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Conservative Review with Daniel Horowitz

Stagflation, Oil Spikes & War: Why America Isn’t Ready | 3/20/26

Conservative Review with Daniel Horowitz

Blaze Media

Society & Culture, News Commentary, News, Politics

4.83.5K Ratings

🗓️ 20 March 2026

⏱️ 57 minutes

🧾️ Download transcript

Summary

Are we sleepwalking into an economic disaster? I’m joined by economist and energy expert Tracy Shuchart, who breaks down why America's fragile, debt-ridden economy will struggle to sustain a $200 billion war with Iran. We explain why, despite the good intentions of dealing with Iran, the U.S. is not economically prepared for war — and how oil shocks, stagflation, and runaway debt could trigger a financial crisis. Tracy makes the point that we should focus more on oil refineries and pipelines, which are even more important than increased oil drilling. Separately, I tackle how Trump is both retreating on immigration and making the issue unpopular. Also, he is focused on the wrong issues with AI and is more interested in building the surveillance state than a healthy, broad-based economy.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Politics without the soap opera with unfiltered constitutional conservative truth.

0:06.5

The Conservative Review with Daniel Burns.

0:09.1

And welcome back fellow American patriots and Minutemen standing at the ready to fight anew

0:14.1

for the issues that matter on this Friday, first day of spring, as things grow because God ordained it as such. One thing that's not

0:25.1

growing is our economy and the brains of the Republican Party and the fake conservative movement.

0:30.8

We're going to try to do that here today at CR podcast, your host, Daniel Hurwitz.

0:36.5

We've been talking a lot about economic stuff, fiscal stuff.

0:40.3

I haven't talked a lot about the war in Iran, but I want to talk about it through the prism of

0:45.9

the economy. And the fact that, you know, we want to be tough on Iran, but the problem we have is

0:52.5

that when you suck on every other issue,

0:54.7

including the economy, it creates two problems. It creates a logistical problem, and it

0:59.8

creates a political problem. So the logistical problem is you need a wartime economy to support a

1:07.6

war. We have a sucky, fragile stagflation economy with record prices, very low

1:15.3

employment, no real manufacturing and output. So when you go through a war, you're subject to shocks

1:23.2

in the system that are natural, even if the war is going well, but you're going to have problems,

1:27.4

particularly with the Straits of Hormuz, with oil. And I've said before, I've in the system that are natural, even if the war is going well, but you're going to have problems,

1:34.0

particularly with the Straits of Hormuz, with oil. And I've said before, I support clearing the shipping lanes permanently and getting rid of the menace that spikes the price of oil,

1:39.5

even if that's going to cost, you know, a month worth of temporary spikes. But the problem is,

1:45.5

what if you have an economy that can't handle it? Because we're so weak. And this is the

1:51.4

problem with Trump squandering, frankly, his first term, causing all the COVID debt, and then

1:57.5

coming back and doing nothing but sophistry. So yeah, I mean, we're, we're not in a

2:03.3

position to wage war. He's asking for $200 billion for it. We don't have the money and it's going to

...

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