FOX Business host Larry Kudlow reacts to Rep. Mike Johnson’s re-election as Speaker of the House on ‘Kudlow’.
At noon for Speaker Mike Johnsonand that’s the theme of the riff.
It was midday drama in the House of Representatives, as Michael Johnson was finally re-elected Speaker of the 119th Congress by a 218-215 vote.
Maybe it’s a bit of a stretch, but all this somehow reminded me of the great cowboy movie “At Noon” — starring Gary Cooper and Grace Kelly. Cooper won an Oscar for a role in which he had to clean up the villains, and in fact, at the end of the film, he shoots the worst criminal in town.
It wasn’t quite like this in the House today, but in the end Mike Johnson was able to convince dozens of Republican rebels, including a friendly persuasion from President Trump of the last two resistances. So the Gary Cooper metaphor isn’t precise, but you get the picture.
THE ECONOMIST WARNS THAT THE AMAZON AND STARBUCKS STRIKES COULD ‘BACKFALL’
Former Trump adviser Kellyanne Conway shares her take on Rep. Mike Johnson’s re-election as Speaker of the House on ‘Kudlow.’
Speaker Johnson delivered a powerful acceptance speech after the final tally — touching on key elements of President Trump’s mandate for an agenda of change. Here is one of them:
SPEAKER JOHNSON: We will act quickly and start defending the borders of our country. That’s priority number one. That. | We will deport dangerous criminals, illegal aliens and finally finish building the border wall.
Then the speaker moved right into pro-growth tax cuts. Listen to:
JOHNSON: After four years of high inflation, we have a big plan. | We can fight high inflation and we must. We will make it easier for Americans and we will extend the Trump tax cuts.
Unfortunately, when President Trump takes office, he will be stuck with the leftovers Bidenflation — caused in part by Biden’s insane last-minute spending spree and the Federal Reserve mis-monetizing Biden’s deficits by cutting interest rates and inflating the money supply.
Unless Trump’s supply-side tax cuts and deregulation are quickly established, this new year of 2025 could prove very disappointing for the broad working-class coalition that gave Mr. Trump such a resounding electoral victory.
That’s why the new Congress should immediately start putting together what some sources close to President Trump call “one big beautiful bill.” This would include tax cuts, border closures, spending cuts by the DOGE brothers, energy deregulation, and a “peace through strength” defense component.
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Let’s not waste time — like what happened in 2017. Start now with one big, beautiful fiscal reconciliation package. Do this by the middle of the year at the latest.
This will defeat Bidenflation and provide much needed, blue collar boom. It’s a riff.
This article is adapted from Larry Kudlow’s introductory commentary on the January 3, 2025 edition of “Kudlow”.
