All Episodes
Jan. 27, 2023 - Bannon's War Room
48:48
Episode 2475: Where We Stand With The Real Economy
Participants
Main voices
d
dave brat
05:52
m
mike lindell
09:36
s
steve bannon
21:02
s
steve cortes
06:15
Appearances
c
caroline wren
03:21
Clips
j
jake tapper
00:10
| Copy link to current segment

Speaker Time Text
steve bannon
This is the primal stream of a dying regime.
unidentified
Pray for our enemies, because we're going medieval on these people.
steve bannon
I got a free shot at all these networks lying about the people.
The people have had a belly full of it.
I know you don't like hearing that.
I know you've tried to do everything in the world to stop that, but you're not going to stop it.
It's going to happen.
jake tapper
And where do people like that go to share the big lie?
Mega Media. I wish in my soul, I wish that any of these people had a conscience.
unidentified
Ask yourself, what is my task and what is my purpose?
steve bannon
If that answer is to save my country, this country will be saved.
unidentified
War Room, here's your host, Stephen K. Back.
steve bannon
It is the 50th anniversary of the Paris Peace Accord that brought the Vietnam War, at least that part of it, American combat troops, to an end.
But we did not learn our lesson.
You then had Iraq and Afghanistan, what, 20 years combined for both?
We're still in Iraq, by the way.
I think we have 5,000, 6,000 troops over there.
$9 trillion, according to Brown University.
More combat dead, more PTSD, more broken homes, more broken lives, right?
unidentified
For what? For what?
steve bannon
What is that part of the Eurasian landmass like today?
And now we're about to do it again.
Cortez, I want to go first with you about intel.
But Joe Biden, as Brett informs you, Joe Biden's out this morning.
And he's bragging, hey, I got the economy, we're on fire, we're rolling, and the only problem we have is this chaos.
It's nothing but chaos on the Republicans, and the chaos is driven by extremists, MAGA extremists, which would be this audience, sir.
What is your assessment of that, and how does that manifest itself in the American economy, Steve Cortez?
steve cortes
Sure. Well, let's look at two data points to, of course, completely disprove Joe Biden, who lies every time he speaks, basically.
Let's look at a company-specific one and then the macroeconomic data in the United States regarding personal incomes.
If we look company-specific first, the real story of the day today in capital markets is Intel.
The semiconductor giant with just an absolute mess of an earnings report.
Right now, as we speak, it is down 7.5%.
That is a stunning move for a company the size of Intel, and normally far more predictable than this, down 7.5%.
In just a day so far.
And Steve, some of that is company specific, you know, some real mess ups by management at Intel, but not all of it.
And the reason I say that as proof of that is one of its competitors, KLA, also a chip massive firm, KLA is down 5 % right now on the day.
Both of these firms, what they blame it on is inventory.
They are saying that their customers have so much inventory that they simply don't need to buy new chips anytime soon, or at least at the rate that Wall Street was hoping for.
Now, to get to the macroeconomic point, they're bringing us to the personal level for the audience out there.
Why is inventory building?
Well, it's because personal incomes, unfortunately, are absolutely plunging, and we have some new data to talk about there.
If we can show chart number one, slide one, This is data analysis from the Heritage Foundation that was published on Fox Business' website.
And it talks about, and this came out of yesterday's GDP report, disposable income for the year in 2022 fell $1 trillion.
Americans lost $1 trillion in real disposable income.
Now, to put that in historical terms, as a percentage, it is the biggest drop in history with just one exception, 1932.
1932, Steve, was the worst year of the terrible years of the Great Depression.
So we have set another horrendous mark for economic futility.
I talk a lot about how we are now at, unfortunately, 21 straight months of declining real wages.
So I knew the situation was terrible.
I didn't quite know, though, that it was the worst since 1932 until we got this new data.
So connecting the dots, it's not surprising that the chip business is having a hard time because the end consumer Lost a trillion dollars in income last year, the worst year since the Great Depression.
steve bannon
Let me ask you, Intel is a good proxy, sir, for the overall health of the American economy?
steve cortes
Yes, I think particularly in light of all the recent economic data we've gotten out, particularly current data, not backward-looking data, current data as it relates to things like PMI, purchasing managers, indices, all of which have declined significantly into contraction, meaning recessionary territory.
And I would also point out, compared to the rest of the world, Because, of course, Biden and the liberal media, which carries his water, they try to say, oh, these are just global forces.
No. Not only is the United States in recession, according to every serious PMI indicator, but we are also doing the worst in the advanced world.
We are literally the worst in show when it comes to those data metrics.
So when you combine that macro data with this company-specific point on Intel, KLA, chipmaker stuff, Stock performance today, when you also combine that and view that in light of the absolute destruction of personal income, of real prosperity in this country, the economic situation is incredibly dire, and it is worsening.
And that's why there has to be a sense of urgency for the Republicans in the House who, again, do have leverage via the debt ceiling to force, to instill some discipline on the process, because the exorbitant of borrowing and spending is what stoked this inflation, along with other mistakes like attacking American energy and escalating the war in Ukraine.
But primarily, it's the exorbitant borrowing and spending of the U.S. federal government.
steve bannon
Okay, I want to connect some dots here for a second.
What Steve Cortez says to bridge into Dave Brat, but it goes back to what Dave Brat's been saying for a long time.
And this brings us back to the centrality of the fight over the debt limit and about the spending.
And while we keep saying, show us the model.
You've got to show us what's going on.
And I want to go back to the Financial Times of London, which is, remember, this is the tip sheet for the Party of Davos.
Okay, the most powerful newspaper in the world, the Financial Times of London.
Along with The Economist magazine.
So here, debt ceiling row just adds to Fed's problems.
It is absolutely essential here.
That we connect, and now we've done it, and the Financial Times has got the narrative.
You must connect the Federal Reserve to the whole issue of the debt ceiling, and you must...I don't know if Denver got that.
You must...I just pulled the camera in right there.
You must connect the Federal Reserve, the funding mechanism, to the fiscal domination of our political class and continue to bury the American people.
And here's the reason. And this is why you have to see the model, because they talk about a sustainable economy on climate change.
This is not sustainable financially.
The reason they don't want to show you a model is that they have no way out of here.
The only way they're going to have out of here, besides scaring you on Social Security and Medicare, which are not going to be touching anything people are talking about, is that they can't show you a model, because all they're going to show you Is deficits, trillion to three and a half dollar deficits as far as the eye can see every year,
every year, financed not by the Japanese, not by the Chinese, the CCP, not by the insurance companies who only buy a certain number of bonds, but just basically continuing to print money at the Federal Reserve.
It's not sustainable.
That's why we have them. They're cornered now.
And what Dave Brad has been saying, the only reason you've got any juice in the economy at all Is the continual Keynesian straight shot of adrenaline that they keep giving you, whether it's the American Recovery Act, whether it's the Infrastructure Act, whether it's the mini Build Back Better, which is the omnibus.
Look at it. This is how you got the incremental $10 trillion.
$10 trillion. And they're throwing around $100 billion Ukraine.
Who cares, right?
Because they don't have to make adult choices.
That's why you're the adult in the room.
That's how Ukraine, the southern border, right?
All connects with the debt ceiling fight, the spending, and eventually the Federal Reserve.
It's all of a piece, and we're going to disaggregate this.
But what Brad has been saying about the productivity and the economists are focused on productivity, the underlying basics of the American economy.
Is kind of a carcass, right?
It's not particularly productive.
We're not really having the animal spirits of driving these types of things, of driving production and driving a real economy.
This is all financial engineering.
And how do we show it? Let's connect another dot.
Chevron yesterday, $75 billion that Steve Cortez brought up and then Dave Walsh.
Instead of putting that money into Exploration and development and production and marketing and pipelines and all the types of capital equipment are things you would put money in.
$75 billion to just do, you know, it's a complete financial engineering.
Buy the stock back. Drive the stock price up.
Let management, you know, warrants kick in.
All their options kick in.
They make money. You decrease your capital base, but you're not building the productive side of your business.
Dave Brat, is that essentially the summary of the dilemma we find ourselves in?
That they have this opportunity.
The only reason they have this opportunity because the rest of the nations on earth can't do this.
Why can the United States? We have one massive export.
We have something the whole entire world needs and that's a Federal Reserve note.
All the transactions in the world still are essentially converted into dollars, international transactions.
So we are the prime reserve currency.
We're the reserve currency I think the BRICS are starting to meet today.
The Global South has wised up to one central part.
They control the vast amount of resources, right?
And what the West, particularly the United States, controls is a greenback, is a fiat currency, not essentially backed by anything except the full faith and credit of the United States.
And that full faith and credit ain't Tom Cotton, and it's not Senator Wicker, and it's not Powell, and it's not Biden.
It's not any of these clowns you've seen up here that are hiding all this stuff from the American people.
The full faith and credit Of the United States is those kids that died in the rice paddies in Vietnam, right?
It's the kids that are on the border of Romania right now, the brave 101st Airborne, the Screaming Eagles, that did so much in World War II to liberate Europe for the second time.
After you'd already been over there with Blackjack Pershing and General MacArthur and everybody in World War I had to go back in World War II, right?
Now in the Cold War, now we're there again.
That's the full faith and credit of the United States of America.
Every person that coaches a little league, every person that coaches a soccer team, everybody that goes to work every day, the full faith and credit of this nation is you.
It's none of these swells on Wall Street.
Ain't Larry Fink. It's none of that.
It's you. And you're being conned.
You're being absolute conned because they think you're morons and they're going to treat you like morons until you have a great awakening.
Part of that's spiritual.
The other part is just, hey, we're going to savvy up on how the actual system works.
Okay? Because you're the one getting crushed.
Dave Brat, please take the stage, sir.
dave brat
Yeah, well, very well said.
And part of the reason the American people have been conned is because the American people are kind.
But I just opened up the good book for a little review, went through Matthew.
Everybody get out the red letter edition and go through, you know, Jesus, the text.
It's important for what I'm about to say, because the understanding of that book and his wisdom, he was shrewd.
He knew the hearts of men, whether they were everyday sinner, whether they were wicked or whether they were evil.
And he responded in kind.
And so if you'll notice, the language we're talking about here only has to do with elitist macro institutions.
That's part of the evidence that we have a disaster on our hands.
I got 28,000 business students here at Liberty.
A lot of them want to go out and run the family business and do small firms and stay around here in Lynchburg, etc.
They can't do that because we've allowed our economy to be distorted beyond comprehension.
I'll give you a few slides. Most of you know this story.
These slides come from Lance Roberts at Epoch Times just a couple weeks ago.
He laid out a very nice story like the Epoch Times does in detail.
And so, Denver, if you've got those slides, they start off with the outsized returns.
The S&P 500 have yielded over the past decade or so.
Not the norm. Much higher returns on average than in the years prior you see on that slide.
Next one, why'd that happen?
The black line you'll see on the next slide is Federal Reserve engagement growth printing money, and then the blue line is the S&P 500.
You can see they're almost mirrors, like Steve just got done saying.
The Federal Reserve has enabled this run-up in assets.
Well, what's wrong with that?
Next slide. Just shows the accumulation on the Fed's balance sheet perfectly correlated with the S&P 500.
The scary part of this is it's only gone up.
That's about ready to come down.
A bunch of those dots are going to go down, that line's going to go down, and we're going to have some hard times in front of us.
So what's that going to look like?
Next slide. Here's the real economy.
The blue is GDP. It's the stuff you make every day, right?
Cars, refrigerators, food, etc.
The red is the financial sector, which is just dwarfing the growth rate.
It's the S&P 500, right?
So the blue is the stuff you make.
Small businesses, manufacturing, industry.
The red is the financial industry.
Everyone wants to go in the financial industry chasing money all over the place instead of making anything.
Well, now the outsized gains you've seen in the red are magnitudes above what the real economy is producing.
Next slide. What's wrong with that?
steve bannon
Dave, hang on one second.
We're going to save the punchline for after the break.
Dave Brat, we're going to hold Cortez for just a minute or two.
Stick around. This is Economics 401, not 101.
Macro and micro combo.
Don't get that too often.
Only in the war room.
unidentified
We will break till they're all gone.
We rejoice when there's no war.
steve bannon
Let's take down the CCP. Okay, we've got the punchline coming up with Dave Brattle.
Hold for a second. Cortez, I know you've got to bounce.
I didn't get a chance to get you in on the Wicker first strike thing.
Any thoughts on that, sir? Because I know you have a lot to say about this expanding war in Ukraine.
steve cortes
Listen, there's being wrong on policy, and then there's being dangerous and actually evil.
And talk about a nuclear first strike is the latter, okay?
It's absolutely reckless, it's dangerous, it's immoral, it's evil.
about first strike nuclear attack, okay?
Think back, by the way, I think this is the most dangerous geopolitical moment for the United States since the Cuban Missile Crisis.
But think back to the Cuban Missile Crisis, when we actually had Soviet weapons that were practically touching the United States, right?
90 miles away from the American mainland.
Even then, Steve, even then, first strike nukes was not an option.
I mean, that kind of attack was considered unconscionable, right?
We certainly considered conventional attacks against those missiles, but not nuclear attacks against the Soviet Union, even with that kind of Incredible danger to the American homeland.
So, Wicker is so insanely out of bounds here.
But unfortunately, he's the worst example, but he's still representative of the Washington war machine.
And, you know, just to sign off on this, Steve, all this economic stuff is massively important.
Obviously, we have to get this straight.
We have to restore prosperity in this country.
But none of that matters if we allow the Washington war machine to spin us into World War III. So we've got to stand on all fronts.
steve bannon
Hang on. Slow down for a second.
For you to say this, you're saying it's – you believe it's the most dangerous moment geopolitically in the country, and that includes 9-11, everything that's gone on since then, since the – quite frankly, one if not the most frightening moment of the Cold War?
steve cortes
Yes. Because, Steve, what we are risking right now is a confrontation with the second most powerful nuclear foe on the entire planet.
I mean, that's what we are literally slouching toward.
And that's the thing. And I say slouching toward it because, to your point, the case has not been made why this is in our interest.
You know, why this level of brinkmanship is justified or called for, okay?
And the Washington war machine needs to have the decency to at least approach the American people and try to make a dispassionate argument why the eastern border of Ukraine is this consequential to the security and prosperity of regular Americans.
And then make that case and then put it to a vote, okay?
And put it to a vote and make people go on the record.
We are already at proxy war with Russia, and we are on the brink, we are on the precipice of getting into actual hot war, large-scale hot war.
I'm sure we're already at small-scale hot war, but large-scale hot war with Russia.
So yes, given that, and given that it is a nuclear foe, which in many ways probably feels it has few options other than nukes, and given that we have American senators talking about first-strike nuke, that to me, Steve, is the most dangerous moment for this country geopolitically, national security-wise, since the Cuban Missile Crisis.
steve bannon
Steve, how do people get to your writings, all your analysis, and your chalk talks?
steve cortes
Yes, please follow me on the Twitter.
I'm at CortezSteve.
Cortez with an S. Appreciate it.
steve bannon
Steve, thank you very much. Dave Brat, give me the rest of your charts and your summary analysis of where we are, sir.
dave brat
Yeah, the first slides are available out on Brat Economics at Getter.
They're just the setup to the story.
We've been going over forever on the Fed mismanagement of the money supply and their balance sheet.
The result is the pie chart.
Denver's got it right there.
That pie chart shows you the outcomes, what the Fed has caused for the populace and the average person out there trying to eke out a living.
50 % of the American people get 3 % of the assets, own 3 % of the assets in this country, meaning the bottom half of the population don't own anything.
This is the problem, right?
For all your hard work, sweat equity, small business, long hours, you get nothing.
The elites on Wall Street, the folks in Washington, D.C., and the global elitist headquarters around the world, They're reaping all the benefits of your hard work, of your $21 trillion in GDP. And this cannot go on.
This is not sustainable. That's what you've been saying.
And it is coming apart right now.
The Fed is having to increase interest rates to slow down the economy in order to get rid of inflation, but also to end this cycle of disasters, which they know they have to end.
And the last slide is the best summary slide of all.
Make sure you share these with young folks.
But the pig in the python there, right, this thing just shows that the stock market returns of 180 % over the last years have dwarfed the growth by six times.
Those returns from the stock market are six times that of growth in GDP of the economy.
That's the mismatch.
That's the markets are disconnected from the economy.
And we have to get back to basics and get back to our fundamentals of working with industry, manufacturing, making stuff, educating our kids and getting them into that pipeline and not just going out and chasing financial markets every day.
And Cortez just had it right.
If we don't get that war story right in the first place, this stuff's going to be a footnote.
steve bannon
Yeah, but this is totally tied to this entire war effort.
Brat, you're putting great stuff up on Getter.
How do people get to you there, and how do they get to you if they want to access you down at Liberty?
You're the dean of the business school there down at Liberty.
dave brat
Yeah, Brat Economics, B-R-A-T, Brat Economics on Getter.
I've been posting a lot this week.
All the fundamentals I try never to repeat.
So go back and you'll see the productivity stuff, productivity down 40 years in a row.
And then third floor, Business School, Liberty University, bring your young scholars up here.
A lot of war room folks come up.
In fact, a world-class scholar from Switzerland today contacted me.
He ordered a biblical interpretation of the book of Leviticus from Germany, in German, of course, and they included a war tax on it.
And he thought the folks on your show should know about that.
So that's the type of stuff in the reach you have, Steve, across the oceans.
steve bannon
A war tax. Well, tell the scholar that we appreciate his watching.
We'll make sure everybody knows they're putting war taxes now on things in Germany.
Dave Brett, thank you very much.
Honored to have you on here. I want to go draft Caroline.
Caroline, you kind of shook up the world last night.
Before I get into the houses going...
Twitter exploded. Getter exploded last night because you and Carrie Lake were going around, and it comes to the conclusion the state party people were coming up that they don't have any way to raise money, right?
They're all broke, and nobody's ever talked about that.
You had that wonderful idea, well, Carrie Lake and others were all getting back and making sure he raised money.
Was that a huge revelation to folks?
And how come that hadn't been done to make the state party stronger?
caroline wren
I get a call from a Washington Post reporter who was like, clearly the other side had used it as an oppo-dump and said, Caroline Rand is going around and meeting with members and promising them that if they vote for Harmeet Dillon, they'll get Carrie Lake and other big-name surrogates to come and do fundraisers for their state party.
And I kind of laughed and I said, yeah, I don't know if this is a bizarre oppo-dump because, yeah, that's in Harmeet's platform.
One of the biggest issues we hear from these state party chairs is They're nervous to come out and vote against Rana because they get these big party transfers every couple of years.
You don't know how much it's going to be.
It's very hard to budget off of that.
And so Harmeet said, well, why don't we just help these folks raise money into their own parties?
We've got this army of wonderful surrogates who are willing to go around.
And Carrie, the funny part is Carrie will go help raise money for any of these state parties because she's a wonderful, good person.
It's not contingent upon a vote, but what turned into what was supposed to be, I guess, some sort of oppo dump was also something that's just a wonderful idea as a surrogate fundraising program to go around And even Mike Lindell agreed to do it, too.
He's like, I'll go around and help raise money for all these state parties.
Why do we have to be on welfare of the D.C. Republican National Committee?
Let's help these folks prop up themselves and get the money into their clubs and their local chapters and their state chapters so that they can hire the necessary staff and get the grassroots events going and door knocking and not have to be relying on those transfers.
steve bannon
By the way, this gets back to McCain-Feingold.
McCain was upset because of South Carolina, you know, the Bush apparatus down there and that party beating.
So McCain-Feingold really destroyed the state parties because it really cut off their ability to get soft dollars, right?
And so the whole state parties have always been weakened since that.
That's one of the reasons it's so dependent on the RNC. We had Matt Brainerd on with Joe Kent.
I want to make sure, because the business model of the RNC is very different than the DNC. The business model of the RNC, they're kind of vendor-captured, right?
I mean, a lot of what Rana put out when she put out her 150 people that supported her, weren't half of them vendors?
I mean, isn't the RNC essentially a vendor-captured, consultant-captured entity, and that's the central beating heart of the problem, ma'am?
caroline wren
It's by far the biggest problem, and this is the big platform that Harmeet talks about, is that if you even go and look at the FEC reports, these vendors have all remained the same, whether or not they're mail vendors, TV vendors, phone vendors, text message vendors.
And the big thing is we lost in 2018, 2020, 2022.
They're not changing vendors.
They're not changing staff.
And in the closing arguments, actually, Rana's big closing argument last night was that, look, we cannot do it.
You know, we're on a good course.
We can't, if it's too disruptive to have a new chair come in, And change, she won't, Harmeet won't have the time to really build up an infrastructure ready for 2024.
And I kind of pushed back and said, wait a minute.
All the other committees, the NRSCs, the NRCC, the NRSC, they change chairs every two years.
And when you change chairs, you get a new executive director and comms director and finance director.
I mean, that's like a three-week process.
This is not going to shut down the whole country.
But, you know, we put too much weight anyway on these party committees.
The Democrats are fighting us through 501c3s.
That's the most important thing that we remember here.
And the DNC isn't a relative entity to the Democratic Party.
But the RNC, we are so centralized and focused around it because of this, all of the money flows through it.
$1.5 billion. And we need to be able to get more money into the grassroots, whether or not it's into local state parties, figure out an apparatus of C3s.
And so that is a big message that we've been talking to folks about.
And we're hearing it really from these 168 members in their states and say, this is a big problem.
steve bannon
What does the vote look like right now?
We got about a minute. Give us your assessment before we figure out how to follow you during the day.
caroline wren
I truly don't know anymore.
I mean, we came in here in a massive uphill battle.
I am extremely, extremely proud of the race that Harmeet has run.
I think it has made a great dent.
I think the RNC and the 168, we've heard so many of them say they never really heard from any folks.
One of them said they actually ended up going to dinner with someone who emailed them and they forged a great relationship.
Another one said they got over 800 emails and are adding it all to their club.
But it's a secret ballot.
I have no idea what's going to end up happening, but it's been a very exciting week, and so just stay tuned.
steve bannon
The DeSantis move was absolutely brilliant.
Real quickly, how do they follow you, Caroline?
caroline wren
Where do they go? DeSantis wins either way in this.
He recognizes there's a grassroots movement happening, and so no matter what happens, by doing that, that was a strong move.
So you can follow me at Caroline Wren, and then we'll see what happens.
unidentified
Here's your host, Stephen K. Bass.
steve bannon
CPAC is going to be March 1st through the 4th.
We've got a special deal with CPAC. Let's put it up.
You get $47 off the general admission price.
I want all the war room posse.
Everybody had a great time in Dallas.
If you go in the chat rooms and talk, it was incredible.
Turning Point was incredible.
We're going to be doing the show live there.
Real America's Voice is going to have a huge presence.
All the big hosts, all the big shows are going to be live.
Also, I'm bringing in Mike Lindell right now.
We're going to do our Lindell TV show, the 6 o'clock show, also live there.
We want all the Warren Posse.
We literally want everybody. We're going to do breakout rooms just like we did.
We got to meet everybody at Turning Point.
And at CPAC in Dallas, we're going to do the exact same thing.
So we want a huge turnout.
It's a great way to kick off the year.
So that's March 1st through the 4th at National Harbor back into Washington, D.C. And they're going to announce, you know, President Trump's going to be there.
They're going to announce all types of great things are going to happen and get more into it.
But go right now to the CPAC site.
War Room's got its own special section.
Do slash War Room. Go right there.
Get your $47 off.
Mike Lindell. So we had Mark Mitchell on here yesterday.
The poll, and it's kind of a blowout number.
You were at 30%. I think Harmeet was at 20%, and Rana was, I don't know, 15 % or something like that.
But you had a pretty huge spread.
But that was a poll of a thousand registered Republicans throughout the country.
How do you believe that translates?
Because I'm hearing right now the place is kind of in turmoil because of DeSantis and you and others.
You don't know how this is going to turn out.
What's your assessment? Yes, sir.
mike lindell
The reality is the people in this country want an outsider.
They don't want Harmeet or Rana.
I almost doubled both of them.
And this is, you know, this is what I'm seeing here is as I'm talking to the 168, the ones that are really, you know, how are we going to change this?
And I did my speech.
I said, we have to silo out each thing.
And now both of them are saying, well, we need to look into the vendors and the email blasts and the text marketing.
That's what I said, Steve.
This is what should have been done a long time ago.
And then I talked to them all about our election platforms, which, as you know, I'm two years ahead of both of them in that respect.
I do know one thing.
I do know one thing is that we need to, no matter what happens today, we need to hold either one of them accountable for our election platforms.
The people want me in there for number one reason, straighten out our elections and straighten out the RNC so people will have trust bringing back to the RNC. This is what I'm seeing.
So, the people want a businessman in there.
They've spoken. Almost double, both of them combined.
And you know what? It is a secret ballot, Steve.
Now, will this club, will they go outside of their club and vote for that outsider?
We'll see. But all I know is that the people want an outsider, a businessman, someone that knows how to run a big business.
And is that someone that has had failures?
Or is that a lawyer?
Or is that a businessman that's already done all this stuff?
So that's where I'm at, Steve.
steve bannon
Do the 168, because it's fairly hermetically sealed, Did they understand that it doesn't stop today, that this is really a kickoff?
Like, for instance, if you win, then major reforms coming, massive restructuring, new vendors, a focus on getting rid of the machines, a focus on going to paper ballots nationwide, a focus on election integrity, that we can't let the Democrats just steal elections anymore.
But if somehow you don't pull it off, it's not like you're going away.
Right? This process now, because I can tell our audience is so on top of this, like, oh, I finally understand how RNC works.
I finally understand the vendors. I finally, you know, Harmeet and Lindell have explained this to me.
So, Walker, did the 168 get that?
mike lindell
Right. Now I've got an inside look, and I've heard from them all.
This has been a very, I've got to be inside.
By getting the nominee and being here, That's a win, everybody, in itself, because I've got to talk, get the inner workings of the RNC, knowing who might be in it for some other agenda, knowing that, hey, we're overpaying here, we're underpaying here. I mean, we're overpaying these vendors.
Some stuff should be done within the RNC, but I will make a promise to everyone, no matter who it is, because they have both said And whether that's true or not, they have both said, I look forward to working with Mike Lindell.
Yes, he could come in and, you know, let's look at these election things and let's look at these silos of, you know, your email blasts, all these things in a business, the marketing, see, the branding, the messaging.
When I did my speech in there, I had...
I don't know how many of over 100 of them come up of the 168 after I did my speech and said, wow, you know, you bring up such a good point.
I went to I went out to California for a week.
I was with all these liberals and Democrats, these 25 to 35 year olds.
I said this in my speech.
I talked to them in the street.
We took pictures. I said, do you guys like seven dollar and 30 cent gas?
And all this stuff. And they go, no.
And they go, no. And I said, well, how did you vote?
They said Democrat. But Steve, they didn't know what the Republican Party even stands for because they've been brainwashed.
I say we have to have a new slogan of the Republican Party, the party of common sense.
That's it. The party of common sense.
So both of them too, if I don't win either one of them, I'm going to hold them accountable for the people because the people have spoken.
They don't want either one of them.
They want myself in.
They want to be a businessman who has done everything.
I've been there, seen it, done it.
steve bannon
Is your tactics, if she doesn't win on the first round, then you get into a floor fight, then you have a real opportunity.
You obviously can't win on the first ballot, but if you hold her below, I think, the 84 she needs, is that open a path to an alternative and you could be that alternative?
Is that your strategy going into this?
mike lindell
Well, first of all, Steve, it's holding either one to below 85.
They both got to be below 85.
And then, yes, that is my pathway because I can, in between, there's not one argument that could come up where I'm not the better one for the job.
Period. Period.
Now that I've been here, I mean, this is, and now with that poll coming out yesterday that, you know, I'm in this to win it.
I'm not going to sit back and go, okay, this one's going to be better than that one.
So I'm going to, you know, make a deal and get out after the ballot.
No, I'm here to win it. And I'm going to, I don't care if it's a fine.
50 rounds. Let's make McCarthy the speaker.
Let's beat that record here.
As long as we get to where we're supposed to get to, that's what it'll take.
Like I say, I'm hearing things here, different things, where I'm not happy.
If I'm not in there to win it, they better give me access, because the people have spoke, Steve.
It's what the people, the media's here, and they're going, well, Mike, you're the number one.
The people want you.
What do you say about that?
Are you going to win? I said, I can't.
Some of them didn't even know you were running out there until this Rasmussen poll.
And I'm going, well, the media doesn't want me to win, and the establishment doesn't want me to win.
But here I am. I'm talking to the people that actually vote, Steve.
So if they vote against the people, we've got to hold them accountable.
steve bannon
What is the thing that you found that has most been enlightening or upsetting you?
Is it about the vendor control of the RNC or that it's more focused sometimes on making money, doesn't share data?
I mean, you're a pretty tough business guy.
What is it that you found that's kind of shocked you or you feel that you didn't know and enlightened you and has increased your fervor to get this thing sorted?
mike lindell
I'm having trouble getting in.
I hope you go. There we go. I would say the most disturbing thing is a lot of them.
There's so many that don't know that they're like They really don't know the problems and what the people out there are upset about.
And they don't understand from within.
As I talk to each one on an individual basis, it's just shocking to me that they don't know.
Or that they're afraid, some that do know, they're afraid to speak out about these problems.
You know, I brought up Data Trust and WinRed.
It's just got to be looked into.
Some of these prices are too high.
Some of these vendors, they charge for text messaging and email blasts and stuff like this.
These things need to be looked into by somebody that knows what you should be charged or if it's better to bring them in-house.
The other thing that's kind of disturbing is that a lot of them...
They think that there's a reason that there's no you know we just got to do the same old same old and and we're gonna win no you have to you have to do what we've been doing for two years and and on the ground the people out there they're going let's get our election systems corrected great thing on Alabama I've been telling these guys do you know Arkansas we had Cleborn County went to paper ballots hand count do you know Alabama just dropped Eric couple of them said well what's Eric I'm going you Really?
You know, it's like I'm educating them, Steve, and I think if I have access, no matter what the outcome here is, we've got to hold all the 168 accountable that they need to really know what's going on out there and really hearing the people of this country.
Because they represent the people, they were elected by the people, and the people want change.
But they want the right change, Steve.
It can't be part of the same old, same old.
Maybe it's a process. We'll see.
But they need to understand.
When I got up there on that stage and talked for a half hour, I'm going, wow, I never knew that.
I never knew that. Yes, we're winning in this country.
This isn't a thing that, you know, it's like they're all watching Fox News and they're not getting the truth.
They're not getting the news.
You know, I don't get it.
Which brings up another thing that was very disturbing when I was here, that AT&T And DirecTV canceled Newsmax, everybody.
That's disgusting. More cancel culture.
I talked to these 168.
I said, you see what's going out there?
They're trying to cancel our voice.
We need to get the messaging out from the RNC. We need to use social media and everything else to brand, Steve.
We need to brand this, the party of common sense.
steve bannon
Last thing, you've been endorsed by the precinct strategy movement.
Are they open to the fact that they really understand what the precinct strategy is?
They understand why people are so upset that they're volunteering to do this?
And do you believe that they're open to embrace that movement with open arms, sir?
mike lindell
That's been one of the most talked about things, Steve, with me anyway.
They have all complimented the people that have emailed them and called them because it was when the precinct strategy, when they endorsed me, That's when they just started getting all these emails and they said they're the most cordial positive emails they've ever gotten and they were flooded with them but they were great emails like you know here's what Mike Lindell can do rather than bashing what the others didn't do the other two and what they've done and why this one's wrong why it should be mine it's just they're saying all the positives that was across the board Steve so I want to do a shout out for all you precinct committee men out there for precinctstrategy.com to um And to Dan and Steve,
these guys, these emails have been just so important and it opened the eyes.
These guys are, that really helped them all wanting to come to my suite and listen.
We have the suite. They've been coming just for the last three days, just a train of them coming in and we get to have one-on-one and tell where we're at in this country and what we need to do.
And it's been great, Steve.
steve bannon
Mike, how do people follow you throughout the day here?
What's the best way to do that?
Because it's about to kick off.
It's going to be quite intense.
mike lindell
Frank's speech, you guys go there. We're going to be cutting in and out at Frank's speech.
Get the app if you don't have it.
You can follow me. I'm posting on Getter.
I'm posting on Truth Social.
And I'm just so glad to have the country behind me being almost double the other two.
And we'll see what the 168, if they really listen to what the people want, Steve.
But I'll tell you, they've learned a lot.
And now I have access. Now, remember, I have all their numbers now and stuff.
I became friends, you know, just instant friends with a lot of them where, you know, we've connected.
The important thing is I've had some of them come back 2000.
Three, four times because they go, wow, you're just a wealth of knowledge.
So that's going to be important.
steve bannon
Just make sure they're not there just to get a promo code.
Mike Lindell, you're fighting.
unidentified
By the way, we're going to play later your Huffington Post takedown.
steve bannon
It was brilliant. Mike Lindell, don't ever change, brother.
You're an American original.
Mike Lindell at Dana Point.
Short commercial break.
unidentified
Back in a moment....arrived.
The new social media taking on big tech, protecting free speech, And canceling cancel culture.
Join the marketplace of ideas.
The platform for independent thought has arrived.
Superior technology.
No more selling your personal data.
No more censorship.
No more cancel culture.
Enough. Getter has arrived.
It's time to say what you want, the way you want.
Download now.
steve bannon
By the way, go to Getter.
We're going to be up. Grace Chong, Nicole O'Grady are out there right now.
We're going to be doing more. Captain Ben and myself throughout the day.
Jack Pasovic will pick up for Charlie Kirk.
Charlie Kirk's out there whipping votes for Harmeet right now.
News item before we leave.
And by the way, we're going to go out with James O'Keefe was on last night.
He talked about this incredible video of him confronting the Pfizer executive that essentially said Pfizer was doing gain-of-function experiments to, I don't know, to weaponize his virus even more, to look how to sell more vaccines.
But news item here, this exclusive to the Daily Mail of London, Is WHO preparing for nuclear war?
And this is the Mac Daddy on Drudge right now.
Health Body publishes list of medicines for nations to stockpile in case of, quote, radiation or nuclear emergency, end quote.
As the European Union warns, Russia is at war with the West.
Well, Ukraine is not the West, and the eastern border of Ukraine is not the West.
That is the Eurasian landmass, and that is not the West.
It's never been considered the West.
This is a border dispute over the eastern Russian-speaking border of Ukraine, which these people have been fighting about for thousands of years, and they're going to fight about thousands of years from now.
And now because of escalation by the Uniparty, and this is Tom Cotton and Wicker and all of them in the Senate, and you've got some voices in the House, but in the House, and this gets back to the debt ceiling and the debt limit and the spending.
The spending at the Pentagon is out of control.
There's already in the table what in the first round in the deal cut with McCarthy is $75 billion cut to defense.
Now, Republicans don't support that in House.
I'm not saying that's going to happen.
I actually believe you need a starting $100 billion cut in defense.
And I'm as big a hawk as you can get, particularly in taking down the existential threat to the American people, the Chinese Communist Party, in the defense of Taiwan.
But we are spread over hell's half acre throughout the world, taking on too much.
The only way, and this gets back even to President Trump's comments on cutting the budget, does not waste, fraud, and abuse in foreign aid.
Those are relatively small things.
You have to talk about your commitments.
You have to take away the commitments first, and then the money will follow.
We're too overcommitted everywhere in the world.
And people know that. The military is absolutely stretched thin.
So thin that this new armament in Ukraine is a big deal to the fact that the Taiwanese that have ordered and we've allowed them to buy the M1A1 Abrams tank.
And now it looks like the Ukrainians may jump in line and we may take some of the tanks designated for the Taiwanese and send there.
That is not acceptable. The Chinese Communist Party in Taiwan is number one.
That is in the vital national security interest of the United States.
Whether you think we have a moral obligation to defend democracy against the CCP because we didn't defend it in Hong Kong, that we have to defend it in Taiwan, leave that aside.
Right now, it is Silicon Valley West.
Our economy will be absolutely categorically destroyed, right?
With all the plants coming back in Intel and the chip sack, everything, we're still a long way from being independent of Taiwan for chips.
And right now, we're not even close.
Okay, I want to make sure. CPAC is March 1st through 4th.
CPAC takes place then.
Let's put up, we can put up on our, yeah, there we go right there.
Who's that handsome guy?
Oh, that's me. In a seen better days, right?
March 1 through 4, you get a $47 discount off a general mission ticket.
That general mission ticket will get you access.
We're going to do the live broadcast.
Real America's Voice is going to have a huge presence there.
We're going to do a live, we're going to do live like we did in Dallas, like we did at At Phoenix, at the Turning Point, the audience, the War Room Posse, loves it.
We're going to interact with everybody.
We're going to have breakout rooms.
We're also going to announce some new initiatives from the War Room.
You're going to want to be there. It'll be a festive occasion, plus a serious occasion.
President Trump is coming to speak, and I think Matt Schlapp and the team are going to start rolling out and announcing other speakers.
You don't want to miss this.
It's back at the National Harbor at the Gaylord, this fabulous facility.
It's going to have everything there, all the panel rooms, the breakout rooms, the main stage speakers, plus you're going to see you've got the room where everybody puts out their material.
You'll get to meet every conservative, every MAGA organization out there.
It's absolutely incredible. So make sure March 1st through the 4th, we're going to be announcing other things that the War Room is going to be doing in conjunction with that to make it a more immersive experience for the total War Room Posse.
So $47 off.
And there's other programs you can sign up for, but just go to CPAC.com.
And it's right there on the platform right now.
Go to CPAC. You can get it all.
We're going to be back here 5 to 7.
Liz Harrington is going to join us tomorrow.
We are doing live coverage of the New Hampshire speech at 11 o'clock in the 10 o'clock show tomorrow morning.
We'll be picking up the president's speech live.
In addition, we're going to do a pregame, and we're going to stick around to the end, and we're going to do a postgame analysis of all of it, so you don't want to miss that.
5 o'clock, Liz Harrington is going to kick off with a discussion on the president.
She's the head communication strategist.
She's also going to talk about the president of Ukraine.
As we leave, I'm going to give you a couple of minutes of the incredible James O'Keefe video.
It's up on our site. You can go see it.
I got it up on Getter.
So let's leave with that.
Go ahead and play it. We'll see you back here at 5 o'clock.
This is incredible.
And stick around. Jack Posobiec sitting in for Charlie Kirk.
Sitting with Charlie Kirk at noon, Jack Posovic.
We'll see you this afternoon at 5.
unidentified
Hey there. Is this seat taken?
You work for Pfizer.
My question for you is, why does Pfizer want to hide from the public the fact that they're mutating the COVID viruses?
Is this real life? I'm literally a liar.
I was trying to impress a person on a date by lying.
This is absurd. Please don't touch me.
Well, this is not, by the way, don't tell anybody.
This is someone who's just working at a company to literally help the public.
You f***ed up. You really did it.
Please read the post. Can you please unlock your door?
Please unlock the door.
We're trying to unlock the door.
Export Selection