WarRoom Battleground EP 662： Restring American Manufacturing; Crimes Of The Capitalists
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Summary
In this episode, we talk about the deep state, the Deep state, and what it means to be a deep state. We also talk about what the Deep State is all about, and why it s important to have one.
Transcript
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the ways that trump has changed the country in three weeks he's not in control of anything
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and all of what timothy snyder describes as obeying in advance the examples are so abundant
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i prefer the phrase preemptive groveling it's probably better which is what we're seeing a lot
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of i mean he has changed the country i think one of the things we've learned i mean how many times
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have we sat at this table trying to ponder what he's trying to do um i actually don't think there's
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a particular direction i think he prizes chaos i think what he wants to do with the justice
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department he doesn't have a particular idea or a law that he wants to prosecute or a criminal that
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he wants to prosecute he wants to cause chaos and then chaos will lead to destruction the destruction
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of the administrative state yeah but i think steve bannon actually wants it i think trump wants to
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be popular and you are not made popular by having a justice department that can't deal with crime
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well i i think it's even deeper i think it includes that but look you know what donald trump has always
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wanted is what's good for donald trump and that means many things i mean he used to talk about the
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swamp and like many things the swamp is usually what he wanted as long as it was for him and anything
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that benefited him i mean being able to interrupt the department of justices going after antitrust
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being able to interrupt the department of justice going after anyone who is a friend of his anything
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that curry's favor we as a fact-based people what what what was the annie mccade thing and what was
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the jim coming and jim coming impacted the election and and to go into another trump presidency
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where he is selecting people to run doj and the fbi who are adherents to a policy of political
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retribution that is the policy of the department of justice and the fbi under the direction of the
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president of the united states and i wonder what what you think and how you've internalized
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an absence of any sort i mean after 9-11 the deep state is is the people who connected the dots and
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made sure that the united states was never attacked again and bob muller was the head of the fbi george
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tenent was the head of the cia and they testified before congress i think more than any two government
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officials in our country's history before or since and so the country got to know the people and the
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policies that were enacted across the national security agencies will be controversial to the end of
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time but they told their story and they were out there and they and and the whole inability and
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reflexive sort of refusal to defend what trump smeared as a deep state with any sort of explanation
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because now you ask every pro-democracy republican or lifelong democrat who's going to stand up to trump
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they say the career the career prosecutors oh really the much maligned deep state who literally no one
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defended last time well i actually thought people on the left should have co-opted the phrase deep state i mean
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when we were speaking to the senator-elect and he talked about the career professionals i mean
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we've all worked with those career professionals those career prosecutors they're the most upstanding
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people in the world these are the people who don't ever cheat on their taxes that don't ever cut the
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margin that don't hire an undocumented immigrant to do their yard or sit for their babies i mean
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this is these are the are people who are above reproach and yes we depended on them last time
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i think we'll depend on them this time maya's point about about getting a concentration of lawyers
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try firing a federal employee who's a lawyer which is not easy to do and if you can't institute a
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schedule f they have due process guarantees you have to fire them for cause um they will band together
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so i do think i do believe in this idea of career professionals who those on the other side call the
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deep state deep say you see the resistance that's building right there
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with elon musk and doj and vivek ramaswamy and of course working with the great russ vote
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um you have many sides of the resistance you've got the sanctuary city mayors
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and i'm in the washington post today saying president trump i don't think he he's got this
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phrase no games he's not going to allow games to be played when he starts the process of these
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mass deportations which he's going to do it in a humane way but he's not going to allow people
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to game the system and i believe he's going to play smash mouth with the mayor of chicago and the mayor
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of denver and other mayors so they want to be tough guys and say no we're going to nullify uh the law
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to start these uh deportations i think they got another thing coming but you also see the resistance
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inside the administrative state and they're already making big efforts to in the budget process and
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the appropriations process to start going after programs and programmatically deconstruct this
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but right there you say well i try to fire a a lawyer well they're going to fire a lot of lawyers
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just are and they got starting doj they got hit that place with a blowtorch
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and uh and they gotta they have to gut it because it's corrupt and it's destructive
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and we just had a national referendum on that and guess what you lost the american people
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had the back of donald trump and said yeah we've seen trump he's got 92 felony indictments
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he's got 32 he's guilty of 32 felonies guilty of 32 felonies guilty i should put that in quotes guilty
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on some kangaroo court in new york that's now dropped everything american people rendered their
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verdict i want to go and if we i want to go back to one of the big things that's happening and that is
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this issue of tariffs and for the positive note starting last night and even some today now their
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hair's on fire and they're saying oh it's going to cause inflation these are people didn't care about
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inflation at all now it's like you know holy writ but everything's inflation but at least
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you're having a policy discussion about about tariffs it's one-sided they're lying to you but
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hey at least we're at a pure trump hate in talking about trump's economic policies but i want to bring
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in spencer morrison the author of reshore first off spencer you are a prolific writer on this topic
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of globalization and economic nationalism just explain to our audience in your mind what that means
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and why globalization has worked against the american worker sir well good evening first of all thanks
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for having me on your show i really appreciate it um globalization has been um in utter disaster for
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the american workers i've been writing on this topic since about 2015 uh what we've seen uh time and
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time again uh is every time america signs a free trade deal uh or engages in uh looser trade restrictions
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with a different country there's an asymmetrical trading relationship that develops america as the
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developed nation with the technological advantage um runs large and chronic trade deficits with all of
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these countries um and as a result what we see is a rebalancing of american industry uh once america was at
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the uh at the core uh of the end of the later stages of the industrial revolution and of course the the
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subsequent technological revolution um that's no longer the case a lot of uh the manufacturing um you know
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in the in the old sort of iron belt steel regions uh has been moved to countries like china it's been
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moved to mexico japan uh and as a result of uh so-called freer trade uh what we've seen is american
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industry has been hollowed out the american worker um has been left um uh with significant unemployment
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uh wages which were at one time uh rose in lockstep with worker productivity uh in about 1971 1972
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um that decoupled and what we've seen is that although americans are working more productively
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than ever uh wages simply haven't kept pace and a big portion uh of the reason for that uh is that
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there's a lot of downward pressure on wages in this country because american workers are now subjected
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to competing directly uh with workers in china um and there's many reasons for that um labor is
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plentiful in these countries environmental regulations labor regulations are very lax
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um so there's just no apples uh to oranges comparison uh between you know a foreign country like china
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and then the sort of labor markets you have in america so what you have is a when they say it's
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free trade and free competition uh what it is is it's unsymmetrical and unfair trade
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let's talk about that because when we first came on the scene and started writing and had people
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write about this a breitbart the the the classic republicans like went through full meltdown oh my
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god it's gotta be free trade tell me about what free trade actually stands for and and and i think
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we're in a mercantilist system where the chinese communist party is the the smartest and toughest
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mercantilist around so describe the system and why all these people that talked about free trade all
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the time and not fair trade really played into the hands of the mercantilist sir
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well it's actually a very interesting point um what we have right now and i've i've done a bit of
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research on this topic um what we have um i just want to take you back to the to the american revolution
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one of the main undercurrents um of the american revolution was economic freedom leading to
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political freedom um a lot of people don't know this but in the approximately 50 years leading up to
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the american revolution uh the british government imposed um a number of industrial um limits on what the
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american colonies uh were able to do uh for example they banned uh the export of um blueprints
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for new industrial processes uh they banned the uh the opening of new steel mills um and this was all
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employed by the british government to make sure that industry manufacturing uh you know the manufacturing
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of arms of ships uh of of new machinery uh stayed in britain uh and what this did is it locked america
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into a mercantil trade relationship with britain uh where great britain was exporting uh high value
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manufactured products to the colonies and the colonies were in turn selling uh low value
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uh agricultural output such as uh tobacco uh or cotton um this was certainly not in america's best
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interests a lot of uh revolutionary material for example uh thomas paine in particular alexander
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hamilton uh pushed very strongly for an industrialization program uh for america uh of course one of the first
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um acts that were passed uh after america gained its independence uh was to uh institute tariffs on um
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manufactured products from europe uh and this led uh you know directly to the industrialization
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of america which of course turned america into the uh the richest country in the world uh what was
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this this this this plan this plan this plan was hamilton's plan wasn't it he laid this out
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this was hamilton's plan because he wanted to build the american system it was called right go ahead
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that's exactly it it was called the american system uh the core element of the american system
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were high trade tariffs on manufactured goods uh now since about uh 1973 and into the 1980s
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uh these uh these tariffs have uh all but been abolished uh in particular uh in 2001 china joined the world trade
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organization um and we've had um uh exceptionally liberal uh trade it's been one-sided with china
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um and as a result uh the economic paradigm has actually been shifting uh into that mercantile relationship again
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um um there's uh if you uh i'll give you one good example of this if you compare the sorts of products
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that america was importing and exporting to china in 2001 when they joined the world trade organization
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and you compare that to today uh what you'll find is that in 2001 america was exporting a lot of high
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value manufactured products such as um electrical components uh aircraft uh components uh things like
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that um in return america was buying uh what we'd say uh would be low value manufactured output for
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example we bought a lot of clothing we bought a lot of shoes from china that's been flipped on its head
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uh 20 years later uh at this point america's largest exports to china are uh largely unrefined agricultural
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products you know we ship them a lot of soybeans they buy grain they buy some oil from us in exchange
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the biggest category of goods that we purchase from china now are manufactured products electronic
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components computers uh almost all of america's uh silicon chips that go in everything from our
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phones to our laptops to our cars it all comes from china but hang on they essentially they essentially
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look at us we we export our trade relationship with them we're like a developing nation we send them
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raw materials and natural resources and lumber and and things like that and uh in agriculture products
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but we we send them very little that's up the value added manufacturing chain economy we're we're
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essentially in their mind the way they look at it a developing nation as far as at least trade goes
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am i incorrect on that you are 100 correct and it's only got worse since 2001
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is not is the fact that it when uh when tanneman square uh happened in in bush 41 since galcroft over
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and they said you got to clean up your political act because we we can become partners the world
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trade or the wto membership most favored nation membership the the clintons remember the chinese
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generals are bringing bags full of money over to the white house but the key the linchpin to the world
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global system the linchpin to the world manufacturing system and please understand this at your thanksgiving
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table tomorrow is predicated upon the slave labor of lao baijing the system works because the chinese
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common man and woman is essentially a slave and works for slave wages and that has a structural uh
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element of the architectonics the architecture of the world economic system is based upon the slave labor
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of china and since they have such huge excess capacity and they essentially export that excess
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capacity right in in lower wages that you can no working men and women throughout the world can never
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really get uh appropriate wages because the largest workforce in the world works for slave wages
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is that not correct that the linchpin of this is the slave labor of the chinese people sir
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uh yeah it's very important to understand uh when we're trading with china china is an authoritarian
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uh regime uh the chinese uh workers certainly do not have the same labor protections that american
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workers have uh it's not just the chinese labor though and uh and mr bannon you're correct on that point
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uh it's also uh the desecration of the environment in china um yes yes costs that uh would be borne
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by american producers you know costs to uh the the desecration of rivers or the oceans pollution in
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general uh those are simply not priced into goods from china those costs are what we call uh externalized
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right uh so what we're doing is we're trading uh trading for chinese goods that appear cheap on paper
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but they're not actually any cheaper because the environment is being destroyed and there's an
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enormous cost associated yeah they're actually more expensive what spencer's talking about is since
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the 1960s that we took this theory of the commons the environment was the the effluent the the discharge
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from your production process the the the reception of that was not taken into account in the cost of
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production you just dumped it into a river you dumped it into a field you chemical plants in new
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jersey you just dumped it out back you didn't have to take that to account eventually because of
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environmental laws and other things you had to include that in the cost of production the the
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the waste product of the industrial process obviously has to be included into the production costs and
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that's why our goods cost a certain amount and and people may say we're certain of it's over
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regulated some people may say it's not regulated enough it's whatever it is whether that's too far
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or too little we've put a cost on it and that cost is now included in the cost of production in china
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that ain't the way it rolls they just dump it and so there's no full value is no full accounting
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of the full cost and that's why they can sell it cheaper but dispenser's point it's incredibly
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destructive not just to the poisoning of china for the lao beijing which live in an essentially a
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poison you know they work as slaves for slave slave labor wages oh they also have to live in a
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poisoned environment because the chinese communist party and in the wealth they accrued themselves
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they're not interested in the environment they just dump it in there and that's not included and
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that's part but this is the way the world's economic system works and people have to understand that
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wall street and silicon valley it's very easy for these progressives to sit there and look at you
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and say no no no you're not dei and you're not perfect and you're too white or you're you're saying
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bad things about trans people and you're not showing respect they are in business with the most corrupt
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dictatorship in the history of the world that's killed hundreds of millions of chinese people and
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they're in business with them and they're fine being in business with them they look the other way
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they go to their parties they live in the hamptons they're out in silicon valley all these guys they're
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thinking great thoughts and big thoughts about going to do this and go do that and they're in
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business with them look at sequoia capital they're in business with them active business this is equivalent
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to being in business with hitler and the nazis in the 1930s this is equivalent to being in business
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with joseph stalin after what he did in the ukraine in the 1930s when he starved five million people to
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death he starved five million people let me add in the middle of what is the equivalent of european
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kansas in the 1930s these are the crimes of the capitalist these are the crimes of wall street and
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silicon valley today and don't think the chinese people lao bai jing aren't keeping score
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they know who's a partner with who's enslaving them and that's why spencer and others have argued for
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years hey there's a practical thing that we have to do to get high value manufacturing jobs back for
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your people and your citizens but there's also a moral component to this a huge moral component we
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can't look away it's easy to look away wall street looks away hollywood looks away right hollywood
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will only make movies that that are approved by the chinese communist party because they want access to
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this massive marketplace silicon valley hollywood wall street and the puppets in the in the us
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government are in business with them in business with them it's equivalent to being in business with
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hitler and the nazis in the 30s 30s and it's equivalent knowing that the camps are being set up
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right or being in business with stalin after 1933 34 35 after the moscow show trials and when we knew
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although the new york times wouldn't report because guess what the reporters were in business with them
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that they had starved five million people to death in the equivalent of kansas which was the bread
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basket of the ukraine which was referred to at the time so spencer you you've done this great work
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on globalization and everything that you've worked on now you're focused on reshoring and you've got
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this book reassured that i want everybody to get into read walk me through what is reassure
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what does it mean why is it important and why is it now that you've been one of these guys pointing out
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the sins of globalization why have you focused now on this
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well so in this book um what i've tried to do is two things so number one uh we're making complicated
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complicated issues really simple so i'm answering the big question how do we grow the economy the
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second uh reason that i wrote this book uh is i wanted to explain uh an effective foreign trade
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policy what is it going to look like uh so you know the thesis of the book is uh tariffs are going to
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be a key tool to making america rich again uh and uh and helping us grow the economy increase our
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technology uh i think this book is really important right now uh this is uh this is trump's uh second kick
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at the can uh and the globalists do not want trump to succeed uh on his uh in on his tariff agenda right
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uh they were pushing back against that enormously and in his first term and it's going to be the same
00:22:48.660
deal in the second term and the reason for that is very simple uh political independence uh is predicated
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upon economic independence right the founding fathers knew this um and and it you know it's very obvious
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you can't be free uh unless you have the ability to manufacture uh the goods that you need to maintain
00:23:12.820
that freedom um so i if america wants to be free if we want to be prosperous we need to bring the
00:23:20.500
factories back in particular we need to look into into bringing semiconductor technology back to america
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this is really really a big problem america imports all of its semiconductors right now
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from abroad almost all of them the semiconductor factories are located in taiwan
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and even worse the machinery the prints the silicone chips is actually created in the netherlands
00:23:47.780
uh america has essentially no role to play in the manufacturing uh of computers at this stage
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and uh as everybody knows i mean we're talking on on computers right now there's computers in your
00:24:02.260
cars they're in your phones they're in your home appliances uh america cannot manufacture uh silicone chips
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on a scale that we would need to even perpetuate our economy so right now america is entirely
00:24:16.740
imported dependent on china uh in particular but also on on other countries for various other goods
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there's huge national security implications to that uh if there were for example to be a conflict that
00:24:32.100
broke out uh between america and china the fact of the matter is is that our economy would be completely
00:24:41.140
uh shut down um uh that puts us in a precarious national security situation but it also uh limits
00:24:49.860
our long-run economic growth um the point that i make in the book is a long-run economic growth
00:24:56.260
yeah go ahead no no you keep going hit your punchline well i was going to say the key to long-run economic
00:25:04.260
growth is developing new technology so right now what we've done by by exporting our manufacturing
00:25:11.380
especially our high-valued technologically advanced manufacturing is we've cut the rungs out from the
00:25:17.460
bottom of the ladder um and we're no longer at the cutting edge of technological development i mean so many
00:25:26.740
research dollars are now being spent in mumbai as opposed to boston it makes absolutely no sense we're
00:25:33.220
shooting ourselves in the foot in the long run here spencer hang on for one second we're going to
00:25:38.740
hold you over um we're going to go out with uh when the man comes around one of my favorite songs the
00:25:49.940
cover of the great johnny cash song mo bannon's also going to join us we're going to talk about the va are
00:25:55.140
vivek vivek and elon going to do away at the va that's what some folks are trying to spread i don't
00:26:02.740
don't think so captain bannon doesn't either we're going to get to the bottom of all of it we're
00:26:07.380
going to continue with spencer morrison the author of reshore when the war room continues in just a moment
00:26:36.660
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do it today action action action we should expect should he do this day one 25 percent tariffs on
00:30:59.460
canada mexico 10 percent of china like what what that would do look the most important thing to
00:31:06.100
understand is that a tariff is a tax on americans when home depot wants to bring a washing machine
00:31:12.180
across the border um it's actually home depot who has to pay the tariff to get that washing machine
00:31:18.260
out of customs so even at a very literal level it's not china or korea that pays um and so uh then home
00:31:26.740
depot has a choice uh it can swallow the hit to its profit margins or do what in fact it did when
00:31:32.820
this all occurred uh in the in the last trump term which is like most businesses when its costs go up
00:31:38.820
it passes those costs along in the form of higher prices for americans and it's not just home depot
00:31:45.220
is not the only one that's going to do it in fact american washing machine companies raise their prices
00:31:50.180
too because competition from abroad is part of what forces american companies to offer us better deals
00:31:56.180
get rid of that competition we're all going to get worse deals well you know i think that countries
00:32:02.100
right now are trying to figure out what they want to do in terms of retaliatory tariffs and how they
00:32:07.140
want to respond um i think you know what i would say is like the whole thing is think about it as a human
00:32:13.540
story um you know we have humans are hurt by tariffs because it's not countries that trade it's people that
00:32:21.940
trade right so if i can do something more efficient than somebody in china and they can do something
00:32:29.300
else more efficient than me then we get huge gains from yeah uh right now and the great tony lee has sent
00:32:37.860
me through grace strong of a tweet out but this is from the last two nights i repeat blast individual
00:32:45.780
tariffs all you want but please stop falling into the tariffs are bad or thoughtless or tariffs is a sales tax
00:32:51.780
slogan slogan tariffs are an essential part of industrial policy labor policy and environmental
00:32:57.140
policy tariff absolutism is frankly bizarre this came after president trump last night about 25 percent
00:33:05.300
tariffs across the board on mexico canada and uh in china that was as uh jeff stein of the washington
00:33:12.100
post pointed out not targeted like on tariffs on avocados from mexico this was across the board
00:33:17.140
and they we trade i don't know a couple of trillion dollars a year those are our three biggest trading
00:33:21.060
partners but you see a complete and total meltdown what's the total meltdown about democrats used to
00:33:28.180
support uh tariffs to to make sure that you could you could protect jobs here in the united states
00:33:33.700
why is it now that trump mentions it it's tariffs are evil tariffs are tax tariffs are inflationary
00:33:39.780
or is is the progressive left so upside down they don't even know what side of the argument they're on
00:33:45.220
any more uh spencer morrison right so we've seen this uh back in 2015 2016 we're seeing the exact same
00:33:55.620
rhetoric again and the reality is is that these chicken littles were wrong uh in 2016 and they're wrong again
00:34:02.820
um anybody can go ahead and look at the historical data and see that prices were lower under trump than
00:34:08.580
they were uh under biden or obama everybody knows that it's not a secret um so this is just forward
00:34:17.940
looking rhetoric but if we look you know at the logic of how tariffs actually work uh what they're
00:34:24.500
saying doesn't make any sense so i'd like to just very briefly explain uh you know what a tariff is and
00:34:29.700
how it actually operates uh so first things first a tariff is a tax on imported goods
00:34:35.300
uh most political commentators uh just about everybody on the topic who discusses it actually
00:34:43.540
uh wrongly assume that uh tariffs are like a sales tax for exactly for example that gentleman he
00:34:49.860
mentioned that if uh there were tariffs on washing machines you would see higher washing machine
00:34:55.220
prices at home depot uh this is entirely untrue uh a sale uh unlike a sales tax a tariff is not applied
00:35:03.780
to a product's retail price so if there's a 10 percent uh tariff on uh toasters for example you're not
00:35:13.220
going to see a 10 percent increase on the sticker price at walmart uh this is because uh tariffs are
00:35:19.940
levied on what's called the first sale price that's the price that american corporations or their foreign
00:35:26.180
agents uh pay to the foreign vendor who originally built the product or the component of the product
00:35:32.420
uh i just want to walk through an example we're going to make sure that everybody understands
00:35:37.860
exactly how tariffs work and we're going to use an example uh of a toaster okay so let's say for
00:35:44.420
example america implies a 10 percent tax or a 10 percent tariff on all chinese toasters uh companies like
00:35:53.380
black and decker for example they manufacture toasters in china uh let's say for example the toaster
00:35:58.420
retails for 60 bucks at walmart the media says okay it's 10 tax toasters are going to be 66 a toaster
00:36:08.100
it's not true this is because the american distributors they buy their toasters uh from
00:36:16.420
a vendor usually located in hong kong for maybe 14 per toaster
00:36:21.540
that vendor in hong kong he originally purchased the toaster in china for say seven dollars per
00:36:29.540
toaster what this means is that that ten percent tariff is not applied on the sticker price of sixty
00:36:34.980
dollars it's not even applied on the the vendor price of fourteen dollars it's applied on the initial
00:36:42.180
sale price of seven dollars which means that on a sixty dollar toaster a ten percent tariff equates to
00:36:48.660
just a seventy cents uh increase in cost so that that's how a ten percent tariff uh actually would
00:36:55.540
only increase the value of a product by one point one five percent and that's going to change you know
00:37:01.140
depending on which good we're talking about um in reality uh we're likely uh not going to see any
00:37:08.180
increases in price um a tariff is like a surgical strike on a particular country right so if america were to
00:37:15.220
levy taxes on chinese toasters uh so the supplier uh or the american company could simply buy them
00:37:22.180
from a different country they could buy them from america and not pay any tax whatsoever so in reality
00:37:27.860
the american consumer is unlikely to see any increase as a result of a tariff and for good measure what
00:37:35.620
the government could simply do is reduce the sales tax by an equivalent amount and americans will pay
00:37:41.540
zero dollars extra for any price but it's going to do an an enormous amount of economic pressure
00:37:48.900
on whatever country is being targeted uh in our example that would be china um and i just want to go
00:37:56.340
back to one point you made earlier yeah yeah yeah go ahead keep keep going keep going well earlier you
00:38:03.780
mentioned uh that the difference in price between manufacturing and china and america is actually
00:38:08.580
not as big as you'd expect uh and i just wanted to put some numbers to that okay so there's been
00:38:13.780
research has been done uh to determine how much it costs to manufacture something in china versus america
00:38:20.660
not including those externalities so if we're just talking about the sticker price in china versus
00:38:25.620
the sticker price of a manufactured product in the states uh what they found is that on average
00:38:31.140
if it costs one dollar to manufacture something in america the cost savings are only four cents to
00:38:38.740
manufacture it in china so it costs 96 cents to manufacture it in china when you add in the price of
00:38:44.500
human suffering when you add in the price of the environmental degradation uh pollution it's actually
00:38:51.220
more expensive to manufacture in china so what i would imagine is that as we reshore factories to america
00:38:59.140
uh we're going to see uh not an increase in the cost of goods but actually a decrease in the cost of
00:39:07.620
goods in the long run well part of this also is the transportation cost i want to hang on for one
00:39:13.940
more minute mo's ready but uh cameron my crack producer do we have kevin o'leary i want okay uh
00:39:21.300
spencer morrison is with us the author of the book reshoring i want to thank gray delaney for making this
00:39:27.780
uh available i'm so busy right now but he got it in our nose he said steve this is perfect for the
00:39:31.940
war room posse you guys got to read it it's a fantastic book i want to play kevin o'leary
00:39:37.860
uh i think he was on cnn uh spencer let's play it i want to have your observations go ahead let it rip
00:39:43.620
i would like to go to defcon one with china tariffs 400 percent i brought it up yeah bring the supreme
00:39:49.460
leader to washington or crush his economy until he has riots in the streets again we've had strategies
00:39:56.740
to deal with china no we haven't oh absolutely one administration since 99 has dealt with i thought
00:40:01.860
trump was going to be tough on china he had four years he's going to get i was going to say that
00:40:06.260
this is time to really put 35 tariff enough for china then because he says it's going to be 10
00:40:11.460
higher than mexico and canada no it's not kevin o'leary dropped a bomb there last night he he has
00:40:19.860
said out loud what many of us have been talking about it and saying behind the scenes you need to
00:40:24.660
go to defcon one to go right at the chinese communist party they're teetering because they just had to
00:40:30.020
infuse their economy with a trillion dollars at the local and regional level because of all the
00:40:36.660
uh commercial and residential real estate that's just sitting there uh your thoughts uh spencer we
00:40:43.140
got a balance but i'd like your thoughts about the 400 percent tariff to go to defcon one to destroy
00:40:49.300
the opium war that the chinese communist party is is playing on the american people killing i don't
00:40:54.420
know 70 or 80 000 americans every year fentanyl sir we need to get the factories out of china and we've
00:41:01.380
got to bring them back to america so whether or not the the tariff is 400 percent or four thousand
00:41:06.260
percent uh it really doesn't matter what we need to do is we need to come up with a number that's
00:41:10.980
going to be big enough to bring the factories back if it's only four percent good enough um
00:41:18.980
but you know going forward there's no way out of this we need to bring the factories back home
00:41:23.780
it's going to make america rich it's going to make us uh powerful uh and it's going to guarantee
00:41:29.700
our our freedom economy and national security uh for generations to come
00:41:37.060
uh where did they go to get your writings where they go to get the book what's your website social
00:41:41.860
media i want people to get to know you sir because you're gonna be a big part of this conversation going
00:41:45.700
forward right i appreciate that so the book reshore is coming out on january 22nd it's available
00:41:54.020
from calamo press uh i'm also the editor-in-chief of the national economics editorial uh you can find
00:42:00.820
my work there uh i uh often have columns on that are picked up by other publications including real
00:42:08.260
clear politics uh i've been on the daily caller the foundation for economic education american greatness
00:42:14.260
um well spencer thank you so much very good the book comes out in january uh we wanted spencer to get
00:42:25.700
in here because the last 48 hours they've melted down on president trump throwing down on tariffs
00:42:32.580
it's a central part of his economic policy to bring high value-added manufacturing jobs back here to the
00:42:37.460
country spencer have a great uh thanksgiving and look forward to having you back on the show
00:42:45.860
you know we're losing besant uh you may lose ej and tony we're losing navarro
00:42:51.060
we're maybe losing jay jason trenert uh we got to restock all of our contributors on the economic
00:42:57.220
side are going in the white house so they'll be very limited in their media appearances and then
00:43:01.860
only in an official capacity so but we're very proud that scott has been uh designated as a nominee
00:43:08.340
for secretary of the treasury of course kevin hassett we know very well great guy the head of the national
00:43:13.540
economic council uh rumor has it that peter is going to be doing something in the white house
00:43:18.900
uh or maybe one of the agencies who knows but a senior economic uh job uh rumors about jason trener
00:43:25.060
who's on here all the time ej and tony we don't know where the team's going to fall out we hope
00:43:31.780
that president trump takes the entire gang over there because they're absolutely absolutely incredible
00:43:36.100
uh and uh very proud to have them as our commentators and analysts over the last couple of years
00:43:42.580
but we recommend everybody and we would hope that every commentator and contributor to the show
00:43:48.020
gets a shot to help president trump there's three thousand non-senate confirmed jobs of course
00:43:52.900
russ vote who's been a contributor since 2021 and uh and uh scott besant have to be senate confirmed
00:44:01.060
russ is head of omb um scott besant as secretary of treasury of course bill mcginley is over there
00:44:07.940
as white house counsel uh so good on you uh we whether you're taking a senate confirmation job or one of the
00:44:14.020
other jobs uh good on you uh patriot mobile glenn story on the team texas wouldn't be red was not for
00:44:21.220
glenn story on the great work remember and we're going to talk about this on friday the patriot
00:44:25.780
economy stop giving your money to people that hate you and your values uh patriot mobile is a christian
00:44:32.420
company run by christians that believe in the judeo-christian west and the values and tenets of
00:44:37.940
it and give back a portion of the profits uh to uh charities and to people doing the work for like
00:44:44.420
first responders and second amendment also tax network usa tn usa slash bannon don't let that
00:44:52.100
envelope from irs irs now has got to get as much revenue as possible if you've got a letter from
00:44:57.460
them don't think by putting a drawer it's going to go away it doesn't go away they're pretty good at
00:45:01.220
tracking people down it's not the end of the world it's just a process take a deep breath tnusa.com
00:45:08.900
slash bannon go talk to next before you call them it'll wait a little while you don't have
00:45:14.660
to call them right away get the envelope out look at look at what they're saying call tax
00:45:19.060
usa.com they'll take the anxiety away and show you that this is a process like every other thing in
00:45:24.340
life just a process you're gonna but you have to engage if you keep it in the drawer
00:45:28.580
it only kind of grows and we don't want you to fear it fear not you're part of the war room posse
00:45:33.460
you're resilient we're path coffee the navy seals tage gill and the team said hey i got the best
00:45:39.940
weapons we got the best diving equipment we got the best parachute equipment we're navy seals
00:45:45.860
with sea uh land uh commandos everywhere they're paratroopers they're frogmen they can go ashore
00:45:55.380
they got the best weapons they're you know the bravest of the brave and some of them go a little
00:45:59.220
hollywood a little a few couple of three progressives in there but generally overall great
00:46:03.620
guys and of course the navy's so proud of their frogmen so proud of their commandos but what tage
00:46:08.340
said is hey we drink standard navy brew you can get on some you know crappy destroyer bannon that you
00:46:14.980
served on i said back off don't talk about the uss paula foster but tage had a vision to make a coffee
00:46:21.140
as great as the equipment of the navy seals and he's done it warpath.coffee do not take my word for it
00:46:27.700
do not take captain bannon's word for it do not take grace chong's word for it go to the site
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you will check it out and you will never go back the bitterness has been taken out you can drink it
00:46:45.780
all black which is the way coffee should be consumed captain bannon thank you for joining us mo on this
00:46:52.100
holiday weekend i got a question i saw and i knew you would have the answer they had a the story now when
00:46:57.460
i read it it wasn't a lot of details but the headline was to it's one of these things to stir
00:47:02.500
the pot it said that uh vivek and elon musk are going to do away with the va i think the headline
00:47:08.820
said going to do with the va then it turned out that hey they're looking at every government agency
00:47:13.620
and they're looking at discretionary spending and that's going to be thinking clearly they're
00:47:17.540
going to shut down the va is there any truth to that rumor that vivek and uh elon are looking to shut
00:47:23.380
down the uh the veterans administration ma'am there is no truth to that and like you said
00:47:29.940
that was a headline to stir the pot and that actually came from a employee of ron philipkowski's
00:47:37.540
and it is meant to strike fear and so many people especially so many veterans that are in
00:47:44.340
our communities and elon and vivek they want to get rid of the bloat that we have in government
00:47:52.820
agencies so it's going through each government agency and seeing what in their budget needs to be
00:48:01.060
actually there and what we need to spend the budget on and what we can get rid of within each department
00:48:07.860
in the va there are things that need to be removed from the budget the budget needs to be audited you
00:48:14.260
and i have had this discussion there are elective surgeries that are done that should not be done you
00:48:20.580
know that were not service connected issues should not be done we should not be paying for gender
00:48:26.820
reassignment surgery with our taxpayer money for the va that needs to be looked at in an audit of the
00:48:34.100
budget and if that part of the va needs to be gotten rid of then get rid of it but that's what
00:48:40.260
elon and vivek that's what their mission is is to get rid of the bloat and the unnecessary spending in
00:48:46.660
each of these departments across our government by the way i think they may actually take it a step further
00:48:53.780
than that i think they're besides the bloat look i know it's about waste fraud abuse i got that part i
00:48:58.180
know they're going to go for the bloat that's their first pass i do think with russ vote and this is why
00:49:03.220
russ is so important we're so proud he's over at omb and we're so proud the fact that uh was a molly
00:49:08.900
jong fast is in full meltdown uh because of this because she knows he's a gentleman and also knows
00:49:15.380
he's a brilliant hammer that they're going to start looking at the deconstruction administrative
00:49:19.220
state that's saying hey there's just certain things and maybe these things are efficient but
00:49:23.140
we just shouldn't be doing that that the government shouldn't be doing this that one and we are we can't
00:49:27.300
afford to do it so i think you're going to get some of that has what's come out as i know because
00:49:32.100
you're very close a lot of people at the va are people the va starting to get concerned now are
00:49:36.740
they starting to get worried not certain people within the va system but we also need to look at
00:49:44.740
the fact that a lot of vas are under actually underemployed we're not hiring employees at a rate
00:49:52.500
for the amount of veterans that are coming into the system and we also need to look at the fact that
00:49:59.220
we are treating veterans we have two age gaps 65 and over and under 65 we have an increase
00:50:06.820
in veterans under 65 coming into the system but we don't have enough providers for those veterans so
00:50:12.740
that's something else that needs to be looked at a lot of people within the va are not concerned
00:50:17.140
because we need those positions filled we actually need more positions within the va
00:50:21.620
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thank you check you after the show and happy birthday too
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oh my gosh there you go i knew you'd do it okay thank you girl uh tomorrow i'm going to be around
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