1 00:00:00,040 --> 00:00:02,520 Speaker 1: And it's round up information overload our eight hundred and 2 00:00:02,600 --> 00:00:04,480 Speaker 1: ninety four one sean if you want to be a 3 00:00:04,480 --> 00:00:08,719 Speaker 1: part of the program. So we have the largest bank 4 00:00:08,800 --> 00:00:12,680 Speaker 1: collapse since two thousand and eight in this country, sixteenth 5 00:00:12,800 --> 00:00:16,079 Speaker 1: largest bank in the country. Then of course we have this, 6 00:00:16,360 --> 00:00:20,720 Speaker 1: you know, of this Biden bank run panic going on 7 00:00:20,880 --> 00:00:24,240 Speaker 1: around the country. Regulators on Sunday saying that the New 8 00:00:24,320 --> 00:00:27,200 Speaker 1: York based Signature Bank is being shut down to protect 9 00:00:27,200 --> 00:00:31,960 Speaker 1: consumers and financial systems following the collapse of SVB, the 10 00:00:32,159 --> 00:00:36,680 Speaker 1: California Silicon Valley Bank. And you know, go back to 11 00:00:36,760 --> 00:00:39,280 Speaker 1: Janet Yellen, what did she say, Oh, that's right, she 12 00:00:39,400 --> 00:00:42,519 Speaker 1: said that we're not going to have a bailout of 13 00:00:42,560 --> 00:00:48,280 Speaker 1: this Silicon Valley bank. And Joe Biden, in fact, has 14 00:00:48,280 --> 00:00:51,839 Speaker 1: gone on record promising that there'll be a full payout 15 00:00:51,840 --> 00:00:54,400 Speaker 1: to everybody, regardless of whether you have more than two 16 00:00:54,440 --> 00:00:59,200 Speaker 1: hundred and fifty thousand dollars, which is the FDIC insurance limit. Anyway, 17 00:01:00,080 --> 00:01:03,440 Speaker 1: here's what Joe Biden said earlier today. And finally, we 18 00:01:03,600 --> 00:01:07,120 Speaker 1: must reduce the risk of this happening again. During the 19 00:01:07,120 --> 00:01:10,679 Speaker 1: Obama Biden administration, we put in place tough requirements on 20 00:01:10,800 --> 00:01:15,560 Speaker 1: banks like Silicon Valley Bank and Signature Bank, including the 21 00:01:15,640 --> 00:01:18,920 Speaker 1: Dodd Frank Law to make sure the crisis we saw 22 00:01:18,920 --> 00:01:22,880 Speaker 1: in two thousand and eight would not happen again. Unfortunately, 23 00:01:23,600 --> 00:01:27,320 Speaker 1: the last administration rolled back some of these requirements. You know, 24 00:01:27,640 --> 00:01:31,200 Speaker 1: I noticed that he very very cleverly decided to leave 25 00:01:31,240 --> 00:01:36,000 Speaker 1: out the fact that the Dodd Frank Act author in 26 00:01:36,080 --> 00:01:40,760 Speaker 1: twenty seventeen, one of them was Barney Frank. And the 27 00:01:40,800 --> 00:01:44,640 Speaker 1: same Barney Frank wrote an op ed to CNBC that 28 00:01:44,920 --> 00:01:47,400 Speaker 1: he had issues with the reform bill, but he supported 29 00:01:47,840 --> 00:01:52,400 Speaker 1: raising the fifty billion dollar asset level at which a 30 00:01:52,560 --> 00:01:58,240 Speaker 1: bank becomes subject to the extra supervision of Financial Stability 31 00:01:58,480 --> 00:02:01,960 Speaker 1: Oversight Council and lo and behold, what have we learned 32 00:02:02,360 --> 00:02:04,760 Speaker 1: that Barney Frank sits on the board of this bank. 33 00:02:05,040 --> 00:02:08,120 Speaker 1: I'm sure it's just a mere coincidence that maybe he 34 00:02:08,280 --> 00:02:11,359 Speaker 1: himself would benefit from such a thing. But but that's 35 00:02:11,400 --> 00:02:14,720 Speaker 1: what's happened. But if you look at every single issue 36 00:02:14,800 --> 00:02:17,800 Speaker 1: that has come up by the Biden administration, would be 37 00:02:17,840 --> 00:02:21,520 Speaker 1: at the border, be at the Chinese spy balloon, be 38 00:02:21,600 --> 00:02:27,639 Speaker 1: at the Russian aggression, immigration inflation, East Palestine, the refugee program, 39 00:02:27,760 --> 00:02:33,560 Speaker 1: budget deficits, bank failures. It's always it's always Donald Trump's fault. No, 40 00:02:33,680 --> 00:02:36,920 Speaker 1: never Joe Biden's fault. Listen, we must repair the damage 41 00:02:36,919 --> 00:02:39,880 Speaker 1: that was done by the last administration, the mismanagement that 42 00:02:40,040 --> 00:02:42,880 Speaker 1: was done by the administration. There's a bit of a 43 00:02:42,880 --> 00:02:45,040 Speaker 1: different tactic, a bit of a different approach, and that's 44 00:02:45,040 --> 00:02:48,160 Speaker 1: probably why President Biden and not his predecessor, was able 45 00:02:48,160 --> 00:02:51,240 Speaker 1: to rally the world and the global community and taking 46 00:02:51,560 --> 00:02:55,760 Speaker 1: steps against against Russia's aggression. We were able to determine 47 00:02:55,880 --> 00:02:59,520 Speaker 1: that China has a high altitude balloon program for intelligence 48 00:02:59,560 --> 00:03:04,000 Speaker 1: collection that's connected to the People's Liberation Army. It was 49 00:03:04,040 --> 00:03:07,560 Speaker 1: operating during the previous administration, but they did not detect it. 50 00:03:07,880 --> 00:03:11,600 Speaker 1: We detected it. We trucked it. The president inherited a 51 00:03:11,639 --> 00:03:15,000 Speaker 1: mess because of what the last administration did. They heerded, 52 00:03:15,360 --> 00:03:19,239 Speaker 1: We heerded a mess. And you know, Republicans and Congress 53 00:03:19,600 --> 00:03:24,520 Speaker 1: made it worse by blocking comprehensive immigration reform, taking lame inflation. No, 54 00:03:25,560 --> 00:03:28,160 Speaker 1: why not, because it was already there when I got here. 55 00:03:28,200 --> 00:03:36,920 Speaker 1: Man Tragically, former President Trump slashed our international assistants, took Guatemala, 56 00:03:37,160 --> 00:03:42,119 Speaker 1: El Salvador and Honduras, slashed the resources that we were 57 00:03:42,160 --> 00:03:47,960 Speaker 1: contributing to address the root causes of irregular migration. It's 58 00:03:48,000 --> 00:03:49,760 Speaker 1: not that they're talking about Trump. And then he said, 59 00:03:49,800 --> 00:03:53,320 Speaker 1: I need your help. How can he help? Well, one 60 00:03:53,320 --> 00:03:57,160 Speaker 1: thing you could do is express support for reversing the 61 00:03:57,200 --> 00:04:02,000 Speaker 1: deregulation that happened on his watch, resettle thousands of Afghans 62 00:04:02,040 --> 00:04:06,520 Speaker 1: who ultimately qualify for refugee status. The United States will 63 00:04:06,560 --> 00:04:09,560 Speaker 1: do our part. We are already working closely with refugee 64 00:04:09,640 --> 00:04:11,760 Speaker 1: organizations to reach And I can just leave this on 65 00:04:11,920 --> 00:04:14,320 Speaker 1: forever and just keep playing it. By the way, you know, 66 00:04:14,400 --> 00:04:18,880 Speaker 1: Barney Frank supported this legislative change, which Joe Biden had 67 00:04:19,040 --> 00:04:22,760 Speaker 1: over two years to change back if he wanted to. 68 00:04:23,000 --> 00:04:26,200 Speaker 1: Never mind the fact that Barney Frank himself, Dodd Frank 69 00:04:26,320 --> 00:04:30,080 Speaker 1: himself because he was serving on the board of directors 70 00:04:30,120 --> 00:04:33,120 Speaker 1: of Signature Bank, which would no longer be subject to 71 00:04:33,160 --> 00:04:37,440 Speaker 1: the regulations that he himself created if the asset threshold 72 00:04:37,520 --> 00:04:40,680 Speaker 1: was lowered. Oh, but it's it's it has nothing to 73 00:04:40,720 --> 00:04:44,040 Speaker 1: do with again, the dog bites the beast. Things you're 74 00:04:44,040 --> 00:04:49,320 Speaker 1: feeling sad, Just blame Trump. Some other notes here. Silicon 75 00:04:49,440 --> 00:04:52,880 Speaker 1: Valley Bank CEO happened to sell three point five million 76 00:04:52,960 --> 00:04:57,000 Speaker 1: and shares only two weeks before the bank's collapse. Apparently, 77 00:04:57,120 --> 00:05:00,359 Speaker 1: the night before the collapse, they had a big party 78 00:05:01,040 --> 00:05:05,599 Speaker 1: the Silicon Valley Bank and anyway, they were eating and 79 00:05:05,680 --> 00:05:08,560 Speaker 1: partying and have a great time at Perry Steakhouse and 80 00:05:08,680 --> 00:05:12,200 Speaker 1: Grill in downtown Austin, a short walk from the convention 81 00:05:12,240 --> 00:05:16,680 Speaker 1: center that hosts south By Southwest And anyway, one of 82 00:05:16,680 --> 00:05:21,400 Speaker 1: the partner of the defense investment firm, Marquis Ventures City 83 00:05:21,520 --> 00:05:25,760 Speaker 1: ordered the house specialty pork chop. I was expecting that SVB, 84 00:05:26,440 --> 00:05:28,600 Speaker 1: you know, folks, would address the elephant in the room, 85 00:05:28,800 --> 00:05:31,719 Speaker 1: and nobody said a thing about it. And by the way, 86 00:05:31,880 --> 00:05:35,240 Speaker 1: I can add to that, Silicon Valley Bank employees received 87 00:05:35,240 --> 00:05:39,880 Speaker 1: their annual bonuses Friday, only hours before regulators sees the bank. 88 00:05:40,360 --> 00:05:43,640 Speaker 1: How convenient all these things happen at once. Anyway, here 89 00:05:43,640 --> 00:05:46,800 Speaker 1: to help sort it out, Steve Moore, economists, author of 90 00:05:46,839 --> 00:05:50,800 Speaker 1: the bestseller Trunk trump Anomics, EJ. And Tony is with 91 00:05:50,920 --> 00:05:56,000 Speaker 1: US research fellow Regional Economics Center for Data Analysis. All right, Steve, 92 00:05:56,000 --> 00:05:58,440 Speaker 1: why didn't give us a broad overview of what we're 93 00:05:58,480 --> 00:06:03,120 Speaker 1: witnessing the impact of these two banks? But more importantly, 94 00:06:03,520 --> 00:06:07,960 Speaker 1: you know, this is now reverberating worldwide in terms of 95 00:06:07,960 --> 00:06:12,279 Speaker 1: economies and what impact that the Biden economic and energy 96 00:06:12,320 --> 00:06:15,320 Speaker 1: policies played in this. Well, let me start by saying 97 00:06:15,320 --> 00:06:17,919 Speaker 1: that I'm just absolutely fuming by those quotes that you 98 00:06:18,040 --> 00:06:21,279 Speaker 1: just played by Biden administration officials and the President himself 99 00:06:21,480 --> 00:06:25,520 Speaker 1: always blaming Trump for every catastrophe that's happened in the 100 00:06:25,520 --> 00:06:27,680 Speaker 1: two years this man has been president. We didn't have 101 00:06:27,720 --> 00:06:30,120 Speaker 1: an out of control of order when Trump was president. 102 00:06:30,160 --> 00:06:32,599 Speaker 1: We didn't have an implacent problem when Trump was president. 103 00:06:32,600 --> 00:06:35,440 Speaker 1: We didn't have rising interest rates when President and Sean, 104 00:06:35,680 --> 00:06:37,640 Speaker 1: we didn't have any bank failures. Do you remember any 105 00:06:37,640 --> 00:06:41,279 Speaker 1: bank failures under Donald Trump? Not one? So here he 106 00:06:41,320 --> 00:06:44,760 Speaker 1: goes again. Look, this is a result. Let's talk about 107 00:06:44,800 --> 00:06:48,040 Speaker 1: why it's happening. And I think the major factor is 108 00:06:48,080 --> 00:06:50,320 Speaker 1: something we talked about week after week after week on 109 00:06:50,360 --> 00:06:52,640 Speaker 1: your show. Do we have a president who is the 110 00:06:52,640 --> 00:06:56,680 Speaker 1: most financially reckless president in American history with six to 111 00:06:56,760 --> 00:07:00,720 Speaker 1: seven trillion dollars added to our debt, which is necessed 112 00:07:01,160 --> 00:07:04,400 Speaker 1: the Fed to raise interest rates I think eight times, 113 00:07:04,440 --> 00:07:06,840 Speaker 1: with a couple more rate hikes to come, and this 114 00:07:06,880 --> 00:07:10,120 Speaker 1: has caused chaos in the banking system. So when he's 115 00:07:10,160 --> 00:07:14,160 Speaker 1: blaming Trump for things that happened four years ago. This 116 00:07:14,280 --> 00:07:17,240 Speaker 1: is a direct result of the higher interest rates, the 117 00:07:17,320 --> 00:07:20,960 Speaker 1: higher inflation that Biden took on. And one other quick 118 00:07:20,960 --> 00:07:24,480 Speaker 1: point before you turn to EJ, which is that you 119 00:07:24,600 --> 00:07:28,000 Speaker 1: look at the budget that Biden came out with last week. 120 00:07:28,040 --> 00:07:30,920 Speaker 1: It is an atrocity. If you think we got financial 121 00:07:30,960 --> 00:07:34,760 Speaker 1: problems now, if you increase those capital gains taxes, corporate taxes, 122 00:07:34,800 --> 00:07:40,880 Speaker 1: small business taxes, it will cause an incredible selloff in 123 00:07:41,000 --> 00:07:44,600 Speaker 1: stocks like we've never seen before in history. I agree completely, EJ. 124 00:07:44,760 --> 00:07:47,480 Speaker 1: Let's get your overall view of this well, Sean. I 125 00:07:47,560 --> 00:07:50,280 Speaker 1: think it's one thing for people in the administration to 126 00:07:50,480 --> 00:07:52,760 Speaker 1: say that this is all Trump's fault and that the 127 00:07:52,800 --> 00:07:55,320 Speaker 1: president inherited a miss. But let's see what the numbers 128 00:07:55,360 --> 00:07:59,320 Speaker 1: actually say. According to the numbers, Biden inherited an economy 129 00:07:59,480 --> 00:08:01,520 Speaker 1: that was going at an annualized rate of one and 130 00:08:01,520 --> 00:08:04,240 Speaker 1: a half trillion dollars a year. He said, inflation was 131 00:08:04,240 --> 00:08:06,640 Speaker 1: already here when I got there, man, it was one 132 00:08:06,680 --> 00:08:09,280 Speaker 1: point four percent. Somehow he managed to drive it up 133 00:08:09,320 --> 00:08:11,720 Speaker 1: to nine point one percent in a year and a half. 134 00:08:11,800 --> 00:08:15,040 Speaker 1: Prices were rising one point three percent in a single month. 135 00:08:15,040 --> 00:08:17,320 Speaker 1: That's almost as fast as they did the entire year 136 00:08:17,640 --> 00:08:20,760 Speaker 1: before he became president. I mean, the idea that somehow 137 00:08:20,880 --> 00:08:23,960 Speaker 1: he inherited all these messes just doesn't stand up to 138 00:08:24,080 --> 00:08:27,960 Speaker 1: the facts. And furthermore, the regulations which Trump rolled back, 139 00:08:28,320 --> 00:08:33,000 Speaker 1: which Barney Frank apparently signed off on. Those changes. You know, 140 00:08:33,360 --> 00:08:37,440 Speaker 1: those changes actually probably would not have impact at Silicon 141 00:08:37,520 --> 00:08:41,160 Speaker 1: Valley Bank because they didn't deal with the risk of 142 00:08:41,200 --> 00:08:44,520 Speaker 1: the individual bank collapsing so much as they dealt with 143 00:08:44,559 --> 00:08:48,000 Speaker 1: the systemic risk that the bank collapsing posed on the 144 00:08:48,040 --> 00:08:50,720 Speaker 1: rest of the financial system. In other words, how many 145 00:08:50,720 --> 00:08:54,200 Speaker 1: other dominoes would fall if this bank collapsed, And the 146 00:08:54,280 --> 00:08:57,840 Speaker 1: answer to that is probably zero. So those regulations probably 147 00:08:57,840 --> 00:09:01,120 Speaker 1: wouldn't have done anything anyway. One other thing we learned 148 00:09:01,240 --> 00:09:04,599 Speaker 1: is a Silicon Valley Bank committed five billion dollars in 149 00:09:04,800 --> 00:09:10,400 Speaker 1: sustainable finance and carbon neutral operations to support a healthier planet. 150 00:09:11,000 --> 00:09:13,839 Speaker 1: I'm kind of guessing, Steve that maybe they wish at 151 00:09:13,880 --> 00:09:18,520 Speaker 1: this point that they didn't invest that money. By the way, 152 00:09:18,679 --> 00:09:21,440 Speaker 1: I would assume Jim Kramer, who urged viewers to buy 153 00:09:21,559 --> 00:09:25,400 Speaker 1: Silicon Valley Bank stock last month, well, is he going 154 00:09:25,480 --> 00:09:28,440 Speaker 1: to be held responsible for his horrific advice, not that 155 00:09:28,480 --> 00:09:30,600 Speaker 1: I would ever pay attention to the thing he says. 156 00:09:31,920 --> 00:09:37,319 Speaker 1: Now we're talking about to what extent Steve has the 157 00:09:37,360 --> 00:09:41,040 Speaker 1: Biden handling of the inflation that they caused and the 158 00:09:41,200 --> 00:09:44,960 Speaker 1: rising interest rates. Now they had they had put a 159 00:09:45,160 --> 00:09:48,800 Speaker 1: fortune in ten year treasury notes and that pay very 160 00:09:49,200 --> 00:09:53,800 Speaker 1: low yields, not expecting that interest rates would rise as 161 00:09:53,920 --> 00:09:56,840 Speaker 1: rapidly as they have now. Some are even predicting that 162 00:09:57,000 --> 00:09:59,079 Speaker 1: in spite of what Jerome Powell said last week, we 163 00:09:59,120 --> 00:10:02,199 Speaker 1: should expect a a major increase in interest rates, yet 164 00:10:02,240 --> 00:10:05,760 Speaker 1: again that this could cause him to maybe even drop 165 00:10:06,520 --> 00:10:09,840 Speaker 1: rates as a result because the damage is so great. Yeah, 166 00:10:10,080 --> 00:10:12,600 Speaker 1: this puts the FT in a really tough position right now, 167 00:10:12,640 --> 00:10:14,840 Speaker 1: because the purpose of the FT is really to hold 168 00:10:15,160 --> 00:10:18,400 Speaker 1: inflation down and have a stable dollar. And yet now 169 00:10:18,440 --> 00:10:21,640 Speaker 1: they've got this potential financial crisis. And by the way, 170 00:10:21,640 --> 00:10:23,440 Speaker 1: I don't think that there's going to be a major 171 00:10:23,480 --> 00:10:26,240 Speaker 1: bank run on major banks right now, so I want 172 00:10:26,240 --> 00:10:29,480 Speaker 1: people to relax about that. But I do think I 173 00:10:29,520 --> 00:10:31,160 Speaker 1: don't know if I don't remember what you played the 174 00:10:31,160 --> 00:10:34,720 Speaker 1: clip of Biden saying, don't worry cat payers, this bailout 175 00:10:34,800 --> 00:10:36,360 Speaker 1: isn't going to cost you a penny sean, Do you 176 00:10:36,400 --> 00:10:40,679 Speaker 1: believe that for one minute, for one second, because then 177 00:10:40,840 --> 00:10:42,520 Speaker 1: you'd have to ask the next question, If we're not 178 00:10:42,559 --> 00:10:45,079 Speaker 1: going to pay for it, who is? Who is? Exactly? So, 179 00:10:45,400 --> 00:10:47,600 Speaker 1: I guarantee you it's gonna be middle class folks. I'm 180 00:10:47,640 --> 00:10:52,920 Speaker 1: against bailouts. Look, people who put have these uninsured deposits, 181 00:10:53,160 --> 00:10:56,079 Speaker 1: they shouldn't run to the taxpayers for a bailout here, 182 00:10:56,760 --> 00:11:00,240 Speaker 1: And you're exactly right. The circles back to the ask 183 00:11:00,280 --> 00:11:03,640 Speaker 1: of increase in interest rates again, which was associated with this. 184 00:11:03,880 --> 00:11:06,560 Speaker 1: I said so many times in your show, this story 185 00:11:06,679 --> 00:11:08,680 Speaker 1: is not going to have a happy ending, a Biden 186 00:11:09,000 --> 00:11:12,360 Speaker 1: borrowing trillions and trillions and trillions of dollars his new budget. 187 00:11:12,520 --> 00:11:14,640 Speaker 1: And I love the way you explain the show, and 188 00:11:14,760 --> 00:11:16,960 Speaker 1: you did it so well in terms of the cost 189 00:11:17,160 --> 00:11:21,040 Speaker 1: on investing if under the Biden tax plan. The only 190 00:11:21,040 --> 00:11:24,679 Speaker 1: thing that you left out was that you're right, if 191 00:11:24,720 --> 00:11:27,480 Speaker 1: you have a capital gain and you haven't taken it, 192 00:11:27,640 --> 00:11:29,360 Speaker 1: they're going to tax you. But if you have a 193 00:11:29,400 --> 00:11:31,839 Speaker 1: capital loss, they're not going to let you deduct out 194 00:11:31,840 --> 00:11:34,320 Speaker 1: from your taxes. How crazy is that? Well, let me 195 00:11:34,360 --> 00:11:36,440 Speaker 1: ask you, because we had a caller, a really smart 196 00:11:36,440 --> 00:11:38,960 Speaker 1: caller in the last hour, I think from Iowa will 197 00:11:39,040 --> 00:11:42,319 Speaker 1: raise the question, Okay, well, what does that mean if 198 00:11:42,360 --> 00:11:47,719 Speaker 1: you have a capital gains a capital gain in your property. Now, 199 00:11:47,760 --> 00:11:50,400 Speaker 1: I would argue, when you get the final legislation, we've 200 00:11:50,400 --> 00:11:54,480 Speaker 1: not seen anything in writing yet that probably people's primary 201 00:11:54,640 --> 00:11:57,480 Speaker 1: residents have to be exempt. I've got to imagine that 202 00:11:57,520 --> 00:12:00,640 Speaker 1: farmers and ranchers have to be exempt. But what about 203 00:12:00,640 --> 00:12:02,840 Speaker 1: people that own a second home. Let's say they own 204 00:12:02,840 --> 00:12:05,160 Speaker 1: a second home in Florida that it's doubled in value. 205 00:12:05,280 --> 00:12:07,120 Speaker 1: Are they gonna have to kick in fifty one hundred 206 00:12:07,120 --> 00:12:10,040 Speaker 1: thousand dollars and unrealized capital gains? Yeah? Where are they 207 00:12:10,080 --> 00:12:12,400 Speaker 1: gonna get the money? Remember, they don't have the cash 208 00:12:12,440 --> 00:12:15,800 Speaker 1: to pay the tax. Sean think of the ripple effect 209 00:12:16,880 --> 00:12:19,160 Speaker 1: now on the housing market again, which is already being 210 00:12:19,240 --> 00:12:22,760 Speaker 1: hit hard except for states that have a massive migration 211 00:12:22,840 --> 00:12:25,040 Speaker 1: into them. Well, well put in and I mean it 212 00:12:25,440 --> 00:12:27,560 Speaker 1: just that feels like we have a president. I have 213 00:12:27,559 --> 00:12:30,120 Speaker 1: a piece on box news dot com that has declared 214 00:12:30,240 --> 00:12:33,920 Speaker 1: war on American business. Everything he's doing is making American 215 00:12:33,960 --> 00:12:37,360 Speaker 1: businesses less competitive. And who is the beneficiary of this 216 00:12:37,480 --> 00:12:42,000 Speaker 1: Shan China, Mexico, India, Japan all of our rifles. What 217 00:12:42,200 --> 00:12:45,480 Speaker 1: is the answer. How should this be handled? Dj Oh, 218 00:12:45,720 --> 00:12:48,600 Speaker 1: It's very simple. The people who took these risks knew 219 00:12:48,640 --> 00:12:51,280 Speaker 1: the risks they were taking, and they should bear the 220 00:12:51,360 --> 00:12:56,480 Speaker 1: consequences of their actions. Right. If these banks fail, then 221 00:12:56,679 --> 00:12:58,880 Speaker 1: they are on the hook for that. There's no reason 222 00:12:59,120 --> 00:13:02,319 Speaker 1: why the tax or needs to step in and backstop this. 223 00:13:02,480 --> 00:13:05,400 Speaker 1: And you guys are absolutely right. The idea that the 224 00:13:05,440 --> 00:13:07,280 Speaker 1: taxpayer is not going to be on the hook for this, 225 00:13:07,360 --> 00:13:11,320 Speaker 1: that that's completely laughable. If the FDIC actually had the 226 00:13:11,400 --> 00:13:14,120 Speaker 1: money to pay all of these depositors, which is what 227 00:13:14,160 --> 00:13:16,640 Speaker 1: the President claims, But if that were true, then the 228 00:13:16,679 --> 00:13:18,880 Speaker 1: Federal Reserve would not have needed to set up a 229 00:13:19,000 --> 00:13:23,680 Speaker 1: twenty five billion dollars fund overnight in order to backstop it. 230 00:13:23,920 --> 00:13:26,439 Speaker 1: They know they don't have the money to pay all 231 00:13:26,480 --> 00:13:28,560 Speaker 1: these people. That's why they had to do that. All right, 232 00:13:28,640 --> 00:13:31,400 Speaker 1: quick break more of our economist Steve Moore and ej 233 00:13:32,200 --> 00:13:36,000 Speaker 1: Antoni straight ahead as we continue. All right, we continue 234 00:13:36,040 --> 00:13:39,720 Speaker 1: with economists Steve Moore and economists ej Antoni, both by 235 00:13:39,720 --> 00:13:42,880 Speaker 1: the way, with the Heritage Foundation. These are uncharted waters 236 00:13:42,920 --> 00:13:45,200 Speaker 1: and we don't know what the end financial fallout is 237 00:13:45,200 --> 00:13:50,480 Speaker 1: going to end up being Steve Moore. However, don't most 238 00:13:50,480 --> 00:13:53,599 Speaker 1: people that have two hundred and fifty thousand dollars or 239 00:13:53,800 --> 00:13:56,440 Speaker 1: way more than that, don't they put two hundred and 240 00:13:56,440 --> 00:13:58,920 Speaker 1: twenty five thousand dollars in one bank and another two 241 00:13:59,280 --> 00:14:02,600 Speaker 1: and twenty five in a different bank on purpose? Yeah, well, 242 00:14:02,600 --> 00:14:05,480 Speaker 1: if they, if they are smart, they'll do that. And people, Look, 243 00:14:05,520 --> 00:14:08,000 Speaker 1: if people take these risks, then they should pay the 244 00:14:08,040 --> 00:14:12,079 Speaker 1: cost of this. I'm sick and tired of taxpayers, aren't you. 245 00:14:12,200 --> 00:14:14,880 Speaker 1: Sewan have always the taxpayers the ones who gets screwed 246 00:14:15,280 --> 00:14:18,600 Speaker 1: by these government policies that have gone awry. And here 247 00:14:18,640 --> 00:14:20,800 Speaker 1: we go again. You know, we've we've borrowed out. And 248 00:14:21,240 --> 00:14:23,680 Speaker 1: by the way, that the banking industry is the most 249 00:14:24,320 --> 00:14:27,160 Speaker 1: regulated industry in America, the idea that this would due 250 00:14:27,160 --> 00:14:31,560 Speaker 1: to deregulation is just crazy. It's a result of a 251 00:14:31,640 --> 00:14:35,440 Speaker 1: government in Washington that is completely out of control. Nobody 252 00:14:35,480 --> 00:14:39,000 Speaker 1: knows anything about business in this administration, and they hate business. Frankly, 253 00:14:39,200 --> 00:14:42,040 Speaker 1: it's really these are scary times. I don't I don't 254 00:14:42,040 --> 00:14:43,880 Speaker 1: know how this is going to end, I really don't. 255 00:14:43,960 --> 00:14:46,600 Speaker 1: And the fact that it could end far worse than 256 00:14:46,600 --> 00:14:49,720 Speaker 1: we're thinking today scares me? Am I wrong to be scared? Yes? 257 00:14:49,840 --> 00:14:52,360 Speaker 1: Or no? Steve, We're not wrong to be afraid. We 258 00:14:52,360 --> 00:14:55,680 Speaker 1: should be afraid. E j Yes, Am I wrong? Or right? No? No, 259 00:14:55,800 --> 00:14:59,560 Speaker 1: I think you're absolutely right. This is Cylindra on steroids. 260 00:14:59,320 --> 00:15:03,800 Speaker 1: That's that's that says it all. Anyway, guys, thank you 261 00:15:03,840 --> 00:15:07,240 Speaker 1: both appreciate it. I'm urging all of you out there 262 00:15:07,320 --> 00:15:10,760 Speaker 1: talk to people you trust, financial advisors you trust, and 263 00:15:10,880 --> 00:15:13,320 Speaker 1: I would do it often eight hundred nine four one 264 00:15:13,360 --> 00:15:15,200 Speaker 1: Sean if you want to be a part of the program. 265 00:15:15,320 --> 00:15:19,280 Speaker 1: There's certain patterns that always emerge during moments of crisis, 266 00:15:19,760 --> 00:15:23,200 Speaker 1: and one of the patterns is the language that is 267 00:15:23,400 --> 00:15:28,000 Speaker 1: used by either the media mob or administration or usually 268 00:15:28,040 --> 00:15:30,680 Speaker 1: they kind of use the same words because they're in 269 00:15:30,720 --> 00:15:34,080 Speaker 1: sync with each other anyway. So for example, Joe Biden said, 270 00:15:34,120 --> 00:15:37,200 Speaker 1: our banking system is safe, Joannet Yellen said our banking 271 00:15:37,280 --> 00:15:41,240 Speaker 1: system is really safe and resilient, and the head of 272 00:15:41,280 --> 00:15:45,880 Speaker 1: the OMB Office of Management Budget, Shalanda Young says our 273 00:15:45,920 --> 00:15:49,360 Speaker 1: banking system is resilient and secure. They all say the 274 00:15:49,400 --> 00:15:51,760 Speaker 1: same thing. Listen, I'm going to ask Congression and the 275 00:15:51,800 --> 00:15:55,360 Speaker 1: banking regulators to strengthen the rules for banks, to make 276 00:15:55,400 --> 00:15:58,120 Speaker 1: it less likely this kind of bank failure would happen again, 277 00:15:58,400 --> 00:16:01,880 Speaker 1: and to protect American jobs small businesses. Look, the bottom 278 00:16:01,920 --> 00:16:06,000 Speaker 1: line is this, Americans can rest assured that our banking 279 00:16:06,000 --> 00:16:09,520 Speaker 1: system is safe. Your deposits are safe, so you can 280 00:16:09,600 --> 00:16:11,320 Speaker 1: tell the American people this morning. So I think this 281 00:16:11,360 --> 00:16:13,720 Speaker 1: has caused a lot of concern that the US banking 282 00:16:13,720 --> 00:16:16,680 Speaker 1: system is safe and secure. I think the voice here 283 00:16:17,440 --> 00:16:20,200 Speaker 1: is our Treasury Secretary, who is our lead. I'm working 284 00:16:20,200 --> 00:16:24,520 Speaker 1: with regulators. That's the appropriate person we should listen to 285 00:16:24,680 --> 00:16:27,600 Speaker 1: here and who's tracking this the most closely. But again, 286 00:16:27,640 --> 00:16:30,440 Speaker 1: what I will say is after the financial crisis, the 287 00:16:30,480 --> 00:16:34,560 Speaker 1: reforms put in place have given regulators more tools and 288 00:16:34,720 --> 00:16:38,920 Speaker 1: our system is more resilient, in the foundation stronger because 289 00:16:38,960 --> 00:16:44,280 Speaker 1: of it. The American banking system is really safe and 290 00:16:44,440 --> 00:16:48,640 Speaker 1: well capitalized. It's resilient. And by the way, after the 291 00:16:48,640 --> 00:16:52,240 Speaker 1: announcement of the bailout by Biden earlier today, totally contradicts 292 00:16:52,320 --> 00:16:56,840 Speaker 1: Janny Yellen saying the American banking system there is not 293 00:16:56,960 --> 00:17:00,560 Speaker 1: going to see a bailout of Silicon Valley Bank. That 294 00:17:00,640 --> 00:17:03,520 Speaker 1: was yesterday. Why why be consistent from day to day? 295 00:17:04,200 --> 00:17:08,119 Speaker 1: United Kingdom has said that the government there has ruled 296 00:17:08,119 --> 00:17:12,160 Speaker 1: out a bailout of the UK arm of Silicon Valley Bank. 297 00:17:12,600 --> 00:17:17,280 Speaker 1: Have you also ruled out that kind of government intervention. Well, 298 00:17:17,400 --> 00:17:23,280 Speaker 1: let me be clear that during the financial crisis there 299 00:17:23,359 --> 00:17:30,760 Speaker 1: were investors and owners of systemic large banks that were 300 00:17:30,880 --> 00:17:35,800 Speaker 1: built out, and we're certainly not looking and the reforms 301 00:17:35,800 --> 00:17:38,800 Speaker 1: that have been put in place means that we're not 302 00:17:38,840 --> 00:17:42,600 Speaker 1: going to do that again. But we are concerned about 303 00:17:42,640 --> 00:17:46,719 Speaker 1: depositors and are focused on trying to meet their needs. 304 00:17:47,800 --> 00:17:51,800 Speaker 1: All right, let's get to our busy, busy telephones. Oh, 305 00:17:51,880 --> 00:17:54,080 Speaker 1: our friend Joe and LJ is there, Joe? How are you? 306 00:17:54,119 --> 00:17:57,840 Speaker 1: My friend Sean? You're great your television and radio show, 307 00:17:58,320 --> 00:18:01,240 Speaker 1: and everywhere I go pell say they listen to you. 308 00:18:01,240 --> 00:18:04,600 Speaker 1: You're the best taxpayer and small business champion in history. 309 00:18:04,760 --> 00:18:07,400 Speaker 1: And you're gonna leave the Republicans to a huge win. 310 00:18:07,680 --> 00:18:09,840 Speaker 1: And in my opinion, and I don't think we all 311 00:18:09,880 --> 00:18:12,320 Speaker 1: to build any banks out with taxpayer money, but I 312 00:18:12,359 --> 00:18:15,200 Speaker 1: think when the poles start showing that the Republicans are 313 00:18:15,200 --> 00:18:17,680 Speaker 1: gonna win, which I think they'll win big, I think 314 00:18:17,720 --> 00:18:20,600 Speaker 1: that will drive up the stock market. So I'm extremely 315 00:18:20,640 --> 00:18:24,480 Speaker 1: optimistic and thank God for Sean Hannity, Well, I appreciate 316 00:18:24,520 --> 00:18:27,200 Speaker 1: your voter of competence, but you can see what's happening. 317 00:18:27,680 --> 00:18:32,000 Speaker 1: We'll up Joe Tacopina, the President's attorney, on tonight. Clearly 318 00:18:32,080 --> 00:18:35,720 Speaker 1: they want to go back seven years and find some 319 00:18:36,560 --> 00:18:41,760 Speaker 1: what would normally be at best misdemeanor and bring charges 320 00:18:41,800 --> 00:18:43,720 Speaker 1: against Donald Trump. I think they want to do it 321 00:18:43,720 --> 00:18:47,160 Speaker 1: in Fulton County where you live, in Georgia, and God 322 00:18:47,200 --> 00:18:49,840 Speaker 1: only knows you know what other things people have in mind. 323 00:18:49,880 --> 00:18:52,480 Speaker 1: I have no idea. So well, that's not what the 324 00:18:52,640 --> 00:18:55,560 Speaker 1: mob wants, that's not what politicians and the swamp creatures 325 00:18:55,600 --> 00:18:58,080 Speaker 1: want or George Counties that I'm talking to, they're all 326 00:18:58,119 --> 00:19:01,680 Speaker 1: fired up about Trump. So you're going to bring us through. Sean, 327 00:19:01,760 --> 00:19:05,040 Speaker 1: got total confidence in you. I appreciate your kind words, 328 00:19:05,040 --> 00:19:07,960 Speaker 1: Big Joe, Thank you, my friend. Eight hundred nine one, Sean. 329 00:19:08,600 --> 00:19:10,160 Speaker 1: If you want to be a part of the program, 330 00:19:11,320 --> 00:19:14,879 Speaker 1: let's say hi to Terrell. How are you from Louisiana? 331 00:19:14,920 --> 00:19:19,479 Speaker 1: What's up Terrell? Yes, sir, it is Terrell. Mister Hanna Digg, 332 00:19:19,840 --> 00:19:22,040 Speaker 1: greetings to you and want to commend you and others 333 00:19:22,080 --> 00:19:25,240 Speaker 1: and Fox News and the other people that shall bring 334 00:19:25,280 --> 00:19:28,159 Speaker 1: together to bring actual news to the public, so we 335 00:19:28,160 --> 00:19:31,399 Speaker 1: can actually see the information that we need to know 336 00:19:31,440 --> 00:19:35,880 Speaker 1: about going on here. I had made it clear some 337 00:19:35,880 --> 00:19:38,359 Speaker 1: people that I've spoken with before that all these people 338 00:19:38,400 --> 00:19:42,479 Speaker 1: who are making genuine attempts to overthrow the American system 339 00:19:42,520 --> 00:19:46,879 Speaker 1: with government, that's they're all in sync together. Like you mentioned, 340 00:19:46,920 --> 00:19:50,280 Speaker 1: they're all working towards that. What they don't understand is, 341 00:19:50,359 --> 00:19:52,800 Speaker 1: and some people call it karma. Some people call it 342 00:19:52,800 --> 00:19:55,720 Speaker 1: either heaven or hell. There's a price to be paid 343 00:19:55,760 --> 00:19:57,880 Speaker 1: for all these things that they are doing that are 344 00:19:57,920 --> 00:20:02,959 Speaker 1: actually criminal in nature and selfish in nature, because they 345 00:20:03,040 --> 00:20:05,560 Speaker 1: don't they don't care about other people. They care about 346 00:20:05,600 --> 00:20:08,760 Speaker 1: making sure I've got my own I've taken care of myself. 347 00:20:09,240 --> 00:20:12,760 Speaker 1: I'm working with other people that are helping me to 348 00:20:12,800 --> 00:20:14,359 Speaker 1: do the same thing. And if they get some of 349 00:20:14,359 --> 00:20:16,600 Speaker 1: theirs also, as long as we're on the same path 350 00:20:17,000 --> 00:20:19,840 Speaker 1: and doing the same thing, which is to subjugate other 351 00:20:19,880 --> 00:20:22,720 Speaker 1: people and to make sure that we're taking care of 352 00:20:22,800 --> 00:20:25,359 Speaker 1: then I have a problem with that. But they will 353 00:20:25,400 --> 00:20:29,040 Speaker 1: pay for it, obviously. We want to see them pay 354 00:20:29,080 --> 00:20:31,679 Speaker 1: for it now while they're here on this earth. We 355 00:20:31,760 --> 00:20:34,080 Speaker 1: don't want them to continue getting away with what they're 356 00:20:34,119 --> 00:20:37,879 Speaker 1: doing that cause us harm to you know, you know, 357 00:20:38,040 --> 00:20:40,760 Speaker 1: small income people like myself and other people in other 358 00:20:40,800 --> 00:20:45,439 Speaker 1: states around the country. But again I commend you. I 359 00:20:45,520 --> 00:20:48,879 Speaker 1: commend the rest of the people at Fox, the people 360 00:20:48,920 --> 00:20:52,920 Speaker 1: behind the scenes, people in other news organizations that actually 361 00:20:53,119 --> 00:20:57,520 Speaker 1: bring news, real information to us so that we can 362 00:20:57,520 --> 00:20:59,840 Speaker 1: actually research and to see it, make sure it's correct 363 00:21:00,400 --> 00:21:04,840 Speaker 1: and see what actually is happening. Here's here's my worry 364 00:21:04,840 --> 00:21:08,520 Speaker 1: and here's my fear, and I think it's rooted in reality. 365 00:21:08,840 --> 00:21:14,520 Speaker 1: Is Look, Democrats now have dominated with their wokeness, if 366 00:21:14,520 --> 00:21:17,920 Speaker 1: you will, and the indoctrination of our kids. And it's 367 00:21:17,960 --> 00:21:20,680 Speaker 1: been going on for decades. So more and more kids 368 00:21:20,760 --> 00:21:24,400 Speaker 1: unfortunately come out of school, they never got the quality 369 00:21:24,520 --> 00:21:28,040 Speaker 1: education that they should have gotten, and they end up, 370 00:21:28,080 --> 00:21:32,240 Speaker 1: you know, believing in the phony promises, in the false 371 00:21:32,240 --> 00:21:35,240 Speaker 1: security of socialism. And there's there's a big part of 372 00:21:35,240 --> 00:21:38,240 Speaker 1: the country that actually buys into all of this. And 373 00:21:38,680 --> 00:21:42,840 Speaker 1: that's it's bigger than winning in the arena of ideas. 374 00:21:43,320 --> 00:21:46,919 Speaker 1: Elections now have changed dramatically how we how we govern 375 00:21:47,000 --> 00:21:49,760 Speaker 1: elections in the country. I think France had it right. 376 00:21:49,960 --> 00:21:54,119 Speaker 1: You know, they experimented with other systems of voting and 377 00:21:54,160 --> 00:21:56,439 Speaker 1: then went back to paper ballots. I think that's something 378 00:21:56,480 --> 00:21:59,119 Speaker 1: we all ought to consider doing as well. But in 379 00:21:59,160 --> 00:22:01,040 Speaker 1: the meantime, you got to what the system you have. 380 00:22:01,560 --> 00:22:04,639 Speaker 1: That's why I'm urging Republicans to get over that reluctance 381 00:22:04,680 --> 00:22:09,000 Speaker 1: and resistance about early voting and voting by mail. And secondly, 382 00:22:09,040 --> 00:22:12,960 Speaker 1: I'm urging everybody to understand that every state that has 383 00:22:13,000 --> 00:22:18,920 Speaker 1: a legal ballot harvesting law that Republicans better match and 384 00:22:19,000 --> 00:22:22,600 Speaker 1: hopefully surpass the efforts of Democrats, because that's what they're 385 00:22:22,600 --> 00:22:25,440 Speaker 1: focused on. They're not out there saying we've got better 386 00:22:25,480 --> 00:22:28,640 Speaker 1: ideas than Republicans. They're they're in the ballot harvesting business, 387 00:22:29,040 --> 00:22:32,040 Speaker 1: and they're in the negative ad business. They're not kissing babies, 388 00:22:32,040 --> 00:22:35,680 Speaker 1: shaking hands, doing town halls, doing press evels. No, they're 389 00:22:35,760 --> 00:22:39,120 Speaker 1: they're hiding most of the time, and that strategy, sadly 390 00:22:39,440 --> 00:22:42,960 Speaker 1: is working. So Republicans they've got to catch up and 391 00:22:43,119 --> 00:22:46,439 Speaker 1: understand this is the current system as it is, and 392 00:22:46,480 --> 00:22:49,080 Speaker 1: then hopefully, when we win enough elections, then we'd be 393 00:22:49,080 --> 00:22:51,040 Speaker 1: able to change the system to one that has, in 394 00:22:51,119 --> 00:22:54,240 Speaker 1: my view, more integrity and would result in way more 395 00:22:54,280 --> 00:22:58,240 Speaker 1: confidence in the results. And that is make voting, make 396 00:22:58,320 --> 00:23:01,439 Speaker 1: election day and national holiday in every precinct in the 397 00:23:01,480 --> 00:23:05,760 Speaker 1: country of people, observers from every party watching the voting 398 00:23:05,800 --> 00:23:09,240 Speaker 1: take place, and then when the when the polls closed, 399 00:23:09,320 --> 00:23:12,240 Speaker 1: watch the vote counting take place, and watch a winner 400 00:23:12,320 --> 00:23:15,840 Speaker 1: declared right there and then it's really that simple. It's 401 00:23:15,840 --> 00:23:18,840 Speaker 1: not that complicated, but they make it complicated. They want 402 00:23:18,840 --> 00:23:21,399 Speaker 1: to complicated. That's why they don't want voter ID laws. 403 00:23:21,440 --> 00:23:24,000 Speaker 1: That's why they don't want signature verification. That's why they 404 00:23:24,040 --> 00:23:28,000 Speaker 1: don't even ever talk about chain of custody controls or 405 00:23:28,119 --> 00:23:31,320 Speaker 1: updated voter rolls. There's a reason for it, because they 406 00:23:31,359 --> 00:23:34,080 Speaker 1: think it's to their advantage not to have any of that. 407 00:23:34,680 --> 00:23:38,800 Speaker 1: But I think it's the most fairy by far. Anyway, 408 00:23:38,840 --> 00:23:41,239 Speaker 1: I appreciate the call. Joe is in Florida. Joe, how 409 00:23:41,280 --> 00:23:44,720 Speaker 1: are you glad you called? Hey? Sean, Hey, I'm honored 410 00:23:44,720 --> 00:23:47,520 Speaker 1: to talk to you today. It's been I've been listening 411 00:23:47,520 --> 00:23:50,920 Speaker 1: to you for fifteen years. Probably. I'm from Northport, a 412 00:23:50,960 --> 00:23:53,080 Speaker 1: little town called Northport, right up there by you, but 413 00:23:53,600 --> 00:23:56,600 Speaker 1: never live down here in Florida. By the way, you 414 00:23:56,600 --> 00:23:59,520 Speaker 1: were smart to move, good decision. How long ago did 415 00:23:59,520 --> 00:24:01,960 Speaker 1: you move down there? I moved down here thirty years ago, 416 00:24:02,040 --> 00:24:04,080 Speaker 1: so it's a lot a lot has changed. Let me 417 00:24:04,119 --> 00:24:05,560 Speaker 1: ask let me ask you, good question. What part of 418 00:24:05,560 --> 00:24:09,360 Speaker 1: Florida you in? I'm in South Florida, South Florida. Okay, 419 00:24:09,520 --> 00:24:11,480 Speaker 1: how did you buy a home when you move down there? 420 00:24:12,480 --> 00:24:16,399 Speaker 1: Surely after you? All right, quick question, Just give me 421 00:24:16,440 --> 00:24:21,120 Speaker 1: a percentage How much percentage wise has your home value 422 00:24:21,240 --> 00:24:23,840 Speaker 1: increased since you moved there thirty years ago. I bought 423 00:24:23,920 --> 00:24:26,240 Speaker 1: my house in ninety thousand, and it's worth five hundred 424 00:24:26,240 --> 00:24:30,399 Speaker 1: thousand probably. Ah, that's a terrible investment. I'm kidding. That's 425 00:24:30,400 --> 00:24:33,960 Speaker 1: a great investment for you, John. I'm happy for you. Yeah, no, 426 00:24:34,080 --> 00:24:36,159 Speaker 1: it's it's good. I mean, I feel bad for my 427 00:24:36,320 --> 00:24:38,280 Speaker 1: Long Island friends that pay so much in tax for 428 00:24:38,320 --> 00:24:40,919 Speaker 1: everybody up there, but that's the way it goes, you know, 429 00:24:41,400 --> 00:24:44,000 Speaker 1: Well they stupidly choose to stay. You know, I have 430 00:24:44,119 --> 00:24:47,919 Speaker 1: obligations that keep me here. But hopefully that'll come to 431 00:24:47,960 --> 00:24:50,520 Speaker 1: an end. Zome. I look at it this way. For 432 00:24:50,560 --> 00:24:53,480 Speaker 1: everybody that moves out, somebody's moving in, right, So somebody's 433 00:24:53,480 --> 00:24:56,720 Speaker 1: coming in somewhere, so you know, I mean, it's just 434 00:24:56,840 --> 00:24:59,120 Speaker 1: a change of hands. And Florida has been great I've 435 00:24:59,520 --> 00:25:01,720 Speaker 1: loved it here for thirty years. We have great governor 436 00:25:01,800 --> 00:25:05,200 Speaker 1: right now who possibly might run for president. I hope. 437 00:25:05,520 --> 00:25:07,680 Speaker 1: I don't know if he will. I don't know if 438 00:25:07,680 --> 00:25:09,320 Speaker 1: he won't, but if he does, I give him all 439 00:25:09,680 --> 00:25:14,240 Speaker 1: of my support. But my call was basically about frustration 440 00:25:14,359 --> 00:25:20,000 Speaker 1: with everything Biden has done since day one. I tragically 441 00:25:20,040 --> 00:25:24,639 Speaker 1: I lost my wife during the COVID beginnings. I'm so sorry, 442 00:25:25,640 --> 00:25:27,880 Speaker 1: thank you, and she actually passed away the day after 443 00:25:27,920 --> 00:25:32,240 Speaker 1: election day, and so I disconnected myself from everything. Prior 444 00:25:32,320 --> 00:25:35,399 Speaker 1: to that, I was a very big Trump supporter, and 445 00:25:35,480 --> 00:25:38,879 Speaker 1: I still am. But now with the election of Biden, 446 00:25:38,960 --> 00:25:42,720 Speaker 1: which again I think was totally stolen. I can't have 447 00:25:42,920 --> 00:25:46,120 Speaker 1: proof of that, but I feel that that was stolen. 448 00:25:46,160 --> 00:25:50,240 Speaker 1: The way things went, they elected Fetterman all these elections, 449 00:25:50,320 --> 00:25:54,480 Speaker 1: I cannot trust any longer. I'm totally frustrated with inflation 450 00:25:54,600 --> 00:25:57,280 Speaker 1: since I lost my wife's salary. Now I do have 451 00:25:57,320 --> 00:26:00,480 Speaker 1: trouble paying my mortgage and bills, and it's been a 452 00:26:00,480 --> 00:26:03,040 Speaker 1: little over two years and I've been just eating away 453 00:26:03,040 --> 00:26:06,040 Speaker 1: in my bank account due to Joe Biden's inflation and 454 00:26:06,200 --> 00:26:11,200 Speaker 1: everything the Democrats have done to suppress anybody that talks 455 00:26:11,200 --> 00:26:14,640 Speaker 1: against them. Our media is totally not you guys, of course, 456 00:26:14,680 --> 00:26:18,520 Speaker 1: but our media is totally against us. They're all in 457 00:26:18,560 --> 00:26:22,080 Speaker 1: for the Democrats and everything they're selling. I just cannot 458 00:26:22,080 --> 00:26:25,320 Speaker 1: put up with this any longer. And that's the reason. Well, 459 00:26:25,440 --> 00:26:28,320 Speaker 1: that's why elections matter. Let me let me just let 460 00:26:28,320 --> 00:26:30,800 Speaker 1: me just back up one second here. Yes, they didn't. 461 00:26:31,240 --> 00:26:35,000 Speaker 1: They used took advantage of COVID states that had very 462 00:26:35,080 --> 00:26:38,320 Speaker 1: specific laws that partisan observers watched the vote count that 463 00:26:38,359 --> 00:26:42,280 Speaker 1: didn't happen. Constitution of Pennsylvania was completely ignored because it 464 00:26:42,320 --> 00:26:46,880 Speaker 1: has very limited specific examples of how people can vote 465 00:26:46,880 --> 00:26:50,679 Speaker 1: by mail. Rather than do a constitutional amendment as the 466 00:26:50,760 --> 00:26:54,320 Speaker 1: law would require, they pass legislation and not a different 467 00:26:54,400 --> 00:26:57,400 Speaker 1: not that big, a different story in Wisconsin. All things 468 00:26:57,400 --> 00:27:00,879 Speaker 1: that I talked about. As far as you're struggling a 469 00:27:00,920 --> 00:27:03,120 Speaker 1: little bit with your mortgage and your rant, and knowing 470 00:27:03,200 --> 00:27:05,120 Speaker 1: a little bit now about the equity in your home, 471 00:27:05,280 --> 00:27:08,440 Speaker 1: you might when interest rates are right, consider, and I'm 472 00:27:08,440 --> 00:27:11,520 Speaker 1: not a financial advisor, talk to your financial guy or 473 00:27:11,560 --> 00:27:15,440 Speaker 1: somebody you trust in finances about maybe taking out a 474 00:27:15,440 --> 00:27:18,240 Speaker 1: little bit of a home equity alone, taking a little 475 00:27:18,359 --> 00:27:21,440 Speaker 1: equity out of that to take that stress off you 476 00:27:21,600 --> 00:27:24,000 Speaker 1: in terms of your monthly mortgage. Just an idea, just 477 00:27:24,040 --> 00:27:27,200 Speaker 1: the thought. Okay, yes, sir, we looked into things like that, sure, 478 00:27:27,359 --> 00:27:30,400 Speaker 1: but you know that's not really my main concern. I'm 479 00:27:30,480 --> 00:27:35,040 Speaker 1: just truly concerned for our country because of my first 480 00:27:35,119 --> 00:27:37,679 Speaker 1: vot whatever was Ronald Reagan, and then I became a 481 00:27:37,720 --> 00:27:41,199 Speaker 1: Conservative from then on and now I'm not even affiliated 482 00:27:41,200 --> 00:27:44,960 Speaker 1: with the party at all. I don't really love the Republicans, 483 00:27:45,000 --> 00:27:48,280 Speaker 1: but I cannot stomach the Democrats and everything that they 484 00:27:48,359 --> 00:27:51,080 Speaker 1: sell to us. It's just not right. And you can 485 00:27:51,119 --> 00:27:54,359 Speaker 1: see it every day. And the things Biden fails to 486 00:27:54,440 --> 00:27:57,199 Speaker 1: do in his cabinet and everyone that he's put in 487 00:27:57,280 --> 00:28:01,399 Speaker 1: charge of anything, they fail. They're all failures. When Trump 488 00:28:01,480 --> 00:28:04,960 Speaker 1: was elected, we had positive, all positive, and he made 489 00:28:05,040 --> 00:28:08,159 Speaker 1: us feel positive about our country. We down here in Florida, 490 00:28:08,359 --> 00:28:11,720 Speaker 1: you could not go anywhere without seeing Trump flags every place. 491 00:28:12,000 --> 00:28:15,040 Speaker 1: And this is why I frustrated about the election. There's 492 00:28:15,160 --> 00:28:18,200 Speaker 1: no way that they could have legitimately won this election 493 00:28:18,480 --> 00:28:21,399 Speaker 1: away from my eyes from what I saw down here. Okay, 494 00:28:21,520 --> 00:28:23,639 Speaker 1: we took a trip tomorrow lago once and it was 495 00:28:23,680 --> 00:28:27,520 Speaker 1: just like lines and lines and lines of people. I 496 00:28:27,680 --> 00:28:30,560 Speaker 1: hear everything you're saying, just the constraints of time. I'm 497 00:28:30,720 --> 00:28:33,320 Speaker 1: running up against the clock here and I could talk 498 00:28:33,359 --> 00:28:35,399 Speaker 1: to you all day. Joe, hang in there. We're gonna 499 00:28:35,440 --> 00:28:39,280 Speaker 1: fix this, Americans always do. All right, that's gonna wrap 500 00:28:39,320 --> 00:28:42,560 Speaker 1: things up today. We've got a great Hannity tonight ninety 501 00:28:42,560 --> 00:28:45,160 Speaker 1: eastern on the Fox News Channel. We are going to 502 00:28:45,200 --> 00:28:48,840 Speaker 1: break down exactly what is going on and why it happened, 503 00:28:49,200 --> 00:28:52,760 Speaker 1: and what the fix really should be with our economic 504 00:28:52,840 --> 00:28:55,360 Speaker 1: experts tonight. It's all coming up nine eastern on Hannity 505 00:28:55,360 --> 00:28:59,040 Speaker 1: on the Fox News Channel, including Larry Cudd Lowe, including 506 00:28:59,120 --> 00:29:03,400 Speaker 1: Charles Painting, Stephen Moore. Then we're going to look into 507 00:29:03,480 --> 00:29:06,320 Speaker 1: all of these reports that it looks like New York 508 00:29:06,400 --> 00:29:10,000 Speaker 1: wants to indict Donald Trump. Well, Donald Trump's attorney, Joe Takapina, 509 00:29:10,040 --> 00:29:13,680 Speaker 1: will join us, the great one Mark Levin, he'll join 510 00:29:13,760 --> 00:29:16,280 Speaker 1: us tonight, Oh, weigh in on all of this. And 511 00:29:16,520 --> 00:29:21,200 Speaker 1: Congressman Comer has an update on the investigation into the Bidens, which, 512 00:29:21,240 --> 00:29:23,959 Speaker 1: of course we know the FBI had Hunter Biden's laptop 513 00:29:24,040 --> 00:29:27,480 Speaker 1: since what December twenty nineteen, and they have done since 514 00:29:27,520 --> 00:29:30,240 Speaker 1: then next to nothing with it. All right, all that 515 00:29:30,480 --> 00:29:34,360 Speaker 1: tonight nineties turned Hannity Fox News, Set your DVR, We'll 516 00:29:34,360 --> 00:29:36,880 Speaker 1: see you tonight. Back here tomorrow. Thank you for making 517 00:29:36,920 --> 00:29:37,800 Speaker 1: this show possible.