March 13, 2025 - Bannon's War Room
53:51
Participants
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| Speaker | Time | Text |
|---|---|---|
| The bracket here, you've got the governor's bracket. | ||
| You've got Whitmer. | ||
| You've got Shapiro. | ||
| You've got the governor of the Commonwealth of Kentucky. | ||
| Illinois. | ||
| You've got Illinois, Pritzker. | ||
| You've got Polis. | ||
| The governor's bracket is powerhouses. | ||
| It's packed. | ||
| Since the California model is so broken, he wants to get out of the... | ||
| Governor's bracket, and he wants to get to what I call the celebrity bracket. | ||
| Stephen A. Smith, Mark Cuban, Rahm Emanuel, Pete Buttigieg, and, of course, Gavin Newsom. | ||
| And he's an attack right to do that. | ||
|
unidentified
|
Well, I highly suggest, I'm going to give it over to you, but I highly suggest, folks, if you're listening to a podcast, listen to that one, because it was 85%. | |
| Steve Pan is fantastic. | ||
| Good job, brother. | ||
| See you tomorrow. | ||
| It's fantastic. | ||
| Thank you, brother. | ||
| Appreciate you. | ||
| Eric Bolling. | ||
| A gangster and a pirate. | ||
| I guess he's a gangster and he's got a pirate crew. | ||
| Okay, breaking news. | ||
| We're going to go immediately to President Trump. | ||
| He's going to go in the East Room momentarily for the official press conference with the Prime Minister of Ireland. | ||
| We're going to have a little bit of time here beforehand before Brian Glenn takes it over. | ||
| Then we'll have time on the back end. | ||
| But right now, breaking news on Capitol Hill. | ||
| Let's go to our cold open for the 5 o'clock show. | ||
|
unidentified
|
All right, welcome back. | |
| We've got some breaking news on Capitol Hill. | ||
| The Senate Minority Leader, Chuck Schumer, just announced that Senate Democrats are preparing to block the government funding bill that was passed by House Republicans last night. | ||
| Our CNN chief congressional correspondent, Manu Raju, on the Hill, as per usual. | ||
| Manu, what did we learn from Schumer here? | ||
| I mean, this big question was, were Democrats going to stand and fight? | ||
| Were they going to view it as important to keep the lights on? | ||
| The deadline's Friday. | ||
| I think my question is, I mean, how much of this is... | ||
| Real? | ||
| That we could actually face a shutdown here? | ||
| And how much of it is them needing to show that they are fighting? | ||
| Well, they definitely need to show that they're fighting to a lot of Democrats. | ||
| We want to see this as really their first piece of leverage to push back against everything that Donald Trump has done so far because their votes are needed in the Republican-led Senate in order to overcome a filibuster attempt. | ||
| They need 60 votes to overcome a filibuster. | ||
| The Senate is controlled 53-47 by the GOP. We expect one Republican senator to vote against it, which means there needs to be at least eight Democrats to vote yes. | ||
| And what Chuck Schumer just said, Funding the government should be a bipartisan effort. | ||
| But Republicans chose a partisan path, drafting their continuing resolution without any input, any input, from congressional Democrats. | ||
| Because of that... | ||
| Republicans do not have the votes in the Senate to invoke cloture on the House CR. Our caucus is unified on a clean April 11th CR that will keep the government open and give Congress time to negotiate bipartisan legislation that can pass. | ||
| We should vote on that. | ||
| I hope, I hope our Republican colleagues will join us. | ||
|
unidentified
|
Now, a CR means continuing resolution, which is essentially an extension of government funding. | |
| What Schumer is calling for there is a one-month extension of government funding. | ||
| But the Republicans are just not going to go for that. | ||
| So that really is going to leave Democrats with a choice here in the Republican-led Senate. | ||
| They can vote for the House plan, which they are posing, because it does have cuts to domestic programs. | ||
| It does nothing to constrain Donald Trump or Elon Musk for the efforts to purge the federal government. | ||
| So they can vote. | ||
| To accept that House plan, which extends government funding until the end of September, or they could line up and do what Chuck Schumer said right there, block this plan, and that could lead to a shutdown. | ||
| And that has actually caused, Casey, a lot of consternation, a lot of concern among Senate Democrats. | ||
| They don't know how long a shutdown could go on for. | ||
| They don't know what Trump would do if their government is shut down. | ||
| Perhaps he could go even further in his efforts to purge the federal workforce and shut down government agencies, which is why a lot of Democrats... | ||
| We're still uncertain, despite Schumer's declaration, whether they would actually stand firm and block this plan or whether come Friday, when we expect that key procedural vote to happen, where they'll vote to advance it and eventually let this become law. | ||
| But if they do that, there'll be a lot of backlash from a lot of Democrats who want to see their party fight in their first piece of leverage against Donald Trump. | ||
| This is the primal scream of a dying regime. | ||
| Pray for our enemies. | ||
|
unidentified
|
Because we're going medieval on these people. | |
| 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 try 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
|
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? | |
| If that answer is to save my country, this country will be saved. | ||
|
unidentified
|
War Room. | |
| Here's your host, Stephen K. Bannon. | ||
| It's Wednesday, 12 March, year of our Lord, 2025. Ladies and gentlemen, that is pre-big news before the President of the United States walks in with the Prime Minister of Ireland. | ||
| It's kind of the traditional St. Paddy's Day. | ||
| Celebration of our culture, etc. | ||
| He's going to do a formal press conference in the East Room. | ||
| Brian Glenn will be there. | ||
| They have not opened up the East Room yet, so we have a few minutes here beforehand. | ||
| We are going to go for the entire press conference, and they always ask great questions. | ||
| Maybe Brian Glenn will get one in, and then we'll come back to the programming and hopefully get Brian Glenn up here. | ||
| So that's all to happen. | ||
| 8 o'clock tonight, Eastern Standard Time. | ||
| We're going to live stream. | ||
| On all of our channels, the debate in Wisconsin for the Supreme Court justice, we recommend everybody come into that. | ||
| Tomorrow, we're actually going to be teed up beforehand with the chairman of the GOP. He's going to break it all down for us. | ||
| We're going to try to get him in before the president comes in. | ||
| Also, tomorrow, we'll have a breakdown in polling afterwards, where that stands. | ||
| And we'll have the ability... | ||
| For you, how you can do out-of-state phone banking. | ||
| We understand the war and posse, phones blown up, people want to go to work, ready to stretch the legs and get back to it. | ||
| So right there, the Democrats, President Trump put them in a box, the House Republicans voted on a CR and then left town. | ||
| Pretty cocky, I kind of dig it. | ||
| Very Trump move. | ||
| And Schumer, as of this morning, the thinking was they were going to get 60 votes to break cloture. | ||
| And to basically say, okay, we'll go to the end of the year. | ||
| We don't like it. | ||
| We'll go to the end of the year. | ||
| But they couldn't get the eight votes they needed, even with Fetterman saying he would vote for it. | ||
| Rand Paul had already said he was going to vote against this. | ||
| I guess they needed eight votes. | ||
| They can't get them. | ||
| And it looks like, unless something huge happens, what they want is a 30-day extension. | ||
| Now, we would say if it was a 30-day extension, if the appropriations bills were anywhere near... | ||
| Where they could be, and I think 75% of the total appropriations has been done. | ||
| We've advocated, hey, pass those bills, work that out, then do a CR for the rest. | ||
| It doesn't look like that's going to happen. | ||
| I don't think President Trump or the Republicans are going to accede to that. | ||
| I think they've already passed that by. | ||
| Right now, if you're a betting man, I think it looks like the government could shut down at midnight, and I will tell you. | ||
| I don't know how you unshut it down, but they're essentially, the Democrats shut down the government. | ||
| Aren't they giving? | ||
| A free hunting license to President Trump and Doge and Elon Musk just to go on and say, oh, here's who is essential and here's who's not essential. | ||
| We hear, and it's not going to happen this afternoon, we know this, but the executive order to essentially take apart kind of on a formal basis the education department, the Department of Education, has not been signed yet. | ||
| So anyway. | ||
| News, I'm going to get back to it. | ||
| The Democrats say, Sherman says he doesn't have the votes, and in not having the votes, it looks like we're heading to a shutdown. | ||
| There'll be a lot more negotiation on that. | ||
| The Senate Finance Committee goes up to see President Trump at the White House tomorrow. | ||
| Goes to the White House tomorrow. | ||
| I think they're talking about the tax bill and reconciliation, but I'm sure a lot's going to happen. | ||
| We also have, all day long, a firestorm on tariffs. | ||
| People don't understand tariffs. | ||
| A lot of nonsense being put out there. | ||
| So we asked the expert of reshoring, Spencer Morrison, to join us. | ||
| I got a slight open for him, a clip. | ||
| Let's go ahead and play it. | ||
| We'll bring Spencer in. | ||
|
unidentified
|
Listen, there's not much criticism. | |
| I think people don't know what he's doing. | ||
| I don't have to think. | ||
| I mean, most people say they don't know what he's doing. | ||
| Speaker Johnson has been defending him, saying that we are effectively, as said, we're in a transition period. | ||
| John Thune, the Senate Majority Leader, keeps saying, you know my view on tariffs, which is he's not a fan of this, but... | ||
| Trump is trying to, you know, reorganize the global order and we should be patient is effectively his message. | ||
| But I will tell you, the market goes down, continues to go down like it's going down now. | ||
| And I'm not talking about it might be up at this moment. | ||
| But if it continues a downward trajectory, members of Congress are going to be nervous because people... | ||
| As I think you noted, Katie, people are not going to be happy if their 401ks or portfolios are going down and they're looking to retire. | ||
| I think that was in the clip that you showed at the top. | ||
| The patience to reorganize the global trade order is just going to wane significantly to the extent it exists now. | ||
| I don't even really know. | ||
| And on top of that, just with all the chaos... | ||
| With government funding and the tax bill and everything that's going on on Capitol Hill, there's just not going to be an appetite for a large-scale trade war, and I think that will start to rear its head in a couple weeks. | ||
| The EU was set up in order to take advantage of the United States. | ||
|
unidentified
|
Including Ireland? | |
| Is Ireland taking advantage of the US? Of course they are. | ||
| I have great respect for Ireland and what they did. | ||
| And they should have done just what they did. | ||
| But the United States shouldn't have let it happen. | ||
| We had stupid leaders. | ||
| We had leaders that didn't have a clue. | ||
| Or let's say they weren't business people, but they didn't have a clue what was happening. | ||
| And all of a sudden, Ireland has our pharmaceutical companies and others. | ||
| This beautiful island of 5 million people. | ||
| It's got the entire U.S. pharmaceutical industry in its grasp. | ||
| And, you know, you mentioned housing and you mentioned other things. | ||
| I mean, I have property in Ireland, as you know, and I love it. | ||
| It does great. | ||
| But I'd like to see the United States not have been so stupid for so many years, not just with Ireland, with everybody. | ||
| You know, I looked at trade deals. | ||
| I was telling the group yesterday, I looked at trade deals. | ||
| In term one, it's one of the reasons I decided I had to do this because somebody had to straighten it out and I didn't see anybody that was going to. | ||
| I looked at trade deals that were so bad, I'd actually say, how is it possible that this could have happened? | ||
| Who would have been so stupid to let these deals happen? | ||
| For instance, when the pharmaceutical company started to go to Ireland, I would have said, that's okay if you want to go to Ireland. | ||
| I think it's great. | ||
| But if you want to... | ||
| Sell anything into the United States. | ||
| I'm going to put a 200% tariff on you, so you're never going to be able to sell anything into the United States. | ||
| You know what they would have done? | ||
| They would have stayed here. | ||
| Okay, Spencer Morrison, the author of Reshoring, and I think America's top expert on tariffs. | ||
| Spencer, your head must have been blowing up the last couple of days, all the nonsense, because it's almost been, for the audience that doesn't have to monitor CNN and MSNBC, Hi, | ||
| Steve. | ||
| Thanks for having me on the show. | ||
| No, President Trump is not crazy. | ||
| What President Trump is doing is he's recognizing that there are two... | ||
| Types of economies that are in conflict, not just in America, but all throughout the world. | ||
| There's the financialized economy, and then there's the productive economy. | ||
| And what President Trump is doing is he's trying to shift America away from a financialized economy, a service-based economy. | ||
| Towards an industrial and a productive-based economy. | ||
| And this is incredibly important, not just for the long-run prosperity of America, but also for its national security. | ||
| I just want to give you a really quick example of the financial economy. | ||
| Spencer, hang on. | ||
| Hang on. | ||
| This is too good. | ||
| This is too good. | ||
| I want to hold it. | ||
| I want to give you plenty of runway, brother. | ||
| Because just in saying that, you've been able to kind of give a construct, intellectual construct in people's minds for the war room posse. | ||
| There's the lords of easy money on Wall Street that want to financialize everything. | ||
| Remember how that worked out for us last time? | ||
| Remember 2008 with the financialization of the mortgages and credit-backed securities and all this esoteric financial instruments that they took hundreds of millions, if not billions of dollars, of fees out? | ||
| And then when it all collapsed because the underlying economy couldn't support it, not one of them, not one of them was ever held accountable. | ||
| They've socialized the risk. | ||
| That's a fancy Harvard Business School term for saying, you, the little guy, the taxpayer pays. | ||
| And they've left unlimited upside for themselves. | ||
| That's a hell of a system. | ||
| That is one hell of a system. | ||
| We could not have created something so perfect for the ruling class in this country. | ||
| This is what President Trump's trying to break. | ||
| Trying to re-industrialize America. | ||
| What Spencer Morrison calls the productive economy. | ||
| With manufacturing, production, and high-value-added, good-paying jobs. | ||
| Short commercial break. | ||
| We're going to return to the East Room. | ||
| But first, Spencer Morrison on Reshoring. | ||
| Next in the world. | ||
|
unidentified
|
Here's your host, Stephen K. Band. | |
| Okay, three pieces of breaking news. | ||
| Number one, the Democrats said they don't have the votes to break cloture. | ||
| It looks like we're going to hurtle towards a government shutdown or some major renegotiation. | ||
| The House is out of town. | ||
| They're gone. | ||
| Captain Bannon's in town tonight for Alex Brusiewicz's gathering over at Butterworth, and there's nobody in the House for her to go hang out with, so they're gone. | ||
| Most of them. | ||
| Also, breaking news is Julie Kelly is going to join us here in a moment about breaking news coming out of the courts, about the federal judge insurrection trying to stop President Trump from executing on his mandate. | ||
| And, of course, all day they've been in complete and total meltdown about the tariffs. | ||
| I'm going to go back to Spencer Morrison in a second. | ||
| Let me get this breaking news from Julie Kelly. | ||
| She's just out of the court. | ||
| Julie, a couple of big cases today, ma'am. | ||
| They're trying to stop Trump in every way possible. | ||
| They're trying to stop his executive orders to hold these law firms accountable. | ||
| The Doge guys found $20 billion that somehow got wired to Citicorp, I think, at the last second. | ||
| They're in that. | ||
| The judges are trying to say the money's got to be released. | ||
| What in the hell's going on? | ||
| And I know these are some of your favorite... | ||
| Judges, because they're in Washington, D.C., on these crazies on the D.C. bench. | ||
| They hate Trump. | ||
| As Mike Davis says, this is a federal judge insurrection against the President of the United States. | ||
| Julie Kelly, what do you got? | ||
| Steve, it's so frustrating because you and I have talked about this for years, not just related to the federal cases against the president that were handled in Washington, D.C., but of course, over 1,000 January 6th cases. | ||
| These judges are out of control, and they have no accountability and no oversight. | ||
| When is this going to end? | ||
| Congress has completely abdicated its role in holding these judges accountable. | ||
| Holding impeachment proceedings for at least the most flagrant violators, which includes Beryl Howell, who today, now who is Beryl Howell? | ||
| She is the former chief judge of the D.C. District Court. | ||
| She was in that role for seven years between 2016 and 2023. She managed as chief judge all of the lawfare against President Trump, starting with Special Counsel Robert Mueller's investigation into phony Trump-Russia election collusion. | ||
| She's acted as nothing more than a rubber stamp for the DOJ, well, until the DOJ went back to Donald Trump in January. | ||
| So she allowed Robert Mueller to get away with whatever he wanted to. | ||
| She then did the same with the grand jury proceedings for Special Counsel Jack Smith. | ||
| In the classified documents case and the J6 case. | ||
| But now what she did, and quite honestly, Steve, this is a clear example of a judge who should have recused herself because she handled the Trump-Russia collusion investigation that originated in the offices of Perkins Coie, | ||
| the law firm that acted as the pass-through between Fusion GPS Who retained Christopher Steele, who made up the dossier, basically, and peddled that around Washington for 2016 and 2017, including at the FBI. She managed that investigation. | ||
| She should have recused herself from the lawsuit that Perkins Coie just filed. | ||
| Seeking a temporary restraining order or to overturn the president's executive order last week that stripped security clearance from everyone at that firm. | ||
| She did not do that and instead today issued from the bench putting on hold a temporary restraining order against the president's executive order stripping Perkins Coie of Their security clearance is just another egregious example of these judges acting solely on their own, | ||
| using whatever excuse they can to overturn Perkins Coie understands this is Trump's war against the big law firms that run the city, that run the imperial capital. | ||
| And he put a shot right across the bow. | ||
| They do understand This is why they're fighting and they're fighting out of the box, Julie. | ||
| They understand this is much deeper than just their security clearances. | ||
| They understand that the next thing, stripping of security clearances, next thing goes to cutting them off of government contracts that these guys live for. | ||
| And Perkins Coy is with Bob Bauer and Mark Elias. | ||
| I mean, this is the demon shop of the demon shop, right? | ||
| That's why they were symbolically chosen as the first. | ||
| But this is what I don't understand. | ||
| Is the judge basically... | ||
| Restricted the President of the United States from somebody... | ||
| How can the Commander-in-Chief be restricted from taking somebody's security clearance away, some institutions? | ||
| He has ultimate authority on all security clearances, doesn't he, ma'am? | ||
| Well, I mean, you would think so, but this is apparently not the conclusion of Beryl Howell, where she basically said, I will be getting the transcript. | ||
| I was following Kyle Chaney at Politico, who was in the courtroom. | ||
| This was one of those proceedings that did not have audio like the other hearing that I covered today in Judge Chutkin's courtroom, but you had to be there. | ||
| So I was following along what Kyle Chaney was saying, and she's making these outlandish. | ||
| Declarations, how seeing the president be able to strip someone of their security clearance just made the hair on her skin raise up. | ||
| She was making, as she always does, all of these editorial comments. | ||
| Directly contradicting what is clearly the president's presidential executive authority to do exactly what he did, not just Perkins Coie, but of course Covington and Burling, the law firm that gave free legal services to Special Counsel Jack Smith. | ||
| And I'm following up on this, but it appears like she is preventing the president's executive order from going through. | ||
| By calling Perkins Coie dishonest and dangerous, which he did. | ||
| But what the Perkins Coie lawyer told Howell today is this is basically a death sentence for Perkins Coie. | ||
| That there would be no way for the firm to stay in business if this executive order holds. | ||
| Oh, baby. | ||
| Baby, I love this even more. | ||
| We want a death sentence. | ||
| And we want a Carthaginian peace. | ||
| We want to salt the earth around it. | ||
| You also, this other big, so President Trump as Commander-in-Chief can't take an institution or a person's security clearance away. | ||
| Okay, I see where they're going. | ||
| Now the other is about, more about money. | ||
| And this is where, you know, President Trump has the empowerment, has the ability to cut the money off. | ||
| Tell me about this, because this thing's kind of murky. | ||
| I think this is $20 billion that ended up in Citicorp in the last days of Biden, who actually gets it. | ||
| Now, people are going to court on that, too. | ||
| Is that correct, Julie? | ||
| Yes, Steve. | ||
| And this is a huge scandal that I will be covering, and hopefully you and I can talk about more. | ||
| This has to be one of the biggest scandals out of the Biden-Harris regime, and that is this $27 billion, quote-unquote, climate fund. | ||
| $20 billion of that. | ||
| Was hidden at Citibank, put at Citibank, our money, under this greenhouse gas reduction fund, $20 billion, put at Citibank November 1st of 2024. Obviously, to not only keep accountability away from Republicans in Congress, but of course, a potential Donald Trump White House. | ||
| That money was granted to only eight non-profits, climate non- Profits, including one that had just been created by Stacey Abrams, who received $2 billion, but the other one, Climate United, and that's who was in court today before Judge Tanya Chutkin, | ||
| another one of our favorites, filed a lawsuit because EPA Administrator Lee Zeldin And DOJ-FBI is investigating that $20 billion fund that's at Citibank right now, froze disbursement of those funds under suspicions of fraud and other criminal behavior, and then canceled, Lee Zeldin announced last night, canceled the contracts with those eight climate nonprofits. | ||
| Now, the one who was in court today, Climate United, led by a former Obama White House official, Packed with Democratic activists and party leaders, they received $6.97 billion, Steve. | ||
| Billion dollars. | ||
| Oh my God. | ||
| Unbelievable. | ||
| The year before, Steve, the year before, this fund was created in June of 2023 and had less than $100,000 in the bank. | ||
| Now they are going to this Judge Chutkin. | ||
| Asking for a temporary restraining order to force the EPA and Citibank to give them the money that they insist is theirs. | ||
| Folks, between USAID and the Citicorp, that's what, $27 billion, $50 billion. | ||
| It's not the philanthropic. | ||
| This is not tithes. | ||
| This is not source. | ||
| This is your tax dollars. | ||
| Going to fund the most radical people. | ||
| Stacey Abrams was on MSNBC the other night yammering on about toasters and energy-efficient refrigerators, and she skimmed $2 billion. | ||
| This is outrageous. | ||
| And you're going to see some of these judges give TROs and try to give them the money. | ||
| Hey, this is going to be fought all the way up. | ||
| The Supremes should get ready, because this is going to be fought all the way up to the top. | ||
| Julie, you're going to drill down, as only Julie Kelly can do on this latter one, because this one's going to be pretty tasty, I think, Julie. | ||
| Oh, it absolutely is. | ||
| And kudos to EPA Administrator Lee Zeldin, who really blew the lid off of this last month. | ||
| Also, Trump's DOJ, including DCUS Attorney Ed Martin, who ordered the freeze of these funds when they found out that it had been sheltered at Citibank. | ||
| Also, the grant agreements changed twice, December of 2024 and about seven days before Inauguration Day. | ||
| The Biden, White House, and EPA changed, made modifications to those. | ||
| Those agreements to make it much easier for these grantees, which are nothing more than a money laundering operation, our money that they take. | ||
| They employ who knows who and then doles this out to what solar panel manufacturers in Arkansas? | ||
| I mean, this is how absurd and scandalous this is. | ||
| I am digging into this. | ||
| We'll continue to do so because this is a huge, breaking, massive, looks like money laundering scheme into the tons of billions of dollars. | ||
| It is. | ||
| What is your social media, ma'am? | ||
| Julie underscore Kelly 2 on X. I covered the Chutkin hearing today. | ||
| And then, of course, declassified with Julie Kelly on Substack. | ||
| You notice you see some of these judges pop up all the time. | ||
| This is how important it is to get our judges in and get them confirmed. | ||
| They're everywhere. | ||
| Julie Kelly, you're a superstar. | ||
| Thank you, ma'am. | ||
| Spencer Morrison on the other side. | ||
| We're going to get back to tariffs before we go live to the East Room with President Donald John Trump. | ||
| He may be moving in now. | ||
| Short break. | ||
|
unidentified
|
There is the East Room. | |
| It's going to come up momentarily. | ||
| Beautiful shot. | ||
| That's the Real America's Voice camera. | ||
| In the East Room, the Prime Minister of Ireland, the President of the United States are going to come in momentarily. | ||
| Spencer, and we're just going to have your voice. | ||
| I want to keep that shot, Denver. | ||
| It's a beautiful shot. | ||
| Spencer, you're going to punch and I'm going to bring you back, but this firestorm that's come up and it's consumed cable television, is it because that the forces that want the financialization of the economy, the neoliberal side of the American economy, they will do anything to talk smack about Tariffs, including lie, bald-faced lies, on television all day long, sir? | ||
| Yeah, absolutely, Steve. | ||
| These people are the same people who for the last 50 years have been neutering America's industry. | ||
| They want America to be weak and easy to control, right? | ||
| So what President Trump is doing is he's imposing tariffs on key items like steel, aluminum, all the things that we need for an industrial, powerful economy. | ||
| And what that's going to do, it's going to shift. | ||
| The balance of power from financial aspects of the economy over to productive aspects of the economy. | ||
| So, for example, machine tools. | ||
| These are the sorts of tools that shape other materials. | ||
| They're the machines that we need to make more machines. | ||
| They're basically the reproduction system of our economy. | ||
| America used to be the leading exporter of machine tools. | ||
| We made all the machine tools. | ||
| Everybody bought American machine tools at the end of World War II. America makes just 7% of machine tools. | ||
| I mean, Italy makes more. | ||
| Italy makes 8% of these, right? | ||
| You think about the size of the economy between America and Italy. | ||
| It's not even close. | ||
| But America's economy is behind Italy's when it comes to creating these really valuable, you know, machinery. | ||
| It's shocking. | ||
| It's shocking. | ||
| Germany makes 15%. | ||
| It's double. | ||
| Double. | ||
| Okay, you're watching the East Room momentarily. | ||
| The Prime Minister of Ireland, the Taoiseach, I think it's pronounced, in Gaelic, is going to enter with the President of the United States, Donald John Trump. | ||
| They're going to have some brief remarks, and then they will take questions. | ||
| Our own Brian Glenn is in the East Room with a Real America's Voice camera crew. | ||
| As soon as the Prime Minister and the President will come through those double doors, as soon as they enter. | ||
| We will go live to the feed. | ||
| So, this back and forth with Canada. | ||
| Talk to me about what happened in Canada today. | ||
| First of all, the premier was going to charge 25% for the hydroelectric power coming to Minnesota, Michigan, and New York. | ||
| Then he said he's going to put a... | ||
| Then he said he's going to cut it off. | ||
| They've gone back and forth now. | ||
| Canada is going to put... | ||
| President Trump went back and said, hey, I'm putting 50% on your aluminum and steel. | ||
| And then today, I think they fired back... | ||
| Is this a way to have a trade war? | ||
| Is it jawboning? | ||
| You're an expert on this, Spencer. | ||
| What's going on? | ||
| Well, I mean, this is really just Canadian politicians scoring election points. | ||
| There's going to be a federal election coming up this year in Canada. | ||
| Everybody's trying to score points. | ||
| And they're scoring these cheap political points at the expense of their own economy and the welfare of their own people. | ||
| Canada has no cards, Steve. | ||
| No cards. | ||
| There's no leverage in a trade war with the states. | ||
| Just think about this. | ||
| Canada exports 10 million tons of steel every year to the states. | ||
| That's 82% of all the steel made in the country. | ||
| President Trump has shut down Canada's industry. | ||
| The voice of Spencer Morrison, he's the author of Reshoring, a new book on bringing manufacturing jobs back to the United States. | ||
| It is exquisite timing. | ||
| I want to talk to Gray Delaney and all the people over, what is it, Calamo, who has just incredible timing on this book. | ||
| Are you, you're using, is this an homage to Donald Trump now that you're using his favorite phrase? | ||
| You've got no cards. | ||
| Zelensky has no cards, that's true. | ||
| Why does Canada have no cards, brother? | ||
| They're providing Minnesota, Michigan, New York with power. | ||
| They've got all this product. | ||
| They've got half the under-the-hood materials, components to Detroit, don't they? | ||
| Whatever Toledo doesn't have. | ||
| They've got up in Canada right there. | ||
| Why do you say they have no cards? | ||
| I know Trump says it. | ||
| Why does Spencer Morrison say it? | ||
| I'll tell you why. | ||
| It's very easy. | ||
| Canada exports 77% of everything. | ||
| Everything that Canada makes for export goes to the States. | ||
| America is the one-stop shop for Canada. | ||
| And you know what? | ||
| Canada even imports more from the states than they buy from them. | ||
| Canada's economy is completely dependent on America's economy. | ||
| You know how we talk about import dependency and America is buying critical products from China? | ||
| The amount that America buys from China is a fraction compared to how dependent Canada's economy is on the states. | ||
| Canada's economy is like one of those little fish that hook onto a shark, right? | ||
| It can't survive on its own. | ||
| So if there's going to be a trade war between the two nations, there's just no way that Canada can win. | ||
| It'd be like... | ||
| California trying to wage a trade war against the rest of the nation. | ||
| Totally makes no sense. | ||
| Okay, we didn't have time. | ||
| We had a clip for you about Walmart. | ||
| I think Walmart, the CEO, was commenting on China. | ||
| They're not particularly happy, as many of these CEOs, of this. | ||
| And I can't still figure out. | ||
| Call me a simple guy. | ||
| I can't figure out if we're at 10% tariffs or if President Trump had another 10% or if we're at 20%. | ||
| I know she knows this. | ||
| What is Walmart whining about today about the China tariffs, and what is your independent assessment, Spencer Morrison? | ||
| Well, China is a distributor of, in general, very low-cost, low-quality goods that are exported from China. | ||
| The entire Walmart business model is predicated upon getting goods from these third world countries and bringing them into the states. | ||
| And they've profited enormously off of this. | ||
| The problem is they've done it off of the back of American industry and American workers. | ||
| In order for the Walmart model to be successful, you have to kill off American industry. | ||
| And that pits them against the welfare of this nation. | ||
| America needs to be a country that builds the future rather than buys it. | ||
| And low-cost wholesalers like Walmart or the financial elites in Wall Street are profiting off of America's demise. | ||
| And it's not good for the country. | ||
| It's not good for our people. | ||
| What we need to do is we need to reshore our industries so that we can revive the American dream. | ||
| Our guest is the author, Spencer Morrison, the author of the new book, Reshoring, which is central about the re-industrialization of America, the policies it's going to take. | ||
| It's very complimentary of President Trump's business model, including tariffs. | ||
| Do you agree with all day long the pulling of Harris saying that President Trump is not messing? | ||
| Let's say the policies are correct, and they don't agree with the policies, but they say the messaging is even worse. | ||
| Between Lutnik, Navarro, the president, Besant, as you know, we're very close to some of these guys. | ||
| What's your independent assessment? | ||
| Is this being messaged correctly, sir? | ||
| Well, I think there's two messages that are going out. | ||
| There's the message that President Trump is speaking to the ordinary common people, and that message is very, very well received. | ||
| People love the president. | ||
| People have voted for this president like no one in history, and I think they trust him to do the right thing. | ||
| I mean, President Trump is a business mogul. | ||
| He knows how to make good deals. | ||
| I think everybody implicitly recognizes that. | ||
| But there is a very big disconnect between The ordinary people who sort of, on a common sense basis, understand tariffs and understand that we've got to bring the factories back because it's their jobs, it's their lives that are being offshored. | ||
| But there's a big disconnect between them and this sort of academic elite. | ||
| And the academic, the financial elite, they hate President Trump and they don't want to listen to his message on tariffs. | ||
| And the reality is that it's just not being communicated to these people because there's very few people who are a part of America's sort of intellectual elite who know anything about tariffs. | ||
| There's just no one writing about it. | ||
| Well, let's talk about that for a second because all day long, even my brother Eric Bolling says because he came out of Fox, he says, hey, I love some of the tariffs but I don't like part of it. | ||
| All day long, they're saying, this is a tax on the American people. | ||
| This is a tax on the American people. | ||
| This is a tax on the American people. | ||
| The consumer is going to suffer. | ||
| This is terrible for the consumer. | ||
| President Trump doesn't care for the little guy. | ||
|
unidentified
|
What say you, sir? | |
| America was at its most prosperous when our tariffs were the highest. | ||
| Everybody knows that. | ||
| That's a point of financial history. | ||
| It can't be overstated enough. | ||
| The decline of America's industrial output... | ||
| The decoupling between wages and productivity, all of this happened after 1974 when the tariff walls were abandoned, when the gold window was closed, and our factories were being offshored to all sorts of countries. | ||
| I mean, you look at the American economy since 2001 when China joined the World Trade Organization. | ||
| We need to protect Main Street. | ||
| We need to protect small businesses. | ||
| We need to protect American manufacturers. | ||
| Because the reality is that local productive assets in the States Can't compete with the likes of China, who are using slave labor, who are poisoning their water supplies, who are engaging in all sorts of trade practices that we don't do, like dumping and giving bad loans to corrupt businessmen. | ||
| I mean, these Chinese companies, Steve, you have to remember, they're an arm of the state. | ||
| They can run negative balances for 20 years. | ||
| And they don't go out of business because the Chinese government knows that once all the American companies are dead, China's going to move in and they can jack up the prices and make all the profits back that they've foregone for 20 years. | ||
| That's what Japan did to us with the karyotsu model in the 1980s. | ||
| It worked then. | ||
| It's working now. | ||
| And America's political elites just haven't learned. | ||
| This is – Spencer brings up a great point. | ||
| This is in President Trump's first term with Bob Lighthizer and Peter Navarro. | ||
| Early work by myself and Stephen Miller. | ||
| Bye-bye, Harris. | ||
| I finally got, in the May of 2019, the deal that had seven different, it cured the seven original sins of the Chinese Communist Party's state capitalism and authoritarian model, which, quite frankly, the elites in the United States kind of copied. | ||
| But we had a deal that had been negotiated for a year and a half, virtually every day. | ||
| By the way, you see some movement there at the front, the military aid. | ||
| We are going to jump. | ||
| Our guest is Spencer Morrison. | ||
| The book is reshoring. | ||
| We're going to jump live to the East Room as soon as there's some movement from the Prime Minister of Ireland and the President of the United States. | ||
| What Spencer's talking about is that Lighthizer and Navarro had hammered out with Vice Premier Lee He over 18 months, almost a two-year period, a deal that actually took care of this and or began to take care of this. | ||
| Of the excess capacity of state-owned industries, the ability of those state-owned industries to basically drive down prices. | ||
| And that deal was not accepted by Xi and Juan Xixiang at the last second. | ||
| And that's the same month, folks, that they declared a people's war against the United States of America. | ||
| This is when warfare really started. | ||
| Political warfare, cyber warfare, unrestricted warfare. | ||
| People's War Against the United States of America. | ||
| I said we've been at war with the Chinese Communist Party for a number of years. | ||
| Spencer, reshoring itself. | ||
| Talk to me, how complicated is that? | ||
| I love the title. | ||
| I love the hook. | ||
| And you've seen Apple come in at $500 billion of capital investment here to bring factories and jobs back. | ||
| You've seen Taiwan manufacturing $100 billion four years in Arizona. | ||
| You've seen, I think today, Asahi Brewery. | ||
| Going to be in Wisconsin. | ||
| Making Asahi Super Dry. | ||
| In those days long ago, when I used to have a beer every now and again, I loved Asahi Super Dry. | ||
| It's amazing. | ||
| They said they're going to build a big facility here in the United States of America. | ||
| You've got Honda. | ||
| You've got Siemens. | ||
| You've got every category. | ||
| Everybody's bringing jobs back. | ||
| Is that reshoring? | ||
| Is that foreign companies coming and putting... | ||
| Well, Steve, I think it's a bit of both. | ||
| I mean, ultimately, big companies and hedge funds, they're going to respond to economic incentives. | ||
| And if there's a huge disincentive to investing in building factories abroad, because you're going to have to pay a really big tax when you bring the products back into America. | ||
| It just doesn't make any financial sense for them to do that. | ||
| I mean, very few businesses are going to go and open a factory in China if they know that they have to pay 25% to bring their products back into the States. | ||
| It's just not going to happen. | ||
| America is the biggest consumer market in the history of this world, and we can use that buying power to build the most productive economy in the history of this world. | ||
| Spencer, hang on for one second. | ||
| Can you hang with me? | ||
| I think we're going to get some movement here. | ||
| Can we cut live? | ||
| Let's cut live right now to the East Room. | ||
| room. | ||
|
unidentified
|
Here we go. | |
| Well, thank you very much. thank you very much. | ||
| It's a great honor. | ||
| Great people. | ||
| A lot of Irish friends right there. | ||
| A lot of very, very good Irish friends. | ||
| But thank you all for being here. | ||
| Even though it's still a few days away, I want to be the first to wish each and every one of you a very happy St. Patrick's Day. | ||
| It's a big day. | ||
| And as a lifelong New Yorker, nobody knows the Irish better than me. | ||
| I know too much about the Irish. | ||
| So let me begin by saying I really do. | ||
| I love the Irish. | ||
| I've had great, great friends over the years, and I love the Irish. | ||
| Special people. | ||
| And I've been to Ireland many times. | ||
| I have a lot of property in Ireland, actually, and it does very well, so I like it. | ||
| If it didn't do well, I wouldn't like it. | ||
| But I'm always struck by the awesome beauty of the Emerald Isle and the strength and warmth and grit and grace of the Irish people. | ||
| Very few. | ||
| People can compare. | ||
| Today we're delighted to welcome Taoiseach Mahal Martin, a very special man doing incredibly well and very popular, and his beautiful wife, Mary. | ||
| And I want to thank you both for being here, the first official visit to the White House. | ||
| So thank you very much for being here with us. | ||
|
unidentified
|
Thank you. | |
| Thank you. | ||
| I also want to extend a special welcome to Ireland's ambassador to the United States, Geraldine Boom. | ||
| Where are you, Geraldine? | ||
| Here you are, Geraldine Byrne Nation. | ||
| And you're going to be working with this gentleman right here. | ||
| He's a very great golfer, one of the best golfers that you'll ever see. | ||
| He'll be playing golf all day long. | ||
| He'll take clients out to play golf. | ||
| But he's won many, many club championships. | ||
| And Ed Walsh. | ||
| Congratulations. | ||
| Great. | ||
| It'll be great. | ||
| We're grateful also to be joined by the members and many members of our cabinet, proud Irish-Americans, Sean Duffy and Robert F. Kennedy, Jr. Where's Robert F. and Sean? | ||
| Hi, Bobby. | ||
| I knew that, let's see, Duffy we knew and Kennedy we knew. | ||
| Some of you, I wasn't sure. | ||
| Pam Bondi, I don't know. | ||
| Are you Irish? | ||
| Are you Irish? | ||
| I don't know with that name. | ||
| I can't even figure that out. | ||
| She's doing a hell of a job, I'll tell you. | ||
| That Attorney General Pam Bondi, Secretary of Energy. | ||
| Secretary of Energy, Chris Wright. | ||
| Now, you're doing a good job. | ||
| You see, the oil is going down. | ||
| It's going down. | ||
| $65 a barrel today. | ||
| You're doing better than I even thought, because everything else is going to be coming down with it. | ||
| All those expensive goods that you had to suffer with for four years are all coming down. | ||
| Energy leads the way. | ||
| Thank you. | ||
| Good job you're doing with our friend, right? | ||
| HUD Secretary Scott Turner. | ||
| You're not Irish, Scott. | ||
| We're Scott. | ||
| Give me a break, Scott. | ||
| I want to be politically correct and not mention it, but I'm going to say, how much Irish do you have in you, Sean? | ||
| I don't know. | ||
| He said zero. | ||
| That's right. | ||
| Secretary of Veterans Affairs, Doug Collins. | ||
| Thank you, Doug. | ||
| You're Irish. | ||
| EPA Administrator, Lee Zeldin. | ||
| He's one of the most important guys. | ||
| He's going to get those approvals. | ||
| A nuclear power plant will take less than two weeks to get approved. | ||
| Right, Lee? | ||
|
unidentified
|
Huh? | |
| It used to take 15 years. | ||
| We're going to do it in a couple of weeks. | ||
| U.S. Trade Representative Jameson Greer. | ||
| Where are you, Jameson? | ||
| Jameson Greer. | ||
| Thank you, Jameson. | ||
| And I also... | ||
| There's a very special man here that I've been watching a long time. | ||
| One of the greatest dancers ever in the world. | ||
| Michael Flatley is around here someplace. | ||
| There's nobody like this guy. | ||
| Great, Michael. | ||
| I've watched him. | ||
| Radio City, I've watched you a lot, Michael. | ||
| His feet, the way they moved. | ||
| I don't know how the hell you do it. | ||
| Can you still dance like that, or is Father Time caught up? | ||
| You know, Father Time has never lost. | ||
| You know that, right? | ||
| But you're doing great. | ||
| You look fantastic. | ||
| Also with us are representatives John McGuire. | ||
| John. | ||
| Hi, John. | ||
| Good. | ||
| Bill Heisinger. | ||
| Bill, thank you. | ||
| Ronnie Jackson, Doc Ronnie, as I call him, even though he's a congressman. | ||
| Special guy. | ||
| John Joyce. | ||
| John. | ||
| Thank you, John. | ||
| David Joyce. | ||
| David. | ||
| Thank you. | ||
| And Guy Ressenshthaler. | ||
| You know that Ressenshthaler. | ||
| That's actually the way you pronounce it, you know. | ||
| Nobody else gets it right. | ||
| I got it right, but it's up. | ||
| It's a hell of a name. | ||
| Despite that, he's very successful at what he does, which is politics. | ||
| And he's a great guy. | ||
| Thank you, Guy. | ||
| We have come together to this beautiful White House this evening for the annual shamrock ceremony, a living symbol of the long and unique friendship between Americans and the Irish. | ||
| And we're always going to have that friendship, just like we have a great friendship. | ||
| We'll always have that very special friendship. | ||
| This wonderful tradition dates back to... | ||
| 1952, when the first Irish ambassador to the United States sent President Truman a box of shamrocks as a gesture of goodwill. | ||
| Do you hear that, Walsh? | ||
| The first. | ||
| You're not the first. | ||
| I don't know what you are. | ||
| What number are you? | ||
| Do you have any idea? | ||
| It's been a long time, right? | ||
| Let's see. | ||
| I could figure it out pretty easily. | ||
| The bond between our nations is the old America itself, and it is as old as our country. | ||
| So many Irish volunteers risked their lives in the American Revolution, and George Washington described Ireland as, quote, the friend of my country in my country's most friendless day, meaning Ireland stuck with us when we were not doing so well, when it was looking pretty bad. | ||
| Irish heritage gave us the boldness of Andrew Jackson. | ||
| I didn't know Andrew Jackson was Irish. | ||
| The brilliance of F. Scott Fitzgerald. | ||
| Henry Ford and Walt Disney and the leadership of the late, great President Ronald Reagan. | ||
| It was men and women of Irish descent who built the hallowed halls of Notre Dame University. | ||
| Notre Dame is great. | ||
| What a great place. | ||
| The legend of the Boston Red Sox and the golden arches of McDonald's. | ||
| That's right. | ||
| Today, one in every ten Americans trace their roots back to the old country. | ||
| We're discussing we have five million people living in Ireland, but we have 35 million people living here, right, of Irish descent. | ||
| That's a pretty interesting statistic. | ||
| I'm looking at all these great dancers over here. | ||
| You are very beautiful. | ||
| Are you all great dancers, right? | ||
| Look at that. | ||
| Young, great dancers. | ||
|
unidentified
|
Wow. | |
| That's great. | ||
| Did you perform for the group before? | ||
| Because I heard somebody was doing really fantastic. | ||
| They said these people are fantastic. | ||
| I didn't get to see you. | ||
| Do you want to do it again? | ||
| We might have them do it again. | ||
| I heard you did a fantastic job. | ||
| Thank you. | ||
| As we celebrate Irish American Heritage Month, we're grateful to be joined by hundreds of these proud patriots right here today. | ||
| And I know from personal experience that many of the... | ||
| People that we have here, they're just fierce. | ||
| They have fierce Irish flame, we call it. | ||
| You never give up. | ||
| You never, ever give up. | ||
| Oh, I even see Don. | ||
| Hello, Don. | ||
| You are definitely Irish, Don McGann. | ||
| You are definitely an Irishman. | ||
| There's no question about that. | ||
| But you never give up. | ||
| We will never give up ever, right? | ||
| For the young ones, ever. | ||
| Because you never know what's going to happen, you know? | ||
| Just a little bit more effort and you get there. | ||
| Look at what happened to me. | ||
| A lot of people said this was not a possibility. | ||
| They said that was going to be a tough race, and we won in a landslide, and let's keep it that way, right? | ||
| We're having a great time bringing our country back and bringing it back at a level that people had no idea was going to take place this rapidly, this quickly. | ||
| And a lot of our great people that are secretaries and the people working in the administration are here and they're doing a fantastic job. | ||
| So I want to thank all of you. | ||
| Five blocks east of where we are today, that spirit once helped save the very heart of the city's Irish-American community. | ||
| You all know about it. | ||
| During the War of 1812, British forces rampaged through the streets of Washington, burning every building in their path. | ||
| Every single building was being burned down. | ||
| Almost everyone fled, but not Father William Matthews of St. Patrick's Church, which was built to serve the Irish workers who came to build the Capitol and the White House. | ||
| They were building the White House, and they formed a great bond. | ||
| And they were doing pretty important buildings, the White House and the Capitol. | ||
| I would say that's about as good as it gets. | ||
| As the fire spread, the priest and the group of his parishioners said that We're just going to have to barricade ourselves in. | ||
| We're going to have to do something because it's really bad. | ||
| It's really dangerous in here. | ||
| And inside the church, they climbed to the roof, armed with only buckets of water. | ||
| That's the only thing they had. | ||
| And the other thing they had was faith in God. | ||
| They had a big faith in God. | ||
| They said, God will never do this to us. | ||
| Risking their lives, they defended the church, and more than two centuries later, St. Patrick still stands as a beautiful testament to their incredible resolve and bravery, and the patron saint of the Emerald Isle, and that's what it is, St. Patrick. | ||
| So we have St. Patrick's Day, and we remember their courage, and we honor the bravery of countless Irish Americans who have kept our country safe, strong, prosperous, and free. | ||
| I made a little talk with my friend right behind me before at the Capitol, and they gave me one statistic that they don't have here. | ||
| I thought it was an amazing statistic. | ||
| Fifty percent of the people that won the Congressional Medal of Honor were Irish. | ||
| Can you imagine? | ||
| And I want to check on that. | ||
| Because that sounds to me... | ||
| No, it's just that. | ||
| Pam, would you please have that investigated? | ||
| How is that possible? | ||
| Seriously, how is that possible? | ||
| I was very surprised to see that, Mary. | ||
| Would you agree that that's possible? | ||
| Would the Irish anything? | ||
| No, think of it. | ||
| The Congressional Medal of Honor is the highest award you can get in this country. | ||
| And 50 percent, although you also have the Presidential Medal of Freedom, but I will say the Presidential Medal of Freedom... | ||
| It's much easier to... | ||
| I mean, you know, you get it for achievement in something, but you don't have to take many, many bullets, although there has been one bullet that was... | ||
| There's been one bullet that was not too good. | ||
|
unidentified
|
I'm the only one, the presidential, that got that. | |
| But think of that. | ||
| Fifty percent of the people that receive the congressional... | ||
| Battle of Honor had Irish heritage and were involved in some form with the Irish, and that's pretty good. | ||
| That's a pretty big statement. | ||
| In closing, I want to remember one more Irish-American patriot our nation lost this week. | ||
| In 1979, Anthony R. Dolan, some of you know that name. | ||
| A lot of the people that work in the White House know it very well, became the youngest ever Pulitzer Prize winner for his reporting on government corruption in Stamford, Connecticut. | ||
| In 1981, he became the chief speechwriter to President Reagan, whom he served for eight years. | ||
| That's a long time. | ||
| That's the full time. | ||
| Eight years. | ||
| Coining the phrase, evil empire. | ||
| That was his word. | ||
| That's a very famous... | ||
| People aren't here. |
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