Bannon's War Room - July 01, 2025


Episode 4599： Exposing The Corruption In The OBBB


Episode Stats


Length

55 minutes

Words per minute

165.74327

Word count

9,194

Sentence count

783

Harmful content

Misogyny

11

sentences flagged

Hate speech

14

sentences flagged


Summary

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

In this episode, Steve and Peter discuss the latest in the ongoing saga between the DOJ and the DOJ regarding J.P. subpoenaing Hillary Clinton and John Brennan. They also talk about the latest on Elon Musk and how he s losing his EV mandate.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 What happened to Elon Musk?
00:00:04.140 Nothing.
00:00:04.820 No, he's upset that he's losing his EV mandate.
00:00:09.360 And he's very upset about things.
00:00:11.640 But, you know, he could lose a lot more than that.
00:00:14.020 I can tell you right now.
00:00:16.400 Elon can lose a lot more than that.
00:00:21.740 And remember, the show is going to be bigger and better than ever.
00:00:27.700 We got all kind of co-hosts.
00:00:29.640 Nothing's going to change.
00:00:30.800 It's going to be incredible, right?
00:00:32.180 Next man up.
00:00:33.620 Right?
00:00:33.920 Next man up.
00:00:35.600 Next man up.
00:00:37.120 Next man up.
00:00:38.580 Next man up.
00:00:40.460 Next man up.
00:00:42.100 Next man up.
00:00:44.220 It doesn't matter that I'm going to prison.
00:00:47.220 If it took me going to prison to get to the House of Representatives, to reject J6, and 1.00
00:00:55.520 now to actually start an investigation, to start an investigation, it's a victory, right?
00:01:01.260 That is a victory.
00:01:02.140 And that's what we have to do, Steve.
00:01:03.980 We have to move the Republicans and the House of Representatives to act and actually do the
00:01:09.820 job that the people voted for them and sent them to Congress do.
00:01:13.320 People didn't vote for Republicans to go to Congress and do nothing.
00:01:17.540 They voted for Republicans to do their job.
00:01:20.560 And sitting around and saying, oh, we're going to wait.
00:01:22.860 We're just going to wait.
00:01:24.020 That is not good enough.
00:01:25.320 And they're going to hear from people all over the country.
00:01:27.900 This is multiplying the war room posse by 10,000, Steve.
00:01:32.840 Thank you so much.
00:01:33.640 Look, this is a Democrat district.
00:01:34.860 Hopefully 10,000%.
00:01:36.320 Look, folks, if it took me going to prison, because remember, the reason I chose Danbury,
00:01:49.760 I asked for Danbury for a very specific reason.
00:01:52.840 Back in 19, the only other person that's ever been sent to prison for a congressional subpoena,
00:02:01.320 not going to a House subpoena for contempt, held in contempt, was Reg Lardner, Jr., back
00:02:09.820 in the 1940s, during the House Un-American Activity Investigation.
00:02:14.200 Columbia Studio fired him, okay, because of his political beliefs.
00:02:18.660 And then he was found guilty.
00:02:20.200 They sent it to the DOJ.
00:02:22.240 He was sent to prison.
00:02:23.300 He was sent to this prison.
00:02:24.860 That's why I requested Danbury, because there's no difference in his fight than in our fight.
00:02:30.480 I'm a political prisoner of Nancy Pelosi.
00:02:33.600 I'm a political prisoner of Merrick Garland.
00:02:36.140 I'm a political prisoner.
00:02:37.700 I'm a political prisoner of Joe Biden and the corrupt Biden establishment.
00:02:41.920 And you saw on Thursday all the lies that they told, right?
00:02:46.200 All the lies they told.
00:02:48.020 Any group, any group that would sit there and lie to you about the shape of the president of the United States
00:02:54.340 with the national security element of that, lied about the 2020 election.
00:02:58.460 They've lied about COVID.
00:03:00.800 They've lied about everything that they've done to the American people.
00:03:03.620 And they're not going to stop.
00:03:04.920 Until we stop them, they're not going to stop.
00:03:07.580 And the way you stop them is you do things like this.
00:03:09.860 Hey, if they're going to send me to prison, it's not going to matter if we take this fight and take it up the next level, okay?
00:03:15.280 The rest, we've got a lot of hostages back.
00:03:18.080 But we're going to talk about that.
00:03:19.620 I don't know.
00:03:24.980 I think we'll have to take a look.
00:03:26.780 We might have to put Doge on Elon.
00:03:29.540 You know what Doge is?
00:03:31.780 Doge is the monster that might have to go back and eat Elon.
00:03:35.720 Wouldn't that be terrible?
00:03:36.520 He gets a lot of subsidies, Peter.
00:03:40.060 But Elon is very upset that the EV mandate is going to be terminated.
00:03:45.580 And you know what?
00:03:46.240 When you look at it, who wants?
00:03:48.160 Not everybody wants an electric car.
00:03:50.640 I don't want an electric car.
00:03:52.040 I want to have maybe gasoline, maybe electric, maybe a hybrid, maybe someday a hydrogen.
00:03:57.860 If you have a hydrogen car, it has one problem.
00:04:00.820 It blows up, you know?
00:04:01.940 So I'm going to give that one to Peter.
00:04:04.480 I'm going to let Peter set it up.
00:04:06.700 Just released moments ago, the episode titled Steve Bannon's Battle for the Soul of MAGA.
00:04:12.000 In it, Bannon talks to Jeremy about what he says are the three pillars of the Make America Great Again movement.
00:04:18.180 Free trade, immigration, and military intervention.
00:04:21.660 Always outspoken, fair to say.
00:04:23.680 Steve Bannon, particularly now, talking about Elon Musk and some of his frustrations with the president
00:04:29.400 and his relationships with people that Bannon and his allies view as oligarchs.
00:04:34.780 They're sort of the enemy of their movement.
00:04:36.520 Right.
00:04:36.840 I think Bannon calls them the broligarchs.
00:04:38.720 But the question that people like Steve Bannon have been raising about the direction of the MAGA agenda is,
00:04:46.800 who is this for, right?
00:04:49.040 Is it for the Trump voters who put him there?
00:04:52.120 Or is it from Elon Musk, who also kind of put Trump there in bankrolling this large outside political operation?
00:05:00.360 Right now, Trump has spent a lot of time listening to the people who have the money, the access, the influence to get a seat in the Roosevelt Room with him.
00:05:14.720 What I think a lot of people in the populist right are concerned about is just how much Trump is willing to give away to appease interests like Elon Musk,
00:05:30.160 interests like big donors, interests like big agriculture, like big restaurants, hospitality.
00:05:35.680 Because we know they've been lobbying Trump to dial back on some of his provisions that are most important to the MAGA base, like the deportations.
00:05:45.000 The industries got in Trump's ear and tried to convince him to roll back deportations.
00:05:51.660 They got in his ear and they convinced him that it would be a good idea to bomb Iran. 0.96
00:05:56.780 These things all kind of lead to a slippery slope where folks like Bannon are concerned that this starts to look like just another traditional Republican presidency after a while.
00:06:09.700 I mean, if they pass a bill like this that cuts taxes as deeply as it has, as it likely will for the wealthy at the expense of programs that benefit MAGA voters like Medicaid.
00:06:22.060 I mean, Bannon has said MAGA is on Medicaid, right?
00:06:26.280 I mean, the voters are ultimately going to pay a price for a lot of what's in this bill.
00:06:33.760 So it doesn't really, in a lot of ways, fulfill this promise that Trump has made that I am your voice.
00:06:39.840 I am here standing up for you.
00:06:41.780 I do want to thank Senator Cruz for the work and the time that he put in trying to find a resolution to this issue.
00:06:50.660 I do appreciate that.
00:06:52.440 But what we know is this, this body has proven that they cannot legislate on emerging technology.
00:07:02.540 It is frustrating.
00:07:05.380 We have not passed online privacy.
00:07:08.260 We have not passed the No Fakes Act, the Copied Act.
00:07:12.160 There are all of these pieces of legislation dealing with AI that we haven't passed.
00:07:18.540 But you know who has passed it?
00:07:20.820 It is our states.
00:07:23.760 They're the ones that are protecting children in the virtual space.
00:07:27.380 They're the ones that are out here protecting our entertainers' name, image, likeness of broadcasters, podcasters, authors.
00:07:40.060 And it is appropriate that we approach this issue with the seriousness that it deserves.
00:07:49.020 And we have not reached a resolution on this.
00:07:52.720 So, therefore, I ask my colleagues to join me in striking Section 40012.
00:08:02.800 Vote yes.
00:08:04.460 Let's pass this bill.
00:08:07.180 Let's get everybody off to July 4th.
00:08:10.720 Senator Simons expired.
00:08:11.120 Senator Simons expired.
00:08:15.400 This is the primal scream of a dying regime.
00:08:20.280 Pray for our enemies.
00:08:22.220 Because we're going medieval on these people.
00:08:25.500 I got a free shot at all these networks lying about the people.
00:08:29.760 The people have had a belly full of it.
00:08:31.680 I know you don't like hearing that.
00:08:33.100 I know you've tried to do everything in the world to stop that.
00:08:34.860 But you're not going to stop it.
00:08:35.780 It's going to happen.
00:08:37.060 And where do people like that go to share the big lie?
00:08:39.740 I wish in my soul, I wish that any of these people had a conscience.
00:08:47.260 Ask yourself, what is my task and what is my purpose?
00:08:51.000 If that answer is to save my country, this country will be saved.
00:08:57.360 War Room.
00:08:58.220 Here's your host, Stephen K. Bannon.
00:09:07.140 It's Tuesday, 1 July, Year of Allure 2025.
00:09:09.740 We are jammed this morning.
00:09:11.540 We're going to start with the great congressman, Marjorie Taylor Greene.
00:09:15.780 Senator Blackburn yesterday in Tennessee, heroically went to the Senate floor to fight this no compromise on artificial intelligence and the broligarchs. 0.73
00:09:25.920 MTG been fighting this fight for weeks.
00:09:27.740 Actually told the president, who you totally support, that, hey, as much as I love you, as much as I support you, I cannot vote for the big, beautiful bill if it's got this in it.
00:09:36.680 But folks, last night with Mike Davis and the team, incredible, 99 to 1 against.
00:09:42.880 It's stripped out.
00:09:44.000 MTG, it also shows you how the broligarchs have been lying to President Trump. 0.56
00:09:47.820 They told him, I think at 10 o'clock, 11 o'clock last night, we only had three votes.
00:09:51.600 Your thoughts, and by the way, we had to play that clip from one year ago today when MTG was breathing fire outside of Danbury Prison.
00:10:00.840 And you know what, Congressman?
00:10:02.600 You could make that same speech today.
00:10:04.440 You could make that same speech today, ma'am.
00:10:07.580 How are you doing?
00:10:08.180 Good morning, Steve.
00:10:10.400 Yeah, evidently I could give that same speech this morning.
00:10:13.980 It's outrageous that that's the case.
00:10:17.080 And you would have thought that we would have totally turned a corner from that horrific moment in time.
00:10:23.640 And you served four months in prison after that.
00:10:27.320 That was the day that we all surrounded you, prayed for you, and sent you off, sadly, to prison.
00:10:36.000 And you were a political prisoner, and God bless you, Steve.
00:10:39.500 We're so glad that you were freed, and God bless everyone listening to this, that we won the election so that we could defeat the war, the real war that is still being waged.
00:10:52.260 But we won a big victory in November.
00:10:54.180 But the war is not over.
00:10:56.120 I just want to thank Marsha Blackburn, Senator Marsha Blackburn.
00:10:59.320 She did an incredible job. 0.92
00:11:01.160 She has not had any sleep yet.
00:11:03.120 She stayed up all night long fighting to get the AI moratorium out, and I'm really grateful for her fight.
00:11:11.200 I was engaged with her on the phone all day yesterday in the early morning hours of today.
00:11:18.960 On this issue, I had told the White House I couldn't vote for it.
00:11:23.320 I couldn't vote for it.
00:11:24.140 There's no way.
00:11:24.880 Because we get to vote again.
00:11:26.340 Everybody needs to understand that.
00:11:27.560 It comes back to the House, and we get to vote again.
00:11:29.560 And there's no way I can destroy state rights, and there's no way I can let AI have free reign and the potential destruction that it could have for 10 years without states being able to protect themselves and the people that live there and their jobs and their children.
00:11:44.040 And it was too big of an issue to get me to a yes on.
00:11:50.680 And I'm just thrilled.
00:11:52.320 And 99 to 1, that does show you that there's some voices in the president's ear that are not telling him the truth.
00:12:01.400 And you know who they're serving?
00:12:03.300 They're serving these donors, these big, rich donors that have their very special interests in mind that came around during this last election cycle, Steve, because they knew Trump was going to win.
00:12:19.620 Trump won with the people.
00:12:21.360 He didn't need these donors, and he doesn't need them now.
00:12:24.500 And we need to continue to stay focused on this.
00:12:28.180 He doesn't need the neocons are all around him pretending to support him.
00:12:32.780 He doesn't need the neocons.
00:12:34.680 He defeated the neocons.
00:12:36.540 He doesn't need the deep state.
00:12:38.380 The deep state is surrounding President Trump now pretending to support him.
00:12:42.660 He doesn't need the deep state.
00:12:44.280 He has the people.
00:12:45.740 And the people, we are going to be victorious, but this is a war that we have to stay embedded in for a very long time.
00:12:52.420 And we have to make sure that President Trump gets the correct information and that the people's will and the people's voices are heard.
00:13:01.760 And that vote, 99 to 1, is an exact proof that the people are winning because without the people calling, without all of you listening, all of the war room posse calling in to members of the House and senators' offices every single day like you have been, this couldn't have happened.
00:13:21.760 And all of your posts on social media, you can override the paid influencers.
00:13:26.560 You can override the bots.
00:13:28.720 So you have to stay focused and stay in this fight.
00:13:31.900 And this is how we win it.
00:13:34.300 But humanity is saved for now.
00:13:36.700 But I promise you, Steve, that AI moratorium and maybe worse will come back.
00:13:41.180 We just have to watch for it.
00:13:42.480 Congressman, what is your social media?
00:13:47.100 You're now a fire-breathing liberal, a fire-breathing opponent of the broligarchs. 0.98
00:13:52.380 And most importantly, most importantly, you told the president, hey, I love you.
00:13:57.340 We support you.
00:13:58.220 I'm MAGA.
00:13:59.400 But if this is in, it's got to come out.
00:14:01.900 And he listened.
00:14:02.500 Marsha Blackburn and MTG heroically stood in the breach when everybody else was running and said, this can't happen.
00:14:09.840 And that's why we won.
00:14:10.780 Where do people go to get your social media, ma'am?
00:14:13.780 Well, a couple of things, Steve.
00:14:15.500 I am posting up a thread today.
00:14:17.260 I've already started it of contents of the bill, the one big, beautiful bill, as President Trump calls it.
00:14:24.240 And I've already loaded it.
00:14:26.080 I've started it.
00:14:26.700 I want you to know there's an important post that starts with over $9 billion.
00:14:30.860 Hang on.
00:14:31.460 Hang on.
00:14:32.280 Hang on.
00:14:32.700 Hang on.
00:14:33.380 Hang on.
00:14:33.700 I want you to stick to a commercial break.
00:14:35.540 I want to get to this thread.
00:14:36.800 This thread is very important for people today, particularly as this vote goes on the Senate.
00:14:40.200 Short break.
00:14:41.260 Congressman MTG, Mike Davis, also from the Treasury Department.
00:14:45.920 They're going to come over and walk us through what these numbers really mean about economic growth.
00:14:51.480 All next in the War Room.
00:14:52.840 I got American, baby.
00:14:57.440 In America's heart.
00:14:59.600 This July, there is a global summit of BRICS nations in Rio de Janeiro, the bloc of emerging superpowers, including China, Russia, India, and Persia, are meeting with the goal of displacing the United States dollar as the global currency.
00:15:15.460 They're calling this the Rio reset.
00:15:18.800 As BRICS nations push forward with their plans, global demand for U.S. dollars will decrease, bringing down the value of the dollar in your savings.
00:15:26.540 While this transition won't not happen overnight, but trust me, it's going to start in Rio.
00:15:33.520 The Rio reset in July marks a pivotal moment when BRICS objectives move decisively from a theoretical possibility towards an inevitable reality.
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00:16:13.620 And the Rio reset.
00:16:16.160 Text Bannon, B-A-N-N-O-N, to 989898.
00:16:20.580 Do it today.
00:16:21.820 That's the Rio reset.
00:16:23.060 Text Bannon at 989898 and do it today.
00:16:30.200 Okay, right there.
00:16:31.060 Welcome back, folks.
00:16:32.400 Right there, you see the Senate floor.
00:16:34.440 Thune has just announced, he thinks he's got the votes to pass the big, beautiful bill.
00:16:39.280 I think all the amendments have stopped.
00:16:41.300 They're going to have, I think, a series of votes.
00:16:43.020 They've given people a 15-minute heads-up to come back for the first of the start of the votes.
00:16:48.840 And then I think they'll move fairly rapidly.
00:16:51.360 He says he has a deal now.
00:16:52.320 So we're going to cover this quite closely.
00:16:54.940 MTG, go through right now.
00:16:56.900 You've got an open thread on Twitter.
00:16:59.460 And where do people go for your Twitter account?
00:17:01.620 Because I want people to follow along here.
00:17:03.080 We're going to put it up on the screen.
00:17:04.400 But where do people go to get you on Twitter?
00:17:08.300 RepMTG.
00:17:09.140 That's where you can follow the thread.
00:17:11.000 And I'll keep adding to it.
00:17:12.420 But, Steve, I've exposed, this is something that hasn't even been talked about that I know of, is $9.995 billion for going to the moon and moon to Mars missions.
00:17:23.980 And you know what I think Americans are saying?
00:17:27.140 They walk out in their cities and their towns, and they look at their checking account balances, and they look at the cost of groceries, and they look at the cost of health insurance.
00:17:36.140 And they look at the cost of life in America, especially these 20-year-olds.
00:17:40.520 20- and 30-year-olds are seeing no hope in their future.
00:17:43.400 And everyone's asking themselves, we haven't fixed America yet, but taxpayers are supposed to fund $9.995 billion for the moon and Mars.
00:17:54.780 And then we have this Elon Musk-President Trump feud turning into a war between each other and talks of a third party being created.
00:18:05.880 I'm sorry.
00:18:06.840 This doesn't fly with me.
00:18:08.520 MAGA is the new party.
00:18:10.200 And MAGA is defeating the old establishment and the Republican Party.
00:18:14.880 And I think that's incredibly important.
00:18:17.240 And I don't know, Steve, if any other member of the House or any senator talked about this over $9 billion, almost $10 billion, going to the moon and Mars.
00:18:30.400 But I think I'm the first one that talked about it.
00:18:33.060 But I'll keep adding to this thread that everybody can follow so you know I'm doing my best to get the information.
00:18:40.200 But I think this is where we need to start really having real conversations and, again, not funding what these special interest donors that were new, new to President Trump, that all came around towards the end of the election cycle, when they knew Joe Biden was done and they knew Kamala Harris couldn't win.
00:19:01.000 And this is what we're up against now.
00:19:04.260 And it's ridiculous.
00:19:05.240 So right now, as you see it, there's huge differences between what they're passing in the Senate and what you did in the House.
00:19:18.520 Are you guys just going to rubber stamp this?
00:19:20.340 Johnson's saying he's going to take it right to a vote.
00:19:22.880 Do you anticipate that some of the folks in the House are going to want to say so?
00:19:26.860 Right now, it's still very confusing about illegal aliens on Medicaid that the parliamentarian may have taken out versus the fact we're taking Medicaid away from American citizens and maybe still paying for illegal aliens.
00:19:41.100 Is the House going to rubber stamp this?
00:19:42.960 Is it going to be like a 24-hour turnaround, ma'am?
00:19:45.540 I cannot imagine.
00:19:46.760 No.
00:19:47.500 No.
00:19:47.960 I can't imagine they have the vote.
00:19:49.520 There's no way that Johnson has the votes in the House for this.
00:19:52.260 So just for clarification, my understanding is currently in the Senate bill that has not passed yet, illegals cannot receive Medicare.
00:20:02.220 However, they can receive Medicaid, which is absurd.
00:20:06.320 So we know blue states will still continue doling it out, where red states will likely not dole it out.
00:20:12.780 I did find clarification because I've been watching it the entire time.
00:20:16.400 There is no funding through Medicaid and CHIP to go to child sex change surgeries and hormones and all that garbage, that incredible lie, attack on our children.
00:20:27.700 So that will not happen.
00:20:30.860 However, this bill is nowhere near perfect.
00:20:35.800 It's got a lot of stuff in there that just shouldn't be in there.
00:20:40.160 And we're $37 trillion in debt.
00:20:42.920 But, you know, it's unbelievable to me that all of this stuff has been packed in.
00:20:48.660 And I don't see how currently right now the votes are in the House.
00:20:56.460 MTG, one more time.
00:20:58.180 Your social media, we want everybody to get on her thread today.
00:21:00.900 She's going to be updating it constantly to get an understanding of what's in this bill.
00:21:04.700 Where do they go?
00:21:07.560 RepMTG.
00:21:08.300 That's my official account on X.
00:21:10.620 So I'll continue loading it throughout the day.
00:21:13.160 And we're continuing to watch the Senate to learn completely about what the final version of the bill to be.
00:21:21.980 We are told that we're supposed to be back Wednesday morning to start voting at 9 a.m.
00:21:28.760 I think that is not realistic.
00:21:31.580 I just don't see how that's possible.
00:21:34.320 So this is, I think it's far from over.
00:21:36.740 However, Steve, I do want to reiterate, we've got President Trump's back.
00:21:42.980 I've got his back.
00:21:44.420 There are incredible things in the tax provisions in this bill that must pass.
00:21:49.260 It's non-negotiable.
00:21:50.660 Also, the border security and deportations, those things must pass.
00:21:54.620 They're non-negotiable.
00:21:55.680 And I want to tell everyone clearly that this bill may be the only true victory once we get it right, once we can get it to a good point.
00:22:09.220 It may be our only real victory this Congress because there are whispers, and the whispers are getting louder and louder in the House that we are being told that they're going to give us another CR on September 30th.
00:22:22.600 And if that's the case, I think—
00:22:25.100 Whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa.
00:22:28.380 What's that whisper about what?
00:22:31.360 Yeah, the CR.
00:22:33.640 CR.
00:22:34.760 So government funding has to be done by September 30th.
00:22:36.600 Oh, my God.
00:22:38.380 Yeah, that's absolutely—that's a non-starter.
00:22:42.940 They're just the non-starter.
00:22:46.040 And, Steve, that should make everyone furious.
00:22:49.500 And so this bill—so we have to be realistic.
00:22:55.440 There's things in it we have to have.
00:22:57.240 I mean, everyone agrees.
00:22:58.480 President Trump, many of his campaign promises are in there.
00:23:01.700 We have to have them, the tax cuts.
00:23:04.480 We have to have the child tax credit.
00:23:07.340 We have to have the baby savings account.
00:23:10.240 We have to have all of these things for businesses to be prosperous.
00:23:14.040 The tax part is incredibly important.
00:23:16.680 The estate tax has been made permanent at $15 million.
00:23:21.160 That helps small business owners and farmers.
00:23:23.980 Like, there's so many things in here we have to have.
00:23:26.520 Also, the border security funding, the deportation funding.
00:23:30.200 I mean, we have to support President Trump in those things.
00:23:33.540 But it's our duty to make sure that we aren't funding special interest port projects, that we aren't funding, you know, freaking Medicaid for illegals.
00:23:45.560 That makes virtually no sense whatsoever.
00:23:48.260 And anything else we find in there that just shouldn't be spent.
00:23:52.200 Because we're $37 trillion in debt.
00:23:55.180 There's things we have to have.
00:23:56.800 President Trump's campaign promises.
00:23:58.600 We have to support the president there.
00:24:00.420 But we don't have to do these other things.
00:24:02.820 And it's the responsibility of the Speaker of the House and the leader in the Senate to make sure that we're sticking with the campaign promises.
00:24:09.980 And so when you see people like me coming out and arguing these points and fighting against funding and voting for garbage, it's not me going against President Trump.
00:24:22.480 It's me going against establishment Republicans that really never supported the president and his agenda in the first place.
00:24:30.740 And it's about fighting for the MAGA agenda, just like the people listening to your show and watch your show every day.
00:24:36.320 And people beyond that that do not want to continue to see Congress vote for these things and fund these things.
00:24:45.040 So this is incredibly important.
00:24:47.940 But it is really a dire situation.
00:24:50.420 We're on a time clock that's been really set on us.
00:24:54.520 So we have a lot of pressure.
00:24:56.380 And then also given the fact that there's 435 members of Congress and it's hard for us to get to an agreement on anything.
00:25:03.860 So this whole thing is – I don't know what to call – it's a s*** show.
00:25:08.920 And I'm sorry for saying that.
00:25:10.060 I know we're not supposed to say that on the air.
00:25:11.600 But that's truly what it is.
00:25:14.280 But we've got to make sure that we support President Trump and get the great campaign promises across that he promised to the people and that we all promised.
00:25:23.620 I campaigned on those things too.
00:25:27.680 Congressman Green, Marjorie Taylor Green, thank you so much.
00:25:31.000 Incredible.
00:25:31.400 We'll be looking at your Twitter throughout the day, hopefully maybe get you back this afternoon.
00:25:35.040 Thank you, ma'am.
00:25:35.740 Thank you, Steve.
00:25:36.480 I appreciate it.
00:25:38.320 One of President Trump's fiercest defenders.
00:25:41.240 So, Mike Davis, let's hit rewind because I think what MTG told us all is going to be exposed and revealed in this effort yesterday.
00:25:49.420 You came on at 10 o'clock yesterday morning on the war and started off.
00:25:53.180 At 10 a.m., where were we with the oligarchs and the artificial intelligence moratorium, sir?
00:25:58.980 We were a certain passage of this 10-year AI amnesty for these trillion-dollar big tech monopolists, especially Google and Meta.
00:26:12.100 And then the war room posse teamed up with the Article III project like we've done so many times in the past, and we gave the Senate another attitude adjustment.
00:26:24.440 We did these war room hits, and we had 3,000 activists take over 9,000 actions, emails, phone calls, social media, to both of their home state senators.
00:26:40.080 And that's the key is your own home state senator.
00:26:42.120 No one, no senator cares about what some constituent to another senator thinks.
00:26:47.540 They care about their own constituents.
00:26:49.900 And so we targeted constituents to their home state senators.
00:26:53.820 Even at late last night, around 1 a.m. last night, the main proponents of this AI amnesty in the Senate thought there would only be three Senate Republicans who would strike this AI amnesty out of the one big, beautiful bill.
00:27:14.220 This bill ended up, this motion to strike pushed by U.S. Senator Marsha Blackburn from Tennessee, a hero, an all-star on this, who is fighting to protect kids, creators of online content, all content, along with conservatives who have been censored, who have been targeted by big tech for so many years.
00:27:40.180 Marsha Blackburn is the hero in the Senate, Marjorie Taylor Greene is the hero in the House.
00:27:47.260 They thought there were only going to be three Senate Republicans who voted to strike this amnesty.
00:27:53.540 It went down 99 to 1, including the main Senate proponent voting against his own AI amnesty.
00:28:04.300 Ted Cruz.
00:28:05.540 Okay, hang on for one second.
00:28:07.380 We'll take a short break.
00:28:08.280 We're going to go, Mike Davis is going to stick with us.
00:28:11.540 We're also going to get from the Treasury Department.
00:28:14.360 You're going to hear it, walk through a financial model that shows that we're actually going to cut deficits and have growth, 2.8 to maybe 3% growth of the economy, all next in the war room.
00:28:27.200 You missed the IRS tax deadline.
00:28:30.420 You think it's just going to go away?
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00:30:40.240 War Room.
00:30:41.180 Here's your host, Stephen K. Bannon.
00:30:44.820 Joe LaVornette from one of the top economists over in special counsel to the secretary of treasury.
00:30:53.560 We've had Joe on before.
00:30:54.420 He's going to join us in a moment.
00:30:55.400 We're going to walk through the math as this very important vote starts because I think there's a lot of confusion in having the chairman of the Council of Economic Advisors on yesterday from the White House, I think, went miles in trying to show people what the real math is here.
00:31:11.200 Mike Davis, I just want the Warren Posse to understand this because they moved heaven and earth yesterday with the Article III team, project team.
00:31:19.520 At 10 o'clock in the morning, and we had been talking about this for weeks and weeks and weeks, and MTG had been coming up weeks and weeks and weeks.
00:31:27.800 This was in the bill.
00:31:28.700 And even late in the evening, Ted Cruz kind of mocked us by saying, well, they've got three votes, but it's a long night ahead, right?
00:31:40.100 They thought they had this one, even in the early morning hours after midnight, they thought they had this one.
00:31:46.780 At 4 o'clock in the morning, there was a 99 to 1 vote, which shows you no senator, when exposed, wanted to be near this thing.
00:31:56.480 This is the kind of radioactive vote that they don't want attached to their – and the only guy that voted for is Tillis, who's leaving and needs a job as a lobbyist, obviously, with AI.
00:32:06.040 It is the shift in this from actually being a done deal after weeks and weeks and weeks, that's how powerful the oligarchs are, to 99 to 1 against, you know, what, 16, 17, 18 hours later.
00:32:19.820 Walk us through that, sir.
00:32:21.820 Yeah, at 10 a.m., this was a done deal for the AI oligarchs.
00:32:27.440 They thought they were going to get 10 years of amnesty.
00:32:30.540 They worked on getting a deal with Marsha Blackburn, who opposed them on this, and she's been a fierce warrior.
00:32:38.320 I know she's going to try to come on your show after the vote. 0.95
00:32:42.000 She's been great on this.
00:32:43.900 She was able to work out because they thought this was just inevitable, so she was trying to cut her losses.
00:32:50.340 And so she went from 10 years to five years, and there was some language that purported to protect kids, creators, conservatives from censorship.
00:33:00.180 But as we pointed out on the show yesterday, that language was largely hollow.
00:33:05.260 And so we went back to Blackburn.
00:33:07.940 I worked very closely with Senator Blackburn's chief of staff all day, all afternoon, all evening.
00:33:14.840 I'll give Katie Lane a shout-out. 1.00
00:33:17.140 She's one of my good friends.
00:33:18.480 Her husband, Bill Lane, used to volunteer for the Article III project as a lawyer.
00:33:23.180 Now he's a nominee to be a top Pentagon lawyer.
00:33:26.740 I worked very hand-in-glove with Katie Lane and Grace and the War Room posse and Steve Bannon.
00:33:35.500 And we worked with the senior members of the White House, maybe the most senior member of the White House, maybe, just maybe.
00:33:44.200 We made sure that the administration didn't get duped by the tech bros and weigh in in favor of this AI amnesty.
00:33:54.560 And then that created the opening late last night for Marsha Blackburn to strike. 1.00
00:34:00.900 And the main proponent of this thing, of this AI amnesty, said they had three Senate Republican votes.
00:34:07.940 And as I pointed out last night, I posted the dam was about to break, and sure did that dam break.
00:34:13.540 It was 99 to 1, the main proponent in the Senate voted against his own AI amnesty.
00:34:21.780 And so this tells you the power of the War Room posse teaming up with the Article III project.
00:34:28.800 We pulled the rabbit out of the hat on this, and it is a remarkable win for America. 1.00
00:34:37.440 God, this is good for kids.
00:34:39.080 This is good for creators.
00:34:41.460 This is good for conservatives who would have been censored.
00:34:44.800 This is Section 230, an antitrust amnesty that we saw over the last 15 years.
00:34:50.840 This AI amnesty is that on steroids.
00:34:53.240 They would have crushed us, and we stopped it.
00:34:55.620 And, folks, this is about battles going forward.
00:35:01.360 It is not – there are no coincidences, folks, that one of the four horsemen of the apocalypse on AI is Elon Musk.
00:35:09.840 The Tesla – the company Tesla making cars is imploding.
00:35:12.800 He's trying to shift it to an AI company.
00:35:14.960 It shouldn't be lost on you.
00:35:17.300 His fight against President Trump has nothing to do with debt, right, nothing to do with debt.
00:35:22.160 His immaturity, even talking about how you go about it, it's a huge problem.
00:35:26.780 As you know, we've been fighting this thing on War Room.
00:35:30.480 His immaturity in doing it shows you it's just – he's a clown.
00:35:33.420 This is all about he got cut out of EV.
00:35:35.740 He got cut out of his subsidies.
00:35:37.860 He's also – he understood where President Trump stands and having the back of the American people who are very concerned about AI.
00:35:44.060 It may have tremendous benefits.
00:35:46.020 It's clearly going to be in every part of life.
00:35:48.060 But the American people want to have a say-so in this, right?
00:35:51.080 The little guy says, hey, I think my voice ought to be heard.
00:35:54.900 That was what yesterday was.
00:35:56.860 And remember, when exposed, every member of the Senate, Septilus, who's already announced he's not running again, every member voted with us to say, no, we shouldn't do that, right?
00:36:08.460 This was something they had locked at 10 o'clock in the morning.
00:36:11.540 It was one of the biggest flips I've ever seen.
00:36:15.100 And the reason is they understand how toxic some of these broligarch policies are. 0.92
00:36:21.140 Mike Davis, great work.
00:36:22.660 This is also not a culmination, but this is – you've been warning and fighting about this for years.
00:36:27.260 This is what the whole Internet Accountability Project was about.
00:36:30.480 Was it not, sir?
00:36:31.160 Yeah, our sister group, the Internet Accountability Project.
00:36:34.220 Look, we started the first group on the right through the Internet Accountability Project to take on the trillion-dollar big tech monopolist, Google, Amazon, Facebook, and Apple on Section 230, immunity, antitrust, amnesty, data privacy, now AI, amnesty.
00:36:51.980 We were laughed at when we started this thing.
00:36:56.480 More than five years ago, I started it with Rachel Bovard.
00:37:00.620 Gail Slater at the antitrust division may have had a hand in this. 0.94
00:37:05.200 She may have been the brains of all this.
00:37:08.160 We have been kicking big tech's butt for years.
00:37:11.500 We're going to continue to do it every day.
00:37:13.480 We made sure that Trump, President Trump, pursued Metta with the FTC case he brought in his first term and took FTC to trial when the broligarchs were trying to get Trump to dump that case. 0.82
00:37:27.060 We stopped the broligarchs from stealing everyone's copyright by installing a puppet as the Librarian of Congress and the Registrar of Copyrights. 1.00
00:37:39.300 We stopped the Trump Justice Department from filing an amicus brief or a brief supporting this outrageous position that stealing everyone's copyright for their AI machines so they can profit is somehow fair use under the copyright laws.
00:37:57.420 We just crushed them last night with the come-from-behind victory 99 to 1 on this 10-year AI amnesty.
00:38:08.040 I would say this to the tech bros.
00:38:10.960 We don't care how many lawyers and lobbyists you hire. 0.83
00:38:14.760 The Article III Project and the War Room Posse, we're lean and mean, and we are going to kick your asses every time.
00:38:23.220 Mike Davis, where do people go to find out more about Article III and everything we're working on, sir?
00:38:29.860 Yeah, so those 3,000 activists from the Article III Project and War Room Posse who made 9,000 contacts on this AI amnesty, you're the heroes of this.
00:38:41.420 And that's where you should go, article3project.org, article3project.org.
00:38:46.820 You can donate only what you can afford.
00:38:49.680 We're not grifting.
00:38:50.440 Listen, follow us on social media, and let's put the pedal to the metal and run them over on this AI amnesty.
00:38:57.540 So light up both of your senators on this AI amnesty and make sure they understand we're still watching.
00:39:03.640 They're not going to include this in what the Senate calls the wraparound bill at the end where they add it back into the ends.
00:39:09.860 We're going to make damn sure this doesn't get through.
00:39:12.460 If you want an AI bill, you need to do it through regular order, 60 votes in the Senate, a majority in the House, present it to the president.
00:39:21.480 He signs it.
00:39:22.440 You have all the stakeholders involved, but you don't do this AI amnesty through this backroom deal.
00:39:29.900 We have a national debate, which is many of these policies.
00:39:32.840 We should have to have a national debate on this, including the dollar being the prime reserve term, many fundamental issues.
00:39:38.440 Mike Davis, great work.
00:39:39.620 You're a fighter.
00:39:40.160 And I would just say for AOC and Bernie, your oligarchs tour, we're actually taking on the oligarchs.
00:39:46.100 You're doing performance art.
00:39:48.020 And for Mondami up in New York City, it's more performance art.
00:39:52.920 We're actually inspired by Lena Kahn and so many people.
00:39:57.300 The left and the right have come together to take on the oligarchs.
00:40:01.060 We understand it's a threat to the American people.
00:40:03.760 But you've got to work together, and you have to work smart, and you have to focus on important issues,
00:40:08.380 not AOC and Bernie running around just yammering, oh, the oligarchs tour.
00:40:13.180 They haven't done anything about it.
00:40:14.660 They haven't talked about any of these important issues.
00:40:16.480 And they're not prepared to do the work.
00:40:18.240 This is hard grinding work.
00:40:19.720 That's why Mike Davis and the team at Article 3, also the Internet Accounting Project, also over the FTC, the FCC,
00:40:26.560 Gail Slater, this is a grind.
00:40:29.400 But that's the only way you're going to beat the oligarchs is you're going to have to grind them.
00:40:32.900 And we're fully on board to grind away.
00:40:36.460 Sir, Mike Davis, once again, heroic.
00:40:38.800 24 hours, what a difference a day makes, sir.
00:40:42.100 And a shout-out to FTC Chairman Andrew Ferguson, who's also been a hero in this fight.
00:40:47.740 So thank you, Steve.
00:40:48.620 Major.
00:40:48.900 By the way, Andrew Ferguson now, he's got the Zuck in court to break up meta.
00:40:56.140 A lot of people talked about it.
00:40:57.360 Andrew Ferguson's in federal court doing it.
00:40:59.680 That's what I mean by grind.
00:41:00.880 Thank you, sir.
00:41:01.680 Appreciate you.
00:41:02.300 Thank you.
00:41:04.400 One year ago yesterday, one year ago today, Danbury, right?
00:41:08.680 That's what this fight's all about.
00:41:09.880 Next man up.
00:41:10.540 You've got so many powerful people.
00:41:11.980 There are so many folks stepped up here in the show.
00:41:13.920 I'll talk about it next hour.
00:41:14.800 But also, just everything.
00:41:16.320 We took the oligarchs down overnight.
00:41:19.260 Joe Levante.
00:41:19.840 So, Joe, take us to the top.
00:41:22.620 We've got about three minutes here.
00:41:23.540 We're going to hold you through the break.
00:41:25.360 Everybody, you know, Elon Musk is saying he's starting a new party.
00:41:28.340 You know, here's what I love.
00:41:30.100 A guy starting the America Party is not an American.
00:41:32.940 I love a South African.
00:41:34.320 Hey, yo, dude, go back to South Africa.
00:41:36.720 Start the South African Party.
00:41:38.080 Sort your own country out, right?
00:41:40.300 Stop trash-talking President Trump because you've got to cut out everything.
00:41:43.440 Joe, what is it?
00:41:44.520 Take a couple of minutes, and we'll hold you through the break.
00:41:46.200 Give you a bigger segment next segment.
00:41:50.120 But what is the basic thesis of how we address the Elon Musk and guys in the world saying, oh, we're not cutting debt or we're not cutting the deficits enough?
00:41:58.000 They don't buy into your Secretary Besson and the president's growth plan.
00:42:03.500 Yes, as Secretary Besson has said, Stephen, and certainly President Trump, you need to grow.
00:42:09.860 The economy needs to expand.
00:42:11.560 And the provisions, the tax provisions in the one big, beautiful bill, especially on the small business side, the increased appreciation and expensing, as well as a new additive, which is 100% expensing for plants, meaning actual factories, is hugely pro-growth.
00:42:28.080 It's very supply-side additive.
00:42:30.280 Even reducing tax on seniors, that's going to encourage them to enter the workforce where participation rates are low. 0.82
00:42:36.620 No tax on overtime.
00:42:37.940 Again, the marginal dollar becomes more valuable when you're not being taxed on it.
00:42:41.560 All those policies will generate faster growth.
00:42:46.000 Without growth, you have nothing.
00:42:47.500 If this bill is not passed, you'll have the largest tax hike in U.S. history.
00:42:53.000 The economy will slow markedly.
00:42:54.840 In particular, it will hit middle and lower income households.
00:42:58.640 There has never been an example ever in U.S. history where we have cut spending massively, at the same time, high taxes massively, and generated growth.
00:43:09.700 It's got to be done properly.
00:43:10.900 But certainly on the growth side, with which we could control, we've got to push that.
00:43:15.240 And these policies that the president is putting forward, that Secretary Besson has articulated very well, will give us that.
00:43:23.520 Hold on.
00:43:24.040 Hang on one second.
00:43:24.940 We're going to – let's go – hang on one second.
00:43:27.180 The president is just arriving in Florida to go to Alcatraz, Alligator Alcatraz.
00:43:31.900 Let's go live there right now, see if we can pick up any sound.
00:43:34.500 Okay, that's the president with the DeSantis.
00:43:49.900 Governor DeSantis is coming over.
00:43:51.500 I think he may say something to the press.
00:43:53.660 Let's go ahead and listen in.
00:43:54.480 The president, hello, everybody.
00:43:56.520 The trip was nice, and the job they've done is fantastic.
00:44:01.140 And this is what you need.
00:44:02.760 And Ron worked beautifully with Christy and all of the people at Homeland Security and got it done in how many days, Ron?
00:44:10.120 Eight days.
00:44:11.220 A new facility was up and running.
00:44:14.480 It's just a model going forward, Mr. President.
00:44:16.420 It can be.
00:44:17.240 I mean, you don't always have land so beautiful and so secure.
00:44:21.460 You have a lot of bodyguards and a lot of cops that are in the form of alligators.
00:44:26.060 You don't have to pay them so much.
00:44:27.700 But I wouldn't want to run through the Everglades for long.
00:44:31.440 We'll keep people where they're supposed to be.
00:44:33.820 This is a very important thing.
00:44:36.280 We're setting records at the board.
00:44:38.120 You know, we had no people come through last month.
00:44:40.800 Zero.
00:44:41.340 No people.
00:44:42.580 But we're going to keep it that way.
00:44:44.280 So Ron did great, and I want to thank you.
00:44:46.900 Well, look, we thank you, Mr. President.
00:44:49.100 Thanks for your leadership.
00:44:50.100 The border, you did that quicker than we knew you'd do it, but you did it so quick, which is great.
00:44:55.340 But Biden let in how many millions, and you've got to take care of them.
00:44:59.380 And so this is one example of state operating this.
00:45:03.640 The feds are approving it, supporting it.
00:45:05.520 We're also going to have 2,000 more at Camp Blanding, which is our National Guard site.
00:45:10.860 And we're the only state in the country that mandates our state and locals, 0.86
00:45:14.380 law enforcement, to cooperate with ICE.
00:45:16.620 And it's made a huge difference.
00:45:18.220 On any given day, Florida constitutes about 20 percent of all immigration arrests nationwide.
00:45:25.600 And that's just because of the partnership that we have.
00:45:27.660 So I think it's great that the president's here.
00:45:30.600 What I would just say is don't let Florida be the only state.
00:45:34.300 We've got very red states that should be doing this just as much as Florida's doing.
00:45:39.160 That will increase their numbers.
00:45:41.540 And then what happens is you'll have a lot of people that will deport on their own
00:45:45.300 because they don't want to end up in an alligator, Alcatraz, or some of those other places.
00:45:49.160 So I think this is a model, but we need other states to step up.
00:45:52.400 I was going to ask you, would this be enticing for other states to come up with their own model?
00:45:57.980 They are doing it.
00:45:58.660 We have Louisiana doing it. 1.00
00:45:59.960 Big Alabama's doing it. 1.00
00:46:01.200 We have a lot of states.
00:46:02.540 They seem to be red states and not too many blue states for whatever reason.
00:46:07.520 But the red states, Republican-run states, are doing it.
00:46:11.040 The blue states don't do very well at security and policing, unfortunately.
00:46:15.500 What would you say?
00:46:16.280 You know, I would say that exactly right.
00:46:18.160 The governor here has been fantastic in forming this partnership with the Department of Homeland Security.
00:46:23.400 We were looking at different contracts with different vendors and thought,
00:46:27.600 why not go straight to our governors and ask them to help us solve this problem?
00:46:31.040 Florida was unique in what they presented to us, and I would ask every other governor to do the exact same thing.
00:46:38.040 This is unique because we can hold individuals here.
00:46:40.800 They can have their hearings, get due process, and then immediately be flown back home to their home countries.
00:46:46.360 And their home countries are welcoming them.
00:46:48.600 They're setting up loans for houses.
00:46:50.780 They've got food assistance.
00:46:52.640 They're helping to facilitate welcoming them home.
00:46:54.900 I just got home from Panama, Costa Rica, Guatemala, Honduras, and they're all excited about getting their individuals back home from the United States.
00:47:03.740 And there is a lot of self-deporting.
00:47:05.780 There is.
00:47:05.960 That's one thing.
00:47:06.360 I was actually surprised.
00:47:07.520 But a lot of self-deporting.
00:47:08.820 And when you have something like this, even more so.
00:47:11.200 So I'd ask around one question.
00:47:13.080 I flew over the avid land.
00:47:14.400 We did a little circle.
00:47:15.180 So I said, let me see.
00:47:15.960 That's a big piece of land.
00:47:17.400 I think it's 25 minutes to fly around.
00:47:20.400 Is there potential for enlargement for additional facilities out there?
00:47:25.920 There may be.
00:47:26.560 I mean, I think what we're doing is, because this is an important part of Florida, we're using the existing footprint of this airport.
00:47:33.460 So when you guys go over there, you'll see all the beds, the medical, the galley, everything is on the concrete.
00:47:40.160 We're not using any of the other stuff.
00:47:42.240 Now, as you'll see, there's a lot of concrete, so there very well may be.
00:47:45.780 I know Secretary Noem and her team have said, as soon as the president departs, we'll be open to start receiving folks.
00:47:53.680 And I see what tempo is.
00:47:55.620 We do have the 2000 in northeast Florida that will open very soon.
00:47:59.260 So it is possible to do.
00:48:00.960 One of the things I think that is exciting about this is we're offering up our National Guard and other folks in Florida to be deputized to be immigration judges.
00:48:10.180 We're working with the Department of Justice for the approvals.
00:48:13.160 I'm sure Pam will approve.
00:48:14.660 But then you have, I'll have a National Guard judge advocate here. 0.97
00:48:18.700 Someone has a notice to appear.
00:48:20.600 Biden would tell them to come back in three years and appear.
00:48:23.340 Now you'll be able to appear in like a day or two.
00:48:25.720 So they're not going to be detained, hopefully, for all that long.
00:48:28.540 We'll have people here in this facility that can make, you know, it's a bureaucracy.
00:48:32.900 The president's got to deal with the bureaucracy.
00:48:34.280 Now that Supreme Court ruling was good because that's going to allow him to be able to exercise Article 2 the way founders intended.
00:48:40.520 But you still have bureaucracy.
00:48:42.080 So we want to cut through that so that we have an efficient operation between Florida and DHS to get the removal of these illegals done. 1.00
00:48:50.380 How many initially, Mr. President?
00:48:52.060 Are you going after the worst of the worst or are you now arresting anyone?
00:48:55.040 We're doing the worst of the worst, always the first.
00:48:57.520 And I think it's great government, what we've done.
00:49:00.920 And nobody can ever forget what this group of people, Biden or whoever it was,
00:49:05.140 because it probably wasn't even Biden.
00:49:06.940 I don't know what you're doing.
00:49:08.580 Biden, whoever it was, what this group of people, a small group that circled the Resolute Desk, what they did to this country.
00:49:16.800 Think of it, what your time, all the time, you have to waste doing this.
00:49:20.480 It's an unforced error.
00:49:21.820 We had nothing.
00:49:22.460 We had no problem with this.
00:49:24.320 There was never anything like that.
00:49:27.520 Okay, looks like it looks like we frozen going out right there at the site.
00:49:47.980 President Trump has arrived at with Governor DeSantis and Kristi Noem ahead of DHS.
00:49:55.760 They're going to go tour Alligator Alcatraz.
00:49:59.680 Now, what's going to happen?
00:50:00.460 Our own Brian Glenn is with the president, and with it, he'll be in actually the motorcade, or he'll be with the president.
00:50:10.000 We'll come back up as soon as we get a signal.
00:50:13.400 Brian will be in there in the journey over to this incredible new facility that is a little bit like Devil's Island,
00:50:21.080 and the fact that you've got alligators patrolling in a moat around, so you don't need to have bob wire or anything to constrain it.
00:50:30.760 President Trump is going to get the full briefing.
00:50:32.220 This thing has been put up in eight days.
00:50:33.940 It's a model for how we're going to look forward to deport these 10 million illegal alien invaders as rapidly as possible. 1.00
00:50:44.520 The bill to get their money to do that is being voted on right now in the United States Senate.
00:50:49.280 Let's go back to – I still have John – Joe Lavanya.
00:50:53.140 Let's get Joe in before the – so, Joe, right there you're seeing it.
00:50:56.840 That whole facility is really – the Kristi Noem part is predicated upon the big, big, beautiful bill being passed today.
00:51:06.120 I think we have $150 to $170 billion in for the deportation and border security in the Senate.
00:51:13.160 I think $70 or $80 billion in the House.
00:51:15.400 That will get worked out somehow.
00:51:17.200 But once again, Elon Musk is hammering the president that, oh, you're not paying attention to debt.
00:51:22.120 The theory of the case is you've got to get the economy growing again.
00:51:25.800 This is a supply-side cut.
00:51:27.260 But when you actually look at your model and add in everything, you add in tariffs, you add in growth, you add in all the investment, you're growing at 2.8% to 3%.
00:51:35.960 You're actually growing faster, and this is the way that you start to knock the deficits down besides all the other cuts that the president is going to make on waste for an abuse that the Doge guys did not actually get done.
00:51:49.540 Joe, your thoughts?
00:51:50.660 Yes, Steve, so the 2.8% was an underlying figure CEA had effectively used.
00:51:58.620 That was sort of a midpoint.
00:51:59.900 They're optimistic it could be higher.
00:52:01.340 3% something is certainly possible.
00:52:04.340 Just so you know, these deficit fears that people talk about are based off of a CBO estimate of just 1.8% growth per year.
00:52:12.940 There is a massive difference.
00:52:14.500 This is trillions of dollars between 3% type growth and 1.8% growth, and you're talking a $30 trillion economy with compounding over a 10-year period.
00:52:24.460 So that's important.
00:52:25.380 You have to get the growth assumption right.
00:52:27.220 But as it comes back to the one big, beautiful bill, and you're talking about deportations, Secretary Besson's made a very key point, and that is when you remove these illegal people, you're going to lift nominal wage rates in the U.S.
00:52:39.180 They're going to go to really a market-level rate, so that becomes very, very competitive for U.S. workers.
00:52:45.060 Moreover, within the one big, beautiful bill as it relates to building things, you've got significant permitting improvements for energy output and production.
00:52:54.120 That's key because energy is an input into virtually everything.
00:52:56.780 So there are a lot of supply-side factors that will raise living standards, lift productivity through the capital investment side, but also lower inflation through increased energy production and independence, which will lower prices at the pump.
00:53:09.240 They're effectively at a four-year low.
00:53:11.080 That's great news heading into the summer.
00:53:13.620 So all these factors are just really powerful.
00:53:16.340 I'd also say we could sort of have to ignore the consensus of economists who have been consistently wrong on the tariffs and leading to high inflation.
00:53:24.660 It's been quite the opposite.
00:53:26.100 Inflation has been lower than expected.
00:53:28.260 These forecasts probably wouldn't have happened even if there weren't tariffs, but they have happened.
00:53:32.820 The tariffs have been absorbed in the margins.
00:53:34.980 So these fears of debt are just totally misplaced in my mind.
00:53:41.000 Joe, hang on one second.
00:53:42.240 We've got the president again.
00:53:43.100 Let's go back.
00:53:43.660 We've got another feed.
00:53:44.360 Let's go right back to the president.
00:53:46.340 We've got millions and millions of votes.
00:53:48.840 It had to do with COVID.
00:53:50.500 It really had to do with a cookie-free.
00:53:52.480 The Democrats are very good at cheating.
00:53:55.220 And that's why I said too big to hit.
00:53:57.100 They tried this one too.
00:53:58.660 But after about 9.02, they gave up too big to hit.
00:54:01.780 Too big to hit.
00:54:03.260 Ron would love it.
00:54:04.420 I would love it.
00:54:05.620 Crystal would love it.
00:54:06.900 That's what they have to do.
00:54:08.000 They have to bring it back.
00:54:09.160 And we have to look at a rally.
00:54:10.940 They include anybody that happens to a new state.
00:54:13.700 California would lose like five seats if they did a bare census. 0.97
00:54:19.700 And even beyond that, the Biden census jipped Florida of at least one seat.
00:54:25.040 We only got one seat in the last census.
00:54:27.620 Are you trying to tell me that Florida only had one seat in that?
00:54:31.700 We should have had at least two.
00:54:32.960 Texas should have had another one. 0.97
00:54:34.280 That could be the difference in the House of Representatives and the majority.
00:54:38.580 So I would love for them to redo the census for 26. 0.99
00:54:42.700 My legislature will redistrict those lines.
00:54:45.500 We'll get it to where it's fair.
00:54:47.120 But as it's right now, this country is not fairly apportioned.
00:54:50.480 I've got so many more millions of people in Florida that have representation because of that flawed census.
00:54:55.680 I think it's going to do very well.
00:55:01.540 It's captivating.
00:55:03.260 Everybody wants it.
00:55:04.640 It's going to get in.
00:55:05.520 It's going to pass.
00:55:07.520 Elon Musk is ripping into this building.
00:55:09.720 And are you concerned that Republicans are going to be swayed by Musk and his money?
00:55:13.380 No, I don't understand.
00:55:14.220 I think what's going to happen is Dose is going to look at Musk.
00:55:16.960 And if Dose looks at Musk for the descent, unfortunately.
00:55:19.680 Thank you very much, everybody.
00:55:21.360 I don't think you should be playing that game.
00:55:23.060 Thank you, Mr. President.
00:55:25.860 Thank you very much, Mr. President.
00:55:27.440 Thank you for having me.