IN POLICIES FROM THIS PRESIDENT.
SEAN?
SEAN: EDWARD, THANK YOU.
HERE NOW IS FORMER REAGAN
ECONOMIC ADVISER, THE GREAT ART
LAFFER.
ART, GOOD TO SEE YOU.
ALWAYS LOOKING HANDSOME.
>> GOOD TO SEE YOU, SEAN.
[LAUGHTER]
SEAN: THANK YOU.
>> THANKS.
SEAN: YOU HAVE JOE BIDEN TALKING
ABOUT MAKING PROGRESS.
HE’S TALKING ABOUT HIS OPTIMISM
ON THE ECONOMY, AND HERE THE
AMERICAN CONSUMER, THE AMERICAN
FAMILY IS LOSING 8.5% OF THEIR
SALI -- SALARY BECAUSE OF JOE
BIDEN’S POLICIES.
>> YEAH.
SEAN, MAKING PROGRESS IS MUCH
WORSE THAN WHEN HE CAME IN,
FIRST CAME IN, AND THINGS AREN’T
GETTING BETTER, THEY ARE GETTING
WORSE.
THE STOCK MARKET’S DOWN A GREAT
DEAL WHICH IS THE HARBINGER OF A
BAD ECONOMY TO COME.
SO ALL OF THESE THINGS ARE
CHANGING BUT ALL IN THE WRONG
DIRECTION.
THIS IS NO STABILIZATION.
I THINK WE’RE IN FOR A BIG
DOWNTURN IN THE REAL ECONOMY AS
WELL.
I DON’T KNOW HOW FAR THIS MARKET
GOES.
BUT THEY NEED TO CHANGE
POLICIES, AND HAY NEED TO CHANGE
THEM RIGHT AWAY.
BUT, SEAN, AS YOU KNOW AND I
KNOW THEY’RE NOT GOING TO.
THEY’RE STUCK IN THE MUD.
THEY’RE SET IN -- I MEAN,
THEY’LL DOUBLE DOWN ON EVERY BAD
BET THEY’VE MADE, AND THAT’S
WHAT THEY’RE DOING.
SO THE ONLY WAY I CAN SEE US
CHANGING THIS WORLD IS BY
ELECTIONS.
AND, YOU KNOW, ELECTIONS HAVE
CONSEQUENCES, AND LET’S HOPE
THIS NOVEMBER THOSE CONSEQUENCES
MAKE IT VERY CLEAR TO THIS
ADMINISTRATION THAT THEY DON’T
LIKE, PEOPLE DON’T LIKE WHAT
THEY’RE DOING AND WE WANT A BIG
CHANGE.
THEN WE’LL HAVE EVEN A BIGGER
CHANGE IN 2024, AND THEN WE’RE
GOING TO BE IN, I THINK, A
WONDERFUL SITUATION AFTER THAT.
SEAN: YOU KNOW, I THINK YOU’RE
RIGHT.
ELECTIONS MATTER AND THEY HAVE
CONSEQUENCES, BUT I THINK IF
REPUBLICANS WIN, THEY’RE GOING
TO DO A LOT OF OVERSIGHT, THAT’S
TRUE, BUT THEY ALSO WOULD
CONTROL THE POWER OF THE PURSE.
YOU’RE NOT GOING TO HAVE THESE
MASSIVE, TRILLION DOLLAR BILLS
THAT FUNNEL MORE MONEY INTO THE
ECONOMY.
THAT’S A POSITIVE.
AND THEN YOU HAVE THE FED
RAISING RATES, IS THAT GOING TO
BE ENOUGH TO GET INFLATION UNDER
CONTROL AND THIS ECONOMY BACK ON
TRACK AT LEAST SLOWLY, ART?
>> WELL, I DON’T THINK THAT’LL
BE ENOUGH, NO.
I THINK WE NEED TO WAIT UNTIL
THE ELECTION, THEN REALLY DO
SOME VERY POSITIVE THINGS.
WE NEED TO STOP SPENDING.
WE NEED TO REDUCE DEBT AS A
SHARE OF GDP QUITE
SUBSTANTIALLY.
WE CAN DO ALL OF THOSE THINGS,
BUT WHAT WE NEED IS A STASIS
PERIOD WHERE WE’RE NOT FALLING
OFF THE EDGE OF A CLIFF ALL THE
A TIME.
WHAT I HOPE THE REPUBLICANS
DON’T DO, SEAN, AND IF I MAY
SAY, I HOPE THEY DON’T SEEK
REVENGE ON DEMOCRATS AND USE ALL
OF THIS OVERSIGHT TO GO AFTER
ALL THESE PEOPLE AND ALL THESE
DIFFERENT THINGS.
YOU KNOW, IT’S TIME FOR A LEVEL
HEAD.
WE DON’T NEED TO MAKE UP FOR ALL
THE BAD MISTAKES IN THE PAST,
HUNTER BIDEN AND ALL THESE
PEOPLE.
THERE’S NO REVENGE THAT WE NEED
TO DO.
WE NEED TO GO FORWARD AND
PROVIDE A VERY POSITIVE ECONOMY
FOR THE, FOR AMERICANS MANY
GENERAL AND NOT SEEK REVENGE ON
THE OTHERS, AND I HOPE WE DON’T
DO WHAT THE DEMOCRATS DID.
THEY GO AFTER EVERY ONE OF THESE
PEOPLE, DONALD TRUMP -- NO.
WESTERN ALL BE ALLOWED TO HAVE
OUR VIEWS, HAVE OUR SAYS AND --
SEAN: BUT, ART --
>> [INAUDIBLE]
SEAN: I AGREE WITH YOU ON
REVENGE, BUT I DO WANT TO SEE
TRANSPARENCY.
I WANT TO SEE TRANSPARENCY ON
BORDER, SEE TRANSPARENCY ON HOW
THE AMERICAN TAXPAYER DOLLAR HAS
BEEN SPENT, AND I WANT
TRANSPARENCY WHETHER HUNTER
BIDEN ACTUALLY LINKS TO JOE
BIDEN AND WHETHER HE’S
COMPROMISE PD.
THAT’S NOT REVENGE, THAT’S GOOD
GOVERNMENT.
BUT HERE’S MY CONCERN, WHEN I
RAN FOR OFFICE AND WHEN YOU
WORKED WITH RONALD REAGAN, YOU
WANTED TO MAKE PEOPLE’S LIVES
BETTER.
YOU WANTED TO IMPROVE THEIR
LIVES, MAKE HAIR FAMILIES
STRONGER.
AND -- THEIR FAMILIES STRONGER.
AND WE HAVE NEW POLLING THAT’S
TALKING ABOUT FAMILIES DON’T
HAVE ENOUGH MONEY WHEN THEY’RE
TRYING TO PUT FOOD ON THE TABLE.
THEY HAVE TO CUT OUT, 36% OF
AMERICANS SAY THEY HAVE TO CUT
OUT INGREDIENTS OF FOOD WHEN
THEY’RE COOKING.
AND YOU’VE ALSO CONSIDERED THE
FACT THAT ANOTHER THIRD ARE
CONCERNED ABOUT A LACK OF
ENERGY.
PEOPLE’S LIVES ARE GETTING
WORSE, ART, NOT BETTER.
I MEAN, YOU’VE GOT TO SOMETIMES
SUBSTITUTE ME OUT OF, OUT OF
YOUR -- MEAT OUT OF YOUR MEALS
BECAUSE YOU CAN’T AFFORD IT.
>> YEAH.
WE NEED TO GET A BETTER ECONOMY,
THAT’S FOR SURE.
AND IF YOU REMEMBER JIMMY
CARTER, I MEAN, I THINK BIDEN IS
EVEN WORSE THAN JIMMY CARTER IF
THAT’S POSSIBLE.
AND YOU KNOW WHEN REAGAN SAID
ARE YOU BETTER OFF THAN YOU WERE
FOUR YEARS AGO, WELL, THIS
MIDTERM ELECTIONS, ARE YOU
BETTER WITH OFF THAN YOU WERE
TWO YEARS AGO?
NO, YOU AREN’T.
THE ONE THING DONALD TRUMP DID,
HE FOR SURE GAVE US A GREAT
ECONOMY.
THE TAX CUTS AND JOBS ACT, ALL
THE UNEMPLOYMENT RATES AND
MINORITIES THAT WERE
DISENFRANCHISED, THE REVENUES
POPPED UP.
ALL OF THAT WAS DONALD TRUMP.
NOW, WE’VE GOT BIDEN.
THE QUESTION IS, WE NEED A
CHANGE BACK TO GOOD ECONOMICS,
AND GOOD ECONOMICS IS ALL WE
REALLY NEED.
ALL THESE OTHER PROBLEMS WILL
JUST COLLAPSE BEFORE OUR VERY
EYES WHEN WE HAVE GOOD
ECONOMICS, PROSPERITY AND
ECONOMIC GROWTH.
ALL OF IT WILL, AND THAT’S WHAT
WE NEED TO DO INSTEAD OF
FOCUSING ON THE PAST.
JEAN.
SEAN: BACK IN THE REAGAN ERA WE
REBUILT THE MILITARY, AND YOU
GUYS WORKED TO REBUILD THE
ECONOMY, A STRONG AMERICAN
ECONOMY PROJECTED STRENGTH THE
AROUND THE WORLD.
AND NOW YOU LOOK TODAY WITH A
BUMBLING PRESIDENT, YOU HAVE A
WEAK ECONOMY, AND WE HAVE THIS
CONFLICT, YOU KNOW, WITH RUSSIA
AND UKRAINE.
WHAT IMPACT DO YOU THINK THAT
THE AMERICAN ECONOMY AND THE
LACKLUSTER RECOVERY IN JOE
BIDEN’S INABILITY TO SOUND
STRONG ON THE GLOBAL STAGE IS
ACTUALLY THE IMPACTING, THOSE
THINGS TOGETHER, IMPACTING
RUSSIA’S AGGRESSION IN UKRAINE
AND IN OTHER PARTS OF THE WORLD?
>> YEAH.
LET ME JUST SAY THAT REAGAN’S
PROSPERITY COLLAPSED THE SOVIET
UNION.
THE THREAT OF WAR DROPPED
DRAMATICALLY UNDER REAGAN.
IF TRUMP WERE PRESIDENTED TODAY,
DO YOU THINK THE RUSSIANS WOULD
BE IN UKRAINE?
DO YOU THINK THERE’D BE A
PROBLEM BETWEEN CHINA AND
FORMOSA, TAIWAN?
I DON’T THINK SO.
I THINK IT’S THE WEAKNESS OF THE
BIDEN ADMINISTRATION, MY VIEW,
THAT CAUSED THE PROBLEMS.
IT WAS THE WEAKNESS OF JIMMY
CARTER THAT CAUSED THE OIL
EMBARGO, CAUSED THE IRAN HOSTAGE
CRISIS.
ALL OF THOSE WERE BY-PRODUCTS OF
WEAKNESS.
WE NEED A STRONG GOVERNMENT,
STRONG COUNTRY, LOW TAXES, SOUND
MONEY, PRIX TRADE AND THEN GO.
-- FREE TRADE AND THEN GO.
WE’LL GET IT.
WE WILL GET IT, I GUARANTEE YOU,
IT JUST MAY TAKE A WEEK OR TWO.
JUST JOKING.
SEAN: YOU ALWAYS MAKE SO MUCH
SENSE.
ALWAYS SO SMART.
I APPRECIATE IT.