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January 10, 2026 49 mins

THE WAR ROOM WITH STEPHEN K. BANNON - JAN. 10th, 2026

GUESTS:

SCOTT BESSENT

JOHN GARDNER

REP. BRIAN HARRISON

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Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
So we're lowering that to three thousand, and we're also
targeting the two counties here, and we're going to do
enhance surveillance. And from now on, anyone who wires money
out from one of these money service businesses has to
check a box saying whether they are on public assistance.
And if you were on public assistance, we are going

(00:22):
to start pushing that you cannot wire money out of
the country.

Speaker 2 (00:25):
Oh gosh, what if they lie and they don't.

Speaker 3 (00:27):
Tell us lits, Well, then that's a crime federal form.

Speaker 1 (00:32):
We're going to follow it up, and we are going
to push that you can no longer do that. The
American people, our generosity has been taken.

Speaker 3 (00:41):
Advantage of our generosity is funding El Schabob in Iranian interest.
It could be well, the money, this is really bad.

Speaker 1 (00:48):
The money is supposed to go for alleged asylum seekers
and their families and children. And if you were wiring
the money out of the country, one of two things
must be true. You are getting too much money and
your benefits should be cut, or you were part of
this conspiracy. Where did that money come from? We're going
to find it out. That's what Treasury does. IRS has

(01:10):
a group called Criminal Investigations. President Trump is committed to
restoring accountability to put Minnesota back on the right track.
Under President Trump's leadership, the entire administration is focused on
delivering results for the American people. Our citizens have a

(01:30):
right to know that their tax dollars are not being
diverted to fund acts of global terror or to fund
luxury cars for fraudsters. Democratic Governor Tim Waltz has allowed
welfare programs and fraud to spiral, spiral, out of control,
out of control. Billions of dollars intended for hungry children,

(01:53):
housing for disabled seniors, and services for children with special
needs were diverted to people who cheated the city, some
of whom are not even American citizens. At Treasury, we
are thoroughly investigating the fraud, including funds sent to Somalia
through money service businesses, which provide financial services outside of

(02:16):
a formal bank.

Speaker 2 (02:27):
This is the primal scream of a dying regime.

Speaker 4 (02:31):
Pray for our enemies, because we're going to medieval on
these people.

Speaker 5 (02:36):
There's not got a free shot.

Speaker 2 (02:38):
All these networks lying about the people. The people have
had a belly full of it.

Speaker 4 (02:43):
I know you don't like hearing that I know you've
tried to do everything in the world to stop that,
but you're not going to stop it.

Speaker 5 (02:47):
It's going to happen.

Speaker 2 (02:48):
And where do people like that go to share the
big line?

Speaker 1 (02:51):
Mega media? I wish in my soul, I wish that
any of these people had a conscience.

Speaker 4 (02:58):
Ask yourself, what is my task and what is my purpose?

Speaker 2 (03:02):
If that answer is to save my country, this country
will be saved war Room.

Speaker 6 (03:09):
Here's your host, Stephen K.

Speaker 4 (03:11):
Bath, Saturday, ten January, y're Veller, twenty twenty six. We're
gonna get to in a moment what is happening in Minneapolis,
also Grapevine, Texas. This amazing conference we had yesterday topped
off by Gert Wilders, Glenn Beck and myself, Grant Stinchfield

(03:36):
and others about the isamalization of Texas. We're going to
get to all that in a moment and also talk
to you about the launch of War Room Texas on Monday.

Speaker 5 (03:47):
But first, the Secretary Treasury joins us.

Speaker 4 (03:50):
You know I talked about last night in my speech
in Grapevine, the tailor of three cities, Tehran, Minneapolis and Grapevine, Texas.
But Scott with you, You mister Secretary, it's really two
Tales of one City. We had you there and we
covered this wall to wall. Your your amazing speech, I think,
to the Economic Club to talk about the economy. Then

(04:12):
you toured various factories, you had roundtables, you stayed there
for two days. You had the great Laura Ingram out
there with you, incredible interview and Laura showing an enormous bravery,
you know, dealing with that mob out there.

Speaker 5 (04:26):
But can you just give me your assessment?

Speaker 4 (04:29):
And right there at the end of spontaneous combustion in
a restaurant where the good citizens of Minneapolis, I think
are telling us, hey, this is the guy that's Trump's
guy on the economy, and we're kind of liking what
we're seeing. And I don't remember. I think the first
time in the history of the Republic. Might maybe it
happened to Hamilton back at the beginning. I don't remember

(04:52):
anybody and any audience or or just customers, basic Americans,
decent Americans breaking out in USA.

Speaker 5 (05:00):
Chance when a.

Speaker 4 (05:01):
Secretary Treasury walks into a restaurant, just tell us the
two Tales of One City, because we saw following you
one and then we had the Pasobas out there and
Julio and others with these riots. And then last night
couldn't have gotten more dangerous. One thousand Antifa surrounded the Hilton,
broke into the hotel. I mean, really kind of potential.

(05:22):
You wanted to hold the ICE agent's hostage. Your thoughts, sir.

Speaker 1 (05:28):
Steve, good morning, Good to be with you. And look
what we're seeing out here is what's going on in
larger America. It's a tale of two Americas. We've got
people who gather for college football over a Saturday, go
to church on Sunday, and then we got these protesters
who have nothing to do except attack ICE agents, whether
it's in Portland or Minneapolis. And I can tell you

(05:50):
there is this big silent majority, big silent majority. When
I was in Maynard's Restaurant on Lake Wisetta ar Lake, Minnetonka,
and spontaneous combustion, people started channing USA. And that wasn't
for Scott bessen't the Treasury Secretary. That is for the

(06:11):
MAGA movement, that is for the Trump presidency. They love
what's doing, what's happening. They see that the economy is
getting better. They see that President Trump has saved this
country and they like his policies. He secured the border,
he's made free trade fair trade, and now this year
we are going to see the economic benefits and it

(06:35):
couldn't be different. Minnesota nice has taken advantage of. My
sense is that the people of Minnesota, having been very generous,
are now feeling abused and used and they want answers.

Speaker 4 (06:51):
Missus Secretary noticed in the time of known you as
a friend, You've been a colleague and a contributor here,
known you for years and then going to be Treasury
sector running this huge church fund. I want to go through.
What message did you tell the business leaders and the
companies and you're a listener, what feedback did you get
from the business community of Minneapolis and the different entrepreneurs

(07:14):
you went around us all. What feedback did you get
any mid course guidance, any recommendations?

Speaker 5 (07:20):
What are the folks at Minnesota tell you?

Speaker 1 (07:24):
Well, folks out of Minnesota, the business people here, we
are in the great American industrial heartland, and it's the
exact kind of businesses the President Trump is trying to
bring back. There are gigantic family owned businesses here, and
Tim Waltz and almost a generation of Democratic politicians have

(07:46):
taken advantage of the fact that these folks are not mobile,
that their families have been here, maybe multi generational, Maybe
they moved here in the seventies, eighties, nineties. Up until
the early two thousand, Minnesota was business friendly. Now it
has the second highest corporate tax rate in America. They

(08:08):
are feeling besieged and they think that the government isn't
on their side. I was at a very large home
products a factory called Cambria, and the owner there could
not have been more grateful for the TIFFs, and he
said there's still more to do on trade, that if

(08:29):
we could bring his Southeast Asian competitors into fair trade,
that he could have three to four more factories the
size of his to supply the US building industry. But
he says that whether it's Chinese, the Indians, the other
Southeast Asian competitors keep copying his products and trying to
undercut him. And prosident Trump has helped save his company.

(08:52):
And I believe it's eighteen hundred jobs here. So we're
hearing the same thing from everyone. They love the one
big beautiful bill, the expensing one hundred percent expensing provision
has made new investment possible. I was at Winnebago, and
I guess they are very innovative. They are trying to

(09:15):
design what their customers want. A lot of that has
to do with batteries, and they've undertaken a big battery
initiative research development center down in Florida. And they would
not have done it without the President's one hundred percent
immediate expensing that was in the July fourth bill. So

(09:36):
we've just got to sit back. The manufacturing renaissances beginning.
I saw I did a roundtable with community banks. I
saw the largest bank out here, US Bank Corp. And
they said, contrary to the New York Times and even
the Wall Street Journal this morning, that their clients all
up and down the economic chain are in excellent shape.

(09:58):
Consumers are spending. So this narrative that the job market's
tough and that people are pinched, they've never seen it before.
If the consumer is spending like.

Speaker 4 (10:09):
This, what is the Wall Street Journal seems to Are
they looking at a different set of numbers because they've
been consistently I think negative on everything is happening. I mean,
I look at the math and I come to a
very different conclusion.

Speaker 5 (10:25):
They look at.

Speaker 4 (10:26):
I think the same math that you and I look at,
they come to a different conclusion.

Speaker 5 (10:30):
How do you how do you reconcile that?

Speaker 1 (10:36):
Look, Steve, that a any data set is an average
or media and a central tendency, and there can be
outliers in the data. They just immediately gravitate to this
doomsday scenario because the Wall Street Journal editorial board can't
stand the president's policies. A bunch of grumpy old men

(10:57):
over there do not want to admit that they have
been fantastically wrong. Everything that they have stood for is crumbling.
That they created this terrible trade situation. I mean, look, look, Steve,
in October we had the best trade number, the smallest

(11:18):
trade deficits since two thousand and nine. I've been in
the investment business thirty five forty years. When I first
started nineteen eighties, nineteen nineties, trade used to contribute to GDP.
But then we got to these massive trade deficits and
it was ross Barrow said it was a giant sucking sound.
So everyone was, oh my gosh, what it was unexpected

(11:41):
that the GDP was so strong in October. It was
strong because of exports, and again, what's not going reported
anywhere is that the trade deals that President Trump has done,
and Jamison Career has negotiated the details in a magnificent way.
Magnificent way is the headline is always the tariff. The

(12:02):
US has put a fifteen percent tariff on You're fifteen
percent tariff on Japan, eighteen, nineteen, twenty percent on Philippines, Indonesia, Vietnam.
The other side of that, Ledger Steve, is why we
saw that big GDP number, because Jamison is going in
with a machete and with President Trump's backing and insistence,

(12:24):
our trading partners are taking down their high tariffs down
to zero. They're removing the non tariff trade barriers, and
that's why we're seeing this export flow pick up, and
nobody wants to talk about that. The other thing, too, is,
as I've said many times, that the Trump economic oh go.

Speaker 4 (12:43):
Ahead, no, no, no, no, what just one thing went the
Trump economy of the day, and once you reave, they
had exports up thirty percent, imports down thirty percent, smallest
trade devilicit we've had in decades. And the Financial Times
of London and the Wall Street Journal will just not

(13:03):
take that basic number and just address it. Also the tariffs,
there's been no uh, there's been no data at all
this show. There's been any price increases. Joe Lavarney said,
your your guy over Treasury, We're about to have a
disinflationary boom, which is extraordinary.

Speaker 5 (13:21):
I tay Scott Hanger.

Speaker 4 (13:22):
For one seconds, the Secretary, We're gonna go to commercial
break to pay a few bills here. The Trump Economic Plan,
which is a combination of the supply side tax cut
to bring manufacturing jobs back to the United States, coupled
with his trade the reorganization of commercial relationships globally from

(13:45):
the post war economic rules based order, which only ripped
off workers in the American citizens. Uh that now the
tariffs as a forcing function, remember either going to force
you to bring manufacturing jobs back here. Remember we had
the Secretary on I think about a month ago, right
before I think the Christmas holidays. He was in South

(14:06):
Carolina of I believe a Germans had put in some
advanced technology I think was in magnets.

Speaker 5 (14:15):
Right, That's that's what the terrfs for.

Speaker 4 (14:17):
And now you see that exports are up thirty percent,
imports are down thirty percent. There's no discernible inflation through
the tariff numbers.

Speaker 5 (14:26):
What's not to love. This is the execution of the plan.

Speaker 4 (14:30):
And this is why the doom and gloomers at the
Wall Street Journal, the Financial Times of London, the Business
section of the New York Times, Bloomberg. I'm just picking
some random, random examples. Short commercial break, We're going to
return to the War Room and the Secretary Treasury Scott
Bessant on some basic math of the Trump economic revolution.

Speaker 2 (14:54):
Next America.

Speaker 6 (15:00):
Room, here's your host, Stephen K.

Speaker 5 (15:03):
Bath M's the Secretary.

Speaker 4 (15:10):
You were You were on a roll there about what
the what the trade policy has done in combination. I mean,
that's the two that's the pincer move. You got the
commercial relationships, the trade policies. What's blown me away is, uh,
first off, just the history of it. Then the first
term how difficult it was because these things are so complicated,
they're such scale, and they've gone through you know, so

(15:33):
many different operations in the government have to sign off
on it. I don't think people quite appreciate the urgency
you people had to actually start to get trade deals
in place in six months and actually start to see
the benefit of Normally these things take years. It took
years to negotiate previous trade deals with Korea and Japan
and others. You guys are doing them in six, seven,

(15:55):
eight months and having them going to immediate impact. And
then my it and you're seeing not just capital markets respond,
but also corporations respond, Sir.

Speaker 1 (16:09):
Steve. President Trump's economic agenda is a three legged stool
that I've talked about quite a bit before. So the
first is trade. We've talked about that. Trade deals are
on track, successful percolating along tax policy. Another leg of
the stool, one big beautiful bill. No one said it
could be done. It was done by July fourth, with

(16:33):
President Trump's leadership and Mike Speaker Johnson Leader Thoon pushing
both bodies of Congress to get that done. So check.
And then three, the unheralded part, or the third leg
of the stool is deregulation, and deregulation against all parts

(16:55):
of the economy. Because when I'm out here in Minnesota,
these folks like making things like this is a manufacturing hub.
They are great at it. They innovate, they build, and
that's what they want to do. And with the deregulation,
I think one of the surprises for me coming into
government was how hard we had made it in the

(17:16):
US to build things like forget the unfair trade. The
EPA had just chased everyone out of the country in
terms of the manufacturing. So yes, it was cheaper to
build than China, India, Mexico, but you just couldn't build here.
And President Trump Lee Zelden at the EPA is knocking

(17:37):
down those barriers. At Treasury, we have cut back on
unnecessary financial regulations. We're going to keep things safe and sound.
But Oliver Wyman estimates that our moves and deep financial
deregulation have the increased the ability for banks to lend

(17:57):
by two point five trillion dollars to the US economy.
And then energy deregulation. In terms of what we're doing,
we've got to power this boom that we're seeing in
the economy. Steve, Right now, if you take the Atlanta
Fed GDP now and the implation numbers, we have eight
percent nominal growth, eight percent nominal growth. We're holding spending flat,

(18:22):
and we are going to grow our way out of
this debt problem. The unheralded thing that happened last year
was we'll see where the final calendar year number settles
but the US deficit for calendar year twenty twenty five
is going to be between two hundred and fifty billion
and five hundred billion lower, so between approximately one percent

(18:45):
of GDP and one and a half percent of GDP.
And that's with high GDP numbers. So the third quarter
GDP that's surprised everyone was four point three percent. The
private sector GDP was four four point seven or four
point eight percent. We cut government spending, so we had
a contraction in the government and the private sector boom

(19:08):
is powering this thing. It is the It really is
kicking in, and I think twenty twenty six is going
to be even better because I'm also the IRS Commissioner,
so I can see the tax refunds that are waiting
to go out to Americans. One of the things I
announced at the Economic Club of Minneapolis was we're starting

(19:28):
the tax filing season about the earliest we've done in
a decade January twenty six. And these refunds to working
Americans because of the President's signature policies no tax and tips,
no tax in overtime, no tax and solid security. Auto
deductibility of American made cars is going to result in
over one hundred billion, maybe one hundred and fifty billion

(19:49):
of tax refunds going to working Americans in the first quarter.
Americans will change their withholding schedule and they will get
an automatic bump in their take on pay. So I
am very optimistic that where you're going to have substantial
non inflationary growth, as Joe Lavornia says, they have four

(20:09):
to twenty twenty six.

Speaker 4 (20:14):
I noticed President is taking a pretty strong populist drive
in the last couple of weeks. I mean, he is
a populist, but going after talk to me about it,
looks like the private equity guys no longer.

Speaker 5 (20:27):
He's going to try to block him from.

Speaker 4 (20:29):
Buying homes, getting into the real estate market maybe I
think condos and apartments maybe. Also yesterday say he's going
to limit credit cards to ten percent. He had the
oil companies that are talk about Venezuela, but he's also
hammered in them, jaw boning them about full spectrum energy dominance.
He wants he wants price of energy even to come
down more. Talk to me about these things that are

(20:50):
happening right now. The President Trump's directly going after the
affordability issue.

Speaker 1 (20:58):
Yeah, Look, he wants corporate America to get on board
with the American people and think about what's happening in Venezuela.
We'll see what happens in Iran. And he had mostly
big oil in but I can tell you that I've
been part of the talks private oil companies, the wildcatters,

(21:19):
and these are substantial individuals. They are chumping at the
bit to get in. And CEO of Exxon came out
and said, well, we need to see substantial change in
Venezuela before we can do much. There is substantial change
in Venezuela. And you've got to live in the future
because what will happen just like with fracking. Just like

(21:39):
with fracking, that the individuals come in, they make billions
of dollars, and then they sell on to the oil majors.
So I think this narrative that the big oil won't
be involved. These wildcatters are big oil. And then Chevron,
who has been a fantastic partner over the years in
dealing with Venezuela with the sanctions, they've really managed a

(22:03):
difficult regime really well, is going to do more. So
my senses, the Chevron will have the lead there and
then these other initiatives. Of course, private equity should not
be buying single family homes. They have a huge tax
advantage over individual buyers. And everyone says, well, it's not

(22:24):
that much of the market. I've been in markets thirty
or forty years, and markets are made by the marginal buyer.
And many of the real estate markets that have seen
the most inflation, whether it's Atlanta, Phoenix, a lot of
those Southeast markets and Western markets are where private equity

(22:45):
is most prevalent. So we're not going to make them divest.
We don't want to cause a dramatic price decrease, but
we want to make it fair for everyday Americans, and
we don't want there to be a tax arbitrage between
corporate buyers and homeowners.

Speaker 5 (23:05):
Missus.

Speaker 4 (23:06):
By the way, you're correct, Harold Ham was saying, hey,
let me in the country and I'll show you. I'll
go find you some good cheap old Denezuela. MISSUS Secretary,
about this debacle in Minneapolis, I think it spread. It's
all over the country, this thing about the fraud, the
scams really paying for the left. But you know, these
immigrants or migrants, whatever you're gonna call them, shouldn't be

(23:29):
on the government doll but they are stealing like crazy,
shipping hundreds of millions of dollars out. I know the
President you have talked about that a lot. You're kind
of the enforcer. Can you give us your overview of
what you at Treasury are going to do, Sir.

Speaker 1 (23:44):
Steve. Treasury's job is to follow the money, and we've
done it for centuries and in the twentieth century and
coming into the twenty first century, we've taken down the mafia.
We are in the process of the dissecting and taking
apart the Mexican drug cartels, following their money. And now

(24:06):
we are taking a very bright light to these Somali
fraudsters and we will follow the money. We will know
how this happened, we will know where it went. We
will know that if al Shabab was a recipient. And
we've taken several measures. One we are putting in a

(24:28):
geographic targeting order for the Hennepin and Ramsey Counties Minneapolis,
Saint Paul's where these Somalians live. A lot of the
money goes out through what are called MSB's money service businesses.
They get wire transferred out. So what we've done, we
are taking the suspicious activity threshold down from ten thousand

(24:49):
to three thousand dollars. And Steve, the important thing now
you have to check a box if you are wiring
money out of the country on whether you are on
public assistance or not. Because if you are wiring money
out of the country and you're on public assistance, one
of two things must be true. Your benefits are too high,
because the generous people of Minnesota are giving you those

(25:12):
benefits for you and your family. They are not giving
them to your uncle in Mogadishu. So either the benefits
are too high or you're part of this the nest
of fraud, and neither is a good look. But we
are going to trace all of these LLCs and where

(25:35):
the money is. Someone put it very very well yesterday
said that the care payments have become a big business.
It is a cottage industry out here teaching people how
to form LLCs. They're skimming money at every point, and
make no mistake, the Democratic establishment. Best case they turned

(25:57):
to blind eye, the medium case they enable it, and
worst case, we are going to find that they are recipients.
And Steve, Minnesota is going to be the genesis for
the protocols that we use nationwide.

Speaker 4 (26:19):
Ms A, Secretary, where did they go on social media
to keep up with you and your activity?

Speaker 1 (26:23):
Sir? They can go onto my Treasury X account and
at the Secretary US Treasury, and we're going to be
posting a lot of our findings on there.

Speaker 4 (26:41):
Mister Secretary, thank you for kicking off the weekend by
Jordan Warre.

Speaker 5 (26:44):
Appreciate you, sir.

Speaker 4 (26:46):
Fight on godspeed, good good short breaks war Room.

Speaker 6 (27:00):
Here's your host, Stephen K.

Speaker 2 (27:02):
Bah.

Speaker 4 (27:06):
Okay, we're gonna get to Texas momentarily in Minneapolis. Tihran
all of it, but I want to get John Gardner
on here. John, it was a and you represent. You've
got this organization about small manufacturing. You're talking about a
small manufacturing renaissance in this country. You've been part of
the Peter Novara, let's say, mindset on bringing manufacturing or

(27:26):
rejuvening manufacturing in the United States. It was a year
ago tomorrow that you approach it. You had the great
idea of the External Revenue Service. Now the President has
had that designated. They're working on it over at Treasury,
and the President's talking about a trillion dollars coming in
on tariff so you think you've had a pretty good
first year, sir.

Speaker 2 (27:47):
Yeah, I think we've had a great year, especially you know,
the business media casts a light that, oh rate, we
have two point two trillion dollars paid an income tax,
and that's too much to replace. However, the thing that
stands out to me is at six hundred billion by
twenty twenty two numbers, is what ninety percent of the
lower income taxpayers pay in America. Imagine replacing ninety percent

(28:11):
of the income tax that Americans pay. How much that
would help the working families in the middle class. And
I'm with you, Steve, I think you've called for Hey,
taxes on millionaires are okay, but let's help the working
class and the people trying. You know, we're an extra
five hundred bucks a month really gets them a lot farther.
And we can replace six hundred billion of that easily.

(28:32):
And you know, I want to remind the president here
he posted this on Truth last year where he said
he was creating the External Revenue Service on January twentieth,
twenty twenty fifth, and that for far too long we
have taxed our great people using the internal Revenue Service.
And he's really trying to steer America back to the

(28:52):
original vision the Founding Fathers had. The Founding Fathers never
intended for the citizen to be an indentured servant to
the government, and they prove this income tax was never
a conversation with the Founding Follows. Ever, the very first
legislative act they passed was the Teriff Act, and they
passed on July fourth, which had a lot of meaning
for the Founding Followers Independence Day. And that first major

(29:14):
piece of legislation said, whereas it is necessary for the
support of the government, for the discharge of the debts
of the United States, and encouragement and protection and manufacturers,
that duties be laid on goods, wares and merchandise imported.
So they never had a plan to punish the citizen
and garnish their wages. And I want to ask the audience,
who may believe in, you know, be anti tariff, what

(29:39):
is a truly more limited government, what provides more personal
liberty to the citizen. It's been pitched to the American
people that when you go to the store and you
can choose from Chicon products or products from India and
you don't pay a tariff, that's more personal liberty and
you have more freedom of choice. But I say, and
President Trump is going to say and prove that you

(29:59):
have more more freedom of choice when you can choose, Hey,
I'm going to buy a foreign good and I choose
to be tax or I'm going to buy an American
made good and choose not to be tax and not
pay income tax. That is a truly more limited government
when we remove income tax on a citizen and we
pay our bills with external revenue. And you know, you

(30:20):
know what is more freedom of choice buying something and
saying I choose to be tax or buying an American
made good and saying I choose not to be tax
and not have income tax. And so that's why I
believe external revenue and tariffs actually are more limited government,
and they actually are more personal liberty for the citizen.
And on the note of personal liberty, the sixteenth Amendment,

(30:40):
which created income tax has no boundaries on it. The
eighteenth Amendment was passed prohibiting alcohol or what and we
repealed it. And the main reason we repealed the prohibitional
alcohol was because personal liberty. And I think it's time
we started to look at putting some parameters on the
sixteenth mind, and it's intrusion in the citizen's life. And

(31:04):
I think you know what's fascinates me the most, Steve
is how did we get you know? Andrew Breitbart said
politics are downstream of culture, and how did we get
to the point in America where you know, this is
a nineteen nineteen ad from a toy maker, and he says,
for your country's sake, buy American made toys. Be a
partner of Uncle Sam, of all American industries. See that

(31:26):
your money is helping American grow. Buying foreign toys. Won't
do it that way. Your money goes overseas and doesn't
come back. By insisting on American made toys. Your money
stays here, every bit of it, to work for your
own country and for you. But now we're at the
point in the business culture that we have a toy
maker suing the President and his administration because of the terroiffs.

(31:47):
And now it's in front of the Supreme Court. Where
is the patriotic and moral fiber of the business culture
in our American I believe it was eroded with this
embrace of unilateral free trade. Now I believe in free
trade within the borders of our nation unilateral free trade
and will it means that no matter what another country
does to us, no matter how much they tariff us,

(32:09):
no matter how much they still are intellectual property, we
do nothing. And this was advocated for. And this is
where the cultural disconnect and we need the next generation,
the turning points and the prager use and all the
next generation to get this cultural shift away from tariffs
are bad. And there let there be no doubt that
Milton Freeman when he called for no tariffs, he called

(32:31):
for no unilateral tariffs. He says, this is capitalism freedom,
page eighty eight. I believe it would be far better
for us to move to free trade unilaterally. And he
went on and on about no matter what another nation does,
But he didn't calculate what is the true cost of
unilateral free trade. He didn't calculate the cost of national security,
the cost of intellectual property, theft with communist China, which

(32:54):
is the greatest transfer of wealth in the history of civilization,
the cost of our you know city he's dying, you know,
the meccas of industry dying, and having the societal cost
of paying for homeless people and paying for drug red
have clinics, those were not factored in the cost of
supply chain issues. And so, you know, I think that

(33:14):
we need to change our definition of free trade and
unilateral free trade to America first free trade and America
first capitalism. In my book, I define America first capitalism
as a production based economy protected by a wall of terrorists,
accompanied by free trade only within our borders. And the
last note, because I don't want to go on too much,

(33:35):
is you know, free trade really erodes the freedoms that
capitalism builds. Unilateral free trade does so much so, in fact,
that Karl Marx encourage free trade. In his eighteen forty
eight speech on free trade, Karl Marx said, the free
trade system hastens a social revolution. It is in this
revolutionary sense alone, gentlemen, that I vote in favor of
free trade. Free trade breaks up old nationalities and push

(34:00):
the antagonism of the proletariat and the bourgeois to the extreme.

Speaker 1 (34:03):
Point.

Speaker 2 (34:03):
Is that is that not what's happening in America today?
And under free trade the whole class of small manufacturers
is ruined and thrown into the ranks of the working class.
This is a direct quote from Karl Marx This is
all happening in America today, and you know it's it's
no one who cares about America should desire the ruin
of the whole class of small manufacturers. So people who
side with unilat of free trade are siding with capital.

(34:26):
Karl Marx he thought free trade would hasten the fall
of capitalism. So I'm really excited to see how President
Trump's steering us more in alignment with the founding Father's
vision for America and away from the economist dodma that has.

Speaker 4 (34:41):
Really yeah, no, ahead, real quickly, because we've got great
you know, we got thirty percent export growth, thirty percent
import drop, the smallest trade deficit we've had. The big
guys are on board. How are we going to revolutionize
for the small? What I love about you is your
rent as ants of American industry in manufacturing through I

(35:04):
think people that have factories with fifty employees or less
manufacturers the way the country used to be, and these
little job shops.

Speaker 5 (35:11):
Do we how do we rejuvenate that?

Speaker 2 (35:14):
Well, the numbers are ninety percent of American manufacturing companies
are fifty employers or less, seventy five percent or twenty
employees are less. And this is the one that always
gets me. Forty eight percent of American manufacturers are five
employees or less. And that's really you know, President Trump
just kind of said no dividends and no CEO pay

(35:36):
for the big primes and because he was wants them
to speed up their production. And that's great. I agree
with that. But where their snat, where there the bottleneck
is in the supply chain is with the small manufacturers
because they're the tier two, three, and four suppliers that
the big companies rely on. The big companies, a big
factory doesn't they don't make everything, they don't make all

(35:57):
the inputs that go into their stuff. And so you know,
Secretary Headseteth was just out here touring the big factories
in El Segundo and around and there doesn't seem to
be an understanding of what the small manufacturers need and
that they are the true engine of production in America.
And you know what we need is access to capital.

(36:19):
You know, the SBA, I'm sorry to say, I don't
like to say except things, but they really haven't done
much for the manufacturers. They increase the line that you
can get from five million to ten million, which a
lot of guys that are five and twenty man shops
don't need They waived fees if you're in a certain
NACE code for barring big deal. It's ten to twenty
grand amateurized over twenty five years. And they have this

(36:40):
new loan, the Mark loan, which basically just has manufacturing
the title. It's the same as a former cap line loan.
And here's the biggest thing. It needs lender adoption. That's
the big thing. SBA can do everything they want, but
lenders need to adopt the agree to lend it like this.
And first it needs to pass Congress. So we're looking
at a year or two out that's going to be

(37:00):
three quarters of the way through the administration. We need
to do something now to get capital to the smaller manufacturers,
and some of the policies have you know, we need
to build refining capability here in America because material prices
are going through the roof for the manufacturer. And I
know for a fact from a lot of my guys there,
it's limiting hiring with an industry. You know, manufacturing employment's

(37:23):
going down. Manufacturing industry itself has been in contraction for
the last ten months. I'm sad to say. I think
that a lot of I think President listen, President Trump
is doing his job. He's building, he's getting us cheap energy,
he's out there getting rarer deals, He's getting the foundational
building blocks for a manufacturing economy in place. He's only
one guy. He can only do so much. The rest

(37:46):
of the administration needs to follow his mandate and really
understand that if we want to get manufacturing going, it's
the smaller guys. But you know, President Trump is the
man who is doing as a person, is doing his job.
He can't do anymore. But I think there's a I mean,
how many voice is in the administration are for small manufacturers?
I mean, you know, how many of them have owned
manufact small manufacturing companies, not c Sweet John dere guys.

(38:09):
Then they don't listen. You know, I me and friends
try to approach the administration, and there's there's one quote.
I don't want to sell out a friend, but basically
a friend of mine who has a critical aspect of
American manufacturing, critical critical, was told, you know, loans from
the government to his facility were communists. So there again,

(38:29):
it's the free trade ideal. The government shouldn't pick winners
and losers when it comes to industry. But it's okay
to pick winners and losers with farmers. It's okay to
give Argentina twenty billion dollars. It's okay to you know,
give other countries foreign aid. But at we gotta be
careful and when we're helping manufacturers because we don't want
to want to look like communists, which most of the
countries subsidize the manufacturing industry. So I don't know if

(38:52):
that answers your question. See, but you know, we really
need the administration to start listening to us and some
of the things.

Speaker 4 (38:58):
That John, John, where can people go and get more
information on everything you're talking about? People were quite a
website topic, particularly the rejuvenation of small manufacturing.

Speaker 5 (39:08):
Where they go?

Speaker 2 (39:10):
John Gardner, author dot com and on x getter and Instagram.
John Gardner voh and my new website's.

Speaker 4 (39:19):
John your brother. Appreciate you, Thank you, Steve, thanks for
having me on. John Gardner, what hold on? Where's what's
the new website? I want people to go to it
and check it out.

Speaker 2 (39:28):
John Gardner, author dot com.

Speaker 5 (39:31):
Thank you, brother, appreciate you. Great work.

Speaker 4 (39:35):
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Short commercial break, We're going to turn in the world.

Speaker 4 (40:42):
Going to Texas next amazing, amazing event yesterday, got a
bunch of Texans here to talk about it.

Speaker 1 (40:50):
Next.

Speaker 5 (40:51):
God we will buy the lot.

Speaker 1 (40:53):
God, we will. Joe.

Speaker 4 (41:00):
Here's your host, Stephen k Ban, Brian Harrison, Jeorce so Briant.

Speaker 5 (41:10):
We had this event.

Speaker 4 (41:10):
We're gonna play clips at the top of the are
We want to thank Real America's Voice, Patroon Mobile, everybody
that put this on from Granston Field to everybody.

Speaker 5 (41:18):
Americans Freedom, American Freedom Alliance. Karen. But you know there's
a primary on the third.

Speaker 4 (41:25):
There's this proposition on the ballot band sharia law from Texas. However,
I thought Sharia law was already banned, and I thought
the Muslim Brotherhood A Care have already been designate as
terrorist organizations.

Speaker 5 (41:40):
So what's the hubbub bub.

Speaker 3 (41:43):
Well, you got it half right.

Speaker 7 (41:45):
You know, the governor, Governor Abbott very correctly did designate
care in the Muslim Brotherhood as terror organizations. That's the
correct thing to do. I'm gratefully did it. Absolutely As
to the you would be forgiven for thinking that Texas
has banned Sharia law, because there has been no shortage
of gas lighting coming out of the awesome Establishment uniparty

(42:06):
for a long time putting out public proclamations that Texas
has banned Sharia law. The only problem with this is
that I'm in the legislature.

Speaker 3 (42:16):
I know the laws we have and that we vote on, and.

Speaker 7 (42:19):
Yeah, there is no such law that has been voted
on really at all.

Speaker 3 (42:23):
And in fact, it gets worse. You know, people talking
about this this Sharia.

Speaker 7 (42:26):
Compound down here that's going up this epic city, and
they bragged that we passed a law to ban epic city.
You know the problem with that, though, Steve in the
law to quote ban epic city, there was an exception
put into the law to exempt epic city. So yeah,
So the problem is we've got a bunch of performative
theater going on down here in the run up to

(42:47):
the primary.

Speaker 3 (42:48):
And Texans don't want rhetoric. They want results.

Speaker 7 (42:51):
So if we're going to designate Care and Muslim Brotherhood
as terror organizations, which they should be, let's have some investigations.
Where are the arrests? If we're gonna say that the
position of the Texas government is that we have banned
sar real law. The most important thing people might take
away from this interview is that Texas hasn't banged to
real law, but we could. And so I actually think
the Texas legislature because the Texas people demand actions, not

(43:13):
just rhetoric.

Speaker 3 (43:14):
We should start doing things right now. We should do oversight.

Speaker 7 (43:17):
We should have legislative hearings to help educate the Texans
who may not understand the truth that we haven't banged
to real law and the threat from sharia law. So
we should have legislative hearings, and we should start doing
it right now. We shouldn't wait a couple of years.
Texas deserve action, and they deserve it.

Speaker 3 (43:32):
Now.

Speaker 5 (43:35):
Let's go back to this. This speaks to a larger problem.

Speaker 4 (43:41):
And I want to pull the camera back just for
a second, because it's the same thing the frustration in
the magabase with Capitol Hill what I call the Duma. Right,
it's not Congress anymore, it's the Duma. It's politics as
performance art. Yeah, it's to do this all it's all
performance art. And then it only doesn't change, it actually
gets worse because the theater kids have put up the

(44:02):
performance and people say, hey, that's been taken care of.
They talked about that, we did that. Let's get onto
a new problem, sir.

Speaker 3 (44:09):
Now that's exactly right.

Speaker 7 (44:10):
I mean, they do the absolute bare minimum that they
think they have to do to get away with it
because the only thing they care about, most elected officials
is their next re election.

Speaker 3 (44:19):
They don't care about the voters. They forget about the
voters the second they get elected.

Speaker 7 (44:23):
And the problem both in the US Congress by Lars
and then the Texas Legislature, which by the way, still
lets the radical leftist Marxist progressive Democrats completely control the
Texas House of Representatives. They still elect our speaker, the Democrats.
What they do is they've turned their backs on the
people they're supposed to work for, to embrace popularity, complacency,

(44:45):
and comfort in the swamp. And so they pass, you know,
a bill that might have a good title or headline,
but the reality is the substance of the bill either
doesn't do what it's supposed to do or it actually
undermines the objective goal here. And the reality is that
the elected establishment in the Texas government for far too
long has been telling the voters are going to stand
up for the radical leftists, but they've.

Speaker 3 (45:06):
Actually been empowering them. And Texans have been.

Speaker 7 (45:08):
Lulled into a sense of complacency by many elected Republicans
assuring them that the problem is solved and mailers are
going out all across the state of Texas right now,
misinforming people saying we have bands to real law and
the gas lighting has got to usop And the only
way we've been able to deliver real conservative victories. You
and the posse know this better than anybody is when
we hold the establishment's feet to the fire. Congress has

(45:30):
made itself largely irrelevant, and the Texas Legislature has made
itself largely irrelevant in the sense that we're not doing
real oversight. For example, we're still funding the lowest.

Speaker 3 (45:39):
Hanging fruit here.

Speaker 7 (45:40):
We should stop funding radical violentness, longist organizations that have
ties to tear affiliated organizations that advocate the overthrow of
the United States. And unfortunately, we have tens of millions
of dollars at least likely going to these to these organizations,
and we should stop doing things like that. We need
less theater, more action, more results, because the stakes couldn't

(46:03):
be high. The videos you're seeing coming out of what
happened in London, with the results of unchecked mass migration,
that can absolutely happen here in Texas and the Austin Swamp.
They're trying to silence my voice, to trying to take
me out in seven weeks of trying to take out
anybody who demands accountability and is able to go directly
to the American people and the people of Texas like
the Posse like you do, Steve, and demand results, not

(46:26):
just rhetoric. And that's why we got to start doing
more legislative oversight, legislative hearings.

Speaker 3 (46:30):
Let's go, let's have special sessions.

Speaker 7 (46:31):
There's no need to wait till next year to start
debating something that maybe.

Speaker 3 (46:34):
We'll do in two years.

Speaker 7 (46:35):
Let's get action on sharia law in twenty twenty six.
Texans do not need to be forced to wait two
more years. And quite frankly, Texas North America can affir.

Speaker 5 (46:45):
Are you notifying the speaker?

Speaker 1 (46:47):
Right?

Speaker 4 (46:47):
And I mean, how do we get the oversight? The
special session will come later, but how do you get
the How do you get the oversight immediately so you
can have hearings that are public and the folks in
Texas can see what people actually say when they're there
in front of you, guys.

Speaker 3 (47:00):
A great question.

Speaker 7 (47:00):
So yes, I will be formally submitting a request to
the speaker. And most of the time people do this
very quietly, you under the radar. I don't intend to
be quiet about this. I intend to be very public
that both the Texas House where I serve, but also
the Texas Senate could do this too. The Texas Legislature
must get its head out of the sand, and right now,

(47:21):
in the next couple months, we need to start having
very public, televised public legislative oversight hearings on the threat
posed from radical jihadis, on the threat from the massive
expansion of Sharia law and possible Sharia compounds and no
go zones in the state of Texas.

Speaker 3 (47:41):
So there's no reason that they should not do it.
And I'll tell you right now.

Speaker 7 (47:45):
Steve, I look forward to talking to you about this
as we go forward, because the only way that's going
to happen, and I'm going to be as loud about
this as I possibly can as an elected member of
the Texas Legislature. But the only way we're going to
do this is the same way we knocked off the
President of Texas a and m into the biggest DEI program,
stopped illegal registering vehicles. It's if the grassroots, freedom loving
patriots and the POSSE melt the phone lines of the

(48:06):
establishment under the corrupt pink Dome in Austin and demand action.

Speaker 1 (48:10):
You know what.

Speaker 7 (48:11):
See, we've had a lot of successes just in the
last several months, and there's no reason we can't have
some optimism that we can have some success here. But
the reality is we have to the future Western civilizations
on the line. As you say all the time, as
goes Texas, so goes America. As goes America, so goes
the world. Texas is on the front line in the
battle for the future and the next year.

Speaker 4 (48:30):
Three yeah, twenty seconds.

Speaker 5 (48:35):
Your social media feed, where do people go?

Speaker 7 (48:37):
Please go at Brian E. Harrison on x at Brian E. Harrison,
please like, follow, share at Brian E.

Speaker 3 (48:43):
Harrison.

Speaker 7 (48:44):
And then the swamp is trying to take me out
in the primary, So go to vote Brian Harrison dot
com and help out there. Vote Brian Harrison dot com.

Speaker 2 (48:51):
Always great to be.

Speaker 1 (48:51):
With you, Steve.

Speaker 3 (48:52):
Then a great event last night, by the way, great job,
Thank you sir.

Speaker 2 (48:56):
For sure
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