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Biden Family Corruption Scandal
00:13:45
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| I'm Alex Marlowe, editor-in-chief of Breitbart News. | |
| And on this episode of the Charlie Kirk Show, we talked to Peter Schweitzer, who is a prolific author, president of the Government Accountability Institute, a senior contributor to Breitbart News. | |
| And he breaks down everything in the Biden crime family that has been reported in recent days and what he is anticipating is coming over the horizon. | |
| He connects a lot of the dots for us in terms of the latest investigations, and you're not going to want to miss his assessment of all of them. | |
| Then we talk to JD Vance, who is a senator from Ohio, but also one of the more forward-thinking populist nationalist conservatives out there. | |
| He pitches us his new rail bill before I ask him a very compelling question, I believe. | |
| Is Ohio a border state? | |
| Clip into those five-point harnesses because here we go. | |
| Charlie, what you've done is incredible here. | |
| Maybe Charlie Kirk is on the college campus. | |
| I want you to know we are lucky to have Charlie Kirk. | |
| Charlie Kirk's running the White House, folks. | |
| I want to thank Charlie. | |
| He's an incredible guy. | |
| His spirit, his love of this country. | |
| He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA. | |
| We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country. | |
| That's why we are here. | |
| Brought to you by the Loan Experts I Trust, Andrew and Todd at Sierra Pacific Mortgage at andrewandTodd.com. | |
| Alex Marlowe here, editor-in-chief of Breitbart News. | |
| Please be filling in again for Charlie Kirk, freedom at charliekirk.com. | |
| Charlie has asked one small thing: five-star reviews and subscribing to the podcast. | |
| That is the best thing to do to help Charlie. | |
| Helping Turning Point is always recommended. | |
| Peter Schweitzer is on with me. | |
| He is senior contributor for Breitbart News, president of the Government Accountability Institute. | |
| He is a podcaster. | |
| He's got the Drill Down podcast and perhaps the most important conservative author working period, as well as my friend. | |
| Peter, what's up? | |
| Good morning. | |
| Hey, Alex, it's great to be with you. | |
| How you doing? | |
| Peter, as usual, we have nothing good to talk about. | |
| As much as I would like to talk to you about positive things, there's only negative things to get to. | |
| But I want to get your thoughts on, first of all, some of the Biden investigations and then some of what's going on with the U.S.-China relations. | |
| But let's start with there's two sort of competing revelations that we've been seeing coming out of Washington. | |
| Republicans trying to investigate the Bidens. | |
| You're world famous for your reporting on the Biden crime family. | |
| So we've got the House Oversight Committee that has just this week revealed that Hunter Biden perhaps got received a bribe directed towards Joe Biden for about a million bucks. | |
| This doesn't seem to be entirely fresh, but it was certainly framed to us as if it was fresh. | |
| Let's just start there. | |
| Evaluate, first of all, give me what we learned, if you learned anything from it. | |
| Maybe you didn't. | |
| And then give me what you think this means in the grand scheme of things. | |
| Yeah, Alex, I think the thing we have to keep in mind with this congressional committee is it's going to move slow just by its nature, and it's being driven by their access to records they've subpoenaed. | |
| They've been focusing primarily on the banking records associated with the Biden family and the myriad of Biden LLCs that they've set up. | |
| Thus far, they've obtained records from four of what are believed to be 12 banks that the Biden family had financial transactions through. | |
| And out of those four banks, we've now got about $10 million in foreign money coming to the Bidens. | |
| And as the committee has reiterated, and as you and I have made the point really since 2018, when we first broke this story, there's no discernible business that the Bidens have. | |
| I mean, there's no service. | |
| There's no product. | |
| They don't bring any capital to the table. | |
| The business seems to be them getting money for some possible future business that never materializes. | |
| And I think that's just a way to mask the fact that they are receiving money from foreign entities, and those foreign entities want access to Joe Biden. | |
| So I didn't learn a lot new, but I think the committee did a couple of things. | |
| Number one, they provided undisputed fact that this money came to the Bidens to these banks. | |
| And number two, the committee finally raised the specific point that we made from the beginning that the people actually sending the money to the Bidens have links to Chinese intelligence at a very high level. | |
| And that's something I think they should keep pounding on. | |
| Okay, so what did we learn about this million-dollar check from this Romanian oligarch who was somewhat familiar to us? | |
| Let's be honest, Peter, in the scheme of things, a million bucks is just not a ton of money. | |
| But is that enough perhaps to grease the palms of the Biden family and get Joe to do something that he shouldn't have done? | |
| Do we see any evidence of that? | |
| Yeah, I mean, look, if you look at the Bidens, the Biden family really does not have a whole lot of resources. | |
| So a million dollars for the Biden family is, you know, pretty good sum of money. | |
| It's somewhat small by other standards when you look at the Clintons and others, but that million dollars still matters a lot to the Bidens. | |
| And what I think is particularly scurrilous about this case, you can add Romania to the list of foreign countries that have sent money to the Bidens. | |
| And again, it's never Japan or Germany or the UK. | |
| It's countries that are rife with corruption. | |
| And in this particular case, this gentleman had been charged with corruption. | |
| He hired the Bidens to try to get that removed, that attached to him removed so he could do more business in the United States. | |
| And the Bidens turned to their friend, Louis Free, the former FBI director, who also got money from this same individual. | |
| So this is a Biden story, but it also is a story of what happens to senior FBI people when they leave. | |
| And the answer is sometimes not good things. | |
| So in the court of public opinion, if the establishment media lets people talk about this, you see this million dollars coming in for, as you say, no goods, no services. | |
| We don't really know what the Bidens are doing. | |
| So we know this is obviously some way to curry favor or maybe a direct one-to-one bribe. | |
| But first of all, do we see the quo? | |
| And second of all, do we see anything specifically illegal? | |
| Good questions. | |
| I think the quid pro quo question is often where the conversation goes. | |
| And I think we have to understand that when it comes to corruption, there's two models. | |
| One is quid pro quo. | |
| I give you money and you give me a specific thing in return. | |
| That's the easiest one to detect. | |
| The other form of corruption is what I would call a retainer model. | |
| In other words, you're looking for access. | |
| You're looking for a hearing. | |
| You're looking for somebody high in government to hear you out in your concerns. | |
| That, in my mind, is as corrupt as a quid pro quo. | |
| And that's what I think the Biden model was. | |
| They never promised, excuse me, they never promised anything specific, but they were given access to all these nefarious foreign actors. | |
| In terms of illegality, yes, I do believe that what the Bidens were doing, what Joe Biden was doing, was illegal in a number of respects. | |
| But it'll also ultimately be the committee and the material they come out that I think will prove and make that case. | |
| Is there any hope that Hunter Biden's going to get hauled before this committee and have to answer some of these questions? | |
| I mean, it just seems like a no-brainer to me. | |
| Yeah, I think the way they're approaching this is pretty good. | |
| Again, it's going slow and it's frustrating, but they're approaching this like prosecutors, Alex. | |
| They're first gathering the material paper evidence they have. | |
| That's the laptop. | |
| That's the banking records. | |
| Then they're going to work from the outside in. | |
| They're going to go to the Hunter Biden business partners, some of whom are cooperating with this committee, which is quite interesting. | |
| Then they're going to work their way closer into the inner circle of the family. | |
| And I think finally, once they've gathered all this other material, they are going to bring Hunter Biden before this committee. | |
| And the question is, what is Hunter Biden going to do? | |
| If he ignores the committee, then it's going to be incumbent upon this Department of Justice, his father's Department of Justice, to charge him with contempt of Congress, which is, of course, what was done to Stephen Bannon. | |
| And the question is, are they going to apply the same standard to Joe Biden's son as they are applying to other people? | |
| And if they don't, I think things are really going to hit the fan for this administration. | |
| So would you say you're keeping your hopes up or you're actually high hopes that this thing is really going to yield some real fruit? | |
| My hopes are cautiously optimistic. | |
| And I think that is because we know where the truth lies. | |
| The official congressional investigation is arriving at a lot of the conclusions that we already had, but they're doing it in a way where they actually have the banking records. | |
| What we did, Alex, before in showing that there was some $30 million the Bidens got from Chinese entities was looking at the laptop and looking at emails where they talked about the transfer of money. | |
| What this committee is now going to do before the American people is say, look, here's the actual wiring of the money. | |
| So I am very optimistic because I know where the truth lies, and I still want to believe there are enough people in the United States that care about this stuff and want something to be done about it. | |
| There's a couple other places where people are looking into the Biden family right now. | |
| One thing that is interesting, this wasn't exactly your beat, but learning that the U.S. government was really deeply involved in the suppression of the Hunter Biden laptop news. | |
| This seems to be a bombshell. | |
| It is. | |
| It should be a huge bombshell because we know, of course, that the FBI and probably other government agencies had access to the laptop in 2019. | |
| And it was very, very easy to confirm that at least a large number of those emails were real and accurate. | |
| When we got a copy of the laptop, Alex, we simply took the email and we compared it to the Secret Service travel logs for Hunter Biden that had been released by a congressional committee. | |
| We compared it to the email collection of some of Hunter Biden's business partners, and we found that it matched completely. | |
| Is there any way to hold him to account, or is this just another one of those things where we just sit here frustrated? | |
| No, I mean, I think Congress needs to hold him to account. | |
| And like any office, he can be potentially impeached if they feel that's necessary. | |
| Look, to me, the biggest problem is with the FBI leadership, there's a complete lack of curiosity on these issues. | |
| I mean, they get very excited about all these other issues they want to investigate. | |
| You're talking about the first family of the United States. | |
| If you had a possession of Hunter Biden's laptop and you are this world supreme law enforcement agency, there are lots of things you can do to confirm the accuracy of what's in it and look at the very serious national implications, national security implications behind that laptop. | |
| The fact of the matter is they didn't seem to do any of that. | |
| And that is a problem that starts at the top. | |
| Okay, so moving towards Arkansas, Hunter Biden's in a paternity case. | |
| The most fascinating thing to me about this, he's been skipping out on alimony, child support, all that stuff. | |
| It's incredibly creepy that the Biden family doesn't even acknowledge Hunter's love child with this stripper that he had about four years ago, which is just one of the most appalling things of all the appalling things the Bidens do. | |
| But I will say it's fascinating that this judge is going to know everything about Hunter Biden's finances. | |
| Do we have any hope of learning what's going on? | |
| Because he'll know every place Hunter gets money, correct? | |
| Yeah, that's exactly right. | |
| Yeah, I mean, it's ironic the point you made about the family not acknowledging this grandchild. | |
| It's ironic because Joe Biden made a speech a couple of weeks ago where he said there's no such thing as other people's children. | |
| Well, apparently in this case, in this case, there apparently is. | |
| But yeah, I mean, to your point, this is another example, I think, of the arrogance that you see with Hunter Biden. | |
| He could have easily tried to, you know, work out some arrangement with the mother of this child. | |
| He didn't do that. | |
| He's now being dragged in front of court and he is required to disclose his sources of income. | |
| And so some of that, I'm sure, is already aware of the mother's defense team. | |
| And hopefully we'll get to learn some about that. | |
| But this has been, I think, one of the great mysteries and one of the problems in America today. | |
| A guy like Joe Biden has to tell us if he has $1,000 of GE stock, he has to give us every campaign contributions, you know, starting from $200 and above. | |
| But if his adult son uses his name to make millions of dollars from China, there's no disclosure requirement. | |
| That's just patently absurd. | |
| And that needs to change. | |
| Exactly. | |
| Last one for the day. | |
| We got two minutes, and this is a topic. | |
| I'm sure you could do an hour on this. | |
| But the leaked Reuters revealed from four State Department sources that the Biden policy has shifted towards engagement with China and essentially has let them off the hook, and they're slow walking information from this spy balloon that bizarrely floated over our country for was about a week or so, a few months, ago. | |
| Peter, did you catch this story and do you have any thoughts on this revelation? | |
| Yeah, I mean honestly, I think American foreign policy towards China right now is a disgrace. | |
| It's basically the same thing we've been doing for 40 years. | |
| If we engage with them, whatever that means, it generally means giving them whatever they want. | |
|
MyPillow 2.0 Exclusive Offer
00:02:23
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| They're going to become more calm, more liberal, more friendly. | |
| The fact of the matter is that has not happened. | |
| China is far more aggressive, far more powerful than it was 40 years ago. | |
| Engagement has got us nothing and the Biden approach is to return to that policy, somehow thinking that I don't know maybe they think they're smarter or better looking or more persuasive they're somehow going to get a different result from China. | |
| They're not, and it's going to be the American people that are going to suffer. | |
| So yeah, this is a huge problem and it demonstrates that this administration is tone deaf to the realities of what's going on in the world and what China is doing to us. | |
| Yeah, they have. | |
| Uh, they're they're slow walking the release of this. | |
| The details, Peter. | |
| We need these details and they're using them because they think it's some sort of a bargaining chip. | |
| They're not going to get anything with them, they're just withholding the information from us and meanwhile, the establishment media is focused on, you know, January the 6th. | |
| Still Peter, I wish I could give you more time. | |
| Unfortunately, they're giving me the big time old timey hook to pull me off the stage. | |
| But the Government Accountability Institute, where Peter Schweitzer is the best investigative journalist in America, senior contributor to Breitbart. | |
| If you've not read Red Handed, you're missing out the drill down podcast. | |
| Anything Peter does is terrific. | |
| Thanks, Peter. | |
| I'm Alex. | |
| Alex Marlowe. | |
| This is the Charlie Kirk Show. | |
| Hey, everybody, Charlie Kirk here. | |
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|
Debt Ceiling Border Enforcement
00:12:19
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| And let's bring in Senator JD Vance from Ohio. | |
| Senator, thanks for making time for us tonight. | |
| Good to be with you, Alex. | |
| So let's first talk about your real bill. | |
| I think this is a big deal, and I love that you're showing leadership here. | |
| Is this your first big bill? | |
| I guess that's my first half question. | |
| And the other thing is noteworthy that you're actually not doing this to campaign for some higher office. | |
| You're actually trying to benefit the people of Ohio with it, which is nice. | |
| Explain what's going on, and you're building a huge coalition. | |
| Give me the details. | |
| Yeah, so the basic idea is what happened in East Palestine, Ohio, where you had a train crash, terrible chemical fire afterwards, and basically a chemical bomb that went off in northeastern Ohio. | |
| I don't think that should happen again, or at least we should do some common sense things to make it less likely. | |
| What I've tried to do here is basically create a couple of additional safety standards that railroads have to comport with, and then simultaneously make it so that the firefighters who are dealing with these chemical fires when you have the train crashes to begin with, they actually know what they're dealing with. | |
| Because that's something I heard from the folks of East Palestine and 99% volunteer firefighting force is they were going into this chemical fire. | |
| They didn't know what they were actually dealing with and how could they properly protect themselves or deal with the fire given that reality. | |
| So the bill addresses both of those things. | |
| And the thing that I try to remind people, because I know a number of conservatives don't like the idea of doing anything that makes it harder for corporate America to live their life, the basic problem here is that the railroads socialize the risk of their business model. | |
| When they have a massive train crash, that costs a lot of money for Ohio taxpayers. | |
| It costs a lot of money for federal taxpayers. | |
| Think about the welfare benefits that are going to flow out through the door to the people of East Palestine, the health care benefits because of the health and economic consequences of what Norfolk Southern did. | |
| And if we're going to do that, and I think, of course, we should, we have to take care of the people of East Palestine. | |
| We should expect Norfolk Southern and other rail companies to hold themselves to a higher standard. | |
| And that's exactly what we're doing with this bill. | |
| It's pretty simple and straightforward. | |
| I know, you know, rightfully so. | |
| People are focused on the border. | |
| People are focused on the debt ceiling negotiation. | |
| Those are all very important issues, but I think this is a small win that I can get for the people of Ohio that matters a lot to folks back home. | |
| Yeah, and you're building an interesting coalition here. | |
| You've got Senator Rubio, Senator Hawley are backing it, but you've also got Sherrod Brown and John Fetterman, or at least what John Fetterman's operation will say, is backing it. | |
| Bob Casey as well. | |
| Why are they behind this? | |
| Well, I think for the Ohio and Pennsylvania senators, it's a very easy case. | |
| So East Palestine is right on the border of Ohio, Pennsylvania. | |
| It's about four miles from the Pennsylvania border on the Ohio side. | |
| So, you know, if you're from Ohio, Pennsylvania, this is just not a partisan issue, right? | |
| I think for other senators, it's maybe they tend to look at this stuff through more of a partisan lens. | |
| But for those of us who are representing the people of Ohio and Pennsylvania, it's an easy sell. | |
| We've also got Eric Schmidt on board, Mike Braun, a number of great senators from sort of across the conservative spectrum. | |
| So I feel good about its chance of passing. | |
| I think that the House is obviously focused on the debt ceiling as it should be for the next few weeks. | |
| I think it's got a good chance of passing in the House. | |
| And this might be one of those bills that Joe Biden can sign into law because the guy's running for re-election. | |
| He can't sit around and do nothing for the next two years. | |
| So let's hope he does something here. | |
| Yeah, and he at least acts as though he is someone who has some allegiance to Pennsylvania. | |
| So we'll see if that plays out here. | |
| What are the objections to it? | |
| I know that you're going back and forth with Senator Cruz. | |
| We don't need to belabor that, but we know that he's kind of the rail industry seems to be worked with him in the past. | |
| I'm not asking you to go there, but what are the main objections to it? | |
| Because it seems like a no-brainer. | |
| Yeah, I mean, Ted's a good friend, absolutely. | |
| And right now, by the way, he's at the southern border doing the Lord's work and notifying the people about what's going on there. | |
| I think that the objections, the good faith objections that I've heard from Ted and from others, it's pretty straightforward here. | |
| First of all, people are worried about a couple of provisions in the bill. | |
| They think that maybe you give too much discretion to the Secretary of Transportation, Pete Butigic, who has done nothing. | |
| And look, that's a fair concern. | |
| My counter-argument, Alex, is I've been complaining for the last three months that Pete Buttigig has done nothing. | |
| So if I draft a bill that forces him to take action, that's not giving him too much discretion. | |
| The way that I think about it is we're actually forcing him to take some action, which is exactly what he should be doing. | |
| I think there's sort of some broader concerns about very narrow parts of the bill. | |
| I actually think that over the next couple of months, maybe a couple of weeks, we're going to address some of those concerns, get a lot of additional Republicans on board. | |
| But I think the concern that I really have no patience with is this idea that somehow we're violating a free market principle by forcing the railroads to observe some common sense safety standards. | |
| The railroads are not a free market industry. | |
| They've benefited from any number of government monopolies, government special subsidies. | |
| And by the way, Alex, six months or so ago, they came to the federal government and literally begged for a bailout from a labor dispute that they had gotten themselves in. | |
| And Joe Biden and the Democrats went right along with it. | |
| So these guys can't claim to be the representatives of the free market given how enmeshed they are with the government. | |
| That's been my argument from the beginning. | |
| And that's really the one criticism of the bill that I have no patience with. | |
| This is not about infringing on the free market. | |
| It's about making a free rider pay their fair share. | |
| Yeah, it seems like it's accountability for both sides of the argument. | |
| The EPA said, and Charlie Kirk just tweeted this out yesterday, that they weren't even consulted on the decision to burn thousands of gallons of toxic chemicals in East Palestine. | |
| JD, can we check in on East Palestine? | |
| How are they doing? | |
| The fallout must be intense and it just gets pushed off the front pages. | |
| How are they? | |
| Well, this is one of the big fears I've had, Alex, and certainly the people of East Palestine have had that as soon as this stopped being a front page story, that everyone would just ignore them. | |
| I certainly haven't done that, but unfortunately, far too many have. | |
| Look, it's getting better, right? | |
| Things are certainly improving, though they're improving at a slow pace. | |
| It's kind of crazy, Alex, if you think about all of the toxic waste caused by that chemical spill, it's still not out of East Palestine, though it's getting out piece by piece. | |
| We think by mid-June, the community should be cleaned up. | |
| And then really, once we get the cleanup done, which is what I'm most focused on, like I said, should be happening by mid-June. | |
| The two things we're going to have to worry about are: number one, how do we rebuild East Palestine economically? | |
| I mean, think about the farmers, the homeowners who have completely had their lives devastated by what's happened. | |
| And then the second thing is we've got to do some long-term health monitoring so that people know with confidence that they can go back to their homes, they can live their lives, and their grandkids aren't going to get weird diseases five, 10 years down the road. | |
| And here's the crazy thing, Alex. | |
| If you think of all the weirdness that we've gone through the last couple of years with COVID, the massive sprawling public health bureaucracy we have in this country, there is not an arm of the federal government, of the entire public health bureaucracy that is set up to test and monitor for long-term health concerns, you know, the consequences of a chemical spill 10 years down the road. | |
| So that's something we have to work on too, because the people of East Palestine are coming to me and saying, look, we're not worried we're going to drink the water and drop dead tomorrow. | |
| We're worried we're going to drink the water for the next 10 years and it's going to cause problems for our kids and our grandkids. | |
| That's, of course, a totally reasonable fear and something their government has to be responsive to. | |
| Yeah, and it's been said before, President Trump getting there first, I think, was a pretty important moment in the presidential. | |
| Huge deal. | |
| Huge deal for the people of East Palestine. | |
| I think a huge deal for the president politically because it really does show him at his best, right? | |
| On the ground, the people who have been forgotten and ignored, drawing attention to it, actually taking action to make their lives better. | |
| I think it was a great win for both the president and the people of East Palestine. | |
| Yeah, I agree. | |
| And it did make me feel like President Trump's getting his fastball back, which is what we all want, whether you're a big fan or not a fan at all. | |
| You want him to have his fastball. | |
| JD, you got about five minutes, and I got two huge ones that I want to get to with you. | |
| The debt ceiling debate. | |
| Republicans have a great proposal on the plan. | |
| It actually raises the debt ceiling, which would have been intolerable a few years ago, but we're getting more realistic. | |
| It just demands some cuts, no more tax hikes. | |
| Seems like a no-brainer. | |
| And yet the Democrats are acting like this is some sort of an outrage. | |
| It's really ridiculous, Alex. | |
| We have to sort of step back and remember the posture here where Joe Biden refused to negotiate for months, basically daring the Republicans to come up with a deal. | |
| Kevin McCarthy, to his great credit, got the moderates in his coalition, the conservatives in his coalition behind a deal that does two things. | |
| It pays the country's debts, ensures that we don't have a terrible economic outcome. | |
| It also puts the country on a sustainable path financially. | |
| I think it's a very big win for our country and really astonishing that Joe Biden continues to sort of sit in the Oval Office and say, I'm not going to do anything. | |
| It really shows how much the radicals, I think, drive the agenda in the Biden White House. | |
| I don't think Joe Biden five years ago would have been sitting on his hands doing absolute nothing, at least I hope not. | |
| But it goes to show how far his administration has gone off the left end of the cliff. | |
| Unfortunately, the country needs him to do his job. | |
| We can't do all of this ourselves as Republicans. | |
| The president has to come to the table. | |
| What I think President Trump said in his town hall the other day was really important. | |
| We should not allow these guys to play chicken with us. | |
| We should go in, eyes wide open, about what the downsides are, and we should say we have more patience and we have more willingness to get a deal done than you do. | |
| So we're not going to let you guys dictate terms on us. | |
| If we have to go right up to the edge, we will. | |
| We'll do it in the service of getting the country back on the right path financially. | |
| Biden's also falsely claiming the Republicans' plan would cut veterans' health care. | |
| Just the demagoguery is surreal. | |
| JD, I've been doing a lot of research into Joe Biden, and I'm going to tease the audience with this. | |
| But down the road, I will definitively make the case he is the most fiscally irresponsible person to ever live in the history of the world. | |
| And I think this is yet another example of it. | |
| Let's turn to the border, but let me ask you a question. | |
| And I think you'll know where I'm going with this. | |
| Is Ohio a border state? | |
| Well, it is, Alex. | |
| I mean, every place is a border state because we deal with the consequences of what comes across the southern border. | |
| I mean, if you live in Ohio and you maybe don't see the effects of the border crisis as obviously as you do in El Paso, Texas, if you know someone who's died of a fentanyl overdose, you are feeling the effects of Ohio being a border state. | |
| If you've gone to a hospital emergency room and you've seen the wait times way too long because there are a number of illegal aliens getting health care in the state of Ohio, you're seeing the effects of Ohio as a border state. | |
| And if you've tried to buy a house and you've seen the effects of skyrocketing housing costs and interest rates, you're seeing the effects of Ohio as a border state because when you bring in 10 million people illegally, you've got to house them somewhere. | |
| And houses that should go to American citizens are right now going to people who should not be here in the first place. | |
| So everything from the skyrocketing cost of housing and health care to the fentanyl on our streets is a direct consequence of Joe Biden's border policy. | |
| And I know we're short on time, Alex, but Maorcus came out and said this. | |
| He said we are having an open border because American companies need cheap labor. | |
| He actually said we're allowing a border crisis in this country in the service of cheap labor. | |
| These guys are not even hiding it anymore. | |
| It's extraordinary. | |
| It's dangerous. | |
| And it's the reason why we need an all-hands-on-deck approach, minimize the damage as much as we can for the next two years. | |
| And God, we have to get a Republican president, hopefully Donald Trump at 24. | |
| Brilliant point, JD. | |
| I got 30 seconds. | |
| Are we completely helpless here, or what can we do, particularly you elected Republicans? | |
| No, look, we're not completely helpless. | |
| Obviously, Joe Biden has a lot of power at the southern border, but we can fight him tooth and nail. | |
| We can try to reinforce and re-implement Title 42. | |
| We can take money from his priorities unless he promises to enforce the border. | |
| I think that's one of the things we have to do through this debt ceiling negotiation: say, look, if you want us to be better negotiating partners, actually enforce the southern border. | |
| That's the most important thing we could do. | |
|
Fed Rate Hike Signals
00:04:30
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| JD Vance, Republican from Ohio, anything to plug today, JD? | |
| Or where should people go if they want to support the train bill? | |
| We're on all the social media. | |
| JD Vance, one on Twitter. | |
| We're on Facebook, Gitter, Truth, and Facebook. | |
| Just follow along and call your congressman. | |
| Tell him to get behind this bill. | |
| Amen. | |
| JD Vance, thank you. | |
| Thanks, Alex. | |
| We're seeing today the stock market was taking a bit of a bath, especially early in the day. | |
| And why could this be? | |
| Well, the reason why is because there is one particular Fed official, someone who's seen as a moderate, who came out today and suggested that perhaps the unemployment rate is too low and the inflation rate is not low enough, which sends a signal that perhaps we could see yet another Federal Reserve rate hike. | |
| And inflation actually ticked up a little bit from the last time we did a read on this. | |
| So even though it's a bit below its peak, it's actually going in the wrong direction. | |
| We're seeing unemployment at a historic rate. | |
| And what the Fed's trying to do with these interest rates is they're trying to titrate the market so that there actually is some increased level of unemployment in order to slow down the inflation rate. | |
| So they have not been able to accomplish this, clearly, at this point. | |
| We saw unemployment claims go up in the last weekly reporting, but overall, we're just in way too precarious of a position. | |
| And so even though Wall Street, I think, had a consensus, perhaps until earlier today, even that the rate hikes were going to stop, now that is no longer the case. | |
| And we're to interpret, I think, some of this early reporting from today from the Fed as pretty much what Jerome Powell is thinking. | |
| So he probably shares his point of view, and he seems to be willing to continue to hike rates. | |
| So this is a pretty big change because the market is now, it was betting on probably rate cuts or at least no additional rate hikes coming up. | |
| And we could see yet another hike based on this recent data. | |
| So this is volatile time and it is not to belabor the point, but it's definitely one where you want to be hedging as best you can with money, particularly when you know we are going to be seeing the Biden administration continue to try to spend. | |
| And this is why I think he doesn't want to go with the Republicans' debt ceiling rules because all he knows how to do is spend. | |
| Really, most Democrats are like this. | |
| They don't have any solutions that involve cuts. | |
| They don't have any solutions that involve accountability. | |
| Their only solutions are to throw resources at things. | |
| Just imagine managing your personal life this way. | |
| Imagine if every time you had a problem, the solution wasn't to try to generate more money or be more thoughtful with money. | |
| It was just, I'm just going to spend until the problem goes away. | |
| We would all be in crippling debt. | |
| And that's where we're at in the U.S. right now. | |
| Six in 10 Americans say the Biden inflation impacts their lives a lot. | |
| Who are the people who are not in this group? | |
| Your purchasing power is declining at a rapid rate because the inflation is outpacing any sort of wage growth or economic growth that we're seeing. | |
| The open border plays a role in this. | |
| The fact that we're going to be having so much money being sent back to other countries via remittances plays a role in this. | |
| All of these aren't just national security issues, but they're also issues that make it so that it is going to be more and more difficult to service our debt. | |
| Now, are we looking at a debt default anytime soon? | |
| I don't think so. | |
| I don't think that's coming up right now. | |
| But at this moment, at this moment, we are seeing Americans who are struggling. | |
| And in the meantime, Joe Biden is trying to take credit for some mythical deficit reduction of $1.7 trillion. | |
| This is fact-check false. | |
| And we have a story on this at Breitbart.com. | |
| Any reduction in the deficit is largely attributable to the reopening of the economy post-coronavirus. | |
| Sean Moran writes for us at Breitbart News. | |
| It has nothing to do with anything Biden's done. | |
| Biden is entirely incompetent on this stuff, but he's very willing to lie about it and maybe lie successfully enough to get all the media off his back while he readies the next trillion dollar spending package. | |
| So beware. | |
| That's today's show. | |
| Thanks to Charlie Kirk and his wonderful production team, giving me the platform, doing such a great job putting the shows together, making me look good. | |
| And for all of you who go to Breitbart.com, can't thank you enough for that. | |
| We'll talk to you next time. | |
| For more on many of these stories and news you can trust, go to CharlieKirk.com. | |