RUSH TRANSCRIPT Whatever you ░░░░░░░░ do it for less ░░░░░░░░ harbor freight Coming for ░░░░░░░░ and going for confidence ░░░░░░░░ them in the numbers ░░░░░░░░ going for them and ░░░░░░░░ and that was just ░░░░░░░░ negative number and if ░░░░░░░░ remember just before the ░░░░░░░░ Phenomenal numbers and then ░░░░░░░░ after the election they ░░░░░░░░ that those numbers were ░░░░░░░░ That s what they ░░░░░░░░ the other day It ░░░░░░░░ a scam in my ░░░░░░░░ Art Laffer and former ░░░░░░░░ economist and host of ░░░░░░░░ money on wabc radio ░░░░░░░░ overstated and 630 overstated ░░░░░░░░ other thing is people ░░░░░░░░ t no one is ░░░░░░░░ to the surveys anymore ░░░░░░░░ s all being done ░░░░░░░░ faulty metric models and ░░░░░░░░ called birth and death ░░░░░░░░ of businesses and jobs ░░░░░░░░ it s time for ░░░░░░░░ and top to bottom ░░░░░░░░ What do you say ░░░░░░░░ the Biden years and ░░░░░░░░ revising these numbers as ░░░░░░░░ speak already they have ░░░░░░░░ downward by about a ░░░░░░░░ jobs and numbers recently ░░░░░░░░ That s a big ░░░░░░░░ Larry It s like ░░░░░░░░ blind man throwing at ░░░░░░░░ dart board and then ░░░░░░░░ have a situation where ░░░░░░░░ the morning the jobs ░░░░░░░░ going for them never ░░░░░░░░ anything like it and ░░░░░░░░ to see anything like ░░░░░░░░ They ve got it ░░░░░░░░ wrong with the way ░░░░░░░░ re doing this and ░░░░░░░░ the jobs report is ░░░░░░░░ of the most important ░░░░░░░░ indicator report and we ░░░░░░░░ to make sure it ░░░░░░░░ accurate Right now it ░░░░░░░░ not I m losing ░░░░░░░░ in those numbers Larry ░░░░░░░░ first of all put ░░░░░░░░ plug if from Maria ░░░░░░░░ great show in the ░░░░░░░░ glad you re doing ░░░░░░░░ Arthur let me come ░░░░░░░░ you I m looking ░░░░░░░░ this thing Steve is ░░░░░░░░ the unleash prosperity Establishment ░░░░░░░░ unit response collapsed in ░░░░░░░░ last 10 years Yes ░░░░░░░░ to Covid and since ░░░░░░░░ stayed at the bottom ░░░░░░░░ response rate was 60 ░░░░░░░░ it s now dropped ░░░░░░░░ less than 45 Going ░░░░░░░░ have to find one ░░░░░░░░ I was very involved ░░░░░░░░ it and stupid Larry ░░░░░░░░ ago and going for ░░░░░░░░ there and these numbers ░░░░░░░░ absolutely critical and they ░░░░░░░░ be reviewed by all ░░░░░░░░ time and getting something ░░░░░░░░ need a thorough review ░░░░░░░░ analysis of the program ░░░░░░░░ going to have them ░░░░░░░░ anyone deliberately in the ░░░░░░░░ or agency I hope ░░░░░░░░ didn t deliberately fudge ░░░░░░░░ numbers I can t ░░░░░░░░ they did that In ░░░░░░░░ types of turmoil we ░░░░░░░░ to rely on these ░░░░░░░░ of numbers and therefore ░░░░░░░░ them as accurate as ░░░░░░░░ and a go ahead ░░░░░░░░ committee would be really ░░░░░░░░ That s what we ░░░░░░░░ to co Larry that ░░░░░░░░ a good point The ░░░░░░░░ thing is this birth ░░░░░░░░ death model which is ░░░░░░░░ flawed and all that ░░░░░░░░ is the birth of ░░░░░░░░ businesses and jobs the ░░░░░░░░ investment model and at ░░░░░░░░ nod of your head ░░░░░░░░ agree There s got ░░░░░░░░ be a better way ░░░░░░░░ another thing President Trump ░░░░░░░░ about was this Federal ░░░░░░░░ situation and going to ░░░░░░░░ tape on that and ░░░░░░░░ a listen about this ░░░░░░░░ The person in the ░░░░░░░░ and a woman left ░░░░░░░░ is a Biden appointment ░░░░░░░░ guess I think she ░░░░░░░░ because she agreed with ░░░░░░░░ on interest rates and ░░░░░░░░ they were on the ░░░░░░░░ side of the ballpark ░░░░░░░░ I ll be announcing ░░░░░░░░ probably over the next ░░░░░░░░ of days Larry the ░░░░░░░░ chairman not taking effect ░░░░░░░░ may but sure would ░░░░░░░░ up the musical chairs ░░░░░░░░ the Fed and undermine ░░░░░░░░ Powell or just appointment ░░░░░░░░ for four or five ░░░░░░░░ and wait till Mr ░░░░░░░░ leaves his chair next ░░░░░░░░ Larry I really don ░░░░░░░░ think the Fed should ░░░░░░░░ independent or the defense ░░░░░░░░ or treasury should be ░░░░░░░░ I mean the Fed ░░░░░░░░ part of the administration ░░░░░░░░ should be run by ░░░░░░░░ administration and independent fed ░░░░░░░░ causes all sorts of ░░░░░░░░ The president is going ░░░░░░░░ be blamed for bad ░░░░░░░░ or credited for a ░░░░░░░░ economy and should have ░░░░░░░░ the levers possible under ░░░░░░░░ control that contribute to ░░░░░░░░ economy and needs to ░░░░░░░░ control of the Fed ░░░░░░░░ soon as he takes ░░░░░░░░ This is just wrong ░░░░░░░░ think part of the ░░░░░░░░ and administration Larry interesting ░░░░░░░░ moore arthur says the ░░░░░░░░ should put somebody in ░░░░░░░░ name that person to ░░░░░░░░ the chair Fill in ░░░░░░░░ spot later on and ░░░░░░░░ Federal Reserve shouldn t ░░░░░░░░ I always say it ░░░░░░░░ independent but it s ░░░░░░░░ separate from the Planet ░░░░░░░░ for heaven s sakes ░░░░░░░░ is part of the ░░░░░░░░ Steve moore what s ░░░░░░░░ take on this Two ░░░░░░░░ the favorite economists of ░░░░░░░░ Trump in the whole ░░░░░░░░ are on the screen ░░░░░░░░ me you and arthur ░░░░░░░░ mean that sincerely If ░░░░░░░░ Hassett gets in I ░░░░░░░░ great with that Kevin ░░░░░░░░ I m great with ░░░░░░░░ A lot of good ░░░░░░░░ to be made here ░░░░░░░░ you guys go back ░░░░░░░░ the Reagan era and ░░░░░░░░ vowel Keystone lake said ░░░░░░░░ couldn t have Paul ░░░░░░░░ said I couldn t ░░░░░░░░ done it without Reagan ░░░░░░░░ had 11 inflation under ░░░░░░░░ Carter and Reagan was ░░░░░░░░ them the whole way ░░░░░░░░ restoring the soundness and ░░░░░░░░ of the dollar and ░░░░░░░░ and that s what ░░░░░░░░ need right now Larry ░░░░░░░░ you re agreeing with ░░░░░░░░ the Fed is not ░░░░░░░░ that independent and you ░░░░░░░░ art you make a ░░░░░░░░ point Presidents will live ░░░░░░░░ die If they appointment ░░░░░░░░ bad at the Fed ░░░░░░░░ ll cost them politically ░░░░░░░░ that permits high inflation ░░░░░░░░ would breed high unemployment ░░░░░░░░ they appointment a sound ░░░░░░░░ person with low inflation ░░░░░░░░ low unemployment they ll ░░░░░░░░ the credit So you ░░░░░░░░ saying presidents have incentives ░░░░░░░░ appointment the best possible ░░░░░░░░ Yeah align authority with ░░░░░░░░ Just have to do ░░░░░░░░ And the last segment ░░░░░░░░ you mentioned three people ░░░░░░░░ hassett and warsh you ░░░░░░░░ you didn t want ░░░░░░░░ make a choice I ░░░░░░░░ like to weigh in ░░░░░░░░ that if I could ░░░░░░░░ a little bit We ░░░░░░░░ got Kevin Hassett in ░░░░░░░░ perfect perfect position He ░░░░░░░░ the best guy except ░░░░░░░░ the predecessor where he ░░░░░░░░ tied with that predecessor ░░░░░░░░ head of nec You ░░░░░░░░ he s really good ░░░░░░░░ He s got the ░░░░░░░░ s ear all the ░░░░░░░░ Why take him away ░░░░░░░░ that job Scot bessent ░░░░░░░░ t get a better ░░░░░░░░ of the treasury than ░░░░░░░░ I think bringing in ░░░░░░░░ Warsh would make that ░░░░░░░░ try angle perfect and ░░░░░░░░ I m favor of ░░░░░░░░ coming in and understands ░░░░░░░░ price rule Larry we ░░░░░░░░ running out of time ░░░░░░░░ president is watching the ░░░░░░░░ and glad you ve ░░░░░░░░ him sound advice I ░░░░░░░░ leave it there We ░░░░░░░░ all pals and we ░░░░░░░░ all good friends Steve ░░░░░░░░ thank you.