Speaker 1: You're listening to the Buck Sexton Show podcast. Make sure
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Speaker 1: or wherever you get your podcasts. Team. Welcome to the
Speaker 1: Freedom Hunt Monday, July twenty fifth edition of the program.
Speaker 1: So much to discuss today. When is a recession not
Speaker 1: a recession? The White House has a new definition for you,
Speaker 1: and it involves, well, is a Democrat president? And how
Speaker 1: the Democrats in charge in Congress because that changes the
Speaker 1: definition of recession. No, no, really it does according to them.
Speaker 1: We will discuss plus a bunch of doctors to be
Speaker 1: walk out of their med school graduation because the speaker
Speaker 1: they found out is pro life not allowed. How much
Speaker 1: more damage to its credibility can these institutions of medicine
Speaker 1: do to their credibility? We shall discuss Steve Bannon held
Speaker 1: in tempt on Friday, a little bit of the aftermath
Speaker 1: of that, and maybe a five time today, some of
Speaker 1: the climate change lunacy that is emerging because it's hot outside.
Speaker 1: When it's hot, it's climate change. When it's called it's
Speaker 1: climate change. If the climate stays the same, that's the
Speaker 1: scariest of all, because it's supposed to change therefore it
Speaker 1: is climate change. You see how that goes. It's remarkable,
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Speaker 1: So it was pretty remarkable to see this over the
Speaker 1: weekend from Whitehouse dot gov. Okay, this is from the
Speaker 1: White House website under the Biden administration. What is a recession?
Speaker 1: They ask? This is a quarter? This is all quote. Okay.
Speaker 1: While some maintain that two consecutive quarters are falling, real
Speaker 1: GDP constitute a recession, that is neither the official definition
Speaker 1: nor the way economists evaluate the state of the business cycle. Instead,
Speaker 1: both official determinations of recessions and economists assessment of economic
Speaker 1: activity are based on a holistic look at the data,
Speaker 1: including the labor market, consumer and business spending, industrial production,
Speaker 1: and incomes. Based on these data, it is unlikely that
Speaker 1: the decline in GDP in the first quarter of this year,
Speaker 1: even if followed by another GDP decline in the second quarter,
Speaker 1: indicates a recession. Isn't that special? Two quarters in a
Speaker 1: row of negative GDP? According to this why House is
Speaker 1: no longer a recession, which is fascinating because for the
Speaker 1: last six months, what has everybody been talking about. We
Speaker 1: get two quarters of negative GDP, We're in a recession.
Speaker 1: What do they say, Oh, no, that's not a recession.
Speaker 1: Why are they saying this? Well, a few reasons. The
Speaker 1: obvious thing is that on Thursday will find out what
Speaker 1: the official GDP number is. And the broader why is
Speaker 1: that they are going into a midterm election where unless
Speaker 1: unless there are unless there are far more delusional people
Speaker 1: in this country than I had anticipated. The Democrats will
Speaker 1: be in their worst position in Congress in terms of
Speaker 1: Republican seats held in the House, in the Senate in decades,
Speaker 1: perhaps in Congress the worst position in generations. Now, wouldn't
Speaker 1: that be fantastic? They are desperate, friends, They're so desperate
Speaker 1: that instead of even trying to distract with good news here,
Speaker 1: avoid the negative news there, don't pay any attention to it.
Speaker 1: Instead of that, they have decided that they're just going
Speaker 1: to change the definition. Up is down, down is up,
Speaker 1: left is right, right is left bad as good, good
Speaker 1: as bad. It's a very Soviet thing to do, isn't it.
Speaker 1: It's not a recession. A recession doesn't mean what you
Speaker 1: think it means. Remember, Princess Bride, you keep using that word.
Speaker 1: I do not think it means what you think it means.
Speaker 1: The guy in Nigo Montoya says, if memory serves, and
Speaker 1: they're saying, well, that's exactly the situation that the word
Speaker 1: recession doesn't mean what we think it meets. So that's
Speaker 1: pretty remarkable, isn't it. That's a pretty interesting situation. So,
Speaker 1: my friends, this is the desperate times that they find
Speaker 1: themselves in over the Democrat Party. Here is CNBC Economics
Speaker 1: reporters Steve Leesman trying to do his best to say no, no, no, no,
Speaker 1: we need to reset the clock here. Two quarters in
Speaker 1: a row doesn't count for this year. It's got to
Speaker 1: be a second quarter. Start. Seven little chipmunks sitting on
Speaker 1: a branch eating a lot of eightcorns, something like that.
Speaker 1: Play eight. The White Houses Council for Economic Advisors, in
Speaker 1: a blog, points to key factors you should determine whether
Speaker 1: we're in a recession, and notes they continue to grow
Speaker 1: even when adjusted for inflation. Q one private domestic demand
Speaker 1: that's consumer and business spending up three percent. Q two
Speaker 1: payroll growth up three point four percent. So if you
Speaker 1: use the common recession definition of two quarters of negative growth,
Speaker 1: it's probably not right to count that first quarter, which
Speaker 1: was brought down by inventories and trade. That said, several
Speaker 1: of these indicators expecting the show weakness in the gdpupart
Speaker 1: on Thursday, as consumers look to be easing back in
Speaker 1: response to high prices. So you start counting in the
Speaker 1: second quarter. Let's start counting in the second quarter. And
Speaker 1: to that, I say, well, if the second quarter is
Speaker 1: negative and then the third is negative two, which seems
Speaker 1: very possible, why not just start in the third quarter
Speaker 1: because that second quarter is clearly no good. In fact,
Speaker 1: I think the rule should be that we can't consider
Speaker 1: ourselves to be in a recession until we actually have
Speaker 1: a quarter of growth, and then we'll say, oh, maybe
Speaker 1: that was a recession, but now it's growing. We pulled
Speaker 1: the car out of the ditch. See how they do this.
Speaker 1: It's all turned around now forget about that. Forget about that.
Speaker 1: Remember what Biden said he would shut down the virus,
Speaker 1: he would not shut down the economy. He did not
Speaker 1: shut down the virus, obviously, but the economy shut that
Speaker 1: down pretty good, the exact reverse of what was promised.
Speaker 1: He didn't get elected with the promise that he would
Speaker 1: just manage to stay upright and only mumble unintelligent twenty
Speaker 1: percent of the time that he spoke, or thirty percent
Speaker 1: of the time. That wasn't the promise. It wasn't you
Speaker 1: know that I'll be able to be sort of the
Speaker 1: bag of bones out there in front of everybody, muttering
Speaker 1: nonsense and gibberish. No, no, no, it was supposed to
Speaker 1: be amazing. It was supposed to be unity, prosperity, crushing COVID,
Speaker 1: bringing economic economic growth. None of that has happened. In fact,
Speaker 1: Biden did the most divisive thing during COVID of all
Speaker 1: with his federal mandate all the vaccines that do not work,
Speaker 1: not as a vaccine supposed to. I mean, you could say, well,
Speaker 1: it reduces a percentage of the severe infection for a
Speaker 1: sixty day window. Oh that's great, that's great, So you
Speaker 1: better get those shots every two to three months for
Speaker 1: the rest of your life, or else you're just getting COVID,
Speaker 1: like everyone's getting COVID. Do you think anybody, by the
Speaker 1: way that was trash yours truly? Even last summer, for
Speaker 1: I wasn't even saying they've actually don't work very well
Speaker 1: at all, which they don't work very well at all.
Speaker 1: I was just saying, look, something's going on here, something
Speaker 1: little skeptically. You think any of the blue checks that
Speaker 1: were you're a monster, you're killing Grahama, you think they say, wow,
Speaker 1: You're willingness to take a difficult position based upon emerging
Speaker 1: data is something to emulate for anybody who works in
Speaker 1: the space of news, punditry analysis. No, of course not.
Speaker 1: What we've we've turned into in this country, unfortunately, is
Speaker 1: a country of people who would rather be wrong and
Speaker 1: stupid on the left than ever admit that they were wrong.
Speaker 1: They'd rather just keep on doubling down and trippling down
Speaker 1: on the wrong than have to look at the people
Speaker 1: on the right and say, wow, maybe you guys had
Speaker 1: a point, Maybe you're smarter than a thought, which is true,
Speaker 1: we on the right are smarter than the left thought.
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Speaker 1: r d Wolf and Shepherd dot com. Now, I was
Speaker 1: just speaking about COVID and how they never admit that
Speaker 1: they're wrong. This is remarkable. Dozens of incoming university I'm
Speaker 1: sorry they're incoming medical students. I thought they were graduating
Speaker 1: when I talked to you. They stormed out of a
Speaker 1: pro life doctor's keynote address during their White Code initiation ceremony.
Speaker 1: She didn't say anything about abortion. But this is these
Speaker 1: women are They've been brainwashing and there they're monstrous, these
Speaker 1: met students. This is people are losing faith in doctors.
Speaker 1: Do no harm, don't do any harm to the baby
Speaker 1: in the womb either. Should be pretty straightforward. And I
Speaker 1: know the medical community has been corrupted as a part
Speaker 1: of the abortion industry for decades. Not all doctors, but
Speaker 1: a lot of doctors have. They're going to have to
Speaker 1: justify that. Now they're going to have to try to
Speaker 1: explain medically, why a baby in the seven month, the
Speaker 1: eighth month, the ninth month, and yes, as the pro
Speaker 1: life movement holds it, the first month, the first few weeks,
Speaker 1: why is that not a baby? Explain how that is
Speaker 1: not in fact a baby. But doctors have, unfortunately through COVID,
Speaker 1: seen their profession become highly politicized. Better to be a
Speaker 1: lib in a lab coat and wrong than to be
Speaker 1: honest with the data and the truth and assist the
Speaker 1: right in terms of the political positions out there. They
Speaker 1: would rather force patients to do the wrong thing that
Speaker 1: admit that the right was in the right. This has
Speaker 1: been true all throughout COVID. You know, you've got these doctors,
Speaker 1: by the way, they're of course the one storming out.
Speaker 1: They're all wearing masks. A lot of people in this
Speaker 1: auditorium wearing masks. Why Why it's theater, folks, it's theater.
Speaker 1: They've all either they've all been vaccinated it. Obviously, they're
Speaker 1: all probably getting their boosters. They've already gotten their boosters.
Speaker 1: They're young, they're medical school students, they're at basically no
Speaker 1: risk of COVID, and they're throwing they're throwing a panic
Speaker 1: right now, you know they're they're thinking about declaring you know,
Speaker 1: the medical community such as it is. World health organizations
Speaker 1: declared monkey pox a global health emergency. It is not
Speaker 1: a global health emergency unless you are in a high
Speaker 1: risk group. Now they won't speak about what the high
Speaker 1: risk group is, although the Washington Post even printed an
Speaker 1: editorial about this over the weekend. Monkey Pox thus far
Speaker 1: in America has been ninety eight percent of cases involved
Speaker 1: gay men. That's what the Washington Post says. That data
Speaker 1: is wrong. I'll correct it, but this is what the
Speaker 1: Washington Post is saying. Now, obviously, you want to try
Speaker 1: to contain the virus and you don't want people getting this,
Speaker 1: any people getting this at all. But if you're going
Speaker 1: to be serious about epidemiology, you have to think about
Speaker 1: risk factors. And we have been through this before. The
Speaker 1: CDC horrifically, in my opinion, always exaggerated the threat of
Speaker 1: HIV outside of communities, or rather in communities where it
Speaker 1: was very unlikely to be a problem. And they did
Speaker 1: this intentionally because they thought that it would create greater
Speaker 1: political impetus for vaccine research dollars, etc. So they exaggerated
Speaker 1: the threats outside of where the threat of the spread
Speaker 1: of HIV was predominant. For political reasons, Fouci was a
Speaker 1: huge part of this. This is what This is what
Speaker 1: actually happened in the eighties and the nineties, and with Monkeypocks,
Speaker 1: it seems there's a similar mentality at work. You know,
Speaker 1: people who are smokers are at much greater risk for
Speaker 1: lung cancer. So if you're going to try to help
Speaker 1: people who have lung care or prevent people rather from
Speaker 1: getting lung cancer, you probably want to focus on smokers first.
Speaker 1: But instead we have this idea that everybody is going
Speaker 1: to be treated like they're at the same degree of
Speaker 1: risk from this virus. It's just not true. I don't
Speaker 1: have time today for climate change lunacy. But the short
Speaker 1: version is it's hot, so there's thing. It's climate change. No, no, no,
Speaker 1: we'll get into that tomorrow. Thanks for rolling team Shields
Speaker 1: High