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July 30, 2022 - Sean Hannity Show
35:55
Face It, We've Got A Recession - July 29th, Hour 1

Sean runs through the numbers again and it's obvious that we're officially in a recession.  Today, we heard, June's prices have increased at the highest rate since 2005.  The Biden administration is still in denial but the numbers just don't lie.See omnystudio.com/listener for privacy information.

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It's something else.
How is that not redefining recession?
Because that's not the definition.
Two negative quarters of GDP growth is not the technical definition of recession.
It's not the definition that economists have traditionally relied on.
It's not a game.
There's a technical thing called a recession, and its definition is as I've described it.
That doesn't sound like a recession to me.
Freedom is back in style.
Welcome to the Revolution.
Yeah, we're coming to your city.
Gonna play our guitars and sing you a contra song.
Sean Hennedy, leading the 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 349.
All right, day 349.
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So much news going on.
I've had so much reaction.
Linda, the call that we had at the end of the show yesterday, this woman that had called in and she had had an abortion, what, when she was 14 years old, she's 60 years old now.
Yeah.
Have you seen the stuff that Sweet Baby James has been reading about this?
It's horrible.
I mean, people are just so moved.
They were so moved by it.
And, you know, I thought back about it.
And actually, I had people reaching out to me that want to help her.
Yeah.
And, you know, especially from a religious perspective, it's kind of became more of a religious conversation.
You know, we go there sometimes, but not a lot of times, which is, you know, obviously a very important part of my life.
But She's just been, it seemed like it just was a spontaneous cathartic moment for her.
And it just came flooding out of her.
And it was like for the first time ever, she was, she had to get this off her chest because she has been so guilt-ridden about it her entire life.
And, you know, one of the things about life.
You don't know too much just yet.
Yeah, you don't know.
You don't know Adam Schiff about anything at 14.
You think you do.
There you go.
You know, I just felt bad for her.
And, you know, this is the whole perception too.
And we're going to get to the issues of the day.
I know everybody's expecting that.
But this is the thing.
There's nobody that has led a perfect life.
There's nobody that would want their worst moments on videotape.
There's nobody that wants to confess the worst things they've ever done in their life.
And for whatever reason, I guess the moment was right.
We had just talked to this crisis pregnancy center reverend who was reopening his place after, I guess, they had firebombed the place.
And it just reminded her and brought all these memories out and all these feelings she's had all these years.
And I just thought that the one thing that was missing, and I think there's a big misconception out there about people that are Christian or say that they're Christian or want to be Christians, that somehow these people are perfect.
They're not perfect.
It's just the opposite.
The whole idea is you're seeking redemption.
You're seeking forgiveness.
The word repentance means you want to change your heart.
You want to be a better person.
And you just happen to believe that God created the world.
This kind of fits into our governing philosophy that rights come from God, natural rights.
They don't come from government.
We're endowed by a creator.
We're not endowed by a government.
And you notice that a lot of authoritarianism is rooted in the power of the state and rights coming from the state.
No, natural rights believes that life, liberty, pursuit of happiness, that that comes directly from God.
It's a right of birth, if you will.
And that if you live in a country that is free, you have the best opportunity and the best chance to take those natural God-given talents you have and bring them to fruition.
And then you start contributing, hopefully, for the betterment of humanity.
And, you know, on the one hand, it's like people have misconstrued what that means.
You know, when I hear people are Christians, it doesn't mean, oh, you're perfect.
The people that I know are the ones that are like me that are the sinners that need the changed heart, that need to be better, that want to be better and strive to be better.
But it was just interesting, you know, the reaction we got to that call that just happened, you know, came up pretty much out of nowhere.
And I'll say, you know, I know that you said that you wanted to move on and we'll get to the news of the day.
I got to say, you know, putting all my bias aside, obviously, because I'm obsessed with news and I live and eat it and breathe it just like you every day.
I think every once in a while it's kind of nice to have a segment that spontaneously happens.
And it's just like, it's humanity, right?
Like here she is.
She's 60 years old.
She's held this her whole life.
She feels guilty.
She feels sad.
She feels like she can't unburden herself from it.
And she wants to save others from shouldering that same feeling because it's like, it's kind of like when somebody says, you never know what you're going to feel like when you have kids until you have kids, right?
And people say, oh, whatever.
And then you have kids.
You're like, oh, I get it.
I get it now.
Sometimes you know.
I was a broadcaster in Alabama.
I'm just, I was tweaking people and having fun.
It was more of a bit that I was doing on air.
And parents would call in.
And in the South, they would hit a kid with what they called a switch.
They'd have a kid go out in the backyard, grab a stick.
And, you know, if you did something wrong, you get a swat on the backside.
You know, spare the rod, spoil the child, that sort of thing.
I never hit my kids.
I found just taking their stuff worked better.
And whatever works.
That way it works.
But my father ripped off his belt and kicked the crap out of me.
And by the way, I can look back in retrospect and I deserved every bit of it and probably a lot more.
At certain points in my young, in my young age, my youth, I was a bit incorrigible would be the word I'd use or the nuns would use or the priests would use in high school.
So, but I think that the whole beauty of Christianity is that God so loved the world, he sent his only begotten son.
And if you believe in him, you know, that you will be forgiven and reconciled to God the Father.
And that is the whole message that he is the source of your salvation, a belief in that system.
Does that mean that you go ahead?
If I may, you know, so even for those who are more secular in nature, right?
So we have a large constituent, let's say, of listeners who may not be as religious as we are.
And even putting that aside, she really just added a very humane aspect to the whole conversation.
Obviously, she was driven by her belief in Christ and how she found even a little bit of salvation in that.
But I think overall, what she's saying is we're not giving people enough information.
And even when we had Reverend Harden on, where we didn't agree on every issue, it was a conversation that nobody is having, which is the conversation about life.
And why is it okay to only have one side of the conversation and not both?
And why are people firebombing information centers about life?
That's all it is.
And they're offering alternatives.
They're saying, okay, we will pay for your health care.
If you need help with housing, we're going to help you there too.
If you need, if you're not able at this point in your life to raise the child, we'll find a good home for your babies to live in.
And it's just an option.
It's a choice.
People don't have to follow through.
They're not forced to walk into that center and they're not forced to do what they might be asked to do or accept the help that is being offered.
And to your credit, Sean, you kind of let her talk.
It was a very, I think when someone says, I've never said this before, and I'm going to say it right now on your show in front of, you know, millions of listeners, you're like, okay, what are you going to say?
And I think there was some part of it.
I mean, who knows?
I mean, I think everything happens for a reason.
Katie and I were talking about it today.
I know you were just saying you and Sweet Baby were talking about it.
Everybody started reaching out.
Can we talk to her?
Can she help me?
What can we do?
Pastors wanting to mentor, wanting to help her work through her demons, whatever, you know?
And I think that that's the type of humanity that we miss every day in general conversation.
You look at these kids beating up cops in the subway.
They literally have no humanity in them.
No one has taught it to them.
They have not been given it.
They are not giving it back.
I mean, it's just a foreign concept at this point.
Life is so cheap for me.
It's one other thing, too, though.
But, you know, the fact that somebody feels guilty, I don't think guilt is a bad thing.
I think guilt is an awareness in your mind that you're doing something wrong.
And when that guilt becomes so burdensome, you want to change it.
The only thing that I would have added, and it was a pastor friend of mine that pointed this out.
And sweet baby James is the one that has always pointed out to me that the most powerful prayer is the Lord's Prayer because that's the one that Jesus gave to his disciples when they said, well, how do you pray?
What do you, you know, what do you pray?
You know, when he said the Lord's Prayer, the words, forgive us as we forgive.
Now, I'm not, you, I know for sure.
You're like the world's worst forgiver or you used to be.
No, I think I'm pretty bad at it.
Yeah.
All right.
So that's not my greatest strength either.
I'm not the world's best forgiver.
And knowing that, but this, there's a kind of magic to it when you think about it, says forgive us as we forgive.
In other words, when you forgive others for the things that they do to you, whatever it happens to be, you know, in a way, you're kind of lifting the burden on yourself.
And my hope for that woman the day after would be that she would understand that that was the whole purpose.
I mean, it's kind of an amazing thing that, you know, here's a guy that has been beaten and humiliated and spit at and nailed to a cross.
And his last words pretty much are, forgive them, father.
They don't know what they do.
Or having a guy on the other side of him say, I belong here.
I deserve this.
This is justice.
What's happening to you is not just.
And Jesus, in all that pain, in that moment, turned to that guy, this day you'll be with me in paradise.
And then, of course, my favorite biblical saying, as everybody knows, is let not your heart be troubled.
And then Jesus goes on to explain, in my father's house are many mansions, and I go there to prepare a place for you.
But go ahead.
So I think there's a funny, so Liam's birthday was yesterday, and he turned seven.
And he says to me, and I said to him, I said, enjoy it.
It's going to end soon.
So I said to him, I was like, this is the day that God made mommy so happy.
And he goes, what do you mean?
I'm like, because God gave you life and we got to thank him.
And he goes, Mom, I'm already alive.
And so this starts a whole conversation.
And he goes, Can I ask you a question?
I said, sure.
He goes, how come God died for us?
And I said, well, God so saved the world.
God loved the world so much that, you know, he gave his only begotten son.
And he was like, so God gave up Jesus because he loved us so much?
And I said, yeah.
And he looks at me, that's a lot of love.
And I said, yeah.
And I'm thinking, I wonder how many parents are having this conversation with their kids.
You know, I mean, whatever your religion is, however you follow it.
Not in a public school.
You're not allowed to mention God.
You can only gender identity.
You can only be at school.
I think they should all be home with their, unless you're going to a religious school.
By the way, I have a deep respect and profound respect for all of the religions.
I mean, America was founded on Judeo-Christian principles.
That is not an issue in dispute.
But we're also a nation that believes in freedom of religion.
And that means pretty much any religion.
And we're tolerant of people that have varying religious views.
Or, you know, I've debated many atheists in my life as well.
The only thing I want being told at school is the Pledge of Allegiance, math, science, English, the rest of it, gym, you know, kindness, the rest of it, leave it to me.
You know, math, science, English, computers, reading, writing.
That's it.
Let's stick to the basics and mom and dad deal with the value systems at home.
I have one important note.
Charlie Daniels texted me.
He said that Charlie Daniel Sr.
used to let him pick his Switch before he got whooped.
A lot of parents do.
My father didn't wait.
He just ripped off the belt and boom, here it comes.
It's funny.
My mother would come in the room.
Yo, you're going to have a heart attack.
Stop, stop.
You're going to have a heart attack.
If it was snowing outside, you know, and I was procrastinating, I didn't feel like going out and shoveling the huge driveway.
Or when you were sketching on the back of buses, maybe.
All right, all right.
My kids, uh-huh, that has gotten back to my kids.
Thanks, thanks.
People like you.
They're all numb them.
No, my daughter's reaction was, Dad, you used to do that?
I'm like, no, no, that's not true.
That was just a joke.
We were just kidding.
Just talking.
Just talking.
All right.
But I hope that woman can take her foot off her neck a little bit.
Yeah.
Because that message, that to me is the essence of it.
You don't deserve the forgiveness, but you get the forgiveness.
100%.
A lot of love behind that.
And Liam gets the gold star of the day.
Matt, as we told you in the beginning of the week, it was not going to be a good week economically in terms of news.
Consumer confidence now an all-time low.
The Fed 75 basis point increase in interest rates.
That's not good.
Now it's hitting the housing market as we've been predicting.
And new home construction is coming to a screeching halt.
It's going to stop even further.
Sales of pre-existing homes, that will stop because nobody's going to give up their low rates that they locked in.
30-year fixed rate, 3%.
Why would you go for a 7.5% rate at 30 years?
It's thousands of more dollars, especially over the course of your loan.
And, you know, and then, of course, we are now officially in a recession, although they try to lie to us continually and say we're not in a recession.
More information out today.
Inflation surged in June.
Workers' average wages accelerated this spring.
Signs that Americans won't feel likely any relief from all these rising prices anytime soon, and that the Fed will feel compelled to further raise borrowing costs.
Now, the inflation gauge that is closely tracked by the Fed jumped 6.8% in June from just a year ago.
We just got this number today.
That's the biggest jump in four decades.
Much of the increase driven by energy and food.
On a month-to-month basis, prices surged in June, the biggest increase in 2005.
So every indicator, even the ones that the Fed uses, shows rapid decline.
And they're still in denial.
It's about the politics of D.C. He's your watchdog on Big Brother.
Every day, Hennedy is on right now.
All right, 25 to the top of the hour.
You know, listen to how many Democrats, and this is now, this goes to the heart of what happened yesterday.
New York Post has their front cover today.
They have a picture of Joe Biden in the lower right-hand corner, looking dazed and confused as always, with his finger at his head like he's trying to think.
The word you're looking for, Joe, recession.
A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in the GDP in two successive quarters.
The country is in the depths of a recession because two consecutive quarters of negative decline represents a recession.
So now the answer is: what are they going to do?
Now, the answer is they're going to come back and they're going to raise taxes nearly a trillion dollars.
Now, Democrats themselves listen to the likes of Geithner and Joe Manchin and even Barack Obama.
You don't raise taxes in the middle of a recession.
Listen in their own words.
I don't think during a time of recession, you mess with any of the taxes or increase any taxes.
And it does not make sense to raise taxes in a recession.
So getting growth on track, led by the five-step, is going to is still our most important priority.
The last thing you want to do is to raise taxes in the middle of a recession because that would just suck up, take more demand out of the economy and put businesses in a further hole.
So we're not in a recession, according to them, even though by everybody's definition, going back just to 2020, they all used the current definition reasonable people are using.
What bothers me is they think so little of us.
You know, when people, like when my kids were young and they would try to lie to me and I'd say, you got to stop.
You're insulting my intelligence.
They're insulting all of us by saying, oh, no, this is not a recession.
Yes, it is a recession.
Yeah, but unemployment is low.
We haven't even reached pre-pandemic levels of employment.
Stop lying about that, too, because it's just a misdirection on their part.
The central reason the job market is so tight is many companies are finding it impossible to hire people because they have left the workplace in droves.
And the economy's only now recovering some of the jobs lost in the pandemic.
Not all of the jobs lost in the pandemic.
And yet they all go out there with the same lie because that's what it is.
It's a lie.
I just hate being lied to.
And out of nowhere, in comes Joe Manchin and pulling that game that he played.
Where did I see this today?
I am a firm believer in the people.
If they're given the truth, they can be dependent upon to meet any national crisis.
That's Abe Lincoln.
So the numbers come out yesterday, and this is Joe Biden.
Well, it doesn't sound like a recession.
Does that sound like a guy that's in touch with anything?
It's a recession.
Every statistic is screaming, it is a recession.
Every indicator is it is a recession.
And now in the middle of this, you make the dumb decision of doing exactly what even your beloved Barack Obama and Joe Manchin said, and that is you don't raise taxes during a recession.
You know, and anyway, we have what?
What are you saying in my ear?
Oh, and so then Joe Biden starts lecturing us.
Joe Biden's mad.
Joe Biden isn't like, he's very irritable.
I mean, it goes hand in hand with people that are in cognitive decline, by the way.
They can be very cranky people.
And Joe Biden, a little confused over America's recession fears, then starts kind of yelling at the American people.
Whoa, because we're not giving you $8,000 checks.
Listen.
But I started thinking about it just as somebody who's raised a middle-class kid.
One year, even though you didn't have the job you have now, even though you didn't get a raise that year, the difference between having a job, having a 5% raise or whatever, 3%, 5%, whatever it happens to be, in the face of inflation, price of the pump, although that's down every day so far.
But, you know, it's like, whoa, I feel worse off.
But then again, I didn't get a check for eight grand from the government.
They just, among other things.
Does that make any sense to anybody or is it just me?
Oh, does that make any sense?
Or is that just me?
It's just you, Joe.
So he's saying it doesn't feel like a recession, even though it's a reality.
You know, he said the very definition is met.
Then, of course, Corine Jean-Pierre will say anything that Joe Biden needs to have her say.
No, we're not in a recession.
Transition into a stable and steady growth.
This transition thing that they keep going back to.
Their transition means, yeah, we're going to force the American people to pay high energy prices until we get renewable energy independence, which is not going to happen for the next 20 years at a minimum.
It's not happening.
Yellen says the economy is not in a recession.
They've been wrong the whole time.
By the way, there's a story about Wikipedia has suspended the edit feature on its recession page after users flocked to amend it to concur with Biden's claim that the U.S. isn't suffering a downturn.
A page apparently was altered 47 times over a roughly 24-hour period with an administrator locking unregistered users out until August in an effort to curb what the encyclopedia website characterizes as vandalism and malicious edits.
They don't seem to care when it comes to my Wikipedia page because I've seen nothing but lies the few times I've looked at it.
Anyway, so Manchin shifts into defense as Dems, you know, he himself, they're going forward with this idiotic reconciliation bill that they say will raise, you know, nearly a trillion dollars in new taxes in spite of even Barack Obama's warning.
You know, it's good policy.
I guess makes for good politics, but the reverse is also true.
Senate Republicans proved all of this as their home state handouts paved a runway for Biden's long-sought climate tax and health care agenda.
And we can't afford what they're doing to this country.
And it's only going to move, it's not going to move the needle.
Well, we're going to tax rich corporations.
Corporations don't pay taxes.
Biden says it's no surprise after negative GDP report for two straight quarters signaling a recession, but it's not a recession.
The Schumer-Manchin Tax and Subsidy Pact.
That's how the Wall Street Journal characterized this, 715-page bill.
A more accurate name would be the Business Investment Reduction and Distortion Act since the result of the $433 billion in climate and health care spending and $615 billion in new taxes and, quote, drug price control savings, a 15% minimum tax on corporations, book income, they are claiming over $1 billion.
So they're claiming $1 billion in new tax increases and that Democrats will claim will raise $313 billion by 2031.
This new alternative minimum tax will slam businesses whose taxable income is lower than their profits on their financial statements owing to the likes of investment expenses, et cetera, et cetera, et cetera.
This is just going to worsen inflation.
This is just going to backfire on all of them.
House Republicans have a plan.
Their leadership in the House is forming, you know, after Manchin agreed to go with Chuck Schumer.
Anyway, in a Republican, the Democrats have been looking to pass this CHIP Act.
It's called the Chips and Science Act.
And House Minority Whip is Steve Scalise office is urging members now to vote no against that.
This legislation comes to the House precisely as the Senate Democrats struck this deal on this reconciliation bill, you know, pairing up a tone-deaf agenda with one that hands out billions of dollars in corporate handouts and, on the other hand, undoes historic tax cuts implemented by Republicans.
And the U.S. Senate passed this thing through legislation, the CHIP Act 6433, though it was not until after the bill passed the body that Manchin and Schumer announced their agreement.
Anyway, in a column for Town Hall, one writer suggesting that the CHIPS Act invariably grows the budget deficit.
So now maybe the Republicans will fight back on that front.
We'll see.
I don't know what the Republicans are going to do here.
The reality is they're just making the economy worse.
But Joe Biden's angry complaining about inflation that we forgot that they were sent a check for $8,000.
By the way, who was sent a check for $8,000?
Were you sent a check, Linda, for $8,000?
I never got $8,000.
I think it got lost in the mail.
I think it got lost in the mail.
Now, they did send me two checks for something like $800.
I don't know, $400 or what was it, $600 each?
And I sent it to my accountant and said, whatever you do, don't cash it.
I said, somehow, you know, it's going to be a headline.
Hannity got money from the government.
I don't need that.
I don't need that headache.
It's not worth the $600.
I'm not sure what's going on.
Maybe Muriel Bowser, for the first time, wants the National Guard.
We were talking a little bit about that last night on TV.
We'll talk more about it tonight.
But the Biden administration seems to quietly be approving construction of the U.S. border wall near Yuma, Arizona, and one other place.
Joe Biden once said that he's never going to do this.
Trump campaigned on build that wall.
Are you willing to tear that wall down?
No, there will not be another foot of wall constructed in my administration.
Number one.
I'm going to make sure that we have border protection, but it's going to be based on making sure that we use high-tech capacity to deal with it.
And at the ports of entry, that's where all the taxes are.
What about the land confiscations?
And stop.
Done.
Over.
Not going to do it.
Withdraw the lawsuits.
We're out.
We're not going to confiscate the land.
We're out.
And look at the disaster at the border.
It's pretty unbelievable.
You know, the one thing that's working, the one thing that finally motivated Muriel Bowser to call up the National Guard is it was Governor Greg Abbott sending all of the illegal immigrants in this country to Washington, D.C.
And we need to put this on steroids.
Every state, they're dumping illegal immigrants in every state.
And what they ought to do is the governors of Republican governors need to pack up buses and send every illegal immigrant.
You're not going to participate in lawbreaking.
You're not going to aid and abet what Biden is doing.
And if they want to break the law, send all the illegal immigrants they're bringing into the country, send them to Muriel Bowser and Joe Biden.
Send everybody to Washington, D.C. Greg Abbott had it right.
It's going to be very interesting.
We're not getting any heads up.
We don't know what Nancy Pelosi is going to do.
I guess she's taken off on her trip to Asia, but nobody knows if she's going to stop at Taiwan, at least not at this point, especially after the beatdown that Joe Biden got from President Chi yesterday.
Those who play with fire will get burned.
You know, wouldn't you have preferred a president that stood up to the communist Chinese and said, when are you going to compensate the world for what you did to the world with COVID-19?
You know, everything you need to know is in this one travel ban.
Remember, they talked about the Trump travel ban.
The travel ban in China is way more revealing because remember, China would not allow anybody in China outside of Wuhan province to travel to Wuhan province.
And if you were in Wuhan province, you are not allowed to travel outside of Wuhan province to any other part of China.
But while that was going on, that travel ban existed.
You were able to get on a plane in Wuhan province and go all over the world and conduct business.
Now, why do you think that is?
What did the Chinese government know that we didn't know?
Where is the penalty for intellectual property theft?
And if the Chinese are not going to be willing to be fair trade partners, why would you eliminate the tariffs the way Joe Biden is doing it?
Why would you give them preferential treatment now, especially after they're threatening you?
Why would you give a million barrels of our strategic petroleum reserves to the communist Chinese at a time when we're paying more for a gallon of gasoline and a gallon of diesel than we've ever paid for in the history in history?
I mean, it's nuts.
Play with fire, you'll get burned.
Fierce warning to Biden on Taiwan, two-hour call, tensions reaching a boiling point.
There's no word at all whether or not, you know, what about the oppression of the minority Uyghurs in China?
Did Joe bring that up?
Did Joe bring up compensating families that lost loved ones because of the virus from the Wuhan Virology Lab and China's cover-up of that, along with the World Health Organization?
Did Joe bring up unfair trade practices?
Did Joe bring up intellectual property theft?
These are simple questions.
Nobody's getting an answer.
The White House refuses to say if Biden pressed President Qi on the origins of COVID-19.
You know, the greatest threat to the U.S. is now China.
The greatest access of evil threat to the world is China, Russia, and Iran, which has now formed an alliance.
And it shouldn't surprise anybody that the Kremlin today offered strong support for China amid the tensions with Taiwan, warning the United States against any provocation or any moves that would exacerbate the situation.
So now we're getting threatened by Putin again.
You know what?
You can't make this Adam shift.
I'll tell you right now.
Pretty depressing.
Pretty sad.
All preventable.
800-941 Sean, you want to be a part of the program?
We got a lot of ground to cover.
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 down with Verdict with Ted Cruz now, wherever you get your podcasts.
You want smart political talk without the meltdowns?
We got you.
I'm Carol Markowitz.
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.
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.
When I told people I was making a podcast about Benghazi, nine times out of ten, they called me a masochist, rolled their eyes, or just asked, why?
Benghazi, the truth became a web of lies.
From Prologue Projects and Pushkin Industries, this is Fiasco.
Benghazi.
What difference at this point does it make?
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