May 11, 2022 - Bannon's War Room
48:40
Participants
| 
| Speaker | Time | Text |
|---|---|---|
| With the latest inflation report that crossed just moments ago. | ||
| Willie? | ||
| Yeah, breaking news just now. | ||
| The April Consumer Price Index shows consumer prices jumped 8.3% compared to this time last year. | ||
| Not quite as high as the 8.5% spike we saw in March, but we still are at the highest levels of inflation in 40 years and prices are soaring, especially the gas pump, which just set another record high this morning. | ||
| At $4.40 a gallon. | ||
| The market's already reacting just minutes before the opening bell here. | ||
| Yesterday, the Dow tumbled for the fourth straight day as investors began to sour on the U.S. | ||
| economic outlook, with some on Wall Street warning of a recession because of inflation possibly as soon as next year, Mika. | ||
| And most of what Joe Biden's going to be doing over the next six months is just window dressing, just like the Republicans, because these are macro factors that are impacting the entire world, not just the United States. | ||
| And two out of the three things you mentioned are, you know, global problems or problems outside of this country that we have no control over. | ||
|
unidentified
|
I'm not sure the president wants to hang a hat on us. | |
| Actually, the third one as well, with COVID. | ||
|
unidentified
|
Right. | |
| COVID, Russia, and screwing up the oil supply, and then China's zero COVID policy. | ||
| Let's bring in columnist and editor for the New York Times Dealbook and co-anchor of CNBC's Squawk Box, Andrew Ross Sorkin. | ||
| Andrew, what do you make of this consumer price jump and the numbers that we're looking at this morning? | ||
| Well, look, the truth is, and I'm listening to what both of you have been saying, you're spot on. | ||
| This is not the kind of report you want because it does mean that things are hotter, much hotter. | ||
| And that puts a lot of pressure on politicians, but there's nothing they can do. | ||
| And then on the Fed, and they're the only ones who have any instrument. | ||
| And it's a blunt one. And so the question is, if you are the Federal Reserve, do you try to effectively put the economy into a recession? | ||
| Is that really your only option? Demand seems to be remarkably strong across the board. | ||
| Wages continue to be high. That may seem like a good thing, but that's sticky, by the way, meaning that's not going down anytime soon. | ||
| We're seeing it in the food, food and gas prices. Housing prices are have been stubbornly high again. | ||
| Great if you own a home or if you're trying to sell a home. | ||
| Bad if you're really thinking about the broader economy. | ||
| So I think it's it's a tough one. | ||
| And you're seeing it today, even in the market reaction before the market opens this morning. | ||
| You know, the futures were up across the board. | ||
| They have they have gone the opposite direction. | ||
| Even things like Bitcoin, which has been this sort of speculative asset now under $30,000, really sort of suggesting that I think there is an increased anxiety that even if this is a peak, Even if this was peak inflation, which would be backward-looking, that it's not clear that this is going to get that much better any time soon, and that means the Fed's going to actually have to act, and that acting, I think, is what has people more anxious than they were yesterday. | ||
| I hate to say it, the conundrum of the day, but it's been the conundrum of the year, really. | ||
| It really has been. | ||
| And of course, Biden did try the Putin gas hike. | ||
| That certainly wasn't the case in the past. | ||
| But as we move forward, Andrew, it looks like that's going to be the case more and more as we move forward, because we actually have rounded perhaps the top. | ||
| And there is a reason to believe that a lot of the forces on inflation actually are going to be decreasing over time. | ||
| The one big exception to that, the one big exception, because of the war, is going to be energy prices. | ||
| And at this point, at this point, Biden's Putin gas hike, at this point moving forward, starts to make more sense than it did a month ago. | ||
| By the way, it's the gas issue, but you were also talking about China COVID. | ||
| We haven't resolved that. | ||
| So the supply chain problem that we're confronting, and it's not of our own doing, and the sad part is there's nothing, if you're in this administration or if you're a part of the GOP competing against this situation, saying these guys aren't doing it, it's not clear there's something they can do. | ||
| And I know there's sort of a helplessness about it, but that is the truth. | ||
| Alright, CNBC's Andrew Ross Sorkin, that is very... That's so disappointing. | ||
| What a disappointing way to start the morning. | ||
| Maryland talked about protecting this institution or talked about this institution, but we got a 40 billion dollar bill at three o'clock in the afternoon. | ||
| I haven't had a chance to review the bill. | ||
| My staff is pouring over the pages trying to see what's in it. | ||
| You want to talk about the institution? | ||
| You want to talk about standing up alongside Ukraine? | ||
| Why don't we actually have a debate on the floor of the People's House instead of the garbage of getting a $40 billion bill at 3 o'clock in the afternoon? | ||
| Not paid for! | ||
| Without having any idea what's really in it, with a massive slush fund that goes to the State Department, $13 billion, $8 billion for the Economic Support Fund, $110 billion for embassy security, we've got $40 billion that is unpaid for, and you want to sit here and lecture this body about what we're going to do or not do about standing alongside Ukraine? | ||
| Why don't we talk about the American people who are hurting, the wide open borders, the inflation that's killing people, the jobs that people can't get because of the cost of goods and services in this country? | ||
| Sitting here and being lectured to when I don't even have time to look at a $40 billion unpaid bill. | ||
| I make a motion to adjourn. | ||
| The impact that it is having on food for the world. | ||
| So when you're home thinking, what is this all about? | ||
| Just think about, when I was hungry, you fed me. | ||
| The Gospel of Matthew. | ||
| It also is so pleased that Mr. Meeks, the chairman of the Foreign Affairs Committee, was with us because we talked about sanctions. | ||
| What a disgrace. | ||
| Using the Holy Word of God to sell this. | ||
| Gonna bring you, we got a great panel. | ||
| It's the 10th, excuse me, it's the 11th. | ||
| Wednesday, 11 May, the year of our Lord 2022. | ||
| We're in the War Room. | ||
| Massive breaking news just as we came on a second ago. | ||
| Cardinal Zen. | ||
| As we've said, a man I've met many times and I think one of the holiest men in the world. | ||
| Someone who actually should be Pope of the Catholic Church. | ||
| Cardinal Zen, a living saint, arrested moments ago in Hong Kong by the Chinese Communist Party. | ||
| Arrested. | ||
| So we're going to get more on that as we go on. | ||
| But the situation we should be looking at, the situation we should be all over, the people we should have stood with in Hong Kong, this is how it's rolling. | ||
| South China Sea, Taiwan. | ||
| That's the vital national security interest of the United States of America. | ||
| And you saw last night, a complete fiasco. | ||
| I wanted to play the helplessness, fecklessness, lies, misrepresentations. | ||
| If that's the best Democrats have, it's going to be over a hundred seat pickup. | ||
| Okay? | ||
| If that's the best they've got. | ||
| The Putin gas hike? | ||
| Nobody believes that. | ||
| American people got too much common sense. | ||
| I've got Boris. | ||
| I've got Harnwell in Rome. | ||
| I've got, and Ben, by the way, I'm going to do some on-air producing, get all over that Cardinal Zen story. | ||
| And we've got Steve Cortez. | ||
| Let's start with the economics and then we're going to get to this disaster. | ||
| of the $40 billion. | ||
| Disaster. | ||
| But I want to get to the CPI, the reality. | ||
| Disaster. | ||
| Here's what we should do. | ||
| Let me go ahead. | ||
| Can you play the chalk talk from Cortez, and then I'll bring Cortez on. | ||
| Do we have that ready to go? | ||
| OK. | ||
| OK, let's play the chalk talk. | ||
| Patriots, unfortunately, another red hot inflation printout CPI at 8.3%, worse than expected and hovering at the highest levels in 40 years. | ||
| That kind of inflation means that real wages are crashing because everything is getting massively more expensive in your life, including food. | ||
| Let's take a look at this situation using the DBA, which is an agricultural ETF, an exchange-traded fund. | ||
| So DBA includes everything from corn to cattle to coffee in one ticker symbol. | ||
| When Donald Trump took office, DBA was just below $21. | ||
| It trended lower throughout his term. | ||
| His handoff to Joe Biden, DBA was at $16. | ||
| Food was getting more affordable continually. | ||
| What has happened since? | ||
| Well, DBA has exploded higher under Biden. | ||
| Now, folks, politicians lie, but prices don't. | ||
| And these are the prices that matter for your life. | ||
| Okay, Cortez, you heard Morning Joe, and they had Andrew Sorkin, and they're blaming it. | ||
| These things are all global things. | ||
| It's all Putin. | ||
| It's all the war. | ||
| It's all China. | ||
| It's all this. | ||
| It's all that. | ||
| One of the reasons the show is so successful is when you come on, and I think it's the best business show because I watch them all. | ||
| I want you to just walk through and explain to the American people right now exactly what these numbers showed us this morning. | ||
| Sure. | ||
| Now, this was a terrible CPI print, yet more damning inflation information. | ||
| Of course, the regular Americans out there, the great citizens of this country, know this because they know how much they're paying in rent at the gas pump, at the grocery store every single day. | ||
| But to this point, Joe and Mika, you know, I said in that Chalk Talk that, you know, politicians lie but the prices don't. | ||
| Well, politicians lie and they're complicit and corrupt corporate media puppets like Joe and Mika when they try to say these are just global forces. | ||
| Let me push back against that with actual evidence and data. | ||
| Inflation here in the United States at 8.3%. | ||
| Let's look at some peer countries around the world, other advanced economies. | ||
| Switzerland, 2.5%. | ||
| France, 4.8%. | ||
| South Korea, 4.8%. | ||
| Singapore, 5.4%. | ||
| These are the kinds of countries that we would compare ourselves to economically. | ||
| These are apples-to-apples comparisons. | ||
| Now, who has higher inflation rates than the United States? | ||
| Not very many countries at all, and it's the likes of Argentina, Turkey, and Brazil. | ||
| Okay? | ||
| So this idea that these are just global forces, And that we are helpless in the United States is ridiculous and the numbers say otherwise. | ||
| That is the reality. | ||
| This is a created crisis. | ||
| In the United States, it is far worse here than in our peer nations and other advanced economies. | ||
| And it's far worse here. | ||
| Why? | ||
| Because of what Joe Biden is doing with the full complicity and help of Republican collaborators like Mitch McConnell and like a lot of House Republicans who shamefully voted to send $40 billion over to Ukraine to what is clearly a regional battle in which there is no discernible U.S. | ||
| national interest at the very same time. | ||
| Steve, I'll come back to you in a second, but then I'm going to go through the individual things and the explosive nature of this and how this is not going to reset, okay? | ||
| This is inflating and we're kind of locked in, but I want to go to Boris real quickly. | ||
| Boris, about Chip Roy, I mean, We talk about authenticity, fight, and the ability to take political pain. | ||
| This country has so many tough decisions in front of them, right? | ||
| About the budget, about ag control spending, about systemic inflation, all of it. | ||
| This was about the easiest call you could possibly have to vote. | ||
| Easiest? | ||
| It's disgusting. | ||
| It is unacceptable. | ||
| easiest walk us through the cowardice of the Republican House of Representatives. | ||
| Forget the Democrats. | ||
| They're they're they're they're they're they're destroying the country. | ||
| The Republicans, I think 157 of them, 158 voted yes on this thing with no debate, not even reviewing the bill. | ||
| Boris Epstein. | ||
| It's disgusting. | ||
| It is unacceptable. | ||
| It is pathetic. | ||
| I don't have to be honest. | ||
| I don't have enough words to really describe how disappointed I am in every single member of the Republican Party in the House who voted for this canard. | ||
| And why? | ||
| Because Joe Biden went to Ukraine on Mother's Day? | ||
| Because Nancy Pelosi blasphemed and invoked the name of God on the House floor? | ||
| We as Republicans have been talking for 10 years now. | ||
| 10 years. | ||
| Oh, Nancy Pelosi didn't let anybody read Obamacare. | ||
| And now we are voting for another bill where nobody was allowed to read it? | ||
| What's the point? | ||
| If I'm a voter at home and I'm looking at these Republicans who are running in the districts and saying, no, we have to go against Nancy Pelosi. | ||
| We've got to fight. | ||
| We've got to be able to read the bills. | ||
| And then I look at this vote. | ||
| What's the point? | ||
| And here's the deal, Steve. | ||
| 100 seats for 100 years, yes, but it's got to be our 100 seats for 100 years. | ||
| No more of this mellow-mouthed nonsense. | ||
| MAGA is smart. | ||
| The War Room Posse is smart. | ||
| President Trump, as the leader of the MAGA movement, absolutely gets it. | ||
| You can't just slow-tap us and talk to us and think you're going to do whatever you want anyway. | ||
| Give away $40 billion to Ukraine? | ||
| For what? | ||
|
unidentified
|
And by the way, who knows if it'll even get to Ukraine? | |
| Maybe get some oligarchs in, you know, in Zurich. | ||
| Maybe some will go to some other woke nonsense from the State Department. | ||
| For those where the money's going. | ||
| We've already put 16... Just 10 more seconds on this. | ||
| Go ahead. | ||
| Sure. | ||
| Go ahead. | ||
| Forty billion. | ||
| Could you imagine what $40 billion could do to inner Baltimore? | ||
| What $40 billion could do to D.C. | ||
| right here a mile away? | ||
| Could you imagine what $40 billion could do at the border of the United States of America, the country we live in, not some country halfway around the world? | ||
| It is unacceptable. | ||
| It is despicable. | ||
| And we will not forget, we will not forget who pushed this vote on the Republican side and who voted for it. | ||
| It is unacceptable. | ||
| It is not MAGA. | ||
| Okay, we're going to take a break. | ||
| Cortez is back. | ||
| We've got Harnwell in Rome. | ||
| We've got breaking news. | ||
| Cardinal Zinn has been arrested. | ||
| Boris Epstein, this $40 billion travesty. | ||
| One name jumps off the page at me, brothers Cortez, Harnwell, and Epstein. | ||
| That is Jim Jordan. | ||
| Jim Jordan did what leadership's supposed to do. | ||
| He stood in the breach and voted no. | ||
| Okay? | ||
| Voted no. | ||
| By the way, it was kind of easy to do it. | ||
| Everybody in every district has to be asking their representative right now. | ||
| Where do you stand? | ||
| If your person voted yes, you've got to be lighting them up. | ||
| Don't call Congress. | ||
| Call their local office. | ||
| Call their local office. | ||
| We're going to get it all up there. | ||
| The Senate hasn't voted. | ||
| We're going to get into all that. | ||
| Beau Hines from North Carolina is going to join us next. | ||
| The group is going to stay with us. | ||
| The cadre is going to be right here as we pound through this. | ||
| Cortez is going to be back with more economic analysis. | ||
| Harnwell from Rome. | ||
| Cardinal Zen under arrest by the Chinese Communist Party. | ||
| All next in The War Room. | ||
|
unidentified
|
We will fight till they're all gone. | |
| We rejoice when there's no more. | ||
| Let's take down the T.T. | ||
| We talked about protecting this institution, or talked about this institution, but we got a $40 billion bill at 3 o'clock in the afternoon. | ||
| I haven't had a chance to review the bill. | ||
| I had a chance to review the bill. | ||
| My staff is poring over the pages trying to see what's in it. | ||
| You want to talk about the institution? | ||
| You want to talk about standing up alongside Ukraine? | ||
| Why don't we actually have a debate on the floor of the People's House instead of the garbage of getting a $40 billion bill at 3 o'clock in the afternoon? | ||
| Not paid for, without having any idea what's really in it, with a massive slush fund that goes to the State Department, $13 billion, $8 billion for the Economic Support Fund, $110 million for embassy security. | ||
| We've got $40 billion that is unpaid for, and you want to sit here and lecture this body about what we're going to do or not do about staying alongside Ukraine? | ||
| Why don't we talk about the American people who are hurting, the wide open borders, the inflation that's killing people, the jobs that people can't get because of the cost of goods and services in this country? | ||
| Sitting here and being lectured to when I don't even have time to look at a $40 billion unpaid bill. | ||
| I make a motion to adjourn. | ||
| Okay, welcome back to the War Room. | ||
| There's a lot going on. | ||
| We're getting more information about Cardinal Zinn. | ||
| LeJour is going to join us in a while. | ||
| Steve Cortez is going to break down the inflation number. | ||
| We got Boris in here for some political analysis. | ||
| It's heating up all over the place. | ||
| Announced this morning that Ducey, Ricketts, and Christie... I'm not making this up. | ||
| Ducey, Ricketts, and Christie are all coming together to go to Georgia to campaign on the bus with Kemp. | ||
| Kemp's got a bus now. | ||
| John Fredericks and the MAGA's got a bus, so it's bus versus bus. | ||
| You saw the numbers today that came out. | ||
| Another crushing blow to the American family. | ||
| We're getting all that here momentarily, but we got Bo Hines From the Tar Heel State the great state of North Carolina had an opportunity spent a little time down there over the last couple of weeks Love North Carolina, and that's tough for a Virginian to say North Carolina 13th a bow you saw the numbers today That came out another crushing blow to the American family We're gonna have a mom on here a little later in the show about the situation with formula and what's happened to her | ||
| And then you saw $40 billion and then Passion Chip Roy, who's a strict constitutionalist, and he's also an institutionalist, sitting there talking about, you get a bill that's got $40 billion, it's very complicated, money going everywhere, no oligarch in Ukraine putting any money in, they're still making money, no European country putting money in, just American taxpayers. | ||
| You're running right now in a heated primary, sir, to represent NC North Carolina 13. | ||
| Tell us your thoughts. | ||
|
unidentified
|
I mean, I couldn't have said it better than Congressman Chip Roy. | |
| I mean, it's absolutely ridiculous what Congress is doing. | ||
| They continually pull the wool over the heads of the American people and expect us not to pay attention. | ||
| I mean, we can't stand for it anymore. | ||
| We're spending billions and billions of Americans' hard-earned money. | ||
| In foreign conflicts that do nothing to benefit the American people, but yet we can't even put food on the shelves in our grocery stores, and we're letting illegal immigrants just run over our own border here domestically. | ||
| I mean, we can't stand for it any longer. | ||
| We have to elect America First patriots that will stand up and fight for our cause, because we're going to lose our country if we don't, Steve. | ||
| Bo, you've got Jim Jordan and a handful, and you've got 57, and you've got some leaders. | ||
| You've got Chip Rory, you've got Jim Jordan. | ||
| But you got, you know, what, 150 Republican congressmen led by all the leadership, right? | ||
| The conference leader, the speaker, or the majority leader, the whip, all of it, all leadership voted for this. | ||
| As a guy running, I mean, how does that strike you? | ||
| These are supposed to be the people setting the tone. | ||
| And more importantly, are the folks in Carolina, is that what they want when they send you to Congress? | ||
| Do they want you just to go along to get along? | ||
| Or do they want this Congress, this Congress that seats in January of 2023? | ||
| Do they want it to be different with real action to get to the heart of the problems in this country? | ||
|
unidentified
|
I mean, they want fighters. | |
| They want people that are going to go up there and voice their opinions in Washington, D.C. | ||
| They want people that are unafraid to speak the truth. | ||
| They want people that are unafraid to stand up for our true conservative values. | ||
| And they want people that are unafraid to take on the swamp. | ||
| They want people that are unafraid to take on rhinos in D.C. | ||
| And trust me, Steve, there's a lot of America First impostors out there, too. | ||
| And the voters see right through it. | ||
| They know who the real fighters are. | ||
| They know who the real conservatives are. | ||
| And in the next Congress, we have to make sure we have enough people so we can hold the line, hold our ground, and even go on offense. | ||
| I mean, we just can't allow these lukewarm conservatives to dominate our party any longer. | ||
| You know, I've said for quite some time that scripture tells us God spits lukewarm Christians out of his mouth. | ||
| It's high time the Republican Party, we started spitting lukewarm conservatives out of our mouth. | ||
| Bo, tell us a little bit about the race. | ||
| Let our audience know what's the status. | ||
| I know you guys are hurtling towards the primary day, but where do you guys stand right now? | ||
|
unidentified
|
No, I feel like we're in a really good spot. | |
| We're the President Trump-endorsed candidate in this race. | ||
| Voters know that. | ||
| Our numbers look really good, but we're just keeping our foot on the gas for this next week. | ||
| We're on the ground everywhere, meeting with as many people as we can. | ||
| But all I can say to the people of North Carolina's 13th District, if you want a real conservative fighter that's going to stand up for you in Washington, D.C., get out there and vote on May 17th in the Republican primary. | ||
| Bo, I think President Trump tapped you because he knows you're a fighter, right? | ||
| America's first fighter. | ||
| How do people follow you, how do they get to know you more, and how do they find out more about your campaign? | ||
|
unidentified
|
Absolutely. | |
| Go to our website at bo4nc.com. | ||
| That's bo4nc.com. | ||
| Follow us on Truth at Bo Hines. | ||
| Follow us on Twitter at Bo Hines. | ||
| Make sure you guys get out there and vote on May 17th. | ||
| It's crucial for our country. | ||
| We need the right conservatives in Congress. | ||
| Bo Hines, thank you very much for taking time away from the campaign trail to join us today. | ||
|
unidentified
|
Thank you, Steve. | |
| Boris, this is the kind of- we need fight- I mean, 57, think about it for a second. | ||
| Everything the MAGA movement has done, everything the people in this audience have done, and not even have the respect- they don't have the respect. | ||
| The Republican leadership does not respect you. | ||
| Not to sit there and go, hey, if we're gonna do this, it's gonna take two or three days, get the bill, let's go through it, maybe even have a hearing. | ||
| Maybe even ask some questions, maybe do some due diligence. | ||
| This shows you the corruptness of the- the corruptness of the system and the cowardice of leadership. | ||
| Boris. | ||
| You know, as we used to say on my football team, it's SOS. | ||
| Same old, and you could fill in the blank on the last one. | ||
| I don't want to get you fined again. | ||
| That's what this is. | ||
| It's the same old nonsense. | ||
| The same old crap. | ||
| It is unacceptable. | ||
| And it's so refreshing to see people like Bo Hines. | ||
| You know, people like Commander Gritens, who's fully against this crazy spending overseas. | ||
| Blake Masters. | ||
| Kyle LeBrew in Missouri. | ||
| We now, we have fighters coming up in the MAGA movement, and if people don't want to fight who are there now, well, move on. | ||
| Move on. | ||
| Because this isn't, just to think that in a moment when Democrats are, think about this politically, fine. | ||
| You know, this is so blatantly wrong on policy, but even think about this politically. | ||
| The Democrats are in the toilet in terms of their approval ratings, okay? | ||
| The Democrats are dead. | ||
| Look at all the, look at all the ballot polling, everything. | ||
| So why in the world would you follow the lead of Joe Biden and Nancy Pelosi on this bill? | ||
| I mean, are the Republicans in Congress this divorced, this detached from their constituents back home? | ||
| Who's going to like this? | ||
| I'm willing to get an answer. | ||
| Maybe we should even put somebody on the show who voted for the bill. | ||
| Because here's what I want to hear. | ||
| I want to hear who at home, who voting likes this? | ||
| Listen, I'm going to go to Cortes here in a second, but here's the thing. | ||
| Even if you think that the territorial integrity and sovereignty and self-determination of Ukraine is worth $40 billion, for five months, I want everybody to understand, $16 billion has been in, already spent, $16 billion they got, they lecture us every day on TV, the Ukrainian leaders, the Zelensky's guys, they lecture us, not enough, not quick enough, you promised us. | ||
| This 40 ban is only for 5 months. | ||
| We just spent 9 trillion in Iraq and Afghanistan. | ||
| That could have gone to this nation. | ||
| No, over there. | ||
| Stolen. | ||
| By the way, where it should be, you would think it would be Shangri-La, you would be incorrect. | ||
| Okay? | ||
| My point is, though, for the guys who voted for it, you didn't have enough respect for your constituents to slow the process down and say, no, at least we gotta review this, we need a couple of days, let's maybe have a quick hearing, let's do something. | ||
| No. | ||
| You just huddled together because the media's all over it with the pictures of the obviously tragedy of the women and children in Ukraine. | ||
| You're weak. | ||
| You are what is the problem. | ||
| Let me be blunt. | ||
| The leadership in the House of Representatives of the Republican Party, all of them, are the problem. | ||
| Okay? | ||
| They're feckless and they're weak. | ||
| And they showed it yesterday. | ||
| That's why Jim Jordan, these 57 that stood up, these patriots that stood up, stand out. | ||
| Cortez, before we get there, I want you to compare and contrast Cortez. | ||
| Put your political analyst hat on here besides your capital markets hat. | ||
| Given the numbers you see and the embedded nature of these numbers now, versus $40 billion for five months, 56, you know why? | ||
| There's no penalty. | ||
| There's no accountability on these politicians. | ||
| Steve Cortez. | ||
| And Steve, we have to view it through that lens because that's the reality of the American people and that split screen. | ||
| That contrast, that juxtaposition of the globalists sending billions of dollars that we do not have over to Ukraine to further escalate a conflict in which the United States has no discernible national interest. | ||
| When you contrast that with the absolute pain, the anxiety that is real, that has been inflicted upon the American people as reflected by this data, that contrast should be shaming for every Republican who dared to vote for that bill. | ||
| And it tells me, Steve, that Republican leadership has to go. | ||
| McCarthy cannot be the speaker. | ||
| I would submit that the speaker needs to be somebody named Jim. | ||
| Either Jim Jordan or Jim Banks. | ||
| I think either one of them would be fantastic. | ||
| But we need new, bold leadership. | ||
| Because the America First movement will not stand for this kind of establishment nonsense. | ||
| Particularly when citizens are suffering at home economically. | ||
| Let me ask you a question. | ||
| Did Banks vote no yesterday? | ||
| Was Banks a no? | ||
| Yes, he was. | ||
| Jim Banks was a no. | ||
|
unidentified
|
Correct. | |
| Pretty impressive. | ||
| I think Banks is making a move. | ||
| Banks is making a move. | ||
| He deserves it. | ||
| Banks is making a move. | ||
| And he knows what time it is in America. | ||
| And speaking of what time it is in America, Steve, Unfortunately, the economic pain that people are suffering right now is very real. | ||
| And just to further debunk some of the narrative that you're seeing from the corporate media that this is Putin's price hike. | ||
| No, it is not. | ||
| When Joe Biden illegitimately prevailed, let's talk numbers and data. | ||
| When Joe Biden illegitimately prevailed in November of 2020, crude oil, the current crude oil futures price was just above $40 a barrel. | ||
| It had already moved into the 80s by last Thanksgiving, before anything was hot in Ukraine. | ||
| Before there was any crisis in Ukraine, it had more than doubled. | ||
| Now, has the inflation scenario been exacerbated by our insertion of America into this war, by our insistence on escalation? | ||
| Yes, it has exacerbated an existing inflationary spiral. | ||
| But that Biden inflation spiral, that surge, predated anything going on in Ukraine, and we are not going to allow him to try to divert and deflect and use Putin as some sort of beard. | ||
| This is Biden's inflation. | ||
| He has to own it, along with a lot of Republicans, people like Mitch McConnell. | ||
| That is the economic reality. | ||
| That's the pain that regular American citizens are suffering right now. | ||
| Okay, we're going to take a short commercial break. | ||
| Boris, I'm going to ask you to stay over just for a few minutes into the next segment. | ||
| We're going to get more into the economics of it all. | ||
| How it's going to impact your life. | ||
| Ben Harnable is going to be with us. | ||
| More about this Ukraine situation. | ||
| Also, this massive news, particularly if you're a Catholic. | ||
| Cardinal Zen under arrest by the Chinese Communist Party in Hong Kong. | ||
| The CCP just installed a hammer in Hong Kong to run the place. | ||
| Hey, guess what? | ||
| He hammered today. | ||
| Short commercial break. | ||
| We're going to be back in the War Room in just a moment. | ||
|
unidentified
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We rejoice when there's no more, let's take down the CCD! | |
| 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, the two-gun strategy. | ||
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| Now the other gun, is the great coffee. | ||
| Remember, it's the only reason Cortez drops by anymore. | ||
| Warpath.coffee. | ||
| You get the coffee. | ||
| By the way, Boris has also been a pest, wants to come over here all the time. | ||
| Hey, I'm talking to my producer. | ||
| I think we get Cortez and Boris a couple of bags of the coffee and then see if they still love us. | ||
| See if they still want to come by. | ||
| Warpath.coffee. | ||
| Dark Roast. | ||
| Cortez is all over that. | ||
| You got the Mariner's Blend, named after my Beloved Navy, right? | ||
| The Mariners blend, which is the dark roast, a blend of a couple of dark roasts. | ||
| We've worked on that with the Navy SEALs and special operators that own and run the company. | ||
| And then we've got the breakfast blend, a little lighter, but it's got a kick called black powder. | ||
| Go there today, get 10% off Warpath.coffee if you put in War Room. | ||
| Boris, give us your quick and dirty assessment where we stand politically. | ||
| Announcement today, and at first I thought it was a parody. | ||
| But it's not. | ||
| It's actually real. | ||
| Since the John Fredericks and the war, the bus going across Georgia, once again, the MAGA Freedom bus is on fire. | ||
| You know, Cortez is down there having breakfast, being a rock star down there. | ||
| The bus is going everywhere. | ||
| Kemp's announced the bus now. | ||
| No, I'm not making this up. | ||
| Kemp's announced the bus. | ||
| Here's who's on the bus. | ||
| He's going to get a trifecta of Doocy, Doocy, and Christy, right? | ||
| And, of course, Ricketts in Nebraska. | ||
| You got all three. | ||
| That would draw a big crowd. | ||
| Ducey, Christie, and Ricketts. | ||
| Please tell me who would go hear those three guys speak. | ||
| I gotta see that crowd. | ||
| I wanna see who shows up. | ||
| I got interesting questions, like, what are you doing here? | ||
| What is this about? | ||
| Talk to us about Georgia, because clearly Georgia's heading up to be Waterloo right now. | ||
| They're going all in. | ||
| This is now 2022. | ||
| This is 2024. | ||
| All three of those guys have ambitions. | ||
|
unidentified
|
They're all on the outs right now. | |
| Okay, don't get nasty. | ||
| Okay, tell us seriously. | ||
| Now we're heading down, we've got Pennsylvania, we've got, and then on the 24th, we've got, you know, you've got North Carolina, Alabama, but you've got Pennsylvania, and then you've got Georgia. | ||
| Tell us about it. | ||
| George is the big one. | ||
| I mean, there's no doubt about it. | ||
| George on the 24th is the big one, and the key is to keep Kemp from going over 50 percent, to push Kemp and David Perdue into a runoff, because right now, Perdue is surging, and Kemp is on his way down. | ||
| That's why he's bringing in the quote-unquote big guns. | ||
| I mean, Doocy, Ricketts, and Chris Christie? | ||
| It's as sad of a sack of group of people as you could imagine. | ||
| How are they—what are people—again, Same question as to these people who voted for this bill. | ||
| What voters in Georgia are going to be excited to see Doug Ducey? | ||
| And what's Brian Kemp thinking? | ||
| Oh, I stabbed MAGA in the back of the front. | ||
| Let me get another guy who did it also from Arizona to help me out. | ||
| Let me get another term limit. | ||
| No, no, whoa, whoa, whoa, whoa, whoa. | ||
| But I think that's the point. | ||
| This is what I think is great about it. | ||
| They're not shy now. | ||
| Of course. | ||
| Doug Ducey is the most anti-MAGA governor of any MAGA state next to Kemp. | ||
| You got Christie who just trashes the president all day long. | ||
| Always been a turncoat, right? | ||
| And you got Ricketts who just went head-to-head to Nebraska to say, hey, I'm running for president and I don't care if I get a smear, guys. | ||
| I'll do whatever it takes with Brian Baker in my operation. | ||
| Now they're all, all of them, all the demons are going to congregate in Georgia. | ||
| This is 2024. | ||
| This is right now. | ||
| They say, hey, we've got to figure out how to stop Trump. | ||
| Let's try to stop him in a blood-red state, a MAGA state. | ||
| There's no better MAGA state out there than Georgia, okay? | ||
| You've got great patriots down there. | ||
| So they're going to try to take him on. | ||
| And I think the good news is it's in high relief. | ||
| There's no 50 Shades of Grey here, okay? | ||
| This is as black and white as you can get Boris Epstein. | ||
| No doubt about it. | ||
| They're all in against MAGA. | ||
| They're all in against us. | ||
| And that's what they're doing. | ||
| That's their decision. | ||
| That's what they want to do. | ||
| And that's fine. | ||
| Now it is up to the voters of Georgia to decide. | ||
| Do they want people who are honest with them? | ||
| Who say that this was a stolen or rigged election? | ||
| Do they want those who are fighting for MAGA? | ||
| David Perdue, Jody Heiss, John Gordon. | ||
| Or do they want the RINOs, Brian Kemp, Raffensperger, and others? | ||
| It's a clear choice, and you know Kemp is making it clearer than ever. | ||
| You're right. | ||
| He's saying, in your face, I'm doubling down on Rhino, I'm doubling down on non-MAGA, and that's where they're coming from. | ||
| And that's their decision. | ||
| Now it is up to the War Room Posse, the MAGA movement, to put its shoulder to the wheel and show Brian Kemp that he's making a major mistake. | ||
| They got, look, they announced the Bush thing in Texas, he's gonna go down and kiss the ring of the Bush apparatus, got Karl Rove and all those guys, and then 48 hours later they announced Christie in Ricketts in Ducey, right? | ||
| This is the rump establishment. | ||
| The same guys that voted, and by the way, the same guys in the Senate that'll vote for this bill, that's the crowd. | ||
| That's what this is about. | ||
| So hey, bring it. | ||
| I'd rather vet it now. | ||
| Like in any kind of problems, you've got issues, business issues, family issues, get it on the table and let's lance the boil. | ||
| Let's not let it fester. | ||
| So, if you wanted to make it Georgia, okay, let's make it Georgia. | ||
| Let's do it. | ||
| Game on. | ||
| Boris Epstein, how do people get to your social media? | ||
| How do they get to find you during the day because you're on fire? | ||
| This month of pain, the 60 days of pain, month now and it's going to be a month into the runoffs, the 60 days of pain are the most important thing we have going on. | ||
| Okay? | ||
| It is, yesterday in Nebraska, you know, hey, what happened to have Herbster down by five, would have been down by 25 without President Trump's endorsement. | ||
| In West Virginia, that was the biggest showdown yesterday. | ||
| President Trump against Joe Manchin and Alex Mooney backed by President Trump wins by double digits. | ||
| The MAGA movement is stronger than ever, President Trump is stronger than ever, and we've got to continue fighting, we've got to continue winning, and we'll only win if our elected officials, the people we put in office, do the right thing and stand up. | ||
| We had a hot newsletter go out right now, boriscp.com, sign up right now, at boriscp on Gitter, hot on Gitter, at boriscp on Twitter, at Boris on Truth Social, and of course, hottest on the Gram, Boris on the Scrap Stein. | ||
| All eyes on the Senate. | ||
| Call your local senators. | ||
| Call your senators from your state. | ||
| Call their offices. | ||
| Don't call them in D.C. | ||
| Call their offices. | ||
| Let them know that every Republican senator has got to be a no on this $40 billion. | ||
| Because he here, wins here, are going to translate it to wins at the ballot box for MAGA. | ||
| Stay strong. | ||
| God bless. | ||
| I'll see you this evening. | ||
| Amen. | ||
| Cortez, before we get into the economics, your assessment of what Boris just said, particularly about this Senate vote and particularly about, you spent a lot of time in Georgia. | ||
| I mean, you were kind of the rock star in Ohio. | ||
| You went out there and spent, people don't realize the amount of time he spent going around with J.D. | ||
| You got them, Warren Posse, everybody was coming to you. | ||
| They came to you at the breakfast. | ||
| You've got as good a feel for what's happening on the ground. | ||
| How big a deal is it that these three never-Trump governors announce that they're all going down with Kemp, the four amigos? | ||
| Well, you know, Steve, we shouldn't expect that the establishment, the Republican establishment, the Uniparty establishment, really, that it's just going to go down easily. | ||
| It's not, right? | ||
| We have to take power from them. | ||
| This is a group of people, whether you're talking about the oligarchs of big business or the permanent political class operators in Washington, D.C. | ||
| and their lobbyists, this is a cadre of people who have succeeded massively in recent decades, have enriched themselves, have garnered an enormous amount of concentrated power, In this country to the detriment of regular people. | ||
| So they're not going to just willingly let that go, right? | ||
| We need to seize it from them. | ||
| And that process is ongoing. | ||
| We fought the establishment in Ohio. | ||
| Tens of millions of dollars poured in against JD Vance as the President Trump endorsed America First candidate. | ||
| We fought the Club for Growth, which should be called the Club for Chinese Growth. | ||
| And that that similar fight is happening in primaries all over the country, which is why You know, I want to make sure that the the war room posse out there stays incredibly informed and engaged because in some ways the primaries are more important than the general election. | ||
| We have to have the right nominees. | ||
| I think we did that in in Ohio with JD Vance. | ||
| We're going to do it in a lot of other states, but you know again. | ||
| The establishment is not going down willingly, and we shouldn't expect that they will. | ||
| This is a serious fight, but it's one where we're going to win and where the momentum is on our side. | ||
| The momentum is not on the side of Chris Christie and Ducey and Ricketts, that's for sure. | ||
| You saw, by the way, this connects the dots back to your Illinois situation with Ken Griffin yesterday. | ||
| The establishment, and this bill, remember the $40 billion, this is all payoffs for the defense contractors, $20 billion for the defense contractors. | ||
| There's all types of money, there's slush funds all over. | ||
| This is the way the establishment, and they don't care about your, if they cared about your situation, the economy would not be where it is today. | ||
| If they cared about your situation, they'd be trying to get, go ahead brother, jump in. | ||
| To that point, and you know, and Boris was talking about this before, like, well, who benefits, right? | ||
| And if I can channel my high school Latin teacher, Sister Mary Gale, who taught me a lot about ancient Rome. | ||
| In ancient Roman courts, there was a phrase that formed part of jurisprudence, and it was quibono. | ||
| Quibono. | ||
| Who benefits? | ||
| That means in Latin. | ||
| So who benefits from this $40 billion? | ||
| It's not like nobody does. | ||
| No, plenty of people benefit, just not regular Americans. | ||
| Who benefits? | ||
| Well, the defense contractors, as you've named, a lot of NGOs all over the world, Ukrainian oligarchs, the Davos crowd, right? | ||
| All of them benefit. | ||
| So, unfortunately, you know, there are still these leeches who siphon off of the system. | ||
| It's the reason why Washington, D.C., as a metropolitan area, has the five wealthiest counties in America. | ||
| Think about that for a moment. | ||
| It's not because they're curing cancer. | ||
| It's not because there's amazing technology. | ||
| Coming out of the beltway, it's because our United States capital acts too much like the capital from the Hunger Games and acts as a leech upon the prosperity of the American people. | ||
| The same American people who are right now suffering terribly from inflation. | ||
| If I can, Steve, I'd like to just quickly show the charts. | ||
| To show some of the details from the CPI report we got this morning. | ||
| Hang on, I want you to take your time to go through these, because they're very important. | ||
| Because here's why. | ||
| 60% of the American people live paycheck to paycheck. | ||
| Our audience, the people on fixed incomes, the retirees, you're getting crushed, and it's not going to stop. | ||
| For the rest of the Americans that are not living paycheck to paycheck, if you're let go, four weeks from now, you're destitute. | ||
| Virtually the entire middle class, within 90 days, you're done. | ||
| You're finished. | ||
| Okay? | ||
| And that's what's going to happen next is the big unemployment. | ||
| So everybody, we got to walk through this. | ||
| We're going to walk through it slowly and make sure people understand it. | ||
| Because nobody in Washington, D.C., except for a handful of patriots, has your back. | ||
| And Steve Cortez is right. | ||
| We have to seize power from these people. | ||
| We have to seize power from the Republican leadership. | ||
| They are corrupt and they're incompetent. | ||
| Okay? | ||
| If they were competent and corrupt, I could handle the corruption. | ||
| I could. | ||
| I really could. | ||
| But they're not. | ||
| They're incompetent and corrupt. | ||
| It's like the elites in this nation. | ||
| They don't deserve to have the spiff of being elite. | ||
| Go ahead, Cortez. | ||
| Take your time. | ||
| We've got another segment. | ||
| We can take as long as we want. | ||
| OK, great. | ||
| So listen, the headline was terrible. | ||
| 8.3% worse than expected. | ||
| We're hovering right at 40-year highs, but sometimes the devil's in the details, and that is certainly the reality with this inflation report, unfortunately. | ||
| So let's get to the first. | ||
| And by the way, these are necessities, Steve. | ||
| These aren't luxuries that I put on this chart, right? | ||
| These are the things that people need to live their lives, okay? | ||
| And all of them, from gasoline, to used cars, to natural gas to heat your home, to food for the table, all of it up double digits. | ||
| This is the reality. | ||
| And by the way, these are the official CBI reads, which I believe understate inflation significantly. | ||
| But even if we were to accept the government's numbers at face value, These are the component reads within this CPI report from this morning. | ||
| Now, if we go to chart two, I want to show you one of the reasons why food prices are exploding, and this is fertilizer. | ||
| That is a five-year chart of fertilizer prices. | ||
| During the entirety of Trump's term, fertilizer prices were stable and low and affordable. | ||
| Great for American consumers, great for American farmers. | ||
| What's going on right now, and I mark there where Biden takes office, Fertilizer prices are exploding higher. | ||
| You know, I mentioned earlier Jim Banks. | ||
| I actually was talking to a farmer from his district in Northeast, Indiana. | ||
| Some of the best farmland in the entire world. | ||
| Some of the most fertile ground that we are blessed with in the United States to feed our country and more. | ||
| And this farmer told me, Steve, that because of fertilizer prices, he believes he's going to have his first losing year ever. | ||
| He's been doing this for 40 years. | ||
| A very successful, very hard-working farmer. | ||
| He expects, as he puts his food in the ground this spring, he expects that this is going to be his first losing year ever because of what's going on with fertilizer prices. | ||
| Cortez, hang on one second. | ||
| We're going to take a short break. | ||
| We're going to come back. | ||
| We've got Steve Cortez. | ||
| We're going to do some economic analysis. | ||
| We're going to talk to one of the moms across America about the formula situation, what it's doing to her babies. | ||
| Also got Liz York coming up about Cardinal Zen. | ||
| We've got a lot. | ||
| We're going to get it all in next in the war room. | ||
|
unidentified
|
The choice. | |
| When there's no more, let's take down the C C monitors us, censors us, D platforms us conservatives have been helpless to do anything about it. | ||
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| It's time to cancel, cancel culture. | ||
| OK, I want to get that Senate number up. | ||
| We got we got to get everybody manning the ramparts again. | ||
| You've got to get to your senators and say under no circumstances do you vote for a oligarch bailout. | ||
| That's right. | ||
| You're bailing out the oligarchs in Ukraine on about a dispute on their eastern Russian speaking border when that money should be going to the southern border of the United States. | ||
| First of all, we shouldn't be putting another 40 banks. | ||
| We should take what we need for the wall and for the security out of the $5.2 trillion budget, or $5.5 trillion they just passed 60 days ago. | ||
| Steve Cortez, walk me through some more economics. | ||
| I want to make sure everybody understands the dire situation we're in. | ||
| Well, Steve, it's not surprising, given this dreadful inflation news, that Americans are losing hope. | ||
| They're losing optimism in their own personal future and in the direction of the country. | ||
| So if we show chart three here, this is a new poll just out from Investors Business Daily. | ||
| They just released this yesterday, and this is the direction of the country. | ||
| It's basically the right track, wrong track differential. | ||
| As you can see, that is trending decidedly downward and has been ever since Joe Biden took office. | ||
| It's reflected in the polling, it's reflected in the prices that we're paying, the reality of what Joe Biden has done to this country. | ||
| And again, remember, this is not bad luck. | ||
| It's not a consequence of the business cycle. | ||
| It's not something that Putin did to us. | ||
| No, this is coming from Washington, D.C. | ||
| This is coming from the Washington Uniparty. | ||
| Mitch McConnell, as an accomplice, along with Nancy Pelosi and Joe Biden, they are crushing the prosperity of regular working class Americans who have to deal with this reality. | ||
| The America First movement has answers. | ||
| We do. | ||
| We have a lot of answers to solve these problems and to fix this mess that we've been put in, but we have to back the right candidates who have the authenticity, the courage, and know what time it is in America right now to get about the business of reversing that line, Steve. | ||
| I want that line to turn around and start trending up again of Americans confident in our country. | ||
| We can do it, but it's going to take a lot of prayer. | ||
| It's going to take a lot of hard work. | ||
| Steve, how do people follow you during the day and how do they get to your writings? | ||
| Yeah, please find me on Gitter. | ||
| I'm at Steve. | ||
| Very simple. | ||
| You can also find me on Twitter at Cortez. | ||
| Steve Cortez with an S. Brother Cortez, thank you very much. | ||
| Big day. | ||
| We'll be back to you right after the show. | ||
| So thank you, sir. | ||
|
unidentified
|
Thank you. | |
| You know, this country, this kind of participatory populism that we're taking the country back over was personified or manifested itself in Texas over the weekend with all the parents, parental rights, moms for liberty, moms for America, all these different groups turned out at these school board meetings, sweeping victories across the board. | ||
| And so, it's important to get the reality of what's happening on the ground because that's where real change is coming. | ||
| It's massive change. | ||
| Let's go now to Amber Barkas. | ||
| She's a mom. | ||
| I want to talk to her. | ||
| I've been looking for somebody to come in and explain the Formula situation. | ||
| Amber, can you tell us, give us your real-life experience about the situation with Formula? | ||
|
unidentified
|
Real-life experience? | |
| There's nothing on the shelves. | ||
| This happened before the Semilac recall in February. | ||
| We started noticing that the shelves were emptying about January or so. | ||
| My family stocked up just in case because we've seen inflation we've seen things disappear very quickly and then the recall happened and Similac is gone. | ||
| What's happening is since that variety is gone now moms are having to go to other brands and it's making the supply a lot smaller than what it used to be. | ||
| When you take a big dog out of the race there's really nothing left. | ||
| The problem is you can't Which formula is easy with babies because certain babies have certain issues. | ||
| Tummy issues. | ||
| My son has milk allergies. | ||
| Some babies are on feeding tubes that require a specific formula. | ||
| And when you don't have it, it becomes very scary. | ||
| And it's concerning that it's not more of a mandatory issue that's being addressed. | ||
| Has anybody come forward and given you any explanations? | ||
| I mean, do you have a good sense, being a mom with a baby, do you have a sense of where things actually stand or how this happened in the United States of America? | ||
|
unidentified
|
I have my own personal sense. | |
| But no, nobody has come forward and said anything. | ||
| I mean, from any direction, from the left or from the right, from any administration, they're just blaming it on this recall that happened. | ||
| But we expected it to last a couple of weeks. | ||
| You get rid of the recall items. | ||
| Restore it, replace it, and it's over. | ||
| We're almost four months in and formula is still gone. | ||
| I don't know why we're not taking care of our youngest citizens. | ||
| Nobody said anything. | ||
| Do you have a sense that there's any solution being worked on? | ||
| From a mother's perspective, does it feel to you that this is getting better? | ||
|
unidentified
|
No. | |
| If anything, I feel like it could be family getting worse. | ||
| Like I said, it started in January, the recall happened, and people are scrambling. | ||
| Thankfully, for whatever reason, doctor's offices have samples. | ||
| Go figure. | ||
| I was able to get some samples. | ||
| If you're on government assistance, I'm being told you still get your formula sent to you in the mail. | ||
| But for the rest of us middle Americans, we're having to just fight in the stores for whatever we can find. | ||
| Amber, they just passed a $40 billion bill last night, in the middle of the night, to send $40 billion of aid over to Ukraine. | ||
| How does that sit with you, given the circumstances you have as a young mother? | ||
|
unidentified
|
It's tough. | |
| I do feel for the people in Ukraine. | ||
| I really do. | ||
| However, we have our own issues here that aren't being taken care of. | ||
| These babies are Americans, obviously. | ||
| They're going to grow up, be voters, be well-rounded, hopefully, citizens of this country. | ||
| We need to support them. | ||
| We need to have something in the bill to help get what they need. | ||
| We can't just not feed our children or just give them, you know, crumb is what we're giving everybody else in the world, whatever they need. | ||
| So it's kind of a, it's kind of a sensitive topic. | ||
| I do feel for Ukraine, however, enough is enough. | ||
| We need to start taking care of our people. | ||
| Do you have social, real quick, do you have social media that people can follow you? | ||
|
unidentified
|
I do. | |
| I'm at amber.barkus on Instagram. | ||
| I also am a postpartum support and newborn care provider and that is on Instagram and that's relax, recover and grace. | ||
| So I'm also working on taking care of mamas after they've had babies too. | ||
| So we're all in this crazy fight together. | ||
| That's fantastic. | ||
| We're gonna get it up on all of our |
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