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Speaker 1: I'm glad you with us. Yeah, I'm watching all the

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Speaker 1: news coverage. The queen's coffin has arrived at Buckingham Palace.

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Speaker 1: Do you realize, Linda, do you know this? The funeral

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Speaker 1: is not until next Monday? I mean at what point?

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Speaker 1: I mean, God rest her soul. Nothing bad to say

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Speaker 1: about the woman, But this is the longest process, and

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Speaker 1: I just when it's over, it's over, have a party,

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Speaker 1: celebrate an undeserved life, and tell funny stories about the person,

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Speaker 1: play their favorite music and go home. But we need

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Speaker 1: to give the left wing media enough time to bash

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Speaker 1: her while she's dead and can't defend herself, and then all, yeah,

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Speaker 1: that's true. You know, we gotta let make sure we

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Speaker 1: fit all that in. You know, they need a lot

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Speaker 1: of time. They want to fill up their you know,

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Speaker 1: B and C blocks of TV bashing someone from a

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Speaker 1: time and place and a monarchy they don't understand. But hey,

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Speaker 1: you know it's nuts, all right. Let me get to

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Speaker 1: the news of the day. Bad news on the economy.

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Speaker 1: It's not a shock inflation for August quote worse than expected. Well,

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Speaker 1: you know, let's go back to last month when the

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Speaker 1: inflation numbers again at another forty year high went up

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Speaker 1: from last month again, and even with the price of

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Speaker 1: gasoline going down. And what Joe and Commo were saying,

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Speaker 1: zero inflation zero they lied. Listen, the President, in my

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Speaker 1: vision for the future also means lowering costs for Americans. Today,

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Speaker 1: we learned that last month our economy had zero percent inflation.

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Speaker 1: I just want to say a number zero. Today we

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Speaker 1: received news that our economy had zero percent inflation in

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Speaker 1: the month of July. Zero percent. What are they talking about?

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Speaker 1: It was eight point one percent. Inflation rose this month

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Speaker 1: even as the cost of gas fell. By the way,

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Speaker 1: that's all artificial too. They were leasing today eight point

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Speaker 1: four million barrels of oil from our strategic petroleum reserves.

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Speaker 1: And they're doing this purposefully, fifty six days out of

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Speaker 1: an election, to increase the world's supply of oil, to

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Speaker 1: create a false perception that gas prices are really really

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Speaker 1: coming down and this is going to fix it. Well,

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Speaker 1: here's the problem with Joe's plan is he's compromising our

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Speaker 1: national security. It's at our strategic petroleum reserves are now

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Speaker 1: at a thirty eight year low. I'll get into that

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Speaker 1: in a minute. Anyway, Labor Department points out that the

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Speaker 1: consumer price index, the broad measure of the price of

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Speaker 1: everyday goods and including gas, groceries, rents, up to eight

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Speaker 1: point three percent, figure higher from the headline that they

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Speaker 1: had expected. They thought it was going to be eight

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Speaker 1: point one percent. As a result, the stock market has

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Speaker 1: been down well announced down about eleven hundred points as

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Speaker 1: we speak, acting negatively, so it's higher than the figures

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Speaker 1: that they had thought. So called core prices, which strip

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Speaker 1: out more volatile measurements like food and energy, climbed six

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Speaker 1: point three percent from the previous year, above the six

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Speaker 1: point one percent forecasts from economists, and also core prices

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Speaker 1: rose more than expected on a monthly basis, and we

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Speaker 1: have scorching hot inflation in spite of all of these

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Speaker 1: rate hikes by the Fed. We expect another seventy five

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Speaker 1: basis point increase in interest rates. Some of you don't

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Speaker 1: know what higher interest rates alike, I'm old enough to

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Speaker 1: remember double digit you know, interest rates and these kind

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Speaker 1: of inflation numbers. And as of now, with today's eight

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Speaker 1: point three percent rise in the consumer price index, inflation

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Speaker 1: now has been above eight percent since March of this year.

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Speaker 1: That's six straight months. It's only transitory transitory transitory transitory

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Speaker 1: transitory to reduce inflation down to the benchmark target of

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Speaker 1: two percent. The Federal Reserve is now already implemented four

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Speaker 1: interest rate hikes this year alone. I told you at

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Speaker 1: the beginning of the year, we can expect as many

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Speaker 1: as eight interest rate hikes, including two consecutive seventy five

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Speaker 1: basis point hikes in June and July. I expect another

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Speaker 1: one for August. Nothing that they're doing is working. Inflation

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Speaker 1: topped eight percent for the first time this year in March,

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Speaker 1: and when it went from seven point nine percent in

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Speaker 1: February to eight point five percent in April, will tick

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Speaker 1: down at eight point three percent, back to eight point

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Speaker 1: six percent. June was nine point one percent, and here

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Speaker 1: we are at eight point three percent. In other words,

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Speaker 1: the Fed has hiked interest rates over two full percentage points.

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Speaker 1: It's now about to be three percentage points in the

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Speaker 1: last six months, and the impact has been negligible. Even

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Speaker 1: CNBC said this inflation report serves as a gut punch

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Speaker 1: to anyone who's been hoping that inflation would come to substantially.

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Speaker 1: According to a senior analyst, Mark Hamrick, the implication is

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Speaker 1: the Federal Reserve has to remain aggressive with interest rate hikes.

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Speaker 1: It's widely expected to federal implement another rate hike of

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Speaker 1: zero point seventy five percent. Now. It's also impacting the

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Speaker 1: housing market as I told you it would, and new

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Speaker 1: home construction is coming to a streak of screeching halt.

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Speaker 1: Sales of preexisting homes will stop, home values will now plummet.

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Speaker 1: We already now have lost in the second quarter in

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Speaker 1: terms of American wealth, money that people thought they had

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Speaker 1: in the stock market in their four oh one ks

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Speaker 1: and their iras in their homes in terms of equity,

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Speaker 1: over six what billion dollars they've lost thanks to Joe's

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Speaker 1: horrific policies. And just as a side note, when you

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Speaker 1: hear the eight point three percent inflation number, most of

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Speaker 1: us put that in the context of the nightmare of

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Speaker 1: double digit inflation in the eighties, which at one point

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Speaker 1: hit thirteen percent. What most people don't realize is the

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Speaker 1: Bureau of Labor Statistics they have now changed twice the

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Speaker 1: way they calculate inflation over the years. If we use

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Speaker 1: the same methodology that they used in the Carter years

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Speaker 1: and Postcarter years, in the early eighties, and if we

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Speaker 1: used those calculations today, today's eight point three percent inflation

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Speaker 1: rate would actually be over sixteen percent. The Labor Department

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Speaker 1: made major changes to their inflation methodology twice, and both

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Speaker 1: times they lowered the actual inflation number after the eighties

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Speaker 1: inflation shot. The first major change took place in nineteen

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Speaker 1: eighty seven. If you apply the post nineteen eighty seven

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Speaker 1: methodology to today's eight point three percent inflation rate, it

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Speaker 1: would be a staggering twelve percent either way, record highs.

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Speaker 1: Great job, Joey. The Bureau of Labor Statistics now made

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Speaker 1: another change to how they calculated CPI in ninety eight,

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Speaker 1: and that's how we got from what would be a

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Speaker 1: sixteen percent inflation rate under the nineteen eighties methodology to

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Speaker 1: today's much less scary sounding eight point three percent. But

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Speaker 1: if the government used the numbers that they used and

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Speaker 1: you know in the eighties, well, today would be twice

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Speaker 1: as bad. Everybody'll have that. You'll be quizzed after the show.

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Speaker 1: But look the real threat to the to our You know,

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Speaker 1: you want to talk about a threat to democracy. Joe

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Speaker 1: Biden's taking a wrecking ball and destroying the American dream.

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Speaker 1: You know, it gets hurt the most by inflation, Biden's inflation.

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Speaker 1: The poor, the middle class, people on fixed incomes. You know,

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Speaker 1: it's costing the average couple that in a two family household,

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Speaker 1: if they have kids, on average six thousand, eight hundred

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Speaker 1: dollars more this year because of Biden inflation. If you

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Speaker 1: drive a car, you're paying anywhere between eighteen hundred and

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Speaker 1: two thousand dollars more a year just to put gas

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Speaker 1: in your car. You want to talk about an existential

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Speaker 1: threat to our survival, Yeah, it's these horrific, stupid, idiotic

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Speaker 1: economic and energy policies. You know, Joe says, America is

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Speaker 1: facing the threat to its very survival. Okay, two thirds

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Speaker 1: of Americans now living paycheck to paycheck. Many can't make it.

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Speaker 1: And you know, the Democrats claim they have this monopoly

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Speaker 1: on the middle class and the poor, people, the minorities,

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Speaker 1: and they're all getting hurt the most because of these policies.

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Speaker 1: They did the best under Donald Trump pre COVID. But

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Speaker 1: it's unbelievable. You know, look at what's happened to this country.

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Speaker 1: This is only nineteen months of this wrecking crew, this

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Speaker 1: climate alarmist cultism. We abandon energy independence the lifeblood of

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Speaker 1: the world's economy. And we start begging Iran, Venezuela, Saudi

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Speaker 1: Arabia and OPEC to increase their production when we have

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Speaker 1: more natural resources than all of them combined. We don't

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Speaker 1: need their energy. We'd create high paying jobs. We'd increase

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Speaker 1: the world's supply of energy, which would mean prices would

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Speaker 1: automatically go down. It would also be lower for Americans.

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Speaker 1: We could do a cleaner we'd do it faster, and

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Speaker 1: we do it cheaper, and then we could even become

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Speaker 1: energy dominant, become rich like they're becoming rich, and supply

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Speaker 1: our Western European allies that are now going to be

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Speaker 1: spending thirty percent of their household income just to heat

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Speaker 1: their homes this winter. People. They expect people are going

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Speaker 1: to be dying in Europe this winter because they can't

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Speaker 1: heat their home house. Our standard of living is crumbling

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Speaker 1: right before our eyes. It's now been above eight percent,

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Speaker 1: as I said, for at least what six months in

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Speaker 1: a row, our federal reserve, six point one trillion of

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Speaker 1: America's household wealth disappearing in the last quarter. Tens of

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Speaker 1: millions of Americans now dramatically poorer than they wore two

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Speaker 1: years ago. Biden's single handedly has destroyed energy independence. We're

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Speaker 1: pumping the least amount of oil on federal lands since

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Speaker 1: the days of Harry Truman. You know It's meanwhile, our

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Speaker 1: enemies around the world are getting rich by charging outrageous

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Speaker 1: record prices for the lifeblood of the world's economy. Add

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Speaker 1: to that, crime is out of control in every town

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Speaker 1: and city across America due to the stifund dismantled no

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Speaker 1: bail madness. National homicide rate is up thirty percent, and

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Speaker 1: big cities and blue states it's up as high as

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Speaker 1: like sixty percent in cities like Philadelphia. Rape smashing, grab robberies, assaults, carjackings, kidnappings,

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Speaker 1: all manners of violence up across the board. Great job, Joey.

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Speaker 1: And while Democrats throw billions of our tax dollars at

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Speaker 1: their green energy boondoggles and lecture us that we've got

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Speaker 1: to get like Pete Buddha judge, that we've we've got

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Speaker 1: to be getting electric vehicles sooner to the market, you know,

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Speaker 1: worth climate change purposes. We've got to do it fast.

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Speaker 1: That's twenty grand more your rape and pillage Mother Earth

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Speaker 1: for the minerals of manganese and nickel and cobalt and

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Speaker 1: all these other minerals and use big heavy equipment that

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Speaker 1: uses fossil fuels to get these minerals from the earth.

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Speaker 1: And then of course the electric grid is eighty eight

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Speaker 1: fossil fuels. Anyway, that's how you charge your electric vehicle.

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Speaker 1: A lot of sense. That makes after twenty years of

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Speaker 1: sacrifice in American blood and treasure we chased out of Afghanistan.

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Speaker 1: Add that to the mix. Thousands of Americans abandoned behind

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Speaker 1: enemy lines. Thirteen American heroes killed at Kabbal Airport. You know,

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Speaker 1: once Philademir Putin saw America refused to lift a finger

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Speaker 1: and rescue its own citizens. Yeah, look what we get

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Speaker 1: as a result, War in Ukraine. It's unbelievable. Now we're

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Speaker 1: the next thing probably that will come up as the

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Speaker 1: reunification of China and Taiwan, meaning China taking over Taiwan

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Speaker 1: for our European allies. Energy prices are up fifteen hundred

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Speaker 1: percent because that hostile actor, Vladimir Putin has turned off

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Speaker 1: the spickett. I've warned about this for years. We should

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Speaker 1: go back years in this program and talk about to

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Speaker 1: many times. I warned that this is a bad idea

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Speaker 1: for Western Europe to do it now, it would be

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Speaker 1: an opportunity if we had a president that understood the

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Speaker 1: amount of resources we have, America would become the most

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Speaker 1: energy dominant country in the world and we could literally

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Speaker 1: help our allies out dramatically and make a fortune doing

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Speaker 1: it and create high paying jobs, and that would eliminate

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Speaker 1: your inflation problem. But for whatever reason, now what we're

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Speaker 1: gonna We're just gonna leave it as it is. It's

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Speaker 1: okay to import oil from countries that hate us, but

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Speaker 1: we can't produce it domestically. Nobody's ever given me an

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Speaker 1: answer why that makes any sense, because it doesn't. All right,

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Speaker 1: all these data breaches keep coming. This one is regional,

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Speaker 1: but it includes social security numbers. I'm talking about Nelnet Servicing.

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Speaker 1: It's a technology service company used by Oklahoma Student Loan

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Speaker 1: Authority and at financial a breach affecting and impacting two

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Speaker 1: point five million student borrowers, and breached information includes social

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Speaker 1: security numbers, emails, phone numbers, and addresses. All of us,

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Speaker 1: every day are putting our personal information at risk on

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Speaker 1: the Internet. LifeLock dot Com by Norton sees these threats

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Speaker 1: we miss on our own and if they detect your

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Speaker 1: LifeLock dot com promo code Hannity, John Kerry making America green,

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Speaker 1: one Learjet Liberal flight at a time. You just can

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Speaker 1: make this stuff up. Sean Hannity is on right now,

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Speaker 1: all right for August. Energy through the roof, as we

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Speaker 1: now know, in spite of the artificial decline in it's

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Speaker 1: another band aid solution is all. It is tapping the

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Speaker 1: strategic petroleum reserves, and you're compromising national security. It's out

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Speaker 1: of thirty eight year low but energy, fuel, electricity, natural gas, utilities,

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Speaker 1: food rent vehicles, use vehicles, new vehicles. Everything's up. This

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Speaker 1: is why Americans are suffering. And the saddest part of

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Speaker 1: all of this is all of it is preventable. He

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Speaker 1: didn't have to wreck the economy. You're the simple, basic,

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Speaker 1: fundamental things that could have been done, just starting with

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Speaker 1: being energy independent, that would prevent a lot of this

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Speaker 1: from happening. You know, if you look at inflation adjusted earnings,

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Speaker 1: it's been negative for ninety percent of Biden's presidency. Real

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Speaker 1: earnings now down for seventeen consecutive months, the longest stretch

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Speaker 1: on record, surpassing the global financial crisis. I mean, these

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Speaker 1: are real people's lives that are being destroyed here, Biden

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Speaker 1: claims today's sky high inflation number shows he's making progress. Like,

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Speaker 1: what the hell are you talking about? Like last month

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Speaker 1: him and Kamala Harris zero that the number zero, we're

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Speaker 1: only paying zero, we had zero inflation. I'm like, what

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Speaker 1: world is this man living in the numbers just came

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Speaker 1: out another forty year record. Great job, Joey. And you know,

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Speaker 1: if you go through what the real inflation number is

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Speaker 1: is I just went through. It's it's sixteen percent. If

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Speaker 1: we use the old methodology. Bank of America's CEO is

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Speaker 1: pushing back on criticisms for zero down mortgages. If we

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Speaker 1: go back to the Community Investment Act of that bill

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Speaker 1: Clinton started, you're gonna have another housing disaster and crash

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Speaker 1: like we saw on what two thousand and seven and eight.

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Speaker 1: US national debt is thirty one trillion dollars. Most people

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Speaker 1: don't even know that or seem to care anyway. So

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Speaker 1: inflation is up yet another month despite the drop in

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Speaker 1: gas prices, artificially because of the release of the strategic

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Speaker 1: petroleum reserves. You know, this is America's Literally we are

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Speaker 1: at the lowest level we've been at in terms of

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Speaker 1: the strategic petroleum reserves, the lowest level in thirty eight years.

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Speaker 1: US emergency oil reserves tumble to the lowest they've been

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Speaker 1: since nineteen eighty four. I mean, this is unbelievable. And

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Speaker 1: Biden's new energies are that he has the highest regard

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Speaker 1: for the CCP, the Communist Chinese Great be sure to

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Speaker 1: check in as soon as you get to your car

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Speaker 1: after work for breaking information you need to know about.

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Speaker 1: This is the Sean Hannity Show Hi twenty five nouns

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Speaker 1: at the top of the hour. So mortgage rates now

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Speaker 1: average thirty year fixed rate mortgage is six point two percent.

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Speaker 1: We expect another seventy five basis point increase that'll bring

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Speaker 1: us right to seven percent. Mortgage rates. What were they

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Speaker 1: when Donald Trump left office? Let's see, Oh, average thirty

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Speaker 1: year fixed rate mortgage was two point seven percent. It's

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Speaker 1: more than doubled under Biden. How many times I've been

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Speaker 1: telling you before. Interest rates keep going up on pact

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Speaker 1: American Financing dot net. By the way, we're expecting four

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Speaker 1: more rate increases this year alone, four more. So if

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Speaker 1: you haven't done debt consolidation, just get a free mortgage

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Speaker 1: debt consolidation financial review from American Financing dot net because

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Speaker 1: it will help you. Maybe you don't do anything, but

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Speaker 1: it doesn't cost you anything. Just five minutes, ten minutes

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Speaker 1: of your time. Average fixed rate mortgage is now six

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Speaker 1: point two eight percent, So that's now headed to seven percent.

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Speaker 1: What are you gonna do? And it's eight percent? Then

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Speaker 1: this is why the housing market is. It's got to

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Speaker 1: come to a screeching halt. We're now going to hit

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Speaker 1: a housing recession, probably as bad as two thousand and

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Speaker 1: eight and nine. That's the next shoe to drop. That's

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Speaker 1: what's going to happen next. And that means that all

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Speaker 1: the money that you lost in your IRA in four

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Speaker 1: or one case, that'll be nothing compared to the equity

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Speaker 1: you lost in your home. Although I will tell you

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Speaker 1: there are going to be states that fare much better

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Speaker 1: than other states. You know, with the influx of new

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Speaker 1: people to Florida, I think it's eight hundred round eight

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Speaker 1: hundred plus a day new residents moving to Florida. Laida

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Speaker 1: is going to be fine because demand is going to

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Speaker 1: stay high and steady and people are gonna need the

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Speaker 1: place to live when they get down there, so that

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Speaker 1: Florida will fare better. Tennessee will fare much better, Alabama

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Speaker 1: will probably do much better. Texas will do much better,

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Speaker 1: Oklahoma will do much better. The Carolinas will do much better.

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Speaker 1: But for a lot of the country, you know, watch

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Speaker 1: all that equity you thought you had in your home

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Speaker 1: just disintegrate before your eyes. You know. Um, we talked

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Speaker 1: about what's happening and you know, look at all these

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Speaker 1: things that we're talking about today. These are not the

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Speaker 1: issues Democrats and the media mob want to talk about.

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Speaker 1: Biden's economic failures, energy failures, border failure, as Afghanistan failure

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Speaker 1: is get every failure. I don't want to talk about

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Speaker 1: that part. You know. Twenty sixteen, they made up a

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Speaker 1: lie that they perpetrated on this country for over three years,

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Speaker 1: based on Hillary Clinton's bought and paid for Russian disinformation dossier.

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Speaker 1: Three long years. None of it was true, totally debunked.

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Speaker 1: Twenty sixteen, the mainstream media. Three weeks before the election,

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Speaker 1: Hunter Biden's laptop comes out and in one voice, the

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Speaker 1: media mob, the Democratic Party, even high ranking former Intel

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Speaker 1: officials that knew nothing, absolutely nothing. Oh no, it looks

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Speaker 1: like Russian disinformation. How effective was the FBI, media, Big

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Speaker 1: Tech in their collusion, because remember Big Tech wouldn't even

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Speaker 1: allow you to post a story about the New York

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Speaker 1: Post breaking that story anyway. Well, forty one percent Tom

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Speaker 1: Bevan of Real Clear Politics tweeted out still believe Hunter's

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Speaker 1: laptop is Russian disinformation. Fully you have well, first of all,

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Speaker 1: if you have half of the Democrats think it is

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Speaker 1: genuine and half think it's Russian disinformation, seventy three percent

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Speaker 1: of Republicans believe it's real and it is real, and

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Speaker 1: twenty seven percent of even Republicans still believe the lie.

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Speaker 1: Independence fifty three percent see it is genuine. Forty seven

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Speaker 1: percent still believe it's Russian disinformation. That's how powerful the

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Speaker 1: media mob and big tech and the intel community are

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Speaker 1: on public thinking in public opinion. It was a report

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Speaker 1: out by the way that people close to Hunter Biden

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Speaker 1: suspect there might be another laptop, according to one reporter,

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Speaker 1: guy by the name of Andrew Rice, contributing editor for

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Speaker 1: New York Magazine, wrote about the laptop. Saga made the

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Speaker 1: assertion during an appearance on Fake News CNN after being

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Speaker 1: shown a clip of the younger Biden telling CBS that

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Speaker 1: he had discovered the device often associated with him and

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Speaker 1: could be at and could be as you know, while

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Speaker 1: he didn't know for sure, I think that, you know,

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Speaker 1: I think that if you accept the fact that Hunter

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Speaker 1: was a person who was addicted to drugs, alcohol and

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Speaker 1: other substances, who was going on a sort of journey

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Speaker 1: of self destruction during this time period, you know, it's

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Speaker 1: fully plausible to think they might have misplaced an object

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Speaker 1: and not necessarily know what happened to it. Well, they

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Speaker 1: forgot that he brought it to the John Paul mac isaac,

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Speaker 1: and then this poor guy's entire life gets thrown into

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Speaker 1: utter chaos and run. Get this. You want to talk

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Speaker 1: about dual justice under the law, You'll love this in

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Speaker 1: the epic times. So you have the dual standard of

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Speaker 1: justice in America. If you're a Biden or a Clinton,

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Speaker 1: nothing happens to you. You can you can literally bleach

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Speaker 1: bit away thirty three thousand subpoena emails on your servers.

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Speaker 1: You can destroy your devices with hammers. You can remove simcards.

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Speaker 1: Nothing happens. You can't even have the FBI conclude that

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Speaker 1: criminal statutes were broken, that you had top secret classified

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Speaker 1: information on the emails that they did find, but no

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Speaker 1: prosecutor would prosecute. We know in Hunter's laptop there's evidence

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Speaker 1: of crimes committed, illegal drug use. We know helied on

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Speaker 1: a gun application. We know that Hunter was frolicking around

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Speaker 1: all over the place with hookers. We know all of this,

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Speaker 1: but he also more importantly, implicates Joe, his dad. We

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Speaker 1: have pictures of Joe and Hunter and foreign business partners,

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Speaker 1: and now have chronicled at least fourteen examples of these

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Speaker 1: business partners meeting with Joe Biden buying influence. We have

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Speaker 1: evidence Joe Biden and his own words bragging how he

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Speaker 1: leveraged the billion taxpayer dollars to get a prosecutor in

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Speaker 1: Ukraine fired for investigating his son, being paid millions for

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Speaker 1: no experience. Can't make this up? What if it was

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Speaker 1: a Trump? Every day there's like a new Trump allegation,

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Speaker 1: or now it's a superpack. What's today's new allegation? And

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Speaker 1: now they're investigating something else. I went through all of

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Speaker 1: those last night on TV. I won't do it again,

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Speaker 1: thirty separate examples, and the media gets all jacked up,

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Speaker 1: hyped up. That's all they want to talk about for

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Speaker 1: the next fifty six days. Chuck Grassley now wants to

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Speaker 1: grill the FBI official we believe was fired from the

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Speaker 1: bureau and their Washington Field office after whistleblowers. There's over

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Speaker 1: twenty of them, I'm told, claiming that the official you know,

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Speaker 1: had deep six the Hunter Biden laptop investigation. Now he's

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Speaker 1: denied that through his attorney. Time will tell, but the

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Speaker 1: top official who left the bureau should be asked to

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Speaker 1: testify before the Senate truck. Grassley is pushing for that now.

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Speaker 1: If Republicans get the power to subpoena, if they win

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Speaker 1: this mid term election, things will change. Change rather dramatically.

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Speaker 1: I don't know why people do stupid things. It looks

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Speaker 1: like the violent wing of the Democratic parties at it again,

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Speaker 1: So that won't be news for anybody. But just thenews

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Speaker 1: dot com is talking about a Texas woman charge for

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Speaker 1: allegedly making violent threats against the federal judge in Florida

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Speaker 1: overseeing the Presidents. That President Trump's request to a point

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Speaker 1: a special master to review the documents seized last month

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Speaker 1: by the FBI at his home or a lago all right.

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Speaker 1: Later on in the program, we have an investigation. Why

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Speaker 1: would the Anige, Why would the Department of Veterans Affairs?

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Speaker 1: Why would the IRS? Why are they buying hundreds of

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Speaker 1: millions of dollars and weapons? In other words, there's a

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Speaker 1: report out about the militarization of America and one point

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Speaker 1: four eight billion on guns for agencies that don't need them.

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Speaker 1: But when we come back, Blake Masters, Republican Senate candidate

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Speaker 1: in Arizona's next