Economic Transformation - September 3rd, Hour 3
The Sean Hannity Show
Sean Hannity
4.0 • 9.9K Ratings
🗓️ 4 September 2025
⏱️ 30 minutes
🧾️ Download transcript
Summary
In this discussion on Sean Hannity's show, experts Steve Moore and Tim Stewart weigh in on the current economic landscape, highlighting key indicators such as home sales, energy production, and the effects of Trump-era tariffs and deregulation. They argue that America is on the verge of an economic boom due to increased domestic manufacturing, robust energy policies, and substantial foreign investment. The conversation also addresses the rapid rise of artificial intelligence and its potential to both eliminate certain jobs and create new opportunities, especially in manufacturing and energy sectors. The hosts caution, however, that automation and AI will bring workforce transitions, emphasizing the need for education and policy measures to ensure American workers benefit from these economic shifts.
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Transcript
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| 0:00.0 | This is an I-Heart podcast. |
| 0:04.0 | All right, news roundup information overload. |
| 0:06.8 | Our 800, 941, Sean is a number if you want to be a part of the program. |
| 0:12.3 | One of the lagging indicators economically is the sale of pre-existing homes and the sale, well, and building of new homes in large part |
| 0:23.7 | because there's nobody with common sense that's going to give up a 30-year fixed-rate mortgage |
| 0:30.3 | at 3.3% in favor of a 6% or 7 percent thirty-year fixed rate mortgage they're |
| 0:37.7 | not going to do it |
| 0:39.3 | and interesting comments from Jerome Powell at the fed when he said |
| 0:43.9 | home uh... |
| 0:45.2 | you know Trump's policies on tariffs is not as bad as i thought they're actually |
| 0:48.7 | way better than i expected |
| 0:51.0 | and you would think this guy if he's the head of the Fed, would know better. |
| 0:55.1 | We see the price of consumer goods has been weighed down. We see the price of energy is |
| 1:01.2 | way down, which impacts the price of everything that we buy. The lagging indicator will |
| 1:06.4 | be sales of preexisting homes and new home construction. And more importantly, you know, now we're looking at even Powell himself, probably bringing |
| 1:16.0 | up at least the first of what might be many, if you listen to Jamie Diamond, rate cuts |
| 1:22.1 | between now and the end of his term, which is May of next year. |
| 1:27.9 | And it would really be a shame if he doesn't cut interest rates because we are lagging |
| 1:32.9 | way behind the rest of the world that had raised interest rates during tougher economic |
| 1:38.0 | times. |
| 1:38.6 | We welcome back Steve Moore, economist, author of the bestseller, Trumponomics, Inside the America First Plan to |
| 1:46.0 | Revive Our Economy, Tim Stewart, President of the U.S. petroleum gas industry to discuss all of this. |
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