Larry Kudlow: No one in the US has confidence in Biden
Kudlow rips Biden's policies ahead of the midterms
Larry Kudlow: Biden lies with impunity
FOX Business host Larry Kudlow calls out President Biden for saying oil producers are asleep on ‘Kudlow.’
I'm not quite finished with Joe Biden's fraudulent and duplicitous presser yesterday. That's where he announced another SPR drawdown of 15 million barrels and then said with a straight face that it wasn't really a political decision. There isn't a single common-sense American — not one common-sense American — who really believes that, but it got worse.
Mr. Biden blamed high energy prices on the oil companies. They’re making too much money. It's a conspiracy. They're not doing their job and they're asleep. Please, watch this and weep.
PRESIDENT BIDEN: My administration has not stopped or slowed U.S. oil production. Quite the opposite. The problem is, these guys are asleep.
Who's asleep, Joe? Who first said they're going to shut down the fossil fuel industry? Take a listen to this and weep some more.
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President Joe Biden on Saturday urged major G20 energy producing countries with spare capacity to boost production to ensure a stronger global economic recovery as part of a broad effort to pressure OPEC and its partners to increase oil supply. (AP Photo/Evan Vucci / AP Newsroom)
BIDEN: No more drilling on federal lands. No more drilling, including offshore. No ability for the oil industry to continue to drill. Period.
Period — that's right, period. This is utterly duplicitous and it points out what millions of Americans have come to know about Joe Biden. He has a major character flaw: He lies with impunity. I don't like to use that word about presidents, but this president is giving me no choice. These are not little white lies. These are not little embellishment fibs. These are major policy statements that he will not own up to.
What's more, U.S. production is several million barrels short of where it should be — same for gasoline. Get ready for the big chill when natural gas, heating, oil, electricity and propane costs are so high that it's going to be a very cold winter for Americans. Everybody's going to have to wear three sweaters, like Jimmy Carter.
Biden can blame whomever he wants, but the reality is, his radical climate change policies have stopped leasing, permitting, fracking, refining. He knows it. The country knows it, and no matter what he says on the eve of this election, it's not going to change anybody's derogatory opinion of his policy or his character. That's the way things work in real life.
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Art Laffer: Biden doesn't have a vision for the future
Former Reagan economist Art Laffer reacts to Americans losing confidence in the Biden administration on 'Kudlow.'
No one in this country has confidence in this president — no one. As much as any other factor, be it high inflation, recession, fossil fuels, radical global warming, anti-business regulations, the fact that we have lost economic security and national security power — all this factors in to showing the cavalry is coming and a Republican wave as much as anything are tied into a lack of confidence in this president. There is no other way I can put it.
We will hear more about all this from former Secretary of State Mike Pompeo and American Petroleum Institute CEO Mike Sommers. Maybe I'll be wrong, but I sense that this unstoppable decline in presidential confidence, brought about by self-inflicted wounds on a virtually daily basis, is one of the key factors in this election. That's my riff.
This article is adapted from Larry Kudlow's opening commentary on the October 20, 2022, edition of "Kudlow."
