Bannon's War Room - Episode 3924： Winning Michigan; Smoke And Mirrors Fight Against Trump

00:00:00.000 of this country are loving good people who are being led by the worst people

00:00:05.120 who've ever led a country and that is just true I think that's true I mean it

00:00:09.180 my loathing my love of Americans and my loathing of their leaders deepens every

00:00:15.360 day that we're on the road it really really does because the disconnect so

00:00:18.960 what can you do about it well you can vote I don't think I've ever encouraged

00:00:21.360 anyone to vote ever but I feel like in this state it's particularly important

00:00:25.440 I'm not a political person I'm not here on behalf of a candidate probably guess

00:00:28.740 who I'm voting for I actually am voting this year I am I am but I do think

00:00:35.740 people should vote in the state of Michigan because there's absolutely no

00:00:39.180 reason you should be led by people who do not share the most basic values of the

00:00:45.240 people of Michigan and I mean from I always beat up on the east coast of 1.00

00:00:48.780 Michigan my wife is actually from the Detroit area I know boo oh I agree I

00:00:55.860 know I know I know and whenever I talk about Michigan I'm like there are actually

00:01:01.360 two sides to it and the west coast is way nicer

00:01:04.860 um but the truth is there are super nice people over there too and northern Michigan

00:01:11.860 is just like a wonder it's incredible and none of you deserve none of you deserve your leaders

00:01:18.440 none of you I don't care it's true even the people who vote for them don't deserve them if

00:01:23.820 I can just say you often hear we get the leaders we deserve that's a total lie no you don't

00:01:28.860 no you don't and you see that around the world I've been in plenty of countries with horrible

00:01:33.860 leaders those people don't deserve them nobody deserves leaders like that and so I did hear

00:01:39.240 of something really cool today I've never done anything like this but I'm gonna do it now

00:01:41.820 there's actually a website in the state of Michigan where you can find people who probably would vote for

00:01:48.600 the candidate you're voting for but don't vote and you can look them up the voter rolls are right

00:01:53.360 there it's called 10x votes and you can go on there and just contact people you know and be

00:01:58.220 like hey by the way you don't we don't deserve this these people are horrible and we're not horrible

00:02:04.760 we're great and if you're frustrated with these people even if you don't think the system works

00:02:09.820 even think it's all fake even think they're gonna steal it in the end that's not exactly true you

00:02:15.000 can overwhelm their their malintent by your voting and at the very least you can you can give them

00:02:21.360 the largest middle finger ever wagged in the face of anybody by voting against him I do think it's

00:02:27.460 important yeah that finger the one you just waved that's right

00:02:31.340 this is the primal scream of a dying regime pray for our enemies because we're going medieval on these

00:02:43.240 people here's not got a free shot all these networks lying about the people the people have had a belly

00:02:50.180 full of it I know you don't like hearing that I know you try to do everything in the world to stop

00:02:54.100 that but you're not going to stop it it's going to happen and where do people like that go to share

00:02:58.460 the big line mega media I wish in my soul I wish that any of these people had a conscience

00:03:05.920 ask yourself what is my task and what is my purpose if that answer is to save my country

00:03:13.280 this country will be saved war room here's your host stephen k bannon

00:03:20.060 the bar for bannon and the thing I disagree with tucker on is hey detroit we need those brothers and 0.97

00:03:32.960 sisters in the uaw to cross lines from their dumb leadership offshoring their jobs to china 1.00

00:03:41.800 and vote with the uh the rest of michigan for donald john trump richard barris 0.99

00:03:47.380 thoughts on mr tucker carlson big thoughts yeah well thanks for having me as always peter and by the

00:03:55.900 way I wholeheartedly agree with you uh that just because it's in a democratic area does not mean there

00:04:01.240 are not uh low-key republican votes there look what's different about that uh that effort that

00:04:07.340 tucker brought up in michigan which is huge by the way is that uh there's been a lot of republican

00:04:14.000 efforts to get out the vote and try to work within this system that nobody really likes but to register

00:04:19.540 and get out votes and get them to early vote these low proposition and no proposition voters for the

00:04:25.680 first time in my lifetime actually favor republicans and specifically they favor donald trump and that

00:04:32.480 has never been the case my entire lifetime my entire career it has always been because we're having a

00:04:37.580 realignment it's always been that those voters favor democrats and when there is high turnout

00:04:41.800 it usually was a good sign for the uh for the democrat now that is reversed and 10x votes what's

00:04:48.760 different there's a lot of these efforts out what's different about 10x is a few there are a few

00:04:53.160 things one is um there's no money in it for consultants this thing is like built for the

00:04:58.620 posse it's built for the grassroots and if people want to go they go check it out 10x votes.com it's in

00:05:04.160 michigan they're working to get it in other states but it really is uh the most effective get out the

00:05:09.700 vote that i've seen this cycle and the reason why is because it's back it's the methodology behind it

00:05:15.840 is is designed using research that was in depth about the behavioral uh patterns and trends of these

00:05:25.120 these voters and conservatives in general it then when listen peter when a door knocker goes and knocks

00:05:31.940 on a liberal's door right this is like their ideology and their way of life so a stranger can knock on

00:05:38.300 their door that they don't know and it's like oh right orange man bad i want to sign up and get on the

00:05:43.680 absentee ballot list and come back and take my vote and i want to vote republicans people who lean to

00:05:49.200 the right they're skeptical they're inherently skeptical they they must be approached a different

00:05:54.220 way and the simplest like genius of 10x votes is that it is done through people you know your

00:06:01.500 co-workers your neighbors your family members your friends so you just simply go to the database and you

00:06:08.680 look up people in your social circles and it will tell you whether or not they vote or whether they do

00:06:13.380 but they hardly vote and then you you basically claim them and you tell um you you know you tell

00:06:19.320 the system i'm going to contact them and then obviously we follow up and people can see whether

00:06:25.000 or not uh that person signed up for the absentee ballot list that person was um was requested an absentee

00:06:32.120 ballot it's just it's the first acknowledgement that voters are different in this country the right and

00:06:37.420 the left don't behave the same and the right is trying to either reinvent the wheel and do it wrong

00:06:42.420 or they're trying to duplicate what democrats do and because we behave differently uh between the

00:06:49.160 right and the left it's not going to work so 10x is i'm gonna take they're all not gonna work

00:06:53.820 hang on let me let's flesh this out how this works for the posse i mean let's let's suppose i'm like

00:06:59.160 part of that 10x army that's going out and recruiting my friends how did they find me to begin with

00:07:06.260 how do they get me to do what they want me to do full disclosure i found you all right so uh i i this is

00:07:14.960 through it's a really a multi-layer database that we've had for years that tells us whether or not

00:07:20.480 you do vote or you don't vote what are your which what are your behaviors it's consumer data and

00:07:26.340 automotive data and and a whole lot over 1400 attributes per record so we we know a lot about

00:07:34.720 you but of course the most important thing is do you vote and then how would you lean if you did

00:07:39.600 vote and the truth is you know people in your social circles so if peter navarro goes to 10x votes and

00:07:46.180 decides i'm going to look up my cousin in michigan for instance then your cousin cousin you know

00:07:50.960 constantly complains about high gas prices can't stand kamala can't stand transgenderism or whatever 0.98

00:07:56.340 it may be or transgender activism whatever the issue is uh you can look them up and say look so how do

00:08:02.880 you get me to do that let's say i'm let's say i'm ground zero the first person that you identify and

00:08:09.040 i want to play ball with you guys how do you get me then to go talk to my brother or uncle or whatever

00:08:15.340 it is yeah that's really what it that's really up to you you have to go to the system you sign up for

00:08:22.260 it it's very simple and then they give you access to it and you just simply do a search like you're

00:08:27.220 doing a google search and then you will put the information in the system of course we verified it

00:08:32.720 gets verified so within a couple of weeks this the state's going to update their voter rolls so let's

00:08:38.340 say peter decided he's going to go claim that cousin and he's going to go get that cousin out or go

00:08:43.080 get them registered on the absentee ballot list um you know i'm going to see 10x is going to see whether

00:08:48.020 or not you did it um and again i don't i don't run it but i did provide the data for it which is

00:08:53.120 something that was woefully you know lacking on the republican side they have latency issues

00:08:59.360 uh in 2020 one of the biggest problems is that they did not use comparable data uh tools so uh

00:09:06.380 democrats were able to see who was signing up in almost real time they were seeing who was

00:09:10.820 submitting ballots in almost real time they were seeing you know basically it was voting

00:09:14.860 almost in real time and republicans are are have lacked that you know they under rona mcdaniel they spend

00:09:21.480 a lot of money peter on data center and it just is it's like again trying to reinvent what democrats

00:09:28.740 a wheel democrats already invented and that's great but they invented it over a decade ago and it's too

00:09:35.080 old it's too slow and it doesn't move fast enough to keep up with real time by the way since tucker

00:09:40.980 did that they've been getting a user every few minutes which is incredible i think you understand

00:09:46.120 peter this race is likely going to be very close trump won michigan by 10 000 votes yeah i you know

00:09:53.820 i can tell you that in the low prop universe that favors that favors donald trump we were able to find

00:10:00.140 enough voters to more than make up for joe biden's 2020 margin in that state so what tucker said is really

00:10:06.940 important there's just feeling on the right that democrats can just keep stuffing the ballot box forever

00:10:12.440 and the truth of the matter is that's not really how this works there is a universe of votes we know

00:10:18.000 there is and you can overwhelm that system you can there are plenty more than more than enough

00:10:24.800 voters out there that unfortunately don't participate then if you can get them to then they don't stand a

00:10:31.060 chance that's the truth but the world we live in it's tough to do that and on the right the best way

00:10:37.580 is personal relationships and that's why this matters so much cold door knocking and is this

00:10:43.200 is this is this 10x uh thing organized at a state by state level it is and it's working to get into

00:10:51.760 pennsylvania i mean you know um how many states is it working now and right now yeah pennsylvania

00:10:59.040 looks like the next one i mean i'll keep you posted on that pennsylvania does look like the next one

00:11:03.640 this is uh yeah this is a michigan thing i mean can can people outside of michigan who have

00:11:10.400 people who are friends in michigan use it or how's that absolutely yes absolutely yeah without a doubt

00:11:17.500 and then hopefully they do get i mean that's ultimately up to how uh how much interest it is

00:11:22.440 uh how much interest it it finds in michigan but it definitely is targeting the midwest and then states

00:11:28.880 that have a lot of low proposition voters a state like the silver state nevada people live off the

00:11:34.380 grid peter they're just they go there to get off the grid and it's one of those states where when we

00:11:39.700 do these searches there's just an unbelievable number of voters who profile for you know would

00:11:46.160 be trump supporters or would be uh republicans i'll be honest with you when i say would be i mean it's

00:11:53.200 really would be trump voters these voters that are these first time never or haven't voted in a very

00:11:59.100 long time a low prop two out of four and below these people like donald trump a lot more than

00:12:05.680 they like the republican party all right so that is uh i guess the point i'm trying to make here is

00:12:11.180 republicans need to take advantage of this now while donald trump is on the ballot because once he is not

00:12:17.120 on the ballot anymore these people are not going to be rich targets anymore they don't trust the

00:12:21.980 republican party not all of them but most of them they like donald trump and at a rate

00:12:28.060 significantly higher than we have seen you know the affection for any other republican candidate

00:12:33.920 they distrust the party and they look at trump as something different and i mean it would be the

00:12:40.960 biggest blunder in modern american electoral history not to take advantage of this moment if republicans did

00:12:48.980 not do it tucker uh is he actively out stumping now or was that kind of a one-off no i think i think

00:12:58.500 that was like you know he saw the value in it and he just kind of popped it you know i mean i think tucker

00:13:04.080 shares my opinion you know he just said it in the speech that there's this and it's and it breeds

00:13:10.080 defeatism and so we have it has to be stamped out but there's this feeling out there like i said that

00:13:15.600 that it doesn't matter your vote doesn't matter when we researched all these people and we did

00:13:20.120 we surveyed them in multiple states large sample sizes they tell us the same thing over and over

00:13:26.260 again and it's a lot of the stuff that you'll hear from even high propensity right-wing voters

00:13:30.940 it doesn't matter the system's rigged my vote doesn't count right and that is just not true your vote does

00:13:37.880 count and they cannot they cannot infinitely stuff a box you can overwhelm them and until republicans get

00:13:44.980 that through their heads there's going to be that risk of defeatism so i think he saw it he saw the

00:13:49.560 value in it he just popped off it was great when we come back um richard if um if you can maybe we can

00:13:58.340 just um get the latest numbers i'm particularly interested in how this thing is bouncing back and

00:14:04.560 forth and back and forth based on um what kamala is doing kamala harris is doing broke my rule there 1.00

00:14:12.240 um so stay with us um here we'll um take a tour through the battleground states with the man who

00:14:22.740 knows more about what's going on in real time right now than anyone uh anyone can talk to right now

00:14:30.160 that's richard barris navarro and for bannon you are in the war room let's win this election stay right

00:14:37.120 it's all started everything's begun and you are over because we're taking down the ccp 1.00

00:14:48.780 spread the word all through hong kong we will fight till they're all gone we rejoice when there's no 1.00

00:14:56.000 more let's take down the ccp the elites are getting desperate they now want to use the technology 1.00

00:15:03.540 behind bitcoin for their own orwellian purposes their gold to dominate our economy by forcing

00:15:09.180 everyone to use central bank digital currencies which they control imagine your every purchase

00:15:15.880 being called into question your every move tracked like you live in a communist country this is not

00:15:21.980 the america we want but it is the america they want to create fortunately you can fight back i believe

00:15:28.580 owning gold is the best solution why because it keeps you in control and safeguards your savings plus

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00:15:42.080 any taxes or penalties to learn more get a free info kit by going to birchgold.com slash bannon that's

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00:16:09.940 info kit on gold ira six days until the election and what we know this is going to be a tight race

00:16:19.720 until the very end so let's not pay too much attention to the polls because let's be clear

00:16:26.920 we are the underdog in this race and we have some hard work ahead of us but here's the thing

00:16:35.180 we like hard work we like hard work hard work is good work hard work is joyful work

00:16:44.880 navarro for bannon we like hard work yeah we do in the war room like like hard work trying to figure

00:16:56.120 out this underdog thing she comes out of the convention hides from the press gets a bump bleeding in the 1.00

00:17:06.040 national polls trying to run like an underdog um is she seeing something that her her bounce is over

00:17:17.140 let's go back to richard barris now uh richard give us a quick summary of the other polls and then tell us

00:17:24.120 what you were seeing sir yeah so first of all just that underdog status the entire world is against

00:17:30.700 donald trump peter i mean the idea that she is the underdog is ridiculous everyone from fox news

00:17:35.940 uh the people who run fox news to the people who run msnbc want harris to win and even put their name

00:17:42.440 to an endorsement for for her in fortune 100 companies i mean that's insane but uh i would say this

00:17:49.680 i think they do i don't think i know they do see something that the public polls are not showing

00:17:55.520 or at least not all of the public polls and that is what's going on in the polling universe right now

00:18:00.540 we we have no consensus and we have two schools and in the you know on the one side you have um

00:18:07.160 the one school that is showing harris with leading but leading by unbelievable numbers peter that's the

00:18:14.280 fact you know i mean morning consult is in that um abc mbc you know to some extent and then you have

00:18:21.360 just some other state polls that are your usual suspects you have quinnipiac the usual suspects

00:18:26.420 and they're showing a race that is her edge and then really an edge that is not is never going to

00:18:32.800 materialize it's unbelievable and then you have the other school which shows that it's either tied or

00:18:38.240 trump with an edge that is a believable edge and when you look at the track records of the pollsters

00:18:43.660 in those two courts right in those two camps really um you you know the ones who are who are showing the

00:18:50.100 tighter race with trump with an advantage uh have better track records and then secondly with that

00:18:56.340 kamala harris's own polling does not look rosy for her this is an open secret i don't know why the

00:19:02.400 media goes day in and day out uh pretending as if you gov is correct and she's leading by six points

00:19:08.880 and you know a five point lead in pennsylvania that is insane that is not going to happen i mean folks

00:19:15.720 they're asking you to believe that kamala harris is going to beat donald trump in pennsylvania more

00:19:20.480 than barack obama beat plutocrat mitt romney i mean it's just not believable richard let me ask you

00:19:27.680 quick question here these are these polls reflecting support for trump or uh just

00:19:36.660 disaffection with with kamala and her radicalness is the message of who she is getting through yet

00:19:45.020 what's going on here both there is a fear um this this is among those reluctant trump supporters that

00:19:52.040 are now starting to decide and lean to the president which we're going to show people in a few days

00:19:56.780 and ours in our polling these are not people that are staunch trump supporters i had a thesis back in

00:20:03.700 2020 of the seasick voter peter like they love this policies but they didn't like the the what they would

00:20:09.600 you know chaos is a word that they would use a lot that said with these particular voters their fear that

00:20:16.060 kamala harris is both inexperienced and too liberal is outweighing their dislike for the chaos that they saw 0.94

00:20:23.460 under trump because it was chaos in the media but it wasn't chaos in the economy it wasn't chaos overseas

00:20:30.800 so they know trump can do the job and they know trump did a good job and they are uh balancing that

00:20:37.540 against their fear that kamala is just going to be too radical too inexperienced and when you view

00:20:43.220 someone as inexperienced i mean a lot of these voters are pretty savvy the on the undecided ones who are

00:20:48.000 really thinking about this they're worrying who is she going to bring in and she's hiding from the

00:20:53.220 media and not explaining herself that's why the debate was not the win that they thought it was 0.99

00:20:58.000 going to be and i i'll be honest even i thought she scored a pretty decent win in that debate but 1.00

00:21:03.820 ultimately after talking to these voters the message of her being radical and then the president

00:21:09.180 ending you know if you're a trump supporter you wish you read you know regurgitated this over and over

00:21:14.340 during the the debate but he did do it at the end which was smart because it stuck and he basically

00:21:20.100 made the case that she has been the vice president she's been a u.s senator she doesn't do any of this

00:21:26.220 i was president and i did deliver and you know i can do this job and that is a powerful message with

00:21:32.480 these folks a very powerful message so that is one of the strongest tools she wasted she wasted all her

00:21:39.500 time at that debate showmanship pummeling trump yep pummeling trump instead of explaining

00:21:46.680 who she is and what she was going to do in specificity without a doubt and and i'm glad you

00:21:54.200 mentioned fox as wanting harris to win as well because of course they do the first thing that

00:22:00.540 happened at the end of that debate i had i was watching it through fox you had brett bear come on brit

00:22:07.200 hume come on uh and just trash trump as if they hadn't actually listened or watched um what exactly

00:22:17.580 had happened i see her though richard yeah it's like i saw her give her a little speech on in uh in

00:22:25.020 madison to the adoring crowds and things like that i mean she does look confident on the campaign trail 1.00

00:22:31.900 is anybody gonna buy what she's selling because if you listen to her i did you know the monologue i

00:22:39.160 let off on the show it's like everything she says is a lie an illusion i mean everything she says and

00:22:46.380 there's this thing the low information voters is she believable do people believe her what's your 0.99

00:22:53.580 polling say about that no i mean the answer is no they don't uh they we they were giving her a chance

00:23:00.760 too and i think that's important to to note they there's a lot of them out there who wanted to

00:23:05.720 believe her they really did but you know you you actually said it before the number one thing we

00:23:11.040 have heard from those voters who were undecided now are starting to make their uh make their decision

00:23:16.200 is that she did not spend that time telling them why they need to vote for her should vote for her

00:23:22.080 they all everything she already told them or you know said to donald trump or spent her time you

00:23:27.260 know uh berating donald trump everything they heard they already knew so they don't you got to

00:23:34.140 remember when we ask whether or not they believe her this is a woman who was more unpopular than dan

00:23:39.320 quayle more unpopular than dick caney this recent surge in popularity is a media fabrication i mean they

00:23:47.540 created it um they did and it did work but it's not like they have this affection for her it is just

00:23:55.340 driven by glowing coverage and that's the the handicap benefit that a democratic candidate gets

00:24:01.160 for a president but it's not real so people are still wondering you know what what is she saying

00:24:06.820 you know that that that that can allow me to put my faith in her we used to call it in academia

00:24:11.660 the presidential bar you have to meet a presidential bar where people can be comfortable with you and

00:24:17.460 say you know what all right i know kamala can do this job right she has not met that bar that's just 1.00

00:24:23.800 a fact and uh and she needed that that's why by the way folks she wants another debate okay winners 1.00

00:24:31.540 don't beg for other more debates winners people who are leading they play it safe and they you know

00:24:38.640 they they they hold their cards tight to their vest and they um try to run out the clock they try to

00:24:43.820 bluff their way to a win they do not try to push for another debate because they did so great they want

00:24:50.160 another bump that's not how it works in politics she wants another debate because she knows she did 1.00

00:24:54.860 not do what she needed to do she did not earn that trust so in that confidence all right richard my

00:25:01.720 brother um we gotta hit the break um tell us quickly where people can reach you and support you

00:25:08.660 best place as always peter is on locals peoplespundit.locals.com peoplespundit.locals.com

00:25:16.280 see you over there folks please this is the man that's uh going to help us get to the victory

00:25:21.920 finish line so do support richard barris uh when you get that new stuff you call us and you get

00:25:28.600 right on the mic brother all right navarro for bannon you are in the war room talking real estate

00:25:35.120 and the economy uh when we come back you stay right here thank you with a massive tax hikes proposed by

00:25:41.640 harris an almost 40 top income tax rate 7 increase to the corporate tax a capital gains tax on unrealized

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00:28:57.940 mypatriotsupply.com go there today action action action here's your host stephen k ban

00:29:06.440 navarro for banner go right to the front lines in ohio where we have some breaking news about

00:29:19.700 illegal aliens registering to vote in ohio i guess that's not supposed to happen congress says that

00:29:27.340 can't but they won't vote to stop it from happening yet it's happening frank what's happening sir

00:29:32.620 well hey peter the good news is in the buckeye state we do something about it we check the roles

00:29:37.700 when we find them we remove them and actually refer them for prosecution that's happened over 600 time

00:29:43.920 this year 600 times this year that's a small percentage of the 8 million registered voters

00:29:49.240 but it's a serious matter and we take it seriously so yes when the leftists in washington say this is

00:29:54.960 not a problem we should ignore this they're dead wrong that's why i was in dc to testify for the save

00:30:00.040 act just two weeks ago and you uh we talked off air uh i asked you whether these were recent arrivals

00:30:08.280 part of the biden harris harris not the borders are surge and your answer is yeah these are new

00:30:15.680 people that have come over under the harris biden watch is that correct yeah we do a check on an

00:30:22.040 annual basis of our voter rolls for non-citizens of course in an election year like this we do it much

00:30:26.900 more frequently so absolutely the mass in in insecurity that's occurring on our southern border

00:30:33.140 has led to a lot of problems this is just one of them peter i actually served on the u.s mexican

00:30:37.580 border as part of a counter narcotics task force during my time in the army it was bad then 20 years

00:30:42.920 ago we know how disastrous it is right now and there are real consequences in public safety and also as

00:30:48.480 it relates to elections how do you cross check uh for illegal registering is there a an algorithm where

00:30:58.980 you can check citizenship by registration well we use uh the data from our state bureau of motor vehicles

00:31:06.760 and that is the first check that we do the federal government doesn't make it easy though beyond that

00:31:12.500 we do have some limited access to what's called the save database from the department of homeland

00:31:17.100 security they don't make that easy to use there are three other databases that dhs should make

00:31:23.380 available to us but as of uh this date alejandro mayorkas has refused to do that even though we've

00:31:29.360 repeatedly asked for access to those databases say and that's the kind of thing that would change under

00:31:34.620 trump trump administration in in a heartbeat um when's voting start in ohio october 8th is when early

00:31:44.480 voting begins but actually last friday is when our overseas and military voting began so thousands of ballots

00:31:49.880 have already gone out to our overseas and military personnel for the rest of us early voting begins

00:31:54.700 october 8th and uh that's right around the corner all right my brother we'll uh we'll have you back you

00:32:00.780 find some more you give us a call we'll get you back on and bring in sophie now um who will give us

00:32:07.580 a overview of her thoughts on the latest 50 basis point cut by the fed and what that's doing

00:32:16.580 or not doing in the housing market sophie welcome to the war room thank you dr navarro nice to see

00:32:22.480 you thanks for having me so i wanted to bring to the audience's attention the q a that happened when

00:32:30.220 the fed chairman powell was announcing his 50 basis point reduction um there was a reporter that

00:32:36.940 specifically asked him about the housing affordability and what this rate cut means and it was so astonishing

00:32:44.440 to me that the answer to that question was very elusive um being that the housing market covers such

00:32:52.780 a huge part of this cpi number that we were talking about the fact that the chairman would say that um

00:33:00.840 this is something that's lagging a little bit being the housing market affordability or if rents can

00:33:06.840 uh just remain low um the cpi number was at 2.5 the goal was 2 percent many would even argue that it was

00:33:15.920 not justified to lower this rate at all many were expecting a 25 basis point um just to sort of to do

00:33:23.560 a catch-up so um you can't look at this as any other way in my opinion as being political because the

00:33:32.000 housing market really accounts if you take into account utilities um insurance um it can account

00:33:39.700 for up to 70 percent of this number so the fact that it was being sort of brushed off in the question

00:33:46.580 and answer session there was astounding to me um housing prices continue to rise um with the low

00:33:54.500 inventory in august there was a 0.5 percent increase in homes and in rents um so this mortgage rate i want

00:34:04.700 to also um point out is really driven by the treasury yields um a lot of these mortgage rates um have

00:34:12.080 already been locked in or baked in from july when we saw some of that number come down and despite

00:34:19.960 the mortgage rates coming down we are still seeing low mortgage applications so what is that telling

00:34:27.200 you it's an affordability problem that is not being addressed um those 50 basis points i would even argue

00:34:33.940 would actually hurt the situation because all you're doing is increasing the demand and when you're doing

00:34:40.580 that and not doing anything about the inventory supply you're just going to be driving up prices even

00:34:45.260 more we have that lock-in effect we spoke about right now the mortgage rates are around 6.2 percent

00:34:52.120 um however 86 percent of all homeowners have rates that are less than 6 percent 80 percent of them have

00:34:59.520 rates that are less than 5 percent and 62 percent have rates less than 4 percent so this is not doing

00:35:05.760 anything to address that problem uh which is very concerning and you know just to kind of highlight

00:35:11.820 the um how much of an affordability problem that we have you know michigan for example um has a 42 000

00:35:19.360 median income income to qualify for rent meanwhile their income ranges at 39 000 you're already in the

00:35:27.280 negative right there as far as affordability goes chairman powell was saying if the rents remain low

00:35:32.860 i mean that's one example rents are not low rents are 20 30 percent higher um we're seeing in

00:35:39.320 pennsylvania wisconsin michigan nevada 30 percent higher home prices we're seeing georgia arizona 44

00:35:46.620 percent and 40 percent we're seeing atlanta rents up 38 percent um pennsylvania the low income housing

00:35:55.160 shortage we only have um 38 available units for every 100 people that are low income qualifying um this is a

00:36:04.000 problem and i wish that the chairman would have considered that when he was reducing his um fed rate

00:36:10.240 um and making decisions uh for us and acting like the inflation story has been solved

00:36:15.980 so let me see if i can unpack some of this we we have uh high interest rates high mortgage rates

00:36:26.440 they're higher than the average mortgage rates of most homeowners now so anybody who has a lower mortgage

00:36:35.260 is less likely to sell their home so there's less turnover in the existing home market which makes it

00:36:45.100 more difficult for first-time home buyers and everybody else so so that's an issue we're apparently not

00:36:53.840 building enough homes at this point and that may well be the result of the high cost

00:37:02.120 of building materials kamala harris has been in office now almost four years these mortgage rates and

00:37:13.420 interest rates have risen she's done nothing about it but now she says she's going to solve it by throwing 0.90

00:37:20.220 25 000 of taxpayer money over here to some favored group over here what what's the likely impact on the

00:37:31.180 housing market of the harris plan sophie uh with respect to housing prices will drive housing prices up

00:37:41.360 by a little bit a lot or all 25 000 um i would argue at least 25 000 if not more because all you're doing

00:37:50.200 in that instance is increasing the demand you're not doing anything to improve the inventory numbers

00:37:56.200 or to improve people's affordability um that's the real key here is the affordability i mean you can

00:38:01.620 lower rates but if people if these prices are surging higher than um you know then then to offset the

00:38:08.820 reduction in the mortgage rate it does nothing um you're just increasing it even more and um you know

00:38:14.940 taking the dreams away from people who want to be homeowners and and sophie when when the fed

00:38:21.940 lowered rates by 50 percent when they lower rates 50 percent that's the what they call the short term

00:38:30.140 that's the that's the shortest term rate that there is whereas mortgage rates are the longest or 10

00:38:36.780 15 30 year mortgages what happened to interest rates on the long end of the curve as they say did

00:38:46.480 they go down 50 percent following 50 basis points following the fed or did they stay the same or go up

00:38:53.280 um no they did not go down it was actually baked in already in the from july um in anticipation for

00:39:01.880 these rate cuts so the mortgage rates like you said are driven really by the yield number um so we have

00:39:08.200 not seen any change right now um and i don't expect to see much change in um in you know the future um

00:39:16.460 you know under this plan that they have um the projection is to be at five and a half percent by

00:39:22.040 the end of 2025 but like we were mentioning before if you got the lock-in effect with these rates at four

00:39:29.160 percent and less still not going to solve the problem of affordability and throwing money at

00:39:34.060 this situation um is not going to help anybody except cost foreclosures rent arrears i mean you

00:39:42.340 can give people money but if they cannot afford to live there there is no sense in in in doing that

00:39:48.120 to people you're not helping people and the housing shortage the bill that you mentioned it is true

00:39:52.580 the cost of building materials is a big thing it's also locally uh regulations locally government

00:39:58.820 doesn't really run homes that are being built um you know she's proposing you know that they're

00:40:05.300 going to do three million new homes but um we've seen a decrease of almost one percent in new home

00:40:09.960 construction this year sophie sophie um thank you so much tell us um having in touch with you

00:40:16.940 sure thank you um you can go to my website real safety real estate.com all of my handles are there

00:40:24.300 i'm going to media you can find my podcast i break a lot of these numbers down and i got all the

00:40:29.260 handles i'm on rumble too uh real safety real estate real safety real estate podcast so i hope you

00:40:34.120 tune in but thank you for having me dr navarro i'm really really super important that people

00:40:39.620 understand this it was a pleasure you always give us such grim news but it'll get better under trump

00:40:44.720 thank you so it will be better thank you all right navarro here uh we're coming up for the big

00:40:51.340 finish after the break uh with the great mike lindell you are in the war room stay right here

00:41:00.400 we've seen it time and time again somebody exposes the truth just to be labeled a conspiracy theorist

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00:42:29.820 you owe back taxes right here's the question why is the irs targeting you and not millionaires who owe

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00:44:14.380 slash bannon here's your host stephen k bannon

00:44:18.540 navarro in for bannon uh will be you with you this week uh 10 to noon on wednesday and friday eastern

00:44:34.380 time it's going to be movie week uh dave bossy on wednesday is going to debut uh an incredible movie

00:44:42.460 uh that he made that features uh a lot of time interviewing donald john trump uh but it's also

00:44:51.100 uh an expose of uh kamala the illusionist which was the theme of my monologue uh this morning the the

00:45:00.380 central fact of kamala harris is that she is what she is and she's trying to make you believe that she 0.94

00:45:11.260 is what she says she is and the difference between what she is and what she says she is is

00:45:20.620 wider than the grand canyon and therein lies the tale and it's our job

00:45:27.100 here in the posse it's a job the legacy media is not doing exposing that because

00:45:32.940 she's gambling that the so-called low information voter the folks who don't read anything or listen to 0.89

00:45:44.620 anything will be susceptible somehow to the messages uh coming out of her lying mouth 0.97

00:45:53.340 um that finds them and truth is an antibiotic against the disease that harris is spreading

00:46:08.940 i want to uh just remind you about uh my book the new maga deal at new maga deal.com new maga deal.com

00:46:18.700 it's the unofficial deplorables guide to donald trump's 2024 platform it's published by don jr's

00:46:27.260 house and the reason it's important is it's 100 actions in 100 days uh and 37 chapters half of which

00:46:36.540 are written by former stars of the first trump administration and it stands in sharp contrast

00:46:46.620 to the bag of nothing that kamala harris uh has offered the voters of this country she's literally 1.00

00:46:57.100 has nothing and we had is it just a recap

00:47:02.540 andy biggs uh very somber news on the continuing resolution it looks like the uniparty

00:47:10.860 is going to go ahead and push the can down the road again what that emphasizes folks

00:47:17.820 is that this election is not just about winning the presidency about winning

00:47:24.620 all three branches of government it took all three branches to put me and steve in prison

00:47:31.100 legislative executive

00:47:33.980 judicial and what we have right now is a house controlled by the republican party but the

00:47:42.860 republican party itself unlike a unified democrat party the republican party is is a is a mischief of

00:47:52.460 faction so we have the the the true folks who really have the welfare of this country 0.56

00:48:02.380 in the the gates's and biggs and elide cranes um of this world but then we got a bunch of

00:48:10.620 purple congressmen who are quick to vote with the democrats uh and then we have a leadership in mike

00:48:18.780 johnson i mean i i can't think of a single thing he's done that was pure posse-esque uh he's just not

00:48:28.700 with us and it's uh the way we change it is to get that house with a large republican majority and get

00:48:38.140 some fresh leadership in there all right uh let's go right now to um mike lindell i'm i'm astonished

00:48:46.540 uh that you can offer uh a sale with a price and somehow the media finds malintent in a simple

00:48:58.140 number mike what what the hell's going on they will not stop go what's going on here mike well we 0.51

00:49:03.980 announced uh we announced a sale last week it was on the war room we got money or we got pillows back

00:49:09.660 from a box store that canceled for 14.88 and we have other pillows for 29.88 all these different

00:49:16.060 prices well the 14.88 they pulled some 88 means hitler so they're called all weekend they called me

00:49:22.460 a racist they called me i mean you name it if you check out social media this went all the way up to the

00:49:28.620 daily mail and this hit job and hit job on my pillow all because why because their ceo wants to

00:49:36.140 secure our elections and go to paper ballots hand counted like 132 other countries have already done

00:49:43.100 and the the attacks are just relentless and now to attack a price i think walmart uses 88 and all out

00:49:50.460 of their stuff when you reduce it it just transfer transfers to uh hey it's a big it's a

00:49:56.460 even a sale on a sale which we're gonna go ahead and do here at the war room i'm just gonna push back

00:50:01.980 so i put everything on sale with that 88 if we put up the classic collection here it is everybody

00:50:08.940 i you got the uh you got the queen size pillow 18.88 the king size 19.88 these are sales on sales the

00:50:17.340 multi-use my pillows 9.88 body pillows 29.88 and we still have that standard for 14.88 so you know what

00:50:26.060 peter i'm just tired of this they um my employees they work hard making pillows here 100 percent

00:50:31.820 made in the usa you can go to the website go down to you see steve's face and then click on that and

00:50:37.980 there's free shipping i'm going to push back free shipping for the war room posse today on your entire 0.93

00:50:44.300 order so get those big ticket items too like the there you see the mattress topper as low as 99.99

00:50:50.780 get your mattresses now remember they tried to destroy our country with high shipping prices because

00:50:57.020 of gas and we're pushing back we're gonna we're gonna eat that shipping for you all today uh and

00:51:03.340 we're gonna be pre-shipping on your entire order and we're gonna do those pillows on sale 1988 1888

00:51:10.620 988 1488 i can't believe the media can figure out a way to attack me on my own pricing uh call my pill

00:51:19.100 800 873 1062 these are the and there was a lot of concern this weekend with everyone going mike you

00:51:27.020 put it you've got to take these prices down 88 means hitler or some crazy thing i said oh really

00:51:33.020 did you tell that to walmart and other stores who are they to tell me my prices it's unbelievable

00:51:38.620 but anyway we're pushing back everything's on sale war room posse you get free shipping on your entire

00:51:45.340 order no matter what you order big ticket small ticket don't matter all right my brother lindale

00:51:51.980 you are a patriot sir you out and preach the gospel and use whatever numbers you think can sell your

00:51:59.260 products because we need you in the hunt brother you and your employees navarro in for banner we'll see

00:52:05.740 you on wednesday 10 to noon eastern time with the great dave bossy and the debut of a great new film

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Bannon's War Room - September 23, 2024

Episode 3924： Winning Michigan; Smoke And Mirrors Fight Against Trump

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