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Bannon`s War Room

Episode 4301: Stopping The Destruction Of The US Economy

Bannon`s War Room

WarRoom.org

News, Politics, News:politics

4.415.6K Ratings

🗓️ 27 February 2025

⏱️ 56 minutes

🧾️ Download transcript

Summary

Episode 4301: Stopping The Destruction Of The US Economy 

Transcript

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0:00.0

Donald Trump is seeking nothing less than a total restructuring of a global trade environment

0:06.3

which penalizes American companies, American workers, and American taxpayers through all manner

0:13.2

of unfair trade, tariffs, non-tariff barriers, in this case taxation, as you mentioned, regulation.

0:20.3

And it worked back in the 50s when we were trying to

0:24.4

help the global economy recover after a war. But we have this practice of just surrendering

0:32.0

our treasure to the rest of the world for no good end anymore and ultimately these are national security issues

0:40.8

because if we don't have a manufacturing in the defense industrial base and tech companies which

0:48.5

have every dollar they need for cutting edge AI and research and development we're not going to be the country we need to

0:55.5

end. I mean, back, the manufacturer went into recession back in late 2018, 2019, because of the

1:02.4

tariffs. So, I mean, we're in a different world, a globally connected world where, you know,

1:07.6

some of these CEOs that we talk to are very concerned about tariffs. They're worried about demand destruction.

1:12.6

They're worried about price shocks.

1:14.6

They're worried about trading relationships.

1:16.6

We heard the same concerns back during the first term when President Trump

1:22.6

levied historic tariffs on China, levied historic tariffs on steel and aluminum, levied historic tariffs on china levied historic tariffs on steel and

1:27.8

aluminum

1:28.6

levied historic tariffs on things like solar and uh... and washing machines

1:34.6

and what we got out of that was not the skies fall in recession

1:39.3

uh... or inflation what we got was price stability and prosperity and one of the eight I think the

1:45.3

eighth wonder of the world is you go to the pride of Clyde in Ohio and you go to the

1:50.9

whirlpool factory there's a washer machine it comes off every four seconds out there

1:56.3

come back to it's another like four or five minutes I begged to differ with

...

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