The Biden Economy is Stagflation, Recession, and Misery

Biden’s economy keeps playing out as disastrously as expected, with many experts now talking about a likely recession ahead. So much for “Build Back Better!” Plus there’s now talk about stagflation too- which would mean a period of high inflation and slow economic growth, and lots of misery for Americans. Turns out electing a clownish sub-mediocrity like Joe Biden was a really bad idea, which every reasonable person knew back in 2020. Let’s see if he can keep gas prices below $6 and stay out of war with Russia. Fingers crossed. 

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Episode Transcript

Speaker 1 (00:11):
You're listening to the Buck Sexton Show podcast, make sure
you subscribe to the podcast on the iHeart Radio app
or wherever you get your podcasts team. Welcome to the
Freedom Hot Thursday, May nineteenth edition of the program. Thankfully,
my voice is almost well, look at that or just
strained it almost back to normal. Appreciate you hanging out

(00:32):
with me. We've got wow. The economy is really not
looking good and Donald Trump called it. We have the receipts,
as they say. Plus the left wing talking points on
abortion are getting more and more grotesque, which is showing people,

(00:52):
well this is really all about and what's going on there?
And an excellent rant from our friend Zubi on BLM
sounding a lot like what we say here about BLM.
So that is all coming up here and just just
a moment, my friends, we're going to be diving into

(01:13):
all of it together here. But first up, you know,
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the politics are against them. And so that's why you

(01:33):
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(01:54):
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(02:17):
or more to the Police Defense Fund to help defend
these officers in their time of great need. Police Defense
dot org. That's police defense dot org. So let's start
with where we are in the economy. It's been amazing
to watch the Democrat propaganda machinery at various stages here

(02:40):
try to convince you that it's not a bad economy.
We're going into No, it is now. It is that
the economy is officially bad. Now this is not good, friends,
very all time high gas price, highest inflation in forty years,
and we've got now the possibility of a recession. The
stock market way down, which means people's four oh one

(03:03):
ks are way down. Housing is going to be very
much affected by this. I mean, there's a lot going
on right now that is negative for the economy. And
you know who saw it all. You know who saw
it coming President Donald J. Trump. This was back in

(03:24):
the election. You're twenty twenty. Listen to him, They said,
stock if I'm elected, if he's elected, the stock market
will crash. Okay, I mean you could play clips like
this all day. They Biden, or rather Trump also said
that Biden might push gas to six dollars a gallon
or seven dollars a gallon. Well, it's the highest it's

(03:45):
ever been at four to fifty and going up still,
So some pretty accurate predictions here. Democrats pretend, oh, well,
put Biden in charge and his people they'll make good decisions. No,
they won't. They'll spend a lot of money. They'll spend
money like it's going out of style. And now we
see what the actual results are of this. In fact,

(04:07):
Janet Yellen, the Treasury Secretary, was in German yesterday and
this is what she said. We are facing certainly, the
economic outlook globally is challenging and uncertain, and higher food
and energy prices are having stagflationary effects, namely depressing output

(04:30):
and spending and raising inflation all around the world. Do
you know when stagflation? But we're facing stagflation in this country.
The whole world maybe phacing, but we are facing it
in America. Stagflation is stagnant economic output and high price inflation,
so you're not producing more as an economy and your

(04:54):
prices are going up. This is really bad. People also
will call it recession inflation. And like I said, inflation
rates high, economic growth slows, and then unemployment starts to
creep up as well, because the efforts to deal with

(05:16):
inflation interest rate hikes, for example, might make some of
the other aspects like unemployment worse. So this is the
This is the pain point, friends. This is where all
of a sudden we see the bad policies of Democrats.
The bill has come due and we're all paying it,

(05:37):
and we didn't we didn't get the benefit of it necessarily,
and we're all paying for it. Stagflation is going to
be a word you're hearing a lot more or reminds
everybody of the seventies. This is the Jimmy Carter era,
but in many ways it's worse because it really didn't
have to be this way, and Jimmy Carter, for all

(05:57):
of his faults, was a much smarter man than Joe
Biden is. So I think everyone needs to take a
step back and recognize for a second here what we
are facing is a recession, stagflation, record high inflation, record
high inflation, and the Biden administration has no answers for

(06:20):
any of this. The baby formula shortage continues on. You know,
they've started to say, oh, remember it was a few
days ago. We don't know how we can handle the
baby formula shortage, they said. And then they said, well, okay,
we're going to do something. And then they said, but
we can't do the Defense Production Act for baby formula
because it's too complicated. I'm hearing this from the White

(06:40):
House now. So you think you can build rather Trump
can build ventilators using Defense Production Act, but you can't
make baby formula. Think about that for a second. So
they've recognized this is a huge problem. They can't get
away with these games anymore around it, And yeah, this
is something that is going to have huge impact, huge

(07:02):
effect going forward. I think that's what we're going to
see in the midterm elections. I certainly hope that's going
to be what we see people recognizing that the cost
of food, the cost of everything is worse, and it
is This is not just oh, Democrats are in a
point of bad luck here, but Biden inherited. No, Biden
didn't inherited bad economy. Biden inherited an economy on the

(07:24):
launch pad, and Democrat policies sabotaged it. We should have
had a huge and I was worried this would happen,
a huge spring back effect with the end of COVID.
But now, of course they won't really end COVID, and
they want to do mail in ballots and we'll get
into all of that. But what we have seen is
instead of capitalizing on a reopened economy and the end

(07:48):
of so much with the COVID anxiety and allowing America
to really get up and get rolling again, their idiotic
climate change fantasies and delusions, and their redistributive mania, and
their desire for more regulation and taxation, all of these things,
and spending and spending and spending well like one hundred

(08:10):
and eighty billion for the paycheck Protection program, and we
don't even know where it went. And they wanted to expend.
They want to spend even more than that. They want
to extend the benefits even further. They have extended the
benefits for remember, they've spent one point nine trillion dollars
without a single Republican vote as soon as Biden came
into office. So this is all very and was all

(08:31):
very predictable. In fact, I would argue that I predicted it,
and so did Donald Trump. And now we are seeing
that elections have consequences, and in this case, the consequences
are making you poorer and less free. Thanks Joe Biden.
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and say the keywords gold IRA. Players for This was

(09:56):
on CBS Morning News where they're reporting about this. DHS
warning that depending on how the abortion decision comes down,
there could be violence from both sides. They say. They
Department Homeland Security is warning about an increased threat of
extremist violence after the leak of a draft Supreme Court
opinion striking down the constitutional right to an abortion. The

(10:19):
Associated Press obtained a memo to local government agencies. It
says that violence could come from either side of the
abortion issue or from other types of extremists seeking to
exploit tensions. Yesterday, the Justice Department announced the US Marshals
Service has the Supreme Court justices under twenty four hour security.
The Supreme Court justices are under threat from the left.

(10:44):
I'm not going to allow this lunacy to be said
without rejoinder, without response. We all know that the impending
decision is likely to be favorable to the pro life movement,
and the pro life movement is full of people who
want to give hugs and protect babies and hand out cookies.

(11:04):
The lunatic left, on the other hand, they say things
like this, I mean, here is a pro abortion an advocate.
Physicians for Reproductive Health Board member doctor Robinson I want
you to hear. I want you to hear what doctor
Robinson says makes a person human? How does one qualify

(11:25):
as fully human? What makes the human being? What makes
a person a human being in them being born? Number one,
That's why I have birthdays. Having a birthday, That's what
makes you a human being, a tradition that exists mostly
so people can give presents and cake and give cards

(11:47):
to each other. That's what makes a person human. This
is a doctor who's saying that, So I want to
be very clear. She is taking the position that a
baby that has been delivered and that would be unwanted
for some reason, perhaps some defect, is not a human
being in her I mean, this is monstrous. These people, unfortunately,

(12:10):
I've been so deluded by the propaganda that they can't
even understand and agree with the most basic, the most
basic truths about humanity and basic human decency. So the
pro abortion side obviously is being exposed more and more
for being completely insane. That's why they can't answer these

(12:30):
questions without people cringing. I did mention our friend switching
gears here for a second. I mentioned our friend Zubie.
I just wanted you to hear this was on one
of these some British talk show or something. Listen to
what our buddies Zubi says about b LM. I think
it's very clear even from this conversation and all the
conversations every time BLM comes up, is that it is divisive.

(12:53):
It's divisive. This is stoking racial tension. Not just in
the U. I mean it's crazy it's been imported to
the UK, but in the USA it's exactly the same.
Yet cities on fire in twenty twenty there there was
so much tension. Multiple people got killed. Over twenty people
got killed in the BLM protests and riots in twenty twenty.
So this started from one black man getting killed and
then you've got another few dozens. But Zoobe, some of

(13:15):
these organizations they'll say to you, but Zoobe, you are oppressed,
and where I'm not oppressed, they're not there to help me,
and they're not helping me. They're not helping black people
in general, they are helping themselves. The way you stop
racism is by people not being racist. It's not by
calling everyone racist. It's not by making false and unkind
accusations against everyone. It's not about virtue. Signaling and putting

(13:38):
up hashtags and black squares and kneeling down. It's about
simply treating people as equals. It's honestly one of the
best sixty seconds on the truth about BLM and race
relations and ending racism that I can think of. So
a big high five and a hat tip to my
friend Zubie, and we're gonna leave it there for today. Folks,

(14:01):
give my voice a bit of arrest. I'll be back
with you tomorrow. Shields high