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The Sean Hannity Show

What Jobs? - February 4th, Hour 2

The Sean Hannity Show

Sean Hannity

News, News Commentary, Daily News, Politics

4.09.9K Ratings

🗓️ 4 February 2022

⏱️ 31 minutes

🧾️ Download transcript

Summary

Austan Goolsbee, a Professor at Chicago's Booth School of Economics and former chairman of the Council of Economic Advisers for the Obama Administration, discuss the job report out today with Sean. 

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Transcript

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0:00.0

hour two Sean Hannity show toll free it's eight hundred nine four one Sean you

0:03.9

want to be a part of the program. A lot of economic news and we're going to get

0:08.8

to our very distinguished colleague professor at Chicago's boot school of

0:13.8

economics former chairman of the Council of Economic Advisors for the Obama

0:19.5

Administration Austin Gullspie and because he's a professor I'm gonna have him

0:24.1

grade Joe Biden on a variety of issues now but first we're gonna start with

0:27.6

the economy and I don't know call me suspicious ADP which has a great

0:34.5

reputation reported a three hundred thousand job loss for January now the

0:40.2

Biden Labor Department reported a four hundred and sixty seven thousand job

0:43.9

gain now you might think Hannity you want the economy to be bad no because I

0:48.5

love my fellow Americans and Biden inflation according to Penn Wharton is

0:53.0

costing up to five thousand dollars per household because of the disaster's

0:58.2

economic and energy policies oil so that we so we have mixed mixed review on

1:03.8

on that number let's give Biden his number for the day but I'm not buying it

1:09.2

I'll put that aside then you have Lawrence Summers not a dumb guy predicting

1:14.6

the Biden inflation crisis of forty year high will become the Biden recession by

1:19.6

the end of this year recession defined as as two negative quarters of of

1:24.9

growth anyway said macro economic policies that push demand well past the

1:30.2

economy's capacity such as those we've pursued over the past year do not just

1:35.3

lead to inflation but rather to increasing inflation with the inflation rate

1:40.9

accelerating for as long as the economy is overheated and he talked about the

1:44.8

painful lessons of the sixty seventies and and Jimmy Carter's recession but

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