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Lies To Look For In The State Of The Union · The Ben Ferguson Podcast

0:00
Speaker 1: Let's do a preview of the state of the Union
0:02
Speaker 1: and how to actually watch this thing. There are going
0:05
Speaker 1: to be some big lies tonight, and we can pretty
0:08
Speaker 1: much predict what they're going to be because they've been
0:10
Speaker 1: rolling these out there. So we're gonna start at the
0:12
Speaker 1: top of the list. Top of the list is going
0:15
Speaker 1: to be the issue of inflation. Joe Biden is going
0:19
Speaker 1: to try to sell you tonight that he actually inherited inflation.
0:23
Speaker 1: That will be part of this Day of the Union.
0:26
Speaker 1: So is that true or is it false? Let's fact
0:31
Speaker 1: check it. I want to take you back to the
0:33
Speaker 1: middle of July of last year when things we're really
0:37
Speaker 1: getting out of control with inflation. Now that inflation is
0:40
Speaker 1: kind of set in and things are still bad, Americans
0:45
Speaker 1: have been feeling the heat of what I refer to
0:47
Speaker 1: as Biden inflation. Prices increase from June twenty twenty one
0:53
Speaker 1: to June twenty twenty two by nine point one percent.
0:57
Speaker 1: That is not inherited from Donald Trump. And this is
0:59
Speaker 1: the reason why I'm going back to June and July
1:01
Speaker 1: so you understand how much of this inflation was caused
1:04
Speaker 1: by the President of the United States of America. Last
1:08
Speaker 1: June's prices were already five point four percent higher than
1:12
Speaker 1: the year before that it went again. Joe Biden was
1:15
Speaker 1: the President of the United States of America, so not
1:18
Speaker 1: only a year over year did inflation skyrocket, but month
1:21
Speaker 1: over month it was skyrocketing during his administration. There was
1:26
Speaker 1: a year under Biden of soaring prices that have destroyed
1:30
Speaker 1: families budgets and force them to make tough choices. In
1:34
Speaker 1: a recent survey, nearly seventy percent of Americans said they're
1:39
Speaker 1: having to dip into savings to make ends meet. They
1:43
Speaker 1: said the financial strain is particularly acute for low income households,
1:48
Speaker 1: and the newest data yet President Biden is refusing to
1:52
Speaker 1: accept responsibility for the role the Democrats two trillion dollars
1:58
Speaker 1: spending spree right when he got into office, saying it
2:01
Speaker 1: was in the name of COVID and the American Recovery Act,
2:05
Speaker 1: right was what kicked inflation into a steep climb. He
2:10
Speaker 1: also has chided those who were begging him to pump
2:15
Speaker 1: the brakes on another round of reckless spending when they
2:18
Speaker 1: was said when they went through that second round of
2:21
Speaker 1: trillion dollars spending, he said, quote, we're changing people's lives.
2:25
Speaker 1: And that's true, not for the better, but for the worse.
2:28
Speaker 1: Americans across the country comparing their monthly expenses to their
2:33
Speaker 1: bills from this time last year will confirm to you
2:38
Speaker 1: that this bold pronouncement is in fact true. What is up. Rent, food, gasoline, electricity,
2:46
Speaker 1: and everything else costs far more today. There's no disputing it.
2:51
Speaker 1: Biden inflation is, to quote the present, changing americans lives.
2:56
Speaker 1: Let me just tell you how it looks around the country,
2:59
Speaker 1: because this is going to be a local issue for
3:02
Speaker 1: many Americans. If you live in Georgia, for example, right now,
3:07
Speaker 1: a couple in Georgia needs one hundred and sixty one
3:10
Speaker 1: dollars more per month just for gasoline because of Joe
3:14
Speaker 1: Biden's policies canceling the Keystone Pipeline and many other things.
3:19
Speaker 1: A retired couple in New England, for example, needs twenty
3:24
Speaker 1: seven dollars more a month just for electricity alone. If
3:27
Speaker 1: you're in a fixed income, that's real money. Young professionals,
3:31
Speaker 1: for example, in Phoenix, need two hundred and fifty eight
3:35
Speaker 1: dollars more a month just to cover the increase and
3:39
Speaker 1: rent since Biden has become president. And if you are
3:43
Speaker 1: a parent of three in the US, you're gonna need
3:47
Speaker 1: at least two hundred and seventy dollars more per month
3:50
Speaker 1: to feed your family. And that's not including what it
3:53
Speaker 1: costs to eat out right now. So as bidenflation changing
3:57
Speaker 1: people's lives, you better believe it is the President taking
4:00
Speaker 1: responsibility for it. Let's go back to February the third,
4:04
Speaker 1: when he talked about jobs for Americans. This is what
4:07
Speaker 1: the President had to say to you. Take any president,
4:13
Speaker 1: I'm taking blame for inflation. No, why not? Because it
4:16
Speaker 1: was already there when I got here. Man, Remember what
4:18
Speaker 1: the economy was like when I got here. Jobs were hemorrhage,
4:23
Speaker 1: inflation was rising. We weren't manufacturing and damping here. We
4:27
Speaker 1: were in real economic difficulty. That's why I don't so
4:31
Speaker 1: everything that the President just said, they're a lie, making
4:34
Speaker 1: it up. And notice how he said thank you, and
4:35
Speaker 1: then he walked out and didn't allow for any follow
4:38
Speaker 1: up questions on the lie that he just told. Tim Scott.
4:42
Speaker 1: Talking about Biden's stay of the Union, he said, it's
4:45
Speaker 1: time for the president to include an apology for not
4:48
Speaker 1: just record breaking crime, but also inflation and the crisis
4:52
Speaker 1: at the border. I think you'll hear a lot of
4:54
Speaker 1: glossing over of the real issues that the American people
4:57
Speaker 1: are suffering through. If we were going to hear some
5:00
Speaker 1: thing authentic from the President Biden, it would be American people.
5:04
Speaker 1: I'm sorry, I apologize for a record breaking crime, record
5:07
Speaker 1: breaking inflation, and record breaking border crossings. What I anticipate, however,
5:13
Speaker 1: is he will talk about nothing for as long as
5:15
Speaker 1: himily possible and stop talking. What do the American people deserve.
5:20
Speaker 1: They deserve to be inspired, they deserve to be encouraged.
5:24
Speaker 1: I agree with that. Biden, however, saying back in January,
5:28
Speaker 1: costs are coming down with a big billboard behind him.
5:31
Speaker 1: Of that, here's what he said about inflation, and of
5:34
Speaker 1: course he didn't cause even though he actually did. And
5:37
Speaker 1: as inflation is coming down, take home pay for workers
5:41
Speaker 1: is going up. Workers' wages are higher now than they
5:44
Speaker 1: were seven months ago, adjustice for inflation. By the way,
5:48
Speaker 1: talk to the average American worker. They'll also tell you
5:50
Speaker 1: that what the President just said, there is also a
5:52
Speaker 1: lie center Coons talking about the Inflation Reduction Act, investing
5:59
Speaker 1: in clean energy and will benefit the whole world. That
6:02
Speaker 1: was at the World Economic Forum, as they were trying
6:05
Speaker 1: to sell you on the Inflation Reduction Act when we
6:09
Speaker 1: all knew what was really in it, more than fifty
6:10
Speaker 1: percent of spending debt with green and alternative energy. At
6:14
Speaker 1: the World Economic Forum, Chris Coons told the truth about
6:17
Speaker 1: inflation in the presence demise of this country. Chris cons Senator,
6:25
Speaker 1: we know the US is still the largest economy of
6:29
Speaker 1: the world. What you're hearing also, Managing Director of IMF,
6:33
Speaker 1: is saying here that a bit of near shoring to
6:38
Speaker 1: avoid this notion of just in time and a little
6:44
Speaker 1: bit more just in case, building a little bit resilience
6:48
Speaker 1: is fine. But if we go too much into this
6:53
Speaker 1: notion of friend shoring or more protectionist measures, if you
6:56
Speaker 1: can shave off a lot of growth, globe, boy, we
7:01
Speaker 1: know that there is there is a new house. There
7:06
Speaker 1: is also partially a new Senate. How far will the
7:12
Speaker 1: US go in front shoring making sure that things goes
7:16
Speaker 1: to Mexico and countries that you're allied? Would do you
7:21
Speaker 1: see the point of the IMF Managing director, And how
7:25
Speaker 1: will the US balance this to make sure that we
7:28
Speaker 1: also will have growth in the earths to come, and
7:29
Speaker 1: this will be a various shallow recession of a recession
7:32
Speaker 1: at all. Look, thank you, thank you for your comments
7:35
Speaker 1: and the opportunity. I do think that American leaders and
7:38
Speaker 1: business leaders in particular recognize that the severe disruptions of
7:43
Speaker 1: the pandemic and some of the challenges of the reach
7:47
Speaker 1: and the scope of globalization that have caused a backlash
7:51
Speaker 1: in many of our countries, a populist backlash, certainly in
7:54
Speaker 1: the United States, need to be addressed. One of the
7:56
Speaker 1: ways to deal with some of our challenges in terms
8:00
Speaker 1: of the hemisphere and migration also is to do some
8:02
Speaker 1: near shoring to improve the job opportunities in Central America,
8:07
Speaker 1: for example. But I don't think it will be as
8:10
Speaker 1: robust as potentially projected. I do think that we will
8:14
Speaker 1: continue to have an open economy, to be committed to
8:18
Speaker 1: free trade and to see the robust value that globalization
8:22
Speaker 1: has brought to the world as well as to many
8:24
Speaker 1: of our people. Isn't that nice globalization to the world
8:28
Speaker 1: and the Clean Energy Act will benefit the whole world.
8:32
Speaker 1: So we're passing a inflation reduction Act that really isn't
8:36
Speaker 1: dealing with inflation. We lied to you to get it passed,
8:40
Speaker 1: and now we're telling you that it's for the good
8:43
Speaker 1: of the whole world that we did this would create green,
8:47
Speaker 1: clean alternative energy. Now after they pass this is when
8:51
Speaker 1: they tell you the truth. At the World Economic Forum,
8:55
Speaker 1: Chris Coon's one of the top GUIDs in the Democratic
8:57
Speaker 1: Party being honest about this. So when you hear the
9:00
Speaker 1: present tonight say oh, I'm the one, right, I'm the one.
9:08
Speaker 1: I'm the guy who who you know is saving you
9:11
Speaker 1: from inflation, when the reality is Inflation Reduction Act is
9:16
Speaker 1: a lie and he caused inflation. Know that he's lying
9:20
Speaker 1: to you, and hear the facts. Why lie Number two
9:23
Speaker 1: that Joe Biden's going to tell you tonight is that
9:26
Speaker 1: real wages are actually up. That is also a lie.
9:30
Speaker 1: How do we know that? Well, Number one, let's go
9:34
Speaker 1: back to the issue of inflation. Inflation was at one
9:37
Speaker 1: point four percent when Biden took office on January the twentieth,
9:41
Speaker 1: twenty twenty one. The number, I'll say it again, one
9:45
Speaker 1: point four percent. Yes, wages have gone up. I'm a
9:49
Speaker 1: small business owner. I understand that wages have gone up
9:52
Speaker 1: for some, but real wages are actually lower today than
9:56
Speaker 1: they were in December of twenty nineteen for all most
10:00
Speaker 1: every single industry. How do we know that. Well, let's
10:04
Speaker 1: talk again. Let's talk about the data. You look at
10:08
Speaker 1: the wages now and you see the wages that we
10:12
Speaker 1: have in this country right now. If you go category
10:16
Speaker 1: by category, industry by industry, what you will notice is
10:22
Speaker 1: at the jobs right now in this country across the board,
10:27
Speaker 1: no matter what your quote, increase in pay is. Inflation
10:30
Speaker 1: is eating up. Let's look at those goods in producing
10:36
Speaker 1: grow since the growth since twenty nineteen has actually been
10:41
Speaker 1: at negative one percent, what is normal growth in that
10:44
Speaker 1: industry and wages three point eight percent? So what does
10:48
Speaker 1: that mean? Well, if you look at the difference from
10:51
Speaker 1: pre pandemic trend, it gets even worse. The normal would
10:55
Speaker 1: be two point one percent increase, and goods in producing
10:59
Speaker 1: salaries it is actually down six point six percent. Construction
11:03
Speaker 1: difference from pre pandemic trend down seven point two percent.
11:06
Speaker 1: In your buying power, manufacturing down six point one percent,
11:10
Speaker 1: Private services provided down four point seven percent in that category,
11:14
Speaker 1: trade transportation utilities down four point seven percent, hostale trade
11:19
Speaker 1: down three point eight percent, retail trade three point one percent.
11:23
Speaker 1: But this is when it gets even worse. Transportation warehousing
11:27
Speaker 1: is down nine point one percent compared to what it
11:29
Speaker 1: costs you in that industry. Utilities not eight point one percent, down,
11:34
Speaker 1: information technologies five point six percent, down, financial activities five
11:39
Speaker 1: point three percent down, professional and business services down five
11:43
Speaker 1: point four percent, and education and health services down four
11:46
Speaker 1: point four percent. What does this mean, Well, overall, if
11:50
Speaker 1: you look at any other services, the average is down
11:53
Speaker 1: five percent and real buying power since this guy became president,
11:59
Speaker 1: real wages are lower today than they were in December
12:01
Speaker 1: of twenty nineteen for every industry except retail, trade in leisure,
12:06
Speaker 1: and hospitality, and there below the trend in every industry
12:10
Speaker 1: at the same time, this president should go down as
12:14
Speaker 1: the absolute worst present the history of modern political times
12:17
Speaker 1: when it comes to the economy. This is what you
12:21
Speaker 1: need to understand. This is not a joke. And when
12:24
Speaker 1: they try to sell you that things are better, it
12:26
Speaker 1: is not better. In fact, right now, there is a
12:30
Speaker 1: new poll out that says sixty four percent of Americans
12:34
Speaker 1: are now living paycheck to paycheck. It is a near
12:38
Speaker 1: all time high. That is coming from CNBC. Living from
12:44
Speaker 1: paycheck to paycheck sixty four percent. Let's go to the
12:49
Speaker 1: article from CNBC. So when he tells you that wages
12:52
Speaker 1: are up as the cost of living is surged in
12:55
Speaker 1: twenty twenty two. Again, that's only under Biden. You can't
12:58
Speaker 1: say you inherited that from Trump. The number of Americans
13:01
Speaker 1: living paycheck to paycheck is skyrocketed to eighty four excuse me,
13:04
Speaker 1: sixty four percent of December, according to the new recent
13:06
Speaker 1: polling number. You compare that with twenty twenty one, there
13:10
Speaker 1: were nine point three million more Americans that said they
13:13
Speaker 1: are stretched too thin. Again, you cannot blame that on
13:16
Speaker 1: something you inherited from Donald Trump. Months of high inflation,
13:20
Speaker 1: CNBC rights have weighed heavily on households. As of December,
13:26
Speaker 1: sixty four percent of Americans or living paycheck to paycheck,
13:29
Speaker 1: according to the recent Lending Club report. That's up from
13:32
Speaker 1: sixty one percent a year earlier, meaning things are getting worse.
13:36
Speaker 1: It's also in line with the historic high first hit
13:40
Speaker 1: in March of twenty twenty. For the first time, more
13:43
Speaker 1: than half of all six figure earners also say they
13:47
Speaker 1: were stretched too thin. That is a jump from forty
13:50
Speaker 1: two percent a year ago. Quote. The effects of inflation
13:54
Speaker 1: are eating into every American's wallets, and as the Fed's
13:59
Speaker 1: effort to heurb inflation drive up the cost of debt,
14:03
Speaker 1: we are seeing near record numbers of Americans living paycheck
14:06
Speaker 1: to paycheck. For its part, the Federal Reserve is widely
14:11
Speaker 1: expected to announce its eighth consecutive rate hike at this
14:15
Speaker 1: week's policy meeting. Even though wage growth is high by
14:19
Speaker 1: historical standards, it isn't keeping up with the increased costs
14:24
Speaker 1: of living, which in December was up six point five
14:28
Speaker 1: percent from the prior year. That leaves many Americans in
14:31
Speaker 1: a bind as inflation and higher prices force more people
14:34
Speaker 1: to dip into their cash reserves or lean on credit,
14:38
Speaker 1: just when interest rates rise at the fastest pace in decades.
14:43
Speaker 1: Other reports also show financial wellbeing is deteriorating overall. One
14:50
Speaker 1: of these suggestions from CNBC because where we are in
14:53
Speaker 1: the economy created by Joe Biden. Number one, cut spending. Yeah,
14:59
Speaker 1: they said you're gonna have to cut spending. Number two,
15:02
Speaker 1: they say you must put money away, and you need
15:05
Speaker 1: to do that no matter how tight things are right now,
15:07
Speaker 1: because you're gonna need it in the future. CNBC is
15:11
Speaker 1: telling you now that sixty four percent Americans are living
15:14
Speaker 1: paycheck to paycheck, and more than fifty percent of those
15:17
Speaker 1: who makes six figures or more, saying that they're struggling
15:19
Speaker 1: right now economically. So when the President comes out and
15:23
Speaker 1: tells YO wages are up and to say the union again,
15:26
Speaker 1: he's lying to you. He's full of crap. This is
15:30
Speaker 1: total crap. Okay, I don't know any other way to
15:35
Speaker 1: describe it. It is total crap. The media, by the way,
15:42
Speaker 1: should fact check all this heavily. The media should be
15:49
Speaker 1: very clear about the truth being told. They're not going
15:53
Speaker 1: to fact check this, They're gonna keep putting out the propaganda.
15:58
Speaker 1: Biden says his inflation has grown, take home pay workers
16:02
Speaker 1: is going up. I want you to remember this because
16:04
Speaker 1: this is what he's going to say again tonight. You
16:06
Speaker 1: need to know it's a lie. And as inflation is
16:08
Speaker 1: coming down, take home pay for workers is going up. Workers'
16:12
Speaker 1: wages are higher now than they were seven months ago,
16:15
Speaker 1: adjustice for inflation. That's just a lie. He's lying to you,
16:20
Speaker 1: and everybody knows it. Biden also has made it clear
16:25
Speaker 1: and he said he as he said he will whisper
16:27
Speaker 1: that he'll veto Republican bills because they will make inflation work.
16:31
Speaker 1: He's going to tell you the Republicans are trying to
16:33
Speaker 1: make the economy worse. That's also lie. Plus House Republicans
16:36
Speaker 1: in introduced another bill blocking action that would help lower
16:41
Speaker 1: gas prices and help consumers. And on top of that,
16:44
Speaker 1: House Republicans are preparing to vote on a national sales
16:48
Speaker 1: tax bill, National Sales Tax. That's a great idea. It
16:52
Speaker 1: would raise taxes on the moon class by taxing thousands
16:55
Speaker 1: of every day and some groceries to gas, while cutting
16:58
Speaker 1: taxes for the wealthy Americans. And if I'm not mistaken
17:02
Speaker 1: what they've introduced, it also would totally eliminate the irs.
17:05
Speaker 1: Feels good, except all gonna be sales tax. Go home
17:10
Speaker 1: and tell your moms. They're going to be really excited
17:12
Speaker 1: about that. Come on, Is this how the House Republicans
17:16
Speaker 1: are starting a new term, cutting taxes for billionaires, raising
17:21
Speaker 1: taxes for working families, making inflation worse. Will let me
17:26
Speaker 1: be very clear, if any of these bills make it
17:28
Speaker 1: to my desk, I will veto them. I will flat
17:33
Speaker 1: veto Now there's the creepy whisperer in chief whispering to you.
17:39
Speaker 1: I will veto them. You're gonna hear this propaganda again tonight.
17:44
Speaker 1: They're gonna he's gonna go over this and he's gonna
17:46
Speaker 1: keep playing these hits. He's going to tell you the
17:49
Speaker 1: Republicans are trying to destroy your life. He's going to
17:52
Speaker 1: tell you that they are going to ruin everything in
17:54
Speaker 1: this country, as they have single handedly done all of this.
17:59
Speaker 1: They have ruined and all of it with their policies,
18:03
Speaker 1: passing an inflation Reduction Act. Okay, that is clearly not
18:08
Speaker 1: an inflation reduction Act. Lying to you, it was a
18:12
Speaker 1: Green New Deal under a different name. They lied to you.
18:17
Speaker 1: One of the big lies he's going to talk about
18:19
Speaker 1: is also gas prices, claiming that he is bringing gas
18:23
Speaker 1: prices down. Have gas prices come down from their highs? Yes?
18:28
Speaker 1: Did he inherit that from Donald Trump? No? Are they
18:31
Speaker 1: still significantly higher than they were when he became president?
18:36
Speaker 1: The answer is yes. Let me remind you of last summer,
18:39
Speaker 1: and there's a very good chance that last summer's prices
18:42
Speaker 1: we could hit those record highs again. Here is what
18:45
Speaker 1: happened in June, gas prices hitting another record today, with
18:51
Speaker 1: the national average now up to four dollars and eighty
18:53
Speaker 1: six cents a gallon. That's up more than a dollar
18:56
Speaker 1: eighty since this time last year. Prices have now more
18:58
Speaker 1: than doubled since prices and Biden took office. Kelly O.
19:01
Speaker 1: Grady of Fox Business, She's live in Los Angeles. What
19:04
Speaker 1: I know it's even higher there, Kelly, Oh, it definitely is.
19:08
Speaker 1: You can see the price over my shoulder. Dana. You know,
19:11
Speaker 1: with hit record highs twenty seven of the last twenty
19:14
Speaker 1: eight days. Today marks the tenth straight day in a row.
19:17
Speaker 1: And you know, with the national average eight cents higher
19:19
Speaker 1: than double the price when President Biden took office. That
19:22
Speaker 1: means you're averaging about thirty four dollars extra every time
19:25
Speaker 1: you fill up. Every time you fill up. That means
19:31
Speaker 1: you're averaging about thirty four dollars extra every time you
19:36
Speaker 1: fill up on average. Did it get better after that? No,
19:40
Speaker 1: it actually got worse. A month later, CNN telling you
19:43
Speaker 1: about Independence Day drivers from skies to the roads. Millions
19:48
Speaker 1: are expected to drive somewhere this holiday weekend. According to
19:51
Speaker 1: Triple A Drivers, we'll see the highest gas prices in
19:53
Speaker 1: seven years. Adrian brought us as live in Chicago. Adrian,
19:57
Speaker 1: you're near a gas station right now. What are you seeing?
20:00
Speaker 1: What a driver's telling you? Hey, good morning to you, Jim.
20:04
Speaker 1: We're seeing folks who fill up at this station in
20:07
Speaker 1: Chicago are going to pay a little bit higher than
20:10
Speaker 1: the national average to fill up here. Get ready for it.
20:14
Speaker 1: It's gonna cost you about four dollars a gallon. These
20:17
Speaker 1: are prices we haven't seen, as you mentioned, in seven years.
20:22
Speaker 1: It's a record this holiday, and not only this holiday,
20:26
Speaker 1: the travel for this holiday also beats the record we
20:29
Speaker 1: saw in twenty nineteen. That's according to Triple A. That's
20:35
Speaker 1: according to Triple A. So you can't say it's bias. Folks.
20:41
Speaker 1: That was Independence Day. Oh, don't worry, it gets better.
20:46
Speaker 1: Democrats start to say, well, things are getting better. Secretary
20:50
Speaker 1: Grahamhall bragged about gas prices they actually remained high, claiming,
20:55
Speaker 1: oh no, no, they've come down from our hives. The
20:58
Speaker 1: average price of a gallon of gas is now down
21:01
Speaker 1: about a dollar sixty from last summer's peak, but at
21:05
Speaker 1: thirty percent decline, thirty percent decline from the all time high.
21:09
Speaker 1: So are you paying more now than you were when
21:11
Speaker 1: Joe Biden became president? Yeah? How much more? Oh? At
21:14
Speaker 1: least a dollar dollar fifty? Gas prices are skyrocketing, And
21:19
Speaker 1: the Secretary says, well, gas prices remain high, but they're
21:24
Speaker 1: lower than they were when we were really screwing you.
21:27
Speaker 1: In the middle of the summer, CNN talking about gas
21:33
Speaker 1: prices and how much of an impact they're having on
21:35
Speaker 1: the economy as a whole. Listen to this. This inflation peaked.
21:39
Speaker 1: Is that look in terms of gas prices in the
21:41
Speaker 1: near term, Yes, I mean you had more than five
21:42
Speaker 1: dollars a gallon this summer and we are far far
21:45
Speaker 1: from that. Just in the last month, forty seven cents
21:47
Speaker 1: has come off a gallon of gasoline. So let me
21:49
Speaker 1: put that into a real perspective here. If you have
21:52
Speaker 1: an SUV and you're filling it up, it's about ten
21:55
Speaker 1: bucks less today than it was last month. So that's
21:58
Speaker 1: a noticeable amount. Here, a couple of things going. You
22:01
Speaker 1: had some refineries that were off. By the way, let's
22:03
Speaker 1: just talk about CNN math for a second. Where was
22:06
Speaker 1: gas when Donald Trump left office? About a dollar eighty
22:11
Speaker 1: five a gallon. Okay, January of twenty twenty one, when
22:17
Speaker 1: he left office, we were about a dollar eighty five
22:19
Speaker 1: a gallon. Biden takes office and we start jumping to
22:25
Speaker 1: two forty six a gallon. Six months later, we're at
22:28
Speaker 1: three fifty four a gallon. A year after he took office,
22:31
Speaker 1: we're at five dollars and two cents a gallon. And
22:34
Speaker 1: now what they want to do is they want to play.
22:36
Speaker 1: What I refer to is and I say this jokingly,
22:39
Speaker 1: so ladies, don't take offense this, but I call this
22:42
Speaker 1: wife math. Honey, I saved you seventy five dollars. No,
22:49
Speaker 1: you spent two hundred and eighty five dollars. No, but
22:51
Speaker 1: I saved you seventy five. No, you didn't save me
22:54
Speaker 1: seventy five. Right, Yes, I know it's on sale. That's great,
22:56
Speaker 1: but you didn't save me any money. You spent money.
23:00
Speaker 1: That's the same logic the White House is using right now.
23:03
Speaker 1: They're like, well, hey, it was at five dollars a gallon,
23:06
Speaker 1: which we created, but now we're down to three fifty
23:10
Speaker 1: or three twenty five or three dollars, so we saved
23:13
Speaker 1: you money, which is again totally insane. It's totally psychotic
23:21
Speaker 1: the logic here. And they go on to try to
23:22
Speaker 1: sell you this. I'm standing it all morning. Long hairs
23:26
Speaker 1: and are online now. So they're refining a little bit
23:28
Speaker 1: more gas. But also you have these concerns about COVID
23:31
Speaker 1: shutdowns in China. China's using less petroleum, right so the
23:35
Speaker 1: whole worldwide market of gas and oil, there's a little
23:38
Speaker 1: bit less demand. There's some concerns about slowing demand in
23:41
Speaker 1: the US next year, so futures markets have been a
23:44
Speaker 1: little bit cool. But this is all good news for
23:46
Speaker 1: anybody who's filling up at the guesting which they sunsk you,
23:48
Speaker 1: because a huge part of this and the White House
23:51
Speaker 1: every day is tracking these gas prices. We know that
23:53
Speaker 1: the Chief staff Rounclane's getting up, was getting up at
23:56
Speaker 1: three am to check the gas prices. And they mutated
23:58
Speaker 1: a big question, by the way, a may you believe
24:00
Speaker 1: that propaganda? We know the chief staff is waking at
24:03
Speaker 1: three a m To get the gas prices. I don't
24:05
Speaker 1: buy that for a second. I think they're totally full
24:07
Speaker 1: of crap. This idea that you're setting an alarm to
24:10
Speaker 1: wake up at three am to check the gas prices.
24:13
Speaker 1: Why couldn't you check them at five am or six
24:16
Speaker 1: am when you wake up, or seven am. And the
24:18
Speaker 1: idea that you're waking up at three am. The White
24:20
Speaker 1: House wants you to believe this crap. They made a
24:22
Speaker 1: policy that they knew was going to make gas prices
24:25
Speaker 1: go up on purpose because they want to force you
24:27
Speaker 1: into green alternative energy. Then they want you to believe
24:30
Speaker 1: that they're so concerned about gas prices why they refuse
24:33
Speaker 1: to allow for more pipelines and the Keystone Pipeline to
24:37
Speaker 1: reopen and allow for more drilling from our natural resources
24:41
Speaker 1: in this country, while they've also were releasing the strategic
24:44
Speaker 1: oil reserves to lower the price of gas artificiallys they
24:47
Speaker 1: could have a better election cycle. That's all true. Okay,
24:52
Speaker 1: we know that's true. We know that's a fact, right,
24:55
Speaker 1: we know that, like, we know this is the fact.
24:59
Speaker 1: And they sit there, I tell you this, right, it's absurd,
25:03
Speaker 1: and they're like, well, he woke up at three am
25:05
Speaker 1: to check the prices. I don't give a crap. He
25:07
Speaker 1: wakes up at two am or one am check the prices.
25:09
Speaker 1: If you have a policy for which you know is
25:12
Speaker 1: going to make the prices of gas absolutely skyrocket, do
25:16
Speaker 1: I really give a crap? What time you wake up
25:19
Speaker 1: in the morning. And that's what their defenses are, the
25:21
Speaker 1: high gas prices. Well, we wake up really early in
25:25
Speaker 1: the morning. And even the people on set at CNN
25:28
Speaker 1: you can hear them chuckle on the background at the
25:30
Speaker 1: absurdity of that. It's been about diesel because that is
25:33
Speaker 1: also how goods are transported. So what are we saying
25:35
Speaker 1: with diesel prices, because that is really key to inflation prices. Absolutely,
25:39
Speaker 1: So gasoline prices are cooling a little bit faster than
25:42
Speaker 1: diesel prices, but those are also showing signs of peaking
25:44
Speaker 1: as well, so that's incredibly important. Now one of the
25:47
Speaker 1: things that can be sort of the downside, I could
25:50
Speaker 1: say this of lower gas prices. Sometimes they fall because
25:53
Speaker 1: you're worried about a recession. So they're falling for the
25:55
Speaker 1: wrong reasons. You know, they were very low during the pandemic.
25:57
Speaker 1: That's because we were in the middle of a pandemics.
26:00
Speaker 1: Sometimes you'll hear people say, oh, you know, gas prices
26:02
Speaker 1: dropped so much from that pandemic low of a dollar
26:04
Speaker 1: eighty five. Well, you don't want low gas prices because
26:06
Speaker 1: the economy is crashing, right, you don't want gas prices
26:12
Speaker 1: low for because of a crashing economy. This is where
26:15
Speaker 1: again they're lying to you at SCENN and this is
26:17
Speaker 1: what the present is going to lie to you about tonight.
26:19
Speaker 1: If you want to know why gas prices were low
26:21
Speaker 1: during the pandemic and why they dropped to dollar eighty five,
26:24
Speaker 1: it's for one reason. No one was driving. Do you
26:28
Speaker 1: remember the driving habits of an economy shut down? Schools
26:33
Speaker 1: were shut down, public schools. No one was driving, everybody
26:37
Speaker 1: was staying home, no one was flying anywhere. This idea
26:42
Speaker 1: that they're like, oh, well, it was because the economy
26:45
Speaker 1: was crashing, No, it wasn't. We had an abundance of gas.
26:48
Speaker 1: Do you remember when oil went to actually negative because
26:50
Speaker 1: we had so much that was out there and no
26:53
Speaker 1: one could take it, and everything was filled. Do you
26:55
Speaker 1: remember when Donald Trump tried to fill the strategic oil
26:57
Speaker 1: reserves for basically needs on the dollar and Democrats blocked it?
27:03
Speaker 1: Do you remember that this is why? This is why
27:08
Speaker 1: when you hear this present talk tonight, listen to what
27:12
Speaker 1: he's saying and then connect it to what you're experiencing.
27:17
Speaker 1: And I think it will very clearly, okay, very clearly
27:24
Speaker 1: show you that he is going to sell you a
27:27
Speaker 1: bill of goods that is as egregious as the Inflation
27:32
Speaker 1: Reduction Act that had nothing to do with reducing inflation.
27:36
Speaker 1: All right, I'll be staying up late tonight. I can
27:39
Speaker 1: promise you that watching the Stay of the Union, we'll
27:41
Speaker 1: put out a post stay the Union show, so make
27:43
Speaker 1: sure you join us for that tomorrow morning, and I
27:46
Speaker 1: will see you then