May 15, 2025 - Bannon's War Room
48:49
Participants
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| Speaker | Time | Text |
|---|---|---|
| Meanwhile, Republican Senator Josh Hawley is warning his own party over its push to make potential cuts to Medicaid. | ||
| In a guest essay for the New York Times, Hawley wrote in part this, Mr. Trump has promised working-class tax cuts and protection for working-class social insurance, such as Medicaid. | ||
| But now a noisy contingent of corporatist Republicans, call it the party's Wall Street wing, is urging Congress to ignore all that and get back to the old-time religion, corporate giveaways, preferences for capital, and deep cuts to social insurance. | ||
| The wing of the party wants Republicans to build our big, beautiful bill around slashing health insurance for the working poor. | ||
| But that argument is both morally wrong and politically suicidal. | ||
| We heard Josh Hawley actually saying something that should be very obvious to most Republicans, especially Republicans in deep red state America, whether you're in Missouri, whether you're in Alabama, whether you're in Nebraska, wherever you are, Idaho, Montana, Medicaid is a lifeline for those residents. | ||
| And here you have Republicans talking about slashing Medicaid to pay for billionaires' tax cuts on the coasts. | ||
|
unidentified
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Which is why that big, beautiful bill has some big, unbeautiful problems, right? | |
| I mean, there's long been this myth in the Republican Party that anything that smacks of the welfare state is only for voters of color in Democratic cities. | ||
| And as we know from as far back as that seminal book, What's the Matter with Kansas? | ||
| A lot of these programs, a lot of government assistance goes to rural areas, goes to red states. | ||
| And that's a big problem in terms of passing this bill. | ||
| I listened to that clip you just played of President Trump saying he can't imagine any Republican being against it. | ||
| I guess he can't hear Josh Hawley's voice or read the op-ed page of the New York Times. | ||
| But there is disagreement in the Republican Party. | ||
| There's disagreement in the MAGA caucus. | ||
| I write about this in a column that'll go up in a couple of hours, but Laura Loomer has come out against the Medicaid cuts. | ||
| And there's an interesting larger story here, which is we always talk of MAGA, or many of us talk too frequently, of the MAGA movement as a cult. | ||
| And it's actually quite fractious. | ||
| And I think we're seeing that through the lens of this one big, beautiful bill. | ||
| This is the primal scream of a dying regime. | ||
| Pray for our enemies. | ||
|
unidentified
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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 lie? | ||
|
unidentified
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Mega Media. | |
| I wish in my soul, I wish that any of these people had a conscience. | ||
|
unidentified
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Ask yourself, what is my task and what is my purpose? | |
| If that answer is to save my country, this country will be saved. | ||
|
unidentified
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War Room. | |
| Here's your host, Stephen K. Band. | ||
| Thursday, 15 May, in the year of the Lord, 2025. | ||
| So, so much going on today. | ||
| We're going to get back to President Trump's triumphant tour of the Middle East. | ||
| He's in... | ||
| He's in UAE right now with MBZ. | ||
| We'll get all to that a little later in the show. | ||
| Also, note, we're live streaming the Supreme Court hearing today on the 14th Amendment. | ||
| Absolutely monumental. | ||
| Grace is going to put that up on the other channels. | ||
| We've got limited time. | ||
| We have Senator Josh Hawley here. | ||
| Senator Hawley, can you make your case? | ||
| And I think, is anybody... | ||
| Are they disagreeing with you? | ||
| That they understand we got to do this, but it's all about how it's managed, where these cuts are going to come from. | ||
| Are they going to go back to the states? | ||
| Is there this dumping ground on that? | ||
| What's these work requirements? | ||
| Is anybody, you think, pushing back on you about we understand that that MAGA, that Medicaid, because all the great jobs have been shipped overseas, that the working class black, Hispanic, white. | ||
| All depend upon Medicaid and we can't abandon these people, as I think President Trump doesn't want to abandon them, sir. | ||
| Yeah, you just said the most incredible, the most key thing, Steve, which is President Trump. | ||
| I mean, they're not disagreeing with me, these Republicans who want to cut Medicaid. | ||
| They're disagreeing with the president. | ||
| He's the one who has said over and over and over, we're not going to cut Medicaid benefits to our people. | ||
| I still think that, Steve, there's a lot of Republicans out there, it's the old establishment types, who want to slash this to the bone. | ||
| And the problem is... | ||
| These are many of the same people who have stood by while our jobs have gone overseas, while our towns have dried up and withered away. | ||
| Now we've got people who cannot afford health insurance, and so they're forced onto Medicaid. | ||
| And Republicans, our answer needs to be, we're going to stand by you if you're the working class. | ||
| We're going to give you a tax cut. | ||
| We're going to help your families. | ||
| We're not going to throw you out in the cold. | ||
| And so I just say to my Republican colleagues, look, you want to cut something? | ||
| There's a lot to cut. | ||
| Let's cut the Green New Deal garbage. | ||
| Let's cut all those subsidies that go to China. | ||
| Let's cut out the giveaways to Big Pharma. | ||
| There's lots to cut. | ||
| Let's not cut the working class. | ||
| As you see it right now, are those issues you're bringing up, are they being addressed seriously in anything you're hearing from the House or your colleagues in the Senate? | ||
| Well, I think it's too early to say, Steve. | ||
| I mean, listen, I've got concerns with the bill that the House has passed out of committee. | ||
| They obviously haven't passed the full thing yet. | ||
| I think there's still a lot of cuts in there to Medicaid that will really hurt people. | ||
| And to be more specific about it, they will hurt our people. | ||
| And listen, I mean, in my state, we voted for Trump by 1819 points in the state of Missouri. | ||
| But 21% of Missourians are on Medicaid, Steve, and that includes hundreds of thousands of children. | ||
| These are Trump voters. | ||
| These are working-class people. | ||
| These are people who have gotten screwed by globalism, by free trade, by everything Donald Trump ran against, and I'm not going to be a Republican who goes to them and says, hey, thank you for voting for us and trusting us, and now we're going to take away your health care. | ||
| What could be more stupid than that? | ||
| That's insane. | ||
| That's why Trump is out there saying no benefit cuts. | ||
| Republicans in Congress ought to listen to the president. | ||
| Okay, Missouri's perfect because that is a MAGA state, and particularly a working class state. | ||
| I know you stay very close to your constituents. | ||
| Are you hearing from them directly, "Hey, we can't take these cuts, you can't do these cuts"? | ||
| Yes, I am. | ||
| Absolutely. | ||
| In fact, I'll give you one example. | ||
| Yesterday morning, a nurse in a small town in mid-Missouri, Appleton City is the name of the town. | ||
| We're talking just a few thousand people. | ||
| She texted and she said, thank you for standing up against Medicaid benefit cuts. | ||
| If the Republicans in Congress, and she's a Trump voter, if Republicans in Congress, she said, do these big Medicaid benefit cuts, our hospital in this little town will shut down. | ||
| We will not be able to provide health care. | ||
| I mean, we just can't allow that to happen, Steve. | ||
| These are our people. | ||
| I keep saying that. | ||
| I tell my colleagues that every day. | ||
| We are the party of the working class. | ||
| The working class of this country depends on the social insurance programs, not least because the globalists have gutted our working class economy. | ||
| We've got to rebuild that economy, not cut the legs out from underworking people. | ||
| No, this is the central beating heart of the Trump tariff and trade bill, to reorganize commercial relations and bring those jobs back. | ||
| What is it specifically in the House bill that you're saying, hey, I can't vote for, I won't vote for, and it has to be changed, that came out of committee, specifically on Medicaid? | ||
| Yeah, I think a couple things. | ||
| Number one, I'm concerned about their messing around with the provider tax system. | ||
| This will have a huge effect on rural hospitals in my state. | ||
| We've lost so many rural hospitals in Missouri. | ||
| Steve, I don't want to see any more loss in my state or any other state. | ||
| Once again, rural America. | ||
| These are our folks. | ||
| We have got to take care of them. | ||
| Number two, the House imposed what I call a sick tax, which is more penalties on working people when they go to the doctor. | ||
| Now, before they can see the doctor, they've got to pay more. | ||
| They've got to pay out-of-pocket a certain amount of money before they can even see the doctor. | ||
| These are people who are already paying into Medicaid with their tax money. | ||
| I just don't know why we do that. | ||
| So, listen, my view is this. | ||
| Work requirements? | ||
| Absolutely. | ||
| We ought to have tough work requirements in Medicaid. | ||
| Anti-fraud provisions? | ||
| You bet. | ||
| Let's do all of that. | ||
| But benefit cuts? | ||
| Cuts to rural hospitals? | ||
| Absolutely not. | ||
| These work requirements also, correct me if I'm wrong, they don't kick in until President Trump's starting his fourth term? | ||
| Is it 2029 actually what the House is coming up with? | ||
| Yeah, that's something I don't understand, to be honest with you. | ||
| The work requirements don't kick in for years and years. | ||
| I mean, if you want to save money and you want to do right by this program, absolutely impose work requirements. | ||
| If you're able-bodied, you ought to be working. | ||
| The problem is, in states like mine and so many other states, we've got a whole bunch of people who are able-bodied. | ||
| They are working, Steve, and they cannot afford... | ||
| Health insurance, and so they're on Medicaid. | ||
| Listen, people don't like being on Medicaid. | ||
| You know that. | ||
| I know that. | ||
| They don't want their kids to be on it. | ||
| They're on it because they don't have a choice. | ||
| So my view is, absolutely, let's say to people, you need to work. | ||
| Absolutely, let's impose tough anti-fraud requirements. | ||
| Let's go in there and cut out the waste and the abuse. | ||
| There's lots of that. | ||
| But at the end of the day, if you are a working person... | ||
| And you're on Medicaid because you have to be. | ||
| We need to give you a hand up. | ||
| We need to protect you. | ||
| We ought to be giving you a tax cut and helping to get a better job and better health insurance. | ||
| We shouldn't be cutting those things out from underneath you. | ||
| No, there's no, these are our people and nobody in MAGA wants to... | ||
| The president thinks very highly of you. | ||
| I know he's obviously in the Middle East trying to bring world peace. | ||
| When he returns, are you going to try to get on his schedule? | ||
| Because I'm not so sure. | ||
| That he understands the details right now of what's happening in the House and even what they're talking about in the Senate and these corporatists. | ||
| As you know, he's anti-corporatist in this regard. | ||
| He always wants to defend his people. | ||
| Are you going to try to get on the schedule and sit down with him one-on-one and walk through these pieces you've been putting up in The Times and other places to go through the defense of the working class, to follow along what he's been saying? | ||
| Yeah, absolutely. | ||
| And I regard this as I'm just echoing what he's saying. | ||
| He and I have talked about this already multiple times, Steve, one-on-one, and he has told me multiple times he is absolutely opposed to Medicaid benefit cuts, that there will be no Medicaid benefit cuts. | ||
| Nobody understands this better than him. | ||
| He's gotten elected on it multiple times. | ||
| So I know he'll be strong on this issue. | ||
| I just keep saying to my congressional colleagues, come on, follow the president on this. | ||
| Follow the guy who won the popular vote. | ||
| OK, follow the guy who won the elections. | ||
| He went out there. | ||
| He is building a working class coalition. | ||
| We've got to deliver for them. | ||
| We don't want to go back to the days of Romney Ryan. | ||
| How did that work out for the country? | ||
| How did that work out for Republicans? | ||
| Terrible for everybody. | ||
| We don't. | ||
| Those days are over. | ||
| We're not going back to that. | ||
| We are a working class party. | ||
| We've got to protect working class people. | ||
| I know you've got to bounce, Senator. | ||
| Where do people go for your social media and your website? | ||
| Holly Moe, you can find me on X. You can find me on Instagram, all the social media. | ||
| And I always love to hear from folks. | ||
| Thank you, Senator. | ||
| Appreciate you. | ||
| Hey, thank you. | ||
| The fight over the big, beautiful bill is going to be... | ||
| We've got Dave Bratt up. | ||
| Bratt, let me bring you in here for a minute. | ||
| Your thoughts right there. | ||
| You're down in rural Virginia, and I would say God's country. | ||
| But you're also a fire-breathing member of the House Freedom Caucus. | ||
| How are we going to balance this? | ||
| Because Hawley's 100% right. | ||
| The Medicaid thing is out of control in certain areas, there's no doubt. | ||
|
unidentified
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Yeah. | |
| What I'm seeing even in the Medicaid, like the work requirements, you have to have the work requirements. | ||
| They got to be tough work requirements, but I hear that they're not even going to kick in for four years. | ||
| So what's going on? | ||
| What do you think that, what would the House Freedom Caucus counter to Senator Hawley be? | ||
| I have no idea. | ||
| I heard your interview with Senator Johnson yesterday, too. | ||
| Their response would be, we don't have time to do the work, right? | ||
| Just like on Obamacare way back when. | ||
| Somebody's got to roll up their sleeves at some point. | ||
| You just listed off all the relevant pieces. | ||
| Even the work requirements that are required are not austere, right? | ||
| And they allow substitutes of education time and this time in there, whatever. | ||
| And those are the signs of a rich country, right? | ||
| So the House would say we need to find some cuts and we're going to go here. | ||
| But they're not touching, as you just said and as EJ just said, all the Green New Deal stuff, all the itemized deductions. | ||
| We've added a trillion dollars on that. | ||
| Then you got the salt piece going to the rich folks who have mismanaged states. | ||
| And so it's just they don't have the courage and the political will to cut what they need to cut. | ||
| And we ought to be back to the $5 trillion range. | ||
| Yeah. | ||
| You're going to be with me this morning. | ||
| We're going to go in and out of this. | ||
| You've got your charts. | ||
| Great. | ||
| So Supreme Court, historic day, arguing about birthright citizenship. | ||
| Mike Davis is going to be here to explain. | ||
| I'm going to try to get Josh Hammer on tonight to go through this. | ||
| Terry Schilling's head's blowing up on the big, beautiful bill. | ||
| He says he's got all the money in there for the sex change. | ||
| You can't believe this stuff. | ||
| We've got Ed Luce is going to be on here in the new book about the National Security Advisor. | ||
| This is big, Brzezinski. | ||
| That'll be later in the show. | ||
| We're going to go through President Trump's triumphant tour of the Middle East continues. | ||
| He's now in the United Arab Emirates with MBZ, I think the central player in the Middle East. | ||
| And what a day the president's already had. | ||
| More than ever, I think we're going to go through a little turbulence. | ||
| We got a clip when Brad comes back. | ||
| I think some of the comments said we're going to go into Great Depression because of Trump's trade deals, right? | ||
| We're going to go through some turbulence. | ||
| There's varying different opinions. | ||
| About how this is all going to work out. | ||
| The best thing for you to do is understand the process and understand the process, understand what a hedge is for your financial and real assets. | ||
| That would be gold. | ||
| Who's the best people to do that? | ||
| Birch gold. | ||
| What have we focused on the last couple of years? | ||
| The dollar. | ||
| This is one of the reasons that gold has been on such a run, right? | ||
| I think over the last 25 years, Bright has had a high return, the S&P 500, which is not what gold's supposed to do. | ||
| Birchgold.com slash Ben and the end of the dollar empire. | ||
| It's all free. | ||
| It gets you up to speed on what's going on. | ||
| Short break. | ||
| Back in a moment. | ||
|
unidentified
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Tariff slump continues to rattle markets. | |
| We've seen dives and volatility rivaling the last two big crashes over COVID and the housing bubble. | ||
| Trump now clashing with the Fed chair who gave him low grades for the tariff problems that Trump caused. | ||
| And now there's a more stark comparison. | ||
| To America's Great Depression itself. | ||
| The long lines, the run on the banks, that crash upended the economy and our society for years, driven by several factors, including failed tariffs. | ||
| Now, if that comparison, if these visuals tonight seem almost too extreme to compare to the risks posed by the current market chaos, if the comparison of the food lines seems almost unfair to this administration, That comparison is based on monthly market data. | ||
| This isn't like politics where words or comparisons are just sort of thrown about. | ||
| Okay. | ||
| Denver. | ||
| Yeah, that's right. | ||
| When I speak, it's like the voice of... | ||
| Right there, Ari Melber, but that's nonstop on MSNBC. | ||
| They're selling the Great Depression. | ||
| I know it's great that we do the clips. | ||
| We watch it so you don't have to. | ||
| Dave Brat. | ||
| There's others. | ||
| There are economists on there saying it's the Great Depression. | ||
| And look, we don't take the equity markets and all this as the end all you guys know. | ||
| But from supposedly the April, mid-April, when they were screaming this is the worst since the Great Depression, the Dow's back at $42,000. | ||
| Ten-year, and a ten-year worry ought to be worried. | ||
| And this is not about the tariffs. | ||
| This is about the spending. | ||
| It's almost 4.5. | ||
| It's 4.48. | ||
| That's going to get people's attention. | ||
| And Gold's at 3,200. | ||
| And been bouncing around. | ||
| Brat, walk me through. | ||
| You've got your charts. | ||
| Walk me through your analysis. | ||
| People should know. | ||
| Brat and I spend a lot of time, as I do with all the contributors and other people, between shows and afterwards. | ||
| Brat, you were a little rattled yesterday by Ron Johnson. | ||
| Because Ron Johnson's an entrepreneur. | ||
| He's not a lawyer. | ||
| He came in for a reason. | ||
| He's very focused on the business model of the United States. | ||
| He's been very focused on debt and deficits. | ||
| He's very focused on all this. | ||
| Talk to me about you getting rattled by Ron Johnson saying, hey, we're adding $20 trillion on this path. | ||
| We're going to add $20 trillion. | ||
| We're going to be at $60 trillion before you know it, and then that's the end of the country, sir. | ||
| You know, I get rattled when I hear men of character, and he seems to have a religious sensibility to them. | ||
| He's a man's man. | ||
| And when you see a serious person of character like that get animated, you could tell. | ||
| He's a truth teller, and he's maintained his sanity in Wisconsin. | ||
| But he just went through the litany of the hard work we have to do, right? | ||
| The Inflation Reduction Act. | ||
| We can't even get rid of Biden's policies. | ||
| According to Cato, that thing hits $5 trillion by 2050. | ||
| And I could go through the whole rest, but he is an entrepreneur. | ||
| He's a business guy. | ||
| He just says, you just go through the budget line by line by line. | ||
| And we have another hero, Russ Vogt, who did precisely that. | ||
| And he came up with over a trillion dollars in cuts by going line by line by line. | ||
| And I think EJ or someone else said yesterday, these are things that if you cut, you wouldn't even know they're gone. | ||
| And a lot of them hurt the American economy and hurt the middle class worker. | ||
| And so hats off. | ||
| Hawley's great. | ||
| Senator Ron Johnson's great. | ||
| We need more of them. | ||
| We need more of them. | ||
| And if the folks don't follow these type of leaders, then turf them out. | ||
| Turf them out coming up. | ||
| Replace them with some better fiscally responsible people who follow the Republican creed of all things. | ||
| So tell me your overall sense right now, because I'm getting very worried. | ||
| Terry Schilling is going to be in here in a little while about the sex change operation. | ||
| It turns out they're all on this bill. | ||
| The more I find out about it, the Republicans are having just a lack of courage of going in, like on Medicaid. | ||
| We are adamant you can't cut Medicaid for these working class people that have had their jobs shipped out. | ||
| And working class people have a lot of pride. | ||
| They don't want to be on Medicaid. | ||
| They have to. | ||
| However, Medicaid is rife with fraud. | ||
| It's rife with incompetence. | ||
| It's rife with all these bizarre rules. | ||
| And you hear that even where we're arguing about it, the work requirements would have to be stringent, have to be tough, you know, particularly for the able-bodied. | ||
| And now we're hearing that they're not even going to be implemented until 2029. | ||
| That kind of stuff is absurd, and people get upset when they hear it because they said, hey, I thought we were going to handle this appropriately. | ||
| There's a great piece up, I think, in the Federalist I've just put up on my getter about putting it back to the states actually lets it be managed better, but you've got to make sure you're just not going to bury the states in something they can't afford. | ||
| Why has it seemed so much of this bill has got so much of the crap in there? | ||
| They're not even going to codify. | ||
| You know, Russ, vote. | ||
| Let's be blunt. | ||
| We haven't seen the rescissions. | ||
| This is $9 billion of rescissions, folks. | ||
| It's nothing. | ||
| This is $2 billion for PBS and NPR and I think another $7 billion of some of the stuff Doge found. | ||
| They won't even put the rescissions. | ||
| Why wouldn't they put it? | ||
| They say there's no appetite for the Republicans to pass it. | ||
| This is insanity. | ||
| $9 billion is a drop in a bucket, but it's symbolically meaningful. | ||
| We were promised impoundments or rescissions, and they want to go to the rescissions route because Graham and these guys in Congress say, no, no, no, no, no, no, no. | ||
| We need the executive branch to play ball with us. | ||
| Let's do the rescissions. | ||
| We're part of it. | ||
| We can do those in majority vote. | ||
| They won't get hung up with the 60-vote filibuster limit. | ||
| Don't do the impoundments. | ||
| Please don't go there. | ||
| Let's test it in the court. | ||
| And now you know the reason Russ and these guys haven't put it forward. | ||
| They got the package ready. | ||
| Haven't put it forward because they can't pass it with a Republican majority in both houses. | ||
| Dave Brat. | ||
| Yeah, well, that's exactly right, and it's exactly also why when we talk to politics, the most important thing is missing, and that's communicating with the American people and running on a contract that the American people love, like Trump did. | ||
| This bill they put together, they've just been relying, everybody knows the trick that's up here, right? | ||
| This big, beautiful bill, the reason the House and the Senate won it was because it had the imprimatur of President Trump coming in in the end and saying, look, we've got to vote for this. | ||
| So much pressure. | ||
| Just jam all the pork into this one giant big bill. | ||
| Run the clock out so you can't explain it. | ||
| Dave Walsh did a great job yesterday on the politics of it, right? | ||
| The six senators on the green pork. | ||
| Republicans, two of them in North Dakota, etc. | ||
| And we don't have enough time to call everyone out. | ||
| They're donors, right? | ||
| They're getting money. | ||
| The nomenclature, when I was back in, I made reference to the giant... | ||
| And if you take it out and give it back to the budget process, to the American people, it comes away from somebody. | ||
| Right? | ||
| That's the key. | ||
| That money goes away from a prospective donor or someone who you've already made promises to, and that's all that's going on right here, right? | ||
| And from the defense down to the green, you're just seeing just politics, money and power comes down to the same things every time. | ||
| Talk to me. | ||
| You've got some charts to go through. | ||
| Let's go through them. | ||
| Yeah, well, you brought up, you know, this is the other thing. | ||
| We're fighting against the mainstream media. | ||
| And so, you know, keep the ninth commandment in mind. | ||
| I know Morning Joe was a good Baptist, went to Sunday school, but Joe, maybe you can tell us the ninth. | ||
| It's do not lie. | ||
| Don't bear false witness. | ||
| More on that in a minute. | ||
| The media's been doing this. | ||
| Yes. | ||
| They've been lying. | ||
| It's just straight up lying. | ||
| If we would just tell the truth, it would go a long way. | ||
| Here's the lies. | ||
| If you want to put up the first chart, they're making reference to the stock market. | ||
| S&P 500 falling like the Great Depression. | ||
| Here's the Great Depression for you. | ||
| That's what a stock market looks like. | ||
| Down by 1932. | ||
| You see it starting at the peak in 1929. | ||
| Down to less than one-fifth of the 1929 peak. | ||
| An 80% loss. | ||
| One-fifth down at the bottom of the Great Depression. | ||
| That's a Great Depression. | ||
| There's your stock market. | ||
| Now they're going to compare it to today's stock market. | ||
| Next chart, Denver, to the Trump tariff thing. | ||
| Here's the, on the far left, there's 1929 with a real plunge, right? | ||
| That's what a depression looks like. | ||
| The blue line going straight down the far left. | ||
| To the far, far right, you'll see the graph going down just a smidgen. | ||
| That's the Trump tariff thing, and the markets have already made up the ground. | ||
| And again, as you said, Steve, we're not hanging our hat on the market. | ||
| The market goes up and down, and Trump's accomplishing some things with the real economy that might cause a little turbulence in the short run. | ||
| But the next chart shows it even more clear. | ||
| This is the same thing. | ||
| This is the S&P 500 on the far left. | ||
| There's your Great Depression. | ||
| That's what a depression looks like. | ||
| This is what the mainstream media, Ari Melbourne was there, and the whole host of them, all the leftists, the Bloombergs, the CNNs, we're all making this point. | ||
| To the far right, go to the far, far right, you'll see the COVID red spike going way down. | ||
| That's the market tanking. | ||
| To the far, far, far right, the effect of the Trump tariffs you can't see because it's so small it doesn't even show up on the chart. | ||
| Right. | ||
| You can go out to Market Watch. | ||
| And Market Watch. | ||
| We've had some. | ||
| We've hit some air pockets. | ||
| You've hit some air pockets. | ||
| 2008, you had the pandemic. | ||
| You've hit some air pockets. | ||
| Not equivalent to obviously the Great Depression, but you've hit some air pockets. | ||
| That's going to happen. | ||
| That's what markets are for, to correct. | ||
| But this thing was a blip. | ||
| It was a blip. | ||
| And remember, for an entire week, Stephanie Rule, every night, you know, she's sucking on the stem of the glasses, and you've got all the big thinkers around her, and it's worse than the Great Depression. | ||
| It's 1930, since April of 1932, have you seen this? | ||
| And they're smart. | ||
| They're lying. | ||
| They're smart. | ||
| Dave, Brad, we're going to book you on Stephanie Rule. | ||
| The first thing you're going to say is the Ninth Commandment, that thou shall not bear false witness. | ||
| No. | ||
| Correct. | ||
| Correct. | ||
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| Promo code Steve. | ||
| Talk to Natalie Dominguez and the team on how to protect your castle. | ||
| Short break. | ||
|
unidentified
|
Here's your host, Stephen K. Van. | |
| You know, we're up, it's always pre-dawn when we get ready here in the war room. | ||
| And when President Trump is in these trips, normally we're up all night in the middle of the night. | ||
| And this trip has been amazing. | ||
| At the top of the hour, we're going to go through all that. | ||
| Just stunning developments in the Middle East and really implications and impact throughout the entire world. | ||
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| War Room ready. | ||
| I want to talk. | ||
| I got Brett. | ||
| Brett, I need you to hear this, right? | ||
| So I got Schilling and Schilling's hair's on fire all night going through this bill. | ||
| And this is the kind of thing, the games have got to stop here. | ||
| Talk to me about the sex change. | ||
| The sex change operations. | ||
| This is a foundational element of why Trump won culturally, right? | ||
| That nobody, particularly working class black men and Hispanic men, didn't know this stuff was going on about their kids, or they knew it about being dictated to, but it could change, and President Trump's changing it by getting the woke and weaponized out. | ||
| However, there's still this whole thing about sex changes. | ||
| I thought this was verboten, that this was done. | ||
| I don't even know why we're having this conversation. | ||
| Shilling. | ||
| Tell me what's in the big, beautiful bill. | ||
| So we've got a partial win here. | ||
| We've got a partial win, which we need full wins. | ||
| The partial win here is that Congress has cut... | ||
| Federal funding for sex change procedures for minors, right? | ||
| So they're limiting it at 18 and younger. | ||
| They're not going to get a funded sex change procedure. | ||
| The thing is, it's unpopular to fund any sex change procedure. | ||
| We need the defund to apply to everyone. | ||
| No one should be having their sex change procedure paid for by you, me, or my grandma, or my mom, or anyone. | ||
| If you want to get a sex change, first of all, you shouldn't be able to get one if you're a kid. | ||
| Every American is against that. | ||
| That's a 90-10 issue. | ||
| But when it comes to the taxpayer funding of it, no American wants a single penny to go towards these procedures. | ||
| Full stop, because I can tell the audience's heads are blown up already. | ||
| Are you telling me that there's even a concept? | ||
| The taxpayer dollars are going to go to continue to fund these sex change operations for folks that, you know, have issues? | ||
| Are you telling me that right now and voted out of putting forward in this bill by Republicans or funding of sex change operations for anything but kids? | ||
| The prohibition on taxpayer funding for sex changes only applies to those 18 and younger. | ||
| It needs to apply to everyone. | ||
| For so many reasons, right? | ||
| Steve, the ad, the they-them ad that attacked Kamala for funding sex change procedures for federal inmates, that ad was seen more times by more people and was the most remembered ad in all of the Democrats' after-action focus groups. | ||
| This is a powerful issue. | ||
| Americans are taxed enough. | ||
| We have $37 trillion in debt. | ||
| We have to balance this budget. | ||
| And you can't tell me you're serious about balancing the budget if you won't even stop paying for adults. | ||
| This is absolutely... | ||
| First of all, just from a fiscal sanity standpoint, we shouldn't be paying for this. | ||
| But from a morality standpoint, we shouldn't be harming people by sterilizing and mutilating them with our tax dollars. | ||
| It makes us all culpable. | ||
| This is an absolute mess, but what I said earlier is right. | ||
| We have a partial win right now, but we need a full win. | ||
| We have $37 trillion in debt. | ||
| We have Congress, both houses. | ||
| Why are we giving the Democrats any? | ||
| Any support, any leeway. | ||
| No one wants these things funded with our tax dollars. | ||
| I will tell you, full disclosure, they differentiate on the prohibition of this. | ||
| They only want to ban these sex change procedures for minors. | ||
| Americans think, you know, if you're an adult and you want to do this stuff, fine. | ||
| But when it comes to who's paying for it, we don't want to pay for it. | ||
| No one does. | ||
| What Republican, though, in these committees, what's the justification? | ||
| For doing something the Democrats, because these are all Democrat constituents. | ||
| What's the logic? | ||
| Why are we caving on this? | ||
| They're not giving any logic. | ||
| It's all silence. | ||
| It's all rumors. | ||
| Who is it? | ||
| It's Brian Fitzpatrick. | ||
| The guys that are rumored right now are Brian Fitzpatrick and, oh my gosh, I'm blanking, Mike Lawler from New York. | ||
| Those are the two guys that are giving the most grief in the caucus meetings. | ||
| We don't know. | ||
| Here's the thing, though, Steve, that they're not talking about. | ||
| By limiting it to minors, they're actually opening up the entire prohibition of taxpayer funding to get struck down by the parliamentarian. | ||
| The parliamentarian can actually say this is too much policy. | ||
| So I'm going to get nerdy on you, and it's a good thing Dave Brat's on. | ||
| So it has to be germane. | ||
| To the fiscal nature of the bill. | ||
| This is a reconciliation bill. | ||
| It's a funding bill. | ||
| So if you only ban it for children, the parliamentarian can actually say, actually, this has to get struck out because you're making a policy decision. | ||
| You have to strike it out and say that the federal government can't afford this for anyone. | ||
| Because if you say you can afford it for adults, why can't you afford it for minors? | ||
| That's a morality. | ||
| That's a policy decision. | ||
| We've got to strike it for everyone to save money and to save people. | ||
| These people are mentally ill. | ||
| They need real help. | ||
| They need to sit down. | ||
| The counselor and accept their bodies and get rid of this self-hatred that they're suffering from. | ||
| I'm sorry. | ||
| This is terrible. | ||
| No, no, no. | ||
| This is huge. | ||
| Where do people go to get you over American Principles, what you guys are working on, your social media? | ||
| How do they get in? | ||
| I don't want people to go to the ramparts yet. | ||
| I want to get all the information, and then we're going to do a formal, you know, you've got to get rid of this. | ||
| But where do they go to get more information on this? | ||
| Because I can tell you, the audience's heads are already blowing up, sir. | ||
| Just follow me on Twitter. | ||
| I'll be posting updates all day. | ||
| It's shilling1776 across all major platforms. | ||
| But just go to X because that's where I'm going to be posting most of the things. | ||
| But this is more than just going after Lawler and Fitzpatrick. | ||
| You've really got to get to the committee, right? | ||
| Eventually, to get this out, you've got to get to the committee. | ||
| Do I take that correctly? | ||
| Yeah, no, that's right. | ||
| We've got to get, but those are the, there's like 10 members. | ||
| We've been directing our activists to light their phones up. | ||
| So if you sign up and get engaged, go, oh, actually, you know what? | ||
| Go to AmericanPrinciplesProject.org, sign up. | ||
| We'll get you directed to the right people to call. | ||
| We have 10 members that we're targeting to get this over the finish line. | ||
| But yeah, 10 members. | ||
| If you get this, I tell you what, after you get off, get that to Grace also. | ||
| We'll get the Bill Blaster crew up on top of this too, the Warren Posse. | ||
| So, okay. | ||
| Great work. | ||
| This is the kind of thing Trump doesn't know about. | ||
| If you told Trump this right now, you'd go, are you crazy? | ||
| What are you doing? | ||
| Steve, it's what he won the last election on. | ||
| He won the last election on this. | ||
| This is what put him over the finish line. | ||
| What are we doing here? | ||
| It's terrible. | ||
| It's terrible. | ||
| Terry Schilling, you're the best. | ||
| Thanks, Steve. | ||
| Brett, your thoughts. | ||
| How does this happen, brother? | ||
| Yeah, it's just an abomination. | ||
| I mean, try running this by the Muslims or the Hindus or the Confucians. | ||
| You'd get laughed out of the room. | ||
| It's just a straight-up attack on the Judeo-Christian West. | ||
| It's just this slow decay. | ||
| It's a lack of strength and courage, just like in the budget process. | ||
| The decay of the U.S. is mainly from moral weakness. | ||
| And this is the clearest sign, right? | ||
| This is a 90-10 issue. | ||
| I think Terry Schilling said that in the past. | ||
| It's a 90-10 issue. | ||
| And we're getting rolled. | ||
| And so it's just got to stop. | ||
| You know, we just need a Senate and a House full of Americans who love this country because this is not compatible. | ||
| It's like you've been saying, right? | ||
| A lot of poor people can't get procedures for health care. | ||
| They got dying kids. | ||
| And we're paying for this? | ||
| I mean, that's the proper moral juxtaposition. | ||
| There's only one reason we're doing this, and it's because the left is trying to tear down our culture. | ||
| That's what's going on. | ||
| But in the big view, because it's a big view for Bill, let's be honest, as an omnibus, what needs to happen is they need to be going through this like a Sith through grass to get out all of this Woken weaponized. | ||
| We need to get every single penny. | ||
| That's absolutely not necessary for either the United States of America or American citizens. | ||
| It's got to come out now. | ||
| We've got to get on the glide slope from the 6.5% deficit to GDP to 3.5%. | ||
| We're not doing that. | ||
| The only way that's going to happen right now in this thing is gimmicks. | ||
| We've got to get rid of the gimmicks and to know that this is in there. | ||
| And then when you know this is in there... | ||
| The bill's going to be 9,000 pages long. | ||
| You just realize how we're supposed to go through all 9,000 pages. | ||
| Now, we have people doing that. | ||
| But you sit there and go, hey, we got you guys in here, and now we have to police you? | ||
| That you didn't just zero out this funding or something that's so outrageous? | ||
| Because there's going to be a lot of other stuff in there that's less outrageous but has to go anyway. | ||
| The mindset, and this is what Johnson, as the entrepreneur, and Holly... | ||
| I can tell you up here, people are shocked about the lack of urgency of this problem. | ||
| That the people that should be the leadership are just sitting here and thinking, oh, and the 10-year bond market is 4.48. | ||
| They're going to have a say-so in this. | ||
| The global bond market is going to have a say-so. | ||
| Because right now, remember, your entire life, your car loan, your mortgage. | ||
| Right? | ||
| Your credit cards, everything's predicated, as you've learned here in the worm, off the 10-year treasury. | ||
| And guess what? | ||
| It's going up. | ||
| It's not because of Trump's trade and tariff. | ||
| That is not why it's happening. | ||
| It's going up because the markets sense there's not discipline of the political class here on Capitol Hill to address these issues, Dave Bratt. | ||
| Yeah, well, if you want me to hit the last couple charts real quick, it ties exactly into the bond market. | ||
| Next chart, Denver, while they're pulling it up, I might just add to the lying part. | ||
| Ananias and Sapphira in the New Testament, Acts 5, killed for lying. | ||
| Elisha crushes. | ||
| Jeremiah condemns. | ||
| Jesus Christ says, hell for those who do continued, unrepentant lying. | ||
| And so when it comes to continued, unrepentant lying, here's more of it. | ||
| This is back from 2014. | ||
| There was a taper, the Federal Reserve taper, threatening to just slow down the creation and printing of money just a teeny bit. | ||
| And just on the announcement effect, the stock market goes down on that graph on the red. | ||
| The black one, the super dive, is the Great Depression. | ||
| And back in 2014, they said the same thing. | ||
| This is just like the Great Depression, except it wasn't. | ||
| Next chart. | ||
| Here's another chart that aligns it. | ||
| This is the same as the last graph. | ||
| It's just how statistics can lie. | ||
| The red line is the Great Depression. | ||
| The 2014 taper tantrum is below it. | ||
| It goes down a little bit. | ||
| And then it recovered, just kind of like with the Trump tariff graph. | ||
| And that's the story, right? | ||
| The lying just never, ever ends. | ||
| And this brings us back to the 07-08 Federal Reserve story, where they started printing, adding $3 trillion to their balance sheet. | ||
| And then we got addicted to the low interest rate, zero interest rates for a decade. | ||
| And then Wall Street got addicted, and we pumped up and formed another bubble, the stock market bubble again, and we're trying to break free from that. | ||
| And the only way to do that is with the improvements in the real economy that Trump's bringing to capital investment, not the stock market, not financial capital, real working capital in the hands of the American worker that lifts their wages. | ||
| And so the lying in the mainstream media has to stop. | ||
| This show is the best news show and everyone needs to spread it. | ||
| But it's serious matters. | ||
| The press just gets away with murder on these stories. | ||
| It's just like the Great Depression. | ||
| It is nothing of the sort. | ||
| And we've got to stop it on the war room. | ||
| They're not going to stop lying because they've got an agenda. | ||
| You know they've got an agenda. | ||
| What we have to do is continue to pound them. | ||
| With the truth, the counterfactual, which is what you come up with the charts and the analysis we do. | ||
| The one thing we know is that we need supply-side tax cuts and the supply-side tax cuts to be made permanent. | ||
| We need tax cuts for the middle class and the working class, and we need those to be made permanent. | ||
| We also need no tax on tips, no tax on overtime, and no tax on Social Security. | ||
| I don't see the Social Security. | ||
| I see a workaround. | ||
| I just don't see the no tax on it. | ||
| Short break. | ||
|
unidentified
|
Let's take down the CCB. | |
| Here's your host, Scott. | ||
| Okay, welcome back. | ||
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| Dave Bratt, the floor is yours. | ||
| I know you've got more charts you want to go through. | ||
| They're quite important in your journey as a truth teller, sir. | ||
| Yes, yes, I do my best. | ||
| I'm flawed as well. | ||
| But there are brothers over there at the Catholic Wall Street Journal who are in company with the charts I just put up prior are having a problem with the truth, too. | ||
| The Catholics are familiar with the sins of commission, but also the sins of omission, as you'll see on the chart right here. | ||
| The only time the Wall Street Journal seems to have any attention paid to or analysis on spending is when they're trying to hit President Trump or Elon Musk. | ||
| So here they have an article called See How Government Spending Is Up, Even As Musk Touts Savings. | ||
| They have not trained their eyes or given any recommendations of the $7 trillion that can be cut in their paper over the past year that I've seen. | ||
| But this does. | ||
| They have provided the receipts on one thing. | ||
| The spending is up more this year than it was last year. | ||
| This is, of course, incumbent on Congress. | ||
| Congress is responsible for the budget process. | ||
| And so, you know, light them up. | ||
| Light them up. | ||
| The Congress is not doing their job. | ||
| The total spending is way up. | ||
| And it's an embarrassment. | ||
| And as Steve has said, there are going to be grave economic consequences. | ||
| Not only the bond market, but also the real economy. | ||
| All this $7 trillion is siphoned away from the real economy, right? | ||
| That used to be Econ 101 macro. | ||
| Just the trade-offs. | ||
| More government spending sucks the energy out of capital investment, out of the economy, and you get anemic economic growth. | ||
| And that's why CBO says we're going to have growth at 2% for the next 30 years. | ||
| So the left can spin and dance and talk about the stock market and the Great Depression all they want. | ||
| They can't answer. | ||
| Wall Street Journal, where's your analysis? | ||
| Why is the economy going to grow at 2% for the next 30 years? | ||
| Dear Wall Street Journal, you're much smarter than me, so I'm dying to hear these answers. | ||
| All right, let's hit immigration for a little bit. | ||
| Compliments of Rosemary Jenks at Immigration Accountability Project. | ||
| Please support them. | ||
| Immigration Accountability Project. | ||
| Go out and this is the only group in the country that is taking it to the Congress, right? | ||
| Instead of listening to their donors, they're trying to put pressure on the Congress to get things right with immigration. | ||
| What's wrong with immigration? | ||
| Denver, if you want to put up the next chart. | ||
| These are H-1B visa numbers for FY2026, and they're still way too high, way too big. | ||
| And so what's going wrong here? | ||
| Congress sets the caps for H-1B visas. | ||
| So this is Congress's fault. | ||
| So their issuance is essentially on autopilot. | ||
| U.S. CIS. | ||
| Customs immigration is required to comply with this law. | ||
| So Congress has to change this law. | ||
| Okay, we're going to get Rosemary Jenks to deal with something else today. | ||
| We're going to get back to this. | ||
| In a time where they're having mass layoffs in tech, coupled with AI coming in and going to take off all the entry-level jobs, AI is going to eviscerate the entry-level of the STEM. | ||
| Learn to code. | ||
| They've approved 135,000 H-1Bs. | ||
| Well, guess what? | ||
| This is not going to happen. | ||
| We're going to light up every member in this that supports this. | ||
| This is outrageous. | ||
| Here's how many H-1B visas we need this year. | ||
| Zero. | ||
| In fact, if you look at that chart, everyone that's been issued has to be unissued. | ||
| Everybody's got to go home, and every one of those billets has to be... | ||
| Replaced by an American citizen. | ||
| They cannot show you one example of a billet that someone's in that billet has better education or better experience than an American for that billet. | ||
| The reason they're doing this is they're paying these people 50% less. | ||
| And they're working them 20 hours a day, 7 days a week as indentured servants, which essentially they are. | ||
| This is an outrage. | ||
| This is how Congress and big tech is out to screw the American worker and these kids that work forever to get through school, get through college, high school, just focused on computer science, electrical engineering, these type of engineering, and then you can't get a job because the industry is going through a downturn and artificial intelligence is kind of thing. | ||
|
unidentified
|
Dave, Brad, where do people go to get you, sir? | |
| Yeah, and at a minimum, anyone that's hiring in the tech field should be barred from. | ||
| Anyone that's laying off tech workers should not have any access to H-1B. | ||
| Yeah, Dave Bratt on X. I want to thank also Heather Cross, and she's having me out to Indianapolis for the Indy 500 at the First Principles Forum. | ||
| Firstprinciplesforum.org if you want to come out to Indianapolis and hear me at the Lucas Estate. | ||
| Quite a beautiful place. | ||
| Come join us. | ||
| Okay, the engine room is telling me that Dave Bratt should be over at the comms department and the treasury department. | ||
| What do you say, war room posse? | ||
| Would we give up Bratt for that? | ||
| I think we would. | ||
| We wouldn't give him up easy, but I think we would. | ||
| Liberty, I think he would serve his nation. | ||
| Dave Bratt, we love you, brother. | ||
| Don't ever change. | ||
| Love you back. | ||
| Thanks, you guys. | ||
| Short commercial break. | ||
| We're going to talk about President Trump's trip. |
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