Fox Business host and Trump economic advisor, Larry Kudlow, joins me now. This is just a jaw dropping revelation. Maybe you know this before I did, Larry, but this whole Biden comeback is a is a mirage. It's a migrant comeback. Well, look, Jesse, first of all, thank you for having me on your show. And I agree with much of what you said in your opening. I think it's a great opening. It is true. No question. It's true that foreign born workers have exceeded native born workers. And that is a troubling, a troubling development. I myself love immigrants, Jesse, as long as they're legal immigrants, legal immigrants, not illegal immigrants. And I think Trump is right. The trouble here is Biden's illegal immigration wave has caused tremendous wave of crime all over the country. It's also causing a tremendous wave of bankruptcies to these sanctuary cities that think they're welcoming immigration, illegal immigrants, but they have to pay out huge amounts of money now on welfare related housing, transportation, whatever. And the other point you made that I think is important. We don't know enough about it yet, but it's important because we've had a wave of illegal immigrant jobs. OK, you're talking about relatively low wage jobs, but they are affecting the whole labor force. And I think you can say that they're bringing wages down overall and specifically in certain regions of the country. So this is not a good thing. Look, the Achilles heel, the soft underbelly of the Biden economy is an affordability crisis. OK, real wages, real wages, OK, wages adjusted for inflation. Inflation has gone up almost 20 percent in the last three and a half years or so. Wages have not kept pace. And so people can't afford the Biden economy. That's all there is to it.
Transcribed automatically. Expect errors in names and numbers.
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“BIDENOMICS IS A MIGRANT JOB FAIR”
Video transcript 2:19
Fox Business host and Trump economic advisor, Larry Kudlow, joins me now. This is just a jaw dropping revelation. Maybe you know this before I did, Larry, but this whole Biden comeback is a is a mirage. It's a migrant comeback. Well, look, Jesse, first of all, thank you for having me on your show. And I agree with much of what you said in your opening. I think it's a great opening. It is true. No question. It's true that foreign born workers have exceeded native born workers. And that is a troubling, a troubling development. I myself love immigrants, Jesse, as long as they're legal immigrants, legal immigrants, not illegal immigrants. And I think Trump is right. The trouble here is Biden's illegal immigration wave has caused tremendous wave of crime all over the country. It's also causing a tremendous wave of bankruptcies to these sanctuary cities that think they're welcoming immigration, illegal immigrants, but they have to pay out huge amounts of money now on welfare related housing, transportation, whatever. And the other point you made that I think is important. We don't know enough about it yet, but it's important because we've had a wave of illegal immigrant jobs. OK, you're talking about relatively low wage jobs, but they are affecting the whole labor force. And I think you can say that they're bringing wages down overall and specifically in certain regions of the country. So this is not a good thing. Look, the Achilles heel, the soft underbelly of the Biden economy is an affordability crisis. OK, real wages, real wages, OK, wages adjusted for inflation. Inflation has gone up almost 20 percent in the last three and a half years or so. Wages have not kept pace. And so people can't afford the Biden economy. That's all there is to it.
Transcribed automatically. Expect errors in names and numbers.