Bannon's War Room - Episode 2377： Where The Market Falls Leading Into The Holidays

00:00:01.000 This is the primal scream of a dying regime.

00:00:06.000 Pray for our enemies.

00:00:08.000 Because we're going medieval on these people.

00:00:11.000 You're just not going to free shot at all these networks lying about the people.

00:00:15.000 The people have had a belly full of it.

00:00:17.000 I know you don't like hearing that.

00:00:19.000 I know you've tried to do everything in the world to stop that, but you're not going to stop it.

00:00:21.000 It's going to happen.

00:00:23.000 And where do people like that go to share the big line?

00:00:26.000 Mega Media.

00:00:27.000 I wish in my soul, I wish that any of these people had a conscience.

00:00:32.000 Ask yourself, what is my task and what is my purpose?

00:00:36.000 If that answer is to save my country, this country will be saved.

00:00:43.000 War Room. Here's your host, Stephen K. Back.

00:00:50.000 Close of the day, but a pretty broad and pretty ugly sell-off in reaction to the Fed.

00:00:56.000 The ECB, a weaker retail sales number, and the fear of higher rates for longer.

00:01:02.000 That's it for me on Closing Bells.

00:01:03.000 See you tomorrow into Overtime with Scott.

00:01:05.000 Oh, they're cheering down here.

00:01:09.000 I don't know if it's worthy, though, given this market action.

00:01:12.000 Welcome to Overtime.

00:01:13.000 I'm Scott Wartner.

00:01:14.000 You just heard the bells.

00:01:15.000 We are just getting started from Post 9 here at the New York Stock Exchange.

00:01:20.000 Where stocks had an absolutely miserable day.

00:01:23.000 Edgar Denny is going to join us in just a bit to try and make sense of it all.

00:01:26.000 Tell us what he thinks might happen next.

00:01:28.000 Adobe earnings also crossing any moment now.

00:01:30.000 The tech space wrecked big time today, too.

00:01:33.000 We'll have that report.

00:01:34.000 The stock move, of course, that follows there.

00:01:36.000 We begin, though, with our talk of the tape.

00:01:38.000 How bad might it get for your money at a time when some were planning for a year-end rally?

00:01:42.000 Let's ask Cantor's Eric Johnston, who was not in that camp.

00:01:46.000 He made his case a couple weeks ago.

00:01:48.000 Stocks had some major pain ahead.

00:01:50.000 He's here with me on set at Post 9.

00:01:53.000 It's good to see you again.

00:01:54.000 Good to see you, Scott.

00:01:55.000 You nailed it.

00:01:56.000 CNBC guy.

00:01:57.000 Thank you.

00:01:58.000 It is Thursday, 15 December, year of our Lord, 2022.

00:02:01.000 The called shot of Steve Cortez.

00:02:03.000 Reality finally sets in to Wall Street, sir.

00:02:07.000 This was directly driven by something we've talked about on the show a lot, right?

00:02:12.000 The consumers finished, tapped out.

00:02:14.000 This Christmas is going to be a tough Christmas.

00:02:16.000 Talk to me about retail, that all of a sudden, all the skipping around and the kind of happy talk you've heard the last couple of days since the Fed got up there.

00:02:24.000 Reality struck today?

00:02:25.000 Yes, unfortunately.

00:02:26.000 The cold, harsh reality, the wet towel of economic data showing that the American consumer, as we have been talking about, as we've been demonstrating with numbers, with evidence and data, the American consumer is absolutely spent, particularly middle and lower income Americans.

00:02:41.000 That was validated today by retail sales, which missed by a mile for the month of November, which, of course, is a crucial month into the Christmas shopping season.

00:02:50.000 We'll show some of the specifics here on the data.

00:02:53.000 But, Steve, it was just a beatdown for the markets then because of this awful data.

00:02:56.000 The Dow Jones lost 764 points.

00:02:59.000 The semiconductor sector, Steve, down almost 4% on the day in absolute free fall.

00:03:05.000 So there was a bit of euphoria in markets on Tuesday at the seemingly better inflation print.

00:03:11.000 But as we pointed out very carefully, if inflation has indeed peaked, and I suspect it has, it's not getting good, okay?

00:03:16.860 It's not turning into a good situation.

00:03:18.280 It's still a crisis, but it's less intense of a crisis.

00:03:21.060 But if that is the case, Steve, it's only because the economy is absolutely imploding, okay?

00:03:25.940 It's not because of any policy change.

00:03:27.840 They've done what they've tried to do, which is the destruction of aggregate demand, which is basically the ability to buy things.

00:03:35.000 Right, exactly.

00:03:35.580 So let's show some of this, by the way, in chart form.

00:03:38.220 First, let's go to chart one.

00:03:39.660 And this is actually, before we get to the retail sales, this is Philadelphia Fed.

00:03:43.180 So first, let's talk about the business side of things before we get to the consumer side of things.

00:03:47.320 And this is the Philadelphia Federal Reserve Index of new orders.

00:03:51.580 As you can see on that chart, it has now been negative for seven months in a row.

00:03:57.080 And today, it hit the lowest level since the lockdowns in the spring of 2020.

00:04:00.980 If you take out those couple of months, March and April of 2020, Steve, this is the lowest for manufacturing new orders since 2008, since the great financial crisis.

00:04:10.740 Okay, so that was released today.

00:04:12.180 And that would be bad enough on its own, on the business side, on the manufacturing side of things.

00:04:16.200 But then when we look at the consumer side of things at retail sales, the news got only worse.

00:04:20.140 Let's go to chart number two.

00:04:21.580 This is retail sales, and I've broken it down by category here.

00:04:24.760 And as you can see on these categories, autos down 2.3%, building materials down 2.5%, furniture down 2.6%.

00:04:32.220 And compare that to the prior month, how much we have deteriorated just from October to November.

00:04:38.340 It's pretty intense.

00:04:39.320 So what was the market reaction like?

00:04:41.040 Well, let's go to chart number three.

00:04:42.200 This is the Dow Jones Industrial Average.

00:04:44.020 And this is a micro chart.

00:04:45.780 These are only five-minute bars.

00:04:47.220 I'm only showing you the last three days.

00:04:48.520 Normally, when I show charts, I like to show a lot of context and, you know, years and years or even decades.

00:04:52.520 But in this case, I think it's important here to actually take a very micro view because, again, there was that euphoria.

00:04:56.880 Okay, at the far upper left-hand side of that chart, when the Dow opened up, extremely exuberant on, again, the slightly less terrible inflation news on Tuesday.

00:05:06.500 But what has happened ever since?

00:05:07.820 Well, it has gotten absolutely gobsmacked, right, off 1,500 points of Tuesday morning's early high in just three days.

00:05:16.300 That's the reality.

00:05:17.060 And then let's go to one more.

00:05:18.000 Let's look at a sector.

00:05:19.120 This is chart number four.

00:05:20.160 These are the regional banks, which we've shown before on the war room here.

00:05:23.640 And I think this is an important sector for us to watch.

00:05:25.500 Why are regional banks important for people to look at?

00:05:27.720 Because they're so domestically focused.

00:05:29.180 Okay, so the big banks are so global.

00:05:31.080 Money center.

00:05:31.440 Yeah, the money center banks, the J.P. Morgans and Goldman Sachs.

00:05:33.620 This is, you're getting a global read when you look at their numbers, when you look at their stock.

00:05:37.920 These are the regional banks in the United States that are overwhelmingly domestically focused.

00:05:42.920 And I think a far better read on what's actually going on with Main Street, what's going on with home mortgages, with lending to small business.

00:05:49.200 This is a far better reflection.

00:05:50.720 And unfortunately, in this case, a very dour reflection, frankly, of what is happening on Main Street.

00:05:56.020 As you can see, the KRE, which that's the ETF, the exchange-traded fund, in one ticker, you get all the regional banks jumped together.

00:06:02.600 When we look at that, it has been absolutely decimated.

00:06:06.180 That is simply the reality right now.

00:06:07.660 That hit a new fourth quarter low.

00:06:09.600 It's not quite a new 2022 low, but a new low for the fourth quarter.

00:06:13.100 So the reality is the Biden economic crisis, Steve, continues to intensify.

00:06:18.240 This puts all the more onus and urgency on this incoming House GOP.

00:06:22.660 And I've had a lot of really constructive meetings with some of our greatest fighters on Capitol Hill, including these last couple of days, including Matt Gaetz and Marjorie Taylor Greene.

00:06:30.140 And I impressed upon them, too, the urgency to start to rectify, to start to address this systemic crisis, this deepening crisis.

00:06:37.800 And to me, the most powerful and quickest method to start to attack this inflation would be through unleashing American energy again, something that I believe is doable and something where if we bring the Democrats to the brink, if we say, listen, we will not fund – I think border has to be number one.

00:06:54.660 But to be number two is energy and say we will not fund any of your initiatives unless you once again unleash the full power of domestic American energy.

00:07:02.720 I want to pull back for a second and talk about the American – the little guy, the American consumer and the bond market, the inverted yield curve.

00:07:13.640 There is a – now you've seen the stock market, but there's been a basically a vote of no confidence right now in the Biden.

00:07:20.300 And I want everybody to understand this.

00:07:21.540 This is not you and I saying it.

00:07:23.060 This is the hard metrics that are out there.

00:07:25.080 The consumer, now you've got the retail.

00:07:27.180 Now, you've got the inverted yield curve.

00:07:30.060 Talk to us about that, about what is that signaling to us as far as the bond market, which is 10x, the stock market, the bond market's reaction to Biden's policies.

00:07:41.280 Yeah, and I would say to folks out there, listen, if you pay attention to financial markets, probably you follow the stock market a lot more closely than the bond market, which is understandable because, frankly, it's just more interesting.

00:07:49.440 I mean there's much sexier stories in the stock market, but guess what?

00:07:53.780 Bonds matter so much more for your life because unless you're a very wealthy American and you have a ton of assets in the stock market, let's face it, day-to-day fluctuations in the stock market just don't matter that much to most people, don't matter that much to Main Street and to small business.

00:08:05.960 But interest rates matter absolutely enormously to every single debt you have in your life, whether it's your mortgage, credit card bill, and the inverted yield curve, this phenomenon that's very unusual historically, and historically has an almost perfect record of predicting deep, deep recessions.

00:08:21.940 An inverted yield curve means that short-term rates have risen higher than long-term rates.

00:08:26.280 Now, why does that happen?

00:08:27.240 Why does that inversion, that peculiarity happen?

00:08:29.640 Well, it's because the Fed is aggressively raising interest rates to try to fight the inflation that it helped create, along with Joe Biden.

00:08:35.940 At the same time, the bond market is very pessimistic about the long-term trajectory of the economy, so long-end rates are not rising.

00:08:42.640 So that is known as an inverted yield curve.

00:08:44.360 By the way, it's not a little bit inverted, Steve, okay?

00:08:46.700 It is massively inverted.

00:08:48.440 It's almost a full percentage point.

00:08:50.180 We're down at minus 80 bips, meaning eight-tenths of a percentage point in the yield curve right now.

00:08:56.080 And it's an incredibly ominous sign for the U.S., for the world.

00:08:59.620 And adding to that, by the way, the global aspect of this, China is an absolute freefall.

00:09:04.000 And I think some folks out there in the audience who hate CCP might say, hey, isn't that good news, Cortez?

00:09:08.400 Listen, it's good news if it takes down the CCP eventually, which it may.

00:09:11.900 But in the near term for the U.S. economy, unfortunately, because we are so deeply intertwined with China, no, it is a very negative economic force, the fact that China is imploding at the same time we are cratering.

00:09:22.440 Correct me if I'm wrong.

00:09:23.560 This is the biggest inverted yield curve since 1982?

00:09:26.660 Yeah, correct.

00:09:27.280 And everybody remembers, 1982 is when Volcker and Reagan, steely-eyed, trying to wring inflation out of the economy.

00:09:34.160 That was getting down to the depths of that stagflation, and then it came back.

00:09:39.120 But you've got to go through a lot of carnage to get there.

00:09:41.840 And by the way, I would argue, Steve, that the situation is worse now.

00:09:44.720 As bad as things were in the late 1970s and the early 1980s, the situation is much worse now.

00:09:49.940 And by the way, a lot of it because of China and because of globalism.

00:09:53.160 So, for example, we still controlled the important manufacturing processes back then, right?

00:09:57.420 We still made the critical goods that we needed.

00:09:59.900 We're a manufacturing superpower.

00:10:01.500 Yeah, here in the United States.

00:10:02.420 That's one critical difference.

00:10:03.320 The other massive difference is we weren't indebted, or at least not to any significant degree.

00:10:07.780 Virtually a creditor nation.

00:10:09.000 Yeah, basically, right?

00:10:09.740 Basically a creditor nation.

00:10:11.020 The exact opposite.

00:10:12.080 We don't have a balance.

00:10:12.740 The exact opposite with $30 trillion in debt.

00:10:14.460 And I know you've been properly informing the audience, Steve, about, look, last month we had a massive deficit.

00:10:21.900 Quarter of a trillion dollars.

00:10:23.120 $250 billion.

00:10:24.080 Could you ever imagine that number?

00:10:26.280 Listen, it's a big number for a year, right?

00:10:28.400 Much less a month.

00:10:29.160 And a big part of that is the massive increase in debt service costs because of interest rates rising, right?

00:10:34.700 So year over year, our total debt service costs up 53%.

00:10:38.740 The two things that did it was the increase in debt service costs and a plummeting of tax revenues because of the destruction of aggregate demand.

00:10:45.940 I call it the Malachi crunch for those who are Happy Days fans out there.

00:10:49.340 No, it's – so here's – let's bring it up to the very moment.

00:10:54.180 Right now on Capitol Hill, you have them, and they're pulling every trick in the book, every trick in the book to get a – and we called this here five months ago.

00:11:03.340 We said it's going to be between 1.5 and probably closer to $2 trillion.

00:11:06.260 The number they've – and they've only leaked the number.

00:11:08.540 They haven't leaked the details.

00:11:09.580 1.7, and Steve, that's without the financing cost, right, which is going to be another $800 billion.

00:11:14.860 You're talking about on top of 3.5 in transfer payments, Medicare, Medicaid, Social Security, you're going to add another two to two and a half.

00:11:22.220 That's five and a half or $6 trillion.

00:11:25.940 That's a massive short-term stimulus plan.

00:11:29.000 This is what I don't get.

00:11:30.060 The schizophrenia between the fiscal side and the monetary side is just going to lead us down this road to destruction.

00:11:35.340 Right. No, absolutely.

00:11:36.320 So trying to squeeze out inflation, right, on one side and then massively stoking inflation on the other side.

00:11:41.980 It makes absolutely no sense.

00:11:43.260 It reminds me a lot of the Ukraine situation where NATO's funding both sides of the war over there.

00:11:47.060 But getting back to here and to the U.S. economy, not only is this monstrosity of a bill, this omnibus – not only is it massively inflationary, Steve, but even maybe worse,

00:11:55.260 it is also an absolute handcuff upon the incoming GOP House.

00:11:59.900 It takes away so much, if not all, of the leverage that they will have to do things like the border and unleashing American energy over Joe Biden.

00:12:07.100 And so these Republican senators –

00:12:08.240 Because you're saying right now you've got to have full confrontation.

00:12:12.060 If you want to get the energy thing passed, you've got to be able to confront them on these crazy sustainability and Green New Deal things.

00:12:18.680 And if you want to do the border, we'll get to that in the next segment.

00:12:21.940 You see the Mac Daddy on Drudge.

00:12:23.520 We can put that up in the next segment.

00:12:25.260 There is now a full-on invasion.

00:12:26.820 Right.

00:12:26.900 And you're going to have to bring – and they're saying, oh, it's not a problem.

00:12:29.460 It's not an issue.

00:12:30.400 You're going to need a leverage point to bring them to the table.

00:12:33.080 And this leverage point is to defund –

00:12:34.900 And right now, Republican senators are preparing to surrender that leverage point.

00:12:39.780 That's the reality.

00:12:40.460 That's why we need the entire audience out there to pressure these Republican senators, some of whom, by the way, are literally on their way out the door.

00:12:47.320 And they want this to be their shameful valedictory action, right, to essentially neuter the decision, the mandate of the American people who, thank God, are giving the gavel over to Republicans.

00:12:57.460 But again, that gavel is going to come with enormous restrictions if this omnibus passes.

00:13:01.720 So it's not just terrible economic policy.

00:13:03.780 It's also absolutely political handcuffs.

00:13:05.900 What it would do, Steve, it would effectively make the political carcass of Nancy Pelosi still the Speaker of the House.

00:13:11.940 For one year.

00:13:12.720 You're given – in her dead hands, you're putting the Speaker's gavel on what's most important,

00:13:16.400 which is the appropriation of cash money, right?

00:13:19.520 This is – by the way, the 12 collaborationists that did the – what are your thoughts on the Marriage Equality Act?

00:13:25.720 Well, it shouldn't be called that, of course, right, respect for marriage act, whatever the misnomer is,

00:13:30.760 because it was an attack on religious liberty and specifically an attack on Christian churches.

00:13:34.600 And believe me when I tell you that this ridiculous law is going to lead to a knock on the door of rectories

00:13:40.480 that dare to uphold millennia of truth, of Judeo-Christian truth, that marriage is between a man and a woman.

00:13:46.480 But the same – I think the point you were making, Steve, is the same cast of characters,

00:13:50.140 the same dozen or so scoundrels, right, who voted for that monstrosity are the same ones who are now trying to vote for this.

00:13:55.540 And voted for – and voted back in March of 2021.

00:13:59.420 We sat right here on the show and said this thing is going to be – explode because aggregate demand is –

00:14:04.540 you can't put this money on top of it because it's starting to come back.

00:14:08.680 The same guys that did the American Recovery Act, the same 12, the same backed on the infrastructure,

00:14:13.840 the same backed the marriage equality.

00:14:15.320 It's basically a moving cast of about 8 to 14 of these senators that are all collaborationists.

00:14:20.880 You know, Newt does this big article about Biden's this.

00:14:23.320 He's wonderful.

00:14:23.740 They don't put anything in there.

00:14:25.240 He's a creation of Mitch McConnell's Senate.

00:14:28.100 The number is 202, 224, 3-1-2-1.

00:14:32.220 I put up today the chart from the Hill where the senator is saying, you know, with anonymity,

00:14:38.640 hey, what they hate is people calling up their offices, making them uncomfortable.

00:14:42.080 That would be you.

00:14:42.820 Even the guys leaving.

00:14:44.000 Burr and these guys saying, hey, this stench is going to trail you, bro.

00:14:48.620 Short break.

00:14:49.320 Cortez is in for another block.

00:14:51.000 We're only in the war room.

00:14:53.740 We rejoice when there's no more.

00:14:56.580 Let's take down the CCP.

00:14:59.800 Will the lack of a red wave during the midterms lead to a more emboldened Biden,

00:15:04.500 more wasteful government spending, higher taxes, a deepening of inflation?

00:15:08.740 And how do you protect your hard-earned savings from chaotic financial markets?

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00:16:01.980 Do it today.

00:16:03.140 Take action.

00:16:04.020 Use your agency.

00:16:04.980 Host Stephen K.

00:16:06.480 If we don't have free speech, then we just don't have a free country.

00:16:17.760 It's as simple as that.

00:16:19.360 If this most fundamental right is allowed to perish,

00:16:22.380 then the rest of our rights and liberties will topple, just like dominoes, one by one.

00:16:28.440 They'll go down.

00:16:29.820 That's why today I'm announcing my plan to shatter the left-wing censorship regime

00:16:35.640 and to reclaim the right to free speech for all Americans.

00:16:40.320 And reclaim is a very important word in this case because they've taken it away.

00:16:45.720 In recent weeks, bombshell reports have confirmed

00:16:48.580 that a sinister group of deep state bureaucrats, Silicon Valley tyrants,

00:16:53.880 left-wing activists, and depraved corporate news media

00:16:57.780 have been conspiring to manipulate and silence the American people.

00:17:03.120 They have collaborated to suppress vital information on everything from elections to public health.

00:17:11.340 The censorship cartel must be dismantled and destroyed, and it must happen immediately.

00:17:18.580 And here is my plan.

00:17:20.240 First, within hours of my inauguration, I will sign an executive order

00:17:25.260 banning any federal department or agency from colluding with any organization, business, or person

00:17:31.760 to censor, limit, categorize, or impede the lawful speech of American citizens.

00:17:39.460 I will then ban federal money from being used to label domestic speech as mis or disinformation.

00:17:46.680 I want to put—it's six minutes long, and we're going to play this whole thing probably in the second hour.

00:17:50.980 It's very powerful, and it's to the point.

00:17:54.620 And I've asked Dr. Seb Gorka to join Cortez and myself.

00:18:00.720 My issue with this is the time is very—you know, we've got the revelations out of Twitter, Seb, and Steve,

00:18:11.080 and we've got the—but that is not a censorship issue.

00:18:15.860 That is a government—this is a coup from a government.

00:18:19.620 That is the issue.

00:18:20.400 We should never take our hour off the ball on that.

00:18:23.020 But, Seb, I want you—because I like the plan.

00:18:24.960 I like the plan, but, hey, baby, we ain't got to 2025 to put this in with executive orders.

00:18:30.960 We've got to get on it now.

00:18:32.220 And that's why I need our beloved president to come in here and say, boom, no Omnibus,

00:18:38.100 and we're going to be zeroing out the FBI, DOJ, DOHS, and everybody associated with this crap is going to get zero.

00:18:45.660 Seb Gorka.

00:18:47.380 So I opened the show with this because—to drop this video, which is a substantive video,

00:18:54.520 it's a good policy platform for 2024, but to do that when this stupid NFT thing was dropped the same day,

00:19:04.200 I had Sargon of a card on my show today, and I said, hey, what do you think of this new First Amendment video from the president?

00:19:10.360 He said, what First Amendment video?

00:19:13.080 This is a guy who follows American politics with a magnifying glass.

00:19:17.340 And as soon as I saw this thing drop, I texted Mar-a-Lago, I texted the comm team, and I said,

00:19:23.000 who the hell had the idea for this NFT thing?

00:19:26.560 And then I get a response from the team, no name, saying, oh, it's a business partner of the president's.

00:19:32.120 What?

00:19:32.480 And they didn't run it past Mar-a-Lago.

00:19:34.660 I mean, the sheer insanity.

00:19:36.040 We need serious people because the republic's fabric is in danger.

00:19:41.640 If Steve Bannon isn't at Mar-a-Lago, if Newt Gingrich isn't at Mar-a-Lago, at least Cash Patel or somebody sane should say,

00:19:49.520 guys, can you hold the Superman cartoons until we've got some freedom of speech back first?

00:19:58.860 Yeah, go ahead.

00:19:59.700 By the way, screw the business partner.

00:20:01.180 I want to hear about that right now.

00:20:02.300 This thing was so powerful, and you're absolutely correct.

00:20:04.600 People have been blowing up on the NFT.

00:20:06.340 We're going to play that in a second.

00:20:07.720 Nobody even talked about this.

00:20:08.920 This is the most substantial policy thing he's come out with.

00:20:11.680 Bingo!

00:20:11.800 No, a substantial and correct policy address was completely drowned out by marginalia, right?

00:20:19.480 And what we need right now is maniacal focus.

00:20:21.800 Why?

00:20:22.080 Because we are losing our country.

00:20:24.460 We have an open border.

00:20:25.520 We have an economy that is tanking, and we have depraved indoctrination of children going on at our country right now.

00:20:31.000 That's what time it is right now in America.

00:20:32.960 And we need focus, including focus from the 45th president, who should be devoting all of his political capital right now to stopping this omnibus.

00:20:42.420 100%.

00:20:42.820 I'm going to play the NFT, and then if you haven't seen it, we'll play a little bit of the NFT, and then I want to bring Sub back in.

00:20:49.060 And Steve.

00:20:49.520 Hello, everyone.

00:20:54.160 This is Donald Trump, hopefully your favorite president of all time, better than Lincoln, better than Washington, with an important announcement to make.

00:21:03.000 I'm doing my first official Donald J. Trump NFT collection right here and right now.

00:21:08.280 They're called Trump Digital Trading Cards.

00:21:11.120 Okay.

00:21:11.420 These cards feature some of the...

00:21:13.340 I can't do this anymore.

00:21:14.180 He's one of the greatest presidents in history, but I've got to tell you, whoever, what business partner, and anybody in the comms team, and anybody in Mar-a-Lago, and I love the folks down there, but we're at war.

00:21:25.600 They ought to be fired today.

00:21:28.400 You came out with something that's so important, which I still don't think gets to the heart of it.

00:21:32.100 And, hey, you don't have three harder cores than Cortez, Bannon, and Seb Gorka.

00:21:36.780 So when they're...

00:21:37.740 And we're getting blown up all day on this.

00:21:39.640 Seb, walk me through it.

00:21:40.940 Walk me through your assessment of this, sir.

00:21:42.480 Never should have happened.

00:21:45.920 I mean, look, it's fun.

00:21:47.500 It's hyperbolic.

00:21:48.280 But whoever wrote that, that pitch should be fired and should never be involved in any...

00:21:53.960 I don't want them making the presidential napkins for Mar-a-Lago, okay?

00:21:58.760 Anybody who came up with that.

00:22:00.360 And the president's war chest is pretty strong right now.

00:22:03.520 We've got two years until the actual, you know, inauguration.

00:22:09.320 We don't have time to waste.

00:22:11.420 If you want to do this kind of stuff, you know, have a peon do it, okay?

00:22:16.440 Get somebody who's recognized in the MAGA world to, you know, put their face to this thing and do it.

00:22:22.000 But the president should not be involved with this.

00:22:25.120 When we find out weekly meetings with the FBI, with ODNI, with DHS to censor the most important media platform in America.

00:22:35.640 And, you know, Cash was on my show as well today.

00:22:38.080 He says, where are the real emails, Elon?

00:22:40.240 We don't need this ephemera of the, you know, the Slack channels inside Twitter.

00:22:45.200 We want the FBI emails that are going to Palo Alto saying, nuke this account.

00:22:52.240 Take President Trump down.

00:22:53.940 We know you've got them.

00:22:55.160 Where are they?

00:22:56.060 That's what the president should be talking about day in, day out.

00:22:59.360 That in an era where nobody reads newspapers, where, you know, TV, the best TV show gets 5 million views.

00:23:06.880 Tucker gets 5 million out of 320 million.

00:23:09.980 Twitter is the center of political news, and it is owned, it is run by the FBI.

00:23:16.940 That's what we should be concentrating on.

00:23:19.460 Steve, to that point, or to Seb's point, about the gravity of the moment here, right?

00:23:22.880 And what we are learning, what we long suspected, but now know factually, about the intelligence community's operation to take down a president, right?

00:23:30.420 Via big tech.

00:23:31.380 Big tech isn't really the story.

00:23:32.620 The IC is the story.

00:23:34.360 Hang on for a second.

00:23:35.180 I've got to underline this.

00:23:36.260 There's no doubt.

00:23:37.160 You're not an alarmist.

00:23:38.120 There's no doubt in your mind, as you've seen this information coming up, they were just – the bozos at Twitter were just instruments.

00:23:46.040 This was – on Donald Trump's watch, his FBI director, his Department of Justice had a coup and took him out.

00:23:54.340 No doubt in your mind.

00:23:55.520 Can I just – just one thing, Steve, Steve, Steve, just one thing.

00:24:00.460 Can we just note who's James Baker?

00:24:02.180 James Baker is the guy that Michael Sussman goes to, that Michael Sussman goes to as chief counsel for the FBI.

00:24:10.380 And then he just magically winds up as deputy chief counsel for Twitter.

00:24:15.000 It's a coup.

00:24:16.540 No, listen.

00:24:17.100 It was an intelligence operation.

00:24:18.980 It was a digital insurrection against Donald Trump.

00:24:21.580 And I believe it is at least the second president who has been taken down by the intelligence community, Nixon also being taken down by the IC.

00:24:27.760 He made some bad mistakes.

00:24:28.920 Let me give the honorable mention to John F. Kennedy.

00:24:32.040 And I'll put a pin on that in a second, okay?

00:24:33.980 But to connect us to this video, Steve, okay, this video, which is something that Diamond and Silk would put out, right?

00:24:38.100 Not the 45th president.

00:24:39.320 Not this great man.

00:24:40.360 Donald Trump should not be doing this kind of video.

00:24:41.980 But the video shows a lack of discipline and focus.

00:24:44.780 And to take on the intelligence community is going to require unbelievable, steely discipline and focus for whichever American first president we like.

00:24:51.460 You think the IC community is sitting there and they look at the NFT thing and go, give me a break.

00:24:55.400 This guy's going to break us?

00:24:56.420 Is that what your point is?

00:24:57.880 100%.

00:24:58.280 Seb, brother, you know it better than anybody.

00:25:01.340 Is Cortez right?

00:25:02.580 When they sit there and go, he's got Seb running his mouth.

00:25:05.520 He's got Ben and his hair is already on fire.

00:25:07.180 Cortez, who cares?

00:25:08.680 Trump is selling NFTs.

00:25:11.200 He's, by the way, not the greatest NFT market I've ever seen.

00:25:13.780 But is that what they're thinking?

00:25:15.440 These killers over there, are they thinking, hey, we got Trump?

00:25:19.100 I don't know because so many of them are so arrogant and they're real pikers.

00:25:23.560 I mean, look, Clapper was such a cretin that he gave the residentura, he gave the KGB station chief a pink all-access Pentagon badge in the 1990s as chief of DIA.

00:25:34.680 I mean, these aren't exactly the sharpest tools in the shed, but they're powerful and they're arrogant.

00:25:38.680 So, yes, some of them are laughing, but they're still afraid of President Trump because if President Trump is serious about draining the swamp, remember, five weeks ago at Mar-a-Lago, he literally declared war on the deep state when he said, term limits and no lobbying for members of Congress.

00:25:54.640 That is, you know, the seriousness of his declaration of war.

00:25:59.960 But if he brought people back who were serious, and I don't mean just as advisors, but for actually running a serious shop at Mar-a-Lago, the campaign, I made a little list on the show today.

00:26:09.000 If you were involved, if Joe DiGenova, if Kash Patel, Carrie Lake, Dan Bongino, Rudy Giuliani, you know, if Bernie Kerik were involved, these people would crap their pants inside the IC.

00:26:21.880 So let's have some serious men and women around the president who will make these people fill their diapers, Steve, because we can do it.

00:26:30.640 What should happen? What should happen to Mar-a-Lago?

00:26:34.920 Firing of everybody. By the way, everybody who was involved in this video and also everybody who was involved or at least asleep at the wheel while the dinner with Nazis happened.

00:26:43.240 OK, those people, all of them have to go. They have to go for starters.

00:26:46.980 And then secondly, though, look, we can't absolve President Trump of his responsibility here. Right.

00:26:50.400 It's his campaign. It's his operation. He has to get focused. He has to get really, really focused.

00:26:54.860 And I invite him and beg him to get involved right now in this process of convincing these Republican senators do not pass this.

00:27:02.200 We've already pushed the debt ceiling. I think we've killed amnesty.

00:27:05.980 President Trump's got to get involved in the bus. Real quick, I know you got a punch.

00:27:10.080 You're going to a big gala. Yes, American Principles Project with Terry Schilling, who runs just a fantastic group, having a big Christmas celebration tonight.

00:27:16.780 So really thrilled to go there. And if you don't know APP, please follow them.

00:27:20.000 The best. They're important work. How do they get to you?

00:27:22.060 I'm at Steve on the on the getter. And then on Twitter, I'm at Cortez, Steve Cortez with an S.

00:27:27.160 Always good advice. You're always. And by the way, great on capital markets.

00:27:30.300 You're called shot today. And by the way, people, this is going to get very, very bumpy as the insanity of a massive stimulus bill,

00:27:37.480 which it is at the same time the Fed's jacking interest rates.

00:27:41.040 So we're in we're into it. We're in uncharted territory. President Reagan didn't do that.

00:27:46.280 OK, short break. Seb's going to stick around. Steve, thank you so much for coming, brother.

00:27:50.660 Appreciate it. Always. Always. OK, short break. Seb Gorka on the other side.

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00:29:32.980 Here's your host, Stephen K. Bannon.

00:29:37.480 Okay, Seb, I want to go to the first video where the president made a case about censorship and the First Amendment, freedom of speech, things he's going to do on the afternoon that he's inaugurated in 2025.

00:29:50.240 But to get to the heart of it, because even Jack Dorsey said, hey, they had an activist investor who turned out was Elliott Management.

00:30:03.140 He named the guy, right, which is run by Paul Singer, a renowned hedge fund guy.

00:30:09.740 That it was basically a government operation, government control.

00:30:15.200 That's the words that Dorsey used, not Bannon or Seb Corker.

00:30:18.380 What should the president have included as your recommendation in this video today to talk about the heart of the beast, which is the intel community, the law enforcement community, making a move on him, sir?

00:30:29.720 It's what I said to you, Stephen K. Bannon, about six years ago when we walked into the West Wing.

00:30:39.420 And I said that we have to, in every department of government, find the people who are the most egregious actors when it comes to undermining the U.S. Constitution.

00:30:52.580 And you'll find at least two in every department, even in the Department of Agriculture.

00:30:56.620 And you have them arrested at their desk if they have been undermining the U.S. Constitution.

00:31:03.500 You put them in cuffs and you walk them out of the building in front of CNN's cameras.

00:31:08.080 You have to change the culture of corruption and the deep state in America.

00:31:12.580 You can't get rid of everyone in federal government, but you can change the culture where they believe they get to decide the future of the nation, not the man who was elected by the American people.

00:31:24.440 So he should have said today, number one, which is what, you know, 23-year veterans of the FBI have said on my show, people like Dan Bongino, former Secret Service agents, have said the FBI is unsalvageable.

00:31:35.480 President Trump should have said the FBI is a threat to the freedoms of Americans and its missions, the CI mission, the CT mission, the CRIM mission must be handed over to other federal agencies and it must be dismantled.

00:31:49.520 In the meantime, until I dismantle it, its key aspects that are threatening parents at school board meetings, it is utilizing the Patriot Act Against Innocent Americans, it is targeting people because they are pro-life, must be defunded by the GOP.

00:32:06.700 And when I come back into the White House, we will have the writ of the American people across all federal government and we will not allow the IC to ride roughshod over our rights, whether it's at weekly Twitter meetings or whether it's having 24 FBI agents with M4s in ceramic-plated vests bursting into a pro-life man's home as his seven children are screaming, don't take our daddy away.

00:32:32.220 So there has to be, you know, a political declaration of war against the intelligence community that you saw them, Steve, I saw them every stinking week at the NSC, who never mentioned the president's name, never mentioned what the president wants, but said, hey, I'm the SIS, I'm the SES, I get to decide where America goes.

00:32:51.100 President Trump has to send a message, we are coming after you.

00:32:54.740 Do we have, this is the reason this Omnibus is so important to stop now, because it gives us the anvil of being able to defund these guys, and starting in January 3rd.

00:33:04.980 Do we have, in your opinion, before you punch, can we wait on this until January of 2025, sir?

00:33:13.980 Not, not really, not really, because average Americans will be under attack this Sunday on my show on Newsmax, I'm going to have Joseph McBride, who's the lawyer, the attorney for at least a dozen of the J6 political prisoners.

00:33:29.840 It's happening right now, when people like Matt Perna are choosing suicide, are hanging themselves, young men, instead of taking that six-year enhanced terrorist sentence for doing nothing on January the 6th, we don't have time.

00:33:47.940 That man is a martyr to the republic, and Biden and his DOJ have Matt Perna's blood on their hands.

00:33:54.620 So, no, we, you know, every single patriot's life is priceless.

00:34:00.460 So, we need republicans to step up, to find a backbone, to have that testicular fortitude, and I don't know if Harmeet Dillon can do it, but everybody has a role to play.

00:34:10.920 So, no, 2024 is the ideal case scenario, but we have to start saving the republic every single school board meeting at a time, and it's up to every one of the viewers of the war room, Steve.

00:34:21.940 Don't just watch the war room or listen to my show on Salem.

00:34:25.500 Get engaged.

00:34:27.060 It's your country.

00:34:28.100 If you're not going to save it, who is?

00:34:31.680 Seb, how do people get to your show?

00:34:33.500 How do they get to the podcast, all your writings, all of it?

00:34:37.420 Yeah, the webpage is the easiest one.

00:34:39.880 We have the show up there 24-7.

00:34:41.980 That's sebgorker.com.

00:34:43.220 I'm on all social media except the fascist at YouTube, so you can follow me on Truth Social, Twitter, Instagram, Facebook, and the latest one is the Substack for unique content.

00:34:54.880 That's my whole name is one word, sebastiangorker.substack.com.

00:34:59.640 So, get engaged.

00:35:01.140 Follow us.

00:35:02.020 Listen to Steve.

00:35:02.900 Listen to Cortez.

00:35:04.320 It's up to us, guys.

00:35:05.620 It really is up to us.

00:35:09.700 Dr. Gorker, thank you very much for joining us tonight.

00:35:12.020 Really appreciate it.

00:35:12.560 God bless.

00:35:12.960 Merry Christmas.

00:35:14.160 Thank you, brother.

00:35:15.640 By the way, the number for the Senate switchboard number is 202-224-3121.

00:35:21.160 That's 202-224-3121.

00:35:24.280 We showed you the story from The Hill this morning.

00:35:26.740 It said, hey, they hate getting these calls on this omnibus.

00:35:29.840 It's putting them on the spot.

00:35:30.840 Put your senator on the spot now.

00:35:33.360 I want to bring in Jeremy Hughes.

00:35:34.980 Jeremy, you were the political director, I think, for Nevada.

00:35:38.660 And the western region for the, correct me if I were on, the RNC or the Trump campaign during the 2020 campaign.

00:35:45.000 Is that correct?

00:35:46.700 Yeah.

00:35:47.000 So, I had the western U.S. and Texas for Trump victory in 2020.

00:35:52.540 Trump victory.

00:35:53.680 You've got personal experience I want to talk about.

00:35:55.820 I think you put out a tweet today.

00:35:57.380 I wanted to get you on here about Caroline Wren and some spending that went on.

00:36:02.560 You're saying, hey, all this stuff.

00:36:04.380 We had, you know, we had Harmeet on this morning.

00:36:06.940 We had the, was it Jennifer Van Flair from the, from Red State, who was the writer.

00:36:15.620 And we had Mike Lindell talking about their thoughts on this spending.

00:36:19.520 You've got a different take on it.

00:36:20.800 Because your tweet, I think, caused a lot of consternation around a lot of people.

00:36:25.400 Walk us through what the tweet was.

00:36:27.460 What's the meaning of it?

00:36:28.880 And what's your assessment of things?

00:36:31.680 Yeah.

00:36:31.980 So, basically, I, you know, wake up this morning.

00:36:34.840 I see this article about spending at the RNC.

00:36:37.920 And I start, you know, looking through Twitter, seeing reactions.

00:36:41.520 And what kind of stuck out to me was I see a lot of these people that were outraged, feigning outrage about this, that I know for a fact just, you know, spent way outside the bounds when they had, you know, RNC cards or had the opportunity.

00:36:57.320 And so, you know, for me, I can't stand hypocrites.

00:37:01.860 And I saw this, you know, this tweet from Kurt that basically, you know, oh, my gosh, look at what the RNC was spending on.

00:37:09.360 And, you know, here I remember, to give people a little bit of background, in 2020 after the election, the Nevada Republican Party had set up a war room at an off-the-strip property, really great rate, was being very conscious of spending.

00:37:24.860 And Caroline Wren comes in and says, no, we have to move it to the Las Vegas Strip at the Venetian, which costs a lot more money.

00:37:32.300 You know, it's a really nice resort.

00:37:35.140 And so, anyway, she was calling the shots running the show.

00:37:38.440 We moved it there.

00:37:40.060 And then every day there were three meals catered a day, just bottles of wine everywhere.

00:37:45.700 And so, I see Kurt, you know, being outraged by this.

00:37:50.960 And I'm thinking, this guy was in that war room.

00:37:53.580 I don't really know what he did.

00:37:55.000 He didn't seem to bring anything to the war room besides just – he was just there.

00:38:00.920 And I'm thinking, that's $35,000 that was rung up.

00:38:04.840 And, you know, these people –

00:38:06.560 I just want to make sure the details.

00:38:07.680 I want to make sure people have the context.

00:38:09.080 He says, this was the days right after – in 2020 when the whole thing was up in the air.

00:38:14.520 And you had teams going to Arizona.

00:38:16.220 You had teams going to Pennsylvania.

00:38:18.440 You had, what, Corey and Rudy.

00:38:21.000 And Nevada was going to be a key one.

00:38:22.640 And I think you had – and I think these guys volunteered.

00:38:24.820 Kurt Schlichter volunteered to go out.

00:38:28.420 Schlapp volunteered to go out.

00:38:30.340 I think Ambassador Grinnell went out.

00:38:33.120 And I think Brian Kennedy went out and some others.

00:38:37.980 They all went out, volunteers.

00:38:40.180 The Venetian is Sheldon Adelson's hotel, right?

00:38:43.100 So, I mean, it's not illogical to move there.

00:38:46.600 It's obviously more expensive.

00:38:48.080 I'm sure Sheldon can't because he can't give a contribution like that, can't give you a discount.

00:38:52.920 But there was a massive team of people.

00:38:55.120 There was a massive – and you were one of the head guys.

00:38:57.140 It was a massive team of people because in the urgency of the moment, Nevada – and I think Laxalt joined you guys.

00:39:04.560 He was a local guy.

00:39:05.420 He was not running for the Senate at the time.

00:39:06.800 He was a former attorney general.

00:39:08.660 We thought – and I think everybody thought – and look, I'm still saying they stole Nevada.

00:39:13.400 Like they just stole it from Laxalt here recently because the union's got a system, the old Harry Reid system.

00:39:21.200 So you had a ton of people there, right?

00:39:24.120 And you guys ran, what, a 50-lawyer war room for how many days and trying to turn around.

00:39:30.980 It failed at the end.

00:39:32.660 And Nevada was probably the first one out that we knew, what, two or three weeks later because you guys came back and said, hey, they control the apparatus.

00:39:40.820 They control the unions.

00:39:41.840 And they control the House and the Senate.

00:39:43.480 So this was a call to arms for people to show up, was it not?

00:39:48.320 It was.

00:39:49.240 And we had a space that was big and fit everybody.

00:39:54.240 And we were told it wasn't nice enough.

00:39:57.420 We had to go to the Venetian.

00:39:58.420 So let's leave Kurt out for a second.

00:40:01.920 Is your thing that Harmeet and Caroline and the reporter that there's been a miscommunication here that this spending is not what it seems?

00:40:14.580 You're citing an example, a specific example of a war room that was set up in the moment.

00:40:18.800 But you know the RNC leadership.

00:40:23.040 You've worked with Rana.

00:40:23.940 You've worked with other people, too.

00:40:25.320 You're a consultant that's paid to win, whether it's for Trump or others, to win elections.

00:40:30.600 Is your point that you feel the article was unfair in Red State?

00:40:34.360 Is that your point?

00:40:35.820 Or is it just guys like Schlichter and Caroline Ren and others saying, oh, look at this terrible situation.

00:40:40.980 And they were involved in something in Nevada that you were uncomfortable with?

00:40:46.100 Yeah, well, I think it's a couple of things.

00:40:47.580 One, I think there was details that were glossed over in the story.

00:40:52.360 As you know, the White House Easter egg roll was paid for by the RNC.

00:40:57.480 There were things that were paid for that, you know, the private plane travel was sometimes Air Force One.

00:41:04.140 You know, people had to pay to be on Air Force One.

00:41:06.800 And so those details were conveniently left out of this story.

00:41:10.220 And then, yeah, look, to me, there was a lot of spending that went on in that war room that was not necessary.

00:41:18.920 And, you know, I was told, hey, don't worry.

00:41:20.740 The RNC is picking up the bill because, you know, Caroline, as an RNC finance person, had an RNC credit card.

00:41:26.540 And so she was running the war room, running the show and, you know, buying all the stuff.

00:41:33.100 And so for me, I see these guys now.

00:41:35.140 They're concerned about RNC spending.

00:41:37.020 They weren't concerned in November of 2020 when they were ordering catered, you know, catered meals and bottles of wine from the Venetian.

00:41:43.740 And so the hypocrisy there kind of gets me.

00:41:47.140 And to me, it's like this is who Harmine is set to kind of, you know, she were to win, would run her operation.

00:41:53.320 And for me, it's like putting the arsonist in charge of the fire department.

00:41:57.980 So hang on for one second.

00:41:59.240 I want to go back to because the mementos or the tchotchkes have gotten people's attention, $17 million.

00:42:03.860 Are you saying that there was the White House Easter egg roll and other things like that were underwritten?

00:42:11.400 And that's why the $17 million number looks so over the top, that there are major things here dealing with President Trump at the time of the White House that were underwritten that we're not seeing is not broken out in the detail.

00:42:22.860 Yeah, I mean, you know, you were in the White House.

00:42:24.620 Some of this stuff, there are Christmas parties, congressional picnics.

00:42:28.900 Those aren't paid for by the taxpayers.

00:42:30.360 And so this was stuff the RNC picked up so, you know, the White House could do these things.

00:42:38.900 And so that's why that number, right, because when you look at it at first blush, you're like $17 million.

00:42:43.640 How does that make any sense?

00:42:45.400 Like, you know, there's not enough tchotchkes in the world, I don't think, that a donor, you know, you'd have to give them so many every time over.

00:42:52.160 And so, yeah, I think there was some, you know, this was clearly a hit piece fed to this reporter, which is fine.

00:42:59.260 That's politics.

00:43:00.540 But I think people understanding the full context is important.

00:43:05.300 Jeremy, hang on.

00:43:06.160 We want to hold you through the break.

00:43:07.500 Jeremy Hughes joins us.

00:43:08.800 He's taking umbrage with the reports coming out of Red State.

00:43:13.540 I think Jennifer Van Vond Flair, I think, was the writer we had her on this morning.

00:43:19.040 Mike Lindell, Harmeet Dillon.

00:43:20.920 All of it.

00:43:21.320 Short break.

00:43:21.840 Jeremy's going to join us in the other side.

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00:45:53.640 Okay, Jeremy Hughes joins us.

00:45:55.940 You know, with Trump victory back in 2020, was an eyewitness to all this.

00:46:01.320 You made a comment, Jeremy, before we went to break, that you wouldn't put an arsonist in charge of, what, the fire department?

00:46:07.760 In talking about Harmeet, what do you mean by that?

00:46:10.480 You know, earlier today I saw Harmeet say something, or Benny Johnson on his show say, personnel is policy.

00:46:18.680 And so for me, you know, seeing, you know, when Caroline was Trump victory, RNC finance, you know, the way she would, you know, spend RNC money.

00:46:31.540 And so Harmeet, this is who she's going to put in charge of stuff.

00:46:35.380 To me, it's the personnel's, you know, policy, then the spending will be through the roof.

00:46:41.600 Again, just pointing back to the Nevada example with that war room, which was just, you know, let's just get as many bottles of wine as we can order.

00:46:51.020 And so that to me is why I don't think Harmeet would be a great choice.

00:46:56.740 And as RPD, I had one interaction with her.

00:47:00.300 I went up and asked her, I said, hey, you know, I see you on TV a lot.

00:47:03.580 I'm your RPD.

00:47:04.780 I want to talk to you about being a surrogate for the president's campaign, going into other states and, you know, stepping on behalf of the president.

00:47:13.380 And she basically told me, like, look, I'd love to do that, but I don't do the small events.

00:47:17.620 It's got to be something worth my time.

00:47:19.200 And you contrast that to a guy like Rick Grinnell, who I worked with a lot during that cycle.

00:47:26.680 And, you know, he would do anything we asked.

00:47:29.620 There was no how many people are going to be there, you know.

00:47:33.980 And so to me, that just speaks to the level of commitment she has.

00:47:38.620 And, you know, seeing her say stuff like on John Fredericks, where she said if she doesn't win, she'll have to reevaluate, you know, being a member of the RNC.

00:47:47.180 To me, it's clearly just an ego thing.

00:47:50.660 And this all points to that.

00:47:52.260 And so, you know, I've done this for 16 years, Steve.

00:47:57.700 And I've had the opportunity to work.

00:47:59.380 Go ahead.

00:48:01.980 Continue on.

00:48:02.800 Go ahead and finish.

00:48:03.400 No, I was going to say, you know, having done this for 16 years, I've worked on a lot of tough races, which means usually you have a lot of involvement from the RNC.

00:48:11.100 And so, you know, all the chairmen that have been there were great.

00:48:16.780 But I can tell you that there's been no one better than Rana.

00:48:20.500 And just, you know, in working on races and seeing the resources and the modernization she's brought to the party, I think is tremendous.

00:48:29.760 And, you know, I see a lot of talk about ballot harvesting from, you know, people that seem to oppose Rana.

00:48:37.080 And I think that's great.

00:48:38.000 We should talk about ballot harvesting.

00:48:39.620 But we should also talk about the fact that in 2020, in California and Nevada, Rana, we were very aggressive in ballot harvesting.

00:48:48.240 In fact, you know, we partnered with those state parties.

00:48:50.380 And in California, you know, the attorney general, who's now the senator, came after us because we were so aggressively ballot harvesting.

00:48:58.440 And they kept ballot harvesting this cycle.

00:49:01.380 You know, Montana, we picked up seats.

00:49:03.060 Oregon, California, Nevada, we picked up a governorship.

00:49:06.040 And those are all places where ballot harvesting is legal and there were ballot harvesting operations.

00:49:11.360 So that's just something I see when I see them talk about it, they clearly either don't know what's going on at the grassroots level or are just being misleading to voters and the 168.

00:49:24.820 And so that, you know, again, that just kind of bothers me.

00:49:28.080 OK, I just want to make Ambassador Grinnell and he's a, you know, a friend of the show comes on a lot.

00:49:34.740 Matt Schlapp.

00:49:35.640 I just want to make sure it's not Kurt Schlichter or Carolyn Wren.

00:49:38.580 They were at at this and I remember Arizona, Nevada, never got out there.

00:49:43.600 But I remember Nevada was such a key.

00:49:45.940 You know, that was one that was going to be so obvious.

00:49:48.260 It was stolen because what they did and, you know, this and also came into 22.

00:49:52.700 It's a reason Adam Laxalt's not a U.S. senator.

00:49:55.280 Right. He had the 22,000 vote lead and they know exactly what they got to do.

00:49:58.820 They know exactly how many votes they got to get.

00:50:00.760 The Culinary Union with, you know, with the Harry Reid, with the remnants of the Harry Reid apparatus.

00:50:06.520 So you did have Grinnell, you did have Matt Schlapp along with Schlichter and many other, I think, Brian Kennedy.

00:50:11.700 So there were many people.

00:50:13.340 And I think at the time there was this urgency it had to get done in, you know, and I'm sure you'll have more details later.

00:50:20.000 But I just want to go back before we let you go.

00:50:22.820 So this overall issue with the spending, you're saying that if you break it down into bigger detail, that you're going to have Air Force One and other things where the jets look at three point, the private jets at three point one.

00:50:35.440 There'll be the Air Force One and other elements to it.

00:50:38.500 And in the tchotchkes, the 17 million that you'll see when it's all laid out, that there'll be things that were underwritten at the White House.

00:50:48.480 The Christmas parties, the Easter egg rolls, things that couldn't, things that you couldn't, the government's not supposed to pick up for them.

00:50:56.720 I just want to make sure our viewers are getting the correct story.

00:51:00.120 Is that your position?

00:51:01.080 Yeah, and I think, you know, it should make voters and U.S. citizens feel good that, you know, if the RNC, if the president asked the chairman of a party to come on Air Force One, that we're not picking up that tab, that the political parties have to.

00:51:19.720 And I think that that's what happened.

00:51:21.920 So, you know, I'm sure that members of the RNC and staff were asked a lot of times by President Trump to, you know, come brief him on Air Force One or travel.

00:51:34.240 And, yeah, that gets picked up by the RNC, not by the taxpayers.

00:51:39.560 Jeremy, what's your social media?

00:51:41.240 I know today on Twitter you caused quite a ruckus.

00:51:44.240 I want to make sure our audience gets full accesses.

00:51:46.640 What's your social media?

00:51:47.620 How do people track you?

00:51:48.500 I think it's like Jeremy B. Hughes on Twitter and, you know, Truth Social Getter on there.

00:51:56.840 I think it's just Jeremy Hughes.

00:52:00.020 Yeah, they have great pictures from the White House Christmas Party.

00:52:05.040 So.

00:52:07.180 Jeremy, thank you very much for joining us.

00:52:08.900 I appreciate it.

00:52:10.200 No problem.

00:52:11.120 Thanks, Steve.

00:52:11.860 Thank you, brother.

00:52:12.740 Okay, this issue is not going to go away.

00:52:14.780 I think tonight on Tucker, I think John Rich is going to be on Tucker tonight.

00:52:19.840 My understanding is Harmeet may be on Laura Ingram.

00:52:22.960 We're going to have, I think, Rana, if she can make it on tomorrow.

00:52:26.360 There's also be other people.

00:52:27.660 This whole issue about the RNC, the money, the direction, the focus.

00:52:31.860 You just heard Jeremy say, hey, the ballot harvesting thing is actually an initiative that's been on.

00:52:35.840 So it's going to be, this is going to be contentious and it's going to be ugly.

00:52:41.340 But hey, it's politics and it's over the power of the greatest nation on earth.

00:52:48.260 Speakers situation, same.

00:52:50.240 This omnibus, the same.

00:52:52.240 This ain't beanbag, ladies and gentlemen.

00:52:54.340 Short break.

00:52:54.980 Back in the war room in just a second for the second hour.

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Bannon's War Room - December 16, 2022

Episode 2377： Where The Market Falls Leading Into The Holidays

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