A distinguished economist confronted Sean Hannity on Friday over the Fox Information host’s claims about U.S. power manufacturing underneath the Biden versus Trump administrations.
On his present Friday, Hannity attacked President Joe Biden’s power insurance policies. His visitor, Austan Goolsbee, a College of Chicago professor and former financial advisor for the Obama administration, denied one allegation after one other in a heated trade.
“He inherited power independence, and we had been a internet exporter of power, and now he is begging OPEC,” Hannity mentioned.
Goolsbee pushed again, saying Biden “inherited an financial downturn bordering on disaster, and in instances like that, the worth of oil tends to go method down.”
Hannity insisted that Biden is answerable for a decline in power manufacturing, saying he “diminished America’s power output by 40 p.c” and noting the U.S. was a internet exporter of power underneath former President Donald Trump.
“No, he didn’t reduce power manufacturing by 40 p.c,” Goolsbee responded. “Power manufacturing fell as a result of we had been in an financial catastrophic downturn.”
Hannity countered that Biden fired Keystone XL pipeline employees, to which Goolsbee replied, “The Keystone pipeline wasn’t constructed but, Sean. That had no impact on power manufacturing.”
Hannity then requested the economist why Biden is “begging OPEC,” including, “Donald Trump did not beg OPEC.”
“He is not begging OPEC,” Goolsbee replied. “He satisfied OPEC, and OPEC is growing their manufacturing.”
Hannity insisted that OPEC retains “rejecting” Biden.
“They did not reject him,” Goolsbee replied. “They mentioned they’re growing manufacturing within the month of January. Why are you complaining about that, Sean? You are all around the map right here. You had been saying you did not prefer to pay excessive fuel costs. I advised you fuel costs went down and Biden satisfied OPEC to extend manufacturing, and then you definately mentioned, ‘Why is he asking them to extend manufacturing?'”
Hannity has lengthy criticized Biden and his insurance policies. In an interview with Newsweek in October, Hannity known as the president “weak, frail and a cognitive mess.”
“We now see the results, however the media has put him right into a safety program,” he mentioned of Biden.
In keeping with Reuters, U.S. power corporations added essentially the most oil and fuel rigs within the week of January 14 since April 2020.
Newsweek contacted Goolsbee for additional feedback.