Mike Huckabee: January 14, 2025 | Huckabee Today

January 13, 2025 | S

In many circles, former Governor Mike Huckabee is known for his down home, common sense. While fighting grows in the Washington sandbox, Huckabee has created his own lane, diagnosing problems and creating a wealth of solutions for success.

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Huckabee Today | Mike Huckabee: January 14, 2025 | Huckabee Today | January 13, 2025
  • Be. and good evening, everyone.
  • 00:00:28.120 --> 00:00:30.555
  • I'm mike huckabee, and welcome to little rock.
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  • We're going to be discussing both big
  • 00:00:33.024 --> 00:00:35.127
  • And little issues today.
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  • It's economics.
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  • And i would say for most of us, economics is always big.
  • 00:00:39.264 --> 00:00:42.901
  • It's about money, politics and of course your pocketbook.
  • 00:00:42.901 --> 00:00:48.006
  • I don't often praise the wisdom of folks who veer off
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  • The conservative path.
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  • But i'm going to make an exception today.
  • 00:00:52.444 --> 00:00:54.546
  • I got to admit that james carville was actually right
  • 00:00:54.546 --> 00:00:57.315
  • When he famously said, it's the economy, stupid.
  • 00:00:57.315 --> 00:01:01.486
  • Those words took on fresh meaning on election day.
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  • The economic numbers were up, but public trust
  • 00:01:05.257 --> 00:01:08.627
  • Was certainly down.
  • 00:01:08.627 --> 00:01:10.462
  • The proof was in the ballot box,
  • 00:01:10.462 --> 00:01:12.531
  • But at the economic indicators were so good.
  • 00:01:12.531 --> 00:01:15.300
  • Why do americans feel so bad?
  • 00:01:15.300 --> 00:01:18.803
  • Well, fortunately, we've got an expert
  • 00:01:18.803 --> 00:01:20.172
  • With us tonight to help answer that question.
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  • Doctor art lever has been contributing
  • 00:01:22.807 --> 00:01:25.110
  • To the study of economics for decades.
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  • President trump called him one of the most influential
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  • Economists in american history,
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  • And awarded him the presidential medal of freedom in 2019.
  • 00:01:33.285 --> 00:01:36.888
  • He even has an economic theory.
  • 00:01:37.522 --> 00:01:39.758
  • It's named after himself.
  • 00:01:39.758 --> 00:01:41.593
  • It's called the laffer curve.
  • 00:01:41.593 --> 00:01:43.728
  • Most everybody in politics is well familiar with it.
  • 00:01:43.728 --> 00:01:47.065
  • It's heralded as one of the most brilliant understandings
  • 00:01:47.065 --> 00:01:50.101
  • Of the link between taxation and government spending.
  • 00:01:50.101 --> 00:01:54.406
  • He's got a brand new book.
  • 00:01:54.973 --> 00:01:56.107
  • It's called the trump economic miracle
  • 00:01:56.107 --> 00:01:58.410
  • And the plan to unleash prosperity again.
  • 00:01:58.410 --> 00:02:02.013
  • One other thing about art laffer.
  • 00:02:02.747 --> 00:02:04.716
  • Two times in my lifetime, we've seen presidents
  • 00:02:04.716 --> 00:02:08.486
  • Who did significant things in transforming the economy.
  • 00:02:08.486 --> 00:02:12.657
  • One of them was ronald reagan.
  • 00:02:12.657 --> 00:02:14.326
  • The other was donald trump.
  • 00:02:14.326 --> 00:02:16.194
  • What a lot of americans may not realize
  • 00:02:16.194 --> 00:02:18.630
  • Is that while ronald reagan and donald trump
  • 00:02:18.630 --> 00:02:21.066
  • Got credit for steering the spaceship,
  • 00:02:21.066 --> 00:02:23.768
  • It was the engineer who put that plan together
  • 00:02:23.768 --> 00:02:28.273
  • That had a big hand in making it work.
  • 00:02:28.273 --> 00:02:30.609
  • The same engineer for ronald reagan and donald trump
  • 00:02:30.609 --> 00:02:33.912
  • Was our guest today. doctor art laffer.
  • 00:02:33.912 --> 00:02:36.381
  • All right.
  • 00:02:36.381 --> 00:02:37.549
  • I'm glad you're with us, because we're going to dig into
  • 00:02:37.549 --> 00:02:39.351
  • Some of the more difficult parts of the economy to understand.
  • 00:02:39.351 --> 00:02:43.755
  • And i think one thing is to ask this simple question.
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  • During this recent campaign, the biden team kept
  • 00:02:47.392 --> 00:02:50.028
  • Telling us, things are great.
  • 00:02:50.028 --> 00:02:52.063
  • They couldn't be better.
  • 00:02:52.063 --> 00:02:53.531
  • Everybody's happy.
  • 00:02:53.531 --> 00:02:54.866
  • Everybody is doing better.
  • 00:02:54.866 --> 00:02:56.868
  • They just don't realize how good they have it.
  • 00:02:56.868 --> 00:02:59.571
  • Why did they say it?
  • 00:02:59.571 --> 00:03:01.906
  • Because most americans did not feel it.
  • 00:03:01.906 --> 00:03:05.343
  • Well, i don't know why they said it.
  • 00:03:06.111 --> 00:03:08.013
  • And not only do most, most americans not feel it.
  • 00:03:08.013 --> 00:03:10.949
  • It's not true.
  • 00:03:10.949 --> 00:03:12.317
  • I mean, if you look at the inflation
  • 00:03:12.317 --> 00:03:14.052
  • Under biden, it was extraordinarily high
  • 00:03:14.052 --> 00:03:16.187
  • By any standards.
  • 00:03:16.187 --> 00:03:17.389
  • I mean,
  • 00:03:17.389 --> 00:03:18.423
  • There may have been a few moments there in the
  • 00:03:18.423 --> 00:03:20.825
  • In the late 1970s before reagan took office,
  • 00:03:20.825 --> 00:03:23.662
  • When we had higher inflation.
  • 00:03:23.662 --> 00:03:24.996
  • But it was one of the highest in all of u.s.
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  • History.
  • 00:03:28.066 --> 00:03:29.234
  • If you look at the recovery since since the pandemic,
  • 00:03:29.234 --> 00:03:33.538
  • The recovery
  • 00:03:33.538 --> 00:03:34.706
  • Never did catch up to where the trend lines were before.
  • 00:03:34.706 --> 00:03:38.109
  • And i could go on and on.
  • 00:03:38.109 --> 00:03:40.078
  • But the economy was not in good shape
  • 00:03:40.078 --> 00:03:42.514
  • And they did not do good policies.
  • 00:03:42.514 --> 00:03:44.783
  • And i think trump, in every major area of the economy,
  • 00:03:44.783 --> 00:03:48.353
  • Is going to do a much better job than they did.
  • 00:03:48.353 --> 00:03:51.690
  • And they just,
  • 00:03:52.023 --> 00:03:53.458
  • I guess, spoke like all politicians do.
  • 00:03:53.458 --> 00:03:56.394
  • Anything they can say that makes themselves look good.
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  • They'll say it.
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  • You know,
  • 00:04:01.933 --> 00:04:03.134
  • You've been a trusted advisor to both reagan and trump.
  • 00:04:03.134 --> 00:04:06.237
  • As donald trump assumes his second term in office
  • 00:04:07.238 --> 00:04:10.342
  • With this in a room of joe biden in between.
  • 00:04:10.342 --> 00:04:12.911
  • What should americans look for that
  • 00:04:12.911 --> 00:04:14.579
  • He will do economically
  • 00:04:14.579 --> 00:04:16.548
  • That will get us back on track, cut inflation down,
  • 00:04:16.548 --> 00:04:19.517
  • Make our dollar stretch a lot better than it has been under
  • 00:04:19.517 --> 00:04:22.787
  • Joe biden's,
  • 00:04:22.787 --> 00:04:24.189
  • Inflation with high energy prices, high grocery prices.
  • 00:04:24.189 --> 00:04:28.193
  • What's the advice you're giving to president trump?
  • 00:04:28.193 --> 00:04:31.463
  • Yeah,
  • 00:04:31.696 --> 00:04:32.330
  • But a lot of a lot of what
  • 00:04:32.330 --> 00:04:33.631
  • He did in his first term, i hope he will continue doing
  • 00:04:33.631 --> 00:04:36.634
  • In his second term.
  • 00:04:36.634 --> 00:04:38.002
  • I mean, d control of oil is really important.
  • 00:04:38.002 --> 00:04:40.638
  • That will lead to an increase
  • 00:04:40.638 --> 00:04:41.906
  • In the production of oil and petroleum products,
  • 00:04:41.906 --> 00:04:44.476
  • The lower energy
  • 00:04:44.476 --> 00:04:45.377
  • Price of gasoline at the pump,
  • 00:04:45.377 --> 00:04:47.412
  • That will have an enormous impact on
  • 00:04:47.412 --> 00:04:49.814
  • Not only energy independence of the us,
  • 00:04:49.814 --> 00:04:52.617
  • But also on inflation like it will have a great effect there.
  • 00:04:52.617 --> 00:04:56.154
  • What trump also did was the big tax cutter.
  • 00:04:56.154 --> 00:04:59.257
  • The tax cuts and jobs act was a phenomenal policy
  • 00:04:59.257 --> 00:05:02.694
  • Where we cut the highest marginal tax rate on on
  • 00:05:02.694 --> 00:05:06.131
  • Corporations from i forgot what it was, and 36% to 21%.
  • 00:05:06.131 --> 00:05:11.936
  • We, we got the, personal income tax rate down
  • 00:05:11.936 --> 00:05:16.107
  • From 39.6% to 37%,
  • 00:05:16.107 --> 00:05:19.744
  • 100% expensing of capital purchases.
  • 00:05:19.744 --> 00:05:23.081
  • We reduced the inheritance tax quite substantially.
  • 00:05:23.081 --> 00:05:26.017
  • That really got the economy booming and growing in there.
  • 00:05:26.017 --> 00:05:29.320
  • The numbers confirm everything here about trump success.
  • 00:05:29.320 --> 00:05:33.124
  • He also did one thing that was amazing, mike.
  • 00:05:33.124 --> 00:05:36.060
  • When not when covid 19 hit.
  • 00:05:36.060 --> 00:05:39.164
  • They expected the vaccine to be approved
  • 00:05:39.164 --> 00:05:42.834
  • In about eight years.
  • 00:05:42.834 --> 00:05:44.502
  • He did it in ten months by operation warp speed.
  • 00:05:44.502 --> 00:05:47.372
  • It was just astounding how well he did that.
  • 00:05:47.372 --> 00:05:50.975
  • Also, the supreme court appointments that he had made,
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  • And i'm not talking about social issues,
  • 00:05:53.812 --> 00:05:56.181
  • But here the chevron decision was that
  • 00:05:56.181 --> 00:05:58.750
  • Regulatory agencies are not allowed to make law.
  • 00:05:58.750 --> 00:06:02.253
  • They have to be passed by congress
  • 00:06:02.253 --> 00:06:04.155
  • And signed into law by the president.
  • 00:06:04.155 --> 00:06:06.524
  • And they rolled back all these
  • 00:06:06.524 --> 00:06:08.193
  • Regulations, restrictions and requirements
  • 00:06:08.193 --> 00:06:11.196
  • That had been inhibiting the us economy for a long, long time.
  • 00:06:11.196 --> 00:06:15.633
  • And lastly, under trump, we had very low inflation,
  • 00:06:15.633 --> 00:06:18.937
  • And it bounced back from very high inflation under biden.
  • 00:06:18.937 --> 00:06:22.540
  • So i would expect trump
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  • To take a very serious look at the economy.
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  • I think he's going to continue, price transparency,
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  • Which could
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  • Transform the us economy into one of the best health systems
  • 00:06:33.017 --> 00:06:36.120
  • In the world.
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  • Under biden, integrated dramatically health,
  • 00:06:37.689 --> 00:06:41.092
  • Life expectancy has declined and costs increased.
  • 00:06:41.092 --> 00:06:44.295
  • So all the way across the board, whether it be a tax policy,
  • 00:06:44.295 --> 00:06:48.633
  • Spending policy, monetary policy,
  • 00:06:48.633 --> 00:06:52.437
  • A sound money regulatory policy or trade policy,
  • 00:06:52.437 --> 00:06:57.075
  • I would expect my outcome to move in the right direction,
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  • The exact opposite of what biden did.
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  • I'm very excited about that.
  • 00:07:02.680 --> 00:07:04.215
  • And i'm very excited about the,
  • 00:07:04.215 --> 00:07:08.086
  • About what the new ambassador to israel is going to do
  • 00:07:08.086 --> 00:07:10.889
  • To make us even closer to that wonderful nation under.
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  • I appreciate that.
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  • And if i can get through the u.s.
  • 00:07:17.595 --> 00:07:18.930
  • Senate and get there, i hope to, represent as well.
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  • I'm going to ask
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  • One more question before we go to break in.
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  • This has to do with the fact that donald trump
  • 00:07:25.904 --> 00:07:29.240
  • Did do extensive tax cuts.
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  • The net result was that every american family was better off.
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  • Some estimated by $4,000 a year.
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  • That's actual money, better off.
  • 00:07:39.551 --> 00:07:41.986
  • But the biden people have continued to say
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  • That his tax cuts were only for billionaires and millionaires.
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  • Now, that's simply not true.
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  • Everyone benefited from the tax cuts.
  • 00:07:51.796 --> 00:07:53.965
  • And with a republican senate and house and a president.
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  • Will we see the full extension
  • 00:07:57.802 --> 00:08:00.305
  • Of the trump tax cuts when they come up for renewal?
  • 00:08:00.305 --> 00:08:04.008
  • Yeah,
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  • I don't understand these people because facts are facts.
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  • You know,
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  • You should care less about my opinion or your opinion.
  • 00:08:09.747 --> 00:08:13.117
  • And this is about facts, not how you feel.
  • 00:08:13.117 --> 00:08:15.587
  • With the tax cuts, a job that, us economy,
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  • Which had been growing right along with the level
  • 00:08:19.424 --> 00:08:21.292
  • Of the european union all of a sudden took off
  • 00:08:21.292 --> 00:08:23.628
  • Relative to the european union after two years.
  • 00:08:23.628 --> 00:08:26.598
  • Us real gdp was 2.5% higher than it would have been
  • 00:08:26.598 --> 00:08:31.135
  • Had it grown at the european
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  • Union rate, which is a huge, huge amount of dollars.
  • 00:08:32.570 --> 00:08:36.808
  • In addition to that, the poverty levels for the poor,
  • 00:08:36.808 --> 00:08:40.111
  • The minority, the disenfranchized,
  • 00:08:40.111 --> 00:08:41.846
  • The overall pattern of were lowest levels in history.
  • 00:08:41.846 --> 00:08:46.050
  • I mean, it's unemployment rates
  • 00:08:46.050 --> 00:08:47.552
  • For blacks, minorities, hispanics.
  • 00:08:47.552 --> 00:08:49.587
  • It's just
  • 00:08:49.587 --> 00:08:50.788
  • It couldn't get any better and it didn't get any better.
  • 00:08:50.788 --> 00:08:53.658
  • And and lastly, just to put the egg in the beer,
  • 00:08:53.658 --> 00:08:58.696
  • Us revenues, tax revenues, federal tax revenues
  • 00:08:58.696 --> 00:09:03.868
  • Grew by more in the two years, including the tax cuts
  • 00:09:03.868 --> 00:09:07.639
  • And jobs act, than they did in the prior two years.
  • 00:09:07.639 --> 00:09:11.576
  • There by a substantial amount, by more.
  • 00:09:11.576 --> 00:09:14.278
  • The increase was by more than it had been
  • 00:09:14.278 --> 00:09:17.348
  • In the prior two year period.
  • 00:09:17.348 --> 00:09:18.950
  • So they paid for themselves in spades.
  • 00:09:18.950 --> 00:09:21.886
  • And that's not even counting state
  • 00:09:21.886 --> 00:09:23.554
  • And local government revenues, which rose even more.
  • 00:09:23.554 --> 00:09:25.990
  • But it's all just acres
  • 00:09:25.990 --> 00:09:27.925
  • And acres and soap suds and horse manure.
  • 00:09:27.925 --> 00:09:30.361
  • And i don't know why anyone would let them get away
  • 00:09:30.361 --> 00:09:33.498
  • With telling those things that are just not true.
  • 00:09:33.498 --> 00:09:36.234
  • These are facts.
  • 00:09:36.234 --> 00:09:37.268
  • Now, i go on a lot and i know how to read them,
  • 00:09:37.268 --> 00:09:40.171
  • And these guys don't.
  • 00:09:40.672 --> 00:09:41.606
  • And they don't care about they know
  • 00:09:41.606 --> 00:09:43.574
  • They don't have any integrity in the way they report data.
  • 00:09:43.574 --> 00:09:47.779
  • They will pay virtually anything to try to make biden better.
  • 00:09:47.779 --> 00:09:51.649
  • And having them misreporting numbers does not make biden
  • 00:09:51.649 --> 00:09:55.720
  • Bad for the country and for them and for all of us.
  • 00:09:55.720 --> 00:09:59.957
  • I never thought i would argue with you,
  • 00:10:00.758 --> 00:10:02.360
  • But i've got to disagree with one thing you said.
  • 00:10:02.360 --> 00:10:04.562
  • You said you're off. wrong.
  • 00:10:04.562 --> 00:10:06.264
  • My experience with you, you're never wrong.
  • 00:10:06.264 --> 00:10:09.233
  • My gosh, i listen to you and just take it in like a disciple.
  • 00:10:09.233 --> 00:10:13.771
  • Argument, would you?
  • 00:10:14.238 --> 00:10:15.506
  • Why? he is the.
  • 00:10:15.506 --> 00:10:16.274
  • If you talk to my wife about that.
  • 00:10:16.274 --> 00:10:17.842
  • I will let her know.
  • 00:10:17.842 --> 00:10:20.411
  • She needs to respect what they say.
  • 00:10:20.411 --> 00:10:23.181
  • Doctor art lever is the author of the book
  • 00:10:23.181 --> 00:10:25.083
  • The trump economic miracle and the plan
  • 00:10:25.083 --> 00:10:27.018
  • To unleash prosperity again.
  • 00:10:27.018 --> 00:10:28.820
  • It is out now,
  • 00:10:28.820 --> 00:10:29.954
  • And we are going to continue our conversation
  • 00:10:29.954 --> 00:10:32.323
  • With doctor art laffer right after this.
  • 00:10:32.323 --> 00:10:34.325
  • Stay here.
  • 00:10:34.325 --> 00:10:43.002
  • We are back with one of the
  • 00:10:43.002 --> 00:10:43.802
  • Leading economists of our time, doctor art laffer.
  • 00:10:43.802 --> 00:10:47.639
  • The infamous laffer curve that you created.
  • 00:10:47.639 --> 00:10:51.176
  • The rumor is you actually kind of developed it on the back
  • 00:10:51.176 --> 00:10:55.748
  • Of a white house envelope during the reagan years.
  • 00:10:55.748 --> 00:10:59.351
  • Explain what that is. and why.
  • 00:10:59.351 --> 00:11:01.453
  • Now, for almost 50 years,
  • 00:11:01.453 --> 00:11:04.056
  • People have embraced the laffer curve
  • 00:11:04.056 --> 00:11:06.792
  • As one of the most significant economic theories
  • 00:11:06.792 --> 00:11:09.595
  • For economic growth.
  • 00:11:09.595 --> 00:11:12.231
  • Yeah.
  • 00:11:12.231 --> 00:11:13.098
  • Let me let me just say, if i can make
  • 00:11:13.098 --> 00:11:14.366
  • I didn't invent it.
  • 00:11:14.366 --> 00:11:15.734
  • It it's been around for
  • 00:11:15.734 --> 00:11:16.835
  • Thousands of years, to be honest with you.
  • 00:11:16.835 --> 00:11:19.238
  • And i didn't even name it
  • 00:11:19.238 --> 00:11:20.739
  • The lap record that was done by dude witness.
  • 00:11:20.739 --> 00:11:22.941
  • The only thing that that i did was i really introduced
  • 00:11:22.941 --> 00:11:26.812
  • That curve into the discussions in the ford administration,
  • 00:11:26.812 --> 00:11:31.316
  • And,
  • 00:11:31.517 --> 00:11:32.718
  • They were always looking at if you raise tax rates by 10%,
  • 00:11:32.718 --> 00:11:35.921
  • You're going to get 10% more revenue.
  • 00:11:35.921 --> 00:11:37.890
  • You know, by raising tax rates by 10%,
  • 00:11:37.890 --> 00:11:41.727
  • You do collect more revenue per dollar of tax base.
  • 00:11:41.727 --> 00:11:44.830
  • That's true.
  • 00:11:44.830 --> 00:11:46.198
  • But it also by raising tax rates, you incentivize people
  • 00:11:46.198 --> 00:11:50.068
  • To produce less and the tax base shrinks.
  • 00:11:50.068 --> 00:11:53.305
  • These two effects the arithmetic effect, the tax rate effect
  • 00:11:53.305 --> 00:11:57.409
  • And the output effect or the economic effect
  • 00:11:57.409 --> 00:12:00.145
  • Always work in the opposite direction.
  • 00:12:00.145 --> 00:12:02.981
  • And sometimes tax rate increase will raise more revenue,
  • 00:12:02.981 --> 00:12:07.119
  • But sometimes they cause revenues to fall.
  • 00:12:07.119 --> 00:12:12.658
  • So when
  • 00:12:12.891 --> 00:12:14.359
  • Government spends more money, some people say that's great.
  • 00:12:14.359 --> 00:12:18.430
  • Government is going to help me go to college.
  • 00:12:18.430 --> 00:12:20.232
  • Government is going to pay off my truck.
  • 00:12:20.232 --> 00:12:22.301
  • Government is going to fix my home if i have a repair.
  • 00:12:22.301 --> 00:12:26.271
  • What's wrong with the idea
  • 00:12:26.271 --> 00:12:27.306
  • That government is our best friend
  • 00:12:27.306 --> 00:12:29.441
  • And that we ought to depend on uncle sugar to take care of us?
  • 00:12:29.441 --> 00:12:34.213
  • Because for every dollar the government's government
  • 00:12:34.213 --> 00:12:36.715
  • Spends on you,
  • 00:12:36.715 --> 00:12:38.150
  • They have to take from someone else,
  • 00:12:38.150 --> 00:12:40.285
  • And that person's going to be worse off.
  • 00:12:40.285 --> 00:12:42.588
  • Let me imagine something without going into too much detail.
  • 00:12:42.588 --> 00:12:45.824
  • Imagine we have a two person world,
  • 00:12:45.824 --> 00:12:48.727
  • Farmer a and farmer b.
  • 00:12:48.727 --> 00:12:51.463
  • If farmer b gets unemployment benefits.
  • 00:12:51.463 --> 00:12:53.632
  • Mike,
  • 00:12:53.632 --> 00:12:55.300
  • What do you think pays for him?
  • 00:12:55.300 --> 00:12:58.070
  • Is it farmer eight?
  • 00:12:58.070 --> 00:12:59.504
  • Yes it is everyone. yes.
  • 00:12:59.504 --> 00:13:02.774
  • You heard someone else.
  • 00:13:02.774 --> 00:13:03.775
  • Now let me take it to the full extreme.
  • 00:13:03.775 --> 00:13:07.613
  • Let's say we gave farmer b 100% of all output.
  • 00:13:07.613 --> 00:13:13.218
  • So that
  • 00:13:13.452 --> 00:13:14.119
  • Farmer got nothing whatsoever.
  • 00:13:14.119 --> 00:13:16.989
  • How much do you think farmer eight would continue working?
  • 00:13:16.989 --> 00:13:20.425
  • He wouldn't.
  • 00:13:20.759 --> 00:13:21.827
  • The economy would fall to the floor and be worthless.
  • 00:13:21.827 --> 00:13:25.764
  • Let me just say that you cannot tax an economy into prosperity.
  • 00:13:25.764 --> 00:13:30.435
  • It's stupid.
  • 00:13:30.435 --> 00:13:31.904
  • And you, a poor person, cannot spend himself and the wealth.
  • 00:13:31.904 --> 00:13:35.340
  • That's even dumber yet.
  • 00:13:35.340 --> 00:13:37.342
  • And these guys who say that, you know, straight up
  • 00:13:37.342 --> 00:13:40.412
  • From second.
  • 00:13:40.412 --> 00:13:44.149
  • Say what i think people love about you
  • 00:13:44.983 --> 00:13:47.653
  • Is that despite your being one of the most academically
  • 00:13:47.653 --> 00:13:51.323
  • Capable economists in the world, you make it simple
  • 00:13:51.323 --> 00:13:56.261
  • So that even guys like me can clearly understand it.
  • 00:13:56.261 --> 00:13:59.932
  • Economists typically make it sound like that.
  • 00:13:59.932 --> 00:14:03.368
  • Only the economist can understand it.
  • 00:14:03.368 --> 00:14:05.938
  • I sometimes i have compared economists to lawyers.
  • 00:14:05.938 --> 00:14:09.841
  • They create a language that only they speak.
  • 00:14:09.841 --> 00:14:12.577
  • So everybody says, boy, those guys are smart,
  • 00:14:12.577 --> 00:14:14.947
  • Even though everybody says,
  • 00:14:14.947 --> 00:14:15.948
  • But i have no clue what they just said.
  • 00:14:15.948 --> 00:14:17.716
  • What you just said, everybody gets it makes perfect sense.
  • 00:14:17.716 --> 00:14:23.488
  • So we've got a good point.
  • 00:14:23.488 --> 00:14:24.723
  • Let's approach the economy.
  • 00:14:24.723 --> 00:14:26.858
  • I want to hear it. let's hear it.
  • 00:14:26.858 --> 00:14:28.860
  • It takes a phd in economics
  • 00:14:28.860 --> 00:14:31.296
  • Not to be able to
  • 00:14:31.730 --> 00:14:32.564
  • Understand the obvious.
  • 00:14:32.564 --> 00:14:37.936
  • I totally could see that.
  • 00:14:38.503 --> 00:14:41.373
  • But why is it that members of congress.
  • 00:14:41.373 --> 00:14:43.642
  • And let's be fair, republicans sometimes
  • 00:14:43.642 --> 00:14:47.245
  • Are as bad about this as democrats are.
  • 00:14:47.245 --> 00:14:50.515
  • And they go into the same levels
  • 00:14:50.515 --> 00:14:52.451
  • Of high government spending giveaways, earmarks.
  • 00:14:52.451 --> 00:14:56.388
  • Why don't they get it?
  • 00:14:56.388 --> 00:14:58.190
  • Do they not want to get it?
  • 00:14:58.190 --> 00:14:59.224
  • Are they just not understanding?
  • 00:14:59.224 --> 00:15:02.494
  • I don't really know what you have to talk to some shrink
  • 00:15:02.494 --> 00:15:05.197
  • Or psychologist or some,
  • 00:15:05.197 --> 00:15:07.099
  • Someone who gets into the minds of people.
  • 00:15:07.099 --> 00:15:09.968
  • But the obvious thing is, if you understand that
  • 00:15:09.968 --> 00:15:12.771
  • Spending your own money means you have less left.
  • 00:15:12.771 --> 00:15:16.641
  • The same thing should be with congress.
  • 00:15:17.442 --> 00:15:19.444
  • If they give money to someone,
  • 00:15:19.444 --> 00:15:20.846
  • They've got to take it from someone else.
  • 00:15:20.846 --> 00:15:23.048
  • And the people that are helping are all at the expense
  • 00:15:23.048 --> 00:15:25.817
  • Of the people they're hurting.
  • 00:15:25.817 --> 00:15:27.419
  • And it's a it's a tragedy that they don't understand.
  • 00:15:27.419 --> 00:15:30.022
  • That might be that's the truth.
  • 00:15:30.022 --> 00:15:32.457
  • And the example i gave was that
  • 00:15:32.457 --> 00:15:35.193
  • If we gave everyone in the u.
  • 00:15:35.193 --> 00:15:37.796
  • Who doesn't work, everything,
  • 00:15:37.796 --> 00:15:42.034
  • And we took away
  • 00:15:42.434 --> 00:15:43.301
  • Everything from the people who do work,
  • 00:15:43.301 --> 00:15:46.371
  • What do you think would have happened
  • 00:15:46.371 --> 00:15:47.539
  • To total work production and output in the economy?
  • 00:15:47.539 --> 00:15:51.676
  • It'd go to zero.
  • 00:15:52.077 --> 00:15:52.778
  • People quit working. yep.
  • 00:15:52.778 --> 00:15:54.780
  • And everything would be at zero.
  • 00:15:54.780 --> 00:15:56.381
  • So government spending is taxation, pure
  • 00:15:56.381 --> 00:15:59.418
  • And simple.
  • 00:15:59.418 --> 00:16:02.487
  • You know,
  • 00:16:02.788 --> 00:16:03.955
  • I so appreciate and it's just a delight to have you here.
  • 00:16:03.955 --> 00:16:06.525
  • I hope people will get the latest book by doctor art
  • 00:16:06.525 --> 00:16:09.594
  • Laffer called the book of the trump economic miracle
  • 00:16:09.594 --> 00:16:14.566
  • And the plan to unleash prosperity again.
  • 00:16:14.566 --> 00:16:19.071
  • As you can see, you'll understand
  • 00:16:19.071 --> 00:16:22.007
  • What you read in doctor livers book.
  • 00:16:22.007 --> 00:16:25.343
  • Well, stay with us.
  • 00:16:25.811 --> 00:16:26.912
  • I'm going to visit our inbox soon.
  • 00:16:26.912 --> 00:16:29.181
  • Share some emails and things you're saying to us.
  • 00:16:29.181 --> 00:16:31.516
  • We'll do that right after this short break.
  • 00:16:31.516 --> 00:16:42.005
  • And welcome back.
  • 00:16:42.005 --> 00:16:42.795
  • Don't you just love doctor art laffer?
  • 00:16:42.795 --> 00:16:45.198
  • My gosh,
  • 00:16:45.198 --> 00:16:46.132
  • Every time i listen to him, i feel like
  • 00:16:46.132 --> 00:16:48.434
  • I've actually learned something.
  • 00:16:48.434 --> 00:16:50.236
  • It's refreshing.
  • 00:16:50.236 --> 00:16:51.637
  • Let's go to your emails.
  • 00:16:51.637 --> 00:16:53.005
  • This comes to us from linda.
  • 00:16:53.005 --> 00:16:54.207
  • She lives in opelika, alabama and says,
  • 00:16:54.207 --> 00:16:57.243
  • I congratulate your nomination as ambassador to israel.
  • 00:16:57.243 --> 00:17:00.880
  • I know you will do an amazing job in that capacity.
  • 00:17:00.880 --> 00:17:03.783
  • However, my heart is sad that you will no longer be able
  • 00:17:03.783 --> 00:17:07.487
  • To do this show.
  • 00:17:07.487 --> 00:17:08.955
  • Linda, as sad as your heart is, mine is even sadder.
  • 00:17:08.955 --> 00:17:13.292
  • Somehow the federal government kind of looks down on their
  • 00:17:13.292 --> 00:17:16.762
  • Ambassadors having a side hustle like doing a television show.
  • 00:17:16.762 --> 00:17:20.933
  • So yes, this one, like my weekly show, has to come to an end.
  • 00:17:20.933 --> 00:17:24.804
  • Thank you.
  • 00:17:25.104 --> 00:17:26.372
  • Kay from mississippi asks why is lobbying legal?
  • 00:17:26.372 --> 00:17:30.910
  • You know, it may seem like that lobbying has no useful purpose.
  • 00:17:30.910 --> 00:17:34.013
  • I may surprise you with what i'm about to say.
  • 00:17:34.013 --> 00:17:36.682
  • Good lobbying is very helpful,
  • 00:17:36.682 --> 00:17:39.218
  • And lobbying is disclosed.
  • 00:17:39.218 --> 00:17:41.754
  • So we should know who they are, who they work for,
  • 00:17:41.754 --> 00:17:46.092
  • And what they're advocating.
  • 00:17:46.092 --> 00:17:47.793
  • So lobbying is actually more transparent
  • 00:17:47.793 --> 00:17:50.630
  • Than somebody
  • 00:17:50.630 --> 00:17:51.764
  • Sending a thousand letters to a congressional office.
  • 00:17:51.764 --> 00:17:54.534
  • Good lobbyists tell both sides of this story.
  • 00:17:54.534 --> 00:17:57.637
  • They not only give some indication of what
  • 00:17:57.637 --> 00:18:00.873
  • They or their company is asking government for,
  • 00:18:00.873 --> 00:18:04.477
  • But they say here are the people who will be against it.
  • 00:18:04.477 --> 00:18:07.413
  • And that's really a service to the people
  • 00:18:07.413 --> 00:18:10.183
  • Who are looking at various pieces of legislation.
  • 00:18:10.183 --> 00:18:13.753
  • So it's not inherently wrong.
  • 00:18:13.753 --> 00:18:16.022
  • It sometimes can be that way.
  • 00:18:16.022 --> 00:18:18.257
  • When the members of congress who are elected
  • 00:18:18.257 --> 00:18:21.861
  • Let themselves get, i guess, run by the lobbyists.
  • 00:18:21.861 --> 00:18:26.132
  • That's never a good thing.
  • 00:18:26.132 --> 00:18:27.967
  • And this from elizabeth. she lives in virginia beach.
  • 00:18:27.967 --> 00:18:30.203
  • She says every night i begin my prayers
  • 00:18:30.203 --> 00:18:32.104
  • With the same prayer that i said as a child.
  • 00:18:32.104 --> 00:18:34.774
  • Then i began my prayer tree.
  • 00:18:34.774 --> 00:18:36.409
  • That always, always includes the jewish people
  • 00:18:36.409 --> 00:18:39.378
  • And the hostages.
  • 00:18:39.378 --> 00:18:41.047
  • But at this moment, i'd like to send up a prayer for you
  • 00:18:41.047 --> 00:18:44.150
  • That your ambassadorship hears the whispers from god
  • 00:18:44.150 --> 00:18:47.320
  • And that you return home safely after your return.
  • 00:18:47.320 --> 00:18:51.791
  • Thank you, elizabeth, and god bless.
  • 00:18:51.791 --> 00:18:54.527
  • I've got some final thoughts to share with you.
  • 00:18:54.527 --> 00:18:56.629
  • I'll do that right after this.
  • 00:18:56.629 --> 00:19:06.005
  • Every once in a while, the baptist minister
  • 00:19:06.072 --> 00:19:08.674
  • Part of me might show up in this program, like tonight.
  • 00:19:08.674 --> 00:19:12.511
  • I so enjoy doctor art laffer interview.
  • 00:19:12.511 --> 00:19:15.014
  • And i learned a lot about money and economics.
  • 00:19:15.014 --> 00:19:18.351
  • And it stimulated some
  • 00:19:18.351 --> 00:19:19.518
  • Reflections on biblical views of what we call money.
  • 00:19:19.518 --> 00:19:23.623
  • The bible calls it treasure.
  • 00:19:23.623 --> 00:19:26.225
  • And the gospel of matthew.
  • 00:19:26.225 --> 00:19:27.326
  • Jesus tells his disciples to lay up for yourselves
  • 00:19:27.326 --> 00:19:31.564
  • Treasures in heaven and not on earth.
  • 00:19:31.564 --> 00:19:35.134
  • He explains that what we value reflects how we live,
  • 00:19:35.134 --> 00:19:39.138
  • And that our heart will actually be where our treasure is.
  • 00:19:39.138 --> 00:19:43.976
  • In the new testament book of corinthians, the apostle
  • 00:19:43.976 --> 00:19:46.312
  • Paul refers to the gospel of jesus christ
  • 00:19:46.312 --> 00:19:49.548
  • As a treasure that dwells in human beings.
  • 00:19:49.548 --> 00:19:53.286
  • In the sermon on the mount.
  • 00:19:53.286 --> 00:19:54.754
  • Christ tells us where your treasure is.
  • 00:19:54.754 --> 00:19:57.823
  • There your heart will be also.
  • 00:19:57.823 --> 00:20:00.660
  • He's talking, of course, about our treasure in heaven.
  • 00:20:00.660 --> 00:20:04.363
  • So the big question is this where is your treasure?
  • 00:20:04.363 --> 00:20:09.035
  • Check your heart, not your bank account,
  • 00:20:09.035 --> 00:20:12.204
  • Because your heart will be more accurate.
  • 00:20:12.204 --> 00:20:14.707
  • I hope you've enjoyed our show tonight.
  • 00:20:14.707 --> 00:20:17.009
  • And if you do, tell some others,
  • 00:20:17.009 --> 00:20:18.844
  • Because we'll only be doing this for a few more times.
  • 00:20:18.844 --> 00:20:22.248
  • Until then. i'm mike huckabee.
  • 00:20:22.248 --> 00:20:24.183
  • We're on the air from little rock
  • 00:20:24.183 --> 00:20:25.518
  • Every weekday evening, at least for the rest of this month.
  • 00:20:25.518 --> 00:20:29.588
  • Then it's off to israel.
  • 00:20:29.588 --> 00:20:31.257
  • That is, if the senate signs off on it.
  • 00:20:31.257 --> 00:20:34.060
  • Thanks for watching
  • 00:20:34.060 --> 00:20:35.061
  • And stay right here on tbn for alan jackson.
  • 00:20:35.061 --> 00:20:38.364
  • He's coming up next.
  • 00:20:38.364 --> 00:20:39.832
  • Good night. and god bless.
  • 00:20:39.832 --> 00:20:39.832