The Ben Shapiro Show - The Inflation Reduction Act That Doesn’t Reduce Inflation | Ep. 1558

00:00:00.000 The Federal Reserve announces that inflation will remain high as Democrats and the media chair the so-called Inflation Reduction Act.

00:00:05.000 Bill Gates brags about how he got the bill across the finish line.

00:00:08.000 And Liz Cheney launches her bid to take down Donald Trump.

00:00:11.000 I'm Ben Shapiro.

00:00:11.000 This is the Ben Shapiro Show.

00:00:13.000 Today's show is sponsored by ExpressVPN.

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00:00:26.000 We'll get to all the news in just one moment, including the Inflation Reduction Act.

00:00:30.000 Get ready for it, guys.

00:00:31.000 It doesn't actually reduce inflation.

00:00:33.000 I know, you're shocked.

00:00:34.000 Speaking of which, you know, if the Inflation Reduction Act isn't going to reduce inflation, and inflation is going to continue, Maybe you should take some of your money out of the American dollar and put it into a place that has been inflation proof for literally all the time.

00:00:47.000 That would be into gold and silver.

00:00:48.000 During the 2007 recession, Washington Mutual, Lehman Brothers, Chrysler, multiple blue chip stocks went down to zero overnight. Could that happen again?

00:00:55.000 If so, how confident are you your Well, throughout history, gold has always been your best hedge against inflation.

00:01:01.000 Smart Americans diversify.

00:01:02.000 They at least want some of your gold.

00:01:04.000 I'm not saying like take all of your stocks and liquidate them and buy just stockpiles of gold.

00:01:07.000 I'm saying you need to diversify into gold at least a little bit because I have.

00:01:11.000 Smart Americans do this to protect themselves from downturns in the market due to global instability or the falling dollar.

00:01:16.000 It's not too late for you to take action right now.

00:01:18.000 Birch Gold Group helps you hold gold and silver in a tax shelter retirement account.

00:01:21.000 In fact, if you have a 401k or IRA that's underperforming, just text Ben to 989898.

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00:01:28.000 Again, text Ben to 989898.

00:01:30.000 Birch Gold will send you a free info kit on diversifying into gold.

00:01:33.000 Tax-free. Take the necessary steps to hedge against inflation today. Protect your hard-earned money.

00:01:37.000 Get your free info kit by texting BEN to 98-98-98 right now.

00:01:42.000 Well, it seems that the Democratic attempt to pass a boondoggle bill filled with a bunch of green garbage and then call it the Inflation Reduction Act and then get a bunch of people to vote for it, that's not going to work so well because as it turns out, it's not actually reducing inflation. 0.96

00:01:56.000 And it just goes to the point of how stupid our politics is. 0.99

00:02:00.000 You just take a bag of crap and you label it gold and then you throw it out there. 1.00

00:02:04.000 And if you're on the left wing, the media will just say, oh, well, it must be gold. 0.99

00:02:06.000 I mean, it says right on this bag that what's in this bag is gold.

00:02:09.000 And you're like, wait, hold on. 0.99

00:02:10.000 That really looks and smells like like crap. 0.99

00:02:12.000 Like, no, no, no. 0.99

00:02:13.000 It's gold.

00:02:14.000 It says right on the bag.

00:02:16.000 It's gold.

00:02:17.000 And so I'm telling you, this is an inflation reduction act.

00:02:19.000 Even if there is no evidence, it's going to actually reduce inflation. 0.99

00:02:22.000 And then later, when you open up, you're like, wait, it's it is in fact a bag of crap. 1.00

00:02:26.000 Like we always knew it was a bag of crap. 0.99

00:02:27.000 And let me tell you, that bag of crap is going to be so helpful to you. 1.00

00:02:30.000 You have no idea how that crap is going to help. 0.99

00:02:32.000 That's exactly how they pitched the inflation reduction act. 0.97

00:02:35.000 And now what is actually in it, according to the Federal Reserve, Ready for it?

00:02:39.000 Ready for it?

00:02:40.000 Inflation is going to remain uncomfortably high.

00:02:42.000 But wait!

00:02:43.000 I was told that all of this spending was going to bring down inflation. 0.99

00:02:46.000 I was told this by the doddering fool in the White House and all of his lackey sycophants in the media. 0.91

00:02:50.000 I was told that if we followed Joe Biden's plans to the utmost, inflation would come down. 0.98

00:02:57.000 And in fact, everything would be fine.

00:02:59.000 And now I'm being told by the Federal Reserve that it's not going to happen?

00:03:02.000 Why, it's almost as if we were lied to.

00:03:04.000 No, no, they would never do that.

00:03:06.000 They're so honest.

00:03:07.000 But yes, in fact, they lied to you.

00:03:09.000 According to the New York Times, Federal Reserve officials viewed their efforts to tame inflation as beginning to have an effect, according to the minutes of their meeting in July.

00:03:16.000 But they also remain committed to further raising interest rates as prices stay too high for comfort.

00:03:20.000 Fed policymakers in recent months have become increasingly aggressive in their efforts to curb inflation, which this spring hit a four decade high.

00:03:26.000 In June, the central bank raised its benchmark interest rate three quarters of a percentage point, the largest increase since 1994.

00:03:31.000 They followed that up with another equally large rate increase last month.

00:03:34.000 It is in your certainty the Fed will raise rates again when central bank officials next meet September 20th to 21st.

00:03:39.000 The question is by how much?

00:03:41.000 Another three point quarter.

00:03:42.000 Three quarter point increase would be a strong indication that policymakers are determined not to relax their efforts until they see clear evidence that inflation has slowed.

00:03:51.000 A half-point increase would suggest the Fed believes it can ease up, if only slightly.

00:03:54.000 Further rate hikes are clearly in the cards, says Michael Gapin, chief U.S.

00:03:57.000 economist for Bank of America.

00:03:58.000 Another strong jobs report, he said, could lead to another three-quarter point increase.

00:04:02.000 If that doesn't happen, a smaller increase is more likely.

00:04:04.000 So instead of them attempting to kill inflation outright, they're now going to attempt to balance.

00:04:08.000 So if there are job losses, if the economy starts to slow, they're going to still go up on the interest rates, but they're not going to go up as much as they normally would.

00:04:16.000 Now, Mohamed El-Erian of Allianz, he suggested that this sort of tapping on the brakes approach from the Federal Reserve is unlikely to succeed.

00:04:23.000 They're just not that good at this.

00:04:25.000 The notion that they can magically tailor their rate increases to prevent recession, but also to quash inflation seems pie in the sky, especially after they blew this so badly that we ended up with a four decade high in inflation.

00:04:36.000 But apparently that is what the Federal Reserve is now going to try to do.

00:04:38.000 They're going to try to tailor their response to the possibility there might be too many jobs lost and so what we're going to do is we're going to gradually raise the interest rates.

00:04:45.000 The truth is what you actually need to do is shock the interest rates and then shock the inflation market.

00:04:50.000 What you do is you raise the interest rates actually rather dramatically and then what you get is a very quick a quick quash of the economy and then it swings back into normalcy. That's actually what you need to do is what Paul Volcker did. He radically raised the interest rates when he had a serious inflation rate and it took about a year and then things started to get a lot better and they stayed a lot better for approximately 20 years. You could see something like that again if the Federal Reserve had a little bit more intestinal fortitude, but they don't unfortunately.

00:05:17.000 And so they're just going to keep tapping on those brakes, hoping to avoid the worst consequences of their own malfeasance over the course of the last several years.

00:05:24.000 Minutes from the Fed's July meeting, which were released Wednesday, suggest the decision will depend on economic data released in the coming weeks, including reports on inflation and jobs.

00:05:31.000 The minute said, quote, participants concurred that the pace of policy rate increases and the extent of future policy tightening would depend on the implications of incoming information for the economic outlook and risks to that outlook.

00:05:41.000 Policymakers continue to express concern about rapid price increases.

00:05:44.000 They say, quote, Wait, but I was told by Joe Biden that inflation pressures are subsiding and that everything is all better.

00:05:53.000 After all, we passed an Inflation Reduction Act.

00:05:55.000 It's called the Inflation Reduction Act, guys.

00:05:57.000 It says right in the act that it's an Inflation Reduction Act.

00:06:00.000 According to the Federal Reserve, however, they judged inflation, the policymakers, would respond to monetary policy tightening and the associated moderation in economic activity with a delay and would likely stay uncomfortably high for some time.

00:06:11.000 So, all that talk about how it's going to go down before the midterms?

00:06:13.000 No.

00:06:14.000 Nope, it's going to be uncomfortably high for some time.

00:06:17.000 As a result, Fed officials said they remain committed to moving up to a restrictive stance of policy, meaning raising rates high enough that they meaningfully slow the economy.

00:06:26.000 In speeches and interviews after the meeting, Fed officials pushed back against the idea of a Fed pivot in inflation.

00:06:30.000 In an interview with the New York Times this month, Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said he was surprised by markets interpretation and the policymakers were still a long way from winning their fight against inflation.

00:06:41.000 Seth Carpenter, chief economist at Morgan Stanley, said the minutes were pretty two-handed, neither committing to another supersized rate increase nor ruling one out.

00:06:47.000 Which again, does not give the markets the quietude they require in order to solidify investment or to tell you to get out of the market.

00:06:54.000 And so what you have right now is the market kind of in a holding pattern, trying to read the physiognomies of the members of the Federal Reserve.

00:07:01.000 And we're now doing tea leaf reading over at the Federal Reserve.

00:07:04.000 We got the tariff cards out and we're supposed to try and Realize what exactly they're going to do with the economy.

00:07:09.000 The economy was never supposed to work this way.

00:07:11.000 Cadres of experts who control everything that you do.

00:07:14.000 These are bad ideas.

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00:08:19.000 According to the Wall Street Journal, Federal Reserve officials agreed at their monetary policy meeting last month they needed to keep raising those interest rates enough to counter inflation.

00:08:28.000 That signaled greater caution with the pace of coming increases.

00:08:31.000 The first concern, which the Minutes described as significant, is they might need to raise rates more than currently anticipated if price pressures have spread more broadly throughout the economy.

00:08:38.000 Which, by the way, they kind of have, because the 0% month-on-month inflation increase that Joe Biden was bragging about was entirely due to the lowering of energy prices.

00:08:47.000 The lowering of energy prices is entirely due, in turn, to lack of demand for the energy.

00:08:52.000 It's not due to increased supply, it's due to lack of demand.

00:08:54.000 So the economy is slowing.

00:08:55.000 And so you're starting to see that in the energy prices, but the rest of the economy's inflation remains like red hot.

00:09:02.000 If you have an overall inflation rate that is the same month over month, but the energy prices are way down, what that means is that in other areas of the economy, the inflation rate actually went up over the course of the last month, which is precisely what you see when you look at the stats.

00:09:14.000 Officials for the first time acknowledged they might also raise borrowing costs more than needed, causing unwarranted economic weakness because of the delay between when borrowing costs go up and when that is reflected in economic activity.

00:09:24.000 The minute said, quote, participants judged that as the stance of monetary policy tightened further, it would likely become appropriate at some point to slow the pace of policy rate increases while assessing the effects of cumulative policy adjustments on economic activity and inflation.

00:09:36.000 Again, the stock market continues to kind of hang around.

00:09:39.000 It's not clear that anybody kind of knows which way things are going.

00:09:44.000 According to The Wall Street Journal.

00:09:47.000 The Dow and S&P 500 rose after the minutes were released.

00:09:49.000 They later retreated to the downbeat tone set earlier in the day after pre-market earnings reports from major retailers, including Target.

00:09:55.000 So the markets are in a state of turmoil, and shocker, it turns out that that Inflation Reduction Act has done nothing to quell the market worries.

00:10:01.000 It has done nothing to actually bring down inflation.

00:10:03.000 And everybody knows this.

00:10:05.000 Because again, the game of politics is slap a name on a bill, the media repeat it if you are a Democrat, and if a Republican Governor, for example, pushes a bill and the media just make up a name for it and they go with that.

00:10:15.000 So the Inflation Reduction Act is what the media will continue to call an act that has nothing to do with inflation reduction.

00:10:21.000 But the bill in Florida that is meant to prevent the sexual indoctrination of young children will be called until the end of time.

00:10:27.000 They don't say gay bill by the media because, again, the media are a Democrat interest group.

00:10:31.000 End of story.

00:10:32.000 There is no gap between the media, the mainstream legacy media and the Democratic Party.

00:10:36.000 They are one and the same.

00:10:37.000 They are the PR wing for the Democratic Party.

00:10:40.000 Well, in reality, of course, this isn't going to bring down inflation.

00:10:43.000 So all the talk about, look, Joe Biden, wow, he's he's wearing his aviators gang.

00:10:47.000 Joe Biden, cool Joe.

00:10:47.000 He's back.

00:10:49.000 He's back.

00:10:50.000 And now he's going to be surging in the polls.

00:10:52.000 I see literally no evidence of this.

00:10:54.000 I'm wondering if anybody has any evidence that they'd like to present that this is, in fact, the case.

00:10:59.000 The spread on his approval rating remains negative 16 percent, according to RealClearPolitics.

00:11:05.000 According to the latest Reuters-Ipsos poll, which came out just a couple of days ago after this bill was passed, His approval rating remains at 38%.

00:11:12.000 He has not exceeded 44% in any poll for the last year, maybe?

00:11:20.000 His ratings stink.

00:11:22.000 And the attempt to make fetch happen here, to suggest that Joe Biden is now on the upswing.

00:11:28.000 Based on what?

00:11:29.000 Again, the American people, Joe Biden may think it's a priority to expend hundreds of billions of dollars on green nonsense.

00:11:36.000 But the rest of the American people don't actually think that way.

00:11:38.000 So it's so funny to watch Democrats pat themselves on the back for passing a bill that is not going to meaningfully affect the lives of Americans in any positive way.

00:11:45.000 And then say, well, at least we got something.

00:11:47.000 Yes, but the thing you got done is not the thing we wanted you to get done.

00:11:50.000 Economist Jeffrey Sachs says, listen, everyone knows this doesn't bring down inflation.

00:11:55.000 Democrats probably got this bill passed because in part they called it the Inflation Reduction Act.

00:12:00.000 Is that just a marketing tool or will it have an impact on prices coming down?

00:12:05.000 Completely marketing tool.

00:12:08.000 That was a title that seemed to work better than build back better.

00:12:13.000 And so they went with that.

00:12:15.000 But the inflation we're experiencing now is not addressed at all in this legislation.

00:12:21.000 There are perhaps some cost containments down the road in a few years on some drug prices, which will be helpful.

00:12:30.000 But basically, this isn't about inflation reduction.

00:12:34.000 That's marketing.

00:12:36.000 Yeah, it is entirely marketing.

00:12:38.000 By the way, Jeffrey Sachs is certainly not a wildly right-wing economist.

00:12:44.000 He's well known as a sort of Keynesian economist.

00:12:47.000 Doesn't matter.

00:12:48.000 Even he recognizes that this bill is not bringing down inflation.

00:12:50.000 So I'm wondering where is the big political win for Joe Biden in all of this?

00:12:52.000 Joe Manchin, who sold himself out in order to do this Inflation Reduction Act because he thinks that if he brings home the bacon for West Virginia in the form of some increased pipeline building in West Virginia, This will overrule the fact that he worked with Joe Biden to expend hundreds of billions of dollars in an inflationary cycle.

00:13:06.000 He says, well, we never said it would bring down prices right away.

00:13:09.000 It's literally called the Inflation Reduction Act.

00:13:11.000 If you pass an act with that name, people don't assume you mean in 30 years.

00:13:15.000 They assume you mean right now because inflation is happening right now.

00:13:18.000 Here's Joe Manchin trying to justify why he backed this thing.

00:13:22.000 It's misleading to call this the Inflation Reduction Act for Americans when it's not going to make their grocery bill cheaper.

00:13:28.000 It's not going to make everyday goods cheaper for them.

00:13:30.000 Why would it?

00:13:31.000 Well, immediately it's not.

00:13:33.000 We've never seen anything happen immediately.

00:13:35.000 Like today, it's turned the switch on and off.

00:13:39.000 Oh, well, I mean, when we said inflation reduction, we meant like, you know, eventually, like at some point in the future that I can't name and that I don't actually know.

00:13:49.000 Brian Deese, the White House Council of Economic Advisors has, he says, listen, we actually don't know if inflation is going to come down.

00:13:55.000 So then what are you calling it?

00:13:56.000 The inflation?

00:13:57.000 Like you are all lying.

00:13:58.000 And listen, I understand politicians lie.

00:14:00.000 I understand White House's lie.

00:14:01.000 I understand when they press bills forward.

00:14:03.000 The names very often have very little to do with the contents of the bill.

00:14:06.000 But the media also know that and the fact that for literally months, they were going with Inflation Reduction Act on this thing.

00:14:11.000 And they're just going right.

00:14:12.000 Well, I mean, if Republicans vote against it, obviously they want inflation to continue.

00:14:16.000 It's just it's such obvious propagandistic nonsense.

00:14:18.000 Here's Brian Deese.

00:14:20.000 I know a lot of people who look at this bill and say, you know what, it's a climate bill, or it's a tax bill, or it's all sorts of things, but maybe not an inflation reduction bill.

00:14:32.000 Or maybe at the margin it's up or down a little bit, but that's not really the purpose.

00:14:37.000 Do you think that's fair?

00:14:38.000 Let's talk about in practice what this bill will do.

00:14:41.000 It will lower health care premiums for 13 million Americans, starting here in just a couple of months.

00:14:47.000 It will make everyday items that people need to upgrade their homes or to commute to work, make them more affordable by providing tax credits and rebates to them.

00:14:57.000 It will lower the cost of prescription drug prices to end consumers, but also to the federal government.

00:15:03.000 And it will lower the federal deficit.

00:15:05.000 Those are the things that this bill will do.

00:15:09.000 So it will not lower inflation is what you're saying.

00:15:12.000 Brian D is just another expert who doesn't know what he's talking about.

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00:16:23.000 How did you hear about us box?

00:16:25.000 So they know that we sent you.

00:16:27.000 So what exactly is the bill going to do?

00:16:29.000 According to the Wall Street Journal, new climate and tech bills expand the role of government in private markets.

00:16:34.000 Nothing says lowering inflation quite like making the government in charge of larger swaths of the economy.

00:16:39.000 If there's one thing we know, it's that government is amazing at quashing inflation by creating 40-year highs in inflation.

00:16:44.000 through government interventionism.

00:16:46.000 Probably we need more of that, which is exactly what this bill does.

00:16:48.000 When two bills advanced through Congress in recent weeks, the Biden administration has now grown the federal government's imprint on major sectors of the United States economy, including semiconductors, energy and health, and further buried the idea once widely held in Washington that private markets should be left alone without government involvement, according to the Wall Street Journal.

00:17:03.000 The shift grew out of two decades of economic crises, rising national populism, a deepening economic rivalry with China, and concerns about the long-run effects of climate change.

00:17:10.000 Adam Smith's invisible hand has been replaced by a muscular arm in which Washington uses tax credits, tax rebates, loans, loan guarantees, regulations, tariffs, spending programs, and other tools to nudge a market-driven economy that has proven far more turbulent and uneven than many people expected it to become even a quarter century ago.

00:17:24.000 Now, my favorite line here from the Wall Street Journal is the idea that the government has not become increasingly interventionist over the course of the last 20 years.

00:17:31.000 Now, basically, we were free marketeers up until the last five minutes.

00:17:34.000 Uh, no.

00:17:35.000 Over the course of my entire life, the government has gotten significantly less free.

00:17:38.000 Barack Obama worked very hard to put more regulations in place.

00:17:42.000 Donald Trump deregulated, but he also massively increased spending.

00:17:46.000 The same thing has happened under Joe Biden, except massive regulation increases, massive tax increases, massive spending increases, all of them.

00:17:53.000 So the idea that the market quote-unquote breakdowns that have been happening are the result of the markets, that is not true.

00:17:59.000 The subprime mortgage crisis was the result of bad incentivization by the federal government, promoting subprime mortgages to minority homebuyers who could not afford those mortgages.

00:18:07.000 And then the private markets responded by cross-collateralizing all of that stuff, chopping it up, turning into credit default swaps, and then infecting the entire economy with the government promise.

00:18:16.000 And then when things went south, you ended up with bailouts.

00:18:18.000 That was because of government incentivization.

00:18:20.000 The same thing is true when it comes to the last economic downturn.

00:18:23.000 The last economic downturn was almost entirely created not by COVID itself, but by government response to COVID.

00:18:29.000 And now the new economic downturn, the massive inflationary cycle that we are in, that is entirely the result of government pouring trillions of dollars into an economy where most people, particularly young healthy people, should have been back at work within one month of COVID.

00:18:41.000 Because young, healthy people were not dying of COVID in mass numbers.

00:18:44.000 But the government decided to take a blunderbuss approach to COVID, and thus destroyed the economy, and destroyed the economy not just for the period when we had mandatory shutdowns, but also for the post-shutdown period in which they continued to blow money into the economy.

00:18:57.000 So this notion from the Wall Street Journal that only now is the muscular arm of government, no, no, no, you understand.

00:19:01.000 That is a gradual process that's been happening Pretty much on pace since the 2000s.

00:19:09.000 Since George W. Bush.

00:19:10.000 That has been happening.

00:19:12.000 George W. Bush radically increased spending over the course of his term.

00:19:15.000 The last, quote-unquote, fiscally conservative candidate who was president of the United States, shockingly, was Bill Clinton in his second term, after blowing it in his first term.

00:19:23.000 According to Douglas Holtz-Eakin, a Republican economist and former director of the CBO, quote, we're going to have bad growth.

00:19:29.000 He said the national drift away from unfettered markets has affected both political parties, including his own.

00:19:33.000 The case for small government in the 1980s and 90s was advanced in academia by Milton Friedman, taken up by Ronald Reagan and the Republican Party, eventually embraced by many middle-of-the-road Democrats, including Bill Clinton.

00:19:42.000 Three economic crises in the past quarter century shook views about leaving markets alone.

00:19:46.000 The bursting of the tech bubble in 2000.

00:19:48.000 By the way, we got over the 2000 market crash in about six months.

00:19:52.000 It was already over by the time George W. Bush took office, basically.

00:19:56.000 A housing crisis in 2007.

00:19:58.000 Which, again, was created by the government in the first place and then exacerbated by more government spending, leading to the slowest economic recovery in American history under Barack Obama.

00:20:06.000 And the COVID-19 shock in 2020.

00:20:07.000 Again, government caused.

00:20:08.000 The government bailed out airlines, carmakers, banks, and millions of small businesses with loans and emergency funding and increased oversight of banks.

00:20:14.000 In the case of COVID, the Trump administration also funded a pharmaceutical industry race to develop new vaccines.

00:20:18.000 Yes, but that was like the only market intervention that made any sense, considering the government actually had an interest in ensuring that there was a lot of money available for experimentational vaccines from the vaccine makers like Pfizer.

00:20:34.000 According to the Wall Street Journal, however, without those interventions, the crises might have been worse.

00:20:38.000 They also placed the government in the foreground of U.S.

00:20:39.000 economic affairs.

00:20:41.000 Without government intervention, the crises might not have happened at all.

00:20:44.000 There wouldn't have been a 2007-2008 crisis if it were not for government intervention in the economy.

00:20:49.000 There certainly would not be an inflationary crisis right now if it had not been for government intervention into the economy.

00:20:55.000 And so what exactly are these bills doing?

00:20:57.000 They're making things worse.

00:20:58.000 Democrats are embracing the use of tax code to advance their economic agenda.

00:21:01.000 The new health and climate law includes $161 billion worth of credits for private sector investment in non-carbon electricity sources like solar and wind.

00:21:08.000 $36 billion in credits for electric cars.

00:21:11.000 $37 billion in credits for manufacturing plants that run on green energy sources.

00:21:14.000 Get ready for Solyndra times one million.

00:21:17.000 Those breaks were worth $729.5 billion in 1996, adjusted for inflation, according to the Government Accountability Office.

00:21:24.000 Last year, they surpassed $1.4 trillion.

00:21:26.000 The number of individual breaks had grown from 121 to 165.

00:21:28.000 So basically, you are now subsidizing, through tax breaks, a bunch of green energy boondoggles.

00:21:34.000 President Biden's two new signature programs add $351 billion in tax expenditures over the next decade, according to Kent Smithers, director of the Penn Wharton Budget Model, which tracks the impact of budget decisions.

00:21:45.000 Jason Furman, former chair of the White House Council of Economic Advisors under Obama, said, quote, The Biden and Trump era is one of a government that wants to play a much bigger role in what is produced, where it is produced, how it is produced, and with what labor it is produced. The regulatory state has grown as well. The federal government wrote 701 economically significant rules from 1981 through 2000, according to George Washington University Regulatory Study Center.

00:22:07.000 That increased to 1,170 between 2001 and 2021.

00:22:11.000 New rulemaking tumbled in Trump's first year as president, then grew every year and hit an annual record in 2020, according to the center.

00:22:20.000 So the government continues to involve itself more deeply in the economy.

00:22:23.000 And then, of course, when things fail, then they blame the private sector.

00:22:27.000 Now, hilariously, the actual goal of this bill, which is to, quote-unquote, reduce global warming and start us up on green energy, it's not even going to do that, because the government sucks at nearly everything.

00:22:38.000 They call it the Inflation Reduction Act, it's not reducing inflation.

00:22:40.000 But at least it's a transformative climate bill, right?

00:22:43.000 I mean, at least it's going to change the way we approach energy.

00:22:46.000 I mean, that's the pitch.

00:22:48.000 You saw the media shift to that pitch as soon as the Inflation Reduction Act passed.

00:22:50.000 They immediately started saying, well, yeah, it won't actually do anything about inflation, but it's going to make sure that we don't have floods in 100 years.

00:22:58.000 Well, as it turns out, it's not even going to do anything remotely like that.

00:23:02.000 Even the Associated Press is now sort of admitting this.

00:23:05.000 Well, they said that it was going to reduce inflation, this Inflation Reduction Act.

00:23:07.000 It turns out it doesn't even reduce global warming, even though it's a climate change act.

00:23:10.000 They just keep lying to you.

00:23:12.000 Here's another group of people who are kind of fibbing to you.

00:23:14.000 You're a credit card company.

00:23:15.000 So here's the thing.

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00:23:18.000 Like, for the rest of your life.

00:23:19.000 Those credit card charges rack up super-duper fast.

00:23:22.000 Nearly 20% of Americans are afraid to check their credit card statements because interest rates are now approaching an all-time high.

00:23:27.000 Don't be that person, especially when you might have access to an opportunity that can get you out of debt faster and at a more competitive rate.

00:23:33.000 You just need to call American Financing.

00:23:35.000 No matter what your credit score, call American Financing and ask them about their custom loan options.

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00:23:53.000 Call 866-721-3300.

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00:24:03.000 Go check them out right now.

00:24:04.000 Again, call 866-721-3300.

00:24:07.000 Don't let that credit card debt eat you up, destroy your family, destroy your financial future.

00:24:11.000 Instead, look for a credit card consolidation loan from American Financing.

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00:24:19.000 According to the Associated Press, massive incentives for clean energy in the U.S.

00:24:22.000 law signed Tuesday by Joe Biden should reduce future global warming, not a lot, but not insignificantly either, according to a climate scientist who led an independent analysis of the package.

00:24:31.000 Even with nearly $375 billion in tax credits and other financial enticements for renewable energy in the law, the United States still isn't doing its share to help the world stay within another few tenths of a degree of warming, according to a new analysis by Climate Action Tracker.

00:24:44.000 This is the biggest thing to happen to the U.S.

00:24:46.000 on climate policy, said Bill Hare, Australia-based director of climate analytics.

00:24:50.000 When you think back over the last decades, not wanting to be impolite, there's a lot of talk but not much action.

00:24:54.000 This is action.

00:24:55.000 Not as much as Europe, and Americans still spew twice as much heat-trapping gas per person as Europeans, Hare said.

00:25:01.000 Before the law, Climate Action Tracker calculated that if every other nation made efforts similar to those of the U.S., it would lead to a world with catastrophic warming, 5.4 to 7.2 degrees.

00:25:10.000 That's 3 to 4 degrees Celsius above pre-industrial times.

00:25:13.000 Now, in the best case scenario, which Hare said is reasonable and likely, U.S.

00:25:16.000 actions, if mimicked, would lead to only 3.6 degrees, 2 degrees Celsius of warming.

00:25:21.000 If things don't work out quite as optimistically as Hare thinks, it would be 5.4 degrees, 3 degrees Celsius of warming, according to the analysis.

00:25:27.000 Even that best case scenario falls short of the overarching, internationally accepted goal of limiting warming to 2.7 degrees warming, 1.5 degrees Celsius since pre-industrial times.

00:25:36.000 Also, by the way, that study assumes that all the other nations are going to do what the United States is going to do, which is not going to happen.

00:25:41.000 China is not interested in it.

00:25:42.000 India is not interested in it. 0.99

00:25:44.000 If you're a developing nation, why would you mimic Joe Biden's climate plans?

00:25:47.000 And if you're a nation that is in direct competition with the United States, why would you do that?

00:25:53.000 This is the part that nobody seems to be able to explain.

00:25:55.000 They'll be, well, the U.S. 0.99

00:25:56.000 will lead the world and we'll send John Kerry out on his jet to explain to Zambia.

00:26:03.000 Why they need to lower their emissions! 0.92

00:26:06.000 And nobody ever explains why Zambia would then listen to John Kerry.

00:26:10.000 And why would China do that?

00:26:12.000 It turns out that when it comes to the world of foreign policy, there are a lot of nations in competition with us for that number one slot.

00:26:17.000 They would like to claw away at America's ability to lead the planet. 0.99

00:26:21.000 Energy policy is a fantastic way to do that.

00:26:23.000 Let the West, let Europeans and the United States limit their own economic growth. 0.91

00:26:27.000 China's going to sit there and just pick up the pieces. 1.00

00:26:28.000 They are more than happy to do that.

00:26:31.000 And so all of these assumptions, what if the rest of the world did what we do?

00:26:34.000 I'm sorry, Kantian ethics don't apply in foreign policy.

00:26:37.000 There's no categorical imperative in foreign policy where you say, well, if I'm really good, probably that guy will also be really good. 0.96

00:26:43.000 Now, that's not the way any of this crap works. 0.69

00:26:45.000 So what does it actually mean in terms of, let's say that Biden does exactly what he wants, right? 0.95

00:26:50.000 He achieves all of his goals, but the other nations are not on board, right?

00:26:52.000 That's actually what you want to know.

00:26:54.000 Because that's the impact of the climate bill in the country you can control, namely the United States.

00:26:59.000 So what exactly would happen?

00:27:00.000 According to Bjorn Lomborg, the new Climate Act is absolutely unnoticeable in impact.

00:27:07.000 It changes the impact of the climate in terms of global warming from, you ready for this?

00:27:15.000 this 0.0009 degrees Fahrenheit to 0.028 degrees Fahrenheit in 2100.

00:27:25.000 So $369 billion, $369 billion spent to reduce global warming by a tiny infinitesimal fraction of a degree that is actually undetectable.

00:27:39.000 Bye.

00:27:40.000 It's going to change, I kid you not, the impact of global warming from the baseline of 4.8875 degrees Fahrenheit to 4.8595 degrees Fahrenheit.

00:27:53.000 Amazing.

00:27:56.000 I mean, wow.

00:27:58.000 Wow.

00:28:00.000 Don't you feel good about that?

00:28:01.000 Don't you feel like we're spending money and wrecking the economy for good reason?

00:28:07.000 That reduction estimate comes from the Rhodium Group's new reduction estimate.

00:28:12.000 By the way, that $369 billion only goes to 2030.

00:28:17.000 Just solid stuff here.

00:28:18.000 Basically, absolutely unnoticeable.

00:28:22.000 So they're not even describing what it's going to be achieved, because if they did, then they would notice that nothing is actually being achieved.

00:28:30.000 They just keep saying that it's going to reduce emissions, but they don't explain how exactly that's going to happen.

00:28:33.000 So it's not going to reduce global warming.

00:28:36.000 It's not going to reduce inflation.

00:28:38.000 It's just going to spend a crap load of money and make people like Bill Gates feel really good.

00:28:41.000 And isn't that the important thing?

00:28:43.000 Isn't that really the thing that you needed to know?

00:28:46.000 So apparently Bill Gates is now out there bragging about how he lobbied to save this climate tax bill that was just signed.

00:28:53.000 According to Bloomberg.com, Bill Gates is very excited about how he got this thing passed because you know what we need?

00:29:00.000 We need the world's richest people cramming down on the rest of humanity worse living standards so that they can feel really good about themselves by fractionally lowering climate change over the course of the next hundred years so infinitesimally that you can't even measure it.

00:29:14.000 That's it.

00:29:15.000 At least Bill Gates feels really good about himself.

00:29:18.000 I mean, while he's divorced and banging around, at least he feels really solid about him.

00:29:22.000 So that's the, that is the most important thing.

00:29:24.000 Here's Bill Gates.

00:29:25.000 You know, maintaining that dialogue, including in the last month where, you know, people felt like, okay, we tried, we're done.

00:29:35.000 It failed.

00:29:37.000 And, you know, because I believed it was a unique opportunity, my trying to bridge the communication gap and encourage people to make one more effort.

00:29:48.000 Uh, you know, by, because of the relationship we built up over time, you know, we were able to talk even at a time when he felt people weren't listening, you know, and, uh, you know, I wouldn't have wanted to be in his position.

00:30:05.000 Well, I mean, so it was Bill Gates calling up Joe Manchin, just showing once again, Joe Manchin really answerable to the people of his state, actually answerable to a Seattle based Multi-billionaire.

00:30:16.000 One of the richest people on earth.

00:30:18.000 Those are the people that you really need sounding off.

00:30:20.000 The elites and their inability to understand why most Americans despise them.

00:30:26.000 This is the problem.

00:30:27.000 They live in a different moral universe.

00:30:29.000 They live in a different economic universe.

00:30:31.000 And then they decide that they are going to apply rules that don't really hurt them to everyone else.

00:30:36.000 It doesn't matter to Bill Gates whether you pay more for energy.

00:30:39.000 After all, Bill Gates is super duper wealthy.

00:30:40.000 What does he care? 0.98

00:30:41.000 It's the same crap you get from members of the Biden administration when they're asked about energy prices. 0.99

00:30:45.000 Like, well, you could just buy an electric vehicle. 0.98

00:30:46.000 Well, can people really do that?

00:30:47.000 Is that just a thing people can do?

00:30:50.000 Bill Gates going to Joe Manchin and making policy based on his concerns about climate change over the course of the next hundred years.

00:30:56.000 Bill Gates is not going to be the one who has to pay the piper for any of this stuff.

00:30:59.000 Bill Gates is busy buying all the farmland in the middle of the country to apparently not grow meat because he doesn't like people eating meat because of global warming or some such.

00:31:08.000 None of this is a shock, by the way.

00:31:10.000 Bill Gates was calling this the most important piece of climate legislation in American history in an op-ed with the New York Times.

00:31:19.000 Just a couple of weeks ago.

00:31:21.000 He said it represents our best chance to build an energy future that is cleaner, cheaper and more secure.

00:31:25.000 We can't afford to miss it.

00:31:27.000 Oh, can't we?

00:31:28.000 We can't afford to miss that bill that is going to marginally lower temperature in the best case scenario.

00:31:33.000 He said through new and expanded tax credits and a long term approach, this bill would ensure that critical climate solutions have sustained support to develop into new industries.

00:31:42.000 He was pushing incentives that would transform the parts of the economy that are, quote-unquote, hardest to decarbonize, such as manufacturing, a prerequisite for attaining net zero emissions.

00:31:51.000 The measures will provide affordable, abundant, clean energy to Americans, the billionaire said.

00:31:55.000 Also, it would catalyze a new era of American innovation.

00:32:00.000 And of course, he and his corporate buddies have decided that they are basically going to cram this down on everybody up to and including all the stockholders in their companies, right?

00:32:08.000 This is why you have the ESG movement, the environmental social governance movement, pushing forward very hard and very fast in favor of decarbonization at the expense of the people who actually Have their stocks in the pension fund, right?

00:32:21.000 All those people are going to see their stocks absolutely wrecked by this bad policy.

00:32:25.000 You're going to see your gas prices go up.

00:32:27.000 You're going to see your business become less efficient.

00:32:29.000 And then when there's another economic crash, because we've overspent and overregulated, we're going to be told that it was the free market that failed.

00:32:34.000 So obviously what we need is more government interventionism, all because of Bill Gates, right?

00:32:39.000 That's the thing that we really need.

00:32:40.000 We need to understand that Bill Gates is the, he's the greatest among us, obviously.

00:32:45.000 He's the most moral person among us.

00:32:46.000 I mean, yeah, not in his personal life, but but he's super duper wonderful.

00:32:49.000 And the reason he's really wonderful is because he's really rich.

00:32:51.000 One of the most amazing things about the left is that they despise rich people, except when they are treating rich people who mimic left wing slogans as the greatest people who should run the earth.

00:33:04.000 Bill Gates was bad when he was making Microsoft.

00:33:06.000 He's only good when he is taking the power that he earned through making Microsoft and then he is applying it to left-wing causes.

00:33:13.000 At that point, he becomes a wonderful, good, decent human being because the capitalistic system is exploitative.

00:33:19.000 But the person who exploited that system the best now gets to use his power to wreck everybody else and pull up the ladder behind him.

00:33:25.000 That's the thing that they are looking for the most.

00:33:28.000 And the fact that Bill Gates is the driving force behind this thing should give everyone significant pause about what exactly this thing is going to do for normal Americans.

00:33:36.000 I don't think Bill Gates has ever met a normal American, at least not for the last several decades.

00:33:40.000 Bill Gates has no clue what the price of a gallon of milk is.

00:33:44.000 He hasn't gone shopping for himself in probably 40 years.

00:33:48.000 And that's what this is all about for Bill Gates.

00:33:52.000 With President Biden's signature, this legislation would jumpstart and support clean energy industries that could create millions of jobs, many in communities that have been built by fossil fuels.

00:33:59.000 Remember those shovel-ready jobs that Barack Obama was going to create, and then they never materialized?

00:34:03.000 There were no green jobs.

00:34:03.000 Remember that?

00:34:04.000 In fact, says Bill Gates, many of the most promising technologies in the clean energy economy will require similar skills and expertise possessed by today's coal, oil, and gas workers.

00:34:12.000 This will help ensure a fair tra- Oh, so it's not even learned to code anymore.

00:34:15.000 It's learned to solar panel.

00:34:17.000 You've been working on pipelines in North Dakota?

00:34:20.000 Well, get ready to make some solar panels, gang.

00:34:22.000 Bill Gates says, quote, The country has an opportunity to set an example by offering a vision of what's possible and then by making it happen.

00:34:28.000 It's all so vague.

00:34:29.000 It's all so pie in the sky.

00:34:32.000 When you read about this stuff, it's the same thing as reading about Al Gore's chakras. 0.99

00:34:36.000 It's all essential oils garbage.

00:34:38.000 Explain how this thing is going to lower, like really, lower the temperature over the course of the next hundred years without reference to, well, you know, global leadership will miasmatically start mirroring all of our favorite policies.

00:34:49.000 And then China will be nice and we will have converted them to the green environmentalism that we so desire.

00:34:55.000 And millions of jobs will be created out of the rectum of Bill Gates.

00:34:59.000 It'll just magically.

00:35:00.000 Explain the relationship between A and B.

00:35:03.000 Because otherwise, I don't believe you. 0.99

00:35:04.000 I just believe that you are labeling the bag of crap gold. 0.98

00:35:06.000 Because so far, that seems to be all that you guys are capable of doing. 0.98

00:35:10.000 Oh, Bill Gates is apparently now controlling our politics, but here's the thing.

00:35:14.000 You don't want your employees controlling your business, right?

00:35:17.000 It's your business.

00:35:18.000 You want the best employees.

00:35:19.000 You want to make sure that your business is running at peak efficiency in a time of economic turmoil.

00:35:23.000 This is why you needed ZipRecruiter. 0.98

00:35:24.000 They will help you find the best candidates for your jobs.

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00:35:30.000 So what exactly does ZipRecruiter do?

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00:35:36.000 You can easily review these recommended candidates and invite your top choices to apply.

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00:35:45.000 Four out of five employers who post on ZipRecruiter get a qualified candidate within day one.

00:35:48.000 No wonder ZipRecruiter is the number one rated hiring site based on G2 satisfaction ratings as of January 1st, 2022.

00:35:54.000 So, soak up all that summer has to offer.

00:35:56.000 Let ZipRecruiter do the work. 1.00

00:35:58.000 Ready for the URL?

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00:36:03.000 Again, that's ZipRecruiter.com slash D-A-I-L-Y-W-I-R-E.

00:36:08.000 ZipRecruiter is indeed the smartest way to hire. 0.73

00:36:10.000 Check them out at ZipRecruiter.com slash DailyWire.

00:36:14.000 Alrighty, folks.

00:36:15.000 My book club, Ben Shapiro's book club.

00:36:16.000 Yes, it's named after me because it's mine.

00:36:18.000 It's back tonight for a brand new episode, 8 p.m.

00:36:21.000 Eastern on DailyWirePlus.com.

00:36:22.000 This month's book is one of my very favorites, East of Eden by John Steinbeck.

00:36:26.000 It is a just beautiful book.

00:36:28.000 It is an easy read, not a hard read.

00:36:30.000 It's all about America and Cain and Abel and deep human problems.

00:36:36.000 Steinbeck considered it his masterwork.

00:36:37.000 It definitely is.

00:36:38.000 You have to be an All Access member to join in on the fun.

00:36:40.000 So head on over to dailywireplus.com.

00:36:42.000 Become a member today.

00:36:43.000 Join us tonight at 8 p.m.

00:36:44.000 Eastern as we discuss East of Eden.

00:36:46.000 I will see you there.

00:36:47.000 Meanwhile, the political world continues to be abuzz over Donald Trump and how to stop him.

00:36:53.000 The Democrats, it is amazing.

00:36:55.000 The Democrats seem to say that stopping Donald Trump is their top priority, and then they're doing everything they can possibly do to make him President of the United States again.

00:37:03.000 So, for example, they will say things like, well, Ron DeSantis is just as bad as Trump.

00:37:07.000 Well, here's the thing.

00:37:07.000 If Trump is a unique threat to the Republic, then you can't just say that Ron DeSantis is the same as Trump, because then he's not a unique threat to the Republic.

00:37:15.000 I mean, you did the same thing to Mitt Romney.

00:37:17.000 You did the same thing to John McCain.

00:37:18.000 You also cannot promote the idea that all Republicans who back Trump are evil, so come over to our side and be our friend.

00:37:24.000 That's what James Carville has been doing.

00:37:26.000 This is a tactic unlikely to work, which makes me think that it's actually just cynical.

00:37:30.000 I mean, Carville is a cynical politics guy, so that would make sense.

00:37:35.000 Is the idea here to basically push Republicans to nominate Trump because Democrats think he is the most beatable?

00:37:40.000 In other words, are they being insincere?

00:37:42.000 I would not doubt it. 1.00

00:37:42.000 Here's James Carville explaining that the Democrats are just silly, but Republicans are fully evil. 1.00

00:37:47.000 Way to bring down the temperature here, gang. 1.00

00:37:49.000 What can people who would be Democrats of your ilk, of your worldview, what can they do about those people who you consider idiots, essentially? 1.00

00:38:02.000 Make fun of them. 1.00

00:38:04.000 And let me say, when they say, James, we have our crazies, but look, you have your crazies, you know, and it's, you know, what pronoun you have of veganism or something. 0.99

00:38:14.000 The problem is, is people who believe in that are just silly. 0.98

00:38:17.000 All right? 0.98

00:38:18.000 People that believe that the election was stolen and have a right to storm the Capitol, which is a substantial number of people in the Republican Party, are evil. 1.00

00:38:29.000 Our people are kind of silly. 1.00

00:38:31.000 Racism is evil. 1.00

00:38:34.000 Misogyny is evil.

00:38:35.000 I'm sorry. 0.99

00:38:38.000 You are a racist misogynist if you disagree with James Carville. 0.97

00:38:40.000 There is no evil on the Democratic side of the aisle. 0.98

00:38:43.000 Mutilating young children in the name of gender ideology is not evil.

00:38:46.000 Rioting in the streets.

00:38:47.000 Most damaging riots in American history in 2020 based on the lie that the police are systemically racist.

00:38:51.000 That's not evil. 0.97

00:38:52.000 That's just silly.

00:38:54.000 Defund the police is not evil. 0.99

00:38:55.000 It's just silly, even if hundreds more black Americans get killed every year thanks to defund the police.

00:38:59.000 No, what is truly evil is if you have questions about the 2020 election. 0.94

00:39:04.000 And all Republicans, as we all know, they are all in the boat of the people who stormed the Capitol.

00:39:07.000 Again, this is the Democratic pitch.

00:39:11.000 And it seems almost directly designed to radicalize Republicans.

00:39:16.000 That's what it seems designed to do.

00:39:17.000 It's not designed to find common ground, obviously.

00:39:19.000 This is how you end up with General Michael Hayden.

00:39:22.000 You want to undermine the credibility of America's intelligence apparatus?

00:39:25.000 Keep putting people like Michael Hayden in charge of these things.

00:39:27.000 It's truly amazing.

00:39:30.000 I'm not in favor of defunding the FBI, because I think the FBI is actually a useful institution.

00:39:35.000 However, if I were going to be in favor of defunding the FBI, I couldn't be any more in favor of that case than the people who are actually saying that the FBI is a credible institution.

00:39:42.000 Those people are making an overt case for why you should defund the FBI, because they're the least credible people on planet Earth.

00:39:48.000 It's amazing.

00:39:49.000 It's like if Michael Jackson started up a children's health fund, and then he was like, my children's health fund is so credible, you should give money to it.

00:39:57.000 Well, it's coming from you, so no.

00:40:01.000 General Michael Hayden.

00:40:03.000 So Edward Luce is a left-wing columnist.

00:40:08.000 He is the associate editor of the Financial Times and author of The Retreat of Western Liberalism.

00:40:13.000 And he wrote, quote, I've covered extremism and violent ideologies around the world over my career.

00:40:18.000 Have never come across a political force more nihilistic, dangerous, and contemptible than today's Republicans.

00:40:23.000 Nothing close.

00:40:24.000 Never! 0.77

00:40:25.000 No political force more nihilistic, dangerous, and contemptible than Republicans in the United States today.

00:40:30.000 So, not the communists, who subjected tens of millions of people to death.

00:40:34.000 Not the Chinese tyrants today. 1.00

00:40:37.000 Not the Russians, who are invading Ukraine. 0.98

00:40:41.000 Not the Taliban.

00:40:41.000 Nobody!

00:40:42.000 So, who agrees with this?

00:40:43.000 Michael Hayden.

00:40:44.000 He says, quote, I agree, and I was the CIA director.

00:40:48.000 Man, these people are determined to undermine their own credibility.

00:40:53.000 And then they wonder why people just dismiss them when they make complaints about Donald Trump?

00:40:57.000 Well, probably the best thing they can do is take deeply unpopular figures who side with the left in their attempt to lump all Republicans together with the January 6th rioters and trot them out again. 0.99

00:41:07.000 And I don't know, honestly, whether to attribute to the Democrats and the media and to people like Liz Cheney stupidity or malice. 0.97

00:41:16.000 For Liz Cheney, when she says things like, I'm going to leave the charge against Trump, Does she think she's going to be successful? 0.99

00:41:23.000 Or does she think she's more likely to actually promote Trump?

00:41:26.000 Because realistically speaking, that's what's going to happen.

00:41:27.000 I mean, this is what all the poll data shows.

00:41:29.000 Liz Cheney's approval rating inside the Republican Party is 14% today. 0.99

00:41:31.000 And she's like, I will lead the charge.

00:41:35.000 Okay, are you more likely to drive support for Trump?

00:41:38.000 Understand, as I've said before, we live in the most reactionary time I've seen in my political lifetime.

00:41:43.000 A time in which if the left says something is bad, the right will immediately say it's good.

00:41:46.000 And if the right says something is good, the left will immediately say it's bad.

00:41:49.000 If Donald Trump decides that he is going to shower poor children with Christmas gifts, the left decides this is inherently evil and he must be a tool of the Russians. 0.54

00:41:59.000 And if the left decides that some conservative congressperson or Republican congressperson who is a nutcase is a nutcase, the right immediately goes, this is the most rational person I've ever seen.

00:42:08.000 This person is probably president. 0.67

00:42:10.000 After all, left hates him.

00:42:11.000 That reactionary nature to American politics, everyone knows that's what's happening. 1.00

00:42:15.000 And so either people are steering directly into it because they're stupid or they're doing it because they're cynical. 0.99

00:42:20.000 You know, I always try to attribute to stupidity that which I cannot attribute to malice, but at this point it's so obvious it's hard not to attribute it to malicious intent, at least by people on the Democratic side of the aisle. 0.99

00:42:32.000 And trotting out Peter Strzok to talk about the integrity of the FBI is not going to drive up support for the FBI. 0.97

00:42:39.000 Merrick Garland coming out and saying, oh, you should really trust the DOJ and the FBI, that ain't gonna do it.

00:42:44.000 And Liz Cheney attacking Donald Trump, that ain't gonna do it either. 1.00

00:42:47.000 So Liz Cheney is now launching a super PAC called The Great Task. 1.00

00:42:50.000 I mean, I guess she has to have something to do now that she's no longer in Congress. 0.99

00:42:54.000 But she wants to, I guess, Stop Trump from being president.

00:43:00.000 She's done an amazing job so far of making Trump the likeliest nominee.

00:43:04.000 If you had asked me like three months ago, who's the likeliest nominee for president on the Republican side of the aisle?

00:43:09.000 The data said Trump, but I thought that he was losing momentum, frankly.

00:43:13.000 I thought he was losing momentum because he was distracted with January 6th and he was jabbering about it all the time and it was annoying and we were all concentrating on inflation and foreign policy and China and Afghanistan and Russia and Joe Biden being the worst president of my lifetime.

00:43:24.000 We were all focused on that and Donald Trump was like over here yelling about Georgia voting machines or something.

00:43:28.000 And so it seemed like he was losing a lot of momentum.

00:43:31.000 And then, Liz Cheney, the Democrats, the FBI, the DOJ, they decided to make Donald Trump front and center again.

00:43:39.000 And so somehow Liz Cheney thinks doubling down on this is going to stop Donald Trump. 0.99

00:43:43.000 I gotta say, watching people in the media, in the Democratic Party, try to catch Donald Trump, it's like watching a Roadrunner cartoon.

00:43:49.000 It's like Wile E. Coyote getting out his ACME rocket.

00:43:53.000 And Donald Trump's like, meep meep!

00:43:54.000 And he's just like, zooming down the road.

00:43:57.000 And there is Liz Cheney, Wile E. Coyote, she's like, I will paint a tunnel on this rock and the roadrunner will run directly into the rock.

00:44:06.000 And then, of course, Donald Trump's like, meep meep, and he just goes right through the tunnel.

00:44:09.000 And Liz Cheney's like, well, if he can go through the tunnel, I can too.

00:44:12.000 Right?

00:44:13.000 That's all we... Politics is so stupid. 1.00

00:44:16.000 It's so stupid. 1.00

00:44:17.000 So Liz Cheney, as Wile E. Coyote, she's over the cliff, but she's in that moment where she hasn't looked down yet. 1.00

00:44:23.000 There's always that moment in the Roadrunner cartoons where Wile E. Coyote is like hovering over the abyss and then he looks down and... So that's Liz Cheney right now.

00:44:33.000 Here she is talking about how she is going to be massively successful stopping that dire, terrible Donald Trump.

00:44:40.000 I think we have a tremendous amount of work to do.

00:44:43.000 And certainly, I am absolutely going to continue this battle.

00:44:47.000 I think it's the most important thing I've ever been involved in.

00:44:50.000 And I think it's certainly the most important thing, challenge that our nation has faced in recent history, and maybe since the Civil War.

00:45:00.000 Maybe since the Civil War.

00:45:01.000 Well, note to Liz Cheney, you are not Abraham Lincoln.

00:45:05.000 You are not going to fend off what is coming next.

00:45:08.000 And in fact, again, Donald Trump is the thing nobody seems to understand in both the media and in politics.

00:45:14.000 Donald Trump is basically Doomsday from the DC comics.

00:45:18.000 The more energy you shoot at him, the more he just absorbs it and grows.

00:45:20.000 That's all he is.

00:45:22.000 And so they keep throwing stuff at him and he's just, what if this time, maybe another super PAC will do it.

00:45:27.000 Maybe if we just yell at him a lot.

00:45:29.000 What if we get Michael Hayden out there saying that it's like the Taliban or something?

00:45:33.000 Geniuses.

00:45:34.000 Geniuses.

00:45:35.000 Alrighty, guys.

00:45:35.000 The rest of the show is continuing now.

00:45:36.000 We have much, much more, including the CDC deciding that it's time for a massive reorganization.

00:45:41.000 Really, really important.

00:45:43.000 Plus, the West going soft on radical Islam, of course.

00:45:46.000 But, you're not gonna get that right now unless you are a member.

The Ben Shapiro Show - August 18, 2022

The Inflation Reduction Act That Doesn’t Reduce Inflation | Ep. 1558

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