March 10, 2025 • 48 mins
THE WAR ROOM WITH STEPHEN K. BANNON, MARCH 10TH, 2025
GUESTS:
KEVIN POSOBIEC
NATALIE WINTERS
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Episode Transcript
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Speaker 1 (00:00):
Says, if it's in a CR, you've basically reconfirmed it
was appropriated.
Speaker 2 (00:04):
That means you have to go to court.
Speaker 1 (00:05):
And we just saw the courts the other day are
challenging President Trump on this very topic.
Speaker 3 (00:09):
Wait, yeah, they overturned his challenge of his his ban
on the two billion. Looks like a lot of legal
mess having going forward, Steve, but really good to have
you with us and and go take it away.
Speaker 2 (00:21):
My friend Eric Erica, we didn't have a fight. We
wouldn't be happy right now.
Speaker 3 (00:26):
But I do have a present. I do have a
present for you tomorrow. Make sure you're on because I
have I bring it. I hope you're wrong. I have
a present for I bring it to the set.
Speaker 2 (00:35):
I'm on.
Speaker 1 (00:36):
I wouldn't miss I wouldn't miss my handover from Eric Bowling.
All right, sir, thank you, brother, appreciate you. We're gonna
get into all of this, the CR, the funding, the markets.
Uh I told you, I've been telling you folks, Hey,
we're gonna go through some turbulence. There's some turbulence today
in the markets. They blame in a whole bunch of stuff.
We're gonna see what the how the mainstream media and
(00:56):
the financial press and the Business Channel has been covering
it in our cold open. Then I'm gonna come back
and break you down all for you. Let's go ahead
and play the cold open of the afternoon edition of
The Word.
Speaker 4 (01:08):
Steve Minuchin seemed to have a coalition with mister I
think Gary Cohne was in there as well, where they
could speak truth to Donald Trump and stave off cataclysmic
days like this for everyone who watched their retirement savings plunge,
(01:33):
for everyone whose livelihoods are tied to America's economy, which
is everyone. Does this speak to the weakness of the
current economic cabinet members?
Speaker 5 (01:46):
I think Howard Lutnik is I think the biggest cheerleader
Donald Trump could find during the cabinet meetings. He was
the one who heralded the accomplishments and of President Trump.
And when you look at Scott Bess and his Treasury secretary.
Just on Friday, when he was asked about on CNBC
about the strategy behind the tariffs being implemented and then
(02:06):
some tariffs being rescinded, he called it an organic decision
making process, effectively acknowledging that it's an hour by hour
day by day decision coming out of the White House.
And I think that that is also where I think
Kevin Hasset is such an interesting figure in all of this.
He was there during the first Trump administration. He was
the one who is at the forefront of negotiating NAP
to two point zero or the USNCA trade agreement, at
(02:29):
the direction of then President Trump. Fast forward six years later,
it's Trump, now president again, who is seeking to have
Kevin Hasseid, the man who negotiated USMCA, go out and
explain how the United States is getting ripped off by
Mexico and Canada under the very trade agreement that he
and Kevin Hassett negotiated six years ago. That is where
(02:52):
it's very difficult to try to explain exactly what the
goals are and the objectives are, because the individuals around
him are going out onto TV yet have struggled in
a way that is starkly different than even six seven
years ago during the first trade War, to explain what
the priorities in the mission is of the tariffs that
they are placing on these American companies from bringing in
(03:15):
these imports.
Speaker 4 (03:16):
I guess what I'm trying to understand is Is there
anyone in the cabinet who previously or prior to January twentieth,
advocated any of the policies they are now on TV
shows defending.
Speaker 5 (03:27):
I mean, Scott Bessen't, the Treasury Secretary, said that there
would be a much more tactical, precision type tariff policy
that would be implemented by this White House. And he
was somebody that was never a fan of tariffs, yet
President Trump selected him to be as Treasury Secretary. And
we have seen everything but a precision, tactical approach to tariffs,
and we have seen him, in response go out and
(03:49):
defend the across the board sweeping tariffs that the President
has directed him to an act.
Speaker 2 (03:58):
This is the primal scream of a dying regime.
Speaker 1 (04:03):
Pray for our enemies, because we're going to medieval on
these people.
Speaker 2 (04:08):
He's not got a free shot.
Speaker 1 (04:10):
All these networks lying about the people, the people have
had a belly full of it.
Speaker 2 (04:15):
I know you don't like hearing that. I know you
tried to do everything in the world to stop that,
but you're not going to stop it. It's going to happen.
Speaker 3 (04:20):
And where do people like that go to share the
big line?
Speaker 6 (04:23):
Mega media.
Speaker 3 (04:25):
I wish in my soul, I wish that any of
these people had a conscience.
Speaker 1 (04:30):
Ask yourself, what is my task and what is my purpose?
If that answer is to save my country, this country
will be saved.
Speaker 2 (04:40):
War Room.
Speaker 6 (04:41):
Here's your host, Stephen K.
Speaker 1 (04:43):
Ban. Okay, Monday, ten March, you're viler, twenty twenty five.
What happened today was a market meltdown. I think we
wiped off of the equity.
Speaker 2 (04:58):
Exchanges in the United States. One point, we fire tree
in dollars.
Speaker 1 (05:01):
Look, we say wiped off its markets go up, markets
go down. This was response they said to what they
feel as bad guidance comeing out of the White House
in the tariff situation. One day it's this, the next
day it is that. Does not a consistent message. You
saw MSNBC and the others. There are just an example.
We could have gone on for thirty minutes of how
Howard Lutnant never supported terriffs and now he's a tariff cheerleader,
(05:23):
how Scott Bessen's late to that, and how Peter Navar
is here one day in the out the next yesterday.
Speaker 2 (05:30):
You know, Howard Lutnik did say.
Speaker 1 (05:34):
It was on Meet the Press that he there was
no recession in the forecast. President Trump, I think earlier
on Maria bartu Roma her weekend show, had said, look,
if as a recession comes, the recession comes, let.
Speaker 2 (05:46):
Me just hit rewind for a second.
Speaker 1 (05:49):
Number one, the trade off, the hand off in the
transition on the economy, the Biden economy is far worse
then has been a represented.
Speaker 2 (06:02):
And how do we know that.
Speaker 1 (06:04):
The re set numbers and what happens when they put
numbers out for like any quarter first, second, third, or fourth.
You put the numbers out a couple of days after
the quarter ends and their preliminary numbers, it takes a
while five or six weeks, ten weeks actually get definitive numbers.
Those definitive numbers came out for the fourth quarter, which
(06:25):
ended the fourth quarter of the fiscal of the financial
year for all financials not the US government is December
thirty first, and they came out with the numbers and
they said, hey, look we got to reset labor. And
you've heard that before. We have to reset this. But
there's one number we have to reset and that number
is inflation. Instead of being two point two percent, it's
actually a tad higher. Oh, how high is it four
(06:47):
point two percent that rolls through the entire system. And
one of the reasons it's four point two percent in
those months, what else happened in those months? Number One,
we had the largest budget deficits every month historically in
the history of the country. I think right now we
almost have nine hundred billion to a tradion dollar deficit
(07:08):
for this year, setting records every month, and that shows
you we're having still this Canesian infusion, this Canesian stimulus
into the economy, and that's one of the things driving inflation.
Speaker 2 (07:21):
Also.
Speaker 1 (07:21):
Oh, by the way, we're having record trade deficits right now,
so that means we're buying much more than we're producing,
to the tunes of hundreds and hundreds and hundreds of
billions of dollars. Principally that's from China, right are the
Chinese Communist Party, which is controlled one hundred percent of
the Chinese economy, and the Chinese state owned industries. So
(07:42):
we're essentially financing our own demise because we're buying from
our We're purchasing you know, manufactured goods, the heartbeat of
any economy, from our greatest uh, from our you know,
from our greatest enemy, the existential threats.
Speaker 2 (08:00):
Trump's tariffs.
Speaker 1 (08:02):
Technically they have to do with fentanyl because that's one
of the emergency measures you do to do this. It
is the fentanyl crisis. That's a big one. But also
in addition, there is about there is this not just
theory the case. It's about the United States is being
ripped off by everybody's President Trump says Canada is one
(08:23):
of the worst. Canada is one of the worst. And
this is why President Trump keeps talking about reciprocal terriffs.
Reciprocity will start on the second of April. The markets
have finally kind of heard enough. They said, hey, we
hear you. We see the jobs report the other there
is pretty good. The White House still Scott Bessett, I
think did a very good job the economic New York
(08:46):
Economic Club the other day.
Speaker 2 (08:47):
But this has to be consistent. It has to be everything.
Speaker 1 (08:50):
What have I said from day one, every day President
Trump should be talking about the economy.
Speaker 2 (08:55):
This is where he's best. This is his wheelhouse.
Speaker 1 (08:58):
You have one of the smartest businessmen ever, right, that
is President United States. That's quite rare since most of
them are career politicians, or if not career politicians. People
have come in to politics late in life. This is
one that's this is an individual that never ran for
elective office before. Do we have the actual market Melton,
(09:18):
Let's go and play some clips on the market. Meltons
play right now. See the scale of this our return
in just a moment.
Speaker 7 (09:24):
It's another sell off on Wall Street. As you've just heard,
the SMP is now at its lowest level since September,
since September before the election. Fresh data today is not
helping quell recession fears, and the NASZAK is seeing the
biggest losses once again. It's down twelve percent from the
highs with today's three plus percent dropped.
Speaker 8 (09:41):
The last thing I'll say about Wall Street is that
Wall Street is a lagging indicator. What they're not freaking
out about. They're freaking out about the tariffs and the inconstancy,
and they're freaking out when Trump acknowledges that there's probably
recession coming. What they're freaking out about is the data
that shows that we are increased headed towards a thing
(10:02):
that we have not seen in America since the Carter administration.
A word, Charlie will know it really well. Von may
I was a little young for this, but stagflation inflation.
We have inflation. You have inflation marked on the march,
and while the economy is shrinking. That is a If
you thought inflation was bad for Joe Biden, stagflation is
(10:24):
twice as bad because you now you're seeing unemployment go up,
you're seeing growth slow, You're seeing the economy contract while
prices are rising. That is a political poison. And you
have very serious economists from starting with Larry Summers and
all the way on down who are looking up at
the horizon right now and saying it's not guaranteed we're
going to have it, but it's becoming increasingly likely, especially
(10:46):
if Trump continues down the path that he's continuing with
these policies.
Speaker 4 (10:50):
I mean, von, I'm not going to play any games
I've played in a million times. But Trump ran explicitly
onducing the economy on the price of eggs. He called
it the grocery, the jobs, the biggest paychecks, the brightest
economic future that the world has ever seen. These weren't
messages from when he was claiming he was the actual
victor in twenty twenty. These were messages from October of
(11:10):
last year. He ran on rapidly depleting inflation quickly, bringing
down prices, and reignited the explosive economic growth. Everything he's
done is the opposite of everything he promised. And I
know there's some debate on and off television about whether
the normal laws of politics applied to him. They may
or may not.
Speaker 9 (11:28):
I believe they do.
Speaker 4 (11:29):
They certainly they sure as hell apply to everyone who's
going to stand before voters in the midterms.
Speaker 1 (11:36):
Okay, this is this shows you MSNBC, if you watch
them or CNN, you would think Trump was handed a
roaring economy, as we said this show. For a long time,
we've had stagflation under Joe Biden. Remember all the jobs
that were created and then they got reset to the
millions of phony jobs they reported all the jobs that
(11:57):
were announced. Ever, that job creation all went to foreigners,
not even to American citizens. The Biden economy was a disaster.
This is why President Trump won. I strongly recommend, and
I've recommended this, that we now get totally organized, totally organized,
and start to make the case so the American people
(12:19):
can understand it of exactly what President Trump inherited and
what's the action plan. And that action plan falls into
three broad buckets. Number one is a supply side tax cut.
Supply side tax cut that will drive productivity right, will
drive the supply side of the equation, not the consumption side.
(12:40):
This will be I think our last chance to get
a supply side tax cut. That tax cut will be
the extension of the Trump tax cuts. And obviously I
got some issues with the upper bracket on that, but
I think that'll all be worked out in the one
beautiful bill. The second is the deconstruction of the Ministry
of State. In the massive deregulation that comes with that
unlocks the animal spirits and gets a higher growth rate
(13:03):
above the one point nine percent or two percent that
we have right now. This also goes with the supply
side tax cut to get that growth rate I don't know,
three three and a half percent, because then you get
more tax revenue with that all coming with that coming
in the other part is terras, which is a different
part of the economic model and drives eternal revenue or
major companies coming back and investing in the United States,
(13:27):
massive capital expenditure like Apple with five hundred billion dollars,
like a Taiwan semiconductor with one hundred billion dollars, and
four years in Arizona, like Honda Motives, like many many,
many others things.
Speaker 2 (13:38):
Is up to six or.
Speaker 1 (13:39):
Seven hundred billion dollars of direct investment in factory plant equipment.
Then you've got the overall financial picture which we're talking about.
Speaker 2 (13:48):
This about the CR. I'm not happy with the CR.
Speaker 1 (13:52):
I hate it, but I see it as an interim
step if people follow through on their commitments and promises.
And this is the White House, which I think we
can feel confident President Trump will. I have no no, no,
no faith at all that Mike Johnson will. Mike Johnson's
just lied and disassembled, shuffled around and got us in
(14:12):
this jam right now. And I'm not so sure seeing
coming out of the Senate whether this thing's going to pass.
Speaker 2 (14:16):
Well, you're gonna get.
Speaker 1 (14:16):
Enough votes to break cloture, and I think the Democrats
actually want to see President Trump's governments shut down.
Speaker 2 (14:24):
So we're in a jam.
Speaker 1 (14:25):
But there is an economic plan and they're executing on
the economic plan. To me, it has to be crystal clear,
diamond sharp on the messaging of it. Okay, short, commercial break,
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Speaker 2 (14:44):
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Speaker 1 (14:50):
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Speaker 2 (14:57):
Check it out today. Sure break.
Speaker 6 (15:00):
Confuse your host, Stephen K.
Speaker 10 (15:02):
Bath.
Speaker 2 (15:18):
Folks should know we got Kevin. That's my technical mistake.
Speaker 1 (15:21):
We've got Kevin Besobic down at the BLM Plaza for
folks that may have forgotten this.
Speaker 2 (15:27):
Right next to Saint joh on the other side of.
Speaker 1 (15:31):
Lafayette Square, right across from the White House, that beautiful park,
that little park with Blair House is kind of on
one side of it, you've got Saint John's Church where
the president always does the religious observance on the morning
of the inauguration. That go to their religious observance and
pray for the country and pray for the Republic and
pray for the president. Across the street from that is
(15:52):
the hay Adams Hotel. It's the former home of John Hayes,
who was John hay who the secretary at the age
I think I don't know twenty twenty one of President Lincoln.
He and the other secretary at the time, because all
secretaries were male secretaries at the time wrote probably the
(16:13):
most insightful or one of the most insightful eyewitnesses accounts
of Lincoln in the Civil War. Its absolutely braining if
you ever read a Bridge version of it. Later became
Secretary of State, a real power player. So that hotel
is one of his houses or stands where I guess house.
I think his house itself might have been. It was
a hotel first that got torn down, the beautiful hotel
(16:35):
that said day has been.
Speaker 2 (16:36):
There forever outside there.
Speaker 1 (16:39):
During BLM, the height of BLM, they spray painted.
Speaker 2 (16:44):
Saint John's Church. They defaced the church.
Speaker 1 (16:46):
The church they actually do I think malotov cocktails started
to burn one time. This is the one that President
Trump went out and did, held the Bible in front
of that. Milly and Espert went back and committed their
treason afterwards that they were going to work together to
make sure that they could basically hold down the president.
Those in Juna twenty twenty during the COVID and later
(17:08):
they you know, he was very upfront, Milly, that he
was gonna, you know, after the election was stolen, he
talked to the Chinese Comptist Party. It's why he should
be recalled to active duty. I knows that hasn't been
done yet, recalled the active duty court martialed for treason.
That plaza under the direction of President Trump, because the
federal government runs the Washington d C. It's being torn up.
(17:30):
Go now to Kevin Pasobic. Kevin Pasobic is Ken Besobic there?
Let's go to Kevin Basovac at BLM Plaza? Kevin, what
do you got for us?
Speaker 11 (17:41):
What's going on?
Speaker 5 (17:41):
Steve?
Speaker 10 (17:42):
And yes, you could see behind me. I have Saint
John's Church and I was just in there earlier. And
to what you were saying, it is a very historic church.
And there's even a few where Abraham Lincoln sat in
the back of the church during the Civil War, and
the historic hay.
Speaker 11 (17:56):
Adams as well.
Speaker 10 (17:57):
And what was once a historic plaza here is going
to be demolished. This is the former Black Lives Matter
Plaza now just sixteenth and Ice Street. But word on
the street literally is that it might be renamed into
the Liberty Plaza. Moving forward to come America's two hundred
and fiftieth this year in celebration. So we had some.
Speaker 11 (18:22):
Mixed reviews here and there.
Speaker 10 (18:24):
There's some people picking up stones from the work today,
and you know, some people are applauding this, and some
people are obviously protesting, not many anymore thanks to USAID.
Speaker 11 (18:37):
They don't have the funding to come out and protest.
Speaker 10 (18:39):
But here we are.
Speaker 1 (18:42):
Doge, Hey, Doge, you're doing your job. Hey Kevin, I
just want to stay right there. So folks, you look
down the street to your left, and that's Saint John's Church.
Speaker 2 (18:52):
Kevin is by.
Speaker 1 (18:53):
The by, I guess the sixteenth street side you're looking
down that right and back of Kevin all the way
down is is Lafayette Square and then to the right
of Kevin is where the Hey Adams would be. This
whole block, this historic block was kind of I guess.
They had yellow bricks and they had BLM and these
huge block letters. Uh they kind of they kind of
(19:16):
mock people, and particularly after they after they desecrated Saint
John's Church to make like a big deal about it.
Speaker 10 (19:23):
Kevin, Yeah, Steve, So they did, they sure did, and
uh so so far today you could see these these
these black pits here are from they're digging up the
posts first and they're going to come back.
Speaker 11 (19:37):
And this is everybody's reporting.
Speaker 10 (19:39):
There's a few things I want to point out this
is more than just painting over. They actually cut into
the in the street here and did a skim coat
of concrete across all of it.
Speaker 11 (19:48):
So they're gonna have to dig.
Speaker 10 (19:49):
All this up and redo the whole thing aside from
the posts. And not only that, but I was also
seeing that this is an actual evacuation route as well.
And you can see straight down for me as the
statue of Jackson on the horse and then the White House.
But this is an actual evacuation route. So we need
this cleared, we need these lanes opened, and it's it's it's,
(20:14):
it's it's time for it's time for just a regular
old street again. I personally don't think they should rename it,
but you know, we'll see, uh, because then you just
get everybody everything.
Speaker 2 (20:27):
What's that, yeah, Kevin.
Speaker 1 (20:29):
During during the height of the of the in June,
particularly of of of twenty twenty, I mean, DC was
really under siege there for a couple of weeks.
Speaker 2 (20:40):
This became the centerpiece of it. Right here.
Speaker 1 (20:42):
I cannot emphasize enough symbolically. This is the equivalent or
maybe even higher than taking the Kennedy Center then throwing
the bums out of the Kennedy Center and reprogramming that
to great art in American culture, in Americana and all that.
This right here, this goes to the heart of the
of the radical Marxist and neo Marxist that run Washington,
(21:04):
d C. Under the auspices of the NGOs in the
Democratic Party.
Speaker 10 (21:08):
Sir, it absolutely is. And I can tell you what, Steve.
I came down here earlier, and I witnessed. I was
in Philadelphia in twenty twenty myself around this time, and
of course Jack was down here. But listen, I couldn't
I couldn't be more thrilled about this. I mean, these people,
these cultural Marxists, they want to tear down any statue.
They took down the frank Rizzo statue in Philadelphia and
(21:29):
they said, anything you know that is oppressive to our
rebellion we need to take down.
Speaker 11 (21:36):
They wanted to take down so many statues.
Speaker 10 (21:38):
They defaced the Benjamin Franklin statue outside the Old Press
Building down here in d C. But one thing, you know,
they they addressed the das they said, d A. Larry Krasner,
we want you to not charge. We want you to
drop chargers against anybody that gets arrested during this rebellion
for our for our you.
Speaker 11 (21:58):
Know, for our success. And then and also the mayor.
Speaker 10 (22:00):
They want the mayor to step down whenever there's any
kind of riot or protesting, just so they could succeed.
Those were the demands in twenty twenty, and I witnessed
that in Kensington too, of all neighborhoods, and during the
rioting and the looting, I took my stimulus check from
Joe Biden whenever he gave us all that for COVID,
I said, I don't really want any of this. This
(22:21):
is going to mess up. This is messing everything up.
I mean, you're on top of the cr bill yourself
and everything coming out.
Speaker 11 (22:27):
But he gave us the stimulus checks. I turned around
and went to.
Speaker 10 (22:30):
The supermarket and bought all these energy drinks and gatorades
and I handed them out to the National Guard down there.
So I turned around and I did that today to
these boys down here. It was getting a little hot.
It's a nice spring day here, so I came. I
came and gave them all wa Wak coffee earlier this morning,
and you know, just to charity charity of my own funds.
(22:52):
I was trying to butter them up so I could
get on. I was trying to butter them up to
get on this kids there myself.
Speaker 2 (23:00):
But they said, no doubt. Hey, Kevin, Hey, I'm so shocked.
Speaker 1 (23:04):
A wild man walks up with a camera says I
want to give you a driver on your kid. No,
the answer is no, sir, Kevin Trump. President Trump has
wanted to do this for a while. Do we actually
know how this was effectuated? Do we actually know how
he told? Because people forget d C is totally under
control of Congress and essentially the White House. In fact,
one of the issues they have in the prison system
(23:26):
is that every crime in d C that's like a
violent crime or burt is a federal crime. There is
no there's local law enforcement, but since it's a federal district,
everything is a federal crime. Do you know, I know
Bowser and the people in d C, the Marxist radicals
are run it, are absolutely infuriated by this.
Speaker 2 (23:44):
Do we have any idea how it came down?
Speaker 10 (23:47):
Well, you know, I was talking to a few people.
I've been here all day and it seems to be
somewhat related to the CR bill.
Speaker 11 (23:56):
I want to say it some along the lines.
Speaker 10 (23:58):
Of resetting it to twenty twenty four measures and there
will be a billion dollars less for DC. So it
seems like Trump and Bounser might be working out a
deal towards, you know, giving Trump this. I don't know
if he even cares for it, but I mean, there's
some kind of deal happening here.
Speaker 1 (24:20):
Now this is gonna take, This is gonna take. How
long this is gonna take? What twenty thirty forty days?
A couple of months? What do you think?
Speaker 11 (24:28):
I talked to the guys this morning. They said about
two weeks.
Speaker 10 (24:31):
They said about two weeks, and I was seeing reports
online up.
Speaker 11 (24:35):
To six weeks. But as I said, it's a it's
a big job.
Speaker 10 (24:39):
And I have I have had experience working on Jackammer's
and skid steers, but you know, so this is more
than just paint on the ground. They actually cut up
the road, so they're gonna have to take all this out.
We're gonna have to redo the whole road and take
the posts out too. So at least a month and
we'll see, we'll see what happens. I mean, there's there
(25:00):
been any demonstrations yet. We were hoping to see maybe
some congressman or who knows who's gonna come by and
make a statement. Maybe, but nothing yet, But I take
coming week or so for sure, I'll talk. I'll talk.
I'll talk to Jack. If we're missing you tomorrow, I
know you're over there. You got a job with a
Jack camera, Kevin.
Speaker 1 (25:16):
What is your by the way, Kevin Pasobic known in
history as the man that named the Gulf of America?
Speaker 2 (25:24):
Where do people go for your for your social media? Sir?
Speaker 11 (25:29):
Sure thing.
Speaker 10 (25:29):
You can follow me on x Twitter Kevin Pasobic at
Kevin Pasobic and also on Instagram. Yeah, follow me on
their and Human Events Daily. We're war Room Posse family.
We love you guys, rab family. Yeah, it's great to
be down here. And uh yeah, well we'll stay tuned,
stay tuned.
Speaker 11 (25:48):
We'll see. I'll let you know if they get me
all the skids here, for sure, Steve, I.
Speaker 1 (25:53):
Will please let me know. Fantastic. Uh, thank you, brother,
Appreciate you.
Speaker 2 (25:59):
Kevin Pisov.
Speaker 1 (26:00):
And I'm hearing that Kevin's hit here in War Room
was even better on Human Events Daily.
Speaker 2 (26:07):
Well, that's obvious.
Speaker 1 (26:09):
There's a better interviewer who actually listens to his subjects
and doesn't.
Speaker 2 (26:13):
Talk over him.
Speaker 1 (26:15):
Maybe maybe not. Hey, Birch Gold, what a day on
Wall Street. It's gonna be turbulent. President Trump's trying to
implement a new business model kind of for the political economy.
Massive cuts the federal spending. Also using tariffs to drive
back high value at IT manufacturing jobs and drive external
(26:38):
revenue and stop fentanyl. The Mexicans have it. That got
the joke you heard Oscar Blue rameris this morning Bannon
at nine eight. Birch Gold the ultimate guy to investing
in gold in the era Trump. Check it out today,
short commercial break back in a moment, we really stay
(27:00):
and with what President Trump inherited. As you see the
economic battlefield in front of.
Speaker 12 (27:04):
Us, it feels like less a battlefield than a minefield. Frankly,
what President Trump has inherited. I mean, it is difficult
Steve to, I think, to get across to people just
how bad the economy is, because what the economy actually
looks like today and what people's lived experiences is just
simply not matching up with what the data say. There's
(27:27):
just too many problems again with the data. Going back
to what we were just talking about, right, there are
things wrong with the data themselves. And this, I think
is why President Trump won such a renowned, such a
great victory in November, right where you had him winning
the popular vote every swing state, a huge electoral majority.
(27:47):
It's because the media was not successful in telling people
don't believe you're lying eyes and don't believe your empty
wallet's everything's fine. So we are staring down the barrel
of more inflation courtesy of the FEDS interest rate cuts
last year and relatively loose monetary policy. Let's not forget
the monthly If we look at the monthly inflation reports,
(28:08):
the annual inflation rate that comes in every month that
has gotten worse each month since the FED started cutting
interest rates. So clearly we have more inflation coming down
the pike that the president will have to deal with.
We have all of the messes internationally that the President
is already dealing with, especially in places like the Ukraine.
We have a banking crisis which still really hasn't gone away.
(28:31):
The FED just papered over it with things like emergency
lending programs, but that is still very real. We have
a commercial real estate sector that is an absolute turmoil.
The housing market is a disaster. We just got pending
home sales numbers this morning that were down to a
record low. Pending home sales today are about thirty percent
(28:52):
below where they were in two thousand and one, not
twenty twenty one, two thousand and one. So here we
are essentially a century later and the housing market is
thirty percent less activity today than it did back then.
That's a disaster, even before you factor in things like
population growth for example. So again, what this president has
(29:13):
been handed is an absolute dumpster fire frankly of an economy.
Things are terrible. The deficit is exploding. It's the worst
start ever to a fiscal year in terms of that
deficit started in October ran through January, the worst four
months start ever to a fiscal year. And at the
same time, you have a Treasury Secretary in Scott Besson,
(29:36):
who is a master of sovereign debt markets, and he's
going to need, I think, every ounce of his mastery
and expertise to really unwind the disaster and the mess
that he was left by Janet Yellen. In terms of
rebalancing the Treasury's portfolio, in terms of trying to get
the yield down on the ten year Treasury note, trying
to get the interest payments down on the debt. Those
(29:57):
interest payments are already over one point two trillion dollars
a year. I mean, Steve, if you give me an hour,
I could fill it. I'm sure with all of the
negative aspects of this economy that President Trump has inherited
and that he's going to have to deal with.
Speaker 1 (30:15):
And on top the only one you missed, we had
the record trade down. Okay, okay, that's a masterclass right there.
It's our own EJ and Tony. That is a massclin
I do this. I watched this stuff for a living.
No one has done a better job that has from
ten days ago when they first recalculated the numbers. Normally
we have ej on about the labor statistics that go
(30:37):
through all day as a commis and spectacular.
Speaker 2 (30:40):
But they're asked him pull the.
Speaker 1 (30:41):
Camera back because why because the interest the interest rate
went from four the inflection excuse the inflation rate went
from two point two to four point two percent. Didn't
go from two point two to two point five or
two point six or two point eight four point two percent.
It's a dumpsterifire. We need the proper framing. If you
watch them as we see your CNN. It's all. It's
(31:02):
been great, it's been lovely, it's been fantastic. Trump took
up no. And this is the reason is you have
to set the framework so that then folks understand, here's
what we're doing, here's what we're doing to on this
for a supply site cut. This is why DOGE is
in trying to find waste for ourn abuse because we
(31:24):
cannot exist. It's six and a half percent deficits to GDP,
that's over two trillion dollars and can't you can't, you
can't go on, you can't finance it. The bricks nations
will all punch out and you're going to have a
you're gonna have the end of the dollar.
Speaker 2 (31:39):
Empire, and then we're really screwed.
Speaker 1 (31:42):
As much as we have to have a national debate
about that, you just can't do it overnight. It gets
to why you have to have massive cuts of federal
spending and they're going to be painful.
Speaker 2 (31:51):
People have to address that. We have to be able
to take the political pain.
Speaker 1 (31:55):
But you can do that by explaining the American people
and being straightforward with them. We're in the cr and
I understand this audience ain't happy. I know you're not
going to be happy. May have to take one for
the team here, and I know you're sitting there going, well, hey,
we've taken enough for the team. We fought for this,
we won this, and now we don't understand while we're
here right up to the fourteenth of March, when I
(32:16):
understand that in the fourteenth of December, you were promised
a single subject appropriations bills, Well, this is why. And
I just to the White House. Same House leadership keeps
tapping you along, and President Trump is a tweet out
right now. President Trump's making calls. So President Trump is
now forced, with everything he's got on his plate on
(32:39):
the economy and everything else, President Trump has now got
to whip the vote. That's where we are, and that's
because their congressmant out there saying, you know, President Trump,
we love you, we support your plan. But in the
big hang up, it's not Look, the Biden budget bad enough,
the two Treandell deficit horrible. But I think what sticks
(33:01):
in people's crows, as doge, is that, hey, these guys,
and yes, we understand they still have much work to do,
and they're they're going around, but hey, the rest of
you just heard Mike Ben's.
Speaker 2 (33:10):
And and and and uh and.
Speaker 1 (33:12):
Eric Bowling and Kevin Posobac from soon to be renamed
you know Liberty Plaza where BLM used to be talking
about USA defunding all this crap, and we know it
and now technically we're going to have to fund it
with a promise, and we understand it's commitment that you're
going to do a recision or a or an impowment
(33:32):
in the great Backbencher Congressman Burlison went on Twitter today
said he had actually, I think had a talk with
the White House. Said hey, they promised we're going to
do it. So I ain't happy, but I'm kind of
all in. Nobody's happy. Then you have a day like
you have today in the markets. The information's there, the
plan is the correct plan. People have thought this through.
They've run numbers always and everywhere. I told you the
(33:56):
execution here is going to be tough, and you're gonna
lose some sunshine patriots and summer soldiers. They're gonna be
it's gonna be too tough for a lot of people.
And this is why the night he won and they're
all coming back and loving on Trump and rubbing up
on Trump and then they get the inauguration all walking
around ball guys. You got these baionaires. They're having a
crypto ball and they're doing this. That's all fine.
Speaker 2 (34:16):
I love it.
Speaker 1 (34:16):
People celebrate, come together, yo, dude, and a one hundred days.
We're gonna be in some trenches, okay. And I want
to say who's in the trench next to me and
how we're going to force this program through because they're
going to happen the old fashioned way political muscle. It's
not gonna be behind you know, quiet conversations. This is
not an error where quiet conversations work. That type of
(34:38):
politics went away with the with the cloakroom and uh,
you know, three networks in a little teen black and
white box. When you know, Walter Cronkite told you what
you they thought you had to hear. Now you hear
what you're prepared to go here, right, it's all over,
It's out there. Natalie Winters, our White House correspondent, joins
(34:58):
us from the White House. Talk to me about tariffs.
Speaker 2 (35:00):
Man.
Speaker 1 (35:00):
That's one of the reasons one point five trillion dollars
wiped off the value of the stock market today. As
you know, markets go up and markets go down. But
this is part of this is blamed on the inconsistent
messaging around the tariffs or maybe people's commitment to this
new business model of what its impact is.
Speaker 13 (35:20):
Ma'am well, Steve, I think I would also add perhaps
the largest data point to that wonderful explanation by EJ. Antoni,
which is the resounding victory that President Trump had among
primarily America's working class, right, people who are sort of
new to the MAGA movement because of the unfortunate lived
reality of Joe Biden's economy, which I think we're learning
(35:42):
more and more every day was essentially propped up not
just by fake numbers, but by government contracts, by employment
for illegal aliens. Right in the same way that MSNBC
sort of I think chastised the Kamala Harris campaign for saying,
you guys lost on the economic issues because you tried
lying to the American peace by saying that their economic
reality it actually wasn't that bad. Just look at the data,
(36:04):
just look at the facts. I think the Trump administration
should almost heed that lesson and not I think fall
victim to the same I think messaging pitfalls.
Speaker 9 (36:11):
However, there is a bright spot today.
Speaker 13 (36:13):
A wonderful article coming out, believe it or not, from Reuters,
and if I were to say it to you, you
probably wouldn't believe me that it's actually them saying it.
So I'll just read you the quote talking about how
President Donald J. Trump's tariffs are already working as more
and more companies are looking at quote expanding their presence
or setting up shop in the United States.
Speaker 9 (36:31):
Like I said, that's a direct result of these tariffs.
Speaker 13 (36:33):
They go on to list several companies including Kompari, Kompol Electronics, Sity, Honda,
Hyundai and Ventech, LG Electronics, lvmh Samsung, Stilantis, Volkswagen, and Volvo.
Speaker 9 (36:47):
So a nice when in.
Speaker 13 (36:48):
Terms of restoring manufacturing, which I think, as you've always
sort of said, is maybe perhaps the first step in
re orienting the American economy to be more in line
with the America first sort of populist agenda stopping seating
all of our factories and manufacturing too are a mortal threat,
which is the Chinese Communist Party.
Speaker 1 (37:09):
You're there every day, and let me make an observation
that's far from a criticism, but I know there's this
complex he's doing executive orders.
Speaker 2 (37:16):
It's you know, there's days of thunder. He's doing ten
things a day.
Speaker 1 (37:21):
Do they have to get a little tighter with the
message the actions are there on the policies of the economy.
Remember I always told you that middle one about the
getting through this financial He's.
Speaker 2 (37:31):
Going to be the existential threat.
Speaker 1 (37:33):
Do you believe as you sit there every day at
the White House that maybe you could have as Caroline
goes up does a great job, maybe she's augmented by
somebody from Treasury. Maybe you know every other day they're
giving a detailed and particularly you bunch, these investments back
here are just they've they've never happened. I mean, Biden's
(37:53):
four years, I think they had one point seven trillion
dollars invested. Trump's done that in forty days. Do we
need more of Treasury over there helping the comps team?
Speaker 2 (38:03):
Do they need more part of a daily brief?
Speaker 1 (38:06):
If Caroline's going to do it, you hit ten minutes
on the economy, because clearly this is everything and what
galls may As you know, we've report on this stagflation
for years of Biden, and now it's like.
Speaker 2 (38:16):
A whole new concept. It's like a whole new thing.
Speaker 1 (38:18):
Trump's stagflation, which is a bald faced lie your thoughts
and observations, ma'am.
Speaker 13 (38:25):
Well, look, I think we're lucky to have such wonderful
communicators in the form of people like Scott Bessen and
of course doctor Peter Navarro, right, who's been on the show,
hosted the show. And I think if you were to
put people like that in front of the cameras, they
can I think explain it in the same way that EJ.
Speaker 9 (38:39):
And TONI was.
Speaker 13 (38:40):
But I also think that the issue is not so
much really on the I would say, supply side right
in terms of who we have to message, because you know,
as well as I do, as this audience does. Even
if we put up our best communicators, even if you
put EJ. And TONI right behind that podium, you think
my wonderful colleagues are going to you know, share that
message in the way that you or I are any way.
Speaker 9 (39:00):
That comports with the truth, right Obviously not so.
Speaker 13 (39:03):
I think in some ways, if you look at all
of this as you know, being interconnected, I think the
Comms office, the press team really has sort of done
to the best of their ability, right, they have taken
on the sort of legacy media establishment, and I think
one way that they can actually push back is through
these new media voices, right, who are more willing and
eager not to repeat their propaganda lines like Mother Jones
(39:24):
has told us, but just to report the facts. And frankly,
I think the most effective way to communicate with these
people is in their own vernacular, in their tone. I
think people should be pulling clips of the last four
years on MSNBC and CNN and Fox where they talked
about the bleak, dismal reality, the lived experience that was
Joe Biden's economy.
Speaker 9 (39:43):
Look, we have the upper hand here.
Speaker 13 (39:44):
If what we have to message is that Joe Biden's
economy sucked for millions of Americans, that's a really easy
messaging war to win.
Speaker 9 (39:53):
I think we just need to realize.
Speaker 13 (39:56):
That just because you say that we don't have the
luxury the benefit of the doubt that with the Washerns,
repeat that, all the tens not too far away from
me have because they control control of the legacy media outlets. Right,
we got to get a little scrappy, But I think
that's why the new media is here right to push back,
So that would be my again, very very humble suggestion.
Speaker 1 (40:18):
Natalie, hangover a second, because you have a big story
about Act Blue. I don't want to make sure we
get plenty of time to get to that Patriot mobile.
You know, we've gone out of our way because we
believe in it so much as Patriot Economy, looking for
alternative looking for alternative companies and spaces where you need
the products or the services. One is obviously telecommunication nine
(40:40):
seven to two Patriot. You know the good work they
do in the community of Terry County and Texas, how
they give to philanthropic But but you don't know it's
so easy to switch nine seven to two Patriot.
Speaker 2 (40:54):
Go check it out today short break back in a.
Speaker 6 (40:56):
Moment for really your host, Stephen k.
Speaker 1 (41:01):
Maam, okay, Natalie Winters Act Blue ma'am.
Speaker 13 (41:12):
Yes, Well, I think everyone in this audience knows that
Democrats are and always will be the party of open borders.
But when you follow the money, I think that conclusion
is only more clear. Obviously, Act Blue is sort of
the leading of financial firm institution that Democrat candidates and
packs use for their fundraising efforts. But what I found
just breaking today I think is quite concerning showing that
(41:34):
really the full scale invasion of this country, not just
under Joe Biden, but his predecessors too, has been facilitated.
Speaker 9 (41:41):
And funded by Act Blue.
Speaker 13 (41:43):
I was able to go on their website and look
at the dozens of organizations that they list as their
essentially financial partners, and really, from cradle to grave, from
start to finish, every single aspect of the invasion of
this country. And I use that word intentionally. Act Blue
somehow is involved. They're the financial intermediary for dozens. I'm
(42:05):
talking dozens, probably closer to one hundred.
Speaker 1 (42:10):
Hang on, hang on, hang on, hang on, slow down,
because my head's blown up already. Act Blue is one
of these things like they're supposed to just be to
help facilitate. A person sees is watching MSMEC as they're
free to do, and they see some person from Michigan
that's a congressman, and they're supposed to go on Act
(42:30):
Blue and give ten dollars and it very quickly can
go that congressman.
Speaker 2 (42:34):
It's supposed to.
Speaker 1 (42:34):
Be one of these intermediaries between donors, particularly small donors,
and people actually running for congress. I thought that was
their their task and purpose of which they're known for.
Speaker 2 (42:45):
Correct.
Speaker 13 (42:48):
Well, look, Steve, don't get me started on the smurfing, right,
the idea all these small dollar donations coming from the
mythical MSNBC viewer that I think is increasingly rare, if
not extinct. But setting that aside for a second, talking
about these NGOs, which I've essentially chronicled. You can go
to my ex account look at I think probably the
longest thread I've ever put out. But there are groups like,
(43:10):
for example, the Kino Border Initiative, or other groups like
Border Angels who set up catch this water stations along
the southern border along illegal aliens trekking from Mexico up
to the United States, setting up resources, like I said,
like water to help them make their journey to the
United States. Those groups use Act Blue for fundraising.
Speaker 9 (43:32):
Then once they.
Speaker 13 (43:32):
Actually get here, groups like Catholic charities and their Lutheran counterpart,
which this audience knows very well, not only do they
receive tens of millions of dollars in government grants, but
they're responsible for flying migrants from the border right into
the interior of the country. Then you have another sort
of tranche of NGOs that then are working in the
(43:53):
communities that these illegal aliens are flown.
Speaker 9 (43:55):
To to set them up.
Speaker 13 (43:57):
In some cases they even admit on their website getting
them enrolled in public assistance and government assistance programs. Also,
on the other side of it, you have NGOs that
are working on the legal side, providing pro bono legal representation,
not just for illegal aliens who are seeking citizenship or
green cards or whatever, but including illegal aliens who are
(44:17):
detained by ICE trying to avoid deportation. Then there's other
NGOs that activate rather currently are actively engaging in setting
up what they call either know your Rights campaigns or
ICE emergency response hotlines. So when you've heard these stories
about ICE agents getting docksed or legal aliens calling to
alert people of ICE in their neighborhood, Act Blue is
(44:40):
responsible for funding these organizations and then essentially on the
other side of it too, Right, all the activists, the organizations,
the protests, the mass phone calls, and the lobbying efforts
not just to change legislation but to intimidate ICE. Right,
those groups all also use ACT Blue. So what you're
seeing is maybe perhaps at best, just straight up fraud. Right,
(45:04):
It's kind of a weird convergence between the Democratic Party
and the Open Border's agenda, which, like I said, that's
not a conspiracy theory to anyone new to the.
Speaker 9 (45:11):
Show, or rather one of the show.
Speaker 13 (45:13):
But at worst, what you're seeing is that ax Blue
is facilitating in some cases outright, dare I say, human trafficking. Right,
you're talking about the mass movement of illegal aliens. We
know that that's a very shady, dark, dark dark business
and essentially the backbone right of this of the invasion
of this country from cradle to grave, from the NGOs
(45:35):
that are helping illegal aliens get here, to processing them,
to flying them, to providing them legal aid to become
citizens or avoid deportation. And if we have time, Steve,
I just want to read you how radical some of
these groups are.
Speaker 9 (45:47):
The Immigrant Home Foundation.
Speaker 1 (45:50):
Hang on, Natalie, I'm gonna hold you through. I'm gonna
hold you through the break here because I have a
lot of questions.
Speaker 2 (45:56):
This is so powerful. Your investigation here is just pretty shocking.
Go ahead and read, and then we're going to go
to break.
Speaker 9 (46:04):
Sure.
Speaker 13 (46:04):
So this group Freedom for Immigrants helps train Americans to
quote end detention, So that's abolish all ICE facilities in
their districts. The Immigrant Home Foundation explicitly advocates for criminal
illegal aliens to stay in the United States. Immigration Forward
is an NGO.
Speaker 9 (46:21):
That lobbies to keep HIV positive illegal aliens in the
United States.
Speaker 13 (46:26):
The quote Black Immigrant Collective states that their goal is
abolition of all detention centers and liberation for all black people.
You have the Immigrant Alliance for Justice and Equity of Minnesota,
which explicitly works to get illegal aliens on public assistance programs.
And perhaps my favorite, you have a group that describes
(46:48):
itself as a quote abolitionist organization that quote denounces white supremacy,
the patriarchy, and capitalism, and as quote pro black, pro brown,
pro indigenous, pro queer, pro trans, pro sex worker, pro worker,
pro woman and gender minorities, and pro earth. So these
are the kind of groups that Act Blue is entangled with.
And I know people might say, oh, well, it's just
(47:09):
a payment processor, but this will be my parting question
until we go to battleground. If the equivalent of wind
read to the Republican Party, right, the financial backbone of
the Democratic Party is fully endorsing, if not outright funding,
that which in effect turns into the full scale invasion
of this country. I mean, I think we can essentially
say case closed on the idea that the Democratic Party
(47:31):
is for the full scale invasion of the United States,
because that's what all these really really really radical groups,
they're explicit mission statements are, so you can only imagine
how much worse it actually is behind closed doors.
Speaker 1 (47:45):
Natalie Winners, you hang on for one second. We're going
to take a short commercial breakwo wn and go back
to the White House. You've got so much in this
second hour. We're going to take on Freed Zakara, his Zakaria,
his CEE, and n Special Estate.
Speaker 2 (47:59):
We're going to talk to Clear Pascal about the.
Speaker 1 (48:02):
Drudge mac Daddy over the weekend that says the Chinese
Commis Party has made the Caribbean a lake for the
Chinese Navy, and much much much more. We got so
much to go to We're gonna go back to Natalie
at the White House. Short commercial break. We're gonna leave
you with the right stuff back in the Worm for
the second hour of our late afternoon early evening show.
Speaker 2 (48:24):
In a moment
Says, if it's in a CR, you've basically reconfirmed it
was appropriated.
Speaker 2 (00:04):
That means you have to go to court.
Speaker 1 (00:05):
And we just saw the courts the other day are
challenging President Trump on this very topic.
Speaker 3 (00:09):
Wait, yeah, they overturned his challenge of his his ban
on the two billion. Looks like a lot of legal
mess having going forward, Steve, but really good to have
you with us and and go take it away.
Speaker 2 (00:21):
My friend Eric Erica, we didn't have a fight. We
wouldn't be happy right now.
Speaker 3 (00:26):
But I do have a present. I do have a
present for you tomorrow. Make sure you're on because I
have I bring it. I hope you're wrong. I have
a present for I bring it to the set.
Speaker 2 (00:35):
I'm on.
Speaker 1 (00:36):
I wouldn't miss I wouldn't miss my handover from Eric Bowling.
All right, sir, thank you, brother, appreciate you. We're gonna
get into all of this, the CR, the funding, the markets.
Uh I told you, I've been telling you folks, Hey,
we're gonna go through some turbulence. There's some turbulence today
in the markets. They blame in a whole bunch of stuff.
We're gonna see what the how the mainstream media and
(00:56):
the financial press and the Business Channel has been covering
it in our cold open. Then I'm gonna come back
and break you down all for you. Let's go ahead
and play the cold open of the afternoon edition of
The Word.
Speaker 4 (01:08):
Steve Minuchin seemed to have a coalition with mister I
think Gary Cohne was in there as well, where they
could speak truth to Donald Trump and stave off cataclysmic
days like this for everyone who watched their retirement savings plunge,
(01:33):
for everyone whose livelihoods are tied to America's economy, which
is everyone. Does this speak to the weakness of the
current economic cabinet members?
Speaker 5 (01:46):
I think Howard Lutnik is I think the biggest cheerleader
Donald Trump could find during the cabinet meetings. He was
the one who heralded the accomplishments and of President Trump.
And when you look at Scott Bess and his Treasury secretary.
Just on Friday, when he was asked about on CNBC
about the strategy behind the tariffs being implemented and then
(02:06):
some tariffs being rescinded, he called it an organic decision
making process, effectively acknowledging that it's an hour by hour
day by day decision coming out of the White House.
And I think that that is also where I think
Kevin Hasset is such an interesting figure in all of this.
He was there during the first Trump administration. He was
the one who is at the forefront of negotiating NAP
to two point zero or the USNCA trade agreement, at
(02:29):
the direction of then President Trump. Fast forward six years later,
it's Trump, now president again, who is seeking to have
Kevin Hasseid, the man who negotiated USMCA, go out and
explain how the United States is getting ripped off by
Mexico and Canada under the very trade agreement that he
and Kevin Hassett negotiated six years ago. That is where
(02:52):
it's very difficult to try to explain exactly what the
goals are and the objectives are, because the individuals around
him are going out onto TV yet have struggled in
a way that is starkly different than even six seven
years ago during the first trade War, to explain what
the priorities in the mission is of the tariffs that
they are placing on these American companies from bringing in
(03:15):
these imports.
Speaker 4 (03:16):
I guess what I'm trying to understand is Is there
anyone in the cabinet who previously or prior to January twentieth,
advocated any of the policies they are now on TV
shows defending.
Speaker 5 (03:27):
I mean, Scott Bessen't, the Treasury Secretary, said that there
would be a much more tactical, precision type tariff policy
that would be implemented by this White House. And he
was somebody that was never a fan of tariffs, yet
President Trump selected him to be as Treasury Secretary. And
we have seen everything but a precision, tactical approach to tariffs,
and we have seen him, in response go out and
(03:49):
defend the across the board sweeping tariffs that the President
has directed him to an act.
Speaker 2 (03:58):
This is the primal scream of a dying regime.
Speaker 1 (04:03):
Pray for our enemies, because we're going to medieval on
these people.
Speaker 2 (04:08):
He's not got a free shot.
Speaker 1 (04:10):
All these networks lying about the people, the people have
had a belly full of it.
Speaker 2 (04:15):
I know you don't like hearing that. I know you
tried to do everything in the world to stop that,
but you're not going to stop it. It's going to happen.
Speaker 3 (04:20):
And where do people like that go to share the
big line?
Speaker 6 (04:23):
Mega media.
Speaker 3 (04:25):
I wish in my soul, I wish that any of
these people had a conscience.
Speaker 1 (04:30):
Ask yourself, what is my task and what is my purpose?
If that answer is to save my country, this country
will be saved.
Speaker 2 (04:40):
War Room.
Speaker 6 (04:41):
Here's your host, Stephen K.
Speaker 1 (04:43):
Ban. Okay, Monday, ten March, you're viler, twenty twenty five.
What happened today was a market meltdown. I think we
wiped off of the equity.
Speaker 2 (04:58):
Exchanges in the United States. One point, we fire tree
in dollars.
Speaker 1 (05:01):
Look, we say wiped off its markets go up, markets
go down. This was response they said to what they
feel as bad guidance comeing out of the White House
in the tariff situation. One day it's this, the next
day it is that. Does not a consistent message. You
saw MSNBC and the others. There are just an example.
We could have gone on for thirty minutes of how
Howard Lutnant never supported terriffs and now he's a tariff cheerleader,
(05:23):
how Scott Bessen's late to that, and how Peter Navar
is here one day in the out the next yesterday.
Speaker 2 (05:30):
You know, Howard Lutnik did say.
Speaker 1 (05:34):
It was on Meet the Press that he there was
no recession in the forecast. President Trump, I think earlier
on Maria bartu Roma her weekend show, had said, look,
if as a recession comes, the recession comes, let.
Speaker 2 (05:46):
Me just hit rewind for a second.
Speaker 1 (05:49):
Number one, the trade off, the hand off in the
transition on the economy, the Biden economy is far worse
then has been a represented.
Speaker 2 (06:02):
And how do we know that.
Speaker 1 (06:04):
The re set numbers and what happens when they put
numbers out for like any quarter first, second, third, or fourth.
You put the numbers out a couple of days after
the quarter ends and their preliminary numbers, it takes a
while five or six weeks, ten weeks actually get definitive numbers.
Those definitive numbers came out for the fourth quarter, which
(06:25):
ended the fourth quarter of the fiscal of the financial
year for all financials not the US government is December
thirty first, and they came out with the numbers and
they said, hey, look we got to reset labor. And
you've heard that before. We have to reset this. But
there's one number we have to reset and that number
is inflation. Instead of being two point two percent, it's
actually a tad higher. Oh, how high is it four
(06:47):
point two percent that rolls through the entire system. And
one of the reasons it's four point two percent in
those months, what else happened in those months? Number One,
we had the largest budget deficits every month historically in
the history of the country. I think right now we
almost have nine hundred billion to a tradion dollar deficit
(07:08):
for this year, setting records every month, and that shows
you we're having still this Canesian infusion, this Canesian stimulus
into the economy, and that's one of the things driving inflation.
Speaker 2 (07:21):
Also.
Speaker 1 (07:21):
Oh, by the way, we're having record trade deficits right now,
so that means we're buying much more than we're producing,
to the tunes of hundreds and hundreds and hundreds of
billions of dollars. Principally that's from China, right are the
Chinese Communist Party, which is controlled one hundred percent of
the Chinese economy, and the Chinese state owned industries. So
(07:42):
we're essentially financing our own demise because we're buying from
our We're purchasing you know, manufactured goods, the heartbeat of
any economy, from our greatest uh, from our you know,
from our greatest enemy, the existential threats.
Speaker 2 (08:00):
Trump's tariffs.
Speaker 1 (08:02):
Technically they have to do with fentanyl because that's one
of the emergency measures you do to do this. It
is the fentanyl crisis. That's a big one. But also
in addition, there is about there is this not just
theory the case. It's about the United States is being
ripped off by everybody's President Trump says Canada is one
(08:23):
of the worst. Canada is one of the worst. And
this is why President Trump keeps talking about reciprocal terriffs.
Reciprocity will start on the second of April. The markets
have finally kind of heard enough. They said, hey, we
hear you. We see the jobs report the other there
is pretty good. The White House still Scott Bessett, I
think did a very good job the economic New York
(08:46):
Economic Club the other day.
Speaker 2 (08:47):
But this has to be consistent. It has to be everything.
Speaker 1 (08:50):
What have I said from day one, every day President
Trump should be talking about the economy.
Speaker 2 (08:55):
This is where he's best. This is his wheelhouse.
Speaker 1 (08:58):
You have one of the smartest businessmen ever, right, that
is President United States. That's quite rare since most of
them are career politicians, or if not career politicians. People
have come in to politics late in life. This is
one that's this is an individual that never ran for
elective office before. Do we have the actual market Melton,
(09:18):
Let's go and play some clips on the market. Meltons
play right now. See the scale of this our return
in just a moment.
Speaker 7 (09:24):
It's another sell off on Wall Street. As you've just heard,
the SMP is now at its lowest level since September,
since September before the election. Fresh data today is not
helping quell recession fears, and the NASZAK is seeing the
biggest losses once again. It's down twelve percent from the
highs with today's three plus percent dropped.
Speaker 8 (09:41):
The last thing I'll say about Wall Street is that
Wall Street is a lagging indicator. What they're not freaking
out about. They're freaking out about the tariffs and the inconstancy,
and they're freaking out when Trump acknowledges that there's probably
recession coming. What they're freaking out about is the data
that shows that we are increased headed towards a thing
(10:02):
that we have not seen in America since the Carter administration.
A word, Charlie will know it really well. Von may
I was a little young for this, but stagflation inflation.
We have inflation. You have inflation marked on the march,
and while the economy is shrinking. That is a If
you thought inflation was bad for Joe Biden, stagflation is
(10:24):
twice as bad because you now you're seeing unemployment go up,
you're seeing growth slow, You're seeing the economy contract while
prices are rising. That is a political poison. And you
have very serious economists from starting with Larry Summers and
all the way on down who are looking up at
the horizon right now and saying it's not guaranteed we're
going to have it, but it's becoming increasingly likely, especially
(10:46):
if Trump continues down the path that he's continuing with
these policies.
Speaker 4 (10:50):
I mean, von, I'm not going to play any games
I've played in a million times. But Trump ran explicitly
onducing the economy on the price of eggs. He called
it the grocery, the jobs, the biggest paychecks, the brightest
economic future that the world has ever seen. These weren't
messages from when he was claiming he was the actual
victor in twenty twenty. These were messages from October of
(11:10):
last year. He ran on rapidly depleting inflation quickly, bringing
down prices, and reignited the explosive economic growth. Everything he's
done is the opposite of everything he promised. And I
know there's some debate on and off television about whether
the normal laws of politics applied to him. They may
or may not.
Speaker 9 (11:28):
I believe they do.
Speaker 4 (11:29):
They certainly they sure as hell apply to everyone who's
going to stand before voters in the midterms.
Speaker 1 (11:36):
Okay, this is this shows you MSNBC, if you watch
them or CNN, you would think Trump was handed a
roaring economy, as we said this show. For a long time,
we've had stagflation under Joe Biden. Remember all the jobs
that were created and then they got reset to the
millions of phony jobs they reported all the jobs that
(11:57):
were announced. Ever, that job creation all went to foreigners,
not even to American citizens. The Biden economy was a disaster.
This is why President Trump won. I strongly recommend, and
I've recommended this, that we now get totally organized, totally organized,
and start to make the case so the American people
(12:19):
can understand it of exactly what President Trump inherited and
what's the action plan. And that action plan falls into
three broad buckets. Number one is a supply side tax cut.
Supply side tax cut that will drive productivity right, will
drive the supply side of the equation, not the consumption side.
(12:40):
This will be I think our last chance to get
a supply side tax cut. That tax cut will be
the extension of the Trump tax cuts. And obviously I
got some issues with the upper bracket on that, but
I think that'll all be worked out in the one
beautiful bill. The second is the deconstruction of the Ministry
of State. In the massive deregulation that comes with that
unlocks the animal spirits and gets a higher growth rate
(13:03):
above the one point nine percent or two percent that
we have right now. This also goes with the supply
side tax cut to get that growth rate I don't know,
three three and a half percent, because then you get
more tax revenue with that all coming with that coming
in the other part is terras, which is a different
part of the economic model and drives eternal revenue or
major companies coming back and investing in the United States,
(13:27):
massive capital expenditure like Apple with five hundred billion dollars,
like a Taiwan semiconductor with one hundred billion dollars, and
four years in Arizona, like Honda Motives, like many many,
many others things.
Speaker 2 (13:38):
Is up to six or.
Speaker 1 (13:39):
Seven hundred billion dollars of direct investment in factory plant equipment.
Then you've got the overall financial picture which we're talking about.
Speaker 2 (13:48):
This about the CR. I'm not happy with the CR.
Speaker 1 (13:52):
I hate it, but I see it as an interim
step if people follow through on their commitments and promises.
And this is the White House, which I think we
can feel confident President Trump will. I have no no, no,
no faith at all that Mike Johnson will. Mike Johnson's
just lied and disassembled, shuffled around and got us in
(14:12):
this jam right now. And I'm not so sure seeing
coming out of the Senate whether this thing's going to pass.
Speaker 2 (14:16):
Well, you're gonna get.
Speaker 1 (14:16):
Enough votes to break cloture, and I think the Democrats
actually want to see President Trump's governments shut down.
Speaker 2 (14:24):
So we're in a jam.
Speaker 1 (14:25):
But there is an economic plan and they're executing on
the economic plan. To me, it has to be crystal clear,
diamond sharp on the messaging of it. Okay, short, commercial break,
birch Co now more than ever, Now, more than ever.
I Toldal you're gonna get turbulent Gold.
Speaker 2 (14:44):
Is a Hedge Bannon text Bannon b A n N
nine eight nine eight.
Speaker 1 (14:50):
To get the the brochure Investing in Gold in the
Age of Trump, the Ultimate Guide.
Speaker 2 (14:57):
Check it out today. Sure break.
Speaker 6 (15:00):
Confuse your host, Stephen K.
Speaker 10 (15:02):
Bath.
Speaker 2 (15:18):
Folks should know we got Kevin. That's my technical mistake.
Speaker 1 (15:21):
We've got Kevin Besobic down at the BLM Plaza for
folks that may have forgotten this.
Speaker 2 (15:27):
Right next to Saint joh on the other side of.
Speaker 1 (15:31):
Lafayette Square, right across from the White House, that beautiful park,
that little park with Blair House is kind of on
one side of it, you've got Saint John's Church where
the president always does the religious observance on the morning
of the inauguration. That go to their religious observance and
pray for the country and pray for the Republic and
pray for the president. Across the street from that is
(15:52):
the hay Adams Hotel. It's the former home of John Hayes,
who was John hay who the secretary at the age
I think I don't know twenty twenty one of President Lincoln.
He and the other secretary at the time, because all
secretaries were male secretaries at the time wrote probably the
(16:13):
most insightful or one of the most insightful eyewitnesses accounts
of Lincoln in the Civil War. Its absolutely braining if
you ever read a Bridge version of it. Later became
Secretary of State, a real power player. So that hotel
is one of his houses or stands where I guess house.
I think his house itself might have been. It was
a hotel first that got torn down, the beautiful hotel
(16:35):
that said day has been.
Speaker 2 (16:36):
There forever outside there.
Speaker 1 (16:39):
During BLM, the height of BLM, they spray painted.
Speaker 2 (16:44):
Saint John's Church. They defaced the church.
Speaker 1 (16:46):
The church they actually do I think malotov cocktails started
to burn one time. This is the one that President
Trump went out and did, held the Bible in front
of that. Milly and Espert went back and committed their
treason afterwards that they were going to work together to
make sure that they could basically hold down the president.
Those in Juna twenty twenty during the COVID and later
(17:08):
they you know, he was very upfront, Milly, that he
was gonna, you know, after the election was stolen, he
talked to the Chinese Comptist Party. It's why he should
be recalled to active duty. I knows that hasn't been
done yet, recalled the active duty court martialed for treason.
That plaza under the direction of President Trump, because the
federal government runs the Washington d C. It's being torn up.
(17:30):
Go now to Kevin Pasobic. Kevin Pasobic is Ken Besobic there?
Let's go to Kevin Basovac at BLM Plaza? Kevin, what
do you got for us?
Speaker 11 (17:41):
What's going on?
Speaker 5 (17:41):
Steve?
Speaker 10 (17:42):
And yes, you could see behind me. I have Saint
John's Church and I was just in there earlier. And
to what you were saying, it is a very historic church.
And there's even a few where Abraham Lincoln sat in
the back of the church during the Civil War, and
the historic hay.
Speaker 11 (17:56):
Adams as well.
Speaker 10 (17:57):
And what was once a historic plaza here is going
to be demolished. This is the former Black Lives Matter
Plaza now just sixteenth and Ice Street. But word on
the street literally is that it might be renamed into
the Liberty Plaza. Moving forward to come America's two hundred
and fiftieth this year in celebration. So we had some.
Speaker 11 (18:22):
Mixed reviews here and there.
Speaker 10 (18:24):
There's some people picking up stones from the work today,
and you know, some people are applauding this, and some
people are obviously protesting, not many anymore thanks to USAID.
Speaker 11 (18:37):
They don't have the funding to come out and protest.
Speaker 10 (18:39):
But here we are.
Speaker 1 (18:42):
Doge, Hey, Doge, you're doing your job. Hey Kevin, I
just want to stay right there. So folks, you look
down the street to your left, and that's Saint John's Church.
Speaker 2 (18:52):
Kevin is by.
Speaker 1 (18:53):
The by, I guess the sixteenth street side you're looking
down that right and back of Kevin all the way
down is is Lafayette Square and then to the right
of Kevin is where the Hey Adams would be. This
whole block, this historic block was kind of I guess.
They had yellow bricks and they had BLM and these
huge block letters. Uh they kind of they kind of
(19:16):
mock people, and particularly after they after they desecrated Saint
John's Church to make like a big deal about it.
Speaker 10 (19:23):
Kevin, Yeah, Steve, So they did, they sure did, and
uh so so far today you could see these these
these black pits here are from they're digging up the
posts first and they're going to come back.
Speaker 11 (19:37):
And this is everybody's reporting.
Speaker 10 (19:39):
There's a few things I want to point out this
is more than just painting over. They actually cut into
the in the street here and did a skim coat
of concrete across all of it.
Speaker 11 (19:48):
So they're gonna have to dig.
Speaker 10 (19:49):
All this up and redo the whole thing aside from
the posts. And not only that, but I was also
seeing that this is an actual evacuation route as well.
And you can see straight down for me as the
statue of Jackson on the horse and then the White House.
But this is an actual evacuation route. So we need
this cleared, we need these lanes opened, and it's it's it's,
(20:14):
it's it's time for it's time for just a regular
old street again. I personally don't think they should rename it,
but you know, we'll see, uh, because then you just
get everybody everything.
Speaker 2 (20:27):
What's that, yeah, Kevin.
Speaker 1 (20:29):
During during the height of the of the in June,
particularly of of of twenty twenty, I mean, DC was
really under siege there for a couple of weeks.
Speaker 2 (20:40):
This became the centerpiece of it. Right here.
Speaker 1 (20:42):
I cannot emphasize enough symbolically. This is the equivalent or
maybe even higher than taking the Kennedy Center then throwing
the bums out of the Kennedy Center and reprogramming that
to great art in American culture, in Americana and all that.
This right here, this goes to the heart of the
of the radical Marxist and neo Marxist that run Washington,
(21:04):
d C. Under the auspices of the NGOs in the
Democratic Party.
Speaker 10 (21:08):
Sir, it absolutely is. And I can tell you what, Steve.
I came down here earlier, and I witnessed. I was
in Philadelphia in twenty twenty myself around this time, and
of course Jack was down here. But listen, I couldn't
I couldn't be more thrilled about this. I mean, these people,
these cultural Marxists, they want to tear down any statue.
They took down the frank Rizzo statue in Philadelphia and
(21:29):
they said, anything you know that is oppressive to our
rebellion we need to take down.
Speaker 11 (21:36):
They wanted to take down so many statues.
Speaker 10 (21:38):
They defaced the Benjamin Franklin statue outside the Old Press
Building down here in d C. But one thing, you know,
they they addressed the das they said, d A. Larry Krasner,
we want you to not charge. We want you to
drop chargers against anybody that gets arrested during this rebellion
for our for our you.
Speaker 11 (21:58):
Know, for our success. And then and also the mayor.
Speaker 10 (22:00):
They want the mayor to step down whenever there's any
kind of riot or protesting, just so they could succeed.
Those were the demands in twenty twenty, and I witnessed
that in Kensington too, of all neighborhoods, and during the
rioting and the looting, I took my stimulus check from
Joe Biden whenever he gave us all that for COVID,
I said, I don't really want any of this. This
(22:21):
is going to mess up. This is messing everything up.
I mean, you're on top of the cr bill yourself
and everything coming out.
Speaker 11 (22:27):
But he gave us the stimulus checks. I turned around
and went to.
Speaker 10 (22:30):
The supermarket and bought all these energy drinks and gatorades
and I handed them out to the National Guard down there.
So I turned around and I did that today to
these boys down here. It was getting a little hot.
It's a nice spring day here, so I came. I
came and gave them all wa Wak coffee earlier this morning,
and you know, just to charity charity of my own funds.
(22:52):
I was trying to butter them up so I could
get on. I was trying to butter them up to
get on this kids there myself.
Speaker 2 (23:00):
But they said, no doubt. Hey, Kevin, Hey, I'm so shocked.
Speaker 1 (23:04):
A wild man walks up with a camera says I
want to give you a driver on your kid. No,
the answer is no, sir, Kevin Trump. President Trump has
wanted to do this for a while. Do we actually
know how this was effectuated? Do we actually know how
he told? Because people forget d C is totally under
control of Congress and essentially the White House. In fact,
one of the issues they have in the prison system
(23:26):
is that every crime in d C that's like a
violent crime or burt is a federal crime. There is
no there's local law enforcement, but since it's a federal district,
everything is a federal crime. Do you know, I know
Bowser and the people in d C, the Marxist radicals
are run it, are absolutely infuriated by this.
Speaker 2 (23:44):
Do we have any idea how it came down?
Speaker 10 (23:47):
Well, you know, I was talking to a few people.
I've been here all day and it seems to be
somewhat related to the CR bill.
Speaker 11 (23:56):
I want to say it some along the lines.
Speaker 10 (23:58):
Of resetting it to twenty twenty four measures and there
will be a billion dollars less for DC. So it
seems like Trump and Bounser might be working out a
deal towards, you know, giving Trump this. I don't know
if he even cares for it, but I mean, there's
some kind of deal happening here.
Speaker 1 (24:20):
Now this is gonna take, This is gonna take. How
long this is gonna take? What twenty thirty forty days?
A couple of months? What do you think?
Speaker 11 (24:28):
I talked to the guys this morning. They said about
two weeks.
Speaker 10 (24:31):
They said about two weeks, and I was seeing reports
online up.
Speaker 11 (24:35):
To six weeks. But as I said, it's a it's
a big job.
Speaker 10 (24:39):
And I have I have had experience working on Jackammer's
and skid steers, but you know, so this is more
than just paint on the ground. They actually cut up
the road, so they're gonna have to take all this out.
We're gonna have to redo the whole road and take
the posts out too. So at least a month and
we'll see, we'll see what happens. I mean, there's there
(25:00):
been any demonstrations yet. We were hoping to see maybe
some congressman or who knows who's gonna come by and
make a statement. Maybe, but nothing yet, But I take
coming week or so for sure, I'll talk. I'll talk.
I'll talk to Jack. If we're missing you tomorrow, I
know you're over there. You got a job with a
Jack camera, Kevin.
Speaker 1 (25:16):
What is your by the way, Kevin Pasobic known in
history as the man that named the Gulf of America?
Speaker 2 (25:24):
Where do people go for your for your social media? Sir?
Speaker 11 (25:29):
Sure thing.
Speaker 10 (25:29):
You can follow me on x Twitter Kevin Pasobic at
Kevin Pasobic and also on Instagram. Yeah, follow me on
their and Human Events Daily. We're war Room Posse family.
We love you guys, rab family. Yeah, it's great to
be down here. And uh yeah, well we'll stay tuned,
stay tuned.
Speaker 11 (25:48):
We'll see. I'll let you know if they get me
all the skids here, for sure, Steve, I.
Speaker 1 (25:53):
Will please let me know. Fantastic. Uh, thank you, brother,
Appreciate you.
Speaker 2 (25:59):
Kevin Pisov.
Speaker 1 (26:00):
And I'm hearing that Kevin's hit here in War Room
was even better on Human Events Daily.
Speaker 2 (26:07):
Well, that's obvious.
Speaker 1 (26:09):
There's a better interviewer who actually listens to his subjects
and doesn't.
Speaker 2 (26:13):
Talk over him.
Speaker 1 (26:15):
Maybe maybe not. Hey, Birch Gold, what a day on
Wall Street. It's gonna be turbulent. President Trump's trying to
implement a new business model kind of for the political economy.
Massive cuts the federal spending. Also using tariffs to drive
back high value at IT manufacturing jobs and drive external
(26:38):
revenue and stop fentanyl. The Mexicans have it. That got
the joke you heard Oscar Blue rameris this morning Bannon
at nine eight. Birch Gold the ultimate guy to investing
in gold in the era Trump. Check it out today,
short commercial break back in a moment, we really stay
(27:00):
and with what President Trump inherited. As you see the
economic battlefield in front of.
Speaker 12 (27:04):
Us, it feels like less a battlefield than a minefield. Frankly,
what President Trump has inherited. I mean, it is difficult
Steve to, I think, to get across to people just
how bad the economy is, because what the economy actually
looks like today and what people's lived experiences is just
simply not matching up with what the data say. There's
(27:27):
just too many problems again with the data. Going back
to what we were just talking about, right, there are
things wrong with the data themselves. And this, I think
is why President Trump won such a renowned, such a
great victory in November, right where you had him winning
the popular vote every swing state, a huge electoral majority.
(27:47):
It's because the media was not successful in telling people
don't believe you're lying eyes and don't believe your empty
wallet's everything's fine. So we are staring down the barrel
of more inflation courtesy of the FEDS interest rate cuts
last year and relatively loose monetary policy. Let's not forget
the monthly If we look at the monthly inflation reports,
(28:08):
the annual inflation rate that comes in every month that
has gotten worse each month since the FED started cutting
interest rates. So clearly we have more inflation coming down
the pike that the president will have to deal with.
We have all of the messes internationally that the President
is already dealing with, especially in places like the Ukraine.
We have a banking crisis which still really hasn't gone away.
(28:31):
The FED just papered over it with things like emergency
lending programs, but that is still very real. We have
a commercial real estate sector that is an absolute turmoil.
The housing market is a disaster. We just got pending
home sales numbers this morning that were down to a
record low. Pending home sales today are about thirty percent
(28:52):
below where they were in two thousand and one, not
twenty twenty one, two thousand and one. So here we
are essentially a century later and the housing market is
thirty percent less activity today than it did back then.
That's a disaster, even before you factor in things like
population growth for example. So again, what this president has
(29:13):
been handed is an absolute dumpster fire frankly of an economy.
Things are terrible. The deficit is exploding. It's the worst
start ever to a fiscal year in terms of that
deficit started in October ran through January, the worst four
months start ever to a fiscal year. And at the
same time, you have a Treasury Secretary in Scott Besson,
(29:36):
who is a master of sovereign debt markets, and he's
going to need, I think, every ounce of his mastery
and expertise to really unwind the disaster and the mess
that he was left by Janet Yellen. In terms of
rebalancing the Treasury's portfolio, in terms of trying to get
the yield down on the ten year Treasury note, trying
to get the interest payments down on the debt. Those
(29:57):
interest payments are already over one point two trillion dollars
a year. I mean, Steve, if you give me an hour,
I could fill it. I'm sure with all of the
negative aspects of this economy that President Trump has inherited
and that he's going to have to deal with.
Speaker 1 (30:15):
And on top the only one you missed, we had
the record trade down. Okay, okay, that's a masterclass right there.
It's our own EJ and Tony. That is a massclin
I do this. I watched this stuff for a living.
No one has done a better job that has from
ten days ago when they first recalculated the numbers. Normally
we have ej on about the labor statistics that go
(30:37):
through all day as a commis and spectacular.
Speaker 2 (30:40):
But they're asked him pull the.
Speaker 1 (30:41):
Camera back because why because the interest the interest rate
went from four the inflection excuse the inflation rate went
from two point two to four point two percent. Didn't
go from two point two to two point five or
two point six or two point eight four point two percent.
It's a dumpsterifire. We need the proper framing. If you
watch them as we see your CNN. It's all. It's
(31:02):
been great, it's been lovely, it's been fantastic. Trump took
up no. And this is the reason is you have
to set the framework so that then folks understand, here's
what we're doing, here's what we're doing to on this
for a supply site cut. This is why DOGE is
in trying to find waste for ourn abuse because we
(31:24):
cannot exist. It's six and a half percent deficits to GDP,
that's over two trillion dollars and can't you can't, you
can't go on, you can't finance it. The bricks nations
will all punch out and you're going to have a
you're gonna have the end of the dollar.
Speaker 2 (31:39):
Empire, and then we're really screwed.
Speaker 1 (31:42):
As much as we have to have a national debate
about that, you just can't do it overnight. It gets
to why you have to have massive cuts of federal
spending and they're going to be painful.
Speaker 2 (31:51):
People have to address that. We have to be able
to take the political pain.
Speaker 1 (31:55):
But you can do that by explaining the American people
and being straightforward with them. We're in the cr and
I understand this audience ain't happy. I know you're not
going to be happy. May have to take one for
the team here, and I know you're sitting there going, well, hey,
we've taken enough for the team. We fought for this,
we won this, and now we don't understand while we're
here right up to the fourteenth of March, when I
(32:16):
understand that in the fourteenth of December, you were promised
a single subject appropriations bills, Well, this is why. And
I just to the White House. Same House leadership keeps
tapping you along, and President Trump is a tweet out
right now. President Trump's making calls. So President Trump is
now forced, with everything he's got on his plate on
(32:39):
the economy and everything else, President Trump has now got
to whip the vote. That's where we are, and that's
because their congressmant out there saying, you know, President Trump,
we love you, we support your plan. But in the
big hang up, it's not Look, the Biden budget bad enough,
the two Treandell deficit horrible. But I think what sticks
(33:01):
in people's crows, as doge, is that, hey, these guys,
and yes, we understand they still have much work to do,
and they're they're going around, but hey, the rest of
you just heard Mike Ben's.
Speaker 2 (33:10):
And and and and uh and.
Speaker 1 (33:12):
Eric Bowling and Kevin Posobac from soon to be renamed
you know Liberty Plaza where BLM used to be talking
about USA defunding all this crap, and we know it
and now technically we're going to have to fund it
with a promise, and we understand it's commitment that you're
going to do a recision or a or an impowment
(33:32):
in the great Backbencher Congressman Burlison went on Twitter today
said he had actually, I think had a talk with
the White House. Said hey, they promised we're going to
do it. So I ain't happy, but I'm kind of
all in. Nobody's happy. Then you have a day like
you have today in the markets. The information's there, the
plan is the correct plan. People have thought this through.
They've run numbers always and everywhere. I told you the
(33:56):
execution here is going to be tough, and you're gonna
lose some sunshine patriots and summer soldiers. They're gonna be
it's gonna be too tough for a lot of people.
And this is why the night he won and they're
all coming back and loving on Trump and rubbing up
on Trump and then they get the inauguration all walking
around ball guys. You got these baionaires. They're having a
crypto ball and they're doing this. That's all fine.
Speaker 2 (34:16):
I love it.
Speaker 1 (34:16):
People celebrate, come together, yo, dude, and a one hundred days.
We're gonna be in some trenches, okay. And I want
to say who's in the trench next to me and
how we're going to force this program through because they're
going to happen the old fashioned way political muscle. It's
not gonna be behind you know, quiet conversations. This is
not an error where quiet conversations work. That type of
(34:38):
politics went away with the with the cloakroom and uh,
you know, three networks in a little teen black and
white box. When you know, Walter Cronkite told you what
you they thought you had to hear. Now you hear
what you're prepared to go here, right, it's all over,
It's out there. Natalie Winters, our White House correspondent, joins
(34:58):
us from the White House. Talk to me about tariffs.
Speaker 2 (35:00):
Man.
Speaker 1 (35:00):
That's one of the reasons one point five trillion dollars
wiped off the value of the stock market today. As
you know, markets go up and markets go down. But
this is part of this is blamed on the inconsistent
messaging around the tariffs or maybe people's commitment to this
new business model of what its impact is.
Speaker 13 (35:20):
Ma'am well, Steve, I think I would also add perhaps
the largest data point to that wonderful explanation by EJ. Antoni,
which is the resounding victory that President Trump had among
primarily America's working class, right, people who are sort of
new to the MAGA movement because of the unfortunate lived
reality of Joe Biden's economy, which I think we're learning
(35:42):
more and more every day was essentially propped up not
just by fake numbers, but by government contracts, by employment
for illegal aliens. Right in the same way that MSNBC
sort of I think chastised the Kamala Harris campaign for saying,
you guys lost on the economic issues because you tried
lying to the American peace by saying that their economic
reality it actually wasn't that bad. Just look at the data,
(36:04):
just look at the facts. I think the Trump administration
should almost heed that lesson and not I think fall
victim to the same I think messaging pitfalls.
Speaker 9 (36:11):
However, there is a bright spot today.
Speaker 13 (36:13):
A wonderful article coming out, believe it or not, from Reuters,
and if I were to say it to you, you
probably wouldn't believe me that it's actually them saying it.
So I'll just read you the quote talking about how
President Donald J. Trump's tariffs are already working as more
and more companies are looking at quote expanding their presence
or setting up shop in the United States.
Speaker 9 (36:31):
Like I said, that's a direct result of these tariffs.
Speaker 13 (36:33):
They go on to list several companies including Kompari, Kompol Electronics, Sity, Honda,
Hyundai and Ventech, LG Electronics, lvmh Samsung, Stilantis, Volkswagen, and Volvo.
Speaker 9 (36:47):
So a nice when in.
Speaker 13 (36:48):
Terms of restoring manufacturing, which I think, as you've always
sort of said, is maybe perhaps the first step in
re orienting the American economy to be more in line
with the America first sort of populist agenda stopping seating
all of our factories and manufacturing too are a mortal threat,
which is the Chinese Communist Party.
Speaker 1 (37:09):
You're there every day, and let me make an observation
that's far from a criticism, but I know there's this
complex he's doing executive orders.
Speaker 2 (37:16):
It's you know, there's days of thunder. He's doing ten
things a day.
Speaker 1 (37:21):
Do they have to get a little tighter with the
message the actions are there on the policies of the economy.
Remember I always told you that middle one about the
getting through this financial He's.
Speaker 2 (37:31):
Going to be the existential threat.
Speaker 1 (37:33):
Do you believe as you sit there every day at
the White House that maybe you could have as Caroline
goes up does a great job, maybe she's augmented by
somebody from Treasury. Maybe you know every other day they're
giving a detailed and particularly you bunch, these investments back
here are just they've they've never happened. I mean, Biden's
(37:53):
four years, I think they had one point seven trillion
dollars invested. Trump's done that in forty days. Do we
need more of Treasury over there helping the comps team?
Speaker 2 (38:03):
Do they need more part of a daily brief?
Speaker 1 (38:06):
If Caroline's going to do it, you hit ten minutes
on the economy, because clearly this is everything and what
galls may As you know, we've report on this stagflation
for years of Biden, and now it's like.
Speaker 2 (38:16):
A whole new concept. It's like a whole new thing.
Speaker 1 (38:18):
Trump's stagflation, which is a bald faced lie your thoughts
and observations, ma'am.
Speaker 13 (38:25):
Well, look, I think we're lucky to have such wonderful
communicators in the form of people like Scott Bessen and
of course doctor Peter Navarro, right, who's been on the show,
hosted the show. And I think if you were to
put people like that in front of the cameras, they
can I think explain it in the same way that EJ.
Speaker 9 (38:39):
And TONI was.
Speaker 13 (38:40):
But I also think that the issue is not so
much really on the I would say, supply side right
in terms of who we have to message, because you know,
as well as I do, as this audience does. Even
if we put up our best communicators, even if you
put EJ. And TONI right behind that podium, you think
my wonderful colleagues are going to you know, share that
message in the way that you or I are any way.
Speaker 9 (39:00):
That comports with the truth, right Obviously not so.
Speaker 13 (39:03):
I think in some ways, if you look at all
of this as you know, being interconnected, I think the
Comms office, the press team really has sort of done
to the best of their ability, right, they have taken
on the sort of legacy media establishment, and I think
one way that they can actually push back is through
these new media voices, right, who are more willing and
eager not to repeat their propaganda lines like Mother Jones
(39:24):
has told us, but just to report the facts. And frankly,
I think the most effective way to communicate with these
people is in their own vernacular, in their tone. I
think people should be pulling clips of the last four
years on MSNBC and CNN and Fox where they talked
about the bleak, dismal reality, the lived experience that was
Joe Biden's economy.
Speaker 9 (39:43):
Look, we have the upper hand here.
Speaker 13 (39:44):
If what we have to message is that Joe Biden's
economy sucked for millions of Americans, that's a really easy
messaging war to win.
Speaker 9 (39:53):
I think we just need to realize.
Speaker 13 (39:56):
That just because you say that we don't have the
luxury the benefit of the doubt that with the Washerns,
repeat that, all the tens not too far away from
me have because they control control of the legacy media outlets. Right,
we got to get a little scrappy, But I think
that's why the new media is here right to push back,
So that would be my again, very very humble suggestion.
Speaker 1 (40:18):
Natalie, hangover a second, because you have a big story
about Act Blue. I don't want to make sure we
get plenty of time to get to that Patriot mobile.
You know, we've gone out of our way because we
believe in it so much as Patriot Economy, looking for
alternative looking for alternative companies and spaces where you need
the products or the services. One is obviously telecommunication nine
(40:40):
seven to two Patriot. You know the good work they
do in the community of Terry County and Texas, how
they give to philanthropic But but you don't know it's
so easy to switch nine seven to two Patriot.
Speaker 2 (40:54):
Go check it out today short break back in a.
Speaker 6 (40:56):
Moment for really your host, Stephen k.
Speaker 1 (41:01):
Maam, okay, Natalie Winters Act Blue ma'am.
Speaker 13 (41:12):
Yes, Well, I think everyone in this audience knows that
Democrats are and always will be the party of open borders.
But when you follow the money, I think that conclusion
is only more clear. Obviously, Act Blue is sort of
the leading of financial firm institution that Democrat candidates and
packs use for their fundraising efforts. But what I found
just breaking today I think is quite concerning showing that
(41:34):
really the full scale invasion of this country, not just
under Joe Biden, but his predecessors too, has been facilitated.
Speaker 9 (41:41):
And funded by Act Blue.
Speaker 13 (41:43):
I was able to go on their website and look
at the dozens of organizations that they list as their
essentially financial partners, and really, from cradle to grave, from
start to finish, every single aspect of the invasion of
this country. And I use that word intentionally. Act Blue
somehow is involved. They're the financial intermediary for dozens. I'm
(42:05):
talking dozens, probably closer to one hundred.
Speaker 1 (42:10):
Hang on, hang on, hang on, hang on, slow down,
because my head's blown up already. Act Blue is one
of these things like they're supposed to just be to
help facilitate. A person sees is watching MSMEC as they're
free to do, and they see some person from Michigan
that's a congressman, and they're supposed to go on Act
(42:30):
Blue and give ten dollars and it very quickly can
go that congressman.
Speaker 2 (42:34):
It's supposed to.
Speaker 1 (42:34):
Be one of these intermediaries between donors, particularly small donors,
and people actually running for congress. I thought that was
their their task and purpose of which they're known for.
Speaker 2 (42:45):
Correct.
Speaker 13 (42:48):
Well, look, Steve, don't get me started on the smurfing, right,
the idea all these small dollar donations coming from the
mythical MSNBC viewer that I think is increasingly rare, if
not extinct. But setting that aside for a second, talking
about these NGOs, which I've essentially chronicled. You can go
to my ex account look at I think probably the
longest thread I've ever put out. But there are groups like,
(43:10):
for example, the Kino Border Initiative, or other groups like
Border Angels who set up catch this water stations along
the southern border along illegal aliens trekking from Mexico up
to the United States, setting up resources, like I said,
like water to help them make their journey to the
United States. Those groups use Act Blue for fundraising.
Speaker 9 (43:32):
Then once they.
Speaker 13 (43:32):
Actually get here, groups like Catholic charities and their Lutheran counterpart,
which this audience knows very well, not only do they
receive tens of millions of dollars in government grants, but
they're responsible for flying migrants from the border right into
the interior of the country. Then you have another sort
of tranche of NGOs that then are working in the
(43:53):
communities that these illegal aliens are flown.
Speaker 9 (43:55):
To to set them up.
Speaker 13 (43:57):
In some cases they even admit on their website getting
them enrolled in public assistance and government assistance programs. Also,
on the other side of it, you have NGOs that
are working on the legal side, providing pro bono legal representation,
not just for illegal aliens who are seeking citizenship or
green cards or whatever, but including illegal aliens who are
(44:17):
detained by ICE trying to avoid deportation. Then there's other
NGOs that activate rather currently are actively engaging in setting
up what they call either know your Rights campaigns or
ICE emergency response hotlines. So when you've heard these stories
about ICE agents getting docksed or legal aliens calling to
alert people of ICE in their neighborhood, Act Blue is
(44:40):
responsible for funding these organizations and then essentially on the
other side of it too, Right, all the activists, the organizations,
the protests, the mass phone calls, and the lobbying efforts
not just to change legislation but to intimidate ICE. Right,
those groups all also use ACT Blue. So what you're
seeing is maybe perhaps at best, just straight up fraud. Right,
(45:04):
It's kind of a weird convergence between the Democratic Party
and the Open Border's agenda, which, like I said, that's
not a conspiracy theory to anyone new to the.
Speaker 9 (45:11):
Show, or rather one of the show.
Speaker 13 (45:13):
But at worst, what you're seeing is that ax Blue
is facilitating in some cases outright, dare I say, human trafficking. Right,
you're talking about the mass movement of illegal aliens. We
know that that's a very shady, dark, dark dark business
and essentially the backbone right of this of the invasion
of this country from cradle to grave, from the NGOs
(45:35):
that are helping illegal aliens get here, to processing them,
to flying them, to providing them legal aid to become
citizens or avoid deportation. And if we have time, Steve,
I just want to read you how radical some of
these groups are.
Speaker 9 (45:47):
The Immigrant Home Foundation.
Speaker 1 (45:50):
Hang on, Natalie, I'm gonna hold you through. I'm gonna
hold you through the break here because I have a
lot of questions.
Speaker 2 (45:56):
This is so powerful. Your investigation here is just pretty shocking.
Go ahead and read, and then we're going to go
to break.
Speaker 9 (46:04):
Sure.
Speaker 13 (46:04):
So this group Freedom for Immigrants helps train Americans to
quote end detention, So that's abolish all ICE facilities in
their districts. The Immigrant Home Foundation explicitly advocates for criminal
illegal aliens to stay in the United States. Immigration Forward
is an NGO.
Speaker 9 (46:21):
That lobbies to keep HIV positive illegal aliens in the
United States.
Speaker 13 (46:26):
The quote Black Immigrant Collective states that their goal is
abolition of all detention centers and liberation for all black people.
You have the Immigrant Alliance for Justice and Equity of Minnesota,
which explicitly works to get illegal aliens on public assistance programs.
And perhaps my favorite, you have a group that describes
(46:48):
itself as a quote abolitionist organization that quote denounces white supremacy,
the patriarchy, and capitalism, and as quote pro black, pro brown,
pro indigenous, pro queer, pro trans, pro sex worker, pro worker,
pro woman and gender minorities, and pro earth. So these
are the kind of groups that Act Blue is entangled with.
And I know people might say, oh, well, it's just
(47:09):
a payment processor, but this will be my parting question
until we go to battleground. If the equivalent of wind
read to the Republican Party, right, the financial backbone of
the Democratic Party is fully endorsing, if not outright funding,
that which in effect turns into the full scale invasion
of this country. I mean, I think we can essentially
say case closed on the idea that the Democratic Party
(47:31):
is for the full scale invasion of the United States,
because that's what all these really really really radical groups,
they're explicit mission statements are, so you can only imagine
how much worse it actually is behind closed doors.
Speaker 1 (47:45):
Natalie Winners, you hang on for one second. We're going
to take a short commercial breakwo wn and go back
to the White House. You've got so much in this
second hour. We're going to take on Freed Zakara, his Zakaria,
his CEE, and n Special Estate.
Speaker 2 (47:59):
We're going to talk to Clear Pascal about the.
Speaker 1 (48:02):
Drudge mac Daddy over the weekend that says the Chinese
Commis Party has made the Caribbean a lake for the
Chinese Navy, and much much much more. We got so
much to go to We're gonna go back to Natalie
at the White House. Short commercial break. We're gonna leave
you with the right stuff back in the Worm for
the second hour of our late afternoon early evening show.
Speaker 2 (48:24):
In a moment
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