June 30, 2025 • 48 mins
THE WAR ROOM WITH STEPHEN K. BANNON, JUNE 30TH, 2025
Guests:
Steve Miran
Caroline Wren
Joe Allen
Mark Beall
Mike Lindell
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
This is the primal scream of a dying regime. Pray
for our enemies, because we're going to medieval on these people.
You've not got a free shot. All these networks lying
about the people, the people have had a belly full
of it. I know you don't like hearing that. I
know you tried to do everything in the world to
stop that, but you're not going to stop it. It's
(00:23):
going to happen.
Speaker 2 (00:24):
And where do people like that go to share the
big line?
Speaker 3 (00:27):
Mega media?
Speaker 1 (00:29):
I wish in my soul, I wish that any of
these people had a conscience. Ask yourself, what is my
task and what is my purpose? If that answer is
to save my country, this country.
Speaker 3 (00:42):
Will be saved. Here's your host, Stephen K.
Speaker 4 (00:47):
Math.
Speaker 1 (00:53):
It's Monday, thirty j Year of a Lord, twenty twenty five.
Of course, the big beautiful bill is trying to get there,
trying to move this through the Senate today. Already kind
of revolt in the house. You got one group of
people saying, hey, it's cutting too much money, and another
saying it's not cutting enough. Clearly, the debt ceiling, the
five train dollars debt ceiling, is in this so that
gives you some indication of the direction of least of
(01:20):
some of the debt that we'll run up over the
next couple of years. We're going to get some details.
We're trying to get doctor Stephen. He's the chairman of
the Council of Economic Advisors, with which I would say,
along with Scott Bessant, the Secretary Treasury, and doctor Hessett
over at the National Economic Council, that Stephen Myron is
(01:41):
the third of the top three economic advisors to President Trump.
I would toss in Peter and Navarre there on trade.
We're going to get him over do something a little different.
I think that other shows have done, which I've been
spending the afternoon talking to certain officials that the CBO,
and I think it is very important for the audience
to understand because Elon Musk is out and he's not
(02:05):
that I told you this was going to happen, but
he's out lighting up the President and lighting up MAGA
and claiming this time for a third party, and that
this is he calls it, I think, in all his maturity,
the porky pig Bill. He's going on about the spending,
hammering it, hammering it, and this is what galls me
(02:26):
about this. This was the guy that told the President
he was going to get two trillion dollars of waste
for an abuse because then he backed it off to
one tree. And this was on an annual basis. This
wasn't over ten years, this tree and dollars because we
asked him, made sure the question was asked very specifically,
and he said it over and over again at trellion dollars.
(02:46):
And at the end of the day, I don't know, folks.
I know some of you fanboys said we got a
hundred sixty, but we haven't seen the hundred and sixty
bion dollars. What we do is have a nine billion
dollar decision, and all of that is programmatic. I haven't
seen any I haven't seen any anything specifically fraud and
abuse put forward from the beneicgount anywhere. So we're gonna
(03:09):
take this a little different tack. If you've got CBO
that has one set of scoring, the the the administration
has its own set of numbers, has its own financial forecasts.
It's a little more dynamic. And we've asked doctor Stephen
Myron to join us. The Chairman of the Council of
Economic advisors. Doctor Myron, thank you so much for joining
(03:29):
us today. Just you know, the CBO is running around
and saying this thing's going to add trains of dollars
to the debt and bigger deficits. You got Elon Musk
now has weight in and he's hammering the administration and
actually calling for a third party. You know, I spent
the afternoon talking at certain officials in the administration about
the models you guys are looking at and how you're
(03:51):
doing dynamic scoring and taking into account that the supply
side tax cuts nature of this a lot of the business,
you know, elements you're bringing in on capital equipment. Can
you just walk the folks too, because the CBOs, I think,
saying you're gonna have one point eight percent GDP growth
IMF is a one point seven percent. Can you just
(04:13):
take a second and walk us through as you guys
look at it, how this thing rolls out, and what
do you think the right model people ought to be
focused on. Sure?
Speaker 5 (04:24):
Sure, sure, So first of all, you know, look, thanks
for having me. It's great to be here.
Speaker 2 (04:29):
Look, CBO does a really bad job.
Speaker 5 (04:31):
Of incorporating economic growth as a result of tax provisions
that are strong incentives to increase production, right, And so
there's a number of incentives in the bill that are
really important. There's the full expensing on equipment and manufacturing
in R and D that are in new factories that
are huge incentives to invest. That means that companies get
huge tax rate offs if they build a factory. Companies
(04:53):
get huge tax rate offs if they add more equipment
to an existing factory. Right, it's really strong investment incentives.
And of course investment means more job, It means more
economic activity, it means more productive facity, it means more
manufacturing and national security as well, and that's super important.
Speaker 2 (05:06):
Right.
Speaker 5 (05:06):
There's also very strong incentives for more labor supply, things
like no taxes on tips or overtime tax benefits for seniors.
Speaker 2 (05:13):
Right. These are very very what economists would.
Speaker 5 (05:15):
Call elastic, but you should just think of as responsive
segments of the labor supply. These are folks that already
respond very well to increased economic incentives to work, and
providing tax benefits just increase their willingness to work, and
so that increases labor supply, which.
Speaker 2 (05:30):
Again boosts the economy.
Speaker 5 (05:31):
Better economic growth means more revenue because it means more
income that.
Speaker 2 (05:34):
Gets taxed now.
Speaker 5 (05:36):
In President Trump's first term, GDP growth was two point
eight percent until the pandemic, and of course it's difficult
to blame tax policy for the pandemic.
Speaker 2 (05:44):
But two point eight percent.
Speaker 5 (05:45):
GDP growth what we've got from the similar set of
policies also works out to about two point eight percent
GDP growth over the course of a decade. That alone
brings in four trillion dollars of additional revenue from better
economic growth due to this full suite, full suite of
economic policies, including the tax incentives and the One Big
Beautiful Bill, but also huge amounts of deregulation, cutting red
(06:05):
tapes that companies can invest in higher when they want
instead of begging Washington for permission spending years begging Washington.
And also the presence of energy abundance policies that lower
gas prices put more money in consumers pockets every month,
and also create better ability to reshore manufacturing, better ability
to build factories in manufacturing United States because energy goes
into everything.
Speaker 1 (06:29):
Let's go back. I want to go back to the
restoring for a second. We see every day another announcement
of you know, five hundred million dollars here, fifty billion
dollars there trading dollars, and I'm taking out the sovereign
wealth funds. I mean companies that are publicly reporting, that
have made very specific announcements about capital, that they're capital equipment,
(06:50):
they're building new plants, they're building, how they're restoring. I
think in Kentucky over the weekend, I think it was
ge bringing washing machines back refrigerators. But every day it
seems like you have another announcements that all been factored
in the growth that's going to come from just either
lower energy, deregulation, tariffs, whatever that ends up being. Companies
(07:13):
just want to be inside in the golden door and
now have to deal with the tariffs. Is that how
you get to the two point eight percent or could
that be potential even more upside?
Speaker 5 (07:23):
Well, look, it's definitely part of it, So we didn't
go in and count every single deal is part of
those numbers. But the present suite of policies aim to
make America the best place on earth to do business,
so that anyone opening a factory, opening a new site,
hiring workers as America is the obvious place to do it,
not China, not somewhere else.
Speaker 2 (07:40):
America is the place to do business.
Speaker 5 (07:41):
And all that does is boost the GDP growth, which
helps bring in revenues. And that comes from tax incentives
that we were just discussing a moment ago. You need
tax incentives to create to create an environment people want
to invest here. It comes from cutting red tape. It
comes from cutting regulations that to term business. You know,
you may have a situation in which somebody wants to
build a factory and you know, build something like jet
engines or something, but they can't do it because somebody
(08:02):
finds a snail, right.
Speaker 2 (08:03):
You know, we want to prevent that from happening so
that people can.
Speaker 5 (08:05):
Actually build the factories to increase production capacity here as
opposed to elsewhere.
Speaker 2 (08:11):
And it comes from energy abundance.
Speaker 5 (08:13):
It comes from all those things that boosts the economy,
that boosts growth, that boosts revenues. But we're not getting
revenues just from better growth alone. There's an additional one
and a half trillion dollars of discretionary reductions and waste,
fraud and abuse that the government will be doing.
Speaker 2 (08:25):
The adminstration will be doing that.
Speaker 5 (08:27):
The Office of Management and Budget made public a few
weeks ago and there's an additional three trillion dollars of
revenue from tariffs. The idea of taxing foreigners to cut
taxes on Americans seems like a no brainer to me.
I can't believe it. It took this long for us
to figure it out. But that's what President Trump's policy is,
and he knows it's the right policy. And then, finally,
because we're borrowing all this less stuff from the deficit
(08:47):
reduction from growth from tariffs, from deregulation, from cuts to
wastefron abuse, that means you've got less interest to pay too,
and that's additional one and a half trillion.
Speaker 2 (08:56):
Dollars of lower interest expenses.
Speaker 5 (08:58):
So you add all this up, it comes to about
eight and a half to eleven trillion dollars of deficit
reduction relative to you know, relative to where things would
be if we had the big taxi as in the
CBO baseline.
Speaker 1 (09:12):
So this is what I want to come. By the way,
let's go back to the tariffs. For second, I have
been calculating four hundred by in a year off of numbers.
You're saying, even, hey, you'll even take a cut that
three hundred bi and a year over ten years three
trillion dollars additionally tariffs, and it looks like you're going
to blow through that number in the first year, right,
just to make just to show people, hey, they're not
thrown up pye in the sky numbers. They're already going
to hit this number or beyond in the in the
(09:34):
first fiscal year. Correct.
Speaker 5 (09:38):
Oh, absolutely, there's ten tens and trillions of dollars of
any coming in from tariffs every month already, and that
number is only going to go higher as as month
to month volatility. Smith's out and we settled into the
new reality of tariffs. But yeah, we've got about three
trillion dollars over ten years, or as you point out,
about three hundred billion dollars per year.
Speaker 2 (09:55):
But of course, you know, rates could change. We're coming
up on this July ninth deadline.
Speaker 5 (09:59):
And you know, there's a lot of countries that are
i think, doing a really good job of negotiating and
doing a really good job that making the concessions they
need for the President to keep their teriff for each
relatively low. But there are other countries that are proving
to be a bit intransigent and not really moving forward.
And you know, for those countries. You know, it wouldn't
be surprising to me if teriffor it snapped back up.
So there's upside risk for sure to the teriff revenue
(10:21):
number I gave you before.
Speaker 1 (10:25):
I just want to make sure everybody else. So the CBO,
if you take the CBO score, which is not dynamic,
but more than that, it also doesn't add everything up,
you're going they're at a negative three trade in you're
actually saying the reverse. You're you're kind of a positive
eight and a half to eleven in deficit reduction. So
the spread is anywhere from ten to eleven to fourteen trade.
(10:45):
I mean there's a big spread here. How the two
institutions look at it? Right, CBO, which has a history
of miscalculation, and you guys which are putting this together, say, hey,
here's a real snapshot. What does this going to look
like given the con urchins of all our policies? Correct?
Speaker 2 (11:04):
Uh, it's yes, but not exactly right.
Speaker 5 (11:06):
So so so I gave the eight and a half
and two eleven trillion dollars relative to the.
Speaker 2 (11:11):
Tax like baseline.
Speaker 5 (11:12):
But if you uh, if but you know the bill
that you know, but the the the bill itself, uh
in the in the CBO scoring costs about three and
a half trillion dollars. So the spread is three and
a half. Uh, you would subtract three and a half
from the eight and a half to eleven numbers that
I gave you, and it's for the spread of the
difference between US and CBO is going to be about
five to five to to to eight and a half
(11:35):
or something.
Speaker 2 (11:36):
So this the spread is less wide.
Speaker 1 (11:37):
That's that's.
Speaker 2 (11:38):
But other than that, yeah, yeah.
Speaker 1 (11:40):
Yeah, but it's a big but it's a significant it's
a significant spread. It's one group's going to be right
here and one group is going to be wrong. That
that's that's you can't deny. I mean, you're you guys
add everything up, which is large or these are all
the activities, these are all the things you're working on
that are coming. They're they're real, they're happening right now.
(12:01):
CBO kind of has a very static way to look
at this. Correct they do.
Speaker 5 (12:06):
And let me let me just give an example to
make it really obvious to everyone listening, which is that
if there's so there's an incentive in this bill, the
full expensing on new factories. So if I build a
new factory. It's completely tax deductible immediately. Right, So that's
a very very powerful and profound incentive, tax incentive from
the government to get me to build a new factory.
Speaker 2 (12:26):
Right.
Speaker 5 (12:27):
Obviously there's going to be more new factories result of that. Right,
as the government gives away money to people to build factories,
you will get more factories.
Speaker 2 (12:35):
CBO.
Speaker 5 (12:36):
You know, in those more factories means more investment, more
more economic activity, more income, More income means more tax revenue. Right,
CBO doesn't account for those increased incomes and those increased
tax revenue that come from the fact that people are
building more factories than they would without this incentive.
Speaker 1 (12:54):
And either way people you know, yeah go ahead.
Speaker 2 (12:58):
Yeah no, I was gonna say, I think if yeah.
Speaker 1 (13:05):
Go ahead, a.
Speaker 5 (13:06):
Great track recrun on this revenue revenues is a share
of the economy before the Tax Cuts and Jobs Act,
before the twenty seventeen tax cut that everyone said was
going to blow such a big hole in the deficit, right,
such a big hole in the national budget. Seventeen point
one percent of GDP was revenues before the Tax Cuts
and Jobs Act. Still seventeen point one percent of GDP,
So there is no long term hole as a result
(13:27):
of the tax cuts are twenty seventeen there, you know,
in corporate tax revenue went from one point six percent
of GDP to one point eight percent of GDP. So
we cut corporate tax rates and yet corporate revenue grew
is a share of the economy. So we've got a
fantastic track record in this.
Speaker 1 (13:42):
Now, the fourth quarter I think of twenty nineteen actually
got to three point three percent, he averaged two point average,
got to three point three doctor Marin? Where can people go? Myron?
Where can people go to find out more about this?
Your social media? Do you have a website? I want
people to get fully up to speed on what reality is.
Speaker 5 (14:01):
Sure, So we've got the research paper on our website
as well as a chart book about the deficit. It's
the Council of Economic Advisor's page on the White House website.
You can just search on the internet for for White
House CEA. I I've also got a you know, we've
got a We've got a Twitter handle, sorry, an X
handle at CEA forty seven.
Speaker 2 (14:21):
I'm also at Steve Myron. But yeah, you'll you'll be
hearing more from.
Speaker 1 (14:25):
Us, doctor Yes, go on offense you guys have a
great story to tell. Let's tell it. We're here at
the War Room to be your platform. Love it, absolutely
love it. Thank you so much for joining us today.
Speaker 2 (14:39):
Thanks for having me.
Speaker 1 (14:42):
President Trump's guest. Some pretty smart guys working for him.
My Roun's one of them. Short commercial break, We're gonna
be back talking about the big, beautiful bill that's engulfing
Washington right now.
Speaker 3 (14:56):
Next America, here's your host, Stephen k Man.
Speaker 1 (15:06):
Okay, In breaking news, the Senate just failed to remove
illegal aliens for Medicaid programs because the parliamentarian changed the
vote requirement to sixty votes from fifty one. She said
it basically couldn't go into a straight reconciliation. You're seeing
this happen a lot on various things. I think planned parenthood.
The defunding is only for a year, not for ten years.
(15:27):
Caroline Wren, I thank you for taking time. I know
you had other things planned, but for jumping in here
just on the voter rama. It's still going on, but
they're you know, you've got guys like Tony Perk and
I'm not talking about Elon Moss. Elon Muss is just
coming out to attack. This is his vengeance on the president, right,
calling once again calling for a third party. This is
after he tried to you know, slide back in there
(15:50):
and say he was sorry and you know, wanted to
be the president's friend again. Now he's calling for a
third party, a new party. He's just land blasting this
bill with a blunderbuss, right, not even looking at it
in a sophisticated manner. And there's and don't get me wrong,
I have big issues with the lots in this bill,
but then you have things like the parliament you got
Tony Perkins and others is saying, hey, look we've been
(16:13):
working on this. We think you get to the House,
but you just can't do a one year cut on
planned parenthood. The whole thing's got to go. That's what
we voted for. And now you see kind of just
out of nowhere, you got there's the parliamentarian makes a decision.
It can't go and for the it can't go for
the fifty one, you know, just the majority, the majority vote.
It has to get the sixty, which is really break
a fill of bus of which you're never going to
(16:34):
do on the ille aliens, Medicaid. And that's there was
the whole thing off, because that's one of the biggest
cuts for Medicaid and that's one that virtually all the
Republicans back. So can you give us a sense in
the Senate first, where do you think this thing stands?
I understand there's deal making going on and Thune's got
to look I don't you know, Thune's got a very
tough job trying to wrangle all these folks. Give us
(16:56):
your sense of on the Senate side of where we stand.
Speaker 6 (17:00):
Is it incredible how they could pass Obamacare through reconciliation,
but for some reason we cannot roll back any of
the you know, provisions that made into Obamacare through reconciliation.
The parliamentarian strikes it out like That's why people are
frustrated with this parliamentarian is because it is just so
duplicative what they are, what they're, what she's doing, and
so it's extremely frustrating to watch. There's no way the
(17:22):
House is going to vote on a bill that includes
includes funding illegal aliens healthcare. I'm telling you that right now,
and so there that is definitely going to be something
that's going to stall this Senate bill a little bit.
They do have some more time they were, i think,
hoping to have the final passage today, but due to
some members being on codels and different things on the
House side, I think it's there's no way really to
(17:42):
vote on this in the House side until Wednesday. But
it's certainly an imperfect bill. In fact, the House Freedom
Caucus just came out and said that the Senate version
adds six hundred and fifty one billion to the deficit.
Y'all promise us it wouldn't anything to the deficit, and
that was before special interest costs, which nearly double that total.
So you know, I've talked a lot with Carressman Andy Harris,
the head of the Freedom Caucus, who's been incredible, But
(18:03):
the Senate bill that they're currently voting on right now
is not going to be acceptable for the House. There's
no possible way to get it through, so they will
have to make changes once it goes back over to
the House side. But more importantly, I mean, I'm hoping
that this bill gets done and over quickly, quite frankly,
because you know, having campaigned as hard as we did,
especially with you, Steve, as populist, we have to realize
(18:23):
that we've spent the past few months promoting a new
war in the Middle East and talking about cutting medicaid,
and these are not successful things with These are not
things that I know the MAGA base wants us to
be talking about.
Speaker 2 (18:36):
Or focused on.
Speaker 6 (18:36):
In fact, the only successful bill I've seen get through
with some sort of crypto bill another like carve out
for the tech industry here. So I hope that the
House will make the changes and we can get this done,
because if I were the Democrats, there is a lot
of messaging I can do against us right now.
Speaker 1 (18:53):
Well, but if the bill passes and it's in its form,
I mean, you saw what happened, and people should take
New York City. And I'm not talking about his radical
his radical solutions, but the ground game he put together
and how he got to low information voters. You've got
to take that into consideration when when you do this.
I mean, this guy, there's some terrible messaging here. Look,
(19:14):
I've been an advocate from day one, and the reason
I don't like this bill, although I support the President
trying to get it done, is it should raise taxes
on the upper bracket. That's one of the ways that
we can get the math to work better. And of
course the Republican Party. Parts of that are just absolutely
you know, opposed that. So when you say pass it,
(19:36):
I mean it has to have a balance between like
for instance, in the old cutting medicaid with the meat axe,
we can't do anymore for the simple reason that so
many jobs have been shifted overseas, so few people have
medical insurance, so few companies are paying for it or
even paying decent salaries, that there's a lot of maga
on Medicaid. At the same time, you've got to take
(19:58):
you illegal aliens off one hundred and the able body
have to work, and I don't think if it's in
there a bedcheck once every six months is enough. I
think it's got to be much more frequently that And
if they can't make the bed check, they got to
you know, there's not a problem with working people, able
body people having you know, having medicaid, But if you're
(20:20):
you know, you don't have a job, you're not searching
for a job, you're not doing community work, you're not
going to college, you know, you got to check that frequently.
If they're not going to do that, they got to
drop off the rolls. Those types of things that I
think have to be in there, right, you have to
take care of the Royal hospital, rural hospitals. I believe
although Tom Tillis also has some of the Tillius guys
and Rand Paul also have makes sense in some of
(20:42):
their sayings. So this thing's I think needs to be
refined more and we have to get the messaging right
on this. Are we going to get crushed on this thing?
I mean I see it right now, and there's too
many things slid in here or they're trying to slide
in here. For the tech industry. One is the artificial
intelligence right the ten year moretuary about any state having
(21:02):
any say so at all, and you know the issues
have cropped up on our official intelligence all the time.
Also the fact that the bottom line is it takes
you ten times more regulation open up a nail salon
in Washington, d C. Than any regulation on artificial intelligence
right now. And essentially they just want to take all
regulation off it and have another big win for tech. Ma'am.
Speaker 6 (21:25):
Yeah. When I say just past, I mean the Senate
side is I think an unacceptable bill. But in the
House they can go back to a lot of the
House provisions which included the things that you're talking about
right now, And so that's what I'm hoping is when
it gets kicked back over to the House side, then
the House can actually and let the House Freedom Caucus
take the lead on these things and go back to
fixing those The AI thing that you just mentioned is horrible.
But back to what you're talking about in New York
(21:46):
City and Mondamie, I know you and I have been
talking a lot about this now. Things that Mondamie has
said in the past are absolutely insane. I have no
doubt that the man is a Marxist socialist nut job.
But he did not campaign over the last four months
as that. He campaigned essentially as Steve Bannon, and there's
a reason why he resonated the way he did. And
if the Democrats campaign like this, they will crush us
in the midterms. And the Democrats stick to the talking
(22:09):
points of the cost of living is too high in
Americans need a raise, the American healthcare system is broken,
and insurance companies are corrupt and evil, no new wars,
and protect Social Security and Medicaid. Those four things are
the people. That is what people care about back at home.
That anyone that I talked to outside of Washington DC.
Those are the talking points that they want to hear.
(22:29):
And that's really what Mom Donnie was talking about on
the campaign trail. Now, the places where I differ with
him massively are regarding immigration. He's so far out there,
and also, you know when we're talking about Israel, you
know he is also way too far out there on that.
But on the campaign trail, when you're asked in a debate,
where would you travel first, and every candidate says Israel,
and he says, I wouldn't travel anywhere. I'm running for
(22:51):
mayor of New York, so I'm going to be right
here in New York City. That resonates with folks. So
you know, the talking points that he had over the
last four campaigns were are actually they were extraordinarily effective,
and they were smart and I'm curious to see how
the Democrats will follow there. But they were talking about
things that you've talked about, Steve, and that I did
on this show, and what Republicans should be focused on.
Speaker 1 (23:13):
Well, they what he did is took a form of populism,
and his radical ideas like the free transportation and the
and the food stores he tried to play down. He
tried to take and steal as much of President Trump's
platform as possible. Understanding, the Democrats have not put forward
a legitimate populist left, a poppytiest platform. And this guy
(23:35):
is a Jahattist, He's a he's a neo Marxist.
Speaker 4 (23:39):
Uh he is.
Speaker 1 (23:40):
It's the Red Green Alliance. You can see what's happening
in New York City. But the sophisticated level that he ran,
I mean, this is kind of Obama two point zero.
Because Obama was a total radical, right, this guy's a
beyond a radical. He's beyond Obama. But the way that
they're running, they understand that populism and populist policies are
the solution. That's why the House version, I mean, this
(24:03):
is gonna be a big fight. I don't see this
right now, and maybe I'm wrong. I don't see this
on the President's desk on fourth of July for a
signature unless the House gets back here quickly and they're
able to hammer some of this out with the Senate. Man.
Speaker 6 (24:18):
You know, I think that deadline is looking more and
more unlikely as well, and so which I have no
problem if they passed that deadline. You know, fine, I
just want this bill fixed and made in the most
America first model of what it is. This is supposed
to be President Trump's agenda in this bill, and so
I am really hoping that the House can get in
there and truly fix it. And then I hope that
(24:38):
the House and the Senate and then President Trump's team
focus on the campaign promises that they made to Americans,
and that is to focus on lowering the cost of
living in this country, which he really had he's been doing.
I mean, the price of gas has gone down, inflation
is going down. They've got to cut rates. But these
are all things that we need to be talking about
and not just constantly talking about these can using languages
(25:00):
in the bill and Iran and Israel now net and Yah.
Speaker 3 (25:03):
Who's coming next week?
Speaker 6 (25:04):
That's a whole another last week of messaging talking about
net and yeah, who's visit? Talk about America, talk about
the problems that Americans are having that they want fixed
that President Trump promised he would fix in which he
actually is. But we are getting distracted looking at these,
you know, uh, just constant overseas problems, and right now
we need to focus on the winds of President Trump
cauld deliver and has.
Speaker 1 (25:25):
Delivered, and not just that the net Yahoo, the New
York people understand this. I spent four days up there
looking at the data. It was a referendum on net Yahu.
Better you better understand this because bringing net Yahu to
the White House next week is horrible, horrible heart particularly
if we're in the middle of this horrible messaging uh,
because they still are bound and determined to do regime change.
(25:47):
The American people have zero interests in this. They just
want to Hey, we got it done. Took out the
nuclear program. President Trump ended the twelve day war with
a catastrophic strike. Game over. Let's take the win and
move on. Caroline? Where do you will get you on
social media? People want to follow you. Plea particularly is
this works up through the in the Senate and you're
hearing a lot of guys in the House, a lot
(26:08):
of people the members of the House starting to say, Hey,
this is gonna be tough to uh to swallow in
the House. So it's gonna be a big fight this week.
Where do folks go?
Speaker 6 (26:15):
Man, It is at Caroline Wrenn on Twitter, Getter and
truth social.
Speaker 1 (26:22):
Thank you, ma'am. I appreciate you. Philip Patrick, even as
we speak, is heading to La x the airport. He's
gonna be heading to Brazil for the for the Bricks
Nations their UH their their meeting in Brazil UH to
talk about the US dollar as the premier reserve currency.
(26:42):
Birch Gold dot com promo code Bannon the end of
the dollar Empire, seven free installments, Get up to speed.
We're gonna have Philip Patrick from lax in the six
o'clock hour before he leaves. We're hav him every day
from Brazil. Short break back in a moment.
Speaker 3 (26:59):
Really, he's your host, Stephen K.
Speaker 2 (27:01):
Bath.
Speaker 1 (27:04):
Okay, they just passed. So for instance, the parliamentarian is saying,
now you can't do the uh, you can't, you can't
do the illegal aliens. Yet we just did pass. I
think they blocked funding funding planned parenthood. Now I'm not
(27:25):
sure if that's for the whole ten years of the
one year. I think it's just for the one year.
But the US and has just blocked a measure that
required the Big Beautiful Bill to fund planted parenthood by
a forty nine to fifty one vote. That's positive today. Also,
you should know, and this is one of the reasons
we're not going to the floor all the time. Normally
had these voter ramas. It's one after the other after
(27:46):
the other. You know, they go all night, and they
go for a couple of days maybe, and it's completely
jammed with amendments. Debate on the amendments. This is going
a little you know, catches, catch can a little. Sarah Feris,
I want to report that there is zero rush by
the Senate to move along with these amendments. The last
amendment vote for Murray was open for forty five plus minutes.
(28:08):
It just failed. This is not your average vote rama,
usually overnight and much much faster. I think the reason
is that there's still debating things that are going into
this bill.
Speaker 7 (28:18):
Now.
Speaker 1 (28:20):
My understanding is that the reporting this morning on the
show about Marshall Blackburn actually working on some compromise with
Ted Cruz turns out it was essentially wrong. Marshall Blackburn
is down and she's kind of dug in. Particularly the
parliamentarian is not going to say that they can get
(28:41):
any compromise language she thinks protects children and content creators
on the bill on artificial intelligence, and right now my
understandings of parliamentarian just came back said the camp maybe
those changes, and so as it stands right now, and
we are a big advocate of calling your congressman, calling
your senator and saying, hey, there should be no compromise
(29:03):
in this. It should be the States. You know that
they should not block the States for ten years. This
moratorium against the States for ten years is absolutely uh
is absolutely outrageous, and it should be. And my concern
is not a lot of these people and Mike Davis
and others are putting up these issues about content creators
(29:24):
and the ability to you know, make sure they can't
take all of your information like President Trump's book out
of the deal and take it and use it for
machine learning and make people smarter and not have to
pay for it or not have to compensate for it.
So they're taking all this as free content. Certainly I
have an issue with that as a content creator. You know,
that's the type of thing to get worked out. My
bigger problem is that the States may be our bullwork
(29:47):
here about what's going on with artificial intelligence. Like I said,
you've got you know, more regulations on getting a nail
salon set up or hair braiding salon set up, then
you have on artificial intelligence right now. And this is
another bill passed by big tech. You heard Caroline ren
(30:07):
The only thing I think has really been passed of
any substance is this was this genius act on on
cryptocurrency that was really pushed by the tech bros. And
you see, right now you've got a tech bro Okay, fine,
you've got the tech bros that are that are are
pushing here. You see they're hiding behind Elon Moss or
they're ripping on President Trump right now calling for a
(30:29):
new third party. I don't think it behooves us in
the efforts we're trying to do here to try to
get this all put to bed. And look, nobody's in
love with this bill, the entire thing. It's got issues
to it, it's also got great benefits. You heard doctor
Stephen Myron at the at the very top, with the
economic growth that could come out of this, and that's
the bet that's being made at supply side. Joe Allen
(30:52):
joins us and Joe Allen. I think we're gonna try
to get some other people as the show goes on.
But right now I did have a chance to talk
to the Senator Blackburn, and she's pretty dug in that
she's not enthusiastic about any compromise on this unless it's
the only possible way out. But right now, she says
to parliamentarian, she doesn't think he's going to prove anything
that would be on any compromise, So there's not going
(31:14):
to be a compromise. Do you have any update on.
Speaker 4 (31:17):
That, sir, No, Steve, other than I have heard from
a reliable source that Blackburn is planning to stand up
to this, that she is not planning on compromising. I
think that her constituents should give her all the support
that she needs and make sure that she understands that
(31:39):
they do not want this federal preemption. They do not
want to have the federal government be the sole bulwark
against the various downsides of AI. I mean, you know,
we've covered this for four years. The war room audience
understands that everything from AI addiction with kids becoming kind
(32:03):
of brain dead due to reliance on it all the
way out to the dangers of AI powered weapon systems
and even having potentially some sort of artificial general or
superintelligence that would just be a civilization shattering transformation. You
want to have at the very least, whether it's the
(32:23):
most mundane algorithm or some dreamt of godlike AI. You
want to have the legal systems in place to hold
these companies liable, to actually insist on transparency so that
the systems are being tested consistently, so that we know
that if you hand a child laptop and say this
(32:44):
is your teacher, this is where you will learn about reality,
that the child is not going to be fed hallucinations
constantly and have their mind work all the way out
to the medical industry, where right now they're talking about
a kind of new medical ethic where one is considered
to be negligent, one is considered to be basically conduct
(33:08):
you know, malpractice as a doctor for not consulting AI
as some sort of justification for any diagnosis, any sort
of treatment. So, yes, Marcia Blackburn one hundred percent needs
to stand up. She's got Josh Holly on her side,
she has Ran Paul on her side, and of course
she has most of America on her side. The latest
(33:30):
poll from the Institute for Family Studies conducted with Yugov,
showed that Trump voters just isolating selecting for Trump voters,
that fifty five percent do not want an AI moratorium.
Fifty five percent. I'm sorry, fifty five percent want their
(33:51):
states to be empowered to make their own decisions and
conduct themselves into the future as they choose. So, yeah, Steve,
I think that Marcia, if she has the spine to
do this, she's going to come out a winner at
the end.
Speaker 7 (34:07):
Yeah.
Speaker 1 (34:07):
I don't know why Ted Cruz and this is another
thing of concernacy about Texas. That's the great state of Texas.
Why Ted Cruz is doing the bidding of the of
the tech bros. Here hangarver side, We've got Mark Bill
joins Joe, stay right there because I want to answer
about the conference we went to and what the sense
of the folks at the conference was. Mark Bill, can
you you help us on this. People are pretty worked
(34:29):
up about looking at keeping the States and any kind
of involvement in the States at all, and any type
of oversight or regulations of on AI. This is going
to be a very big deal in the Senate right now,
and they're talking about compromise. But we now know that
some people are saying, no, we don't want to compromise.
We want we want you know, no, we're not taking
(34:50):
ten years or not taking five years. We want no
years wants zero. Can you give us an update. Yeah,
it's a pretty dynamic situation now, Steve.
Speaker 8 (35:00):
It's funny that this one little line and the big
beautiful Bill has attracted so much attention. And I think
it's right that it is attracting this much attention. You
know this, all the industry leaders people are saying, this
is going to be one of the most transformative technologies
in human history, and it's probably worth a national dialogue
on how we need to be thinking about it. And
you know, the idea that we're going to put this
(35:21):
provision in the big beautiful bill and slow down the
president's agenda and give kind of the tech industry a freebie,
it seems a little bit kind of dissonant to me,
at least when it comes to what good policies should
look like.
Speaker 1 (35:36):
Well, this is why it was done. This bills nine
hundred pages long. You see the fights, and right now
Twitter is blowing up with these votes and where Republicans
are coming down on these votes right now, and it
looks I think secure Kupor over at Heal Coupour over
at CNN is saying, hey, the whole thing looks far
from a done deal, and we already know this is
(35:57):
not moving at the kind of pace you normally vote Ramas.
The reason is students having to put together almost on
an amendment by amendment, a different coalition. How did this
And the parliamentarian I think is sitting there going this
thing should have never been here in the first place.
This is a pure policy you know, this is a
pure policy change, and a massive policy change, and it
(36:18):
shouldn't be in a budget reconciliation, right, That's why she's
coming back and you know, enforcing kind of what the
rules are for these reconciliations. But this shows you that
people like Ted Cruz and those that are doing the
big bidding of the oligarchs are going to slip a
one page in with a you know, one paragraph two
paragraphs that could change American life, sir.
Speaker 8 (36:40):
You know, it would be one thing if the President
of the United States came out and said personally, this
is a big important priority for me. But we didn't
even see that AI policy appear once in his Statement
of administration policy, and so it's not clear to me
that the white that the President himself is really you know,
focused on this. I think he's got a big agenda
(37:03):
in the big beautiful bill. And at this point, you know,
we're slowing down the the implementation of of what the
American people elected the president to do over this kind
of very bespoke issue.
Speaker 3 (37:16):
And I think, you know, Joe or someone else.
Speaker 8 (37:18):
Mentioned that some of the polling and the American people
don't don't want to see a freebee to the industry
just to let it do whatever it wants. And it's
not you know, I saw a Secretary Leutink today tweeted that,
you know, it's concerns about just California and in the
liberal agenda. But as you pointed out, it's Texas, it's Utah, Georgia.
There are plenty of Tennessee, plenty of good conservative states
(37:40):
out there trying to get their arms around this, and
it's a bit of a head scratcher while we're trying
to undo all that hard work.
Speaker 1 (37:47):
Well, let me ask you. I think people in briefing
the president president understands that we're in a part of
this because of deep seek. We are in a race
with the Chinese Commanist Party. I think his you know,
he comes out and says, hey, I want us to
be a leader in artificial intelligence. I don't want to
find fall behind the Chinese. The artificial intelligence industry and
particularly the four guys that are at the lead of it,
(38:09):
including Elon, must be in one. They're using that as
kind of we've had the Sputnik moment. We can't have
any regulations at all. It's it's a matter of life
and death to do this. Do you agree with that
or do you think that's over sell.
Speaker 8 (38:24):
I think it's all about the relative velocity of the
United States and China, you know. I think the tech
industry has been selling to the Chinese all the capabilities
they've needed to be successful and to catch up to
us over the last you know, three to five years,
we've been hemorrhaging our capabilities to the Chinese. And so
the idea that some folks in industry want to say, oh,
(38:45):
we're scared about China and at the other you know,
turnaround and then sell them ours most sophisticated capabilities, there's
some logical, you know, questions that we might have in that.
So I do am I appreciate the concern that a
patchword regulatory regime impact our industry and.
Speaker 1 (39:02):
May slow us down.
Speaker 8 (39:03):
And that's why I think it's really urgent that the
Congress get itself together and start to focus on this,
and then also sort of slow down the flow of
our stuff over the Chinese and so that their military
is not weaponizing American tech against US. I think both
those two things would happen. This would help increase the
lead between the United States and China in a helpful
way that also allows us to think more deeply about
(39:25):
the impact of this and powerful technology on the American people.
Speaker 1 (39:31):
Can you hang on for a second, Mark and get
Joe Allenbeck in here in a moment, we're gonna take
a break. We've got Jackie Torborov and Dave Ramaswami. What
happened in New York I think, particularly below the surface,
has tremendous lessons to the MAGA movement and to where
this country is heading, because it's quite dangerous. Also, Dave
(39:52):
ram Oswami is going to join us to talk about
the education industrial complex. That complex is the tap root
of what happened in New York City. And you're gonna
be pretty shocked to how the recruiting was done, how
tax dollars were paid for it, paid for it, what
has really happened to these school systems and what it's
(40:12):
visited upon you. The situation New York is it ain't
deaf Con one, but it ought to be deaf Con
two and a half. It's it's it's that serious. So
Jackie's going to join us. Dave Ramaswami Russ gonna get
Phillip Patrick. Philip Patrick and the team are heading to
Brazil today. They're gonna get there to get ready for
the for the conference the Bricks Nations are meeting. They're
(40:33):
meeting for one reason, the think through. It's called the
rear Reset. They're thinking about what they're going to do
in relation to the US dollar. Learn all about it,
particularly gold as a hedge and why you need to
understand gold now more than ever. Birsch Gold dot com
promo code Bannon, the end of the dollar empire. Get it. Today,
we're gonna have Philip Patrick live from Lax in the
(40:54):
six o'clock hour short.
Speaker 3 (40:55):
Break Warroo use your host, Stephen k Maas.
Speaker 1 (41:03):
You know, we started the show today with doctor Stephen Mirron,
the Chairman of the Council of Economic Advisors, walking through
the model. They're using a TU zero point eight percent growth.
You heard the supply side part of this all of
it's great, there is an issue that nobody debates, and
that is there's going to be a gap. Right we
think it's going to be a smaller gap, the CBO
(41:24):
and the Democratic is gonna be a bigger gap. That
GAP's got to be closed when they do it is
Doctor Myron talked about it, and increased tax revenue is
coming on on increased growth. If you've got a problem
with ther Irs, in their mind, they're going to come
and get your money. Okay. So if you've got a
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Network USA TNUSA dot com promo code Bannon or eight
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They've solved the billion dollars worth of tax problems. Yours
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so much better eight hundred and ninety five eight one
thousand Tax Network USA. Get those guys off your back,
do it today. Joe Allen, Joe, you went to a
conference this weekend. I know I'm gonna get you up
on Skype one day to get a better view, but
(42:30):
just give us a quick overview. How I couldn't make
it out there because I was in New York City
trying to figure out trying to figure out how not
to have a radical takeover the mayorship, and that's going
to be quite difficult. But tell us about the conference.
Speaker 4 (42:45):
Well, Stee, First and foremost, I got to say that
I was. I was at two conferences back to back
between Bozeman, Montana and somewhere in the wilds of Wyoming,
and both of them they insist that you come out
and at least say hi, but hopefully come out and
share your wisdom on stage. So the first was Nefcon
(43:08):
with Timothy Alberino, and I've got to say, you know,
I spoke at his Birthright conference two years before. Of course,
that audience is going to be much more prime towards
ideas of transhumanism, artificial intelligence, artificial superintelligence. But just in
the last two years, you can see this dramatic change
because people are now interacting with AI. Their jobs, are
(43:31):
insisting that they use it, their schools are starting to
roll it out as teaching tools. It's becoming just the norm.
And of course you're seeing it in the military. You're
seeing it being pushed into the government with Talenteer and DOGE.
So the awareness is just so much keener now than
it was two years ago. And you know, statistically, if
(43:51):
you look at the polls, if you look at the surveys,
Americans by and large don't want to incorporate AI into
their lives. They don't want want to have AI as
some sort of tool that they're forced to use all
the time in their jobs. So, you know, when it
gets to the legality of it, the ability of states
to regulate it, or the federal government incorporating it, most
(44:14):
Americans are not comfortable with this. And I hope that
politicians in Congress and in the administration are starting to
see that this is not something that is for the people.
This is something that is being pushed by a very
very tiny minority of billionaires and their technologists and the
smaller camp of transhumanists. The second thing I just want
(44:36):
to say though with Wyoming just I can't really talk
about who was here, but I will say that a
number of people who are deeply involved in the tech
industry and also writers, a lot of artists, the same
sort of sentiment even among technologists, this extreme discomfort. At
the very least, you have a small handful of tech
(44:59):
oligarchs determining all this. Nobody wants it, and that's really
the point. Americans don't want it. The tech companies do.
The politicians really need to reflect our interests, not theirs.
Speaker 1 (45:14):
Joe, how do people get to you? We'll get you
back up when you get to a location in the
next couple of days. Where do people go in the interim?
Speaker 4 (45:20):
Sir at Joe bot x y z on social media
and Joe bought dot x y z substack. Thank you
very much, Steve, I will talk to you soon.
Speaker 1 (45:33):
Thank you, and I'm glad you represented us well at
the conference. It's really proud of you, Mark Beale. This
is one we should what they try to slip in
on one page. We should have a national debate over correct.
What would you recommend that the audience do right now
in order to make sure their voice is heard about
this AI moratorium in state's got to take a tenure
(45:55):
a decade and not do anything, no regulations all on
artificial intelligence. What are your thoughts?
Speaker 8 (46:02):
This is the most important issue of our time and
the American people have to have a vote, have to
have a say. You know, we the same of the
arguments that they're making right now sound and awfully like
the arguments they use with NAFTA, and you know that
that does enfranchise a lot of people. And the most
important things that we need to do now is get active.
Get on the phone, Call your congressman, call your senator,
(46:22):
let them know that you care about this issue. You
care about it deeply. And I think that's the way
that we're going to move the needle. We need a
grassroops uprising to start engaging at picking up the phone
and making sure these politicians understand that the people have
an interest and have a say and they want their
voices heard.
Speaker 1 (46:39):
Mark, you're leading an organization now, you dedicate yourself to
this effort. Where do people go, sir?
Speaker 8 (46:45):
Our organization is called the AI Policy Network, and you
can find us online at AI theaipn dot org.
Speaker 1 (46:55):
Brother, thank you and thank you for jumping on here
to say we're going to get you. This one's a dogfight.
It's going to go through the night and probably tomorrow,
so it'll be what will be hunt you down in
the morning, sir, get your seed. Thanks Mark Biale. They
got do I have Lindell. I've got the Mike Lindell.
I go from artificial intelligence to Mike Lindell. Mike Lindell,
(47:16):
you save the company. You save the company. Now sell
us a pillow or sell us a sheet. Tell some
of these sheets. People want to support you. They love
the facts that you're back, and they love the fact
that you live to fight another day.
Speaker 7 (47:28):
Sir, Well, thank you Steven, Thank you Warroom Polsi. You
guys made it all possible. And I'm back in Minnesota.
I was down at my factory today. Remember we've got
the new Prekale sheets. The whole line came in. These
are the higher thread called Perkale sheets. We're doing just
as just for today now tonight. This is the last
few hours of that sale. Well, I wanted the war
(47:49):
Room posse to get it for the wholesale price twenty
nine eighty eight. They're normally seventy nine ninety nine dollars,
any size, any collar and for twenty twenty nine eighty eight,
doesn't matter if it's king size, queen size, split kings.
Go to the website, you guys, this is just a
few hours left. Click on Steve. There there's the twenty
(48:11):
nine eighty eight. There's going to go up to the
regular sale price, which the rest of the country is planned.
Speaker 2 (48:17):
You got the.
Speaker 7 (48:17):
Fifty percent off crosses. I just got those in my office.
The new ones just came in there. Check those out.
And all of the stuff we have on sale, the
big ticket items, we left them on sale for fifty
percent or more. That's the beds, the mattress toppers, the
mattress pads, all of it made in the one hundred
percent in the USA. Get those big ticket items. But
(48:38):
you guys called downstairs, I had fun this morning. Eight
hundred eight seven three one zero six to two. Get
yourself a seventy sheets. I'm gonna go down there right
now and take phone calls with my crew.
Speaker 1 (48:50):
Take a car.
Speaker 7 (48:51):
We've been having a great time here. It's like a telethon.
Steve trumb Co War.
Speaker 1 (48:55):
We got a jump back in a moment
This is the primal scream of a dying regime. Pray
for our enemies, because we're going to medieval on these people.
You've not got a free shot. All these networks lying
about the people, the people have had a belly full
of it. I know you don't like hearing that. I
know you tried to do everything in the world to
stop that, but you're not going to stop it. It's
(00:23):
going to happen.
Speaker 2 (00:24):
And where do people like that go to share the
big line?
Speaker 3 (00:27):
Mega media?
Speaker 1 (00:29):
I wish in my soul, I wish that any of
these people had a conscience. Ask yourself, what is my
task and what is my purpose? If that answer is
to save my country, this country.
Speaker 3 (00:42):
Will be saved. Here's your host, Stephen K.
Speaker 4 (00:47):
Math.
Speaker 1 (00:53):
It's Monday, thirty j Year of a Lord, twenty twenty five.
Of course, the big beautiful bill is trying to get there,
trying to move this through the Senate today. Already kind
of revolt in the house. You got one group of
people saying, hey, it's cutting too much money, and another
saying it's not cutting enough. Clearly, the debt ceiling, the
five train dollars debt ceiling, is in this so that
gives you some indication of the direction of least of
(01:20):
some of the debt that we'll run up over the
next couple of years. We're going to get some details.
We're trying to get doctor Stephen. He's the chairman of
the Council of Economic Advisors, with which I would say,
along with Scott Bessant, the Secretary Treasury, and doctor Hessett
over at the National Economic Council, that Stephen Myron is
(01:41):
the third of the top three economic advisors to President Trump.
I would toss in Peter and Navarre there on trade.
We're going to get him over do something a little different.
I think that other shows have done, which I've been
spending the afternoon talking to certain officials that the CBO,
and I think it is very important for the audience
to understand because Elon Musk is out and he's not
(02:05):
that I told you this was going to happen, but
he's out lighting up the President and lighting up MAGA
and claiming this time for a third party, and that
this is he calls it, I think, in all his maturity,
the porky pig Bill. He's going on about the spending,
hammering it, hammering it, and this is what galls me
(02:26):
about this. This was the guy that told the President
he was going to get two trillion dollars of waste
for an abuse because then he backed it off to
one tree. And this was on an annual basis. This
wasn't over ten years, this tree and dollars because we
asked him, made sure the question was asked very specifically,
and he said it over and over again at trellion dollars.
(02:46):
And at the end of the day, I don't know, folks.
I know some of you fanboys said we got a
hundred sixty, but we haven't seen the hundred and sixty
bion dollars. What we do is have a nine billion
dollar decision, and all of that is programmatic. I haven't
seen any I haven't seen any anything specifically fraud and
abuse put forward from the beneicgount anywhere. So we're gonna
(03:09):
take this a little different tack. If you've got CBO
that has one set of scoring, the the the administration
has its own set of numbers, has its own financial forecasts.
It's a little more dynamic. And we've asked doctor Stephen
Myron to join us. The Chairman of the Council of
Economic advisors. Doctor Myron, thank you so much for joining
(03:29):
us today. Just you know, the CBO is running around
and saying this thing's going to add trains of dollars
to the debt and bigger deficits. You got Elon Musk
now has weight in and he's hammering the administration and
actually calling for a third party. You know, I spent
the afternoon talking at certain officials in the administration about
the models you guys are looking at and how you're
(03:51):
doing dynamic scoring and taking into account that the supply
side tax cuts nature of this a lot of the business,
you know, elements you're bringing in on capital equipment. Can
you just walk the folks too, because the CBOs, I think,
saying you're gonna have one point eight percent GDP growth
IMF is a one point seven percent. Can you just
(04:13):
take a second and walk us through as you guys
look at it, how this thing rolls out, and what
do you think the right model people ought to be
focused on. Sure?
Speaker 5 (04:24):
Sure, sure, So first of all, you know, look, thanks
for having me. It's great to be here.
Speaker 2 (04:29):
Look, CBO does a really bad job.
Speaker 5 (04:31):
Of incorporating economic growth as a result of tax provisions
that are strong incentives to increase production, right, And so
there's a number of incentives in the bill that are
really important. There's the full expensing on equipment and manufacturing
in R and D that are in new factories that
are huge incentives to invest. That means that companies get
huge tax rate offs if they build a factory. Companies
(04:53):
get huge tax rate offs if they add more equipment
to an existing factory. Right, it's really strong investment incentives.
And of course investment means more job, It means more
economic activity, it means more productive facity, it means more
manufacturing and national security as well, and that's super important.
Speaker 2 (05:06):
Right.
Speaker 5 (05:06):
There's also very strong incentives for more labor supply, things
like no taxes on tips or overtime tax benefits for seniors.
Speaker 2 (05:13):
Right. These are very very what economists would.
Speaker 5 (05:15):
Call elastic, but you should just think of as responsive
segments of the labor supply. These are folks that already
respond very well to increased economic incentives to work, and
providing tax benefits just increase their willingness to work, and
so that increases labor supply, which.
Speaker 2 (05:30):
Again boosts the economy.
Speaker 5 (05:31):
Better economic growth means more revenue because it means more
income that.
Speaker 2 (05:34):
Gets taxed now.
Speaker 5 (05:36):
In President Trump's first term, GDP growth was two point
eight percent until the pandemic, and of course it's difficult
to blame tax policy for the pandemic.
Speaker 2 (05:44):
But two point eight percent.
Speaker 5 (05:45):
GDP growth what we've got from the similar set of
policies also works out to about two point eight percent
GDP growth over the course of a decade. That alone
brings in four trillion dollars of additional revenue from better
economic growth due to this full suite, full suite of
economic policies, including the tax incentives and the One Big
Beautiful Bill, but also huge amounts of deregulation, cutting red
(06:05):
tapes that companies can invest in higher when they want
instead of begging Washington for permission spending years begging Washington.
And also the presence of energy abundance policies that lower
gas prices put more money in consumers pockets every month,
and also create better ability to reshore manufacturing, better ability
to build factories in manufacturing United States because energy goes
into everything.
Speaker 1 (06:29):
Let's go back. I want to go back to the
restoring for a second. We see every day another announcement
of you know, five hundred million dollars here, fifty billion
dollars there trading dollars, and I'm taking out the sovereign
wealth funds. I mean companies that are publicly reporting, that
have made very specific announcements about capital, that they're capital equipment,
(06:50):
they're building new plants, they're building, how they're restoring. I
think in Kentucky over the weekend, I think it was
ge bringing washing machines back refrigerators. But every day it
seems like you have another announcements that all been factored
in the growth that's going to come from just either
lower energy, deregulation, tariffs, whatever that ends up being. Companies
(07:13):
just want to be inside in the golden door and
now have to deal with the tariffs. Is that how
you get to the two point eight percent or could
that be potential even more upside?
Speaker 5 (07:23):
Well, look, it's definitely part of it, So we didn't
go in and count every single deal is part of
those numbers. But the present suite of policies aim to
make America the best place on earth to do business,
so that anyone opening a factory, opening a new site,
hiring workers as America is the obvious place to do it,
not China, not somewhere else.
Speaker 2 (07:40):
America is the place to do business.
Speaker 5 (07:41):
And all that does is boost the GDP growth, which
helps bring in revenues. And that comes from tax incentives
that we were just discussing a moment ago. You need
tax incentives to create to create an environment people want
to invest here. It comes from cutting red tape. It
comes from cutting regulations that to term business. You know,
you may have a situation in which somebody wants to
build a factory and you know, build something like jet
engines or something, but they can't do it because somebody
(08:02):
finds a snail, right.
Speaker 2 (08:03):
You know, we want to prevent that from happening so
that people can.
Speaker 5 (08:05):
Actually build the factories to increase production capacity here as
opposed to elsewhere.
Speaker 2 (08:11):
And it comes from energy abundance.
Speaker 5 (08:13):
It comes from all those things that boosts the economy,
that boosts growth, that boosts revenues. But we're not getting
revenues just from better growth alone. There's an additional one
and a half trillion dollars of discretionary reductions and waste,
fraud and abuse that the government will be doing.
Speaker 2 (08:25):
The adminstration will be doing that.
Speaker 5 (08:27):
The Office of Management and Budget made public a few
weeks ago and there's an additional three trillion dollars of
revenue from tariffs. The idea of taxing foreigners to cut
taxes on Americans seems like a no brainer to me.
I can't believe it. It took this long for us
to figure it out. But that's what President Trump's policy is,
and he knows it's the right policy. And then, finally,
because we're borrowing all this less stuff from the deficit
(08:47):
reduction from growth from tariffs, from deregulation, from cuts to
wastefron abuse, that means you've got less interest to pay too,
and that's additional one and a half trillion.
Speaker 2 (08:56):
Dollars of lower interest expenses.
Speaker 5 (08:58):
So you add all this up, it comes to about
eight and a half to eleven trillion dollars of deficit
reduction relative to you know, relative to where things would
be if we had the big taxi as in the
CBO baseline.
Speaker 1 (09:12):
So this is what I want to come. By the way,
let's go back to the tariffs. For second, I have
been calculating four hundred by in a year off of numbers.
You're saying, even, hey, you'll even take a cut that
three hundred bi and a year over ten years three
trillion dollars additionally tariffs, and it looks like you're going
to blow through that number in the first year, right,
just to make just to show people, hey, they're not
thrown up pye in the sky numbers. They're already going
to hit this number or beyond in the in the
(09:34):
first fiscal year. Correct.
Speaker 5 (09:38):
Oh, absolutely, there's ten tens and trillions of dollars of
any coming in from tariffs every month already, and that
number is only going to go higher as as month
to month volatility. Smith's out and we settled into the
new reality of tariffs. But yeah, we've got about three
trillion dollars over ten years, or as you point out,
about three hundred billion dollars per year.
Speaker 2 (09:55):
But of course, you know, rates could change. We're coming
up on this July ninth deadline.
Speaker 5 (09:59):
And you know, there's a lot of countries that are
i think, doing a really good job of negotiating and
doing a really good job that making the concessions they
need for the President to keep their teriff for each
relatively low. But there are other countries that are proving
to be a bit intransigent and not really moving forward.
And you know, for those countries. You know, it wouldn't
be surprising to me if teriffor it snapped back up.
So there's upside risk for sure to the teriff revenue
(10:21):
number I gave you before.
Speaker 1 (10:25):
I just want to make sure everybody else. So the CBO,
if you take the CBO score, which is not dynamic,
but more than that, it also doesn't add everything up,
you're going they're at a negative three trade in you're
actually saying the reverse. You're you're kind of a positive
eight and a half to eleven in deficit reduction. So
the spread is anywhere from ten to eleven to fourteen trade.
(10:45):
I mean there's a big spread here. How the two
institutions look at it? Right, CBO, which has a history
of miscalculation, and you guys which are putting this together, say, hey,
here's a real snapshot. What does this going to look
like given the con urchins of all our policies? Correct?
Speaker 2 (11:04):
Uh, it's yes, but not exactly right.
Speaker 5 (11:06):
So so so I gave the eight and a half
and two eleven trillion dollars relative to the.
Speaker 2 (11:11):
Tax like baseline.
Speaker 5 (11:12):
But if you uh, if but you know the bill
that you know, but the the the bill itself, uh
in the in the CBO scoring costs about three and
a half trillion dollars. So the spread is three and
a half. Uh, you would subtract three and a half
from the eight and a half to eleven numbers that
I gave you, and it's for the spread of the
difference between US and CBO is going to be about
five to five to to to eight and a half
(11:35):
or something.
Speaker 2 (11:36):
So this the spread is less wide.
Speaker 1 (11:37):
That's that's.
Speaker 2 (11:38):
But other than that, yeah, yeah.
Speaker 1 (11:40):
Yeah, but it's a big but it's a significant it's
a significant spread. It's one group's going to be right
here and one group is going to be wrong. That
that's that's you can't deny. I mean, you're you guys
add everything up, which is large or these are all
the activities, these are all the things you're working on
that are coming. They're they're real, they're happening right now.
(12:01):
CBO kind of has a very static way to look
at this. Correct they do.
Speaker 5 (12:06):
And let me let me just give an example to
make it really obvious to everyone listening, which is that
if there's so there's an incentive in this bill, the
full expensing on new factories. So if I build a
new factory. It's completely tax deductible immediately. Right, So that's
a very very powerful and profound incentive, tax incentive from
the government to get me to build a new factory.
Speaker 2 (12:26):
Right.
Speaker 5 (12:27):
Obviously there's going to be more new factories result of that. Right,
as the government gives away money to people to build factories,
you will get more factories.
Speaker 2 (12:35):
CBO.
Speaker 5 (12:36):
You know, in those more factories means more investment, more
more economic activity, more income, More income means more tax revenue. Right,
CBO doesn't account for those increased incomes and those increased
tax revenue that come from the fact that people are
building more factories than they would without this incentive.
Speaker 1 (12:54):
And either way people you know, yeah go ahead.
Speaker 2 (12:58):
Yeah no, I was gonna say, I think if yeah.
Speaker 1 (13:05):
Go ahead, a.
Speaker 5 (13:06):
Great track recrun on this revenue revenues is a share
of the economy before the Tax Cuts and Jobs Act,
before the twenty seventeen tax cut that everyone said was
going to blow such a big hole in the deficit, right,
such a big hole in the national budget. Seventeen point
one percent of GDP was revenues before the Tax Cuts
and Jobs Act. Still seventeen point one percent of GDP,
So there is no long term hole as a result
(13:27):
of the tax cuts are twenty seventeen there, you know,
in corporate tax revenue went from one point six percent
of GDP to one point eight percent of GDP. So
we cut corporate tax rates and yet corporate revenue grew
is a share of the economy. So we've got a
fantastic track record in this.
Speaker 1 (13:42):
Now, the fourth quarter I think of twenty nineteen actually
got to three point three percent, he averaged two point average,
got to three point three doctor Marin? Where can people go? Myron?
Where can people go to find out more about this?
Your social media? Do you have a website? I want
people to get fully up to speed on what reality is.
Speaker 5 (14:01):
Sure, So we've got the research paper on our website
as well as a chart book about the deficit. It's
the Council of Economic Advisor's page on the White House website.
You can just search on the internet for for White
House CEA. I I've also got a you know, we've
got a We've got a Twitter handle, sorry, an X
handle at CEA forty seven.
Speaker 2 (14:21):
I'm also at Steve Myron. But yeah, you'll you'll be
hearing more from.
Speaker 1 (14:25):
Us, doctor Yes, go on offense you guys have a
great story to tell. Let's tell it. We're here at
the War Room to be your platform. Love it, absolutely
love it. Thank you so much for joining us today.
Speaker 2 (14:39):
Thanks for having me.
Speaker 1 (14:42):
President Trump's guest. Some pretty smart guys working for him.
My Roun's one of them. Short commercial break, We're gonna
be back talking about the big, beautiful bill that's engulfing
Washington right now.
Speaker 3 (14:56):
Next America, here's your host, Stephen k Man.
Speaker 1 (15:06):
Okay, In breaking news, the Senate just failed to remove
illegal aliens for Medicaid programs because the parliamentarian changed the
vote requirement to sixty votes from fifty one. She said
it basically couldn't go into a straight reconciliation. You're seeing
this happen a lot on various things. I think planned parenthood.
The defunding is only for a year, not for ten years.
(15:27):
Caroline Wren, I thank you for taking time. I know
you had other things planned, but for jumping in here
just on the voter rama. It's still going on, but
they're you know, you've got guys like Tony Perk and
I'm not talking about Elon Moss. Elon Muss is just
coming out to attack. This is his vengeance on the president, right,
calling once again calling for a third party. This is
after he tried to you know, slide back in there
(15:50):
and say he was sorry and you know, wanted to
be the president's friend again. Now he's calling for a
third party, a new party. He's just land blasting this
bill with a blunderbuss, right, not even looking at it
in a sophisticated manner. And there's and don't get me wrong,
I have big issues with the lots in this bill,
but then you have things like the parliament you got
Tony Perkins and others is saying, hey, look we've been
(16:13):
working on this. We think you get to the House,
but you just can't do a one year cut on
planned parenthood. The whole thing's got to go. That's what
we voted for. And now you see kind of just
out of nowhere, you got there's the parliamentarian makes a decision.
It can't go and for the it can't go for
the fifty one, you know, just the majority, the majority vote.
It has to get the sixty, which is really break
a fill of bus of which you're never going to
(16:34):
do on the ille aliens, Medicaid. And that's there was
the whole thing off, because that's one of the biggest
cuts for Medicaid and that's one that virtually all the
Republicans back. So can you give us a sense in
the Senate first, where do you think this thing stands?
I understand there's deal making going on and Thune's got
to look I don't you know, Thune's got a very
tough job trying to wrangle all these folks. Give us
(16:56):
your sense of on the Senate side of where we stand.
Speaker 6 (17:00):
Is it incredible how they could pass Obamacare through reconciliation,
but for some reason we cannot roll back any of
the you know, provisions that made into Obamacare through reconciliation.
The parliamentarian strikes it out like That's why people are
frustrated with this parliamentarian is because it is just so
duplicative what they are, what they're, what she's doing, and
so it's extremely frustrating to watch. There's no way the
(17:22):
House is going to vote on a bill that includes
includes funding illegal aliens healthcare. I'm telling you that right now,
and so there that is definitely going to be something
that's going to stall this Senate bill a little bit.
They do have some more time they were, i think,
hoping to have the final passage today, but due to
some members being on codels and different things on the
House side, I think it's there's no way really to
(17:42):
vote on this in the House side until Wednesday. But
it's certainly an imperfect bill. In fact, the House Freedom
Caucus just came out and said that the Senate version
adds six hundred and fifty one billion to the deficit.
Y'all promise us it wouldn't anything to the deficit, and
that was before special interest costs, which nearly double that total.
So you know, I've talked a lot with Carressman Andy Harris,
the head of the Freedom Caucus, who's been incredible, But
(18:03):
the Senate bill that they're currently voting on right now
is not going to be acceptable for the House. There's
no possible way to get it through, so they will
have to make changes once it goes back over to
the House side. But more importantly, I mean, I'm hoping
that this bill gets done and over quickly, quite frankly,
because you know, having campaigned as hard as we did,
especially with you, Steve, as populist, we have to realize
(18:23):
that we've spent the past few months promoting a new
war in the Middle East and talking about cutting medicaid,
and these are not successful things with These are not
things that I know the MAGA base wants us to
be talking about.
Speaker 2 (18:36):
Or focused on.
Speaker 6 (18:36):
In fact, the only successful bill I've seen get through
with some sort of crypto bill another like carve out
for the tech industry here. So I hope that the
House will make the changes and we can get this done,
because if I were the Democrats, there is a lot
of messaging I can do against us right now.
Speaker 1 (18:53):
Well, but if the bill passes and it's in its form,
I mean, you saw what happened, and people should take
New York City. And I'm not talking about his radical
his radical solutions, but the ground game he put together
and how he got to low information voters. You've got
to take that into consideration when when you do this.
I mean, this guy, there's some terrible messaging here. Look,
(19:14):
I've been an advocate from day one, and the reason
I don't like this bill, although I support the President
trying to get it done, is it should raise taxes
on the upper bracket. That's one of the ways that
we can get the math to work better. And of
course the Republican Party. Parts of that are just absolutely
you know, opposed that. So when you say pass it,
(19:36):
I mean it has to have a balance between like
for instance, in the old cutting medicaid with the meat axe,
we can't do anymore for the simple reason that so
many jobs have been shifted overseas, so few people have
medical insurance, so few companies are paying for it or
even paying decent salaries, that there's a lot of maga
on Medicaid. At the same time, you've got to take
(19:58):
you illegal aliens off one hundred and the able body
have to work, and I don't think if it's in
there a bedcheck once every six months is enough. I
think it's got to be much more frequently that And
if they can't make the bed check, they got to
you know, there's not a problem with working people, able
body people having you know, having medicaid, But if you're
(20:20):
you know, you don't have a job, you're not searching
for a job, you're not doing community work, you're not
going to college, you know, you got to check that frequently.
If they're not going to do that, they got to
drop off the rolls. Those types of things that I
think have to be in there, right, you have to
take care of the Royal hospital, rural hospitals. I believe
although Tom Tillis also has some of the Tillius guys
and Rand Paul also have makes sense in some of
(20:42):
their sayings. So this thing's I think needs to be
refined more and we have to get the messaging right
on this. Are we going to get crushed on this thing?
I mean I see it right now, and there's too
many things slid in here or they're trying to slide
in here. For the tech industry. One is the artificial
intelligence right the ten year moretuary about any state having
(21:02):
any say so at all, and you know the issues
have cropped up on our official intelligence all the time.
Also the fact that the bottom line is it takes
you ten times more regulation open up a nail salon
in Washington, d C. Than any regulation on artificial intelligence
right now. And essentially they just want to take all
regulation off it and have another big win for tech. Ma'am.
Speaker 6 (21:25):
Yeah. When I say just past, I mean the Senate
side is I think an unacceptable bill. But in the
House they can go back to a lot of the
House provisions which included the things that you're talking about
right now, And so that's what I'm hoping is when
it gets kicked back over to the House side, then
the House can actually and let the House Freedom Caucus
take the lead on these things and go back to
fixing those The AI thing that you just mentioned is horrible.
But back to what you're talking about in New York
(21:46):
City and Mondamie, I know you and I have been
talking a lot about this now. Things that Mondamie has
said in the past are absolutely insane. I have no
doubt that the man is a Marxist socialist nut job.
But he did not campaign over the last four months
as that. He campaigned essentially as Steve Bannon, and there's
a reason why he resonated the way he did. And
if the Democrats campaign like this, they will crush us
in the midterms. And the Democrats stick to the talking
(22:09):
points of the cost of living is too high in
Americans need a raise, the American healthcare system is broken,
and insurance companies are corrupt and evil, no new wars,
and protect Social Security and Medicaid. Those four things are
the people. That is what people care about back at home.
That anyone that I talked to outside of Washington DC.
Those are the talking points that they want to hear.
(22:29):
And that's really what Mom Donnie was talking about on
the campaign trail. Now, the places where I differ with
him massively are regarding immigration. He's so far out there,
and also, you know when we're talking about Israel, you
know he is also way too far out there on that.
But on the campaign trail, when you're asked in a debate,
where would you travel first, and every candidate says Israel,
and he says, I wouldn't travel anywhere. I'm running for
(22:51):
mayor of New York, so I'm going to be right
here in New York City. That resonates with folks. So
you know, the talking points that he had over the
last four campaigns were are actually they were extraordinarily effective,
and they were smart and I'm curious to see how
the Democrats will follow there. But they were talking about
things that you've talked about, Steve, and that I did
on this show, and what Republicans should be focused on.
Speaker 1 (23:13):
Well, they what he did is took a form of populism,
and his radical ideas like the free transportation and the
and the food stores he tried to play down. He
tried to take and steal as much of President Trump's
platform as possible. Understanding, the Democrats have not put forward
a legitimate populist left, a poppytiest platform. And this guy
(23:35):
is a Jahattist, He's a he's a neo Marxist.
Speaker 4 (23:39):
Uh he is.
Speaker 1 (23:40):
It's the Red Green Alliance. You can see what's happening
in New York City. But the sophisticated level that he ran,
I mean, this is kind of Obama two point zero.
Because Obama was a total radical, right, this guy's a
beyond a radical. He's beyond Obama. But the way that
they're running, they understand that populism and populist policies are
the solution. That's why the House version, I mean, this
(24:03):
is gonna be a big fight. I don't see this
right now, and maybe I'm wrong. I don't see this
on the President's desk on fourth of July for a
signature unless the House gets back here quickly and they're
able to hammer some of this out with the Senate. Man.
Speaker 6 (24:18):
You know, I think that deadline is looking more and
more unlikely as well, and so which I have no
problem if they passed that deadline. You know, fine, I
just want this bill fixed and made in the most
America first model of what it is. This is supposed
to be President Trump's agenda in this bill, and so
I am really hoping that the House can get in
there and truly fix it. And then I hope that
(24:38):
the House and the Senate and then President Trump's team
focus on the campaign promises that they made to Americans,
and that is to focus on lowering the cost of
living in this country, which he really had he's been doing.
I mean, the price of gas has gone down, inflation
is going down. They've got to cut rates. But these
are all things that we need to be talking about
and not just constantly talking about these can using languages
(25:00):
in the bill and Iran and Israel now net and Yah.
Speaker 3 (25:03):
Who's coming next week?
Speaker 6 (25:04):
That's a whole another last week of messaging talking about
net and yeah, who's visit? Talk about America, talk about
the problems that Americans are having that they want fixed
that President Trump promised he would fix in which he
actually is. But we are getting distracted looking at these,
you know, uh, just constant overseas problems, and right now
we need to focus on the winds of President Trump
cauld deliver and has.
Speaker 1 (25:25):
Delivered, and not just that the net Yahoo, the New
York people understand this. I spent four days up there
looking at the data. It was a referendum on net Yahu.
Better you better understand this because bringing net Yahu to
the White House next week is horrible, horrible heart particularly
if we're in the middle of this horrible messaging uh,
because they still are bound and determined to do regime change.
(25:47):
The American people have zero interests in this. They just
want to Hey, we got it done. Took out the
nuclear program. President Trump ended the twelve day war with
a catastrophic strike. Game over. Let's take the win and
move on. Caroline? Where do you will get you on
social media? People want to follow you. Plea particularly is
this works up through the in the Senate and you're
hearing a lot of guys in the House, a lot
(26:08):
of people the members of the House starting to say, Hey,
this is gonna be tough to uh to swallow in
the House. So it's gonna be a big fight this week.
Where do folks go?
Speaker 6 (26:15):
Man, It is at Caroline Wrenn on Twitter, Getter and
truth social.
Speaker 1 (26:22):
Thank you, ma'am. I appreciate you. Philip Patrick, even as
we speak, is heading to La x the airport. He's
gonna be heading to Brazil for the for the Bricks
Nations their UH their their meeting in Brazil UH to
talk about the US dollar as the premier reserve currency.
(26:42):
Birch Gold dot com promo code Bannon the end of
the dollar Empire, seven free installments, Get up to speed.
We're gonna have Philip Patrick from lax in the six
o'clock hour before he leaves. We're hav him every day
from Brazil. Short break back in a moment.
Speaker 3 (26:59):
Really, he's your host, Stephen K.
Speaker 2 (27:01):
Bath.
Speaker 1 (27:04):
Okay, they just passed. So for instance, the parliamentarian is saying,
now you can't do the uh, you can't, you can't
do the illegal aliens. Yet we just did pass. I
think they blocked funding funding planned parenthood. Now I'm not
(27:25):
sure if that's for the whole ten years of the
one year. I think it's just for the one year.
But the US and has just blocked a measure that
required the Big Beautiful Bill to fund planted parenthood by
a forty nine to fifty one vote. That's positive today. Also,
you should know, and this is one of the reasons
we're not going to the floor all the time. Normally
had these voter ramas. It's one after the other after
(27:46):
the other. You know, they go all night, and they
go for a couple of days maybe, and it's completely
jammed with amendments. Debate on the amendments. This is going
a little you know, catches, catch can a little. Sarah Feris,
I want to report that there is zero rush by
the Senate to move along with these amendments. The last
amendment vote for Murray was open for forty five plus minutes.
(28:08):
It just failed. This is not your average vote rama,
usually overnight and much much faster. I think the reason
is that there's still debating things that are going into
this bill.
Speaker 7 (28:18):
Now.
Speaker 1 (28:20):
My understanding is that the reporting this morning on the
show about Marshall Blackburn actually working on some compromise with
Ted Cruz turns out it was essentially wrong. Marshall Blackburn
is down and she's kind of dug in. Particularly the
parliamentarian is not going to say that they can get
(28:41):
any compromise language she thinks protects children and content creators
on the bill on artificial intelligence, and right now my
understandings of parliamentarian just came back said the camp maybe
those changes, and so as it stands right now, and
we are a big advocate of calling your congressman, calling
your senator and saying, hey, there should be no compromise
(29:03):
in this. It should be the States. You know that
they should not block the States for ten years. This
moratorium against the States for ten years is absolutely uh
is absolutely outrageous, and it should be. And my concern
is not a lot of these people and Mike Davis
and others are putting up these issues about content creators
(29:24):
and the ability to you know, make sure they can't
take all of your information like President Trump's book out
of the deal and take it and use it for
machine learning and make people smarter and not have to
pay for it or not have to compensate for it.
So they're taking all this as free content. Certainly I
have an issue with that as a content creator. You know,
that's the type of thing to get worked out. My
bigger problem is that the States may be our bullwork
(29:47):
here about what's going on with artificial intelligence. Like I said,
you've got you know, more regulations on getting a nail
salon set up or hair braiding salon set up, then
you have on artificial intelligence right now. And this is
another bill passed by big tech. You heard Caroline ren
(30:07):
The only thing I think has really been passed of
any substance is this was this genius act on on
cryptocurrency that was really pushed by the tech bros. And
you see, right now you've got a tech bro Okay, fine,
you've got the tech bros that are that are are
pushing here. You see they're hiding behind Elon Moss or
they're ripping on President Trump right now calling for a
(30:29):
new third party. I don't think it behooves us in
the efforts we're trying to do here to try to
get this all put to bed. And look, nobody's in
love with this bill, the entire thing. It's got issues
to it, it's also got great benefits. You heard doctor
Stephen Myron at the at the very top, with the
economic growth that could come out of this, and that's
the bet that's being made at supply side. Joe Allen
(30:52):
joins us and Joe Allen. I think we're gonna try
to get some other people as the show goes on.
But right now I did have a chance to talk
to the Senator Blackburn, and she's pretty dug in that
she's not enthusiastic about any compromise on this unless it's
the only possible way out. But right now, she says
to parliamentarian, she doesn't think he's going to prove anything
that would be on any compromise, So there's not going
(31:14):
to be a compromise. Do you have any update on.
Speaker 4 (31:17):
That, sir, No, Steve, other than I have heard from
a reliable source that Blackburn is planning to stand up
to this, that she is not planning on compromising. I
think that her constituents should give her all the support
that she needs and make sure that she understands that
(31:39):
they do not want this federal preemption. They do not
want to have the federal government be the sole bulwark
against the various downsides of AI. I mean, you know,
we've covered this for four years. The war room audience
understands that everything from AI addiction with kids becoming kind
(32:03):
of brain dead due to reliance on it all the
way out to the dangers of AI powered weapon systems
and even having potentially some sort of artificial general or
superintelligence that would just be a civilization shattering transformation. You
want to have at the very least, whether it's the
(32:23):
most mundane algorithm or some dreamt of godlike AI. You
want to have the legal systems in place to hold
these companies liable, to actually insist on transparency so that
the systems are being tested consistently, so that we know
that if you hand a child laptop and say this
(32:44):
is your teacher, this is where you will learn about reality,
that the child is not going to be fed hallucinations
constantly and have their mind work all the way out
to the medical industry, where right now they're talking about
a kind of new medical ethic where one is considered
to be negligent, one is considered to be basically conduct
(33:08):
you know, malpractice as a doctor for not consulting AI
as some sort of justification for any diagnosis, any sort
of treatment. So, yes, Marcia Blackburn one hundred percent needs
to stand up. She's got Josh Holly on her side,
she has Ran Paul on her side, and of course
she has most of America on her side. The latest
(33:30):
poll from the Institute for Family Studies conducted with Yugov,
showed that Trump voters just isolating selecting for Trump voters,
that fifty five percent do not want an AI moratorium.
Fifty five percent. I'm sorry, fifty five percent want their
(33:51):
states to be empowered to make their own decisions and
conduct themselves into the future as they choose. So, yeah, Steve,
I think that Marcia, if she has the spine to
do this, she's going to come out a winner at
the end.
Speaker 7 (34:07):
Yeah.
Speaker 1 (34:07):
I don't know why Ted Cruz and this is another
thing of concernacy about Texas. That's the great state of Texas.
Why Ted Cruz is doing the bidding of the of
the tech bros. Here hangarver side, We've got Mark Bill
joins Joe, stay right there because I want to answer
about the conference we went to and what the sense
of the folks at the conference was. Mark Bill, can
you you help us on this. People are pretty worked
(34:29):
up about looking at keeping the States and any kind
of involvement in the States at all, and any type
of oversight or regulations of on AI. This is going
to be a very big deal in the Senate right now,
and they're talking about compromise. But we now know that
some people are saying, no, we don't want to compromise.
We want we want you know, no, we're not taking
(34:50):
ten years or not taking five years. We want no
years wants zero. Can you give us an update. Yeah,
it's a pretty dynamic situation now, Steve.
Speaker 8 (35:00):
It's funny that this one little line and the big
beautiful Bill has attracted so much attention. And I think
it's right that it is attracting this much attention. You
know this, all the industry leaders people are saying, this
is going to be one of the most transformative technologies
in human history, and it's probably worth a national dialogue
on how we need to be thinking about it. And
you know, the idea that we're going to put this
(35:21):
provision in the big beautiful bill and slow down the
president's agenda and give kind of the tech industry a freebie,
it seems a little bit kind of dissonant to me,
at least when it comes to what good policies should
look like.
Speaker 1 (35:36):
Well, this is why it was done. This bills nine
hundred pages long. You see the fights, and right now
Twitter is blowing up with these votes and where Republicans
are coming down on these votes right now, and it
looks I think secure Kupor over at Heal Coupour over
at CNN is saying, hey, the whole thing looks far
from a done deal, and we already know this is
(35:57):
not moving at the kind of pace you normally vote Ramas.
The reason is students having to put together almost on
an amendment by amendment, a different coalition. How did this
And the parliamentarian I think is sitting there going this
thing should have never been here in the first place.
This is a pure policy you know, this is a
pure policy change, and a massive policy change, and it
(36:18):
shouldn't be in a budget reconciliation, right, That's why she's
coming back and you know, enforcing kind of what the
rules are for these reconciliations. But this shows you that
people like Ted Cruz and those that are doing the
big bidding of the oligarchs are going to slip a
one page in with a you know, one paragraph two
paragraphs that could change American life, sir.
Speaker 8 (36:40):
You know, it would be one thing if the President
of the United States came out and said personally, this
is a big important priority for me. But we didn't
even see that AI policy appear once in his Statement
of administration policy, and so it's not clear to me
that the white that the President himself is really you know,
focused on this. I think he's got a big agenda
(37:03):
in the big beautiful bill. And at this point, you know,
we're slowing down the the implementation of of what the
American people elected the president to do over this kind
of very bespoke issue.
Speaker 3 (37:16):
And I think, you know, Joe or someone else.
Speaker 8 (37:18):
Mentioned that some of the polling and the American people
don't don't want to see a freebee to the industry
just to let it do whatever it wants. And it's
not you know, I saw a Secretary Leutink today tweeted that,
you know, it's concerns about just California and in the
liberal agenda. But as you pointed out, it's Texas, it's Utah, Georgia.
There are plenty of Tennessee, plenty of good conservative states
(37:40):
out there trying to get their arms around this, and
it's a bit of a head scratcher while we're trying
to undo all that hard work.
Speaker 1 (37:47):
Well, let me ask you. I think people in briefing
the president president understands that we're in a part of
this because of deep seek. We are in a race
with the Chinese Commanist Party. I think his you know,
he comes out and says, hey, I want us to
be a leader in artificial intelligence. I don't want to
find fall behind the Chinese. The artificial intelligence industry and
particularly the four guys that are at the lead of it,
(38:09):
including Elon, must be in one. They're using that as
kind of we've had the Sputnik moment. We can't have
any regulations at all. It's it's a matter of life
and death to do this. Do you agree with that
or do you think that's over sell.
Speaker 8 (38:24):
I think it's all about the relative velocity of the
United States and China, you know. I think the tech
industry has been selling to the Chinese all the capabilities
they've needed to be successful and to catch up to
us over the last you know, three to five years,
we've been hemorrhaging our capabilities to the Chinese. And so
the idea that some folks in industry want to say, oh,
(38:45):
we're scared about China and at the other you know,
turnaround and then sell them ours most sophisticated capabilities, there's
some logical, you know, questions that we might have in that.
So I do am I appreciate the concern that a
patchword regulatory regime impact our industry and.
Speaker 1 (39:02):
May slow us down.
Speaker 8 (39:03):
And that's why I think it's really urgent that the
Congress get itself together and start to focus on this,
and then also sort of slow down the flow of
our stuff over the Chinese and so that their military
is not weaponizing American tech against US. I think both
those two things would happen. This would help increase the
lead between the United States and China in a helpful
way that also allows us to think more deeply about
(39:25):
the impact of this and powerful technology on the American people.
Speaker 1 (39:31):
Can you hang on for a second, Mark and get
Joe Allenbeck in here in a moment, we're gonna take
a break. We've got Jackie Torborov and Dave Ramaswami. What
happened in New York I think, particularly below the surface,
has tremendous lessons to the MAGA movement and to where
this country is heading, because it's quite dangerous. Also, Dave
(39:52):
ram Oswami is going to join us to talk about
the education industrial complex. That complex is the tap root
of what happened in New York City. And you're gonna
be pretty shocked to how the recruiting was done, how
tax dollars were paid for it, paid for it, what
has really happened to these school systems and what it's
(40:12):
visited upon you. The situation New York is it ain't
deaf Con one, but it ought to be deaf Con
two and a half. It's it's it's that serious. So
Jackie's going to join us. Dave Ramaswami Russ gonna get
Phillip Patrick. Philip Patrick and the team are heading to
Brazil today. They're gonna get there to get ready for
the for the conference the Bricks Nations are meeting. They're
(40:33):
meeting for one reason, the think through. It's called the
rear Reset. They're thinking about what they're going to do
in relation to the US dollar. Learn all about it,
particularly gold as a hedge and why you need to
understand gold now more than ever. Birsch Gold dot com
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we're gonna have Philip Patrick live from Lax in the
(40:54):
six o'clock hour short.
Speaker 3 (40:55):
Break Warroo use your host, Stephen k Maas.
Speaker 1 (41:03):
You know, we started the show today with doctor Stephen Mirron,
the Chairman of the Council of Economic Advisors, walking through
the model. They're using a TU zero point eight percent growth.
You heard the supply side part of this all of
it's great, there is an issue that nobody debates, and
that is there's going to be a gap. Right we
think it's going to be a smaller gap, the CBO
(41:24):
and the Democratic is gonna be a bigger gap. That
GAP's got to be closed when they do it is
Doctor Myron talked about it, and increased tax revenue is
coming on on increased growth. If you've got a problem
with ther Irs, in their mind, they're going to come
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They've solved the billion dollars worth of tax problems. Yours
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do it today. Joe Allen, Joe, you went to a
conference this weekend. I know I'm gonna get you up
on Skype one day to get a better view, but
(42:30):
just give us a quick overview. How I couldn't make
it out there because I was in New York City
trying to figure out trying to figure out how not
to have a radical takeover the mayorship, and that's going
to be quite difficult. But tell us about the conference.
Speaker 4 (42:45):
Well, Stee, First and foremost, I got to say that
I was. I was at two conferences back to back
between Bozeman, Montana and somewhere in the wilds of Wyoming,
and both of them they insist that you come out
and at least say hi, but hopefully come out and
share your wisdom on stage. So the first was Nefcon
(43:08):
with Timothy Alberino, and I've got to say, you know,
I spoke at his Birthright conference two years before. Of course,
that audience is going to be much more prime towards
ideas of transhumanism, artificial intelligence, artificial superintelligence. But just in
the last two years, you can see this dramatic change
because people are now interacting with AI. Their jobs, are
(43:31):
insisting that they use it, their schools are starting to
roll it out as teaching tools. It's becoming just the norm.
And of course you're seeing it in the military. You're
seeing it being pushed into the government with Talenteer and DOGE.
So the awareness is just so much keener now than
it was two years ago. And you know, statistically, if
(43:51):
you look at the polls, if you look at the surveys,
Americans by and large don't want to incorporate AI into
their lives. They don't want want to have AI as
some sort of tool that they're forced to use all
the time in their jobs. So, you know, when it
gets to the legality of it, the ability of states
to regulate it, or the federal government incorporating it, most
(44:14):
Americans are not comfortable with this. And I hope that
politicians in Congress and in the administration are starting to
see that this is not something that is for the people.
This is something that is being pushed by a very
very tiny minority of billionaires and their technologists and the
smaller camp of transhumanists. The second thing I just want
(44:36):
to say though with Wyoming just I can't really talk
about who was here, but I will say that a
number of people who are deeply involved in the tech
industry and also writers, a lot of artists, the same
sort of sentiment even among technologists, this extreme discomfort. At
the very least, you have a small handful of tech
(44:59):
oligarchs determining all this. Nobody wants it, and that's really
the point. Americans don't want it. The tech companies do.
The politicians really need to reflect our interests, not theirs.
Speaker 1 (45:14):
Joe, how do people get to you? We'll get you
back up when you get to a location in the
next couple of days. Where do people go in the interim?
Speaker 4 (45:20):
Sir at Joe bot x y z on social media
and Joe bought dot x y z substack. Thank you
very much, Steve, I will talk to you soon.
Speaker 1 (45:33):
Thank you, and I'm glad you represented us well at
the conference. It's really proud of you, Mark Beale. This
is one we should what they try to slip in
on one page. We should have a national debate over correct.
What would you recommend that the audience do right now
in order to make sure their voice is heard about
this AI moratorium in state's got to take a tenure
(45:55):
a decade and not do anything, no regulations all on
artificial intelligence. What are your thoughts?
Speaker 8 (46:02):
This is the most important issue of our time and
the American people have to have a vote, have to
have a say. You know, we the same of the
arguments that they're making right now sound and awfully like
the arguments they use with NAFTA, and you know that
that does enfranchise a lot of people. And the most
important things that we need to do now is get active.
Get on the phone, Call your congressman, call your senator,
(46:22):
let them know that you care about this issue. You
care about it deeply. And I think that's the way
that we're going to move the needle. We need a
grassroops uprising to start engaging at picking up the phone
and making sure these politicians understand that the people have
an interest and have a say and they want their
voices heard.
Speaker 1 (46:39):
Mark, you're leading an organization now, you dedicate yourself to
this effort. Where do people go, sir?
Speaker 8 (46:45):
Our organization is called the AI Policy Network, and you
can find us online at AI theaipn dot org.
Speaker 1 (46:55):
Brother, thank you and thank you for jumping on here
to say we're going to get you. This one's a dogfight.
It's going to go through the night and probably tomorrow,
so it'll be what will be hunt you down in
the morning, sir, get your seed. Thanks Mark Biale. They
got do I have Lindell. I've got the Mike Lindell.
I go from artificial intelligence to Mike Lindell. Mike Lindell,
(47:16):
you save the company. You save the company. Now sell
us a pillow or sell us a sheet. Tell some
of these sheets. People want to support you. They love
the facts that you're back, and they love the fact
that you live to fight another day.
Speaker 7 (47:28):
Sir, Well, thank you Steven, Thank you Warroom Polsi. You
guys made it all possible. And I'm back in Minnesota.
I was down at my factory today. Remember we've got
the new Prekale sheets. The whole line came in. These
are the higher thread called Perkale sheets. We're doing just
as just for today now tonight. This is the last
few hours of that sale. Well, I wanted the war
(47:49):
Room posse to get it for the wholesale price twenty
nine eighty eight. They're normally seventy nine ninety nine dollars,
any size, any collar and for twenty twenty nine eighty eight,
doesn't matter if it's king size, queen size, split kings.
Go to the website, you guys, this is just a
few hours left. Click on Steve. There there's the twenty
(48:11):
nine eighty eight. There's going to go up to the
regular sale price, which the rest of the country is planned.
Speaker 2 (48:17):
You got the.
Speaker 7 (48:17):
Fifty percent off crosses. I just got those in my office.
The new ones just came in there. Check those out.
And all of the stuff we have on sale, the
big ticket items, we left them on sale for fifty
percent or more. That's the beds, the mattress toppers, the
mattress pads, all of it made in the one hundred
percent in the USA. Get those big ticket items. But
(48:38):
you guys called downstairs, I had fun this morning. Eight
hundred eight seven three one zero six to two. Get
yourself a seventy sheets. I'm gonna go down there right
now and take phone calls with my crew.
Speaker 1 (48:50):
Take a car.
Speaker 7 (48:51):
We've been having a great time here. It's like a telethon.
Steve trumb Co War.
Speaker 1 (48:55):
We got a jump back in a moment
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