Wall street has had a stellar year. While skeptics warn there could be a series of bubbles, analysts say investing in the market is a solid strategy. Although the hype may not be quite as bright for 2018, the big worry is creating personal bubbles and getting caught up in a wave of optimism. 50 of americans have less than 1,000 in their savings account. Its wise to save in case that rainy day turns into a monsoon. If we go to war with north korea it could create the uncertainty that wise away speculative and theoretical wealth. So maybe cool it on the yacht full of hookers until you have a 6month cushion. There is nothing sexier than financial security. So hopefully 2018 grows your nuts and your net worth and the on bubbles in the new year are the ones in your champagne. Lets get this party started. Im kennedy. There is no question the u. S. Economy has momentum. And what can we do to keep the economy chug. Joining me former reagan Economic Advisor and founder, art laffer. Welcome back to the show. I love that hot rock massage. It sound wonderful. Kennedy its very luxurious. Lets talk about some of these wall street numbers. And whether you expect the market to keep ticking upward. I think the market will keep ticking up. We have the tax cut coming and the Corporate Tax cut which is one of the most of powerful stimulants to the real economy. Kennedy i agree with you completely and i think its the most of important part of the tax cut package. But explain from an economists perspective to civilians like myself. How does that work and how do corporate thanks cuts translate to Economic Growth . At 35 you get to keep 65 of your revenues as profits. At 21 , you get to keep 79 . And companies always respond to that by investing more, by bringing Companies Back to the u. S. And for sheltering tax income less. They wont hire all those lawyers and accountants. And for a few people out there it means less tax evasion as well. All of these things work very, very well. Well get the revenues. Believe me when i tell you the expansion in the economy as well as lack of evasion will get the tax revenues and well have Economic Growth. You cant get it better than that. Kennedy well get it better if the government cuts spending. That would be fantastic for americans. So what can the president do . I know every president likes to take credit when wall street is going in the bullish direction. But in what other ways can the president directly affect the economy . He can do it with executive orders and changing regulations. We still have a ways to go on obamacare. There are lots of things he can do. I appointed a new fed chairman. He has a vice chairman hes going to appoint. Isis is defeated. There are lots of additional things to be done. But dont underestimate how much he has already common this economy. Kennedy what talk about regulations. I was saying to a Family Member when you cut regulations, you allow Small Businesses to grow. There have been so many regulations piled on. How does deregulating help . Its like a tax except the government doesnt collect any money from regulations. You allow people to keep more of their aftertax income. Dont for a moment think that a lot of these regulations arent good. There are a lot of them. However, there are a lot of regulations just put in there just to get in the way of the private sector not allowing them to do their jobs which is to make money and provide goods and services for the rest of us. Make money with lower taxes. Kennedy my heart is a racing with joy. Lets move on to joy boy roy, roy moore, the political gift that keeps on giving. If the failed Alabama Senate candidate and accused Child Predator filed a lawsuit to prevent the state from certifying the election results. But today the state certified the election results. He lost by 22,000 votes. But moore claims there was widespread voter fraud, despite any evidence to support it. And hes demanding a new election. And i think hillary is as well. Nine women accused roy moore of sexually harassing them when they were teenagers and he was in his 30s. Why is he refusing to concede . Let me ask my party panel. Katie pavlich is here. And one of my favorites, reason reason Magazine Editor matt welch. Welcome, everyone. So much fun. So, lisa, why did roy moore refuse to con creadt . Is there some legitimacy to his gripe or is he just nuts . I dont think this is helping his case that he knows when no means no. So many people who did support him on a National Level are saying i supported burke first. Kennedy he said there is so much fraud in alabama. People who study fraud, looked at it. Its amazing to watch the quality of the legal analysis in his brief. Part of it was i passed lie detector test. We know that has a lot to do with voting integrity. Whether you passed a lie detector test. Kennedy did they ask about voting integrity . He said out of state voters were voting. Matt roy moore is like the voting troll. This Election Fraud fantasy. Donald trump still says and its not re fewed. That 3 to 5 Million People kennedy i worked in polling places in los angeles county. And you have to go in and get a provisional ballot without a drivers license. But the county still has to vet the provisional ballots. Matt the vice chair of trumps lousy Electoral Reform commission chris kovak from kansas. He found 9 cases of fraud. Its 9 more than none. I disagree. There have been studies done by the university of maryland and harvard showing there are legitimate concerns in maryland and illegal aliens voting it, a different story than the alabama race. Kennedy wownlts be disappointed if he conceded . Katie i would. Its time to concede. He lost the race. 23,000 writein votes. Maybe they should study those and figure out why he couldnt get those votes. Kennedy because they werent for him . Its so sad. Lucky for us, gallup is out with the annual poll of the most of admired men southern women. This years wish. Former president obama. Most of admired man. Followed by donald trump, and the pope. How mad is donald trump trite now. Talk about voter fraud. That thing was rigged. As for women. Hillary clinton topped the list for the 16th straight list followed by Michelle Obama and oprah winfrey. They are good friends. Who should have penalty the top of this list. It gave me hope to see tied with hillary and obama was a person i know or im related to that it also like, like a nonfamous person. But i think there is all this pressure, hillary always smart woman and obama is a smart man and historic. People just think this is the person im supposed to admire. Kennedy my question is who is answering if the phone . Matt i think its more the person you know. If they ask house the least admired person, hillary will make number one on that list. Kennedy he tops the list. Matt requires pathetic. There are too many politicians. The people more truly heroic in this world are not the ones who figure out how to best spend our confiscated tax dollars. Kennedy its been a crazy year. For might hasnt bean threatdown. There has been so much forward and insanity. When you are able to sit back and poke fun at and analyze whats going on, its a gift that keeps giving. Do you think president obama wins by default . Katie he was given the Nobel Peace Prize before he was in office. I dont understand the discrepancy between Hillary ClintonsApproval Ratings being 3335 but she is the most of admired woman . What is the definition of admired . My choice would have been someone maybe not the most of admired. But someone i admire is chief staff john kelly because his son gave his life for the country and he spend his life dedicated for the country. I think hes able to present himself and the military in a positive way. Kennedy who is at the top 6r of your list . Mats conrad lewis. Hes an engineer from canada. His sister is blinds. He created a thing called esight. He is giving people the ability to see. Kennedy you can put anyone in. I would put Terry Stafford on here. And he has practical advice for saving your life. And hes very funny and he helps many veterans charities, being a man of action himself. Kennedy i would put john mccain. Though i disagree with him politically sometimes. His grace and dmowrnlg this battle hes fighting is brave and heroic. And its inspiring. I pad mire you, senator mccain. First up, republicans are the grand old party. The Democratic Leaders are just plain old. One former democratic president ial candidate admits its time for new blood on the left. Ill ask Richard Fowler whose blood he would like to d Liberty Mutual stood with me when this guy got a flat tire in the middle of the night. Hold on dad. Liberty did what . Yeah, Liberty Mutual 24hour roadside assistance helped him to fix his flat so he could get home safely. My dad says our insurance doesnt have that. Dont worry i know what a lug wrench is, dad. Is this a lug wrench . Maybe . You can leave worry behind when liberty stands with you™. Liberty stands with you™. Liberty mutual insurance. Wifiso if you cant live without it. T it. Why arent you using this guy . It makes your wifi awesomely fast. No. Still nope. Now were talking it gets you wifi here, here, and here. It even lets you take a time out. No no yes yes, indeed. Amazing speed, coverage and control. All with an xfi gateway. Find your awesome, and change the way you wifi. Kennedy democrats say they are optimistic about 2018 with hopes of retaking the house and senate. Take a look at their leaders, joe biden, nancy pelosi, Bernie Sanders, Hillary Clinton. They are all quite geriatric. Elizabeth warren is only 68. Today on msnbc howard dean said his party should not be hanging its future hopes on that group of geezers. I think my generation has to get the hell out of politics and start coaching and moving up this next generation. Kennedy thats howard dean who will be forever ridiculed for his insane iowan scream in 2004 is finally making sense. Let me bring in Richard Fowler. Howard dean wants to scrap the lot of septembe sept gerks neri. I think hes right the party has to become younger and focus on the issues of the day. Kennedy i think thats more important than age. If you want to replace some ripened experienced prune with fresh blood. The issue of the day is important. The first transgender woman to be elected to the statehouse. She ran on the traffic is awful. The republican who had that seat didnt do anything about that seat the 30 years he was there. And she won overwhelmingly. Kennedy if you say traffic long of any you want to change your gender and your name and pull your hair out. Thats what democrats are going to have to do. You saw that inv and the alabama race when you ran a candidate who understood the state of alabama. Kennedy dent talk about how virtuous doug jones is. They voted for him because its not an alleged child molester. Doug jones is weird. Thats not a well weather for anything. Thats not a bellwether for anything. Africanamericans turned out in Record Number in that race. More so than they did for barack obama. Kennedy maybe its because roy moore said ridiculous things about slavery and the constitution. But the larger point im making is this. Kennedy i think it has more to do with charles barkley. He spoke to the problems of the Democratic Party. We need to run candidates that understand the districts they are from and can work for their districts. We have got to understand the district, we want people to understand the district. And run on local issues. Thats republicans and democrats. I think howard dean talks about how Elizabeth Warren and joe biden and Bernie Sanders, how they are all old. But they have run out of ideas. There is nothing nancy pelosi is going to say to move the democratic agenda forward. All she do is hold out her hand and ask for more money. In that group of names there is one name. That name is joe biden. I any joe biden understands. He understands the plight of the working man. Hes from scranton, pennsylvania. Kennedy more than populist Bernie Sanders . I think joe biden is the working man. I think it was how he treated our former colleague on the view. That exchange speaks to why he would be. Good candidate. Kennedy she said the first person they called to talk about his son. You cant have it both ways. I think what you are starting to see is candidates like danica rome. And justin fairfax. But you are starting to see young candidates come out of nowhere and win these races because they understand the issues. They work hard and they are having real conversation with the voters and not depending on the democratic establishment. Kennedy you know why i think howard dean is so scared of old people in because young people who will be voting in the future hate the twoparty system. They dont care who you say they should vote for because they are a democrat. I think one of the biggest problems the Democratic Party has, we have to change how we do business. We have to make sure the old folks with all the consulting contracts not get the consulting contracts. We have to try new ideas. We have the have a new way of thinking. And if we really you want Susan Collins . Richard fowler, thanks so much. I will see richard on new years eve. It will be a good show. You should tune in. Kennedy will donald trump put an end to the nuclear deal in 2018. Next. Im a Small Business, but i have. Big dreams. And big plans. So how do i make the efforts of 8 employees. Feel like 50 . How can i share new plans virtually . How can i download an efile . Virtual tours . Zipfile . Really big files . In seconds, not minutes. Just like that. Like everything. The answer is simple. Ill do what ive always done. Dream more, dream faster, and above all. Now, ill dream gig. Now more businesses, in more places, can afford to dream gig. Comcast, building americas largest gigspeed network. [lagale force winds,s absolute chaos out here accumulations up to 8 inches. Dont know if you can hear me, but [monica] whats he doing . [lance] can we get a shot of this cold front, right here. Winter has arrived. Whooo hahaha [vo] progress is an unstoppable force. Brace yourself for the season of audi sales event. Audi will cover your first months lease payment on select models during the season of audi sales event. Imagine no possessions i wonder if you can no need for greed or hunger a brotherhood of man imagine all the people sharing all the world. You, you may say im a dreamer but im not the only one i hope some day youll join us and the world will live as one americas Small Business owners. And heres to the heroes behind the heroes, who use their expertise to keep those businesses covered. And heres to the heroes behind the heroes behind the heroes, who brought us delicious gyros. Actually, the gyro hero owns veros gyros, so he should have been with those first heroes. Ha ha thats better. So, to recap Small Business owners are heroes, and our heroes help heroes be heroes when theyre not eating gyros delivered by ah, you know what i mean. Kennedy north korea ramping up chemical weapons in addition to its Nuclear Arsenal . The north korean soldier who defected had antibodies in his system consistent with anthrax expose our. Isnt this a great way toned the year. Just you and me and the four horsemen of the apocalypse. Kennedy i hate to talk about positive, uplifting news. So why are anthrax antibodies particularly troubling when we have known north korea has had biological weapons for some time. They are probably profiting from the collapse of the soviet union. There are a lot of scientists probably look for work. He was either inoculated against them because he was guarding a germ warfare facility or he was work on it and built up antibodies. Anthrax is not as dramatic as smallpox or playing. Anthrax bacteria can go dormant and come back to life later. Kennedy that sucks. It does. How do you weaponnize it . You can create germs and various diseases. But to put them on a missile war head and have them last on reentry, thats tough. Kennedy you are saying the former soviet union had a robust biological warfare program. Do you think there could be a relation between russian scientists and what the north koreans are doing . I not on think it, i can virtually guarantee it. There was an island that was lethal, it was dangerous, and we worried about it have much. Germ warfare has a long history from catapulting playing victims over the walls of cities in the middle ages. The british army had smallpox, they were throwing blankets and gear on the side of the road, hoping americans would pick it up. It has gone on literally as long as warfare. But in the modern age there has been a generally accepted taboo. You dont use this stuff. Famine, pes, pes perk and warfa. Kennedy and you call me the duchess of doom. You are queen of the night. How is that . Let me ask you about the iran nuclear deal. The president may scrap it in 2018. Its a bad deal, but we are not the only signatory. This is the worst time share agreement in history. Kerry and obama cut a terrible deal. They wanted a deal at any cost and they got a bad bad deal. When we are take on iran, we need allies. The europeans dont want this deal and bro gate. Americas word has to be valued. If we just walk away from this deal coldly, the europeans will be very, very miffed at us. Put sanctions on iran because of their violations of the Missile Development program. Go after iran in yemen and iraq and syria, in the persian gulf. But let this faulty treaty stand. Cripple them in other ways. That report this week that President Trump helped out hezbollah when they we