1 00:00:00,120 --> 00:00:06,000 Speaker 1: This is a special edition of the Sean Hannity Show 2 00:00:06,320 --> 00:00:13,480 Speaker 1: America Trap Behind Enemy Lines, Day number two ninety two. 3 00:00:13,920 --> 00:00:16,360 Speaker 1: All right, our two Sean Hannity's show Told Free. It's 4 00:00:16,400 --> 00:00:18,480 Speaker 1: eight hundred and nine four one Sean. If you want 5 00:00:18,480 --> 00:00:21,040 Speaker 1: to be a part of the program. Well, Janet Yellen 6 00:00:21,280 --> 00:00:24,439 Speaker 1: is now finally acknowledging that which we knew from the 7 00:00:24,520 --> 00:00:29,160 Speaker 1: very beginning, that she was wrong about the path inflation 8 00:00:29,240 --> 00:00:31,880 Speaker 1: would take. That it's not transitory, which is what they 9 00:00:31,880 --> 00:00:33,760 Speaker 1: were telling us for months and months and months and 10 00:00:33,760 --> 00:00:37,480 Speaker 1: months and months. It's far worse than transitory, and it's 11 00:00:37,520 --> 00:00:41,240 Speaker 1: getting worse every day, just like gas prices keep setting 12 00:00:41,440 --> 00:00:45,000 Speaker 1: new records every day, just like everything you buy and 13 00:00:45,080 --> 00:00:48,320 Speaker 1: every store you go to is costing more every single 14 00:00:48,440 --> 00:00:53,199 Speaker 1: solitary day. And finally Janet Yellen has woken up to 15 00:00:53,240 --> 00:00:57,680 Speaker 1: the fact that well, because I was wrong about inflation. Listen, yes, 16 00:00:57,720 --> 00:01:02,240 Speaker 1: I have been on antis aided and lord shocks to 17 00:01:02,360 --> 00:01:07,720 Speaker 1: the economy that have boosted energy and food prices and 18 00:01:08,959 --> 00:01:14,080 Speaker 1: supply bottlenecks that have affected our economy badly that I 19 00:01:14,160 --> 00:01:18,440 Speaker 1: didn't at the time, didn't fully understand. The biggest shock, 20 00:01:18,520 --> 00:01:23,120 Speaker 1: of course, is Joe Biden abandoning energy independence, which he 21 00:01:23,200 --> 00:01:26,680 Speaker 1: inherited from Donald Trump, and America as a net exporter 22 00:01:26,760 --> 00:01:31,400 Speaker 1: of energy. But Biden is just scratching his cognitively deficient 23 00:01:31,560 --> 00:01:34,560 Speaker 1: brain every day. He's rattled by his low poll numbers, 24 00:01:34,560 --> 00:01:37,559 Speaker 1: and he's frustrated with AIDS having a walk back every 25 00:01:37,680 --> 00:01:41,360 Speaker 1: dumb thing he says. And you know what, America is 26 00:01:41,400 --> 00:01:44,600 Speaker 1: getting tired of the winer in chief. They want a 27 00:01:44,640 --> 00:01:47,800 Speaker 1: winner in chief, and they're tired of living this way. 28 00:01:47,960 --> 00:01:49,480 Speaker 1: But they have a plan. They're going to make the 29 00:01:49,520 --> 00:01:52,680 Speaker 1: month of June the month to deal with inflation. We're 30 00:01:52,720 --> 00:01:55,080 Speaker 1: going to deal with inflation. Okay, what are you going 31 00:01:55,160 --> 00:01:58,800 Speaker 1: to do? Because the answer is nothing. We know that 32 00:01:58,840 --> 00:02:01,400 Speaker 1: because Joe even said himself, well, we're not going to 33 00:02:01,440 --> 00:02:03,760 Speaker 1: be able to click a switch and lower gas and 34 00:02:03,840 --> 00:02:06,280 Speaker 1: food price. This here's what he said. There's a lot 35 00:02:06,440 --> 00:02:09,880 Speaker 1: going on right now. But the idea we're going to 36 00:02:09,919 --> 00:02:13,320 Speaker 1: be able to, you know, click a switch bring down 37 00:02:13,320 --> 00:02:17,040 Speaker 1: the cost of gasoline is not liking their term, nor 38 00:02:17,520 --> 00:02:19,760 Speaker 1: is it with regard to food. All right, anyway, joining 39 00:02:19,840 --> 00:02:23,799 Speaker 1: us now, Austin Gouldsby, professor at Chicago's Booth School of Economics, 40 00:02:23,800 --> 00:02:27,080 Speaker 1: former chairman of the Council of Economic Advisors for the 41 00:02:27,160 --> 00:02:32,480 Speaker 1: Obama administration. David Bonson, founder managing partner of the Bonson Group, 42 00:02:32,600 --> 00:02:35,639 Speaker 1: author of There's No Free Lunch, two hundred and fifty 43 00:02:35,680 --> 00:02:39,840 Speaker 1: Economic Truths, both here to discuss the economy. You know, 44 00:02:39,919 --> 00:02:46,960 Speaker 1: I'll say this, Austin, even Laurence Summers, even your former colleagues, 45 00:02:47,600 --> 00:02:51,640 Speaker 1: guys that I'm sure you're still friends with and respect, 46 00:02:52,440 --> 00:02:55,400 Speaker 1: they have been more right on the economy. Not as 47 00:02:55,480 --> 00:02:57,600 Speaker 1: right as I've been, but they've been more right on 48 00:02:57,639 --> 00:03:01,680 Speaker 1: the economy than anybody working for Joe Biden. So much 49 00:03:01,680 --> 00:03:05,200 Speaker 1: of this is rooted in Joe giving into the climate 50 00:03:05,360 --> 00:03:11,160 Speaker 1: alarmist religious cult and abandoning energy independence that has contributed 51 00:03:11,280 --> 00:03:16,000 Speaker 1: greatly to the inflation and everything in between, on top 52 00:03:16,040 --> 00:03:18,720 Speaker 1: of the stimulus money that he shouldn't have spent, which 53 00:03:18,720 --> 00:03:22,280 Speaker 1: overheated the economy. Do you agree with Laurence Summers? Do 54 00:03:22,360 --> 00:03:26,040 Speaker 1: you blame Joe Biden? And what would you do to 55 00:03:26,120 --> 00:03:30,799 Speaker 1: fix this mess that he created? Well, first of all, Sean, 56 00:03:31,680 --> 00:03:34,160 Speaker 1: thank you for having me back. I hate when you're 57 00:03:34,240 --> 00:03:36,160 Speaker 1: nice to me. I really you know what you ruined, 58 00:03:36,160 --> 00:03:39,560 Speaker 1: the whole vibe that you gave up Carbs. You got 59 00:03:39,600 --> 00:03:42,880 Speaker 1: to get off the caffeine. You got yourself worked up, 60 00:03:43,200 --> 00:03:46,840 Speaker 1: and your doctor says caffeine makes you nervous. We'll hang 61 00:03:46,880 --> 00:03:49,120 Speaker 1: on a second. Wait. You know why I'm worked up 62 00:03:49,320 --> 00:03:52,440 Speaker 1: because I've lived this way early in my adult life. 63 00:03:52,440 --> 00:03:54,600 Speaker 1: It wasn't just one or two years. There was a 64 00:03:54,600 --> 00:03:56,800 Speaker 1: lot of years of my life. I struggled to pay 65 00:03:56,840 --> 00:03:59,360 Speaker 1: my rent. Now we have two thirds of the American 66 00:03:59,440 --> 00:04:03,080 Speaker 1: people live in paycheck to paycheck. First time home and 67 00:04:03,160 --> 00:04:05,320 Speaker 1: buyers forget it, it's over. They're not going to be 68 00:04:05,360 --> 00:04:07,600 Speaker 1: able to afford the home because the higher interest rates. 69 00:04:08,560 --> 00:04:12,760 Speaker 1: Home building is coming to a screeching halt. Now we're 70 00:04:12,800 --> 00:04:16,400 Speaker 1: talking about running out of diesel and gasoline over the 71 00:04:16,400 --> 00:04:19,920 Speaker 1: summer and rolling brownouts around the country. So if I'm 72 00:04:19,960 --> 00:04:22,640 Speaker 1: pissed off or I sound pissed off, I am pissed 73 00:04:22,640 --> 00:04:26,200 Speaker 1: off because all of this was preventable austin to things. 74 00:04:26,839 --> 00:04:30,599 Speaker 1: When you look at this slowdown in housing that's coming 75 00:04:30,640 --> 00:04:34,200 Speaker 1: because you've been arguing that the Fed needs to raise 76 00:04:34,279 --> 00:04:37,840 Speaker 1: interest rates to I'm not demand. No, I have not 77 00:04:37,880 --> 00:04:41,640 Speaker 1: done that slows down. No, I've been arguing to go 78 00:04:41,720 --> 00:04:46,360 Speaker 1: back to energy independence and do that as expeditiously as possible. 79 00:04:46,520 --> 00:04:51,200 Speaker 1: The energy independence point. You recognize that oil is a 80 00:04:51,279 --> 00:04:55,280 Speaker 1: world commodity, so that the price of oil is determined 81 00:04:55,720 --> 00:05:00,320 Speaker 1: not by just what happens in the United States. It's 82 00:05:00,360 --> 00:05:04,480 Speaker 1: determined by the supply and the demand worldwide. Professor. Let 83 00:05:04,520 --> 00:05:09,200 Speaker 1: me stop you here, us you're an economics professor. Supply 84 00:05:09,279 --> 00:05:12,160 Speaker 1: and demand criss cross. Correct me, professor if I'm wrong, 85 00:05:12,600 --> 00:05:17,360 Speaker 1: and that dictates the price. When Joe Biden gave into 86 00:05:17,440 --> 00:05:23,640 Speaker 1: the radical New Green Deal climate alarmist cult and artificially 87 00:05:23,680 --> 00:05:27,520 Speaker 1: reduced the world supply of oil and gas and became 88 00:05:27,600 --> 00:05:32,000 Speaker 1: reliant once again on other countries by reducing the world supply, 89 00:05:32,440 --> 00:05:36,240 Speaker 1: even if even if demand remains constant, the price increases, 90 00:05:36,360 --> 00:05:39,320 Speaker 1: does it not, Professor, I deserve an A plus. Totally 91 00:05:39,400 --> 00:05:43,159 Speaker 1: mixed up, and it's the last time I went and 92 00:05:43,279 --> 00:05:47,800 Speaker 1: looked it up. Under Donald Trump, one third of our 93 00:05:48,120 --> 00:05:52,480 Speaker 1: consumption of oil came from imports. Even when we were 94 00:05:52,600 --> 00:05:56,920 Speaker 1: net independent, we were importing one third of what we consume. 95 00:05:57,080 --> 00:06:03,000 Speaker 1: He was not importing oil from Iran, Professor. Reduction of 96 00:06:03,200 --> 00:06:07,480 Speaker 1: oil in the United States last year was the second 97 00:06:07,680 --> 00:06:11,480 Speaker 1: highest in history, and this year is going That was 98 00:06:11,520 --> 00:06:14,920 Speaker 1: because it was under Donald Trump's policies that he killed. 99 00:06:15,200 --> 00:06:18,200 Speaker 1: Let me bring him mister Bonson, Dave your thoughts, who's 100 00:06:18,279 --> 00:06:21,760 Speaker 1: right me or the professor? Well, look, Austin is completely 101 00:06:21,800 --> 00:06:25,000 Speaker 1: wrong on this, but he knows where he's wrong. The demand, 102 00:06:25,400 --> 00:06:29,720 Speaker 1: the daily consumption has not gone up. It is the 103 00:06:29,839 --> 00:06:32,720 Speaker 1: same as it was right now in twenty nineteen to 104 00:06:32,720 --> 00:06:37,719 Speaker 1: twenty eighteen. So how are prices forty percent higher? It 105 00:06:37,920 --> 00:06:41,320 Speaker 1: is purely on the supply side. And this is the 106 00:06:41,320 --> 00:06:43,359 Speaker 1: thing that the lact is going to have to answer for. 107 00:06:44,120 --> 00:06:47,680 Speaker 1: Is their answer, because Saudi is not producing enough oil? 108 00:06:47,960 --> 00:06:50,640 Speaker 1: Is that what they want the environmentalists to hear that 109 00:06:50,720 --> 00:06:53,760 Speaker 1: we will solve for oil prices by getting more dirty 110 00:06:53,800 --> 00:06:57,359 Speaker 1: oil produced. We want more Iranian oil, more Russian oil, 111 00:06:57,440 --> 00:07:01,800 Speaker 1: more Ribbian oil. The answer to clean or fossil production 112 00:07:02,320 --> 00:07:06,240 Speaker 1: is Oklahoma in Texas. And so the things that have 113 00:07:06,320 --> 00:07:10,520 Speaker 1: happened with the e SG cultural movement, which I don't 114 00:07:10,520 --> 00:07:13,320 Speaker 1: think Biden deserves all the blame for that, Austen, I 115 00:07:13,360 --> 00:07:16,920 Speaker 1: agree those things were hurting the production side. Even when 116 00:07:16,960 --> 00:07:20,040 Speaker 1: President Trump was here, he was working to upset it. 117 00:07:20,040 --> 00:07:24,640 Speaker 1: Though they approved twenty nine different new projects, none of 118 00:07:24,680 --> 00:07:27,840 Speaker 1: which have been approved under the Biden administration. But the 119 00:07:27,840 --> 00:07:30,520 Speaker 1: fact of the matter is this is a supply side, 120 00:07:30,600 --> 00:07:34,560 Speaker 1: a problem on energy prices, and the data as clear 121 00:07:34,640 --> 00:07:38,880 Speaker 1: as could be. Prices up forty percent, demand up zero percent. 122 00:07:39,280 --> 00:07:43,120 Speaker 1: No talking about five driven in places not in the world. 123 00:07:43,720 --> 00:07:48,480 Speaker 1: Russian production of oil plunged as they've been getting boycotted, 124 00:07:49,160 --> 00:07:51,600 Speaker 1: you know. But Austen, Austen, the problem with that statement 125 00:07:51,680 --> 00:07:55,880 Speaker 1: is the president doesn't point over more this year, more 126 00:07:56,120 --> 00:07:59,960 Speaker 1: US oil production than in any year of the Trump administer. 127 00:08:00,600 --> 00:08:05,520 Speaker 1: So excuse me, excuse me that factor. It was Donald 128 00:08:05,560 --> 00:08:09,280 Speaker 1: Trump that got us to energy independence. We our capability 129 00:08:09,320 --> 00:08:11,200 Speaker 1: went through the roof. If we would have finished the 130 00:08:11,280 --> 00:08:16,200 Speaker 1: Keystone XL pipeline, that's only one little, one fraction of 131 00:08:16,240 --> 00:08:20,200 Speaker 1: the equation of the restrictions that Joe put in place. 132 00:08:20,840 --> 00:08:23,880 Speaker 1: If we did that one thing, we'd have nearly a 133 00:08:24,000 --> 00:08:26,800 Speaker 1: million barrels of oil Canadian oil a day. That was 134 00:08:26,880 --> 00:08:29,240 Speaker 1: part of it. Here's what you miss in though, Austin, 135 00:08:29,840 --> 00:08:33,560 Speaker 1: is that you know, Joe wants to I can't snap 136 00:08:33,600 --> 00:08:37,320 Speaker 1: my fingers and I can't you know, click a switch 137 00:08:37,400 --> 00:08:42,200 Speaker 1: and lower gas prices and lower inflation. He actually could 138 00:08:42,240 --> 00:08:46,520 Speaker 1: make a major, major dent in inflation if he went 139 00:08:46,559 --> 00:08:49,960 Speaker 1: back to the Trump energy policies, took off restrictions on 140 00:08:50,000 --> 00:08:53,240 Speaker 1: oil and gas companies that he put in place, finished 141 00:08:53,240 --> 00:08:57,800 Speaker 1: the Keystone XL pipeline, reopen an war, and stop putting 142 00:08:57,800 --> 00:09:00,920 Speaker 1: restrictions on these companies. Why will he do that? Why 143 00:09:00,960 --> 00:09:04,520 Speaker 1: won't he do that? That is not that does not 144 00:09:04,840 --> 00:09:08,480 Speaker 1: have much impact at all on the short run price 145 00:09:08,520 --> 00:09:11,280 Speaker 1: of oil, which is a world commodity. Okay, I'll wait 146 00:09:11,320 --> 00:09:13,040 Speaker 1: a year from now. Things he could do in the 147 00:09:13,080 --> 00:09:17,080 Speaker 1: short run. He could get rid of the stupid Trump terroriffs, 148 00:09:17,440 --> 00:09:20,160 Speaker 1: and if he did that, prices would come down. Those 149 00:09:20,440 --> 00:09:22,680 Speaker 1: so we can let China rip us off again, and 150 00:09:22,720 --> 00:09:25,080 Speaker 1: we can let Canada, Mexico rip us off again, in 151 00:09:25,160 --> 00:09:27,679 Speaker 1: Japan rip us off again, and Western Europe rip us 152 00:09:27,720 --> 00:09:30,079 Speaker 1: off again. They can, you know, it's Sean. They can. 153 00:09:30,120 --> 00:09:33,200 Speaker 1: Let me tell you something. It worked about what China 154 00:09:33,320 --> 00:09:37,000 Speaker 1: was gonna buy of US products and they didn't do it. 155 00:09:37,240 --> 00:09:41,880 Speaker 1: They but we made a fortune in the terroiffs. It 156 00:09:42,000 --> 00:09:43,840 Speaker 1: was a com we didn't make it. You know what. 157 00:09:44,080 --> 00:09:47,320 Speaker 1: It was paid by the middle class. John, We're sitting 158 00:09:47,360 --> 00:09:49,600 Speaker 1: here arguing, and I'm telling you right now on the 159 00:09:49,600 --> 00:09:56,080 Speaker 1: middle class. Ever you we are watching every single solitary American. 160 00:09:56,200 --> 00:09:58,840 Speaker 1: Now I know Democrats, David, they're gonna make this election. 161 00:09:58,880 --> 00:10:03,160 Speaker 1: They're gonna try about overturning Roe v. Wade. Abortion Americans 162 00:10:03,160 --> 00:10:06,319 Speaker 1: will figure out before November will still be legal in America. 163 00:10:06,440 --> 00:10:08,400 Speaker 1: So that's not going to work. Then they're going to 164 00:10:08,480 --> 00:10:11,199 Speaker 1: try and take our nine millimeters and take away our guns. 165 00:10:11,559 --> 00:10:14,440 Speaker 1: That's only going to piss off sixty five of the country. 166 00:10:14,559 --> 00:10:16,559 Speaker 1: That's not going to work for them. They can't run 167 00:10:16,600 --> 00:10:19,079 Speaker 1: on the border, they can't run in the economy. They 168 00:10:19,120 --> 00:10:22,640 Speaker 1: can't run on energy prices, they can't run on Afghanistan. 169 00:10:22,760 --> 00:10:24,959 Speaker 1: They can't run on foreign policy. They can't run on 170 00:10:25,000 --> 00:10:26,920 Speaker 1: the war in Europe, and how they screwed that up. 171 00:10:27,240 --> 00:10:29,679 Speaker 1: I mean, there's not a single success that we can 172 00:10:29,760 --> 00:10:34,239 Speaker 1: point to that this cognitively deficient, weak and frail president 173 00:10:34,760 --> 00:10:38,360 Speaker 1: can say, oh, that's a win for America. Well, I 174 00:10:38,440 --> 00:10:40,640 Speaker 1: suppose what they would have to do then is run 175 00:10:40,720 --> 00:10:44,440 Speaker 1: on the cultural agenda of how much they've done for 176 00:10:44,679 --> 00:10:50,000 Speaker 1: radical transgenderism and confused moral good luck with that well, 177 00:10:50,360 --> 00:10:53,240 Speaker 1: and as ethical science. But the economic part is the 178 00:10:53,320 --> 00:10:57,800 Speaker 1: issue that generally drives elections. And this is what's fascinating 179 00:10:58,240 --> 00:11:02,200 Speaker 1: is where Austen came from, which Jason Furman and Larry Summers. 180 00:11:02,240 --> 00:11:06,360 Speaker 1: They are Biden's biggest critics, the neo KINGSI and crew 181 00:11:06,480 --> 00:11:10,120 Speaker 1: are the ones most critical of Biden. I'm critical of 182 00:11:10,160 --> 00:11:13,800 Speaker 1: him as a supply sider, their critical of him as Kingsians. 183 00:11:14,000 --> 00:11:15,920 Speaker 1: I don't know. That's a great question. I have room 184 00:11:15,960 --> 00:11:18,719 Speaker 1: to defend this Biden agenda. All right, quick break, We'll 185 00:11:18,720 --> 00:11:21,600 Speaker 1: come back more with Austin Guldsman, Dave Bonson and your 186 00:11:21,600 --> 00:11:23,800 Speaker 1: calls coming up. Eight hundred and nine four one sean. 187 00:11:24,040 --> 00:11:26,600 Speaker 1: As we roll along, all right, we continue the bad 188 00:11:26,640 --> 00:11:30,120 Speaker 1: economy getting worse. David Bonson is with us, founder managing 189 00:11:30,160 --> 00:11:33,599 Speaker 1: partner of the Bonson Group and Austin Goulsby. He's a 190 00:11:33,760 --> 00:11:38,480 Speaker 1: professor professor at Chicago's Booth School of Economics and former 191 00:11:38,559 --> 00:11:43,240 Speaker 1: chairman of the Council of Economic Advisors of the Obama administration. 192 00:11:43,600 --> 00:11:46,040 Speaker 1: So I want to hear you criticize your buddy Lauren Summers. 193 00:11:46,040 --> 00:11:48,520 Speaker 1: Are you going to criticize him or will you acknowledge, 194 00:11:48,559 --> 00:11:52,080 Speaker 1: as David and I acknowledge as supply siders, that in 195 00:11:52,160 --> 00:11:55,680 Speaker 1: fact Lauren Summers has been dead on accurate. You guys 196 00:11:55,720 --> 00:12:00,520 Speaker 1: should be a little more careful slash circumspect saying that 197 00:12:00,600 --> 00:12:03,560 Speaker 1: you agree with everything. Larry Summers said, not everything. But 198 00:12:03,600 --> 00:12:06,280 Speaker 1: he's been right about inflation. He's been right about the economy. 199 00:12:06,800 --> 00:12:11,000 Speaker 1: He's saying he disagreed with the tail end of the 200 00:12:11,040 --> 00:12:15,080 Speaker 1: Trump administration and the beginning of the Biden administration on 201 00:12:15,120 --> 00:12:19,600 Speaker 1: the stimulus, but he agreed. He said early on that 202 00:12:19,679 --> 00:12:24,160 Speaker 1: this inflation is not transitory, and he's predicting worse times 203 00:12:24,160 --> 00:12:27,480 Speaker 1: to come. He's been saying for the last month that 204 00:12:27,640 --> 00:12:31,480 Speaker 1: he thinks the Biden administration is absolutely doing it correct 205 00:12:31,760 --> 00:12:35,040 Speaker 1: and is praising the Fed for their action. So be 206 00:12:35,120 --> 00:12:40,600 Speaker 1: a little careful with saying that you're only want to interpret. Okay, listen, 207 00:12:40,800 --> 00:12:43,040 Speaker 1: and before a year ago, maybe you hang out with 208 00:12:43,080 --> 00:12:44,880 Speaker 1: only old people. But I know a lot of young 209 00:12:44,920 --> 00:12:46,760 Speaker 1: people and they're not going to be able to buy 210 00:12:46,800 --> 00:12:50,079 Speaker 1: their first home because of the increase in interest rates. 211 00:12:50,440 --> 00:12:52,160 Speaker 1: And I happen to be friends with a lot of 212 00:12:52,160 --> 00:12:54,680 Speaker 1: contractors and builders, and David, I think you'll back me 213 00:12:54,760 --> 00:12:57,400 Speaker 1: up on this. When interest rates go up, home building 214 00:12:57,480 --> 00:13:00,400 Speaker 1: is going to come to a screeching halt. That means 215 00:13:00,520 --> 00:13:02,840 Speaker 1: a lot more Americans are going to be out of jobs. 216 00:13:03,040 --> 00:13:05,920 Speaker 1: And the prediction today when you read pretty much every 217 00:13:06,440 --> 00:13:10,800 Speaker 1: economic news source is that jobs are about to start 218 00:13:10,840 --> 00:13:15,280 Speaker 1: declining precipitously. Yeah. I do think that jobs are very 219 00:13:15,360 --> 00:13:17,800 Speaker 1: vulnerable right now. But I want to say this about 220 00:13:17,840 --> 00:13:21,360 Speaker 1: the housing Sean. I don't believe the housing market should 221 00:13:21,440 --> 00:13:25,240 Speaker 1: be promoted or artificially held up by low interest rates. 222 00:13:25,760 --> 00:13:28,520 Speaker 1: And so I think Austin just got away with a 223 00:13:28,559 --> 00:13:31,320 Speaker 1: really interesting bait and switch. He said. Larry Summers has 224 00:13:31,320 --> 00:13:34,560 Speaker 1: been defending Biden. He came out and said he supports 225 00:13:34,559 --> 00:13:36,880 Speaker 1: with the FETE is doing. But of course the FETE 226 00:13:36,960 --> 00:13:40,160 Speaker 1: is independent of Biden and Treasury. Last time I checked. 227 00:13:40,559 --> 00:13:45,559 Speaker 1: Having to raise interest rates because of excessive accommodative monetary 228 00:13:45,640 --> 00:13:49,160 Speaker 1: policy has nothing to do with the Biden administration. What 229 00:13:49,280 --> 00:13:52,560 Speaker 1: the FETE is doing is now having to exacerbate a 230 00:13:52,679 --> 00:13:55,720 Speaker 1: boom and bus cycle. And as Sean said, that's going 231 00:13:55,760 --> 00:13:58,760 Speaker 1: to hurt young people. And they hurt him first because 232 00:13:58,800 --> 00:14:01,720 Speaker 1: housing prices have gotten too hot, and now it's going 233 00:14:01,760 --> 00:14:03,680 Speaker 1: to hurt them because there's going to be less supply 234 00:14:03,840 --> 00:14:06,960 Speaker 1: coming on the market. Housing paces need to correct. I'm 235 00:14:07,000 --> 00:14:10,880 Speaker 1: for market for suits, but Dave, it's even worse than that, 236 00:14:11,160 --> 00:14:15,120 Speaker 1: because it's if you look at Bloomberg, their estimates anywhere 237 00:14:15,120 --> 00:14:19,880 Speaker 1: between fifty two hundred to six thousand dollars extra because 238 00:14:19,920 --> 00:14:24,480 Speaker 1: of Biden inflation annually per household. If you drive a car, 239 00:14:24,520 --> 00:14:27,040 Speaker 1: you're gonna pay two thousand dollars more this year for 240 00:14:27,120 --> 00:14:29,440 Speaker 1: gas and you paid for last year. You know what. 241 00:14:29,560 --> 00:14:33,360 Speaker 1: It's killing the poor, it's killing the medal class. It's 242 00:14:33,400 --> 00:14:36,800 Speaker 1: even a third of people that make over two hundred 243 00:14:36,800 --> 00:14:39,640 Speaker 1: and fifty thousand dollars a year living paycheck to paycheck, 244 00:14:39,720 --> 00:14:43,040 Speaker 1: not that anyone cares about them. And then you add 245 00:14:43,080 --> 00:14:46,000 Speaker 1: to that people on fixed incomes, they're really screwed. David, 246 00:14:46,080 --> 00:14:50,800 Speaker 1: last word, Yeah, that's exactly right. Inflation is a regressive tax. 247 00:14:51,160 --> 00:14:53,960 Speaker 1: The way to solve this inflation. The fet can set 248 00:14:54,000 --> 00:14:56,440 Speaker 1: interest rates at eight percent tomorrow. It's not going to 249 00:14:56,560 --> 00:15:01,160 Speaker 1: solve this. You need supply side resolution, more oil production, 250 00:15:01,520 --> 00:15:05,040 Speaker 1: more incentives to produce in the economy. We've seen this 251 00:15:05,160 --> 00:15:09,160 Speaker 1: movie before, Sean. Uh Now, Austin, if you don't follow 252 00:15:09,200 --> 00:15:11,680 Speaker 1: my advice, I'll pay for dinner anytime I see you. 253 00:15:12,200 --> 00:15:19,160 Speaker 1: And during the Biden inflationary probably soon to be recessionary period, okay, okay, 254 00:15:20,600 --> 00:15:23,520 Speaker 1: from the last bet, Oh good grief, Oh good grief, 255 00:15:23,920 --> 00:15:26,120 Speaker 1: I already paid for one dinner and you bought the 256 00:15:26,120 --> 00:15:29,400 Speaker 1: most expensive wine on the menu. Just for the record, 257 00:15:28,720 --> 00:15:32,440 Speaker 1: it was I bet it was good, all right, Thank 258 00:15:32,480 --> 00:15:35,440 Speaker 1: you both for being with us. It's sad people are 259 00:15:35,440 --> 00:15:38,280 Speaker 1: suffering out there. And you know what Pidon's problem is. 260 00:15:38,600 --> 00:15:40,920 Speaker 1: Every time you go to a store, you're reminded of it. 261 00:15:41,000 --> 00:15:43,320 Speaker 1: Every time you fill up your tank, you're reminded of it. 262 00:15:43,760 --> 00:15:46,840 Speaker 1: All their little tricks to try and convince you, oh 263 00:15:46,640 --> 00:15:50,040 Speaker 1: well we should talk about guns and abortion. Not gonna 264 00:15:50,040 --> 00:15:53,320 Speaker 1: work anyway. One way you can save money. We all 265 00:15:53,360 --> 00:15:56,000 Speaker 1: have cell phones. Many of you have not joined the 266 00:15:56,040 --> 00:15:59,760 Speaker 1: stampede and made the switch to Pure Talk. You need 267 00:15:59,800 --> 00:16:02,400 Speaker 1: to join the hundreds of thousands of us that have. 268 00:16:03,080 --> 00:16:06,600 Speaker 1: You get the exact same cell towers, the exact same 269 00:16:06,640 --> 00:16:10,880 Speaker 1: five gene network. Average family saves over nine hundred dollars 270 00:16:10,920 --> 00:16:14,440 Speaker 1: a year. Many save much more than that. You don't 271 00:16:14,440 --> 00:16:18,480 Speaker 1: compromise a thing. It's the exact same coverage, towers network 272 00:16:18,800 --> 00:16:22,240 Speaker 1: as the big companies, and you have more options as well. 273 00:16:22,720 --> 00:16:25,200 Speaker 1: Right now with pure Talk you get unlimited talk and 274 00:16:25,360 --> 00:16:28,040 Speaker 1: text and six gigs at data. It's only thirty bucks 275 00:16:28,080 --> 00:16:30,080 Speaker 1: a month and it's simple to do. You We can 276 00:16:30,120 --> 00:16:32,880 Speaker 1: be switched over. Literally in less than ten minutes. You 277 00:16:33,000 --> 00:16:37,320 Speaker 1: dial pound two fifty, say the keyword save now, pound 278 00:16:37,320 --> 00:16:41,400 Speaker 1: two fifty keywords save now the same exact service half 279 00:16:41,440 --> 00:17:00,560 Speaker 1: off from pure talk, holding them accountable. Sean gets the 280 00:17:00,640 --> 00:17:05,960 Speaker 1: answers no one else does. America desserts and know the 281 00:17:06,119 --> 00:17:10,480 Speaker 1: truth about Congress. All right, twenty five now till the 282 00:17:10,480 --> 00:17:12,680 Speaker 1: top of the hour, eight hundred and nine to one, Sean, 283 00:17:12,960 --> 00:17:14,560 Speaker 1: if you want to be a part of the program, 284 00:17:15,200 --> 00:17:20,160 Speaker 1: very interesting. Push now behind the scenes. But the Biden 285 00:17:20,200 --> 00:17:24,240 Speaker 1: administration they want to cancel student loan debt. Now, this 286 00:17:24,400 --> 00:17:27,280 Speaker 1: is kind of personal for me because all the years 287 00:17:27,280 --> 00:17:29,080 Speaker 1: that I ended up going to college and went to 288 00:17:29,119 --> 00:17:32,720 Speaker 1: three separate places, didn't finish my degree. I love when 289 00:17:32,760 --> 00:17:35,320 Speaker 1: they write Sean Hannity drop out. I'm like, yeah, I 290 00:17:35,400 --> 00:17:37,200 Speaker 1: dropped out because I didn't have any money. I did 291 00:17:37,240 --> 00:17:40,320 Speaker 1: have one student loan. I got it from Jamaica's Savings Bank, 292 00:17:40,480 --> 00:17:42,360 Speaker 1: and but ten years it doesn't sound like a lot 293 00:17:42,400 --> 00:17:44,800 Speaker 1: in today's dollars, but it was hard because I didn't 294 00:17:44,840 --> 00:17:47,119 Speaker 1: I was living paycheck to paycheck and every month I 295 00:17:47,119 --> 00:17:50,359 Speaker 1: had to write a checkout to Jamaica's Savings Bank for 296 00:17:50,560 --> 00:17:53,640 Speaker 1: fifty eight dollars and five cents. Paid it off. Took 297 00:17:53,680 --> 00:17:55,879 Speaker 1: me ten years to pay it off. Paid every penny, 298 00:17:55,920 --> 00:17:58,520 Speaker 1: paid back my debt. You borrow money, you pay it 299 00:17:58,560 --> 00:18:02,280 Speaker 1: back now. My parents to their much to their chagrin. 300 00:18:02,600 --> 00:18:05,040 Speaker 1: My parents, I knew, didn't have the money to send 301 00:18:05,119 --> 00:18:07,160 Speaker 1: me to college. They they didn't have it. I'm I'm 302 00:18:07,160 --> 00:18:10,480 Speaker 1: a prison guard, work sixteen hour shifts, and my dad 303 00:18:10,600 --> 00:18:13,640 Speaker 1: was a waiter and a Family Corps officer. And they 304 00:18:13,680 --> 00:18:17,720 Speaker 1: did send four kids to Catholic schools for twelve years, 305 00:18:17,800 --> 00:18:20,640 Speaker 1: and that for them was a stretch. I don't remember 306 00:18:20,760 --> 00:18:24,080 Speaker 1: ever in my growing up years, not till later in 307 00:18:24,119 --> 00:18:27,119 Speaker 1: their life them ever getting a new car. And I 308 00:18:27,160 --> 00:18:31,040 Speaker 1: even remember this crappy Toyota Corolla that they had, and 309 00:18:31,080 --> 00:18:33,760 Speaker 1: it was not the best car in the world, but 310 00:18:33,800 --> 00:18:36,160 Speaker 1: that's what they that's what they drove for a while anyway. 311 00:18:36,240 --> 00:18:39,080 Speaker 1: So for me, so I decided they off the said, well, no, no, no, 312 00:18:39,119 --> 00:18:41,040 Speaker 1: we'll find a way, we'll take loans, we'll do I'm 313 00:18:41,040 --> 00:18:43,520 Speaker 1: like no, I'm saying I'm going to work. And of 314 00:18:43,520 --> 00:18:47,440 Speaker 1: course I was incorrigible. They had no sway at all whatsoever. 315 00:18:47,720 --> 00:18:49,480 Speaker 1: I think God is getting me back now because my 316 00:18:49,560 --> 00:18:52,000 Speaker 1: kids don't always listen to me. It's sort of payback, 317 00:18:52,119 --> 00:18:54,240 Speaker 1: It's karma. That's why I always try to be nice 318 00:18:54,280 --> 00:18:58,360 Speaker 1: to people, because I'm hoping I don't get more payback 319 00:18:58,400 --> 00:19:01,240 Speaker 1: in life. But in all seriousness, I would never ever 320 00:19:01,560 --> 00:19:04,960 Speaker 1: want somebody else's money taken by my government to pay 321 00:19:05,000 --> 00:19:07,880 Speaker 1: for my school. And that's what this is about. Empowering 322 00:19:07,920 --> 00:19:10,480 Speaker 1: your government to take money from one group of people. 323 00:19:11,119 --> 00:19:13,320 Speaker 1: And I don't know people that were born with silver 324 00:19:13,400 --> 00:19:16,199 Speaker 1: spoons in their mouths. I don't know those people. Have 325 00:19:16,240 --> 00:19:18,240 Speaker 1: I met a few, Yes, I've met a few of 326 00:19:18,280 --> 00:19:20,280 Speaker 1: my life, so I know them and my friends with them. No, 327 00:19:20,440 --> 00:19:22,720 Speaker 1: that's not my circle of fronts. But people that I 328 00:19:22,840 --> 00:19:27,000 Speaker 1: do know that worked really, really hard and achieved an 329 00:19:27,040 --> 00:19:31,240 Speaker 1: awful lot, including financial success. The only way that I've 330 00:19:31,280 --> 00:19:35,440 Speaker 1: ever witnessed them accumulating that success is by killing themselves 331 00:19:35,480 --> 00:19:39,719 Speaker 1: in the workforce and being just committed to working. I 332 00:19:39,800 --> 00:19:42,119 Speaker 1: don't know people that work eight hours a day. I 333 00:19:42,200 --> 00:19:45,439 Speaker 1: don't know them. Everybody on my radio team, everybody on 334 00:19:45,520 --> 00:19:48,560 Speaker 1: my television team. You better put in a minimum of 335 00:19:48,720 --> 00:19:52,159 Speaker 1: twelve thirteen hours a day or you're not going to 336 00:19:52,240 --> 00:19:54,879 Speaker 1: cut it in my world, because that's not how I 337 00:19:55,040 --> 00:19:57,879 Speaker 1: roll and everybody, Linda, you can put on your microphone. 338 00:19:57,960 --> 00:19:59,800 Speaker 1: At what hours of the day and night do you 339 00:20:00,000 --> 00:20:03,640 Speaker 1: a group texts? I send out news stories, this news story, 340 00:20:03,680 --> 00:20:05,840 Speaker 1: this new story. How many what hours of the day 341 00:20:05,840 --> 00:20:07,880 Speaker 1: did they usually come fly in it? I don't think 342 00:20:07,880 --> 00:20:10,000 Speaker 1: there's an hour they're not flying in, right you are? 343 00:20:10,440 --> 00:20:13,000 Speaker 1: You're a text stalker? Stalker text or is there such 344 00:20:13,000 --> 00:20:14,879 Speaker 1: a thing? Oh? By the way, they often come in 345 00:20:14,960 --> 00:20:20,359 Speaker 1: like in rapid succession too. So you should play Linda's 346 00:20:20,400 --> 00:20:22,919 Speaker 1: text sound for your text mess Oh you have the 347 00:20:22,920 --> 00:20:24,879 Speaker 1: text sound if you if you text me right now, 348 00:20:24,880 --> 00:20:27,000 Speaker 1: I could play it on the air. It's a special 349 00:20:27,040 --> 00:20:31,159 Speaker 1: sound just for you, so that when you text I 350 00:20:31,240 --> 00:20:34,320 Speaker 1: know it's you, and even Liam knows it's the boss. 351 00:20:34,440 --> 00:20:38,040 Speaker 1: Is text sound? Anthony is like, oh god, that's it. 352 00:20:38,440 --> 00:20:47,160 Speaker 1: Here you go, a very special sound that can wake 353 00:20:47,200 --> 00:20:50,400 Speaker 1: you up at three in the morning. Well, there are 354 00:20:50,520 --> 00:20:53,320 Speaker 1: times that you know, there are a little crises that 355 00:20:53,400 --> 00:20:56,240 Speaker 1: have come up here and there a minute, let me 356 00:20:56,280 --> 00:20:59,920 Speaker 1: do that again, right here we go? No, no, no, 357 00:21:00,000 --> 00:21:01,560 Speaker 1: at it on mute. You had to tell me those 358 00:21:01,600 --> 00:21:04,640 Speaker 1: people mute their phones at a radiohead. There you go. 359 00:21:06,840 --> 00:21:10,240 Speaker 1: It's like it's like starts so if you're asleep at 360 00:21:10,280 --> 00:21:12,960 Speaker 1: four am, and I'm known to text a lot of stuff. 361 00:21:13,440 --> 00:21:17,199 Speaker 1: The worse is when you text multiple articles. Blare and 362 00:21:17,240 --> 00:21:19,639 Speaker 1: I were working and obviously we're trying to, you know, 363 00:21:19,720 --> 00:21:22,400 Speaker 1: do a million things here and uh, we're sitting there 364 00:21:22,400 --> 00:21:25,960 Speaker 1: and my phones. I'm and he's like, what the hell 365 00:21:26,080 --> 00:21:28,800 Speaker 1: is that? I said, Oh, that's a that's Sean. It's 366 00:21:28,800 --> 00:21:32,280 Speaker 1: a special ring to Sean's trying to contact. He wants 367 00:21:32,280 --> 00:21:38,040 Speaker 1: to talk. Sean has some story ideas. But and look, 368 00:21:38,080 --> 00:21:40,800 Speaker 1: I admit that I but I do treat my staff 369 00:21:40,840 --> 00:21:43,600 Speaker 1: wall Oh, listen, you're a great boss. And I think, um, 370 00:21:43,600 --> 00:21:46,280 Speaker 1: you know, as somebody who I mean, I Blair and 371 00:21:46,320 --> 00:21:49,240 Speaker 1: I did our NBA's together. I did both of all 372 00:21:49,280 --> 00:21:52,199 Speaker 1: my degrees. Prior every degree I have, I've done at night, 373 00:21:52,320 --> 00:21:54,880 Speaker 1: part time in night school, just like you. I put 374 00:21:54,920 --> 00:21:58,080 Speaker 1: myself through college, you know, UM put myself through masters 375 00:21:58,080 --> 00:22:00,439 Speaker 1: in NBA programs when on the week ends and at 376 00:22:00,520 --> 00:22:03,359 Speaker 1: night while working full time while pregnant, you know. And 377 00:22:03,400 --> 00:22:05,199 Speaker 1: I think that, you know, I went to school with 378 00:22:05,240 --> 00:22:08,040 Speaker 1: a bunch of working people, you know who everybody right, 379 00:22:08,080 --> 00:22:10,520 Speaker 1: But there's a difference between going to school at night 380 00:22:10,560 --> 00:22:12,199 Speaker 1: and going to school during the day. There's a lot 381 00:22:12,240 --> 00:22:14,080 Speaker 1: of people who go to school during the day and 382 00:22:14,080 --> 00:22:17,959 Speaker 1: they're in fraternities and they enjoy college. I didn't enjoy college. 383 00:22:18,000 --> 00:22:19,959 Speaker 1: I worked and then I went to college at night 384 00:22:20,000 --> 00:22:22,040 Speaker 1: to get a degree. The years that I did go 385 00:22:22,080 --> 00:22:24,400 Speaker 1: to college, and I was paying every penny of it myself. 386 00:22:24,920 --> 00:22:27,959 Speaker 1: At one point, NYU, which is not a cheap school, Well, 387 00:22:28,080 --> 00:22:30,760 Speaker 1: why would you ever go to that? I don't indoctrinating. 388 00:22:31,400 --> 00:22:34,199 Speaker 1: I got great grades. I mean I even made my 389 00:22:34,280 --> 00:22:37,280 Speaker 1: first year in college, made all Dean's List, and you know, 390 00:22:37,440 --> 00:22:39,240 Speaker 1: had good grades. But I was, well, there was the 391 00:22:39,280 --> 00:22:42,440 Speaker 1: time that liberals liked you. I never had exactly exactly, 392 00:22:43,000 --> 00:22:46,240 Speaker 1: but I never had the college experience. Right now, I 393 00:22:46,320 --> 00:22:49,480 Speaker 1: talked to all of my friends, and every single one 394 00:22:49,520 --> 00:22:52,760 Speaker 1: of them without exception. You know, those that had the 395 00:22:52,800 --> 00:22:56,600 Speaker 1: college experience, it's like they lived through those years. They're 396 00:22:56,600 --> 00:22:59,280 Speaker 1: twenty years older and they're still talking about the stupid 397 00:22:59,320 --> 00:23:02,120 Speaker 1: college fraternity and going back to football games and all 398 00:23:02,119 --> 00:23:04,440 Speaker 1: this stuff. I didn't have that life. By the way, 399 00:23:04,520 --> 00:23:06,760 Speaker 1: I don't feel like I missed out on anything. And 400 00:23:06,960 --> 00:23:10,320 Speaker 1: the problem that happened for me is I started making money, 401 00:23:10,800 --> 00:23:13,480 Speaker 1: and once I started making money, I started saying, Okay, 402 00:23:13,480 --> 00:23:17,199 Speaker 1: I'm gonna work harder, and it drove me whether in 403 00:23:17,280 --> 00:23:19,760 Speaker 1: the beginning it was in restaurants than it was ten 404 00:23:19,840 --> 00:23:23,200 Speaker 1: years as a contractor. Those early years were really rough. 405 00:23:24,640 --> 00:23:27,199 Speaker 1: But the idea that we're going to take money anyway, 406 00:23:27,240 --> 00:23:29,440 Speaker 1: so we'll wait to speak to that point. What we're 407 00:23:29,440 --> 00:23:32,840 Speaker 1: taking away is any accountability or responsibility. So you go 408 00:23:32,880 --> 00:23:35,280 Speaker 1: into college, you don't have to pay for anything you 409 00:23:35,400 --> 00:23:36,800 Speaker 1: thought you might have had to pay it back, but 410 00:23:36,840 --> 00:23:38,320 Speaker 1: you're going to have a lot of time to do it. 411 00:23:38,480 --> 00:23:40,199 Speaker 1: Oh and by the way, the money you borrowed, now, 412 00:23:40,200 --> 00:23:41,880 Speaker 1: we're not going to make you pay it back. I mean, 413 00:23:41,920 --> 00:23:44,800 Speaker 1: we're creating a society of dependency on the government, which 414 00:23:44,840 --> 00:23:47,000 Speaker 1: is exactly what they want. This is what they want 415 00:23:47,040 --> 00:23:49,320 Speaker 1: because that gives them the power. Socialism what did I 416 00:23:49,359 --> 00:23:53,320 Speaker 1: write and live for? Or Doby Well? Socialism is always 417 00:23:53,320 --> 00:23:56,000 Speaker 1: a failure. But think about it, every single name, every 418 00:23:56,040 --> 00:24:03,680 Speaker 1: manifestation communism, socialism, redistributions always becomes authoritarianism. It always makes 419 00:24:03,720 --> 00:24:06,960 Speaker 1: promises that will never be fulfilled. People end up poor 420 00:24:07,119 --> 00:24:10,040 Speaker 1: in the process, and it takes away all initiative and 421 00:24:10,240 --> 00:24:12,760 Speaker 1: ingenuity because they're taking from one group of people given 422 00:24:12,800 --> 00:24:15,480 Speaker 1: to another group of people. Also, they can keep their 423 00:24:15,520 --> 00:24:18,080 Speaker 1: power because they've got the dependency if you need the 424 00:24:18,160 --> 00:24:22,680 Speaker 1: government for food and education and a job, guaranteed job 425 00:24:22,720 --> 00:24:26,880 Speaker 1: and guaranteed healthy food, and guaranteed healthcare and guaranteed guaranteed. 426 00:24:26,920 --> 00:24:29,639 Speaker 1: How did the Obamacare thing work out? Keep your doctor, 427 00:24:29,720 --> 00:24:32,800 Speaker 1: keep your plans, save money. Well, millions lost their doctors, 428 00:24:33,000 --> 00:24:35,359 Speaker 1: millions lost their plans, and we're all paying about two 429 00:24:35,440 --> 00:24:38,080 Speaker 1: hundred and fifty percent more than we were before. So 430 00:24:38,119 --> 00:24:40,800 Speaker 1: that didn't work out well. And about nearly fifty percent 431 00:24:40,840 --> 00:24:46,159 Speaker 1: of the country has one Obamacare option that's it provider option. 432 00:24:46,480 --> 00:24:48,680 Speaker 1: So it's not exactly what they told us it was 433 00:24:48,680 --> 00:24:52,360 Speaker 1: going to be, but that's socialism, false promises. Now, this 434 00:24:52,400 --> 00:24:55,040 Speaker 1: guy that works on Shark Tank, I've watched Shark Tank. 435 00:24:56,119 --> 00:24:58,879 Speaker 1: I don't know why. Still I still like Mark Cuban. 436 00:24:59,119 --> 00:25:00,920 Speaker 1: He comes on the TV show once in a while. 437 00:25:00,960 --> 00:25:02,439 Speaker 1: We've had the money. I mean, you don't have to 438 00:25:02,680 --> 00:25:05,000 Speaker 1: you don't have to agree with it like somebody. I mean, 439 00:25:05,040 --> 00:25:06,639 Speaker 1: you know, but I kind of like them. He's got 440 00:25:06,680 --> 00:25:08,840 Speaker 1: a lot of personality. He's got a lot of personality, 441 00:25:09,680 --> 00:25:12,600 Speaker 1: and they're really smart business people on that show. They 442 00:25:12,680 --> 00:25:15,440 Speaker 1: got this one guy, his name is Kevin O'Leary, and 443 00:25:15,480 --> 00:25:18,960 Speaker 1: he dealt with this and he went off. Now before 444 00:25:19,000 --> 00:25:22,240 Speaker 1: we play it, what is the reaction, Ben, because you 445 00:25:22,440 --> 00:25:25,280 Speaker 1: told me it's been fierce. Well, the funny part of 446 00:25:25,320 --> 00:25:27,520 Speaker 1: it is is and this is this is just what 447 00:25:27,600 --> 00:25:29,680 Speaker 1: I'm reading online and on socials. This is the story 448 00:25:29,800 --> 00:25:32,359 Speaker 1: is taking over. But so there's two sides of the story. 449 00:25:32,440 --> 00:25:35,119 Speaker 1: There's the people that have paid back their student loans 450 00:25:35,119 --> 00:25:38,320 Speaker 1: and will not have any sort of money given back 451 00:25:38,359 --> 00:25:40,159 Speaker 1: to them ever, because they've already paid back their student 452 00:25:40,200 --> 00:25:43,160 Speaker 1: loan and they're paying their taxes and their capitalists now 453 00:25:43,200 --> 00:25:45,280 Speaker 1: because they're making money. And then there's another side of 454 00:25:45,280 --> 00:25:47,800 Speaker 1: the coin, which were all the students and the students 455 00:25:47,840 --> 00:25:49,399 Speaker 1: who have never worked and they're just getting out of 456 00:25:49,440 --> 00:25:51,120 Speaker 1: college and all they have no debt and they're all 457 00:25:51,160 --> 00:25:54,680 Speaker 1: for it. So the argument is fierce on both sides. Obviously, 458 00:25:54,840 --> 00:25:56,040 Speaker 1: you know, you and I are on the side with 459 00:25:56,119 --> 00:25:59,159 Speaker 1: Kevin O'Leary that this just creates complete nonsense and dependency. 460 00:25:59,240 --> 00:26:01,240 Speaker 1: But you know, the funniest thing my son gets in 461 00:26:01,280 --> 00:26:04,600 Speaker 1: the real world, and I said, okay, as of June, 462 00:26:04,640 --> 00:26:07,480 Speaker 1: you're on your own, because he already was making money 463 00:26:07,720 --> 00:26:10,480 Speaker 1: and I said, all right, no more Uber, no more 464 00:26:10,560 --> 00:26:13,480 Speaker 1: Uber eats. Dad. You always said to me, I can 465 00:26:13,640 --> 00:26:15,760 Speaker 1: use Uber as much as I want, of course, because 466 00:26:15,800 --> 00:26:17,960 Speaker 1: I don't want you driving, especially if you go out 467 00:26:18,000 --> 00:26:20,440 Speaker 1: your friends you have a couple of drinks that ain't happening. 468 00:26:21,040 --> 00:26:24,040 Speaker 1: And the other thing is he's he was young, an athlete. 469 00:26:24,080 --> 00:26:25,680 Speaker 1: He can eat whatever he wants. I'm not going to 470 00:26:25,800 --> 00:26:28,040 Speaker 1: deny my son food. If he wants to order food 471 00:26:28,040 --> 00:26:30,440 Speaker 1: at three in the morning, what do I care. That's 472 00:26:30,480 --> 00:26:33,359 Speaker 1: my job as a parent. I provide for that, okay. 473 00:26:33,400 --> 00:26:37,760 Speaker 1: And then he could he couldn't understand, and I said, well, 474 00:26:37,880 --> 00:26:40,360 Speaker 1: you still can have all the Uber each you want. 475 00:26:40,440 --> 00:26:43,160 Speaker 1: You could have as much. You can use Uber as 476 00:26:43,160 --> 00:26:45,679 Speaker 1: often as you want, except now you pay for it. 477 00:26:46,040 --> 00:26:48,840 Speaker 1: You're making your own money. I said, but but Dad, 478 00:26:48,880 --> 00:26:50,880 Speaker 1: that's not fair. And I said, oh no, that's fair. 479 00:26:51,000 --> 00:26:54,240 Speaker 1: Oh yeah, I already did my job. Oh yeah, let's 480 00:26:54,280 --> 00:26:57,600 Speaker 1: play this. And this really has sparked a huge controversy. Kevin, 481 00:26:57,640 --> 00:27:01,600 Speaker 1: what do you think about the plan for student loan forgiveness? Becky, 482 00:27:01,680 --> 00:27:04,399 Speaker 1: I'm trying to find merit in this proposed policy, and 483 00:27:04,480 --> 00:27:08,560 Speaker 1: I can't. This is policy born in hell and I'll 484 00:27:08,560 --> 00:27:12,159 Speaker 1: tell you why nobody wins. What do you say to 485 00:27:12,200 --> 00:27:16,000 Speaker 1: people for generations now that I've realized, like everybody does, 486 00:27:16,040 --> 00:27:20,399 Speaker 1: that education is not a right, it's a privilege. You 487 00:27:20,520 --> 00:27:22,879 Speaker 1: make a decision as a young adult to pursue an 488 00:27:22,960 --> 00:27:26,680 Speaker 1: education for a wide range of reasons, including advancing yourself 489 00:27:26,680 --> 00:27:29,080 Speaker 1: and your career and your salary, etc. And that's proven 490 00:27:29,119 --> 00:27:33,000 Speaker 1: to work. But you take on responsibilities, including student debt. 491 00:27:33,040 --> 00:27:36,720 Speaker 1: So what do you tell people generations past that have 492 00:27:36,840 --> 00:27:40,159 Speaker 1: actually paid back their debt. How about the people that 493 00:27:40,200 --> 00:27:43,720 Speaker 1: are working so hard to get scholarships to excel? What 494 00:27:43,800 --> 00:27:46,879 Speaker 1: do you tell them, don't bother it's free? How about 495 00:27:46,920 --> 00:27:49,600 Speaker 1: the people that never had the opportunity to go to college? 496 00:27:49,600 --> 00:27:52,919 Speaker 1: About twelve percent of the population has student debt, the 497 00:27:53,040 --> 00:27:57,239 Speaker 1: other eighty eight percent have to pay for them. And 498 00:27:57,280 --> 00:27:59,639 Speaker 1: then think about the politics of this, And this is 499 00:27:59,640 --> 00:28:03,119 Speaker 1: what I find so extraordinary. Average salary in America fifty 500 00:28:03,160 --> 00:28:06,960 Speaker 1: eight thousand dollars depending on regions. You're telling these people 501 00:28:07,359 --> 00:28:09,879 Speaker 1: this is a big problem. Meanwhile, you can't fill up 502 00:28:09,920 --> 00:28:13,639 Speaker 1: your car. Chicken costs forty eight percent more. And this 503 00:28:13,720 --> 00:28:15,680 Speaker 1: is at the top of the agenda for the president. 504 00:28:15,920 --> 00:28:19,280 Speaker 1: Can you imagine This is manna from heaven for the 505 00:28:19,320 --> 00:28:23,760 Speaker 1: Republican Party in all these tight races coming into the midterms. 506 00:28:23,840 --> 00:28:26,160 Speaker 1: This is going to be the issue that they get 507 00:28:26,200 --> 00:28:30,520 Speaker 1: to campaign on. Why would you do this? This is 508 00:28:30,560 --> 00:28:34,080 Speaker 1: a really, really bad idea and brings into question And 509 00:28:34,080 --> 00:28:35,880 Speaker 1: I'll ask my good friend John, then maybe he can 510 00:28:35,920 --> 00:28:41,000 Speaker 1: help us. Who is advising Biden? Who are his closest advisors? 511 00:28:41,280 --> 00:28:45,480 Speaker 1: What planet are they on? It's not the planet that's great, 512 00:28:46,200 --> 00:28:50,880 Speaker 1: But you know, I don't understand a mindset. Now, should 513 00:28:50,880 --> 00:28:53,560 Speaker 1: we take care of those that are really sick and 514 00:28:53,800 --> 00:28:59,240 Speaker 1: indigence and our homeless veterans and people with mental disabilities? 515 00:28:59,400 --> 00:29:02,120 Speaker 1: The people really need help. I believe in being a 516 00:29:02,160 --> 00:29:06,400 Speaker 1: compassionate country, and we already are those services are available. 517 00:29:06,440 --> 00:29:08,160 Speaker 1: Now we don't take as good care of vets as 518 00:29:08,160 --> 00:29:10,440 Speaker 1: we should. But putting that aside, with all the money 519 00:29:10,480 --> 00:29:14,880 Speaker 1: that we waste and all the fraud abuse, wasted money, 520 00:29:14,960 --> 00:29:18,920 Speaker 1: if we reallocated it and ran government more like a business, 521 00:29:19,200 --> 00:29:21,240 Speaker 1: guess what, we get a lot more bang out of 522 00:29:21,280 --> 00:29:23,959 Speaker 1: every single buck. Quick break right back, we'll continue our 523 00:29:23,960 --> 00:29:27,880 Speaker 1: discussion at the top of the hour. We're going to 524 00:29:27,920 --> 00:29:31,560 Speaker 1: get into the issue. Can we protect schools with armed, 525 00:29:31,760 --> 00:29:36,200 Speaker 1: well obviously undercover armed form of a military, retired military 526 00:29:36,320 --> 00:29:39,600 Speaker 1: retired police. We'll get into that with an expert at 527 00:29:39,600 --> 00:29:41,360 Speaker 1: the top of the next hour. More your calls coming 528 00:29:41,400 --> 00:29:43,479 Speaker 1: up eight hundred nine for one, Shawn our number if 529 00:29:43,480 --> 00:29:47,720 Speaker 1: you want to be a part of the program. The 530 00:29:47,840 --> 00:29:51,040 Speaker 1: Final hour roundup is next. You do not want to 531 00:29:51,080 --> 00:29:54,080 Speaker 1: miss it, and stay tuned for the final hour free 532 00:29:54,120 --> 00:29:56,560 Speaker 1: for all on the Sean Hannity Show.