tv Kudlow FOX Business December 30, 2024 7:00pm-8:00pm EST
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>> hello folks, i am david asman in for la larry kudlow today. >> president biden weighing in while on his 573rd vacation day of his first term presidency, while president trump did so in the midst of the busiest schedule of a president-elect in modern times, we get into that in a moment but first fox news david spunt is live in dc with the latest. reporter: good to be with you, former president, and president-elect donald trump and president joe biden, will be with each other in washington, d.c., at former president carter, funeral on january 9 announced to be in washington cathedral. president biden in his last days in office wanted to surpass donald trump in judicial con f confirmation, he did it by
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one judge, 235 federal judges confirmed in 4 years under biden. democrats cut a deal with republicans several weeks ago allowing them to move on more district court judges in return, republicans can -- circuit court judges, one level higher down from supreme court. republicans were quick to push back on another legal move by president biden david and his time, one far more controversial, two days before christmas, president biden commuted sentences of 37 out of 40 federal death row inmates it keeps them in prison for life with no chance of parole but it taking death penalty off of the table, many of them murderers, like brandon convicted of killing two women in a bank in south carolina, in 2017, here is donna major's husband. >> she was shown no mercy
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this man walked into the bank never said two words to her, shot her 3 times in total, went and shot her coworker katie, as well. who was defenseless and unaware that anyone was happening. it is just beyond he that -- i can't believe that this is actually happening. reporter: biden wants to stop death penalty at federal level, president trump wants to move forward with the punishment. and reporter asked president biden yesterday on his vacation in st. croix, following d dat death of former president jimmy carter. >> decency, decency, decency. reporter: both biden and trump are expected to see each other in washington at
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carter's funeral. >> i wonder what happened to that smooth -- that didn't seem like a smooth trantransic, david thank you. >> for more on legacies presidents, a man who known and worked with quite a few, hugh hewitt. host of the hugh hewitt show. i will talk about this snide remark of president biden just a moment, but first, on donald trump's memories of jimmy carter, he worked with him as a businessman, here is what he said on truth social, that challenges jimmy faced as president came at a pivotal time for the country, and hig he did everything in his power to improve the lives of all americans for that we owe him a debt of gratitude, and he followed it with this, i strongly disagreed with
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carter, i also realized that he loved and respected our country, and all it stands for. you want talks -- that is a decent memory of jimmy carter from a guy who disagreed with him. >> it is very gracious. and happy new year in advance to you. very gracious by trump, i'm not sure that joe biden's stab at a comment in vi virgin island was not aimed at donald trump rather than at eulogizing of jimmy carter. it was indecent what we did with 37 murderers, the president biden is not capable of dischanging the office. he ought to have resigned more than a year ago, we're seeing, is m man b desperate to do something,
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jimmy carter did die, knowing he was not the worst president of postwar period, joe biden is, that the decency, de decency comment after is tough to take. >> carter came in, in shadow of watergate. people did not trust the government. they didn't trust the president under nixon they had problem with what fbi was or was not doing politically what now happening, we had church committee that investigate it, past several years we had commits in congress under republican leadership looking to what biden did there are a lot of similarity, to court -- carter's credit he did as much as any president could, coming out of watergate, to rei reinvigorate a little trust leading to
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reagan administration. >> but for his -- the thing that defined jimmy carter he was naive. about khamenei and soviets. his last year was good. after the soviets invaded afghanistan high woke up to the fact -- he woke unt up to the fact they were bad guys, and inflation and inrates killed him off, the pivot we need now is above pivot that reagan made against carterrism. i have to note for record, in his retire am me did very good things with habitat for humanity and bad things, vis-a-vis israel calling them an apartheid state. the guy never stopped
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insulting israel in his retirement, a balancing, a lot of good, a lot of bad. >> we've we give up about biden and move to donald trump, this i have to mention what happened last week, the issuance of the photographs, by america first legal, they brought it to court, they won court argument, they were released from vice president's biden inrei-- inpre introducttion of his son hunter to president xi . he was introduction his son to his future colleagues and president xi jinping. >> in president biden's defense he probably does not remember that. the robert hur special
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counsel investigation, is a kind way of saying he is not all there he sy system pared -- is impaired, i do not want production to turn justice department loose on biden family. i hope we look forward, i don't think he will. i think it has been campaigned rhetoric. the evidence is piling up for hit torreans to sift -- historians to sift through. >> one picture in particular. joe vice president biden intro us doing president xi jinping to his son. and can you put up that photo. xi has a look, that is not the one, of that is not it, it just, 4 guys, did way, xi is sizing up -- i know that picture. >> sizing up hunter biden and realizing, i have got the u.s. presidency this
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time. >> like saying word mark -- there is the one, there it is, that is the picture there on the lift. go back. about. >> there you go. >> that is xi jinping. donald trump knows well, and helps his vicious, and absolutely, m m looking at diminished joe biden and looking at hunter biden, and saying mark, mark. to put them in his debt, i don't know they were controlled by him, i do believe they were compromised in ways we will only learn it is a tragedy that media went on vacation for 4 years during joe biden. i know you were not involved and a lot of people called it out like i did. but everything about joe biden has been obvious from
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day one, legacy media has been protecting him. they are like his -- they are his blocking guards and tackles. >> that will lead to us president trump, he has a legacy from his first term here, got the tax cuts in we had a booming economy. he got the abraham accords in. but then came the pandemic. and it destroyed a lot. will he be able to redevelop his legacy as president in this second term? >> i am ox mystic. we -- optimistic, we have to add greatest upset win in election in 2016, and greatest comeback in politics in 2024, surpassing by old boss and his friend ni nixon.
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he did get operational warp expe speed up and running he got a lot down there is more to be done with navy, and the wall and deregulating everybody his energy level is off of the charts, i have not seen anything with that kind of life force in him. it is not joe biden hobbling into jungled in brazil or being guided about by the elbow in italy by the prime minister there it is a confident, and experiences and aware of fact a lot of permanent bureaucracimented to knife him in the back it will not happen twice. >> we have victor davis hanson at end of show to talk about that. hugh hewitt happy new year to you and yours. >> to you david, be well. >> thank you, coming up, despite economic woes of the
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cartcarter era. president carter did have accomplishments that doge team could imminent. lessons from the doge brothers we talk about that with art last irand scott hodge coming up next. -- art laffer and scott hodge coming up next, stick t with kudlow. hi of athletes. and pass on the support my family gave me. i believe in sofi because they give the same support to millions of members. helping them bank, borrow, and invest for their future. ♪ because for most people, it's not about the lights— or the fame. ♪ it's about their ambitions. ♪ sofi. get your money right.
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david: president carter -- low growth and high taxes, but, he made strides toward common sense regarding deregulation that the doge team may want to look at, joining us now scott hodge. and art laffer, former reagan economist. and coauthor of the trump economic miracle. there were two appointments to talk about that carter made, one was paul volcker, fed chair, he worked with reagan, reagan worked on supply side and volcker on demand side to squeeze inflation out of the economy he did it thank god he had
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tax cuts to go with it. that was breathing room. he also hired a guy named alfred kahn, art laffer, a lot don't remember him, a witeconomist from cornell, he headed civil a aa aeronautics board, they controlled prices of airline tickets, he -- carter want to deregulate airlines and hired kahn to did it, he did it and dismantled civil aeronauticking board took another director to close it down is this something that doge brothers to lock at how to close du down a useless against. agency. >> they should, this is what happened, he appointed volcker, paul volcker was a
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solid democrat on tax policy, he just of really good on monetary policy. and that was wonderful, he got alfred kahn, remember the big banana. he was never allowed to say recession, he called it the big banana, you look at results of deregulation, fares dropped and safety increased, he did it with trucking, biggest ally senate was teddy kennedy, greatest thing that happened to jimmy carter, he educated ronald reagan on what not to do, if reagan were elected, instead of jimmy carter, reagan would not be the same president high he was. carter did good stuff. david: maybe, that sense it would be a redux with what is happening with trump's second term, period of past
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4 years has been so bad with regard to economic policy and foreign policy. but that perhaps that might be helpful because the public knows what doesn't work now. they heard all rel rick that -- rhetoric that t tax cuts lose money, we have an old blast from the past, labor secretary robert reich risch said it added trillion to the debt, that is hogwash we gained extra 48% in revenue, since 2017, we have gained 1.5 trillion, it gained money. >> well you know like, jimmy carter, joe biden came in to office promising to tax rich and make tax code more
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progressive, americans have seen the results that of that kind of philosophy, they are hungry for economic growth again, time that congress right now prepare, to tend --i extend the tax trump cuts it would boost economy growth i and great new jobs it a pro growth tack policy, congress needs to get going it it right away so they don't lose momentum they got coming out of the election. david: what you did, and cbo and other idiots inside beltway don't do what you do. old fashion scoring. we're hearing about 5 trillion, to despite fact it didn't happen in 1920s. it at any time happen with jfk tax cuts or reagan tax cuts o or with the trump
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tax cuts how many times do you have to relearn, you know who learned it well, large part thanks to you was ronald reagan, have a beautiful old clip from his last press conference in 1988, he was against reporter saying same crap that you hear these days tax cuts your tax cuts mr. president, cost trillions. hire is what ronald reagan said. >> now, with regard to tax cuts, yes, the rates were cut, but since 1981, our revenue from those taxes has increased. by 375 billion dollars and power projection for 1990 and budget now, calls for another 80 billion increase in the revenue, with rates as they are. if you look back beyond us, to coolidge, and his tax
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cuts, if you look to kennedy tax cut in his administration similar to one we put in never case, it did not reduce the government revenue it raised them. >> art laffer that sounds like you talking. he got it do you think donald trump gets it after what he has seen? >> i -- you know, the -- watching that clip almost made my cry, just i miss that man so much. donald trump gets it and he problem gets it as well if not better than reagan, donald trump did not make mistake in first term of phasing in tax cuts he did a lot of other things. it was just deregulation. when you look at donald trump, i believe -- this is true on economics, he was single best first term president in u.s. history, ronald reagan was great in
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second term reagan, 86 was -- but first term donald trump was best. david: we got actually we're already overtime scott, but focus on what will happen now, there are a lot of people that want to delay tax extension to point it edges up to deadline. if it goes every, we get a tax hike, it will be a killer for the mid term elections. in 2026. but worse, americans want money in their pockets now, they have had money stolen from them by inflation, should it be job number one of president trump to get those extensions. >> absolutely, americans need in addition to money is stability and predictability in tax code, having spector of fiscal cliff out to end of 2025, makes planning whether you are a business
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person or individual very difficult, they need to move quickly to make it permanent. >> particularly those small businesses, they have to be able to prepare for the future, otherwise they can't deal with the present, love you both, very much scott hodge, and art laffer, have a wonderful new year, thank you for coming in appreciate if. >> thank you, david. >> coming up house will hold a speaker vote sp friday, and president trump has thrown his support for mike johnson. we'll talk about that when kudlow returns. car, this isn't the way home. that's right james, it isn't. car, where are we going? we're here. (♪)
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us now, congresswoman nicole malliotakis. great to see you, trump said, speaker mike johnson is a good hard working religious man, he will do the right thing and we will continue to win. mike has my endorsement, i wonder, if he has been calling your fellow republicans to get their support, including you know, there are a number of republicans congress people that come out against saying they will have trouble voting for mike johnson are they getting calls? >> well, i can't say if they are getting calls, i did speak with speaker mike johnson on friday, he gave me a call, we have a great conversation it was productive, a gave him my concerns and thoughts. on how he could move forward. where there is better communication, and more ability for rank and file
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members to get legislative wins, he took h my ideas, i assume he does that with all of the other members. and i did speak with president trump last week, who understands the dynamics this say difficult job speaker of the house. particularly with makety of one. -- with a majority of one it is difficult for every speaker to get everyone on the same page all of the time with a republican in white house and republicans controlling senate and house, we will be in a better position to work collectively toward that share goal of implements the trump ajoin arkansas -- agenda unlike last year we had to negotiate with democrats to get anything done. david: it is vital, so vital that every single republican stick together. republicans have a tendency leak hoarding cats, they are more independent.
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collective that definding democrats, and they come together, no matter what. can't -- don't people -- people, call them out, representative sports come out on fox news this morning, and with a dower look at mike johnson is that enough to really shoot all republicans in the foot by voting against him? >> i think you are right. this is the time to be united, we have so much work to do to undo the mess created by biden administration, if we ramp up domestic energy pro dupproduction and t the economy back on track and se secure the boer, that continue to allow for the millions of jobs created under first
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administration to continue lifting wages for middle class families and lowering that unemployment we need to stick together, i ho my colleagues see the bigger pictur address concerns, with the speaker, but don't try to leveraging this speaker, on friday when it comes time to vote we ha to recognize we will note get anything that want, he is willing to listen and he is willing to work with everyone across the political spectr in republican party, and we have to recognize, in government, it is a give and take, you are not getting what you want all of the time. i hope that is the take ay that if i could leaving any try to negotiate get we possible outcome to advance trump agenda but we're not getting everything that we david: hlistens.n.very there was -- from my bullpen perspective a terrible
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bill, that 15,000 page bill was horrible, he understood, and went back, and you got the job done. you cut down version that got us thrgh until march, there are negotiations that work. and there is some democracies, se -- to negotiate.o are willing right? >> the reali, that you need 7 votes in senate from democrats get any legislation through, other than what wel be able to do during reconciliation, that would require 50 vote 3threold, my colleagues need continued to that governing is a give and take, we have to work with each other, and yes, members from across at air aisle to get things done, gotiate for bestossible termthat mch the america first agenda that trump laid out, there has to be some
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understandings we're not getting everhing that we want all of the time, i really feel that is the problem. hearing my colleagues in coerence they get up and talk it is all or nothing that is not how it is in busine or government or in your household, never all or nothing in any relationship. it is a give and take. david: rht congresswoman great to see you, tough times ead, not much st for weary, thank you so much. >> appreciate it. >> thank you so much appreciate happy new year. >> switchingears of all his accomplish ament as president is none makes him more proud than the fact that the world was realtilyracy full during his -- relatively peaceful during his first term, then comecomes biden. can trump get the world back
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on the peace train. joining me now, mene . >> close. david: so kind and batya ungar-sargon. great to see you, thank you. >> i could not get more difficult names if i asked for them. but mene biden last trump with a horrible situation, of whether you talk about europe because of ukraine and russia. >> if you look at president trump's picks, the team in place, one of first hire was mike waltz, a florida congressman who has experience in armed services, favors a strong
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defense but will not go too aggressively toward starting foreign engagements. david: and a military guy, unlike the inside beltway guys. >> right he takes responsible of whether we'll send troops into combat seriously, and what president trump says about wanting to resolve foreign conflicts come to table, get regulars, as opposed to just hoping to get they don't get too out of control. keeping things out of headlines. david: that reminds me of law enforcement at home, you have to be proactive if you are just react 5 you ive you will be picking up dead bodies that is not where we want to be, in dead in -- middle east, there are too many dead bodies a lot of what israel has done on its open without help from white house, biden
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administration was telling them to do opposite of what they knew had to be done, you have a guy coming in white house who will be aligned with israel how much of a difference will that make in middle east. >> i think explained this the best, tulsi gabbard. who is president trump's nominee for director of national intelligence, he tulsi gabbard said when it comes to fighting terrorism i'm a hawk with wou wou counter productive wars of regime change i am a dove that is donald trump first policy in a n nutshell, he does not believe it is our job too go out there pushing our interest and our values on other countries, it is our job to protect our people and our allies, what you saw in the biden administration was the opposite, he was hawkish with all of these
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foreign entanglements that have nothing to do with america, and dovish when it came to fight our enemies that israel is fighting for us in middle east. david: and he was wrong, the brilliant operations we see israel carry out, with hezbollah a thousand hezbollah fighters destroyed by this method of using pagers, to take them town. but, you mentioned mike waltz before mene, he is replacing jake sullivan, i believe two weeks over october 7 said that middle east has never been more peaceful and calm than right now, these people were so wrong, just the difference between buying wrong and right. >> right. jake sul sullivan in the bi biden administration was one of
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architect of restoring u.s. engagement with regime in iran, which is behind the hamas attack on israel. creating the instability and violence in middle east, they believed for a long time all we need to do is talk with mullahs and they will be will to be be more peaceful, the opposite has happened, they had cash in their coffers and an america that was not opposing them they became or aggressive it will be president trump's primary goal to reengage an aggressive stance toward iran and make it clear they will not be able to sponsor violence and terrorism. david: they may have had a mole in state department. as well. batya, i have to bring it back home. black lives matter had a demonstration in new york city this weekend, does not
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matter, what it was for but bottom line is they had fewer than 20 people come, this is an organization that had 50 billion collected to it and cohorts. not all money made it there, has that whole movement lost steam? >> yeah, it is over. i think what donald trump really revealed is that divide in america is not racial, god forbid, not even political it is mean elites and a very united multiracial working class, made up of black working class people and white working class people and h hispanic and jewish. >> we all' safety and security. we have guardian angels, they are coming back because of barbarism in subways in new york, we see it. >> that is right. i grew up in new york area, and could remember the
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guardian angel around during end of the bad old days when there was more crime. david: m before guliani. >> yes, it has come back and we have seen horrible since of violence in the subways it making sense to have people patrolling the subways. i applaud the volunteers for beings willing to enforce some safety in this city. david: we love them all riders feel more safe. they don't call them gu guardian angels for nothing. >> coming up a special guest, joe biden regrets dropping out of the race erace -- victor davis hanson will join us when kudlow continues.
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presidential race, lucas tomlinson is joining us from st. crew. croix. reporter: that is reports from "washington post," according to -- 75 percent wanted biden to drop out of the race. "washington post" says that a aides to president biden said he did not want to drop out of the race. >> biden and his aides may have very well believed they could have defeated donald trump, that is not what data suggests, the data suggests that joe biden never led over the course of better part of a year into the campaign. reporter: david biden reportedly has another regret. he said he should have picked some someone other than merrick garland as attorney general complaining about slowness in prosecuting president
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trump and aggressiveness in prosecuting his son hunter biden. and that bull not have helped. biden with his son with xi jinping biden long denied any involvement in his son's overseas dealings, the white house reacting to the photo saying this trip is an old news. pastime to call to a day. >> and speaking of hunter biden he was spotted over weekend here in st. croix, he and president biden walking out of mass, together on saturday. notable that hunter biden's lawyer refutes the cha charges and talk about photos, saying they are old news. david: old news, brand-new, thank you.
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>> lucas. >> joining me now victor davis hanson, senator fellow at the hoover, he is either so been lying for so much of his life he does not realize he can't catch up with his last lie, he said, last march, i did not interact with hunter's chinese partners, you see it there, it delusion may be best way to describe the biden administration, they were delusional about corruption and about him thinking he could have won. way behind where kamala harris was in polls, and delusional about the economy is finding and border secure. this was the delusional presidency, no? >> absolutely, he had one role to play, he was going nowhere in 2020 until obama
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faction of democratic party rescued him in south carolina primary, he lost the first 3 caucusing and primaries, deal of the as we know, that he was to serve useful venire for hard left agenda he could moderate, then he was not able to do that now he tries to console himself saying trump ran 3 times and only jjoe biden from scranton beat him and other two women failed, ergo i should have beat him. that message does not pan out, everything that he touched had un-midas touch, even bill cl clinton ability could not have happened no one wanted it,
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he is responsible, he has always done that throughout his career, every time he had to apologize or admit his mistakes whether it was plagiarism or cheating in law school or racist comments he always attacks others other than looking inward. david: he is presenting what we know to not be true, talk about what seems to be a real breath of fresh air, new trump administration, coming in with all kinds of action going on. negotiating, deals with foreign leaders, and gallup poll shows i'm far ahead of where he was in january of 2017. picking up more momentum since the election, my opinion, this will be a very different presidency. >> yes, it is, i think they understand that the left is looking its wounds, almost abdated 90 day transition,
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saying we failed we can't do it biden is a mis mess just go takeover, trump has about 90 days to flood the zone. he will down of cultural economic socio political issue, he time will try to inact really startling change that time he will not have a john bolton or a people within the cabinet what oppose him. david: that is -- they are all new, and all fresh, all full of energy, and the doge brothers are best example of that. >> absolutely, he is substituted class for race. and he has people from all over idea logical racial class spectrum that is amazing to watch. david: you have a terrorist inc. article about it in fox news, look it you were eventing. victor davis hanson with the peets today there neff never long enough to talk.
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