Episode 2217： What We Are To Expect With Populism Nationalism On The Ballot This November; Ronna McDaniel On Which States We Must Focus On To Protect The Vote
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Summary
Sen. Cory Booker (D-N.J.) and Rep. Tulsi Gabbard (D -D.J.C.) join CNN's Peter Bergen and Steve Cortez to discuss the latest in the immigration debate, the 10-year-old rape of a 10 year-old girl by an illegal immigrant, and why Democrats should leave the party.
Transcript
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have to have a conversation as a country about how we might not know the next morning what
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happened. We might not know the day after that. And that is their point. That is their point.
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They're not all running to win. Some of them will. Unfortunately, they are running to sow
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discord in America and it will change everything. We will wake up the morning after election day.
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We might not even call it that anymore in two years. We might not call it election day. We
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might call it election week because what we are watching and because it's so slow, it's so slow.
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We don't cover it as a five alarm fire, but it is. We are watching Republicans not just destroying
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democracy in the dark, breaking into election officers and plugging stuff in. We're watching
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them do it from rally stages, debate stages. That's where they're doing it. And I guess
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the reason I asked you if we'd been here before is do you think it requires, you know, a democracy
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commission? Should, should, should President Obama ask Chris Christie and Ben Ginsberg to sort of man
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a democracy hotline the way, you know, people used to man other crises? I mean, what should we do?
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I can no longer remain in today's Democratic Party that's under the complete control of an elitist
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cabal of warmongers who are driven by cowardly wokeness, who divide us by racializing every issue
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and stoking anti-white racism, who actively work to undermine our God-given freedoms that are
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enshrined in our constitution, who are hostile to people of faith and spirituality, who demonize the
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police but protect criminals at the expense of law-abiding Americans, who believe in open borders,
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who weaponize the national security state to go after their political opponents,
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and above all, who are dragging us ever closer to nuclear war. Now, I believe in a government
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that's of the people, by the people, and for the people. Unfortunately, today's Democratic Party
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does not. Instead, it stands for a government that is of, by, and for the powerful elite.
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Now, I'm calling on my fellow common-sense, independent-minded Democrats to join me in
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leaving the Democratic Party. If you can no longer stomach the direction that the so-called
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woke Democratic Party ideologues are taking our country, then I invite you to join me.
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Look, I've always believed in reasonable exceptions. This is a misrepresentation of my view, but let's
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hear it from me, not from Congressman Ryan. I absolutely think the 10-year-old girl, the case
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that we've, of course, heard a lot about, an incredibly tragic situation. I mean, look, I've
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got a 9-year-old baby girl at home. I cannot imagine what that's like for the girl, for her
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family. God forbid something like that would happen. I have said repeatedly on the record
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that I think that that girl should be able to get an abortion if she and her family so choose
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to do so. But let's talk about that case. Because why was a 10-year-old girl raped in
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our community, raped in our state in the first place? The thing the media and Congress and
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Ryan, they talk about this all the time, the thing they never mentioned is that poor girl
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was raped by an illegal alien, somebody that should have never been in this state in the
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first place. You voted so many times against border wall funding, so many times for amnesty,
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Tim. If you had done your job, she would have never been raped in the first place. Do your
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job on border security. Don't lecture me about opinions I don't actually have.
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Okay. It is Tuesday, 11 October in the year of our Lord, 2022. You're in the war room. And
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today we're four weeks away from tonight. It's game day. I want to bring in Steve Cortez. We
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got a pretty packed show today, as usual. We're juggling a lot of balls, but everything comes
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down to this election, the most important midterm election since 1862. Cortez, we got a lot
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of capital markets go through because this crisis is only building as we've been telling people and
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it's time to stop the happy talk about this. But I want to go to, you know, Nicole Wallace.
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You know, Nicole Wallace was a junior lead Goebbels to the war criminals in the Cheney Bush administration
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that lied about these wars and had a sprawl over the map, $9 trillion, debt everywhere.
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You know, you see her chirping away at, she wants Chris Christie and, you know, Ginsburg on a hotline
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with Obama. I don't even talk about what, it's such madness, right?
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Right. And then you got Tulsi. Tulsi makes it official today. All we need Tulsi to do is,
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is condemn Davos in the World Economic Forum. We'll be making some super progress. And, and then you've
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got at the end, and I think JD, and of course they're playing it up that, oh, you know, they
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had my back heels on, on abortion. I think JD was magnificent last night. And I think he took it to
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Tim, Tim Ryan looked like not one. He didn't want to be there, which none of them want to be on stage,
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but two, it was like he was not, I mean, it was like he was getting beat up so badly. He wanted
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to get into his corner and just get his cut man, Steve Cortez. Well, and here's why, because there
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are effectively two Tim Ryan, Steve, there's the Tim Ryan in Ohio where he pretends to be a
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pragmatic moderate. And then there's the real Tim Ryan when he's in Washington DC or when he's on the
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national scene and he's running for president and he's absolutely an establishment suck up. He is a
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toady of Joe Biden and Nancy Pelosi. I'll give you one specific example. Last night, he actually had
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the gall to say that he has always been in favor of natural gas. And of course the eastern part of
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his state is a natural gas powerhouse, but that's a lie. Just in 2020, not ancient history, just two
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years ago when he ran for president, he said that he was for a ban on fracking. I put the video of it
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up on my social media. So there are two Tim Ryans. Thankfully there are not two JD Vances. JD Vance
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brings so much authenticity. And I think that came out last night in the debate. He's one of these
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rare people, Steve, who can combine sort of blue collar grit. He is a fighter and a scrapper. And at
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the same time, he also has a highly intellectual grasp of the issues, of the policies. I think that
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really shined through last night for the voters of Ohio. They have a clear and stark choice to make
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between these two candidates. One is a patriotic populist fighter who will truly represent the state of
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Ohio. The other one is a lackey for the establishment and for Washington DC. He is a
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Washington sewer creature who pretends otherwise when he's in Ohio. But I think JD did a very good
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job of unveiling who Tim Ryan really is last night. You know, JD is a little bit like Oz in the fact
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that we need to have, once he closes all the MAGA vote, like Yonkin did in the Commonwealth of Virginia,
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once you close the MAGA vote, he's going to win by six, seven points. We have a chance to really
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have something special here in Ohio, but we have to have all our MAGA. Remember,
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it's four weeks from tonight. There is no substitute for victory. Okay. And you're coming
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from the guy that was the CEO of the 16 campaign. We had to pull a coalition together. If you liked
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Trump's win in 16, we can replicate that by bringing all the group, all the tribes together
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and keep our squabbling. And there's going to be a lot of squabbling and a lot of fighting
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and a lot of hot talking after we have the fruits of victory on the eighth. There is no substitute
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for victory. And right here's a perfect example. Tim Ryan represents, if you go and we analyze all
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these commercials, all the TV stuff that's going on in these individual states, they're virtually all
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running as either moderate Republicans or faux populist nationalists. It's amazing. The Democrats
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understand what sells, but your point is they're totally behold, they're one thing in, in, in this
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way, Tulsi's walking away. They're one thing in DC, which is progressive cobble, a cabal, uh, world
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economic forum, all of that with radical social policies. They're another thing when they're out
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in the field, they're either running and Tim Ryan's the ether of this. He is a working class populist as
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he's running this thing and his voting record and what he's supported and what he's worked for,
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uh, Cortez is one 80 out. Is that not correct, sir? Correct. So he's trying very clearly. And he
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tried this last night to run away from Joe Biden, but here's the problem. Even according to five 38,
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which is a left leaning data company, uh, not, not according to Steve Cortez or according to JD Vance,
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according to five 38, he has literally voted with Joe Biden 100% of the time on key issues. So he is an
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open borders and pro war globalist in Washington, DC. That is clear. Uh, no matter what he pretends
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to be when he's back in the Buckeye state, he's also a career politician. I thought JD did a great
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job of highlighting this contrast when he pointed out to the audience, he said 20 years ago, JD Vance
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volunteered to join the United States Marine Corps. And it really changed his life because he had a
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very tough childhood, which a lot of people know about because of his book and because of the movie
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Hillbilly Elegy, a very challenged childhood in a lot of ways, grew up with a lot of poverty and
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dysfunction in his home. The U S Marines largely turned his life around 20 years ago. He joined
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the U S Marines. In contrast, uh, Tim Ryan, 20 years ago, he became a political operative in
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Washington, DC, and he has never left. Literally, he has only worked in politics. Uh, and I think
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that's also very important. One of the things that gets me so excited about this crop of candidates
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that we have out there nationally, and there's others in addition to JD Vance, who are just as great
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as he is, is so many of them, Steve have accomplished great things outside of politics
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first. And they're coming to politics as a second or even third career. I'm talking about people like
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Blake Masters and Terry Lake, John Gibbs in Michigan, Joe Kent in Washington state. And then
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of course, JD Vance himself, this group of outsiders, many of them new to politics have never run for
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office before. All of them who have accomplished great things in business and military and media
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outside of politics. They bring the kind of fighting spirit that we need to attack insiders.
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And Tim Ryan is the consummate Washington insider. JD Vance also did a very good job just on the
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specific issues, right? Of, of confronting him. For example, uh, the comment, the shameful comment
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from Tim Ryan, where he said that we have to quote, ill and confront MAGA. Well, JD challenged him on
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that. You know, how dare you say that about voters? You know, it's one thing to say something
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about JD Vance. He's saying that about MAGA voters in the state of Ohio, the constituents that he
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claims he wants to represent. It's just as shameful as the red sermon from his ally, Joe Biden. And it
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was, it was very appropriate and important that JD highlighted that and challenged him on it. And
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also to your point, Steve, about coalescing the coalition of MAGA voters in Ohio, because JD needs
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every one of them. And I believe he's earned their support. You know, we had a really contentious
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primary, which is a good thing. It's a good thing for the movement, good thing for the country,
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but contentious primaries then make it a challenge to coalesce into the general election. But I think
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JD has done that incredibly effectively. And I think last night was a major step toward finalizing
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that process and indeed winning this race. We know that Ohio is a red state. Uh, president Trump
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won it by 8%, but we also know that nothing can be taken for granted because the stakes are simply
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too high. And JD Vance is somebody who is going to absolutely hustle through the finish line and earn
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the vote of every single Ohioan. Another thing, very powerful, like Carrie Lake,
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either they make in the ads, they make JD to be somebody threatening somebody, but he comes across
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last night. He comported himself as a real gentleman. I mean, he hit hard, but it was done
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in a very kind of restrained gentlemanly way. I think that goes a long way because it shows you
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all the lies of the Democrats ads. All the, all the ads are politics of personal destruction.
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Also, they picked the worst, uh, they picked the worst, uh, issue set ever. And you can see last
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night. So I think he field stripped him. It just couldn't be stronger. This shows you why they don't
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want to get on debate stages. They do not want to get on a debate stage with a MAGA Republican
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because they can't stand up. And people should understand this. You look throughout the country,
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they're all running as faux populists. All of them. This shows you the power of populism right now.
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They're all running as, I mean, Mark Kelly in Arizona is disgusting. You think he was,
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you think he was Trump's wingman, right? It's, it's, it, no, it's a joke. Let's go to
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capital. Steve, let me just say there, you know, imitation is the sincerest form of flattery,
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right? So it is a good thing that we are moving the political center. Uh, and, and none of them
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have changed their views. These kinds of people that we're talking about, right? Mark Kelly or Tim
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Ryan, but the fact that they believe they need to at least pretend to be populist, uh, is proof
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positive that we are winning, that we are winning the argument that we're winning the hearts and minds
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of the citizens of America. And that, that is a good thing that they're pretending to be who we
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actually are. I'm a hold the Jamie diamond. We're gonna have tier mine on here, the next block,
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talk about Brazil, but I want to hold the Jamie diamond credit crisis clip. Give me your assessment
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right now. Bank of England deep into another bailout, uh, today to prop up. I'm telling folks out there
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right now, if you have a 401k, it's a 201k, right? Right now you should be checking. We don't give
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financial advice here. We give macro, right? But everybody's got you like, you have to own your vote.
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You have to own your own economics and you should be talking to your financial advisor. There's
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something not right in the United kingdom with these pension funds. Uh, brother Cortez,
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Steve, it's alarming. Okay. I mean, and I'm not exaggerating. It is alarming that it was done the
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first time. It's even more alarming that the bank of England is doing it now a second time.
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What I mean by that is Steve, this is a time when central banks are supposed to be selling bonds,
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right? They are supposed to be unwinding the totally unnatural purchases of bonds. Instead,
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we see the bank of England completely reversing course and buying British gilts, which is the
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equivalent basically of the 10 year treasury here in the United States. Why are they doing it? Well,
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reportedly because British pension funds are in a ton of trouble. That's the reality. There was an
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article that came out over the weekend and I posted it to my social media in the Asia times about the
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risks to global asset managers, particularly insurance companies. And there was a quote in
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there that's very, very alarming. And it was from, they didn't name who it was, but they said the
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portfolio manager for a major European insurer. And this is what he said, quote, it's a global margin
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call. I hope we survive. It's a global margin call. I hope we survive. That is how dysfunctional
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markets are right now. Reflective of how dysfunctional the world economy in the audience,
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four weeks out from game day, write that quote down. Cause here's what you're going to find out.
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Just like the financial crisis of 2008, which came to everybody late. We've been saying this,
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these pension funds, they've been doing these leverage bets, not just to hedge. They've been
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doing leverage bets to juice their returns because of the negative, the zero interest rates,
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a global margin call right now. Okay. Here's what we're going to do. Take a short break.
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We're going to come back. We're going to hear Jamie Dimon of JP Morgan. Matthew Tierman is going to join
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us. Also, we're going to talk about Brazil as we do the, uh, four weeks from today, from today's game
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day next to the world. You know, it's never good when your nation's supposed authority on economic
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policy completely misses the flashing red lights of impending inflation. Now, Treasury Secretary
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Janet Yellen has finally admitted, quote, there's been an unanticipated and large shocks to the
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economy that have boosted energy and food prices and supply bottlenecks that affected our economy badly
00:15:22.860
that I didn't at the time fully understand. End quote. You know who understands the real threat of
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What are you seeing in terms of credit markets? And are you seeing any signs of distress that are
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particularly concerning? You see early signs of distress. So you saw it. I mean, this, again,
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is fairly typical. You know, markets go down for, you know, people forecast their economy, etc. The IPO
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market closes first. That's kind of happened. High yield closes second. And structured credit,
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that's kind of happened for the most part. You know, things can get done. And then it starts to
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affect other credit. You saw the gilt markets here. You see a lack of liquidity in a lot of
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markets. A lot of intermediaries can't intermediate like we used to because of regulations. It is going
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to happen. And I think the likely place you're going to see more of a crack and maybe a little
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bit more of a panic is in credit markets. And it might be ETFs. It might be a country. It might be
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something you don't suspect. If you make a list of all the prior crises sitting here, we would not have
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predicted where they came from. Though I think you can predict this time that it probably will happen.
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And so I'd be, if I was out there, I'd be very cautious. If you need money, go raise it.
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Okay. That's the chairman, CEO of the JP Morgan Bank. You should take that as a papal bull. Okay.
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Might be a country. If you need cash, get it. I'm going to, I brought Tierman in. We're going to talk
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Brazil in a second, but I got two issues with what happened there. Steve Cortez, I would like you to
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jump in here. Number one, in an hour interview, I think it was, why the reporter just didn't stay
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on that the rest of the time. CNBC has got to up their game. It's just not acceptable. You get a
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one-on-one with Jamie Dimon and he drops a bomb like that. All the other stuff they're talking about,
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the recession, come on. This is a bomb. Okay. Also, correct me if I'm wrong, Brother Cortez,
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because you brought this up immediately. Is Jamie Dimon basically blatantly asking for Powell,
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hey, bro, you got to stop the QT. We're going to need some juice and we're going to need a big league
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So yeah, let me add to the second part first. Yes, 100%. He is clearly begging Jerome Powell saying,
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we need help from the Fed. The only problem is if the Fed were to stop tightening, guess what?
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This already out-of-control inflation gets even worse, particularly for working-class Americans.
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Not that Jamie Dimon cares very much about the plight of working-class Americans. But yes,
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he is clearly begging for a pause from the Fed. But regarding the first part, CNBC used to be a
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great network. I worked there for many years. It's where I made my bones in television. And it used
00:18:51.900
to be a place that really informed the audience on capital markets, sort of pulled back the curtain
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of Wall Street and allowed regular investors to have a seat at the table when it comes to Wall
00:19:01.060
Street. Unfortunately, though, that network has been fully taken over by narrative. It is now fully
00:19:06.800
part, really, of the NBC family. And it prioritizes narrative over fact-finding, over journalism,
00:19:12.340
over truth-seeking. And regarding Jamie Dimon specifically, they just fawn over him. They
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treat him as if he's some sort of a god. Now, listen, he's a very powerful figure in American
00:19:20.760
finance. But clearly, follow-up questions were in order there. Now, look, I think Jamie Dimon,
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basically has the facts correct that global capital markets are right now in absolute turmoil. And to
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prove that point, if we can, let's pull up chart number one. I want to show Taiwan Semiconductor.
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This is a company that I've mentioned previously on the show because it's not just important for
00:19:40.900
the global economy, but also for national security issues as they relate to Taiwan. That is one year
00:19:45.700
back of Taiwan Semiconductor. It trades here in the United States. That's a U.S. version of TSM.
00:19:51.680
As you can see, and by the way, when I made this chart, the low yesterday was 6,701. It has now
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opened up. It is 6% lower on the day today. So we're all the way down to 64. From 145, roughly a
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year ago, at the beginning of this year, actually, all the way down to 64. It has been more than cut
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in half. Now, why is Taiwan Semiconductor so important? Well, because the country of Taiwan
00:20:14.000
dominates global chip production. And within Taiwan, TSM is by far the dominant player in that chip
00:20:20.540
production. So this is an incredibly important barometer of the global economy, including the
00:20:24.700
United States. Now, what we have right now, unfortunately, is synchronicity regarding the
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recession, something that we have not experienced yet. What I mean by that is, since China emerged as
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a global economic power 20 years ago, when the establishment of Washington, D.C. ushered them
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into the World Trade Organization on terms that were incredibly beneficial to the junta in Beijing,
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since that time, we have not had the U.S., Europe, and China, the three major economic centers of the
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world go into recession at the same time in synchronicity. That is happening right now.
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And anyone who tells us that they know what the fallout will be is, frankly, just guessing. But
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I think we can, with some assurance, say it's going to be very dire. And Taiwan Semiconductor
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certainly points to that. By the way, I don't want to excuse Joe Biden from this, though, because
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what the Democrats try to say is, oh, well, recession, inflation, these are global causes. They're sort of
00:21:13.360
out of the control of the United States. No. Joe Biden unleashed the inflationary mess that has
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spread throughout the world. And he also has been the primary driver of needlessly escalating what
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should be a very regional and immaterial struggle between Russia and Ukraine. He escalated it into a
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global crisis that has dire economic ramifications for the world. So on both of those fronts,
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Joe Biden caused this not just for the United States, but causes calamity for the world.
00:21:41.460
And also the radical transition, shutting down our full-spectrum energy dominance,
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the tripartite leg of the created crisis of Biden. Your point about Beijing, remember, in 2008,
00:21:54.300
those in the audience old enough to remember, it was Beijing's economy that actually kind of pulled
00:21:59.400
the world, besides all the flooding the zone with free money, Beijing's economy. Tierman,
00:22:06.740
people don't realize your day job is actually in finance. Your side hustle is politics.
00:22:11.460
Um, you've talked about this a lot. Do you hear the sounds, sir, of 2000? Is it sound like 2007 to
00:22:19.480
you, brother, Matthew Tierman? Oh, yeah. No, I'm, I'm getting signals that are, you know,
00:22:24.800
triggering deja vu. People forget that in the summer of 2007, you saw some chinks in the armor of that
00:22:33.260
full market. During the summer, the quant funds all blew up together at the same time, and the market
00:22:39.740
cracked. And then it came back and it made a new high. And that presaged the turmoil in 2008,
00:22:46.600
when the credit market started seizing up. Jamie Dimon's 100% right. You know, the credit markets
00:22:52.740
drive really the allocation of capital all over the globe, from big business to small business,
00:22:58.880
home ownership and mortgages. And when the credit markets start to break down, you see all sorts of
00:23:05.360
dislocations that then create more turmoil. And then it becomes almost like a self fulfilling
00:23:10.120
prophecy. James Carville said, what, 15 years ago, that when he gets reincarnated, he wants to come
00:23:16.120
back as the bond market, because they're the silent pillar. That's the most powerful institution
00:23:20.900
globally, is the allocation of capital to debt markets. You look at the insurance companies that
00:23:26.180
you guys were talking about the last segment, insurance companies have to play a very, very
00:23:29.620
tricky game. It's called the duration, sort of matching their durations, and all the money they
00:23:35.000
take in, and they then lend out, they have to time it right, with the the notional age of their debt
00:23:41.100
profile, where the anchor is of where most of their debt matures. And when the market sees up,
00:23:46.180
they cannot match their durations. And that starts to have ripple effects in the marketplace. That's just
00:23:50.900
one facet. I've seen agricultural and metals and commodities have these outsized moves and gets
00:23:56.920
dislocated one way or the other. That tells you that something's not healthy in the internals of
00:24:02.180
the market. Look, you talked about CNBC, we used to joke on the trading desk, and because it started
00:24:06.340
in 08-09, when they became real cheerleaders. We call them the constant noise and BS channel,
00:24:12.160
because it was all narrative. You bring in guys like Steve Leesman, and their economists and their big
00:24:16.360
auto guys. And all they do is cheerlead. And the reason they didn't delve deeper with Jamie
00:24:20.660
Diamond is, they don't want to spook the markets. Everybody wants to be long and strong together.
00:24:25.980
Hold it, hold it, hold it, hold it. Hang on, hang on, hang on. Hit rewind on that and go slow.
00:24:30.820
Why did she not ask the following question? Because Jamie Diamond said right there,
00:24:35.600
we are hurtling towards a credit crisis on a global basis, right? And by the way,
00:24:42.540
you don't know where it could be ETF. It might be a country, okay, a sovereign debt crisis. Tell the
00:24:48.900
audience why she did not ask a following question. They do not want to spook the markets any more
00:24:54.280
than they already are today. We made a new 52-week low in the large-scale indices like the S&P,
00:24:59.720
3573, last I looked. That is taking out the lows made last Friday, two Fridays ago. You know, one of the
00:25:05.920
first things you learn in technical trading is stocks and indexes on 52-week highs go higher,
00:25:10.680
and stocks and indexes on 52-week lows go lower. Trend is very important. We broke the bull market trend.
00:25:16.400
And I like to look at the old saying that you learn in med school and when you're doing
00:25:20.520
differential diagnosis, when you hear hoofbeats, think horses, not zebras. What changed in the last
00:25:26.760
year? The end of 13 years of zero interest rate policy. That has changed the entire scope of the
00:25:34.140
marketplace and how capital is allocated. That's why you see the UK buying guilds. That's why you see
00:25:38.620
the insurance companies. Hang on, hang on, hang on. Let me get Cortez in. Cortez,
00:25:42.920
he just hit it. We've had structurally zero interest, the whole world, we say the whole
00:25:48.720
world's financial structure, not the economic structure, the finance rolls into that and also
00:25:53.680
reflects it, is structured on zero interest rates, negative interest rates. That's the sound of the,
00:26:00.220
that's the, that's the, the bolt you hear blowing from the boiler. Is that correct?
00:26:05.500
Right, exactly correct. And we are paying the price now for the Fed not normalizing rates when it
00:26:11.000
should have, right? And Ben Bernanke, by the way, instead of being awarded a Nobel prize,
00:26:16.000
he should be living in eternal infamy for his failures while he was Fed chair. Unfortunately,
00:26:21.180
though, it's a succession of failure. And speaking of awful Fed chairs, the woman who is now the
00:26:25.900
secretary of the treasury, as, as much turmoil as there is in financial markets, let me tell you
00:26:30.280
what she said just yesterday in her speech as reported by Bloomberg. This is what Janet Yellen said,
00:26:35.700
still for now, the secretary of the treasury on her way out. But she said, quote,
00:26:38.920
quote, we continue to think that markets are functioning pretty well. We continue to think
00:26:44.600
that markets are functioning pretty well. That is what the secretary of the treasury of the
00:26:50.640
greatest economy in the history of the world is telling the American people right now. When I read
00:26:55.440
it, I almost said, this has to be Babylon B, right? This can't be a real quote. And I went and looked it
00:27:00.520
up and it's a real quote. It's actually what Janet Yellen said. So if you want another reason to be
00:27:05.320
worried, I know we're giving people a lot of reasons to be worried. If you want another reason to be
00:27:08.540
worried, be very concerned that the top financial officer of the United States is either totally
00:27:15.380
oblivious or, and this is probably more likely, she's just willing to lie through her teeth to
00:27:20.660
tell people what she thinks they want to hear rather than dealing with the actual economic reality on
00:27:25.060
the ground, which is in many ways, Steve, this is the worst economy, not just since 08, 09, not since
00:27:30.520
the 1970s. This is the worst economy since the Great Depression, because we have right now a
00:27:35.980
combination, an absolute vice that is pressing against the American people, particularly working
00:27:40.220
class people of crashing real wages, because we have a recession, which is intensifying, and we
00:27:46.680
have costs in their life, which are soaring. And that is in your balance. You've had nine tree,
00:27:52.120
you've had nine trillion dollars wiped out in the stock market is going to get worse in the next
00:27:55.280
couple of weeks. You've had trends in the bond market, right? And now you're now your real estate's
00:27:59.340
about to drop 20% at least. Okay, short break. We're going to talk about four weeks from today
00:28:05.600
is game day. We have a very special guest on next. Terman and Cortez are going to hang around. We've
00:28:10.960
got to talk about Brazil still and what's happening down there with the Bolsonaro's and Lula. All next
00:28:16.420
in the war room. Friends, if you've ever wanted to stock up on emergency food and save a ton of money
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War Room Pandemic with Stephen K. Bannon. The epidemic is a demon, and we cannot let this demon
00:29:38.340
hide. War Room Pandemic. Here's your host, Stephen K. Bannon.
00:29:43.680
Okay, welcome back. By the way, we're going to get back to this credit crisis that Jamie
00:29:49.280
Diamond's talking about, the impact on your life, your country's life, and quite frankly,
00:29:53.140
it's the tone, it's the subterranean tonality of this entire election, this economic, not just
00:30:00.280
inflation, not just stagflation anymore, but something far, far, far deeper. We're going
00:30:04.340
to get back into that. Also, we're going to tie in Brazil, what's happening there. Remember,
00:30:08.680
there is no substitute for victory. There is no substitute for victory. Now's the time
00:30:13.380
to come together. This is why we talk about Dr. Oz and J.D. Vance's, J.D.'s great performance
00:30:19.000
last night. All the MAGA voters, right, all the Mandel voters, all the Kathy Barnett voters,
00:30:24.500
everybody got to come together in the Commonwealth of Pennsylvania and Ohio. We can have sweeping
00:30:28.520
victories in those Senate seats. I want to bring in Ronna McDaniel now, head of the RNC. Ronna,
00:30:35.220
you've been on this since the 20th of January in the year of our Lord, 2021. We're four weeks
00:30:41.960
away from game day. Just give us, in your perspective, where do we stand on the battlefield
00:30:46.440
right now for this midterm election? Well, thanks, Steve. Thanks for having me. I think
00:30:51.140
the most important thing the RNC did immediately after 2021 is our election integrity efforts,
00:30:56.580
but then we started voter reg efforts. So in Florida, we're up 400,000. In Pennsylvania,
00:31:01.180
we're up 144,000. In North Carolina, we're up 180,000. The list goes on and on. We're up in Nevada.
00:31:07.280
These are key, key numbers because it means we're going to have more voters. Okay. Slow on it for
00:31:12.860
a second. So number one was that, hey, we got to go out. There's obviously Trump voters out there.
00:31:17.280
There's all these people out there, independents, disaffected Democrats that are not registered.
00:31:20.880
So your first thing was to go to these key states and let's get people registered. Can you just go
00:31:25.560
back? Give us some of those numbers because I want to talk scale here for a second. Just hit those
00:31:30.000
numbers for us again. Florida, for example, when I took over as chair in 2016,
00:31:34.280
we had a deficit of about 350,000 more Democrats registered in Florida than Republicans. We are
00:31:40.860
now up over 400,000 in Florida. Pennsylvania, just since 2020, we're up 144,000 more Republicans that
00:31:51.940
have registered in Pennsylvania. In North Carolina, we're up 118,000. These are key, key numbers. So
00:31:59.740
it costs a lot of money to register voters. I'm consuming. It's recognizing people who are moving
00:32:05.040
into the state. Where are your voters data to do this? And this is what we quickly shifted our
00:32:10.200
investment to heading into 2020. Talk about the other two aspects of this are obviously election
00:32:17.820
integrity and training people up to be poll workers, not just poll watchers, but poll workers,
00:32:23.360
election officials. We saw this come to fruition in the Youngkin victory in the Commonwealth. I think
00:32:27.880
we had 95% participation and the other is to get out the vote. So you got voter registration is one
00:32:33.520
leg of the stool. The second is the training and all the aspects of voter integrity. And the third
00:32:39.320
is to get out the vote. Walk us through on voter integrity, the scale of the training, who's trained
00:32:44.480
up and how are they going to be deployed? I think the first thing to recognize is this is the first
00:32:49.340
time the RNC can do this. We were under a consent decree for 40 years, not allowed to do poll watching
00:32:54.120
or election integrity, anything, not even for the 2020 cycle. This is the first cycle we're able to
00:32:59.440
do this. So one, we've put 17 different election integrity directors, 17 battleground states. We have
00:33:07.280
lawyers in all of those states that have been recruiting for the past years, training lawyers
00:33:11.500
that will be precincts and also be in the war rooms at the state level. And then we'll have a war room
00:33:18.220
in Washington City and then training poll watchers. So we have about 30,000 poll watchers already
00:33:23.880
trained. We're going to ramp that up. That'll be more by elective day. And then also 30,000 poll
00:33:29.320
workers, which I think is even if not as important, but maybe more important. These are people who will
00:33:35.560
actually be working the polls in Fulton County, in Wayne County, in Milwaukee, in Philly. These are going
00:33:42.840
to be the people that we have admitted that are going to actually be counting about. So I just want
00:33:48.960
to make sure because we've had clean it. We got all these outside groups yesterday. We try to have a
00:33:52.300
couple of day and they're doing their thing. But in addition, the main battery, the RNC, you have
00:33:57.240
trained up 30,000 poll watchers. In addition, 30,000 poll workers, the poll workers being the folks
00:34:03.600
that'll be inside the room validating the signatures and all that sort of stuff. So essentially 60,000
00:34:10.180
volunteers throughout the country. Correct. Correct. And then we're in lawsuits right now
00:34:16.220
on the poll worker side of it. So we're in 70 lawsuits. One, I'll give you an example. We're
00:34:20.800
in Maricopa County right now. Arizona law requires that county has an equal number of Democrat,
00:34:26.780
Republican poll workers. Maricopa will not give their details. They're not being forthcoming.
00:34:31.660
So we sued them. They're also creating obstacles to prevent poll workers from being able to work.
00:34:37.580
They're saying you've got to work 21 days, which is ridiculous for nine hours a day. Anybody who has
00:34:42.120
a job can't give up 21 days. So they're putting these artificial barriers in place. So we've sued
00:34:48.200
Maricopa County. We just Clark County. So we're not on top of just the recruitment. We're also holding
00:34:53.720
these problem counties accountable. And we just won in Clark.
00:34:56.960
Right now, as you see it for game day and early voting starts right away, do you is you're on a
00:35:04.440
one to 10 scale about if if we and we have to deliver people to come out to vote, we understand
00:35:10.160
that people have to turn out right and you have to own your vote, you have to assist your family and
00:35:15.000
colleagues and owning theirs. As you see it right now from on a one to 10, where would you put us as
00:35:19.880
far as your comfort level, given the work you guys have done over the last two years on the voter
00:35:25.260
integrity issue? Oh, I'd say state by state. It's different. Wisconsin, a 10. Florida, a 10. Texas,
00:35:31.940
10. Georgia, I'd say the efforts been a 10. We need people in DeKalb County. Those are going to be
00:35:38.740
issues. People to volunteer to be poll watchers in Georgia and DeKalb. It's a very deep blue Atlanta
00:35:44.340
County. But Nevada, because the laws in the state suck. And I'm part of my but that is a state where
00:35:53.840
they send live ballots. The state's been terrible. The governor's been terrible. The legislature's
00:35:58.620
terrible, which is all the more reason why we have to win. California is still going to have
00:36:02.500
ballot carbon. So state by state, we've had big wins, but there are going to be tough states where
00:36:07.900
I think our candidates are going to have to win by a larger margin because of Democrat policies that
00:36:13.720
degrade. And if you say if you would pick out right now states you're concerned about, because
00:36:19.580
we're going to get to the call for for action and volunteers here, you're I think you're saying
00:36:24.700
Arizona is an issue. Nevada is an issue. California is an issue. Would you throw Michigan in there?
00:36:31.000
Pennsylvania? What are when you what keeps you up at night in this regard of the selection integrity
00:36:36.680
issue? So Michigan actually, TCF, Wayne County has taken 11,000 of our poll workers. They can't
00:36:43.800
build the shifts. So they actually do us. They've taken our people. So that's good. Wisconsin, we have
00:36:48.540
5,000 poll workers. This is something that we had to elect in 2021. December of 2021, these were people
00:36:58.300
who were on the ballot to be elected. The places I have concerns, Georgia, we need more poll watchers
00:37:04.780
in DeKalb County, Arizona. It's not the personnel issue. It's more the lawsuits that we're in.
00:37:11.180
Nevada, we just need coverage. I feel really good. We've over 90% coverage on early vote and election
00:37:17.400
day. We just need more volunteers. Always use more volunteers. In California, ballot harvesting is
00:37:23.080
real. We have to do it too. You need to make out the vote. What I would say to everybody listening,
00:37:28.840
make sure you vote early in person and then go volunteer to do a shift as a poll watcher.
00:37:34.200
And then make sure you're taking out your neighbor and your system of voters.
00:37:38.440
Have to make sure that everybody's going to vote.
00:37:41.660
There's two theories out there. One is you've got to hold your vote and show up on game day,
00:37:45.900
and that's what we've been doing. The other is we've got to inventory these or build up the base.
00:37:49.800
Where do you come down on the fact of get out there and vote? Do you see any logic in the folks
00:37:55.960
who are saying, like the Cary Lake situation in Arizona, hold your vote because then they can't
00:38:00.440
see what the total number of votes are so they can't game the system? Do you have any thoughts
00:38:06.420
I think people, I like voting earlier because then we know our in-the-bank voters and we know
00:38:12.600
who requested an absentee ballot to send them in. If you're uncomfortable, I would say go early
00:38:17.360
vote in person. I just did this. I went to my county clerk. I physically saw them. They checked my ID
00:38:23.640
and then I filled up my ballot and handed it directly to my clerk so I know it's done.
00:38:28.380
That's what I would say people should do. Do early vote in person. That's going to be open
00:38:32.820
in almost every state next week. And then go sign up for a shift to be a poll watcher.
00:38:38.980
A lot of these states, Steve, it's a full-day exercise. In Ohio, when you sign up to be a poll
00:38:43.600
watcher, you have to be there all day. Some states do shift, so it's past the day. So we really do need
00:38:49.420
people to go vote early in person. Then we know our in-the-bank voters. And then on elective day,
00:38:55.140
we can seek out those voters that we know we need to get our number.
00:38:59.920
Let's talk about the get out the vote efforts and the efforts you guys are doing in the run-up.
00:39:04.480
Early voting starts, but at game day and obviously MAGA has traditionally represented big on game
00:39:09.860
day. What is the get out the vote efforts? And then I want a call to action here. Where are people
00:39:14.800
supposed to go? Because this audience wants to help and wants to assist. What should they do?
00:39:19.840
Sure. So, you know, the RNC's built the largest ground game. We have a thousand staff. I'm sure
00:39:25.280
you're aware we've been reaching out to anti-Asian black voters at the highest level ever. We have
00:39:30.360
39 of the centers. We've made 70 million voter contacts. I mean, this is the largest ground game
00:39:37.600
we've ever put in place. But if you want to get involved as a poll watcher or to go find your voting
00:39:43.000
location, go to protectthevote.com to sign up to be a volunteer and poll watcher contact you.
00:39:49.420
And then if you want to know where you vote, when you're voting starting, go to vote.gov
00:39:53.180
and you'll get all your information for what is required in your state.
00:40:00.320
Given all the, you know, the issue set and people don't realize what goes into this. The issue
00:40:04.360
set's right. The messaging's been right. The selection of candidates and everybody's not
00:40:07.700
totally happy with the candidates. We, there's a lot of MAGA folks that we would have loved
00:40:11.500
to have won that didn't. There's some established people that won, but it's, we're beyond that
00:40:15.660
now. Given the team we've got, given the issues we've got, given all the efforts to get, we've
00:40:21.460
gotten, it's obvious. And you can see this, the inflection point, Ron, as you know, and
00:40:26.300
you and I talked a lot about that in 16 and 20, when the other side understands it's over
00:40:32.200
and they're starting to throw guys under the bus, they're starting to, candidates, but on
00:40:36.740
media, it's getting more and more frantic. It's getting more and more, you know, I think
00:40:41.840
dangerous rhetoric pointed at Republicans and MAGA. What would be your recommendation?
00:40:46.360
How do we tone down that rhetoric on the left who obviously when they see the House and the
00:40:51.400
Senate, state legislature, school boards slipping away from their graphs are only going to get
00:40:57.760
Well, I think it's what you and I believe in, which is grassroots, neighbor to neighbor.
00:41:01.980
The best way to change a vote, the best way to calm somebody down is to have a conversation.
00:41:05.820
And I say to people, isn't it time to be shy or to be uncomfortable talking about politics.
00:41:10.640
When you talk about these school board races, your kids being shut out of school and you're
00:41:14.840
pissed off, you've got to talk to people about it. You talk about gas prices, you talk about
00:41:18.740
inflation. And then when Democrats are trying to accuse Republicans of intimidation or scare
00:41:24.140
tactics when it comes to protecting the election, you need to simply say, all we're asking is to
00:41:29.280
observe. And if there's nothing to hide, why do they worry about us? And these are simple
00:41:34.180
conversations. It's a lot of common sense, but we have to be out talking. We cannot just expect
00:41:40.240
other people to do this for us. We can't say, oh, the party has this or my candidate has
00:41:45.160
this. Every single one of us role in making sure we win in this.
00:41:51.060
Ronna, what is your social media? And then one more time, how do they get to the, to the
00:41:54.780
site? We want everybody to go to it right now, but what's your social media so people can
00:41:58.520
So it's at GOP chairwoman on Twitter. Um, and I'm on Facebook. And then go to protectthevote.com
00:42:06.300
and vote.gov. Everybody get out. You know, I, I got my daughter, her absentee ballot, Utah.
00:42:12.320
I made sure she stayed a Michigan voter. Um, everybody needs to make sure that we're doing
00:42:16.660
everything. And, and like you said, Steve, even if you don't like the candidate, anything's
00:42:21.980
better than what Nancy Pelosi and Joe Biden are doing to our, I know it's it. Look at
00:42:27.760
Fetterman. It is, you know, I know that a lot of audiences, not Haas is, Haas is not
00:42:31.720
your guy. It's not the point right now. We'll argue about that afterwards. Ronna, thanks
00:42:35.500
for taking the time and thanks for all the effort. Voter registration training for election
00:42:40.020
integrity, poll workers, election officials, poll watchers, and of course, the get out the
00:42:44.060
vote massive, get out the vote. Thank you very much. Look forward to having you back on.
00:42:48.600
It's four weeks from today. And this is the most important midterm election since 1862.
00:42:57.360
You can be part of history here. We have the opportunity, the unique opportunity to put
00:43:02.400
a crushing death blow at the ballot box on the democratic party as a national political
00:43:08.180
institution from school boards, the state legislatures, we could flip Nevada's legislature,
00:43:13.280
New Mexico's Minnesota's. It's all there from your County commissioner up to the house
00:43:17.920
in the Senate. There is no substitute for victory. None. Okay. None. You are what your record says
00:43:26.400
you are. We must win. Tierman Cortez next. If you want to know what the left's real plan
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today and a difference tomorrow. That's PatriotMobile.com slash Bannon. PatriotMobile.com
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Getter has arrived. The new social media taking on big tech, protecting free speech,
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By the way, we've got two of Getter's biggest stars, Tierman and Cortez on with me. By the way,
00:45:29.700
I just want to remind everybody, there is no substitute for victory. Did you like Trump's
00:45:34.240
presidency or did you like Trump winning in 16? Did you like that? Did you like that? Everybody in
00:45:39.760
the chat blowing me up. Did you like that? Did you like that? You know how we did that? What I did
00:45:45.260
the first call I made when I took over the campaign was to Reince Priebus, right? We had to bring because
00:45:50.380
Trump was not performing among traditional Republican voters. We had to solve that. You win in a
00:45:56.100
coalition. I know you don't like hearing that, but you win in a coalition. We can do all this fighting
00:46:00.440
on the evening of November 8th. Let me repeat this. There is no substitute for victory. If we
00:46:07.320
want to stop this madness, we have to stop it on 8th November. We don't stop on 8th November, folks.
00:46:14.180
I don't know where we go. I really don't. I don't know how you do this. You must win. You must win.
00:46:20.180
So no whining. I don't mind bitching and moaning. Remember the Royal Navy, sullen, not mutineous. As long
00:46:26.340
as you're not mutineous and just sullen, we can live with that. OK, but there's no substitute for
00:46:31.680
victory. Talking about victory. Let's go to Brazil. I want to I want to play something real quick. I
00:46:36.700
got to hear my only for a few minutes. Play this clip from Bernie Sanders on Pod Save the World.
00:46:41.480
You know, the U.S. tends to look at leftists with some degree of concern, you know, in Latin America.
00:46:47.360
Do you see an opportunity here with potentially Lula on top of Boric and Petro and a bunch of other
00:46:52.600
leaders to have a new set of issues? I would hope so. And by the way, in fairness to the Biden
00:47:00.000
administration, before we talk about their relationships with progressive governments,
00:47:05.660
they have, and I think in an unusual way, you know, sent the CIA and set the Secretary of Defense
00:47:13.860
down to Brazil. Yeah. Over the last several months to make it clear that they did not want to see
00:47:22.380
a rigged election or a coup. And that's what the Biden people did. Hold it. Hang on. A tier man is
00:47:29.640
is James Jesus Angleton, one of my heroes. Is he still running the CIA? I thought the CIA denied that
00:47:36.140
it was it was never reported. It was just briefly mentioned, I think, back in May or June.
00:47:39.940
But Bernie Sanders is sitting there. The CIA, what is the CIA doing in Brazil to say they want a fair
00:47:46.720
election? What business is it of the CIA, sir? Well, when your idol was running the CIA and really
00:47:52.960
built out the CIA, you know, coming out of the OSS and coming out of the post-war era and Eisenhower,
00:47:58.500
you know, they moved surreptitiously in trying to buffer America's interests and positions.
00:48:04.300
Now they moved surreptitiously to buffer the leftist internal partisan hackery's interests.
00:48:11.100
And they sent him down. This was reported very blurby, just very in passing in May of this year,
00:48:15.920
in reference to Burns going down. And there's a former State Department hack. There's a former
00:48:20.200
ambassador. And he went down July of last year to meet with Bolsonaro people in the government and
00:48:27.500
basically threatened flex. You know, it's a new new sheriff in town. This is not Trump.
00:48:31.500
This is us. You know, we're globally aligned with the left. We don't want to see you
00:48:35.400
undermining the faith and the election integrity of Brazilians' electoral system.
00:48:40.560
The irony is that they already have their fellow travelers in the Supreme Court under Moraes,
00:48:44.980
the Supreme Court, the SPF, who we've talked about in depth, imprisons anyone who criticizes their
00:48:49.500
anti-democratic Stasi tactics. That court oversees the STE, the Supreme Electoral Tribunal,
00:48:56.540
which is the one that oversees the elections. So they already have their fellow travelers in place.
00:49:01.000
This was a straight muscle flex. Burns now denies that he went down there.
00:49:05.600
But it's very telling that Bernie and, you know, senators on the inside were aware of this. And
00:49:10.860
actually, Republicans did nothing, which is kind of, you know, telling and sad in and of itself.
00:49:15.560
I mean, I agree with what you say. There are no purity tests. We have to come together and win.
00:49:20.040
But, you know, we don't have our best in the U.S. Senate. We got a few good guys, but most of them are
00:49:24.460
asleep at the wheel and not performing. They should be bringing this up and saying,
00:49:28.600
hey, remember Latin America, 1970s, that we, you know, many volumes have been written about
00:49:34.120
But Tierman, Tierman, I know, I know you got to go. I know you got to, I know you got to leave us
00:49:38.180
for a bigger, better interview. That's Tierman's middle initials, BBD, bigger, better deal.
00:49:46.240
We know there's already election issues down there, not just with the Supreme Court. Look at
00:49:51.480
the phony polling. And look, President Trump's tweet, yes, that helped. But there's something
00:49:57.840
wrong with being, what, 16, 18 points down and then Bolsonaro almost winning. The election has
00:50:03.960
major issues. Eduardo's told us that. Bolsonaro's told us that. You got the Supreme Court. Lula is a
00:50:09.820
transnational criminal in association with the CCP that looks at Brazil as the number one objective
00:50:15.560
they can get for right now. Give me two minutes on that, about the problem with the election and
00:50:19.760
the CIA sticking their nose in it on Lula's side, as Pod Save the World just said, with Bernie Sanders.
00:50:25.640
Yeah, they see no sense of irony, no sense of self-awareness when they say, oh, we set the CIA down
00:50:31.500
to, you know, flex on Bolsonaro. Meanwhile, they already have it, you know, with the overseers,
00:50:36.660
their fellow travelers. Look at the polling on September 28th. It showed, in all the aggregated polls,
00:50:41.940
57-43 for Lula, and they missed the mark by, you know, 15 points. On the 6th, it was 53-47. It tightened.
00:50:50.060
There was a poll yesterday that showed it's 50-50. It's heads up. It's neck and neck. It's tightening
00:50:55.180
in a big way. But this is what I've said from the beginning. What we have to worry about is the same
00:50:59.820
thing we have to worry about in 2020, and we have to worry about now in places like Ronald McDaniels
00:51:03.740
talking about in greater metro Atlanta. We need to win by such a margin they cannot stop the ballot.
00:51:08.560
I call it the SPLC Sur, South. Agencia Publica did a big hit piece on you and me and Beatty and our
00:51:16.800
coverage of Brazil. Bannon and Trump allies go to war against the election integrity. And then they
00:51:21.400
mention Alan dos Santos, who is an exiled journalist because they tried to arrest him and he fled here
00:51:26.380
to the U.S. And they're saying he is, you know, wanted for anti-democratic activities. As I tweeted at
00:51:32.360
this hack journalist who might as well be from the SPLC South America office, why don't you describe
00:51:38.040
those anti-democratic activities as opposed to this sort of nebulous, you know, negative,
00:51:43.500
pernicious verbiage just to try and create an optic. But if the guy was being a journalist and he had
00:51:50.420
to flee and the Supreme Court put out an Interpol red notice on him. I mean, this is what we're
00:51:54.940
dealing with. They imprisoned journalists. They imprisoned Bolsonaro's Congressman Daniel
00:51:58.880
Silvera twice. I mean, they are an absolute Stasi out of control. Even the New York Times and Jack
00:52:05.040
Nikas did a piece saying, you know, the Brazilian Supreme Court may be going too far. When you've
00:52:09.220
lost the New York Times, you should be rethinking and reevaluating.
00:52:13.400
Give us your social media so we can follow you, sir.
00:52:16.560
Matthew Tiamond, M-A-T-T-H-E-W-T-Y-R-M-A-N-D, at Getter, at Twitter. My Twitter's censoring
00:52:22.120
my posts on Brazil because the Supreme Court's reached out to them. They're putting labels.
00:52:25.640
You can't engage with them. So Getter's where it's at.
00:52:28.900
Matthew Tiamond, thank you. Now you can go for your Daily Telegraph
00:52:37.840
Cortez, Dave Walsh, Libby Emmons from Postmillennial. All next in the War Room.
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