Episode 5058： The Execution Of Trump's Economic Revolution
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Summary
On this episode of War Room: The Podcast, we hear from Treasury Secretary Steven Mnuchin, who joins us to talk about his recent trip to the Twin Cities. We also hear from the mayor of Minneapolis, Betsy Hodson, and the governor of Minnesota, Tim Walz.
Transcript
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So we're lowering that to 3,000. And we're also targeting the two counties here. And we're going to do enhanced surveillance. And from now on, anyone who wires money out from one of these money service businesses has to check a box saying whether they are on public assistance. And if you were on public assistance, we are going to start pushing that you cannot wire money out of the country.
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Oh, gosh. And what if they lie and they don't tell us they're public assistance? Well, then... That's a crime, lying on a federal form. We're going to follow it up. And we are going to push that you can no longer do that. The American people, our generosity has been taken advantage of. Our generosity is funding al-Shabaab in Iranian interest, it could be. Well, the money... This is really bad. The money is supposed to go for alleged asylum seekers and their families and children. And if you were wiring the money out
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of the country, one of two things must be true. You are getting too much money and your benefits should be cut. Or you are part of this conspiracy. Where did that money come from? We're going to find it out. That's what Treasury does. IRS has a group called Criminal Investigations.
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President Trump is committed to restoring accountability to put Minnesota back on the right track. Under President Trump's leadership, the entire administration is focused on delivering results for the American people. Our citizens have a right to know that their tax dollars are not being diverted to fund acts of global terror or to fund luxury cars for fraudsters.
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Democratic Governor Tim Walz has allowed welfare programs and fraud to spiral out of control. Billions of dollars intended for hungry children, housing for disabled seniors, and services for children with special needs were diverted to people who cheated the system, some of whom are not even American citizens. At Treasury, we are thoroughly investigating the fraud, including funds and fraud.
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sent to Somalia through money service businesses, which provide financial services outside of a formal bank.
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And where do people like that go to share the big line?
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I wish, in my soul, I wish that any of these people had a conscience.
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Ask yourself, what is my task and what is my purpose?
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If that answer is to save my country, this country will be saved.
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I wish in my soul, I wish that any of these people had a conscience.
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Ask yourself, what is my task and what is my purpose?
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If that answer is to save my country, this country will be saved.
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saturday 10 january year of our lord 2026 uh we're going to get to in a moment
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uh what is happening in minneapolis also grapevine texas this amazing uh conference we
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had yesterday topped off by gert builders glenn beck uh and myself uh grant stinchfield and others
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about uh the ismalization of texas we're going to get to all that in a moment and also talk
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to you about the launch of war room texas on monday but first the secretary of treasury joins us
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you know i talk about last night in my speech in grapevine the tale of three cities tehran
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minneapolis and grapevine texas but uh scott with you mr secretary it's really two tales of one city
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uh we had you there and we covered this wall to wall your your amazing speech i think to the
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economic club to talk about the economy then you toured various factories you had round tables
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you stayed there for two days you had the great laura ingram out there with you incredible interview
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and laura showing enormous bravery uh you know dealing with that mob out there but can you just
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give me your assessment and and right there at the end spontaneous combustion in a restaurant
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where the good citizens of minneapolis i think are telling us hey this is the guy that's trump's guy
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on the economy and we're kind of liking what we're seeing and i don't remember i think the first time
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in the history of the republic maybe it happened to hamilton back at the beginning i don't remember
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anybody in any audience or or just customers basic americans decent americans breaking out
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in usa chants when a secretary treasury walks into a restaurant just tell us the the two tales of one
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city because we saw following you one and then we had the posobics out there and julio and others
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with these riots and then last night couldn't have gotten more dangerous a thousand antifa surrounded
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the hilton broke into the hotel i mean really kind of potentially wanted to hold the ice agents hostage
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your thoughts sir steve good morning good to be with you and look what we're seeing out here is
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what's going on in larger america it's a tale it's a tale of two americas we've got people who gather for
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college football every saturday go to church on sunday and then we got these protesters who have
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nothing to do except attack ice agents whether it's in portland or minneapolis and i can tell you
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there is this big silent majority big big silent majority when i was in maynard's restaurant on lake
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wasetta the uh and or lake minnetonka and spontaneous combustion people started uh chanting usa and that
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wasn't for scott besant the treasury secretary that is for the mega movement that is for the trump
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presidency they love what's doing what's happening they see that the economy is getting better they see
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that president trump has saved this country and they like his policies he secured the border he's made
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free trade fair trade and now this year we are going to see the economic benefits and it is it couldn't
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be different minnesota nice was taken advantage of my sense is that the people of minnesota having been
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very generous are now feeling abused and used and they want answers
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mr secretary i noticed in the time i've known you as a friend you've been a colleague and a contributor
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here known you for years and then going to be treasury secretary running this huge hedge fund
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um i i want to go through what message did you tell the business leaders and and the companies
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and you're a listener what feedback did you get from the business community of uh minneapolis and
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the different entrepreneurs you went around and saw what what feedback did you get any mid-course
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guidance any recommendations what are the folks at minnesota tell you
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well folks folks out of minnesota the business people here we are in the great american industrial
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heartland and it's the exact uh kind of businesses that president trump is trying to bring back there are
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gigantic family-owned businesses here and tim tim waltz and almost a generation of democratic politicians
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have taken advantage of the fact that these folks are not mobile that they their families have been
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here maybe multi-generational maybe they they moved here in the 70s 80s 90s uh up until the early 2000s
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minnesota was business friendly now it has the second highest corporate tax rate in america uh they are
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feeling uh besieged and they think that the government isn't on their side i i was at a a very very large
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home products factory uh factory called cambria and uh the owner there could not have been more
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grateful for the tariffs and he said there's still more to do on trade that if we could bring his
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southeast asian competitors into fair trade that he could have three to four more factories the size
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of his to supply the u.s building industry but he says that whether it's chinese the indians the other
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southeast asian competitors uh keep copying his products and trying to undercut him and president
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trump has helped save his company and saved i believe it's 1800 jobs here so we're hearing the
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same thing from everyone uh they love the one big beautiful bill the expensing 100 expensing provision
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has made new investment possible i was at winnebago and i i i guess the uh they are very innovative
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they are trying to design what what their customers want a lot of that has to do with batteries and
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they've undertaken a big battery initiative uh research development center down in florida and they
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would not have done it without the president's 100 percent immediate expensing uh that was in the
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july 4th bill so we've just got to sit back the manufacturing renaissance is beginning i saw i did a round
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table with community banks i saw the largest bank out here u.s bank corp and they they said contrary
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to the new york times and even the wall street journal this morning that their clients uh all up and
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down the economic chain are in excellent shape consumers are spending so this narrative that the job
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market's tough and that people are pinched uh they've never seen it before if the consumer is spending
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like this what is the the the wall street journal seems to are they looking at a different set of
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numbers because they've been consistently i think negative on on everything that's happening i mean
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i look at the math and i come to a very different conclusion they they look at i think the same math
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that you and i look at they come to a different conclusion how do you how do you reconcile that
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look steve that in any any data set uh is an average or you know median a central tendency
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and there are there can be outliers in the data they just immediately gravitate you know to this
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doomsday scenario because the wall street journal editorial board can't stand the president's policies
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bunch of grumpy old men over there do not want to admit that they have been fantastically wrong
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everything that they have stood for uh you know is crumbling that they created this terrible trade
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situation i mean look look steve in october we had the best trade number the best the smallest trade
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deficits since 2009 i've been in the investment business 35 40 years when i first started 1980s 1990s
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trade used to contribute to gdp but then we got to these massive trade deficits and it was ross perot
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said it was a giant sucking sound so everyone was oh my gosh what is it was unexpected that the gdp
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was so strong in october it was strong because of exports and again what's not going reported
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anywhere is that the trade deals that president trump has done and jameson greer has negotiated the
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details in a magnificent way magnificent way is the headline is always the tariff the u.s has put a
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15 tariff on europe 15 tariff on japan 18 19 20 on philippines indonesia vietnam the other side of that
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ledger steve is why we saw that big gdp number because jameson is going in with a machete and with
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president trump's backing and insistence our trading partners are taking down their high tariffs down
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to zero they're removing the non-tariff trade barriers and the that's why we're seeing this
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export flow pick up and nobody wants to talk about that the the other thing too is as i've said many
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times that the trump economic oh go ahead no no no well just one thing when the trump economic the day
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and i want you to read just they had exports up 30 percent imports down 30 percent smallest trade
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deficit we've had in decades and the financial times of london and the wall street journal will
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just not take that basic number and just address it also the tariffs there's been no uh there's been
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no data at all the show there's been any price increases joe lavarney said your your guy over
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treasury uh we're about to have a a disinflationary boom which is extraordinary i tell you scott hang
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on for one second mr secretary we're gonna go to commercial break to pay a few bills here
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the trump economic plan which is a combination of the supply side tax cut to bring manufacturing jobs
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back to the united states coupled with his trade the reorganization of commercial relationships
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globally from the post-war economic rules-based order which only ripped off workers and the american
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citizens uh that now the tariffs as a forcing function remember either going to force you to
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bring manufacturing jobs back here remember we had the secretary on i think about a month ago right
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before i think the christmas holidays he was in south carolina uh of i believe a germans had put in
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some advanced uh technology i think was in magnets right that's what that's what the tariff for and now you
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see that exports are up 30 percent imports are down 30 percent there's no discernible inflation through
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the tariff numbers what's not to love this is the execution of the plan and this is why
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the doom and gloomers at the wall street journal the financial times of london the business section of
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the new york times bloomberg uh i'm just picking some random random examples short commercial break
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we're going to return to the war room and the secretary treasury scott besant
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on some basic math of the trump economic revolution next
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mr secretary you were you were uh on a roll there about what the uh what the trade policy has done
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in combination i mean that's the two that's the pincer move you got the commercial relationships
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the trade policies what what's blown me away is uh first off just the history of it then the first term
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how difficult it was because these things are so complicated they're such scale and they've gone
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through you know so many different uh operations and the government have to sign off on it i don't
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think people quite appreciate the urgency you people had to actually start to get trade deals in place
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in six months and actually start to see the benefit of normally these things take years it took years to
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negotiate previous trade deals with korea and japan and others you guys are doing them in six seven eight
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months and having them going to immediate impact and then monitoring it and you're seeing not just
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capital markets respond but also corporations respond sir
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steve president trump's economic agenda is a three-legged stool that i've talked about quite a
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bit before so the first is trade we've talked about that uh trade trade deals are on track successful
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percolating along uh tax tax policy another leg of the stool one big beautiful bill no one said it
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could be done it was done by july 4th that with president trump's leadership and mike speaker johnson
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leader thune uh pushing both bodies of congress to get that done so check and then three the
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unheralded uh part or the third leg of the stool is deregulation and deregulation against all
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parts of the economy because when i'm out here in minnesota these folks like making things like this
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is a manufacturing hub they are great at it they innovate they they build and that's what they want
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to do and with the deregulation i think one of the surprises for me coming into government was how hard
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we had made it in the u.s to build things like like forget the unfair trade the epa had just chased
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everyone out of the country the in terms of the manufacturing so yes it was cheaper to build in china
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or india mexico but you just couldn't build here and president trump lee zeldin at the epa is knocking
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down those barriers at treasury we have the cut back on unnecessary financial regulations we're going
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to keep things safe and sound but oliver wyman estimates that our moves in deep financial deregulation
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have the the increased the ability to for banks to lend by 2.5 trillion dollars to the u.s economy
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and then energy deregulation in terms of what we're doing we've got to power this boom that we're seeing
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in the economy steve right now if you take the atlanta fed gdp now and the inflation numbers we have
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eight percent nominal growth eight percent nominal growth we're holding spending flat and we are
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going to grow our way out of this debt problem the unheralded thing that happened last year was we'll
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see where the final calendar year number settles but the u.s deficit for calendar year 2025 is going to be
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between 250 billion and 500 billion lower so between approximately one percent of gdp and one and a half
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percent of gdp and that's with high gdp numbers so the third quarter gdp that surprised everyone was
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4.3 percent the private sector gdp was 4.7 or 4.8 percent we cut government spending so we had a
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contraction in the government and the private sector boom is powering this thing it is the you
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know it really is kicking in and i think 2026 is going to be even better because i'm also the irs
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commissioner so i can see the tax refunds that are waiting to go out to americans we one of the things
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i announced at the economic club of minneapolis was we're starting the tax filing season about the
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earliest we've done in a decade january 26 and these refunds to working americans because of the
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president's signature policies no tax and tips no tax and overtime no tax and social security
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auto deductibility of american-made cars is going to result in over 100 billion maybe 150 billion of tax
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refunds going to working americans in the first quarter americans will change their withholding
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schedule and they will get an automatic bump in their take-home pay so i am very optimistic that
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we're going to have substantial non-inflationary growth as joe lavornia says they have for 2026
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i notice the president is taking a pretty strong populist
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drive in the last couple of weeks i mean he is a populist but going after
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talk to me about it looks like the private equity uh guys no longer he's going to try to block them
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from buying uh homes getting into the real estate market maybe i think condos and apartments maybe
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also uh yesterday he said he's going to limit credit cards to 10 percent he had the oil companies
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there but talk talk about venezuela but he's also hammering them jawboning them about full spectrum
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energy dominance he wants he wants price of energy even to come down more talk to me about these things
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that are happening right now that president trump's directly going after the affordability issue
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uh yeah look he he wants corporate america to get on board with the american people
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and think about what's happening in venezuela we'll see what happens in iran and um he he had mostly big
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oil in but i i can tell you that i've been part of the talks uh private oil companies the wildcatters
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and you know these are substantial individuals they are chomping at the bit to get in um and
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ceo of exxon came out and said well we need to see substantial change in venezuela before we can
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do much there is substantial change in venezuela and you've got to live in the future because what
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will happen just like with fracking just like with fracking that the individuals come in they make
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billions of dollars and then they sell on to the oil majors so i think this narrative that the big
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oil won't be involved these wildcatters are big oil and then chevron who has been a fantastic partner
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uh over the years in dealing with venezuela with the sanctions they've really managed a difficult
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regime really well uh is going to do more so my my sense is that chevron will have the lead
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there so and and then you know these other initiatives uh of course private equity should
00:24:10.720
not be buying single family homes they have a huge tax advantage over individual buyers and
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everyone says well it's not that much of the market i've been in markets 30 or 40 years and markets are
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made by the marginal buyer and many of the uh real estate markets that have seen the most inflation
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whether it's atlanta phoenix a lot of those southeast markets and western markets are where private
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equity is most prevalent so we're not going to make them divest we don't want to cause a dramatic
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price decrease but we we want to make it fair for everyday americans and we don't want there to be a
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tax arbitrage between corporate buyers and homeowners
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by the way you're correct harold ham was saying hey let me in the country and i'll show you
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i'll go find you some good old cheap old denisuela uh mr secretary uh about this debacle in in
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minneapolis i think it's spread it's all over the country this thing about uh the fraud uh the the
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scams really paying for the left but you know these immigrants or migrants whatever you want to call
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them shouldn't be on the government dole but they are stealing like crazy shipping hundreds of millions
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of dollars out uh i know the president you have talked about that a lot you're kind of the enforcer
00:25:31.260
can you give us your overview of what you at treasury are going to do sir
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steve treasury's job is to follow the money and we've done it the for centuries and in the 20th
00:25:45.380
century and coming coming into the 21st century we've taken down the mafia we are in the process of
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uh the dissecting and taking apart the mexican drug cartels following their money and now we are
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taking uh a very bright light to these somali fraudsters and we will follow the money we will know how this
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happened uh we will know where it went we will know that if al-shabaab uh was a recipient so um and we've
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taken several measures uh one uh we are putting in a geographic targeting order for the hennepin and
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ramsey counties minneapolis st paul's uh where that where these somalians live a lot of the money goes
00:26:31.640
out through what are called uh msbs money service businesses they get wire transferred out so what
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we've done we are taking the suspicious activity threshold down from ten thousand to three thousand
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dollars and steve the important thing now you have to check a box if you are wiring money out of the
00:26:49.800
country on whether you are on public assistance or not because if you are wiring money out of the
00:26:56.040
country and you're on public assistance one of two things must be true your benefits are too high
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because the generous people of minnesota are giving you those benefits for you and your family
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they are not giving them the to your uncle in mogadishu so either the benefits are too high or you are part
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of this the nest of fraud and uh neither is a good look but we we are going to trace all these llc's
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and where the money is someone put it very very well yesterday said that the care payments have become
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a big business it is a cottage industry out here teaching people how to form llc's they're skimming
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money at every point and make no mistake the democratic establishment best case they turned a blind eye the
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medium case they enable it and worst case uh we are going to find that they are recipients
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and steve minnesota is going to be the genesis for the protocols that we use nationwide
00:28:13.240
mr secretary where do they go on social media to keep up with you and your activity sir
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they they can go on to my treasury x account and the at the secretary
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uh u.s treasury and we we're going to be posting a lot of our findings on there
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mr secretary thank you for kicking off the weekend by joining war appreciate you sir
00:28:43.320
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okay we're going to get to texas momentarily in minneapolis tehran all of it but i want to
00:30:34.440
i got john gardner on here john it was a uh and you represent you've got this organization about
00:30:39.160
small manufacturing you're talking about a small manufacturing renaissance in this country
00:30:43.960
you've been part of the peter navarro let's say mindset on bringing manufacturing or rejuvenating
00:30:49.160
manufacturing in the united states it was a year ago tomorrow that you approached you had the great
00:30:55.480
idea of the external revenue service now the president has had that designated they're working
00:31:01.000
on it over at treasury and uh the president's talking about a trillion dollars coming in on
00:31:05.080
tariffs so you you think you've had a pretty good first year sir okay yeah i think we've had a great
00:31:10.680
year especially you know the business media casts a light that oh we rate we have 2.2 trillion dollars
00:31:18.200
paid in income tax and that's too much to replace however the thing that stands out to me is that 600
00:31:23.800
billion by 2022 numbers is what 90 percent of the lower uh income taxpayers pay in america imagine
00:31:31.160
replacing 90 percent of the income tax that americans pay how much that would help the working families
00:31:38.600
in the middle class and i'm with you steve i think you've called for hey taxes on millionaires are
00:31:42.840
okay but let's help the working class and uh the the people trying you know where an extra 500 bucks
00:31:48.680
a month really gets them a lot farther and we can replace 600 billion of that easily and you know
00:31:54.680
i want to remind the president here he posted this on truth uh last year uh where he said he was
00:32:00.680
creating the external revenue service on january 20th 2025 and that for far too long we have taxed our
00:32:07.160
great people using the internal revenue service and he's really trying to steer america back to the
00:32:14.360
original vision the founding fathers had the founding fathers never intended for the citizen to be an
00:32:19.880
indentured servant to the government and they proved this income tax was never a conversation with the
00:32:25.640
founding fathers ever uh the very first legislative act they passed was the tariff act and they passed on
00:32:32.360
july 4th which had a lot of meaning for the founding fathers independence day and that first
00:32:36.360
major piece of legislation said whereas it is necessary for the support of the government for
00:32:40.840
the discharge of the debts of the united states and encouragement and protection of manufacturers
00:32:44.920
that duties be laid on goods wares and merchandise imported so they never had a plan to punish the
00:32:51.560
the the citizen and garnish their wages and i want to ask the audience who may believe in you know uh be
00:32:58.440
anti-tariff um what is a truly more limited government what provides more personal liberty to the
00:33:04.920
citizen it's been pitched to the american people that when you go to the store and you can choose
00:33:09.560
from chicon products or products from india and you don't pay a tariff that's more personal liberty
00:33:15.400
and you have more freedom of choice but i say and president trump is going to say and prove that you have
00:33:21.640
more freedom of choice when you can choose hey i'm going to buy a foreign good and i choose to be taxed or
00:33:27.320
i'm going to buy an american-made good and choose not to be taxed and not pay income tax that is a truly more
00:33:33.480
limited government when we remove income tax on the citizen and we pay our bills with external
00:33:39.640
revenue and i you know you know what is more freedom of choice buying something and saying i
00:33:46.120
choose to be taxed or buying an american-made good and say i choose not to be taxed and not have income
00:33:51.640
tax and so that's why i believe external revenue and tariffs actually are more limited government and
00:33:57.800
they actually are more personal liberty for the citizen and on the note of personal liberty the 16th
00:34:01.800
amendment which created income tax has no boundaries on it the 18th amendment was passed uh prohibiting
00:34:10.360
alcohol or it would and we repealed it and the main reason we repealed the the prohibition on alcohol
00:34:16.760
was because personal liberty and i think it's time we start to look at putting some parameters on the
00:34:21.320
16th amendment and its intrusion in the citizen's life uh and and uh i think you know what fascinates me
00:34:28.840
the most steve is how did we get you know andrew breitbart said uh politics are downstream of
00:34:34.840
culture and how how did we get to the point in america where you know this is a 1919 ad uh from a
00:34:41.160
toy maker and he says for your country's sake buy american-made toys be a partner of uncle sam of all
00:34:47.000
american industries see that your money is helping american grow buying foreign toys won't do it that way
00:34:52.760
your money goes overseas and doesn't come back by insisting on american-made toys your money stays
00:34:58.280
here every bit of it to work for your own country and for you but now we're at the point in the
00:35:04.200
business culture that we have a toy maker suing the president and his administration because of
00:35:08.280
the tariffs and now it's in front of the supreme court where is the patriotic and moral fiber of
00:35:14.280
the business culture in our america and i believe it was eroded with this embrace of unilateral free
00:35:19.800
trade now i believe in free trade within the borders of our nation unilateral free trade and i
00:35:25.720
will i it means that no matter what another country does to us no matter how much they tariff us no
00:35:30.920
matter uh how much they steal our intellectual property we do nothing and this was advocated for
00:35:36.520
and and this is where the cultural disconnect and we need the next generation the turning points and the
00:35:41.400
prager use and all the the next generation to get this cultural shift away from tariffs are bad and
00:35:48.520
there let there be no doubt that milton freeman when he called for no tariffs he called for you
00:35:53.880
know no unilateral tariffs he says this is capitalism freedom page 88 i believe it would be far better
00:35:59.400
for us to move to free trade unilaterally and he went on and on about no matter what another nation
00:36:04.920
does but he didn't calculate what is the true cost of unilateral free trade he didn't calculate the
00:36:10.840
cost of national security the cost of intellectual property theft with communist china which is the
00:36:16.520
greatest transfer of wealth in the history of civilization the cost of our uh uh you know
00:36:21.640
cities dying uh you know the meccas of of industry dying and having the societal cost of paying for
00:36:28.360
homeless people and paying for drug rehab clinics those were not factored in the the cost of supply
00:36:33.480
chain issues and so you know i i think that we need to change our definition of free trade and unilateral
00:36:40.200
free trade to america first free trade and america first capitalism in my book i define america
00:36:45.880
first capitalism as a production-based economy protected by a wall of tariffs accompanied by
00:36:53.240
free trade only within our borders and the last note because i don't want to go on too much is
00:36:58.040
you know free trade really erodes the freedoms that capitalism builds unilateral free trade does
00:37:03.480
so much so in fact that karl marx encouraged free trade in his 1848 speech on free trade karl marx said
00:37:11.080
the free trade system hastens the social revolution it is in this revolutionary sense alone gentlemen
00:37:16.600
that i vote in favor of free trade free trade breaks up old nationalities and pushes the antagonism
00:37:22.760
of the proletariat and the bourgeois to the extreme point is that is that not what's happening in america
00:37:27.080
today and under free trade the whole class of small manufacturers is ruined and thrown into the ranks of
00:37:32.920
the working class this is a direct quote from karl marx this is all happening in america today and
00:37:38.760
and and you know it's it's no one who cares about america should desire the ruin of the whole class
00:37:43.480
of small manufacturers so people who side with unilateral free trade or siding with capital karl
00:37:48.520
marx because he thought free trade would hasten the fall of capitalism so um i'm really excited to
00:37:54.600
see how president trump's steering us more in alignment with the founding fathers vision for america
00:37:59.320
and away from the economist dogma that has really how do we yeah nope go ahead real quickly because
00:38:08.120
we've got great you know we got 30 percent export growth 30 percent import drop the smallest trade
00:38:14.680
deficit we've had the big guys are on board how are we going to revolutionize for the small what i love
00:38:19.880
about you is your renaissance of american industry and manufacturing through i think people that have
00:38:27.240
factories with 50 employees or less manufacturers to the way the country used to be in these little job
00:38:32.440
shops how do we how do we rejuvenate that well the the numbers are 90 of uh uh american manufacturing
00:38:41.960
companies are 50 employees or less 75 or 20 employees or less and and and this is the one that always
00:38:47.640
gets me 48 of american manufacturers are five employees or less and that's really you know president
00:38:53.960
trump uh just kind of said no dividends and no ceo uh pay for the the big primes and and because he was
00:39:01.240
wants them to speed up their production and that's great i i i agree with that but where where their
00:39:07.720
snap where where their the bottleneck is in the supply chain is with the small manufacturers because
00:39:13.000
they're the tier two three and four suppliers that the big companies rely on the big companies a big
00:39:17.400
factory doesn't they don't make everything they don't make all the inputs that go into their stuff
00:39:21.240
and so you know secretary hegsteth was just out here touring the big factories in el segundo and around
00:39:27.320
and there doesn't seem to be a understanding of what the small manufacturers need and that they are
00:39:33.720
the true engine of uh production in america and uh you know what what we need is access to capital
00:39:41.160
you know the sba i'm sorry to say i i i don't like to say negative things but they really haven't done
00:39:46.840
much for the manufacturers they increase the line that you can get from five million to ten million which
00:39:51.480
a lot of guys that are five and twenty man shops don't need uh they waived fees if you're in a
00:39:56.200
certain nace code for borrowing big deal it's 10 20 grand amortized over 25 years and they have this
00:40:01.720
new loan the mark loan which basically just has manufacturing the title it's the same as a former
00:40:07.000
cap line loan and here's the biggest thing it needs lender adoption that's the biggest thing sba can do
00:40:12.600
everything they want but lenders need to adopt agree to lend with like this and first it needs to pass
00:40:18.840
congress so we're looking at a year or two out that's going to be three quarters of the way through
00:40:23.080
the administration we need to do something now to get capital to the smaller manufacturers and and
00:40:27.880
some of the um policies have you know we need to build refining capability here in america because
00:40:34.760
material prices are going through the roof for the manufacturer and i i know for a fact from a
00:40:39.800
lot of my guys there it's limiting hiring within industry um you know manufacturing employment's going
00:40:45.720
down uh manufacturing industry itself has been in contraction for the last 10 months i'm sad to say i think
00:40:52.040
a lot of i think president listen president trump is doing his job he's building he's getting us
00:40:56.920
cheap energy he's out there getting rare earth deals he's getting the the foundational building
00:41:02.040
blocks for a manufacturing economy in place he's only one guy he can only do so much the rest of the
00:41:07.960
administration needs to follow his mandate and really understand that if we want to get
00:41:11.800
manufacturing going it's the smaller guys but you know president trump is the man is do as a person is
00:41:17.480
doing his job he can't do anymore but i think there's a i mean how many voices in the administration
00:41:22.920
are for small manufacturers i mean you know how many of them have owned small manufacturing companies
00:41:28.600
not c-suite john deere guys then they don't listen uh you know i me and friends try to approach the
00:41:35.400
administration and there's there's one quote i don't want to sell out a friend but basically a friend
00:41:41.240
of mine who has a critical aspect of american manufacturing critical critical was told you
00:41:47.640
know loans from the government to his facility were communist so there again it's the free trade idea
00:41:52.760
the government shouldn't pick winners and losers when it comes to industry but it's okay to pick
00:41:56.440
winners and losers with farmers it's okay to give argentina 20 billion dollars it's okay to you
00:42:01.640
know give other countries foreign aid but hey we gotta we gotta be careful when uh when we're
00:42:07.080
helping manufacturers because we don't want to look like communists which most of the countries
00:42:11.400
subsidize their manufacturing industry so uh i don't know if that answers your question c but you
00:42:16.040
know we really need the administration to start listening to us and some of the things that john
00:42:21.560
john where can people go and get more information on um on everything you're talking about people
00:42:26.200
were quite a website topic particularly the rejuvenation of small manufacturing where they go
00:42:31.160
uh john gardner author.com and on x getter and instagram john gardner v o h and uh my new website
00:42:40.760
thank you brother appreciate you thank you steve thanks for having me on it's john gardner what
00:42:46.120
hold on where's what's the new website i want people to go to it and check it out john gardner author.com
00:42:51.480
thank you brother appreciate you great work the rejuvenation the next phase is the rejuvenation of
00:42:59.960
small manufacturing like john said what is it uh 90 percent of manufacturers in this country are under
00:43:08.680
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in the world going to texas next uh amazing amazing event yesterday got a bunch of texans here to talk
00:44:11.480
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rickardswarroom.com rickardswarroom.com you go there you get strategic intelligence based upon predictive
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analytics do it today right now rickardswarroom.com war room here's your host steven k van
00:45:30.600
brian harrison joyce so brian we had this event we're going to play clips at the top there i want to
00:45:40.200
thank real america's voice patreon mobile everybody that put this on uh from grant stinchfield to
00:45:45.640
everybody uh americans a freedom american freedom alliance karen but you know there's a primary on the
00:45:53.000
third there's this uh proposition on the ballot ban sharia law uh from texas however i thought sharia law was
00:46:01.240
already banned and i thought the muslim brotherhood and care have already been designated as terrorist
00:46:06.440
organizations so what's the hubbub bub well you got it half right you know the governor governor abbott
00:46:14.360
very correctly did designate uh care and the muslim brotherhood as terror organizations that's the
00:46:19.960
correct thing to do i'm grateful he did did it absolutely um as to the uh the i i you would be
00:46:27.000
forgiven for thinking that texas has banned sharia law because there has been no shortage of gaslighting
00:46:32.280
coming out of the austin establishment uniparty for a long time putting out public proclamations that
00:46:38.120
texas has banned sharia law the only problem with this is that uh i'm in the legislature i i know the
00:46:45.000
laws we have and that we vote on and um yeah there is no such law that has been voted on
00:46:50.360
really at all and in fact it gets worse you know people talk about this this sharia compound down
00:46:54.840
here that's going up this epic city um and they they bragged that we passed a law to ban epic city
00:46:59.880
you know the problem with that though steve in the law to quote ban epic city there was an exception
00:47:06.280
put into the law to exempt epic city so yeah so the problem is we've got a bunch of performative
00:47:13.640
theater going on down here in the run-up to the primary and texans don't want rhetoric they want
00:47:18.760
results so if we're going to designate care and muslim brotherhood as as terror organizations which
00:47:22.680
they should be let's let's have some investigations where are the arrests if we're going to say that
00:47:27.960
the position of the texas government is that we have banned sharia law the most important thing
00:47:32.280
people might take away from this interview is that texas hasn't banned sharia law but we could and so
00:47:37.240
i actually think the texas legislature because the texas people demand actions not just rhetoric uh we
00:47:42.520
should start doing things right now we should do uh oversight we should have legislative hearings
00:47:47.560
to help educate the the texans who may not understand the truth that we haven't banned sharia
00:47:52.040
law and the threat from sharia law so we should have legislative hearings and we should start doing
00:47:56.120
it right now we shouldn't wait a couple years texans deserve action and they deserve it now
00:48:03.720
let's go back to this this this speaks to a larger problem and i want to pull the camera back just for
00:48:10.600
a second because it's the same thing the frustration the mega base on with capitol hill what i call the
00:48:15.480
duma right it's not a congress anymore it's the duma it's politics as performance art yeah it's to do
00:48:22.120
this is all it's all performance art and then it it only doesn't change it actually gets worse because
00:48:29.080
the theater kids have put up the performance and people say hey that's been taken care of they
00:48:32.920
talked about that we did that you let's get on to a new problem sir no that's exactly right i mean
00:48:38.840
they do the absolute bare minimum that they think they have to do to get away with it because the
00:48:43.640
only thing they care about most elected officials is their next re-election they don't care about
00:48:48.360
the voters they forget about the voters the second they get elected and the problem both in the u.s
00:48:52.920
congress by large and the texas legislature which by the way still lets the radical leftist
00:48:58.200
marxist progressive democrats completely control the texas house of representatives they still elect our
00:49:03.560
speaker the democrats um what they do is they they've turned their backs on the people they're
00:49:08.760
supposed to work for to embrace popularity complacency and comfort in the swamp and so
00:49:14.760
they pass you know a bill that might have a good title or headline but the reality is the substance of
00:49:20.520
the bill either doesn't do what it's supposed to do or it actually undermines the objective goal
00:49:26.040
here and the reality is that the elected establishment in the texas government for far too long has been
00:49:31.320
telling the voters they're going to stand up to the radical leftist but they've actually been
00:49:34.840
empowering them and texans have been lulled into a sense of complacency by many elected republicans
00:49:39.880
assuring them that the problem is solved and mailers are going out all across the state of texas right
00:49:43.720
now misinforming people saying we have banned sharia law and the gaslighting has got to stop and the
00:49:50.520
only way we've been able to deliver real conservative victories you and the posse know this better than
00:49:54.440
anybody is when we hold the establishment's feet to the fire congress has made itself largely
00:49:59.560
irrelevant and the texas legislature has made itself largely irrelevant in the sense that we're
00:50:04.360
not doing real oversight for example we're still funding the lowest hanging fruit here we should
00:50:09.080
stop funding radical violent islamist organizations that have ties to terror
00:50:14.360
affiliated organizations that advocate the overthrow of the united states and unfortunately
00:50:18.840
we have tens of millions of dollars at least likely going to these to these organizations and
00:50:24.280
we should stop doing things like that we need we need less theater more action more results because
00:50:29.880
the stakes couldn't couldn't be had the videos you're seeing coming out of what happened in london
00:50:33.560
with the results of unchecked mass migration that could absolutely happen here in texas and the
00:50:38.920
austin swamp they're trying to silence my voice and trying to take me out in seven weeks and
00:50:42.680
trying to take out anybody who demands accountability and is able to go directly to the american people
00:50:48.600
and the people of texas like the posse like you do steve and demand results not just rhetoric and
00:50:55.080
that's why we got to start doing more legislative oversight legislative hearings let's go let's have
00:50:58.840
special sessions there's no need to wait till next year to start debating something that maybe we'll
00:51:02.440
do in two years let's get action on sharia law in 2026 texans do not need to be forced to wait
00:51:08.920
two more years and quite frankly texas nor america can afford you know
00:51:11.720
are you notifying the speaker i mean how do we get the oversight the special session will come
00:51:17.560
later but how do you get the or how you get the oversight immediately so you can have hearings that
00:51:21.240
are public and the folks in texas can see what people actually say when they're there in in front
00:51:26.520
of you guys that's a great question so yes i will be formally uh submitting a request to the speaker
00:51:31.480
and most of the time people do this very quietly uh you know under the radar i don't intend to be
00:51:36.120
quiet about this uh i intend to be very public that both the texas house where i serve but also
00:51:41.080
the texas senate could do this too the texas legislature must get its head out of the sand
00:51:47.800
and right now in the next couple months we need to start having very public televised public
00:51:54.520
legislative oversight hearings on the threat posed from radical jihadists on the threat from the
00:52:01.320
massive expansion of sharia law and possible sharia compounds and no-go zones in the state of texas
00:52:09.720
so there's no reason that they should not do it and i'll tell you right now steve uh i look forward
00:52:14.040
to talking to you about this as we go forward because the only way that's going to happen
00:52:17.320
and i'm going to be as loud about this as i possibly can as an elected member of the texas
00:52:20.920
legislature but the only way we're going to do this is the same way we knocked off the president of texas
00:52:25.240
a&m ended the biggest dei program stopped illegals from registering vehicles it's if the grassroots
00:52:30.600
freedom-loving patriots and the posse melt the phone lines of the establishment under the corrupt pink
00:52:36.280
dome in austin in demand action but you know what steve we've had a lot of successes just in the
00:52:40.680
last uh several months and there's no reason we uh we can't have some optimism that we can have some
00:52:45.320
success here but the reality is we have to the future western civilizations on the line as you say
00:52:50.040
all the time as goes texas so goes america as goes america so goes the world texas is on the front line
00:52:56.280
in the battle for the future and the next generation we yeah
00:52:59.560
20 seconds your uh your social media feed where do people go uh please go uh at brian
00:53:07.000
e harrison on x at brian e harrison please like follow share at brian e harrison and then the
00:53:12.760
swamp is trying to take me out in the primary so go to vote brian harrison.com and help out there
00:53:16.840
vote brian harrison.com always great to be with you steven and a great event last night by the way great job
00:53:24.440
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