The tea party patriots are back, and they are here to bring you the tea. On today's show, we have a special guest, Jenny Beth Martineau of the Tea Party Patriots, and she joins us to talk about the House vote on the budget and the tea party's strategy to defeat the Budget Control Act of 2019.
00:13:42.820You and I, Jim Jordan, and many, many others that have been in the trenches on this thing since the Tea Party revolt in 2009, and particularly the big win in 2010.
00:13:54.040We learned a lot of lessons about how long they'll actually stay Tea Party people once they're here, once they get sucked up by the, this is Paris on the Potomac.
00:14:01.840You get up here, it's totally corrupting.
00:14:04.600The Jim Jordan we have today is not that guy, right?
00:14:44.980But I would never be Speaker of the House either.
00:14:47.340But, but people should know he'll take the meeting with Jenny Beth Martin to hear the Tea Party Patriots point of view, which is not what has happened up on Capitol Hill.
00:14:55.980Last month, the G20 announced a plan to impose digital currencies and digital IDs on their respective populations.
00:17:04.280They don't know what to do with that because they're so used to being able to maneuver in that manner.
00:17:09.060One of the things that are quite obvious since Thursday night last week or Friday is that Jim Jordan, being a good man and being very focused, has never really played at this level.
00:17:21.200What I mean by that, the operations of McCarthy's guys are assassins.
00:17:26.080The people around Scalise maybe are not the assassins that McCarthy's are, but they've been together for 10 years, and they know how to play at this level.
00:17:34.020The fact that Jordan, once he got the nomination, let McCarthy now that the guys over at Punchbowl broke the news, it was McCarthy that asked for the second vote.
00:17:45.200And then they dismissed it and went home.
00:21:36.060There's more than enough—and what—hey, we ought to go back and look at Netanyahu because the United States controls the weapons stocks, including theirs that we've allocated out.
00:21:47.480We sent theirs—now, they didn't fight it, but we sent theirs to the Ukraine.
00:21:52.480That's one of the reasons the ammo play.
00:21:53.840But there's—they're saying we have to have a resolution that with Israel—listen, we can take as long as we need to.
00:22:00.940And this is not going to be done in a day.
00:22:03.460This is going to get—this is going to take—this is going to take a while to chop through.
00:22:07.440Unless they have worked out a deal with this Hakeem Jeffries-endorsed McHenry plan.
00:22:14.940If that has happened, then, you know, all bets are off, and I don't know where that stands at the moment.
00:22:20.840If that hasn't happened, here's what I think will happen.
00:22:42.540Melanie Zonona—I think she's pronounced right—over at CNN.
00:22:46.460She's one of the ones—and they do a good job of doing the—of chasing people down.
00:22:51.080She says, Jim Jordan's team is whipping supporters to vote against the resolution empowering interim Speaker Patrick McHenry, sources tell CNN, which could come up as soon as today.
00:23:02.880That's what Jenny Beth is talking about.
00:23:04.560And Jordan wants to keep fighting the speakership battle out on the floor in public votes.
00:23:09.260So that is the kind of official party line.
00:23:12.020Walk through one more time this resolution.
00:23:13.840By the way, this is coming from one of the worst guys up here.
00:23:18.340If you had a moment—by the way, just my producer, you tell me when we should go to the floor for the nomination speeches, when that starts.
00:25:06.460So right now, when you're making those phone calls, say that you want to know that your congressman will not endorse or support the Hakeem Jeffries' plan to make McHenry the temporary speaker.
00:25:19.360McGovern, I'm getting this from a trusted source, sends it this.
00:25:42.440They're team out of their frickin' minds, and we, and I think that we're looking for some reasonable human beings if, in fact, we're going to go the way of a speaker pro tem.
00:25:56.040So the Democrats, the senior guys are already in on the fix here.
00:26:13.460That's not some community bank down the street from you.
00:26:16.100The Bank of America had to admit, under a lot of pressure, I think they have $131 billion on their balance sheet of unrecognized losses from Biden bonds.
00:26:29.720The inflation, and we keep talking about the refinancing of this $33 trillion, which is, I think, $6 or $8 trillion has to be refinanced this year from 1% interest rates.
00:26:39.020Now, at 5% interest rates, that delta is what's going to make the interest payments in our country up to $1 trillion.
00:26:46.280The law of large numbers is starting to take effect here.
00:26:50.880You can see it on bank balance sheets.
00:26:52.700You can see it in the capital markets.
00:26:54.140And Janet Yellen can't sell the bonds.
00:26:55.760We're having a very difficult time selling the bonds.
00:26:58.380That's why the 10-year Treasury is now, I think, at, what, a 30-year high, 40-year high?
00:27:03.660They announced today that mortgage rates, 30-year mortgage rates are going to go to 8%.
00:27:07.620There's the drop in mortgage demand, I think, is from 1995, and it's only going to get worse.
00:27:13.760We're in a financial crisis right now that these guys not only won't admit, but they're throwing gasoline on the fire with increased federal spending.
00:27:25.320But they're a team reasonable, and we're a team unreasonable.
00:27:28.300We want two things addressed immediately.
00:27:29.760The financial crisis in the country driven by federal spending and the invasion on the southern border, which has, I don't know, 8 to 10 million illegal alien invaders in the country.
00:27:42.060And which is also contributing to the financial issues because we are financially – we are doing things with these people financially.
00:27:48.400By the way, the DHS admits 5.7 million of the illegal alien invaders we are fully financing.
00:27:55.880I mean we're giving them full medical, everything.
00:28:06.080I was looking at the U.S. debt clock yesterday morning, and we're almost at $100,000 per citizen in this country for debt, almost at $100,000.
00:28:29.480You're paying the same price, but you're getting less products.
00:28:31.720So there is a very real personal feeling that things are wrong in this country because of what we are seeing with the inflation, and that's why we're doing this.
00:28:43.400Just keep blowing them until – okay, fine.
00:28:46.180Are you prepared for the unthinkable ahead?
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00:29:40.080The unthinkable can happen at a moment's notice.
00:31:41.920Sacrifice the free markets to save the free markets.
00:31:44.440I would argue, and I think I'd win this argument, the single worst president in the history of this republic.
00:31:49.360It comes down to two people, Buchanan, right before the Civil War in Lincoln, or George Bush.
00:31:56.140I think I went on the Bush thing because I think so many calamities happen on his watch that it's in the whole mentality, just the mentality.
00:32:07.580I remember staying on the House floor.
00:32:08.800I didn't know anything about any of this stuff.
00:32:10.700I remember seeing this guy, and he was saying, and I had worked at Goldman Sachs, and I see how Goldman Sachs avoided bankruptcy.
00:32:16.860I was saying, Hank Paulson was secretary of the treasury, let Goldman Sachs go down on Monday and sign a one-sentence thing that made him a bank holding company, which means they take money from the Fed at basically 2% at that time or 3%, and they lend it to their customers at 4% or 5%.
00:32:32.460So you get cash coming in immediately.
00:32:35.280Made him a bank holding company with the signing of a one-line thing.
00:32:38.500I said, man, this thing is so rigged, right?
00:32:41.200Because when we were at Goldman Sachs, you're doing bankruptcies.
00:33:10.580But you know what you were just describing when you were talking about the bankruptcies that happened then and how other people had to deal with the consequences of their actions?
00:33:19.040My then-husband and I, back in 2007 and 2008, his business went under, and we wound up personally filing bankruptcy.
00:33:27.340We had to deal with those consequences.
00:33:30.280And in the middle of filing bankruptcy in January, maybe in late December, but I think it was January of 2009, we were offered money to stay in our house from Fannie Mae or Freddie Mac, and we refused that money because we were opposed to those deals.
00:33:45.040We were like, no, these companies are not too big to fail.
00:33:58.160McCain suspended his campaign to go back to D.C. to vote the exact same way that Barack Obama did.
00:34:05.200There was no differentiation between Obama and McCain.
00:34:08.460McCain, remember, he – by the way, the day that Lehman went into bankruptcy, McCain and Palin, I think Associated Press had him up by one point.
00:34:16.340This was on September 15th, I think it was.
00:34:25.400Because back then, people didn't really understand how the system works.
00:34:31.280Ten years, you understand how the system works.
00:34:33.820Remember, you've got 63 Republican Tea Party congressmen elected in 2010.
00:34:40.200By the time the new Congress started in 2011, most of them had already been captured by the system, the lobbyists.
00:34:46.560I mean there were some fighters, but eventually the system takes over.
00:34:49.980That's why today is quite black and white.
00:34:52.200No matter what your current thinking or feelings are to Jim Jordan, and we understand everybody loves Jim Jordan 1.0 and not 2.0, not so much.
00:35:19.720Man, you've got two of the worst, French Hill and Steve Womack.
00:35:22.320I mean these are the – I tell you what, when you look at the block that votes the southern – essentially what they've done, they've just – they act like old Democrats in the old Democratic Party in the south.
00:35:34.580We have these old bulls, and they run these things on Capitol Hill, particularly armed services and appropriations.
00:35:40.940They know where the money is, and that's where they run, and they're there forever, and they never respond to their constituents whatsoever.
00:35:52.200Yeah, to get in their grills and to make sure – and to make sure they understand what we are experiencing, what the people they are supposed to be representing are feeling and experiencing.
00:36:02.640They were completely disconnected from that back in 2008.
00:36:07.140You had neighbors who were losing their homes and going bankrupt in most neighborhoods around the country, maybe not all, but many.
00:36:13.720And then you watched as these businesses and people on Wall Street were too big to fail.
00:36:18.940It just was completely wrong, and it was completely broken, and we still are experiencing that.
00:36:24.940And what I think that we're seeing right now – and if they wind up doing this and letting Hakeem Jeffries and the Democrats pick the Republican Speaker of the House,
00:36:34.120if they allow that to happen, then what they are doing is saying there is no difference between the Republicans and the Democrats once again, which is what happened in 2008.
00:36:44.800Okay, folks, what Jenny Beth just walked you through a couple of minutes ago, Olivia Beavers – I think Olivia is over at Politico.
00:36:53.360Jordan's allies, many of them in the conservative House Freedom Caucus, are leading a public campaign against the idea of empowering McHenry,
00:37:03.480arguing it would effectively set up a, quote, coalition government, end quote, because it has Democratic support.
00:37:13.960We want a coalition government between the – I don't know if we're far right, but let's say the right wing of this movement,
00:37:21.420with the centrist and even with the moderate K Street money interest, that's the coalition government we're looking for.
00:37:30.280Now, in fact, we want to be in charge of that and maybe that's a problem they have.
00:37:34.460But the decision is between that coalition on our side of the football and as much as we hate each other and there's some discontent, I would say,
00:37:45.820on our side of the football, that's a better coalition than what they're trying to do.
00:37:50.360What you're seeing is that the money interests are trying to cut a deal with Akeem Jeffries and McGovern and the old bulls in the Democratic Party.
00:37:58.760This is what I do admire about the Democrats.
00:38:16.020When they line them up, they line them up.
00:38:17.840They have discipline and they're able to crack the whip and they have tough leaders.
00:38:21.780I know you hate the sound of Nancy Pelosi's name, but she is a tough leader.
00:38:26.780She's banging heads all the time and making sure they line up.
00:38:29.700The problem we have here, we have too many, I think, beta males and too many weak leaders that are hanging down at the Capitol Grill with the lobbyist every night having dinner.
00:38:40.100Like Kay Granger, in the middle of the appropriations fight, Kay Granger, they're up in your face.
00:38:44.200Kay Granger's the head of the Appropriations Committee.
00:38:47.120We're in these appropriations battles a couple weeks ago.
00:38:49.920Kay Granger's not around for one of the votes because she's taken off.
00:38:52.420She's over at a lobbyist reception and dinner where she's shaking the money tree.
00:39:41.040Krugman and all these guys, you know, the Nobel Prize, all the economists for The New York Times, the same guys that told you this, this radical idea of modern monetary theory, which is absolutely screwball.
00:39:54.480The Republicans in the Senate went along with it, too, that deficits don't matter.
00:39:58.360We said at the time where they were passing all this stuff at the beginning of the Biden regime was going to lead to massive inflation.
00:40:05.480Of course, we were mocked and ridiculed.
00:40:06.740The Biden spending that the collaborations Republicans in the Senate went along with led to the Biden inflation, which led to the Biden bonds.
00:40:19.380Number one, on the balance sheets of the banks, they're trading at 50 cents on the dollar face amount because the newer bonds with higher interest rates are more valuable.
00:40:28.600The older bonds are – you still got stuck with that interest rate.
00:43:34.820We're still going to fight the omnibus.
00:43:36.220But at least you've got a guy there that will take the meeting with Jenny Beth Martin or will hear from the right.
00:43:42.180This was like in Trump's – when Trump got in the White House, all the guys I had known for years, you guys fighting, they said, man, we've never been here.
00:44:02.460That's what Jim – Jim Jordan will at least listen.
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00:45:43.460Well, listen, and we all, your audience, you and I understand we're not going to get everything we want because at the end of the day, things still are going to have to pass the Senate.
00:45:54.680And it's Biden who signs it under law.
00:45:56.920We understand that, but we also understand that the Republicans have the majority in the House, and we should get a few things in this two-year period.
00:46:06.460It shouldn't be, they should not be a rubber stamp for everything that Biden is asking for.
00:46:13.520And that's what it seems like it's shaping up to be, unless we get Jim Jordan and they're a speaker, which is why I say vote for Jim Jordan, call out McHenry,
00:46:22.880tell McHenry not to make a deal with Hakeem Jeffries and not to be used by Hakeem Jeffries for his deal, and call your own congressman and tell them right now the exact same thing.
00:46:34.560Do not go along with the Hakeem Jeffries plan to make McHenry the permanent temporary speaker.
00:46:42.140This is the key, to understand what the, what we call on Wall Street, the bid away.
00:46:46.180The bid away is going to be this McHenry deal.
00:46:48.240This McHenry deal is essentially going to, and this happened, you know, this is why McCarthy got turfed out.
00:46:55.960I mean, the debt ceiling, the CR, in the debt ceiling we had 90, we had 90 patriots.
00:48:01.560But we picked up 12 seats, right, in the big steal.
00:48:04.560Once again, when people understand why you're doing it, right, and all they're losing, every easy decision in this country is in back of us.
00:48:14.380Everything we have going forward is a tough, gnarly decision that somebody's ox is going to get gored.
00:48:20.580The reason is there's no money, and you're going to have to start making tough decisions.
00:48:24.940This is why, from the way the guys spend money, Biden's thing was brave.
00:48:29.680Before he gets on the plane, he dangles out.
00:48:32.580The White House says, tells Bloomberg, Jennifer Jacobs does a great job of it, tells Bloomberg, I'm going to put forward a $100 billion supplemental.
00:48:41.180We don't even have this fiasco of the $7 trillion.
00:48:44.060The $7 trillion budget is not even appropriated and put to bed.
00:48:47.560He's coming out with a supplemental of $100 billion.
00:48:51.880The Israelis, poor Israelis, only asked for $10 billion of just weapons.
00:48:55.220That means the big money laundering operation in Ukraine, Zelensky, showing the love, the $80 billion or $90 billion they promised.
00:49:04.280They told us, oh, it's going to take it to fund it.
00:49:07.340The United States, over $200 billion in Ukraine, right?
00:49:11.980And I want everybody to remember that.
00:49:13.780When your food programs are cut, when the things for kids are cut, when the medical is cut, when it's all cut, they spent $120 billion already in Ukraine.
00:49:43.700And, Steve, I know we're talking about it here and now, but I want to go back.
00:49:48.300You were talking about the 2013 shutdown over Obamacare.
00:49:52.140There was also a debt ceiling crisis back in 2011.
00:49:57.860That's when we learned, if we weren't sure before that happened, that's when we realized, oh, all those people who said they were Tea Party people, there are so few who really are.
00:50:08.620And that experience showed me new rings of hell I didn't know existed.
00:50:14.380But now I practically, I'm never surprised.
00:53:05.600By the way, they have an activist – they have an activist shareholder that's taken a stake in Fox News and said he wants dramatic changes, including the Murdochs.
00:53:15.240Remember the foreigners who ever mentioned that?
00:53:17.720The foreigner Murdochs to give up their control – because they only own, I think, 14 percent of the company, fully diluted – to give up their control of the A-class stock that they control it with only 14 percent.
00:53:27.800This activist investor is going to make changes over at Fox News, including, I think, forcing – getting Murdoch's kid, the incompetent heir, Lachlan, thrown out.
00:53:38.320We took out historically a sitting speaker two weeks ago.
00:53:43.040You then took out the next majority leader, blew him out.
00:53:45.800So you got six scalps, Kenny McCarthy twice, six scalps.
00:53:49.760And that's why – that's why they hate Jim Jordan.
00:53:52.620When Baynard and that entire crowd, and even Newt, said, why would you reward the arsonist that's been with these people from the beginning?
00:54:01.920Yes, this is the folks with pitchforks.
00:54:04.560And today, in a few minutes – by the way, we'll probably roll – the Charlie Kirk show is going to pick it up at noon.
00:56:08.680All these home reps and stuff that are at home, they work off commission.
00:56:12.360And you guys calling them has been amazing.
00:56:14.200And so we're very excited, Steve, that they – I'm going to be down at the factory either this afternoon or tomorrow morning so I can give her a live report from there.
00:56:23.460A lot of them would like to thank everybody.