VOLATILE DAY CLOSE HIGHER.
LARRY: HELLO, FOLKS, WELCOME
TOWARD LOW, I’M LARRY KUDLOW.
SO JUST WHEN YOU THINK YOU’RE
NEVER GOING TO HEAR FROM HER
AGAIN, VICE PRESIDENT KAMALA
HARRIS POPPED UP AT A TALK AT
BUOY STATE HERE IN MARYLAND.
AFTER WHAT SHE SAID, MOST FOLKS
WISH SRI DIDN’T HEAR WHAT SHE
SAID.
LIKE HER BOSS, HARRIS NOT
CAPABLE OF TELLING THE TRUTH
ABOUT THE ECONOMY.
BIDEN ADMINISTRATION DONE A
GREAT JOB LOWERING HEATING,
ELECTRICITY BILLS AND THAT IS
FREEING UP THINGS FOR FOLKS TO
SPEND ON SCHOOL SUPPLIES,
DISHWASHER, FAMILY VACATION.
THE TROUBLE IS HER FACTS ARE
WRONG.
THESE TO COIN A PHRASE ARE
UNTRUTHS.
OVER THE PAST YEAR LECH VEST IS
UP 12%, FUEL UP 28%, NATURAL GAS
UP 27%.
GASOLINE PRICES ARE UP A DOLLAR
A GALLON SINCE PRESIDENT BIDEN
TOOK OFFICE INAUGURATION DAY,
WHEN IT WAS $2.39.
THAT IS AAA NATIONWIDE.
TODAY IT IS $3.39.
THE PRINCIPLE REASON GAS PRICES
CAME DOWN FROM THEIR PEAK THE
BIDENS DESTROYED STRATEGIC
PETROLEUM RESERVE SELLING
ROUGHLY 1/3 OF THE THEIR AD AD
ADVENTURES IN PRE-ELECTION CALL
PRICEWATERHOUSECOOPERS FIXING.
LET’S HOPE THERE IS NO OPEC PLUS
OIL EMBARGO OR EMERGENCY IN THE
SOUTHWEST OR OTHER REGIONS IN
THE COUNTRY.
THE BIDENS WILLY-NILLY WAXED
"SPRO" AND HURT ENERGY AND
NATIONAL SECURITY.
IT IS HEIGHT OF
IRRESPONSIBILITY.
MISS HARRIS UNDOUBTEDLY NEGLECT
TO MENTION THAT AT HER SPEECH IN
BOWIE STATE.
I’M OBLIGED TO REMIND HER, THE
OVERALL INFLATION IS COMING
DOWN, IT IS THREE TIMES THE
FEDERAL RESERVE’S 2% TARGET.
REMEMBER WHEN THEY TOLD US THERE
WAS NO INFLATION?
THEN THEY TOLD US IT WAS
TRANSITORY.
FINALLY CAME JANET YELLEN’S
HOSTAGE VIDEO, TRUTH TELLING,
YES, MR. AND MRS. AMERICA, THERE
WAS AND INFLATION PROBLEM AND
THEN HER FORMER COLLEAGUES AT
THE FED PROCEEDED TO FREAK OUT
AS THEY STARTED JACKING UP
INTEREST RATES AT A PACE NOT
SEEN IN MANY DECADES.
BECAUSE OF THIS INFLATION SOME
FAMILIES ARE ESTIMATED TO HAVE
LOST AS MUCH AS 2250 BUCKS
PAYING HIGHER ENERGY COSTS SINCE
BIDEN TOOK OFFICE.
NOW I HATE TO FLOOD YOU WITH
NUMBERS, BUT IT IS REALLY VERY
SIMPLE.
OVERALL ENERGY ACCORDING TO THE
CONSUMER PRICE INDEX IS UP 32.8%
SINCE FEBRUARY 2021.
FUEL OIL UP 70%.
ELECTRICITY UP 23%.
UTILITY SERVICES UP 56%.
SORRY, MADAM VICE PRESIDENT, BUT
THESE ARE FACTOIDS.
AND THEN THERE’S FOOD.
SINCE FEBRUARY 2021 THE FOOD
PRICE COMPONENT OF THE CONSUMER
PRICE INDEX UP NEARLY 18%.
GROCERIES UP OVER 19%.
FOOD AWAY FROM HOME AT
RESTAURANTS UP 15%.
BUT WAIT, THERE IS MORE.
NEW CARS UP 19%.
USED CARS AND TRUCKS UP 24%.
PEEKING OF TRAVEL IF YOU CAN GET
ON A PLANE, AIRLINE FARES ARE UP
34%.
SO THIS WHOLE INFLATION STORY IS
REALLY VERY SIMPLE.
FOR THE PAST TWO YEARS AMERICANS
HAVE BEEN CLOBBERED.
ALTHOUGH THEY’RE WORKING HARD
AND THEY’RE GETTING PAID, AFTER
INFLATION AND TAXES ARE FACTORED
IN, TAKE-HOME PAY FOR TYPICAL
FAMILIES HAS BEEN GOING DOWN FOR
TWO BIDEN YEARS THAT IS THE SOFT
UNDERBELLY OF THE BIDEN-HARRIS
ECONOMY.
THAT IS WHY THE ECONOMY IN LAST
YEAR’S FIRST HALF DECLINED.
IT WAS AND INFLATION ATTACK.
NOW INFLATION IS EASING DOWN
SOME BUT IT IS GOING TO GO TAKE
ANOTHER COUPLE YEARS FOR THE FED
TO GET BACK TO 2%, AND THAT
ASSUMES THAT THE CENTRAL BANK
GETS SOME COOPERATION FROM THE
WHITE HOUSE AND CONGRESS.
OVERHEATED SPENDING HAS GOT TO
BE STOPPED.
WHILE NO ONE IS REALLY TALKING
MUCH ABOUT IT THE TRUMP TAX CUTS
WHICH ARE SLOWLY EXPIRING, WHICH
ALREADY HAVE BEEN UNDER SIEGE
FROM BIDEN FROM JOE BIDEN WHO
TURNED INTO BERNIE SANDERS,
SOMEBODY HAS GOT TO RENEW AND
MAKE THOSE TAX CUTS PERMANENT.
LOW MARGINAL TAX RATES WILL
REJUVENATE INCENTIVES TO WORK
AND INVEST.
THAT WILL HELP THE ECONOMY TO
GROW OUT OF BIDEN INFLATION
WHILE THE CENTRAL BANK CONTINUES
TO TAKE EXCESS CASH OUT OF THE
ECONOMY.
IT IS CALLED TAX CUTS AND
TIGHTER MONEY.
THAT WAS THE POLICY,
SUCCESSFULLY PURSUED, BY JFK THE
DEMOCRAT, AND RONALD REAGAN AND
DONALD TRUMP THE REPUBLICANS.
IT’S WINNER.
LET’S DO IT.
SAVE AMERICA, TELL THE TRUTH
BIDEN, HARRIS, SANDERS, AND