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Speaker 1: And if you want along, is the July fourth holiday

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Speaker 1: a recipe for disaster. Given the issues with the system

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Speaker 1: right now, there are going to be challenges, but we're

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Speaker 1: watching it closely and we're talking to the airlines every day.

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Speaker 1: We need to spur the transition to green shipping with

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Speaker 1: the bottom line is hold, mommy. The reason why yes

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Speaker 1: crisis are up is because of Russia. Russia, Russia. Russian

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Speaker 1: freedom is back in style. Welcome to the revolution. Coming'll

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Speaker 1: sent Sean Hannity Show. I'm the Zia's information on breaking

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Speaker 1: news and more bold inspired solutions for America. This is

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Speaker 1: a special edition of The Sean Hannity Show American Trapped

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Speaker 1: behind Enemy Lines, Day number three hundred and twenty. All right,

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Speaker 1: day three thirty three. Since Joey promised he wouldn't abandon

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Speaker 1: our fellow Americans, but of course he's turned the page.

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Speaker 1: The medium mob never talks about him, And here we

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Speaker 1: are the lone voice. What are the what's happened to

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Speaker 1: these people? Even what's his name? The Lincoln? Blincoln acknowledges

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Speaker 1: hundreds of Americans left behind, thousands of green cardholders, left behind,

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Speaker 1: all our Afghan allies, They left behind all billions of

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Speaker 1: equipment left behind. I know, Hannity or a broken record. Okay,

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Speaker 1: you want me not to you want if it was

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Speaker 1: your family, would you want me to mention them and

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Speaker 1: remember them and and remind our government to get off

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Speaker 1: their ass and get them the hell out of there.

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Speaker 1: It's unconfortable to me. Somebody just sent this Apparently Biden

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Speaker 1: just said. He was asked reporter, how long is it

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Speaker 1: fair to expect American drivers to pay that premium for

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Speaker 1: this war, meaning he's talking about energy. Biden's answer, as

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Speaker 1: long as it takes. That's how how to touch this

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Speaker 1: idiot is he must think that everybody makes money like

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Speaker 1: Hunter does. He must think that everybody has sweetheart deals

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Speaker 1: with no experience with Ukraine, that you get to advise

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Speaker 1: on oil, gas energy in a country you have no

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Speaker 1: experience in and get millions of dollars, that you can

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Speaker 1: make deals with Russian oligarchs and get millions of dollars

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Speaker 1: for your company, or do a billion five deal with

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Speaker 1: the Bank of China, or get a hundred thousand dollars

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Speaker 1: shopping spree from a Chinese national. I no wonder he

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Speaker 1: wants to get rid of tariffs with China. Whoops, Yeah, well,

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Speaker 1: they they're so good to Hunter. I mean, why shouldn't

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Speaker 1: we be nice to them? Right? Unbelievable. We It's gonna

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Speaker 1: be interesting. The Atlanta Fed is now estimating that the

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Speaker 1: US economy contracted by one percent in the second quarter.

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Speaker 1: Atlanta Fed estimating today and yesterday they revised upward. It

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Speaker 1: was we were in the negative growth at a one

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Speaker 1: point six percent, not one point four percent. Anyway. Wall

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Speaker 1: Street Journal pointed out US households spending slowed in May

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Speaker 1: as Americans faced historically high inflation elevated interest rates, raising

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Speaker 1: the prospect that the economy is contracted for a second

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Speaker 1: straight quarter now. Following the soft spending figures, economists at

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Speaker 1: the SMP Global Market Intelligence said that they estimate the

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Speaker 1: GDP to contract at zero point seven percent at an

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Speaker 1: annual rate and second quarter, which ends on Thursday. They

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Speaker 1: previously expected a slight sub slight economic growth. The Federal

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Speaker 1: Reserve Bank of Atlanta has closely watched GDP now Tracker

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Speaker 1: estimated Thursday that output contracted one percent or in the

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Speaker 1: second quarter that that model considers the publicly released data,

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Speaker 1: which generally reflects activity through May. Both estimates would mark

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Speaker 1: the second straight quarter of contraction to the economy after

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Speaker 1: an annualized output decreased one point six percent at that

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Speaker 1: rate during the first three months of the year. This

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Speaker 1: solidifies evidence of a downward trend and consumer spending, and

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Speaker 1: that would mean, by the way that we could be

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Speaker 1: officially be in a recession. We'll see what the final

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Speaker 1: numbers are in the end, at the end of the day,

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Speaker 1: two quarters of negative growth. I mean, it's unbelievable, you know,

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Speaker 1: it's it's pretty amazing to watch the mob and the media,

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Speaker 1: the Democratic Party and how corrupt these people are. Now,

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Speaker 1: this was an NBC News report that Biden is going

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Speaker 1: to deliver a speech on the January six Committee's findings

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Speaker 1: once the House panel wraps up their investigation, which I

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Speaker 1: don't think will ever happen until health freeze is over. Um.

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Speaker 1: You notice they get their investigations done, but there's there's

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Speaker 1: there's Durham. He's still out there doing something. It's unbelievable,

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Speaker 1: just like we have the dual system of justice, one

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Speaker 1: for the Democrats, one for Hillary, one for you know,

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Speaker 1: the deep state. And then pre dawn raids, guns drawn, ablaze,

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Speaker 1: thirty people, Frogman, CNN, fake news cameras in the dark

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Speaker 1: a night. It's just unbelievable, the double standard. But anyway,

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Speaker 1: the goal of his speech would be to emphasize what

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Speaker 1: Biden believe is that stake should former President Donald Trump

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Speaker 1: or his allies return to power Washington. So he wants

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Speaker 1: to make a political speech. Hey, Joe, why don't you

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Speaker 1: make a speech and talk about how you're gonna go

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Speaker 1: back to the policies that Donald Trump that worked, the

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Speaker 1: economic and energy policies that led us to energy independence

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Speaker 1: for the first time in seventy some odd years. Anyway,

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Speaker 1: so they're they're bannering this all about in the White House.

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Speaker 1: We'll just well, we'll just bludge in Trump some more, okay. Anyway,

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Speaker 1: And they believe, for example, that they're hoping voters who

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Speaker 1: are angry about record inmplation and record gas prices might

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Speaker 1: be persuaded by the argument that Trump and his allies

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Speaker 1: are a threat to the democratic underpinnings of the country.

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Speaker 1: So that's what the speech is supposed to be about.

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Speaker 1: Biden's speech withdraw and revelations from the committee's investigation. We

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Speaker 1: have heard this to death. Now you have these allegations

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Speaker 1: by this Cassidy Hutchinson. Now she claims, for example, that

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Speaker 1: there was a note in her handwriting, and that is

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Speaker 1: being disputed by Trump's attorney Eric Kirshman is saying, no,

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Speaker 1: that was my handwriting. Now I have a simple solution.

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Speaker 1: They can clear this all up. Follow the science, follow

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Speaker 1: forensic science. They are handwriting experts. Probably very quickly we'll

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Speaker 1: be able to ascertain whether it's her handwriting or Hirshman's handwriting.

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Speaker 1: I've talked to people that have seen it. It's say, yeah,

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Speaker 1: I know Hershman, that's his handwriting. I have of no idea,

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Speaker 1: but we can clear it up and find out whether

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Speaker 1: or not Cassidy Hutchinson told the truth that day. The

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Speaker 1: other thing we can get cleared up as well is

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Speaker 1: we can bring those Secret Service agents in that contradicted

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Speaker 1: or contradicting the star witnesses public testimony. Now, this is interesting.

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Speaker 1: On foxnews dot Com, Liz Cheney spent hours and media

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Speaker 1: interviews yesterday lavishing praise and on Cassidy Hutchinson. Remember, she's

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Speaker 1: also hugging her for the fourth hand account of President

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Speaker 1: Trump assaulting this his secret Service detail and trying to

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Speaker 1: commandeer the card that he was being driven in. But

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Speaker 1: I don't see any interest on anybody at the committee.

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Speaker 1: They put out a statement, Well, we still believe her,

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Speaker 1: you know, she seems credible to us. Well, she was

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Speaker 1: under oath. It would matter a lot whether or not

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Speaker 1: she told the truth under oath, especially about something so

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Speaker 1: serious about the former president. He doesn't seem interested. Nobody

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Speaker 1: on that committee seems interested. They don't want to get

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Speaker 1: to the bottom of any of this stuff. Not only

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Speaker 1: is Cheney not they didn't contact the Secret Service. Are

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Speaker 1: you kidding me? Beforehand? And apparently I'm told by sources

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Speaker 1: that these guys testified before. I guess Cassidy Hutchinson did

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Speaker 1: what the previous four times and publicly this week. But anyway, now,

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Speaker 1: when asked the question straight up about it, you know,

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Speaker 1: committee members are declining to comment except saying that they

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Speaker 1: believe in the veracity of Cassidy Hutchinson. We can figure

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Speaker 1: this out real quickly. We can get to the bottom

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Speaker 1: of all of this now. Cheney discussed the ongoing hearing

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Speaker 1: and the testimony of witnesses on GMA in an interview.

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Speaker 1: When pressed on whether the Secret Service members would speak

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Speaker 1: on the growing narrative discrepancies that are out there and

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Speaker 1: witness testimonies. She said that the Committee has previously spoken

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Speaker 1: to mister Ornato and mister Engel, and we welcome additional

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Speaker 1: testimony under oath from both of them and from anybody

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Speaker 1: else in the Secret Service who has information about any

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Speaker 1: of these issues. Pressed on whether that testimony from the

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Speaker 1: Secret Service would be given lie be given live, like

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Speaker 1: in the case of Cassidy Hutchinson, you know, she had

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Speaker 1: an interesting answer. We've been working with the Secret Service.

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Speaker 1: We've interviewed, as I said, a number of individuals in

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Speaker 1: the Secret Service. We will continue to do so. It

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Speaker 1: is an important that their testimonies under oath. That wasn't

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Speaker 1: the question. The question is will you give it the

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Speaker 1: same amount of publicity? And if you don't want to

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Speaker 1: show their faces, you can pixel them out or you

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Speaker 1: can take an extra step and just release the transcript

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Speaker 1: when they answer the question, how's that we can solve

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Speaker 1: that problem too, you know. But the idea, and she

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Speaker 1: says she has no doubt about the truth behind Cassidy

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Speaker 1: Hutchinson's January sixth Committee testimony. Well, there are credible people

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Speaker 1: that are questioning it. We can didn't get the answers

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Speaker 1: to all of this, we can get answers. There's more

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Speaker 1: contradictions that have come out NBC News again and some

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Speaker 1: source on this committee someplace somewhere. But anyway, in testimony

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Speaker 1: before the committee of former Top eight of Mark Meadows

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Speaker 1: said under wrote that both Trump and Rudy Giuliani and

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Speaker 1: Mark Meadows that Meadows and Juliani sought pardons from Donald Trump.

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Speaker 1: On Wednesday, both of them said, hell no, we did

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Speaker 1: not seek a pardon from Donald Trump. The spokespostman from

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Speaker 1: Meadows said Wednesday the Meadows never sought a pardon and

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Speaker 1: never planned to. And a statement shared late yesterday by

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Speaker 1: his lawyer Rudy Giuliani's lawyer Robert Costello, not only didn't

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Speaker 1: I ever, receiver did it. Not only didn't I ever

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Speaker 1: request a pardon. I told my client President Trump that

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Speaker 1: if I was offered a pardon, I would turn it

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Speaker 1: down since I had done nothing wrong and there was

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Speaker 1: no need for pardon. Oh, that would be valid testimony.

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Speaker 1: So now how many more issues are going to be

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Speaker 1: contradicted by people before they say, okay, we need to

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Speaker 1: get to the bottom of this, considering this was their

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Speaker 1: big star witness and it was plastered everywhere. This is

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Speaker 1: the smoking gun this is the most incredible testimony in

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Speaker 1: the history of Washington, DC, and all these ridiculous But

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Speaker 1: we don't know. I don't know anything about Cassidy Hutchinson.

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Speaker 1: I have no idea who she is. Never heard of her,

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Speaker 1: Did I ever meet her? Maybe? I don't know. I've

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Speaker 1: met a lot of people in my life. When you

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Speaker 1: do photo lines, you know who knows anyway. But you know,

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Speaker 1: if you look at the Select Committee in the events

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Speaker 1: on January six, twenty twenty one, the one thing that

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Speaker 1: really irks me the most, and we'll get into this

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Speaker 1: with Cash Ptel again later in the program, is this

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Speaker 1: whole narrative really is about Donald Trump wanting this to happen,

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Speaker 1: Donald Trump orchestrating all of this, Donald Trump in sight

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Speaker 1: all of this, Donald Trump's speech that incited all of this,

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Speaker 1: And they selectively edit and they put only on the

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Speaker 1: screen that which they all agreed to, because there's not

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Speaker 1: one other. This is why you don't allow hearsay evidence

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Speaker 1: in a court of law. This is why you know

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Speaker 1: you have to run things in their proper context. Now,

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Speaker 1: you would think one of the biggest bombshells that would

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Speaker 1: contradict their entire narrative would be of utmost importance if

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Speaker 1: they cared about the truth. The reason they don't want

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Speaker 1: to air the interviews that I had with four of

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Speaker 1: the five people in the room on January fourth, and

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Speaker 1: that would be Donald Trump himself, Mark Meadows as Chief

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Speaker 1: of Staff, the Secretary of Defense at the time, Christ

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Speaker 1: Chris Miller Rather, and Cash Patel. Cash Potel is going

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Speaker 1: to be here later. He and Chris Miller already told

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Speaker 1: the committee that they were in the room when Donald

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Speaker 1: Trump authorized up to twenty thousand troops, or as Chris

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Speaker 1: Miller says, whatever's necessary, Muriel Bowser and writing decline the troops.

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Speaker 1: That would be evidence. Apparently there are a series of

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Speaker 1: memos that corroborate all of this that were presented to

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Speaker 1: the committee. Committee has this information and then not bringing

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Speaker 1: any of it into the arena, Well, that would be

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Speaker 1: called exculpatory evidence. Why aren't they bringing it into the

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Speaker 1: public arena because they don't want the truth to come out.

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Speaker 1: They have their predetermined outcome. I mean, it's insanity. Here

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Speaker 1: was everything perfect on the sixth No, I'd actually like

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Speaker 1: to get a solution so something like this can never

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Speaker 1: happen again. Just like I want a solution. What happens

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Speaker 1: if writing like in the summer of twenty twenty happens again,

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Speaker 1: How do we protect every city and every town and

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Speaker 1: every person that lives in every city, in every town

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Speaker 1: and not have dozens of Americans dead and thousands of

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Speaker 1: cops injured and billions of property damage. I'd like to

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Speaker 1: get to the bottom of that too. But this literally

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Speaker 1: blows their entire narrative out of the water. And you know,

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Speaker 1: proves that I was right from the beginning that they

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Speaker 1: had a predetermined outcome. Otherwise it would be a big deal.

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Speaker 1: The guy that they say wanted this plan, this is

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Speaker 1: responsible for this. The guy that said, many of you

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Speaker 1: will peacefully, patriotically march to the capital so your voices

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Speaker 1: will be heard. It puts a whole new It shes

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Speaker 1: a whole new light on the aspect of what Trump

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Speaker 1: and his motives were, and that is, oh, he tried

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Speaker 1: to protect the capital, and then the jurisdiction once he

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Speaker 1: does his part as required by law, the jurisdiction to

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Speaker 1: actually do it goes to Nancy Pelosi, I Murial Bowser.

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Speaker 1: Where their texts, their phone records, their emails, their interviews.

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Speaker 1: Why aren't they being called in or the sergeant at

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Speaker 1: arms or Chuck Schumer. It's it's just this is the

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Speaker 1: state of our country. It's unbelievable, all of us living

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Speaker 1: in tough economic times. The numbers are not cut on anything.

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Speaker 1: It's horrible to actually read it all every day, but

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Speaker 1: it's out of my job. Listen. One way you can

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Speaker 1: save money and get the exact same services with your

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Speaker 1: cell phone. Many of you still are clinging to these

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Speaker 1: big carriers that are overcharging you, Verizon AT and T

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Speaker 1: and T Mobile. If you make the switch to Pure Talk,

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Speaker 1: you can do it less than ten minutes. You're going

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Speaker 1: to get the same exact cell towers, the same five

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Speaker 1: G network, you keep your phone, you keep your phone number.

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Speaker 1: Average families saving close to a thousand dollars a year.

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Speaker 1: Many others are saving much much more. So what are

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Speaker 1: you waiting for? There's been hundreds of thousands of us

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Speaker 1: that have made the switch. Why don't you join us?

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Speaker 1: Takes less than ten minutes of your time. You can

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Speaker 1: be switched over dial pound two fifty, say the keywords

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Speaker 1: save now, and if you do it now, you save

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Speaker 1: an additional fifty percent off your first month. All right,

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Speaker 1: pound two fifty keywords save now, and if you do

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Speaker 1: it now, an additional fifty percent off your first month

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Speaker 1: from our friends. A pure talk. You know, Joe abandon

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Speaker 1: our men and women in Africa, understand, and he checked

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Speaker 1: his watch when the bodies came home. Is this really

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Speaker 1: the America we want? This is important here. You're on

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Speaker 1: the Sean Hannity Show. All right, as we roll along

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Speaker 1: Sean Hannity Show, I mean we now, I have a

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Speaker 1: twenty four year low in terms of mortgage applications. I

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Speaker 1: told you it was going to get bad. Fox Business

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Speaker 1: is now reporting mortgage rates are now close to six

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Speaker 1: percent for thirty year fixed rate mortgage. To two friends

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Speaker 1: of mine that got their place from their loan from

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Speaker 1: American Financing dot net in the threes, you're welcome. There's

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Speaker 1: a long story behind that. I kept telling them, if

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Speaker 1: you're gonna do it, do it now. If you're gonna

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Speaker 1: do it, do it now. And this is what exactly

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Speaker 1: what I told you would happen. New home construction is

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Speaker 1: now going to come to a screeching halt. Sales of

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Speaker 1: existing homes, well, that's gonna stop because nobody's gonna want

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Speaker 1: to give up the three percent or so mortgage and

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Speaker 1: then home values are going to plumb. It doesn't mean

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Speaker 1: they won't go back up again. I still believe in

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Speaker 1: real estate is a great investment. My personal point of view,

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Speaker 1: I don't give financial advice or medical advice anyway. But

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Speaker 1: you're going to see what we're expecting as many as

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Speaker 1: eight more rate hikes in the next eighteen months, according

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Speaker 1: to Goldman Sachs. Eight more. What do you think that's

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Speaker 1: going to do the rest of the economy? You know,

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Speaker 1: now the FED chair and think about this. I mean,

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Speaker 1: if you have cash, cash would be great. How many

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Speaker 1: people have hundreds of thousands of dollars laying around? It's like,

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Speaker 1: you know, how many have sixty grand laying around for

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Speaker 1: their electric card that they keep telling you that you

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Speaker 1: need to buy because they're unwilling to produce oil domestically

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Speaker 1: or gas domestically, which would make this country rich, would

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Speaker 1: be good for national security, would lower inflation, which would

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Speaker 1: create high paying career jobs. And we can get rich

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Speaker 1: by providing all of our Western European allies with all

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Speaker 1: their energy needs and to be rich as hell. And

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Speaker 1: we can share that with the American people by cutting

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Speaker 1: their taxes to next to nothing. Oh, God forbid we

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Speaker 1: ever get that smart holding them accountable. Sean gets the

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Speaker 1: answers no one else does. America deserves and know the

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Speaker 1: truth about Congress all right, twenty five to the top

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Speaker 1: of the hour, eight hundred nine one Sean, So Joey,

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Speaker 1: your president asked today, how long is it fair to

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Speaker 1: expect American drivers to pay the premium for this war?

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Speaker 1: Listen to his answer? How long is it's fair to

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Speaker 1: expect American drivers and drivers around the world to pay

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Speaker 1: that premium for this war? As long as it takes,

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Speaker 1: so Russia cannot in fact to see Ukraine and move

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Speaker 1: beyond Ukreane. Oh, as long as it takes. Even you

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Speaker 1: want to talk about being out of touch. This is

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Speaker 1: a party that claims they have a monopoly of compassion

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Speaker 1: on the or the middle class, working people, minorities, Republicans

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Speaker 1: or racist and sexist and homophobic and xenophobic and islamophobic

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Speaker 1: and transphobic, and want dirty air and water and want

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Speaker 1: grandma and grandpa to die. I mean, it's it's just

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Speaker 1: the same old crap. But they don't give a rip.

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Speaker 1: They care more about their climate alarmist religious cult. They're

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Speaker 1: so indoctrinated into it that is way more important to

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Speaker 1: them than the suffering, the needless suffering of the American people, because,

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Speaker 1: as I've spelled out often, there's no there's no renewable

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Speaker 1: energy available for the next couple of decades that I

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Speaker 1: can see. Well, you know, what do they talk about

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Speaker 1: renewable energy? Windmills, solar panels? Really is that gonna as that?

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Speaker 1: How John Kerry and Joe Biden are gonna fly around

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Speaker 1: the world. It's pretty unbelievable. So Biden has on this

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Speaker 1: trip embarrassing all of us, you know, around the world

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Speaker 1: with world leaders. World leaders don't think America, he says,

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Speaker 1: is going in the wrong direction. Okay, Joe. Then he

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Speaker 1: lied again and he said other countries have far worse

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Speaker 1: inflation than ours. And I'm like, no, We've already given

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Speaker 1: those statistics out again and again and again. You're lying, Joe. Anyway,

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Speaker 1: here's a little summation of his trip. How do you

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Speaker 1: explain this to those people who feel the country is

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Speaker 1: going in the wrong direction, including some of the leaders

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Speaker 1: you've been meeting with this week, who think that when

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Speaker 1: you put all of this together, it amounts to an

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Speaker 1: America that is going backward. They do not think that

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Speaker 1: you haven't found one person, one world leader to say

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Speaker 1: America is coming backwards. America's a better position to lead

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Speaker 1: the world than we ever have been. We have the

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Speaker 1: strongest economy in the world. Our inflation rates are lower

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Speaker 1: than other nations in the world. The one thing that

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Speaker 1: has been destabilizing is the outrageous behavior of the Supreme

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Speaker 1: Court of the United States, an overruling not only Roe v. Wade,

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Speaker 1: but essentially challenging the right to privacy. We've been a

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Speaker 1: leader in the world in terms of personal rights and

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Speaker 1: privacy rights, and it is a mistake, in my view

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Speaker 1: for the Supreme Court to do what it did. But

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Speaker 1: I have not seen anyone come up to me do

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Speaker 1: anything other than nor have you heard them say anything

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Speaker 1: other than thank you for America's leadership. You've changed the

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Speaker 1: dynamic of NATO and the G seven. So I can

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Speaker 1: understand why the American people are frustrated because of what

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Speaker 1: the Supreme Court did. I can understand why the American

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Speaker 1: people are frustrated because of inflation. But inflation is higher,

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Speaker 1: and almost every other country prices is the pumper higher,

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Speaker 1: and almost every other country. We're better positioned to deal

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Speaker 1: with this than anyone. But we have a way to go,

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Speaker 1: and the Supreme Court we have to change decision by

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Speaker 1: codifying rov Wade unbelievable heart. So so he goes from

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Speaker 1: one to the other, the other to the other, and

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Speaker 1: you know where a leaders don't think Americans going in

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Speaker 1: the wrong direction, Yes they do. You know. The saddest

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Speaker 1: moment that I saw actually was when the French president Macron.

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Speaker 1: I mean, when we're getting lectured by the French, why

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Speaker 1: does that just annoy the living Adam Schiff out of me?

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Speaker 1: It just annoys me, like we should be getting lectures

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Speaker 1: from Western Europe and NATO allies. You know, all these

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Speaker 1: countries that became reliant on Putin energy, even though they

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Speaker 1: were warned sternly and repeatedly by Donald Trump, how how

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Speaker 1: shortsighted they all were, and how dumb they were, and

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Speaker 1: what have we learned? They gave into their environmental extremists.

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Speaker 1: Reports that Vladimir Putin himself was funding some of the

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Speaker 1: environmental pressures on these countries. These are the groups that

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Speaker 1: were pressuring their governments to abandon their own energy independence.

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Speaker 1: I have a hard time understanding the logic. I like,

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Speaker 1: if you know, if somebody can disagree with me, and

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Speaker 1: there's got to be some logic behind it. What is

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Speaker 1: the logic behind if we have, as I said, hundreds

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Speaker 1: of years of natural gas, oil, coal, that we can

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Speaker 1: be self sustaining the entire time now, I would imagine

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Speaker 1: in a couple of hundred years we'd be probably looking

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Speaker 1: at new sources of cheap energy. I would imagine, knowing

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Speaker 1: human progress the way we look at the last centrally

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Speaker 1: alone and all the developments of human kind has made,

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Speaker 1: I would imagine that there'll be alternative sources of cheap

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Speaker 1: energy that are perfectly clean. But we don't have them now.

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Speaker 1: And in the meantime, the life blood of the world's

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Speaker 1: economy is the fossil fuels that he said during the

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Speaker 1: campaign he's going to eliminate. So he doesn't care about

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Speaker 1: the suffering of you, the American people. He doesn't care

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Speaker 1: about the cost of everything going higher, and he's saying it,

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Speaker 1: and then he claims he has this. His only problem

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Speaker 1: is a communication problem. We're not telling Americans how great

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Speaker 1: we are, how much we've accomplished. No, we can see

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Speaker 1: it for ourselves. We feel it every day, every one

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Speaker 1: of us. I mean, it's unreal twenty four year low

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Speaker 1: in terms of mortgage applications, fourteen year high mortgage rates

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Speaker 1: now headed towards six percent. According to Fox Business. It's

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Speaker 1: said in this article, mounting financial pressures are compounding the

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Speaker 1: ongoing affordability crisis and real estate markets. By the way

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Speaker 1: they quote this guy at realtor dot com, manager of

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Speaker 1: economic research, rents home prices continue to rise at double

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Speaker 1: digit rates for buyers of a medium priced home. The

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Speaker 1: one two punches record prices and rising interest rates that

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Speaker 1: has pushed the monthly mortgage payment to about six sixty

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Speaker 1: four percent, more than just one year ago, tacking on

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Speaker 1: over eight hundred dollars to the cost of financing. People

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Speaker 1: can't afford it, people that are just entering the housing

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Speaker 1: market for the first time. I'll never forget when I

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Speaker 1: got to buy my first house in my thirties. I

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Speaker 1: was so happy. Paid one hundred and fourteen thousand on

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Speaker 1: like two acres of land nestled at the end of

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Speaker 1: a cul de sac with a lot of trees. I mean,

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Speaker 1: made a little money. When I sold it, I was

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Speaker 1: so happy. I mean, that's the American dream. Though, you know,

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Speaker 1: maybe one day on your own place, whatever it happens

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Speaker 1: to be, it's yours. You own it. You know the

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Speaker 1: truth is in life if you're looking. If you look

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Speaker 1: at life and you know that two things are true,

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Speaker 1: death and taxes. We all think we own stuff, right.

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Speaker 1: You think you own your house. You don't own your house.

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Speaker 1: You think you're on your car. You don't own your car.

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Speaker 1: You think you own this, your favorite toy, whatever it

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Speaker 1: happens to be your things that you like. Your watch

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Speaker 1: is I don't know. All my friends like watches, and

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Speaker 1: a lot of my friends and motorheads they like these

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Speaker 1: sports cars. I don't know. I have no interest in

429
00:26:07,440 --> 00:26:09,840
Speaker 1: these sports cars. I don't care. You know what I

430
00:26:09,880 --> 00:26:15,399
Speaker 1: do have. I'm grateful for I really am. But you know,

431
00:26:15,560 --> 00:26:18,639
Speaker 1: I try not to get too connected to stuff. But

432
00:26:18,760 --> 00:26:22,440
Speaker 1: here's where we're all renters, because when you drop dead

433
00:26:22,480 --> 00:26:24,920
Speaker 1: one day, and we'll all drop dead one day, just

434
00:26:24,960 --> 00:26:28,399
Speaker 1: to quote Joe Biden, when when you leave this earth,

435
00:26:29,400 --> 00:26:32,439
Speaker 1: and hopefully all of us will go into one of

436
00:26:32,440 --> 00:26:35,440
Speaker 1: those mansions that Jesus talked about in my father's house

437
00:26:35,440 --> 00:26:37,800
Speaker 1: are many mansions, and I'll go and prepare a place

438
00:26:37,840 --> 00:26:41,320
Speaker 1: for you, and you know this day you'll be with

439
00:26:41,440 --> 00:26:44,080
Speaker 1: us in paradise. Paradise and a mansion I can I

440
00:26:44,119 --> 00:26:47,320
Speaker 1: can go for that. I'll take I'll take the cottage

441
00:26:47,320 --> 00:26:48,920
Speaker 1: in the back of the mansion. I don't care, as

442
00:26:48,920 --> 00:26:51,840
Speaker 1: long as I get there instead of the other place. Anyway.

443
00:26:52,119 --> 00:26:54,639
Speaker 1: It's but when you die, somebody else is going to

444
00:26:54,720 --> 00:26:57,720
Speaker 1: live in your house. They'll own it when you die.

445
00:26:57,800 --> 00:27:00,719
Speaker 1: Somebody's gonna own your car when you die, They're going

446
00:27:00,760 --> 00:27:03,560
Speaker 1: to own all those stupid watches you paid a fortune for.

447
00:27:04,640 --> 00:27:07,000
Speaker 1: I give watches away as gifts often. I give a

448
00:27:07,000 --> 00:27:11,879
Speaker 1: ton of watches away people because people love them. And

449
00:27:12,040 --> 00:27:14,240
Speaker 1: over the years I've given a lot of watches away

450
00:27:14,680 --> 00:27:17,000
Speaker 1: as gifts because I know people how much people love them.

451
00:27:17,040 --> 00:27:19,600
Speaker 1: And some of them are really expensive, some of them

452
00:27:19,600 --> 00:27:24,880
Speaker 1: are rare. The Federal Reserve Chairman Jerome Powell said yesterday

453
00:27:24,880 --> 00:27:28,680
Speaker 1: that the Fed's efforts to rain in inflation could result

454
00:27:28,720 --> 00:27:32,600
Speaker 1: in substantial job losses and hire unemployment numbers. Well, we've

455
00:27:32,600 --> 00:27:34,359
Speaker 1: told you this down for a long time, that this

456
00:27:34,440 --> 00:27:36,399
Speaker 1: is going to happen. This is one of the consequences

457
00:27:36,840 --> 00:27:39,960
Speaker 1: when they start raising rates this way. Powell warned that

458
00:27:40,000 --> 00:27:42,359
Speaker 1: there's no guarantee the Central Bank will be able to

459
00:27:42,400 --> 00:27:46,359
Speaker 1: bring inflation to heal without sacrifices in the job market,

460
00:27:46,400 --> 00:27:50,840
Speaker 1: while reiterating policymakers aim to achieve a soft landing in

461
00:27:50,880 --> 00:27:53,680
Speaker 1: their effort to rain in surging prices. You know, they

462
00:27:53,720 --> 00:27:56,680
Speaker 1: talk about this soft landing out of a recession. That's

463
00:27:56,680 --> 00:27:59,000
Speaker 1: what they call it. It's gonna be a soft landing.

464
00:27:59,680 --> 00:28:02,080
Speaker 1: I don't see any soft landing. I see this thing

465
00:28:02,240 --> 00:28:06,560
Speaker 1: crashing and burning. Where's the doubt today, Linda, I haven't

466
00:28:06,600 --> 00:28:08,400
Speaker 1: looked at I saw earlier today. I was down about

467
00:28:08,440 --> 00:28:12,359
Speaker 1: five or six hundred something like that. Um. But anyway,

468
00:28:12,359 --> 00:28:14,600
Speaker 1: he goes on to say, these imbalances need to be

469
00:28:14,640 --> 00:28:16,880
Speaker 1: evened out in order to bring inflation down. We think

470
00:28:16,960 --> 00:28:19,639
Speaker 1: that there are pathways for us to achieve that, to

471
00:28:19,720 --> 00:28:23,080
Speaker 1: achieve the path back to two percent inflation. Well, they

472
00:28:23,080 --> 00:28:25,320
Speaker 1: inherited one point four percent one. Don't you go back

473
00:28:25,320 --> 00:28:28,840
Speaker 1: to that number? Anyway? Well, what is it down? You

474
00:28:28,840 --> 00:28:30,560
Speaker 1: can say it on it. It's down three hundred plus.

475
00:28:30,720 --> 00:28:35,719
Speaker 1: We're at okay. Everyone knows that impacts their fourty one k, right,

476
00:28:35,880 --> 00:28:40,360
Speaker 1: everybody knows all that money that you thought you were

477
00:28:40,600 --> 00:28:44,280
Speaker 1: you had in your retirement, it's all gone. And no

478
00:28:44,400 --> 00:28:46,680
Speaker 1: hope really in my mind that this is going to

479
00:28:46,720 --> 00:28:52,280
Speaker 1: turn around anytime soon, anyway, while retaining sustained a sustaining

480
00:28:52,280 --> 00:28:54,520
Speaker 1: a strong labor marker. We believe we can do that.

481
00:28:54,520 --> 00:28:57,880
Speaker 1: That's our aim. Is no guarantee we can do the

482
00:28:57,920 --> 00:29:02,160
Speaker 1: same idiots that we're telling us inflation is transitory. The

483
00:29:02,200 --> 00:29:06,240
Speaker 1: Atlanta Fed is now saying and estimating that the US

484
00:29:06,320 --> 00:29:09,680
Speaker 1: economy contracted by one percent in the second quarter. We'll

485
00:29:09,720 --> 00:29:15,600
Speaker 1: be getting second quarter growth contraction numbers now that the

486
00:29:15,680 --> 00:29:21,960
Speaker 1: month of June is as of today no more and anyway, so,

487
00:29:22,000 --> 00:29:26,520
Speaker 1: the Federal Reserve Bank of atlantas closely watched GDP now

488
00:29:26,600 --> 00:29:31,200
Speaker 1: tracker estimated yesterday that output contracted one percent during the

489
00:29:31,200 --> 00:29:35,440
Speaker 1: second quarter. The model considers publicly released data, which generally

490
00:29:35,520 --> 00:29:39,840
Speaker 1: reflects activity through May. We'll see both estimates, by the way,

491
00:29:40,000 --> 00:29:45,080
Speaker 1: would mark the second straight quarter quarterly contraction after annualized

492
00:29:45,160 --> 00:29:48,160
Speaker 1: output decreased at one point six percent rate at a

493
00:29:48,200 --> 00:29:50,320
Speaker 1: one point six percent rate during the first three months

494
00:29:50,320 --> 00:29:52,880
Speaker 1: of the other first quarter of the year. I mean,

495
00:29:52,960 --> 00:29:56,440
Speaker 1: it's just not good. And then Biden again falsely out

496
00:29:56,480 --> 00:30:01,880
Speaker 1: there claiming abroad that inflation is worse every where but here. Meanwhile,

497
00:30:01,920 --> 00:30:07,040
Speaker 1: the US rate is higher than most developed countries. US

498
00:30:07,080 --> 00:30:11,120
Speaker 1: wholesale inflation hit ten point eight percent this week, and

499
00:30:11,200 --> 00:30:13,840
Speaker 1: he's telling everybody that will listen, and nobody knows what

500
00:30:13,880 --> 00:30:15,720
Speaker 1: the hell he's talking about. Anyway, he doesn't even know

501
00:30:15,760 --> 00:30:18,240
Speaker 1: half the time what he's talking about. But he claimed

502
00:30:18,240 --> 00:30:21,680
Speaker 1: that in platition worldwide is worse everywhere but here. That's

503
00:30:21,720 --> 00:30:24,840
Speaker 1: just not true. He made the same claim and we

504
00:30:24,920 --> 00:30:26,760
Speaker 1: pointed it out when he spoke at the a fl

505
00:30:26,880 --> 00:30:30,800
Speaker 1: CIO conference in Philly. And you know, under my plan

506
00:30:30,880 --> 00:30:34,960
Speaker 1: for the economy, this disaster we're experiencing, he said, we've

507
00:30:34,960 --> 00:30:38,800
Speaker 1: made extraordinary progress. We're in the middle of a transition,

508
00:30:39,320 --> 00:30:41,800
Speaker 1: meaning I'm not going to give in and go back

509
00:30:41,800 --> 00:30:46,200
Speaker 1: to energy independence. That's all that means. Economic data from

510
00:30:46,240 --> 00:30:48,600
Speaker 1: April of twenty twenty two, US in platition rate eight

511
00:30:48,640 --> 00:30:55,680
Speaker 1: point three percent higher than Japan, France, Germany, Britain, Italy, Canada.

512
00:30:56,040 --> 00:31:00,240
Speaker 1: Excuse me, I mean it's it went to a point

513
00:31:00,280 --> 00:31:02,840
Speaker 1: six percent a month later. Americans now are facing a

514
00:31:02,880 --> 00:31:07,840
Speaker 1: wholesale inflation rate wholesale not retail, of ten point eight percent.

515
00:31:07,880 --> 00:31:10,080
Speaker 1: Who do you think is going to pay that? It's

516
00:31:10,160 --> 00:31:14,200
Speaker 1: like I keep telling everybody, corporations don't pay taxes they

517
00:31:14,240 --> 00:31:18,600
Speaker 1: pass that cost onto you. You know, prices are rising

518
00:31:19,560 --> 00:31:24,560
Speaker 1: and confidence is plummeting. The consumer Confidence index fell to

519
00:31:24,640 --> 00:31:30,080
Speaker 1: a sixteen month low. Unbelievable. Here's an interesting statistic in

520
00:31:30,160 --> 00:31:35,440
Speaker 1: New York. Some three hundred thousand New York City residents,

521
00:31:35,480 --> 00:31:39,560
Speaker 1: who as a group together earned twenty one billion dollars

522
00:31:39,560 --> 00:31:45,480
Speaker 1: in twenty nineteen, left New York City when the pandemic hit,

523
00:31:46,520 --> 00:31:50,719
Speaker 1: and The New York Post reported that IRS data based

524
00:31:50,720 --> 00:31:53,600
Speaker 1: on tax filing show that the mad dash for the

525
00:31:53,640 --> 00:31:57,960
Speaker 1: doors represented the largest loss of income in New York

526
00:31:58,000 --> 00:32:02,200
Speaker 1: City history. Statewide, high income New Yorkers, those making over

527
00:32:02,240 --> 00:32:07,160
Speaker 1: two hundred grand a year, represented a larger share of

528
00:32:07,200 --> 00:32:10,160
Speaker 1: those leaving, ten point seven percent. They're all leaving. You

529
00:32:10,240 --> 00:32:15,760
Speaker 1: know what states are getting rich, Carolinas, Tennessee, Florida, Texas,

530
00:32:15,800 --> 00:32:21,880
Speaker 1: they're getting rich. Unbelievable. But you know, you can't trust them.

531
00:32:21,920 --> 00:32:23,560
Speaker 1: And by the way, there's a lot of infighting here.

532
00:32:23,600 --> 00:32:26,680
Speaker 1: Top Democrats of warning Biden could face a primary challenge

533
00:32:26,880 --> 00:32:30,240
Speaker 1: that came out of NBC News. That's all true. They

534
00:32:30,240 --> 00:32:33,840
Speaker 1: don't want him running. Kamala Harris even cast doubt on

535
00:32:33,920 --> 00:32:38,320
Speaker 1: Biden's plan to run in twenty twenty four. Anyway, she said,

536
00:32:38,360 --> 00:32:40,720
Speaker 1: the president intends to run, and if he does, I

537
00:32:40,800 --> 00:32:44,959
Speaker 1: will be his ticket mate. We will run together. Harris

538
00:32:44,960 --> 00:32:48,520
Speaker 1: made the comments on Air Force two after burning fossil fuels,

539
00:32:49,280 --> 00:32:51,720
Speaker 1: after her advisors told the reporter that she wanted to

540
00:32:51,720 --> 00:32:53,640
Speaker 1: come back to the back of the plane to clarify

541
00:32:54,240 --> 00:32:57,400
Speaker 1: the unequivocal response she gave when asked Monday if Biden

542
00:32:57,400 --> 00:33:00,000
Speaker 1: would run in twenty twenty four. Joe Biden is running

543
00:33:00,080 --> 00:33:05,600
Speaker 1: for reelection. I will be his ticket mate. Bull stop. Okay,

544
00:33:06,120 --> 00:33:09,440
Speaker 1: let's clean up more messes this time from her. Biden

545
00:33:09,480 --> 00:33:12,320
Speaker 1: made a mistake too, He said Switzerland is joining NATO,

546
00:33:12,760 --> 00:33:15,600
Speaker 1: not Sweden. Whoopsie Daisy. At least he caught that one

547
00:33:16,160 --> 00:33:19,040
Speaker 1: eighty five percent now of Americans believe the country is

548
00:33:19,040 --> 00:33:23,600
Speaker 1: headed in the wrong direction. Biden's approval on Real clear politics,

549
00:33:23,680 --> 00:33:28,160
Speaker 1: his average is at a new low. All right, when

550
00:33:28,240 --> 00:33:31,680
Speaker 1: we come back, we'll check in with Greg Jarrett, Alan Durshowitz,

551
00:33:31,720 --> 00:33:32,560
Speaker 1: and Cash Patel