FOR US.
WE ALSO THANK MIKE TOBIN.
NOW WE’LL SWITCH OVER TWO OF MY
FAVORITE PEOPLE IN THE WHOLE
UNIVERSE, STEVE FORBES OF FORBES
MEDIA.
STEVE MOORE, COMMITTEE TO
UNLEASH PROSPERITY, FREEDOM
WORKS, ALL THAT IS GOOD IN THE
WORLD.
GENTLEMEN.
I WANT TO GO TO WHAT
NANCY PELOSI SAID WHICH IS
UTTERLY INSANE.
WHILE YOU WERE HERE YOU HEARD
THE BACK END OF THAT RIFF.
STEVE FORBES, ALL I’M ASKING
HERE JOE BIDEN ACT LIKE THE LEADER OF THE FREE WORLD.
LEADER OF THE FREE WORLD.
STOP YOU -- COWER BEING RUNNING
UNDERNEATH A DESK BECAUSE PUTIN
SABRE RATTLES.
>> PUTIN FEELS IF HE RAMPS UP
RHETORIC ENOUGH, RAMPS UP
PRESSURE ENOUGH BIDEN WILL BACK
DOWN.
WHAT BIDEN DID ON THE MiGS
REINFORCES THAT.
BIDEN HAS TO STOP REALIZING HE
IS A, NOT A PACIFIST.
HE HAS TO ASK LIKE FRANKLIN
ROOSEVELT IN WORLD WAR II,
CHURCHHILL, CHARLES DE GAULLE
WE’RE NOT IN CONTAIN, WE’RE IN
THE MODE TO WIN.
RUSSIA MUST BE DEFEATED AS YOU
SAID.
AMAZING THING UKRAINIANS CAN DO
IT IF THEY’RE GIVEN EQUIPMENT TO
DO THE JOB.
LARRY: 100%.
REMEMBER REAGAN SAID HIS
STRATEGY WAS WE WIN, YOU LOSE.
>> VERY SIMPLE.
LARRY: I LOVE THAT.
THAT’S WHAT WE NEED NOW, STEVE
MOORE, THE AMERICAN ECONOMY IS
$23 TRILLION.
RUSSIAN ECONOMY IS 1.5 TRILLION,
MAYBE, MAYBE.
RUSSIA, WE HAVE, HOWEVER
BELATEDLY SANCTIONS ON THEIR
CENTRAL BANK, STRIPPED THEIR
FOREIGN EXCHANGE RESERVES.
THE RUBLE HAS COLLAPSED, THE
JOKE WE WERE HAVING LAST WEEK,
WHAT IS THE DIFFERENCE BETWEEN A
RUBLE AND A DOLLAR?
THE ANSWER IS A DOLLAR.
>> I LIKE THAT ONE.
LARRY: FINAL HI GOT A LAUGH ON
THAT.
BEEN TRYING TO WORK THAT FOR A
WHILE.
I WANT BIDEN TO REMIND PUTIN OF
THE STRENGTH THAT WE HAVE,
REALLY ANY MARKET ECONOMY BUT
PARTICULARLY THIS U.S. AMERICAN
MARKET ECONOMY, EVEN WITH THE
DAMAGE THAT BIDEN HAS DONE TO IT
ON INFLATION AND FOSSIL FUELS,
WE ARE GOING TO WHIP THESE GUYS.
PUTIN HAS TO UNDERSTAND THAT.
>> TO QUOTE ANOTHER GREAT
STATESMAN, LARRY KUDLOW, YOU
ALWAYS SAID STRONG AT HOME,
STRONG ABROAD.
LARRY: YES.
>> IT IS ALSO REVERSE, WHEN
YOU’RE STRONG ABROAD YOU’RE
STRONG AT HOME AS WELL.
TAKING A TOUGHER STANCE ON THE
RUSSIA SITUATION WILL ACTUALLY
HELP THE AMERICAN ECONOMY.
LARRY: YOU KNOW WHAT?
YOU’RE ABSOLUTELY RIGHT.
THAT IS A VERY IMPORTANT POINT.
NOW YOU TAKE A LOOK AT THIS,
CALLING THIS NANCY PELOSI 101,
GENTLEMEN.
PLEASE TAKE A LISTEN.
>> WHEN WE’RE HAVING THIS
DISCUSSION IT IS IMPORTANT TO
DISPEL SOME OF THOSE WHO SAY
WELL, IT IS GOVERNMENT SPENDING.
NO IT ISN’T.
THE GOVERNMENT SPENDING IS DOING
EXACT REVERSE, REDUCING THE
NATIONAL DEBT IS NOT
INFLATIONARY.
>> THAT IS WHAT THEY BELIEVE.
BIDENNOMICS.
LARRY: YOU HEARD THAT, THAT
GOVERNMENT SPENDING REDUCES DEBT
AND INFLATION.
STEVE MOORE, YOU’RE TERRIBLY
SMART GUY.
CAN YOU WALK ME THROUGH THIS?
THIS --
>> WHY I WROTE THE BOOK,
GODZILLA.
IT IS ABOUT THE GOVERNMENT
GROWTH DESTROYING THE AMERICAN
ECONOMY.
LARRY: WHAT IS SHE TALKING
ABOUT?
>> THOSE ARE THE TALKING POINTS
THE PRESIDENT USES AS WELL.
THIS IS THE DEMOCRATIC NEW
MANTRA, WE CONTINUE TO SPEND,
BORROW, PRINT MONEY, IT WILL NOT
HAVE AN UNHAPPY ENDING.
I THINK SHE KIND OF MISSPOKE
SAID ALL THE EXTRA SPENDING
DOESN’T INCREASE THE DEFICIT.
OBVIOUSLY IT DOES BUT THEY’RE
HAVING A HARD TIME CONNECTING
THE DOTS BETWEEN THE
MULTITRILLIONS OF DOLLARS THEY
SPENT AND BORROWED, THAT FLOOD
OF MONEY, STEVE FORBES WROTE THE
BOOK ON INFLATION CAUSING PRICES
TO RISE AT A DRAMATIC PACE.
>> LIKE SAYING INFICTIONS ARE
NOT BAD FOR YOU.
IT IS PREPOSTEROUS, DAYS OF OLD
THEY WOULD BLEED YOU.
THEY WONDERED WHY IT GOT RID OF
THE PAIN FOR THE PATIENT BECAUSE
IT GOT RID OF THE PATIENT.
THAT IS WHAT SHE IS DOING TO THE
ECONOMY.
ALICE IN WONDERLAND,
NANCY PELOSI’S VERSION OF ALICE
IN WONDERLAND.
MAYBE SHE IS WRITING FOR
"SATURDAY NIGHT LIVE."
MAYBE SHY IS BEING STRAIGHT, I
DON’T KNOW.
LARRY: IT IS HARD TO SAY WITH A
STRAIGHT FACE.
STEP BACK FOR A MINUTE.
WE’LL GO TWO SEGMENTS, WE’LL
STICK AROUND, APPRECIATE YOU
COMING UP, MADE THE JOURNEY FROM
WASHINGTON DESEE, BUT LOOK, WE
TALKED ABOUT SAVING AMERICA,
KILLING THE BILL.
YOU GOT THAT DONE, JOE MANCHIN
WON ANOTHER ONE.
>> I SAW THAT HE WILL OPPOSE THE
FED NOMINEE,.
LARRY: BLOOM.
>> JOE MANCHIN, WAY TO BE.
SAVING THE COUNTRY.
LARRY: WOULD BE ON THE FED BE
TOP BANK REGULATOR.
>> PEOPLE NEED TO KNOW SHE IS
THE ONE WHO WANTS TO MAKE GREEN
ENERGY MANTRA FOR THE FED.
>> MAKE IT VIRTUALLY ILLEGAL FOR
THE FINANCIAL SYSTEM TO FINANCE
FOSSIL FUELS.
LARRY: PAT TOOMEY PULLED WALKOUT
OF ALL 11 I THINK REPUBLICAN
SENATORS SO THEY COULDN’T VOTE
ON THE BANKING COMMITTEE.
THEN ON A FLOOR VOTE, IT COULD
TAKE MANCHIN -- THEY WILL HAVE
TO WITHDRAW THE NOMINATION.
THEY DON’T HAVE THE VOTES ON THE
FLOOR.
SO THAT IS ONE GOOD THING.
CLIMATE CHANGE GOT HURT.
YOU WERE GOING TO SAY?
>> NO, JUST UNDERSCORES AGAIN
HOW UTTERLY UNRELATED PART OF
CONFERENCE WE HAD BEFORE, THE
DISCUSSION BEFORE ON MODERN
SOCIALISM.
THEY WILL TRY TO WRECK THE
FOSSIL FUEL INDUSTRY NOT THROUGH
REGULATION BUT MAKE IT ILLEGAL
FOR SURVIVING.
ESPECIALLY WILDCAT WHO NEED
FINANCING.
BIG COMPANIES CAN BUY BACK
STOCK.
YOU CAN INCREASE DIVIDENDS.
WE WON’T APPROVE OF IT BUT BY
GOLLY DON’T INVEST IN NEW
EXPLORATION, OR RAMP UP WELLS
YOU ALREADY HAVE.
WHY 1 1/2 MILLION BARRELS ARE
BEING PRODUCED LESS TODAY THAN
THERE WERE TWO YEARS AGO.
YET AGAIN, THEY’RE WITH ALICE IN
WONDERLAND.
WE’RE INCREASING IT.
WHEN IS A DECREASE AN INCREASE?
>> GREAT PIECE BY MY FRIEND
HAROLD HAMM, REALLY ONE OF THE
GODFATHERS OF THE WHOLE SHALE
REVOLUTION.
LARRY: YES.
>> YOU DO THREE THINGS,
DEREGULATE THE OIL AND GAS
INDUSTRY, GET THE GOVERNMENT OUT
OF THE WAY, GET RID OF ALL THE
NEW TAXES.
HE SAID WE COULD PRODUCE ENOUGH
OIL AND GAS IN THIS COUNTRY SO
WE DON’T NEED TO IMPORT ANY OIL
AGAIN.
LARRY: GOVERNOR OF MICHIGAN,
"WALL STREET JOURNAL" EDITORIAL,
WHITMER IS THAT HER NAME?
>> YES.
LARRY: SHE IS STOPPING A
PIPELINE WHICH WOULD BRING CAN
CANADIAN OIL DOWN THROUGH
MICHIGAN TO THE NORTHEAST?
>> WHAT IS CRAZE I IF YOU’RE
GREEN, YOU SHOULD LIKE
PIPELINES.
THEY ARE ENVIRONMENTALLY THE
SAFE WAY TO TRANSPORT OIL AND
GAS RATHER THAN TRUCKS THAT CAN
TURN OVER OR --
>> SHE HAS CRAZY VIEW IT MAY
HARM THE ENVIRONMENT, HARM THE
LAKE.
IT WILL BE STUDIED TIME AND TIME
AGAIN.
THE PIPELINE IS SAFE.
SHE HAS BEEN DOING THIS TWO
YEARS NOW.
LARRY: YOU WANT ME TO TAKE A
BREAK?
YOU WANT ME TO TAKE A BREAK?
COME BACK WITH STEVE FORBES AND
STEVE MOORE?
ALL RIGHT.
WE’LL STAY SOME MORE.
WE HAVE MORE WORK TO DO.
I WANT TO RAISE ANOTHER POINT IN
THE BIDEN ECONOMY, ALL RIGHT.
SO HE IS BLAMING INFLATION ON
VLADMIR PUTIN.
JUST THE LAST FEW WEEKS BECAUSE,
MY OLD AND DEAR FRIEND, ROBERT
CINCH.
VETERAN WALL STREET ECONOMIST.
I WANT TO READ THIS STUFF.
IT IS SO DARN FUN.
DID A PIECE OVER THE WEEKEND
WHAT PRICES ARE RISING, OKAY?
BESIDES, HOTELS, MOTELS AND
OTHER LODGING, NEW AND USED
MOTOR VEHICLES, FURNITURE AND
BEDDING, CHICKEN, MEN’S SHIRTS
AND SWEATERS, ADMISSIONS, LUNCH
MEATS, LAUNDRY AND DRY CLEANING,
TOOLS, HARDWARE AND SUPPLIES,
BABY FOOD, FULL SERVICE MEALS
AND SNACKS, PURCHASE OF PETS AND
SUPPLIES, MOTOR VEHICLE REPAIR,
NON PRESCRIPTION DRUGS.
THE ONLY PRICE FALL SOMETHING
SMARTPHONES.
SMARTPHONE PRICES HAVE GONE
DOWN.
THIS IS ROBERT’S --
>> CAN I ADD SOMETHING TO WHAT
YOU’RE SAYING?
I DID THE NUMBERS TOO.
82% OF THE RISE OF INFLATION
PRICE OF OIL HAPPENED BEFORE,
BEFORE PUTIN WENT INTO UKRAINE.
LARRY: ABSOLUTELY.
>> JEROME POWELL AT THE FED
SHOULD SUE FOR LIBEL BEING SAID
HE IS THE REAL PUTIN.
LARRY: WHY DOES BIDEN LIE ABOUT
THIS?
IN OTHER WORDS, PUTIN INVADES
THREE WEEKS AGO, THE TROOPS WERE
STARTING IN NOVEMBER ON THE
BORDER BUT THERE WAS NO
INVASION, THERE WAS NO STOPPAGE
AND NO NOTHING?
IN OTHER WORDS, BIDEN IS LYING.
HE HAS AMNESIA ABOUT THE YEAR
BEFORE THE PUTIN INVASION AND I
JUST WANT, VERY GOOD PIECE TODAY
BY CHARLES COOK AND
NATIONALREVIEW.ONLINE ABOUT
THIS.
THESE LIES THAT PUTIN TELLS,
LIKE FOR EXAMPLE,
"BUILD BACK BETTER" WAS PAID
FOR --
>> YOU SAID PUTIN.
THE LINES THAT BIDEN IS TELLING.
LARRY: NOT EVEN I WANT TO
CONFUSE BIDEN WITH PUTIN.
I POLL JEEZ TO MR. BIDEN ON THAT
FRONT.
THANK YOU FOR CORRECTING ME.
I’M JUST TRYING TO SAY, THOSE
LIES HURT HIM ENORMOUSLY AS
CHARLES COOK IN THE
"NATIONAL REVIEW" SAID.
HE DOESN’T HAVE TO DO THAT BUT
THEN AGAIN HE DOES I GUESS
BECAUSE HE WON’T GET TO THE ROOT
CAUSE WHICH IS OVERSPENDING.
>> THAT’S RIGHT.
IT GETS TO CHARACTER, WHICH IS
THE REAL KILLER.
PEOPLE WILL PUT UP A LOT OF
PAIN.
EVEN 1982 WHEN RONALD REAGAN
TOOK A HIT WHEN THE ECONOMY WAS
GOING DOWN TO FIGHT INFLATION,
LOSSES IN THE MIDTERM ELECTIONS
WERE RATHER MILD, THEY ACTUALLY
GAINED SEATS?
THE SENATE BECAUSE PEOPLE SENSED
EVEN THOUGH THINGS WERE TOUGH,
THERE WAS A MAN OF CHARACTER IN
THERE, THEY BELIEVED IN THE
POLICIES, LET’S GIVE A CHANCE
FOR THESE POLICIES TO WORK.
NO REAL CORE BELIEF OTHER THAN
SOCIALISM MOTIVATING THESE
PEOPLE.
THEY MAY NOT MUTTER THE WORD TOO
MUCH UNLESS YOU’RE AOC OR
BERNIE.
SO THEY CAN’T TELL THE TRUTH.
THEY HAVE NO CORE.
>> THIS IS GOING TO BE THE WORST
YEAR IN 20 YEARS FOR FAMILY
INCOME, REAL FAMILY INCOMES ARE
DECLINING BECAUSE OF THIS
MASSIVE INFLATION.
AND IT IS KILLING THE MIDDLE
CLASS.
LARRY: WHY, I DON’T UNDERSTAND
THOUGH, WE’VE GOT LOUISIANA
CONGRESSMAN, CAN WE BRING HIM
IN.
LET’S BRING HIM IN.
HE CAN PARTICIPATE, OUR GREAT
FRIEND STEVE SCALISE, HOUSE
MEMBER FROM LOUISIANA, HOUSE
REPUBLICAN WHIP.
STEVE, YOU’RE IN A ROUGH CROWD
HERE WITH STEVE MOORE AND STEVE
FORBE’S.
THIS IS ARRIVE CROWD, I WILL DO
MY BEST TO PROTECT YOU, NOT THAT
YOU NEED PROTECTION.
I WANT TO ASK, GO YOU TO FIRST,
STEVE MOORE --
>> THREE STEVES HERE.
LARRY: I GUESS.
THERE HASN’T BEEN ENOUGH
DISCUSSION OF THE $1.5 TRILLION
OMNIBUS BILL JUST PASSED BY BOTH
HOUSES, OKAY, BUT, BUT, I’M IN
FAVOR OF THE MILITARY SPENDING
PARTICULARLY NOW.
I’M IN FAVOR OF THE UKRAINE
SPENDING, OBVIOUSLY NOW, I’M NOT
IN FAVOR OF THE DOMESTIC
SPENDING AND I’M ABSOLUTELY
STARTLED BY TWO THINGS, NOT ONCE
IN THIS DISCUSSION DID ANYONE
TALK ABOUT PAY-FORS.
I DON’T REALLY WANT TO PAY FOR
IT BUT I’M JUST SAYING WITH
DEFICIT SPENDING LAST MARCH, WE
SHOULD HAVE LEARNED A LESSON,
"BUILD BACK BETTER," SHOULD HAVE
LEARNED A LESSON.
THEN COMES EARMARKS, $8 BILLION
OF EARMARKS WHICH I THOUGHT WE
BURIED, PUT A STAKE THROUGH 10
YEARS AGO.
I WILL LET YOU SPEAK AND LET
MR. SCALISE DISCUSS.
>> INCREASE SPENDING FOR UKRAINE
SHOULD HAVE BEEN DOLLAR FOR
DOLLAR OFFSET BY REDUCTIONS IN
THE DOMESTIC SPENDING BUDGET.
LARRY: RIGHT.
>> WE NEEDED THE MILITARY
SPENDING.
WE SHOULD HAVE CUT.
STEVE SCALISE, WHAT I FAVOR FROM
BE REPUBLICANS IS 10% ACROSS THE
BOARD REDUCTION IN DOMESTIC
SPENDING NOW.
WE SPENT 3 TO $4 TRILLION, WE
PUT OURSELVES IN A BIG HOLE, I
LOVE REPUBLICANS TO GET TOUGH ON
SPENDING.
WHAT DO YOU THINK, STEVE
SCALISE?
>> THE MOST IMPORTANT THING IS
TO STOP PAYING PEOPLE NOT TO
WORK.
LARRY: THAT’S TRUE.
>> STOP ALL THE QUOTE, UNQUOTE
STIMULUS.
JUST A FLOOD OF MONEY GOING IN
TO PAY PEOPLE TO REPLACE WORK
AND I THINK YOU’RE FINALLY
SEEING THAT ATTITUDE, NOT ONLY
AMONGST US BUT JOE MANCHIN IS
DEFINITELY IN THE CAMP TOO.
WHAT YOU NEED TO DO, THINK ABOUT
THE DEFENSE, GOING TO SAY BIDEN
DIDN’T WANT TO PROPERLY FUND
DEFENSE AND BY DOING SHORT-TERM
BILLS ON DEFENSE IT ACTUALLY
COSTS OUR NATION’S DEFENSE ABOUT
BILLION DOLLARS A MONTH WE LOSE
ABILITY TO DO LONG-TERM
PLANNING.
THAT IS AT LEAST RESOLVED.
BIDEN STILL DOESN’T GET IT ON
UKRAINE.
HE DOESN’T WANT TO GIVE THEM
HELP.
THEY’RE HAVING FIGHT OVER THE
MiGS.
IT IS POLAND’S MiGS.
NOT EVEN AMERICA’S PLANES.
NATO WOULD BACKFILL ON THE
PLANES.
BIDEN DOESN’T WANT TO DO THAT.
DITHERED FOR A MONTH ON THE
SURFACE-TO-AIR MISSILES THEY
WERE ASKING FOR.
IMAGINE BACK IN OCTOBER
ZELENSKYY WAS ASKING FOR
SURFACE-TO-AIR MISSILES GOT IT
BEFORE RUSSIA INVADED?
A BOMBING OF CITIES, LEVELING
CITIES AND LIKE GENOCIDE, WOULD
HAVE BEEN ABLE TO PREVENT IT TO
TRAIN THE UKRAINE MILITARY TO
USE THOSE KIND OF WEAPONS.
THEY CAN’T GET IN THE WEAPONS
BECAUSE IT’S A WAR ZONE.
ALL OF THESE ARE SIGNS THAT
PRESIDENT BIDEN CONTINUES TO
HAVE THIS ATTITUDE, HE DOESN’T
WANT TO HELP UKRAINE TOO MUCH
BECAUSE HE MIGHT OFFEND PUTIN.
STOP FUNDING PUTIN’S WAR BY
OPENING UP ENERGY IN AMERICA.
WE SHOULD BE DRILLING EVERY PART
IN THE COUNTRY WE CAN, LOWER
PRICES TAKE PUTIN’S LEVERAGE
AWAY.
BIDEN WON’T DO THAT EITHER.
LARRY: RICK PERRY’S IDEA, STEVE
SCALISE, INSTEAD OF SENDING
DIPLOMATS TO IRAN AND TO
VENEZUELA, WE SHOULD SEND A
SPECIAL ENVOY TO MIDLAND, TEXAS,
WHERE THEY COMEET THE OIL AND
GAS INDUSTRY AND DRAW UP A
TREATY.
>> DON’T NEED TO BEG THEM.
HE IS BEGGING DICTATORS TO
REPLACE ONE DICTATOR IN PUTIN
WITH OTHER DICTATORS IN IRAN AND
VENEZUELA.
STOP BEGGING WITH DICTATORS.
THE ANSWER IS BENEATH OUR FEET.
PORT FOURCHON, IN LOUISIANA,
THEY’RE READY TO GO.
THEY KNOW HOW TO DO IT SAFELY.
MORE ENVIRONMENTALLY FRIENDLY
THAN ANYWHERE ELSE IN THE WORLD.
TALKING ABOUT CARBON EMISSIONS,
PLACES THEY’RE TRYING TO BEG,
THESE PEOPLE ARE WRONG ON EVERY
FRONT.
MAKE IT IN AMERICA, LOWER COST,
LOWER CARBON EMISSIONS.
STOP HANGING OUT WITH THE GREEN
NEW DEAL FRAUDS, DON’T DRILL IN
AMERICA.
THEN THEY FORCE YOU TO DRILL IN
PLACES LIKE RUSSIA AND IRAN
WHICH EMIT MORE CARBON.
IT IS LIKE THAT SY.
LARRY: STAND UP TO PUTIN.
STAND UP TO PUTIN.
>> YOU TAKE MONEY OUT OF PUTIN’S
POCKET, HUNDREDS OF MILLIONS HE
IS POCKETING EVERY DAY.