tv Kudlow FOX Business January 13, 2025 7:00pm-8:01pm EST
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news on that. really. from fox news digital. we also have senator tommy tuberville joining us to talk about it. but we have senator marsha blackburn. but first max gorden is live in pacific palisades, california, with the latest on the wildfires there. ccan -- any better news today. reporter: firefighters are starting to get a handle on some of the fires, 14% containment on palisades fire, eaton fire 30%, you see widespread destruction like this all over pacific palisades and communities here, there is another threat on the way, a particularly dangerous situation according donational weather service with winds between 45-75
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miles per hour. very strong winds that will be very challenging for the firefighters any spark can light an inferno, but help has arrived. you can see down below the statementing area for palisades fire. we have seen engines from portland, from seattle, all over the place here to help out in the firefighting. but it is going to be a that willing one with the winds on the way. firefighter say residence here's in los angeles area, they need to be aware and ready to evacuate. we'll see what happens in the next day or two, this could be a dynamic situation, back to you. larry: thank you max gorden. now to capitol hill fox news aishah hasnie has latest, a busy weekend. reporter: very busy, down in mar-a-lago, where everyone under the sun wanted to have face-to-face time with the president election sources tell me that president-elect
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really used his personal charm to send a message of unity to house republicans who came down to visit with him, house republicans who could -- his agenda. >> -- could tank his ajepgda. agenda. >> we need to remain unified, if we work in lockstep together we can get the country back on track. reporter: trump met with fiscal hawks and more centrist republicans, and there could potentially be a fight over state and local tax deductions we're watching that trump told lawmakers from new york, new jersey, and california to go home figure out a fair number for lifting the salt cap. >> he agrees that cap on salt needs to be lifted it did have a negative impact on states like new york, they are the highest property tax counties in america. and so, you know combination of taxes, is devastating
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10,000 is since sufficient. reporter: -- is insufficient. >> in senate confer nation hearings begin tomorrow with pete hegseth, he will be in front of senate arm service committee and interior secretary doug b several senators not come out in support of some of the nominees, including pete hegseth. we will see how that goes tomorrow. larry: aishah, you done mentions love -- didn't mention the love affair between donald trump and john fe fetterman of pennsylvania. reporter: it did about well according to trump. i believe washington examiner said he looks at him as not a partisan
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personality but common sense guy that could suit him pretty well in upcoming couple of months he will need all vote he's can get senate. larry: more on that later, aishah hasnie. as trump reverses joe biden's foreign policy failures, he needs true warrior pete hegseth by his side, that is the subject of the riff. so pete hegseth will appear before senate arm services committee tomorrow. as president-elect trump's nominee for defense secretary. now before anyone saying that word about his nomination, they should read the hot off of press story from fox news digital. which reports how spectacular his military evaluations were. incredibly talented, battle proven leader, quote, unquote is one description, much decorated veteran,
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former fork fox news host described outstanding leadership skills during the course of his military services that is deployment to guantanamo bay, iraq, and afghanistan, and having taken charge of his platoon days before deployment in iraq, he led his platoon through 5 months of combat, and ranging from air assault raids to defense of a forward operating base. the evaluation goes on describe how his platoon remains physically and mentally red and captured an an al qaeda cell leader in iraq, and described his leadership skills in supporting hits squads. and another report,
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described him as an absolutely outstanding officer who was, in intelligent, mature and extremely gifted had become a tremendous asset to his ab battalion. these evaluations should be crucially important in coming senate committee hearings, a tremendous by the way breaking news report from fox news digital, and it should put to rest at least some of the unproven allegations leveled at hegseth years ago, allegations that have nothing to do with his military fitness or overall leadership skills. now, veterans rallying around pete hegseth and his nomination to be defense secretary, today an indoor rally spearheaded by senator
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tommy tuberville, and conti congressman keith self. >> we don't need a general from the pentagon we tried that, we need a drill sergeant, someone that has been in two wars that understands comradey and team and work ethic and time restraint and respect, we need to get back to every day respect and loyalty and belief in in country, with our military it starts with pete hegseth, pete is someone that believes in this country. larry: senator tuberville coming up on the show. tomorrow, hundreds more veterans are expected to peacefully rally in support of pete hegseth, at vietnam veteran's memorial and other washington, d.c., landmarks. now in addition to serving as much decorated combat veteran in several theaters of war pete hegseth was
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educated at princeton and harvard and wrote a book, war on warriors, that argues impartimportance of ends woke f fixation on diversity, equity and inclusion. now, joe biden leaves white house. with world in a dangerous place. donald trump intends to turn this around to america's advantage. senate must put true warrior pete hegseth at mr. trump's side to help him do it, and that's the riff. all right, joining me now bam bap senator tom -- alabama senator tommy tuberville. i don't know if you got wind of the -- they just put if out after 3:00 p.m., fox
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news digital report on the military evaluations of pete hegseth. but these evaluations i mentioned a couple of them in the opening riff, they are spectacular. senator tuberville, one after another. spectacular. what do you make of it? everybody on armed services. i hope someone will distribute this fox news story. because it did is very important evidence, they are military evaluations of hegseth, they are as i said spectacular. >> outstanding resume. i was in that press conference today with a lot of people that had served with pete, and listened to story after story about how he motivated people, he took his command and led his people in to battle, he did things that a lot of these woke generals that have been in pentagon would just dream
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babout, pete has done it we need someone that has been there done that knowing the experience, but understands when they are getting into he has a very tough job of leading what 1.3 million people in the armed services in right direction, we have to get away from this woke agenda, away from affirmative action and start building a voluntary military that really believes in this country and the future of this country. larry: i am reading this, i hope you or your staff can distribute this fox news story with military evaluations, they are military evaluations. in iraq, absolutely outstanding officer, who was intelligence, mature and
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gifted and had become a tremendous asset to his battalion and contributed to the battalion's performance during past 6 months, that is just one of many paragraphs of the etra ordinary evaluation. nothing like this report has coming out thus far, it seems to me all of these i regard them at personal attacks on him, this should put a lot of this to rest, i think armed service commit people, they have to get hold of this fox digital story. >> that would be brought up tomorrow whether we start the hearing. i think it is 9:30 in the morning. you will hear most of that come from the republican side talking about experience and things that have been acomp blue chipp -- accomplished by pete, on other side ul hear personal stories, going after his personal life, things
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that matter in the long run but at end of the day nobody is perfect week have to put someone in this position with experience and understands war fighter not the war monger. we need to build this military back. larry: none of those personal allegations amounted to any official change by the local authorities in california. there was no official charge as i recall. >> yeah, and fbi, investigation is back the ranking member and the chairman of every committee read those, there is nothing there that would bring up any allegations that would keep him from taking this job, and doing a great job with it it is falling to place, but, you will have a huge attack tomorrow, starting at about 9:00 from the left, the democrats condition stand anyone -- condcan't stand anyone
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that will come in and make a change for the better mr. american people. larry: and to reinculcate a warrior culture in pentagon that would help moral, there is a lot of great people in the army, and the various services, we know that. they just need support from someone who is strong. i mean here is the point, mr. trump wants to change, we need a complete change of american foreign policy over the last 4 years. it has been a policy of appeasement, america has lost ground, world is a more dangerous place, you know this as well as anyone else. my point is, trump wants to turn this, reverse this. and basically he wants pete hegseth at his side. at his elbow, at defense secretary. that is something that mr. trump has earned. it is parts of his policy
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mandate for change, is it not? >> right. as i said, today? press conference -- in press conference, we can talk about inflation, border and crime, and bad education, but if you don't have a descrj strong military to protect people, it will not make a difference, we need someone like pete to rebuild the military it is divided as we speak, i have been all over the world, people doing their own things, we need too get back to the team approach with the u.s. military. we need to be a lethal fighting machine, only way you can do that is start from the top, you can't build up from bottom, you have to start from top and have leadership like pete. larry: okay, i hope the hearings go well and i hope that breaking news story by fox digital gets arouge. before i let you go. this greenland story, this story continues it has legs
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and more legs. and now a lot of people are writing correctly, how strategically important to u.s. and to western hemisphere greenland is so china and russia stop nosing around, we're learning that the prime minister of denmark and the i don't know whether prime minister or president of greenland, they want to talk with mr. trump about some kind of a deal or a arrangement. this story is -- i know it was mocked when it came out, it shouldn't be it is important. news over the weekend, they want to talk. denmark wants to talk and greenspan wants -- greenland wants to talk, isn't that interesting. what do you make of it. >> he has been serious, he is a deal maker. president trump love ing to make deals, he understands that national security aspect of what is going on
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with greenland, they have minerals and resources at the end of the day they want better leadership in greenland. i think president trump will sit down with the entities and we understand that china and russia is moving into the arctic circle. they are moving in with ice busters that is close we need a present there, right now we have a military presence if we could make a deal with them with more presence we have to be able to protect our northern front, what better way to make a better relationship with greenland also better relationship with the people in th the ac in the. >> thank you senator tommy tuberville, good luck tomorrow in the hearing. >> thank you. larry: coming on kudlow will congress ever cut spending in our lifetime? you know ever cut spending
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two trillion dollar deficit. even more education lone cancellations -- loan cancelations, unbelievable, art laffer is coming on and steve moore is coming on took you can catch kudlow, monday through friday 4 preliminary her -- 4 p.m. here on fabulous fox business, if you can't catch us at 4 text your favorite 9-year-old and she will show you how to dvr the show and you will never miss greenland, that is what you will never miss, grind land, i'm kudlow we'll be right back. call! ...to saving up... ...to income in retirement. you got this. vanguard fixed income funds can help advisors grow their clients' savings. vanguard. fifty years of high quality investments. ♪
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larry: so will congress ever cuts spending? ever in our lifetime? joining me now art laffer. former reagan economist and dis steve moore, host of moore money and coauthor of the trump economic miracle with art laffer, answer is probably no they will never cut spending it worth talking about. $2 trillion deficit as far as the eye can se see.
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>> steve moore i have a bone to pick with you. you keep writing -- the only progress we made i'm serious, is when spending caps were imposed and implemented with particularly grand rudman spending caps but paul ryan did and john boehner did and kevin mcc mccartney spending caps, it is not debt ceilings or limits it is spending caps that have to be enforced. that is where they should go in this big you know one big beautiful bill that will come up. >> well, you have it half right. it is true that you want when newt gingrich came in, we got spending caps we had first balanced think about in 50 years when bill clinton was president. you are right back to rodman
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cutting, i talked with phil gram about that the other day that is time high was boasting we tut the budget, and boehner cuts came, here is what you missed. all of those reforms and those caps and spending and reductions happened because republicans use used leverage of debt ceiling. larry: they did not. >> that and what you are missing. >> no they didn't. you are kidding yourself, stop, than you is not true. >> you will have phil gram on your show he will agree with me. larry: you know that not true, i just love this the debt sdebt ceiling never stopping anything, all that happens is spending goes up, deficits go up and debt goes up that happens. now, graham rodman spending caps, i can't get check
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cited, we have to slow down spending. we have to grow the economy. i just cannot get excited about the debt ceilings, they actually -- debt ceilings are responsible for greatest increase in debt that i have seen. >> well -- >> go ahead. >> let me just say, two of my best friends ever, larry, i think you won that one, true, they think they saw debt ceiling by raising taxes this the worst, spending caps are perfect, only thing about spending caps that does not make as much sense they are blunt instruments there are certain things you want to cut spending on tra transfer payment, paying people not to work, you don't want to cut spending on defense, spending caps are way to go we should get rid of debt ceiling i think. larry: we solved that problem.
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>> now what was that question. >> we enve so solved it. >> what was the question? >> westchester county in new york congressman mike lawler on maria sunday show, he wants to raise salt cap soy deduction for state and local taxes. >> you had a person meet -- important meeting with president trump, you expect the salt cap to be lifted. >> he understands and agrees to cap on salt needs to be lifted. i introduced legislation to lift it. i said from very beginning, if salt is not lifted. i will not support a tax bill that does not do that. >> wow. larry: i think we agree to get the one big beautiful bill through, double from 10 to 20 thousand.
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mike lawler wants to about from 100 to 200 thousand in "wall street journal" editorial, if you deb will salt cap from 10 there 20,000 it cost 175 billion over 10 years, if you took it to 100 thousand, as mr. lawler wants, there is no telling how much, i can't calculate that. what will happen on this steve moore? >> well, you know fun -- good timing that you ask bus us about it, art and i are working on a piece, i think the general principle for good tax policy i think we could all agree, is that there should be no salt deduction, no rational whatsoever for people who live in florida taxes in idaho pay higher taxes to pay for my taxes in spending in new york and california.
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that is just makes no sense. and if you bring -- bring back the salt deduction, you are talking about a trillion dollars that will -- we use that, you were there, we used the salt to get rid of salt deduction to lower the tax rates on everything that is what we should do here. larry: point is, art, we should not incentivize all of these blue states to keep raising taxes. >> right. larry: by allowing state taxes to be deducted from federal taxes, that is just, you know, that is, you can get into discussions about how much new york pays into the federal government and all this, i don't area, the issue is the incentives are wrong, to get tax bill through, you have to get all of these votes, a very thin majority. that is the reason we can only have one bite of the apple, one big beautiful bill to put tax cuts in in and spending cuts as well as the border stuff, and
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energy. but art, how far would you go to make peace do you think? what would work to -- to your way of thinking? >> when i look at you two. in highest tack places in world i i -- tax places in world i am in a we'reoy tax rate. to be honest, a half of all state and local taxes should be deductible, period. there should be no limits, you should not have limits on deductions, you should have limits on percentage of taxes that are deductible because it is the marginal tax rate on these people in those blue states that matters, the marginal tax rate not average or cost and et cetera, when you do that, you say, half of the taxes there that would give marginal affect, they will pay for themselves, if you made half of de deductions deductible un
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unlimited you would pay for growth and that -- >> you say -- that is interesting, you say measured differently, issue should not be size of the deduction or of the cap, you are saying percentage should be, i don't think, is that really these states are huge tax states, you talk about 4 or 5 -- well more, half a dozen. would that matter steve moore? i have to think about it i think art is putting something over on us, but think it through. >> we have been talking about this, the point is that he wants to bring down total tax rate that people at top are paying that the incentive size them to work more. i would say, that about ale -- most of people who take this tax break, remember 91% of americans no longer itemize their deductions for majority of people in new york it say meaningless
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thing. and i don't understand rational for having it. i can live with increasing deduction from 10 to 20 thousand, i think art has an interesting idea, but bringing it back or 200 thousand limit is unsame una unacceptable to me. >> "wall street journal" editorial, published, i'm two years ago -- i think two years ago, if you live in new york city, your top state and local tax rate is 14.8%. if you live in miami your top state and local tax rate is 0. that is correct. steve moore, you got it right, you got one right today, the de debt thing, you blew it but you got it right, it is true in nashville or where art lives
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took out in california we hope they can live through it. i have to go, i'm out of time, so much fun, art laffer. >> move to tennessee. larry: we're all moving to tennessee or take a greyhound bus there. art laffer and steve moore thank you. larry: on kudlow, no matter what joe biden says, and he said a mouthful today, his failed policies of appeasement have left america's far more dangerous world. we'll talk about it with miranda devine, rich lowry and david webb right here on set i'm kudlow.
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and my progressive rep was super helpful. tom hayes is passive progressive. the way kevin says he always has to help you. tom doesn't have progressive, so he takes it out on those who do. if you switch you can save hundreds. that's great. you can buy more of that cologne we all love. huh. progressive called me back about the claim i filed. support when you need it? i wonder what that's like, huh? in my office. now, tom. -don't be passive progressive. -this is bad right? switch to get good coverage and savings for yourself. >> america is stronger our alliances are stronger, our
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competitors are weaker we're increasing our diplomatic power creating mora more allies we increased our military power. larry: geez, going out lying that is how he governed, hate to say it, joining us rich lowry and miranda devine. and fox news contributor and david webb also fox news contributor, ho host of david webb show. my stomach turns when her this stuff just a pack of the false hoods. how does he get off saying this with a straight face. >> it is ridiculous. our image and projecttion of strength is the worst it has been under the late '70s catat least carter shifted at the end.
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we have seen nothing like that from joe biden it will bwill be 10 days from now, you see it happen so man people taking president-elect more seriously than the president. larry: in the world. i don't know if anyone watched the speech. miranda, i know you -- i don't want to talk about it. but hire, let me hook it in. i don't know if you saw the fox news digital article about the military evaluations of pete hegseth for his nomination for the defense -- spectacular one after the other, a huge story, it should be distributed. everyone in senate armed services committee for the hearing, trump wants to reverse, we talk with tuberville about this reverse all biden policies of appeasement and he wants hege hegseth at his ehello -- at his elbow,
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this is a big slam article. >> pete hegseth is just extraordinary in so many ways. you know he is principled, he has the right value about what he wants military to be, he is a courageous combat veteran. he is hugely well educated and just well regarded by his peers. i think having him first cap off the rank for the confirmation is a good idea, a good strategy he will be probably the most difficult to do get across the line, maybe tulsi gabbard. he is one of move most crucial people in trump administration who'll sit things right again, after we had general milley and rest of them the woke military, moral that has plummeted you and have recruitment is a disaster and people they are
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recruiting are not the right stuff. pete hegseth is the perfect man, the absolute avatar of the american fighting man, the american warrior he will get recruitment levels up and moral up. larry: the evaluation, this is military evaluation. absolutely outstanding officer, intelligent, mature, gifted. tremendous asset to his his -- battalion. and et cetera. david webb, putting thi this story to bed, but we have learned through biden appeasement never works. >> you said in the beginning, when you combine lies with apeacem appeasement, that is what joe biden does he launched his campaign on charlottesville lie, and high lied about various
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quote accomplish aments he gives you the truth without the facts behind it. you can go through this speech. with pete hegseth there is a choir principle involved in military, do you trust your commanders, do they have your back as you have theirs, whether you are in platoon or sergeant or company commander, that needs to be there. that is what pete hegseth bridges to the table -- bridges to table, contrary to what biden put on table with lloyd austin and other chiefs, with the woke bs he put in military, that didn't make it or didn't keep it within the standards that were necessary. but rather the ideology they felt was necessary that took away legacy, so many friends of mine say i tell my kids to not go in and recruitment numbers, the marine corps
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met them because general mattis spent money to come out with a report that says did not work. if you are not qualified to be a marine. you are not qualified to be on front lines, this is about make it merel merelmere more lethal and effective. they are trained to be the best. larry: miranda, to you -- this was very serious this first conversation. second will be tongue in cheek, i read your article, you don't trust mark zuckerberg new conversion against c woke and censorship, i understand. i have a theory, for whatever reason, there are throughout history miranda, many examples of sol on the road to d damascus.
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-- ass-- sauu aul to damascus. this time the road was paved by trump's strong election, there may be one -- there are many sauls. >> zuckerberg is one, be bezos another one. >> a pilgrim an.age of, you areg thomas, but, it happen $conversions in life. >> yes, but these are just whiplash and you know, trump laughs about it he says, these people, i ask them, he said it, would you be here if i had not won the election, they get all you know embarrassed, he said, not, he is pulling a-- fully
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aware he is playing with them, i guess like a cat with a mouse. larry: rich, do you believe this? nonbiblical it happens, conversions on the road. >> sometimes they happen, sometimes people just get on the bandwagon, does it matter, if you have a fence sitter b like zuckerberg and you change the culture, that is good. >> he was not a f f fence sitter he was on other side. >> he did get pushed by other side. >> i will let them argue about this. >> he embraced it. >> thank you, rich lowry and miranda di divine and david webb. we all go on road to damascus. coming up president trump 100ic executive orders
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blackburn. he talked to you republicans senators, i guess on wednesday ma'am, a hundred for all i know it will be more, what did you take from it, what can you share with us? >> we have a very aggressive and forward moving president donald trump we're looking forward to that. and i have to tell you, larry, 100 is a great start. we might have to do a thousand to undo all of the damage that joe biden has done to this country. so i'm thrilled that he is going to start with a hundred. then that headline kind of build -- that will kind of build a fire under members of house and senate to get moving and pass le legislation codify some of the orders so we can get them into statute and make them law. i know that president is really pushing forward to get the border secure.
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to work on the tax cuts and making those permanent. and to better our standing in the world. so that our allies, know they are an ally and enemies fear us. larry: i have been advocating for one big beautiful bill, i guess is what the house will push forward. but, on thesi executive order, a couple thens, a lot is border relates, right? you are right about them getting codifies to law, i agree 100%. but, it is like, trump did a hundred to close border when he was president first time biden did a hundred to open the border, and now trump reversing it. that will have an impact, won't it? >> it is absolutely going to have an impact this week in senate we're working on laken riley act, we have my clear act that would codify 287g program, that has stood
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the test of time and allows our local law enforcement to apprehend and detain those criminal illegal aliens and requires i.c.e. to come pick them up within 48 hours and reimburse that local law enforcement agency for everything penny they have spent on that apprehension and detention, they will begin to send a message. and showing that we will secure that border, we need to be certain that we have got the money in place. so that the president can begin to build the wall, we need to bolster our military pending. we need to make certain energy production we move back to producing american energy. so that we're energy independent and president trump is going to get going on it right away with 100 right out of the gate as i said, he might end up having
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to do a thousand to get rid of all of the damage joe biden has done. larry: i'm in for a house, mawm no -- for a thousand, ma'am, no question. biden did it again on the way out, 150 thousand loans canceled now up to 5 million people. and by some estimates 500 billion dollars of loan cancelations, and all while busting law from the supreme court. how did you figure it, i got 25 seconds. >> this will all go back to the supreme court. people that signed on the line to borrow money, need to realize they will have to pay that money back. it is -- they are not getting by with shorting the government and not repaying that loan, all of this is tax payer dollar. larry: senator marsha blackburn, the best of best, thank you, ma'am, appreciate you very much, we'll be right back. (s
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larry: that's it for kudlow, thanks for watching, folks. - [narrator] november 7th, 2000. (tense music) election night in america, and nowhere are the stakes higher than in houston, texas, where the bush family gathers to watch the results. - [reporter] it was the closest election in a century. - [narrator] george w. bush was never expected
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