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The Ben Shapiro Show

Ep. 1544 - Happy-Talking The Recession

The Ben Shapiro Show

The Daily Wire

News, News Commentary

4.4152.4K Ratings

🗓️ 28 July 2022

⏱️ 51 minutes

🧾️ Download transcript

Summary

The Biden administration continues to happy talk its way through recession; Democrats try to prop up extremists in Republican primaries while decrying the supposed rise of extremist Republicans; and The View has to back off its slander of TPUSA. Become a DailyWire+ member today to access movies, shows, and more: https://utm.io/ueMfc    Tune in to this week’s brand new episode of Sunday Special featuring philosopher and scholar Yoram Hazony on Apple Podcasts, Spotify, DailyWire+, or wherever you listen to podcasts.    — Today’s Sponsors: Protect your online privacy with ExpressVPN. Get 3 Months FREE! EXPRESSVPN.com/BEN Cuts Clothing has totally revolutionized men’s t-shirts. Get 15% OFF your first order! www.cutsclothing.com/ben Policygenius is your one-stop shop to find the insurance you need at the right price. Go to policygenius.com/SHAPIRO  to get your free life insurance quotes and see how much you could save.  PragerU Kids offers what’s no longer being taught or celebrated in schools – American values and history. Visit PragerUKids.com today! Stop funding woke corporate agendas. Switch to PureTalk instead. Save 50% OFF your 1st month! Enter promo code SHAPIRO at puretalk.com Skip the grocery store & choose Good Ranchers for 100% American meat. Visit goodranchers.com/BEN or use code "BEN" at checkout to get $30 off your order and FREE shipping.  Learn more about your ad choices. Visit podcastchoices.com/adchoices Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

The Biden administration continues to happy talk its way through recession.

0:03.8

Democrats try to prop up extremists in Republican primaries while decrying the supposed

0:07.4

rise of extremist Republicans, and the view has to back off its slander of TPUSA.

0:12.3

I'm Ben Shapiro. This is The Ben Shapiro Show.

0:19.8

The Ben Shapiro show is sponsored by ExpressVPN.

0:22.5

I talk about them every single show.

0:23.7

Why haven't you gotten a VPN yet?

0:25.0

Get ExpressVPN right now at ExpressVPN.com slash Ben.

0:28.8

Well, folks, you may have noticed the economy is garbaggio, thanks to Joe Biden and wonderful Democrats in Congress and the Federal Reserve and all the rest of our experts.

0:36.7

Well, thanks to Biden, inflation, you are paying way more than you should for pretty much everything. Polls show 94% of Americans are upset or concerned about the impact of rising prices. 95% believe that soaring inflation is, quote, very or somewhat serious. One thing you don't need to be worried about is spending more money on your phone bill because you could switch over from one of the big guys to Pure Talk USA right now. Pure Talk gives you talk, text, plenty of data for just 30 bucks per month. No price increase there. I am a Pure Talk customer. They are very reliable. I travel a lot for the job. The 5G coverage is great because they use one of the same tower networks as the big guys. Plus, they make the switch from your current provider incredibly easy. It won't take you more than 10 minutes. It is well worth the savings. Right now, my listeners can save 50% off your

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1:19.8

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1:30.2

Well, the new GDP statistics are in, and they show that we are indeed in a recession.

1:35.4

Because, again, the definition of recession is two consecutive quarters of negative growth.

1:40.2

Now, the reality is you don't actually need the stats to tell you that, because realistically speaking, most Americans already think that we are in a period of economic stagnation. Whether you call it a recession, whether you don't call it a recession, most Americans are not optimistic about the state of the economy. Most Americans think the economy is going the wrong way. Most Americans have had their wage increases eaten up by inflation. Many Americans are concerned that the economy is now going to slow.

2:01.4

The truth is it wouldn't really have mattered for the Biden administration, whether the stats came out negative or they came out positive, because the reality is no matter what they say, Americans don't feel good about the economy. Joe Biden continues to try to happy talk his way through this one. What we're really looking at is stagflation. Whether you call it a recession, or whether it's not a recession.

2:17.5

That doesn't matter.

2:18.4

What matters is that most people feel economic stagnation setting in and really looking at is stagflation. Whether you call it a recession or whether it's not a recession,

2:21.2

that doesn't matter. What matters is that most people feel economic stagnation setting in, and inflation continues to be at extraordinary highs. The Federal Reserve has now increased the

2:26.6

Fed funds rate to another 0.75 percentage, 0.75 basis points. This is another major increase by the Federal Reserve.

2:35.4

This is sort of calmed the markets at least a little bit because, again, Jerome Powell has

...

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