CNBC's Larry Kudlow on the Economy and Politics

-- Good morning welcome back to the financial exchange carrier Armstrong and June night with you here. Energy and I've been follow in the easing trade numbers yeah I keep waiting for Mitt Romney to make his move on in trade in east lagging badly right now. Barack Obama -- according to in trade has a sixty point 1%. Chance of being reelected. And Mitt Romney's chance of being elected. Is 38 point 2% we make about OK so you saying the money is going. You know they had a wagering money fuels going to Obama up. Little girls -- on people think and. He's gonna -- -- -- put the money on -- and I'm pretty sure Marco Rubio is still where the money's going as a at least the vice presidential candidate so you've got to. In it's it's kind of and it's it's itching to watch 'cause like I maintain that. Despite what you read in Rasmussen despite what you read on real clear politics. I follow the money. Money he dictates behavior and at night I just think that this is a pretty actor -- -- in trade dot com if you wanna take a look it's not only this race they have other races you're gonna do. Is if you have time or five time. Let's try to find the odds on Elizabeth Warren verses Sabra -- you know it's on there I just -- -- and the tax returns you know he just releases tax returns as I was just saying in the news moments ago. Showing net quite a jump in income for him and his wife looks bright. Right so by any sold a couple books and book the book deal. That's that's got shall get on my own I don't like him I've I've -- a couple times he's fabulous now up to anonymous. Every out there at the highest city like -- -- throw I make some money. I just I'm just giving you don't shoot the messenger has given you and who's on his watch a haircut that they would what do what's the market do and and yeah. Okay the Dow's up 35 points NASDAQ up ten S&P 500 up 410 year US treasury sitting at one point 949. Slightly down not much gold is trading up five dollars fifty cents oil trading down a nickel. 210450. Right will we are now joined by the host of the Kudlow report Larry Kudlow from CNBC. You'd hear him every weekend right here on WRKO Larry welcome to the show Daria Dolan. Good get -- good point about the -- -- in Washington DC. Well I hope things are going well don't don't don't get corrupted down there are a key -- don't let don't let it rub off and as soon as you leave take a shower or cash. -- -- -- options as well you know I was that's -- wanted to talk to you about because I saw your interview earlier this week about Tim Geithner. And I wanted to ask you about it seems like the Treasury Secretary is getting -- political that strikes me being a little unusual. You know it's a good point I'm glad you picked up by it because I was very disturbed. This is not the first time but when. Geithner. Was interviewed by our own John -- He really slammed. Let operative distinguished economist distinguished Republican economist dean of the Columbia Business School repeat that harbor -- And look. In the years ahead. Spending according to the Obama budget even -- the tax hike even if you include all of it but that an upper income taxes for the rich and on investors. Spending has been around for 500 billion dollars per year I head. But read it. And so therefore across the board tax hikes may be there and that -- lab and it acts. And earlier before that Geithner has attacked Mitt Romney by -- Attacked Paul right and by name this is very campaign you know partisan political stuff. And it's very unusual. For a Treasury Secretary. To do that normally those guys you know stick the policy they're very polite. And they tend to be able to work with both sides. There's going to be a debt limit bill coming up at the end of the year and a big tax -- and Geithner has got to do business with Republican. By the way let me just say -- have a very -- personal relationship but Tim Geithner while I disagree with and I happen to light -- but I feel like he's gone over the edge. Why is he doing what what's what's his motivation. Well you have to ask and the I don't know what is motivation. I've wondered if he's not going to be around to do the negotiations because I heard a rumor last week that he's headed to Dartmouth College to be president Dartmouth. Well there was that -- he has denied that deal so I don't know I can't really speak to he denied that you -- interview. I am I think he's going to be around for the lame duck session and then I don't think he's gonna stay on. If there were a second Obama term I don't think he's -- -- but all I'm saying it. If you go back in history you'll see that treasury secretary's. They really tend not to be overtly political they're not attack dogs that they understand have to work with both sides of the and I think Tim Geithner needs to pull back that's my best that -- Tonight. Ben Bernanke was speaking this week gave you know they have the FOMC meeting. Are we going to get a QE3 -- some type of im hearing different things some camps are Sami only outwardly and QE3 sometime in July August September. Others are saying no there's there's no QE3 coming in and made that pretty clear what are your what's your impression. I think Ben picnic that pretty clear and you've got today 2.2 percent GDP which was a little light. From expectations. But it it looks like he's got an up the tree economy may be close to 2% or two and a half percent economy but I think in those circumstances. Bernanke is not gonna have a few history I think I think you made that pretty clear. And I think he's dead at his press conference that. He does not believe that. Pumping in more inflation. Just to get the unemployment rate that is a good idea of fact he called that reckless and I like that I -- that he's sort of breaking that Phillips curve trade off. Between unemployment and inflation. So I think that that is gonna stay where is. I I do however wonder whether that might renew Operation Twist you know selling short and by long term bond. This 200 billion dollars left. I think it and Barry the end of June I think that what it's still up in the air but I do not expect QE street. Are able Larry Kudlow thank you very much for time sure appreciate it rap great. Larry Kudlow CNBC joining still forget you --