Peter Navarro, former Special Assistant to President Trump, joins us to discuss the latest in the Mar-A-Lago scandal, the Canadian forest fires, and Elon Musk's new venture in China. Don't miss it!
00:09:14.440And you juxtapose that with DeSantis, who we've learned very quickly is a paranoid introvert with a Shakespearean wife who fires people like Susie Wiles and keeps people out of DeSantis' ear, very tight circle.
00:09:35.840You can't be an effective communicator or president that way.
00:09:40.600So let's see, as the boss says, let's see what happens.
00:09:44.960Yeah, I originally, in my last White House memoir, The Taking Back Trump's America, I proposed, you know, just Trump DeSantis as a ticket.
00:10:09.680DeSantis has destroyed that with his behavior.
00:10:13.280And so now we're faced with a protracted battle.
00:10:19.020And, you know, in one scenario, they're going to try to drain Trump dry of money and wound him and likely there, if they succeed, will be able to wound him going into the runoff with whoever the Democrats throw at him.
00:10:37.140And I guarantee you it won't be Joe Biden because he'll be out by then because of Hunter.
00:10:45.540And it's also quite possible that both the Democrat National Committee and the Republican National Committee will do this.
00:10:58.020With the DNC, they'll screw Bobby Kennedy, who has a really good chance of beating Biden, particularly if he's allowed to debate him, which they're not going to let it do.
00:11:09.320And if the RNC, which is controlled by a bunch of rhinos, it starts with Romney's in name only, I think it is, or is it rhinos in name only?
00:11:20.220If they try to screw Trump and it's an unfair election, you could have a four-way race with Biden, whoever the Republicans wins the primary.
00:11:31.840And if it's not Trump, and then you have Kennedy and Trump, I call it the race, which would be more fun than the barrel of Ross Perot monkeys.
00:11:40.520So there's a lot of stuff going on here, Lou.
00:11:42.900But look, you and I know there's only one guy, one guy in America who could step in to the Oval Office tomorrow and fix everything.
00:11:53.840The economy, foreign policy, our policy with China, and everything on down.
00:12:03.460And everybody else is going to go through a learning curve on the Republican side, which we can't afford because of the crisis facing us.
00:12:10.700And on the Dem side, it's like, I don't know about you, Lou, but I can't handle four more years of this woke zombie-ism that's just destroying everything about this country that you and I cherish.
00:12:26.100We're talking with Peter Navarro, and we're going to take a quick break.
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00:14:55.800He didn't want to do the travel ban on China when the pandemic hit.
00:14:59.580And I see DeSantis as that same kind of narrow ideologue, dime a dozen congressmen who worked his way up with his hand out.
00:15:11.520And it's important to remember, Lou, he was at 3% in the polls before Donald Trump endorsed him.
00:15:19.300And I am so sick of these people who are so ungrateful to Donald Trump.
00:15:25.660When he helps him, when he helps them, all they do is bite the hand that feeds him.
00:15:32.480He knows nothing, next to nothing, zero to nothing about foreign policy.
00:15:38.280He, with Elon Musk now in his corner, will certainly not be tough on communist China at a time when we need to completely decouple from them.
00:15:49.940He folded like a cheap suit on the Ukrainian issue.
00:15:54.060And when he took what looked to be a principled stand, took a little heat and wilted in the kitchen.
00:16:35.740Nearly every policy DeSantis mentioned was authored first by President Trump and amount to nothing more than echoes of Trump's America first and make America great agenda.
00:16:51.980Let me talk a little bit about Mulvaney because that, that dude, talk about Judas Iscariot selling your soul for a piece of shit.
00:17:02.480He, that SOB, I document this at length in, in my, in my taking back Trump's America book where Mulvaney, he's like, he worms his way into acting chief of staff.
00:17:17.060The boss would never make him chief of staff.
00:17:19.580Because he always liked to like needle Mick because he knew Mick wasn't up to the job.
00:17:24.700And Mick, I don't know if you remember this, but he goes out and gives what is certainly the worst press conference as a, of a chief of staff in White House history, because it almost got Donald Trump impeached.
00:17:41.620And it was that just, just God awful appearance, Lou, that led to his firing.
00:22:16.140And he's just not very good at political strategy, but he had some very strong views that we shouldn't rock the Communist China boat because we cut that deal and he was afraid they'd get out of it.
00:22:28.320And, you know, there were like headwinds.
00:22:31.020I mean, I remember going in a situation room with the DHS guy and we had executive orders to crack down on significant concentration camps and human rights abuses in Xinjiang province in China.
00:22:52.880And me and the DHS guys were the only guys who wanted to do it and were willing to do it.
00:23:01.460And, you know, it was like Meadows against it, Mnuchin's against it, Kudlow's against it.
00:23:13.640If Trump gets back in there, Bob should certainly continue to be the USTR, maybe the Secretary of Commerce.
00:23:20.220He was, I thought, important to the president in the architecture of the tariffs and instrumental in all of that, as were you.
00:23:34.960And I want to continue with you on a number of issues, and that is the future of the country
00:23:41.140and exactly why we should be very concerned right now about this economy, its direction, and the result that is likely to conclude the Biden presidency.
00:23:55.600We'll take that up here next with Peter Navarro.
00:24:29.280I just, for 30 seconds, I just want to let people know that the Biden regime and the Department of Injustice and FBI have already put me in leg irons.
00:24:58.400So, what we're facing, Lou, and I don't know if your listeners know, but this is my wheelhouse, a macroeconomist and a forecaster.
00:25:08.400I did this for years, did an investment newsletter.
00:25:10.640And what we are in right now is what's called stagflation, which is slow growth or recession plus inflation.
00:25:19.700And you usually don't get those two types of conditions.
00:25:23.460And there's a lot of reasons for that, but they are really at the heart of this battle over the debt ceiling.
00:25:31.760The two things where we have to really hold the Democrats accountable for are this.
00:25:38.420First of all, the level of spending that Joe Biden, Chuck Schumer, Nancy Pelosi were able to just push through and up the derriers of the Republicans are massive, unprecedented levels of expenditures that create what's called demand pull inflation.
00:26:01.720That's too much money chasing too few goods.
00:26:04.940And so, a big part of what the Republicans need to do, and they need to hold fast on this, is to roll back some of that spending and get that cut.
00:26:18.160Otherwise, we're going to continue to experience the demand pull inflation.
00:26:22.920And the spin here, which is straight whiskey, is, as the Democrats are saying, it's going to be a catastrophe if we don't negotiate with them.
00:26:36.740It's going to be a bigger catastrophe if we don't get control of our spending.
00:26:41.800But the other part, Lou, is something that was a thing of beauty with Donald Trump, which was the strategic energy dominance of Trump, letting the frackers, the oil and gas drillers, basically make us the largest oil producer in the world and a net exporter.
00:27:00.480We were able to keep oil and gasoline and natural gas prices low, and that controlled what's called cost push inflation.
00:27:10.900The energy price shocks of the 70s and the energy price shocks of today have that in common.
00:27:17.060And so, part of the other part of the negotiation is getting some relaxation of the severe constraints that the greenery portion of the Democrat Party, which is to say all of it, has put on our energy dominant sector.
00:27:35.080So, those are the two marks that have to be hit.
00:27:51.680The Federal Reserve can't solve that problem, okay?
00:27:55.560Econ 101, you can only use interest rate policy to solve one of those problems.
00:28:02.520If you want to solve recession, you lower interest rates.
00:28:05.040If you want to solve inflation, you raise them.
00:28:07.480But if you got them both at the same time, Fed policy doesn't work.
00:28:11.720The only thing that works is having cutbacks in those expenditures at the congressional level, as well as a resumption of strategic energy dominance to keep oil prices and energy prices in check, which, by the way, help keep food prices in check because fertilizer is petroleum-based.
00:28:36.200Let me go to the point you just made about the Federal Reserve.
00:28:39.700And that is when you have a Federal Reserve with $8.5 trillion on its balance sheet, and now you have a Federal Reserve that is insistent in the face of a slowing economy, insisting on raising rates.
00:28:55.900We're now at 5%, which puts rates at 6% to 7% in the enterprise market.
00:29:02.940Why in the world would the Fed not avail itself of selling off some of those assets rather than taking people out of work and raising interest rates?
00:29:26.580You remember Gerald Ford and Jimmy Carter faced the same roller coaster.
00:29:33.140You know, when inflation got bad, the Fed tried to raise rates.
00:29:36.980Then the recession would kick in even more, and then they'd be exhorting the Fed to loosen up.
00:29:43.560And the point is that it doesn't work.
00:29:45.940You know, if I were Fed chairman, what I would be screaming from the rooftop is say, hey, I can't solve the problem of fiscal irresponsibility and bad energy policy with interest rates.
00:30:01.040Oh, you're never going to get the job, Peter.
00:30:10.740And by the way, not a job I'm looking for, to be crystal clear.
00:30:14.940But my point is that it would be refreshing if there were somebody at the Federal Reserve who wouldn't acknowledge the fact that the Fed can't solve the current problem because it's a hydra-headed monster of stagflation.
00:30:32.260Well, as you know, as you know, Jerome Powell is not that man, and he is a guy who still hasn't learned his lesson, and he's had two rounds with it.
00:30:42.840He thinks that the Federal Reserve can lead markets rather than follow them, which assures just ruination as a result.
00:30:54.220This country, with all of the problems with the contest for the presidency coming up in 2024, we have a corrupt, as you know better than anyone, corrupt FBI, a corrupt Department of Justice, a corrupt number of intelligence agencies all working for the same people they have since late, in the later years of the Obama administration.
00:31:20.700They're entrenched, they are pervasive, they are all powerful right now, the deep state and the Marxist Dems.
00:31:30.340What chance does the Republican Party have without a real fighter in the game?
00:31:37.600And where is he going to find the warriors from MAGA to make sure that we don't see a repeat of some of the personnel mistakes that you've just cited in 2025?
00:31:49.740Well, yeah, I go deep into that in the Taking Back Trump's America book.
00:31:55.840There's a chapter where I fill out the cabinet as well as a lot of top spots in the White House.
00:32:02.880I mean, you start with putting Johnny McEntee back as the director of personnel.
00:32:15.980He was one of the president's original body men.
00:32:18.900And there's a guy, that guy combines supreme intelligence with loyalty in a way which would ensure that nobody would get hired that didn't pass the Trump test, which is a combination of loyalty and intelligence.
00:32:35.160And, you know, when I say loyalty, Lou, there were lots of times I told the president things he did not want to hear.
00:32:43.840And I think that's one of the reasons why I was able to stick around the whole time.
00:33:15.080I remember calling him up one day and say, hey, what's the deal with all these Chinese drones you guys are buying and putting up over our lands?
00:33:26.200You know, that's that's my kind of guy.
00:33:27.940I think that certainly put getting Miller.
00:33:34.560Well, I don't want to we don't we're running out of time.
00:33:37.760I just like you get a sense of what do you think the president should do differently to assure that he has support across broadly the Republican Party and has the leaders of the Democratic Party across every spectrum.
00:33:53.400defending him now against the the excesses and the attacks on him, continued attacks over eight years now to make certain that he has a defense from the leadership of his own party.
00:34:10.240Look, he just has to simply keep talking about what he stands for.
00:34:15.540That's dead center of middle America, which is which is a middle and center right country.
00:34:22.120People know that he is the guy who will represent their interests in Washington.
00:34:28.780And then he just has to keep pointing out who is running against him.
00:34:34.800You know, Tim Scott, he's running for vice president.
00:34:43.620But a guy like DeSantis or Nikki Haley, who's up to their ears and kind of the dark network, globalist kind of Wall Street, Silicon Valley, corporate money.
00:34:55.840I mean, those people are dangerous and they just need to be outed.
00:35:00.260And, you know, it's like part of my job.
00:35:03.320I'm not working for him now, but part of my job as a patriot and mission of this country is to is to point this stuff out.
00:35:10.580Lou, and I can't think of a better platform in the Lou Dobbs show.
00:35:14.480Peter Navarro at Substack dot com, brother.
00:35:26.920Peter Navarro, former advisor to President Trump.
00:35:30.080Peter, a victim of the Marxist Dems and the corrupt deep state, as you've just heard, as the D.C.
00:35:35.080swamp is getting bigger, deeper and more vicious as the corrupt bureaucrats and Marxist Dems spew their poison dressed up in political language and legalese and pretense.
00:35:46.760Our quotation of the day is from President Teddy Roosevelt, who warned more than a century ago about the weasels and their words.
00:35:55.780Here's what he had to say about the politicians of his day.
00:35:58.920Quote, one of our defects as a nation is a tendency to use what have been called weasel words.
00:36:05.800When a weasel sucks eggs, Teddy explained, the meat is sucked out of the egg.
00:36:11.200If you use a weasel word after another, there's nothing left of the other.
00:36:16.860Teddy said that in a speech in St. Louis, Missouri, 107 years ago.
00:36:21.120I heard politicians use so many weasel words in my career that I just started calling most of the Marxist Dems, who couldn't talk straight, I called them eggsuckers, or sometimes worse, I admit.
00:36:33.800That's all for us today. Thanks for being with us.
00:36:36.340Follow me on Truth Social at Lou Dobbs.
00:36:38.960I'm not thrilled with Twitter right now and where Elon Musk is taking it, so let's keep it at Lou Dobbs on Truth Social.
00:36:46.480Our guest here tomorrow will be Chairman of the House Oversight Committee, James Comer, as the committee's investigation of President Biden's corruption intensifies.