Bannon's War Room - Episode 4487： Americans Continue To Not Be Able Afford Prescription Drugs

00:00:00.000 Meanwhile, Republican Senator Josh Hawley is warning his own party over its push to make

00:00:04.340 potential cuts to Medicaid. In a guest essay for the New York Times, Hawley wrote in part this,

00:00:11.060 Mr. Trump has promised working class tax cuts and protection for working class social insurance,

00:00:18.440 such as Medicaid. But now a noisy contingent of corporatist Republicans, call it the party's

00:00:24.720 Wall Street wing, is urging Congress to ignore all that and get back to the old time religion,

00:00:31.380 corporate giveaways, preferences for capital and deep cuts to social insurance. The wing of the

00:00:37.900 party wants Republicans to build our big, beautiful bill around slashing health insurance for the 0.94

00:00:43.980 working poor. But that argument is both morally wrong and politically suicidal. We heard Josh

00:00:51.200 Hawley actually saying something that should be very obvious to most Republicans, especially

00:00:57.540 Republicans in deep red state America, whether you're in Missouri, whether you're in Alabama,

00:01:02.980 whether you're in Nebraska, wherever you are, Idaho, like Medicaid, Montana, Medicaid is a lifeline

00:01:11.180 for those residents. And here you have Republicans talking about slashing Medicaid to pay for,

00:01:17.740 you know, billionaires tax cuts on the coast, which is which is why that big, beautiful bill has some

00:01:24.700 big, unbeautiful problems. Right. I mean, there's long been this myth in the Republican Party that

00:01:30.380 anything that smacks of the welfare state is only for voters of color in Democratic cities. And as we

00:01:37.420 know from as far back as that seminal book, What's the Matter with Kansas? A lot of these programs,

00:01:42.520 a lot of government assistance goes to rural areas, goes to red states. And that's a big problem in

00:01:47.640 terms of passing this bill. I listened to that clip you just played of President Trump saying

00:01:52.220 he can't imagine any Republican being against it. I guess he can't hear Josh Hawley's voice or read

00:01:57.600 the op ed page of the New York Times. But there is disagreement in the Republican Party. There's

00:02:02.300 disagreement in the MAGA caucus. I mean, I write about this in a column that'll go up in a couple

00:02:06.700 of hours. But Laura Loomer has come out against the Medicaid cuts. And there's an interesting larger

00:02:12.040 story here, which is we always talk of MAGA or many of us talk too frequently of the MAGA movement

00:02:17.740 as a cult. And it's actually quite fractious. And I think we're seeing that through the lens of this

00:02:23.540 one big, beautiful bill.

00:02:25.340 This is the primal scream of a dying regime. Pray for our enemies, because we're going medieval on

00:02:36.380 these people. I got a free shot. All these networks lying about the people. The people have had a

00:02:43.240 belly full of it. I know you don't like hearing that. I know you've tried to do everything in the

00:02:46.920 world to stop that, but you're not going to stop it. It's going to happen. And where do people like

00:02:50.520 that go to share the big lie? MAGA media. I wish in my soul, I wish that any of these people

00:02:58.140 had a conscience. Ask yourself, what is my task and what is my purpose? If that answer is to save

00:03:05.800 my country, this country will be saved. War Room. Here's your host, Stephen K. Band.

00:03:13.220 Thursday, 15 May, in the year of our Lord, 2025. So, so much going on today. We're going to get

00:03:22.160 back to President Trump's triumphant tour of the Middle East. He's in UAE right now with MBZ. We'll

00:03:30.240 get all to that a little later in the show. Also, note, we're live streaming the Supreme Court

00:03:35.560 hearing today on the 14th Amendment. Absolutely monumental. Grace is going to put that up on the

00:03:41.120 other channels. We've got limited time. We have Senator Josh Hawley here. Senator Hawley,

00:03:45.640 can you make your case? And I think, is anybody, are we now, are they disagreeing with you that

00:03:52.820 they understand we've got to do this, but it's all about how it's managed, where these cuts are

00:03:57.400 going to come from? Are they going to go back to the states? Is there, there's dumping ground on that?

00:04:01.720 What's these work requirements? Is anybody, you think, pushing back on you about, we understand

00:04:08.580 that, that MAGA, that Medicaid, because all the great jobs have been shipped overseas,

00:04:12.640 that the working class, black, Hispanic, white, all depend upon, all depend upon Medicaid,

00:04:18.460 and we can't abandon these people, as I think President Trump doesn't want to abandon them,

00:04:22.400 sir? Yeah, that, you just said the most incredible, the most key thing, Steve, which is President

00:04:27.520 Trump. I mean, they're not disagreeing with me, these Republicans who want to cut Medicaid.

00:04:30.860 They're disagreeing with the president. He's the one who has said over and over and over,

00:04:34.920 we're not going to cut Medicaid benefits to our people. I still think that, Steve, there's a lot

00:04:40.200 of Republicans out there, it's the old establishment types, who want to slash this to the bone, and the

00:04:45.040 problem is, these are many of the same people who have stood by while our jobs have gone overseas,

00:04:50.540 while our towns have dried up and withered away. Now we've got people who cannot afford health

00:04:55.980 insurance, and so they're forced onto Medicaid, and Republicans, our answer needs to be, we're going

00:05:00.700 to stand by you if you're the working class. We're going to give you a tax cut. We're going to help

00:05:04.640 your families. We're not going to throw you out in the cold, and so I just say to my Republican

00:05:08.740 colleagues, look, you want to cut something? There's a lot to cut. Let's cut the Green New Deal 1.00

00:05:12.840 garbage. Let's cut all those subsidies that go to China. Let's cut out the giveaways to Big Pharma. 0.51

00:05:18.520 There's lots to cut. Let's not cut the working class. 0.97

00:05:22.660 As you see it right now, are those issues you're bringing up, are they being addressed seriously in

00:05:27.880 anything you're hearing from the House or your colleagues in the Senate? Well, I think it's too

00:05:32.820 early to say, Steve. I mean, listen, I've got concerns with the bill that the House has passed

00:05:36.520 out of committee. They obviously haven't passed the full thing yet. I think there's still a lot of

00:05:39.780 cuts in there to Medicaid that will really hurt people, and to be more specific about it, they will

00:05:44.240 hurt our people, and listen, I mean, in my state, we voted for Trump by 18, 19 points in the state of

00:05:50.660 Missouri, but 21 percent of Missourians are on Medicaid, Steve, and that includes hundreds of thousands of

00:05:56.420 children. These are Trump voters. These are working class people. These are people who have

00:06:00.740 gotten screwed by globalism, by free trade, by everything Donald Trump ran against, and I'm

00:06:06.160 not going to be a Republican who goes to them and says, hey, thank you for voting for us and trusting

00:06:10.380 us, and now we're going to take away your health care. What could be more stupid than that? That's

00:06:14.440 insane. That's why Trump is out there saying no benefit cuts. Republicans in Congress ought to listen

00:06:19.520 to the president. Okay, Missouri's perfect because that is a MAGA state, and particularly a working 0.63

00:06:25.640 class state. I know you stay very close to your constituents. Are you hearing from them directly,

00:06:30.600 hey, we can't take these cuts, you can't do these cuts? Yes, I am, absolutely. In fact, I'll give you

00:06:36.280 one example. Yesterday morning, a nurse in a small town in mid-Missouri, Appleton City is the name of the

00:06:41.720 town, and we're talking just a few thousand people. She texted and she said, thank you for standing up

00:06:46.940 against Medicaid benefit cuts if the Republicans in Congress, and she's a Trump voter, if Republicans

00:06:52.160 in Congress, she said, do these big Medicaid benefit cuts, our hospital in this little town will shut 0.95

00:06:57.420 down. We will not be able to provide health care. I mean, we just can't allow that to happen, Steve.

00:07:02.540 These are our people. I keep saying that. I tell my colleagues that every day. We are the party of the

00:07:07.120 working class. The working class of this country depends on the social insurance programs, not least

00:07:12.940 because the globalists have gutted our working class economy. We've got to rebuild that economy,

00:07:18.160 not cut the legs out from underworking people.

00:07:21.300 No, this is the part, this is the central beating heart of the Trump tariff and trade bill to reorganize

00:07:28.160 commercial relations, bring those jobs back. What is it specifically in the House bill that you're

00:07:35.960 saying, hey, I can't vote for, I won't vote for, and it has to be changed, that came out of committee

00:07:40.140 on specifically Medicaid? Yeah, I think a couple things. Number one, I'm concerned about their

00:07:45.580 messing around with the provider tax system. This will have a huge effect on rural hospitals in my

00:07:50.780 state. We've lost so many rural hospitals in Missouri, Steve. I don't want to see any more

00:07:54.800 loss in my state or any other state. Once again, rural America, these are our folks. We have got to

00:08:00.420 take care of them. Number two, the House imposed what I call a sick tax, which is more penalties on

00:08:06.380 working people when they go to the doctor. Now, before they can see the doctor, they got to pay

00:08:10.580 more. They got to pay out of pocket a certain amount of money before they can even see the

00:08:14.540 doctor. These are people who are already paying into Medicaid with their tax money. I just don't

00:08:19.040 know why we do that. So listen, my view is this. Work requirements, absolutely. We ought to have tough

00:08:24.240 work requirements of Medicaid. Anti-fraud provisions, you bet. Let's do all of that. But benefit cuts,

00:08:30.500 cuts to rural hospitals, absolutely not. These work requirements also, correct me if I'm wrong,

00:08:37.940 they don't kick in until President Trump's starting his fourth term. Is it 2029 actually

00:08:44.540 what the House is coming up with? Yeah, that's something I don't understand, to be honest with

00:08:48.880 you. The work requirements don't kick in for years and years. I mean, if you want to save money and you

00:08:53.100 want to do right by this program, absolutely impose work requirements. If you're able-bodied,

00:08:58.520 you ought to be working. The problem is, in states like mine and some of the other states,

00:09:03.280 we got a whole bunch of people who are able-bodied. They are working, Steve, and they cannot afford

00:09:08.100 health insurance. And so they're on Medicaid. Listen, people don't like being on Medicaid. You

00:09:12.760 know that. I know that. They don't want their kids to be on it. They're on it because they don't have a 0.95

00:09:16.500 choice. So my view is, absolutely, let's say to people, you need to work. Absolutely, let's impose

00:09:21.680 tough anti-fraud requirements. Let's go in there and cut out the waste and the abuse. There's lots of that.

00:09:27.600 But at the end of the day, if you are a working person and you're on Medicaid because you have to

00:09:32.180 be, we need to give you a hand up. We need to protect you. We ought to be giving you a tax cut

00:09:36.860 and helping to get a better job and better health insurance. We shouldn't be cutting those things out

00:09:40.160 from underneath you. No, there's no, these are our people and nobody in MAGA wants to do this,

00:09:47.160 to be on Medicaid. But the jobs that you can have, health insurance, are all gone. They shipped them

00:09:52.680 overseas. Are you going to, the president thinks very highly of you. I know he's obviously in the

00:09:58.300 Middle East trying to bring world peace. When he returns, are you going to try to get on his 0.78

00:10:02.500 schedule? Because I'm not so sure that he understands the details right now of what's

00:10:07.240 happening in the House and even what they're talking about in the Senate and these corporatists.

00:10:10.380 As you know, he's anti-corporatist in this regard. He always wants to defend his people.

00:10:16.000 Are you going to try to get on the schedule and sit down with him one-on-one and walk through

00:10:19.440 these pieces you've been putting up in the Times and other places to go through the defense of the

00:10:24.620 working class to follow along what he's been saying? Yeah, absolutely. And I regard this as 0.97

00:10:29.820 I'm just echoing what he's saying. He and I've talked about this already multiple times, Steve,

00:10:33.880 one-on-one, and he has told me multiple times he is absolutely opposed to Medicaid benefit cuts,

00:10:38.580 that there will be no Medicaid benefit cuts. Nobody understands this better than him. He's gotten

00:10:42.420 elected on it multiple times. So I know he'll be strong on this issue. I just keep saying to my

00:10:47.420 congressional colleagues, come on, follow the president on this. Follow the guy who won the

00:10:51.320 popular vote. Okay? Follow the guy who won the elections. He went out there. He is building a

00:10:57.020 working class coalition. We've got to deliver for them. We don't want to go back to the days of 1.00

00:11:01.320 Romney Ryan. How did that work out for the country? How did that work out for Republicans? Terrible for

00:11:06.000 everybody. We don't, those days are over. We're not going back to that. We are a working class party.

00:11:10.400 We've got to protect working class people. I know you've got to bounce, Senator. Where do people go for 1.00

00:11:15.100 your social media and your website? Holly Moe. You can find me on X. You can find me on Instagram,

00:11:21.200 all the social media, and I always love to hear from folks. Thank you, Senator. Appreciate you.

00:11:27.200 Hey, thank you. The fight over the big, beautiful bill is going to be, we've got Dave Bratt up.

00:11:33.060 Bratt, let me bring you in here for a minute. Your thoughts right there. You're down in rural

00:11:38.280 Virginia and I would say God's country, but you're also a fire-breathing member of the House Freedom

00:11:45.080 Caucus. How are we going to balance this? Because Holly's 100% right. The Medicaid thing is out of

00:11:51.420 control in certain areas, there's no doubt. Yeah. What I'm seeing even in the Medicaid,

00:11:56.080 like the work requirements, you have to have the work requirements. They got to be tough work

00:11:59.840 requirements, but I hear that they're not even going to kick in for four years. So what's going on?

00:12:04.980 What do you think that, what would the House Freedom Caucus counter to Senator Hawley be?

00:12:14.440 I have no idea. I heard your interview with Senator Johnson yesterday too. Their response would be,

00:12:21.960 we don't have time to do the work, right? Just like on Obamacare way back when, somebody's got to

00:12:27.860 roll up their sleeves at some point. You just listed off all the relevant pieces. Even the work

00:12:32.100 requirements that are required are not austere, right? And they allow substitutes of education

00:12:38.360 time and this time in there, whatever. And those are the signs of a rich country, right? So

00:12:43.560 the House would say, we need to find some cuts and we're going to go here. But they're not touching,

00:12:50.700 as you just said, and as EJ just said, all the Green New Deal stuff, all the itemized deductions.

00:12:58.560 We've added a trillion dollars on that. Then you got the salt piece going to the rich folks who have

00:13:05.020 mismanaged states. And so it's just, they don't have the courage and the political will to cut what

00:13:11.200 they need to cut. And we ought to be back to the $5 trillion range. Yeah. You're going to be with me

00:13:18.040 this morning. We're going to go into this. You've got your charts. Great. So Supreme Court, historic day,

00:13:23.300 arguing about birthright citizenship. Mike Davis is going to be here to explain. I'm going to try to get

00:13:27.440 Josh Hammer on tonight to go through this. Terry Schilling's head's blown up on the big,

00:13:33.240 beautiful bill. He says he's got all the money in there for the sex change. You can't believe this

00:13:37.920 stuff. We've got, Ed Luce is going to be on here in the new book about the National Security Advisor.

00:13:44.160 This is big Brzezinski. That'll be later in the show. We're going to go through President Trump's

00:13:48.920 triumphant tour of the Middle East continues. He's now in the United Arab Emirates with MBZ. I

00:13:57.040 think the central player in the Middle East and what a day the president's already had.

00:14:03.840 More than ever, I think we're going to go through a little turbulence. We've got a clip when Brad

00:14:08.700 comes back. I think some of the comments that we're going to go into Great Depression because

00:14:12.540 of Trump's trade deals, right? Then we're going to go through some turbulence. There's varying

00:14:17.520 different opinions about how this is all going to work out. The best thing for you to do is

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00:14:36.220 on the last couple of years? The dollar. This is why one of the reasons that gold has had been on such

00:14:41.920 a run, right? I think over the last 25 years, Brad has been, it's had a high return, the S&P 500,

00:14:47.680 which is not what gold's supposed to do. Birchgold.com slash bandit. The end of the dollar

00:14:53.300 empire. It's all free. It gets you up to speed on what's going on. Short break. Back in a moment.

00:14:59.960 This July, there is a global summit of BRICS nations in Rio de Janeiro. The block of emerging

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00:16:27.580 Tariff slump continues to rattle markets. We've seen dives and volatility rivaling the last two big

00:16:33.080 crashes over COVID and the housing bubble. Trump now clashing with the Fed chair who gave him low

00:16:38.480 grades for the tariff problems that Trump caused. And now there's a more stark comparison to America's

00:16:45.500 Great Depression itself. The long lines, the run on the banks, that crash upended the economy and our

00:16:52.660 society for years, driven by several factors, including failed tariffs. Now, if that comparison,

00:16:59.400 if these visuals tonight seem almost too extreme to compare to the risks posed by the current market

00:17:06.860 chaos, if the comparison of the food lines seems almost unfair to this administration, that comparison

00:17:15.320 is based on monthly market data. This isn't like politics where words or comparisons are just sort of

00:17:23.320 thrown about. Okay. Denver. Yeah, that's right. When I speak, it's like the voice of right there,

00:17:31.120 Ari Melber, but that's nonstop on MSNBC. They're selling the Great Depression. I know it's great 0.98

00:17:37.240 that we do the clips. We watch it so you don't have to. Dave Bratt. There's others that are economists

00:17:44.780 on there saying it's a Great Depression. And look, we don't take the equity markets and all this as the

00:17:50.380 as the end, all you guys know, but from the supposedly the April, mid-April, when they were

00:17:56.480 screaming, this is the worst since the Great Depression markets back at four, the Dow's back

00:18:01.520 at 42,000, a 10 year and a 10 year worry ought to be worried. And this is not about the tariffs.

00:18:08.140 This is about the spending is almost 4.5 is 4.48. That's going to get people's attention and goals

00:18:17.180 at 3,200 and been bouncing around. Bratt, walk me through. You've got your charts. Walk me through

00:18:23.640 your analysis. People should know Bratt and I spend a lot of time as I do with all the contributors

00:18:28.800 and other people between shows and afterwards. Bratt, you were a little rattled yesterday by Ron

00:18:35.420 Johnson because Ron Johnson's an entrepreneur. He's not a lawyer. He came in for a reason. He's very focused

00:18:41.260 on the business model of the United States. He's been very focused on debt and deficits. He's very

00:18:45.060 focused on all this. Talk to me about you getting rattled by Ron Johnson saying, hey, we're adding

00:18:52.980 $20 trillion on this path. We're going to add $20 trillion. We're going to be at $60 trillion

00:18:58.380 before you know it. And then that's the end of the country, sir.

00:19:03.580 You know, I get rattled when I hear men of character and he seems to have a religious sensibility 0.98

00:19:10.140 to him. He's a man's man. And when you see a serious person of character like that

00:19:15.800 get animated, you could tell. He's a truth teller and he's maintained his sanity in Wisconsin.

00:19:24.900 But he just went through the litany of the hard work we have to do, right? The Inflation Reduction

00:19:32.620 Act, we can't even get rid of Biden's policies. According to Cato, that thing hits $5 trillion

00:19:38.860 by 2050. And I could go through the whole rest, but he is an entrepreneur. He's a business guy. He

00:19:45.420 just says, you just go through the budget line by line by line. And we have another hero, Russ Vogt,

00:19:51.660 who did precisely that. And he came up with over a trillion dollars in cuts by going line by line by

00:19:57.640 line. And I think EJ or someone else said yesterday, these are things that if you cut,

00:20:02.520 you wouldn't even know they're gone. And a lot of them hurt the American economy and hurt the

00:20:07.420 middle class worker. And so hats off. Hawley's great. Senator Ron Johnson's great. We need more of

00:20:14.620 them. We need more of them. And if the folks don't follow these type of leaders, then turf them out,

00:20:20.300 turf them out coming up and replace them with some better fiscally responsible people who follow

00:20:25.800 the Republican creed of all things. So tell me your overall sense right now, because I'm getting

00:20:32.280 very worried. Terry Schilling is going to be in here in a little while about about like the sex

00:20:39.480 change operation. It turns out they're all in this bill. The more I find out about it, the Republicans

00:20:43.820 are having just a lack of courage of going in like these like on Medicaid. We are adamant you can't cut

00:20:51.040 Medicaid for these working class people that have had their jobs shipped out and working class people

00:20:57.600 have a lot of pride. They don't want to be on Medicaid. They have to. However, Medicaid is rife

00:21:02.020 with fraud. It's rife with with incompetence. It's rife with all these bizarre rules. And you hear that

00:21:09.600 even where we're arguing about it, the work requirements would have to be stringent, have to be

00:21:13.920 tough, you know, particularly for the able bodied. And now we're hearing that they're not even going to be

00:21:20.100 implemented until 2029. That kind of stuff is absurd. And people get upset when they hear it

00:21:24.440 because they said, hey, I thought we were going to handle this appropriately. There's a great piece

00:21:29.260 up, I think, in the Federalist I've got I've just put up on my getter about, you know, putting it back

00:21:35.040 to the states actually likes to be managed better. But you got to make sure you're just not going to

00:21:38.900 bury the states and something they can't can't afford. Why is it seems so much of this bill has got

00:21:44.880 so much of the crap in there? They're not even going to codify, you know, Russ vote. Let's be

00:21:50.480 blunt. We haven't seen the rescissions. This is nine billion dollars of rescissions, folks. It's

00:21:56.880 nothing. This is two billion for PBS and NPR. And I think another seven billion of some of the stuff

00:22:02.720 Doge found. They won't even put the rescissions. Why wouldn't they put it? They say there's no

00:22:07.960 appetite for the Republicans to pass it. This is insanity. Nine billion dollars is a drop in a bucket.

00:22:14.560 But it's symbolically meaningful. We were promised impoundments or rescissions. And they want to go

00:22:20.080 the rescissions route because Graham and these guys in Congress say, no, no, no, no, no, no, no.

00:22:24.480 We need the executive branch to play ball with us. Let's do the rescissions where we're part of it. 0.63

00:22:29.000 We can do those majority vote that won't get hung up with the 60 vote filibuster limit. Don't do the

00:22:35.540 impoundments. Please don't go there. Don't let's test it in the court. And now, you know, the reason

00:22:39.920 Russ and these guys haven't put it forward, they got the package ready, haven't put it forward because

00:22:44.200 they can't pass it with a Republican majority in both houses. Dave Brat.

00:22:50.320 Yeah, well, that's exactly right. And it's exactly also why when we talk to politics,

00:22:55.240 the most important thing is missing, and that's communicating with the American people

00:22:59.580 and running on a contract that the American people love, like Trump did.

00:23:04.880 This bill they put together, they've just been relying. Everybody knows the trick that's up here,

00:23:09.960 right? This big, beautiful bill. The reason the House and the Senate won it was because it had

00:23:13.880 the imprimatur of President Trump coming in in the end and saying, look, we got to vote for this. So

00:23:19.060 they wanted to put so much pressure, just jam all the pork into this one giant big bill, run it,

00:23:25.360 run the clock out so you can't explain it. Dave Walsh did a great job yesterday on the politics of it,

00:23:31.300 right? The six senators on the green pork, Republicans, two of them in North Dakota,

00:23:37.980 et cetera. And that's, we don't have enough time to call everyone out. They're donors,

00:23:43.320 right? They're getting money. The nomenclature, when I was back in, I made reference to the giant

00:23:48.860 Excel spreadsheet in the sky. And that metaphor fits, right? We were trying to cut $40 billion we paid

00:23:55.600 to dead people. We couldn't cut that. Why is that? Listen to this next sentence, folks,

00:24:00.760 because here's your answer to the spending problem, because that $40 billion is already up

00:24:05.100 in the swamp. And if you take it out and give it back to the budget process to the American people,

00:24:11.780 it comes away from somebody, right? That's the key. That money goes away from a prospective donor or

00:24:18.700 someone who you've already made promises to. And that's all that's going on right here, right? And

00:24:23.940 from the defense down to the green, you're just seeing just politics, money and power

00:24:32.200 comes down to the same things every time.

00:24:37.180 Talk to me. Give me, you've got some charts to go through. Let's go through them.

00:24:42.200 Yeah, well, you brought up, you know, this is the other thing. We're fighting against the mainstream

00:24:45.340 media. And so, you know, keep the ninth commandment in mind. I know morning Joe was a good Baptist,

00:24:51.200 went to Sunday school, but Joe, maybe you can tell us the ninth. It's do not lie. Don't bear

00:24:55.740 false witness. More on that in a minute. The media has been doing this. Yes, they've been lying. It's

00:25:01.560 just straight up lying. If we would just tell the truth, it would go a long way. So let me just get

00:25:07.260 here. Here's the lies. If you want to put up the first chart, they're making reference to the

00:25:12.020 stock market. S&P 500 falling like the Great Depression. Here's the Great Depression for you, 0.52

00:25:19.060 right? That's what a stock market looks like. Down by 1932. You see it starting at the peak in

00:25:26.720 1929. Down to less than one-fifth of the 1929 peak, an 80% loss. One-fifth down at the bottom

00:25:37.360 of the Great Depression. That's a Great Depression. There's your stock market. Now they're going to

00:25:42.620 compare it to today's stock market. Next chart, Denver, to the Trump tariff thing. Here's the,

00:25:49.140 on the far left, there's 1929 with a real plunge, right? That's what a depression looks like. The

00:25:54.560 blue line going straight down the far left. To the far, far right, you'll see the graph going

00:26:00.840 down just a smidgen. That's the Trump tariff thing, and the markets have already made up the ground.

00:26:07.480 And again, as you said, Steve, we're not hanging our hat on the market. The market goes up and down,

00:26:12.860 and Trump's accomplishing some things with a real economy that might cause a little turbulence in

00:26:18.140 the short run. But the next chart shows it even more clear. This is the same thing. This is the

00:26:22.660 S&P 500 on the far left. There's your Great Depression. That's what a depression looks like.

00:26:27.320 This is what the mainstream media, Ari Melbourne was there, and the whole host of them, all the leftists,

00:26:32.540 the Bloombergs, the CNNs, we're all making this point. To the far right, go to the far, far right,

00:26:38.780 you'll see the COVID red spike going way down. That's the market tanking. To the far, far, far

00:26:45.100 right, the effect of the Trump tariffs, you can't see because it's so small, it doesn't even show up

00:26:49.800 on the chart. You can go out to Market Watch. We've hit some air pockets, definitely. We've

00:27:03.700 hit some air pockets. In 2008, you had the pandemic. You've hit some air pockets, not equivalent to

00:27:09.040 obviously the Great Depression, but you've hit some air pockets. That's going to happen. That's

00:27:14.580 what markets are for, to correct. But this thing was a blip. It was a blip. And remember,

00:27:21.520 for an entire week, Stephanie Rule, every night, you know, she's sucking on the stem of the glasses, 1.00

00:27:28.560 and you've got all the big thinkers around her, and it's worse than the Great Depression. It's

00:27:33.580 1930, since April of 1932, have you seen this? And they're smart. They're lying. They're smart.

00:27:40.340 Yeah. Good. Dave, Brad, we're going to book you on Stephanie Rule. The first thing you're

00:27:45.780 going to say is the Ninth Commandment, that thou shall not bear false witness.

00:27:50.260 No. Correct. Correct.

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00:28:26.840 What if he had the brightest mind in the war room delivering critical financial research every

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00:29:40.200 Here's your host, Stephen K. Bannon.

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00:30:48.740 I want to talk. I got Brat. Brat, I need you to hear this, right? So I got Schilling, and Schilling's

00:30:55.260 hair's on fire all night going through this bill, and this is the kind of thing, the games have got to

00:31:00.520 stop here. Talk to me about the sex change. The sex change operations, this is a foundational element

00:31:07.440 of why Trump won culturally, right? That nobody, particularly working class black men and Hispanic 0.98

00:31:16.480 men, didn't know this stuff was going on about their kids, or they knew it about being dictated

00:31:20.580 to, but it could change, and President Trump's changing it by getting the woke and weaponized

00:31:24.120 out. However, there's still this whole thing about sex changes. I thought this was verboten.

00:31:30.280 This was done. I don't even know why we're having this conversation. Schilling, tell me what's

00:31:34.780 in the big, beautiful bill. So we've got a partial win here. We've got a partial win, which we need

00:31:41.040 full wins. The partial win here is that Congress has cut federal funding for sex change procedures

00:31:48.040 for minors, right? So they're limiting it at 18 and younger. They're not going to get a funded sex 0.82

00:31:53.940 change procedure. The thing is, it's unpopular to fund any sex change procedure. We need the defund to

00:32:00.520 apply to everyone. No one should be having their sex change procedure paid for by you,

00:32:06.900 me, or my grandma, or my mom, or anyone. Everyone, if you want to get a sex change, first of all,

00:32:12.400 you shouldn't be able to get one if you're a kid. Every American is against that. That's a 90-10 issue.

00:32:16.860 But when it comes to the taxpayer funding of it, no American wants a single penny to go towards

00:32:23.340 these procedures. Full stop, because I can tell the audience's heads are blowing up already.

00:32:29.240 Are you telling me that there's even the concept that taxpayer dollars are going to go to continue

00:32:39.140 to fund these sex change operations for folks that have issues? Are you telling me that right now,

00:32:48.560 and voted out of putting forward in this bill by Republicans or funding of sex change operations

00:32:55.840 for anything but kids? The prohibition on taxpayer funding for sex changes only applies to those 18

00:33:04.280 and younger. It needs to apply to everyone for so many reasons, right? This, Steve, the ad that they,

00:33:11.020 them ad that attacked Kamala for funding sex change procedures for federal inmates, that ad was seen

00:33:16.160 more times by more people and was the most remembered ad in all of the Democrats after

00:33:21.520 action focus groups. This is a powerful issue. Americans are taxed enough. We have $37 trillion

00:33:28.160 in debt. We have to balance this budget. And you can't tell me you're serious about balancing the

00:33:33.200 budget if you won't even stop paying for adults and oftentimes mentally ill adults to sterilize them 0.97

00:33:40.520 and mutilate them. This is absolutely, first of all, just from a fiscal sanity standpoint,

00:33:45.240 we shouldn't be paying for this. But from a morality standpoint, we shouldn't be harming people by

00:33:50.640 sterilizing and mutilating them with our tax dollars. It makes us all culpable. This is an absolute mess.

00:33:56.520 But we, what I said earlier is right. We have a partial win right now, but we need a full win. We have

00:34:01.900 $37 trillion in debt. We have Congress, both houses. Why are we giving the Democrats any,

00:34:07.900 any support, any leeway? No one wants these things funded with our tax dollars. They, they did,

00:34:13.520 I will tell you, full disclosure, they differentiate on the prohibition of this. They

00:34:18.060 only want to ban these sex change procedures for minors. Americans think, you know, if you're an adult

00:34:22.220 and you want to do this stuff, fine. But when it comes to who's paying for it, we don't want to pay for

00:34:27.080 it. No one does. What, what Republican though, in these committees, what's the justification

00:34:33.680 for doing something that Democrats, because these are all Democrat constituents. What's,

00:34:38.560 what's the, what's the logic? Why are we caving on this? They're, they're not giving any logic.

00:34:44.060 It's all silence. It's all rumors. It's, um, uh, who is it? It's Brian Fitzpatrick. The guys that

00:34:49.580 are rumored right now are Brian Fitzpatrick. Um, and, uh, oh my gosh, I'm blanking. Mike Lawler from

00:34:55.140 New York. Those are the two guys that are giving the most grief in the caucus meetings. Uh, we don't

00:35:00.260 know. They're not, here's the thing though, Steve, that they're not talking about by limiting it to

00:35:04.140 minors. They're actually opening up the entire prohibition of taxpayer funding to get struck

00:35:09.320 down by the parliamentarian parliamentarian can actually say, this is too much policy. So I'm

00:35:14.720 going to get nerdy on you. And it's good thing Dave Brad's on. Yeah. So it has to be germane to the

00:35:20.380 fiscal nature of the bill. This is a reconciliation bill. It's a funding bill.

00:35:23.780 So if you only ban it for children, the parliamentarian can actually say,

00:35:28.240 actually, this has to get struck out because you're making a policy decision.

00:35:32.020 You have to strike it out and say that the federal government can't afford this for anyone.

00:35:35.340 Because if you say you can afford it for adults, why can't you afford it for minors?

00:35:39.300 That's a morality. That's a, that's a, that's a policy decision.

00:35:42.400 We've got to strike it for everyone to save money and to save people.

00:35:45.780 These people are mentally ill. They need real help. They need to sit down with a counselor

00:35:49.600 and accept their bodies and get rid of this self-hatred that they're suffering from.

00:35:53.520 It's, I'm sorry. This is terrible.

00:35:55.500 No, no, no. It's, this is a huge, um, where do people go to get you over at American principles?

00:36:01.620 What you guys are working on your social media? How do they get in? I don't want people go to the

00:36:04.960 ramparts yet. I want to get all the information and then we're going to do a formal, you know,

00:36:09.380 you got to get rid of this, but where do they go to get more information on this? Cause I can tell

00:36:12.600 the audience's heads are already blowing up, sir. Uh, go to, just follow me on Twitter. I'll be

00:36:18.600 posting updates all day. It's shilling 1776 across all major platforms, but just go to X cause that's

00:36:24.280 where I'm going to be posting most of the things. But this is more than just going after Lawler

00:36:28.740 and, uh, was it Fitzpatrick? You've really got to get to the committee, right? Eventually to get

00:36:33.580 this out, you got to get to the committee. Am I, do I take that correctly? Yeah, no, that's right.

00:36:38.400 We've got to get, but those are the, there's like 10 members. We, we've been directing our

00:36:42.820 activists to light their phones up. Uh, so if you sign up and get engaged, go, Oh, actually,

00:36:47.320 you don't go to American principles, project.org sign up. We'll get you directed to the right

00:36:51.720 people to call. We have 10 members that we're targeting, uh, to get this over the finish line,

00:36:55.700 but, um, yeah, 10 members. Um, if you, if you get this, I tell you what, after you get off,

00:37:01.360 get that to grace. Also we'll get the bill blast a crew up on top of this to the war posse. So,

00:37:06.240 okay, great, great work. We'll get to stay. This is the kind of thing Trump doesn't know about.

00:37:10.720 If you told Trump this right now, you go, are you crazy? What are you doing? It's right.

00:37:15.000 Steve, it's what he won the last election on. He won the last election on this. This is what put

00:37:19.440 him over the finish line. What are we doing here? It's terrible. It's terrible. Terry Schilling,

00:37:24.240 you're the best. Thanks, Steve. Brat, your thoughts. How does this happen, brother?

00:37:29.940 Yeah, it's just an abomination. I mean, try running this by the Muslims or the Hindus or 1.00

00:37:37.920 the Confucians. Uh, you get laughed out of the room. It's just a straight up attack on the Judeo 0.99

00:37:43.860 Christian West. Uh, it's just the slow decay. Uh, it's a lack of strength and courage, just like

00:37:50.540 in the budget process. Uh, the decay of the U S is, is mainly from moral weakness. And this is the

00:37:58.140 clearest sign, right? This is a 90, 10 issue. I think Terry Schilling said that in the past,

00:38:02.380 it's a 90, 10 issue and we're getting rolled. And, and so it's, it's just gotta stop. You know,

00:38:08.780 we just need a Senate and a house full of Americans who love this country because

00:38:13.880 this is not compatible. It's, it's, it's like you've been saying, right? I, a lot of poor people

00:38:18.800 can't get, uh, procedures for healthcare. They got dying kids and we're paying for this. I mean,

00:38:24.520 that that's the proper moral juxtaposition. What there's only one reason we're doing this

00:38:29.660 and it's because the left is trying to tear down our culture. That's what's going on.

00:38:33.580 But, but in, in the big, because it's a big, beautiful bill, let's be honest as an omnibus,

00:38:37.960 what, what needs to happen is they need to be going through this, like a Sith through grass to get out

00:38:45.280 all of this broken weaponized to get all they, we need to get every single penny. That's absolutely not

00:38:52.600 necessary for either the United States or America or American citizens. It's got to come out now.

00:38:59.320 We, we've got to get, we've got to get on the glide slope from the six and a half percent,

00:39:03.600 uh, deficit to GDP to three and a half percent. We're not doing that. The only way that it's

00:39:08.080 going to happen right now in this thing is gimmicks. We got to get rid of the gimmicks and

00:39:12.160 to know that this is in there. And then when you know, this is in there, the bill's going to be

00:39:16.220 9,000 pages long. You just realize how, how are we supposed to go through all 9,000 pages?

00:39:20.660 And that we have people doing that, but you sit there and go, Hey, we got you guys in here

00:39:26.200 and now we have to police you that you, that you didn't just zero out this funding or something

00:39:32.340 that's so outrageous. Cause there's going to be a lot of other stuff in there that's less

00:39:37.040 outrageous, but has to go anyway. The mindset, and this is what Johnson as the entrepreneur

00:39:42.280 and Holly, I can tell you up here, people, uh, are shocked about the lack of urgency of this

00:39:49.940 problem that the people that should be the leadership are just sitting here and thinking,

00:39:54.760 Oh, it's in the 10 year bond market. Tell us 4.48. They're going to have a say, so in this,

00:39:59.300 the global bond market is going to have a say, so because right now, remember your entire life,

00:40:05.100 your car loan, your, uh, mortgage, right? Your credit cards, everything's predicated as you've

00:40:12.560 learned here in the worm off the 10 year treasury. And guess what? It's going up. It's not because of

00:40:18.140 Trump's trade and tariff. That is not why it's happening. It's going up because the market sense

00:40:24.260 there's not discipline of the political class here on Capitol Hill to address these issues day, Brett.

00:40:30.040 Yeah. Well, uh, if you want me to hit the last couple charts real quick, it ties exactly into

00:40:37.540 the bond market. Yeah. Yeah. Go next chart, uh, Denver, while they're pulling it up, I might just

00:40:42.300 add to the, uh, lying part, Ananias and Sapphira in the new Testament, Acts five killed for lying.

00:40:48.640 Elisha crushes, Jeremiah condemns, uh, Jesus Christ says, uh, hell for those who do continued

00:40:55.160 unrepentant lying. And so when it comes to continued unrepentant lying, here's more of it.

00:41:01.380 This is back from 14, 2014, uh, there was a taper, the federal reserve taper threatening to just slow

00:41:08.420 down the creation and printing of money just a teeny bit. And just on the announcement effect,

00:41:13.600 uh, the stock market goes down as on that, on that graph on the red, uh, the black one,

00:41:20.040 the super dive is the great depression. And back in 14, they said the same thing.

00:41:24.040 This is just like the great depression, except it wasn't next chart. Here's another chart that

00:41:28.840 aligns that, uh, accurately, this is the same as the last graph. It's just how statistics can lie.

00:41:33.960 The red line is a great depression. The 2014 taper tantrum, uh, is below it. It goes down a little

00:41:40.840 bit, uh, and then it recovered, uh, just kind of like with the, uh, Trump tariff, uh, graph. Uh,

00:41:46.380 and, uh, that that's the story, right? The lying just never, ever ends it. It, it, it, uh,

00:41:53.140 and, and this brings us back to the 0708, uh, federal reserve story where all, uh, they started

00:42:00.560 printing, adding $3 trillion, uh, to their, uh, balance sheet. Uh, and then we got addicted,

00:42:07.460 uh, to the low interest rate, zero interest rates for a decade. Uh, and then wall street got addicted

00:42:13.320 and we pumped up and formed another bubble, the stock market bubble again. Uh, and that we're trying

00:42:19.780 to break free from that. And the only way to do that is with the improvements in the real economy

00:42:24.940 that Trump's bringing, uh, to capital investment, not the stock market, real, not financial capital,

00:42:31.200 real working capital in the hands of the American worker that lifts their wages. And so the lying,

00:42:36.880 uh, in the mainstream media, uh, has to stop. Uh, we need to get the, this show is the best news

00:42:43.140 show and everyone needs to spread it. Uh, but that it's serious matters, uh, that the press just

00:42:48.600 gets away with murder on these stories. It's just like the great depression. It is nothing of the

00:42:53.120 sort. Uh, and we've got to stop it on the war room. Um, they're not going to stop lying because

00:43:00.540 they've got an agenda. You know, they've got an agenda. The, the, what we have to do is continue

00:43:04.600 to pound them with the truth, the counter, you know, the counter counterfactual, which is what

00:43:09.300 you come up with the charts and the analysis we do. The one thing we know is that we need,

00:43:14.600 uh, supply side tax cuts and the supply side tax cuts to be made permanent. We need tax cuts for

00:43:20.940 the middle class and the working class, and we need those to be made permanent. We also need no 1.00

00:43:27.120 tax on tips, no tax on, um, overtime and no tax on social security. I don't see the social security.

00:43:32.700 I see a workaround. I just don't see the no tax on it. Short break.

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00:45:06.680 Here's your host, Stephen K. Bannon.

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00:47:06.940 extraordinary company. Check it out today. Dave Brett, the floor is yours. I know you got more

00:47:11.320 charts you want to go through. They're quite important in your journey as a truth teller,

00:47:15.700 sir. Yes, yes. I do my best. I'm flawed as well. But there are brothers over there at the

00:47:24.000 Catholic Wall Street Journal who are in company with the charts I just put up prior are having a

00:47:30.800 problem with the truth, too. The Catholics are familiar with the sins of commission, but also the 0.59

00:47:36.920 sins of omission, as you'll see on the chart right here. The only time the Wall Street Journal

00:47:42.460 seems to have any attention paid to or analysis on spending is when they're trying to hit President

00:47:49.160 Trump or Elon Musk. So here they have an article called See How Government Spending Is Up Even As

00:47:55.240 Musk Touts Savings. They have not trained their eyes or given any recommendations of the $7 trillion

00:48:02.540 that can be cut in their paper over the past year that I've seen. But this does. They have provided

00:48:10.500 the receipts on one thing. The spending is up more this year than it was last year. This is, of course,

00:48:16.520 incumbent on Congress. Congress is responsible for the budget process. And so, you know, light them up.

00:48:23.840 Light them up. The Congress is not doing their job. The total spending is way up. And it's an

00:48:29.980 embarrassment. And as Steve has said, there are going to be grave economic consequences. Not only

00:48:35.380 the bond market, but also the real economy. All this $7 trillion is siphoned away from the real

00:48:41.620 economy, right? That used to be econ 101 macro, right? Just the tradeoffs. If you get more government

00:48:47.880 spending sucks the energy out of capital investment, out of the economy, and you get anemic economic

00:48:53.980 growth. And that's why CBO says we're going to have growth at 2% for the next 30 years. So the left

00:49:00.980 can spin and dance and talk about the stock market, the Great Depression, all they want. They can't

00:49:05.380 answer. Wall Street Journal, where's your analysis? Why is the economy going to grow at 2% for the next

00:49:11.120 30 years? Dear Wall Street Journal, you're much smarter than me. So, I mean, I'm dying to hear these

00:49:16.300 answers. All right, let's hit immigration for a little bit. Compliments of Rosemary Jenks at

00:49:22.520 Immigration Accountability Project. Please support them. Immigration Accountability Project. Go out

00:49:30.260 and this is the only group in the country that is taking it to the Congress, right? Instead of

00:49:38.280 listening to their donors, they're trying to put pressure on the Congress to get things right

00:49:44.100 with immigration. What's wrong with immigration? Denver, if you want to put up the next chart,

00:49:49.220 these are H-1B visa numbers for FY 2026, and they're still way too high, way too big. And so

00:49:57.280 what's going wrong here? Congress sets the caps for H-1B visas. So this is Congress's fault. So their

00:50:04.400 issuance is essentially on autopilot. U.S. CIS Customs Immigration is required to comply with this

00:50:13.660 law. So Congress has to change this law. Okay, we're going to get Rosemary Jenks to deal with 0.98

00:50:19.520 something else today. We're going to get back to this. In a time where they're having mass layoffs

00:50:24.620 in tech, coupled with AI coming in and going to take off all the entry-level jobs, AI is going to

00:50:33.420 eviscerate the entry-level of the STEM and learn to code. They've approved 135,000 H-1Bs. Well,

00:50:43.800 guess what? This is not going to happen. We're going to light up every member in this that supports

00:50:50.180 this. This is outrageous. Here's how many H-1B visas we need this year. Zero. In fact,

00:50:58.400 if you look at that chart, everyone that's been issued has to be unissued. Everybody's got to go

00:51:03.960 home, and every one of those billets has to be replaced by an American citizen. They cannot show 0.99

00:51:11.460 you one example of a billet that someone's in that billet has better education or better experience

00:51:19.880 than an American for that billet. The reason they're doing this is they're paying these people 50% less.

00:51:27.560 And they're working them 20 hours a day, seven days a week as indentured servants,

00:51:32.120 which essentially they are. This is an outrage. This is how Congress and big tech is out to screw

00:51:40.400 the American worker and these kids that work forever to get through school, get through college,

00:51:46.520 high school, just focused on computer science, electrical engineering, these type of engineering,

00:51:52.260 and then you can't get a job because the industry is going through a downturn and artificial intelligence

00:51:58.020 is kind of thing. Dave, Brad, where do people go to get you, sir?

00:52:02.520 Yeah. And at a minimum, anyone that's hiring in the tech field should be barred from anyone that's

00:52:09.820 laying off tech workers should not have any access to H-1B. Dave, Brad on X. I want to thank also

00:52:16.380 Heather Cross, and she's having me out to Indianapolis for the Indy 500 at the First

00:52:20.900 Principles Forum. FirstPrinciplesForum.org. If you want to come out to Indianapolis and hear me

00:52:25.860 at the Lucas Estate, quite a beautiful place, come join us.

00:52:31.240 Okay. The engine room is telling me that Dave Brad should be over at the comms department and the

00:52:36.760 treasury department. What do you say, war room posse? Would we give up Brad for that? I think we would.

00:52:42.560 We wouldn't give him up easy, but I think we would. Liberty, I think he would serve his nation.

00:52:47.340 Dave Brad, we love you, brother. Don't ever change.

00:52:49.620 Yeah, love you back. Thanks, you guys.

00:52:51.560 Short commercial break. We're going to talk about President Trump's trip and go back to the 1970s

00:52:59.060 and tie it all together next in the war room.

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Bannon's War Room - May 15, 2025

Episode 4487： Americans Continue To Not Be Able Afford Prescription Drugs

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