BUCK: “The ultra-MAGA path.” “The Great MAGA King.” Joe Biden, apparently, thinks he’s going to stop the bleeding in the midterms for Democrats by giving his opponents cool nicknames.

President Biden: “Under my predecessor, the great MAGA king, the deficit increased every single year that he was president.” pic.twitter.com/9QcecXstW9

— The Recount (@therecount) May 12, 2022

BUCK: (laughing) We have Kennedy with us right now, Kennedy from Fox Business. She has a great show over there you should all check out every night, Kennedy — and, you know her from other places, the Outnumbered couch, et cetera. Kennedy, thanks for being with us.

KENNEDY: That will show ’em! Yeah. A nickname that his supporters love.

BUCK: I was gonna say, “Which one is better, ‘Great MAGA King’ or ‘ultra-MAGA’? Like, which one’s gonna sell more T-shirts?”

KENNEDY: Well, “ultra-MAGA” sounds like a light beer that you get if you were on keto.

BUCK: (laughing) Biden’s speech this week I gotta say, even his supporters I think are recognizing that whatever magic they were expecting this guy to pull off — whatever they thought he was gonna pull out of the hat, so to speak — it’s just not there for this administration. So where do they go from here?

KENNEDY: Unfortunately, they go to Kamala Harris, and that’s why people are up in arms because she is arguably worse. He’s very bad at defining inflation and explaining what they’re gonna do about it. Believe it or not, she is abhorrent at that. Watching her explain inflation is something I do when I’m in a bad mood, because I cackle hysterically when she asks uncomfortable questions, because she had no idea what she’s talking about.

CLAY: So, Kennedy the… First of all, thanks for coming on. The only thing I can say that is a positive right now about the economy — and in particular the stock market, as we’re about to go underneath the number that existed on January 20th of 2021 when Joe Biden took office, for both the S&P 500 and the Dow — is everyone is talking about how awful the economy is.

And sometimes when everybody agrees the economy is awful and that we’re in an awful place, that’s a great buying indicator. I’m really stretchin’ to try to think about a positive here at all. Are there any positives that you can see on Joe Biden’s economic plans or where we are for the next couple of years with him in charge or at least him or Kamala in charge?

KENNEDY: No. The only people this is good for is some of our golden Americans who are on fixed incomes that are chained to interest rates. So, they’re the only ones who really benefit when interest rates go up, because it’s going to be more expensive to pay off credit cards and get loans from mortgages and cars and things like that — and things are already expensive, so you’re really hamstringing the middle class here.

And it’s getting tougher and tougher to, A, find people to blame, and, B, try and shellac this turd. Because people out there are really, really hurting. Wall Street is not just for billionaires. People who have 401(k)s and any sort of investment tools that help them save for retirement, that stuff is being wiped out.

And if you are in your fifties or sixties and you’re looking at retirement, you’re now looking at working at least four or five more years if the economy continues to do what it’s doing. And, you know, blaming President Trump like it’s September of 2020, it’s not doing anyone any favors because all that does is give this administration an excuse to not do anything.

BUCK: Speaking to Kennedy from Fox Business where she’s got a show you should all check out, Kennedy. Good name. Clear reason for the name. Kennedy, $40 billion, speaking of what… You know, folks here dealing with all kinds of problems. And I understand the government spends a lot of money on a lot of things and people could say, “Oh, we walk and chew gum at the same time in the federal government, whatever.”

That $40 billion lot of money, $ 40 billion here, $40 billion there does start to add up after a while. That’s being sent to Ukraine. I mean, there are a number of levels on which I think this is troubling to people. One is feels like these days we don’t have money to be thrown around but also how much more involved should we get in Ukraine?

KENNEDY: Well, the more we get involved the more we want a return on our investment. So you’re spending humanitarian aid, the return on investment is people living, and we are working toward peace. If the money is going to toward arms to sort of piecemeal help Ukraine stay in a long-term conflict, that’s real the worst-case scenario. I mean, that’s awful for them. It’s not good for innocent Russian people who are now suffering under sanctions, because they can’t get rid of their tyrannical despot.

And now you’ve got the United States that is facing, you know, this record inflation, gas prices are high. You cannot blame everything or most things on Ukraine. And on top of that, like, young families can’t find baby formula! You know, it’s like they’re celebrating abortion; they’re turning a blind eye to the fact that there’s this formula shortage.

And it is a real crisis. For anyone who’s had a baby you know, like, that’s a terrifying prospect not able to feed the most vulnerable member of your family with no alternative. So I applaud the Republicans who voted against the $40 billion package, and it’s not that they don’t love Ukraine. It’s that they know there’s no accountability here and what we have is protracted war.

CLAY: Kennedy, I’ve argued — and I think Buck is in this camp, too; I bet you are as well — that the best thing Republicans can do right now is just try to run out the clock. Meaning we’re gonna have most congresspeople and senators that are up for reelection leave D.C. and go back in the summer and in the fall to campaign.

Is the best thing that could happen for the economy right now for Republicans to just prevent Joe Biden from trying to “fix” the economy and pass trillion-dollar spending bills on top of trillion-dollar spending bills, and just hope we can run out the clock and then get a Republican House and Senate to moderate the awful economic decisions being made in the White House right now?

KENNEDY: Yeah. It’s really interesting because, you know, one of Biden’s big tactics right now is to blame Trump for deficit spending. But that’s what you’re doing if you’re spending trillions of dollars on plans that you have no way of paying for — and now, you know, the bill is starting to show up, and it’s showing up in the form of inflation, which is just yet another tax on people, especially working Americans.

So I wish Washington would do less. I wish the Fed didn’t exist. I wish they would pass fewer laws. I wish they would repeal more laws. That’s one of the things I liked about the Trump administration. But doing nothing is a lot better than this fuss-budgetry and this busybody, socialistic spending, this idea that government can solve all the problems.

Naturally government creates more problems than it solves, and the bigger it gets, the bigger your problems get — and people should see that. From the pandemic, from inflation, and from everything else that is happening right now around them, those are the failures of Big Government that can — at some point, it will no longer be able to support itself, let alone the hundreds of millions of people relying on it.

BUCK: Check out Kennedy’s show Kennedy on Fox Business. Ms. Kennedy, great to have you. Come back soon.

KENNEDY: Clay, Buck, you’re both a dream come true. Thank you so much.

BUCK: Thank you.

CLAY: I’m glad somebody thinks so.

BUCK: I was gonna say, she knows what’s up. She knows the deal.