June 15, 2022 • 30 mins
Newt Gingrich, Former Speaker of the House and author of the upcoming book out this July, Defeating Big Government Socialism, Saving America's Future, discusses Biden’s announcement that he will be running for President in 2024. If last night’s wins are any indicator, he’s in trouble.
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Speaker 1 (00:00):
Stay right here for our final news roundup and information overload.
All right, News roundup, Information overload, our eight hundred nine
one Shawn as a number. We'll talk to former Speaker
of the House knew Ingrich in just a second. He's
got an incredible idea for Republicans for the midterms. We've
been reading now all these democratic outlets. They finally have
(00:21):
caught up with us. I played earlier in the program
Fake News, CNN's liberal host Don Lemon even he is
questioning the White House Press Secretary Karine Jean Pierre about
the physical and mental health of Joe Biden. I've told you,
We've been right the whole time. I've told you they know,
but they just have been unwilling to get there. The
(00:43):
New York Times big piece saying, citing what fifty plus
Democrats not wanting Joe to run in twenty twenty four.
Joe Biden responds by saying his plan is to run
for reelection in twenty twenty four. Listen, then, on a
related note, have you decided whether you are going to
run for reelection in twenty twenty four. You haven't set
up a reelection campaign yet, as your predecessor had by
(01:05):
this time my predicasor need to need you to my predecessor.
Oh God, I missen. Have you have you an answers? Yes,
my plan is the run for reelection. That's my expectation.
All right, So there's Joey. He's making his plans anyway.
Former Speaker of the House knew King Ridge is with us.
Maybe maybe it's we're not as smart as job. Maybe
(01:26):
maybe these high gas prices are really really good. We
just don't appreciate the goodness of them, and paying more
for everything we buy, we don't appreciate all of the
hard work that goes in behind the scenes to bring
those products to market. And we should be appreciative to
pay high prices. Oh look, I think if you're you're
a left wing or if you're part of the big
(01:47):
government socialist crowd, you like all these high prices because
you're going to bankrupt people and you're going to force
them into dependence on the government, and you're gonna get
the kind of government run, bureaucratic world you believe. And
if you're looking at John Kerry and others, they have
no concern about how much pain they're causing the American
(02:07):
people because it fits their grand vision of the kind
of government dominated society they want to build. Uh. You know,
I've said we should have called it build back poorer
and for the whole country, build back broke, because that's
what they're doing. Now, you know, I mean Biden, I
think one has to say something. So you have to understand,
(02:30):
in his position, he's not allowed to change his policies.
He probably doesn't want to change his policies. And yet
you know, people are now coming in and telling him
this is a disaster. So he goes and he yells
about it. But the fact is we as you know,
at American Majority a project dot com, we list all
(02:51):
of our polling data. Everybody can see what we're doing.
And well, we went out and ask American people, do
you think that we have to restore the America that works?
Eighty seven percent of the country said yes. Now that
means eighty seven percent is stipulating that it ain't working.
You know, if you can't find an infant formula, it
(03:12):
ain't working. If you can't afford to play for the
gasoline or diesel fuel or eating oil, it ain't working.
If you're starting to get blackouts in places like California, remembered.
You can't have electric cars if you don't have any electricity,
so it ain't working. If you're concerned about getting a murdered, rape,
you know, carjacked, or robbed, it ain't working. And I
(03:35):
think that this is a huge problem for the Democratic Party.
There was a thirty eight points swing away from the
Democrat stores the Republicans in one county in South Texas
in the special election yesterday. Thirty eight points. I mean,
if I were the Democrats and I was looking at
those kind of numbers and that's an almost entirely Hispanic county,
(03:57):
I begin to think that they may be the greatest
catastrophe for their party since nineteen twenty. You know, you
share with me a lot of your newsletter in your writings,
and you wrote something that really stuck with me, and
I think something, a window of opportunity is happening. We
(04:20):
could have a reconfiguration of the of the two main
parties in this country. There's an opportunity. Now we see
Joe Biden's poll numbers, you know, in the low thirties
in many cases, Real Clear Politics had him at what
thirty eight percent as an average, and that included very
high outlier polls that favor him, which are total bs,
(04:43):
but I mean thirty eight percent real clear politics average
is not good for any president. And what you're talking
about is a new American majority. Now when you look
at the demographics and you look at Hispanic Americans. You
mentioned the thirty fourth district of Texas and what happened
last night when you talk about African Americans and Joe
(05:03):
has lost a significant percentage of the vote with African Americans.
And you look at young people, they're leaving Biden in droves,
and you look at women and their voting patterns. They're
getting angry every time they go to any store they
go to and every time they fill up their gas tank.
There seems to be an opportunity for the emergence of
(05:24):
a common sense party and forget that are forget the
d stuff, that one that will actually implement policies that
work for the American people. And that would have to
include lower taxes and energy independence and secure borders, you know,
just the basic fundamentals. It would have to include law
and order and safety and security so people pursue happiness.
(05:46):
It would have to include getting rid of this unholy
alliance with teachers, Unions and Democrats, and offer school choice
to parents that are in school districts that are not
doing a very good job educating their kids. I think
there's a huge window of opportunity here, burdened for a
new coalition to be built. I think that's right, and
(06:06):
part of what I've been emphasizing, all of this is
available if people want to go to Gingrich three sixty words.
You know, I do three free newsletters every week, and
I do three free audio audio tapes every week. And
my new report on a new American majority and on
the eighty seven percent who want to restore the America
that works. That's going to be a podcast I think
(06:28):
is coming week. And the fact is, if Republicans will,
in a sense do what Reagan used to do. Reagan
always said to my fellow Republicans and those independence and
Democrats who share our values, Well, if you're saying I
want America to work again, you have potacial almost nine
(06:49):
out of every ten Americans nodding yes. Now that is
so much bigger. I mean, this could be the end
of the Rooseveltian domination of American politics, because it could
to a profound focus on changing the bureaucracies until it works,
as you point out with the teachers. I just did
a podcast that was very, very encouraging with Betsy Devas,
(07:12):
the former Secretary of Education, and she's come up with
a term which I really found fascinating, which is talking
about education freedom, not school choice, but all the different
ways from homeschooling to online learning, to apprenticeships to freedom
to learn the most effective way for you. And I
(07:33):
just thought that she's really onto a huge idea and
if I can come down to the left wing teachers
union desire to do two things, indoctrinate your children into
weird ideas and protect the most mediocre and incompetent teachers,
and those things are killing the ability to educate young people.
(07:53):
You're dead on accurate. And I think you played a
big part in the gubernatorial race in the Commonwealth of Virginia.
You were a speaker, you were elected, and I was
your MC. I was very honored to do it. In
nineteen ninety four, the night you became speaker and it
was a wave election year, the Federal Reserve raised their
benchmark interest rate points three quarters of a percentage point.
(08:17):
It's most aggressive hike since the year you became speaker
in nineteen ninety four. Now when you break it down
even further, it gets in my mind even more interesting,
and that is that, for example, if you look at
the interest rates yesterday for a thirty year fixed loan
was six point three five percent, something to that effect.
(08:40):
If you purchased a home at four hundred thousand dollars
and your interest rate was three and three quarters percent
over thirty years, you'd be paying thirty two hundred dollars
a month, okay, And if you do it now under
this rate, you're going to be paying a hell of
a lot more. And I'm sorry, I got it wrong.
(09:04):
You Your monthly payment under the three point seven five
interest rate would be one nine hundred eighty one. Now
it's six point seven five, it's two five hundred and
thirty seven. After today's rate hike, we're gonna be above
seven percent for a thirty year loan. So that's probably
now almost double what people were paying. So that, to me,
(09:26):
will result in a new home construction ending. That will
result in sales of existing homes declining. Home values will decline.
That's people's biggest investment. Usually the contracting business is going
to dry up. And it's going to be an unmitigated disaster.
(09:47):
I don't see any soft landing here to you, no,
because they're going to follow exactly the wrong policies. I
was very encouraged by the way that the Republican Study Committee.
I'm going to write a newsletter about this. They just
issued a report calling for balancing the budget in seven years,
which is exactly what we did when I was a speaker.
As you know because you were there, the only four
(10:08):
consecutive balanced budgets for the federal government you're literally in
your lifetime, were the four that we did. And I
think that it's we got to get back to that.
When you get to that, interest rates come down, the
economy starts growing. And of course, if you balance the
budget the right way, you cut out so much of
the bureaucracy and so much of the regulation and so
much of the red tape, you have an explosion of
(10:30):
entrepreneurial energy. You create new wealth. This is why the
supply side, which is, let's grow a bigger economy, Let's
grow more goods and services that mops up the inflation
without pain. The demand side, which is I'm going to
crush you. And then when you can't afford to do anything.
The inflation will go away because you can't buy anything
(10:50):
that is so painful. And that's exactly where Biden is going,
just as that's exactly where Jimmy Carter went. And the
country's just going to rebel over it. I mean, that's
why the Democrats are as it sinks in for the
next few months. The number of different things that aren't
working in a Republican party. I agree with you entirely.
Republican party just has to do two simple things. Commit
(11:12):
itself to a common sense making sure everything's working. And
I think Kevin McCarthy's selling working groups are a big
step in the right direction. I've worked with a number
of them. I think they get it, and I think
McCarthy is going to be the next speaker. At the
same time, you've got to reach out to everybody. We
just saw this in South Texas. I mean, when you
have a county which has a thirty eight points swing
(11:34):
from the Democrats Republicans, don't tell me that you can
divine who's going to win and lose this fall. Because
you get that kind of swing across the country, you're
going to have people losing who have no idea they're
in trouble until the day after the election. But wasn't
the Canarian the coal mine, wasn't it? Wasn't it Glenn Junkin.
Wasn't it the near upset in New Jersey? Nobody was
(11:56):
paying attention to it. Had people paid attention to it,
a probable would have switched hands the governor's race there,
and yeah, we would have won the governor's race. Was
just a tiny bit of belief. But outside the real
canary to me that election is Ed dun Junior, who
as you know, is an independent trucker, failed to get
a sealed Carrie permit, got ticked down, even though he's
(12:18):
perfectly okay, runs against the state Senate president who had
won four years ago a seventeen million dollar campaign, the
most expensive of the country. Ded dun Junior spends twenty
three hundred dollars, most of it at duncan done. It's
taken care of his volunteers. What happened, of course, is
(12:39):
people walked in. They didn't have a clue who had
done Junior was, but they knew who the state Senate
president was and they said not him, and he got beaten.
I think that's the real example of the kind of
canary in the coal mine we're going to see. I
think Texas was another. I think Glenn Youngcan was another.
By the way, Yuncan has done all the right things.
You look at the number of companies, including Bowie, that
(13:00):
are moving into Virginia. You look at the number of
new jobs that are being created. You look at the
tax cuts he's fighting for. You look at the reform
of the school system he's undertaking. I mean, Youngcan's the
real deal. All right, quick break more with former Speaker
of the House New Kingridge. If you want to join
us on the other side of this, we'll get to
your calls eight hundred nine one Shaw on our number.
(13:21):
As we continue, we Speaker of the House, New Kingridge.
As we continue, mister Speaker, we always appreciate your insight,
your help, and this is going to be a fascinating
midterm election. I'll tell you that it is. I have
to say on the way out, remember that in about
another week we have defeating big government socialism. Maybe in
(13:44):
some ways the most important book I ever wrote, because
it relates exactly to what this campaign is all about. Well,
mister Speaker, don't forget about our friend your old district
running and I am totally completely on board with his
runof When is the runoff run off? I think is
next week. And Jake Evans is a wonderful candidate, would
be a great congressman. And I've done everything I can,
(14:06):
and I know you feel the same way that this
is a kind of courageous young man who can make
a big, big difference. It's gonna be a very low
turnout election, so I hope everybody who's for Jake Evans
will get up and vote that day. All right, I
second your motion, mister speaker, Thank you for being with us.
New King Ridge, by the way, he has a new
book coming out very soon, and when he does, we're
going to bring it to you. It's called Defeating Big Government,
(14:29):
Socialism and Saving America's Future. It's coming out in July,
and we'll have to speak around when it's released. All right.
By the way, Newt will be on Talk Shop Live.
That's going to be Monday, June the twenty at six
pm Easter and then we'll be offering autograph copies of
his brand new book, Defeating Big Government, Socialism, Saving America's Future.
All you have to do is go to talk shoplive
(14:51):
dot com. Go to their homepage right now and find
his book there, or just search newt and you can
get the book and he'll be live Monday on talk
Shop Live at six pm Eastern on the homepage. You
don't want to miss it. Quick break right back your
calls on the other side, straight ahead, bold inspired solutions
(15:40):
for America. This is the Sean Hannity Show, twenty five
to the top of the hour. We'll get to your
calls in a second. Here. You know, I think keep
thinking back about Biden yesterday and he's out there and
he's literally so delusional where Jane people live screaming. I
guess that's his new method of not having all the
rain farts that he's always having. But anyway, well, he
(16:04):
is changing lives for the worst. His policies are impacting
every single solitary American disproportionally. It's just crushing poor middle
class Americans, people on fixed incomes. So as Biden, delusional
as he is, we're changing a love Oh, you're changing
lives for the worst. Listen, I don't want to hear
(16:27):
any more of these lives about reckless spending. We're changing
people's lives. Put the disinflation in context, how bad is
the surgeon prices? It's awful, I mean it's awful. On
how people feel about it is even worse. Inflation nation,
Americans are paying significantly more for basics such as food, fuel,
(16:48):
and rents. I basically just got struggle food and some popsicles.
The consumer price in next ruse eight point six percent
in May to a new forty year high, brand new
inflation numbers stin seen in Chief Business correspondent Christine Romans here,
what do they say? Cruel summer record high gas prices
at play in these numbers? Eight point six percent year
(17:09):
over year inflation. That is again the highest since nineteen
eighty one. When you look at the core rate and
the month over month it's one percent there, but eight
point six percent that's really a tough number to swallow here.
And in terms of why are consumers feeling this bed, well,
it's pretty clear why they're feeling this bed, and that
is because the consumer price index is the worst it's
(17:30):
ever been in a midterm cycle since seventy four. It's
the worst it's been in any presidential cycle or midterm
cycle since nineteen eighty. So it's not much of a surprise.
You can see it. It's literally off the charts. I
don't want to hear any more of these lives about
reckless spending. We're changing people's lives. How do you How
can you be that out of touch with reality? Anyway?
(17:52):
Tony's in Texas, Tony, how are you? Thanks for your patience?
Glad you called, sir. Oh, mister Hannity, I'm sorry. I
was outside for just a moment. I'm back in my night.
Your heart be trouble. What's on your mind today? I
know that's one of your catchphrases, and that's why I'm calling.
My heart is trouble, sir. I listened to you and
mister Gingrich. I need to listen to you and mister
(18:13):
O'Reilly and their talk about the wave election that's coming.
There's going to be a change, you know. Elections have
consequences all of this, and that I am at a
point in my life where I am convinced that it's
not going to make one bit of difference who's in
power anymore, even after this coming election, because the fourth
branch of government that is not in the Constitution has
(18:35):
taken control of our lives, our economy, and our future,
and for the first time in my sixty one years,
I'm worried about our country's future. I'm grateful I have
hope in a God who's just and faithful, but I'm
telling you, I don't have faith that our country isn't
lost already. And I'm I guess I'm asking you. You know,
(18:59):
I have the honor of talking to russelling By one time,
and I was grateful for that. I miss him to
listen on the radio. But I look to you and
people look to you for encouragement that hey, there may
actually be some hope out there. But Sean, I let
me give you some hope, okay, And I can't do
it as well as Rush. And You're right, we miss him.
(19:19):
You know. He was the goat of our business, no
doubt about the greatest of all time, and nobody can
replace him. I said that at the time. I believe that.
I believed it then, I believe it now, and we
could certainly use his positive voice. Here is the upside. Now,
put aside the personality issues that the medium mob, the lies,
the conspiracy theories, the drama when Donald Trump was present,
(19:42):
and a lot of it based on outright lies, and
we played a very big part on this program of
exposing those lies. Everything we reported turned out to be
right in terms of Trump, Russia, collusion, etc. All right,
put that aside too. But if you look at the
Trumpe years, look at where we were, look at we
(20:03):
had prior to COVID, what did we have? Record low
after record low after record low unemployment for every demographic
group in this country. Donald Trump literally, in the course
of four years, brought this country and for the first
time in seventy five years, made us energy independent. Donald
(20:24):
Trump forced Mexico to adopt the Stay of Mexico policy.
He built five hundred miles of wall, he secured our
border was almost done. We can still finish that job.
He set out to have free and fair trade deals.
He got it with Canada, he got it with Mexico,
(20:44):
he got it with Japan. He even got it with
China and put tariffs on certain products because the communist
Chinese were not playing fair. Then Joe wants to lift them.
We also know that our national security issues. He took
out back Daddy and associates, he took out Solomony, he
took out the al Qaida leader in Yemen, and he
(21:06):
made every step to properly get out of Afghanistan, and
it wouldn't have been a disaster if he had been reelected.
I'm not so sure that he made NATO pay their
fair share. He made Western European countries and allies he
challenged them on this stupidity of being reliant on Russia
(21:29):
for the lifeblood of their economy. Was right on so
many things. He predicted this would all happen in these debates,
which is why I've been going back and playing the
exchanges between him and Biden and the comments of Biden
on energy that he promised he was going to get
rid of domestic oil production, and here we are at
five dollars plus a gallon. My point to you is
(21:53):
all of these problems that we're facing, every one of them,
I argue was preventable. If you want to fix the
border problem, go back to the Trump policies. You want
to drive down the price of gasoline, become energy independent again,
and I'd take it a step further. We have two
hundred years plus of natural gas. I would figure out
(22:14):
a way that we become the main supplier of our
Western European allies so they're not relying on Vladimir Putin
in Russia. We could make a fortune. It would be
good for our national security. We don't have to worry
so much about the Straits or Hormuz, or do deals
with Venezuela or the Saudis or OPEC Nations or Iran.
(22:36):
So all of these things happened and we respected on
the world stage. There was a genuine fear of Donald
Trump that he meant what he said and that it
kept all of these bad actors in check. So if
we did it, and it was only a year and
a half ago, wasn't that long ago. If we did
(22:57):
it once, we can do it again. Reg did it
in his presidency. Donald Trump did it in his presidency.
And what do I always say, Tony, I say, conservatism
is pretty simple. I can explain it in a minute.
I won't repeat it here. I said it earlier in
the program. But every time we apply those principles, it's
not about being a Republican. I'm not a Republican. I'm
(23:19):
a conservative. We live in the greatest country on earth.
Will it take a year or two to get things
back in shape. Yeah, but it all starts in November.
If the Republicans take the House and said it. They
can now lay the foundation and pass every bill that
would reverse all of the damaging policies of Joe Biden
(23:42):
and the climate alarmist cult New Green Deal socialists. We
can do that, and then if we elect a Republican
president Trump, I don't know if he's running. If he runs,
if he wins again, he'll just implement every policy he had.
I would assume the frontrunners, like the Santis or Payo
or whoever it happens to be, if they implement those
(24:03):
policies their work. So in the short term a term,
I really don't have a lot of hope. If you
really want my honest opinion, I think things are going
to get dramatically worse. I don't think this rate hike
is going to be the panacea to the inflation problem
we have. I think the fundamentals of the economy are
rooted in such ignorant stupidity that unless they're willing to
(24:27):
change course and return to Trump's policies, well we're gonna
We're gonna get the same result. If we refuse to
be energy independent, We're going to continue to pay around
five dollars a gallon more, let maybe a little less
but a little more. I don't know, you know, prices inflation,
it's not going away anytime soon, and it's going to
(24:48):
have a ripple effect on the economy. Look this rate
hike today. You've asked a very serious and very important questions.
So I want to give you a comprehensive answer. This
rate hike today. This is now the third rate hike.
We had two half point increases or point five, oh
basis points. We have point seven five today. We had
(25:08):
one quarter point one. All right, So now we're looking
at two full basis points increase and we're expecting six
to eight more interest rate hikes. Yesterday, before all of
before this recent increase by the Fed in interest rates,
a thirty year mortgage is six point three what five percent?
(25:30):
Now we're going to be over seven percent. Okay, that's
gonna stop new home construction right in its tracks. That's
gonna crush contractors all across the country. I worked ten
years in the contracting business. It's not going to be
easy for them. Then we're going to have sales of
existing homes are going to stop as well, because you're
(25:50):
not gonna have as many customers because the higher interest rates,
you know, may mean a thousand more dollars a month,
so less people will be able to afford these homes,
and that means the price of your home. You know,
people have probably been bragging all my house is worth
X much more than what I paid for it. Well,
what's that price? Valuation? Go down dramatically? That's going to
(26:11):
happen as well. When does it end? How does it end?
I don't know. I think it ends with a reversal
of policy, and I don't see it happening with them.
So the short term answer is unless they change, and
I don't think they will where we're stuck with them,
and even with the Republican House and Senate, which is
(26:31):
very vital, then we can set forth the path that
if we get a Republican president we can fix it. All.
Is that some hope. I understand everything you're saying, But
we're looking at two and a half more years of
the Biden administration being in the executive Branch, which runs
(26:52):
all of these bureaucracies, and every day they're putting in
new regulations that are socialist and anti American, and I
don't see that being able to be six unless there's
some people in Congress and in the Senate and some
people in leadership who are willing to say and have
the cajonies to go ahead and say we're cutting these programs.
(27:12):
I hope our next president will go ahead and not
only cut slash programs, but eliminate some of these departments.
I Google search trying to find out how many agencies
there are in the federal government. No one really knows.
It's anywhere from four hundred to four thousand. It's out
of control. They run our lives. They were never elected,
they were never appointed, and they are not accountable to anyone. Well,
(27:36):
they've got to be held accountable. You're right, you're talking
about unelected bureaucrats that not ac held accountable. But I
will tell you Congress is going to change. Every indicator
out there tells me every gut instinct I've had doing
those thirty five years. If you can believe at radio,
that's how my radio journey has been. And twenty six
and a half years on Fox, and by the way,
(27:58):
I've got a lot more to go. I you know what,
these these are historical times we're living in and I
rarely am focused on one thing, and that's where you're focused.
I want to I want this country to be the
greatest that can be. We can be a great country.
We're not a perfect country. We are a great people.
(28:19):
The people of this country are amazing. Farmers should not
have to pay exorbitant prices for seeds and for fertilizer.
Truckers ought not have to struggle to put diesel in
their trucks, and then, unfortunately past the cost increase onto
(28:39):
you know, their consumers, wholesale, you know wherever they're dropping
their goods off at, and then that's passed on us.
They don't want to do that, but they they have
to make a living as well. They've got mortgages to pay, rent,
to pay car payments like everybody else, insurance that they
have to pay for. So all of this is fixable.
All of it was ventable, and now we have to
(29:02):
we have to do our part now. That would include
getting every state legislature to adopt integrity election measures. I've
said that over and over again. I won't list them now.
And that would mean to get out in November in
force and make this a wave of election. And every
candidate needs to go to every single person in their district,
(29:24):
their state, wherever they're running, and they need to ask
people for their vote so that we can turn this
ship around before it hits the iceberg completely. I hope,
I hope that helps you with a little bit of hope.
In the short term. I can't give you any in
the long term, I am hopeful. I do believe that
God bless this country. I believe it with all my heart.
(29:46):
I do believe with all my heart it is the
greatest country God gave man. And as Reagan said, freedom
is but one generation away from extinction. And I'm saying, Tony,
not on our watch. I appreciate the call, my friend,
God bless you. A right, Hannity Tonight, nine eastern on
(30:06):
the Fox News Channel, all Right, newly elected congresswoman from
Texas's thirty fourth district, Myra Flores, a thirty eight point swing,
whoa anyway? Senator Ted Cruz, Piers Morgan, Tonight, Doctor Roz Kelly,
and Conway Mark Meadows News. I promise you won't get
from the media mob, how bad will this interest rate
hike impact the economy? We'll get into that news you
(30:29):
won't get elsewhere. Ninety eastern Fox News. See tonight back
here tomorrow. Thank you for making this show possible.
Stay right here for our final news roundup and information overload.
All right, News roundup, Information overload, our eight hundred nine
one Shawn as a number. We'll talk to former Speaker
of the House knew Ingrich in just a second. He's
got an incredible idea for Republicans for the midterms. We've
been reading now all these democratic outlets. They finally have
(00:21):
caught up with us. I played earlier in the program
Fake News, CNN's liberal host Don Lemon even he is
questioning the White House Press Secretary Karine Jean Pierre about
the physical and mental health of Joe Biden. I've told you,
We've been right the whole time. I've told you they know,
but they just have been unwilling to get there. The
(00:43):
New York Times big piece saying, citing what fifty plus
Democrats not wanting Joe to run in twenty twenty four.
Joe Biden responds by saying his plan is to run
for reelection in twenty twenty four. Listen, then, on a
related note, have you decided whether you are going to
run for reelection in twenty twenty four. You haven't set
up a reelection campaign yet, as your predecessor had by
(01:05):
this time my predicasor need to need you to my predecessor.
Oh God, I missen. Have you have you an answers? Yes,
my plan is the run for reelection. That's my expectation.
All right, So there's Joey. He's making his plans anyway.
Former Speaker of the House knew King Ridge is with us.
Maybe maybe it's we're not as smart as job. Maybe
(01:26):
maybe these high gas prices are really really good. We
just don't appreciate the goodness of them, and paying more
for everything we buy, we don't appreciate all of the
hard work that goes in behind the scenes to bring
those products to market. And we should be appreciative to
pay high prices. Oh look, I think if you're you're
a left wing or if you're part of the big
(01:47):
government socialist crowd, you like all these high prices because
you're going to bankrupt people and you're going to force
them into dependence on the government, and you're gonna get
the kind of government run, bureaucratic world you believe. And
if you're looking at John Kerry and others, they have
no concern about how much pain they're causing the American
(02:07):
people because it fits their grand vision of the kind
of government dominated society they want to build. Uh. You know,
I've said we should have called it build back poorer
and for the whole country, build back broke, because that's
what they're doing. Now, you know, I mean Biden, I
think one has to say something. So you have to understand,
(02:30):
in his position, he's not allowed to change his policies.
He probably doesn't want to change his policies. And yet
you know, people are now coming in and telling him
this is a disaster. So he goes and he yells
about it. But the fact is we as you know,
at American Majority a project dot com, we list all
(02:51):
of our polling data. Everybody can see what we're doing.
And well, we went out and ask American people, do
you think that we have to restore the America that works?
Eighty seven percent of the country said yes. Now that
means eighty seven percent is stipulating that it ain't working.
You know, if you can't find an infant formula, it
(03:12):
ain't working. If you can't afford to play for the
gasoline or diesel fuel or eating oil, it ain't working.
If you're starting to get blackouts in places like California, remembered.
You can't have electric cars if you don't have any electricity,
so it ain't working. If you're concerned about getting a murdered, rape,
you know, carjacked, or robbed, it ain't working. And I
(03:35):
think that this is a huge problem for the Democratic Party.
There was a thirty eight points swing away from the
Democrat stores the Republicans in one county in South Texas
in the special election yesterday. Thirty eight points. I mean,
if I were the Democrats and I was looking at
those kind of numbers and that's an almost entirely Hispanic county,
(03:57):
I begin to think that they may be the greatest
catastrophe for their party since nineteen twenty. You know, you
share with me a lot of your newsletter in your writings,
and you wrote something that really stuck with me, and
I think something, a window of opportunity is happening. We
(04:20):
could have a reconfiguration of the of the two main
parties in this country. There's an opportunity. Now we see
Joe Biden's poll numbers, you know, in the low thirties
in many cases, Real Clear Politics had him at what
thirty eight percent as an average, and that included very
high outlier polls that favor him, which are total bs,
(04:43):
but I mean thirty eight percent real clear politics average
is not good for any president. And what you're talking
about is a new American majority. Now when you look
at the demographics and you look at Hispanic Americans. You
mentioned the thirty fourth district of Texas and what happened
last night when you talk about African Americans and Joe
(05:03):
has lost a significant percentage of the vote with African Americans.
And you look at young people, they're leaving Biden in droves,
and you look at women and their voting patterns. They're
getting angry every time they go to any store they
go to and every time they fill up their gas tank.
There seems to be an opportunity for the emergence of
(05:24):
a common sense party and forget that are forget the
d stuff, that one that will actually implement policies that
work for the American people. And that would have to
include lower taxes and energy independence and secure borders, you know,
just the basic fundamentals. It would have to include law
and order and safety and security so people pursue happiness.
(05:46):
It would have to include getting rid of this unholy
alliance with teachers, Unions and Democrats, and offer school choice
to parents that are in school districts that are not
doing a very good job educating their kids. I think
there's a huge window of opportunity here, burdened for a
new coalition to be built. I think that's right, and
(06:06):
part of what I've been emphasizing, all of this is
available if people want to go to Gingrich three sixty words.
You know, I do three free newsletters every week, and
I do three free audio audio tapes every week. And
my new report on a new American majority and on
the eighty seven percent who want to restore the America
that works. That's going to be a podcast I think
(06:28):
is coming week. And the fact is, if Republicans will,
in a sense do what Reagan used to do. Reagan
always said to my fellow Republicans and those independence and
Democrats who share our values, Well, if you're saying I
want America to work again, you have potacial almost nine
(06:49):
out of every ten Americans nodding yes. Now that is
so much bigger. I mean, this could be the end
of the Rooseveltian domination of American politics, because it could
to a profound focus on changing the bureaucracies until it works,
as you point out with the teachers. I just did
a podcast that was very, very encouraging with Betsy Devas,
(07:12):
the former Secretary of Education, and she's come up with
a term which I really found fascinating, which is talking
about education freedom, not school choice, but all the different
ways from homeschooling to online learning, to apprenticeships to freedom
to learn the most effective way for you. And I
(07:33):
just thought that she's really onto a huge idea and
if I can come down to the left wing teachers
union desire to do two things, indoctrinate your children into
weird ideas and protect the most mediocre and incompetent teachers,
and those things are killing the ability to educate young people.
(07:53):
You're dead on accurate. And I think you played a
big part in the gubernatorial race in the Commonwealth of Virginia.
You were a speaker, you were elected, and I was
your MC. I was very honored to do it. In
nineteen ninety four, the night you became speaker and it
was a wave election year, the Federal Reserve raised their
benchmark interest rate points three quarters of a percentage point.
(08:17):
It's most aggressive hike since the year you became speaker
in nineteen ninety four. Now when you break it down
even further, it gets in my mind even more interesting,
and that is that, for example, if you look at
the interest rates yesterday for a thirty year fixed loan
was six point three five percent, something to that effect.
(08:40):
If you purchased a home at four hundred thousand dollars
and your interest rate was three and three quarters percent
over thirty years, you'd be paying thirty two hundred dollars
a month, okay, And if you do it now under
this rate, you're going to be paying a hell of
a lot more. And I'm sorry, I got it wrong.
(09:04):
You Your monthly payment under the three point seven five
interest rate would be one nine hundred eighty one. Now
it's six point seven five, it's two five hundred and
thirty seven. After today's rate hike, we're gonna be above
seven percent for a thirty year loan. So that's probably
now almost double what people were paying. So that, to me,
(09:26):
will result in a new home construction ending. That will
result in sales of existing homes declining. Home values will decline.
That's people's biggest investment. Usually the contracting business is going
to dry up. And it's going to be an unmitigated disaster.
(09:47):
I don't see any soft landing here to you, no,
because they're going to follow exactly the wrong policies. I
was very encouraged by the way that the Republican Study Committee.
I'm going to write a newsletter about this. They just
issued a report calling for balancing the budget in seven years,
which is exactly what we did when I was a speaker.
As you know because you were there, the only four
(10:08):
consecutive balanced budgets for the federal government you're literally in
your lifetime, were the four that we did. And I
think that it's we got to get back to that.
When you get to that, interest rates come down, the
economy starts growing. And of course, if you balance the
budget the right way, you cut out so much of
the bureaucracy and so much of the regulation and so
much of the red tape, you have an explosion of
(10:30):
entrepreneurial energy. You create new wealth. This is why the
supply side, which is, let's grow a bigger economy, Let's
grow more goods and services that mops up the inflation
without pain. The demand side, which is I'm going to
crush you. And then when you can't afford to do anything.
The inflation will go away because you can't buy anything
(10:50):
that is so painful. And that's exactly where Biden is going,
just as that's exactly where Jimmy Carter went. And the
country's just going to rebel over it. I mean, that's
why the Democrats are as it sinks in for the
next few months. The number of different things that aren't
working in a Republican party. I agree with you entirely.
Republican party just has to do two simple things. Commit
(11:12):
itself to a common sense making sure everything's working. And
I think Kevin McCarthy's selling working groups are a big
step in the right direction. I've worked with a number
of them. I think they get it, and I think
McCarthy is going to be the next speaker. At the
same time, you've got to reach out to everybody. We
just saw this in South Texas. I mean, when you
have a county which has a thirty eight points swing
(11:34):
from the Democrats Republicans, don't tell me that you can
divine who's going to win and lose this fall. Because
you get that kind of swing across the country, you're
going to have people losing who have no idea they're
in trouble until the day after the election. But wasn't
the Canarian the coal mine, wasn't it? Wasn't it Glenn Junkin.
Wasn't it the near upset in New Jersey? Nobody was
(11:56):
paying attention to it. Had people paid attention to it,
a probable would have switched hands the governor's race there,
and yeah, we would have won the governor's race. Was
just a tiny bit of belief. But outside the real
canary to me that election is Ed dun Junior, who
as you know, is an independent trucker, failed to get
a sealed Carrie permit, got ticked down, even though he's
(12:18):
perfectly okay, runs against the state Senate president who had
won four years ago a seventeen million dollar campaign, the
most expensive of the country. Ded dun Junior spends twenty
three hundred dollars, most of it at duncan done. It's
taken care of his volunteers. What happened, of course, is
(12:39):
people walked in. They didn't have a clue who had
done Junior was, but they knew who the state Senate
president was and they said not him, and he got beaten.
I think that's the real example of the kind of
canary in the coal mine we're going to see. I
think Texas was another. I think Glenn Youngcan was another.
By the way, Yuncan has done all the right things.
You look at the number of companies, including Bowie, that
(13:00):
are moving into Virginia. You look at the number of
new jobs that are being created. You look at the
tax cuts he's fighting for. You look at the reform
of the school system he's undertaking. I mean, Youngcan's the
real deal. All right, quick break more with former Speaker
of the House New Kingridge. If you want to join
us on the other side of this, we'll get to
your calls eight hundred nine one Shaw on our number.
(13:21):
As we continue, we Speaker of the House, New Kingridge.
As we continue, mister Speaker, we always appreciate your insight,
your help, and this is going to be a fascinating
midterm election. I'll tell you that it is. I have
to say on the way out, remember that in about
another week we have defeating big government socialism. Maybe in
(13:44):
some ways the most important book I ever wrote, because
it relates exactly to what this campaign is all about. Well,
mister Speaker, don't forget about our friend your old district
running and I am totally completely on board with his
runof When is the runoff run off? I think is
next week. And Jake Evans is a wonderful candidate, would
be a great congressman. And I've done everything I can,
(14:06):
and I know you feel the same way that this
is a kind of courageous young man who can make
a big, big difference. It's gonna be a very low
turnout election, so I hope everybody who's for Jake Evans
will get up and vote that day. All right, I
second your motion, mister speaker, Thank you for being with us.
New King Ridge, by the way, he has a new
book coming out very soon, and when he does, we're
going to bring it to you. It's called Defeating Big Government,
(14:29):
Socialism and Saving America's Future. It's coming out in July,
and we'll have to speak around when it's released. All right.
By the way, Newt will be on Talk Shop Live.
That's going to be Monday, June the twenty at six
pm Easter and then we'll be offering autograph copies of
his brand new book, Defeating Big Government, Socialism, Saving America's Future.
All you have to do is go to talk shoplive
(14:51):
dot com. Go to their homepage right now and find
his book there, or just search newt and you can
get the book and he'll be live Monday on talk
Shop Live at six pm Eastern on the homepage. You
don't want to miss it. Quick break right back your
calls on the other side, straight ahead, bold inspired solutions
(15:40):
for America. This is the Sean Hannity Show, twenty five
to the top of the hour. We'll get to your
calls in a second. Here. You know, I think keep
thinking back about Biden yesterday and he's out there and
he's literally so delusional where Jane people live screaming. I
guess that's his new method of not having all the
rain farts that he's always having. But anyway, well, he
(16:04):
is changing lives for the worst. His policies are impacting
every single solitary American disproportionally. It's just crushing poor middle
class Americans, people on fixed incomes. So as Biden, delusional
as he is, we're changing a love Oh, you're changing
lives for the worst. Listen, I don't want to hear
(16:27):
any more of these lives about reckless spending. We're changing
people's lives. Put the disinflation in context, how bad is
the surgeon prices? It's awful, I mean it's awful. On
how people feel about it is even worse. Inflation nation,
Americans are paying significantly more for basics such as food, fuel,
(16:48):
and rents. I basically just got struggle food and some popsicles.
The consumer price in next ruse eight point six percent
in May to a new forty year high, brand new
inflation numbers stin seen in Chief Business correspondent Christine Romans here,
what do they say? Cruel summer record high gas prices
at play in these numbers? Eight point six percent year
(17:09):
over year inflation. That is again the highest since nineteen
eighty one. When you look at the core rate and
the month over month it's one percent there, but eight
point six percent that's really a tough number to swallow here.
And in terms of why are consumers feeling this bed, well,
it's pretty clear why they're feeling this bed, and that
is because the consumer price index is the worst it's
(17:30):
ever been in a midterm cycle since seventy four. It's
the worst it's been in any presidential cycle or midterm
cycle since nineteen eighty. So it's not much of a surprise.
You can see it. It's literally off the charts. I
don't want to hear any more of these lives about
reckless spending. We're changing people's lives. How do you How
can you be that out of touch with reality? Anyway?
(17:52):
Tony's in Texas, Tony, how are you? Thanks for your patience?
Glad you called, sir. Oh, mister Hannity, I'm sorry. I
was outside for just a moment. I'm back in my night.
Your heart be trouble. What's on your mind today? I
know that's one of your catchphrases, and that's why I'm calling.
My heart is trouble, sir. I listened to you and
mister Gingrich. I need to listen to you and mister
(18:13):
O'Reilly and their talk about the wave election that's coming.
There's going to be a change, you know. Elections have
consequences all of this, and that I am at a
point in my life where I am convinced that it's
not going to make one bit of difference who's in
power anymore, even after this coming election, because the fourth
branch of government that is not in the Constitution has
(18:35):
taken control of our lives, our economy, and our future,
and for the first time in my sixty one years,
I'm worried about our country's future. I'm grateful I have
hope in a God who's just and faithful, but I'm
telling you, I don't have faith that our country isn't
lost already. And I'm I guess I'm asking you. You know,
(18:59):
I have the honor of talking to russelling By one time,
and I was grateful for that. I miss him to
listen on the radio. But I look to you and
people look to you for encouragement that hey, there may
actually be some hope out there. But Sean, I let
me give you some hope, okay, And I can't do
it as well as Rush. And You're right, we miss him.
(19:19):
You know. He was the goat of our business, no
doubt about the greatest of all time, and nobody can
replace him. I said that at the time. I believe that.
I believed it then, I believe it now, and we
could certainly use his positive voice. Here is the upside. Now,
put aside the personality issues that the medium mob, the lies,
the conspiracy theories, the drama when Donald Trump was present,
(19:42):
and a lot of it based on outright lies, and
we played a very big part on this program of
exposing those lies. Everything we reported turned out to be
right in terms of Trump, Russia, collusion, etc. All right,
put that aside too. But if you look at the
Trumpe years, look at where we were, look at we
(20:03):
had prior to COVID, what did we have? Record low
after record low after record low unemployment for every demographic
group in this country. Donald Trump literally, in the course
of four years, brought this country and for the first
time in seventy five years, made us energy independent. Donald
(20:24):
Trump forced Mexico to adopt the Stay of Mexico policy.
He built five hundred miles of wall, he secured our
border was almost done. We can still finish that job.
He set out to have free and fair trade deals.
He got it with Canada, he got it with Mexico,
(20:44):
he got it with Japan. He even got it with
China and put tariffs on certain products because the communist
Chinese were not playing fair. Then Joe wants to lift them.
We also know that our national security issues. He took
out back Daddy and associates, he took out Solomony, he
took out the al Qaida leader in Yemen, and he
(21:06):
made every step to properly get out of Afghanistan, and
it wouldn't have been a disaster if he had been reelected.
I'm not so sure that he made NATO pay their
fair share. He made Western European countries and allies he
challenged them on this stupidity of being reliant on Russia
(21:29):
for the lifeblood of their economy. Was right on so
many things. He predicted this would all happen in these debates,
which is why I've been going back and playing the
exchanges between him and Biden and the comments of Biden
on energy that he promised he was going to get
rid of domestic oil production, and here we are at
five dollars plus a gallon. My point to you is
(21:53):
all of these problems that we're facing, every one of them,
I argue was preventable. If you want to fix the
border problem, go back to the Trump policies. You want
to drive down the price of gasoline, become energy independent again,
and I'd take it a step further. We have two
hundred years plus of natural gas. I would figure out
(22:14):
a way that we become the main supplier of our
Western European allies so they're not relying on Vladimir Putin
in Russia. We could make a fortune. It would be
good for our national security. We don't have to worry
so much about the Straits or Hormuz, or do deals
with Venezuela or the Saudis or OPEC Nations or Iran.
(22:36):
So all of these things happened and we respected on
the world stage. There was a genuine fear of Donald
Trump that he meant what he said and that it
kept all of these bad actors in check. So if
we did it, and it was only a year and
a half ago, wasn't that long ago. If we did
(22:57):
it once, we can do it again. Reg did it
in his presidency. Donald Trump did it in his presidency.
And what do I always say, Tony, I say, conservatism
is pretty simple. I can explain it in a minute.
I won't repeat it here. I said it earlier in
the program. But every time we apply those principles, it's
not about being a Republican. I'm not a Republican. I'm
(23:19):
a conservative. We live in the greatest country on earth.
Will it take a year or two to get things
back in shape. Yeah, but it all starts in November.
If the Republicans take the House and said it. They
can now lay the foundation and pass every bill that
would reverse all of the damaging policies of Joe Biden
(23:42):
and the climate alarmist cult New Green Deal socialists. We
can do that, and then if we elect a Republican
president Trump, I don't know if he's running. If he runs,
if he wins again, he'll just implement every policy he had.
I would assume the frontrunners, like the Santis or Payo
or whoever it happens to be, if they implement those
(24:03):
policies their work. So in the short term a term,
I really don't have a lot of hope. If you
really want my honest opinion, I think things are going
to get dramatically worse. I don't think this rate hike
is going to be the panacea to the inflation problem
we have. I think the fundamentals of the economy are
rooted in such ignorant stupidity that unless they're willing to
(24:27):
change course and return to Trump's policies, well we're gonna
We're gonna get the same result. If we refuse to
be energy independent, We're going to continue to pay around
five dollars a gallon more, let maybe a little less
but a little more. I don't know, you know, prices inflation,
it's not going away anytime soon, and it's going to
(24:48):
have a ripple effect on the economy. Look this rate
hike today. You've asked a very serious and very important questions.
So I want to give you a comprehensive answer. This
rate hike today. This is now the third rate hike.
We had two half point increases or point five, oh
basis points. We have point seven five today. We had
(25:08):
one quarter point one. All right, So now we're looking
at two full basis points increase and we're expecting six
to eight more interest rate hikes. Yesterday, before all of
before this recent increase by the Fed in interest rates,
a thirty year mortgage is six point three what five percent?
(25:30):
Now we're going to be over seven percent. Okay, that's
gonna stop new home construction right in its tracks. That's
gonna crush contractors all across the country. I worked ten
years in the contracting business. It's not going to be
easy for them. Then we're going to have sales of
existing homes are going to stop as well, because you're
(25:50):
not gonna have as many customers because the higher interest rates,
you know, may mean a thousand more dollars a month,
so less people will be able to afford these homes,
and that means the price of your home. You know,
people have probably been bragging all my house is worth
X much more than what I paid for it. Well,
what's that price? Valuation? Go down dramatically? That's going to
(26:11):
happen as well. When does it end? How does it end?
I don't know. I think it ends with a reversal
of policy, and I don't see it happening with them.
So the short term answer is unless they change, and
I don't think they will where we're stuck with them,
and even with the Republican House and Senate, which is
(26:31):
very vital, then we can set forth the path that
if we get a Republican president we can fix it. All.
Is that some hope. I understand everything you're saying, But
we're looking at two and a half more years of
the Biden administration being in the executive Branch, which runs
(26:52):
all of these bureaucracies, and every day they're putting in
new regulations that are socialist and anti American, and I
don't see that being able to be six unless there's
some people in Congress and in the Senate and some
people in leadership who are willing to say and have
the cajonies to go ahead and say we're cutting these programs.
(27:12):
I hope our next president will go ahead and not
only cut slash programs, but eliminate some of these departments.
I Google search trying to find out how many agencies
there are in the federal government. No one really knows.
It's anywhere from four hundred to four thousand. It's out
of control. They run our lives. They were never elected,
they were never appointed, and they are not accountable to anyone. Well,
(27:36):
they've got to be held accountable. You're right, you're talking
about unelected bureaucrats that not ac held accountable. But I
will tell you Congress is going to change. Every indicator
out there tells me every gut instinct I've had doing
those thirty five years. If you can believe at radio,
that's how my radio journey has been. And twenty six
and a half years on Fox, and by the way,
(27:58):
I've got a lot more to go. I you know what,
these these are historical times we're living in and I
rarely am focused on one thing, and that's where you're focused.
I want to I want this country to be the
greatest that can be. We can be a great country.
We're not a perfect country. We are a great people.
(28:19):
The people of this country are amazing. Farmers should not
have to pay exorbitant prices for seeds and for fertilizer.
Truckers ought not have to struggle to put diesel in
their trucks, and then, unfortunately past the cost increase onto
(28:39):
you know, their consumers, wholesale, you know wherever they're dropping
their goods off at, and then that's passed on us.
They don't want to do that, but they they have
to make a living as well. They've got mortgages to pay, rent,
to pay car payments like everybody else, insurance that they
have to pay for. So all of this is fixable.
All of it was ventable, and now we have to
(29:02):
we have to do our part now. That would include
getting every state legislature to adopt integrity election measures. I've
said that over and over again. I won't list them now.
And that would mean to get out in November in
force and make this a wave of election. And every
candidate needs to go to every single person in their district,
(29:24):
their state, wherever they're running, and they need to ask
people for their vote so that we can turn this
ship around before it hits the iceberg completely. I hope,
I hope that helps you with a little bit of hope.
In the short term. I can't give you any in
the long term, I am hopeful. I do believe that
God bless this country. I believe it with all my heart.
(29:46):
I do believe with all my heart it is the
greatest country God gave man. And as Reagan said, freedom
is but one generation away from extinction. And I'm saying, Tony,
not on our watch. I appreciate the call, my friend,
God bless you. A right, Hannity Tonight, nine eastern on
(30:06):
the Fox News Channel, all Right, newly elected congresswoman from
Texas's thirty fourth district, Myra Flores, a thirty eight point swing,
whoa anyway? Senator Ted Cruz, Piers Morgan, Tonight, Doctor Roz Kelly,
and Conway Mark Meadows News. I promise you won't get
from the media mob, how bad will this interest rate
hike impact the economy? We'll get into that news you
(30:29):
won't get elsewhere. Ninety eastern Fox News. See tonight back
here tomorrow. Thank you for making this show possible.
The Sean Hannity Show News
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Sean Hannity
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United States of Kennedy is a podcast about our cultural fascination with the Kennedy dynasty. Every week, hosts Lyra Smith and George Civeris go into one aspect of the Kennedy story.
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If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com