WEBVTT - It's never a Recession when Democrats are to blame

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<v Speaker 1>You're listening to the Buck Sexton Show podcast. Make sure

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<v Speaker 1>you subscribe to the podcast on the iHeart Radio app

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<v Speaker 1>or wherever you get your podcasts. Team. Welcome to the

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<v Speaker 1>Freedom Hunt Monday, July twenty fifth edition of the program.

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<v Speaker 1>So much to discuss today. When is a recession not

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<v Speaker 1>a recession? The White House has a new definition for you,

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<v Speaker 1>and it involves, well, is a Democrat president? And how

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<v Speaker 1>the Democrats in charge in Congress because that changes the

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<v Speaker 1>definition of recession. No, no, really it does according to them.

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<v Speaker 1>We will discuss plus a bunch of doctors to be

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<v Speaker 1>walk out of their med school graduation because the speaker

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<v Speaker 1>they found out is pro life not allowed. How much

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<v Speaker 1>more damage to its credibility can these institutions of medicine

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<v Speaker 1>do to their credibility? We shall discuss Steve Bannon held

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<v Speaker 1>in tempt on Friday, a little bit of the aftermath

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<v Speaker 1>of that, and maybe a five time today, some of

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<v Speaker 1>the climate change lunacy that is emerging because it's hot outside.

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<v Speaker 1>When it's hot, it's climate change. When it's called it's

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<v Speaker 1>climate change. If the climate stays the same, that's the

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<v Speaker 1>scariest of all, because it's supposed to change therefore it

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<v Speaker 1>is climate change. You see how that goes. It's remarkable,

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<v Speaker 1>So it was pretty remarkable to see this over the

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<v Speaker 1>weekend from Whitehouse dot gov. Okay, this is from the

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<v Speaker 1>White House website under the Biden administration. What is a recession?

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<v Speaker 1>They ask? This is a quarter? This is all quote. Okay.

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<v Speaker 1>While some maintain that two consecutive quarters are falling, real

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<v Speaker 1>GDP constitute a recession, that is neither the official definition

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<v Speaker 1>nor the way economists evaluate the state of the business cycle. Instead,

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<v Speaker 1>both official determinations of recessions and economists assessment of economic

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<v Speaker 1>activity are based on a holistic look at the data,

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<v Speaker 1>including the labor market, consumer and business spending, industrial production,

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<v Speaker 1>and incomes. Based on these data, it is unlikely that

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<v Speaker 1>the decline in GDP in the first quarter of this year,

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<v Speaker 1>even if followed by another GDP decline in the second quarter,

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<v Speaker 1>indicates a recession. Isn't that special? Two quarters in a

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<v Speaker 1>row of negative GDP? According to this why House is

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<v Speaker 1>no longer a recession, which is fascinating because for the

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<v Speaker 1>last six months, what has everybody been talking about. We

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<v Speaker 1>get two quarters of negative GDP, We're in a recession.

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<v Speaker 1>What do they say, Oh, no, that's not a recession.

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<v Speaker 1>Why are they saying this? Well, a few reasons. The

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<v Speaker 1>obvious thing is that on Thursday will find out what

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<v Speaker 1>the official GDP number is. And the broader why is

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<v Speaker 1>that they are going into a midterm election where unless

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<v Speaker 1>unless there are unless there are far more delusional people

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<v Speaker 1>in this country than I had anticipated. The Democrats will

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<v Speaker 1>be in their worst position in Congress in terms of

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<v Speaker 1>Republican seats held in the House, in the Senate in decades,

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<v Speaker 1>perhaps in Congress the worst position in generations. Now, wouldn't

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<v Speaker 1>that be fantastic? They are desperate, friends, They're so desperate

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<v Speaker 1>that instead of even trying to distract with good news here,

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<v Speaker 1>avoid the negative news there, don't pay any attention to it.

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<v Speaker 1>Instead of that, they have decided that they're just going

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<v Speaker 1>to change the definition. Up is down, down is up,

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<v Speaker 1>left is right, right is left bad as good, good

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<v Speaker 1>as bad. It's a very Soviet thing to do, isn't it.

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<v Speaker 1>It's not a recession. A recession doesn't mean what you

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<v Speaker 1>think it means. Remember, Princess Bride, you keep using that word.

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<v Speaker 1>I do not think it means what you think it means.

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<v Speaker 1>The guy in Nigo Montoya says, if memory serves, and

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<v Speaker 1>they're saying, well, that's exactly the situation that the word

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<v Speaker 1>recession doesn't mean what we think it meets. So that's

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<v Speaker 1>pretty remarkable, isn't it. That's a pretty interesting situation. So,

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<v Speaker 1>my friends, this is the desperate times that they find

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<v Speaker 1>themselves in over the Democrat Party. Here is CNBC Economics

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<v Speaker 1>reporters Steve Leesman trying to do his best to say no, no, no, no,

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<v Speaker 1>we need to reset the clock here. Two quarters in

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<v Speaker 1>a row doesn't count for this year. It's got to

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<v Speaker 1>be a second quarter. Start. Seven little chipmunks sitting on

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<v Speaker 1>a branch eating a lot of eightcorns, something like that.

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<v Speaker 1>Play eight. The White Houses Council for Economic Advisors, in

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<v Speaker 1>a blog, points to key factors you should determine whether

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<v Speaker 1>we're in a recession, and notes they continue to grow

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<v Speaker 1>even when adjusted for inflation. Q one private domestic demand

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<v Speaker 1>that's consumer and business spending up three percent. Q two

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<v Speaker 1>payroll growth up three point four percent. So if you

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<v Speaker 1>use the common recession definition of two quarters of negative growth,

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<v Speaker 1>it's probably not right to count that first quarter, which

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<v Speaker 1>was brought down by inventories and trade. That said, several

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<v Speaker 1>of these indicators expecting the show weakness in the gdpupart

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<v Speaker 1>on Thursday, as consumers look to be easing back in

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<v Speaker 1>response to high prices. So you start counting in the

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<v Speaker 1>second quarter. Let's start counting in the second quarter. And

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<v Speaker 1>to that, I say, well, if the second quarter is

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<v Speaker 1>negative and then the third is negative two, which seems

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<v Speaker 1>very possible, why not just start in the third quarter

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<v Speaker 1>because that second quarter is clearly no good. In fact,

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<v Speaker 1>I think the rule should be that we can't consider

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<v Speaker 1>ourselves to be in a recession until we actually have

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<v Speaker 1>a quarter of growth, and then we'll say, oh, maybe

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<v Speaker 1>that was a recession, but now it's growing. We pulled

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<v Speaker 1>the car out of the ditch. See how they do this.

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<v Speaker 1>It's all turned around now forget about that. Forget about that.

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<v Speaker 1>Remember what Biden said he would shut down the virus,

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<v Speaker 1>he would not shut down the economy. He did not

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<v Speaker 1>shut down the virus, obviously, but the economy shut that

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<v Speaker 1>down pretty good, the exact reverse of what was promised.

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<v Speaker 1>He didn't get elected with the promise that he would

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<v Speaker 1>just manage to stay upright and only mumble unintelligent twenty

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<v Speaker 1>percent of the time that he spoke, or thirty percent

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<v Speaker 1>of the time. That wasn't the promise. It wasn't you

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<v Speaker 1>know that I'll be able to be sort of the

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<v Speaker 1>bag of bones out there in front of everybody, muttering

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<v Speaker 1>nonsense and gibberish. No, no, no, it was supposed to

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<v Speaker 1>be amazing. It was supposed to be unity, prosperity, crushing COVID,

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<v Speaker 1>bringing economic economic growth. None of that has happened. In fact,

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<v Speaker 1>Biden did the most divisive thing during COVID of all

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<v Speaker 1>with his federal mandate all the vaccines that do not work,

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<v Speaker 1>not as a vaccine supposed to. I mean, you could say, well,

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<v Speaker 1>it reduces a percentage of the severe infection for a

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<v Speaker 1>sixty day window. Oh that's great, that's great, So you

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<v Speaker 1>better get those shots every two to three months for

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<v Speaker 1>the rest of your life, or else you're just getting COVID,

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<v Speaker 1>like everyone's getting COVID. Do you think anybody, by the

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<v Speaker 1>way that was trash yours truly? Even last summer, for

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<v Speaker 1>I wasn't even saying they've actually don't work very well

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<v Speaker 1>at all, which they don't work very well at all.

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<v Speaker 1>I was just saying, look, something's going on here, something

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<v Speaker 1>little skeptically. You think any of the blue checks that

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<v Speaker 1>were you're a monster, you're killing Grahama, you think they say, wow,

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<v Speaker 1>You're willingness to take a difficult position based upon emerging

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<v Speaker 1>data is something to emulate for anybody who works in

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<v Speaker 1>the space of news, punditry analysis. No, of course not.

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<v Speaker 1>What we've we've turned into in this country, unfortunately, is

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<v Speaker 1>a country of people who would rather be wrong and

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<v Speaker 1>stupid on the left than ever admit that they were wrong.

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<v Speaker 1>They'd rather just keep on doubling down and trippling down

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<v Speaker 1>on the wrong than have to look at the people

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<v Speaker 1>on the right and say, wow, maybe you guys had

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<v Speaker 1>a point, Maybe you're smarter than a thought, which is true,

0:10:05.657 --> 0:10:07.617
<v Speaker 1>we on the right are smarter than the left thought.

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<v Speaker 1>Turns out I'm a fan of the company Wolf and Shepherd.

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<v Speaker 1>dress shoes, but I don't want you to think about

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<v Speaker 1>these as dress shoes. These are everyday wear shoes. I've

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<v Speaker 1>got three pairs at home that you can wear just

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<v Speaker 1>going anywhere, going to the store, going out, going on

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<v Speaker 1>a date, to the office. So you know, they're as

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<v Speaker 1>comfortable on your feet as sneakers, but they look like,

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<v Speaker 1>Wolf and Shepherd is the secret to comfortable feet. Got

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<v Speaker 1>Shepherd wearer for years before I ever said a word

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<v Speaker 1>about them on air, this was my dress shoe of choice.

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<v Speaker 1>So just so you know, for years, these have been

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<v Speaker 1>my go to Wolf and Shepherd dress you should be

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<v Speaker 1>a part of your routine. They're just shoes. Don't even

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<v Speaker 1>think of about the dress you shoes. I'm telling you

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<v Speaker 1>and Shepherd dot com. No promo code needed. Wolf and

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<v Speaker 1>Shepherd dot com spelled s h E p h e

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<v Speaker 1>r d Wolf and Shepherd dot com. Now, I was

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<v Speaker 1>just speaking about COVID and how they never admit that

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<v Speaker 1>they're wrong. This is remarkable. Dozens of incoming university I'm

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<v Speaker 1>sorry they're incoming medical students. I thought they were graduating

0:11:40.857 --> 0:11:43.577
<v Speaker 1>when I talked to you. They stormed out of a

0:11:43.657 --> 0:11:48.057
<v Speaker 1>pro life doctor's keynote address during their White Code initiation ceremony.

0:11:49.217 --> 0:11:52.737
<v Speaker 1>She didn't say anything about abortion. But this is these

0:11:52.777 --> 0:11:57.017
<v Speaker 1>women are They've been brainwashing and there they're monstrous, these

0:11:57.097 --> 0:12:01.057
<v Speaker 1>met students. This is people are losing faith in doctors.

0:12:01.057 --> 0:12:03.457
<v Speaker 1>Do no harm, don't do any harm to the baby

0:12:03.457 --> 0:12:05.777
<v Speaker 1>in the womb either. Should be pretty straightforward. And I

0:12:05.817 --> 0:12:08.497
<v Speaker 1>know the medical community has been corrupted as a part

0:12:08.497 --> 0:12:13.217
<v Speaker 1>of the abortion industry for decades. Not all doctors, but

0:12:13.257 --> 0:12:16.577
<v Speaker 1>a lot of doctors have. They're going to have to

0:12:16.617 --> 0:12:19.097
<v Speaker 1>justify that. Now they're going to have to try to

0:12:19.097 --> 0:12:22.657
<v Speaker 1>explain medically, why a baby in the seven month, the

0:12:22.697 --> 0:12:25.617
<v Speaker 1>eighth month, the ninth month, and yes, as the pro

0:12:25.737 --> 0:12:30.697
<v Speaker 1>life movement holds it, the first month, the first few weeks,

0:12:31.057 --> 0:12:34.217
<v Speaker 1>why is that not a baby? Explain how that is

0:12:34.297 --> 0:12:42.377
<v Speaker 1>not in fact a baby. But doctors have, unfortunately through COVID,

0:12:42.457 --> 0:12:47.497
<v Speaker 1>seen their profession become highly politicized. Better to be a

0:12:47.617 --> 0:12:52.257
<v Speaker 1>lib in a lab coat and wrong than to be

0:12:52.497 --> 0:12:56.297
<v Speaker 1>honest with the data and the truth and assist the

0:12:56.457 --> 0:13:00.937
<v Speaker 1>right in terms of the political positions out there. They

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<v Speaker 1>would rather force patients to do the wrong thing that

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<v Speaker 1>admit that the right was in the right. This has

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<v Speaker 1>been true all throughout COVID. You know, you've got these doctors,

0:13:10.577 --> 0:13:12.177
<v Speaker 1>by the way, they're of course the one storming out.

0:13:12.177 --> 0:13:15.257
<v Speaker 1>They're all wearing masks. A lot of people in this

0:13:15.297 --> 0:13:22.777
<v Speaker 1>auditorium wearing masks. Why Why it's theater, folks, it's theater.

0:13:24.377 --> 0:13:27.017
<v Speaker 1>They've all either they've all been vaccinated it. Obviously, they're

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<v Speaker 1>all probably getting their boosters. They've already gotten their boosters.

0:13:29.377 --> 0:13:32.657
<v Speaker 1>They're young, they're medical school students, they're at basically no

0:13:32.777 --> 0:13:35.897
<v Speaker 1>risk of COVID, and they're throwing they're throwing a panic

0:13:35.937 --> 0:13:39.977
<v Speaker 1>right now, you know they're they're thinking about declaring you know,

0:13:40.017 --> 0:13:43.337
<v Speaker 1>the medical community such as it is. World health organizations

0:13:43.377 --> 0:13:49.417
<v Speaker 1>declared monkey pox a global health emergency. It is not

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<v Speaker 1>a global health emergency unless you are in a high

0:13:52.137 --> 0:13:55.697
<v Speaker 1>risk group. Now they won't speak about what the high

0:13:55.777 --> 0:13:58.537
<v Speaker 1>risk group is, although the Washington Post even printed an

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<v Speaker 1>editorial about this over the weekend. Monkey Pox thus far

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<v Speaker 1>in America has been ninety eight percent of cases involved

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<v Speaker 1>gay men. That's what the Washington Post says. That data

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<v Speaker 1>is wrong. I'll correct it, but this is what the

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<v Speaker 1>Washington Post is saying. Now, obviously, you want to try

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<v Speaker 1>to contain the virus and you don't want people getting this,

0:14:21.097 --> 0:14:24.217
<v Speaker 1>any people getting this at all. But if you're going

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<v Speaker 1>to be serious about epidemiology, you have to think about

0:14:26.617 --> 0:14:31.097
<v Speaker 1>risk factors. And we have been through this before. The

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<v Speaker 1>CDC horrifically, in my opinion, always exaggerated the threat of

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<v Speaker 1>HIV outside of communities, or rather in communities where it

0:14:43.537 --> 0:14:47.017
<v Speaker 1>was very unlikely to be a problem. And they did

0:14:47.017 --> 0:14:51.977
<v Speaker 1>this intentionally because they thought that it would create greater

0:14:52.417 --> 0:14:58.617
<v Speaker 1>political impetus for vaccine research dollars, etc. So they exaggerated

0:14:58.697 --> 0:15:01.417
<v Speaker 1>the threats outside of where the threat of the spread

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<v Speaker 1>of HIV was predominant. For political reasons, Fouci was a

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<v Speaker 1>huge part of this. This is what This is what

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<v Speaker 1>actually happened in the eighties and the nineties, and with Monkeypocks,

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<v Speaker 1>it seems there's a similar mentality at work. You know,

0:15:14.737 --> 0:15:18.297
<v Speaker 1>people who are smokers are at much greater risk for

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<v Speaker 1>lung cancer. So if you're going to try to help

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<v Speaker 1>people who have lung care or prevent people rather from

0:15:23.777 --> 0:15:27.217
<v Speaker 1>getting lung cancer, you probably want to focus on smokers first.

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<v Speaker 1>But instead we have this idea that everybody is going

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<v Speaker 1>to be treated like they're at the same degree of

0:15:33.857 --> 0:15:37.057
<v Speaker 1>risk from this virus. It's just not true. I don't

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<v Speaker 1>have time today for climate change lunacy. But the short

0:15:40.377 --> 0:15:44.097
<v Speaker 1>version is it's hot, so there's thing. It's climate change. No, no, no,

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<v Speaker 1>we'll get into that tomorrow. Thanks for rolling team Shields

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<v Speaker 1>High