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Speaker 1: All right, thank you Scott Shannon, and thanks to all

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Speaker 1: of you for being with us toll free. Our number

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Speaker 1: is eight hundred and nine for one sean if you

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Speaker 1: want to be a part of the program Busy Show today,

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Speaker 1: our economic experts will weigh in on this entire banking issue.

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Speaker 1: Is this going to spread into a contagion? How dangerous

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Speaker 1: is it? Do you need to be worried yourself? If

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Speaker 1: you have more than two hundred and fifty thousand dollars

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Speaker 1: in any one bank, you need to talk to your accountant,

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Speaker 1: your financial advisor, or somebody that's smartened finances that you

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Speaker 1: know and ask them what to do. I'm not going

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Speaker 1: to give out financial advice, but banks traditionally only ensure

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Speaker 1: up to two hundred and fifty thousand dollars. A lot

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Speaker 1: of people that have more money, they'll put two hundred

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Speaker 1: and forty thousand in this bank, two hundred and thirty

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Speaker 1: thousand in that bank, and then each individual accountant is

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Speaker 1: then therefore ensured at a different bank. Not really good

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Speaker 1: news as it relates to the four biggest banks. Now,

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Speaker 1: this Silicon Valley Bank was what the sixteenth largest bank

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Speaker 1: in the country, but the four biggest US banks. They

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Speaker 1: lost a lot of money fifty two billion dollars of

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Speaker 1: market value as part of this, you know, broad route

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Speaker 1: of across the financial stocks. A lot of banks, smaller

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Speaker 1: banks are seeing massive losses in terms of their stock prices, etc. Etc.

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Speaker 1: I'll give you one example. JP Morgan lost about twenty

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Speaker 1: two billion in market value. Bank of America lost roughly

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Speaker 1: sixteen billion. Wells Fargo their capitalization was down ten billion,

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Speaker 1: City Bank down four billion. Now that these are banks

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Speaker 1: that are you know, are going to be safer and

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Speaker 1: more secure, etcetera, etcetera. But you know, when you look

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Speaker 1: at the data and the failed bank list, it's beginning

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Speaker 1: to grow. I mean, you have a signature bank. Remember

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Speaker 1: Barney Frank Dodd Frank Legislation. That's where he was on

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Speaker 1: the board of He's the one that was advocating and

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Speaker 1: lobbying for this regulation change that clearly would have benefited

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Speaker 1: the bank that he had a relationship with. Now we

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Speaker 1: got the Silicon Valley Bank and their funds, and there's

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Speaker 1: a whole list. If you look at the FDIC and

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Speaker 1: their failed bank list, a list of banks that have

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Speaker 1: failed since October of two thousand, it's it's more than

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Speaker 1: you would think. That's what people who are most worried

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Speaker 1: about now is how deep is this going to be?

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Speaker 1: How far does this go? Um, There's going to be

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Speaker 1: a lot of investigation behind all of this. The New

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Speaker 1: York postout of peace out today. The primary beneficiaries of

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Speaker 1: Biden's Silicon Valley Bank bail out, what I call the

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Speaker 1: Biden billionaire bailout bank bailout, is our Democrats. When the

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Speaker 1: Silicon Valley Bank failed, Joe Biden decided to toss out

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Speaker 1: the rule book guarantee deposits that needed the FDIC's two

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Speaker 1: hundred and fifty thousand dollar maximum insurance limit. Now, every

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Speaker 1: everybody knows what that number is. That is not unknown,

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Speaker 1: that is that is widely known what that number is. Anyway,

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Speaker 1: So they decided to protect these deposits, lie to us

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Speaker 1: and say, oh, but the taxpayers, they're not going to

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Speaker 1: be on the hook for any of this. Okay, If

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Speaker 1: the taxpayers aren't going to be paying for this, then

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Speaker 1: tell me who is, Because at the end of the day,

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Speaker 1: it's going to be we, you, the American people, that

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Speaker 1: pay for these bailouts for billionaires, because that's what this is.

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Speaker 1: It's gonna it's gonna end up coming out of your pocket,

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Speaker 1: because where else would it possibly come from? Now? Is

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Speaker 1: it going to be a direct tax? Now? Are these

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Speaker 1: banks going to be forced through regulation to charge more

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Speaker 1: for services that you will pay? Probably? So that means

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Speaker 1: it's it's gonna be you that pays us. So that

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Speaker 1: infuriates me. They just flat out lie about all of

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Speaker 1: this stuff, and it just gets so frustrating on so

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Speaker 1: many levels. By the way, can I get a new

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Speaker 1: cutsheet in their guys if you don't mind anyway, So

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Speaker 1: back to the New York Post, the Biden administration to

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Speaker 1: do this, you know it, there's a lot of angry

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Speaker 1: people out there rightly so, because they're viewing this as

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Speaker 1: a gift to wealthy Democratic donors in the tech center,

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Speaker 1: even as mom and pop investors are getting burned in

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Speaker 1: this deal, and that the American taxpayer are going to

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Speaker 1: be on the hook for all of this. And this

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Speaker 1: is billions of dollars. This is a Biden you know,

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Speaker 1: billionaire bailout bill. And by the way, where is Congress

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Speaker 1: is input into this, it's a bailout. The account holders

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Speaker 1: they bailed out are Democrats. Quote one tech insider telling

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Speaker 1: the New York Post. Quote, Silicon Valley Bank is the

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Speaker 1: bank of Democrats. They're looking after their own. He added,

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Speaker 1: if it was the bank of MAGA, what are the

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Speaker 1: chances it would be bailed out. There's not a chance

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Speaker 1: in hell goes on. They saved the Democratic donors, but

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Speaker 1: who were the equity holders? The Tech Insider noted, quote,

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Speaker 1: retirement funds brought into this many or policeman, teachers, firemen

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Speaker 1: just trying to retire. And meanwhile the equity bond holders

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Speaker 1: were completely wiped out as part of the rescue by

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Speaker 1: state regulators and the FDIC. And those included big mutual

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Speaker 1: funds that operate in retirement funds for working Americans. Vanguard

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Speaker 1: Group owned what nearly eleven percent of Silicon Valley Bank shares.

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Speaker 1: Electric Pension Insurance Mutual owned nearly four point five percent,

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Speaker 1: Franklin Mutual Advisors owned nearly two percent. You know, the

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Speaker 1: Wall Street Journal, as they pointed out in an op

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Speaker 1: ed yesterday, argue that instead of hedging for financial risks,

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Speaker 1: that Silicon Valley Bank's real hedge was to curry favor

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Speaker 1: with the Biden administration. And then, you know, we noted

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Speaker 1: yesterday they had committed you know, the bank released their

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Speaker 1: ESG reports stating they had committed five billion dollars towards

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Speaker 1: sustainable finance and carbon neutral operations to support a healthier planet.

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Speaker 1: Will that ought not be a consideration in the banking business. Moody's,

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Speaker 1: by the way, in a really harsh blow to a

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Speaker 1: reeling industry, Moody's Investor Services has now cut its view

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Speaker 1: on the entire banking system to negative from being stable.

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Speaker 1: The firm, part of three big rating services, said yesterday

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Speaker 1: that they're making the move in light of the bank

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Speaker 1: failures that prompted regulators to step in on Sunday with

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Speaker 1: the dramatic rescue plan for depositors and other institutions impacted

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Speaker 1: by the crisis. We have changed to negative from our

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Speaker 1: stable outlook on the US banking system to reflect the

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Speaker 1: rapid deterioration in the operating environment following deposit runs at

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Speaker 1: Silicon Valley Bank, Silver Gate Bank, Signature Bank, and the

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Speaker 1: failures of SVB and SNA. According to Moody's report, Now

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Speaker 1: you really can't you know, you can't blame Moody's for

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Speaker 1: being honest, which is more than you're getting from a

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Speaker 1: lot of other people these days. You know, but don't

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Speaker 1: worry if you're a Democrat. COVID is Trump's fault. Bank

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Speaker 1: failures that's Donald Trump's fault. Train derailments are Trump's fault.

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Speaker 1: Gas prices are Trump's fault. Afghanistan was Trump's fault. The

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Speaker 1: border is Trump's fault, The deficit is Trump's fault. Inflation

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Speaker 1: is Trump's fault. Ukraine is It's all Trump's fault. So,

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Speaker 1: you know, this is the Biden billionaire bailout debacle has begun.

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Speaker 1: And you know, now the question is will this become

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Speaker 1: a contagion as they call, will this spread? How far

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Speaker 1: will this go? Because you know, what really frustrates me

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Speaker 1: is that there were some really really smart people that

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Speaker 1: do their job the due diligence that you'd expect, especially

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Speaker 1: when it comes to money and banking, etc. You know,

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Speaker 1: we do know that in November, JP Morgan did a

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Speaker 1: full complete analysis on this bank and predicted this very

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Speaker 1: thing was likely going to happen. Now that's interesting, especially

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Speaker 1: in light of the fact that the Justice Department and

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Speaker 1: the Security and Exchange Commission now are now investigating the collapse.

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Speaker 1: How did this possibly happen? They're investigating the collapse of

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Speaker 1: these banks the investigations are examining stocks sales. Now. I

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Speaker 1: didn't like the fact that two weeks prior to this failure,

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Speaker 1: I guess the president of some high ranking official at

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Speaker 1: this bank cashed in three and a half million in

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Speaker 1: stock the day that the FDIC took over the bank

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Speaker 1: on Friday. That day, everybody got their bonuses just before

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Speaker 1: the bank was taken over. The night before they had

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Speaker 1: a big party at a big steakhouse. I didn't like

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Speaker 1: that part either. Again, I'll go back to JP Morgan

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Speaker 1: warning in November that Silicon Valley Bank sixteen billion dollars

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Speaker 1: unrealized law could pose a very serious risk. They now

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Speaker 1: release their troubling research after holding a deep dive of

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Speaker 1: webinar with the Silicon Valley Bank CFO. You know, should

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Speaker 1: the balance of deposits outflows inflows persist for longer than expected?

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Speaker 1: Another topic they discussed, you know, the risk that SVB

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Speaker 1: will need to sell underwater held to maturity securities and

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Speaker 1: realize losses. What we were talking about is what I

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Speaker 1: have been trying to explain, and that is that as

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Speaker 1: a result of Biden, Biden's economic and energy policies that

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Speaker 1: have caused a forty year high of inflation that has

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Speaker 1: resulted in the FED rapidly raising interest rates, dramatically raising

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Speaker 1: interest rates the likes of which we haven't seen in

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Speaker 1: two decades. Well, this particular bank mortgage backed securities, treasury,

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Speaker 1: but they're talking, we're talking about ten year of treasury bonds.

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Speaker 1: So all of a sudden, now the depositors want their

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Speaker 1: money back, and the only way they can get it

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Speaker 1: is to sell their treasuries at what is a huge,

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Speaker 1: huge loss, you know. So you have all these banks

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Speaker 1: now collapsing. Two dozen other banks forced to halt trading

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Speaker 1: yesterday amid the panic. I don't know how many still

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Speaker 1: are are not trading today. First Republic Bank, their stock

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Speaker 1: plummeted sixty percent. One hundred billion dollars was wiped out

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Speaker 1: in a single day. And at the core of all

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Speaker 1: of this it's Biden's economic and energy policies. Remember he

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Speaker 1: inherited a very low one point four percent inflation rate,

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Speaker 1: and then he you know, inflation started a rise very

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Speaker 1: rapidly and then as high as nine point one percent,

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Speaker 1: but we were told it was transitory, wasn't gonna last,

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Speaker 1: you know, and then of course he drove you know,

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Speaker 1: the energy crisis was created because of Biden's resistance while

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Speaker 1: his adherence to the climate alarmist cult and Joe Biden's

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Speaker 1: resistance to producing energy domestically. He'd rather import oil from Venezuela,

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Speaker 1: which makes no sense at all anyway. So that had

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Speaker 1: an impact on inflation, That had an impact on the economy,

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Speaker 1: and as a result, it was anything but transitory. What

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Speaker 1: you have seventeen hundred percent increase in interest rates. So

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Speaker 1: you have the first financial institution to fail, Silicon Valley Bank.

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Speaker 1: Their holdings were in treasuries and mortgage securities and they

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Speaker 1: were hit hard by the Fed's aggressive interest rate hikes

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Speaker 1: caused by Biden inflation and Biden economics. And that still

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Speaker 1: remains uncomfortably high of new data today. But you know, Biden,

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Speaker 1: it's not his faulty blames Donald Trump. You know, if

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Speaker 1: he's had two years, especially the first two years he

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Speaker 1: had control of Congress, he wanted to have changed these

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Speaker 1: regulations to whatever he wanted to change him He had

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Speaker 1: every chance to do it. So stop blaming Trump for everything.

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Speaker 1: Dog bites, beast things, your feeling said, Stop blaming Trump.

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Speaker 1: You know, by the way, many Democrats voted to ease

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Speaker 1: the restrictions being lobbied by the likes of Barney Frank.

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Speaker 1: Barney Frank himself lobbied and supported these regulatory rollbacks. He's

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Speaker 1: a board member at Signature Bank, the second financial institution

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Speaker 1: to collapse. That bill was changed. The bill that was

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Speaker 1: changed was the Dodd Frank bill or the Dodd Barney

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Speaker 1: Frank bill. So he's the one that changed his own bill,

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Speaker 1: So blame him. He wrote on CNBC in an op ed.

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Speaker 1: There's one legislative issue which I'm strongly supportive of, a

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Speaker 1: change that will benefit Signature Aden that he benefits, raising

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Speaker 1: the fifty billion dollar asset level of which a bank

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Speaker 1: becomes subject to extra supervision. So you got the you know,

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Speaker 1: former Democratic radical leftist Barney Frank, the co author of

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Speaker 1: Dodd Frank instrumental in removing the oversight at a bank

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Speaker 1: that has now collapsed. And we're supposed to believe this

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Speaker 1: is Donald Trump's fault. How much money Barney were being paid?

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Speaker 1: When are we going to find out that little nugget?

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Speaker 1: So as Joe Biden's policies, he sat around and did nothing.

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Speaker 1: By the way, experts were warning, JP Morgan was warning.

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Speaker 1: Other people saw this coming and all they get is

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Speaker 1: blame Trump. And now the question is is this going

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Speaker 1: to be a contagion? What is a contagion? Is this

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Speaker 1: going to spread to many banks around the country. Are

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Speaker 1: we going to have a real banking crisis. They might

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Speaker 1: be able to stave it off, They might be able

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Speaker 1: to stop it temporarily. How long is this? How many

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Speaker 1: other banks did what you know, Silicon Valley Bank did

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Speaker 1: and invested in long term treasuries not expecting this record increase,

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Speaker 1: these record increases in interest rates. And I don't I

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Speaker 1: don't have the answer to those questions. I don't want

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Speaker 1: to bring bad news. But there's a lot of things

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Speaker 1: happening internationally, foreign policy issues that I really are chilling

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Speaker 1: to me. The broker deal with China, the Saudis, the Iranians.

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Speaker 1: I'm not loving that China's president is gonna meet with

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Speaker 1: Vladimir Putin. I've been talking about this new you know,

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Speaker 1: access of evil if you will. It looks like it's

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Speaker 1: coming together. We had the recent incident, by the way,

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Speaker 1: the United States condemned the downing of a US spy

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Speaker 1: drone by a Russian fighter jet over the Black Sea.

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Speaker 1: This happened earlier today, and an incident that underscores how

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Speaker 1: the Ukraine War has now increased the risk of direct

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Speaker 1: confrontation with Moscow and Washington. He had two Russian jets

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Speaker 1: carried out what the US military described as a military

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Speaker 1: intercept of MQ nine Reaper. It's a drone international airspace.

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Speaker 1: One of them collided widget and flew in front of

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Speaker 1: the unmanned drone and unsafe maneuvers. Uh, what's Joe gonna

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Speaker 1: do about that? And what's Joe gonna do about this

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Speaker 1: new alliance with China and Russia and the new alliance

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Speaker 1: with the Saudist and Iranians. The reason the Iranians were

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Speaker 1: were with US in Israel and Jordan and the Emirates

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Speaker 1: and Egypt was to stop Iranian hegemony and hostility in

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Speaker 1: the region. If the Iranians get nukes, God help this world.

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Speaker 1: Driving the liberals nuts. Sean Hannity is back on the

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Speaker 1: radio right now, all right, twenty five nowntil the top

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Speaker 1: of the hour, eight nine, Shan is her number. As

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Speaker 1: we now dig deeper into this, this Biden billionaire banker bailout, know,

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Speaker 1: you begin to see a nexus, a criss cross, You

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Speaker 1: begin to see relationships emerge. Now who do. I always say,

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Speaker 1: makes this country great. The people of this country make

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Speaker 1: this country great. You listening to this show, make this

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Speaker 1: country great. The people that work hard, they're put in

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Speaker 1: their twelve, fourteen, sixteen hours, whatever it is every day.

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Speaker 1: The people that you know, get up every morning, make

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Speaker 1: their kids lunch, get him off to school, go out

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Speaker 1: to work. They pay their taxes, they obey the laws.

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Speaker 1: They love their country, and you know, exhaust themselves so

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Speaker 1: that they can provide for their families. They are the

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Speaker 1: people that make this country great. But then you've got

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Speaker 1: the elite. Now, if you listen to Democrats, if you

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Speaker 1: listen to Joe Biden, he has a monopoly on compassion

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Speaker 1: for the poor people, working class in this country. We've

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Speaker 1: all often and always talk about the forgotten men and

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Speaker 1: women in this country. And that's most of us, most

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Speaker 1: of you in this country. And that would meet and

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Speaker 1: everybody from the farmers to the truckers, to the carpenters,

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Speaker 1: to the plumbers, to the home builders, to the nurses,

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Speaker 1: to the doctors, to the lawyers. I mean, everybody's working

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Speaker 1: at Everybody that I know works their ass off. I

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Speaker 1: don't know anybody that doesn't. I don't know anybody that

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Speaker 1: works an eight hour day anymore, Linda, does anybody on

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Speaker 1: our team work an eight hour day that? I maybe?

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Speaker 1: I don't know of anybody. No bus, not a single one, No, no,

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Speaker 1: everybody's all all in all day. I buy lunch every

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Speaker 1: day from by radio team. I have a sinister motive.

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Speaker 1: I don't want them leaving their desk. We don't have time.

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Speaker 1: We have too much work to do, and news is

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Speaker 1: breaking up to the second we come on the air

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Speaker 1: works four hours a day. Maybe he's a good example

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Speaker 1: that But Ethan's right, that's a good example, one of

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Speaker 1: the rare ones. And it's the people. But then you

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Speaker 1: now discovered we have this you know, Biden billionaire bank bailout,

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Speaker 1: and what are we finding out? For example, this is

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Speaker 1: from the New York Post. One. What is the Hillary

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Speaker 1: Clinton mega donor who went to a Shinto shrine to

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Speaker 1: pray after Donald Trump won the White House? An other

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Speaker 1: work for President Barack Obama before her own political career

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Speaker 1: spectacularly failed. A third is a prolific contributor to Democrats,

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Speaker 1: including Nancy Pelosi, who owns a Napa Valley vineyard just

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Speaker 1: fifteen minutes from the former House Speakers there's even an

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Speaker 1: improv performer twelve directors who are supposed to oversee the

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Speaker 1: fallen Silicon Bank and prevent catastrophic errors that through the

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Speaker 1: entire banking system into jeopardy where it remains today. That

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Speaker 1: started on Friday. They may not be household names, but

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Speaker 1: the headline in the New York Post is Obama official,

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Speaker 1: Hillary Donors, improv actor meet the Silicon Valley Bank Board

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Speaker 1: of directors. Anyway, so they found out in a New

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Speaker 1: York Post investigation, you know that they're facing a serious

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Speaker 1: a series of investigations into their collective role into this collapse.

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Speaker 1: You know, only one independent directors under sixty the oldest

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Speaker 1: to seventy eight. But these contributors went hand in hand

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Speaker 1: with the bank's business model. Everyone knew it was the

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Speaker 1: go to bank for the woke CEOs, according to one

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Speaker 1: source telling the New York Post, they knew they were

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Speaker 1: aligned politically. The companies SVB loan money to all, had

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Speaker 1: a woke agenda. Svb B had a five billion dollar

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Speaker 1: commitment to woke. You know, and these are the people

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Speaker 1: now that are getting bailed out by their friendly politicians.

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Speaker 1: When we get when we finally get to the bottom

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Speaker 1: line and how much money would was donated. I guarantee

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Speaker 1: you it's gonna be massive sums of money. We're getting

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Speaker 1: some trickling in data right now. Also from the New

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Speaker 1: York Posts, Silicon Valley Bank, Signature Bank, and Credit Credit

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Speaker 1: Suisse donated one point two million dollars to Democrats since

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Speaker 1: twenty seventeen. That's a lot of money. The banks, through

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Speaker 1: their employees and affiliated packs, donated nearly one point two

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Speaker 1: million to Democrats between twenty seventeen and twenty twenty two.

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Speaker 1: According to the government transparency group Open Secrets, Republican candidates

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Speaker 1: got less than seven hundred fifty thousand dollars. All three

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Speaker 1: banks spent big to defeat Donald Trump in twenty twenty,

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Speaker 1: collectively giving one hundred ninety eight thousand to Joe Biden's

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Speaker 1: presidential campaign. SVB, Signature Bank, Credi Swiss joined jointly gave

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Speaker 1: seventeen thousand, five hundred ninety seven dollars to Trump and

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Speaker 1: five thousand, five hundred and sixteen to his upstart run

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Speaker 1: in twenty sixteen, and since then, you know, ninety thousand

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Speaker 1: dollars to Democratic National Committee in tens of thousands to

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Speaker 1: individual Senate campaigns like Chucky Schumer and Mark Warner and

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Speaker 1: Joe Mansion and John Tester and Mark Kelly. And Tester

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Speaker 1: was seeing Monday night rubbing elbows with partners at svb's

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Speaker 1: law firm during a posh Polo, I'm sorry, Paolo Alto fundraiser.

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Speaker 1: I'm Polo, sorry, Polo, it says Polo actually in front

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Speaker 1: of me. But whatever, But you get my point. By

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Speaker 1: the way, Gavin Newsom shouldn't shock you here either. The

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Speaker 1: intercept reporting cheering Silicon Valley Bank bailout, Gavin Newsom didn't

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Speaker 1: mention he is a client. At least three of the

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Speaker 1: California governor's wine companies are held by SVB, and a

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Speaker 1: bank president sits on the board of his wife's charity. Anyway,

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Speaker 1: So Gavin Newsom praising the Biden administration and their decision

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Speaker 1: to intervene on behalf of this bank SVB clients after

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Speaker 1: the bank was taken over by the FDIC on Friday,

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Speaker 1: admit a bank run the White House acted swiftly and

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Speaker 1: decisively to protect the American economy and strengthen public competence

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Speaker 1: in our banking system. Nussen said in a statement. What

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Speaker 1: Newsom didn't mention is that it also protected his own

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Speaker 1: companies if they held over two hundred and fifty thousand

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Speaker 1: dollars in deposits. Considering he owns a winery, I would

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Speaker 1: assume that he probably does. I don't know, just a guess,

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Speaker 1: A professional guess on my part. He didn't mention that

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Speaker 1: his wife's professional ties to the bank. Silicon Valley Bank

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Speaker 1: gave a hundred thousand dollars to the charity founded by

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Speaker 1: his wife. You know, I mean it's you've got these

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Speaker 1: ancestuous relationships here. I mean, it's unbelievable. Yesterday we told

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Speaker 1: you about New York Post editorial Biden is forced to

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Speaker 1: bail out a banking system and his donors that he endangered.

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Speaker 1: I mean, there's always a nexus here. There's always a

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Speaker 1: story behind the story here. And the bottom line, you know,

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Speaker 1: Joe Biden can go out there like he did. I'll

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Speaker 1: play it for you. No losses will be borne by

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Speaker 1: taxpayers over bank closures. Listen, all customers who had deposits

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Speaker 1: in these banks can rest assured. I'm gonna rest assured

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Speaker 1: they'll be protected and they'll have access to their money

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Speaker 1: as of today. That includes small businesses across the country

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Speaker 1: that bank there and need to make payroll, pay their

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Speaker 1: bills and stay open for business. No losses will be

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Speaker 1: in iman. This is an important point. No losses will

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Speaker 1: be borne by the taxpayers. I mean to repeat that,

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Speaker 1: no losses will be born by the taxpayers. Instead, the

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Speaker 1: money will come from the fees at banks paying to

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Speaker 1: the deposit insurance fund. Who pays the fees? You do?

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Speaker 1: You the American people, and those fees are going to

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Speaker 1: be on every bank. You know, pensions, pension funds lost

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Speaker 1: millions of dollars in the Silicon Valley Bank collapse. Did

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Speaker 1: you know that The Washington Examiner pointed out very pension

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Speaker 1: funds invested in Silicon Valley Bank have lost millions in

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Speaker 1: the aftermath of the collapse. Now, I guess that they're

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Speaker 1: going to be protected, But I mean, what happens if

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Speaker 1: this gets bigger financial ratings, giant downgrades the system. I

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Speaker 1: told you about Moody's. Primary beneficiaries of the Silicon Valley

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Speaker 1: Bank bailout or the Biden billionaire bank bailout are liberal Democrats,

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Speaker 1: you know, So the billionaire bailout debate begins. Now these

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Speaker 1: are the same people. We're not going to tax people

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Speaker 1: that make under four hundred thousand dollars a year. Oh okay,

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Speaker 1: but they're raising taxes on oil, gas, and coal. Well

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Speaker 1: that's a tax on every American, and nobody calls him

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Speaker 1: out on it. George Herbert Walker Bush read my lips.

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Speaker 1: No new taxes. Boy, they rammed that down his throat

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Speaker 1: when they got him to break his own promise. How

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Speaker 1: is it that Joe Biden isn't held accountable for wanting

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Speaker 1: to raise taxes on pensions, oil, gas, coal, and corporations.

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Speaker 1: Corporations aren't paying those taxes. How many times do I

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Speaker 1: need to tell you? By the way, the key inflation numbers,

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Speaker 1: prices are still out of control. It's hard to believe

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Speaker 1: inflation six percent when the prices of so many everyday

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Speaker 1: staples have increased anywhere by thirteen to fifty five percent

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Speaker 1: in the last year. I doubt we're even getting the

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Speaker 1: right numbers from them. Biden's inflation is now just four

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Speaker 1: times as high as it was under Donald Trump. Oh,

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Speaker 1: we're really making progress. Congratulate Joe Biden on the you know,

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Speaker 1: four tenths of one percent drop and inflation. Gee, we

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Speaker 1: ought to be so happy. And what is the Biden agenda,

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Speaker 1: Biden administration's agenda, or they're going after your gas ranges

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Speaker 1: and now they're going after washing machines. Apparently last month,

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Speaker 1: Biden's Department of Energy proposed new efficiency standards for washing

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Speaker 1: machines that requires new appliances to use considerably less water,

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Speaker 1: all in an effort to confront global climate crisis. Look

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Speaker 1: at his look look at his budget and what the

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Speaker 1: budget calls for. How many you know, billions and billions

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Speaker 1: and billions of dollars are they spending on this new deal?

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Speaker 1: A socialist madness, this climate alarm at cultist madness, because

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Speaker 1: that's what it is. It's insanity. Never mind the fact

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Speaker 1: you know, economically, you know, look at this country. I

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Speaker 1: don't know how bad this bank crisis is going to be.

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Speaker 1: I'm expecting it to get worse. I'm hoping it doesn't.

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Speaker 1: I don't want to see this country deteriorate any further

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Speaker 1: than it has. You know, the border crisis is you know,

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Speaker 1: that was all preventable. The energy crisis was preventable. We

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Speaker 1: should be the most energy dominant country on the face

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Speaker 1: of the earth. You know, last year Saudi Arabia made

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Speaker 1: trillions of dollars and right now with Vladimir Putin shutting

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Speaker 1: off the spicket in terms of energy to Western Europe,

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Speaker 1: we should be filling that void. Then we would be

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Speaker 1: an energy rich nation. It's good for our national security,

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Speaker 1: it's good for you know, career jobs, high paying career

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Speaker 1: jobs for Americans. It's it's good for our allies. They're

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Speaker 1: not dependent on a hostile regime with a hostile actor.

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00:27:15,680 --> 00:27:19,000
Speaker 1: You know, well, the Biden administration condemned the shooting down

428
00:27:19,000 --> 00:27:24,160
Speaker 1: of a US military drone, obviously hostile. Putin doesn't think

429
00:27:24,200 --> 00:27:27,879
Speaker 1: there's gonna be any repercussions for this. That's why he

430
00:27:27,960 --> 00:27:32,600
Speaker 1: did it. China now is going to meet with you know, Putin,

431
00:27:32,680 --> 00:27:38,520
Speaker 1: and then he might call Zalinsky. Okay, he's gonna negotiate

432
00:27:38,600 --> 00:27:42,200
Speaker 1: with Zalinsky if you give this land, this land and

433
00:27:42,280 --> 00:27:46,000
Speaker 1: this land. And I'll tell you why people's support for

434
00:27:46,200 --> 00:27:51,480
Speaker 1: Ukraine is waning thin. And it's the reason is they're

435
00:27:51,480 --> 00:27:54,639
Speaker 1: not fighting the war to win the war. The reason

436
00:27:54,800 --> 00:27:56,879
Speaker 1: is Biden's talking about how it might go on another

437
00:27:56,880 --> 00:28:00,399
Speaker 1: three some odd years. That means, you know, we're now

438
00:28:00,480 --> 00:28:04,000
Speaker 1: talking about Afghanistan two point zero. It says, if we

439
00:28:04,040 --> 00:28:09,159
Speaker 1: didn't learn anything from these experiences President Cheese meeting Putin

440
00:28:09,200 --> 00:28:13,280
Speaker 1: in Moscow. That shouldn't concern us. The Iranians aligning with

441
00:28:13,320 --> 00:28:18,560
Speaker 1: the Saudis, breaking off of a real solid coalition of

442
00:28:18,600 --> 00:28:24,119
Speaker 1: the US, Israel, the Saudis, the Egyptians, the Jordanians, the Emirates.

443
00:28:24,880 --> 00:28:26,720
Speaker 1: Are you kidding me? You think this is good for

444
00:28:26,760 --> 00:28:30,240
Speaker 1: the world. China is building their relationship with Iran, and

445
00:28:30,359 --> 00:28:33,480
Speaker 1: Russia is building their relationship with Iran. You think any

446
00:28:33,480 --> 00:28:36,760
Speaker 1: of these countries like the United States of America, No,

447
00:28:36,960 --> 00:28:40,640
Speaker 1: they do not. This This is a clear and present danger.

448
00:28:41,400 --> 00:28:42,920
Speaker 1: And by the way, do you think it's a little

449
00:28:42,920 --> 00:28:48,080
Speaker 1: embarrassing that the Mexican president, Mexico's president, is saying that

450
00:28:48,160 --> 00:28:54,040
Speaker 1: Mexico is safer than the US after the American tourists kidnappings.

451
00:28:54,560 --> 00:28:57,160
Speaker 1: But what is he looking at? Well, he's looking at

452
00:28:57,240 --> 00:29:02,120
Speaker 1: Chicago and Los Angeles and New York and the idiocy

453
00:29:02,200 --> 00:29:06,480
Speaker 1: of Nobel laws and the stupidity of defund dismantled the police.

454
00:29:08,080 --> 00:29:10,640
Speaker 1: It's sad, but you can make an argument he's not

455
00:29:10,800 --> 00:29:14,120
Speaker 1: that far off. Do I believe that Mexico is safer? No,

456
00:29:14,280 --> 00:29:18,360
Speaker 1: I do not, But I do believe that our cities

457
00:29:18,360 --> 00:29:22,640
Speaker 1: and towns are far less safe because a democratic madness.

458
00:29:24,160 --> 00:29:27,480
Speaker 1: Key inflation numbers are now showing prices are still way

459
00:29:27,520 --> 00:29:31,680
Speaker 1: out of control. You know, and you know, and they

460
00:29:31,720 --> 00:29:36,239
Speaker 1: want washing machine rules and gas stow of rules. This

461
00:29:36,360 --> 00:29:40,280
Speaker 1: is where their their heads at. It's unbelievable. Oh and

462
00:29:40,360 --> 00:29:42,880
Speaker 1: by the way, on COVID, you're gonna love this news.

463
00:29:43,360 --> 00:29:47,080
Speaker 1: It turns out US government agencies they may have doubled

464
00:29:47,200 --> 00:29:51,440
Speaker 1: build for projects in Wuhan, according to records, indicating, in

465
00:29:51,480 --> 00:29:54,800
Speaker 1: other words, the US is possibly possibly scammed out of

466
00:29:54,800 --> 00:29:59,440
Speaker 1: tens of millions by the Wuhan Virology Lab. Not only

467
00:29:59,480 --> 00:30:02,080
Speaker 1: did you pay for it, you got robbed on top

468
00:30:02,120 --> 00:30:03,840
Speaker 1: of the free money that they gave them that they

469
00:30:03,880 --> 00:30:06,320
Speaker 1: never should have given them in the first place. That's

470
00:30:06,360 --> 00:30:10,800
Speaker 1: news today too. Joe Biden's woke Navy wants to boost

471
00:30:10,840 --> 00:30:14,360
Speaker 1: their budget to fight climate change. This is in biz

472
00:30:14,400 --> 00:30:16,880
Speaker 1: Pack Review. I can't believe this is what we're talking about,

473
00:30:18,080 --> 00:30:20,479
Speaker 1: but it goes on. Navy wants Congress to fund an

474
00:30:20,480 --> 00:30:24,920
Speaker 1: additional three ninety seven million in climate change resiliency programs

475
00:30:24,920 --> 00:30:28,479
Speaker 1: in twenty twenty four, including money for electric cars solo

476
00:30:28,960 --> 00:30:32,720
Speaker 1: micro grids, according to budget plans revealed Monday, and if

477
00:30:32,720 --> 00:30:36,200
Speaker 1: Congress grants the funding. Total Navy Marine Corps spending on

478
00:30:36,280 --> 00:30:40,080
Speaker 1: climate related programs in fiscal year twenty twenty four is

479
00:30:40,120 --> 00:30:45,840
Speaker 1: gonna be one point four seven billion dollars. Why climate

480
00:30:45,920 --> 00:30:49,120
Speaker 1: change with the military? Are you out of your mind?

481
00:30:50,400 --> 00:30:54,520
Speaker 1: Do you not see the hypersonic missiles that China and

482
00:30:54,600 --> 00:30:58,680
Speaker 1: Russia are showing off? Are you not watching Little Rocketman

483
00:30:58,920 --> 00:31:03,200
Speaker 1: is back in business? Are you're not reading it that

484
00:31:03,360 --> 00:31:09,400
Speaker 1: the Iranians potentially have nuclear capability? Now this is a mess,

485
00:31:10,560 --> 00:31:15,280
Speaker 1: entire screwed up mess. The border. Everything this guy touches

486
00:31:15,320 --> 00:31:21,640
Speaker 1: as a disaster. Republicans better wake up, get over your resistance,

487
00:31:21,640 --> 00:31:26,560
Speaker 1: your reluctance as it relates to, you know, issues of

488
00:31:26,640 --> 00:31:29,920
Speaker 1: voting early and by mail and whatever the law your

489
00:31:30,080 --> 00:31:33,880
Speaker 1: state is that the Democrats are doing legally with ballot harvesting.

490
00:31:34,000 --> 00:31:37,240
Speaker 1: Do it match it, do it better? And by the way,

491
00:31:37,240 --> 00:31:39,400
Speaker 1: if you're in the market for a new firearm, there's

492
00:31:39,440 --> 00:31:42,080
Speaker 1: no better company. I love my friends and Henry repeating arms.

493
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Speaker 1: They're awesome. You got to check out their new US

494
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Speaker 1: Survival rifle. Now. The great thing is you can take

495
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Speaker 1: it apart, put it back together in mere seconds when

496
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Speaker 1: you need to. The parts fit right into its stocks,

497
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Speaker 1: so it's easy to stow in your car, your truck.

498
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Speaker 1: It's compact and can carry it everywhere. It's only three

499
00:31:58,000 --> 00:32:00,480
Speaker 1: and a half pound sixteen inches when does a mboled.

500
00:32:00,800 --> 00:32:04,080
Speaker 1: It comes in black, three types of camo beautiful finishes.

501
00:32:04,440 --> 00:32:07,240
Speaker 1: It's affordable, depending on the finish, between two hundred and

502
00:32:07,240 --> 00:32:09,880
Speaker 1: fifty four hundred bucks. I just got mine. I can't

503
00:32:09,920 --> 00:32:12,040
Speaker 1: wait to use it. Anyway. You can see a video

504
00:32:12,080 --> 00:32:14,720
Speaker 1: on it. Go to their website Henry USA dot com

505
00:32:14,720 --> 00:32:18,200
Speaker 1: put in slash Survival and you can see the videos.

506
00:32:18,520 --> 00:32:20,520
Speaker 1: They have over two hundred models to choose from. You

507
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Speaker 1: can't go wrong, frankly, with any one of them. Every

508
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Speaker 1: one of mine accurate right out of a box. Anyway.

509
00:32:26,280 --> 00:32:28,560
Speaker 1: Go to Henry USA dot com. When you go there,

510
00:32:28,840 --> 00:32:31,240
Speaker 1: get a free catalog, free decals, and a list of

511
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Speaker 1: dealers where you are. The Sean Hannity Show, empowered by

512
00:32:44,440 --> 00:32:52,480
Speaker 1: American capitalism and never government subsidized. Sean Hannity is on

513
00:32:52,840 --> 00:33:01,000
Speaker 1: right now, All right, will we come back? Our economic experts,

514
00:33:01,040 --> 00:33:03,640
Speaker 1: Steve Moore and David Monson will join us. We'll get

515
00:33:03,640 --> 00:33:06,520
Speaker 1: an update, We'll get their thoughts on the banking crisis

516
00:33:06,640 --> 00:33:11,440
Speaker 1: or Biden's billionaire bank bailout. Also, we have Joe Takapina

517
00:33:11,520 --> 00:33:16,360
Speaker 1: coming up. Reports abound pretty much everywhere, an expected indictment

518
00:33:16,400 --> 00:33:19,640
Speaker 1: of Donald Trump in New York over the Stormy Daniels thing.

519
00:33:19,840 --> 00:33:23,480
Speaker 1: What law is it? We'll ask Joe Takapina. Maybe he knows,

520
00:33:23,520 --> 00:33:25,680
Speaker 1: because I can't figure it out. Our friend Benjamin Hall,

521
00:33:25,760 --> 00:33:28,200
Speaker 1: my friend and colleague from the Fox News Channel one

522
00:33:28,280 --> 00:33:33,360
Speaker 1: year ago today, is severely injured in Ukraine. He's gonna

523
00:33:33,360 --> 00:33:36,160
Speaker 1: tell us his harrowing story, and an inspirational one at

524
00:33:36,200 --> 00:33:36,280
Speaker 1: that