Episode 3447： Rebuttal To The Disarray Of The Union
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Summary
On this episode of Morning Joe, Mika Brzezinski and her co-host Rachel Maddow discuss Joe Biden's remarks on immigration and the recent mass shooting of a woman in Ohio by an illegal immigrant. They also discuss why Joe Biden should have said, "Undocumented" during his remarks.
Transcript
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Biden is on the run from his record and lying like crazy to try and escape accountability
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for the horrific devastation he and his party have created all the while they continue the
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very policies that are causing this horror show to go. We cannot take it any longer as a country.
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Over the past three years, Biden has actively aided and abetted the importation of millions
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and millions of illegal alien migrants and resettle them into your communities. At any time during the
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past three years, crooked Joe Biden, and he is crooked as you can be and the most incompetent
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president we've ever had, could have called off the invasion. But to this day, he is keeping the
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hordes of illegal migrants and illegal aliens pouring into the country. Pass. And at the end,
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he really leveraged that to say, I have been through these things. I have seen this contest
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between these very dark and light tendencies in American life. Right. And I can tell you what,
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maybe a younger person hasn't lived long enough to know because it's been a bleak era. Yeah. That
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we will defeat. Let me say also small hearted tendencies. You can talk about grandparents and
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parents. Spicy grandpa. Let's just talk about, let's just talk about, let's just talk about Joe
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Biden. For people that have known Joe Biden, I've known him a long time. The Brzezinski's have known
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him for like 50 years. This is like, this is the best Joe Biden. Yeah. That's a joke. Right. This is
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Joe. Well, yeah, but, but also this is Joe Biden who has gotten in trouble. Right. For talking too much,
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for saying the wrong thing at the wrong time, for telling one too many jokes, for getting angry one
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too many times, but for exaggerating like this, this is a Joe Biden that, and, and, uh, as an old man
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myself, that after a while you get the rough edges do get rounded off by age. So we don't have to talk
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about grandparents and parents. We can just talk about Joe Biden past Joe Biden now. And I can tell
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you, I've talked to Joe Biden in private for decades. This is the best Joe Biden.
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Madam Speaker, one of the, uh, clearly ad libbed moments was during the section about immigration.
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And, uh, I'm sure you saw the buttons that your colleagues across the aisle had, and he had one
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of those buttons. We believe it was given to him by Marjorie Taylor Greene. And when she said something
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to him, uh, during his speech, he responded. I think we have that. Let's listen to it.
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Lincoln, Lincoln Riley, an innocent young woman who was killed by an illegal. That's right.
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But how many of the thousands of people being killed by legals?
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To her parents, I say, my heart goes out to you, having lost children myself. I understand.
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Now, you should have said undocumented, but I, it's not a big thing. Okay. What, what's the big
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thing about that? No, no, no, I was, I actually wasn't even going to ask about that. I was just
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going to ask more about the moment, but you do think that he should have said undocumented? That
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wasn't going to be my question. Well, we usually say undocumented. He said illegal. I don't think
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it's a big deal. Okay. I don't think it's a big deal. But, but more broadly. Because I think the,
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his focus was on the sympathy for the family. Yeah. It's a terrible tragedy. And sending crooked
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Joe's illegals back home. Likewise, the sight of a feeble Joe Biden talking about shrinkflation.
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The term he uses is one of the most ridiculous things this country has ever seen. Shrinkflation
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is just another way of saying inflation. It means that you're losing a lot of money because these
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people don't know what they're doing. It was all caused by crooked Joe Biden and the people
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that surround him. It's time to tell crooked Joe Biden, you're fired.
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This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on
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these people. I got a free shot. All these networks lying about the people, the people have had a belly
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full of it. I know you don't like hearing that. I know you've tried to do everything in the world
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to stop that, but you're not going to stop it. It's going to happen. And where do people like that
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go to share the big line? Mega media. I wish in my soul, I wish that any of these people had a
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conscience. Ask yourself, what is my task and what is my purpose? If that answer is to save my country,
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Friday, 8 March, Year of Our Lord, 2024. We've got a lot to get to today and a lot of folks.
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And we're going to break all this down and the starting gun sounded. But we're very honored to
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have Congressman Lauren Boebert from Colorado 4 join us today. And the reason is I wanted her
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because we think so highly of her. We wanted her to come and really give a rebuttal that I think
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has some thought and reflection in it. I'm going to just turn it over to you. You were there and,
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you know, you were gracious. I mean, he's illegitimate, but he happens to have the billet,
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right? And so you heard it. And what's your response to that, to the American people?
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Well, it was really unfortunate to sit in the House of Representatives, in those sacred chambers,
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and hear Joe Biden really address more the state of Ukraine than he did the state of our union.
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Joe Biden seemed to have forgot that he was addressing the American people. And instead,
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he was addressing Zelensky, who's probably sitting on a sofa somewhere in a sweatsuit,
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waiting for his next check. But this is where we are right now. When we have a sitting president
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who props up our adversaries and other countries more than he does the American people, that's why
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we are suffering. He has opened up our southern borders and is pretending to be concerned about
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another country's borders. While we have human trafficking taking place, 100,000 children that
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have gone missing, fentanyl that is pouring in and killing tens of thousands of Americans,
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Americans, and is really devastating communities, even in my state of Colorado, which is now a border
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state. And he did this all with a stroke of a pen. He has had nearly 100 executive actions that have
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allowed and enabled this invasion. The House of Representatives has impeached Secretary Mayorkas
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for the dereliction of duty and the willful intent there at the border to allow these criminal aliens even
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into our country and who have the opportunity to harm Americans like Lakin Riley. And I'm glad that I have
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colleagues who forced Joe Biden to actually say something about her and address that it was an
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illegal alien that killed Lakin Riley. Democrats may want to call him something else, but he is an illegal
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criminal alien. But here's the thing. The American people have a choice this November. We have lived
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under both President Trump and Joe Biden. We have lived under both administrations. Where was your life
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better? Under President Trump, we had a secure border. Under President Trump, inflation was record lows. We had
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record job increases. We were energy independent. We were pursuing energy dominance under President Trump.
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We had world peace with President Trump through his strength, through his leadership. His policies are
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what really had America up and roaring again. And under Joe Biden, he has destroyed everything great
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that President Trump worked so hard for four years to accomplish. He opened our southern borders. We've had
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skyrocketing inflation. Our jobs are declining. And I'm not counting the folks that are forced to have two and three
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jobs just to afford their utility bill and put fuel in their vehicle to get to work or get their kids to school. Our
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groceries are higher than they were. And Joe Biden is complaining about the size of a Snickers bar and how many chips
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do you get to get in the bag, but is failing to address that it is his policies that's causing this
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inflation that these companies are having a direct effect on. And so rather than Joe Biden talking about
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growing our economy by spending more money and offering Christmas wishlist items to American people,
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I can't even count how much money he spent last night in his speech, but he needs to be talking about
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unleashing American energy production. We saw how effective that was with President Trump. He knew
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the power of our God-given natural resources and how to export those and create security and economic
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growth with that energy development. So, you know, we have Democrats who are praising Joe Biden and his
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speech that he disastrously stumbled through so many times. I looked at my colleagues to the left and to
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the right and said, was that a sentence that he just tried to say? And just even struggling to read
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a teleprompter is sad for our nation to see an executive in that position. But right now, the entire
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Democrat Party is parity. And so we have a choice to make. Do you want more of President Trump and his
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policies that enabled American families to prosper and live out their very best lives or more of Joe
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Biden's disastrous policies that are truly socialism and are driving us into common communism? So the
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American choice is clear. Do you want socialism or do you want freedom? Joe Biden or President Trump?
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I'm voting for President Trump because I know my life was better under his leadership. And, you know,
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I do want to add just one more thing. We I said that he talked a lot about Ukraine and sending them
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more money. We've sent them over a hundred billion dollars. He wants to send them even more money.
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Well, even when he spoke about Israel, he offered a two state solution and he kept his remarks very
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short on Israel because there is a young voting population that he knows he is offending when he
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stands in support of Israel. And and so he kept his remarks to the Democrat. You're saying the Democrat
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party into the Democrat party. That's exactly right. And and so we need someone who is actually
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going to stand up for our our greatest ally, Israel, the right way with not just pandering talk.
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But, you know, the State of the Union was was very sad. The address was very sad. And I'm happy that
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it's going to be Joe Biden's last address to the nation. Two things I want to get into the time we
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have. And you've been gracious enough to stay for another block. Scott Besson will actually follow
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Congressman Boebert with an economic analysis of reality versus what you heard last night.
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And I don't really want to get into the style of the rebuttal last night that was selected by
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Johnson and and Ron McDaniel. Really, Mitch McConnell made the decision in that rebuttal last night. I don't
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remember hearing the name Trump and I don't remember hearing it put like you did. This is
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all about a choice. Last night, Biden did accomplish his number one objective was to stop the talk about
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Michelle Obama coming in here. Stop the talk of him being replaced. It's now done. It's Trump and
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Biden. Yes. It was not framed like that on the rebuttal. And my belief is it has to be framed.
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You're going to have a choice. Yes. And these are not close choices. These are fundamentally different
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choices. Absolutely. And that's what he laid out. Do your constituents in Colorado for see it the
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same way? Yes. All of Colorado is negatively impacted by Joe Biden's policies. There's nothing
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that we can point to and say, hey, this is working for Coloradans. You're saying even Denver and the
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metropolitan and not in your district, but the big the great cities of Colorado like Denver, which
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looks like it's in free fall. Right. Well, look at the invasion that's taking place. Denver's a
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sanctuary city. And I really were a sanctuary state. We've had some counties stand up and say,
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absolutely not. But Denver, I mean, we're losing our hospitals. The schools are overrun.
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Our VAs are overrun. Our nursing homes are overrun. And this is all because of the invasion that's
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taking place at the southern border and the millions of dollars that are spent each and
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every day on the illegal aliens in our state is devastating our economy. And so everyone is
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impacted by this. And you've come up with a policy solution to this. I have. And the policy
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solution is pretty up in your grill. That's right. So we're going to inject President Trump's
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policies with steroids and put them all into one. And my bill is called build the wall,
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deport them all. That's exactly what we need to do. Buses brought these illegals into our country
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and buses can bring them out. Joe Biden has snuck people in on planes, over 300,000 flights.
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Immigrants were brought in on flights. So there wouldn't be that extra surge at the southern
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border to try to tuck that in. I've been down there. I've seen it. We need to remain in Mexico
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back in place. We need catch and release. We need to designate fentanyl as a weapon of mass destruction
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because that's what it is. And we need to go after the cartel who have operational control
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of our southern border. They know exactly what's coming into our country more so than we do.
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So build the wall, deport them all. You're saying, hey, I want to shut down and secure
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the border, hermetically seal it. Step one. Step two is that they all got to go. They all got to go.
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These are illegal. They've gained the asylum system. Right. These are illegal alien invaders.
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Even Biden last night called them illegal. Yes. And Nancy Pelosi freaked out. And that pro-Palestinian
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left went off script, right? That's the first question I'm going to ask you when we get back
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is you were in the room. I want to ask you when we get back. In the room is different than watching
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on television. So I want to get the feel for in the room. Okay. Gold this morning, 2,190.
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00:14:41.040
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00:14:45.700
that's because you ran it up to three trillion, bro. It's two-tray and unsustainable. The reason
00:14:49.820
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Welcome back. Now, we had Congressman Biggs on. And, you know, we're huge fans. They're
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always huge fans of Congressman Biggs. And he made the decision. We had Gates on first.
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Gates was going and taking the Army captain with him, the Green Beret that was vaccine
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injured. President Trump. No, just kidding. But Biggs came on right after and said he's
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not going. He said he can't do it. Been doing this long enough. Can't do it. He says he's
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not insulting the office of the president because he thinks Biden's illegitimate, not going
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to do it. You were there. You were quite gracious last night. But put us in the room because
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on TV he's and I realize what he's trying to do. He's trying to convince the Democrats
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stop the Pritzker talk, stop the Whitmer talk, stop Newsom and particularly stop Michelle
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Obama. I got this. I'm your guy and I'm going to take on Trump. I see what he's doing inside
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the room. Would it come across as? Yes. So Joe Biden was making it very clear that he is
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the nominee for the Democrat. There's no doubt in your mind. As a politician, you saw what
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he was doing. Absolutely. Absolutely. He was not allowing any more room. I mean, look, even
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Gavin Newsom right after, you know, put out a tweet saying that Joe Biden would be the
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candidate and the next president. God forbid. But in the room, it's interesting. So Joe Biden
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usually calls a lid by 9 a.m., 10 a.m. and he's starting a speech at 9 p.m., which is pretty
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insane. So, you know, we're all checking pupils and seeing how dilated they are. You're so mean
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girl. Did he look like he was jacked? Well, I mean, you know, he starts off his speech. And I
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mean, listen to the transition and the topics. There's no natural flow. It's like that teleprompter
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is just going as fast as they can. Well, they want to keep it at a limited time. They only got so
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much. They only jack him up. The Adderall only works for so long. Only so much. You know, I mean,
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like, hey, I have a five hour energy every, you know, couple of days or so. But yeah,
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a couple of days or a couple of five hours, a couple of five hours. Yeah. Gosh, some days
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are busy. But, you know, he every every topic that he transitioned into, there was no natural
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pause, which is straight into this. And he's like, oh, we're going to kill all the babies
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and abortion is wonderful. And he's beyond demand. And, you know, and then and then he just jumps
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right into Ukraine or whatever. You know what I mean? It's it's the transitions. We're out
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of this world. But you see towards the end, that's when he starts leaning in. He starts
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whispering to the crowd. Well, guess what? We're not going to do it. And and then I'm
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afraid he's going to turn and start sniffing heads. That's when I get worried. Right.
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I was not I was not close. Georgia Maloney's already on a plane. She's out of here. She's
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out of here. Yes. But then but then after the whispers, you know, then he's going to start
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yelling. And and so then the yelling starts and he gets very, very intense. And, you know,
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that's towards the end of his speech. But on the Republican side, usually we have a few
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things we can stand up in agreement. And this is America. You know, we live in a constitutional
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republic. We're it is part of the body. It is the state of the union. It's the state
00:19:36.740
of the union. And there's usually a few things that we can stand up for. You know, I think
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I had one colleague that stood up for for marijuana and, you know, just like a that would
00:19:47.460
be a P and AOC or, you know, bonded on that. Yeah. So but then we stood for Israel and there
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wasn't anything. Speaker Johnson, correct me if I'm wrong, I think. And we put Speaker
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Johnson on notice yesterday. We didn't want to see a lot of bopping up and down. He was
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he only stood for Israel. Right. Was it? Is that that's that's what I recall. And so
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if he did stand up for something else. But it wasn't much. It was basically Israel.
00:20:08.560
It was. I mean, look, Joe Biden put our Second Amendment under attack, lied to American,
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the American people saying that our economy was roaring, that this is the best America
00:20:18.100
is it roaring for the working class and middle class in Colorado? No. And you hear that? Yes.
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Folks are having to work our independents, even Democrats talking to you about that. Yes.
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So everyone is affected by this economy. And it's devastating because it does not have to
00:20:33.160
be that way. Just with our energy resources alone, we can reduce the cost of living. And
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it's not going to be through government subsidies and all of these bailouts that Joe Biden's promising
00:20:44.540
everybody. All of these Christmas wishlist items. That's not how we're going to get our country
00:20:48.960
back on track. And especially in Colorado, we have been regulated into poverty through the energy
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industry. By the way, the reason gold hit twenty one ninety this morning is because exactly what you
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said. The traders around the world heard you got a two trillion, two and a half trillion dollar
00:21:03.600
deficit on the one you guys working on now, another two trillion on the one that's going to be
00:21:07.560
worked on. It's got to be by September 30th. How are you going to do it? That's why people are
00:21:11.340
looking for alternative either Bitcoin or gold to hedge it. One thing about appropriateness,
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the the the father of the of the fallen Marine, he got worked up where he got worked up because
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there was Biden no mention, nothing like that. He got worked up. He shouted out. Do you think
00:21:32.320
it was overreaction to actually handcuff him and arresting, drag him out of there?
00:21:36.360
I mean, I think that is their protocol. But, you know, to to gosh, my heart goes out to his
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family. I mean, look, I was angry and had an outburst over the same life lost just a couple
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of years ago in the state of the union when Joe Biden was refusing. You stood up. Yes. When he
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refused to acknowledge our 13 service members that were killed by his disastrous withdrawal,
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his surrender. And so I shouted out to remind him of that. But I can't even imagine that father's
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pain and anguish that he lives with every single day. And to be in the same room with a man who's
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responsible for the death of his son and and to keep that in. I mean, that would be near impossible
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to do. I don't I don't know if there's any charges that go with that. I would assume not.
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But you would recommend that Johnson be dropped immediately. And let's move on.
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Oh, yeah, of course. I mean, can you imagine? I mean, and so, you know, my heart goes out to
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to all of those Gold Star families that lost their children unnecessarily because of Joe Biden.
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Talk to me about you're in the room. Something that happened that was unprecedented last night.
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It's never happened in the history of this country. A sitting president, illegitimate as
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he is, directly attacked the Supreme Court. Yes. To their face.
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Threatened them. He threatened the Supreme Court. Walk me through that. What was it like in the
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room? Well, I mean, it was it was bizarre. I mean, is this are you more with Zelensky or
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are you for America? Like, I don't understand because straight into Ukraine, he did go directly
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to our justices and threaten them. And this is following up a 9 0 ruling by the Supreme Court
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to keep President Trump on the ballot. Colorado tried to remove him from the ballot. And and
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this is following up that ruling that he looks directly at them and threatens them and saying
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women have the right to vote. And you're going to find out, well, goodness, I think it's been
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over 100 years since we've had the right to vote. Is women's suffrage over yet? But for
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him to attack them, I mean, this is a separation that I have not seen breached. You know, we've
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seen senators do it, threaten our justices, but a sitting president to do so for the gun
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went off. And it's the general campaign. It's going to be eight months of a grind. But
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the Supreme Court calling out is a very important issue. They have a plan that if they get this
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regime, this regime continues and they take the House and keep the Senate, they will immediately.
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And he said it last night in so many words, they are going to pack the Supreme Court. They're
00:24:07.980
going to expand the Supreme Court. My point is they have no, they are totally lawless.
00:24:12.360
They don't really believe in the institution of this country. They only believe in the
00:24:15.040
institutions as means to power for their own regime. So pivoting to the general election,
00:24:20.980
both in the House, because you guys are going through this debacle that, quite frankly, the
00:24:24.580
moderates and Johnson are rolling over. We're going to have a two, two and a half trillion
00:24:28.260
dollar deficit. How do you justify that going back to your constituents? I mean, they're
00:24:32.620
going to sit there and go, hey, look, Lauren, you're a fire breather. We're sending you
00:24:35.140
back there to kick some butt. Why do we have so many moderates in this party that will roll
00:24:41.540
over? And quite frankly, Johnson had every opportunity to use all the leverage. I really
00:24:45.040
was going to be messy and nasty. You'd be called everything in the book. But to shut down the
00:24:48.740
border, you cut their money off. And audience, I'm not saying Johnson has the power to shut
00:24:52.420
down the border. He has the power and leverage to force a confrontation to make it a national
00:24:56.980
issue. That didn't happen. How do you walk us through the general campaign and how do
00:25:01.280
you justify that if we want to hold the House majority? Correct. Well, there is no justifying
00:25:05.740
that. So that is why we have to focus on elections. And actually, it does start before the general
00:25:10.120
election. We still have primaries that are taking place. I have a primary in Colorado in
00:25:15.220
June. And so we do still have primaries that we need to win and make sure we get strong
00:25:20.400
conservatives elected because I don't have enough reinforcements here in Washington, D.C.
00:25:25.340
to help me leverage the Speaker of the House, apparently, because we did a great job last
00:25:31.800
January with Kevin McCarthy and that leverage. But Kevin wanted that position so badly that he
00:25:37.240
was willing to go along with our concessions eventually. And now, Mike Johnson, he's not in
00:25:43.540
the same position. We suspend all the rules that we fought so hard to get. And we are spending money
00:25:50.500
on suspension. We're not supposed to be doing that. We're giving in to all of the leverage we have
00:25:54.900
to secure the southern border. And it's very frustrating and unjustifiable. The debt is
00:25:59.620
unjustifiable. The minibus that we just passed is unjustifiable. We suspended the rules to pass
00:26:04.800
that. That should not have happened. We fought for 72 hours to read a bill. We fought to be able
00:26:10.000
to add amendments to bills. We fought to have single subject appropriations.
00:26:14.000
What is he afraid of? What is he afraid of? We have his back. We have his back. We are pushing
00:26:21.640
him. And those who are weak in the conference will go along with his position.
00:26:26.920
They're selling they're selling him that if he shuts it down, it's politically terrible and it
00:26:31.080
will lose the majority. Do you believe that? Absolutely not. People are ready for a fight,
00:26:35.960
a fight that actually means something. Shut down the border or shut down the government.
00:26:40.860
A fight we can win. And I know that politically we can win it. This is what's so bizarre about
00:26:45.120
things. The border is the number one issue on both sides of the aisle right now. And this is
00:26:49.640
something that we have been winning on and unfortunately are surrendering on right now.
00:26:54.440
You're so gracious to give this time. I want to announce a big announcement yesterday. We won
00:26:58.800
after five years. All charges dropped or acquitted in Rome about our gladiator school. We're going to
00:27:04.880
be doing just like we did a CPAC for the force multiplier, which is kind of a test module. We're
00:27:09.760
going to be doing one in Phoenix or in Arizona. We're going to do one in Nevada. I want to announce
00:27:15.140
we're going to come out and do one in your district in Colorado. Our staff is going to work at the
00:27:19.060
time with your people. I think people in Colorado for enjoy that be a full day. Oh, my goodness. So
00:27:24.380
we'll do live war room from there. I got to give a shout out to the posse here. So Steve Bannon is loved
00:27:29.200
all throughout America. I travel all the states and I hear about you. But in the eastern Colorado,
00:27:34.140
you are their superstar. You know, you maybe you're their God with a little G. So everywhere that I go,
00:27:40.700
I hear from the posse and they're so excited for everything that you're doing. So they're going to be
00:27:44.900
excited. So we're going to plan it. It's a full day. We're going to have experts out there, subject matter
00:27:49.300
experts about how people, activists and even people have been activists, how you get engaged, how you get
00:27:54.760
involved, because this is a this is a populist movement, a populist uprising, President Trump's
00:27:59.820
movement. And we now game on last night. It started real quickly. Where do people go to
00:28:04.360
find out more about you in this campaign? Because you have a tough primary. I do. Lauren for freedom
00:28:07.960
dot com. So I need all the posse to join me and and help us get over the finish line. But especially
00:28:13.840
those who are in eastern Colorado and even in neighboring states, if you want to come in and
00:28:17.480
join us when we get those dates announced, I'm really excited to have the war room in Colorado.
00:28:21.700
Social media at Lauren Boebert on Twitter X and Lauren for Lauren Boebert for Congress on Facebook.
00:28:29.180
But Congressman, thank you so much for coming in here. Get some Warpath coffee. We're going on
00:28:33.640
the Warpath. Warpath.coffee slash war room for your discount. Get jacked up this morning. Scott
00:28:43.280
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Okay. Scott Besson joins us. Also, Scott, he was going to go after the billionaires. He had a lot
00:30:41.620
of talk. But you can see from the gold this morning, it opened at $21.90, an all-time high.
00:30:49.360
The markets are not buying it. What they heard is just an incredible amount of spending. So look,
00:30:54.040
you're one of the smartest hedge fund guys on Wall Street. Just walk us through, you know,
00:30:58.000
not partisan, not political. We know you're a big Trump guy. But just objectively, as you're,
00:31:03.460
because you're a fiduciary, as you look at it for where you put money, what you heard last night as
00:31:09.100
a fiduciary, just walk us through, what's reality? Well, Steve, let's just look at history, which
00:31:16.500
is what we do at our firm. As you said, I have political views, but I also have financial views.
00:31:23.980
And Joe Biden's problem is he's having to run from his record. And his record is that the millionaire
00:31:34.640
class, the billionaire class, the top 15 percent, has never done so well, never done so well as under
00:31:41.940
Joe Biden. And, you know, the working class, the bottom 15 percent economically, have fared poorly.
00:31:50.740
And, you know, it's because what I call the three I's, inflation, interest rates and immigration.
00:31:58.140
And, you know, is we've got Paul Krugman in The New York Times, Alan Blinder, former Fed vice chair,
00:32:04.280
Princeton professor in The Wall Street Journal, the excoriating the American people that they don't
00:32:10.880
understand how good they've got it. Well, they do know that their purchasing power is down,
00:32:15.600
that there was a huge amount of government spending. And the government spending led to
00:32:21.800
inflation. The inflation leads to high interest rates. And the Biden administration's strategy
00:32:28.100
to keep wage inflation down was to open the border. So, like, the bottom 50 percent,
00:32:34.760
their wages have been suppressed by immigration. And that's not coming from me. That's coming from
00:32:41.760
Jerome Powell, Fed chair, who said it on 60 Minutes three weeks ago.
00:32:49.020
So, when you look at this as a professional and as a macro guy looking to make big bets and
00:32:54.820
with capital, right now you've got, we just had Boebert here, you know, he said, I cut a trillion
00:33:02.960
dollars, but that was, it was three and he took it down to two. But the three was going to go away
00:33:07.520
anyway because of the post-pandemic. When you see a two trillion dollar deficit right now,
00:33:13.920
and the one they're going to work on is going to have another two trillion, we're running at a
00:33:17.320
trillion dollars every hundred days. Just walk me through the mentality. They're financing this
00:33:23.240
short term. She can't sell tens and thirties. She can't go out long. They're financing this short
00:33:27.860
term. So, this is kind of even out of Powell's jurisdiction now. Are we getting to a place
00:33:32.720
that we've embedded inflation and dropping the purchasing power of the dollar that we're just
00:33:39.880
in the vicious cycle? And he's just going to continue to try to press on spending and use
00:33:44.400
treasury and the Fed to prop this thing up? Well, look, I think that all they care about it is getting
00:33:51.520
to November 5th, getting him across the line somehow. And again, from an observational and
00:34:00.220
financial markets point of view, I think that they are engaging in, I've made up a term for it,
00:34:07.520
I call it the maximalist point of no return, is you run big enough deficits, you pile up
00:34:13.740
enough national debt, you keep the size of the government or keep growing the size of the
00:34:20.800
government in the economy, you make the private sector depend on government subsidies, as we're
00:34:26.840
doing with this, or well-named the Inflation Reduction Act. So, you get to a point where it's
00:34:38.500
unfixable. And I think that that's why I've come out from behind my desk and am taking a strong stance
00:34:47.700
here, is if this keeps going the way it is, and if 2024 and beyond is run like this, we will be at
00:34:56.980
the point of no return, where we cannot grow our way out, is there is still a chance for us to be able
00:35:04.360
to freeze, not cut spending, and they put in supply-side solutions, deregulate, push oil prices down to
00:35:17.080
$40, as with President Trump in Greenville a couple weeks ago. He said he wants $40 energy, and he wants
00:35:24.740
that from U.S. producers, the crude and net gas supplying the world. So, you know, there, we can
00:35:38.660
So, I want to go back over this. You're saying, I love it, the maximalist point of no return,
00:35:45.580
they've just doubled and tripled down, and they're not going to stop because they can't stop.
00:35:49.540
In your, I guess, theory of the case, you go like that, you're going to have a crash. It's
00:35:55.200
eventually going to crash. You're going to have a depression. But even if you try to do something
00:36:01.000
here, you're risking having a recession, right? It's just reality. So, your point is, hey, Bandit,
00:36:06.140
I hear you. I hear the war room. You're talking about massive cuts. We want to get to a balanced
00:36:09.260
budget. Yeah, maybe. That's great. But you haven't seen any of that happening close in Congress. So,
00:36:14.780
let's put a pin in that. Your point is, let's just stop the increase in spending. Let's just
00:36:19.380
freeze spending where it is. Freeze it where it is. And then you think there is a plan there
00:36:24.960
with lowering energy costs and other deregulation or deconstruction of the administrative state
00:36:31.420
policies that you can start growing the economy and eventually, and it'll take years, but work our
00:36:37.380
way out of this. Is that your general theory of how we have to do this?
00:36:40.500
Yes. I think that President Trump should come out with a three-arrow strategy, just like Prime
00:36:51.000
Minister Abe had in Japan. And he reinvigorated the Japanese economy. And 10 years later,
00:36:59.580
Japan is—they've come out of deflation, stock markets back to the all-time high.
00:37:05.860
So, you know, I think if President Trump were to adopt a policy of 3 percent real economic growth
00:37:14.620
through deregulation, 3 percent that he would commit to the deficit being at 3 percent instead
00:37:22.440
of 6 percent when he leaves office. So, a gradual decline. And 3 million more barrel equivalents
00:37:32.340
of energy being pumped by U.S. producers that we could stabilize this thing and be on a decade-long
00:37:41.600
glide path to get out. But, you know, I am saying that if it's not done, if that's not started next year,
00:37:51.740
then it is going to be Lael Brainard's view of the world. Now, who is Lael Brainard?
00:37:58.460
Lael Brainard is someone who has never had a job in the private sector. As far as I can tell,
00:38:03.440
the only thing she's ever run is her mouth. And she is the National Economic Council Chair
00:38:10.340
for President Biden. And she gave a very telling speech at the Economic Club of New York last summer.
00:38:17.980
And she basically said, we are going to continue spending. And when we win in 2025,
00:38:26.540
all the Trump tax cuts are going to expire. And we are going to raise taxes just as President Biden
00:38:33.180
said last night. We're going to raise it on people making more than $400,000 a year and on corporations.
00:38:40.280
Well, I can tell you that is a lie. There is not enough money there to fund the spending that they
00:38:56.500
Just for clarification, you're saying right now the deficit is at 6% of GDP. That's unsustainable.
00:39:03.100
Yeah. Mathematically, just in case it's sustainable. You're saying with President, you would argue,
00:39:06.880
let's get it with freezing spending and growth. Let's get it to 3%. Let's get the deficit to 3% of GDP.
00:39:14.800
Yeah. And look, you know, is the households, businesses and markets will react to signals.
00:39:21.760
So if you commit to that, if President Trump were to form something like a bipartisan committee to review
00:39:33.800
the problem that we've got and get some kind of bipartisan buy-in, then the markets will respond to
00:39:40.780
that, that interest rates, you know, interest rates don't have to go down because the economy is bad.
00:39:46.660
But interest rates can go down because you're fiscally prudent. So, you know, if markets could
00:39:53.400
anchor to a, you know, a politician, a leader who actually comes out and commits to cutting the
00:40:03.300
deficits rather than blowing them out, freezing spending rather than, you know, the host of
00:40:08.940
new programs we saw last night, then the, you know, it, it, it could work. But it's like I said,
00:40:17.220
I have come out from behind my desk. I've taken a more public role because of my concern.
00:40:24.740
And, and just to, and we talk about narratives and building up, this is signal, not noise.
00:40:29.200
Your point is on, uh, 20 January, 2025. It, it, there couldn't be a more, a bigger dichotomy or
00:40:38.820
spread between what the two alternatives are. Trump's economic policy that you saw at least
00:40:43.440
part of it in those three years, uh, before the bioweapon hit us of kind of growth, low inflation,
00:40:49.480
low interest rates, or Biden, which the maximalist point of no return, they're all in. And you saw the
00:40:56.060
speech last night, they're all in, and they're not going to back off. I mean, they're going to put
00:40:59.880
the pedal down. And your point is that just not sustainable in the system we have currently?
00:41:06.440
Not at all. It is look, and I think this is intentional. They, they want to get the government
00:41:16.940
bigger in the economy. And, um, it, it was a, a list of handouts last night. And I think what we're
00:41:26.840
seeing in the U S is the American people don't want handouts. American people want the, to be
00:41:32.720
responsible for themselves, but they can't do it if they can't get real wage gains, if inflation is
00:41:39.320
killing them, the, uh, if interest rates are up, the, uh, and, you know, immigration is suppressing
00:41:45.840
their wages. So, you know, what we've got now is a terrible policy mix. And, you know, not only is
00:41:53.360
it blowing out the deficit, you know, I, I think it's the, uh, you know, it's soul crushing for ordinary
00:42:00.200
Americans and it's showing up in the numbers. You know, I, I think it's fascinating. There was a
00:42:05.680
Washington post article this week that said that Bernie Sanders, you know, Senator Sanders,
00:42:12.040
the, uh, avowed socialist was telling Joe Biden that his policies aren't working. Now, you know,
00:42:18.600
I think he has a different worldview than I do. I think his worldview is, well, you know, let's double
00:42:24.260
down when they try to win the election and they go from there. But, you know, I can tell you that
00:42:32.320
Senator Sanders has a more humane view for middle-class and working Americans than the Biden
00:42:37.500
administration does. That, you know, the, that this has been a toxic combo over the past couple
00:42:44.500
of years. And now the chickens are coming home to roost. It is, uh, you know, impossible for
00:42:51.180
millennials to buy homes. The credit card defaults are ticking up amongst the lowest income cohorts
00:43:01.060
and among young people and among young people. And I can tell you, this is why Joe Biden is the,
00:43:08.340
in a fever pitch to cut the student debt because the credit card and auto defaults are ticking up
00:43:15.920
in the 18 to 25 year old category, as well as the lower 50% of the economic cohort. So,
00:43:27.140
uh, you know, there, there, there's a world of pain out there. They've created an asset
00:43:33.620
low palooza. You know, it's like stocks are flying. Interest rates are high. If you've got
00:43:39.040
a lot of money in the bank, you're getting 5% on.
00:43:44.500
Scott, we know you've got a piece coming out that does the analytics on this. As soon as we
00:43:47.700
see it published, uh, wherever it gets published, we'll, uh, we'll push it out. I want to thank you
00:43:51.700
for taking your time away today from your day job to join us here. Very enlightening.
00:44:01.220
Yep. Scott Besson. Oh, it is, it is pure signal, not noise. The toxic brew. Um, this is to me,
00:44:08.840
President Trump, I come and hammer this every day. I mean, he is, he is the best at explaining
00:44:12.700
this and best at connecting with the American people and the working class in this country
00:44:16.660
about exactly what's happened. They're lived experience. That's why Biden's numbers are so
00:44:19.780
terrible. Okay. Short break. We're going to be back in the war room to take it all in
00:44:24.320
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00:46:31.740
So there you have it. It couldn't be clearer. And I think President Trump, you know, my recommendation
00:46:42.660
is to hammer into this because this is a winner. And here's why it's a winner. The polling and all
00:46:47.480
the numbers show you can't fool the American people and the lived experience of their life.
00:46:50.800
And they hate being talked down to. And not just that. They hate being spun. They hate being spun.
00:46:55.620
But the simple fact economy is great. This is great. That's great. And their lives are not great.
00:47:00.140
And it's not great because of the mathematics set here with government spending, which is paying off
00:47:05.720
all their buddies. And every kind of crazy idea they have, the whole Green New Deal and what they're
00:47:11.540
doing, the sustainable energy, which is all scam, all underwritten, paying off their buddies in venture
00:47:16.660
capital and hedge funds that way. So this is one that President Trump, and that's why I thought
00:47:21.420
his pre-bottle, I thought President Trump's pre-bottle was obviously better than Biden's
00:47:27.420
harangue. But on Biden's harangue, my theory of the case there is he did what he had to do
00:47:35.300
politically for himself. He was essentially in free fall among Democrats. He had to convince
00:47:41.500
them, try to convince them that he could stand up against President Trump, mano a mano.
00:47:46.400
Now, we know that can't happen. I'm a huge advocate of anywhere, any place, any time that
00:47:51.480
he just goes in and throws down hard. And the debate will be at a time and place of Trump's
00:47:58.560
choosing. Let's just get a couple of microphones and go hit it. But you're, you know, last night
00:48:05.680
you saw it. That was his best shot. That's his shot right there to say, hey, I can do this.
00:48:09.940
I think it tamped down the Whitmer, Newsom, Michelle Obama. So now it's game on. And when
00:48:16.360
it's game on, you got to draw a strong contrast. The strongest contrast President Trump can
00:48:22.460
do, can make, is that he had this job before and you had three years of peace and prosperity
00:48:28.760
before we hit with a bioweapon. And it wasn't actually that bad during the bioweapon hit in
00:48:34.820
2020. They threw everything at him. But if you look at the math and what he did, which was a
00:48:40.280
reasonable, remember back in the old days when we were in pandemic, we talk about the massive drop in
00:48:44.200
aggregate demand. As economies were shutting down, as the supply chain got tied up in China,
00:48:51.240
aggregate demand, this is kind of a Keynesian term, aggregate demand, it was a free fall.
00:48:55.080
We talked about that bridge. You've got the Trump economy of 19 on one side and you got
00:48:59.720
the sunlit uplands on the other. You have to get through that when you have a massive drop in
00:49:04.300
aggregate demand. And President Trump did that in a very reasonable, I think it was $1.1 trillion
00:49:09.160
bill to, and it was not perfect, but at the time you had to make those decisions, but it was pretty
00:49:14.780
damn good. And it got it going. Biden then comes in and as reasonable people like Larry Summers and
00:49:22.900
War Room and Peter Navarro and Dave Bratt and others, we said, no, these bills you're putting
00:49:28.520
through, the inflation reduction at these Orwellian, as Scott Besson says, these Orwellian named
00:49:34.000
bills, it's just adding trillions and trillions and trillions of dollars. And right now with the
00:49:41.700
economy coming back full, what's it going to do? It's going to make, it's going to drive
00:49:45.380
prices up. And that hasn't changed. Remember, inflation is accumulative. And the purchasing power
00:49:52.080
of the dollar is kind of the reverse of it. So you've had a 17 or 18%, 19% drop in purchasing
00:49:57.640
power of the dollar. The BRICS nations are, this is why we did the birch gold over the last three
00:50:03.720
years on the prime reserve currency. The BRICS nations are not idiots. The people that, a staff
00:50:11.260
that around their finance ministers, you know, all went to Sloan School at MIT, all went to the
00:50:18.220
University of Chicago, Harvard Business School, Stanford. They know how to work in HP 12C.
00:50:22.080
They can do the numbers. They can do discounted cash flow and say, hey, you know what we should
00:50:26.780
do? Go buy gold to back it up and figure out we have to de-dollarize. Why? Because maybe the
00:50:32.940
war room posse has to suck on this. Maybe the deplorables have to suck on this. Maybe MAGA
00:50:36.980
has to suck on it. American citizens have to, but we don't have to. They're voting every day to do
00:50:42.760
that, to get off the dollar. Why? Because the elites in this country have complete irresponsibility.
00:50:48.600
And you're seeing it right here on Capitol Hill right now with Johnson in the House.
00:50:53.300
But you saw in the Senate last week, you had these patriots. Senator Tuberville is going
00:50:57.180
to join us in a moment. You've had these patriots trying to put just good old American common
00:51:01.260
sense and saying, guys, we can't continue to have two trillion dollar deficits. What
00:51:06.360
Biden said, look, the world is an efficient market. That's one of the first things. Over
00:51:11.200
time, given information, markets will tend towards efficiency. And that will mean, you
00:51:16.540
know, price discovery, you know, appropriate price discovery. Right. So markets are efficient
00:51:22.720
over time. The world is an efficient market over time. This is why you saw the pop in
00:51:27.960
gold this morning at 2190. The first trades hit it. Why? Because they saw last night the
00:51:33.000
happy talk. They saw, as Congressman Bovard said, even a more Christmas tree of spending.
00:51:37.860
Did you see anything there? They hide it by calling it investments. They do that because
00:51:43.740
that's a political operatives term. They've test marketed that people, the working class
00:51:48.380
people, middle class people. Yes. Investments are good. You know, I want to invest. I should
00:51:52.720
invest. Investments are good. If the government's investing, maybe that's a good thing. So they
00:51:56.680
take spending, which is enslaving you, and they turn it to a word investment. So, well, that's
00:52:01.820
not just talking about investment. That just means, you know, we're at seven trillion dollars
00:52:05.400
in this budget now. It's going, and the point is, and by his economy is not working, why
00:52:09.680
do we get these bigger gaps? Why is war room always right on what the deficit is? And the
00:52:14.800
Biden regime's projections are wrong. It gets down to, one, the supplementals they throw in
00:52:20.860
there, but number two, they always miss on the tax revenue. Last year, their projections
00:52:26.200
were five trillion dollars. We said, we don't think that's going to happen. We think it's
00:52:29.740
going to least miss by 500 billion, be four and a half. Right. And that will drive this
00:52:34.340
over two trillion. Well, guess what? Shazam. It came out at 4.4. They missed it by $600
00:52:39.580
billion. This math is not that complicated. As I keep saying, this is not quantum mechanics.
00:52:44.720
Now, right there, you had Scott Besson, one of the smartest hedge fund managers in the
00:52:49.020
world with one of the best track records. He just lays it out right there. He says this
00:52:52.760
toxic brew that they've got between Treasury and the Federal Reserve and the fiscal irresponsibility
00:52:59.000
is going to continue. They have to do it. They're doing a maximalist, maximalist policy
00:53:04.700
of no return. That to me is absolutely, and working class people understand this. This is
00:53:10.060
the one I took over the campaign in August of 2016. Remember, for the first week, Hillary
00:53:14.960
Clinton came off the beach and just attacked me. Xenophobe, racist, nativist, bad guy, terrible,
00:53:20.980
all this stuff. And I sat there with the staff and said, hey, if she's going to come in and play the
00:53:25.700
racism xenophobe card, and we just continue to hit back with economic nationalism, people in the
00:53:32.480
upper Midwest, in states like, I'm going to pick a couple of random ones, Wisconsin, Michigan, and
00:53:37.460
Pennsylvania will hear that. And we will win. And we will win with over 300 electoral votes. It is the
00:53:43.600
same situation today. They contract, in fact, it's even starker. Hillary Clinton was about to manage
00:53:49.220
the decline of our nation. It leads them to manage the decline of our nation. This is full-on pedal
00:53:53.540
to the metal, driving over the abyss. When a guy like Scott Besson sits and goes, this is a Maximus
00:53:58.840
policy of no return. You know, he's not an alarmist. He's not Steve Bannon with his hair on fire every
00:54:04.440
day. This is a prudent fiduciary. Okay, short commercial break, 90 seconds. Coach Tuberville,
00:54:11.800
one of the voices of reason in the United States Senate, joins us here in the war room in studio.
00:54:19.220
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