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Sept. 4, 2025 - Sean Hannity Show
30:24
Economic Transformation - September 3rd, Hour 3
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All right, news roundup information overload uh hour 800-941 Sean is on number if you want to be a part of the program.
Um of the lagging indicators economically is the sale of pre-existing homes and the sale uh well and and building of new homes in large part because there's nobody with common sense that's gonna give up a 30-year fixed rate mortgage at 3.
you know 3% uh in favor of a six or seven percent 30-year fixed rate mortgage, they're not gonna do it.
And interesting comments from Jerome Powell at the Fed when he said, Oh, uh, you know, Trump's policies on tariffs is not as bad as I thought.
They're actually way better than I expected.
And you would think this guy, if he's the head of the Fed would know better.
Uh, we see the price of consumer goods has been weighed down.
Uh, we see the price of energy is weighed down, which impacts the price of everything that we buy.
The lagging indicator will be sales of pre-existing homes and new home construction.
And more importantly, you know, now we're looking at even Powell himself, probably bringing up at least the first of what might be many if you listen to Jamie Diamond, uh, rate cuts uh between now and the end of his term, which is May of next year, and it would really be a shame if he doesn't cut interest rates because we are lagging way behind the rest of the world that had raised interest rates during tougher economic times.
We welcome back Steve Moore, economist, author of the bestseller, Trumponomics inside the America First Plan to revive our economy.
Tim Stewart, president of the U.S. petroleum gas uh industry to discuss all of this.
Steve Moore, you are a critic of these tariffs of President Trump.
Uh I think now you're a real believer.
Uh not only is it increasing revenues to the government, helping our debt, our deficit, etc., uh, but more importantly, uh it did not impact the economy negatively at all, and Americans now see economic growth that we haven't seen in many years.
Well, Sean, thanks for having me.
Uh by the way, I still worry about terrorists.
I'm not a big fan of terrorists, but I what I do like, Sean, is the Trump's trade deals.
And what he has so successfully done in his first seven or eight months in office has been to use these threats of terrorists to force other countries to come to the negotiating table to give America a better deal, a fairer deal, a more level playing field.
And that's true.
Just like in the last month, Sean, what he's done, how he's gotten the Canadians, uh, he's gotten the Brits.
Remember the Europeans said we'll never negotiate with Trump.
Well, guess what?
They negotiated a deal that's going to give uh bring hundreds and hundreds of billions of dollars of investment capital into the United States.
So I like the direction that's going.
I like the fact that in six months we passed that tax bill, the big beautiful bill, which is having an enormously positive impact on our businesses.
We're saving about a trillion dollars a year on regulations.
We for the first time in five years have a secure border.
I mean, I could go on and on.
How about the fact that uh triple A now says gas prices are headed to less than three dollars a gallon, Sean?
I mean, these are very positive signs for the economy.
Well, I think if you add to that, you know, over fifteen trillion dollars in manufacturing commitments from countries and companies.
Uh I think it's incalculable the impact that's gonna have on the economy.
You're right about the energy uh part of the equation, which is, you know, we're now we now have policies in place to make America energy dominant.
He did a trade deal with the European Union where they committed a trillion dollars to sp to buy energy from us and not fund Vladimir Putin's war machine.
Uh there's never been a time where we cut taxes that did not result in significant economic growth.
Donald Trump just gave us the largest tax cut in American history.
He added to it no tax on tips, no tax on overtime, no tax on Social Security, you know, all benefiting hardworking men and women and the elderly in the country.
Uh I think when you put it all together, I think you're looking at the the foundation for great economic progress, but more importantly, the manufacturing side of it, Steve.
You know, we're we're gonna start manufacturing automobiles again in the country.
And necessary pharmaceuticals, we will not be outsourcing that to foreign countries that don't often don't like us.
The same with semiconductor uh chips, the same with rare earth minerals.
We're gonna start mining again in the country.
Uh I think all of this combined a year from now, I think we're gonna be in a great position economically heading into the midterms.
Your thoughts.
Yeah, I agree with that.
I think that's uh most of the signals are very positive.
Uh you know, we are producing more oil and gas today than any other time in American history.
Did you know that, Sean?
More oil and gas than ever before in history, uh, which is an amazing statistic.
And that's why the price the prices aren't just falling by circ uh happenstance.
They're happening because of Trump's drill baby drill policies.
We're gonna see we have ten trillion dollars of precious minerals in this country.
Trump is gonna go after those.
Uh Doug Bergum's doing a great job at the Interior Department.
As I look at the you know, economic frontier ahead of us, I'm pretty super bullish.
I mean, I think Trump is pushing all the right buttons.
Uh I wish Congress would get control of government spending.
It's the one thing that kind of keeps me up at night that we're spending still spending seven trillion dollars.
Republicans tried to cut the budget by one percent, and the Democrats are like, I feel like it's maybe the end of the world and people are gonna starve to death.
So we still have a real battle to control our spending and debt.
Well, we're gonna have that battle now through the month of September.
Uh Tim Stewart, let's get your assessment on the economy now.
And foundationally, do you agree with me that the building blocks for an economic boom have been put in place?
Oh, absolutely, Sean.
You know, an industry shares the Trump administration's goal of bringing back manufacturing to the U.S. In fact, our industry, the oil and gas industry is the best example of how it can be done.
We've successfully reshored virtually all domestic oil and gas production.
Remember, 20 years ago we're talking about massive investment in infrastructure to import natural gas, and like Steve just mentioned, we're now the largest exporter of natural gas in the world.
We're going to control 25 percent of the global market next year.
So don't let anybody say that it can't be done because we've proven that it has been.
Our huge challenge is reshoring the manufacturing supply chain that goes into energy production.
The oil-filled services industry relies on a massive global supply chain for manufactured components for valves for critical minerals, et cetera.
And it's it is gonna it's a challenge in being able to uh to reshore that.
Uh with the growth of data centers, for example, energy demand skyrocketing.
We're ready to meet that demand.
You've got to get these these data centers behind the meter generating their own electricity and natural gas is the best way to do that, uh to power these data centers.
But the problem is those generators have a number number of components that are manufactured overseas.
And to be able to bring that that manufacturing capacity back here to the United States is crucial.
Best example, to be honest with you, if you want to do information overload is Washika Manufacturing Wisconsin.
Quintessential U.S. company, hundred years old manufactures engines and natural gas turbines for our industry.
About a year ago, the AI world discovered that their generators are the best power sources for data centers.
The Stargate II data center is gonna be using is gonna be powered by Voltagrid, which uses those generators, but those components are manufactured in Austria and Canada and assembled in the U.S. They're one of the few non-China built components in the world.
And so being able to give them time to reshore the manufacturing capacity, bring the jobs here, it's crucial.
But it's gonna be it's a painful process, and we're hoping to work with administration on that because it's we've got to win the AI race.
It is a national security issue, but it's gonna be powered by natural gas.
So we're happy about that.
Well, let me ask you about that because we're being told that AI is gonna take up more energy than any other industry ever in history, and that the demand is gonna be greater than ever before.
Uh why is that?
Well, again, it's uh the com the computing capacity required for an AI query versus like a Google Google query is about 10% is about 100% higher.
So uh it is it's requiring more energy and then and the day and the computing power is sucking up massive amounts of of energy and electrons.
And so the best thing to do is get them behind the grid, have them be generating their own electricity on site.
It's a fascinating Baptist and bootlegger coalition that's forming, Sean, between the the oil and gas industry and the tech bros, the crypto bros.
Never saw that coming 18 months ago.
But they realize that that we are the best and most reliable source of energy to allow them to do what they want to do.
It really is a fascinating thing to watch.
You know, Stephen Moore, why do I think energy is gonna be the biggest economic boom this country has ever seen?
Do you agree with that?
And what do you think about the manufacturing, the trillions of dollars in committed monies to manufacturing that Trump has been able to secure from countries and companies?
America has to dominate the next generation of technology, of making things and manufacturing things.
The United States has now dominated for 30 years the Internet age, and mostly because we kept the government out of the way and we created these trillion-dollar companies, almost all American.
We can do the same thing when it comes to robotics, when it comes to satellites, when it comes to artificial intelligence.
But uh, you know, you guys are right that this is going to cost it's gonna require enormous amounts of energy.
We need to fix our grid system to make sure that the electric power gets to the source.
We need to make sure that we have enough natural gas, nuclear power, uh, all of all forms of it.
I mean, I'm for all of the above.
And the good news is we have more of these resources than any other country in the world.
Sean way, we are endowed by our creator with incredible natural resources.
Let's use them to make America number one, and that's by the way, exactly what Donald Trump wants to do.
How much consideration do we need to give to the fact that artificial intelligence is now making it that certain industries, certain jobs are going to be obsolete.
For example, I know that New York City, like cities like Austin are experimenting with robotaxis that are self-driven.
Uh I know they've developed 18 wheelers that are driverless.
Uh it seems like there's going to be a lot of displacement in certain industries in terms of working.
However, getting manufacturing back online, you you're gonna need workers, you know, in you know, uh auto uh automobile manufacturing centers, pharmaceutical manufacturing centers.
Uh you're gonna need people to work in mines, and you're gonna need people to help make semiconductor chips.
It's not all gonna be robotic and AI driven.
Uh, but certainly there are industries and there are professions that are on the bubble, aren't there?
Well, there sure are Sean.
I mean, you and I have talked about the uh this company LightSpeed that uh is going to build houses with robots, and uh you're looking at uh you mentioned uh the new technology that are already in place.
You know, DoorDash and a lot of these food service companies that are now using essentially these little carts that I don't know if you've seen them, Sean, where they these like little boxes they roll down the street and they drop off a little package right at your right in front of your house.
I mean, the this technological boom is happening.
It is gonna make us richer.
It is going to change the way we work.
Um probably to 15 years from now, most trucks will be automated, so we'll have fewer truck drivers, but we'll do other things.
We've lived through this before.
A hundred years ago, 30 out of 100 Americans uh grew food food and worked in agriculture.
Now two out of a hundred do.
So the way we work will change.
We better make sure, Sean, that we are doing something about our schools.
So when we graduate kids from high school and college, they're the smartest people out there because the most important muscle is the one right between your ears.
You know, what do you think, Tim?
Is America ready for the transformation that's likely coming?
Oh, absolutely.
You know, AI, for example, we've got we've got frack crews that are sitting in Houston running frack jobs in Oklahoma using AI.
Sean, an interesting thing for our industry, we've got AI that has been written, which has cut 95% of the permitting process down.
The jobs that are gonna be eliminated are not the industry jobs, but the bureaucrats' jobs.
And frankly, that's gonna be really fun to watch.
All right, quick break, right back more with economists Steve Moore and Tim Stewart on the other side.
We'll get to your calls as well.
800-941-SEAN, our number if you want to be a part of the program.
Music Alerting you to all the ways the government wants to butt into your life.
This is the Sean Hannity Show.
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We continue now to talk about the economic transformation that is going on in the country and the impact of AI.
We continue with Steve Moore and Tim Stewart.
Well, let me ask you this, because I read an article and it said the next generation of millionaires are going to be tradesmen.
Do you agree with that?
Uh you can't replace them, although Steve Moore just mentioned a company where you know you'll put in the plans for a new home and it'll get framed out by robots.
That's you know, that would take away a lot of construction jobs.
Correct.
But it's also that's one thing to do some framing.
It's another thing to be working on the deck of a of an oil rig where you've got to have that human interaction.
I don't never see robots doing that.
Uh uh, there's so much human calculation that needs to be made right at the very the second that it's being being being made.
So we're we're pretty sure pretty secure in our industry in our industry jobs.
We're looking for we actually really look forward to the future.
We're very optimistic.
Steve Moore, the last word.
No question about it.
And then we is so critical that America be the leader in all these industries.
And finally, finally, finally, we have a president who does put America first, who knows something about business, who knows how to meet meet a payroll.
It makes a big difference, doesn't it, Sean?
I mean, Joe Biden, for better or worse, he knew nothing about business.
I don't think he ever worked in business uh his whole life.
And so this is a guy, you know him well, I know him well.
He every moment he's in the Oval Office, he's thinking about how we're gonna make America number one.
I just want Americans not to get hurt as we make this transition, and I think there's a way to prevent that from happening.
Anyway, Steve Moore, appreciate you.
Tim Stewart, appreciate you as well.
Thank you.
800-941 Sean is a number if you want to be a part of the program.
Um I didn't get to this yesterday.
We got to it on TV last night, and Department of Homeland Security uh secretary, former governor, Christy Gnome, was on CBS News Sunday morning show, whatever the show that is.
I guess is it Margaret Brennan that does that show?
Nobody watches these shows anymore.
I mean, the the day and time where these shows were impactful, like when Tim Russert was the host to Meet the Press, they they're long gone.
Anyway, you watch Marco Rivio go on, either MBC or CBS.
I mean, he just eviscerates you know the host because they they don't know anything.
And he does not take their crap.
Anyway, Christy Nome goes on.
She's asked about Kilmar or Brago Garcia, and she gives a long answer.
First, let's play the edited answer.
Listen.
If he broke the law in this country, as the administration alleges, shouldn't he be held here and face charges here instead of being deported?
Well, prosecution decisions are always made by the Department of Justice and and Pam Bart Fondi's department, so we will let them do that.
Although this individual does have criminal charges pending, he has uh charges pending against him civilly as well.
And the one thing that we will continue to do is to make sure that he doesn't walk free in the United States of America.
But I heard you say they were going to let the Justice Department do that.
Does this mean that does that mean the push to deport him to Uganda's off?
Oh, we will still continue to pursue all options.
All right.
Now let's hear the full answer.
I think that somebody on Secretary Gnome's uh staff was filming the entire episode being taped.
Listen.
If he broke the law in this country, as the administration alleges, shouldn't he be held here and face charges here instead of being deported?
Well, prosecution decisions are always made by the Department of Justice and and Pam Bar Fondi's department.
So we will let them do that.
Although this individual does have criminal charges pending.
He has uh charges pending against him civilly as well.
And the one thing that we will continue to do is to make sure that he doesn't walk free in the United States of America.
This individual was a known human smuggler, uh MS 13 gang member, an individual who is a wife beater and someone who was um so perverted that he solicited a nude photos from minors, and even his fellow human traffickers told him to knock it off.
He was so sick in what he was doing and how he was treating small children.
So uh he needs to never be in the United States of America, and our administration is making sure we're doing all that we can to bring him to justice.
Wow.
What a difference context makes.
Linda, do you remember when 60 Minutes was trying during Trump's first term very hard uh to do a feature on me?
I do.
Okay, and it was Leslie Stahl at the time.
She even went to the president of the of our country and said, Can you ask your friend Sean Hannity to do an interview for 60 minutes?
True or false.
This is true.
And other top administration officials at the time, true or false.
This is also true.
Okay, and what did I say?
I said I would do it with one condition.
It's gotta be live to tape.
No edit, no narrative around the interview, a straight interview, and what did they say?
Hell to the knoll.
Hell no.
And this is what edited fake news is.
I look, I went through this with uh Ted Koppel.
I'm Ted Cappoon.
This is Nightline, America, hell hostage.
And you know, Ted Coppel, well, I think we even have the do we still have the tape of that?
I can look it up, but yeah.
Do you have it?
We have to be interesting to the American people that they're somewhat intelligent and that they know the difference between an opinion show and a news show.
Yeah.
You know, you're cynical.
Look at that.
Yeah, I am cynical because uh, you know, you think we're bad for America?
You think I'm bad for America.
Yeah.
You do.
In the in the long haul, I think you and all these opinion shows Ted.
No, you know why sad because you're very good at what you do, and because you have you have attracted a significantly more information.
Let me finish the sentence.
With all the research, you yes.
You have you have attracted people who are determined that ideology is more important than facts.
Wrong.
Now, here's the problem.
In the interview that aired, they stopped it there.
I had a killer answer.
And it was a checkmate kind of answer.
I mean, if we live in America and we believe in freedom of speech, as we do, and somebody has a show and you give opinion and you're honest that you're an opinion show.
Uh we do new.
I've explained my job many, many times.
I'm a member of the press.
We do straight news.
I can produce thousands of hours of coverage on radio and TV, and I can produce thousands of hours of investigative reporting on TV and radio.
And I also am a commentator.
I'm a conservative, I'm up front about it.
I'm not hiding any of that.
Uh, we talk about culture, we talk about sports, we're like an entire newspaper.
And he pretend or was pretending during his career that he was an objective journalist.
He was not.
That's edited fake news.
And unfortunately, you know, that's what 60 minutes would do.
And that's why I, you know, most people would say, oh my gosh, 60 minutes.
Yeah, I'm gonna do 60 minutes.
I didn't care it was 60 minutes.
I didn't care.
It didn't mean that much to me.
It wasn't that impressive to me.
You know, overall, I reach more people daily on this radio show than they were reaching at at the height of their their ratings error.
I mean, they still do, you know, moderately well, nothing like what they used to do, nothing like back in the day.
And they have become radically left and they consider themselves to be journalists, hopefully under new ownership.
Maybe that'll change.
I don't know.
But I refuse to do it.
But Sean, think about it even with Kamala Harris.
I mean, when Kamala Harris went on CBS 60 Minutes, they deceitfully edited, but in this case, they didn't do it to change to make her look worse.
They did it to make her look better because she's so dumb on her own.
They couldn't leave it.
I mean, her answers, first of all, she could really couldn't speak in general.
But at the end of the day, this particular answer that she was giving, whether it was about the border or Israel, they literally took answers she gave to one question and moved it to another part of the interview.
But it seems that uh Prime Minister Netanyahu is not listening.
Well, Bill, the work that we have done has resulted in a number of movements in that region by Israel that were very much prompted by or a result of uh many things, including our advocacy for what needs to happen in the region.
But it seems that uh Prime Minister Netanyahu is not listening.
We are not going to stop pursuing what is necessary for the United States to be clear about where we stand on the need for this war to end.
I mean, what a difference.
That is edited fake news.
All right, let's get to our phones.
Um let us say uh hello to Frank in California, Gavin Newsom, uh, the United Socialist Utopia of California.
Uh, what's up, Frank?
How are you?
Glad you called, sir.
Yes, uh, I've called you before, Sean.
Uh yes, and I'm out in the communist land of Gavin Greesom.
And uh last time I talked to you, uh, we had a dueling battle on who did the better Ronald Reagan, and of course I won.
But anyway, what I called for was to uh it's very cocky of you, but I'm okay with that.
I like that.
So I called to tell you about or to talk about the bear of Chicago.
Uh and I think it it almost seems like he wants people to be killed.
Uh you know, that he he hates Trump that much.
And I I I was telling your screener that uh it reminds me of the scene in Jaws where the uh police chief is asking the mayor to sign the voucher to get Quint to kill the shark because he's the mayor of Shark City and he doesn't want to do it.
But he said the people think you want the sharks to eat people, kill people.
And it almost seems like that's what they want.
They don't want any help.
They they would rather see more people get murdered.
Rat rather than help the people in their city in their state, they prefer to hate Trump more.
That's what it really boils down to.
And it's sad.
I mean, the fact that on my television show, we have scrolled the names of people shot and shot and killed since Barack Obama became president of our country, and they haven't lifted a finger to fix anything in Chicago.
They haven't.
They don't care.
And you know, for for a party that claims that black lives matter and all lives matter, uh, they don't care.
I mean, you know, J.B. Pritzker, you know, walking with a reporter, and we showed it last night, and just casually say, well, you know, violence is common in big cities.
Uh, unless they can politicize something, a shooting, or weaponize a shooting politically, they have no interest in the fact that an innocent human being has died, and and dying with them is all the potential that God put in them.
And that is the frustrating part.
Deaths like this are preventable if you have proper policing.
I'm not saying every death, but many of them.
We've proven that in our nation's capital.
We have a forty-eight percent decline in violent crime in DC since Donald Trump reinforced law enforcement, and even the the very liberal mayor of DC, Muriel Bowser Is now praising Donald Trump.
And we could do the same thing in Chicago, the same thing in New York, the same thing in LA, the same thing in San Francisco.
We can get these cities back under control.
We can stop crime.
We can get rid of homeless encampments.
We could, you know, improve the quality of life of people.
We can make the city safer, and they choose not to do so.
And that's on them.
And this is one of the reasons why I think that the midterm elections, if all of you participate, we can defy history, and the president can hold the House and the Senate, and we can prevent the country from living through one impeachment after another, because that's all they care about.
Anyway, I appreciate the call.
Frank, California, Sean in Mississippi next.
Uh, you're on the Sean Hannity show.
Hi.
Hey, Mr. Hannity.
How are you, sir?
I'm good, sir.
What's going on?
I'm a longtime listener.
I was born and raised in Illinois, and I left Illinois about a little over 20 years ago.
And I think that they need to set their hate aside for President Trump and thank that man for helping them with the violence.
Well, they should, but they're not gonna, you know that.
I mean, they hate Trump for doing it.
I mean, look, I I give credit to Muriel Bowser for praising the president, recognizing the fact that the city is safer.
But if you look at the city council, other politicians, Democrats, they all hate the fact that Trump is doing it.
You know, we're coming up on a 30-day window where for the president to continue, he would need either legislation or authorization from Congress.
I don't believe Democrats are gonna vote for it.
Probably not.
I I agree with you.
And I got I got a question for you, and then another comment if you don't mind, sir.
I would quick you because I'm a truck driver.
What burner would you recommend that I use being a truck driver?
Uh I like the CL because it's really which is the launcher, and the it's the smallest one to date, is very, very powerful.
It's very effective.
You can conceal carry, you won't be noticed doing it, and it just works.
It's it's you can hit a target 50, 60 feet away if you need to.
Okay.
And then one more thing about yesterday, about you saying the metal detectors in schools.
I agree with you.
We got them in courthouses, and there ain't no shootings in courthouses.
Oh, I mean, I got uh uh, you know, ex I got beaten up pretty bad by the liberal media for daring to say that and taking on Gavin Newsom.
I'm like, oh, I'm sorry.
Trump is the original, and Gavin is a make pretend Trump troller, part-time governor, full-time tweety bird, and full-time podcaster.
And he's doing nothing for his state that is worthwhile.
But I got beaten up for pointing that out.
Pretty amazing.
Anyway, appreciate the call, my friend.
God bless you.
Drive safe on the road.
Thank you for what you do.
That's gonna wrap things up for today.
Peter Ducey reporting from the White House today.
We'll check in with Stephen Miller, Ted Cruz, Jim Jordan, Guy Benson.
Set your DVR, Hannity tonight, nine Eastern on Fox.
We'll see you tonight back here tomorrow.
Thank you for making this show possible.
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