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The Erick Erickson Show

S11 EP172: Hour 3 - The Economy Starts Melting Down

The Erick Erickson Show

Erick Erickson

News Commentary, News

4.5876 Ratings

🗓️ 27 September 2022

⏱️ 39 minutes

🧾️ Download transcript

Summary

We are starting to see the real signs of a crumbling economy and what’s behind pipeline damage in Europe.

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Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Eric Erickson Show podcast, Our Three.

0:13.7

Hello and welcome. It is Eric Erickson here. The Eric Erickson show. The full number is 8779773-725. Should you wish to be on the program,

0:26.6

delighted to have you with me. I got to go to the economic news of the day because, well,

0:33.0

there are problems out there. You know, so Joe Biden spoke yesterday to the public. And in his

0:40.5

speech, he talked about, well, you know, inflation really hadn't gone up a lot. Gas prices are

0:46.1

below $3 a gallon. And to be fair, I was a Barnsley Gardens north of Atlanta. Great place, great

0:51.9

golf pro. My gosh, best golf lesson I've ever had. And I filled

0:57.2

up my gas in my car and I've got a nice car used premium gas and it was less than $3 a gallon.

1:02.6

But subsequently, when I got home, it was over $3 a gallon for even regular unleaded. And now it's

1:09.7

gone up because of the hurricane.

1:11.9

And with the stop of the Strategic Petroleum Reserve release,

1:16.6

it's probably going to go up higher again.

1:18.7

Some analysts are now saying he'd go back up to $5 a gallon.

1:23.0

By the way, natural gas prices are going back up.

1:25.9

There's been, it looks like sabotage of the Nord Stream pipelines, one and two. If one of them had a leak, that would be something. But for both of them to get leaks, the European governments believe someone is sabotaging the pipelines. The Russians are saying it's the Americans who are sabotaging it. Gas prices are going to go up, natural gas prices are going to go up, energy prices are going

1:45.9

to go up, and the president thinks it's no big deal.

1:48.2

I want to play this audio for you.

1:49.4

This is Britt Hume.

1:50.4

He was on with Brett Baer last night on a special report, which used to be Brit Hume's show.

1:57.4

Handed it over Brett Baer some time ago.

1:59.1

Now he's a commentator.

2:00.0

Listen to Brett Hume because he makes some good points.

...

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