CAN FORCE UNIONS TO SIGN ON TO
THE AGREEMENTS.
ELIZABETH: EDWARD LAWRENCE
TERRIFIC STUFF.
LOOK WHO IS BACK WITH US.
HE IS THE HOST OF FOX BUSINESS,
HE IS LARRY KUDLOW.
FOX BUSINESS’S THE "KUDLOW"
SHOW.
YOU HAVE BEEN TALKING ABOUT THE
RAIL STRIKE.
WE THOUGHT BIDEN HAD A DEAL
BEFORE THE MIDTERMS.
WHAT IS GOING ON?
>> WELL I GUESS THE DEAL GOT
BROKEN AT LEAST TEMPORARILY.
I HAVE TO TELL YOU, LOOK, ANY
RAILROAD STRIKE WOULD BE A
DISASTER FOR THE ECONOMY, WHICH
IS NOT IN GREAT SHAPE TO BEGIN
WITH BUT I’M A CYNIC HERE.
I THINK THE BIDEN WHITE HOUSE IS
GOING TO GIVE THE WORKERS
EXACTLY WHAT THEY WANT.
I DON’T KNOW ALL THE DETAILS
ABOUT THIS.
READING IN THE EDITORIALS OF
"THE WALL STREET JOURNAL" THIS
MORNING IT SOUNDS LIKE SICK
LEAVE OR PAID LEAVE.
THEY’RE VERY HANDSOME WAGE
INCREASES INVOLVED HERE AND BACK
PAY IS GOING TO COME IN VERY
QUICKLY OR ALMOST IMMEDIATELY.
BUT I JUST THINK THE BIDENS ARE
GOING TO GIVE THE UNIONS
WHATEVER THEY WANT.
THAT’S MY TAKE ON IT.
I DON’T THINK THERE IS GOING TO
BE A STRIKE.
ELIZABETH: LET’S LISTEN TO THE
PRESIDENT TOUT THIS BEFORE THE
MIDTERMS.
WATCH THIS.
PRESIDENT BIDEN: THIS AGREEMENT
IS A BIG WIN FOR AMERICA.
TOGETHER WE REACHED AN
AGREEMENT, YOU REACHED AN
AGREEMENT THAT WILL KEEP OUR
CRITICAL RAIL SYSTEM WORKING AND
AVOID DISRUPTIONS OF OUR ECONOMY
AND THIS IS A WIN FOR TENS OF
THOUSANDS OF RAIL WORKERS AND
FOR THEIR DIGNITY.
ELIZABETH: WELL, LARRY, IT ALL
FELL APART.
IT COULD BE $2 BILLION A DAY,
LARRY.
SO THERE IS THAT.
LARRY, THERE IS ALSO THIS, THE
SUPREME COURT IS LETTING
CONGRESS SEE DONALD TRUMP’S TAX
RETURNS.
THERE IS THAT.
BUT AT THE SAME TIME, LARRY
YOU’VE BEEN TALKING ABOUT THIS
THE OIL AND HEATING PRICES ARE
GOING UP, BIDEN QUIETLY ASKED
CONGRESS FOR HALF A BILLION
DOLLARS MORE IN EMERGENCY
FUNDING TO FIX THE STRATEGIC OIL
RESERVES HE DRAINED AT HISTORIC
LOWS.
THERE IS JUST 25 DAYS LEFT OF
DIESEL IN THERE.
>> YEAH, SO I WOULD GIVE HIM THE
MONEY FOR THE INFRASTRUCTURE BUT
I WOULD ONLY GIVE HIM THE MONEY
IF BIDEN AGREES TO A NEW BILL
THAT WILL ALLOW PERMITTING AND
FRACKING AND PIPELINING AND NEW
REFINERIES, OKAY?
IT SHOULD BE HR-1.
OPEN THE SPIGOTS FOR FOSSIL
FUELS.
OPEN THE SPIGOTS FOR OIL AND
NATURAL GAS.
AGAIN, FRACKING, PERMITTING AND
PIPELINES.
I MEAN LOOK IT, SO MUCH OF THIS
IS AFFECTING THIS COUNTRY.
HOME HEATING OIL IS SHOOTING UP
AT RECORD HIGHS.
PEOPLE ARE GOING TO HAVE A VERY
COLD WINTER PARTICULARLY IN THE
NORTHEAST.
THIS IS CRAZY.
THE GUY WRECKS THE STRATEGIC
PETROLEUM RESERVE, ALMOST HALF
OF IT HAS BEEN DRAWN DOWN,
RUINING OUR ENERGY SECURITY AND
OUR NATIONAL SECURITY.
WE’RE MORE AND MORE DEPENDENT ON
THE SAUDIS, RIGHT?
WHICH WE SHOULDN’T BE BECAUSE WE
WERE THE DOMINANT OIL PLAYER
ONLY A FEW YEARS AGO WHEN
PRESIDENT TRUMP WAS STILL IN
OFFICE AND NOW BIDEN WANTS TO
HELP THE INFRASTRUCTURE OF THE
PETROLEUM RESERVE.
THIS IS NONSENSE.
HR-1, THE SINGLE BEST THING
REPUBLICANS IN THE HOUSE CAN DO
IS PERMITTING BILL.
ELIZABETH: PERMITTING BILL.
>> OTHERWISE I GIVE HIM NOTHING
ABSOLUTELY NOTHING.
ELIZABETH: ABSOLUTELY NOTHING.
OKAY, WE HAVE A TRUCKER SHORTAGE
OF 80,000.
WE NEED TRUCKERS TO DELIVER
HOUSEHOLD GOODS AND GROCERIES
AND FUEL.
THIS FEELS DIRECTIONLESS AND
AIMLESS WHAT IS GOING ON WITH
THE WHITE HOUSE.
TO YOUR POINT, "AXIOS" IS
REPORTING MORE AMERICANS WILL
EAT OUT AT RESTAURANTS IN
THANKSGIVING BECAUSE IT IS
CHEAPER THAN GROCERIES AT HOME.
LARRY, THIS STUNNING FINDING,
SHOW THIS DATA FROM THE FEDERAL
RESERVE.
LARRY, THE SAVINGS OF AMERICANS
JUST DROPPED TO $626 BILLION.
THAT IS A THIRD OF 1.5 TRILLION
OF SAVINGS AT THE END OF 2019
UNDER TRUMP.
WHAT HAPPENED TO ALL THE
STIMULUS COVID SPENDING?
>> YEAH, WELL, LOOK, TO SOME
EXTENT THAT, THE EMERGENCY
SPENDING IS OFF THE BOOKS.
DIDN’T DO ANY GOD.
MORE PEOPLE ARE NOT WORKING
TODAY, I MEAN THERE ARE SEVEN
MILLION PEOPLE BETWEEN 25 AND 55
WHO ARE NOT WORKING ACCORDING TO
OFFICIAL STATS.
IT MAY BE A LOT HIGHER THAN THAT
BUT, LIZ, YOU MENTIONED
TRUCKING, OKAY?
TRUCKING IS A VERY DANGEROUS WAY
OF TRANSPORTING OIL OR NATURAL
GAS AND RAILROADS ARE A VERY
DANGEROUS WAY.
THE SAFEST WAY IS PIPELINES.
ELIZABETH: RIGHT.
>> FROM DAY ONE BIDEN STOPPED
THE KEYSTONE PIPELINE, AND, HIS
ENERGY AND INTERIOR DEPARTMENTS
HAVE STOPPED VIRTUALLY ALL OTHER
PIPELINE BUILDING.
AGAIN I COME BACK TO THIS
REQUEST, THEY WANT $500 MILLION
TO REBUILD THE INFRASTRUCTURE
FOR THE PETROLEUM RESERVES?
FINE.
MAKE IT PART OF A PERMITTING
BILL WHICH SCHUMER AND BIDEN SAY
THEY PROMISED JOE MANCHIN AFTER
JOE MANCHIN DOUBLE-CROSSED
EVERYBODY FOR HE WENT FOR THE
SO-CALLED MISNAMED
INFRASTRUCTURE BILL.
ELIZABETH: GET THE PIPELINES IN.
GET THE PIPELINES IN THERE.
BECAUSE LARRY, GET PIPELINES IN
THERE.
>> LIZ, LIZ, HANG ON, GET ALL
PERMITTING, YES, PIPELINES, BUT
ALSO FOR FRACKING AND BUILDING
NEW REFINERIES.
>> WE GOT TO GO.
LARRY WE WANT YOUR REACTION TO
AMERICANS OUT THERE.
YOU’RE IN TOUCH WITH WHAT IS
GOING ON WITH PEOPLE OUT THERE,
THE FOLKS OUT THERE.
WE’LL SEE WHAT AMERICANS ARE
SAYING, WE WANT YOUR REACTION TO
THE PRESIDENT BLAMING INFLATION
ON NICKEL AND DIME HIDDEN FEES
AND MOM-AND-POP GAS STATIONS.
LARRY, LISTEN TO THIS, WATCH.
>> MIGHT BE LESS EXPENSE SIEVE
TO GO OUT TO EAT ACTUALLY.
>> PRICE OF EGGS ARE EXPENSIVE.
MEAT AN CHEESE ARE EXPENSIVE.
>> FOOD PRICES ARE OUTRAGEOUS.
>> IT IS HARD.
WE’RE WALKING PLACES.
WE’RE EATING DOLLAR 50 SLICES.
>> WE’RE CUTTING BACK ON
EVERYTHING.
>> I AM A COLLEGE STUDENT.
I COULDN’T GO HOME FOR BREAK.
PRESIDENT BIDEN: LURE ALLOWED TO
STEAL A PUMPKIN IF YOU WANT TO.
THE MAIN PROBLEM IS NOT ARE UP,
PACKAGED GOODS, PACKAGED GOODS.
YOU WILL NOT SEE PEOPLE BUYING
KELLOGG’S RAISIN BRAND, BUYING
OTHER RAISIN BRAN IN A.
JUNK FEES ARE HITTING FAMILIES
WHEN THEY CAN’T AFFORD IT.
THIS WEEK WE SAW THE PRICE OF
GROWTH AND BUSINESSES TO PAY FOR
BUSINESSES AND SERVICES TO COME
DOWN AND WELL.
GAS STATIONS ARE SETTING PRICES
AT THE PUMP.
BRING UNDO THE PRICES YOU’RE
CHARGING TO REFLECT THE COST YOU
PAY FOR THE PRODUCT.
DO IT NOW.
I CALL ON THE COMPANIES TO PASS
THIS ALONG, EVERY PENNY OF THIS
18 CENTS REDUCTION TO THE
CONSUMERS.
>> MOST AMERICANS WOULDN’T TRUST
PRESIDENT BIDEN TO SALT THE
FRIES AT McDONALD’S.
ELIZABETH: THAT WAS SENATOR
JOHN KENNEDY.
LARRY WHO IS IN THE PRESIDENT’S
EAR PUTTING HIM ON CAMERA SAYING
THESE THINGS SO OAF THE WALL?
CECELIA ROUSE, RON KLAIN,
REPORTEDLY MAY LEAVE NEXT YEAR.
YELLEN BY 2024.
WHO IS ADVISING THE PRESIDENT
TELLING HIM ALL THESE THINGS?
>> WELL, THAT IS AN INTERESTING
QUESTION, LIZ.
I DON’T KNOW THAT QUESTION.
ELIZABETH: I LOVE PUTTING YOU ON
THE SPOT.
>> THE PEOPLE, THE PEOPLE YOU
MENTIONED FOR THE DIFFERENT
COUNCILS I USED TO RUN ONE OF
THOSE COUNCILS, THEY’RE NOT
TELLING HIM THE TRUTH.
I ACTUALLY DON’T KNOW WHAT HE
WAS TRYING TO SAY BUT GO STEAL A
PUMPKIN, LIZ MacDONALD, GO
AHEAD.
GO STEAL A PUMPKIN.
NO CASH, NO BAIL.
LOOK IT, INFLATION IS THE
CRUELEST TAX OF ALL.
FOOD PRICE INFLATION IS OFF THE
WALL AND DON’T FORGET, HERE, THE
LINKAGE BETWEEN FOSSIL FUELS,
FERTILIZERS AND FOOD PRICES,
OKAY?
THIS IS ANOTHER EXAMPLE OF WHY
IT IS SO CRUCIAL TO OPEN THE
SPIGOTS FOR OIL AND GAS AND
BIDENS DON’T MAKE THAT
CONNECTION.
THEY DON’T MAKE ANY CONNECTION
AND THEY’RE TOO BUSY GIVING
REPARATIONS TO POORER COUNTRIES
SO THEY WON’T USE OIL AND GAS
WHICH IS STILL THE MOST
EFFICIENT FORM OF ENERGY.
THIS IS A CRAZY STORY.
EVERY QUESTION YOU ASKED ME, I
SHOULD JUST SIT HERE AND SAY,
THIS IS THE A CRAZY STORY.
THIS IS A SAME STORY.
ELIZABETH: I’M SORRY I PUT YOU
ON THE SPOT. >> THE SOLUTION IS SO SIMPLE.
>> THE SOLUTION IS SO SIMPLE.
OPEN THE SPIGOTS FOR FIZZLE.
ELIZABETH: LIKE FOLLOWING A GNAT
IN A HURRICANE.