CONGRATULATIONS ON THE BOOK,
TRANSCEND FEAR.
I APPRECIATE YOU JOINING US ON
HANNITY.
>>> DON’T CHECK YOUR 401(k)
BALANCE TONIGHT BECAUSE THE
STOCK MARKET HAD ONE OF THE
WORST DAYS IN MONTHS.
INVESTORS WERE REACTING TO A
SPEECH FROM FED CHAIRMAN JEROME
POWELL WHO SAID HE IS COMMITTED
TO FIGHTING INFLATION NO MATTER
WHAT.
HAVE A LOOK.
>> REDUCING INFLATION IS LIKELY
TO REQUIRE A SUSTAINED PERIOD OF
SUSTAINED GROWTH.
MOREOVER, THERE WILL VERY LIKELY
BE SOFTENING OF LABOR MARKET
CONDITIONS.
WHILE HIGHER INTEREST RATES,
SLOWER GROWTH AND SOFTER LABOR
MARKET CONDITIONS WILL BRING
DOWN INFLATION, THEY WILL ALSO
BRING SOME PAIN TO HOUSEHOLDS
AND BUSINESSES.
THESE ARE THE UNFORTUNATE COSTS
OF REDUCING INFLATION.
BUT A FAILURE TO RESTORE PRICE
STABILITY WOULD MEAN FAR GREATER
PAIN.
>> ONE THING IS CERTAINLY NOT
GOING TO HELP INFLATION IS
BIDEN’S STUDENT DEBT RELIEF
SCAM.
NOW CONGRESSIONAL REPUBLICANS
ARE SPEAKING OUT DEMANDING NANCY
PELOSI STAND UP TO BIDEN AND
REMIND HIM AS SHE HERSELF ONCE
SAID, THAT HE DOES NOT HAVE THE
POWER TO UNILATERALLY CANCEL
STUDENT DEBT.
HERE NOW WITH MORE ARE FLORIDA
CONGRESSMAN BYRON DONALDSON AND
FOXBUSINESS CONTRIBUTOR PHIL
FLYNN.
GENTLEMEN, THANKS WERE JOINING
US.
CONGRESSMAN, I WILL START WITH
YOU.
RAISING TAXES, THROWING HUNDREDS
OF BILLIONS OF DOLLARS, THAT
DIDN’T HAPPEN AFTER INFLATION
DID IT?
>> IT WILL ACTUALLY CAUSE MORE
INFLATION.
THE PROBLEM IS THAT JOE BIDEN
AND THE DEMOCRATS HAVE NOTHING
ELSE TO RUN ON.
THE ONLY WEIGH TO FIX AMERICA IS
TO REVERSE COURSE ON ALL OF
THEIR CRAZY POLICIES.
HOW CAN YOU RUN FOR ELECTION IN
A COUPLE MONTHS WHILE REVERSING
COURSE ON YOUR AGENDA TO FIX THE
COUNTRY?
IT DOESN’T WORK.
THEY WILL DOUBLE DOWN AND
TRIPLED DOWN AND IT WILL CAUSE
MORE HARM.
IT’S ABOUT TIME THAT SECRETARY
POWELL, CHAIRMAN POWELL, EXCUSE
ME STARTED ADMITTING WHAT
EVERYBODY ELSE KNOWS.
THIS IS GOING TO GET MUCH WORSE
IF WE DON’T RAISE INTEREST
RATES, STRANGLE THE INFLATION.
ON CAPITOL HILL WE HAVE TO STOP
THE INSANITY.
>> YEAH.
IT TAKES DISCIPLINE.
BUT IN AN ELECTION YEAR IT IS AN
COLLECTION YEAR.
THE WHITE HOUSE NEVER SEEMS TO
BE ABLE TO DO THAT.
YOU SAW THE FED CHAIRMAN,
COMMENTS AND THE REDUCTION ACT.
WHAT IS YOUR TAKE ON THIS?
>> MY TAKE IS FED CHAIRMAN
POWELL BASICALLY SAID, LISTEN TO
THE AMERICAN PEOPLE.
YOU HAVE TO TAKE A LOT OF PAIN.
YOU MAY LOSE YOUR JOB BECAUSE OF
THE BAD POLICIES WE MADE IN
WASHINGTON.
THAT’S WHAT HE SAID VERY
CLEARLY.
IT’S OBVIOUS THAT THE BIDEN
ADMINISTRATION POLICIES HAVE
BEEN ADDED TO INFLATION.
THEY CAN BLAME VLADIMIR PUTIN
AND SAY IT’S TRANSITORY, BUT THE
RECORD AMOUNT OF SPENDING AND
ONCE AGAIN THE COLLEGE SPENDING
BILL WHICH IS MORE INFLATIONARY
AND CAUSES MORE PROBLEMS DOWN
THE ROAD IS CAUSING MORE
ECONOMIC PAIN WHERE THE AVERAGE
AMERICANS.
A LOT OF AVERAGE AMERICANS
COULDN’T EVEN GET A LONE TO GO
TO COLLEGE YET BUT THEY MIGHT
HAVE TO WORK TO PAY OFF OTHER
PEOPLES LOANS.
THAT IS A VERY BAD THING.
THE MAIN REASON THAT THE BIDEN
ADMINISTRATION SAID THE COST OF
COLLEGE HAS GONE UP AND FEDERAL
GRANTS HAVE NOT KEPT PACE.
THE QUESTION IS WHY OUR COLLEGE
PRICES GOING UP FASTER THAN
INFLATION?
THE BIDEN ADMINISTRATION IS
TRYING TO MAKE MORE INFLATION TO
KEEP UP WITH COLLEGE COSTS, I
GUESS.
>> IT IS CRAZY TIMES.
THE LEFT IS GOING TO BE
GALVANIZED ON THE ROE V. WADE
ISSUE.
WE HAVE SEEN THAT PLAYING OUT.
CONGRESSMAN, WHAT IS GOING TO BE
THE CALL FOR REPUBLICANS TO GET
OUT THE VOTE COME NOVEMBER?
>> I HAVE A LAUNDRY LIST.
NUMBER ONE, SECURING THE BORDER
AND STOPPING FENTANYL FROM
KILLING KIDS AND PEOPLE IN THE
UNITED STATES.
NUMBER TWO, HAVING A SOUND
SPENDING STRATEGY TO CURTAIL
INFLATION AND GET OUR FISCAL
HOUSE IN ORDER.
NUMBER THREE, ACTUALLY HAVING
SOME REAL STRATEGIES WITH
RESPECT TO THE OIL MARKETS IN
THE UNITED STATES, THE ENERGY
FRAMEWORK IN THE UNITED STATES,
THAT CAN BRING CHEAP FUEL FOR
THE AMERICAN PEOPLE.
NUMBER FOR, HAVING REAL
INVESTIGATIONS AND HOLDING THE
ADMINISTRATION ACCOUNTABLE.
EVERY AMERICAN KNOWS WHETHER YOU
ARE REPUBLICAN DEMOCRAT OR
INDEPENDENT, THIS PRESIDENT AND
ADMINISTRATION IS FAILING YOU
AND REPUBLICANS ARE THE ONLY
ONES THAT WILL HOLD JOE BIDEN
ACCOUNTABLE.
>> FISCAL DISCIPLINE, LIMITED
GOVERNMENT ACCOUNTABILITY AND A
STRONG NATIONAL DEFENSE.
THAT IS THE KEY.