you understand. they're trying to get them on the voter rolls. they want to put them on the social security rolls which will destroy social security. this is the worst president in history. this is the worst administration

in history. and she's worse than him. and, actually, it's going to be hard to say this because he's pretty bad, she's actually less bright than he is. she has no clue what the hell she's doing. that's why she never does an interview, she never does press conference, because she can't talk. i watched oprah where she was interviewing on oprah? she can't talk. she can't open -- she didn't -- how do you deal with president xi of china whoas ooh a fierce person? somebody said, what's he like? he's a fierce person. but putin and all these people. she dud oprah, if you watch this, it's, like, what are we dealing with? she won't do a news conference. look, biden is brighter than she is. we've got a problem. and then you look at the vice president, how about that? j.d. vance was great. larry: j.d. was terrific. >> top student at yale law school, graduated -- larry: he did you prod proud. you chose him, he did you proud.

>> and i knew what i was getting. i was getting, you know, a very smart guy. but how do you compare that with this guy who calls himself a knucklehead in he says he's a knucklehead. he actually says that -- larry: let me, i want -- >> can he be president someday? ♪ larry: all right. coming up, the president and i talk about the importance of elon musk helping to drain the swamp, reform education and how mr. trump's successful program will unify america. please, stick with "can kudlow.i ♪ ♪ whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice... i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about.

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larry: in the last part of our interview, the president and i talked about the importance of elon musk helping to drain the swamp in washington, reform education and how mr. trump's successful program will unify america. please, take a listen. i want to the talk about elon musk for a minute. >> great. larry: who's come out strongly for you. and this business, you talked about the new york economic club a couple weeks ago. so elon wants to help with an efficiency commission. we had one with like that in the reagan years many years ago. you could use that -- >> yeah. larry: i mean, to me, this would

be -- not only would you pare back unnecessary spending, but you'd have an opportunity, i think, sir, to go into these bureaucracies. i mean, you've not domestic bureaucracies, they have tenure, they don't use congress, they go off on their own. they're very liberal, they're very left. you've gottish issues in the fbi, in the cia, you've got issues in the secret service. i mean, to me, the elon musk commission could be a phenomenal weapon for better government and better growth. >> he'd be great. and, you know, he was telling me the other day i got a lot of thank yous from north carolina, from if georgia in particular from maybe north carolina, but they both have the problem, north carolina's a disaster, what's happened there. and you know the response has been the worst ever. it's been worse than katrina, that they say. that destroyed a certain person's reputation. i won't -- i'll be nice and not mention the name, but it destroyed their reputation. this is worse.

the response here is worse. and they have no money on top of everything else. but they came to me and they said do you know elon musk? id say -- i said, yes. they said we definitely, we -- is there anything you can do to help us with starlink in because they have no -- starlink, because they have no this north carolina, in georgia and in some others too, they have no communication whatsoever. all of the poles are downing all of the wires are down, they're all lying in the mud, right? and i say, well, what can i do? they said we need help. and i called elon. and and i'm telling you, it was amazing, the call wasn't even over, and starlink units were being delivered to north carolina and now to georgia. georgia called me a little bit later and i said, we'll get 'em. they were very happy. the governor of georgia's actually working very hard. they -- everybody was so happy. elon delivered so quickly.. i'm fell telling you, or i was getting calls thank you very much, the call's not even over

yet. and i said that's great, elon, thank you. it's a great thing, starlink. but interestingly, we're hooking up internet out of the country, and they're spending billions and billions of dollars, so far they haven't hooked up one home. he can do this with starlink -- [laughter] larry: $40 billion unspent in part because they didn't have the dei requirements. >> and you can do that through the satellites, and you don't have anything -- larry: and they insulted elon, and new they're going the need him the restore power. >> well, he was great. he came through. he does come through. he would be incredible on that commission -- larry: well, that's the thing. you not only cut spending, i think you can take a strong look at system of these agencies, and you know the ones i'm talking about. i mentioned them a moment ago, that may -- that really are not doing their job. they've become very political. >> the one thing we want to do is move if education back to the states.

we'll spend less than half. you have to see washington. it seems like every build's department of education. if you take a state, iowa or indiana or idaho, you know, states that really run well, you let them run their education -- so just quickly, so we're among the worst in the world in education. they rate 40. we're 40, 38, 39 always. we're in the worst. we're number one at one thing, cost per pupil. we spend so much more per pupil. so we know it's no good, it's the not working. if you gave this to good states, all states but good states, you'd end up having 35 states that would be -- number one is norway, denmark, sweden. by the way, china is always in the top five. that's pretty good with 1.4 billion people. but those four and a couple of others, they're always in the top five. if you sent this money to the states tar very well run, we

know the states, they have no debt, no problem, they don't even know what people are talking about, they have low taxes. 35 states, maybe even a little more than that, will be great. now, gavin newscum won't do a good job, california, others won't do a good job. florida would do a great job. you give it to ron. florida would do a good job. all of these states, they will be the equivalent of norway, denmark, sweden. now, then you're going to have some or that are going to be laggards and you'll help them out and do what have you have to do, but they'll be laggards. we will spend less than half the money, and we will have some unbelievable education -- larry: and you're strong for school choice. >> totally for school choice, gotta a have it. larry: just talked about it yesterday. >> yeah. it's never talked about, but school choice is very important. it'll happen. larry: so let me just -- you've been wonderful with your time, and i appreciate it. i personally appreciate it. >> i have to say to your audience, number one, he's

getting great ratings d. [laughter] and if he wasn't, id -- i'd still do the show, because i love him. he did an unbelievable job. and i refuse to ask you in front of your audience would you like to come back, because you know you'll be invited. >> thank you, sir. >> larry kudlow has done a great job, and i'm so proud that you have such a successful show. larry: it's been a great ride. >> i don't know if they know how successfuls, i have to tell them. larry: thank you, sir. very kind. >> good job. larry: success is the best revenge, success bring the country together. success will unite the country. >> that's right. larry: you talked a lot about it at the convention. >> i said it. larry: you still see it that way, you still believe that? >> when i was running things, we had the greatest economy in the history of our country. and i will tell you that our country was coming together. at the beginning, so vicious. but we had a time two and a half

years in, it was numbers that nobody's ever seen before. and people are calling me, they like to call themselves progressives or whatever, but people that were far left were calling me. they wanted to meet, they wanted to talk. success. everybody, men, women, people with the highest degree, people with no college degree, no high school degree, all different groups, young people, old people, there wasn't one group that wasn't doing the best ever in the history of our country. and our country was doing the best ever in the history of our country. we were taking in a lot of money from china, we were taking, you know, with the tariffs and things if taxes. but fairly. we were treating them fairly. my relationship -- [audio difficulty] be very good. i'm not sure they love me because of that, but we would have a very good relationship with china. a very good relationship. you know, larry, i had no wars. larry: that's right. >> now the whole world is blowing up. larry: that's right. >> and victor orr ban said you get trumping back, and he'll

straighten things out. they were all afraid of trump. i don't want to say that, i would say maybe they respected me, but he said not respect, they were afraid of him because they didn't know where he was coming from. now they're not afraid. they look at this group, these two people. let me tell you with, she will be a worse president than him. if she will be a disaster. this country will go down. we won't is have a country left. and i see the away they lie and the way they cheat and the way they've weaponized government. all they want to do, they will let somebody rob a concern rob a bank, you're fine. you can do anything you want to do on the street. but they go after their political opponents. they go after religious people, after catholics. i've never seen anything like it. they go after jewish people. they a hate israel. they hate jewish people. they hate jewish people. and how can you have this in our country in how can you have this as a your president? if so we will see what happens. we're leading, and they were doing very well. it was very unfair if because

they took somebody out who had 514 million votes -- 14 million votes, he had in votes. after the debate i had with biden, his numbers weren't very good, and they told him, you're getting out. he said, no, and they said, you're getting outment they were going to play the 25th amendment card x he agreed to get out. very unhappy. he's a very unhappy man right now. but it was a coup. but from my standpoint, i spent $200 million on fighting him, we took a 21-point lead, a very big lead, we were going to one most likely. all of a sudden i have to fight somebody else. and they said honeymoon period. now she's had the honeymoon period, and people have found out she's radical leftist, she's a marxist. a lot of people don't know what marxist is. you could say communist. not the same thing, but it's close. she's very bad for this country. she will destroy this country. larry: mr. president, thank you for your time. >> thank you very much. larry: and your wisdom.

>> thank you very much. ♪ if. larry: all right. theres it is. i'll be back with my if last word. please stick around. ♪he ♪ is up in the stand s. maybe i'd rather go to school for insurance. s. i didn't raise no insurance man. but you did, dad. football's your passion. but mine is providing around-the-clock protection to progressive customers who bundle home and auto. jamie, we need you out here for football. you're giving up on your dream, james. no, dad. i'm giving up on yours. no, james, wait! oh, that's not the exit.

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larry: well, it was a great pleasure to sit down and have a conversation with president trump, great pleasure. couple key points, i mean, there was a lot there, but a couple key points, you know, tariffs can be used in pursuit of reciprocity. which could actually create

freer and fairer trade. i think that was important. number two his desire for a golden age of america with lower taxes, with king dollar, less inflation, deregulation, drill, baby, drill. it's a growthier america. that's part of his vision. also the elon musk piece. elon musk helping out, there's a good relationship. it's an alliance now between mr. cutting spending, draining the swamp, dealing with some of these recalcitrant agencies that have gone so far to the left like the fbi and like the cia and perhaps the secret service and certainly the federal bureaucracy needs changing. and mr. trump did make a pitch for school choice. i thought that was very important. and then finally, you know, he believes his successful program -- and he has a track record to prove it in his first term -- his successful program

will bring the country together. can unite america. growth and freedom and reforms and respect around the world and closing the border and all of his tradition traditional themes. i think what he's saying is peace and prosperity is something that is very possible, and i think all that came out this this conversation. so the it was a great pleasure for me to do it and a great honor, and it was also great fun. we had a good time. anyway, speaking of peace and prosperity and having great fun, my pal, liz macdonald, coming up next. elizabeth: larry, it was so detailed. you really dug in there. so fascinating. thank you so much. great interview with former president trump. have a good weekend. welcome to "the evening edit," i'm elizabeth macdonald. >> she's aware, we're singing from the same song sheet. she helped pass all the laws