Skip to main content

tv   Larry Kudlow on Latest Jobs Report  CSPAN  December 4, 2020 7:47pm-8:01pm EST

7:47 pm
on its promise to pursue to work seceding from the union. >> hoover conceded the election had notion day -- he choice given the resounding nature of the vote and how it was reported in the press, and it was clear he had lost the election, but he never conceded the substance of the argument. he continued to believe that the new deal, as framed by roosevelt in the campaign, representative fundamental threat towards the american way of life, so he devoted himself to preventing roosevelt from being able to enact it. >> contentious presidential election's, sunday night at 8:00 p.m. eastern on c-span q&a. added u.s. economy 45,000 jobs in november and unemployment dipped to 6.7%, but that is still around 10 million jobs short of where we worth pre-coronavirus pandemic.
7:48 pm
covid-19 continues spreading throughout the country. white house economic adviser larry kudlow spoke to reporters outside the white house on the latest job numbers. >> good morning, larry. hello. >> hello. hello. >> good. >> you ready for the final stretch of the gauntlet run? [laughter] i just went this morning, specifically, i didn't mean more broadly. [laughter] damon mr. kudlow: we're busy today. yes, ma'am. reporter: you and the president were taking credit when things were going well for the economy. so where is the president now when so many people are suffering? mr. kudlow: well, there' a lot of suffering out there, i agree. will also argue the
7:49 pm
economy has registered a very the g comeback from pandemic, including today's jobs a 6.7% unemployment rate. now there's still over 10 million people who are jobless, not good. that is hardship. be ay the way, that should target of any -- in any assistance package. at the peak it was 23 million. 150 million t working. and that's way up. the 10 million unemployed is way down. i like that. i have to say, look, in terms of these numbers -- i know you are deep in the get numbers, but you still got -- on.e's a housing boom going consumer spending is strong.
7:50 pm
business and of factory production going on. t.m.i.'s 's and the were nearly 60%. that's very healthy number. at that. all that stuff looks like a v. one of wall street's top economists, ed, has his tree that's growing at 29% a little cheer. i think we have much more work to do. i understand that. come a long e've way. reporter: where is the president? [indiscernible] where is the president's leadership on this? larry: i don't understand. reporter: where is the president? we're not hearing from him about covid or economic relief or about helping these people who are unemployed? spoken on , he has the unemployed. he favors a targeted assistance package. he's always favored that. the point, number one.
7:51 pm
number two -- we are not going here, but i would say to you that he's put remarkable infrastructure in just a few onths, six or seven months, to ight covid and it's a global event. all the countries are having the same problems. will say this, his operation warp speed, which he developed you know,as produced, help is on the way. can i just say that? on the vaccines are a week or two away. et 20 million-plus by the end of this month. 40 million by january. nd up to 100 million in late march, april. that's what the scientists are estimating. companies.great his operation -- we poured billions of dollars into the vaccines. private sector and all the brilliant people developing these
7:52 pm
vaccines. that e president opened oor, we have done what takes 10 years plus. you may not agree. but i think he has done a tremendous job on this project. reporter: covid package, does the president have any views on that? mr. kudlow: we all want to talk policies, not dollars and leave that leadership to senator mcconnell and speaker pelosi. they're talking. i would say it has a somewhat more optimistic tone. but the issues here on policy is a couple of key targeted areas that our team and the senate leadership wants. small business p.p.e., federal
7:53 pm
unemployment assistance to deal with the hardship. some liability insurance curves, which would help small businesses, small schools and local government. very hard to trace these covid breakouts. those are some of the key points. by the way, you've got roughly $600 billion that is unspent and will be reappropriated. reporter: you don't want to say -- mr. kudlow: i'm going to lead it to senator mcconnell and speaker pelosi and others. we are in touch daily right now with everybody. that includes the republican house leader, kevin mccarthy. >> can i follow up? given the stats -- [indiscernible] >> and given the economic
7:54 pm
numbers we saw today and i know you disagree with some of the characterizations but you say it is below what economists are hoping for, how hopeful is it that a bill will be passed in a lame duck session? mr. kudlow: i have argued that targeted areas should be dealt through. and i see no reason why we couldn't have done this last summer, early in the fall, particularly small business and unemployment. and i would add to that, i know senator mccome and i think he is right, some liability insurance reforms would also help small businesses. we want to keep the schools open and keep businesses open. and we know of specific targeted programs that would help that and $600 billion of unspent money. i'm not going to call it free
7:55 pm
money. it doesn't represent additional spending. well, i'll just stop there. we have called for that. we have wanted that for months and months and months and months. we didn't want a $3 trillion package or on other matters that had nothing to do with covid. the president has been there for from day one. reporter: the jobs numbers, -- mr. kudlow: the jobs numbers are doing sri well. c.b.o.,ke a look at the federal reserve, why they have the jobless rate at year end and early next. least three percentage oints below where those --
7:56 pm
[indiscernible] >> i call it a pretty good thing. the bipartisan relief package is very helpful. but also fundamentally this is a healthy economy pre-pandemic. the roots of this were full and center. the tax cuts and deregulation, better trade deals. so we are able to withstand this. take a look what is going on in europe. see contrast. take a look and parts of asia. does the president bear responsibility? i think the president bears responsibility for the positives and i know it is not common to give into that and again, i come back -- help is on the way. vaccines are coming, ok? how me historically in science
7:57 pm
a vaccine for a major virus like this in six months. seriously. give the guy some credit. he deserves credit. he powered money into it. he lowered regulations. the f.d.a. -- i don't want to go on and on. you are the reporter and you know the stories. reporter: one of the policies you didn't mention is additional aid for state and local governments, the bipartisan framework has $1880 billion, is that an acceptable figure for the administration? mr. kudlow: i will let the dministrators work that out. he doesn't want to deal with mismanaged states and localities. i do want to comment on it because i will leave it to the
7:58 pm
negotiation. indiscernible] mr. kudlow: i will let him speak for himself. he would like to see a liability shield reform with respect to these social media companies. and i happen to agree. there are competitors and censorship issues that no one ever intended. his pertains to the 1996 telecom decency bill. and it looks like to me in this error of social media, that needs to be reformed and section 230 is the place to reform it and i'm not going to give you the wording but i'm just saying that liability shield has got to be re-examined at a minimum. now providing the defense authorization bill, i'm not
7:59 pm
going -- the president will make that decision, but i can tell you he continues to very much vor getting rid of this 230, section 230 liability shield. reporter: what would be the point of very toing that bill if it is going to get passed over the objections of the president? mr. kudlow: i'm not going to make forecasts on that. reporter: do you have any -- [indiscernible] mr. kudlow: not today. anything else? >> thanks, larry. > happy holidays, larry. captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit
8:00 pm
next, former president barack obama campaigning for two democratic senate candidates in georgia head of the runoff next month. then, vice president mike pence visits the cdc headquarters. then, larry kudlow comments on the latest job numbers. then, president-elect biden also reviewing those numbers released today. >> listen to c-span's podcasts "the weekly." our guest is don ritchie. he joins us to discuss the constitutional steps that still need to be finalized before president elect joe biden is sworn in. where you findy" your podcasts. former president obama joins a virtual event in georgia supporting democratic senate candidates. both are


info Stream Only

Uploaded by TV Archive on