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Speaker 1: Welcome to the Tutor Dixon Podcast. I have Larry Kudlow

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Speaker 1: with me. He is the former economic policy advisor to

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Speaker 1: President Trump and you can catch him every weekday at

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Speaker 1: four pm Eastern on his Fox Business show. Larry, thank

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Speaker 1: you so much for joining me today. Obviously, this is

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Speaker 1: a big deal. We have seen a landslide win for

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Speaker 1: Donald Trump. And I was just before we got on,

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Speaker 1: I was just saying, I wanted to go over what

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Speaker 1: you think that meant for people, what people were feeling

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Speaker 1: in the economy, what they will feel going forward.

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Speaker 2: Well, you know, I think the Democrats, kamalaw Democrats completely

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Speaker 2: miss understood the electorate. So they thought attacking Trump and

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Speaker 2: calling him names, you know, fascist and Hitler and garbage

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Speaker 2: and all that.

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Speaker 3: They thought that was going to be a great idea.

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Speaker 2: Meanwhile, the rest of the country was worried about open

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Speaker 2: border illegal immigration and crime and the economy and the

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Speaker 2: affordability crisis. So Trump stayed on message. You know, he's

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Speaker 2: become a real policy wonk. I talked to him all

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Speaker 2: the time. He's a real policy guy. You know, tax

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Speaker 2: cuts and deregulation and drill baby drill, liquid gold and

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Speaker 2: pro growth policies, and she's out there calling him names

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Speaker 2: and it just utterly failed. And so you know, it's

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Speaker 2: a tremendous victory. He picked up his coalition. I mean,

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Speaker 2: you know, the strategy from day one was a working

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Speaker 2: class Middle America populist coalition, and he scored so heavily Blacks, Hispanics,

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Speaker 2: young people particularly. He also closed the gender gap quite

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Speaker 2: a bit. And that you know, the issues were the

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Speaker 2: economy and the border. So he had a fabulous landslide.

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Speaker 2: He ended the so called blue wall in the Midwest.

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Speaker 2: He did very well, by the way, in blue states

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Speaker 2: like New York and New Jersey very well. I'm proudly

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Speaker 2: you only lost Jersey by four points.

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Speaker 3: That's crazy, which is very cool.

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Speaker 2: You know, in New York, I spend my time in

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Speaker 2: the city during the week because obviously I work at Fox.

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Speaker 2: He cut the margins in New York quite a bit.

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Speaker 1: Do you think this can happen again? Do you think

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Speaker 1: this is only a Trump thing? Or do you think

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Speaker 1: that this can carry on? Are Republicans in a position

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Speaker 1: where they understand it and they will continue it, well.

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Speaker 3: I would guess so.

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Speaker 2: I mean, he has created a realignment in politics. And

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Speaker 2: as I say that the coalition he put together working folks,

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Speaker 2: not you know, it's multi racial. That coalition I think

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Speaker 2: represents realignment and.

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Speaker 3: I think it's here to stay.

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Speaker 2: Whoever would succeed him, well certainly will certainly use that

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Speaker 2: word that expand that.

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Speaker 3: You know. That's another point I want to make is that.

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Speaker 2: A lot of the immediate types and you know liberal

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Speaker 2: pundits would say, well, he's just appealing to the base,

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Speaker 2: but that's not what happened. He expanded the base enormously

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Speaker 2: when you go through all the numbers. I was just

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Speaker 2: looking at some more numbers. You know, in some cases

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Speaker 2: he would increase his vote from you know, say black

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Speaker 2: men by fifty percent, or Hispanics total, Hispanics and Latino men.

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Speaker 2: I mean, he increased his base enormously young people. So

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Speaker 2: my point is sure, I mean, what the goop should

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Speaker 2: do is copycat what mister Trump did and.

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Speaker 3: Stay with that.

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Speaker 1: I think what you're saying is so key because we're

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Speaker 1: hearing now all of the leftist pundits come out, but

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Speaker 1: even on social media, I see the regular people coming out.

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Speaker 1: They're like, this is a racist, misogynistic country. How could

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Speaker 1: people do this? And it blows my mind because of

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Speaker 1: those numbers. So you're telling me that black men voted

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Speaker 1: against themselves. This is the These are record numbers of

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Speaker 1: black men coming out for a Republican But look at

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Speaker 1: the state of Michigan. Look at my state. He comes

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Speaker 1: out and he says, we don't want people to have

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Speaker 1: to live like they're living in Detroit. The elitists who

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Speaker 1: live in a very small portion of Detroit, they're like,

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Speaker 1: oh my gosh, how could you say this. The middle class,

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Speaker 1: they're getting their factory shut down. They have record crime.

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Speaker 1: We had a mass shooting in Detroit that was the

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Speaker 1: biggest mass shooting in history in July. No one said

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Speaker 1: a peep about it. When it comes to higher level

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Speaker 1: Democrats and Donald Trump's like, listen, it's an uncomfortable truth,

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Speaker 1: but we want to help you. Is that what resonates.

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Speaker 3: You know? The answer is yes, of course.

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Speaker 2: But when you look at this thing nationwide, well, hold on,

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Speaker 2: I want to just mention with respect to Michigan. Uh.

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Speaker 2: You know, a huge issue, as I'm sure you know,

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Speaker 2: was the sort of far left climate change.

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Speaker 3: Uh you know, it's like.

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Speaker 2: Terrorists climate change and ending gasoline powered cars and all

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Speaker 2: the EV's electric vehicles. Subject I mean, I'm not against evs,

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Speaker 2: mind you, but I don't at the government giving subsidies

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Speaker 2: and grants and free loans that they will forgive so

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Speaker 2: people should have choice. Trump said this many times. People

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Speaker 2: should have a choice. Don't stop them from driving diesel

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Speaker 2: trucks or gas powered cars, and don't force them to

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Speaker 2: buy electric vehicles where the battery is.

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Speaker 3: Made in China.

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Speaker 2: That was a big issue and the UAW rank and file.

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Speaker 2: I mean, I haven't seen numbers exactly on this, but

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Speaker 2: I think Trump probably upped his margins a lot with

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Speaker 2: auto workers. I know he did with teamsters, no question

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Speaker 2: about that, because they didn't want this kind of climate

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Speaker 2: extremism and that would cost the jobs.

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Speaker 1: Let's take a quick commercial break. We'll continue next on

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Speaker 1: the Tutor Dixon podcast. I think you also bring up

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Speaker 1: a good point because it wasn't just that they didn't

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Speaker 1: want the climate extremism. I think there was a concern,

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Speaker 1: especially in our state, in other states. You saw this

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Speaker 1: in Texas, you saw us in a couple other places

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Speaker 1: where China has come in and bought up land. It

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Speaker 1: was also a concern of Okay, even if we build

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Speaker 1: the batteries here, can we have it American manufacturing. Can

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Speaker 1: we have it American owned that we know that they're

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Speaker 1: adhering to our environmental standards because climate and environment to me,

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Speaker 1: should not be separate. It's funny to me that they

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Speaker 1: are climate crazy, but environment can go by the wayside.

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Speaker 1: So when Goshen, the Chinese battery factory, came to Michigan,

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Speaker 1: they waived the environmental review of it. How can you

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Speaker 1: do that. They're taking seven hundred thousand gallons of water

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Speaker 1: a day, they're running it through these highly toxic chemicals,

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Speaker 1: forever chemicals that we've been so careful to get out

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Speaker 1: of the state of Michigan, and there's no review of that.

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Speaker 1: There was a fear that China would come in and

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Speaker 1: destroy the environment in a way in an attempt to

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Speaker 1: protect the climate. But how can those two things be

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Speaker 1: mutually exclusive?

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Speaker 2: Well, okay, I'm not familiar with that specific issue. I

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Speaker 2: just think the general point is that the climate extremism

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Speaker 2: ending gas powered cars would cost jobs, factories would close,

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Speaker 2: And on top of that, the misnamed Inflation Reduction Act,

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Speaker 2: which was the Big Greeny Act, would basically provide massive

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Speaker 2: assistance to electric vehicles, and you could end gas powered

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Speaker 2: cars inside of ten years, and that's going to cost jobs.

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Speaker 2: So I think that I think that that played a

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Speaker 2: very important role in Michigan. However, I was going to

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Speaker 2: say earlier. When you look at these groups, whether the

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Speaker 2: unions or Blacks or Latinos, there a comb pay fell

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Speaker 2: during the Biden years. Felt real wages no matter how

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Speaker 2: you measure them, meeting income adjusted for inflation, weekly wages

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Speaker 2: adjusted for inflation, every single one declined significantly over the

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Speaker 2: past four years during the Biden Harris administration, whereas during

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Speaker 2: the Trump years those same measurements went up, you know,

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Speaker 2: between five and eight percent. So you have big take

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Speaker 2: home pay gains under Trump and take home pay losses

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Speaker 2: under Biden Harris.

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Speaker 3: That was an enormous issue.

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Speaker 2: And then you add on to that the problem with

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Speaker 2: the cost of living inflation. Over the space of nearly

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Speaker 2: four years.

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Speaker 3: In urban areas and cities.

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Speaker 2: By the way, the CPI went up about twenty six percent,

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Speaker 2: so that kills household groceries, electricity, you name it. Everything

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Speaker 2: went up, gasoline, everything went up. That was never solved

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Speaker 2: by Biden Harris. In fact, she never talked about barely.

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Speaker 2: I mean, when she did talk about it, she would

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Speaker 2: talk about I'm going to have price controls, and I'm

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Speaker 2: gonna have rent controls, and then I'm going to increase

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Speaker 2: your entitlements for childcare and all these things.

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Speaker 3: As now what people want.

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Speaker 2: They wanted a plan to give them positive gains and

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Speaker 2: take home pay and to reduce inflation so that.

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Speaker 3: Their borrowing costs would come down.

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Speaker 2: Branded cards, car loans, mortgages, that's what. So she's sitting

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Speaker 2: there and going to rallies with happy talk and word salads,

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Speaker 2: and she's attacking Trump as a fascist, and people will

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Speaker 2: even scratching their heads. What I can't spend fascism. I

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Speaker 2: can't buy a house with fascism. I don't think they

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Speaker 2: even know what fascism is.

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Speaker 1: For having's sake, Well, that's a great point. I think

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Speaker 1: that there's so middle education of.

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Speaker 3: What that fascism. I mean, I don't know.

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Speaker 2: You think people at kitchen tables were sitting around talking

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Speaker 2: about the latest biography of Benito Mussolini.

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Speaker 3: Something tells me that's not what they were doing.

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Speaker 1: So I think there are a few things that happened,

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Speaker 1: and I wonder how the Democrat Party is looking at this.

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Speaker 1: We obviously saw Bernie Sanders come out and say you

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Speaker 1: left the working person. How could you do this? But

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Speaker 1: I think it's beyond that. They kind of created. Obviously,

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Speaker 1: they installed a Kamala Harris. She wasn't ready. They didn't better,

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Speaker 1: they didn't know she wasn't ready. But they also brought

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Speaker 1: Hollywood in. Hollywood is great at creating something imaginary, and

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Speaker 1: I think that's what they did with this campaign. They

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Speaker 1: had these rallies that had Lady Gaga, and people came

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Speaker 1: for celebrity. They didn't come for Harris. So I think

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Speaker 1: Harris was shocked because she didn't realize how unpopular she was.

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Speaker 1: But the numbers all said she was unpopular. So when

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Speaker 1: they look at this, are they going to say did

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Speaker 1: they First of all, did they get kind of under

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Speaker 1: the impression that during the pandemic having Joe Biden not

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Speaker 1: come out was an effective way to campaign by saying nothing?

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Speaker 1: Were they misled by that? And will they change what

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Speaker 1: they do in the future. I mean, they obviously are

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Speaker 1: talking about how they'll change, but do they understand the

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Speaker 1: significance of what happened to them?

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Speaker 2: Listen, Tutor, I loved Lady Gaga. She's a great singer,

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Speaker 2: really super singer. I hope the Democrats continue.

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Speaker 3: To use it. I'm written for Lady Gaga.

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Speaker 2: I only want to Oprah Winfrey getting off at the end

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Speaker 2: and saying, if we lose, it'll be the last time

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Speaker 2: we vote in America. That was really stupid. But I

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Speaker 2: think George Clooney is a horrific actor, all right. I

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Speaker 2: know he's a left winger. I hope they continue to

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Speaker 2: use all those people. I'm rooting for him. I mean,

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Speaker 2: I hope they sit down and they say, the real

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Speaker 2: reason we lost is we didn't have the right Hollywood

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Speaker 2: singers on stage. That's because they are missing the point.

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Speaker 2: The issues were taking them down. Three quarters, I mean,

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Speaker 2: Paul's three quarters of the electorate said Biden Harris was

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Speaker 2: going in the wrong direction.

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Speaker 3: Okay, you know, you knew you couldn't win that way.

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Speaker 2: And Kamala did nothing to show them a different direction,

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Speaker 2: you know. I mean she was asked on the view,

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Speaker 2: what would you do different differently? And she says, I

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Speaker 2: can't think of anything. Really, she flunk the view. That's

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Speaker 2: that's impossible, beyond my comprehend.

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Speaker 1: I think she genuinely didn't have any depth. I think

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Speaker 1: she was serious when she said I can't think of

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Speaker 1: anything because I don't think she lives it. When I

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Speaker 1: would watch these interviews with Donald Trump, I'm like, he

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Speaker 1: can't be stumped because it's inside of him. He lives

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Speaker 1: it every day.

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Speaker 2: It is.

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Speaker 1: It's just part of who he is, is figuring out

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Speaker 1: all these issues. It was never part of who she was.

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Speaker 2: She was.

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Speaker 3: Trump is smart.

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Speaker 2: Trump listened as I said earlier. I mean, you know,

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Speaker 2: I'm very close to him. I worked for him for

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Speaker 2: three years. We're very close personal friends. I'll talk to

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Speaker 2: him constantly. Donald Trump has become a policy WoT. I'm

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Speaker 2: telling you that.

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Speaker 1: Would shock people. I think people want to think he's not.

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Speaker 2: I just say, yeah, I didn't let him think that.

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Speaker 2: He knows. I mean, listen, I live with it. It's

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Speaker 2: now been let's see twenty sixteen in the campaign. So

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Speaker 2: it's been eight years, almost nine years. His grasp of policy,

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Speaker 2: whether it's economy, foreign policy, immigration, tariffs, you name it is,

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Speaker 2: his grasp of policy has gotten greater and greater. This

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Speaker 2: is it's sort of a little interesting sub story, is

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Speaker 2: how good he has become.

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Speaker 3: He knows these issues, and he talks to all of us.

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Speaker 2: He talks to me, he talks to Lightheiser, he talks

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Speaker 2: to Scott Besson Minusian.

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Speaker 3: He's terrific. So you can see it, like he goes

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Speaker 3: on these radio she liked Rogan.

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Speaker 2: He goes on that show and he's completely fearless. He's

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Speaker 2: completely no notes, there's no teleprompter. He's completely fearless when

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Speaker 2: he does that. And all his rallies. Now I know,

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Speaker 2: he rips and he weaves in and out. I know

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Speaker 2: that's part of his charm, you know, Queen's New York charm.

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Speaker 2: He gets in the garbage truck, he goes to McDonald's.

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Speaker 2: That's part of his fabulous charm. But he knows this stuff.

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Speaker 3: See, he's not afraid to be interviewed by anybody. And

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Speaker 3: I think, you know this was a I forget.

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Speaker 1: Oh. I know.

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Speaker 3: A couple of weeks.

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Speaker 2: Ago, I was on the morning show on Fox News,

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Speaker 2: you know, Bill Hemmer and Dana Prier, and Bill asked

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Speaker 2: me about why does why does Biden Harris? Why do

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Speaker 2: they lie about numbers? They lie about jobs numbers for example.

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Speaker 2: I think that was the key one. The completelyne we

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Speaker 2: created all these jobs, Well that's not true. They were

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Speaker 2: bounced back jobs in the pandem And I just said,

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Speaker 2: you know the problem is from the day one, whether

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Speaker 2: it was they blamed inflation on Trump, they said they

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Speaker 2: inherited a depression from Trump. You know, they say Trump

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Speaker 2: Trump won to end abortions, ban abortions, just flat out lies,

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Speaker 2: And I think I think the public saw that and

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Speaker 2: saw it as a character flaw, and that diminished diminished

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Speaker 2: Comma it always and would have diminished Joe Biden. Also,

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Speaker 2: Trump may exaggerate, Okay, I get that, but on the

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Speaker 2: fundamental things, he can knock off all kinds of data

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Speaker 2: points and you know he will talk about take home

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Speaker 2: pay just as.

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Speaker 3: Well as I just did with you.

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Speaker 2: He knows that stuff, Paul, and that gives him tremendous advantage,

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Speaker 2: and it paid off.

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Speaker 3: I mean that.

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Speaker 2: I know there are a lot of big issues out

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Speaker 2: there and so forth, but I think people started looking

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Speaker 2: at Trump as a guy who was learned a lot

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Speaker 2: and would be an even better president in a second term.

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Speaker 2: And that is their hope and their dream, and that's

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Speaker 2: why they voted for him. He was the qualified candidate.

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Speaker 2: She flunked the qualified candidate.

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Speaker 1: Test, and it seems like he's learned even more having

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Speaker 1: a term off. And I think that people were saying,

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Speaker 1: how could this happen. It's like, well, God has an

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Speaker 1: interesting way of planning things out, because it seems like

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Speaker 1: he's going in there even stronger than he would have

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Speaker 1: had he gone right into his second term. I think

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Speaker 1: was something you're saying to me is just so valuable

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Speaker 1: right now because I saw so many candidates who didn't

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Speaker 1: do exactly what you just said, who didn't go out

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Speaker 1: and talk to everybody they could about all of the

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Speaker 1: different subjects. Nobody is a genius. Nobody just knows this

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Speaker 1: stuff off the top of their head. That's why you

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Speaker 1: have advisors, that's why you put smart people around you.

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Speaker 1: And that is so different about Donald Trump. He has

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Speaker 1: and that's what we heard from the Arab American community

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Speaker 1: here in Michigan. People go, how did he win the

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Speaker 1: Jewish community and the Arab community? While he went there

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Speaker 1: and he sat down with them and he said, tell

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Speaker 1: me about it. And then when he said, you make

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Speaker 1: the point of sometimes he's exaggerated. Sometimes he says something else.

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Speaker 1: He said something that they didn't like. They called him

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Speaker 1: and he came right back and he said, Okay, talk

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Speaker 1: to me about it. That's the difference between him and

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Speaker 1: other politicians. If he makes a mistake. He listens and

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Speaker 1: he adjusts, and he changes things for the people, not

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Speaker 1: for himself. He's a man of the people.

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Speaker 3: Yeah, I tell you, it's all very interesting.

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Speaker 2: You know. Like as I said, I've been with him

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Speaker 2: a long time and others friends of mine. It's just

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Speaker 2: all very interesting. And he has he has a tremendous

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Speaker 2: opportunity here.

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Speaker 3: This election.

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Speaker 2: Was tremendous mandate for change. I mean, the country does

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Speaker 2: not want this woke stuff, transgenderism with DEI, you know,

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Speaker 2: radical affirmative action. They don't want it. The country wants

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Speaker 2: a better economy. The country wants you know, safe borders

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Speaker 2: and say cities and so forth. The country wants to

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Speaker 2: end these wars, and the country wants to make sure

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Speaker 2: inflation stays down, cut the federal budget. You know, the

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Speaker 2: Elon Musk factor was very, very important in this race.

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Speaker 2: It's a mandate for change. They're saying to him, go ahead,

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Speaker 2: implement your promises. You know. In his speech Tuesday night,

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Speaker 2: which I thought was one of his better speeches, he said,

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Speaker 2: promise has made, promises kept. That's a big line. The

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Speaker 2: implications of that tutor are really really important, and he

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Speaker 2: is determined. I think he's really determined to make good

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Speaker 2: on the agenda that he proposed during the campaign. It's

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Speaker 2: a tremendous historical opportunity. And of course, let's look, his

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Speaker 2: victory Tuesday night marked the greatest political comeback in American history.

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Speaker 3: That is, in American history.

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Speaker 2: I know Grover Cleveland had two split terms, but those

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Speaker 2: were different times and completely different. What they did to

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Speaker 2: him while he was out of office, you know, with

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Speaker 2: the weaponization and the law fair throwing him in jail,

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Speaker 2: calling the names, etc. He just shrugged it off and

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Speaker 2: took a bullet at one point. So the greatest comeback

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Speaker 2: in history, the greatest comeback in history. But he's there now,

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Speaker 2: and he has this mandate for change, and I sincerely

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Speaker 2: believe he's going to make good on that mandate. Very

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Speaker 2: much like my other former boss, Ronald Reagan years ago.

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Speaker 2: You take three or four or five points, tutor, that's

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Speaker 2: all you need, and you implement and they have enormous

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Speaker 2: impact to change the direction of the country, you know,

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Speaker 2: get us on the right track. He talks about a

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Speaker 2: bolded age. He believes that stuff. He wont He is

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Speaker 2: the candidate of normalcy. They may yell at him and

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Speaker 2: accuse him of this. He didn't start that stuff they did.

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Speaker 2: He didn't start the Russian hopes they did. But I'm

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Speaker 2: just saying he's the candidate of normalcy and he's the guy.

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Speaker 2: As he said Tuesday night again, success will bring us together,

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Speaker 2: success will unite us. He believes that stuff, Trust me,

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Speaker 2: He believes that stuff from his heart and soul.

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Speaker 1: stick around. We've got more. With Larry Cudlow coming up here,

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Speaker 1: we see a kind of with him. We see Tausea Gabbard,

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00:24:02,119 --> 00:24:05,399
Speaker 1: we see Elon Musk. This is the Unity Party right now,

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Speaker 1: regardless of what someone says. But what you just said

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Speaker 1: to me, I think that we really saw the United

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Speaker 1: States of America, the overwhelming population of the country say

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Speaker 1: we will not allow this ruthless weaponization of government to

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Speaker 1: go after a political opponent and have a dictatorship in

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Speaker 1: one party rule. And I think too many people think

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Speaker 1: they overplayed their hand. They thought we'll get him, we'll

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Speaker 1: get him, we'll get him, and the American public said,

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Speaker 1: we've never seen this before. We will not let it stand.

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Speaker 1: I really think that people will go, well, how did

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Speaker 1: he withstand all of this? It's not us, it's not America.

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Speaker 2: I worry about you know, this special counsel Jack Smith,

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Speaker 2: who was trying to bust Trump. I worry about him

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Speaker 2: because he's as of this week, he's going to be unemployed.

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Speaker 2: It's going to need a job tutor. If you have

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Speaker 2: something for him, Detroit or Michigan. I need some help us.

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Speaker 1: Don't send him to Detroit. We've got enough corruption in Michigan.

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Speaker 1: We're good.

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Speaker 2: He's gonna be out there on the employment lines and

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Speaker 2: I hate to see that personally, Twitter, I got it, jump,

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Speaker 2: You're wonderful.

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Speaker 3: You will, Hey, well, come on the show, come on set.

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Speaker 1: With me, Hunter, I absolutely I will. I'm hoping that

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Speaker 1: I'll have a chance before you go in to Washington

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Speaker 1: and change everything up.

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Speaker 3: Oh oh, can't talk about any of that stuff.

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Speaker 1: Well, we're looking forward to seeing what you do. I

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Speaker 1: know you, I know he takes your advice. So whatever

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Speaker 1: you do, we're looking forward to watching you do it.

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Speaker 1: And thank you so much for coming on today.

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Speaker 3: Yeah, thank you. You're a great lady. I appreciate it

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Speaker 3: very very much.

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Speaker 1: Thank you, have a good day.