Nov. 20, 2025 - Bannon's War Room
48:53
Participants
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| Speaker | Time | Text |
|---|---|---|
|
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Alyssa Slaughter. | |
| Senator Mark Kelly. | ||
|
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Representative Chris DeLuzio. | |
| Congresswoman Maggie Goodlander. | ||
| Representative Chrissy Houlihan. | ||
| Congressman Jason Crowe. | ||
| That was a captain in the United States Navy. | ||
|
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Former CIA officer. | |
| Former Navy. | ||
| Former paratrooper and Army Ranger. | ||
| Former intelligence officer. | ||
| Former Air Force. | ||
| We want to speak directly to members of the military and the intelligence community who take risks each day to keep Americans safe. | ||
| We know you are under enormous stress and pressure right now. | ||
| Americans trust their military. | ||
| But that trust is at risk. | ||
| This administration is pitting our uniformed military and intelligence community professionals against American citizens. | ||
| Like us, you all swore an oath to protect and defend this Constitution. | ||
| Right now, the threats to our Constitution aren't just coming from abroad, but from right here at home. | ||
| Our laws are clear. | ||
|
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You can refuse illegal orders. | |
| You can refuse illegal orders. | ||
| You must refuse illegal orders. | ||
| No one has to carry out orders that violate the law or our Constitution. | ||
| We know this is hard and that it's a difficult time to be a public servant. | ||
| But whether you're serving in the CIA, the Army, our Navy, the Air Force, your vigilance is critical. | ||
| And know that we have your back. | ||
| Because now, more than ever, the American people need you. | ||
| We need you to stand up for our laws, our Constitution, and who we are as Americans. | ||
| Don't give up. | ||
| Don't give up the ship. | ||
| And this is abhorrent conduct. | ||
| I felt like I was watching a propaganda video by one of our enemies trying to recruit the military to become spies. | ||
| When you see what these men and women were saying about this administration, about this president, and you ask whether what they did is a crime. | ||
| I mean, you tell me what it is. | ||
| You tell me what it is. | ||
| I mean, what is the value? | ||
| What is the reason for saying what they said, except for to encourage members of our military, to encourage members of our intelligent community to defy a direct command from their superior? | ||
| And that is wrong. | ||
| It is insurrection, plainly, directly, without question. | ||
| And when you have one of the lawmakers on that video being unable to state in, as you say, lengthy cross-examination, a single so-called illegal order, it just proves the point. | ||
| It's a general call for rebellion from the CIA and the armed services of the United States by Democrat lawmakers saying that you have not only the right but the duty and the obligation to defy orders of the commander-in-chief, | ||
| that those who carry weapons in America's name should defy their chain of command and engage in open acts of insurrection, that the CIA, the clandestine service, which isn't even legally authorized to operate in the United States, should engage in, again, acts of rebellion and insurrection. | ||
| These lawmakers should honestly resign in disgrace and never return to public office again for even daring to think, let alone to say these words and to say them proudly. | ||
| But it shows what a dangerous moment we're in. | ||
|
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Laura, I thought it was extremely foolish and cowardly at the same time. | |
| I thought it was cowardly because if you can't name the unlawful orders that these guys are bringing up in their video, that just shows me that you don't have the courage to even call out what you're talking about. | ||
| Number two, I thought it was foolish because if you have to have a joint statement video like this, and the messaging is so bad that people, reporters have to call your office to ask what are you even talking about, you look extremely foolish. | ||
| We have seen the Democratic Party nurse the flames of violence and insurrection against the federal government for the last 10 months. | ||
| When you see this continuous campaign of violence against ICE officers and Border Patrol agents, when you see Democrat sanctuary politicians and Democrat sanctuary governors side with the rioters, side with the assaulters over federal law enforcement, and that spills even into juries and grand juries, when you see Democrat jurors engage in nullification to let off violent attackers who are engaging in physical violence, | ||
| physical assault against federal officers. | ||
| This is a dangerous moment. | ||
| You have a political party, an organization, the Democrat Party, and their message is that any action, no matter how unlawful, no matter how dangerous, no matter how much it threatens constitutional order, is justified if it keeps Democrat policies in effect at any cost. | ||
| That we understand the situation you're in, that you could find yourself in a situation where you're given an illegal order. | ||
| And we want to remind you that you do not, not only do you not have to follow them, under military law, you are not to follow them. | ||
| And the question you have to ask yourself is what is their intent? | ||
| What is the reason that they all went on a video and encouraged young men and women to defy court orders without even giving a hint of what's illegal, without even giving any suggestion of what law or what order they're being asked to violate? | ||
| You cannot do that in this country, especially if you're a leader. | ||
| And so what does the investigation look like? | ||
| I think they should be held to account. | ||
| I think that those congressmen should be required to answer questions and to answer questions about why they did what they did. | ||
| And the American people deserve that, and so does President Trump. | ||
| This is the primal scream of a dying regime. | ||
| Pray for our enemies because we're going medieval on these people. | ||
| You're not going to free shot all these networks lying about the people. | ||
| The people have had a belly full of it. | ||
| I know you don't like hearing that. | ||
| I know you've tried to do everything in the world to stop that, but you're not going to stop it. | ||
| It's going to happen. | ||
| And where do people like that go to share the big line? | ||
| MAGA Media. | ||
| I wish in my soul, I wish that any of these people had a conscience. | ||
| Ask yourself, what is my task and what is my purpose? | ||
| If that answer is to save my country, this country will be saved. | ||
|
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Waru, here's your host, Stephen K. Bannon. | |
| Thursday, 20 November year of Lord 2025. | ||
| We are packed today. | ||
| I've had to do some juggling already because of issues that are coming up even as we speak. | ||
| There is some great news coming out of a jobs report about September. | ||
| And Joe Lavanier from Treasury is going to join us at about 10.30 or so, bottom of the hour, when he finishes a speech he's giving. | ||
| I've asked the Viceroy, Mike Davis, to actually join us this morning. | ||
| Number one, it was about artificial intelligence, everything beyond that. | ||
| But because of what happened yesterday, I ask you to come in here. | ||
| It's hard to shock me, but this crossing the line of these former CIA officers, Army officers, a Navy captain, Mark Kelly, I mean, that video will live in infamy. | ||
| I am stunned of what they've tried to do. | ||
| They are trying to insert themselves, I don't know, sedition or insurrection, to actually talk to the troops, to insert themselves between the military and the commander-in-chief. | ||
| And as you know, President Trump, we got emergency orders, the invasion of the country. | ||
| We've got a carrier battle group off of Venezuela. | ||
| We have an amphibious ready group. | ||
| We have 3,000 fleet Marines. | ||
| They're talking about a potential invasion. | ||
| Now, we're not for the invasion, but you've also got, as the Washington Post, New York Times said, we have covert action going on right now. | ||
| We have troops everywhere. | ||
| They're negotiating a deal in Ukraine that may have security guarantees, which we hate, but they're trying to negotiate with the Russians. | ||
| They got this huge negotiation in Gaza. | ||
| You have 200 boots on the ground in Israel right now as the logistics coordinator for the Gaza, for at least the Gaza drawdown. | ||
| So that's why I asked you to come in. | ||
| I mean, you're the tip of the spear here for fighting these things. | ||
| Is this to shock you just conceptually that now in our government, elected officials are actually looking into a camera and telling the military to disregard the orders of the commander-in-chief? | ||
| That video by those Democrats, politicians in Congress is the most dangerous video imaginable. | ||
| They are calling on the military and intel officials to ignore an order of the president of the United States, and they are asking these lying CIA agents and these frontline soldiers to make a legal determination whether a president's order is lawful or unlawful. | ||
| And then these non-lawyers are supposed to take a drastic step of ignoring what they think could be an unlawful order of a president because these Democrats, members of Congress, are encouraging them to do this. | ||
| Remember this. | ||
| President Trump has won like 21 out of 23 cases at the Supreme Court's emergency docket this year alone. | ||
| That's a 91% success rate. | ||
| That means that these lower court Democrat activist judges got the law wrong. | ||
| These Democrat activist judges are getting the law wrong 91% of the time. | ||
| How do these Democrat politicians and Congress expect non-lawyer CIA officers and non-lawyer military frontline soldiers to get the law rights? | ||
| I mean, this is a dramatic step they're calling for. | ||
| Hey, hang on, because this is all of a piece and the reason I wanted you here. | ||
| All of those 21 cases are basically the theory of the case that we have of the inherent powers of Article II of being chief executive officer of the U.S. government. | ||
| He can fire anybody he wants, including the alphabet agencies. | ||
| The appropriations bill, which is a law, is a ceiling, not a floor, as commander-in-chief, emergency powers. | ||
| He's called this an invasion of the country. | ||
| And he's chief law enforcement officer of the United States government. | ||
| Those three powers, and we admit that he's got a maximalist idea inside the Second Amendment. | ||
| 21 times they've gone to the Supreme Court. | ||
| These guys thought those federal judges, they thought they were going to win all the way up. | ||
| They've been reversed, or we've won 20 of the 21, correct? | ||
| About the inherent power, about the powers the president has under Article II. | ||
| And the court is saying, it's telling us very clearly, we're not the war in court. | ||
| These are political issues. | ||
| They must be determined politically. | ||
| We're going to stay out of them. | ||
| The president's got the ability to do it. | ||
| The progressive left, thinking the courts were going to be on their side, thinking that the Boesbergs of the world were going to win, are now really going extrajudicial to directly talk to people to just say, okay, we can't, because they don't have any backup. | ||
| They've lost 93% of the cases when they thought that this was what's going to stop Trump. | ||
| Am I wrong in this thing that now they've realized that the courts are going to back Trump? | ||
| Yeah, I mean, it's 21 out of 23 times 2023. | ||
| 21 out of 23 times that President Trump has won at the emergency docket this year. | ||
| That's 91%. | ||
| And think about what these Democrats, members of Congress, are asking these CIA, other Intel military officials to do. | ||
| To ignore the president of the United States. | ||
| I mean, to ignore or countermand his orders as commander-in-chief. | ||
| Let's come up with an example. | ||
| I mean, we have President Obama ordered an extrajudicial drone strike and killing of American citizens, including a minor, right? | ||
| I mean, what if these CIA officers said, no, we're not going to do that. | ||
| We don't think this order is lawful, even though David Barron, who headed the Office of Legal Counsel for Obama at the time, issued an opinion saying this is legal. | ||
| He's now a judge on the First Circuit Court of Appeals. | ||
| I mean, I can't think of anything more extreme than a premeditated killing of American citizens, including a minor, and yet you're asking soldiers, you're asking CIA officials to make that legal determination, whether it's lawful or not. | ||
| I am not a proponent of actual kinetic activity in Venezuela. | ||
| We've been pretty open about that. | ||
| We think there's other ways to do it. | ||
| Either Eric Prince has been here, either covert ops or other things to get Maduro and his people out. | ||
| You may have to come to that, but you've got to go up the escalatory ladder. | ||
| But I think what they're doing, you have a carrier strike group off of there. | ||
| You have an amphibious ready group. | ||
| They have briefed for the last two weeks the Hill on up to the War Powers Act, but they haven't, you know, they've said, hey, we don't need to invoke the War Powers Act. | ||
| You can see the possibility that if the president, commander-in-chief, orders, you know, orders the taking of the, talking about taking the seaports or the airports or the logistics centers, what they're trying to do is get Navy pilots and Marine Corps officers and non-commissioned officers to say, I don't know. | ||
| I don't know if that is that, you know, is this all gone through it? | ||
| You can't have that. | ||
| This is what they're trying to do. | ||
| They're trying to insert themselves into the chain of command, which is outrageous. | ||
| Do you understand? | ||
| You got the kinetic part of the Third World War started in Ukraine, in Gaza. | ||
| Look, we've killed over 3 million people since Biden let these wars happen. | ||
| And now they're inserting themselves. | ||
| If this had happened under FDR, this happened under Lincoln. | ||
| I'm telling you, remember the Copperheads down in southern Ohio? | ||
| If this happened under President Lincoln, if this happened under President Roosevelt in World War II or even the lead up to it, boom. | ||
| These guys would be, they'd be rolled up today. | ||
| You can't get more dangerous, particularly people, you know, out there, you're worried about operations. | ||
| You're worried about things that are going on. | ||
| You've got covert operations. | ||
| New York Times reported covert operations. | ||
| You got two, I think Slotkin definitely. | ||
| I don't know if there's another CIA officer look into the camera and say, you know, don't obey the orders. | ||
| I would say this, that's at a minimum, in addition to Todd Blanch having the Justice Departments investigate this. | ||
| I think the House and Senate ethics committees need to drag in these members of Congress immediately. | ||
| Is Article 3? | ||
| We got 20. | ||
| I'm going to hold this. | ||
| We're going to come back. | ||
| Thank you for coming in today. | ||
| The Viceroy is joining us. | ||
| We pulled him off of Capitol Hill to come to the tougher part of the neighborhood, right, where the fights go on to join us today. | ||
| Bunch of AI, all of it. | ||
| Viceroy's worth a short break back in a moment. | ||
|
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| Okay, welcome back. | ||
| President of the United States, the Commander-in-Chief, put up on True Social. | ||
| called seditious behavior, all caps, at the highest level. | ||
| Each one of these traitors to our country should be arrested and put on trial. | ||
| Their words cannot be allowed to stand. | ||
| We won't have a country anymore. | ||
| An example must be set. | ||
| Now, he's commander-in-chief of the armed forces. | ||
| What say you, Viceroy? | ||
| Pam, Cash, what are you waiting for? | ||
| Well, Todd goes on. | ||
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Go get him. | |
| Todd Blanche is not a guy that runs around with hair on fire. | ||
| He was very mad last night. | ||
| This can't be allowed to stand, particularly when you have troops in the field. | ||
| Lincoln and FDR would never have allowed this to stand, okay? | ||
| They would take immediate action on this. | ||
| I mean, it's so look, this is, again, the most dangerous speech I've heard from politicians in a very, very long time. | ||
| You have Democrat members of the House and Senate wink, wink, nod, nod, telling intel officials and military officers, enlisted, to ignore orders of the president of the United States. | ||
| They say unlawful orders because, of course, a 19-year-old Army enlisted guy is supposed to know what's a lawful order and not. | ||
| I would say this, that with the president of the United States with his broad Article II executive power, with President Obama getting an opinion from the Office of Legal Counsel saying that he can drone strike, extrajudicial drone strike, and intentionally premeditated killing of American citizens, including a minor. | ||
| And that was said, the Office of Legal Counsel said that was okay. | ||
| I would say to military and Intel officials, you better follow every order of the President of the United States. | ||
| And if you have any doubt, the doubt should be in favor of following the order, because if you don't, you're going to end up in the military brig or worse. | ||
| The Ken Burns series, The American Revolution, which I think has got a little wokeness in it. | ||
| Don't get me wrong, it's woke because of Ken Burns and PBS, but it is extremely powerful, and I recommend every Warren Posse member watch it. | ||
| And the reason is it's almost continual combat. | ||
| The last two episodes, last four hours, have been from the, as we talk about here all the time, from the signing of the Declaration and the invasion of Brooklyn and Long Island all the way through. | ||
| They're now in January of 1778, and it's in Valley Forge. | ||
| They fought the last four hours, a couple of years, have nothing but combat. | ||
| They're about to get into the part where they try to turf out Washington because Washington has not won a lot of battles, didn't win Saratoga, Gates did. | ||
| This gets back to the beginning. | ||
| He gave some tough orders. | ||
| You're supposed to have people just question the orders when he's in the field. | ||
| Washington, Lincoln, and Washington didn't stand for it. | ||
| Lincoln didn't stand for it. | ||
| FDR didn't stand for it. | ||
| Trump's at that level. | ||
| The president cannot stand for it. | ||
| And people, I'm telling you, as great a job, I think, as Bondi is doing on certain things. | ||
| Like, it is a superhuman effort at Maine Justice, given the complexity of these cases and the kind of new ground referring, right? | ||
| Because this is an interpretation of the Article II powers, and the justices are having to wrestle with this. | ||
| You see the intense, what, three-hour oral arguments on the trade deal, on terrorists, which haven't ruled yet. | ||
| The complexity of doing that says on that level, at the highest level, she's doing a great job because they're strapped for talent. | ||
| I'm not talking about some of the other stuff, but in that, they're doing a great job. | ||
| Todd's worked up enough. | ||
| Todd does not do a lot of TV. | ||
| For him to go on last night shows you the seriousness. | ||
| What would you advise? | ||
| Because I know they look to the viceroy to bring the hammer. | ||
| What would you advise them? | ||
| I think Pam and Todd and Cash and the rest of the Justice Department team, Harmeet, Judge Janine, so many, Stanley Woodward, they're doing a fantastic job. | ||
| Like you said, they've won 91%. | ||
| John Sauer, the Solicitor General, they've won 91% of the cases at the Supreme Court's emergency docket. | ||
| They are making bold and fearless reforms. | ||
| They're firing people. | ||
| They're opening up grand juries. | ||
| They are bringing indictments. | ||
| I think all of us would like to see more in the deep state, but you say it's in southern Florida. | ||
| It's rolling now. | ||
| They've impaneled the grand jury. | ||
| I think they have 100 subpoenas that haven't even gone out yet because they don't have the staff at Maine Justice. | ||
| And people should understand the pressure. | ||
| I'm not trying to defend Pam, but it's an open secret in this town. | ||
| If you go work for justice, no law firm, and I'm talking about conservative law firms, no law firm is going to hire you, right? | ||
| They've tried to other the Trump legal group, just like they, you know, just like Boris had to put together a pickup team. | ||
| Thank God he found Emil Bovey and he found Todd Blanche and others that could defend Trump in the years in the wilderness. | ||
| But that's one of the problems we got. | ||
| These guys are doing it. | ||
| I want to go, though, to something that's inextricably linked with this, Viceroy, Bozberg. | ||
| We're at a point because Bozberg's wrapped up in this. | ||
| Bozberg has tried to be the chief enforcer for the radical left, understanding that they're losing to the Supreme Court. | ||
| That's why they went on camera and looked in the camera and said, okay, don't do that because they're trying to cause chaos. | ||
| Talk about Bozberg. | ||
| Why is Bozberg, particularly yesterday, he's trying to bring a criminal referral on Trump officials about his, wait for it, Article 2 powers about shipping out the bad ombres months ago. | ||
| Why is Jim Jordan? | ||
| I realize they're swamped every stuff, but why have we not initiated an impeachment hearing and process on Boesberg, sir? | ||
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Who's Jim Jordan? | |
| Should judiciary do that? | ||
| I haven't heard of Jim Jordan in years. | ||
| I don't know who you're talking about. | ||
| Does he still work in the House of Representatives? | ||
| The big tech guys are saying he's doing a great job. | ||
| Just kidding, Chairman Jordan. | ||
| Should he bring it? | ||
| Why do we not have pressure on Boesberg for impeachment given what he's doing? | ||
| So particularly over the last 48, 72 hours. | ||
| So the Article 3 project has not done this in the past. | ||
| We, for the first time, have called for the impeachment of a federal judge, and that is D.C. Obama Judge Jeb Bozberg, because not only are his patterns of the pattern of orders extremely lawless, they're also extremely dangerous. | ||
| Let me give you some examples. | ||
| Give me some examples. | ||
| That's even for the Viceroy. | ||
| You're going pretty far into the woods on this thing. | ||
| Yeah, I mean, I'm an attorney, and I have ethics issues that I can't just, I say crazy things, but you can't say crazy things about judges without facing disbarmates. | ||
| So I'm very careful what I say about Jeb Boesberg. | ||
| And let me just tell you why he must be impeached by the House of Representatives. | ||
| Jeb Bozberg was the chief judge on the D.C. district court. | ||
| He is up to his eyeballs in this Democrat lawfare against President Trump, his top aides, his supporters. | ||
| The J6 stuff and the Clark and Jack Smith stuff. | ||
| Yes, absolutely. | ||
| It was. | ||
| So this goes back years. | ||
| You're just not saying what happened when President Trump came back from the second term. | ||
| You're going back to the beginning. | ||
| This has been a dangerous and lawless pattern by Jeb Boesberg for years. | ||
| He is a partisan actor, a Democrat partisan actor on the D.C. district court. | ||
| Let me give you some examples. | ||
| You had D.C. Obama Judge Jeb Boesberg open up his courtroom on a Saturday when it was not his duty week. | ||
| Saturday afternoon. | ||
| Yeah, it was not his duty weekends. | ||
| It was not his jurisdiction. | ||
| And we're shipping bad ombres out in the middle of this thing. | ||
| President Trump had military planes flying over the Gulf of America to expel the worst terrorists in the Western hemisphere, Trende Aragua and MS-13. | ||
| Regardless of what you think about that policy, a federal judge in no way, shape, or form can expose an ongoing military operation and order the president of the United States to turn around military planes during that operation. | ||
| And that is exactly what Jeb Bozberg did. | ||
| Again, it was not even his duty weekends to handle cases. | ||
| He just took it upon himself to open up his courtroom, publicly expose this military operation, and order the president to turn around planes. | ||
| Now, fortunately, those planes did not turn around. | ||
| And I have to be careful what I say about that because, as Steve said, Jeb Bozberg is trying to hold in contempt and fine and jail these officials. | ||
| Criminal contempt. | ||
| Who land at these planes? | ||
| They want someone in the Justice Department to take the Bannon and Navarro path and go to the clank, right? | ||
| That's what Bozberg is trying to do. | ||
| Does that include the new circuit judge, Third Circuit Judge Amo Bove? | ||
| I mean, is that what Boesberg wants to do is jail a sitting federal appellate judge? | ||
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And so you're damn right he does, because they fear Bove. | |
| Of course he does. | ||
| And so Bozberg saw the thousands of Intel military law enforcement officers in El Salvador, the security footprint in El Salvador to receive these most vicious, dangerous terrorists in the Western hemisphere. | ||
| Why would we have that same security footprint in America? | ||
| We wouldn't. | ||
| Why would we think some radical Democrat DC judge who has no jurisdiction? | ||
| This would be jurisdiction out of Texas, not D.C. Why would we think some D.C. judge would open up his courtroom on a Saturday, expose this operation while it's happening, and give people time to organize an attack back in the United States when this plane lands and we don't have enough security personnel to guard this? | ||
| So that's number one. | ||
| For that reason alone, lawless and dangerous, he should be impeached. | ||
| Then you have another example with Boesberg. | ||
| There was a woman who made very explicit and very vicious death threats against President Trump from New York City. | ||
| She traveled down from New York City and she got stopped by the Secret Service outside of the White House and she was arrested because she admitted she was there to kill President Trump. | ||
| A liberal magistrate judge in D.C. did the right thing and kept her in jail pre-trial detention. | ||
| What did Bozberg do? | ||
| Bozberg overruled this magistrate and freed this would-be assassin from jail, right? | ||
| That's strike number two. | ||
| Strike number three is Bozberg is the one who illegally allowed the Biden Justice Department to spy on U.S. senators without notifying them in direct violation of federal statute. | ||
| Now, it's that last point, this spying on these eight or nine U.S. senators with Arctic Frost. | ||
| These U.S. senators finally care about lawfare after eight years of going after Trump, his top aides, his supporters, they finally care. | ||
| Senator Corner sent to Mike and says, you know, if they could do it to us, they could do it to you. | ||
| Yo, dude, where have you been the last couple years? | ||
| We're going to take a short commercial break. | ||
| The Viceroy's in the House. | ||
| We've got a lot to go through with the Viceroy, including the AI moratorium. | ||
| Joe Lavanier for Treasury, big news out of the economy this morning. | ||
| Oh, this is the September Job Job Jobs report. | ||
| Non-farm payrolls are up a robust $119,000. | ||
| $119,000 would be the best since April when we were up $158,000. | ||
| In the rearview mirror, well, last month was downgraded from $22,000 to minus $4,000. | ||
| Now, if we look at what's going on with the unemployment rate, it ticked up from 4.3 to 4.4. | ||
| That was unexpected. | ||
| 4.4 would last time we were at that level, boy, I have to go back a ways. | ||
| October of 2021 when it was 4.5%. | ||
| Now, if we look at labor force participation rate, it ticked up. | ||
| That's a good thing. | ||
| 62.4 equals where we were in May. | ||
| You have to go to April of this year when it was 62.6 to find a higher number. | ||
| In terms of the earnings, average hourly earnings month over month, up two tenths. | ||
| That's a bit on the weak side. | ||
| We're expecting up three tenths, up two tenths equals where we were in June to find a lower number. | ||
| You are going in the way back machine to August of 23 when it was up one tenth. | ||
| Take a year over year perspective. | ||
| This gets better. | ||
| From 3.7, our last look in expectation to 3.8. | ||
| Solid news, really solid news. | ||
| Remember, Axios has got a thing called Behind the Curtain. | ||
| Republicans see Dire 2026, warning signs, red alert, blah, blah, blah, blah. | ||
| I'm quoted in there as saying, hey, all we have to do is execute on the plan that we've laid out from the supply side tax cut to the tariffs and the reordering of commercial relationships. | ||
| It has to be action, action, action. | ||
| Just execute on the plan. | ||
| You've had the Secretary of Treasurer over the White House the other night gave a great interview on the spot to Brett Barron saying, hey, look, this thing's going to pivot in the end of the first quarter, second quarter. | ||
| The capital investment starts to kick in, right? | ||
| And we're going to be turbocharged. | ||
| You're already seeing, I think, a slight indicator of that already. | ||
| Joe Lavanier joins us from Treasury. | ||
| Joe, what's your interpretation of this data that's coming out today? | ||
| Steve, thank you for having me. | ||
| The interpretation is the economy is holding in exclusively and entirely because of President Trump's policies. | ||
| We saw a very strong non-government related rebound in Q2 GDP of 4.5%. | ||
| Atlanta Fed took its Q3 estimate up to 4.2. | ||
| Both quarters are going to be led entirely by the private sector. | ||
| We have an incipient CapEx boom because of the one big beautiful bill that the President and his foresight needed to push through early so that the rules could be written. | ||
| We've got a substantial middle and lower income tax cut coming early next year through the no tax on tips and overtime. | ||
| All that is great, and the job numbers were better than expected today. | ||
| However, Steve, the three-month moving average on jobs is still quite soft. | ||
| What we know is that when the Biden administration handed us the economy post all of the significant downward revisions to the BLS, there were basically 2 million fewer jobs over the last two years of the Biden administration than what was initially reported. | ||
| So the labor market's holding in only because of President Trump and interest rates by the Fed's own admission are too high. | ||
| So we do need lower rates, Steve, so that we can get this golden error broad-based industrial capex and consumption boom in 26. | ||
| But I'm fearful that in the short term, the Fed is going to focus more on demand, not enough on supply. | ||
| We don't get those necessary lower rates. | ||
| But look, Too Late Powell, I mean, if we're dependent upon him, we should assume it's not going to happen because Too Late Powell is about to be relieved, right? | ||
| So do you anticipate? | ||
| I mean, we can't, this is what I'm saying. | ||
| We have to execute on what we've got. | ||
| I would love to have, and we should have, obviously, because they've screwed up the way they actually look at real interest rates. | ||
| But you can't depend upon Too Late Powell, can you, sir? | ||
| No, you can't. | ||
| But I do think the Fed needs to hear, again, very good, compelling, convincing arguments using their own methodology as to why interest rates are restrictive. | ||
| The yield curve is very flat. | ||
| Interest-sensitive sectors of the economy are soft. | ||
| And when we talk about a capex boom and return on capital, you have to make sure that capital costs aren't too high, especially for small businesses, Steve. | ||
| And monetary policy history is littered with times where things look good and then the Fed just waits too long to reverse course. | ||
| Joe, make us smart. | ||
| What should we be looking for? | ||
| You called this. | ||
| We had you on a couple weeks ago, last week. | ||
| Scott Besson called it. | ||
| Make us smart. | ||
| What should we be looking for downrange through the Thanksgiving holiday and maybe the first couple of weeks of December? | ||
| I continue, Steve, to look at the survey-based data, especially among the various regional banks that put out data from purchasing managers. | ||
| And the good news is those numbers are improving. | ||
| For example, the New York Fed Empire survey suggests we're going to get an ISM reading in the next month in the mid-50s. | ||
| That would be very positive. | ||
| So those anecdotes are key. | ||
| We're going to see some more payroll data before the year's out. | ||
| It might be soft because of the Democrat-induced shutdown. | ||
| But I think, as you said, Steve, it's the execution. | ||
| We're going to have the full expensing on the structures that IRS will have up by the end of the year. | ||
| That's going to lead to a big building boom. | ||
| So I think it's really on the forward and how the incentives are designed to create a middle-class boom. | ||
| We made a big bet and we mitigated the risk of that bet. | ||
| We've made a supply-side tax-breaking expense. | ||
| 100%. | ||
| This is all about driven by capital coming into plant and equipment. | ||
| This is to remake America a manufacturing superpower. | ||
| The trade and commercial relationships part of it, the Liberation Day, plus the Big Beautiful Bill, the supply-side tax cut. | ||
| Besson warned us, we got one last shot to do it. | ||
| It's done. | ||
| That's right. | ||
| Now it's all about execution. | ||
| I just want to say before you leave, and I'll have Rosemary Jenks on here. | ||
| The Viceroy just handed me a piece of analysis. | ||
| Since President Trump took office in January 2025, 2.57 million native-born Americans have gained employment. | ||
| And 1 million, over 1 million foreign-born workers have lost employment. | ||
| Full stop. | ||
| Joe Lavanye, you're doing a great job over Treasury. | ||
| Tell the Secretary Bessant and the entire team over there to keep hammering, okay? | ||
| Where's your social media, Joe? | ||
| Where do we get you? | ||
| It's going to be a disinflationary boom at LaVorne Unomics and at Sec Scott Besson. | ||
| Wow. | ||
| Wow. | ||
| Thank you, brother. | ||
| Disinflationary boom. | ||
| I like that. | ||
| You're stealing that one. | ||
| Artificial intelligence. | ||
| This whole thing. | ||
| I'm going to have Oren Cass on here. | ||
| I've got Rosemary Jenks about employment and everything we're working on there and these visas. | ||
| Orrin Cass, the great head of Compact or Compass, is going to be here, Populist Economist, to talk about the gain, you know, this GAIN Act and everything that's going on there. | ||
| But artificial intelligence. | ||
| I have not seen the War Room policy. | ||
| It's fired up for something to get to the ramparts. | ||
| Where do we stand in this? | ||
| There's word there may be an executive order tomorrow. | ||
| We've got this. | ||
| They're trying to slip this moratorium. | ||
| And I wouldn't mind it if we had a national debate about it. | ||
| It was in the Senate and the House in a couple of days of debating this thing through. | ||
| I could live with whatever the outcome is. | ||
| What upsets me the most is they're trying to slide this in again with no debate. | ||
| So it has to be us up at the ramparts saying you can't do this. | ||
| Let's step back and just remind the war room policy how we got to where we are today. | ||
| Back in 1996, the Communications Decency Acts got enacted by Congress and it included Section 230. | ||
| And Section 230 gave these baby tech platforms of the time this broad amnesty from lawsuits. | ||
| You got to admire them. | ||
| They realize right away that we want to do what big pharma did with vaccines, right? | ||
| So this place has always been bought and paid for by Wall Street and tech. | ||
| They realize at the beginning of the internet, we got to get this in there, right? | ||
| To let these guys run the tables. | ||
| And maybe there's a time and place for protecting some of these smaller industries. | ||
| That could be a debate that they have in the House and the Senate. | ||
| But remember, under Obama, between Section 230 immunity and antitrust amnesty, because Obama had these same tech bros who pretend that they're Trump supporting the city. | ||
| No, he created the oligarchs. | ||
| That's when the oligarchy was created, right? | ||
| No competition. | ||
| We're going to let you be in every vertical. | ||
| Facebook, Twitter, all of you guys, Amazon, all of them are going to have, you're going to be an oligarch in that segment. | ||
| We're not going to touch you with antitrust. | ||
| We're going to get the FTC off you. | ||
| You've got 230. | ||
| And he created them because they're all progressive Democrats. | ||
| Yeah, like Mark Zuckerberg. | ||
|
unidentified
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You know, Mark Zuckerberg was one of Jeff Bezos. | |
| Jeff Bezos all of their bros. | ||
| Zuckerberg's the worst. | ||
| They were Obama's bros. | ||
| Obama protected them, coddled them, and they became these trillion-dollar big tech monopolists. | ||
| Zuckerberg told him how to win on social media. | ||
| Obama did, remember they met in the San Francisco airport, I think, American Airlines. | ||
| They met and had the, he explained to him what Facebook was and how they could beat the Clintons by using this. | ||
| So Google, Amazon, Facebook, and Apple, these four different trillion-dollar big tech monopolists, now they use their market power to crush competition, shutter small businesses, and cancel conservatives. | ||
| And we have people out there like Gail Slater at the Antitrust Division and Andrew Ferguson at the Federal Trade Commission, Brendan Carr at the FCC, trying to hold these big tech monopolists in check. | ||
| Okay, but hang on. | ||
| This is where Bozberg, and this is where another reason to be impeached. | ||
| Bozberg is everywhere. | ||
| It's like a bad rash. | ||
| We just had a defeat on Meta. | ||
| Finally, after years of Lena Kahn, the FTC, these guys finally get Meta in court. | ||
| Tell people what Bozberg did. | ||
| Yeah, Jeb Bozberg got the FTC. | ||
| Andrew Ferguson, the all-star chairman of the FTC, who's a friend of the War Room posse, a friend of mine, former colleague, took the Meta to trial. | ||
| And Jeb Bozberg, of course, sided with Meta, right? | ||
| Because he's a progressive Democrat. | ||
| And Zuckerberg's a progressive Democrat. | ||
| Well, because Meta spent $400 million chasing President Trump out of office in 2020 and subjected President Trump to unprecedented republic-ending lawfare, four indictments for non-crimes, bankrupt for non-fraud, tried to throw him off the ballot in Colorado and Maine, trying to take off his head. | ||
| This lawfare is continuing with Jeb Bozberg. | ||
| But now these tech bros are trying to cozy up to President Trump. | ||
| They want to donate a million dollars to his inauguration. | ||
| Maybe they want to help build this ballroom. | ||
| And these are not our friends. | ||
| These are the people who censored, silenced, deplatformed, and canceled the President of the United States, his aides, and his supporters. | ||
| But now they want this AI amnesty. | ||
| They pretend that they need broad AI amnesty where the state and local governments cannot touch AI. | ||
| So they want to have state and local amnesty. | ||
| But the problem is there's no federal standard, right? | ||
| They just want broad, they want federal preemption without federal rules of the road. | ||
| They don't want to protect conservatives. | ||
| They don't want to protect children. | ||
| They do not want to protect communities. | ||
| They do not want to protect creators. | ||
| In fact, these AI oligarchs want to rip off all four of those Cs because they want to make trillions of dollars. | ||
| And they pretend that they're going to do this under the guise of competing against China. | ||
| Apparently, we need to steal like China to compete against China. | ||
| We need to have slave labor like China to compete against China. | ||
| Is unacceptable, and it's Ted Cruz in the Senate who's pushing this. | ||
| He was pushing this back in June, and then the War Room posse lit up the Senate, and this thing failed in the middle of the night, 99 to 1, back on July 1st. | ||
| Here we are, four months later. | ||
| This is like the Freddy Kruger of legislation. | ||
| They just won't die. | ||
| They just won't go away. | ||
| And they're back at it. | ||
| They're demanding AI amnesty again, this time in must pass defense authorization bills. | ||
| And I encourage the war room posse to go to article3project.org and take action. | ||
| And the key action item today is to contact both of your home state senators and your U.S. House Representative and say, hell no, we're not going to give these AI oligarchs amnesty. | ||
| Let's come up with examples of what this amnesty would mean, Steve. | ||
| You have these teddy bears now, these AI teddy bears that talk sexually explicitly to children. | ||
| They're pedo-bears, right? | ||
| This bill, this amnesty being championed by Ted Cruz, would prevent states and local governments from outlawing these pedo bears. | ||
| Does Ted Cruz want that? | ||
| This bill would prevent, for example, states from regulating AI data centers. | ||
| So you don't have AI data centers in the middle of neighborhoods. | ||
| It would also mean that these state and local governments can't protect kids with AI. | ||
| They can't protect kids from AI. | ||
| Hang on one second. | ||
| We'll take a short commercial break. | ||
| I get one more short segment with the viceroy before he has to bounce. | ||
| Back up to the Capitol. | ||
| Short break. | ||
| We rejoice with our Long Law. | ||
|
unidentified
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Let's take down the CCB. | |
| Here's your host, Stephen K. Bannon. | ||
| We need actually five hours this morning to make sure that we get everything done. | ||
| Birch Gold, take your phone out. | ||
| Text Bannon, B-A-N-N-O-N-989898. | ||
| The ultimate guide for investing in gold and precious metals. | ||
| Do not forget silver. | ||
| Talk to Philip Patrick and the team. | ||
| Get all the methodologies, 401ks, IRAs, tax deferred, all of it because you need to understand that in the age, not the era, the age of Trump. | ||
| Mike Davis, the Viceroy, AI, once again, because this is an action. | ||
| I actually need five hours to do this show. | ||
| We're going to go from the two and the two this afternoon. | ||
| What on artificial intelligence? | ||
| One of the big fights we got. | ||
| What do people do? | ||
| So the House and Senate must reject Senator Ted Cruz's attempt to sneak in AI amnesty through must pass legislation like we did four months ago and we won 99 to 1, including Ted Cruz voting against his own bill. | ||
| If they want federal preemption for AI, they need to have it through the regular legislative process with bills being introduced, going to committee, having debate, having amendments, having votes. | ||
| They need to get 60 votes in the Senate. | ||
| They need to get the House to agree to it. | ||
| And they need to protect what I call the four Cs. | ||
| They need to protect conservatives from online cancellation. | ||
| They need to protect children from child predators like the pedo bears that we just discussed. | ||
| They need to protect communities so we don't have data centers in neighborhoods with FERC-like condemnation power. | ||
| So we don't see electricity bills go through the roof to pay for these data centers. | ||
| So working class Americans have to foot the bill for these trillion-dollar big tech platforms for their AI data centers. | ||
| And we need to protect creators. | ||
| We can't just rip off every copyright in the world. | ||
| We can't steal like China to compete against China. | ||
| We need to do AI the American way. | ||
| I know these big tech platforms are very Chinese focused, but we're going to have to do it the American way. | ||
| And we can get it done. | ||
| There is a path forward, but they need to come to the table and protect the four C's. | ||
| Innovation and growth, we're in back of. | ||
| We've been arguing that's President Trump's plan. | ||
| What they want to do is total anarchy. | ||
| And they're radical accelerationists. | ||
| And we don't need to be, we need to stop the Chinese Council Party. | ||
| Or in Cascombe, we're going to talk about the Gain Act in a moment about restricting chips. | ||
| I want people to go right now. | ||
| Where do they go? | ||
| So I would say this to the AI oligarchs. | ||
| We are going to kick your ass again like we did four months ago, 99 to 1, with the Article 3 project teaming up with Bannon's War Room Posse. | ||
| We are the most potent force in Washington. | ||
| And what I want the war room posse to do today, right now, is go to article3project.org, article number3project.org, and take action. | ||
| The key action item is to stop Ted Cruz's attempt to sneak in AI amnesty and the National Defense Authorization Act. | ||
| We do it today. | ||
| We did it. | ||
| Go right there, right now. | ||
| We did it in July in the Big Beautiful Bill. | ||
| They tried to do it in the middle of the night. | ||
| We stopped them then. | ||
| I told you at the time the next shot is the NDAA and they're just slipping. | ||
| Sure as the turning of the earth, they did it. | ||
| You guys stopped it before we got to stop it again. | ||
| Viceroy, I know you got to roll. | ||
| Many important meetings over there. | ||
| You can stop slumming now to the war room basement. | ||
| The war room basement. | ||
| Thank you. | ||
| Rosemary Jenks, you're our person about the action we need to take about American jobs and American workers. | ||
| Mike Davis, I just sent you that thing, Mike Davis showed. | ||
| Since President Trump got here, 2.5 million, I think, Americans are now in the workforce with jobs and a million foreign-born workers are gone. | ||
| But that's not good enough. | ||
| That's just a start, correct? | ||
| That's absolutely right. | ||
| And it's fantastic news. | ||
| Let's not hide that. | ||
| And the Trump administration has done a lot of things to help American workers that are not being publicly recognized. | ||
| I mean, the H-1B fee, that $100,000 fee, is limited, but it will still help. | ||
| There are a lot of things that are happening within DHS that are going to help American workers. | ||
| But all of this needs to be happening on steroids. | ||
| We need to stop these visa holders from coming in and taking American jobs because, you know, if we don't get Americans to work, and there are well over 10 million Americans, there are almost 9 million American men outside the labor force of working age. | ||
| If we don't get them back to work before the midterms, we're going to lose. | ||
| So, you know, they're going to vote for whichever party seems to be standing for them. | ||
| We need to be standing for them. | ||
| It's in our economic interest. | ||
| It's in our national interest. | ||
| You know, we could not do a better thing than to stand with American workers and end these visa programs. | ||
| And by the way, I am told that Congressman Chip Roy is going to be introducing his moratorium bill, the PAWS Act, today. | ||
| So we should start building support for that in Congress. | ||
| It's going to be a big fight to get that supported, but we need to start now and let members of Congress know that we can't take this anymore. | ||
| We have to put American workers first. | ||
| PAWS Act is actually something I've advocated for full time because it's not just H-1Bs. | ||
| My point of H-1B is just get rid of the whole thing. | ||
| It's a total and complete scam. | ||
| And I realize the president has got $100,000. | ||
| It's a total and complete scam. | ||
| Still cannot show us any billet, any billet of any H-1b holder that has a billet, that in that billet you don't have an American that has the educational or or or technical expertise. | ||
| This is all done to drive down wages and to bring indentured servants over here. | ||
| But the pause act is actually broader, which i've advocated. | ||
| What Chip Roy wants, and many of us want, is to actually pause all immigration for a couple of years, until we get all of these programs, until people go through and really understand what's going on, Rosemary. | ||
| That's absolutely right. | ||
| We learn every day new abuses of our immigration system. | ||
| I mean, just this morning I was reading about abuses of the H-2A program, which is for agricultural workers. | ||
| So many, all of these visa programs are being abused. | ||
| We need to tear down the entire system until we can rebuild it so that it serves Americans' interests and eliminates fraud. | ||
| And that is exactly what the PAWS Act would do. | ||
| Put just a timeout on all immigration until we can get our house in order. | ||
| And that is exactly what we need to do. | ||
| Rosemary, where do people go? | ||
| Your new organization is there to fight and take action, action, action. | ||
| That's just not analysis. | ||
| So many people want to have your back. | ||
| Where do they go, ma'am? | ||
| Iapaction.com is our website. | ||
| We have a C3 website that's iaproject.org, but our main one is iapaction.com. | ||
| You'll see our congressional ranking system. | ||
| You can see exactly what your members of Congress have been doing on the immigration issue or what they have not been doing and push them to do better. | ||
| So iapaction.com. | ||
| One of the warriors at the tip of the spear, Rosemary Jenks, honored to have you on here, ma'am. | ||
| Want everybody to go to that site today, get more information. | ||
| The PAWS Act, let's pause it all except H-1Bs. | ||
| Let's shut that down. | ||
| Thank you, ma'am. | ||
| The right stuff takes us out. | ||
| You know why? | ||
| Rosemary Jinx has got the right stuff. |
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