Bannon's War Room - September 09, 2024


Episode 3889： Fixing America's Manufacturing; The Lies In The Job Market


Episode Stats


Length

55 minutes

Words per minute

145.4066

Word count

8,107

Sentence count

628

Harmful content

Misogyny

12

sentences flagged

Hate speech

12

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Kamala Harris is the Democratic presidential nominee. She's running against a man who's been found liable for massive fraud, and who knows how to lie so much that he was found liable in a case that the judge called rape.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 truth is, and you deliberately choose lies. You know where the light is, and you deliberately
00:00:06.180 choose the darkness. You do it deliberately because you know, and I know, 63 federal judges
00:00:14.840 said there was no evidence of any, any fraudulent behavior, any widespread voter fraud in 2020.
00:00:24.600 The United States Supreme Court, time and again, refused to listen to these because there was,
00:00:32.220 there was nothing there. The one time they did in a Pennsylvania case, the most conservative
00:00:37.000 justices said, you know what, even if we responded to this case, it wouldn't change the outcome of
00:00:46.580 the election. You had Republican officials in Michigan, Republican officials in Pennsylvania,
00:00:52.320 Republican officials in Georgia, Republican officials in Arizona repeatedly say
00:00:59.220 that their elections were fair, and yet the lies continue.
00:01:04.180 So what do you, what are you looking for in the debate with Kamala Harris?
00:01:08.260 I don't feel good about it at all. I'm sorry. She'll be face to face with a convicted felon,
00:01:13.840 a man who has been found liable of massive fraud, a man who knows how to lie so much. He ripped so
00:01:21.180 many people off millions and millions of dollars on top of that being found liable for sexual abuse
00:01:28.740 in a case that the judge called rape. This is not a good guy. Sky is convicted in a hush money case
00:01:35.600 where I paid off a porn star. He can get anything done. He can say anything. He doesn't follow by any.
00:01:42.280 Get me out of here. God, I can't stand this shit. I mean, Mika, let me remind you.
00:01:50.940 He can get anything done. He can say anything. He doesn't follow by any.
00:01:55.640 Get me out of here. God, I can't stand this shit.
00:01:59.540 Get a little feedback loop here. I got the posse here. I want to watch the chat today.
00:02:05.820 Have you got any stuff you want me to ask here? Look, here's what's interesting about Mika.
00:02:13.820 It's like everything she's saying about Donald Trump is the same thing she could have said in 2016
00:02:24.960 when Joe and Mika actually played a very critical role in Donald Trump getting elected.
00:02:35.100 I don't know if you remember this or know this or something, but I got that institutional memory.
00:02:39.900 It's like it was all kumbaya before the heads of MSNBC told him to flip on Trump.
00:02:47.660 So give me a friggin' break. Navarro in for Bannon. We got a great show today.
00:02:55.040 Let me give you the preview. I'm going to give you my handicap on whether we're going to go into a recession,
00:03:06.580 whether the stock market is going to crash. We'll do that in what we call the A Block, the first segment.
00:03:11.520 And I'm going to have EJ and Tony come on in the B Block towards the bottom of the hour and give his version.
00:03:20.720 And between the two of us, I think we'll get a pretty good idea of the current state of play in the economy,
00:03:27.000 which is obviously important in and of its own right.
00:03:31.820 But given that we're less than 60 days out to election, if we have a crash or a slowdown,
00:03:41.020 that would obviously harm the chances of Ms. Harris from being the next Democrat dictator to throw us all in prison. 1.00
00:03:52.840 Bottom of the hour, Richard Barris, my favorite pollster, is going to come on and talk a little bit about
00:04:02.980 how things are looking right before tomorrow night's debate.
00:04:06.480 And then it's going to be so much fun next hour, bringing our top China CCP new analysts on, Adam Malon.
00:04:23.980 And what we've been doing together is working on a project where it's like a tale of two lives,
00:04:31.300 where we look at how J.D. Vance is growing up in Middletown, Ohio, getting hammered by Chinese communist economic aggression.
00:04:48.100 His running opponent, VP opponent, Tim Waltz, Tampon Tim, Manchurian Candidate Tim, Beijing Tim, Tiananmen Tim, whatever you want to call him.
00:05:00.540 It's really kind of extraordinary.
00:05:02.660 The two things that really are interesting about these guys is that J.D. and his family and community are getting hammered by the communist Chinese cheating. 0.93
00:05:13.900 And Tim Waltz is over there sucking on the Chinese teat from the money that they're making from hammering J.D. Vance's community. 0.99
00:05:24.360 I mean, the symmetry there is kind of interesting.
00:05:28.440 And then, of course, the other parallel, J.D. rides to the sound of the guns in Iraq.
00:05:35.800 Tim Waltz runs away from it.
00:05:38.000 So we're going to kind of break that down for you with Adam.
00:05:43.460 He's a very interesting young man.
00:05:45.540 He speaks Chinese fluently, much better than Tim Waltz, by the way, and reads it as well.
00:05:55.860 So he gives us insights into what the Chinese communist propaganda are saying.
00:06:01.520 Then the bottom of the hour, next hour, we're going to bring in my good friend Clay Clark.
00:06:07.460 There's a Lollapalooza event.
00:06:12.020 Clay's going to tell us about in North Carolina just a few days before the election.
00:06:17.680 And that state, it's in play.
00:06:23.600 It was tight last time.
00:06:26.520 It'll be tight again.
00:06:28.180 We absolutely have to win that.
00:06:30.200 And we're going to talk a little bit about how that might be done.
00:06:34.580 But let me deliver what I promised, though, in this segment.
00:06:40.180 But here's something that's really interesting.
00:06:48.560 Try this in the chat.
00:06:49.920 I'll put this out here, see who gets the number right.
00:06:52.200 So 50% of the population of America control what percent of the nation's wealth?
00:07:04.160 50% of the country control what percent of the nation's wealth?
00:07:10.320 And why this is important is going back to when Romney made that intemperate remark behind closed doors just before the election that did not do him a lot of good,
00:07:23.340 where he observed that 47% always vote Democrat because they're on the government teat, welfare folks, right?
00:07:37.640 So the answer is 50% of Americans control 94% of the wealth.
00:07:46.800 So the other half, the other half has to live off 6% of America's wealth, okay?
00:07:54.100 That's kind of interesting.
00:07:57.020 But here's what's the bad news for Kamala Harris and the Democrats. 0.98
00:08:04.500 It's like usually the 50% that are the 47% that Romney said were on the government dole vote Democratic to keep themselves on the government dole.
00:08:17.480 But here's the problem.
00:08:19.120 There's no amount of government dole that's keeping pace right now with inflation.
00:08:26.900 And these folks, they have to choose between food on the table, medicine in the cabinet, a roof over their head, and it ain't working.
00:08:38.400 So in this economy, in the Bidenomics economy, it's kind of interesting.
00:08:44.420 Like right now, the top end, and I'm not talking about the 1%, I'm talking about the 50%, are doing way better than the bottom 50%.
00:09:01.520 And if Donald Trump takes even a small fraction of that traditional group of folks who vote Democrat because of the welfare safety net that they think that they absolutely have to have rather than jobs and prosperity, that's the election right there.
00:09:27.020 So therein lies the balance here.
00:09:32.060 Now, in terms of what's going on, if Denver could put up that one chart of something called the ISM Manufacturing Index, to me, this is all about things.
00:09:47.100 You look at this thing, but look at the – it looks like a mountain there with a little peak, right?
00:09:55.380 And what the ISM Manufacturing Index is, it's a 0 to 100 diffusion index.
00:10:02.580 And what it does is tell you whether or not the economy is going to go into a recession or not.
00:10:09.420 And in the old days, it used to work pretty damn well.
00:10:12.920 If the ISM were below 50 for a while, that was going to be a recession.
00:10:20.560 It doesn't work so well anymore because we lost our manufacturing base to the commies, and we engage in so much irresponsible fiscal stimulus. 0.99
00:10:34.260 But what's interesting about this is that it shows the contrast between Bidenomics and Trumpnomics.
00:10:44.460 In March of 2021, this was just a couple of months after Biden took office, the ISM was an astonishing 64.7.
00:11:00.600 Now, that had nothing to do with Biden.
00:11:03.240 It had everything to do with Donald Trump because that's kind of the lags that are kind of involved.
00:11:09.480 And what we've seen since then is a steady decline to 50 and then below 50, and the current number is 47.2.
00:11:22.240 So we've been in a situation where the investment part of the GDP growth equation, consumption, investment, government spending, net exports, that investment thing has been basically in the toilet throughout the Biden regime.
00:11:41.000 So why haven't we gone into a recession?
00:11:45.000 And you have to look at the other two domestic elements, consumption, right, and government spending.
00:11:55.000 And what we've had is a consumer-driven growth, and the consumer-driven growth is due entirely, entirely to Bidenomics, fiscal Keynesian-type overspending,
00:12:23.060 which in the first wave gave households a bunch of money that they could squirrel away and save and then draw down the savings.
00:12:36.500 And then in the second wave, and remember Kamala Harris made the tie-breaking vote for these budget-busting bills, injected more money into the economy. 0.99
00:12:46.940 And that's been keeping it going, and E.J. Antony is going to come up next, makes the point in his latest article that Biden and Harris have added in four short years one quarter of the entire debt held by America.
00:13:13.980 That is Keynesianism, not on steroids, but on some other kind of stimulus that makes steroids look like non-caffeine tea.
00:13:34.700 So we've got trouble in the investment section of the GDP equation, but it's being overcome by the C and G, the consumption and government spending.
00:13:47.280 And then in terms of the net exports, we just keep running our trade deficit higher and higher.
00:13:53.220 That detracts from our growth on net.
00:13:56.640 But the Communist Chinese have been running their trade deficit up.
00:14:00.380 But it hasn't been enough of a loss to offset what has been an orgy in consumer spending and a Roman orgy in government spending.
00:14:12.740 So right now, it doesn't look like the consumer is slowing down all that much.
00:14:22.360 Right now, the stock market is on an AI high.
00:14:30.560 And when we come back with E.J. Antony, we'll figure the rest of this out.
00:14:36.220 Peter K. Navarro in for Stephen K. Bannon.
00:14:38.760 You are in the war room.
00:14:41.660 We'll be right back.
00:14:42.560 Stay right here.
00:14:43.060 It's obvious the unthinkable continues.
00:15:02.520 Most Americans know something is very, very wrong.
00:15:07.100 The people in charge keep telling you that everything's fine and to stop noticing.
00:15:11.040 But, you know, better.
00:15:11.760 That's why self-reliant folks are investing in emergency food storage. 1.00
00:15:17.560 And you should, too.
00:15:18.620 My Patriots Supply, the nation's largest emergency preparedness company, are the ones you can trust.
00:15:24.600 Go to MyPatriotsSupply.com and secure their best-selling three-month emergency food kits.
00:15:29.860 Each contains tasty breakfasts, lunches, and dinners averaging over 2,000 calories per day.
00:15:36.220 My Patriots Supply also sells solar generators, gravity-powered water filters,
00:15:40.420 off-grid room heaters for when the power goes out.
00:15:44.800 They also sell heirloom seeds and survival gear.
00:15:48.280 Order by 3 p.m. and your items shipped that same day and arrive quickly on your doorstep in unmarked boxes.
00:15:54.780 Go to MyPatriotsSupply.com today.
00:15:57.580 Hope is not a plan.
00:15:59.680 My Patriots Supply is a plan.
00:16:01.820 Time is running out to prepare for what's coming.
00:16:06.200 MyPatriotsSupply.com.
00:16:07.840 Go there today.
00:16:08.880 Action, action, action.
00:16:10.500 Nearly $1 trillion of infrastructure and pandemic funds yet to be spent.
00:16:17.080 That's right.
00:16:17.720 There's a massive amount of money that the lame duck administration is pushing hard to spend in their last few months.
00:16:24.020 If Biden can push out these funds, we could see another prolonged inflation surge, just like during COVID.
00:16:30.940 And I'm sure you remember the terrible effects that high prices had on Americans and still do.
00:16:35.040 But there's hope.
00:16:36.280 A surge in prices can be beaten.
00:16:38.460 A gold IRA from Birch Gold Group is the ultimate inflation hedge for your savings.
00:16:43.800 To see how to protect your IRA or 401k, get a free info kit on gold by texting the word Bannon to 989898.
00:16:55.200 Plus, Birch Gold's special offer has been extended through the election.
00:16:59.700 When you make a purchase, they're giving away free Trump silver coins.
00:17:03.080 These unique collectibles depict Trump defiantly raising his fist after the attempt on his life.
00:17:08.700 Don't miss your chance to own this one-of-a-kind piece of history preserved in a silver coin.
00:17:13.960 Protect your savings from Biden's spending spree and get your free Trump silver coins.
00:17:19.920 Text Bannon to 989898 today.
00:17:25.480 That's Bannon to the number 989898.
00:17:29.040 Because you've got 99,000 jobs, according to ADP, created in the private sector during the month of August.
00:17:35.920 That is far lower than the 145 anticipated.
00:17:38.920 Remember, we got 145,000 total jobs, 114,000 total jobs in August from the government.
00:17:45.380 And the expectation has been that that would jump up.
00:17:48.380 But it has not jumped up, at least not in the ADP numbers.
00:17:52.060 Hey, Navarro here, in for Bannon.
00:17:59.200 Looking at the live chat on Rumble.
00:18:03.260 Shout out to Neil Allen, my brother.
00:18:06.000 This guy, Log Jam Posse, this guy, he's a plant here.
00:18:11.820 So get on his ass for me, will you?
00:18:14.560 He's not worth having around.
00:18:17.340 So EJ Antony, I want to bring him in right now, pose a question.
00:18:28.100 EJ has been at kind of the forefront of pointing out that the net effect, even though the unemployment rate's been low and there's been a net creation in jobs,
00:18:40.600 the net effect on American workers, American-born workers, American citizens, has been to lose jobs.
00:18:48.100 That is, you got more illegal aliens coming into the workforce and grabbing jobs, and you got Americans losing them. 0.99
00:19:00.500 So I wanted to – the first thing I wanted to pose the question to is, EJ, there's this big discrepancy between the numbers of jobs that are reporting and the household survey data, which is much lower.
00:19:13.840 And my theory is that illegal aliens simply aren't responding to the survey and that they're actually creating that amount of jobs in the payroll survey,
00:19:25.460 but they're going to illegals and the data's not showing it.
00:19:29.180 So anyway, EJ, welcome to the War Room.
00:19:31.560 As always, have at it, brother.
00:19:34.440 The microphone's yours.
00:19:36.320 Well, Peter, thank you for having me.
00:19:38.020 I think there's definitely a case to be made there that you do have a lot of these illegal aliens not responding to these government surveys in terms of the labor market,
00:19:46.880 just like they don't respond to a lot of other government surveys, whether it's census data or otherwise.
00:19:52.400 Bill Beach, who used to be the commissioner at the Bureau of Labor Statistics, has made a very similar case where he thinks the population numbers in the United States as well as the employment numbers are probably way off today in large part because of exactly the effect that you're describing, Peter.
00:20:08.340 Now, we have a lot of other things, I think, going on here as well, which help explain that big gap between payrolls and employment.
00:20:16.020 Now, people at first may think, well, how are those two not equivalent, right?
00:20:20.160 Part of it is because you have the phenomenon of double counting when it comes to payrolls.
00:20:25.080 In other words, if I work a job at one institution, but then I also have a second job or even a third job somewhere else, at every single place of business that I work, I get counted as an additional payroll.
00:20:37.180 Furthermore, that's true even if they're only part-time jobs.
00:20:40.620 And as we've seen over the last year, we've been hemorrhaging full-time jobs, losing well over a million, and replacing them with all part-time jobs.
00:20:49.160 So folks have been losing full-time jobs, replacing them with part-time ones, multiple part-time ones.
00:20:55.200 That's increasing the number of payrolls without increasing the number of people who are employed.
00:21:00.060 You also, because we're in a cost-of-living crisis, are seeing another phenomenon where people who still have their full-time jobs are having to go and get a part-time job to supplement their income.
00:21:10.300 A lot of American families are doing this today to try to cope with inflation.
00:21:14.660 And again, the consequence of that is that you can not increase the number of people employed, but you can increase the number of jobs.
00:21:23.480 So we're seeing a lot of effects like that in the labor market today, which have turned things that are normally a sign of improvement into a sign of impoverishment.
00:21:33.120 In other words, people are getting additional work more so out of desperation than anything else.
00:21:38.580 But it is clear at this point that the economy is really not increasing the number of folks who are employed.
00:21:44.660 It's certainly not the number of legal residents who are employed.
00:21:50.520 So you have, in short, you've got illegal aliens stealing American jobs. 0.99
00:21:58.480 And then you've got Americans losing their full-time jobs, probably because employers don't want to pay them health insurance.
00:22:08.640 And then having to take multiple jobs in order just to stay afloat.
00:22:13.120 Is that kind of the top line there?
00:22:14.760 Well, Peter, I think it's important to point out there's a huge difference right now between the influx of illegal aliens we're seeing today versus the immigrants that came during the Trump years.
00:22:27.560 You know, if we go back during that great expansion of the economy when Trump was president, we saw increases in both foreign-born and native-born employment.
00:22:38.840 And actually, we even saw a faster rate of increase among foreign workers than we did for native-born Americans, except any native-born American essentially who wanted a job was able to find them.
00:22:51.060 Part of that is because we didn't have a massive increase in almost exclusively low-skill labor.
00:22:57.640 We had many more immigrants coming to this country who were high-skilled.
00:23:03.580 Let me pose a puzzle to you because, I mean, this isn't supposed to happen.
00:23:10.200 Illegals aren't supposed to be able to just walk in and take jobs. 0.55
00:23:15.640 The employers have a responsibility to check their documentation.
00:23:21.260 Has the Biden regime basically just ignored all that?
00:23:26.160 I mean, how is that happening?
00:23:27.640 How are American companies, corporations, hiring literally millions, millions of illegal aliens, which is illegal under the law, and getting away with it? 0.84
00:23:43.420 What's going on there?
00:23:45.360 Well, Peter, it doesn't seem like there's been any effort whatsoever among this administration to enforce any of those laws.
00:23:53.060 In fact, they are allowing states like California to openly flaunt those laws.
00:23:59.100 I mean, look at California is probably the best example of this.
00:24:02.320 There may be others, but as far as I know, California, again, is the best example of this here, where they are not only giving welfare, for example, to illegal aliens, but they are creating whole new welfare programs exclusively for illegal aliens. 0.67
00:24:18.420 So the last thing that they are going to do is in any way turn these folks away.
00:24:23.560 They're not going to do anything to prevent businesses from hiring them.
00:24:27.780 And the consequence of that is that's where the jobs are going to go.
00:24:33.320 What do you make?
00:24:34.440 I don't know if you're a stock market observer at all, but what do you make about the sustained, bullish, seemingly bullish move of the stock market?
00:24:45.500 How do you account for that if there's underlying rot in the broad economy, which I think there might be?
00:24:56.680 What's your take on that, or do you not go there?
00:25:00.000 Oh, no, I follow the market very closely.
00:25:02.600 I do a lot of consulting on this as well.
00:25:04.560 One of the things we have to remember, Peter, is stocks are priced in nominal terms.
00:25:08.960 In other words, it's just a metric of the dollar.
00:25:12.980 It's not so much a metric of the dollar's value, but rather these things are priced using dollars.
00:25:19.820 So as the value of the dollar goes down, it's just going to take more dollars to buy the exact same stock in this case.
00:25:27.020 And what we've seen under the Biden-Harris administration is more than two-thirds of all the increase in equities has been exclusively from a devaluation of the dollar.
00:25:37.780 So it's not as if the real worth in these companies has increased.
00:25:41.760 Two-thirds?
00:25:42.980 Yes, that's right.
00:25:43.920 About two-thirds of the increase has simply been a devaluation of the dollar as opposed to an increase in real value.
00:25:51.900 And it's actually even worse if instead of using the official inflation metrics, you look at something like the price of gold,
00:25:58.400 and you use that to essentially adjust for the increase in equities.
00:26:04.300 I mean, my goodness, you look at gold versus the S&P over the last about half a century, it shows no real change in that stock index.
00:26:12.500 I mean, that's just absolutely terrible.
00:26:13.940 But it gives you an idea of just how much the dollar has lost in value and probably why it's such a good idea to have gold as an inflation hedge.
00:26:24.000 So we've got 60 seconds left.
00:26:27.720 Tell people how to get a hold of you.
00:26:29.860 But handicap, where we'll be on November 5th?
00:26:33.500 Are we going to have a recession by then?
00:26:36.940 Are we going to have a bear crash?
00:26:38.820 Or is everything going to be just like it is today?
00:26:44.060 Well, one of the things that markets are also betting on at this point is a Trump victory.
00:26:48.040 If you look at how markets perform when Trump is ahead versus either Biden or Harris have been ahead, stocks have done significantly better.
00:26:56.060 It's almost an order of magnitude better when Trump has been ahead over the last 12 months.
00:27:01.180 So there definitely seems to be a Trump victory that's also getting priced in here in terms of, you know, where are we going to be in November?
00:27:09.180 At that point, the Fed will probably have have already cut rates at least once.
00:27:13.540 You know, we'll see if they manage to get a second one in in an emergency meeting.
00:27:17.600 Probably not.
00:27:18.400 Probably just once.
00:27:19.440 But that's likely where we'll be in terms of recession.
00:27:22.540 You know, it will not have been declared by that point.
00:27:24.860 But I would not be surprised if a recession is backdated to have begun at about this time,
00:27:29.840 given how many things have turned down in this economy.
00:27:33.140 Yeah.
00:27:33.760 Yeah.
00:27:34.340 All right, my friend.
00:27:35.320 How can folks get a hold of you?
00:27:37.760 Best place to find me is going to be on X.
00:27:40.000 And the handle there is at real EJ and Tony.
00:27:44.440 All right, my brother, we'll catch you next time.
00:27:47.180 We'll watch this carefully.
00:27:48.700 And EJ is really on top.
00:27:50.740 It's obvious the unthinkable continues.
00:27:53.400 Most Americans know something is very, very wrong.
00:27:57.200 The people in charge keep telling you that everything's fine and to stop noticing.
00:28:01.940 But you know better.
00:28:03.440 That's why self-reliant folks are investing in emergency food storage. 1.00
00:28:08.440 And you should, too.
00:28:09.460 My Patriots Supply, the nation's largest emergency preparedness company, are the ones you can trust.
00:28:15.500 Go to MyPatriotsSupply.com and secure their best-selling three-month emergency food kits.
00:28:20.160 Each contains tasty breakfasts, lunches, and dinners, averaging over 2,000 calories per day.
00:28:27.160 My Patriots Supply also sells solar generators, gravity-powered water filters, off-grid room heaters for when the power goes out.
00:28:35.620 They also sell heirloom seeds and survival gear.
00:28:39.160 Order by 3 p.m. and your items ship that same day and arrive quickly on your doorstep in unmarked boxes.
00:28:45.660 Go to MyPatriotsSupply.com today.
00:28:48.440 Hope is not a plan.
00:28:50.560 My Patriots Supply is a plan.
00:28:53.300 Time is running out to prepare for what's coming.
00:28:56.980 MyPatriotsSupply.com.
00:28:58.740 Go there today.
00:28:59.760 Action, action, action.
00:29:01.880 All right.
00:29:02.760 So let's just say the polls match up perfectly to what the results end up being.
00:29:07.740 Kamala Harris would win this election with 292 electoral votes to Donald Trump's 246.
00:29:12.900 But let's just say we move the current polls and let's say the result differs by them by a single percentage point.
00:29:19.980 And Donald Trump is the beneficiary of it.
00:29:22.360 Look at this.
00:29:22.880 If Trump outperforms his current polls by just a single point, you take that Kamala Harris win and look at this.
00:29:28.520 Donald Trump gets 287 electoral votes because the bottom line is Pennsylvania would flip up here and you would also get this flip out in Nevada over here.
00:29:38.960 And that, my friends, is what we're talking about.
00:29:41.140 Peter K. Navarro in for Stephen K. Bannon.
00:29:47.300 We're going to bring up Richard Barris momentarily.
00:29:50.980 Just a shout-out to Matrix Man in the chat pointing out that Walmart in Pocatello, Idaho, is hiring illegals to deliver to your mom and grandma.
00:30:05.820 There's just one little data point to confirm our theory.
00:30:11.300 And then a lot of you are asking in the chat when's Steve going to get out of prison.
00:30:15.560 He's scheduled to get out, and this was no coincidence, just a few days before Election Day, which basically takes him off the table for the entire campaign season.
00:30:29.640 But he does have a motion in for an early release that I've talked about on the air.
00:30:37.800 And I think that there's a good chance that that motion will prevail because it should prevail.
00:30:45.800 The problem, of course, is the court he's in, which is not exactly pro-Bannon, pro-Navarro country.
00:30:55.400 It put both of us in jail.
00:30:58.660 All right, the great Richard Barris, in the House, I have a theory.
00:31:05.100 I started it, Richard, with E.J. Antony, okay?
00:31:11.140 I've been looking at this, okay?
00:31:12.680 So, and I go back to when Romney talked about the 40 per 7 percent of Americans on the dole that would always vote Democratic.
00:31:20.600 It was a catastrophic remark he made.
00:31:22.940 I don't endorse it, but 94 percent of the wealth is controlled by 50 percent of Americans, okay? 0.65
00:31:32.420 So that means the other 50 percent only have 6 percent of the wealth.
00:31:36.680 That's called a Hobbesian life.
00:31:40.100 My theory here, Richard, is that this election, Trump is going to grab more of the poor folk that would ordinarily go to the Democrats because they value the social safety net.
00:31:56.700 But they're going to go to Trump because the inflation is so bad that that social safety net ain't working and they need prosperity and jobs to get them out.
00:32:08.880 What say you?
00:32:10.160 Is there any data to support Navarro's Romney theory?
00:32:16.600 Yeah, listen, thanks for having me as always.
00:32:19.900 And just real quick, you know, just a word on Steve, you know, we're looking forward to when he comes back.
00:32:24.920 Lauren, I pray for him every day.
00:32:26.280 But listen, this is something that's a big talking point on our show, which is, of course, every poll we conduct, we not only edit, but we release it so people can see.
00:32:36.400 And we've been looking at this now for over a year income.
00:32:40.000 So the primo Trump voter, Peter, we always obsess and focus on two groups, educated voters and suburban females.
00:32:49.180 And it's very misleading.
00:32:52.640 The most primo Trump voter out there is a voter, no matter how much they make, that actually is like a self-made person.
00:33:01.640 So they don't maybe they maybe they don't have an education, but they make decent money.
00:33:06.500 They're a super primo Trump voter.
00:33:08.120 And this is what we've been seeing over the last year under against Biden.
00:33:13.040 We did begin to see this.
00:33:14.460 Typically, folks, Democrats win voters and make under 30,000.
00:33:18.000 We try to keep the income brackets like the exit poll.
00:33:20.020 So it's very easy to compare.
00:33:22.120 And you know what you're looking at when we release polls.
00:33:24.780 And that had started to change about a year ago, ballparking it, you know, and we're seeing that margin tighten.
00:33:30.620 And inflation certainly is, you know, a factor in that.
00:33:34.280 And in fact, we had been seeing it when we did rematch polling back in 22.
00:33:38.580 But now, for instance, it is starting to look the way it looked against Biden in our last poll, which was released late for late week last week against Harris.
00:33:49.000 In the first poll that we did, Trump v. Harris, that under 30,000 began to look a little bit more like it usually does, you know, Democrats with a pretty healthy margin.
00:33:58.700 And then that now has narrowed again this month.
00:34:01.460 So, you know, I mean, that's how Republicans typically win elections.
00:34:04.320 When they do, they win the 30 to 50 pretty overwhelmingly.
00:34:08.500 And then really the 50 to 100 is their most loyal or supportive income group.
00:34:15.420 But with Trump, that has always been a little bit different.
00:34:18.220 He did better with upper income people in 16 than people expected.
00:34:21.860 And then in 20, you could see that change with lower income people.
00:34:25.540 This, what we're seeing now, is basically the coalition you would expect from his platform,
00:34:30.700 which is that self-made person, no matter really what their education level is, but even those who make a lot but don't have a four-year degree or higher.
00:34:40.060 And then those who, you know, I mean, it comes to a point, and I think this is what's going on here.
00:34:44.680 It gets to a point where assistance, like social assistance is not enough, Peter, right?
00:34:49.160 And we hear a lot from voters.
00:34:51.060 Yeah, that's my point.
00:34:52.060 It's that the inflation is so bad that the social welfare net is just totally failing, and people got to get a change.
00:35:04.340 I'm telling you, we're seeing this change with black men under the age of 45. 0.80
00:35:09.280 Even those that were lower income, we hear it all the time.
00:35:12.480 You know, I got this under Trump.
00:35:14.260 I had more money under Trump.
00:35:16.160 That is it.
00:35:16.900 I mean, it's that and it's immigration.
00:35:18.420 They don't like how they're not being prioritized.
00:35:21.020 They were once a very loyal Democratic group, and they're being kind of cast to the side for another group of people, and it's certainly – it pisses them off.
00:35:30.360 I mean, it's that simple.
00:35:32.120 But it's the money.
00:35:32.720 In your crosstabs, Richard, tell me about this $30,000 and below.
00:35:39.380 What does it usually go, Dem?
00:35:42.140 Is it 90 to 10?
00:35:43.660 Is it 80 to 20?
00:35:44.960 Is it 60 to 40?
00:35:46.400 And what is it – how much does that have to change?
00:35:49.580 60 to 40?
00:35:51.460 It's usually around 60 to 40.
00:35:52.080 And how much does that have to change at the margin?
00:35:54.900 It's a huge group, right?
00:35:56.420 What percentage of the sample is it?
00:35:58.840 It is.
00:35:59.100 In our poll –
00:36:00.040 It's got to be half the sample?
00:36:02.220 It's not half, but, I mean, it changes from month to month.
00:36:06.660 And if you look at exit polling, you'll see that it changes from year to year.
00:36:09.700 But right now, you know, ballpark, it's about 22 percent.
00:36:14.660 I mean, it's no small group.
00:36:16.440 Just looked.
00:36:17.060 It was like 803 out of the entire sample.
00:36:19.920 So last month it was around 19.
00:36:22.580 But, I mean, it's one in five.
00:36:24.400 I mean, so that big, big group is the 50 to under 1,000.
00:36:29.980 And then, of course, 30 to under 1,000.
00:36:32.340 Different pollsters do it different ways.
00:36:33.800 We try to break it down by the exit poll so it's just easy to compare.
00:36:36.880 How is a candidate doing versus the previous election cycle?
00:36:41.520 And it can't actually be close to 65, 35 in some years.
00:36:46.820 You said the big group is 50 and below?
00:36:49.920 That's like – you mean like you include 25,000 with the 50?
00:36:54.020 No, no, no.
00:36:54.940 50 to 100 is – 50 to 100 is the largest.
00:36:59.040 Yeah, and some pollsters do 30 to 100 because subgroups get small.
00:37:02.980 Talk to me.
00:37:04.020 Is it harder to get a response rate out of the 30 and below or the 50 to 100?
00:37:12.680 It is.
00:37:13.900 The 30 and below – well, let me put it this way.
00:37:16.760 The 30 and below, it's hard to get a representative response rate out of them or a representative sample because, yes, the response rates like other groups are low compared to what they used to be 15 years ago.
00:37:30.240 So upper-income people that are more educated still respond at a much higher rate.
00:37:36.180 But even when you do get them to respond, you've got to make sure looking at other variables like geography and area type, education, you've got to make sure that it is representative of that group.
00:37:47.400 They tend to be less educated.
00:37:48.820 They tend to be less white.
00:37:50.080 So that is always part of the equation on why Republicans don't do as well with them.
00:37:55.200 And, of course, we're seeing something very different happen here with Donald Trump.
00:37:57.600 Are they lower propensity voters, Richard?
00:37:59.840 They are, yes.
00:38:00.140 Are they lower propensity voters?
00:38:02.280 Without a doubt, yeah.
00:38:03.600 So there's naturally more volatility in when you do the survey because –
00:38:08.740 Yeah, there is.
00:38:09.380 – finding those people, getting them to respond, and you don't know if they're going to go to the polls.
00:38:13.300 Are they motivated this year?
00:38:16.980 I would say they're more motivated than we have seen them in most recent cycles.
00:38:22.160 I don't know about other pollsters, but at this point, we're starting to see motivation levels that are approaching 2020 and actually have in prior surveys surpassed that.
00:38:32.040 Immediately, if you go to crosstabs right now, and it should be like this for every pollster, when you look at certainty to vote, which self-reported, are you certain?
00:38:40.060 Are you almost certain – the New York Times poll says we use a certainty, we use more likely than not, right, less likely than not.
00:38:46.520 We actually give a probability.
00:38:48.380 You can look on age, you can look at education, and you can look at income, and it's like a ladder, the lowest on one side, the highest on the other.
00:38:57.600 And when it comes to education, the more certain, the more educated they are.
00:39:02.000 The same thing goes with age.
00:39:03.540 The older you are, the more certain.
00:39:05.260 And the same thing applies when it comes to income demographics.
00:39:07.960 So the lower you are on the income scale, the less likely or less certain you are to vote.
00:39:12.740 We got 60 seconds here.
00:39:15.320 I want to ask you one key question for the debate tomorrow night.
00:39:20.380 Lindsay Davis, one of the moderators, I don't know how she was allowed to do this, but she's like the DEI queen. 0.96
00:39:27.820 She writes kids' propaganda books on DEI, right?
00:39:32.600 So Trump's going to get hit with that kind of crap.
00:39:36.020 But is DEI in your polling a four-letter word or something that people – how does that one play out?
00:39:46.540 Yeah, I mean when it comes to DEI, stuff like that, we – you can't use a term like that in the question because if you do, anytime you use a media buzzword or something that's in either party's vernacular, right?
00:40:00.020 Or either party's like go-to vocabulary, you're going to taint the survey.
00:40:04.600 So you have to get really creative with that, talk about what it is and whether people support it or not without actually using the words.
00:40:11.620 Same thing applied with critical race theory.
00:40:14.200 Sometimes we would explain it and say this is what people say critical race theory is.
00:40:18.560 But ultimately, do you support this or do you – or do you not?
00:40:23.760 If you use that buzzword, Peter, immediately the bias gets injected.
00:40:27.820 Everyone goes to their respective corners and they give the answer that they think they're expected to give.
00:40:33.040 So we wouldn't actually use the term DEI.
00:40:37.060 And look, that's my philosophy.
00:40:39.080 Other pollsters should probably have it too because they should have went – they should know better.
00:40:44.220 But they do it all the time, unfortunately.
00:40:48.300 All right.
00:40:48.880 Hey, we're going to take – if you could hang on, we'll get you back for a close – closing argument. 0.96
00:40:54.280 We'll be right back.
00:40:55.080 Peter K. Navarro.
00:40:56.920 Yes, Richard Barris.
00:40:58.720 We are in Steve Bannon's war room.
00:41:00.760 We'll be right back.
00:41:01.480 Stay right there.
00:41:03.620 Homes across America are being stolen every day.
00:41:07.140 It's called title theft, and it's why you need to get home title protection from HomeTitleLock.com today.
00:41:15.660 If no one's keeping an eye on your title, then it's just a matter of time until they target you too.
00:41:22.020 Don't fall prey to these thieves.
00:41:24.360 Go to HomeTitleLock.com today and make sure your title is safe.
00:41:28.660 Use promo code Bannon and get a complete title scan of your home's title and your first 30 days of Triple Lock home title protection for free.
00:41:39.580 That's HomeTitleLock.com, promo code Bannon.
00:41:43.360 You all recognize Jim Rickards as a regular guest and wise man of the war room.
00:41:49.620 His grasp of the intersection between geopolitics and capital markets is unmatched.
00:41:54.500 His financial newsletter, Strategic Intelligence, is essential reading for anyone concerned about protecting your own wealth.
00:42:03.240 As you've seen during his war room appearances, Jim has a knack for making the complex simple.
00:42:09.020 And every month, Strategic Intelligence cuts through the noise and delivers actionable financial guidance.
00:42:15.660 Plus, war room members get a free copy of Jim's The New Case for Gold.
00:42:20.960 This is an amazing follow-up to Ron Paul's classic.
00:42:25.780 And what makes Jim's book even more crucial is that he's not a gold bug.
00:42:30.340 He'll help you understand gold's significance on the global stage as well as in your own portfolio.
00:42:36.760 Go sign up now and claim your free book at our exclusive website, RickardsWarRoom.com.
00:42:42.600 That's RickardsWarRoom.com.
00:42:48.520 You owe back taxes, right?
00:42:50.960 Here's the question.
00:42:51.880 Why is the IRS targeting you and not millionaires who owe a fortune compared to you?
00:42:57.900 Rich people have tax attorneys.
00:42:59.900 You probably don't.
00:43:01.460 Tax Network USA are patriots you want on your side to solve your IRS tax problems quickly and painlessly.
00:43:09.900 Their attorneys, strategists, and expert negotiators employ brilliant strategies designed to solve your IRS problem quickly in your favor.
00:43:19.900 They have a preferred direct line to the IRS.
00:43:23.780 They know which agents to talk to and which to avoid.
00:43:27.720 And Tax Network USA learned of a limited-time special IRS offer.
00:43:33.440 The IRS is willing to forgive $1 billion in tax penalties.
00:43:38.940 Find out if you qualify before it's too late.
00:43:42.180 Schedule your free confidential consultation now.
00:43:45.740 Look, Tax Network USA has resolved over $1 billion in tax debts and they offer a best-in-class client satisfaction guarantee.
00:43:55.360 This is the team I recommend to solve your IRS problems so you can get your life back.
00:44:00.580 Call 1-800-958-1000 or visit TNUSA.com slash Bannon.
00:44:10.780 TNUSA.com slash Bannon.
00:44:13.940 Here's your host, Stephen K. Bannon.
00:44:20.460 Peter K. Navarro.
00:44:23.240 Back with Richard Barris.
00:44:24.760 Rich, you're going to do your grand finale here and give us your coordinates.
00:44:30.400 Last hits, brother.
00:44:31.840 Yeah, the New York Times poll that came out on Sunday, I think there's a couple of things that are very important.
00:44:37.580 And there's a few demographics that are like copied and pasted almost, which means identical to what we found in our poll at the end of last week.
00:44:44.600 The Midwest, minority voters, black voter support, Hispanic support, almost all identical.
00:44:50.000 But then also similar questions that we asked, the Harris campaign should be most concerned about these two.
00:44:55.780 One is the change agent question.
00:44:57.640 What do you want?
00:44:58.360 Dramatic change.
00:44:59.080 And then who's going to bring it to you?
00:45:01.160 Trump has an overwhelming advantage on that.
00:45:03.220 And then who most reflects the country's values?
00:45:07.020 Do you think Trump is too conservative or is he right in the middle, right where he's supposed to be?
00:45:11.760 Half the country thinks he's right where he's supposed to be.
00:45:14.400 A minority thinks that he's too conservative.
00:45:16.580 That's not true of Kamala Harris, where half the country thinks that she's too liberal, too progressive, and then a minority believes that she's in the middle. 1.00
00:45:24.620 Those two things are going to be very, very difficult to overcome.
00:45:29.460 In 16, those questions benefited Trump, both of them.
00:45:33.580 And then in 20, actually, when asked who was more reflective of the country and was in the middle, it was Biden.
00:45:39.480 So these are questions that really weigh on people when they go into the voting booth that they mail in their ballot, Peter.
00:45:45.960 And those are bad, bad signs for Harris, bad signs.
00:45:51.020 So people are seeing Kamala for who she really is.
00:45:54.920 Rich, how can people find you?
00:45:58.300 Yeah.
00:45:59.040 The best place, as always, is on Locals.
00:46:00.460 Yeah, very different a month ago.
00:46:02.180 Very different.
00:46:03.040 Yeah.
00:46:03.220 People's Pundit dot Locals dot com.
00:46:06.020 People's Pundit dot Locals dot com.
00:46:07.780 Go check out the Public Polling Project, folks.
00:46:10.360 See you over there.
00:46:12.640 All right, my brother.
00:46:13.800 You take care, man.
00:46:16.300 All right.
00:46:16.580 Let's bring in Grace Chong, the War Rooms. 1.00
00:46:21.380 Grace Chong, by the way.
00:46:23.200 She does a wonderful job getting out our social media and all that stuff behind the scenes.
00:46:30.220 Grace has a message from Steve and also some action, action, action that she wants to share with us.
00:46:38.680 Grace, the floor is yours.
00:46:40.860 Thanks, Dr. Navarro.
00:46:42.600 Hi, Posse.
00:46:43.620 I just wanted to come on and remind everyone that Congress is back in session today.
00:46:49.180 So everyone, download Bill Blaster, which you can go to BillBlasterApp.org or just go to the Apple App Store or the Google Play Store and put in Bill Blaster, one word.
00:47:03.460 And that is to call Congress with just virtually with one touch and just light up their phones.
00:47:10.480 We need to make sure that the SAVE Act gets passed.
00:47:13.600 So it is mission critical.
00:47:15.420 Also, I have a statement from Steve.
00:47:19.500 So let me read that.
00:47:21.880 Harry Enten of CNN gave it away the other day.
00:47:25.700 Only a 1% change in battleground states will bring victory for Trump.
00:47:30.700 This will come from low propensity, low information voters, Christians being the easiest group to get, although all of it is hard. 1.00
00:47:39.340 This is where the Swifties come in on the other side. 0.97
00:47:42.240 We must galvanize folks to work on get-out-to-vote canvassing and phone banks every day.
00:47:49.140 Victory is right there.
00:47:51.460 So that's the statement from the Honey Badger, and the message is clear.
00:47:56.180 Victory is within reach, but only if we work on it.
00:47:59.420 So let's make sure to get out there and make those calls and call Canvas every single day and download Bill Blaster.
00:48:08.560 Yeah, go over the Bill Blaster again once more.
00:48:13.520 People explain that in a little more detail and explain how they can get to it, Grace.
00:48:18.040 This is really important stuff.
00:48:20.700 Yeah, so Bill Blaster was made for the posse, for Action, Action, Action.
00:48:24.960 It is an app, which you can find in the Apple App Store or the Google Play Store.
00:48:31.100 Just type in Bill Blaster, one word.
00:48:33.960 And it's just a directory of all the senators, all the congressmen.
00:48:39.240 And it has all their information, like their direct phone lines, so you can bypass the switchboard.
00:48:46.940 You can get their websites so that you can email them.
00:48:51.580 You can send them a tweet.
00:48:53.180 You can check out their – it's just information about all your representatives.
00:48:59.360 And you can call other representatives as well.
00:49:01.620 So it's free.
00:49:03.860 Make sure to download it and make sure to fire up their phone lines and about the Save Act.
00:49:09.500 That's super important.
00:49:10.820 They're back today.
00:49:12.540 So download it today.
00:49:14.220 BillBlasterApp.org.
00:49:15.480 Okay.
00:49:17.040 Okay.
00:49:17.780 Thank you, Grace.
00:49:18.720 And the first assignment I would love to give to Posse is this.
00:49:26.960 We have a good chance of taking back the U.S. Senate because there's many more seats up for grabs that the Republicans have a chance of getting than the Democrats.
00:49:44.160 Unlike Congress, the House, which goes up – everybody goes up every two years, the Senate goes in three increments because it's a six-year term.
00:49:57.300 Every two years, there's a third of the Senate comes up.
00:49:59.780 This year, the cycle really favors us.
00:50:02.920 But what's going on here is that the Republican Senate committee is withholding funds and support for pro-Trump candidates like Carrie Lake in Arizona.
00:50:18.060 And we're just running behind Trump in the polling in these key battleground states where we could pick up these Senate seats.
00:50:28.520 So use the blaster if you want.
00:50:30.080 I would send some stuff to Mitch McConnell and Rick Scott and maybe your own senator and say, hey, what's going on?
00:50:41.420 You've got to really spend some money belly up to the bar because we can't afford to let that Senate be in Democrat hands. 0.98
00:50:53.160 Even if Trump wins and we win the House and that Senate's in Democrat hands, that's gridlock.
00:51:01.860 We get nothing done.
00:51:03.460 Nothing.
00:51:04.180 It'll be a very painful four years.
00:51:06.700 All right.
00:51:07.960 So when we come back, top of the hour, this is going to be great.
00:51:12.360 It's going to be epic.
00:51:13.140 We've got a comparison of the life and times of J.D. Vance growing up getting hammered by the Chinese communists, riding to the sounds of guns in Iraq versus Tim Walz sucking at the teat of the Chinese Communist Party as he grew up. 0.70
00:51:34.260 And running away from the sound of the guns and running away from the sound of the guns.
00:51:39.080 We'll be right back with Adam Milan and Vance V. Waltz.
00:51:47.760 Vice presidents don't matter. 0.98
00:51:50.160 This time they do.
00:51:53.200 Stay right here.
00:51:53.980 Do you ever think, how can I work this hard and still be in debt?
00:52:17.060 The piles of overdue bills, the threatening phone calls and never having money to do anything.
00:52:22.980 It's just won't stop.
00:52:25.120 You're trapped in debt.
00:52:27.040 Done with debt is the way out.
00:52:28.520 They've developed aggressive new strategies to end your debt permanently.
00:52:33.920 Done with debt stands between you and harassing bill collectors.
00:52:37.100 They tirelessly negotiate with your creditors to lower or even forgive what you owe.
00:52:42.320 And they do it all without bankruptcy or new additional loans.
00:52:47.700 As one client raved, quote, our phone call saved us a fortune.
00:52:52.240 I wish we did this long ago, end quote.
00:52:55.980 Bottom line, done with debt has unique strategies to get you out of debt faster and put more money in your pocket every month.
00:53:04.080 But you need to hurry because some debt solutions are time sensitive and you don't want to miss out.
00:53:09.960 Visit donewithdebt.com.
00:53:11.600 Talk with one of their debt relief strategists for free.
00:53:15.520 Let me repeat that.
00:53:16.840 Go to donewithdebt.com and talk to one of their debt relief strategists for free.
00:53:21.060 You have nothing to lose except your debt.
00:53:24.840 Go to donewithdebt.com.
00:53:26.380 That is donewithdebt.com.
00:53:28.760 Do it today.
00:53:29.780 Action, action, action.
00:53:31.100 Hey, War Room.
00:53:33.480 Hope you're all doing well.
00:53:34.600 My name is Trevor Comstock.
00:53:36.000 I'm one of the co-creators of Sacred Human.
00:53:38.120 And I wanted to share just a little bit more about our brand for those who may not know of us yet.
00:53:42.500 But about six months ago, we decided to launch Sacred Human with really the simple mission being to provide American-made natural supplements without all the artificial nonsense.
00:53:52.780 So, unfortunately, as many of you know, a lot of these big corporate supplements will include things like preservatives, artificial ingredients, and other additives that really aren't benefiting your health.
00:54:04.200 So, that's why we created Sacred Human, really trying to fill this gap of quality supplements.
00:54:08.780 And, of course, the beef liver being our flagship products.
00:54:12.640 For those who don't know, beef liver is loaded with highly bioavailable ingredients such as vitamin A, B12, zinc, CoQ10, etc.
00:54:21.480 And because it is 100% grass-fed and natural, your body is able to absorb these nutrients far better than taking any other synthetic multivitamin or any other synthetic vitamin in general.
00:54:34.580 So, we have some other amazing products.
00:54:36.760 But if you'd like to check us out, you can go to sacredhumanhealth.com.
00:54:40.260 And cheers to your health.
00:54:42.000 700,000 Americans every year.
00:54:45.060 Yes, heart disease is the number one killer every year, year in and year out.
00:54:48.780 Heart disease builds over time.
00:54:50.960 Hypertension, high blood pressure, bad cholesterol, diabetes, all of it affects our heart.
00:54:56.180 A healthy heart is key to being energetic as we get older.
00:55:00.640 It is never too early to take care of your heart.
00:55:04.800 You see, heart disease sneaks up on us.
00:55:06.900 You can start in your 30s, and when this happens, you're at serious risk by the time you turn 60.
00:55:10.540 If you want to take care of your heart and those you care about, please go to warroomhealth.com.
00:55:16.900 That's warroomhealth.com.
00:55:19.800 All one word, warroomhealth.com.
00:55:22.360 Use the code WARROOM at checkout to save 67% of your first shipment.
00:55:27.120 That's code WARROOM at checkout to save 67%.
00:55:30.120 And do it again.
00:55:31.540 Warroomhealth, all one word, warroomhealth.com.
00:55:34.920 Go there today.
00:55:36.460 If you're going to be part of the posse, you need a strong heart.
00:55:39.460 You need a lion's heart.
00:55:41.220 How we're going to do that is with Salty.
00:55:43.520 Go there.
00:55:44.160 Do it today.
00:55:44.800 Check it out.