Sean Hannity Show - Biden-Harris Economy Fading - April 30th, Hour 1

May 1, 2025 - Sean Hannity Show

33:57

Biden-Harris Economy Fading - April 30th, Hour 1

Sean looks at some of the economic numbers and shows how the road less traveled is actually starting to pay dividends!  See omnystudio.com/listener for privacy information.

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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.
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	All right.
	Thank you, Scott Shannon, and thank you for being with us.
	Right down our toll-free telephone number.
	It's 800-941 Sean if you want to be a part of the program.
	Uh a lot coming up on the show today.
	Also expect the president might be taking questions.
	He did have a cabinet meeting earlier today.
	Um, I kind of like the fact, I mean, we need to go and start researching the time that the president has given to the press and compare it to Joe Biden.
	I think I think after a hundred days, he might have surpassed the entire 40 years uh of the time that Joe Biden gave the press.
	Uh because he opens it up every day.
	I mean, it's kind of cool to see a president with his cabinet in the Roosevelt room in a meeting with the press aloud and asking questions as usual, and his availability and his time on display so people can see what he's doing.
	Um but you know, it it is amazing to watch and to listen to the Democrats.
	Let me play for you, the Democrats' meltdown about Donald Trump's first hundred days.
	Uh and just while you're listening to this, just remember the party that they have become.
	Chuck Schumer is now polling at a whopping 17%.
	You're now probably seeing the last days of Chucky.
	If AOC primaries him, she will win.
	Question is whether or not she has her eyes on running for president over being the senator from the horrific state of New York.
	It's become horrific because it's run by Democrats for decades, and they've run it into the ground.
	And I don't think Andrew Cuomo is going to change New York City.
	I mean, there are parts of New York that are still nice, but upstate New York uh never got the financial uh boost that it would it was it's certainly capable of getting had they opened up fracking.
	I mean, it's hilarious because you know, just across the border in Pennsylvania, they're fracking away right next to that border and probably taking most of New York's gas with it.
	It's so stupid on their part.
	Uh, and they just refuse to do the common sense things, and they just if you go into New York City, for example, you're paying a commuter tax.
	I think you'll be paying like 15 bucks each way.
	Just uh just for the right to go into the city.
	If if you go in in certain areas of New York City, it's it's it's crazy.
	But just remember this is the party of petulant anger, sit-ins, slogans, sing-ins, and you know, bingo paddles.
	And this is the party now led by the squad, AOC, Jasmine Crockett, Grandpa Bernie.
	This is the party that has lost its soul in any decency.
	And the only thing that they're left doing is lashing out.
	Uh, it won't stand for moms that lost their kids for wives that lost their hero husband officers or or even a 12-year-old kid that be cancer.
	Pretty unbelievable to me.
	And uh that and and they're void of ideas.
	I mean, watching this weekend, this stupid capital steps, you know, Hakeem Jeffries and and Corey Booker and the Singer.
	I mean, it's like ugly it's so cringe-inducing.
	And and they're melting down, and Donald Trump is moving at the speed of light.
	John Donald Trump made the country forget about Paul, everything else.
	This country is more safe and more secure today.
	He stopped all these illegal immigrants.
	I'll give you the numbers in a minute.
	And he's now in the process of deporting them, and Democrats are in the process of trying to prevent him from being able to deport illegal immigrants.
	And add to that, he's he's opened up energy production in this country.
	And we're ready or beginning to produce it as of yesterday.
	And give that a year or two, and let's see the impact it has on the economy.
	We'll talk about the economy in a little bit.
	And look at what the president has done as it relates to waste fraud and abuse, but that's a constitutional crisis in in so many people's minds.
	I mean, if you just if you're objective and you look at the president and what he's doing with immigration and manufacturing, he's bringing back to this country nearly $10 trillion and committed monies for manufacturing, including in the auto industry.
	He's ending indoctrination in our schools, eliminating wokeness, ending waste, fraud, abuse, corruption.
	And he's as he said yesterday, it's common sense, which by the way is not so common.
	And he wants the next generation of weaponry, including an iron dome.
	That if that's accomplished, that would go down, probably is his greatest legacy.
	Wants lower taxes.
	He wants the tax cuts permanent, no tax on tips, Social Security, or uh overtime.
	Uh he's pushing hard for low interest rates, a strong military, gas and energy.
	What are the Democrats stand for today?
	Paddles, bingo paddles?
	They stand for what the rights of illegal immigrants and championing the rights of men to play women's sports, and they think that is wrong and a crisis if we cut out waste fraud and abuse, it's insane.
	They've lost their soul, they lost their way.
	They lost as the president said last night, they lost their confidence.
	I lost I think they've they are so far gone, I don't know how they recover.
	I really don't.
	And I don't see anybody emerging that I think is outside of that box that that the Democratic Party now finds itself in, which is the radical box.
	I think the most powerful thing the president said in Michigan land last night is you know, we're standing up for Main Street against Wall Street, protecting the middle class, not the political class.
	And over time we'll see that.
	But this is how Democrats and the corrupt state-run media mob reacted.
	Let me tell you, we have a thug in charge of the United States.
	And if we don't wake up, we may not have a United States.
	I don't swear in public very long, but we have to Trump Trump Donald Trump and Elon Musk.
	And what Grant said is there are but two parties in America right now Patriots and traitors.
	This isn't hyperbole to say that we are staring the death of democracy in the eyes right now.
	I've had nothing to do with that.
	Are you supportive of these onesies?
	I'm supportive of vaccines.
	Are you supportive of these this closing?
	Donald Trump and his co-president Elon Musk and their enablers in Congress and the courts are working overtime to strip away our rights.
	When is it going to be enough?
	My voice isn't adequate.
	My efforts today are inadequate to stop what they're trying to do.
	You get your mustard hands over money.
	you must have moved the wrong i mean well we're either patriots or traitors they consider themselves the patriots here look this this hundred days in of of trump have been nothing short of historic one of the things you've you've got to understand and maybe appreciate throughout the the next you know three and three-quarter years that we have left with Donald Trump here.
	Is you're not going to see any or three and two-thirds, whatever whatever the number is, years that we have left with him.
	Uh assuming he stays healthy, assuming that you know there's not another would-be assassin out there, God forbid.
	I mean, there's been so much violent rhetoric, it's it's absolutely chilling.
	But let me tell you this this is not a president you will see often in the course of history.
	This is a president that is as bold as anybody that I've ever seen.
	The most influential, consequential, even Atlantic magazine had a pretty good line about it, uh, that we've seen in our lifetime.
	And what you are witnessing are big items that he's taking on and also trying to fulfill promises that he made on the campaign trail.
	The the bet the most success we can measure at this point is on the border.
	And you know, we can list his accomplishments, and we'll go through many of them again today.
	But you know, the the problem is you have a state-run legacy media mob that is obsessed, addicted to, and it's it has resulted in their demise in the end hating this man.
	It's 24-7 nonstop hate, rage, peddling conspiracy theories and and lies about him.
	And you know, the president slashed a record number of regulations.
	He will make the tax cuts for the middle class in this country permanent.
	He's helping American working, working Americans out with no tax on tips or overtime.
	That's a that makes a big deal in people's lives.
	He's also declared a national energy emergency, which has allowed the immediate production of more energy, including offshore drilling in the Gulf of America that started yesterday.
	Uh they celebrated the first, you know, production of this new venture.
	It's just off the coast of Louisiana, Mississippi.
	He has pulled the U.S. from job the job killing Paris Accords, you know, the Paris Accords that classify India and China as developing nations, and we pay the the the bulk of the cost, and they're the by far the biggest polluters.
	The president now I think is paved the way for America to get rich with energy by ending Biden's liquefied natural gas export ban.
	Now the cost of energy is already down all across the country.
	And I'm seeing places in the country now that under two bucks a gallon, and in my free state of Florida, it's around two hundred seventy a gallon, which is a lot lower than it used to be.
	And you know, Doge has saved saved as of now a hundred and sixty billion dollars, and they're still counting, not to mention twenty-six hostages that have been brought home.
	Uh not to mention that he is not gonna sit back and allow terrorists to control the you know uh the oceans of the world and disrupt trade in the world, and that's why he's gone after the the Hooti rebels, also for what they've been doing with Israel.
	Iran is now facing a moment of truth, and he's giving them an out, but that out is gonna be firm, and that probably will mean the dismantling of their nuclear capabilities and also American inspectors anywhere, anyplace, any time.
	Or they probably won't have nuclear facilities or refineries to make money, and uh that's gonna be on them.
	But the world can't risk uh a nuclear armed Iran.
	Now, yes, the president, it's a little painful to go through you know a disruption or a change, but you know, the choice to me is very clear.
	Either you allow what has existed for the last fifty or sixty years, and that is countries to rip us off and abuse us and put tariffs on our products and hurt our manufacturing and hurt our farmers and hurt our our cattle people and ranchers, or you just you you stand up to these countries.
	They all appear to be willing to make a deal.
	That's gonna take time.
	And the sooner these deals come through, I think the better it's gonna be for the global economy.
	Uh The president is holding China accountable.
	I mean, the amount of tariffs they put on American products, it's it's hurting America.
	It hurts American businesses.
	And meanwhile, their businesses are allowed to flourish here in this country.
	And we can go on and on and on.
	You know, then you talk about the border.
	I mean, border encounters down by nearly what, 95%.
	Encounters with Godoways down 95%.
	Migrant migrant crossings down nearly 100%.
	We went from 160,000 ice encounters a month under Biden to around 7,000 under Trump, almost zero released into the country.
	And the deportation numbers are growing.
	Over 65,000 illegal emigrants in Trump's first hundred days, and they arrested another 66,000, most of which have criminal charges for convictions, 500 for murder, 1,300 for sex offenses, 2300 gang members.
	And these are dangerous offenders, but they have champions.
	They have the whole Democratic Party establishment.
	Although there is a report out today that Hakeem Jeffries is telling them uh maybe we want to stop uh standing up for our whatever his name is, Garcia.
	Maybe, maybe, maybe this Abrego Garcia is not our top priority.
	There's a report in the New Republic that Jeffries was asked about the trips to El Salvador by Chris Van Holland and four House Democrats.
	And Jeffrey's avoided the question saying our reaction of the trips is that Donald Trump has the lowest approval rating of any president modern American history.
	Well, first of all, I don't buy any of these the mainstream media polls that were off by 10 points or seven or eight points during this past election cycle, and those are the polls they're citing, and I citing the polls that were actually correct, like McLaughlin and Rasmussen.
	I know that Trafalgar and Insider Advantage are in the field now, so we'll get a good handle on that in the days to come.
	Uh and the Democrats have been polling consistently in the 20s.
	Chuck Schumer's at 17%.
	They're gonna lecture anybody about polls, but you know, Jeffrey's disdain towards democratic trips to El Salvador, corroborated by two sources.
	So uh apparently they're realizing a Brago Garcia maybe may not be their best political strategy.
	Anyway, 800-941 Shauna's on number.
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	And I'm Carol Markowitz.
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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.
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	This is Fiasco Benghazi.
	What difference at this point does it make?
	Yeah, that's right.
	Locker up.
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	I don't know if I feel sorry for Gretchen Whitmer, or it's just he's just pathetic.
	I mean, the thing about Whitmer is, you know, remember when she showed up at the White House and didn't want her photo taken and and put something over her face.
	And you know, anyway, so the president goes to Michigan yesterday.
	One of the main reasons he went there and the main reasons that Gretchen Whitmer went to see him was to keep open uh an air base there.
	And as a matter of fact, the president unveiled new plans when he stopped at Selfridge Air National Guard base in Michigan and uh announced plans to swap out the retiring A-10 uh Warthog aircraft for the brand new F uh F-15 EX Eagle II fighter jets, uh, which is a great announcement and a great benefit for the state of Michigan.
	And then Gretchen Whitmer got called up and now is risking being you know called out by Democrats and ostracized by Democrats.
	Now, what I don't understand in all of this is this there's something very bizarre going on here.
	Because if you really think about it, all she did was advocate for her state.
	Michigan desperately needs Michigan more than any other state got hit when auto manufacturing moved overseas.
	I mean, Detroit fully lost half their population.
	Half of it.
	They were bulldozing entire neighborhoods after they tried to sell them on eBay for a dollar just to get the tax burden off their back.
	They had to consolidate services, bulldozing entire neighborhoods because the population loss was that severe.
	America's once great cities was in significant decline.
	Now there's a chance that they might be able to bring back a lot of this manufacturing thanks to President Trump.
	You would think that Whitmer would be happy.
	You would think that Whitmer wouldn't be, you know, pounded for this.
	And okay, she's there because uh she wanted this air base saved, this guard base saved, and Democrats, you know, refuse to be in the same room with Donald Trump, and she's in the same room with Donald Trump and then hides her face.
	And I think she had an opportunity to kind of educate Democrats that you're better off working with President Trump than fighting against him.
	And he actually did the wrong thing.
	And that is, you know, there's a headline on AP News.
	Whitmer risks a backlash from Democrats as she embraces Trump in Michigan.
	Well, was she supposed to not be there?
	It's pretty unbelievable.
	Now, if you listen to the media, they have they have one narrative about what's going on in a hundred days.
	And they don't want to, and the Democrats have their they they have their their scorecard, and it says it all when they keep showing up with a 20% approval rating.
	The American people have had it.
	And the president signed 142 executive orders in 142 days.
	Inflation at a manageable 2.4%, and you know, at its peak was 9.1% under Biden.
	Uh, illegal border crossings, which in what December year and or year and a half ago was what 249,000, now down to 7,181.
	In the first hundred days, border crossers allowed to stay in the U.S., there were only nine, mostly for medical reasons.
	Uh on the tariff issue, it's too early to tell for sure.
	Uh, and the president is moving at the speed of light on energy.
	He's made the say the country more safe and secure.
	I mean, it's it's really on every single issue he's laid the foundation for great success.
	The most the the quickest and most obvious is is illegal immigration.
	He secured the border and now he's removing criminal illegal immigrants in the country.
	On the economy, definitely, you know, you get an incomplete.
	No, it we're still living with the Biden Harris economy.
	And I'm gonna get into some of these numbers here in a second, but uh you can't blame him.
	I mean, the choice was either you go along with the policies of uh being abused and taken advantage of by friend and foe alike with tariffs, or you challenge the system.
	He has chose chosen the road less traveled, the harder route, and that is you know what?
	Let's let's let's fight for for better trade deals with our friends and our allies.
	And okay, so let's see what happens.
	The president on the economy, great article by Steve Moore in the New York Post today.
	He slashed all these regulations.
	Biden's regulatory assault.
	It cost the economy an additional $20,000 per family over four years.
	Trump's one one in for 10 out deregulation rule is already saving families $2,000, an estimated savings of about $180 billion a year.
	He's replacing welfare with work.
	And as Steve Moore pointed out, that's economics 101.
	You pay people not to work and then tax them for working, you reduce output and increase unemployment.
	And the labor force participation rate for March was just 62.7%, down from 66% 20 years ago.
	Trump has already started to create new rules requiring able-bodied adults to get jobs.
	He's deploying America's abundant resources, which frankly, you know, we've got hundreds and hundreds of years worth of natural gas, oil, and coal available, which can make us the ri richest country on earth.
	Why do we talk about oil rich countries all the time?
	Eliminating waste, fraud, and abuse.
	Well, Biden, he had six trillion dollars in his spending spree, pushed government outlays to 40% of our GDP.
	And meanwhile, Elon Musk has found already a whopping 160 billion in waste fraud and abuse, 350 billion in energy slush funds that can be returned to the Treasury.
	I mean, this is real money that can be used to shore up Social Security and Medicare, et cetera.
	You know, all successful issues.
	I mean, the president helped free these hostages in in Gaza.
	He helped free 26 other Americans held unfairly around the world in the time he's been president.
	And, you know, and he said that as he said last night, he's just getting started.
	Give the guy a little bit of time.
	I mean, the walls of the event center were packed, you know, and and the big a the big message is jobs in America.
	He's got what, eight, ten trillion dollars committed to manufacturing in America and not overseas as a result of his tariff threat.
	He never gets any credit for that.
	I mean, it's um it's pretty amazing to watch this.
	But don't ever expect ever the left is ever going to give him credit for anything.
	Because they're not.
	It's not in them to give him credit for anything.
	Um, on the economy, we got a lot of news in today.
	And if you listen to if you listen to the mainstream media, the doom and gloom, even they had predicted that the sky would be falling.
	And the GDP report this morning showed very slight negative economic growth, three-tenths of one percent in the first quarter, which had the Democratic media pretending that the economy is collapsing.
	Well, it's anything but especially when you look at the deeper into the numbers.
	In fact, the Democrats and their experts were actually predicting, frankly, hoping for a much bigger decline based on the doom and gloom predictions from Jerome Powell's Federal Reserve.
	But just last week, the Atlanta Fed was even telling us that the first quarter GDP would go off the cliff with a whopping 2.7% decline.
	That would be a full nine times worse than today's actual number.
	The GDP drop was actually supposed to be much worse.
	In fact, many uh components of today's GDP, when you look deeper into the numbers, were unexpectedly strong.
	Personal consumption came in at 1.21%.
	Uh that translated into an annualized personal consumption of 1.8%, which is much higher than what was expected.
	Fixed investment jumped 1.34% up from zero point uh negative 0.2%, which is the highest since the second quarter of 2023.
	Uh private inventory surged a whopping 2.25%.
	Government spending, however, declined by a quarter of a percent, which is the biggest drop since Joe Biden started boosting spending to push GDP higher in 2022.
	And finally, most importantly, net trade exports, less imports, delivered a whopping 4.83 uh hit to the final GDP number.
	This was entirely the result of soaring imports into the country.
	The government's Bureau of Economic Analysis confirmed it and said the decrease in real GDP in the first quarter primarily reflected in the increase in imports, which are a subtraction in the calculation of GDP and a decrease in government spending.
	These movements were partly offset by increases in investment, consumer spending and exports.
	Uh the underlying data shows trends under the hood that should dampen any fear of a recession.
	One of the key areas of optimism is the fact that the consumer consumer spending is up, posting a gain of one point eight percent for the first quarter, despite you know, these predictions of doom and gloom.
	It seems that there's still a little correlation between how Americans feel and how they shop and spend additionally, real final sales to private domestic purchasers, widely considered to be the engine of the economy, posted a decent gain of three percent in the first quarter, compared with an increase of two point nine percent in the fourth quarter of last year.
	And meanwhile, Wall Street Journal had a great piece chronicling the communist Chinese and and their economy, and which has started to crack under the pressure of Donald Trump's tariffs.
	Wall Street Journal, China's economy showed up, showed its first big signs of damage from the trade war as steep U.S. tariffs pummeled export orders and production at the country's factories.
	A gauge of new export orders fell in April to the lowest reading since COVID-19, which ravaged the country in 2022, while overall manufacturing activity in China was the weakest in more than a year, according to surveys published Wednesday by China's National Business Statistics Bureau of Statistics.
	The sharp pullback shows that Donald Trump's tariffs on Chinese imports are starting to squeeze the engine room of China's economy, piling pressure on Beijing to boost its stimulus efforts to shore up growth.
	It adds to pressure on President Chi to reach a deal with President Trump, though for now a clear message from Beijing is one of resolute defiance in the teeth of what it is describing as U.S. bullying.
	people that have been doing the bullying would be the communist Chinese.
	They put tariffs on pretty much everything.
	And that hurts our manufacturers.
	That hurts our farmers.
	That hurts our ranchers in this country.
	And this is pretty basic and pretty fundamental stuff here.
	By the way, Transportation Secretary Sean Duffy has vowed to yank funding for highway projects in states that give driver's licenses to illegals.
	That is the right play.
	CBS wants to make a settlement offer to end Trump's $20 billion deceptive editing lawsuit.
	The media hasn't had much to say about that lawsuit.
	That's the one with Kamala Harris to help her win the election.
	But according to the New York Times, Trump's case against CBS has got the network's parent company Paramount so worried that they've now come with a settlement figure that they hope will make the case go away.
	I guess they'll settle.
	I mean, if you compare Biden and Trump in their hundred days, there's no there is no comparison at all.
	You know, look at just the time that Donald Trump spends with the media.
	Look at the time he spends with the American people.
	Look at the amount of work that he produces on a daily basis, which makes it in many ways, and this was in the Washington Examiner today, quote President Trump at a hundred Days, the most consequential in American history.
	This is the biggest most disruptive shakeup to the swamp, the sewer, the institution of government that has been so needed for such a long period of time.
	And that is a return to the simple principles of our framers and our founders, grounded in limited government, greater freedom for you, the American people, and one that is that would restore constitutional order.
	By the way, the Wisconsin High Court has suspended the judge accused of helping that man evade ice.
	Whoopsie Daisy.
	Liberal justices control the court for three.
	They ordered that the judge Dugan is temporarily prohibited from exercising the powers of the circuit court judge in the state of Wisconsin effect of this date.
	Yeah, judges have to obey laws too.
	I know it sounds strange.
	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.
	Normally is about real conversations.
	Thoughtful, try to be funny, grounded, and no panic.
	We'll keep you informed and entertained without ruining your day.
	Join us every Tuesday and Thursday.
	Normally on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
	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 a verdict with Ted Cruz now, wherever you get your podcasts.
	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.
	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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