WEBVTT - Biden 2024: Cuz He's Not That Senile Yet

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<v Speaker 1>You're listening to the Buck Sexton Joe podcast, make sure

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<v Speaker 1>you subscribe to the podcast on the iHeart Radio app

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<v Speaker 1>or wherever you get your podcasts. Team. Welcome to the

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<v Speaker 1>Freedom Hut, the Thursday, September twenty ninth edition of the program.

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<v Speaker 1>We have the initial after damage assessment here from the

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<v Speaker 1>hurricane that has hit Florida. It has continuing to make

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<v Speaker 1>its way now up to the southeastern coastal a portion

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<v Speaker 1>of the United States, heading for Georgia and South Carolina.

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<v Speaker 1>I'll tell you about the latest what we know about

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<v Speaker 1>this very devastating storm, plus Joe Biden trying to clean

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<v Speaker 1>up after a messy press conference yesterday for him politically

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<v Speaker 1>where he asked for a deceased congresswoman as if she

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<v Speaker 1>was in the room. People are wondering is he really

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<v Speaker 1>going to be able to run for a second term.

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<v Speaker 1>I'll give you my assessment of that and how Kamala

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<v Speaker 1>Harris very much plays into all of this, and then

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<v Speaker 1>the midterm election some critical races, including here in New

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<v Speaker 1>York the governor's race. We'll discuss that coming up here

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<v Speaker 1>I'm wearing the slippers right now. So here is Governor

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<v Speaker 1>de Santist just laying out for everybody. What has happened

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<v Speaker 1>here in Florida. He described it as a five hundred

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<v Speaker 1>years flood event. I mean something of biblical proportions. Listen

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<v Speaker 1>right now, if you look in central Florida, you're looking

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<v Speaker 1>at potential major flooding and Orange and Seminole Counties, Saint

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<v Speaker 1>John's River all the way up potentially into northeast Florida

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<v Speaker 1>and Jacksonville. The amount of water that's been rising and

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<v Speaker 1>will likely continue to rise today even as the storm

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<v Speaker 1>is passing, is basically a five hundred year flood of that.

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<v Speaker 1>But people should just understand this. This storm is having

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<v Speaker 1>broad impacts across the state, and some of the flooding

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<v Speaker 1>you're going to see in areas hundreds of miles from

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<v Speaker 1>where this made landfall are going to set records. So

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<v Speaker 1>this is as devastating as we were told it would be. Now.

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<v Speaker 1>The preparations were were widespread and very involve thousands and

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<v Speaker 1>thousands of National Guard linemen for power lines, airlift capability.

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<v Speaker 1>They lined all this up in advance. But when you

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<v Speaker 1>have something of this nature, something that is this devastating

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<v Speaker 1>in its destructive force, both a wall of water similar

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<v Speaker 1>to a tsunami, and also winds, sustained winds that are

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<v Speaker 1>like a tornado. At that speed, you're going to have devastation,

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<v Speaker 1>and that is unfortunately what the state of Florida is

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<v Speaker 1>going through right now. DeSantis spoke later on in the

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<v Speaker 1>later on the afternoon today about the efforts to get

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<v Speaker 1>power back online, people to safety for anybody who is

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<v Speaker 1>still and there are many people who are still in

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<v Speaker 1>dangerous flooded areas. A lot of buildings completely destroyed. This

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<v Speaker 1>is a horrific hurricane. This is really just shy of

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<v Speaker 1>I think they'll eventually decide that this was a Level

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<v Speaker 1>five when it hit right in the Fort Myers area

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<v Speaker 1>of southwest Florida. Of the islands here, the Island Chain

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<v Speaker 1>Barrier Islands that are just outside of Fort Myers a

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<v Speaker 1>Santa bell Captiva, they were essentially washed. All structures seem

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<v Speaker 1>to have been largely washed away and including bridge, the

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<v Speaker 1>bridge that that's there to get to them. So there's

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<v Speaker 1>going to be access problems for some of these areas,

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<v Speaker 1>for even four emergency personnel to be able to get

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<v Speaker 1>to them. This is a terrible situation for the state

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<v Speaker 1>of Florida. There are very substantial resources though, that are

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<v Speaker 1>being deployed right now to get Florida back on its feet,

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<v Speaker 1>save lives first, and for us get Florida back on

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<v Speaker 1>its feet as quickly as possible. So we will continue

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<v Speaker 1>to be watching this to see where they're where the

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<v Speaker 1>relief efforts are able to have the most immediate impact.

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<v Speaker 1>See if there are any parts. I mean, I know

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<v Speaker 1>Orlando in that area is dealing with tremendous flooding right

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<v Speaker 1>now too. This is a reminder of everybody one of

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<v Speaker 1>just how Mother Nature is. It can be very cruel.

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<v Speaker 1>And even the state of Florida, which is the place

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<v Speaker 1>most prepared in general for hurricanes, has a population that

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<v Speaker 1>knows that they hit, knows they can hit with with

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<v Speaker 1>real ferocity. The destructive force of this hurricane is something

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<v Speaker 1>that's almost impossible to fully prepare. Really is impossible to

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<v Speaker 1>fully prepare for. So there's going to be continued efforts

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<v Speaker 1>here to make sure that there's an absolute mitigation of

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<v Speaker 1>loss of life, get people back their power, and then

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<v Speaker 1>their rebuilding process. Says the insurance claims process. This is

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<v Speaker 1>going to be something that goes on for a long time.

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<v Speaker 1>It's a moment where you realize how much political leadership

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<v Speaker 1>does matter. Governor of santists, this is early on He

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<v Speaker 1>is very organized. They were very prepared for this, and

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<v Speaker 1>you know that because of the timeline. Even before it

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<v Speaker 1>was clear Florida was going to get hit at all,

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<v Speaker 1>they started preparing based on the meteorologists and storm chaser

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<v Speaker 1>storm trackers who believe that this was going to be

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<v Speaker 1>possibly a major hurricane for Florida. So de Santists has

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<v Speaker 1>been very good at communication and about the preparations. I

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<v Speaker 1>spoke to someone from the founder of the Cajun Navy

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<v Speaker 1>earlier today. They're getting out there trying to save people,

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<v Speaker 1>also getting food and resources to everybody. It's an all

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<v Speaker 1>hands on deck situation in the state of Florida. It

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<v Speaker 1>should be taken with the utmost seriousness by all of

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<v Speaker 1>our leadership and by those in media on those who

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<v Speaker 1>are trying to get the word out about what's going on,

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<v Speaker 1>trying to raise money for donations for relief efforts. There are,

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<v Speaker 1>of course Democrats who find this as an opportunity to

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<v Speaker 1>immediately score political points. MSNBC, for example, had Joy Read

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<v Speaker 1>go on air to talk about immediately what are the

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<v Speaker 1>things this is about? Climate Desantist is evil, they will say,

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<v Speaker 1>even though so far he's done everything that anybody could

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<v Speaker 1>ever asked the governor of Florida to do. There's no

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<v Speaker 1>reason to believe he has not done everything in preparation

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<v Speaker 1>for this that he could that he could do. Also,

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<v Speaker 1>it's about climate change and even talking about migrants. Here's

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<v Speaker 1>Joy Sorry, Joy Behar weighed owned this put that aside.

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<v Speaker 1>We also have Joy read at MSNBC weighing in on

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<v Speaker 1>this play thirteen. There is a lot that has changed

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<v Speaker 1>about the Earth that has made these things worse. Right,

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<v Speaker 1>I mean, these things are thriving because the water is

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<v Speaker 1>getting warmer, and I think when people we stopped calling

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<v Speaker 1>it global warming for political reason, and that's what it is. Right.

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<v Speaker 1>Our earth is getting warmer, and there is just no doubt,

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<v Speaker 1>I think left that it is feeding these beasts. Where

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<v Speaker 1>it comes out as in the intensity of the people say, well,

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<v Speaker 1>they've been hurricanes for millennium. Well that's true, but we

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<v Speaker 1>sometimes get these ones that are so much more damaging

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<v Speaker 1>and so much more intense. And it's good that we

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<v Speaker 1>talk about these things in the moment because lots of

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<v Speaker 1>times over the years when I brought it up, people

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<v Speaker 1>have said, oh, now's not the time to talk about

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<v Speaker 1>Now's the time to talk about it. Because the only

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<v Speaker 1>time people are paying attention to how damaging these things are.

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<v Speaker 1>He's just straight up admitting that this is a moment

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<v Speaker 1>to leverage a political narrative, this moment of devastation for Florida,

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<v Speaker 1>and everything they're saying is just not true. It's just

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<v Speaker 1>not true that there are more damaging hurricanes now than

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<v Speaker 1>there ever were in the past. In fact, the last

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<v Speaker 1>time that the category five that hit I believe it

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<v Speaker 1>was over Labor Day in the nineteen thirties hit Florida.

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<v Speaker 1>I mean, you go back and you see that the

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<v Speaker 1>past twenty years there have been less serious hurricanes hitting

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<v Speaker 1>Florida than the twenty years. I think it's actually thirty

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<v Speaker 1>years and thirty years if you break it up. So

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<v Speaker 1>it's just not true what they're saying about all the

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<v Speaker 1>storms are more damaging because of climate change. And anyone

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<v Speaker 1>who's honest says, you can't say that a one degree

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<v Speaker 1>rise celsius and global temperature results in a much more

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<v Speaker 1>damaging storm. This is crazy. I mean, this is a

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<v Speaker 1>this is absurd, and yet they say it. But at

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<v Speaker 1>least they're focused on in this sound bite, they're focused

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<v Speaker 1>on climate change, specifically, Governor Desantists another. They're going to

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<v Speaker 1>throw everything that Cana de Santists, even if by the

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<v Speaker 1>numbers and an honest assessment, De Santists handles us. And

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<v Speaker 1>we don't know yet right this is still underway. We

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<v Speaker 1>can't know about it. We can say that there's been

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<v Speaker 1>a lot of preparation. We can say that so far

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<v Speaker 1>it seems to be very well handled. I have as

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<v Speaker 1>much confidence in Governor Desantists in this situation as honestly

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<v Speaker 1>any politician in the country. I think he's the best,

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<v Speaker 1>is what I'm saying. I think if you if I

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<v Speaker 1>had to pick one person from American political life right

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<v Speaker 1>now to be in charge of the relief effort and

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<v Speaker 1>the rebuilding effort in Florida, it would be RHN de Santis. Now,

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<v Speaker 1>we'll see how this plays out in the weeks ahead.

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<v Speaker 1>I believe though that that is going to that my

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<v Speaker 1>assessment will be bolstered by events. And I'm hopeful because

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<v Speaker 1>that would mean that that they're doing a good job

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<v Speaker 1>and that people are okay and their homes rebuilt. Joy

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<v Speaker 1>behar over at the view the dumbest political talk show

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<v Speaker 1>in existence. She just wants you to you know, she's

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<v Speaker 1>connecting Descantists climate denier bad, hurricane bad descantists, she's crazy.

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<v Speaker 1>This is the quote from Governor DeSantis about climate change. Quote,

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<v Speaker 1>I am not in the cues of the church of

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<v Speaker 1>the global warming leftists. This is what he thinks about

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<v Speaker 1>climate change. And now his shade is getting hit with

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<v Speaker 1>one of the worst hurricanes. It's connecting those two things.

0:11:12.377 --> 0:11:15.097
<v Speaker 1>They're just shameless, but it's there's a shamelessness and also

0:11:15.217 --> 0:11:17.777
<v Speaker 1>just an obvious stupidity. And when you're talking about the View,

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<v Speaker 1>those two things collide like meteors in outer space. Shamelessness

0:11:22.377 --> 0:11:27.697
<v Speaker 1>and unbelievable aggressive stupidity. That's what you have over at

0:11:27.697 --> 0:11:32.337
<v Speaker 1>the View. And we have more on the Biden cleanup

0:11:32.337 --> 0:11:36.177
<v Speaker 1>effort after yesterday's asking for the deceased member of Congress

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<v Speaker 1>in the room and how this factors into perceptions over

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<v Speaker 1>whether Biden can actually run for president a second for

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<v Speaker 1>a second term. We'll get to that in a moment.

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<v Speaker 1>what they're doing. So just to remind everybody this was

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<v Speaker 1>a flashbacked. Yesterday Biden asked for a deceased member of Congress,

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<v Speaker 1>Jackie Willorski, who died at his tragic died in a

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<v Speaker 1>car accident in August. And then later on the same day,

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<v Speaker 1>the White House Press Secretary Karine Jean Pierre says, well,

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<v Speaker 1>she was top of mind for Biden. Play that club.

0:13:17.537 --> 0:13:19.817
<v Speaker 1>What happened in the Hunter event today, the President appeared

0:13:19.817 --> 0:13:22.177
<v Speaker 1>to look around the room for an audience member, a

0:13:22.217 --> 0:13:24.497
<v Speaker 1>member of Congress who passed away last month. He seemed

0:13:24.497 --> 0:13:26.137
<v Speaker 1>to indicate she might be in the room. So the

0:13:26.137 --> 0:13:29.097
<v Speaker 1>President was, as you all know, you guys were watching

0:13:29.417 --> 0:13:33.257
<v Speaker 1>today's event, a very important event on food and security.

0:13:33.297 --> 0:13:36.857
<v Speaker 1>The President was naming the congressional champions on this issue

0:13:37.097 --> 0:13:41.137
<v Speaker 1>and was acknowledging her incredible work he had. He had

0:13:41.177 --> 0:13:45.777
<v Speaker 1>already planned to welcome the congresswoman's family to the White

0:13:45.777 --> 0:13:48.617
<v Speaker 1>House on Friday. There will be a bill signing in

0:13:48.697 --> 0:13:52.457
<v Speaker 1>her honor this coming Friday. So of course she was

0:13:52.577 --> 0:13:54.817
<v Speaker 1>on his mind. She was of top of mind. Okay,

0:13:54.897 --> 0:13:57.297
<v Speaker 1>So she says, there, Karen Jean Pierre, White House Press secretor,

0:13:57.377 --> 0:14:00.217
<v Speaker 1>she was top of mind. If she's top of mind.

0:14:00.257 --> 0:14:03.497
<v Speaker 1>How could he not remember that she died? Now we

0:14:03.537 --> 0:14:06.497
<v Speaker 1>all know the answer that question is, Joe Biden is

0:14:07.297 --> 0:14:10.977
<v Speaker 1>not mentally all there. He did. You're a rating and

0:14:11.057 --> 0:14:14.857
<v Speaker 1>this happens, and there's no part of me that feels

0:14:14.857 --> 0:14:19.857
<v Speaker 1>good about having this discussion because we're all going there

0:14:19.857 --> 0:14:21.377
<v Speaker 1>in one way or another. I mean, if we're lucky

0:14:21.457 --> 0:14:23.297
<v Speaker 1>enough to get older, if we're not lucky enough to

0:14:23.377 --> 0:14:26.577
<v Speaker 1>see eighty, which is what Joe Biden, that's how all

0:14:26.617 --> 0:14:29.257
<v Speaker 1>Joe Biden curtly is. We're going to start to get

0:14:29.257 --> 0:14:31.577
<v Speaker 1>things get fog here, your energy level goes down. This

0:14:31.697 --> 0:14:34.097
<v Speaker 1>is just reality of aging, right, the same way that

0:14:34.097 --> 0:14:37.057
<v Speaker 1>people get gray hair, people start to have cognitive decline

0:14:37.057 --> 0:14:41.137
<v Speaker 1>as they get older. Joe Biden, Look, if he were

0:14:41.177 --> 0:14:43.097
<v Speaker 1>just writing his memoirs spending time with the grandkids, this

0:14:43.137 --> 0:14:45.417
<v Speaker 1>wouldn't be an issue. He's the President of the United

0:14:45.457 --> 0:14:48.057
<v Speaker 1>States though, so of course it's an issue. And that's

0:14:48.057 --> 0:14:51.137
<v Speaker 1>why Karen Jean Pierre is willing to really insult the

0:14:51.217 --> 0:14:54.417
<v Speaker 1>intelligence of the White House Press corps there and tell

0:14:54.497 --> 0:14:57.337
<v Speaker 1>them all, oh, well, you know, she was top of mind,

0:14:57.377 --> 0:14:59.537
<v Speaker 1>so that's what Wait what but if she stopped of mind,

0:15:00.497 --> 0:15:02.817
<v Speaker 1>that doesn't make any sense, doesn't make any sense. But

0:15:02.857 --> 0:15:06.577
<v Speaker 1>she doesn't care anything other than an admission, anything other

0:15:06.617 --> 0:15:11.057
<v Speaker 1>than an admission that he is he's too old and

0:15:11.097 --> 0:15:15.737
<v Speaker 1>basically he's insinility. Because at that point they're they're gonna run.

0:15:15.777 --> 0:15:18.417
<v Speaker 1>Think about what the next the next presidential campaign for

0:15:18.417 --> 0:15:21.417
<v Speaker 1>Biden looks like, vote for Biden. He's not that scenile

0:15:21.537 --> 0:15:27.297
<v Speaker 1>yet that seems to be what the Democrats slogan is

0:15:27.377 --> 0:15:31.137
<v Speaker 1>going to be. And the reason though that I believe

0:15:31.497 --> 0:15:34.497
<v Speaker 1>that this will come up and why I still think

0:15:34.777 --> 0:15:36.817
<v Speaker 1>they are planning to run Joe Biden again. I know

0:15:36.897 --> 0:15:39.457
<v Speaker 1>people say that's I think they don't care. I think

0:15:39.457 --> 0:15:41.657
<v Speaker 1>they're just gonna They're gonna say, yep, it's gonna be Biden.

0:15:42.137 --> 0:15:44.177
<v Speaker 1>Is because if they had a vice president who was

0:15:44.217 --> 0:15:48.257
<v Speaker 1>a viable presidential contender who got more than one percent

0:15:48.377 --> 0:15:53.897
<v Speaker 1>of the Democrat vote. Mind you, Democrats didn't want Kamala Harris.

0:15:54.097 --> 0:15:57.017
<v Speaker 1>Here's here, she is just something, you know, given a

0:15:57.017 --> 0:16:00.377
<v Speaker 1>speech somewhere and one's really paying attention. But notice she's

0:16:00.377 --> 0:16:04.777
<v Speaker 1>off at the at the DMZ in North Korea. And

0:16:05.017 --> 0:16:08.057
<v Speaker 1>I'm sorry, I just I just pulled the Kamala in

0:16:08.177 --> 0:16:11.697
<v Speaker 1>South Korea and she confuses. But see I caught it.

0:16:11.737 --> 0:16:14.857
<v Speaker 1>Confuses North and South Korea just keeps going. So the

0:16:14.937 --> 0:16:19.497
<v Speaker 1>United States Shair is a very important relationship, which is

0:16:19.537 --> 0:16:24.017
<v Speaker 1>an alliance, but the Republic of North Korea, and it

0:16:24.137 --> 0:16:28.337
<v Speaker 1>is an alliance that is strong and enduring alliance with

0:16:28.537 --> 0:16:32.097
<v Speaker 1>North Korea. North Koreas are great friends. Man, North Korea

0:16:32.177 --> 0:16:35.977
<v Speaker 1>is awesome. You know. You know, North Korea gave us

0:16:36.017 --> 0:16:39.697
<v Speaker 1>that amazing song Gangham style some years ago. I remember

0:16:39.737 --> 0:16:45.177
<v Speaker 1>North Korea. Oh you mean South Korea? Remember Gangham style

0:16:45.177 --> 0:16:47.137
<v Speaker 1>that was very catchy. Well, it was at one point,

0:16:47.137 --> 0:16:49.697
<v Speaker 1>I think the most watch YouTube, you know, the most

0:16:49.697 --> 0:16:52.497
<v Speaker 1>watch YouTube video in history for a while. And yeah,

0:16:52.497 --> 0:16:55.857
<v Speaker 1>he was sort of doing the sort of the shimmy.

0:16:55.937 --> 0:16:58.297
<v Speaker 1>I can't do the dance very well, but Gangham style

0:16:58.377 --> 0:17:01.977
<v Speaker 1>was very catchy. But that was from South Korea, the

0:17:01.977 --> 0:17:07.177
<v Speaker 1>democratic and capitalistic exemplar to the world of what happens

0:17:07.177 --> 0:17:12.857
<v Speaker 1>when you have those principles of a capitalist democracy or

0:17:13.537 --> 0:17:18.017
<v Speaker 1>representative government, instead of North Korea, which is a old

0:17:18.097 --> 0:17:22.897
<v Speaker 1>school Stalinist dictatorship. So but notice she said it and

0:17:22.937 --> 0:17:26.337
<v Speaker 1>didn't even catch it, because you know, Kamala, what does

0:17:26.377 --> 0:17:28.697
<v Speaker 1>she really know about the rest of the world very little.

0:17:29.297 --> 0:17:31.337
<v Speaker 1>If they thought they could make her president, they would

0:17:31.337 --> 0:17:34.217
<v Speaker 1>push Joe Biden aside. And maybe this will change, Maybe

0:17:34.257 --> 0:17:36.657
<v Speaker 1>there'll be a whole surge all of a sudden, will

0:17:36.657 --> 0:17:39.297
<v Speaker 1>be even more vanity fair covers. Kamala is amazing, the

0:17:39.377 --> 0:17:43.057
<v Speaker 1>most brilliant, perfect, wonderful person in history. I don't think

0:17:43.057 --> 0:17:45.017
<v Speaker 1>that they I don't think they think they could pull

0:17:45.057 --> 0:17:48.777
<v Speaker 1>it off, though. And then you have the obvious Gavin

0:17:48.857 --> 0:17:52.897
<v Speaker 1>Newsom stepping in running against Kamala. You're going to have

0:17:52.937 --> 0:17:59.857
<v Speaker 1>the first female minority vice president pushed aside in her

0:17:59.857 --> 0:18:06.497
<v Speaker 1>own party by some smarmy white guy from California, Gavin Newsom. Really,

0:18:07.217 --> 0:18:10.257
<v Speaker 1>Democrats are gonna allow that to have. I mean maybe,

0:18:10.377 --> 0:18:13.977
<v Speaker 1>but wow, that's going to be quite a moment in politics.

0:18:13.977 --> 0:18:18.337
<v Speaker 1>They are shameless, though, so it's really hard to get

0:18:18.377 --> 0:18:21.137
<v Speaker 1>ahead of Democrats on these things and know where they're

0:18:21.137 --> 0:18:25.777
<v Speaker 1>going to go because the shamelessness is extreme. So let's

0:18:25.777 --> 0:18:29.097
<v Speaker 1>do whatever, whatever works, whatever point in time, that will

0:18:29.177 --> 0:18:35.737
<v Speaker 1>be the plan. And then one thing here on the economy.

0:18:37.377 --> 0:18:40.577
<v Speaker 1>Stanley Drunken Miller is a big hedge fund guy, a

0:18:40.617 --> 0:18:43.697
<v Speaker 1>big deal in the hedge fund world, and he's out

0:18:43.697 --> 0:18:47.057
<v Speaker 1>there telling everybody, Look, we're going to have a recession

0:18:47.097 --> 0:18:49.897
<v Speaker 1>in twenty three or I'm going to be completely be fuddled.

0:18:50.057 --> 0:18:53.457
<v Speaker 1>I will be stunned if we don't have a recession

0:18:53.617 --> 0:18:56.817
<v Speaker 1>in twenty three. Don't know the timing, but certainly by

0:18:56.817 --> 0:18:59.737
<v Speaker 1>the end of twenty three, I will not be surprised

0:19:00.297 --> 0:19:03.817
<v Speaker 1>if it's not larger than the so called average garden variety.

0:19:04.337 --> 0:19:07.617
<v Speaker 1>And I don't rule out not my forecast, but I

0:19:07.617 --> 0:19:11.497
<v Speaker 1>don't rule out something really bad. Why because if you

0:19:11.577 --> 0:19:15.097
<v Speaker 1>look at the liquidity situation that has driven this, we're

0:19:15.097 --> 0:19:18.657
<v Speaker 1>going to go from all this Q to QT. We're

0:19:18.697 --> 0:19:25.977
<v Speaker 1>following an asset bubble. The liquidity situation, as in monetary policy,

0:19:26.057 --> 0:19:30.097
<v Speaker 1>the Fed and central banks, as in the government, brought

0:19:30.177 --> 0:19:33.377
<v Speaker 1>us to this point. Now, that's all true, and this

0:19:33.457 --> 0:19:37.537
<v Speaker 1>is a guy who is personally incredibly wealthy from understanding

0:19:37.537 --> 0:19:40.617
<v Speaker 1>those factors, but everything else aside. This guy knows where

0:19:40.617 --> 0:19:42.377
<v Speaker 1>the markets are going, which is why he's a billionaire.

0:19:42.777 --> 0:19:46.097
<v Speaker 1>And it's also why other people entrusted him with billions

0:19:46.097 --> 0:19:49.417
<v Speaker 1>and billions of their dollars to invest over many years.

0:19:50.257 --> 0:19:52.417
<v Speaker 1>So kind of knows he's talking about, knows a lot

0:19:52.417 --> 0:19:55.377
<v Speaker 1>more than some of the Biden advisors out there, and

0:19:55.417 --> 0:19:58.417
<v Speaker 1>in fact, we could go to Larry Summers, the former

0:19:58.497 --> 0:20:04.857
<v Speaker 1>Treasury secretary under Barack Obama, if you recall, who was

0:20:04.897 --> 0:20:07.497
<v Speaker 1>also president of Harvard, who's out there. He's straight up

0:20:07.537 --> 0:20:11.577
<v Speaker 1>saying it. Look, the inflation situation really got kicked off here,

0:20:11.657 --> 0:20:14.817
<v Speaker 1>the problem of inflation with the two trillion dollars of

0:20:14.857 --> 0:20:18.217
<v Speaker 1>Biden spending at the beginning of twenty twenty one. We

0:20:18.417 --> 0:20:25.217
<v Speaker 1>basically had inflation under control for forty years, despite the

0:20:25.257 --> 0:20:28.617
<v Speaker 1>fact that the price of oil fluctuated, despite the fact

0:20:28.657 --> 0:20:36.617
<v Speaker 1>that there were all kinds of supply shocks. We lost

0:20:36.657 --> 0:20:42.297
<v Speaker 1>the thread along with many other countries about a year

0:20:42.297 --> 0:20:48.497
<v Speaker 1>and a half ago, with massively expansionary policies. Relative to

0:20:48.537 --> 0:20:52.537
<v Speaker 1>the size of the GDP gap, the fiscal stimulus was

0:20:53.097 --> 0:20:55.657
<v Speaker 1>five times as large as it had been during the

0:20:55.697 --> 0:21:04.257
<v Speaker 1>financial crisis. Yeah, they spent too much money, and now

0:21:04.337 --> 0:21:06.497
<v Speaker 1>the bill is coming due, and now there's gonna be

0:21:06.497 --> 0:21:08.537
<v Speaker 1>a lot of pain. And the people in charge, like

0:21:08.617 --> 0:21:10.737
<v Speaker 1>Joe Biden, the fact that they just passed this Inflation

0:21:10.817 --> 0:21:13.817
<v Speaker 1>Reduction Act and doing a whole victory lapse over this.

0:21:13.857 --> 0:21:17.217
<v Speaker 1>It's not a reducing Inflation's gonna make inflation worse. If

0:21:17.217 --> 0:21:19.657
<v Speaker 1>the wonder, are these people morons? Are they just destructive? Well,

0:21:19.697 --> 0:21:22.417
<v Speaker 1>it's a combination of both. People. Run into the country

0:21:22.497 --> 0:21:24.977
<v Speaker 1>right now, do not do not do a good job.

0:21:25.497 --> 0:21:28.057
<v Speaker 1>That's a simple way of putting it. And I'll just

0:21:28.097 --> 0:21:30.097
<v Speaker 1>remind you that they just looked at the first six

0:21:30.137 --> 0:21:32.057
<v Speaker 1>months of the year and we were a negative GDP.

0:21:32.417 --> 0:21:35.097
<v Speaker 1>They've really now dug into the numbers more negative GDP.

0:21:35.417 --> 0:21:41.697
<v Speaker 1>We are in a recession, the Biden recession. That is reality.

0:21:42.537 --> 0:21:44.737
<v Speaker 1>They just don't want it to set in before the election.

0:21:44.937 --> 0:21:47.017
<v Speaker 1>They figure they'll just go with something else. Oh, the

0:21:47.217 --> 0:21:50.537
<v Speaker 1>January sixth and threats to our democracy starting in twenty

0:21:50.577 --> 0:21:53.657
<v Speaker 1>twenty three. Thanks for rolling with me team, talk to

0:21:53.657 --> 0:21:55.297
<v Speaker 1>you more tomorrow, Shields Hie