1 00:00:00,160 --> 00:00:03,280 Speaker 1: Keep saying we're spending two hundred billion dollars a year 2 00:00:03,320 --> 00:00:07,720 Speaker 1: to subsidize Canada. But for fact's sake, that is not 3 00:00:07,800 --> 00:00:11,080 Speaker 1: remotely true. It's not even clear what he's talking about. 4 00:00:11,400 --> 00:00:14,960 Speaker 1: He might be talking about the trade deficit. But last 5 00:00:15,040 --> 00:00:18,480 Speaker 1: year America's trade deficit with Canada and goods and services 6 00:00:18,720 --> 00:00:21,280 Speaker 1: was only about forty five billion. Even when you look 7 00:00:21,280 --> 00:00:24,360 Speaker 1: at just the goods, the deficit was sixty three billion. 8 00:00:25,160 --> 00:00:28,080 Speaker 1: But there is a bigger problem. This is not a 9 00:00:28,160 --> 00:00:30,720 Speaker 1: subsidy to begin with, and I want you to think 10 00:00:30,720 --> 00:00:34,000 Speaker 1: about this. Think about this administration for a moment. It 11 00:00:34,080 --> 00:00:37,280 Speaker 1: is filled with the wealthiest group of businessmen we have 12 00:00:37,400 --> 00:00:40,680 Speaker 1: ever seen in any modern White House. Yet not a 13 00:00:40,800 --> 00:00:43,919 Speaker 1: single one of them has explained to the President that 14 00:00:43,960 --> 00:00:47,080 Speaker 1: when the richest country in the world, that's US, buys 15 00:00:47,159 --> 00:00:50,600 Speaker 1: more stuff from other countries than they buy from us, 16 00:00:50,960 --> 00:00:54,400 Speaker 1: it's not a subsidy. We want and need the stuff 17 00:00:54,440 --> 00:00:57,080 Speaker 1: that those other countries make. We don't have the resources 18 00:00:57,080 --> 00:00:59,280 Speaker 1: to make everything in America, or we've chosen not to. 19 00:01:00,000 --> 00:01:04,319 Speaker 1: Part of capitalism is American companies making choices about whether 20 00:01:04,480 --> 00:01:07,280 Speaker 1: or not they would rather produce things here or import 21 00:01:07,319 --> 00:01:11,840 Speaker 1: them from other countries. Importing is not necessarily a bad thing. 22 00:01:12,200 --> 00:01:15,000 Speaker 1: A trade deficit is not necessarily a bad thing. And 23 00:01:15,040 --> 00:01:18,880 Speaker 1: the businessman surrounding the president in this White House they 24 00:01:18,959 --> 00:01:22,160 Speaker 1: know that, but they appear to have no interest in 25 00:01:22,240 --> 00:01:25,600 Speaker 1: telling him, which leaves our economy in the hands of 26 00:01:25,640 --> 00:01:30,200 Speaker 1: someone who apparently wants to isolate America as the rest 27 00:01:30,360 --> 00:01:34,000 Speaker 1: of the world economy is moving on without us. These 28 00:01:34,040 --> 00:01:38,240 Speaker 1: cases involving the administration and immigration policy, we keep hearing 29 00:01:38,480 --> 00:01:42,240 Speaker 1: about due process applying to non citizens. Many people are asking, 30 00:01:42,240 --> 00:01:43,280 Speaker 1: why can you explain this? 31 00:01:44,400 --> 00:01:48,480 Speaker 2: Absolutely due process is guaranteed by the Constitution in two 32 00:01:48,520 --> 00:01:52,400 Speaker 2: different places. It was one of the foundational guarantees that 33 00:01:52,520 --> 00:01:56,000 Speaker 2: the founders of this country insisted upon. It was a 34 00:01:56,080 --> 00:01:58,600 Speaker 2: key cause of the revolution. It traces its roots all 35 00:01:58,640 --> 00:02:01,520 Speaker 2: the way back to the Magnet in twelve fifteen. And 36 00:02:01,600 --> 00:02:04,040 Speaker 2: I say all that because these are not just words 37 00:02:04,080 --> 00:02:07,600 Speaker 2: on a page. This is one of the most foundational 38 00:02:07,680 --> 00:02:12,320 Speaker 2: promises of a free and democratic society. Without due process, 39 00:02:12,520 --> 00:02:16,480 Speaker 2: any of us can be snatched up off the street, imprisoned, 40 00:02:16,720 --> 00:02:20,760 Speaker 2: deported without any trial, without any hearing, without a judge 41 00:02:20,760 --> 00:02:23,200 Speaker 2: even taking a look to see if there are charges 42 00:02:23,280 --> 00:02:25,600 Speaker 2: against us, to see if those charges are legitimate. It 43 00:02:25,680 --> 00:02:29,800 Speaker 2: is fundamentally anti American to reject the premise of due process. 44 00:02:30,000 --> 00:02:32,560 Speaker 2: After the Civil War, one of the very first things 45 00:02:32,560 --> 00:02:35,639 Speaker 2: that the Reconstruction Congress did was apply the guarantee of 46 00:02:35,720 --> 00:02:38,600 Speaker 2: due process to the states, so that everyone would be protected. 47 00:02:38,639 --> 00:02:39,560 Speaker 3: The States, the. 48 00:02:39,440 --> 00:02:43,720 Speaker 2: Federal government, the president himself, every single government official in 49 00:02:43,760 --> 00:02:47,679 Speaker 2: this country must respect every person's right to do process, 50 00:02:47,919 --> 00:02:51,200 Speaker 2: not just every citizen, not just every lawful immigrant, but 51 00:02:51,280 --> 00:02:54,120 Speaker 2: every person that's not me riffing. That is the language 52 00:02:54,120 --> 00:02:57,080 Speaker 2: of the Constitution. It literally could not be clearer. 53 00:02:57,320 --> 00:03:03,760 Speaker 4: Yeah, I'm kind of surprised to see this completely unthought out, 54 00:03:04,440 --> 00:03:08,520 Speaker 4: sort of off the cuff tariff deal hasn't resulted in 55 00:03:08,600 --> 00:03:10,679 Speaker 4: China bending to American wheel will. 56 00:03:11,240 --> 00:03:12,480 Speaker 3: Who could have predicted that? 57 00:03:12,800 --> 00:03:17,040 Speaker 1: Everyone, anyone who has ever studied economics, global economics or 58 00:03:17,160 --> 00:03:18,480 Speaker 1: China could have told you that. 59 00:03:18,680 --> 00:03:21,880 Speaker 4: So you have to wonder what the endgame is here, 60 00:03:22,360 --> 00:03:26,320 Speaker 4: because it just has seemed to be so haphazard and 61 00:03:26,520 --> 00:03:32,240 Speaker 4: random and just simply not strategically thought out. 62 00:03:32,840 --> 00:03:33,960 Speaker 3: I don't know what. 63 00:03:33,800 --> 00:03:37,920 Speaker 4: They thought was going to be the outcome of this 64 00:03:38,120 --> 00:03:42,240 Speaker 4: unforced error of just declaring war on our closest trading 65 00:03:42,280 --> 00:03:46,680 Speaker 4: partners and allies. It kind of beggars the imagination. 66 00:03:46,920 --> 00:03:50,080 Speaker 1: Have we ever seen our constitution been tested in this 67 00:03:50,160 --> 00:03:51,400 Speaker 1: way like this before? 68 00:03:52,480 --> 00:03:55,600 Speaker 2: I think only the Civil War could be a comparison 69 00:03:55,680 --> 00:03:58,880 Speaker 2: to our current moment to see a president and frankly 70 00:03:58,960 --> 00:04:03,200 Speaker 2: also a Congress abandon these basic premises of our constitution. 71 00:04:04,360 --> 00:04:08,119 Speaker 2: You know, the Framers really did not envision a president 72 00:04:08,320 --> 00:04:13,040 Speaker 2: as corrupt and lawless as Trump entering office. They constructed 73 00:04:13,080 --> 00:04:16,679 Speaker 2: an office whose holder would not be able to wield 74 00:04:16,800 --> 00:04:21,000 Speaker 2: so much power and push down so many checks and balances. Unfortunately, 75 00:04:21,080 --> 00:04:23,960 Speaker 2: the United States Supreme Court took away a lot of 76 00:04:24,000 --> 00:04:26,640 Speaker 2: the checks and balances on the president in decisions like 77 00:04:26,880 --> 00:04:29,760 Speaker 2: the horrible immunity ruling from last summer. And so we 78 00:04:29,800 --> 00:04:33,120 Speaker 2: are left now with the president who feels understandably that 79 00:04:33,160 --> 00:04:37,520 Speaker 2: he's empowered to push aside any constitutional restrictions that clash 80 00:04:37,600 --> 00:04:38,279 Speaker 2: with his agenda. 81 00:04:38,560 --> 00:04:40,279 Speaker 3: He came in saying he wanted. 82 00:04:39,960 --> 00:04:43,520 Speaker 2: To do mass deportations, and the reality is you cannot 83 00:04:43,560 --> 00:04:47,240 Speaker 2: do deportations at that scale without violating due process the 84 00:04:47,320 --> 00:04:51,240 Speaker 2: rights of both immigrants and citizens who will be caught 85 00:04:51,320 --> 00:04:54,040 Speaker 2: up in those rates. I mean, we had ice raids 86 00:04:54,040 --> 00:04:58,159 Speaker 2: here in Washington, d C. Today, Masked agents bursting into 87 00:04:58,200 --> 00:05:01,359 Speaker 2: restaurants attempting to arrest unj Doakman immigrants. What if a 88 00:05:01,400 --> 00:05:04,320 Speaker 2: citizen was there and was Hispanic and didn't have their 89 00:05:04,320 --> 00:05:07,080 Speaker 2: passport on them and got snatched up and put on 90 00:05:07,120 --> 00:05:09,760 Speaker 2: a plane that was sent to twelve Salvador without due process, 91 00:05:10,000 --> 00:05:13,760 Speaker 2: that person is gone, possibly forever. That's why the Supreme 92 00:05:13,800 --> 00:05:16,880 Speaker 2: Court intervened recently to try to put some restraints on 93 00:05:16,880 --> 00:05:19,080 Speaker 2: what Trump is doing here. But the Supreme Court has 94 00:05:19,120 --> 00:05:22,479 Speaker 2: not been a consistent protector of liberty under this administration yet, 95 00:05:22,520 --> 00:05:24,200 Speaker 2: and I really hope it wakes up to the threat 96 00:05:24,200 --> 00:05:25,040 Speaker 2: that Trump poses. 97 00:05:27,880 --> 00:05:33,000 Speaker 5: This is the primal scream of a dying regime. Pray 98 00:05:33,120 --> 00:05:36,320 Speaker 5: for our enemies, because we're going to medieval. 99 00:05:35,960 --> 00:05:36,520 Speaker 3: On these people. 100 00:05:37,760 --> 00:05:39,000 Speaker 5: There's got a free shot. 101 00:05:39,120 --> 00:05:42,560 Speaker 6: All these networks lying about the people, the people have 102 00:05:42,600 --> 00:05:43,560 Speaker 6: had a belly full of it. 103 00:05:44,040 --> 00:05:45,080 Speaker 5: I know you don't like hearing that. 104 00:05:45,440 --> 00:05:46,880 Speaker 3: I know you've tried to do everything in the world. 105 00:05:46,760 --> 00:05:48,160 Speaker 5: To stop there, but you're not going to stop it. 106 00:05:48,160 --> 00:05:49,240 Speaker 5: It's going to happen. 107 00:05:49,360 --> 00:05:51,560 Speaker 3: And where do people like that go to share the 108 00:05:51,560 --> 00:05:56,040 Speaker 3: big line? Mega media? I wish in my soul, I 109 00:05:56,120 --> 00:05:59,440 Speaker 3: wish that any of these people had a conscience. 110 00:06:00,680 --> 00:06:02,800 Speaker 5: What is my task and what is my purpose? 111 00:06:03,440 --> 00:06:07,560 Speaker 4: If that answer is to save my country, this country 112 00:06:07,880 --> 00:06:09,560 Speaker 4: will be saved. 113 00:06:09,640 --> 00:06:10,159 Speaker 5: War Room. 114 00:06:10,600 --> 00:06:19,000 Speaker 3: Here's your host, Stephen K. Bath all right, more th 115 00:06:19,080 --> 00:06:21,800 Speaker 3: every one day, Brett sitting in with a great Stephen K. 116 00:06:22,160 --> 00:06:24,800 Speaker 3: Bann and he's out on assignment today. So I got 117 00:06:24,839 --> 00:06:28,280 Speaker 3: a thousand newspapers in front of me. Yesterday was a 118 00:06:28,400 --> 00:06:34,039 Speaker 3: little bit slower. Newsday today is absolutely huge. I'll just 119 00:06:34,080 --> 00:06:40,359 Speaker 3: start off with a few remarks Stephanie Ruell from MSNBC. There, 120 00:06:40,640 --> 00:06:44,279 Speaker 3: the whole world is moving on without us. The whole 121 00:06:44,360 --> 00:06:46,600 Speaker 3: world is moving on without us. I was in a 122 00:06:46,680 --> 00:06:49,920 Speaker 3: room with twenty ambassadors last night who love the United 123 00:06:49,960 --> 00:06:54,800 Speaker 3: States and are in trade talks with us. They're not 124 00:06:54,880 --> 00:06:56,800 Speaker 3: moving on without us. They want us, they want to 125 00:06:56,839 --> 00:06:59,800 Speaker 3: be friends. So she missed those twenty and I think 126 00:06:59,800 --> 00:07:03,279 Speaker 3: she's wrong on a whole host of other countries that 127 00:07:03,360 --> 00:07:07,120 Speaker 3: are moving our way. But she's not alone. MSNBC on 128 00:07:07,240 --> 00:07:12,360 Speaker 3: the more liberal progressive side of things, as in agreement 129 00:07:12,400 --> 00:07:15,280 Speaker 3: with the Wall Street Journal, one of our favorite papers 130 00:07:15,280 --> 00:07:19,200 Speaker 3: here at the War Room, tongue in cheek, Washington's trade 131 00:07:19,200 --> 00:07:23,640 Speaker 3: war spurs other nations to make deals. So here's the 132 00:07:25,160 --> 00:07:27,800 Speaker 3: Wall Street journal. You think they would know their business 133 00:07:27,800 --> 00:07:30,000 Speaker 3: and economics. Here, let me read a couple of lines. 134 00:07:30,080 --> 00:07:34,920 Speaker 3: The US is backing away from free trade under President Trump, 135 00:07:34,960 --> 00:07:38,240 Speaker 3: but much of the rest of the world is not. Huh. 136 00:07:39,120 --> 00:07:43,800 Speaker 3: The US is backing away from free trade with whom, 137 00:07:44,760 --> 00:07:48,120 Speaker 3: dear Wall Street Journal, with China? Can you do free 138 00:07:48,120 --> 00:07:51,840 Speaker 3: trade with a country that's a communist, totalitarian surveillance state 139 00:07:51,880 --> 00:07:54,360 Speaker 3: Wall Street Journal. I'd love to hear response to this. 140 00:07:54,920 --> 00:07:57,920 Speaker 3: Are you serious that you can do that? We can 141 00:07:57,960 --> 00:08:01,200 Speaker 3: do the US can do free trade with China? Please 142 00:08:01,320 --> 00:08:05,240 Speaker 3: just answer me. Just that one, right, and that's a 143 00:08:05,280 --> 00:08:08,400 Speaker 3: good start. The rest of the countries, the G twenty people, 144 00:08:08,560 --> 00:08:11,400 Speaker 3: you know, you the the Trump chart that came up, 145 00:08:11,800 --> 00:08:14,800 Speaker 3: that's you know, the kind of correlated with the size 146 00:08:14,800 --> 00:08:19,120 Speaker 3: of the trade deficits is mirrored by exactly a Bank 147 00:08:19,160 --> 00:08:23,640 Speaker 3: of America with a similar chart, Bank of America, World Bank, 148 00:08:23,920 --> 00:08:28,080 Speaker 3: Price Waterhouse Coopers. I think all the G twenty countries 149 00:08:28,240 --> 00:08:31,240 Speaker 3: have two hundred to three hundred percent higher tariff and 150 00:08:31,280 --> 00:08:35,240 Speaker 3: NONTERRF barriers against US than we have on them. Two 151 00:08:35,280 --> 00:08:39,400 Speaker 3: to three times three hundred percent. All of the G 152 00:08:39,520 --> 00:08:44,079 Speaker 3: twenty rich countries tariffs against US. Are they free trade 153 00:08:44,160 --> 00:08:47,640 Speaker 3: we're backing away from free trade, and now they're moving 154 00:08:47,760 --> 00:08:51,640 Speaker 3: toward free trade. They're lowering their tariff and non terror barriers. 155 00:08:51,880 --> 00:08:54,600 Speaker 3: And the Wall Street Journal, I mean, come on, guys, 156 00:08:54,679 --> 00:08:57,600 Speaker 3: this is just really bad. Who wrote this thing? Max 157 00:08:57,720 --> 00:09:03,000 Speaker 3: Colchester and Kim mac real quote the US is acting 158 00:09:03,000 --> 00:09:06,520 Speaker 3: as an accelerant to the lowering of tariffs by everyone else. 159 00:09:07,040 --> 00:09:12,360 Speaker 3: Later in the story, I mean the economic theory, you know, 160 00:09:12,400 --> 00:09:14,400 Speaker 3: and when you do science, the theory is supposed to, 161 00:09:14,400 --> 00:09:16,080 Speaker 3: you know, try to match the data or have the 162 00:09:16,400 --> 00:09:18,560 Speaker 3: tell a story that matches the data. And that's what 163 00:09:18,600 --> 00:09:21,920 Speaker 3: theory is. You guys are not shooting straight here. And 164 00:09:22,360 --> 00:09:27,079 Speaker 3: this reporting by the Wall Street Journal, it seems similar 165 00:09:27,120 --> 00:09:28,800 Speaker 3: in tone. You can tell, I hope you can tell 166 00:09:28,800 --> 00:09:32,360 Speaker 3: when I'm joking. No one can match the great Steve 167 00:09:32,400 --> 00:09:36,160 Speaker 3: Mannon and so I try to use humor as my source. 168 00:09:36,200 --> 00:09:39,080 Speaker 3: But the Wall Street Journal. Let me shift over to 169 00:09:39,600 --> 00:09:43,160 Speaker 3: another great newspaper that the Wall Street Journal seems to 170 00:09:43,200 --> 00:09:47,560 Speaker 3: be mind melding with is the China Daily. The China 171 00:09:47,800 --> 00:09:50,719 Speaker 3: Daily Paper China, China. 172 00:09:50,160 --> 00:09:50,280 Speaker 7: Uh. 173 00:09:51,160 --> 00:09:56,720 Speaker 3: Their headline today, tariff barrage hits harder in Washington. Washington's 174 00:09:56,960 --> 00:10:00,320 Speaker 3: so called reciprocal tariffs this is China writing by the way, 175 00:10:00,440 --> 00:10:03,880 Speaker 3: right are hurting the US more than China. I don't 176 00:10:03,880 --> 00:10:06,719 Speaker 3: think so, because if you've got on YouTube right now, 177 00:10:06,720 --> 00:10:11,800 Speaker 3: you're going to see riots and rebellions and marching in 178 00:10:11,880 --> 00:10:14,360 Speaker 3: the streets of people who are not getting paid. They're 179 00:10:14,360 --> 00:10:18,000 Speaker 3: not getting their wages, they're not getting their retirement benefits, 180 00:10:18,320 --> 00:10:22,600 Speaker 3: they're not getting paid. Their jobs have laid them off. 181 00:10:22,640 --> 00:10:24,880 Speaker 3: They're moving on to other people. In China. What they 182 00:10:24,960 --> 00:10:27,599 Speaker 3: do to solve that problem is they arrest the employer. 183 00:10:27,840 --> 00:10:31,000 Speaker 3: That's a novel idea. So all the people concerned about 184 00:10:31,000 --> 00:10:35,520 Speaker 3: civil liberties and justice in the news clips you just saw, 185 00:10:35,559 --> 00:10:38,800 Speaker 3: you might want to contact China on that one. In 186 00:10:38,840 --> 00:10:42,880 Speaker 3: an exclusive interview with China Daily, Justin Yifu Linn, dean 187 00:10:42,960 --> 00:10:46,559 Speaker 3: of the Institute of the New Structural Economics at Pee 188 00:10:46,679 --> 00:10:52,600 Speaker 3: King University, said that the US ignores basic economic rules 189 00:10:52,800 --> 00:10:56,040 Speaker 3: when it claims to suffer losses from trade with China. 190 00:10:56,720 --> 00:11:01,320 Speaker 3: The US is missing the rules. So we've set up 191 00:11:01,360 --> 00:11:04,040 Speaker 3: the rules based order that made the whole world rich 192 00:11:04,160 --> 00:11:07,760 Speaker 3: after World War Two. Those rules are great, We follow them. 193 00:11:07,800 --> 00:11:10,320 Speaker 3: We put them in place right. We founded the World Bank, 194 00:11:10,320 --> 00:11:13,320 Speaker 3: the IMF, the United Nations, all of it. We allow 195 00:11:13,480 --> 00:11:16,439 Speaker 3: China into our trade regimes. They cheat, they steal our 196 00:11:16,480 --> 00:11:22,240 Speaker 3: intellectual property rights. They violated every trade agreement we've had. 197 00:11:22,679 --> 00:11:24,839 Speaker 3: Navarro has gone over that, he's got books on it, 198 00:11:25,880 --> 00:11:33,600 Speaker 3: and China writes the following. Trade is mutually beneficial. Different 199 00:11:33,600 --> 00:11:37,240 Speaker 3: countries have different comparative advantages. The US buys Chinese products 200 00:11:37,240 --> 00:11:39,920 Speaker 3: because they are of better quality and cheaper than those 201 00:11:39,960 --> 00:11:43,199 Speaker 3: producer of the US, and vice versa, etc. It does 202 00:11:43,240 --> 00:11:45,680 Speaker 3: not make any sense for the US administration to claim 203 00:11:45,720 --> 00:11:49,440 Speaker 3: it suffers losses from trade with China. Look at our 204 00:11:49,480 --> 00:11:53,600 Speaker 3: trade deficits. Look at the gutting of five million manufacturing jobs. 205 00:11:55,280 --> 00:11:57,320 Speaker 3: The United States of America is only doing two and 206 00:11:57,320 --> 00:12:00,520 Speaker 3: a half trillion dollars in manufacturing this year. China is 207 00:12:00,520 --> 00:12:03,960 Speaker 3: doing five trillion dollars worth of manufacturing. A lot of 208 00:12:03,960 --> 00:12:06,280 Speaker 3: that came from the United States. That's why Trump is 209 00:12:06,320 --> 00:12:09,880 Speaker 3: doing what he's doing. He is moving manufacturing and therefore 210 00:12:09,960 --> 00:12:12,559 Speaker 3: capital equipment back. Guys. We said on the show yesterday, 211 00:12:12,600 --> 00:12:15,560 Speaker 3: we have two trillion commitments from US firms, as Steve 212 00:12:15,640 --> 00:12:21,800 Speaker 3: pointed out, and seven trillion total capital investment promises commitments 213 00:12:21,840 --> 00:12:26,559 Speaker 3: made to President trumpet seven trillion dollars the last administration, 214 00:12:26,880 --> 00:12:29,960 Speaker 3: no other administration. I've never even heard of a strategy 215 00:12:30,720 --> 00:12:33,040 Speaker 3: that's in the ballpark here, So there's going to be 216 00:12:33,080 --> 00:12:35,280 Speaker 3: a few ripples along the way. It'd be nice that 217 00:12:35,360 --> 00:12:38,360 Speaker 3: the Federal Reserve would accommodate that right to give American 218 00:12:38,400 --> 00:12:41,320 Speaker 3: people jobs. They accommodate two and a half trillion dollar 219 00:12:42,200 --> 00:12:46,840 Speaker 3: government spending deficits every year without question. They accommodate Wall 220 00:12:46,840 --> 00:12:51,080 Speaker 3: Street bailouts without question. But they're dual mandate, which includes 221 00:12:51,200 --> 00:12:54,400 Speaker 3: jobs and employment. It seems to be good to put 222 00:12:54,440 --> 00:12:58,079 Speaker 3: the American worker back to work at wages that matter. 223 00:12:58,880 --> 00:13:02,400 Speaker 3: So that's the China Daily. And then just one other 224 00:13:03,360 --> 00:13:06,960 Speaker 3: piece of interest if you want to know who China 225 00:13:07,160 --> 00:13:09,800 Speaker 3: likes and who they don't like. And this is a 226 00:13:09,880 --> 00:13:13,160 Speaker 3: hint for the politicians in the US. I've heard a 227 00:13:13,240 --> 00:13:15,960 Speaker 3: lot of folks not talking polite and not being nice 228 00:13:15,960 --> 00:13:19,480 Speaker 3: to our war room friends around town here when I 229 00:13:19,480 --> 00:13:23,400 Speaker 3: get up here. And so here's another headline. I want 230 00:13:23,400 --> 00:13:25,679 Speaker 3: you to see it because these Steve says, the print matters. 231 00:13:26,280 --> 00:13:30,200 Speaker 3: This is China Dailey again, Navarro still up to his 232 00:13:30,400 --> 00:13:37,079 Speaker 3: anti China tricks. So who does China name by name 233 00:13:37,760 --> 00:13:39,880 Speaker 3: when they want to play hardball and make a point, 234 00:13:39,960 --> 00:13:43,680 Speaker 3: and they're spending money on this print. Peter Navarro seems 235 00:13:43,720 --> 00:13:47,760 Speaker 3: to be over the target. China is upset with Peter Navarro, 236 00:13:48,679 --> 00:13:53,080 Speaker 3: not the old establishment in Congress, right, the congressman in 237 00:13:53,120 --> 00:13:55,160 Speaker 3: this town. They always say, well, there's the there's the 238 00:13:55,160 --> 00:13:57,320 Speaker 3: freedom call, because there are a bunch of show horses. 239 00:13:57,320 --> 00:14:02,560 Speaker 3: We're the workhorses. Well, those were courses on the intelligence committees, etc. 240 00:14:02,840 --> 00:14:05,360 Speaker 3: Have missed a thing called China for the past thirty years. 241 00:14:06,000 --> 00:14:09,080 Speaker 3: That's why we're in the ditch. Those work courses in 242 00:14:09,160 --> 00:14:11,480 Speaker 3: Congress and the Senate have also put US thirty seven 243 00:14:11,600 --> 00:14:14,600 Speaker 3: trillion dollars in debt. So the next time you hear 244 00:14:14,640 --> 00:14:18,679 Speaker 3: your congress woman or senator mentioned that they're the workhorse. 245 00:14:18,800 --> 00:14:21,680 Speaker 3: They're working hard while these show horses are just out 246 00:14:21,720 --> 00:14:24,600 Speaker 3: making noise, you may want to educate them, and you 247 00:14:24,680 --> 00:14:27,120 Speaker 3: might want to ask them for their statements in writing. Right, 248 00:14:27,160 --> 00:14:29,840 Speaker 3: ask them, where have you put in writing your commitment 249 00:14:29,920 --> 00:14:32,680 Speaker 3: on this new budget deal for seven trillion dollars in spending. 250 00:14:33,040 --> 00:14:36,280 Speaker 3: Let's see what the work courses have to say on 251 00:14:36,400 --> 00:14:40,440 Speaker 3: paper on the endless wars, on the ten billion border invasion, 252 00:14:40,840 --> 00:14:43,640 Speaker 3: on the thirty seven trillion debt. Make sure they use 253 00:14:43,880 --> 00:14:46,600 Speaker 3: numbers when they make their promises to you, ask them 254 00:14:46,600 --> 00:14:48,920 Speaker 3: for it in writing, and then share that with all 255 00:14:48,920 --> 00:14:51,560 Speaker 3: your friends. If you've got a good congressman, woman or senator, 256 00:14:52,120 --> 00:14:55,200 Speaker 3: that's great. But the war room is keeping an eye 257 00:14:55,200 --> 00:14:59,200 Speaker 3: on everybody. Back in the second after the break, use 258 00:14:59,280 --> 00:14:59,840 Speaker 3: your hosts. 259 00:15:00,120 --> 00:15:08,400 Speaker 5: Shep came, all. 260 00:15:08,360 --> 00:15:10,840 Speaker 3: Right, everybody back in the war room. We've got EJ 261 00:15:11,080 --> 00:15:14,080 Speaker 3: and Tony on the economics coming up. Eric, Tito with 262 00:15:14,200 --> 00:15:18,800 Speaker 3: the RUSS vote group on the budget. Eric, why don't 263 00:15:18,840 --> 00:15:22,560 Speaker 3: you set the table for us on updates on the 264 00:15:22,600 --> 00:15:25,000 Speaker 3: budget talks? So what can we expect? The war room 265 00:15:25,040 --> 00:15:27,520 Speaker 3: has been all over that ban, it's been all over 266 00:15:27,560 --> 00:15:31,800 Speaker 3: the debt and the bond market. Vigilanti's paying attention to 267 00:15:31,880 --> 00:15:34,480 Speaker 3: the debt and so bring us up to speed. 268 00:15:34,880 --> 00:15:37,880 Speaker 8: Eric, Thank you, Yeah, thanks David. It's great to be 269 00:15:37,960 --> 00:15:41,160 Speaker 8: with you. You know, the American people hired the president 270 00:15:41,200 --> 00:15:44,880 Speaker 8: again because they're fed up with this woken weaponized government 271 00:15:44,920 --> 00:15:47,160 Speaker 8: and they're looking for somebody who's going to get into 272 00:15:47,200 --> 00:15:50,280 Speaker 8: it and rip it down from the inside. And that 273 00:15:50,480 --> 00:15:53,840 Speaker 8: is exactly what is reflected in the president's budget proposal 274 00:15:53,920 --> 00:15:57,320 Speaker 8: that just came out late last week, you're talking about 275 00:15:57,360 --> 00:16:02,880 Speaker 8: a seventeen percent net cut in spending year over year 276 00:16:02,960 --> 00:16:07,240 Speaker 8: compared to FY twenty five. That's unprecedented. I know people 277 00:16:07,240 --> 00:16:09,840 Speaker 8: are thinking seventeen percent, how about seventy? 278 00:16:10,720 --> 00:16:12,600 Speaker 3: Trust me, we share your view. 279 00:16:12,640 --> 00:16:15,960 Speaker 8: We'd like to get there, and in some cases, this 280 00:16:16,000 --> 00:16:19,520 Speaker 8: budget actually does get there. When we say it's a 281 00:16:19,560 --> 00:16:24,360 Speaker 8: net seventeen percent cut that includes a massive investment in 282 00:16:24,440 --> 00:16:26,840 Speaker 8: national security. You know, the one thing that the federal 283 00:16:26,880 --> 00:16:30,440 Speaker 8: government is supposed to do defend the American people and 284 00:16:30,480 --> 00:16:34,400 Speaker 8: secure the border. The president is investing in an unprecedented 285 00:16:34,440 --> 00:16:38,400 Speaker 8: way in national defense while also cutting the woke and 286 00:16:38,440 --> 00:16:44,760 Speaker 8: weaponized government along the way. This would be spending levels 287 00:16:44,880 --> 00:16:50,280 Speaker 8: non defense discretionary federal spending at the same level as 288 00:16:50,320 --> 00:16:51,280 Speaker 8: twenty seventeen. 289 00:16:51,360 --> 00:16:52,840 Speaker 3: So people talk about getting. 290 00:16:52,600 --> 00:16:56,760 Speaker 8: To pre COVID spending levels, this is actually the spending 291 00:16:56,800 --> 00:17:00,600 Speaker 8: levels under Barack Obama's last year in office. For the 292 00:17:00,640 --> 00:17:03,440 Speaker 8: first president Trump term had his opportunity to get in 293 00:17:03,480 --> 00:17:06,400 Speaker 8: there and sort of make his mark on spending. If 294 00:17:06,440 --> 00:17:10,199 Speaker 8: you include inflation over the years, this would be the 295 00:17:10,240 --> 00:17:14,679 Speaker 8: lowest level of non defense discretionary spending since the early 296 00:17:14,760 --> 00:17:17,639 Speaker 8: oughts when I was still in college. So This is 297 00:17:17,720 --> 00:17:20,760 Speaker 8: exactly what the people elected the president to do. The 298 00:17:20,800 --> 00:17:24,240 Speaker 8: big question obviously, is what next. You know, traditionally the 299 00:17:24,280 --> 00:17:27,840 Speaker 8: president's budget has been kind of symbolic, maybe a marker, 300 00:17:29,040 --> 00:17:32,800 Speaker 8: and then the House and the Senate start their appropriations 301 00:17:32,840 --> 00:17:36,720 Speaker 8: process such as it is or isn't, and work from there. 302 00:17:36,960 --> 00:17:38,960 Speaker 8: I think this time is going to be different. The 303 00:17:39,000 --> 00:17:41,520 Speaker 8: president means it. You see that in Doge, you see 304 00:17:41,520 --> 00:17:43,040 Speaker 8: that in the work that Russ and the team are 305 00:17:43,080 --> 00:17:46,359 Speaker 8: doing at OMB and I think that this is going 306 00:17:46,440 --> 00:17:50,080 Speaker 8: to be the framework for the actual f y twenty 307 00:17:50,119 --> 00:17:54,520 Speaker 8: six appropriations, and we should expect nothing less than this 308 00:17:54,680 --> 00:17:56,879 Speaker 8: budget from the members of the House and Senate. 309 00:17:58,000 --> 00:18:00,879 Speaker 3: Great, that's great, Eric, Maybe ye can you explain to 310 00:18:00,920 --> 00:18:04,440 Speaker 3: the war room also. I mean, the real good news 311 00:18:04,480 --> 00:18:06,920 Speaker 3: here is this is going into law, So this budget 312 00:18:06,960 --> 00:18:10,159 Speaker 3: will become law, and then you know, the Left in 313 00:18:10,200 --> 00:18:12,520 Speaker 3: the future they'll have to change the law. They still 314 00:18:12,560 --> 00:18:15,080 Speaker 3: believe in the rule of law. But can you explain them. 315 00:18:15,119 --> 00:18:18,280 Speaker 3: Maybe there's some interaction effects between what Dog has been doing, 316 00:18:19,080 --> 00:18:23,320 Speaker 3: the personnel cuts. How does all that work together? That's 317 00:18:23,400 --> 00:18:25,840 Speaker 3: not clear to many of us. So you've got the 318 00:18:27,080 --> 00:18:30,720 Speaker 3: good budget cuts you're talking about, but dough has been 319 00:18:30,720 --> 00:18:33,399 Speaker 3: doing work. There's you know, a lot of news on 320 00:18:33,520 --> 00:18:39,080 Speaker 3: USAID for example, huge personnel cuts there, university funding cuts. 321 00:18:40,040 --> 00:18:42,600 Speaker 3: How do all those stories kind of fit together just 322 00:18:43,040 --> 00:18:44,720 Speaker 3: in a minute or two overview? 323 00:18:45,640 --> 00:18:48,680 Speaker 8: Sure, happy to do my best to create some clarity here. 324 00:18:48,720 --> 00:18:49,400 Speaker 3: You know, after. 325 00:18:49,200 --> 00:18:52,080 Speaker 8: Fifteen years in Washington, if there's one thing I'm convinced of, 326 00:18:52,520 --> 00:18:55,920 Speaker 8: it's that they make this complicated on purpose in order 327 00:18:56,000 --> 00:18:57,520 Speaker 8: to avoid accountability. 328 00:18:57,680 --> 00:18:59,960 Speaker 3: Right, So, here's what we're talking about. 329 00:19:00,200 --> 00:19:03,160 Speaker 8: There was a budget resolution that was passed, and that 330 00:19:03,280 --> 00:19:06,479 Speaker 8: has to do with teeing up reconciliation. That is an 331 00:19:06,680 --> 00:19:10,120 Speaker 8: entirely separate thing from what we're talking about here. 332 00:19:10,240 --> 00:19:11,840 Speaker 3: What we're talking about. 333 00:19:11,840 --> 00:19:15,760 Speaker 8: Is the president's budget proposal for f Y twenty twenty 334 00:19:16,119 --> 00:19:20,959 Speaker 8: six looking forward. Reconciliation has to do with reconciling spending 335 00:19:20,960 --> 00:19:23,960 Speaker 8: that's already been passed into law with a budget resolution. 336 00:19:24,400 --> 00:19:27,199 Speaker 8: What we're talking about here is the future. Where are 337 00:19:27,240 --> 00:19:30,600 Speaker 8: we going? And what Congress is supposed to do now 338 00:19:30,680 --> 00:19:34,040 Speaker 8: is take this budget that the President has proposed and 339 00:19:34,240 --> 00:19:37,080 Speaker 8: use it as the framework for the f Y twenty 340 00:19:37,119 --> 00:19:41,200 Speaker 8: twenty six appropriations process that they'll go through. In an 341 00:19:41,240 --> 00:19:45,439 Speaker 8: actual world, that means that the twelve appropriation subcommittees go 342 00:19:45,520 --> 00:19:48,480 Speaker 8: through the budget line by line and figure out exactly 343 00:19:48,560 --> 00:19:51,400 Speaker 8: how they want to spend taxpayer money right moving forward. 344 00:19:51,600 --> 00:19:53,920 Speaker 8: This is the President saying, I think you should do 345 00:19:53,960 --> 00:19:56,360 Speaker 8: it this way. And when it comes to DOGE, what 346 00:19:56,440 --> 00:20:00,760 Speaker 8: you see in this President's budget is the DOGE identified 347 00:20:00,840 --> 00:20:05,119 Speaker 8: opportunities for cuts, put into law, put into writing. So 348 00:20:05,160 --> 00:20:07,760 Speaker 8: when the President says we got to get rid of 349 00:20:07,800 --> 00:20:14,440 Speaker 8: all of this weaponized and wasteful and progressive money that's 350 00:20:14,480 --> 00:20:18,480 Speaker 8: going to NGOs through international aid programs, that is reflected 351 00:20:18,520 --> 00:20:21,640 Speaker 8: in the cuts that he's proposed in this budget and 352 00:20:21,680 --> 00:20:22,720 Speaker 8: so on and so forth. 353 00:20:22,760 --> 00:20:24,480 Speaker 3: And now, as I said, it becomes. 354 00:20:24,080 --> 00:20:28,040 Speaker 8: Incumbent on Congress to actually take that proposal and make 355 00:20:28,080 --> 00:20:28,480 Speaker 8: it real. 356 00:20:29,720 --> 00:20:33,200 Speaker 3: Right, very good, excellent, outstanding. Eric hang with us. Ej 357 00:20:33,680 --> 00:20:38,080 Speaker 3: Antoni is also with us. He's got a bombshell. Your 358 00:20:38,160 --> 00:20:41,520 Speaker 3: heads are going to explode on this one. Ej Let 359 00:20:41,600 --> 00:20:42,080 Speaker 3: us have it. 360 00:20:44,400 --> 00:20:47,760 Speaker 6: David, I tell you what the big downward revisions for 361 00:20:47,840 --> 00:20:51,840 Speaker 6: Biden administration era data keep coming in thick and fast. 362 00:20:52,520 --> 00:20:55,360 Speaker 6: The latest that we literally just got this morning at 363 00:20:55,359 --> 00:20:58,400 Speaker 6: ten am from the Bureau of Labor Statistics shows that 364 00:20:58,440 --> 00:21:01,320 Speaker 6: in the third quarter of last year, or a period 365 00:21:01,359 --> 00:21:04,840 Speaker 6: when we were previously told the economy added three hundred 366 00:21:04,840 --> 00:21:08,240 Speaker 6: and ninety nine thousand jobs. It turns out that private 367 00:21:08,280 --> 00:21:11,680 Speaker 6: sector job growth in that quarter was precisely zero. 368 00:21:12,160 --> 00:21:14,360 Speaker 3: We added no private sector. 369 00:21:14,119 --> 00:21:19,480 Speaker 6: Jobs during that again time he would say, latest data. 370 00:21:18,640 --> 00:21:20,639 Speaker 3: Hit rewind say that one again. 371 00:21:22,280 --> 00:21:24,760 Speaker 6: In the third quarter of last year. So that's the 372 00:21:24,840 --> 00:21:29,120 Speaker 6: period from the end of June through the end of September. 373 00:21:29,440 --> 00:21:32,320 Speaker 6: We were told that last year the economy added three 374 00:21:32,359 --> 00:21:36,520 Speaker 6: hundred and ninety nine thousand jobs. After all the already 375 00:21:36,520 --> 00:21:41,000 Speaker 6: existing downward revisions. We so supposedly added almost four hundred 376 00:21:41,040 --> 00:21:44,399 Speaker 6: thousand non farm payrolls as they're called. And now the 377 00:21:44,520 --> 00:21:48,280 Speaker 6: latest data from the Business Employment Dynamics Report from the 378 00:21:48,320 --> 00:21:51,919 Speaker 6: Bureau of Labor Statistics, these are official government numbers, shows 379 00:21:51,960 --> 00:21:57,160 Speaker 6: the private sector added exactly zero jobs on net during 380 00:21:57,200 --> 00:21:59,960 Speaker 6: that time. In other words, all the job losses equal 381 00:22:00,280 --> 00:22:05,120 Speaker 6: the job gains, a net zero change. So there goes 382 00:22:05,160 --> 00:22:08,320 Speaker 6: three hundred and ninety nine thousand jobs that we supposedly had. 383 00:22:09,200 --> 00:22:12,479 Speaker 6: Once again, David, this is an example of where we 384 00:22:12,560 --> 00:22:16,480 Speaker 6: got data that was inaccurate. Of course, it was inaccurate 385 00:22:16,520 --> 00:22:19,119 Speaker 6: to the upside. In other words, things looked better than 386 00:22:19,160 --> 00:22:21,639 Speaker 6: they actually were. And this is a big reason why 387 00:22:21,800 --> 00:22:24,280 Speaker 6: President Trump got reelected last November. 388 00:22:24,560 --> 00:22:26,400 Speaker 3: People could only be told so much. 389 00:22:26,480 --> 00:22:29,400 Speaker 6: Don't believe your lying eyes and don't believe your empty wallets. 390 00:22:29,680 --> 00:22:32,320 Speaker 6: It didn't matter how many times the media told us 391 00:22:32,359 --> 00:22:34,800 Speaker 6: everyone has jobs. There were a lot of people sitting 392 00:22:34,840 --> 00:22:37,399 Speaker 6: there who couldn't get jobs, at least not very good ones. 393 00:22:37,840 --> 00:22:39,760 Speaker 6: And this report confirms that. 394 00:22:39,840 --> 00:22:40,000 Speaker 7: Now. 395 00:22:40,000 --> 00:22:44,840 Speaker 6: Of course, these data that we got today are essentially 396 00:22:44,840 --> 00:22:48,640 Speaker 6: going to be part of the annual revisions. But those 397 00:22:48,720 --> 00:22:51,360 Speaker 6: annual revisions don't come out right away, as the name 398 00:22:51,400 --> 00:22:54,760 Speaker 6: implies annual. They only come out once a year, and 399 00:22:54,800 --> 00:22:57,840 Speaker 6: they cover a period from March of one year to 400 00:22:57,960 --> 00:23:01,399 Speaker 6: March of the next. That means that we're not actually 401 00:23:01,400 --> 00:23:06,159 Speaker 6: going to get these data until next year. In other words, 402 00:23:06,320 --> 00:23:09,639 Speaker 6: we're not going to see the total impact on the 403 00:23:09,760 --> 00:23:13,000 Speaker 6: jobs numbers during the Biden, during the entirety of the Biden. 404 00:23:12,760 --> 00:23:16,520 Speaker 3: And last until twenty twenty seven. Last year's what was 405 00:23:16,600 --> 00:23:20,200 Speaker 3: last year's revision, Just as a reminder to the war room. 406 00:23:20,600 --> 00:23:24,360 Speaker 6: It was a downward revision of eight hundred thousand. I mean, 407 00:23:24,400 --> 00:23:28,720 Speaker 6: it was absolutely massive, and that what that essentially covers, though, 408 00:23:28,840 --> 00:23:33,480 Speaker 6: is just so people understand, these aren't calendar years. The 409 00:23:33,520 --> 00:23:36,680 Speaker 6: way the Bureau of Labor Statistics does this is from 410 00:23:36,800 --> 00:23:39,840 Speaker 6: March of one year to March of the next, so 411 00:23:39,880 --> 00:23:45,159 Speaker 6: it essentially includes quarter one of a certain year and 412 00:23:45,280 --> 00:23:48,400 Speaker 6: quarter two, three, and four of the previous year. Again, 413 00:23:48,440 --> 00:23:50,800 Speaker 6: it runs from March of one year to March of 414 00:23:50,840 --> 00:23:53,560 Speaker 6: the next, so it doesn't quite line up with the calendar. 415 00:23:54,600 --> 00:23:58,320 Speaker 3: Yep, outstanding, EJA. Give me an end, Eric, if you're 416 00:23:58,320 --> 00:24:00,639 Speaker 3: still with let's give us you know, we cover the 417 00:24:00,720 --> 00:24:04,159 Speaker 3: downers and the reality of the papers by President Trump. 418 00:24:04,160 --> 00:24:07,520 Speaker 3: You know, two trillion capital investment committed by US firms 419 00:24:07,520 --> 00:24:11,879 Speaker 3: seven trillion overall from other countries coming this way. How 420 00:24:11,880 --> 00:24:14,920 Speaker 3: would you frame that good news for the American workers 421 00:24:14,920 --> 00:24:17,280 Speaker 3: for manufacturing for jobs back EJ. 422 00:24:17,440 --> 00:24:21,520 Speaker 6: And then Eric, well, we got to remember when we're 423 00:24:21,520 --> 00:24:24,280 Speaker 6: talking about all this investment pouring into this country, what 424 00:24:24,320 --> 00:24:26,479 Speaker 6: are people getting in exchange. 425 00:24:25,960 --> 00:24:26,960 Speaker 3: For this investment? 426 00:24:27,040 --> 00:24:31,200 Speaker 6: In other words, this capital surplus, all this capital flowing 427 00:24:31,200 --> 00:24:34,479 Speaker 6: into the country, which is going to create American jobs, 428 00:24:34,520 --> 00:24:37,920 Speaker 6: It's going to create revenue streams for Americans. Right, We're 429 00:24:37,920 --> 00:24:40,879 Speaker 6: going to see a return on investment here as well 430 00:24:40,920 --> 00:24:43,920 Speaker 6: as return on investment abroad. That's great when we see 431 00:24:43,920 --> 00:24:47,439 Speaker 6: capital flowing into the country. That's the flip side of 432 00:24:47,560 --> 00:24:50,680 Speaker 6: the trade deficit. We often look at the trade deficit 433 00:24:50,920 --> 00:24:53,880 Speaker 6: and we think that it's always in everywhere bad. It's 434 00:24:53,920 --> 00:24:57,840 Speaker 6: really not. Think of a trade deficit like putting on weight. 435 00:24:58,040 --> 00:24:59,720 Speaker 6: You can put on weight for a good reason or 436 00:24:59,720 --> 00:25:02,200 Speaker 6: a bad that reason. You can either be gaining muscle 437 00:25:02,280 --> 00:25:04,480 Speaker 6: because you're working out, or you can be gaining fat 438 00:25:04,480 --> 00:25:06,800 Speaker 6: because you're reading too much and not working out. When 439 00:25:06,840 --> 00:25:09,600 Speaker 6: we talk about all this investment pouring into the country, 440 00:25:09,840 --> 00:25:13,320 Speaker 6: that's like putting on muscle. Conversely, when we're selling off 441 00:25:13,359 --> 00:25:16,320 Speaker 6: all of our farmland to the Chinese Communist Party, that's 442 00:25:16,359 --> 00:25:19,720 Speaker 6: like putting on fat. So when we talk about trade 443 00:25:19,760 --> 00:25:22,800 Speaker 6: and we talk about all these trade negotiations, remember we're 444 00:25:22,800 --> 00:25:25,600 Speaker 6: trying to get a better deal for American exporters and 445 00:25:25,640 --> 00:25:28,760 Speaker 6: for American workers. We are not trying to eliminate the 446 00:25:28,760 --> 00:25:32,760 Speaker 6: trade deficit. The trade deficit very oftentimes gets a bad rap. 447 00:25:32,960 --> 00:25:35,800 Speaker 6: But the flip side of the trade deficit right now 448 00:25:36,080 --> 00:25:39,199 Speaker 6: is an investment surplus, and that's a good thing. We 449 00:25:39,320 --> 00:25:42,000 Speaker 6: don't want to see that go away because that investment 450 00:25:42,040 --> 00:25:45,399 Speaker 6: surplus is how we get again more American jobs and 451 00:25:45,480 --> 00:25:46,800 Speaker 6: more return on investment. 452 00:25:47,000 --> 00:25:49,520 Speaker 3: Eric, why don't you close us out? One minute left? Eric, 453 00:25:49,640 --> 00:25:52,720 Speaker 3: why don't you close us out? Just think about what 454 00:25:52,720 --> 00:25:53,680 Speaker 3: EJ is saying. 455 00:25:53,880 --> 00:25:57,200 Speaker 8: Every job that was created under the Biden administration was 456 00:25:57,200 --> 00:26:01,600 Speaker 8: a government job, every single job. That's not an economy. 457 00:26:01,640 --> 00:26:04,639 Speaker 8: I agree with EJ. You do want this capital investment, 458 00:26:04,880 --> 00:26:09,560 Speaker 8: but you want it to flow into real productive capacity, 459 00:26:09,800 --> 00:26:13,280 Speaker 8: real industry. And I'm excited that the president is leading 460 00:26:13,280 --> 00:26:16,119 Speaker 8: America into a place where all these government workers whose 461 00:26:16,160 --> 00:26:18,840 Speaker 8: budget he's cutting will have a place to go. 462 00:26:18,760 --> 00:26:22,760 Speaker 3: And get a real job before long. Yep, great news, EJ. 463 00:26:23,160 --> 00:26:25,760 Speaker 3: I Antoni, Eric Titzel, thanks for being with us. You're 464 00:26:25,760 --> 00:26:28,800 Speaker 3: not going to get two smarter guys together only on 465 00:26:28,840 --> 00:26:32,840 Speaker 3: the War Room. Make sure you're sharing this show, this platform, 466 00:26:33,240 --> 00:26:35,520 Speaker 3: and all the hard work Steve Man puts in every 467 00:26:35,600 --> 00:26:39,800 Speaker 3: day with all your friends. I have people I go 468 00:26:39,840 --> 00:26:43,960 Speaker 3: across the country talking now and everywhere I go people 469 00:26:44,359 --> 00:26:47,760 Speaker 3: once they watch this show. The other news shows are 470 00:26:48,000 --> 00:26:50,600 Speaker 3: just weak. It's the only way to put it. The 471 00:26:50,640 --> 00:26:53,800 Speaker 3: war Room stands unique. What Steve puts together every day 472 00:26:53,840 --> 00:26:58,880 Speaker 3: with these hundreds of newspapers unbelievable. Stay tuned, he's your 473 00:26:58,880 --> 00:27:05,280 Speaker 3: hosts came all right, Dave brad Borom sending with great 474 00:27:05,280 --> 00:27:08,320 Speaker 3: Stephen K. Bannon out on assignment. I'm just gonna share 475 00:27:08,320 --> 00:27:12,000 Speaker 3: one quick headline today. It's huge New York Times lead 476 00:27:12,240 --> 00:27:17,440 Speaker 3: opinion piece. Again, just total distortion of reality coming from 477 00:27:17,520 --> 00:27:22,080 Speaker 3: these the elitist crew. The presidency has become too powerful 478 00:27:22,200 --> 00:27:26,400 Speaker 3: by Jack Goldsmith. President Trump's wrecking ball second term has 479 00:27:26,480 --> 00:27:31,119 Speaker 3: revealed the full latent power of the presidency. Thank god. 480 00:27:31,600 --> 00:27:35,240 Speaker 3: Perhaps Jack Goldsmith has forgotten about the latent power of 481 00:27:35,359 --> 00:27:40,919 Speaker 3: President Biden that he exerted bringing in ten million illegal immigrants, 482 00:27:41,480 --> 00:27:46,520 Speaker 3: strategically coordinated events, a million dead boys laying over a Ukraine, 483 00:27:46,600 --> 00:27:50,879 Speaker 3: Russia that could have been easily avoided, thirty seven trained 484 00:27:50,880 --> 00:27:53,920 Speaker 3: to debt, Biden pardons everybody on the way out the door. 485 00:27:54,440 --> 00:27:59,359 Speaker 3: And Jack Goldsmith, the opinion leader here at the New 486 00:27:59,440 --> 00:28:04,439 Speaker 3: York Times, instead of weighing in and I think he's 487 00:28:04,520 --> 00:28:07,040 Speaker 3: under George Bush, it says, yeah, so instead of going 488 00:28:07,080 --> 00:28:10,359 Speaker 3: after Congress, why isn't anybody going after Congress? If the 489 00:28:10,400 --> 00:28:12,520 Speaker 3: president's too powerful? Well, why don't you write a letter 490 00:28:12,520 --> 00:28:16,119 Speaker 3: about the Congress not doing anything? That seems to be 491 00:28:16,160 --> 00:28:20,040 Speaker 3: a more profitable way to go Anyway, On that note, 492 00:28:20,280 --> 00:28:23,720 Speaker 3: we've got Dave Walsh coming in to explain President Trump 493 00:28:23,800 --> 00:28:27,000 Speaker 3: is using his full latent powers to restore our economy 494 00:28:27,040 --> 00:28:30,360 Speaker 3: and restore energy, and so Dave give it to us. 495 00:28:31,040 --> 00:28:32,600 Speaker 3: I think you've got to chart it up for us 496 00:28:32,600 --> 00:28:34,240 Speaker 3: and just call for it when you need it. 497 00:28:35,520 --> 00:28:39,360 Speaker 7: You know, electrification in abundance at low cost is certainly 498 00:28:39,360 --> 00:28:42,200 Speaker 7: at the core of any ability to reshore manufacturing and 499 00:28:42,280 --> 00:28:45,800 Speaker 7: restructure and rebuild the economy and for US to export 500 00:28:45,840 --> 00:28:51,000 Speaker 7: heavily again industrial products. We've had recently a majority of 501 00:28:51,040 --> 00:28:56,640 Speaker 7: the major grid coordinators PJM, MISO, the Southwest Powerpool SWICK, 502 00:28:56,720 --> 00:29:01,920 Speaker 7: which is California, Nevada, Arizona, New Mexico before Congress reporting 503 00:29:01,960 --> 00:29:06,360 Speaker 7: out in more vigorous terms than I use, the electrification 504 00:29:06,520 --> 00:29:10,480 Speaker 7: shortage in all of their regions. And these regions include 505 00:29:10,600 --> 00:29:13,920 Speaker 7: the two hundred and eighty million US citizens. We've got 506 00:29:14,040 --> 00:29:16,680 Speaker 7: half of the regions in the country under warning by 507 00:29:16,760 --> 00:29:21,040 Speaker 7: NERK for the National Electoral Liability Association for shortages and 508 00:29:21,040 --> 00:29:24,960 Speaker 7: brownouts like the one in Spain, affecting possibly up to 509 00:29:25,000 --> 00:29:27,920 Speaker 7: half the people in the country across the Upper Midwest, 510 00:29:28,560 --> 00:29:31,480 Speaker 7: the West in SVP, PJM, which is where you're sitting 511 00:29:31,560 --> 00:29:36,000 Speaker 7: day Virginia and Maryland, Delaware, Pennsylvania, Eastern Ohio MISO, which 512 00:29:36,080 --> 00:29:41,000 Speaker 7: is fifteen states in the Midwest, covering about forty million people. 513 00:29:41,280 --> 00:29:43,800 Speaker 7: Warnings in the peak days of the summer heat and 514 00:29:43,800 --> 00:29:48,160 Speaker 7: the peak days of winter cold, the accelerated the possibility 515 00:29:48,200 --> 00:29:52,560 Speaker 7: of brownout's due to not enough electrification. MASO has made 516 00:29:52,560 --> 00:29:54,160 Speaker 7: a big point of this. I have a slide one 517 00:29:54,200 --> 00:29:57,920 Speaker 7: slide to show about that how this works. If you 518 00:29:58,000 --> 00:30:01,040 Speaker 7: look the blue line across two forty two this is 519 00:30:01,080 --> 00:30:05,440 Speaker 7: within MISO, again, fifteen states across the Midwest, forty million people. 520 00:30:05,880 --> 00:30:09,800 Speaker 7: The blue line is the advertised rating plate capacity of 521 00:30:09,880 --> 00:30:13,480 Speaker 7: new generation being added out there, which looks like a lot, 522 00:30:13,560 --> 00:30:16,840 Speaker 7: looks like close to sixty gigawats. The trouble is that's 523 00:30:16,960 --> 00:30:19,280 Speaker 7: momentary maximum capacity. 524 00:30:19,360 --> 00:30:21,080 Speaker 3: That number the rating plate number. 525 00:30:21,480 --> 00:30:24,520 Speaker 7: The real energy capacity is the red line, and you 526 00:30:24,560 --> 00:30:30,800 Speaker 7: can see net capacity on continuous energy is reducing in 527 00:30:30,880 --> 00:30:33,600 Speaker 7: the same period by close to thirty eight percent. 528 00:30:34,360 --> 00:30:36,800 Speaker 3: Because all of the resources. 529 00:30:36,200 --> 00:30:39,160 Speaker 7: Being bid in to be built in the next twenty 530 00:30:39,240 --> 00:30:42,840 Speaker 7: years across MISO basically are solar a the big part 531 00:30:42,880 --> 00:30:48,000 Speaker 7: now solar, secondly wind, third battery storage, a little bit 532 00:30:48,000 --> 00:30:50,960 Speaker 7: of gas turbine combined cycle that actually runs all the time. 533 00:30:51,280 --> 00:30:53,920 Speaker 7: But in the vast majority eighty percent of the queue, 534 00:30:54,280 --> 00:30:57,320 Speaker 7: what investors are bidding into Miso to erect and PJAM 535 00:30:57,440 --> 00:31:00,680 Speaker 7: to erect, and actually around the country is all solar 536 00:31:00,720 --> 00:31:03,760 Speaker 7: and battery storage based on taking advantage of these huge 537 00:31:03,800 --> 00:31:08,440 Speaker 7: incentives incentives to buy equipment from China, install it here 538 00:31:08,600 --> 00:31:12,480 Speaker 7: and go ahead and electrify with vastly reduced energy equipment. 539 00:31:13,280 --> 00:31:14,080 Speaker 3: So you've got a. 540 00:31:14,000 --> 00:31:16,320 Speaker 7: Lot of the country under warning for Brannautz, just the 541 00:31:16,360 --> 00:31:20,360 Speaker 7: same as Spainhead. And we came perilously close last summer 542 00:31:20,480 --> 00:31:24,960 Speaker 7: in SPP the Southwest Firepool fifteen States, on three separate 543 00:31:25,000 --> 00:31:28,120 Speaker 7: days in August of losing the grid there under severe 544 00:31:28,120 --> 00:31:31,520 Speaker 7: warnings of a resource advisory on August twenty third, August 545 00:31:31,560 --> 00:31:35,240 Speaker 7: twenty fifth, a conservative operations advisory, and finally on the 546 00:31:35,280 --> 00:31:38,720 Speaker 7: twenty six an emergency alert because thirty seven thousand megawatts 547 00:31:38,760 --> 00:31:42,520 Speaker 7: of wind in that region, in that huge region fifteen states, 548 00:31:42,920 --> 00:31:46,240 Speaker 7: dropped to twelve hundred megawatts all of a sudden, So 549 00:31:46,320 --> 00:31:49,320 Speaker 7: we had warning advisories that we were that close on 550 00:31:49,360 --> 00:31:52,760 Speaker 7: a if you go to a Monty Carlos simulation or gambling, 551 00:31:53,120 --> 00:31:55,959 Speaker 7: we were that close to losing that whole grid last summer, 552 00:31:56,280 --> 00:31:59,800 Speaker 7: Texas just two years before, eight separate days, we were 553 00:31:59,800 --> 00:32:02,840 Speaker 7: that close, within five to six percent of losing the 554 00:32:02,960 --> 00:32:06,240 Speaker 7: entire grid because of now not enough electrification due to 555 00:32:06,240 --> 00:32:09,760 Speaker 7: the mass adoption of part time, very part time devices. 556 00:32:10,320 --> 00:32:13,400 Speaker 7: This just doesn't work mathematically. And Grit and the good 557 00:32:13,440 --> 00:32:15,080 Speaker 7: management are saying, it's very loud and clearer. 558 00:32:16,480 --> 00:32:19,880 Speaker 3: Yep, good Dave, give us a closing minute. How did 559 00:32:19,920 --> 00:32:24,719 Speaker 3: we get here? The border? The border invasion ten million 560 00:32:25,400 --> 00:32:31,440 Speaker 3: orchestrated this almost no one's this incompetent? How did this happen? 561 00:32:31,560 --> 00:32:33,320 Speaker 3: And how long will it take us to turn it 562 00:32:33,360 --> 00:32:35,240 Speaker 3: around into in about a minute. 563 00:32:36,200 --> 00:32:38,720 Speaker 7: The Left and Sierra Club put a wrecking ball to 564 00:32:38,800 --> 00:32:42,000 Speaker 7: nuclear power about thirty five years ago. Basically we stopped 565 00:32:42,000 --> 00:32:44,640 Speaker 7: directing new nuclear in this country that we now love again. 566 00:32:44,720 --> 00:32:47,680 Speaker 7: Thank god, we stopped directing it thirty five years ago. 567 00:32:47,720 --> 00:32:50,240 Speaker 7: The capacity to build that now is very very limited 568 00:32:50,320 --> 00:32:54,480 Speaker 7: here then, under the Obama administration is eight years in office. 569 00:32:54,520 --> 00:32:56,840 Speaker 7: Put a wrecking ball. This is well documented through his 570 00:32:56,920 --> 00:32:58,760 Speaker 7: DOE and EPA to. 571 00:32:58,760 --> 00:32:59,600 Speaker 3: The coal industry. 572 00:33:00,040 --> 00:33:02,400 Speaker 7: So where we were about fifty three percent coal fired 573 00:33:02,440 --> 00:33:06,840 Speaker 7: continuous duty base load coal pile equals storage four months 574 00:33:06,840 --> 00:33:07,680 Speaker 7: worth of storage. 575 00:33:07,920 --> 00:33:10,960 Speaker 3: Put a wrecking ball to that industry. Wanted to terminate coal, 576 00:33:11,280 --> 00:33:12,440 Speaker 3: And those were the words. 577 00:33:12,160 --> 00:33:15,480 Speaker 7: Of his EPA, which which helped us attack the Clean 578 00:33:15,520 --> 00:33:18,520 Speaker 7: Power Plan vias cotas that they were overreaching their. 579 00:33:18,360 --> 00:33:22,400 Speaker 3: Power and their charter in doing so. But he put 580 00:33:22,400 --> 00:33:23,360 Speaker 3: a wrecking ball to coal. 581 00:33:23,880 --> 00:33:26,720 Speaker 7: Biden during his administration put a wrecking ball to gas 582 00:33:26,800 --> 00:33:29,920 Speaker 7: fired combined cycle power plants, which is now forty two 583 00:33:29,960 --> 00:33:32,760 Speaker 7: percent of the electrification of the country, stuff that runs 584 00:33:32,760 --> 00:33:35,800 Speaker 7: all the time based on American natural gas. He put 585 00:33:35,840 --> 00:33:39,640 Speaker 7: in place EPA mandates to discontinue unless carbon capture were 586 00:33:39,680 --> 00:33:43,640 Speaker 7: applied natural gas fired power by within about six years. 587 00:33:44,000 --> 00:33:48,240 Speaker 7: So that the Democrats have consistently made moves under the 588 00:33:48,240 --> 00:33:52,240 Speaker 7: guise of a no strategy, only a carbon reduction strategy, 589 00:33:52,680 --> 00:33:56,760 Speaker 7: nothing about added energy to sap the electrification of the country. 590 00:33:56,800 --> 00:33:59,240 Speaker 7: So look at the last six years, we've added the 591 00:33:59,320 --> 00:34:02,840 Speaker 7: supposedly three hundred and thirty thousand Megawatson equipment only adding 592 00:34:02,840 --> 00:34:05,960 Speaker 7: only point four percent growth in energy because it's all 593 00:34:05,960 --> 00:34:09,040 Speaker 7: part time stuff. It's ninety percent of its yeah, battery 594 00:34:09,080 --> 00:34:12,279 Speaker 7: storage and solar which operates yeah five hours a day 595 00:34:12,320 --> 00:34:13,680 Speaker 7: and two hours a day, respectively. 596 00:34:13,719 --> 00:34:17,719 Speaker 3: That's a disaster. Very outstanding, Dave. We got to bring 597 00:34:17,719 --> 00:34:20,839 Speaker 3: in Eric Prince on the latest India Pakistan news. How 598 00:34:20,840 --> 00:34:21,759 Speaker 3: do people get you, Dave? 599 00:34:22,760 --> 00:34:25,360 Speaker 7: Okay, he reached me on the getter true social eects 600 00:34:25,440 --> 00:34:26,520 Speaker 7: at Dave Walsh Energy. 601 00:34:26,960 --> 00:34:31,720 Speaker 3: Thank you, Dave. Thanks hugely important. Dave Walsh. Follow him. 602 00:34:31,840 --> 00:34:35,239 Speaker 3: Eric Prince and the headline Washington Post today India hits 603 00:34:35,280 --> 00:34:39,359 Speaker 3: Pakistan and retaliatory strikes. Pakistan says they're going to punch back. 604 00:34:39,719 --> 00:34:44,680 Speaker 3: How serious is this? Eric Prince with us. He's one 605 00:34:44,719 --> 00:34:48,360 Speaker 3: of the most knowledgeable guys about all things military in 606 00:34:48,680 --> 00:34:50,200 Speaker 3: the world. Lucky to have him on the war room. 607 00:34:50,239 --> 00:34:52,800 Speaker 3: Welcome Eric. What's going on over in India Pakistan? 608 00:34:53,400 --> 00:34:55,040 Speaker 5: That's quite an intro, Dave. 609 00:34:55,120 --> 00:34:55,440 Speaker 8: Thank you. 610 00:34:55,960 --> 00:34:59,400 Speaker 9: Look, the last time that India hit back at Pakistan 611 00:34:59,440 --> 00:35:03,279 Speaker 9: some years ago, all of their bombs missed. They had 612 00:35:03,719 --> 00:35:06,959 Speaker 9: spent a lot of money, and it's very dangerous when 613 00:35:07,080 --> 00:35:09,280 Speaker 9: you spend a lot of money to think that spending 614 00:35:09,360 --> 00:35:14,080 Speaker 9: money equals capacity because clearly the last time they hit, 615 00:35:14,400 --> 00:35:18,960 Speaker 9: the targeting data, the geo coordinates and elevation have to 616 00:35:18,960 --> 00:35:21,279 Speaker 9: be exactly right for the bomb to hit where it's 617 00:35:21,280 --> 00:35:27,399 Speaker 9: supposed to. I think in this case, the attacks, which 618 00:35:27,440 --> 00:35:32,160 Speaker 9: were obviously done by Muslim extremists inside India, I'm not 619 00:35:32,320 --> 00:35:36,160 Speaker 9: convinced that it was with any kind of actual Pakistani 620 00:35:36,200 --> 00:35:37,239 Speaker 9: government sponsorship. 621 00:35:37,760 --> 00:35:38,520 Speaker 5: The fact is the. 622 00:35:38,440 --> 00:35:44,240 Speaker 9: Pakistani military is battling the Pakistani Taliban, takes up about 623 00:35:44,239 --> 00:35:48,400 Speaker 9: sixty percent of the military's efforts combatting them along the 624 00:35:48,400 --> 00:35:49,200 Speaker 9: Afghan border. 625 00:35:51,440 --> 00:35:52,120 Speaker 5: I would not be. 626 00:35:52,120 --> 00:35:55,600 Speaker 9: Surprised if those same Pakistani Taliban stimulated this attack to 627 00:35:55,640 --> 00:35:58,920 Speaker 9: cause this level of trouble with India. But both the 628 00:35:59,280 --> 00:36:04,600 Speaker 9: Indian military is not very capable, not very serious, and 629 00:36:04,640 --> 00:36:06,120 Speaker 9: I'm you know, Pakistan. 630 00:36:05,640 --> 00:36:06,520 Speaker 5: Will try to hit back. 631 00:36:06,920 --> 00:36:09,160 Speaker 9: I don't see this going anywhere because both of those 632 00:36:09,160 --> 00:36:13,600 Speaker 9: countries would suffer massively if they got into an actual 633 00:36:13,719 --> 00:36:17,240 Speaker 9: dust up with tens of millions of refugees. 634 00:36:17,200 --> 00:36:17,879 Speaker 5: On top of. 635 00:36:19,320 --> 00:36:22,040 Speaker 9: You know, displaced people, casualties and mayhem. Both of those 636 00:36:22,080 --> 00:36:23,960 Speaker 9: countries are kind of living on the edge as it is. 637 00:36:24,600 --> 00:36:26,200 Speaker 5: The last thing they need is a war. 638 00:36:27,719 --> 00:36:33,040 Speaker 3: Good good, well, hey, yeah, that's positive, more positive news. 639 00:36:33,920 --> 00:36:37,160 Speaker 3: You won't hear any of the mainstream media of the 640 00:36:37,160 --> 00:36:40,319 Speaker 3: Wall Street journal I just covered today, just total misinformation 641 00:36:40,440 --> 00:36:42,960 Speaker 3: on the progress Trump's making on trade. One of the 642 00:36:43,000 --> 00:36:47,320 Speaker 3: biggest moves is with India. Mody, they had a great meeting. 643 00:36:47,920 --> 00:36:51,000 Speaker 3: It looks like India has made a bunch of moves 644 00:36:51,040 --> 00:36:55,040 Speaker 3: that are pro US. Trump likes win wins. Are you 645 00:36:55,120 --> 00:36:57,520 Speaker 3: following India? How do you think we're doing with India? 646 00:36:57,520 --> 00:36:59,680 Speaker 3: And then any any more? You want to report on 647 00:36:59,719 --> 00:37:02,640 Speaker 3: the trade wars and how that's going to make the 648 00:37:02,719 --> 00:37:03,560 Speaker 3: US great again. 649 00:37:04,719 --> 00:37:07,640 Speaker 9: You know, I would not be that excited if we 650 00:37:07,680 --> 00:37:10,280 Speaker 9: got to a zero, zero trade deal with India because 651 00:37:10,320 --> 00:37:14,279 Speaker 9: their cost of labor is a micro fraction of what ours. 652 00:37:14,320 --> 00:37:15,240 Speaker 5: Disney United States. 653 00:37:15,800 --> 00:37:19,880 Speaker 9: Their cost of environmental compliance is zero compared to what 654 00:37:19,880 --> 00:37:21,920 Speaker 9: it is the United States. They would put a lot 655 00:37:21,920 --> 00:37:24,560 Speaker 9: of US manufacturing at a significant disadvantage. 656 00:37:24,719 --> 00:37:27,880 Speaker 5: I looked Dave. I'm very old school on tariffs. 657 00:37:28,160 --> 00:37:30,560 Speaker 9: I think a flat ten or fifteen percent tariff on 658 00:37:30,600 --> 00:37:33,160 Speaker 9: anything coming in the United States is a good thing. 659 00:37:33,320 --> 00:37:37,080 Speaker 9: I think protecting domestic manufacturing is a very good thing. 660 00:37:37,360 --> 00:37:41,840 Speaker 9: And until the idea of free trade with a country 661 00:37:41,880 --> 00:37:45,160 Speaker 9: where less than fifty percent of the people actually used toilets, 662 00:37:46,600 --> 00:37:49,520 Speaker 9: there's a fool's errand. And the last time I was 663 00:37:49,560 --> 00:37:52,600 Speaker 9: in Delhi was four years ago, and there was a 664 00:37:52,600 --> 00:37:56,560 Speaker 9: big billboard in the airport from the National Ministry of 665 00:37:56,600 --> 00:37:59,120 Speaker 9: Health saying, help us reach our goal this year of 666 00:37:59,200 --> 00:38:01,640 Speaker 9: fifty percent toilet use across the country. 667 00:38:01,880 --> 00:38:04,040 Speaker 5: So I don't get all excited about anything. 668 00:38:03,719 --> 00:38:07,360 Speaker 9: To do with India culturally, not like US at all, 669 00:38:07,800 --> 00:38:11,560 Speaker 9: and a long ways to go until they're manufacturing. 670 00:38:12,600 --> 00:38:14,640 Speaker 5: As the same cost structure that America's does. 671 00:38:14,719 --> 00:38:19,000 Speaker 9: And I would rather protect the American heartland versus in 672 00:38:19,040 --> 00:38:20,920 Speaker 9: any way making India greats. 673 00:38:21,800 --> 00:38:24,400 Speaker 3: Yeah, I agree with you. I think that's all spot on, 674 00:38:24,560 --> 00:38:27,239 Speaker 3: and I think that is part of the trade framework. 675 00:38:28,360 --> 00:38:33,040 Speaker 3: It's trade, non trade, unfair practices, all that's in the negotiation. 676 00:38:33,200 --> 00:38:35,560 Speaker 3: I think you know all that, and that's why you 677 00:38:35,560 --> 00:38:38,400 Speaker 3: said the ten percent. There's a buffer until we get there. 678 00:38:39,120 --> 00:38:41,719 Speaker 3: The good news, in my mind there had to do 679 00:38:41,840 --> 00:38:46,560 Speaker 3: with the second most populous country on Earth, India as 680 00:38:46,600 --> 00:38:52,440 Speaker 3: a strategic vehicle versus China from what I'm and I 681 00:38:52,480 --> 00:38:54,800 Speaker 3: want to get you on to hear what you're hearing 682 00:38:54,840 --> 00:38:57,919 Speaker 3: in China. I mean, I'm out on YouTube and there's 683 00:38:58,040 --> 00:39:02,000 Speaker 3: riots and protests in the streets across China. It's not 684 00:39:02,080 --> 00:39:06,600 Speaker 3: a one off. People wages not getting paid, no benefits, 685 00:39:06,920 --> 00:39:11,200 Speaker 3: retirement is out of whack. The youth are upset. She 686 00:39:11,520 --> 00:39:13,680 Speaker 3: could be in trouble, according to some folks. So what 687 00:39:13,719 --> 00:39:14,600 Speaker 3: do you know on that one? 688 00:39:14,719 --> 00:39:18,040 Speaker 9: Eric, Even before this trade dust up, what I can 689 00:39:18,080 --> 00:39:21,760 Speaker 9: even tell you from Trump administration forty five, the Chinese 690 00:39:21,800 --> 00:39:25,120 Speaker 9: Communist Party was very concerned about Trump's policy on trade 691 00:39:25,239 --> 00:39:28,080 Speaker 9: and actually getting tough with them. Now that he's actually 692 00:39:28,120 --> 00:39:33,040 Speaker 9: clearly gotten tough with them, it is a massive threat 693 00:39:33,040 --> 00:39:35,680 Speaker 9: that the Chinese people kind of have this deal with 694 00:39:35,760 --> 00:39:39,080 Speaker 9: the Chinese Communist Party that they're supposed to deliver economic development, 695 00:39:39,400 --> 00:39:42,880 Speaker 9: and in exchange, people have effectively no rights and no 696 00:39:43,120 --> 00:39:48,560 Speaker 9: actual freedoms. And now that the economic growth is very 697 00:39:48,640 --> 00:39:51,839 Speaker 9: much in peril in the short term, there's going to 698 00:39:51,840 --> 00:39:56,160 Speaker 9: be major unrest because of it. So and on top 699 00:39:56,200 --> 00:40:00,279 Speaker 9: of that, She's war on corruption before that really rushed 700 00:40:00,280 --> 00:40:01,839 Speaker 9: a lot of the entrepreneur class and. 701 00:40:01,760 --> 00:40:05,080 Speaker 7: Created the the. 702 00:40:04,200 --> 00:40:07,280 Speaker 9: Small medium enterprises which were creating the jobs. 703 00:40:08,600 --> 00:40:11,440 Speaker 5: That's that's all largely dried up. And when you when 704 00:40:11,480 --> 00:40:11,960 Speaker 5: you take. 705 00:40:11,880 --> 00:40:16,280 Speaker 9: Jack Ma who's the the bezos Steve Jobs of China, 706 00:40:16,560 --> 00:40:19,880 Speaker 9: and you disappear him from society and he re emerges 707 00:40:19,920 --> 00:40:22,879 Speaker 9: six months later having embraced supervision because he said something 708 00:40:22,920 --> 00:40:27,000 Speaker 9: negative against the state that's a problem. So China as 709 00:40:27,920 --> 00:40:30,920 Speaker 9: they rode a wave of massive economic expansion for years 710 00:40:31,000 --> 00:40:35,360 Speaker 9: and G has crushed that innovation, freedom of maneuver. 711 00:40:35,960 --> 00:40:39,480 Speaker 3: Can you hold with us over the break, Eric, We're 712 00:40:39,480 --> 00:40:41,080 Speaker 3: going to break. I'd love to get you back. I 713 00:40:41,120 --> 00:40:44,480 Speaker 3: want to see if there's other even more hardline UH 714 00:40:45,000 --> 00:40:48,440 Speaker 3: power brokers in line to replace G. Your comments on 715 00:40:48,480 --> 00:40:52,000 Speaker 3: that after the break, Stay tuned. Wool Room Posse back 716 00:40:52,080 --> 00:40:59,959 Speaker 3: in one minute us Stephen. 717 00:41:03,960 --> 00:41:04,480 Speaker 7: The war Room. 718 00:41:04,760 --> 00:41:05,279 Speaker 9: H D. K. 719 00:41:05,480 --> 00:41:09,400 Speaker 3: Bannon today one of the war Room favorites, Eric Prince. 720 00:41:10,440 --> 00:41:14,600 Speaker 3: Everyone weighs his words very carefully. Eric, give us a 721 00:41:14,640 --> 00:41:20,200 Speaker 3: closing two minute summary on China, China's weakening and G's 722 00:41:20,239 --> 00:41:24,280 Speaker 3: position within that weakening apparatus of the CCP. 723 00:41:26,000 --> 00:41:29,759 Speaker 9: So, even in China there's political factions. She is part 724 00:41:29,800 --> 00:41:32,600 Speaker 9: of the Young Prince Legs his father literally rolled with 725 00:41:32,719 --> 00:41:36,279 Speaker 9: Mao back in the day for the Long March. There's 726 00:41:36,320 --> 00:41:39,640 Speaker 9: the Shanghai faction which he really crushed over COVID and 727 00:41:39,840 --> 00:41:44,120 Speaker 9: the Communist Youth League. Those two segments have been degraded 728 00:41:44,239 --> 00:41:50,319 Speaker 9: a lot. However, the weakening of the economy, the uncertainty 729 00:41:50,560 --> 00:41:55,480 Speaker 9: around economic growth, and all those things have definitely made 730 00:41:56,040 --> 00:42:00,920 Speaker 9: G's inevitability impaired. On top of that, all the generals 731 00:42:00,960 --> 00:42:04,640 Speaker 9: that surround him have all paid for their positions, and 732 00:42:04,719 --> 00:42:10,400 Speaker 9: so it's a very interesting quandary what they're going to 733 00:42:10,440 --> 00:42:13,320 Speaker 9: do on Taiwan, because the generals, I'm sure are saying, 734 00:42:13,480 --> 00:42:17,279 Speaker 9: let's go. They believe their own they they're high on 735 00:42:17,320 --> 00:42:22,479 Speaker 9: their own supply, and she needs to make a deal 736 00:42:23,080 --> 00:42:25,279 Speaker 9: to have some kind of economic pathway through this. So 737 00:42:25,320 --> 00:42:28,200 Speaker 9: I think Trump is in a very good position to 738 00:42:28,880 --> 00:42:29,680 Speaker 9: hold their feet to the. 739 00:42:29,680 --> 00:42:31,440 Speaker 5: Fire and to correct it. 740 00:42:31,800 --> 00:42:35,799 Speaker 9: If Trump had not done this, the consolidation of economic 741 00:42:36,200 --> 00:42:40,000 Speaker 9: of manufacturing in China outside of the United States was. 742 00:42:41,760 --> 00:42:44,799 Speaker 5: Getting to the point of no return, and so it is. 743 00:42:44,840 --> 00:42:47,279 Speaker 9: High time to bring a lot of that manufacturing back 744 00:42:47,320 --> 00:42:53,120 Speaker 9: to America, whether it's pharmaceuticals, chips, electronics, a lot of 745 00:42:53,160 --> 00:42:55,239 Speaker 9: things we take for granted. It makes sense to make 746 00:42:55,320 --> 00:42:59,200 Speaker 9: it in America, not in China. Not not with people that. 747 00:43:01,000 --> 00:43:03,720 Speaker 5: Our constitution, our freedoms, and our way of life. 748 00:43:05,160 --> 00:43:12,480 Speaker 3: Yeah, excellent outstanding overview. Last short question, is China pass 749 00:43:12,600 --> 00:43:16,400 Speaker 3: the point where they can just crush their population social 750 00:43:16,480 --> 00:43:21,120 Speaker 3: media communication over there if the hardliners come in. I 751 00:43:21,160 --> 00:43:24,160 Speaker 3: think the Taiwan play like you said, is a way 752 00:43:24,200 --> 00:43:27,360 Speaker 3: they can pull that off. But can they still just 753 00:43:27,480 --> 00:43:32,560 Speaker 3: one repress their people like Daneman, Well. 754 00:43:32,360 --> 00:43:35,359 Speaker 9: That was a very small segment. There was a few 755 00:43:35,400 --> 00:43:36,200 Speaker 9: thousand people. 756 00:43:36,680 --> 00:43:39,960 Speaker 5: They brought troops from the most rural areas, the most. 757 00:43:39,760 --> 00:43:47,880 Speaker 9: Ignorant troops to come in and smash them. I'd say, 758 00:43:48,360 --> 00:43:51,359 Speaker 9: just like the Soviet Union, what the United States did 759 00:43:51,960 --> 00:43:55,640 Speaker 9: with the Catholic Church and the British m I six, 760 00:43:56,280 --> 00:44:01,440 Speaker 9: we weakened the ability in whole end and inside the 761 00:44:01,480 --> 00:44:03,640 Speaker 9: Soviet Union for the state. 762 00:44:03,440 --> 00:44:04,320 Speaker 5: To control everything. 763 00:44:04,960 --> 00:44:08,160 Speaker 9: China has dozens of different ethnicities and if you look 764 00:44:08,160 --> 00:44:10,960 Speaker 9: at China's history over the last two millennia, they come 765 00:44:11,000 --> 00:44:13,919 Speaker 9: together under a strong dictator and then they fragment a part. 766 00:44:13,960 --> 00:44:16,680 Speaker 9: And I think if we help China come apart and 767 00:44:16,840 --> 00:44:20,120 Speaker 9: come apart into some of its component parts where it's 768 00:44:20,200 --> 00:44:22,800 Speaker 9: not all under the Chinese Companist Party, that is in 769 00:44:22,880 --> 00:44:27,560 Speaker 9: our interest, that's in the neighbors interest, and that is 770 00:44:27,640 --> 00:44:32,040 Speaker 9: a better to reduce the hegemony that China has over 771 00:44:32,080 --> 00:44:36,040 Speaker 9: their neighbors. And that will require some strong trade practices, 772 00:44:36,160 --> 00:44:38,480 Speaker 9: and I would say some strong covert action and cleverness 773 00:44:38,480 --> 00:44:39,360 Speaker 9: by the US government. 774 00:44:40,080 --> 00:44:42,320 Speaker 5: I'm not convinced they're on the trade. 775 00:44:42,480 --> 00:44:45,360 Speaker 9: I'm not convinced that the COVID action side the agency 776 00:44:45,400 --> 00:44:47,279 Speaker 9: is up to it yet, but who knows. 777 00:44:47,280 --> 00:44:48,399 Speaker 5: Maybe the leadership will come through. 778 00:44:49,719 --> 00:44:54,120 Speaker 3: Yeah, unbelievable. Eric Prince, National Treasure blessing. Eric, thanks for 779 00:44:54,120 --> 00:44:55,239 Speaker 3: being on with us. Good bless you. 780 00:44:55,800 --> 00:44:58,799 Speaker 5: Thanks, Dave, have a good one you too, all. 781 00:44:58,800 --> 00:45:02,520 Speaker 3: Right, Mark Lucas, mark you with us and die if 782 00:45:02,520 --> 00:45:05,080 Speaker 3: so if you want to comment on anything you just heard, 783 00:45:05,200 --> 00:45:06,560 Speaker 3: and I think you got an ad we're going to 784 00:45:06,640 --> 00:45:09,120 Speaker 3: play and you can explain that one. But any comment 785 00:45:09,200 --> 00:45:10,800 Speaker 3: done on the previous. 786 00:45:11,800 --> 00:45:13,759 Speaker 10: Yes, Dave, thanks for having me on. And we sure 787 00:45:13,840 --> 00:45:17,040 Speaker 10: live in a very volatile world, and I think it 788 00:45:17,080 --> 00:45:20,280 Speaker 10: is just a testimony to the complete freedom of maneuver 789 00:45:20,840 --> 00:45:23,360 Speaker 10: that Joe Biden gave to America's enemies. You know, I 790 00:45:23,400 --> 00:45:26,400 Speaker 10: saw this in Afghanistan. I came in twenty ten and 791 00:45:26,440 --> 00:45:29,160 Speaker 10: the enemy was given quite the freedom of maneuver and 792 00:45:29,200 --> 00:45:31,680 Speaker 10: we had to stir up a hordance nest. So President 793 00:45:31,680 --> 00:45:34,399 Speaker 10: Trump as an America first foreign policy it's going to take 794 00:45:34,400 --> 00:45:36,920 Speaker 10: some time to get his footing, whether it's with the juties. 795 00:45:36,600 --> 00:45:38,000 Speaker 3: Or with the Ukraine war. 796 00:45:38,080 --> 00:45:41,600 Speaker 10: But I'm very optimistic that President Trump is also our 797 00:45:41,600 --> 00:45:45,000 Speaker 10: negotiator in chief. Looks like he landed a solid deal 798 00:45:45,000 --> 00:45:48,680 Speaker 10: with the Juties because we want peace and veteran action 799 00:45:48,840 --> 00:45:51,279 Speaker 10: and war fighters like myself, we do not want to 800 00:45:51,320 --> 00:45:53,520 Speaker 10: get entangled in these forever wars. 801 00:45:54,320 --> 00:45:56,160 Speaker 3: Yep, I got a clip. Why don't you set us 802 00:45:56,200 --> 00:45:57,680 Speaker 3: up for the clip before you play it, give us 803 00:45:57,719 --> 00:46:01,160 Speaker 3: ten seconds on what we're about, raised saying why veteran 804 00:46:01,200 --> 00:46:02,239 Speaker 3: action is what you're doing. 805 00:46:03,000 --> 00:46:05,200 Speaker 10: Pete Buddha Judge is coming to my home state of 806 00:46:05,239 --> 00:46:08,160 Speaker 10: Iowa next week for a veteran town hall, and we 807 00:46:08,200 --> 00:46:10,879 Speaker 10: want to remind Iowans in the whole country about Pete 808 00:46:10,880 --> 00:46:14,360 Speaker 10: Buddha Judge's woke and radical agenda for the Department of 809 00:46:14,440 --> 00:46:16,440 Speaker 10: Veterans Affairs. 810 00:46:17,760 --> 00:46:18,040 Speaker 3: Denver. 811 00:46:18,120 --> 00:46:21,880 Speaker 11: You wanted to roll it, Pete Buddha Jeedge is fighting 812 00:46:21,920 --> 00:46:26,719 Speaker 11: Donald Trump's VA reforms and he's pushing a woke agenda. 813 00:46:27,160 --> 00:46:31,520 Speaker 11: He backed taxpayer funded sex changes and wanted to rewrite 814 00:46:31,680 --> 00:46:36,720 Speaker 11: Lincoln's v A motto making it more gender inclusive. Buddha 815 00:46:36,800 --> 00:46:40,000 Speaker 11: Jeddge wants to take us back to Joe Biden's. 816 00:46:39,520 --> 00:46:41,080 Speaker 3: Broken woke VIA. 817 00:46:42,040 --> 00:46:48,280 Speaker 11: Veterans deserve better, not woke politics. 818 00:46:50,239 --> 00:46:53,400 Speaker 3: All right, Mark, give us give us the over what 819 00:46:53,440 --> 00:46:55,719 Speaker 3: you're up to with your group, and all political views 820 00:46:55,719 --> 00:46:57,080 Speaker 3: are my own, but Mark iv ad. 821 00:46:56,920 --> 00:46:59,479 Speaker 5: It well, Veteran Action. 822 00:46:59,600 --> 00:47:03,600 Speaker 10: I built this to be a smash mouth, grassroots political 823 00:47:03,719 --> 00:47:08,320 Speaker 10: organization that fights for our veterans and promotes President Donald 824 00:47:08,360 --> 00:47:11,880 Speaker 10: Trump's America First foreign policy, and we're not going to 825 00:47:11,880 --> 00:47:15,160 Speaker 10: allow these radical leftists like Pete budhaj Edge to come 826 00:47:15,200 --> 00:47:18,680 Speaker 10: to Iowa to attack President Trump and his VA agenda. 827 00:47:19,239 --> 00:47:22,880 Speaker 10: Pete Buddha Jedge he won the Iowa caucus in twenty twenty. 828 00:47:23,200 --> 00:47:26,799 Speaker 10: He narrowly lost the New Hampshire primary. He was a 829 00:47:27,080 --> 00:47:29,920 Speaker 10: very formidable candidate and he turned in to be one 830 00:47:29,920 --> 00:47:33,480 Speaker 10: of the most effective surguits for Joe Biden. So no 831 00:47:33,640 --> 00:47:37,160 Speaker 10: Democrat is going to come into Iowa uncontested, and Veteran 832 00:47:37,160 --> 00:47:40,120 Speaker 10: Action is going to bring this smash mouth philosophy that 833 00:47:40,200 --> 00:47:42,440 Speaker 10: I learned with my good friend Mike Davis. You know 834 00:47:42,520 --> 00:47:44,480 Speaker 10: Mike Davis and I went to college together at the 835 00:47:44,560 --> 00:47:47,640 Speaker 10: University of Iowa. He's my senior counsel at Veteran Action 836 00:47:48,120 --> 00:47:50,600 Speaker 10: and I helped build the A Three P Action Center, 837 00:47:50,760 --> 00:47:53,239 Speaker 10: which I'm bringing that same approach to Veteran Action. 838 00:47:53,680 --> 00:47:55,560 Speaker 3: So not only can you see that ad. 839 00:47:55,880 --> 00:47:58,520 Speaker 10: But we're encouraging the war room posse to go to 840 00:47:58,640 --> 00:48:03,280 Speaker 10: Veteranaction or click on the take action button and contact 841 00:48:03,280 --> 00:48:06,840 Speaker 10: your lawmakers tell them to pass the Veteran Access Act. 842 00:48:07,280 --> 00:48:10,960 Speaker 10: We believe that veterans deserve choice in their healthcare. They 843 00:48:10,960 --> 00:48:14,080 Speaker 10: should get expedient care. We shouldn't have to wait for 844 00:48:14,280 --> 00:48:17,759 Speaker 10: arbitrary wait times like a thirty minute drive or a 845 00:48:17,800 --> 00:48:20,920 Speaker 10: twenty day weight. So Veteran Action you can contact your 846 00:48:21,000 --> 00:48:24,799 Speaker 10: lawmaker via phone, email, and on social media. You can 847 00:48:24,800 --> 00:48:27,880 Speaker 10: take all three of those actions in less than five minutes. 848 00:48:28,360 --> 00:48:29,440 Speaker 5: The strategy's proven. 849 00:48:29,680 --> 00:48:33,400 Speaker 10: We used it to promote President Trump's cabinet Cash Fattel 850 00:48:33,560 --> 00:48:36,480 Speaker 10: and Pete Hegseth. They told Mike Davis and I that 851 00:48:36,560 --> 00:48:40,040 Speaker 10: those nominees were dead on arrival, a three P change 852 00:48:40,080 --> 00:48:42,919 Speaker 10: the politics, and now Veteran Action is doing the same 853 00:48:43,000 --> 00:48:43,800 Speaker 10: thing for vests. 854 00:48:44,840 --> 00:48:47,000 Speaker 3: Great, Hey, Marko, we're going to hold you over the break. 855 00:48:47,400 --> 00:48:49,480 Speaker 3: Stay with us for a minute. You can close it up, 856 00:48:49,520 --> 00:48:51,800 Speaker 3: and we thank you for what you're doing for the veterans. 857 00:48:52,360 --> 00:48:54,560 Speaker 3: Get your comments right after the break. Stay with us,