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Nov. 18, 2022 - Sean Hannity Show
32:27
Larry Elder - November 18th, Hour 2
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This is an iHeart Podcast.
Hour two, Sean Hannity Show.
Toll-free.
It's 800-941.
Sean, you want to be a part of the program.
Let me play Jeff Bezos, because I've got all this economic horrific news that uh we're going to go over with Steve Moore and our friend David uh Bonson uh in a second here.
But listen to what say what you will about Jeff Bezos.
A lot of these billionaires, they're not dumb, they're not stupid.
Uh I don't like their politics in many cases, but they know the economy, they know how to make money, and they're worth listening to.
Listen.
We are in some tough economic times.
Yeah.
Some people say that perhaps we're already in a recession.
Do you think that we're in one?
And what is your advice for small business owners?
I I I don't know whether we're technically in a recession.
I know economists argue over that and they have certain technical definitions.
What I can tell you is uh the economy does not look great right now.
Things are slowing down.
You're seeing layoffs in many, many sectors of the economy.
People are are are slowing down.
Um the probabilities say if we're not in a recession right now, we're likely to be in one very soon.
So the other economic news we have, Bloomberg reporting that uh Biden's economic team is gonna undergo a shakeup.
I mean, how could they not undergo a shakeup?
Inflation is transitory, 41 year high.
Gas prices are coming down.
Yeah, of course, we're compromising national security by rating the strategic petroleum reserves.
And guess what?
Gas prices are going up, and your heating bills this year expected to be 45% higher in some places maybe more than it was last year.
You know, wait, wait for this winter.
It's not gonna be good.
Uh Biden's Treasury sector secretary Janet Yellen plans to stay at her post longer than some of the uh Council of Economic Advisors.
Their chairwoman, Cecilia Rouse will leave the Biden White House next year, and National Economic Council director Brian Deese is one of Biden's top economic advisors, he's gonna leave.
They're jumping ship because they know there's no end in sight here.
They don't want to be a part of it.
You have a major investment firm, then they're just outright blaming Biden's inflation for draining 25% from Americans' retirement accounts.
Uh this was on CMBC.
The average 401k balance sank for a third consecutive quarter, now down 23% just from one year ago, and the average individual retirement account also plunged 25% year over year.
I mean, this is serious money.
Now you add that to the plunging home sales.
This was in the Wall Street Journal.
October sales fell 28.4%.
What did I tell you?
New home sales would come to a screeching halt, sale of pre-existing homes would come to a screeching halt, and home values would deteriorate.
That's now happening.
It's unbelievable.
And lastly, now we have toy makers anticipating that families are not going to have a very merry Christmas.
Anyway, they're trying to help families that are struggling, which is 70% of Americans now living paycheck to paycheck, and they're making toys this holiday season.
Uh they're on unveiling a new line of over 200 smaller, more affordable items priced at 10 bucks or less.
We see that consumers now have less money to spend with gas prices, you know, as insane as they are.
Inflation is insane as it is.
Uh MGA uh entertainment CEO, Isaac Larry and was on with Steve Ducey on Fox and Friends.
So, you know, miniature brat stalls are uh one of the items they're offering consumers this holiday season, because you know, they they understand the reality.
People are not gonna be able to afford these expensive toys that they once did.
Anyway, here for perspective, Steve Moore, member of the present President Trump's economic recovery task force.
Uh and David Bonson is with us, founding and managing partner of the Bonson Group.
Good to have you both back.
Steve Moore, I'll I'll start with you.
Yeah.
Uh is it gonna get that bad in Western Europe, Germany in particular, and is it coming here?
Well, you summarized it so well, Sean.
I mean, you look at what's happened in not just Germany, you mentioned Germany, but look at the UK where they're paying eight, nine, ten dollars a gallon for gasoline, where they have ten, eleven percent unemployment rates, where they're the idiot government there is wanting to raise taxes in a recession, which is uh breaks the first law of economics.
So is this coming here?
Well we'll see.
You know, you mentioned the fact that the uh you know people are leaving the finally leaving the the Biden administration when you said that I thought, hooray, maybe they'll get some as you know I did that study that you and I talked about about two or three months ago that there were no people with any business experience in the Biden administration.
But Sean, I don't think that they're going to replace any of those people like John Janet Yellen and others with with uh business people.
They don't like business people.
They hate business people.
They they think that they're rubber barons or something.
So am I pessimistic?
Yes and one last point I would make to add to the array of statistics you had, uh Fox News reported today, and if you saw it, Sean, that for the first time maybe in your and my lifetime, the United States is become a is going to become an importer of food because we can't we can't grow the food here because our energy prices are so high.
I mean we're supposed to be the breadbasket of the world for goodness sakes.
Yeah well apparently not David let's get your take on this well I mean there's there's a whole lot of factors going on.
I think the idea of the uh council members uh both Brian and Cecilia had NEC and a TEA leaving would be a good thing if I had a confidence in better people coming in and yet the name I'm hearing in one of those two roles is Gene Sperling who is the old Obama NEC head and he'd been in the Clinton side before then but when he was in the Clinton side you remember I hate to say anything nice about old Democratic uh advisors,
but you know they had a couple people that were reasonably pro dollar pro markets and and the fact of the matter is Gene Sperling spent his time back in the nineties fighting with those people.
And then he came in in the Obama side and was as big government, big state, big regulation as they come so of course I don't have any confidence to replace them with more free marketeers and and more people who believe in the idea of a free society that the three of us believe in.
But um ultimately their problem is that they're bad at doing policy because they have a bad philosophy that they're rooting it in.
They do not believe in human beings making free decisions in their own lives.
They believe in central planners.
And all we're dealing with right now is the mess that that creates.
You know, I'm watching all this unfold.
And one thing that I talked at length about when when General Bolduc was running for the Senate in New Hampshire and we had him and Governor Chris Sununu on Steve Moore and the Epoch Times has reported on this extensively, as have other locations.
But you know that they're now talking about a very very real possibility of a blackout throughout New England.
Now all of New England is on one grid.
They're on the same grid and that impacts obviously the entire Northeast now they're expecting uh the possibility that they may not have enough natural gas available to run the grid meaning that you're gonna have blackouts all throughout New England all throughout the winter on top of the 45% anticipated increase in heating your home be it gas or oil.
Now if that happens uh that's a game changer what are people supposed to do then well you know what are we a third world country or we have banana republic that we're running out of uh electric power I I mean this is an outrage and incidentally it goes back to what's happened in Europe.
You see we we should have learned the lesson from Europe because as you just said um Sean that Europe tried the green energy nonsense five or ten years ago.
It completely failed in Germany there was an article in the one of the major German newspapers recently that because they're gonna have blackouts they're recommending people ready for this show buy candles.
Wow people I have buy candles and then they you know what they're doing for for heat they're they're using wood fires I mean it's for what is this the stone ages this green energy thing is a farce it is going to cause real damage to people is going to it's not just gonna be more expensive.
It's gonna cost human lives.
I mean when it gets cold I'm from Chicago Sean it gets it can get five to ten degrees below zero at night you don't have your home heat you know you're causing real problems and so uh the price of home heating oil and the price of diesel two of the major forms of energy have doubled Sean doubled in price since uh since Trump left office and that's if you can get it at that price at all.
You know that that that is a very, very scary scenario.
That's unreal to me.
And uh I said actually before the election, I I said, David, I I wish we were having election day in February, because when people see they get the sticker shock of trying to heat their homes, I mean, this will go beyond Jimmy Carter suggesting that you lower your thermostat to what, sixty-eight and wear a sweater in your own home.
Uh people are not going to be willing to compromise on the the heat that they're most comfortable with.
Right.
And of course, the hard part is predicting weather and some of the other factors.
We know it's freezing in the Northeast and freezing in Chicago in some of those areas, and and those shortages are a very real possibility.
Um I think in Europe, they do look like they're gonna have a little bit less severe of a winter than it could have been, and yet it's still right now completely unaffordable, bringing in all kinds of state intervention and a mess.
And I just want to point out that it took two to tango here.
What Germany and other European nations decided to go into a green energy policy and not be prepared to import liquefied natural gas.
And the U.S. went to their green policies and we're not in a position to export liquefied natural gas.
And by and that takes preparation.
We can't just flick a switch now and make it happen and meet the needs of humanity with our own resources.
And and Steve pointed out, well, people could lose their lives.
Uh, that's true as if people are freezing it up in their homes, but let me just point out that they already have.
Because Putin invaded Ukraine because he knew that he had leverage over environmental policy.
That's right.
It was not for the greenies, he never would have done it.
You know, the the fascinating thing, Steve, did you read any of these articles that's that suggested that that secretly Russia was funding some of the environmentalists, extreme groups in Western Europe and the lead up to their dependency and and uh an abandonment of their own domestic energy production?
So, you know, it's so funny you should mention that.
I I have seen some articles.
I can't verify that it's true, and I can't verify what I'm about to say is true, but it's the suspicion of mine that the major comp countries that are um oil producing countries like Russia, like Saudi Arabia, like Iran, are actually funding our U.S. green energy groups to convince people to shut down American energy because Sean, who do you think has been the big biggest beneficiary of this brain-dead Biden energy policy?
It's been Russia, it's been Putin, it's been the Saudis, it's been the Iranians.
We are playing by the way, meanwhile, I mentioned this on your uh TV show a couple weeks ago.
China, you know this, Sean.
China's building 25 coal plants, massive coal plants.
We shut down a coal plant in West Virginia, they build three new coal plants in in China.
How does that reduce climate change?
It doesn't.
I mean, this this is the point.
So sort of like the electric vehicle uh myth, uh, David, 22 grand more than a gas-powered car.
Then of course you have to pillage Mother Earth to get the minerals to build the batteries that are not very efficient.
John Stossel had a great column I I referenced earlier in the New York Post today.
And what's fascinating about this is okay, you pay twenty-two grand more.
Uh you have to pillage Mother Earth using big equipment that uses diesel to get the nickel, the cobalt, and the manganese and build the batteries that are not efficient.
And then if you're allowed to charge your batteries, it's during the right hours in California, uh, ninety plus percent of our electric grid is fueled by uh you got it, fossil fuels.
So tell me how that works out.
How does that benefit the environment?
Well, exactly.
And here's where I I hate to do it, but I'm probably gonna disagree with my friend Steve Moore because I don't think you need Iran or Russia to fund this because it what it's giving an excuse to the severity of how radical our own homegrown in environmentalists are.
That implies that they don't really believe it, and I think they do.
I think that they're that dangerous in this radical ideology that has uh sort of a pantheistic nature to it about Earth and a completely anti-science understanding of what's going on right now with fossil fuel innovation.
We first of all, it's very simple.
We cannot meet the needs of humanity without fossil fuel.
And secondly, if we are already doing a better job using fossil fuel to emit Less carbon.
Both of those things are happening, and both those things are facts.
And so I want us to be the party of facts, and they apparently uh uh oppose science.
It's amazing how that label has been uh so rebranded.
Quick break, we'll come back.
All right, we continue our examination of this disaster of an economy and record high energy prices.
We're anticipating to heat your homes this winter.
Uh Steve Moore and David Bonson are with us.
How bad is this all gonna get?
Final thought, Steve Moore.
I want to add something to what uh you guys were just saying.
You know who else is a big big funder of the big green radical movement?
This guy, Sam, uh what's his name, bankman?
Yeah, he he was funding all this stuff because he knew it would win pleasure and uh relief from the Democrats in Congress.
So it's these we're being used.
We're being played, Sean, by these groups.
It could get a lot worse.
I think that the good news is with the Republican Congress.
I I was just speaking with a bunch of the new members.
I the numb job number one is to restore American energy dominance, and that's everything.
Our nuclear, our coal, our oil, our gas, everything we got, Sean.
Oh, scary times, and I think they're gonna get worse.
How do you both agree with me?
Things are gonna get far worse before they get better.
Sean, the only reason why I can't say they get far worse is because I still believe that uh American ingenuity, the American Enterprise system can surprise us.
And and uh what I do know is that policymaking will get worse with this administration, but you know, I don't want to I don't want to put it out there that we think a certain data point's gonna get worse than then it doesn't.
That's happened before for all of us, right?
What we know is we can do better.
We can do a lot better, and that's where it needs to happen.
I would agree with Steve.
The lowest hanging food is energy independence.
When we get a better situation uh governmentally, we can deal with tax.
I would like us to one day start dealing with spending.
Maybe someone can understand how much excessive indebtedness is a reason why we're getting subpar economic growth.
So, yeah, I think it probably gets worse, but my main my main agenda is what we can do to fight against it with the engines of American capitalism.
All right, appreciate you both.
Thank you.
Steve Moore and David Bonson, 800-941-SHAWN, our number if you want to be part of the program.
I have 25 to the top of the hour, toll free.
It's 800 941 Sean, if you want to be a part of the program.
So James Comer and Jim Jordan, we've been having them on radio and TV now regularly.
And now that Republicans have uh taken charge of the House, I have said it is a massive, massive victory that a lot of people I don't think understand the magnitude of.
Um, in the as much as if you're in the majority, well, you get all the committee heads.
If you're in the majority, you have the power to subpoena.
If you're in the majority, you set the agenda.
If you're in the majority, you have the power of the purse as well.
Uh you know, it's interesting with the announcement that the DOJ of Joe Biden, Merrick Garland, has appointed a special counsel to go after Donald Trump yet again.
You know, here we go one more time.
But yet they've done nothing with Hunter Biden's laptop from hell that they've had for years.
And we've gone into great specificity and great detail about Hunter Biden and about his laptop and about how it implicates Joe.
Senator Ron Johnson was asking FBI director, and by the way, this is one of the investigations, Jim Jordan on the Judiciary Committee will be leading.
He explained it on this show this week, uh, into whether or not our FBI has been politicized.
Uh we have whistleblowers saying it has been politicized to a scary level, and whether our DOJ has been weaponized.
Maybe it's one of the reasons, you know, they're punting to a special counsel to get out of it because uh where's the special counsel investigating Joe Biden and his zero experience uh son Hunter, uh now that we know fifty countries they were making deals with,
and Joe was up to his eyeballs in it all, and you're talking about you know, anywhere from a hundred million dollars upwards of money's made uh with fifty separate countries, including hostile regimes like China and Russia and Ukraine and and Kazakhstan at the time.
And yet, you know, they've had this laptop, they've done nothing with it, and we know that there are crimes, evidence of crimes that have been committed.
Where's the special counsel there?
And this this has to be dealt with.
Do we have equal justice under the law, an equal application of our laws?
It would appear in America we don't have it.
Listen.
Have you read Senator Grassley's and my report on Hunter Biden's corruption issued in September of 2020 and November of 2020?
Have you read those reports?
I have had a chance to look at it.
Do you see any sign of Russian disinformation those reports?
That would be a hard question for me to answer.
No, it's very easy.
It's very easy.
What I would say to very easy answer is there is no Russian disinformation.
That report is completely clean of any interference of foreign influence.
Now, what's amazing about this is with the Republicans now in control of the House for the first time in whatever many years, the administration now they're gonna have their feet held to the fire.
Uh and that means Joe Biden.
He has long been accused along with his son and his brother of public corruption of influence peddling as it's called.
But not not just your ordinary public corruption, but now they have bank records, they have government documents, they have the laptop from hell, and the issue is whether or not your president is compromised based on business dealings with these foreign adversaries,
and whether they sold access at the highest levels of our federal government uh to such uh even countries that hate us, and of course, you know, all being led by his struggling crack addicted son at the time, Hunter Biden, and Hunter with no experience.
You know, there was evidence that Joe met with at least 14 of these individuals between 2010 and 2018.
Now, rightly, Republicans are demanding answers.
Uh don't forget Tony Bobolinski said he sat in on one of those meetings.
He was on Hannity last night and and saying, yep, that took place with what Joe said is absolutely a lie.
You know, it's important that this be fully investigated, but where's that special counsel?
Anyway, let's get to our busy uh telephones.
Rich is in Florida.
Rich, hi, how are you?
Glad you called, sir.
How are you doing, Sean?
Thanks for taking my call.
Thanks for calling.
I'm worried about I'm worried about the uh investigation being brought out against uh President Biden and Hunter through uh Hunter's laptop.
Yeah, what what are you worried about?
Well, is it going to lead to an impeachment for the president?
And will it be will also lead to a conviction for Hunter?
I can't answer that because I've been very, very clear in explaining on this show and on TV is I do not believe that we have equal justice and application of our laws in this country.
I think there's one set of rules for the Clintons.
Uh, you know, if you want to look at top secret classified information, go back to the July press conference of of Jim Comey.
He admitted all of this was discovered on Hillary Clinton's, you know, servers, uh, but yet no prosecutor would prosecute.
Then why are we making a big deal over the the hundred quote top secret classified information documents they found in Marilago, so they say.
So wouldn't that be the same exact thing?
Wouldn't that be an equivalent?
And and you see the the fervor with which they're going after Donald Trump, which they've always done.
Now a second special counsel on top of two separate appe impeachments.
I mean, it just never ends.
The double standard is has never been more blatant than it is now.
So I I can't give you any assurances except to say that, you know, unfortunately, I feel like we're losing the country.
I think that if we don't have equal justice and application of our laws, that you might as well take your constitution and shred it.
Because every law is it's its foundation is that document.
And, you know, the fact that Director Ray and the FBI had all of this information on Hunter, they had the laptop before anybody knew about it, and they did nothing with it.
And years have now passed, and and still there seems to be nothing to be done.
And the fact that it does reach All the way up to Joe, you know, you would think is uh something of great importance.
So it's disappointing, but that's where we are.
I'll give you the last word, Rich.
Well, I think it I I have to agree with you.
One is it is a double standard.
And but two is because President Biden is lying and Republicans have control of the house.
Why don't we have indictments against both of them?
Is what I understand.
Yeah, look, I mean, I I think I there's no explanation for it.
Except we do we are not applying our laws equally.
That's the only explanation.
And if if I would argue if the laptop from hell was had by a Trump, then you know where that would end up.
Rich appreciate it.
Thanks for being with us.
800-941 Sean, you want to be a part of the program.
Jason, North Carolina.
What's up, Jason?
How are you?
Glad you called.
Uh, yes, sir.
Uh, I can understand your reluctance for believing Biden, but in my training and my experience over the years.
But it's even more important to listen to what they're saying, what they're not saying, and how they're saying it.
Okay, specifically, what are you referring to?
Are you uh with the Ukraine thing?
Because he initially said no, right?
When somebody asked him what he wanted.
Uh or if he heard about the bombing or the missile strikes.
Right.
When he said that, if you listen to it, he sounded annoyed and confused.
It was early in the day for him.
Later, when he was asked more about it, and he said it leads to my belief is that Russia did not launch them.
When he's speaking there, he actually sounds like he's sort of disappointed to have to report that.
Because there's plenty of people, I believe, that would love to see us get involved in another foreign conflict.
So with that said, I'm curious what your take is on where we stand right now.
What actions currently everybody's speaking with one voice.
I'm a little suspicious.
There were reports that that our intelligence officials uh on the ground got to the site of where this took place in Poland.
You're talking about the strike in Poland.
Uh in record time, other intelligence agencies from other NATO allies, they got there.
The only look, I'm I'm not I'm I'm not questioning whether or not what they're saying is true.
I'm not.
Is it a possibility that in a defensive posture, uh stopping cruise missiles and sending up defensive weapons to take them out, that Ukraine, you know, might have caused one of their m missiles to go into Polish territory, I think is possible, but ballistics would probably show this and bear this out very quickly.
And that's the one thing we haven't gotten any information on.
And I just would like a thorough explanation rather than the oh trust us uh explanation.
They're the same people that said, trust us, your kids need a vaccine, trust us.
You know, um I'm I don't trust any of these people anymore.
And trust us, and that's how we end up in Iraq the second time.
Yeah, well, trust us, and and a lot of good we can't fight wars this way anymore.
And now we have the technology to handle this.
Anyway, appreciate the call.
800-941 Sean, our number if you want to be a part of the program.
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The final hour of the Sean Hannity Show is up next.
Hang on for Sean's conservative solutions.
All right, let's go back to our busy phones.
800 941 Sean, if you want to join us.
Jay is in Pennsylvania.
Jay, hi, how are you?
Welcome to the program.
Yeah, how are you doing, Sean?
Um I just one question and then maybe just a couple comments.
So I mean, do you really think that Jim Jordan and a couple other Republicans starting an investigation against the Bidens is really going to bring to fruition anything of importance because here's my comment side of it.
Um, you know, I work for state entity.
I actually work for state of Maryland.
I'm not going to say what I do or who I work for.
Um, you know, coming in the door, you're dung ho, and you know, you want to do the best you can, and then when you get here, you realize, oh, well, these guys are standing around telling you better slow down, and then what ends up happening is it it's part of a culture.
You become what your environment is.
And basically, most of the people that go to DC, you know, they have intentions that they want to do good things, but then when they get there, they realize, oh, well, you got to get your hands dirty.
And let's face it, you know, I I've been listening to you and and um uh Rush Limbaugh and Mark LeBin.
I've been listening to you guys for years, and it seems like every time I think that one of these dirty politicians are gonna get in trouble, they escape.
I mean, look at the Clintons, uh, look at the uh Benghazi, look at the uh Lois Lerner in the targeting of uh conservative uh uh nonprofit uh organizations.
I mean, look at all the crazy stuff that's happened in just in the last 20 years that I've been paying attention, and nothing ever happens, and I don't understand why.
Let me let me give let me take my best shot at at answering your question.
Unfortunately, in my view, um there's way too many of our fellow Americans that have bought into this socialist utopia dream, climate alarmism, cultism, whatever you want to call it.
A lot of people have bought into this, and I'm trying to warn people in a way that is based in and rooted in reality and truth, because I'm not Pollyannish, number one.
Uh I don't like to overpromise and underdeliver.
I was I was not hedging my bets on the election.
I was giving you my realistic take of how difficult it would be for Republicans to win certain states.
And I I really believe we have two things going on simultaneously.
People believe this crap, number one, and more than we we think, and that's a problem.
And number two, the issue of what I call accelerated migration, where you have these, you know, people saying, okay, I'm tired of shutdowns, lockdowns, I'm tired of my kids not having in-person learning.
I'm tired of high taxes, I'm tired of you know, uh oppressive government, this and that.
And so we're gonna go, we're gonna we're almost the baby boomer retirement age anyway.
Let's let's head down uh the Carolinas.
Let's head down to Tennessee.
Florida is getting the biggest influx of any state.
Texas is getting the second biggest influx of any state.
Let's get the hell out of here.
Okay, now where are they leaving from?
They're leaving from New York, New Jersey, and Pennsylvania.
They go to the East Coast of Florida or Central Florida.
Okay, that makes each one of those states bluer.
In the Midwest, Michigan and Wisconsin and Indiana and Illinois, they're going to the West Coast of Florida and Central Florida.
That makes all of those states bluer.
That makes sense.
Yeah.
Yeah.
I I wish I I wish I had a better message.
But you know, and here's the thing about the people that have bought into the big lie of socialism, is it always ends the same way.
They're gonna we're gonna have more poverty.
All these promises will be unfulfilled, and then we will calculate and Determine how much of our freedom we lost in the process.
That has been the history of socialism, whatever name, form, manifestation it is.
And that's my fear for the country.
That's that we have a math problem now in terms of who is going to be able to get, as a Republican, as a conservative, 270 electoral votes to win the presidency.
I'm not saying it can't happen.
I am saying it's harder.
Does it make sense?
Yes, it does.
So everybody needs to think about that.
Now, with pain, you're gonna wake a lot of people up.
You know, the more painful these winters become, the more you're paying for inflation and gas, and the more illegal immigration is taking hold, and the more defunding the police and obey laws creates more crime, and the more woke schools become, people are gonna just get fed up and wake up to the fallacy of what they've been told.
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