April 1, 2025 - Bannon's War Room
57:52
Participants
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| Speaker | Time | Text |
|---|---|---|
|
unidentified
|
Well, if you think of it, if Ticketmaster sells a ticket, if you buy a ticket and go to a show, you're in a lot of ways their worst customer. | |
| They make another 17 whatever percentage every time that ticket resells so they don't want to enforce the box act necessarily because they're making more money off it. | ||
| The artists don't see any of that money but that's not what I'm advocating for is for me to make more money. | ||
| I want the fans to have fair ticket prices be able to go and enjoy more shows. | ||
| I know people that can only they decide on a family vacation or going to their favorite concert once a year rather than you know appearances you go see multiple shows when you can afford them back in their day. | ||
| And I'd like to take my ticket prices lower but if I set my ticket prices low these bots immediately eat them up. | ||
| Well, I think this is a big step to getting it stopped. | ||
| Do you have something? | ||
|
unidentified
|
That the consumer is going to take the money that they saved and actually buy merch, which you guys have a big percentage of, or do concessions, which you guys split with the venue on that as well. | |
| So I think their money goes for it. | ||
| We don't share concessions a lot. | ||
| No? No, we try to, but they don't want to share the beer prices and parking or any of that stuff. | ||
| But the bottom line is there's money for everyone to be made. | ||
| There's plenty of money to go around. | ||
| No one's going to really lose here. | ||
| Ticketmaster, if we can get a cap, they're going to lose some money, but I've already talked to CEO Michael. | ||
| He's given me his word. | ||
| He's on board for it. | ||
| I was talking to Jacobi with Papa Roach earlier, and by the way, he's a big fan of what you're doing, President Trump, digging into this whole scalping and the bops. | ||
|
unidentified
|
A lot of musicians, you can say that, they're with Kid Rock, sir. | |
| Good. Without a doubt. | ||
| A lot of people are. | ||
| President Trump, would you ever wear a jacket like that? | ||
| I don't know. | ||
| I was thinking about doing it for tomorrow. | ||
| We have a big event coming up, and I was thinking about doing it, but I'm not sure. | ||
| So, you recently bought a Tesla for White House staff to use, but now there's all these domestic terrorists targeting Teslas. | ||
| Are the staff scared to drive it? | ||
| I don't think so. | ||
| I haven't heard. | ||
| They weren't complaining. | ||
| I did buy one, and I let the staff use it. | ||
| We have it parked conveniently, and one day we give it to Margo, one day we give it to Chamberlain. | ||
| Give it to Natalie, we give it to everybody around. | ||
| Give it to Dan Scavino, but he's got so much money it doesn't matter. | ||
| But they love the car, and it's a great car, and it's made here. | ||
| It's made in the country. | ||
| It's got a tremendous plant now in Texas, and he has one in California. | ||
| He does a lot of his work here. | ||
| And he's been really unfairly treated, in my opinion. | ||
|
unidentified
|
I'd drop him. | |
| And there's this other story. | ||
| I know it's hypothetical right now, but if you were allowed, for some reason, to run for a third term, is there a thought that the Democrats could try to run Barack Obama against you? | ||
| I'd love that. | ||
| For his third term? | ||
| Boy, I'd love that. | ||
| That would be a good one. | ||
| I'd like that. | ||
| I know people are asking me to run, and there's a whole story about running for a third term. | ||
| I don't know. | ||
| I never looked into it. | ||
| They do say there's a way you can do it, but I don't know about that, but I have not looked into it. | ||
| I want to do a fantastic job. | ||
| We have four years, just about, almost close to four years. | ||
| Time is flying, but it's still close to four years, and we're getting a lot of credit for having done a great job in the first almost 100 days. | ||
| And we have some big things we're going to be announcing over the next two days that you know very well, Peter, and I think it's going to be something that's going to bring A lot of wealth back to our country. | ||
| Tremendous wealth back to our country, actually. | ||
| And other countries are understanding it because they've been ripping us for 50 years longer, but they've been ripping us off for years, right from the beginning. | ||
| And I think this is going to be an amazing, you know, I call it a lot of different names, but it's really, in a sense, it's a rebirth of a country. | ||
| Because what, how we could have afforded to do what we did, we helped everybody. | ||
| And They don't help us. | ||
| I really, the term I like best probably is the liberation of America. | ||
| It's the liberation of this country because it's incredible. | ||
| Look, we have 36 trillion in debt for a reason. | ||
| And that accumulates over a long period of time. | ||
| So I think what you're going to be seeing over the next couple of days will be very inspiring to a lot of people. | ||
| You know, they had A lot of auto plants being built in a certain country. | ||
| I don't want to mention the country, because we get along great with the country, but those plants aren't being built there anymore. | ||
| They gave them up today and yesterday, day before, and they're building them all now in the United States. | ||
| And we have many examples, not only auto plants. | ||
| Chip companies from Taiwan are coming in. | ||
| The biggest, Mr. Wei, he's big. | ||
| I said, you are a smart guy, aren't you? | ||
| I've been reading about him over the years, but He controls a large portion of the chip business, as you know. | ||
| You don't get smarter. | ||
| They're going to be investing $200 or $300 billion. | ||
| Apple's investing $500 billion. | ||
| You know, they always built their places in China. | ||
| Now he's building here. | ||
| I think because of the — you speak to Tim Cook — because of the election, but maybe more importantly because of the tariffs. | ||
| He's got really an obligation to do it. | ||
| But we have many, many companies that you haven't even heard of. | ||
| But I think we'll be at a Five trillion dollars very soon. | ||
| And if you think about this, we've never been anywhere near that. | ||
| I don't know if we've ever been at a trillion dollars. | ||
|
unidentified
|
What do you mean by that? | |
| Five? Five hundred. | ||
| What do I mean by a trillion? | ||
|
unidentified
|
Five trillion. | |
| What are you referring to, sir? | ||
| I think that we're going to be at five trillion dollars of investment. | ||
| I think you're going to have investments very shortly. | ||
| We're already three and a half and we have commitments, verbal commitments for a lot more. | ||
| And numbers like that have never been done in this country. | ||
| And it's going to get harder. | ||
| This is in two months. | ||
| It's really in less than two months, because since we've really gone out with it. | ||
| And we have other interesting things happening. | ||
| But to me, the whole tariff situation. | ||
| And essentially, they've done that to us for many years. | ||
| So if we're anywhere near $5 trillion in two months, this could be numbers like the country has never seen. | ||
| And every time you hear a dollar spent, that's another job, because the jobs are coming with it. | ||
| Uh, auto plants, chip plants, pharmaceuticals, lumber coming in. | ||
| Uh, we have things happening in this country. | ||
| I don't think, I'm not sure that they've ever seen it. | ||
| Steel, you know, we have tariffs on steel. | ||
| They've been here for a while. | ||
| Steel and aluminum. | ||
| Uh, nobody's ever seen anything like we're witnessing now. | ||
| Nobody's ever seen. | ||
| I think you, most of you agree with that. | ||
| I mean, it's nothing much you can't agree with. | ||
| Uh, we have, Things happening in terms of jobs and investment, the likes of which I don't think we've ever seen. | ||
| If you look at, let's say, $4 to $5 trillion in a period of a month and a half, that's even more than you do with your concerts, which are always sold out, right? | ||
| Nobody's ever seen numbers. | ||
| And think of it where Apple's at $500 billion, as I said, but they always used to spend that money in China. | ||
| Now they're spending it here. | ||
| That means they're going to... | ||
| They don't have any cash. | ||
| Remember, there are no tariffs if you do your product here, if you build whatever it is in the USA. | ||
| One of the things we're also trying to get is if you build, if you buy a car that was built in the USA, you get a deduction on interest. | ||
| So if you go out and borrow money to buy a car, if it's built in the USA, never been done before, it's a big deduction for people that really aren't used to deductions, frankly. | ||
| Because people that buy cars like that are not big into the world of deductions. | ||
| And now they're going to learn about deductions. | ||
| So I think it's going to be great. | ||
|
unidentified
|
Yes? Mr. President, are you going to move ahead with a universal tariff or different individual tariff rates on a whole variety of different cars? | |
| Well, you're going to see in two days, which is maybe tomorrow night or probably Wednesday, you're going to see. | ||
| And they're reciprocal. | ||
| So whatever they charge us, we charge them. | ||
| But we're being nicer than they were. | ||
| We have a lot of countries, friend and foe. | ||
| I always say friend and foe, but the friend in many cases is worse than the foe. | ||
| They took advantage of us. | ||
| And we are going to be very nice by comparison to what they were. | ||
| The numbers will be lower than what they've been charging us. | ||
| And in some cases, maybe substantially lower, but we sort of have a world obligation, perhaps. | ||
| But we're going to be very nice. | ||
| Relatively speaking, we're going to be very kind. | ||
|
unidentified
|
Mr. President, you met with the chairman... | |
| Somebody said that about me the other day. | ||
| He said, who doesn't know me very well, they said, you're such a kind person. | ||
| And I said, say that again. | ||
| They said, you're a kind person. | ||
| I said, I've never heard that before. | ||
| It was a weird saying, but I was kind. | ||
| I've heard of words that, I don't know, I better not tell you. | ||
| You know, I've heard of... | ||
| I've been called a lot of things, but it's sort of a different kind of a word. | ||
| It's like an old-fashioned word, isn't it? | ||
|
unidentified
|
Mr. President, you met with the chairman of Stellantis today. | |
| Yes. Did he ask you for a pause on the auto tariffs? | ||
| No. What was that meeting about? | ||
| Just about some of the problems they have with the environmental, which we're going to clean up. | ||
|
unidentified
|
Have any of the automakers... | |
| We're going to probably go back to 1920s. | ||
| If you look, we're going to go back probably to a 2020 standard. | ||
| So we'll have 2020 standard and that's, you know, just a few years ago. | ||
| Oh, they're putting, they're making it so difficult. | ||
| All over the world they're making it. | ||
| It doesn't mean a damn bit of difference even for the environment. | ||
| It doesn't matter. | ||
| They make it impossible for people to build cars. | ||
| So we're going to be doing much different. | ||
| 2020 is a strong standard, but they've taken it to a level now that, you know, makes it very difficult to build a car. | ||
| So we're going to be, we're going to be bringing it back to A standard that is a very good environmental standard, but it makes it possible to build it. | ||
|
unidentified
|
Have you heard any concerns from the automakers, though, about the tariffs on parts that will go into effect over the coming weeks? | |
| About what that's going to mean for the price of American-made parts? | ||
| Well, I gave them a big break for a month. | ||
| I didn't charge them anything, you know, for a big month, for that first month. | ||
| And they brought a lot of material into this country because they could bring it in without tariff. | ||
| If you look at Canada and Mexico, they were driving hundreds of thousands of cars into the market. | ||
| Because they avoid the tariffs by doing it before the tariffs go on, which would be Wednesday. | ||
| And I looked at some of your shows where cars are lined up for miles and miles. | ||
| Some of them didn't have fenders on them. | ||
| Some of them didn't have the roof on yet. | ||
| They're driving it here brand new. | ||
| They're driving it in because they want to avoid the tariffs. | ||
| I let them have that. | ||
| They sort of took advantage of it because, you know, that wasn't part of the deal, but that's okay. | ||
| Are there any countries... | ||
| American car companies and car companies. | ||
| And so I gave them a little break on that. | ||
|
unidentified
|
Are there any countries that you're not targeting for Wednesday? | |
| Well, it depends. | ||
| You know, I said it's reciprocal. | ||
| Not everybody has made a fortune, but almost everybody has, but not everybody. | ||
| And the ones that haven't, we're going to be very nice to them. | ||
|
unidentified
|
And on a separate issue? | |
| Because that word reciprocal is very important. | ||
| What they do to us, we do to them. | ||
|
unidentified
|
Okay. Can I just ask you briefly on President Putin? | |
| You said over the weekend or indicated over the weekend some frustration with him. | ||
| How serious are you about imposing oil sanctions? | ||
| No, I want to see him make a deal so that we stop Russian soldiers and Ukrainian soldiers and other people from being killed. | ||
| But mostly it's Russian and Ukrainian soldiers. | ||
| They're losing at least 2,500 human beings, beautiful human beings, a week. | ||
| And I want it to stop. | ||
| And some people would say, why do you worry about Russian soldiers or Ukrainian soldiers? | ||
| I worry because it's like, they're just like you people. | ||
| They're like us. | ||
| They're like all of us. | ||
| And I seem to have an ability to do those things. | ||
| And if I can do that, I think it's a very worthwhile thing to do. | ||
| I think we will. | ||
| No, I want to make sure that he follows through. | ||
| And I think he will. | ||
| I don't want to go secondary tariffs on his oil. | ||
| But I think, you know, it's something I'm I would do if I thought he wasn't doing the job. | ||
| I did it with Venezuela. | ||
| Secondary tariffs. | ||
| And you know what happened? | ||
| Every boat left the harbor. | ||
| Did you see that? | ||
| It was a beautiful thing to see. | ||
| The whole harbor emptied out. | ||
| My words weren't even finished. | ||
| I have these massive, these massive ships. | ||
| They're actually taking the hoses and dumping them into there. | ||
| They couldn't get out of there fast enough because they know I don't play games. | ||
| So I think he's going to live up to what he told me. | ||
| And I think he's going to fulfill his part of the deal. | ||
| Now, then you have Zelensky and hopefully he's going to live up. | ||
| I see he's trying to renegotiate the rare earth. | ||
| You know, we did something because, as you know, the Europeans get paid back the money that they gave. | ||
| And we don't because Biden is an incompetent president. | ||
| And he should have asked for rare earth or he should have asked for the loans to be guaranteed in some form. | ||
| That's what Europe did. | ||
| Europe is in for a hundred, probably a hundred billion dollars. | ||
| And we're in for 350 billion. | ||
| So we're in for more than three times. | ||
| And now you could make it a little bit less than that, but it doesn't matter, whatever the number. | ||
| We're in for substantially more than Europe. | ||
| We could be in for 350 billion. | ||
| They have no idea because Biden wasn't a good bookkeeper except for himself. | ||
| And what happens is we made a deal for rare earth. | ||
| It was all done. | ||
| And I heard through you, I haven't spoken to them yet, but through you, I heard that they're now saying, well, I'll only do that deal if we get into NATO or something to that effect. | ||
| Well, that was never number one discussed. | ||
| Number two, I think it's going to be very long before Putin. | ||
| They said you're not going into NATO. | ||
| And it could be. | ||
| That's probably the reason the war started, actually. | ||
|
unidentified
|
An hour away from a very special election. | |
| Wisconsin, Florida, would share your thoughts on Republican voters to not sleep on this. | ||
| Yeah. Very important race. | ||
| Well, it's a big race. | ||
| Supreme Court race in Wisconsin. | ||
| It's taking place essentially as we as you know, as early voting. | ||
| So we'll see what happens. | ||
| It's a big race. | ||
| I love Wisconsin. | ||
| We won Wisconsin. | ||
| Republicans typically don't do very well in Wisconsin, but I did. | ||
| I actually won it twice. | ||
| I actually probably won it three times to be exact. | ||
| Not probably. | ||
| I won it three times. | ||
| We had a rigged election the second time, but that's, you know, one of those things. | ||
| We had to make this one too big to rig. | ||
| Would you agree with that, Brian? | ||
| Too big to rig? | ||
|
unidentified
|
Yes, sir. | |
| So anyway, but yeah, there's a big race that I hope you get out and vote for the Republican. | ||
| The woman is a radical left lunatic. | ||
| And let's see who wins, but the woman will be very bad. | ||
| And, you know, Wisconsin's a big state politically. | ||
| And the Supreme Court has a lot to do with elections in Wisconsin. | ||
| So if Whoever it is that's running, including, you know, even Senate races, etc. | ||
| But whoever it is in four years that runs, having Wisconsin is a very big deal. | ||
| We want it early and big, but winning Wisconsin is a big deal. | ||
| So therefore, the Supreme Court choice is the one you're talking about right now. | ||
| It's a big race. | ||
| It's going to be announced fairly shortly. | ||
| Big League deadlines, you got Liberation Day and the TikTok deadline. | ||
| Yeah, we do, which I can extend if I want, but we have a lot of enthusiasm for TikTok. | ||
| We're buying it. | ||
| I think TikTok is good. | ||
| I used it very, I was a, I was a great TikTok guy and we won by 36 points, the youth. | ||
| You know, we won the youth, which Republicans don't do. | ||
| Maybe it's because Kid Rock likes Trump. | ||
| I don't know, but we won, we won the youth by 36 points and I attribute some of that to TikTok. | ||
| Is the TikTok deal, the negotiations now, tied to a bigger tariff deal with China? | ||
| No, but you know it could be. | ||
| I mean, you know I've used tariffs for lots of different reasons, but I could see, you know, one point in tariffs with China, big country, would be probably worth more than all of TikTok. | ||
| As valuable as TikTok is, it's big stuff. | ||
| So there's a great example. | ||
| That's a great question, actually. | ||
| I'm a very flexible person. | ||
| I could use that for that. | ||
| Like, maybe I'll take a couple of points off if I get approvals for something. | ||
| I haven't done it. | ||
| Maybe I'll do it. | ||
| Maybe I won't. | ||
| But it's a very good question. | ||
| Peter, you're very good. | ||
| Thank you. | ||
| You'll love this one. | ||
| Go ahead. | ||
| It's not front page news, but I am just curious. | ||
| What is your thought about Tiger Woods now becoming part of the broader Trump family? | ||
| Well, I love Tiger and I love Vanessa and They had a great relationship. | ||
| I happen to think the relationship with my son, I think, I happen to think the relationship was hurt very badly by the witch hunt that went on. | ||
| Russia, Russia, Russia, and all the crap that they put Don through. | ||
| Who knew nothing about it? | ||
| But Vanessa and Don had a very good relationship. | ||
| They have incredible children. | ||
| Five incredible children. | ||
| All good athletes, all great students. | ||
| They were great. | ||
| And they broke up, you know, quite a while ago. | ||
| Which was, to me, very sad, because I think they're both great. | ||
| Don and Vanessa. | ||
| Tiger actually called me a few months ago. | ||
| And they have a very special, very good relationship with Tiger. | ||
| I played golf with him a couple of times over the last month. | ||
| And he's a fantastic guy and a fantastic athlete. | ||
| And he told me about it. | ||
|
unidentified
|
And I said, Tiger, that's good. | |
| I'm very happy for both. | ||
| I just let them both be happy. | ||
| Let them both be happy. | ||
| They're both great. | ||
|
unidentified
|
To follow up on China, China, South Korea, and Japan say they're going to work together in cooperation to respond to the tariffs that you're going to put into effect this week. | |
| Are you concerned that this move, the tariffs this week, could push some of the United States' closest allies to work with China? | ||
| No. I'm not worried about it. | ||
| I'm not worried about it. | ||
|
unidentified
|
Mr. President, can I ask you about South Korea? | |
| I think they have a chance of doing better, actually, with the tariffs. | ||
| It could actually help them in a certain way. | ||
| And I think a lot of them will drop their tariffs because, you know, they've been unfairly tariffing the United States for years. | ||
| And if you look at the European Union on cars, the European Union already dropped their tariff down to two and a half percent. | ||
| It was announced a couple of days ago, which is what the United States, which is a very small tariff. | ||
| The United States charged very little. | ||
| A lot of... | ||
| I think I heard that India, just a little while ago, is going to be dropping its tariffs. | ||
| And I said, why didn't somebody do this a long time ago? | ||
| A lot of countries are going to be dropping their tariffs. | ||
|
unidentified
|
About something that happened in France today, Mr. President. | |
| Marine Le Pen, the far-right leader, got convicted in court and is now banned from running for office for five years. | ||
| Do you have a comment? | ||
| That's a big deal. | ||
| That's a very big deal. | ||
| I know all about it, and a lot of people thought she wasn't going to be convicted of anything, and I don't know if it means conviction, but she was banned for running for five years, and she's the leading candidate. | ||
| That sounds like this country. | ||
| That sounds very much like this country. | ||
| Okay, anybody else? | ||
|
unidentified
|
You've presented with a bunch of proposals for tariffs by your advisors. | |
| They've been talking about that idea. | ||
| At who? | ||
|
unidentified
|
That your advisors have presented ideas about tariffs and what to do in the next two days. | |
| Have you settled on that? | ||
| Well, you're going to see. | ||
| I've settled, yeah, actually a long time ago. | ||
| But we talk about it. | ||
| We talk about it a lot. | ||
| We want to do what's right for the country and even the world. | ||
| You know, it affects the world, not just this country. | ||
| This has been the piggy bank for the entire world. | ||
| So it really does affect the world, and that's important to me also. | ||
|
unidentified
|
Yeah. That you want the quick return of Austin Tice, a Marine Corps veteran and a journalist who went missing in Syria over 12 years ago. | |
| Have efforts been made to locate Austin Tice been extended beyond Syria, including potential leads in Iran? | ||
| And do you have plans to get in touch with Ms. Deborah Tice, the mother of Austin Tice? | ||
| And also at the same time, organizations like Hostage Aid Worldwide have been on the ground in Syria searching for Austin Tice for many years. | ||
| Can I get your comment on the potential future plans to locate Austin Tice and to bring him So we've been looking, as you know, for Austin for years. | ||
| I don't know about Biden, I don't think Biden was looking for anything, but we were. | ||
| And there's been virtually no sign, you know that, there's been no sign of Austin. | ||
| Incredible young guy. | ||
| Be less young now. | ||
| It's been a long time. | ||
| It's been many, many years. | ||
| The mother is fantastic. | ||
| She's a very committed mother that her whole life is to find her son, who was in Syria and just disappeared off the face of the earth. | ||
| So, you know, a lot of bad things happen. | ||
| But we're always, you know, we will never until we find out something definitive one way or the other. | ||
| We'll never stop looking for him. | ||
| But we have been, and the response, it's just a lot of dead ends. | ||
| He's been gone for a long time. | ||
| The problem is there's never been a sighting. | ||
| You know, sometimes you'll have somebody you're looking for and there's a sighting. | ||
| There's never been a sighting of Austin. | ||
| But we are out there and we have great respect for his family and for his mother. | ||
| She's been unbelievable. | ||
| Yes, the president a question about behind you. | ||
|
unidentified
|
Oh, yes, you've had Outreach with the leaders of Russia and China you made an outreach to Iran When are you gonna plan to reach out to North Korea and Kim Jong-un anytime in the near future? | |
| Well, I do I have a very good relationship with Kim Jong-un now you people hate to hear that but it's very important and I got along with him fantastically, as you know. | ||
|
unidentified
|
It started off very rough, very nasty. | |
| Little rocket man. | ||
| The whole thing was a nasty deal. | ||
| And then one day we got a call that they'd like to meet. | ||
| We met. | ||
| We have a great relationship. | ||
| And yeah, we have... | ||
| There is communication. | ||
| Yeah. I think it's very important. | ||
| You know, he's a big nuclear nation. | ||
| And... And he's a very smart guy. | ||
| I got to know him very well. | ||
| I remember I put my foot across the line, and then I walked across the line. | ||
| I don't know if Secret Service was thrilled with that. | ||
| They actually wasn't. | ||
| They were not too thrilled. | ||
|
unidentified
|
But I have a very good relationship with him. | |
| Yeah, I will probably do something at some point. | ||
| Yeah, please. | ||
|
unidentified
|
Who's on your short list, Mr. President, to replace Elise Stefanik as U.S. Ambassador to the U.N.? | |
| So we have a lot of good people that wanted first of all Lisa's fantastic And I just don't want to take chances where you guys saying how is the election going we have a? | ||
| Congressional election that's a little bit close. | ||
| I guess the one is in good shape, but the other one's a little bit close But Randy fine is a great guy They're both good candidates. | ||
| They're very good, but it's you know a little bit we want to be careful and Elise is very popular in her district and so am I we won by A lot of points and so did she. | ||
| And there's a lot of people that wanted to run for it, but we have no idea. | ||
| Are they going to win? | ||
| I think it's just security. | ||
| And I said, at least what about going back? | ||
| Because they love you there. | ||
| And she's going to take a big leadership position with Mike Johnson and the speaker. | ||
| And I can tell you that for the replacement, we have a lot of people that have asked about it and would like to do it. | ||
| David Friedman. | ||
| Rick Grinnell and maybe 30 other people. | ||
| Everyone loves that position. | ||
| That's a star-making position. | ||
| And so we'll see what happens. | ||
| But we have a lot of people that are interested in going to the United Nations, as you can imagine. | ||
|
unidentified
|
Yeah. I just want to get a quick music question. | |
| Favorite song to play live is what? | ||
| And then my question to you, Mr. President, your favorite rally you did last year, 2024, what was your favorite one? | ||
| Favorite song to play live? | ||
| Yeah, favorite song to play live. | ||
| Oh, that's a tough one. | ||
| It'd have to be one of the hits, probably Cowboy or Ballin' Bar. | ||
| There's a song that I've played every night that was never a single hit that I probably should not say the words to in this office right now. | ||
| His rallies are amazing. | ||
| He does great and gets big crowds. | ||
| He's really a star when it comes to that. | ||
| He is a very talented guy. | ||
| I would say maybe Madison Square Garden, because anybody that was there, the owner of the garden, Jim Dolan, who's, you know, to me always been terrific. | ||
| He said this, he's never said anything like it. | ||
| We had When you announce Madison Square Garden, you know, it's a big arena, but we sell out big arenas. | ||
| We sold out of Milwaukee. | ||
| We sold out of every big arena. | ||
| We don't have, we never had empty seats. | ||
| It's amazing. | ||
| They talk about Bernie Sanders gets 2,000, 3,000 people. | ||
| These crowds, I get 107,000 people in New Jersey. | ||
| In Butler, PA, we had over 100,000 the second time. | ||
| We had 55,000 the first time. | ||
| We have big crowds. | ||
| I would say Madison Square Garden because I grew up in New York and the Garden is Great. | ||
| Jim Dolan treated us well. | ||
| But everybody said that because I think I could have filled it up 10 times. | ||
| We had hundreds of thousands of people that were stacked all the way back to the Hudson River and on the other direction, back to Fifth Avenue. | ||
| Nobody's ever said I don't mean with a line. | ||
| I mean, like 50 deep, like 50 deep this way. | ||
| The streets were closed. | ||
| The whole thing was crazy. | ||
| And when you take that, you know, you want to do well at Madison Square Garden. | ||
| You don't want to have Mr. President, the U.S. military transferred 17 individuals to El Salvador overnight. | ||
|
unidentified
|
Did you discuss with your team whether these deportations would run afoul of any recent court orders? | |
| He has been unbelievable and, you know, in relation to us. | ||
| But I think that our people have done an incredible job. | ||
| You know, I got elected on the basis of getting bad people out of our country that shouldn't be here. | ||
| Very dangerous people out of our country. | ||
| And that's what I did. | ||
| And then you have a judge that wants to take over. | ||
| And I can't imagine it can be allowed. | ||
| It was up to him that all be put back in our country. | ||
| These are killers. | ||
| These are drug lords. | ||
| These are really bad people. | ||
| But I want to thank the president of El Salvador because he's done an amazing job. | ||
|
unidentified
|
Elon Musk's special government tenure is coming to an end. | |
| 130 days, I think another month. | ||
| Do you want him to stay longer or is it time for him to go back to running his companies? | ||
| Well, I think he's amazing, but I also think he's got a big company to run and so at some point he's going to be going back. | ||
| He wants to. | ||
| Would you want to keep him around? | ||
| Oh, I'd keep him as long as I could keep him. | ||
| He's a very talented guy. | ||
| You know, I love very smart people. | ||
| And he's very smart. | ||
| And he's done a good job. | ||
| You know, Doge... | ||
| Doge is... | ||
| We found numbers that nobody can even believe. | ||
| Like 400 billion, 500 billion. | ||
| It could be close to a trillion dollars by the time they end on different things. | ||
| And he's led the charge. | ||
| And you've seen a lot of his people. | ||
| And these are people that joined up. | ||
| I would say they're high IQ people. | ||
| I like high IQ people. | ||
| And they've done a great job. | ||
| No, at some point, Elon's going to want to go back to his company. | ||
| I will say he's got, despite the way he's been treated, so he's an American patriot. | ||
| But the way he's been treated with Tesla is just terrible. | ||
| It's just terrible. | ||
|
unidentified
|
Once he goes back. | |
| In fact, you have a Tesla. | ||
| Yep. And you love it. | ||
| You love it. | ||
| He was saying before he bought a Tesla. | ||
|
unidentified
|
He loved it. | |
| A lot of people are buying Teslas, I think. | ||
| And I hope they are. | ||
| He should not be treated that way. | ||
| He's done an incredible service. | ||
|
unidentified
|
But once he goes back, is Doge going to keep operating even without Elon here? | |
| Well, I can't tell you that. | ||
| I can say this, that a lot of the people that are working with Doge are the secretaries, you know, the heads of the various agencies. | ||
| And they've learned a lot. | ||
| And they're dealing with the Doge people. | ||
| I think some of them may try to keep the Doge people with them. | ||
| But, you know, at a certain point, I think it will end. | ||
| But they have also gotten a big education. | ||
| Mr. President, have you had any updates on the U.S. soldiers missing in Lithuania? | ||
| So, three are no longer with us, and one is unfortunately probably in the same category, but they haven't declared that yet. | ||
| It was a very heavy truck, like I told you, but, I mean, really heavy. | ||
| They lifted the heaviest equipment. | ||
| It would seem that the bank of a lake collapsed, you know, the weight is so big. | ||
| And it was at night, and it was very cold weather, ice, a lot of ice. | ||
| And it's possibly slipped, and the weight is so enormous of this thing. | ||
| It's a massively heavy vehicle, and if they slipped a little bit, that's probably what happened, and it flipped. | ||
| And three are gone, and one is missing. | ||
|
unidentified
|
On a separate topic, a follow-up on immigration, did you see the video of the Tufts University Student who was taken off the street by ICE agents last week in hoodies and masks There's been a lot of criticism of that. | |
| Are you comfortable with how that was handled? | ||
| Well, I haven't really looked at it in any detail, but I will I mean I have seen it quickly, but not I wouldn't want to comment on it. | ||
| Yeah, please. | ||
|
unidentified
|
Yeah, Mr. President, would you be able to confirm recent reporting that you are making plans to go to Saudi Arabia next month? | |
| And if so, why is Saudi Arabia so important? | ||
| So I have a very good relationship with the Middle East. | ||
| In fact, if you look at Michigan, I won the vote by a lot. | ||
| People were a little surprised. | ||
| And I have a very good relationship with Muhammad and the king. | ||
| His son is Muhammad. | ||
| He's great. | ||
| Crown Prince. | ||
| Actually, he's prime minister, too. | ||
| He's got a lot of good titles. | ||
| But he's great. | ||
| And the king has been wonderful. | ||
| And if you remember, last time I went to Saudi Arabia, I put him first on the list because They agreed to buy $450 billion worth of American goods, military and otherwise. | ||
| And they did. | ||
| And it was an unbelievable day. | ||
| It was in this gorgeous ballroom. | ||
| And companies were there from many, many, probably 100 companies. | ||
| And they were given anywhere from $40 or $50 million to less. | ||
| And more, actually. | ||
| Some of them were given numbers that were just many times that amount. | ||
| I think we had a couple of $20 billion deals. | ||
| Big stuff. | ||
| And it's a very rich country, because of oil. | ||
| And we are a very rich country, ultimately, when we straighten it out, because of oil. | ||
| Oil is always good. | ||
| And I agreed to do it again, and they've agreed to spend Close to a trillion dollars of money in our American companies, which to me means jobs. | ||
| So they're going to spend hundreds of billions of dollars giving them to American companies that are going to be making equipment for Saudi Arabia and other places in the Middle East. | ||
| And for that, I think it's worth it. | ||
| I did it last time. | ||
| $450 billion. | ||
| And the press was there. | ||
| It was a... | ||
| It was... | ||
| It was one of the most unique days I've ever seen, where companies would get up and you're getting $20 billion. | ||
| The name of the company, the chairman, we're all there. | ||
| Every chairman and top person in the company. | ||
| You remember that, Peter? | ||
| I don't know if you were there. | ||
| You might be too young for that. | ||
| I was on the Democratic campaign trailer. | ||
| Oh, that was boring. | ||
| This was a much better view. | ||
| But it was amazing, actually. | ||
| It was an amazing day. | ||
| We sold and We partook in 450 billion dollars worth of investment into American companies and they announced the company, the amount of money, a billion dollars, five billion dollars, 25 billion dollars, and the chairman of the company, many of whom, you know, well-known figures, prestigious figures, great business leaders, they went up, they shook the hand of somebody, and they would sit down, and we just had a big investment made. | ||
| It was a record. | ||
| Nobody ever beat it before. | ||
| $450 billion worth of jobs. | ||
| I view it as jobs more than anything else. | ||
| And now we're close to a trillion dollars. | ||
| So it's more than double the number that we did when I first came to office. | ||
|
unidentified
|
And this trip takes place next month? | |
| It could be next month, maybe a little bit later, yeah. | ||
| And we're going to Qatar also. | ||
| And also we're going to possibly a couple of other Country is UAE is very important. | ||
| It's a great leader in UAE And I had his brother here the other night if you saw that we had a wonderful guy a wonderful family So we'll probably stop at UAE and Qatar and as I used to call it Qatar Nobody's ever told me right or wrong. | ||
| I always like to say Qatar, but it's Qatar they like to say Qatar and Saudi Arabia the three of them and then we'll go Other places also, but in the Middle East those seem to be the three. | ||
| And again, tremendous amounts of jobs will be created that in those two or three days. | ||
| Thank you very much, everybody. | ||
|
unidentified
|
Thank you, press. | |
| And cut it out the back door. | ||
| Thank you, everybody. | ||
| Thank you, guys. | ||
| You guys are fine. | ||
| That was good. | ||
| OK, ready, everybody? | ||
| Thank you, Peter. | ||
| You better do well with this. | ||
| He's gonna do it, make sure everything is nice and clean, right, for your agency. | ||
| Because you're not in a clean industry. | ||
| Hold that up. | ||
| Okay? Thank you, everybody. | ||
|
unidentified
|
Thank you, everyone. | |
| Thank you. | ||
| Thanks, everybody. | ||
| Thank you. | ||
| Okay, that's heading out right there to the Rose Garden outside the President's Oval Office, Kid Rock. | ||
| Let's say it was not the executive order to restructure the world's economy, which will be on Wednesday. | ||
| We may get the signing tomorrow, the announcement on Wednesday, or they may do the signing. | ||
| I understand it's not quite finished. | ||
| In fact, I still believe that they're going through different perturbations of what it's actually going to be. | ||
| But President, once again, Open up to a number of questions a lot of interesting questions on the economy. | ||
| He is full bore on to do this geo strategic reset Remember he thinks of tariffs not as the the left portrays them and as on cable TV. | ||
| You see time and time again including on Fox In fact Shannon Breen tried to jump my brother Peter Navarro yesterday Peter Navarro was giving a very rash We played a clip of it at the beginning of the of the show Peter Navarro, Dr. Navarro Who's one of the architects of this, along with Scott Bess and Howard Plutnick and others. | ||
| Brother Greer over at the trade office now replacing Bob Lighthizer. | ||
| Peter's going through a rational walkthrough of what tariffs are, how they're bringing jobs back. | ||
| You heard President Trump right there time and time again refer back to the amount of massive capital investment. | ||
| By companies, not private equity funds, not hedge funds, not venture capital funds, not sovereign wealth funds, I mean major industrial companies, investing tens if not hundreds of billions of dollars on plant and equipment here in the United States. | ||
| And Shannon Braman, I like Shannon a lot, if you ever get to know her, she's a very, very nice person, very straightforward. | ||
| Man, oh man, the Murdoch's head, they had a trap and she like sits there and gets all kind of uppity and boom, hits him with, well, look at the polling here with the American people. | ||
| The American people has not been explained to them, Shannon, because Fox News, owned by the Murdochs, neoliberal neocons, and of course the progressive nutcases over at MSNBC and CNN continue to harp on facts that just don't happen to be true. | ||
| Let's go back to the China tariffs. | ||
| No price increases. | ||
| With the largest Tariff increase in the history of China and go back to my previous explanation China Sends finished goods here and we send raw materials there It's like we're a colony. | ||
| We are an economic colony We're a massive market for them But we just provide we provide very few finished goods what they call the value chain a value-added kind of labor and production technology Productivity and that value chain. | ||
| We don't send a lot. | ||
| Most of it's just raw essentially raw materials They look at us as a colony like they look at a Brazil and an end market a massive end market That's because we're propped up and you say well Steve. | ||
| How's the economy work? | ||
| What's quite simple? | ||
| You go into any town particularly in kind of rural America with the biggest things the university or the health care system? | ||
| Or the jail system or the county administration? | ||
| Where are the jobs of actually producing? | ||
| high-end manufactured Goods, they're not there and this is all propped up by government spending This is what happens when you have 36 37 trillion in debt and you're adding two trillion dollars every year. | ||
| It's a Ponzi scheme It's the long con and that long con I had in the interim today between the morning show and the afternoon show. | ||
| I had some very smart people on a on a call and They're saying they said hey, they don't see Congress ever Having the guts of the courage to actually face Vote is have to tell them. | ||
| Hey, we can't afford to do this anymore This is what we can't afford to do and guess what for the wealthier taxes are gonna go up They said they just that courage is not there. | ||
| He says you're dreaming about a courage that doesn't exist I said, well, listen, they're not gonna have to have courage when you have a failed Treasury auction This is what Ray Dalia said said the other day One of those two realities is just gonna be it's gonna create a absolute financial crisis You're gonna have to react immediately and you're not gonna like the choices you make one thing I did Leave out from earlier when we talk about finished goods even in generic medicines and China looks at all of this of | ||
| Controlling the supply chains as strategic if anything has ever come up. | ||
| Remember they used to own a trillion dollars of our debt They have the supply chains Of course, they've infiltrated many many institutions our country, but they think they actually have leverage over us if we have military leverage they think because the The chip plants in Taiwan are right there. | ||
| They have leverage there They think they have a lot of leverage on us and doing what they want to do Throughout the Eurasian landmass as they rise to become a hegemon in East Asia Then the hegemon on the Eurasian landmass and then the hegemon throughout the world directly in conflict with the United States of America Jace medical that's why Being a War Room Posse member, you're going to be an active part of this. | ||
| You're going to be an active part. | ||
| Your voice is heard. | ||
| You know that. | ||
| When we contact senators or congressmen and you guys get on top of things, things change. | ||
| Pete Hegseth gets to be Secretary of Defense. | ||
| President Trump gets to be President of the United States. | ||
| When you put your shoulder to the wheel, like tomorrow, if we're to win, particularly in Florida 6, Florida 1, I think Jimmy Petronas, and we had a little trouble technically getting Jimmy up earlier, but Jimmy Petronas is going to win. | ||
| He's not going to win at the gap, at the spread that Matt Gaetz had. | ||
| Trump's not at the top of the ticket, but I think from all of our indications and what we're tracking in Florida 1, he should win. | ||
| And Florida 6 is going to be much tighter. | ||
| That's a tight race. | ||
| Whether Fein is the perfect candidate or not, it is a lot of pressure down there, and that's going to be a tight one. | ||
| President Trump won that by 30. Gates and President Trump won it by 32. And Florida won, won by 30. With Mike Walz, that's going to be much tougher. | ||
| In Wisconsin, we have to represent on Tuesday, on tomorrow. | ||
| That is so important because it's two congressional seats. | ||
| It's two congressional seats. | ||
| I think before even the 2020s, if they can pull it off, they're going to try to redistrict. | ||
| I think have a special, I don't know, maybe they have to make a contingent upon doing it the next election. | ||
| But these people are so radical that you don't know what they're going to try to pull. | ||
| It's all on the line in Wisconsin today. | ||
| I will tell you some of the smartest people I know in Wisconsin, including I had a long talk With Scott Preston and Scott saying, hey, we need, we really need a big turnout on game day. | ||
| I've talked to some other senior people and they're saying, hey, we got to have it. | ||
| But, you know, this is an incredible amount of money. | ||
| It's over $100 million that has gone into that race. | ||
| And so tomorrow you're going to have a, I think you're going to have a wake up call of the fight that we have in front of us. | ||
| President Trump just, right, right when we're, during the, right when coming on the air for the signing of the executive order, a judge Rescinded President Trump's pulling of the temporary status for 350 Venezuelans remember he did this for Venezuelans I think for some folks from Afghanistan I think one or two Central American companies might have been Haiti a couple of countries this temporary protective status allows you to stay here Much longer than you would normally be able to It's | ||
| one of the ones we've always it's been a huge bone of contention For folks who want to get our hands around immigration and make sure there's more opportunity for For American citizens, President Trump rescinded temporary protective status for 350,000 Venezuelans, and a federal judge just walked in and overruled President Trump. | ||
| A lot of questions there for President Trump, particularly about what President Trump is going to do as far as commander-in-chief and as a security member. | ||
| The filings are due tomorrow, I think at noon. | ||
| We're gonna get Julie Kelly, try to track her down tomorrow to join us. | ||
| Just on the Judge Bosberg, they're due at noon. | ||
| They've already gone. | ||
| President Trump has requested, the administration has requested to be on the emergency docket of the Supreme Court. | ||
| That has not totally been accepted. | ||
| They're looking for kind of arguments tomorrow, but I believe, and I think one of the reporters mentioned it, I think that President Trump, and I'm looking to my producer, I think he deported 17 Venezuelans back to Venezuela last night on a military aircraft. | ||
| Some people, I think, might argue that violates the judge's stay or temporary restraining order. | ||
| That'll all get fought out in the courts in the next couple days. | ||
| As I've told people time and again, I think President Trump is prepared to engage in his chief executive, and he doesn't agree with it, and he's going to the courts. | ||
| Being the chief law enforcement officer of the country, chief magistrate, which is other aspect of the unified executive theory. | ||
| I don't believe President Trump, if he deems it in the country's national security interest as the commander-in-chief, I'm not so sure he is going to allow a district court judge Or maybe even a appellate court judge to to interfere or intervene in that I think he deems I think he deems that his role as a commander-in-chief Yes, we have Scott Pressler. | ||
| We got oh, we're gonna get yeah, the press will just let us know in fact Pressler was down in Milwaukee doing an event. | ||
| Let's get Scott up I think Scott's gonna tell you gonna have to go to the ramparts tomorrow. | ||
| This thing in Wisconsin is very very important and in these in these These Supreme Court as you know from North Carolina to Louisiana when it comes to these redistricting these are huge fights You've participated in some of the biggest we've had the last couple years. | ||
| I would respectfully submit I think we hold the House of Representatives because this audience put their shoulder to the wheel in places like Missouri in places like Tennessee in places like Florida and places like North Carolina just to throw out some random examples of where the the folks down there needed some support and In Louisiana to make sure that these districts were redrawn I think in Alabama Remember it was a couple of years ago DeGrasse led this effort to get the warm posse involved And it showed that you know what needed to be done a | ||
| lot of questions about economics one thing I want I'll cut it for tomorrow morning The the one question that really got President Trump up and like hey, that's a big deal What's the question about Le Pen? | ||
| He said hey, that's a very big deal and he repeated essentially what we were talking about a worm He says hey, she was way up She was 10 12 15 points up in the projection of a presidential race of which she's a candidate and I think I don't think McCrone's running again against against other competition and And he said hey, this thing was relatively small. | ||
| They made a mountain out of the molehill and he tied it directly to himself Which I thought was pretty extraordinary And President Trump said it was a big deal. | ||
| We're going to play that again. | ||
| I don't think we had it cut quickly enough. | ||
| We'll play it again tomorrow in case we got it. | ||
| But he had so many great jewels in that, the things he's talking about, as we're on the eve of these huge elections tomorrow, two in Florida, one in Wisconsin, and then the next day, the rollout of the biggest geoeconomic retorquing or resetting since World War II. | ||
| When you talk about the post-war international rules-based order, this is an order that's been based upon essentially a free and open market to the United States and the allowing of the free flow of labor. | ||
| And that means that capital has basically taken the high-value manufacturing jobs in the United States and shipped them overseas, whether through NAFTA to Mexico or whether they did it in the decades of the 90s or early 2000s to China. | ||
| You know, Shali Kumar comes on and talks about between 1998 and 2005, I think in Illinois alone, there was something over a million, I think it was 5,000 factories and something like 500,000 to a million jobs. | ||
| High value added light manufacturing jobs were shipped over to China. | ||
| And Shali Kumar is someone who is adamantly about not just tariffs, but sustainable tariffs. | ||
| He says, hey, the tariffs don't have to be large. | ||
| But they have to be sustainable. | ||
| In other words, you can't be in and out. | ||
| You have to set it. | ||
| And that's what President Trump is doing. | ||
| President Trump is looking at an economic reformulation of the country. | ||
| He thinks it's ridiculous. | ||
| You can't run a country that is a superpower with no manufacturing base, no advanced manufacturing base. | ||
| You just can't do it. | ||
| We've shipped all those jobs overseas. | ||
| And of course, the globalists say, well, you make it up as being the marketing chain and you can do a final assembly here. | ||
| No, that is not high value added. | ||
| And the pay is not there. | ||
| The high value added comes from the machining, the tooling, the skill set. | ||
| It comes from actually manufacturing the, you know, excellence by wandering around, which was that book in the management book in the late 1990s. | ||
| Tom, I think it was Thomas Peters, wrote that book. | ||
| That, you know, when the factory and R&D, they're all kind of together, that's the greatness of American manufacturing. | ||
| That's the greatness of the arsenal of democracy. | ||
| Look what was created in this country when the Industrial Revolution hit this country. | ||
| Look at the magnificent, you know, entrepreneurship. | ||
| Look at the innovation. | ||
| And you didn't need huge universities doing massive research. | ||
| You didn't need to put tons of, you know, hundreds of millions of dollars or billions of dollars into these universities to let them become basically citadels of the woke and to lord it over you as you get some more India. | ||
| There's no doubt you get some You know advanced research and get some applied research or basic research and applied research But back in the in the old days and even up to the 1950s and 60s you had companies You had people were engineers a lot of people weren't engineers a lot of people not even going to college But had that kind of ability to think through the manufacturing process to think through innovation and create tremendous value We're gonna need you up on the ramparts tomorrow either on bill blaster Or someone go to the local apps Scott we're | ||
| gonna try to track Scott Pressler Scott Pressler is I had a long talk with him before the show today Scott has been bouncing around event to event to event. | ||
| There's been a I think a freeze Situation up in north central, Wisconsin. | ||
| They're not sure they actually could get the final day of voting in Which I think was Saturday that they Reminded in Friday in in Wisconsin, but they want to make sure that people know that they should talk to their Local election officials particularly tomorrow to get the vote out if they can't get the vote out let people know early So the things could be filed because this is gonna come down to every vote counts the polling from Trafalgar Trafalgar guys have been pretty accurate has Has the Republican candidate for | ||
| the Supreme Court down by two? | ||
| Maybe a little even over two so it's all gonna be about turnout tomorrow Trafalgar's had a pretty good reputation of doing that other people around Wisconsin Hey, maybe I'm down a little bit more but it all comes down to the game day vote Although I think it's been kind of a record number of turnouts anyway of In the early vote so make sure tomorrow. | ||
| It's gonna be Wisconsin. | ||
| It's gonna be very very important Also in the economy when it let's go back to gold for a second and the geo strategic You know reset and what we're talking about the budget right now up on Capitol Hill. | ||
| There's so much going on We really haven't had a chance to cover a lot of it, but they're working through Legislation they're working through this massive legislation package President Trump calls it my one big beautiful bill It's so enormous. | ||
| It's got taxes. | ||
| It's got it's gonna have defense spending. | ||
| It's gonna have border security. | ||
| It's gonna have the money for For deportation some of these numbers are going to shock you Particularly the fact you say hey look we already spend over six and a half trillion to seven trillion dollars Isn't that enough and that we have a two trillion dollar deficit isn't that enough we have to add $170 billion for deportations and do we have to add I think the numbers are looking for is 125 to 150 billion of additional defense spending. | ||
| At some point in time, someone's going to say, hey, look, guys, this is just not going to go because we're not getting the cuts we saw and and we're not generating additional revenue. | ||
| And we've got more additional tax cuts for the working class and for the middle class. | ||
| And something's got to give here. | ||
| This was one of the reasons where the huge proponent Of the extension of the tax cuts, the extension of the tax cuts should not go for the upper bracket. | ||
| In fact, you should take that and roughly President Trump's tax cuts were about four trillion dollars of added to deficits of revenue that essentially didn't come in. | ||
| And it is a supply side tax cut. | ||
| So the assumption is you're going to generate some economic growth here. | ||
| My point is that With so much debt hanging over you and so much interest payment, so much crowding out of this debt, out of the rest of the capital markets, it's tough to get your traction. | ||
| They're talking about a concept called stagflation. | ||
| Ever heard of that? | ||
| Remember, we've discussed that over the last couple years. | ||
| That's both stagnant growth and inflation. | ||
| So it's not a recession, but it's low growth plus inflation. | ||
| So you kind of get the double whammy, the worst of both worlds. | ||
| The way you get out of that is you have to have growth. | ||
| One thing you have to do, and this is what the current, I think, At least some people are seriously looking at this in the White House is to of the four trillion dollars And I'm just kind of rounding here essentially 2.6 trillion goes for people filing think joint 450 and below there's another couple hundred billion dollars for the S corps and for Entrepreneurs the pastors so essentially is a trillion dollars out there I think they're talking about that would not be extended that that actually if it's not extended Consider | ||
| it a tax increase the lowest lower tax Rates are you get rid of those it goes back to the original and so that would be a tax increase And in that you would also get you'd have to be able to pay for no tax on tips no tax on overtime No tax on bonuses. | ||
| I'm not sure all those last two are definitely in there But I know they're being discussed at numbers being run and then the big one that's supposed to be in there is no tax on Social Security so That is all coming on the tax side and somehow you're gonna have to make up the revenues that revenue come from President Trump saying hey the tariffs Peter Navarro says a hundred billion dollars is coming in for the tariffs just on the 25% of tariffs of Automobiles not manufactured | ||
| not assembled not manufactured a lot of that's going to come from the German Automakers, I think they make very few of their automobiles here in the United States So a lot will come for the Germans. | ||
| That's 100 billion right there before you get to the reciprocal taxes. | ||
| The reciprocal tariffs, excuse me. | ||
| So the tax increase got that, then you're still going to have this deficit. | ||
| That means you have to then have cuts. | ||
| And those cuts can come from two basic broad generalizations. | ||
| I'm not sure we're going to have time for Scott right now. | ||
| We've only got three minutes left. | ||
| We'll get Scott tomorrow morning. | ||
| He's, like I said, in Milwaukee at an event. | ||
| You're gonna have to choose areas one is Doge and well, here's what I think on Doge I think Doge immediately because remember we have committed legally Contractually through the CR to pay for all the waste fraud and abuse. | ||
| I think we've got to get a number I don't care what that number is now. | ||
| Okay, it was 25 billion 50 billion 100 billion 500 billion Just just let's get a number. | ||
| I'm Probably pretty sure it's under 100 billion, but that's fine. | ||
| Let's just get it. | ||
| Let's get to rust vote. | ||
| Let's get it verified and Let's go and pound that immediately. | ||
| Let's say we're not going to pay. | ||
| We're not going to pay for that. | ||
| We're going to, you know, get that fraud money back. | ||
| We're just not going to pay for it. | ||
| That's coming out of the CR. | ||
| In addition, this fiscal year, not the appropriation process you see going for next fiscal year that starts October 1st, you have to go back into this situation of the spending of this year. | ||
| And I think you're going to have to start looking at some cuts for this year. | ||
| And the people are going to come and try to confuse you and say, well, that's part of reconciliation. | ||
| The problem with the reconciliation bill, I can tell you right now, is that it's a misdirection play. | ||
| How's a misdirection play? | ||
| Remember the political class never wants to take any heat. | ||
| So it talks about 10 years. | ||
| It's in the legislation. | ||
| You've got to talk about a 10 year cut. | ||
| And look, they play a lot of games. | ||
| You've been around here for a lot of these bills that all talked about the great cuts they're going to do in the out years. | ||
| It never happens. | ||
| It's like in finance, you know, after the first couple of years, It's just kind of assumptions of what's going to happen in the future. | ||
| We have a problem with the here and now. | ||
| And I can tell you the reality is both the House version of the increase in the debt ceiling is $4 trillion. | ||
| I believe in the Senate is $5 trillion. | ||
| We'll just add it to where we are now. | ||
| You have $37, $38 trillion. | ||
| Add another $4, it just gets to be ridiculous. | ||
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| Kidding! Okay, check it out. | ||
| We're going to be back live tomorrow morning at 10 a.m. Eastern Time. | ||
| We're going to play a couple of clips from the President today, and we're going to tune in for some other news. | ||
| We're going to break with Michael Pack on, talking about Carey Lake's new job, what he would do. | ||
| He used to run that group during President Trump's first term. | ||
| He's got a great piece in the Wall Street Journal about what President Trump is doing and how we have to have his back. | ||
| 10 a.m. Eastern Daylight Time tomorrow morning. | ||
|
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You're going to return here in the War Room. | |
| The Right Stuff will take you out. |
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