1 00:00:02,880 --> 00:00:08,039 Speaker 1: This is the primal screen of a dying regime. Pray 2 00:00:08,119 --> 00:00:11,560 Speaker 1: for our enemies because we're going to medieval on these people. 3 00:00:12,760 --> 00:00:14,040 Speaker 1: Here's not got a free shot. 4 00:00:14,120 --> 00:00:17,560 Speaker 2: All these networks lying about the people, the people have 5 00:00:17,640 --> 00:00:18,599 Speaker 2: had a belly full of it. 6 00:00:19,040 --> 00:00:20,759 Speaker 1: I know you don't like hearing that. I know you 7 00:00:20,840 --> 00:00:22,119 Speaker 1: tried to do everything in the world to stop that, 8 00:00:22,200 --> 00:00:24,240 Speaker 1: but you're not going to stop it. It's going to happen. 9 00:00:24,360 --> 00:00:26,560 Speaker 3: And where do people like that go to share the 10 00:00:26,600 --> 00:00:27,320 Speaker 3: big line? 11 00:00:27,840 --> 00:00:29,080 Speaker 4: Mega media? 12 00:00:29,240 --> 00:00:32,320 Speaker 5: I wish in my soul, I wish that any of 13 00:00:32,360 --> 00:00:33,960 Speaker 5: these people had a conscience. 14 00:00:34,640 --> 00:00:37,800 Speaker 2: Ask yourself, what is my task and what is my purpose? 15 00:00:38,479 --> 00:00:42,120 Speaker 6: If that answer is to save my country. 16 00:00:41,560 --> 00:00:44,600 Speaker 1: This country will be saved. 17 00:00:44,680 --> 00:00:45,400 Speaker 7: War Room. 18 00:00:45,600 --> 00:00:47,400 Speaker 4: Here's your host, Stephen k. 19 00:00:47,640 --> 00:00:47,760 Speaker 5: Ban. 20 00:00:53,640 --> 00:00:56,760 Speaker 2: Okay, welcome back to the warm It's Wednesday, two July 21 00:00:57,000 --> 00:00:59,480 Speaker 2: urvil or twenty twenty five. There's a lot going on 22 00:00:59,600 --> 00:01:04,600 Speaker 2: global internationally, there is, but most importantly here President Trump 23 00:01:04,640 --> 00:01:07,520 Speaker 2: is in a struggle now to make sure his big, 24 00:01:07,560 --> 00:01:10,280 Speaker 2: beautiful bill, the one that the Senate kind of reworked 25 00:01:10,319 --> 00:01:12,920 Speaker 2: from the House, is now approved by the House and 26 00:01:12,959 --> 00:01:14,840 Speaker 2: get on with signing it and executing it. 27 00:01:15,160 --> 00:01:15,399 Speaker 1: EJ. 28 00:01:15,520 --> 00:01:17,320 Speaker 2: And Tony is going to join us as soon as 29 00:01:17,319 --> 00:01:20,399 Speaker 2: we get EJ and Tony up. E J Antoni's a 30 00:01:20,520 --> 00:01:23,959 Speaker 2: labor expert economists and does a magnificent job. And ahead 31 00:01:23,959 --> 00:01:27,240 Speaker 2: of it a bombshell jobs report this morning that I 32 00:01:27,240 --> 00:01:28,960 Speaker 2: think ought to be a wake up call everybody. 33 00:01:29,440 --> 00:01:29,959 Speaker 1: I believe. 34 00:01:30,120 --> 00:01:32,120 Speaker 2: I think my numbers are right, but it could be off, 35 00:01:32,120 --> 00:01:34,560 Speaker 2: and EJ will help me get focused. I think it 36 00:01:34,600 --> 00:01:37,160 Speaker 2: was supposed to be one hundred thousand. They were predicting 37 00:01:37,200 --> 00:01:39,480 Speaker 2: one hundred thousand uptick in jobs, and I think it 38 00:01:39,560 --> 00:01:42,920 Speaker 2: was a thirty three thousand job miss. That's a pretty 39 00:01:42,920 --> 00:01:46,680 Speaker 2: big swing we have been saying. And Microsoft then again 40 00:01:46,800 --> 00:01:49,760 Speaker 2: announced today more layoffs off the big I think twenty 41 00:01:49,760 --> 00:01:52,200 Speaker 2: five hundred layoffs. They were going to have a couple 42 00:01:52,240 --> 00:01:55,960 Speaker 2: of weeks ago. Folks, this is the beginning of the 43 00:01:57,440 --> 00:02:02,040 Speaker 2: of the aipcly Now now all these jobs are related 44 00:02:02,040 --> 00:02:02,440 Speaker 2: to AI. 45 00:02:02,600 --> 00:02:06,040 Speaker 1: In fact, a lot of these were not even layers. 46 00:02:06,120 --> 00:02:08,680 Speaker 2: What they were is not filling jobs that came open, 47 00:02:08,760 --> 00:02:11,120 Speaker 2: not feeling bills that came open. The businesses are just 48 00:02:11,200 --> 00:02:13,639 Speaker 2: going to on a wait and see basis. A lot 49 00:02:13,639 --> 00:02:15,680 Speaker 2: of this is also on a wait and see basis 50 00:02:15,720 --> 00:02:19,880 Speaker 2: of what artificial intelligence and artificial intelligence as an aid 51 00:02:20,840 --> 00:02:25,760 Speaker 2: to workers, particularly low skill are particularly white collar workers, 52 00:02:25,760 --> 00:02:28,000 Speaker 2: and kind of those entry level jobs or the second 53 00:02:28,040 --> 00:02:32,360 Speaker 2: tier entry level plus jobs about what can be taken away, 54 00:02:32,520 --> 00:02:34,480 Speaker 2: and so this is incredibly important. 55 00:02:34,480 --> 00:02:37,480 Speaker 1: It's going to I think, influence what's happening. 56 00:02:37,160 --> 00:02:39,239 Speaker 2: At the White House today as people are going to 57 00:02:39,320 --> 00:02:41,040 Speaker 2: be talking about this. This was a miss and it 58 00:02:41,120 --> 00:02:45,799 Speaker 2: was not anticipated. Although myself and Cortes have been up 59 00:02:45,840 --> 00:02:48,440 Speaker 2: and also the Axios guys are saying there's something going 60 00:02:48,480 --> 00:02:49,360 Speaker 2: on in the job market. 61 00:02:49,440 --> 00:02:51,480 Speaker 1: You can see. One of the things we can see 62 00:02:51,520 --> 00:02:51,959 Speaker 1: is that. 63 00:02:52,240 --> 00:02:56,639 Speaker 2: Recent graduates are not having the opportunities that people anticipated, 64 00:02:57,360 --> 00:03:00,480 Speaker 2: particularly with an economy that's starting to turn around. Remember 65 00:03:00,520 --> 00:03:04,360 Speaker 2: President Trump's entire program is on turning around the doldrums 66 00:03:04,400 --> 00:03:07,120 Speaker 2: of the Biden economy, doing a supply side tax cut 67 00:03:07,320 --> 00:03:10,239 Speaker 2: and getting to two point eight three three and a 68 00:03:10,280 --> 00:03:13,760 Speaker 2: half percent growth. The American economy to be robust, to 69 00:03:13,760 --> 00:03:17,079 Speaker 2: be replacing jobs, to keep unemployment down, to keep the 70 00:03:17,200 --> 00:03:20,640 Speaker 2: whole apparatus or the whole project moving forward, you need 71 00:03:20,680 --> 00:03:22,919 Speaker 2: minimum like three percent growth. You have to have three 72 00:03:22,960 --> 00:03:27,720 Speaker 2: percent growth or higher. And particularly in Scott Beston's Planet Treasury, 73 00:03:28,320 --> 00:03:30,919 Speaker 2: you need and I think Chip agrees with three and 74 00:03:30,960 --> 00:03:33,560 Speaker 2: a half percent. But even at three percent, you start 75 00:03:33,600 --> 00:03:36,880 Speaker 2: to get ahead of where of where you're growing the 76 00:03:36,920 --> 00:03:40,680 Speaker 2: economy and tax revenues and tariff revenues higher, then you're 77 00:03:40,680 --> 00:03:44,720 Speaker 2: adding deficits from spending. Now that is a that's what 78 00:03:44,760 --> 00:03:47,240 Speaker 2: a supply side tax cut's about. People say, well, that's 79 00:03:47,320 --> 00:03:50,880 Speaker 2: very risky. Well it's not. It's not risky in the 80 00:03:50,960 --> 00:03:54,000 Speaker 2: fact of you understand the elements that you're putting in there, 81 00:03:54,240 --> 00:03:57,840 Speaker 2: and you understand how you're going to unlock the animal spirits, 82 00:03:57,840 --> 00:03:59,880 Speaker 2: how you're going to unlock the how you're going to 83 00:04:00,080 --> 00:04:02,840 Speaker 2: unlock the vitality American economy. 84 00:04:03,360 --> 00:04:05,400 Speaker 1: EJ. And Tony joins me. Now, EJ. 85 00:04:05,960 --> 00:04:07,600 Speaker 2: I had you on here because we're going to talk 86 00:04:07,680 --> 00:04:09,800 Speaker 2: at the big beautiful bill and the growth package. 87 00:04:09,960 --> 00:04:11,200 Speaker 1: Of course, you're. 88 00:04:11,000 --> 00:04:14,120 Speaker 2: One of the nations leading I would say, labor economists, 89 00:04:14,120 --> 00:04:16,440 Speaker 2: and thinking about labor. You've been off for four years 90 00:04:16,480 --> 00:04:19,280 Speaker 2: here given it to us. This is was this kind 91 00:04:19,279 --> 00:04:22,400 Speaker 2: of a bombshell report today? Am I overreading this? What 92 00:04:22,520 --> 00:04:24,040 Speaker 2: happened on this labor report today? 93 00:04:24,080 --> 00:04:28,400 Speaker 8: Sir Well Steve, I think part of what we're dealing 94 00:04:28,440 --> 00:04:31,960 Speaker 8: with still is the fallout of the last four or 95 00:04:31,960 --> 00:04:34,520 Speaker 8: five years and all of the disruptions that we had 96 00:04:34,920 --> 00:04:39,240 Speaker 8: from COVID. So you know, unfortunately, there's a couple of 97 00:04:39,240 --> 00:04:41,520 Speaker 8: different things we have to remember. One is just the 98 00:04:41,560 --> 00:04:45,400 Speaker 8: reliability of data. In other words, we get initial reports 99 00:04:45,480 --> 00:04:47,920 Speaker 8: and then we have to several months down the road 100 00:04:48,000 --> 00:04:50,719 Speaker 8: revise them. Sometimes it's a year later we have to 101 00:04:50,800 --> 00:04:53,680 Speaker 8: revise them. And so very often the labor market is 102 00:04:53,720 --> 00:04:57,240 Speaker 8: not exactly as it appears, or is not exactly as 103 00:04:57,279 --> 00:04:58,200 Speaker 8: the initial. 104 00:04:57,880 --> 00:05:00,080 Speaker 4: Data makes it appear. So there's that. 105 00:05:00,200 --> 00:05:03,080 Speaker 8: The other thing is our baseline, if you want to 106 00:05:03,080 --> 00:05:06,599 Speaker 8: call it, that has been completely messed up because of COVID. 107 00:05:06,880 --> 00:05:09,719 Speaker 8: For example, the first couple of years of the Biden administration, 108 00:05:10,080 --> 00:05:12,600 Speaker 8: how many times did they tell us we were adding 109 00:05:12,640 --> 00:05:15,919 Speaker 8: all these jobs, We're adding record jobs. No, you're simply 110 00:05:16,000 --> 00:05:19,279 Speaker 8: just returning back to the previous level that you had 111 00:05:19,680 --> 00:05:21,320 Speaker 8: after a massive decline. 112 00:05:21,400 --> 00:05:23,400 Speaker 4: You then get a massive increase. 113 00:05:23,560 --> 00:05:25,720 Speaker 8: But if you look over time and if you look 114 00:05:25,720 --> 00:05:27,920 Speaker 8: at the trend there, nothing's really changed. 115 00:05:28,000 --> 00:05:28,160 Speaker 9: Right. 116 00:05:28,440 --> 00:05:32,800 Speaker 8: So context is probably the most important thing to remember here. 117 00:05:35,440 --> 00:05:39,359 Speaker 2: I want to go back the in regards to that context. 118 00:05:40,400 --> 00:05:43,360 Speaker 2: For years, he would come on this show and we'd 119 00:05:43,440 --> 00:05:46,400 Speaker 2: have these monthly and quarterly reports. He said, hang on 120 00:05:46,480 --> 00:05:48,280 Speaker 2: for a second, let me go back to how they 121 00:05:48,320 --> 00:05:51,320 Speaker 2: restated it the Labor Department. And far be it from 122 00:05:51,360 --> 00:05:54,039 Speaker 2: me to say that the administrative state would ever try 123 00:05:54,080 --> 00:05:57,560 Speaker 2: to chop block Donald Trump or his administration. But in 124 00:05:57,640 --> 00:06:01,760 Speaker 2: the recalibrations, are the resets we would always have, or 125 00:06:01,800 --> 00:06:06,120 Speaker 2: the reconfigurations and rethinking of the numbers were always the 126 00:06:06,200 --> 00:06:08,960 Speaker 2: numbers were more positive, and later we get the reality 127 00:06:09,080 --> 00:06:11,679 Speaker 2: check that they really weren't as good as they were. 128 00:06:12,160 --> 00:06:15,920 Speaker 2: Do you think there's the reverse happening here that the 129 00:06:15,920 --> 00:06:19,720 Speaker 2: dominions over at the Bureau of Labor Statistics in payback 130 00:06:20,200 --> 00:06:23,880 Speaker 2: to Steve Bannon and uh and uh and uh e 131 00:06:24,040 --> 00:06:28,560 Speaker 2: J and Tony bad mouthing them consistently, or having payback 132 00:06:28,600 --> 00:06:32,000 Speaker 2: on President Trump by overstating what the losses are and 133 00:06:32,040 --> 00:06:33,680 Speaker 2: they're going to come back in a month and they're 134 00:06:33,680 --> 00:06:35,760 Speaker 2: going to restate and it's not going to be as bad. 135 00:06:35,640 --> 00:06:40,200 Speaker 8: Sir, certainly possible, Steve, you know one of the things 136 00:06:40,240 --> 00:06:41,720 Speaker 8: that well, I should let me put it this way. 137 00:06:41,760 --> 00:06:44,679 Speaker 8: One of the problems when we look at certain data 138 00:06:44,720 --> 00:06:47,760 Speaker 8: sets like the job openings numbers, is the fact that 139 00:06:47,839 --> 00:06:52,040 Speaker 8: the response rate on those surveys is absolutely horrific. 140 00:06:52,080 --> 00:06:53,799 Speaker 4: I mean it's not even one in three. 141 00:06:54,279 --> 00:06:57,760 Speaker 8: And so when your when your response rate is that low, 142 00:06:58,240 --> 00:07:01,839 Speaker 8: it creates an incredible amount of of variability in the data. 143 00:07:01,880 --> 00:07:03,760 Speaker 8: In other words, if I'm going to tell you I 144 00:07:03,800 --> 00:07:07,920 Speaker 8: am ninety percent confident that the actual number falls within 145 00:07:07,960 --> 00:07:10,560 Speaker 8: a certain interval between let's say one and ten, just 146 00:07:10,640 --> 00:07:13,920 Speaker 8: random numbers here, okay. And if I'm going to say, look, 147 00:07:14,000 --> 00:07:17,200 Speaker 8: I am maybe fifty percent confident that the number falls 148 00:07:17,240 --> 00:07:20,360 Speaker 8: between five and six, a much narrower range. 149 00:07:20,360 --> 00:07:21,800 Speaker 4: Well, when your response. 150 00:07:21,440 --> 00:07:24,160 Speaker 8: Rate is this low for you to have any degree 151 00:07:24,160 --> 00:07:27,880 Speaker 8: of confidence, you need an incredibly wide range. In other words, 152 00:07:28,080 --> 00:07:31,560 Speaker 8: I'm ninety percent confident the number falls between not one 153 00:07:31,600 --> 00:07:36,120 Speaker 8: in ten, but one in thirty. So again, when we 154 00:07:36,160 --> 00:07:39,120 Speaker 8: look at these at these different data sets, that's a 155 00:07:39,240 --> 00:07:41,880 Speaker 8: very very important thing to keep in mind. And this 156 00:07:41,960 --> 00:07:43,880 Speaker 8: goes back to what we were just talking about with 157 00:07:44,000 --> 00:07:45,320 Speaker 8: those huge revisions. 158 00:07:45,800 --> 00:07:47,560 Speaker 4: I would not be surprised if. 159 00:07:47,400 --> 00:07:50,360 Speaker 8: You two end up in coming months, in coming quarters 160 00:07:50,880 --> 00:07:55,880 Speaker 8: seeing these massive revisions to the original projection, in part 161 00:07:55,920 --> 00:07:59,960 Speaker 8: because the original problems with the data that we identif 162 00:08:00,120 --> 00:08:02,960 Speaker 8: fight how many times over the last several years, Steve Right, 163 00:08:03,160 --> 00:08:06,040 Speaker 8: we kept pounding the drum that look, there are problems 164 00:08:06,080 --> 00:08:09,080 Speaker 8: in these data sets. A lot of those problems have 165 00:08:09,240 --> 00:08:12,240 Speaker 8: not been fixed even today, and I'm wondering what on 166 00:08:12,280 --> 00:08:15,920 Speaker 8: earth is the Labor Secretary doing now in order to 167 00:08:16,240 --> 00:08:19,240 Speaker 8: fix those problems and make these numbers more accurate, to 168 00:08:19,400 --> 00:08:22,480 Speaker 8: ensure that we don't have the same kind of inaccuracies 169 00:08:22,560 --> 00:08:25,440 Speaker 8: under this administration that we had under the last one. 170 00:08:27,920 --> 00:08:31,120 Speaker 2: Okay, all that being contextual, let's go what is this 171 00:08:31,280 --> 00:08:34,440 Speaker 2: actually stated today? This is not layoffs, but this is 172 00:08:34,840 --> 00:08:39,360 Speaker 2: principally driven by people not filling positions that were open. 173 00:08:39,440 --> 00:08:43,120 Speaker 2: Is that because I think people anticipated one hundred thousand 174 00:08:43,440 --> 00:08:46,280 Speaker 2: job pick up given us June, and what we saw 175 00:08:46,360 --> 00:08:48,800 Speaker 2: is a thirty at least the way this is structured, 176 00:08:48,840 --> 00:08:52,520 Speaker 2: a thirty three thousand job to the negative, So it's 177 00:08:52,520 --> 00:08:54,680 Speaker 2: a pretty big spread. One hundred and thirty three thousand 178 00:08:54,800 --> 00:08:58,360 Speaker 2: miss Is that the basic math right? 179 00:08:58,400 --> 00:09:00,840 Speaker 8: And we're also the other important thing I think is 180 00:09:00,880 --> 00:09:04,240 Speaker 8: that as we look at people who are leaving jobs, 181 00:09:04,600 --> 00:09:09,559 Speaker 8: we're finding increasingly two things. Number One, the actual number 182 00:09:09,559 --> 00:09:12,720 Speaker 8: of people who are quitting, who are leaving their jobs 183 00:09:13,080 --> 00:09:15,480 Speaker 8: is going way, way down, and that has to do 184 00:09:15,520 --> 00:09:17,800 Speaker 8: in part with the fact that they're finding it more 185 00:09:17,840 --> 00:09:22,319 Speaker 8: difficult to find comparable work for comparable pay, so you're 186 00:09:22,360 --> 00:09:23,480 Speaker 8: seeing fewer people leave. 187 00:09:23,520 --> 00:09:24,960 Speaker 4: And even among those who. 188 00:09:24,800 --> 00:09:29,600 Speaker 8: Are leaving jobs, they're not actually they're not able to 189 00:09:29,720 --> 00:09:32,400 Speaker 8: find work as quickly. So when you see those two 190 00:09:32,440 --> 00:09:35,719 Speaker 8: things go hand in hand like that, that tells us 191 00:09:35,720 --> 00:09:39,400 Speaker 8: that it's sending the exact same signal about the labor market. 192 00:09:39,760 --> 00:09:43,120 Speaker 8: And this is part of the reason why the whole 193 00:09:43,280 --> 00:09:46,480 Speaker 8: mentality of the Federal Reserve right now on interest rate cuts, 194 00:09:46,960 --> 00:09:49,880 Speaker 8: it just doesn't make any sense. They're clearly acting for 195 00:09:50,000 --> 00:09:53,959 Speaker 8: political purposes because when you compare the labor market data 196 00:09:53,960 --> 00:09:55,880 Speaker 8: that we have right now with what we had in 197 00:09:55,920 --> 00:09:59,520 Speaker 8: the fall, it is crystal clear that the labor market 198 00:09:59,559 --> 00:10:02,880 Speaker 8: is soft today than it was back then, at least. 199 00:10:02,720 --> 00:10:04,760 Speaker 4: For most sectors, maybe not for all sectors. 200 00:10:05,080 --> 00:10:07,160 Speaker 8: That tells us there's much more of a case for 201 00:10:07,200 --> 00:10:10,040 Speaker 8: interest rate cuts right now than there was in the fall. 202 00:10:10,160 --> 00:10:13,000 Speaker 8: So why did they cut rates then and not right now. 203 00:10:13,600 --> 00:10:17,960 Speaker 8: It has to do with elections, and that's it. So again, 204 00:10:18,320 --> 00:10:21,000 Speaker 8: the labor market's a very mixed bag. We have some 205 00:10:21,240 --> 00:10:24,520 Speaker 8: very positive indicators, especially when we look at Native born 206 00:10:24,559 --> 00:10:27,840 Speaker 8: Americans being able to get jobs today versus this time 207 00:10:27,920 --> 00:10:31,880 Speaker 8: last year. Huge improvement there, But there are some areas 208 00:10:31,880 --> 00:10:34,760 Speaker 8: in which the labor market is clearly softening. 209 00:10:35,040 --> 00:10:35,280 Speaker 4: Now. 210 00:10:35,440 --> 00:10:38,360 Speaker 8: Again, it's not to say that the labor markets falling apart. 211 00:10:38,559 --> 00:10:38,960 Speaker 4: It's not. 212 00:10:39,320 --> 00:10:41,439 Speaker 8: When we look at things like wage growth that has 213 00:10:41,480 --> 00:10:46,560 Speaker 8: picked up tremendously every month this year. Actually annual wage 214 00:10:46,640 --> 00:10:50,520 Speaker 8: growth has improved, phenomenal news. That means we're getting out 215 00:10:50,559 --> 00:10:54,240 Speaker 8: of the morass that we saw under Biden. But again, 216 00:10:54,520 --> 00:10:57,640 Speaker 8: for every one positive signal you can find right now, 217 00:10:57,720 --> 00:11:00,760 Speaker 8: you can probably find a negative one somewhere else. You 218 00:11:00,880 --> 00:11:02,720 Speaker 8: just have to know where to look. So if I 219 00:11:02,760 --> 00:11:05,240 Speaker 8: were to describe the labor market today again, I'm going 220 00:11:05,320 --> 00:11:06,480 Speaker 8: to call it a mixed bag. 221 00:11:08,640 --> 00:11:10,280 Speaker 2: Okay, hang over, second, I want to go back to 222 00:11:10,320 --> 00:11:12,600 Speaker 2: the Fed, because this is obviously no President trump'sho were 223 00:11:12,640 --> 00:11:18,840 Speaker 2: focusing this. The Federal Reserve has two mandates. One is inflation, 224 00:11:19,360 --> 00:11:23,280 Speaker 2: right prices, the other is full employment. Your point is 225 00:11:23,320 --> 00:11:27,160 Speaker 2: that on this second, you've seen obviously a softening in 226 00:11:27,200 --> 00:11:31,600 Speaker 2: the labor market overall over a period of time. Last October, 227 00:11:31,800 --> 00:11:34,720 Speaker 2: right before the election, they did an interest rate cut, 228 00:11:34,760 --> 00:11:37,040 Speaker 2: and President Trump would nuts because it appeared to people 229 00:11:37,480 --> 00:11:39,959 Speaker 2: that they were trying to juice the markets and get 230 00:11:39,960 --> 00:11:42,880 Speaker 2: a pop in the stock market and positive results right 231 00:11:42,920 --> 00:11:46,120 Speaker 2: before election day. And your point is that since this 232 00:11:46,160 --> 00:11:47,960 Speaker 2: is one of the responsibilities, I know a lot of 233 00:11:48,000 --> 00:11:50,560 Speaker 2: us argue they shouldn't have two responsibilities. It only should 234 00:11:50,559 --> 00:11:53,959 Speaker 2: be it only should be inflation and prices. That if 235 00:11:54,000 --> 00:11:55,319 Speaker 2: it is labor, and that's one of the ones that 236 00:11:55,360 --> 00:11:58,520 Speaker 2: are officially mandated with, you have to act accordingly. And 237 00:11:58,760 --> 00:12:02,320 Speaker 2: your point is that is set aside President Trump. Just 238 00:12:02,360 --> 00:12:07,080 Speaker 2: as a labor economist, you're saying it's obvious that the 239 00:12:07,120 --> 00:12:09,360 Speaker 2: federal reserves should step in here and do the rate 240 00:12:09,400 --> 00:12:12,680 Speaker 2: cut because you have a softening labor market. 241 00:12:12,760 --> 00:12:16,439 Speaker 1: Is that a correct assessment of your position. 242 00:12:17,320 --> 00:12:17,880 Speaker 4: Right, Steve. 243 00:12:18,120 --> 00:12:20,960 Speaker 8: When we look at the Fed's models that they use, 244 00:12:21,040 --> 00:12:24,800 Speaker 8: their own Canesian models tell them that they should cut 245 00:12:24,880 --> 00:12:28,240 Speaker 8: rates today, or at the very least, those Kanesian models 246 00:12:28,240 --> 00:12:31,280 Speaker 8: say there's a much stronger case for cutting rates right 247 00:12:31,320 --> 00:12:33,800 Speaker 8: now than there was back in the fall. Now, look, 248 00:12:34,120 --> 00:12:36,800 Speaker 8: I'm not saying I agree with the Keynesian models. I'm 249 00:12:36,800 --> 00:12:39,360 Speaker 8: not saying that I think we should even have a 250 00:12:39,440 --> 00:12:41,959 Speaker 8: central bank that set up the way we do right now. 251 00:12:42,280 --> 00:12:43,400 Speaker 4: That's not my point. 252 00:12:43,559 --> 00:12:46,600 Speaker 8: My point is simply that using the fed's own logic, 253 00:12:47,040 --> 00:12:50,120 Speaker 8: using the fed's own models, and the mandate which they 254 00:12:50,200 --> 00:12:54,160 Speaker 8: so often cite, that dual mandate that you just articulated, Steve, 255 00:12:54,840 --> 00:12:57,800 Speaker 8: under the rules of the game that the FED says 256 00:12:57,920 --> 00:13:01,400 Speaker 8: they play the game by, would be cutting rates today, 257 00:13:01,800 --> 00:13:04,839 Speaker 8: pure and simple. That's literally just the fact of the matter. 258 00:13:05,080 --> 00:13:08,440 Speaker 8: The numbers are what they are. Inflation has improved, the 259 00:13:08,520 --> 00:13:12,760 Speaker 8: labor market has softened again. By the fed's own rules, 260 00:13:13,160 --> 00:13:15,080 Speaker 8: they should be cutting rates, and yet they're not. 261 00:13:18,200 --> 00:13:18,440 Speaker 1: EJ. 262 00:13:18,679 --> 00:13:20,880 Speaker 2: You're on here to talk about the Treasure Department, the 263 00:13:20,880 --> 00:13:23,720 Speaker 2: President's growth plan. I want to if you just hold 264 00:13:23,720 --> 00:13:25,560 Speaker 2: through the commercial break, we're gonna come back to that. 265 00:13:27,040 --> 00:13:28,160 Speaker 1: A labor report. 266 00:13:27,840 --> 00:13:30,160 Speaker 2: Today, as EJ said, kind of a mixed bag, but 267 00:13:30,200 --> 00:13:32,000 Speaker 2: there's a lot of positive and we'll get EJ to 268 00:13:32,080 --> 00:13:36,720 Speaker 2: reiterate numbers for Native born Americans. Would that be of 269 00:13:36,800 --> 00:13:40,000 Speaker 2: interest to you Native born Americans? The employment's looking better, 270 00:13:40,280 --> 00:13:42,880 Speaker 2: also wage growth, So it's a lot of good stuff 271 00:13:42,880 --> 00:13:45,000 Speaker 2: in there. And the show's President Trump's program is starting 272 00:13:45,000 --> 00:13:47,280 Speaker 2: to be executed Philip Patrick and the team. 273 00:13:47,600 --> 00:13:49,679 Speaker 1: So this afternoon, if we can pull it off, we 274 00:13:49,720 --> 00:13:50,079 Speaker 1: will have. 275 00:13:50,080 --> 00:13:53,360 Speaker 2: The Secretary Treasury, Scott Besson on the five o'clock show 276 00:13:53,400 --> 00:13:55,880 Speaker 2: this afternoon, depending on kind of what happens on the 277 00:13:55,880 --> 00:13:58,079 Speaker 2: s rules in the House, but the Secretary of Treasury 278 00:13:58,160 --> 00:14:02,160 Speaker 2: will join us discuss this all. So Philip Patrick and 279 00:14:02,200 --> 00:14:05,640 Speaker 2: the team are now in Rio. They're prepping for their meetings. 280 00:14:05,679 --> 00:14:09,000 Speaker 2: They're going to be meeting with finance ministers, central bankers, 281 00:14:09,040 --> 00:14:11,160 Speaker 2: all of it. Philip Patrick's going to give us a 282 00:14:11,240 --> 00:14:15,480 Speaker 2: highlight on that this afternoon. End of the Dollar Empire. 283 00:14:15,480 --> 00:14:18,680 Speaker 2: Get up to speed, be the smartest person at your backyard. 284 00:14:18,720 --> 00:14:23,640 Speaker 2: Fourth of July barbecue. Get all seven, Get all seven installments, 285 00:14:23,840 --> 00:14:26,920 Speaker 2: birch Gold dot com promo code Bannon. That's Birch Gold 286 00:14:26,960 --> 00:14:29,200 Speaker 2: dot com promo code Bannon. Get the End of the 287 00:14:29,200 --> 00:14:32,520 Speaker 2: Dollar Empire. It walks you through everything debt, deficit, the 288 00:14:32,600 --> 00:14:35,080 Speaker 2: dollar is the prime reserve currency, Everything you need to 289 00:14:35,080 --> 00:14:38,080 Speaker 2: know about spending, How we got the thirty seven trillion 290 00:14:38,120 --> 00:14:40,120 Speaker 2: dollars of debt, what the debt ceiling is, what the 291 00:14:40,120 --> 00:14:43,640 Speaker 2: fights for the dead ceiling are. Become the smartest person 292 00:14:43,800 --> 00:14:46,520 Speaker 2: in your own life about this and what gold means 293 00:14:46,520 --> 00:14:48,880 Speaker 2: as a hedge, and why it's not the price of gold, 294 00:14:48,880 --> 00:14:52,960 Speaker 2: it's the process of how the price is derived the 295 00:14:53,000 --> 00:14:56,080 Speaker 2: big forces driving at birch Gold dot com slash. 296 00:14:55,880 --> 00:14:59,720 Speaker 10: Bannon, go get it to them in your mind. 297 00:15:01,200 --> 00:15:04,880 Speaker 5: Well, I mean, definitely, it's the least the worst job 298 00:15:04,920 --> 00:15:08,240 Speaker 5: creation from ADP since March of twenty three. That's a 299 00:15:08,240 --> 00:15:11,480 Speaker 5: pretty good stretch of time. We all know that the 300 00:15:11,560 --> 00:15:14,720 Speaker 5: labor market, at least purported by all the experts, economists 301 00:15:15,040 --> 00:15:18,240 Speaker 5: and FED personnel, is just a kind of a ticking 302 00:15:18,360 --> 00:15:21,600 Speaker 5: time bomb of slowness. It's going to definitely slow down. 303 00:15:21,600 --> 00:15:24,000 Speaker 5: It's just a matter when and what the rate of 304 00:15:24,080 --> 00:15:26,280 Speaker 5: change is going to be. I don't know that I 305 00:15:26,320 --> 00:15:28,600 Speaker 5: agree with that, but I do agree that the glide 306 00:15:28,600 --> 00:15:31,200 Speaker 5: path is going to be headed down. But I think 307 00:15:31,200 --> 00:15:33,120 Speaker 5: it's going to be a long glide path. And the 308 00:15:33,160 --> 00:15:37,280 Speaker 5: relationship between ADP and the Labor Department's statistics that will 309 00:15:37,280 --> 00:15:40,840 Speaker 5: be seen tomorrow. As Steve adequately pointed out, there's a 310 00:15:40,880 --> 00:15:44,880 Speaker 5: widespread there. When I look at what happened with Joel yesterday, 311 00:15:44,920 --> 00:15:48,000 Speaker 5: When I consider most of the press and headlines over 312 00:15:48,280 --> 00:15:51,880 Speaker 5: tariffs and the current administration's policies, it doesn't shock me 313 00:15:52,200 --> 00:15:55,120 Speaker 5: that there may be more uses of the word firing 314 00:15:55,160 --> 00:15:58,520 Speaker 5: than hiring. But maybe it's the contrarian end of this 315 00:15:58,640 --> 00:16:01,080 Speaker 5: that we should pay more attention too. Maybe we should 316 00:16:01,120 --> 00:16:04,200 Speaker 5: learn a lesson about what the equity markets did about 317 00:16:04,200 --> 00:16:07,240 Speaker 5: the kind of countertrend rally we had that briefly push 318 00:16:07,360 --> 00:16:09,880 Speaker 5: yields down. Although I think that much of that may 319 00:16:09,880 --> 00:16:13,520 Speaker 5: be in the rear view mirror. Ultimately, I think it's easy. Yes, 320 00:16:13,560 --> 00:16:15,560 Speaker 5: I think the best days of the labor market are 321 00:16:15,600 --> 00:16:17,920 Speaker 5: behind us, but I do think that there could be 322 00:16:17,920 --> 00:16:21,000 Speaker 5: a resurgence down the road for a variety of reasons 323 00:16:21,040 --> 00:16:23,800 Speaker 5: after we hit maybe a small speed bump. And I 324 00:16:23,840 --> 00:16:26,280 Speaker 5: think that's the real issue here. Are we going to 325 00:16:26,360 --> 00:16:29,280 Speaker 5: get a genuine slowdown or a small hiccup. 326 00:16:29,440 --> 00:16:30,640 Speaker 1: I'm in the ladder. 327 00:16:30,320 --> 00:16:36,920 Speaker 2: Camp the great Rick Santelli, So once again with the 328 00:16:36,960 --> 00:16:38,640 Speaker 2: positive news again there were native born. 329 00:16:38,520 --> 00:16:39,080 Speaker 1: Americans and. 330 00:16:41,880 --> 00:16:44,640 Speaker 2: Wages real wages rising. Give us your assessment with what 331 00:16:44,720 --> 00:16:45,920 Speaker 2: Santellaga said. 332 00:16:47,480 --> 00:16:50,400 Speaker 8: But I think the key, the key element that he 333 00:16:50,480 --> 00:16:53,440 Speaker 8: touched on their steve is the fact that the relationship 334 00:16:53,480 --> 00:16:58,440 Speaker 8: between the ADP numbers, which is what showed that drop today, 335 00:16:59,000 --> 00:17:01,680 Speaker 8: in particular with the service sector, right, the service sector 336 00:17:01,720 --> 00:17:03,840 Speaker 8: is really what took it on the chin. But whatever 337 00:17:03,880 --> 00:17:07,000 Speaker 8: the case, the fact that ADP numbers came down, showed 338 00:17:07,040 --> 00:17:10,439 Speaker 8: negative job growth. That has actually very little correlation with 339 00:17:10,520 --> 00:17:13,160 Speaker 8: the nonfarm payroll number we're going to get tomorrow from 340 00:17:13,240 --> 00:17:16,440 Speaker 8: the Bureau of Labor Statistics and so. And by the way, 341 00:17:16,440 --> 00:17:20,919 Speaker 8: that actually has been the case even after ADP changed 342 00:17:20,960 --> 00:17:24,680 Speaker 8: their methodology to try to make their private payroll numbers 343 00:17:24,720 --> 00:17:29,840 Speaker 8: better reflect the nonfarm figure from BLS. So even with 344 00:17:29,960 --> 00:17:33,080 Speaker 8: trying to adjust the methodology in a post COVID world, 345 00:17:33,080 --> 00:17:36,679 Speaker 8: the correlation there has been very, very poor. All that 346 00:17:36,800 --> 00:17:40,679 Speaker 8: being said, again, I still have pretty high level of 347 00:17:40,680 --> 00:17:43,479 Speaker 8: confidence that we're going to get a positive number tomorrow, 348 00:17:43,560 --> 00:17:46,520 Speaker 8: that we're not going to drop into the negative. And 349 00:17:46,560 --> 00:17:50,159 Speaker 8: that's even with the labor market being a lagging indicator. 350 00:17:50,200 --> 00:17:53,439 Speaker 8: In other words, things like the stock market tends to 351 00:17:53,440 --> 00:17:56,359 Speaker 8: be a leading indicator. The fact that stocks went down 352 00:17:56,359 --> 00:17:59,679 Speaker 8: in April following you know, Liberation Day, you know that 353 00:17:59,720 --> 00:18:02,520 Speaker 8: cause plenty of economic disruptions, But you can see now 354 00:18:02,560 --> 00:18:04,680 Speaker 8: stocks are right back up because a lot of those 355 00:18:04,760 --> 00:18:08,119 Speaker 8: disruptions at this point have been smoothed over. So is 356 00:18:08,160 --> 00:18:11,880 Speaker 8: it possible that you get some decline in employment temporarily 357 00:18:11,960 --> 00:18:14,480 Speaker 8: because businesses got scared and then they just go right 358 00:18:14,480 --> 00:18:18,639 Speaker 8: back and hire everybody. Sure, certainly possible. Going back to 359 00:18:18,680 --> 00:18:21,320 Speaker 8: your other question though, in terms of native born employment, 360 00:18:21,920 --> 00:18:24,560 Speaker 8: this is something that I think the Trump administration is 361 00:18:24,600 --> 00:18:26,879 Speaker 8: not getting enough credit for. If you look at not 362 00:18:27,000 --> 00:18:30,280 Speaker 8: just the level of jobs, but who has the jobs. 363 00:18:30,600 --> 00:18:34,200 Speaker 8: Native born Americans are increasingly doing better. What we saw 364 00:18:34,280 --> 00:18:38,680 Speaker 8: under Biden was repeatedly the annual growth in jobs among 365 00:18:38,800 --> 00:18:42,240 Speaker 8: native born Americans versus foreign born workers. The foreign born 366 00:18:42,280 --> 00:18:47,520 Speaker 8: workers were consistently beating out their native born cohort native 367 00:18:47,520 --> 00:18:50,840 Speaker 8: born counterpart. That is so what happened over the last year, 368 00:18:50,880 --> 00:18:53,840 Speaker 8: well over the last year, and this obviously is not 369 00:18:54,160 --> 00:18:56,560 Speaker 8: all Trump, but it shows you the amount of improvement 370 00:18:56,600 --> 00:18:59,200 Speaker 8: Trump has made. In just a few months, native born 371 00:18:59,240 --> 00:19:04,960 Speaker 8: Americans added about one point four million jobs. That's phenomenal news, 372 00:19:05,040 --> 00:19:08,600 Speaker 8: especially when you consider that foreign born workers only saw 373 00:19:08,640 --> 00:19:12,080 Speaker 8: an increase of about seven hundred thousand. In other words, 374 00:19:12,720 --> 00:19:16,080 Speaker 8: the vast majority of jobs being added over the last 375 00:19:16,160 --> 00:19:20,000 Speaker 8: year are going to native born Americans. Now, I actually 376 00:19:20,040 --> 00:19:23,240 Speaker 8: think that it's good we're still adding jobs for foreign 377 00:19:23,320 --> 00:19:26,320 Speaker 8: born workers because if you look at the if you 378 00:19:26,359 --> 00:19:28,680 Speaker 8: look at the total number of jobs that we need 379 00:19:28,720 --> 00:19:31,640 Speaker 8: to add to the economy, we don't actually have enough 380 00:19:31,680 --> 00:19:35,679 Speaker 8: workers here at home. Unless you take literally all of 381 00:19:35,720 --> 00:19:38,679 Speaker 8: the people who are now sitting on the sidelines and 382 00:19:38,760 --> 00:19:42,159 Speaker 8: manage to bring them back into the labor force instantly, 383 00:19:42,640 --> 00:19:44,920 Speaker 8: you're really not going to be able to fill all of. 384 00:19:44,840 --> 00:19:46,240 Speaker 4: Those job openings. 385 00:19:46,280 --> 00:19:49,200 Speaker 8: Now, that's obviously something we want to happen over time, 386 00:19:49,240 --> 00:19:51,080 Speaker 8: But if we look at what happened during the first 387 00:19:51,119 --> 00:19:55,160 Speaker 8: Trump administration, you were able to add not only plenty 388 00:19:55,200 --> 00:19:58,120 Speaker 8: of jobs for foreign born workers, but you were able 389 00:19:58,119 --> 00:20:01,560 Speaker 8: to add plenty of jobs for native born Americans. And 390 00:20:01,560 --> 00:20:04,800 Speaker 8: that's one of the key reasons why the Trump economy 391 00:20:04,880 --> 00:20:07,920 Speaker 8: was so successful the first go around, and it's why 392 00:20:07,960 --> 00:20:11,159 Speaker 8: it stands in stark contrast to what happened under Biden. 393 00:20:11,280 --> 00:20:15,200 Speaker 8: Under Biden, native born Americans didn't gain any ground at all. 394 00:20:15,400 --> 00:20:18,120 Speaker 8: All of the net job growth went to foreign born workers. 395 00:20:18,119 --> 00:20:20,720 Speaker 8: And that's not what we want. We want an economy 396 00:20:20,720 --> 00:20:23,880 Speaker 8: where there are so many jobs that not only are 397 00:20:23,880 --> 00:20:27,080 Speaker 8: there enough for all native born Americans to get jobs, 398 00:20:27,280 --> 00:20:30,000 Speaker 8: but you even have more jobs than that, to the 399 00:20:30,040 --> 00:20:32,439 Speaker 8: point where you're willing to take on some of that 400 00:20:32,560 --> 00:20:36,680 Speaker 8: foreign born labor to further grow the economy. 401 00:20:37,320 --> 00:20:41,560 Speaker 2: My recommendation of the Trump administration the mainstream business media 402 00:20:41,760 --> 00:20:44,120 Speaker 2: is not going to reach into this number like EJ 403 00:20:44,280 --> 00:20:47,359 Speaker 2: and Tony and put up exactly what the reality is. 404 00:20:47,400 --> 00:20:49,800 Speaker 2: This needs This once again needs to be sold because 405 00:20:49,800 --> 00:20:51,600 Speaker 2: it needs to be exposed. People need to be aware 406 00:20:51,600 --> 00:20:56,680 Speaker 2: of this. Plus the job growth are the axios. I 407 00:20:56,680 --> 00:20:58,800 Speaker 2: think has done a very good job of warning about 408 00:20:58,880 --> 00:21:03,560 Speaker 2: the upcoming potent for this AI jobs apocalypse, particularly an 409 00:21:03,680 --> 00:21:08,840 Speaker 2: entry level white collar jobs in tech, in service economy, managerial, 410 00:21:10,240 --> 00:21:11,720 Speaker 2: you know, stem. 411 00:21:11,440 --> 00:21:11,879 Speaker 1: Et cetera. 412 00:21:12,440 --> 00:21:15,040 Speaker 2: Is anything you've seen in the data today. We just 413 00:21:15,080 --> 00:21:19,040 Speaker 2: had Microsoft announced another layoff. You've got intellig just announce 414 00:21:19,040 --> 00:21:21,240 Speaker 2: a big layoff. Is there any concern that you see 415 00:21:21,320 --> 00:21:24,000 Speaker 2: right now in looking at this of a coming AI 416 00:21:24,600 --> 00:21:27,159 Speaker 2: jobs apocalypse for white collar workers. 417 00:21:26,920 --> 00:21:29,600 Speaker 4: Sir, not yet, Steve. 418 00:21:29,680 --> 00:21:31,919 Speaker 8: Even when we look at as I mentioned, the service 419 00:21:31,960 --> 00:21:34,240 Speaker 8: sector is really what took it on the chin here. 420 00:21:34,440 --> 00:21:37,000 Speaker 8: But even when we drill down into those numbers, it 421 00:21:37,160 --> 00:21:40,919 Speaker 8: looks like most of most of the service sector jobs 422 00:21:41,160 --> 00:21:44,280 Speaker 8: where we are seeing that negativity has to do with 423 00:21:44,840 --> 00:21:48,960 Speaker 8: things where there's actual labor involved as opposed to just 424 00:21:49,040 --> 00:21:52,040 Speaker 8: sitting at a computer. So, for example, even though I 425 00:21:52,160 --> 00:21:55,000 Speaker 8: personally have seen this in my own work where I 426 00:21:55,080 --> 00:21:57,600 Speaker 8: no longer have to go to let's say, an intern 427 00:21:57,640 --> 00:22:00,280 Speaker 8: and ask them to write me several lines of code 428 00:22:00,520 --> 00:22:03,280 Speaker 8: to execute a data scraping program. 429 00:22:03,440 --> 00:22:04,960 Speaker 4: I can have AI do that for me. 430 00:22:05,040 --> 00:22:08,520 Speaker 8: Now, what we're really seeing in the macro level data 431 00:22:08,720 --> 00:22:12,600 Speaker 8: is things like the leisure and hospitality industry not having 432 00:22:12,640 --> 00:22:16,399 Speaker 8: to hire as many waitresses right now, not having to 433 00:22:16,480 --> 00:22:22,080 Speaker 8: hire as much housekeeping staff in hotels. So again, right now, 434 00:22:22,119 --> 00:22:24,399 Speaker 8: at least in the macro level data, what we are 435 00:22:24,440 --> 00:22:27,479 Speaker 8: seeing is more so the jobs where there's human labor, 436 00:22:27,520 --> 00:22:31,760 Speaker 8: physical labor involved, as opposed to things related simply to it. 437 00:22:34,560 --> 00:22:36,080 Speaker 2: We're going to go to the House floor in a moment. 438 00:22:36,119 --> 00:22:38,320 Speaker 2: I think they're now starting to debate the rule. We 439 00:22:38,359 --> 00:22:39,919 Speaker 2: want to go and pick up some of that debate. 440 00:22:40,240 --> 00:22:40,520 Speaker 1: EJ. 441 00:22:40,800 --> 00:22:43,480 Speaker 2: I asked you to be on here, not for labor 442 00:22:43,560 --> 00:22:47,680 Speaker 2: that just happened, but actually to make the case that President. 443 00:22:47,400 --> 00:22:50,800 Speaker 1: Trump put it on true social today that the essence 444 00:22:50,880 --> 00:22:51,880 Speaker 1: of the big beautiful bill. 445 00:22:51,920 --> 00:22:53,040 Speaker 2: And we're going to go to the House in a 446 00:22:53,040 --> 00:22:56,080 Speaker 2: minute and see this debate on the rule itself is 447 00:22:56,119 --> 00:22:56,920 Speaker 2: about growth. 448 00:22:57,359 --> 00:22:58,960 Speaker 1: I know that you've been one of the big. 449 00:22:58,800 --> 00:23:01,760 Speaker 2: Proponents, working with Scott and others about a supply side 450 00:23:01,840 --> 00:23:04,480 Speaker 2: tax cut because it's about growth. Can you walk us 451 00:23:04,520 --> 00:23:09,800 Speaker 2: through the best argument to pass President Trump's legislation, given 452 00:23:09,800 --> 00:23:11,920 Speaker 2: that people saying CBO say is going to add three 453 00:23:12,040 --> 00:23:15,600 Speaker 2: traeion dollars to the deficit, what is your argument from 454 00:23:15,600 --> 00:23:16,880 Speaker 2: a supply side, sir? 455 00:23:18,600 --> 00:23:21,119 Speaker 8: I think a lot of those arguments Steve that say, oh, 456 00:23:21,200 --> 00:23:23,080 Speaker 8: the bill is going to do all these terrible things, 457 00:23:23,600 --> 00:23:25,600 Speaker 8: they're kind of confusing. 458 00:23:25,160 --> 00:23:26,200 Speaker 4: Stocks and flows. 459 00:23:26,240 --> 00:23:28,280 Speaker 8: Frankly, so, if you want to think of it this way, 460 00:23:28,320 --> 00:23:31,960 Speaker 8: your net wealth as a household is a stock. It's 461 00:23:32,000 --> 00:23:35,800 Speaker 8: your asset assets minus your liabilities. But your annual income 462 00:23:36,040 --> 00:23:39,639 Speaker 8: is a flow, and those things are not directly comparable. 463 00:23:39,680 --> 00:23:42,320 Speaker 8: To a certain extent, it's apples and oranges. And people 464 00:23:42,520 --> 00:23:45,800 Speaker 8: are making the same kind of fallacious comparisons with this 465 00:23:45,920 --> 00:23:48,760 Speaker 8: bill when they say the deficit is going to go 466 00:23:48,920 --> 00:23:50,080 Speaker 8: up if you pass this bill. 467 00:23:50,200 --> 00:23:53,040 Speaker 4: Okay, that's true. The deficit was going to go up anyway. 468 00:23:53,240 --> 00:23:55,480 Speaker 8: In fact, if you pass the bill, the deficit goes 469 00:23:55,600 --> 00:23:59,440 Speaker 8: up less, so it slows the rate of increase. You see, 470 00:23:59,440 --> 00:24:03,719 Speaker 8: So there's you can't get You can't confuse levels with 471 00:24:03,880 --> 00:24:08,199 Speaker 8: rates of increase. Those are different things. Yes, it is 472 00:24:08,359 --> 00:24:10,960 Speaker 8: true that spending is gonna go up, but it's gonna 473 00:24:11,000 --> 00:24:14,439 Speaker 8: go up at a slower rate. Okay, So again, the 474 00:24:14,520 --> 00:24:18,320 Speaker 8: alternative here is not a perfect bill. The alternative here 475 00:24:18,400 --> 00:24:21,919 Speaker 8: is not the bill that you want. It's doing nothing. 476 00:24:22,040 --> 00:24:25,320 Speaker 8: If you do nothing, spending goes up at a faster rate, 477 00:24:25,600 --> 00:24:28,480 Speaker 8: the deficit gets worse at a faster rate, the debt 478 00:24:28,560 --> 00:24:30,920 Speaker 8: gets much worse at a faster rate. 479 00:24:31,160 --> 00:24:31,640 Speaker 4: And at the. 480 00:24:31,560 --> 00:24:35,040 Speaker 8: Same time, you're gonna start a four trillion dollar tax 481 00:24:35,119 --> 00:24:38,840 Speaker 8: hike on the American middle class beginning in twenty twenty six. 482 00:24:39,119 --> 00:24:41,760 Speaker 8: So again, if the alternative is doing nothing, that's a 483 00:24:41,800 --> 00:24:45,400 Speaker 8: pretty catastrophic scenario. So even though the big beautiful bill 484 00:24:45,640 --> 00:24:48,440 Speaker 8: has plenty of flaws, I'm not saying it's perfect. 485 00:24:48,480 --> 00:24:48,760 Speaker 11: It's not. 486 00:24:48,920 --> 00:24:51,000 Speaker 8: It's not the bill you or I would have written, 487 00:24:51,040 --> 00:24:55,639 Speaker 8: right Steve, But it is still far superior to doing nothing. 488 00:24:55,960 --> 00:24:58,880 Speaker 8: And hopefully we can build on this progress in the future. 489 00:24:59,160 --> 00:25:02,240 Speaker 8: Hopefully the White House will continue to send recision packages, 490 00:25:02,520 --> 00:25:05,120 Speaker 8: including pocket recisions, at the end of the fiscal year, 491 00:25:05,400 --> 00:25:08,720 Speaker 8: and hopefully we will continue in terms of Congress to 492 00:25:08,840 --> 00:25:12,600 Speaker 8: make progress towards further cuts in all of these crazy 493 00:25:12,640 --> 00:25:14,199 Speaker 8: spending programs. 494 00:25:15,960 --> 00:25:16,200 Speaker 6: EJ. 495 00:25:16,359 --> 00:25:19,000 Speaker 2: Where do people go on your social media, particularly your 496 00:25:19,000 --> 00:25:22,000 Speaker 2: Twitter account, because you come in pretty hot and you 497 00:25:22,119 --> 00:25:23,840 Speaker 2: keep people pretty informed where they go. 498 00:25:25,359 --> 00:25:27,080 Speaker 8: Twitter is going to be the best place to find 499 00:25:27,080 --> 00:25:29,560 Speaker 8: me and the handle there is at real EJ and 500 00:25:29,680 --> 00:25:33,000 Speaker 8: Tony EJ. 501 00:25:33,119 --> 00:25:35,960 Speaker 1: Thank you so much, brother, fantastic description of all of it. 502 00:25:36,960 --> 00:25:38,080 Speaker 4: Thank you for having me, Steve. 503 00:25:38,560 --> 00:25:39,600 Speaker 1: Let's go to the house floor. 504 00:25:39,960 --> 00:25:41,560 Speaker 2: Thanks brother. Let's go to the house floor and pick 505 00:25:41,560 --> 00:25:44,960 Speaker 2: it up. Pick the action up, as it is point. 506 00:25:44,720 --> 00:25:49,200 Speaker 12: Three trillion dollars to our nation's thirty five trillion debt. 507 00:25:49,960 --> 00:25:54,520 Speaker 12: So much for Republicans being the party of fiscal responsibility. 508 00:25:54,880 --> 00:25:59,800 Speaker 12: They're also gutting the Consumer Financial Protection Bureau, an agency 509 00:26:00,160 --> 00:26:05,320 Speaker 12: that return twenty one billion dollars to families cheated by megabanks. 510 00:26:05,640 --> 00:26:09,719 Speaker 12: They're cutting housing funds, doing an affordable bility crisis, and 511 00:26:09,800 --> 00:26:14,159 Speaker 12: weakening oversight of Wall Street. Maybe they're forgotten that the 512 00:26:14,200 --> 00:26:19,200 Speaker 12: people elected them, not Trump, are the billionaire class and. 513 00:26:19,520 --> 00:26:21,160 Speaker 1: MISSUS speaking members, It'll. 514 00:26:20,960 --> 00:26:24,240 Speaker 12: Be a cold in hell before we let Republicans get 515 00:26:24,240 --> 00:26:24,840 Speaker 12: away with this. 516 00:26:25,160 --> 00:26:29,080 Speaker 6: I yield back Generalan from North Carolina. 517 00:26:29,200 --> 00:26:30,840 Speaker 7: I reserve mister Speaker. 518 00:26:30,560 --> 00:26:36,800 Speaker 13: Generalman, reserves gentlemen from Massachusetts, Missus if I can inquire 519 00:26:37,119 --> 00:26:40,080 Speaker 13: the Generalan if she doesn't have many speakers, maybe she 520 00:26:40,080 --> 00:26:41,400 Speaker 13: can lend us some time, because we. 521 00:26:41,359 --> 00:26:42,000 Speaker 9: Have a ton. 522 00:26:43,480 --> 00:26:44,920 Speaker 7: Nice trial, mister McGovern. 523 00:26:46,800 --> 00:26:49,280 Speaker 9: In Congress, we measure, we can measure how much people 524 00:26:49,280 --> 00:26:51,480 Speaker 9: really believe in their position by whether they're willing to 525 00:26:51,560 --> 00:26:54,240 Speaker 9: come and join their leaders on the House floor. Well, 526 00:26:54,520 --> 00:26:57,200 Speaker 9: I count four members on the Republican side, and we've 527 00:26:57,240 --> 00:27:00,280 Speaker 9: got over seventy five over here, and if there are 528 00:27:00,320 --> 00:27:02,240 Speaker 9: a ton of you know, but if I were that, 529 00:27:02,240 --> 00:27:04,120 Speaker 9: I wouldn't want to be associated with this bill either. 530 00:27:04,400 --> 00:27:06,960 Speaker 9: Mister Speaker, I'm going to urge we defeat the previous question, 531 00:27:07,119 --> 00:27:08,720 Speaker 9: and if we do, I'll offer it amendment to the 532 00:27:08,760 --> 00:27:11,760 Speaker 9: rule to consider remember number one five six offered by 533 00:27:11,800 --> 00:27:15,159 Speaker 9: Leader Jeffries, which strikes all provisions that would cause millions 534 00:27:15,200 --> 00:27:18,479 Speaker 9: of Americans to lose health care and food assistants. Mister Speaker, 535 00:27:18,480 --> 00:27:20,920 Speaker 9: I ask you ananimous consent to insert the text of 536 00:27:20,960 --> 00:27:23,880 Speaker 9: my amendment into the record, along with any extraneous material, 537 00:27:24,040 --> 00:27:26,840 Speaker 9: immediately prior to the vote of the previous question that objection, 538 00:27:27,080 --> 00:27:29,359 Speaker 9: and mister Speaker to discuss that proposal. I yield two 539 00:27:29,400 --> 00:27:32,040 Speaker 9: minutes to the gentleman from New York, mister Cassio, Cortez 540 00:27:32,240 --> 00:27:33,800 Speaker 9: Genleman's recognisk for two minutes. 541 00:27:33,880 --> 00:27:37,800 Speaker 14: Thank you, and I thank the chairman. You know, President 542 00:27:37,840 --> 00:27:41,800 Speaker 14: Trump had issued some statements throughout this process, saying and 543 00:27:42,000 --> 00:27:47,280 Speaker 14: urging insisting that this bill does not cut Medicaid. He's 544 00:27:47,320 --> 00:27:49,800 Speaker 14: also said some things, you know, he says he doesn't 545 00:27:49,800 --> 00:27:52,800 Speaker 14: think I'm too much of a smart person. And I'll 546 00:27:52,800 --> 00:27:56,439 Speaker 14: tell you one thing. It doesn't take a smart person 547 00:27:56,480 --> 00:28:01,720 Speaker 14: to know if you're being lied to President Trump, you're 548 00:28:01,760 --> 00:28:05,199 Speaker 14: either being lied to or you are lying to the 549 00:28:05,240 --> 00:28:10,760 Speaker 14: American people. Because this bill represents, in the text of 550 00:28:10,880 --> 00:28:15,520 Speaker 14: this bill, the largest and greatest loss of healthcare in 551 00:28:15,640 --> 00:28:22,240 Speaker 14: American history. Seventeen million Americans will lose their healthcare on 552 00:28:22,359 --> 00:28:27,440 Speaker 14: this bill. Not undocumented people, not quote unquote the disgusting 553 00:28:27,560 --> 00:28:33,200 Speaker 14: term illegal, but seventeen million Americans will have their healthcare 554 00:28:33,240 --> 00:28:37,000 Speaker 14: cut from this bill. On this point of tax on tips, 555 00:28:37,440 --> 00:28:39,520 Speaker 14: As one of the only people in this body who 556 00:28:39,600 --> 00:28:42,320 Speaker 14: has lived off of tips, I want to tell you 557 00:28:42,440 --> 00:28:45,000 Speaker 14: a little bit about the scam of that text. A 558 00:28:45,000 --> 00:28:48,040 Speaker 14: little bit of the fine print there. The cap on 559 00:28:48,120 --> 00:28:53,680 Speaker 14: that is twenty five thousand dollars. While you're jacking up 560 00:28:53,800 --> 00:28:57,800 Speaker 14: taxes on people who make less than fifty thousand dollars 561 00:28:58,000 --> 00:29:02,480 Speaker 14: across the United States, while taking away their SNAP, while 562 00:29:02,520 --> 00:29:06,160 Speaker 14: taking away their Medicaid, while taking kicking them off of 563 00:29:06,200 --> 00:29:08,600 Speaker 14: the ACA and their healthcare extensions. 564 00:29:08,800 --> 00:29:11,640 Speaker 15: So, if you're at home and you're living off tips. 565 00:29:11,680 --> 00:29:14,560 Speaker 14: You do the math. Is that worth it to you? 566 00:29:15,360 --> 00:29:18,920 Speaker 14: Losing all your health care, not able to feed your babies, 567 00:29:19,080 --> 00:29:21,240 Speaker 14: not being able to put a diaper on their bottom 568 00:29:21,480 --> 00:29:25,680 Speaker 14: in exchange for what? This bill is a deal with 569 00:29:26,000 --> 00:29:31,520 Speaker 14: the devil. It explodes our national debts, It militarizes our 570 00:29:31,720 --> 00:29:37,840 Speaker 14: entire economy, and it strips away healthcare and basic dignity 571 00:29:38,040 --> 00:29:42,240 Speaker 14: of the American people for what to give Elon Musk 572 00:29:42,320 --> 00:29:47,000 Speaker 14: a tax break and billionaires the greedy taking of our nation. 573 00:29:47,160 --> 00:29:50,240 Speaker 14: We cannot stand for it, and we will not support it. 574 00:29:50,760 --> 00:29:52,080 Speaker 14: You should be ashamed. 575 00:29:58,960 --> 00:30:02,680 Speaker 6: Members are reminded not to engage in personalities towards the President, 576 00:30:05,280 --> 00:30:09,560 Speaker 6: and members are reminded to direct their remarks to the chair. 577 00:30:13,480 --> 00:30:14,800 Speaker 6: Gentleman from North Carolina. 578 00:30:15,640 --> 00:30:16,800 Speaker 7: Thank you, mister speaker. 579 00:30:17,320 --> 00:30:20,560 Speaker 16: I now yield one minute to the gentleman from Texas, 580 00:30:20,640 --> 00:30:21,560 Speaker 16: Mister Nils. 581 00:30:21,760 --> 00:30:23,200 Speaker 6: Gentleman's recognized for one minute. 582 00:30:23,480 --> 00:30:27,120 Speaker 17: Mister speaker, I rise today to discuss an important provision 583 00:30:27,440 --> 00:30:28,800 Speaker 17: and the big beautiful bill. 584 00:30:29,920 --> 00:30:31,560 Speaker 7: I was proud to introduce the. 585 00:30:31,560 --> 00:30:35,800 Speaker 17: Endowment Tax Fairness Act, which were taxing endowment profits of 586 00:30:35,840 --> 00:30:40,800 Speaker 17: private elite universities at twenty one percent, raising and estimated 587 00:30:41,240 --> 00:30:44,520 Speaker 17: listen to me, seventy to one hundred billion dollars over 588 00:30:44,560 --> 00:30:48,760 Speaker 17: ten years. The Senate gutted this provision and reduced it 589 00:30:48,760 --> 00:30:53,560 Speaker 17: to under one billion annually to protect protect elite universities 590 00:30:53,800 --> 00:30:56,880 Speaker 17: that take hundreds of millions of dollars annually and federal 591 00:30:56,920 --> 00:31:01,240 Speaker 17: tax dollars. We were given instructions to generate revenue to 592 00:31:01,320 --> 00:31:04,760 Speaker 17: pay for President Trump's wonderful priorities. Folks, we're not taxing 593 00:31:04,760 --> 00:31:07,800 Speaker 17: the endominated self. Harvard has fifty three billion dollars. 594 00:31:07,920 --> 00:31:08,840 Speaker 7: We're not taxing that. 595 00:31:09,400 --> 00:31:12,160 Speaker 17: We're just going to tax the net earnings on their 596 00:31:12,200 --> 00:31:14,880 Speaker 17: investments at twenty one percent, which was equal to the 597 00:31:14,880 --> 00:31:17,320 Speaker 17: corporate tax rate. And what did the Senate do? They 598 00:31:17,400 --> 00:31:20,520 Speaker 17: reduced it to eight percent, just under eight percent. It 599 00:31:20,640 --> 00:31:24,760 Speaker 17: is about time that we get these universities to pay 600 00:31:24,840 --> 00:31:26,880 Speaker 17: the same that corporate America pays. 601 00:31:27,120 --> 00:31:31,480 Speaker 6: And with that, I you back, gentlemen, yelsback, gentlemen from Massachusetts. 602 00:31:31,360 --> 00:31:33,680 Speaker 9: I yield one minute to the younger woman for Florida Ms. 603 00:31:33,680 --> 00:31:37,000 Speaker 13: Wasserman Schultz Gentlewoman's recognized for a one minute. 604 00:31:38,400 --> 00:31:41,360 Speaker 18: Thank you, Miss speaker. I rise to oppose this vile 605 00:31:41,400 --> 00:31:44,760 Speaker 18: Republican plunder of working families, seniors, and veterans. Also, the 606 00:31:44,840 --> 00:31:47,760 Speaker 18: richest Americans can be showered with even more wealth. This 607 00:31:47,840 --> 00:31:51,560 Speaker 18: billionaire ballout would strip healthcare coverage from seventeen million Americans, 608 00:31:51,640 --> 00:31:54,040 Speaker 18: nearly two million in my state of Florida. It will 609 00:31:54,080 --> 00:31:57,520 Speaker 18: push millions into crowded, costly emergency rooms and saddle them 610 00:31:57,520 --> 00:32:00,960 Speaker 18: with medical debt. Trump's biggest ugly bill also steals record 611 00:32:01,000 --> 00:32:04,160 Speaker 18: food assistants from millions of kids, seniors, and veterans. It 612 00:32:04,200 --> 00:32:07,200 Speaker 18: makes cancer screenings and prenatal care harder to get by 613 00:32:07,240 --> 00:32:10,520 Speaker 18: defunding planned parenthood. It cripples solar and wind projects and 614 00:32:10,600 --> 00:32:14,760 Speaker 18: kills millions of clean green manufacturing and construction jobs. Also, 615 00:32:14,800 --> 00:32:17,479 Speaker 18: the rich can get huge tax breaks and no family 616 00:32:17,560 --> 00:32:20,400 Speaker 18: is unscathed because this bill also blows up the national 617 00:32:20,440 --> 00:32:23,840 Speaker 18: debt by four trillion dollars, which drives up interest rates 618 00:32:23,840 --> 00:32:27,320 Speaker 18: on car loans and mortgages and triggers billions and Medicare cuts, 619 00:32:27,320 --> 00:32:31,000 Speaker 18: cutting healthcare for our seniors. This bill makes life, less affordable, 620 00:32:31,240 --> 00:32:34,560 Speaker 18: more painful, and instead of uplifting lives, it will end them. 621 00:32:34,760 --> 00:32:37,640 Speaker 18: When history looks back on this bill, its legacy will 622 00:32:37,680 --> 00:32:40,320 Speaker 18: be Trump lied and people died. 623 00:32:40,760 --> 00:32:41,120 Speaker 11: Vote no. 624 00:32:41,480 --> 00:32:42,240 Speaker 18: I yield back. 625 00:32:43,800 --> 00:32:49,960 Speaker 6: Chairwood remind members once again not to engage in personalities 626 00:32:49,960 --> 00:32:53,560 Speaker 6: towards the President. Gentleman from North Carolina. 627 00:32:53,160 --> 00:32:55,320 Speaker 7: Thank you, mister speaker. 628 00:32:55,440 --> 00:33:01,960 Speaker 6: I reserve gentlemen, reserves gentlemen from gentlemen from Massachusetts. 629 00:33:03,120 --> 00:33:05,320 Speaker 9: Missus speak RAYO one minute. The gentleman from Rhode Island, 630 00:33:05,320 --> 00:33:08,160 Speaker 9: mister Magaziner, Gillman's recognized for one minute. 631 00:33:08,400 --> 00:33:11,520 Speaker 11: When we say that the Republican Party has turned into 632 00:33:11,600 --> 00:33:15,480 Speaker 11: a cult, this is what we mean. Our Republican colleagues 633 00:33:15,520 --> 00:33:18,440 Speaker 11: are pushing a bill that would throw their constituents under 634 00:33:18,440 --> 00:33:20,840 Speaker 11: the bus, a bill that flies in the face of 635 00:33:20,880 --> 00:33:24,760 Speaker 11: everything they claim to stand for, all because Donald Trump 636 00:33:25,040 --> 00:33:27,880 Speaker 11: wants a bill signing photo op by the fourth of July. 637 00:33:28,400 --> 00:33:32,280 Speaker 11: Our Republican colleagues know that this bill will cost seventeen 638 00:33:32,360 --> 00:33:36,920 Speaker 11: million Americans their health insurance. They know that nursing homes 639 00:33:36,960 --> 00:33:39,440 Speaker 11: in their own districts will have to close down. They 640 00:33:39,480 --> 00:33:43,040 Speaker 11: know that under this bill, five trillion dollars of debt 641 00:33:43,240 --> 00:33:45,400 Speaker 11: are being added that will be paid for by my 642 00:33:45,600 --> 00:33:49,160 Speaker 11: children and your children and their children for generations to come, 643 00:33:49,320 --> 00:33:52,840 Speaker 11: so that today's billionaires can get a tax break. They 644 00:33:52,960 --> 00:33:55,719 Speaker 11: know that this bill is unpopular and many of their 645 00:33:55,840 --> 00:34:00,200 Speaker 11: vulnerable members will lose reelection over it. But the pater 646 00:34:00,320 --> 00:34:02,400 Speaker 11: has the side that he wants his photo op on 647 00:34:02,480 --> 00:34:06,040 Speaker 11: July fourth, and our kool aid drinking colleagues are going 648 00:34:06,080 --> 00:34:09,520 Speaker 11: along with it. They know this is wrong. They still 649 00:34:09,560 --> 00:34:11,960 Speaker 11: have a chance to do right by their constituents and 650 00:34:12,000 --> 00:34:15,720 Speaker 11: their convictions. Vote no on this bill. 651 00:34:15,840 --> 00:34:17,800 Speaker 6: Are you back from North Carolina? 652 00:34:19,040 --> 00:34:20,200 Speaker 7: Thank you, mister speaker. 653 00:34:20,239 --> 00:34:24,279 Speaker 16: I yield two minutes to the very distinguished gentleman from 654 00:34:24,280 --> 00:34:25,120 Speaker 16: South Carolina. 655 00:34:25,320 --> 00:34:28,680 Speaker 6: Mister Wilson Gylman's recognized for two minutes. 656 00:34:30,000 --> 00:34:33,640 Speaker 19: Thank you very much. Chairlemen, Virginia Fox of North Carolina, 657 00:34:33,760 --> 00:34:38,080 Speaker 19: and indeed Republicans were elected last November. But promises made, 658 00:34:38,080 --> 00:34:42,840 Speaker 19: promises kept, and despite the extraordinarily ignorant lives on the 659 00:34:42,840 --> 00:34:45,560 Speaker 19: other side, the American people know that the bill that 660 00:34:45,600 --> 00:34:49,480 Speaker 19: will be voting on today reduces taxes, creating jobs. It's 661 00:34:49,480 --> 00:34:52,920 Speaker 19: the elimination of taxes on tips and over time, it 662 00:34:52,960 --> 00:34:56,640 Speaker 19: provides for securing the border. It provides for energy independence, 663 00:34:56,920 --> 00:35:01,440 Speaker 19: it provides for the ability of having peace through strength. 664 00:35:01,680 --> 00:35:04,239 Speaker 19: All of this is in the bill. And then compassion. 665 00:35:04,719 --> 00:35:07,800 Speaker 19: It's not compassion if you support programs that are ultimately 666 00:35:07,800 --> 00:35:11,040 Speaker 19: going to fail. But Republicans want people who need assistance 667 00:35:11,080 --> 00:35:13,920 Speaker 19: to receive the assistants. We already know Marriat Thatcher has 668 00:35:13,920 --> 00:35:17,320 Speaker 19: identified what they're proposing, and that is socialism will work 669 00:35:17,560 --> 00:35:20,000 Speaker 19: until you run out of spending other people's money. They 670 00:35:20,040 --> 00:35:23,319 Speaker 19: are putting the poor people of America at risk. We're 671 00:35:23,320 --> 00:35:28,280 Speaker 19: the ones of compassion. Additionally, with the promises made, promises 672 00:35:28,320 --> 00:35:30,560 Speaker 19: kept by Donald Trump, I've lived it. I led the 673 00:35:30,560 --> 00:35:34,640 Speaker 19: delegation to move the delegation the embassy from Tel Aviv 674 00:35:34,680 --> 00:35:37,719 Speaker 19: to Jerusalem. He did that. People said you shouldn't do it, 675 00:35:37,800 --> 00:35:40,520 Speaker 19: or the State Department because it leads to dislocation. No, 676 00:35:41,320 --> 00:35:44,560 Speaker 19: it led to the embassy being in Jerusalem, and it 677 00:35:44,640 --> 00:35:47,600 Speaker 19: led to Abraham Accords. We know last week the President 678 00:35:47,719 --> 00:35:51,839 Speaker 19: was advised, do not bomb to Iran. It will lead 679 00:35:51,840 --> 00:35:54,080 Speaker 19: to World War three. No, it has led to a 680 00:35:54,120 --> 00:35:58,520 Speaker 19: ceasefire and the ability of having Abraham Accords extended to 681 00:35:58,600 --> 00:36:01,560 Speaker 19: other countries, including Syria. And I'm really grateful that Lindsey 682 00:36:01,560 --> 00:36:04,799 Speaker 19: Graham was such an advisor the president actor despite the 683 00:36:04,920 --> 00:36:08,319 Speaker 19: naysayers that we have all around us. I just appreciate 684 00:36:08,640 --> 00:36:13,680 Speaker 19: Donald Trump promises made, promises kept. Thank you Iyiel Backman. 685 00:36:13,040 --> 00:36:15,720 Speaker 6: Year's back. Jentlemen from Massachusetts. 686 00:36:14,920 --> 00:36:16,879 Speaker 9: As a speaker, ayeal of one minute. The gentleman from 687 00:36:16,880 --> 00:36:18,279 Speaker 9: New York, Mister Kennedy. 688 00:36:18,200 --> 00:36:21,240 Speaker 6: Gentlemen jacon ash for one minute. Thank you, Ranking Member McGovern. 689 00:36:21,280 --> 00:36:22,800 Speaker 6: I'm an occupational therapist. 690 00:36:22,920 --> 00:36:25,560 Speaker 20: I help people live the fullest life they could given 691 00:36:25,560 --> 00:36:28,040 Speaker 20: the cards they were dealt. I worked at a school 692 00:36:28,040 --> 00:36:31,360 Speaker 20: for children with disabilities, in a nursing home, helping seniors 693 00:36:31,400 --> 00:36:32,560 Speaker 20: maintain their independence. 694 00:36:32,840 --> 00:36:34,799 Speaker 4: I know exactly what it means. 695 00:36:34,520 --> 00:36:38,799 Speaker 20: To cut a trillion dollars from Medicare, Medicaid, and Affordable 696 00:36:38,800 --> 00:36:41,839 Speaker 20: Care Act, which is exactly what this big, ugly bill does. 697 00:36:42,280 --> 00:36:46,200 Speaker 20: Taking away healthcare for seventeen million Americans won't make us 698 00:36:46,239 --> 00:36:50,400 Speaker 20: any healthier. Stealing food away from the neediest children, seniors, 699 00:36:50,560 --> 00:36:54,279 Speaker 20: and veterans won't make us any stronger. Giving billionaires a 700 00:36:54,320 --> 00:36:58,080 Speaker 20: tax break won't make us any richer. Children will go hungry, 701 00:36:58,440 --> 00:37:02,319 Speaker 20: seniors will lose their healthcare, students will lose their financial aid. 702 00:37:02,600 --> 00:37:07,680 Speaker 20: Hospitals will close Americans will die. I urge my Republican 703 00:37:07,719 --> 00:37:11,919 Speaker 20: colleagues to stand up, grow a spine, stop bowing down 704 00:37:11,960 --> 00:37:15,440 Speaker 20: to your King, Donald Trump, represent your constituents like you 705 00:37:15,480 --> 00:37:19,040 Speaker 20: were elected to do, and vote no on this horrible, big, 706 00:37:19,120 --> 00:37:19,719 Speaker 20: ugly bill. 707 00:37:20,120 --> 00:37:21,000 Speaker 7: I yeel back. 708 00:37:25,640 --> 00:37:30,800 Speaker 6: For the third time. The chair would would remind members 709 00:37:30,880 --> 00:37:35,200 Speaker 6: not to engage in personalities toward the president, or they 710 00:37:35,239 --> 00:37:39,320 Speaker 6: will be called out of order. Gentlewoman from North Carolina. 711 00:37:40,160 --> 00:37:42,000 Speaker 7: Missus thinking the House not in order? 712 00:37:47,640 --> 00:37:52,839 Speaker 1: In order? The House will be in order. 713 00:37:58,440 --> 00:38:01,960 Speaker 6: Yeah, gentlewoman from North Carolina. 714 00:38:01,960 --> 00:38:03,080 Speaker 7: Thank you, mister speaker. 715 00:38:03,120 --> 00:38:06,440 Speaker 6: I reserve, gentlewoman, deserve gentlemen from Massachusetts. 716 00:38:07,040 --> 00:38:09,640 Speaker 9: Mister speaker, if there are no other Republican members willing 717 00:38:09,680 --> 00:38:11,920 Speaker 9: to speak for this bill, we can send some members 718 00:38:11,960 --> 00:38:14,480 Speaker 9: over to you just to state the facts as to 719 00:38:14,520 --> 00:38:18,160 Speaker 9: what's in this bill. Let's do the public a service, 720 00:38:19,960 --> 00:38:22,080 Speaker 9: mister speaker, right now, yield one minute to the gentleman 721 00:38:22,120 --> 00:38:25,560 Speaker 9: from Marylyn. Mister Oshski, Dylan's recognized for one now. 722 00:38:25,840 --> 00:38:26,200 Speaker 12: Thank you. 723 00:38:26,560 --> 00:38:29,879 Speaker 3: I rise today to remind my colleagues that this bill 724 00:38:29,960 --> 00:38:33,640 Speaker 3: is more than words on paper. The policies were debating 725 00:38:33,680 --> 00:38:36,919 Speaker 3: today have real impacts on real people. People like four 726 00:38:37,000 --> 00:38:40,640 Speaker 3: year old Amir Rich, who visited my office earlier this month. 727 00:38:40,680 --> 00:38:43,919 Speaker 3: Emir was born at just two pounds and spent four 728 00:38:44,000 --> 00:38:45,719 Speaker 3: hundred and fifty two days. 729 00:38:45,440 --> 00:38:46,160 Speaker 1: In the hospital. 730 00:38:46,680 --> 00:38:49,880 Speaker 3: Today, although he still depends on feeding tubes and oxygen tanks, 731 00:38:50,120 --> 00:38:53,080 Speaker 3: he is thriving. He's walking and able to speak. He 732 00:38:53,239 --> 00:38:56,799 Speaker 3: lit up my office with energy, and that's thanks to 733 00:38:56,840 --> 00:39:00,840 Speaker 3: the care he received under Medicaid. Chris Tina was forced 734 00:39:00,840 --> 00:39:04,000 Speaker 3: to leave her sixteen year career in corrections to become 735 00:39:04,080 --> 00:39:07,799 Speaker 3: his full time caregiver, placing a significant financial strain on 736 00:39:07,840 --> 00:39:11,440 Speaker 3: their family. In the face of rising costs. For American families, 737 00:39:11,800 --> 00:39:15,000 Speaker 3: Medicaid has become a vital lifeline, helping to cover the 738 00:39:15,080 --> 00:39:16,600 Speaker 3: kind of care Amir needs. 739 00:39:16,960 --> 00:39:18,600 Speaker 1: The bill before US guts. 740 00:39:18,280 --> 00:39:22,239 Speaker 3: These lifelines like Medicaid and CHIP, these programs cover nearly 741 00:39:22,320 --> 00:39:26,080 Speaker 3: half of all American children's for families like Christina and Emir, 742 00:39:26,160 --> 00:39:29,560 Speaker 3: today's vote is a matter of life and death. I 743 00:39:29,680 --> 00:39:33,399 Speaker 3: encourage my colleagues to look at a mirror, look at him, 744 00:39:33,719 --> 00:39:37,160 Speaker 3: and oppose this reckless bill. Protect the vital support systems 745 00:39:37,160 --> 00:39:38,960 Speaker 3: that serve millions of Americans. 746 00:39:39,000 --> 00:39:42,719 Speaker 6: Thank you, I Yield John from North Carolina. 747 00:39:42,840 --> 00:39:45,480 Speaker 16: Thank you, mister speaker, I yel one minute to the 748 00:39:45,560 --> 00:39:47,600 Speaker 16: gentleman from Utah and mister Kennedy J. 749 00:39:47,840 --> 00:39:49,000 Speaker 6: Jact ask for one minute. 750 00:39:49,760 --> 00:39:52,040 Speaker 10: Thank you, Madam Chair, and thank you mister speaker. It's 751 00:39:52,080 --> 00:39:54,359 Speaker 10: a pleasure to be here and speak in favor of 752 00:39:54,400 --> 00:39:57,840 Speaker 10: the rule for the big beautiful bill. As a provider 753 00:39:57,840 --> 00:40:00,000 Speaker 10: of healthcare, myself as a doctor and as a receipt 754 00:40:00,400 --> 00:40:03,520 Speaker 10: of Medicaid services. My first three children were born on Medicaid, 755 00:40:03,760 --> 00:40:05,480 Speaker 10: in addition to the fact that as a child that 756 00:40:05,600 --> 00:40:09,440 Speaker 10: was receiving food assistance not only from free school lunch programs, 757 00:40:09,520 --> 00:40:13,480 Speaker 10: but church programs. Recognizing the vital need associated with Medicaid 758 00:40:13,520 --> 00:40:15,960 Speaker 10: as well as with these food programs, we need to 759 00:40:15,960 --> 00:40:19,440 Speaker 10: write size these programs, mister speaker. If we don't take 760 00:40:19,560 --> 00:40:23,120 Speaker 10: a different trajectory, these programs will collapse under the economic 761 00:40:23,200 --> 00:40:28,960 Speaker 10: failures of prior administrations. The reality behind this is these bills, 762 00:40:29,080 --> 00:40:33,120 Speaker 10: this bill that we're discussing today, it is insisting on 763 00:40:33,480 --> 00:40:37,080 Speaker 10: work requirements associated with the recipient of Medicaid. If you 764 00:40:37,080 --> 00:40:39,680 Speaker 10: are able bodied, working adult, you should be able to 765 00:40:39,680 --> 00:40:41,279 Speaker 10: go out and find a job. If you can't find 766 00:40:41,280 --> 00:40:43,120 Speaker 10: a job, you need to go to a training program 767 00:40:43,160 --> 00:40:45,560 Speaker 10: and try to find training so you can get a 768 00:40:45,680 --> 00:40:48,760 Speaker 10: job and ultimately get off Medicaid. One of the components 769 00:40:48,760 --> 00:40:51,920 Speaker 10: about Medicaid we all know is formed in favor of 770 00:40:52,200 --> 00:40:55,080 Speaker 10: pregnant women, disabled people, as well as the elderly. And 771 00:40:55,239 --> 00:40:57,360 Speaker 10: what the Republicans are trying to do is right size 772 00:40:57,400 --> 00:40:59,759 Speaker 10: the Medicaid program so that it survives for the long 773 00:40:59,840 --> 00:41:02,440 Speaker 10: term the vital needs of the people of the future. 774 00:41:02,640 --> 00:41:04,600 Speaker 10: With that, mister speaker, thank you for the time, and 775 00:41:04,640 --> 00:41:05,279 Speaker 10: I yield back. 776 00:41:05,719 --> 00:41:07,080 Speaker 6: Jonathan Massachusetts. 777 00:41:07,480 --> 00:41:10,280 Speaker 9: If you can't find a job just enrolling a training program, 778 00:41:10,360 --> 00:41:13,120 Speaker 9: well that's hard to do when Republicans are cutting and 779 00:41:13,200 --> 00:41:16,759 Speaker 9: cutting the training programs that exist in this country. I 780 00:41:16,840 --> 00:41:19,880 Speaker 9: now yield one minute to the gentlewoman from Texas, Miss Johnson. 781 00:41:20,360 --> 00:41:22,000 Speaker 6: Gentleman's reconnash for one minute. 782 00:41:22,120 --> 00:41:25,040 Speaker 15: Thank you, mister Sherman. You know I've been listening to 783 00:41:25,160 --> 00:41:28,920 Speaker 15: this debate and I am struck by the appalling ability 784 00:41:29,040 --> 00:41:31,640 Speaker 15: of the members of the other side who are so 785 00:41:32,280 --> 00:41:35,560 Speaker 15: afraid of this president. They are willing to lie to 786 00:41:35,640 --> 00:41:38,960 Speaker 15: the American people because they fear the tweet of a 787 00:41:39,040 --> 00:41:42,160 Speaker 15: president more than they fear the wrath of the voters. 788 00:41:41,719 --> 00:41:42,640 Speaker 7: At the ballot box. 789 00:41:43,680 --> 00:41:47,400 Speaker 15: This will come to roosts because seventeen million people are 790 00:41:47,440 --> 00:41:50,040 Speaker 15: going to lose their healthcare and in Texas, we're one 791 00:41:50,080 --> 00:41:53,880 Speaker 15: of the largest exploit creators of clean energy jobs. Texas 792 00:41:53,920 --> 00:41:56,640 Speaker 15: is the energy state. I'm proud to be an energy state. 793 00:41:56,719 --> 00:41:59,239 Speaker 15: We have vast amounts of oil and gas jobs, but 794 00:41:59,280 --> 00:42:02,680 Speaker 15: we also are the largest creator of clean energy jobs. 795 00:42:02,719 --> 00:42:05,680 Speaker 15: And we will lose millions of employment in our state 796 00:42:05,920 --> 00:42:08,440 Speaker 15: because the Republicans of this delegation. 797 00:42:07,960 --> 00:42:10,960 Speaker 2: Are gonna The reason I wanted to show this. You're 798 00:42:11,000 --> 00:42:13,319 Speaker 2: seeing the twenty twenty six midterm right there. I think 799 00:42:13,360 --> 00:42:16,239 Speaker 2: what's very disappointing is not enough Republicans standing up. If 800 00:42:16,239 --> 00:42:17,839 Speaker 2: you believe in this bill, you've got to stand up 801 00:42:17,840 --> 00:42:20,520 Speaker 2: for it. You've got to sell the growth program. You 802 00:42:20,600 --> 00:42:23,240 Speaker 2: just can't hide there. And Joe Wilson just wandering around 803 00:42:23,239 --> 00:42:25,400 Speaker 2: from South South Carolina talking about everything. 804 00:42:25,480 --> 00:42:27,160 Speaker 1: Focus on what's in this bill. 805 00:42:27,960 --> 00:42:29,880 Speaker 2: Focus what's in this bill, and you should be up 806 00:42:29,920 --> 00:42:32,880 Speaker 2: firing back on these Democrats. They got their pitch down. 807 00:42:33,239 --> 00:42:35,719 Speaker 2: I wanted you to hear the pitch. I know it 808 00:42:35,800 --> 00:42:37,919 Speaker 2: upset many of you, and it's going to upset many 809 00:42:37,960 --> 00:42:39,560 Speaker 2: of you because this is what you're going to hear 810 00:42:39,600 --> 00:42:42,880 Speaker 2: through election day. Of twenty twenty six. The Republicans have 811 00:42:42,960 --> 00:42:44,840 Speaker 2: got to stand up and defend this. If it's going 812 00:42:44,880 --> 00:42:46,239 Speaker 2: to get voted down on the rule, it's going to 813 00:42:46,280 --> 00:42:48,960 Speaker 2: get voted down the rule. But right now we're seeing 814 00:42:48,960 --> 00:42:51,880 Speaker 2: these are feckless Republicans. You got to step up, step 815 00:42:51,920 --> 00:42:53,919 Speaker 2: into the plate. You ought to know this bill as 816 00:42:53,920 --> 00:42:57,040 Speaker 2: well as the Democrats do. They're hammering you with talking points, 817 00:42:57,040 --> 00:42:59,719 Speaker 2: hammer back. There's so much good in this and it's 818 00:43:00,000 --> 00:43:04,279 Speaker 2: dedicated upon economic growth. Once again, they're caught into the 819 00:43:04,360 --> 00:43:06,600 Speaker 2: cycle of defending these cuts they're making. 820 00:43:06,680 --> 00:43:10,239 Speaker 1: It's not it's not gonna work. Need to go on. 821 00:43:10,400 --> 00:43:14,799 Speaker 2: Offense, offense, offense, offense. I President Trump taught you anything. Uh, 822 00:43:14,880 --> 00:43:16,759 Speaker 2: you sure have learned that lesson. So right there you 823 00:43:16,760 --> 00:43:18,880 Speaker 2: see the feckless house. We're gonna take a commercial break. 824 00:43:19,400 --> 00:43:22,400 Speaker 1: Now more than ever, folks learn about gold. 825 00:43:22,680 --> 00:43:25,200 Speaker 2: Learn about what drives the price of gold, Learn about 826 00:43:25,239 --> 00:43:28,400 Speaker 2: the converging forces the drive gold is a hedge, particularly 827 00:43:28,400 --> 00:43:31,799 Speaker 2: in a complicated and dangerous global situation. 828 00:43:32,520 --> 00:43:33,359 Speaker 1: Now more than ever. 829 00:43:33,440 --> 00:43:36,399 Speaker 2: Birch gold dot com slash bennon. We lay it all 830 00:43:36,400 --> 00:43:38,880 Speaker 2: out for you in seven free installments. The End of 831 00:43:38,920 --> 00:43:42,000 Speaker 2: the Dollar Empire. We've got an entire team of Birch 832 00:43:42,040 --> 00:43:44,839 Speaker 2: gold In in rheojation era. 833 00:43:44,920 --> 00:43:45,680 Speaker 1: We're gonna interview. 834 00:43:45,960 --> 00:43:48,359 Speaker 2: We're gonna have Philip Patrick up tonight. He's gonna lay 835 00:43:48,360 --> 00:43:53,280 Speaker 2: out everything they're doing to understand what the global South, 836 00:43:53,320 --> 00:43:54,520 Speaker 2: the bricks Nations are doing. 837 00:43:54,600 --> 00:43:56,839 Speaker 1: Short commercial break back in the war in just a. 838 00:43:56,800 --> 00:44:01,879 Speaker 21: Moment, up and up. And As someone who served as 839 00:44:01,920 --> 00:44:05,160 Speaker 21: the chief of staff on the US Auto Rescue in 840 00:44:05,200 --> 00:44:08,839 Speaker 21: the Obama administration, I know what it means to see 841 00:44:08,880 --> 00:44:12,719 Speaker 21: Michiganders struggling. I know what it means when Michiganders have 842 00:44:12,800 --> 00:44:16,240 Speaker 21: to choose between paying their bills and paying for life 843 00:44:16,280 --> 00:44:21,480 Speaker 21: saving healthcare, all while billionaires get a tax cut. 844 00:44:21,680 --> 00:44:23,120 Speaker 7: This bill, mister. 845 00:44:22,880 --> 00:44:26,560 Speaker 21: Speaker, makes me sick to my stomach, and I urge 846 00:44:26,600 --> 00:44:27,920 Speaker 21: everyone to vote no. 847 00:44:28,200 --> 00:44:31,719 Speaker 7: Thank you, gen a lady from North Carolina. Thank you, 848 00:44:31,760 --> 00:44:34,000 Speaker 7: mister speaker. I reserve gener. 849 00:44:33,840 --> 00:44:36,200 Speaker 4: Lady North Carolina. Reserve jentlemen from Massachusetts. 850 00:44:38,000 --> 00:44:40,520 Speaker 2: So the isle, mister speaker, you know why they reserve. 851 00:44:41,160 --> 00:44:43,960 Speaker 2: You know whether you know why they reserve. They have 852 00:44:44,040 --> 00:44:49,799 Speaker 2: no Republicans over there. How can that possibly be? Right now, 853 00:44:49,840 --> 00:44:51,800 Speaker 2: you're seeing the twenty twenty six, this is the midterms. 854 00:44:51,800 --> 00:44:52,960 Speaker 1: You're hearing it all right there. 855 00:44:53,600 --> 00:44:55,160 Speaker 2: Look at the way they're spinning it. Look at the 856 00:44:55,160 --> 00:44:57,680 Speaker 2: way they're framing it. Look at the way this is 857 00:44:57,719 --> 00:44:59,879 Speaker 2: being air tax cuts and the American people being ripped. 858 00:45:00,320 --> 00:45:03,080 Speaker 2: You're gonna hear that over and over and over again. 859 00:45:03,120 --> 00:45:06,080 Speaker 2: That's their mantra. Where's the opposite side? Where are the Republicans? 860 00:45:06,120 --> 00:45:08,840 Speaker 1: How can you possibly not have people up. 861 00:45:08,680 --> 00:45:14,000 Speaker 2: There defending this bill, the President's bill. If you're gonna 862 00:45:14,040 --> 00:45:15,560 Speaker 2: vote the rule down, they vote the rule down. But 863 00:45:15,560 --> 00:45:17,279 Speaker 2: somebody who's got to be in the breach and call 864 00:45:17,320 --> 00:45:19,319 Speaker 2: out the lies of the Democrats. If you don't call 865 00:45:19,360 --> 00:45:21,799 Speaker 2: it out now, it's going to lock in, it gonna 866 00:45:21,800 --> 00:45:26,160 Speaker 2: build momentum. I just I don't understand how you have 867 00:45:26,320 --> 00:45:28,359 Speaker 2: this And you got one hundred Democrats down there, Look 868 00:45:28,360 --> 00:45:31,839 Speaker 2: how they're backed up, and your head blew up with 869 00:45:31,960 --> 00:45:35,720 Speaker 2: Sandy Cortes, you know, formerly known as AOC, Sandy Cortez 870 00:45:35,719 --> 00:45:39,919 Speaker 2: from Westchester, not a girl from the hood, and you had, 871 00:45:41,600 --> 00:45:43,400 Speaker 2: you know, my you had My favorite start off was 872 00:45:43,440 --> 00:45:47,560 Speaker 2: that a wig? I think that was a wig on 873 00:45:47,680 --> 00:45:50,120 Speaker 2: Maxine Walters. Maxie Waterers is wearing a wig today. 874 00:45:50,200 --> 00:45:50,680 Speaker 1: I don't know. 875 00:45:51,239 --> 00:45:53,920 Speaker 2: She was on fire calling people liars calling the president liar, 876 00:45:54,000 --> 00:45:57,200 Speaker 2: calling everybody liars. You see how many times the gentleman 877 00:45:57,320 --> 00:45:59,320 Speaker 2: running if sitting for the speaker, kind of running the 878 00:45:59,360 --> 00:46:02,080 Speaker 2: floor today, banging the gavel, saying you're out of order, 879 00:46:02,120 --> 00:46:04,800 Speaker 2: you can't have personal tax to the president. Every single 880 00:46:04,840 --> 00:46:07,799 Speaker 2: Democrat gets up there and attacks the president by name. 881 00:46:09,560 --> 00:46:11,640 Speaker 2: They're coming, and we got a fighter on our hands, 882 00:46:11,719 --> 00:46:13,560 Speaker 2: and we're gonna fight if you if you're gonna vote 883 00:46:13,600 --> 00:46:15,239 Speaker 2: for this bill, you gotta defend this bill. And there's 884 00:46:15,239 --> 00:46:18,239 Speaker 2: so much to defend every You know, every time five 885 00:46:18,280 --> 00:46:19,960 Speaker 2: times in a row or four times a row has been, 886 00:46:20,040 --> 00:46:21,359 Speaker 2: hadn't had a guy and then you get a guy 887 00:46:21,440 --> 00:46:24,680 Speaker 2: like Joe Wilson talking about the bombing of Iran. 888 00:46:25,320 --> 00:46:27,080 Speaker 1: It's not pertinent till. 889 00:46:26,920 --> 00:46:30,600 Speaker 2: Today to today to today, get up there and defend 890 00:46:30,600 --> 00:46:36,680 Speaker 2: the bill. There's another feckless example of a Johnson run 891 00:46:37,160 --> 00:46:38,640 Speaker 2: Republican party in Scalise. 892 00:46:38,880 --> 00:46:40,880 Speaker 1: Where are the fire breathers? 893 00:46:42,320 --> 00:46:44,120 Speaker 2: And if you didn't have the vote so the rule, 894 00:46:44,160 --> 00:46:46,080 Speaker 2: then maybe you should have waited. Have him go to 895 00:46:46,080 --> 00:46:51,480 Speaker 2: the White House, have come back and get organized right now, folks, 896 00:46:51,520 --> 00:46:53,239 Speaker 2: if you've got a problem with the irs, if you 897 00:46:53,280 --> 00:46:55,920 Speaker 2: see what's happening here, they're gonna need They're gonna have 898 00:46:56,000 --> 00:47:00,640 Speaker 2: to plug the gap by getting every pe of tax 899 00:47:00,680 --> 00:47:03,480 Speaker 2: money that they believe is owed to them. If you 900 00:47:03,560 --> 00:47:05,759 Speaker 2: have a notice from the RS or you're late, you're 901 00:47:05,840 --> 00:47:08,920 Speaker 2: late filing, you haven't filed, it's not going to go away. 902 00:47:08,960 --> 00:47:12,879 Speaker 2: Break the anxiety, break the angst, the not sleeping at night. 903 00:47:13,239 --> 00:47:15,080 Speaker 2: Don't put the letter in the drawer. Go to Tax 904 00:47:15,120 --> 00:47:18,040 Speaker 2: Network USA eight hundred ninety five, eight one thousand. They've 905 00:47:18,040 --> 00:47:21,719 Speaker 2: solved or settled a billion dollars worth of tax issues. 906 00:47:23,400 --> 00:47:24,960 Speaker 1: High probability they can do. 907 00:47:25,400 --> 00:47:27,319 Speaker 2: They can they can solve yours too, and you get 908 00:47:27,320 --> 00:47:30,440 Speaker 2: a free consultation eight hundred ninety five, eight one thousand 909 00:47:30,560 --> 00:47:33,960 Speaker 2: or t NUSA dot com, slash ban and sell. Tell 910 00:47:34,000 --> 00:47:36,920 Speaker 2: them Steve Bannon sentcha. They'll do you right, but make 911 00:47:36,960 --> 00:47:38,719 Speaker 2: sure you go check it out today. Also for the 912 00:47:38,719 --> 00:47:41,040 Speaker 2: Great Patriots. You hear the woman down there talking about 913 00:47:41,040 --> 00:47:43,800 Speaker 2: the green new scam in Texas. Is that enough to 914 00:47:43,840 --> 00:47:47,560 Speaker 2: make you want to you know, come on, man, Patriot Mobile, 915 00:47:47,600 --> 00:47:50,200 Speaker 2: the great Glenn story and the team at Patriot Mobile 916 00:47:50,239 --> 00:47:52,759 Speaker 2: gone out of the way to defend Texas. 917 00:47:53,200 --> 00:47:55,680 Speaker 1: Texas is the railhead of the MAGA movement. If folks, 918 00:47:57,000 --> 00:47:57,680 Speaker 1: and down there in. 919 00:47:57,680 --> 00:48:02,200 Speaker 2: The Texas delegation bet again on top of defending this bill. 920 00:48:02,280 --> 00:48:02,719 Speaker 1: You hurt. 921 00:48:02,960 --> 00:48:05,680 Speaker 2: Right there right now is twenty twenty six. You've heard 922 00:48:05,719 --> 00:48:07,839 Speaker 2: it all. They got all their talking points. They're gonna 923 00:48:08,320 --> 00:48:11,239 Speaker 2: hammer them, hammer them. How this is all about billionaires. 924 00:48:11,280 --> 00:48:14,399 Speaker 2: President Trump's doing terrible things to the working class. You've 925 00:48:14,440 --> 00:48:16,359 Speaker 2: got to defend this. You've got to get on it. 926 00:48:17,880 --> 00:48:21,399 Speaker 2: Patriot Mobile right now, go there, go to patriotmone ninety 927 00:48:21,400 --> 00:48:23,399 Speaker 2: seven to two Patriots East Way to do call. Talk 928 00:48:23,440 --> 00:48:27,720 Speaker 2: to an American citizen that's there at the customer service. 929 00:48:27,760 --> 00:48:31,719 Speaker 1: Talk about all their services. Sign up. Do the switch today, 930 00:48:32,440 --> 00:48:33,160 Speaker 1: not tomorrow. 931 00:48:33,680 --> 00:48:36,080 Speaker 2: Do the switch today, nine seven to two Patriot for 932 00:48:36,120 --> 00:48:40,560 Speaker 2: the best mobile phone service in the country. Go check 933 00:48:40,600 --> 00:48:42,720 Speaker 2: it out today, nine seven two Patriot One. Thank Glynn 934 00:48:42,719 --> 00:48:45,040 Speaker 2: story in the team being one of our sponsors. 935 00:48:45,600 --> 00:48:47,640 Speaker 1: Right there. I hope Charlie Kirk picks up some of this. 936 00:48:47,680 --> 00:48:49,440 Speaker 2: You got to hear it. You got to hear it. 937 00:48:49,680 --> 00:48:51,640 Speaker 2: The Warren possily wants to get ahead of things. You see, 938 00:48:51,760 --> 00:48:54,080 Speaker 2: this is the twenty twenty six campaign right there in 939 00:48:54,120 --> 00:48:56,759 Speaker 2: the big beautiful bill, and we need Republicans in the 940 00:48:56,800 --> 00:49:01,200 Speaker 2: well right now, hammering back, hammering back right now, that 941 00:49:01,320 --> 00:49:02,440 Speaker 2: was quite feckless. 942 00:49:03,760 --> 00:49:05,560 Speaker 1: Not good enough. My god. 943 00:49:05,560 --> 00:49:08,200 Speaker 2: If President Trump sees that his head will blow up 944 00:49:08,280 --> 00:49:09,399 Speaker 2: as it should. 945 00:49:09,880 --> 00:49:13,279 Speaker 1: Let's go to Washington, d C. My uh oh, my god, 946 00:49:13,320 --> 00:49:15,360 Speaker 1: Mike Lindell, tell me, brother, where are you? 947 00:49:20,440 --> 00:49:20,720 Speaker 6: Okay? 948 00:49:20,760 --> 00:49:24,680 Speaker 2: We need some sound with Mike Lindell. We're gonna need 949 00:49:24,719 --> 00:49:25,800 Speaker 2: some sound. 950 00:49:25,520 --> 00:49:28,239 Speaker 22: Steve, you got me, Steve, you got me? Hey, Steve, 951 00:49:28,560 --> 00:49:31,880 Speaker 22: I'm just watching right. Yeah, I'm about to hit in 952 00:49:31,920 --> 00:49:33,960 Speaker 22: the White House. I just did a big speech down 953 00:49:34,000 --> 00:49:34,480 Speaker 22: the streets. 954 00:49:34,520 --> 00:49:34,800 Speaker 1: Team. 955 00:49:35,080 --> 00:49:37,000 Speaker 22: You know, I love the people, right, so I had 956 00:49:37,000 --> 00:49:39,720 Speaker 22: to stop and talk to them all. And we're gonna 957 00:49:39,719 --> 00:49:42,440 Speaker 22: be handing in shortly. Got a lot of different meetings 958 00:49:42,440 --> 00:49:44,200 Speaker 22: and a lot of things to go over. As you know, 959 00:49:44,760 --> 00:49:47,080 Speaker 22: the twenty twenty election was told, and we've got to 960 00:49:47,080 --> 00:49:51,520 Speaker 22: be proactive and secure our election platforms going forward going 961 00:49:51,520 --> 00:49:55,240 Speaker 22: into these midterms and uh and save our country quite frankly, 962 00:49:55,560 --> 00:49:58,200 Speaker 22: and uh so I'm very excited about today. I'm gonna 963 00:49:58,200 --> 00:50:00,759 Speaker 22: be here for the next two days and meeting all 964 00:50:00,760 --> 00:50:04,000 Speaker 22: the people in DC. Steve who said this side everybody, 965 00:50:04,000 --> 00:50:06,719 Speaker 22: everybody seems to be a conservative here? 966 00:50:07,360 --> 00:50:08,279 Speaker 6: Is that true in DC? 967 00:50:12,040 --> 00:50:12,479 Speaker 1: That's true? 968 00:50:12,480 --> 00:50:14,480 Speaker 2: Mike you're gonna sell me a pillow or a Paris 969 00:50:14,920 --> 00:50:16,200 Speaker 2: set of sheets before you go in. 970 00:50:17,080 --> 00:50:17,319 Speaker 1: Don't. 971 00:50:17,800 --> 00:50:19,800 Speaker 2: I don't want to call security to have you blocks, 972 00:50:19,800 --> 00:50:21,920 Speaker 2: So do a good job and sell some sheets before 973 00:50:21,920 --> 00:50:22,160 Speaker 2: you go. 974 00:50:22,560 --> 00:50:24,759 Speaker 22: Right, all right, you guys, We're doing the fourth of 975 00:50:24,880 --> 00:50:28,080 Speaker 22: July special just exclusive to the Warroom Polsey. This is 976 00:50:28,160 --> 00:50:31,400 Speaker 22: the fifty percent off or more sale on all of 977 00:50:31,400 --> 00:50:33,960 Speaker 22: our products. So if you if you have out there, 978 00:50:33,960 --> 00:50:37,160 Speaker 22: it is the fourth of July sale fifty percent off 979 00:50:37,280 --> 00:50:37,680 Speaker 22: or more. 980 00:50:38,080 --> 00:50:39,760 Speaker 1: Use promo code war Room. 981 00:50:40,120 --> 00:50:42,640 Speaker 22: And you go to the website Mike Pillow dot com, 982 00:50:42,719 --> 00:50:46,120 Speaker 22: scroll down tosc Steve. We wait all year for this sale, 983 00:50:46,200 --> 00:50:48,560 Speaker 22: you guys, and we put it a day up early. 984 00:50:48,920 --> 00:50:51,840 Speaker 22: The sheets twenty nine to eighty any size, any color. 985 00:50:52,080 --> 00:50:55,400 Speaker 22: The Mike cross is one hundred percent made in the USA. 986 00:50:55,520 --> 00:50:58,200 Speaker 22: It's the biggest blowout sale for the fourth of July 987 00:50:58,320 --> 00:51:01,080 Speaker 22: in history. Call it eight h h you're eight seven 988 00:51:01,239 --> 00:51:04,920 Speaker 22: three one zero six two and use that promo code 989 00:51:04,920 --> 00:51:08,200 Speaker 22: war Room. And guys, I can't think the warm room 990 00:51:08,280 --> 00:51:11,360 Speaker 22: policy enough. We're gonna win this and save our country. 991 00:51:11,360 --> 00:51:13,440 Speaker 22: And you guys have made it all possible that my 992 00:51:13,600 --> 00:51:17,000 Speaker 22: pillow is still here making products of my employee owned 993 00:51:17,040 --> 00:51:20,960 Speaker 22: company promo code warmroom help me part in July. 994 00:51:20,920 --> 00:51:26,200 Speaker 2: Now, thank you, brother, most powerful promo code in the business. 995 00:51:26,280 --> 00:51:29,080 Speaker 1: Mike Lindell at the White House. We'll check in with 996 00:51:29,120 --> 00:51:32,120 Speaker 1: you this afternoon. Thank you, brother, Mike. Make sure everybody 997 00:51:32,200 --> 00:51:32,920 Speaker 1: goes checks it out. 998 00:51:32,960 --> 00:51:36,680 Speaker 2: Support my pillow, particularly over the fourth of July weekend. 999 00:51:36,840 --> 00:51:38,399 Speaker 1: Charlie Kirkson. I'll pick it up from here. 1000 00:51:39,400 --> 00:51:42,440 Speaker 2: Engine Room just told me the Republican Party still doesn't 1001 00:51:42,480 --> 00:51:44,840 Speaker 2: get why we won in twenty twenty four. That's quite 1002 00:51:44,880 --> 00:51:47,160 Speaker 2: obvious by that feckless performance you just saw on the 1003 00:51:47,200 --> 00:51:49,600 Speaker 2: House floor. Got to call him like you see him. 1004 00:51:49,640 --> 00:51:52,960 Speaker 2: People got a man up. This bill's not gonna sign itself. 1005 00:51:53,200 --> 00:51:54,640 Speaker 1: Got a roll. See back here at five.