May 10, 2024 - Bannon's War Room
48:53
Participants
| 
| Speaker | Time | Text |
|---|---|---|
| I seek recognition to give notice of my intent to raise a question of the privileges of the House. | ||
| The form of the resolution is as follows. | ||
| declaring the office of Speaker of the House of Representatives to be vacant. | ||
| This is the Uniparty for the American people watching. | ||
|
unidentified
|
the game. | |
| There's use this term unity party like it's an insult it's a negative but isn't that what the American people are looking for unity bipartisanship? | ||
| I agree with you. | ||
| Bipartisanship a few years ago was a good thing. | ||
| When people could work across the aisle and there was common ground, it was a good thing. | ||
| What Marjorie Taylor Greene is trying to do is send a message to the American people that the institutions are corrupt, that the institutions are against you, the hardworking American. | ||
| I think that fails, and it should fail, because the institutions are made up of a lot of really good, hard-working people who are trying their very best under difficult circumstances, under very polarizing circumstances, to get good things done. | ||
| We got word about the shipment of munitions being delayed and that was a great concern to us because I got commitments from top administration officials before we passed the supplemental package for the aid to Israel that that would not happen. | ||
| There would be no delay whatsoever. | ||
| They repeated to me in writing and verbally. | ||
| No delay in the delivery of weapons to Israel because it's so desperately needed. | ||
| I talked with Prime Minister Netanyahu about it and I wanted to get confirmation from him exactly what's happening. | ||
| He described exactly what was happening before the news was confirmed. | ||
| Before Biden's statement or before? | ||
| Well, this is well before Biden's statement, but also before the news broke about those. | ||
| We were just hearing rumors. | ||
| So I confirmed it with Prime Minister Netanyahu. | ||
| And then I went straight to the White House and I said, what gives? | ||
| Somebody's going to have to explain this to me because it's very different than what I was told. | ||
| And they said, oh, this has nothing to do with the supplemental package that you all passed. | ||
| This is earlier, the weapons tranches. | ||
| Well, Israel needs it right now. | ||
| Well, we're working on that. | ||
| Well, you better work on it quickly. | ||
| This statement by the president, I hope, I believe he's off script. | ||
| I don't think that's something that staff told him to say. | ||
| I hope it's a senior moment because that would be a great deviation in what is said to be the policy there and in the very critical relationship we have with Israel. | ||
| This is really, that's really, really big news. | ||
| Do you feel betrayed by this then? | ||
| I gotta say that I do. | ||
| Yeah. | ||
| I mean, I, we've been, Very deliberate. | ||
| We've been very open, very much in good faith. | ||
| The Congress expressed its will through that vote. | ||
| And so for the administration to make such a huge deviation in policy without any consultation with us, and in defiance of what we quite literally just voted on here days ago, to me, it raises a lot of alarm. | ||
| This is the primal scream of a dying regime. | ||
|
unidentified
|
Pray for our enemies, because we're going medieval on these people. | |
| I got a free shot on 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. | ||
| And where do people like that go to share the big line? | ||
|
unidentified
|
MAGA Media. | |
| I wish in my soul, I wish that any of these people had a conscience. | ||
|
unidentified
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Ask yourself, what is my task and what is my purpose? | |
| If that answer is to save my country, this country will be saved. | ||
|
unidentified
|
War Room. | |
| Here's your host, Stephen K. Vance. | ||
| It's Friday, 10 May in the year of our Lord 2024. | ||
| Welcome to the War Room. | ||
| I am here with the fighter par excellence, Congressman Marjorie Taylor Greene. | ||
| I'm actually, it's tough. | ||
| It's hard to shock me. | ||
| With these wimps and pencil necks in Washington, D.C. | ||
| But I actually am shocked. | ||
| When Polly Pockets Johnson goes on the, I guess the Politico playbook podcast and sits there with just incredible naivete and says, oh, Biden betrayed me. | ||
| Biden betrayed me. | ||
| This is on the Israel situation, but it's on everything. | ||
| Johnson yesterday said, through President Trump, totally under the bus, said it was too hard to defund, too hard to defund The law against him, too hard to defund Jack Smith. | ||
| It was too hard to do all this. | ||
| Jim Jordan's just announced, wait for it, they're going to go have another hearing at the border. | ||
| They're going to have another hearing at the border, like we need to know any more information about the invasion of the southern border. | ||
| This is completely and totally performative. | ||
| Johnson sitting there, Congressman, for him to sit there and go, the Biden administration does nothing but lie to you. | ||
| They don't send the right information to Congress. | ||
| They hide information. | ||
| They're after President Trump. | ||
| It's an illegitimate regime, right? | ||
| We're going to go after him hard on the first afternoon we take charge. | ||
| And he's sitting there, I was betrayed? | ||
| No, everything, and you have to go in as an adult and understand when you're negotiating, everything they say is a lie or misrepresentation or against this republic. | ||
| You have proven beyond any doubt what a buffoon you are and what a clown you are in any of the 196. | ||
| This audience ought to get Bill Blaster and be up in the grill of the 196 that did not move the motion of vacate to toss him and toss him today. | ||
| He is unworthy. | ||
| unworthy of this position and now he wanders around. You're gonna see him on all the mainstream media because they love, | ||
| they love compromise, they love bipartisanship. | ||
| Betrayed. Can you walk me through how someone in that position | ||
| says he was betrayed? Because here's what they did. Of what was just passed, | ||
| they just passed this huge, what, 21 billion dollar bill. | ||
| They're not sending arms. | ||
| They need to go on offense. | ||
| Netanyahu had a cause bluff. | ||
| They're saying, oh, no, no, no, Speaker, don't get worried. | ||
| You can't impeach. | ||
| You can't do anything because this is really about supplementals before. | ||
| It's all hide the football. | ||
| It's all lies. | ||
| You can't trust anything Biden says. | ||
| You can't trust anything Austin says. | ||
| You can't trust anything Jake Sullivan or Tony Blinken, none of them. | ||
| Because it's an illegitimate regime. | ||
| Ask the question, Johnson, did Biden actually win in 2020? | ||
| The answer is no. | ||
| You used to be with us on this. | ||
| Now you're sitting there going, oh, I was betrayed, right? | ||
| In that deep little choir boy voice. | ||
| Congressman Marjorie Taylor Greene, thank you for joining us. | ||
| Oh, thanks for having me, Steve. | ||
| I think that pulled the curtain back. | ||
| I mean, think about that statement that he said. | ||
| That means that Mike Johnson is walking into a room with Joe Biden in good faith and actually thinks that Joe Biden is going to work with him. | ||
| Joe Biden is the man that wants to put Trump in jail for the rest of his life until he's dead. | ||
| This is who Joe Biden is. | ||
| Joe Biden is the man whose family has enriched themselves with all kinds of business deals all over the world. | ||
| We've exposed it on Oversight. | ||
| Joe Biden is the man that literally, literally has ripped open our border and wants to bring as many people From all over the world, from over 160 countries, and wants to make them citizens and wants to allow them to vote in our elections. | ||
| Like, and Mike Johnson's going to walk in and go, oh, well, me and my buddy Joe Biden. | ||
| Oops, sorry about that. | ||
| Me and my buddy Joe Biden, who has dementia, by the way, I can trust everything he's telling me. | ||
| So this is good faith. | ||
| And he and he thinks he's been betrayed by Joe Biden. | ||
| I think the betrayal happened by Mike Johnson. | ||
| That was the betrayal. | ||
| Because Mike Johnson is not capable of being Speaker of the House. | ||
| And the betrayal happened when I called the motion to vacate, Steve. | ||
| And you saw Republicans join with Democrats and boo as loudly as possible. | ||
| In the people's house. | ||
| In the people's house, Steve. | ||
| That's the betrayal. | ||
| No, look, when he ran for the job, he promised he was going to shut down the border before another penny to Ukraine, promised not going to give money for Ukraine. | ||
| He promised he was going to force even a shutdown of the government before approving Biden's out-of-control budget. | ||
| Everything he said and committed to people, the people said, fine, go ahead. | ||
| Jordan couldn't get across. | ||
| Giles couldn't get across. | ||
| Embers couldn't get across. | ||
| Johnson looks like a safe pair of hands, looks like an honest guy with a biblical worldview, a total Christian. | ||
| He is a bald-faced liar. | ||
| But to say he's betrayed, you're absolutely correct. | ||
| That means that your mindset was, these are people in good faith. | ||
| You can't negotiate in good faith with these people because they're crooks and illegitimate. | ||
| You have to understand they're in there to destroy this republic and jail President Trump. | ||
| That, therefore, you have to go in and understand everything they're telling me is a lie, all the spin. | ||
| Now it's quite evident. | ||
| He went in totally naive with no experience and the intelligence community scared him so he would himself, right, with all the nonsense. | ||
| That's why the FISA was just not an extension, it's a radical expansion of FISA. | ||
| That's right. | ||
| What he approved, he didn't fight at all for the Omnibus Bill. | ||
| He had all the leverage in the world to shut down the government until he shut the border. | ||
| He had the leverage. | ||
| Jordan and the leadership had the leverage. | ||
| They had the complete leverage to do it. | ||
| They didn't use it, and now he's going to sit there and whine to Politico? | ||
| Yes, I felt betrayed. | ||
| This is a dangerous naivete that we can't have now. | ||
| And the burden now is on the 196 to justify to this audience exactly why you made Hakeem Jeffries Speaker of the House, because that's what's happened. | ||
| Absolutely. | ||
| You know, voters across America gave us the majority in 2022 for a reason, and it's because they wanted to stop the deadly Biden administration's policies, and they were fed up with it. | ||
| And it became our job, that became our duty to fight the Democrats and to stop their policies. | ||
| What did we tell everyone? | ||
| We said power of the purse. | ||
| We said it over and over and over again. | ||
| We're going to use the power of the purse to stop the Democrats. | ||
| We're going to use the power of the purse to shut the border down. | ||
| We're going to use the power of the purse to hold them accountable. | ||
| Mike Johnson gave it away. | ||
| He literally took the purse, handed it to Chuck Schumer, allowed the Senate to write | ||
| the entire omnibus, the two-part spending package that he passed, so much so, Steve, | ||
| that Chuck Schumer took those bills, the ones that fully funded the Department of Justice | ||
| that are trying to put Trump in jail for the rest of his life, the same spending bill that | ||
| fully funded the FBI. | ||
| He didn't change a period. | ||
| He didn't change a word. | ||
| bill that gave the FBI a brand new building. | ||
| How ridiculous is that? | ||
| The same spinning bill that funded the border invasion, every single ounce of it. | ||
| Chuck Schumer took it in the Senate. | ||
| He didn't change a comma. | ||
| He didn't change a period. | ||
| He didn't change a word. | ||
| What does that tell you? | ||
| It should tell everybody everything they need to know. | ||
| And then 196 of my Republican colleagues voted to save Mike Johnson. | ||
| And so did Nancy Pelosi. | ||
| Think about that. | ||
| Nancy Pelosi, she impeached our president, President Trump, twice, ladies and gentlemen. | ||
| Nancy Pelosi impeached Trump twice, and she voted to save Mike Johnson. | ||
| Wrap that around your head, and 196 Republicans said that was okay, and they voted when Nancy Pelosi and Hakeem Jeffries and Jerry Nadler and all of these Democrats that hate you, absolutely hate you, hate President Trump, want him dead. | ||
| Benny Thompson, who wants to take away his secret service so that he can be assassinated. | ||
| That's what our Republican colleagues did. | ||
| Remember, if the vote had gone, just like in McCarthy, if the Democrats had voted for Hakeem Jeffries, Johnson would be gone right now. | ||
| In fact, the first round was actually worse than the first round against Johnson. | ||
| You had 11 votes to support him, but you had 10 no votes. | ||
| Okay? | ||
| You add that up, that was worse than McCarthy did. | ||
| If the Democrats had not had his back, I want to make sure everybody understands this, if they had not had their back under the order of Pelosi and Hakeem Jeffries and Jerry Nadler and the most radical elements of that, Johnson be gone. | ||
| We don't need a bipartisan Speaker of the House. | ||
| A bipartisan Speaker of the House means exactly how this country, how this country get in the shape it's in today. | ||
| You had Republican Presidents, Republican Speakers of the House like Boehner and Ryan, right? | ||
| You had Majority Leader McConnell. | ||
| For years and years and years, the Murdochs, Fox News, TV for stupid people. | ||
| This is called controlled opposition. | ||
| All you do is go along and you grab a shiny toy and you make a big deal about the shiny | ||
| toy and get everybody worked out on the shiny toy. | ||
| This is about money and it's about power. | ||
| And they understand they have somebody compromise. | ||
| And people come to me, what have they found out about Johnson and the intelligence service | ||
| with compromise? | ||
| I don't go there. | ||
| That may be true, but I know one thing. | ||
| He's too naive, right? | ||
| Too unsophisticated, too gutless, too much of a coward to sit in those rooms and they give him the intelligence briefings and sit there and ask the smart questions. | ||
| No, no, no. | ||
| The increase, the extension of FISA, and they just announced the other day, the FBI announces, guess what? | ||
| They're back to the online. | ||
| They're going to do the online monitoring of everybody. | ||
| Johnson says yesterday, it's too hard. I don't know how to defund to defund Jack Smith. It's too hard. It's too hard | ||
| Of course, it's hard. You're out there to do hard things You're nothing but a wimp and everybody that vote all | ||
| 196 get up in their grill and demand from them to tell you Exactly why they supported and backed Nancy Pelosi and Hakeem | ||
| Jeffries and Jerry Nadler and Joe Biden and all the radical Democrats, okay, and why he lied to people the straight | ||
| face about securing a border and Jim Jordan We don't need another performative hearing. Hey, guess what? | ||
| Note to self the war room posse knows is the illegal alien invasion | ||
| They know that Biden initiated it, structured it, and is exacerbating it. | ||
| We don't need to go to the border for another hearing. | ||
| What we needed you to do was to step in the breach a couple of weeks ago and say, guess what? | ||
| You cannot authorize this. | ||
| We got to shut this government down until they shut the border down. | ||
| That's what the American people want. | ||
| What they're tired of is the gutless, feckless whining of the Republican establishment. | ||
| Okay? | ||
| They're tired of it. | ||
| And we're going to do something about it. | ||
| We're going to turf you guys out. | ||
| You're unworthy to represent the Republican Party and the American people. | ||
| Short break. | ||
| MTG on the other side. | ||
| Okay, I want to take these in order. | ||
| Welcome back. | ||
| We got Congressman Marjorie Taylor Greene. | ||
| By the way, Scott Besson's going to join us. | ||
| He was on Maria earlier. | ||
| We're talking about interest rates and what a lovely job Powell's doing now. | ||
| The inflation's here and it ain't going to go away. | ||
| We'll get into all of that. | ||
| Congressman Marjorie Taylor Greene. | ||
| First off, this was a historic moment. | ||
| We have played over and over again you going into the pit of the house and people don't understand the courage it takes to go there when your colleagues, those boos inside that chamber when it's coming down, it's even ten times, it sounds so loud you can barely hear you there, but how loud was it? | ||
| It was deafening. | ||
| Imagine walking into an arena where everyone hates you in that moment. | ||
|
unidentified
|
And as soon as I rose and started... So this is like the Christians going into the Colosseum with the Romans. | |
| Oh yeah. | ||
| Oh, oh, 100%. | ||
| So as soon as I stood and I started reading the resolution, the booze started. | ||
| And it may not have sounded that loud on the audio because the microphone was here for me, and that's what was picking up their booze, so I am the loudest voice here. | ||
| But inside that room, the booze were deafening. | ||
| I mean, absolutely, Daphne. | ||
| That was all I could hear. | ||
| I couldn't even hear my own self. | ||
| And so you have to realize in that moment, you're standing in a room where everyone is against you. | ||
| But I had to keep my mind and know that outside of this city, everyone is with me on this. | ||
| And that's the whole reason why I ran for Congress, Steve. | ||
| I ran for Congress because I was angry at the Republican Party for not doing what they said they would do. | ||
| And I was angry at the Republican Party for washing their hands of Trump and allowing him to be persecuted by the first special counsel, Robert Mueller. | ||
| And I was angry at the Republican Party that didn't pass our agenda, which is why we voted for Trump in the first place. | ||
| And so I was there literally doing what I told people I was going to do. | ||
| Those Republicans under Paul Ryan allowed the Democrats to steal his first term. | ||
| They stole the election the first time because they hammered Trump and hammered Trump and hammered Trump and finally came up with the phony impeachment. | ||
| That's right! | ||
| That's 100% right. | ||
| And I'll argue that's why Nancy Pelosi became Speaker in 2019. | ||
|
unidentified
|
100%. | |
| Because Republicans didn't fight. | ||
| And we're in the same scenario again. | ||
| And we desperately need to control the House. | ||
| But there's a difference, Steve. | ||
| We need to control the House, this time in January of 2025, with Republicans, a whole different mindset. | ||
| A Republican Party that is willing to do anything Everything that they have to do to fight for our agenda because the Democrats are not going to lay down and let it happen. | ||
| We already saw Mike Johnson get run over by Joe Biden because he was like, Oh, I can't believe that he lied to me. | ||
| Oh my goodness. | ||
| Joe Biden would lie to me. | ||
| Yeah. | ||
| Mike, what did you think? | ||
| That's your best friend in there going to give you everything you want while you're literally bending over giving him everything he wants? | ||
| I was betrayed. | ||
| Yeah, Mike Johnson got betrayed, everybody. | ||
| He was betrayed. | ||
| Wouldn't I ever tell you? | ||
| Shocker! | ||
| Shocker! | ||
| So hold up, when you're down there in this huge, dramatic moment, historical moment, we've played this thing, we've run the sprockets off it, it's dramatic, the audience loves it. | ||
| Fox News, Murdoch News, and you have to understand this is why they are controlled opposition and trying to tap you along. | ||
| Right. | ||
| And one of the most MSNBC cuts to it, CNN cuts it because it's news. | ||
| Even the propaganda channels have to do it. | ||
| It's a dramatic moment. | ||
| Fox News does not cut to that. | ||
| Your thoughts, ma'am? | ||
| Yeah, so you got to remember Fox News that literally fired Tucker Carlson, the number one cable TV news host in the nation. | ||
| Tucker, who was basically the voice of everyone. | ||
| That's the Fox News that refused to cover me calling the motion to vacate. | ||
| The five never switched gears. | ||
| They never changed, never went to anything different. | ||
| Fox News wants to control what Republican voters think, and the control and the information | ||
| that they give you is the establishment Republican Party view, the Bush view, the Cheney view, | ||
| the same view that led us into the Iraq war, claiming that there was weapons of mass destruction. | ||
| They want to make their viewers think that we have to fight for Ukraine, that we have | ||
| to stop Putin because he's going to steamroll across Europe just like Hitler did, even though | ||
| there's no evidence of showing that. | ||
| The same Fox News refuses to say, hey, let's call for peace, peace for these people in | ||
| Ukraine instead of wiping out an entire generation of Ukrainians. | ||
| Think about that. | ||
| This is the same Fox News that wants to infuriate you every single day while Republicans go | ||
| down to the border, drag out the podium, once again point at, oh, look, they're crossing | ||
| Oh, my goodness. | ||
| Oh, my. | ||
| But yet Republicans don't do a damn thing to actually stop it. | ||
| Nothing. | ||
| We could have stopped it in our appropriations. | ||
| We could change all kinds of things. | ||
| We have the Speaker of the House, the most powerful position in the Republican Party, third in line to the President. | ||
| Third in line to the President. | ||
| The Speaker can do anything he wants to do if he's willing to do it, but we have a Speaker that's so weak that a man, an 80-year-old man with dementia, is able to fool him. | ||
| This is where we are. | ||
| And Fox News, Fox News wants to make sure, make sure that you guys don't have your own opinion, that you only have the opinion that Fox News tells you to have. | ||
| And that's why Fox News attacks Steve Bannon, that's why Fox News attacks Charlie Kirk, and that's why Fox News would love to murder Tucker Carlson. | ||
| And that's the reality, and that's why Fox News is losing viewers, because I think you guys are smart. | ||
| The American people are too smart, and you're tired of being fed outrage TV, outrage TV, and watching and voting and donating to Republicans that don't do a damn thing about it. | ||
| And I think that's where we're turning the corner, Steve, and I hope to God we continue turning that corner. | ||
| No, it's Charlie Kirk, Jack Posobiec, Tucker. | ||
| It's not us saying it. | ||
| It's Politico as a huge piece of how Fox News saved Johnson. | ||
| Rupert Murdoch stepped in to save Johnson because you had Tucker Carlson, you had the Real America's Voice war room guys, you had Charlie Kirk, you had Jack Posobiec, of course, all the Real America Voice hosts all over. | ||
| Why have we not used our leverage? | ||
| Remember, if you submit To the Democrats, you're going to get good press from the mainstream media. | ||
| You're going to look like a statesman. | ||
| You're going to be bipartisan. | ||
| Stephanie Ruhle is going to say you're part of the unity party, right? | ||
|
unidentified
|
Right. | |
| And the country is looking for bipartisanship. | ||
| It's looking for unity because they want they want if bipartisanship means compromise with the Democrats and giving them more. | ||
| And you saw it here. | ||
| Everything on the budget, everything on the border. | ||
| Everything on Ukraine, across the board, everything. | ||
| Marjorie Taylor Greene, your thoughts? | ||
| Well, I'm just looking at that headline and it says how Rupert Murdoch quietly helped Mike Johnson survive Marjorie Taylor Greene's ouster attempt. | ||
| So that's also the Democrats, everybody. | ||
| It wasn't just Rupert Murdoch. | ||
| It wasn't just Fox News. | ||
| It was the Democrats. | ||
| Nancy Pelosi, Jerry Nadler, Hakeem Jeffries. | ||
| All these Democrats that literally are destroying our country right now locked arms with Fox News, locked arms with 196 Republicans and said, do not stop the unity party. | ||
| Unity Party. | ||
| Oh yeah, Ken Buck's Unity Party. | ||
| Unity Party. | ||
| Right, right, right. | ||
| Don't stop the Unity Party. | ||
| He's trying for his new MSNBC gig. | ||
| Because what has the so-called Unity Party done? | ||
| The Uniparty has given us over $34 trillion in debt. | ||
| The Uniparty has cut our border wide open, even though they complain about it all the time on Fox News. | ||
| They've never pushed Republicans to do anything about it. | ||
| The Uniparty has given us the destruction of America, and we are falling apart as a nation. | ||
| To the point, Steve, my own children, who are all in their 20s, that generation has no hope for the future. | ||
| They don't believe they're ever going to be able to buy a house. | ||
| This generation of young people today will never be able to realize and live the American dream like our generations and generations before us were able to do. | ||
| And this is what they want to continue in Washington, D.C. | ||
| And shame on Marjorie Taylor Greene for trying to end it. | ||
| Shame on Marjorie Taylor Greene for trying to actually hold our party accountable and our speaker accountable, who, guess what, by the way, Rupert Murdoch didn't vote for Mike Johnson. | ||
| I did. | ||
| I voted for him. | ||
| You want to know something? | ||
| Nobody watching this show right now voted for Mike Johnson. | ||
| I did. | ||
| And because I voted for him, guess what? | ||
| That means I can hold him accountable. | ||
| And that means I have a duty to hold him accountable. | ||
| And so does the rest of the Republicans that voted for him. | ||
| But guess what? | ||
| 196 Republicans locked arms with all those Democrats and said, no, no, no, we want to keep it going. | ||
| Mike Johnson, one of the first things he said yesterday is that it's too hard, I can't defund Jack Smith, it's harder than you guys think. | ||
| He comes up with a million excuses he can't do. | ||
| The House Republicans, every day they're sending a different letter to this person, this person, now, that the war room's all over them about, you know, hiding the 300-page report, not getting on top of this, not framing this jihad against President Trump by the legal system, by lawfare, but President Trump Actually came out and said, I think Mike Johnson's doing a good job. | ||
| My belief is that, look, President Trump's got enough on his shoulders, okay? | ||
| He's in that frickin' filthy courtroom today, you know, being hammered again and having his defense team trying to put up a defense in a totally rigged situation. | ||
| Don't take it from me. | ||
| It's President Trump comes out every afternoon and say it. | ||
| The Republicans have not lifted a finger to defend him. | ||
| You've got a federal judge in Florida that's doing it. | ||
| We're gonna put Jack Smith on trial. | ||
| You got an appeals court in Georgia that's stepping into a criminal trial because Fannie Willis is so bad, because the Kemp-controlled Senate won't do it. | ||
| That's right. | ||
| Right down there. | ||
| So you got two, that's two people, that's appellate judges and a federal judge are stepping in here. | ||
| You've got these things breaking all over the place, but there's no cohesive Jim Jordan at either weaponization or judiciary calling in people, sending subpoenas, etc. | ||
| Your thoughts? | ||
| Yeah, let me tell you about Jack Smith. | ||
| Let's talk about special counsels. | ||
| They've only been around for like 25 years. | ||
| They're not a part of the Constitution. | ||
| Can we defund them? | ||
| Oh yeah, we can defund them. | ||
| And look at Jack Smith. | ||
| He's been proven to be a liar in that courtroom. | ||
| And it's also been proven that the FBI, oh, they tampered with evidence? | ||
| No, they set President Trump up. | ||
| The FBI lied. | ||
| So defunding Jack Smith's special counsel is the easiest thing to do. | ||
| Absolute easiest thing to do. | ||
| And it's a failure, an absolute failure on our entire Republican majority. | ||
| We haven't done it yet. | ||
| Seriously, Steve, you know what? | ||
| Here's the deal. | ||
| I fight for President Trump probably more than President Trump fights for himself in Washington, D.C., because I'm tired of no one fighting for him. | ||
| And he should have never been drug in this in the first place. | ||
| But the inner circle and the speaker's team, they came and they kept peppering him and peppering and peppering him. | ||
| And they're saying, you got to say this on behalf of Mike Johnson. | ||
| You got to calm her down and stop her. | ||
| But you know what the reality is? | ||
| Leave President Trump alone. | ||
| He is defending himself in the worst attack on any American we've ever seen in history. | ||
| Political persecution at levels I hope to God we never see again, but you better bet it's We're not going to see it again if we step up into the breach. | ||
| If you have pencil-necks, feckless leaders like Johnson, it's going to come. | ||
| They're going to roll, and they're going to roll hard. | ||
| This is why it has to stop, and it has to stop now. | ||
| And we're not going to back off this whatsoever. | ||
| Johnson's got to go. | ||
| Johnson's got to go, and he's got to go now. | ||
| Okay? | ||
| He can run and hide behind Biden's skirts. | ||
| It's not going to protect him. | ||
| Short commercial break. | ||
| MTG's going to hang around. | ||
|
unidentified
|
Here's your host, Stephen K. Bamm. | |
| Okay, one of the things that they throw up at us is that, oh, we're going to lose the Speakership, we're going to lose the House if you continue down this path. | ||
| They show President Trump this polling, it shows it's going to happen. | ||
| Here's one thing that's going to happen. | ||
| You're not going to get the base to turn out for these House races if you don't stand up and stand for something. | ||
| Right now, these 196, you have to go back and explain to people why you passed the Nancy Pelosi budget plus $30 billion, why you didn't secure the border when you looked people in the eye and said you did, why did you fund Ukraine when you said you weren't, on and on and on and on, why you didn't defend President Trump, why is there no organized hearings right now about this vast criminal conspiracy? | ||
| Congressman Green. | ||
| Yeah, that's exactly right. | ||
| I mean, voters know this. | ||
| Everybody knows when you walk into the ballot box and you're ready to vote, you check the names that you trust and that have done a good job, and you skip the names that you don't trust, and you skip the names that have not done a good job. | ||
| You can't motivate me to vote for someone that has failed me. | ||
| And that's how voters think and that's how voters vote. | ||
| And so by failing to uphold our Republican agenda, by failing to not defund Jack Smith, by failing to do nothing about the border crisis, By failing on every single level, but achieving the Democrat agenda, achieving the Democrat policies, funding the Democrat policies, funding the prosecutions of President Trump and January 6th defendants to the point they're committing suicide. | ||
| That's what Republicans have to run on. | ||
| And so here's the deal. | ||
| The lie that they're trying to tell you, by the way, on Fox News, they're telling this one a lot, is, hey, if you throw out the speaker now, it's going to cost us the election. | ||
| There's no way we're going to win in November. | ||
| Let me tell you, President Trump, everybody's coming out and they're checking the top of that ticket, Steve. | ||
| But how is the House member, how is that representative going to get reelected having delivered Joe Biden's agenda? | ||
| That's going to cost us the election. | ||
| So imagine, we'll have President Trump in the White House, we will have a Joaquin Jeffries speaker, we already have him right now, but they'll have full control in the House if we don't stand up and fight. | ||
| Because they're just assuming the establishment, assuming is that MAGA and people are going to turn out. | ||
| That's not, you have to earn their vote. | ||
| You have to earn their vote by action. | ||
| No more hearings at the border. | ||
| No more hearings about this action. | ||
| The hearing they want is about the vast criminal conspiracy. | ||
| Now they have a plan and they're cooking on a plan because, and this is the other thing, let me just say about order and stability versus chaos. | ||
| If you go along with everything the UNO party wants, if you go along with everything the cartel wants, as Russ Vogt says, Of course, it'll just glide through, and the TV shows will say, Mike Johnson is a leader, he's bipartisan, he's so great, he's the unity party, this is what the nation wants. | ||
| No. | ||
| No. | ||
| We've got to stop this. | ||
| Can I say something about chaos? | ||
| Yes, go ahead, please. | ||
| Okay, Steve, think about this. | ||
| They're all mad at me. | ||
| Oh, she's causing chaos in the House. | ||
| Oh, she's causing drama in the House. | ||
| You know who is living in chaos? | ||
| The American people. | ||
| The American people are living in drama from Washington. | ||
| Let's talk about that. | ||
| Oh, but Marjorie Taylor Greene is causing chaos in the House. | ||
| Oh, poor pitiful Republicans. | ||
| Oh, poor, poor little members of Congress. | ||
| Oh, how hard for them that they actually show up to Washington. | ||
| It should be easy for these guys, Steve. | ||
| It shouldn't be difficult. | ||
| How dare they actually have to fight for something? | ||
| I mean, didn't they promise to fight for something when they got elected? | ||
| Didn't they say on their Fox News interviews, Oh, I'm going to do this. | ||
| I'm going to do that. | ||
| I stand for this. | ||
| I stand for that. | ||
| And then, Oh, no, no, no. | ||
| No, Marjorie, this is too much drama. | ||
| We can't take it. | ||
| This is too much chaos. | ||
| You know what's drama and chaos? | ||
| Having to scrape up money so you can pay for groceries. | ||
| You know what's drama and chaos? | ||
| Racking up credit card debt so you can pay your rent. | ||
| You know what's drama and chaos? | ||
| Is Washington, D.C. | ||
| uniparty lies and BS every single day, shove down the American people's throat while they kick them in the teeth. | ||
| They literally kick the American people in the teeth. | ||
| That's the drama and the chaos. | ||
| And you know what? | ||
| Members of Congress need to grow up. | ||
| They actually need to learn how to grow a spine for once in their life and fight for something. | ||
| Okay, they're moving all kind of, they're trying to do everything and threatening everything to you. | ||
| Let's go through that. | ||
| What are they trying to do? | ||
| Well, you know, there's some people that want to expel me. | ||
| They want to actually expel me from Congress for wanting to kick out our Uniparty Speaker of the House. | ||
| So that, I mean, I don't know if they're going to do that. | ||
| I say go ahead, you know, go ahead and try that one. | ||
| They want to kick me off committees. | ||
| They've openly called for that on interviews. | ||
| Because if they expel you, you go right back to Georgia in a special election and win with 90% of the vote. | ||
| You bet I would. | ||
| You better bet I would. | ||
| And, you know, they want to kick me off committees. | ||
| I'm like, oh, what, the COVID committee that's still trying to figure out the origins of COVID? | ||
| Yeah, go ahead and kick me off of that one. | ||
| The same committee that won't talk about vaccines and side effects and deaths? | ||
| Yeah, go ahead and kick me off of that one. | ||
| You're going to kick me off Homeland? | ||
| I impeach Secretary Mayorkas on Homeland. | ||
| I did that. | ||
| That happened because I forced that vote and told Johnson I wouldn't stop forcing that vote until we impeach Mayorkas. | ||
| So the Oversight Committee, where we've been investigating Joe Biden, okay, yeah, go ahead and kick me off of that one, too. | ||
| But these are the things they're talking about coming against me. | ||
| Primarying me? | ||
| Oh, that'll happen next election cycle. | ||
| What are you guys going to do, raise up a good old establishment Republican? | ||
| You crushed it last time. | ||
| Speaking of impeachment, The oversight hasn't done criminal referrals. | ||
| We haven't pushed the impeachment of Biden, which we have to do. | ||
| There's no fight there. | ||
| And all of a sudden there's now a thing about impeaching for Israel. | ||
| We don't need impeachment for Israel. | ||
| No. | ||
| Right now we have more than enough to impeach this guy on being a crook and being a criminal and on the invasion on the southern border of his high crimes and misdemeanors and trashing the Constitution. | ||
| Why are we not moving forward with those impeachments? | ||
| Think about this. | ||
| They want to impeach Joe Biden for what they impeached President Trump for the very first time. | ||
| So Republicans would be saying, yes, they would be validating the impeachment of President Trump, which is so wrong. | ||
| And so they're pursuing this. | ||
| No, we can impeach Joe Biden on a million other things. | ||
| We can impeach him on the border, just like we did Mayorkas. | ||
| We can impeach him on their corrupt family business deals. | ||
| We can impeach him on many other things, but why we need to move forward on this one I think it's wrong. I'm not validating | ||
| President Trump's impeachment. I actually have a resolution to expunge | ||
| President Trump's impeachment. | ||
| Which hasn't moved forward. I might add. Hasn't and Elise Stefanik is the co-sponsor. | ||
| There's you know I the direction and the decisions by Republicans are absolutely | ||
|
unidentified
|
completely off track. | |
| It's unbelievable. | ||
| Where do people go to get more information? | ||
| Particularly, where are you going to go and speak? | ||
| Are you going to go around the country? | ||
| What's your travel? | ||
| Because people love seeing you in person. | ||
| Thank you, Steve. | ||
| Well, we're actually stuck in session in Washington doing more Uniparty things over the next couple of weeks, so I'll be stuck up there. | ||
| But I'm definitely going to be hitting the road in Georgia. | ||
| Because I'm really worried about the 2024 election. | ||
| I have to tell you, I'm terrified of it. | ||
| The Atlanta Journal Constitution reported that we have 13,500 more registered Democrat voters, new voters in Georgia. | ||
| Remember, President Trump lost the election in Georgia by less than 12,000 votes. | ||
| He didn't lose. | ||
| It was stolen. | ||
| And the hearings this past week in Georgia were incredible. | ||
| Everyone did an incredible job exposing the lies from the Secretary of State's office and exposing the fraud and the stolen election in Georgia. | ||
| And I can't believe it's being just now exposed in 2024 when it happened in 2020. | ||
| And so I'm going on the road in my state. | ||
| We have to win Georgia for President Trump. | ||
| We have to deliver that victory for him because we have to get him back in the White House. | ||
| Or guess what? | ||
| This Jack Smith thing is not going to go away. | ||
| Imagine. | ||
| Imagine. | ||
| That is going to be a reality and it's going to get worse. | ||
| We're going to continue to press this every day. | ||
| Social media, where do they go to follow you? | ||
| You can follow me on RepMTG, any social media account. | ||
| And if you want to pitch in to help defend me, DefendMTG.com, DefendMTG.com. | ||
| Thank you so much, War Room. | ||
| Congressman, thank you for being here. | ||
| We got Scott Besant next. | ||
| We're going to play a cold open. | ||
| Congressman Green, thank you so much. | ||
| Let's play Scott Besant. | ||
| We're going to talk money and capital markets now. | ||
|
unidentified
|
You make a great point, because the Federal Reserve basically choreographed this for everybody, right? | |
| There's a reason that the market was expecting six rate cuts at one point, because that's what the Fed was signaling. | ||
| Why? | ||
| You know Maria, I'm not sure. Good morning. I thought that the Federal Reserve had, you know, after | ||
| disastrous 21, you know, the failing the American people on inflation, | ||
| the Federal Reserve restored their credibility with one of the fastest, if not the fastest, hiking cycle in history. | ||
| It looked as though they had things under control this fall. | ||
| Inflation was dropping. | ||
| In the November and December post-CFOMC meetings, the statements were very anodyne, and for some reason, Chair Powell needed to come out and play the hero and signal an easing. | ||
| And my theory, and it's been borne out, is he calls this easing in financial conditions. | ||
| Stock market shoots up. | ||
| Credit spreads tightened and that reignited inflation and reignited the economic activity. | ||
| And now, six months later, we're seeing the results of that. | ||
| I think if he had just stayed the course, the conditions would have been much better. | ||
| And the other thing we're seeing here is we're seeing this bifurcated economy. | ||
| And that behavior in the late fall has led to it. | ||
| 25% gain in the stock market is great for the top 20%. | ||
| Interest rates staying high is crushing the bottom 50%. | ||
|
unidentified
|
Scott, the way that Secretary Yellen has set up these auctions, is she trying to make stocks go up and keep yields lower? | |
| I mean, is that why she's setting up short-term funding versus long-term? | ||
| Yeah, and again, it's very disappointing, Maria, because Treasury and Fed, the economic positions and administration are risk management positions, and she is adding risk, not mitigating risk, and this is a risky strategy. | ||
| We now have this EEM kind of equilibrium and look over 40 years I've seen | ||
| developed markets, emerging markets and this never works. | ||
| She's got a three body problem here. | ||
| So she's trying to goose financial conditions. | ||
|
unidentified
|
Scott real quick before you go, have you had discussions with President Trump? | |
| Let me take this. | ||
| Hang on. | ||
| We'll play maybe the rest of the Maria in a second. | ||
| Scott, I want to go back in time because I think people need to set this. | ||
| I think this was after Thanksgiving in early December. | ||
| Yellen and the Fed really started working hand in glove together, which they've never done before. | ||
| And this was the financial industrial complex coming together to save Joe Biden, just like the biopharmaceutical has, the defense industry has, all the big corporatists, the easy money folks on Wall Street, the few | ||
| tech overlords in Silicon Valley. | ||
| But tell us what happened in early December that's going to drive us over a cliff, sir. | ||
| Good morning, Steve. | ||
| Look, I think the problem with Jay Powell, Janet Yellen is that they are linear in their | ||
| thinking. | ||
| markets in real world, they are non-linear. | ||
| And what's happened here is it's their central planners. | ||
| Their plan was if we can ease financial conditions, then the economy will be strong coming into The election. | ||
| Studies have shown that voters tend to gravitate to how's the economy doing, plus or minus two weeks around Labor Day. | ||
| They thought that they could engineer a boom into Labor Day. | ||
| And the problem is inflation got in their way. | ||
| And inflation and consumer expectations are nonlinear. | ||
| Janet Yellen, shortened the issuance for Treasury. | ||
| And the way for your viewers to think about this is, if Treasury is going to issue 10-year bonds, | ||
| then that puts upward pressure on interest rates, maybe upward pressure on mortgages. | ||
| If you move it to shorter issuance, you're issuing Treasury bills, which roll every 90 days. | ||
| And by taking the long issuance out, you take pressure away from the market. | ||
| And I can tell you, given the size of these deficits, Janet Yellen does not want price exploration based on market signals. | ||
|
unidentified
|
She is a central planner, and central planners do not like market signals. | |
| We're going to take a short commercial break. | ||
| We're going to come back and drill down on all this, because this shows you the bind that we're in, the structural bind. | ||
| Scott Besant, Capital Markets, next in the War Room. | ||
|
unidentified
|
Here's your host, Stephen K. Batt. | |
| The End of the Dollar Empire. | ||
| Make sure you go check it out from Birch Gold. | ||
| It's the fifth installment. | ||
| We've got this about the central bank digital currency. | ||
| The one previous about Richard Nixon and his team taking us off the gold standard in 1973, I think it was. | ||
| And we've got the debt trap. | ||
| These are all free. | ||
| If you want to learn about capital markets, you want a little bit about macro, which we go out of our way to make sure this audience understands because you can't understand power until you understand money. | ||
| Birchgold.com slash Bannett. | ||
| Go check it out. | ||
| Also, Philip Patrick, because they're so busy during the week now, Philip Patrick's going to join me again tomorrow morning. | ||
| We're going to go through a bunch of analysis of capital markets and get you up to speed. | ||
| Everything that's happening on the economy. | ||
| Birchgold.com slash Bannett. | ||
| Make sure you go talk to Philip Patrick. | ||
| We give you access. | ||
| We have sponsors. | ||
| We make sure we have access. | ||
| The leadership of those companies, so the audience can have access to the leadership of the companies. | ||
| Go check out Dave Birchgold.com slash Bannon. | ||
| Scott, let me see if I can summarize this. | ||
| At least part of it. | ||
| Understanding that what they were selling or thought they had to sell best was Bidenomics, because it was still back over Thanksgiving last year, Scott. | ||
| They were still marketing that. | ||
| What they wanted to do is make sure they had enough liquidity and juice into the system, into the stock market, others. | ||
| In summer, particularly mid-summer, late summer, powering through Labor Day because history tells them when they look at polling, history tells them that that will lead people that it's just the economy stupid. | ||
| And then they were there for be a referendum on the incumbent and vote the illegitimate Biden regime back into office. | ||
| And so, Treasury and the Fed kind of worked on, hey, we think we've got inflation beaten enough now, we can risk it and gamble. | ||
| And your point is, that risk has not paid off, and most importantly, it has not paid off for the bottom 80% of the country. | ||
| It's maybe to the lords of easy money on Wall Street and the tech oligarchs and guys that own big positions and stocks, but it hasn't worked for everybody. | ||
| Is that essentially what happened here? | ||
| Steve, that's a great summary. | ||
| Way to think about it is, when Yellen and Powell eased financial conditions in the fall, we had this massive stock market rally, say up 25% off the bottom, and the top 10% of Americans own 88% of stocks. | ||
| Think about that. | ||
| the top 10% of Americans own 88% of stocks. Think about that. 88% of stocks are owned by the top 10% | ||
| of Americans. Americans in general, 50% of Americans own equities, so that means that | ||
| the next 40% from the 90th percentile down to 50 own 12% of the stocks. | ||
| And then the bottom 50 doesn't have assets, they have debt. | ||
| And so what they, in essence, did was, you know, it's a bifurcated economy. | ||
| You either own assets or you have debt. | ||
| And they helped the asset owners to goose the economy. | ||
| And they were very happy to let the debt, those in debt, keep paying the higher rates. | ||
| And they're going to be the ones Who are suffering? | ||
| We've seen Philadelphia Fed publish credit card data. | ||
| 30-day delinquencies are at three and a half percent, which is the highest since they started keeping that sequence in 2012. | ||
| I want to go to, also, and I ask you for a report card, because we're always banging on Powell. | ||
| I want a report card on Yellen, because she's quite, I think, a dangerous figure here. | ||
| Give me a report card, because she is part of this working together with the Fed. | ||
| She took a very high-risk strategy. | ||
| We're adding a trillion dollars, essentially, of new debt every hundred days. | ||
| She decided, instead of financing this out long, She's just going to continue to roll it. | ||
| Now, we know one third of the, I guess, the debt rolls, it's got to be refinanced every year. | ||
| But this is even making it tougher, right? | ||
| Because you're selling bills and it's just a riskier strategy than going long. | ||
| I mean, it's not riskier for those guys, but for the American people. | ||
| Exactly, Steve. | ||
| Let's unpack that and then I'll come back and give my grades on Professor Yellen. | ||
| Let's remember all the way back. | ||
| This spending By the Biden administration is what set off this inflation. | ||
| And that was a choice. | ||
| The other choice that they made is to constrain supply through over regulation or heightened regulation. | ||
| The reason the Trump economy worked well is you had a demand shock. | ||
| And the demand shock was met with a supply shock in terms of deregulation, so inflation really never got above 2.2, 2.3%. | ||
| Is we had a demand shock fueled by government spending, which is still going on, and we are getting a continuous constraint on the supply side by these regulations that keep getting added almost daily. | ||
| And it looks like there's a whole group that they want to codify before the November 5th election. | ||
| So it's very difficult, if not impossible, for inflation to abate. | ||
| So, this is a choice. | ||
| And the administration, led by Yellen, is doing this. | ||
| And we could have been in a much better place if they had not overplayed their hand in the fall and just let the market do its job. | ||
| Janet Yellen does not believe in market signals. | ||
| So, as you outline, She is suppressing the long end of the curve by holding back product. | ||
| So she is starving bond managers who want to buy 10 years. | ||
| And believe me, the government has plenty of debt to issue. | ||
| They're just issuing it at the very short end, which is very risky. | ||
| This is EM stuff. | ||
| I've been doing this 40 years and it doesn't end well. | ||
| This is kind of stuff Turkey, Argentina, Brazil does going in an election. | ||
| It's not what the United States of America does. | ||
| The switch to short end is normally during a recession when you are having trouble issuing debt. | ||
| We are doing this with 3.8% unemployment. | ||
| The stated economic numbers are quite good, but underneath the hood is a mess. | ||
| Miss, hang on for one second. | ||
| I just want to hold you shortly through. | ||
| I know you've got to bounce, but we have a 90-second break. | ||
| I just want to talk about what Warren Buffett said over the weekend, what Drunken Miller said over the weekend. | ||
| I want to get your assessment of some of these other smart guys on Wall Street and the capital markets. | ||
| Scott Besant is with us. | ||
| We're going to hold. | ||
| I think Joe Allen is going to join us right after that. | ||
| Short commercial break. | ||
| Make sure. | ||
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