July 12, 2022 - Bannon's War Room
48:54
Participants
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| Speaker | Time | Text |
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unidentified
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Well the virus has now killed more than a hundred people in China and new cases have been confirmed around the world. | |
| You don't want to frighten the American public. | ||
| France and South Korea have also got evacuation plans. | ||
| But you need to prepare for and assume. | ||
| Broadly warning Americans to avoid all non-essential travel to China. | ||
| That this is going to be a real serious problem. | ||
| France, Australia, Canada, the US, Singapore, Cambodia, Vietnam, the list goes on. | ||
| Health officials are investigating more than a hundred possible cases in the US. | ||
| Germany, a man has contracted the virus. | ||
| The epidemic is a demon and we cannot let this demon hide. | ||
| Japan, where a bus driver contracted the virus. | ||
| Coronavirus has killed more than 100 people there and infected more than 4,500. | ||
| We have to prepare for the worst, always, because if you don't and the worst happens, War Room. | ||
|
unidentified
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Pandemic. | |
| Here's your host, Stephen K. Bannon. | ||
| But we can't get those things on our own. | ||
| Raul helped build this organization with the understanding that the diversity of this community, as distinct as the Bogotas of the Bronx, as beautiful as the blossoms of Miami, And as unique as the breakfast tacos here in San Antonio, is your strength. | ||
| I'm kind of speechless. | ||
| It's Tuesday, 12 July, Year of Our Lord 2022. | ||
| Normally we don't start with Jill Biden, because that's all noise, not signal, but there's something deeper here. | ||
| And that's the people that wrote it and the people conceived of it. | ||
| So the great Steve Cortez is with me for the first hour today to go through a bunch of stuff on economy and what's happening in the world, particularly geopolitically. | ||
| We're going to bore us on later. | ||
| There's a little issue about some polling. | ||
| We're going to get into all that. | ||
| We're going to try to tuck in Dr. Malone. | ||
| We got the Wall Street Journal's up with a story on COVID, on the new strand that's just coming for the fall, just time for the election. | ||
| So, Dr. Malone, and I think we're going to do that tomorrow morning because of his travel schedule. | ||
| We've got an absolutely packed show day. | ||
| Steve Cortez, you're... What's a Bogota? | ||
| Tell me about the arrogance and the cluelessness of the people. | ||
| Not her, she's just delivering it. | ||
| She's just reading off a teleprompter like illegitimate Joe Biden. | ||
| Give me your thoughts on this. | ||
|
unidentified
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Sure. | |
| Well, Steve, first of all, it's not just Tuesday. | ||
| It's Taco Tuesday, so happy Taco Tuesday. | ||
| Hopefully, they're having tacos at the White House today. | ||
| Listen, I don't know what a Bogota is other than the capital of Colombia, my ancestral homeland, but it certainly is not a store. | ||
| It's not a bodega, not a store in the Bronx. | ||
| This was very reminiscent of her prior attempt at Hispanic outreach when she said, Which, again, doesn't have any meaning. | ||
| But listen, as bad as her attempts are, they're not as cringe as Joe Biden as her husband playing Despacito on his cell phone. | ||
| As his Hispanic outreach. | ||
| So, but Steve, listen, aside from all the comedy here, and there is frankly just a lot of absurdity in comedy, it's like a real life episode of V, there's something much more serious that is going on in the United States, and that's that Hispanic Americans as a community are moving massively to the political right, in part because they have been orphaned, politically orphaned, by an incredibly radicalized Democratic Party that no longer welcomes people of any traditional beliefs, people who believe in things like border security or the sanctity of life, | ||
| or the existence of only two sexes. | ||
| So part of it is the radicalization of the Dems, but then the other part of it is the America First movement providing a muscular, attractive alternative to which Hispanics are rallying in droves. | ||
| And because of that, thankfully, I believe that our movement, and I say this often, as bad as things are in the United States right now, and they are terrible, and we're gonna talk about some of that economic data, as bad as things are, one of the key reasons that I am so optimistic long-term for this country is that I believe that patriotic populism is going to be the dominant political force in this country for decades, in large part, Steve, because Hispanics, who don't wanna be compared to breakfast tacos during a political speech. | ||
| Because Hispanics are rallying to the America First agenda of cultural conservatism combined with economic populist nationalism. | ||
| I think what this arrogance shows you and cluelessness is that they have not really taken time to understand the Hispanic community. | ||
| The Hispanic community is very traditional, very hardworking, and just like the Bush guys, you don't need to kowtow to it. | ||
| You need to provide them what citizens want, which is security, good health care, great schools. | ||
| Absolutely. | ||
| And Steve, you know, for too long, it's not just that the Democrats are toned deaf on this. | ||
| The Republican establishment had it all wrong. | ||
| The Republican establishment, the core participants in the party for decades, wanted to present sort of a Democrat-lite mix of policies to try to attract Hispanics. | ||
| For example, being soft on the border. | ||
| Well, we know the exact opposite is true. | ||
|
unidentified
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Right. | |
| We know that Mayra Flores, who now represents the first Republican-represented district from Texas since the Civil War, she ran on border security. | ||
| She is, in fact, married to a Customs and Border Patrol officer, the most Hispanic agency of the entire U.S. | ||
| federal government. | ||
| So it was always the case that if we make the case for a culturally conservative and economically populist vision to Hispanic Americans, that we're going to attract them. | ||
| And not just Hispanic Americans, but working class people of all races and all ethnicities. | ||
| You know, Steve, I knew this was percolating, this movement, of course, all the way back in 2016. | ||
| But when I used to live in Chicago, I would go every Saturday to a boxing gym, just a public park district boxing gym. | ||
| And like all good boxing gyms, it was hot and it smelled bad. | ||
| And it was largely Hispanic. | ||
| And over the years of Donald Trump's administration, 2017, 18, and especially 2019, a lot of these Hispanics, incredibly hardworking young men, mostly, many of whom were entrepreneurs, many of them in the trades, They would come up to me and almost whisper to me, Steve, as if they had something secret to tell me. | ||
| I love Trump. | ||
| I love what Trump is doing. | ||
| Or I just bought a new truck. | ||
| I just hired a new crew for my pavement business. | ||
| As I started to hear these stories over and over, I knew that on an anecdotal level, something much bigger on a macro level was going on. | ||
| And of course, it continues to. | ||
| And again, Steve, we are in early innings of this movement of Hispanics, Rallying to the America First cause. | ||
| And when we see the kind of fumbles that we see out of Dr. Jill Biden, we have to call her doctor, according to the White House. | ||
| When we see these kinds of fumbles, it only makes our case a bit easier. | ||
| And again, you know, we should enjoy the foolishness and the frivolity of the Bidens and their Hispanic outreach, but there is something much more serious going on here and something that's going to pay political dividends for the Republican Party, for the America First populist movement for decades to come. | ||
| We've got reports out of Panama overnight. | ||
| The leadership down there is cutting a deal on gas prices. | ||
| Some people didn't get gasoline. | ||
| You're starting to have riots down there. | ||
| Obviously, what's happening in Sri Lanka, Ecuador, Argentina now. | ||
| You've kind of called many of these. | ||
| When we look at this kind of what we call the beginnings of the Third World War, because you see the collapse of a complex system, I come back here and look at the business press, and I've got Associated Press. | ||
| I mean, people are like, there's a problem. | ||
| They never really talk about inflation. | ||
| They said, yeah, it's inflation. | ||
| They never really get into it. | ||
| Is the Associated Press and the other business press, Cortez, because you're a details guy, because you traded in the pits in Chicago. | ||
| You've got to know the math. | ||
| Are we being gaslit by the traditional business media, sir? | ||
| Well, 100%. | ||
| And then there was a post, and if we can put it up, please, I think it'd be good for the audience to see this. | ||
| There was a post from the AP, specifically, talking about the fall in gas prices. | ||
| Now, thankfully, in recent days, gas prices have come down a bit. | ||
| But this is literally their gaslighting on gasoline, on the price of gasoline. | ||
| Because here's what they said, that the price of gasoline has gone down a whole 19 cents, okay? | ||
| Not even two dimes, right? | ||
| But here was the word they used, which you can now see, gasoline plunged. | ||
| Steve, would anyone say that gasoline going from above $5 down two dimes to just under $5 is a plunge in gasoline to any normal person? | ||
| Is that going to have any effect on their life or their prosperity? | ||
| Of course not. | ||
| But it shows you where the corporate media is, where these globalists are, and how little they really think of the country, how little they believe that they'll be called to task. | ||
| Thankfully, you do it on your show, but a lot of media just skips over it. | ||
| Steve, it's also not often like it's gas is $1.90 and it dropped 19 cents. | ||
| It's over $5. | ||
| That's over $5. | ||
| Percentages matter. | ||
| Percentages matter. | ||
| Always think a whole lot. | ||
| Think in percentages. | ||
| Also, to get to that point about you're talking about unrest in Argentina, in Panama, I think in the case of Sri Lanka, we really saw the Green New Deal in action and completely collapsed a society. | ||
| Don't think it could not also happen here. | ||
| But I'm paying even more attention to what's going on in Latin America to tie that back into our discussion of Hispanics in the United States. | ||
| You know, again, a mistake that the establishment makes, whether it's the corporate establishment, political establishment, or big media, they make the mistake that Hispanics want a semblance of Latin American governance in the United States. And the exact opposite is true. When Hispanics come to this country, of course, they're quite rightly proud of their culture and their food and their traditions and faith and all of that. | ||
| But Hispanics, like my father, came to this country for something very, very different from the corruption and failures of Latin America. | ||
| They did not come here to replicate those failures in the United States. | ||
| Things are going the wrong way, unfortunately, throughout the Americas right now. | ||
| From Canada all the way down to the Tierra del Fuego, the political scene deteriorates as leftists are largely running these countries, including, of course, our own country. | ||
| We want to reverse that and we do not want to go where Panama is, where Argentina is. | ||
| Unfortunately, the economic trajectory that we are on right now, we've got new data out just today showing us that it's getting even worse. | ||
| The economic trajectory that we are on, it does risk the United States becoming a place like Argentina or Venezuela. | ||
| And again, the tens of millions of Latinos who have come legally to this country, who are a treasure to this nation, they did not come here, Steve, to replicate the failings of Latin America here in this promised new land. | ||
| right before we pivot to this data that is not good, as we say, not our best, as President Trump said. | ||
| No bueno. | ||
| I want to go, there's a tweet that I put up on Getter. | ||
| A guy said, what's happening with the parody of the, you see the euro to the dollar shows the mass economic suicide of the elites of Europe over what they've done over the last 30 or 40 years, particularly with this drive for sustainable, you know, this green new deal economy that people are not ready for. | ||
| ready for you see this in the other ones. Give me a give me a thought or two on that before we turn to the numbers. | ||
| Sure. | ||
| And no, listen, the euro currency is right now at parity or right about parity with the United States dollar, something that, you know, those of us who've been in financial markets for a long time did not think that we would see again. | ||
| We're seeing it because of the policy failures of Europe, because Europe, particularly Germany, but Europe on the whole, decided to effectively turn over their energy policy to a snotty Swedish teenager who lectured them and scolded them and convince them to pursue these just, you know, insanely radical policies that have resulted in Germany right now. | ||
| As we speak, Steve, electricity prices have risen sevenfold in many locations of Germany this year. | ||
| A seven-fold increase. | ||
| Electricity is going to become a luxury item very shortly, or really already has for a lot of Germans, and financial markets are reacting accordingly. | ||
| Now, mind you, the United States dollar, I don't believe, is very strong relative to resources. | ||
| Well, not just I believe, it is not strong relative to resources. | ||
| So, fiat currencies in general Are getting are getting bit down are trading off against resources, but among that game of Who's sort of the tallest midget the United States dollar is doing far better than the euro currency? | ||
| Largely because of these issues because of their complete dependency on Russia on Russian energy something that Donald Trump warned about of course He was mocked by the elites in the United States and over in Europe when he told them that he was 100% right he was prescient as he normally is and And also the risks of escalation over in Ukraine. | ||
| Those risks are much more dire. | ||
| They're dire for the world, but they're much more dire for Europe than they are for the United States. | ||
| Just another reason, Steve, that de-escalation should become the driving, animating force of relationships. | ||
| Regarding Ukraine, it would do a lot for Europe. | ||
| It would do a lot for the world to achieve a negotiated peace there. | ||
| And I think it would be possible if we stopped funding both sides of the war on a massive level, which is exactly what Biden and his European allies are doing. | ||
| It's unbelievable. | ||
| We're on both sides of this trade, financing both. | ||
| And of course, the Europeans can't get away from the natural gas or the wheat, or their societies will collapse. | ||
| Real quickly, Zelensky tells us yesterday, after losing all of eastern Russian-speaking Ukraine, now because they've gotten shelled back into the Stone Age, all kind of Ukrainians dead, he announces yesterday they're going to raise a million-man army Steve, to be underwritten by the West. | ||
| Before we go to break, what are your thoughts on the empowerment that not just NATO, but Biden, these guys, Biden says the other day, whatever gas is, it's got to be because we're going to support the liberal world order. | ||
| And that's all centered in Ukraine, sir. | ||
| Listen, Steve, Zelensky's hubris seems to know no bounds, right? | ||
| And he has been totally emboldened. | ||
| He's been totally financed, unfortunately, by the United States taxpayer. | ||
| We sent a mountain of money over there that we did not have, that we had to borrow. | ||
| And he has really imperiled not just America's security, but most importantly, perhaps, the well-being of his own people. | ||
| I mean, they are being literally sent to slaughter because of his hubris. | ||
| And by the way, Steve, I think you saw this. | ||
| Guess who's over in Ukraine now? | ||
| We found out yesterday from social media. | ||
| Fredo. | ||
| Chris Cuomo was over there, so he follows this line of celebrities and dilettantes and the glitterati of the Davos crowd, big media. | ||
| Ben Stiller went over there, Bono went over there, now Chris Cuomo, now Fredo's running around saying, we have to pay even more attention to Ukraine. | ||
| No, Fredo, what we need in Ukraine is a negotiated settlement because it doesn't involve the U.S. | ||
| interest, this is a regional struggle that should stay regional and shouldn't be affecting the rest of Europe, certainly shouldn't be affecting the United States. | ||
| Cortez, hang on for a second. | ||
| We'll come back and get us some very brutal math with Steve Cortez in a moment. | ||
|
unidentified
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The epidemic is a demon and we cannot let this demon hide. | |
| War Room. | ||
| Pandemic. | ||
| Stick 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, we've got, by the way, go to mypillow.com, promo code warroom, Mike Lindell, and he got a hearing out in Arizona. | ||
| I think we're going to have Kerry Lake Fincham, these guys on this afternoon, talk about this, the hearing to get the injunction to take the machines out. | ||
| So that's all that just got announced. | ||
| We're going to have the Arizona crowd on today. | ||
| Mike Lindell's been working on that. | ||
| Remember, he got the hook at Walmart. | ||
| You got to go to mypillow.com promo code war room. | ||
| You got the great sheet sale for 39 bucks. | ||
| Once they're gone, they're gone. | ||
| Okay. | ||
| Go check that out. | ||
| You've got the slippers. | ||
| You had the pillows from 1988, which, uh, which Walmart gave him the hook on. | ||
| Make sure if you want to support Mike Lindell and get great products at the same time. | ||
| MyPillow.com promo code War Room. | ||
| Also, since Cortez has talked about it, it's totally free. | ||
| Go to Birchgold.com slash Bannon. | ||
| Get the end of the dollar empire. | ||
| We explained why the 19th century politics was all about currency and central banking. | ||
| And we're going to turn 21st century politics into that, too. | ||
| And this is the primer, the first of, I think, five or six part series we're doing. | ||
| But go get it today. | ||
| Totally free. | ||
| It's been a massive success for Birch. | ||
| But I want everybody to get this and get up to speed on the Federal Reserve as we start to discuss this. | ||
| Steve Cortez, we have nothing but bad news here. | ||
| And by the way, all the happy talk you hear in the media are, are we in a recession? | ||
| We're not in a recession. | ||
| You saw the L.A. | ||
| Times. | ||
| I sent you that piece about the rents. | ||
| They really look at the rents. | ||
| They're in freak out mode. | ||
| They're kind of catching up with Steve Cortez when we really look at the real way people live their lives. | ||
| They're in a massive recession with almost hyperinflation. | ||
| Hyperinflation in a real recession is the reality of working class people throughout the country. | ||
| But the elites just think they're breakfast tacos. | ||
| Steve Cortez. | ||
| Right now, and again, just as they gaslight on gasoline, they're gaslighting on the economy and pretending that the reality isn't out there and that the numbers don't tell a story of not just recession, but very deep recession. | ||
| Steve, you know, you mentioned small business and paying rent. | ||
| We've talked about this previously on the show. | ||
| Alignable, which did a big survey of thousands of small businesses, they found that 35% of small businesses in the United States 35% didn't make rent. | ||
| rent in June this previous month. | ||
| I mean, think of that. | ||
| A third of small businesses could not make their June rent in the United States. | ||
| That number was even higher in some blue states like Illinois, where it was 44%. | ||
| So that was known data. | ||
| We got new data. | ||
| Hold, hold, hold, hold, hold, hold. | ||
| Before you get the new data, that also, that poll, remember, 35% didn't make rent. | ||
| That means they made payroll, but they had nothing left over. | ||
| 51% in that survey, correct me if I'm wrong, Brother Cortez said, hey, we are lights out in six months, correct? | ||
| 51%, the majority said that they believe they're going to close in the next six months. | ||
| Among restaurateurs, 72% believe that they're going to close in the next six months. | ||
| So regarding that pessimism, unfortunately, we got more bad news out today, though, that validates that story of a complete crisis of confidence in the small business community. | ||
| The National Federation of Independent Business, that is the preeminent organization representing small business in the United States. | ||
| They've been doing a survey, Steve, for 48 years. | ||
| This survey goes all the way back to 1973. | ||
| And their gauge, their survey read their data on forward expectations. | ||
| In other words, they asked them, do you think things are going to get better in coming months or worse in coming months? | ||
| It just hit its worst negative read ever, Steve, at a net minus 61%, which means roughly 20% say, I think things are going to get better. | ||
| 80% say, I believe things are going to get worse, giving you a net negative read of minus 61%. | ||
| Again, Steve, this is not my opinion. | ||
| This isn't the view of some economist who's typing on his computer at a hedge fund. | ||
| This is thousands of small businesses From a survey that has been conducted rigorously for almost a half century, and the situation has never been this bad. | ||
| And Steve, when you think of that, when you put that in historical context, all the terrible times that this country has gone through. | ||
| From the raging inflation of the 1970s, when this survey was first relatively young, to 9-11, to the credit crisis, to the CCP virus lockdowns. | ||
| All the struggles, all the challenges for small business that this country has endured and eventually overcome, never have small business owners been as pessimistic as they are right now in the United States. | ||
| This NFIB survey also validates what we know from the University of Michigan Consumer Survey, Which also hit an all-time low and that goes even further back Steve all the way to the 1950s So at the consumer level at the small business level We know that things are dire and that they are likely to get worse that the pessimism right now is is incredibly pervasive. | ||
| And again, I don't say that just to depress people, but to number one, prepare them for what is in all likelihood ahead. | ||
| And number two, to take action, to fix this, because it can be fixed through policy, through human agency, through these elections, which we're in the midst of right now. | ||
| We have a lot of primaries coming up on August 2nd, for example, and there's a lot of establishment candidates in the Republican primaries. | ||
| Running against real America-first MAGA Firebrands. | ||
| We need to elect the latter in all of those races. | ||
| In part, perhaps primarily, to fix this economic quagmire that we're in. | ||
| Steve, I keep saying when they come back from their holiday, they're trying to do Build Back Better right now on reconciliation, right, which is going to be another disaster. | ||
| If they can't get that, they're going to come back with a joint massive stimulus package. | ||
| They're going to come back and say the small businesses in the country are cratering, right, and they're going to try to go to another print money, which is only going to throw gasoline on the dumpster fire inflation. | ||
| Is that correct, sir? | ||
| Exactly. | ||
| And listen, I think you're exactly correct. | ||
| As usual, your political strategy prediction ability is astute. | ||
| They're going to try that, but it would only make the inflation worse, which is what's bedeviling small business particularly. | ||
| But I do want to point this out, too. | ||
| It's not just small business. | ||
| Big business, which I don't tend to worry that much about, quite frankly. | ||
| But big business is having an incredibly hard time, too. | ||
| Let's look at some of the stock Some of the charts from the stock market. | ||
| If we go to chart number two, this is the Nasdaq. | ||
| This is the QQQ. | ||
| So these are primarily the big boys, okay? | ||
| This is Google and Microsoft and a lot of firms that, again, we don't much care for, particularly the way they act politically. | ||
| But it's still important to point out here that it's not just Main Street restauranteurs and shopkeepers who are hurting, it's also the big guys. | ||
| NASDAQ was hit 2% yesterday, Steve, and I'm showing their chart that goes back a year. | ||
| Last Thanksgiving, roughly, the NASDAQ was over $400 per share on QQQ. | ||
| As we speak right now, I believe it's about 268—or excuse me, 288 right now. | ||
| So, that is down, Steve. | ||
| 29%. | ||
| Now, remember, being down 20% is a bear market. | ||
| That is the Wall Street definition of a bear market. | ||
| So, we are bear market plus, bear market plus another 50% as bad as that which defines a bear market. | ||
| And let's go to the next chart, chart number three. | ||
| Why is the NASDAQ doing so terribly? | ||
| Well, it's primarily because of, or at least in large part, because of semiconductors. | ||
| So, we talk a lot on the show about Taiwan semiconductor. | ||
| I want to show you the whole semiconductor group. | ||
| This is the SMH. | ||
| That is an ETF, an exchange-traded fund. | ||
| So, in one ticker, SMH, you get all of the big semiconductors put together. | ||
| Names like Intel, of course, in the United States, Advanced Micro Devices, all of them in one ticker, in one ETF. | ||
| And you can see there that the semiconductors are doing even worse than the NASDAQ overall regarding its highs of just late last year. | ||
| The SMH is now off 36%. | ||
| So, things are terrible for small business. | ||
| Things are terrible for the consumers. | ||
| And unfortunately, things are also terrible for big business. | ||
| These are the consequences of policy failure, Steve. | ||
| Of Joe Biden engaging, number one, in a deliberate attack on American domestic energy production. | ||
| Absolutely going to war with dependable, affordable American energy. | ||
| And then, number two, with a lot of complicity from establishment Republicans, engaging in absolutely exorbitant, unneeded borrowing and spending that, combined with rising energy, created an absolute inflation conflagration in this country. | ||
| One that is imperiling our economy, one that is depressing our spirits, and depressing prices. | ||
| You know, as we often say, price is truth. | ||
| When you look at those charts, Steve, there is no way, no amount of gaslighting, you know, no amount of prevaricating from that White House podium from Corinne Jean-Pierre, who says we have the best economy ever. | ||
| The prices say something very dramatically different, and people obviously know it. | ||
| The American people are very smart, and they know the challenges that they're facing right now. | ||
| I want to talk about that L.A. | ||
| Times with the real rents and what this whole theoretical discussion you're having. | ||
| Are we in a recession or not a recession? | ||
| You saw the Goldman Sachs economists the other day. | ||
| Well, technically we may be. | ||
| I don't think the number comes out until July 27th. | ||
| But walk us through again. | ||
| There's no doubt in your mind, particularly for working class and middle class people, You have the worst combination. | ||
| This is worse than stagflation. | ||
| You have a real recession underway with real contraction. | ||
| At the same time, you have, particularly with the cores of things of life, inflation in the high teens or 20s. | ||
| Correct, Steve Cortes? | ||
| Yeah. | ||
| And you know, by the way, who agreed with that? | ||
| And interesting comments. | ||
| From the CEO of Costco who gave an interview yesterday on CNBC. | ||
| Here's what he said. | ||
| I'm quoting. | ||
| He said a lot of people right now. | ||
| They're in a recession because they're just trying to survive by just buying gas and making house and rent payments. | ||
| A lot of people right now, they're in a recession. | ||
| And that's from Costco. | ||
| That's somebody who knows, who has a very good read on what the consumer is doing in America right now. | ||
| And the CEO of Costco tells us people are already in a recession. | ||
| They're struggling just to pay for the basics. | ||
| That is the reality right now in America. | ||
| So, the technical definition of a recession, correct. | ||
| We won't know until we have final quarter 2 numbers. | ||
| But I have no doubt that we're in a recession. | ||
| It's a matter of just how deep and the extent of it. | ||
| And to back my point with some data, if you look at the Atlanta Fed's GDP now model, and it doesn't always get it right, but it's got a pretty good track record and it's not opinion based, it's a statistically based model. | ||
| It says right now that we're at minus 2% for the second quarter. | ||
| We already put in a dismal minus 1.6% for the first quarter. | ||
| And as I also pointed out earlier on this show, the situation is far, far worse in the energy producing states. | ||
| Because of Joe Biden's war on American energy, places like Alaska and Wyoming are seeing, saw in the first quarter negative GDP growth of minus 8, minus 9% Steve. | ||
| Those are not recession levels, those are depression levels. | ||
| That's the reality. | ||
| It's a given that we're in a recession. | ||
| What I'm more worried about is does it tip into depression? | ||
| And that is possible given the policies of Joe Biden. | ||
| It's possible given what he's doing to continually escalate that regional conflict in Ukraine into something international. | ||
| That's the unfortunate reality. | ||
| I think we're in a recession. | ||
| It's a matter of how deep. | ||
| And it could turn into a depression if we don't make the right policy choices. | ||
| The tell shows you the small businessman. | ||
| Telling you we may be at abyss 51%, we may be at abyss 72% of restaurants. | ||
| Those are the job creators. | ||
| Those are going to start because they're leaning on this employment number, right? | ||
| That's all going to start to collapse. | ||
| That's where they're going to come back and say We have to have another American Recovery Plan 3.0, another massive thing. | ||
| They're caught in a conundrum. | ||
| They won't get down to the core issues of energy. | ||
| Solve that first, then you can start working your way through this. | ||
| They refuse to do it. | ||
| They're going to kowtow to the Saudis. | ||
| Go to my getter. | ||
| They just got a struggle session. | ||
| Blinken got a five-hour lecture by the CCP yesterday. | ||
| Five-hour lecture, okay? | ||
| And kowtowing to the Saudis. | ||
| Short commercial break. | ||
| Doug Mastriano, Boris, Steve Cortez are going to get into some mathematics about elections next. | ||
| For the Post, it's titled, If Hershel Walker wins in Georgia, America will have lost its mind. | ||
| And you're right in part this, the flashing red lights and blaring sirens are not just about the former football star's myriad of lies and stunning hypocrisy. | ||
| That kind of stuff doesn't necessarily trouble GOP voters in the least, given their continued devotion to Donald Trump, who counts Walker as a longtime friend. | ||
| It's Walker's combination of utter ignorance and total confidence which challenges even that of the President. | ||
| Mind you, Walker does challenge even Trump's record of dubious achievement on the lies and hypocrisy score. | ||
| I'm old enough to remember when one secret love child was enough to end the political career of John Edwards, who twice was a credible candidate for the Democratic presidential nomination. | ||
| Three secret offspring haven't slowed Walker down any more than would-be tacklers did when he was barreling down the field for touchdowns at the University of Georgia, to an alarming degree even for his senator, Walker seems to believe he knows everything about everything, while his words suggest he knows nothing about anything. | ||
|
unidentified
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And this is the problem for the Republican Party. | |
| They are nominating Senate candidates who potentially cannot win. | ||
| Can Mehmet Oz beat John Fetterman in Pennsylvania? | ||
| I don't think so. | ||
| Can J.D. | ||
| Vance really beat Tim Ryan? | ||
| J.D. | ||
| Vance is a novice candidate. | ||
| I don't think he's got the moves. | ||
| We'll see. | ||
| If it's a huge GOP wave in the fall, then that's one thing. | ||
| Elections are choices, and voters are going to have to make these choices, and they're not going to choose wackos to represent them. | ||
| Those independents in the middle, trying to take an honest look at the candidates, are going to say, we just can't elect this Republican because this is just not a senator. | ||
| Uh, and that's certainly the case in Georgia. | ||
| Okay, okay, okay. | ||
| I can't, I can't take any more of that. | ||
| Uh, by the way, like Fetterman is, oh, look at the alternatives, like Tim Ryan at CareerHack and Fetterman. | ||
| I want to bring in now Doug Mastriano, who's Colonel Mastriano is running for the governorship in Pennsylvania. | ||
| There's a poll that shows that you're up. | ||
| Last night we had D. Eric Greitens on here, Commander Greitens, 538. | ||
| Which ain't Breitbart and ain't Gateway Pundit had Gritens, I think, winning 94% time in the general election. | ||
| They're gaslighting you, okay? | ||
| Colonel Mastriana, tell us about your race in Pennsylvania. | ||
| They got Shapiro. | ||
| Shapiro's supposed to be the second coming. | ||
| Remember, he's running, I keep saying this, to be the first Jewish president of the United States. | ||
| He's going to be governor of Pennsylvania first. | ||
| He's MSNBC. | ||
| I think he's a contributor on MSNBC. | ||
| He's on every day. | ||
| And you're beating him now in this poll. | ||
| Colonel Mastriana, tell us about the reality of the races in places like the Commonwealth of Pennsylvania. | ||
| The reality is I'm going to beat him and smoke him like a bad cigar. | ||
| I mean, this guy, he's not very bright. | ||
|
unidentified
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He's a puppet of the Democrat Party. | |
| He was on the wrong side of history the past six years. | ||
| You know, he's our senior law enforcement official. | ||
|
unidentified
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And how is crime going underneath lockdown, Josh? | |
| We hear a record number Homicides in Philadelphia. | ||
|
unidentified
|
Crime all over the place. | |
| Fentanyl death flag. | ||
| It's just like a pestilence. | ||
| 4,500 people. | ||
|
unidentified
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Most of the young people dying. | |
| And this guy is wasting his job. | ||
|
unidentified
|
I mean, he's delusional. | |
| And I just got into the race. | ||
| As you know, Steve, I had a pretty tough primary. | ||
|
unidentified
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There's nine people on the ballot. | |
| Some of them, you know, I hit pretty hard. | ||
| But in the end, a poll came out from a new polling group out of Pittsburgh, and now they have me two points ahead. | ||
| In the previous polls right after primary, not in the general election. You had nearly like three or four points ahead. | ||
| But always been that this is that and you know how these folks work in general like the person that always favor the Democrats. So I would say we're probably a couple more points out and he ain't seen nothing yet. | ||
| Tell me what are the what are the issues that are resonating with the good folks in the Commonwealth of Pennsylvania? Colonel Mastriano. | ||
| It will. We know the issues that, of course, Josh wants to talk about, you know, women's rights and distractions, but the people of Pennsylvania and it's not a talking point. | ||
| In fact, I've traveled the state up and down to talk about gas prices, talk about employment, and, you know, they're talking about even voting integrity. | ||
| That's still an issue. | ||
| Imagine that. | ||
| Don't talk about voting integrity. | ||
| They're even talking about, you know, biologic men, zombies, female sports. | ||
| It's all the things the Democrats don't want to talk about. | ||
| And I'm going to be out there every day beating up Josh Perot and his dirty logic with the failures that him and his party have done. | ||
| That we were economically independent, as far as from an energy perspective, a year and a half ago. | ||
| Now we're begging, you know, dangerous states. | ||
| It's good for our nation. | ||
| Guess what? | ||
| and even buying off Russia is disgusting. Pennsylvania is sitting on a gold mine. | ||
| Under Master Grand we're going to open up our energy sector and it's good for us, it's good for our nation, guess what, it's even better for our allies. | ||
| We would not have to have Joe Biden go over to the House of Saud and kowtow to the Saudis. | ||
| We have Saudi Arabia. | ||
| It happens to be under the Commonwealth of Pennsylvania. | ||
| Real quickly, how can a guy run for governor that's got the crime wave in the city of brotherly love with both the Declaration of Independence and the Constitution, two world historic documents? | ||
| We're conceived, drafted, negotiated. | ||
| You've got a city that is spiraled into as a hellhole as L.A. | ||
| and New York as far as crime and chaos. | ||
| How can a guy that's a chief law enforcement officer of the Commonwealth actually show his face around the Commonwealth with the track record he's got on crime and disorder? | ||
| You know, you're right. | ||
| He should be ashamed of himself. | ||
| There we are. | ||
| That's Philadelphia, where our nation was born. | ||
| There would be no United States of America without what happened in Philadelphia in 1776. | ||
| And then our Constitution, 1787. | ||
| And that guy should be ashamed of himself. | ||
| Philadelphia has gone through eight consecutive Democrat mayors, and it's become a terrible place. | ||
| So people, when you go vote, just ask yourself a bunch of questions. | ||
| Are you safer than you were before Joshua was in office? | ||
| And are you better off economically? | ||
| And both counts are no. | ||
| He sued the parents of Pennsylvania to keep their students' kids masked up. | ||
| He sued the businesses of Pennsylvania to keep them shut down. | ||
| This guy is nothing but a loyal son to the Democrat Party and he does not care a rat or a cootie for any person. | ||
| I saw some of the Reiner's line up last week. | ||
| They're getting behind Josh Peer. | ||
| I got a whole list of Democrats who are not as bins as his list of Republicans are, who are serving Democrat leaders who despise him and are working for me to win in November 8th. | ||
| Imagine that. | ||
| Democrat leaders in Pennsylvania behind the scenes working for me. | ||
| They can't stand the guy. | ||
| They see he's a failure and they also see he's not going to do anything for the community. | ||
| And they see somebody in me that's a patriot and honestly wants to make Pennsylvania a better place to live. | ||
| Colonel Mastrown, how do people find out more about you, your social media, and your campaign, sir? | ||
| Go to DougforGov.com and everything is right there. | ||
| Thank you, Steve. | ||
| Colonel, thank you so much for taking the time. | ||
| I know you're busy. | ||
| Thank you. | ||
| Okay, I want to go to... So, Eugene Robinson in a morning Mika and her side piece, Joe Scarborough, called out Boris Epstein and Steve Cortes, because nobody I think around the country, obviously besides President Trump, has done more to talk about MAGA candidates and get MAGA wins. | ||
| I'll start with you, Boris. | ||
| They're laughing. | ||
| Eugene Robinson, the esteemed columnist at the Jeff Bezos Amazon Washington Post, is mocking you. | ||
| mocking her show locker market mocking jd vance mocking uh... uh... mocking uh... man but it does have some mocking blaze blake masters eric riser all crazy they're all going to be beaten what say you sir uh... like i thought you'd you're up with the most retired I don't, you know, it's so sad. | ||
| The whole NBC, MSNBC story is so sad, right? | ||
| Just a bunch of retreads, they bring people out, and they regurgitate absolute nonsense. | ||
| Don't forget, I mean, NBC, MSNBC is the same people who told us that there was absolutely no way, no way, that Donald J. Trump was ever going to be President of the United States. | ||
| And we all know how that worked out, all three of us. | ||
| It's the numbers, stupid. | ||
| Look at the numbers. | ||
| The American people have turned the Democrats off. | ||
| Let me go back to yesterday. | ||
| Let me go back to yesterday. | ||
| win happens. So here's what I say. It's the numbers, stupid. | ||
| Look at the numbers. The American people have turned the Democrats off. Let me go back to yesterday. Let me go back to yesterday. Joe Biden has a 1, a 1% approval rating with young people. | ||
| And by the way, CNN was laughing about that overnight, okay? | ||
| So, where we are in this country is that MAGA has ascended, MAGA has taken over, and you've seen that with Doug Mastriano winning a tough campaign. | ||
| tough campaign against Jake Corman and others in Pennsylvania. | ||
| He got 50% of the vote. He was at 32% when Trump came, got 50% of the vote with no money. | ||
| This is a true MAGA campaign. No cash. I'm going to go to Cortez. Hold on, hang on. Who's got better odds as you see it right now to be the first Jewish president of the United States? Eric Greitens, who did five... | ||
| FiveThirtyEight is saying that he's up in the general election to be the next senator for Missouri. | ||
| Or Josh Shapiro's got a take on Doug Mastriana to be governor of the Commonwealth of Pennsylvania. | ||
| Boris Epstein. | ||
| It's Jewish G.I. Joe Eric Greitens, no doubt about it. | ||
| Not Josh the Green Reaper Shapiro, who's murdering Pennsylvanians up and down the block, okay? | ||
| Listen, I grew up in central New Jersey, not far from Philly at all. | ||
| Love the city of Philadelphia, city of brotherly love, one of the best, really, cities in America in a lot of ways for a long time. | ||
| It's been destroyed by the Democrats. | ||
| You can't go over there. | ||
| Nobody feels safe. | ||
| And the beauty of it is this, and we showed this on the Right Track-Wrong Track yesterday, and Steve Cortez has done such an amazing job on the Chalk Talks, the spread, the delta between Right Track-Wrong Track has never gone as sharply up as it has under Joe Biden and the Democrats. | ||
| And that is absolutely going through into all of the races down ballot. | ||
| Cortez, don't you agree? | ||
|
unidentified
|
No, I completely concur. | |
| And listen, while Eugene Robinson and Joe Scarborough are yucking it up and what they think is the reality of New York newsrooms and the Washington Post newsroom is not the reality at all of the rest of America. | ||
| So let's talk actual on the ground polling in some of these very states that they're talking about. | ||
| We have state polling. | ||
| I mean, these are absolutely miserable, historic, all-time low numbers for any president, not just for this president, for any president of the United States. | ||
| In Georgia, 25% approval. | ||
| Pennsylvania, 31% approval. | ||
| State of Ohio, 26% approval. | ||
| I mean, these are absolutely miserable, historic, all-time low numbers for any president, not just for this president, for any president of the United States. | ||
| And that tells me that yes, Ohioans, for example, are absolutely going to elect J.D. | ||
| Vance, a populist outsider, and they will not dare to send Tim Ryan, who has voted with Joe Biden 100% of the time, according to FiveThirtyEight analysis of key issues, they are not going to send Tim Ryan to the United States Senate. | ||
| He's been a politician literally his entire life. | ||
| He has never worked in the private sector, but thankfully there is this whole crop. | ||
| Of outsiders, of people who are new to politics, who fully believe in patriotic populism. | ||
| Many of them also happen to be very young. | ||
| I think this wave, not just a couple of them are going to win, Steve. | ||
| I believe all of them are going to win. | ||
| I'm talking about people like J.D. | ||
| Vance, Katie Britt, Blake Masters, Eric Greitens, This group is going to completely change the dynamic of the United States Senate. | ||
|
unidentified
|
It's going to change the Senate, Steve, because the way the Senate works, you don't need 50 Senators. | |
| We'd love to have 50 Mayoral Senators, but you don't need that. | ||
| You need 5 to 10 who are really united, who are really aggressive, and they will change the complexion of that body. | ||
| Yeah, go ahead, Boris. | ||
| By the way, all those killers, there's another, you know, they may or may not have a, most of them have a consultant in common. | ||
| I'm not going to say who it is. | ||
|
unidentified
|
I'm not going to say- Hold it. | |
| Hold it. | ||
| I want to go back, Boris, real quickly. | ||
| When Cortez starts reading off the approval of Biden, that's essentially the approval of the Democratic Party. | ||
| Right now, the Democrats are trying to cut themselves loose from Biden. | ||
| They're inextricably linked, right? | ||
| When people answer that question, they're thinking of the party also, correct? | ||
| Of course, because listen, Joe Biden is the illegitimate, but is the occupant of the Oval Office. | ||
| He still gets some coverage in the press, and that's more than any other Democrat, so even with this J6 nonsense. | ||
| So, you know, when Biden yesterday is heckling a father whose child was murdered at Parkland, you know, in the Rose Garden, when Biden can't get through a sentence, when Biden is completely destroying himself on the international stage. | ||
| And remember, the biggest inflection point in the disaster That is, the Biden administration is coming in August, and that is Afghanistan. | ||
| Because he was still kind of beating around that 40 mark. | ||
| And when Afghanistan happened, that's when the bottom started to fall out, and now it's falling out into the teens. | ||
| And the Democrats, you see some stories about this popping up, are very worried about the annual anniversary of that disaster in Afghanistan that murdered 13 of our brave Americans. | ||
| We're doing specials all around that. | ||
| Captain Ben is going to lead that real quickly. | ||
| Siena poll next. | ||
| We're going to talk about two different interpretations of it. | ||
| I want to throw Kelly Chebaka, Herschel, Mehmet Oz. | ||
| You get all those in? | ||
| A big ol' sweep. | ||
| Throw a couple of governors. | ||
| Mastriano, Darren Bailey. | ||
|
unidentified
|
Boom! | |
| Maybe Dan Cox in Maryland. | ||
| Next in the War Room. | ||
|
unidentified
|
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| We have this number from the New York Times, Siena, as you say, 33%. | ||
| Very low number there for Biden. | ||
| Not the only recent poll that's shown low approval rating for Joe Biden. | ||
| In fact, if you average together everything that's out there right now, including this new New York Times, Siena poll, this is what it looks like. | ||
| On average right now, Biden's approval rating under 40%, about 37.5, 37.7 to be exact. | ||
| 37.7 to be exact. That disapproval rating may be significantly as well, over 50 percent. | ||
| Well over 50 percent. | ||
| So one thing we can do is we could put this in perspective when we're talking polling averages. | ||
| This is the real clear politics average here. | ||
| We can look at where Biden's immediate predecessors were in their average at this exact same point, basically second week of July of their midterm year. | ||
| So let's do that. | ||
| Here they are. | ||
| These were the polling averages, the approval rating averages of the four most recent presidents. | ||
| Now, Bush, remember, at this point, this was still less than a year after 9-11. | ||
| It's an extremely popular outlier in Bush's case. | ||
| But Obama, his number had fallen under 50. | ||
| Of course, 2010, that was a 2010 midterm year. | ||
| That was 63-seat Republican gain. | ||
| That was a wipeout for Democrats. | ||
| Trump, his number had fallen well under 50 and was getting closer to 40% 2018 midterm year. | ||
| That was the 40-seat Democratic blue wave. | ||
| Democrats picked up the House of Representatives. | ||
| And now you can see, by comparison, Biden's number, though, six points lower even than Trump's was. | ||
| At this point. | ||
| Okay, so we've done, Boris and both Steve have done a great job. | ||
| Boris last night, Cortez yesterday about the Siena on the Biden side. | ||
| Here's the thing, the New York Times piece had that as the very lead. | ||
| The big headline in the New York Times piece on the Siena poll is how Trump is basically imploded, lost half of his support. | ||
| Every week it gets worse. | ||
| Boris Epstein, your thoughts about the interpretation of the New York Times, our beloved republic's paper of record on the analysis of Donald J. Trump, sir. | ||
| Well, here's what's interesting. | ||
| On the upside, you know, they have the president at 49 percent, which is not outside of the realm of where, you know, Emerson has him, and where, you know, some of the other recent polling has the president, you know, which is in the 50s. | ||
| Again, all this is center-left polling. | ||
| I think that's depressing. | ||
| I think the president's somewhere in the 65-70 range, especially once you let Dobbs work itself through. | ||
| So, The New York Times is trying to say, well, the president's at 50, and just saying this, It's a 25 and it's close. | ||
| First of all, okay, 25 is not close. | ||
| In no world is it close, especially when you haven't had a campaign. | ||
| This is a hypothetical matchup. | ||
| The president, we hope and expect he runs. | ||
| He hasn't announced yet. | ||
| The others, okay, if and when the president announces, that's going to be a major news that will also drive approval, by the way, because you better believe a lot of people are like, well, I'm not sure. | ||
| Once the announcement comes and the positivity around the announcement comes and the coverage from our side comes, that's going to drive the number up as well. | ||
| In terms of the others, what do you think happens if Ron DeSantis or any of these other hypothetical opponents who are trying to court MAGA, what happens when they say one negative thing about President Trump and he drops an anvil on their head in return? | ||
| That matchup goes to zero, okay? | ||
| That matchup is over. | ||
| Good night and good luck. | ||
| And by the way, listen, hear me out. | ||
| I want to say this. | ||
| Hear me loud and clear. | ||
| Ron DeSantis has done a good job as governor of Florida. | ||
| There's no two ways about it. | ||
| And Ron DeSantis has got a bright future in the Republican Party. | ||
| He's not much older than me. | ||
| But there's no doubt what the American people want right now. | ||
| The second term of President Trump is going pretty great, especially in the Supreme Court. | ||
| The American people undoubtedly, you see it everywhere, want and demand a third term, as long as, as we hope and expect, President Trump runs. | ||
| It's also, it's also, it's also, we have a geopolitical, we're at the beginning, Katzmann, he's right, we've said this for, we're at the beginning of World War III. | ||
| This is like the 1930s. | ||
| You can't, I mean, you gotta go to the broad shoulders. | ||
| Cortez, your analysis also of the, yeah. | ||
| Boris makes a really good point that there is no campaign right now, okay? | ||
| So this polling is just not that relevant yet. | ||
| It's some indication, but you don't have a campaign. | ||
| Let me use an analogy. | ||
| It'd be like trying to talk about the upcoming football season. | ||
| Let's say I'm trying to talk about, you know, the Alabama Crimson Tide. | ||
| It's pretty hard for me to have a real read on just how good they're going to be because they haven't started playing. | ||
| But halfway into the season, after week six, I can give a much more intelligent assessment about, hey, here are the strengths and weaknesses of the tide. | ||
| Here is their likelihood to win or not win the national championship. | ||
| Same principle here applies to campaigns. | ||
| Once a campaign actually starts to engage, I have no doubt that Donald Trump, one of the greatest campaigners of all time, is going to dominate the primary, assuming that he announces, which we all hope that he does very soon. | ||
| And let me say this about Ron DeSantis. | ||
| He is absolutely the best governor in America. | ||
| I refer to him as Governor Beast Mode. | ||
| I believe strongly that he is going to be a president of the United States someday, and he will be an incredible one. | ||
| But that will not be in 2024, assuming that Donald Trump decides to pursue the nomination, which again, we believe that he is going to. | ||
| Instead, Ron DeSantis will overwhelmingly win re-election as governor of Florida. | ||
| He will continue to do a magnificent job of governing that state. | ||
| And I, for one, Steve, would be honored to use my media skills to help him become president Steve's saying some really smart things, no doubt about it. | ||
| Here's the deal. | ||
| I've interviewed Ron DeSantis when I was at Sinclair. | ||
| I've supported him. | ||
| We're all fans of his. | ||
| He's had a great run and a great career so far. | ||
| some really smart things, no doubt about it. | ||
| And here's the deal, I've interviewed around the Senate, when I was at Sinclair, I've supported him, and we're all fans of his, and he's had a great run and a great career so far, okay? | ||
| Full stop, full stop. | ||
| Right now, we have an opportunity to bring President Donald J. Trump, and as long as we hope and expect he runs, back into that Oval Office, and also for our people, for our base, for our movement, for the war room posse, I mean, look at the difference between the presidency of Donald Trump And what we have in this disaster now for the American people. | ||
| So we are going to lock in this 100 seats, 100 years movement to control American politics if we have that leadership of President Trump. | ||
| And listen, just 10 more seconds, 10 more seconds. | ||
| I want to call on these others. | ||
| Listen, Liz Cheney's an idiot. | ||
| She can do whatever she wants. | ||
| Kinzinger is a nonentity. | ||
| But for those who are serious people, like DeSantis and Pompeo and others, just be smart. | ||
| Okay? | ||
| Just be smart. | ||
| Don't try to play games because you play stupid games, you get stupid prizes. | ||
| Careers are long, politics is a long game, and there's an opportunity for MAGA to be in control for decades to come. | ||
| Let's be a part of that and not get in the way of that. | ||
| Cortez, give me your social media. | ||
| How do people get to your sub stack and all your chalk talks? | ||
| Yeah, please find me on Getter at Steve, and I'm still on Twitter for now at CortezSteveCortez with an S. Your stuff's unbelievable. | ||
| You got your sub stack there, everything. | ||
| Boris, morning newsletter, how do people get to everything? | ||
| No doubt about it. | ||
| BorisCP.com's hot. | ||
| Sign up right now at BorisCP.com. | ||
| Hot on Getter at BorisCP, on Twitter at BorisCP, hot on Truth Social at Boris, and the hottest on the gram, Boris underscore Epstein. | ||
| Stay strong, God bless, and I will see you tomorrow. | ||
| Think strategically. | ||
| Granville sweeping. | ||
| Put our shoulders to the wheel. | ||
| Sweeping. | ||
| Crushing. | ||
| Victory. | ||
|
unidentified
|
22. | |
| 24. | ||
| Look at the map in the Senate. | ||
| With Trump at the ticket. | ||
| Boom! | ||
| Control forever! | ||
| Short commercial break. | ||
| Naomi in 90 seconds. |
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