In this episode, Rep. Eric Swalwell (D-CA) joins CNN's "ACLU's Van Jones" to discuss the latest in the ongoing saga between the administration and the House Intelligence Committee, and the ongoing investigation into whether or not Donald Trump is a crook.
00:10:10.260But now that it's in place, they're going to get a big refund when they file their taxes next year.
00:10:14.260Then they'll change their withholding.
00:10:16.260But we're talking potentially seven-tenths of GDP just from this one policy alone.
00:10:21.260And again, Steve, as you know, it's money that goes directly into these hardworking Americans' pocketbooks.
00:10:27.260You know, the supply-side tax cut on the capital expensing that drives investment in plant and equipment to return us to be a manufacturing superpower
00:10:38.260with all those high-value-added jobs, good-paying jobs that then drive in communities all the services—the coffee shop, the dress shop,
00:10:46.260the store where you get the gifts for the children, sporting goods, all of it, the real estate prices.
00:10:51.260Then in addition, you have the commercial relationships in which President Trump is redoing all the commercial relationships around the world
00:11:00.260to make sure that people have an option.
00:11:03.260You can either move your manufacturing here to the United States, which we saw last Friday when we had the secretary on in Sumter, South Carolina,
00:11:10.260at the magnets plant with the rare earths, or you can pay a fee.
00:11:16.260Now, the Supreme Court is going to have something to say about that.
00:11:19.260But do you believe right now—because you're seeing the beginning of the capital expenditure in the big, beautiful bill—
00:11:26.260are you concomitantly seeing that at least the factories come back from this international investment?
00:11:33.260I see a lot of headlines about international investment.
00:11:36.260But is Treasury confident that that's happening and happening at the pace that eventually will have some sort of positive political impact, sir?
00:12:05.260And coming back to the affordability issue, the fact that we've secured our borders and removed illegal immigrants will help affordability in two profound ways, Steve.
00:12:15.260Number one, market wages will not be substandard.
00:12:18.260They will not be below market because there's artificial depressant on the wage rate.
00:12:22.260So wages will also rise because of that.
00:14:37.260You've got to show people how they're working, not promote them, but show them how they're working.
00:14:43.260The supply side tax cut in this massive, massive reorientation of the world's commercial relationships around the United States as a manufacturing superpower.
00:25:32.260Well, you know, Roger is a very kind person.
00:25:36.260And Roger is also far more polite than I am.
00:25:41.260I have had my times going to war with Heritage over the last decade or so specifically.
00:25:48.260I think they actually refused to allow me in the building for reporting on the fact that they were taking a lot of money from the big tech firms some years ago.
00:25:59.260So I have longstanding animosity with them.
00:26:02.260But on the other hand, as people know, you know, I was I was a vocal supporter of their project.
00:26:09.260I'm a vocal supporter of Paul Dan's and the effort he is currently undertaking in South Carolina, by the way.
00:26:15.260And everybody should get behind him there against Lady Lindsay.
00:26:18.260So so, you know, swings and roundabouts for me on Heritage right now.
00:26:22.260The the underlying part of this for me, which I cannot stand, you know, I was walking by their building the day before yesterday.
00:26:30.260And there are leftists just clad like homeless people shouting through megaphones at anybody that they perceive to be a heritage staff or a heritage visitor or a heritage guest or somebody who's in the neighborhood who happens to be a conservative.
00:26:51.260And I look at that happening on their doorstep and I look at the way that they allow their staff to be under siege and allow anybody who is a conservative in the neighborhood to be under siege.
00:27:02.260We know who these people are. We know who these protesters are. We know who's paying them.
00:27:06.260And yet we spend all of this time doing what?
00:27:09.260Forcing the president of the organization to look down the barrel of a camera and atone for a sin that he never committed in the first instance.
00:27:16.260This is this is the remarkable thing about the conservative incorporated movement that you and I and Roger and so many others we have witnessed firsthand.
00:27:27.260You guys, unfortunately, for a little longer than I have.
00:27:30.260But but I have been there with you as long as I could have been.
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00:28:51.260Roger Kimball, one of the things that shows is that as much as the MAGA movement, we've brought new voters in, we've turned this to a working class, working class party, middle class party from the country club establishment.
00:29:05.260It was. But that when you really look on Capitol Hill, there's really just a couple. I mean, they fear Trump and they'll kowtow to Trump like Lindsey Graham will kowtow to Trump to get the endorsement.
00:29:15.260But he's the farthest thing from MAGA. He's a neoliberal neocon to the ultimate extent.
00:29:20.260So that when you really look at people up here that are elected, you have very few. The RNC is not MAGA at all. I mean, it's a little more when Laura Trump is on top of things.
00:29:30.260But Watley's not MAGA. And one of the reasons he's running so poorly in North Carolina, if you talk to the MAGA folks down there, they're just not they're just not enthusiastic about it.
00:29:39.260And, you know, you do have these new institutions. Kevin Roberts is trying to change heritage. He tried to do it in 2025 in the years in the wilderness.
00:29:50.260The reason they hate him is because of that. But conservative Inc. and the Republican donor establishment think we're going to revert back to neoliberal neocon.
00:30:00.260Yes. The Daily Telegraph and Robert Crowley, who's one of the best reporters in D.C., he's a Brit who used to be the Daily Mail is now the Daily Telegraph.
00:30:08.260He had a brilliant piece. Ted Cruz kicked off his campaign a couple of weeks ago because he goes to RJC.
00:30:13.260He's going to get all the big Jewish donors in back of him. He's going to run his Israel first candidate.
00:30:18.260Mike Pence is kicking tires. All the Republican establishment, you know, little Marco, we got this situation in Venezuela that, you know, everybody's trying to figure out exactly what we're doing.
00:30:27.260But the reality is they hate Trump. They hate MAGA. They hate populism. They hate economic nationalism. They hate every aspect of it.
00:30:36.260They'll give us a few things in the cultural side and pat you on the head.
00:30:39.260And they love the fact that you bring out working class voters that they can never get to.
00:30:44.260But they they would rather as they've done for years, they would rather be in the minority where they're feeding off the carcass in the managed decline of the country than to fight.
00:30:55.260These people don't want to fight. They don't want to be turfed out of their private clubs.
00:30:58.260They want to be not accepted to the literary societies they belong to.
00:31:02.260They don't they don't want to be kicked out of the with the kids to be kicked out of the whiffing poofs at Yale.
00:31:11.260Well, I think a little more highly of Ted Cruz than you do, but I believe that to one side.
00:31:16.260And Marco Marco's been, you know, he he has surprised me.
00:31:20.260I think he's been he's been a good spokesman for Donald Trump.
00:31:24.260All I'm saying about Ted Cruz, whether you think Ted Cruz is great, because the constitutional conservative guys are going to get Ted Cruz is not MAGA.
00:31:33.260Ted Cruz never lifted a finger on the invasion of the southern border.
00:34:45.260And I'm, you know, I'm cautiously optimistic, but I'm I've it wasn't just heritage, by the way.
00:34:51.260There is a very similar event happened at the Intercollegiate Studies Institute a couple of days ago when their chairman of the board and and I think president or some other board member suddenly resigned saying this is terrible.
00:35:09.260Well, they've let in all of these these post liberal people who are people like Steve Bannon.
00:35:36.260Was it the invisible hand of of the zeitgeist moving so that the the the people who are on the board at the Intercollegiate Studies Institute somehow felt moved to to make these objections?
00:35:51.260I don't know the answer to that, but I think it's it's kind of a bad sign.
00:35:55.260I think we should insofar as it's possible, you know, stick together and we've got we're going to have a lot of battles in front in front of us to maintain.
00:36:05.260Let's not even call it the Trump agenda.
00:36:07.260It's you know, that's make the make America great again agenda.
00:37:53.260You lost when you sided with the Democrats, trying to get rid of Trump, trying to stop Maga.
00:37:58.260You lost when you were trying to perpetuate the Russia hoax.
00:38:01.260You lost after J6 when you were writing columns in CNN talking about how Trump needed to be removed from office immediately.
00:38:07.260You lost when you backed Mike Pence for the 50th time.
00:38:11.260You know, all of these things happened over and over again.
00:38:13.260And some of these people are just deciding in their late 70s and early 80s to take another run at stopping the Maga movement in its tracks.
00:38:21.260And they will use whatever they can do.
00:38:23.260And, you know, credit to people like Nick Fuentes because he's kind of a nobody from nowhere who's come along and has had this entire movement up in arms talking about him and worrying about him.
00:38:32.260And he's just this kind of performative theater guy who says stupid things on air for clicks.
00:38:37.260And he gets the attention of these people and they go, oh, my goodness, isn't this crazy that somebody might interview him and talk to him and whatever.
00:38:47.260Actually, I will say this as well, Robert Draper, somebody, one of the very few people in this town who I can bear to spend time with over at The New York Times, wrote a very interesting profile piece about Nick Fuentes a couple of months ago.
00:38:59.260So, you know, if you want to control the narrative, if you want to control where politics goes, if you want to control the culture, then it is incumbent upon you to be interesting, to be a leader, to be thoughtful, to challenge the status quo.
00:39:13.260And the problem these people have and have always had is that they are vacuous.
00:39:19.260They are vacuous people. They are devoid of ideas and they deserve the irrelevance in history that they are soon to find themselves with.
00:39:26.260You know, Rahim, the first couple of years we were working with each other, you were very much about Brexit.
00:39:33.260You talked about Brexit. Nigel talked about Brexit. You guys pulled it off.
00:39:36.260It was enormous. You were a critical factor here in the rise of MAGA in this country, kind of from the Tea Party.
00:39:42.260But I say about Fuentes, if you want to see the new versus old and you just see the facts is watch.
00:39:51.260And I should play it here on Word. We've got to figure out when to play in the six o'clock hour.
00:39:55.260Alex Jones had a debate with Nick Fuentes and Dinesh D'Souza.
00:40:00.260And you cannot you see right there the laziness, the lack of argument, the just that they their attitude that they just own this.
00:40:11.260Fuentes takes this guy apart brick by brick. It's a full takedown.
00:40:15.260It's a full takedown because the kid shows up. He's prepped. He's ready.
00:40:19.260Now is he on point and he's always on attack. He happens to have something called facts and he just overwhelms Dinesh.
00:40:26.260Dinesh goes back and it shows you this old guard who has nothing.
00:40:31.260None of their policies have worked. If the policies had worked, why do we have so much?
00:40:36.260Why do we have so much debt that's out of control? And they were part of the problem.
00:40:40.260Why we spread off a hell's half acre and spent nine trillion dollars in Iraq and Afghanistan.
00:40:44.260Why we had a foreign policy and a commercial policy that allowed and paid for the rise of China.
00:40:50.260They were all part of that. They said they're Democrats. That's not just Democrats.
00:40:53.260It's the Uniparty and conservative ink is kind of the clapping seals of the Uniparty.
00:40:58.260They did nothing. They had no fight. They never fought back.
00:41:01.260You go back to that stage where Raheem said at the beginning of the 16 or 17 candidates they had up there against Trump.
00:41:07.260None of those. You can combine all that and they couldn't have beaten Hillary Clinton.
00:41:11.260Their arguments are vacuous. It's really from a land that time forgot.
00:41:15.260This was the problems in New Jersey and in Youngkin's campaign for Sears in Virginia, in the Commonwealth, in the in the governor's race in New Jersey.
00:41:24.260They're running on a playbook that's 1990s. It doesn't work anymore.
00:41:29.260The world has changed because they allowed it to change against America and American workers.
00:41:35.260Remember, H1B is all this. Everything we have up here.
00:41:39.260We had Natalie up last night about all the research is still being paid for by the United States and China.
00:41:44.260The Republicans know all that and they're good with it.
00:41:47.260Conservative Inc's good with it. They might write an editorial in the Wall Street Journal,
00:41:51.260but there are talk about it in some salon in the Upper East Side of New York.
00:41:55.260But that's all they're going to do. They're going to chit chat about it.
00:41:58.260Raheem, can you stick around for the next block, brother, that's yours?
00:42:01.260I want to get into very specifically this piece that you wrote is a warning.
00:42:06.260And remember, we need a mid-course guidance here to get focus and to double down.
00:42:11.260We started with Treasure Day, Joe LaVornier.
00:42:13.260President Trump has done the hard work to date to make possible to return America to be a manufacturing superpower
00:42:21.260with high-paying, high-value-added jobs and economic growth.
00:44:59.260And we know this because we were the guys once, and still are really,
00:45:03.260that were decried as the fascists and the extremists and the crazies and the nut jobs and, you know, whatever.
00:45:10.260Is that there's a reason that people, and, you know, I'm aware that people are put off by a lot of the performative elements of this stuff.
00:45:32.260And you've got to understand why these people have the audiences they have.
00:45:36.260And that's because there are still so many people out there who are left behind, who are feeling more left behind than ever.
00:45:44.260And that brings me on to my piece because we are now a decade in to this populist nationalist project proper, right?
00:45:53.260The things, the balls that we started rolling back in 2012 and 2013 through, you know, from your side of the pond here, Steve, to mine over in the United Kingdom.
00:46:05.260When we went around to the little town halls and the little seaside towns all across the United Kingdom and we looked at what people were going through.
00:46:14.260And we talked to understand, not to talk to create content, but to actually understand and to create a policy platform based on the struggles of these ordinary people's lives.
00:46:27.260And not just ordinary people, right, but people whose families and whose grandparents and great grandparents and great great grandparents and whose entire family lineages have been sacrificed day upon day.
00:46:42.260Whether it's in the mines, whether it's in the wars, you know, wherever it was and whenever it was that have created the world that we live in today and that we take for granted every day.
00:46:54.260And what happened was we saw that they had been shunned, disparaged, spat upon by an establishment who said, yeah, thanks.
00:47:02.260We'll take it from here. You know, thanks for all the hard work of your bloodline, but we'll take it from here.
00:47:07.260We got this now. We don't need you. You know, retire out to a little terrace somewhere off, you know, in some Newcastle suburb.
00:47:15.260We don't need you. And along with the information age came this ability for people like you and I and for those to engage with those people.
00:47:23.260We did it every single morning, remember, for three hours on the old Breitbart News radio show where we had a cross section of society, a cross section of America calling in.
00:47:31.260And I still remember it off the top of my head. Line one, Lewin, Connecticut. Line two, Vinny in New York. Line three, Marianne in Delaware.
00:47:38.260You know, all of these people and they stick in your mind. And there's a reason they do because they told us that ordinary stories of their ordinary lives and how much trouble they were being put in because of the factlessness and the carelessness, the wastefulness of the people who were supposed to be not just their elected representatives, but their leaders to the people, whether they will admit it openly or not, want leadership.
00:48:01.260And as we walk and stagger in to the midterms next year, I'm afraid that we are lacking in this leadership now.
00:48:11.260Well, there is leadership in America, in fact, that leadership is coming from a corporate class that have managed to capture so much of what I call MAGA Inc now.
00:48:20.260Now, people who are not involved in this movement, who weren't there, by the way, when we were in 2013 and 14, building this thing from the ground up, let alone 2016, right, let alone the Brexit movement, let alone going through what you went through, let alone people who have not been, you know, they've not been persecuted for what they've done and what they believe, but they're here now.
00:48:39.960And what are they doing with the power that they have, whether they're working in the administration or whether they're consultants or whatever it is, they are just making moolah.
00:48:47.320They're just in it for the big bucks. And believe me, the bucks are big.
00:48:51.600You know, every single day on Capitol Hill, I go through several different phone calls of people just trying to throw cash around.
00:48:58.140Oh, we need the support for this. You know, we're trying to stop the antitrust people at the DOJ from looking into this, that and the other.
00:49:05.480And they take the cash and they run and they run for the movement. They sell out the people who started this movement.
00:49:11.580And I'm not talking about you and I here. I'm talking about ordinary people again, right, who really started this movement.
00:49:18.180They are really the true inheritors of the Make America Great Again, of the America First movement.
00:49:23.200And so I started to talk in the last couple of days to friends of mine back in Europe.
00:49:27.940And I said, look, we know we went through 2016 together. We're coming on to a decade of this.
00:49:33.820And I think I spoke to like 15, 16 people at length about this, you know, political practitioners, reporters, smart people who have been there a long time, who I've known for a decade plus.
00:49:45.900Almost every single one of them. I think only one of them told me, I'm not really concerned about this.
00:49:51.800Almost to a man, every single one of them said, hey, listen, as goes America next year, as goes the MAGA movement, as goes the Republican Party's successes or failures in the midterms.
00:50:01.680So goes Europe, you know, when I spoke to people from France, I spoke to people from Hungary, I spoke to people from Italy, I spoke to people from the United Kingdom, people all across the continent.
00:50:12.100They all said the same thing is we are very worried that you guys are sleepwalking into a shellacking.
00:50:18.480And as 2016 maybe began with Brexit, you know, in a pure sense, in a pure electoral sense with Brexit and then bounced over and you had you got the Trump wave over here worried.
00:50:32.260They're now worried about it bouncing back over in a negative sense.
00:50:36.240And the problem with it is that whether it's the 50 year mortgages or the $2,000 checks or the bankers or the bank bosses or the big pharma bosses hanging out in the Oval Office.
00:50:49.140People just don't feel like that we're walking into next year in a position of strength.
00:50:58.020People who have followed us for a long time and have followed my work for a long time will probably realize much perhaps to Roger Kimball's chagrin is that I actually do like inter-Nissan warfare.
00:51:07.340I actually shine when it comes to pointing the light on our side and saying we're getting this wrong.
00:51:30.160And we take the fight to them every single day.
00:51:32.380But the fight against the negative elements and the nefarious elements on our side is something that I will always be proud to fly the flag for.
00:51:40.540And this is what this piece is really about.
00:51:42.380They have almost taken over the whole thing.
00:51:44.660And it is upon us to grasp it back, to wrestle it back.
00:52:38.660He's our wise man, a former CIA, Pentagon, and White House advisor with an unmatched grasp of geopolitics and capital markets.
00:52:45.760Jim predicted Trump's Electoral College victory exactly 312 to 226, down to the actual number itself.
00:52:55.640Now he's issuing a dire warning about April 11th, a moment that could define Trump's presidency in your financial future.
00:53:03.240His latest book, Money GPT, exposes how AI is setting the stage for financial chaos, bank runs at lightning speeds, algorithm-driven crashes, and even threats to national security.
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00:53:21.500This is Jim's flagship financial newsletter, Strategic Intelligence.