>> Dana: AS PRESIDENT BIDEN
USES THE AMERICAN OIL RESERVES.
>> EVERY MONTH THE TYPICAL
TWO-DRIVER FAMILY SAVES $120 AT
THE PUMP COMPARED TO WHERE WE
WERE IN MID JUNE.
EVERY DAY AMERICANS SAVE $420
MILLION AT THE PUMP COMPARED TO
MID JUNE.
>> Dana: LET’S BRING IN CHARLES
PAYNE.
GO FOR IT.
>> EVERY DAY.
WHAT THEY’VE DONE WITH CHERRY
PICKING DATA IS AMAZING.
IN THE LAST 12 HOURS GASOLINE
WENT DOWN HALF A PENNY.
HAVE YOU NOTICED THAT?
AMERICA IS SO UNGRATEFUL.
>> Bill: BERNSTEIN WAS WITH US
LAST FRIDAY AND SAID WE ARE ORE
DOWN A PENNY.
>> FROM JUNE 3 AT 3:00.
WHAT ABOUT THE ENTIRE
ADMINISTRATION?
>> Dana: WHY AREN’T YOU
GRATEFUL?
>> PRESIDENT BIDEN CAN’T
BELIEVE IT.
HE THINKS AMERICA HAS SHIFTED
TO WHERE WE CAN’T -- SOMETHING
FUNDAMENTALLY HAPPENED TO
AMERICANS WE DON’T KNOW HOW TO
BE HAPPY ACCORDING TO PRESIDENT
BIDEN.
WE’RE NOT EMBRACING HIS AGENDA
OR WHAT IT IS CAUSING US.
IT IS CRUSHING PEOPLE.
TO BE FRANK, YOU LOOK OVER IN
EUROPE AND THEY HAVE PROTESTS,
PEOPLE IN THE STREETS OF PARIS
OVER THE WEEKEND.
WE’RE PRETTY SANGUINE ABOUT
THIS AS A NATION.
WE SHOULD BE MORE UP IN ARMS.
THE WHITE HOUSE HAS NO ROOM TO
COMPLAIN.
THEY PUT US IN THIS POSITION.
>> Bill: WHEN YOU THINK ABOUT
THIS, CHARLES.
MAYBE THERE IS A SHELL ACTING
IN 20 DAYS AND MORE SIGNIFICANT
THAN ANYONE PREDICTS.
WOULD IT CHANGE POLICY?
>> IT COULDN’T CHANGE POLICY IN
PLACE.
THINK HOW AGGRESSIVE PRESIDENT
BIDEN HAS BEEN.
THEY’VE BEEN GOING FOR
TRILLIONS.
THE AOCs IN THE WORLD MAY SAY
THEY’RE SOMEWHAT DISAPPOINTED.
THEY CAN’T BE.
THE AMOUNT OF MONEY THAT
PRESIDENT BIDEN POURED INTO
THIS ECONOMY, MODERN MONETARY
THEORY, THE NOTION OF FREE
MONEY SOLVES EVERYTHING IS A
CLEANSER, IT TAKES CARE OF
SOCIAL JUSTICE, GENDER AND
RACIAL JUSTICE.
IT HAS BACKFIRED MISERABLY AND
WHAT REPUBLICANS ARE BLOWING IT
IN SOME WAYS.
WE’VE LIVED AN EXPERIMENT
TOUTED FOR DECADES THAT SOMEHOW
THE GOVERNMENT CAN CURE ALL OUR
PROBLEMS WITH THEIR PRINTING
PRESS.
THEY HAD A CHANCE TO PUT IT IN
PRACTICE AND THEY DID.
NOT JUST THE 1.9 TRILLION.
ALMOST 5 TRILLION PLAN AFTER
PLAN AFTER PLAN.
WHAT HAS HAPPENED SINCE THEN?
SINCE THE 1.9 TRILLION WENT
THROUGH EVERY SINGLE MONTH REAL
WAGES HAVE BEEN NEGATIVE.
EVERY SINGLE MONTH REAL
PURCHASING POWER HAS DECLINED
DRAMATICALLY.
WEEKLY WAGES IF REALTIME GOING
TO THE STORE WHAT YOU CAN GO IN
AND COME OUT WITH HAVE GONE
DOWN DRAMATICALLY.
THE WHITE HOUSE IS FOCUSED ON
THE GREEN UTOPIA THAT THEY
PROMISED CERTAIN PEOPLE AND HOW
TO MESSAGE.
NONE OF IT IS ECONOMIC OR
REALLY ECONOMIC.
OCCASIONALLY THEY HAVE TO WRAP
IT IN THE VENEER OF ECONOMICS,
WHAT I’M WORRIED NOW HOW MUCH
WORSE IT WILL GET AFTER THE
MID-TERMS.
>> Bill: BLOOMBERG SAYS 100%
RECESSION GUARANTEED.
>> BETWEEN 40 TO 90% DEPENDING
WHO THE ENTITY IS.
MORE LIKELY IT WILL HAPPEN.
I TALK ABOUT THESE POLICIES
WHEN IT COMES TO OIL.
TODAY PRESIDENT BIDEN WILL GO
OUT THERE AND TRY TO BLAME THE
OIL COMPANIES AND GOING TO TRY
TO SAY THINGS LIKE I’M GOING TO
BUY OIL FROM YOU AT $67.
YOU HAVE A BOTTOM THERE.
YOU HAVE A FLOOR.
WHICH IS 20% LESS THAN WHERE IT
IS RIGHT NOW.
YOU HAVE NO EXCUSES.
BUT IN THE MEANTIME WHAT HE HAS
DONE WITH THE STRATEGIC
PETROLEUM RESERVE SET US UP FOR
ONE OF THE HARSHEST WINTERS
EVER.
RIGHT NOW HOME HEATING OIL, JET
FUEL, TRACTOR TRAILER OIL,
AGRICULTURAL OIL IS AT A LOWEST
POINT IT HAS BEEN SINCE 1951.
1951.
THAT MEANS INFLATION CONTINUES
AND SOME PEOPLE AREN’T GOING TO
BE ABLE TO AFFORD TO HEAT THEIR
HOMES THIS WINTER.
IT MEANS ALL PRODUCTS WE BUY AT
THE STORES WILL BE MORE
EXPENSIVE.
EVERYTHING IS CONNECTED TO THIS
AND IT IS SUICIDE MISSION, IT
REALLY IS.
NOW HE IS DESPERATE TO GET ANY
SORT OF -- ANY UPTICK THAT THEY
CAN GO IN AND SAY HEY LOOK,
SINCE THIS PARTICULAR DAY OIL
PRICES ARE DOWN AND WE’VE SAVED
YOU WHATEVER IT IS.
OF COURSE THEY HAVEN’T.
>> Dana: THEY WILL ANNOUNCE
ANOTHER RELEASE OF THE
STRATEGIC RESERVE TODAY.
>> IT WILL BE THE MESSAGING TO
BLAME THE OIL COMPANIES FOR NOT
HELPING OUT.
>> Dana: THEY ARE GOING TO SAY
IT IS YOUR PATRIOTIC DUTY.
>> I WANT MY PEOPLE TO WATCH MY
A BLOCK.
I HAVE A SPECIAL GUEST ON THIS
AND GO OVER WHAT’S GOING ON.
THIS IS DANGEROUS STUFF AND