WEBVTT - Hold The Line w/ Buck Sexton - 04-28-22 0:00:11.657 --> 0:00:14.937 You're listening to the Buck Sexton Shoe podcast, make sure 0:00:14.937 --> 0:00:17.577 you subscribe to the podcast on the iHeart Radio app 0:00:17.817 --> 0:00:23.017 or wherever you get your podcasts. More bad news on 0:00:23.057 --> 0:00:26.257 the economic front for the American people, as the GDP 0:00:26.657 --> 0:00:30.097 in this country shrank by one point four percent last quarter, 0:00:30.377 --> 0:00:33.057 well blow the one percent growth that had been predicted 0:00:33.057 --> 0:00:36.977 by economists. Surprise, Oh yeah, such a surprise. Democrats are 0:00:37.017 --> 0:00:39.897 blaming the economic slowdown on everything from Vladimir Putin to 0:00:39.937 --> 0:00:42.617 people not paying their fair share to anyone who's been 0:00:42.617 --> 0:00:45.337 paying attentions in twenty twenty one. Just the latest evidence 0:00:45.377 --> 0:00:48.537 that Bidenomics is not working for the American people. Friends, 0:00:48.577 --> 0:00:56.777 it is time for holding on. Welcome to holding on on, 0:00:56.897 --> 0:01:00.977 buck Sexton. Bad economy. Biden can't turn it around, and 0:01:01.137 --> 0:01:03.577 he's responsible for so much of the crappy decision making 0:01:03.617 --> 0:01:05.537 as we've seen. So what are they gonna do. Well, 0:01:05.817 --> 0:01:07.497 they're gonna lie to you about it. They're gonna try 0:01:07.497 --> 0:01:09.937 to hide the football. They're gonna try to pretend that 0:01:10.377 --> 0:01:12.377 it's someone else's fault. But we're not going to let 0:01:12.417 --> 0:01:14.737 them get away with that. Here's a graphic that'll show 0:01:14.737 --> 0:01:17.537 you where we are right now. GDP growth in the 0:01:17.737 --> 0:01:21.257 Biden administration and a sad Biden face. They're one point 0:01:21.417 --> 0:01:25.737 four percent down in this quarter. Now, this is this Isiden, 0:01:25.857 --> 0:01:29.017 very solemn face. This is of course, what could be 0:01:29.057 --> 0:01:32.897 the beginning of a recession. You get two quarters of 0:01:32.977 --> 0:01:35.777 negative economic growth, you are officially in a recession. And 0:01:35.817 --> 0:01:38.937 we could well be seeing that because remember inflation is 0:01:38.937 --> 0:01:41.497 at a forty year high eight point five percent for 0:01:41.537 --> 0:01:45.337 the last month, which is a lot, and that is 0:01:45.377 --> 0:01:48.497 just eating away at any economic gains, any financial gains 0:01:48.537 --> 0:01:52.417 folks could have. So how do the people American people 0:01:52.537 --> 0:01:56.257 feel about the economy right now? Well, two percent think 0:01:56.297 --> 0:02:00.377 it's excellent, and I think they're probably in the employee 0:02:00.497 --> 0:02:04.777 of the West wing of this White House and or 0:02:04.857 --> 0:02:07.497 just completely disconnected from reality. Maybe they can't read a survey, 0:02:07.577 --> 0:02:09.897 or they like being more poor than they were before. 0:02:10.737 --> 0:02:13.617 Eighteen percent say good, Yeah, those are left wing Democrats 0:02:13.657 --> 0:02:15.777 who hate Trump so much. That's down twenty six percent 0:02:15.817 --> 0:02:19.617 from last year. By the way, forty two percent say poor, 0:02:19.657 --> 0:02:22.457 thirty eight percent say fair. I mean, these are huge 0:02:22.977 --> 0:02:29.057 increases in the negative direction for the economy because things 0:02:29.097 --> 0:02:31.457 are not going well. People actually can observe this, right, 0:02:31.497 --> 0:02:33.857 you see what's going on with the price of gas. 0:02:33.977 --> 0:02:36.537 You see how much more expensive your grocery bill is. 0:02:36.977 --> 0:02:39.217 You know that, you feel that that's real. They can 0:02:39.257 --> 0:02:41.057 tell you it's not, but you know that they're lying 0:02:41.097 --> 0:02:44.377 to you. So that's an issue. Biden's got to figure 0:02:44.377 --> 0:02:47.137 a way to spin this because they are heading into 0:02:47.257 --> 0:02:51.497 a nightmarish mid term election. Going to be so great 0:02:51.537 --> 0:02:53.977 for America, freedom and all that is good in the world, 0:02:54.017 --> 0:02:57.897 but the Democrats are going to be really sad. Despite 0:02:58.017 --> 0:03:02.337 the GDP drop for the first quarter, Biden wants you 0:03:02.377 --> 0:03:06.297 to know, there's enormous, enormous growth in the economy. Watch 0:03:06.377 --> 0:03:10.617 this one. I think we're what you're seeing is enormous 0:03:10.657 --> 0:03:15.337 growth in the country that it was affected by everything 0:03:15.377 --> 0:03:18.417 from COVID and the COVID blockages that we've occurred along 0:03:18.457 --> 0:03:23.617 the way, COVID blockages or something, you know whatever, something 0:03:23.697 --> 0:03:26.697 like that. Right, No, no, No, What you've actually seen is, 0:03:26.697 --> 0:03:29.417 first of all, we spend too much money and lockdowns 0:03:29.457 --> 0:03:32.697 which were championed by Democrats, but they did occur under 0:03:32.857 --> 0:03:36.137 the Trump administration at some level too. So we do 0:03:36.217 --> 0:03:38.537 need to be cognizant of reality because we're not the left, 0:03:38.537 --> 0:03:39.737 We're not going to make it up. Here, we spend 0:03:39.737 --> 0:03:42.297 too much money. The inflation is a problem. Remember, the 0:03:42.337 --> 0:03:45.497 Democrats want to spend even more money though already beyond 0:03:45.697 --> 0:03:50.657 the existing the existing deficit spending that's going to be 0:03:50.697 --> 0:03:53.017 going on based on automatic spending in the federal budget. 0:03:53.537 --> 0:03:55.697 So they're crazy. I mean, they're just going to make 0:03:55.737 --> 0:03:59.417 this whole thing worse. But what are they going to do? Well? 0:03:59.537 --> 0:04:03.057 You see the politics of envy and of class warfare 0:04:03.097 --> 0:04:05.377 are always the go to for Democrats because people are 0:04:05.377 --> 0:04:07.017 feeling the pain right now at the pump, at the 0:04:07.057 --> 0:04:09.657 grocery store, paying their mortgage. Go try to buy a 0:04:09.777 --> 0:04:12.177 used car, You'll say to yourself, mine, gosh, this has 0:04:12.217 --> 0:04:16.057 gotten really expensive used cars. Both think about that. And 0:04:16.257 --> 0:04:19.337 Joe Biden says that if we really want to turn 0:04:19.377 --> 0:04:21.097 this thing around, you know, we have to do again, 0:04:21.097 --> 0:04:23.377 like I said, a little class warfare. Let's just talk 0:04:23.417 --> 0:04:28.537 about how Republicans need to pay their fair share. Why 0:04:29.057 --> 0:04:32.177 for our Republican friends are really interested in doing something 0:04:32.217 --> 0:04:37.017 about dealing with the economic growth, and they should help 0:04:37.137 --> 0:04:39.977 us continue to lower the deficit, which we've done last 0:04:40.057 --> 0:04:42.817 year over three and fifty billion dollars. They should be 0:04:42.817 --> 0:04:45.017 willing to work with us to have a tax code 0:04:45.057 --> 0:04:50.577 that is actually one that works, and everybody pays their 0:04:50.617 --> 0:04:54.697 fair share, and they should be in a position where 0:04:56.257 --> 0:04:58.537 you shouldn't be raising taxes on middle class folks. You 0:04:58.617 --> 0:05:02.297 should be raising taxes on people who everyone acknowledges in 0:05:02.337 --> 0:05:04.697 the vast majority of Republicans on paying their fair share. 0:05:06.297 --> 0:05:10.337 The vast majority of Republicans, notices aren't paying their fair 0:05:10.377 --> 0:05:13.777 share last time I checked. You know, Jeff Bezos is 0:05:13.817 --> 0:05:17.537 a huge Democrat, big lid, and go down the list. 0:05:17.697 --> 0:05:20.097 A lot of the richest people in the country, in 0:05:20.137 --> 0:05:24.177 the world are Democrats. We know this, right. Nancy Pelosi's 0:05:24.177 --> 0:05:28.177 super rich, He's a Democrat. There's so many rich Democrats. Hollywood, 0:05:28.377 --> 0:05:30.817 New York City, the Upper East Side, Santa Monica. These 0:05:30.817 --> 0:05:34.217 are all Democrats strongholds. In fact, the wealthiest parts of 0:05:34.257 --> 0:05:39.097 every city in the country are overwhelmingly Blue Democrats stronghold. 0:05:39.177 --> 0:05:41.777 So what is he even talking about. Republicans have to 0:05:41.817 --> 0:05:45.097 pay their fair share. Yeah, okay, a small business owner 0:05:45.097 --> 0:05:47.697 who lives in Oklahoma is making fifty grand a year. 0:05:47.777 --> 0:05:50.417 He's not paying his fair share. A lot of Republicans 0:05:50.417 --> 0:05:54.257 just like that, folks. It's all just blather from these idiots, 0:05:54.297 --> 0:05:56.377 because what are they gonna say, we're bad at our jobs, 0:05:56.457 --> 0:05:59.097 we don't know what we're doing. Our whole class warfare 0:05:59.217 --> 0:06:01.897 stick isn't going to get it done. I mean, Joe 0:06:01.897 --> 0:06:04.937 Biden somehow maybe what was it, seventeen million dollars after 0:06:04.937 --> 0:06:08.097 he was vice president. That's interesting, five million of it unexplained, 0:06:08.097 --> 0:06:10.777 by the way. But oh, he's just fighting for the folks. 0:06:10.897 --> 0:06:13.417 You see, he cares about the working class, sure he does. 0:06:13.657 --> 0:06:15.497 You know who else pretends that cares so much about 0:06:15.497 --> 0:06:19.577 the working class, Chuck Schumer. And now that they're saying 0:06:19.617 --> 0:06:21.857 as well, Republicans who aren't in power and don't get 0:06:21.897 --> 0:06:24.777 to make decisions, they're not doing anything to make this better. 0:06:24.857 --> 0:06:28.497 Here's the Senate majority leader. Democrats are focused like a 0:06:28.617 --> 0:06:33.537 laser on developing and passing legislation to lower costs and 0:06:33.897 --> 0:06:38.537 improve americans daily lives. It is our top priority, and 0:06:38.657 --> 0:06:42.097 higher gas prices is the place where Americans feel it 0:06:42.257 --> 0:06:46.137 the most. But passing legislation to fight higher gas prices 0:06:46.177 --> 0:06:49.977 at the pump is at the very top of our list. 0:06:50.697 --> 0:06:53.337 The American people didn't send us here to just point 0:06:53.377 --> 0:06:55.737 fingers a blame at each other. That seems to be 0:06:55.777 --> 0:06:57.777 what our colleagues on the other side of the ai'll do. 0:06:57.897 --> 0:07:04.057 They don't have any constructive suggestions, no constructive suggestions. How 0:07:04.097 --> 0:07:06.297 about get out of the way, stop taxing people, stop 0:07:06.297 --> 0:07:09.657 with your regulation, unleash the energy sector, fossil fuel energy, 0:07:09.737 --> 0:07:12.657 that is is, stop telling industry that you're going to 0:07:12.697 --> 0:07:16.417 be taxing them even more, Stop telling people that they're 0:07:16.457 --> 0:07:19.057 not paying their fair share. Get out of the way. 0:07:19.137 --> 0:07:22.617 America is the greatest engine of economic prosperity and growth 0:07:22.617 --> 0:07:26.217 of any country in history. Get out of the way lives. 0:07:26.297 --> 0:07:29.697 But they won't do it. Fact Pelosi, who somehow it's 0:07:29.777 --> 0:07:33.577 really good at investing in the stock market for somebody 0:07:33.577 --> 0:07:35.417 who has a whole lot of what would be considered 0:07:35.417 --> 0:07:39.617 inside information, right but anyway, Nancy Pelosi, but they're exempted 0:07:39.617 --> 0:07:41.257 from that. As you know, Congress doesn't really have to 0:07:41.257 --> 0:07:43.657 play by insider information laws the same way as other people. 0:07:43.977 --> 0:07:47.177 Belosi says that it's exploitation by the oil companies. That's 0:07:47.177 --> 0:07:51.177 the problem for gas prices. Watch so lowering cost at 0:07:51.257 --> 0:07:54.417 the pump, lowering cost at the kitchen table. That's what 0:07:54.617 --> 0:07:58.817 Democrats are about. And again we're going to beginning down 0:07:58.857 --> 0:08:02.377 this path with very serious legislation that is for now 0:08:03.017 --> 0:08:07.817 recognizing COVID and what that has done to supply the Ukraine, 0:08:07.897 --> 0:08:10.937 what that has done to supply, but ignizing there is 0:08:10.977 --> 0:08:15.897 an ongoing exploitation and manipulation that its own fair to 0:08:15.937 --> 0:08:21.617 America's working families. Ah Yes, brainless pseudo populism. Courtesy of 0:08:21.697 --> 0:08:25.137 Nancy Pelosi. We'll have more on today's disappointing economic news 0:08:25.137 --> 0:08:28.137 with economists Steve Moore. We come back for a moment. 0:08:28.217 --> 0:08:31.217 Let's talk about protecting your home. Because can someone steal 0:08:31.217 --> 0:08:33.457 your home online? Well, yeah, in a sense, they can. 0:08:33.537 --> 0:08:35.577 It's called home title theft. 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You'll see if 0:08:56.657 --> 0:08:58.937 you're already a victim, you might not even know it yet, 0:08:59.257 --> 0:09:02.017 and you can actually protect your home when you sign up. 0:09:02.057 --> 0:09:03.657 Tell them Buck Sex and sent you you've got a 0:09:03.697 --> 0:09:07.937 listener discount hometuntlelock dot com Again, that's home tetlelock dot com. 0:09:08.097 --> 0:09:16.457 Even more coming up next. Stay with us. I'm concerning 0:09:16.537 --> 0:09:20.337 you about a recession given the GDD reports nation the 0:09:20.377 --> 0:09:25.337 contraction at one point four percent. Well, I'm not concerned 0:09:25.337 --> 0:09:30.457 about a recession. I mean, you're always concerned about that recession. 0:09:30.497 --> 0:09:36.377 But the GDP, you know, filled to one. Yeah, you 0:09:36.417 --> 0:09:38.817 know whatever that's supposed to mean. Despite the bad news 0:09:38.857 --> 0:09:42.337 about America's economic growth, President Biden is saying he's, you know, 0:09:42.417 --> 0:09:45.177 not that worried about our recession. Really probably worth noting 0:09:45.217 --> 0:09:47.777 he wasn't worried about the long term effective inflation either. 0:09:47.937 --> 0:09:51.817 But here we are at least one major financial institution 0:09:52.177 --> 0:09:55.177 is worried about a recession. This week, economist at Deutsche 0:09:55.177 --> 0:09:58.297 Bank predicted a quote major recession could be on its way, 0:09:58.617 --> 0:10:01.057 claim it would likely be worse than the investment bank 0:10:01.137 --> 0:10:05.057 initially predicted. So could America be headed for recession or 0:10:05.137 --> 0:10:08.257 is there still time to let's say right the plane 0:10:08.777 --> 0:10:12.457 I mean now. Senior economic at FreedomWorks, Steve Moore, Steve, 0:10:12.497 --> 0:10:16.217 thanks for being with us. Thank you. I mean, so 0:10:16.377 --> 0:10:18.817 just put it in the context. How bad is the 0:10:18.857 --> 0:10:20.937 news today before I get the predictions and the other 0:10:20.937 --> 0:10:23.777 things going here? One point five I'm sorry, one point 0:10:23.777 --> 0:10:28.897 four percent GDP decrease. What's that like? It's very negative 0:10:28.937 --> 0:10:32.257 and it's shockingly negative. I mean, first of all, anytime 0:10:32.297 --> 0:10:34.457 you get a negative number on GDP, that's bad. It 0:10:34.497 --> 0:10:38.057 means the economy is contracting. It means people are getting poorer. 0:10:38.537 --> 0:10:43.497 But more importantly, you know, we should be booming right now. 0:10:43.617 --> 0:10:46.897 I mean, my goodness, COVID is over, businesses are reopening, 0:10:46.897 --> 0:10:49.337 people are going out back out to restaurants and stores. 0:10:49.617 --> 0:10:54.097 You've got the all of these factors that should be 0:10:54.297 --> 0:10:56.497 We should be bib or six or seven percent positive 0:10:56.537 --> 0:10:58.777 growth right now. And I think if Trump for president, 0:10:58.817 --> 0:11:02.177 that's about where we would be. It's amazing how much 0:11:02.257 --> 0:11:05.137 bideness screwed up this economy in fourteen months now. The 0:11:05.217 --> 0:11:11.177 driving factor behind this bad report was inflation. Inflation is 0:11:11.217 --> 0:11:14.097 the villain here. If you look at the nominal GDP, 0:11:14.457 --> 0:11:17.857 that's the GDP not adjusted for inflation, there was a 0:11:17.937 --> 0:11:20.897 solid number. We grew by five five and a half percent. 0:11:21.057 --> 0:11:24.817 The problem is all of those gains were just eroded 0:11:24.817 --> 0:11:27.217 by this tidal wave of inflation. That's how we got 0:11:27.217 --> 0:11:31.057 a negative number. So you better do something, Joe Biden 0:11:31.097 --> 0:11:33.857 about spending, which is why yesterday when he announced that 0:11:33.977 --> 0:11:36.217 we're going to forgive one point six trillion dollars of 0:11:36.257 --> 0:11:38.177 debt and you have the federal government pay that off, 0:11:38.337 --> 0:11:40.657 and then today he says we're gonna have another thirty 0:11:40.657 --> 0:11:44.777 three billion dollars for Ukraine. They're just spending money like 0:11:44.857 --> 0:11:49.377 it's candy, and that's the driving force of this inflation. Yeah, 0:11:49.457 --> 0:11:51.737 I want to ask just a little more about that 0:11:51.897 --> 0:11:55.977 specific points, Steve, because they're now saying, of course it's 0:11:55.977 --> 0:11:57.817 the Putin price hike, which that's not going to fly 0:11:57.897 --> 0:12:00.377 there because we can see inflation was starting long before 0:12:00.457 --> 0:12:03.657 what happened in Ukraine. That's talking point fell away pretty quickly. 0:12:03.657 --> 0:12:06.737 But they are saying, well, there was a lot of 0:12:06.777 --> 0:12:10.337 spending that occurred during lockdowns, let's say, and under the 0:12:10.337 --> 0:12:14.177 Trump administration, and so this is really you're hearing this argument. 0:12:14.257 --> 0:12:17.817 Biden only spent one point nine trillion of emergency COVID 0:12:17.857 --> 0:12:20.737 funding in twenty twenty one. It was all that Trump 0:12:20.817 --> 0:12:23.177 indoors spending in twenty twenty that was the problem. What 0:12:23.217 --> 0:12:26.177 do you say to that? Sure, I mean we spent 0:12:26.497 --> 0:12:29.257 poor order five trillion dollars we didn't have on COVID, 0:12:30.017 --> 0:12:34.057 you know, so it's true. Okay, that's reality. All this 0:12:34.217 --> 0:12:37.897 money we borrowed, more money than we possibly could. You 0:12:37.977 --> 0:12:39.577 have to wonder what did we get from four to 0:12:39.657 --> 0:12:42.097 five trillion dollars? A million people still died of COVID. 0:12:42.177 --> 0:12:43.977 I mean, I think if we just a department of 0:12:43.977 --> 0:12:46.217 government just help people be safe, do the right thing. 0:12:46.257 --> 0:12:48.697 This is a dangerous virus. You know, all this money 0:12:49.697 --> 0:12:52.337 wouldn't have been spent and we wouldn't have this big 0:12:52.377 --> 0:12:54.777 problem with inflation. Right now. We've got to get the 0:12:54.817 --> 0:12:57.177 spending down. We've got to get you know, America drilling 0:12:57.177 --> 0:13:00.337 again and getting our energy independent again, and the FED 0:13:00.497 --> 0:13:02.137 is going to have to suck some of this inflation 0:13:02.177 --> 0:13:05.657 out of the economy. Now. I've done a number of 0:13:05.697 --> 0:13:07.657 interviews today. People always ask, well, wasn't that going to 0:13:07.737 --> 0:13:09.937 hurt the economy if we if we try to fight 0:13:09.937 --> 0:13:13.977 the inflation. And my point is, look, if if if 0:13:14.017 --> 0:13:16.457 I had a diagnosis said you've got a tumor, the 0:13:16.497 --> 0:13:18.497 first thing you do is take out the tumor, right, 0:13:18.817 --> 0:13:21.177 I mean, you know this idea that we just let 0:13:21.177 --> 0:13:24.297 this inflation linger. The longer lingers, the worse it's going 0:13:24.377 --> 0:13:26.457 to get. We haven't had inlay you know this. We 0:13:26.497 --> 0:13:29.137 haven't an inflation like this in forty years. We had 0:13:29.137 --> 0:13:32.297 one point five percent inflation when Trump left. Fourteen months later, 0:13:32.497 --> 0:13:35.497 we're eight and a half percent. And again, the match 0:13:35.737 --> 0:13:39.537 that lit this forest fire was out of control government 0:13:39.577 --> 0:13:41.937 spending and yes some of it was under Trump, and 0:13:41.977 --> 0:13:45.017 then Biden came in and spent another three trillion. So 0:13:45.137 --> 0:13:48.257 you published a piece on foxens dot com today in 0:13:48.337 --> 0:13:53.057 which you warned about stagflation. Just remind everybody what would 0:13:53.097 --> 0:13:54.857 that look like and why do you think we could 0:13:54.857 --> 0:13:58.097 be heading towards stagflation? Well, for those who are not 0:13:58.217 --> 0:14:00.177 familiar with that term, because we haven't had it for 0:14:00.217 --> 0:14:03.977 a long time in America, stagflation is the combination of 0:14:04.137 --> 0:14:08.057 runaway inflation, which we clearly have right now, plus a retreating, 0:14:08.937 --> 0:14:12.577 shrinking economy. Now we're not in a segulation now again, 0:14:12.577 --> 0:14:16.097 if we, if we, the economy couldn't rally this quarter. 0:14:16.537 --> 0:14:21.177 But it remembered, two quarters in a row of negative 0:14:21.177 --> 0:14:24.657 growth is officially any recession. So we've had one quarter, 0:14:25.257 --> 0:14:28.497 we get one more quarter. We are technically in a recession. 0:14:28.617 --> 0:14:31.257 I still think there's time to adjust to this. But 0:14:31.697 --> 0:14:33.977 when I hear Biden talk about, you know, we're a 0:14:34.057 --> 0:14:37.937 raise spending, and then I hear Chuck Schumer yesterday saying 0:14:37.937 --> 0:14:41.297 the best way to fight inflation was the major tax increase. Really, 0:14:41.817 --> 0:14:44.097 how in the world is a major tax increase going 0:14:44.137 --> 0:14:47.817 to cause the economy to do better? A very good 0:14:47.897 --> 0:14:50.097 question I'm wondering. I was gonna ask you about it. 0:14:50.097 --> 0:14:54.337 Here here's Pelosi and Schumer blaming oil company profiteering and 0:14:54.457 --> 0:14:57.377 hoarding for high Guy's process watch. They are hoarding the 0:14:57.457 --> 0:15:01.137 windfall while keeping prices high for people at the pump. 0:15:01.537 --> 0:15:04.137 And this time of war, at any time, there's no 0:15:04.217 --> 0:15:09.177 excuse for big oil companies to protect, to profiteer, to 0:15:09.377 --> 0:15:14.577 price gal or exploit families. Oil companies last year made 0:15:14.737 --> 0:15:21.337 record profits on these tragedies, almost like vultures. We have 0:15:21.377 --> 0:15:23.857 the Ukraine tragedy, we have the COVID tragedy, and do 0:15:23.937 --> 0:15:26.657 they try to make things better? No, they come in 0:15:26.857 --> 0:15:30.897 and make record profits. What do you say to that 0:15:32.177 --> 0:15:35.017 all companies are in business to make money and to 0:15:35.057 --> 0:15:38.537 make profits, And are we supposed to believe that all 0:15:38.537 --> 0:15:40.337 of a sudden, Joe Biden came into office, and all 0:15:40.377 --> 0:15:43.817 of a sudden, these companies got greedy. I mean, companies 0:15:43.977 --> 0:15:45.817 always try to make as much money as they can. 0:15:46.897 --> 0:15:50.417 We wouldn't have this crisis in energy and the high 0:15:50.417 --> 0:15:52.537 gas prices that are reaching five and in some cases 0:15:52.537 --> 0:15:55.217 six dollars a gallon around the country if we just 0:15:55.297 --> 0:15:58.697 continue to promote American oil and gas. Let's not forget that. 0:15:58.777 --> 0:16:02.457 Joe Biden said multiple times when he was running for 0:16:02.537 --> 0:16:06.737 president and even as president that his objective and many 0:16:06.777 --> 0:16:09.577 of his of his aides have said the same thing. 0:16:09.737 --> 0:16:12.177 We want to destroy the American oil and gas industry. 0:16:12.377 --> 0:16:15.257 So they reduced dramatically the amount of oil and gas 0:16:15.297 --> 0:16:17.777 we produce, and guess what happens. That means the price 0:16:17.857 --> 0:16:20.257 goes up. And for those oil companies that have the 0:16:20.337 --> 0:16:22.857 oil gas, they have gotten a profit out of this, 0:16:22.897 --> 0:16:25.537 because the price of oil under Biden went from sixty 0:16:25.537 --> 0:16:28.657 dollars to one hundred and ten dollars a barrel. What 0:16:28.697 --> 0:16:31.297 are we looking at in the next six months. It 0:16:31.377 --> 0:16:35.137 feels like we've got some bad indicators here. Inflation is 0:16:35.457 --> 0:16:38.897 obviously at this forty year high, and the Biden administration 0:16:38.937 --> 0:16:40.417 when they come. It would be one thing if they 0:16:40.457 --> 0:16:42.337 were saying, Stephen, that they were going to do the 0:16:42.417 --> 0:16:44.177 right things to fix it. But sometimes it sounds like 0:16:44.177 --> 0:16:48.577 they're trying to make it worse exactly. That's what makes 0:16:48.577 --> 0:16:51.337 me so nervous about this. You know, they want to 0:16:51.337 --> 0:16:53.177 spend more, they want to tax more. There was a 0:16:53.177 --> 0:16:55.217 new regulation that came out last week that's going to 0:16:55.297 --> 0:16:58.937 cost our companies six billion dollars to comply. You know 0:16:58.977 --> 0:17:00.977 the fact that the borders out of control, the rising 0:17:01.057 --> 0:17:05.777 energy prices reverberate throughout the economy. We now have globally 0:17:05.857 --> 0:17:08.817 a food shortage, which is a you know, it could 0:17:08.817 --> 0:17:12.137 be a catastrophe, is real hunger and even a famine 0:17:12.257 --> 0:17:15.617 in many areas of the world. So these are troubling times. 0:17:16.137 --> 0:17:19.177 And I just want to point again to the fact 0:17:19.217 --> 0:17:23.377 that we've let this inflation monster out of the bottle 0:17:23.577 --> 0:17:25.777 and it's hard to get hard to stick that genie 0:17:25.817 --> 0:17:27.777 back in the bottle. But we better do it quickly 0:17:28.257 --> 0:17:30.577 because there's no way we're going to get growth in 0:17:30.617 --> 0:17:34.457 the economy if you've got eight nine percent inflation, it's 0:17:34.497 --> 0:17:39.217 almost impossible. Steve, appreciate the expertise as always, Thanks for 0:17:39.217 --> 0:17:41.177 being I wished I had a better upbeat thing. We 0:17:41.217 --> 0:17:44.857 can still get as as my buddy Larry Cudloy says, 0:17:44.897 --> 0:17:48.177 the cavalry is coming, but right now the policy regime 0:17:48.457 --> 0:17:54.457 in Washington is very negative. Yeah, obviously that's what we 0:17:54.497 --> 0:17:57.617 see happening. Steve, thanks so much, Thank you, Thank care 0:17:57.617 --> 0:18:01.137 of President Biden yesterday declared a room full of teachers 0:18:01.177 --> 0:18:04.497 that America's children are quote yours when they're in the classroom. 0:18:04.537 --> 0:18:07.257 A lot of people didn't like that one. My parents disagree. 0:18:07.257 --> 0:18:08.817 We've got more on it with New York Post Commis 0:18:08.897 --> 0:18:10.817 Carol Markowitz in a moment. I want to talk to 0:18:10.817 --> 0:18:12.857 you about protecking your online data. First, A lot of 0:18:12.897 --> 0:18:15.297 companies say your privacy is guaranteed. We know that's not true. 0:18:15.497 --> 0:18:18.137 That's why you need a new privacy and cybersecurity application 0:18:18.217 --> 0:18:21.297 called Secure. Its spelled SEK. You are. Security is using 0:18:21.297 --> 0:18:25.137 proprietary encryption and offering secure instant messaging and email with 0:18:25.297 --> 0:18:27.697 secure all of your communications based on service and data 0:18:27.737 --> 0:18:30.417 centers hosted in Switzerland without using any of the big 0:18:30.457 --> 0:18:33.737 tech platforms. Privacy is a big issue now. Without real security, 0:18:33.737 --> 0:18:36.337 people can read your emails, messages, even your bank information. 0:18:36.657 --> 0:18:38.697 Secure will never mind your data and never ask for 0:18:38.737 --> 0:18:41.617 your phone number. You can send emails to your doctor, banker, lawyer, 0:18:41.697 --> 0:18:44.057 or anyone with total confidence you're not being spied on 0:18:44.097 --> 0:18:46.857 by your internet provider or big tech. Secure is your 0:18:46.937 --> 0:18:49.217 solution to stop the constant theft of your digital identity. 0:18:49.297 --> 0:18:51.857 Costs only five dollars to the messenger, only ten dollars 0:18:51.897 --> 0:18:54.657 to the messenger and email combination packet. Go to secure 0:18:54.737 --> 0:18:57.937 dot com and take back your privacy today. That's sekure 0:18:58.097 --> 0:19:01.257 dot com and use promo code buck for twenty five 0:19:01.297 --> 0:19:03.857 percent off. We'll be right back with more. Hold the line. 0:19:09.297 --> 0:19:12.857 And our Board of Education, we we ban critical race theory. 0:19:13.217 --> 0:19:15.537 And so people in corporate media and on the left, 0:19:15.577 --> 0:19:18.297 what do they say, say, Oh, these conservatives they don't 0:19:18.337 --> 0:19:20.977 want to teach about slavery or anything like that, which 0:19:21.017 --> 0:19:24.337 is nonsense. Florida's statutes say, you know, teach about all 0:19:24.377 --> 0:19:26.897 these different things, including things like slavery in the civil 0:19:27.017 --> 0:19:30.057 rights movement. That is not critical race theory. I mean, 0:19:30.097 --> 0:19:32.817 that is just those are historical facts. That's part of 0:19:32.857 --> 0:19:36.537 American history. And so we're doing all of that. About 0:19:36.537 --> 0:19:39.817 what we've said to teachers is those are the standards 0:19:40.057 --> 0:19:43.057 if you're if you're departing from that and you're teaching 0:19:43.137 --> 0:19:45.817 kids based on race, or if you're doing any of 0:19:45.857 --> 0:19:49.177 this stuff, you're departing from the standards, and you could 0:19:49.217 --> 0:19:51.177 be you could be disciplined as a result of that. 0:19:52.497 --> 0:19:54.817 Evorada Santists has put his state of Florida at the 0:19:54.817 --> 0:19:57.977 forefront of the battle against critical race theory and woke 0:19:58.177 --> 0:20:01.817 teachers unions from rejecting certain public school textbooks to enacting 0:20:01.857 --> 0:20:06.137 the parent Parents' Rights in Education Bill Zennis has led 0:20:06.257 --> 0:20:09.857 a push to form education standards and practices in the sunshine. 0:20:10.617 --> 0:20:14.217 So when will others follow suit? See the light? Let's 0:20:14.217 --> 0:20:17.457 ask New York Post columnist Carol Markowitz. Carol, great to 0:20:17.457 --> 0:20:21.937 have you give up. Thanks for having me. It's amazing, 0:20:22.017 --> 0:20:27.657 isn't it? To watch as the narrative shifted, because early 0:20:27.777 --> 0:20:31.337 on they were they were talking about this don't say 0:20:31.617 --> 0:20:34.017 gay bill, and it sounds, of course, so ominous, that 0:20:34.017 --> 0:20:36.377 sounds horrible. You're gonna say you can't say that we're gay. 0:20:36.417 --> 0:20:38.897 I mean, the left censor's words and says you can't 0:20:38.897 --> 0:20:41.017 say things. Of course, that's not in the bill. That's 0:20:41.017 --> 0:20:42.577 not the name of the bill. The whole thing was 0:20:42.617 --> 0:20:47.137 a big propaganda fight from the activists, and turns out 0:20:47.177 --> 0:20:49.377 people in the state of Florida and actually crossed the country, 0:20:49.417 --> 0:20:53.817 including Democrats, are supportive of it. It's such an obvious thing. 0:20:53.977 --> 0:20:57.737 Who wants their case through third grader learning about sexual 0:20:57.777 --> 0:21:01.297 orientation or any kind of gender you know, mishmash that 0:21:01.377 --> 0:21:04.057 they have going on right now. I think that's such 0:21:04.057 --> 0:21:06.817 a basic thing for so many parents. And the thing 0:21:06.977 --> 0:21:09.657 was about this don't say gay bill is It's just 0:21:09.697 --> 0:21:12.937 as much don't say straight straight is a sexual orientation. 0:21:13.057 --> 0:21:16.257 So the idea that you couldn't talk about gay relationships, 0:21:16.257 --> 0:21:18.817 you can't talk about any relationships, you can't get into 0:21:18.857 --> 0:21:21.137 sexual orientation at all. And I think that's a great thing. 0:21:21.177 --> 0:21:23.457 I have a kindergartener, I have a third grader, and 0:21:23.497 --> 0:21:25.057 I have a sixth grader, and I know that the 0:21:25.097 --> 0:21:27.177 sixth grader can handle things that the younger two just 0:21:27.257 --> 0:21:32.137 simply can't. Seems like common SAIS is something that the 0:21:32.177 --> 0:21:35.297 state of Florida is embracing. And I also think that 0:21:35.337 --> 0:21:39.097 as Democrats continue to speak on the issue of schools 0:21:39.097 --> 0:21:42.417 and the teachers unions and shutdowns and CRT and gender 0:21:42.457 --> 0:21:44.977 identity theory and all this other stuff, more and more 0:21:44.977 --> 0:21:46.857 Americans saying what's going on here? And then there's just 0:21:46.897 --> 0:21:49.337 the general philosophy the Democrats seem to have. I mean, 0:21:49.337 --> 0:21:52.617 this was just just recently Biden talking to a room 0:21:52.657 --> 0:21:54.737 full of teachers. This is what This is what he 0:21:54.817 --> 0:21:57.217