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LARRY: HELLO, WELCOME TO
"KUDLOW" I AM LARRY KUDLOW.
JUST A QUICK WORD BEFORE I GET
TO THE BUDGET AND THE ECONOMY.
MY CONGRATULATIONS TO KYLE
RITTENHOUSE FOR HIS
ACROSS-THE-BOARD ACQUITTAL AND
COMPLETE EXONERATION OF ALL
CHARGES.
IN THIS COUNTRY THANKFULLY THE
RIGHT OF SELF-DEFENSE IS
PROTECTED BY THE CONSTITUTION
AND GOOGLE PART OF THE RULE OF
LAW.
IN THIS DIFFICULT TRIAL JUSTICE
WAS DONE.
MY HATS OFF TO THE JURY TO
PERFORM THEIR CIVIC DUTY
SERIOUSLY IN THE FACE OF THREATS
TO THEIR WELL-BEING.
I ALSO WANTED TO MY HAT TO THE
JUDGE FACING THREATS TO HIS
WELL-BEING IN A TOUGH BUT FAIR
COURTROOM.
IN A FEW MOMENTS WILL TALK TO
WISCONSIN SENATOR RON JOHNSON
ABOUT THE TRIAL AND IN THE
BUDGET.
ON THE BUDGET STORY WE KNOW THE
TRIPLE B, I CALL IT BANKRUPT,
BENEFIT AND BUREAUCRACY BILL IS
A DISASTER FOR THE ECONOMY.
IT SHOULD BEEN KILLED WE SHOULD
SAVE AMERICA AND KILL THE BILL.
AS FOR THE C.B.O. SCORECARD THEY
ARE DONE WITH THE DEMOCRATIC
HOUSE MASTERS ORDERED THEM TO DO
BUT THE SCORING IS A COMPLETE
GIMMICK PRONE SCAM.
A ONE OR TWO-YEAR PHASEOUT FOR
ENTITLEMENT AND TRANSFER THAT
SHOULD BE SCORED AS TEN YEARS
BECAUSE THAT’S THE POLITICAL
INTENT OF THE BIG GOVERNMENT
SOCIALIST.
MEANWHILE THERE ARE TEN YEARS OF
TAXES THEY HAVE FOUND THEIR WAY
INTO THE BILL IN INTO THE
SCORING.
I CANNOT BLAME C.B.O. BECAUSE
ARE DOING WHAT THEY WERE TOLD TO
DO BUT I BLAME THE LEFT-WING
PROGRESSIVES THAT WERE BEHIND
US.
BY THE WAY THE U.S. PUBLIC SEES
RIGHT THROUGH THIS WHOLE SCAM.
THEY KNOW FULL WELL THAT THERE
IS REALLY $5 TRILLION IN
SPENDING THAT IS INTENDED BY THE
WOKE PROGRESSIVE NOT
1.6 TRILLION BUT 5 TRILLION IN
THE PHONY BALONEY ESTIMATES OF
$367 BILLION DEFICIT WITH A
COUPLE OF HUNDRED BILLION PHONY
IRS TAX CHEATING REVENUE ALL TO
A PHONY DEFICIT OF $160 BILLION.
IT DOES NOT PAY FOR THE WHOLE
PACKAGE AS PROPOSED BUT ALL OF
THE CRAZY BUDGET NUMBERS AMOUNT
TO ALL WE AND NO CATTLE.
THERE IS NO MEETING WHATSOEVER.
IT IS THE UNDERLYING POLICIES THAT MATTER.
THAT MATTER.
THOSE POLICIES ARE TERRIBLE.
FROM PENN MORTON OF THE
COMMITTEE FOR RESPONSIBLE
FEDERAL BUDGET ARE CERTAINLY NOT
SUPPLY-SIDE SHOPS BUT THEIR
MODELING GET YOU TO $5 TRILLION
OF SPENDING, GIVING RAGING
INFLATION WHICH I FEAR IS IN A
NEW TAKEOFF PHASE, YET MASSIVE
FEDERAL SPENDING, MASSIVE MONEY
PRINTING, WE TRULY HAVE TOO MUCH
MONEY CHASING TOO FEW GOODS AS
MILTON FREEDMAN PUT IT SEVEN
DECADES AGO.
POLLS SHOW INFLATION AS PUBLIC
AMENITY NUMBER ONE AND VOTERS
IDENTIFY BIG GOVERNMENT SPENDING
WITH RISING INFLATION.
WILL ALL THEIR GIMMICKS AND
TRICKERY AND JIU-JITSU POLICY TO
HIDE THE TRUTH.
THIS IS GOOD BECAUSE DEMOCRATIC
HOUSE MEMBERS MAJOR LOSSES IN
NEXT YEAR’S MIDTERM ELECTION.
SPEAKING OF A NEW REPUBLICAN
HOUSE.
REPUBLICAN LEADER KEVIN MCCARTHY
GAVE A BRILLIANT SPEECH LAST
NIGHT.
I THOUGHT IT WAS ABSOLUTELY
BRILLIANT.
THE SINGLE BEST SPEED FROM THE
REPUBLICAN CAN LEADER IN AT
LEAST THREE DECADES.
TAKE A LISTEN TO SOME OF IT.
>> FROM BANK SURVEILLANCE TO
BAILOUTS.
THIS BILL TAKES THE PROBLEMS
PRESIDENT BIDEN AND DEMOCRATIC
PARTY CREATED AND MAKES THEM
MUCH, MUCH WORSE.
>> HOW CAN YOU LOOK YEARS
CONSTITUENTS IN THE EYE WITH ONE
PARTY RULE IN ONE YEAR YOU
CREATED AND INFLATION WE HAVEN’T
SEEN IN 31 YEARS.
YOU MAKE GAS PRICE HIGHER THAN
SEVEN.
YOU’RE PASSING A BILL BECAUSE
AMNESTY TO ILLEGALS, YOU’RE
CHARGING MORE THAN $5 TRILLION
OF THIS BILL.
MORE THAN 2000 PAGES.
ENOUGH.
LARRY: ENOUGH, SPOT ON.
HERE’S A FEW THINGS AMONG A SLEW
OF TERRIFIC POLICY POINTS THAT
MR. MCCARTHY TALKED ABOUT,
WELFARE WITHOUT WORK FAIR,
HIGHER ENERGY COSTS WITH THE
GREEN NEW DEAL, BIGGER INFLATION
TAX ON THE MIDDLE CLASS.
IRS SNOOPING IN YOUR BANK
ACCOUNTS AND NEW AGENTS ROAMING
AROUND THE COUNTRY TRYING TO
FIND ALLEGED TAX CHEATS.
THE FEDERAL GOVERNMENT TRYING TO
REPLACE FAMILIES AND PARENTS
WHETHER IT’S CHILD-REARING OR
EDUCATION OR WORK.
MR. MCCARTHY TALKED ABOUT
LEFT-WING SOCIAL ENGINEERING AND
PRINTED MONEY LEADING TO MASSIVE
RUNAWAY INFLATION AND PAYING
PEOPLE NOT TO WORK.
IT WAS A SUPERB SPEECH.
I WILL JUST CONCLUDE WITH THIS
QUOTE.
REPUBLICANS BELIEVE THE FAMILY
IS THE FOUNDATION OF A STRONG
SOCIETY.
WE ALSO KNOW WORK ESTABLISH
PURPOSE.
THERE IS NO GOVERNMENT
SUBSTITUTE FOR A JOB IN AN
EARNED INCOME.
HATS OFF TO MR. KEVIN MCCARTHY.
SPEAKING OF TAXES.
KEVIN HAS IT’S GOING TO BE A
LAWYER A LITTLE BIT LATER.
MASSIVE TAX SITES WERE
UNDERLINED THE WHOLE SUPPLY-SIDE
OF THE ECONOMY.
ECONOMIC GROWTH INCENTIVES ARE
PUNISHED EVERYWHERE MINIMUM
CORPORATE TAX AT HOME, MINIMUM
CORPORATE TAX OVERSEAS, SIR
TAXES ON SUCCESSFUL LEARNERS.
SUCCESSFUL LEARNERS THAT MEAN
SMALL BUSINESS OWNERS WHO ARE
THE JOB CREATORS IN OUR ECONOMY.
THEN THERE IS TAX BURDEN ON
BUSINESS CAPITAL INVESTMENT THAT
IS VITAL FOR PRODUCTIVITY AND
HIGHER WAGES TO THE MIDDLE CLASS
LIKE NEW PLANS AND EQUIPMENT,
TECH ADVANCE WORKER TRAINING,
ALL OF THAT WILL BE SLAMMED BY
THE TAX HIKES, LONG-RUNNING
CAPITAL INVESTMENT COULD SHRINK
BY 8% ACCORDING TO THE PENN
WARDEN POTENTIAL GDP COULD FALL
BETWEEN A HALF PERCENT.
THE BIDEN BILL THAT FOREIGN
COUNTRIES DETERMINE AMERICAN
CORPORATE TAX BURDENS.
I ONCE WORKED FOR A PRESIDENT
WHOSE LAST NAME WAS TRUMP BUT
BELIEVED IN AMERICA FIRST AND
TOLD US MANY TIMES IN THE OVAL
THAT THE ONLY PEOPLE THAT COULD
DECIDE HOW TO TAX AMERICAN
BUSINESSES ARE AMERICAN VOTERS,
NOT FOREIGN GOVERNMENTS.
THEN THEY DO WELFARE PAYMENTS TO
ILLEGAL IMMIGRANTS, AMNESTY
MEASURES WITHOUT ANY REAL
IMMIGRATION REFORM AND THE BILL
STRIKES DOWN THE 45-YEAR-OLD
HYDE AMENDMENT THAT PROHIBITS
FEDERAL FUNDING OF ABORTIONS. ONCE AGAIN I WANT TO UNDERSCORE
ONCE AGAIN I WANT TO UNDERSCORE
THE DEBILITATING POLICY WHERE
TRANSFER PAYMENTS FROM WELFARE
NUTRITION UNEMPLOYMENT CHILD
ALLOWANCES, PAID LEAVE, PRE-K
AND OTHER AREAS ARE NOT EXCHANGE
FOR WORK.
THIS MAY BE THE MOST
DEBILITATING POLICY OF ALL TO
THE AMERICAN IDEAL.
SUMMING IT UP I WANT TO INVOKE
STEVE FORBES IDEA OF MODERN
SOCIALISM.
HE SAID ON THE SHOW A FEW NIGHTS
AGO.
THE GOVERNMENT DOESN’T
PHYSICALLY TAKE OVER STEEL MILLS
OR CAR FACTORIES LIKE THEY DID
DURING THE STALIN.
IN THE 1920s AND 30s.
MODERN SOCIALISM IS A HUMONGOUS REGULATORY OVERREACH THAT
REGULATORY OVERREACH THAT
CONTROLS ALL INDUSTRIES LIKE
BANKING, OIL, GAS, HEALTHCARE
AND MANY, MANY OTHERS.
THIS MONSTROSITY BE STOPPED IN
THE SENATE?
IT IS A BIG QUESTION, I SURE
HOPE SO IN-DEPTH COURSE WHETHER
JOE MANCHIN WILL STAND HIS
GROUND ON INFLATION.
INFLATION HAS MOVED FROM 2 - 4
TO 6% AND NOW PERHAPS 8%.
MR. MANCHIN HAS SAID NO MORE
SPENDING HE’S CALLING FOR A
PAUSE AT LEAST UNTIL INFLATION
STARTS COMING DOWN.
JANET YELLEN SAYS INFLATION
ISN’T UNTIL THE SECOND HALF OF
NEXT YEAR AT THE EARLIEST.
MY POINT IS SIMPLE, NOT ONLY
MANCHIN IN SINEMA STOP WELFARE
WITHOUT WORK.
STOP DESTROYING FOSSIL FUELS AND
ENERGY ECONOMY, STOP CRIPPLING
TAX HIKES BUT THEY NEED TO FIGHT
FOR A COMPLETE PAUSE IN NEW
SPENDING.
A TOTAL PAUSE IN THE SPENDING AT
LEAST UNTIL THE SECOND HALF OF
NEXT YEAR, THERE SHOULD BE NO
NEW SPENDING AT ALL.