Episode Details
Back to Episodes
American Ground Radio - Is a Recession Coming? Dr. Peter Earle Breaks Down the Real Economy
Description
You’re listening to American Ground Radio with Louis R. Avallone and Stephen Parr. This is the full show for June 18, 2026.
We open with a California bill moving through the legislature that would allow minors in residential treatment facilities to trigger state investigations of their own parents — and we explain why this isn't about protecting children from genuine abuse. It's about a state that has spent years operating from the assumption that parents are wrong and government is right. We walk through the mechanism — buried inside dry juvenile dependency language is a process by which a child who disagrees with their court-ordered treatment can initiate a legal review that effectively places their parents under state investigation. We connect it to a pattern the left has run for years — driving a wedge between children and the parents who are trying to save them, and then letting the state step in as the replacement parent. And we warn parents outside California that bad ideas rarely stay behind state lines.
In our Top 3 Things You Need to Know, the United States and Iran signed a Memorandum of Understanding — covering the five key pillars, with a 60-day negotiating window to reach a final deal and reconstruction funds from regional partners available if Iran follows through. Then D.C. Democrat primary winner Janice Lewis George is heading toward the general election, with President Trump already promising to take back D.C. if a socialist wins the mayor's race. And the Coast Guard intercepted a speedboat off the coast of Florida carrying 25 Chinese nationals attempting to enter the country illegally — firing on the engines to disable the vessel after repeated warnings went ignored. We note that we have never in our lifetimes heard of the U.S. government disabling boats trying to enter illegally — and call it exactly what it is: a closed border.
We sit down with Dr. Peter Earle of the American Institute for Economic Research to take the actual temperature of the U.S. economy — separate from the media's doom-and-gloom narrative. Dr. Earle's assessment: the hard data still describe an expansion, but forward-looking indicators are more cautious. Consumer spending remains positive, corporate earnings are holding up, and there are no overall recessionary conditions — but elevated interest rates, housing affordability, and the national debt are real concerns. He also explains why gas prices won't drop overnight even with the Iran deal — the research shows it takes about 22 weeks for oil price reductions to fully pass through to consumers, meaning relief at the pump is more likely late summer or early fall. And he explains why Elon Musk becoming the world's first trillionaire is less about personal wealth and more about what it will cost to turn SpaceX into the Amtrak of space travel over the next several decades.
Barack and Michelle Obama appeared on Good Morning America to promote the opening of the Obama Presidential Center — and Barack said he wants visitors to walk through and think, what's possible? We take him at his word and answer the question. We also note that many of the subcontractors who built the nearly billion-dollar complex — which ran nearly $300 million over budget — have reportedly not been paid.
Our American Mama Teri Netterville responds to the San Francisco Giants story — where pitchers were warned by MLB after writing Bible verses on their caps during Pride Night. A San Francisco player spoke beautifully about why the rainbow holds deep biblical meaning for Christians as the sign of God's Noahic covenant — and why writing Genesis 9:12-16 on a hat is not anti-anything. It's pro-something. Teri says she supports marriage equality — and still thinks forcing players to celebrate someone else's sexuality on their uniforms is wrong, performative, and is actually pushing people away from the very acceptance the movement says it wants.
We also cover the New York Knicks'