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Feb. 25, 2023 - Sean Hannity Show
34:48
Economy Failing - February 24th, Hour 1

Home values and new home construction are grinding to a halt.  Personal consumption expenditures index is accelerating, and interest rates are skyrocketing.  Let's admit it... the economy is failing.See omnystudio.com/listener for privacy information.

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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.
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Listen to Fiasco Benghazi on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
All right, thank you, Scott Shannon, and thanks to all of you this Friday.
800-941-SHAWN.
If you want to be a part of the program, what a week this has been.
And like, I like would have been like the...
The person that would I want a Trump subpoena because I I is the four person.
I'd be the person like that got to swear him in, and it would have been so cool.
I would have really loved that.
I can't wait to read uh what is coming probably sometime next week.
There's going to be blistering legal documents that are sent to the judge in this case.
Uh it is not complicated.
The laws that govern the grand jury in the state of Georgia are clear.
The oath you take as a grand juror uh that you quote shall keep the deliberations of the grand jury secret.
I would love to like have you know sword him in.
I like really liked like Lindsey Graham.
He was like really nice and uh totally believable, and and Rudy Giuliani, I know like he didn't want to be there, but like then he started talking and and I saw a different side of him and everything, and all these people are gonna be indicted.
I'd be really disappointed if they're not indicted in some way.
Uh this is not gonna stand.
Uh do not discuss cases with your fellow jurors or anyone else outside the jury room.
I'd assume that would include not having ice cream parties with the prosecutors in the prosecutor's office, which apparently this grand jury had, according to the grand jury four person.
You know, you can't make this up.
What what a week this has been.
By the way, will somebody buy Donald Trump even had a pair of boots on?
I've known Donald Trump for years.
I don't remember Donald Trump ever being in boots before, but he had enough sense when he went to East Palestine.
Didn't he have boots on?
He had boots on, right?
I saw the pictures.
Mayor Pete, didn't he have dress shoes on?
Why are you wearing dress shoes?
By the way, you could barely get me in dress shoes ever.
I didn't even want to wear them for my nephew's my godson's wedding.
I didn't want to I didn't want to wear that, and I didn't want to wear that stupid tuxedo he made me wear.
Uh long story short, but I had to go.
My sister would have had my neck if I didn't show up.
And then it was the most inconvenient wedding of all time.
I mean, it took an hour and a half to get from location A to location B to location C to location D. I like people that get married in one place.
They have the ceremony, and then you go right to the bar and you get a drink.
And then you you sit down and you're pushback on that and say you like people that get married and don't invite you.
I would prefer people never invite me to a wedding.
You know, I I have no problem saying no to weddings.
I now offer money instead.
I'd rather give a big check.
I go for people.
I say you want to be, I'll give you a really big gift, and but if I don't go.
Ninety for spinety-five percent of people take the check.
You happen to be on the list of people that said, no, I'd rather you show.
And I'm like, no, I'm gonna up the amount, I'm gonna get so high if I have to.
I'm getting I'm getting out of any wedding future wedding manager.
Please.
Yeah, well, I'll just I'll buy you a house for crying out loud but I'm begging you.
Um you know I'm getting very worried about the poor people in East Palestine.
I don't trust the government.
I don't trust what they're telling the people of East Palestine.
Now we have new figures that were released by Ohio officials uh that just came out that the East Palestine train disaster has had an a far more devastating impact on local wildlife than we originally thought.
Now we did see the pictures of of dead fish.
We did see pictures of dead chickens and and I don't know if they're roosters, whatever the hell they are we did see pictures of dead foxes and we know that people were reporting that they were sick because of this controlled chemical burn.
Now the Ohio Department of Natural Resources is estimating 43,000 fish and other aquatic animals have died as a result of this train disaster you know that took three weeks for you know pothole peat to show up at anyway the Ohio Department of Natural Resources director announced that 38,22
minnows, 5,550 other aquatic animals, small fish, crayfish, amphibians were killed in a five mile span of waterway from the derailment site quote although the dead aquatic species still remain in the impact of waterways the entire the entirely uh of the impact of the aquatic life is believed to have occurred in the first 24 hours after the derailment.
Okay, I'm not buying that the water is safe.
I'm not buying that the air is safe.
You know Christie Todd Whitman told everybody the ground zero's air was safe and there are still people suffering the the impact of nine eleven related illnesses and many people in the process have died as a result of that.
I look I can speak from my own experience I knew damn well when I was broadcasting down at ground zero after nine eleven for weeks on end it was snowing.
It wasn't snowing real snow it was snowing dust and debris and I would be overlooking outside overlooking ground zero when I was doing at the time combs and it was like it was like we were sitting in a snowstorm of dust and it went on for weeks and weeks and weeks and we weren't down there for you know twelve,
fourteen hours a day in the middle of that debris without the proper masking or the proper respirators that those guys needed.
But yet they were being told it's safe.
Similarly I'm not gonna believe especially after COVID I'm not gonna believe the word of any government official when you tell me that the air is clean and the water is clean in East Palestine I don't believe it at all.
Now if there is a group of scientists that go in independently and care about the people that want to get back to their homes which by the way I'm sure all of them do I'm sure the financial burden on these families is is unprecedented and I would think that this should have immediately been declared a disaster area it wasn't but you're not going to convince me that the air and the water in East Palestine is clean right now and I'm not telling people what to do.
I am telling you I don't believe them.
You can believe the people all you want but I'm not trusting them I'm not believing them and until there is a credible independent environmental study impact study that I find believable I'm I'm not trusting what these people are saying because it's so easy it's too difficult.
They got to build housing and and temporary housing for all the residents that have been displaced in the area how far out you know are areas impacted did it go deep into Pennsylvania did it impact the water in the air in in Pennsylvania city see because it's right on the border.
We don't know I'm just sick and tired of people just you know mindlessly believing government officials.
I don't believe any of them and they've been way too slow to act and and that just pisses me off even further.
and none of it is good.
It's all bad, and I'm only telling you my audience because I want you to be prepared uh for the absolute worst here because a lot of the predictions I'm seeing and the numbers I'm seeing are downright scary.
Uh Steve Moore wrote a great piece in the New York Post.
It was there yesterday.
I mean, he's pointing out that Joe Biden has added nearly seven trillion dollars now to the debt.
And if you look at the projections by the Congressional budget office, you know, it's we're now projected to go to fifty trillion dollars in debt.
That would make us make this economy in the end unsustainable.
We got other bad news.
The Federal Reserve's preferred inflation gauge rose last month at its fastest pace since June, which is an alarming sign that price pressures remain entrenched in the U.S. economy.
That could lead the Fed to keep raising interest rates well into this year.
Uh it means that those that have been predicting a recession are more likely going to be proven right than wrong.
Uh we now have people are saving growing number of Americans are struggling to put away any money for an emergency because of high inflation and climbing interest rates.
Uh more than a third of respondents are saying that last month they have more credit card debt than emergency savings.
That's not good.
That's two-thirds of our fellow Americans.
That's unsustainable.
The U.S. housing market, I told you months and months before it happened, what was going to happen, has now seen a $2.3 trillion drop in value, which is now the biggest since 2008.
What did I say would happen?
I said eventually new home construction would come to a screeching halt.
I said that sale of pre-existing homes, that too would come to a screeching halt.
Then I said uh sale then I pointed out with interest rates, nobody's gonna nobody's gonna move.
And home values are gonna deteriorate, at least on paper, at least for now, until we get out of the economic mess that we're in.
Um by the way, if you take a federal government internship, they pay fifty, sixty thousand dollars a year for student trainees.
Can you believe that?
You know, that that's about the cost of of any professional.
The three major signs that inflation is getting worse, the pr the personal consumption expenditures price index, which is the federal government's preferred measure of inflation, accelerated again last month, rising at a higher than expected level of five point four percent.
The consumer price index increased more than expected and accelerated from last month, and the producer price index accelerated from last month and rose more than expected.
That's all bad news for the American economy.
And when it comes to debt in general, Joe Biden is this the seven trillion dollar man, and nobody's holding him accountable.
You know, how are we going to eventually pay this back?
It seems like online hiring is cooling.
The job market is beginning to cool, which by the way was something Lawrence Summers suggested might be necessary if we want to get a hold of the inflation problems that we have.
Uh the popular artificial intelligence bot called Chat GPT, they were forced to admit that global warming has flattened in recent years.
Well, maybe they can stop the impact of the economy on new Green Deal socialism, and maybe we can go back to instead of importing three million barrels of oil from Venezuela, which we're now doing because of Biden, uh maybe we can produce it domestically.
Uh but Biden inflation is here to stay.
I mean, the deficit is set to hit 1.4 trillion this year alone on top of the seven trillion.
Biden has already taken on a new debt.
Uh but all of this is is not good for the American consumer.
National debt under Joe Biden is on course to double in ten years, according to the Congressional Budget Office.
Anyway, they updated their budget and economic outlook for the decade ahead, projecting the federal budget deficit will average around two trillion a year over the next ten years.
This is why Republicans need to use the leverage they have with the majority in the House and get some type of spending Restraints on the federal government if they want the debt increased.
I would not do that and get nothing out of it.
U.S. existing home sales declined in January, a record 37% year over year.
I mean, you you can't get a worse economic report than what we have out here.
Household debt is now skyrocketed to the highest level since the 2008 financial crisis.
Americans drowning in credit card debt because of Biden inflation, and it is depleting people's savings, and now people have tapped into their 401ks and their pension plans, and they're taking a big financial tax hit as a result.
uh the biden inflation nightmare is costing retirees a full 10 percent of their savings in 2022 i I mean, none of this is sustainable.
You know, how do you feel about a $50 trillion dollar debt?
Because that's where we're headed by 2023, according to the estimates.
And Kamala Harris is claiming that Biden has reduced heating and electric bills uh when in fact electricity's up twelve percent, fuel costs are up twenty-eight percent, and natural gas is up twenty-seven percent year over year.
So none of that is true.
And now Americans, as a result, are emptying out their emergency funds and putting their, you know, putting their debt on credit cards.
Morgan Stanley is warning the stock market has entered the death zone.
If that doesn't scare you, I don't know what will.
Uh Walmart says they have a lot of trepidation about the economy.
If Walmart is struggling, let me tell you that's the place where people go when they have less money to buy things.
And if they're not going to Walmart, that's that's a sign that things are getting bad.
And then I told you about Lawrence Summers predicting that the U.S. economy is headed for a crash, a collision or a crash, depending on which words you want.
He said when the brakes don't get much traction, two things happen.
You can be moving too fast, that's the inflation pressure, or you can be setting yourself up for a collision or a crash down the road.
Both of those things, I believe are real risks in this economic environment.
And meanwhile, military families are being told by the Biden administration yet again to rely on food pantries and food stamps and sign up for government assistance.
Why don't they pay him enough money?
You have one uh one Michael Wilson, chief equity uh strategist of Morgan Stanley says U.S. stocks are in what is called a death zone and is predicting a 26% decline.
Listen, I don't play the market.
I don't advise that you play the market, but I'm telling you this information, put this in your head and realize this is real and it's gonna impact every American family over time.
So I know a lot of you have been uh inundating our calls lines for television because you know we have last call, and we've also been doing these audience shows.
Um and we had no idea that the demand for the audience shows, and it's absolutely free, uh, would be as high as it is, but it's through the roof.
Uh everyone tell me that they just it it gives a different feel to the show.
People like it better.
It's nice.
I mean, there's something to being in in the studio in New York City, all the things.
And it's free and they can see you.
Anyway, so what we did is we've set up on Hannity.com a place where you can sign up.
The tickets are absolutely free.
Uh, like next week we'll be doing them uh all five days.
Uh just go to Hannity.com and find out how you can sign up and get free tickets.
They're up to the biggest.
And it's front and center, boss.
You can't miss it.
Right in the center of the page, as soon as you get there.
Yeah, we throw footballs around.
We have a blast when we're not on the air.
We I can't, you have to be there to see what goes on off air.
Anyway, Hannity.com, if you want to come see the Hannity Show at on Fox.
We'll continue.
Get your dose of independence and liberty every weekday right here on the Sean Hannity Show.
All right, 25 to the top of the hour.
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Now, our friend Kamala Harris is back in the news, not for anything particularly good.
She comes out at the I guess this was at the White House or at some event, and you know, nobody says a nobody even claps.
And they tell people to clap, and they still don't clap.
Listen.
Please stand as she enters the room.
Hello, everybody.
You can clap.
It's okay.
There's the giggles.
I don't know where the giggles come from.
And she's obsessed.
You know what a Venn diagram is?
Uh you have no idea.
I mean, I'm sure I learned it at one point.
Well, Camel Kamala Harris is obsessed with it.
I got a montage of her obsession with it.
And what we are also saying is that if you look at, you know, I like Venn diagrams.
Okay, so if you look, I do.
So let me tell you, um, I love Venn diagrams.
I love Venn diagrams.
You know the three circles.
I love Venn diagram.
You're just cracking up, right?
Among the many things that I like.
I love Venn diagrams.
You know, the three circles.
I love Venn diagrams.
I just like just throw it into a Venn diagram.
I'll tell you everything you need to know about any issues.
I love Venn diagrams.
Let me just tell you I really just love Venn diagrams.
I love Venn diagrams.
Okay.
That's a little special.
I really do.
I love Venn diagrams.
You know that the three circles sometimes there are more.
She loves Venn diagram.
You know who loves Venn diagrams?
Oh.
Katie.
I was just saying to Katie, I would never look at the three circles and how they overlapped and what was in what box, the yada yada yada, and say, Oh, that's a Venn diagram.
I would never say that.
And she was like, What?
Yes, you would.
You would look at it and you would say that's a Venn diagram.
Like, no, I wouldn't because I'm not Kamala.
Do you know what a Venn diagram is?
She's very excited.
Yes, I was just describing it.
I was trying to be nice, but never mind.
Oh no, I wouldn't say nice.
She was excited.
Well, you got to speak into your microphone.
What exactly is a Venn diagram?
Go ahead, Katie.
What is it, girl?
Get into it.
No, no, I'm terrified.
Leave me alone.
She is like ice cream.
And why are you terrified to do that?
It's icy hot.
Wait a minute.
What is a Venn diagram?
It's a it's a grab.
It uses circles to, you know, describe whatever it is that you're trying to describe.
And obviously Kamala is a big fan of them.
And I was just trying to be nice to Linda and describe it for her.
Because I said to her, I said, never in my life.
Wait a minute.
But I look at these circles and go, oh, a Venn's on it.
You're not helping me.
What is a Venn diagram?
A Venn diagram, it uses circles and they overlap.
So for instance, if you had uh, you know, say you're trying to say what's cold or hot, right?
So you would have a list of in one circle something that was hot and another circle, it would be something that was cold.
And then when they overlap, it's whatever is both.
So for instance, like icy hot, right?
It's hot and cold, something like that.
So I was trying to be nice and obviously uh.
And I'm clearly not.
That's what that means.
I'm trying to be nice.
I I thought that was hilarious because I was like, I don't know.
As bad as this vice president is, I think she scares me more.
I really do.
Well, maybe you should put your fears and your likeness of her and all the things that you feel about her in a Venn diagram and then see where the crossover is, and then you'll know.
I really the way she speaks, it's like if she's not giggling uncontrollably, uh, she's she speaks to people like their children, like the you know, like first graders.
I've never seen anything like it.
Anyway, um, she goes on this riff and nobody wants to applause when she walks into a room.
Uh Jill Biden has spoken out and said, How many more times do we have to say Joe is running?
There's another apparently top Democrats are preparing for him not to run.
And then she came out and clarified all of this for Joe.
Isn't that something that you expect the president to do for himself, but apparently not.
Well, the president is Obama, Sean.
It's not Biden.
As we learned, yeah.
She said that, well, we'll let we'll play it for you.
This is what she said.
So today, as you all saw, just an hour or so ago, President Obama announced that pardon me, President Biden.
Whoa!
That is news.
Remember the media would get it furious if somebody accidentally said, I have freaking news.
Called Obama Osama.
Remember that would happen occasionally.
Oh, that was a that was an unforgivable offense by people.
I think you should know how helpful our audience is.
How helpful.
On this beautiful Friday that we're having.
People are texting me pictures of Venn diagrams.
They want me to understand them better.
Okay.
They are emailing me.
And Katie has just explained she's going to do a Venn diagram.
Um, maybe I should do a Venn diagram on television tonight so everybody can understand what bring Katie on.
She's going to talk about all the things she hates and loves about me because I made her do this on air and then figure out where the crossover is.
There's more hates.
By the way, people are asking if you want to come to the Hannity TV show, it's free.
Go to Hannity.com and get free tickets.
Uh people say, where do I go to get tickets?
I just told everybody, Hannity.com, you can sign up.
Um, so the House Judiciary Committee, Jim Jordan, Matt Gates, they were on TV last night, and they held a border security hearing at the border.
And there were no supporters of Biden, nobody, no Democrat on the committee decided to go and have a real hearing at the real location where the real problem exists.
You had an elated crowd inside of Yuma, Arizona City Hall.
They were cheering, you know, for Homeland Security Secretary Alejandro Mayorcis' potential impeachment.
Uh I mean, they have been lying to us.
Oh, the border secure, the border secure, the border secure, the border secure.
The border is not secure.
We know that the border is not secure.
We've known forever it's not secure.
And we know by the numbers of people, over five plus million people in two years crossing the border, you know, hundreds and hundreds of pounds of fentanyl, enough to kill every American five times over.
Uh, then we have heroin and meth and cocaine and and human trafficking at a level we've never seen before.
Um the issue of China and Russia keep coming up, and it's coming up for a reason, is that I don't think Biden has a clue except to send money, good money after bad.
Now, the more I get into the actual finances of how much the United States is paying versus all of Europe, all of Europe is paid around $30 billion.
This is Europe's conflict.
This is war in Europe.
It's not war in North America, it's not war in the United States.
Now, if Canada was invaded by Russia, we would have a geopolitical interest in helping Canada, you know, and and be in the forefront of helping them.
But you know, if you're in Europe and you're watching Vladimir Putin aggressively, you know, kill innocent men, women, and children, which anybody with a heart and soul would condemn, and it's a sovereign country.
I'm not saying it's a perfect country, but this this Ukrainian war was started by Vladimir Putin.
These are his territorial ambitions.
Uh my biggest problem is is that Joe Biden has steadfastly refused to allow uh Western European countries, not the U.S. to provide fighter jets that are necessary if they have any inclination of ever trying to win the war.
And this thing now has gone on for a year.
And the amount of money that we've pledged what we've pledged and given is now a hundred and thirty trillion dollars.
And yet we're fighting for a stalemate.
We're fighting for, you know, we're basically involving ourselves in what ultimately will be a quagmire.
You know, unless somehow Vladimir now partners, and this is a real fear that, you know, President Chi and Vladimir Putin are strengthening their alliance as well as with the Iranians, as well as with North Korea.
And one has to ask, well, you know, what is the end goal goal here?
And I understand the the human component and an imperative here, but if you're not going to fight to win the war, there's no reason to be involved financially at all.
And there's no inclination that Europe has any interest in providing the munitions to defend their continent.
And if they don't want, if they're not, if they're not going to take it seriously, why should we be paying all this money?
President Zelensky gave a qualified support Friday for China's pronouncements about the war in his country, saying Beijing's interest is not bad, might be useful in isolating Russia.
I don't think so.
I think the more likely outcome is Putin and President Qi are going to align, and President Chi will be demanding that Putin support his territorial ambitions in Taiwan, and President Chi in exchange will continue to support uh Vladimir Putin and Russia's territorial ambitions in Ukraine.
I think that is the more likely outcome.
So Zelensky telling a new at a news conference saying our task is to gather everyone to isolate the one, meaning Russia.
He says China has shown its thoughts.
I believe that the fact that China started talking about Ukraine is not bad, but the question is uh what will follow the words?
The question is, you know, in the steps and where will where this will all lead to?
China called for a ceasefire and peace talks between Ukraine and Russia in a vaguely worded proposal that they released today that analysts said is very unlikely to deliver results, and with President Xi going to visit Vladimir Putin, I don't think I don't think anything's gonna happen.
On top of that, you know, Janet Yellen is now saying that that they're gonna commit another $10 billion.
Uh the Pentagon announced a new package of long-term security assistance for Ukraine today, another two billion dollars in drones and ammunition and aid to Ukraine.
You know, M1 Abrams tanks that Biden promised Ukraine may not be sent this year at all or next year, according to defense officials.
And then we have Tony Blinken justifying reducing our own military stockpile and in helping Ukraine.
We cannot reduce our military preparedness in an effort to help Ukraine.
And then everyone's asking, well, why is Biden putting all this effort into Ukraine, but then putting handcuffs on Europe if if Europe wants to fight an air war against Russia, let them fight it.
We're not providing the jets, nor should we provide them.
So I don't think this is going anyway.
Top European Union bodies citing security.
They're now banning TikTok.
That's only going to piss off China.
China, you know, their call for peace talks, I think are rather meaningless.
You know, new sanctions that the U.S. has slapped on Russia over Ukraine doesn't mean a thing because uh Joe Biden has made it possible by giving up energy independence and being a net exporter of energy.
He's basically given a free and clear market at higher prices for Putin to get as much money as he needs to pursue whatever territorial ambitions he has.
Six countries now have joined Russia in opposing the UN resolution for peace in Ukraine.
It shouldn't surprise anybody.
Uh Belarus, North Korea, Syria, Mali, Nicaragua, all joining Russia and opposing the declaration.
You know, so 32 countries abstained from the vote.
They want no part of any of this.
In the meantime, nobody's paying attention to North Korea, test firing four cruise missiles to demonstrate their nuclear combat force according to their state media.
The U.S. is expanding their presence in Taiwan for training against the China threat.
You know, does anybody really believe Joe Biden if in fact President Qi follows through on his promise for reunification with Taiwan, does anyone really believe that Joe Biden's capable or willing to do anything at all to stop China?
Because I don't think he is.
You know, we still have no answers, by the way, uh, as it relates to the balloon.
Why was the balloon in U.S. airspace?
We don't have an answer.
Why were they tracking it beforehand but didn't shoot it down earlier?
What were the other three objects that they shot down?
And why did they shoot them down?
And why do you shoot at an object that you don't even know what it is?
One other issue involving Taiwan, the U.S. is boosting its troop deployment in Taiwan.
Uh, are you telling me that if if China invades Taiwan, that American troops are going to be fighting on the ground in Taiwan?
Is that what Joe Biden is telegraphing?
Yeah, one top defense official warning that the growth of China's Navy is dramatically outpacing America's.
I believe that.
Uh Great Britain is making economic contingency plans in case China invades Taiwan.
That's not a good sign.
That means their intelligence is telling them that this is a very strong possibility.
One top Chinese diplomat on his way to Russia is offering Russia aid and telling Biden to butt out.
Doesn't sound like they're backing off the U.S. in any way, shape, manner, or form.
But Joe Biden is assuring the country that there's no evidence that Putin would use nuclear weapons, and no evidence that she will invade Taiwan.
I don't know what I have no idea what reality he's living in, but it's not a reality that is anywhere near the truth, that's for sure.
You want smart political talk without the meltdowns?
We got you.
Now I'm Carol Markovich.
And I'm Mary Catherine Hamm.
We've been around the block in media and we're doing things differently.
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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.
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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?
Listen to Fiasco Benghazi on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
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