>> THANKS, LARRY.
TAKE CARE.
LARRY: ALL RIGHT.
STEPPING UP NEXT, JOINING ME TO
TELL HOUSE HOW TO SAVE AMERICA,
NOT DESTROY IT, BUT HOW TO SAVE
AMERICA, HOUSE REPUBLICAN LEADER
KEVIN McCARTHY.
MR. McCARTHY, SIR AS ALWAYS,
WELCOME.
KEVIN, THIS IS SUCH A WONDERFUL
STORY, IN THE LAST 48 HOURS LIKE
FISCAL INSANITY INCREASED, IT
HAS DOUBLED, TRIPLED, SOMEBODY
HAS TO GOT TO STOP TO THIS, PUT
A STOP TO THIS.
>> WE HAVE TO.
WE HAVE ONLY 103 MORE DAYS, WE
CAN PUT A BIG STOP TO IT.
WHAT IS WORSE ABOUT GOVERNMENT
NOW GETTING INTO BUSINESS,
DICTATING WHAT BUSINESS SHOULD
DO, THE MONEY THEY ARE SPENDING,
TAXPAYER MONEY THEY ARE WASTING,
THEY MADE IT MANDATORY SPENDING
YOU UNDERSTAND HOW WILL WE EVER
CURVE THIS?
MANDATORY SPENDING F IT WAS SO
IMPORTANT.
IT HAS BEEN IN THE MDA FOR 2017
BUT NEVER IMPORTANT ENOUGH TO
MAKE THE RESOURCES AND SPENDING.
REMEMBER WHAT INDUSTRY THIS IS?
THIS INDUSTRY HAS AS MUCH
CAPITAL THEY NEED.
WE’LL NOT ONLY GIVE THEM A BIG
POT OF MONEY THE TAXPAYERS WILL
PAY THEM AS WELL.
THE WORST THING TO DO ON A DAY
YOU FIND YOU’RE IN RECESSION.
INTERESTING DEMOCRATS WANT TO
CHANGE THE DEAF MISSION OF
RECESSION.
THE RECESSION IS IF YOUR
NEGATIVE IN TWO QUARTERS WHEN
YOU HAVE A REPUBLICAN PRESIDENT.
IF YOU HAVE A DEMOCRATIC
PRESIDENT IT IS JUST SLOW
GROWTH.
LARRY: THE HYPOCRISY I OF THAT
IS BEYOND BELIEF.
SOME OF THEIR LEADING ECONOMISTS
SAID FOR YEARS TWO QUARTERS.
BUT THE OTHER THING, KEVIN
McCARTHY IS, RECONCILIATION
BILL, THE NUMBERS HERE ARE EVEN
WORSE.
40 BILLION -- 740 BILLION HIGHER
TAXES IN RECESSION, REALLY?
SPENDING IS SCORED AT
433 BILLION, I DON’T WANT TO GO
INTO THE WEEDS, OBAMACARE
SUBSIDIES 10 YEARS WILL ADD
ANOTHER 150 BILLION.
SO THE DEFICIT REDUCTION
SO-CALLED WILL BE COMPLETELY
WIPED OUT.
IF YOU PUT IT TOGETHER WITH THE
CHIPS PLUS BILL, YOU’RE TALKING
ABOUT CLOSE TO $900 BILLION OF
NEW FEDERAL SPENDING, ENDORSED
BY MY FRIEND JOE MANCHIN WHO WAS
THE GREAT BULWARK AGAINST
DEMOCRATS INFLATIONISM?
I JUST DON’T SEE HOW THIS COULD
HAPPEN?
>> I DON’T KNOW WHAT HAPPENED TO
JOE.
PRIOR IN THIS CONGRESS HE WAS
STANDING UP AGAINST IT.
REMEMBER HOW HE WANTED TO WAIT
UNTIL HE SAW INFLATION NUMBERS
BEFORE HE MOVED FORWARD.
HE MOVED FORWARD RIGHT BEFORE
THE NUMBERS CAME OUT.
WHAT IS EVEN WORSE, THINK ABOUT
WHAT THEY PUT IN HIRE.
THEY ARE GOING TO FUND 87,000
NEW IRS AGENTS.
THAT IS WHAT THEIR PAY-FOR IS.
YOU REMEMBER WHAT THEY DID ON
OBAMACARE.
THEY WILL CONTINUE TO GIVE THE
SUBSIDY.
THAT IS NEVER GOING AWAY IN THIS
PROCESS.
THAT IS WHY THEY WANT TO DO
RECONCILIATION.
TO MAKE THIS HAPPEN, EVEN GO
BACK TO YOU WARNED THEM, I
WARNED THEM IF THEY DID THE
2 TRILLION-DOLLAR AMERICAN
RESCUE PLAN INFLATION WOULD TAKE
OFF, EVEN STEVE RATTNER, STEVE
RATTNER CALLS IT THE ORIGINAL
SIN FOR THE DEMOCRATS WHEN IT
COMES TO INFLATION.
LARRY SUMMERS WARNED THEM.
IT WASN’T JUST REPUBLICANS.
IT WAS DEMOCRATS AS WELL.
UNFORTUNATELY WE WERE RIGHT AND
WE’RE RIGHT ABOUT GOING FORWARD.
SO WE’VE GOT TO GO BACK EXACTLY
WHAT YOU SAID.
WE’VE GOT TO KILL THIS BILL.
LARRY: WE HAVE TO KILL THE BILL.
I DON’T KNOW, ARE YOU OPTIMISTIC
ABOUT KILLING THIS BILL?
IT WILL BE HARD TO KILL?
>> IT IS GOING TO BE HARD TO
KILL BUT YOU KNOW THE MARGINS
INSIDE OF CONGRESS ARE MORE
NARROW THAN IT WAS BEFORE.
ONLY FOUR SEATS BECAUSE WE’LL
FINISH OFF SOME OF THE SPECIAL
ELECTIONS.
THEY GO IN HERE DON’T DO
ANYTHING ABOUT THE S.A.L.T.,
DEMOCRATS WOULD NEVER VOLT FOR
ANYTHING UNLESS IT HAD S.A.L.T.
REFORM.
WILL THEY KEEP THEIR WORD?
AMERICAN PEOPLE SEES THEY SPEND
ANOTHER TRILLION DOLLARS SITTING
IN RECESSION?
THINK ABOUT HOW BAD INFLATION IS
RIGHT NOW.
FOR ANYBODY YOU WOULD ASK THE
AMERICAN PUBLIC COULD YOU GIVE
UP A MONTH’S SALARY?
MOST EVERY SINGLE AMERICAN WOULD
SAY NO, THEY COULDN’T AFFORD IT.
THAT WAS JUST TAKEN FROM THEM.
BECAUSE IF YOU’RE ON SALARY, ONE
MONTH’S SALARY IS 8.3% OF WHAT
YOU GET PAID.
INFLATION IS HIGHER.
THIS IS WHAT THE DEMOCRATS JUST
TOOK FROM YOU, A WHOLE MONTH’S
SALARY, GAVE YOU HIGHER GAS
PRICES AND THEY WANT TO DO IT
AGAIN.
IT WILL ONLY GET WORSE.
LARRY: LOOK THE LATEST NUMBER,
YOU KNOW, THE STUFF THAT CAME
OUT TODAY, 8, I THINK INFLATION
RATE WAS 8.9%.
IT CAN’T GETTING ANY BETTER FOR
SURE.
I WANT TO SWITCH GEARS THOUGH,
REALLY ON A BRIGHTER SIDE, YOU
WERE PART OF THE AMERICA FIRST
POLICY INSTITUTE, PRESIDENT
TRUMP SINGLED YOU OUT AS A
IMPORTANT LEADER WHICH IS
ABSOLUTELY THE CASE.
KEVIN, THE MISSION HERE, YOUR
MISSION, WE TALKED A LOT OF
TIMES BEFORE IS TO SAVE AMERICA.
WE HAVE TO CHANGE THIS WHOLE
ECONOMIC AND SOCIAL MODEL.
YOU’RE PUTTING TOGETHER ALL OF
YOUR GROUPS AND YOU’RE GOING TO
HAVE SOME KIND AFTER MANIFESTO
COMING OUT IN THE NEAR FUTURE.
WE CAN CHANGE AMERICA, WE CAN
SAVE AMERICA, CAN WE NOT?
>> UNDOUBTFUL WE CAN DO IT.
WE’LL HAVE COMMITMENT TO
AMERICA.
A PLAN TO PUT AMERICA ON THE
RIGHT TRACK.
THE DEMOCRATS ARE DOING ALL THE
DAMAGE BUT THEY HAVE NO PLAN TO
FIX IT.
YOU GOT TO FIRST START, MAKE TAX
CUTS PERMANENT YOU WORKED SO
HARD ON.
THAT CAN ACTUALLY SAVE THE DAY.
WE HAVE TO GET SOUND FISCAL
POLICY.
NOT RUNAWAY SPENDING.
WE HAVE TO BECOME ENERGY
INDEPENDENT, THAT AMERICANS
AMERICA DOING IT BECAUSE IT ONLY
MAKES US STRONGER BUT MAKES THE
WORLD SAFER.
WE HAVE TO MAKE OUR STREETS SAFE
AGAIN.
WE HAVE GOT A BORDER THAT IS A
NATIONAL SECURITY, THAT IS
BRINGING FENTANYL NUMBER ONE
KILLER BETWEEN AMERICANS 18 AND
45.
WE HAVE TO CHANGE THE SUPPLY
CHAIN FROM CHINA TO AMERICA.
IF WE’RE FORTUNATE TO WIN THE
MAJORITY, I’M FORTUNATE ENOUGH
TO BE SPEAKER I WILL CREATE A
CHINA COMMITTEE.
JUST LIKE TALKING BEFORE WHERE
THEY INFILTRATED PLACES, ALL THE
DIFFERENT INDUSTRIES TRYING TO
GET AHOLD OF GOING FORWARD, WE
NEED TO HAVE A PLAN TO MAKE SURE
AMERICA CONTROLS THEIR OWN
DESTINY.
LARRY: SO WE’VE HAD 18 MONTHS,
HAVE THE BIDENS DONE ANYTHING
RIGHT IN YOUR JUDGMENT, DONE
ANYTHING RIGHT?
TO ME IT IS SO DEMORALIZING.
I WILL ASK YOU, YOU’RE IN THE
THICK OF IT EVERY DAY.
ANYTHING RIGHT?
I CAN’T FIND IT.
>> ONLY THING THEY NO DONE IS NO
LONGER JIMMY CARTER WAS THE MOST
UNPOPULAR PRESIDENT.
LARRY: I GOT THAT.
HOW IS THE OUTLOOK FOR THE
RACES?
HOW IS THE OUTLOOK?
WHAT ARE YOU LOOKING?
>> THE OUTLOOK, THERE IS NO
PLACE WE CAN’T WIN.
THINK OF LAST MONTH, WE WON THE
SECOND MOST HISPANIC SEAT IN THE
NATION, 84% HISPANIC.
WE HADN’T WON THAT SEAT IN 100
YEARS.
BIDEN HAD HAD WON IT BY 13.
I’M BOEING ON THE ROAD IN
AUGUST.
I’M GOING 25 STATES.
WE CAN WIN IN RHODE ISLAND,
MAINE, NEW HAMPSHIRE,
CONNECTICUT, CALIFORNIA, OREGON,
MONTANA, TEXAS.
THERE IS NOT ONE PLACE ACROSS
THIS COUNTRY WE CAN’T WIN.
YOU KNOW WHAT?
MORE WOULD WOMEN, MORE
REPUBLICAN MINORITIES YOU EVER
SEEN BEFORE.
LOOK AT JUAN DOWN IN ARIZONA.
EMIGRATED FROM MEXICO 10 YEARS
OLD WITH HIS FATHER.
HIS FATHER STILL DRIVES A BUS
FOR CITY OF TUCSON.
HIS SON, ECONOMIC ADVISOR.
THIS GUY WILL WIN.
SAME ASPECT HE WILL BRING SOUND
POLICIES TO HELP US GET THIS
COUNTRY BACK ON THE RIGHT TRACK.
JIM HIGGINS IN VIRGINIA, USED TO
FLY HELICOPTERS IN THE NAVY.
SHE IS A NURSE AND STATE
SENATOR.
SHE KNOWS WHAT WE REALLY NEED IN
THIS COUNTRY TO MAKE OUR STREETS
SAFE, TO MAKE SURE WE SECURE OUR
BORDER, MORE IMPORTANTLY THE
RIGHT TYPE OF HEALTH CARE,
PRO-GROWTH POLICIES.
LARRY: THIS IS THE NEW FACE OF
THE GOP.
THIS IS NOT YOUR GRANDFATHER’S
REPUBLICAN PARTY?
>> I JUST LEFT JOHN JAMES.
JOHN JAMES SERVED AT WEST POINT.
YOU KNOW WHO ELSE HE WENT TO
WEST POINT WITH?
WESLEY HUNT.
BOTH ARE AFRICAN-AMERICAN.
THEY SERVED NATION FROM TEXAS TO
MICHIGAN.
MRS. GREENE FROM THE AIR CORES
ACADEMY, RUNNING IN INDIANA.
FROM MAINE TO CALIFORNIAS
EVERYWHERE IN BETWEEN.
WE HAVE THE OPPORTUNITY TO TAKE
THE COUNTRY BACK, WE HAVE A PLAN
TO DO IT AND THAT IS THE
COMMITMENT TO AMERICA.
LARRY: I LOVE THIS, KEVIN, LAST
ONE.
TRUMP SPOKE AT THE AFPI
CONFERENCE DUES.
HE GAVE A HARD-HITTING SPEECH ON
CRIME, CRIME, SAFETY.
I MEAN I THINK DECIDES THE
TERRIBLE ECONOMY CRIME IS JUST A
GIGANTIC ISSUE.
I WILL GIVE YOU THE LAST WORD.
>> WHY IS CRIME SUCH A BIG
ISSUE.
BECAUSE OF DEMOCRAT POLICY
DEFUNDING THE POLICE.
DEMOCRATS ELECTING LIBERAL
PROSECUTORS.
WHAT WE HAVE FOUND IS, HOMICIDE
IS NOW AT ITS HIGHEST LEVEL IN
20 YEARS.
SO WHAT CAN WE DO?
WE CAN WITHHOLD FEDERAL MONEY ON
THE GRANTS FOR PROSECUTORS THAT
DON’T UPHOLD THE LAW.
WE’VE WATCHED IT FROM FIGHTS IN
NEW YORK, TRYING TO GO OVER THE
TURNSTILES WITH 16-YEAR-OLDS AND
NO-CASH BAIL.
WITH THESE INDIVIDUALS ARE
REVOLVING DOOR OF BREAKING
CRIME, COMING OUT.
DOESN’T MATTER WHO YOU ARE IN
THIS NATION.
YOU WANT TO FEEL SAFE IN THE
STREETS, SAFE AT HOME.
THAT IS WHAT WE’LL BRING YOU.