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>> Sean: TONIGHT, AMERICANS
CONTINUE TO SUFFER UNDER THE
SURGEON COST OF THE BIDEN
AGENDA.
OF COURSE THE RADICAL CLIMATE
ALARMIST RELIGIOUS CULT AGENDA,
NEW GREEN DEALISM, INFLATION
CONTINUES TO HOVER AT A 40 YEAR
HIGH, THE CRISIS IN THE GROCERY
AISLE CONTINUE TO SOAR AND GAS
PRICES, YEP, HIT ANOTHER NEW
RECORD HIGH, ONE AFTER ANOTHER
AFTER ANOTHER UNDER JOE BIDEN.
OF COURSE HE ARTIFICIALLY
REDUCED THE WORLD’S SUPPLY AND
GAVE UP ENERGY INDEPENDENCE.
ONE EXAMPLE FOR EXAMPLE ALL
ACROSS CALIFORNIA, WE ARE NOW
SEEING THE PRICE OF A GALLON OF
GASOLINE HIGHER THAN THE FEDERAL
MINIMUM WAGE, WHICH IS 7.25 AN
HOUR.
OF COURSE AS THE CRISIS BUILD UP
AND HIS APPROVAL RATING GOES
DOWN TO 32%, THE WHITE HOUSE,
THEY JUST TRY TO BLAME PUTIN,
THEY BLAME COVID, THEY BLAME
FOX, THEY BLAME HANNITY, THEY
BLAME TRUMP, AND TODAY THEY
BLAME THE FEDERAL RESERVE.
MEANWHILE, BIDEN’S ENERGY CRISIS
IS GOING FROM BAD TO WORSE AS
THE INTERNATIONAL ENERGY AGENCY
IS WARNING FUEL SHORTAGES THIS
SUMMER COULD BE WORSE THAN THE
OIL CRISIS OF THE ’70s.
FOR THOSE OF YOU THAT I DON’T
MEMBER DAYS, I GREW UP WAITING
ONLINE, ODD DAYS, EVEN DAYS, FOR
MAYBE $10 WORTH OF GAS, 85 AT
THE TIME.
IT ALL COMES AS AMERICANS ARE
GROWING MORE AND MORE
PESSIMISTIC ABOUT THE BIDEN
ECONOMY.
LOOK AT THE GALLUP NUMBERS.
THE ECONOMIC CONFIDENCE INDEX
HAS NOW CRATERED TO A WHOPPING
MINUS 45.
THAT’S THE LOWEST SINCE THE TAIL
END OF THE RECESSION IN 2009.
HERE WITH REACTION, FOX BUSINESS
HOST LARRY KUDLOW, AND THAT
RECESSION WAS PRETTY STEEP AND
DEEP AND WIDE.
I REALLY HAVE TWO QUESTIONS.
I DON’T SEE THAT THEY ARE DOING
A SINGLE THING TO ME THAT WOULD
HELP US RECOVER.
AS A MATTER OF FACT, ONE OF THE
BEST THINGS THEY COULD DO FOR
INFLATION IS RETURNED TO ENERGY
INDEPENDENCE, THAT WOULD BE AN
EASY FIX FOR INFLATION AND THE
HIGH COST OF EVERYTHING WE BUY
IN EVERY STORE WE GO TO.
NUMBER ONE.
NUMBER TWO, YOU KNOW THE ECONOMY
AS WELL AS ANYBODY I KNOW.
FOR THOSE AMERICANS, TWO-THIRDS
OF WHICH ARE NOW LIVING PAYCHECK
TO PAYCHECK, WHAT ADVICE DO YOU
GIVE THEM?
WHAT ABOUT THEIR 401(K)s,
THEIR IRAs, RETIREMENT MONEY?
WHAT YOU TELL THEM TO DO AT THIS
POINT?
>> WELL, SEAN, BANK YOU FOR
HAVING ME ON AGAIN, AND LET ME
TACKLE THE FIRST POINT.
YOU KNOW, BIDEN’S ARTICLE IN
"THE WALL STREET JOURNAL" TODAY
THAT WAS THE TALK OF THE TOWN
HAD NO NEW INFLATION PLAN,
ANTI-INFLATION PLAN.
IT HAD NOTHING.
WHAT HE IS SETTING US UP HERE IS
FOR HIS VISION, THIS WOKE VISION
OF A FOSSIL FREE ECONOMY, WHICH
IS GOING TO DO ENORMOUS DAMAGE
TO THE ECONOMY.
IT WILL PUT IT IN A PERMANENT
RECESSION.
IT WILL CAUSE MILLIONS OF JOB
LOSSES AND RISING UNEMPLOYMENT.
AND OF COURSE, AS YOU CAN SEE,
THE GAS PRICES AND THE DIESEL
PRICES AND THE WORLD OIL
PRICE -- THAT’S GONE BACK TO
$120, SO INFLATION IS GOING TO
RAISE.
HE HAD NO PLAN TODAY.
HE WANTS FOSSIL FREE, HE KNOWS
IT’S GOING TO CAUSE A RECESSION
AND I DON’T THINK THEY CARE, AND
I THINK ALL THIS TALK IN THIS
"WALL STREET JOURNAL" ARTICLE
ABOUT A TRANSITION, I THINK HE
IS SAYING IT’S A TRANSITION TO
FOSSIL FREE AND IT’S A
TRANSITION TO RECESSION AND THEY
ARE TRYING TO SUGARCOAT IT
PEOPLE ARE GOING TO SEE RIGHT
THROUGH IT.
SO IT’S A TERRIBLE PLOY.
I MEAN, LOOK, YOU WANT TO END
INFLATION?
I’VE GOT A PLAN.
WE WILL CALL IT THE KUDLOW
HANLEY PLAN BECAUSE I THINK
YOU’RE MOVING UP THE LADDER TO A
B OR B+ IN ECONOMICS.
>> Sean: THANKS A LOT.
I GOT A BAD GRADE LAST WEEK.
>> I AM PICKING IT UP.
I’M ACTUALLY PICKING IT UP.
A DOMESTIC SPENDING FREEZE, CUT
TAX RATES FOR SUPPLY-SIDE
ECONOMIC GROWTH, OPEN UP THE
SPIGOTS FOR DRILLING OF OIL AND
GAS AND PIPELINES.
>> Sean: AND FRACKING.
>> DO REGULAR BUSINESS -- YEAH,
YOU CAN FRACK.
DEREGULATE ALL BUSINESS, STOP
THESE PRICE CONTROLS AND THE FED
IS GOING TO HAVE TO RAISE
INTEREST RATES AND TAKE SOME
CASH OUT OF THE ECONOMY.
THAT WOULD BE AN ANTI-INFLATION
PLAN.
BUT THAT’S NOT WHAT YOU SIGN THE
PAPER TODAY.
WHAT YOU SAW IN THE PAPER TODAY
IS NO OIL AND GAS PRODUCTION
INCREASES, MORE BUILD BACK
BETTER FOR $5 TRILLION, TAX
WEALTHY PEOPLE, SUCCESSFUL
LEARNERS, AND CORPORATIONS, AND
REGULATE BUSINESS LEFT AND
RIGHT.
SO IT’S THE EXACT OPPOSITE,
OKAY?
AND THAT IS THE PROBLEM, AND
THAT’S WHY THIS INFLATION IS NOT
GOING AWAY.
>> Sean: SO WE WILL BEG OPEC,
AND THEY WILL REJECT US AGAIN.
THEY WILL DO A BAD DEAL WITH
IRAN, THAT’S REALLY DUMB, MAKING
THEM ALL IS RICH AGAIN, DO
BUSINESS WITH THE MURDERING
DICTATOR THOUGHT OF VENEZUELA,
BUT LET ME GO TO PART B OF MY
QUESTION, WHICH WAS FOR EVERY
AMERICAN THAT HAS, YOU KNOW,
MONEY IN THE STOCK MARKET, A
401(K), AN IRA, WHATEVER IT
HAPPENS TO BE, WHAT DO YOU SAY
TO THEM AS THEY SEE THEIR
HARD-EARNED RETIREMENT MONEY
DWINDLING BY THE HOUR TO
>> WELL, LOOK, I BELIEVE IN
STOCKS FOR THE LONG RUN.
THIS WOKE BIG GOVERNMENT
SOCIALISM FROM JOE BIDEN THAT’S
DAMAGING THE REAL VALUE OF
STOCKS IS GOING TO GO AWAY.
IF NOT GOING TO LAST, THE
CAVALRY IS COMING, THE CONGRESS
IS GOING TO CHANGE IN 2022.
THIS NOVEMBER.
AND SO WILL THE WHITE HOUSE IN
’24.
LOOK, SEAN, MY ADVICE IS, FOLKS,
DON’T SELL.
I ACTUALLY THINK THE STOCK
MARKET HAS MORE DOWNSIDE, OKAY?
WE HAVE NOT SEEN THE BOTTOM, BUT
I WOULD STILL SAY DON’T SELL.
BUY AS THE MARKET GOES DOWN.
STOCKS FOR THE LONG RUN IS THE
BEST WAY TO DO IT, AND FINALLY,
IF YOU HAVE SOME CASH, BUY THE
TREASURY SAVINGS BONDS, THEY ARE
CALLED EYE BONDS, THEY ARE
INDEXED FOR INFLATION.
THE YIELD IS ABOUT 10%, SO TRY A
SAVINGS BOND AND STAY IN THE
MARKET, DO NOT OUT TIME THE
MARKET, STOCKS IN THE LONG RUN,
THE CAVALRY IS COMING, THESE
CRAZY WOKE POLICIES ARE NOT
GOING TO LAST THE TEST OF TIME.
>> Sean: LARRY, THE CAVALRY
WILL START IN 2023, ASSUMING THE
REPUBLICANS TAKE OVER THE HOUSE
AND SENATE, BUT YOU NEED THE
HOUSE, THE SENATE, AND THE
WHITE HOUSE TO REALLY GET THE
JOB DONE.
SO THIS IS GOING TO BE -- THIS
IS GOING TO BE A LOT LONGER THAN