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Bannon`s War Room

Episode 4402: The Multifront War On The Devaluation Of The American Dollar

Bannon`s War Room

WarRoom.org

News, Politics, News:politics

4.415.6K Ratings

🗓️ 10 April 2025

⏱️ 56 minutes

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Summary

Episode 4402: The Multifront War On The Devaluation Of The American Dollar 

Transcript

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0:00.0

What happened today that was different?

0:02.0

After all his remaining tariff threats went into effect at midnight last night, what happened today was not that the stock market tanked.

0:09.0

It did at the beginning of the day with the tariffs in place, but that's, again, normal for a day with Donald Trump at the wheel.

0:16.0

What was different today was not that the stock market tanked again, right?

0:20.0

It was that the bond market tanked again, right? It was that the bond market

0:22.6

tanked at the beginning of the day. 26 past the hour, beautiful shot of Capitol Hill this morning.

0:29.0

This morning House Republicans will hold a vote on a Senate-passed budget bill after GOP leaders

0:34.9

pulled the measure from consideration last night. It was a major setback for Speaker Mike Johnson, who was pushing Republicans to get on board with the bill

0:44.3

and advance President Trump's legislative agenda.

0:47.3

But several conservative fiscal hawks argued the Senate's budget blueprint would add too much to the nation's debt. It's unclear if

0:56.2

any of those holdouts have changed their mind. You know, Willie, the issue has obviously been for

1:02.1

quite some time, a $20 trillion addition to the United States debt, which is already sitting

1:08.2

at $36 trillion. Nothing fiscally conservative about that.

1:12.1

You have the Senate passing resolution and saying, well, let's just pretend that we aren't extending

1:18.2

these tax cuts, which are going to blow a hole, of course, and the deficit in the national

1:22.8

debt.

1:23.6

And some, I guess I'll say fiscal conservatives, i'm glad there are a few that still at least

1:31.0

call themselves that and the house republican caucus are saying uh we just can't do this without

1:36.6

additional cuts we'll see where it goes but right now uh i think some tough sailing uh for the speaker

1:43.7

simply because i mean how does I mean, how does any Republican,

1:47.3

how does anybody that calls themselves a fiscal conservative support a budget that is going,

1:53.8

and tax cuts that are going to lead to $20 trillion in new deficit and debt spending over the next 10 years.

...

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