May 7, 2021 - Bannon's War Room
43:21
Participants
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| Speaker | Time | Text |
|---|---|---|
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unidentified
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Well the virus has now killed more than a hundred people in China and new cases have been confirmed around the world. | |
| You don't want to frighten the American public. | ||
| France and South Korea have also got evacuation plans. | ||
| But you need to prepare for and assume. | ||
| Broadly warning Americans to avoid all non-essential travel to China. | ||
| That this is going to be a real serious problem. | ||
| France, Australia, Canada, the US, Singapore, Cambodia, Vietnam, the list goes on. | ||
| Health officials are investigating more than a hundred possible cases in the US. | ||
| Germany, a man has contracted the virus. | ||
| The epidemic is a demon and we cannot let this demon hide. | ||
| Japan, where a bus driver contracted the virus. | ||
| Coronavirus has killed more than 100 people there and infected more than 4,500. | ||
| We have to prepare for the worst, always. | ||
| Because if you don't and the worst happens, War Room. | ||
|
unidentified
|
Pandemic. | |
| Here's your host, Stephen K. Bannon. | ||
| Buying into the big lie is now called supporting the team in the Trump party. | ||
| Where better to make that pledge than in an interview with the poison populist and Trump pardonee, Steve Bannon. | ||
| My vision is to run with support from the President and his coalition of voters. | ||
| This is also about being one team, and I'm committed to being a voice and being a clear, sending a clear message that we are one team, and that means working with the President and working with all of our excellent Republican members of Congress. | ||
| No, you mean a shill, not a clear voice. | ||
| And listen to that, the President. | ||
| Does she mean Biden? | ||
| He's the president. | ||
| No. | ||
| She means to advance the big lie. | ||
| Trump is the president because he's still in power because he really won. | ||
| And to be clear, even Stefanik knows this is just about the big lie. | ||
| Though there are some conservative groups who note that Stefanik is way more liberal than Cheney and voted with Trump far less frequently and less reliably, Stefanik has decided to play to her strengths with which in the House GOP race is to keep shamelessly pushing Donald Trump's big lie about the election. | ||
| That is her only advantage over Cheney. | ||
| Here she is on Steve Bannon's radio show, just moments after she promised to unite the Republican Party, promoting the deranged election audit going on in Arizona right now, where a clean election in a state led by a Republican governor is being attacked by election liars. | ||
|
unidentified
|
I fully support the audit in Arizona. | |
| We want transparency and answers for the American people. | ||
| What are the Democrats so afraid of? | ||
| The voters in Arizona and the State Senate in Arizona pursued this audit. | ||
| I fully support it. | ||
| Transparency is a good thing. | ||
| We need to fix these election security issues going into the future. | ||
| There are no election security issues in Arizona. | ||
| Do you know how crazy this audit is in Arizona? | ||
| You have to understand this. | ||
| They're actually examining the ballots with UV light to see if there are any traces of bamboo in the paper because one of the conspiracy theories holds that fake ballots were shipped in from Asia. | ||
| Remember, Arizona is largely run by Republicans. | ||
| And because Liz Cheney is one of the only Republicans in leadership willing to see this insanity for what it is, she is being purged from her position. | ||
| Man! | ||
| This week, House Republicans are busy replacing Liz Cheney, the number three Republican in House leadership, with an election fraud conspiracy theorist, a New York Congresswoman named Elise Stefanik. | ||
| Representative Stefanik essentially auditioning for that leadership gig today by doing a podcast interview with recently pardoned Trump advisor Steve Bannon, in which she described Trump as still president, and where she went on and on about how much she very much supports the very, very important audit in Arizona. | ||
| Which of course will reveal the fraud and show that Trump actually was re-elected. | ||
| She appears poised to get the number three leadership job in the U.S. | ||
| House of Representatives in the Republican Party. | ||
| Because Liz Cheney doesn't believe Trump won re-election. | ||
| She acknowledges that Trump lost and Joe Biden's the president and so she must be banished and replaced with somebody who will advance the conspiracy theory. | ||
| And that's how it's playing out in Washington. | ||
| It's Friday, the 7th of May, the year of our Lord 2021. | ||
| You're in the War Room now with virtually almost 51 million downloads. | ||
| I think we've passed that already. | ||
| On the John Fredericks Radio Network. | ||
| No to CNN and MSNBC. | ||
| We're just part of a radio show. | ||
| We are out nationwide on John Fredericks Radio Network, but we're on Real America Voice live streaming and up on TV on the live stream and on Dish Channel 219 and Comcast Channel 113, Roku, Pluto, and of course in Mandarin on G News and GTV and many, many other apparatuses where Wherever you guys can find us, we're everywhere. | ||
| As you can see, this is signal not noise. | ||
| They are in full and complete and total meltdown. | ||
| Because of the interview yesterday and what Elise Stefanik said about supporting not just President Trump, but the Trump movement, OK, in the most important issues before us, which is we can't go forward till we get to the bottom of November 3rd. | ||
| We're going to be in Arizona later with Senator Sonny Borelli. | ||
| We're going to be up in New Hampshire. | ||
| We've got breaking news all over. | ||
| Also, we're bringing Boris Epstein here in a second, but actually the biggest news this morning, the biggest political news is this, because they're in meltdown and they understand that Elise Stefanik, as the number three person in the House, is a power move For the Trump movement, particularly getting to the bottom of what happened on November 3rd, and this is what they're in full meltdown about. | ||
| But we're going to bring in Peter Navarro. | ||
| As Peter Navarro has warned this audience for weeks and weeks and weeks, I think it's in months now, that no matter how much cash you infuse into the system, you have major structural problems here. | ||
| In that the chickens are going to come home to roost, and today we had that. | ||
| A jobs number that is so awful, 266,000 versus the mean, and they thought that Joe Biden will address the country at 1130. | ||
| We may cut to that live. | ||
| They got to explain this, but MSNBC, CNBC, Stephanie Ruhle, in total, when that jobs number hit, complete implosion. | ||
| Okay, and this has very dark storm warnings. | ||
| This is more than just, hey people got too many benefits and they didn't go back to work. | ||
| That's all noise. | ||
| We're going to get down to the signal of what the deep problems are and how they keep shoveling cash at this problem. | ||
| We have told you for weeks that Actually, more than that, from the very beginning, this Biden radical financial plan is going to blow up the balance sheet of the United States. | ||
| The full faith and credit is based upon on the shoulders of the deplorables. | ||
| We're going to get into all the economics, all the capital markets of it, the geopolitical impact, and we're going to go to the deck plates in places like New Hampshire and Arizona. | ||
| This is all inextricably linked. | ||
| I want to bring in Boris Epstein. | ||
| Ran surrogates for us in the 2016 campaign. | ||
| That means everybody goes on TV every day. | ||
| Boris will have a conference call. | ||
| We get the talking points. | ||
| You get out there and you're pushing a message every day. | ||
| That's what at least Stefanik is an expert in. | ||
| And we didn't play, by the way. | ||
| We'll try to get to Chris Hayes and some others later. | ||
| Cuomo maybe not, because he's not that bright. | ||
| He is a Cuomo after all. | ||
| But you got Jake Tapper. | ||
| No, you got Rachel Maddow, we had Chris Hayes earlier. | ||
| These are the top tier of the messaging apparatus of the opposition party, which is the media, not the Democrats. | ||
| And you saw right there, Boris, so deconstruct what the signal is. | ||
| How important is this that they have now locked arms and said, hey, they know Stefanik and this move in the House to replace Liz Cheney is a power move by President Trump and the Trump movement? | ||
|
unidentified
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Steve, 100% correct. | |
| Great to be with you. | ||
| Great to be with the MAGA Patriots, MAGA Brain Trust. | ||
| That's your audience. | ||
| It is amazing to watch these clips. | ||
| And we were watching them yesterday when I was in the studio. | ||
| It happened one by one by one. | ||
| You know, Big Tapper's lead at four and five leads off with Steve Bannon and Elise Stefanik. | ||
| Then you've got, you've got Wolf Blitz in the Situation Room, Elise Stefanik. | ||
| They just could not give it up. | ||
| And every clip, every, you know, every segment Listen to what they're saying. | ||
| First of all, the dripping disgust, disdain, anger, triggering at the one and only Stephen K. Bannon is amazing to see because that is the highest award and reward for your work on behalf and in helping to lead the MAGA movement you could ask for. | ||
| Blaming liberals to be so angry at you. | ||
| Poisonous, populist, pardon me. | ||
| As Chris Bromo said, they can't figure out whether it's a podcast, a radio show, a TV show. | ||
| That's the one place the talking points slip. | ||
| You know, some are saying radio show, others are podcast. | ||
| They haven't fully gotten on the same page. | ||
| But all of them slip in the pardon. | ||
| All of them are slipping in. | ||
| The fact that Congressman Stefanik came on the show. | ||
| So that is, you know, that's the light, that's the match that starts the triggering, right? | ||
| And then think about what they're all in unison saying. | ||
| They're all uniting and combining Congressman Stefanik becoming likely the next conference chair with the Arizona audit. | ||
| What they're mad about is that they're happy Republicans. | ||
| The Republicans that they've been able to push around for years and years and years. | ||
| The Republicans who want to put up op-eds in the Washington Post and the New York Times. | ||
| Yes, Liz Cheney are heading out the door. | ||
| That is what the mainstream media are upset about. | ||
| They don't want somebody like Elise Stefanik who's saying like it is. | ||
| I mean, Jake Tapper there went full opinion, okay? | ||
| This is somebody who at least used to pretend to be. | ||
| Pretend to be. | ||
| A journalist when he was at ABC. | ||
| Full opinion. | ||
| There's nothing wrong in Arizona, Big Tapper says. | ||
| And then you go, oh, it's a Republican-controlled state. | ||
| Okay, first of all, again, it's the kind of Republican they love in Doug Ducey. | ||
| But the Secretary of State's a Democrat. | ||
| And by the way, a far-left-wing Democrat in Hobbs. | ||
| So that is what they're doing. | ||
| They're trying to discredit anything and everything that reminds them of the Trump movement. | ||
| You know why? | ||
| Because they're scared. | ||
| They know what happened, you know. | ||
| Rachel Maddow is not an idiot. | ||
| She's actually really smart, right? | ||
| She knows there's no way if Joe Biden got 11 million people to watch his address to the joint session, he couldn't have gotten 80 million people to vote for him. | ||
| No way! | ||
| It's impossible, okay? | ||
| They know that Chris Cuomo's not that smart. | ||
| He's just reading what he was told, and he's got the new haircut, and he's got... But here's what, by the way, here's what Chris Hayes, and Chris Hayes is very smart, Rachel Maddow, very smart. | ||
| Jake Tapper, very smart. | ||
| Here's what they know, particularly in Arizona. | ||
| You go from, what, 1990 to 2016 on a state that's exploding in growth, and you add one million, essentially right under one million registered voters. | ||
|
unidentified
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Correct. | |
| 2016 to 2020, 800, almost 900,000. | ||
| Didn't happen. | ||
| This is the difference between all votes and all legitimate chain of custody. | ||
| That is what is happening on the deck plates in Arizona in three ways. | ||
| One, a physical audit. | ||
| And we had to cut off because we had to get to you. | ||
| Rachel Maddow goes on. | ||
| It's actually so powerful because she she's like pleading. | ||
| She goes, now they actually have their hands on the physical ballots. | ||
| Right. | ||
| You can see the concern in her eyes. | ||
|
unidentified
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She keeps doing that. | |
| She keeps doing it because it's inside. | ||
| They have their hands. | ||
| It's the barbarians inside the wire, right? | ||
| We have the hand audit going. | ||
| And of course, I'm going to say about the bamboo, they don't talk about the administrative password. | ||
| They don't talk about the routers that you've been so spectacular about talking about. | ||
| They don't talk about now you're seeing major discrepancies come forward as the people out there grind through this. | ||
| They're so triggered. | ||
| That's why they weaponized the Justice Department to come in here. | ||
| And the Justice Department, I believe, is using that letter as a predicate to take him to court, get a TRO, and try to get this thing to the federal court system, sue him out there, shut it down. | ||
| They are scared to the marrow of their bones. | ||
| One falls, they all fall. | ||
| And the head domino right now is in Arizona, and they can't stop it. | ||
| And now their worst nightmare is that Cheney Who's the biggest anti-Trump person around will be replaced by a Stefanik that comes out here on the show and commits to the MAGA movement. | ||
| We gotta get to the bottom of November 3rd. | ||
| Oh, by the way, she and Josh Hawley have also said, they put the thing in that we gotta get to the bottom of Wuhan, right? | ||
| You come for the audit, you stay for the virus, right? | ||
| She's writing the two biggest things that happen. | ||
|
unidentified
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100%. | |
| And let's go back out 10,000 feet, right? | ||
| What did these people expect? | ||
| The thinkers in the liberal movement, right? | ||
| And the RINO movement, like Liz Cheney. | ||
| What they expected was once January 6th happened, January 20th came and went, they thought that President Trump and the MAGA movement would just go away, sit down, shut up, and dissipate, okay? | ||
| I'm not sure how they got to that conclusion. | ||
| Maybe they're just wishful thinking and the triggering is so strong within them. | ||
| The triggered force is so strong within them that they just can't get over it. | ||
| But that's what they expected. | ||
| And this meltdown you're seeing is a realization in their hearts and in their minds that we are here to stay, ladies and gentlemen. | ||
| MAGA movement is here to stay. | ||
| They refer to it as the Trump Party. | ||
| Okay. | ||
| We're gonna take a short commercial break. | ||
| Back with Boris. | ||
| Peter Navarro's coming on. | ||
| Major announcements on the economy. | ||
| So bad, Joe Biden's got to step in front of the sticks today and actually talk. | ||
| Be back in a moment. | ||
|
unidentified
|
War Room. | |
| Pandemic. | ||
| With Stephen K. Bannon. | ||
| The epidemic is a demon, and we cannot let this demon hide. | ||
| War Room. | ||
| Pandemic. | ||
| Here's your host, Stephen K. Bannon. | ||
| This is going to take policy. | ||
| It's going to take policy about bringing jobs back to the United States of America. | ||
| Here's what the radical Biden program has done. | ||
| It's just one wave after the other of bigger government and this massive spending. | ||
| And remember, the whole COVID relief bills that President Trump has is to bridge this gap of the drop in aggregate demand. | ||
| It's to make sure you, because of this extraordinary event, people are staying home. | ||
| There's these lockdowns, masks, all that, you know. | ||
| The restaurants are closed, stores are closed, all of that. | ||
| That you put in a cash to bridge aggregate demand. | ||
| Now there were, you know, unemployment benefits, PPP, all this. | ||
| And what they're saying today is, oh, the difference between the million jobs are supposed to be and the 266,000 really created. | ||
| That's because people don't want to come out and work. | ||
| And part of it, part of it may be that. | ||
| But there's deeper things involved. | ||
| So Peter Navarro is going to be on here. | ||
| Peter Navarro is also going to talk about the Club for Growth. | ||
| The Club for Growth are the big anti-Stefanik, and quite frankly, and I don't care how much McIntosh goes down to Mar-a-Lago and runs around and tries to play nicey-nice, they have been adamantly opposed to the policies That's what they really are. | ||
| They're a donor-sponsored group to make sure that the wealthy get tax cuts. | ||
| The wealthy donors get tax cuts. | ||
| That is what they're there. | ||
| The Club for Growth is the club for the wealthy's growth of net worth. | ||
|
unidentified
|
Okay? | |
| That's what it is. | ||
| Peter Navarro. | ||
| And Stephen K. Bannon, two economic nationalists who are populists, who want increased wages, the fourth industrial manufacturing jobs, revolution manufacturing jobs brought back here, the Chinese Communist Party confronted. | ||
| We're going to talk about the Club for Growth and why are they at the tip of the spear of trying to take down Elise Stefanik and trying to support Liz Cheney. | ||
| We're going to get into all that. | ||
| Okay, we got Boris back. | ||
| I want to thank the audience for bearing with us. | ||
| We had a slight Technical problem, but that now gives me the opportunity to go on a rant. | ||
| So that was a mini rant Boris I've said this I've talked to so many people overnight People that are good people people part of the Trump movement and particularly people in the audience that think hey Stefanics too moderate. | ||
| She's too liberal and You know one thing I've told a couple of people. | ||
| I know very well. | ||
| I said, you know, no offense, but in 2014 2014 Particularly after Trump gave this talk in New Hampshire the day Bossie put on with a number of candidates, Rand Paul, Ted Cruz, Mike Lee, Newt Gingrich, a whole posse of folks up there. | ||
| And that's when I said, hey, this guy is definitely going to be the nominee, he's going to be the next president of the United States. | ||
| I told Bossie right then, this guy's the guy. | ||
| All the conservatives, and a lot of the groups that are attacking Elise Stefanik today, were the exact same people that were telling me back in 2014, you got Breitbart too far ahead of this, this guy's not a conservative, so just go back in time. | ||
| And including in the audience, you know, go back and look back in 2013, 2014, 2015, when you had Ted Cruz and all these other guys. | ||
| Were you on the Trump train at that time? | ||
| Did you see the possibilities of Donald Trump, who quite frankly had some issues, much bigger issues in that period of time, much bigger issues than I think at least Stefanik has today? | ||
| And if you see the growth in Stefanik, you see the growth in Stefanik, and remember, As we have said time and time again, until you get to the bottom of November 3rd, until we get to the bottom of Wuhan, it's going to be very difficult, if not impossible, to move forward. | ||
| We have to get to the bottom of that. | ||
| That's why the liberal media is in such meltdown, because now we're changing out the biggest hater, Cheney. | ||
| And remember, she's the last vestige of the Bush-Cheney apparatus. | ||
| That's why they're in meltdown. | ||
| That's why they're holding her up now as Joan of Arc. | ||
| And the reason is they realize once she's gone, they're out. | ||
| OK, and the realignment, the realignment is in working class Hispanics in the in the in the Rio Grande Valley. | ||
| And Stefanik today, Boris, I think you're going to see endorsements in law enforcement, endorsements in the defense of Israel. | ||
| And I believe you're going to see some powerful endorsements coming out from people on the front line on sovereignty, border security, the top of the the top of the The top of the, you know, the people on the wall, etc. | ||
| You're going to see that, I think, come out strongly for Elise Stefanik. | ||
| Boris Epstein, your thoughts, observations, and commentary. | ||
|
unidentified
|
Agreed, absolutely. | |
| First of all, the National Border Patrol Council, Brandon Judd being the president, has already come out for Elise Stefanik. | ||
| Yesterday, an American hero, Bernie Kerik, a true American hero, New York Police Commissioner on 9-11, Okay, hang on for one second. | ||
| Yeah, hang on for one second. | ||
| It's perfect. | ||
| I gotta go back. | ||
| I want to slow down. | ||
| Is the Brandon Judd story up on Breitbart right now? | ||
| Because that's big breaking news. | ||
| Brandon Judd is the head of the union. | ||
| The first time they ever endorsed a presidential candidate. | ||
| Was in the primary, they endorsed Donald J. Trump. | ||
| Brandon Judd is the man. | ||
| We've known him for years. | ||
| We've worked with him with years. | ||
| There's nobody that's hard of core on border security than the union president, Brandon Judd. | ||
| And I think it was the first time ever. | ||
| I know that he was getting close on a letter. | ||
| Is that now official? | ||
| Is that now up on Breitbart? | ||
| Because I know Matt, the great Matt Boyle, Talk about a weapon. | ||
| The great Matt Boyle, I think, was writing up a story. | ||
|
unidentified
|
Is that up on Breitbart yet? | |
| I'm not sure if I saw it on Breitbart, but I know it's coming out. | ||
| I know that's coming. | ||
| That's the National Border Patrol Council. | ||
| Then you've got, like I said, Bernie Kerik yesterday coming out in support of Elise Stefanik, tweeting several times. | ||
| Including saying that she's great for New York and she's going to be great as the conference chair. | ||
| That's Bernie Kerik, who is the police commissioner of New York City on 9-11. | ||
| If anybody ever has an opportunity to hear Commissioner Kerik speak in person about his experiences on 9-11 and then fighting for our country before and after that, it is a life-changing experience. | ||
| But here's the bottom line. | ||
| Here's what you're writing. | ||
| Hang on one second. | ||
| Hang on one second. | ||
| Is the Breitbart story up? | ||
| Let's put that into the live chat. | ||
| This is huge. | ||
|
unidentified
|
with Stephen K. Bannon. The epidemic is a demon and we cannot let this demon hide. | |
| War Room. Pandemic. Here's your host Stephen K. Bannon. | ||
| Okay for everybody lost us in that last segment I want to apologize. | ||
| Guys in Denver are working on a little technical issue. | ||
| They're working on it right now. | ||
| Make sure we get back. | ||
| What I was saying is Peter Navarro is going to be on. | ||
| Major, major announcement today on jobs. | ||
| It shows the fragility of the Biden program. | ||
| And quite frankly, as we've warned in the show, the danger of where Joe Biden and these radical Democrats are taking us with this Quite frankly, not well thought through major expansion of the balance sheet of the Federal Reserve, which is just going to load trillions and trillions and trillions of dollars of debt that we can't pay back onto this in a very uncertain, unfocused economic program today. | ||
| Supposed to be a million jobs announced. | ||
| 266,000. | ||
| Absolutely in shock. | ||
| You should have seen the faces on MSNBC and CNBC when it happened. | ||
| CNN, absolute total shock. | ||
| Peter Navarro is going to join us in a second. | ||
| Obviously the biggest political news is a strong supporter of the president. | ||
| Remember, one of the things Boris and I keep going back to, and Navarro will talk about too, is Billy Bush weekend. | ||
| That's when all the establishment bailed out and Elise Stefanik stood tall, the only elected official female in the Northeast that stood tall with President Trump and they put millions of dollars to defeat her in the run-up to 2016 and she never wavered. | ||
| I understand the voting record's not perfect, But remember, on the key things, and particularly in Arizona and the Wuhan lab, which we've got to get to the bottom of, it is perfect. | ||
| She's a strong supporter of continuing to make sure we get to the bottom of 3 November. | ||
| We cannot move forward until we do, and that leads to the most important part of this, Arizona. | ||
| Do we have Boris? | ||
| We're going to try Boris again. | ||
| Boris Epstein, I know you've got to bounce, but just in summary, walk through the types of endorsements. | ||
| How powerful is the Brandon Judd, the Border Patrol, you've got some of the pro-Israel people coming out today. | ||
| You've got Bernie Kerrick and other law enforcement. | ||
| How important are these endorsements? | ||
|
unidentified
|
They're extremely important. | |
| First of all, let's lead with the fact that President Trump, who is the leader of the MAGA movement, the leader of the Republican Party, has come out and loudly and unequivocally has endorsed Elise Stefanik. | ||
| And you know, for those in the media who are trying to cause dissension and confuse the American public, that's the tip of the spear of the MAGA movement, right? | ||
| From there, you go to the positive things that we've said on your program. | ||
| Steve Bannon, Boris Epstein, Jason Miller has come out, Corey Lewandowski, now you've got the National Border Patrol Council, American hero Bernie Kerik representing law enforcement. | ||
| You're going to have other groups, pro-Israel groups, so on and so forth, coming out and making it clear that Elise Stefanik is the person to go into that position as conference chair of the GOP because she represents today's Republican Party. | ||
| I don't care! | ||
| About the Club for Growth's score. | ||
| I just don't care. | ||
| What I do remember is being on television as one of the early, I'll say it again, early supporters of the candidate Trumps and having David McIntosh going after me so, you know, left, right and center about my backing of Donald Trump, the head of the Club for Growth. | ||
| That is what I remember. | ||
| I'm not, I'm not particularly concerned with where the Club for Growth stands because they were not with us in, as you said, 14, 15, 16. | ||
| Sure, then once President Trump was in the White House and they wanted to come and hang out in the West Wing and push their agenda, Club for Growth started, you know, flipped, became pro-Trump. | ||
| But as we talked about yesterday, If you were somebody who went after Donald Trump, derided Donald Trump, called Donald Trump names in 2016, 2015, or even later, do not come now and tell us what MAGA is, okay? | ||
| We have bled on the battlefield for MAGA. | ||
| And if you were out there, you know, talking about how amazing other candidates are and how Donald Trump isn't a real conservative, you are not the barometer now. | ||
| You are absolutely not. | ||
| Phone line. | ||
| Donald Trump is saying that this is a MAGA candidate. | ||
| The MAGA originals are saying that Elise Stefanik is the MAGA candidate. | ||
| And those who've got a problem with it, well, hey, that's their choice. | ||
| But if you're somebody like Ann Coulter, who every other month is going out and deriding and frankly saying nasty things about Donald Trump, you are not a representative of the MAGA movement, with all due respect. | ||
| So the MAGA movement is behind Elisa Panetta. | ||
| Those who have questions, those who have concerns about the voting record, fine. | ||
| We can take a look at that. | ||
| Yeah, there are definitely some concerns, and going forward, I think you see the arc. | ||
| It's like Josh Hawley. | ||
| You see people are coming into full support of, across the board, the MAGA agenda. | ||
| You see someone like Brandon Judd. | ||
| Brandon Judd put it all on the line. | ||
| He could have been totally blown up when he came out and endorsed Donald J. Trump in the spring of 2016. | ||
| It was huge. | ||
| It was huge. | ||
| I know it because I was there. | ||
| It was huge. | ||
| This guy is a patriot. | ||
| Nobody Nobody is more concerned about border security than Brandon Judd. | ||
| He's just unbelievable. | ||
| Boris, I know you got to bounce. | ||
| We're going to get Peter Navarro. | ||
| We got Peter Navarro? | ||
| Okay. | ||
| We got Peter Navarro. | ||
| Boris, give your social media. | ||
| Everybody needs to be following Boris. | ||
| This story is breaking. | ||
| The vote is going to be next week. | ||
| Here, let me give you some inside baseball. | ||
| The Cheney crowd, and particularly I think the congressman from, I'm trying to think of his name, the congressman from Louisiana came in today and said this is a coronation, not a vote. | ||
| They're desperately trying to move the vote. | ||
| Mike Johnson. | ||
| Mike Johnson. | ||
| And we've got videos. | ||
| Remember Mike Johnson during the impeachment? | ||
| He's sitting down in front of the sticks. | ||
| He's getting crushed by the media. | ||
| And Stefanik's got to step in, go in front of him. | ||
| And just turn the whole thing around. | ||
| I think we'll try to play that later. | ||
| Mike Johnson. | ||
| Hey, Mike, no offense. | ||
| You're not ready for primetime, brother. | ||
| We saw that debacle when you were there in the first impeachment. | ||
|
unidentified
|
Well, I think the fact that his name doesn't come to you represents that also, right? | |
| But he's saying a coronation today. | ||
| They're desperately trying. | ||
| By the way, we got that. | ||
| Is that the Oh, that's the computer. | ||
| I want to get the letter from Brandon Judd later when we get a chance. | ||
| No, but when Mike Johnson says it's a coronation, and they're desperately trying to move the May 12th vote, Cheney is trying to buy time so they can get the Club for Growth in here and blow up Elise Stefanik. | ||
| I will tell you, Elise Stefanik's got to stand on her own, but the Club for Growth's not going to blow up. | ||
| Dr. Peter Navarro and Stephen Caban are going to take that as a personal exercise. | ||
| We've been waiting for this day for a long time. | ||
| The hypocrites of the Club for Growth and what they are is a big donor backed thing. | ||
| They have only one thing in mind and that is the growth of net worth of the biggest, most wealthiest people in this country. | ||
| Okay? | ||
| The biggest, most wealthy people in this country. | ||
| That's the whole thing was set up as a front shill organization. | ||
| They don't care about American jobs. | ||
| They don't care about bringing manufacturing back. | ||
| They fight President Trump all the time on the most core parts of his industrial economic program of bringing Advance manufacturing jobs back here at the United States. | ||
| Elise Stefanik, only time will tell whether she replaces Liz Cheney or not. | ||
| Whether it's a coronation or a vote or however you call it. | ||
| But I will tell you, and Peter Navarro I think will commit to that, it will not be because of the Club for Growth, okay? | ||
| Boris, thank you so much. | ||
| What's your social media? | ||
| Can people follow you? | ||
| Because I know a lot of hedge funds, media, etc. | ||
| are following the show today over the next couple days. | ||
| How do they follow you? | ||
|
unidentified
|
Steve, appreciate it. | |
| Great to be with you on these key issues. | ||
| Do not bifurcate, do not divide the issue of Elise Stefano becoming the next conference chair and this ongoing audit in Arizona and the freight train of audits that's coming after. | ||
| As you see from the opposition party, the left-wing media, those two are one and the same. | ||
| We've got to fight on both. | ||
| At Boris, if you're on Twitter, Boris underscore EPSHTYN on the gram. | ||
| God bless, stay strong, and good Shabbos! | ||
| Thank you very much, Boris. | ||
| I want to now go to Dr. Peter Navarro. | ||
| We've got a couple things we've got to go through, Dr. Navarro. | ||
| The first thing is that you have warned us On this show for many months that the Biden plan is dangerous because it misses the central part about the American economy. | ||
| Do I have Dr. Navarro? | ||
| Peter, so talk to us about this jobs number today and how this really comes, it really symbolizes what you've been warning people about. | ||
|
unidentified
|
Come on. | |
| No. | ||
| We don't have audio yet. | ||
| Let's get this worked out in Denver. | ||
| Here's what I think Pete is going to say. | ||
| I don't want to steal his thunder. | ||
| We're getting back here. | ||
| What we've argued, the theory of the case is the following, is that the CCP virus The COVID-19 virus, when it came, because of certain things were done, you had two things that happened simultaneously. | ||
| You had a massive drop in aggregate demand. | ||
| And what that means is just people that had the ability to go out and buy, remember, tons of unemployment, plus these lockdowns, stay at home provisions. | ||
| You had this major disruption. | ||
| In the American economy, if you go back and look at President Trump's first COVID release plan, we talked about, you have this span, right? | ||
| You have to get from the COVID here back to the American, to the normal economy. | ||
| And the way you've got to do that, you've got to have like, it's like building a railroad, a bridge with a railroad. | ||
| You have to have it in certain kind of spans, right? | ||
| And it was going to take, and President Trump said, it's going to take several, you know, basic bills to do that. | ||
| In the summer of 2019, or 20, in running up to the election, they weren't able to come to the last part of what President Trump wanted to do. | ||
| That is what changed it. | ||
| Now President Trump, his two trillion dollar plan that they were talking about at the time, one trillion of that was to go to infrastructure and to structural issues, particularly key bringing supply chains back to the United States. | ||
| One of the big disruptions in all this and this aggregate demand was demand but also the supply function of the supply chain. | ||
| So much of the supply chain had been shipped over to the Chinese Communist Party, the CCP, right? | ||
| Including the medical supply chain, the very basics of making aspirin and some of these very basics that we needed in this thing. | ||
| Do we have Navar again? | ||
| We're going to try, by the way, we're doing this live on air, we've had a slight technical problem between Denver and the studio, so we're going to try it again. | ||
| Is Dr. Navar, Peter, are you on? | ||
| Can you hear us? | ||
| Cameron? | ||
| Yeah, how's it sound, Steve? | ||
| My brother Steve. | ||
| Perfect. | ||
| All right, let me show you some here. | ||
| The signature of the War Room is the receipts and the granularity. | ||
| So for your radio audience, I'm going to put some charts, but I'll walk you through it here. | ||
| Here's the key numbers from today's report. | ||
| This is the Joe Biden economy that's allowing over a million illegal aliens to flood into our labor markets. | ||
| Steve, you've got 6.6 million workers not in the labor force. | ||
| These are the discouraged workers that are no longer counting who want a job. | ||
| 6.6 million. | ||
| You've got 2.8 million workers prevented from looking for work because of the pandemic and that's clustered primarily in the Gavin Newsom type states where they're basically locking everything down when they shouldn't. | ||
| You've got close to 10 million unable to work because businesses closed Or you've got lost businesses. | ||
| And don't be fooled, Steve, by the hype that wages have been going up, because the only reason they're going up statistically, and this is bad for MAGA, it's because lower income workers are bearing the Disproportionate burden of Communist China's virus getting kicked out of the labor force so they're not getting counted in the aggregate for average wages. | ||
| Okay, how's that for irony there? | ||
| So big picture here, Steve, is I've told you for the last almost year now that we have these tremendous structural dislocations going on. | ||
| In our economy. | ||
| We're not going to solve them with Keynesian massive stimulus. | ||
| That's just going to get us further into debt and disrupt our financial system. | ||
| And everything I'm seeing in the Biden vision of the economy is Groundhog Day going back to how they tried to get out of the 2008 crash. | ||
| Simply by throwing money at the problem. | ||
| I can tell you this, we're not going to get back to nirvana by making electric cars going into 2030. | ||
| Ain't going to happen. | ||
| Hang on, we're going to take a short commercial break. | ||
| We're going to have to stay with this issue. | ||
| I'm going to have to bring you back over the break and then later. | ||
| Also, the Trump program in the summer, his 1.9 trillion was very different in its composition. | ||
| And had it been passed, We would have been through this by now. | ||
| We're not getting to that with Dr. Peter Navarro comparing and contrasting Biden and Trump. | ||
| Economic programs and where they would take the nation. | ||
| In a moment, we return to the War Room. | ||
|
unidentified
|
War Room. | |
| Pandemic. | ||
| With Stephen K. Bannon. | ||
| The epidemic is a demon and we cannot let this demon hide. | ||
| War Room. | ||
| Pandemic. | ||
| Here's your host, Stephen K. Bannon. | ||
| Okay, we've got a lot going on. | ||
| Number one, the internet is in and out in a bunch in the Northeast. | ||
| One of the problems we're having here with the show, but we really want to thank the team in Denver who's doing a heroic job to do this. | ||
| Dr. Navarro, since the audience is thirsty for Dr. Navarro, hadn't had enough of him. | ||
| Dr. Navarro, by the way, is working on a special project. | ||
| Raheem's working on a special project. | ||
| These guys are out working. | ||
| We got them out chopping wood somewhere. | ||
| We're going to keep Dr. Navarro. | ||
| He's going to stay with us now. | ||
| Also, he's going to come back in the 11 o'clock hour after we finish with Sonny Borelli in Arizona. | ||
| And also Marilyn Todd in New Hampshire. | ||
| There's information breaking all over. | ||
| Remember, the only show in the world you can get the geopolitics, high-level capital markets, economics, and you get the activists on the deck plates in New Hampshire and Arizona. | ||
| We love it. | ||
| Because you know why? | ||
| It's all linked. | ||
| What you're doing on those deck plates is what makes these capital markets so robust. | ||
| So I want to take this time, we've got to go back and we'll make sure everybody understands this. | ||
| Today's a very important day. | ||
| It's so important that Joe Biden is going to walk up to the sticks at 1130 and he's going to have some words to say to kind of make sure that Wall Street and the global corporatists and everybody understand that he's still in charge and his plan's working. | ||
| Now, Dr. Navarro, we've got to go back, because I think this is also lost in the midst of time, because as good a marketer as Donald J. Trump is, the selling and marketing of the program you guys worked on in the summer of 2019 that did not pass, and we don't need to point fingers at why it didn't pass, I don't have time for that, but I need to talk about the difference. | ||
| The $1.9 trillion, $2 trillion program you put together with the President of the United States. | ||
| That $2 trillion had a trillion dollars of infrastructure, which really was dealing with the supply chain problem, and basically a trillion dollars to help with aggregate demand and people that were unemployed. | ||
| You were trying to solve for both sides of the equation. | ||
| This is the radicalness of Biden. | ||
| They're totally forgetting the structural side, which Dr. Peter Navarro warned this day has been coming. | ||
| You can't just deal on this kind of blinded Keynesian modern monetary theory part of this and then hope that the supply part of this, the manufacturing part of this, the supply chain catches up. | ||
| Walk us through what you guys proposed, and I know it didn't pass, and how that compare and contrast that to what Biden's doing. | ||
| Let me give you, first of all, the quick solution. | ||
| It's basically to create MAGA manufacturing jobs here to work our way out of the deep hole we're in. | ||
| And the way we were going to do that, basically in the stimulus package, was to not only have an infrastructure component to it, but also to have a huge buy American, make American component. | ||
| We had, for example, tremendous amount of incentives to American corporations to bring back their factories from China. There's going to be like billions and billions of dollars in there for that. But here's the problem that I saw back with the boss as this pandemic hit. And this is why, this is the root source here. | ||
| The nature of the structural problems is this. | ||
| This is an economy that's urban-based in a lot of ways. | ||
| You've got your large metropolitan areas and the Communist Chinese Party virus that hit this country basically destroyed the pillars of modern American cities. | ||
| I mean, think about it. | ||
| It's like the high-rise commercial office buildings where nobody goes to work anymore. | ||
| It's the mass transit, which nobody rides anymore. | ||
| And it's the entertainment and hospitality type districts, the broadways of New York, And so what we're seeing now, Steve, is this structural adjustment where these people are fleeing the cities | ||
| And they've got nowhere to go because the Biden economy doesn't understand that you have to create manufacturing jobs in order to replace those jobs destroyed by the Chinese Communist Party virus. | ||
| So let me show you these stats. | ||
| These stats are really important. | ||
| And again, I'll walk the radio audience through. | ||
| The top line for me is Yeah, they say we got a 6.1% unemployment rate, but that's bogus because we keep losing people from the workforce, right? | ||
| So the denominator and the numerator are not kind of aligned. | ||
| We've got 6.6 million people, discouraged workers, not in the labor force, right? | ||
| Who won a job. | ||
| This is shades of 2008. | ||
| We've got another 2.8 million prevented from looking for work from the Fauci fascists who want to lock you down. | ||
| And then we've got another almost 10 million unable to work Because businesses have been closed or we've lost businesses. | ||
| And when you look again, you've got to lie with statistics, Steve. | ||
| It's like we see wages going up. | ||
| Hey, wages are going up because a lot of the low income workers are out of the workforce. | ||
| So they're not being averaged in to these wages. | ||
| So Biden, what Biden's going to do, give me a preview. | ||
| All he's going to do is come on and say, Hey, everything's going to be alright if you just write me a $5 trillion check to spend on my BS, progressive, crazy Marxist stuff. | ||
| That's going to be his shtick. | ||
| He's going to try to use the fear that's going to be created by what's going to be an emerging economic crisis To basically get that blank check for five trillion dollars. | ||
| That's the Keynesian trap that we're going to fall right into again. | ||
| The reason why we needed a second term with Donald Trump was to continue restoring the manufacturing base and creating blue-collar jobs like Elaine Stefanik wants to do up in New York. | ||
| And Biden just does not get that. | ||
| So, trouble ahead. | ||
| I predicted Months ago, by October, we're probably going to have a significant correction in the stock market. | ||
| And then we've got this second derivative problem. | ||
| Things have been getting better, but at a slower rate. | ||
| And at some point, that flips. | ||
| And what you might see today in that data is an inflection point, Steve. | ||
| Real quickly, you've got 30 seconds. | ||
| Explain to people, when you say second derivative, when we talk, you use this term all the time. | ||
| When second derivative, talk to the audience before we go to break. | ||
| What do you mean? | ||
| Yeah, yeah. | ||
| So a slope going up is a positive derivative, right? | ||
| Increasing, right? | ||
| The slope is flattening and things are decreasing at a decreasing rate. | ||
| The second derivative is negative. | ||
| So when you have something increasing at a decreasing rate, eventually that flips and the first derivative becomes negative as well and things go down. | ||
| That's where we're at. | ||
| We've got a second derivative structural problem and Biden does not get it. | ||
| We told you from the beginning this was a radical plan. | ||
| Okay, Dr. Navarro is going to rejoin us in the 11 o'clock hour. | ||
| We're going to take a short commercial break. | ||
| Dr. Navarro is going to talk about Club for Growth, Elise Stefanik, and more on the Biden plan. | ||
| Biden comes on Live Nation at 11.30. | ||
| We're going to Arizona next, Sonny Borelli, then to New Hampshire, all around from capital markets to the deck plates of getting to the bottom of the audit of November 3rd, all next in the War Room. |
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