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Bill O’Reilly’s No Spin News and Analysis

The Recession is Here, Gascon Recall, Patriotic States, Bye Bye Big City, Bill's Restaurant Survival Guide & More

Bill O’Reilly’s No Spin News and Analysis

Bill O'Reilly

News Commentary, Politics, News

3.712K Ratings

🗓️ 22 June 2022

⏱️ 42 minutes

🧾️ Download transcript

Summary

Tonight's rundown: Bill makes the case for why the U.S. is already in a recession The latest on the effort to recall Los Angeles D.A. George Gascon Which states are more patriotic?  New data shows people who left big cities over Covid, haven't returned  Bill's restaurant survival guide This Day in History: John Hinckley Jr. found not guilty Final Thought: Killing the Legends In Case You Missed It: Buy a BillOReilly.com Premium Membership for Father's Day and get "Killing the Killers" free! Click here to watch exclusive clips from the History Tour with Donald Trump Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey, Bill O'Reilly here. Welcome to the news, Ben News for Tuesday, June 21, 2022. Stand

0:18.6

up for your country on the first day of summer, the longest day of the year. So, the airlines,

0:29.8

building down. I am Paul Revere, a modern day Paul Revere. I'm going to prove that coming up.

0:36.8

But first, the talking points memo, the recession is already here. Now, the definition of an

0:45.2

economic recession is when trade and industrial activity are reduced. I don't know about industrial

0:53.5

activity. I don't have the privity of that. But I do know that trade is almost ground to a halt.

1:02.6

Now, I'm going to explain that. So, the experts, they go, we might have a recession in the fall,

1:10.0

it's here for the regular folks. So, US flight bookings mainly because of the money,

1:19.3

but also because the airlines are so terrible are down about 2.5% in May from April.

1:27.7

That's a big drop in one month, particularly when the summer travels season is the biggest season.

1:32.7

All right, so they're down. Auto sales down 3.5% made April. So, people are going, I'm not going

1:42.4

to buy now. And not only with travel and auto sales, but with everything across the board.

1:50.4

And if you've got a borrow money, it's a terrible time to borrow because it's a registration way up.

1:56.6

Now, the Wall Street Journal, which is probably the best American newspaper,

2:02.1

they deserve it. And they came up with 44% of economists that they talk to see a chance of a recession.

2:17.8

44%. No, I read that wrong. Economists, all economists that they say that they talk to see a 44%

2:26.8

chance of recession. That's half. But again, these pinheads, you know, they're in Harvard and

2:35.5

they're 44%. It's here. Gay Clyde, it's here. Now, prison Biden doesn't know,

2:44.4

that casino doesn't know anything. Real tape.

2:50.9

Not the majority of them are saying that. Come on, don't make things up, okay?

2:54.1

Now, you're some Republican politician. I'm joking. That was a joke.

2:59.2

But all kidding aside, no, I don't think it is. I was talking to Larry Summers this morning.

...

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