Episode 4333： Senate Dems Pushes For 30 Day CR
Episode Stats
Words per Minute
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Summary
Breaking news from President Trump's press conference with the Prime Minister of Ireland, Brian Glenn, and CNN's Manu Raju on the Hill with breaking news on Capitol Hill, and a look ahead to a possible government shutdown on Friday.
Transcript
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The bracket here, you've got the governor's bracket, you've got Whitmer, you've got Shapiro, you've got the governor of the Commonwealth of Kentucky, right, Brashear, you've got Illinois, Pritzker, you've got Polis.
00:00:14.160
The governor's bracket is powerhouses, it's packed, he wants to get out of it.
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Since the California model is so broken, he wants to get out of the governor's bracket and he wants to get to what I call the celebrity bracket.
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Stephen A. Smith, Mark Cuban, Rahm Emanuel, Pete Buttigieg, and, of course, Gavin Newsom.
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Well, I highly suggest, let me give it over to you, but I highly suggest, folks, if you're listening to a podcast, listen to that one because it was 85% Steve Pannon.
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I guess he's a gangster and he's got a pirate crew.
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We're going to go immediately to President Trump's going to go in the East Room momentarily for the official press conference with the Prime Minister of Ireland.
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We're going to have a little bit of time here beforehand, before Brian Glenn takes it over.
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I don't have time on the back end, but right now, breaking news on Capitol Hill.
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Let's go to our cold open for the 5 o'clock show.
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The Senate Minority Leader, Chuck Schumer, just announced that Senate Democrats are preparing to block the government funding bill that was passed by House Republicans last night.
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Our CNN Chief Congressional Correspondent, Manu Raju, on the Hill, as per usual.
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I mean, this big question was, were Democrats going to stand and fight?
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Were they going to view it as important to keep the lights on?
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I think my question is, I mean, how much of this is real, that we could actually face a shutdown here, and how much of it is them needing to show that they are fighting?
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Well, they definitely need to show that they're fighting to a lot of Democrats.
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We want to see this as really their, really it is their first piece of leverage to push back against everything that Donald Trump has done so far.
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Because their votes are needed in the Republican-led Senate in order to overcome a filibuster attempt.
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We expect one Republican senator to vote against it, which means there needs to be at least eight Democrats to vote yes.
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And what Chuck Schumer just said on the Senate floor just moments ago was that there would not be 60 votes.
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There would not be at least eight Democrats to break a filibuster.
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Funding the government should be a bipartisan effort.
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But Republicans chose a partisan path, drafting their continuing resolution without any input, any input from congressional Democrats.
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Because of that, Republicans do not have the votes in the Senate to invoke cloture on the House CR.
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Our caucus is unified on a clean April 11th CR that will keep the government open and give Congress time to negotiate bipartisan legislation that can pass.
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I hope, I hope, our Republican colleagues will join us to avoid a shutdown on Friday.
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Now, a CR means continuing resolution, which is essentially an extension of government funding.
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What Schumer is calling for there is a one-month extension of government funding.
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But the Republicans are just not going to go for that.
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So that really is going to leave Democrats with a choice here in the Republican-led Senate.
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They can vote for the House plan, which they are opposing, because it does have cuts to domestic programs.
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It does nothing to constrain Donald Trump or Elon Musk for the efforts to purge the federal government so they can vote to accept that House plan, which extends government funding until the end of September.
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Or they could line up and do what Chuck Schumer said right there, block this plan.
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And that has actually caused, Casey, a lot of consternation, a lot of concern among Senate Democrats.
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They don't know how long a shutdown could go on for.
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They don't know what Trump would do if their government is shut down.
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Perhaps he could go even further in his efforts to purge the federal workforce and shut down government agencies, which is why a lot of Democrats are still uncertain, despite Schumer's declaration, whether they would actually stand firm and block this plan or whether come Friday, when we expect that key procedural vote to happen, where they'll vote to advance it and eventually let this become law.
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But if they do that, there'll be a lot of backlash from a lot of Democrats who want to see their party fight in their first piece of leverage against Donald Trump.
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Pray for our enemies, because we're going medieval on these people.
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I got a free shot at all these networks lying about the people.
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I know you've tried to do everything in the world to stop that, but you're not going to stop it.
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And where do people like that go to share the big line?
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I wish in my soul, I wish that any of these people had a conscience.
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Ask yourself, what is my task and what is my purpose?
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If that answer is to save my country, this country will be saved.
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It's Wednesday, 12 March, year of our Lord, 2025.
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Before the President of the United States walks in with the Prime Minister of Ireland,
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it's kind of the traditional St. Paddy's Day celebration of our culture, etc.
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He's going to do a formal press conference in the East Room.
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They have not opened up the East Room yet, so we have a few minutes here beforehand.
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We are going to go for the entire press conference, and they always ask great questions.
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Maybe Brian Glenn will get one in, and then we'll come back to the programming and hopefully
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We're going to live stream on all of our channels the debate in Wisconsin for the Supreme Court
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Tomorrow, we're actually going to be teed up beforehand with the chairman of the GOP.
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We're going to try to get him in before the president comes in.
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Also, tomorrow, we'll have a breakdown in polling afterwards, or where that stands.
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And we'll have the ability for you how you can do out-of-state phone banking.
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People want to go to work, ready to stretch the legs and get back to it.
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So right there, the Democrats, President Trump put him in a box.
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The House Republicans voted on a CR and then left town.
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And Schumer, as of this morning, the thinking was they were going to get 60 votes to break
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cloture and to basically say, okay, we'll go to the end of the year.
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But they couldn't get the eight votes they needed, even with Fetterman saying he would
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Rand Paul had already said he was going to vote against this.
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And it looks like, unless something huge happens, what they want is a 30-day extension.
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Now, we would say for a 30-day extension, if the appropriations bills were anywhere near
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where they could be, and I think 75% of the total appropriations has been done.
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We've advocated, hey, pass those bills, work that out, then do a CR for the rest.
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I don't think President Trump or the Republicans are going to accede to that.
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Right now, if you're a betting man, I think it looks like the government could shut down
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And I will tell you, I don't know how you unshut it down, but they're essentially,
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Aren't they giving a free hunting license to President Trump and Doge and Elon Musk just
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to go on and say, oh, here's who is essential and here's who's not essential?
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We hear, and it's not going to happen this afternoon, we know this, but the executive
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order to essentially take apart kind of on a formal basis, the education department,
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the Department of Education, has not been signed yet.
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The Democrats say, Schumer says he doesn't have the votes, and in not having the votes,
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The Senate Finance Committee goes up to see President Trump at the White House tomorrow.
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I think they're talking about the tax, building reconciliation, but I'm sure a lot's going
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We also have all day long a firestorm on tariffs.
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People don't understand tariffs, a lot of nonsense being put out there.
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So we asked the expert of reshoring, Spencer Morrison, to join us.
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I mean, most people say they don't know what he's doing.
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Speaker Johnson has been defending him, saying that we are effectively, as said, we're in
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John Thune, the Senate Majority Leader, keeps saying, you know my view on tariffs, which
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is he's not a fan of this, but Trump is trying to reorganize the global order, and we should
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But I will tell you, the market goes down, continues to go down like it's going down
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now, and I'm not talking about it might be up at this moment, but if it continues a
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downward trajectory, members of Congress are going to be nervous because people, as I
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think you noted, Katie, people are not going to be happy if their 401ks or portfolios are
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I think that was in the clip that you showed at the top.
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The patience to reorganize the global trade order is just going to wane significantly to
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And on top of that, just with all the chaos with government funding and the tax bill and
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everything that's going on on Capitol Hill, there's just not going to be an appetite for
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a large-scale trade war, and I think that will start to rear its head in a couple weeks.
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The EU was set up in order to take advantage of the United States.
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I can't, you know, I have great respect for Ireland and what they did, and they should
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have done just what they did, but the United States shouldn't have let it happen.
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Or let's say they weren't business people, but they didn't have a clue what was happening.
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And all of a sudden, Ireland has, you know, our pharmaceutical companies and other, this
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beautiful island of, it's Ireland, of five million people.
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It's got the entire U.S. pharmaceutical industry in its grasp.
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And, you know, you mentioned housing and you mentioned other things.
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I mean, I have property in Ireland, as you know, and I love it.
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But I'd like to have, I'd like to see the United States not have been so stupid for so
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many years, not just with Ireland, with everybody.
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I was telling the group yesterday, I looked at trade deals in term one.
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It's one of the reasons I decided I had to do this, because somebody had to straighten
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it out and I didn't see anybody that was going to.
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I looked at trade deals that were so bad, I'd actually say, how is it possible that this
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Who would have been so stupid to let these deals happen?
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For instance, when the pharmaceutical company started to go to Ireland, I would have said,
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But if you want to sell anything into the United States, I'm going to put a 200 percent
00:12:00.180
So you're never going to be able to sell anything into the United States.
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OK, Spencer Morrison, the author of Reshoring and I think America's top expert on tariffs.
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Spencer, your head must have been blowing up the last couple of days.
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Because it's almost been for the audience that doesn't have to monitor CNN and MSNBC and
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It's almost been nonstop tariffs and how evil tariffs are, how terrible tariffs are, how
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Sir, and I'm going to bring you back after the break.
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But just give us your overall assessment, Spencer, of where we stand in all this.
00:12:49.680
What President Trump is doing is he's recognizing that there are two types of economies that are
00:12:56.260
in conflict in not just in America, but all throughout the world.
00:13:00.520
There's the financialized economy and then there's the productive economy.
00:13:05.160
And what President Trump is doing is he's trying to shift America away from a financialized
00:13:09.800
economy, a service-based economy towards an industrial and a productive-based economy.
00:13:15.560
And this is incredibly important, not just for the long-run prosperity of America, but
00:13:21.720
I just want to give you a really quick example of this, the financial economy.
00:13:35.800
Because just in saying that, you've been able to kind of give a, you know, a construct,
00:13:41.500
intellectual construct in people's minds for the war and posse.
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There's the lords of easy money on Wall Street that want to financialize everything.
00:13:51.740
Remember 2008 with the financial, financialization of the mortgages and credit-backed securities and
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all this esoteric financial instruments that they took hundreds of millions.
00:14:05.700
And then when it all collapsed because the underlying economy couldn't support it, not
00:14:10.240
one of them, not one of them was ever held, ever held accountable.
00:14:16.520
That's a fancy Harvard Business School term for saying you, the little guy, the taxpayer
00:14:22.780
And they've left unlimited upside for themselves.
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We could not have created something so perfect for the ruling class in this country.
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This is what President Trump's trying to break, trying to re-industrialize America, what
00:14:42.380
Spencer Morrison calls the productive economy, with manufacturing, production, and high value
00:14:54.340
But first, Spencer Morrison on Reshoring, next in the world.
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00:16:18.620
Number one, the Democrats said they don't have the votes to break cloture.
00:16:22.560
It looks like we're going to hurtle towards a government shutdown or some major renegotiation.
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Captain Bannon's in town tonight for Alex Brusiewicz's gathering over at Butterworth, and there's
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nobody in the House for her to go hang out with, so they're gone.
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He's going to join us here in a moment about breaking news coming out of the courts about
00:16:45.060
trying to—the federal judge insurrection trying to stop President Trump from executing
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And, of course, all day they've been in complete and total meltdown about the tariffs.
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I'm going to go back to Spencer Morrison in a second.
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Let me get this breaking news from Julie Kelly.
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They're trying to stop Trump in every way possible.
00:17:08.180
They're trying to stop his executive orders to hold these law firms accountable.
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They're trying to—the Doge guys found $20 billion that somehow got wired to Citicorp,
00:17:18.800
The judges are trying to say the money's got to be released.
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And I know these are some of your favorite judges because they're in Washington, D.C.,
00:17:30.840
As Mike Davis says, this is a federal judge insurrection against the president of the
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Steve, it's so frustrating because you and I have talked about this for years, not just
00:17:44.500
related to the federal cases against the president that were handled in Washington, D.C., but,
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These judges are out of control, and they have no accountability and no oversight.
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Congress has completely abdicated its role in holding these judges accountable, holding
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impeachment proceedings for at least the most flagrant violators, which includes Beryl Howell,
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She is the former chief judge of the D.C. District Court.
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She was in that role for seven years between 2016 and 2023.
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She managed, as chief judge, all of the lawfare against President Trump, starting with special
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counsel Robert Mueller's investigation into phony Trump-Russia election collusion.
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She has acted as nothing more than a rubber stamp for the DOJ—well, until the DOJ went back
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So she allowed Robert Mueller to get away with whatever he wanted to.
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She then did the same with the grand jury proceedings for special counsel Jack Smith in
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the classified documents case and the J-6 case.
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But now what she did—and quite honestly, Steve, this is a clear example of a judge who should have
00:19:12.620
recused herself because she handled the Trump-Russia collusion investigation that originated in the
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offices of Perkins Coie, the law firm that acted as the pass-through between Fusion GPS, who
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retained Christopher Steele, who made up the dossier, basically, and peddled that around Washington
00:19:35.380
for 2016 and 2017, including at the FBI, she managed that investigation.
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She should have recused herself from the lawsuit that Perkins Coie just filed seeking a temporary
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restraining order to overturn the president's executive order last week that stripped security
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She did not do that, and instead today issued from the bench putting on hold a temporary restraining
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order against the president's executive order stripping Perkins Coie of their security
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Just another egregious example of these judges acting solely on their own, using whatever excuse
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they can't—to overturn—perkins Coie understands when—this is Trump's war—this is Trump's war
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against the big law firms that run the city, that run the imperial capital, and he put a shot right across
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They do understand that this—and this is why they're fighting, and they're fighting out of the box,
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They understand this is much deeper in the justice security clearances.
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They understand that the next thing—stripping of security clearances, next thing goes to cutting
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him off of government contracts that these guys live for.
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And Perkins Coie is with Bob Bauer and Mark Elias.
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I mean, this is the demon shop of the demon shop, right?
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That's why they were symbolically chosen as the first.
00:21:06.720
Is the judge basically restricted the president of the United States from somebody—how can the
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commander-in-chief be restricted from taking somebody's security clearance away, some institutions?
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He has ultimate authority on all security clearances, doesn't he, ma'am?
00:21:19.320
Well, I mean, you would think so, but this is apparently not the conclusion of Beryl Howell,
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where she basically said, and I will be getting the transcript.
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I was following Kyle Cheney at Politico, who was in the courtroom.
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This was one of those proceedings that did not have audio like the other hearing that I
00:21:40.620
But you had to be there, so I was following along what Kyle Cheney was saying.
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And she's making these outlandish declarations, how seeing the president be able to strip
00:21:51.360
someone of their security clearance, you know, just made the hair on her skin raise up.
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She was making, as she always does, all of these editorial comments directly contradicting what
00:22:07.260
is clearly the president's presidential executive authority to do exactly what he did, not just
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Perkins Coie, but of course Covington and Burling, the law firm that gave free legal services to
00:22:19.980
special counsel, Jack Smith. And I'm following up on this, but it appears like she is preventing
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the president's executive order from going through by calling Perkins Coie dishonest and dangerous,
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which he did. But what the Perkins Coie lawyer told Howell today is this is basically a death
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sentence for Perkins Coie, that there would be no way for the firm to stay in business if this
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executive order holds. Oh, baby. Baby, I love this even more. We want a death sentence and we want
00:22:56.080
to salt the, we want a Carthaginian peace. We want to salt the earth around it. You also, this other
00:23:02.880
big, so President Trump as commander in chief can't take some, an institution or person's security
00:23:09.460
clearance away. Okay. I see where they're going. Now the other is about more about money. And this is
00:23:15.520
where, you know, President Trump has the empowerment, has the ability to cut the money off. Tell me
00:23:20.960
about this, this, cause this thing's kind of murky about six, I think this is $20 billion ended up in
00:23:25.960
Citicorp in the last days of Biden who actually gets it. Now people are going to court on that too. Is
00:23:30.460
that correct, Julie? Yes, Steve. And this is a huge scandal that I will be covering and hopefully you
00:23:36.420
and I could talk about more. This has to be one of the biggest scandals out of the Biden-Harris
00:23:41.220
regime. And that is this $27 billion, so quote unquote climate fund, $20 billion of that was
00:23:51.720
hidden at Citibank, put at Citibank, our money under this greenhouse gas reduction fund, $20 billion
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put at Citibank November 1st of 2024. Obviously to not only keep accountability away from Republicans in
00:24:10.480
Congress, but of course a potential Donald Trump White House. That money was granted to only eight
00:24:17.860
non-profits, climate non-profits, including one that had just been created by Stacey Abrams,
00:24:25.040
who received $2 billion, but the other one, Climate United, and that's who was in court today
00:24:31.680
before Judge Tanya Chutkin, another one of our favorites, filed a lawsuit because EPA Administrator
00:24:38.980
Lee Zeldin and DOJ-FBI is investigating that $20 billion fund that's at Citibank right now,
00:24:47.900
froze disbursement of those funds under suspicions of fraud and other criminal behavior,
00:24:55.100
and then canceled, Lee Zeldin announced last night, canceled the contracts with those eight
00:25:01.140
climate non-profits. Now, the one who was in court today, Climate United, led by a former Obama
00:25:07.960
White House official, packed with Democratic activists and party leaders, they received $6.97
00:25:16.900
billion, Steve, billion dollars. Just ranted to them. Unbelievable. Unbelievable. The year before,
00:25:24.620
Steve, the year before, this fund was created in June of 2023 and had less than $100,000 in the bank,
00:25:30.780
now they are going to this Judge Chutkin asking for a temporary restraining order to force the EPA
00:25:37.160
and Citibank to give them the money that they insist is theirs. Folks, between USAID and the Citicorp,
00:25:48.360
that's what, $27 billion, $40 billion, $50 billion. It's not the philanthropic, this is not tithes,
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this is not source, this is your tax dollars going to fund the most radical people. Stacey Abrams
00:26:01.260
was on MSNBC the other night yammering on about toasters and energy efficient refrigerators, and
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she skimmed $2 billion. This is outrageous. And you're going to see some of these judges give
00:26:13.560
TROs and try to give them the money. Hey, this is going to be fought all the way up. The Supremes
00:26:17.820
should get ready because this is going to be fought all the way up, all the way up to the top.
00:26:22.740
Julie, you're reporting, and you're going to drill down as only Julie Kelly can do on this latter one
00:26:26.360
because this one's going to be pretty tasty, I think, Julie. Oh, it absolutely is. And kudos to
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EPA Administrator Lee Zeldin, who really blew the lid off of this last month. Also, Trump's DOJ,
00:26:37.340
including D.C. U.S. Attorney Ed Martin, who ordered the freeze of these funds when they found out that
00:26:44.080
it had been sheltered at Citibank. Also, the grant agreements changed twice, December of 2024 and about
00:26:52.360
seven days before Inauguration Day. The Biden, White House, and EPA changed, made modifications to
00:26:58.780
those agreements to make it much easier for these grantees, which are nothing more than a money
00:27:04.460
laundering operation. Our money that they take, they employ who knows who, and then doles this out
00:27:11.640
to what solar panel manufacturers in Arkansas. I mean, this is how absurd and scandalous this is.
00:27:20.420
I am going, I am digging into this. We'll continue to do so because this is a huge, breaking,
00:27:26.780
massive, looks like money laundering scheme into the tons of billions of dollars.
00:27:32.020
What, what, what, what is your, what is your social media, ma'am?
00:27:36.840
Julie underscore Kelly, uh, two on X. I covered the Chutkin hearing today. And then of course,
00:27:42.400
declassified with Julie Kelly on Substack. Yeah. You notice you see some of these judges pop up all
00:27:48.980
the time. This is how important it is to get our judges in and get them confirmed. They're everywhere.
00:27:53.200
Julie Kelly, you're a superstar. Thank you, ma'am. Spencer Morrison on the other side,
00:27:58.820
we're going to get back to tariffs before we go live to the East Room with President Donald
00:28:03.440
John Trump, who looks like he may be moving in now. Short break.
00:28:10.820
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00:31:03.720
There is the East Room. It's going to come up momentarily. Beautiful shot. That's the
00:31:12.000
Real America's Voice camera. In the East Room, the Prime Minister of Ireland, the President of
00:31:17.360
the United States are going to come in momentarily. Spencer, and we're just going to have your
00:31:22.440
voice. I want to keep that shot, Denver. It's a beautiful shot. Spencer, you're going to punch
00:31:26.760
and I'm going to bring you back. But why this firestorm that's come up and it's consumed cable
00:31:32.680
television, is it because that the forces that want the financialization of the economy, the
00:31:40.240
neoliberal side of the American economy, they will do anything to talk smack about tariffs,
00:31:50.400
including lie, bald-faced lies on television all day long, sir?
00:31:56.060
Yeah, absolutely, Steve. These people are the same people who for the last 50 years have been
00:32:01.200
neutering America's industry. They want America to be weak and easy to control, right? So what
00:32:07.740
President Trump is doing is he's imposing tariffs on key items like steel, aluminum, all the things
00:32:14.480
that we need for an industrial, powerful economy. And what that's going to do, it's going to shift
00:32:19.020
the balance of power from financial aspects of the economy over the productive aspects of the
00:32:25.920
economy. So, for example, machine tools. These are the sorts of tools that, you know, shape other
00:32:31.860
materials. They're the machines that we need to make more machines. They're basically the reproduction
00:32:36.780
system of our economy. America used to be the leading exporter of machine tools. We made all the
00:32:43.480
machine tools, right? Everybody bought American machine tools at the end of World War II. Now,
00:32:49.140
America makes just 7% of machine tools. I mean, Italy makes more. Italy makes 8% of these,
00:32:55.440
right? You think about the size of the economy between America and Italy. It's not even close.
00:33:00.540
But America's economy is behind Italy's when it comes to creating these really valuable
00:33:05.180
machinery. It's shocking. It's shocking. Germany makes 15%. It's double.
00:33:13.540
Double. Okay. You're watching the East Room momentarily. The Prime Minister of Ireland,
00:33:18.920
the Taoiseach, I think it's pronounced, in Gaelic, is going to enter with the President of the United
00:33:24.320
States, Donald John Trump. They're going to have some brief remarks, and then they will take questions.
00:33:28.860
Our own Brian Glenn is in the East Room with a Real America's Voice camera crew. As soon as the
00:33:35.940
Prime Minister and the President will come through those double doors are there. As soon as they enter,
00:33:40.260
we will go live to the feed. So this back and forth with Canada. Talk to me about what happened in
00:33:46.380
Canada today. First of all, the Premier was going to charge 25% for the hydroelectric power coming to
00:33:52.360
Minnesota, Michigan, and New York. Then he said he's going to cut it off. They've gone back and forth.
00:33:58.860
Now, Canada is going to put – President Trump went back and said, hey, I'm putting 50% on your
00:34:03.520
aluminum and steel. And then today, I think they fired back. Is this a way to have a trade war?
00:34:09.800
Is it jawboning? You're an expert on this, Spencer. What's going on?
00:34:15.240
Well, I mean, this is really just Canadian politicians scoring election points. There's
00:34:19.900
going to be a federal election coming up this year in Canada. Everybody's trying to score points.
00:34:24.640
And they're scoring these cheap political points at the expense of their own economy and the welfare
00:34:29.960
of their own people. Canada has no cards, Steve. No cards. There's no leverage in a trade war with
00:34:36.780
the states. Just think about this. Canada exports 10 million tons of steel every year to the states.
00:34:42.300
That's 82% of all the steel made in the country.
00:34:44.720
Huh. President Trump has shut down Canada's industry.
00:34:48.040
The voice of Spencer Morrison, he's the author of Reshoring, a new book on bringing manufacturing
00:34:55.820
jobs back to the United States. It is exquisite timing. I want to talk to Gray Delaney and all
00:35:01.780
the people over – what is it? Calimo, just incredible timing on this book.
00:35:05.260
Look, you're using – is this an homage to Donald Trump now that you're using his favorite
00:35:11.600
phrase? You've got no cards. Zelensky has no cards. That's true. Why does Canada have
00:35:16.640
no cards, brother? They're providing Minnesota, Michigan, New York with power. They've got
00:35:22.280
all this product. They've got half the under-the-hood materials components to Detroit, don't they?
00:35:28.060
Whatever Toledo doesn't have, they've got up in Canada right there. Why do you say they
00:35:33.540
have no cards? I know Trump says it. Why does Spencer Morrison say it?
00:35:37.600
I'll tell you why. It's very easy. Canada exports 77% of everything. Everything that
00:35:44.720
Canada makes for export goes to the states. America is the one-stop shop for Canada. And
00:35:50.660
you know what? Canada even imports more from the states than they buy from them. Canada's
00:35:55.260
economy is completely dependent on America's economy. You know how we talk about import dependency
00:36:00.960
and America is buying critical products from China. The amount that America buys from China
00:36:05.580
is a fraction compared to how dependent Canada's economy is on the states. Canada's economy is like
00:36:11.940
one of those little fish that hook onto a shark, right? It can't survive on its own. So if there's
00:36:17.960
going to be a trade war between the two nations, there's just no way that Canada can win. It's too
00:36:23.240
small. It'd be like California trying to wage a trade war against the rest of the nation.
00:36:27.960
It totally makes no sense. Okay. We didn't have time. We had a clip for you about Walmart. I think
00:36:35.080
Walmart, the CEO was commenting on China. They're not particularly happy as many of these CEOs
00:36:39.820
of this. And I can't still figure out, call me a simple guy. I can't figure out if we're 10%
00:36:44.960
tariffs or President Trump had another 10 or if we're at 20%. I know she knows this. What is,
00:36:50.620
what is Walmart whining about today about the China tariffs? And what is your independent
00:36:55.700
assessment, Spencer Morrison? Well, China is a distributor of, in general, very low cost,
00:37:05.960
low quality goods that are exported from China. The entire Walmart business model is predicated upon
00:37:12.060
getting goods from these third world countries and bringing them into the states. And they've
00:37:20.180
profited enormously off of this. The problem is they've done it off of the back of American industry
00:37:25.820
and American workers. In order for the Walmart model to be successful, you have to kill off American
00:37:32.340
industry. And that pits them against the welfare of this nation. America needs to be a country that
00:37:38.700
builds the future rather than buys it. And low cost wholesalers like Walmart or the financial elites in
00:37:47.440
Wall Street are profiting off of America's demise. And it's not good for the country. It's not good
00:37:53.780
for our people. What we need to do is we need to reshore our industries so that we can revive the
00:37:58.100
American dream. Our guest is the author, Spencer Morrison, the author of the new book, Reshoring,
00:38:05.760
which is central about the re-industrialization of America, the policies it's going to take.
00:38:09.480
It's a very complimentary of President Trump's business model, including tariffs. Do you agree
00:38:16.780
with all day long the pulling of hair saying that President Trump is not messing? Let's say the
00:38:22.680
policies are correct. And they don't agree with the policies, but they say the messaging is even worse
00:38:27.100
between Lutnik, Navarro, the president, Besant. As you know, we're very close to some of these guys.
00:38:34.140
What's your independent assessment? Is this being messaged correctly, sir?
00:38:39.480
Well, I think there's two messages that are going out. There's the message that President
00:38:43.700
Trump is speaking to the ordinary common people. And that message is very, very well received.
00:38:48.940
People love the president. People have voted for this president like no one in history.
00:38:55.600
And I think they trust him to do the right thing. I mean, President Trump is a business mogul.
00:39:00.240
He knows how to make good deals. I think everybody implicitly recognizes that. But there is a very big
00:39:04.980
disconnect between the ordinary people who sort of on a common sense basis understand tariffs and
00:39:11.000
understand that we've got to bring the factories back because it's their jobs, it's their lives that
00:39:15.220
are being offshored. But there's a big disconnect between them and this sort of academic elite and
00:39:20.880
the academic, the financial elite. They hate President Trump and they don't want to listen to
00:39:26.620
his message on tariffs. And the reality is, is that it's just not being communicated to these people
00:39:31.640
because there's very few people who are a part of America's sort of intellectual elite
00:39:35.780
who know anything about tariffs. There's just no one writing about it.
00:39:41.100
Well, well, let's talk about that for a second, because all day long, even my brother, Eric
00:39:45.760
Bolling says, because he came out of Fox, he says, hey, I love some of the tariffs, but I don't like
00:39:50.700
part of it. All day long, they're saying this is a tax on the American people. This is a tax on the
00:39:54.980
American people. This is a tax on the American people. The consumer is going to suffer. This is
00:39:58.180
terrible for the consumer. President Trump doesn't care for the little guy. What say you, sir?
00:40:05.500
America was at its most prosperous when our tariffs were the highest. Everybody knows that. That's a
00:40:11.080
point of financial history. It can't be overstated enough. The decline of America's industrial output,
00:40:19.720
the decoupling between wages and productivity, all of this happened after 1974, when the tariff walls
00:40:25.180
were abandoned, when the gold window was closed, and our factories were being offshored to all
00:40:31.440
sorts of countries. I mean, you look at the American economy since 2001, when China joined
00:40:35.600
the World Trade Organization. It's totally backwards. All the gains have been going to the richest few
00:40:40.520
people. Regular, ordinary people have been losing their jobs. The middle class has been completely
00:40:45.520
eviscerated, and people can't afford to live in the communities they grew up in. This is because of
00:40:50.400
global free trade. This is economic globalism. We don't need that. What we need to do is we need
00:40:55.600
to protect Main Street. We need to protect small businesses. We need to protect American manufacturers.
00:41:01.420
Because the reality is that local productive assets in the States can't compete with the likes of China,
00:41:08.660
who are using slave labor, who are poisoning their water supplies, who are engaging in all sorts of
00:41:14.120
trade practices that we don't do, like dumping and giving bad loans to corrupt businessmen.
00:41:21.920
I mean, these Chinese companies, Steve, you have to remember, they're an arm of the state.
00:41:25.840
They can run negative balances for 20 years, and they don't go out of business, because the Chinese
00:41:31.660
government knows that once all the American companies are dead, China's going to move in,
00:41:35.800
and they can jack up the prices and make all the profits back that they've foregone for 20 years.
00:41:41.600
That's what Japan did to us with the karyetsu model in the 1980s. It worked then. It's working now.
00:41:47.200
And America's political elites just haven't learned.
00:41:51.380
This is – Spencer brings up a great point. This is in President Trump's first term with Bob
00:41:56.040
Lighthizer and Peter Navarro, early work by myself and Stephen Miller.
00:42:00.560
By Bligherson finally got – in the May of 2019, the deal that had seven different – it cured the seven
00:42:08.000
original sins of the Chinese Communist Party's state capitalism and authoritarian model,
00:42:13.620
which, quite frankly, the elites in the United States kind of copied.
00:42:17.340
But we had a deal that had been negotiated for a year and a half virtually every day.
00:42:23.420
By the way, you see some movement there at the front, the military aid.
00:42:26.480
We are going to jump – our guest is Spencer Morrison.
00:42:31.740
We are going to jump live to the East Room as soon as there's some movement from the Prime Minister of Ireland
00:42:39.300
What Spencer is talking about is that Lighthizer and Navarro had hammered out with Vice Premier Lee He
00:42:48.780
over 18 months, almost a two-year period, a deal that actually took care of this
00:42:54.380
and – or began to take care of this, of the excess capacity of state-owned industries,
00:42:59.280
the ability of those state-owned industries to basically drive down prices.
00:43:05.780
And that deal was not accepted by Xi and Wang Xixiong at the last second.
00:43:11.000
And that's the same month, folks, that they declared a people's war against the United States of America.
00:43:16.480
This is when warfare really started, political warfare, cyber warfare, unrestricted warfare.
00:43:24.380
People's war against the United States of America.
00:43:27.060
I said we've been at war with the Chinese Communist Party for a number of years.
00:43:40.920
But it's – and you've seen Apple come in at $500 billion of capital investment here to bring factories and jobs back.
00:43:47.840
You've seen Taiwan manufacturing, $100 billion four years in Arizona.
00:43:53.000
You've seen, I think, today, Asahi Brewery going to be in Wisconsin.
00:44:00.840
In those days long ago when I used to have a beer every now and again, I loved Asahi super dry.
00:44:06.520
They said they're going to build a big facility here in the United States of America.
00:44:18.420
Is that foreign companies coming and putting their capital work in jobs?
00:44:23.060
Or is that Americans starting to reinvest back here in the United States, American companies, sir?
00:44:32.340
I mean, ultimately, big companies and hedge funds, they're going to respond to economic incentives.
00:44:38.860
And if there's a huge disincentive to investing and building factories abroad because you're going to have to pay a really big tax when you bring the products back into America, it just doesn't make any financial sense for them to do that.
00:44:51.160
I mean, very few businesses are going to go and open a factory in China if they know that they have to pay 25 percent to bring their products back into the States.
00:45:01.460
America is the biggest consumer market in the history of this world, and we can use that buying power to build the most productive economy in the history of this world.
00:45:49.860
Even though it's still a few days away, I want to be the first to wish each and every one of you a very happy St. Patrick's Day.
00:45:59.280
And as a lifelong New Yorker, nobody knows the Irish better than me.
00:46:11.240
I've had great, great friends over the years, and I love the Irish special people.
00:46:25.320
But I'm always struck by the awesome beauty of the Emerald Isle and the strength and warmth and grit and grace of the Irish people.
00:46:36.580
Today we're delighted to welcome Taoiseach Mahal Martin, a very special man doing incredibly well and very popular, and his beautiful wife, Mary.
00:46:47.760
And I want to thank you both for being here, the first official visit to the White House.
00:47:01.700
I also want to extend a special welcome to Ireland's ambassador to the United States, Geraldine Boom.
00:47:14.000
And you're going to be working with this gentleman right here.
00:47:17.560
He's a very great golfer, one of the best golfers that you'll ever see.
00:47:36.360
We're grateful also to be joined by the members and many members of our cabinet, proud Irish-Americans, Sean Duffy and Robert F. Kennedy Jr.
00:47:51.980
I knew that, let's see, Duffy we knew and Kennedy we knew.
00:48:04.960
That Attorney General Pam Bondi, Secretary of Energy.
00:48:22.300
Because everything else is going to be coming down with it.
00:48:25.180
All those expensive goods that you had to suffer with for four years are all coming down.
00:48:41.680
You know, I want to be politically correct and not mention it.
00:48:44.120
But I'm going to say, how much Irish do you have in you, Sean?
00:49:06.360
A nuclear power plant will take less than two weeks to get approved.
00:49:24.960
And I also, there's a very special man here that I've been watching a long time.
00:49:42.320
Radio City, I've watched you a lot, Michael, whose feet, the way they moved.
00:49:47.020
Can you still dance like that, or is Father Time caught up?
00:50:10.960
Doc Ronnie, as I call him, even though he's a congressman.
00:50:27.460
That's actually the way you pronounce it, you know.
00:50:39.260
Despite that, he's very successful at what he does, which is politics.
00:50:44.540
We have come together to this beautiful White House this evening for the annual shamrock
00:50:50.360
ceremony, a living symbol of the long and unique friendship between Americans and the
00:50:55.480
And we're always going to have that friendship, just like we have a great friendship.
00:50:59.540
We'll always have that very special friendship.
00:51:01.660
This wonderful tradition dates back to 1952, when the first Irish ambassador to the United
00:51:08.740
States sent President Truman a box of shamrocks as a gesture of goodwill.
00:51:25.060
The bond between our nations is the old America itself, and it is as old as our country.
00:51:31.420
So many Irish volunteers risked their lives in the American Revolution, and George Washington
00:51:36.540
described Ireland as, quote, the friend of my country in my country's most friendless
00:51:42.500
stay, meaning Ireland stuck with us when we were not doing so well, when it was looking
00:51:49.200
Irish heritage gave us the boldness of Andrew Jackson.
00:51:55.060
The brilliance of F. Scott Fitzgerald, Henry Ford, and Walt Disney, and the leadership of
00:52:09.940
It was men and women of Irish descent who built the hallowed halls of Notre Dame University.
00:52:19.660
The legend of the Boston Red Sox and the golden arches of McDonald's.
00:52:24.420
Today, one in every ten Americans trace their roots back to the old country.
00:52:29.460
We're discussing we have five million people living in Ireland, but we have 35 million
00:52:39.680
I was looking at all these great dancers over here.
00:52:55.860
Because I heard somebody was doing really fantastic.
00:53:09.480
As we celebrate Irish American Heritage Month, we're grateful to be joined by hundreds of
00:53:16.840
And I know from personal experience that many of the people that we have here, they're just
00:53:39.060
We will never give up ever, right, for the young ones ever, because you never know what's
00:53:44.360
Just a little, a little bit more effort, and you get there.
00:53:49.320
A lot of people said this was not a possibility.
00:53:56.160
They said that was going to be a tough race, and we won in a landslide.
00:54:00.880
And we're having, we're having a great time bringing our country back and bringing it back
00:54:05.080
back at a level that people had no idea was going to take place this rapidly, this quickly.
00:54:10.860
And a lot of our great people that are secretaries and the people working in the administration
00:54:19.880
Five blocks east of where we are today, that spirit once helped save the very heart of the
00:54:28.140
During the War of 1812, British forces rampaged through the streets of Washington, burning
00:54:38.680
Almost every one fled, but not Father William Matthews of St. Patrick's Church, which was
00:54:45.540
built to serve the Irish workers who came to build the Capitol in the White House.
00:54:49.960
They were building the White House, and they formed a great bond.
00:54:52.680
And they were doing the pretty, pretty important buildings, the White House and the Capitol.
00:55:00.600
As the fire spread, the priest and the group of his parishioners said that we're just going
00:55:09.020
We're going to have to do something because it's really bad.
00:55:13.280
And inside the church, they climbed to the roof, armed with only buckets of water.
00:55:28.740
And more than two centuries later, St. Patrick still stands as a beautiful testament to their
00:55:33.900
incredible resolve and bravery and the patron saint of the Emerald Isle.
00:55:42.340
So we have St. Patrick's Day, and we remember their courage, and we honor the bravery of countless
00:55:47.220
Irish Americans who have kept our country safe, strong, prosperous, and free.
00:55:51.820
And I made a little talk with my friend right behind me before at the Capitol, and they gave
00:56:03.280
I think 50 percent of the people that won the Congressional Medal of Honor were Irish.
00:56:15.740
Because that sounds to me, it's, you know, it's just that.
00:56:19.340
I want to, Pam, would you please have that investigated?
00:56:33.660
The Congressional Medal of Honor is the highest award you can get in this country.
00:56:38.740
And 50 percent, although you also have the Presidential Medal of Freedom, but I will say the Presidential
00:56:44.280
Medal of Freedom, it's much easier to, I mean, you know, you get it for achievement in something,
00:56:51.380
but you don't have to take many, many bullets, although there has been one bullet that was,
00:57:01.340
I'm the only one, the Presidential, that got that.
00:57:06.560
50 percent of the people that received the Congressional Medal of Honor had Irish heritage
00:57:13.460
and were involved in some form with the Irish, and that's pretty good.
00:57:18.920
In closing, I want to remember one more Irish-American patriot our nation lost this week.
00:57:25.860
In 1979, Anthony R. Dolan, some of you know that name, a lot of the people that work in
00:57:31.180
the White House know it very well, became the youngest ever Pulitzer Prize winner for his
00:57:35.560
reporting on government corruption in Stamford, Connecticut.
00:57:39.060
In 1981, he became the chief speechwriter to President Reagan, whom he served for eight
00:57:44.420
years, that's a long time, that's the full time, eight years, coining the phrase, evil
00:57:51.340
That's a very famous, people aren't here, the evil empire was a very professional.
00:57:56.380
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Yes, heart disease is the number one killer every year, year in and year out.
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Hypertension, high blood pressure, bad cholesterol, diabetes, all of it affects our heart.
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A healthy heart is key to being energetic as we get older.
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It is never too early to take care of your heart.
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You can start in your 30s, and when this happens, you're at serious risk by the time you turn
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If you want to take care of your heart and those you care about, please go to warroomhealth.com.
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Use the code warroom at checkout to save 67% of your first shipment.
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Warroomhealth, all one word, warroomhealth.com.
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If you're going to be part of the posse, you need a strong heart.