Mark Levin Audio Rewind - 6/13/22

Mark Levin Podcast

Cumulus Podcast Network

News, News Commentary, Politics

4.6 • 22.3K Ratings

🗓️ 14 June 2022

⏱️ 114 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On Monday's Mark Levin Show, the stock market tanked today, and the Federal Reserve is raising interest rates again because they miscalculated and subsidized massive deficit spending. The Democrats, without a single Republican vote, passed the largest deficit-spending bill in American history. Before that, 19 Republicans voted with the Democrats for an infrastructure bill that spent trillions more. This is why we have inflation. The country is now economically dislocated, and the Democrats' goal is to limit your choices like only getting gas on certain days, and controlling and lowering your electricity consumption. Biden, the Democrats, and the American Marxists are systemically dismantling the greatest economic engine this world has ever seen. Then, President McKinley invited the wealthiest men in America to save America from fiscal insolvency. An independent board known as the Federal Reserve was created to ensure that the country had sound money. However, the federal system has become a Ponzi scheme and the Fed has become the drug dealers for the drug addicts in Washington whose drug of choice is printing and spending tax dollars. Later, it's only a matter of time before we're at war with communist China, not because of America but because of their aggression. If China attacks Taiwan and the U.S does nothing they will view this as weakness and come after us. There is an eerily similar parallel between our history from the Great Depression through World War II and recent history. Afterward, the push for red-flag laws is upon us, but we've seen what they've done with the FISA Court, we've seen what they've done with the Patriot Act. No more. Don't be bullied and cowed into giving up any more liberty. The ruling class in Congress did nothing to prevent these shootings and more gun laws won't fix anything. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Ladies and gentlemen, the following segment of the podcast is presented exclusively by Hillsdale College.
0:06.0	For over 175 years, four purposes have defined Hillsdale's mission, learning character, faith and freedom.
0:13.4	Thank you for listening and my sincere appreciation to our brothers and sisters at Hillsdale for their great sponsorship.
0:43.4	Thank you for listening and my sincere appreciation to our brothers and sisters at Hillsdale College.
1:13.4	Thank you for listening and my sincere appreciation to our brothers and sisters at Hillsdale College.
1:43.4	You know, I love the national anthem, but we ought to play my old opening. I don't mean the oldest of all, right after it, you know what I mean?
1:55.4	The Lincoln Park. I miss the damn thing. I think we'll do that. Anyway, ladies and gentlemen, welcome back this Monday. Just to give you a feel and I don't normally do this.
2:12.4	We're going to spend a lot of time in the economy. Then the hearings. Then electric vehicles. You're not going to want to miss this and you crane.
2:25.4	And I hope I get it all covered with some phone calls as well. But that's how I've laid this out today. Now the economy.
2:40.4	I hear these economists saying we might have a recession in a year or at least two years.
2:48.4	The stock market tank today. You know why the stock market tank today? Because the feds going to increase interest rates.
2:58.4	Maybe three quarters of a point. That is a huge increase in one sweep should that occur. Do you know why the Fed needs to raise interest rates, ladies and gentlemen?
3:13.4	Because the Fed miscalculated during the Obama administration. And in the last several years, even under the Trump administration, the Fed is an independent entity. There's nothing anyone can do about.
3:27.4	It kept subsidizing massive deficits spending.
3:35.4	I want to be as clear as I can about this. The Democrats without a single Republican vote.
3:44.4	Pass the biggest deficit bill in American history.
3:50.4	Remember that three and a half trillion dollars. But before before I blame them completely.
3:57.4	Remember, there was another vote. Remember that Mr. producer on so called infrastructure bill. And it was bipartisan.
4:06.4	19 Republicans voted for it to add another one trillion plus dollars on top of what the Democrats spent.
4:19.4	Mitch McConnell voted for that. Lindsey Graham voted for that. 19 Republicans voted for that. Just to demonstrate how bipartisan they are.
4:28.4	Most Republicans voted against it. But the Republican leader voted for it.
4:34.4	And I told you at the time this is a disaster. And only a small percentage actually went to infrastructure.
	...

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