Sean Hannity Show - Rep. Jim Jordan - March 13th, Hour 2

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March 14, 2023 - Sean Hannity Show

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Rep. Jim Jordan - March 13th, Hour 2

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	Benghazi, the truth became a web of lies.
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	Three times a week, we do our podcast, Verdict with Ted Cruz.
	Nationwide, we have millions of listeners.
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	All right.
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	Hour two, Sean Hannity Show, 800-941.
	Sean, you want to be a part of the program?
	It's always an honor, privilege, and pleasure to welcome back to the program Ohio Congressman Jim Jordan, the chairman of the all-important House Judiciary Committee.
	How are you, sir?
	I'm fine, Sean.
	Good to be with you.
	Before we get to the important investigations that you're leading up, and they are important, what is your reaction to what's happening with these banks and this proposed bailout of Biden?
	It sounds like he doesn't want to even ask Congress for the money.
	What's your take?
	Well, we shouldn't be bailing people out who are above the FDIC, you know, guaranteed what the rules are now for $250,000 for FDIT insured.
	And I think, second, this is driven by the Biden inflation.
	I mean, this record inflation, my understanding is, and I don't tend to be an expert in finance here, but my understanding is that they had a number of treasuries.
	People started to, the treasury's at a low interest rate yield.
	And the, you know, people came to, there was people wanting to get their money out of the bank to come to take their deposits out.
	And so they had to cash in a number of these treasuries at a loss because interest rates are now so much higher than they were when they purchased them.
	They didn't have the money to cover everything.
	And so it was sort of like a run on the bank driven by the interest rate inflation that caused this situation.
	And of course, as we all know, the federal government came in and they're in receivership as a Friday afternoon.
	So the people who have something 250 or left, they should get covered, of course, because that's the rule.
	But you started covering other folks above that.
	I think that's scary to go down that road, which sounds like where President Biden wants to go.
	You absolutely nailed it.
	Certainly, Biden's economic and his energy policies caused this rapid increase in inflation, which resulted in the Fed raising interest rates somewhat 1700% in a very short period of time, in about a year.
	And you're right, this bank had invested very heavily in 10-year treasuries and mortgage-backed securities, and they had to sell them at a significant loss of money.
	Now, there were people like J.P. Morgan and other financial institutions that saw this coming because they were reading the bottom line.
	They understood that they had made a terrible investment here and that this was going to, you know, their chickens were going to come home to roost.
	What concerns me more than that is like the business insider's headline, Silicon Valley Bank implosion in a single day could be just the tip of the iceberg.
	And the Fed's prolonged period of low interest rates created many financial dislocations that are now beginning to start flaring up.
	Well, we have two other banks now that are in trouble as well.
	So I've got to imagine that there's got to be grave concern in Washington.
	And the question I have is, does Joe Biden have the ability unilaterally to make that decision and spend money?
	Because I always thought any money that is spent has to go through and get the approval of the legislative branch.
	That's Congress.
	Well, it sure does.
	And I was here my very first term in Congress was back when we had the last banking crisis, the mortgage-backed securities back in 2007, 8, long and 2 there.
	And I didn't support that bank bailout, the TARP program.
	I thought that was a mistake.
	And certainly, but that at least went through Congress.
	It had to get approval from Congress.
	I remember Hank Paulson coming and talking to Congress all the time.
	So, yeah, the way our constitutional system works is the House in particular has to start these spending measures.
	That's where the founders wanted it because it was designed to protect we the people, we the taxpayers across this great country.
	So, yeah, he can't do that.
	But this administration doesn't seem to care a whole lot about the Constitution.
	And frankly, we've seen that in a number of ways over the last several months.
	And, of course, we saw it in a big way last week in a hearing we had.
	So I'm watching the new Republican majority move at record speed in terms of investigations that were long overdue, the origins of COVID-19, the disastrous withdrawal from Afghanistan.
	Certainly, James Comer's looking into the Biden family syndicate and their financial dealings with some of our biggest geopolitical foes.
	You inside the judiciary have a number of investigations you're involved in, including whether the FBI has been politicized and the DOJ weaponized.
	I've interviewed FBI agents that are whistleblowers, and my understanding is there's a lot more to come.
	What are the status of your investigations?
	Well, yeah, I thought we had a great hearing last week in the select committee part of the judiciary where we had in two of the journalists who had written about the Twitter files.
	And I mean, just to step back and think about this for a second, Sean, last week, in a 48-hour time period, we had Tuck Schumer on the Senate floor talk and say this, and then also send a letter to Rupert Murdoch saying, Fox shouldn't air any of the footage from January 6th.
	The very next day, our committee releases a Republicans, released a report from the Judiciary Committee that says the FTC was going after a private company, asking private company Twitter who were the journalists they had contact with.
	In that correspondence, in that communication from the FTC to Twitter, they listed four journalists personally.
	Two of them testified the very next day in our committee last week.
	And in that committee hearing, Democrats asked them who their sources were.
	All that happened in a 48-hour time period.
	By the way, I have two questions regarding this.
	Number one, does Elon Musk not have a right to privacy?
	A, and B, Matt Taibbi, who is no fan of mine, even wrote a book, you know, crushing me.
	You know, he was being hammered left and right.
	Yeah, two Democrats, Matt Taibbi and Michael Schellenberger, but two Democrats who actually value the First Amendment and have now seen firsthand, personally, what the left really wants to do, which is forget the First Amendment and simply go after their political enemies.
	I mean, this is frightening stuff.
	All that happened in a 48-hour timeframe.
	And simply because these reporters were working with Twitter to expose the FBI and other federal agencies pressuring big tech to limit the information that American people got to see, and maybe most importantly, the information they got to see in the run-up to the 2020 presidential race.
	So here's what I'd like an answer to.
	So we know that the FBI had a copy of Hunter Biden's laptop in December of 2019.
	Certainly plenty of time to corroborate whether it was genuine, whether it was his or not his.
	But the FBI also was aware that Rudy Giuliani, the president's attorney at the time, also had a copy.
	So I would assume they knew at some point that this was likely going to be released publicly or at least parts of it.
	And so we have the FBI set up a group of agents, and their job is to warn people at these big tech companies about the possibility of them being victimized by foreign agents, foreign governments, of disinformation campaigns in the lead up to the 2020 election.
	Now, if you go to the case, you brought this up, and I played it on radio and TV.
	You brought up the point that in Missouri, the Twitter site integrity chief, Yoel Roth, admitted, in fact, that they were told specifically that some of the disinformation might involve Joe Biden.
	It might involve Hunter Biden.
	Isn't that true?
	Yeah.
	Yoel Roth in his sworn declaration says I met weekly with these folks from the federal government, these different agencies, DHS, FBI, different agencies.
	We met weekly.
	They told me for a year in those weekly meetings that there was likely to be A, a hack and dump operation.
	It was likely to come B in October.
	And C, it was likely to involve Hunter Biden.
	And I'm like, now, how did they know?
	I mean, because they got the time, the method, and the person.
	They got them all right.
	Now, maybe they get the time right, because as I said in committee last week, every four years we expect some October surprise.
	But they had the method and the person.
	They knew it was going to be a hack and dump.
	It was going to happen in October of 2020.
	It was going to involve Hunter Biden.
	Were they clairvoyant?
	I mean, how did they know?
	Well, the reason they know is what you just pointed out, Sean, is because they had the laptop, which they knew was authentic.
	And so they know it's out there.
	And it's likely that some point that's going to get public.
	So they could set this all up to make sure it got depressed.
	The circulation was pushed back on, and it didn't get out there.
	And then big media followed what happened with big tech, and big media didn't cover the story.
	And we know, we know, just as sure as we're talking, that had an impact on the 2020 presidential rate.
	Now, they've had the laptop of Hunter for nearly three and a half years, and there's been no action taken.
	Can you explain that to me?
	I can't.
	I cannot.
	No action from, you see nothing from DOJ, FBI.
	You see, frankly, nothing from Treasury, because, you know, as you pointed out, Chairman Comer is trying to get a hold of the suspicious activity reports, which he believes there are around 150 of those about the banking transactions that were going on with the Biden family business operation.
	So I do not know.
	Again, I think in some ways it just underscores what we've talked about for so many years now, this double standard.
	You know, we saw it with the classified documents where 91 days before the election, the midterm election, they raided President Trump's home, and then they have the same situation with Joe Biden before the election, and we don't hear anything about it until after the election.
	And yet they did it all before.
	They knew all about it before the election, which would have been fair.
	And the person apparently heading up the FBI effort to be in touch with big tech companies, did that person write a thesis that argued that Donald Trump colluded with Russia to win the 2016 election?
	Is that the guy that was in charge of this whole operation?
	Elvis Chan is his graduate degree thesis is on this very subject matter.
	Of course, he was interviewed in the case of Missouri versus Biden, where now Senator, then Attorney General Eric Schmidt was that case along with our former colleague Jeff Landry, Attorney General from the state of Louisiana.
	And you go through that deposition, you learn some, you learn the pressure.
	Now, they always say the FBI says, well, we didn't tell Twitter they had to do this and these other social media companies had to take things down.
	We just told them what was going on, and ultimately it was their decision.
	But that is BS.
	The idea that they're meeting with them weekly, we have emails where they said, we think these accounts, these tweets violate your terms of service.
	I mean, those are the kind of things they were sending to these big tech.
	And the idea that they had to make that, that they got to make the final decision just doesn't square with the pressure and the frequency with which they were meeting and asking big tech to do things.
	So let me ask this.
	We saw what happened in 2020 with Hillary Clinton, and no prosecutor would prosecute and deleted emails.
	Nothing happens to Hillary Clinton.
	We have the laptop from hell.
	They've had it for three and a half years.
	And yet I read almost on a daily basis that it is imminent that Donald Trump will be indicted in New York, likely in Georgia, and maybe somewhere else on some other issue involving, I guess, the special prosecutor.
	My question is: do you believe that's the reality?
	Is that where we're now headed in an area we've never been to before where they're going to indict a former president and a presidential candidate?
	Boy, I hope not.
	You know, but I tell you this, I never thought we'd see them raid the president's home like they did back 91 days before the midterm election, back in August of last year.
	So it's unbelievable what President Trump and his family have had to endure, this non-stop just attack on them from clear back in 2016 when he was first running.
	So all the way through Mueller and everything else, the impeachment, it peeked on the crazy phone call, which is ridiculous.
	But this is today's left.
	And if you have a left that thinks that you shouldn't follow the First Amendment, that it's okay for Democrat members of Congress to go up to ask two members in the journalism world, two accomplished members, frankly, award-winning journalists, to pressure them while they're under oath to give away their sources.
	I mean, I guess I don't know what we shouldn't be surprised at now from what we see from these folks.
	So let's hope not.
	But this is today's world.
	It seems like a fate of complete to me.
	Do you read it the same way?
	I hope not.
	But it looks like that may be the case, particularly in New York, as I saw some things last week with the grand jury and all, with that state case in New York.
	Maybe that's going to happen there.
	But again, let's hope not.
	I don't even know what the charges would be about.
	It has to do with, I guess, a non-disclosure agreement payment to Stormy Daniels.
	I think that's the case, yeah.
	Do you think that this is on purpose to prevent Donald Trump or maybe to force him out of the race?
	Oh, I think he's running.
	I don't think it matters what, I mean, it matters, but I don't think it matters in the context of whether he decides to run or not.
	He's running.
	He said he's running.
	And if there's some kind of crazy indictment that happens, I think he's still running.
	And I think the American people understand what's going on here.
	And they appreciate what he was able to do while president.
	As you and I have talked about many times, Sean, I think he accomplished more what he said he was going to get done than any president, certainly in our lifetimes, but maybe ever.
	And that's what so many people appreciate.
	I was in West Virginia the other night and talking about President Trump.
	And people all across this great country get what he did for our country and how, you know, the line I like so much because it's so true is he says they come after me.
	President Trump says he's at the rally said, they come after me because I'm fighting for you.
	And the country understands that and appreciates that attitude that we have with President Trump.
	Scary times if we politicize our justice system and weaponize it.
	And we have two standards of justice in this country.
	Pretty scary.
	And I know your committee will get to the bottom of it in spite of opposition and little cooperation.
	Jim Jordan of Ohio, we always appreciate you being with us.
	Thank you, sir.
	You too, Sean.
	Take care, brother.
	Hey there, I'm Mary Catherine Hamm.
	And I'm Carol Markowitz.
	We've been in political media for a long time.
	Long enough to know that it's gotten, well, a little insane.
	That's why we started Normally, a podcast for people who are over the hysteria and just want clarity.
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	What 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.
	It's almost a dirty word, one that connotes conspiracy theory.
	Will we ever get the truth about the Benghazi massacre?
	Bad faith, political warfare, and frankly, bullshit.
	We kill the ambassador just to cover something up.
	You put two and two together.
	Was it an overblown distraction or a sinister conspiracy?
	Benghazi is a Rosetta Stone for everything that's been going on for the last 20 years.
	I'm Leon Napok from Prologue Projects and Pushkin Industries.
	This is Fiasco, Benghazi.
	What difference at this point does it make?
	Yes, that's right.
	Lock her up.
	Listen to Fiasco, Benghazi, on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
	I'm Ben Ferguson.
	And I'm Ted Cruz.
	Three times a week, we do our podcast, Verdict with Ted Cruz.
	Nationwide, we have millions of listeners.
	Every Monday, Wednesday, and Friday, we break down the news and bring you behind the scenes inside the White House, inside the Senate, inside the United States Supreme Court.
	And we cover the stories that you're not getting anywhere else.
	We arm you with the facts to be able to know and advocate for the truth with your friends and family.
	So download Verdict with Ted Cruz Now, wherever you get your podcasts.
	Hey there, I'm Mary Catherine Hamm.
	And I'm Carol Markowitz.
	We've been in political media for a long time.
	Long enough to know that it's gotten, well, a little insane.
	That's why we started Normally, a podcast for people who are over the hysteria and just want clarity.
	We talk about the issues that actually matter to the country without panic, without yelling, and with a healthy dose of humor.
	We don't take ourselves too seriously, but we do take the truth seriously.
	So if you're into common sense, sanity, and some occasional sass.
	You're our kind of people.
	Catch new episodes of Normally every Tuesday and Thursday.
	On the iHeartRadio app, Apple Podcast, or wherever you listen.
	What 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.
	It's almost a dirty word, one that connotes conspiracy theory.
	Will we ever get the truth about the Benghazi massacre?
	Bad faith political warfare and frankly, bullshit.
	We kill the ambassador just to cover something up.
	You put two and two together.
	Was it an overblown distraction or a sinister conspiracy?
	Benghazi is a Rosetta Stone for everything that's been going on for the last 20 years.
	I'm Leon Mayfook from Prologue Projects and Pushkin Industries.
	This is Fiasco, Benghazi.
	What difference at this point does it make?
	Yes, that's right.
	Lock her up.
	Listen to Fiasco, Benghazi, on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
	I'm Ben Ferguson, and I'm Ted Cruz.
	Three times a week, we do our podcast, Verdict with Ted Cruz.
	Nationwide, we have millions of listeners.
	Every Monday, Wednesday, and Friday, we break down the news and bring you behind the scenes inside the White House, inside the Senate, inside the United States Supreme Court.
	And we cover the stories that you're not getting anywhere else.
	We arm you with the facts to be able to know and advocate for the truth with your friends and family.
	So down with Verdict with Ted Cruz Now, wherever you get your podcasts.
	All right, as we roll along, 800-941, Sean, our number, we'll get to your calls after the news at the bottom of the hour.
	You know, add to this, you know, these issues involving these banks and this promise now to pay it all back, which even the FDIC doesn't even have, they have less about half of the money to pay back.
	And then Joe Biden declaring, the taxpayers won't be on the hook for a single penny.
	Oh, great.
	And then on top of that, the $7 trillion budget, the 5% increase in income taxes, the taxes now he proposed for small business, you know, nearly doubling capital gains tax, dramatic increase in corporate taxes, taxes on unrealized capital gains.
	I mean, this is a prescription for an economic disaster.
	straight ahead.
	Sean gets the answers.
	No one else does.
	America deserves to know the truth about Congress.
	All right, 25 now until the top of the hour.
	Thanks for being with us.
	800-941-Sean, our number, if you want to be a part of the program, we'll get to your calls coming up momentarily here, but these really are tough economic times.
	This banking collapse is far deeper than the average person is telling you, and it should concern everybody on so many levels.
	And in spite of, oh, blame Trump, blame Trump, blame Trump, it's not blame Trump.
	Had they wanted to change the system, they had every opportunity to.
	And Barney Franks sits on the board of the bank and lobbied to get the exact change that they're blaming Trump for.
	You can't make that up.
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	All right, let's get to our phones.
	Drew is in Ohio.
	Drew, how are you?
	Glad you called, sir.
	What's on your mind today?
	Hey, Sean.
	Good afternoon.
	Hey, I just wanted to give you a quick shout.
	You're a great American.
	Thank you for all that you do.
	And may the Lord continue to bless you and your show.
	I just real quick shout out to Jim Jordan.
	I mean, I'm from Ohio.
	I think he's doing a great job.
	All the stuff that he's doing with weaponizing the federal government, he's telling a great story for America to wake up.
	And everything he said about the hacking leak and everything he's doing, he's just opening up our eyes, and he's just doing a great job.
	And he's making the Democrats like Miss Plaskett and Miss Garcia, I believe is her name, and Jerry Conley, they're just making them look angry and bitter.
	I think he's been doing a phenomenal job.
	He's been with us every step of the way.
	He comes on radio, as we just had, and TV as often as we ask him.
	He's just laying it all out there.
	Now, tonight we have Joe Takapina on the program.
	He's the president's attorney.
	And, you know, shockingly, it looks like it's very real that there will be indictments and an indictment handed down to Donald Trump on what would always be a simple misdemeanor case.
	Now, if that's not politicizing justice in America, I don't know what is.
	Going after one man, one company, one family, and campaigning on it, as has happened in New York, with people that have enormous amounts of powers is very chilling to me.
	I would not be surprised if Fulton County had the same results as well.
	God forbid, if your last name's Trump or if you like Trump, you're in trouble.
	Scary.
	Yeah.
	Sean, did he say that the FBI paid Twitter $3.4 million?
	3.5, I believe, is the number.
	We don't know if other big tech companies were paid.
	The timeline is very revealing.
	The FBI had Hunter's laptop in December of 2019.
	They were very aware that the president's lawyer, Rudy Giuliani, had a copy.
	They were very aware that it was likely going to leak before the 2020 election.
	This task force set up by the FBI to have weekly conversations with big tech, warning them about them possibly being victims of disinformation, that really did take place.
	And specifically, when you look at the Missouri case, when Eric Schmidt was the AG in Missouri and he's now a senator from Missouri, in that case, it's very revealing because even the Twitter site integrity head, a guy by the name of Yoel Roth, said, yeah, they specifically mentioned these disinformation campaigns may be about Joe Biden or Hunter Biden.
	Well, that sounds like they were priming big tech for what they knew would likely come out, and that is Hunter's laptop.
	And that led to the censorship campaign in the weeks leading up to the presidential election.
	Now, if that's not putting your finger on the scale of an election, I don't know what is.
	And where does that $3.4 million come from?
	No, from you, the taxpayers.
	They don't make money out of thin air.
	I mean, it was laughable today to hear that this is not going to, the taxpayers are not going to be bailing out the bank, but we're bailing out the bank.
	Oh, you guys are going to all reach into your own pocket and pay the billions of dollars to bail out these banks?
	Are you kidding?
	We're paying for that.
	It's getting old.
	It's getting old.
	Yes, it is.
	It's getting old.
	Listen, on China, Russia, Iran, you know, it's getting very worried.
	On the economy, I'm getting very worried.
	And if we don't change the course we're on, the predictable result is right there in front of us.
	You don't have to be a political scientist or an economist or a foreign policy leader to figure it out.
	All right, my friend, God bless you.
	You do have a good man and Jim Jordan.
	That we agree on for sure.
	Thomas in New York, Thomas, how are you?
	Glad you called, sir.
	Hey, Sean.
	A couple of points.
	First, on Joe Biden proposing to raise taxes on the rich.
	You never see Democrats raise taxes when they control the House, the Senate, or the presidency.
	It's only when they control two-thirds of the government.
	Here are two examples.
	Go back to 2008.
	Obama on the campaign probe promised to raise taxes on the rich.
	When he gets elected, he has the House.
	The Senate doesn't raise taxes, actually extends the Bush tax cuts.
	President Biden for two years had control of the House.
	The Senate doesn't propose to raise taxes only when the Republicans take over.
	The Republicans need to stop saying, hey, this is going to hurt the country.
	It's going to hurt a middle America.
	You know, the rich pay more than the people that don't pay more.
	What they need to do is they need to say to the Democrats, okay, why is it when you guys are in control, you don't raise taxes?
	The Democrats don't want to raise taxes.
	They want to use it as a talking point during the election that the Republicans are for the rich because when they're in control, they never raise taxes and the Republicans fall for it.
	They need to call them out on it.
	I don't see this Republican House falling for it.
	I don't see it at all.
	That is dead on arrival.
	These massive tax increases and this insane $6.9 trillion budget.
	I think it's dead on arrival.
	It's not going to happen.
	But, Sean, but my point is, when the Democrats are in control of the House, the Senate, and the presidency, they never propose to raise taxes.
	not true because they did in the last congress and and that's where the the taxes went up on on oil gas coal pensions and corporations so they successfully but but but not on individuals not on not on the Not on their rich friends.
	Not on the individuals.
	Not on the millionaires and billionaires they're talking about taxing, on individual people.
	Well, I hate to tell you, but you only have 50% of the country that even pays income tax.
	The other 50% pays next to nothing.
	And if you look at the top 1%, they pay over 70% of the bill.
	The top 10%, over 90%.
	Anyway, appreciate the call.
	800-941-Sean, our number, if you want to be a part of the program, Randy in Arkansas, you're on the Sean Hannity show.
	Glad you called.
	Hey, Sean, great to have a chance to talk to you from the free state of Arkansas.
	Thank you, my friend.
	What's going on?
	I just got a quick question for you.
	I want to know who was the judge's name or were there more than one judge for the FISA court?
	Yes, the answer is the FISA court judges are picked directly by the Chief Justice, in this case, John Roberts, and there is a term in which they serve in that capacity, and then they move on to other judges.
	How many, was there more than one with the four?
	I believe there actually was, yes.
	Well, the reason being is the guys got the people that presented this were basically getting away with stealing.
	Lying to a judge.
	Yeah.
	But the judge has got the ability to pull their butts back out on the carpet and say, hey, you lied to me.
	He's the one person that could hold these people accountable.
	Listen, actually, part of the law even goes further than that.
	Remember, the top of a FISA application says verified.
	And if you find out later, remember, like people like Comey and Rod Rosenstein and all these people that signed these FISA applications, you know, were asked by Lindsey Graham, all of them.
	Knowing what you know now, would you sign that FISA application?
	They all said no.
	But if you discover part of what you used as information or evidence turns out not to be true, you have an obligation to immediately inform the FISA court.
	Deputy FBI Director Andrew McCabe was the one that said without the dirty Russian disinformation dossier paid for by Hillary, they never would have had those FISA applications approved.
	But remember, in early October, they offered Christopher Steele a million dollars if he could verify his own dossier.
	He never collected because he couldn't verify it.
	By the end of October, they used it as the bulk of information to get the FISA warrant approved.
	So they knew that to me shows intent that they knew damn well that what they were presenting was not true or certainly not verified.
	Now we know it's unverifiable.
	Right.
	That's correct.
	But I've done kind of a little search.
	But you've got to understand the Democrats, and they have nothing to worry about.
	Well, I want to know who the judge was.
	And if you do a search, I don't think this is common knowledge.
	Who was presiding over this FISA court?
	At some point, I remember looking and talking about it.
	I just don't remember the specifics of it.
	I mean, we got really deep into the weeds in this.
	And certainly that was one thing those judges that were lied to had every ability to bring them back in court and challenge them.
	Right.
	By the way, you see, but if it's you or me or Donald Trump or somebody with the last name Trump, they would have gotten called back in.
	Right.
	Right.
	Hey, well, Sean, come to Arkansas.
	I'll take your fishing.
	We'll forget about all this politics stuff.
	Yeah, listen, there's plenty of days I wish I was in Arkansas fishing with you, my friend.
	Thank you.
	All right, quick break.
	Right back for our phones, 800-941-Sean, our number, if you want to be a part of the program.
	Steve Moore, our economic guru at the top of the hour as we continue.
	Three hours a day is all we ask on the Sean Hannity Show.
	So please join us, but just don't be late.
	Sean Hannity is on.
	All right, as we continue, let's get right back to our busy phones.
	Denny is in Iowa.
	Denny, how are you?
	Thanks for taking.
	I've listened to you for about 20 years, and I record you every night, so I appreciate what you do.
	You're a real value to our country.
	I appreciate your vote of confidence.
	I can't do it without you, and I never forget that.
	Thank you, sir.
	I'd like to talk about the unrealized tax that they brought up again.
	Unrealized capital gains tax, yes.
	Yes, and Steve Moore is a real expert on this, so I wish you would verify it with him.
	They talked about in the last couple of days how that's going to affect the stock markets and buying stocks and whatnot.
	You know, we've heard the phrase by 2030, you will own nothing, and you will like that.
	And I always wonder how are they going to do that?
	And if they apply this to personal property, this is how they're going to do it.
	And it's going to affect Democrats, Republicans, everybody in the country.
	Thank you.
	Steve was on last week.
	He's going to be on at the top of the hour, more about the banking issue.
	And just so people understand, an unrealized capital gain is an investment.
	Let's say you have 1,000 shares of McDonald's stock, and it's worth $100,000, and you bought it at $800,000, right?
	I'm sorry, $80,000.
	So the government would tax you on what the value is at the end of the tax year, and that would show a $200,000 net increase in your wealth.
	Again, capital gains.
	This is money you've already paid taxes on.
	So, but maybe by the time you sell it, it's only worth $50,000.
	Do you get your taxes back that you paid?
	And why does the government get to keep it that long?
	This is insanity.
	Yeah.
	Well, let me apply this to our personal property.
	Let's say I have a house that's worth $300,000, which is probably below the national average.
	And inflation kicks in, and all of a sudden, in one year, my house is worth 10% more.
	I have to pay personal property taxes, or I have to pay taxes on $30,000 because my house increased by $30,000.
	That would be, your math would be dead on correct, sir.
	So how many people, you said a little while ago that two-thirds of the people are living paycheck to paycheck.
	Probably half of those people own homes of some kind or another.
	How are we going to kick in another $600 a month to pay that tax?
	I'm just, I am guessing for practicality purposes, they'll probably have to remove prime residences from that requirement.
	But if you owned a second home, it probably would kick in there.
	Well, I hope so, and that's what you need to verify.
	And to carry this further, if it does apply to everything, think of it.
	Remember, there's no bill to read yet, so I can't give you an answer because I don't know for sure.
	Let's say we have a career farmer that owns 2,000 acres, which in the breadbasket of America is reasonable.
	They may be second generation, and this land is worth $10,000 an acre.
	And this increases by an inflationary 10%.
	And it's their primary residence.
	They would have to be an exemption for farmers or ranchers, or we won't have any farmers and ranchers.
	It's going to be like Yellowstone, the series that want to come in and take it, come hell or high water.
	I don't want to cut you short, but you're making great points, Denny, and you're thinking, you know, you're thinking the right way.
	You're understanding the massive impact this is going to have on our economy.
	And it's scary.
	It's just downright scary.
	We have Steve Moore at the top of the hour.
	We'll talk to him about this.
	Obviously, the banking collapse and so much more coming up.
	But you raised good points.
	Thank you.
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