A lot of economic news, and we're going to get to our very distinguished colleague, professor at Chicago's Booth School of Economics, former chairman of the Council of Economic Advisors for the Obama administration, Austin Goolsbee.
And because he's a professor, I'm going to have him grade Joe Biden on a variety of issues.
Now, but first, we're going to start with the economy.
And I don't know, call me suspicious.
ADP, which has a great reputation, reported a 300,000 job loss for January.
Now, the Biden Labor Department reported a 467,000 job gain.
Now, you might think, Hannity, you want the economy to be bad?
No, because I love my fellow Americans.
And Biden inflation, according to Penn Wharton, is costing up to $5,000 per household because of the disastrous economic and energy policies.
Oil, so we have mixed review on that number.
Let's give Biden his number for the day, but I'm not buying it.
I'll put that aside.
Then you have Lawrence Summers, not a dumb guy, predicting the Biden inflation crisis, a 40-year high, will become the Biden recession by the end of this year.
Recession defined as two negative quarters of growth.
Anyway, he said macroeconomic policies that push demand well past the economy's capacity, such as those we've pursued over the past year, do not just lead to inflation, but rather to increasing inflation, with the inflation rate accelerating for as long as the economy is overheated.
And he talked about the painful lessons of the 60s, 70s, and Jimmy Carter's recession.
But, you know, just in context here, I want to bring in our good friend, professor at the Chicago, prestigious Chicago Booth School of Economics, who's never invited me to be a guest speaker, Austin Goolsby.
How are you?
Hey, Sean, I'm going to need to get you in touch with my TA because you got yourself worked into a corner there with your numbers.
Well, I really did.
I mean, every number I gave was accurate.
$91 a barrel.
The quotes of Lawrence Summers were real.
ADP's numbers yesterday showed a 300,000 job loss.
The Biden Labor Department shows a 467,000 job gain.
Lawrence predicting the.
It's more what you what you left out.
What part is that?
Accident.
But 2021, biggest job growth year ever, second highest economic growth rate in the last half century.
Only Ronald Reagan's 1984 was better.
And a very strong job market with a lot of wage gains.
So there are definitely negatives and there are definite positives.
So if we go back to the three years of Donald Trump prior to the pandemic, we had record low unemployment numbers.
By the way, for every demographic group in the country, here's my question.
You and I have gone over these numbers again and again and again.
We're not going to agree.
So I thought today we'd do something different.
You ready?
Okay, let's do it.
Okay, you're a professor.
Now, do you consider yourself a hard grader or are you kind of, you know, one of the professors that, yeah, I'll give the kid a B plus.
I don't care.
I'm probably a tough grader.
Really?
Like, how many kids are in your average class?
I teach three sections and each one's got about 70 kids.
Okay.
How many of the 70 in each class will usually end up with an A?
They kind of have a forced average GPA at the school.
So there's a forced curve.
By the way, that is so outrageous.
That is such an injustice.
If you deserve an A, give the kid an A. If you're giving out too many A's because you have too many smart kids, well, that's not your problem.
And the thing is, over time, at the University of Chicago, they've gotten smarter and smarter.
If you go just look at their test scores, they've gotten smarter and smarter.
So it's gotten harder.
Now you have to give a kid a B plus because you can't give out the A that he deserves because you've given out too many A's.
Yes.
You know what?
By the way, I blame your Democratic Party for that crap.
That's just, you know.
What are you talking about?
That is the biggest bunch of Adam ship I've ever heard in my life.
Anyway, because they're too tough, you're usually telling me that my Democratic friends are snowflakes.
They're too easy.
Now I'm telling you we're too tough for graders, and you're like, that's not true.
That's not what you're telling me.
You're telling me kids that really deserve A's, you can't give A's to everyone that deserves them because they have this phony curve.
If a kid deserves an A, give them an A. If every kid, all 70 kids deserve an A, give them all A's, period.
Not saying to give them anything for nothing.
If you give them all A's, then you'd be like, this professor gave them all A's.
Yeah, then by the way, then you'd have 500 kids in your class the next semester.
Because word would get out pretty fast that you're an easy grader.
All right, let me get on the economy.
I'm not really going to fight you on it, but I just want my audience to sort of get into the mind of a Biden-supporting, Obama-loving, new Green Deal socialist radical.
Sean Hannity calling great American.
That's right.
I did call you a great American.
Written down.
Sean Hannity said you are a great American.
I did write that.
Now, that is true.
I don't lie.
But the thing is, you know, you're a wonderful person.
There are liberals that are, you know, just power hungry and know damn well what they're doing isn't going to work.
You're not one of them.
You really believe in redistribution of wealth and put it all in a big pot and we'll share it equally, blah, blah.
I should have just stopped you at L.O. and you're a great American.
Let's agree on that part.
All right.
Grade Biden over.
I'm supposed to grade.
Wait, just tell me the rules.
I'm grading the conditions or I'm grading the overall state of whatever the topic is.
For example, the first overall, what grade would you give Joe Biden on the economy?
His policy response or on how the economy is the results of his policies.
How is he doing on the economy?
The economy is doing.
I would say labor market straightened.
No, no, no, no, no.
It's a simple question.
It's an A, B, C, D, or F. There's no even plus or minuses.
All right, you can add plus or minuses.
Go ahead.
I would say conditions, I would give a B plus.
All right, I'm at an S. Labor market.
I am at an F. Inflation.
All right.
Listen, I just want to know how crazy you really are.
All right, now let's go a little deeper.
Now, over Christmas, we ran out of COVID tests.
They presented a plan in October.
This was all chronicled by Vanity Fair.
And they said we can make 732 million tests a month leading up to the holidays every month.
And we know that there's a predictable spike with Hanukkah and Christmas and New Year's and a lot of get-togethers.
They said no.
We ran out of tests.
We also ran out of monoclonal antibodies.
We've had FDA approval forever for these antivirals from FISA and Merck that every doctor I talk to raves about.
They ran out of all of it.
Now, how would you grade Joe Biden's?
And remember, we have more dead people from COVID in 2021 and 2020.
How do you grade him on COVID?
For sure on testing, I grade him low.
And I got to be consistent.
I was very critical of the Trump administration at the beginning.
They were trying to get one million tests, not seven or a million tests, and they failed to do it.
And I was very critical.
So I have to be very critical.
Let me tell you something.
We never ran out of ventilators or PPE and Operation Warfare.
We ran out of tests.
Okay, Operation Warfare.
So I'm siding with you.
I think that was an unforced answer.
What's the grade?
At best, a C.
I give him a B on that test.
Forget, you are not a hard crate.
He gets an F. What do you mean?
Now, you only talked about tests.
How did he run out of tests now entering the third year of the pandemic and you give him a C?
Are you out of your mind?
No, now, wait a minute.
You said on all of COVID.
So the getting, building up the capacity to have the vaccines.
He can't convince the one-third of the country that got into this.
Forget about that.
We ran out of monoclonal antibodies, the best therapeutic.
He never upspeed the antivirals, and we ran out of tests.
What's the overall grade?
I told you, overall, I give a C.
I think there are areas where there are great strengths to visit.
All right, well, we've got a lot of other topics.
An A. All right.
So I give him an F. You're the East German judge at the Olympics, man.
You gave him an F before he even got the trip.
That might be the hottest line you've ever had.
All right.
Now let's go to the issue of energy.
When Joe Biden, Joey, you know, when he's awake, might get ice cream.
If he has his wife pulling, you know, come on, Joe, come along.
If you get off stage, we'll go upstairs and get some ice cream.
Anyway, overall, we were a net exporter of energy, and we also were energy independent for the first time in 75 years.
Donald Trump achieved that.
Now, you told me that, so I went and looked it up.
But we imported 2.9 billion barrels of oil last year.
In the last administration.
At the end of the year, go back and look.
At the end of his last year, we didn't import a single barrel of oil from Saudi Arabia.
$2.87 million.
We were a net exporter.
Yeah, but we imported all of that oil.
Okay.
We now reduce production.
Here's my question.
It was Obama who approved the exporting of oil.
Okay.
Let me ask you, just to get cut to the chase, what do you give a grade on Joey on energy?
On the production of energy?
No, energy prices are through the roof.
Oil prices now are at a seven-year high.
He has artificially reduced exploration for gas and oil in Anwar.
He stopped the Keystone XL pipeline.
He has put other environmental obstacles up that prevent the exploration and extraction of energy.
He's begged OPEC numerous times to produce more, and he's even begged Russia.
What is your grade?
I need you to explain why 2021 is going to be the third highest production of American oil.
I'm asking you why is he decreasing our ability to produce energy, oil, and gas, the lifeblood of the world's economy?
You're missing the whole point.
Highest ever, Sean.
He has put restriction.
He's restricted ANWAR.
He's restricted other parts of Alaska.
He's restricted pipelines.
He's restricting in Texas.
He's restricting any exploration and extraction anywhere that he can.
What are you talking about?
Then, how do you explain why protection as high as it is?
Because we artificially have reduced the supply while the demand has remained constant, and he's making Russia rich again because he gave Vladimir Putin a waiver.
Whole premise would imply that U.S. production is way down, but it's not.
By the way, if you were my student, I'd kick your ass out of the classroom right now for not answering the question.
What is what you might have had the best line ever, though?
Don't think I can top that today.
All right, more with Austin Goolsby as we try and extract grades out of him for the Biden's failed policies
on pretty much everything.
On immigration overall, Joe Biden, we have hit a 25-year high last year of illegal immigrants.
He stopped the stay-in-Mexico policy, stopped building the wall.
Now it's not only process and release, but preferential treatment, no COVID testing.
Jen Saki said they're not going to be here very long.
They're flying people all over the country in the dark of night.
Now, today, Kamala and Joe are talking about amnesty as reparations for child separation issues under the Trump administration.
What's your grade on their handling of enforcing the law of the nation on our borders?
Different sparting spot.
I think immigration is super important, and I want there to be more immigration.
Okay, legal immigration.
We had legal immigration plunge.
True or false?
True or false question.
Is Joe Biden enforcing the laws of the land as it relates to immigration?
He is enforcing a lot of the laws of the land, yes.
Not true.
What's your grade for him overall on controlling legal immigration and his handling of illegal immigration?
I got to go.
What's the answer?
What's the grade?
I'm not going to give him a high grade because I'm not giving a grade.
I'm going to give immigrants here.
I want more immigrants.
They create jobs.
You are a pain in the neck.
Can you just answer what grade on immigration?
I give him so far a B, but it's mostly incomplete.
I want there to be more immigration.
You have lost your mind.
The fact that you.
The whole premise of your thing is that we should do more pre-preparedness.
Let's extrapolate it out.
What grade do you give him on stopping?
What grade do you give him on stopping illegal immigration?
On stopping illegal immigration.
If I look at the numbers compared not to the middle of the pandemic, which is what implicitly you're doing to the pre-pandemic, you got to at least give them a B. You're out of here.
You are.
Your students need to hear from me.
I need to counter this indoctrination that's going on at the Chicago Booth School of Economics, man.
All right.
I got to roll.
Okay, you got to go.
All right.
Thank you, Austin Goolsby.
Oh, my gosh.
I feel like I was extracting teeth here.
Sean gets the answers no one else does.
America deserves to know the truth about Congress.
25 to the top of the hour.
Peter Schweitzer, his new book, by the way, is number one on the New York Times list, Red Handed, How American Elites Get Rich Helping China Win.
He's going to join us.
So they had the opening ceremonies of the Olympics earlier.
Nancy Pelosi's words to the athletes, don't speak out.
Don't talk.
They might get mad at you.
What happened to the land of the free, the home of the brave?
You know, the cause of liberty and freedom.
What?
What do you want people to do?
Get on bended knee and praise the corrupt, hostile regime of the communist Chinese?
The ones persecuting the Uyghur minority in China?
The ones that are flying their fighter jets over Taiwan, telling them they're going to take their country over?
The ones that have cracked down in Hong Kong?
The ones that gave the world COVID?
The hell?
What do you mean?
What do these words mean, land of the free, home of the brave?
If I go to China and I'm an athlete, you're damn right I'm going to speak my mind.
I'm not going to listen to Nancy Pelosi.
What are they going to do?
Take me hostage, kick me out of the country?
China's got themselves a big PR problem.
And why the Olympic Committee picked China as any, I don't know.
Oh, we're going to have a diplomatic boycott.
Oh, that means a lot.
Oh, so that dopey Secretary of State isn't going to show up, Winkin Blinken, who's an embarrassment anyway.
They have no respect for him at all.
They're not stupid.
So I want to play, this is Nancy Pelosi.
You might not want to talk.
And then Joe Biden says, now think how compromised the Biden family is.
And Peter will get into this later.
$31 million in business with China.
$1.5 billion deal with the Bank of China.
Zero experience hunter.
You can't make it up.
How compromised are the Bidens?
Completely.
With China, Russia, Ukraine, you name it.
The last name was Trump.
They have very different media coverage of this would be going on.
And Joe Biden on China's abuses.
Well, countries have different norms.
The central principle of Xi Jinping is that there must be a united, tightly controlled China.
And he uses his rationale for the things he does based on that.
I point out to him, no American president can be sustained as a president if he doesn't reflect the values of the United States.
And so the idea, I'm not going to speak out against what he's doing in Hong Kong, what he's doing with the Uyghurs in western mountains of China, and Taiwan trying to end the one China policy by making it forceful.
I said, and by the way, he said he gets it.
Culturally, there are different norms in each country, and their leaders are expected to follow.
You said, quote, it is in our self-interest that China continue to prosper.
A lot of people think that allowing China into the World Trade Organization, which he supported, extending most favored nation status to China, which he supported, those steps allowed China to take advantage of the United States by using our own open trade deals against us.
No.
Do you think in retrospect that you were naive about China?
No.
I would say to our athletes, you're there to compete.
Do not risk incurring the anger of the Chinese government because they are ruthless.
I know there is a temptation on the part of some to speak out while they are there.
I respect that, but I also worry about what the Chinese government might do.
I cannot believe these are the two leaders in this country.
I can't.
Oh, I see my friend Pearl from Brooklyn is standing by.
We had a call yesterday from a woman.
I think her name was Diane.
And she had family members in the Holocaust.
For many years, Pearl's mom, Hannah, who was a Holocaust survivor, was a regular call to this program.
I love this woman.
She's an amazing woman.
The horrors that she would describe are unyou can't even imagine the evil.
Pearl, we miss your mom.
Good to hear from you, however.
I know you're never going to recover.
Your mother was such a special lady.
Thank you so much, Sean.
Thank you from the bottom of my heart for remembering and speaking about my mother on yesterday's program.
Your program was excellent, and the event with Whoopi Goldberg on The View, it shows us and it's proved to people in this country that she is uninformed and not educated about the Holocaust.
Unfortunately, Whoopi, she represents the majority of Americans who are not knowledgeable about events of the Holocaust and the atrocities that were perpetrated on the Jews.
Sean, six million Jews were murdered only because they were considered by the Nazis to be an inferior race.
Correct.
And in this country, there are 31 states in this country that their schools, they are not required in the schools to teach about the Holocaust.
So how are they to learn?
How do you teach world history and not talk about the last century, Mao in China, Stalin in Russia, fascism, Nazism, the Holocaust, the death camps?
How is it possible?
Pearl, I can't even believe you're telling me this.
Why did my father fight four years in the Pacific in World War II?
And why did America go fight with the Allies against this horrific evil regime?
Why did we do that then?
Exactly.
And God bless the American soldiers who liberated the concentration camps all over Europe.
You might remember Marty.
He slammed the beaches of Normandy.
He used to be a regular caller.
Miss him too.
Yes.
And there's so much anti-Semitism in the United States and all over Europe that we must learn to combat anti-Semitism by educating adults and young people.
I'll tell you what, but we're not doing it, Pearl.
And I'll tell you another thing.
We now see worldwide this rise of anti-Semitism.
That's not just radical Islamists.
And I'll tell you another thing.
People don't know Israel's history.
You know, people don't know that they don't know about the 1948 UN partition plan.
They don't know about the 67 war.
They don't know about what happened in 1973.
They don't know what life is like in border towns that I have visited myself where rockets are being fired almost every day from Gaza into these cities.
I remember when you went to Israel, you were the only person, journalist, or politician that went to Israel when they were throwing rockets and you went into the tunnels.
Yep.
And I know you're six feet tall, and you stood up and you put your arms out to show what the Arabs did with the money that was given to them by the United States countries.
It was the United States and Israel's money for schools and hospitals.
And instead, they took the money and they built these tunnels from Gaza so that they can sneak into Israel.
And there were so many of them and kill Israelis rather than help their own children and their own families.
It's sickening.
Yes, and people don't know.
That's, you know, the people that I know, my family, my friends, we know the history, but the others don't.
Well, that's why I do take the time to go.
That's why I went on a tour of the old city with Dory Gold.
That's why I've been friends with Bibi for 27 years for crying out loud.
Everyone knows that you're a great supporter and great friend to Israel and Jewish people.
Listen, on the whoopee side of it, the only thing I would say, and you know my heart, Pearl.
Yes.
She just, she didn't know what she was saying.
Do I think she has, you know, is she an anti-Semite?
No.
I think she didn't, she understood the evil part of it.
She didn't understand the underlying sick, twisted, ugly ideology of Nazism and a superior race, because that's what it was about.
And it was about extinguishing every single person, starting with Jewish people.
And over six million Jews were slaughtered in these death camps.
And they were gassed and they were killed and they were murdered.
And it was human evil on a degree.
I know people don't want to, we want to be happy in our spare time, but you need to educate yourself.
There are videos of people in these death camps.
Watch the history channel.
You can pull it up on demand and learn and watch the horror, emaciated people that were eventually slaughtered.
I mean, it's just.
Yes, people need to visit, you know, for example, like Whoopee as a start.
She needs to visit the Holocaust Museum in Washington, C. Washington.
She needs to listen to Holocaust survivors.
There are many tapes, many.
And unfortunately, we lost many survivors.
There are very few left.
And they were our living witnesses.
Your mother, your mom, who we love.
And they're dwindling.
There are no more survivors.
And also for me, there are no more soldiers.
Very few soldiers.
Pearl, we love you.
We think of your mom.
Thank you.
I'd like you to do that.
She would be proud of you.
Thank you.
And I just want to give your callers a message.
Ellie Weisel said: when you listen to a witness, you become a witness.
It's a great line.
It's a great line.
All right, Pearl, God bless you.
It's my pleasure.
My pleasure.
One day, we're going to see your mom in Paradise one day.
I'm pretty confident, okay?
Thank you.
Thank you, Sean.
My pleasure.
All right, 800-941.
Sean is our number.
You want to be a part of the program?
Quick break.
We'll come back.
We'll continue.
All right, back to our busy phones.
Robert, South Carolina.
What's up, Robert?
How are you, sir?
Hey, how are you doing, Sean?
I'm good.
What's going on?
I've been driving a truck for 25 years, and I've been listening to your show for a long time.
Thank you.
By the way, we're going to have truckers.
We're going to have the organizer of the Freedom Convoy here in America on, and we're going to have one of the organizers of the Canadian.
By the way, we have a lot of updates.
They're winning on a lot of fronts.
That's coming up at the top of the next hour.
Anyway, what's on your mind today?
That's really funny that you said that.
We just got a company-wide email that any owner-operator that works there that is leased onto the company that I work for, if they participate in any convoy as like what's going on in Canada, their lease will be terminated.
Well, if you need another company, it just so happens I have very close friends that have a trucking company and they'd love to have you on.
So if you ever want to, if you find yourself in a situation, you need to go with another company, I'll be glad to hook you up and hopefully it'll work out for you.
Oh, that sounds awesome.
I've been doing it 25 years, and the respect that we get out here is completely, it's ridiculous.
We don't get any none.
I hate that, but I think people, but your heart shouldn't be troubled.
Look at the support of the truckers in Canada.
The $10 million that, you know, GoFundMe, they can't unfreeze this.
To me, something fishy is going on.
But all the people, even though they know this is going to impact the products that are usually available in the stores they go to, that's not going to be so readily available, they're still supporting the truckers.
And if they hold out, they're winning already.
You know, I'll give the latest updates at the top of the hour, but Alberta, Saskatchewan are taking the lead.
They're saying, okay, we need our truckers back, and they're lifting the restrictions.
And, you know, you saw what the Supreme Court did here.
But I think people have hit a tipping point.
The cops are supporting them.
The military members are saying, if you send us in to go fight against the truckers, there's no way in hell we're doing it.
So Justin Trudeau is losing.
He's going to lose if they can hold out.
The way they're holding out are all the people that are supporting them financially.
And I think in the process, I think you're right.
I think there is an underappreciation of farmers, truckers, good teachers, packers, you know, all the nurses.
And, you know, all of you were the heroes of the pandemic, healthcare workers.
You guys went into, if you were not working during the pandemic in those early days, we would have starved to death.
Most people would have starved to death.
I'm like a little minor prepper, so I have like food for like eight months.
But in all seriousness, everything we have in every store we go to is because of you guys.
And I think there is a greater appreciation rising now.
Well, I really appreciate that.
And, you know, my whole family has been truck drivers.
But you know what scares me, though?
I believe if they had a convoy like that in America, I believe like Sleeky Joe would probably, I don't know, he'd probably declare martial law and send the military after him.
I think he would.
Well, the Ottawa police chief is threatening to use the military yesterday.
And by the way, there's not been any incident I've read of any violence whatsoever.
This is truly a peaceful protest, not like the lies we were told in the summer of 2020.
Well, it's mostly peaceful.
Don't ignore that huge, massive fire and all those rocks and bricks being thrown at cops.
It's mostly peaceful.
I mean, they just lied through their teeth.
We love you guys.
If we could ever help you, if you do this and they can you and you need some help, I know some people that would be interested in talking to you, okay?
That sounds great.
Thanks, y'all.
All right.
Thanks for what all of you truckers do every day.
We appreciate it more than you know.
800, and we should appreciate it more than they know.