
Episode 5085: 26 Billion In DEI Payments Still Being Distributed By SBA; How Republicans Need To Approach Jack Smith ...
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Stephen K. Bannon
In the B block. Let's go and bring the show in. And then we're going to get our first guest. This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people. I got a free shot.
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Stephen K. Bannon
The people have had a belly full of it.
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I know you don't like hearing that.
Stephen K. Bannon
I know you try to do everything in the world to stop that, but you're not going to stop it. It's going to happen. And where do people like that go to share the big L MAGA media? I wish in my soul, I wish that any of these people had a conscience.
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Ask yourself, what is my task and what is my purpose?
Chris Rufo
If that answer is to save my.
Stephen K. Bannon
Country, this country will be saved. War Room here's your host, Stephen K. Banner. It's Wednesday, the 21st of January, in the year of our Lord 2026 is the first day of the second year of President Trump's second term. Third time he won the presidency, but second term. Chris Ruffo, the great Chris Ruffo is joining us. And Chris, look, naturally I would want you on here during Davos because Larry Fink, you've so broken Fink on dei. Larry Fink, who was kind of the financial guy of it, forcing all the companies to do it because of his immense power on Wall street. And he's over at Davos kind of denying, you know, no esg, no dei. We don't need to do that. We don't need Green New Deal because intermittent power won't work for the data centers. AI, he's thrown over all of his beliefs. And you were the leader in the effort to break dei, but you came up with something, I think, two days ago that I think may be the biggest story in the country and people need to focus on it. It was this is it 26. We talk about Somalians in Minneapolis and the ripoff of the learning centers. And all this is getting deeper. And everybody's telling me this, but you're identifying in the Trump administration, there's still Congress is approving, I guess there's $26 billion being spent on this type of scams by the Small Business Administration. And we kind of know it's out there, but we're not stopping it or not putting our hands on it. Can you walk people through this, quite frankly, blockbuster story?
Chris Rufo
Yeah. So this is at the Small Business administration. It's a $26 billion slush fund that is dedicated to providing government contracts, including many no bid Government contracts exclusively to firms that are owned by racial minorities and women. In many cases, these are shell companies where they have a token minority and then a private firm behind them. But in all cases, for this entire $26 billion slush fund, there's only one that is prohibited from accessing these funds or bidding for these contracts. White men. And so this is like the epitome of dei. It's billions of dollars, there's all sorts of fraud and corruption. In the program's 45 year history, there's never been a single audit done. And the question is simply this. It's now one year into the Trump administration. The President came out strong on day one, said no more dei. Why are we still administering billions of dollars for every group except for one? It seems totally unfair, totally unconstitutional, and yet it's still something that until now has been surviving in the Trump administration.
Stephen K. Bannon
So Chris, help me out there, because the President came out, he's pretty upfront. You know, in the days of thunder, you know, flood the zone every day, we're coming up with 10 executive orders thing. President Trump said, hey, we're not doing this anymore. I don't want any more dei. I don't want it in the corporations. And particularly, it's not simply not going to be in the government. It's not going to be in my administration. I'm taking charge of this. So how are we now? One year into it and President Trump's got 100 things going on. He's bringing world peace. They got the world or the peace board. Tomorrow they're going to settle the Gaza thing once and for all. You've got Greenland, you've got what he's doing with the Chinese Communist Party, Japan, Venezuela, South America, hemispheric defense, the mass deportations. He's got everything going on Bobby Kennedy stuff. How is this not the focus of Russ, vote over our good buddy Russ. Vote omb and particularly Kelly Loeffler. And she's got a great team over there. Why are they just not taking guidance from the President and let's just get rid of it?
Chris Rufo
Well, so it boils down to a legal question. So there is a statute in place that says there is racial contracting. It's called the Section 8, a program that is supposed to be for disadvantaged groups. And you know, to be fair, Kelly Loeffler, who's the administrator at the sba, has done some great work. In the first year, she's mandated the first ever audit, she's reduced the percentage of race based contracting from 15% to 5%. But I think what's happened is that she feels hemmed in by legal considerations. It may not be technically a DEI program, it's more like an affirmative action contracting program. The native tribes have sovereignty issues that make them somewhat of an exception to race based rules. But the bottom line is that it hasn't got done. It needs to get done. And I was fielding calls yesterday from the White House after this story came out. And look, the White House assures me we are working on it. It's been stalled, we're trying to get it done. We think there's gonna be imminent action. But what I think needs to happen, and what could happen is simply to say this program is unconstitutional, we're gonna refuse to administer it, we'll fight it in the courts where we think we have a pretty good shot. Because, look, the courts have been pretty clear about this stuff. Race based contracting, especially a race based contracting that says, you know, any group in the country can apply except for one, white men, is totally unfair, it's totally illegal, it's totally unconstitutional. So I'd like to see the administration use the nuclear option here and just say, we're blowing up this program. We're going to give contracts to the best firms. Doesn't matter what the skin color is, doesn't matter where they're from. And look, the other thing that is kind of crazy. We look through a lot of these contracts. These are supposed to be for socially disadvantaged or oppressed people. But you have a firm, for example, that's run almost exclusively by Indian Americans with PhDs that have millions of dollars in assets, to give you one small example. And you say, wait a minute, this is a group that has the highest education level, the highest income level, run by people who by any measure are part of the American elite. Now why are we giving them a contract advantage over other groups. It's indefensible. And I hope that we see action. You know, maybe not today or tomorrow, but I hope we see something by next week at the latest.
Stephen K. Bannon
Chris, the other bomb in here. I don't want to bury this lead. You said, hey, because it's 26 billion a day. But this has been going on for 40 years. And it's not that. Hey, maybe you do have some set asides for minorities. Like I said, oppressed minorities, not. Not Indian guys with PhDs that are building tech companies or whatever. But you said there hasn't been an audit. What I've always heard about this program is that it's actually a company, but they put a Woman or they put a minority on top of it and they get the contracts. But it's a complete scam that it's really not a minority company. They're just doing that so they qualify for the contract itself. Is it true that it hasn't been audited to that depth to see if there's been criminal activity or fraud in 40 years?
Chris Rufo
Yeah, there have been cases, certainly there are cases of fraud cases that have been prosecuted. But there's been no comprehensive audit of all of these approved minority contracts firms ever. And we know it's rife with fraud. We know this is part of it. The other dirty detail or wrinkle that I heard from administration officials and others with knowledge, inside knowledge of the program is that, you know, a lot of this money goes to Alaska, the state of Alaska, where there are native Alaskan tribes and there are these shell companies where private companies run by people from all different backgrounds use kind of token Alaska Native firms to keep this flow of billions of dollars over time, tens of billions of dol going. And there are senators in Alaska who are very intent on keeping this spigot open. These are Republican, at least one Republican senator in Alaska. And so everyone is in on this scam. I think everyone knows that it's a dirty business, it's totally corrupt, totally unjust. But I think it needed the attention. Cuz what's really happened is that it fell under people's radar. It's not a headline story for many people. There's a lot of exciting things happening in the news. But the reason I wanted to draw attention to it is because this should be an easy layup for the administration. We don't do dei, we don't do race based decision making. It's gone. That's what I'd like to see and I'm optimistic that we'll get there.
Stephen K. Bannon
Yeah, particularly we Talked about the $2 trillion deficit today. What Besson has to do about this. This is every, every bit helps. Talking about, you talk about the Senate, the House Appropriations, we see them in the middle of the night. In fact, we covered here, we stream it, we get big audiences. You see these debates and the moderates always kind of when how did this, for 40 years, how has this gone on? When every guy running for Congress, every man and woman, I'm going to cut it. Nothing's going to get through. I'm against de, I'm against waste, fraud and abuse. This hits this, this hits every touch point. How did Congress and the appropriations guys, the appropriators keep doing this? Without getting outed.
Chris Rufo
I mean, part of it is just it's an automatic renewable expense. It takes a lot of political capital to say, we're going to take this existing program that is benefiting Native Americans and the children of sharecroppers and all of these kind of this mythology around it. They don't wanna be the big bad Republican who's cutting minority contracts. But I think the deeper reason is psychological, and the psychological reason is this. A lot of these guys, Republican congressmen, Republican senators for many years, were deathly afraid of being called racist, of being called bigoted, of being called cruel, of facing the scrutiny of the national news media. And at the end of the day, it really took a figure like President Trump to come in there and say, hey, wait a minute, I don't care what you call me. I've been through the media ringer. I'm willing to take the heat. We're not gonna do this. Get rid of it. And that's the kind of decisive action that was required. And my suspicion is that the president, if this were put on his desk, he would be shocked and he would ask his people, why haven't we gotten rid of this already? And look, I think it is totally defensible legally, totally defensible politically, and most important, totally defensible morally. We can either have a colorblind country where everyone is treated equally, or we can have a racial hierarchy where people are treat. Where people are treated unequally according to their race. I'm not about that. I think we have to stop.
Stephen K. Bannon
Yeah, no, Your recommendation to the president, just, let's do a nuclear option here and, hey, face them in court, because they're going to sue you anyway if you even try to touch around the margins. Let's go for the whole thing, zero it out and say, come and get it. Last thing. You were the leader in the DEI getting rid of dei, both in corporate America and the government. Larry Fink, the new mayor of Davos, is speaking a very different tune, at least publicly, behind the scenes. Maybe not. Talk to me about Larry Fink. And now he's taken over Davos. He's the mayor of the globalist village, and he's not touting DEI like he used to.
Chris Rufo
Sir, that's exactly right. It's been an about phase from Larry Fink. So look, after 2020, Larry Fink, he was wealthy, but he wanted to become famous. He wanted to be beloved in international circles, business circles, philanthropic circles. And so he became really the poster boy of DEI and esg. But he took a Beating for these. Once the kind of WOKE hysteria started to subside, once it was really demonstrated that these are forms of corruption and discrimination and from some sources that are even within my network in corporate America, what happened is that when Larry Fink started to realize that this was making him unpopular, he instructed people within the firm to quietly wind down some of these ESG programs and to rehabilitate his image. And so he has reemerged after 10 years of woke as a kind of neutral corporate, you know, non ideological figure. I think it was phony then, I think it's phony now. Guys like Larry Fink will do whatever is popular, whatever is expedient in the moment. And so the big lesson here for conservatives is don't necessarily worry about people's convictions because those are malleable. Worry about who sets the status incentives. And so if DEI is perceived as high status, corporate executives will adopt dei. If DEI is perceived as low status, corporate executives will abandon dei. That's the best way to have an influence. That's the best way to change perception. And Larry Fink's kind of new face, new mask is a sign that conservatives have won on ESG and one on dei.
Stephen K. Bannon
Rufo, you're the best. How do people follow you, how they get to your site, how they get to your books and how they get to your social media?
Chris Rufo
It's easy at Christopher Rufo on Twitter ChristopherUfo.com on the web. And you can buy my book America's Cultural Revolution, anywhere books are sold.
Stephen K. Bannon
Chris Rufo, Great job. Keep at it, sir. Fantastic. Thank you. Appreciate you. Chris Rufo. Lord have mercy. Trump will take the nuclear option you put in front of me. He's going to say, what are we doing here? 0 this thing out. They're going to take us to court anyway. Trump's won what, 22 or 24 times? We see magnificent in Davos today just dropping hammer blows. You saw the markets in turmoil. They go from the Trump trade to the anti Trump trade. That's going to continue. There's so much more to do here. President Trump knows that tomorrow's peace board is going to meet for the first time. I think we may try to. I can talk my crew into covering that life. Oh, dark 30am Birch gold. One thing that's evident, Carney's a former head of the bank of England. Governor of the bank of England. That's where they're all rallying around him and rubbing up on him and loving him. For his little speech, President Trump put him on notice, say, hey, yo, dude, we basically protect Canada. Watch your step. Don't. No more smack talk. Birch Gold. Now more than ever, you need to understand why gold is a hedge. Understand why the central banks are buying it now in the fourth year at record rates, and you will go a long way to your financial stability. Birchgold.com, promo code Bannon the Endothedollar Empire. Buy a qualifying amount purchase and you'll get a signed copy of the hardback from Stephen K. Bannon.
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Stephen K. Bannon
Here's your host, Stephen K. Bann. Okay, I haven't put them all up. I mean, I haven't. I don't even think. I think Elizabeth and Grace and Mo have you put it all on my get account? Maybe they have. But you know, we had a conference 10 days ago. Dr. Thayer's working with me. There's a bunch of us that are of Irish descent. We are working with folks in Ireland to help them get stood up. A Irish populist nationalist party. Because as you know, probably the worst country been sold out by their political elite is our beloved Ireland to the Davos crowd. Well, and there's been a lot of o' Bannon saying they're going to create a Trump and he's going to bring a nationalist Mag, he's going to bring MAGA to Ireland. And the elite media over there is going crazy. I mean, they're losing it. So Larry Fink Today, Dr. Thayer's here and Dr. Thayer, I got a cold open for you to get into the heart of what happened at Davos today. But Larry Fink, as the new mayor, he gave, I think, an interview, the Financial Times, and they said, well, we're thinking of moving Davos around and one of the first places we want to stop is Dublin. So you can tell that the Globe, the globalist, Larry Fink, the mayor of Davos, they're now concerned enough, they're getting worked up enough that we're getting a little traction in Ireland. They want to move Davos over there. Your thoughts, sir?
Dr. Bradley Thayer
Well, he's not going to escape nationalism in Dublin, Steve, as you well know, right? The Irish are maybe have been asleep at the switch for a few years, given their elite, but they're changing their, their orientation very quickly. And so given the history of Irish nationalism, the history of Ireland, what Larry Fink is doing is really jumping from maybe the frying pan into the fire with respect to nationalism. But it really shows his desperation, right? He wants to shed, you know, the, the dead hand of Davos, the dead hand of globalism. That's the old paradigm. Well, that's the old regime.
Stephen K. Bannon
And they don't. And they don't want to. Yeah, and they don't want to. They don't want another. They don't. Another Nigel Farage. We had Nigel today in the street. They don't want another Nigel Farage or afd they. Ireland. They own lock, stock and barrel. They want the Irish just to act like indentured servants. We got a cold open for you. I want to get into your thoughts today about Carney and Trump and then all of Trump's President Trump's efforts. Let's go and play it.
News Analyst/Critic
Talked at Davos for 90 minutes. That is only about 15 minutes less than he took at the White House podium yesterday. But the content was just as meandering. He exaggerated and lied about the economy. He said everyone in America is doing better than ever before, that everyone is happier and richer. He said federal employees who he fired love him now because they're making more in the private sector. He said windmills are ugly and anyone who buys them is stupid. He said the people who stole the 2020 election are about to be prosecuted. He said next time Canada's Mark Carney speaks, he should remember Canada lives because of the United States. He said the Prime Minister, who is actually the president of Switzerland, was difficult and that she rubbed him the wrong way. He made fun of Emmanuel Macron. He said Europe and NATO aren't thankful enough that they'd be speaking German if it weren't for the US that most of their countries don't even work without the US that immigration has destroyed Europe, that it's threatening to destroy America as well. Complaining specifically about Somalis.
Donald Trump
We probably won't get anything unless I decide to use excessive strength and force where we would be frankly unstoppable. But I won't do that. Okay, now everyone's saying, oh, good. What I'm asking for is a piece of ice, cold and poorly located that can play a vital role in world peace and world protection. We've never asked for anything else and we could have kept that piece of land and we didn't. So they have a choice. You can say yes and we will be very appreciative, or you can say no, and we will remember the deal is going to be put out pretty soon.
Mike Lindell
We'll see.
Donald Trump
It's right now a little bit in progress, but pretty far along. It gets us everything we needed to get.
Stephen K. Bannon
Will the US still get Greenland?
Skincare Product Representative
Will the US still get Greenland?
Mike Lindell
Sir.
Stephen K. Bannon
What did Marc Root say?
Donald Trump
Well, he's a great leader. I think he's fantastic. The Secretary General was representing the other side, which is really us too, because, you know, we're a very important member of NATO. I've done a lot for NATO and it's really nice. I mean, it's a deal that everybody's very happy with. The second war, the leaders were given a second chance. This time it was clear that what was at stake was not simply the return of prosperity, but the defense of freedom. They chose the path of economic and political partnership and set the stage for 50 years of growth across the globe.
Stephen K. Bannon
Through six decades and 12American presidents, the United States and Europe have faced monumental challenges and have overcome them together. Because transatlantic ties held strong against the forces of fascism and imperial communism, our nations have been able to thrive in the pursuit of peace.
Donald Trump
Our careful, and I mean careful attention to building and sustaining the liberal international world order with the United States and Europe at its core was the bedrock of the success the world enjoyed in the second half of the 20th century. It's a deal that everybody's very happy with.
Julie Kelly
Does it still include you? Does that still include. Does it still include the United States having ownership of Greenland like you've said you wanted?
Donald Trump
It's a long term deal. It's the ultimate long term deal. And I think it puts everybody in a really good position, especially as it pertains to security and minerals and everything else.
Julie Kelly
And I wonder if you think this is a moment in which you didn't have to serve in a national security.
News Analyst/Critic
Capacity to be scared for United States national security, security.
National Security Expert
Well, I think we're all ashamed of what we saw on the stage in Davos. I think all of us were quite jealous of seeing the integrity, professionalism, intellect of Prime Minister Carney of Canada, who acquitted himself brilliantly, many respects, in terms of honoring the transatlantic alliance. And when we hear Donald Trump talk about history in such a, as you point out, an ignorant way, it really is a period of time where I think all Americans, whether or not they served in the military service, national security, intelligence, really feel that we really have reached this real inflection point where America's leadership on the world stage is not just in question, but also is now being seen as being absent, which has worried our European partners. And so again, I think what we saw was a very, very terrible depiction of what Donald Trump 2.0 is going to do one year into a four year term. And again, I think many of us are just really not just appalled and ashamed, but also just so puzzled as to how so many individuals within the Republican Party, within Congress continue to allow Donald Trump to do this. Because I think people on the world stage, and Europeans in particular, are not just seeing this as Donald Trump's aberrant behavior, which I think they've gotten used to, but he is a reflection of a sentiment in the United States within the Republican Party as well as maybe 30% of the electorate that really does agree with him and believe these things and is allowing him to do this again to not just to the detriment of international peace and stability, but to the detriment of US national security.
Stephen K. Bannon
Yo, dude. It's the first day of the say Brennan before you go to prison. It's the first day of the second year of his second term and third victory. He won the popular vote every swing state. I mean, I could go on and do it. It's a reflection of the will of the American people, sir. Dr. Bradley Thayer, make it make sense. Maybe we did slide some things in the middle, the way people used to talk at Davos, the Bill Clintons and the Dick Cheney's, all this kind of political mumbo jumbo. President Trump cut right to the heart of it, sir.
Dr. Bradley Thayer
Look, Davos is dead, right? That's what Fink is recognizing that it's over. It's time to get out of town. Whether it's Dublin or Detroit or Jakarta, they're going to try to keep the circus a movable feast, right? Keep the circus going. But you never, rarely in international politics do you have such a juxtaposition between the old paradigms, right? Between the old regime of Carney and then what Trump illuminated today. So yesterday, Carney's speech was important for three reasons, right? First, he's the point man. He was speaking for Starmer. He's speaking for John Brennan, the Democrats, the EU elite and the Chinese Communist Party. He wants to sustain the old regime, the old paradigm, which profited the CCP and the elite in the U.S. eU, Canada, in Australia. But those days are over. Secondly, Carney said he's balancing against the US Right, in favor of the ccp because Carney is really perverted, right? He's more comfortable with communist systems. He's more comfortable with totalitarianism than he is with democracy in Canada, which is telling, Steve, that's true across the board of the EU elite, a Starmer of Albanese in Australia and others. And then thirdly, it's important because of what Carney said is comparison. At the outset of his speech of the US with the communist Soviet and the communist Soviet system. He quoted Wassel Havel's the Power of the Powerless, where he said, power comes when you no longer believe the lie. Well, that's exactly it, but not in the way Carney meant it, right? We're no longer believing the lies of globalization. And that's what Trump did today. No more living lies. So Trump has introduced really the new paradigm, the new age where we're not going to believe the lies of globalization. We're going to believe, and we recognize, as Trump said, strong borders. We're going to have that. We're going to have strong elections, right? That hasn't received much attention, but he called attention, he called, really underlined the importance of that. He also described the danger of a bad press, right, which you could say that's the danger of bad elites and what the harm that they do. And then very importantly, he talked about the strong ties of Western civilization, right? What unites the west together. He said that prosperity and progress that built the wet. The west didn't come from tax codes, right? It came from a shared culture. It came from a shared civilization and the need to defend that civilization. And to do that, the West, Europe has to change.
Stephen K. Bannon
Just hang on one second. We'll take a short commercial break. Dr. Bradley Thayer describing why I called it the greatest speech since Pericles at Athens. Julie Kelly in the Other side also.
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Stephen K. Bannon
Act today. Here's your host, Stephen K. Banner. Break the grip that Big Pharma has on you and break the grip that the massive distribution network of McKesson, all these distributors and the pharmacies, these massive pharmacy chains go to allfamilypharmacy.com the team over there, slash Bannon Bannon 10. In fact, you get 10% off. But all Family Pharmacy was started with the whole concept that if you want to break the grip of Big Pharma, you have to have the ability to actually get these drugs. They have licensed physicians, everybody. You can do it totally legit. Go on there. They will have people talk to you. You get your prescriptions and then you get them filled by All Family Pharmacy and you get 10% off. If you use promo Code Bannon, a brilliant concept. They can pass on the savings of overhead and all of that to you. So go check it out. Go check it out today. Want to thank Patriot Mobile. The best phone service in the country. Best mobile service. Of course. You got a lot to pick from. This is the one that is Christian, conservative and has your values so much. They helped us put together the conference of ending Sharia law in the state of Texas. They're one of the big sponsors of War Room Texas, which is on three days a week, about to expand as we shift in early February, hopefully around the first, second or third to Texas to do the show there for the run up the whole month and the run up to in the run up to the 3rd of March primary where Sharia law is on the ballot in Prop 10, just vote yes on banning Sharia law in the state of Texas. That's one of the ballot propositions and a lot happening there. Really proud of the show, Dr. Thayer. So 972 Patriot. Make sure you back the people at Patriot Mobile, Glenn Story and the team. Glenn and Jenny story. Fantastic. Dr. Thayer, can you wrap up your thoughts about Davos, sir, and then give your social media coordinates and how people get your great writings.
Dr. Bradley Thayer
Sure, Steve. What we witnessed yesterday and today is really a Copernican revolution and a change between what Carney represented again as a stalking horse for the EU and the Democrats and Starmer of the old regime where globalization was the answer to everything. And if you follow that road, you're not going to end up speaking German or Japanese, but you will end up speaking Chinese versus what Trump illuminated, right, which was the path of freedom, which is the path of the ability to recognize reality as it is today in international politics and the need to take some very important steps to secure American security and the security of Western civilization. So if you follow Carney, you're dead. You're in the grip of the ccp, which is where Carney wants you, of course, and the eu. And if you follow Trump, you're on the path of freedom. So Trump has given many great speeches. I think this is his best of all time. And it really defines a new era in international politics. And so today is going to be a seminal event. This was extremely important, this in terms of defining the future and why.
Stephen K. Bannon
This is up there with the speech about defense of Western civilization and the Judeo Christian west he gave in Warsaw and also his first inaugural, American carnage. We got to bounce. Doctor, where do people go? What are your coordinates?
Dr. Bradley Thayer
Yeah, if you're going to save the west, you got to do what Trump says. That's the point of it. So I'm Brad Theron X and Bradley Thero Getter and Truth. Thanks very much, Steve, for calling attention to this.
Stephen K. Bannon
Thank you, brother. Appreciate you. Great work. Keep doing great work. One of the smartest guys around, Dr. Bradley Thayer, Julie Kelly, by the way, out of hair and makeup. Thank you so much. Julie Kelly, the star.
Julie Kelly
How about that?
Stephen K. Bannon
Hello, Julie.
Julie Kelly
Fresh as a daisy. We talk about I got my yellow.
Stephen K. Bannon
Daisies, fresh as a daisy and just an Irish lass. Julie, President Trump went we've been talking about, you know, populists and nationalism and globalism and President Trump throwing down hard. But we do have to and one of the frustrations with the MAGA movement is that hey, we got so many problems here and they President Trump knows what to do about it. For some reason it's just not getting done fast enough with enough urgency. You've highlighted one of the big issues here about the deep state lawfare, all of it. We're going to have a pretty seminal event come up. And that is Jack Smith. Right. Talk to me about this piece you wrote in your substack that I've told everybody, I've been pushing out to everybody, you got to focus on this. What do you got? Julie Kelly?
Julie Kelly
Well, thank you for that, Steve. So tomorrow, ex special counsel Jack Smith will testify publicly before the House Judiciary Committee. Now you'll recall and you and I have discussed his testimony, closed door testimony. In December, the House Judiciary Committee released the transcript of that eight hour interview as well as the video. But both Jack Smith and President Trump have one thing in common. I think it's their only point of agreement in, you know, three plus years is that they want both wanted to see his testimony in public under oath before this committee. And that's finally going to happen tomorrow, 10 o' clock Eastern Time. I will be covering it live on X. Julie underscore Kelly too. I'm sure you know be talking about it tomorrow evening. But Steve, if anyone better represents the vengeful, reckless, punitive, destructive lawfare against Donald Trump and his associates over the last few years, it is special counsel Jack Smith. And what I laid out in my piece at Substack Declassified with Julie Kelly, I outlined 10 questions, 10 areas that the Republicans need to hammer the $50 million man, I call him, he's cost taxpayers $50 million in less than two years as the special counsel. So when we can get into some of the details about what I talk about here. But it is vital for Republicans to take this opportunity and expose Jack Smith for the degenerate dirtbag that he is so the people can see what the President had to deal with for two years.
Stephen K. Bannon
As soon as we read it, we got it over to people in the Hill. I know you haven't been talking to him, but just go through the couple of three that you think are absolutely got 10 the couple three must haves that we must do. Because I'll be honest, without Gaetz, I mean they got a lot of good guys in this, but Gates was our go to guy. Without Gates, as of right now, I'm not feeling it. I'm just not. So what's your advice to these guys where the ones you load up front is the ones you got to get to?
Julie Kelly
I mean, they absolutely have to go for the jugular here. So I would say, and this was the first question that I posed that they need to confront Jack Smith with with. And this is something that the media, when they covered Jack Smith's testimony last month, completely ignored. Steve, Judge Aileen Cannon In July of 20244 dismissed the documents case after determining that Jack Smith's appointment violated the Constitution, violated the appointments clause. Because he was not appointed by the President, he was not confirmed by the Senate, he acted as a principal officer, I. E. A U.S. attorney. So she tossed the indictment. Up until the time that Jack Smith left office in January 2025, he was still signing his name, Special Counsel Jack Smith, on motions and briefs filed in the documents case. Now compare that, Steve, with what's happening this week. Actually, yesterday, Judge David Novak in the Eastern District of Virginia threatening to bring a false statements charge against Lindsey Halligan for also signing her name as U.S. attorney. Lindsey Halligan after a separate judge dismissed the Comey and Tish James indictments, finding that her appointment violated the Constitution. So again, a huge disparity in the rules. I would also speak to Jack Smith's testimony last week when he made several misrepresentations. I'll say nicely, I'd rather call them lies. He said that there were classified documents found in boxes in the ballroom and bathroom of Mar A Lago. He has zero proof of that. Absolutely no proof that any of the alleged classified files that eventually ended up in the hands of the Special counsel were in any of those boxes that were shown in those photographs off an aide's phone in early 2021. The bathroom and the ballroom. He has no proof of that. He also said that the President repeatedly obstructed the investigation into the documents case. That also a brazen Lie. In fact, I criticize the president and his team for over cooperating with the Department of Justice. How can you claim that Donald Trump was not cooperating when he let Jay Brat and three FBI agents into Mar a Lago in June of 2022? Let them walk around wherever they want it, including the storage room where some of these boxes were. The president delayed his summer relocation to Bedminster that day to greet them and told them specifically, we will give you whatever you need. Two days later, Jay Bratt, that little, I call him degenerate midget who was head of the documents prosecution in Florida, two days later, he starts pushing for an armed raid of Mar A Lago. So Jack Smith is just as recently as last month, lying about that abuse of the grand jury process, doctoring and mishandling evidence, misrepresentations to the court, including Judge Cannon. You know, we can get, there's a whole litany of things. But I would also urge, Steve, House members to back off a little bit. Their outrage about Jack Smith seeking their phone records, their toll records, they're called. We get that you're upset about that, but that is minor compared to what Jack Smith, the constitutional rights that he decimated of this president, the new boundaries that he said. And that is what House members need to remember. The real victim here is Donald Trump. Yes, we're sorry that he got your phone records. It violates his future debate clause. It also violates a few statutes. However, it's relatively harmless, although his misconduct should be punished. But that pales in comparison with what Jack Smith did for two years to this president. He needs to be fully exposed to the public and he needs to be held accountable.
Stephen K. Bannon
Because the Democrats get a say so here. So it's going to be tomorrow is going to be a fracas. And of course, Nicole Wallace, Katie Tur, all of them on MSNBC particularly, are going to be, you know, he did such a great job. He got buried going into this. What is your level of confidence that the House Judiciary Committee on the Republican side can actually deliver?
Julie Kelly
I would say it's a little better than normal. I think that the House Judiciary Committee understands what is at risk here, what is important to expose Jack Smith. I think they got their feet wet a little bit during that eight hour transcribed interview. Jack Smith can come across, you know, in this appearance anyway, very earnest, very deliberative. That is not who he is as a human being. That's not who he is as a prosecutor. And one other thing, I would love to see them drill down Jack Smith, Merrick Garland, Made it seem like he just plucked Jack Smith out of the Hague. Here was this tough war crimes prosecutor in the Hague. We just went and got him to demonstrate the independence of the Department of Justice in this probe. No, no, no. What Jack Smith disclosed, and I really credit the House Judiciary Committee and Chairman Jim Jordan for flagging this. As early as the summer of 2022, Jack Smith was in touch with Lisa Monaco, our favorite deputy attorney general at the time, her deputy, saying that he wanted to go back to the Department of Justice. If there was a position there, he would go back. Of course, he was in the DOJ under the Obama administration. He was asking for a job there for months. And what he said is he specifically asked to work in the newly created Domestic Terror unit, which had been created by Matthew Olson, the head of the National Security Division in the Biden doj, a former DOJ colleague of Jack Smith's under the Obama administration. What did the Domestic Terror Unit do? MATTHEW Olson, national security division at DOJ Domestic Terror Unit did two things. They helped pursue J6ERS and they were involved in the criminal investigation into the president and deliberations pre and post Mar A Lago raid. So Jack Smith and Merrick Garland's little tap dance that this was. Oh, we just kicked him. That's not the case.
Stephen K. Bannon
Just, just hang on. Yeah, hang on for one second. I'm holding through the break. The great Julie Kelly is with us.
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Stephen K. Bannon
Here's your host, Stephen K. Bannon. Okay, markets on fire. Last couple of days have been dumping American, you know, getting out of American stocks and bonds. Now, you know, President Trump's got in terms of greed, I shouldn't say terms agreed, a framework. He told me. He says we're not going to use military power. We were never going to use military power. That's all the people's hair on fire. It's ridiculous. But gold's closing on 5,000. Think about that, folks. We told you it's going to happen. But it's not the price. It's the process. It's central banks throughout the world buying gold at record rates as they have been over the last couple years, providing a floor silver on fire. Silver's now worth two barrels of oil. Think about that. An ounce of silver, two barrels of oil. Think about that for a second. Go to Burch Gold. Take your phone out. Bannon B A N N O N. 989-898. Text it. You get the ultimate guide for investing in gold and precious metals. It's free. There's no obligation. You get access to Philip Patrick and the team. It is not the price. We've said this for four years when gold was $1,100 an ounce or a thousand bucks an ounce. There's a process of driving the value. You understand that You've gone a long way to understanding how you get financial stability. Talk to Philip Patrick and the team at Birchgold. Do it today. Ju Kelly. Tomorrow you're going to be up on Twitter. We're going to figure somehow how to stream yours. We're going to be streaming it all day. It's going to be. It's going to be a heavyweight title fight. I hope we're bringing heavyweights. Jack Smith's good. He's tough. And he's going to do all his little phony. All his phony moves. Right? So, Julie, but I got to bring up something for you. Go. And I want you to give the substack and where you, you know, coordinates how we get there. But we started the day with Solomon telling us about sedition hunters. You tangled with these people for years. My question is how in the hell are we. One year into this and poor and poor cash has got to be going through the warehouse and finding the files where Chris Wray paid him at least $150,000 to tangle with Julie Kelly. Why are we not prosecuting these quickly enough, ma'?
Mike Lindell
Am.
Julie Kelly
So just for a backup. So anyone who follows me religiously knows I sparred with these animals for years and they would help identify or they were really part of the punishment, the process. So they would post photos and videos of individuals, they had nicknames for them, they would identify them by number and then say, please help us find this. And they were also working with the FBI, which I knew at the time. Ryan Reilly, actually the reporter, kind of wrote a whole book on this. So they were instrumental in helping the FBI not just identify these individuals, but torment them. Steve I mean, this produced so much online harassment, gave the media fodder to further torment these J6 so, I mean, I, I knew they were getting paid, I knew they were working with the FBI. I knew they were informants. I didn't know they were being paid that much. But you know, what are we going to do about it now? It looks like a lot of them were overseas, which we suspected at the time as well.
Stephen K. Bannon
No, we got to track them down. Julie, where do people go? Particularly tomorrow morning you're going to have a pregame. All that follow. We're going to follow you all day and have you back here at five o' clock to kick it off. Where do they go, ma'? Am?
Julie Kelly
Perfect. So Julie, underscore Kelly 2 at X and then declassified with Julie Kelly. I've got my whole piece up there. It's pretty long. But I think people will be kind of shocked if they're relatively new to Mr. Smith, exactly what he was up to for two years. So I hope Republicans are reading it's a prime. I know some of them are.
Stephen K. Bannon
Grace, Elizabeth and Mo. Push it out to everybody. Let's see a force multiplier and every posse member. Push it out to your friends in your circle. Circle. Thank you, Julie Kelly. We'll see you tomorrow. So much going on, so much news. Unbelievable. Trevor Comstock. Julie Kelly's looking great. How do I get a glow up? What products you got are going to make me look better? I shaved. I was so inspired by President Trump at Pericles at Athens. I shaved today. What do you got, sir?
Skincare Product Representative
Yeah, I got you. Good to see you, Steve. So on that note, we've, I did want to mention that we've had a ton of folks just reaching out recently as well as leaving a ton of reviews in regards to our tallow moisturizer of just letting us know how much has helped them during the Winter months especially, as well as with their wrinkles and their age spots. So I thought I would just elaborate on it for anyone that's not familiar. But Natal moisturizer is made with two ingredients, which is the 100American grass fed and finished beef tallow. And then we pair it with the raw Manuka honey. So no other ingredients in it, nothing synthetic or anything like that. And again, for those who don't know, the tallow is really amazing because it's almost identical to the natural oils that your skin produces, so absorbs much more deeply as opposed to just sitting on top of your skin, which unfortunately is the case with a lot of other products or at least skincare products that you see on the market. But to take it a step further, it's also loaded with vitamins like vitamin A, D, E as well as K, which your skin essentially needs to stay healthy and radiant. So that in itself is pretty powerful. But also I wanted to mention that the product is intended for both men and women. And again, it's amazing for things like dry skin, if you have eczema or any redness on your, on your skin as well, it helps bring that down quite a bit. And then again, you can use on your face, your body, your neck, pretty much anywhere that your body needs it. So like I said, it's a very versatile product. We also pair it with the raw Manuka honey, which is a naturally occurring antibacterial and anti inflammatory remedy. So that's what really helps if you have age spots as well.
Dr. Bradley Thayer
So.
Stephen K. Bannon
And it's him. And it's. It's handcrafted. All your stuff is handcrafted. That's why you go to it. People want to know how they get to you and talk to you. Where do they go right now? The website, the products, where they see them and where they talk to you and where they leave a review.
Skincare Product Representative
Yeah, definitely. So you can go to sacredhumanhealth.com and then use code war room for 10 off any one time order. Definitely. Check out the reviews. There's a ton of them, especially on the, on the Tallow moisturizer. If you have any questions, just let us know.
Stephen K. Bannon
Thank you, brother. Appreciate it. It's worth shaving. Mike Lindell. People are raving about beds, toppers, all of it. You've come off the campaign trail to come back to the studio to alert the War Room posse. What do you got for us?
Mike Lindell
Yeah, I wanted to get back here, you guys, and let you know that this will be coming to an end. But right now you Gotta get them. It's our beds and mattress toppers we put on sale for the first time at the lowest prices ever. Remember, sleep is all about technology, technology, technology. We have the MyPillow proprietary foam. We have another topper made with silver and copper put in there. And they it's all about temperature and, and pressure points. We have over 10,000 comfort supports on the queen size alone. You'll turn any bed into the most amazing bed ever. Whether, whether it's a new bed, old bed, doesn't matter. There's low as 99.98 free shipping on your entire order. You guys, if you go to mypillow.com forward/war room, there you're going to see the mattress toppers and beds. I mean there's no bed. We have a bed that's also a hybrid with coils and foam. I helped design these beds. I designed them to sleep. To get great Delta sleep, you need REM and Delta sleep. Delta is where your body needs great sleep too. And my employees and I are giving you that free shipping. Shipping's expensive. It's kind of come right to your front door. 10 year warranty, a 6 month money back guarantee. You guys, so many people took advantage of this. It's absolutely the best deal my pillow's ever given out. Made in the USA. Promo code, war room. 8008-7310-6280-0873-10 62. I'm gonna go take some calls. Promo code, war room.
Stephen K. Bannon
Do it. Let's call right now. Get Mike Lindell, the next governor of the state of Minnesota. Stick around. The second hour is upon us.
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Stephen K. Bannon
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Stephen K. Bannon
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Date: January 22, 2026
Main Theme:
A critical look at the continued distribution of $26 billion in DEI (Diversity, Equity & Inclusion) related payments by the Small Business Administration (SBA) one year into President Trump’s second term, along with how Republicans should approach Jack Smith’s congressional testimony and larger questions around lawfare and globalism.
Guest: Chris Rufo, conservative activist and author
Segment: [00:43–13:30]
Guests: Dr. Bradley Thayer (conservative foreign policy analyst), extended panel
Segment: [16:30–28:16]
Guest: Julie Kelly, investigative reporter
Segment: [34:33–44:13]
Guest: Julie Kelly
Segment: [47:53–49:08]
In this episode, Bannon and guests deliver a multi-pronged critique of both ongoing Biden-era (and “deep state”) racial favoritism in government contracting—persisting even under Trump’s second term—and of the old Davos-style global governance now said to be in retreat thanks to the Trumpist nationalist “paradigm shift.” Chris Rufo breaks the news on the SBA’s longstanding, unaudited, and fraud-ridden $26B set-aside program as evidence of institutional inertia and Republican timidity. Dr. Bradley Thayer frames recent events at Davos as “the dead hand of globalism” squaring off against Trump’s newly dominant nationalist West, declaring Trump’s latest speech of epoch-defining importance. Julie Kelly previews tomorrow’s House hearing with Jack Smith, urging Republicans to hammer Smith on his record of “lawfare,” abuse of process, and prosecutorial overreach in targeting Trump—warning against distractions and calling Smith the avatar of anti-Trump deep state vengeance.