1 00:00:01,160 --> 00:00:03,840 Speaker 1: Day three forty seven. Here it is, and you know 2 00:00:03,920 --> 00:00:06,320 Speaker 1: we're heading up to the one year anniversary and still 3 00:00:06,360 --> 00:00:10,160 Speaker 1: Americans abandoned behind enemy lines. Nobody talks about it. They've 4 00:00:10,160 --> 00:00:13,440 Speaker 1: all turned the page. All right, we told you what 5 00:00:13,640 --> 00:00:19,720 Speaker 1: was coming consumer confidence yesterday tanking and the worst number 6 00:00:19,760 --> 00:00:22,960 Speaker 1: in what the last number of months. Now we have 7 00:00:23,160 --> 00:00:28,080 Speaker 1: the Fed today, the Federal Reserve announcing another steep interest 8 00:00:28,200 --> 00:00:32,280 Speaker 1: rate hike today in their efforts to bring down this 9 00:00:32,479 --> 00:00:35,240 Speaker 1: forty one year high of implation of four decade high, 10 00:00:35,840 --> 00:00:40,519 Speaker 1: the FED, the panel federal officials responsible for monetary policy, 11 00:00:41,120 --> 00:00:45,920 Speaker 1: said they would boost the Central banks baseline interest rate 12 00:00:46,520 --> 00:00:50,680 Speaker 1: zero point seventy five percentage points or seventy five basis 13 00:00:50,720 --> 00:00:54,160 Speaker 1: points is now the second time over the past two months, 14 00:00:54,160 --> 00:00:57,920 Speaker 1: which is this has not happened since Jimmy Carter and 15 00:00:58,760 --> 00:01:02,200 Speaker 1: Reagan came into office, been Paul Volker, That's how long 16 00:01:02,240 --> 00:01:07,880 Speaker 1: it's been. That's the early eighties. Anyway, very fast increase. 17 00:01:08,080 --> 00:01:10,840 Speaker 1: The idea is they want to slow down an overheated 18 00:01:10,880 --> 00:01:14,640 Speaker 1: economy and Fed officials, by the way, have hinted at 19 00:01:14,720 --> 00:01:19,560 Speaker 1: another seventy five basis point rate hike for weeks. Banks 20 00:01:20,240 --> 00:01:25,760 Speaker 1: raised their rates last month to keep up with the Fed. 21 00:01:27,040 --> 00:01:29,240 Speaker 1: And by the way, for the first time since nineteen 22 00:01:29,360 --> 00:01:32,240 Speaker 1: ninety four, after inflation surged higher in May than the 23 00:01:32,280 --> 00:01:38,000 Speaker 1: economists expected, the Fed's rapid rate increases now have throttled 24 00:01:38,040 --> 00:01:40,600 Speaker 1: the housing market. And this is what I told you 25 00:01:40,640 --> 00:01:42,679 Speaker 1: and predicted is going to happen. And I'll explain it 26 00:01:42,720 --> 00:01:47,720 Speaker 1: again because it's important everybody understand where we are. Consumer prices, 27 00:01:47,760 --> 00:01:51,040 Speaker 1: by the way, rose nine point one percent in June, 28 00:01:51,080 --> 00:01:54,360 Speaker 1: one point two percent last month alone according to Labor 29 00:01:54,400 --> 00:02:00,360 Speaker 1: Department data, and all of this is now going to 30 00:02:00,480 --> 00:02:04,840 Speaker 1: hit everything. So much of this, what's so frustrating about 31 00:02:04,880 --> 00:02:06,680 Speaker 1: all of this is so much of it. As a 32 00:02:06,680 --> 00:02:10,120 Speaker 1: matter of fact, all of it was preventable. If we 33 00:02:10,120 --> 00:02:13,360 Speaker 1: would have kept the economic and energy policies of Donald Trump, 34 00:02:13,400 --> 00:02:15,720 Speaker 1: we would not be in the position that we're in today. 35 00:02:16,520 --> 00:02:20,200 Speaker 1: And all of you are feeling this. We now have, 36 00:02:20,600 --> 00:02:24,320 Speaker 1: with the consumer Confidence Index yesterday declining for the third 37 00:02:24,320 --> 00:02:28,560 Speaker 1: straight month, drop larger than expected. Yesterday, you have ninety 38 00:02:28,560 --> 00:02:32,320 Speaker 1: one million adults in this country now unable to afford 39 00:02:32,440 --> 00:02:37,840 Speaker 1: everyday household expenses because of Joe's economic policies and because 40 00:02:39,880 --> 00:02:44,520 Speaker 1: with the inflation and the price of energy, Joe Biden 41 00:02:44,639 --> 00:02:48,000 Speaker 1: promised as a candidate, I'm going to eliminate it no more, 42 00:02:48,480 --> 00:02:51,640 Speaker 1: no more fossil fuels. Look at my eye. Blah blah blah. Now, 43 00:02:51,720 --> 00:02:55,040 Speaker 1: what he didn't say is that he only meant domestic 44 00:02:55,200 --> 00:02:58,880 Speaker 1: energy production, which makes no sense at all. You know, 45 00:02:58,919 --> 00:03:02,480 Speaker 1: you would think after watching Vladimir Putin, and we reported 46 00:03:02,560 --> 00:03:07,639 Speaker 1: as of today, Vladimir Putin is fully cut Europe by 47 00:03:07,720 --> 00:03:10,920 Speaker 1: eighty percent of what he was previously sending them in 48 00:03:11,000 --> 00:03:14,920 Speaker 1: terms of natural gas and energy. He has now shifted 49 00:03:15,240 --> 00:03:20,040 Speaker 1: his supplies to countries like China and India as a 50 00:03:20,120 --> 00:03:23,480 Speaker 1: means of, you know, getting his billion dollar profit every day, 51 00:03:24,360 --> 00:03:27,440 Speaker 1: because he's smart enough to sell the natural gas that 52 00:03:27,440 --> 00:03:29,520 Speaker 1: they have in Russia, and we're too dumb to produce 53 00:03:29,600 --> 00:03:33,160 Speaker 1: it here anyway. If we did, you know, think of 54 00:03:33,160 --> 00:03:35,880 Speaker 1: the benefit not only for this country. Why would we? 55 00:03:36,240 --> 00:03:39,840 Speaker 1: Why is it okay to import it internationally? Why is 56 00:03:39,840 --> 00:03:44,520 Speaker 1: it okay that under Joe Biden last year he imported 57 00:03:44,560 --> 00:03:47,400 Speaker 1: six hundred and eighty four million barrels of oil from 58 00:03:47,480 --> 00:03:50,840 Speaker 1: Russia when he inherited in America that was energy independent. 59 00:03:51,480 --> 00:03:55,040 Speaker 1: Why wouldn't he finish the Keystone XL pipeline Because if 60 00:03:55,120 --> 00:03:57,120 Speaker 1: it was finished, and it wouldn't be finished by now, 61 00:03:57,600 --> 00:04:00,960 Speaker 1: we'd be taking in nine hundred thousand earls of Canadian 62 00:04:00,960 --> 00:04:04,680 Speaker 1: oil a day. Canada is not an enemy country, They're 63 00:04:04,680 --> 00:04:08,840 Speaker 1: not a hostile regime. They're they're a trading partner of ours. 64 00:04:09,280 --> 00:04:12,160 Speaker 1: It would have benefited Canada, it would have benefited the US. 65 00:04:12,200 --> 00:04:14,560 Speaker 1: As a matter of fact, they were extremely pissed off 66 00:04:15,320 --> 00:04:18,800 Speaker 1: when Joe unilaterally gave a waiver to of Vladimir Putin 67 00:04:18,920 --> 00:04:22,360 Speaker 1: so he could finish his pipeline, the nord Stream two pipeline, 68 00:04:22,880 --> 00:04:26,359 Speaker 1: which isn't even needed anymore because now he's cut back 69 00:04:27,560 --> 00:04:31,680 Speaker 1: sales of energy to Germany and other European countries because 70 00:04:32,040 --> 00:04:36,120 Speaker 1: their support of Ukraine and their condemnation of the invasion 71 00:04:36,160 --> 00:04:39,240 Speaker 1: of a sovereign country. So now we would be able 72 00:04:39,320 --> 00:04:41,800 Speaker 1: to take all of that business and be the most 73 00:04:41,920 --> 00:04:47,680 Speaker 1: energy dominant country in the entire world, rather than importing oil, 74 00:04:47,800 --> 00:04:51,560 Speaker 1: or begging the Iranian mullahs that hate us, rather than 75 00:04:51,640 --> 00:04:56,000 Speaker 1: making them rich, rather than begging the Parian nation, as 76 00:04:56,080 --> 00:05:02,159 Speaker 1: Joe called Saudi Arabia with their murdering leader, the crown 77 00:05:02,240 --> 00:05:06,640 Speaker 1: Prince mbs and kissing his ass and ring and begging 78 00:05:06,680 --> 00:05:10,000 Speaker 1: them to produce more energy, so we get imported, begging 79 00:05:10,000 --> 00:05:16,080 Speaker 1: OPEC and repeatedly they're declining. Joe's please. I mean it's embarrassing, 80 00:05:16,080 --> 00:05:19,160 Speaker 1: it's humiliating, and they've all got to be thinking, how 81 00:05:19,240 --> 00:05:23,039 Speaker 1: stupid is this guy? You know? Or begging Venezuela, sending 82 00:05:23,120 --> 00:05:26,040 Speaker 1: emissaries to Venezuela. Why would we make them rich again? 83 00:05:26,040 --> 00:05:29,520 Speaker 1: Why are we making Saudi Arabia rich again? Russia rich again, 84 00:05:29,600 --> 00:05:32,920 Speaker 1: or Ran rich again? Why are we taking five million 85 00:05:33,000 --> 00:05:37,320 Speaker 1: barrels of our petroleum strategic petroleum reserves and sending them 86 00:05:37,360 --> 00:05:41,320 Speaker 1: to China? Why are we lifting tariffs off China's China 87 00:05:41,400 --> 00:05:44,560 Speaker 1: now involved in free and fair trade. No, just the opposite. 88 00:05:45,279 --> 00:05:49,520 Speaker 1: It's China stopped their intellectual property theft. No, it's gotten worse. 89 00:05:50,160 --> 00:05:54,480 Speaker 1: I know, people in business, this has happened to it's amazing. 90 00:05:54,880 --> 00:05:59,320 Speaker 1: Now China says that America's crossed a line because Nancy 91 00:05:59,360 --> 00:06:03,919 Speaker 1: Pelosi is making a trip to Taiwan our ally, and 92 00:06:04,040 --> 00:06:07,880 Speaker 1: now we're crossing a line. Nancy Pelosi now has to 93 00:06:07,960 --> 00:06:11,640 Speaker 1: go to Taiwan. There's no option but to go to Taiwan. 94 00:06:12,800 --> 00:06:17,120 Speaker 1: And it's it's this, this is so maddening. You know 95 00:06:17,200 --> 00:06:19,760 Speaker 1: you look at all. By the way, forty percent of 96 00:06:19,800 --> 00:06:24,080 Speaker 1: Americans having difficulty paying their their basic bills every month. 97 00:06:24,960 --> 00:06:30,160 Speaker 1: A half of all senior citizens cannot afford essential expenses. 98 00:06:30,960 --> 00:06:33,520 Speaker 1: You know, foreclosures are now on the rise. I'll get 99 00:06:33,560 --> 00:06:36,120 Speaker 1: to home sales in a minute. New home sales have 100 00:06:36,240 --> 00:06:38,640 Speaker 1: dropped to a twenty four month low. This is only 101 00:06:38,720 --> 00:06:42,480 Speaker 1: the beginning. The repo man is back. Motor vehicles are 102 00:06:42,520 --> 00:06:46,000 Speaker 1: being repossessed at an alarming rate. The next thing that 103 00:06:46,040 --> 00:06:48,880 Speaker 1: will follow behind that is going to be foreclosures, mark 104 00:06:48,960 --> 00:06:51,920 Speaker 1: my words. And in the peak of summer. I've told 105 00:06:51,960 --> 00:06:55,159 Speaker 1: you yesterday about ice cream trucks. They can't afford the 106 00:06:55,200 --> 00:06:58,920 Speaker 1: price of diesel to run their ice cream truck. It's insane. 107 00:06:59,000 --> 00:07:02,920 Speaker 1: Walmart warning investors prices are gonna I'm sorry, profits will 108 00:07:02,960 --> 00:07:07,880 Speaker 1: be drying up. Their experienced a slowdown. And Walmart is 109 00:07:07,920 --> 00:07:11,080 Speaker 1: a store that people would gravitate to in tough economic 110 00:07:11,160 --> 00:07:14,120 Speaker 1: times because pretty much everything they sell is at a 111 00:07:14,160 --> 00:07:17,520 Speaker 1: lower price. And it's only going to get worse from here. 112 00:07:18,000 --> 00:07:21,240 Speaker 1: So now we have a point seventy five basis point 113 00:07:21,280 --> 00:07:26,840 Speaker 1: increase in interest rates, well that's gonna follow with rising 114 00:07:26,880 --> 00:07:29,480 Speaker 1: interest rates for home mortgages, which brings me to the 115 00:07:29,520 --> 00:07:32,600 Speaker 1: issue of you know, then, of course the big why 116 00:07:32,840 --> 00:07:36,040 Speaker 1: you know what is a recession? You know, desperately since 117 00:07:36,160 --> 00:07:40,240 Speaker 1: last week the Biden administration, I guess, anticipating seeing the 118 00:07:40,280 --> 00:07:44,760 Speaker 1: Atlanta Fed's prediction. They're predicting tomorrow a contraction in the economy, 119 00:07:45,000 --> 00:07:48,000 Speaker 1: negative growth of one point six percent. We'll see if 120 00:07:48,000 --> 00:07:51,720 Speaker 1: they're right. If they are right, that would mean by definition, 121 00:07:51,800 --> 00:07:55,880 Speaker 1: two quarters of consecutive negative growth means you're in a recession. 122 00:07:56,280 --> 00:07:58,200 Speaker 1: But they're trying to convince us that none of that 123 00:07:58,360 --> 00:08:02,480 Speaker 1: is true, and they've got their medium mob allies running 124 00:08:02,480 --> 00:08:06,200 Speaker 1: interference for them. You know, I've been telling you what's 125 00:08:06,200 --> 00:08:09,040 Speaker 1: going to happen next, and this is where now things 126 00:08:09,240 --> 00:08:12,280 Speaker 1: really begin to hurt. And I know you think you're 127 00:08:12,360 --> 00:08:15,360 Speaker 1: hurting now because every time you fill up your car, 128 00:08:15,440 --> 00:08:19,400 Speaker 1: you're reminded. And just because they're releasing strategic petroleum reserves 129 00:08:19,760 --> 00:08:22,600 Speaker 1: to put a band aid on the high cost of oil, 130 00:08:22,960 --> 00:08:25,760 Speaker 1: it's a temporary fix, just like the last time they 131 00:08:25,800 --> 00:08:27,800 Speaker 1: did it. And then they get to go out and say, 132 00:08:27,840 --> 00:08:32,160 Speaker 1: see the price of gasoline has come down. Okay, then 133 00:08:32,200 --> 00:08:35,760 Speaker 1: they'll stop releasing the strategic petroleum reserves because we don't 134 00:08:35,840 --> 00:08:39,679 Speaker 1: have enough of them. And the next thing will happen 135 00:08:39,800 --> 00:08:43,520 Speaker 1: prices will start going up again. So it's a band 136 00:08:43,559 --> 00:08:47,360 Speaker 1: aid solution of best. New home sales have plunged to 137 00:08:47,400 --> 00:08:51,160 Speaker 1: the lowest level in two years. This is what's next. 138 00:08:52,160 --> 00:08:56,000 Speaker 1: Now you're going to see new home construction come to 139 00:08:56,080 --> 00:08:59,800 Speaker 1: a screeching halt. I've been telling you. Then after that 140 00:09:00,160 --> 00:09:03,720 Speaker 1: sale of pre existing homes that will dry up. Also, 141 00:09:03,920 --> 00:09:06,840 Speaker 1: nobody's gonna want to give up their two point five, 142 00:09:07,080 --> 00:09:11,640 Speaker 1: three point five, even four mortgage rate for a thirty 143 00:09:11,720 --> 00:09:15,040 Speaker 1: year fixed mortgage and trade that in for a seven 144 00:09:15,120 --> 00:09:18,160 Speaker 1: year fixed mortgage because you're paying you know, if you 145 00:09:18,160 --> 00:09:21,480 Speaker 1: have a five hundred thousand dollar house and you go, 146 00:09:21,760 --> 00:09:24,440 Speaker 1: you know, up just two full percentage points, you're paying 147 00:09:24,480 --> 00:09:27,720 Speaker 1: about two hundred thousand dollars more over the course of 148 00:09:27,760 --> 00:09:31,240 Speaker 1: the loan. That is a massive amount of money. We're 149 00:09:31,360 --> 00:09:34,880 Speaker 1: driving people out of the housing market because they keep 150 00:09:35,280 --> 00:09:38,000 Speaker 1: raising these interest rates. Then the next thing that's going 151 00:09:38,080 --> 00:09:41,080 Speaker 1: to happen after that is home values are going to decrease. 152 00:09:41,920 --> 00:09:44,000 Speaker 1: I don't know if a quote Newsweek, but they actually 153 00:09:44,040 --> 00:09:47,320 Speaker 1: had a pretty good article referring to this. By the way, 154 00:09:47,640 --> 00:09:51,800 Speaker 1: home prices peak demand is cratering. That was in the 155 00:09:51,800 --> 00:09:54,680 Speaker 1: New York Post today. That was their headline, Buyer's shock. 156 00:09:55,160 --> 00:09:58,640 Speaker 1: The seller's market that was in the early spring became 157 00:09:58,679 --> 00:10:02,480 Speaker 1: a buyer's market more or less overnight, as large numbers 158 00:10:02,520 --> 00:10:09,319 Speaker 1: of potential purchases purchasers had their spending power dramatically reduced 159 00:10:09,480 --> 00:10:12,040 Speaker 1: or pushed out of the market altogether by the surging 160 00:10:12,440 --> 00:10:17,199 Speaker 1: mortgage rates. Well, that's now happening. Back to Newsweek, US 161 00:10:17,320 --> 00:10:20,640 Speaker 1: facing a perfect storm for a two thousand and eight 162 00:10:20,720 --> 00:10:24,760 Speaker 1: like housing crisis. Now, I've been telling you now for months, 163 00:10:24,760 --> 00:10:27,880 Speaker 1: this is going to happen. Reading from Newsweek, the US 164 00:10:28,040 --> 00:10:31,400 Speaker 1: is facing a perfect storm for a housing crisis similar 165 00:10:31,440 --> 00:10:34,720 Speaker 1: to that of two thousand and eight, according to Jose Torres, 166 00:10:34,800 --> 00:10:38,400 Speaker 1: senior economists for Interactive Brokers. Torre has made the comment 167 00:10:38,480 --> 00:10:41,800 Speaker 1: during an interview with Insider, and his analysis comes as 168 00:10:41,800 --> 00:10:44,880 Speaker 1: concerns over the economy the housing market remain a key 169 00:10:45,000 --> 00:10:48,960 Speaker 1: issue for millions of Americans. Housing prices increased through the 170 00:10:48,960 --> 00:10:52,280 Speaker 1: first half of twenty twenty two as inflation continues to 171 00:10:52,320 --> 00:10:55,560 Speaker 1: impact every sector of the economy, but the prices could 172 00:10:55,600 --> 00:11:00,040 Speaker 1: soon come crashing down, He's warning. He predicted within the 173 00:10:59,840 --> 00:11:03,400 Speaker 1: next few years, housing prices could drop as much as 174 00:11:03,400 --> 00:11:06,240 Speaker 1: twenty five percent. So many of you are upset at 175 00:11:06,280 --> 00:11:10,240 Speaker 1: your four oh one K, your iras, the stock market, 176 00:11:10,280 --> 00:11:13,120 Speaker 1: any stock you might own, forget it. That's nothing compared 177 00:11:13,160 --> 00:11:14,760 Speaker 1: to what you're going to lose in your in the 178 00:11:14,840 --> 00:11:18,600 Speaker 1: value of your home. I'll be it temporarily. Eventually, We'll 179 00:11:18,600 --> 00:11:21,240 Speaker 1: get out of it. Eventually, hopefully we elect adults that 180 00:11:21,320 --> 00:11:24,360 Speaker 1: know the economy again. Anyway, he said, the crisis is 181 00:11:24,400 --> 00:11:28,559 Speaker 1: fueled by the construction boom that lasted throughout twenty twenty one, 182 00:11:28,960 --> 00:11:32,880 Speaker 1: even though construction has slowed this summer, lowering demand for housing. 183 00:11:33,120 --> 00:11:36,720 Speaker 1: He described the phenomenon as a misalignment of timing between 184 00:11:36,760 --> 00:11:39,960 Speaker 1: supply and demand. He called it a perfect storm brewing 185 00:11:40,000 --> 00:11:43,040 Speaker 1: in the real estate market due to a nearly decade 186 00:11:43,120 --> 00:11:47,600 Speaker 1: high construction levels dwindling demand. He said Americans can expect 187 00:11:47,679 --> 00:11:50,679 Speaker 1: to see a lot like what we saw during the 188 00:11:50,720 --> 00:11:55,240 Speaker 1: Great Financial Crisis in terms of falling house prices. At 189 00:11:55,360 --> 00:12:01,080 Speaker 1: this point, housing is inaccessible when considering household income and 190 00:12:01,160 --> 00:12:06,359 Speaker 1: personal income. The percentages of average monthly payments for household 191 00:12:06,400 --> 00:12:09,840 Speaker 1: income personal income or at record highs similar to what 192 00:12:09,920 --> 00:12:12,640 Speaker 1: we saw in two thousand and eight. A housing crash 193 00:12:12,720 --> 00:12:16,479 Speaker 1: would have far reaching impact on millions and millions of Americans, 194 00:12:16,760 --> 00:12:20,720 Speaker 1: adding economic stress on homeowners, potentially forcing many to go 195 00:12:20,760 --> 00:12:24,360 Speaker 1: into foreclosure, and potentially having a negative impact on other 196 00:12:24,480 --> 00:12:27,240 Speaker 1: sectors of the economy. On the flip side, the lower 197 00:12:27,280 --> 00:12:30,480 Speaker 1: housing prices that come of the crash are generally viewed 198 00:12:30,480 --> 00:12:34,120 Speaker 1: as a favorable time for first time home buyers. Okay, 199 00:12:34,160 --> 00:12:38,680 Speaker 1: so as some people you know, benefit, others are going 200 00:12:38,720 --> 00:12:41,240 Speaker 1: to suffer. That's another way of saying it. Steve Moore 201 00:12:41,960 --> 00:12:45,079 Speaker 1: said that during the Trump said that a housing market 202 00:12:45,120 --> 00:12:57,360 Speaker 1: crash is a huge concern of his. So even if 203 00:12:57,400 --> 00:13:01,200 Speaker 1: the Atlanta Fed in their prediction of you know, negative 204 00:13:01,559 --> 00:13:04,480 Speaker 1: growth for the second quarter, which would mean it would 205 00:13:04,520 --> 00:13:09,920 Speaker 1: meet the Dictionary definition of a recession, which is defined 206 00:13:09,960 --> 00:13:14,800 Speaker 1: as two quarters of negative growth consecutive quarters of negative growth, 207 00:13:15,240 --> 00:13:17,240 Speaker 1: it doesn't matter. The White House is gonna line so 208 00:13:17,320 --> 00:13:19,240 Speaker 1: we're not in a recession. Just because they say it 209 00:13:19,240 --> 00:13:23,160 Speaker 1: doesn't make it true. Most Americans understand that we are 210 00:13:23,240 --> 00:13:27,959 Speaker 1: living through very very difficult economic times. What I'm sadly 211 00:13:28,000 --> 00:13:30,280 Speaker 1: pointing out to you wish I wasn't pointing out to you, 212 00:13:30,440 --> 00:13:33,040 Speaker 1: is that I predict it's going to get a lot worse, 213 00:13:33,559 --> 00:13:36,520 Speaker 1: and I'm urging all of you to be very, very 214 00:13:36,559 --> 00:13:39,720 Speaker 1: smart in terms of the money you're going to spend 215 00:13:39,880 --> 00:13:43,000 Speaker 1: and the money that maybe the extra money you can 216 00:13:43,040 --> 00:13:46,280 Speaker 1: bring in. That's the only way to have a hedge 217 00:13:46,400 --> 00:13:50,880 Speaker 1: against the economic downturn that we're living through. And the 218 00:13:50,920 --> 00:13:52,960 Speaker 1: media mob, I mean, all they want to do is 219 00:13:53,000 --> 00:13:57,240 Speaker 1: protect every socialist Democrat because they buy into this climate 220 00:13:57,360 --> 00:14:02,120 Speaker 1: cult alarmism themselves. You have Washington Post column the recession 221 00:14:02,200 --> 00:14:05,199 Speaker 1: experts don't think we are win one, and neither do I. 222 00:14:05,559 --> 00:14:08,200 Speaker 1: For all the talk surrounding the GDP numbers this week, 223 00:14:08,200 --> 00:14:11,960 Speaker 1: the job market is strong and so are other key indicators. 224 00:14:12,400 --> 00:14:16,520 Speaker 1: We haven't even returned to the full employment levels pre pandemic. 225 00:14:16,559 --> 00:14:19,640 Speaker 1: They're full of crap. The hacks that the AP are 226 00:14:19,680 --> 00:14:23,040 Speaker 1: saying the economy is shrinking for two consecutive quarters is 227 00:14:23,040 --> 00:14:26,720 Speaker 1: not the definition of a recession. That quote counts. Yes, 228 00:14:26,760 --> 00:14:31,360 Speaker 1: it is the definition of a recession. I quoted Norio Roubini, 229 00:14:31,480 --> 00:14:37,240 Speaker 1: the guy that predicted the eight decline. He's now says 230 00:14:37,240 --> 00:14:40,440 Speaker 1: we're facing a deep procession. Interest rates rise, the economy's 231 00:14:40,480 --> 00:14:44,480 Speaker 1: burdened with high debtloads. He says, anybody expecting a shallow 232 00:14:44,560 --> 00:15:04,960 Speaker 1: downturn is delusional. Listen to this show one time and 233 00:15:05,160 --> 00:15:10,720 Speaker 1: you're hannitized. Sean Hannity is back on the radio, all right, 234 00:15:10,840 --> 00:15:12,880 Speaker 1: twenty five to the top of the hour. So, yeah, 235 00:15:13,000 --> 00:15:16,200 Speaker 1: gas prices have come down, but we're still paying twice 236 00:15:16,200 --> 00:15:20,320 Speaker 1: what we were paying when Donald Trump left the office 237 00:15:20,360 --> 00:15:25,160 Speaker 1: of president of being president. And do you think maybe 238 00:15:25,160 --> 00:15:27,160 Speaker 1: in the lead up to this week where you're gonna 239 00:15:27,160 --> 00:15:30,400 Speaker 1: get consumer confidence, the Fed's gonna raise interest rates, which 240 00:15:30,440 --> 00:15:33,280 Speaker 1: they did seventy five basis points today, three quarters of 241 00:15:33,320 --> 00:15:36,280 Speaker 1: a point interest rate hike, which is going to raise 242 00:15:37,240 --> 00:15:41,200 Speaker 1: rates even higher for mortgages, et cetera, loans of any kind. 243 00:15:42,760 --> 00:15:44,840 Speaker 1: Do you think maybe they wanted to drive down the 244 00:15:44,880 --> 00:15:48,520 Speaker 1: cost of gasoline in the lead up to this bad week. 245 00:15:48,600 --> 00:15:53,240 Speaker 1: Tomorrow we'll find out, you know GDP numbers. Ah, the 246 00:15:53,320 --> 00:15:57,960 Speaker 1: suspicious side of me says, no, absolutely not. The White 247 00:15:57,960 --> 00:16:02,440 Speaker 1: House is announced the sale yesterday of an additional twenty 248 00:16:02,440 --> 00:16:06,040 Speaker 1: million barrels of oil from these strategic petroleum reserve. Now 249 00:16:06,080 --> 00:16:08,680 Speaker 1: they sold five million barrels to China, which nobody can 250 00:16:08,680 --> 00:16:11,960 Speaker 1: get an answer to. And China is now claiming that 251 00:16:12,720 --> 00:16:17,480 Speaker 1: we have crossed a line because Nancy Pelosi's visiting Taiwan. 252 00:16:18,280 --> 00:16:20,680 Speaker 1: By the way, it's been confirmed she had now has 253 00:16:20,720 --> 00:16:23,560 Speaker 1: to go on the trip. We have no choice. She's 254 00:16:23,560 --> 00:16:25,720 Speaker 1: got to go on that trip. You cannot be allow 255 00:16:25,840 --> 00:16:30,400 Speaker 1: yourself to be bullied by President Chi and China and something. 256 00:16:30,600 --> 00:16:33,480 Speaker 1: They tried to bully Mike Pompeo when he went over there. 257 00:16:33,560 --> 00:16:36,240 Speaker 1: I did an interview when he was there for the 258 00:16:36,240 --> 00:16:39,120 Speaker 1: TV show and they were happy that he was there. 259 00:16:39,560 --> 00:16:43,320 Speaker 1: There are ally and you know, I know that the 260 00:16:43,400 --> 00:16:46,880 Speaker 1: Chairman of the Joint Chiefs, General Millie, has been meeting 261 00:16:47,280 --> 00:16:51,720 Speaker 1: with what his counterparts in twenty six other countries, you know, 262 00:16:51,800 --> 00:16:55,720 Speaker 1: how to create stability. What's going to happen if China 263 00:16:55,760 --> 00:16:59,080 Speaker 1: follows through on their quote reunification plans. In other words, 264 00:16:59,080 --> 00:17:01,880 Speaker 1: it plans to invade a sovereign country and take it 265 00:17:01,920 --> 00:17:06,080 Speaker 1: over and militarize the entire region. It's a it's a 266 00:17:06,119 --> 00:17:08,760 Speaker 1: real danger and I don't know if there's an honest answer. 267 00:17:09,600 --> 00:17:13,960 Speaker 1: I just there's no fear of Joe Biden by any 268 00:17:14,000 --> 00:17:17,880 Speaker 1: world leaders. Then it raises, you know, important questions. Why 269 00:17:17,960 --> 00:17:22,679 Speaker 1: why is he giving favored trading status to Beijing and China? 270 00:17:23,320 --> 00:17:25,119 Speaker 1: You know, is any of this connected to Hunter and 271 00:17:25,160 --> 00:17:27,040 Speaker 1: all the millions of dollars that he made and a 272 00:17:27,119 --> 00:17:30,440 Speaker 1: billion dollars dearly did with the Bank of China. You know, 273 00:17:30,560 --> 00:17:33,320 Speaker 1: is that the reason why the Nordstream too pipeline was 274 00:17:33,359 --> 00:17:36,879 Speaker 1: given to Vladimir Putin while we were simultaneously canceling the 275 00:17:36,960 --> 00:17:43,280 Speaker 1: Keystone XL pipeline. Why are we now, you know, releasing 276 00:17:43,320 --> 00:17:46,800 Speaker 1: twenty million barrels of oil from our strategic petroleum reserve. 277 00:17:46,840 --> 00:17:50,480 Speaker 1: It is only a band aid solution because twenty days, 278 00:17:50,520 --> 00:17:53,600 Speaker 1: if they do a million barrels a day, okay, it'll 279 00:17:53,680 --> 00:17:58,200 Speaker 1: drive down oil prices, gas prices temporarily. That's not the answer. 280 00:17:59,119 --> 00:18:03,960 Speaker 1: They still steadfastly refused to go for the simple solution, 281 00:18:04,600 --> 00:18:07,800 Speaker 1: and that is the domestic production of energy. We do 282 00:18:07,840 --> 00:18:11,240 Speaker 1: it faster, we do it cheaper, and we do it cleaner. 283 00:18:12,000 --> 00:18:17,679 Speaker 1: Because this fantasy of energy independence with renewables, that the 284 00:18:17,840 --> 00:18:22,359 Speaker 1: technology does not exist, Win Soul or whatever. And of 285 00:18:22,359 --> 00:18:25,520 Speaker 1: course they don't like nuclear power either. That would be 286 00:18:26,080 --> 00:18:30,040 Speaker 1: a viable option. I mean, I think what France gets 287 00:18:30,040 --> 00:18:35,280 Speaker 1: sent their electric power from nuclear power plants, But they're 288 00:18:35,280 --> 00:18:39,800 Speaker 1: not willing. The environmentalists, the climate alarmist religious cult that 289 00:18:39,880 --> 00:18:44,359 Speaker 1: runs the Democratic Party, would never allow that I told 290 00:18:44,359 --> 00:18:48,320 Speaker 1: you the story yesterday about the ice cream man, mister 291 00:18:48,440 --> 00:18:50,639 Speaker 1: Softie or a Good Humor. I loved it as a 292 00:18:50,720 --> 00:18:54,239 Speaker 1: kid when they came around. Anyway, many vendors in now 293 00:18:54,320 --> 00:18:55,679 Speaker 1: saying it looks like it's going to be the end 294 00:18:55,680 --> 00:19:00,400 Speaker 1: of the ice cream truck. Era and parks pulls sidential 295 00:19:00,440 --> 00:19:03,560 Speaker 1: areas used to be prime places where they'd hang out. 296 00:19:04,560 --> 00:19:06,520 Speaker 1: I remember when the ice cream man would come down 297 00:19:06,520 --> 00:19:11,800 Speaker 1: my block. I'd be Dad, please, please, please, Thank goodness. 298 00:19:11,880 --> 00:19:15,879 Speaker 1: My dad loved toasted almonds from Good Humor because he 299 00:19:16,040 --> 00:19:17,760 Speaker 1: wanted one, so as long as he wanted one, he 300 00:19:17,800 --> 00:19:21,879 Speaker 1: couldn't say no to us and begging him. But the 301 00:19:21,960 --> 00:19:24,080 Speaker 1: sad thing is if, for example, they quote there was 302 00:19:24,160 --> 00:19:28,919 Speaker 1: one article I saw today. They quote a truck owner 303 00:19:29,240 --> 00:19:32,680 Speaker 1: in Lower New York City, in Lower Manhattan, struggling with 304 00:19:32,720 --> 00:19:37,040 Speaker 1: his decision to raise prices by fifty cents to account 305 00:19:37,080 --> 00:19:41,960 Speaker 1: for his increased daily expenses. I pays eighty bucks a 306 00:19:42,119 --> 00:19:46,240 Speaker 1: day for gasoline. He was paying fifteen dollars before the pandemic. 307 00:19:46,960 --> 00:19:50,280 Speaker 1: Forty dollars in diesel a day. That's more than twice 308 00:19:50,280 --> 00:19:53,760 Speaker 1: what he was paying before the pandemic. He now pays 309 00:19:54,000 --> 00:19:56,800 Speaker 1: forty one dollars for three gallons of vanilla ice cream. 310 00:19:56,840 --> 00:20:00,560 Speaker 1: He used to cost him twenty seven dollars. He sold 311 00:20:00,600 --> 00:20:03,879 Speaker 1: ice cream for twenty seven years, and since the pandemic, 312 00:20:04,240 --> 00:20:07,080 Speaker 1: he said, he's noticed a massive drop off in demand. 313 00:20:07,119 --> 00:20:09,560 Speaker 1: He now takes in as little as two hundred bucks 314 00:20:09,600 --> 00:20:14,239 Speaker 1: before expensives, selling ice cream for nine hours. Sometimes if 315 00:20:14,240 --> 00:20:16,760 Speaker 1: a regular customer comes to him with two bucks for 316 00:20:16,800 --> 00:20:18,760 Speaker 1: an ice cream, you'll just sell it at a loss. 317 00:20:19,760 --> 00:20:23,760 Speaker 1: He says, I'm sixty six, I'm tired, adding that he's 318 00:20:23,760 --> 00:20:27,920 Speaker 1: thinking of selling his truck. How sad is that? It's 319 00:20:27,960 --> 00:20:30,199 Speaker 1: pretty sad? Now? New Jersey's going to chip in up 320 00:20:30,240 --> 00:20:33,680 Speaker 1: to four thousand dollars According to Governor Murphy if you 321 00:20:33,760 --> 00:20:37,040 Speaker 1: buy an electric vehicle, here's the problem. That electric vehicle 322 00:20:37,280 --> 00:20:40,440 Speaker 1: is twenty thousand dollars more. Where are people going to 323 00:20:40,520 --> 00:20:43,520 Speaker 1: get the other sixteen thousand dollars? And by the way, 324 00:20:44,680 --> 00:20:47,080 Speaker 1: what about all of the mining that goes on to 325 00:20:47,160 --> 00:20:50,119 Speaker 1: create those batteries for those electric vehicles. You know, the nickel, 326 00:20:50,200 --> 00:20:54,000 Speaker 1: the cobalt, the manganese, and all the other minerals that 327 00:20:54,040 --> 00:20:57,520 Speaker 1: they use big heavy equipment run by diesel fuel to 328 00:20:57,920 --> 00:21:02,160 Speaker 1: extract from Mother Earth. Never mind the fact that most 329 00:21:02,200 --> 00:21:06,000 Speaker 1: of our energy grid is based on coal and gas, etc. 330 00:21:07,600 --> 00:21:10,040 Speaker 1: And by the way, there was a Wall Street Journal article, 331 00:21:10,119 --> 00:21:12,840 Speaker 1: don't expect big consumer brands to be lowering their prices 332 00:21:12,880 --> 00:21:15,760 Speaker 1: anytime soon. Coke and they go through. You know, all 333 00:21:15,800 --> 00:21:19,240 Speaker 1: these different companies that were used to Dove shampoo, Huggies, diapers, 334 00:21:19,320 --> 00:21:22,800 Speaker 1: big Max have been raising prices as their cost increase 335 00:21:22,880 --> 00:21:26,640 Speaker 1: on everything from woodpulp to wages. The executives behind these 336 00:21:26,640 --> 00:21:29,560 Speaker 1: global brands are saying that they would keep passing along 337 00:21:30,040 --> 00:21:33,240 Speaker 1: those cost two shoppers for now. What have I always 338 00:21:33,240 --> 00:21:36,600 Speaker 1: said about corporations? I keep telling everybody they don't pay taxes. 339 00:21:37,200 --> 00:21:39,359 Speaker 1: Once they get a tax increase, they pass it on 340 00:21:39,400 --> 00:21:42,960 Speaker 1: to us. Once they get an inflation cost increase, they 341 00:21:43,040 --> 00:21:46,679 Speaker 1: pass it on to us. It's not that they're bad people, 342 00:21:46,760 --> 00:21:48,879 Speaker 1: but they're looking out for their bottom line and they 343 00:21:48,920 --> 00:21:54,000 Speaker 1: have a fiduciary responsibility to their shareholders. It's called business economics. 344 00:21:54,119 --> 00:21:57,840 Speaker 1: One o one half of Americans are now falling deeper 345 00:21:57,960 --> 00:22:00,960 Speaker 1: into debt as inflation continues to boost cost That was 346 00:22:01,000 --> 00:22:05,639 Speaker 1: a CNBC article. By the way, you might not this 347 00:22:05,720 --> 00:22:08,119 Speaker 1: may not be popular where you live. Maybe some people 348 00:22:08,119 --> 00:22:10,440 Speaker 1: get egg mcmuffins. But it's kind of like a New 349 00:22:10,520 --> 00:22:13,560 Speaker 1: York City, New York State favorite, Like you get a bacon, 350 00:22:13,600 --> 00:22:17,159 Speaker 1: egg and cheese on a roll and anyway, that's what 351 00:22:17,200 --> 00:22:19,639 Speaker 1: a lot of people. They'll stop by a bodega or 352 00:22:19,640 --> 00:22:21,880 Speaker 1: a Delhi to get it. It's a staple of many 353 00:22:21,880 --> 00:22:24,440 Speaker 1: New Yorkers. Diets. I used to eat them. I don't 354 00:22:24,480 --> 00:22:27,480 Speaker 1: need so much anymore. But anyway, to keep up with 355 00:22:27,520 --> 00:22:31,600 Speaker 1: the inflation, bacon, egg and cheese. It used to cost 356 00:22:31,600 --> 00:22:37,760 Speaker 1: two fifties, now four fifty And why is it happening? 357 00:22:37,800 --> 00:22:40,760 Speaker 1: They have no choice if they want to keep their 358 00:22:40,760 --> 00:22:45,840 Speaker 1: doors open, they want to stay in business. It's again, 359 00:22:46,000 --> 00:22:48,479 Speaker 1: it's not by a design that they want this to happen, 360 00:22:49,119 --> 00:22:52,200 Speaker 1: and their regular customers are complaining and they're cutting back. 361 00:22:53,520 --> 00:22:55,440 Speaker 1: By the way. Firms in the US and Europe were 362 00:22:55,560 --> 00:22:58,240 Speaker 1: more than nine point four trillion will report their latest 363 00:22:58,280 --> 00:23:02,240 Speaker 1: figures tomorrow as a time of concern over the impact 364 00:23:02,240 --> 00:23:05,280 Speaker 1: of rampant inflation, because people are going to spend less 365 00:23:05,720 --> 00:23:09,520 Speaker 1: because everything costs more and they're paying on average a 366 00:23:09,560 --> 00:23:13,119 Speaker 1: couple is because of Biden, inflation is averaging sixty eight 367 00:23:13,200 --> 00:23:15,520 Speaker 1: hundred dollars more a year. If you drive your car 368 00:23:15,560 --> 00:23:18,440 Speaker 1: to and from work. Well that's costing another two grand 369 00:23:18,480 --> 00:23:21,720 Speaker 1: a year. So you know, in the lead up to 370 00:23:21,760 --> 00:23:24,639 Speaker 1: this bad week on the economy, you know, oh, gas 371 00:23:24,680 --> 00:23:27,439 Speaker 1: prices are down a little bit. Well look at natural 372 00:23:27,480 --> 00:23:34,040 Speaker 1: gas prices because they're up sixty six percent for July already. 373 00:23:34,119 --> 00:23:36,920 Speaker 1: I mean, it's it's been going through the roof natural 374 00:23:37,000 --> 00:23:42,720 Speaker 1: gas prices surging around the world thanks to Europe's dependence 375 00:23:42,840 --> 00:23:47,160 Speaker 1: on Vladimir Putin and Russian energy. And now Putin's pissed 376 00:23:47,160 --> 00:23:49,800 Speaker 1: at Europe because they're supporting Ukraine and they're not supporting 377 00:23:49,800 --> 00:23:52,960 Speaker 1: his invasion of his sovereign country. So now he's cut 378 00:23:52,960 --> 00:23:58,359 Speaker 1: back the supplies eighty percent. And now they're selling their energy, 379 00:23:58,400 --> 00:24:02,600 Speaker 1: their gas, etc. To other countries like China and India, 380 00:24:02,680 --> 00:24:05,159 Speaker 1: and so Europe is just you know, they're out of 381 00:24:05,240 --> 00:24:09,400 Speaker 1: luck and now struggling. There's a story on foxnews dot 382 00:24:09,440 --> 00:24:11,879 Speaker 1: com about an Iowa farmer. We've had so many farmers 383 00:24:11,920 --> 00:24:15,720 Speaker 1: calling this program. Rancher's calling this program telling us there's 384 00:24:15,720 --> 00:24:18,320 Speaker 1: going to be a food shortage coming because we can't 385 00:24:18,320 --> 00:24:24,280 Speaker 1: afford to produce the crops the way we normally would 386 00:24:24,280 --> 00:24:29,320 Speaker 1: because it's too expensive. US gas price averaging two dollars 387 00:24:29,440 --> 00:24:33,120 Speaker 1: higher than it was a year ago. I mean, how 388 00:24:33,119 --> 00:24:35,960 Speaker 1: do they possibly when you have fertilizer prices up? What 389 00:24:36,880 --> 00:24:40,679 Speaker 1: they know about four hundred percent since Donald Trump left office. 390 00:24:41,400 --> 00:24:44,520 Speaker 1: Seed money is up about one hundred percent. It's more 391 00:24:44,520 --> 00:24:48,959 Speaker 1: than doubled in price. Consumer confidence for new homes is falling. 392 00:24:49,040 --> 00:24:52,800 Speaker 1: Washington Times. Wall Street Journal says the country's facing an 393 00:24:52,840 --> 00:24:58,280 Speaker 1: economic mess. They're not wrong. Pretty smart people at the 394 00:24:58,280 --> 00:25:02,000 Speaker 1: Wall Street Journal white saying Biden's decision to tap the 395 00:25:02,080 --> 00:25:06,399 Speaker 1: petroleum reserve, Oh cause the forty cent dropping gas band 396 00:25:06,400 --> 00:25:09,760 Speaker 1: aid not gonna last long. And now we've got the 397 00:25:09,880 --> 00:25:15,600 Speaker 1: largest rate increases month to month since Volker. Unbelievable. But 398 00:25:15,800 --> 00:25:18,240 Speaker 1: we do have a vice president that is talking about 399 00:25:18,359 --> 00:25:22,840 Speaker 1: very important things like pronouns. By the way, Twitter just 400 00:25:23,000 --> 00:25:26,120 Speaker 1: blew up, and I only know because my staff tells 401 00:25:26,160 --> 00:25:28,720 Speaker 1: me I don't have access to my Twitter account. Over 402 00:25:29,200 --> 00:25:33,720 Speaker 1: the way, Kamala Harris introduced herself yesterday, let's play that again. 403 00:25:34,880 --> 00:25:38,240 Speaker 1: Good afternoon. I want to love them, these leaders for 404 00:25:38,440 --> 00:25:42,600 Speaker 1: coming in to have this very important discussion about some 405 00:25:42,680 --> 00:25:48,159 Speaker 1: of the less pressing issues of our time. I am 406 00:25:48,200 --> 00:25:50,919 Speaker 1: Kamala Harris. My pronouns are she and her. I'm a 407 00:25:51,000 --> 00:25:55,359 Speaker 1: woman sitting at the table wearing a blue suit, and 408 00:25:57,359 --> 00:26:00,760 Speaker 1: I am Kamala Harris. My pronouns are she and her, 409 00:26:00,920 --> 00:26:03,399 Speaker 1: and I am sitting at the table wearing a blue suit. 410 00:26:04,320 --> 00:26:07,680 Speaker 1: I think everybody at the table knows Kamala Harris. Other 411 00:26:07,760 --> 00:26:12,040 Speaker 1: figures at the table introduced themselves with descriptions. I am 412 00:26:12,080 --> 00:26:15,760 Speaker 1: a Latina with blonde, highlighted hair. I'm wearing a gray 413 00:26:15,840 --> 00:26:20,399 Speaker 1: blazer over a black shade dress. My pronouns are she 414 00:26:20,760 --> 00:26:23,720 Speaker 1: and her. I'm a white woman with long brown hair. 415 00:26:23,760 --> 00:26:26,640 Speaker 1: I'm wearing a red dress, and I'm wearing a seat 416 00:26:26,680 --> 00:26:30,280 Speaker 1: through mask so you can see my red lips. Another says, 417 00:26:30,320 --> 00:26:33,080 Speaker 1: I am a black woman with curly hair, and I 418 00:26:33,080 --> 00:26:37,400 Speaker 1: am wearing a vintage black and floral dress. With all 419 00:26:37,400 --> 00:26:41,640 Speaker 1: the world's pressing problems, this is our vice president is 420 00:26:42,240 --> 00:26:47,600 Speaker 1: handling the border problems, the economic problems. Now we have 421 00:26:47,720 --> 00:26:51,280 Speaker 1: the New York Times in what is now the fourth 422 00:26:51,400 --> 00:26:56,520 Speaker 1: by my count, just blistering attacks against Joe Biden and 423 00:26:56,560 --> 00:26:59,879 Speaker 1: the Biden administration, and even Paul Krugman had to do 424 00:27:00,119 --> 00:27:03,080 Speaker 1: mayor culpa, oh, I was wrong about inflation. They of 425 00:27:03,080 --> 00:27:04,679 Speaker 1: course they're wrong. When are they going to admit they 426 00:27:04,680 --> 00:27:08,320 Speaker 1: were wrong on Trump Russia collusion. One of their columnists, 427 00:27:08,320 --> 00:27:12,800 Speaker 1: they're supposed conservative columnists, Brett Stevens, is anything but accused 428 00:27:12,840 --> 00:27:15,680 Speaker 1: Biden of being a failing president who is so weak 429 00:27:15,720 --> 00:27:20,760 Speaker 1: that the Western world has been left effectively leader to lists. Now, 430 00:27:20,800 --> 00:27:23,000 Speaker 1: Brett Stevens is no fan of mine. He should have 431 00:27:23,000 --> 00:27:26,080 Speaker 1: just said Hannity's been right from day one, says the 432 00:27:26,080 --> 00:27:28,920 Speaker 1: best thing Biden could do would be an announce immediately 433 00:27:28,920 --> 00:27:32,400 Speaker 1: that he's not going to run in twenty twenty four. Okay, 434 00:27:33,520 --> 00:27:36,480 Speaker 1: but this is this is your White House. Seventy five 435 00:27:36,520 --> 00:27:39,800 Speaker 1: percent of Democratic voters want someone other than Biden. Biden 436 00:27:39,960 --> 00:27:41,919 Speaker 1: is not going to be the candidate. I did not 437 00:27:42,080 --> 00:27:44,800 Speaker 1: pick this up yesterday. I'm gonna try and put it 438 00:27:44,840 --> 00:27:51,160 Speaker 1: on TV tonight because they've made some bad decisions anyway. 439 00:27:51,160 --> 00:27:54,600 Speaker 1: You know, Biden is already a mess. Everybody knows it. 440 00:27:55,359 --> 00:27:58,760 Speaker 1: But what only we had the courage to say very early. 441 00:27:58,960 --> 00:28:01,600 Speaker 1: Now everybody see then. They saw it at the time, 442 00:28:01,600 --> 00:28:04,280 Speaker 1: but they just acted like they didn't see it. Anyway, 443 00:28:04,359 --> 00:28:07,520 Speaker 1: So the White House releases a picture that left nothing 444 00:28:07,560 --> 00:28:11,640 Speaker 1: but questions. Biden did a live stream which cut off suddenly. 445 00:28:12,640 --> 00:28:16,159 Speaker 1: He looked like he was about to keel over. Monday, 446 00:28:16,200 --> 00:28:18,560 Speaker 1: the President's coms team put together a clip of him 447 00:28:18,640 --> 00:28:24,920 Speaker 1: ranting about the insurrection and they shouldn't they really shouldn't have. 448 00:28:25,040 --> 00:28:27,320 Speaker 1: And you watch, by the way, his vice president was 449 00:28:27,320 --> 00:28:30,760 Speaker 1: out there saying that the rioters in twenty twenty, they're 450 00:28:30,800 --> 00:28:34,400 Speaker 1: not going to stop. They won't stop. Take note, beware, 451 00:28:34,800 --> 00:28:37,320 Speaker 1: they shouldn't stop. We're not going to stop. They're not 452 00:28:37,359 --> 00:28:41,320 Speaker 1: going to stop even after the election. Anyway, when you 453 00:28:41,360 --> 00:28:46,000 Speaker 1: watch the whole thing, he looks so weird. Brave men 454 00:28:46,200 --> 00:28:49,320 Speaker 1: and women in uniform across America's not forget the defeated 455 00:28:49,360 --> 00:28:52,520 Speaker 1: former president United States watched January sixth happened and didn't 456 00:28:52,560 --> 00:28:56,320 Speaker 1: have the spine to act. He's now saying that, bragging 457 00:28:56,360 --> 00:29:00,920 Speaker 1: that his amicron. You know, he he did so much 458 00:29:00,960 --> 00:29:06,600 Speaker 1: better than Donald Trump with COVID versus Donald Trump. Amicron 459 00:29:07,360 --> 00:29:12,560 Speaker 1: five point zero is not the original coronavirus. Nice try, Joe. 460 00:29:12,840 --> 00:29:15,880 Speaker 1: I mean not that it matters. It's just none of 461 00:29:16,160 --> 00:29:17,800 Speaker 1: you know, none of it matters. By the way, we're 462 00:29:17,800 --> 00:29:22,560 Speaker 1: gonna do dig down deeper into Senator Grassley's letter to 463 00:29:22,640 --> 00:29:25,480 Speaker 1: Director Ray of the FBI, into the Attorney General Merrick 464 00:29:25,560 --> 00:29:30,080 Speaker 1: Garland as it relates to whistleblowers that are saying they 465 00:29:30,120 --> 00:29:32,320 Speaker 1: have all the evidence and all the proof that people 466 00:29:32,360 --> 00:29:36,040 Speaker 1: within the FBI and Department of Justice are purposely saying 467 00:29:36,240 --> 00:29:41,320 Speaker 1: evidence against Hunter Biden is misinformation from Russia, when in 468 00:29:41,360 --> 00:29:47,479 Speaker 1: fact it's not pretty unbelievable anyway. Eight hundred nine one 469 00:29:47,480 --> 00:29:48,840 Speaker 1: shun is a number if you want to be a 470 00:29:48,840 --> 00:29:51,440 Speaker 1: part of the program. We've got so much ground to 471 00:29:51,440 --> 00:29:53,640 Speaker 1: cover today. We'll check in with Bill O'Reilly. See if 472 00:29:53,680 --> 00:29:56,320 Speaker 1: he knows he used to be an English teacher, See 473 00:29:56,320 --> 00:29:58,680 Speaker 1: if he knows what the real definition of a recession is.