Sean reviews the simple laws of supply and demand that have ruled human society for thousands of years.. it's simple economics and yet it seems so foreign to the Biden Administration.See omnystudio.com/listener for privacy information.
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| This is an iHeart Podcast. | |
| You want smart political talk without the meltdowns? | |
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| I'm Carol Markovich. | |
| And I'm Mary Catherine Hamm. | |
| We've been around the block in media and we're doing things differently. | |
| Normally is about real conversations. | |
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| We'll keep you informed and entertained without ruining your day. | |
| Join us every Tuesday and Thursday normally on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. | |
| I'm Ben Ferguson. | |
| And I'm Ted Cruz. | |
| Three times a week we do our podcast, Verdict with Ted Cruz. | |
| Nationwide, we have millions of listeners. | |
| Every Monday, Wednesday, and Friday, we break down the news and bring you behind the scenes inside the White House, inside the Senate, inside the United States Supreme Court. | |
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| Well, we're coming to your city. | |
| Gonna play our guitars and sing you a country sound. | |
| We'll all be flying higher than a jetliner. | |
| I need you And if you want a little banging, come along. | |
| One's actually still on the table, though, to bring gas prices down at this point because the president has said and made very clear that there's not much left that he can do. | |
| The reality is that there isn't very much more to be done. | |
| But we also know that the price of gasoline is not set by a dial in the Oval Office. | |
| It's great political theater to point and just say, oh, prices are up. | |
| And my reaction is duh. | |
| They're up for everybody. | |
| Freedom is back in style. | |
| Welcome to the revolution. | |
| Yeah, we're coming. | |
| to your city Gonna play our guitars and sing you a country song Sean Hannity. | |
| New Sean Hannity Show. | |
| More behind the scenes information on breaking news and more bold inspired solutions for America. | |
| This is a special edition of the Sean Hannity Show. | |
| America trapped behind enemy lines. | |
| Day number two, 97. | |
| Almost day 300, Joey abandoning Americans behind enemy lines in the Islamic Emirates of Afghanistan. | |
| Day 310, since Joey promised that he was not going to do that, but that's neither here nor there. | |
| Something I'm beginning to glean. | |
| We let me backtrack. | |
| We have the greatest audience on radio. | |
| We have all these people in all these different fields that that are giving us anecdotal information about the state of our economy. | |
| Beyond the obvious, again, gas prices now are up another seven cents a gallon today from yesterday. | |
| Yesterday's high. | |
| And what I'm beginning to see is that Jamie Diamond, who said to expect an economic hurricane, is probably more right than I I wanted to give credence to in the beginning. | |
| He's a lot of things. | |
| I don't know what his politics are. | |
| I think they're probably left to center. | |
| But he's not dumb. | |
| These people on Wall Street are a lot of things. | |
| They're usually not my friends. | |
| I'm not friends with a lot of guys on Wall Street. | |
| And but you know what? | |
| A lot of them are pretty smart. | |
| They're pretty smart people. | |
| They went through, you know, they're well educated, went to all these, you know, Harvard business and Wharton School of Finance and all these, you know, prestigious uh institutions of education. | |
| They're not dumb people. | |
| And they're all pretty much predicting the same thing. | |
| Really rough, protracted economic times. | |
| Now, why does that matter for all of you? | |
| Because it's already impacting all of you that listen to this show. | |
| And what I'm saying is we better, we better dig in our heels and expect, you know, they talk about with the recession a soft landing. | |
| And that's when, you know, they try and cool down the economy by raising interest rates, Which the Fed is now currently doing too little, too late, they spend too much money. | |
| Joe caused a lot of it, artificially reducing the world supply of energy. | |
| That didn't help in any way, shape, manner, or form. | |
| We're paying nearly $5 a gallon nationally for a gallon of gasoline. | |
| Diesel costs more. | |
| It costs more to ship everything to every store that we we go to, we make purchases from. | |
| Everything is going sky high and through the roof. | |
| And they talk about, well, a recession with a soft landing is if you can mitigate a lot of the negative impact of the recession by just finding the right sweet spot between raising interest rates, cooling down the economy, and not having this be a long protracted recession, the like we had in the Jimmy Carter years, which apparently Joe Biden is very, very angry that he's being compared to Jimmy Carter. | |
| I would take it a step further. | |
| I would say he's worse than Jimmy Carter. | |
| And things may ultimately get worse than Jimmy Carter. | |
| But anecdotally, as I listen to all the truckers, our great American truckers work so hard, the shelves in our stores would be completely empty without these guys. | |
| It's not an easy life. | |
| It's not an easy job. | |
| You think of the farmers that are out there in the hot sun, they're struggling, they can't afford the price of fertilizer. | |
| All these anecdotal stories, they can't afford to even buy the seeds to lay down their crop this year. | |
| They're having trouble getting their equipment fixed because of supply chain issues. | |
| I mean, it's it's like uh a snowball rolling down a large mountain, almost like a vertical mountain. | |
| And it's getting worse and worse and worse. | |
| And as I listen to them, I'm foreseeing that these problems are gonna get worse and worse. | |
| The best thing that I can tell all of you in this audience is take all of their admonitions, all of their anecdotal information, and take it seriously, because if you don't take it seriously, uh you're not going to be prepared for it. | |
| Now, that really means for everybody that listens to the show, like I don't play doctor, I'm not going to play financial advisor. | |
| Although, Linda, you can attest to the fact that a long time now I've been saying that I've limited my exposure to the stock market because I don't trust the stock market. | |
| And do I have money in the stock market through what? | |
| An IRA, a retirement fund, whatever. | |
| Yeah, it's it's not really money that I pay that much attention to, but because I don't have access to it for years anyway. | |
| But it's there, and like everybody else, it's taking a hit. | |
| I'm not even, I don't even want to annoy myself because I'll get pissed off. | |
| I get pissed off filling up my gas tank. | |
| I don't want to be in a pissed-off mood all day. | |
| I go shopping for my meat because I'm on a paleo diet, and and the price of meat is pissing me off every week because it's so high. | |
| And I'm not mad at the people that I'm mad at the government. | |
| This is all this was all preventable. | |
| All of it. | |
| We don't need to be suffering here like this. | |
| This is a government induced recession that we're heading into. | |
| These are these gas prices are government induced. | |
| When you artificially reduce the world supply of energy and the demand remains constant, you don't have to go to Wharton. | |
| You don't have to go to Harvard Business School. | |
| Maybe if you took a simple economics class in high school, you would know that supply and demand crisscross, and that dictates the price. | |
| You reduce the supply, demand remains constant, you're paying more. | |
| If the demand increases, you're paying even more. | |
| And that's what the position that this climate alarmist religious cult is now put the country in. | |
| Even fake news CNN is sounding the alarm over energy inflation. | |
| And they're pointing out that they think that they we reach $5 a gallon of gasoline on average between this weekend and Father's Day weekend. | |
| That means the average price right now today, the average price for a gallon of gasoline is $4.92 today. | |
| Yesterday it was $4.86. | |
| When Joe Biden first became president on his first day, it was $2.39. | |
| Do the math. | |
| You're feeling it every day. | |
| That's why this ridiculous notion that Democrats think they can mitigate damage in the midterms by talking about abortion and talking about guns and doing their their Hollywood produced presentation on January 6th. | |
| Uh And then of course the old playbook, Republicans are racist, sexist, homophobic and xenophobic, blah, blah, blah. | |
| Every single day, every American is faced with the high cost of everything that is caused by their climate alarmism. | |
| This is a cult to them. | |
| Rather than go back to the policies that we know worked, policies that would make us energy independent, policies that would make us a net exporter of energy, policies that are taxpayer-friendly, lifting the burdensome regulation instead of demonizing energy companies. | |
| Why don't we free them up? | |
| Why don't we operation warp speed the production of oil, gas, and coal and drive down the price of gasoline and the price of energy, which would also go a long way to mitigating the 42-year high we now have with inflation. | |
| Now that would be the obvious answer. | |
| But now we have to deprogram an entire uh political party in this country that adheres to climate alarmist cultism. | |
| They choose to believe their phony science. | |
| That the earth is going to end in 12 years, Ocasio-Cortez says. | |
| I remember saying at the time, we only got 12 years. | |
| Well, hell with it. | |
| Let's throw one big party for 12 years and we'll all go out with a smile on our face if it's all over. | |
| Anyway, so we expect $5, we're now at $4.92 a gallon. | |
| Yeah, but and then, you know, that you extrapolate that out. | |
| Then the cost of diesel is going through the roof. | |
| That means everything that's delivered to every store you go to is costing more. | |
| End of sentence. | |
| Uh we have, you know, more states hitting $5 a gallon averages than we've ever had in history. | |
| We have a billionaire oil refiner warning Biden to open up the spigots or things are going to get worse. | |
| I mean, that's all gonna happen. | |
| All of this now, gas prices, the all of these problems we're facing were preventable. | |
| All of them are fixable, but you can't fix it overnight. | |
| You can't mobilize the energy and gas industry that quickly, but you could do it expeditiously. | |
| We can lower the price dramatically in a year. | |
| We can finish the Keystone XL pipeline, get 900,000 barrels of oil from Canada a day if we just would do that one thing right there. | |
| You know, these gas prices are insane. | |
| Now, soaring grocery prices in part as a result of the economic and energy policies of Biden. | |
| You know, Americans now are changing their shopping habits because of soaring food prices and disruptions in the farming community. | |
| I'm telling you, pay attention to these farmers. | |
| They're telling us something here. | |
| They're telling us they can't do their job. | |
| They're telling us they can't afford to do what they do every year. | |
| Our farmers not only feed all of us, but they also feed half the world. | |
| And if our farmers stop dropping off one at a time because we're we're they're bankrupting them with these policies, you better watch out because if you think your shelves are empty now, wait till that day comes, which may be sooner than later. | |
| Anyway, the food at home index went up 10.8% over the last 12 months. | |
| That is the largest 12-month increase since the period ending November of 1980. | |
| That's Jimmy Carter's economic failures, according to the Bureau of Labor statistics. | |
| The index for meat, poultry, fish, eggs increased 14.3%. | |
| That's the largest increase since the period ending May of 1979. | |
| The other major grocery store food uh group index also rose over the past year. | |
| Fruits and vegetables, you name it, it's all costing more. | |
| Oh, and get this. | |
| We have now reports out that the U.S. electric grid is continuing to be a major point of worry and concern. | |
| There's a study that has just come out warning that two-thirds of the U.S. is at risk for electricity blackouts or brownouts this summer. | |
| The North American Electric Reliability Corporation put out its most recent reliability assessment for the summer, and it turns out that more states are at risk of rolling blackouts than was previously thought, and they found that the Midwest and the South are at high risk for blackouts this summer. | |
| Oh, the grapefier air conditioning. | |
| And by the way, that would include areas in the West, including Texas, are at an elevated risk. | |
| Rolling blackout is a blackout done intentionally, so the grid isn't harmed in the long run. | |
| That happens when you don't have enough power being created to meet the high demand. | |
| And by the way, all these conditions put in place by Joe Biden and the climate alarmist religious cult. | |
| They choose their cult and their ideology over what's best for you, the American people. | |
| The White House, by the way, they are now taking steps to spur the solar industry. | |
| We don't need solar right now. | |
| We don't need wind farms right now. | |
| We need gas. | |
| We need oil. | |
| We need coal. | |
| We need uh all of these, the lifeblood of the world's economy. | |
| You know, look by the way, you go out to eat. | |
| Have you noticed the portions are smaller? | |
| I have. | |
| Have you noticed that the prices are higher? | |
| I have. | |
| And I'm and I mostly cook all my own meals. | |
| But restaurants now, they're trying to get creative. | |
| They're now charging new fees. | |
| You may not notice until you look at the bill. | |
| They're now charging what they call the fuel surcharge for high gas prices, a non-cash adjustment for using credit instead of cash, uh, a kitchen appreciation fee, and just a plain old temporary fee. | |
| You know, they used to have this place in New York City. | |
| It's called uh one dollar pizza. | |
| It's actually cool. | |
| Uh, you know, and the pizza's pretty good. | |
| Buck, you go in, you grab your slice, grab two slices, and boom, you're out the door. | |
| Uh, what is it now? | |
| Buck fifty? | |
| I I don't think it's called one dollar pizza. | |
| I thought it was two brothers, and it was a dollar. | |
| There's a place called a dollar slice, not any longer. | |
| It's called a dollar? | |
| Just like the dollar store is no longer the dollar store. | |
| No, it's a dollar ninety nine. | |
| I know. | |
| They can't afford it. | |
| It's not their fault. | |
| I mean, uh otherwise, they shut their option, is either they raise prices or shut their doors. | |
| Farmers either get paid what they you know, at least what they're putting into their products or their cattle or their hay or their fruits and vegetables, or they go out of business. | |
| They have no choice here. | |
| Sean, look across the street. | |
| Look at the building across the street. | |
| Well, it's empty. | |
| Every single floor is empty. | |
| Yeah, I like it. | |
| Every single one. | |
| No one's staring at me. | |
| I don't like that. | |
| All right. | |
| If you're looking for more space at home, maybe less space. | |
| Maybe you want an investment property. | |
| Anyway, I I've always liked Bricks and Morton myself, but I don't give a financial advice. | |
| Anyway the case. | |
| Hey there. | |
| I'm Mary Catherine Hamm. | |
| And I'm Carol Markowitz. | |
| We've been in political media for a long time. | |
| Long enough to know that it's gotten, well, a little insane. | |
| That's why we started normally a podcast for people who are over the hysteria and just want clarity. | |
| We talk about the issues that actually matter to the country without panic, without yelling, and with a healthy dose of humor. | |
| We don't take ourselves too seriously, but we do take the truth seriously. | |
| So if you're into common sense, sanity, and some occasional SAS. | |
| You're our kind of people. | |
| Catch new episodes of Normally every Tuesday and Thursday on the iHeartRadio app, Apple Podcasts, or wherever you listen. | |
| I'm Ben Ferguson. | |
| And I'm Ted Cruz. | |
| Three times a week we do our podcast, Verdict with Ted Cruz. | |
| Nationwide, we have millions of listeners. | |
| Every Monday, Wednesday, and Friday, we break down the news and bring you behind the scenes inside the White House, inside the Senate, inside the United States Supreme Court. | |
| And we cover the stories that you're not getting anywhere else. | |
| We arm you with the facts to be able to know and advocate for the truth with your friends and family. | |
| So Delaware, verdict with Ted Cruz now, wherever you get your podcasts. | |
| I mean, it's really scary when farmers can't farm. | |
| They can't afford fertilizer. | |
| Uh they can't get the hay that they need. | |
| They can't plant the crops, seeds are too expensive. | |
| Truckers now, you know, they're paying double what they were paying 18 months ago for diesel fuel. | |
| Uh all of that gets passed on to you, the consumer. | |
| Uh we're now paying five dollars a gallon for gasoline, which I never thought I'd see in my lifetime. | |
| Donald Trump did predict it, however. | |
| Uh inflation at a 42-year high. | |
| Now now we're being warned that rolling blackouts are to be expected this summer. | |
| Uh the White House, their answers, well, they want to take steps to help the solar industry. | |
| How about we use uh oil, gas, and coal, the stuff we know that we need now, immediately. | |
| Restaurants, new fees to counterinflation. | |
| Labor unions are livid at Biden for wanting to lift Chinese uh tariffs that that Trump put in place. | |
| Uh the New York Times reporting the job market's about to take a turn for the worse on top of everything else. | |
| Uh recession fears now lead big tech companies to pause hiring and and cut jobs. | |
| Uh, on top of all of that, we you know, we have a supply chain crisis that's not going away anytime soon. | |
| And that means the, you know, important semiconductors and all the spare parts that we need for all our car and automotive uh automotive manufacturers, that's going away. | |
| The Biden baby formula crisis is getting worse because Democrats are too fixated on on going back to January 6th with their Hollywood orchestrated big show that they're gonna have. | |
| By the way, um, we have uh people that are gonna blow that out of the water. | |
| Turns out five people in the room all confirm that Donald Trump, in fact, authorized as required by law up to 20,000 troops on January 6th. | |
| So, how do you make the case that he wanted that to happen? | |
| Many of you will peacefully, patriotically march to the Capitol so your voices will be heard. | |
| I'm sure that won't be presented on Thursday. | |
| You want smart political talk without the meltdowns? | |
| We got you. | |
| We've been around the block in media and we're doing things differently. | |
| Normally is about real conversations, thoughtful, try to be funny, grounded, and no panic. | |
| We'll keep you informed and entertained without ruining your day. | |
| Join us every Tuesday and Thursday normally on the iHeartRadio app Apple Podcasts or wherever you get your podcasts. | |
| I'm Ben Ferguson. | |
| And I'm Ted Cruz. | |
| Three times a week, we do our podcast, Verdict with Ted Cruz. | |
| Nationwide, we have millions of listeners. | |
| Every Monday, Wednesday, and Friday, we break down the news and bring you behind the scenes inside the White House, inside the Senate, inside the United States Supreme Court. | |
| And we cover the stories that you're not getting anywhere else. | |
| We arm you with the facts to be able to know and advocate for the truth with your friends and family. | |
| So Delaware, verdict with Ted Cruz now, wherever you get your podcasts. |