December 19, 2024 • 26 mins
In this episode, Lisa welcomes Larry Kudlow, a former advisor to President Donald Trump and current Fox Business Network host. The discussion centers on the economic landscape under Joe Biden, highlighting an "affordability crisis" marked by inflation outpacing wage growth. Kudlow contrasts this with economic gains during Trump's first term and outlines Trump's vision for "peace and prosperity" through economic growth, tax cuts, and deregulation. The conversation also touches on Trump's relationships with industry leaders, his personal challenges, and a growing sense of purpose and spirituality. The Truth with Lisa Boothe is part of the Clay Travis & Buck Sexton Podcast Network - new episodes debut every Monday & Thursday.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
We've got a big guest for this episode. I will
tell you who the guest is in just a moment.
But first, we saw President elect Donald Trump ring the
opening bell recently at the New York Stock Exchange. So
who was he surrounded by? He was surrounded by leaders
from Goldman, Sachs, City Group, Bryson Target, Pershing Squares, Bill Ackman.
(00:21):
The list goes on. We've also seen him recently meet
with Apples, Tim McCook, Amazon's Jeff Bezos, met as Mark Zuckerberg.
The list goes on. So how does Donald Trump use
this to his advantage? Now that we see all these
industry leaders, you know, wanting to be on the team,
wanting to get behind him, What does that mean for
the country? What does that mean for economy? President elect
(00:42):
Donald Trump campaigned on this new golden age for America.
What does that look like? How does he get us there?
After these past four years under Joe Biden, we have
a lot to look forward to under Donald Trump, and
I want to know exactly what that looks like and
what you can expect, what you can look forward to.
Most importantly, so I know he teased the guest the top.
(01:03):
Now I guess I'll tell you who it is. It's
Larry Cudlow. He's the host of Cudlow on Fox Business Network.
You know him. He also worked for Donald Trump under
the previous administration. He was the Assistant to the President
for Economic Policy and Director of the National Economic Council
for Donald Trump. He's also done a whole host of things.
He previously worked on Wall Street, he works for the
Reagan administration. The list goes on and on. He's a
(01:26):
very smart man, a very interesting man, and I suspect
that we're going to learn a lot from him, So
stay tuned for the great Larry Cudlow. Well, Larry Cudlow,
it's an honor to have you on the show. I'm
so excited for this. You are a busy man, so
we certainly appreciate you making the time.
Speaker 2 (01:46):
Well, it's great to be with you, Lisa, and you're
a great contributor to Fox News by the way, very.
Speaker 1 (01:52):
Good, Well, thank you, star the feeling. Well, you have
a show, so I love hearing everything you have to say,
you know. Okay, so let's start out with so you
previously served Well, you've done a whole bunch of things
in your life. But you know, you previously previously served
as the director of the National Economic Council for for
Donald Trump. You know, before we discussed what we're looking
(02:13):
forward to in these next four years, how would you
summarize the economy under Biden these past four years.
Speaker 2 (02:21):
Well, I think probably that the biggest factor is what
I call several years ago the affordability crisis, and I
kind of got President Trump to use that, and he did.
And the affordability crisis simply is that with high inflation,
(02:44):
prices have risen faster than wages. And that's especially you know,
acute and sensitive to middle income wage earners, lower income
wage earners. For basics, you know, it's a twenty percent
rise in prices on the Consumer Price Index, and when
(03:06):
you dig into things like electricity and gasoline and insurance
and automobiles and so forth, much higher. It could be
thirty five or forty percent higher. And so the wage
deficit is crimped middle income people. It's a kitchen table
(03:28):
issue and it was absolutely devastating for the whole four
year term, and of course the election, and this was
the problem related to that was the cause of the
problem was the bidens overspent. You know, some five or
six trillion dollars borrowed money, increasing the debt, but that
(03:52):
was the principal cause of inflation. And the Federal Reserve Board,
which creates money under whatever his name is, I can't
think his name, J Powell. Anyway, they bought the bonds,
monetized the debt, and poured new money into the economy.
(04:14):
So what you have here is a squeeze. Take home
pay fell for the entire period of Biden. I think
in the aggregate it was four or five percent decline
over four years. And last point I make is contrast
that with what happened during President Trump's first term, when
(04:36):
take home pay or real wages went up about nine percent.
So the swing was thirteen percent loss in take home pay,
which is extraordinary, and people rebelled against that. There were
many other factors in the elections, you know, but that
(04:56):
was a crucial factor in the economy. That was the
biggest problem, wasn't you know, things like it's not about GDP,
it's about whether people could afford to live in the
Biden economy, ordinary working folks, And the answer is they couldn't.
And so they voted their pocketbook, just like they do
in every election, and that pocketbook vote went to Donald Trump.
Speaker 1 (05:19):
It did you know, as you mentioned that, you know
that squeeze led to the economy being the top issue
for Americans across the country. You know, he campaigned on
this new golden age for America. What does that look
like over these next four years? And how does he
get us there?
Speaker 2 (05:36):
Well, you know, I love the term. We'll have to
you know, you and I and others will fill in
the blanks. I'm sure he'll help us. But the way
I look at it is basically peace and prosperity, a
new era of peace and prosperity. And I'm an old
(05:57):
Reagan guy. You know, I worked in Reagae Reagan's deputy
budget to omb director years ago, forty something years ago,
and Reagan campaigned on the same thing. You know, are
you better off than you were four years ago? But Trump,
of course con point to Biden's failures in foreign policy,
(06:19):
you know, the Afghanistan withdrawal, which was a shameful, embarrassing
thing for this country, which probably led to our adversaries
trying to take advantage of us right in Ukraine, Russia,
Ukraine and then Iran sponsoring the hamas Asblo war against Israel.
So I think what President Trump is saying is his
(06:43):
economic policies of tax cuts and deregulation and liquid gold
and so forth, combined with his ability to negotiate peace
throughout the world. And I think that's important. And from
an electoral standpoint, people don't like wars, you know, unless
(07:04):
you know something like World War two where the country
is in harm's way. But they don't like the boys
and girls to go across sea risk their lives get
shot up, those kinds of things. So I think of
it as peace and prosperity.
Speaker 1 (07:20):
We've got more with Larry Kudlow. But first, the Christmas
and Hanukah season is a time of hope and peace
for many of us, but for those in Israel facing
the ongoing war, it is a time of fear and uncertainty.
The hardships are felt by everyone, with many people struggling
to afford food and basic necessities during this holiday season,
many living through the war in the Holy Land or
(07:40):
grieving the loss of loved ones while also enduring isolation
and hunger. We must not let them feel forgotten by
the rest of the world. That's why I'm partnering with
the International Fellowship of Christians and Jews. Your special holiday
gift to the Fellowship helps provide a Hanuka food box
filled with basic necessities and essentials to bring nourishment, warmth,
and comfort to someone in need. Give the gift of
(08:02):
hope and answer prayers this holiday season. Go to support
IFCJ dot org to donate now that support IFDJ dot org,
or you can call the gift at eight eight eight
or eight eight I f c J. That's eight eight
eight four eight eight or three two five. We saw
(08:22):
Donald Trump ring the opening bell at the New York
Stock Exchange. He was surrounded by leaders from Goldman, Sachs,
City Group, Verizon, Target, you know, Pershing Squares, Bill Lackman.
He's also met with Tim Cook, Apples, Timcook, and Amazon,
Jeff Bezos. You know, the list goes on and on.
How does he use this coalescing of industry leaders behind
him to his advantage?
Speaker 2 (08:43):
President Trump is a person who likes to reach out.
He's constantly on the phone, and he's constantly meeting with people,
you know, whether it's breakfast, lunch, or dinner, or just
meetings in the oval or wherever. Logo and I think
(09:05):
it's interesting that his campaign was so good this time around,
and his shall we say, presentation, his messaging, his policies
that would not only extend the tax cuts, but you know,
(09:26):
two point zero fifteen percent corporate tax and tax free
tips and so forth, tax free overtime. He's a pro business,
pro business guy. I mean, he wants growth. He's a
growth guy. He's really a supply sider. And these businessmen,
(09:49):
some of whom I think mistakenly criticized him and lined
up against him in twenty twenty over issues that were
not Trump's making, and Trump's was victimized by the left
and some of the woke cultural problems that these CEOs
(10:10):
lunged into DEI and now wish they hadn't after this election.
So I think there's a coming together which will help. Now,
you know, it's just a step back for a second, Lisa,
the economy is not really I mean, it's a complicated matter,
but it's small businesses that really dominate the American economy.
(10:37):
All right. About eighty percent of the jobs and output
comes from smaller business, not the behemoth corporations. But the
large corporations are important. And of course many of the
small businesses you know, exist because they helped the large corporations.
(10:57):
So you have all these CEOs coming to and now
it's almost me a kulpa, you know the term. I
don't like the term kiss the ring because these are
adults and they're very wealthy people. But they're saying, we
like the way you handle the campaign, we like your
message of deregulation and tax cuts and growth, and we
(11:22):
want to help you. And they're all backing away. They're
running away from things like DEI or you know, other
woke cultural issues, and so I think this is good,
you know, I think you know it's true. By the way,
not like corporate leaders, but as I'm sure you observe,
(11:42):
foreign leaders are taking to Trump now in a way
that they certainly didn't during the campaign. Even I noticed
the foreign media, the European media, which is just as
left wing as ours, if not more so, are treating
Trump with a lot more respect at the moment. At
(12:06):
least I was just noticing. I'm not going to name names,
but an editor of the Financial Times that I've known
for a long time gave an interview on MSNBC and
was positively glowing about Donald Trump promoting animal spirits in
the economy and this is a woman who's never had
a good thing to say about it in fifteen years.
(12:28):
But anyway, I noticed these things, and then it's all good.
It's all good. It's a honeymoon period probably the likes
of which we've never really seen, at least going back
forardy years to the Reagan days. And I think it's
a very positive, very positive thing. And I hope, certainly
(12:50):
hope the President takes full advantage of it politically to
drive his agenda through Congress.
Speaker 1 (12:56):
I do too, and I hope Congress gets on board.
You know, we've seen some reason existence with you know,
the incoming nominations in the Senate and then as well
as you know this fight in the House on this CR.
I want to ask you because you also know before
we go. You know Donald Trump, you know the man, right,
He's faced a lot, with the impeachments, with the potential,
you know, putting him in jail, trying to put him
(13:17):
in jail, with two assassination attempts, one with a bullet
through his ear. How has all of that changed Donald
Trump as the man? And how do you think that
will shape this next term that he'll have.
Speaker 2 (13:31):
Well? I do know him well, I mean, I was
an advisor in the first term, but the last four
years we've become personally very very friendly, and my saintly
wife Judy, I think he has changed some. I think
he's a little more circumspect about life and issues and
(13:59):
even deal with his opponents and adversaries politically and internationally.
I think, look, he as you know, Lisa, he has
said that providentially God spared his life, and he has
(14:20):
come to believe that that act of God has spared
him for a purpose, a purpose to improve and perhaps
save America, save the United States, turn it around, bring
it back to greatness. In this golden air you mentioned
(14:42):
or he's mentioned, and I think he's been able to
detach from some of the day to day you know,
bric a bracts and insults that always happen in politics.
I think he's developed the capability to detach from that
(15:04):
much more than perhaps four years ago or eight years
ago when he first nine years ago, when he first
started running. And I think that's a very admirable trait,
a very admirable trait. And he has mentioned several times,
(15:29):
but in particular I wrote about this and talked about
it on the TV show in the radio he's mentioned that.
He said people around the country, including his family members,
have become more religious as a result of this whole experience.
(15:51):
And I think that's a wonderful thing. I think it's
a wonderful thing that he says that, you know, the
culture wars, the left doesn't like religion. The left tries
to keep God out of everything. One of my oldest
friends and mentors, the late William F. Buckley Junior, you know,
(16:15):
I was for a while senior editor of National Review.
Always talked about that. Bill Buckley and I always talked
about that. Bill wrote about some books, you cannot have
a great country, or you cannot have solid, old fashioned,
(16:39):
valued middle class families, or schools, education, or communities without
religion without some Judeo Christian acknowledgment. Now, you know, Lisa,
I myself, I'm a Catholic convert thirty years ago, and
(17:04):
so I'm particularly attuned to this and spent some time
talking about it on the air when the president. When
the President made these statements to I guess one of
the spots was the Time magazine interview for his Man
(17:25):
of the Year award, But he said it before, and
he said it privately, and I think that's a wonderful thing.
I mean, I think that's a tremendous thing. I think
that there will be much more freedom and latitude and
popularity to pursue, you know, more religious, godly spiritual things
(17:52):
in the years ahead. Trump will defend that least, he
will defend that and stop the Left from trying to
race God from our life and our culture. And that's
you know, something that will knit us all together much better,
heal divisions and you know, make life more comfortable for everybody.
Speaker 1 (18:15):
I love the way that you said all that. We've
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Radio dot com or call eight four four eight two
four Safe Today to protect what matters the most. Larry Cublow,
it's an honor to have you on. I've learned so
much from you. I've also I'm rethinking my use of
kiss the Ring now after you said that earlier, because
I have definitely definitely used kissed the Ring, So it
(19:41):
made me rethink that.
Speaker 2 (19:43):
It's I don't you know, I understand why the media
would go there, but that's not what's really happening. You know,
these are guys, I mean just as in a side.
I know Tim Cook of Apple, I know him very well.
We became very friendly in the first term, and our
(20:05):
friendship has continued. And by the way, Tim Cook got
along very well with President Trump during the first term.
Tim may have somewhat different somewhat different cultural values, but
he's a great businessman and loves the tax cuts and deregulation.
I remember one of the one of the biggest things
(20:27):
in the campaign was when Trump met with the Business
Roundtable CEOs, which I believe was correct me, but I
think it was sometime in the middle of October, early
October one hundred and fifty CEO you know, all the
big corporate big shot et cetera. Not necessarily our crowdly
(20:50):
so okay, believe me, but.
Speaker 1 (20:52):
I don't know if I would be invited to that one.
Speaker 2 (20:56):
Interestingly, they asked me to end you, which which I
thought was quite interesting. And so we did this interview
for an hour and Trump was splendid. He was just splendid,
and you could have heard a pin drop in this room. Okay,
it was really quite something. Anyway, when it was over,
(21:19):
Tim Cook came up to me, you know, and I
hadn't seen him in a bit, and we re engaged
and had long talk and he loved what Trump did. Uh,
he complimented me, but you know that I interview people
for a living. But the big thing was what Trump
said at that meeting, which was you know, superb, A
plus type stuff. And he said and that Trump had
(21:42):
left his entourage on to the next stop. But you know,
Tim said, how can I how can I I want to,
you know, talk to the president. And I said, well,
you know, I will get in touch with his people
and arrange it right away. And so I'm just saying
that there's always been a more goodwill than some media
(22:02):
people would have you believe, with these business types, the
big business types. But there is a flowering now, there's
no question about that. And I think that's good. And
you know they're all donating millions to the inaugural and
so forth, and that's fine, you know what I mean.
Trump Trump is a guy who he forgives. He forgives.
(22:27):
He may be annoyed, angry or whatever, but he forgives.
He'll talk things through. It's one of his wonderful, brilliant
traits as a human being. He won't stay manager for long,
you know, if you if you treat him with respect.
And I just wanted to single out Tim Cook because
I think he's an extraordinary business leader and somewhat typifies
(22:51):
the new shall we say, the new the new attitude
towards Trump.
Speaker 1 (22:57):
I think that's it's very interesting insight, and I'm glad
you pointed that out. It's also interesting because I was
thinking through you know, Trump has previously said that success
would unite the country and will unite the country. But
it's almost like Biden's failure has also united the country.
And you know, as you were pointing out, you know,
these titans of industry as well as just the American
people feeling the burden of the past four years and realizing,
(23:20):
you know, actually we were much better under Donald Trump
than we are now. So it's almost like that failure
has brought us all together as a country looking forward to,
you know, something better in this golden age what it.
Speaker 2 (23:32):
Did list it's a good point you make it. I
would put it a little differently. I think the Biden
failures set the stage for the Trump victory, and I
think President Trump has done a great job of repeatedly
saying that success, as I said, peace and prosperity will
(23:59):
end divisions and unite the country. And bring us together.
I think Biden's failure set the stage, and I think
mister Trump took advantage of that with a completely different,
you know, upbeat, unifying message. And one last point. There
people who expect Trump, you know, the far left, they're
(24:21):
always projecting there's going to be retribution and all this,
and I would say to you know, there won't be. No,
there won't be. That is not Trump. That was never Trump.
By the way, the worst of the Russia Russia hoax
and all that nonsense that has been disproven. Trump would
always say to me, say to us in meetings in
(24:42):
the Oval, or if we were in the in the
you know, family quarter or something, he says, I don't
want this. I don't want this. He didn't bring it.
They brought it.
Speaker 1 (24:52):
And and.
Speaker 2 (24:55):
He is really this is the this is the side
of Trump that we know if you know him personally,
you're seeing now publicly the side of Trump that we
have always known.
Speaker 1 (25:06):
Well. I've always found him to be lovely, you know,
he's he's so warm, he's funny, yes, and he's so personable.
Speaker 2 (25:15):
Come up to you and give you a big hug,
and he means it.
Speaker 1 (25:18):
Yeah, I'm very much looking forward to these next four years.
It feels like this weight has just been lifted off
the country, you know, an offer of her shoulders, and
none of it would have been would have been possible
if if Trump hadn't kept fighting, Yes, through everything he's
put through.
Speaker 2 (25:34):
One hundred percent.
Speaker 1 (25:35):
Absolutely, Larry Cudlow, it's an honor to have you on
the show, host of Cudlow on Fox Business.
Speaker 2 (25:42):
Uh.
Speaker 1 (25:42):
You're a very smart man, always interested in hearing what
you have to say, and it is truly an honor
for you to give us your time today. So I
really appreciate it, sir.
Speaker 2 (25:51):
Thanks Lisa, my great pleasure. Good luck to you.
Speaker 1 (25:53):
That was Larry Cudlow. Such an honor to have him
on the show. That was so interesting. So I really
appreciate his time for coming on. Appreciate you guys at
home for listening every Monday and Thursday, but you can
listen throughout the week. I also want to thank John
Cassio and my producer for putting the show together. Until
next time,
We've got a big guest for this episode. I will
tell you who the guest is in just a moment.
But first, we saw President elect Donald Trump ring the
opening bell recently at the New York Stock Exchange. So
who was he surrounded by? He was surrounded by leaders
from Goldman, Sachs, City Group, Bryson Target, Pershing Squares, Bill Ackman.
(00:21):
The list goes on. We've also seen him recently meet
with Apples, Tim McCook, Amazon's Jeff Bezos, met as Mark Zuckerberg.
The list goes on. So how does Donald Trump use
this to his advantage? Now that we see all these
industry leaders, you know, wanting to be on the team,
wanting to get behind him, What does that mean for
the country? What does that mean for economy? President elect
(00:42):
Donald Trump campaigned on this new golden age for America.
What does that look like? How does he get us there?
After these past four years under Joe Biden, we have
a lot to look forward to under Donald Trump, and
I want to know exactly what that looks like and
what you can expect, what you can look forward to.
Most importantly, so I know he teased the guest the top.
(01:03):
Now I guess I'll tell you who it is. It's
Larry Cudlow. He's the host of Cudlow on Fox Business Network.
You know him. He also worked for Donald Trump under
the previous administration. He was the Assistant to the President
for Economic Policy and Director of the National Economic Council
for Donald Trump. He's also done a whole host of things.
He previously worked on Wall Street, he works for the
Reagan administration. The list goes on and on. He's a
(01:26):
very smart man, a very interesting man, and I suspect
that we're going to learn a lot from him, So
stay tuned for the great Larry Cudlow. Well, Larry Cudlow,
it's an honor to have you on the show. I'm
so excited for this. You are a busy man, so
we certainly appreciate you making the time.
Speaker 2 (01:46):
Well, it's great to be with you, Lisa, and you're
a great contributor to Fox News by the way, very.
Speaker 1 (01:52):
Good, Well, thank you, star the feeling. Well, you have
a show, so I love hearing everything you have to say,
you know. Okay, so let's start out with so you
previously served Well, you've done a whole bunch of things
in your life. But you know, you previously previously served
as the director of the National Economic Council for for
Donald Trump. You know, before we discussed what we're looking
(02:13):
forward to in these next four years, how would you
summarize the economy under Biden these past four years.
Speaker 2 (02:21):
Well, I think probably that the biggest factor is what
I call several years ago the affordability crisis, and I
kind of got President Trump to use that, and he did.
And the affordability crisis simply is that with high inflation,
(02:44):
prices have risen faster than wages. And that's especially you know,
acute and sensitive to middle income wage earners, lower income
wage earners. For basics, you know, it's a twenty percent
rise in prices on the Consumer Price Index, and when
(03:06):
you dig into things like electricity and gasoline and insurance
and automobiles and so forth, much higher. It could be
thirty five or forty percent higher. And so the wage
deficit is crimped middle income people. It's a kitchen table
(03:28):
issue and it was absolutely devastating for the whole four
year term, and of course the election, and this was
the problem related to that was the cause of the
problem was the bidens overspent. You know, some five or
six trillion dollars borrowed money, increasing the debt, but that
(03:52):
was the principal cause of inflation. And the Federal Reserve Board,
which creates money under whatever his name is, I can't
think his name, J Powell. Anyway, they bought the bonds,
monetized the debt, and poured new money into the economy.
(04:14):
So what you have here is a squeeze. Take home
pay fell for the entire period of Biden. I think
in the aggregate it was four or five percent decline
over four years. And last point I make is contrast
that with what happened during President Trump's first term, when
(04:36):
take home pay or real wages went up about nine percent.
So the swing was thirteen percent loss in take home pay,
which is extraordinary, and people rebelled against that. There were
many other factors in the elections, you know, but that
(04:56):
was a crucial factor in the economy. That was the
biggest problem, wasn't you know, things like it's not about GDP,
it's about whether people could afford to live in the
Biden economy, ordinary working folks, And the answer is they couldn't.
And so they voted their pocketbook, just like they do
in every election, and that pocketbook vote went to Donald Trump.
Speaker 1 (05:19):
It did you know, as you mentioned that, you know
that squeeze led to the economy being the top issue
for Americans across the country. You know, he campaigned on
this new golden age for America. What does that look
like over these next four years? And how does he
get us there?
Speaker 2 (05:36):
Well, you know, I love the term. We'll have to
you know, you and I and others will fill in
the blanks. I'm sure he'll help us. But the way
I look at it is basically peace and prosperity, a
new era of peace and prosperity. And I'm an old
(05:57):
Reagan guy. You know, I worked in Reagae Reagan's deputy
budget to omb director years ago, forty something years ago,
and Reagan campaigned on the same thing. You know, are
you better off than you were four years ago? But Trump,
of course con point to Biden's failures in foreign policy,
(06:19):
you know, the Afghanistan withdrawal, which was a shameful, embarrassing
thing for this country, which probably led to our adversaries
trying to take advantage of us right in Ukraine, Russia,
Ukraine and then Iran sponsoring the hamas Asblo war against Israel.
So I think what President Trump is saying is his
(06:43):
economic policies of tax cuts and deregulation and liquid gold
and so forth, combined with his ability to negotiate peace
throughout the world. And I think that's important. And from
an electoral standpoint, people don't like wars, you know, unless
(07:04):
you know something like World War two where the country
is in harm's way. But they don't like the boys
and girls to go across sea risk their lives get
shot up, those kinds of things. So I think of
it as peace and prosperity.
Speaker 1 (07:20):
We've got more with Larry Kudlow. But first, the Christmas
and Hanukah season is a time of hope and peace
for many of us, but for those in Israel facing
the ongoing war, it is a time of fear and uncertainty.
The hardships are felt by everyone, with many people struggling
to afford food and basic necessities during this holiday season,
many living through the war in the Holy Land or
(07:40):
grieving the loss of loved ones while also enduring isolation
and hunger. We must not let them feel forgotten by
the rest of the world. That's why I'm partnering with
the International Fellowship of Christians and Jews. Your special holiday
gift to the Fellowship helps provide a Hanuka food box
filled with basic necessities and essentials to bring nourishment, warmth,
and comfort to someone in need. Give the gift of
(08:02):
hope and answer prayers this holiday season. Go to support
IFCJ dot org to donate now that support IFDJ dot org,
or you can call the gift at eight eight eight
or eight eight I f c J. That's eight eight
eight four eight eight or three two five. We saw
(08:22):
Donald Trump ring the opening bell at the New York
Stock Exchange. He was surrounded by leaders from Goldman, Sachs,
City Group, Verizon, Target, you know, Pershing Squares, Bill Lackman.
He's also met with Tim Cook, Apples, Timcook, and Amazon,
Jeff Bezos. You know, the list goes on and on.
How does he use this coalescing of industry leaders behind
him to his advantage?
Speaker 2 (08:43):
President Trump is a person who likes to reach out.
He's constantly on the phone, and he's constantly meeting with people,
you know, whether it's breakfast, lunch, or dinner, or just
meetings in the oval or wherever. Logo and I think
(09:05):
it's interesting that his campaign was so good this time around,
and his shall we say, presentation, his messaging, his policies
that would not only extend the tax cuts, but you know,
(09:26):
two point zero fifteen percent corporate tax and tax free
tips and so forth, tax free overtime. He's a pro business,
pro business guy. I mean, he wants growth. He's a
growth guy. He's really a supply sider. And these businessmen,
(09:49):
some of whom I think mistakenly criticized him and lined
up against him in twenty twenty over issues that were
not Trump's making, and Trump's was victimized by the left
and some of the woke cultural problems that these CEOs
(10:10):
lunged into DEI and now wish they hadn't after this election.
So I think there's a coming together which will help. Now,
you know, it's just a step back for a second, Lisa,
the economy is not really I mean, it's a complicated matter,
but it's small businesses that really dominate the American economy.
(10:37):
All right. About eighty percent of the jobs and output
comes from smaller business, not the behemoth corporations. But the
large corporations are important. And of course many of the
small businesses you know, exist because they helped the large corporations.
(10:57):
So you have all these CEOs coming to and now
it's almost me a kulpa, you know the term. I
don't like the term kiss the ring because these are
adults and they're very wealthy people. But they're saying, we
like the way you handle the campaign, we like your
message of deregulation and tax cuts and growth, and we
(11:22):
want to help you. And they're all backing away. They're
running away from things like DEI or you know, other
woke cultural issues, and so I think this is good,
you know, I think you know it's true. By the way,
not like corporate leaders, but as I'm sure you observe,
(11:42):
foreign leaders are taking to Trump now in a way
that they certainly didn't during the campaign. Even I noticed
the foreign media, the European media, which is just as
left wing as ours, if not more so, are treating
Trump with a lot more respect at the moment. At
(12:06):
least I was just noticing. I'm not going to name names,
but an editor of the Financial Times that I've known
for a long time gave an interview on MSNBC and
was positively glowing about Donald Trump promoting animal spirits in
the economy and this is a woman who's never had
a good thing to say about it in fifteen years.
(12:28):
But anyway, I noticed these things, and then it's all good.
It's all good. It's a honeymoon period probably the likes
of which we've never really seen, at least going back
forardy years to the Reagan days. And I think it's
a very positive, very positive thing. And I hope, certainly
(12:50):
hope the President takes full advantage of it politically to
drive his agenda through Congress.
Speaker 1 (12:56):
I do too, and I hope Congress gets on board.
You know, we've seen some reason existence with you know,
the incoming nominations in the Senate and then as well
as you know this fight in the House on this CR.
I want to ask you because you also know before
we go. You know Donald Trump, you know the man, right,
He's faced a lot, with the impeachments, with the potential,
you know, putting him in jail, trying to put him
(13:17):
in jail, with two assassination attempts, one with a bullet
through his ear. How has all of that changed Donald
Trump as the man? And how do you think that
will shape this next term that he'll have.
Speaker 2 (13:31):
Well? I do know him well, I mean, I was
an advisor in the first term, but the last four
years we've become personally very very friendly, and my saintly
wife Judy, I think he has changed some. I think
he's a little more circumspect about life and issues and
(13:59):
even deal with his opponents and adversaries politically and internationally.
I think, look, he as you know, Lisa, he has
said that providentially God spared his life, and he has
(14:20):
come to believe that that act of God has spared
him for a purpose, a purpose to improve and perhaps
save America, save the United States, turn it around, bring
it back to greatness. In this golden air you mentioned
(14:42):
or he's mentioned, and I think he's been able to
detach from some of the day to day you know,
bric a bracts and insults that always happen in politics.
I think he's developed the capability to detach from that
(15:04):
much more than perhaps four years ago or eight years
ago when he first nine years ago, when he first
started running. And I think that's a very admirable trait,
a very admirable trait. And he has mentioned several times,
(15:29):
but in particular I wrote about this and talked about
it on the TV show in the radio he's mentioned that.
He said people around the country, including his family members,
have become more religious as a result of this whole experience.
(15:51):
And I think that's a wonderful thing. I think it's
a wonderful thing that he says that, you know, the
culture wars, the left doesn't like religion. The left tries
to keep God out of everything. One of my oldest
friends and mentors, the late William F. Buckley Junior, you know,
(16:15):
I was for a while senior editor of National Review.
Always talked about that. Bill Buckley and I always talked
about that. Bill wrote about some books, you cannot have
a great country, or you cannot have solid, old fashioned,
(16:39):
valued middle class families, or schools, education, or communities without
religion without some Judeo Christian acknowledgment. Now, you know, Lisa,
I myself, I'm a Catholic convert thirty years ago, and
(17:04):
so I'm particularly attuned to this and spent some time
talking about it on the air when the president. When
the President made these statements to I guess one of
the spots was the Time magazine interview for his Man
(17:25):
of the Year award, But he said it before, and
he said it privately, and I think that's a wonderful thing.
I mean, I think that's a tremendous thing. I think
that there will be much more freedom and latitude and
popularity to pursue, you know, more religious, godly spiritual things
(17:52):
in the years ahead. Trump will defend that least, he
will defend that and stop the Left from trying to
race God from our life and our culture. And that's
you know, something that will knit us all together much better,
heal divisions and you know, make life more comfortable for everybody.
Speaker 1 (18:15):
I love the way that you said all that. We've
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(19:20):
Radio dot com or call eight four four eight two
four Safe Today to protect what matters the most. Larry Cublow,
it's an honor to have you on. I've learned so
much from you. I've also I'm rethinking my use of
kiss the Ring now after you said that earlier, because
I have definitely definitely used kissed the Ring, So it
(19:41):
made me rethink that.
Speaker 2 (19:43):
It's I don't you know, I understand why the media
would go there, but that's not what's really happening. You know,
these are guys, I mean just as in a side.
I know Tim Cook of Apple, I know him very well.
We became very friendly in the first term, and our
(20:05):
friendship has continued. And by the way, Tim Cook got
along very well with President Trump during the first term.
Tim may have somewhat different somewhat different cultural values, but
he's a great businessman and loves the tax cuts and deregulation.
I remember one of the one of the biggest things
(20:27):
in the campaign was when Trump met with the Business
Roundtable CEOs, which I believe was correct me, but I
think it was sometime in the middle of October, early
October one hundred and fifty CEO you know, all the
big corporate big shot et cetera. Not necessarily our crowdly
(20:50):
so okay, believe me, but.
Speaker 1 (20:52):
I don't know if I would be invited to that one.
Speaker 2 (20:56):
Interestingly, they asked me to end you, which which I
thought was quite interesting. And so we did this interview
for an hour and Trump was splendid. He was just splendid,
and you could have heard a pin drop in this room. Okay,
it was really quite something. Anyway, when it was over,
(21:19):
Tim Cook came up to me, you know, and I
hadn't seen him in a bit, and we re engaged
and had long talk and he loved what Trump did. Uh,
he complimented me, but you know that I interview people
for a living. But the big thing was what Trump
said at that meeting, which was you know, superb, A
plus type stuff. And he said and that Trump had
(21:42):
left his entourage on to the next stop. But you know,
Tim said, how can I how can I I want to,
you know, talk to the president. And I said, well,
you know, I will get in touch with his people
and arrange it right away. And so I'm just saying
that there's always been a more goodwill than some media
(22:02):
people would have you believe, with these business types, the
big business types. But there is a flowering now, there's
no question about that. And I think that's good. And
you know they're all donating millions to the inaugural and
so forth, and that's fine, you know what I mean.
Trump Trump is a guy who he forgives. He forgives.
(22:27):
He may be annoyed, angry or whatever, but he forgives.
He'll talk things through. It's one of his wonderful, brilliant
traits as a human being. He won't stay manager for long,
you know, if you if you treat him with respect.
And I just wanted to single out Tim Cook because
I think he's an extraordinary business leader and somewhat typifies
(22:51):
the new shall we say, the new the new attitude
towards Trump.
Speaker 1 (22:57):
I think that's it's very interesting insight, and I'm glad
you pointed that out. It's also interesting because I was
thinking through you know, Trump has previously said that success
would unite the country and will unite the country. But
it's almost like Biden's failure has also united the country.
And you know, as you were pointing out, you know,
these titans of industry as well as just the American
people feeling the burden of the past four years and realizing,
(23:20):
you know, actually we were much better under Donald Trump
than we are now. So it's almost like that failure
has brought us all together as a country looking forward to,
you know, something better in this golden age what it.
Speaker 2 (23:32):
Did list it's a good point you make it. I
would put it a little differently. I think the Biden
failures set the stage for the Trump victory, and I
think President Trump has done a great job of repeatedly
saying that success, as I said, peace and prosperity will
(23:59):
end divisions and unite the country. And bring us together.
I think Biden's failure set the stage, and I think
mister Trump took advantage of that with a completely different,
you know, upbeat, unifying message. And one last point. There
people who expect Trump, you know, the far left, they're
(24:21):
always projecting there's going to be retribution and all this,
and I would say to you know, there won't be. No,
there won't be. That is not Trump. That was never Trump.
By the way, the worst of the Russia Russia hoax
and all that nonsense that has been disproven. Trump would
always say to me, say to us in meetings in
(24:42):
the Oval, or if we were in the in the
you know, family quarter or something, he says, I don't
want this. I don't want this. He didn't bring it.
They brought it.
Speaker 1 (24:52):
And and.
Speaker 2 (24:55):
He is really this is the this is the side
of Trump that we know if you know him personally,
you're seeing now publicly the side of Trump that we
have always known.
Speaker 1 (25:06):
Well. I've always found him to be lovely, you know,
he's he's so warm, he's funny, yes, and he's so personable.
Speaker 2 (25:15):
Come up to you and give you a big hug,
and he means it.
Speaker 1 (25:18):
Yeah, I'm very much looking forward to these next four years.
It feels like this weight has just been lifted off
the country, you know, an offer of her shoulders, and
none of it would have been would have been possible
if if Trump hadn't kept fighting, Yes, through everything he's
put through.
Speaker 2 (25:34):
One hundred percent.
Speaker 1 (25:35):
Absolutely, Larry Cudlow, it's an honor to have you on
the show, host of Cudlow on Fox Business.
Speaker 2 (25:42):
Uh.
Speaker 1 (25:42):
You're a very smart man, always interested in hearing what
you have to say, and it is truly an honor
for you to give us your time today. So I
really appreciate it, sir.
Speaker 2 (25:51):
Thanks Lisa, my great pleasure. Good luck to you.
Speaker 1 (25:53):
That was Larry Cudlow. Such an honor to have him
on the show. That was so interesting. So I really
appreciate his time for coming on. Appreciate you guys at
home for listening every Monday and Thursday, but you can
listen throughout the week. I also want to thank John
Cassio and my producer for putting the show together. Until
next time,
The Clay Travis and Buck Sexton Show News
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Clay Travis
Buck Sexton
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