WASHINGTON – United States Senator Bill Hagerty (R-TN) joined Larry Kudlow to discuss the economic recovery, COVID relief, and China.
Partial Transcript below:
KUDLOW: “What is the single most important thing you could do to launch and maintain an economic boom which is gestating right now? What is it?”
HAGERTY ON THE ECONOMY: “Getting vaccines into people’s arms, getting kids back to school… [getting] parents back to work. That is what we need to be focused on, Larry. I’m with you on that.”
HAGERTY ON COVID RELIEF: “Think about what happened already, $4 Trillion worth of stimulus has been passed. There’s close to a trillion dollars that has not been spent yet. We’re talking about putting another $2 Trillion package in place, most of which, 95% of which I read today, won’t get spent until 2022.”
HAGERTY ON CHINA: “[The Biden crowd] needs to wake up and understand: China is not just a competitor, China is a key strategic adversary. They come at us militarily, they come at us diplomatically, they come at us economically. Whether it’s stealing our intellectual property and subsidizing their industries, which takes away American jobs, blue collar jobs. Militarily, look at what they are doing right now in the South China Sea and East China Sea. They use their ‘coast guard’ to run Chinese battleships essentially through Japanese waters to chase off their trawlers. Their aggressiveness in that part of the world is amazing. And we need to be standing up now, not standing back.”
KUDLOW: “You can see why Senator Hagerty is a big force in economic and foreign policy.”