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March 31, 2022 - Sean Hannity Show
36:14
Inflation Skyrocketing - March 31st, Hour 1

The new Green Deal and a lack of energy independence is sending inflation skyrocketing! The answer is to release nearly 32% of our energy reserves. Where is the leadership?! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

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We'll all be flying.
How then a jail under?
And if you want a little banging, come along.
Time is flying by.
But look at the havoc and look at the destruction that they've done to our country in such a short period of time.
Ukraine will never be a victory for Russia.
For God's sake, this man cannot remain.
Oh.
So let's give this peace project the focus and the commitment and the resources of a wartime effort.
Our marshal plan.
Freedom is back in style.
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America trapped behind enemy lines.
Day number two, twenty-nine.
29 day 242 since Joey promised not to abandon Americans.
Now they're all trapped behind enemy lines, screen card holders, even military family members, and of course, Afghan allies that we promised we'd help get them out.
Yeah, a lot of them are dead.
A lot of them are dead.
It is an unmitigated disaster.
And I am not a financial planner.
Just like I say, I'm not a doctor.
I'm not going to play doctor on radio or TV.
I'm not going to play a financial advisor on radio or TV either.
But everything that I see shows stagflation, recession, tough economic times ahead, and the impact is going to be real.
And it will reverberate.
Everybody's going to feel this.
And it should concern every single American in the sense that this for those of there are people listening to this program.
You don't remember the 70s.
You don't remember Jimmy Carter.
21.5% interest rates, double-digit unemployment, you know, through the roof.
I mean, really, really recession after recession, tough economic times.
And anyway, what the key, another key inflation gauge.
Yep, we're still at a 40-year high.
Gas prices, et cetera, et cetera.
Anyway, the inflation gauge that is closely monitored by the Fed, and remember they're predicting at Goldman Sachs maybe as many as 11 rate hikes in the next two years.
Three or four this year alone.
Uh, but if you look at the comparison, the inflation gauge now is is up dramatically and at a 40-year high.
And anyway, you you look at this, gas prices, everything is costing more, and it's it's impacting all of us.
Anyway, the commerce department put out was the largest year-over-year increase since 1982.
All right, so it's not good.
And it's gonna impact all of us.
Um, a lot of this is tied to this climate alarmist religious cult, new Green Deal socialist agenda that is now the Democratic Party.
A lot of it is tied to that, but there are other factors as well.
Uh, rightly, uh, Quinna Piock poll just outshows Americans, yeah.
Biden deserves the most blame for the soaring gas prices.
That is an accurate assessment.
The American people are smart.
Biden now, as a means of putting a band-aid over the high price of gasoline, he now wants to deplete our strategic petroleum reserves by a whopping 32%.
Those reserves were filled up by Donald Trump.
He inherited all of that when oil was uh were was at record low prices.
Anyway, it's supposed to be used strictly for national emergencies.
Biden now wants to deplete that reserve by 32% to deal with his own personal political emergency, which is the electoral bloodbath that he and his party are facing because of their idiotic policies.
And according to Reuters, the strategic uh reserve currently contains 568 million barrels of oil, which is what we had left after Biden released 50 million barrels back in November.
It's not going to have an impact on price.
If it does, it's so short term, it's it's just not gonna matter in the end.
Now, on top of all of this, one thing they never talk about is how the hell we suspend what the federal gas tax.
What was that gas tax?
I think it's 18.4 cents a gallon.
Why don't we start there?
Well, God forbid Democrats ever think about cutting taxes.
Uh, and who is most disproportionately impacted by this transitory that's not inflation uh that they talked about.
It was transitory, it's transitory.
We don't need to give COVID tests, they're not gonna be here very long here, meaning in one of Biden's cages for kids.
We're gonna we're gonna put them on an airplane, fly them in the dark at night, land them in an obscure airport, and then dispense them all over the country, disperse them all over the country, and then we'll let the states handle it from there.
Good luck.
Um Biden is threatening to target the oil industry with new fees, which is going to inevitably, you know, bounce back to you.
What do I always say?
Corporations, they don't pay taxes.
They're gonna raise the cost uh of their products, and they're gonna pass that cost onto the consumer.
And this will inevitably drive pump prices even higher.
This is how dumb Joe is, and this is how radical these new Green Deal socialists are, the climate alarmist cult, religious cult members, rather than open up, let's say Anwar, where we have these incredible reserves.
You know, we have rather than frack more to help our Western European allies, our NATO allies.
No, we're not going to do any of that.
We're gonna have a task force looking into how to uh wean themselves off of Russian oil and gas.
Okay, by the time the task force is finished with the obvious, which is to start drilling and fracking immediately.
Um, who knows how much territorial territory that that Putin might take.
Anyway, Biden wants Congress to impose fees on oil companies, fees for not using their permits and drilling on public land.
Again, we've gone over this in detail.
Just because you have the lease, and just because once you shut down auctions and exploration, as they did, once you shut down the Keystone XL pipeline as they did, once you close off Anwar like they did, they have drastically reduced the ability of our own energy companies to do their job, which is exploration and extraction of energy that we can bring into the open marketplace.
He has artificially reduced the world supply, and when you do simple economics, which is supply and demand crisscross and dictate the price of a product, he artificially reduced the supply.
The demand has remained constant or even increased, and as a result, that's why we're paying record high amounts for a gallon of gasoline.
Um, none of this is good.
Now, this is how bad it is at this point.
Bloomberg points out inflation alone means that the average U.S. household has to spend an extra $5,200 this year.
That's $433 a month, just compared to last year.
Things weren't great last year either.
For the same consumption basket, in other words, the same things you you buy year to year, according to Bloomberg economics.
The excess savings built up over the pandemic and increases in wages, it might cushion some of those costs, but there are now last week we told you almost 64% of Americans are living paycheck to paycheck.
There's another study out today.
I think 50% of American households are running out of money before they get their next paycheck.
It's that bad for American citizens.
But anyway, it's a 5200 inflation tax, a Biden inflation tax, and it's not Putin's fault because all of this was happening long before Putin invaded Ukraine.
Um Gary Friedman is a CEO of RH, formerly known as Restoration Hardware, went off a bit off script when asked about the current macroeconomic environment.
He made comparisons between today's economy, the Great Recession, and warned about the threat of rising inflation, and even referenced the scene involving the now defunct investment bank Bear Stearns in the subprime mortgage crisis in the movie The Big Short.
Bear Stearns moment, question mark, the most difficult time since the Great Recession, a canary in the coal mine for U.S. economic demand, runaway inflation, uh the shipping rate dilemma, oil prices, you name it.
And tapping the oil reserves is not going to solve this problem.
Uh if you look at food prices alone, meat, poultry, and and I'm speaking from my own experience as somebody that eats pretty much paleo.
I eat meat, and I eat eggs and I eat spinach and I eat onions.
I mean, there you go.
That's pretty much my diet.
I don't eat that crap that Linda eats that looks like that green vomit that's projectilely vomited out of Linda Blair's mouth and the exorcist.
I don't know how she gets it down.
But anyway, meat and poultry prices.
I'm so mean, right?
Uh are largely all that's all true.
And if we grind up your spinach, you'd be drinking.
Is it true or false?
That the green crap you drink every day, it looks exactly like this the projectile vomit green puke in the exorcist.
Is that true or false?
First of all, I'm still.
First of all, is it true or false?
I have definitely had things to drink that are that shade of green.
There's no question.
There's no question.
But when you grind up green vegetables, you get varieties of green.
Meat, poultry prices, which I can know because I go shopping every week myself, do my own little checkout.
I have my little routine.
I can get in and out of the grocery store, usually within 10 minutes, and get everything I need for the week.
I know where everything is.
I I like race through the aisles.
And I like to do it.
I have fun doing it.
Anyway, they're already up dramatically.
Now they're about to get higher.
Steak, forget it.
I mean, it's very, very expensive.
Well, that's also going to hurt ranchers.
We know farmers are getting killed with the cost of fertilizer more than tripling.
So we're going to pay higher costs for vegetables and fruits, et cetera, all that stuff.
Anyway, so a lot of this is substantially due to higher energy costs, feed costs, chicken breast reaching now a 70% year over year in the first half of 2022.
Pork and ground beef, which I like, you know, they they could climb as high as 20% year over year during the same period.
That's how bad this is.
That is that we are crushing the poor and the middle class in this country.
And everybody else is getting hurt, but you know, Democrats claim this monopoly on compassion for the poor.
They're full of crap.
I'm sorry, I said it wrong.
I said 50%.
It's one in five workers now are running out of money before payday, according to this survey.
I mean, that's more that's 20% of Americans.
That's not good.
And tapping the oil reserve to get it's dumb.
So anyway, one of Wall Street's favorite indicators of impending recession is flashing red.
There are, you know, it's like a five-alarm fire and sirens blaring everywhere.
The spread between the five-year, 30-year treasury yields briefly inverted on Monday for the first time since 2006, because of fear that the Federal Reserve's aggressive approach to tackling inflation Could lead to a substantial slowdown in all growth yield curve inversions, which are rare, are viewed as a good recession predictor because it suggests that investors believe with the interest rate on long-term bonds lower than the rate on short-term bonds.
That means the economy's slowing.
Every recession in the past 60 years was preceded by an inverted yield curve, according to research from the Federal Reserve Bank of San Francisco.
And markets are fixated on the Treasury.
Uh, but you look at this indicator and it tells you everything you need to know.
Steve Forbes, gotta give him credit, he's right.
He he literally urged Biden to just get out of the way.
Just get out of the way.
Let the free market correct itself.
Stop making everything worse.
So anyway, it's and if they didn't wage war on fossil fuels, we wouldn't have a 40-year record in inflation.
But if they don't listen to the likes of Sean Hannity, and they'll never admit that they're wrong and go back to the Trump policies that gave us the lowest prices in forever and made us energy independent for the first time in 75 years.
All right, Dr. Ross, Mike Pence coming on the program today.
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Music.
Sleepy Joe just signed more executive actions in one week than most presidents did in their entire term.
So much for a democracy.
Looks like Joe is the new dictator.
Panity's on right now.
*outro music*
We uh roll along 800 941 Sean if you want to be a part of the program.
Well, I doubt the media is even going to cover this.
Hillary Clinton, member 2016 presidential campaign, member she Democratic National Committee.
You know, they paid all this, they paid 113 grand to settle an FEC investigation into whether they violated campaign finance laws by misreporting spending on research that eventually became the dirty Russian disinformation Christopher Steel dossier.
Now that's according to documents uh sent Tuesday to the Coolidge Reagan Foundation, which had filed an administrative complaint in 2018 accusing the Democrats of misreporting payments made to a law firm, Perkins Cooy, during the 2016 campaign to obscure the spending.
The Clinton campaign hired Perkins Cuey, and then they hired Fusion GPS, a research intelligence op research firm to conduct op research on Donald Trump and his ties to Russia that never existed.
The only one that had ties to Russia in 2016 was Hillary Clinton that paid for the Russian disinformation dossier.
Are we ever gonna get a Durham report?
Ever?
Because it doesn't look like it.
This is the saddest thing I ever have to tell you.
That we do not have, you know, Mark Levin would say it in one of his books, I forget which one.
This is a post-constitutional America.
He's right.
He's a constitutional expert.
He's correct.
That's why his books are phenomenally Successful.
And we now do not in this country have equal justice under the law.
That is a fact.
If you're a Democrat, liberal Clinton, if you're uh Obama, if you're a Biden, you get away with everything.
Your name's Trump, forget it.
We don't do equal application, equal justice under the law.
We have a two-tiered justice system.
One for the powerful left elite, and then one for the rest of us.
And then Donald Trump has his own separate, you know, go after him for spitting on the sidewalk and jaywalking.
you know, justice system.
Music.
Holding them accountable.
Sean gets the answers.
No one else does.
America deserves to know the truth about Congress.
All right, 25 to the top of the hour.
I love Delinda.
I don't know if I don't know if you saw this.
Maxime Waters, Joe Biden's president.
Maxime Waters no longer urging supporters to hunt down White House officials in the street, get in their faces in the stores and restaurants, well, etc.
etc.
But she had words of wisdom the other day while lecturing a group of homeless people, frustrated over the predicament that they're in.
She urged them to quote, go home.
Wait, can you say I'm sorry?
Can you say that one more time?
She she urged the homeless people to go home.
You can't make this shift up.
This Adam shift on my time.
I can reclaim it.
Oh, here we go.
Reclaiming my time.
Do you remember that?
Claiming my time.
Reclaim it my time.
Claiming my time.
Okay.
Reclaiming it.
Matter of fact, the secretary, they're going to be able to do it.
Chase them down.
Get in their faces.
Go follow the store.
Oh my God.
Anyway.
She warned a journalist not to report the story regarding an event she attended near this homeless encampment in Los Angeles where tensions boiled over.
I guess there was some confusion over Section 8 housing vouchers.
And the new New York Post reports, Waters was present at a chaotic event.
Hundreds of homeless people showed up because of inaccurate social media reporting.
Just a question if you're homeless, does every homeless person have a phone?
Do we still give out Obama phones?
Well, you saw that you saw that report, didn't you?
In uh in California, they were saying that these homeless guys were like, well, this is awesome.
He's like, Skid Row is like the new place to be.
It's like it's like the Beverly Hiltonies.
Like I get my crack, I get my pipe, they come and they give me alcohol swabs, and then they give me a phone, prepaid.
They said, Well, it's mostly alcohol swabs.
Okay.
Oh my god.
Anyway, at one point when it was clear that staff at the event were being overwhelmed, Waters says to the crowd, I want everybody to go home.
She said it.
He said it to homeless people.
I'm elected official that are homeless.
I feel bad for people that are homeless.
You know, I I actually think that I'm a had so many people over the years, and they're all over New York, that ask for money.
Panhandling is called.
And I usually look the person over and I try to make a determination if they're sober, if they're on drugs.
You can't always tell.
Some people hide it well.
And I'll ask them.
I said, if I give you money, what are you gonna use it for?
And I I'm I'm hungry, I need to get something to eat.
Okay.
You're not gonna, and I'll say to him, you're not gonna use this for to buy booze or drugs, right?
Swear, they'll promise every time.
Never has anyone said, Yeah, I'm gonna buy drugs.
And if they seem sober to me, I always give people the money.
Because I think I just I just I feel for people.
I just this it's can you imagine in the middle of winter in a uh Adam ship hole like New York, and it's freezing cold out.
I mean, they don't want to go to the shelters because they're not safe, the shelters.
It's awful.
But anyway, I'm like, well, how do you tell homeless people to go home?
Uh we've got no home.
That's why we're here, one member of the crowd shot back.
Uh, what home are we gonna go to?
Waters then gets frustrated and said, excuse me, there's nobody in Washington who works for their people any effing harder than I do.
I don't want to hear this.
No, no, no.
What is she talking about?
She doesn't know what she's talking about.
That whole idea of know your audience.
I mean, it is a captive audience.
They got nowhere to go.
So I figured, you know, she goes there, they can't leave.
She can practice talking.
You know, it all works out.
The last 24 hours, new poll, MBC low for Biden.
New inflation numbers, 40-year high again.
So much for transitory inflation.
Uh now releasing gas reserves to put a band-aid over the disastrous energy policies Joe caused with his new Green Deal ism.
Mortgage rates hit a four-year high.
What have I been saying about American financing.
Now, if Goldman Sachs is right, and this is a four-year high for interest rates, Goldman Sachs is right in what they're predicting 11, potentially 11 Federal Reserve interest rate hikes in two years, three to four this year.
You haven't refinanced.
I'm telling you, friends of mine just got a new home in Chicago, and they got a great rate.
Do it now.
It's higher than it was last three weeks ago, but I'd still lock in now.
Anyway, Democrats, you know, they're leaving in droves because they see a massacre coming in the midterms.
Europe is about to have their energy, natural gas cutoff from a war that started on Joe's watch.
Oh, and by the way, COVID, Omicron 2.0, it's here.
Now, if it's anything like the pattern in Europe and the past patterns, Omicron 2.0, you're gonna see massive numbers in the next few weeks.
And it did seem to dissipate more quickly this time in Europe, which means it if it might be a shorter duration, but there are people dying from Omicron.
Don't let anybody fool you about that.
Oh, and did you hear Kamala Harris's remarks?
I'm gonna read it verbatim.
Now, that means I'm not adding or subtracting anything.
So just don't blame me for this.
We also recognize, now she was let me give you some background on it.
She hosted the Jamaican prime minister at the White House.
And anyway, it's part of you know the U.S.'s efforts to reach out to other nations and the in the Caribbean, etc.
etc.
Anyway, so he's now the second Caribbean leader to visit Kamala Harris.
This is her full quote.
True to form.
Now, I'm reading verbatim, don't blame me.
We also recognize, just as it has been in the United States for Jamaica, one of the issues that has been presented as an issue that has been economic in the way of its impact has been the pandemic.
Period.
So to that end, we are announcing today also that we will assist Jamaica in COVID recovery by assisting in terms of the recovery efforts in Jamaica that have been essential to, I believe, what is necessary to strengthen not only the issue of public health, but of the economy.
Okay.
Did you get that?
You hear that?
All right.
Now people want cognitive tests for Nancy and Joe.
I want to put Kamala on the list.
If I have any say.
You know, you guys will see in Ukraine yourselves, Tor Soldiers.
Not been a good week.
Uh Russian President Vladimir Putin now hinting that a nuclear response is possible if NATO directly intervenes in Ukraine or threatens Russia itself.
Anyway, Biden, his misstatements couldn't have come at a worse moment.
We all know that.
We've gone through it now for a number of days, and it just apparently had a bad day again today.
We'll have that for you on TV tonight.
Um, ad libbing the remarks to American servicemen in Poland.
You'll see for yourself.
And then, of course, we'll respond in kind if Russia uses chemical weapons, and then uh calling basically for regime change in Russia.
Uh then that gets cleaned up, and then he did it again.
You You can't make this, you can't make any of this stuff up.
He has not been straight with you, the American people from the get-go.
You know, he claimed, for example, on deficit reduction.
This year, we're on track.
Where did I see this article?
It was in roll call.
Um, we are on track uh to cut the deficit by more than one trillion three hundred billion dollars.
One trillion three hundred billion dollars.
That would be the largest one-year reduction in the deficit in history.
What he doesn't say is that much of the spending reduction actually reflected the scheduled sunset of the one-time emergency pandemic expenditure expenditures, not a determined effort to cut spending.
As a matter of fact, it's just the opposite.
Then he claimed about the fiscal mess compared to 2020, we're reducing the size of the deficit relative to our economy by almost two-thirds, reducing inflationary pressures and making real headway cleaning up the fiscal mess I inherited.
Um Biden, uh, you can't have it both ways.
On the one hand, they write and roll call in his prepared remarks Monday.
The president admitted that early in the pandemic, it was right to give people the help to make ends meet and keep their economy going.
It was his policies.
So he doesn't know what the hell he's.
I could just go on.
Just it's one lie after another.
All of the problems we're facing are solvable.
All of them were also preventable.
You solve them by going back to the Trump policies.
You caused them by going away from the Trump policies.
I don't care if it's the border.
How do you run out of COVID tests?
You stop warp speed.
How do you run out of monoclonal antibodies?
You stop Operation Warp Speed.
He screwed that up.
Look at the price of energy, screwed that up, screwed the economy up.
40-year high of inflation, record high prices for gasoline because of his his adherence to climate alarmism religion, this religious cult of his and new green dealism.
Our friend Kerry Pickett over the Washington Times.
Top grant Democrats insist Hunter's laptop is Russian disinformation still.
They're still saying it.
Stenny Oyer, I think it's as bogus as it was before.
Doesn't matter what the truth is.
And she goes through a list of Democrats that just won't believe the truth.
Um House Republicans, they're demanding Hunter Biden, the White House released communications records with Hunter.
By the way, they need to release the visitor logs in Delaware where he spends 25% of his time.
Who's seeing him?
Any medical professionals?
I had a source tell me that in the beginning of the Biden administration, Hunter was almost living in the White House for a while.
I don't know.
I only have one source that said that, but pretty reliable source.
Anyway, Republican members demand that they release these communications with Hunter Biden, which I think they should.
House Republicans have launched a new probe into big tech platform, big tech's laptop from hell cover up.
That was on just the news.com.
That's John Solomon's site.
Uh Chinese banking records show Hunter Biden was paid by companies with links to the Chinese intelligence.
That's right, the communist Chinese intelligence.
This is in BizPack Review, and we had Chuck Rassley confirm this, and Senator Ron Johnson confirmed this on TV last night.
Our investigation has exposed extensive financial relationship between Hunter and James Biden and Chinese nationals connected to the communist regime.
More precisely, these were Chinese nationals connected to the Chinese government, military and intelligence services under Biden.
James Biden served as the perfect vehicle by which the communist Chinese government could gain inroads here in the U.S. through the CEFC, China Energy and its affiliates.
Between that and the uranium one dealer, Hillary, I mean they are compromising our security.
I guarantee you, I I it's a hundred percent certain that they have dossiers on Hunter, Joey, his brother, everybody part of the family syndicate.
Fake news CNN uh claiming there's no evidence tying Joe Biden to Hunter's corrupt business deals.
Um Excuse me, you couldn't be any more wrong.
What about the big guy?
What about the complaints?
I have to pay my dad's bills.
Putting aside 10% for the big guy.
Who does the big guy?
Just like Joe Biden lied.
We showed pictures last night.
He said I'd never had any discussions with my son Hunter on his foreign business dealings over and over again.
But we have pictures of him with Hunter and Hunter's foreign business partners.
Does that count?
The only reason they're mentioning this is because the dam is about to burst.
And it's gonna, it is, it is going to be egg all over their face.
It was funny that when when Congressman Matt Gates handed Jerry Nadler the hard drive of Hunter's laptop.
He didn't want to accept it at first.
Now, if with the Hunter laptop pretty much now corroborated, even the mainstream media has to get on board because they know that Adam Schiff's about to hit the fan.
Anyway, Hunter Biden's laptop story raises concerns if Joe Biden was compromised.
In other words, what are the what is the communist Chinese?
What does China have on Hunter?
Joe Biden and the Biden family syndicate.
What does Russia have on them?
What is Ukraine have on them?
What is Kazakhstan have on them?
Libya, we discovered had a full dossier on Zero Experience Hunter.
That's Libya.
Let me tell you, Russia, China, Ukraine.
What do they have on Joe?
Because I guarantee you it's extensive.
And Donald Trump is, you know, he does what he does.
He takes up more space and more people's heads than any human being on earth.
Maybe Vladimir should release the information he has on these guys.
Oh, he's supporting Putin.
Interesting.
Vladimir Putin didn't invade Ukraine when Donald Trump was president.
You have uh fake news NBC, MSDNC, Andrea Mitchell says Hunter Biden saga has a lot of smoke.
Well calls it all Trump conspiracy theories.
She would know all about it because her network is full of them for three years about their lies over Trump Russia collusion.
CNN saying Giuliani tried to generate media attention with the laptop of Hunter in 2020.
They spiked the story.
And what about all these intelligence officers?
51 of them.
What about all these guys with no knowledge whatsoever?
We looks like Russian misinformation to us.
They just lied to help Joe get out of trouble two weeks before an election.
And if it was Donald Trump, you know they would have gone in the other direction.
You know, Biden revealing, let's see, secret training mission for Ukrainian troops.
My guess is that's probably happening.
But we shouldn't know about it.
That's called the covert operation with plausible deniability, but Joey can't keep his mouth shut.
You guys will see in Ukraine yourself.
Well's responding kind with chemical weapons.
Good grief.
I call for regime change.
No, I don't.
I call for it again.
All right, I don't like to make I'm not I have no taste.
I dress like a slob, usually, unless other people, you know, recommend something to wear.
But anyway, I wear jeans, sweatpants, t-shirts, baseball caps, caps, usually police, fire department hats.
Anyway, uh, so I'm not the person to ask.
I'm not good at making decisions.
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All right, when we come back, Dr. Roz, former Vice President Mike Pence and your calls, 800 941 Sean, our number.
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