The government is now partially shut down, and Democratic Rep. Hakeem Jeffries and Rep. Alexandria Ocasio-Cortez join Alex to discuss the impact of the shutdown, and why they think Chuck Schumer should go back to the negotiating table.
00:01:00.900Because it's going to be under the terms of Musk and Trump and the GOP.
00:01:05.480And Democratic Congresswoman Becca Ballant of Vermont.
00:01:09.900Congresswoman, why do why are so many House Democrats mad at Chuck Schumer?
00:01:16.360Well, and I do want to say it is across the ideological spectrum in my caucus, from blue dogs to progressives.
00:01:26.240People feel like this was a moment that was a test for all of our leadership and not to blink and not to cave.
00:01:34.800And this funding bill is not a clean CR.
00:01:38.240It's not a clean continuing resolution.
00:01:40.080It allows Musk and Trump to continue to wreak havoc on Social Security, Medicaid, Medicare.
00:01:49.120It gives them a blank check to be mucking around in things they shouldn't have their hands in and trying to claw back money that we as Congress have already dedicated.
00:01:58.420And so I want to be really clear that the statements that have been made by me and others from my caucus are representative of the caucus as a whole.
00:02:08.820And we also felt like Leader Schumer was not communicating well with our leader.
00:04:01.400He said last night on Chris Hayes, it was about the courts.
00:04:04.220And that's where we spent the first hour of the show going through this historic battle now, the legal battle that President Trump and that's a triumphant return to the Justice Department today.
00:04:49.000Sort of, you know, in the weeds behind the scenes is that Hakeem Jeffries apparently was sort of caught off guard.
00:04:54.600And so if they were coming into this with Schumer's plan where they were going to fold, they would have most likely given some more leeway to the more conservative, moderate members who now are on record not voting to support basic things like border security.
00:05:08.800And other political issues that will be used in Republican ads against some of these members.
00:07:30.840And he knows if they were to go into a shutdown, they would implode because President Trump would gut many of the unnecessary parts of the government, I'm sure.
00:07:39.580And Republicans would take a hatch to this stuff.
00:07:41.460And then they have no guardrails at that point.
00:07:43.760So he's he just gave an interview to Annie Carney that I was reading right before this.
00:07:47.840And he says, look, I'm the only guy that, you know, I'll take the bullets.
00:07:56.520One of the things also Fetterman said the quiet part out loud because they didn't have a plan.
00:08:01.440He said, what's the what's the end game?
00:08:03.340What's the off ramp for us if we vote to shut this thing down?
00:08:06.980And Trump keeps hammering because this is the thing that's got him shocked in every time.
00:08:12.440And even sometimes in President Trump's first term, but always for Republicans, as soon as there's any resistance, the Republicans always fold.
00:08:21.260President Trump right now, whatever your vertical is that he's working on.
00:08:25.600And this is why the triumphant return to DOJ day for him to say, hey, look, we're only starting cleaning this mess up, but we're going all in is that Trump and any resistance.
00:08:36.080It's all gas and no break, all gas and no break.
00:08:39.560And that's what the Democrats have never seen this before.
00:08:41.740So Fetterman was saying, if we do do this, tell me what our solution is.
00:08:46.820And Trump guts us over the next four weeks.
00:08:49.360How do we actually have an off ramp to actually reopen the government?
00:08:52.760Because Trump's just going to be Trump.
00:08:54.240I mean, is that basically their theory of the case behind the scenes?
00:08:58.980I mean, they wouldn't be able to survive a shutdown.
00:09:01.400You know, Schumer, I think, played around with this once when President Trump was in the first term, if you remember.
00:09:07.160It didn't last that long for whatever reason, Democrats just when they enter the shutdown, they implode.
00:09:12.520I mean, I just I think too much of their base is tied to the government, you know, and tied to getting paid and people people start freaking out.
00:09:19.860And so they can't they're beholden to that.
00:09:22.320So I think what you've always said, Steve, is we have a ton of leverage on the shutdown.
00:09:26.160So, I mean, that's just something to think about as we go forward in general as Republicans.
00:10:11.980You're the guy that basically saved the republic by getting this audience involved years ago in redistricting, which everybody said these redistricting things are all insiders game.
00:10:20.500We proved that political muscle of the grassroots can do it.
00:11:03.100President Trump with an absolute powerhouse speech, crushing weaponization, crushing lawfare and ringing in what is a new day in law enforcement and the American system of justice.
00:11:14.640It was it was it was great to see Todd Blanche in Mbobbe, of course, the attorney general of the United States, Pam Bondi.
00:11:20.920It was a it's a big day and it's another moment for us to look back and see how far President Trump has brought this country in just a short of 50 plus days.
00:11:33.040Boris, Julie Kelly brings up today that a year ago you guys were down in front of Judge Cannon on the documents case actually in court.
00:11:41.860If you had pitched this, particularly because you had to put together a great team, but kind of a makeup team, because all the big law firms shut us out.
00:11:49.680If you had pitched this to a Hollywood producer that, hey, here's the story.
00:11:54.160And at the end, they're all going to be at the Justice Department running the Justice Department.
00:11:57.600And Trump's going to walk in triumphant.
00:12:02.760What are your thoughts on the arc of of this journey?
00:12:05.320You know, I believe that in the end, President Trump has had faith and God behind him.
00:12:15.800I think the American people see what it is to have a real leader.
00:12:22.160And that's why, as you know, Steve, from that moment that I called into this show on January 20th, 2021, from Joint Base Andrews when President Trump took off for Florida,
00:12:33.080I told you then that I was confident that President Trump will be back in the Oval Office.
00:12:38.040I was confident that the bad forces in America will be defeated.
00:12:43.080I'm so proud of the team that President Trump has led, that defeated lawfare, that defeated the greatest weaponization of justice in not just America, but world history.
00:12:55.000There's never been a lawfare campaign such as the one that Todd Blanche, Emil Boeve, and so many more lawyers defeated in working together under the leadership of President Donald J. Trump.
00:13:07.840As you said, Hollywood wouldn't believe it, but we did throughout.
00:13:14.780And most importantly, it's a moment of patriotism.
00:13:19.840Last thing, President Trump today also, I think, energized everybody by saying, hey, he's not going to rest until all of this is set right.
00:13:28.520That this will – it's not about him, but he's going to make sure with the work that that team does at Justice, at Maine Justice, and then the U.S. attorneys and all of it, and with confirmation of a new set of judges, that he's going to set things right.
00:13:44.040And this will never be allowed to happen again, no matter the political beliefs or persuasions of any president or his administration.
00:13:50.360This will never be allowed to happen again.
00:14:08.780From the absolute edge of a cliff, because that's where the radical lunatics and Democrats were driving it, President Trump is now in full control.
00:14:17.120You're seeing everything he's doing on every single part of the spectrum, from the economy to foreign relations, national security, ending wars, and, again, ending weaponization and lawfare.
00:14:29.380Success, unlike anything this country has ever seen.
00:14:31.680And that's why everybody is energized.
00:15:28.500President Trump, if he had been a movie script, folks, and for you that have been with us for four or five years, you understand that against the longest of odds in that entire team that we followed so closely through all those trials and all those indictments from Atlanta to New York City to Miami to Washington, D.C.
00:15:51.240All of it, all of it, those folks today are running the Justice Department.
00:15:55.580They're the senior leadership of Maine Justice.
00:17:03.100Alex, you are the one that brought to this audience, first time ever, a grassroots audience on a national basis to say, hey, look, there's this thing called redistricting.
00:17:10.940It's done at these state legislatures and these courts, and you've got to get involved.
00:17:15.940I just want folks one more time before the early voting in person starts next week, we get everybody up on the ramparts.
00:18:15.580There's no doubt about that from a structural point of view and what's held it.
00:18:18.780But what's really bizarre is that the Democrats are so weaponized and so ruthless like they are on every front that they're able to somehow claim that they can redraw Wisconsin's lines in the middle, you know, of the 10-year term for these maps.
00:18:33.600So it's just frankly bizarre and illegal, I would argue.
00:18:37.760And so they're open about it and blatant.
00:18:40.020They would steal the republic right from us if they had the opportunity to.
00:18:45.000There's going to be $100 million on the table that we can even count.
00:18:48.180That's not counting the untrackable money that the Democrats are really pros at through LLCs and all these Arabella.
00:18:54.780You know, Natalie Winters is always talking about it.
00:18:56.900This thing is the whole ballgame, frankly, over the next two weeks.
00:20:48.780Yeah, we issued a U.S. economic report, dangers of the deep world war recession in 2025.
00:20:54.660It's available for sale to institutional high-net-worth individuals, family offices, and RIAs.
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00:21:03.600But I want to give your viewers a sense as to what we're talking about.
00:21:06.500Bottom line, the government spending really supported the economy for the last few years.
00:21:12.120And it was primarily government spending, illegal immigration, and I guess funding—what we're finding now is funding a bunch of NGOs to enable the illegal immigration.
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00:29:04.440The pandemic taught us how quickly store shelves can empty.
00:35:34.100I want to give Gray Delaney and the team over there at Calamo just incredible about the timing.
00:35:39.120But when I hear it all day long, and we had Rickards on this morning, says it's relentless.
00:35:43.600When you say every show, every business show, MSNBC, CNN, people don't know what they're talking about.
00:35:49.060They're saying this is nothing but a cruel tax on the poor.
00:35:53.340These tariff people, these are all billionaires who want these tariffs.
00:35:55.780What is your response, Spencer Morrison?
00:35:58.880Well, the reality is that the media parrots what they're told to talk about.
00:36:02.900This is a top-down talking points from the elites, whether they're from Wall Street or Davos more broadly.
00:36:09.640The reality is that the academy that's coming up with these talking points is disconnected from reality.
00:36:14.700They're mistaking their economic theories for economic realities.
00:36:17.920Things like comparative advantage are based on false presumptions rather than on historical evidence.
00:36:23.940So part of the reason that all of the evidence, and I mean all of it, coming out of the mainstream media is wrong is because the theories that they're basing their comments on are completely wrong.
00:36:36.060And then the second issue is that the financial interests that prop up a lot of these news rags, they're corrupt.
00:36:42.780Economic globalization and offshoring has created enormous amounts of wealth and profit, but that profit hasn't gone to the American people.
00:36:50.740It's been going to a select few, the people that own the system, right?
00:36:54.700It's going to the empire's corrupt elites.
00:36:56.840And I'd just like to talk very briefly about the reality of tariffs.
00:36:59.860Tariffs are not likely to increase the cost of goods, not in the short term, and they're actually going to drive down prices in the long term.
00:37:07.940In the short term, you're not going to see much impact because Americans can just buy American and they're not going to pay the tariff, right?
00:37:14.880The price difference between American products and Chinese products is on average like 4 percent, which means that you could put 100 percent, you could put 1,000 percent tariff on Chinese goods.
00:37:25.500It's not going to raise the cost of goods by double or 10 times.
00:37:28.580You're going to buy the American good.
00:37:30.440It's going to raise the cost to the American good, which is a couple of percent.
00:37:34.280So tariffs are not going to, they're not the boogeyman, right?
00:37:37.940The other thing that's really important to remember is that tariffs are going to reshore our factories.
00:37:43.240And manufactured goods are subject to the law of what's called increasing returns.
00:37:47.060That means the more goods you make, the cheaper the goods become, right?
00:37:51.360So if America were to make more goods in American factories, we're actually going to lower the cost of goods in the long run.
00:37:57.960And that's going, you know, so tariffs, you know, on a 5 to 10-year horizon, they're going to lower the cost of goods.
00:38:05.880And the third point that I just need to make here, the only way, the only way that goods go down historically is when we increase productivity, when we invent and when we innovate and we implement new technology.
00:38:19.820And you know what the best catalyst for that is?
00:38:21.860The best catalyst is high labor prices, right?
00:38:24.740So when we reshore our factories from places where labor is basically free, like China, we're going to reshore those factories, bring them here.
00:38:33.180And there's going to be a really big economic incentive to invest in new technologies, which is ultimately going to bring the cost of goods down in the long run.
00:38:40.240And that was the historical paradigm for hundreds and hundreds of years.
00:38:44.060People were innovating and making factories more efficient.
00:38:46.820When we shipped the factories abroad, the factories actually got less efficient because they didn't care about investing in labor-saving technology.
00:38:52.980So when we reshore the factories, we're going to have more technology, more innovation, and that's going to make goods cheaper, not just for us, but it's going to be cheaper for everybody.
00:39:03.580Ultimately, the world prospers when America prospers.
00:39:06.600And the only way to do that is to reshore our factories.
00:39:09.000Man, it is so amazing that that pitch you have is incredible.
00:39:16.960And the book is now, I know, being read widely in the executive office building and in the West Wing.
00:39:23.760The book, where do we get it, Spencer?
00:39:25.980It's a must-read, particularly for today's economy.
00:40:58.380Is this going to get even more violent?
00:41:00.340Is there some way to negotiate this out?
00:41:02.100And do you think this peace deal is predicated upon this, particularly as Putin's got guys that are even more nationalists than him, these ultra-nationalists in Russia, sir?
00:41:16.380I think from what I've been hearing on the ground, the Ukrainians are retreating.
00:41:23.280In some cases, it's chaotic, but they aren't currently fully surrounded by the Russians in the region of Russia that they went into, which is called Kursk.
00:41:35.480But for Putin and for the Russians more generally, look, we're going into a peace deal.
00:41:41.700Usually when you go into these negotiations in a war, one side is in a stronger position than the other, and they're going to look to take as much advantage of that as possible.
00:41:51.040And that's what the Russians are looking to do.
00:41:52.720For Putin, as you mentioned, his biggest fear is to the folks on the right of him, right?
00:41:59.480That's where you have the Russian nationalists, the right wing, which has a degree of support within Russia's security services.
00:42:08.520It's important for him to portray himself as sort of the savior of Russia who is solving this problem for them.
00:42:20.160And in order for him to do that, he has to be able to sell whatever he's bringing back from a peace deal as victory to the Russian public, right?
00:42:28.720And one thing that would certainly not constitute a victory is if Ukrainians still hold actual Russian territory.
00:42:35.820And so what I think you're looking at right now is an effort by the Russians to get the Ukrainians out of the Kursk region so that they're more ready for a ceasefire that's even more on their terms than it was beforehand.
00:42:54.120This is, I think, the most brilliant stroke of Zelensky in his military command.
00:42:58.720This is sacred space in Mother Russia.
00:43:01.120This is, Kursk is the largest tank battle in history.
00:43:04.760I think they had 6,000 tanks, 2.2 million men, even probably more than Stalingrad.
00:43:11.140And that's, you're talking about two of the biggest battles in mankind's history.
00:43:14.360For the Ukrainians to get up there and to get close to taking that territory, it was looked at as an affront to the Russian people and particularly the Russian ultra-nationalists, was it not, sir?
00:43:25.760I mean, this was something that was an incredible affront.
00:43:30.560I mean, for the guys who fought in Wagner, the guys that I interviewed for my book, you know, again, this was an existential thing.
00:43:37.640The last time Russia had been invaded by any force within its kind of traditional territory was, like you mentioned, in World War II.
00:43:46.260And that war has, as it does for Americans, but also for the Soviets and the Russians, an incredible historical resonance.
00:43:56.940And so it is important to Putin, therefore, that he be seen, again, as the strong nationalist leader, as sort of the leader of the Russian nationalist movement.
00:44:08.380And that can't work as long as the Ukrainians are still in Russian territory.
00:44:40.700Well, look, it's going to be a long process no matter what.
00:44:43.940I mean, even if – and I know there's a lot of folks who served in the military before, so they'll know this.
00:44:52.260I think even a ceasefire itself is something that is going to be very difficult to achieve because this is a long front at this point with two humongous militaries.
00:45:03.720It's mostly filled with conscripts, so people who haven't fought as professional soldiers but were drafted or conscripted at some time.
00:45:11.200And they're facing off against each other.
00:45:14.120And so there's absolutely going to be violations as well.
00:45:17.460And I think the Russians have even alluded to it that neither the Ukrainians nor the Russians will fully be able to control what's happening along that front.
00:45:26.020It's not like the movies on World War II where an armistice is declared and people come up from the trenches, right?
00:48:01.380So your prior guest spoke about the Bank of Japan facing a sovereign debt crisis.
00:48:06.960And the Japanese have been – they've had impeccable game for pretty much that entire time.
00:48:12.680I mean they're working really hard on productivity.
00:48:15.360They're working really hard on educating their kids in STEM.
00:48:18.540But the bottom line is there's only two ways an economy can grow.
00:48:21.080It can grow through population growth or it can grow through technological advancement.
00:48:26.260And basically what every Western country in the world is facing right now is a situation where our degrowth, our decline, is completely incompatible with economic growth.
00:48:37.980And what that means is that all sorts of – I mean the way that your mortgage is priced, the way that your 401K is priced, the way that the dollars in your checking account are valued, all of that is based on systems that are predicated on leverage that require the promise of future growth to make capital markets work.
00:48:59.520And so this is a collapse that's coming for every rich country and almost every poor country actually.
00:49:08.720And so it's going to be – it's going to define the 2030s.
00:49:14.180Basically how nations and communities handle this issue is going to define the 2030s.
00:49:19.720And so that's why we're discussing it.
00:49:20.580And let me guess – so this is going to divide the 2030s.
00:49:31.700Well, essentially it's just about making sure that people can have their desired fertility.
00:49:36.860I mean if everyone in America, if everyone in Europe achieved what they say they want in terms of their family size, there would be no demographic issue.
00:49:45.940And we would have a very stable – it doesn't have to be like infinite, you know, everybody having nine kids.
00:50:04.740The issue is that people are not actually achieving what they want.
00:50:08.900And that I think is how this has been mischaracterized in the media is that this is something that we have to push on people or force on people.
00:51:36.760Well, take out your phone and text Bannon, B-A-N-N-O-N, at 989898 and get and sign up for the ultimate guide for the purchase of gold and precious metals in the era of Trump.
00:51:56.200And, folks, we are in the era of Trump.
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