"KUDLOW" IS NEXT.
♪.
LARRY: HELLO, FOLKS, WELCOME TO
"KUDLOW," I’M LARRY KUDLOW.
I KNOW A LOT OF PEOPLE ARE
TALKING ABOUT JOE BIDEN’S
ULTRABRIEF INTERVIEW YESTERDAY
WITH VARIOUS QUESTIONS ON
RECESSION, INFLATION, HIS SON
HUNTER, ARMAGEDDON, SAUDI OPEC
AND OTHER MATTERS THAT HE
BASICALLY REFUSED TO ANSWER.
YOU JUST CAN’T DO THOSE THINGS
IN 15 MINUTES BUT OF COURSE
PRESIDENT BIDEN DOESN’T WANT TO
DO THEM IN THE FIRST PLACE BUT
THERE WAS ANOTHER INTERVIEW
MONDAY THAT WAS MUCH MORE
REVEALING AND IMPORTANT IN MY
VIEW AND THAT WAS JPMORGAN CEO
JAMIE DIMON IN LONDON, ABOUT THE
BIDEN ADMINISTRATION HUGE
MISTAKES AND THEIR FALL LURE TO
PRODUCE MORE OIL AND GAS.
MR. BIDEN BASICALLY BLASTED
BIDEN ON ENERGY AND I QUOTE,
AMERICA SHOULD HAVE BEEN PUMPING
MORE OIL AND GAS.
WE SHOULD HAVE GOTTEN THAT RIGHT
STARTING IN MARCH AT THE START
OF THE RUSSIAN INVASION OF
UKRAINE.
DIMON SAID THE BIDEN
ADMINISTRATION DROPPED THE BALL
BY NOT SIGNIFICANTLY BOOSTING
OUTPUT.
HE SAID, I WILL QUOTE, OBVIOUSLY
AMERICA NEEDS TO PLAY A REAL
LEADERSHIP ROLE.
AMERICA IS THE SWING PRODUCER,
NOT SAUDI ARABIA.
THEN HE CAPPED OFF HIS BIDEN
BLAST WITH THIS, QUOTE, I WOULD
PUT IT IN THE CRITICAL CATEGORY.
THIS SHOULD BE TREATED ALMOST AS
A MATTER OF WAR AT THIS POINT.
NOTHING SHORT OF THAT.
HE COMPARED THE RUSSIAN INVASION
OF UKRAINE TO THE JAPANESE
ATTACK ON PEARL HARBOR BACK IN
1941 AND SOVIET INVASION OF
CZECHOSLOVAKIA IN 1968.
QUOTE, IT IS PEARL HARBOR,
CZECHOSLOVAKIA, AND REALLY AN
ATTACK ON THE WESTERN WORLD.
WELL, FOLKS IF YOU HAVE ALREADY
READ THESE CLIPS FROM
MR. DIMON’S INTERVIEW GOOD FOR
BUT I THINK IT IS WORTH
REPEATING.
HE IS AMERICA’S LEADING BANKER.
ONE OF THE MOST FAMOUS
BUSINESSMEN IN THE ENTIRE WORLD.
THE BANK HE RUNS IS A SUPERB
ENTERPRISE ONE YOU MAY RECALL
REFUSED BAILOUT MONEY DURING THE
FINANCIAL MELTDOWN OF 2008.
NOW I HAVE KNOWN JAMIE FOR MANY
YEARS, ALWAYS RESPECTED HIS
VIEWS.
I’M NOT REALLY TALKING POLITICS
HERE.
I’M TALKING ABOUT THE SAGE
ADVICE OFFERED BY OUR LEADING
BANKER.
IN THIS PERIOD OF CORPORATE WOKE
MANSHIP IT IS VERY REFRESHING TO
HEAR PLAINSPOKEN COMMON SENSE.
I WILL SAY OUTSIDE OF THE
RADICAL EXTREMIST GLOBAL WARMING
CROWD, THE VAST MAJORITY OF MEN
AND WOMEN WHO GO TO WORK EVERY
DAY IN THIS COUNTRY WOULD AGREE
WITH JAMIE DIMON.
NOW, THAT DOESN’T MEAN THE VAST
MAJORITY OR MR. DIMON IS OPPOSED
TO RENEWABLE FUELS, OR DENY
THERE IS LONG-RUN CLIMATE ISSUES
THAT NEED TO BE TACKLED, FOR
EXAMPLE, BY TECHNOLOGY OR
INNOVATION.
BUT TO SIT THERE AND WATCH
VLADMIR PUTIN USE THE OIL WEAPON
IN HIS MEG LA MANIA INVASION OF
UKRAINE OR WATCH THE SAUDIS HOLD
US OVER A BARREL BECAUSE BIDEN’S
TURNING OFF THE FOSSIL SPIGOTS
HERE, HAS ALLOWED THEM TO AGAIN
BECOME THE WORLD’S SWING
PRODUCER, WELL THAT IS SOMETHING
I THINK WOULD ANGER SENSIBLE
AMERICANS.
IT IS NOT ABOUT REPUBLICANS OR
DEMOCRATS.
IT IS ABOUT COMMON SENSE WHICH
IS WHAT BUSINESSMAN BANKER DIMON
IS GETTING AT.
THAT IS WHY I THINK WHAT HE SAID
IS SO IMPORTANT.
LOOK WE KNOW THAT THE BIDEN
ENERGY POLICY HAS BUNGLED FROM
THE VERY BEGINNING, WHETHER
CANCELING THE KEYSTONE PIPELINE,
ENDING PERMITS, LEASES,
PIPELINING IN GENERAL, NO LNG
TERMINALS, GASOLINE REFINERIES
ET CETERA, ET CETERA, LITERALLY
TURNING OFF THE SPIGOTS BY
PROBABLY THREE MILLION BARRELS A
DAY HAS NOT SIMPLY JACKED UP
INFLATIONARY PRICES BUT HAS
DAMAGED OUR ECONOMIC AND OUR
NATIONAL SECURITY.
FURTHER, FOR ELECTION-BUYING
VOTE REASONS BIDEN IS ABOUT 50%
DEPLETED OUR STRATEGIC PETROLEUM
RESERVE WHICH YOU MAY RECALL WAS
INSTITUTED ABOUT 50 YEARS AGO TO
PROTECT AGAINST ANOTHER ARAB OIL
EMBARGO THAT JEOPARDIZED
AMERICAN SECURITY, REMEMBER
THAT?
BIDEN’S POLITICAL PRICE FIXING
TO BRING GASOLINE DOWN BY A BUCK
OR SO IS SO TRANSPARENTLY
CORRUPT, WITH NOT A CARE IN THE
WORLD ABOUT OUR DEFENSE.
YES OF COURSE JAMIE DIMON WAS
RIGHT.
THAT AT THE VERY BEGINNING OF
THE RUSSIAN INVASION OF UKRAINE
BIDEN SHOULD HAVE CHANGED
POLICIES AND STARTED PRODUCING
MORE OIL AND GAS.
OF COURSE I WOULD SAY BIDEN
NEVER SHOULD HAVE CLOSED DOWN
THE SPYING BOTTOMS IN THE FIRST
PLACE.
FORMER PRESIDENT TRUMP LEFT HIM
WITH A DOMINANT AMERICA FIRST
POSITION WHICH BIDEN THREW AWAY
WITH HIS OBSESSION WITH THE
GREEN NEW DEAL.
AS FAR AS JAMIE DIMON’S WAR
FOOTING, NOBODY SHOULD ARGUE
AGAINST THAT METAPHOR.
HE MAY BE TOO HUMBLE TO SAY IT
BUT I WILL CALL HIM AN AMERICAN
PATRIOT.
I KNOW HIM WELL.
JAMIE WAS RIGHT AT THE VERY
BEGINNING OF THE RUSSIAN
INVASION BIDEN SHOULD HAVE
CHANGED POLICIES AND STARTED
PRODUCING MORE OIL AND GAS.
OF COURSE I WOULD SAY BIDEN
NEVER CLOSE DOWN THE SPIGOTS IN
THE FIRST PLACE BUT THE BIDEN
CROWD DOESN’T LIKE BUSINESS
PEOPLE.
THEY DON’T LIKE BANKERS.
THEY DO LIKE CENTRAL PLANNING
AND THEY LIKE PRICE CONTROLS.
SO I WOULD SAY WE NOT ONLY HAVE
A WAR FOOTING REGARDING GLOBAL
ENERGY SECURITY, WE HAVE A WAR
FOOTING DOMESTICALLY TO STOP
THE DRIFT TOWARDS SOCIALISM.
WHICH BRINGS ME TO JAMIE DIMON’S
LAST QUOTE IN THIS INTERVIEW.
LET ME QUOTE, THIS IS THE CHANCE
TO GET OUR ACT TOGETHER AND TO
SOLIDIFY THE WESTERN, FREE,
DEMOCRATIC, CAPITALIST, FREE
PEOPLE, FREE MOVEMENTS, FREEDOM
OF SPEECH, FREE RELIGION, FOR
THE NEXT CENTURY.
END QUOTE.
WHAT DO I SAY?