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June 18, 2022 - Sean Hannity Show
35:59
DC Swamp Lies Continue - June 17th, Hour 1

The Biden Administration continues the lies that inflation is "a global challenge" caused by "the pandemic and the war in Ukraine."  The US has THE worst inflation of all major countries.... so why do the lies continue?See omnystudio.com/listener for privacy information.

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And as President of the United States, I've interviewed.
And he has trouble sometimes connecting, and his answers sometimes don't make sense.
My sympathies to your the family of your CFO who dropped dead very unexpectedly.
Is there any kind of promise beforehand that the Saudis will increase production?
No, no, there's no promise beforehand.
He's no, there's not.
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America Trapped Behind Enemy Lines.
Day number 307.
All right, day 307.
Can you believe it?
Day 320, since Joey promised he wouldn't abandon our fellow Americans and our Afghan allies and people with American green cards and billions in equipment and the Islamic Emirates of Afghanistan.
Oh, he did it all.
He did it all.
And he's turned the page and never mentions it.
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Happy Friday, toll-free, 800-941 Sean.
If you want to be a part of this extravaganza, I will say this.
Joe really has, he's a wordsmith.
There's no other way to put it.
He starts a speech with the White House at the White House with the words of condolence for a family whose executive vice president, he actually has a name, Matt Seuss, I think how you pronounce it, and chief financial officer of Joanne Stores.
And he was very, very, very kind to the family.
This is what he said.
And by the way, my sympathies to the family of your CFO, who dropped dead very unexpectedly.
My best to their family.
It's tough stuff.
Tough stuff.
Dropped dead very unexpectedly.
Well, he's got a heart of gold.
I don't remember the name.
The CFO guy.
How many times does he do this with cabinet members?
Oh, but he's not a cognitive mess.
Oh, Hannity, you're way out there.
You're really on the edge saying that.
Then he, he was, there were some questions about zero experience, Hunter.
He didn't want to answer those yesterday either.
Yelena Baterina, who did business with your son.
Oh, can't answer the questions there.
So anyway, so while the, of course, DC swamps, sewer, whatever you want to call it, I got to give props to our very own Peter Doocy at the Fox News Channel.
I mean, he's been crushing it.
First, it was circle back, Jensaki.
He asked a simple question.
Why is the president saying that inflation is worse everywhere but here?
And then he actually named the countries like Germany, France, Japan, Canada, India, Italy, Saudi Arabia.
All these countries, our inflation is far worse.
And she's just simply lying.
The new press secretary, Corrine Jean-Pierre, has no answer for it.
Listen to this.
Why is the president saying that inflation is worse everywhere but here?
Because what we have seen across the globe, first of all, inflation is a global challenge, as we have said.
It is caused by clearly the pandemic, this once-in-a-generation pandemic that we are coming out of.
And also, most recently, the war that Putin started in Ukraine.
I did get policy, though.
He says that inflation is worse everywhere but here.
That's not true.
The U.S. has worse inflation than Germany, France, Japan, Canada, India, Italy, Saudi Arabia.
So why is he saying that?
I think what we are saying is that when you talk about inflation, it is a global thing.
And it is not just about the United States.
This is something that everyone is feeling.
Everybody's feeling.
Okay, it's not just the United States.
Oh, so that makes it okay?
His failure worse than everybody else's?
Give me a break.
Then Peter Doocy, to his credit, moves on to the issue that is in the forefront of every American's mind.
And I'll tell you, if everybody's like me, every time I fill up my gas tank, I get pissed.
And I see all those, I cause these pictures of Joe Biden everywhere.
One guy got caught and got in a lot of trouble, apparently, for it.
Every time I see it, it's the one thing that does make me laugh.
The price of gas isn't making me laugh at all.
And, you know, he gets to the point.
Why aren't we drilling here in the U.S.?
And the answer, like John Kerry said earlier in the, oh, we don't need to do that.
Like the energy secretary says, like that genius mayor transportation secretary, Pete Buddha judge, Mayor Pete.
Oh, we don't need to.
Why don't we need to do that?
You increase the world supply.
It's simple, basic, fundamental economics 101.
Anyway, here's the exchange.
We need to drill more here in the U.S., though.
Because we don't need to do that.
What we need them to do is with the oil that's out there, we need them to refine that oil so that prices, so that the capacity could go up and then prices would go down, inherently go down.
And so, I know the president once said that he was going to end fossil fuel.
Is that now off the table?
No, we are going to continue to move forward with our clean energy proposal, our climate change proposal.
Is that a priority?
Climate change over again.
No, that's not what we're saying.
We're saying that you have to go back to the question.
I'm answering the question.
Is his private question gas prices or is it addressing climate change?
First of all, you can do both at the same time.
So they're not, what is the priority?
You can do both at the same time, but they've shut down all energy production in this country.
They put all these burdensome regulations on the oil and gas industry.
They dried up new leases on federal lands.
They closed down and shut down Anwar.
They shut down the Keystone XL pipeline.
It would have been finished by now, and we'd be importing 900,000 barrels of Canadian oil every day.
They're not working to build up refinery capacity.
That's been a problem we've had for years and years and years, in large part, too, because they're putting more stringent requirements on refineries in terms, and it's crippling their ability to do their job.
I mean, and we're the ones that are taking it on the chin.
But as I've been playing for you this week, this is exactly what Joe Biden said he was going to do.
This is, you know, Donald Trump in that debate, I won't play it again, was very clear.
Oh, this is very big, what he just said.
He's going to shut down the oil industry.
I'm going to eliminate it.
I'm going to shut it down.
Look me in the eye, kid.
No more fossil fuels.
Okay, this is what it means.
And when it gets worse than even where it is today, then you'll know that this was the plan.
It's not even like we had some type of catastrophe that resulted in one big oil-producing nation just bailing out on producing energy.
He did it by design.
He did it by choice.
And all of us are paying the price every single day.
Now, there's been a lot of talk about when this next recession is going to come.
Lawrence Summers, with chief economic advisor to Obama, said in the next two to three years, we're going to have one.
Now, we just had a quarter of negative economic growth.
By definition, a recession is two quarters of negative economic growth.
Okay?
So we have one.
Now, the Atlanta Fed today, they lowered their second quarter growth projection to 0%.
Let's say it comes in minus 0.1%.
That means we are in a full-blown recession.
That follows the first quarter GDP that came in at minus 1.5%.
So the average GDP, if they're right, is 0% for the first two quarters of 2022.
Well, that would be minus 0.75%.
That would really mean the economy is officially in a recession much earlier than all these kind of guys that have even been on track, like Lawrence Summers.
I'm giving him credit.
I'm not dissing the guy.
He's been right.
He said, no, this inflation is not transitory.
Anyway, latest GDP estimate 0.0% came out today, and their new model estimate for real GDP growth in the second quarter is 0.0%.
What it ultimately ends up at, what, up 0.1%, down 0.1% is pretty much the same thing.
We're now on the edge.
Now, remember I told you to pay close attention.
We've been having wonderful people call this program.
I love this audience.
We got farmers calling.
So many days when I'm getting the crap kicked out of me, I wish I was on a tractor somewhere.
Don't you wish that, Linda, or out in a ranch in Montana?
I would love to be in Montana.
Absolutely.
I know you went there on vacation recently because you love Yellowstone so much.
It's beautiful.
It's absolutely beautiful.
Okay, but they don't want people like us there.
Trust me.
They were very nice.
They love me.
No, okay.
Well, you know, they thought Anthony and I blended right in.
Kevin Costner does this great show, Yellowstone.
If you haven't watched the series, you've got to watch it.
It's awesome.
It's on Paramount if you have it on your cable system.
You're going to love the series.
But anyway, so a lot of people have watched it and are moving out there.
And the people of Montana are getting pissed off.
They don't want New Yorkers moving out there.
And I'm sure you open your mouth.
Hi, ma'am, ma'am, ma'am.
First of all, can I have a cup of coffee?
That is God's Honest Truth.
That was the first conversation I had was where do I get the coffee?
That's a goddamn thing.
When do I get the coffee?
And what did the lady say?
You're from New York?
I bet those people are.
She said, I got it right.
Absolutely not.
She said nothing.
She said, here's your latte.
You're welcome.
I said, thank you.
I love to hear that.
It's my favorite place in the world.
You know, she said something about that accent.
No way.
Absolutely not.
That never happens to me.
Oh, no, no, never happens to you.
But all these farmers have been calling us and telling us we're teetering on the edge.
This is now a zero-hedge article of a food shortage as worries now mount as Pennsylvania farms are being crushed by record diesel prices.
That's only the tip of the iceberg because all these farmers calling me are telling me not only is diesel killing them, they can't get spare parts for their tractors.
The fertilizer costs are five times what they were.
And seed costs are costing them an arm and a leg.
And some people are deciding that they're not going to work that hard if they're not going to get a return or be in the black at the end of it.
It's backbreaking work.
It's sun up to sundown and everything in between.
By the way, Biden was caught telling a giant inflation whopper during this interview: if it's my fault, why is it the case that in every other major industrial country in the world, that inflation is higher?
You lied.
And Peter Doocy called them out on it.
By the way, ExxonMobil, to their credit, you know, being called to Biden threatening to use his emergency powers to punish oil companies.
He's even threatened to put these people in jail.
What the hell is he thinking about?
He ought to be kissing their ass instead of the crown prince's ass and the mullahs and Iran asses, begging them for the oil.
We have enough resources here at home.
Anyway, the ExxonMobil had had enough of it.
And they said in the short term, the U.S. government could enact measures often used in emergencies following hurricanes or other supply disruptions, such as waivers of the Jones Act provisions and some fuel specifications to increase supplies.
In the longer term, the federal government can promote investment through clear and consistent policy that supports U.S. resource development, such as regular and predictable lease sales, as well as streamlined regulatory approval and support for infrastructure like pipelines.
Notably, of course, they're talking about the Keystone XL pipeline.
And this guy is the ExxonMobil is right.
Stop blaming the meat companies and Putin and Trump and Fox News and the farmers for crying out loud.
It's your policies that got us here.
Your stated goal was to get off fossil fuels.
You won, Joe, and now we all suffer.
There you go.
You got your policies.
You got your Green New Deal in place.
You got your climate alarmist religious cult behind you.
And the rest of us suffer because of your stupidity and your utter incompetence.
And I doubt he even knows that today's Friday.
Just as a side note.
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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 download Verdict with Ted Cruz now, wherever you get your podcasts.
By the way, where's your president heading this weekend?
Want to take any bets?
Linda, where do you think the president's headed this weekend?
What do you think he's doing while our economic woes get worse and worse by the minute?
Take a guess.
I'm going to say Delaware.
Delaware, the beach.
How did you know?
Wow, that's amazing.
He's very tired.
He's working hard.
So get this.
So the White House now, we've had Pete Buttiguds, Commerce Secretary, Energy Secretary, Transportation Secretary, Kamala Harris, White House yesterday.
Now, Corrine Jean-Pierre, when asked by Peter Doocy, why don't we drill for more oil?
We don't need to do that.
Just what John Kerry said this week.
But Joe Biden will host today, before he goes on his little vacation again, a global climate talk.
And they're going to talk about climate change.
How about producing more energy?
What is the replacement?
What is the clean energy replacement, renewable energy replacement?
Because if you're going to tell me electric cars, that's not going to replace everything.
And by the way, you need fossil fuels to make them, in case you didn't know.
Nobody told them.
Anyway, they're doing a virtual conference on climate talks.
Let's see, China, Germany, the Saudis, the UK, European Union, also participating.
Egypt's going to be a part of it.
By the way, the Paris Accords that recognizes China and India as developing nations.
So they pay next to nothing, and we pay billions in taxpayer dollars.
But we don't need any more drilling.
We don't need to do that, Karine Jean-Pierre says.
Biden's energy secretary says energy companies need to make massive investments to increase oil supply.
Well, I just read you what ExxonMobil said back to you.
Give us a consistent policy so we can justify the investment.
Good grief.
But also, Biden is announcing initiatives to curb methane zero-emission vehicles at this climate meeting.
How important that is.
It's pretty unbelievable.
So they shift from blaming Putin for the oil increases to oil companies.
And then when that fails, blame Fox News and blame Trump.
I mean, you're going to blame everybody but yourself.
The buck stops with me.
Whatever happened to that kind of president?
Where's the guy that would take responsibility for his decisions?
Joe promised these would be his policies.
These are the predictable consequences of those policies.
I'll give you a quick example.
If you go out tonight, it's Friday night and you drink too much and you really go above your number, your limit, guess what?
Odds are pretty high you're going to wake up tomorrow with a big ass headache.
But don't worry, don't blame yourself for that.
Don't blame Jack Daniels for that.
No, you can blame Donald Trump, the oil companies, the meat companies, Fox News.
Blame everybody and anybody and anything but yourself.
Unbelievable.
We'll continue.
First stops working for the good of the country.
Sean Annity with behind the scenes information on today's breaking news.
Hannity is on right now.
Hi, 25 to the top of the hour, 800-941-Sean, our number, if you want to be a part of the program.
One thing will be interesting to watch as Karine Jean-Pierre joins the long list of Biden administration officials saying, oh, we don't need to do that.
We don't need to drill for more oil.
We don't need any more fracking.
Joe promised that when he was running for president.
And John Kerry, climate czar, says the same thing.
Pete Buttajudge, transportation genius that he is, commerce secretary.
We got Grand Home.
We got all these people.
They're all saying the same thing.
Well, we don't need to drill.
What if gas prices keep going up?
Are they still going to take this position?
And then they get the shellacking that they deserve in November.
Will they change course then?
Or are they that indoctrinated it into their climate religious cult?
Because I'm betting, you know what?
At some point, everybody's going to get pissed off.
Look, let me give you some other economic numbers you're going to love.
Well, we already knew that what mortgage rates, 30-year fixed mortgage was, what, 6.3% before the Fed hiked interest rates on Wednesday, 0.75 basis points.
That's three-quarters of a point increase.
U.S. mortgage rates now at the highest in almost two decades.
Now, what does that mean?
I've gone through this.
It means, uh-oh, well, fewer people are going to be able to afford homes.
We have a soaring mortgage rate.
That means would-be borrowers now have to meet banks and lending institutions' required debt-to-incool.
They might have lost probably by now many Americans, probably in the millions, have lost mortgage eligibility, even on something is relatively an average home of $400,000.
You know, buyers, you know, still some are undeterred, but they're going to pay a lot more.
If you took out a $400,000 mortgage in June of 2021, the average rate was 3.1%.
That's $1,708 a month.
Before this week's rate hike, it was 6.3% principal and interest.
Now, remember, if you would have done it a year ago, $1,700.
That same mortgage every month is $2,471.
I mean, it's insane.
This is madness.
And if the year-over-year price values, now what's going to happen in a new home construction?
It's going to plummet.
It's going to come to a screeching halt.
If you're in the contracting building business, good luck.
It's going to suck.
It's not going to be fun.
It's going to be a while till things get fixed.
We need two elections, one probably, before we really fix it.
Anyway, so, you know, if you put, you know, if you have the home jumps 20%, the latest reading year-over-year price growth, you know, your average rate, it just is dramatically higher.
The highest.
And then if you're looking at existing home sales, we're already beginning to see an impact on existing home sales.
I told you that all of this was going to happen.
This is their way of cooling down the overheated economy, as they say.
And the hope is they raise interest rates and you have a soft landing, they call it.
There's going to be a crash landing here, and it's not going to happen anytime soon.
36% of employees get this earning $100,000 or more a year.
I think, well, if the average income is what?
What is it lately, Linda?
I think it's between $50,000, $60,000.
It was under Trump, but now you add $6,000 or subtract $6,000 because of Biden inflation.
And if you drive your car, it's $2,000 plus more a year that you're paying just for gasoline to get to drive the same amount of miles that you drove last year.
Anyway, 36% of people making $100,000 or more.
Now, that's considered upper-middle class.
That's considered a nice, healthy, middle, upper-middle-class income.
To be clear, if I'm jumping in for a minute, it's $50,000 in the United States, and then the median is like $34,000.
So given the increase, it's pretty good.
$400,000, as I said, is middle, upper-middle-class Americans.
36% of them, they're living paycheck to paycheck.
Now, probably they bought a little bit bigger, maybe nicer home.
Maybe they have a little bit bigger, nicer car, whatever it happens to be.
Now home prices are about to plummet.
That's the next thing that's going to happen.
Because if there's no new construction, because they don't have customers for it, and sales of existing homes tank, what's going to happen to home values?
That's going to plummet, and people will still be paying their mortgage on it.
And God knows when the market's going to bounce back.
It'll bounce back, but you never know when.
Sometimes it takes a lot of years for these things to finally catch back up again.
Now we're in the goodbye $30,000 on the Dow.
What's the Dow?
Did the Dow go up or down today?
I haven't been watching it.
There's only so much pain I want to inflict on myself and on anybody.
We are up right now, 124, but we're maintaining around 30.
Yeah.
Okay.
So we closed yesterday at Joe Biden's low.
Great job, Joey.
And he bragged, I'm going to buy you from a stock market.
Yeah, whatever.
You know what I mean?
That's what Joe says.
Punch a malarkey.
For God's sakes, Joe, go drill for some oil.
No, Joe says you're a dogface pony soldier.
That's what that's.
All these truths to be a self-evident.
All men and women created by the doubt by the, oh, you know, the thing.
You know the thing.
God, the creator of everything.
Get the record player.
Teach kids words.
You just can't make it.
I'm laughing, but I'm crying for everybody.
It sucks living paycheck to paycheck.
That's two-thirds of the country now.
I've lived paycheck to paycheck.
Linda, you've lived paycheck to paycheck.
Oh, yeah.
I don't think I paid you very much when you started, do I?
You didn't even know I was alive when I started.
That's probably no idea why it was for me to start noticing that somebody can do actually work hard.
Once I see that you're a real worker, then you get right into the inside inner circle, inner sanctum, if you will.
I think it took me a good 10 years before I got in that inner circle.
Stock market fall has wiped out, get this, a whopping $3 trillion in retirement savings just this year alone.
I was just talking about housing.
Zero Hedge is an article out.
How convenient for me.
U.S. housing starts, permits, collapse in May.
And that doesn't even include this rate hike.
It's all going to get worse.
Goldman Sachs predicting in the next 18 months as many as eight more rate increases, mid-surging layoffs in the real estate market, slumping home builder sentiment, soaring rates, plunging mortgage applications.
It's no surprise.
Analysts expected a drop in housing starts and permits in May.
It's only going to get worse.
I told you about the Zero Hedge article on we're teetering on the edge, food shortage worries.
We've been way ahead of the curve.
And I said to you when one of the farmers that listened to the program, I love farmers.
Linda, how many times have I said both on and off air, when we're having a really Adam shiffy day?
I'm like, what the hell am I doing this?
I'd rather be alone away from people.
Not around people.
Every day.
You say it every day.
I mean, and mostly it's only because I'm a conservative, getting the crap kicked out of me by all these groups that want me off the air that spend millions of dollars to monitor every word I say.
By the way, you got what you want.
You got your socialist.
All you people that are in your underwear in the basement somewhere that are monitoring my every word and getting paid to do so.
How do you like your $5 a gallon gasoline?
Are you happy about it?
Happy about a 41-year high in inflation?
You can even find one.
Well, we have a problem because we don't have the parts to build the cars.
So if you find a new car, you're going to probably still pay above MSRP regardless.
But the cost to finance a new car has now hit a new record, $656 per month.
Auto shoppers could pay even more with the latest rate hike.
Of course, they're going to pay more.
The one other article I saw, and this was rising the housing market update.
Share of homes with price drops.
Oh, just what I was saying.
I have data to back it up.
Housing startup dates.
Shares of homes with price drops reaches a new high as mortgage rates top 2008 levels.
So I have a couple of friends of mine, and they used AmericanFinancing.net, Linda.
And every time I start talking about this and or they send me a picture, they love to send me pictures of their home and the grass.
And, you know, I had to walk them through, you know, buying their first home.
They didn't, they owned like a condo or a co-op or some of those things.
And they lived in Illinois and they moved to Indiana.
They're good friends of mine.
Smart.
And, you know, they were nervous.
And I went through the math with them again and again and again.
Remember, I did that with Michaela and her home?
Oh, yeah.
I'm like, how many more times do I have to walk through this with you?
You can afford it.
I can tell you how you afford it.
It's scary, though.
But so they'll write me about this, and I'll say, you're welcome.
I'm such a wise ass.
You are.
That's also my freaking.
I made them lock in the rate.
And the builder wasn't giving them a closing date.
I said, go to the builder and say, either give me my money back now or give me a drop dead date so you can lock in your low rate, which was in the mid-threes.
Oh, thank God.
That's awesome.
Right?
And AmericanFinancing.net, they stuck by their word.
They kept the rate.
And there were two rate hikes in between that time.
Can you believe that?
Yeah.
Every time.
I'm such a wise ass.
You're welcome.
I keep saying you're welcome.
Does that mean or is that okay?
You know, it's a little bit snarky, but, you know, I mean.
But I really like them.
They're really good people.
It's fun to teach people and have a little fun.
They got a kick-ass house.
It really is awesome.
They're so happy about it.
By the way, we're back to the drawing board.
They found another job for Kamala.
She's doing such a good job at the border.
She didn't even get anywhere near the border.
Anyway, we're trying another run at the Disinformation Task Force, a 1984 Orwellian nightmare.
And the Biden administration yesterday creates the new Internet Policy Task Force led by the vice president, the wordsmith herself, word salad speaker, the giggling vice president, Kamala Harris.
And their goals are to develop programs and policies to protect political figures and journalists from disinformation, abuse, and harassment.
Okay.
I'm one of those people.
I'm a member of the press.
I'm a talk show host.
I get the crap kicked out of me on social media.
There are campaigns that literally, you know, they have bot accounts that attack me.
And I don't want this in place.
I want everybody in America to feel free to kick the crap out of me on social media and say anything you want, except threaten me.
You can't do that.
That's illegal.
You know, short of that, I believe in free speech.
Why do we need another runaround disinformation task force developing programs and policies?
to protect people from disinformation.
Who's going to decide what's disinformation?
Because that's the same group of people that lied and said Hunter's laptop was disinformation.
But here's the interesting thing.
People that believe the dirty dossier and believe the Alpha Bank Trump power server story.
What?
You know, Kamala was the one who pushed out all of the no-bail stuff.
So these are people who made physical criminal infractions against other people.
And she said, it's all good.
Come on out.
All the no-bail.
Now.
You're not going to stop.
Well, those were for the marches.
That was for the marches.
But then she also was all about violence and decriminalization and all this.
And then now she's the one going to talk about bullying.
Look at the article that came out about her here for staff is leaving because she's a bully.
That's pretty funny, too.
Now, Biden is insisting recession is not inevitable.
Maybe somebody should tell him what the Atlanta Fed said today.
0.0% projected growth.
And they keep revising downward their projections.
And then he says, I'm not a wise guy.
Gets testy, you know, falsely claiming inflation in every other country is worse, higher than the U.S.
He lied.
Full-on, outright lied.
He totally dismissed fears of recession, just like he said inflation was going to be transitory.
Then he says, what we're seeing are the consequences of COVID.
Trump was president with COVID, and guess what?
We were doing fine.
He got 1.4%.
That was the number, the Consumer Price Index number when Joe Biden became president.
And it's gone up steadily ever since.
Now to a 40-year record high.
He says, but you're going to blame it on COVID.
We're going to blame it on Putin.
We're going to blame it on Fox.
We're going to blame it on Trump.
We're going to blame it on oil companies, meat companies.
I'm sick of this blame bull, Adam Schiff.
Now, by the way, now we have all these dead cows.
Oh, my gosh.
I love animals.
I mean, I do eat beef, and I understand the process.
But, I mean, seeing them just dead, you know, and it goes on for like a mile, all dead.
Cattle.
What the hell is going on?
And some people are claiming it's the heat, and then others are saying it's not the heat.
I don't know.
We got to get to the bottom of that.
Anyway, this is where we are.
Elections have consequences.
Think about November.
It's going to impact you more than you think.
800-941-Sean, our number.
We've got to lighten things up.
We'll bring in Mark Simone and Joe Concha in just a minute.
We'll play some of this stuff for them as well.
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