
WarRoom Battleground EP 703: Trump Reinvigorates The Job Market; For The Last Five Years Net Job Growth Has Gone To Non Native Born People ...
Loading summary
EJ Anton
Be an incredibly noisy report, not just because of that large benchmark revision, but also the fact that the household survey, which is being revised right now based on census data, unfortunately, is also really problematic. The Census Bureau has already said they've had a lot of problems with their surveys recently, that the data is less reliable than usual. And so I have really very little faith, frankly, that these numbers are not going to see further revisions in the future.
Stephen K. Bannon
The other thing to keep in mind.
EJ Anton
Since there was a comment about the Biden administration and the this bringing some kind of closure, you know, this benchmark only goes through March of last year. In other words, you still have a whole nother 3/4 that are eventually going to get benchmark. And again, if you look at the most recent data from the Bureau of Labor Statistics, that points to a huge overestimation of job growth in the second quarter of last year. And the Federal Reserve bank of Philadelphia.
Stephen K. Bannon
Is saying the same thing.
EJ Anton
Their estimate for the benchmark is that you're going to lose about 800,000 jobs. And that's just for a quarter, not for a whole year. So this idea that somehow the numbers are in the books and they're never going to be revised again, I think we have to realize that that's just not going to be the case now going forward. You know, one of the things we have to consider is the fact that unfortunately, the labor market is still facing a lot of headwinds, not the least of which has to do with the fact that this nation is buried so deeply in debt. And much of the hiring that we have seen over the last several years has been based on taking on that debt. That debt obviously is going to have to eventually get repaid. And if it's not repaid in terms of what you might call a nominal rep payment, it'll still be repaid in real terms. In other words, more inflation. A lot of the government debt that was issued over the last several years has already been paid for. It's been paid for by that hidden tax of inflation.
Tony
Even my favorite stat, with the exception Of January of 1970, the unemployment rate is lower today than it was for every single month of the 70s, the.
Mike Lindell
80S and the 90s. Wow. Yeah, it's really good. Amazing. That is amazing. I would not have known that.
Stephen K. Bannon
And you know what's even more impressive? It came the move in the unemployment rate lower actually came as the participation rate increased. So more people in the labor market to 62.6%.
Mike Lindell
It makes it even more impressive that we got a drop.
Unknown
This is the primal scream of a dying regime. Pray for our enemies because we're going.
Mike Lindell
Medieval on these people.
Tony
Reasons I got a free shot.
Mike Lindell
All these networks locked, lying about the.
Unknown
People, the people have had a belly full of it.
Mike Lindell
I know you don't like hearing that. I know you try to do everything in the world to stop that, but you're not going to stop it.
Tony
It's going to happen.
Stephen K. Bannon
And where do people like that go.
Tony
To share the big lie?
Stephen K. Bannon
MAGA MEDIA I wish in my soul, I wish that any of these people had a conscience.
Unknown
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. Ban.
Okay, It's Friday at 7.
Mike Lindell
February yer of our Lord 2025. EJ and Tony joins us hot off of his hitting his marks on cnbc. EJ I want to start with the labor announcement. You've been at the forefront of these numbers are cooked. What do you think? Now President Trump's in charge. Talk to me about it.
Stephen K. Bannon
Well, unfortunately, Steve, a lot, unfortunately, a lot of the, a lot of the revisions that we've seen, people are taking, essentially they have the wrong takeaway from, from this info. You were just hearing from a couple of people on CNBC talking about the unemployment rate, talking about the labor force participation, talking about the number of people listed as employed versus unemployed. These are, this is all coming from survey data which relies on Census Bureau data. In other words, we survey a bunch of households and we ask them how many people live here, how many people are working, not working, looking for work versus just giving up looking for work, et cetera. But then once we get those numbers, we then essentially have to multiply them by how big we think the overall population is. And we use Census Bureau data to do that. The problem is the Census Bureau data is not reliable, not at all. In fact, the Census Bureau has already admitted that they really botched the last couple estimations, so much so that it even affected congressional apportionment. In other words, states like Texas and Florida should actually have more seats in Congress today than they do. So that I think helps put into some context what's going on here behind the scenes with these numbers. And also one other real important thing to remember is the fact that these statistics do not distinguish between people who are here legally or illegally. And the Bureau of Labor Statistics even admits that on their own website. Steve, that's something you and I have talked about quite a few times in the past. And so because These numbers are so inflated right now, whether it's the bad readings from the Census Bureau or whether it's getting illegal aliens factored in here, whatever the case may be, this doesn't actually represent I think in a. Well, let me put it this way. I don't think this, this is a real representation of how the average American is feeling of how the average American family has been doing the last several years.
Mike Lindell
Yeah, cnbc, they're like cheerleaders. They just take it and think and say hey, this is the greatest, lowest, you know, unemployment rate ever, ever. Be ecstatic people. I, you know, the working class people, people got two or three jobs we have right now. One of our sponsors is a credit card, you know, restructuring business and they say their business is on is gangfire because there's on fire because they said there's more credit card debt than ever. And credit card debt that's, you know, non performing for the reason that people aren't making enough money and they run up huge credit card debts. Let's go back. I want to break this down piece by piece because you've been the expert of this and you know, we don't know how much longer we have you for to, to, to you actually end up going into the and then we can't get our mitts on you on a regular basis. I want to go back to the census data. Tell the American people, tell the war and posse audience what's the problem with the census data and has it particularly manifest itself in congressional representation in Texas and Florida, maybe other places those two. Because you're hearing now oh a 2030, I'll set this right which is five years from now that given the flow of people to the south and southwest they're looking for red states to live in because it's ruled by common sense and not by left wing progressive diktat. But even now it's messed up. The Texas should have had a couple of three more and Florida should have had a couple of three more. So walk me through the problems with the census status first.
Stephen K. Bannon
Well, unfortunately Steve, some of this traces all the way back to 2020 when it was just very, very difficult to actually get census workers to go door to door and to get a realistic count of people.
EJ Anton
And so we, we had to rely.
Stephen K. Bannon
Much too which is not the point of a census. Right. Surveys make estimations. Surveys look at a small group of people and then they extrapolate from that what the general population is like. A census is supposed to actually provide a survey of the entire population. Sadly that's not what happened. But then in subsequent years, the Census Bureau makes continuous estimates literally every single year to try to measure how much population does each state actually have. And to your point, Steve, many red states, states like Texas, like Florida, were undercounted. Meanwhile, several blue states, large blue states, Illinois, New York, California, were over counted. In other words, states that are heavily Democrat have too many seats in Congress right now than they actually should. And several of these states that are overwhelmingly red have too few. And so this quite literally, especially today when you have a House of Representatives that is so closely divided, these kinds of mistakes can literally determine the apportionment, I should say the balance of power in Congress, because when you're talking about again, a balance of power that's only a couple of seats off, change in apportionment of a couple of seats is literally the difference. So now how does that impact again, what we're talking about here today with the jobs numbers? Essentially, these jobs reports are composed of two different surveys. One is a survey of business, and that's where we get things like the total number of jobs or the number of non farm payrolls. The other is a survey of households and that's where we get statistics like the unemployment rate. And, and the problem here is that things like the unemployment rate, the labor force participation rate, the total number of people employed, et cetera, all of the stats that come from the household survey right now are being skewed and they are unfortunately being, I think, over inflated. What's interesting is despite this overinflation from the household survey, there still is a huge gap that remains between the household survey, the number of people reporting that they're employed, as well as the number of jobs in the country. Now part of that has to do with the fact a lot of people are being double counted. Something that, you know, again, we've talked about on your show quite a bit in the past under the Biden administration, and you just mentioned it, with credit cards, people are having to take a second job or even a third job to try to make ends meet because of the cost of living. Under Biden, it went up so dramatically and now they had to put so much of their, so many of their expenses onto credit cards, now they're trying to dig themselves out of that credit card debt. So you end up getting double counting. Because when you survey businesses and you ask how many people are actually working at your business, the business owner doesn't say anything about if their employee has a second job. The business owner might not even know if any of their employees have a second job. And so to get those types of statistics, we look at the household survey and sure enough, it shows the number of people with multiple jobs continuously hitting record high after record high. Because again, people just literally can't make ends meet in this economy today.
Mike Lindell
I want to go back to, I tried to get this out in 20 for the 2020. We put, we put a provision in there to the Commerce Department and held up in court. But then later, President Trump was talked out about people around him but not having illegal aliens counted in the census because we said at the time, Stephen Miller myself said it's going to skew everything. Congressional representation, but also when you think about labor participation rates, all of it, eventually people, particularly the Secretary of Commerce at the time, got weak need and kind of cratered. How big a deal is that? Talk to me about illegal aliens being counted in this, in other foreign nationals rather than having a true count of American citizens.
Stephen K. Bannon
It's a great question, Steve. And one of the ways I think that you can really see the impact here is when you start breaking down those who say that they are employed in these surveys and you look at whether or not these people are native born Americans or foreign born workers. And what we see is that with this last report, it's the end of the Biden administration. So essentially the Biden administration's legacy, if you want to call it that, has been the number of native born Americans is literally right about the same as it was before the pandemic. So here we are five years later and literally no progress for Americans. And that's really odd when you consider the fact that this latest census data, if we are to believe it, shows a pretty sizable increase in the native born population. So it's very, very difficult to say that there hasn't been a tremendous negative impact with all this illegal immigration. So if we then look at not native born Americans, but now foreign born workers, we see literally all of the net job growth since the pandemic has gone to that cohort. Again, not native born Americans. You wonder why were Americans so angry in November at the Biden administration that they refused to vote for Kamala Harris and voted overwhelmingly for Donald Trump, despite the fact that they were told month after month that oh, the labor market is great, we have all these jobs. Maybe it's because native born Americans weren't actually the ones getting the jobs. And we also found out with this report too that the number of jobs that we thought we had in the economy, it was revised down every single month for 2024, the average monthly downward revision was about 620, 630,000. So again, it just goes to show you just how overstated these numbers have been. Again, something we've talked about quite a lot on your show and for not just months at this point, but years.
Mike Lindell
Okay, I want to go back to that. You're saying that the restatement was average 600,000 jobs per month for a while under the Biden regime, Right?
Stephen K. Bannon
So if we look at the, the level of jobs every single month, each of those levels was revised down every single month for 2024. And if you average out how much, how large each of those revisions were, somewhere 500 something thousand. Some were over 700,000. But the average downward revision for the jobs level was a little over 600,000, about 620 or 630,000. So again, it points to the fact that the economy was really, especially the labor market was never as good as the Biden administration led everyone to believe. And, you know, you can only tell people, I think so many times, don't believe your lying eyes, don't believe your empty wallets. At some point, people say enough is enough, and they just don't believe the tripe they're being fed anymore.
Mike Lindell
How can, how can the Bureau of Labor Statistics, I mean, is that by accident or design? How can they be consistently that bad and not have some sort of correcting algorithm or correcting management sit around the table and say, guys, this is ridiculous. We can't get, is it, are they doing it on a purpose? Are they that incompetent, or are the rules and regulations of how they have to count kind of these general surveys? In other words, is it a process issue, is it a competence issue, or is it just malfeasance, Sir?
Stephen K. Bannon
Great, great question, Steve. And I think there's an important distinction to make here. So on the one side, in terms of that first part of your question, how did we get here? How are the numbers this bad? A lot of that is procedural. A lot of that is there are things that changed in the economy after Covid, and there's no doubt about that. Right? And unfortunately, previous assumptions, previous methods, methodologies, et cetera, no longer work well today. And that is pretty clear to see in the math, right? We can go into how these matrices are constructed and everything and the different assumptions that are baked into the models, and we can actually find the problems, right? So there's nothing, there's no mystery there. The real mystery is why nothing has been done about it. Because these problems really first started becoming evident about March of 2022. Right. There were some signs before that, but you can easily dismiss that as noise. But once we get to About March of 2022, it becomes very, very clear there are significant problems. And then it becomes a question of, all right, why is it that over the last almost three years now, nothing has been done to correct these underlying issues? Right. And from that clip you played earlier, this idea that somehow these big downward revisions are over. I'm sorry, that's just not the case. The next annual benchmark is going to cover the last three quarters of last year as well as the first quarter of this year. In other words, it's going to cover From March of 2024 through March of this year. And unfortunately, the best data that we have available right now shows that that benchmark is going to be another huge downward revision. And, you know, three quarters of that is going to fall under the Biden administration. So, yet again, we're not really going to have a good sense of how bad things have been for literally another 12 months. And I'm sorry, but that's just inexcusable in an age like today where it is so much easier to collect data, especially on a large scale. You can't tell me that. That we can't do a better job. I'm sorry, but we certainly can.
Mike Lindell
Okay, I have two. There's two things that change. Number one, I've got Donald Trump's the President, and number two, Elon Musk's got Doge.
Unknown
How.
Mike Lindell
I mean, how can this continue to go on with President? Trump's going to. He's a numbers guy. He's going to want accurate numbers no matter how bad they look or how great they look. He wants to actually see what reality is. What is your recommendation now? Which a clip will get to the president if he's not watching live? And I understand he's a little tied up today down in Mar a Lago, but how. What would be your recommendation to Elon Musk, team, number one, and number two to the President United States, to sort this mess out? Because whether the good numbers or bad numbers or whether the numbers are favorable to President Trump's policies or not, he wants to see accurate numbers. So how do we get back that we can actually see what's going on is manifested in the mask.
Stephen K. Bannon
Steve, another great question, and I think you're absolutely right that what the president wants fundamentally are the right numbers, whether they're good or bad. Because if you don't start from good data, then you're never going to be able to solve the problem. Right. It becomes garbage in, garbage out. So, all right, to your question, what do we do from here? I think what you need is for Elon Musk's team, what they're doing at places like usaid. They need to go and do that at the Bureau of Labor Statistics. They need to go through that organization with a fine tooth comb and they need to figure out what does everyone there do? Because clearly there must be a lot of folks who are either doing nothing or they're doing counterproductive work in order to produce so many, frankly, garbage reports so frequently. So that's number one. Number two is I think we again need to reevaluate the procedures, the processes, how we not only collect, but how we essentially then calculate these numbers and then how we disseminate them because the old way of doing things just isn't working. This is all in drastic need of a major, major update.
Unknown
This is over.
Mike Lindell
The treasury doesn't do this. That's Commerce. Correct. Commerce Department. The Labor Department. Part of the Commerce Department.
Stephen K. Bannon
The Labor Department.
Unknown
The Commerce.
Mike Lindell
Commerce does the Census. Commerce does.
Unknown
Labor Department.
Mike Lindell
Have you had a chance to brief the new Secretary of Labor, Steve?
Stephen K. Bannon
I have not, but I would be more than happy to do so. I am shocked that the number of people I talk to who are pretty high up in different levels of government who don't understand again, how these surveys, how these reports are conducted, how they're assembled, how they're disseminated. It's really, really troubling that again, we just don't have enough people in positions of power who have a good grasp on what's going on under them, ostensibly in their name.
Mike Lindell
One thing I want to get and make sure I understand it fully because I said on the morning show there's 70 million men in working, working age, men not in the labor force day. And that is white, African American and Hispanic. Am I accurate? Is that number, what is the labor forced participation?
Unknown
Right.
Mike Lindell
But how many actual able bodied seamen are not, are not in the labor force today, sir?
Stephen K. Bannon
Steve, it's a great, great question. Now again, I would say take some of these numbers with a grain of salt because you're going to, from the, from the bad census data that we were just talking about earlier. Right. That's going to skew some of these numbers. So I'll give you a range here that we're looking at somewhere between 6 and 9 million men who could be in the labor force today who could be doing productive work. Providing, providing for themselves and potentially families. But they're not doing so now. Why on earth is that happening? A couple of different reasons. One of which is the fact that the Biden administration has expanded welfare so much under the previous administration, they not only increased how much you could get in welfare, expanded it in that sense, but also expanded it in terms of who is eligible. And they reduced things like work requirements. So it had a whole lot of very negative effects. Right. Art Laffer has said countless times, if you want more of something, subsidize it. If you want less of something, tax it. Well, they have been taxing work and they have been subsidizing non work. So it should be no surprise that you get fewer people working and you get more people not working. That's exactly what we saw under the Biden admin. It would be great if Trump could roll back a lot of that. The other big component of this has to do with illegal immigration. You know, we all start our careers, no matter where we end up, we all start our careers low skill or no skill labor. And when you flood the country with illegal immigrants who mostly have no skills or low skills, then what ends up happening is that cohort, because of the increase in labor supply, the price of labor goes down. What we call the price of labor wages. And so Americans, when they're first trying to start their careers, are being met with this very unhealthy labor market of incredibly low real or inflation adjusted wages. And again, a big portion of that has to do with illegal immigration over the last four years. And because of that massive disincentive to work. Right. You're going to have to start your career essentially earning absolutely nothing, even less than you might consider a normal start, you know, start to your career, normal first job. The consequence of that is a lot of people say, forget it, I'm not going to do that. And they sit home on the couch instead. And that includes again, a lot of these young, able bodied men.
Mike Lindell
Last question, net job growth, you're saying net job growth over how long has included that? All the net job growth is going to non native born folks, not native born American citizen. How long has that gone on for?
Stephen K. Bannon
That's from January of 2020 all the way through January of 2025. Now, the reason we go January to January instead of February 2020 to January 2025, since February is technically the last month before the pandemic, we want to go from one month to the same month in another year. The reason for that is these data are not seasonally adjusted in Other words, there are very big swings in some of these data sets that happen simply because of seasonality. Right. A lot of native born Americans, for example, take extra jobs in November or December around the holidays and a lot of them then get laid off in January. You see another surge in employment among native born Americans every July because a lot of college kids come home from their spring semester and they get a summer job and then a lot of them then lose that job in August or September when they go back to school. So you don't want to necessarily look at the month to month change. That can be very unreliable. And you might be looking at seasonality trends. So we go From January of 2020 through January of 2025 and there you see almost no change at all for native born Americans. So all of the net job growth that we've seen again over the last five years has gone to foreign born workers.
Mike Lindell
I want to repeat that for the audience before I let you go. You're saying for the last five years that the net job growth that means lost jobs and increased jobs, that all the net job growth growth has gone to non native born people, not American citizens in the last five years have really participated at zero in the net job growth.
Stephen K. Bannon
That's right Steve. And again, I want to emphasize something that we mentioned earlier and we've mentioned on previous episodes of your show too. The fact that the Bureau of Labor Statistics admits they put it in literally every single one of these monthly jobs reports. They admit that that category includes an unknown number of illegal aliens. And so this idea that somehow there is no competition among foreign workers who come here illegally or illegally, there's no competition among them. And native born Americans, I'm sorry, but that's just not the case. For crying out loud. It's called the labor market. The word market is right there in the name. It has competition.
Mike Lindell
It's unbelievable. This is where you see that kind of seething anger that's right below the surface is summarized in that statistic. And it's not an aberration. It's not one year, it's not 18 months, it's not six months, it's five years. EJ and Tony, you are quite brilliant. I'm glad CNBC has given you plenty of airtime squawk box in the shows right afterwards. Where do people get you, where to get your website with all your writings which are brilliant and your social media. And you should know EJ if you want to keep up on economics, his Twitter feed is pretty informative.
Stephen K. Bannon
Thank you Steve. Best place to find me is going to be right there on Twitter and the handle is eel ejantony. Just do me a favor, everyone look for the blue check mark because there's, there's now a bunch of crypto scammers who are impersonating the account.
Mike Lindell
Because they know that you speak with authorities. That's where they're going to try to scam people. Ej, you're a, you're a national treasurer. Thank you for being on here, brother.
EJ Anton
Thank you, Steve.
Stephen K. Bannon
Pleasure is all mine.
Unknown
Of all the guys we've men and.
Mike Lindell
Women, we've gotten into the administration. A very high priority for us is Jay and Tony, President Trump and the team name over there, that guy speaks truth to power. Unbelievable. In the labor statistics, the best guy, you know, Birch gold, another, you know, intraday high, all time high with the, with price of gold. We're not here talking. This is like a hot investment. We took on gold years and years ago to try to explain the American people. This is why we did the, the end of the end of the dollar empire. President Trump actually came out. So I'm not going to let the Berkshire nations do it. What's been doing is the American elite, American elite's been destroying the dollar and destroying the underpinnings of the dollars for decade, decade after decade because of spending. Birchgold.com, you understand it all six free installments. The end of the dollar empire, including the latest, which is this radical idea, modern monetary theory. Become the smartest person in the room. But that's not what you do it for. You do it for your country. Also understanding where you are financially. Birchgold.com, talk to Philip Patrick, the team birchgold.com bandit short break. Back in a moment.
Unknown
We've seen all the headlines. Cyber attacks on our power grids, drones in the sky, Violent attacks on everyday Americans. The ugly truth is no leader, no system can protect you from everything. And the last thing I want is to be standing in line depending on help that may never come. And when crisis hits, food is always the first casualty. Everyone needs it. And panic buying makes things worse.
Mike Lindell
You remember this from the pandemic?
Unknown
That's why I've made sure my family's prepared with my Patriot supply and their four week emergency food kit. It gives you the nutrition you need to stay strong in a crisis. With 2000 calories per day and 100% of your daily value of 12 essential vitamins and minerals, this kit helps keep you going when every meal matters. Right now they're offering 50 bucks off their four week food kit. Go to my patronsupply.com now to grab yours. Don't put this off. Now is the time to Prepare. That's my patronsupply.com to get your four week food kit today. Make sure you're prepared. The crisis is here. Health isn't just a personal issue. It's a family issue, a community issue. We're living in unpredictable times. Supply chains can break down, hospitals can get overwhelmed. And let's not even start on the natural disasters. These aren't hypotheticals. They're happening. You see it here in the war.
Mike Lindell
Room and we all know it.
Unknown
The question is simply, are you ready? That's where jace comes in. This isn't just a kit. This is a jace case. It's a lifeline. It's a personal supply of prescribed emergency medications that puts the power back in your hands. Whether it's an unexpected illness or a global disruption of supply chains, you can act fast and protect yourself and your loved ones. This February, show them you care in a way that really matters. Be prepared. Get the jace case today so you'll have the right meds on hand the moment you need them. Visit jacemedical.com and use the code bannon B a n n o n at checkout for a discount on your order. That's jacemedical.com promo code Bannon. Get the jace case and do it today. Hey, we're human. I don't always eat healthy.
Mike Lindell
I know that's shocking.
Unknown
You don't always eat healthy either. That's why doctors created field of greens. A delicious glass of field of greens daily is like nutritional armor for your body. Each fruit and vegetable was doctor selected for a specific health benefit. There's a heart health group, lungs and kidney groups, metabolism, even healthy weight. I love the energy I get with field of greens. And I mean I love it because I need it. But most of all, I love the confidence that even if I have a cheat day or a burger, I can enjoy guilt free because of field of greens. It's the nutrition my body craves daily. It's the nutrition my body needs daily. And only field of greens makes you this better health.
Mike Lindell
Promise.
Unknown
Your doctor will notice your improved health.
Mike Lindell
Or your money back.
Unknown
Let me repeat that. Your doctor will notice your improved health or will give you your money back. Let me get you started with my special discount. I got you 20% off your first order. Just use code bannon. That's b a n n o n@fieldofgreens.com that's code bannonieldofgreens.com for 20% off. Your body's gonna love it. You're gonna love it and we're gonna.
Mike Lindell
Love it here at the Worm because.
Tony
We need you healthy pressure on in every possible way. But that really hit those cartels in the pocketbook like you wouldn't believe. They were making sometimes more money than they were on drugs out of that. And now that's gone. The only thing they have left now is fentanyl and drugs. And now you got Mexican military guys getting right in between them and back of them are the U.S. marines with, you know, reapers and all kinds of surveillance stuff. So I think things are going to go kinetic. I have a source that's a really good source. I'm not going to obviously say it is telling me that there, there is tabletop planning right now for the immediate future to using US Intelligence and certain Mexican units to go kinetic on narcotics depots on fentanyl lab and places like that. When that happens, I mean, get ready, there's going to be fireworks. That's just that these cartels are money hungry, they're brazen, they're incredibly well armed from, you know, making billions and billions of dollars on the human smuggling for four years. What do you think they did with that money? They invested it in arms. And they are armed up to the teeth and they're gonna, they're not gonna just sit back there and let and lose their drug business. They're not without a fight. So I anticipate some fireworks.
Stephen K. Bannon
Military, our troops, US Military at the border with weapons, using weapons if need be.
G
They need to protect themselves. But the cartels again, I mean you give the cartels warning if you armor, border patrol agent or a soldier, the whole world's going to come down.
Stephen K. Bannon
You.
G
President Trump is a strong president. He, he is strong enough. He has the ability to wipe them off the face of the earth. Now that's the reason they were called terrorist organizations, designated terrorist organizations. Because they've killed more Americans with their fentanyl and their drugs than any terrorist organization in the world. They are now designated terrorists. Do not harm our troops or President Trump will bring hell rain down. And he has the ability to wipe them off the face of the earth. They can claim they're a pretty tough organization, the cartels, and they are, but they're not stronger than the power of President Trump.
Mike Lindell
I want to tie it back to EJ and Tony. Remember, there's no net job growth over the last five years for American citizen. Embrace that for a second net job growth over five years with the Biden regime putting on, I think, six or $7 trillion on that national debt. We're running $2 trillion deficits every year, $2 trillion deficits in all those years. And net job growth did not go to American citizens. How does that happen? American citizens. 60% of the American citizens can't put their hands on $1,000 in cash. 60% of the households. And what Homan and Bensman are telling you is not simply the fentanyl. We got to make sure that the country's hermetically sealed. You can't have any more invasions of illegal aliens. You got to stop the invasions. You have to then deport all the people to get wages back. Right. You then have to stop the scam on all the visas, all the phony visa programs that let indentured servants, particularly from South Asia, who are exploited, the exploitation of those folks in here to compete with American labor over the last five years, given the fact that they ran up trillions of dollars of national debt and have deficits of $2 trillion a year, which American citizens have to pay back. You're the ones paying the interest on it. Not no net job growth for American citizens. Embrace that.
Unknown
That's the scam.
Mike Lindell
That's the con. And finally, President Trump designated the cartels as, as terrorist organizations to allow us to go to all types of things about stopping their financing, but particularly ability to go kinetic. And the Mexican military is going to be part of this. But you heard Bensman right there they're working on right now. And you heard Homan and you saw the in zero hedge the other day. We sent the almost, I guess, like the old AWACS aircraft down, the spy aircraft, like a platform down Baja, searching out what the cartels are doing over the mainland. And it's going to go kinetic because these cartels have to be broken to stop the fentanyl, stop the human trafficking, but also send a signal there's a new sheriff in town and we're not going to just let our country be invaded anymore.
Unknown
This is outrageous.
Mike Lindell
You're left with the debt that's caused inflation. You have to pay back the crowding out so the entrepreneurs like Mike Lindell can't get capital, the crowding out of capital.
Unknown
And if it had net job growth.
Mike Lindell
Of, I don't know, 10% for the American citizens, it'd still be tough to rationalize, but you could kind of make an argument. Well, this was to build job, a job force for American citizens. But it's the exact opposite. 100% of net job growth in the last five years have gone to non citizens, not people, not native born Americans. I'm not a nativist, but working class whites, blacks, Hispanics deserve a shot here. And they don't need to compete against the world in their own country. In their own country they can compete against the world and their manufacturing, what their labor rates are, productivity rates, all of it the same with the kids coming to these engineering schools, they can compete with the world in the world. They shouldn't have to compete with the world for a job, particularly for an entry level tech job in their own country. It's not what their grandparents built this country for their great grandparents, their parents. This is an obscenity. It's the twisted logic, the twisted logic of the people that run this country. And Homan and Benson are telling you that this thing with the cartels could go kinetic.
Unknown
I believe it's going to.
Mike Lindell
I think you have to very quickly cut them off from every source of financing and banking and use the Swiss and cut them. You have to choke them down, like eventually have to choke down the Chinese Communist Party. But eventually I think you have to drop the hammer. And I believe Mexico is going to be at the tip of that. I think President Schambaughn has been different than her, particularly her mentor who I think was kind of owned by the cartels. She sent 10,000 troops to the border. We've sent troops to the border. I think something's going to happen. I think they're going to lead the way. But hey, since it's a terrorist organization, it gives us wide latitude for paramilitary operations. You think that sounds turbulent enough? You saw the markets today with President Trump even talking about reciprocity on tariffs and he's talking that because of the Japanese, the meeting with the Japanese, you saw the markets all over the place. This is why more than ever we lay out the macro case all the time. We lay out the geopolitics more than ever. You got to go talk to the guys at Birchgol. Philip Patrick. One of the things we do with sponsors and make sure that we deal with these folks and that you will have a relationship with senior management. Mike Lindell is going to be here in a moment. You've seen it's been a great partnership between the war room and Mike Lindell and Mypilla. Because Mike Lindell is available, people can call him, people see him, talk to him about it. He's a great guy, very open and not just part of the movement, the MAGA movement, one of the foundational members, but just a great guy that people are accessible to. So is Philip Patrick the team. That's why Birch gold is kind of on fire. Want to make sure you go to birchgold.com Bannon enter the Dollar Empire. Get all the information. They got another brochure, investing a gold in the Age of Trump, which I think you need to read because it's very, it's very smartly laid out. But then talk to philip packing birchgold.com bannon do it today or just take your phone. Text Bannon at 989-898. You get all the different information. Our 401ks are already those details are what the Birch goes. Walk you through. Mike Lindell. Big day.
Unknown
Faith office announced.
Mike Lindell
Pam Bondi signed the task force on making sure that Christianity is no longer attacked by what taxpayers pay for a government and they end up attacking Christians. It's ridiculous. You've done the cross. Talk to me about that. Your faith, what the cross shows today being kind of the culmination of 48 hours national prayer breakers yesterday of President Trump's support of Christianity.
Unknown
Absolutely. And Steve, you know, it's kind of funny when back in the day, everybody, when I was my only call center and I wasn't even saved yet, I hadn't completely surrendered my life to Jesus Christ, but I always wore my cross. And I'd have people calling up going, you're just using your cross to sell pillows. And I, I said, no, I always wear my cross. And I would literally email them or text them pictures of me wearing my cross. When I was in the crack house is when I used to be an addict. So I always wanted to be that person. And I did a full surrender February 18th of 2017. Everybody but God was always chasing me. And I'll tell you what our faith has done these last four years, everybody, when people came up to me all the time and they're saying, mike, you know, when you spoke at the rose Garden in 2020, you said, God has given us grace for such a time as this. And they go, this sure doesn't feel like grace. Well, you know what? The last four years, you know, and I kept telling everyone, you know what, God uses all things for good and that those who believe. And look what's happening now, the manifestation where, you know, that the above of the four years and even longer than that, this spiritual battle of epic proportions, biblical proportions. And to see things like, you know, Pam, what an awesome job. When you said before, Steve, too, I want to bring this up, you said you talked about the illegals and the cartels. You know, my recovery network that's being attacked now, the Christian network. This is all, you know, all the drugs and people that are on drugs and stuff and the fentanyl that poured into our country. But one of the things everybody, when we, when I talked to, when we were doing our flipping Democrat program and we were in Chicago, the number one thing there was the illegals taking their jobs. And also even about the, the fentanyl pouring up, people had, had died from the cartel. So you have two things. All these problems getting solved now or at least, at least the doors getting shut on. You know, God's allowing to shut doors that no man can open and open doors that no man can shut. We're coming into a new amazing time in history for Christianity and for people. I'm so excited to see the things. Every day is a new excitement.
Mike Lindell
Talk to me about, I mean, you've done so much work on the stealing of the 2020. You're one of the first guys to say it was providential, quite frankly, that it was stolen because we see much more.
Unknown
How has this been for you?
Mike Lindell
I know the campaign, you did such work. You worked like crazy. You now had a chance to spend more time with the business. But what are these first couple of weeks meant to you, the days of Thunder?
Unknown
Well, it's been, you know, people say, Mike, you've been vindicated. You've been vindicated. You know, and you guys, for me, my big goal is to get us to secure our election platform so 2020 never happens, happens again or any other election. We want to have elections, not selections. Our great president wants us to get to a day where we have paper ballots hand counted, same day voting, voter id. What a concept. So that's where I'm at, Steve. I think it's going to be a lot easier for my teams to move forward and get to that point before the 2026 elections. And I'm going to be bringing full reports to the White House of what we did the last four years, where our successes are right now and you learn all these things. We learned so much the last four years. So I am, it's, for me, it's almost like it's a big relief in that space because there's so many politicians now that I got to meet over the last four years. You know, I know every, every, you know, most of the Attorney Generals, most, a lot of the Secretary of State. So there's some, there's actually some good ones that were put into place. We actually have before we had not now we have just a handful. And, and then everyone that President Trump has been appointing, they're all, they're all going, wow, this one's all for securing election. This one over here, they're all for the same thing we all want. And this is just not just Republicans. This is all people, people want to have secure elections. And you know, so that's where I'm at and I'm very excited. I feel as we move forward here, we get to cpac, we're going to do, this is going to be like a relaunch. Everybody that we're doing and my teams where we're just, we're going to, over the last month, we've just kind of digested all these successes where we, what states we think can get to that point before others. We're also, I'm going to work with our president from the top down, what he can do to get to that great day where we have secure elections. Remember, I think it was Obama deemed our elections critical infrastructure when we got to treat him as such. But there's a lot of things by him doing that that come into play like, hey, maybe you shouldn't have machines made with foreign parts in our elections. There's a lot of things like that, Steve, that come into play that we've learned now and we've got great teams on the ground and, and, and then now we have a White House and an administration that's going to help us get to that point that we've been fighting for.
Mike Lindell
Tell me about, tell me about the crosses and tell me about the great special you've been running that you guys.
Unknown
You guys, we want, we want everybody at the War Room policy. It's kind of like a reward. If you've never tried a MyPillow 2.0. We have. It's called the War Room exclusive collection. This is a multi use MyPillow with all the cases. We have five different cases for $9.98, everybody with free shipping. We're gonna put a strict limit of 15 on it because once they're gone, they're gone. I'm kind of humbled. The one with me holding the flag is almost gone on, by the way, everybody. But this gives you a chance to try MyPillow, a very functional pillow and these that were made during these times of saving our country. So you go to the MyPillow website, go to MyPillow.com, make sure you all scroll down till you see our great leader, Steve Zerfeit. Click on it. And there you get the crosses. This is a war room exclusive. Save 30%. There you see the 998 pillow special. All the other pillows now we put the premium my pillows. We've sold 83, 84 million of the MyPillows now. And you guys made that possible. We put every one of them on sale for the war room posse. And we've got the perkill bed sheets we just put on sale for the exclusive for the war room posse. But I always want to tell you guys when we have this free shipping for the promo code war room on your entire order. Take advantage of the mattresses and the mypillow mattress toppers. Both of them. We have mattress pads too. 100% made in the USA. Helps all my employees. It helps helps us sponsor this great show and it helps you get the best sleep in history. We all need sleep now. Now we're proactive before we are reactive. The last four years learned it. Now we're proactive. We still need great sleep and great energy because our work's not done. And we're going to get there and it's going to be amazing.
Mike Lindell
Mike Lindell, thank you so much. Look forward to seeing you cpac. It's gonna be great. It's gonna be fun. You're gonna do some relaunches. So it's gonna be fantastic. MyPillow.com promo code Warham, go check it all out today. Sir, you've done great work laboring or laboring in the vineyard. Thank you, brother. Before we leave tonight, especially tomorrow, we're going to be at Harvard. We're going to be broadcasting live from Harvard from Harvard Square. And we're going to have some interesting guests on tomorrow. You don't want to miss that show. I'll actually be speaking later in the day over at Harvard Square and it's going to be quite, quite fascinating. Have not been back in quite a while. Cpac go to cpac.org war room get a 20% discount. The tickets are only 76 bucks. With a ticket you now just get all the fort what, four days at at CPAC or three days at cpac? We're also going to do a force multiplier academy. We're also going to do an entry start a party on I think Thursday night. We're going to do a brunch on on Sunday morning. I don't know. May throw in another party in Saturday. Who knows? It's going to be a great time to meet and greet all the Warren Posses. So go to cpac.org worm tons of free stuff. You get 76 bucks for a general mission ticket and you're going to get all types of other things. We're going to be broadcasting for all three days there with Real America's Voice. Got a special. Since we've created so much noise, the Warren Posse is so loud and unruly. As we love you, we're going to have our own special kind of stage. It's going to be down near where, where the Patriot Mobile is going to be. Also Megyn Kelly and all the big podcasters are going to give do their podcast right next to us in this little setup so they can have a live audience and maybe we'll jump over there and participate. We're really looking forward to it. Very excited. So cpac.org war rooms 76 bucks is the ticket. Make sure you get it. We'll see you there. Force Multiplier Academy on Wednesday, the day before then we're going to have a party on Thursday night that all you guys are invited to. We're going to put that up so you can rsvp. You have to have a ticket to RSVP to the, to the, to the Force Multiply Academy and to the party. And we're going to have a farewell brunch for everybody on Sunday that'll also be totally free for everybody and we may even do a party on Saturday if I can figure out a venue and how to have it. So my point is, you're gonna have a great time. CPAC.org I'll be a, I'll be one of the keynote speakers. Give you the time and date on that later. But looking forward to seeing everybody. Meet and greets, breakout sessions. Our entire crew be back. Everybody from, from Grace Chong, Mo Bannon, Jane Zirkel, whoever hasn't gone in the administration. The great Natalie Winters will be there, everybody. And today the president talked about, talked about tariffs on autos. I told you in the morning show that was going to come up. Up. It did come up. It's a big deal for President Trump. It's a very big deal for President Trump. So it came up today.
Unknown
It's going to be more turbulence.
Mike Lindell
Markets kind of all over the place. Gold near all time highs. It hits an all time high, then maybe backs off a little bit. It's not that it's an all time high, it's the reason it's an all time high. That's what you need to know. We lay it all out for you and all the Free information we put up@birchgold.com but Philip Packard and the team can talk to you about how you get into gold, how you do it. Maybe on a tax deferred basis or tax free basis. Birchgold.com talk to Philip Patrick or go Bannon B A N N Owen at 989-898. You get everything free when you talk about this confrontation. Japan today was talking about defense. Defense against what? Defense against the Chinese Communist party. And a big part of that was about the supply chains. And remember the Chinese Communist party can cut us off at any time because they control 100% of what's called API, active pharmaceutical ingredients. Yes. They make 100 of it. Generics, I think they do 80%, India does 20. But that 20% India is tied to active pharmaceutical ingredients. Where does that leave us? Jace Medical get the Jace case. Jace medical took Rosemary Gibson's book and turn it into a business. She warned us about the supply chains. They did something about it. Dr. Sean Rowlands and the team. So go to Jace medical.com put in band and you get a discount. Do that today. Okay, we're going to leave you with the right stuff here on a Friday. Want to thank everybody. Tomorrow morning will be from Harvard Square at Harvard University. A show you're not going to want to miss. So we'll see you tomorrow morning at 10:00am Eastern Standard Time. And we leave you with the masterpiece the right stuff.
Unknown
Hey, we're human. I don't always eat healthy.
Mike Lindell
I know that's shocking.
Unknown
You don't always eat healthy either. That's why doctors created field of Greens. A delicious glass of field of greens. Daily is like nutritional armor for your body. Each fruit was doctor selected for a specific health benefit. There's a heart health group, lungs and kidney groups, metabolism, even healthy weight. I love the energy I get with field of greens and I mean I love it because I need it. But most of all I love the confidence that even if I have a cheat day or a burger I can enjoy guilt free because of field of greens. It's the nutrition my body craves daily. It's the nutrition my body needs daily. Daily. And only field of greens makes you this better health.
Mike Lindell
Promise.
Unknown
Your doctor will notice your improved health.
Mike Lindell
Or your money back.
Unknown
Let me repeat that. Your doctor will notice your improved health or we'll give you your money back. Let me get you started with my special discount. I got you 20% off your first order. Just use code bannon. That's B A N N o n@fieldogreens.com. that's code bannonieldogreens.com for 20% off. Your body's going to love it. You're going to love it and we're.
Mike Lindell
Going to love it here at the Worm because we need you healthy human.
H
Really trying to fill this gap of quality supplements and of course, the beef liver being our flagship products. For those who don't know, beef liver is loaded with highly bioavailable ingredients such as vitamin A, B12, zinc CoQ10, etc. And because it it is 100% grass fed and natural, your body is able to absorb these nutrients far better than taking any other synthetic multivitamin or any other synthetic vitamin in general. So we have some other amazing products, but if you'd like to check us out, you can go to sacredhumanhealth.com and cheers to your health.
Unknown
700,000Americans every year. Yes, heart disease is the number one killer every year, year in and year out. Heart disease builds over time. Hypertension, high blood pressure, bad cholesterol, diabetes, all of it affects our heart. A healthy heart is key to being energetic as we get older. It is never too early to take care of your heart. You see, heart disease sneaks up on us. You can start in your 30s and when this happens, you're at serious risks by the time you turn 60. If you want to take care of your heart and those you care about, please go to war room health health.com that's war room health.com all one word war roomhealth.com use the code war room at checkout to save 67% of your first shipment. That's code war room at checkout to save 67% and do it again. War Room Health all one word war room health.com go there today. You need if you're going to be part of the posse, you need a strong heart. You need a lion's heart. How we're going to do that is with salty. Go there, do it today, check it out.
Summary of "WarRoom Battleground EP 703: Trump Reinvigorates The Job Market; For The Last Five Years Net Job Growth Has Gone To Non Native Born People"
Released on February 7, 2025, "Bannon's War Room" hosted by WarRoom.org provides an incisive analysis of the labor market under the Biden administration, highlighting significant flaws in census and labor data reporting, and the consequential impact on American job growth.
The episode opens with EJ Anton expressing skepticism about recent labor reports:
"[00:00] EJ Anton: Be an incredibly noisy report, not just because of that large benchmark revision, but also the fact that the household survey... is less reliable than usual."
Stephen K. Bannon underscores the uncertainty surrounding the data:
"[00:28] Stephen K. Bannon: The other thing to keep in mind."
A primary focus is the reliability of census data, which forms the backbone of labor statistics. EJ Anton criticizes the Census Bureau's recent performance:
"[00:28] EJ Anton: ...the Census Bureau has already said they've had a lot of problems with their surveys recently... the data is less reliable than usual."
Bannon elaborates on the deficiencies in the census process:
"[07:02] Stephen K. Bannon: ...some of this traces all the way back to 2020 when it was just very, very difficult to actually get census workers to go door to door... a census is supposed to... provide a survey of the entire population. Sadly that's not what happened."
The inaccuracies in census data have tangible political repercussions. Bannon highlights the skewed congressional apportionment:
"[07:15] Stephen K. Bannon: Many red states, like Texas and Florida, were undercounted... while several blue states... were overcounted. This... can literally determine the apportionment, the balance of power in Congress."
The discussion transitions to how flawed data affects perceptions of the labor market. EJ Anton points out:
"[03:31] Stephen K. Bannon: ...these statistics do not distinguish between people who are here legally or illegally... this doesn't actually represent... how the average American family has been doing."
Mike Lindell adds context about the labor participation rates:
"[02:05] Stephen K. Bannon: ...the unemployment rate is lower... the participation rate increased to 62.6%."
However, Bannon contends that the numbers are inflated:
"[05:34] ...we we had to rely... it's being skewed and they are overinflated."
A critical revelation is that net job growth over the past five years predominantly benefits non-native born individuals:
"[22:26] Stephen K. Bannon: ...from January of 2020 all the way through January of 2025... almost no change at all for native born Americans. So all of the net job growth has gone to foreign born workers."
Mike Lindell reinforces this point:
"[23:43] Mike Lindell: ...net job growth in the last five years have gone to non-citizens, not people, not native born Americans."
Bannon attributes the lack of job growth for native Americans to policy decisions and illegal immigration:
"[16:45] Bannon: ...the Biden administration has expanded welfare... and they have been taxing work and subsidizing non-work... illegal immigration... has flooded the labor market, driving down wages."
He further explains the systemic issues:
"[19:24] Stephen K. Bannon: ...between 6 and 9 million men... could be doing productive work but aren't... expanded welfare... reduced work requirements... illegal immigration... depresses wages, discouraging native Americans from entering the labor force."
To address these issues, Bannon proposes intervention from private sectors and policy overhauls:
"[18:35] Stephen K. Bannon: ...Elon Musk's team... need to go through the Bureau of Labor Statistics... reevaluate the procedures, the processes, how we collect and calculate these numbers."
Mike Lindell emphasizes the necessity of accurate data under Trump's leadership:
"[16:37] Mike Lindell: ...President Trump is a numbers guy. He wants accurate numbers no matter how bad they look... How do we get back to accurate numbers?"
The flawed labor data and skewed job growth have broader implications on the economy and societal well-being. Bannon warns:
"[13:55] Bannon: ...the economy was really, especially the labor market was never as good as the Biden administration led everyone to believe."
He connects economic policies to the national debt and inflation:
"[01:48] EJ Anton: ...the nation is buried so deeply in debt... more inflation... hidden tax of inflation."
The episode of "WarRoom Battleground EP 703" offers a critical examination of the U.S. labor market, highlighting significant discrepancies in data collection and representation. Stephen K. Bannon and EJ Anton argue that flawed census and labor statistics misrepresent the true state of the economy, particularly disadvantaging native-born Americans in job growth. They advocate for comprehensive reforms in data collection methodologies and policy adjustments to rectify the systemic issues affecting the labor market. The discussion underscores the urgency for accurate data to inform effective economic policies and ensure fair job opportunities for American citizens.
Notable Quotes:
"These numbers are so inflated right now... this doesn't actually represent... how the average American family has been doing." — Stephen K. Bannon [03:05]
"Net job growth has gone to non-native born people, not native born American citizens for the last five years." — Stephen K. Bannon [22:26]
"President Trump is a numbers guy. He wants accurate numbers no matter how bad they look." — Mike Lindell [16:37]
"The labor market was never as good as the Biden administration led everyone to believe." — Stephen K. Bannon [13:55]
This summary encapsulates the core discussions and insights from the podcast episode, providing a comprehensive overview for those who have not listened to the full broadcast.