CORNYN "JUDGEMENT DAY IS COMING", TEXAS ELECTION NEWS, SAVE AMERICA ACT | WAR ROOM AM W STEVE BANNON

Summary

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Podcast Summary: Real America's Voice — War Room AM with Steve Bannon

Episode Title: CORNYN "JUDGEMENT DAY IS COMING", TEXAS ELECTION NEWS, SAVE AMERICA ACT
Air Date: May 22, 2026
Host: Steve Bannon (with Caroline Wren, Eric Bolling, Joe Allen)
Produced by: iHeartPodcasts

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Episode Overview

This episode of War Room AM with Steve Bannon dives into the volatile Texas Senate race, the Save America Act, GOP infighting, and wider national issues such as AI regulation, energy, the economy, and global tensions in the Middle East. The recurring theme is "accountability" for establishment Republican leaders (notably John Cornyn) and the urgency of institutional reform in both the Senate and beyond, with a heavy focus on grassroots conservative activism. The episode traces consequential dynamics between MAGA loyalists and establishment Republicans, highlights legislative roadblocks and political maneuvering on Capitol Hill, and ventures into policy debates on AI, national security, and global markets.

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Key Discussion Points & Insights

1. Texas Senate Race: Cornyn vs. Paxton and the MAGA Revolt (02:45–07:26)

• Caroline Wren & “Political Candidate” (likely a Cornyn opponent) dissect the GOP feud:

  • Negative ad warfare is escalating, with calls for "Judgment Day" for Ken Paxton due to legal scandals and whistleblower fallout.
  • Paxton's baggage, including lawsuits and credibility issues, is seen as a significant threat to GOP stability and Trump's Texas coalition.
  • The looming May 26 primary is framed as a moment of electoral and moral reckoning.

• Quote (Political Candidate):

  "Judgment Day is coming for Ken Paxton, maybe in more ways than one... I believe that accountability is critical and I do believe that May 26th will be judgment day for Ken Paxton in Texas." (02:57)

• Wren on unity and the Trump effect:

  • Trump is regarded as a kingmaker; his endorsements and messaging percolate through all levels of the party.
  • Texas is crucial; losing it could cost the GOP nationally, draining resources from other Senate battleground states.

• Quote (Political Candidate):

  "Ken Paxton would be an albatross around the neck of the Republican ticket in November. If I didn’t believe that, I wouldn’t literally be running today." (06:35)

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2. The Save America Act and Gridlock in the Senate (07:26–13:57)

• Bannon underscores the act’s centrality for Trump’s agenda:

  • The MAGA grassroots are locked in a battle with establishment Senators (Cornyn, Thune, McConnell), who are accused of stonewalling.

• Caroline Wren on Senate obstruction:

  • The only viable path to passing the Save America Act is “nuking the filibuster” (reducing the vote threshold to 51).
  • Establishment figures are reluctant, especially those not seeking re-election ("they love to just obstruct what this country wants and what President Trump wants").
  • She frames this as a battle between "new blood" MAGA Republicans and "old guard" Trump-skeptics.

• Quote (Caroline Wren):

  "The only way to pass the Save America Act is to nuke the filibuster, because you’re never going to get 60 votes. The Democrats cannot vote yes for this, even though they know it’s common sense. But they will never win an election again if it passes." (11:24)

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3. Attacks, Polls, and the Battle for Republican Identity (13:57–16:46)

• Paxton’s expected victory is discussed:

  • Trump’s endorsement of Paxton is seen as decisive, but even without it, “Texas voters knew how bad Cornyn was.”
  • The scale of establishment spending ($125 million for Cornyn vs. ~$12 million for Paxton) is set up as a symbol of grassroots vs. beltway.

• Culture war angle:

  • Wren lampoons supposed Democratic hypocrisy, noting that “morality” accusations against Paxton seem hollow when juxtaposed with controversial statements and behavior from Democratic Senate candidates.
  • Notably, she references Graham Platner (running in Maine), contrasting Republican and Democratic scandals.

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4. Senate Dynamics, Filibuster, and GOP Pathways (21:33–28:04)

• Debate on the filibuster:

  • Wren argues the filibuster is a tool for lobbyists and a barrier to real change: “The biggest benefit of the filibuster... is K Street, the lobbyists and the corporations.”
  • Calls to “nuke the filibuster” are positioned as a MAGA litmus test, with the future of the GOP hinging on primary outcomes and replacing old-guard senators.

• Quote (Caroline Wren):

  "The filibuster is not something that was in our Constitution... The lobbyists are the ones who facilitate all of that." (22:36)

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5. State-Level Power Plays and Redistricting (28:04–30:51)

• South Carolina & Alabama redistricting campaigns:
  • Wren details procedural maneuvers and pressures in the South Carolina senate to advance GOP-friendly redistricting.
  • On Alabama: Wren is skeptical about further gains, depicting the practical limits of grassroots pushes in certain states.

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6. AI Regulation, Executive Orders, and Silicon Valley Influence (31:06–43:00)

• Joe Allen joins to assess the turmoil over Trump’s AI executive order:

  • The order was pulled at the last minute, apparently due to lobbying by tech billionaires (“Zuckerberg and Musk and David Sacks”).
  • Bannon likens the need for an AI framework to the Atomic Energy Commission post-nuclear; there must be accountability and oversight.

• Allen critiques “China competition” rationale:

  • He calls the argument for unfettered AI development to compete with China “absurd,” warning that unchecked progress will turn citizens into “atrophied cyborgs.”
  • Advocates for bipartisan, robust regulation that genuinely protects the public and national interests.

• Quote (Joe Allen):

  "If Americans become these atrophied cyborgs without even the benefit of the superpowers that Elon Musk is promising, I’m not really sure how long-term America remains competitive..." (38:27)

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7. Oil, Energy, and Global Conflict (44:03–49:32)

• Bolling and Bannon break down the global economic stakes:

  • Tensions around the Hajj holiday, Strait of Hormuz, and no “regime change” momentum in Iran.
  • Oil prices are volatile; expectations of continued inflation and energy instability dominate.
  • Trump’s desire for lower prices and the limits imposed by geopolitical reality are emphasized.

• Quote (Eric Bolling):

  "You can’t attack a Muslim country during the Hajj… the oil industry is looking at higher oil prices for another five, six days, which also tacks another probably week or so onto the backside when oil does come down." (44:03)

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8. The Fed, Interest Rates, and the AI Productivity Gamble (54:05–60:05)

• Appointment of Kevin Warsh as Federal Reserve Chair:

  • Discussion on the historic impact of the Fed chair (compared to past tenures and rates).
  • The US is “a highly leveraged bet on AI productivity increases,” meaning that economic success assumes massive job losses and a restructuring of the labor market.

• Quote (Bannon):

  "We’re a highly leveraged bet on AI having productivity, massive productivity, earth shattering productivity increases… which means massive job cuts, no career opportunities for young people…" (57:27)

• Summary of the economic dilemma:

  • Even with a return to energy dominance and a resolved Iran war, structural headwinds persist.
  • The challenge: balancing economic growth with technological disruption, managing inflation, and keeping America competitive.

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Notable Quotes & Timestamps

• "Judgment day is coming for Ken Paxton... because I believe that accountability is critical" – Political Candidate, (02:57)
• "Ken Paxton would be an albatross around the neck of the Republican ticket in November." – Political Candidate, (06:35)
• "President Trump is obsessed with passing the Save America Act... he won’t stop." – Caroline Wren, (09:52)
• "The only way to pass the Save America Act is to nuke the filibuster, because you’re never going to get 60 votes." – Caroline Wren, (11:24)
• "We need new blood and people that actually support Trump’s agenda." – Caroline Wren, (11:55)
• "The filibuster is not something that was in our Constitution... the lobbyists are the ones who facilitate all of that." – Caroline Wren, (22:36)
• "If Americans become these atrophied cyborgs without even the benefit of the superpowers that Elon Musk is promising, I’m not really sure how it is that long term America remains competitive..." – Joe Allen, (38:27)
• "We’re a highly leveraged bet on AI having productivity, massive productivity, earth shattering productivity increases... which means massive job cuts." – Steve Bannon, (57:27)

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Timestamps for Important Segments

• Texas Senate Race/Negative Ads — 02:45–07:26
• Save America Act, Filibuster & Trump Strategy — 07:26–13:57
• Polls, GOP Infighting, Moral Controversies — 13:57–16:46
• Filibuster/Battle for Senate Control — 21:33–28:04
• Redistricting Moves in SC/AL — 28:04–30:51
• AI Regulation & Tech Lobby — 31:06–43:00
• Energy, Oil, Iran, and Hajj Complications — 44:03–49:32
• Federal Reserve, Inflation, AI’s Economic Disruption — 54:05–60:05

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Memorable Moments

• The phrase "Judgment Day is coming" repeatedly used as a rallying cry for MAGA accountability.
• Trump’s active maneuvering in Texas, the Senate, and on the Save America Act, with surrogates emphasizing direct pressure on establishment Republicans.
• The ironic contrast between GOP and Democratic scandals as Wren lampoons candidate Graham Platner.
• Bannon likening forthcoming AI regulation and oversight to the nuclear era’s Atomic Energy Commission, underscoring deep skepticism of Silicon Valley motives and the need for new institutional guardrails.

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Concluding Thoughts

This episode vividly captures the MAGA insurgency against Republican elites, the high political and legislative stakes in Texas and Washington, and the unease about America’s technological and economic trajectory. The calls for accountability, grassroots action, and institutional overhaul permeate the discussion, as do open worries about the future of democracy, governance, and global stability.

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Transcript

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[Stephen K. Bannon]

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[Caroline Wren]

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[Eric Bolling]

mobile.com Ken Jackson said he's going to

[Caroline Wren]

stop negative ads on television. His PAC has vowed to do the same thing. Will you do that or how do you feel about him saying he's going

[Eric Bolling]

to do that at this stage in

[Stephen K. Bannon]

the race when it's not over, you

[Political Candidate (possibly a Ken Paxton opponent)]

know, Judgment day is coming for Ken Paxton, maybe in more ways than one. But the election on May 26 is the first time he will actually have been held accountable for all of his misdeeds. He lied to his senior staff who turned him in to the FBI because they he was interfering with a federal investigation with his campaign treasurers. When he fired them, they became whistleblowers, sued him and got a $6.6 million judgment against the state of Texas. That's you and me. He's not going to have to pay that you are. And then he's lied to the American, the people of our great state. And so the question arises, why on the world, on what possible basis would you trust Ken Paxton? So, no, we're not going to, we're not going to quit telling the truth about his record because I believe that accountability is critical and I do believe that May 26th will be judgment day for Ken Paxton in Texas.

[Stephen K. Bannon]

If Ken Paxton is the nominee, would

[Caroline Wren]

you vote for him?

[Political Candidate (possibly a Ken Paxton opponent)]

I've said I will support the ticket.

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And a quick follow up question.

[Caroline Wren]

After the March primary, President Trump said that he would be endorsing someone in this race and that he would ask the other candidate to drop out. You obviously are not dropping out. You're fighting through having events all over the state of Texas. Your message for President Trump about you staying in this race?

[Political Candidate (possibly a Ken Paxton opponent)]

Well, I think it's significant that the president hasn't made that request. He's called me a friend and that's no, no surprise because I've supported him and his policies. You may have seen a commercial or two to that effect. 99.3% of the time, actually. It's funny. A quick story. I was in Dallas and visiting at First Baptist Church there, and one of the associate pastors came in with his two young boys and he said, we told him on the way to church we were going to, they were going to meet Senator John Cornyn. And they piped up, he's voted 99.3% of the time with President Trump. And I said, well, that's great. The message is getting through, but it's the Wrong demographic. But no, this is going to be, we're, we're running through the tape and we're here to ask for every vote that we can get. And I think that will be justice for Ken Paxton. But if Ken Paxton, with the incredible baggage that he brings into this election, were to somehow end up being the nominee, he could well lose that race to James Talarico. We haven't elected a Democrat statewide in Texas since 1994. You know what that would mean not only for our state, but President Trump's agenda. Because the money that would have to be spent here in Texas to salvage a flawed candidate like Ken Paxton has to come from somewhere. And where it would likely come from is other key Senate races around the country, like Georgia, North Carolina, Michigan, New Hampshire. It would be hundreds of millions of dollars and there's still a good chance that he would lose. But even if he somehow, by some strange occurrence, happened to become the nominee, it will not, he will not be winning by the kinds of margins that would be necessary to help down ballot. And so just to be specific about that, that means the five new congressional seats that President Trump wanted Texas to draw, which we did draw, those will all be right below the Senate race on the ballot. And then you get to the state races, and then you get to all the other statewide races. Ken Paxton would be an albatross around the neck of the Republican ticket in November. If I didn't believe that, I wouldn't literally be running today. But I'm proud of what we've accomplished in our state. I know it's worth fighting for. And that's why we're fighting to win this election.

[Stephen K. Bannon]

Yeah, you're fighting, you're fighting. Judgment Day is coming for, for, for Corny and La Civita. The $150 million which the ads have gotten uglier and nastier and there's a poll. Caroline Wren's going to join me here Friday 22nd May, year of early 2026. Kicking off our Memorial Day coverage, got an amazing special tomorrow. I'll tell you more about it. And then obviously we're live on Monday again with four hours of coverage from 10am to 2pm on all the commemoration by President Trump and at Arlington National Cemetery and all of it. Caroline Wren, Judgment Day is coming. I believe in accountability. What Cornyn said, the President of these United States just put up on truth, social pass, the Save America Act. He's obsessed with it because he understands how important it is for the country. Connect the dots there. You actually came up with A strategy. You gave Cornyn a path to victory. All Cornyn had to do was to work with Thune and pass the Save America Act. And unprecedented in American history. Ken Paxton, being the patriot that he is, understanding how important this is for the president's agenda, how important it is for MAGA to. He offered himself up. No politician in the history of the country has said, hey, if my opponent will do his job, just do his job and work at the President of the United States, I will step down after spending, I don't know, 20 or 30 years as attorney General in other positions that he would basically give up his political career. And he's worked so hard the last three or four years to be U.S. senator. It's never happened before. That's what got people's attention on a national basis and obviously locally. The grassroots in the war room know what the servant's heart is. What Ken Paxton has. Tell me about John Cornyn, because John Cornyn has just told you he's going to go out ugly. There's a new poll out that buries John Cornyn, but I wanted to have him in all his glory again with Accountability Day. You know, Judgment Day is incoming. I believe in accountability. You're going to be held accountable, Cornyn. You're going to be humiliated. On Tuesday, La Civita, your entire team are going to be humiliated. Spending $150 million to destroy the grassroots effort in Texas. Let's understand what happened here. And Ken Paxton, Caroline Wren, thoughts and observations.

[Caroline Wren]

Yes. I mean, President Trump is obsessed with passing the Save America act because he ran on it. He ran on securing our elections and not allowing illegals to vote and closing our border. We were able to close the border, but the rest major part of his agenda is in the same America act, which the Senate is refusing to pass. And so he's going to keep hammering on this. He won the popular vote running on this. He won't stop.

[Stephen K. Bannon]

Slow down, slow down, slow down. I want to make sure people understand that it's not that they refuse to pass it. They're not working on it. We covered the whole thing with Mike Lee, the Brave, Mike Lee, Eric Schmidt. That was all performed. They tried their best. Nobody in the Senate backed him up. That was all performative for two weeks. It's not. The Senate's not passing it. Caroline Cornyn. And these guys refuse to work on it. And they just put it up in President Trump's grill. We're just gonna go home and go on another holiday and maybe take a codell because we're Too busy. We're so far from passing that. And the President Trump is. Some free advice from the war room. I love the tweet. I love the Truth Social. I love it. But. But, hey, that process starts with removing John Thune. Your grassroots base, the MAGA base, is turfing out John Cornyn on Tuesday. If you now take that and turf out John Thune now, there's no other way. Caroline, help me out here. Is there any other way than the removal of the leader of the United States Senate, ma'? Am?

[Caroline Wren]

No, because the only way to pass the Save America act is to nuke the filibuster, because you're never going to get 60 votes. Because the Democrats cannot vote yes for this, even though they know it's common sense. But they will never win an election again if the same America act passes. So you're not going to get any Democrats to vote for it. And then, look, the Democrats that are refusing or the Republicans refusing to pass this are the ones that are on their way out. Look at Senator McConnell, Senator Cassidy, Senator Tillis. And now, you know what this is amazing about? What Cornyn is showing his true colors. This is what we were talking about for the last six weeks on this show as to why Cornyn could not have another six years is because it is dangerous to have these senators that we know hate the Trump agenda, hate maga, to be in the Senate without having to knowing they're not going to run for reelection again. Because Cornyn, there was no way he's going to run for another term after this. He is too old. So right now, he is proving to us exactly what he told we were warning you guys about. We need new blood and people that actually support Trump's agenda. And because these guys on their way out, they love to love to just obstruct what this country wants and what President Trump wants. And they want the Save America act passed. They want free and fair elections, and they do not want illegal aliens voting in their elections. It is that simple. And you have to nuke the filibuster. And John Thune is unwilling to do it. And we would have to have 51 votes. But right there, you've got McConnell, Tillis. Now, I'm sure Corden said he would do it. Now he's definitely not going to. And so this is the box that we're in. But I hope President Trump, he shouldn't cave on any of this and he should keep pushing them on it.

[Stephen K. Bannon]

When you came up with this structure and Ken Paxton hit the bid right away, and really took ownership of it and embraced it. Cornyn, here's the thing. Cornyn didn't really lift a finger. He actually had a path to remain in the Senate. But Caroline, you know how they work. They were never going to pass that. Why are they not going to pass it? Because it empowers the grassroots in this country. And remember, they're all about. They are. The Senate is the institution in which the ruling class of this country controls the. It's the legislative branch that the biggest donors control. That's why Cornyn had a path to save himself. Let's put that poll up again. He's going to be humiliated. On Tuesday, he talks about Judgment Day. Judgment Day is coming, bro. Accountability's coming. Once you gave him a path to victory and he didn't take it, why? Because he thought he could just, he thought like they always do, he could just bluff his way through here. Caroline Wrenn.

[Caroline Wren]

Yeah. And President, I mean, Ken Paxton, a few days ago, a poll came out, he was up 11 points. He was already going to win this. And then Donald Trump rightfully did come out for him. But now these senators lashing out against Trump, it's like, okay, he was. Even if Trump hadn't endorsed Paxton was still going to win because the Texas voters knew how bad courting was. But now it looks like Paxton could end up winning by 20, potentially 30 points on Tuesday. And that is just going to be a resounding defeat of a four term incumbent U.S. senator that spent $125 million to Ken Paxton's maybe 10, 12 million. And so this will send shockwaves around, you know, DC, the political culture, and I'm very excited about it. But my favorite framing that's coming up is you have cornyn and the D.C. establishment keeps saying, oh, Ken Paxton, he's morally challenged because he allegedly had a brief affair while he was separated from his wife. Meanwhile, the Democrats have a Senate candidate in Graham Platner. Ken Paxton's to be running a Graham Platler. They're going to be screaming about Ken Paxton maybe having this alleged affair. While Graham Platner has a Nazi tattoo, he said he likes to masturbate in porta Potties. And yesterday, my new favorite Graham Platner post was that he posted that active duty military Reddit thread. He said that soldiers should spend their leave banging hookers in Thailand instead of getting slapped by their wives back home. Direct quote from Glenn Pattner. So explain to me the people that are going to be yelling about Ken Paxton's immorality while Defending Graham platner being a U.S. senator. Graham is of course running against Susan Collins in Maine, but the framing is going to be amazing.

[Stephen K. Bannon]

But hang on. Platner's up six. Platner is going to win. It's going to win going away. Why Susan Collins voted to remove Trump from office in the United States Senate.

[Caroline Wren]

MAGA understands that Susan is in a D 12 state. We should let her do whatever the heck she needs to do. She was there for us when we needed her vote on Kavanaugh and others. You are not going to convince me on this. And by the way, every public poll in 2020.

[Public Investing Sponsor Announcer]

I don't need to.

[Stephen K. Bannon]

I don't need to. I don't need to convince you. I'm not trying to convince you. I'm just saying what the facts are. You can just tell the grassroots in this country are not motivated by any of these candidates. The only candidates got is, is, is Rogers in Michigan because they're going to nominate a, nominate a, a radical Muslim right now. That's why the Senate's got to pass the Save America Act. I haven't seen. I haven't seen Collins. You just mentioned Collins. The one that. No votes. You can't have it both ways. She's not going to get any support.

[Caroline Wren]

She's against every no vote that she takes. We have to give her the space to do it. If you're in the grassroots in Maine, do not listen to Steve. Go vote for Susan Collins. I want.

[Stephen K. Bannon]

I'm not following. I have never, I've never, I've never told any. I've never told anybody not to vote for. I'm just saying with the feedback up there is. The reason is such little enthusiasm. She voted to, she voted to remove President Trump from office, full stop. She and Murkowski are the last two. That's just a fact. She's. She's one of the biggest nos on Save America. You can't have it both ways. Anyway, short break. We're gonna go to South Carolina. Caroline Wren leading the charge. Little fire in the war room on a Friday morning to kick off the Memorial Day weekend. Birchgold.com make sure you go. We're gonna have, by the way, the second hour of the show. We're gonna be in the East Room for the swearing in of the chairman of the Federal Reserve. Coming into a buzzsaw right now. President Trump wants a rate cut, of course. 10 year treasury up. Bolling's going to be with us. Jim Rickards is also going to join us. Go through all of it. Take your phone and Text Bannon at 989-898. The Ultimate Guide for Investing in Gold and Precious Metals in the Age of Trump.

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[Stephen K. Bannon]

Here's your host, Stephen K. Ban. We're bringing in now Caroline Wren, Senator Collins campaign I'm just kidding. The the indefatigable Caroline run. We're going to get to South Carolina a minute, Caroline. Joe Allen is going to join me on the EO of the executive order on artificial intelligence. Bolling and Rickards are going to be here. Talk about the economy, particularly interest rates tied to the war. They've come back to us with a response. President Trump's not going to be happy, but progress is. They're trying to grind through. And we're going to go to the East Room for the swearing end of the chairman of the Federal Reserve. Caroline, let's go back to the Save America act because that's what the grassroots are spoken on because they understand how important it is. Also correct me if I'm wrong, doesn't because because of the restrictions on illegals being counted and voting that it actually puts Nevada and New Mexico really in play so we can pick up two new states. What is your when you talk to the president, what is your logic here of how we're actually going to get this done? How are we actually going to get passed?

[Caroline Wren]

If illegals truly can't vote and you rein in mail in ballots, then I'm not sure what state the Democrats could win. Like maybe you could still win Oregon, Washington state. I'm not even sure they could win California if you really clean up our elections. That is why the Save America act is so lethal and why it has to get done. But there's no way to get it done without getting rid of the filibuster and I think we should talk about the filibuster for a minute. The filibuster is not something that was in our Constitution. There is nothing in the Constitution about having to have 60 votes in the Senate to pass a bill. This was something that was added in later. And the biggest benefit of the filibuster and the 60 vote threshold is K Street, the lobbyists and the corporations because it forces the senators to have to horse trade with each other and horse trade across the aisle. It is those lobbyists that do the wheeling and dealing and trading on different votes. Fine, all crossover and vote for this for you. But I want my funding for X. The lobbyists are the ones who facilitate all of that. Not to mention, if you only have to have a simple majority to pass a bill, then it is very dangerous for major corporations, major insurance corporations, major pharmaceutical companies. It will be way easier to target them and say, hey, you are no longer going to take advantage of the American people. We have 51 votes to shut down the activity that you're doing and you can keep plug and play with different industries on this. And it was the corporations and lobbyists that put in this 60 vote threshold and that have stopped us from are the ones who are the most opposed to lifting the filibuster. Now those are the same corporations that fund, you know, the Senate leadership fund on the Republican side, also on the Democrat side. Now the Democrats just had such a revolt against the filibuster last term that they had enough speak out that it's gone for them. Like they, they, they have said when they come back in, I'm sure, I'm quite certain almost every single Democrat senator on record has said the filibuster is gone when we take over the Senate again and we're going to pass at a 51 majority. So it's now the Republicans who are refusing to and they're acting like Trump is asking them to do this impossible thing. No, President Trump is asking you to do what the entire Democrat caucus has already publicly said they're going to do, which is pass bills at a 51 vote threshold.

[Stephen K. Bannon]

Isn't soon sending people home is going to be about leadership. I mean, there's been a revolt. They have treated President Trump like a lame duck. The Senate has not been in recess formally one day while President Trump's been president in his first term or his second term. Now they treat him on every aspect, every part of the Trump agenda that doesn't totally fall into what their donors want, they block. So we're in a conundrum right now. They don't have 60, they don't have 51. Right. So, so what then are we to do, Caroline Wren?

[Caroline Wren]

We need to win these Senate races and then we will certainly have 51. Think about it. I mean, Andy Barr is going to replace Mitch McConnell. Boom, there you go. That was one of the no votes. Thom Tillis is gone. We've got to get Michael Watley and boom, there's a replacement to that. Bill Cassidy's gone. Julia Letlow has said she will nuke the filibuster. There you go. That's, that's the pathway. We have to lean in so hard to win these Senate seats, to remain in the majority and then replace the ones that are against this, which were, you know, Cornyn now says that he, he would vote to say, yes, I'm okay with nuking the filibuster, but please, Kim Pax will be an actual leader on this. And if we make this a referendum on the election, which it is, this is what President Trump leaning in on these primaries and defeating these people overwhelmingly, that is the referendum on nuking the filibuster. So I think it can happen as soon as we, if we can just retain this majority after November, then I think the filibuster could be gone and

[Stephen K. Bannon]

we win these seats. And you believe by winning these seats that convinces Thune we are supplicants to John Thune, that the grassroots movement, the MAGA movement and President Trump go as a supplicant to John Thune and say, pretty please, we delivered all this for you, that you worked against us, particularly against Cornyn and all these other situation, Cassidy, all these other situations, but we delivered for you and continued your brand leadership. Were you pretty please pass the Save America Act? Is that the plan? If that's a plan, okay, I'm down for it. Let's look. That sounds like at least President Trump loves optionality. That's an option. But is that the option you're saying right now in May of 2026, our best option is to wait till the 5th of January of 2027 when we've swept the Senate and we, we hold still a couple of seat majority and we deal with John Thune as leader?

[Caroline Wren]

I'm not saying it's the best option. I'm saying it's the only option. There are not the votes to lift the filibuster right now, and so we can blame Thune or not, but like the no votes are quite obvious and they are Thom Tillis and they are Bill Cassidy and they're Mitch McConnell and they are Lisa Murkowski and then, yes, Susan Collins. We already fought about that. And so those are the no votes. Whether or not it doesn't matter if our majority leader is Barrasso or Mike Lee or Rand Paul or, or there's not. We don't have the votes. That is, you know, so that I don't want to rail too much on Thune, promise. Thune, maybe we don't exactly know. He hasn't told us what he thinks. He is just saying these are the no votes. So my point is that we need to. Three of those people are already definitely going to be gone and we're going to have Republican replacements. And then we need to hold some of these other seats. That is Susan Collins. And then I do think that in January we can. And that you have two years then to really ram through Trump's agenda.

[Stephen K. Bannon]

Okay, good. Let's go to South Carolina quickly. Your bomber command, obviously, it's a very sophisticated crowd in this South Carolina Senate. Right. They know how to roll. And they don't like a lot of, I take it they don't like a lot of outside recommendations of how they should, how they should react to things, Ma'. Am.

[Caroline Wren]

Well, the posse has been very successful in putting pressure on them. So we are moving forward right now. I mean, it was dead on arrival a couple of weeks ago. And so right now, there's going to be a major procedural vote that takes place around midday today that will be to suspend the rules of the state Senate debate around the redistricting bill. And it's a major kind of test vote for passage. And this will tell all the other senators, like, how hard to fight for this or not. And if it passes, then we're off to the races. We need 31 votes for passage. I think we have about 38 Republicans. We do not. I'm not sure if we have those 31 votes. That's what we're going to see in this test vote. You know, they, some of them feel invincible because they're not up for another two years. I made the point, I was speaking to some state senators yesterday. It said, look, Bill Cassidy voted to impeach the president five and a half years ago, and the voters did not forget and Donald Trump did not forget. So just that you're up in two years, you're doomed. So if it does fail, or that vote does fail today, though, we're not dead. It just means that we still have to see it through the entire timeline. And if we're up against this timeline of early voting starting next week. And so right now, you know, there are different procedural plays I can tell you. The White House is all over this. The governor is all over this. Lieutenant Governor Pam Evan is all over it. So I still have hope, but it's not a done deal.

[Stephen K. Bannon]

Last but not least, about the people are all over this. We'll keep everybody informed on this throughout the day. And we'll give you Caroline's Twitter feed, which we'll go to. Last thing, there's been a lot of noise on the Internet about Alabama that is still possibly go seven because in South Carolina we're talking about getting rid of Clyburn Burns, his district and going seven over there. There's a possibility in Alabama, I take it, at least what I'm seeing analysis up on up on the Internet that is still possible in Alabama. Do you buy that?

[Caroline Wren]

No. The speaker of the House in Alabama said absolutely not. And then the governor is 81 years old and I don't think has any appetite. It was hard enough to get her to do the first special session. So I believe it's Morgan Murphy who put that up, who is an absolute rock star. He's one of the people who really forced this to happen to even get that one seat. But that was even such an uphill battle that I just, I don't want to send the posse down roads that are going to be impossible down that road already.

[Stephen K. Bannon]

And you know, we don't want to, we don't want to chase rabbits. That's why you do that. You do the hard lifting first and let us know what's going on. Caroline Wren today on your Twitter feed. You want to keep us up to date on all of this. Where do people go?

[Caroline Wren]

Ma', am, it's at Caroline Wren on X. True Social getter.

[Stephen K. Bannon]

Caroline, thank you. Thank you for everything you're doing and thank you for coming on this morning. Appreciate you.

[Caroline Wren]

It was fun to be the Susan Collins spokesman. Today.

[Stephen K. Bannon]

It's Caroline Wren. You're a fighter. You're practical. Got to hold the Senate. I'm all for holding the Senate. I'm saying they got to do something to fire people up. That main race going to be is going to be. And Susan Collins used to be a neighbor. She was right in the neighborhood with the, with the war and posse looked on the, looked on the building of the worm every day. Joe Allen last in a dramatic fashion, the executive order got pulled and now we know it got pulled because the former czar, David Sachs either contacted Zuckerberg and Musk they talked beforehand or afterwards, we don't know. But with all the work the White House staff did and as you know, we didn't love it, but at least starting a process, it gets pulled. We got about a minute here. What's your assessment?

[Joe Allen]

Well, it appears that I was correct as we were speaking about it yesterday. The President was influenced by those who have the biggest vested interest in making sure these guys never really have any government oversight, that they're self regulated.

[Stephen K. Bannon]

But he's, you know the staff worked very hard on this. This is a very well thought through. We didn't love it. We liked it. We thought there were some big issues about voluntary being a voluntary system versus mandatory 12 days to review it versus three months having the intelligence service, particularly NSA involved here. The biggest thing and this is what Axios picked up as I call the buried lead. Scott Besant having an active role in this. Scott Besant is unimpressed with the oligarchs. He doesn't think they're particularly mature. He doesn't think they they really put the interests of the country first. He understands their and he's willing to fight for it.

[Joe Allen]

Perhaps literally.

[Stephen K. Bannon]

Exactly. He's already thrown down with Elon once and got. And what was that over? That was over. That was over. I think it was, I don't want to jump that about oh irs. It was about irs. It was about irs. It all reports to Scott now and it was about Elon wanted his guy there like Elon wanted his guy in, you know, to get his IPO done. He had to have the guy Isaacman come back for NASA, give him more contracts, give him more no bid contracts. So they didn't want, they did not want Scott Bessant, they did not want an adult to have anything to do with this. That's where they went into panic mode and Sacks worked on every turn of this. So at the last second, trust me, they had one of those senior guys read it and said hey, pull this thing because you're setting up a process.

[Public Investing Sponsor Announcer]

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[Martha Stewart]

is Martha Stewart from the Martha Stewart Podcast. Ever wonder how to make hosting look effortless? Here's a secret Getting ahead of the Mess with New Reynolds Kitchens Countertop Prep Paper Just lightly wet the counter beforehand so the paper grips and stays in place. Then lay down the Reynolds Kitchen's countertop prep paper so drips and spills stay on the paper, not all over your kitchen counter. You can roll out dough, prep a party spread, or cook alongside family. When you're done, cleanup is as simple as lifting the paper and revealing that clean counter underneath. Effortless. You can use it for cooking and baking, prep and even crafting, especially when you need extra working space. Because when the mess is already handled, you can focus on what matters the food, the people, and the moment. It may look effortless, but now you know it's Reynolds Kitchens Countertop Prep Paper. Take a tip from me. Wet it, set it, prep it. Done. Make it easy. Make it with Reynolds Kitchens Countertop prep paper available now in the Reynolds Wrap aisle in Walmart, Target, Amazon and Costco.

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[Caroline Wren]

Hey campers, it's Jan from Toyota. This summer, we're headed to Camp Toyota and the fun starts now. We're kicking things off by kicking up mud. Jump in campers. We're going off roading in a 4Runner. Next, we're heading to the hot springs in Arav 4. And finally, park your Tundras the in Tacomas around the campfire because we're roasting marshmallows Dart here.

[Public Investing Sponsor Announcer]

Dealer inventory may vary.

[Eric Bolling]

So you're participating. Toyota dealer for details.

[Public Investing Sponsor Announcer]

Event ends June 1st. Toyota. Let's go.

[Caroline Wren]

Places.

[Eric Bolling]

War room.

[Stephen K. Bannon]

Here's your host, Stephen K. Ban Ebola. We're talking about our staff here. The AI. We're going to have a cut about these graduations. The executive order. Here's the thing about the executive order, folks. Take a deep breath. Trust the process. This is the first time this was not on children's safeguards and all this others, which is all being worked on by other people. And I realize every day we don't have an executive order, some sort of regulatory appraise is a day that the oligarchs are winning. I got that part. But the staff are of the White House put their shoulder to the wheel. And through many iterations we had something. It wasn't perfect. It was voluntary versus mandatory. It was 12 days versus three months. It didn't have some other accident. But NSA was involved. The intelligence community was involved. Scott Besant was involved. Right. Because of the financial jeopardy of our financial institutions. About the AI and cyber combo. And it set a structure for the first time. It set a structure and it had a process. We could make those processes tighter and tougher over time. They understood these are not dumb people. Mark Zuckerberg and Elon Musk and David Saxyn understood what they were doing and that's why they ran. The President said, please just tear it up. We don't want anything. We're totally accelerationist now. They totally lie to him every day about China, about the China situation. We need to deal with China and the ecosystem we have allowed these entrepreneurs to build around China and make money. Your thoughts about that?

[Joe Allen]

Yeah. The China argument is absurd to me for a number of reasons. The biggest being what is it exactly that we're competing to be against China? I can understand from a military perspective, if the military use of AI is directed outward and not towards surveilling American citizens or God forbid, eliminating American citizens, then that makes sense. But the entire push of the AI industry is not towards national security. The push is to flood the culture with as many bots as they possibly can. You can see already that AI slop now accounts for over half of the content being produced online. You can see from academia to corporate life and even I hear in government agencies, the process of people becoming over reliant on the AIs, they lose their own agency, they lose their own cognitive abilities. And pretty much this cyborgization of society seems to be the goal of these companies. People, human Beings become vessels for their algorithms. If that is what we're competing against China for, well, I guess we're succeeding. But the real question is long term, if Americans become these atrophied cyborgs without even the benefit of the superpowers that Elon Musk is promising, then I'm not really sure how it is that long term America remains competitive against China or any other country, unless they all go full on ant farm too. So, yeah, the China argument doesn't make sense on that front. What are we actually trying to become by competing against China? And it also doesn't make sense given that most or all of these guys that are pushing for this competition against China are also doing everything possible to bolster China. This is the key point and make sure that China remains competitive.

[Stephen K. Bannon]

Let me say this as a construct. We cannot allow the Chinese Communist Party. No. Jensen Wong, who's an agent of influence for the Chinese Communist Party, quite evident when he said, hey, it doesn't really matter if China takes the lead here. It doesn't really matter if a Chinese company takes the lead. That shows you the psychological warfare. We clearly have to be dominant in artificial intelligence the way the step one is to literally shut down any aspect of the Chinese. If you go back to the analogy of nuclear weapons, you know, the Russians got the atomic bomb, they got the hydrogen bomb, but they had to have people on the inside stealing those secrets, as the Chinese have right now. But there wasn't an open cooperation of American industry and the American military working with an existential threat at the time.

[Joe Allen]

They executed the Rosenbergs over it big

[Stephen K. Bannon]

time, big time for the hydrogen bomb. And they made life miserable. If you saw the movie Oppenheimer, they made life miserable for people they even suspected. Let's say Oppenheimer is probably a little more than suspected, right? So they dropped the hammer. We have to do the same thing. That's why I keep saying, as imperfect as it is, we don't need an fda. We need something like the Atomic Energy Commission was in the management of nuclear weapons. Where do we go from here? Right now it's polled. And every day you don't have anything is the day they're winning. That's why they're trying to slow walk Blackburn's legislation in the Senate. They're trying to, you know, they're trying to chop block anything that's going on. People are still grinding, right? There's going to be, over the weekend, we're going to get together with everybody to sign the letter to kind of regroup. What are your thoughts, you're one of the, you're one of the intellectual leaders of this movement. What are your thoughts?

[Joe Allen]

What I see going forward, Steve, as we've discussed so many times, they've got the money, we've got the people. The people across the board is bipartisan. It's not just Republicans and it's not just us stimulating it organically. The American population is. They want to see the power of these companies reduced. They want to see some degree of oversight, just at least up to the level of automobiles, airplanes, sandwiches, these sorts of things, medicines, these sorts of things. So the people want something done. And I think that, yeah, the EO is a step in the right direction, but it's a very, very, very small step because it addresses cybersecurity and that's really important. And it addresses cybersecurity primarily on behalf of financial institutions. But you have to have, I think going forward, this will be one step. You, you will have to have child safety, you will have to have everything else to do with the kind of AI psychosis.

[Stephen K. Bannon]

This is the emergency we've been talking about about these. Hang on for a second. I need to keep you around. We got CNN polling, all of that. You just stick right here. Joe Allen's going to stick with us. We're going to get much more into this. We got to go to the White House for the, for the swearing in ceremony for the Federal Reserve chair. I've got two of our brightest bowling, first off, you and Jim Rickards

[Political Candidate (possibly a Ken Paxton opponent)]

before

[Stephen K. Bannon]

we get to the Fed chair and the Buzzsaw that Warsh is walking into talking about overnight, where do we stand, where do we stand with markets, the deal? Because you see, and I think Zero Hedge had a great outline of the 10 points that are being discussed between the Arabs and the Persians right now. And people are saying, hey, behind the scenes that we're working towards something. I'm not so sure President Trump's going to be that threat. Thrilled with what he's seeing in those points. And particularly they go out of their way to say there's no comment at all on the nuclear weapons situation. In fact, they're saying that they're going to keep the, the ayatollah saying they're going to keep the pixie dust. Your thoughts are where we stand with the war and the deal.

[Eric Bolling]

So interesting three day weekend coming up. Also, timing is important. Oil market has been all over the board this morning. Up $2, down $2, back to up two bucks because everyone's trying to figure out what's going to happen. I'm sorry, Tuesday, Monday or Tuesday, May 25th is the beginning of the Hajj, the high Muslim holiday, the trek to Mecca. The question is, do you kinetically attack a Muslim country during that period, May25 to 30? I would suggest probably not. Because Steve, a long time ago, cpac, I was filling, you were, you were talking on the big stage in cpac. I was co hosting the War room with Maureen and I suggested the Iranian 91 million people, Iranian people step up and start to push back against the irgc. I got eviscerated by the crowd and your audience saying, oh, you can't tell them to walk into death. I said, well if they truly want change, that's the only thing that's going to make change. It's not going to be bombs, it's not going to be sinking their ships or bombs falling on their land. And so if that doesn't happen, so you can't attack a Muslim country during the Hajj. You would have to wait till after. Which means the oil industry is looking at higher oil prices for another five, six days, which also tax another probably week or so or two onto the backside when oil does come down. Trump has been saying oil will come down. He's right. He's also been saying gas will come down. I'm not going to say he's not right. I'm going to say he's being overly optimistic because it's not coming down for months. Interest rates have elevated greatly since Trump left Beijing, Xi Jinping without a deal on the blockade. We're seeing the 30 year, all important 30 year, 605 which is very high and the 10 year which you have pointed out several times, that's where most people are paying on their credit cards. 4.6 still above that. All important 4.5. You want that below 4, you like it near 4, it's at 4.6. A lot of the indicators are going to tell me that Warsh and some of the things he said on Wash on cnbc bleeding up to his confirmation was that he, he believes the Fed is the only thing that can tame inflation, not outside forces, not supply, not demand. The Fed monetary policy. So I don't know how he can do anything but hold. He's probably going to hold for the foreseeable future. I mean there's, there's no chance he can cut rates. And that's what Trump wanted. He wanted a rate cut out of Powell. But here's the good news is if it were Powell, we would have seen Several rate cuts going forward. If it were still Powell. So we're saving a little bit, but not to the point.

[Stephen K. Bannon]

You would see rate. Hold it. You'd see rate increase. You wouldn't see rate cuts under Powell going forward.

[Eric Bolling]

I said, yes, we would see several rate increases. I say cut several rate increases on the Powell going forward with wash cuts.

[Stephen K. Bannon]

But you're saying you don't think wash raises rates.

[Eric Bolling]

I think he's gonna. Yeah, I think he's gonna make a case for holding, you know, and especially saying inflation will tame when energy prices come down. And energy prices will come down as soon as there's some sort of deal coming out of the Middle East.

[Stephen K. Bannon]

Well, you've seen that. You've seen the proposal. You've seen what they're working on. Those ten elements to it. President Trump's not gonna be happy with half of it. He's not gonna accept half of them. He's not gonna be happy with the rest. All these and be happy with any of these. Right. And they're still talking, they're sneaking around about Hormuz, about are they going to charge fees or not, or, you know, is it going to be free navigation? But they don't include at all any discussion of the, of the nuclear weapons and the ayatollahs.

[Caroline Wren]

Now,

[Stephen K. Bannon]

Reuters had the exclusive, the ayatollah saying, hey, we're going to keep the, we're going to keep everything related to that. That's why I think the market got hit yesterday. Right.

[Eric Bolling]

But the White House pushed back on that Reuters report. If you remember, that Reuters report was exclusive. It rocked the market. Market ran up. And then the minute the White House said, no, that's not an accurate report, everything started is. The point is there's rhetoric going back and forth. The guys I talked to, the biggest traders in the world, wait to see what's happening. And so far, in the last 24 hours in the Strait, there have been two vessels that transited the strait. So boots on the ground are vessels in the water, so to speak, are telling you higher and Trump is going to tell you lower. The question is, how are you going to get it lower? And Steve, for a long time first I said, let's get out of here, cut a deal and get out. In the first two or three weeks that ship has passed. Now, the deal for me would be stay with this blockade, even hit them in these power plants, in their roads, in their highways, make the Iranian people rise up against it. I truly believe at this point, in order to get any sort of Movement, regime change movement. That if that's what the goal is. Remember, it wasn't always a goal, but if that's the goal, it's going to have to come from pressure, obviously pressure outside from us, but pressure inside from the people.

[Stephen K. Bannon]

Right now they seem, I don't think the president, I don't think the president, I don't think, I don't think regime change. The only place regime change is on the table is in Tel Aviv. And I think they've even given up on that. I don't see regime change.

[Eric Bolling]

So let me ask you that. What is President Trump negotiate?

[Stephen K. Bannon]

Hold on.

[Eric Bolling]

They're negotiating with the regime change, Steve, right now. We've obliterated their nuclear capacity. We heard about that in the 12 Day War last year. We've, you know, we have no interest in the Strait of Hormuz other than helping Europe, Asia and India at this point. China and India.

[Stephen K. Bannon]

I got you. But I'm just saying technically regime change wouldn't have been the 10. The folks that sent that 10 points, they think they're winning. That's something you send somebody when you think that they're winning. That's why this has got to be, you know, President Trump,

[Eric Bolling]

any day you fight back the great Satan and survive is a win for them. It's perceived as a, as a fanatical win for them. There's, they're martyrs. This is in their DNA. So of course they think they're winning. But when the people can't get water or the people can't get from here to, you know, the next town over, or they can't get out on an air airplane because we, we hit their airports as well. Airports, roads. Final thought would be the destabilization plans.

[Stephen K. Bannon]

That neocon, that neocon. That neocon. You don't have to scratch too far the surface of that neocon to come up more and go bombing again. Hang on one second. You stay right there because I know you got a bounce. I'm gonna take a short commercial break. Birchgold.com promo code Bannon, not promo code Mo. I'm sorry. Slash Bannon into the dollar empire. Rickard's not going to talk about this. The pressure on the US Dollar. Boeing, stick around. I know you get a bounce. I just want to ask you about Warch one more time. Forget Rickard on here. Short break.

[Public Investing Sponsor Announcer]

Support for the show comes from public, the investing platform for those who take it seriously. On public. You can build a multi asset portfolio of stocks, bonds, options, crypto and now generated assets which allow you to turn any idea into an investable index with AI. It all starts with your prompt. From renewable energy companies with high free cash flow to semiconductor suppliers growing revenue over 20% year over year. You can literally type any prompt prompt and put the AI to work. It screens thousands of stocks, builds a one of a kind index and lets you back test it against the S P500. Then you can invest in a few clicks Generated assets are like ETFs with infinite possibilities, completely customizable and based on your thesis, not someone else's. Go to public.com podcast and earn an uncapped 1% bonus when you transfer your portfolio. That's public.com podcast paid for by Public Investing Brokerage Services by Open to the Public Investing Inc. Member FINRA and SIPC Advisory Services by Public Advisors llc. SEC Registered Advisor Generated Assets is an interactive analysis tool. Output is for informational purposes only and is not an investment recommendation or advice. Complete disclosures available at public.com disclosures this

[Martha Stewart]

is Martha Stewart from the Martha Stewart Podcast. Ever wonder how to make hosting look effortless? Here's a secret Getting ahead of the mess with new Reynolds Kitchens Countertop Prep Paper Just lightly wet the counter beforehand so the paper grips and stays in place. Then lay down the Reynolds Kitchen's countertop prep paper so drips and spills stay on the paper, not all over your kitchen counter. You can roll out dough, prep a party spread, or cook alongside family. When you're done, cleanup is as simple as lifting the paper and revealing that clean counter underneath. Effortless. You can use it for cooking and baking, prep and even crafting, especially when you need extra working space. Because when the mess is already handled, you can focus on what matters. The food, the people and the moment. It may look effortless, but now you know it's Reynolds Kitchens Countertop prep paper. Take a tip from me. Wet it, set it, prep it. Done. Make it easy. Make it with Reynolds Kitchens Countertop prep paper available now in the Reynolds scrap aisle in Walmart, Target, Amazon and Costco.

[Amica Insurance Announcer]

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[Caroline Wren]

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[Stephen K. Bannon]

Here's your host, Stephen K. Ban, Eric Bolling, Lisa Brumowitz over at Bloomberg's got a tweet up and we'll get it up on Denver and I'll make sure you and Rickard see it. She goes back all the way to Arthur Burns in 1970 and puts the ten year treasury in the day they took office. The Federal reserve chair burns 7.7% William Miller 8% Volcker 8.9% Greenspan 8.7%. Then in Bernanke it starts coming down all the way to 4.5%. What Warsh is doing, what is your just before we see by the way, I think it's been pushed back to 11:15. This is one of the biggest appointments in President Trump because this guy's gonna be with us for what, eight years. This is one of the biggest, most important appointments outside the Supreme Court that the President will do. Your thoughts on this day, sir, about Kevin Warsh, where we are in the bond market, where we are as a highly leveraged $300 trillion worldwide. Looking for a, looking for a margin call, sir?

[Eric Bolling]

Yeah, we're on a perpetual margin call so to speak because our approaching $30 trillion in debt, we have to finance that and we use those folks. So that's why interest rates are so important certainly to the household because individual interest rates go up to 10 year tied to your credit card, 30 year tied to your mortgage. But it's also the rates that we're having to pay other countries to finance our overspending. So super important, even a tenth of a percentage point is massive in dollar amounts, raw figures. Warsh I believe is a great appointment, is a great appointment because he sees the future. He understands that monetary policy can move and will move is the real only movement input to interest rates. But it also tells me his hands are going to be tied to a certain extent. Trump brought him in because Trump thought Jerome Powell should have lowered interest rates leading up prior to the war. The war conflict changed the game completely. But prior to it and Jerome Powell should have, he was very reluctant. A quarter point here, none quarter point. He could have been more aggressive and that's more wind to the sales of the economy. Problem is now with the war with energy prices higher and inflation higher month over month, tripling the PPI last month, his hands are tied to lowering. The good news is if it were Jerome Powell, Powell be raised, raised, raised because he's a political animal. Right. So Powell is going to still be on the Fed. He just won't be chairman anymore. He'll be pushing for higher rates and I think Warsh will fight and push back against Powell and against Waller and some of the other Fed, let's call them folks that want to get in front of the inflation because they got burned by not doing it with Biden. Biden's was fully, it wasn't just energy with Biden. Biden was inflation of everything, everything. Costs more, regulation, costs businesses more, manufacturing, cost businesses more. This is purely an energy play for Trump and they know Trump can get it down and Warsh knows he can get energy prices down going forward. So he will be a little less likely to slam the brakes, so to speak, by raising rates. I think we're frozen coops.

[Stephen K. Bannon]

But the theory of the case when President Trump came in with Besson, I mean Bessen had a plan. The plan was to get, you had the opportunity to get one more supply side tax cut. That would be it. That was the big beautiful bill with your tariffs and your tax cuts focused on capital expenditure. You had an opportunity to bring manufacturing jobs back to the United States and you were going to grow your way out of it. That's very tough to do, but you're going to grow your way out of it. That has all kind of been jammed up by this Iran war and not just the Iran war, but also the highly leveraged because the business model of the country right now, people should understand this. We're a highly leveraged bet on AI having productivity, massive productivity, earth shattering productivity increases. When I say productivity increases, you should assume that means massive job cuts, no career opportunities for young people coming out of STEM colleges or with stem, very limited opportunities for them and virtually no opportunities for the poor schmendricks that are 40 years to 55, 60 years old that are STEM workers going to get rid of them first? That's where we are now. That's the bet. It'd be quite difficult, I think, to kick back and go to the growth strategy. Maybe I just don't see it. So you're between a rock and a hard place right now, sir. Even with, yeah, even with settling this war and going back to full spectrum energy dominance or trying to get back to full spectrum energy dominance, you've got this guy's coming in today with a long hot summer in front of us and big headwinds on this economy. Am I correct on that assumption?

[Eric Bolling]

100%. Big headwinds on the economy because big headwinds with inflation. It's going to continue to rise again even if all clear sounded tomorrow. And you're right, Steve, the leverage bet. We're wildly leveraged. But guess what? Money isn't philanthropic. Money doesn't care about your politics. Money just seeks to grow money. That's the nature of the beast. So yes, AI we're leveraging and we're leveraging into what I believe will be the second industrial revolution in the AI world. Will it change? Of course it's going to change what our employment structure. So the Trump idea, I believe in the Washington and the best idea was to bring back manufacturing here, which was amazing. It did amazing things for us in the 1920s. The Industrial Revolution put us on the map, catapulted us to the top. However, I will do the same with intellectual property, which will be the most valuable commodity.

[Stephen K. Bannon]

But here's what I would do. I'm now official now I'm officially start working on the Eric Bolling bot that can be on the 4 o' clock show and lead into us. So I think we need to do the Eric Bowling bot as part of

[Eric Bolling]

it's going to happen.

[Stephen K. Bannon]

You can't be replicated. It's impossible to replicate bowling.

[Eric Bolling]

I bet you this will go.

[Stephen K. Bannon]

I'll see you back here at 4. Where do people go? It won't be a bot. It'll be actual Eric bowling. Right. Where do people go to keep track of you, sir?

[Eric Bolling]

We will always have a Stephen K. Bannon. And at Eric Bowling ebo LLI G across all platforms. Four and a half million strong. Loving the war room, loving Steve Bannon and our little Sometimes we. We box a little bit and then sometimes Steve throws it throws a haymaker right as the bell's about to ring and calls me in the oh, when

[Stephen K. Bannon]

I got to learn. You got to. You got to learn to punch like Ren did, man. I said sir Colin say she voted to remove Trump and she hates to say Reg, I don't care. She's going to be in there. You got to say okay.

[Eric Bolling]

She's a fighter.

[Stephen K. Bannon]

Didn't know you were an advisor. She's great and so are you. See back here at 4 let you. We'll let you go to work now.

[Eric Bolling]

Indeed.

[Stephen K. Bannon]

Eric Bolling. Thank you, brother. We got one of the wise men joins us. A gray beard, an original gangster Jim Rickards from Strategic Intelligence. He's going to join us. We're waiting for Kevin Warsh in the President United States, I guarantee you. Then the Oval Office. Catching up, having a cup of coffee or a Diet, a Diet Coke and talking about this very important swearing in ceremony from the East Room of the White House. Still got an East Room, right? That's not the East Wing, that's the East Room. That's one of the reasons President Trump wants to make a ballroom. East Room is not big enough, needs a bigger stage. Kevin Warsh today sworn in as chairman of the Federal Reserve. Next in the War Room.