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July 29, 2025 - Sean Hannity Show
29:32
Economic Momentum - July 28th, Hour 3
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This is an iHeart podcast for our final news roundup and information overload.
All right.
News roundup and information overload hour.
Here's our toll free telephone number.
It's 800-941-SHAWN.
If you want to be a part of this program, I have extensively been chronicling what I believe the president has done in terms of the economy to set up what is foundationally definitely to use his words, a golden error economically.
Now, there is a lagging indicator.
And until we get rid of Jerome Powell, until we get interest rates down, sales of pre-existing homes and new home building will suffer.
I believe they are ridiculously high, but that is not stopping the president.
We have $11 trillion going up.
Howard Lutnick thinks it's up $15 trillion in committed monies for the next four years for investments in manufacturing.
A lot of this is good for our national security, but they'll bring back automobile manufacturing in this country.
Those deals have been set with multiple auto companies.
Pharmaceuticals, which we had not been producing for some time, they will now be produced in the U.S. Semiconductor chips.
You have literally hundreds of billions of dollars that will be invested in creating those chips here, vital.
Rare earths and magnets also similarly will be produced here.
The president has been rolling along with one trade deal after another.
The United Kingdom, Vietnam, the deal announced last week with Japan and Indonesia and the Philippines.
Australia now will import American beef, something they had not done since 2003.
That too is a leg to the economy that we've got to factor in.
Then you factor in the largest tax cuts in history.
It's a myth if you think that cutting taxes somehow limits the amount of money that the federal government takes in.
No, just the opposite happens.
Reagan doubled revenues in eight years.
Congress just spent too much money.
Then you factor in the cutting out waste, fraud, and abuse, which is continuing, even though Elon Musk is no longer part of Doge, but he put in place a good foundation for that to continue in every department.
Then you factor in, I think, what is incalculable, and that is the president's energy policies.
And that'll be, we can't calculate how much money that that will bring in, high-paying career jobs.
Energy is the lifeblood of the world's economy, lower energy costs, et cetera, et cetera.
Then, as part of the president's one big beautiful bill, you have this thing called bonus depreciation for manufacturers.
And what does that mean?
That means that manufacturers can deduct 100% of their building costs in a single year, which will accelerate the manufacturing facilities that they will be building out.
Again, it's going to have a ripple effect on this economy.
Now, back to the trade deals.
Trump announced the trade deal with the European Union.
Now, there are people, Eurocrats, lamenting that Donald Trump rolled Brussels in a disaster trade deal for them.
But we had been ripped off and taken advantage of and abused, frankly, for so long.
It's kind of ridiculous.
Now there's so much money coming into the Treasury as a result of all of this that it's money that nobody expected.
And the president is even considering rebate checks for every American based on the tariff revenue.
I'm not sure if I support the rebate check idea rather than paying down our debt and reducing the deficit.
Remember, June is the first time we've had a surplus in large part because of his trade policies.
Even a former MSDNC host praising Trump's political instincts and his ability to connect to the country culturally.
This is Chris Matthews.
And, you know, we just have a lot of good news when it comes to the economy.
The EU will buy $750 billion in energy, $600 billion in new investments in the U.S.
They agree to buy more U.S. military equipment on top of the money that is being sold to NATO.
Tariffs raise 15% on most EU goods.
European pharmaceuticals are not included in this.
But remember, AstraZeneca is building a facility here in America.
Steel and aluminum tariffs, they'll stay at 50%.
In exchange, Trump agreed not to raise tariffs on the EU to 30%, zero tariffs on all goods and exports to the European Union.
And all this is setting up, I think, foundationally, nothing but a great success for the American people.
Now, our friend Steve Moore, who wrote the best-selling book, Trumponomics, he's going to join us in a second inside the America First Plan to Revive Our Economy.
And he has top 10 lists, and that is which states are people and money moving to and from.
In other words, which states the most people lost the most people domestically, which states gained the most money due to domestic migration, which states lost the most money due to domestic migration.
In other words, New York, New Jersey residents, California residents are fleeing to the tune of $150 billion.
And if you look at the bottom 10 states which lost the most money domestically, well, you got New York, California, Illinois, New Jersey, Massachusetts, Maryland, Pennsylvania, Ohio, Virginia, Connecticut.
And if you look at the 10 states which lost the most people domestically, California, New York, Illinois, New Jersey, Massachusetts, they're in the top five all the time.
Then Maryland and Louisiana for some reason is in there.
That kind of surprised me.
Pennsylvania has been hurt by Democratic policies, by the way, and Michigan and Connecticut.
Anyway, Steve Moore is here to explain what it means.
But anyway, New York and New Jersey alone, residents fleeing to the tune of $140 billion.
If Momdani's elected, Stephen Moore, I think that number is going to go much higher and the mass exodus will be that much bigger.
Great to be with you, Sean.
And you are exactly right, my friend.
By the way, do you know what state, Sean, in our votewithyourfeet.com?
This is the official data from the IRS and the Census Bureau.
We didn't make up this data.
It comes from the official numbers of the government.
You know what state is just blowing away the rest of the states?
What?
Yes.
My state, Florida.
You got it, my friend.
I mean, Florida has, and by the way, this is a real testament to the great leadership of Ron DeSantis, who I think is the best governor in America.
He, in just the last 10 years, are you ready for this?
Florida has imported over $200 billion, billion with the P dollars from people from other states.
And you know where those people mostly come from, Sean.
They've come from New York.
They've come from New Jersey.
They've come from my home state of Illinois.
I'm from Chicago.
I hate to see what progressives have done to one of America's greatest cities.
And so you see this pattern of the states like Florida.
Now, right behind Florida as a big winner is Texas.
Right behind Texas is Tennessee.
By the way, Sean, do you know what Texas, Tennessee, and Florida have in common?
No state income tax.
See, I'm passing.
Linda, are you hearing this?
Do you see how smart I am?
Do you see how straight AUS is?
I'm getting straight A's.
I'm just acing my cognitive test here.
I knew you'd know these answers.
You know what the problem is?
Like, I can go on a vacation or do things for people, and they'll remind me.
I'm like, I did that?
I don't even remember.
I have a friend of mine, and I was away with them, and they had a medical emergency in the sense that they were going through IVF treatment, and the doctor says, No, you got to get here in a day.
So, I helped arrange for them to get there and get back.
And, you know, this is like eight years, 10 years ago.
And then they reminded me of it.
I'm like, I don't have any memory of that.
But if you want Reagan's record from, you know, 80 to 88, I can give it to you chapter and verse.
Does that mean I'm slipping into Joe Biden territory?
I don't know.
Yeah, I don't know.
Well, I can name every baseball player from the 1970s, but I'm not too good.
I know what I can give you the 1969 Mets lineup.
I can tell you who the pitchers were.
Ray Sadecki, Jerry Kuzman, Tom Seaver, Tug McGraw out of the bullpen, Jerry Grody, backup catcher Duffy Dyer, Ed Cranepool, Bud Harrelson, Tommy Agee, Wayne Garrett, Kaspinger, Glenn Bucker, Ernie Banks, Ron Fanto.
Well, you're a lot older than I am.
It's not my fault.
Cleon Jones, these are names that most people run swoboda.
I mean, I don't think most people know these names.
Linda's sitting there scratching her head saying, What the hell happened to the show today?
A lot of pain here because I'm a Cubs fan and what you guys did to us in 1970.
By the way, she does not even know what it means to cross the plain.
So, I mean, he's the wrong person to ever talk sports with.
This is true, and I don't deny it.
Anyway, we are.
Well, let's talk about what this means because this is important, this data that you've accumulated.
Yeah.
So, the website, by the way, can people, it's live right now, Sean.
It just went live today.
It's called votewithyourfeet.com.
You're going to have a lot of fun with this, folks.
You can click on, say, Florida and Texas.
You can click on those two states.
It'll show you the moving vans going from one state to another.
And, of course, all the, well, if you go say Florida and New York, all of the moving vans are moving out of New York into Florida, etc.
So you can pick any pair of states.
And what we're really finding is that the states that it's basically the red states.
I mean, I'm not an especially partisan person here, but the red states are just dominating the blue states.
So you look at Texas, you look at Florida, you look at some of the small states like Utah, Montana, are grabbing huge amounts of new people from California.
And by the way, California on the West Coast is such a sad story.
How do you ruin California, Sean?
I mean, it's got beautiful mountains, beautiful beaches, beautiful women, beautiful, everything in the slice of heaven.
And for the first time in American history.
If you were on a different show, that would trigger a lot of people.
You can say whatever you want on this show.
Well, I can say it on your show.
But this is a serious point.
How do you screw it?
For the first 200 years of our country, people moved into California.
This is the first time under Gavin Newsom, people are actually moving out of California.
I had a debate this weekend with somebody that swears to me that Gavin is going to be formidable.
And I said, he definitely is clever.
He's slick.
He deflects very well.
I know him really well.
And he'll spin it like a top, but he has a problem.
And the problem is his past policies and his record.
And I don't think he's going to be able to overcome that and become president, especially in the era of Trump.
Well, if you want to know how pathetic the Democratic Party is today, and it is pathetic, unfortunately, they voted against all of the policies in Washington that have created the boom that you just talked about.
I just said that I'm from Illinois.
J.D. Pritzker wants to run for president.
I mean, what a joke.
Illinois is going, it's the third worst state in America today.
And he wants to, what is he going to do?
Turn the nation into Illinois?
All right, quick break.
Welcome back, Moore, with Steve Moore, author of Trump Enomics and Economists, his numbers on the mass migration that continue in this country because of horrible policies by Democrats.
So get this.
The Washington Post had a story today, a new study that the Democratic Party is now the party of the rich.
And more than half of upper-income families defined as those earning more than $215,400 a year now vote Democratic.
Now, I have been saying this for the longest time.
The top fifth of earners went from supporting Barack Obama by a 2.5 point margin to supporting Joe Biden in 2020 by close to 15 percentage points.
Now, I have been saying that the Republican Party, especially under Trump, largest tax cuts in history, no tax on tips, no tax on overtime, no tax on Social Security, that the Republican Party, the MAGA movement, is the movement of hardworking men and women, and that the Democratic Party has become the party of woke coastal elites that are completely out of touch with mainstream America.
So in our book that you just mentioned, Trump Enomics, and by the way, our latest one is called the Trump Economic Miracle we put out a year ago.
And by the way, it has turned into a miracle.
But the really extraordinary thing is if you look under in the Biden four years, now we have all the data in.
Do you know what there was only one income group that did better under Joe Biden?
You know who that was?
The rich.
The rich.
Whereas under Trump, in his first term and so far in the first six months of his second term, the income group that's doing the best is middle-income Americans.
The Democratic Party has totally abandoned middle-class, working-class America.
That's why Trump is the working class president.
Well, I mean, I think the best is yet to come because I don't think we're feeling the full impact yet of Donald Trump's economic policies.
I mean, everybody doubted on his reciprocal trade push.
And, you know, people doubted these trade deals would come in.
I think he culminated all of this today with the announcement on the European Union deal.
I think the countries that we needed the most to do trade deals with, we got to finalize the China deal.
But I think between that and energy and tax cuts, I think we're really positioned well for an economic prosperity, the likes of which we've never seen before.
$11 to $15 trillion in commitments from countries and companies, a lot of money.
Yeah, it's just exactly what's happened, say, to Florida and states like Texas.
We're going to make all the states in this country prosper.
And look, taxes matter.
Deregulation matters.
The energy production matters.
And somebody's got to tell me.
I don't care if you're, you and I are conservative, Sean, but I don't care if you're conservative, liberal, moderate, whatever you are.
What problem do you have with Trump's policies?
They're not liberal.
They're not service.
You know what they are?
Common sense, good economics.
Good luck arguing with liberals.
I do it for a living.
It annoys me that they're so dumb.
Anyway, I appreciate you being with us.
Thank you, my friend.
Stephen Moore, we'll see you tonight.
We're going to show these graphs.
You've got to see them to see how dramatic it is.
And we'll show you tonight, Nine Eastern Hannity on Fox.
More evidence.
Democrats are in total denial and completely unhinged.
Here's Pothole Pete.
Democrats have something to learn from Zoron Marxist Mamdani.
Listen.
I was talking the other day to a Democratic member of Congress representing part of New York City who said to me, essentially what you're saying, Mamdani, in many ways, is the future.
He knew how to campaign.
He's doing everything right.
There's a lot to learn from him.
And this lawmaker said, I haven't endorsed him yet because I have a lot of Orthodox Jews in my district.
What do you make of that contradiction?
Yeah, I mean, again, it's kind of distinguishing between tactics and ideology.
And I would say, you know, he's further left than I am.
But also, I think that what he's been able to do is something that our party ought to learn from.
I think that's something our party ought to learn from.
Well, that really helped you out in the last election.
You just keep going.
I have no criticism of Democrats doubling down and supporting Mom Donny.
If that's the direction they want to go, I am perfectly fine with it.
And here's Pothole Pete saying we should be empowering communities and schools to make decision on men and women's sports.
They're just clueless.
Listen.
When President Trump says something like no boys and girls sports, which is a phrase that they use, it sounds like you're not signing on to that.
I think that chess is different from weightlifting and weightlifting is different from volleyball and middle school is different from the Olympics.
So that's exactly why I think that we shouldn't be grandstanding on this as politicians.
We should be empowering communities and organizations and schools to make the right decisions.
Empowering them, saying absolutely nothing.
All right, let's get to our busy phones.
Our friend Joe from LLJ.
Joe has been with this program since my Atlanta days, and that's from 92 to 96.
And Joe's been a good friend of the program.
Joe, how are you?
Glad you called my friend.
Sean, you're great.
Listen, you would be a great president of the United States.
I think the best for the American taxpayers and stockholders would be Sean Hun for Sean Hannity for president and Steve Moore for vice president.
Be the best ticket ever for taxpayers.
Well, what are you going to do with Linda?
I mean, they love you, Sean, down here at Sea Island.
And everybody, I've talked to several people about that ticket, and people love Hannity for president and Moore for vice president.
Well, you're not going to, Linda's not going to be happy.
What are we going to do with her?
Well, she can come to work for you when you're president.
What job should she have?
Maybe your assistant, I guess.
Joe, you can't call this show anymore because last time I was an assistant, I was in my 20s.
And I'm a little too, you know, I've advanced a bit from assistant, but thank you.
Thank you for that offer.
Thank you for that offer.
Joe, thank you.
Joey.
Joey, thank you for the offer.
We really appreciate it.
All right, Joe and LOJ, Alabama Roy next on the Sean Hannity Show.
What's up, Roy?
How are you?
Hey, I'm doing great, Sean.
Thanks for having me on.
Happy Monday.
Well, no such thing really as a happy Monday.
Let's be real.
I mean, when it's Sunday, and I'm like, oh, got to grind out another week.
And I start working and working and working.
And Linda's inbox and her text messages just blows up as sweet baby James' inbox on his text message blows up.
That means I'm working, preparing for the week.
I get it.
And I'm out here under this heat dome in Alabama just enjoying, I'm assuming, 115 heat index or something out here.
Man, I lived in Huntsville.
It does get hot, man.
It definitely gets hot there.
The beauty of Florida, if you're coastal, now I've been on the West Coast, I've been on the East Coast, is that you get that breeze from the water, which definitely helps keep the temperatures down a little bit.
Although I love the summertime here.
I love working out in the summertime.
I worked out this morning.
I mean, I was drenched by the time I finished my hour and 15-minute workout today.
Yeah, and you know, you're a better man for it because that's what it's all about.
I'm out here when the breeze blows, it feels like somebody hitting you with a hairdryer.
Oh, that's funny.
That's funny.
T real quick, you said something last Friday about your kids growing up and everything and playing video games and stuff.
It kind of touched me because that's something that I've always done with my kids.
And it's not anything spectacular.
It's Mario Party of Eight on the Wii when my kids were probably eight, nine.
I had the Wii with the kids.
They loved.
Do you ever play the tennis game and then driving games and all that stuff?
We would make time, and this was family, Thanksgiving and Christmas, where they would come in, Dad, we want to do it Friday night or whatever night.
And we would literally stay up till two, three o'clock in the morning playing these games.
And as a father, you realize, you know, it's not about what you get your kids or what you give them or buy them or do for them.
It's time.
You've got to spend time with your kids when they're sitting there just laughing and having fun with, you know, just you and them in front of a goofy little video game, laughing, spending family time.
And, you know, those are memories that you can't, you know, you just, you don't forget.
And oddly enough, this last Christmas, my oldest daughter, 24 years old, came into town and she was adamant that we picked a night that we're playing Mario Party of Eight.
And we still have that same one all these years.
I mean, it still works.
We didn't last till two or three in the morning, but we did have the family time to get together and spend time together.
It means everything.
I'm very fortunate.
My kids live close to me.
And I don't really play golf, but we all played golf yesterday.
We either go to brunch on Sunday or we'll hit some golf balls, maybe play nine or ten holes or whatever, and then we'll go get steak together.
And we just, you cannot get back that time.
If I have one regret in my life, it is when there were years when I was on the road too much.
And I mean, years that I did 65 or 70 cities.
And it's not, it was kind of mandatory at that point in my career.
If I really wanted to build the best career that I possibly can and provide for my family the best I possibly can.
But you can't get that time back.
I don't dwell on the past.
My kids will say to me today, to be honest, they didn't really notice because they were busy with their lives at the time.
But for me, I noticed it.
And then I realized I had to get off the road.
Linda remembers.
You remember that time.
I just said, I got to get off the road.
It was, I mean, I think the hardest one was when we did 19 cities in three weeks.
It was a lot.
Well, that was in 2010.
And my kids were older than that.
But I did 65 cities in 2004, I believe.
And my daughter was born in 01, so she was still pretty young.
My son, you know, is three years older.
So I think it, you know, and then when you finally get off the road, you're just tired because I was doing radio, TV, speech, book signing, event, whatever I was doing.
And I was doing one a day.
And then sometimes even on the weekends, we do three cities in a day.
Remember, we did that crazy schedule?
You weren't always on the road with us.
Sweet Baby James was on the road every day.
I was always on the road with you.
Only time I wasn't on the road with you is when you went to the Middle East.
And why is that?
Because I didn't train us with the Middle East.
I think an international incident, the odds, what would you have put the odds at a potential 10 out of 10 without question?
Without question.
10 out of 10, without question.
I am not going to comply.
It's not a thing.
Oh, boy.
Okay.
We didn't take you on that trip.
We didn't even invite you on the trip.
That is accurate.
Roy in Alabama.
Look, if I could recommend one thing, I don't care what it is you do with your kids.
It doesn't matter.
The time is what matters.
And you never get that time back.
And I don't think when we're on our deathbed that we're going to be, you know, wishing we did more stops in more cities.
You're probably going to be wishing you spent more time with the people you love.
It's really that simple.
I agree.
Yeah, but I mean, look, reality, there is a reality for people.
My parents were not around a lot when I was a kid at all.
They weren't around at all, if you really want to know the truth.
My mom was a prison guard working 16 hours a day.
And my dad, you know, my dad worked a full-time job and was a waiter part-time.
And he was gone a lot.
And I just, in many ways, it was the best thing that ever happened to me because I lived my own life.
I learned to be independent.
I had money in my pocket since my first paper out when I was eight.
I fed myself.
We didn't sit around and have family meals every night.
We had them at Thanksgiving and Christmas, and occasionally, not that often.
The fierce independence I developed and the sense of being financially independent really has served me well in my life.
And the one thing they did instill in me was a work ethic.
And if you want to be successful at anything, I don't care what it is.
You just, you have to put the work in.
You know, most of the work for this show does not happen on the air.
The on-air part's the fun part.
The on-air part's the easy part.
The on-air part, if I could take a picture and show you how many papers are in front of me right now, you wouldn't believe it.
Every day, maybe I get to 15% of that which I prepared for for the show.
Because I also want to hear from you and I want to take calls.
Roy, Alabama, hang in there, man.
Cooler weather will prevail eventually.
Sandy Ego, Cogo Radio.
What's up, Steve?
How are you?
Hey, how are you doing, Sean, calling from the great state-to-be California?
United Socialist Utopia of Gavin Newsome.
What's going on?
I've been here since 1955, and I'm going to hold this thing together the best I can.
I have a little.
I got to take issue with you.
It's a lost cause.
Don't tell me that.
I'm going to make it happen.
It's over.
You don't let anybody tell you it's a lost cause.
The lost cause.
Okay.
Well, let's get on to the real important topic.
I have a little tweak on your upcoming presidential run.
We don't have an upcoming presidential run.
This is all manufactured by Linda.
Oh, I'm going to tweak it because a lot of people are on board with Linda, which I am too.
I love her to death.
The bottom line is you have great vice presidential candidates.
We have a great bench.
You have Rubio.
You have Vance.
You have DeSantis that can run.
So while you're gone and you do two successful terms, Linda is going to do the Sean Hannity show.
Katie's going to be her producer.
And then when you get ready to come back, the seat will be warm.
You'll be ready to sit down again.
And then Linda will become the next presidential candidate for the United States.
I'm thinking if I become president, if I ever did, now that everyone keeps forcing this issue on me, even though I don't want it forced on me, I think I would do a daily radio show from the White House or wherever I happen to be.
Even if I only found an hour.
Wait a minute.
Why don't you want to do it?
Did you ever see the scene in Gladiator and Marcus Aurelius says to Maximus, Do you not accept this great honor I am bestowing on you?
When I die, I will transfer my powers to you.
So Rome will return to a republic.
Maximus, do you not accept this great honor?
With all my heart, no, he says.
And then Marcus Aurelius, and by the way, you can read the writings of Marcus Aurelius.
He was a genius, an absolute genius.
You know, for 25 years, I have known nothing but war, four years of peace, and that's it.
And he says, with all my heart, no.
And then Marcus Aurelius goes, that is why it must be you.
And Marcus Aurelius and Maximus says, well, what about your son Commodus?
What about Commodus?
Commodus is not a moral man.
And then Commodus goes on to kill Marcus Aurelius, and he becomes the Roman Emperor and gets killed by Marcus Aurelius in the great arena.
If you've not seen Gladiator, you got to watch it.
And then you'll realize I've watched it way too many times.
That was a hell of a pivot, but I think the bottom line is, you know, you're already in the spotlight.
All the things that people have to go through when they start entering the political arena, you pretty much have done over the last 30 years.
So it'd be a much easier thing for you to do.
I hate to tell you, it started in 1987.
We're like at 38 years on radio.
Whatever.
And I can't wait for them to pull out the best of Hannity from day one.
Let me tell you what.
The best of Hannity ain't got nothing on these Antifa jerks running around.
It's ridiculous.
It's like knock-knock jokes compared to these psychos.
You'll be fine.
Well, we'll see.
800-941.
Sean is on number if you want to be a part of the program.
All right, that's going to wrap things up for today.
Hannity tonight, 9 Eastern on the Fox News channel.
John Solomon breaking news.
This is a doozy.
He'll break it on Hannity tonight.
Lindsey Graham thinks we need a special prosecutor.
The one and only Senator John Kennedy.
Dave Asmond, Steve Moore on the incredible trade deals that are getting complete.
I guess that taco thing didn't work out too well for Democrats.
Jimmy Phela and much more.
Set your DVR 9 Eastern tonight.
Hannity, Fox News.
We'll see you tonight.
Back here tomorrow.
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