Kudlow: Biden's economic policies 'far worse' than Obama's

>> President Biden: MY PREDECESSOR ENACTED THE LATEST ITERATION, TAX CUTS FOR THE WEALTHY. IT WASN'T PAID FOR. THE TRICKLE-DOWN APPROACH FAILED THE MIDDLE CLASS. IT FAILED AMERICA. IT BLUE UP THE DEFICIT, INCREASED INEQUITY. WE CAN THE INFRASTRUCTURE. BRIAN: PRESIDENT BIDEN WRAPPING UP HIS BIG BIDENOMICS ADDRESS MOMENT AGO BLAMING DONALD TRUMP FOR FAILED POLICY. THE WHITE HOUSE CLAIMS BIDENOMICS STEMS FROM GROWING THE ECONOMY FROM THE MIDDLE

OUT OF THE BOTTOM UP MAKING PUBLIC INVESTMENT IN PUTTING EQUITY AT THE CENTER. BIDENOMICS -- REAGAN ENTAILED RESTRAINT GOVERNMENT SPENDING OF US REGULATION AND NOT INFLATIONARY MONETARY POLICY. LARRY KUDLOW JOINS US. THE WORD THAT SCARES ME AND ALL THAT IS EQUITY AT THE CENTER. WHAT THAT MEANS FUNCTIONALLY, FORGET ABOUT GROWTH, FORGET DYNAMISM. IT'S ALL ABOUT REDISTRIBUTION. LYDIA: -- >> I'M GLAD SOMEONE DEFINED THAT. I AM

IMPRESSED WITH THAT. YOU ARE PROBABLY RIGHT. I DON'T KNOW IF THEY SEE IT THAT WAY. THIS IS THE MOST -- TRY THIS. THIS IS THE MOST ANTIBUSINESS ADMINISTRATION SINCE FDR. HE'S FAR WORSE THAN OBAMA, HE IS FAR WORSE THAN JIMMY CARTER, HE IS FAR WORSE THAN LBJ, JFK WAS PRO-BUSINESS WITH HIS TAX CUTS. YOU HAVE TO GO BACK TO 1935 AND IN THE LONG RUN HE

WOULD BE WORSE THAN FDR IN MY OPINION. EVERYTHING HE HAS DONE, $6 TRILLION SPENDING, RAISED TAXES ON CORPORATIONS WHICH IS THE WAGE EARNER THAT BEARS CORPORATE TAX HIKES. BLIND FAITH IN REGULATION. NEVER SEEN A REGULATORY ASSAULT NOT ONLY ON FOSSIL FUELS WHICH IS BAD ENOUGH BUT ON EVERY MATTER OF BUSINESS. TALKING ABOUT AIRLINE FEES AND BANK OVERDRAFT FEES, HOW DEEPLY IT HAS GONE AND YOUR POINT,

DIVERSITY, EQUITY, INCLUSION, THEY I, ALL THESE SOCIAL ENGINEERING REGULATIONS PUT IN. HE COULD SAY THE INFLATION RATE HAS COME DOWN BUT THE REALITY IS HE WAS INHERITING 1.4% CPI POINT TO POINT. THE LEVEL OF THE CPR, I APPEAL TO YOUR ECONOMIC PROFESSORSHIP, UP 15.6% AND THAT HAS TRANSLATED INTO A MAJOR DECLINE IN REAL WAGES, HOURLY WAGES AND AVERAGE WEEKLY WAGES. THESE ARE THE THINGS MR. BIDEN

DOESN'T WANT TO TALK ABOUT. WE ARE INTO THE SILLY SEASON. THE REALITY IS HE'S THE MOST ANTIBUSINESS PRESIDENT. HE INHERITED STRONG GROWTH OF 6. 5% % IN THE FIRST 1:45 THOUSAND 21. YOU HAVE PANDEMIC RECOVERY. MISTER BIDEN'S FIRST FULL YEAR IN OFFICE WHICH WAS 2022 THE ECONOMY GREW AT 0.9%. IF YOU TACK ON THE 1.3 IN THE FIRST QUARTER, YOU ARE TALKING ABOUT ONE% GROWTH TREND

LINE. THAT'S A TERRIBLE TREND LINE, STAGNANT GROWTH. IS NOT SUCCEEDED. GO BACK IN TIME. WE WERE DOING THIS OUTSIDE. REAGAN CUT TAXES. HE DOESN'T LIKE REAGAN, WHAT ELSE IS NEW? BIDEN IS A PHONY BECAUSE HE VOTED FOR REAGAN'S SECOND TAX-CUT BILL IN 1986. IF YOU GO BACK TO REAGAN'S FIRST ROUND OF TAX CUTS WHICH TOOK EFFECT IN 1983, THE GROWTH RATE OF THE ECONOMY AND 83

AND 84, SIX%. BIDEN AT 1%. RESULTS SHOW YOU CAN'T MAKE THE CASE HE'S TRYING TO MAKE, BELLY OUT, EQUITY, I DON'T UNDERSTAND, WAY TOO HARD. JACKIE: OUTLINE FOR OUR VIEWERS WHAT HAPPENS IF WE GET THIS BIDENOMICS FOR ANOTHER FOUR MORE YEARS? $6 TRILLION SPENDING AT WANTS TO SPEND MORE, EXPLAIN TO PEOPLE HE'S GOING AFTER CORPORATIONS, SLOWED OUR GROWTH DOWN. WHEN THAT COMPOUNDS, WHAT HAPPENS? >> IF

YOU TREND THIS OUT YOU ARE LOOKING AT MORE GROWTH, ONE% GROWTH, 0% GROWTH, PROBABLY UP APPLE QUARTERS OF RECESSION, WE MAY SEE THAT NEXT YEAR AND ALSO CONTINUED INFLATION OF 4%, 5%, 6% BECAUSE GROWTH SOLVES INFLATION. SUPPLY-SIDE GROWTH -- JACKIE: GROW YOUR WAY OUT OF THIS. LARRY: MORE MONEY, MORE GOODS. TRUMP WAS LESS MONEY CHASING FEWER GOODS. TAYLOR: WE HAVE 30 SECONDS. I NEED A YES

OR NO ANSWER. IS GOLD A HEDGE AGAINST BAD TIMES? LARRY: I DON'T KNOW. I DON'T BELIEVE IN BAD TIMES. IF IT GOES UP, INFLATION GOES UP. WHY GOLD IS STUCK IN THE 1900s IS INFLATION IS TOO HIGH. THE DOLLAR SHOULD BE PEGGED TO ABOUT 70 YEARS. BRIAN: THERE'S NO BAD TIME WITH LARRY, THANK