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Aug. 24, 2021 - Bannon's War Room
47:55
Episode 1,199 – Afghan is Sinking Biden’s Polling While Mass Migration Moves Towards AmericaEpisode 1,199 – Afghan is Sinking Biden’s Polling While Mass Migration Moves Towards America
Participants
Main voices
s
steve bannon
13:13
s
steve cortes
26:20
Appearances
Clips
a
anthony fauci
00:12
b
boris epshteyn
00:10
| Copy link to current segment

Speaker Time Text
unidentified
Well, the virus has now killed more than 100 people in China, and new cases have been confirmed around the world.
anthony fauci
You don't want to frighten the American public.
unidentified
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.
anthony fauci
That this is going to be a real serious problem.
unidentified
France, Australia, Canada, the US, Singapore, Cambodia, Vietnam, the list goes on.
Health officials are investigating more than 100 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.
anthony fauci
We have to prepare for the worst, always.
Because if you don't and the worst happens, War Room.
Pandemic.
unidentified
Here's your host, Stephen K. Bannon.
steve bannon
OK, it's Tuesday, the 24th of August, Year of Our Lord 2021.
Live, you're in the War Room.
Almost 80 million down on our podcast right now.
And by the way, we're a very special day today.
It's the Hoya Hour.
And we're going to maybe rank order by grade point average.
We've got Boris Epstein, Steve Cortez, Stephen K. Bannon.
The Jesuits got to be really thrilled about this.
unidentified
Right.
steve bannon
They got me totally thrilled.
Is that not in a pitch?
Is that not in a pitch?
unidentified
No.
steve bannon
That's not in a pitch for the alumni?
steve cortes
They will not be showing this hour at John Carroll Weekend on a loop, I will guarantee you.
Listen, I'm sure you both got terrific grades.
I was nominated by the University for the Rhodes Scholar.
I didn't quite get it.
I was a finalist, but I did fine in the grade department, despite the fact that Georgetown would certainly not claim me.
I doubt they'll claim either of you either as grads.
steve bannon
Well, I'm right.
And a star football player.
unidentified
They kept me around for a second degree But I will tell you that my colleagues at Georgetown Law are not big fans of mine.
Let's say that when I went to a reunion during the Trump administration, the term persona non grata was thrown around.
Very, very, very wild.
steve bannon
I actually went to Landgreat University undergraduate, but I was in the same program that Hunter Biden was in.
Of course, 15 years earlier, but the Hunter Biden School of what?
The National Security Studies.
Where's Hunter?
Don't know.
Okay, we got a lot.
unidentified
It got him that board seat in Ukraine.
I guess it was good for some.
steve bannon
Let's talk about Hunter's day.
I want to talk about Hunter's day because in all seriousness, the day has arrived.
We told you on the afternoon of the 20th, our afternoon show, and the morning show on the 20th, get out of the fetal position, don't be sucking your thumbs, take the pacifier out, it's not the end of the world, it's not going to be 10 new states in the District of Columbia, not 50 new justices, none of it, because all we have to do is continue to hammer on his legitimacy, his illegitimacy, his competency, Right. And his radicalness.
And you're going to see the approval numbers implode.
Right. And while that implodes, it bleeds out political capital.
So USA Today, if we put that poll up, Boris Epstein brought it to Cortez and my attention immediately.
Boris, we only get here for the first segment.
So once you walk through, walk through what the, and Cortez tells me they're not putting up cross tabs anymore.
Tell me about this poll, the USA Today poll, which is brutal on Joe Biden.
boris epshteyn
Brutal, staggering, terrible. This is worse for Joe Biden than all those crack weekends away, the binges, the benders for Hunter Biden.
unidentified
This is really bad.
Here's the top line.
41%, this is according to USA Today's Suffolk University poll, okay?
This is a mainstream media, left-wing mainstream media poll.
41% overall approve versus 55% disapprove.
Upside down by 14% overall.
Again, let me say this.
Again, loud and clear.
41% approve, 55% disapprove.
Top line.
Let's drill down.
Let's drill down.
32%!
Only 32% of independents believe that Joe Biden is doing a good job.
Just think about how staggering that is.
Only 32% believe he's doing a good job on the economy.
He's at 39% overall.
On Afghanistan, he's at dot dot dot 26% and dropping.
By the way, if it's really a quarter of Americans who believe that Joe Biden has done a good job on the Afghanistan withdrawal, I, as usual, have bridges all over the country to sell this to somebody.
Okay, let me go to show you.
So hang on, hang on, let me 10 more seconds.
This is a baseline.
This is not the floor is dropping out.
This is just right.
One of the baseline.
steve bannon
Let's go to the calculus of it.
Let's go to the percentage of change.
This is the key point, Cortez.
steve cortes
Correct.
So to give context to just how bad that is, being 14 points underwater, minus 14 per this USA Today poll, he started his administration, according to the RealClearPolitics average, at plus 20.
Plus 20 points!
Favorable versus unfavorable differential.
And an absolutely outstanding poll, okay?
He began, you know, absolutely blowing the doors off polling-wise.
So he went from plus 20 to minus 14.
A 34% net move in seven months.
It has to be unprecedented in all of American politics.
I don't know of any, not just president, any politician, period, who has had that kind of an implosion that quickly.
I think it probably is literally an all-time record.
And why?
It's because of Biden's American carnage.
It's because of what he has done, and I think particularly the three concurrent and created crises, not bad luck, created by his policies.
Open border, inflation spike, and now the disastrous withdrawal from Afghanistan.
That is Biden's American carnage.
The American people realize what we've been talking about.
You know, I know Steve Bannon prides himself correctly so on providing tomorrow's news today.
You've been doing that, Steve, about this polling implosion for a long time.
Now we're starting to see more and more data.
You said we were heading to 40%.
We're there now or, you know, a scratch above in the USA Today poll.
And as we've also talked about several times, Given the lack of enthusiasm, given the fact that there's really no such thing as a rabid Biden fan, this is not a floor.
We're not even close to a floor yet, in my view.
steve bannon
I know you said you think of two handles coming.
Is that true?
Cortez says he doesn't see a floor here.
What do you say?
unidentified
Absolutely no flaw for Joe Biden.
It's going way down.
Because Afghanistan is getting worse.
Keep in mind, this is a poll that was conducted mostly last week.
The images have only gotten worse.
Right?
So this poll trails.
This poll was last week.
The images are worse.
Going out and saying there's no Americans stranded, while there are Americans absolutely stranded.
The images of babies.
Barely surviving or not surviving in the heat, the bodies at Kabul Airport.
And now, believe you me, the images of Afghanis arriving to Dulles Airport, while they may be celebrated by, you know, reporters.
No, that is not celebrated by Americans.
That is only going to drive this polling down because while we want to support our allies, they should be kept in the region and not be brought here without any vetting, any background checks, any check for national security whatsoever.
Joe Biden, hear me now, Joe Biden is going down into the 30s and it may be below.
And you know how we know that?
Because he's at 32% with independents and that is a leading, again, signal not noise, independents are a leading indicator.
He's at 32% now, he's going there overall.
steve bannon
Remember, you've got this overweight with the Democrats.
The Democrats are still in the 80s.
This is the independence of the number to look at.
steve cortes
To put the independence in contrast, too, in the context of where he started his term, he started his term in some polls overall above the 60s.
62% in the CNBC poll.
With independence in almost every poll at the beginning of his term, he was above 50%.
So you're talking a 20% decline among independents in six months.
By the way, to these polls and some of the details, you brought up a crucial point, Steve, which is notice they've stopped providing the crosstabs.
They'll no longer give that link.
And I think the reason that they're doing it is to try to protect Biden.
It's not going to work.
But for example, they don't want people like me going through the 250 pages of the Economist YouGov poll and finding out that the percentage of Hispanics who rate the economy as excellent is zero.
Is 0.0.
But that's only because we had the crosstabs on that.
steve bannon
But that poll turns out it was a leading indicator, but also what you said about the consumer sentiment.
The consumer sentiment, this is where it's catching up, ladies and gentlemen.
It's only going to get worse.
Okay, why is approval ratings important?
Because it shows you the political capital you have.
Boris, I got two hard-nosed political strategists here.
Okay, let's talk about that.
Talk about his political capital.
And how is Nancy Pelosi?
This is why she called him back.
She knew this day was coming.
She called him back now.
She's trying to rush it.
They've got to jam this thing through right now.
Boris, does he have any political capital?
And first off, any Republican that voted for this, the collaborators, now they're seeing what they... You can mock these guys and say, a couple of weeks ago, oh, it's all great.
We're going to be bipartisanship.
This is what it got them.
Boris Epstein, you first.
I'll go to Steve on political capital and Joe Biden.
unidentified
Political capital is non-existent.
It is absolute zero right now.
And you know how we know that?
Look at those nine Democrats yesterday who came out with an op-ed in the Washington Post saying, we are not going to vote for this $3.5 trillion boondoggle going right in the face of Nancy Pelosi, going right in the face of Joe Biden.
Joe Biden is a political albatross right now.
Joe Biden is a political albatross to Nancy Pelosi, to Democrats all across the country, and they know it.
They're facing Historic losses in 2022, and they're facing a big-time loss in 2024, with President Trump hopefully becoming the 47th President of the United States.
steve bannon
Well, let's talk about 2022.
Of the nine Democrats, it was a Steve Cortez called shot.
Three of them.
Cuellar, Gonzales, and the other guy, all from the Rio Grande Valley.
By the way, that's the one that's giving them a hard time last night.
The three.
steve cortes
Yep, and by the way, Vela's retiring also, so he has no worries about his political future in Washington, D.C.
He can just vote his conscience if he chooses to now.
But no, it's fascinating.
This is how a micro-issue, like the Hispanic massive tectonic move toward the Republican America First agenda, toward Donald Trump from 2016 to 2020, how it plays out going forward.
We now have three congressmen, two of whom are running again and are fighting for their political life in districts that are full of Hispanics.
steve bannon
That have been screaming for help.
steve cortes
Yes, who traditionally vote Democratic, but are very conservative people when it comes to matters of economic nationalism, the border, Catholic and evangelical issues.
So this is fascinating how this is playing out.
And by the way, what Nancy Pelosi was smartly trying to do by getting everybody back here, to use a bit of a football analogy, it's almost football season in America, you know, it's as if, it's like when a football team knows they got away with something and they don't want it to go to booth review, they get it to the line really quickly and snap the ball, right?
So that there can't be a review.
That's essentially the political version of that, is what Nancy Pelosi was trying to do.
But as this polling pours out, and as the terrible images and reality of what's going on in Afghanistan pour out, Republicans need to find their backbone.
We can't act like worthless Lindsey Graham, a minority Mitch McConnell, all those 19 feckless Republican senators who went along on a crazy deal with the weakest chief executive imaginable right now.
I mean, this man is literally in freefall, and it's Republicans who insist on trying to somehow catch him.
It's nonsense.
Hopefully, the events of Afghanistan are going to be enough to get them to steal themselves and act bravely for the American people.
steve bannon
So, Boris, Cortez says they've got to steal themselves.
What would be your recommendation right now?
Let's take Leader McCarthy.
What would you tell McCarthy, as a Republican leader, what do they have to do about jamming up Nancy Pelosi right now for the next couple of days?
unidentified
No deal whatsoever from Republicans.
Just came across the wires.
Looks like Democrats may have reached some sort of deal among themselves.
But who knows?
Nothing's ever real in Washington, D.C., especially when Nancy Pelosi says it.
So as Republicans No deal on anything, from the debt ceiling, to the budget, to more spending that Joe Biden is inevitably going to want.
Absolutely no deal without a full border wall at the southern border, and without every Republican priority that we have to stand strong on.
Let us use our leverage now, and that's both for McCarthy and McConnell, especially in the Senate.
We've got them in the Senate.
In the House, maybe Pelosi somehow muscles her way through, unlikely nevertheless.
But in the Senate, Mitch McConnell should be acting like Majority Leader McConnell because the Republicans have the political capital, Democrats have none.
If McConnell acts as if he's in the minority, we're going to continue to be weak and that actually will hurt us at 22.
We've got to act strong.
If McConnell doesn't do it, he doesn't deserve to be leader.
steve bannon
Real quickly, advice you would give Cortez.
Advice you would give President Trump.
How should he comport himself over the next couple of days about this freefall?
steve cortes
Hammer the debt ceiling.
I think that is the lever.
So the information, the key information that we have is the polling freefall.
Also, as you mentioned, this is key too.
Even take it out of politics.
Consumer sentiment.
Consumer sentiment.
University of Michigan Consumer Sentiment Survey, which is the most watched and regarded survey, goes all the way back to the 70s by Wall Street, by economists.
It crashed in August.
I mean, absolutely crashed.
Gave back all of the pandemic gains.
It's lower than the lows of the last spring, of last spring of 2020.
So the country is in an incredibly sour mood.
The country is increasingly anti-Biden.
Read those tea leaves correctly and then determine, all right, what's the political lever to use against him?
It's the debt ceiling.
Do not authorize an increase in the debt ceiling.
steve bannon
Boris, we're on the eve of the release of some results in Arizona.
How important are now these states, the 3 November movement, how important does it get now that people are having buyer's remorse on Biden and they can't find where the 80 million voters are because the polls are in free fall?
Boris, you've got 30 seconds.
unidentified
This is the time for Republicans, not just at the federal level, but at the state level, as Jake Corman, credit where credit is due, did yesterday to come out and say, we are going to conduct audits.
Corman did it in Pennsylvania.
We need the freight train of audits to be going from Arizona, where we'll have the report in the next several days, to Pennsylvania, to Georgia, to Wisconsin, to Michigan.
The time to act is now.
Republicans all across the country, if you want to have a political future, if you want to be successful, stand up, demand audits in every state in the Union.
Let's get this done.
Let's get to the bottom of what happened in November, and I'm confident that the result will be that President Trump won the 2020 election over the feeble, pathetic Joe Biden.
steve bannon
There are decades in which nothing happens, and then there's weeks and months in which decades happens.
You're in the middle of it right now, a fourth turning.
Boris Epstein, thank you very much.
We're going to put your social media up.
unidentified
Thanks so much.
steve bannon
We'll get there on Getter, Twitter, and of course, Boris coming in hot on the Gram.
Short commercial break.
Back with Cortez in the War Room 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.
steve bannon
You know, we're not getting a lot of sleep now because it's 24-7 here in the War Room.
There's so much going on.
Also, all these other activities that we're trying to support and getting back of.
But the sleep we get is great.
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Okay.
I want to put up the story.
Look, here's the uniqueness.
And Boris, by the way, is a street guy also.
But the reason Boris and Cortez are different, you've traded for firms, you've traded in the pits of Chicago, you know capital markets, you know Wall Street, you know how corporations finance, you know public finance, and you know politics, and you know MAGA.
That's pretty unique.
Okay?
Besides messaging, people just think you're going cable TV.
That's another pretty face.
Bloomberg had a story this morning that every American should take And even if you don't understand a word in it, because it's in the business section, you must read this to your children.
This is one of the reasons I like the APE Army so much.
There are four main Americans, and by the way, I'm going to be on Tim Pool tonight, but there are four main Americans that are out there trying to learn finance and economics and crowdsourcing because they want you to be economically illiterate.
As we started the show, we said this is a pandemic that's going to drive an economic crisis that will drive a capital markets crisis that then will draw a geopolitical crisis.
Hey, just saying, I think we were right, correct?
The gap, the yawning gap of Steve Cortez, of the drop in aggregate demand, because we're doing lockdowns all over the world, we didn't have supply chains, we had this drop in aggregate demand, had to be bridged.
And President Trump bridged it and then Biden came in.
But essentially, we did that, we didn't sell the bonds, we didn't raise taxes, we basically printed money.
Four trillion dollars.
Four trillion dollars.
And this is your... Remember, when you say print money, that's a fancy term, or quantitative easing, it's the full faith and credit of the United States.
That is on you.
That is on the deplorables.
That's basically the citizens of the United States taking on another four trillion dollars, paid by you.
Now, right now, Bloomberg did a good thing, put the headline up, 800, was it 843 million dollars?
884, I think, right?
884 an hour.
steve cortes
An hour.
steve bannon
Walk our audience through what this means, and then I want to bring it to today, but it's also... 834, you're right.
It's also the underlying part of Biden's American...
steve cortes
American carnage. Yes, 100% no because that that number shows us why inflation is out of control and why your life has suddenly gotten so expensive Your trip to the gasoline pump your trip to the grocery store your trip to do just about anything has gotten massively expensive because Biden took a country that was already and listen I want to be fair here on a bipartisan basis for the last two decades the United States has been borrowing and spending too much of Okay?
But it was too much, but it was manageable because, particularly under Donald Trump, we had a growth trajectory.
Okay?
We no longer have that under Joe Biden.
This business of the United States is under new management, and management does not have a growth trajectory.
He then took the borrowing and spending and put it into absolute turbo overdrive without a growth trajectory.
What did global capital do?
It started to punish the United States, meaning punish the U.S.
dollar and pour assets into anything that will protect against future inflation.
Things like crude oil, soybeans, houses.
It's one of the reasons if you're out there or your kids are out there trying to save up to be first-time homebuyers, guess what?
They're getting completely priced out.
And the reason is, institutional money is pouring into residential housing in a way it never has before.
BlackRock, BlackStone, both of the black companies are doing it, and they're doing it because of the Biden inflation spike, which is not transitory.
That's the word Washington, D.C.
It's the word of the year in Washington, D.C., and it's nonsense.
There's nothing transitory about it.
So when we see global governments in a coordinated way, as Bloomberg talked about there, spending nearly a billion dollars an hour Here's what it does do successfully.
It can drive GDP higher.
It can drive national output higher.
But what it also does, and what it does not do in any sense, it does not spread prosperity in a diffused way among the populace.
In other words, only the 0.1% benefit from this.
Only the people who own an enormous amount of assets because they want to see asset inflation.
Only the CEOs of multinational corporations.
While the poor, grundoon workers for those multinational corporations are getting absolutely squeezed because their paltry pay raises are not remotely keeping up with the galloping, surging inflation that we see in America right now.
What we saw under Donald Trump, particularly in 2019, you know, I talk a lot about that, but it was the greatest year for American workers ever and it proved It proved that economic nationalism works.
Now, it was unfortunately totally halted by the CCP virus, but in the full year 2019, we saw 6.8% overall wage growth, above 7% for minorities, above 9%, astounding all-time record for blue-collar workers, and all of that, Steve, with an inflation rate around 1% or even below.
So, real gains, real wage growth.
What we see with this kind of coordinated government spending all over the world is the opposite.
We see real wages diminishing, which, by the way, has been going on, let's face it, for about 50 years in the United States.
Workers have not taken part in any substantial way in growth in America since the early 1970s, with some notable exceptions, like the Trump term, which was too short, unfortunately.
We'll start term two before very long.
And like some of the Reagan years.
But with some aberrations in there, for the most part, for 50 years, workers have lost out.
And it's only going to get massively worse Given what Joe Biden and other governments are doing around the world and central banks like the Fed.
This is a big week for the Fed, by the way.
They're out of Jackson Hole, their annual retreat and summit.
Jerome Powell will be speaking later in the week.
I expect them, unfortunately, to continue to be every bit as politicized and clueless as they can be.
steve bannon
Jerome Powell, who's up for a re-election, re-nomination in 30 days, roughly?
steve cortes
I believe that's about it.
It's definitely within weeks.
And you think, perhaps, not going to get re-nominated, right?
Do you still think, perhaps, that Yellen decides she wants back to the Fed?
steve bannon
I think it would be a smart move.
Anybody's better than this disaster.
He's a disaster.
But the policy, one reason he may stick around, he's already told them, I'm not changing interest rates until after 2022, until 2023.
The cruel joke here, because this is what I think.
When people understand what's going on this, and by the way, the reason we spend so much time on capital markets in the economy, because this is real power.
A lot of the stuff you see every day on cable TV, that's pro wrestling to divert you.
It's a diversion to get your attention off reality.
This is reality.
This is why the back here right now, smash mouth in the swamp, which I hate is too cute a term, but in this cesspool of corruption and compromise, they're up here right now trying to jam in another six trillion dollars.
This is also why the debt ceiling is so important, because you do have the power of this.
But here, in the increasing of the balance sheet and going into the full faith and credit of the United States, this is the greatest concentration of wealth now in American history.
The first greatest concentration was Obama, how they saved, quote unquote, saved us in the financial crisis.
It jacked up.
They blew up the balance sheet of the Federal Reserve from $880 billion to $4 trillion.
The heroism of Donald Trump was that in the first year of his administration, he took almost a trillion dollars off the balance sheet of the Fed into those quantitative tightening.
He made things tight.
steve cortes
Let me put some numbers on that.
The supposedly most progressive president in American history, Obama, did nothing but reward the already successful.
Let me put some numbers on that.
So during the entirety of Obama's term, and let's not forget his vice president, the guy who's currently the illegitimate president of the United States, Joe Biden.
So Obama and Biden, during their eight years, only the top 10% of wage earners saw their household wealth grow.
Over 8 years.
And I'm not trying to cherry pick and just punish them.
They did inherit a terrible economy, but they had 8 long years.
Only the top 10%.
The other 90% of America saw their household net worth decline.
That is not something that happens in America over a period of 8 years.
It just does not.
Thankfully, because our country's always been about growth and about increasing prosperity.
Within that 90%, by the way, Black households?
The first black president?
What did he do for black prosperity?
Blacks lost one-third of their household net worth during the Obama-Biden presidency.
I mean, think about that for a moment.
unidentified
But why?
steve cortes
Because most blacks are working-class people, just like a lot of whites are, and most Hispanics are.
steve bannon
And they wiped out their home equity.
steve cortes
Exactly.
steve bannon
They wiped out their home equity.
They try to become a part of the system by owning a piece of the action, then they wipe out the home equity.
steve cortes
Yeah, and to connect us back to the present day, and to this polling that we were talking about with Boris in the first part of the show, 39% approval on the economy.
So 41% is terrible overall, but it's even a couple ticks lower than that.
steve bannon
You get a free handle on it, you're doomed.
steve cortes
39% on the economy.
He was well above 50%.
I think in some polls, even about 60% on the economy when he came in.
So you're talking about a 20% decline there.
Why?
Again, it's because of the Biden inflation spike.
Capital markets are punishing the United States right now for what Biden is doing, and we're paying an immediate price.
It's not a delayed price.
We don't have to project that it's down the road.
And again, I don't have to tell this to you because you know it when you fill up your car and when you go to the grocery store or do anything in your life that is getting massively more expensive.
This is the unfortunate consequence, the terrible consequence of a stolen election.
steve bannon
By the way, elections have consequences.
A stolen election, a fraudulent election, has catastrophic consequences.
You're seeing this right now before you die.
Real quickly, we've got about a minute and a half.
When you say these crises are all caused by him, your American carnage, the Biden-American carnage, what do you mean by that?
steve cortes
Yeah, the three biggest crises in America right now, well, America and abroad, but that America is experiencing, are the Biden border crisis, which was 100% created.
He took a situation that was stabilizing and getting better and better all the time at the border, and he created absolute chaos.
And by the way, I don't think it was incompetence.
I think it was very much intentional.
So that is a created crisis of open borders.
The second created crisis is the one we've been talking about here of inflation, by taking a government that was already spending and borrowing too much, putting it absolutely on steroids.
By the way, in the middle of an economy that was really recovering in a hot way, thanks to Donald Trump, to put some numbers on that, PMI, Purchasing Managers Index for the services sector, something Wall Street pays a lot of attention to, it hit an all-time high of 70 as Biden was coming into office because of the momentum that he inherited from the second Trump boom.
We just got that number out yesterday.
It has crashed all the way back down to 55.
It's back at the basically spring lockdown lows of last year.
And then the third created crisis is the way that they're exiting Afghanistan.
And again, I'm 100% pro-exit.
Very glad that Donald Trump negotiated the exit, kept his campaign promises to get out of there.
But the method in which we're getting out has been an absolute disaster that I fear is going to get worse.
steve bannon
We're going to come back in a second.
We're going to talk about, in the middle of this, in the middle of all this, they're trying to do a transformational couple of deals up here.
America will not come back if these deals are... Everybody says this time it's totally different.
Well, that is not correct.
They are trying to basically add this week six trillion dollars of debt to the balance sheet of the Federal Reserve.
Okay, six trillion dollars.
Look at your children.
Look at your grandchildren.
If we allow this to happen, if we increase the death ceiling and the Republicans allow this to happen, the country's transformed.
We're never coming back.
Steve Cortez will be in the war room to explain it all to you in a moment.
unidentified
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War Room.
Pandemic.
Here's your host, Stephen K. Bannon.
steve bannon
By the way, you can catch Steve Cortez every night of the week at 9pm on Newsmax with Jen Pellegrino.
It's Cortez and Pellegrino.
It's a fantastic show.
What I love about it, and I love Jen, I love the way you guys have great back and forth and it's very newsy, but I love the way you start every night.
You and Tucker start with your opening monologues and your chalk talks and everything like that.
I just love that you pick a topic of the day.
What are the chalk talks you're talking about?
steve cortes
Tonight, to give you a sneak preview tonight, I'm going to talk about the incredibly low percentage of Americans that are being included in these massive airlift evacuations from Afghanistan.
We got new news out today.
It leaked to political State Department cables because this information has not been shared with the public, and now we know why, because it's so damning.
So that is going to be my chalk talk tonight.
It's part of a larger topic, which I think we're going to get into at some point.
steve bannon
Real quickly, the reason I wanted to have you in today, you're so great to come by, There are things going on.
Nancy Pelosi is tough, tough, tough, and she's smart.
I know the audience hates her, but she's smart and tough.
She called them all back, which you never do.
Stop all the junkies, get back here.
Trying to hike the football before they can review the play.
I'm telling you, they've worked all night.
They're hammering these Democrats, these guys in the rear of Grand Valley.
These are transformative.
Transactions.
These are just not normal bills.
steve cortes
This is radicalism we haven't seen since Lyndon Baines Johnson.
steve bannon
Yes.
steve cortes
And even more than that.
steve bannon
Because then we had ability to pay it back.
We had no debt.
That's a big difference.
We had a balance sheet that had nothing on it.
steve cortes
So it's as radical on policy, but way worse in terms of funding.
steve bannon
This is why I want you all to recap.
How transformative are they trying to do?
And if it gets through, and we don't stand tall on the debt ceiling, project out, walk down a couple of years of what happens to America.
steve cortes
Listen, Steve, it's hard for me to exaggerate just how dire this situation can get in terms of inflation, something that we have not dealt with in a generation in this country.
Young people have never seen it in this country.
But we know when we look back historically, if you take a society that is already disputatious, and that's putting it nicely about the United States, highly polarized society right now, a place that is anxious and angry for legitimate reasons, by the way, and you put on top of that, you layer on top of that Sustained systemic inflation, which we are now seeing take hold in this country because of this radical agenda, which proves, by the way, that in economics there's no free lunch, okay?
There is a cost to what Joe Biden and Pelosi and Schumer are doing with this massive, massive explosion of borrowing in Spain.
The cost is literally costs.
It is a cost of your life.
When we layer that kind of inflation upon the society, you know, number one, I worry a lot about what could happen because we know throughout history, whether it's Argentina leading to Perón, the Weimar Republic, We know the concentration of wealth comes from the globalist elitist.
steve bannon
This is why Wall Street and the global corporations want this.
modern societies, right? Not like we are.
Yeah, and by the way... You would say you'd be throwing gasoline onto a dumpster fire.
steve cortes
Right, you're gonna be taking that gasoline, which now costs a fortune, and throwing it on top of a dumpster fire.
steve bannon
By the way, we know the concentration of wealth comes from the globalist elitist. This is why Wall Street and the global corporations want this. Who gets hammered the most, in your opinion?
steve cortes
Oh, middle class, of course.
You know, as always, it's going to be the deplorables.
Yeah, and let me talk, too, about that's sort of the worst case scenario consequences that I'm talking about, which I think can become a reality.
But let's even just talk about a more sort of base case of what happens if the feckless Republicans, if they actually allow Nancy and Chuck to do this to our country.
I think what you're going to see in the in the near to medium term is a couple things.
Number one, capital is going to continue to pour into assets that protect against inflation.
I mean institutional capital.
People who like what's going on from inflation.
People like BlackRock.
They're going to continue to buy homes and you're going to continue to see the aspirational strivers out there.
The people who just got married, just had a child, just started saving money, who want to buy homes, you're going to see them permanently priced out.
And I know you talk a lot about this, Steve, about a nation of serfs, a nation of renters, a nation of people who don't own anything.
That's going to get massively worse.
And I don't mean way down the road.
I mean just in coming weeks and months.
And I think the second thing that we're starting to see already, which is really troubling for America, is a loss of entrepreneurial dynamism.
And what I mean by that is that small business formation is going to suffer terribly because inflation is just crushing for small businesses.
Small businesses in general are consuming the issues that are inflating in price so high.
They're not creating them.
What do I mean by that?
So let's be specific.
For example, not many small businesses are involved in oil production.
Oil companies are giant multinational corporations.
It's going to be salad days for them, but terrible for the small business that uses a lot of energy.
Uh, you know, for the bad hombre Hispanic entrepreneur who just started a landscaping or construction crew and has a bunch of trucks, right?
And his costs are soaring.
He's going to be crushed by that or the or the even potential somebody who would potentially open a business and instead decides not to.
So these are the very real world costs of what is going on in Washington right now.
And again, though, Let's connect the dots here to what we started the show with, Steve.
Connect the dots, look at Biden's poll numbers, and realize, Republicans, it's not even... I'm not even asking you to take a brave stand.
It's actually the somewhat obvious political stand right now.
steve bannon
Don't catch a falling knife.
Correct.
One of those things on Wall Street.
Don't catch a falling knife.
That's what you'd be doing here, right?
unidentified
Correct.
steve cortes
He is a political falling knife.
Look, I was arguing for, in fact, the exact opposite.
As a matter of fact, I wrote an article about this exact point, trying to exhort them before they agreed to that terrible so-called infrastructure deal.
To use another analogy, this was a boxer who was wobbly as hell.
We had the opportunity to deliver a right-cross political knockout punch.
Instead, quite the opposite, let him out of the corner, agreed 19 senators to a terrible deal.
Listen, that's, unfortunately for right now, spilled milk, so I don't want to just continue to harp on that as bad as it was.
It's okay, what can we do from here?
Now what can be done next?
And again, I believe the lever is the debt ceiling.
And here's what I would propose as somebody who believes in the economics of this, but who also puts a lot of thought, and I hope does well, the art of messaging.
And I think, Steve, the right way to message on this, you know, how do we project to the American people that we are defending them in every way?
We're defending their literal security, as well as their economic security and prosperity.
We should have McCarthy and McConnell and perhaps even Trump go to the border, go to that scorching out of control border and make an announcement that we are not giving on the debt ceiling and that one of the reasons we're not going to give is we are not going to continue to borrow endlessly while we invite in absolute masses of trespassers into our country So we're not going to borrow for boondoggle projects and not fund properly the border wall, the security of the United States.
I think it would be incredibly powerful messaging, number one.
The optics of it would be fantastic.
But number two, more importantly, and they're both important, but more importantly in terms of the substance of it.
It would give us a good, because we know the Democrats are not going to agree, right?
They're not going to agree to a fully funded border wall.
So, substantively, it will give us the lever, the fulcrum point, by which to say, no, we are not going to saddle our children and grandchildren with this legacy of debt.
We are not going to become another Japan.
We're not going to have lost decades in the United States.
unidentified
It's not who we are.
steve bannon
Tough people.
Great corporations.
Hard workers.
Right?
30 years.
Been without growth.
The lost decades in Japan.
That's where we're headed.
Okay, you talk about writing.
You got a piece up on the National Pulse.
Talk to us about this.
As Cortez, he speaks truth to power.
This is quite controversial, sir.
steve cortes
Yes.
And by the way, I'll be the first to say my stance here is not yet popular in polling, okay?
It's not.
But I want to persuade people and I want to convince them that it should be popular in polling.
So yes, it's up at Rahim Kassam's wonderful national polls.
Mass migration was never part of the $2 trillion.
Afghanistan debacle and I begin the piece with this sort of foundational statement that migration to the United States, migration to this great country, it exists for only one reason, to enhance the prosperity and the security of American citizens, whether those citizens were native-born or whether they were legally naturalized.
Now that should not be, in my view, a controversial statement.
It is to the corporate media today.
It is to folks on the left who want to pretend that migration to this country... And don't get me wrong, I'm all for immigration, okay?
My name is Cortez.
My dad came here.
Thank God he did.
But we cannot pretend for one moment that migration to this country is just an inherent good, that it's just ipso facto good in all ways.
No, it can be done really well, it can be done really terrible, and when it's illegal, by definition, it's being done terribly.
But then also, number two, we need to realize that the left is not doing this.
Don't buy their crap, okay, that this is about them welcoming the hordes, that it's some sort of Ellis Island projection to the world.
No, it is a very sinister and calculated plan And cynical.
And a very cynical plan to change the power dynamics of this country in permanent ways because they know that existing American citizens are unpersuadable on many of their ideological points, right?
That we are an inherently center-right country on the whole, I would say.
They want to change that calculus, and they believe they can do it with millions and millions of new people, including Hundreds of thousands, potentially, of Afghans.
So I make the point in my article that none of these Afghanis should be coming to the United States.
I absolutely believe that there are people to whom we owe a great debt.
People who took personal risk to help our operations in Afghanistan.
If they are in dire danger, and I'm sure many of them are, we need to help them out if they choose to leave.
By the way, Steve, I also make the point in the article, it would be better for Afghanistan if they would choose to stay.
These are mostly young men.
steve bannon
In the region?
steve cortes
Well, hold on.
I think they should choose to stay in Afghanistan, okay, and fight for their country.
But I understand, you know, we can't force them to make that choice.
If they want to leave, if they choose to leave, we should help them get out.
But in region.
We have military bases all over the region.
We have allies in the region with whom these migrants share culture, share faith.
They should stay in Kuwait.
In Bahrain, in Iraq, in all of those countries and not come to the United States.
And I make two main arguments why.
And it's not because I'm bigoted against Muslims or because I don't like foreigners.
Again, my own father immigrated to this country and I love the melting pot of the United States.
But there's two main reasons I think we have to be very, very careful about which Afghanis we accept here in the United States.
The first is look at the experience of Europe.
They took a massive amount of refugees in from all over the world, but particularly from, I want to talk about Afghanistan, they took them in in 2015.
And the experience has been quite horrific, particularly as it relates to the abuse of women in places like Germany and Austria.
Let me put some statistics on this, because again, I don't like to just talk in generalities.
In Austria, according to, and I cite all this in my article with the links, in Austria, the police in Austria say right now, That a relatively small Afghan migrant population of that country is half of the sexual assaults that are committed in the country of Austria.
Just a few weeks ago, a terrible crime.
13-year-old girl raped and killed.
Three Afghani migrants are charged with that crime.
It became a massive national scandal.
And Steve, it's the worst example of what's going on, but it is hardly the only example.
Because, and this stat comes from the Hoover Institute at Stanford University.
Sexual assaults 2015 through 2018 in Austria.
That was really the huge period of upsurge of these Afghanis coming in.
Sexual assaults in the country, national basis, up 53% during those four years.
That's what happened in Austria.
Next, it's not just an Austrian situation.
Next door in Germany, and this is from the Wall Street Journal, one-third of all sex crime suspects, according to the police there, are foreign born in Germany.
So the experience has been It's terrible.
steve bannon
And the part of the population is quite small, so that number is massively disproportionate.
steve cortes
So my point is, let's look at what's going on in Europe, okay, and let's say, wait a second, time out.
Do we want a lot of Afghani men here, or are we going to protect our homeland?
Are we going to protect our wives, our girlfriends, our daughters, our mothers from just inviting this in and pretending that it doesn't exist?
See, if I'm unwilling to, they're going to call me racist, fine.
They're going to call us racist anyway.
If you oppose any amount of migration, they call you a racist.
I don't care if they call us racist.
It is worth us saying, let's look at the experience of Europe, and let's really consider, do we want to do it here?
steve bannon
Here's the thing about keeping in reach of the vetting process.
Remember, President Trump first took over.
I was able to see all the classified information.
The biggest problem we had was called blue on green assaults.
That was Afghan troops shooting servicemen in the back or trying to blow up these generals, right?
steve cortes
Exactly.
steve bannon
These are the most highly vetted members.
They could get into the inner circle.
These were highly vetted commandos.
My point is even the vetting process there.
Is not perfect.
steve cortes
And that was where you could be intentional with the vetting, because we were fully in control of the country, right?
You could take your time.
You know, these were people who had won our confidence over, and you're exactly right.
150 Americans or coalition forces in total were killed by this, you know, so-called friendly fire.
The toll to the Afghans is actually far worse, which I cite also in my piece.
In 2019, that's the most recent data I could get, 172 Afghan Army service members were killed by their own.
By their own people who, again, to Steve's point, had been carefully vetted, were fully, they thought, fully inculcated into the Afghan Defense Forces.
They turned their guns on their fellow Afghanis.
When they can, when they get the opportunity, they turn them on Americans.
Just last year, one of these guys...
Had a machine gun, just hail of machine gun fire against Americans.
He killed two last year.
Six were grievously wounded before they killed him.
So that's the other reason I point out.
The other second reason is the inability to in any serious and methodical way to vet these guys on the fly during a chaotic situation.
steve bannon
We know that they're allies, but hey, best case in region.
He actually makes the case that most guys ought to stay there because you're still in a fight for your country.
Okay, short commercial break.
We'll return with Newsmax's co-host in the evening at 9 p.m.
on the Cortez Pellegrino Show.
Steve Cortez joins us back in the Royal Room on Real America's Voice in just a second.
unidentified
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steve bannon
Steve Cortez is on getter.
steve cortes
I sure am.
steve bannon
And you're on fire on getter.
steve cortes
I got the best handle on the entire platform, I think.
It's just at Steve.
That's all you have to remember.
I don't know how I got it in front of Bannon, but I did.
steve bannon
Because you're a player.
I got on there first, you know.
I said, I'm not taking Cortez's.
He's the man.
No, no, because you're all over this.
We only got a few minutes.
But you're a guy that has well thought through analytics, not just opinions.
Last night on your Newsmax show, by the way, see him every night at 9 o'clock with Jim Pellegrino on Newsmax, the co-host of Cortez Pellegrino.
Hayden.
Michael Hayden.
Disgusting.
steve cortes
Yeah, no, he really is.
He is as incompetent, okay, as an intelligence community chief, as he is malicious.
Michael Hayden, the former head of the NSA, former head of the CIA.
He's quite a troll on social media, which I think is really unbecoming for somebody who once, you know, had the power that he had, which he should have never had.
But on social media, he really came at me, as a lot of blue-check Twitter did when I said that I didn't want that plane landing in my town from Afghanistan.
Of course, they all blew up and called me racist.
The reasons have nothing to do with race, as I've been talking about in my article and on this show.
But regardless, within the thread then responding to me, some knucklehead came on and said, can we send MAGA-wearing unvaxxed to Afghanistan?
Can we send MAGA-wearing, un-vaxxed, to Afghanistan?
No use sending that plane back empty, is what he said.
Michael Hayden, and again, there's some know-nothing troll.
steve bannon
Hold on, a former four-star general, wasn't he?
steve cortes
No, no, no, hold on, I'm saying this is some no-name troll.
steve bannon
No, no, no, I'm saying what Hayden did.
steve cortes
Oh, correct.
And then Hayden, yes, correct.
Former general, former head of the NSA, head of the CIA.
He came on and said, good idea.
That's his actual quote.
Now, look.
Perhaps he thinks he was being funny, perhaps he thinks he's just trolling, perhaps he completely means it.
It doesn't matter.
Here's the reality.
One of the most powerful spy chiefs in the history of the United States, to have both of those positions, right?
To my knowledge, the only person who's had both.
To have him talk that way about his fellow Americans, about 75 million people who believe in the American First... Plus the backbone of the army, the military.
Of course, and to say that we should be shipped to Afghanistan, which by the way, is just sort of code for saying you should be killed, because of course that's what happened to any civilian who would be shipped off to Afghanistan right now.
And unfortunately, this is not his only example of that kind of trolling.
He also put up a picture, a fantastic picture of a MAGA convoy, a bunch of trucks with flags waving, and he said their Taliban, first he showed the actual Taliban, he said their Taliban, and then our Taliban, referring to American flag-waving Americans as our And here's what I think you need to take away from this is realize that these people in the administrative state, these people in the permanent political class of America, they hate you.
I mean, they don't want you just politically marginalized.
They want your life to be miserable.
Michael Hayden was a general?
He was the head of the NSA, by the way, the head of the NSA leading up to and during 9-11.
So you want to talk about somebody who should have been fired, right?
How are we possibly unaware, with all of the vast spying capabilities that they have, that they have used on American citizens, by the way, quite illegally, how did they not know that was going to happen?
This guy has a center named after him at George Mason University.
steve bannon
Disgusting.
steve cortes
Okay, that's the level at which he is supposedly operating in this country, and he's nothing but a loser troll with hate in his heart for you, for the deplorable.
unidentified
Vengeance is a dish best served cold.
steve bannon
Starting in November of 2022 and thereafter, Michael Hayden, you will get yours, sir.
Okay?
I want to go to California.
There is an absolute political earthquake out there.
You've been all over this because the Hispanic vote is starting to really raise its head, but it's had enough of these radical democratic policies.
steve cortes
L.A.
Times poll, 54% of Hispanics say they are going to vote yes on the recall.
That is a massive shift in an incredibly blue state.
But working-class people in California, whatever their ethnicity, whatever their race, they realize that Gavin Newsom's policies, they are wonderful for big tech, they're wonderful for the elites who live on the coast in Orange County, they are miserable for working-class Californians.
California, I always try to point this out when I get to talk this on air, California has the highest poverty rate in America.
According to Census Bureau data.
That would shock a lot of people.
I think most people would say it's West Virginia, you know, or somewhere else.
It is California, because when you do it properly, where you adjust for costs, the average Californian lives a miserable and quite poor, tough economic life.
They know that, obviously, and I think they're finally going to turn.
Look, whether or not it's Larry Elder, that's who I would vote for, but whether or not it's Larry Elder, the point is Newsom's going to be out.
steve bannon
We had Del Beccaro.
We right here don't care who wins.
It's a free-for-all.
What we want is Gavin Newsom.
You get Cuomo and Gavin Newsom out in 30 days of each other, it's literally a political miracle.
steve cortes
It shows you how volatile politics can be, right?
When you think back, just over a year ago, both of those two looked like the absolute stars of the Democratic Party.
It looked like they were going to be vying to be president at some future date, right?
Both of them.
Now, Cuomo's gone.
Left his dog behind, by the way, kind of amazingly.
I don't understand that at all.
But didn't leave gracefully, that's for sure.
And now Newsom may very well be gone.
steve bannon
Give me a minute on the Rio Grande Valley.
You've called this from day one, working class Hispanics.
By the way, the working class and middle class Hispanics are a key component to the Trump movement and the Trump revolution, sir.
steve cortes
You know, one thing in the Rio Grande Valley I don't think we talk enough about, Steve, is just how Hispanic Customs and Border Patrol is.
It is by far the most Hispanic agency.
I don't know if it's quite that high, but it's definitely well into the majority, you know, super majority, which of course just makes sense.
They're the people who live there, they're the people with the language skills.
Most people in the Rio Grande Valley, they at least know somebody, maybe intimately, who works in Customs and Border Patrol.
So I think it's one of the reasons, certainly not the only reason, but it's one of the reasons driving that peculiarity.
And by the way, the America First Movement is doing well with Hispanics all over the country.
But in terms of real Grand Valley, you know, as we talked about, there are three congressmen who are in a lot of trouble.
I should say three seats.
Two are running.
But I think they're going to be flipped, and will be part of the America First majority in the Republican Congress.
steve bannon
Don't miss Steve Cortez, 9 o'clock every night, Newsmax TV, co-host Jim Pellegrino.
Okay, we're going to leave you.
Charlie Watts, drummer of the Rolling Stones, passed away today at 80 years old.
We're going to leave you from 1971, when I was being beaten by the Benedictine monks in my military prep school.
Sticky fingers!
Can't you hear you knocking?
Charlie Watts.
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