JOE BIDEN INTO RETIREMENT. THAT IS MY RIFF. AND YOU CAN'T BELIEVE WHO IS ON SET WITH ME TODAY. ART LAFFER, FORMER REAGAN ECONOMIST, PRESIDENTIAL MEDAL OF FREEDOM RECIPIENT AND AUTHOR OF THE AFOREMENTIONED, "TAXES HAVE CONSEQUENCE." THE GREAT STEVE FORBES, FORBES MEDIA CHAIRMAN, FORMS EDITOR-IN-CHIEF, AUTHOR OF INFLATION, WHY IT IS BAD AND HOW TO FIX IT. ANNOTATED VERSION OF INFLATION BOOK TO BIDEN, WOULD YOU PLEASE? HE DOES NOT UNDERSTAND ANY OF THIS. I BEGIN WITH YOU, STEVE FORBES. >> I'M SENDING HIM A BIG PRINT VERSION WITH COMIC BOOK PICTURES IN IT. LARRY: BIG PRINT. BIG PRINT. SO YOU KNOW, THE MOST ANTI-BUSINESS PRESIDENT AND HE HAS -- IT IS ALL ABOUT CLASS WARFARE. THIS WHOLE BUSINESS ABOUT MIDDLE OUT, BOTTOM UP, TOP DOWN DOESN'T WORK. REAGANOMICS DOESN'T WORK. THAT IS ALL IT IS. THE ECONOMIC VERSION OF ALL THIS MARXIST, CULTURAL WOKE CLASS WARFARE. >> IT IS NOT ABOUT GROWTH. THEY DON'T CARE ABOUT GROWTH. LARRY: RIGHT. >> WHAT THEY CARE ABOUT IS POWER. THEY WOULD RATHER HAVE AN ECONOMY WEAK PER THEY CONTROL IT. THAT IS WHY THEY WANT TO CONTROL YOUR SHOWER HEADS. THAT IS WHY THEY WANT TO CONTROL WHAT YOU EAT WITH PIZZA, HOW YOU COOK PIZZA FOR CRYING OUT LOUD, THE WHOLE THING. THEY ARE NOT GOING TO STOP. THE THING IS, NOT JUST BIDEN, YOU HAVE TO START WITH THE PRESIDENCY, HE COULD GO AND PUT KAMALA IN, SAME POLICIES GIVE HER THINGS TO READ SO SHE WOULDN'T HAVE WORD SALADS ANYMORE. AND THEN TO ABOUT. THESE PEOPLE INFEST ALL THE REGULATORY AGENCIES. FTC GOING AGAINST AMAZON. WHAT IS AMAZON'S BIG SIN? BUTTON TO SUBSCRIBE TO PRIME IS BIGGER THAN THE BUTTON TO DECLINE. OH, MY GOODNESS. THEY HAVE TO TAKE OVER AMAZON AND SIX CLICKS TO UNSUBSCRIBE WHERE AS BEEN POINTED OUT TAKES SEVEN CLICKS TO MAKE A PUBLIC COMMENT TO THE FTC. LARRY: IS THAT AIR CASE? >> YEAH. LARRY: YOU SAID IT ALMOST TWO YEARS AGO ON THIS SHOW, THIS IS MODERN SOCIALISM THROUGH THE REGULATORY STATE. IT IS CENTRAL PLANNING. ARTHUR, THEY ARE AGAINST BUSINESS, LARGE BUSINESSES, SMALL BUSINESSES, AND I WILL SAY TO YOU IF YOU'RE AGAINST BUSINESS YOU'RE AGAINST THE WORKER. THE WORKER BEARS THE BRUNT OF THESE REGULATIONS AND TAXES THAT WAS PROVEN WITH THE REAGAN TAX CUTS, THE KENNEDY TAX CUTS, TRUMP, YOU REALLY CAN'T BE FOR THE WORKER. YOU CAN'T BE FOR THE EMPLOYEE AND HATE THE EMPLOYER. >> TRUE. LABOR AND CAPITAL ARE PARTNERS IN THE PRODUCTION PROCESS. LARRY: YES. >> NOT OPPONENTS. TAXICABS DRIVERS WITHOUT TAXICABS DON'T DO VERY WELL. LARRY: YES. >> TAXICABS WITHOUT DRIVERS DON'T SO SO WELL UNTIL ELON MUSK GETS IN THERE. RISING TIDE RAISING ALL BOAT. LET ME GIVE YOU THE FIRST TWO LINES. NO AMERICAN IS BETTER OFF PULLING ANOTHER AMERICAN DOWN. WE'RE ALL MADE BETTER OFF WHEN ANY ONE OF US IS MADE BETTER OFF. THE NEXT LINE IN KENNEDY'S SPEECH, A RISING TIDE RAISES ALL BOATS. THE FIRST TWO ARE CRITICAL. WE DON'T HAVE CLASS WARFARE IN THIS COUNTRY. IT HAS TO BE MANUFACTURED. NO WAY BLACKS DO BETTER BECAUSE WHITES DO WORSE. OR WHITES DO BETTER BECAUSE BLACKS DO WORSE, MALE, FEMALE. WE'RE PARTNERS, LARRY. WE'RE ALL IN THE SAME TUB TOGETHER. IF YOU DO WELL, I DO WELL, THE WORLD DOES WELL. IT IS NOT US VERSUS THEM. IT IS US IN PARTNERSHIP WITH THEM. IT IS NOT JUST THE U.S., IT IS THE WORLD ECONOMY AS WELL. THEY BENEFIT FROM TRADE WITH FOREIGNERS AND THEY BENEFIT FROM TRADE WITH US. NOT ONLY DO WE BENEFIT FROM EACH OTHER, LARRY. YOU GET TO KNOW EACH OTHER. ONCE YOU GET TO KNOW EACH EARTH YOU CAN HAVE GOOD DIALOGUE AND SOLVE PROBLEMS WITHOUT THREATENING BORDERS. SOLVE THEM BY CONVERSATIONS. I NEVER DID SEE IT THAT WAY. THIS IS WHERE WE NEED TO PARTNERSHIP WITH THE WORLD, PARTNERSHIP WITH OUR FELLOW AMERICANS. LARRY: I CAN GO THROUGH THE ENTIRE BIDEN SPEECH TODAY WHICH IS JUST A REHASH OF HIS OTHER STUFF. HE DOES NOT USE THE PHRASE ECONOMIC GROWTH. HE DOES NOT USE THE PHRASE, FREEDOM, HE DOES NOT USE THE PHRASE, PROSPERITY. I THINK THOSE ARE FATAL FLAWS NOT UNDERSTANDING THAT. AMERICA IS ABOUT LIFE, LIBERTY THE PURSUIT OF HAPPINESS. AMERICA IS ABOUT ECONOMIC FREEDOM. BUT AMERICA, GO BACK TO ARTHUR'S POINT, AMERICA IS ABOUT PROSPERITY FOR EVERYBODY. CAN'T TAKE ONE AND PIT THEM AGAINST THE OTHER. THE FACT THESE PEOPLE KEEP DOING THAT IS JUST DRIVING ME CRAZY. >> AS ABRAHAM LINCOLN PUT IT, THE DREAM OF AMERICA HE SAID THE OPPORTUNITY TO IMPROVE YOUR LOT IN LIFE NO MATTER WHERE YOU BEGIN. THAT'S WHY YOU HAVE IMMIGRANTS TRYING TO GET INTO THIS PLACE, NOT LEAVE IT AS THEY DO PLACES LIKE NORTH KOREA OR CUBA. THEY DON'T UNDERSTAND AMERICA. I DON'T THINK THEY REALLY APPRECIATE AMERICA. I THINK SOME OF THESE PEOPLE INFESTING THIS ADMINISTRATION ARE ANTI-AMERICAN. LARRY: YES I DO. >> THEY WANT TO FUNDAMENTALLY CHANGE THE COUNTRY. LARRY: THEY HATE AMERICA. NO, THEY HATE AMERICA. >> THEY THINK WE'RE THE CURSE OF THE WORLD INSTEAD OF THE SAVIOR OF THE WORLD. LARRY: THE LEFT HATES AMERICA. >> THE BLUNT TRUTH AFTER WORLD WAR II WE DID THINGS LARGELY RIGHT, THE WHOLE WORLD BECAME MORE PROSPEROUS IN WAYS THEY COULDN'T HAVE DREAMT AFTER WORLD WAR II. LARRY: DEMOCRATS, I WANT TO MAKE THIS POINT SPEAKING AS A FORMER DEMOCRAT, DEMOCRATS HISTORICALLY HAVE NOT HATED AMERICA. >> NO. LARRY: THIS BRAND OF FAR LEFT DEMAGOGUERY FROM THE SOCIALIST DEMOCRATIC PARTY IS A DIFFERENT TYPE OF DEMOCRAT, THEY HATE AMERICA. THEY DON'T LIKE ANYTHING ABOUT US. THEY DON'T LIKE OUR HISTORY. THEY DON'T LIKE FREE-MARKET CAPITALISM. THEY DON'T LIKE PROSPERITY. >> THE BIGGEST ORGANIZATION AGAINST COMMUNIST AFTER THE WORLD WAR, LABOR UNION LEADERS. RONALD REAGAN A UNION LEADER. LARRY: PEOPLE SAY WE'RE BEING PARTISAN. WE'RE NOT REALLY BEING PARTISAN. IF A JOHN F. KENNEDY EMERGED TODAY WITH ACROSS THE BOARD REDUCTION IN MARGE 23458 TAX RATES YOU WOULD BACK HIM. >> OF COURSE. LARRY: I WOULD BACK HIM. YOU WOULD BACK HIM TOO. IF SOMEBODY CAME WE WANT SOUND RELIABLE DOLLAR BASED ON GOLD OR COMMODITY INDEX AS, YOU NUMERATOR, WOULD YOU BACK A DEMOCRAT. I'M SAYING THESE ARE IMPORTANT POINTS TO MAKE. I'M NOT BEING PARTISAN HERE. >> WELL LET ME JUST SAY THERE IS SOMEONE TODAY WHO IS A DEMOCRAT WHO I BACK TOTALLY. JARED POLIS OF COLORADO. HE IS A KENNEDY DEMOCRAT. HE IS A PRO-GROWTH PERSON. HE CUT THE PROPERTY TAX. HE CUT THE INCOME TAX. HE HAS DONE PRICE TRANSPARENCY IN COLORADO. THIS GUY WILL BE A DEMOCRAT. DEMOCRATS ARE NOT OUR PROBLEM. LARRY: HE HAS TO RUN FOR PRESIDENT. YOU CAN'T DO IT FROM DENVER, COLORADO. YOU HAVE TO MAKE HIM RUN FOR PRESIDENT. >> I WILL DO MY BEST. LARRY: HIS BRAND OF OLD STYLE DEMOCRATIC THINKING OR JFK DEMOCRATIC THINKING WILL NEVER GET OUTSIDE OF COLORADO. >> DID YOU SEE BOBBY KENNEDY, JR.'S SPEECH? DID YOU SEE THE SIGN HE HAD UP. I'M A KENNEDY DEMOCRAT. I DON'T KNOW IF YOU FOUND THAT HUMOR ROUSE. HE DOESN'T HAVE IT, BUT A LOT OF IT RIGHT, ROBERT KENNEDY, JR. LARRY: STEVE FOR, WE CAN TALK ABOUT PERSONALITIES. WE HAVE UNLEASH PROSPERITY DINNER TONIGHT. WE'LL TALK MORE POLITICS. I THINK IT IS TELLING. I KNOW POLLS ARE POLLS, AND POLLS AREN'T VOTES I GET THAT BUT POLLS CONSISTENTLY SAY AMERICANS DON'T LIKE WHAT BIDEN IS DOING. THE MORE HE DOES IT THE LESS THEY LIKE IT. HE SEEMS DISINCLINED, STEVE, HE AND HIS CIRCLE TO CHANGE THE CLASS WARFARE, ANTI-BUSINESS, ANTI-LABOR ECONOMIC POLICY. >> HE IS IN A BUBBLE. THEY SEND HIM OUT SPOTTING THIS NONSENSE. PEOPLE CAN SEE IT IS NOT WORKING BUT THE WHOLE POINT OF THE FAR LEFT IS GET AS MUCH AS YOU CAN DONE WHILE THE GETTING IS GOOD AND LET THE REPUBLICANS IF THEY GET IN TRY TO UNDO IT. THEY WILL FIGHT THEM IN THE COURTS. TRY TO GET ISSUES, ABORTION OTHER THINGS, TRY TO MUDDY THE WATERS IN TERMS OF WHAT REALLY AFFECT THIS IS COUNTRY IN THE FUTURE. SO THE REPUBLICANS HAVE GOT TO START ALSO, I UNDERSTAND THEY WANT TO DO BORDER, THAT'S GOOD STUFF BUT THEY HAVE TO ALSO HAVE THAT REAGANNESQUE, CHEMMESQUE KIND OF PRO-GROWTH PLATFORM. LARRY: YES. >> TO SAY HERE IS HOW WE MAKE AMERICA BETTER TO HAVE A BETTER FUTURE FOR YOU. >> ECONOMICS. LARRY: DEMOCRATS ARE WHOLLY NOW, TOTALLY THE PARTY OF GOVERNMENT PLANNING. THAT'S IT. >> THAT'S IT. LARRY: REPUBLICANS SHOULD MAKE IT CLEAR THEY ARE THE PARTY OF FREE ENTERPRISE. WE NEED, WHEN I SAY, I MEAN, COOLIDGE MAY HAVE BEEN RIGHT, AMERICA, BUSINESS IS WHAT IS COOLIDGE'S SAYING THE BUSINESS OF AMERICA IS BUSINESS. >> THE CORNERSTONE OF AMERICA IS IDEALISM. LARRY: YOU AND KEVIN HASSETT, THOSE CORPORATE TAX CUTS OF A FEW YEARS AGO, THE BIGGEST BENEFICIARIES WERE NOT RICH PEOPLE. THEY WERE MIDDLE INCOME, BLUE COLLAR WORKERS, LOWER INCOME WORKERS. THEY WERE THE BIGGEST BENEFICIARIES. EVERYTHING BIDEN SAYS ABOUT THAT IS WRONG. REAGAN HAD ACROSS THE BOARD TAX REDUCTIONS AND BUSINESS TAX REDUCTIONS, IT IS THE SAME THING. INCOME INEQUALITY FELL. POVERTY FELL. GROWTH EXPLODED. GOVERNMENT WILL NOT DO IT. WE GOT TO GET OUT. >> ONE LAST. LARRY: QUICK, QUICK. >> REGULATIONS. REGULATIONS ARE BAD. SAY WHAT KIND OF PIZZA DO YOU WANT? REGULAR PIZZA OR PIZZA THAT TASTES LIKE OIL? THAT IS THE CHOICE. LARRY: WE'RE HAVING PIZZA TONIGHT AT DINNER. >> REAGAN HEALED THE SICK. BADEN INFECTED THE HEALTHY. I WORKED ON THAT FOR QUITE A WHILE TO GET THAT ONE DOWN. REAGAN HEALED THE SICK. LARRY: EVEN HERE JOHN MAYNARD CANES WOULD ROLL OVER IN HIS GRAVE. ENOUGH ALREADY. >> THE STORY HAYEK ALWAYS TOLD. KAINE SAID I TAKE MY FOLLOWERS AND REVERSE THEM AND BANG, HE DIED. LARRY: WE'LL GET JOH
