JBS 2017 XII 19 Tuesday
Photo: Shah Pahlevi, JFK, McNamara.
JOHN BATCHELOR SHOW
Co-hosts: Larry Kudlow, CNBC emeritus and Cumulus network radio on Saturday; Thaddeus McCotter, WJR, the Great Voice of the Great Lakes.
 
Hour One
Tuesday 19 December 2017  / Hour 1, Block A:  Steve Moore,  , in re: Tax bill:  . . . We’re about to see a GDP  growth the likes of which we haven't seen recently. Proof of pudding is in eating; we’ll know fairly early in 201. Not from goofy models and goofy polls [of almost entirely Democrats]. Steve: we tried Pres Obama’s way for eight years and it didn’t wok out to well; now we’ll try this.  Larry: In 2010-2016, the average GOP turnout was 32% +/- ; of Democrats, 36% +/=.  I think we're on the front edge of a business investment boom.  Core capital goods orders and shipments rising; money will come home to help finance this.  Steve: Watch for how quickly this does affect the economy. We’ve already seen $5 trillion increase in wealth.  . . . People will be given a choice of whether or not to buy Obamacare, and many will rush for the exits – which enrages Democrats. ANWAR.  
Tuesday 19 December 2017  / Hour 1, Block B: Steve Moore,  , in re: Tax bill.  . . . The market is and will be up so much it may constitute the biggest bailout ever for the teachers’ unions. Most unions’ pension funds are 70% in the stock market.  This will be a magnet for international money – recall that “giant sucking sound.”
 
Tuesday 19 December 2017  / Hour 1, Block C: Bill Whelan, Hoover, in re: Tax bill.   . . . JB: Is there an instance where the American voters have voted against someone who gave them more money? Bill: Good question; dunno [chuckle].  Larry: Look, either this thing is going to work, or it isn't; we’ll find out soon.  JB: Can we run Steve Mnuchin for president in 2020?  Larry: He’s a stalwart; he’s never wavered.
Tuesday 19 December 2017  / Hour 1, Block D:  John A Catsimatidis, Committee to Unleash Prosperity, in re: Tax cut bill: Americans got the best gift ever for Christmas or Hannukah – stock market is almost at 25,000; business people no longer feel that they're enemies of Washington.  Now there are big stock buybacks –  and confidence in America, even in the blue states. I'll be paying more taxes, but I’ll take it if the economy is booming.  Larry: Growth solves all the problems.  JAC: I’ll have more cash, which I’ll invest and thereby create more jobs. It takes optimism. Under Pres Obama, we were hiding. One of our businesses is oil – we were constantly wondering, “What’ll they tax us on next week?”  . . .  Major benefit to blue states won't happen overnight; probably over a period of time. Larry: The Fed govt has enabled states to keep raising taxes, but now that’ll cease.  . .   JAC: Florida has zero state or city taxes; New York has $260 billion in taxes, where both states have populations of 20 million people.   In 2018, I think the market will go up another 10,000. 
 
Hour Two
Tuesday 19 December 2017  / Hour 2, Block A: Cohen
Tuesday 19 December 2017  / Hour 2, Block B: Cohen
Tuesday 19 December 2017  / Hour 2, Block C: Cohen
Tuesday 19 December 2017  / Hour 2, Block D:  Cohen
 
Hour Three
Tuesday 19 December 2017  / Hour 3, Block A: 
Tuesday 19 December 2017  / Hour 3, Block B: 
Tuesday 19 December 2017  / Hour 3, Block C: 
Tuesday 19 December 2017  / Hour 3, Block D:  
 
 
Hour Four
Tuesday 19 December 2017  / Hour 4, Block A: 
Tuesday 19 December 2017  / Hour 4, Block B: 
Tuesday 19 December 2017  / Hour 4, Block C: