Byron Donalds: Biden has been a disaster with economic leadership

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LARRY: TURNING THE TRUMP BOOM INTO A BIDENOMICS BUST, MR. BIDEN IS BLAMING PRESIDENT TRUMP. GO FIGURE. TO TALK ABOUT THIS AND A FEW OTHER THINGS WE WELCOME BACK TO THE SHOW THE GATE BYRON DONALDS, FLORIDA CONGRESSMAN. WELCOME TO THE SHOW. FIRST OF ALL, HERE'S WHAT PRESIDENT TRUMP SAID IN OUR INTERVIEW YESTERDAY, JUST LISTEN TO THIS SOUND FOR ONE MOMENT. >> IT'S A DISGRACE. WE HAD THE GREATEST ECONOMY IN THE HISTORY -- WE GOT HIT BY THE PANDEMIC AND ALL THOSE JOBS WERE COMING BACK, AND WE HAD 'EM BACK. ALL OF THOSE JOBS WE CREATED AT A LEVEL WEAVER NEVER SEEN BEFORE -- WE'VE NEVER SEEN BEFORE, THEY WERE POURING BACK. AND I MEAN, HERE'S ONE NUMBER. THE MORTGAGE RATE'S ALMOST AT 8%, AND YOU DON'T SAY THERE'S ONE OTHER THING, YOU CAN'T GET A MORTGAGE. PEOPLE AREN'T ABLE TO GET A MORTGAGE. AND WE HAD IT DOWN TO 2.65, EVEN LOWER THAN THAT. OUR GASOLINE PRICE, YOU KNOW, THE GASOLINE PRICES AROUND $2, WE ACTUALLY HAD IT DOWN MUCH LOWER THAN THAT FOR A BIG PORTION OF TIME. WE WERE DOING A FANTASTIC JOB. LARRY: ALL RIGHT, THERE YOU HAVE IT. SO, BYRON, YOU'RE A MONEY GUY, YOU'RE A FINANCIAL GUY, YOU KNOW THIS STUFF COLD. WE'VE GOT A COUPLE OF TABLES JUST TO THROW UP, AND I'M TOLD YOU CAN SEE THE TABLES. FIRST OF ALL, ON JOBS CREATEDDED, FIRST 30 MONTHS TRUMP, 4.9 MILLION. JOE BIDEN, 2.1 MILLION. AND MANUFACTURING JOBS, TRUMP 454,000, BIDEN HALF, 204,000. AND THEN THE MORTGAGE RATE, 2.65 UNDER TRUMP, IT'S NOW 7.5% AND RISING, IF YOU CAN GET A MORTGAGE. AND ONE OTHER THING, CONGRESSMAN. I DON'T KNOW IF YOU CAN SEE THIS, THE INFLATION CHART, CPI HAS GONE UP 17%, 30 MONTHS OF BIDEN. UNDER MR. TRUMP IT WAS ONLY 6%. AVERAGE ANNUAL RATE, THIS IS THE KILLER, SO FAR BIDEN 7.4% AT AN ANNUAL RATE, TRUMP 1.9%. AND THEN TRUMP GROCERIES, 2, BIDEN +202. AND -- +20. GASOLINE ABOUT 3.87 TODAY, AAA NATIONWIDE. MR. TRUMP'S WAS JUST ABOVE $2. I GUESS, YOU AND I HAVE TALKED, IT'S A MYSTERY TO ME HOW BIDEN CAN BLAME TRUMP AND SAY I WAS RIGHT AND HE WAS WRONG. I DON'T GET IT. >> WELL, LOOK, JOE BIDEN LIES. THIS IS WHAT A HE DOES. FIRST AND FOREMOST, LARRY, YOU GO BACK TO THOSE CHARTS, THE THING THAT'S MOST DEVASTATING, THE MORTGAGE RATE, OBVIOUSLY, 7.5 CONVERSELY TO 2.6, 2.7 UNDER DONALD TRUMP? BUT THE 20% INCREASE IN GROCERIES. WHO'S PAYING THAT? POOR PEOPLE PAY IT, WORKING A FAMILIES PAY IT, BLUE COLLAR WORKERS PAY IT, SUBURBAN MOMS PAY IT. THEY'RE THE ONES THAT ARE STRUGGLING UNDER JOE BIDEN'S ECONOMY. THAT'S WHY IT'S BEEN A DISASTER. AND HE RUNS AROUND TALKING ABOUT ALL THE JOBS HE CREATED. THIS IS THE SAME PRESIDENT WHO TRIED TO GET PEOPLE FIRED IF THEY DIDN'T TAKE THE CAN COVID VACCINE SHOT. THIS IS THE SAME PARTY THAT KEPT OUR ECONOMY CLOSED FAR LONGER THAN IT SHOULD HAVE BEEN. JOE BIDEN, WHEN HE CAME INTO OFFICE, THE ONLY TO THING HE NEEDED TO DO WHICH WAS GO ON VACATION AND DO NOTHING BECAUSE THE BUILDING BLOCKS THAT WERE SET IN PLACE BY PRESIDENT TRUMP WERE GOING TO BRING AMERICA BACK, AND HE HAS DESTROYED OUR AMERICAN ECONOMY. HE'S BEEN A DISASTER WHEN IT COMES TO ECONOMIC LEADERSHIP. LARRY: YOU KNOW,ING BYRON, I WAS JUST THINKING AS YOU WERE TALKING, FOR MIDDLE CLASS FOLKS, FOR LOWER MIDDLE CLASS FOLKS AND FOR THOSE AT THE LOWER END WHO ARE TRYING TO CLIMB THE LADDER UP, WHAT YOU'RE SAYING, FIRST OF ALL, THE MORTGAGE RATE IS IMPORTANT. SEC OF ALL, THE PRICE -- SECOND OF ALL, THE PRICE OF GASOLINE IS IMPORTANT. AND THIRD OF ALL, GROCERIES. AND THOSE HAVE BEEN KILLERS. I MEAN, AGAIN, GROCERIES UP 20. GASOLINE, 3.87. IT'S NOT QUITE TWICE AS MUCH AS WHAT A IT WAS, BUT IT'S ALMOST TWICE AS MUCH. AND THESE INTEREST RATES, I MEAN, EVERYBODY'S SUBJECT TO THESE INTEREST RATES. BIDEN TALKS ABOUT, WHAT DOES HE SAY, BUILDING OUT THE MIDDLE CLASS, BYRON? THESE ARE KILLERS FOR THE MIDDLE CLASS. >> 1100%, THEY ARE KILLERS -- 1000%. LET ME MAKE THE REAL SIMPLE. WHEN WHEN YOU'RE COMING OUT OF COLLEGE, YOU'VE GOT A KID ON THE WAY, YOU JUST GOT MARRIED -- SOMETHING I EXPERIENCED WHEN I LEFT COLLEGE ABOUT 20 YEARS AGO, YOU'RE TRYING TO PAY RENT, PUT MONEY AWAY FROM SAVINGS AND BEGIN TO BUILD YOUR FAMILY. BUT IF THE COST OF FOOD AND GAS IS UP, THE COST OF RENT IS UP, CPI'S UP OVERALL AND IT'S YEAR-OVER-YEAR, YOU'RE FALLING BEHIND CONSISTENTLY. YOU PUT THAT FACTOR ALSO WITH THE WAY OUR TAX SYSTEM WORKS, AS YOU START EARNING MORE MONEY IN OUR ECONOMY, THERE IS THIS THING CALLED BRACKET CREEP, AND IT'S DEVASTATING TO SOMEBODY GOING UP THE INCOME LADDER. YOU PUT THOSE TWO THINGS TOGETHER, YOU'RE FALLING BEHIND. JOE BIDEN IS NOT HELPING ANYBODY IN THIS COUNTRY. LARRY: YOU KNOW, THE OTHER THING IS THE TRUMP BOOM VERSUS THE BIDENOMICS BUST, I'M LOOKING AT REAL FAMILY INCOMES, OKAY? REAL MEDIAN INCOMES. I MEAN, THIS IS A DIRECT, YOU KNOW, WORKING FOLKS, MIDDLE CLASS, LOWER MIDDLE CLASS WORKING FOLKS. TRUMP, +6.4, $6400 A A FAMILY. WE HAVE IT ON THE FULL SCREEN. I DON'T KNOW IF YOU CAN SEE IT, BUT ANYWAY, $6400 A FAMILY INCREASE UNDER TRUMP. UNDER BIDEN, FALLING $4,000. THAT'S A $10,000 PLUS DIFFERENTIAL. ONE'S UP AND THE OTHER'S DOWN. AND THAT'S ANOTHER THING, YOU KNOW, THE LIBERAL MEDIA MAY TALK ABOUT HOW BIDEN'S HELPING MIDDLE CLASS PEOPLE, BIDEN TALKS ABOUT IT, HE'S NOT. INCOME DOWN, GASOLINE PRICES UP, GROCE CANNILY PRICES UP -- GOESLY PRICES UP -- GROCERY PRICES UP, HE HAD THIS LINE, COMMON SENSE POLICIES THAT CHANGED ALL THIS. I THINK THAT'S A PRETTY GOOD WAY TO LOOK AT IT. WE NEED SOME COMMON SENSE POLICIES, DO WE NOT? >> 100%, THAT'S EXACTLY WHAT WE NEED. LET'S START WITH ACTUALLY BEING ENERGY INDEPENDENT IF USING -- AND USING A VAST AMOUNT OF RESOURCES. I KNOW PRESIDENT TRUMP CALLS IT LIQUID GOLD. WE SHOULD BE WITH USING THAT. IF ENERGY PRICES ARE DOWN, FAMILIES CAN GET AHEAD. THE ONLY FAMILIES THAT CAN GET AHEAD IN JOE BIDEN'S ECONOMY ARE PEOPLE WHO ARE RICH OR MAYBE HUNTER BIDEN BECAUSE HE'S SHAKING DOWN COUNTRIES ALL ACROSS THE GLOBE. AND WHEN YOU'VE GOT MONEY COMING IN LIKE THAT, YOU'RE NOT WORRIED ABOUT THE PRICE AT THE PUMP AND THE PRICE IN THE GROCERY STORE. BUT YOU GET ENERGY PRICES DOWN, THEN YOU WORRY ABOUT DOMESTIC PRODUCTION IN FOOD AND OTHER ASPECTS LIKE THAT. YOU GET THOSE PRICES UNDER CONTROL. WE'RE TALKING ABOUT PRICE STABILITY NOW. NOW AMERICANS HAVE THE ABILITY TO SAVE MORE. IF THEY CHOOSE TO SPEND MORE, THEY CAN DO THAT TOO. AND THEN OUR ECONOMY HAS THAT INTERNAL, ORGANIC INNOVATIVE GROWTH MODEL THAT'S CRITICAL TO THE FUTURE OF OUR COUNTRY IN HELPING TO FIND WAYS TO PAY DOWN THE NATIONAL DEBT. THAT'S THE RECIPE, LARRY. THIS IS COMMON SENSE STUFF. IT'S VERY SIMPLE. BUT WHEN YOU'RE AN IDEALOGUE OR AN IDIOT LIKE THE CURRENT PRESIDENT OF THE UNITED STATES, THE ONLY THING YOU'RE CARING ABOUT ARE YOUR FAT CAT BUDDIES THAT YOU GIVE THESE TAX CREDITS TO WITH ALL THIS GREEN NEW DEAL MESS AND WHETHER YOUR SON IS GOING TO GET MORE MONEY OUT OF ROMANIA OR YEAH. LARRY: WELL, CONGRESSMAN, NOW THAT YOU MENTION IT, YOU'RE A MEMBER OF THE OVERSIGHT COMMITTEE. HUNTER BIDEN COMMUNICATING WITH HIS FATHER THROUGH E-MAILS AND WHAT NOT, AND HIS FATHER USING A PSEUDONYM? ACTUALLY SEVERAL PSEUDONYMS? WHAT DO YOU MAKE OF THIS THIS? WHAT IS THIS ALL ABOUT? AND I GUESS I'M ASKING -- [LAUGHTER] I DON'T KNOW ABOUT YOU, SIR, I DON'T USE PSEUDONYMS. I HAVE A NAME, I TEND TO USE MY NAME. WHY IS HE DOING THIS? WHAT'S THIS ALL ABOUT? >> WELL, WE ALREADY KNOW THAT HUNTER BIDEN AND JOE BIDEN HAVE CREATED THIS WEB OF CORRUPTION. WE'VE DETAILED IT WITH THE $20 MILLION COMING FROM ALL THESE COMPANIES ACROSS THE GLOBE. A A LOT OF THEM ARE FRONT GROUPS FOR FOREIGN COUNTRIES, SPECIFICALLY CHINA BUT THEN ALSO WITH RUSSIA. WE ALREADY KNOW THAT. WE KNOW THAT JOE BIDEN WAS ON THE PHONE WITH THESE BUSINESS PEOPLE. HE SHOWED UP AT CONFERENCES FOR A COUPLE OF DINNERS. NOW WE KNOW ABOUT THESE FICTITIOUS E-MAILS, THESE FAKE E-MAIL ACCOUNTS WHERE JOE BIDEN DOESN'T USE HIS NAME BECAUSE HE DOESN'T WANT TO GET CAUGHT IN CORRUPTION, IN PAY FOR PLAY SCHEMES. LOOK, LET'S BE VERY CLEAR, JOE BIDEN KNOWS WHAT'S GOING ON, AND IT'S GOING TO BE OUR RESPONSIBILITY IN THE HOUSE OF REPRESENTATIVES TO PROVE THAT. IS AND I THINK WHEN WE GET ACCESS TO THESE E-MAILS, HOPEFULLY HE DOESN'T BLEACH BYTE THEM LIKE HILLARY CLINTON DID. HELLO, MERRICK GARLAND, PAY ATTENTION TO THAT ONE. HOPEFULLY, HE DOESN'T DESTROY THIS STUFF SO SO WE CAN SUBPOENA AND FINALLY PAINT A FULL PICTURE FOR THE AMERICAN PEOPLE. JOE BIDEN IS CORRUPT, HIS FAMILY IS. >> CORRUPT. THEY'VE BEEN MAKING MILLIONS OF DOLLARS BASED UPON HIM BEING AT THE TOP OF OUR POLITICS FOR A VERY LONG TIME. AND IN THE MIDDLE OF ALL THIS, THE AMERICAN FAMILY FALLS BEHIND. LARRY: WELL, YOU KNOW, BYRON, YOU'RE REFERRING TO HIM AS PRESIDENT BIDEN. I REFER TO HIM AS PRESIDENT BIDEN. BUT I'M THINKING WE BOTH HAVE TT ROBERT PETERS. HOW ABOUT PRESIDENT PETERS IN. [LAUGHTER] I MEAN, MAYBE IT'S TIME TO CHANGE -- >> YOU MIGHT BE RIGHT ABOUT THAT THAT ONE. LARRY: AND I THINK HE'S GOT A COUPLE OTHERS ONES -- OTHER ONES. I'VE BEEN FOCUSING ON THE TRUMP INTERVIEW, I MEAN, I DON'T KNOW -- [LAUGHTER] YOU'RE A VERY SMART GUY. MAYBE THERE'S ANOTHER PRESIDENT WHO DID THIS, BUT PSEUDONYMS? REALLY? DIFFERENT -- WHAT IS THIS, LIKE A STAGE NAME? I'M JUST GOING TO GIVE YOU THE LAST WORD ON THIS, BYRON DONALDSON, BECAUSE IT'S KIND OF FUNNY, BUT IT'S ALSO KIND OF REALLY BAD. >> LISTEN, HONESTLY, LARRY, THERE'S NOTHING FUNNY ABOUT THIS. THIS IS TRAGEDY INFOR AMERICA. TRAGIC FOR AMERICA. AND FOR FANI WILLIS DOWN IN ATLANTA, THIS IS WHAT YOU SHOULD BRING A RICO CHARGE FOR. BECAUSE YOU HAVE MULTIPLE PEOPLE ENGAGED TO FACILITATE THE SELLING OF INFLUENCE AT THE TOP OF OUR POLITICS. THAT IS CORRUPTION. LET ME HELP FANI WILLIS OUT WITH THAT ONE AS A WELL. LARRY: OH, YOU DID. YOU ABSOLUTELY MADE A CONSTRUCTIVE SUGGESTION. CONGRESSMAN BYRON DONALDS, THE
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Channel: Fox Business
Views: 469,730
Rating: undefined out of 5
Keywords: Biden economy, Biden inflation, Byron Donalds, CPI, food prices high, inflation, inflation groceries, business news, fbn, fox biz, fox business, fox business channel, fox business kudlow, fox business larry kudlow, fox business network, fox business news, kudlow, kudlow monologue, kudlow monologue tonight, kudlow tonight, larry kudlow, larry kudlow monologue
Id: 06tvwoHjIFg
Channel Id: undefined
Length: 10min 42sec (642 seconds)
Published: Sat Aug 19 2023
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