I'll talk today about the return of Stagflation award we haven't heard in a while.

Stagflation, referring to stagnant economic growth combined with high inflation, a deadly combination.

To also want to talk about how the Texas GOP changed its mind about the 2020 election following some screenings of 2000 mules.

Cynthia Hughes of the Patriot Freedom Project joins me. She's going to talk about the plight of January 6th defendants and their families.

And I'll examine some very interesting political changes underway at CNN. This is the Dineshtis-Uzo Show.

The country is going into a real economic morass, a bad situation. And what makes this bad situation so disgusting is it is almost entirely self-inflicted.

Now, the word that we're hearing, once again, we haven't heard it in almost three decades, Stagflation.

And Stagflation was a new word when it was coined in the 1970s. It was coined to describe a phenomenon that economists did not think they would see.

By and large, people often thought that economic growth and inflation work in opposite directions. They don't really go together.

So in other words, if you have economic growth, you could have some inflation that goes with it.

But you're not likely to see inflation that goes along with economic stagnation. The very fact that prices are going up, generally means wages are going to go up.

And so you're going to see inflation, you're going to see economic growth. But you're not going to have a case where you essentially have bad news on both fronts.

That's Stagflation. Stag here referring to stagnation or stagnancy. And then the flation part of it is, of course, inflation.

But that's what we have now. And in the 1970s, it was driven by an energy crisis that was largely caused by OPEC by a cartel of foreign countries,

essentially controlling and manipulating the prices of oil and gas.

But now we don't have that. In fact, there have been huge discoveries of natural gas in America.

And so it is our own refusal. And by hour here, I mean the decision by the Biden administration to block access to oil leases.

So we're not tapping our own available resources. And as a result, we have not just an escalation of gas prices.

We not only have a well, almost 9% inflation, but we're not beginning to see the effects in the economy.

We see it in the stock market. By the way, down over 20% to 22% already this year, that's, well, a correction is a polite word for the market is basically going to be losing a whole bunch of money.

If you had a thousand dollars in the stock market, you're down to about seven, 80 or seven, 90. And that's a blow. And that scares people and people and think, maybe I should sell.

Because who knows if the market goes down further, it's going to wipe out savings that have painfully built up over many, many years.

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