Bannon's War Room - Episode 2715： The Failure Of The Real Estate Market; Polls Continue To Fall In Favor Of Trump

00:00:00.000 this is the primal scream of a dying regime pray for our enemies because we're going medieval on

00:00:10.340 these people here's not got a free shot all these networks lying about the people the people have

00:00:16.940 had a belly full of it i know you don't like hearing that i know you try to do everything

00:00:20.700 in the world to stop that but you're not going to stop it it's going to happen and where do people

00:00:24.280 like that go to share the big line mega media i wish in my soul i wish that any of these people

00:00:32.100 had a conscience ask yourself what is my task and what is my purpose if that answer is to save my

00:00:40.040 country this country will be saved war room here's your host stephen k band

00:00:47.260 president biden pushing back on questions about his age from stephanie rule as he bids for

00:00:56.280 re-election just one of the big challenge he faces now more revealed by our brand new poll

00:01:00.840 political director rick klein here to break it down and rick this poll is just brutal for president

00:01:04.400 biden absolutely george and you talked earlier about that record low approval rating for president

00:01:09.640 biden it's actually six points down just since february and the skepticism over his leadership

00:01:14.140 extends deep inside his own party only 36 percent of democrats think that their party should nominate

00:01:20.320 joe biden for a second term 58 say they would support someone else or prefer someone else that's

00:01:26.220 despite the fact that the entire dnc and most of the democratic establishment has rallied behind

00:01:30.680 president biden and you're seeing real weaknesses in the coalition that powered joe biden to the

00:01:36.180 presidency back in in 2020 biden carried independence by 13 points against donald trump he is now trailing

00:01:42.540 trump by nine points among those same voters he carried black voters by 75 points in 2020 now he's

00:01:50.140 up just 35 that may sound like a lot but the fact of the matter is in modern politics that is not the

00:01:55.720 kind of number that a democrat needs to be victorious and then of course that that does spill over into the

00:02:00.460 head-to-head matchup the hypothetical rematch trump versus biden right now a seven point edge in our poll

00:02:06.280 from uh in trump leading biden and in fact it's an identical number with ron de santis in a head-to-head

00:02:12.440 that might happen next november that tells us at this very early stage george that this race

00:02:17.020 is shaping up a lot more about the incumbent president joe biden than it is about any of his

00:02:21.560 challengers and rick as i mentioned with senator langford president trump at least right now

00:02:25.680 appears to be strengthening his hold on the frontrunner on his frontrunner status for the republican

00:02:30.180 nomination yeah that's exactly right we've seen donald trump's numbers go up in the last couple of

00:02:33.980 months across a range of polls and most of the other candidates either going down or staying

00:02:37.940 around the same ron de santis at 20 percent of course that is not even half trump's total right

00:02:42.860 now everyone else in the single digits that includes our abc news contributor chris christie

00:02:46.980 who's considering a run of his own he's at one percent in this poll and when we ask people to focus in on

00:02:53.060 the top candidates to choose just among the top contenders you actually see trump's number go up a

00:02:58.200 little bit ron de santis does as well but still he's nowhere near where donald trump is across the

00:03:02.940 country the other candidates again still in the mid or low single digits and this is interesting

00:03:08.220 because all despite all of that despite the strength that we're seeing for donald trump right now

00:03:12.700 a strong majority of americans think he should be facing criminal charges across a range of

00:03:17.280 investigations including on this one 56 percent say that he should face charges over his attempts to

00:03:22.300 overturn the 2020 election what's interesting to me about this george is that even among that 56 percent

00:03:28.740 the people that think that yes trump should face criminal charges 18 percent say they would vote

00:03:34.120 for donald trump over joe biden anyway that tells you a lot about trump's potential strength but maybe

00:03:39.540 more than that some of biden's weaknesses and that question of age that that you mentioned earlier that

00:03:44.540 joe biden has been trying to address donald trump is is less than four years younger than joe biden but

00:03:49.740 the concerns over biden's age are much more significant 68 percent of voters say they think that joe biden is too

00:03:55.560 old for an additional term only 44 percent say the same about donald trump rick i gotta admit i have a

00:04:01.160 hard time wrapping my head around that you've got one in five people who say they believe president

00:04:05.080 trump should be fate should face criminal charges but they still vote for him it is it is remarkable

00:04:09.720 and i do think once there's a matchup with an actual person maybe that changes but that just tells

00:04:14.480 you about how much trump is kind of baked into the political equation uh let me comment briefly on

00:04:19.520 recent developments in the banking sector conditions in that sector have broadly improved since early

00:04:24.180 march and the u.s banking system is sound and resilient

00:04:27.040 in addition the economy is likely to face further headwinds from tighter credit conditions

00:04:34.200 the extent of these effects remains uncertain

00:04:37.720 look i don't want you to worry about nothing this can be the easiest thing in the world your mama can take

00:04:45.740 it's just stick up you just take it easy nothing's gonna happen to you honey give me the money

00:04:56.600 give me the money what money mister there ain't no money here what you talking about this year's a bank

00:05:03.600 it was a bank but we failed three weeks ago

00:05:08.260 the biden spending led to the biden inflation that led to the biden fed having to jack interest rates

00:05:18.820 to try to choke it down that led to the biden bonds the bonds dropped 80 plus customers started leaving

00:05:25.720 taking their deposits out going higher returns this is going to exacerbate the implosion that is upon us

00:05:30.980 first i want to start off with the fed commentary which was tremendous signal uh they said and this

00:05:37.680 is not a saturday night live skit line the banking sector is fine but we're not sure about the credit

00:05:44.800 what that is the banking right the banking is credit hi there and welcome to credit fitness club

00:05:52.340 it's important to have a clear understanding of what credit is consumer credit cards student loans

00:05:57.520 car payments mortgages these are all common types of credit that people use every day so i've got a

00:06:03.000 few charts here let's start with the chart one uh and it basically uh is is the bomb we're currently

00:06:09.300 seeing the largest decline in u.s commercial bank deposits since 1934 remember the movie bonnie and

00:06:18.960 clyde when bonnie and clyde out there in west tex in texas they're going around robbing banks in the

00:06:23.420 first i think two or three banks they rob they go hey buddy we're not a bank anymore we closed down

00:06:29.420 right depositors all ran they had a bank run everything's in 1929 uh when the stock market

00:06:35.360 crashed hey the the worst part of the depression was all to come 32 30 this one brought roosevelt to

00:06:42.060 power these people have us living in chaos i thought under trump we were supposed to be in chaos

00:06:47.440 what did trump do uh he just brokered peace deals best economy ever lowest unemployment ever

00:06:53.740 here's the scary thing there's no credibility in yellow there's no credibility in powell there's

00:06:58.460 no credibility in biden the spending's a liability it's not a benefit and you're crushing the american

00:07:04.120 people you're crushing citizens of this country we had people voting who were illiterate politically

00:07:10.380 but they voted for joe biden now america suffers

00:07:15.000 maga republicans in congress are threatening to throw america into default crashing our economy

00:07:22.240 their latest radical demand they want to repeal investments in affordable clean energy and

00:07:27.360 manufacturing that are already creating hundreds of thousands of jobs across america their reckless

00:07:33.200 demands will kill countless american jobs even jobs in their own hometowns because for maga extremists

00:07:39.940 it's never about your jobs or our economy it's always about pushing their extreme agenda

00:07:46.180 allied armies had isolated large parts of the german force in italy

00:07:50.580 on sunday afternoon april 29th two german officers looking rather incongruous in civilian clothing

00:07:58.140 sat down we're gonna get to it's uh it's uh monday 8 may year of our lord 2023 i want to save that

00:08:04.300 last piece it's 78 years ago today at approximately 2200 in uh german time uh the surrender document the

00:08:13.760 surrender instrument of the german army victory in europe day of course the russians had to have it

00:08:19.580 positioned because remember the deal cut at yalta roosevelt and these guys let the russians take

00:08:25.200 berlin they had to have it uh so late at night there would be morning in moscow that's why victory day

00:08:30.640 for the russians is 9 may but victory in europe today we're going to spend a lot of time today

00:08:36.040 throughout the programs talking about that and what it means for uh us today as the early stages of

00:08:42.280 world war three that we're in um i want to bring in john katsimatidis john is one of the most successful

00:08:49.740 entrepreneurs in this nation up from his own bootstraps in many many different businesses also the owner

00:08:56.200 of wabc and over the weekend gave one of the most important interviews so far in this cycle to

00:09:02.000 robert f kennedy jr but john i've got you on here because your business expertise and i highly uh i

00:09:09.480 regard your thinking about this as an entrepreneur the financial times of london u.s faces quote

00:09:16.280 constitutional crisis over debt ceiling deadlock secretary of treasury uh yell and mourns of denver

00:09:23.080 can bring bring into that headline this is morning's financial times of london the reason is

00:09:27.900 is that over the weekend given many opportunities by george stefanopheles in fact we'll play that clip

00:09:33.020 later to basically say they would not turn to the gimmick the gimmick not the gimmick of the tree and

00:09:39.300 dollar coin that paul krugman's pushing but the gimmick of relying upon the 14th amendment to get around

00:09:44.980 uh quite frankly not even cuts to spending but just cuts to the growth rate that they will invoke the

00:09:50.100 14th amendment to get around it it is a week that the biden regime the bottom falls out invasion on

00:09:56.280 the southern border people are expecting 700 000 to a million across the southern border starting on

00:10:01.280 thursday president trump with a town hall on cnn this week caitlin collins and also tomorrow the

00:10:08.380 big negotiations john katsimatidis where do you think give us your assessment of where this economy is

00:10:14.280 particularly from the point of view of an entrepreneur that puts his own capital at risk sir

00:10:19.320 well the economy wants to do well uh i've been taking the pulse of it for the last 12 months

00:10:27.800 and uh even our friend larry kudlow says to me uh john you've been right all along and the the

00:10:35.500 inflation only comes from the price of oil and if the price of oil goes down then inflation is going to

00:10:42.920 come down except the fed is not smart enough to realize that and they keep raising interest rates

00:10:50.880 and destroying everything else you they raised interest rates five percent in the last 12 months

00:10:56.820 and what happens if the number one it destroyed the real estate industry the real estate industry is

00:11:03.500 in deep crap number two it now is destroying the banks themselves because by raising the interest

00:11:11.380 rates so fast in in a 12 month period it took the bonds in the bank's portfolios and the value

00:11:18.300 in the bonds portfolios and guess what it went down then the next shoe that's going to fall

00:11:25.000 that nobody's talking about yet and i'll tell you i'll talk about it is the banks are shut down

00:11:31.060 they're not lending any money to anything except triple a credit and guess what that's going to hurt

00:11:39.180 america overall because the banks are shut down they're not going to lend money on real estate

00:11:45.720 they're not going to lend money to industries so that's the next shoe that's going to fall

00:11:51.220 and what i'm saying uh that the fed should have paused by raising interest rates again they're

00:11:59.260 chasing something that's unchaseable because you're not going to bring down you're not going to bring

00:12:05.640 down the inflation rate unless there's more confidence in the system if the price of oil like we had under

00:12:14.320 president trump is down to 55 a barrel then inflation will go away by itself and by forcing interest rates

00:12:25.320 up all we're doing is killing our country john i want to go back we've talked about this credit uh

00:12:33.740 contraction talk to talk to us because people are not talking about that the business channels haven't

00:12:38.020 picked up how big a deal is it that the regional banks that lend to entrepreneurs that the credit

00:12:44.460 there's now credit contraction you can't get a loan for love nor money sir forget about it you're not

00:12:49.540 going to get any money you're not going to the the real estate market is going to continue to to to to

00:12:55.200 contract because construction is going to slowly come to a halt i mean what what banks and now people are

00:13:04.180 trying to borrow from hedge funds and they're even being more careful uh because nobody wants to pay

00:13:10.060 eight percent for construction loan

00:13:11.620 john uh this debt this huge fight we have tomorrow by the way we'd like to hold you just through the

00:13:20.680 break for a couple minutes on the side because i don't think we're going to finish here your sense

00:13:24.340 of this debt ceiling fight and particularly the gimmicks the democrats are talking about printing a

00:13:28.420 trillion dollar platinum coin krugman's talking about that uh janet yellen will not take off invoking

00:13:33.480 the 14th amendment what's your sense of this well i'm i'll tell you the truth

00:13:40.200 the the republicans should use the debt as a weapon the debt is irrelative you know steve me and you

00:13:51.040 were around when the debt just 20 years ago 25 years ago i forget when it was like five or ten trillion

00:13:57.520 now it's 30 trillion it doesn't mean anything if there's confidence in the system the dollar was

00:14:05.440 almighty if there's confidence in the system i don't worry about the debt but the problem we're

00:14:12.560 having is a lack of confidence in the system and you know who you know nobody trusts the white house

00:14:20.160 right now they don't trust what what president biden decisions that he's making that's a bigger problem

00:14:27.440 than the debt so what the republicans a strategy the republicans should use is you

00:14:34.000 hold the punchline we gotta take a short commercial break we gotta pay some bills here

00:14:41.400 john katsimatidis from the john katsimatidis show he's the owner of wabc

00:14:46.400 a huge entrepreneur in new york city and throughout the country going to join us

00:14:50.400 russ vote also after the break president trump recently issued a warning from his home at mar-a-lago

00:15:03.860 and i want to quote this our currency is crashing and will soon no longer be the world standard

00:15:10.260 which will be the greatest defeat frankly in 200 years end quote he did that in the interview

00:15:16.000 that i had with him a couple weeks ago at his home now there are three reasons the central banks

00:15:22.820 are dumping the u.s dollar inflation deficit spending and our insurmountable national debt

00:15:31.180 the fact is there's one asset that has withstood famine wars and political and economic upheaval

00:15:37.600 dating back to biblical times that would be gold gold has been a hedge against chaos

00:15:44.940 from time immemorial and you can own it in a tax sheltered retirement account with the help of

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00:16:30.800 always has been how much more time does the dollar actually have protect your savings with gold like

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00:17:03.120 take action your host stephen k bannon

00:17:06.300 okay russ vote is going to join us in a minute i remember on abc with stephanophilus it was janet

00:17:14.560 yellen your secretary of the treasury she was the one that said constitutional crisis that's not the war

00:17:22.060 room that's not russ vote she said constitutional crisis this is this is the extremism you've got

00:17:29.260 in this regime john katsimatidis you're going to give me the punch line here of what we need to do

00:17:36.100 to restore confidence and since people hold you in such high regards as an entrepreneur tell us what

00:17:41.440 we need to do the most important thing is i don't think the debt ceiling is that important i don't think

00:17:48.740 anybody cares in the world if it's 31 trillion 32 trillion 33 trillion it doesn't matter what matters

00:17:56.000 is confidence in the system they have to have confidence in the white house and right now we

00:18:02.040 we lost the confidence of saudi arabia who has aligned themselves with china india doesn't feel so

00:18:08.820 good about us right now turkey doesn't feel so good about us right now uh pakistan doesn't feel good

00:18:14.900 about us right now brazil doesn't feel good about us right now even argentina is looking to align

00:18:21.400 themselves with with with china it's the old steve it's the old james bond movie spectra you know the

00:18:30.480 the evil empire russia china china is the chief coordinator and and the people are starting to align

00:18:40.640 themselves with them instead of the united states of america and and and china is pushing the one

00:18:48.400 we what we have to negotiate instead of we'll give them we'll go above the debt ceiling but i think

00:18:57.940 there's other more important things that we have to negotiate the border very important i mean it's it's

00:19:04.480 crazy it's it's crazy what's going on are you are you concerned as a as an entrepreneur and you just

00:19:13.920 talked about the credit contraction and an entrepreneur that you know money center banks

00:19:17.700 not going to lend to 90 percent 95 of the entrepreneurs out there are you concerned that

00:19:21.800 the debt with the interest payments now the feds jacked up the rates when you when you have to pay a

00:19:26.080 trillion dollars which we'll do very quickly just to pay the the interest on the debt without paying

00:19:31.040 any principal does that concern you save if inflation comes down and we go back to two percent

00:19:37.900 interest rates it doesn't mean anything that's the trick but the fed has to be somebody has to be

00:19:45.000 smart enough in washington to realize that and if you don't open up the oil spigots in north america

00:19:51.180 to bring the price of oil down right now the oil markets are being controlled by russia and china

00:19:57.540 they want hundred dollar oil this is the truth they want one hundred dollar oil to pay for everything

00:20:04.760 we were a trillion dollars worth of wealth has moved from north america all the way to china

00:20:12.320 opic nations etc etc russia and that's what the problem is and and uh we gotta we we gotta use

00:20:23.100 our resources in north america to bring down the price of oil of 55 i am very disappointed in president

00:20:31.740 biden uh i am concerned you know i will never use the t word but i believe that that that china has

00:20:42.240 undue influence on washington and undue influence on the whole system i mean the fentanyl coming in from

00:20:49.840 the borders i mean our country's in trouble and if we don't get a hold of it right now uh we're going

00:20:57.380 to be in trouble you know venezuela came to an end in 20 short years in south america

00:21:02.880 if we don't get a hold of it in 2024 america is in trouble

00:21:08.400 when a guy like katsimatidis who's one of the most optimistic guys i know is saying hey you're looking

00:21:14.660 into the abyss you got a problem john uh i'm going to get you back on later the week the interview

00:21:19.240 with robert f kennedy jr was one of the most significant political interviews in the cycle

00:21:23.600 we don't have time to go through it this morning but how do people get to you you got an afternoon

00:21:27.220 show i think after rudy and you got the morning show how do people get to you how do they find

00:21:31.860 your content well how do they find my contact i guess they can say cats at wabc radio.com

00:21:40.000 c-a-t-s and oh thank you for my show and my book my book is doing doing very well and it's about

00:21:48.420 common sense in the business place how to make a billion dollars in common sense and you know who's

00:21:54.280 buying it uh steve grandfathers and fathers and giving it to their kids and grandkids because they

00:22:00.960 want their kids and grandkids to be successful where where you get the book on amazon you can get it

00:22:07.920 amazon.com or barnesandnoble.com and uh it's worth the investment to to to teach your kids and

00:22:16.280 grandkids to make make a few dollars john katzmatis is one of the best entrepreneurs out there sir thank

00:22:23.380 you very much thanks for taking time away from your busy schedule to join us here in the war room

00:22:26.880 thanks look forward to seeing you in person same same sir uh hang on for a second i think we got

00:22:33.820 janet yellen the crack staff in denver and here in the war room up all night working i think we have

00:22:39.560 the janet yellen clip let's play this about the constitutional crisis hit it he said on friday night

00:22:44.920 that he's not ready to invoke the 14th amendment of course the 14th amendment says that full faith

00:22:48.980 and credit the united states should not be questioned and the implications of that would be if he invoked

00:22:53.500 it as the united states would just continue to issue debts saying it's unconstitutional not to now

00:22:59.220 the president said he's not ready to do that but it didn't seem like he took it off the table so is

00:23:03.220 it still a possibility look you know our priority is is to make sure that congress does its job

00:23:12.860 there is no way to protect our financial system and our economy other than congress doing its job

00:23:22.840 and raising the debt ceiling and enabling us to pay our bills and we should not get to the point where

00:23:30.020 we need to consider whether the president can go on uh issuing debt this would be a constitutional

00:23:36.900 crisis but do you but is it on the table is it something that could be considered are you saying

00:23:42.420 you just said there's no way this can be done without congress is that a hard and fast position

00:23:47.040 that the president will under no circumstances invoke the 14th amendment

00:23:50.800 look i all i want to say is that it's congress's job to do this if they fail to do it we will have an

00:24:00.840 economic and financial catastrophe that will be of our own making and um there is no action that

00:24:09.400 president biden uh and the u.s treasury can take to prevent that uh catastrophe

00:24:16.020 i'm still not exactly clear on whether it's on the table or off the table is it a break glass in

00:24:23.080 case of emergency option look i i don't i don't want to consider emergency options um what's important

00:24:32.740 is that members of congress recognize what their responsibility is and um avert what will surely

00:24:42.400 be regardless of how it's handled what option is used to handle it um an economic and financial

00:24:49.640 catastrophe it sounds like you're saying you don't want to but you may have to

00:24:53.780 well what to do if congress fails to meet its responsibility there are simply no good options

00:25:05.480 and the ones that you've listed are among the not good options okay the financial times guys's lead

00:25:13.740 constitutional crisis russ vote we're asking you have we got the rats cornered now they're talking

00:25:19.300 about printing trillion dollar platinum coins and uh and they're going to invoke the 14th amendment sir

00:25:24.280 we could not have them in a more uh difficult position for their interest and to be able to deal

00:25:31.480 with the fiscal house that we have right now and using the debt limit as an opportunity to get

00:25:36.600 after the spending and the recklessness that we have seen for many many years and i think it's

00:25:42.060 important to simplify this debate and you you've seen that over the course of the weekend they're the

00:25:46.700 ones that are saying that we are headed towards a constitutional crisis on this we are not this is a

00:25:51.740 typical debt limit standoff and so when they talk about invoking the 14th amendment simply put they are

00:25:58.960 talking about ignoring the law there is nothing under the 14th amendment that allows them to ignore

00:26:04.740 the debt limit and even their larry tribe who's the harvard uh law professor that they use and they

00:26:11.140 trot out at moments like this he he put out the trial balloon over the weekend he even he said this is

00:26:17.380 ignoring the law but we should do it anyways so when you hear 14th amendment invoking that simply put

00:26:24.220 it's ignoring the law their other option is to talk about a a platinum coin a trillion dollar platinum

00:26:31.340 coin all of that is to simplify the debate it's printing money and so there you have these two kind

00:26:38.060 of uh invoke these options think of them in the economic spaces in this version of a nuclear option

00:26:44.300 and the left wants them to use it and as a result you know we've got to plow through and be able to

00:26:51.320 comprehend and explain to the world what is being talked about one has endless inflation potential

00:26:58.540 in the in the in the midst of high inflation and the other one you have an incredibly weak president

00:27:05.000 that's going to take this this post-constitutional world that we live in and dramatically go and hit

00:27:12.640 the gas in ways that they don't have the option to and i would just remind the left when you did this

00:27:18.140 on harry reed when harry reed took the nuclear option as it pertained to judges and executive

00:27:22.540 appointees look where that got you so i think the the order of the day is heading into tomorrow's big

00:27:29.800 meeting with with uh biden and the congressional leaders they're going to want to make this about

00:27:35.560 a summit this is the regrouping of the cartel this really is just about a negotiating between kevin

00:27:40.960 mccarthy and joe biden they're going to want to reconstitute the cartel in a way that is not in our

00:27:47.180 interest and mccarthy's got to do a good job of saying i'm negotiating with biden schumer you have

00:27:51.940 no role to play because you haven't passed the bill we got to put aside all of these fake options

00:27:56.880 that are really just very simply ignoring the law or printing money and then we've got to get you to

00:28:02.400 the point where you realize you have to pass our bill and if you don't pass the bill you have a very

00:28:08.420 simple option and the authority to do one thing pay treasury and interest on those treasuries

00:28:14.400 we will not have a default you may not timely pay every grant at the nih you may not timely pay

00:28:20.460 everything at the department of education but we will not have default and we've got to be able to

00:28:25.800 comprehend and explain what's going on this week so that the american people uh understand the stakes

00:28:32.040 russ i know you're jammed i just need to hold you for a few minutes after the break because i got

00:28:37.540 to talk about the senate mike lee led an effort to put them put the marker down the senate's got our back

00:28:43.160 right now a massive week for the maga movement for the united states of america for the restoring of

00:28:51.080 our sovereignty and fiscal sanity all next in the war room we rejoice when there's no more let's take

00:28:59.500 down the ccp friends it's hard to trust anything anymore our most important institutions are being

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00:30:36.060 dollars stephen k bannon okay birch gold dot com slash bannon make sure you go to it check it out

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00:31:01.980 a series we've been doing the latest installment the debt trap ripped from today's headlines it'll get

00:31:08.380 you totally immersed in everything you need to know with because these negotiations not gonna be a one

00:31:12.620 day trust me and they're bringing everything they're bringing the heat i told you they were

00:31:17.580 going to call you that's the spot the democratic spot that got planned the running the sprockets off it

00:31:21.580 it's all your fault it's uh ultra maga it's maga extremis you're the head of the creditors committee we

00:31:28.860 told you you were going to take some flack getting over the target and hey it's coming

00:31:33.740 and it's coming hard make sure you go to birchgold.com slash bannon today get all the information

00:31:38.780 totally free check it out immerse yourself rust vote uh mike lee led an effort an amazing i think

00:31:47.580 letter not perfect nothing's perfect the deal on the table is not perfect but hey directionally we're

00:31:52.140 trying to get there but the senate sent a very loud signal and mitch mcconnell let this be sent

00:31:56.780 you're not going to get an out here with us you deal with mccarthy and you deal with the uh the

00:32:03.020 ultra mega extremists rust vote your thoughts it was a really important letter and what it said was

00:32:09.180 that to the extent that biden thought that this get out of jail card would be played by senate republicans

00:32:15.420 they put that to rest and they said we're sticking with the house and this negotiation is between biden

00:32:20.780 and the house and tomorrow is probably not going to go well tomorrow's going to have a little bit of

00:32:25.900 circus feel to it because they're going to try to see whether they can just provoke as much fear and

00:32:30.940 confrontation a couple more times before they realization sets in that they actually have to

00:32:36.780 come to the table and negotiate so that's my expectation for tomorrow you'll have a lot of

00:32:41.980 flailing by senator schumer who wants to be relevant wants to be part of this doesn't really

00:32:45.980 trust the white house that they're going to be able to hold strong and so that letter was really

00:32:50.940 important to be able to articulate the reality that senator schumer has no russ vote russ vote russ

00:32:57.580 let's give him some inside baseball will chuck schumer allow biden to be in a room with mccarthy

00:33:02.540 one-on-one without supervision sir he's going to do everything he can not to let that happen

00:33:08.300 but at a certain point he's going to become the issue if he is being perceived as what is

00:33:13.420 keeping the white house from provoking in their words a constitutional crisis and so i think you will

00:33:19.260 see beginning tomorrow chuck schumer begin to be the issue and i think it's important at that point

00:33:25.340 the white house needs to realize they have one person in negotiation who represents the american

00:33:30.380 people on this and that is kevin mccarthy they have passed a bill that bill is what will be agreed to

00:33:37.340 and biden needs to accept it and it will pass the senate if if biden agrees to it it will pass the

00:33:43.580 senate and chuck schumer knows that and that's why he's flailing russ in june of 2017 we sat over the

00:33:51.820 eob and you had your whiteboards you walked through this concept of prioritization of payment just give

00:33:57.180 us a one-minute tutorial on this because this is critical and i think tom elliott and other people

00:34:01.820 tom was tweeting it out a week and many other people that the american people have to understand

00:34:06.780 something this is all a lie when they're telling you that we're going to put the full faith and credit

00:34:11.180 the united states in jeopardy they're plenty of cash just walk give us a minute tutorial on

00:34:15.020 prioritization of payments as you see it sir sure a debt limit scenario is not like a government

00:34:21.660 shutdown where funding just stops the money that's coming in from revenues from people paying their

00:34:27.020 taxes is coming in it's just not coming in at a level to be able to pay all of the bills and that's

00:34:32.780 why you have monthly deficits but you have monthly revenue coming in and that is more than enough to be

00:34:39.020 able to pay treasury interest and principal on our debt now and that's that's what default is default

00:34:46.220 is not paying that that that interest in principle on our treasuries period end of story the white

00:34:52.860 house and the left has tried to over define the word default to be timely payment of every obligation

00:34:59.980 that has ever been made by the federal government we know that's just not the way the real world works

00:35:04.140 businesses are short on money and as a result they they stagger their payments they triage and so

00:35:10.620 that is the situation that the treasury finds themselves in and they don't want to do that the gnomes over

00:35:16.460 there don't want that scenario that's why they go to great lengths to over define the word default because

00:35:22.860 they don't want that political heat on them as to what gets paid and what doesn't but it gives

00:35:28.220 our guys negotiating the ability to have a very very hard line because the dates that they have

00:35:33.660 put out there are not real dates they are not going to cause default janet yellen knows that and joe biden

00:35:39.900 knows that the ability to default or not hinges squarely on the president of the united states and he

00:35:46.620 will he will not allow it to default because he doesn't want that on his historical record that that's

00:35:53.180 why she's using the phrase folks pay we have to pay our bills we have to pay no you have to pay the

00:35:58.380 interest in principle on securities issued by the united states government that's the full faith and

00:36:03.900 credit the creditors committee knows that you know it and we're not going to let you sit there and lie

00:36:08.700 we got plenty of cash coming in to pay that you got plenty of cash to pay medicare you get pay cash to

00:36:14.860 play social security you get plenty of cash to pay defense then you get down you got to stretch some

00:36:20.220 payments and you're going to have to have a discussion we're not backing off this and if

00:36:24.940 biden tries to tries to cut a try to say you got to give me this guy give me this we're going to get

00:36:29.340 harder we want real cuts real cuts not cuts and growth rates russ fantastic job real quickly russ when

00:36:37.820 i give up this number of people to call give give me the 60 second pitch that you believe that maga

00:36:44.940 should make to their elected representative sir when they talk to him today and tomorrow

00:36:50.220 hold strong don't be scared off let the force biden to come to the table and agree to the house terms

00:36:58.060 very simple this is not about negotiating away from that position this is about forcing him to accept

00:37:04.460 reality and the senators and the house members are going to see all the stuff that the fake news is

00:37:09.900 going to put out there they got to hold strong that message is to them to stay strong to what they've

00:37:14.620 already done and to be able to insist upon it russ how do people get to you over the center and how

00:37:21.340 they get to your social media particularly your getter in your twitter feed sir at russ vote on all

00:37:27.100 the social channels and they can get our center at america renewing.com we appreciate it thank you

00:37:33.740 brother great fight the number is 202-224-3121 is the senate 202-225-3121 is the house

00:37:48.460 you heard what russ said but hey you know what you're free men and women you call them up and you

00:37:54.140 give them what for but here's the bottom line hold the line here hold the line or we'll come back with

00:37:58.940 some real cuts let's go john fredericks tons of massive news the precinct strategy and we're

00:38:05.260 going to try to get more people on here that are just winning all over the country taking over gops

00:38:10.140 big news out of the commonwealth of virginia big news out of georgia john fredericks what do you got for us

00:38:17.180 well i tell you what steve it's happening it's real for three years we've been imploring inspiring

00:38:25.340 and asking those involved in maga the potless movement trump supporters to get involved to join

00:38:32.540 their local republican unit to be a precinct committee chair precinct 2.0 three years later

00:38:40.700 we're now seeing finally steve the overwhelming results of our people who have gotten involved and

00:38:47.100 we're taking things over it's incredible in virginia on saturday we had one firehouse primary the trump

00:38:54.940 candidate they're getting 75 percent of the vote that was senator bryce reeves then you go to a

00:39:00.860 convention which i did live john mcguire trump candidate been there for us from the beginning

00:39:08.300 got outspent got outmaneuvered all the rigors were from someone else all the desantis people for someone

00:39:14.460 else in a four-person race john mcguire overwhelms the system and wins with 63 on the first ballot never

00:39:23.260 been done 66 percent of the delegates who were there were brand new nobody ever saw them before

00:39:31.260 these are our trump supporters this is the maga movement we've got them involved now what's

00:39:36.540 happening is we we're getting to understand the system how important important these conventions

00:39:41.740 are how important early voting is how you get chairman elected how you go to a nominating convention

00:39:48.220 now let's go and june 20th georgia primaries there is going to be a slew of mega candidates defeating

00:39:58.220 the establishment between now and then then you go to georgia this is the big enchilada right in a

00:40:06.140 two-year period we've been doing this for three years in a two-year period convention to convention

00:40:13.260 this convention to nominate the chairman and all the positions down two years removed from what it

00:40:22.060 was in 21 70 of the delegates are brand new nobody saw them before these are all our people june 10th

00:40:30.620 in columbus we are on the verge of electing an entire slate of pro trump pro maga candidates from

00:40:40.140 chairman down the secretary when that happens that convention in columbus is going to be like a trump

00:40:47.820 rally because there's all the trump people are there and we're going to take the georgia republican

00:40:52.380 party over lock stock and barrel start the finish the entire apparatus it's such an overwhelming route

00:41:00.780 that brian kemp the governor the attorney general chris carr brad raffensperger they're not even

00:41:07.980 attending and now they're trying to attempt to create a shadow republican party in georgia here

00:41:14.460 it is in the past two weeks our people have gotten involved they've understood the system they've gotten

00:41:22.060 off the couch and now they're coming out steve remember before trump voters would only come out for

00:41:27.020 the big guy they'd only come out 2016 when he was on the ballot they'd only come out 2020 when he was on

00:41:32.060 the ballot but then they came out in 21 for glenn youngkin in virginia now they're coming out

00:41:38.540 everywhere we're overwhelming this system and we are on the verge of taking over the entire republican

00:41:46.780 party in georgia in three years and it's going to happen june 10th in columbus steve huge and we're

00:41:56.060 we're going to have other examples throughout the country we're taking over john how do people get to you

00:42:00.220 the show uh godzilla and uh in your uh social media we're live everywhere all you got to do is go to

00:42:09.580 at jf radio show at jf radio show i tell you what we're on the cusp of taking the whole thing over

00:42:16.860 we knocked on the door in dana point with ronnell romney we knocked on the door the next time we're

00:42:24.780 going to kick it in we're taking the rnc over too because our people got involved and now there's

00:42:31.340 no turning them back steve thank you brother appreciate john frederick from the john frederick

00:42:37.420 radio show his vast empire expands going to be in pittsburgh here shortly thank you very much sir

00:42:43.340 i got richard barris richard uh a couple articles the hill leads today with the gop senate

00:42:50.300 just saying with trump no moss we got it you're dominant we're just going to back off also politico

00:42:57.580 lead story in politico earlier this morning was about wall street they said wall street's the

00:43:02.940 center of the never trump movement but they understand the santas doesn't have it this

00:43:07.100 directly ties what i told you about the london trip the guys on wall street heard from their their

00:43:12.540 compadres in the city of london it ain't happening with it's not happening with the santas uh barris give

00:43:18.460 me your first i got a minute i'm gonna go to break give me your first cut on the abc washington post

00:43:23.100 poll which has never been very favorable to president trump which what's your take yeah i wanted to start

00:43:28.540 off with that this is the biden plus 17 poll in wisconsin in 2020 for people uh who don't remember

00:43:35.180 that but you know actually it's uh a lot like what i would have expected steve this is live caller phone

00:43:41.660 only uh you're gonna get your high participation high interest voters it's just important when

00:43:48.300 you're you know you're comparing this poll to other polls like mine and emerson uh during midterm cycles

00:43:53.900 to do that is just fine but in a presidential election this is where you're gonna miss the

00:43:58.780 working class that has always been a problem for pollsters in the modern era so you know when we start

00:44:04.940 to on the other side of the break when we look at our polling uh you'll see what that means and how that

00:44:09.420 impacts the results but okay just remember okay apples here yeah yeah hold hold hold hold that

00:44:16.940 thought we're gonna give the punch line right after the break the people's pundit is in the house

00:44:22.620 richard barris we also got jeff clark on uh on bill barr on the cowardice of bill barr all next only in

00:44:31.980 the war room in my younger days i was a naval officer on a destroyer in fact i was the a-gang

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00:47:53.420 you want download now this new one looks pretty good really did you know ron desantis backed deep cuts to

00:48:02.380 social security and medicare ron desantis yeah he voted to cut social security or medicare not once

00:48:08.860 not twice but three times desantis even tried to raise the retirement age to 70 i thought desantis was

00:48:15.340 one of the good ones but he's just another career politician america needs trump make america great again

00:48:23.740 is responsible for the content of this advertising wall street starts to bail on uh on uh ron desantis as

00:48:31.580 we told you they would after the disastrous trip that ended in um in london because they talk a lot

00:48:37.500 that's what capital markets about the sharing of information okay um barris your polling is always the

00:48:44.540 best on this you've just come out of the field what do you got for us sir yeah you know just real quick to

00:48:50.380 wrap up that abc uh steve if we can put the presidential nomination poll up there that would

00:48:54.620 be great uh our phone component looked a lot like the abc's but the difference is we're mixed mode and

00:49:00.620 especially during presidential cycle this is how we've been able to find voters other have others have

00:49:05.020 not been able to find looking at this overall what you're seeing here and i just something we talked

00:49:09.580 about over the weekend once you hit almost 70 you're at two-thirds or 70 or higher of self-described

00:49:17.260 conservatives in a republican primary you're basically unbeatable all right so now we had

00:49:21.900 trump you know basically hovering in the mid to high 50s for a while and he crossed that 60 percent

00:49:27.820 and uh started to hold it so desantis fell from a high of about 30 in our polling to about 17 right now

00:49:35.100 and that really comes steve from why and this is again hearkening back to the abc desantis had some

00:49:41.340 foothold with the older traditionalist voters that has changed over the weeks and i really do think

00:49:47.980 this comes down to policy a lot of people make a lot about the indictment i get that but it really

00:49:53.420 does come down to policy uh i think people started to vet him they started to look at him a little bit

00:49:58.780 more and they they didn't like what they saw you know i hate to agree with larry sabato but his cnn

00:50:03.500 segment was was perfect when a presidential candidate gets more uh scrutiny then he's not just an idea

00:50:10.300 anymore he or she is no longer an idea and voters start to vet them and that's what happened to ron

00:50:15.260 desantis and i think that's why people on wall street are bugging out the way they are can we

00:50:18.860 get the next one on the on the uh on the screen because this is something i want to talk about

00:50:23.420 when we're looking at how each of these candidates will perform in a general election the truth is

00:50:29.100 steve the other polls and it's traditional to do this so i'm not knocking them for it but

00:50:34.220 they're all gauging the same electorate registered voter universe and adult universe

00:50:39.340 the truth is that the trump or bus vote now is swollen to almost 20 percent you were right you

00:50:45.660 said 20 percent we added around 12 to 13 it's well this week to 18 it's just under 20 so the electorates

00:50:53.340 would not be the same if trump was the nominee or if desantis was the nominee or if haley was the nominee

00:50:59.100 some people will vote if trump is the nominee some people will vote if desantis is the nominee but not

00:51:05.180 if somebody else is the nominee and look at that first number right there that's white working class

00:51:10.300 biden versus trump trump is above 60 with white working class biden is at 24 you cannot win if

00:51:16.540 you're a democrat in the electoral college if you're getting trounced like this but against desantis

00:51:22.060 desantis is only in the 40s and biden's share of the vote goes up among these voters and then

00:51:28.140 look at the undecided in purple a lot of those people will not vote they'll vote for trump but

00:51:33.500 they will not vote they're not undecided they don't like either one of them and desantis's image still

00:51:39.980 has a lot uh you know he's got a lot of work to do with name recognition but not all of that is is

00:51:45.100 going to come down in name recognition this is about people who are in the heart of the country who

00:51:50.140 haven't voted uh you know in the past like an educated voter will vote and they will come out for

00:51:55.500 somebody that they view to be uh you know different or an outsider but they will not vote for a

00:52:01.260 traditional republican candidate against evangelicals now that burst anybody's bubble but you cannot win

00:52:07.020 the state of wisconsin if you're below 70 with evangelicals and you better boost them to about a

00:52:12.620 quarter of the electorate trump is winning evangelicals 7 70 to 13.6 biden does a little bit worse again

00:52:19.980 this is name recognition 12 and a half against desantis but desantis is at george w bush levels

00:52:26.460 that's not good enough that means iowa and and ohio are going to be closer that means wisconsin is

00:52:33.260 off the table you can't win with numbers like that so there are a few of them the under 30 000 we're

00:52:38.860 going to go over on the show a little bit later today but the under 30 000 group in the income bracket

00:52:44.140 is the underclass democrats need to win in order to uh to to hold some of these rust belt states

00:52:51.500 there biden is losing them to trump this is now the second poll we've conducted where he's losing

00:52:57.420 them to trump that was not the case in 16 that was not the case in 2020 this is a different uh

00:53:03.500 a different political environment steve it's really what it comes down to hold on hold it give me a minute

00:53:10.220 on that because that's a shocking number when you say the underclass which is totally depend upon

00:53:14.460 essentially the the the government because under 30 000 bucks a year right that the 2000 that means

00:53:20.540 you're making this is 15 an hour below employees that's always been the strength of the of the

00:53:26.060 oligarchs run the democratic party but the underclass votes for them how did where did you see that shift

00:53:30.540 how did that happen uh you know i think it's about inflation dragging on but i i think as we got closer to

00:53:38.780 the season there were gonna there was going to be this comparison that voters were going to do a lot

00:53:43.420 of these underclass voters some of them are hardcore democrats but a lot of them are just uh working

00:53:48.700 class hispanics that uh you know they're they're not really rigid with partisan identification and there

00:53:54.620 was always going to be this now that biden has a record who did better moment and all trump really

00:54:00.460 ever had to do was kind of like i've used this analogy before but it's true all he had to do was grover

00:54:05.660 cleveland this puppy steve you know when i was there uh things were working or running like a

00:54:10.700 well-oiled machine now that i'm gone how are you doing peace peace peace and prosperity this is what

00:54:15.980 cortez keeps talking about that that christmas of 19 the end of 19 we had the 10 11 pay increases

00:54:22.940 for non-college for blue collar no inflation all of it bears how do people get to you how they see

00:54:27.500 the show later today to get the complete drill down brother right after war room we're going to be on

00:54:32.540 uh youtube rumble uh if you're checking out the locals feed we'll be on there peoplespundit.locals.com

00:54:38.300 there it is up on the screen uh noon eastern daylight time inside the numbers we're going to go over

00:54:43.340 this in a lot more detail and of course the best thing people can do steve is share the public polling

00:54:49.260 project far and wide that's how we do this you can check it out at big data poll.com support it

00:54:54.140 share it whatever you can do that's uh that that's how we're making this happen making the magic happen

00:54:58.460 over here bearish you're the best thank you very much honor to have you on here okay in an unjust

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Bannon's War Room - May 08, 2023

Episode 2715： The Failure Of The Real Estate Market; Polls Continue To Fall In Favor Of Trump

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