1 00:00:00,160 --> 00:00:00,560 Speaker 1: Be aware. 2 00:00:00,560 --> 00:00:08,240 Speaker 2: I'm coming to your stock. 3 00:00:09,039 --> 00:00:16,640 Speaker 3: From coast to coast, from border to border, from c 4 00:00:17,120 --> 00:00:21,799 Speaker 3: to Shining Sea. Sean Kennedy is on. 5 00:00:23,960 --> 00:00:26,880 Speaker 2: All right, Thanks scat chat an hour two Sean Hannity Show. 6 00:00:26,920 --> 00:00:28,960 Speaker 2: Toll free. Our number is eight hundred and nine to 7 00:00:28,960 --> 00:00:31,639 Speaker 2: four one, Shawn, if you want to be a part 8 00:00:31,680 --> 00:00:36,440 Speaker 2: of the program. Uh. An effort started yesterday by conservative 9 00:00:36,440 --> 00:00:39,960 Speaker 2: House Republicans, along with the Speaker of the House Mike Johnson, 10 00:00:40,920 --> 00:00:45,840 Speaker 2: legislation that is aimed at blocking non citizens from voting 11 00:00:45,880 --> 00:00:49,000 Speaker 2: in US elections. I may surprise you that it didn't 12 00:00:49,040 --> 00:00:52,120 Speaker 2: become law, got stopped in the courts. But in New 13 00:00:52,200 --> 00:00:56,400 Speaker 2: York City, for example, they wanted to allow illegal immigrants 14 00:00:56,400 --> 00:00:59,880 Speaker 2: to vote local elections. In DC, we just had recently 15 00:01:00,240 --> 00:01:04,240 Speaker 2: the city Council there voting to allow illegal immigrants to 16 00:01:04,319 --> 00:01:08,920 Speaker 2: vote in local elections. But anyway, they held the big 17 00:01:08,959 --> 00:01:11,520 Speaker 2: press conference yesterday with the leaders in the House and 18 00:01:11,560 --> 00:01:16,000 Speaker 2: the Senate. It's being spearheaded by Congressman Ship Roy in 19 00:01:16,120 --> 00:01:19,200 Speaker 2: the House and Senator Mike Lee in the Senate. And 20 00:01:19,240 --> 00:01:22,240 Speaker 2: the bill obviously comes amid this flood of what are 21 00:01:22,360 --> 00:01:26,840 Speaker 2: illegal immigrants, over ten million unvetted. Joe Biden illegals. I'll 22 00:01:26,920 --> 00:01:30,200 Speaker 2: keep repeating tens and tens of thousands from our top 23 00:01:30,280 --> 00:01:34,200 Speaker 2: geopolitical foes, and that would be China and Russia, that 24 00:01:34,280 --> 00:01:38,720 Speaker 2: would be Egypt and Afghanistan and Yemen, that would be Iran, 25 00:01:38,760 --> 00:01:42,720 Speaker 2: that would be Syria, And they're all flooding into the country, 26 00:01:42,760 --> 00:01:47,480 Speaker 2: which means that, unfortunately for all of us, that it's 27 00:01:47,480 --> 00:01:49,480 Speaker 2: not a matter of if, it's a matter of when 28 00:01:49,840 --> 00:01:52,640 Speaker 2: this country's going to be attacked again. I have no 29 00:01:52,760 --> 00:01:54,480 Speaker 2: doubt in my mind, and I pray to God that 30 00:01:54,520 --> 00:01:57,160 Speaker 2: I'm wrong, but I know I'm not. Now the issue 31 00:01:57,200 --> 00:02:00,760 Speaker 2: comes down to, Okay, well, Democrats they don't want voter 32 00:02:00,880 --> 00:02:04,440 Speaker 2: ID why not. They don't want signature verification. But this 33 00:02:04,520 --> 00:02:08,880 Speaker 2: bill obviously now has become important and necessary amid this 34 00:02:09,080 --> 00:02:13,240 Speaker 2: flood of Joe Biden unvetted legal immigrants in the country 35 00:02:13,560 --> 00:02:17,639 Speaker 2: and Democrats fighting hard to allow illegal immigrants. I mean, 36 00:02:17,680 --> 00:02:20,239 Speaker 2: think about this. It makes no sense, does it. Why 37 00:02:20,240 --> 00:02:23,160 Speaker 2: would they be allowed to vote in any election? And 38 00:02:23,200 --> 00:02:25,160 Speaker 2: by the way, it's not just New York and DC. 39 00:02:25,360 --> 00:02:27,200 Speaker 2: Other parts of the country have been dealing with this 40 00:02:27,280 --> 00:02:31,000 Speaker 2: as well. Anyway, Congressman Ship Roy of Texas is back 41 00:02:31,040 --> 00:02:33,040 Speaker 2: with us congressmen. Great to have you, Thank you for 42 00:02:33,120 --> 00:02:35,400 Speaker 2: being with us. I can't even believe we're at a 43 00:02:35,400 --> 00:02:38,160 Speaker 2: point in this country where this has to be even 44 00:02:38,240 --> 00:02:41,440 Speaker 2: considered as law. I can't believe we're at a point 45 00:02:41,440 --> 00:02:45,160 Speaker 2: in this country where you need an ID, for example, 46 00:02:45,240 --> 00:02:47,160 Speaker 2: to go visit If I wanted to go visit you 47 00:02:47,240 --> 00:02:49,800 Speaker 2: in Congress, I'd need a picture ID to be able 48 00:02:49,840 --> 00:02:53,120 Speaker 2: to get in the capital. The last time I voted 49 00:02:53,240 --> 00:02:56,679 Speaker 2: before I exited New York and became a full time 50 00:02:56,720 --> 00:03:00,280 Speaker 2: resident of Florida this year. You know, sure enough, I've 51 00:03:00,320 --> 00:03:03,200 Speaker 2: walked in him. Mister Hannity, how are you? And I 52 00:03:03,240 --> 00:03:06,160 Speaker 2: start to pull out my wallet. Oh you don't need 53 00:03:06,240 --> 00:03:10,200 Speaker 2: an ID. I'm like, huh, figures right. Anyway, Chip Roy, 54 00:03:10,480 --> 00:03:12,640 Speaker 2: welcome back to the program. Tell us the status of 55 00:03:12,680 --> 00:03:14,359 Speaker 2: all this and what you're planning to do here? 56 00:03:15,400 --> 00:03:17,160 Speaker 4: Sean great to be on and yeah, you just laid 57 00:03:17,200 --> 00:03:20,000 Speaker 4: it out perfectly well as usual. And yesterday I just 58 00:03:20,040 --> 00:03:22,800 Speaker 4: wanted to say, was I think a really good day 59 00:03:23,200 --> 00:03:25,520 Speaker 4: for what I think ought to be a strong six 60 00:03:25,560 --> 00:03:29,240 Speaker 4: month run of Republicans demonstrating how radical and extreme the 61 00:03:29,280 --> 00:03:33,000 Speaker 4: radical progressive Democrat agenda really is. We had two things 62 00:03:33,080 --> 00:03:35,960 Speaker 4: yesterday one a press conference that you just described where 63 00:03:36,000 --> 00:03:39,080 Speaker 4: we put forward with Speaker Mike Johnson standing there with me, 64 00:03:39,480 --> 00:03:42,120 Speaker 4: Senator Mike Lee, who's doing the Senate version of the 65 00:03:42,120 --> 00:03:44,440 Speaker 4: bill you just described, which we call the Save Act, 66 00:03:44,800 --> 00:03:47,440 Speaker 4: which is designed to say that it will be federal 67 00:03:47,520 --> 00:03:53,280 Speaker 4: law to require proof of documentary proof of citizenship when 68 00:03:53,320 --> 00:03:56,880 Speaker 4: you register to vote in federal elections, and that we 69 00:03:56,960 --> 00:04:01,720 Speaker 4: want to make sure that only citizens are therefore able 70 00:04:01,760 --> 00:04:05,360 Speaker 4: to vote, and that states are able to enforce that law, 71 00:04:05,360 --> 00:04:08,640 Speaker 4: which currently they're not able to. There is a federal 72 00:04:08,720 --> 00:04:11,680 Speaker 4: law now that says that only citizens vote, but in 73 00:04:11,720 --> 00:04:15,360 Speaker 4: the motor voter laws, it prohibits the states from doing 74 00:04:15,400 --> 00:04:19,320 Speaker 4: the things necessary to check that citizenship, which is crazy. 75 00:04:19,800 --> 00:04:22,080 Speaker 4: We've had good bills to say that will allow states 76 00:04:22,120 --> 00:04:24,320 Speaker 4: to do it. This bill goes further because of the 77 00:04:24,360 --> 00:04:27,360 Speaker 4: times where we stand today to just say, look, it 78 00:04:27,440 --> 00:04:30,240 Speaker 4: is our duty in Congress to require that if you're 79 00:04:30,320 --> 00:04:32,440 Speaker 4: voting in the federal election, you're going to have to 80 00:04:32,480 --> 00:04:33,760 Speaker 4: show proof of citizenship. 81 00:04:33,920 --> 00:04:34,320 Speaker 5: That's it. 82 00:04:34,880 --> 00:04:37,760 Speaker 4: Guess what that is an eighty seven percent issue. If 83 00:04:37,760 --> 00:04:41,320 Speaker 4: you pull it like eighty percent of Democrats support that, Sean, 84 00:04:41,720 --> 00:04:44,320 Speaker 4: it's off the charts. So we put that out there. 85 00:04:44,520 --> 00:04:46,520 Speaker 4: I hope we can move that through the House. We're 86 00:04:46,520 --> 00:04:47,839 Speaker 4: going to try to do that in the next couple 87 00:04:47,880 --> 00:04:51,240 Speaker 4: of weeks, speak our jobs to demonstrating great leadership on 88 00:04:51,279 --> 00:04:53,760 Speaker 4: that point, and then hopefully we'll send it to the 89 00:04:53,760 --> 00:04:55,839 Speaker 4: Senate and see what they do. I mean, look, my 90 00:04:55,920 --> 00:04:58,160 Speaker 4: guess is they'll oppose it and not bring it up. 91 00:04:58,320 --> 00:05:01,360 Speaker 4: But you know what, good luck expl that. The second 92 00:05:01,360 --> 00:05:04,520 Speaker 4: thing that we did yesterday was we passed a bill 93 00:05:04,680 --> 00:05:07,680 Speaker 4: on the floor of the House to require that we 94 00:05:07,880 --> 00:05:12,800 Speaker 4: check citizenship status in the census, and then only US 95 00:05:13,080 --> 00:05:16,440 Speaker 4: citizens when we do ap portionment of our members of Congress. 96 00:05:17,000 --> 00:05:19,880 Speaker 4: Literally on a party line vote, two hundred and two 97 00:05:19,920 --> 00:05:22,360 Speaker 4: Democrats unanimously opposed, two. 98 00:05:22,320 --> 00:05:24,120 Speaker 2: Hundred and two to two hundred and six. You can't 99 00:05:24,120 --> 00:05:27,560 Speaker 2: get one Democrat, not one that supports us, not one. 100 00:05:28,440 --> 00:05:32,279 Speaker 4: It's shocking, but very revealing of the current state of 101 00:05:32,320 --> 00:05:35,960 Speaker 4: the radical progressive Democrats that has been frankly undermining every 102 00:05:36,000 --> 00:05:37,359 Speaker 4: bit of what we've been trying to do for the 103 00:05:37,400 --> 00:05:39,520 Speaker 4: last two years. I have been and we don't need 104 00:05:39,520 --> 00:05:41,960 Speaker 4: to get into this in detail. Obviously at times a 105 00:05:42,040 --> 00:05:45,440 Speaker 4: critic of Republicans not pushing harder at times, but I 106 00:05:45,480 --> 00:05:47,680 Speaker 4: want all the listeners, all the conservatives out there, to 107 00:05:47,760 --> 00:05:50,200 Speaker 4: understand we have helped the ball on our side of 108 00:05:50,200 --> 00:05:53,560 Speaker 4: the field, meaning we've had flat spending on non defense. 109 00:05:53,839 --> 00:05:57,080 Speaker 4: We increased defense spending by cutting the IRS. We ended 110 00:05:57,120 --> 00:06:00,520 Speaker 4: any discussion of amnesty. We moved at good borders causey Bill. 111 00:06:00,760 --> 00:06:04,040 Speaker 4: We now have passed these this legislations to try to 112 00:06:04,200 --> 00:06:06,559 Speaker 4: fix what's going on with our apportionment of our members 113 00:06:06,560 --> 00:06:09,240 Speaker 4: of Congress and by the way, the Electoral College for presidents. 114 00:06:09,560 --> 00:06:12,720 Speaker 4: And these radical progressive Democrats want none of it. They 115 00:06:12,839 --> 00:06:15,760 Speaker 4: blocked us at every turn. They stopped HR. Two, They 116 00:06:15,800 --> 00:06:19,039 Speaker 4: fought us on spending, they're fighting us on this common sense, 117 00:06:19,400 --> 00:06:22,679 Speaker 4: uh you know, proposal to make sure that our voting 118 00:06:22,760 --> 00:06:25,320 Speaker 4: rules are protected and to make sure that our apportionment 119 00:06:25,600 --> 00:06:27,880 Speaker 4: is for citizens only. This is the state of the 120 00:06:27,880 --> 00:06:28,960 Speaker 4: modern Democratic Party. 121 00:06:28,960 --> 00:06:33,200 Speaker 2: Show. So explain to me why anybody would be against us, 122 00:06:33,200 --> 00:06:36,920 Speaker 2: Because if you're not for election integrity laws as simple, 123 00:06:37,080 --> 00:06:40,720 Speaker 2: as basic and as fundamental as you are describing here, 124 00:06:41,560 --> 00:06:44,120 Speaker 2: there's got to be a reason for it. And I 125 00:06:44,120 --> 00:06:47,760 Speaker 2: would imagine that we're beginning to see that that reason 126 00:06:47,880 --> 00:06:51,360 Speaker 2: reveal itself. When you see radical Democrats in New York 127 00:06:51,400 --> 00:06:55,400 Speaker 2: City and d C and other other leftists havens around 128 00:06:55,400 --> 00:06:59,520 Speaker 2: the country as they unite together to allow illegal immigrants 129 00:06:59,520 --> 00:07:02,960 Speaker 2: to vote in local elections, because, as you rightly point out, 130 00:07:03,000 --> 00:07:05,720 Speaker 2: there is federal law that prevents them from voting from 131 00:07:06,160 --> 00:07:09,840 Speaker 2: in federal elections. But you know, you're taking this a 132 00:07:09,880 --> 00:07:12,360 Speaker 2: step further. You're saying, if you want to register to vote, 133 00:07:12,840 --> 00:07:15,640 Speaker 2: you've got to show that you're an American citizen. Why 134 00:07:15,720 --> 00:07:19,600 Speaker 2: is that so onerous? Why is that considered unfair? What 135 00:07:19,760 --> 00:07:22,600 Speaker 2: is their argument against that? Because why do I need 136 00:07:22,640 --> 00:07:26,000 Speaker 2: to show I'm you know, I'm not exactly eighteen years 137 00:07:26,000 --> 00:07:28,600 Speaker 2: old anymore, and I don't look like I'm eighteen years old, 138 00:07:29,120 --> 00:07:31,400 Speaker 2: and yet I have to show an idea if I'm 139 00:07:31,400 --> 00:07:33,280 Speaker 2: going to buy a jewel pod, or if I'm going 140 00:07:33,320 --> 00:07:36,720 Speaker 2: to buy a six pack of Corps light or whatever 141 00:07:36,760 --> 00:07:38,680 Speaker 2: else I might be drinking on any given day. 142 00:07:39,240 --> 00:07:42,560 Speaker 4: Yeah, Sean, look, I think what we're seeing is, remember, 143 00:07:42,640 --> 00:07:45,040 Speaker 4: if you go back in time, we had differences with 144 00:07:45,120 --> 00:07:48,960 Speaker 4: our Democratic colleagues, but you had Democrats like Barbara George Right, 145 00:07:49,080 --> 00:07:54,520 Speaker 4: a known civil rights champion and someone that broke ceilings 146 00:07:55,080 --> 00:07:59,960 Speaker 4: from Texas. Barbara Jordan's charity a Commission on Illegal immgrat 147 00:08:00,320 --> 00:08:03,840 Speaker 4: under President Clinton, in which she made very clear the 148 00:08:04,000 --> 00:08:07,000 Speaker 4: need for strong border security and to end the flow 149 00:08:07,040 --> 00:08:08,960 Speaker 4: of the legal immigration because it was bad for immigrants, 150 00:08:09,000 --> 00:08:12,000 Speaker 4: bad for America. We've had such a move away from 151 00:08:12,080 --> 00:08:16,920 Speaker 4: common sense by our Democratic colleagues. Democrats voted for the 152 00:08:17,120 --> 00:08:21,000 Speaker 4: law they currently exist. It says only citizens can vote. 153 00:08:21,600 --> 00:08:23,920 Speaker 4: But I bet if you held that vote today on 154 00:08:24,240 --> 00:08:28,560 Speaker 4: just that question, they would have problems getting any Democrats 155 00:08:28,600 --> 00:08:31,600 Speaker 4: to support it. We'll see, because obviously the overwhelming majority 156 00:08:31,600 --> 00:08:33,920 Speaker 4: of Americans support it. But they're so out of touch 157 00:08:34,000 --> 00:08:37,040 Speaker 4: because they don't believe in sovereignty, they don't believe in 158 00:08:37,120 --> 00:08:41,000 Speaker 4: American exceptionalism. They don't believe, frankly, that we should even 159 00:08:41,200 --> 00:08:45,360 Speaker 4: have a border at all. They don't believe we should 160 00:08:45,360 --> 00:08:47,800 Speaker 4: have fences and restrictions and ability to come into the 161 00:08:47,920 --> 00:08:50,400 Speaker 4: United States. And again I remind people out there who 162 00:08:50,440 --> 00:08:52,280 Speaker 4: I know. I've got a lot of my you know, faith, 163 00:08:52,720 --> 00:08:54,040 Speaker 4: people of faith who. 164 00:08:54,000 --> 00:08:54,520 Speaker 5: Are like Chip. 165 00:08:54,559 --> 00:08:56,040 Speaker 4: But you know, we got to make sure and everybody's 166 00:08:56,080 --> 00:08:57,840 Speaker 4: all and they're welcome. And we're a nation of immigrants, 167 00:08:57,960 --> 00:09:01,319 Speaker 4: I know. But guess what, fifty one and a half 168 00:09:01,720 --> 00:09:04,360 Speaker 4: million people in the United States today are foreign born. 169 00:09:04,840 --> 00:09:08,640 Speaker 4: We allow in about a million a year legally. This 170 00:09:08,960 --> 00:09:11,840 Speaker 4: trope that we're anti immigrant that don't allow immigrants come. 171 00:09:11,720 --> 00:09:13,760 Speaker 5: In is faith. It's not true. It's fake news. 172 00:09:14,280 --> 00:09:17,200 Speaker 4: The fact is we're a nationtive immigrants, but we're at 173 00:09:17,240 --> 00:09:19,800 Speaker 4: a point now where we're exploding the numbers of the 174 00:09:19,880 --> 00:09:22,680 Speaker 4: legal immigration. Known people who want to do us harm. 175 00:09:23,000 --> 00:09:26,040 Speaker 4: And now on this issue Democrats who want people to 176 00:09:26,160 --> 00:09:29,000 Speaker 4: come here and vote regardless of their citizenship, as you 177 00:09:29,080 --> 00:09:33,160 Speaker 4: pointed out in DC San Francisco Liberal Haven's that's what 178 00:09:33,280 --> 00:09:36,400 Speaker 4: they want. They're already doing it in state and local elections. 179 00:09:36,679 --> 00:09:38,839 Speaker 4: They want to do it in federal elections. And that's 180 00:09:38,920 --> 00:09:40,959 Speaker 4: why we have to act. We have a duty in 181 00:09:41,040 --> 00:09:44,719 Speaker 4: a republic. Texas has to protect our vote against the 182 00:09:44,840 --> 00:09:48,719 Speaker 4: radicals in San Francisco, and same Florida. You have to 183 00:09:48,800 --> 00:09:51,319 Speaker 4: protect against the radicals in your former state of New York. 184 00:09:51,800 --> 00:09:54,560 Speaker 2: All right, quick break right back more with Congressman ship 185 00:09:54,640 --> 00:09:56,760 Speaker 2: Royer Texas and then your calls on the other side 186 00:09:56,760 --> 00:09:58,440 Speaker 2: of eight one hundred and nine to four one Sean 187 00:09:58,480 --> 00:09:59,800 Speaker 2: if you want to be a part of the program. 188 00:10:01,760 --> 00:10:05,120 Speaker 2: We continue now with Congressman ship roy Great State of Texas, 189 00:10:05,800 --> 00:10:09,679 Speaker 2: you know, as I listened to you, what I like 190 00:10:09,760 --> 00:10:12,000 Speaker 2: about this issue, and I've talked a lot about ninety 191 00:10:12,120 --> 00:10:16,520 Speaker 2: ten or in this case, eighty seven thirteen issue, eighty 192 00:10:16,640 --> 00:10:19,840 Speaker 2: twenty issues, seventy five, twenty five issues. In other words, 193 00:10:20,360 --> 00:10:23,559 Speaker 2: on all of these important issues of the day. I 194 00:10:23,679 --> 00:10:26,599 Speaker 2: think it should be the business of the House to 195 00:10:26,720 --> 00:10:31,119 Speaker 2: put all of these issues before every Democrat and Republican 196 00:10:31,200 --> 00:10:35,120 Speaker 2: for that matter, because with all due respect, Congressman, you 197 00:10:35,200 --> 00:10:38,640 Speaker 2: have some weak rhino Republicans that I'm really fed up 198 00:10:38,679 --> 00:10:42,319 Speaker 2: and disgusted with among your coalition. I really am. You 199 00:10:42,400 --> 00:10:45,800 Speaker 2: were there the night it was after Mike Johnson mccame speaker. 200 00:10:46,160 --> 00:10:49,000 Speaker 2: I brought everybody together and I said, you're gonna succeed 201 00:10:49,120 --> 00:10:51,440 Speaker 2: together or you're going to fail together. And I wasn't 202 00:10:51,440 --> 00:10:54,160 Speaker 2: wrong in my prediction, but I would like to take 203 00:10:54,240 --> 00:10:58,720 Speaker 2: every major issue from immigration, voting integrity issues as you're 204 00:10:58,760 --> 00:11:02,240 Speaker 2: bringing up here. I want to talk about late term abortion, 205 00:11:02,800 --> 00:11:06,520 Speaker 2: taxpayer funded abortion. I want to talk about the economy 206 00:11:06,600 --> 00:11:10,359 Speaker 2: and balanced budgets. I want to talk about defund dismantle 207 00:11:10,720 --> 00:11:14,719 Speaker 2: no bail laws, et cetera, and put in support of 208 00:11:14,960 --> 00:11:18,120 Speaker 2: Israel's right to win the war against terrorism. That they're 209 00:11:18,160 --> 00:11:20,959 Speaker 2: now engaged in that Joe Biden has abandoned them on 210 00:11:21,720 --> 00:11:26,440 Speaker 2: and I'd like to get the Democrats on record before 211 00:11:27,160 --> 00:11:31,640 Speaker 2: the election on November fifth, which is really before November fifth, 212 00:11:31,679 --> 00:11:35,000 Speaker 2: because early voting, voting by mail begins, you know, god 213 00:11:35,160 --> 00:11:38,240 Speaker 2: knows how early this year. And we have all that 214 00:11:38,320 --> 00:11:40,640 Speaker 2: on Hannaday dot com. But I think there should be 215 00:11:40,679 --> 00:11:43,439 Speaker 2: a vote on every major issue so that the voters 216 00:11:43,480 --> 00:11:47,320 Speaker 2: are very aware, you know, where every every single candidate 217 00:11:47,440 --> 00:11:50,080 Speaker 2: stands on every single issue, Republican and Democrat. 218 00:11:50,559 --> 00:11:53,480 Speaker 4: Well, Sean, I could not agree more. This is why 219 00:11:53,520 --> 00:11:55,719 Speaker 4: I said, I think yesterday was a great day for 220 00:11:55,800 --> 00:11:58,880 Speaker 4: the next six months where we align and we do 221 00:11:59,000 --> 00:12:01,120 Speaker 4: what we need to do to strated the American people. 222 00:12:01,640 --> 00:12:04,640 Speaker 4: Where there is a clear line of distinction between our 223 00:12:05,000 --> 00:12:08,800 Speaker 4: Democratic colleagues and ourselves. Again, they are radical progressive Democrats 224 00:12:09,160 --> 00:12:11,640 Speaker 4: who want wide open borders, who don't mind underminding the 225 00:12:11,679 --> 00:12:14,320 Speaker 4: rule of law, who are fine putting criminals on the streets, 226 00:12:14,480 --> 00:12:17,280 Speaker 4: who undermine the police at every turn, who spend money 227 00:12:17,320 --> 00:12:20,200 Speaker 4: at every turn, who want to increase your taxes, who 228 00:12:20,240 --> 00:12:21,640 Speaker 4: want all to good on the list, all of the 229 00:12:21,679 --> 00:12:24,400 Speaker 4: woke stuff, undermining the military, all the vans. They are 230 00:12:24,520 --> 00:12:26,719 Speaker 4: radically opposed to your way of life if you're a 231 00:12:26,760 --> 00:12:30,240 Speaker 4: hard working American. They're forgiving student loans. They're fueling all 232 00:12:30,280 --> 00:12:32,319 Speaker 4: of this nonsense and the hatred and anti semitism on 233 00:12:32,320 --> 00:12:32,720 Speaker 4: our campus. 234 00:12:32,760 --> 00:12:35,040 Speaker 2: By the way, didn't we have a Supreme Court ruling 235 00:12:35,120 --> 00:12:37,599 Speaker 2: on the issue of student loans? I mean, don't we 236 00:12:37,679 --> 00:12:40,880 Speaker 2: have laws that Joe Biden is not enforcing on the border. 237 00:12:41,120 --> 00:12:44,280 Speaker 2: How is he getting away with all of that? Well, 238 00:12:44,400 --> 00:12:46,800 Speaker 2: and parties getting away with it because you have weak 239 00:12:46,880 --> 00:12:49,640 Speaker 2: Republicans that won't stand on principle on a lot of 240 00:12:49,679 --> 00:12:53,559 Speaker 2: these issues, haven't supported people like Jim Jordan and James 241 00:12:53,640 --> 00:12:58,440 Speaker 2: Comer and their investigations and the work that they've been doing. Obviously, 242 00:12:58,880 --> 00:13:01,520 Speaker 2: you know, I think it's cleared the quid pro quote 243 00:13:01,600 --> 00:13:05,360 Speaker 2: with Joe and Brie. Well, why would a vice president 244 00:13:05,520 --> 00:13:09,480 Speaker 2: go against the administration policy leverage a billion taxpayer dollars 245 00:13:10,120 --> 00:13:13,120 Speaker 2: to get a prosecutor in Ukraine fired unless you find 246 00:13:13,160 --> 00:13:16,800 Speaker 2: out that his drug addict son, who has no experience 247 00:13:17,600 --> 00:13:20,760 Speaker 2: in oil energy gas coal of Ukraine, is getting paid 248 00:13:20,800 --> 00:13:24,839 Speaker 2: millions by a big oil conglomerate in Ukraine. I mean, 249 00:13:24,960 --> 00:13:27,440 Speaker 2: all of this stuff should be no brainers for Republicans. 250 00:13:27,520 --> 00:13:29,760 Speaker 2: But you know what, you have a coalition there of 251 00:13:29,880 --> 00:13:31,640 Speaker 2: left wing Republicans that are no help. 252 00:13:32,880 --> 00:13:35,199 Speaker 4: No, that's exactly right, and that's an important point without 253 00:13:35,440 --> 00:13:37,560 Speaker 4: going too far backwards, because we need to look forwards 254 00:13:37,600 --> 00:13:40,600 Speaker 4: and beating Democrats. But this is where it's some degree vote. 255 00:13:40,640 --> 00:13:45,040 Speaker 4: Kevin McCarthy and Mike Johnson's hands are certainly, if not tied, 256 00:13:45,080 --> 00:13:47,840 Speaker 4: they were undermined by certain members of the conference who 257 00:13:47,960 --> 00:13:49,640 Speaker 4: just vote the wrong way. Let me give you an example. 258 00:13:49,920 --> 00:13:53,120 Speaker 4: We forced all those votes last year on appropriation bills. 259 00:13:53,160 --> 00:13:55,480 Speaker 4: We were changing the House in a good way. One 260 00:13:55,520 --> 00:13:58,079 Speaker 4: of the votes we had in September was when we've 261 00:13:58,160 --> 00:14:01,440 Speaker 4: had a vote on defunding UNRUH entirely now we had 262 00:14:01,520 --> 00:14:03,520 Speaker 4: worked into the base that a language I put forward 263 00:14:03,559 --> 00:14:06,120 Speaker 4: to undo a lot of unresdamaged. But we had a 264 00:14:06,280 --> 00:14:09,520 Speaker 4: full defund vote three weeks before, less than three weeks 265 00:14:09,559 --> 00:14:12,160 Speaker 4: before to ten to seven the October seventh attacks on 266 00:14:12,280 --> 00:14:16,000 Speaker 4: our friends in Israel. Eight Republicans voted against that. There 267 00:14:16,040 --> 00:14:18,680 Speaker 4: are numerous examples I could give me sean where we're 268 00:14:18,720 --> 00:14:22,000 Speaker 4: trying to fight to actually wrestle control of the party 269 00:14:22,080 --> 00:14:24,960 Speaker 4: back away from the Unit Party and some weak Republicans. 270 00:14:25,240 --> 00:14:28,840 Speaker 4: The bottom line is they answer your question. Until Republicans 271 00:14:28,880 --> 00:14:31,400 Speaker 4: figure out that you have to unite to use the 272 00:14:31,480 --> 00:14:34,560 Speaker 4: power of the purse to force change from an executive 273 00:14:34,600 --> 00:14:37,200 Speaker 4: branch that's not following your rules or following what you 274 00:14:37,320 --> 00:14:39,520 Speaker 4: put forward to following the law, then you're never going 275 00:14:39,600 --> 00:14:42,960 Speaker 4: to change it. Anthony and Scalia gave a great speech 276 00:14:43,040 --> 00:14:44,760 Speaker 4: on this, and I'm happy to send it to you 277 00:14:45,200 --> 00:14:47,520 Speaker 4: where he made this whole point. When people are complaining 278 00:14:47,520 --> 00:14:49,600 Speaker 4: about the Court not fixing some things, he ses, Look, 279 00:14:49,920 --> 00:14:52,600 Speaker 4: we can fix certain things when it's a violation of law, 280 00:14:53,040 --> 00:14:56,320 Speaker 4: but Congress has to flex its muscle to stop an 281 00:14:56,360 --> 00:14:57,760 Speaker 4: executive branches out of control. 282 00:14:57,920 --> 00:14:58,880 Speaker 5: So here we are. 283 00:14:59,200 --> 00:15:02,480 Speaker 4: We're putting four now great legislation on making sure only 284 00:15:02,560 --> 00:15:05,680 Speaker 4: citizens can vote. We're going to keep pushing that issue. 285 00:15:05,880 --> 00:15:08,560 Speaker 4: We're going to keep pushing border security. We have the 286 00:15:08,640 --> 00:15:11,320 Speaker 4: spending fight here in for the fiscal twenty five. We 287 00:15:11,520 --> 00:15:14,080 Speaker 4: probably need to kick a cr into next year so 288 00:15:14,240 --> 00:15:17,040 Speaker 4: we can focus on getting President Trump elected and then 289 00:15:17,160 --> 00:15:19,800 Speaker 4: fix all of this. Then, well that's where the clock is. 290 00:15:19,920 --> 00:15:20,040 Speaker 5: Now. 291 00:15:20,400 --> 00:15:23,280 Speaker 2: You got one hundred and seventy nine days. Congressmen, work hard. 292 00:15:23,360 --> 00:15:27,720 Speaker 2: We need you. We appreciate your time, said Congressman Ship Roy, Texas. 293 00:15:27,840 --> 00:15:30,520 Speaker 2: Thank you, sir. Eight hundred and nine to four one, 294 00:15:30,560 --> 00:15:31,880 Speaker 2: Shawn is a number. If you want to be a 295 00:15:31,920 --> 00:15:35,480 Speaker 2: part of the program, you are listening to the best 296 00:15:35,560 --> 00:15:36,760 Speaker 2: of the Sean Hannity shows. 297 00:15:38,640 --> 00:15:43,640 Speaker 1: Sean Hannity always concerned for our country, always honoring our 298 00:15:43,760 --> 00:15:49,080 Speaker 1: servicemen and service women, and standing up for liberty every day. 299 00:15:50,720 --> 00:15:53,320 Speaker 2: I go back to this issue as Joe Biden. You know, 300 00:15:53,440 --> 00:15:56,600 Speaker 2: it's really frustrating to me. It's just outright lying. It's 301 00:15:56,600 --> 00:16:01,480 Speaker 2: sort of like him saying the border is secure, is closed. No, 302 00:16:01,640 --> 00:16:04,840 Speaker 2: it's Trump fault three years later, No, it's Biden. They 303 00:16:04,880 --> 00:16:08,080 Speaker 2: were bragging about everything they've done, and it's a disaster, 304 00:16:08,800 --> 00:16:12,160 Speaker 2: just like you know, defund dismantle, no bail laws are 305 00:16:12,320 --> 00:16:16,840 Speaker 2: a disaster, just like the economy has been a disaster, 306 00:16:17,160 --> 00:16:20,280 Speaker 2: just like foreign policy is a disaster. Anyway. You know, 307 00:16:20,400 --> 00:16:23,760 Speaker 2: he's so clueless and out of touch, you know, after 308 00:16:23,920 --> 00:16:27,800 Speaker 2: being told that grocery prices are up thirty percent, a 309 00:16:27,920 --> 00:16:30,720 Speaker 2: very rare sit down interview became a disaster for him 310 00:16:31,080 --> 00:16:33,720 Speaker 2: on fake news CNN. And by the way, even Aaron 311 00:16:33,760 --> 00:16:39,000 Speaker 2: Burnett didn't actually have the nicest things to say about 312 00:16:39,080 --> 00:16:42,720 Speaker 2: Joe Biden, which I thought was pretty interesting. But anyway, 313 00:16:42,880 --> 00:16:46,480 Speaker 2: this is Joey, your president, trying to put a positive 314 00:16:46,560 --> 00:16:50,720 Speaker 2: spin on the economy, and it just shows how clueless 315 00:16:50,840 --> 00:16:55,040 Speaker 2: and out of touch he is. And remember inflation in 316 00:16:55,120 --> 00:16:57,800 Speaker 2: the last two months, CPI numbers went up three point 317 00:16:57,880 --> 00:17:01,160 Speaker 2: two percent year over year and three point five percent 318 00:17:01,280 --> 00:17:04,960 Speaker 2: up year over year. Okay, what does that mean? Inflation 319 00:17:05,600 --> 00:17:08,080 Speaker 2: is not going down. That's three and a half percent 320 00:17:08,280 --> 00:17:11,359 Speaker 2: up from last year year over year. And you know 321 00:17:11,560 --> 00:17:16,000 Speaker 2: he inherited inflation rated of one point four percent. But anyway, 322 00:17:16,200 --> 00:17:18,760 Speaker 2: he's not living in the real world. Listen, you're aware 323 00:17:18,800 --> 00:17:19,520 Speaker 2: of many of these. 324 00:17:19,560 --> 00:17:21,480 Speaker 6: Of course, the cost of buying a home in the 325 00:17:21,600 --> 00:17:23,800 Speaker 6: United States is double what it was when you look 326 00:17:23,800 --> 00:17:26,919 Speaker 6: at your monthly costs from before the pandemic. Real income 327 00:17:27,400 --> 00:17:30,760 Speaker 6: when you account for inflation, is actually down since you 328 00:17:30,840 --> 00:17:34,440 Speaker 6: took office, Economic growth last week far short of expectations. 329 00:17:34,760 --> 00:17:38,960 Speaker 6: Consumer confidence, maybe no surprise, is near a two year low. 330 00:17:39,720 --> 00:17:42,720 Speaker 6: With less than six months to go to election day. 331 00:17:43,320 --> 00:17:45,560 Speaker 6: Are you worried that you're running out of time to 332 00:17:45,640 --> 00:17:46,359 Speaker 6: turn that around. 333 00:17:46,800 --> 00:17:49,160 Speaker 7: We've already turned it around. We have the strongest economy 334 00:17:49,240 --> 00:17:52,639 Speaker 7: in the world. We say it again in the world. 335 00:17:52,920 --> 00:17:56,400 Speaker 6: Although GDP last week was far short of expectations. 336 00:17:55,760 --> 00:17:59,000 Speaker 7: Always look, GDP is still grown looking the response to 337 00:17:59,080 --> 00:17:59,560 Speaker 7: the markets. 338 00:18:00,119 --> 00:18:00,960 Speaker 2: But there's real pain. 339 00:18:01,080 --> 00:18:04,840 Speaker 6: I mean, grocery prices are up thirty percent, more than 340 00:18:04,880 --> 00:18:08,680 Speaker 6: thirty percent since the beginning of the pandemic, and people 341 00:18:08,680 --> 00:18:10,560 Speaker 6: are spending more on food and groceries than they have 342 00:18:10,600 --> 00:18:12,600 Speaker 6: at any time really in the past thirty years. I mean, 343 00:18:13,119 --> 00:18:15,240 Speaker 6: that's a real day to day pain that people. 344 00:18:17,200 --> 00:18:21,200 Speaker 7: It really is, and it's freeo. The fact is that 345 00:18:22,280 --> 00:18:23,880 Speaker 7: if you take a look at what them, then people 346 00:18:24,000 --> 00:18:25,359 Speaker 7: have they have the money to spend. 347 00:18:25,960 --> 00:18:28,480 Speaker 2: And I played this earlier, but it's worth playing it again. 348 00:18:28,680 --> 00:18:31,800 Speaker 2: David Axerod keeps saying, oh, well, the economy improved. He 349 00:18:31,880 --> 00:18:35,480 Speaker 2: doesn't even believe that. But he's saying that he's out 350 00:18:35,520 --> 00:18:38,520 Speaker 2: of touch with the American people, and this pride of 351 00:18:38,680 --> 00:18:41,800 Speaker 2: his may cost Biden the election. That part interests me. 352 00:18:42,000 --> 00:18:45,080 Speaker 8: Listen, that's not the way people are experiencing the economy. 353 00:18:45,280 --> 00:18:49,960 Speaker 8: They're experiencing it through the lens of the cost of living. 354 00:18:50,480 --> 00:18:54,120 Speaker 8: And he is a man who's built his career on empathy. 355 00:18:55,320 --> 00:18:58,480 Speaker 8: Where is why not lead with the empathy? And I 356 00:18:58,560 --> 00:19:01,479 Speaker 8: think he's making a terrible miss. You know, it may 357 00:19:01,560 --> 00:19:03,919 Speaker 8: not be if he doesn't win this race. It may 358 00:19:03,960 --> 00:19:05,879 Speaker 8: not be Donald Trump that beats him. It may be 359 00:19:06,000 --> 00:19:06,760 Speaker 8: his own pride. 360 00:19:07,160 --> 00:19:10,159 Speaker 2: And John King pointing out that Biden better be careful 361 00:19:10,280 --> 00:19:13,080 Speaker 2: with all those positive economic talk. They have tried this 362 00:19:13,240 --> 00:19:17,720 Speaker 2: Biden Bidenomics game forever. Let me, let's push Bidenomics. Let's 363 00:19:17,720 --> 00:19:20,080 Speaker 2: push We're not going to talk about Bidenomics anymore. No, 364 00:19:20,200 --> 00:19:23,600 Speaker 2: let's go back to Bidenomics anyway. Here's even John King 365 00:19:23,840 --> 00:19:24,800 Speaker 2: trying to warn him. 366 00:19:25,000 --> 00:19:28,000 Speaker 9: I can tell you from my travels eight months now 367 00:19:28,440 --> 00:19:30,800 Speaker 9: nited states now he has to be careful with that. 368 00:19:31,560 --> 00:19:33,639 Speaker 2: And this says he's right, and when he cites the statistics, 369 00:19:33,680 --> 00:19:34,000 Speaker 2: he is right. 370 00:19:34,000 --> 00:19:36,600 Speaker 9: When he says, to the Michigan Consumer Confidence survey, sixty 371 00:19:36,640 --> 00:19:38,840 Speaker 9: five percent say they're doing better off, guess what the 372 00:19:38,920 --> 00:19:39,920 Speaker 9: thirty five percent who don't. 373 00:19:39,920 --> 00:19:41,520 Speaker 2: A lot of those are his voters. They should be 374 00:19:41,600 --> 00:19:42,040 Speaker 2: his voters. 375 00:19:42,040 --> 00:19:44,320 Speaker 9: When you travel the cost of living we're in Michigan, 376 00:19:44,400 --> 00:19:46,200 Speaker 9: we met with those younger voters. We also are starting 377 00:19:46,240 --> 00:19:48,320 Speaker 9: to put together a group of autoworkers. Their union has 378 00:19:48,400 --> 00:19:50,480 Speaker 9: endorsed Biden. Most of them are going to vote for Biden. 379 00:19:50,720 --> 00:19:53,080 Speaker 9: But you ask them what life is like, and they 380 00:19:53,119 --> 00:19:55,679 Speaker 9: can't buy a bigger house because of mortgage rates. They 381 00:19:55,760 --> 00:19:58,920 Speaker 9: still when you talk about grocery prices, and so the 382 00:19:58,960 --> 00:20:02,280 Speaker 9: president has to be careful. That sounds like somebody in 383 00:20:02,359 --> 00:20:05,560 Speaker 9: Washington telling people you're wrong and whatever your party is, 384 00:20:06,080 --> 00:20:07,360 Speaker 9: photostope process. 385 00:20:07,080 --> 00:20:08,800 Speaker 2: It that way. They don't like that, all right. Joining 386 00:20:08,880 --> 00:20:11,159 Speaker 2: us now in the real state of the economy, Vance 387 00:20:11,359 --> 00:20:15,080 Speaker 2: Jin is with us, former chief economists for the Office 388 00:20:15,119 --> 00:20:18,440 Speaker 2: of Management and Budget, currently founder and president of GIN 389 00:20:18,680 --> 00:20:23,560 Speaker 2: Economic Consulting, host of Let the People Prosper podcast. Our 390 00:20:23,640 --> 00:20:27,560 Speaker 2: friend EJ and Tony public finance economists at the Heritage Foundation. 391 00:20:28,440 --> 00:20:31,040 Speaker 2: Welcome both of you. You know, you would think EJ, 392 00:20:31,359 --> 00:20:35,040 Speaker 2: with all the bad news and inflationary pressures coming back 393 00:20:35,119 --> 00:20:40,359 Speaker 2: in dramatic ways, and all those expected rate reductions that 394 00:20:40,560 --> 00:20:43,600 Speaker 2: are not going to happen or materialize, and the soft 395 00:20:43,720 --> 00:20:47,280 Speaker 2: landing that's not materializing, you would think that Joe would 396 00:20:47,280 --> 00:20:49,520 Speaker 2: have gotten the message by now. But apparently, I guess 397 00:20:49,600 --> 00:20:51,639 Speaker 2: the people around them are too gutless to tell them 398 00:20:51,680 --> 00:20:54,680 Speaker 2: the truth about the economy well sewn. 399 00:20:54,800 --> 00:20:56,920 Speaker 5: Either that or they've told him time and time again, 400 00:20:57,000 --> 00:20:59,600 Speaker 5: and the old man just can't remember. I mean, honestly, 401 00:21:00,200 --> 00:21:02,320 Speaker 5: I don't know what is worth what is worse? Is 402 00:21:02,400 --> 00:21:05,760 Speaker 5: the president just senile and doesn't remember the facts, or 403 00:21:05,960 --> 00:21:08,679 Speaker 5: is he just a complete and total liar. I mean, 404 00:21:09,000 --> 00:21:12,320 Speaker 5: you outlined it very well already, Sean, where inflation actually 405 00:21:12,600 --> 00:21:15,119 Speaker 5: was one point four percent. It didn't get up to 406 00:21:15,320 --> 00:21:18,399 Speaker 5: nine percent until a year and a half into his presidency. 407 00:21:18,440 --> 00:21:22,120 Speaker 5: And by the way, President Trump handed Biden in economy 408 00:21:22,240 --> 00:21:25,960 Speaker 5: growing at a one point five trillion dollar annualized rate. 409 00:21:26,320 --> 00:21:29,520 Speaker 5: By the time Biden managed to achieve that nine percent 410 00:21:29,880 --> 00:21:34,159 Speaker 5: annual inflation rate, he had turned that into two consecutive 411 00:21:34,560 --> 00:21:38,280 Speaker 5: negative quarters of economic growth, in other words, of recession. 412 00:21:38,560 --> 00:21:42,640 Speaker 2: Yeah, hey, Vance, let me ask you, what's your take 413 00:21:42,720 --> 00:21:46,520 Speaker 2: on all this happy talk? And do you agree with 414 00:21:46,680 --> 00:21:49,440 Speaker 2: even Axelrod and John King that you know he better 415 00:21:49,480 --> 00:21:52,359 Speaker 2: be careful. This is the American people living a very 416 00:21:52,480 --> 00:21:56,000 Speaker 2: different reality. Sixty percent of Americans living paycheck to paycheck, 417 00:21:56,359 --> 00:21:58,080 Speaker 2: and then we learned about a week and a half 418 00:21:58,160 --> 00:22:01,280 Speaker 2: ago that about twenty six percent of Americans in the 419 00:22:01,440 --> 00:22:05,840 Speaker 2: last year have struggled to even put food on their table, 420 00:22:06,560 --> 00:22:09,480 Speaker 2: the worst of any of the G seven nations. I mean, 421 00:22:09,840 --> 00:22:13,600 Speaker 2: that ought to shock the spide and soul of anybody 422 00:22:13,720 --> 00:22:14,480 Speaker 2: that cares. 423 00:22:14,720 --> 00:22:15,240 Speaker 5: Well it should. 424 00:22:15,280 --> 00:22:17,240 Speaker 10: It's a pleasure to be with you, Sean, and I 425 00:22:17,320 --> 00:22:19,000 Speaker 10: think you all are exactly right. What you are talking 426 00:22:19,000 --> 00:22:20,920 Speaker 10: about here is that the president is just on a 427 00:22:21,000 --> 00:22:23,520 Speaker 10: different planet. He doesn't see exactly what's going on in 428 00:22:23,600 --> 00:22:25,560 Speaker 10: the economy. I know they've got to talk up the 429 00:22:25,600 --> 00:22:29,240 Speaker 10: economy as much as possible, given Bidenomics and everything else, 430 00:22:29,320 --> 00:22:32,520 Speaker 10: but the fact is that this is a dismal economy. 431 00:22:32,640 --> 00:22:36,680 Speaker 10: Whatever you have, real meaning inflation adjusted person power or 432 00:22:36,760 --> 00:22:40,359 Speaker 10: average weekly earnings are down about four percent since Biden 433 00:22:40,400 --> 00:22:43,200 Speaker 10: took office. People can't keep up with everything that's going 434 00:22:43,240 --> 00:22:45,480 Speaker 10: on around them, and it's just one thing after another. 435 00:22:45,560 --> 00:22:47,520 Speaker 10: They don't have enough in savings to pay for a 436 00:22:47,600 --> 00:22:50,640 Speaker 10: rainy day or get their tires fixed. And so while 437 00:22:50,640 --> 00:22:53,200 Speaker 10: they like to tout the jobs numbers that keep coming out, 438 00:22:53,240 --> 00:22:56,119 Speaker 10: and of course they keep being revised down lower, and 439 00:22:56,200 --> 00:22:58,840 Speaker 10: then they'll say, you know, the unemployer RaSE three point 440 00:22:58,920 --> 00:23:02,080 Speaker 10: nine percent. It's been below four percent for so many months. 441 00:23:02,359 --> 00:23:05,280 Speaker 10: But yeah, if you include the layor force participation rate 442 00:23:05,720 --> 00:23:08,560 Speaker 10: that is lower. Even compared to February of twenty twenty, 443 00:23:09,240 --> 00:23:12,200 Speaker 10: the unemployee would be higher than five percent culture to 444 00:23:12,240 --> 00:23:15,040 Speaker 10: six percent. So this is not a good economy. High inflation, 445 00:23:15,400 --> 00:23:18,399 Speaker 10: a stagnating economic growth. So it's a period of stagflation 446 00:23:18,800 --> 00:23:21,040 Speaker 10: that is going to continue because of the big government 447 00:23:21,080 --> 00:23:23,800 Speaker 10: spending policies out of DC and it's out a reserve 448 00:23:23,920 --> 00:23:26,440 Speaker 10: printing more money than what they know what to do with. 449 00:23:26,640 --> 00:23:28,600 Speaker 10: So this is a bad situation for Americans. 450 00:23:29,440 --> 00:23:31,840 Speaker 2: I'm glad you said stagflation because I think I'm the 451 00:23:31,920 --> 00:23:33,960 Speaker 2: only one that's been saying we're in a period of 452 00:23:34,000 --> 00:23:38,560 Speaker 2: stagflation because we are. And I look, I'm not the 453 00:23:38,640 --> 00:23:41,240 Speaker 2: expert on the economy. Both of you are. This is 454 00:23:41,320 --> 00:23:45,520 Speaker 2: your business, however instinctively, and I understand you could never 455 00:23:45,680 --> 00:23:48,200 Speaker 2: time the markets. If you try to, you're being stupid. 456 00:23:49,040 --> 00:23:52,920 Speaker 2: I think wealth preservation for many people is way more 457 00:23:53,320 --> 00:23:56,240 Speaker 2: important than maybe a higher rate of return that they 458 00:23:56,359 --> 00:23:59,199 Speaker 2: might get investing in the stock market or what they 459 00:23:59,280 --> 00:24:03,399 Speaker 2: might have gotten in recent years. But I just in 460 00:24:03,520 --> 00:24:07,399 Speaker 2: my gut, I have a feeling that we are headed 461 00:24:07,480 --> 00:24:10,720 Speaker 2: for a massive correction and I think things are going 462 00:24:10,760 --> 00:24:15,480 Speaker 2: to get worse. The inversion scares me, Eja, and I 463 00:24:15,560 --> 00:24:17,800 Speaker 2: don't know when it's going to happen, but I'm pretty 464 00:24:17,840 --> 00:24:20,400 Speaker 2: certain it's gonna happen. Do you agree or disagree? 465 00:24:21,520 --> 00:24:23,880 Speaker 5: Sean, I agree, and I think a lot of other 466 00:24:23,960 --> 00:24:26,720 Speaker 5: investors do too. And this is a big reason why 467 00:24:27,560 --> 00:24:31,040 Speaker 5: what you would normally see as typical flights to safety 468 00:24:31,200 --> 00:24:34,840 Speaker 5: things like gold, have been on an absolute pair this year. 469 00:24:35,160 --> 00:24:38,360 Speaker 5: A lot of people have lost confidence in this economy, 470 00:24:38,680 --> 00:24:42,200 Speaker 5: in the government, in the market, etc. And so they're 471 00:24:42,240 --> 00:24:45,040 Speaker 5: not as concerned as you were saying. They're not as 472 00:24:45,160 --> 00:24:48,680 Speaker 5: concerned with a return on investment. They're more so concerned 473 00:24:48,880 --> 00:24:51,440 Speaker 5: with just trying to preserve their wealth because you have 474 00:24:51,640 --> 00:24:56,920 Speaker 5: this dual threat today of low economic growth and also inflation. 475 00:24:57,640 --> 00:25:01,280 Speaker 5: As you said, this is the stag fl recipes that 476 00:25:01,520 --> 00:25:05,159 Speaker 5: was so detrimental to investors in the nineteen seventies, and 477 00:25:05,280 --> 00:25:07,800 Speaker 5: it's coming back to bite us today. You know, in 478 00:25:07,920 --> 00:25:11,560 Speaker 5: most of the nineteen seventy sean investors saw a huge 479 00:25:11,920 --> 00:25:15,560 Speaker 5: positive rate of return, at least nominally, but then once 480 00:25:15,640 --> 00:25:19,320 Speaker 5: you took out inflation, it was it was deeply, deeply negative. 481 00:25:19,720 --> 00:25:21,600 Speaker 2: You know, Van's let me ask you this, because I 482 00:25:21,800 --> 00:25:25,600 Speaker 2: reduced my exposure to the market as much as I 483 00:25:25,760 --> 00:25:30,600 Speaker 2: possibly could without penalty. As you know, you can move 484 00:25:31,640 --> 00:25:34,159 Speaker 2: money out of the stock market or funds that you 485 00:25:34,240 --> 00:25:38,040 Speaker 2: might be a part of into treasuries which were you know, 486 00:25:38,359 --> 00:25:41,320 Speaker 2: one two year treasuries paying what a little over five 487 00:25:41,400 --> 00:25:44,520 Speaker 2: percent of the time. I'll take five percent in terms 488 00:25:44,560 --> 00:25:47,520 Speaker 2: of a return on my money, but knowing it's safe 489 00:25:48,119 --> 00:25:51,800 Speaker 2: over risking what I think could likely happen, maybe sooner 490 00:25:51,880 --> 00:25:54,680 Speaker 2: than later, which is a major correction in the stock market. 491 00:25:55,520 --> 00:25:56,680 Speaker 2: And I mean a major one. 492 00:25:57,119 --> 00:25:59,119 Speaker 4: Yeah, I think you're right, Sean. And one thing you 493 00:25:59,200 --> 00:26:01,840 Speaker 4: want to look at is the ratios price earning ratios, 494 00:26:01,840 --> 00:26:05,280 Speaker 4: which are still well above historical norms, and so we are. 495 00:26:05,280 --> 00:26:07,520 Speaker 10: Due for what I believe to be a major correction. 496 00:26:07,960 --> 00:26:10,040 Speaker 10: And we've been propped up here and there, and every 497 00:26:10,119 --> 00:26:13,760 Speaker 10: time that Jerome Pallett the FED talks, you see wild 498 00:26:13,960 --> 00:26:17,280 Speaker 10: variation volatility in the stock market. And this is what 499 00:26:17,400 --> 00:26:21,440 Speaker 10: happens whenever you have government is basically controlling the economy 500 00:26:21,560 --> 00:26:26,000 Speaker 10: through government spending, through taxes, through regulations, and through money printing. 501 00:26:26,400 --> 00:26:30,119 Speaker 10: This is a socialist economy that creates a situation of 502 00:26:30,280 --> 00:26:33,720 Speaker 10: less economic growth and higher inflation and people having so 503 00:26:33,840 --> 00:26:37,600 Speaker 10: much uncertainty about the economy, whether they're businesses, whether they're 504 00:26:37,600 --> 00:26:39,680 Speaker 10: going to continue to advance and be able to hire 505 00:26:39,760 --> 00:26:42,639 Speaker 10: workers or from your point about the amount of returns 506 00:26:42,680 --> 00:26:44,600 Speaker 10: they're going to get on their investments. And one thing 507 00:26:44,640 --> 00:26:46,680 Speaker 10: I would say also about the economy and the labor 508 00:26:46,720 --> 00:26:50,480 Speaker 10: market is while nonfarm employment has continued to increase over 509 00:26:50,520 --> 00:26:54,040 Speaker 10: the last year, the household employment is essentially flat. It's 510 00:26:54,080 --> 00:26:56,960 Speaker 10: been down for the last five months. So we're already 511 00:26:56,960 --> 00:27:00,480 Speaker 10: starting to see the slow down in economic activity getting 512 00:27:00,480 --> 00:27:02,480 Speaker 10: Americans hard across the economy. 513 00:27:03,400 --> 00:27:05,520 Speaker 2: Yeah, and it's hurting a lot of people that I know. 514 00:27:06,119 --> 00:27:08,439 Speaker 2: All right, quick break right back more with Van Skin 515 00:27:08,800 --> 00:27:11,119 Speaker 2: on the other side as well as Ejntoni. We'll get 516 00:27:11,119 --> 00:27:12,880 Speaker 2: to your calls coming up as well. Eight one hundred 517 00:27:12,920 --> 00:27:15,479 Speaker 2: and ninety four one Sean, if you want to join us, 518 00:27:16,320 --> 00:27:19,840 Speaker 2: all right, we continue our economic gurus. Van Skin is 519 00:27:19,880 --> 00:27:23,200 Speaker 2: with us at as well as Hejntni. Here's the most 520 00:27:23,240 --> 00:27:26,760 Speaker 2: frightening thing. Let me play for you this guy Jared Bernstein, 521 00:27:26,760 --> 00:27:30,280 Speaker 2: who's the chairman of the Council of Economic Advisors. By 522 00:27:30,320 --> 00:27:34,400 Speaker 2: the way, he doesn't have any background educationally in the economy, 523 00:27:34,800 --> 00:27:36,600 Speaker 2: all right, just just put that out there. He's the 524 00:27:36,640 --> 00:27:42,280 Speaker 2: White House Council of Economic Advisor's chair and anyway, he 525 00:27:42,440 --> 00:27:45,359 Speaker 2: was interviewed for a new film called Finding the Money, 526 00:27:45,960 --> 00:27:49,000 Speaker 2: and it's a documentary, and he said, the US government 527 00:27:49,119 --> 00:27:53,680 Speaker 2: can't go bankrupt and because we print money. His ignorant level, 528 00:27:54,080 --> 00:27:57,320 Speaker 2: his ignorance level is so high. I'm shocked, EJ. 529 00:27:57,520 --> 00:27:59,920 Speaker 6: Listen to this, Like you said, they print the dollars, 530 00:28:00,040 --> 00:28:02,520 Speaker 6: So why why does the government even borrow? 531 00:28:03,200 --> 00:28:03,440 Speaker 2: Well? 532 00:28:06,119 --> 00:28:10,639 Speaker 11: The uh so the I mean again, some of this 533 00:28:10,720 --> 00:28:15,080 Speaker 11: stuff gets some of the language that the some of 534 00:28:15,119 --> 00:28:17,119 Speaker 11: the language and concepts are just confusing. I mean, the 535 00:28:17,200 --> 00:28:21,200 Speaker 11: government definitely prints money, and it definitely lends that money. 536 00:28:21,359 --> 00:28:24,600 Speaker 11: Which is why the government definitely prints money. And then 537 00:28:24,640 --> 00:28:27,960 Speaker 11: it lends that money by by selling bonds. 538 00:28:28,720 --> 00:28:31,280 Speaker 2: Is that what they do? They they. 539 00:28:32,840 --> 00:28:38,040 Speaker 11: They yeah, they they they sell bonds. Yeah, they sell bonds, right, 540 00:28:38,160 --> 00:28:40,040 Speaker 11: since they sell bonds and people buy the bonds and 541 00:28:40,120 --> 00:28:40,760 Speaker 11: lend them the money. 542 00:28:41,000 --> 00:28:41,200 Speaker 1: Yeah. 543 00:28:41,480 --> 00:28:43,280 Speaker 2: So I don't I don't get it. 544 00:28:43,400 --> 00:28:45,960 Speaker 11: I don't know what they're talking about, like, because it's like, 545 00:28:46,960 --> 00:28:49,760 Speaker 11: the government clearly prints money, it does it all the time, 546 00:28:49,960 --> 00:28:53,000 Speaker 11: and it clearly borrows. Otherwise we wouldn't be having this 547 00:28:53,120 --> 00:28:56,280 Speaker 11: debt and defest conversation. So I don't think there's anything 548 00:28:56,320 --> 00:28:57,040 Speaker 11: confusing there. 549 00:28:57,800 --> 00:28:59,440 Speaker 2: How chilling is that. 550 00:29:00,800 --> 00:29:04,800 Speaker 5: Sean that explains very very well why we are in 551 00:29:05,080 --> 00:29:08,280 Speaker 5: the economic shape we are today, because those are the 552 00:29:08,440 --> 00:29:12,120 Speaker 5: kinds of people at the helm in the White House, somebody, 553 00:29:12,240 --> 00:29:16,120 Speaker 5: as you said, who has no economics background. He's a 554 00:29:16,240 --> 00:29:20,160 Speaker 5: musician turned social worker, and somehow that landed him as 555 00:29:20,640 --> 00:29:23,400 Speaker 5: chair of the Council of Economic Advisors. I mean, this 556 00:29:23,520 --> 00:29:27,200 Speaker 5: is absolutely insane, but it helps explain how we have 557 00:29:27,400 --> 00:29:32,680 Speaker 5: gotten such disastrous policies in place to create stagnant economic growth, 558 00:29:33,200 --> 00:29:36,800 Speaker 5: run away inflation. I mean, it is absolutely appalling that 559 00:29:36,920 --> 00:29:40,120 Speaker 5: people like this can be allowed anywhere near the levers 560 00:29:40,120 --> 00:29:40,600 Speaker 5: of power. 561 00:29:40,920 --> 00:29:43,280 Speaker 2: Yeah, unbelievable. We'll give you the last word here of 562 00:29:43,360 --> 00:29:44,320 Speaker 2: van so that we have to run. 563 00:29:44,560 --> 00:29:47,760 Speaker 10: Yeah, no, it is unbelievable. I remember being in the 564 00:29:48,040 --> 00:29:51,000 Speaker 10: White House and talking with the share at the time, 565 00:29:51,080 --> 00:29:53,400 Speaker 10: with Kevin Hassett. He would never have answered it that 566 00:29:53,480 --> 00:29:55,840 Speaker 10: way in the Trump administration, and it was a totally 567 00:29:55,880 --> 00:29:59,680 Speaker 10: different type of economic policy, one of reducing taxes, reducing 568 00:29:59,760 --> 00:30:01,720 Speaker 10: right now relations, and allowing for people to have more 569 00:30:01,760 --> 00:30:04,640 Speaker 10: individual liberty and freedom. That's what's going to create more 570 00:30:04,840 --> 00:30:09,160 Speaker 10: opportunities to proper, not this MMT modern monetary theory nonsense 571 00:30:09,480 --> 00:30:11,920 Speaker 10: that Jared Bergenstein may or may not know about, but 572 00:30:12,080 --> 00:30:15,880 Speaker 10: plenty of Biden administration do. It's exactly what happens in places. 573 00:30:15,920 --> 00:30:21,520 Speaker 2: Likens, The government definitely prints money, right, Is that right? Either? 574 00:30:21,600 --> 00:30:27,640 Speaker 2: It definitely prints money and definitely lends money right right, right, Wow, 575 00:30:28,360 --> 00:30:33,320 Speaker 2: that's pretty frightening. Anyway, I do know I trust you 576 00:30:33,440 --> 00:30:35,240 Speaker 2: guys a hell of a lot more when I trust 577 00:30:35,320 --> 00:30:38,640 Speaker 2: this guy anyway. Vance, thank you, EJ. Thank you. Appreciate 578 00:30:38,760 --> 00:30:40,880 Speaker 2: both of you. Eight hundred and nine to four one, Sean. 579 00:30:40,920 --> 00:30:42,320 Speaker 2: If you want to be a part of the program, 580 00:30:43,320 --> 00:30:46,040 Speaker 2: listen to violent crime sadly, and this country has committed 581 00:30:46,080 --> 00:30:49,440 Speaker 2: every twenty four seconds when it hits your doorstep, well, 582 00:30:49,640 --> 00:30:53,560 Speaker 2: one wrong decision could mean losing your home, losing your freedom, 583 00:30:53,920 --> 00:30:57,400 Speaker 2: or maybe worse. And that's because just owning a gun 584 00:30:57,480 --> 00:31:01,920 Speaker 2: it's not enough anymore. Defend family one word dot com, 585 00:31:02,040 --> 00:31:05,400 Speaker 2: defendfamily dot com. You are listening to the best of 586 00:31:05,480 --> 00:31:08,280 Speaker 2: the Sean Hannity Show. Don't forget. Catch the Sean Hannity 587 00:31:08,360 --> 00:31:11,440 Speaker 2: Show weekdays right here on this station and stay tuned 588 00:31:11,440 --> 00:31:13,240 Speaker 2: for more. Right after the latest news