Rep. Steil: Biden labor, energy policies ‘culprits’ for bank woes, Dems ‘drunken sailor’ spending led to record inflation
John Solomon Reports
John Solomon
4.7 • 6.3K Ratings
🗓️ 14 March 2023
⏱️ 43 minutes
🧾️ Download transcript
Summary
Rep. Bryan Steil slams Biden over his administration’s policies being the “culprit”, main contributor to economic instability leading to the recent bank failures. The Chairman of the House Financial Services Committee comments on recent remarks that there's a direct connection between Joe Biden's spending driving up inflation and interest rates with it and lead to the bank failures, saying “Sure, we had bad management of banks, we had a handful of other things, all of that needs to be investigated. Absolutely. But if we step back and look and say what's causing this underlying instability across our economy it is roaring inflation.” The Wisconsin Congressman explains that “the culprit of this worrying inflation, it was one party democratic control that spent like drunken sailors. It's mismatched energy policy, where the Biden administration wants to have a war on energy, and his labor policies allow far too many people to find themselves on the sidelines than back to work.” Steil says the the answer is, “you got to unwind those policies, you got to control reckless spending, you got to unleash American energy and you got to help workers get back to work. But this administration, the Biden administration, just put forward their budget, it does the opposite. It's more tax and spend, it's going to drive inflation higher, and it's going to prevent people from getting back to work.” Saying, “this is the challenge in front of us, is forcing the president to come to the table, in particular during the period of time of the debt ceiling debate, to actually put the policies in place to slow inflation. Because at the end of the day, that's the cause of the economic instability and that's the cause of the pain of so many families across our country.”
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | I'm Lou Dobbs, you may know me from my 40-plus years in radio and television, or from my new podcast, |
| 0:06.8 | The Great America Show, where we take up the biggest events and issues facing our nation. |
| 0:13.4 | If you're one of our already dedicated listeners or have yet to hear the show, |
| 0:18.3 | I invite you all to join us each and every weekday on The Great America Show, |
| 0:23.1 | available to you on all major podcast platforms. |
| 0:27.2 | Join me for Truth, Justice, and the American Way, each and every day on The Great America Show. |
| 0:40.2 | Hello America and Happy Tuesday. Well, at least it's happy Tuesday if you went to the bank and |
| 0:45.2 | your ATM gave you the money, right? You know, you got money. Some people in California, New York |
| 0:49.5 | didn't have that luck with signature in Silicon Valley bank failures over the last couple of days, |
| 0:53.5 | but we have a lot to focus on today and we have an incredible lineup of guests. We're going to start off |
| 1:00.1 | with the chairman of the House Administration Committee, Brian Stalin. I'm going to tell you why |
| 1:03.7 | that's important in a second. Major data breach affecting the personal data members of Congress from, |
| 1:10.0 | you got it, an Obamacare health care exchange. Obamacare, big government, big exchanges, |
| 1:16.2 | a big privacy failure. We're going to bring up the speed on that in just a second. But Congress's |
| 1:20.8 | style is going to talk about that. He's also on the House Banking Committee and he's got a lot of |
| 1:25.4 | skinny on what Congress was told about why the Silicon Valley Bank and other banks have failed or |
| 1:31.2 | are failing. We think you're going to really enjoy that conversation a lot as a lot of significant |
| 1:36.2 | impact. Then in the second block, we're going to talk to Philip Patrick. He is an analyst at the |
| 1:41.2 | Birch Gold Group, one of our strategic partners here at John Salamore reports had just a news. They |
| 1:45.8 | advertised and we do fun content with them. But Philip has been right about every aspect of the |
| 1:51.7 | US economy starting in the fall of 2020 all the way through the Biden years. He predicted the path |
| 1:58.8 | from big government spending to inflation, inflation to high interest rates, high interest rates |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from John Solomon, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of John Solomon and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.