May 20, 2025 - Bannon's War Room
54:22
Participants
| 
| Speaker | Time | Text |
|---|---|---|
| Okay, welcome. | ||
| It's Tuesday, 20 May, year of 2020. | ||
| An extraordinary morning already. | ||
| It is. | ||
| I got Dave Bratt right in shotgun with me. | ||
| It is unheard of for the President of the United States to go to Capitol Hill to speak to a conference to whip votes on his budget. | ||
| So already this is pretty historic this morning. | ||
| Did you ever see it when you were in Congress? | ||
| Ever heard of it? | ||
| No. | ||
| No, once in a while. | ||
| I stay at the unions, those kind of things. | ||
| Maybe an offsite once in a while, but that's it. | ||
| But no coming over. | ||
| To whip votes. | ||
| No. | ||
| And he's whipping hard. | ||
| Okay, here's what we're going to do. | ||
| The president's in the conference right now. | ||
| I think it's going to be a little heated because he came in throwing down hard. | ||
| There's some voices in there that say, hey, we've got to get our hands around Medicaid. | ||
| You're going to blow up the deficit. | ||
| We're going to play a cold open. | ||
| It's going to go through what the president actually said. | ||
| We're going to come back. | ||
| We're going to be covering this live. | ||
| All morning. | ||
| As soon as the president steps out and goes back to the sticks, we're going to cut immediately to this. | ||
| Let's go ahead for the cold open to this morning's war room. | ||
|
unidentified
|
One of the challenges for Speaker Johnson is that he has tight margins and a lot of people wanting a lot of disparate things, at times contradictory things. | |
| We've seen President Trump be very successful in keeping the Republican Party in line so far. | ||
| He has had his priorities pushed forward on Capitol Hill for the most part. | ||
| But at the end of the day, Speaker Johnson needs to get the votes across the line. | ||
| And there are despite the, you know, the passage or the clearing of this first step in the House committee. | ||
| There's a lot of uncertainty about the next steps. | ||
| There are moderates who are concerned about salt caps. | ||
| There are conservatives who are concerned about Medicaid cuts not being aggressive enough. | ||
| There's just a whole lot to be figured out. | ||
| And then, as you just pointed out, the Wall Street Journal reporting that this is going to add to the deficit, which is going to concern the fiscal hawks in the Republican conference. | ||
| So the Speaker of the House has quite a bit of work cut out for him in the coming days. | ||
| At the end of the day, Trump is going to urge them to pass the bill, but it's unclear if not. | ||
| And as we move toward the midterms, these... | ||
| These more moderate members of Congress who are ultimately going to decide whether the Republicans are going to keep the House are the ones that are going to face some of the most pressure. | ||
| It'll be interesting to see how they respond, particularly to President Trump and the pressure we expect him to exert on them in the coming days. | ||
| Mr. Speaker, what do you want to hear from the President this morning? | ||
| Well, I just got off the phone with the president. | ||
| He's on his way over. | ||
| He's excited to talk to the House Republicans this morning, and we're excited to have him. | ||
| This is a big week for his agenda, for all of us. | ||
| We've been working on reconciliation for more than a year, as you all know, and it all comes down to these final details. | ||
| And I think the president is going to encourage everyone this morning to get in line and get the votes done. | ||
| We need to deliver this to the American people. | ||
| The American First agenda is all wrapped up into one big bill, and we're really excited. | ||
| to deliver it this morning. | ||
| So we're delighted. | ||
| I'll be meeting the President when he arrives here very soon. | ||
| We're walking him in and introducing him. | ||
| And I think it's going to be a great morning for the Republican Party and the House Republicans in general. | ||
| So we look forward to it. | ||
| Thanks for being here. | ||
|
unidentified
|
He's just so much. | |
| He's still out there, sir. | ||
| One heart attack away from losing the House. | ||
| Okay? | ||
| That's a big because we won some elections, as you probably noticed, and we're going to win a lot of elections. | ||
| We have an economy that's roaring. | ||
| We took out 5.1 billion. | ||
| If you take a look, 5.1 trillion, with a T, not a B. 5.1 trillion in the Middle East. | ||
| They're investing more than that. | ||
| It's going to be ultimately more than that. | ||
|
unidentified
|
180 white-body Boeing aircraft. | |
| They're spending money at levels that nobody's ever seen. | ||
| Usually a president goes for a trip. | ||
| He loses money. | ||
| In other words, he gives money. | ||
|
unidentified
|
We went for a trip, but we took out $5.1 trillion. | |
| Nobody has ever seen anything like it. | ||
| And that's just the beginning. | ||
| So I think we're a very unified party. | ||
| The Senate's doing great. | ||
| John Thune is doing fantastic. | ||
| He's a great guy. | ||
| A bill, the one big, beautiful bill, I think it's going to be, it's the biggest bill ever passed, and we've got to get it done. | ||
| Tremendous tax cuts for people, tremendous incentives, tremendous regulation cuts, all these regulations that are so horrible. | ||
| And now you find out what happened, because Biden, look, it's a very sad thing what happened, but we're going to start looking into this whole thing with who signed this legislation. | ||
| Who signed legislation opening our border? | ||
| I don't think he knew. | ||
| I said there's nobody that could want an open border. | ||
| Nobody. | ||
| And now I find out that it wasn't him. | ||
| He auto-panned it. | ||
| Who was operating the auto-panned? | ||
| This is a very serious thing. | ||
| We had a president that didn't sign anything. | ||
| He opened the borders of the United States of America. | ||
| And I kept saying, who would do such a thing allowing criminals to pour in from all over the world? | ||
| Not just South America, all over the world. | ||
| They came in from Africa. | ||
| They came in from Asia. | ||
| They came from the Congo. | ||
| The prisons in the Congo and Africa, these are rough, rough people. | ||
|
unidentified
|
The prisons from the Congo are empty. | |
| You know where they are? | ||
| They're in this country. | ||
| Who would sign this? | ||
| Nobody would sign it. | ||
| No sane person would sign it. | ||
| You know who signed it? | ||
| Radical left lunatics that were running our country. | ||
| And the auto pen signed it. | ||
| And they didn't want him, and they were disappointed in getting him because they wanted Bernie Sanders. | ||
| And then after about two weeks they said, wait a minute, this is a gift. | ||
| He'll do anything. | ||
| We're going to use the auto pen. | ||
| And they used the auto pen in everything. | ||
| He didn't approve this stuff because when Joe Biden was with it, he would never have approved it. | ||
| You take a look. | ||
| He would have never approved open borders. | ||
| Go ahead, Mr. President. | ||
|
unidentified
|
Are Republicans still grandstanding in your view? | |
| Oh, yes, you have a couple that will grandstand, but I think even the grandstanders should. | ||
| Look, the alternative is a 68% tax increase. | ||
| And you can blame the Democrats for that and one or two grandstanders. | ||
| We only have one or two, but we have tremendous support. | ||
| But you'll have a 68% tax increase, or you'll get a massive tax decrease. | ||
| You'll get a tax cut the likes of which we've never had before. | ||
| This is bigger than any Ronald Reagan tax cut. | ||
| It's even bigger than the tax cut that I did, because as you know, that's being extended and increased. | ||
| So this is the biggest tax cut in the history of our country, or you'll get a 68% tax increase. | ||
| And if that happens, I mean, what Republican could vote for that to happen? | ||
| Because there wouldn't be a Republican much longer. | ||
| They would be knocked out so fast. | ||
| But we're going up to details. | ||
| This is a... | ||
| I'm a cheerleader for this party, and I'm a cheerleader for the country. | ||
| Much more importantly for the country. | ||
| But I'm a cheerleader for the party, and we're going to go up, and I think we're going to have a very good discussion. | ||
| There are one or two points that some people feel strongly about. | ||
|
unidentified
|
I want to just point, do you consider some of the proposals on the table, like co-pay provider tax, as a benefit cut? | |
| How are you viewing that? | ||
| We are looking at one thing. | ||
|
unidentified
|
We're not doing any cutting of anything meaningful. | |
| The only thing we're cutting is waste, fraud, and abuse. | ||
| With Medicaid, waste, fraud, and abuse. | ||
| There's tremendous waste, fraud, and abuse. | ||
| There's incompetent things, but we have illegal aliens that are multiple killers with multiple murder records. | ||
| Getting Medicaid. | ||
| I don't think anybody minds that we cut that. | ||
| The Democrats, on the other hand, are going to destroy it because they're going to leave these people on. | ||
| We're cutting three things. | ||
| Waste, fraud, and abuse. | ||
| We're not changing Medicaid, and we're not changing Medicare, and we're not changing Social Security. | ||
| And if I wanted to do those things, I would have done it during my four years. | ||
|
unidentified
|
Mr. President, what's your message to your fellow New Yorker Republicans who are hung up on the salt issue? | |
| Well, salt is a very interesting thing because the governors of New York and Illinois, you know, the big JB who's gone nowhere, probably right now he could be the worst governor in the country, but Illinois and Gavin Newsom, those are the people that want this. | ||
| And they're Democrat states. | ||
| They're all Democrat states. | ||
| You know, Ronald Reagan tried very hard to get this passed, was unable to do it the way we have it, where basically everybody's treated equally. | ||
| He tried it so hard, and he never got it done. | ||
| He was always disappointed. | ||
| He never got it done. | ||
| We got it done. | ||
| Now people want to change it. | ||
| So we're going to be talking about that. | ||
| But the biggest beneficiary, if we do that, are governors from New York, Illinois, and California. | ||
| And those governors are the ones that blew it because they weren't able to get it. | ||
| So I think we're going to be explaining that. | ||
| These are all very blue states that I don't really believe. | ||
| If we had honest elections, I don't actually believe. | ||
| I think I would have won California. | ||
| I would have won New York. | ||
| I even think I would have won Illinois. | ||
| I think if we have to, you know, we're going to start this after I was talking to Mike. | ||
| And again, I'm his biggest fan. | ||
| I love this guy. | ||
| He's the only guy who could have walked in with a one. | ||
| Think of it. | ||
| You can't be a guy like me and have a one majority. | ||
| You have to be a guy like him. | ||
| A nice person. | ||
| He's very religious. | ||
| He prays. | ||
| He's a man of God. | ||
| And so am I. But he's really to a new level. | ||
|
unidentified
|
I will tell you. | |
| He is a great guy. | ||
| They love him in Louisiana. | ||
| They love him in... | ||
| That's the only kind of guy. | ||
| Somebody said, oh, well, we want somebody... | ||
| If you put a certain personality in there, you would have never... | ||
| Look at what he got passed. | ||
| What he's gotten passed. | ||
|
unidentified
|
And just so you understand, he's getting this best too. | |
| And I don't think there's anybody I can give you guys that is so tough, you guys would run if you ever looked at him. | ||
| If you ever saw some of these guys, you would not ask them questions you'd be afraid to. | ||
| This guy did something that I don't think there's anybody that's more well suited to be a Speaker of the House, especially under a case like this. | ||
| Remember, we had a majority of one for six months. | ||
| And that was a very frightening thing. | ||
| Because the Democrats have really hurt our country. | ||
| And we are going to go into very much, remember what I said, the auto pay. | ||
| This government was illegally run for four years. | ||
| Thank you very much, everybody. | ||
| That is Donald Trump, about to go in and meet with lawmakers to push a massive reconciliation bill, a bill that he said was the largest bill ever. | ||
| We're going to, or at least I am, I'm going to ignore the auto-pin conspiracy theory as well as the stolen elections as dicta, something that I suppose others may want to chase today. | ||
|
unidentified
|
I would rather focus, though, Julie, on the issue at hand. | |
| This is the primal scream of a dying regime. | ||
| Pray for our enemies. | ||
|
unidentified
|
Because we're going medieval on these people. | |
| I got a free shot at all these networks lying about the people. | ||
| The people have had a belly full of it. | ||
| I know you don't like hearing that. | ||
| I know you try to do everything in the world to stop that, but you're not going to stop it. | ||
| It's going to happen. | ||
| And where do people like that go to share the big lie? | ||
|
unidentified
|
Mega Media. | |
| I wish in my soul, I wish that any of these people had a conscience. | ||
|
unidentified
|
Ask yourself, what is my task and what is my purpose? | |
| If that answer is to save my country, this country will be saved. | ||
|
unidentified
|
War Room. | |
| Here's your host, Stephen K. Bannon. | ||
| An extraordinary event. | ||
| President Trump, let's just be brutally frank, he is at the conference today to whip votes. | ||
| The votes are not there. | ||
| He's going to whip votes against the Freedom Caucus and other deficit hawks that are saying, hey, I hear about waste, fraud, and abuse, but where's Elon? | ||
| Where's Doge? | ||
| I told you all, if it's going to be performative, you're going to pay a price, and now we're paying a price. | ||
| The president, I just want to repeat, the president of the United States has gone up to Capitol Hill because Speaker Johnson, it's obvious President Trump loves Speaker Johnson, but Speaker Johnson hadn't done his job. | ||
| He couldn't deliver this. | ||
| So the president, this is extraordinary. | ||
| For the president of the United States to go to the Capitol on something that's not the State of the Union and not like a declaration of war, to go up. | ||
| And as we said before, this is the main kind of event. | ||
| You've got the stopping the kinetic part of the Third World War. | ||
| You've got the sealing the border, which he's done, or closing the border, and the mass deportations, which we're driving towards a constitutional crisis on. | ||
| Getting the commercial relationships, which is the tariff and the trade deal, reset around America First and American workers and then stop the madness of the Biden years on the spending and at the same time be able to reiterate and put forward your tax cuts for the middle class and working class and plus add no tax on overtime, no tax on tips. | ||
| And look, it's not no tax on Social Security. | ||
| It's a $4,000. | ||
|
unidentified
|
What, write-off or $4,000 deduction. | |
| But at least it's a start, not perfect a start. | ||
| However, the spending is very simple. | ||
| For Russ Vogt and all the great guys working, the structural changes take place in the out years of the 10-year budget. | ||
| In the first couple of years, the deficits go up. | ||
| They're asking for a $4 trillion relief to the debt ceiling. | ||
| And my math, which has never been wrong, shows we're going to blow through that before Election Day and the midterm elections. | ||
| But the president's up there, and hey, he's not up for a discussion. | ||
| He's going to throw down hard. | ||
|
unidentified
|
So we'll see who has the stones to go to the microphone that's in the conference. | |
| We've heard a lot of talk. | ||
|
unidentified
|
We're about to see Andy Harrison and crew. | |
| If you go to the mic. | ||
| Expect to be hit by a... | ||
|
unidentified
|
Have your facts ready because President Trump's not up there for a debate. | |
| Okay? | ||
| Pretty obvious. | ||
| I want the votes. | ||
| I want them now. | ||
| I want to move on. | ||
| We're going to be covering this all morning. | ||
| My wingman, Dave Brat, here on a fixed bayonet's day. | ||
| President of the United States, Capitol Hill. | ||
| Historic meeting. | ||
| Short commercial break. | ||
| We're going to go cut live to President Trump as soon as he steps out and goes to the sticks. | ||
| Stick around hearing the word. | ||
|
unidentified
|
In America's heart. | |
| Here's your host, Stephen K. Vance. | ||
| Okay, people are tweeting from inside the conference. | ||
| And we're going to try to get as many of those as possible. | ||
| Grace and Brad here are going to organize this. | ||
| So where are we? | ||
| Here's where we are. | ||
| I don't know. | ||
| There's 20 or some votes, maybe a little more, of folks that want to say, hey, we've got a shot here. | ||
| And I'm a pro-Medicaid. | ||
| To the degree, it is helping the working class and is not rife with waste, fraud, and abuse. | ||
| As you remember on this show with Elon, we kept harping on the fact that don't pick on the runts of the litter and don't go after programmatic things that are going to be taken care of in the normal course of business like USAID. | ||
| But go after, cross the Potomac and go to the Pentagon and go to Medicaid. | ||
| For the waste, fraud, and abuse. | ||
| So now the president's sitting there going, I fully support taking out waste, fraud, and abuse. | ||
| Okay. | ||
| Like, where's the doge? | ||
| And I hear there's some magic number, you know, 50 billion or 100 billion, but it's going to be through some rescission. | ||
| Now's the time to get all the cards on the table. | ||
| The president's up banging heads. | ||
| I mean, just in the conference, he compared Massey, I guess sitting there, to Rand Paul. | ||
| Which, I don't know, in Kentucky, that may not be a bad comparison day, Brett. | ||
| I mean, Kentucky's got its own way. | ||
| Of dealing things. | ||
| And hey, I'm not going to say who endorsed McConnell a couple of times, but Rand Paul and Massey seem to be pretty dug in there. | ||
| Kentucky's got its own way they do things. | ||
| They got a McConnell branch and they got a Libertarian. | ||
| You know, you get in those hills and hollers up there. | ||
| You got a lot. | ||
| Those Scotch-Irish, they were born fighting, right? | ||
| They got their own. | ||
|
unidentified
|
I know Massey's from, I think, the western part of the state. | |
| And Massey, look, he's a different character. | ||
| We disagree with him on a lot of stuff, but he's clearly smart. | ||
| He's just sitting there going. | ||
| And this comes down to Russ Vogt and the guys are saying, are telling the president, and they're accurate in this. | ||
| There are some structural changes that are taking place on mandatory programs, and that is a good thing. | ||
| The reality is those cuts, seeing the actual cuts on those programs don't come to the out years. | ||
| If you look at the 10-year budget, which I am, and by the way, it was reiterated today in the Journal, Financial Times, and Bloomberg with different quotes from financiers on Wall Street saying, hey, the only thing people are paying attention to are the first four years. | ||
| I happen to think, having done a lot of restructuring before, it's the first two years. | ||
| The benchmark I give is, hey, you're asking for a four trillion dollar lift in the debt ceiling. | ||
| That puts us at 40 and we're going to be at 40. We're going to be beyond 40 because they're asking for it in this reconciliation program to basically the duration of it. | ||
| It's either the four trillion or duration ends a couple of weeks after the midterm election in November and 26. My math, which is yet to be wrong. | ||
| I know the audience is not tired of hearing that. | ||
| It shows that we're going to blow through the four trillion, I don't know, sometime before Labor Day of 26. Now, this is why I keep saying for Hassett, particularly Hassett, the NEC, he can go up there and go on Fox all day long and talk about vote counts. | ||
| I don't need him talking about vote counts. | ||
| He's the National Economic Council head. | ||
| Our chief economist, CEA, in the first term. | ||
| We need him coming out and talking about math. | ||
| He goes out and gives this cheery, kind of happy talk on, we got the votes, we got the votes. | ||
| If we got the votes, hey, look, dude, that's fine. | ||
| But you're not a political guy. | ||
| Let the political guys talk about the votes. | ||
| If you got the votes, bro, why is the commander-in-chief and the president of these United States up on Capitol Hill, and President Trump is on Capitol Hill, he's whipping votes. | ||
| He's not up there for a discussion. | ||
| He's not going to give his grand theory. | ||
| He's up there to whip votes. | ||
| He's to tell guys, hey, look, I want this. | ||
| This is where I am right now. | ||
| I hear all the good things you've got to say about Medicaid. | ||
| I'm not interested. | ||
| I want to get it done. | ||
| I want to get it done now. | ||
| Now, I would say you've got to focus on these deficits blowing up because guess what? | ||
| The bond market right now, the 10-year Treasury is over 4.5. | ||
| The 30 is close to 5. And we'll say, well, Steve, big deal. | ||
| The people just came out, the economies. | ||
| I said, I got all that. | ||
| You've got to look downrange on these things. | ||
| This is how we've gotten into this jam. | ||
| And looking downrange is the fact that I don't think the Treasury Department, the games Yellen played, and got us into this jam with Biden, with a compliant Senate Republicans led by a guy from Kentucky, Mitch McConnell. | ||
| That's how we got here. | ||
| Okay? | ||
| You look at this and you understand that, hey, we may have a problem in the out years. | ||
| Dave Brett, you're signaling. | ||
| Just jump into the microphone. | ||
| What are you so polite for today? | ||
| I'm Presbyterian. | ||
| We're decent and good order people. | ||
| The Presbyterians, you all think this is foreordained anyway or whatever. | ||
| You've got the elect guys like you and a bunch of good papers like myself burning in the pits of hell. | ||
| It is all foreordained, just no one knows it. | ||
| Only God's mind knows it. | ||
| And there's the theology for the day. | ||
| The Wall Street Journal, of all folks, come in on the spending issue today and mention the Moody's downgrade and say it's time for the Moody's downgrade. | ||
| If Denver has the chart, it doesn't really matter. | ||
| It just shows we're spending way more than we're taking in revenues. | ||
| It's a long-term problem. | ||
| Japan is blowing up. | ||
| As of yesterday, the tails on their bond sales for 20 years and 40 years is out of whack. | ||
| They have a huge dilemma now. | ||
| Either they print money and get... | ||
| Blown out inflation or else they cut rates and then interest rates soar. | ||
| I don't agree with these guys, but they say Republicans could do something about this but may not have the votes. | ||
| And then Doge has cut around the edges. | ||
| Doge was, and I'm not trying to dump on Elon. | ||
| I'm trying to say exactly what happened here. | ||
| The political class up there are looking for a fairy godmother. | ||
| They're looking for a fairy godmother to come in with a magic wand and saying, we're going to take away from, we're going to take away from, are you directing now? | ||
| Yeah. | ||
| That we expect a fairy godmother to come in here and wave a wand and waste, fraud, and abuse is going to be a trillion dollars. | ||
| Remember I said that's redunculus, okay? | ||
| And what happened? | ||
| They didn't focus on Medicaid. | ||
| Medicaid's rife with waste, fraud and abuse. | ||
| Where is it? | ||
| It hasn't been defined. | ||
| Every day you can monitor what the Treasury puts out. | ||
| We're spending more cash than ever. | ||
| We're over a trillion dollars in deficit on the CR that we made permanently because the Speaker of the House didn't do the work, let's be blunt, didn't do the work that was necessary to get control of this thing. | ||
| Yeah, and the Wall Street Journal, you just said, they just finished their point and said, well, they may not have the votes for this. | ||
| Moving on, as if there's nothing to say. | ||
| The Wall Street Journal has done no homework, no sharpened pencil on all of these financial, they're the financial paper in the U.S. They haven't covered any of these sub-issues at all. | ||
| Only tax cuts. | ||
| Every day, all day, the benefits of tax cuts. | ||
| Great, we get that. | ||
| There's also a different theory of the case here, which I, and I hope people in the White House, in the Treasury, At least, here's the issue. | ||
| The deficits being this large means the debt gets larger because they get added. | ||
| You have to refinance the debt. | ||
| In the refinancing of the debt, my theory of the case, or our theory of the case, and many people's theory of the case, is that that's the embedded inflation. | ||
| This is why Yellen didn't go out and finance in 10s and 30s, because she realized that would blow up those and make it even more expensive. | ||
| Remember, the 10-year Treasury folks, It controls your financial life. | ||
| They didn't want to do it, so we did like a Banana Republic did. | ||
| We do it short term. | ||
| Scott Besson's trying to get away from that, but it's not away from it yet. | ||
| Not totally, right? | ||
| And so you add to these deficits, inflation's going to be there. | ||
| So next year, if you look downrange... | ||
| Yes, the tax cut in the supply side, although a lot of the supply side stuff is not permanent, not permanent. | ||
| And if you had more cuts, maybe you can make them permanent because you want a supply side tax cut, which focuses on work, productivity, capital investment. | ||
| We're all for that. | ||
| And who validated the shorts? | ||
| The other adult that's supposed to be in the room is the Federal Reserve Bank. | ||
| They accommodated all these moves of $2 trillion deficits without question. | ||
| Now when Trump wants a little tailwinds coming in on the tariff ripple for a few months while we get the $10 trillion in capital coming into the country and the $2 trillion... | ||
| You don't think that... | ||
| You're whining here yesterday at a Greenspan put. | ||
| Yeah. | ||
| You want Powell to cut... | ||
| Do you think a rate cut... | ||
| Right now, adds to inflation. | ||
| Yeah, it is a PhD doctor. | ||
| And where'd you get that doctor in economics from? | ||
| Yeah, the the American University. | ||
| I'm a populist. | ||
| I was the only conservative at American. | ||
| But yeah, not American University. | ||
| Yeah, right here. | ||
| Yeah. | ||
| Oh, my God. | ||
|
unidentified
|
Right here. | |
| To talk about a nest. | ||
| After seminary. | ||
| I wasn't properly trained. | ||
| You were not ready for that. | ||
| You're talking about a nest of left-wingers. | ||
| There's nothing worse. | ||
| You and Matt Boyle. | ||
| Matt Boyle's up there, I think, for a month, and they threw him out because he was saying, who's this nutcase? | ||
| Who's this right-winger? | ||
| Yeah, but the important point to underscore here is the role of the Federal Reserve. | ||
| They are not the mature adult in the room, right? | ||
| They've been monitoring our market. | ||
|
unidentified
|
What are you talking about? | |
| They're crazy. | ||
| 20 years of failure, right? | ||
| No, 20 years of failure, right? | ||
| Not failure, worse. | ||
| Accommodation to the worst instincts of Wall Street. | ||
| Right, right. | ||
| I mean, okay, so this is what he's battling. | ||
| Yes, all of it. | ||
| I do think that you've got to do a better case about what you were handed, which is a debacle, a total debacle. | ||
| By an out-of-control Fed, which makes the case about ending the Fed. | ||
| Also about how Yellen ran this like a banana republic. | ||
| And how the accommodationist Republicans, this was the political class, approved all this spending. | ||
| And listen, in the fight right now... | ||
| Even cutting out some of the spending is what it's about. | ||
| The Green New Deal stuff. | ||
| 20% of it was supposed to be because it's sprinkled into places that are red. | ||
| And in defense of my easy money ploy, I said, Trump, as the president, the CEO, it's the philosopher king. | ||
| He's in charge of the whole lot. | ||
| And so my easy money play is he's looking at the bond market revolt, the international revolt, the geopolitics. | ||
| And if he had a little easier money for a little bit, he might be able to make some bolder moves fiscally. | ||
| Burl Howell doesn't agree with you. | ||
| Last night, she saw the evening show. | ||
| We had the Vice President Mike Davis on. | ||
| That radical over the DC court. | ||
| Put a 100-page blistering opinion out of how Trump doesn't control anything as president, as chief executive. | ||
| He said it was unlawful to shut down the Institute of Peace, which is one of the most bogus things that we have. | ||
| Anyway, short commercial break. | ||
| The president of the United States is addressing the Republican conference. | ||
| And if people are going to go to the open mic, you might have a little back and forth. | ||
| We're going to see. | ||
| President Trump will step out. | ||
| He'll come to the sticks. | ||
| I'm sure we get a full download from the Commander-in-Chief momentarily here in the War Room. | ||
|
unidentified
|
Here's your host, Stephen K. Mann. | |
| Okay, so Jake Sherman is putting out some incredible tweets that are coming from the conference. | ||
| He's getting it straight. | ||
| Now, folks, you saw President Trump, Patton Johnson on the head. | ||
| I got it. | ||
| I got it. | ||
| We have a different opinion here. | ||
| The president, you know, he calls the shots, so that's the way it is. | ||
| I can do my yammering. | ||
| But, on something important... | ||
| Trump is now, this is a direct quote, Trump is now complaining about the debt limit deal that Kevin McCarthy cut with Biden. | ||
| This is the greatest, this is a greatest hit for Trump. | ||
| Boom! | ||
| Right there. | ||
| And that's got us in this jam. | ||
| We're dealing with, this is a great, we're dealing with a disaster given what he was handed. | ||
| Now, I hope that Andy Harris and the Hawks, every Hawk should get up there to the mic, address the president, obviously. | ||
| With respect, because people respect the president, and say, hey, look, here's where our facts differ, and we're doing this for you because this is going to be implemented now or in the summer or in the early fall. | ||
| The impact's going to come in the summer, early fall, next year before the midterms. | ||
| But then more importantly, Roland, this is about the direction of the country. | ||
| I want to go back to your thing. | ||
| Why do you think, because you're thinking like President Trump, he wants a rate cut now. | ||
| Why? | ||
| Well, if you just read the papers today... | ||
| I've got commodity prices falling. | ||
| Inflation looks like it's under control right now. | ||
| It's under control. | ||
| There's jobs concerns. | ||
| There's concerns about the kids coming out of college, finding jobs. | ||
| Most of that's AI. | ||
| Yeah. | ||
|
unidentified
|
So why do you want to cut rates? | |
| Step up to it, man. | ||
| Trump's going to say, hey, this war room thing, he's been calling Rob Sigge and saying, hey, I think Brad's doing a better job than Bannon. | ||
| Bannon's getting a little rusty here. | ||
| Brad's speaking the gospel. | ||
| The lords of easy money. | ||
| I want Trump's tariff strategy to be very effective. | ||
| I don't want him to back off of that strategy because of fiscal weakness or something, right? | ||
| Just give him some latitude. | ||
| That is your whole thing about you got to look at the whole geopolitical and commercial. | ||
|
unidentified
|
Yes. | |
| And you want a little runway now. | ||
| He's in charge of the whole thing. | ||
| And you risk a little inflation. | ||
| I don't think it's a risk right now. | ||
| The economy is not at full speed. | ||
| We've been handed a low productivity, low growth. | ||
| The only reason it's growing at all is because of the government spending. | ||
| And so if we do a little trimming or signal, we're going to do some trimming, that's going to send a forward signal that economic growth may not continue as strong either, right? | ||
| If the Congress gets to it. | ||
| If they do any cutting, which I'm not seeing right now. | ||
| The grandstander thing against Andy Harris is the least grandstanding guy. | ||
| Some of these guys are just principled. | ||
| Massey had a deal back with McCarthy. | ||
| If they didn't execute and go through on all the process issues and get the budget cuts going and do an entire budget, 12 bills, if you didn't do that, Massey had a promise from leadership back then of 1% across-the-board cuts. | ||
| Oops, that promise went by the wayside, right? | ||
| So these guys, and I was with them, they're not grandstanding for no reason, right? | ||
| And I've always told the people, I would put in place my promises to my people, to my constituents ahead of time, and I don't care what happens in Congress, right? | ||
| I voted against the budget. | ||
| My budget chairman and chairwoman got mad at me multiple times. | ||
| We're good friends, still are. | ||
| Period. | ||
| It's on question. | ||
| You almost have to make an agreement ahead of time that you will vote for the budget if you're on the budget committee. | ||
| That's how messed up the system is. | ||
| And we've got to break that. | ||
| So it's in the process of being broken. | ||
| And so, yeah, I don't want the Fed, you know, runaway printing money. | ||
| But we're in a doozy. | ||
| It's just like Japan right now. | ||
| They're in a no-win position. | ||
| We're kind of in a no-win position right now in the immediate short run until the Trump agenda kicks in. | ||
| Then we're going to break free. | ||
| You're saying if this budget is passed or the big reconciliation bill with the tax cuts, do you see the CBO says... | ||
| 30-year growth is 2%. | ||
| The only way to get out of here, if you're not going to raise taxes on the wealthy, is that you have to get the denominator up. | ||
| The growth rate has to increase. | ||
| Do you see? | ||
| You're Mr. Productivity. | ||
| And what you're talking about today, without these cuts to Medicaid and the rest of this, Do you see, at these levels of deficits, getting above a 2% growth rate? | ||
|
unidentified
|
Yeah. | |
| And I'm not one of these pro-growth guys. | ||
| I am not saying we're going to grow our way out of the debt problem. | ||
| That is not true. | ||
| But we will achieve what we achieved last time. | ||
| We're going to get to 3% GDP growth, which is a huge difference, right? | ||
| If you track economic growth, the difference between a 2% to 3% growth rate is a phenomenal achievement. | ||
|
unidentified
|
Wow. | |
| Stunning. | ||
| Hang on. | ||
| Yep. | ||
| House Freedom Caucus. | ||
| This is coming from Michael Schnell. | ||
| House Freedom Caucus. | ||
| Andy Harris after Trump meeting. | ||
| So Trump must be wrapped up and maybe coming out. | ||
| He's saying after Trump meeting, the president, I don't think, convinced enough people that the bill is adequate the way it is. | ||
| That is a bombshell. | ||
| Andy Harris came on here yesterday, dropped a bombshell and told the president. | ||
| I mean, this is why the president came up today is because of that. | ||
| Andy Harris putting a shot across everybody's bow saying you don't not even close to the votes. | ||
| Probably got 30, 35. Yeah. | ||
| No's. | ||
| Harris is right now. | ||
| Also, Laura Weiss, I'm going to read her tweet. | ||
| House Freedom Caucus Chair Harris unmoved leaving conference meeting with Trump. | ||
| He's still a no. | ||
| Says there's still waste, fraud, and abuse in Medicaid and mentions provider taxes. | ||
| We're still a long ways away. | ||
| But we can get there maybe not by tomorrow. | ||
| That's what Harris has been saying. | ||
| He said he doesn't think it's Wednesday, but if they work through this... | ||
| And they're constructive. | ||
| They want to get to yes. | ||
| I got a problem. | ||
| It's not with Andy Harris. | ||
| Here's what I got a problem with. | ||
| And folks, you know, I'm a cake and agree for this, but that's part of the business. | ||
| I don't mind that. | ||
| Johnson should not put the President of the United States in this situation. | ||
| The President of the United States should not have to come to Capitol Hill in an extraordinary... | ||
| For the President to come up and talk about budget and math... | ||
| Unheard of. | ||
| Unheard of. | ||
| For him to come up today and have to... | ||
| Is he not whipping votes? | ||
| Is he not doing Tom Emmer's job? | ||
| Because Johnson and these guys... | ||
| Johnson in these rooms tells everybody what they want to hear. | ||
| That's why people can't stand him. | ||
| Because they don't know what's real and what's not real. | ||
| He tells assault guys one thing. | ||
| He tells the Medicaid guys another thing. | ||
| He tells the FMAP, we're going to get the FMAP, then we're not going to do it. | ||
| So nobody knows where they are. | ||
| The president, people believe, because the president's coming out and throwing it out. | ||
| So the president comes up right now to basically give his say-so and whip votes, and you're hearing guys saying, hey, we respect the president, but we're not there. | ||
| That should not happen. | ||
| If he does come up, it should be, he makes his point, people say, yeah, boom, and then it's a group hug. | ||
| That's not happening. | ||
| That's a Johnson problem. | ||
| That's not a Trump problem. | ||
| It's not a Trump White House problem. | ||
|
unidentified
|
Yeah. | |
| That's a Johnson problem. | ||
|
unidentified
|
And I hate to say it. | |
| Trump's been clear on the salt things where he made a couple comments. | ||
| I don't like it and they're not going to get it. | ||
| Well, he's from New York State. | ||
| He told Lawler. | ||
| He just told Lawler and they just tweeted out. | ||
| He says, hey, I know your district better than you do. | ||
| Right, right. | ||
| He knows it. | ||
| But go read the MAGA base or the American people base behind what's going on on the budget right now. | ||
| And President Trump knows that. | ||
| He knows the people. | ||
| And he knows the job is not done yet. | ||
| The people and the comments on this budget, if you're not going to cut now, this is the opportunity. | ||
| And we are doing some cuts. | ||
| There's some cuts going on. | ||
| But to get to the economic growth and to get the Trump golden age, to get to the golden age, it's a bigger move. | ||
| To put it in a broader perspective, he does understand that the Democrats, because they love government, they have no problem with the taxes. | ||
| Not being extended. | ||
| The tax cuts being extended. | ||
| They have no problem at all. | ||
| The tax cuts run out essentially December 31st this year. | ||
| If it's not done by then, you've got to pass a whole new thing. | ||
| So that part of it's got to get done, there's no doubt. | ||
| To burden the middle and working class with these higher tax rates right now would be brutal. | ||
| And the Democrats, and that's why President Trump is saying, hey, we only got a handful of votes to do this. | ||
| We've got to get it done. | ||
| And we're abstracting from the Democrats. | ||
| We can't... | ||
| Forget, right, Lawler and the New Yorkers and I like all these guys. | ||
| They got tough stuff because who are they dealing with? | ||
| They're dealing with the Democrats. | ||
| All political abuse of my own, but they're dealing with Santa Claus, right? | ||
| They just... | ||
| Never-ending government spending. | ||
| They believe in the new monetary policy where debt doesn't even matter. | ||
| The leftists actually believe this stuff. | ||
| They don't know what economic growth is. | ||
| They don't understand any of these fundamentals. | ||
| So that's who we're competing against. | ||
| And the mainstream media, we get no relief. | ||
| Where's the Democrat proposal on energy, on economic growth, on any of it, right? | ||
| On the big corruption? | ||
| They're silent. | ||
| A couple of the people have actually left the conference. | ||
| The president is not? | ||
| People have left, but the president is still in there? | ||
| Are still dealing with Johnson. | ||
| So as soon as the president comes out, I'm sure he'll go to the sticks and give his play-by-play. | ||
| Also, he had a couple of shots at, hey, where's the action on Biden? | ||
| If we have time and we can do it, we're going to have Jonathan Allen from NBC News who wrote the book, I think it's Fight, which is amazing about the 24 campaign, and they were very close to the Biden situation, so we're going to get... | ||
| Get him on, and we've got to get to the bottom. | ||
| I think it's going to be a massive investigation. | ||
| The President said last night he had the Kennedy Center boards and certain cultural people at the White House for dinner. | ||
| Man, he went off. | ||
| He said, hey, you know, they stole the 2020 election. | ||
| And I came back to, you know, you can't repeat this in polite company in the morning, but he, I mean, he was on fire. | ||
| Exactly why he came back, exactly why he fought back, exactly why the presidency. | ||
| And my point to him is that, hey, this Biden thing is a crisis of a constitutional republic. | ||
| You can't have a guy that covered up two things. | ||
| They covered up, obviously he was not up to be commander in chief and the Praetorian Guard got him in there so he was malleable and they could run the deal. | ||
| Then they hid that. | ||
| Then this cancer thing is just not – and I think we've got a doctor. | ||
| We don't get him on today. | ||
| This morning we're going to get him on at 6 o 'clock. | ||
| He's going to walk through how it's just essentially mathematically impossible. | ||
| And there's enough news clips and commentary for our side and the mainstream if they want to get at it. | ||
| But Biden has said on the record, on film, no, I didn't do that. | ||
| I didn't do that, man. | ||
| I mean implying what Trump just said. | ||
| That would be the stupidest thing ever. | ||
| Why would I ever sign on to that? | ||
| And then it turns out he did sign on to that. | ||
| And you can, I see the Obama fingerprints all over, right? | ||
| The Susan Rice's, the radical leftists, and Obama always said, I wanted another term. | ||
| If there was somebody else who could execute my will, I want another term. | ||
| And he got his third term. | ||
| Let me get some more tweets coming out of this thing. | ||
| And man, this was kind of a Donnie Burke. | ||
| As Johnson, this is a quote from Sarah Farris. | ||
| On her tweet, as Johnson aims for a vote tomorrow, Trump is cracking heads on salt, Medicaid, etc., to get ours to accept current bill. | ||
| But GOP hardliners aren't sold. | ||
| Still want changes. | ||
| Next test will be tonight. | ||
| Rules set for a 1 a.m. vote. | ||
|
unidentified
|
Wow. | |
| A 1 a.m. vote. | ||
| Yeah. | ||
| On the Rules Committee, Chip Roy very opposed to this. | ||
| Another tweet, Representative Andy Biggs, the great Andy Biggs, future governor of... | ||
| Colorado says GOP needs to have more meetings today, says the groups need to talk it out and listen to his final line. | ||
| And this is the great Andy Biggs, as good a guy he's going to meet. | ||
| And actually, they need to read the actual bill. | ||
| Right, good, good. | ||
| I'm telling you, folks, this is what upsets me about the president having to go on up and do this, is that... | ||
| There are guys there that haven't read the bill. | ||
| Andy Bigg's calling people out. | ||
| Andy Bigg's saying, hey, we've got to get in the room and do some real work. | ||
| Now, this should have been done months ago. | ||
| The President of the United States shouldn't be in a position to come up and say, look, I'm all for waste, for an abuse, and you had the Doge guys running around everywhere but into the details of Medicaid. | ||
| Why? | ||
| Let's be blunt. | ||
| They didn't want to take on big pharma. | ||
| They didn't want to take on big medicine. | ||
| They didn't want to take on the defense contractors. | ||
| They didn't want to take on big tech. | ||
| That's who runs the city. | ||
| I was telling somebody this morning. | ||
| I said about the first term. | ||
| Since 2008, but even since 2017, this city has changed from when you were here. | ||
| The concentration of power and money into these industries. | ||
| Defense industry. | ||
| That's why you got a trillion dollar bill. | ||
| Big Pharma. | ||
| That's what Bobby Kennedy's fighting over at HHS. | ||
| Big Ag. | ||
| Big Tech. | ||
| Big Medicine. | ||
| These are monster. | ||
| We've got a system now like the Chinese Communist Party. | ||
| They didn't follow us to a democracy. | ||
| We have a super powerful, big centralized government. | ||
| And because of mergers and all this antitrust that wasn't around for all the time under Biden, you've had concentration of wealth and power into these oligarchs combined with the capital markets of Wall Street in the connective linkage of these big law firms. | ||
| And that is the old traditional definition of... | ||
| Fascism. | ||
| Yeah, exactly. | ||
| That is the old, traditional definition of fascism, and we don't want any part of it. | ||
| Fascism is not the MAGA, the deplorables that are fighting this, and the Gail Slater's. | ||
| Americans. | ||
| Americans fighting this, right? | ||
| That's what's so hard. | ||
| And the president's being ill-served by Johnson basically saying, "You've got to come up to Capitol Hill and help me." That's his job. | ||
|
unidentified
|
His job is to, first off, let's be blunt. | |
| His job is, first off, to make sure everybody reads the frickin' bill when Andy Biggs, who's as good a man as you're gonna have, has to tweet out, hey, we need more meetings, we need to get in a room, we need to confront each other, argue this out on facts, and by the way, why don't we start with the actually read the frickin' bill? | ||
| Okay, the actual bill of what it actually says. | ||
| And so this is why, you know, the president's up there, and I'm sure he's not gonna, he's gonna be in a foul mood. | ||
| Okay, he's not expecting... | ||
| To leave there and not have a deal. | ||
| And guess who knows what is in the bill? | ||
| He should be in a foul mood. | ||
| The war room posse knows what's in the bill. | ||
| And the Congress for the first time is getting an earful. | ||
| They're getting educated by the people. | ||
| The people are educating the elites. | ||
| And so he says, read the bill. | ||
| And usually when I was in there, it was corrupt and I was learning. | ||
| I was green and learning. | ||
| But they would put the full hammer on you and then do precisely this next move. | ||
| We're going to be out of here by Memorial Day. | ||
| We need to vote on this in two days. | ||
| And all the pressure in the world will come down on you. | ||
| But now, due to the pressure of the people... | ||
| The people have lit up the Congress, right? | ||
| The congressmen, the women, the Senate's next. | ||
| The Senate's being awfully quiet. | ||
| I don't see any profiles in courage coming out of the Senate right now, with some exceptions. | ||
| Hawley's been out there talking. | ||
| Ron Johnson out of Wisconsin has done a super job. | ||
| But I don't hear many voices arguing for just basic sanity. | ||
| The spending cannot continue. | ||
| Everybody said the Wall Street Journal lead op-ed today. | ||
| And then they don't follow through on their own logic. | ||
| There's no push. | ||
| Harris is saying that Trump, we're still a long ways away, but we can get there. | ||
| Maybe not by tomorrow, but we can get there. | ||
| That's correct. | ||
| And I think that if you get the facts, you get in there, you can get there. | ||
| Now, President Trump, God, I love this. | ||
| Julie Grace Brufke over, I think she's at the Hill still. | ||
| Maybe at Politico now. | ||
| Julie Grace, pretty accurate. | ||
| She's got Trump going full Patrick Henry. | ||
| Trump in the meeting, per a source, give me freedom or give me death. | ||
| Wow, sounds familiar. | ||
| And it'll be death for all if we don't pass this bill. | ||
| And Dems get the largest tax increase in U.S. surgery. | ||
| Boom, that lays it out right there. | ||
| He's right about that. | ||
| The bill's going to get passed. | ||
| It's just depending on, it's going to get passed. | ||
| It just depends on if you get these additional cuts. | ||
| Also, GOP update, spirits are high. | ||
| It seems POTUS has started to move the dial for fiscal hardliners. | ||
| Burchett is now maybe. | ||
| Higgins is still no, but thinks consensus is more possible. | ||
| Waiting to talk with the Salters. | ||
| Consensus is possible. | ||
| Yeah. | ||
| You're going to get something here, but I think people are going to get their shot at saying, hey, here's what the deficits are. | ||
| So Historic Day, President still has not come out. | ||
| As soon as he goes to the sticks, we're going to throw out all of our other things that we have on this broadcast today to get this, because this is a historic moment. | ||
| It's what kind of the war room, the money, capital markets. | ||
| Now more than ever, I think it behooves you. | ||
| Two things. | ||
| Take your phone out. | ||
| Text Bannon, B-A-N-N-O-N, 989898. | ||
| The ultimate guide to investing in gold and precious metals in the age of Trump. | ||
| I know we say era, but it's actually the age of Trump. | ||
| More importantly, make contact with Philip Patrick and the team. | ||
| Find out where gold's been a hedge for 5,000 years. | ||
| Gold's been kind of under terror the last couple of days. | ||
| It's not the price. | ||
| It's the price of the president. | ||
| We're going to go right to the president of the United States on Capitol Hill. | ||
|
unidentified
|
You said that you didn't adequately convince enough people to vote for the bill. | |
| You mean after this speech? | ||
| Well, what do we see at the Lotus? | ||
| I think it was a great talk. | ||
| It wasn't a speech we talked about. | ||
| Who do you work for? | ||
| Notice. | ||
| Who? | ||
|
unidentified
|
Notice. | |
| I don't even know what the hell that is. | ||
| Get yourself a real deal. | ||
| Let me tell you. | ||
|
unidentified
|
I think we have unbelievable unity. | |
| I think we're going to get everything we want, and I think we're going to have a great victory, and this man has done a great job. | ||
| And I think this was a tremendous session. | ||
| You may want to say something. | ||
| Yeah, it was a great meeting. | ||
| The party is unified. | ||
| The House Republican Conference is excited. | ||
| Multiple standing ovations. | ||
| They love this president. | ||
| The people back home love what he's doing. | ||
| It's historic, and everybody understands the scope and the meaning of this. | ||
| If we do not accomplish this mission... | ||
| Every one of you, all the American people are going to have the highest tax increase that you've ever had. | ||
| And among the debt ceiling clip that's approaching and all the other problems, this is the bill to do it. | ||
| I think we're going to get it done, Mr. President. | ||
| The Democrats want to raise your taxes. | ||
| If this doesn't work, if this doesn't get the numbers, if the Republicans want, and I think it does, I think it's all Republican votes, the Democrats are going to be raising your taxes by 68 percent. | ||
| And they will not do the 60, we're going to have an 85 percent cut in drug costs. | ||
| 85% cut in drug costs. | ||
| The Democrats, the drug prices are going to go up. | ||
| I can't imagine a Democrat not voting for this. | ||
| I think the Democrats, if they don't vote for it, that means they're voting for an increase in drug prices. | ||
| Think of that. | ||
| Versus... | ||
| An 80 to an 85, maybe 75, but could be an 85% cut in drug costs. | ||
|
unidentified
|
Okay. | |
| Mr. President, will you need to reach out to individual members? | ||
| Will you need to make a pitch to individual members? | ||
| I don't think so. | ||
| That's what I did today. | ||
| That's really what we did today. | ||
| I think it was a really great... | ||
| That was a meeting of love. | ||
| Let me tell you, that was love in that room. | ||
| There was no shouting. | ||
| I think it was a meeting of love. | ||
| There were a couple of things that we talked about specifically where some people felt a little bit one way or the other, not a big deal. | ||
| And I covered them. | ||
| It wasn't so much a speech. | ||
| I covered certain points. | ||
| And I think there was... | ||
| I'd be very surprised. | ||
|
unidentified
|
You told them you were losing patients. | |
| No, I didn't tell them. | ||
| Who told you I said I'm losing patients? | ||
|
unidentified
|
That's what we heard inside the room. | |
| It's a lie. | ||
| Wait a minute. | ||
| Who told you that? | ||
| You heard from people inside the room. | ||
|
unidentified
|
Oh, really? | |
| Totally true. | ||
| I never used the term. | ||
| I didn't say losing... | ||
| I didn't even talk about it. | ||
| In fact, it's the opposite. | ||
| I think we're going to get it done. | ||
| I'm not losing patience. | ||
| We're ahead of schedule. | ||
| Anybody that told you that is a liar. | ||
| Wait a minute, wait a minute. | ||
|
unidentified
|
I never mentioned the word losing patience because I'm not losing patience. | |
| We're ahead of schedule. | ||
| The President: Well, but why don't you go back to your source and tell them they're liars if the source even exists? | ||
|
unidentified
|
Mr. President, please, Mr. President! | |
| The Press: Mr. President passes the House. | ||
| The Senators are already talking about making a number of changes. | ||
| Is that okay? | ||
| Yeah. | ||
| In some cases they have things that I like even better. | ||
| No, it always happens. | ||
| There'll be some changes. | ||
| John Thune and Mike have been very closely aligned on this. | ||
| and moving it up together. | ||
|
unidentified
|
Apparently you said, apparently you said, don't ask with Medicaid apparently you could say in the room. | |
| There is some concern among some Republicans, including Senator Josh Hawley, that this could impact benefits and that it could be announced to avoid hidden tax on the... | ||
| I didn't say it. | ||
| Here's what I said. | ||
| I said waste, fraud, and abuse for Medicaid. | ||
| If you find waste or fraud or abuse, we want to strengthen Medicaid. | ||
| We want to strengthen Medicare. | ||
| Waste, fraud, and abuse. | ||
| The Democrats will let illegals be on. | ||
| They'll destroy it. | ||
| It will be destroyed. | ||
| They want to have illegal immigrants be on. | ||
| And if you do that, because it wasn't designed for that. | ||
| Waste, fraud, and abuse. | ||
|
unidentified
|
Can you guarantee that your voters who support the election, working-class voters, will not lose health insurance under this bill? | |
| Oh, they won't lose health insurance. | ||
| Not only that, remember, I'm cutting drug prices by 85%. | ||
|
unidentified
|
And right now... | |
| I'm saving it. | ||
| I'm saving the whole thing because I did something that nobody was willing to do. | ||
| Other countries pay a tiny fraction what we do. | ||
| And I instituted favorite nations. | ||
| We're now going to pay the lowest in the world. | ||
| We're going to be the equivalent of the lowest country in the world. | ||
| People go to London. | ||
| They go to Canada. | ||
| They go to other countries, many other countries, because they want to buy their pharmaceutical products and drugs at... | ||
| A fraction of the cost. | ||
| Now we're going to have the lowest cost anywhere in the world, and nobody else would do that but me. | ||
| And that might be an election by itself, might be election winning. | ||
| Now, when you add that in, when you put that into Medicaid and Medicare, we've just strengthened Medicare and Medicaid. | ||
| And the Democrats won't do that. | ||
| You know why? | ||
| Because they're taken care of by the drug companies. | ||
| And the ones that are taken care of are hard-line. | ||
| Some Republicans get money from drug companies. | ||
| And that's okay, because they're okay with it. | ||
| I talked about it. | ||
| The drug companies take care of everybody. | ||
| It's the biggest lobby, most powerful lobby in the world. | ||
| There's no lobby like that. | ||
| But the Republicans are okay with it. | ||
| Not only okay with it, they love it. | ||
| It was time. | ||
| So we're going to cut drug prices by from 75 to 85. In some cases, even more than that. | ||
| You know, I was telling the story that, and some of you were at that news conference. | ||
| I gave a news conference. | ||
| Where I was the first one in 18 years to cut drug costs for the year. | ||
| And they were like a quarter of a point to half a point less. | ||
| And I was very proud of that. | ||
| Now I'm cutting them by 80, 85 percent because I stopped the scam. | ||
| This was a scam between the middlemen and the drug companies. | ||
| This was a giant scam. | ||
| And by the way, and other countries, because other countries fought for this. | ||
| This was a giant scam. | ||
| And we're not going to have it. | ||
| So remember this. | ||
| Go back and tell your people, if you'd like to, that the Republican Party is cutting the cost of drugs by as much as 85%. | ||
| Not 8%, not 5%, not 1%, 85%. | ||
| And you're going to have the lowest drug prices anywhere in the world because I'm doing favored nations. | ||
| And it's all done. | ||
| I signed it. | ||
| And the Democrats will unsign it. | ||
| And the drug prices are going to go up. | ||
| And I think on that issue alone, you can't lose an election. | ||
|
unidentified
|
Oh, give me a break. | |
| Did you see her? | ||
| She was out of control. | ||
| You know, those days are over. | ||
| The days of woke. | ||
| The days of woke. | ||
| No, I didn't. | ||
| The days of woke are over. | ||
| That woman, I have no idea who she is. | ||
| That woman was out of control. | ||
| She was shoving federal agents. | ||
| She was out of control. | ||
| The days of that crap are over in this country. | ||
| We're going to have law and order. | ||
|
unidentified
|
Mr. President, thank you very much. | |
| You campaigned on lowering the price of groceries. | ||
| How will you justify cutting food assistance in this bill? | ||
| Let me just tell you, the cut is going to give everybody much more food because prices are coming way down. | ||
| Groceries are down. | ||
| Eggs. | ||
| You told me about eggs. | ||
| You asked me a question about eggs my first week. | ||
| You said eggs. | ||
| I said, I just got here. | ||
| Tell me about eggs. | ||
| And it was going through the roof. | ||
| You know that eggs now are way down. | ||
| Everybody's buying eggs. | ||
| Grocery's down. | ||
| Energy's down. | ||
| Gasoline is now buying... | ||
| They're buying gasoline now for $1.99. | ||
| When I... | ||
| If you look back, you'll see $3.50, $4.00. | ||
| This country... | ||
| We're going to lose this country. | ||
| Our country now is respected all over the world. | ||
| All over the world we're respected. | ||
| We were a laughing stock. | ||
| The entire world was a... | ||
| We were a laughing stock. | ||
| I went to the Middle East. | ||
| And those rulers of those three countries are very powerful people, very big people, very rich people. | ||
| They respect our country again. | ||
| China was going to take them over. | ||
| You know, China was going to get all... | ||
| They were going to get into the... | ||
| If you look, Saudi Arabia, you take a little look at what was happening with Qatar, UAE. | ||
| Great people, unbelievable people, unbelievable leaders, but they were abandoned by this country. | ||
| They're not going to China anymore. | ||
| They love us. | ||
| We love them. | ||
| We're going to take care of them. | ||
| And they're going to take care of us. | ||
| We came back with $5.1 trillion. | ||
| Trillion. | ||
| Every other president would have come back having spent $5.1 trillion, as usual. | ||
| And remember this. | ||
| We were losing $5 billion a day under the past administration. | ||
| I have to be a little careful the way I talk, because there's a lot of anger about that administration. | ||
| And by the way, the real question, who ran the auto pen? | ||
| Okay? | ||
| Who ran the auto pen? | ||
| Because the things that were signed were signed illegally, in my opinion. | ||
| I think we've just proved that. | ||
| But our country is respected again. | ||
| All over the world were respected. | ||
| We were laughed at seven months ago. | ||
| Then you had November 5th, and our country is respected again. |
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