1 00:00:00,600 --> 00:00:03,600 Speaker 1: These are just the words that were issued. I'm not 2 00:00:03,640 --> 00:00:08,560 Speaker 1: even trying to characterize the words. But the American people 3 00:00:08,680 --> 00:00:14,360 Speaker 1: need to hear these words from the people that were 4 00:00:14,440 --> 00:00:18,720 Speaker 1: sent to Congress to protect their interests. 5 00:00:19,720 --> 00:00:23,799 Speaker 2: We are watching Haquem Jefferies live in the House his 6 00:00:23,960 --> 00:00:26,360 Speaker 2: magic business. Now in this fifth hour, we're gonna watch 7 00:00:26,360 --> 00:00:27,880 Speaker 2: a little bit of this before we bring the show. 8 00:00:27,920 --> 00:00:28,760 Speaker 2: Let's go back live. 9 00:00:31,400 --> 00:00:34,000 Speaker 1: Says, this was one of the hardest votes. 10 00:00:37,880 --> 00:00:38,880 Speaker 2: I have taken. 11 00:00:41,520 --> 00:00:43,040 Speaker 1: During my time. 12 00:00:44,760 --> 00:00:45,360 Speaker 2: In the Senate. 13 00:00:48,640 --> 00:00:52,479 Speaker 1: Let me just editor editorialize there briefly. This should not 14 00:00:52,520 --> 00:00:56,400 Speaker 1: be a hard vote, Senator Mkowski. 15 00:00:56,600 --> 00:00:57,200 Speaker 3: This should be. 16 00:00:57,200 --> 00:01:01,440 Speaker 1: A hell no vote on behalf of the people who 17 00:01:01,640 --> 00:01:04,480 Speaker 1: was sent to Washington to represent. 18 00:01:06,440 --> 00:01:10,240 Speaker 2: It's a hell no vote for us. 19 00:01:09,880 --> 00:01:11,960 Speaker 1: Because we're standing up on behalf of the American people. 20 00:01:11,959 --> 00:01:18,000 Speaker 1: It should be a hell no vote. But mister, speak 21 00:01:18,000 --> 00:01:26,800 Speaker 1: of these these these are the words. Senator Mkowski says, 22 00:01:26,800 --> 00:01:31,160 Speaker 1: this was one of the hardest votes I have taken 23 00:01:31,280 --> 00:01:41,640 Speaker 1: during my time in the Senate. And then she keeps 24 00:01:41,640 --> 00:01:45,800 Speaker 1: it real as far as I can tell, she says, 25 00:01:49,640 --> 00:01:56,560 Speaker 1: but let's not kid ourselves. This has been an awful process. 26 00:01:59,000 --> 00:02:01,320 Speaker 1: Speak of those are the words of a Republican Senator, 27 00:02:03,120 --> 00:02:08,400 Speaker 1: not us. This has been an awful process, a frantic 28 00:02:08,520 --> 00:02:14,400 Speaker 1: rush to meet an artificial deadline that has tested every 29 00:02:14,560 --> 00:02:25,840 Speaker 1: limit of this institution. While we have worked to the 30 00:02:25,880 --> 00:02:26,600 Speaker 1: president bill. 31 00:02:26,440 --> 00:02:30,920 Speaker 2: For Okay, well, here's what we're gonna do. We're gonna 32 00:02:30,919 --> 00:02:34,240 Speaker 2: bring the That's okay. Haikeem Jeffries there at the Minority Leader. 33 00:02:34,400 --> 00:02:36,280 Speaker 2: He gets as much time as the one. It's called 34 00:02:36,320 --> 00:02:40,919 Speaker 2: the magic minute. One time McCarthy spoke for eight hours. Uh, 35 00:02:41,040 --> 00:02:44,680 Speaker 2: Hikeem Jeffries is now in his fifth hour. It doesn't 36 00:02:44,680 --> 00:02:46,760 Speaker 2: look like he's slowing down. This is just all backing 37 00:02:46,800 --> 00:02:49,320 Speaker 2: up the process for bringing the big, beautiful built, which 38 00:02:49,360 --> 00:02:53,239 Speaker 2: will pass. The rule passed. Everybody's on board, two undred 39 00:02:53,280 --> 00:02:56,359 Speaker 2: nineteen votes. It will pass, but it's gonna have to 40 00:02:56,400 --> 00:02:59,520 Speaker 2: wait until after Hakeem Jeffries and then I think they're 41 00:02:59,520 --> 00:03:01,240 Speaker 2: gonna be a on the bill, So this could take 42 00:03:01,280 --> 00:03:03,880 Speaker 2: throughout the day they plan on eight Thury in the morning, 43 00:03:03,960 --> 00:03:05,959 Speaker 2: let's go to bring the show in. We're going to 44 00:03:06,040 --> 00:03:07,440 Speaker 2: rock and roll. Now 's go ahead, let it rip. 45 00:03:10,600 --> 00:03:15,760 Speaker 2: This is the primal scream of a dying regime. Pray 46 00:03:15,840 --> 00:03:19,280 Speaker 2: for our enemies, because we're going to medieval on these people. 47 00:03:20,480 --> 00:03:23,120 Speaker 2: There's not got a free shot. All these networks lying 48 00:03:23,880 --> 00:03:26,120 Speaker 2: about the people. The people have had a belly full 49 00:03:26,160 --> 00:03:28,280 Speaker 2: of it. I know you don't like hearing that. I 50 00:03:28,280 --> 00:03:29,519 Speaker 2: know you try to do everything in the world to 51 00:03:29,520 --> 00:03:31,079 Speaker 2: stop that, but you're not going to stop it. It's 52 00:03:31,120 --> 00:03:31,959 Speaker 2: going to happen. 53 00:03:32,080 --> 00:03:34,280 Speaker 3: And where do people like that go to share the 54 00:03:34,320 --> 00:03:36,800 Speaker 3: big line? Mega media? 55 00:03:36,960 --> 00:03:40,040 Speaker 2: I wish in my soul, I wish that any of 56 00:03:40,080 --> 00:03:43,880 Speaker 2: these people had a conscience. Ask yourself, what is my 57 00:03:44,040 --> 00:03:47,600 Speaker 2: task and what is my purpose? If that answer is 58 00:03:47,680 --> 00:03:52,320 Speaker 2: to save my country, this country will be saved. 59 00:03:52,400 --> 00:03:52,880 Speaker 3: War Room. 60 00:03:53,320 --> 00:03:55,480 Speaker 4: Here's your host, Stephen k Ban. 61 00:04:01,280 --> 00:04:04,280 Speaker 2: It's Thursday, three July in the ear of Lord twenty 62 00:04:04,280 --> 00:04:06,880 Speaker 2: twenty five, and it's a quite historic day. And overnight 63 00:04:07,440 --> 00:04:09,800 Speaker 2: President Trump whipping votes at two thirty in the morning, 64 00:04:10,280 --> 00:04:14,240 Speaker 2: finally got the rules passed. Just the bill has to 65 00:04:14,280 --> 00:04:17,320 Speaker 2: be passed. They give the always give the courtesy of 66 00:04:17,360 --> 00:04:21,080 Speaker 2: the minority leader to make a few appropriate comments. They 67 00:04:21,120 --> 00:04:23,760 Speaker 2: give him a minute, it's called the magic minute, and 68 00:04:23,800 --> 00:04:26,200 Speaker 2: he takes whatever he wants. He Keeme jeffries, now on 69 00:04:26,240 --> 00:04:27,839 Speaker 2: the fifth hour, can we go and split screen that 70 00:04:27,880 --> 00:04:29,720 Speaker 2: for a second. I just want to there we go 71 00:04:30,120 --> 00:04:33,000 Speaker 2: Hekeeme jeffres has been there for five hours, and he's 72 00:04:33,040 --> 00:04:37,760 Speaker 2: been eviscerating, obviously, the big beautiful bill for the entire time. 73 00:04:38,080 --> 00:04:43,000 Speaker 2: A combination of mocking and ridiculing and intense of political warfare. 74 00:04:43,400 --> 00:04:47,680 Speaker 2: The twenty twenty six midterm campaign is being laid out 75 00:04:47,720 --> 00:04:49,839 Speaker 2: on the House floor even as we speak. And this 76 00:04:49,920 --> 00:04:52,520 Speaker 2: is why yesterday I was so upset that the Republicans 77 00:04:52,520 --> 00:04:55,360 Speaker 2: did not fire back. I think we have a limited 78 00:04:55,400 --> 00:04:58,039 Speaker 2: debate today on the bill before passage, and the bill 79 00:04:58,120 --> 00:05:02,839 Speaker 2: will pass that we will maybe hopefully hear the beginning 80 00:05:02,920 --> 00:05:05,000 Speaker 2: of the counter attack, because I think that we should 81 00:05:05,040 --> 00:05:09,760 Speaker 2: be driving this with all its failures, all its flaws, 82 00:05:09,760 --> 00:05:12,479 Speaker 2: and it's got failures, and it's got flaws, as any 83 00:05:12,560 --> 00:05:16,560 Speaker 2: massive piece of legislation like this has, it's got a 84 00:05:16,560 --> 00:05:18,560 Speaker 2: lot of good in there, and the good could actually 85 00:05:18,560 --> 00:05:21,040 Speaker 2: we're making a bet on a supply side tax cut 86 00:05:21,480 --> 00:05:24,080 Speaker 2: to get the country's economy going again and growing at 87 00:05:24,120 --> 00:05:26,840 Speaker 2: two point eight, three, three and a half four, maybe 88 00:05:26,839 --> 00:05:30,400 Speaker 2: even higher percentage, which is exactly what this country needs 89 00:05:30,400 --> 00:05:33,800 Speaker 2: to a combination of things. We've actually done a highlight 90 00:05:33,880 --> 00:05:37,880 Speaker 2: reel of for Keem Jeffers previous four and a half 91 00:05:37,920 --> 00:05:40,200 Speaker 2: or five hours. We know the audience is dying to 92 00:05:40,240 --> 00:05:43,920 Speaker 2: hear that. Particularly, it'll get you, it'll get your blood 93 00:05:44,000 --> 00:05:46,279 Speaker 2: up early in the morning. But I want to go 94 00:05:46,360 --> 00:05:51,400 Speaker 2: to I want to go to Joe Lavagne from the Treasury. Joe, 95 00:05:51,440 --> 00:05:53,440 Speaker 2: the big beautiful bill is going to pass. We are 96 00:05:53,480 --> 00:05:57,719 Speaker 2: now hearing that President Trump is going to sign it 97 00:05:57,800 --> 00:06:01,920 Speaker 2: tomorrow and actually talk about maybe tomorrow five o'clock something 98 00:06:02,000 --> 00:06:05,040 Speaker 2: before the big Fourth of July celebration really kicks off. 99 00:06:05,080 --> 00:06:07,520 Speaker 2: It will be all day war. War will be live 100 00:06:07,560 --> 00:06:09,640 Speaker 2: in the morning, and if we need to, well with 101 00:06:09,720 --> 00:06:11,680 Speaker 2: Real America's voice, We'll make sure we have the coverage 102 00:06:11,680 --> 00:06:13,880 Speaker 2: of President Trump's signing it, because I'm sure the signing 103 00:06:13,920 --> 00:06:16,840 Speaker 2: ceremony is going to be something to remember, given that 104 00:06:16,880 --> 00:06:20,919 Speaker 2: the President was whipping the vote himself. He had the 105 00:06:21,200 --> 00:06:26,320 Speaker 2: group of Racalciton House members on the phone I think 106 00:06:26,360 --> 00:06:28,960 Speaker 2: at two thirty in the morning, and eventually they kind 107 00:06:29,000 --> 00:06:30,720 Speaker 2: of rolled over and we're going to talk about I 108 00:06:30,720 --> 00:06:33,320 Speaker 2: think there's a combination of things that have been committed 109 00:06:33,360 --> 00:06:36,200 Speaker 2: to and promised, a lot of executive orders and things 110 00:06:36,240 --> 00:06:38,920 Speaker 2: to clean up the Senate build people straps say it. 111 00:06:38,960 --> 00:06:42,000 Speaker 2: When I say it's going to be voted on here shortly. 112 00:06:42,120 --> 00:06:44,840 Speaker 2: This is exactly the Senate built. There will be no changes. 113 00:06:44,880 --> 00:06:46,520 Speaker 2: That does not have to go back to the Senate. 114 00:06:46,560 --> 00:06:50,360 Speaker 2: They are essentially This was the hang up for many 115 00:06:50,400 --> 00:06:54,719 Speaker 2: members given everything. We weren't totally crazy about the House bill, 116 00:06:54,800 --> 00:06:58,000 Speaker 2: but given everything that House had done to actually make 117 00:06:58,040 --> 00:06:59,720 Speaker 2: it probably as good as you could get given the 118 00:06:59,720 --> 00:07:03,440 Speaker 2: post politics, the Senate change it in some cases pretty substantially. 119 00:07:04,160 --> 00:07:06,080 Speaker 2: But what you're getting is the Senate bill. That's what 120 00:07:06,120 --> 00:07:10,000 Speaker 2: we'll be voted on here shortly or when Hikeem Jeffries 121 00:07:10,000 --> 00:07:11,840 Speaker 2: gives up the gives up the floor, which could be 122 00:07:11,880 --> 00:07:14,400 Speaker 2: at any time, and of course we'll cover that live 123 00:07:14,480 --> 00:07:17,239 Speaker 2: to get the rest of the rest of the event 124 00:07:17,400 --> 00:07:19,800 Speaker 2: rolling Joe. So given where we stand, we're going to 125 00:07:19,840 --> 00:07:22,480 Speaker 2: pass this Senate bill once again. Make the case for this. 126 00:07:22,680 --> 00:07:25,440 Speaker 2: Why this is? This is Scott Besson said the Secretary 127 00:07:25,480 --> 00:07:29,000 Speaker 2: Treasury back when he was just a contributor to the 128 00:07:29,040 --> 00:07:31,520 Speaker 2: War Room, that this will be our last shot for 129 00:07:31,560 --> 00:07:36,360 Speaker 2: a supply side solution to the nation's economic problems. Hikeem 130 00:07:36,480 --> 00:07:41,480 Speaker 2: Jeffries has taken five hours to eviscerate that on the 131 00:07:41,800 --> 00:07:43,440 Speaker 2: on the House, for of course, he doesn't talk a 132 00:07:43,440 --> 00:07:46,920 Speaker 2: lot about growth. He doesn't talk about invested capital. That's 133 00:07:46,920 --> 00:07:49,640 Speaker 2: not really their thing. So what is our argument, What 134 00:07:49,760 --> 00:07:52,280 Speaker 2: is the key argument for this bill and how it's 135 00:07:52,280 --> 00:07:55,080 Speaker 2: going to rejuvenate the American economy and the United States 136 00:07:55,120 --> 00:07:55,640 Speaker 2: of America. 137 00:07:55,720 --> 00:07:59,280 Speaker 5: Sir Steve, thanks for having me the only person that 138 00:08:00,240 --> 00:08:03,320 Speaker 5: sleeps less than Secretary Best and a secretary as sorry 139 00:08:03,320 --> 00:08:04,200 Speaker 5: as President Trump. 140 00:08:04,560 --> 00:08:05,200 Speaker 6: I mean, it's. 141 00:08:05,080 --> 00:08:09,920 Speaker 5: Amazing how hard these patriots work. Look, the problem with 142 00:08:10,440 --> 00:08:13,239 Speaker 5: the scoring, as I've said many times, is the CBO 143 00:08:13,400 --> 00:08:17,440 Speaker 5: is assuming and historically pessimistic. In dower growth rate of 144 00:08:17,480 --> 00:08:21,320 Speaker 5: one point eight percent, it basically implies productivity growth is 145 00:08:21,320 --> 00:08:24,600 Speaker 5: in the low ones, about one percent. That's terrible. That's 146 00:08:24,600 --> 00:08:27,720 Speaker 5: not the case. What we saw under Trump's first term, 147 00:08:27,880 --> 00:08:31,800 Speaker 5: when productivity growth was accelerating every year real GDP as 148 00:08:31,840 --> 00:08:34,760 Speaker 5: you highlight, it was close to three percent. Three percent 149 00:08:34,800 --> 00:08:37,040 Speaker 5: to me is the right number going forward. Giving the 150 00:08:37,080 --> 00:08:43,040 Speaker 5: fact that this bill will do significant be significantly advantageous 151 00:08:43,040 --> 00:08:45,920 Speaker 5: for small businesses, the backbone of the economy. They generate 152 00:08:46,240 --> 00:08:50,760 Speaker 5: forty percent of all employment. It doubles the expensing the depreciation. 153 00:08:51,360 --> 00:08:53,960 Speaker 5: We've also got the full expensing of capital equipment. That 154 00:08:54,120 --> 00:08:57,240 Speaker 5: would also pertain to large companies. We're going to expense 155 00:08:57,320 --> 00:09:01,600 Speaker 5: factories and building. This morning's report show the fifteen thousand 156 00:09:01,600 --> 00:09:06,120 Speaker 5: increase in construction that should accelerate. Basically, the one big 157 00:09:06,160 --> 00:09:09,720 Speaker 5: beautiful bill with all of the energy dominance and independence, 158 00:09:10,760 --> 00:09:13,040 Speaker 5: less regulation in terms of permitting and be able to 159 00:09:13,080 --> 00:09:16,520 Speaker 5: access that abundant energy. All that is designed to be 160 00:09:16,600 --> 00:09:19,120 Speaker 5: able to produce more of the goods and services that 161 00:09:19,160 --> 00:09:22,559 Speaker 5: people want. So to me, people should have tried to 162 00:09:22,640 --> 00:09:25,079 Speaker 5: people should explain, they should be responsible for why is 163 00:09:25,120 --> 00:09:28,079 Speaker 5: the CBO giving you an historically depressed growth rate? And 164 00:09:28,120 --> 00:09:30,360 Speaker 5: it matters because if you go back and look at 165 00:09:30,360 --> 00:09:33,679 Speaker 5: the CBO's numbers from January, which is their latest published 166 00:09:33,760 --> 00:09:37,320 Speaker 5: numbers in terms of the detailed revenue specification, if you 167 00:09:37,600 --> 00:09:40,080 Speaker 5: just take the one eight and make it three, which 168 00:09:40,080 --> 00:09:43,920 Speaker 5: to me is a much more plausible number, you add 169 00:09:44,080 --> 00:09:47,760 Speaker 5: about a trillion dollars in more revenue than what CBO 170 00:09:47,880 --> 00:09:51,880 Speaker 5: was forecasting in January, and that's without any tariff effect. 171 00:09:52,240 --> 00:09:54,520 Speaker 5: So this notion that their latest scoring is going to 172 00:09:54,520 --> 00:09:56,760 Speaker 5: somehow add about two and a half trillion to the deficit, 173 00:09:57,000 --> 00:10:00,160 Speaker 5: I think is completely incorrect. And the bond mark, it 174 00:10:00,200 --> 00:10:02,400 Speaker 5: is saying as much the bond market yields are down 175 00:10:03,080 --> 00:10:05,520 Speaker 5: about half a point from where they were in January, 176 00:10:05,880 --> 00:10:08,640 Speaker 5: and the equity market is up. Credit spreads are tight 177 00:10:08,760 --> 00:10:12,960 Speaker 5: because investor base, which is so we're looking, is anticipating 178 00:10:13,400 --> 00:10:15,840 Speaker 5: a much stronger second half growth. So I think the 179 00:10:15,880 --> 00:10:18,160 Speaker 5: growth is the key variable, because if you get the 180 00:10:18,200 --> 00:10:21,320 Speaker 5: growth assumption wrong, everything there after, Steve is going to 181 00:10:21,320 --> 00:10:21,679 Speaker 5: be wrong. 182 00:10:24,480 --> 00:10:26,560 Speaker 2: You know, speaking of CBO, they were wrong the first 183 00:10:26,600 --> 00:10:30,040 Speaker 2: time with President Trump, and the first Trump tax cut 184 00:10:30,120 --> 00:10:32,640 Speaker 2: is small compared to this this and because it's made 185 00:10:32,720 --> 00:10:38,560 Speaker 2: things permanent, but also it's so more aggressive on capital 186 00:10:38,600 --> 00:10:41,880 Speaker 2: equipment expensing a capital equipment this was built. This bill 187 00:10:42,000 --> 00:10:46,560 Speaker 2: is built around a bet or an assumption that by 188 00:10:46,559 --> 00:10:50,800 Speaker 2: increasing capital investment and plant and equipment, that manufacturing is 189 00:10:50,800 --> 00:10:53,640 Speaker 2: going to be rejuvenated, either through on shoring or people 190 00:10:53,679 --> 00:10:56,760 Speaker 2: just building new plant here and starting new businesses, and 191 00:10:56,800 --> 00:10:59,559 Speaker 2: that expensing is going to add is going to turbo 192 00:10:59,720 --> 00:11:03,280 Speaker 2: charge this. CBO missed it the first time, and President 193 00:11:03,280 --> 00:11:05,520 Speaker 2: Trump on average, and you got to look to history 194 00:11:06,120 --> 00:11:08,959 Speaker 2: two point eight percent average and three point four percent. 195 00:11:09,679 --> 00:11:12,280 Speaker 2: Steve Cortez always reminds me in the fourth quarter of 196 00:11:12,360 --> 00:11:15,160 Speaker 2: twenty nineteen kind of the golden age of the American economy. 197 00:11:15,280 --> 00:11:18,400 Speaker 5: Joe, right, Well, the thing is, and Steve, the one 198 00:11:18,400 --> 00:11:22,280 Speaker 5: big beautiful bill doves tails with increased energy production and 199 00:11:22,320 --> 00:11:25,280 Speaker 5: of course the tariffs, because the tariffs are an incentive 200 00:11:25,320 --> 00:11:28,600 Speaker 5: for companies to operate here, to build a manufacturing base, 201 00:11:28,640 --> 00:11:31,880 Speaker 5: which lifts worker wages and generates more production and faster 202 00:11:31,960 --> 00:11:35,680 Speaker 5: GDP growth. So everything is integrated and combined together, everybody 203 00:11:35,720 --> 00:11:36,040 Speaker 5: sort of. 204 00:11:36,400 --> 00:11:37,920 Speaker 6: The critics have always just looked. 205 00:11:37,679 --> 00:11:40,120 Speaker 5: At they've picked it apart and looked at things in isolation, 206 00:11:40,480 --> 00:11:43,439 Speaker 5: which is completely incorrect. But let me also say this, Steve. 207 00:11:43,480 --> 00:11:47,280 Speaker 5: You talk about CBO's forecast being off, they've generally had 208 00:11:47,280 --> 00:11:50,760 Speaker 5: an institutional bias to be pessimistic, and certainly with President 209 00:11:50,800 --> 00:11:53,480 Speaker 5: Trump's forecast, we also sold that with the Federal Reserve, 210 00:11:53,600 --> 00:11:57,440 Speaker 5: same thing back in the back in the first Trump administration, 211 00:11:57,760 --> 00:12:01,679 Speaker 5: they estimated growth on the low side. CBO estimated growth 212 00:12:01,679 --> 00:12:04,280 Speaker 5: on the low side. And it's clear, based on the 213 00:12:04,360 --> 00:12:06,880 Speaker 5: CBO assumptions which everybody has worked up about because the 214 00:12:06,920 --> 00:12:11,240 Speaker 5: alleged deterioration and the deficit, those assumptions are almost guaranteed 215 00:12:11,280 --> 00:12:13,400 Speaker 5: to be wrong. They don't even account for a huge 216 00:12:13,400 --> 00:12:15,520 Speaker 5: AI boom. And as you were, alluding to all the 217 00:12:15,559 --> 00:12:18,160 Speaker 5: foreign capital that's coming into the US because they perceive 218 00:12:18,559 --> 00:12:20,959 Speaker 5: the returns on their capital will be much higher than 219 00:12:21,040 --> 00:12:24,040 Speaker 5: virtually anyplace else in the world. That's inconsistent with sub 220 00:12:24,080 --> 00:12:25,200 Speaker 5: two percent real GDP. 221 00:12:28,440 --> 00:12:31,160 Speaker 2: What should be the what should be the indicators? What 222 00:12:31,200 --> 00:12:33,560 Speaker 2: are the indicators you're looking at now for the acxemptions? 223 00:12:33,559 --> 00:12:35,320 Speaker 2: Should talk about the stock market, you talk about the 224 00:12:35,320 --> 00:12:37,760 Speaker 2: bond market, you talk about tight credit spreads. Put some 225 00:12:37,760 --> 00:12:39,880 Speaker 2: flesh on the bones. We've got a minute or two 226 00:12:39,960 --> 00:12:43,840 Speaker 2: leftl and what people understand that there are This is 227 00:12:43,920 --> 00:12:46,360 Speaker 2: just not people pitching this. This is just not outside 228 00:12:46,400 --> 00:12:50,480 Speaker 2: people talking about it. That these massive global capital markets 229 00:12:50,520 --> 00:12:54,520 Speaker 2: are weighing and measure every line of this and they're responding. 230 00:12:54,559 --> 00:12:55,679 Speaker 2: How are they responding right now? 231 00:12:55,720 --> 00:12:57,440 Speaker 5: So? What I would look at, Steve so in the 232 00:12:57,920 --> 00:12:59,480 Speaker 5: in the employment report today, if you look at the 233 00:12:59,480 --> 00:13:02,679 Speaker 5: hours work in the private sector, how many people are working, 234 00:13:03,200 --> 00:13:05,240 Speaker 5: how many people are working, how many hours are they're working, 235 00:13:05,320 --> 00:13:06,440 Speaker 5: was up nearly two percent. 236 00:13:06,760 --> 00:13:08,559 Speaker 6: That's thatt a two and a half year high. 237 00:13:08,720 --> 00:13:11,600 Speaker 5: That supports three percent type GDP growth for Q two, 238 00:13:12,000 --> 00:13:14,839 Speaker 5: and giving where the markets are, growth should accelerate. I'm 239 00:13:14,880 --> 00:13:17,440 Speaker 5: going to be watching the structure's piece of GDP. I'm 240 00:13:17,480 --> 00:13:20,520 Speaker 5: going to be looking at the Federal Reserve's production of 241 00:13:20,559 --> 00:13:24,320 Speaker 5: business equipment, which boomed over twenty percent in the first quarter. 242 00:13:24,679 --> 00:13:27,920 Speaker 5: I'm going to be following construction, spending, goods, employment. 243 00:13:28,080 --> 00:13:29,640 Speaker 6: Those are the areas of the economy that are. 244 00:13:29,600 --> 00:13:32,520 Speaker 5: Going to directly benefit from the one big, beautiful bill. 245 00:13:32,880 --> 00:13:35,880 Speaker 5: And now that this thing is basically done, that clarity 246 00:13:35,920 --> 00:13:39,120 Speaker 5: and certainty is going to cause businesses finally to reach 247 00:13:39,160 --> 00:13:41,160 Speaker 5: into their pockets and do the things they've been planning 248 00:13:41,160 --> 00:13:42,480 Speaker 5: to do. But now they know what's going to happen, 249 00:13:42,480 --> 00:13:44,719 Speaker 5: They're going to get those low tax rates, and this 250 00:13:44,800 --> 00:13:47,400 Speaker 5: supply side boom now can really start. 251 00:13:47,120 --> 00:13:48,120 Speaker 3: To expand. 252 00:13:49,720 --> 00:13:51,199 Speaker 2: Joking, hang on a minute, I want to take a 253 00:13:51,200 --> 00:13:52,959 Speaker 2: short commercial book. I do want to play the Rick 254 00:13:53,000 --> 00:13:55,839 Speaker 2: sant tellypiece on because we had the additional kind of 255 00:13:55,840 --> 00:13:59,280 Speaker 2: the more formal jobs report this morning, and I want 256 00:13:59,320 --> 00:14:02,719 Speaker 2: to play that and have your response. We've got e 257 00:14:02,880 --> 00:14:04,920 Speaker 2: j Antoni's going to join us, Steve Cortez is going 258 00:14:04,960 --> 00:14:07,320 Speaker 2: to join us, Lara Logan's going to join us. I 259 00:14:07,320 --> 00:14:10,080 Speaker 2: think we're trying to track down Hermee Dylan. I think 260 00:14:10,160 --> 00:14:14,040 Speaker 2: hopefully we'll get here slotted. If not today, hopefully tomorrow 261 00:14:14,160 --> 00:14:17,640 Speaker 2: or Saturday, will be live both days because of the 262 00:14:17,760 --> 00:14:23,000 Speaker 2: pressing not just the all important holiday and event of 263 00:14:23,080 --> 00:14:26,920 Speaker 2: the birth of this nation, but also because of the 264 00:14:26,920 --> 00:14:30,520 Speaker 2: pressing news both in Rio de Janeira, globally and here 265 00:14:30,600 --> 00:14:32,520 Speaker 2: the United States of America. I want to make sure 266 00:14:32,760 --> 00:14:35,960 Speaker 2: Philip Patrick's going to be with us from Rio on 267 00:14:36,120 --> 00:14:40,600 Speaker 2: Saturday and kind of the kickoff day of the Bricks conference. 268 00:14:40,720 --> 00:14:44,040 Speaker 2: He's down there. Just talked to him this morning. Interviewing everybody, 269 00:14:44,120 --> 00:14:47,640 Speaker 2: these finance ministers, central bankers, all of it. We'll have 270 00:14:47,680 --> 00:14:48,440 Speaker 2: a lot to report. 271 00:14:48,480 --> 00:14:51,960 Speaker 4: Short commercial break brought to you by Birch Gold. 272 00:14:53,000 --> 00:14:55,440 Speaker 2: We'll return to the Treasury Department in just a moment. 273 00:14:57,280 --> 00:15:02,160 Speaker 7: In America, I wouldn't look for this to make an 274 00:15:02,200 --> 00:15:07,120 Speaker 7: easy more likely. One hundred and forty seven thousand jobs 275 00:15:07,160 --> 00:15:10,800 Speaker 7: definitely better than expected, no matter what your range was, 276 00:15:10,880 --> 00:15:13,000 Speaker 7: whether it was closer to one hundred or one hundred 277 00:15:13,000 --> 00:15:16,120 Speaker 7: and fifteen thousand, it's a pretty good number. And guess 278 00:15:16,200 --> 00:15:20,280 Speaker 7: what if we look at the two month revision, it's positive, 279 00:15:20,640 --> 00:15:25,680 Speaker 7: it's up sixteen thousand. How does one forty seven stack up. Well, 280 00:15:25,720 --> 00:15:29,440 Speaker 7: it's pretty odd because it's exactly where we were in April, 281 00:15:29,520 --> 00:15:33,040 Speaker 7: unless they revised that to find a higher number than that. 282 00:15:33,240 --> 00:15:34,239 Speaker 3: Well you're going. 283 00:15:34,000 --> 00:15:35,040 Speaker 4: Back to last year. 284 00:15:35,320 --> 00:15:37,920 Speaker 7: So this is tied for the you know, second best, 285 00:15:37,960 --> 00:15:41,080 Speaker 7: tied for the first best number of job creation of 286 00:15:41,240 --> 00:15:41,680 Speaker 7: the year. 287 00:15:44,960 --> 00:15:47,040 Speaker 2: Okay, EJ's also going to join us in the second 288 00:15:47,080 --> 00:15:50,240 Speaker 2: hour in Steve Cortes to talk about this. But Joe, 289 00:15:50,280 --> 00:15:53,720 Speaker 2: just an observation on the Labor Department, And I don't 290 00:15:53,720 --> 00:15:55,400 Speaker 2: know if somebody's going to go get their mind right 291 00:15:55,440 --> 00:16:00,760 Speaker 2: over there. But in Biden it was always up in 292 00:16:00,840 --> 00:16:03,560 Speaker 2: the refecasting was always down. You know, they refecast of 293 00:16:03,640 --> 00:16:06,320 Speaker 2: the real number months after the media paid attention. It 294 00:16:06,360 --> 00:16:08,880 Speaker 2: was always down. So the report was always gun decked 295 00:16:09,360 --> 00:16:12,240 Speaker 2: here with Trump, I mean, if I'm wrong, they're always 296 00:16:12,600 --> 00:16:16,880 Speaker 2: you know, surprise, surprise, they always under forecast. I think 297 00:16:16,920 --> 00:16:20,280 Speaker 2: the correction is sixteen thousand to the positive. But as 298 00:16:20,320 --> 00:16:23,320 Speaker 2: you look at this jobs report, how does the Treasury 299 00:16:23,360 --> 00:16:26,440 Speaker 2: Department look at this? Is this a positive? Is this 300 00:16:26,520 --> 00:16:28,880 Speaker 2: a good kind of foundation to kick off the big 301 00:16:28,920 --> 00:16:32,160 Speaker 2: beautiful bills execution over the next twenty four to forty 302 00:16:32,200 --> 00:16:32,760 Speaker 2: eight hours. 303 00:16:32,600 --> 00:16:36,120 Speaker 5: Sir, Yes, it's a very good foundation. As I mentioned, 304 00:16:36,120 --> 00:16:38,640 Speaker 5: the hours are very strong. But also Steve recalled, just 305 00:16:38,680 --> 00:16:41,800 Speaker 5: a couple months ago all the nervous nellies in the 306 00:16:41,840 --> 00:16:44,080 Speaker 5: financial markets were saying how there was going to be 307 00:16:44,120 --> 00:16:48,080 Speaker 5: a recession. One forecaster said ninety five percent chance of 308 00:16:48,080 --> 00:16:48,680 Speaker 5: the downturn. 309 00:16:48,960 --> 00:16:50,120 Speaker 6: And here you why, you see the data. 310 00:16:50,160 --> 00:16:53,120 Speaker 5: The data are holding up reasonably well. And to your 311 00:16:53,160 --> 00:16:56,520 Speaker 5: point about revisions, generally, the revisions tell us something about 312 00:16:56,520 --> 00:16:59,320 Speaker 5: the underlying direction of the economy. So if we continue 313 00:16:59,320 --> 00:17:02,040 Speaker 5: to get up a revige visions, that suggests the economy 314 00:17:02,120 --> 00:17:04,399 Speaker 5: is strengthening and that the trend is going to be higher. 315 00:17:05,320 --> 00:17:07,720 Speaker 5: At Treasury, we're encouraged by the fact if you look 316 00:17:07,760 --> 00:17:12,040 Speaker 5: at the job gains year to date, over two million 317 00:17:12,080 --> 00:17:15,120 Speaker 5: of them are native born workers. I believe you've had 318 00:17:15,160 --> 00:17:18,600 Speaker 5: something like half a million declinent in foreign born workers. 319 00:17:18,960 --> 00:17:21,560 Speaker 5: That could be a very good proxy for illegal immigration. 320 00:17:22,080 --> 00:17:24,000 Speaker 5: So to the extent now that the border is secure 321 00:17:24,040 --> 00:17:26,479 Speaker 5: thanks to President Trump's policies and which is clearly going 322 00:17:26,520 --> 00:17:29,640 Speaker 5: to be reinforced in the One Big Beautiful Bill, what 323 00:17:29,640 --> 00:17:32,240 Speaker 5: that means, Steve, is you're not going to have below market, 324 00:17:32,280 --> 00:17:36,520 Speaker 5: below equilibrium workers enter into the market depress American wages. 325 00:17:36,880 --> 00:17:39,200 Speaker 5: So a secretary best it's been highlighting. What you're going 326 00:17:39,240 --> 00:17:42,280 Speaker 5: to see is wage growth accelerate. As you know, the 327 00:17:42,359 --> 00:17:44,800 Speaker 5: first five months of the year, real blue collar wages 328 00:17:45,080 --> 00:17:47,760 Speaker 5: grown the fastest to start any administration on record. 329 00:17:48,119 --> 00:17:49,960 Speaker 6: So as the illegal immigration. 330 00:17:49,600 --> 00:17:53,480 Speaker 5: Basically has disappeared, you're going to see faster nomenal wages 331 00:17:53,840 --> 00:17:56,840 Speaker 5: with declining inflation. That means real wages expand, it means 332 00:17:56,880 --> 00:17:57,960 Speaker 5: living standards grow. 333 00:17:58,240 --> 00:18:00,280 Speaker 6: And of course all this is reinforced. 334 00:17:59,800 --> 00:18:02,240 Speaker 5: Now by this imminent passage of the one Big Beautiful Bill. 335 00:18:07,640 --> 00:18:10,200 Speaker 2: Does the manufacturing is a little light and the government's 336 00:18:10,200 --> 00:18:12,560 Speaker 2: a little strong in this overall? Is this the point 337 00:18:12,640 --> 00:18:14,600 Speaker 2: of why we need the Big Beautiful Bill is we 338 00:18:14,680 --> 00:18:18,000 Speaker 2: need to This will focus on reshowing in our manufacturing base. 339 00:18:18,080 --> 00:18:21,200 Speaker 2: And the key here is to get a native born 340 00:18:21,680 --> 00:18:25,439 Speaker 2: manufacturing jobs, high value added jobs created here in the 341 00:18:25,480 --> 00:18:29,639 Speaker 2: country that people can raise families around and build careers around. 342 00:18:29,640 --> 00:18:33,040 Speaker 5: Sir, Yes, that's exactly right, Stephen. Part of the reason 343 00:18:33,080 --> 00:18:36,080 Speaker 5: that manufacturing is soft and housing is soft, to be honest, 344 00:18:36,520 --> 00:18:38,960 Speaker 5: is because the prior administration led to a forty year 345 00:18:40,200 --> 00:18:42,840 Speaker 5: Their irresponsible fiscal policies led to a deficit that went 346 00:18:42,920 --> 00:18:45,560 Speaker 5: up to their seven percent of GDP in an economy 347 00:18:45,600 --> 00:18:48,960 Speaker 5: that was at full employment and inflation went to a 348 00:18:49,000 --> 00:18:52,400 Speaker 5: forty year plus high, and that's kept interest rates high. 349 00:18:52,400 --> 00:18:56,199 Speaker 5: So as inflation is coming down, and all the pessimists 350 00:18:56,240 --> 00:18:58,080 Speaker 5: on the tariffs have been proven completely wrong. 351 00:18:58,320 --> 00:18:59,760 Speaker 6: And they were saying the tariffs are going to impact 352 00:18:59,760 --> 00:19:00,560 Speaker 6: the day in March. 353 00:19:00,560 --> 00:19:03,200 Speaker 5: Didn't happen to March, didn't happen in April, didn't happen 354 00:19:03,240 --> 00:19:07,320 Speaker 5: in May. Long rates are falling, those market based rates 355 00:19:07,359 --> 00:19:10,119 Speaker 5: will come down and that will help lift housing, it 356 00:19:10,119 --> 00:19:12,720 Speaker 5: will help lift manufacturing. And of course the big piece 357 00:19:12,840 --> 00:19:14,879 Speaker 5: is the is the one big beautiful bill tight end 358 00:19:14,920 --> 00:19:20,000 Speaker 5: with the deregulation, the tariffs, the you know, the re shuring, reindustrialation, 359 00:19:20,200 --> 00:19:23,440 Speaker 5: all those things are all interconnected and interwoven. 360 00:19:25,280 --> 00:19:29,200 Speaker 2: And the full spectrum energy dominance. Last question, Joe. Yesterday 361 00:19:29,240 --> 00:19:30,800 Speaker 2: we were saying, and the President I think picked up 362 00:19:30,840 --> 00:19:33,320 Speaker 2: on it because you've been hammering. He's been hammering. What 363 00:19:33,359 --> 00:19:36,119 Speaker 2: was he call it, too late Jones two? Late Powell 364 00:19:37,720 --> 00:19:40,440 Speaker 2: in the labor report talking about potentially a softening labor market. 365 00:19:40,720 --> 00:19:43,920 Speaker 2: Does this report you think get pal a little breathing room. 366 00:19:43,960 --> 00:19:46,560 Speaker 2: Will he use this as a shield. I don't want 367 00:19:46,560 --> 00:19:48,800 Speaker 2: to say a human shield, but will he use this 368 00:19:48,880 --> 00:19:52,159 Speaker 2: as a shield against people that are saying, hey, you 369 00:19:52,200 --> 00:19:53,960 Speaker 2: got to cut rates. You've been late to the party 370 00:19:54,000 --> 00:19:56,440 Speaker 2: every time, but you got to cut rates because of 371 00:19:56,560 --> 00:19:59,880 Speaker 2: potentially a soft labor market out there, sir Se. 372 00:20:00,200 --> 00:20:01,240 Speaker 6: The financial markets. 373 00:20:01,240 --> 00:20:04,080 Speaker 5: The fore we're looking financial markets are anticipating the FED 374 00:20:04,119 --> 00:20:06,480 Speaker 5: to cut interest rates. If you look at real or 375 00:20:06,480 --> 00:20:09,280 Speaker 5: inflation adjusted interest rates, and we take one to cheer 376 00:20:09,359 --> 00:20:13,120 Speaker 5: Powell's favorite metrics, it's down well over a point, which 377 00:20:13,160 --> 00:20:16,360 Speaker 5: means that the real or inflation adjusted interest rate by 378 00:20:16,359 --> 00:20:20,480 Speaker 5: this one measure is actually increased. So historically it is 379 00:20:20,560 --> 00:20:23,600 Speaker 5: true the FED has been late in cutting rates, and 380 00:20:24,240 --> 00:20:26,399 Speaker 5: their own research has shown that time and time again. 381 00:20:26,760 --> 00:20:29,919 Speaker 5: The President clearly has made a very forceful and powerful 382 00:20:30,000 --> 00:20:32,160 Speaker 5: argument for lower rates. So I don't want to comment 383 00:20:32,240 --> 00:20:35,760 Speaker 5: directly on FED policy, but the historical record is correct. 384 00:20:35,960 --> 00:20:38,600 Speaker 5: The FED always has almost always been late in terms 385 00:20:38,600 --> 00:20:39,320 Speaker 5: of easing rates. 386 00:20:41,760 --> 00:20:44,560 Speaker 2: Hey, Joe, where can people get you on social media 387 00:20:44,560 --> 00:20:46,320 Speaker 2: to follow you? Because I know between now and the 388 00:20:46,359 --> 00:20:49,199 Speaker 2: signing and then afterwards, the Treasury Department will be one 389 00:20:49,200 --> 00:20:52,520 Speaker 2: of the principal departments that the President looks to. Secretary 390 00:20:52,560 --> 00:20:56,240 Speaker 2: Besent on the execution of the Big beautiful bill. So 391 00:20:56,359 --> 00:20:57,600 Speaker 2: where do people go to follow you? 392 00:20:57,720 --> 00:21:01,560 Speaker 5: So yes, as you mentioned that, Steve sec Scott Bessant 393 00:21:01,680 --> 00:21:04,040 Speaker 5: first and foremost, that's who you have to follow, And 394 00:21:04,160 --> 00:21:05,959 Speaker 5: if you want to take that second look around, then 395 00:21:06,000 --> 00:21:08,160 Speaker 5: you can follow me at Lavornianomics. 396 00:21:10,760 --> 00:21:12,840 Speaker 2: Brother, thank you so much for explaining this all to us. 397 00:21:12,840 --> 00:21:13,399 Speaker 2: Appreciate you. 398 00:21:13,920 --> 00:21:16,480 Speaker 6: Thank you, Steve always my pleasure of a great fourth. 399 00:21:18,160 --> 00:21:21,040 Speaker 2: Thank you, brother. Our crack production team's going to keep 400 00:21:21,040 --> 00:21:23,800 Speaker 2: an eye on Keem Jeffreys. Let me bring Cortes and 401 00:21:23,880 --> 00:21:27,080 Speaker 2: so Cortes. You now run a group that's focused on 402 00:21:27,600 --> 00:21:31,399 Speaker 2: not just native born labor, but Hispanic citizens others to 403 00:21:31,560 --> 00:21:35,080 Speaker 2: get manufacturing jobs back. So this is right in your wheelhouse. 404 00:21:35,520 --> 00:21:38,520 Speaker 2: In addition, we've been at the forefront with you of 405 00:21:38,640 --> 00:21:43,679 Speaker 2: this observations about artificial intelligence a very disturbing story. Everybody 406 00:21:43,680 --> 00:21:47,160 Speaker 2: should go to get on get her. I'm exclusive over 407 00:21:47,200 --> 00:21:48,720 Speaker 2: there and you see my getter kind of got a 408 00:21:48,760 --> 00:21:51,719 Speaker 2: story up on Semaphore, which is just announced in some 409 00:21:51,760 --> 00:21:55,600 Speaker 2: research reports they've been going through that artificial intelligence machine 410 00:21:55,680 --> 00:22:02,639 Speaker 2: learning is increasing, increasing capabilities every seven months, our doubling 411 00:22:02,680 --> 00:22:06,480 Speaker 2: capabilities every seven months, not every two years. So this 412 00:22:06,520 --> 00:22:10,439 Speaker 2: is going to hit us quicker than ever. Add that 413 00:22:10,480 --> 00:22:13,119 Speaker 2: to the supply side. Cut your thoughts first on the 414 00:22:13,200 --> 00:22:16,640 Speaker 2: labor report from this morning. Where do you see strainths, 415 00:22:16,720 --> 00:22:19,480 Speaker 2: where do you have issues or do you have concerns? 416 00:22:19,520 --> 00:22:21,720 Speaker 2: And then let's talk about the big beautiful bill. 417 00:22:21,840 --> 00:22:24,480 Speaker 8: You bet so listen. Regarding this jobs report out today, 418 00:22:25,080 --> 00:22:27,200 Speaker 8: on the whole, it is solid, it is not great. 419 00:22:27,240 --> 00:22:29,480 Speaker 8: There is some very great news in there, and there's 420 00:22:29,520 --> 00:22:31,480 Speaker 8: also some worrisome parts of this report. 421 00:22:31,480 --> 00:22:33,200 Speaker 3: And let's get specific on that. If we can pull 422 00:22:33,240 --> 00:22:33,800 Speaker 3: up chart one. 423 00:22:33,840 --> 00:22:36,200 Speaker 8: By the way, this is just a report out showing 424 00:22:36,200 --> 00:22:39,480 Speaker 8: the numbers from CNBC. So overall added one hundred and 425 00:22:39,520 --> 00:22:42,240 Speaker 8: forty seven thousand jobs. That is certainly a very solid 426 00:22:42,680 --> 00:22:44,760 Speaker 8: top line number. But if we look at the details, 427 00:22:44,840 --> 00:22:46,960 Speaker 8: what's the worrior some part. Let's get to that first. Well, 428 00:22:47,680 --> 00:22:51,000 Speaker 8: about half of them, seventy three thousand come from government, 429 00:22:51,119 --> 00:22:52,240 Speaker 8: mostly state and local. 430 00:22:52,280 --> 00:22:53,240 Speaker 3: Now that's goods, not. 431 00:22:53,200 --> 00:22:55,959 Speaker 8: The federal government, which shed jobs at state and local 432 00:22:56,160 --> 00:22:58,840 Speaker 8: a lot of back to school hiring going on there, 433 00:22:59,000 --> 00:23:01,760 Speaker 8: but also worry some I would call government adjacent, which 434 00:23:01,800 --> 00:23:05,760 Speaker 8: is healthcare and social assistance thirty nine thousand jobs in 435 00:23:05,800 --> 00:23:10,439 Speaker 8: healthcare nineteen thousand and social assistance. Manufacturing lost seven thousand 436 00:23:10,480 --> 00:23:13,000 Speaker 8: jobs in this report. Now let's get to the great news, though, 437 00:23:13,000 --> 00:23:14,520 Speaker 8: and that is at the top of the article there, 438 00:23:14,760 --> 00:23:19,480 Speaker 8: and that is the galloping hire in wages, and particularly 439 00:23:19,720 --> 00:23:22,960 Speaker 8: real wages, and Steve, real wages are the mother's milk 440 00:23:22,960 --> 00:23:25,960 Speaker 8: of prosperity for the vast majority of Americans, for main 441 00:23:25,960 --> 00:23:28,600 Speaker 8: street USA, when your income is rising faster than the 442 00:23:28,640 --> 00:23:31,200 Speaker 8: expenses in your life, you are getting more prosperous. 443 00:23:31,200 --> 00:23:32,160 Speaker 3: And as you mentioned. 444 00:23:31,840 --> 00:23:35,040 Speaker 8: Earlier, the golden year in all of American history, it's 445 00:23:35,040 --> 00:23:38,720 Speaker 8: not an exaggeration, was twenty nineteen for real wage growth 446 00:23:38,720 --> 00:23:41,720 Speaker 8: for all Americans, but particularly for those at the lower 447 00:23:41,800 --> 00:23:44,960 Speaker 8: rungs of the socioeconomic ladder who needed those gains the most. 448 00:23:45,000 --> 00:23:46,960 Speaker 3: Now, can we replicate that again? 449 00:23:47,480 --> 00:23:50,480 Speaker 8: I believe we can with President Trump's second term that 450 00:23:50,560 --> 00:23:52,440 Speaker 8: it can happen, But we've got to be really smart 451 00:23:52,480 --> 00:23:55,240 Speaker 8: about policies, and not just on the economic side, but 452 00:23:55,280 --> 00:23:58,440 Speaker 8: also on the immigration side. And in large part because 453 00:23:58,480 --> 00:24:01,880 Speaker 8: of what's going on with AI, Microsoft of course announced 454 00:24:02,000 --> 00:24:05,679 Speaker 8: nine thousand job cuts. Now those are family sustaining, high 455 00:24:05,720 --> 00:24:08,760 Speaker 8: paying jobs, and there has really been wreckage, particularly in 456 00:24:08,800 --> 00:24:12,040 Speaker 8: big tech, but not only big tech already because of what. 457 00:24:12,000 --> 00:24:12,760 Speaker 3: AI is doing. 458 00:24:12,800 --> 00:24:17,199 Speaker 8: AI has incredible promise economically, it also has tremendous peril 459 00:24:17,359 --> 00:24:19,720 Speaker 8: potentially for the United States, and no one has covered 460 00:24:19,720 --> 00:24:22,240 Speaker 8: that entire issue better than you have. But on the 461 00:24:22,280 --> 00:24:24,840 Speaker 8: economic side, we've got to be very cognizant of this. 462 00:24:24,920 --> 00:24:26,639 Speaker 8: And if we can look at another aspect of the 463 00:24:26,720 --> 00:24:29,280 Speaker 8: jobs market, let's look at the ADP report if we 464 00:24:29,280 --> 00:24:31,840 Speaker 8: can pull up Chart two, and ADP, of course is 465 00:24:31,840 --> 00:24:36,480 Speaker 8: the behemoth of human resources and payrolls in this country. 466 00:24:36,760 --> 00:24:40,280 Speaker 8: It showed a negative number for the first time since 467 00:24:40,320 --> 00:24:43,240 Speaker 8: twenty twenty three, so that is obviously worries some Now, 468 00:24:43,440 --> 00:24:46,600 Speaker 8: the ADP forecast and the government statistics don't always match 469 00:24:46,640 --> 00:24:49,240 Speaker 8: up exactly over a long period of time. They generally do, 470 00:24:49,920 --> 00:24:52,399 Speaker 8: but this has cause for concern. Now, is this the 471 00:24:52,440 --> 00:24:54,280 Speaker 8: fault of President Trump. Not remotely. 472 00:24:54,840 --> 00:24:55,840 Speaker 3: This is about AI. 473 00:24:56,040 --> 00:24:58,199 Speaker 8: And I think that is very clear that AI is 474 00:24:58,280 --> 00:25:01,919 Speaker 8: already starting to do massively and eliminate white collar jobs 475 00:25:01,960 --> 00:25:04,359 Speaker 8: in particular. And let me show you that on chart three. 476 00:25:04,400 --> 00:25:06,600 Speaker 8: This is from the Wall Street Journal. I've showed this 477 00:25:06,600 --> 00:25:08,639 Speaker 8: actually before on the show. We showed this last week. 478 00:25:09,119 --> 00:25:12,239 Speaker 8: This is white collar jobs executives and managers and as 479 00:25:12,280 --> 00:25:14,480 Speaker 8: you can see on the lower half of that chart, 480 00:25:14,720 --> 00:25:17,800 Speaker 8: it is a very troubling trend for several years now, 481 00:25:18,840 --> 00:25:20,040 Speaker 8: we might call it a secular trend. 482 00:25:20,080 --> 00:25:21,840 Speaker 3: Okay, now, let's connect this to immigration. 483 00:25:22,520 --> 00:25:24,720 Speaker 8: And the war room does this better than anybody, connecting 484 00:25:24,760 --> 00:25:28,000 Speaker 8: the dots between issues which may not initially seem to 485 00:25:28,000 --> 00:25:30,800 Speaker 8: be all that linked, but are actually inextricably linked. 486 00:25:30,880 --> 00:25:33,080 Speaker 3: So the power of AI can. 487 00:25:32,920 --> 00:25:37,040 Speaker 8: Absolutely be the jet fuel that allows productivity to soar 488 00:25:37,040 --> 00:25:40,080 Speaker 8: in this country and allows this big bet on growth, 489 00:25:40,200 --> 00:25:43,399 Speaker 8: which is what this Triple Bill really is. It is 490 00:25:43,440 --> 00:25:47,119 Speaker 8: a massive bet on growth. For it to work, AI 491 00:25:47,320 --> 00:25:49,240 Speaker 8: is going to have to be a key component to 492 00:25:49,240 --> 00:25:51,520 Speaker 8: see the kinds of productivity gains that we can get. 493 00:25:51,680 --> 00:25:54,080 Speaker 8: It's similar in many ways to the bet of the 494 00:25:54,160 --> 00:25:56,680 Speaker 8: late nineties in the United States, when in the early 495 00:25:56,760 --> 00:26:00,399 Speaker 8: days of the Internet that new technology helped power balanced 496 00:26:00,400 --> 00:26:03,919 Speaker 8: budgets into the late nineties under Bill Clinton with the 497 00:26:03,960 --> 00:26:07,280 Speaker 8: help of a Republican Congress who got sane on fiscal policy. 498 00:26:07,320 --> 00:26:10,240 Speaker 8: We can have a similar phenomenon now with AI. But 499 00:26:10,280 --> 00:26:13,800 Speaker 8: here is the risk to AI are these job eliminations. 500 00:26:13,840 --> 00:26:17,000 Speaker 8: And that's why it is so imperative more than ever 501 00:26:17,440 --> 00:26:20,200 Speaker 8: for us to get control of not just our borders, 502 00:26:20,400 --> 00:26:24,760 Speaker 8: but also mass deportations of illegal workers from this country. 503 00:26:24,960 --> 00:26:27,000 Speaker 8: This is there is no time that is a good 504 00:26:27,000 --> 00:26:29,879 Speaker 8: time to tolerate illegal migration and illegal workers in the 505 00:26:30,040 --> 00:26:32,800 Speaker 8: flood of millions of illegal workers into this country compete 506 00:26:32,800 --> 00:26:36,080 Speaker 8: against Americas. This is the worst possible time given Ai. 507 00:26:36,520 --> 00:26:40,080 Speaker 2: Yeah, hang on, Steep. Also about the H one V 508 00:26:40,240 --> 00:26:42,159 Speaker 2: visas and all the visa programs we've got to have. Now, 509 00:26:42,200 --> 00:26:43,960 Speaker 2: we've got to hammer it down to it. The way 510 00:26:44,000 --> 00:26:45,960 Speaker 2: this thing got passed last night, President Trump, there's a 511 00:26:45,960 --> 00:26:49,320 Speaker 2: commitment I think, to a number of executive orders on costs, 512 00:26:49,440 --> 00:26:52,400 Speaker 2: pocket decisions, impoundments, all of it. I'll get back into 513 00:26:52,480 --> 00:27:00,520 Speaker 2: that when we return in just a moment, our host 514 00:27:00,760 --> 00:27:07,119 Speaker 2: Stephen K. Bath Okay, Now, more than ever, it's not 515 00:27:07,240 --> 00:27:09,440 Speaker 2: the price of gold, it's the process of Hey, you 516 00:27:09,480 --> 00:27:12,080 Speaker 2: get to the prices, the process of how gold gets 517 00:27:12,080 --> 00:27:15,440 Speaker 2: its value as a hedge. Take out your phone at 518 00:27:15,440 --> 00:27:17,879 Speaker 2: text the following Bannon B A N N O N 519 00:27:18,080 --> 00:27:20,119 Speaker 2: at nine eight nine eight nine eight. You get the 520 00:27:20,240 --> 00:27:23,040 Speaker 2: ultimate guide for investing in golden pressures medals in the 521 00:27:23,080 --> 00:27:26,920 Speaker 2: age of Trump. Also, make sure you understand the de 522 00:27:27,040 --> 00:27:30,639 Speaker 2: dollarization process We're gonna talk about that Friday. On Saturday, 523 00:27:30,680 --> 00:27:34,680 Speaker 2: excuse me Live with Philip Patrick from Rio Deshanaur. He's 524 00:27:34,720 --> 00:27:38,280 Speaker 2: there right now talking to central bankers, talking to finance 525 00:27:38,320 --> 00:27:41,800 Speaker 2: ministers at the Bricks Nations, the Global South come together, 526 00:27:42,160 --> 00:27:45,800 Speaker 2: Birch Gold dot com, slash Bannon, the end of the 527 00:27:45,840 --> 00:27:51,840 Speaker 2: dollar Empire. Seven free installments. You will understand everything about debt, deficits, 528 00:27:51,920 --> 00:27:55,760 Speaker 2: debt ceilings, all of it. And trust me, those worries 529 00:27:55,880 --> 00:27:57,719 Speaker 2: are not gone. There's still gonna be a big part 530 00:27:57,720 --> 00:28:01,400 Speaker 2: of this. We're gonna talk about the appropriations process later. Also, 531 00:28:01,520 --> 00:28:04,760 Speaker 2: remember to President Trump whipped this vote two thirty in 532 00:28:04,760 --> 00:28:06,440 Speaker 2: the morning. He was still whipping the vote. I mean, 533 00:28:06,680 --> 00:28:09,240 Speaker 2: think about it. This guy makes the deals, then he 534 00:28:09,320 --> 00:28:12,040 Speaker 2: has to sell the deal. He whip it, he has 535 00:28:12,080 --> 00:28:17,680 Speaker 2: to bring it together. There were some I think commitments 536 00:28:17,720 --> 00:28:21,800 Speaker 2: made on the executive order side about getting control of spending. 537 00:28:22,720 --> 00:28:25,520 Speaker 2: As you know, we've been a big believer in impoundments. 538 00:28:26,320 --> 00:28:29,199 Speaker 2: I think you're gonna see recisions, maybe pocket recisions. The 539 00:28:29,200 --> 00:28:33,439 Speaker 2: appropriations process. Remember September thirtieth, the fiscal year ends. This 540 00:28:33,440 --> 00:28:37,520 Speaker 2: whole appropriation process for fiscal twenty six is where the 541 00:28:37,600 --> 00:28:39,920 Speaker 2: rubber meets the road, and you're gonna see another big 542 00:28:39,960 --> 00:28:41,800 Speaker 2: fight because people are adamant we've got to get the 543 00:28:41,800 --> 00:28:44,400 Speaker 2: cost down here. And President Trump understands that. I think 544 00:28:44,480 --> 00:28:46,920 Speaker 2: RUSS vote understands it. RUSS votes come up with a 545 00:28:46,960 --> 00:28:52,240 Speaker 2: series I think of potential at least partial solutions. This 546 00:28:52,280 --> 00:28:54,360 Speaker 2: is why the big beautiful bill what you're seeing today 547 00:28:54,400 --> 00:28:56,440 Speaker 2: and going to be voted on, and you've got to 548 00:28:56,480 --> 00:28:59,280 Speaker 2: embrace this is the Senate bill. It's not the House built. 549 00:28:59,320 --> 00:29:01,320 Speaker 2: Nothing will be change that came over from the Senate. 550 00:29:01,360 --> 00:29:03,600 Speaker 2: Otherwise they would have to go back and forth. There's 551 00:29:03,600 --> 00:29:05,280 Speaker 2: a decision made. We're not going to do that because 552 00:29:05,320 --> 00:29:10,040 Speaker 2: it could take forever. Decision was made about some not changes, 553 00:29:10,080 --> 00:29:11,800 Speaker 2: but the actions that are going to be taken. I 554 00:29:11,840 --> 00:29:13,480 Speaker 2: think you'll see these out of President of Trump, the 555 00:29:13,480 --> 00:29:16,600 Speaker 2: White House, Ross Vote, the Office Management and Budget to 556 00:29:16,720 --> 00:29:20,920 Speaker 2: get tougher on cost cutting. So that will come out 557 00:29:21,080 --> 00:29:23,880 Speaker 2: I think later, but now more than ever, I think 558 00:29:23,880 --> 00:29:27,240 Speaker 2: you have to understand why gold has been a hedge 559 00:29:28,360 --> 00:29:33,280 Speaker 2: against particularly fiat currency for thousands of years. Make sure 560 00:29:33,320 --> 00:29:36,320 Speaker 2: you understand that Birch Gold dot com promo code Bannon 561 00:29:37,080 --> 00:29:39,080 Speaker 2: slash bannon, get the end of the dollar empire. But 562 00:29:39,120 --> 00:29:41,880 Speaker 2: also you get a relationship with Philip Patrick and the team, 563 00:29:42,400 --> 00:29:45,880 Speaker 2: and that's important. Also Tax Network USA, let me give 564 00:29:45,920 --> 00:29:48,880 Speaker 2: you a news flash in order to you know, they 565 00:29:48,960 --> 00:29:51,520 Speaker 2: keep talking about revenue. Right now, we basically spend seven 566 00:29:51,600 --> 00:29:53,440 Speaker 2: tree and we bring in five tree and there's two 567 00:29:53,440 --> 00:29:57,240 Speaker 2: tree in gap. The growth of potential of this is 568 00:29:57,280 --> 00:30:01,040 Speaker 2: to get revenues up because growth, growth is up and 569 00:30:01,080 --> 00:30:04,600 Speaker 2: people are paying more taxes on existing these tax structures 570 00:30:04,600 --> 00:30:09,200 Speaker 2: we put in permanently that they will end up paying 571 00:30:09,200 --> 00:30:11,640 Speaker 2: more taxes, will reshore more jobs. So the terrorists are 572 00:30:11,640 --> 00:30:15,320 Speaker 2: coming and restoring more jobs, more employment, more corporate activity, 573 00:30:15,440 --> 00:30:18,120 Speaker 2: more taxes. That being said, the IRS is going to 574 00:30:18,160 --> 00:30:20,120 Speaker 2: come and get try to get every penny they think 575 00:30:20,160 --> 00:30:23,320 Speaker 2: they're owed. I understand there's a bid in the ass 576 00:30:23,360 --> 00:30:26,360 Speaker 2: between what you think and what they think. That letter 577 00:30:26,440 --> 00:30:28,240 Speaker 2: that you have that you have in the middle drawer, 578 00:30:28,280 --> 00:30:30,760 Speaker 2: well guess what that's what they think and right now 579 00:30:30,840 --> 00:30:33,640 Speaker 2: and the ways cords are structured, what they think carries 580 00:30:33,680 --> 00:30:36,000 Speaker 2: a lot of weight. You need to go to Tax 581 00:30:36,120 --> 00:30:40,360 Speaker 2: Network usatn USA dot com, promo code Banning or call 582 00:30:40,440 --> 00:30:43,040 Speaker 2: eight hundred ninety five eight one thousand tell them. Steve 583 00:30:43,040 --> 00:30:47,720 Speaker 2: Bannon sent you get a free consultation. To day tomorrow 584 00:30:47,760 --> 00:30:49,800 Speaker 2: is the birth of the nation, is when we celebrate 585 00:30:49,880 --> 00:30:52,800 Speaker 2: liberty and freedom. Get your own liberty and freedom from worry. 586 00:30:53,560 --> 00:30:56,520 Speaker 2: Get somebody there that's actually sorted out over one billion 587 00:30:56,600 --> 00:30:59,240 Speaker 2: dollars of tax problems. They know who to talk to, 588 00:30:59,320 --> 00:31:01,040 Speaker 2: they know how to talk to, they know what deals 589 00:31:01,080 --> 00:31:03,800 Speaker 2: can be cut. So go talk to Text Network USA 590 00:31:03,880 --> 00:31:06,760 Speaker 2: today eight hundred ninety five, eight one thousand, because IRS 591 00:31:07,400 --> 00:31:09,239 Speaker 2: come and looking for their money, at least what they 592 00:31:09,280 --> 00:31:13,920 Speaker 2: think THEIRS is. So Steve Cortez yesterday, and I'm trying 593 00:31:13,920 --> 00:31:15,920 Speaker 2: to get Julie Kelly on here. We had Mike David Jesse, 594 00:31:16,440 --> 00:31:21,960 Speaker 2: a judge, and this, folks, the economics here in the 595 00:31:22,040 --> 00:31:26,200 Speaker 2: politics and the geopolitics are all inextricably linked. You know. 596 00:31:26,320 --> 00:31:28,200 Speaker 2: Jilly and Ted had the great piece of the Financial 597 00:31:28,200 --> 00:31:30,960 Speaker 2: Times we talked about a couple of weeks ago. She said, Hey, 598 00:31:31,040 --> 00:31:33,600 Speaker 2: nowadays it's almos. It's called geoeconomics. You got to look 599 00:31:33,600 --> 00:31:37,200 Speaker 2: at the geopolitics, the national security, the foreign policy. But 600 00:31:37,200 --> 00:31:39,959 Speaker 2: it's also tied with domestic policy, and is tied with 601 00:31:40,040 --> 00:31:43,800 Speaker 2: things like the big, big beautiful Bill, the judicial insurrection 602 00:31:44,720 --> 00:31:47,880 Speaker 2: to thwart President Trump's policy. Because remember one hundred and 603 00:31:47,920 --> 00:31:51,440 Speaker 2: seventy billion dollars, and I want this to burn into 604 00:31:51,480 --> 00:31:55,120 Speaker 2: your soul for the audience. One hundred and seventy billion 605 00:31:55,200 --> 00:31:59,160 Speaker 2: dollars in this program is essentially for ice, for securing 606 00:31:59,200 --> 00:32:03,520 Speaker 2: the border permanently, and also for the removal of ten 607 00:32:03,560 --> 00:32:06,560 Speaker 2: to twenty million illegal alien evaders. And this is just 608 00:32:06,560 --> 00:32:08,760 Speaker 2: a start that didn't This is not paying for all 609 00:32:08,760 --> 00:32:12,200 Speaker 2: of them. But that is what Biden and his regime 610 00:32:12,240 --> 00:32:14,040 Speaker 2: did the country and the reason they did the country. 611 00:32:14,080 --> 00:32:15,840 Speaker 2: You see in New York City, you see in la 612 00:32:15,920 --> 00:32:19,320 Speaker 2: you see in Chicago. That's the America they want. If 613 00:32:19,360 --> 00:32:22,480 Speaker 2: you want the America that has returned to her former greatness, 614 00:32:22,760 --> 00:32:25,840 Speaker 2: make America great again. This is going to be a fight. 615 00:32:26,720 --> 00:32:28,760 Speaker 2: They think, Oh, you got a great slogan. You got 616 00:32:28,800 --> 00:32:30,800 Speaker 2: to control the House and the Senate. Fine, do what 617 00:32:30,840 --> 00:32:32,840 Speaker 2: you want to do. This is a fight where we 618 00:32:32,920 --> 00:32:35,680 Speaker 2: had a massive win in the in the House's legislation 619 00:32:35,880 --> 00:32:40,239 Speaker 2: is massive, massive and covering so many different things. The 620 00:32:40,280 --> 00:32:43,480 Speaker 2: court yesterday, after the Supreme Court ruled at the first 621 00:32:43,720 --> 00:32:46,640 Speaker 2: chance a federal sitting judge in DC had a chance, 622 00:32:47,000 --> 00:32:50,840 Speaker 2: he designated all the amnesty breakers ten or twenty million 623 00:32:50,880 --> 00:32:53,640 Speaker 2: of them as a class, and he says, guess what, 624 00:32:54,160 --> 00:32:58,600 Speaker 2: screw Trump. They get to stay here until I the 625 00:32:58,720 --> 00:33:02,440 Speaker 2: judge say otherwise. Steve, this is this fight. We're fighting 626 00:33:02,480 --> 00:33:05,000 Speaker 2: on many fronts, but it's all for the same battle 627 00:33:05,040 --> 00:33:09,080 Speaker 2: to restore America to her vitality and to her promise, Sir. 628 00:33:09,640 --> 00:33:13,440 Speaker 8: Amen, Yes, to restore our prosperity, our sovereignty, and our 629 00:33:13,560 --> 00:33:15,840 Speaker 8: vitality as a nation. And by the way, to that 630 00:33:15,880 --> 00:33:18,120 Speaker 8: point you made too about President Trump whipping votes in 631 00:33:18,160 --> 00:33:21,240 Speaker 8: the middle of the night. What a wonderful contrast to 632 00:33:21,400 --> 00:33:23,760 Speaker 8: sleep eat Joe Biden. He was whipping votes in the 633 00:33:23,800 --> 00:33:26,400 Speaker 8: middle of the night, and he posted to this morning 634 00:33:26,480 --> 00:33:28,840 Speaker 8: that he is right as we speak on the phone 635 00:33:28,920 --> 00:33:31,960 Speaker 8: with Vladimir Putin trying to solve the crisis in Ukraine. 636 00:33:32,240 --> 00:33:35,160 Speaker 8: So that is the kind of workhorse that President Trump 637 00:33:35,360 --> 00:33:37,720 Speaker 8: is working on. Behalf of the American people not taking 638 00:33:37,720 --> 00:33:40,640 Speaker 8: holiday yet for July fourth, constantly working. And to your 639 00:33:40,640 --> 00:33:45,480 Speaker 8: point here about these judicial tyrants, right, these unelected desk 640 00:33:45,520 --> 00:33:48,240 Speaker 8: spots in black robes who think that they can thwart 641 00:33:48,280 --> 00:33:50,680 Speaker 8: the will of the American people who elected Donald Trump 642 00:33:50,800 --> 00:33:54,400 Speaker 8: by winning every single swing state plus the popular vote 643 00:33:54,480 --> 00:33:55,840 Speaker 8: by millions of votes. 644 00:33:56,120 --> 00:33:57,360 Speaker 3: They must be repelled. 645 00:33:57,360 --> 00:34:00,400 Speaker 8: The Supreme Court thankfully started that process, but we've got 646 00:34:00,440 --> 00:34:02,520 Speaker 8: to hasten that process. And you're exactly correct, not just 647 00:34:02,520 --> 00:34:05,840 Speaker 8: because it's illogical and there's no precedent for it in legality, 648 00:34:06,120 --> 00:34:10,000 Speaker 8: but because it's also a national security and economic imperative 649 00:34:10,320 --> 00:34:13,640 Speaker 8: to get control of the sovereignty of the United States 650 00:34:13,840 --> 00:34:16,880 Speaker 8: and to make sure that these illegal workers are expelled. Because, 651 00:34:16,920 --> 00:34:20,920 Speaker 8: as we're talking about AI, that huge positives and negatives. 652 00:34:20,960 --> 00:34:24,520 Speaker 8: The positive is the productivity gains can be magnificent, and 653 00:34:24,680 --> 00:34:27,040 Speaker 8: there's every reason that we believe that they will be 654 00:34:27,480 --> 00:34:31,319 Speaker 8: and that this bill's bet on growth will work at 655 00:34:31,440 --> 00:34:34,400 Speaker 8: least in part, maybe large part, because of AI. But 656 00:34:34,440 --> 00:34:36,520 Speaker 8: at the same time, we know already, at least in 657 00:34:36,560 --> 00:34:40,080 Speaker 8: the early stages, AI is very destructive to certain classes 658 00:34:40,120 --> 00:34:42,800 Speaker 8: of jobs, and because of that, it is more important 659 00:34:42,800 --> 00:34:45,320 Speaker 8: than ever that the labor market of the United States 660 00:34:45,640 --> 00:34:49,560 Speaker 8: is reserved for American citizens only. All of the illegals 661 00:34:49,560 --> 00:34:52,200 Speaker 8: have to go, and I would also argue further even 662 00:34:52,239 --> 00:34:55,560 Speaker 8: the legal foreign workers have to start to go, because 663 00:34:55,600 --> 00:34:57,759 Speaker 8: this job market must be reserved for the people of 664 00:34:57,800 --> 00:35:00,400 Speaker 8: this country who are going to be celebrating our birthday 665 00:35:00,400 --> 00:35:03,279 Speaker 8: tomorrow and get into our glorious, glorious two hundred and 666 00:35:03,320 --> 00:35:06,799 Speaker 8: fiftieth years. So there are real tangible reasons to be 667 00:35:06,840 --> 00:35:11,440 Speaker 8: incredibly optimistic. But to your point, Steve, also really significant 668 00:35:11,480 --> 00:35:14,000 Speaker 8: obstacles in front of us because the globalists and the 669 00:35:14,080 --> 00:35:15,360 Speaker 8: ruling class of this country. 670 00:35:15,480 --> 00:35:17,000 Speaker 3: We're not going to just hand us the keys of 671 00:35:17,040 --> 00:35:17,359 Speaker 3: the car. 672 00:35:17,480 --> 00:35:20,560 Speaker 8: We're not going to say, oh, congratulations, nice election last November. 673 00:35:20,600 --> 00:35:23,640 Speaker 8: Here you go have at it. That is clearly not happening. Remember, 674 00:35:23,719 --> 00:35:26,080 Speaker 8: they tried to put Donald Trump in prison. They're willing 675 00:35:26,120 --> 00:35:28,239 Speaker 8: to go to any means to try to keep their 676 00:35:28,280 --> 00:35:32,759 Speaker 8: stranglehold among the American people upon the American economy for 677 00:35:32,880 --> 00:35:36,120 Speaker 8: their self aggrandizement, to the detriment of the masses of 678 00:35:36,280 --> 00:35:37,040 Speaker 8: American peoples. 679 00:35:37,080 --> 00:35:38,560 Speaker 3: We have a very different vision. 680 00:35:38,520 --> 00:35:42,680 Speaker 8: And we have a clear policy pathway, a realistic, achievable 681 00:35:42,840 --> 00:35:46,960 Speaker 8: policy pathway to get there. Again, real wages are exploding 682 00:35:47,000 --> 00:35:49,920 Speaker 8: right now. That's magnificent news for this country. We can 683 00:35:49,960 --> 00:35:52,680 Speaker 8: continue that, and we can accelerate that, but we've got 684 00:35:52,680 --> 00:35:55,480 Speaker 8: to make the right policy choices, and immigration is an 685 00:35:55,520 --> 00:35:59,000 Speaker 8: absolute lynchpin of that policy agenda. 686 00:35:59,080 --> 00:36:03,680 Speaker 2: Steve, President Trump's on the phone with Putin this morning. 687 00:36:03,719 --> 00:36:05,759 Speaker 2: Why is he on the phone with Putin? He's trying 688 00:36:05,760 --> 00:36:07,640 Speaker 2: to end the kinetic part. And this is for all 689 00:36:07,640 --> 00:36:10,200 Speaker 2: the israel First and the Tel Aviv levinz In, that 690 00:36:10,360 --> 00:36:13,640 Speaker 2: entire crowd. The Third World War has started, started a 691 00:36:13,640 --> 00:36:15,680 Speaker 2: couple of years at the kinetic part of it. The 692 00:36:15,719 --> 00:36:18,480 Speaker 2: Third World War actually started before that, with the Chinese 693 00:36:18,520 --> 00:36:21,959 Speaker 2: Commties Party coming after starting in twenty nineteen whensident because 694 00:36:21,960 --> 00:36:25,319 Speaker 2: they understood the economy President Trump was building. They didn't 695 00:36:25,360 --> 00:36:27,200 Speaker 2: want They did the lightheiders a deal that we took 696 00:36:27,200 --> 00:36:29,200 Speaker 2: two years to negotiate. They ripped up in our face 697 00:36:29,239 --> 00:36:31,800 Speaker 2: and spit in our face and then declared an economic 698 00:36:31,880 --> 00:36:34,640 Speaker 2: war against us. The kinetic part has started. There are 699 00:36:34,640 --> 00:36:37,960 Speaker 2: two million casualties in Ukraine. There's a million dead and 700 00:36:38,000 --> 00:36:41,680 Speaker 2: wounded Russian soldiers and there's a million dead and wounded, 701 00:36:41,800 --> 00:36:45,200 Speaker 2: not just Ukrainian soldiers but a ton of civilians. Okay, 702 00:36:45,360 --> 00:36:48,440 Speaker 2: And the numbers you hear publicly are always suppressed, as 703 00:36:48,480 --> 00:36:51,960 Speaker 2: they were in any war. President Trump is trying to 704 00:36:51,960 --> 00:36:54,400 Speaker 2: stop that. The major front through and he understands that 705 00:36:55,200 --> 00:36:58,400 Speaker 2: of this war was the invasion of the United States 706 00:36:58,480 --> 00:37:01,680 Speaker 2: of America, and folks, if you think because of the 707 00:37:01,719 --> 00:37:04,399 Speaker 2: activity did in LA a couple of weeks ago, it's over. 708 00:37:04,800 --> 00:37:08,600 Speaker 2: You're so wrong, Chicago, have been to New York. You're 709 00:37:08,600 --> 00:37:12,560 Speaker 2: about to have a radical Jahadist, a radical Jahadist, and 710 00:37:12,600 --> 00:37:16,120 Speaker 2: a communist, not socialists, a radical. The Red Green Alliance 711 00:37:16,360 --> 00:37:19,000 Speaker 2: in all its glory is about to win in New 712 00:37:19,080 --> 00:37:22,920 Speaker 2: York City and take control politically with the DSA, the 713 00:37:22,920 --> 00:37:25,879 Speaker 2: Democratic Socialists of America and the Working Families Party which 714 00:37:25,920 --> 00:37:29,120 Speaker 2: controlled the ground game there. Those folks on the ground 715 00:37:29,120 --> 00:37:31,640 Speaker 2: game are every bit as good as the war Room 716 00:37:31,680 --> 00:37:35,120 Speaker 2: Posse in the precinct strategy and the breezing strategy. The 717 00:37:35,160 --> 00:37:36,640 Speaker 2: warre and Posse and other groups like that on the 718 00:37:36,640 --> 00:37:41,320 Speaker 2: ground game won the twenty twenty four election for President Trump. 719 00:37:41,640 --> 00:37:43,759 Speaker 2: It was that was President Trump's ground game, that was 720 00:37:43,800 --> 00:37:46,640 Speaker 2: his army. That's what he won with his most dedicated people. 721 00:37:46,680 --> 00:37:49,480 Speaker 2: Well they got him up there. This thing, the front 722 00:37:49,480 --> 00:37:52,759 Speaker 2: that we fight here, and it's against a radical judiciary 723 00:37:53,160 --> 00:37:56,760 Speaker 2: is this is not stopping. And it's who quits first 724 00:37:57,520 --> 00:37:59,200 Speaker 2: is going to lose. We're not going to quit. This 725 00:37:59,239 --> 00:38:01,239 Speaker 2: is going to be relentless. We go do through economic 726 00:38:01,320 --> 00:38:05,800 Speaker 2: policy political I actually think the courses report out today 727 00:38:06,280 --> 00:38:08,520 Speaker 2: how the Chinese Commists Party are doubling down on the 728 00:38:08,560 --> 00:38:12,120 Speaker 2: fentanyl and the chemical warfare, attack through the through the 729 00:38:13,160 --> 00:38:15,880 Speaker 2: you know, through the Mexican cartels that take fifty thousand 730 00:38:15,920 --> 00:38:19,040 Speaker 2: people a year. And look, it's terrible that the Persians 731 00:38:19,040 --> 00:38:21,680 Speaker 2: have killed one thousand Americans since I was there in 732 00:38:21,760 --> 00:38:25,240 Speaker 2: nineteen seventy nine off the shore on the failed hostage 733 00:38:25,239 --> 00:38:29,120 Speaker 2: rescue attempt and including the Marines and the barris and Lebanon, 734 00:38:29,160 --> 00:38:32,200 Speaker 2: which is terrible. But they're killing fifty thousand a year 735 00:38:32,320 --> 00:38:35,600 Speaker 2: of our folks today and it ain't abating. And so 736 00:38:35,760 --> 00:38:37,680 Speaker 2: if you're going to do an attack, if we want 737 00:38:37,680 --> 00:38:41,000 Speaker 2: to have a regime change, having a regime change in Mexico, 738 00:38:41,040 --> 00:38:44,600 Speaker 2: which is a narco state, start and starting with the cartels, 739 00:38:45,000 --> 00:38:48,040 Speaker 2: I'm all down. If you want to have a regime change, hey, 740 00:38:48,200 --> 00:38:49,920 Speaker 2: let's go south of the border and start with the 741 00:38:50,200 --> 00:38:53,799 Speaker 2: Mexican government. Won't clean it up. We clean it up, Cortes. 742 00:38:53,840 --> 00:38:57,600 Speaker 2: My point is this is a multi prong issue, and 743 00:38:57,640 --> 00:38:59,319 Speaker 2: it's got to be a time. We got a couple 744 00:38:59,360 --> 00:39:01,040 Speaker 2: of minutes thought you're. 745 00:39:00,920 --> 00:39:03,120 Speaker 8: Making such a great point here, and again this is 746 00:39:03,160 --> 00:39:06,120 Speaker 8: a seamless garment. Right, all of these issues are intertwined. 747 00:39:06,280 --> 00:39:09,560 Speaker 8: So President Trump working diligently to try to solve this 748 00:39:09,640 --> 00:39:11,680 Speaker 8: crisis in the Black Sea, which is not in the 749 00:39:11,760 --> 00:39:13,440 Speaker 8: vital US national security interest. 750 00:39:13,680 --> 00:39:15,879 Speaker 3: However, we spend hundreds of billions of dollars there. 751 00:39:15,920 --> 00:39:18,560 Speaker 8: So if Donald Trump can reach a solution there, and 752 00:39:18,560 --> 00:39:20,719 Speaker 8: we'll see if Zelensky and Putin are willing. So far 753 00:39:20,800 --> 00:39:23,239 Speaker 8: they don't seem like it, but if they are, that 754 00:39:23,280 --> 00:39:25,839 Speaker 8: will be so massive, not just because we've achieved peace there, 755 00:39:25,880 --> 00:39:27,960 Speaker 8: which is a great thing for both of those countries 756 00:39:28,000 --> 00:39:29,960 Speaker 8: and for humanity, but in terms of back to the 757 00:39:30,040 --> 00:39:33,080 Speaker 8: United States and back to our domestic situation and politics 758 00:39:33,080 --> 00:39:35,960 Speaker 8: and economics. It means that we then take those resources 759 00:39:36,000 --> 00:39:38,600 Speaker 8: and that attention and we focus it on the invasion 760 00:39:38,640 --> 00:39:41,600 Speaker 8: at our border, right, and we can become even more 761 00:39:41,640 --> 00:39:45,520 Speaker 8: secure and even more sovereign over our country, which means 762 00:39:45,560 --> 00:39:47,920 Speaker 8: in turn that if we're going to have this productivity 763 00:39:47,960 --> 00:39:51,040 Speaker 8: explosion which seems to be beckoning in this country, that 764 00:39:51,040 --> 00:39:54,000 Speaker 8: the benefits will flow to American citizens and not to 765 00:39:54,080 --> 00:39:57,120 Speaker 8: foreign illegals, and not even to foreign legal people who 766 00:39:57,120 --> 00:39:58,720 Speaker 8: are working in the United States. 767 00:39:58,719 --> 00:39:59,960 Speaker 3: But it is all linked. 768 00:40:00,120 --> 00:40:02,680 Speaker 8: So achieving piece, for example, in the Black Sea, has 769 00:40:02,719 --> 00:40:05,640 Speaker 8: such benefits on Main Street USA to a lot of 770 00:40:05,680 --> 00:40:07,919 Speaker 8: folks who may not pay any attention to what's going 771 00:40:07,960 --> 00:40:09,920 Speaker 8: on in other parts of the world, but they sure 772 00:40:10,000 --> 00:40:12,120 Speaker 8: know what's going on in their life. They know right 773 00:40:12,160 --> 00:40:14,680 Speaker 8: now that gas prices are the lowest they have been 774 00:40:14,800 --> 00:40:17,279 Speaker 8: in years. They know their wages are finally starting to 775 00:40:17,320 --> 00:40:19,719 Speaker 8: go up. But they also know that after the pain 776 00:40:19,800 --> 00:40:22,560 Speaker 8: of bidnomics, that they're in a corner economically and they 777 00:40:22,600 --> 00:40:24,960 Speaker 8: need help. Working class people, and we on the right 778 00:40:25,320 --> 00:40:28,680 Speaker 8: must speak to that, We must recognize it and then 779 00:40:28,760 --> 00:40:33,400 Speaker 8: bring about tangible policies which improve their lives. And the 780 00:40:33,440 --> 00:40:35,640 Speaker 8: best part by far, of this big bill, the best 781 00:40:35,640 --> 00:40:39,319 Speaker 8: part by a mile, is immigration enforcement and the fact 782 00:40:39,360 --> 00:40:41,880 Speaker 8: that ICE is now going to be better funded and 783 00:40:42,000 --> 00:40:44,960 Speaker 8: more powerful than some of the armies of Western Europe. 784 00:40:44,960 --> 00:40:48,080 Speaker 3: I mean, think about that, Steve. That is a significant 785 00:40:48,360 --> 00:40:49,200 Speaker 3: sea change. 786 00:40:49,280 --> 00:40:51,960 Speaker 8: It's what the people voted for last November, and they're 787 00:40:51,960 --> 00:40:52,640 Speaker 8: going to get it. 788 00:40:55,080 --> 00:41:05,840 Speaker 4: Steve Hanger, use your host, Steve ka, welcome back, Steve. 789 00:41:05,880 --> 00:41:08,200 Speaker 2: Can you give your I know you're making documentaries now 790 00:41:08,239 --> 00:41:11,160 Speaker 2: you've got a website to support American workers and social 791 00:41:11,200 --> 00:41:12,080 Speaker 2: media where to folks go? 792 00:41:12,880 --> 00:41:14,960 Speaker 3: You bat so on social please follow me on Twitter x. 793 00:41:15,040 --> 00:41:17,440 Speaker 8: I'm at Cortes Steve Cortes with an S at the 794 00:41:17,560 --> 00:41:20,440 Speaker 8: end for all of my content, including the documentaries, including 795 00:41:20,480 --> 00:41:23,000 Speaker 8: the wind Scam, which is my most seen documentary ever. 796 00:41:23,120 --> 00:41:26,520 Speaker 8: Thankfully this bill addresses Biden's wind scam. Go to Cortes 797 00:41:26,680 --> 00:41:28,200 Speaker 8: Investigates dot com. 798 00:41:28,239 --> 00:41:29,680 Speaker 3: Thank you so much, Steve. Happy for it. 799 00:41:32,080 --> 00:41:33,879 Speaker 2: Thank you, sir. I want to be sure everbody goes 800 00:41:33,920 --> 00:41:35,640 Speaker 2: to check out the wind scam. You see what President 801 00:41:35,640 --> 00:41:40,560 Speaker 2: Trump is trying to stop. The the the Green News 802 00:41:40,600 --> 00:41:45,440 Speaker 2: deal scam. Unbelievable. We heard yesterday you got Nick on 803 00:41:45,480 --> 00:41:50,759 Speaker 2: here Cola to talk about the Chinese government party that 804 00:41:50,760 --> 00:41:53,960 Speaker 2: how we're understill we're underrating part of the CCP, President 805 00:41:54,000 --> 00:41:57,000 Speaker 2: Trump this morning. So let's connect some dots. President Trump 806 00:41:57,080 --> 00:41:59,400 Speaker 2: this morning, after working at two thirty in the morning, 807 00:41:59,680 --> 00:42:03,120 Speaker 2: and here's cutting deals. I think you're going to see 808 00:42:03,160 --> 00:42:10,400 Speaker 2: a much more aggressive profile on recisions or pocket recisions. Remember, 809 00:42:10,400 --> 00:42:12,800 Speaker 2: I don't think we've still passed the recision. The nine billion, 810 00:42:12,880 --> 00:42:18,680 Speaker 2: nine point three billion dollars for Marjorie Taylor Green's PBS NPR. 811 00:42:18,880 --> 00:42:22,160 Speaker 2: Also another seven trillion dollars or seven point three trillion 812 00:42:22,200 --> 00:42:26,880 Speaker 2: dollars for other various programs that have been identified for 813 00:42:27,000 --> 00:42:31,640 Speaker 2: cutting for zeroing out USAID officially, I think got zeroed 814 00:42:31,640 --> 00:42:36,279 Speaker 2: out to the legal minimum. Lara Logan. Lara Logan's going 815 00:42:36,320 --> 00:42:38,760 Speaker 2: to be on in the next block, the next segment, 816 00:42:38,800 --> 00:42:41,319 Speaker 2: to talk about that, about what that was funding, how 817 00:42:41,320 --> 00:42:43,960 Speaker 2: insidious it was. Also E. G. Antoni's going to join 818 00:42:44,040 --> 00:42:46,239 Speaker 2: us in the second hour. We're going to go back 819 00:42:46,280 --> 00:42:49,160 Speaker 2: through this math because this is kind of the foundational 820 00:42:49,200 --> 00:42:52,239 Speaker 2: element this Labor report and how the economy is doing 821 00:42:52,320 --> 00:42:54,600 Speaker 2: right now with the kind of tweaks the President Trump 822 00:42:54,680 --> 00:42:57,400 Speaker 2: has made or tried to make the executive order in 823 00:42:57,520 --> 00:43:02,839 Speaker 2: executive action prior to the implementation and passage, implementation and 824 00:43:02,880 --> 00:43:06,080 Speaker 2: execution of the big beautiful bill, and all the different 825 00:43:06,160 --> 00:43:09,440 Speaker 2: aspects of it President Trump, we have right now, I 826 00:43:09,480 --> 00:43:11,560 Speaker 2: think this is all totally unofficial. I think as I 827 00:43:11,560 --> 00:43:14,920 Speaker 2: look to my crackstaff here, President Trump, I think the 828 00:43:14,920 --> 00:43:17,920 Speaker 2: way has is saying they may sign the bill of 829 00:43:18,000 --> 00:43:20,960 Speaker 2: five PM tomorrow. Of course, Real America's Voice to War Room, 830 00:43:21,760 --> 00:43:24,720 Speaker 2: we will be there when this historic piece of legislation 831 00:43:24,960 --> 00:43:28,200 Speaker 2: is signed by President Trump. This will be I think 832 00:43:28,239 --> 00:43:30,799 Speaker 2: it's safe to say, at least between now and the midterm. 833 00:43:31,480 --> 00:43:34,399 Speaker 2: His signature piece of legislation and maybe the signature piece 834 00:43:34,440 --> 00:43:37,920 Speaker 2: of legislation for his entire second term when he passed 835 00:43:37,920 --> 00:43:41,120 Speaker 2: the first tax a cut that people that the left 836 00:43:41,440 --> 00:43:45,120 Speaker 2: so criticized. We went on a tear of growth about 837 00:43:45,160 --> 00:43:47,919 Speaker 2: two point eight percent. That was the average over his time. 838 00:43:48,000 --> 00:43:52,320 Speaker 2: And that's why it started to peak in the U 839 00:43:52,840 --> 00:43:54,600 Speaker 2: I should say, not even peak, but go to a 840 00:43:54,719 --> 00:43:58,479 Speaker 2: next stage, really converging in twenty nineteen in the fourth 841 00:43:58,560 --> 00:44:01,680 Speaker 2: quarter where it hit three point four send growth with 842 00:44:02,440 --> 00:44:05,400 Speaker 2: low inflation, low interest rates. I mean, it was kind 843 00:44:05,440 --> 00:44:09,440 Speaker 2: of nirvana. It's what you very rarely get in an economy. 844 00:44:09,480 --> 00:44:12,120 Speaker 2: Plus wages increasing from blue collar people for high school 845 00:44:12,120 --> 00:44:15,440 Speaker 2: graduates versus college graduates, working class in middle class America. 846 00:44:16,239 --> 00:44:20,640 Speaker 2: And then the pandemic hit from Muhan. Those are not 847 00:44:20,760 --> 00:44:23,520 Speaker 2: random events. Believe me, that's not random events. And now 848 00:44:23,520 --> 00:44:25,480 Speaker 2: everybody's coming out. Oh, it came out of the Wolhana lab. 849 00:44:25,560 --> 00:44:27,600 Speaker 2: It was leaked out there. Things that the war room 850 00:44:27,719 --> 00:44:32,640 Speaker 2: said on I don't know the twentieth at January, the 851 00:44:32,680 --> 00:44:37,399 Speaker 2: twenty third of January of twenty twenty in the very 852 00:44:37,400 --> 00:44:39,359 Speaker 2: opening days when as you remember, for you a long 853 00:44:39,400 --> 00:44:43,719 Speaker 2: time viewers or listeners. We shifted worm impeachment. We took 854 00:44:43,760 --> 00:44:46,759 Speaker 2: an hour starting I think on the twentieth and did 855 00:44:46,840 --> 00:44:50,000 Speaker 2: and turn that over to Warrem pandemic eventually, I think 856 00:44:50,040 --> 00:44:52,200 Speaker 2: a week later, right if the impeachment was done, a 857 00:44:52,200 --> 00:44:53,960 Speaker 2: week or two later, ten days later, we turned the 858 00:44:54,080 --> 00:44:56,680 Speaker 2: entire show over to Warrem pandemic. And people were telling 859 00:44:56,680 --> 00:44:59,560 Speaker 2: me it's crazy. I said, no, we may find out 860 00:45:00,040 --> 00:45:02,640 Speaker 2: various things about what this flu is, but this is 861 00:45:02,680 --> 00:45:06,120 Speaker 2: going to have a massive global impact, which it has. 862 00:45:06,120 --> 00:45:08,000 Speaker 2: In fact, today we're still just coming out of the 863 00:45:08,040 --> 00:45:12,879 Speaker 2: economic the trains of dollars, the Keynesian stimulus, of which 864 00:45:12,960 --> 00:45:14,880 Speaker 2: the first one to President Trump was very smart. He 865 00:45:15,000 --> 00:45:17,240 Speaker 2: kind of bridged that gap. You remember we talked about 866 00:45:18,160 --> 00:45:21,800 Speaker 2: of the dropping aggregate demand. He bridged that gap so brilliantly. 867 00:45:22,400 --> 00:45:25,239 Speaker 2: It was the second one that Biden did that was unnecessary. 868 00:45:25,239 --> 00:45:26,880 Speaker 2: As we said at the time, it's going to cause 869 00:45:27,239 --> 00:45:30,080 Speaker 2: inflation people. The only other person I think saying that 870 00:45:30,120 --> 00:45:33,480 Speaker 2: was Larry Summers. We had Peter Navarro and others. We 871 00:45:33,480 --> 00:45:35,520 Speaker 2: would hammer it every day with russ vote. Remember in 872 00:45:35,840 --> 00:45:39,239 Speaker 2: twenty twenty one. Eventually Scott Best and hey, you know 873 00:45:39,280 --> 00:45:41,799 Speaker 2: it's going to cause it was Cortes and Navarro and 874 00:45:41,920 --> 00:45:45,319 Speaker 2: vote e J and TONI, others sitting there going, hey, 875 00:45:45,360 --> 00:45:48,320 Speaker 2: it's going to cause inflation. Oh no, mocked and ridiculed. 876 00:45:48,840 --> 00:45:50,239 Speaker 2: That turned out out to be the case, and that 877 00:45:50,320 --> 00:45:52,040 Speaker 2: was the pivot point, that was one of the major 878 00:45:52,120 --> 00:45:57,200 Speaker 2: elements of President Trump's win in twenty twenty four. The 879 00:45:57,280 --> 00:46:02,120 Speaker 2: deeper reality is that the countries at stay here more 880 00:46:02,160 --> 00:46:06,200 Speaker 2: than just culturally, more than economically, more than politically, more 881 00:46:06,239 --> 00:46:09,640 Speaker 2: than militarily, all of it, the whole thing, what we 882 00:46:09,719 --> 00:46:12,120 Speaker 2: call the United States of America are sovereignty. And you 883 00:46:12,160 --> 00:46:15,520 Speaker 2: see it. You see it every day. Remember talk about 884 00:46:15,520 --> 00:46:19,080 Speaker 2: the globalists and talk about the established order. President Trump 885 00:46:19,120 --> 00:46:23,040 Speaker 2: for all this work, everything he did, all the hammering, right, 886 00:46:23,160 --> 00:46:26,080 Speaker 2: all the hammering he did, and by the way, he 887 00:46:26,160 --> 00:46:28,319 Speaker 2: keep Jeffreys, I love it. He's still there and is 888 00:46:28,360 --> 00:46:30,880 Speaker 2: what fifth or sixth, fifth or six hour now, I 889 00:46:30,920 --> 00:46:34,680 Speaker 2: want to check this out, probably going to six So 890 00:46:34,719 --> 00:46:36,319 Speaker 2: he's going to stay there for a while, trying to 891 00:46:36,360 --> 00:46:38,440 Speaker 2: back this thing up all day and get their free platform. 892 00:46:39,120 --> 00:46:41,960 Speaker 2: I would cut into you to hear more of it, 893 00:46:42,000 --> 00:46:43,520 Speaker 2: but I know your head would blow up because just 894 00:46:43,600 --> 00:46:46,640 Speaker 2: more there. You get the point. After the first two 895 00:46:46,760 --> 00:46:48,600 Speaker 2: or three minutes and then they just reiterate it to 896 00:46:48,680 --> 00:46:53,040 Speaker 2: take up air. This is a fight. This is you know, 897 00:46:53,120 --> 00:46:55,520 Speaker 2: this is a fight for the to the knife. This 898 00:46:55,640 --> 00:46:57,640 Speaker 2: is for your country. And you can see it everywhere. 899 00:46:57,640 --> 00:46:59,560 Speaker 2: You can see it in these major sanctuary cities. You 900 00:46:59,560 --> 00:47:02,279 Speaker 2: can see it on what happened in the Senate with 901 00:47:02,440 --> 00:47:06,200 Speaker 2: all the President Trump's with the victory, with people backing maga, 902 00:47:06,239 --> 00:47:09,440 Speaker 2: with people saying they are a maga, with everything. We 903 00:47:09,520 --> 00:47:11,719 Speaker 2: didn't really pass it in the Senate. We had to 904 00:47:11,760 --> 00:47:14,840 Speaker 2: bring the vice president and technically get the fifty first vote. 905 00:47:15,400 --> 00:47:17,400 Speaker 2: That's how tough it is for President Trump with all 906 00:47:17,400 --> 00:47:19,560 Speaker 2: the deals he tried to cut there. Then in the 907 00:47:19,600 --> 00:47:22,759 Speaker 2: House last night, President Trump at two thirty in the 908 00:47:22,760 --> 00:47:27,279 Speaker 2: morning is still whipping votes, still whipping votes. And I 909 00:47:27,320 --> 00:47:30,600 Speaker 2: think some of the commitments have been made or smart commitments. Actually, 910 00:47:30,719 --> 00:47:33,480 Speaker 2: what I would say and have advised the president just 911 00:47:33,560 --> 00:47:37,280 Speaker 2: impound the money. They're gonna they're going to do the recisions. 912 00:47:37,280 --> 00:47:39,120 Speaker 2: They're gonna take you to court anyway, Let's just go 913 00:47:39,200 --> 00:47:40,880 Speaker 2: up to the top. You can do the recisions or 914 00:47:40,880 --> 00:47:44,640 Speaker 2: pocket recisions. I know Russ has a has an amazing 915 00:47:44,760 --> 00:47:47,520 Speaker 2: theory of that. I'm saying let's just cut to it. 916 00:47:47,640 --> 00:47:50,520 Speaker 2: You see, with President Trump on the Supreme Court backs 917 00:47:50,600 --> 00:47:54,520 Speaker 2: him on his second his Article two powers, and a 918 00:47:54,560 --> 00:47:58,480 Speaker 2: federal judge comes out immediately, immediately, immediately and challenges that 919 00:47:59,040 --> 00:48:03,000 Speaker 2: and gives the amnesty. The illegal alien vader is class status. 920 00:48:04,400 --> 00:48:06,360 Speaker 2: They're just in your grill, and they're going to be 921 00:48:06,400 --> 00:48:08,600 Speaker 2: in your grill. I've said this over and over again. 922 00:48:08,680 --> 00:48:11,840 Speaker 2: It's not gonna stop until we make it stop. It 923 00:48:11,880 --> 00:48:17,640 Speaker 2: will never stop. They're relentless. Why we're fighting for control 924 00:48:17,760 --> 00:48:20,279 Speaker 2: of the greatest country in the history of the world 925 00:48:20,320 --> 00:48:23,400 Speaker 2: and the history of mankind here, the United States of America. 926 00:48:23,560 --> 00:48:26,920 Speaker 2: You that have had such an amazing part of it 927 00:48:26,920 --> 00:48:30,000 Speaker 2: and changed the arc of history because of what, because 928 00:48:30,040 --> 00:48:33,520 Speaker 2: of your support for President Trump in the MAGA movement, 929 00:48:34,520 --> 00:48:37,239 Speaker 2: you've changed the arc of history. Is this the end 930 00:48:37,239 --> 00:48:41,719 Speaker 2: of history? Oh no, a contrare. You're not Francis Fukuyama. 931 00:48:41,760 --> 00:48:43,560 Speaker 2: You're more mature than that. You got more grit than that, 932 00:48:43,560 --> 00:48:45,239 Speaker 2: you got more common sense in that you have more 933 00:48:45,280 --> 00:48:49,839 Speaker 2: life experience. Your lived experience shows it ain't over until 934 00:48:49,880 --> 00:48:52,680 Speaker 2: it's over. Short break back in the warm, in a 935 00:48:52,719 --> 00:48:52,959 Speaker 2: moment