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tv   Kudlow  FOX Business  February 17, 2025 7:00pm-8:00pm EST

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where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management . >> happy presidents' day welcome to special kudlow
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i'm david asman in for larry kudlow. so, the world is just beginning to wake up to the global impact of a trump presidency, and of their leaders are crying about it watch. >> this conference started as transatlantic after the speech of vice president vance, we have to fear that our common value base is not that ca common anymore, let me conclude, this becomings difficult. -- becomes difficult. [applause] >> oh, my goodness. well, president trump says, he could meet quote very soon with president vladimir putin in his efforts for peace talks between ukraine and russia, leaving european leaders in a panic. french president m macron
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called a an emergency meeting and zelenskyy saying he will not recognize any agreements trump and putin make about the war without his involvement. >> i will never accept any decisions between the united states and russia about ukraine, never. this is the war in okay, you okokukraine against us. >> to sort it out for us miranda devine. molly hemingway, editor and chief of federalist and fox news contributor rich lowry, editor in chief of the national review. miranda to you, 60 minutes have a report on european censorship of all things. they were interviewing germany prosecutors about censorship, they were proud
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to talk about it. roll tape. >> is it a crime to insult someone in public? >> yes. >> it is a crime to insult them on-line as well. >> yes. >> the finding be high -- the fine, it could be higher if you in insult someone on internet. >> that did not mesh with message our new vice president brought to them friday, playing a little bit of that. >> if you are running in fear of your own voters, there is nothing america can do for you. we should not be afraid of our people even when they express views that disagree with their leadership. >> what a contrast, it is freedom, spelled out there, by the vice president, versus censorship. >> absolutely, that was an example of america leading the world and warning europe that dark veil of censorship is coming down, no better proof than those three not
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see wise monkeys, the prosecutors on cbs it was orwellian, talking about how the proudly they kr criminalize speech, thank god jd vance went there in the public forum and told them when america feels, this is a make or break issue with the alliance. larry: molly, there is a contrast in character, you look at character of donald trump who withstood an assassin a bullet and care of i believe a german leader there who fell to tears talking about how high was not getting -- he was not getting everything that he wanted, this is a clear distinction between two different styles what brought us through w -- world war ii. >> the same german leader is
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same one that laughed and donald trump gave a speech the u.n. and here we have this situation, where really, it is a interesting to bring up world war ii, saying, should we really have this same situation we had immediately after world war ii, we had a trade architecture and defense posture, to lift up the european countries because they were so destroyed by world war ii remember we're 80 years later, europe says we'll let the u.s. handle our defense and build up our welfare state, and trump and vance say, that is not happen anything more, that broad wo wonderful call for freedom. >> freedom of finances and the economy as well, back to world war ii, another reference was made the over the weekend. that was by margaret brennan from abc, she made claims
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from free speech responsible for rise of nazi germany, to secretary of state rubio. >> why would our allies or anyone be irritate the by free speech we're a democracy. >> he was standing in a country where free speech was weaponized to conduct a genocide. >> i have to dairks agree disagree with you, free speech was not used to conduct a genocide there was no free speech in nazi germany. >> what do you make of that. >> amazing to have an argument about that, it was not -- there was no free speech in nazi germany, we should -- that should led to gas chambers here. we had freest speech. and vance -- >> good point. >> the first amendment is one of the wonders of world and different from approach to rest of world, what referred to as a orwellian sensors in germany that was
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model that left wanted to the import here, biden administration was pressures social media companies, and companies that were adopting that approach, election through the switch, hopefully we're seeing the end of that model, now a vice president of u.s. going to europe, telling them that approach is wrong there too. >> miranda, our economy is one of the wonders of the world we were presenting the success of our economy as an example for decades, to the rest of the world. then we had the crazy administration the last 4 years that was trying to import the european model. a semi quasi socialist, leaders crying. thinking about their future. why import from europe's mediocre add best economic model and political leaders at best who just keep the ball rolls? with the exchange of getting donald trump. there is no contest.
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>> no there is not. the other thing that biden administration did was try to use europe to impose the social media censorship regimes, they wanted to use here. we're not allowed to thank god because of the first amendment. europe took that up with gusto, biden administration was hoping they could suppress free speech, but also elections in the way that europeans want, to we had a european pubba saying, that jd vance mentioned it. that, we k canceled elections in row ma -- romania we can do the same thing in germany, there is a anantiof him break group that is looking to could competitive. >> democracy be dammed. >> we'll cancel it. >> migration is driving a
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lot of this european elite did not want to have a by dadebate over immigration. they do not support open border policies, you have from elite. we have a freer system here, donald trump could say, everything that's don't want people to say in europe. >> molly, we have zelenskyy, what do we do with zelenskyy? we have given him 200 billion dollars more or less, he can't find a lot of that, a lot of those billions have seemingly disappeared now he will not allow donald trump to negotiate some kind of a kna -- understanding with russia unless he is party of course, it how do we deal with ukrainian war, a million people have died or been injured as a result. on both sides, i think russian lost about 400 thousand, and ukrainians about 600 thousand. >> horrific. no one las -- has talked about as much as they should. talked about how you could
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win a war against russia. with of the nuclear c capabilities, you see trump and vance say we have to be realistic, we may not wish that russia has the power it has but rear not going back to pre2014 borders, it has to end, the carnage is unthinkable. everyone in the room who was crying with german leader, they were happy to have this war continue at untold cost covered by american taxpayer, they did not care how long it lasted. >> miranda, back to to biden, he did not require request kind of awoun a-- he did not require any kind of accountability from zele zelenskyy. but, it seemed that biden was letting him like a child you get let him get away
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with anything they will take more than they deserve or can keep account. he again, himself, admit he's lost billions. >> and look, i think that donald trump is perfectly right when he says this never would have happened if we had been president. we had joe biden giving the mixed messages, offering for ukraine to join nato, then not offering saying a minor incursion by russia would not be a problem, he bungled it from the start like the withdrawal from afghanistan, the tragic numbers of death that we we've seen. the relationship between russia and west forever has changed, russia is now in the arms of china, i don't think that will be easily unpicked it will be a disaster for many generations to come. >> rich, let me bring it home, dommist l like --
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domestically with doge and attempted by democrats to demonize elon musk, it is not working well, you look at polls they like how thing going making our government accountable. i think that democrats just losing it they have nowhere to go. >> federal workforce means a lot to them, most people, yeah let's reduce it it is common sense, one of most popular things. all this will be litigated. and administration on strongest ground anything to do with personnel, you can fire someone or promote this person. i could that will be interesting is can you zero out federal agency that congress has authorizized. >> that was done with civil aeronautics board that was
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zero out by carter, he started the process, i think it the process finished under reagan, he started that preseses. and -- process he killed it himself. >> if it the executives create it they can roll it back, if congress is authorized it does the executive have authority to say no. >> molly is only one here who lives in dc . describe for us, the color of what is happening in beltway. >> neighborhood chats are quite, people are frenzied, they have had nice life, amazing salaries and amazing benefit packages and work from home, some cases not doing a lot of work some work very hard for the government. there is panic there i adagree with rich, they were the ones that were
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responsible for bloated unconstitutional administrative state growing, they need to be a part of solution and support it by working with president on tightening up this government. >> i have not seen, trump step in and use all of his political capital to swat the behinds of these republicans who are not getting in line with one beautiful bill. >> i think he wants to get his -- all of his nominees confirmed. >> rich -- >>ing an legal ambiguous have congress pass. >> why on earth could anyone object to auditing the tomorrow government? that -- the federal government, that is all doge is doing, then we can decide what we'll cut out. >> ron paul tried to audit fed for many years, one organization, the federal reserve, he could not get anyone to go along with him. by the way, do you think it will be done everything that trump wants with all this
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political capital, and support of american people behind him? >> just amazing you think back to what people said in last 4 years if trump were reelect he would not haved any people working with him, and nothing would get done, in just a month we have seen amazing work. >> and his popularity is soaring. >> it is. miranda, rich and molly thank you. >> we have news to report. there was a delta flight it was going from minneapolis to toronto, that is an upside down plane it flipped over upside down, flight 4819. delta flight, 80 people are onboard, this is the miraculous part, we have a report that of 80 board, 8 have been injured, one critical we don't have a report of anyone having died on that plane. it is delta flight 4819 from
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minneapolis to toronto pearson airport. landed -- if that is the right word at about 2 :57 eastern time. and you can see the result of that flip over. 8 injured, one critical, the numbers might change but for the moment, there are no deaths -- now there are three critical injuries we're hearing according to local ambulance services in canada, one male patient in his 60, one female in her 40s and one pediatric. we wish them god's speed. >> will the house pass one big beautiful bill?
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david: for all difficulty that dems having if defining what they stand for, decide dd.e.i. and government west, g g.o.p. has to
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come together and jump-start president trump's one big beautiful bill but is times that house is only one willing to do so, joining us texas congressman pat pat fallon and florida congressman greg steube from house, ways and means committee, thank you. let me start with you congressman steube, house is moving on trump's one big beautiful bill, but what is happening with the senate? they seem stuck in this two-big idea. >> yes, seems as though leader ship there wants to do two bills that is their prerogative, the house has been firm, our chairman it has been firm. we want one big beautiful bill, like president has talked about. that will be easier from a proceedural stand point. we will go to floor in washington next week. .
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>> pat fallon, why can't the president use this big beautiful political capital he has to get what he wants. >> i think he is, he -- our quarterback a time, and house republicans are a family. maybe sometimes we're a disfunctional family, but i think we can get there, doge has a lot of momentum amongst the american people taxpayers are tired of their money being squandered. and final have we a president that will take bold action, i am ready to work with him. david: you arey on doge committee, right, i'mureious, you -- i know you have democrat friends some in house, what are they telling but it, they must know it say losing bat pos-- losing battle to be fighting for waste and fraud. >> there are a few of them
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but their voices neverr wilderness, they are out numbered. the democrats want to just play contrarian. the federal workforce, they are counting on their votes in virginia without that virginia would go red, almost did this time. we'll continue on to right thing, and let democrats play politics. >> that is congressman steube, problem is there is work do now, they could still interfere. i understand their lawfare does not seem to get as far as they want it, to they could still mess up a lot of the president's plans. and that is why it is important to get the senate in step with what you are doing with the ways and means committee, is there anyway that you can work together with senate? >> i think that is work itself out, house will pass their bill once think about resolution passes -- once
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budget resolution passes. and we'll go through the pprocess that house and senate go through, republicans will be should be united, i was surprised, budget resolution passed on republican side. that shows we're here to deliver on president trump's agenda. everyone has different ideas, of what it looks like, but if president said this is what i want, and has a press conference we come together behind that look, getting into weeds and details can be a challenge, 4 p -- you have a lot to work out details ow oon. david: we'll get into numbers a little bit. this ridiculous nothing pat fallon stl that you have to pay for something that increase amount of money we're getting from
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taxes, 4.5 trillion dollar cost of extending tax plan is most ridiculous thing that i heard go all my life covering washington, d.c. who is coming up with these made up numbers when, in fact tax cuts of 2017, have brought in extra 1.5 trillion, extra, it is adding to the budget, not a s subtracting they don't understand how to add and subtract. david: it is that new math that ale gore was -- al gore was talking about year ago. david: why is this coming from? >> cbo, you know they score it, they are wrong a lot of the time, you have that growth, you stimulate that massive growth, there are trillions on sidelines what business community and private sector want is stability, they don't have it now, once we pass it, if we can extend it that
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provides them with that sta stability and piece of mind, when goods and services i exchange hands government takes in with taxes that increases revenue. david: ronald reagan and jf, can said the same thing, they were out right, i just want to more on doge, there was a "wall street journal" editorial that quoted government accounting office, not doge, came out with a report last spring between 233 billion and 521 billion dollar its lost annually just to fraud. that does not include waste that goes in there. -- that is 'a quarter of way to 2 trillion that elon musk said he could get over 10 years we're closer to this than a lot of people think.
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>> yes, i bet that numbers are worse, if you look at social security fraud, and over covid 19 fraud across the nation. local governments were appropriated money it was being abused and all sorts of people are getting arrested for having a legal scheme -- illegal scheme, what don doge is doing with data to reflect the numbers, and see for a fact what we have been wasting and what has opi been frau fraudulently spent, it is important analysis for us to do. to cut as much spending as wet can to get tax cut to american people. david: congressman steube, you have been vocal about criticizing lack of accountability from our spending in ukraine, what do you make of latest from zelle gel. -- zelle gel. zelenskyy.
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>> i stan behind what president trump is doing, and marco rubio is doing. david: i wonder if we'll get accountability for all money went in ukraine, thank you so much congressmen pat fallon and greg steube. >> on presidents' day, the battle to control the power continues, with democrats fighting in court today. to block trump and musk from audits different spending we'll talk about it with article three project mike davis and attorney julian epstein when kudlow continues. the thompsons' new front door looks sharp, right? did we need to wave her down to tell her that? no. no. for a young homeowner turning into their parents, the neighborhood is their life. wonder who's visiting the burkes. that's not their car. hey, guys. who's winning? [ giggles ] now most of the neighborhood uses progressive
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to stop it, a alexandria hoff from inside of the beltway. reporter: they can continue, in the scope of this one case, u.s. district court judge chutkan declined to issue an order that would halt doge's access to personal. >> chutkan will issue a ruling on their request for a temporary restraining order within 24 hours, and expressed skepticism on the state's argument, it would mean proving something ma major would happen right away that could not be undone' like demolishing a
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building. and consumer financial protection bureau, judge bates acknowledged privacy concerns argued by worker union but decided that doge likely qualifies as a federal agency ands that authority to access government records, they have been asked to file a briefing. with less urgency. david: thank you so much. for more on this, let's bring in mike davis, president and founder of article 3 project, and julian epstein. good to see you. mike, it appears when you look at ruling of judge chutkan, and ruling of judge bates they are both skeptical of the claims for different reasons by the states againsts president. it just seems logical, president, to put it in business terms, he was hired by the american people to
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run the executive branch of government, yet we can't get into the records of that executive branch or have his people to so, it does not make sense there . >> it does not, you saw earlier some of the activist judges receive political plow back because like you said, american people heard that president trump wanted to implement doge with elon muska as he was running for office, they liked what he heard, they voted to put president trump in office on november 5 in overwhelming fashion. president trump is doing what he told american people he would do, this is within his article ii executive power. david: he telegraphed it julian, a lot of people, andy mccarthy has not always been on donald trump
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side but here is ha he said earlier about these various attempts to challenge his authority. >> in these cases, you notice, well only for two weeks, th 3 weeks it is important to recognize that he has the power and the congress and the courts do not have the ability to obstruct him, not for 14 days or 14 seconds. david: you are not a hard nose conservative, you are a democrat you have been served democratic administration, the bottom line is that american people look at this, they see the same kind i call it lawfare it say different use of it. but twisting of the law to get what they want, and deprive the american people of what they voted for. >> well, democrats have right to go to court. >> sure. >> does not mean it is a good fight. what democrats are doing is
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they are walking into a trap. this supreme court, has made it clear, its view that the president has the right to manage the executive branch ywith article ii, they make clip little bit on lower level civil service employees have 7 rights right -- certain rights before they are terminated for most part president trump will win on the cases, lower courts were resisting temporary restraining orders they know supreme court has that view they don't want to be overturned. this is like the legal result likely too come from this, that president's hand will be further strengthened in the supreme court, as political matter, this is like sheep hurdles off a cliff, we live in age, by democrats, in age of deep sce skepticism of institutions, they are defending most unpopular
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type of spending foreign aid with examples of things like transgender operas and money goes to groups aligned with hamas, that is a fight that democrats li politically cannot win, they are walking into a tramp they don't seem to be able to see it. david: examples that elon musk and doge and independents like the epa now, finding out, 20 billion in slush fund, they are so wrong. that is my own opinion. the you know stuff they are coming out with is horrible, democrats left in a position supporting the horrible stuff they have found. >> it is worse, they say president of united states and his treasury secretary, cannot look at payments from the treasury. they cannot look whether
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there is waste, fraud and abuse, that is unconstitutional. a clear violation article ii. david: and julian, there is you know not just doge, and the aid funding there is a range of issues, immigration, is a monk them. that the president not only won on in november, but is getting a growing sense of supports on from the american public. jonathan karl had hakeem jeffries on a sunday program. a clip of that he outlines how ridiculous it is to try to be against something that american people are more in favor of. >> 63% favor federal government recognition of only two sexes. and 60% favor expanding oil and gas production, 59% favor declaring an emergency at southern border.
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is there anything you are seeing that the trump is doing that you are in favor of? >> let me say as it relates to all of the issues, we're just at the beginning. david: julian, his answer is no, i don't see anything that the leadership, there are people like senator fetterman and you and doug schoan and others say you have to find anything to work with him on, i don't see leadership doing that do. >> you no, we have talk period -- talked about it. during the campaign i said i thought kamala harris w would lose, democrat party has been hijacked by progressive left. you know you go to doge for a moment look at department of education 280 billion as our test scores plummet, and 50 million from epa for environmental justice groups aligned with hamas.
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i mean, you go down the list, and the democrats just won't win that debate, there is a word they should heed back to clinton era, mend is, don't end it, work with trump administration to fix the problems rather than fight them, most thing that could come out are this would be to put some sunshine on to these grants that have been going out for aid and epa, none would pass muster if press were able to get a hole of them -- hold of them, i think that democrats have chosen the wrong fight, they will lose. david: mike, quickly, the doj drops case against mayor adams in new york, some people say is was political, a lot of republicans say it was political to indict him on the changes, it happened after he went against thebining biden administration on the migration policies -- your
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thoughts? it is a fair thing in dropping the case. >> absolutely. the biden administration justice department went archerric -- after erics adams, they got a civics lesson. david: all right, we have to leave it, julian and mike thank you. >> thank you. >> coming up we saw 2 trillion dollars in revenue for president trump's 2017 tax cuts, so why are people still claiming that's that extending them will cost more we talk about it with cbo director douglas what kudlow continues. car, this isn't the way home. that's right james, it isn't. car, where are we going?
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the way i approach work post fatherhood,
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has really trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families like my own. in the average household, there are dozens of connected devices. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. >> they say that extenting current law costs you money somehow this is a ridiculous argument at federal left the issue is spending, it is caught of -- out of control we should look at t pack -- tax po policy as
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neutral. >> how, extending trump's 2017 tax bill, cost 4.7 tril trillion over 10 years, joining us now, douglas holtz-eakin. he is president of american action forum, former cbo director. i guess you used to publish the monthly reports, i love these, they give you the details, hard to argue with the figures that come in. that say 48% increase in tax receipts, since 2017. that is more than twice the rate of inflation during that time period, how can they claim that would cost 4.5 trillion dollars? >> this is the latest op episode in longstanding discontents i had with framers of budget act.
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they billed into a biased toward and ending, if there is any spending program that is not extended, it is assumed to be continued in baseline. spending programs never die, if a tax provision expires it goes away. you see a vivid example of this this is why it matters, in recan recancelling a, you have to -- recon sill reconciliation you have sunset the tax law it much harder to not create deficits, you get 4.5 off the bat. we'll have less permanent policy, that is less powerful growth policy, we need is most pro growth reform. david: there was a line, maybe david copperfield, some dicken's novel, someone
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said, if the law said that, then the law is an ass. it is absolutely counter to the figures that have come in, they are not prospects of what might happen this is what really did happen. that we made that much money from the tax rate cuts because it generated so much more economic activity, more people were working and paying taxes. and by the way, some of those tax -- now tax cuts that trump wants are very pro growth like the cutting the taxes on tips, on overtime pay, and et cetera, this would generate more income as people are more anxious to work. >> well, i think you are better read than i am. two things that i know, substantially problem is big mandatory spending programs, over next 10 years social security and medicare more than one half of noninterest
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spenting they have to be dealt with, that is huge, second is, rules of game are rigged for more spenting time to change those rules so both parties in power play by the same lines when they do it, that is even that is what we should focus on. david: some of that mandatory spending for social security and medicare and medicaid is looked at. by doge, it is -- for years, we have known even 60 minutes did a report, years ago, about fraud in medicare, and medicaid. and coming up with figures like at least i think like average of 15% wasted and through waste and fraud that was spent every year from those. that adds up to billions. maybe trillions or turf years -- over 10 years. >> some models like closely at medicare, if a long time
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been widely understand. david: that medicaid in particular since its expansion after obamacare. >> sure. but, that would be a tremendous thing for doge folks to accomplish, i hope of they do it most of spending that congress authorized if you want to take on program you have to change the architecture of the welfare state. that is the goal. it is not a massive cut, just slower growth to manage it as economy grows. david: you and i once talked about the spending during covid, by republican and democratic administration, one in particular that i believe that job of the one of job of the omb to do forensic accounting about where money is spent and does not show up. it was 189 billion in covid
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emergency spending, that went through to education, k-12 education, what happened to that? it clearly did not positively affect the test scores, they have been plummeting, the more money we spend on it. >> that is for sure. i don't know, but, i will say, about omb we will find in doge process, is that omb has a lot of doge in it every year they propose a lot of program cancelations and resessions, you know what happens, nothing, maybe this year will be different, that would be a good thing, it is understood that there are programs that are not working. they need to be eliminated it just never gets done. david: dog will we claw back -- doug will we claw back that money. >> no. >> really? >> it won't happen? >> all right. >> if it's out the door it's on the the door. >> da douglas
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