
Episode 5136: Pam Bondi Under Fire From House Judiciary; President Trump's Soaring Economy; Revolution Consultants ...
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Stephen K. Bannon
Say that nobody's going to rain on my parade. And these numbers are what they are. And 50k. I made this hat two months ago, and the reason I made it is for exactly a day like today, all these naysayers steeped in politics continue to be negative. That's okay, because 50k says you've all been wrong. You keep from going in the water even though it's very hot outside. I say all the investment gurus out there jump in the markets in the US because global GDP is going to take a big ramp up and the US Is leading the way.
I'm going to put the language of the bill up on the screen. Chairman, may I have another question on that?
Natalie Winters
Here's a political joke and I need.
Stephen K. Bannon
To give my answer on that. We'll let the Attorney General respond and.
Kurt Mills
Then the gentleman can move to the next chairman's question.
Stephen K. Bannon
It's my turn. Within 40 minutes, you asked me a question. Within 40 minutes, Wexner's name was added back. Within 40 minutes of me catching you red handed. Red handed. There was one redaction where he's listed as a co and we invited you in. This guy has Trump derangement syndrome. He needs to get.
Natalie Winters
You're a failed politician.
Stephen K. Bannon
Mr. Chairman. Please restore his time and remind the witness of the results. You and the President nominated Eric Siebert, a 15 year career prosecutor, to be your U.S. attorney for the Eastern District of Virginia. But after five months of investigating Letitia James and James Comey, he found no evidence to justify criminal charges. So you forced him out. You replaced him with Lindsey Halligan, Trump's personal lawyer from the Mar A Lago documents case, who had zero prosecutorial experience and no qualifications. And then you were humiliated when a federal judge found that this corrupt appointment was blatantly unlawful and threw out Halligan's indictments entirely. And grand juries of American citizens have repeatedly rejected your vendettas and baseless indictments brought by the hacks left at doj. Now, with two different grand juries in Virginia voting down indictments against Letitia James in a single week. And just yesterday, another grand jury shut down your vendetta factory by rejecting indictments against the six members of Congress who. Who had spoken out to remind all service members that they have a duty to refuse illegal orders. You tried to get a grand jury to indict six members of Congress who are veterans of our armed forces on charges of seditious conspiracy simply for exercising their First Amendment rights. I hope you will heed the wisdom and the constitutional patriotism of those grand jurors and not try it again by doubling down on that humiliation as your best lawyers are sacked for having participated in the January 6th case or just flee for the exits. You can let her filibuster all day long, but not on our watch, not on our time. No way. And I told you about that Attorney General before you start. You don't tell me. No, I did tell you. Because we saw what you did in the Senate law. You're not even a lawyer. Many will be in order. I should get back at least 45 seconds. We will give you a few more seconds. I said that already. 45 seconds. Okay.
Non farm payrolls for January coming in twice expectations at 130,000. 130k. That would be the juiciest going back to April of last year when it was 158. Now if we look at a couple of months worth of revision, they came in at minus 17,000. Now let's look for average hourly earnings month over month, up 4, 10. That's 1/10 higher than both booking back and looking forward, 410 would equal October last year. You are all the way back to the summer of 24 to find a higher month over month earnings number. Let's go year over year. 3.7. Exactly as expected. 1:10 light to 3.8 in the rearview mirror. So how does that stack up? 3.7 would be the lightest since it was actually 3.6 Thanksgiving of last year. Now let's look at hours work, shall we? 34.3 that increase. That's a good thing. That's up a tenth from both what we were expecting and our last look. 34.3 would equal November to find a higher one year all the way back to March of 24. Now the unemployment rate may be the most important number of all and it moves down 1 10, 4. 4.3%. All the naysayers out there, they're going to like this set of data points. 4.3 would be equal to where we were in August of last year. To find a lower number, you're looking at June of last year. Labor force participation moved up as well. More good news. 62.5. That would be the best since it was 62.6 in April of last year.
And.
And drumroll please. The final number I'm going to give you is U6, the underemployment rate. And it comes in at 8%. 8%. Last look was 8.4. 8% would be the best going all the way back to July when it was 7.9, given that Donald Trump accused.
Natalie Winters
Them of, quote, seditious behavior punishable by death.
Stephen K. Bannon
This case was an attempt to turn the justice system into a tool for Donald Trump's vendettas. But a grand jury stood in the way of all that. New York Times puts it like this, quote. It was remarkable that the U.S. attorney's office in Washington, led by Jeanine Pirro, a longtime ally of Trump's, authorized prosecutors.
Natalie Winters
To go into a grand jury and.
Stephen K. Bannon
Ask for an indictment of the six members of Congress, all of whom had served in the military or the nation's spy agencies. But it was even more remarkable that a group of ordinary citizens sitting on the grand jury in federal district court in Washington forcefully rejected Trump's bid to label their expression of dissent as a.
Natalie Winters
Criminal act warranting prosecution.
Stephen K. Bannon
Here's what two of those six lawmakers, Senators Alyssa Slotkin and Mark Kelly, had to say about the failed attempt to.
Natalie Winters
Indict them at a press conference earlier today.
Stephen K. Bannon
Our democracy has been around for 250 years, but it is not guaranteed. From the very beginning of our nation, it has depended on the willingness of patriotic Americans to fight for it. Senator Slotkin and I, we did not ask for this. We're just the first through the breach, but you'll be damn sure that we are not going to back down. Some of you know that I recently lost my father a couple weeks ago.
Natalie Winters
And my father taught me two things. He taught me right from wrong, and.
Stephen K. Bannon
He taught me to love this country.
Natalie Winters
Senator Kelly and I have both served our country.
Stephen K. Bannon
We have risked our lives for our country. This country has given me everything. So if we have to sit here and take physical intimidation and legal intimidation to uphold the country we love, we will happily do that. On this vote, the A's are 216. The nays are 215. The resolution is adopted without objection. This is the primal scream of a dying regime. Pray for our enemies. Because we're going to medieval on these people. You're just not going to free shot all these networks lying about the people. The people have had a belly full of it. I know you don't like hearing that. I know you try to do everything.
E.J. Antoni
In the world to stop that, but.
Stephen K. Bannon
You'Re not going to stop it. It's going to happen. And where do people like that go to share the big lie? MAGA media I wish in my soul, I wish that any of these people had a conscience. Ask yourself, what is my task and what is my purpose? If that answer is to save my country, this country will be saved.
War Room here's your host, Stephen K. Band.
It's Wednesday, the 11th of February, in the year of our Lord 2026. You saw a perfect example today of reality and what's going to affect this country and citizens of this country Today in Washington, D.C. and you saw the circus. Pam Bondi gave as good as she got and it was a wild, it was a wild hearing. She was viciously attacked from the beginning. And Pam took the gloves off and she attacked back. It was pretty extraordinary across the board also, as we talked about last night. But as they took full measure, the seditious conspirators who tried to talk the armed services, when we have, you know, a carrier battle group in the North Arabian Sea, when we've still got a strike group off the coast of Venezuela, we have troops deployed everywhere. We just took cartel drones, armed drones out of the airspace over El Paso, Texas. You had senators that were telling enlisted men and junior officers not to follow orders. And of course, a Washington grand jury threw it out. That's the same issue you've got on Capitol Hill. You can't get justice in Washington, D.C. it is the nation's capital. The imperial capital is a country under siege by the far left. I can tell you that from having had the pleasure of going through the court system in Washington, no conservative can get a fair shake. He can't get justice. And of course, Judge Jeanine and others can't get justice either as they bring these cases. It's not going to happen. So my recommendation is stop bringing cases in Washington, D.C. i think Mark Kelly ought to be recalled to active duty immediately and put before a military tribunal for a court martial. And we'll go from there. Maybe you can get the others, too, but definitely start with Mark Kelly since he's running his mouth like nobody's business. Now, the reality, two huge things, reality. As we said today and walked through today with both Erik Prince and Kurt Mills, Netanyahu showed up for a three hour meeting closed to the press. There's been no readout from it so far. We do know some of the details of it. Kurt Mills is going to join me, is going to join me later. And of course, the, you know, the color revolution continues on. Natalie's going to be here with us in a moment, but I want to start with EJ And Tony. EJ we had you on, I think every couple of weeks. It was like four years. The one thing you would talk about all the time is how you didn't feel comfortable with the bureau of labor statistics, particularly the way they were presenting information and the buried lead, which nobody wanted to talk about today. Peter Navarro brought it up, is a recalculation of really, Biden lied to the American people and people should be held accountable to this over the Bureau of Labor Statistics. They ought to be perp walking people out of there. This is just not as we talked about at the time. You can have a mathematical error, you can have some sort of, you know, and do a correction on it. Maybe an algorithm is wrong, maybe the way they collect data is wrong. But I believe it was 2 million during the time of the Biden administration, including zero hedges got up of a million in 2024 as they really try to juice the jobs rates and job growth in actual jobs in the run up to the 2024 election. This is trying to steal an election. So before I get to all the great news with President Trump, because the trade deficits hitting lows now, the financial deficit, the financial deficit, I think the deficit for the country, the economic deficit was under $100 billion, which I know sounds, hey, that's still terrible. But it's not the 200 billion. You're not going to the $2 trillion deficit. You're on a different glide path if we can pull it off. But talk to me first. We've got a couple of minutes here about, I mean, I am stunned and you were put up for Bureau of Labor Statistics and we should have you in there right now. So you get to the bottom of this. Tell me about the phony jobs and the lies the Bureau of Labor Statistics and others in trying to promote a Biden presidency. Sir.
E.J. Antoni
Well, Steve, as you were saying, we've been talking about this on your show for literally years now where the Bureau of Labor Statistics reports these supposedly great numbers and then they always have to get revised down. And these aren't small revisions, they're huge. This was the biggest ever. It was almost 900,000 for just a 12 month period. And that's on top of the previous downward revisions on a month to month basis. So we essentially just found out today, Steve, that, that in Biden's last year, half, actually just over half of the supposed job growth that had initially been estimated didn't even exist. And so it helps square that circle of how on earth could you have report after report that looked so good, these economic numbers? And yet the American people always said they felt terrible about Biden's economy, it turns out, because again, literally more than half of the people who supposedly reported getting jobs, they weren't not at all. And the other thing that it really helps, I guess, to say, solve the mystery, so to speak, Steve, is we had talked again on your show a lot about how the number of jobs kept going up, even though a different survey that counts how many people are employed that was basically flat. It was really just population adjustments that were causing significant increases there. Well, today with these big downward revisions for, for 2024 and 2025, now all of a sudden those two metrics have reconverged. And so I think that gives us a little bit more a little bit more confidence in the data. Still not great, but certainly better than it was when it was under Biden. And it was as if it was a random number generator. The numbers were truly, truly horrific.
Stephen K. Bannon
No, no. When we come back, we're going to take a short break. E.J. and Tony, one of the not just nicest guys I know and smartest guys I know, actually a very kind individual. This is one of the worst, I think it's one of the worst scandals out there. How do you have a million jobs, 1 million jobs if you take out the foreign born labor and you take out the phony jobs? The Biden thing was a catastrophe, as the American people knew and American citizens knew. Short commercial break Take your phone out and text Bannon B A N N O N at 989-898. Get the ultimate guide. This guide is free and there's no obligation. You get to talk to Philip Patrick and the team at Birchgold on the Ultimate Guide for investing in Gold and Precious Metals in the Age of Trump. We've been on this now for I think four or five years. Gold's up from 10001100 to over 5000. I think it's 5100 today. It's not the price of gold once again, it's the process that drives the value of Philip Patrick and team of Birch Gold. Check it out today. Short break. A new year means new financial goals, like making sure your savings are secure and diversified. Will this be the year you finally listen to me and talk to someone from Birch Gold Group? Honestly, they're great people. I appreciate their educational approach and their understanding of macroeconomics. There are forces pushing the dollar lower and gold higher, which is why they believe every American should own physical gold. So until February, if you are a first time gold buyer, Birchgold is offering a rebate of up to $10,000 on qualifying purchases. To claim eligibility and start the process, just text Bannon at 989-898. Birchgold can help you roll an existing IRA or 401 into an IRA in gold and you're still eligible for a rebate of up to $10,000. Make right now your first time to buy gold and take advantage of a rebate of up to $10,000 when you buy by by February 27th, text my name, Bannon 989898 and claim your eligibility today. Remember, text Bannon B A N N O N to 989-898. You've got to the end of February 20th, the 27th of February to qualify up to a $10,000 rebate.
Here's your host, Stephen K. Band.
Okay, EJ and Tony is going to stick with us. We're going to get down to the bottom of the scandal. I mean the Bureau of Labor Statistics. It's a psyop. Let's go to Brian Glenn at the White House. Brian, we just had the coal ceremony about making sure we're maximizing the use of coal, which is a brilliant thing, clean coal. There was a three hour meeting. You broke the news today that Netanyahu had come through the side door. Now one of the reasons I'm trying to get to the bottom, he might have been over at EOB having the pre meeting with Marco Rubio there where he signed the, where he signed the Board of Peace. Although people in Israel, some are saying hey, any signature like that on something or participate has to be passed by the Cabinet. You haven't done it. So that's pretty controversial. Have you heard anything? Was a three hour meeting. What have you heard? They haven't made any announcements. I think there's been a readout. What have you heard?
Brian Glenn
Yeah, the only readout that I've heard is there hasn't been any really significant progress. President Trump did in fact suggest that he would love to get a deal with Iran, but if that was not possible then he would go to option number two and referenced Midnight Hammer of being perhaps Midnight Hammer 2.0. But yeah, I mean they were in there for three hours like as you said, the prime minister not making their traditional arrival along where I stand right here along pebble beach, going in the West Wing, but opted to even further. Steve, I learned it was closer to the South Lawn entrance. It wasn't even the entrance that is just off the West Wing. So it was even further out of eyes view there. But three hour meeting, not much came out of it other than if we cannot find an agreement. President Trump, he said he would look at the option number two, which would be something in the likes of a Midnight Hammer.
Stephen K. Bannon
Well, I think that's a pretty big. Because there's a big gap between the bid and the ask. Remember, Netanyahu wants a complete eradication of any of their weapons programs because they were getting hammered by ballistic missiles. He also wants these negotiations to even expand about potential regime change. I'm not talking about going kinetic. He clearly wants to go kinetic. But if he can't get that, the Iranians want it tighter and narrower. So President Trump's saying, hey, we can't, you know, because they're talking about getting away around their entire nuclear program and maybe even their ballistic missiles. There's a lot of heated talk. Kurt Mills is going to join us in a while. But there's a lot of heated talk coming out of Iran in the Middle east and Europe about the scale of this. So the president's saying, hey, if I don't get a deal, we're going to go in like Midnight Hammer. And he's bringing many more assets into the region than he had for Midnight Hammer. I mean, right now, there's one carrier strike group there in the North Arabian Sea. My understanding is that he's ordered another one to be ready to deploy quickly. So this is going down the path, and President Trump's trying to put max pressure on it, but this is going down the path of we could be in a kinetic war. We could, we could.
Brian Glenn
And we said this this morning that if you look at, you know, Midnight Hammer, it was completely different. It was flying a bomber across the world, being very precise on one target and coming back. But when you start allocating assets around that region, significant assets around that region, that suggests if there is a kinetic strike, I don't think it's going to be anything like Midnight Hammer. I think it's a little bit more of an involvement evolved strike on Iran. I think, as we have all in the posse will tell you and people that I've talked to here along pebble beach and Americans, this is something they do not want. This is not our fight. This is not our development to get involved with and regime change. And that's simply what this would be. But we'll see, hopefully, option one is what the end of the day happens, and then we don't go to this second option, which would be some type of kinetic strike.
Stephen K. Bannon
So the president reiterated today he wants a deal. He's going to try to work for a deal. We do understand he's, you know, he's asked a bunch of times, hey, is there a target set like the first expeditionary raid of the B2s coming from Nebraska, coming from the Strategic Air Command and the Navy submarines hitting him with Tomahawk missiles that took it out, as he said, ended the 12 day war in total obliteration. I don't believe he's been given that target set because as you said, the irgc, it's a massive force. It's spread all over. The ayatollah might be able to take out the Ayatollah, but maybe not the military sets. Anyway, Hegseth and the team are working that up and so far they've been magnificent. But people should understand that you're going to be on tenterhooks about whether this happens or not. Brian, the coal thing was spectacular. The I'm sure we're going to get more out of the White House on this, what's happening on, on, on Iran. But the jobs numbers, two things happened. Number one, the jobs numbers were terrific. I just don't think the White House has been so preoccupied. They haven't been pushing it out enough. We're doing it here today with, with E.J. and Tony. Also, the Save America act just passed in the House 216 to 215. So Johnson, as much as we get on him, he's, he's really running and had one Republican I think voted against it. He's having to, he's having to walk a tightrope here. But John Thune and the people in the Senate have basically said, well, we're not going to kill the filibusters nowhere. It's got 60 votes. In fact, he doesn't have Tuberville told us didn't have all the Republican votes. I think Collins has already said she's not voting for it. So what is do you have any word out of the White House what they're thinking now that President Trump needs this act, he needs to codify about these elections. Executive orders are just not going to hack it. I know it's a high priority. He tells people that every day. What do you hear?
Brian Glenn
Yeah, now as if we were in the call event. So I don't have any update on that, but as soon as we get off the broadcast here, I will go and see if we have any update on that. I will say into all the jobs report yesterday, if you notice at the end of Karen Levitt's briefing there in the press room, she kind of, I think, got a little aggravated that some of the topics weren't being asked about the jobs report and about the economy and certain numbers that have come out some really positive numbers. And she kind of struck, you know, kind of lashed out at the media for not asking the important questions of, of some of the good things that are happening. But, and, and, you know, basically, what do you expect when you stack the briefing room with media outlets that don't care to talk about the positive economic numbers that are coming out? So they want things. A Cole vent was terrific.
Stephen K. Bannon
Look, they just lied about for years 2 million phony jobs that they promoted every day when they were doing. They were doing recalculations every two months. They never got on that. It was 2 million phony jobs or 2 1/2 million, as EJ tells me, almost a million in the run up to Biden's election. The media, she ought to clear the whole room out. I mean, I don't even know why they had the briefings, because all this.
Brian Glenn
Well, they just did another seating chart, by the way. They just did another seating chart. What they did was give an extra seat to, like, Fox to Fox Radio and the CBS to CBS Radio. So everyone, everyone in the networks got additional seat to a different branch of their network. I believe the Daily Wire. If I'm not mistaken, the Daily Wire got a rotation seat with another outlet. So they are trying to, I guess, in a way, put a little bit more of the new media in there. But I still have to stand on the side of the briefing room. And, and these things are packed, Steve.
Stephen K. Bannon
This is.
Brian Glenn
The international media that is here at these briefing rooms is insane. You're still so it. It's standing.
Stephen K. Bannon
You're still. You're still. You're still teacher's pet. What do you mean? You're the. You're the. What was her name? The. The. From the upi. Helen Thomas. You're the Helen Thomas, the modern Helen Thomas. He traditionally got the first call. You do where. Social media. Where do people get you, Sir?
Brian Glenn
Yeah, you can follow me at Brian Glenn TV and I'll do everything I can to get a little bit more response from the White House in regards to the sayback in the Senate. Doug Bergen had just walked by earlier. I'll, I'll try to get with him, get a comment. You can follow me on social media at Brian Glenn TV. Steve, as always, thank you.
Stephen K. Bannon
Thank you, sir. Okay, E.J. before we get to the new numbers, I got to go back to this, folks. I want you to understand the scale of this. This is how. This is how they play. This is smash mouth. They lied about two and a half million jobs. EJ Would come here. Why. Why did EJ get selected by President Trump to be the head of bls. And it was Murkowski and Susan Collins, let's call them out. Who tanked that. You should be over there right now. For four years you sat up here and said, hey, they're gun decking this. And of course, in 23 and 24, you were the loudest person in the room saying, they're going back. This can't be just a calculation mistake. It's happening all the time. Two and a half million jobs, I think the last two years, a million jobs. In the run up to the 2024 election, they were gun decking this on purpose. They were using this as a polit. They were taking false economic data that they knew to be false and they were weaponizing this in a political context. E.J. and Tony.
E.J. Antoni
Steve, I think one of the key elements here is the fact that the economy changed wildly both during and then after Covid. And so if you want to give everybody, all the statisticians and the economists a pass for the first year or two, because so much had changed and there was a lot that they had to change in terms of models and methodologies, I think that makes perfect sense. But, and this is a big but, when the same mistakes keep happening month after month and year after year, at what point do you say this is no longer acceptable and there is no excuse anymore for these kinds of mistakes? And that's where we were back in, I think, 23. And certainly, most certainly in 2024. There was absolutely no excuse for why the problems had not yet been fixed. And in fact, some of them still are not yet fixed. There were different changes that were implemented in today's report that will hopefully adjust for how businesses are essentially created and lost in the economy and the employment impact that those changes have. But we'll have to wait and see if, if those changes actually make a difference or not. But again, I go back to my point, Steve. The fact remains that you cannot be that incompetent for that long and tell me that everything is above board. Are you really that bad at your job? Do you really have your head buried that far in the sand that these repeated mistakes time and time again that are only increasing in magnitude, in other words, they're getting worse over time. You can't tell me that everything is above board there. I'm sorry, it just doesn't make sense.
Stephen K. Bannon
Give me, give me 30 seconds on who should be accountable and what should happen here. Sir, we just can't let this pass.
E.J. Antoni
Well, Steve, unfortunately, the only person at BLS who's actually appointed is the commissioner. Everyone else is a career. So what that tells you is we desperately need the kinds of reform that the president has been talking about going all the way back to his first administration. We need the kinds of reforms that are going to allow him to reform the civil service. In other words, he needs to be able to fire a lot more of these people. They can't hide behind all of these weaselly protections anymore.
Stephen K. Bannon
EJ if you can just hang on for a minute. I do want to talk about the positive nature of this also. The deficit, trade deficit coming down, the financial deficit, economic deficit coming down. Birchgold.com Gold has been on a wild ride for the last four or five years we've been with Birch Gold. We teach you the process of what drives the value of gold and particularly why central banks are buying gold at record rates. The end of the dollar empire. You now have a Patriots edition with an appropriate purchase. You get that from Birchgold. Birchgold.com, promo code Bannon Check it out. Today the world is getting more unstable and chaotic every day. It seems like everyone, everywhere you look, there's another crisis, another controversy, another conflict or just outright catastrophe. You can't control what happens out there, but you can control how you prepare for it. You can make sure that no matter what happens, you have the basics covered in case one of these disasters reaches your doorstep. You know, things like having enough food to eat when the shelves are empty. And when it comes to my family's food security, I trust my Patriot Supply. They've helped millions of Americans get prepared and they have over 90,000 five star reviews right now. You can get their best selling three month emergency food supply kit for 100 bucks off. My Patriot Supply almost never offers a deal like this. To take advantage of it, go to preparewithbannon.com that's all one word. Preparewithbannon.com this food kit gives you 2,000 calories a day, last up to 25 years. And best of all, it's $100 off for a limited time. Go to preparewith bannon.com and get yours right now. That's preparewithbannon.com make sure you know all one word preparewithbannon.com Special deal 100 bucks off. Do it today that nobody's going to.
Rain on my parade. And these numbers are what they are and 50k. I made this hat 2 months ago and the reason I made it is for exactly a day like today, all these naysayers steeped in politics continue to be negative. That's okay because 50k says you've all been wrong. You keep from going in the water even though it's very hot outside. I say all the investment gurus out there jump in the markets in the US because global GDP is going to take a big ramp up and the US Is leading the way, eg.
Antonio, that is the great Rick Santella and he is the great Rick Santelli mocking the rest of Squawk Box to their face on the progressive Democrats they have on there that are trash talking President Trump. The business press folks, I know you don't, you know, a lot of you don't get into the Wall Street Journal, Financial Times of London or watch the business shows. It's worse than MSNBC and cnn. Here's why. You have mathematical facts you should be dealing with and they purposely go out to misrepresent it. EJ Give me a couple of minutes on the power of this jobs report for President Trump's program.
E.J. Antoni
Well, Steve, one of the really big indicators that we got out of this is the fact that in Trump's first year, because now that's what we have right? January of 25 to January of 26, that's the data that's in the books. You see that almost all of the net job growth, in fact actually all of the net job growth is going to foreign, excuse me, is going to native born Americans, not foreign, foreign born workers. It's exactly the opposite of what we saw under Biden, especially Biden's last couple of years. In fact, during almost the entirety of Biden's last year, the annual net change for jobs among native born Americans was negative. In other words, they were losing ground on net. There were more people losing jobs than gaining them. Again, that's among native born Americans. So that's a really big component here who is actually getting the jobs. Second is the kind of jobs that being created In January of 2025, that handoff month between Biden and Trump. It turns out the economy being handed to Trump was much weaker than previously estimated. And in fact, the net change in jobs that month was negative. You actually had only government adding jobs. The productive private sector was losing jobs. Now you Fast forward exactly one year to January of 2026 and Trump has flipped that script. It is now the private sector that is gaining jobs. Government is losing jobs. He has managed to push the level of federal jobs down to the lowest level since 1966. Literally six decades. You have to go back six decades to find a time when there were fewer people employed among the federal bureaucracy. That's huge, Steve. So again, who is getting the jobs, the kind of jobs that are being created or lost. And and then lastly, another big takeaway has to do with how much people are getting paid by essentially having more people in good full time jobs with benefits, high pay and not everybody having to get multiple part time jobs. What's happening is you're seeing a big increase in how much people are getting paid, in other words, the size of their weekly paycheck. But, and this is a big but, unlike under Biden when inflation ate up all of those gains, under Trump, with lower inflation, those gains are being preserved. So if you look at Steve, what can the average American buy with his or her weekly paycheck under Biden? According to the official numbers, it fell about 4.0%. Under Trump, in just one year it is up about 2.0%. So that tells you, number one, we've course corrected, right, we were heading in the wrong direction. Now we're heading in the right direction. But the other thing it tells you is that we have not yet regained all of the lost ground from the Biden years. And I think that last point is why a lot of people still don't feel satisfied with the economy. Even though things are getting better, they're still not as good as let's say when Trump left office.
Stephen K. Bannon
The first go around Trade deficit down 78%. The economic deficit down for this month below 100 billion. You're seeing the turnaround in manufacturing, period. Navarro is great today. E.J. and Tony, the best, most succinct analysis of President Trump's, President Trump's economy and the turnaround, you won't see it on Bloomberg, you won't see on cnbc, you won't see it on Fox Business. You see it right here in the war room. E.J. fantastic. Where do people go, particularly your social media story, putting up stuff all the time.
E.J. Antoni
Best place to find me is going to be on the X platform and the handle there is ejantony.
Stephen K. Bannon
I want to say something before you leave. President Trump has worked and said and the Warren Posse, the MAGA base, the Republican has said the Save America act with the voter id, purging the voter rolls and also talking about these mail in ballots is absolutely essential. We have to codify this. They pass it by one thing in the House today and the Senate's not even gonna take it up. They've already said there's not enough votes here to do a talking filibuster. And 60 votes is totally dead. Plus Tuberville told us last night don't there there people, Republican senators that tell him all the time I'm not going to vote for that. I, I'll get chopped up in the media. The same people you're telling me E.J. anton should not be the Bureau of Labor Statistics. For four freaking years he sat here and every month told you exactly what they were doing and how they were doing it. At 23 and 24 he ramped it up. So the two and a half million jobs and knowing that they, they use as a scope. This gentleman sat here every month and told you how it was happening. He knows where the people are accountable and how to fix it. And the reason he is not the head of Bureau of Labor Statistics is one reason they knew he would go in and change it. And the unit party does not want change. The same people that will not bring the Save America act to a vote in the Senate and do what's necessary for the country are the same exact people that would not confirm E.J. and Tony as head of Bureau of Labor Statistics. Sir, you're a patriot and a hero, particularly hero of mine. Thank you so much for joining us and the great work you do.
E.J. Antoni
Steve, thank you for everything you do.
Stephen K. Bannon
Thank you brother. Appreciate you. Kurt Mills three hours. There's been no real leaks about it by the way. A three hour meeting in Washington in Doha because Qatar and our allies, uae, Qatar, the Saudis who all hate and of course UAE and Saudi hate them more than Qatar but are all hate the Persians and distrust them. Maybe in business with them in some gas fields. They don't want a war because they said we're not ready for it. The Persians are gonna be shooting missiles everywhere. They're gonna take out Straits of Hormuz, they're gonna take out, they're gonna take out infrastructure and take out the gas fields. It'll be years before we pull it back. Somebody's got to listen up to us. So tell us about the tale of two cities here today.
Kurt Mills
Yeah, no, you make a very important point. This is what's actually changed considerably from President Trump's first administration. The Gulf so called. So this is Kingdom of Saudi Arabia, uae, Qatar, other nations such as Oman they are very aligned more or less against a new Iran war. I can get into why but that basically puts them off sides of Israel here and they are lobbying the administration to prevent an all out war. Even the most Israel favorable emirate, the uae.
Stephen K. Bannon
Yeah, it's not by the way, I want to say it's not these guys like the ayatollah or the mullahs. These are the guys actually back in the first term that hated them and wanted removal. Quite frankly, Saudi Arabia and UAE more than President Trump in the United States. The shift, the change has been the now they've seen as they're backed into a corner, they're concerned about regional destruction here if it goes forward. And they see how they've been weakened by President Trump's economic warfare. Though ayatollah is not in control now and could collapse. I'm not saying it's going to be pretty, I'm not saying it's going to be next week. But he's essentially been neutralized as Hezbollah and other proxy armies have, correct? No.
Kurt Mills
If anything, the UAE and Saudi Arabia were the driving force for, for Iran hawkishness more than Israel seven years ago. So it's a major shift. And so you have the region basically united against a new war. They know it'll be very ugly. It's very likely that Iran will fire missiles on numerous military installations. Of course, the Americans maintain a major military base in Qatar. And this could get ugly real fast. And additionally, even if Iran didn't have severe military capabilities, and I think they do, it's pretty easy for them to close what is called the Strait of Hormuz if they just fire a couple of missiles at these commercial vessels, no commercial vessel is going to have its crew get killed or pay the insurance on it. That could very well spike the price of oil 10, 20, $30 immediately. It could cause the markets to react to similar to how you saw the Marcus react towards Liberation Day last spring. And you know, that's going to make President Trump pretty cool to this. But in contrast, in contrast to the tariff policy that I think was in the national interest and is something that Donald Trump and President Trump deeply cares about, this is a wholly elective foreign policy adventure that has nothing to do with American national interests and, and has everything to do with perceived national interests of the Israelis. And I think that's why Netanyahu is here in Washington tonight. And that is the message he tried to deliver to President Trump. President Trump clearly hasn't made his mind up yet, but the Israelis are going to demand a series of criterion that the Iranians, frankly, would prefer to just go to war over. And the key linchpin here, the key criterion is whether or not the, the missiles, the ballistic missile arsenal that Iran still maintains is going to be on the table. Because if they give it up, there's, you know, from their Perspective, they're as good as gone as a regime. And you don't have to like these guys to understand that. There's certain rationality, especially for how, you know, American presidents before Donald Trump dealt with different rogue regimes. Gaddafi gave up his weapons in the early 2000s. What happened to Gaddafi? He was murdered by his own people. They, these, these regimes are not stupid and they're going to play their cards with fewer than they have. Pretty tight and pretty well.
Stephen K. Bannon
But President Trump, once again, first off, you had his whole discussion about Gaza. I mean, he's all in. And people, you know, got to realize he's all in with the peace plan and the redevelopment, as you said, the day. It may not help happen on his watch, but he's declaring, Mike. But actually the, the building of the new, what it looks like either Tel Aviv or a new Miami beach will not be on. And his watching list, we're fortunate enough to keep him through 28, but he's all in on this cutter in Turkey providing security and Qatar, the. Qatar, the financing. And so that was a big part of the discussion today. We haven't heard, there's a lot of, hasn't been really an official readout, but we'll get everything to you tomorrow. What should people be looking for, Kurt, tonight as you put stuff up on social media?
Kurt Mills
Yeah, I think there's every indication that there's going to be a new round of talks next week. That of course is, you know, in, in the case that nothing big happens, I. E. The US doesn't attack, the Israelis don't attack or the Iranians don't attack, first you have to remember the Iranians have their own hardliners who want.
E.J. Antoni
To go to war.
Kurt Mills
And, you know, the better angels over there are restraining them from here. You have to look at, you know, basically the dialogue. I think it was very telling that the vice president today, J.D. vance, indicated that the administration's goal is quote, unquote, only a nuclear weapon. If the, if the goal is to prevent the Iranians from just getting a nuclear weapon, then President Trump has that deal on the table right now. And it's a much better deal than the one that Barack Obama inked. If it is an expansive deal, a so called surrender deal, that the Iranians would rather just fight the war and take their chances than we are going to go to war.
Stephen K. Bannon
Your probability being a betting man right now, President Trump has said, once again, I want to deal here as you see it right now. Are we on the path to a kinetic conflict with the Mullahs and ayatollahs in Tehran. At least a succession of bombing runs on target packages. Sir.
Kurt Mills
Well, you know, the magazine internally bet on this two weeks ago and I took the under that we would not have a war by Valentine's Day. So I've got three more days to make till then. As to the zoom out on it, I still think that this has been a pretty strange series of events. The prime minister of Israel spent New Year's with President Trump in Mar a Lago. Iran was top of the agenda. The Iranians had massive protests, maybe the biggest protest in the history of the regime since 1979. They put them down pretty ferociously. President Trump had a red line that no protesters could get killed. I think evidently some certainly got killed. And still the US Moved installations into the region and still the US hasn't struck. And my suspicion and my understanding from conversations with people in the know is there's just not a clear move here. Are we going to assassinate?
Stephen K. Bannon
Kurt, Kurt, hang on for one second. I just want to hold you through the break. Natalie Winters is going to join us also in the world. We will fight till they're all gone. We rejoice when there's no more.
Let's take down the ccp.
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Here's your host, Stephen K. Bann.
Just to be clear on the Birch Gold offer for the Patriots edition, the book is free with a qualifying purchase. But talk to Philip Patrick and the team. Go to birchgold.com promo code Bannon today. Get in touch with Philip Patrick and team with a qualifying purchase. The Patriots edition. The hard copy is free and I know you'll love it. For a lot of you it's changed your life. Just really has with the run up. Patriot Mobile 972 Patriot. Make sure you go there today. It's got the best phone service in the world. As importantly, it supports the causes that you believe is a Christian company with Christian values. So go there today. 972 Patriot. You will talk to someone with an East Texas accent that will tell you all about the country and all about the company in their customer service setup. Great company. Great folks. Do it today. Kurt, you were making a great point. If you give me your closing thoughts and where people can follow you on social media tonight because I'm sure there's going to be a lot of news breaking.
Kurt Mills
Yeah, look top line on Iran and why President Trump I think should sign a deal and is thinking about signing a deal. There aren't strong military moves on Iran. If they try to assassinate the supreme leader in some ways that might make the system more nimble, could be replaced with a much younger, more capable in theory successor. And that's not a particularly attractive move if they try to enact reprisals on the regime for the killing of protesters. It's not clear where to start and you might have an Iraq redux. The president of the United States has been very clear that he is not attracted to regime change, boots on the ground type operations. And I think that is why the preponderance of the evidence is that he might take a pass here and sign a strong deal with the Iranians. As for our own work, the magazine is the American Conservative. It is a magazine founded by Patrick Buchanan and conservatives in 2002 against the Iraq war. And you can find my own work at Mils on X. Kurt Mills, thank you very much.
Stephen K. Bannon
Thank you brother Natalie, I, I really, I don't want to waste time going back over Ron. I think we spend way Too much time on it to begin with. The real fight is what you, you have on your sub stack. A pretty shocking piece. Tell me about it.
Natalie Winters
Well, it's this new term that I think we should get used to in the warm. It's called Revolution Consultants. There's this organization called the center for Applied Non Violent Action and Strategies, Canvas for short. They're funded by usaid, Open Society, really a hub of left wing protest. They're headquartered in Serbia if you can it, but they're actually hardwired in not just to of course the Democratic Party and these left wing protesters that we're seeing, but actually universities like Harvard, Tufts, Colorado College, Grinnell, they've been drafting curriculums, teaching students and activists how to protest with online tactics and tools, including books like Blueprint for Revolution. They actually have their own cutout at Colorado College in the political science department. And Steve, I think this story really gets to the heart of the issue which is what we're talking about. And frankly I think it's why is having such a difficult time engaging with these protesters, which is they're not protesters, they're regime change activists. They focus on destabilizing governments. And the key here is that they're USAID funded, they're foreign and they're using these USAID style tactics bringing them to the United States. If you read their literature, which I have, you can go read my substack. You can see the quotes. They're using intelligence community type speak, right when they're talking about the tactics, identifying pillars of support, the curriculum that they have teaching activists and students how to basically engage in revolution. Their words, not mine. And there's one other piece too on the same topic that I'd encourage people to go check out. This is not a joke, this is a real thing. The WHO now has the Immunization Agenda 2030 where they're working on rolling out mass vaccination campaigns across the country, across the world, focusing in on countering vaccine hesitancy, misinformation, disinformation and the politicization of science. So you should definitely read that story too. I think these, these work together. But that Canvas story, there's more we're going to be reporting on that but really shows you the connectivity between usaid, the global regime change movements and the protest movements here.
Stephen K. Bannon
USAID means that you, the audience are paying for it. Instead of taking the hours of preparation is three hours in a meeting. As I keep saying, the problem we've got is in the streets of New York. The problem we have is in the streets of Minneapolis. The problems we got are down here in Texas. They're not in Tehran. That's why there's a huge opportunity cost. Am I too far off base?
Natalie Winters
Natalie Winters, you're exactly right. But I also think that there's foreign opportunity costs too. I mean, when you think about between Venezuela, Iran, the strategic and technological advantages that we have revealed that the United States has when it comes to Chinese air defense capabilities, what happened in Operation Midnight Hammer with Maduro, I think is really risky, especially when you put that through what is, I think the most likely actual kinetic flashpoint of World War iii, which is what's on in Taiwan. And I think we're compromising our position when it comes to China by engaging in a lot of these other countries deploying not just depleting our weapon stockpiles, but showing some of these novel technologies that we have. But look, if you want to have a regime change war, you don't got to go to Iran. You have people who are being trained in the very same tactics here. A lot of these Iranian protesters, this group Canvas, for example, works with Iranians, works with a bunch of countries that work with over 120 countries. So it doesn't really make sense. You want to deal with radical regime change types here, we got them. You want to deal with radical Islamists, you got them in Texas and New York. You want radical anti Democrat, anti Democrat activists, you got them here. You don't need to go overseas.
Stephen K. Bannon
On Friday you joined Margaret Hoover on the classic PBS Crossfire Firing Line. Firing Line. Is that what you're doing Friday, Firing.
Natalie Winters
Line, a different debate with a fellow Gen Z left winger on all things immigration censorship. It's really going to be a good one. People can Watch it on PBS 8:30 Eastern look on your your channel setting. But an honor to join that very historic program and I really encourage the war audience to watch. It's a good one.
Stephen K. Bannon
We're, we're going to push it hard. It's going to get huge ratings. Natalie, social media, where do people follow you? Ma', am, your stuff is great.
Natalie Winters
Natalie Gwenter is substack.com subscribe check it out. Thank you, Steve, for having me.
Stephen K. Bannon
Friday, she's with Margaret Hoover and Firing Line. It's going to be classic Mike Lindell, the War and Posse. We got over a minute. They want to talk deals. What do you got for us? We got the Mega tune, the mega.
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Date: February 11, 2026
Main Topics: House Judiciary Targets Pam Bondi, President Trump’s Surging Economy, Middle East Diplomacy, and ‘Revolution Consultants’
Key Voices: Stephen K. Bannon (Host), Natalie Winters, E.J. Antoni, Brian Glenn, Kurt Mills
This episode captures a frenetic day in politics and global affairs, as Stephen K. Bannon and guests deliver insider angles on the House Judiciary’s attack on Pam Bondi, dissect the latest triumphant economic numbers under President Trump, analyze high-stakes US-Israel-Iran negotiations, and expose foreign-funded activism behind domestic protest movements in America. The tone is combative, urgent, and unapologetically pro-Trump.
[08:11 – 10:27]
“You tried to get a grand jury to indict six members of Congress… simply for exercising their First Amendment rights.” (Stephen K. Bannon quoting critics, 01:14)
[03:10 – 14:00, 24:32 – 36:13]
[03:10 – 05:13]
“All the naysayers out there, they're going to like this set of data points.” (04:30) “You keep from going in the water even though it's very hot outside. I say all the investment gurus out there jump in the markets in the US because global GDP is going to take a big ramp up and the US Is leading the way.” (00:00; repeated at 29:51)
[12:13 – 14:00, 24:32 – 27:46]
“In Biden's last year, half... of the supposed job growth…didn't even exist.” (12:36, E.J. Antoni)
“How do you have a million jobs, 1 million jobs if you take out the foreign born labor and you take out the phony jobs?” (13:58) “It's a psyop.” (16:26)
[16:26 – 23:53, 36:13 – 47:55]
(Brian Glenn reporting, 16:26–23:21; Kurt Mills analysis, 36:13–47:55)
“President Trump…suggested that he would love to get a deal with Iran, but if that wasn’t possible then he would go to option number two… Midnight Hammer 2.0.” (17:17) “This is something [ Americans ] do not want. This is not our fight.” (19:28)
Kurt Mills highlights shifting alliances: Gulf states (Saudi Arabia, UAE, Qatar) oppose a new war with Iran; risk of regional economic/military devastation is high.
“You have the region basically united against a new war. They know it'll be very ugly.” (38:13, Kurt Mills)
If diplomacy fails, risk is high for US kinetic strikes, but Trump is wary:
“President Trump…is not attracted to regime change, boots on the ground type operations.” (46:52, Kurt Mills)
The Iranian regime is resistant to surrendering key missile capabilities, seeing the fate of former leaders like Gaddafi as cautionary tales.
[48:07 – 52:11]
Natalie Winters breaks a story about the Center for Applied Non-Violent Action and Strategies (CANVAS), a Serbia-based group teaching protest and “revolution” tactics to US students and activists.
CANVAS is funded by USAID, Open Society, and partners with major US universities.
“They're using intelligence community type speak… teaching activists and students how to basically engage in revolution. Their words, not mine.” (49:25, Natalie Winters)
Winters warns of “opportunity cost”:
“If you want to have a regime change war, you don’t gotta go to Iran. You have people being trained in the very same tactics here.” (51:20)
Discussion links recent US protest movements to foreign “regime change” methodologies and funding, shifting focus from foreign threats to subversive activity at home.
Bannon (on economic data):
"This is the primal scream of a dying regime. Pray for our enemies. Because we're going to medieval on these people." (06:00)
E.J. Antoni (on BLS job numbers):
“The numbers were truly, truly horrific.” (13:08) “You cannot be that incompetent for that long and tell me that everything is above board.” (26:10)
Kurt Mills (on Gulf regimes and Iran):
“The Arabian Gulf is basically united against a new war… Even the most Israel favorable emirate, the UAE.” (36:59)
Natalie Winters (on ‘Revolution Consultants’):
“They’re not protesters, they’re regime change activists. The key here is they’re USAID funded, they’re foreign, and they’re using these USAID-style tactics bringing them to the United States.” (48:15)
| Segment | Start Time | |------------------------------------------------------|-------------| | Opening & Economic Data Rundown | 00:00 | | Accusations in House Judiciary (Pam Bondi focus) | 01:14 | | Jobs Report & Bannon Economic Analysis | 03:10 | | BLS Scandal: Antoni's Take | 12:13 | | Netanyahu–Trump Meeting Analysis / Iran | 16:26 | | WH Press Briefings & Media Critique | 22:10 | | BLS Accountability – Antoni | 24:32 | | Trump Economy & Jobs (Antoni Detailed Breakdown) | 29:51 | | Middle East Diplomatic Dynamics (Kurt Mills) | 36:13 | | Risks of New Iran War & Regional Realignment | 36:59 | | Closing Thoughts on Iran, Foreign Policy | 46:52 | | “Revolution Consultants” Exposé (Winters) | 48:07 | | Domestic Protest and Foreign Influence Connections | 49:25 | | Winters on Opportunity Costs / Global Regimes | 51:20 |
Next Episode: Continued analysis on Iran, the Save America Act, and activist movements.
For a full rundown of the episode’s actionable insights, guest social media, and links to supporting evidence, visit WarRoom.org.