Bannon's War Room - Episode 2258： We Are Witnessing The Last Gasp Of The Consumer; Biden;s Inflation Is Crushing Entrepreneurs

00:00:00.000 Now killed more than 100 people in China, and new cases have been confirmed around the world.

00:00:04.880 You don't want to frighten the American public.

00:00:07.160 France and South Korea have also got evacuation plans.

00:00:09.920 But you need to prepare for and assume.

00:00:12.960 Probably warning Americans to avoid all non-essential travel to China.

00:00:17.220 That this is going to be a real serious problem.

00:00:19.220 France, Australia, Canada, the US, Singapore, Cambodia, Vietnam, the list goes on.

00:00:23.680 Health officials are investigating more than 100 possible cases in the US.

00:00:27.660 Germany, a man has contracted the virus.

00:00:31.120 The epidemic is a demon, and we cannot let this demon hide.

00:00:34.580 Japan, where a bus driver contracted the virus.

00:00:37.880 Coronavirus has killed more than 100 people there and infected more than 4,500.

00:00:43.780 We have to prepare for the worst, always.

00:00:46.560 Because if you don't, then the worst happens.

00:00:50.040 War Room. Pandemic.

00:00:52.220 Here's your host, Stephen K. Bannon.

00:00:54.560 Okay, Thursday, 27 October in the year of Alert 2022.

00:01:00.920 You're in the War Room, 12 days away from the most important midterm election in living memory.

00:01:06.800 Let's say that.

00:01:07.860 And we've got a lot of developments this morning, a lot overnight, and a lot to come.

00:01:13.940 It's going to be nonstop here in the War Room.

00:01:16.040 For the four hours a day, we live broadcast.

00:01:18.000 Also, we're going to be doing live streams nonstop.

00:01:22.480 There's a live stream, I think, at noon.

00:01:23.920 I'll confirm this at noon right after the show.

00:01:26.000 General Bolduc is going to be in a debate in New Hampshire.

00:01:29.360 And, of course, Grace Moe and I think Jane will be live streaming that.

00:01:33.200 We did Sarah Palin last night all the way, I think, past midnight.

00:01:37.220 I think it was 3,500 people.

00:01:39.060 It was 3,500 people as of now.

00:01:41.320 It was really incredible and huge engagement for everybody.

00:01:44.780 I want everybody, everybody engaged.

00:01:49.080 So the big economic news, we're cutting the White House.

00:01:52.920 Ron Klain, we're cutting a clip right now.

00:01:54.800 He's out beating his chest.

00:01:56.260 They've solved the economy.

00:01:57.180 You've got to understand, the last 12 days here, because it's 12 days ago, or 11 in a wake-up,

00:02:02.040 they're going to position, oh, they've solved the problem.

00:02:04.440 GDP's back.

00:02:05.620 Not going to be a recession.

00:02:06.900 They're the guys in charge.

00:02:08.680 And these radicals, all they want to do is debt ceiling, cut Social Security, cut Medicare.

00:02:13.080 They don't know what they're doing.

00:02:14.940 This is what it's going to be nonstop.

00:02:17.260 So I want to bring in Steve Cortez.

00:02:19.700 Steve, do we have the clip?

00:02:22.360 No.

00:02:22.740 Okay, fine.

00:02:23.380 Just give me a thumbs up and we've got the clip.

00:02:24.920 I've got to show Ron Klain out there beating his chest on this.

00:02:29.500 Steve, it was in line with expectations, 2.4.

00:02:33.100 It came in at 2.6.

00:02:34.900 It's a print that shows GDP's up.

00:02:37.080 I think, first off, why is GDP up?

00:02:39.660 What does it mean?

00:02:40.480 And is the stock market, and more importantly, the bond market, are they buying this?

00:02:44.120 Are they still saying, hey, the economy's in atrocious shape and it's only going to get worse, sir?

00:02:49.120 No, the reality is the bond market is calling BS.

00:02:51.520 The bond market is saying no bueno, despite a reasonably good headline number.

00:02:56.440 And let me just first say, though, before I get to the economics of it,

00:02:58.720 because I'm now a political messenger, if I were on the left,

00:03:02.640 yeah, of course you would go out and try to tout this number.

00:03:05.040 Why? Because there has been a seemingly unrelenting stream of incredibly bearish, incredibly dismal economic numbers.

00:03:14.240 So the second that you get an economic number that you think you can hang your hat on,

00:03:18.120 of course they're going to put it up like it's a billboard, okay?

00:03:21.020 But let's talk actual economic reality.

00:03:23.820 And the reality is, first of all, if we put this number in context,

00:03:26.380 we just came from two negative quarters of contracting growth.

00:03:30.220 Now we get a slightly positive quarter.

00:03:32.100 Let's keep that in context.

00:03:33.180 How did we get this positive quarter?

00:03:34.840 Well, I think there are two aspects of it that are very troubling, in fact,

00:03:38.400 when we look forward, even though it's a decent number.

00:03:40.620 The first is it was very much juiced by government spending.

00:03:43.540 And we know that government spending at current interest rates,

00:03:46.740 because we are borrowing to spend, we don't have the money because we're borrowing to spend,

00:03:50.640 and because of what Joe Biden has done to inflation and what that has done to interest rates,

00:03:54.840 we cannot continue that level of government spending.

00:03:57.760 So this kind of performance in the third quarter is not repeatable going forward.

00:04:02.320 That's the reality.

00:04:03.480 And then the second aspect of this, Steve, and this is maybe even more dismal, really,

00:04:07.180 when you look under the hood, is that this, in many ways, I think, was the last gasp of the consumer.

00:04:12.060 And what I mean by that is consumers have been coping with Biden's inflation in the only way a lot of them could,

00:04:17.260 especially middle and lower income folks, and that is by borrowing, by surging credit card balances.

00:04:22.660 But, again, we know that's not sustainable.

00:04:24.740 That's a dangerous game to play, even in the best of times.

00:04:27.380 But when you play that game in an era of rising interest rates, we know that that quickly can turn into a disaster.

00:04:33.380 And let me show some charts, by the way.

00:04:35.020 So it's not just, you know, Steve points.

00:04:36.460 Before you show the charts, let's show, I want to show Ron Klain.

00:04:40.520 They're out today, because people have to understand, this is now engaged.

00:04:44.320 It's 12 days out.

00:04:45.420 Every number is against them.

00:04:46.700 The polling is against them.

00:04:47.780 You've got, last night, one of the tales here is, I think, some source-backed organization or something.

00:04:52.480 Nancy Pelosi came and bought $10 million of TV ads in New York City. 1.00

00:04:57.720 They're that afraid of losing the governorship to Zeldin and losing a bunch of these house seats in Long Island and around the New York City area.

00:05:04.640 So we got out.

00:05:05.300 Do I have Klain up?

00:05:06.680 Okay, fine.

00:05:07.400 Let's play Ron.

00:05:07.980 I'm going to play Ron Klain out this morning.

00:05:09.620 People have got to see this.

00:05:10.280 Let's see it, and then we'll walk you through what reality is.

00:05:13.580 White House Chief of Staff, Ron Klain.

00:05:15.900 So the economy grew.

00:05:18.440 That's good.

00:05:19.380 But if you could, Ron, give us in the most basic terms what the Democratic message on the economy is, what you hope voters will take in in these final days before the midterms.

00:05:31.560 Well, look, first of all, thanks for having me, Mika.

00:05:34.000 And look, what you're going to hear the president say today is three big things about the economy.

00:05:39.660 First, the economy, we are making progress on the economy.

00:05:43.660 It's not just the GDP numbers you mentioned.

00:05:46.020 The economy did grow.

00:05:47.500 Inside that is a measure of price.

00:05:49.420 It came down dramatically.

00:05:50.940 We're seeing some easing on inflation.

00:05:52.960 Inside that also is a measure about real incomes after inflation.

00:05:56.920 That was negative last quarter.

00:05:58.980 Two quarters ago, it's positive in this new report.

00:06:01.440 So incomes up, prices down, economic growth.

00:06:04.960 And the thing that's most visible to people is what they're seeing with gas prices.

00:06:09.040 You know, just two weeks ago, the most common pump price in America was $3.79.

00:06:12.360 It's now down to $3.39.

00:06:14.320 So our first message is we're seeing some improvements.

00:06:17.160 Secondly, we know there's more work to do.

00:06:19.400 Inflation remains the number one economic challenge.

00:06:22.280 The president's put measures in place to start to address that, to improve our progress on inflation,

00:06:27.340 like the Inflation Reduction Act, which takes effect January 1st.

00:06:31.080 We're just a few weeks away from that relief.

00:06:33.000 Like the actions he took yesterday on junk fees to bring down everyday costs, we know that's hurting people.

00:06:39.120 We know it's squeezing people.

00:06:40.380 And we're addressing that.

00:06:42.100 Okay.

00:06:42.180 And the third...

00:06:42.880 Okay.

00:06:43.780 They're taking...

00:06:45.300 And as they should, look, in political messaging, they're out beating their chest right now.

00:06:49.720 Right.

00:06:50.580 Cortez, by the way, we've got John Fredericks in New Hampshire.

00:06:53.400 We have Richard Barrison.

00:06:54.840 Headline.

00:06:55.800 Massive headline in Politico.

00:06:57.820 In Florida, it's over.

00:06:59.780 A massive landslide coming in Florida.

00:07:01.860 The Democrats are pulling out of Florida.

00:07:03.940 And now they're pointing the fingers at each other.

00:07:05.260 How did they lose the state of Florida has now become the free state of Florida and MAGA Central.

00:07:09.720 There's so much going on today about where money's being pulled out, where money's being put in these tight races.

00:07:16.140 And they're going to use this.

00:07:17.040 So, like the audience understand, they're going to take this 2.6 as GDP growth.

00:07:21.760 And you're going to get bludgeoned with this.

00:07:24.120 And the Republicans are all debt ceiling.

00:07:26.100 They're all about cutting.

00:07:27.040 They're all about destroying the economy.

00:07:28.400 They've never done anything for the economy.

00:07:30.280 That's going to be the messaging going forward.

00:07:32.120 The bond market is really, as we've said, is the most important thing.

00:07:36.120 They're not giving a thumbs up to this.

00:07:37.660 But before you get to that, answer, Clayton is sitting there saying, hey, we've got inflation under control.

00:07:41.840 We've got growth.

00:07:42.760 We're the guys.

00:07:43.800 And Biden's going to address the nation.

00:07:45.380 He's going to totter out here in an hour or so and take a victory lap.

00:07:49.780 Steve Cortez.

00:07:51.080 Yeah.

00:07:51.320 Allow me to fact check Ron Clayton there.

00:07:53.620 A lot of fallacies packed into a relatively short interview there.

00:07:56.760 First of all, the idea of inflation being under control.

00:07:59.500 The most recent CPI report, the Consumer Price Index, showed us that core inflation just hit a new 40-year high.

00:08:07.240 OK, that is the reality.

00:08:08.620 Regarding wages and real wages are what matter, meaning wages adjusted for inflation.

00:08:13.180 Because you may be getting a pay increase, and I certainly hope you are, but if it's not enough to keep up with the rising price of all the goods and services you need to buy in your life,

00:08:21.200 then you are actually getting poorer every single month.

00:08:23.680 Real wages have now declined for 18 straight months, Ron Clayton.

00:08:28.740 That has never happened before in American history.

00:08:31.780 Let me tell you something else that hasn't happened before in American history.

00:08:34.120 The first three quarters of this year, the stock market went down and the bond market went down.

00:08:39.360 That has never happened.

00:08:40.800 Literally unprecedented in all of American history.

00:08:43.920 Regarding gasoline, I want to fact check him on this as well.

00:08:46.580 Because they love to talk about the fact that gasoline is coming down.

00:08:49.900 Yes, it is coming down from the stratospheric highs that we reached during the summertime.

00:08:55.120 However, let's look at where it is relative to where they began.

00:08:58.640 The handoff from Donald Trump to Joe Biden was an economy that was recovering with gusto and with contained low inflation, including low gasoline prices.

00:09:08.280 The national average when they took over was $2.35 a gallon.

00:09:12.400 Ron Clayton is trying to beat his chest right now about it being $3.39 on a national average.

00:09:18.140 That is up 44%, Ron Clayton.

00:09:20.820 It has increased 44% on your watch.

00:09:23.840 The fact that it's not as terrible as it was a few months ago doesn't mean that it's not terrible right now.

00:09:29.380 Okay, so let's talk economic reality.

00:09:31.540 And I think it's important, Steve.

00:09:32.740 Let's look at some charts here to put all of this in context.

00:09:35.460 And chart number one is CarMax.

00:09:38.000 Everybody out there knows the car retailer CarMax.

00:09:41.200 Look at that chart that goes back one year on CarMax.

00:09:45.200 That company has lost almost two-thirds of its value.

00:09:49.120 And lest you think that perhaps maybe there's company-specific problems at CarMax.

00:09:53.100 No, it's much broader in the auto market, particularly regarding used auto sales.

00:09:57.960 Here's a quote from the Wall Street Journal about CarMax's woes.

00:10:01.440 Higher prices, climbing interest rates, and low consumer confidence all led to a market-wide decline in auto sales.

00:10:11.000 That is from the Wall Street Journal article about CarMax.

00:10:13.860 So that's the consumer side of things, and that's the stock market.

00:10:17.320 Now let's move on to the bond market and what the bond market has to say about this GDP report, which is, frankly, not much.

00:10:23.760 Basically, a shoulder shrug saying it doesn't matter very much.

00:10:26.540 If we go to chart number two, I want to point out here, this is actually a New York Times headline.

00:10:31.900 A New York Times headline.

00:10:32.800 Another closely watched recession alarm is ringing.

00:10:36.740 Okay?

00:10:36.900 If the New York Times is willing to admit this, then you know it's significant.

00:10:40.640 Now, what is that alarm?

00:10:41.880 Well, it is the inverted yield curve.

00:10:43.380 We've talked about it a lot on this show.

00:10:44.780 I believe the yield curve has already been inverted for many months, but it matters which part of the curve you choose to analyze.

00:10:51.540 Most bond market traders watch twos versus ten, two-year treasuries versus ten-year treasuries.

00:10:57.260 And so on that basis, the yield curve has already been inverted for many months.

00:11:00.960 But the Federal Reserve Bank prefers to watch three-month money, very, very short-dated money, three-month bonds versus ten-year bonds.

00:11:09.640 And on that basis, if we go to chart number three, three-month versus ten-year has just inverted, meaning it's gone below zero.

00:11:17.920 That horizontal line you see on that chart, that's a chart from the Federal Reserve, that horizontal line is zero.

00:11:24.080 It has now gone below zero.

00:11:25.900 And as even the New York Times is willing to concede, this is a major recessionary alarm bell.

00:11:32.380 And just to quickly explain what does an inverted yield curve mean, it means, think of it when you go to the bank,

00:11:37.860 if you buy a certificate of deposit, the longer you give the bank your money, the higher the interest rate they will give you.

00:11:43.080 That's a normal yield curve.

00:11:45.300 When it is inverted, the bank would actually give you more money for a short-term certificate of deposit.

00:11:50.900 That's the reality right now in the bond market.

00:11:53.420 It is upside down.

00:11:54.580 It's not the way the bond market is supposed to operate.

00:11:56.760 The bond market gets into inversion when bond traders are convinced that there's out-of-control inflation combined with a dismal economic outlook going forward.

00:12:06.360 So the bond market's opinion is way more important than Ron Klain's.

00:12:10.180 It's more important than Steve Cortez.

00:12:12.120 And the bond market is telling us recession.

00:12:15.080 The message you're going to hear, we're taking the number two principle out and write down soft landing.

00:12:21.260 That's what they're going to be.

00:12:22.160 That's their mantra over the weekend, that Biden has now managed this.

00:12:25.720 You see the GDP growth that was forecast is going to be a soft landing.

00:12:30.220 Meta doesn't agree with that.

00:12:32.180 Google and YouTube don't agree with that.

00:12:34.040 But the $3 trillion wiped off of big tech, the market caps, I'm sure your 401ks right now, don't show that.

00:12:42.360 And here's how they're going to position it.

00:12:44.000 It's the know-nothing fascist Republicans who just want to come in with the debt ceiling, cut spending, cut Social Security and Medicare.

00:12:53.100 That's what their mantra is going to be versus Biden and the economic magicians who have kind of come through this mini recession.

00:13:00.880 Now they have growth.

00:13:01.920 They're going to have a soft landing.

00:13:02.920 And if the Fed doesn't choke it down, it's sunlit uplands ahead.

00:13:06.980 I mean, Cortez, that's how they're going to argue this in the next 12 days, correct?

00:13:12.140 No, correct.

00:13:12.700 And listen, that's how they're going to spin it.

00:13:14.240 And once again, when you have an absolute torrent of horrendous economic news, the second you get a number that is OK, of course, you're going to absolutely tout it to the nines.

00:13:25.920 And so, yes, you're exactly correct.

00:13:27.340 That's what we're going to hear from them.

00:13:28.800 But here's the thing.

00:13:29.760 You know, and I've said this before, and I think it's an important reality.

00:13:32.180 You can spin people about certain things.

00:13:34.240 For example, in the early days of the war in Ukraine, I think the corporate media did a decent job of spinning that situation as if it was sort of this pure showdown of pure evil against pure good over in the Black Sea.

00:13:45.720 You can spin people about certain things.

00:13:47.660 You cannot spin people about their economic reality because they know their own bank account.

00:13:52.920 They know the fact that when they go to the gas station and put that credit card in the pump, they are cringing.

00:13:57.720 They're cringing because of the price they're going to pay.

00:13:59.740 And they're wondering if the credit card is going to go through.

00:14:02.220 OK, we know that one out of six.

00:14:03.980 American households is behind on their rent right now.

00:14:06.800 One out of five minority households.

00:14:08.580 And they're worried about it.

00:14:10.960 And they see the layoffs coming.

00:14:12.860 All the staff people see the layoffs coming.

00:14:14.580 People see they're going to cut back to the bare bones.

00:14:16.660 They see that coming.

00:14:17.520 They see it all coming.

00:14:18.460 OK, short commercial break.

00:14:20.060 Cortez is with us for the hour.

00:14:21.540 Got a lot more economics to go through.

00:14:23.200 We've got John Fredericks on the bus in New Hampshire.

00:14:26.120 He's heading to a surprise location.

00:14:28.400 We're going to talk about that.

00:14:29.600 We've got Richard Barris later about polling.

00:14:32.080 We're going to talk about they're trying to spin the cyborg Fetterman's performance, humiliating the performance the other day, trying to spin that.

00:14:39.880 We've got a lot going on.

00:14:41.680 Arizona, Florida, Pennsylvania, New York, all of it.

00:14:44.980 You're here in Action Center, the place where you use your human agency.

00:14:50.600 Man the ramparts.

00:14:51.560 It's 12 days away from midterms.

00:14:53.700 Next in the world.

00:14:55.360 We rejoice when there's no more.

00:14:57.380 Let's take down the cc.

00:14:59.520 You know what's never good?

00:15:01.460 When your nation's supposed authority on economic policy completely misses the flashing red lights of impending inflation.

00:15:09.360 Now, Treasury Secretary Janet Yellen has finally admitted, quote, there's been an unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that affected our economy badly that I didn't at the time fully understand.

00:15:27.820 End quote.

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00:16:25.840 War Room. Pandemic with Stephen K. Bannon.

00:16:29.460 The epidemic is a demon, and we cannot let this demon hide.

00:16:33.620 War Room. Pandemic.

00:16:35.780 Here's your host, Stephen K. Bannon.

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00:17:25.640 Okay, I got, Cortez, we got a lot more economic news.

00:17:29.180 We also have a thing that they're melting down about Hispanic outreach, minority outreach by the RNC.

00:17:34.180 We're going to get into that with Cortez.

00:17:36.180 The poll numbers are turning hard.

00:17:38.720 John Fredericks, you tell us where you are in New Hampshire.

00:17:40.780 And the people in New Hampshire, are they feeling the Biden economic turnaround that the White House is touting this morning?

00:17:46.880 Or where do folks, where do Granite Stater stand, sir?

00:17:50.060 They're afraid of the coming winter, and they're not going to be able to heat themselves, and they have to choose between heating and eating.

00:17:58.640 That's how they feel.

00:18:00.040 This, I've never seen anything like I'm seeing right now, Steve, in New England.

00:18:03.900 Today, bus tour day number 10.

00:18:06.300 We're in Londonderry, Connecticut, at the Poor Boys Diner on Rockingham Road.

00:18:13.820 We got a massive turnout here.

00:18:15.400 We're tailgating.

00:18:16.680 It's unbelievable.

00:18:17.040 That's Londonderry, New Hampshire, correct?

00:18:19.840 Not Connecticut?

00:18:21.940 Yeah.

00:18:22.300 I'm sorry, London.

00:18:23.760 You know what?

00:18:24.400 I've screwed this thing up.

00:18:25.260 I finally teach you how to pronounce the name of the town, and you get the wrong state.

00:18:33.140 Okay, we're going to start over again.

00:18:34.020 I get the state wrong.

00:18:34.800 We got Jack Fredericks and Poor Boys Diner.

00:18:36.860 Man, you take me out of New Hampshire.

00:18:41.080 Keep going, brother.

00:18:42.240 I love Londonderry.

00:18:44.320 I love Londonderry, New Hampshire.

00:18:46.080 So, look, when I showed up at the Baldick event last night, everybody came up to me and

00:18:51.960 said, dude, we love you, but you got to say our town right, Londonderry, New Hampshire.

00:18:57.220 That's where we are at Poor Boys Diner on Rockingham Road.

00:19:00.840 But I tell you what, Don Baldick had another event last night in Londonderry, New Hampshire.

00:19:06.080 300 people there.

00:19:07.020 They had to shut it down with a fire code on fire.

00:19:09.720 People cheering.

00:19:11.240 Baldick is just surging.

00:19:13.380 And you can see it in a step.

00:19:15.220 You can see it in the people, the enthusiasm.

00:19:17.460 And here's what I'm saying, right?

00:19:19.120 People are telling me, GOP people are telling me, we've never seen these people before.

00:19:23.340 They're not the normal people that come out to these events.

00:19:25.720 They're all new.

00:19:27.020 He's surging.

00:19:28.020 We're going to run the table in New Hampshire.

00:19:30.160 Carolina is going to win.

00:19:31.120 Bobby Burns is going to win in New Hampshire, too.

00:19:36.000 We're going to run the table here.

00:19:37.860 But, Steve, I got to tell you what.

00:19:39.440 This is the people's bus.

00:19:41.100 So many people are excited.

00:19:42.720 We're going back to Vermont this afternoon.

00:19:46.400 Why are we doing that?

00:19:47.940 I'll tell you why we're doing that.

00:19:49.400 Somebody told me the Associated Press is turning up, turning out for an event for Gerald Malloy

00:19:57.180 in Vermont on Friday in St. Albans.

00:20:03.400 And as soon as I heard that, I'm like, if the Associated Press is sending somebody to

00:20:08.340 a Malloy event in St. Albans, I'm right.

00:20:12.160 Something's going on there.

00:20:13.320 So we're going to get there and help them out.

00:20:15.280 Then after that, we're going to Pennsylvania.

00:20:17.300 Certainly we'll be at the big rally Saturday.

00:20:19.680 And now the majority of our events in Pennsylvania are going to be for Doug Mastriano, DougforGov.com.

00:20:26.580 Oz has got this.

00:20:27.700 He doesn't need the help.

00:20:28.980 He's going to win easy.

00:20:29.880 We got to get our voters out for Doug.

00:20:33.120 If we do that in a big way, it's just like Yunkin. 1.00

00:20:38.040 We get 90, 95% turnout in the Trump areas, in Pennsylvania.

00:20:43.120 Doug Mastriano can win this race.

00:20:45.160 We're going to be right there with him, Steve.

00:20:47.460 Okay.

00:20:50.500 Talk about Oz before I let you go.

00:20:52.480 By the way, New Hampshire, we're going to be all over New Hampshire.

00:20:54.840 We're going to be all over New York.

00:20:55.900 We got a lot of stuff we're doing, particularly upstate New York.

00:20:58.080 Look, every member of the posse that can hear my voice or see us in upstate New York, we need a massive MAGA turnout.

00:21:06.000 If MAGA turns out in upstate New York, okay, Zeldin's going to be the governor.

00:21:11.640 And we're going to pick up 10 house seats.

00:21:14.860 This has to happen.

00:21:15.900 This is all about MAGA.

00:21:16.820 Lee Zeldin's doing his job in Manhattan.

00:21:18.520 He's doing his job in greater New York City.

00:21:19.980 He's doing his job in Long Island.

00:21:21.200 That's where he's focused, hammering, hammering, hammering.

00:21:23.420 Elise Stefanik, Alex deGrasse, the rest, they're all focused in upstate New York.

00:21:28.300 It's MAGA.

00:21:29.140 And MAGA turns out in these states, in New Hampshire, in Vermont, you're going to have some victories here.

00:21:34.140 Talk to me very quickly about Oz.

00:21:36.320 The Fetterman situation is in free fall.

00:21:39.180 They're trying to prop it up.

00:21:40.300 It's in total free fall.

00:21:42.180 We hear there's a huge story in Politico Day.

00:21:44.420 They're all nervous about it.

00:21:46.080 They held it back.

00:21:48.100 And last night on CNN, they had the doctor, the brain surgeon on there saying, hey, this guy is much more serious than anybody knew.

00:21:53.760 He lied to people.

00:21:54.540 They won't show the medical records.

00:21:56.320 Oz is being a classy gentleman about this.

00:21:59.820 Why is he not pressing the bet on Fetterman?

00:22:03.680 Because he's surging in the polls.

00:22:05.260 He spent an enormous amount of time in the Philadelphia and Allegheny suburbs of Pittsburgh and Bucks County.

00:22:12.860 He's going to get over 42% of the vote, both outside of Pittsburgh and Philadelphia.

00:22:18.240 You know and I know, Steve, covering Pennsylvania, 42%.

00:22:21.780 Magic number.

00:22:22.960 He's at 45 now.

00:22:24.700 His campaign is surging.

00:22:26.360 He's a doctor.

00:22:27.320 He wants to do the right thing.

00:22:28.920 The next set of polls you see, odds is going to be up by three.

00:22:33.080 People are coming to him.

00:22:34.200 Look, this was a strategy from the beginning.

00:22:37.340 Oz was going to take it right to the Dems in their home area.

00:22:40.540 He's doing that.

00:22:41.680 That's why you're going to see him up.

00:22:43.220 He doesn't need to attack.

00:22:44.360 Look, let the media do it is kind of his thing.

00:22:47.300 If you saw the debate, unfortunately, John Fetterman has some serious issues that he needs to take care of.

00:22:54.460 He needs to go home, go to his doctors and take care of it because he can't articulate a sentence.

00:22:58.900 He can't put three and two to him doesn't equal five.

00:23:02.380 He can't even read it.

00:23:03.100 No, no, he's a cyborg.

00:23:05.160 He's got to have a computer.

00:23:08.700 Let's play this.

00:23:09.260 I want to play the clip, John, and then I want you to respond to it.

00:23:12.580 Let's play the clip.

00:23:13.540 See you in there.

00:23:13.960 He had to know that he would get the kind of reception that he got from that.

00:23:21.500 Being the son of a man who had atrial fibrillation and had a stroke, I know how much work it takes to recover, and I admire Mr. Fetterman's determination to do that.

00:23:37.180 But he's obviously had a pretty significant neurologic injury.

00:23:41.080 Okay, you did get it.

00:23:43.600 I was giving stink eye to my great producer here who just gave me stink eye back in a shake of the head.

00:23:47.940 By the way, you got it.

00:23:49.060 Okay, serious neurological damage, and they're hiding the medical reports.

00:23:57.960 This is for us to do.

00:23:58.940 Fetterman's got to come out with the medical reports.

00:24:00.920 It's not Oz's responsibility.

00:24:02.780 Oz is surging.

00:24:04.100 MAGA needs a turnout for Oz.

00:24:06.060 You're not getting engaged.

00:24:07.340 You're not getting married.

00:24:08.420 You're not sending a valentine.

00:24:09.960 This is a tactical and strategic move.

00:24:12.160 If MAGA comes out for Oz right now, full bore, Oz is going to be the senator, and Oz is going to help Mastriano get across the finish line.

00:24:19.460 John Fredericks, just to reiterate, you're going to Vermont to help Malloy.

00:24:22.720 He's surging.

00:24:23.440 You're then going to pivot, go back to Pennsylvania, and spend the week basically with Doug Mastriano and his campaign, correct?

00:24:31.980 Yes, it's all about Mastriano now.

00:24:33.900 And the irony of this whole thing, Steve, is that as much as everybody banged on me about Dr. Oz, et cetera, I get it, right?

00:24:41.200 I took it like a man.

00:24:42.720 Oz is going to be the reason that Mastriano wins. 0.98

00:24:44.820 He's going to pull him over the top.

00:24:46.280 That's the amazing thing about this race.

00:24:49.000 And we game this out from the beginning.

00:24:51.060 Dr. Oz is going to be an extraordinary senator.

00:24:53.420 But it's all about Doug now, Doug for Goff.

00:24:55.560 Let me just tell you one other thing about the debate today between – I can't even say this with a straight face.

00:25:01.720 The debate between Don Boldig today and Maggie Hassan.

00:25:05.680 It's an NPR debate.

00:25:07.140 They only allowed 45 tickets.

00:25:10.100 Well, guess who bought them all?

00:25:12.100 Of course, right?

00:25:13.180 Maggie Hassan.

00:25:13.980 So she's got the entire audience.

00:25:15.760 Boldig's got nobody there except this campaign manager.

00:25:18.460 But guess what?

00:25:19.900 Mandatory masks.

00:25:21.340 So in order to get into the debate, you have to have a mask on.

00:25:25.040 I thought Biden said the pandemic was over.

00:25:26.820 So it's going to have this debate, and they've got mandatory masks on.

00:25:31.480 Is Maggie going to show up with a mask and take it off? 1.00

00:25:34.120 I mean, these people are so desperate.

00:25:36.820 They're so rediscovered.

00:25:38.220 I mean, he is going to bring it up.

00:25:39.880 They've all got masks on.

00:25:40.800 It's mandatory.

00:25:41.860 If they do a camera sweep, it's Boldig again.

00:25:44.140 By the way, we're going to be covering this.

00:25:46.140 Grace and Moe and Jane are going to be doing the live stream.

00:25:48.480 We did Sarah Palin last night at midnight.

00:25:51.160 We're doing it at 12 noon today.

00:25:52.740 Make sure everybody, when you leave the show, go right to our getter, right to the getter feed.

00:25:57.660 It'll be up.

00:25:58.160 John Fredericks, how do people track the bus, sir?

00:26:02.680 Steve, you can't make this stuff up, man.

00:26:05.580 They're all going to be masked up.

00:26:07.560 I thought the pandemic was over.

00:26:09.360 It's not, according to Maggie Hassan.

00:26:11.040 Just go to maggabusstore.com.

00:26:12.680 You can follow us there.

00:26:13.560 Every day we get updates.

00:26:15.180 It's all about Doug now.

00:26:16.980 Dougforgov.com.

00:26:18.200 We get Doug Mastry.

00:26:19.380 I was governor.

00:26:20.380 It's going to be a great night.

00:26:21.900 Eddie can win.

00:26:22.480 He's within striking distance.

00:26:23.800 We got to get our vote out.

00:26:25.080 Go to maggabusstore.com.

00:26:26.520 You can help us out there.

00:26:27.880 Donate, if you like.

00:26:29.260 Good thing about us, you know exactly where we are.

00:26:31.040 Tune us at 6 a.m. every day.

00:26:33.440 And tomorrow through, I think, right through the 8th, go to maggabusstore.com.

00:26:39.740 Come on and join us and sign the bus.

00:26:41.380 It's fun.

00:26:42.660 We're having such a good time here.

00:26:44.320 Getting all the deplorables together.

00:26:46.120 People are fired up.

00:26:47.300 We have a tailgate party wherever we go.

00:26:49.880 It is so much fun.

00:26:51.500 Steve, do you smell what I smell, Steve?

00:26:55.300 It's called winning.

00:26:56.820 It's called winning.

00:26:57.880 And the famous words of Stephen K.

00:26:59.380 Bannon, there's no substitute for victory, Steve.

00:27:02.720 No substitute.

00:27:03.380 You know, it smells like napalm in the morning.

00:27:05.180 I got it down, Steve.

00:27:05.500 That smells like victory.

00:27:06.820 Napalm.

00:27:07.420 You got it.

00:27:08.040 Okay, brother.

00:27:08.580 Thank you very much.

00:27:10.100 Cortez, before we go to break, we're going to come back.

00:27:12.060 We've got a lot more of you in the next half hour.

00:27:14.780 Give us your assessment.

00:27:15.680 New Hampshire, Pennsylvania.

00:27:17.280 Where are we?

00:27:18.660 Listen, you've talked a lot about broadening the political battlefield, right?

00:27:22.860 That we can compete everywhere.

00:27:24.060 I believe Don Bolduc is absolutely going to win.

00:27:27.080 I've been on the record saying I think we're going to have four flips, and that is one of

00:27:30.640 them.

00:27:30.820 Probably the one that the conventional wisdom is least persistent about.

00:27:35.320 But it's going to happen.

00:27:36.500 Don Bolduc is a champion who's going to win in New Hampshire.

00:27:39.180 Here's the reality, too.

00:27:40.020 And John Fredericks brought up a very important point.

00:27:42.740 In states where there are a couple of candidates running in major races, for the governor and

00:27:46.220 Senate, for example, and one of the candidates is doing better, I believe there is going

00:27:50.120 to be a coattail effect.

00:27:51.560 And that stronger candidate is going to help the candidate who is now tied.

00:27:54.960 That's going to happen.

00:27:56.680 Cook Report just turns Blake Masters' race in Arizona to a toss-up.

00:28:02.700 This brother was 15 down.

00:28:04.980 That's the Cary Lake effect, okay?

00:28:06.860 And you're seeing Oz in fighting the good fight.

00:28:09.980 Remember, we weren't Oz guys, but he's fighting the good fight in the Commonwealth of Pennsylvania.

00:28:14.200 Strap in.

00:28:15.540 It's nothing but outright warfare from now until the 8th, next in the war room.

00:28:24.380 Fair warning.

00:28:25.720 Listen to this convicted home title thief explaining what happens when he forges your home's title

00:28:32.180 and takes over as the new owner.

00:28:34.940 Nobody thinks that I can take their house and borrow against the house.

00:28:37.660 Oh, no, I have title insurance.

00:28:39.220 It's in my name.

00:28:40.340 Or he would have to get some special document.

00:28:42.520 They would call me.

00:28:43.880 You know, nobody's calling you.

00:28:45.600 You're living in a delusion.

00:28:47.300 After I've stolen the title, borrowed against it, or sold the property, it's 60 to 90 days

00:28:52.200 for that person to even figure out that they're the victim of this crime.

00:28:54.980 You start getting foreclosure notices.

00:28:57.060 You've got four mortgages on your house.

00:28:58.760 You don't even own your home anymore.

00:28:59.960 It's not even in your name.

00:29:00.800 Home title fraud is growing two and a half times faster than credit card fraud.

00:29:05.560 You could be a victim and not even know it.

00:29:08.160 Here's how to protect yourself and verify your home's title is still in your name.

00:29:13.540 Visit hometitlelock.com promo code radio.

00:29:17.340 Then register your address for your no obligation home title report.

00:29:21.700 A $100 value you get for free.

00:29:25.140 Again, get your free home title report at hometitlelock.com promo code radio.

00:29:32.800 More than ever.

00:29:34.480 It's all part of a multi-million dollar strategy by the RNC to shift the margins among non-white 0.98

00:29:40.360 voters just enough.

00:29:42.360 Why did you all decide as a party to invest in these brick and mortar sites instead of,

00:29:48.880 for example, putting that money in ads, social media, television, radio?

00:29:53.080 Because we have done that.

00:29:54.460 And we're not refraining from doing what we used to do.

00:29:57.100 We're doing just something additional.

00:29:59.160 It's a plan the RNC says is working.

00:30:02.140 While Democrats still have an advantage among Hispanic voters,

00:30:05.260 recent polls found a 14 percentage point swing towards Republicans since the 2020 election,

00:30:10.720 with a similar shift to the right among black voters.

00:30:14.140 I'm Carrie Lake.

00:30:15.020 As governor, I will issue a declaration of invasion.

00:30:18.000 This while Republican candidates across the country focus on the border and immigration

00:30:22.320 as central campaign issues.

00:30:24.060 You know, we've seen dozens of ads and interviews from Republican candidates calling southern

00:30:30.020 border crossers, for example, an invasion.

00:30:32.740 So are these centers enough to counter that type of rhetoric?

00:30:37.560 OK, that rhetoric is wrong.

00:30:40.120 We're not against immigration.

00:30:41.840 It's not that we hate the people that is in the other side of the border.

00:30:44.940 It's that we love the people that is in this side of the border and we have to protect them.

00:30:49.420 One of the fascinating things about these centers is how inconspicuous they are.

00:30:53.060 Here at the shopping mall, there's a beauty salon, there's a dentist's office,

00:30:57.240 there's an urgent care clinic.

00:30:58.720 And it's that low profile that has some progressive strategists concerned.

00:31:02.780 Does it make me feel good that they're doing it?

00:31:04.840 No.

00:31:05.200 Is it going to be super effective?

00:31:06.840 I hope not.

00:31:07.780 But it's still worrisome for Democrats to see Republicans showing up in neighborhoods

00:31:11.480 that used to be safely ours.

00:31:13.220 A strategy Martinez says he hopes will continue through Election Day.

00:31:17.160 Is it working?

00:31:18.080 Have you seen more people come to the doors, fewer people come to the events?

00:31:21.100 I have seen more people come through and everything.

00:31:23.160 They want to see change.

00:31:25.480 All right.

00:31:25.800 So we do want to make clear that those polling shifts to the right cannot be directly attributed

00:31:30.000 to any one thing.

00:31:31.440 But Republicans do believe that these centers are a key element.

00:31:34.520 We also reached out to the Democratic National Committee, who acknowledged that they have not

00:31:38.560 chosen to invest in these particular kinds of community centers.

00:31:41.800 But instead, they pointed to a seven-figure investment in Spanish language ads in key states and

00:31:46.360 similar level of spending on messaging towards black voters in print.

00:31:50.140 Yeah, that's Soros.

00:31:51.520 That's Soros trying to dump money into the Spanish language radio.

00:31:56.420 Barris and Cortez were the first two to talk about this.

00:31:59.660 Cortez has really made this part of his life's work.

00:32:02.060 You're seeing there, it's coming as a big shock to the MSNBC crowd and CNN.

00:32:09.900 This is like a shock.

00:32:10.940 And they go, you know, you got Cortez and Bannon, all they do is talk about border security and

00:32:15.400 invasion and cutting off.

00:32:16.840 And why is this not turning people off, right?

00:32:19.320 They go right back to that old trope.

00:32:21.400 Steve Cortez, walk us through the second eye.

00:32:24.700 It's inflation, immigration, and injections.

00:32:27.500 Walk us through the second eye, sir.

00:32:28.760 Yeah, so immigration, listen, here's the reality.

00:32:32.300 It shocks corporate media because they're lost in their bubble of New York newsrooms

00:32:36.700 in the Acela Corridor, and they don't realize what is actually happening in what they consider

00:32:41.400 flyover country in America, that Hispanics, bad hombres, and proud Latinas believe in law 0.99

00:32:47.660 and order everywhere, including at the border.

00:32:51.240 Customs and Border Patrol, by the way, is the most Hispanic, by far the most Hispanic agency

00:32:55.740 of the entire federal government.

00:32:57.460 A lot of brave, bad hombres are doing the tough, hard work of trying to guard the United

00:33:02.880 States front door, while Joe Biden flings it wide open and literally incentivizes the

00:33:08.060 world to trespass, a tsunami of trespassers, to come into our country. 0.99

00:33:12.560 And when they do come into our country, they are primarily inflicting harm upon whom?

00:33:17.280 Upon Hispanic Americans, okay? 1.00

00:33:19.080 Because the dangerous people who come over the border, and most of them are not dangerous, 0.97

00:33:22.420 but some of them are.

00:33:23.320 And the dangerous people who come over the border, when they commit crimes, illegal migrants 1.00

00:33:27.140 in this country, against American citizens, overwhelmingly, the victims of those crimes 0.97

00:33:31.360 are Hispanics.

00:33:32.320 And even those who come over with good intent are always competing in the labor market against 0.96

00:33:38.840 American citizens, depressing wages for working class people, many of whom happen to be black 0.73

00:33:45.220 and brown Americans.

00:33:46.180 And this is one of the reasons why I'm so optimistic about our movement, Steve.

00:33:50.440 And one of the reasons why I believe that this movement is in the very, very early innings

00:33:54.280 is because we are seeing a massive, historic, secular shift in Hispanics to the political

00:34:00.100 right.

00:34:00.720 First of all, they have been orphaned by the Democratic Party, which is far too radical to

00:34:04.900 host Hispanics any longer.

00:34:06.600 But secondly, on the positive side, Hispanics are rallying to the America First vision,

00:34:11.960 the combination of cultural conservatism combined with economic populist nationalism.

00:34:17.180 And this isn't just my opinion.

00:34:18.500 This is what we see in voting.

00:34:20.100 It's what we see in polls.

00:34:21.300 And I think we're going to see it on steroids on November 8th.

00:34:25.280 To show you how craven, I know it's not a big shock to this audience, show you how craven

00:34:31.120 the corporate media is.

00:34:33.740 Carrie Lakes, married to a Hispanic guy.

00:34:35.700 Her children are, you know, Hispanic and American, right?

00:34:39.400 She's married to a Hispanic guy. 0.68

00:34:40.960 And yet they got her as like the great demon because she's going to declare an invasion. 1.00

00:34:45.180 And she backed down the NFL. 0.70

00:34:46.780 NFL says, well, if you call an invasion, that's racist.

00:34:49.740 We're going to pull the thing.

00:34:50.480 She says, I don't report to the NFL.

00:34:52.460 NFL wants to come see me after I declare an invasion.

00:34:54.800 Come and see me.

00:34:55.500 Doors open.

00:34:56.380 But don't think you're going to get any special deals.

00:34:58.000 That's what Carrie Lake is up 11 points. 1.00

00:34:59.640 Remember, she speaks perfect Hispanic language, right?

00:35:04.120 She does his amazing spots with these stars from Mexico. 0.92

00:35:07.460 They're incredible.

00:35:08.960 Katie Hobbs can't even get through it. 0.99

00:35:10.600 I mean, Carrie Lake is going to win a big portion of the Hispanic vote because people 1.00

00:35:14.960 want law and order up there.

00:35:16.020 That's why Carrie Lake on this poll yesterday is up 11 points. 1.00

00:35:18.780 This is one of the reasons her draft, her updraft is taking, it's got Blake Masters running

00:35:23.660 a great campaign, but now they got Blake Masters.

00:35:25.660 When Cook Report puts it as a toss up, baby, that's not a good day for the Democrats.

00:35:31.160 So Kelly has spent, I think, $40 million on top of Blake Masters.

00:35:35.620 It's just been incredible.

00:35:36.720 Let's bring in Barris.

00:35:37.620 Barris, where do we stand this morning?

00:35:39.520 Walk us through.

00:35:40.740 You got USA Today.

00:35:41.720 You got all these people in meltdown right now.

00:35:44.000 They're going to try to spend this GDP number to try to save them.

00:35:47.480 But where are we right now as far as you see things?

00:35:50.960 Yeah, people, Steve, the number in the Suffolk USA Today poll is interesting because they can

00:35:58.760 say what they want when there's two consecutive quarters of GDP, which is a textbook definition

00:36:03.420 of a recession.

00:36:04.440 They can say what they want, but the American voters were telling us they knew that we were

00:36:08.220 in a recession.

00:36:09.000 They knew it before the BEA actually even reported that second quarter of negative growth.

00:36:14.080 So it really didn't matter, almost, what the media said.

00:36:17.980 And also, because inflation is so bad, I'm not sure that a resounding bounce back, which

00:36:24.420 this is not.

00:36:24.980 This is not.

00:36:25.800 Let's be clear.

00:36:26.760 It is not.

00:36:27.300 We've lost so much that we need to gain in GDP to recover, to truly recover and grow.

00:36:33.380 But people are not going to feel it for a while because they are being hurt so badly with

00:36:37.140 inflation.

00:36:37.780 And that's what this poll showed.

00:36:39.300 It showed that abortion was up there. 0.67

00:36:41.140 It was the second issue, nearly tied with number three, but it didn't matter because

00:36:45.560 inflation was so dominant.

00:36:47.280 Out of the 16% that were undecided, look at what they say.

00:36:51.960 They leave it for almost the end of the article.

00:36:54.580 But they said, look, all of these undecided voters, they broke overwhelmingly to the Republican

00:36:59.960 Party.

00:37:00.880 So out of the remaining decided, there's almost no reason to think that Democrats would win

00:37:06.040 the lion's share of them.

00:37:07.740 People are still out of that group.

00:37:09.860 They're still unhappy, Steve.

00:37:11.360 They're negative.

00:37:12.700 Hang over a second.

00:37:13.620 This is the bear.

00:37:14.200 We call that a buried lead when they stick it down at the bottom, which is the story.

00:37:18.320 It's breaking.

00:37:19.400 You've seen across the board, this is all breaking the Republican's way.

00:37:23.660 It's all breaking MAGA.

00:37:24.740 It's all breaking GOP.

00:37:25.900 It's all breaking Trump movement with the undecideds.

00:37:27.840 If there's really any undecideds, right?

00:37:30.160 And it's because of the economy and crime, inflation and crime.

00:37:33.280 And I think the undertone or the one that's not being picked up because they're not asking

00:37:37.820 it is the vaccine, the injections.

00:37:40.440 And you see this, the fact of they're not taking any Fauci ads out.

00:37:44.780 There's zero ads throughout the country of Democrats touting what they've done on the

00:37:49.600 vaccine, what they've done with the lockdown.

00:37:51.580 Zero, not one, total crickets.

00:37:53.540 Yeah.

00:37:53.680 Which you also don't see.

00:37:54.740 Another thing they're not seeing anymore.

00:37:56.080 Or they talk a lot about democracy, but they're starting to pull all the insurrection ads

00:38:00.640 because they understand it just upsets people.

00:38:02.120 They go, well, why are you not focused on the economy?

00:38:04.600 Why are you not focused on inflation?

00:38:06.700 Talk to me.

00:38:07.260 You're back in the field.

00:38:08.260 Talk about the states you've done.

00:38:09.640 You're back in the field again.

00:38:11.140 What's your sense of things from what you did right after labor?

00:38:14.280 You made a really smart decision.

00:38:15.740 Not going to do a lot of summertime polling because nobody's around, particularly Republicans.

00:38:19.720 You're going to wait to after Labor Day.

00:38:21.220 You did these initial ones.

00:38:22.340 You're back in the field now.

00:38:23.480 So give us your sense of where things are moving.

00:38:27.400 Yeah.

00:38:27.920 I don't think there's anyone who could look at this map and look at what, you know, of

00:38:32.860 course, we're going to have these outliers, Steve, like, you know, Politico and Morning

00:38:36.020 Consult, YouGov and The Economist.

00:38:38.700 These are two of the worst polls in the last three election cycles.

00:38:41.680 But hold it.

00:38:42.960 Hang on.

00:38:43.820 Hang on.

00:38:44.140 I got to address YouGov and The Economist because the great Alex de Grasse lit them up

00:38:48.720 last night.

00:38:49.700 Out of nowhere, they come out last night with a five-point swing.

00:38:53.620 A five-point swing in the generic ballot to the Democrats.

00:38:57.120 But then you look at what they actually polled.

00:38:59.700 It was just Americans who weren't even registered voters.

00:39:03.100 Walk me through that YouGov because here's the smart thing.

00:39:05.940 The media has not pushed that a lot.

00:39:07.620 It was so outrageous.

00:39:09.060 But you would expect more from The Economist.

00:39:11.040 Walk me through The YouGov Economist.

00:39:12.920 Everybody should understand.

00:39:13.720 This is the outlier.

00:39:14.520 Last night, they reported a massive swing to Democrats on the generic ballot.

00:39:19.640 Walk me through why that's what we call in the Navy a gun deck.

00:39:23.480 Yeah.

00:39:23.860 And at this point, I don't expect anything less from The Economist because it's not the

00:39:27.900 magazine that we used to read many, many years ago.

00:39:31.060 Those of us who love The Economist, they've gone off the deep end over the last three election

00:39:36.260 cycles.

00:39:37.140 They're repeatedly on the list of the top 10 worst pollsters of that year.

00:39:41.720 However, their projections are awful and, you know, that they use their own polling data

00:39:46.580 to source them.

00:39:47.320 Why is that happening?

00:39:48.480 That is a consumer panel.

00:39:50.860 Even if you ask people, Steve, are you registered to vote?

00:39:54.440 Are you likely to vote?

00:39:55.300 How do you know?

00:39:56.320 It's not a voter file verified panel.

00:39:59.500 Some of them are.

00:40:00.660 It is a consumer panel.

00:40:02.860 YouGov incentivizes people to take it by building up points so they can earn a couple of bucks every

00:40:08.620 time they complete a survey, you know, to go toward a Kohl's gift card so a girl who goes 0.76

00:40:13.260 to college can, you know, and is on a tight budget can can afford like a new T-shirt or

00:40:18.360 bra or something. 0.95

00:40:19.160 It's ridiculous.

00:40:20.380 There is no way to know whether or not those people are actually going to vote. 0.78

00:40:24.000 And that's all it has ever been.

00:40:25.920 And now they're pulling these little schemes, these little games.

00:40:28.780 They're not the only ones.

00:40:30.060 These registered voter polls, morning consult, did the same thing.

00:40:33.100 You know, we're two weeks out from an election and they're still doing registered voter polls.

00:40:38.200 Eighty percent of a pollster's job is to determine who is going to vote, not just how people are

00:40:43.160 going to vote, but who is going to vote.

00:40:45.780 So, I mean, I can't I can't stress it enough.

00:40:48.540 They will be outliers.

00:40:50.000 And what we are seeing in the field in these states right now is clear as day.

00:40:54.360 And the generic ballot, we had Republicans up by five on it.

00:40:59.340 You know, Monmouth has them up by six.

00:41:00.760 This one now today is plus four, as was the New York Times.

00:41:04.240 And we're seeing it bear out in the states.

00:41:06.460 I purposely was dragging my feet in Pennsylvania because I wanted to wait for that debate.

00:41:11.020 And I'm someone who says debates often are overstated as far as their impact.

00:41:14.780 But once in a while, you can get a really monumental moment.

00:41:18.320 And I think we saw that with Fetterman.

00:41:20.360 Wait until people see the you know, we ask people, who do you think want it?

00:41:24.720 First of all, almost 60 percent of voters in the state of Pennsylvania say they have at

00:41:29.260 least seen most of that debate at this point.

00:41:32.600 And Oz is probably going to have 70 percent almost of people say that they believe he won.

00:41:39.560 And there is very clear movement, you know, toward toward Oz in that race. 0.97

00:41:44.820 He's he's picked it up.

00:41:46.260 Breaking news here.

00:41:48.840 Brass must and puts out the poll in Georgia.

00:41:52.080 Brian Kemp up by 10.

00:41:54.520 Stacey Abrams at 41.

00:41:56.040 It's the end of the Stacey Abrams phenomenon.

00:41:58.240 Herschel Walker up three.

00:41:59.520 She's done.

00:41:59.960 But here to me is the most important thing.

00:42:01.520 Independence.

00:42:02.100 This is what we're talking about.

00:42:02.680 The breaking the last two or three weeks, the inflection point.

00:42:05.480 Independence for Senator Walker up 14 among independents.

00:42:10.360 Independence for Governor Kemp up 17.

00:42:13.380 Up 17 and up 14, Brian Kemp.

00:42:16.460 And this is one of the things Brian Kemp leading the way with, you know, as we said, some of

00:42:21.100 these governors, some of the senators is frickin fracking.

00:42:23.440 He's up by 10.

00:42:24.520 He's certainly obviously helping Herschel Walker.

00:42:27.540 Your sense of Georgia.

00:42:28.780 You've been all over that state.

00:42:29.920 Your sense of your sense of Georgia.

00:42:31.940 It actually is amazing how close Rasmussen's numbers are are to our last poll in in Georgia

00:42:38.860 before all of the Daily Beast articles hit Walker.

00:42:42.420 And I had strongly suspected that as we got closer to the election, none of that would

00:42:46.980 matter.

00:42:47.700 None of it would matter.

00:42:48.880 And if he if he even gets worn out to a runoff, it's over because in the history of Georgia,

00:42:53.680 we know what happens in runoffs for Senate incumbents.

00:42:56.740 They don't make it right.

00:42:57.940 And it's December 5th.

00:42:58.980 It's not January 5th.

00:43:00.580 December 5th is a much better time to hold a runoff.

00:43:03.160 But at this point, Steve, look at that generic ballot.

00:43:05.740 He may win it outright anyway.

00:43:07.060 I know of two other polls.

00:43:08.460 One is not public yet.

00:43:09.640 The other one is from More Information Group.

00:43:11.660 They also have Walker up by four.

00:43:13.540 And the University of Georgia has some carrying Hispanics in Georgia.

00:43:18.160 OK, hang on for a second.

00:43:19.700 Cortez and Barris on the other side in the war room.

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00:45:25.220 Okay, we got so much going on.

00:45:28.580 Remember this week, and we're going to have wall-to-wall coverage on the most important

00:45:32.560 election in this hemisphere outside the United States.

00:45:34.740 It's going to be Bolsonaro and Lula, Financial Times Day, the right-wing machine Bolsonaro built.

00:45:42.140 Okay?

00:45:42.420 And this is a populist nationalist machine down in Brazil.

00:45:45.960 Of course, the FT ain't happy about that.

00:45:47.620 But it's predicated upon, wait for it, evangelical Christians.

00:45:52.060 And in this article, which is amazing, we're going to get Terman on at the bottom of the hour.

00:45:55.940 It talks about, it's so powerful what Bolsonaro has built around the evangelical movement that even Lula, who's a hardcore Marxist, CCP, transnational criminal,

00:46:08.700 is actually had to make inroads to try to thwart the power of the evangelical Christians in Latin America.

00:46:17.140 And I've got to tell you, as heavily Catholic as those countries were, and Cortes knows this, I've got to give a hat tip to the evangelical movement.

00:46:25.220 It has been on fire in Latin America, and it has turned into a political force for good in Brazil.

00:46:31.720 We're going to talk a lot about that.

00:46:32.820 This election on Sunday, but if you're an evangelical Christian or traditional Catholic, got to go all in on Sunday for this incredible race between a hardcore atheistic criminal Marxist and Lula and Bolsonaro, who is the forces of light.

00:46:49.700 And it's going to be a, this is going to be a heavyweight title fight, all hurtling towards its conclusion.

00:46:54.620 Bolsonaro, as Cortes knows, by the corporate media was down seven, talking about polling, was down 17 points, quote unquote, before the, before the first round.

00:47:05.180 So this one, Terman's going to be on, we're going to be covering this nonstop.

00:47:08.300 This is why Getter is so important because the media down there is all locked up by the Supreme Court.

00:47:13.500 We've got the voice of Getter and we're getting huge audiences on it.

00:47:16.700 So make sure you join us.

00:47:18.600 Cortes, you've got some, you've got some, some of your great cross tabs in this USA Today poll.

00:47:23.820 Give us some scoops.

00:47:25.060 Yeah, there's some fascinating details in here.

00:47:27.240 And by the way, just to put this in context, because Rich Barris mentioned how it is now R plus four, the Republican generic ballot is leading by four.

00:47:34.340 In this same poll, it was R minus four as recently as July.

00:47:38.440 So we've seen an eight point move on generic ballot.

00:47:41.820 That's a massive move in just a few months.

00:47:44.320 And I believe it's primarily because of inflation.

00:47:46.060 And I say that, and here's my evidence to back that up, because also within this poll regarding what, what Rich mentioned about the people of the United States,

00:47:53.700 knowing that we are in a recession, this USA Today poll shows 66% of Americans say that we are right now in a recession or a depression.

00:48:03.340 Two out of every three Americans, because they know what is happening in their own lives, Steve.

00:48:08.180 They know what's happening in their bank account.

00:48:10.220 They know that they can't afford things.

00:48:11.880 According to Bloomberg News, one in six Americans right now is delinquent on their power bill, the most basic bill in any person's life.

00:48:20.120 And they are facing, again, I'm quoting Bloomberg, a tsunami of shutoffs.

00:48:24.520 That's the reality right now.

00:48:25.680 And that reality, by the way, of course, is even worse for minorities.

00:48:29.360 So when we talk about Hispanics rallying to the America First agenda, I'm most enthused, of course, because they're attracted to our muscular sovereignty and our economic populist nationalism.

00:48:38.780 But let's be honest, too, it's also because they are suffering right now.

00:48:43.440 And that is also reflected in this poll.

00:48:45.960 If we look within Hispanics, within the USA Today poll, six out of 10 Hispanics say that they are forgoing or canceling vacation.

00:48:54.240 Six out of 10 said that they are driving less right now.

00:48:58.200 44% of Hispanics in the USA Today poll say their top issue is the economy.

00:49:03.840 You know, Hispanics, Steve, one of the things I'm really proud of of the Hispanic community is that we are the most entrepreneurial demographic by far in America.

00:49:10.700 We love to start new businesses, mom and pop operations that we hope become much bigger than that.

00:49:16.140 Well, Joe Biden has crushed entrepreneurialism in America.

00:49:20.020 He has smashed small business because inflation, it's a problem for everybody.

00:49:24.020 But it's a killer for small businesses, many of whom are run by Hispanic Americans. 1.00

00:49:29.220 And that's being reflected in the details of this poll.

00:49:31.900 It's part of the reason why, Steve, and look, this is not my nature to just sort of gush with optimism about something that hasn't happened yet, about an election that is still days away.

00:49:40.520 Steve, we are going to rob.

00:49:42.840 We are going to win every one of these close races.

00:49:45.640 And we're going to pick off a few races that we didn't think were close.

00:49:48.780 Believe me.

00:49:49.360 Now, I don't want any complacency out there.

00:49:51.160 Everyone needs to hustle.

00:49:52.220 Everyone needs to work and pray.

00:49:53.700 But believe me, it's within our grasp to have an absolute, not just wave election, a title wave election.

00:49:59.200 A title wave, by the way, the Pennsylvania situation with the mail-in ballots, we're going to get to that.

00:50:05.580 We've got Cleta Mitchell on next hour. 1.00

00:50:07.420 Carrie Lake.

00:50:08.360 Katie Hobbs down 11 by the latest Fox poll.

00:50:11.160 She's saying, oh, Carrie Lake broke into my headquarters, you know, like Watergate, something.

00:50:14.660 Carrie Lake's going to put her on blast. 1.00

00:50:16.640 We're going to show that.

00:50:17.880 Barris, you're back in the field, I think, in Nevada, Arizona, Wisconsin.

00:50:23.700 Show us a little ankle.

00:50:24.820 I know these are coming out.

00:50:25.780 We want to hold them to get the big scoops when you break them.

00:50:28.560 But what's your sense that you're in the field again from the first time that you did it, sir?

00:50:34.420 From the first time we did it, if people remember, I was showing them, you know, the margins that we had found at the time, but really focusing heavily on who was still undecided.

00:50:43.660 And what was their sentiment?

00:50:45.060 Did they approve or disapprove of Joe Biden?

00:50:47.000 What was their number one issue?

00:50:48.520 Did they care about abortion or did they care about inflation?

00:50:51.180 And from people, you know, from their recollection, they should remember this was these were people who overwhelmingly disapproved of the job Joe Biden was doing and were negative on the economy and they were voting on the economy.

00:51:03.360 So the results that we're going to that everyone's going to see real soon shouldn't surprise anyone.

00:51:08.780 And I want to just say I want to if I have time to just add this real quick, you know, we're talking about Bolsonaro and in Brazil and these conversions to evangelicalism.

00:51:17.580 There's some traditional Catholics, Hispanic Catholics that are upset with the Catholic Church and have moved over to Protestantism.

00:51:24.220 We have this effect in in the United States as well.

00:51:28.900 And it bigly really in Texas and Florida.

00:51:31.280 Yeah.

00:51:31.560 In Texas and Florida, it was they were like leading indicators.

00:51:34.980 But now we are seeing that in states like Nevada.

00:51:37.780 And really, again, I'll tell you what you call a Hispanic male working class voter in Clark County, Nevada right now.

00:51:44.660 And they're going to tell you what woke what?

00:51:47.640 I just don't have the time or the money to worry about what pronoun these people want me to use.

00:51:54.020 I am not concerned with any of that stuff.

00:51:56.800 I need to pay my bills.

00:51:58.080 One actually pointed out that in Nevada, the inflation is double the national average.

00:52:03.460 So these these are people who I don't know. 1.00

00:52:05.440 The Democrats thought they were stupid, easily distracted. 1.00

00:52:08.160 It's poetic. 1.00

00:52:08.960 Big time stupid. 1.00

00:52:09.820 They took advantage. 1.00

00:52:10.760 By the way, the Democrats took advantage of the black community.

00:52:14.440 They took advantage of the Hispanic communities, no doubt. 1.00

00:52:16.400 And now they're getting payback.

00:52:17.880 Barris, how do people get to you?

00:52:19.200 Because, brother, you are the best.

00:52:22.160 Getter in truth, that people's pundit.

00:52:24.020 But the best place, of course, to follow me is in is that locals people's pundit dot locals dot com.

00:52:31.100 Thank you, brother.

00:52:32.220 Ninety second break.

00:52:33.540 If you thought the first hour was lit, you ain't seen nothing yet.

00:52:37.980 We've got it all in the second hour of the war room.

00:52:41.640 Be back in 90 seconds.

00:52:42.840 See you then.

00:52:43.160 Let's take down the CCP.

00:52:45.540 Spread the word all through Hong Kong. 0.81

00:52:48.320 We will fight till they're all gone.

00:52:50.860 We rejoice when there's no more. 0.95

00:52:52.740 Let's take down the CCP.

00:52:56.400 War room posse. 0.99

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Bannon's War Room - October 27, 2022

Episode 2258： We Are Witnessing The Last Gasp Of The Consumer; Biden;s Inflation Is Crushing Entrepreneurs

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