Episode 2037: Navarro On The Math Regarding Biden's Recession; Xi's Playing With Fire Insult To Biden; TGP Pence To Endorse RINO In Missouri; Trump's Defamation Demand Letter
Bannon`s War Room
WarRoom.org
4.5 • 16.4K Ratings
🗓️ 28 July 2022
⏱️ 56 minutes
🧾️ Download transcript
Summary
We discuss the economy, China, and more.
Our Guests Are: Dr. Peter Navarro, Sebastian Gorka, Eric Greitens, Boris Ephsteyn
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Aired On: 7/28/2022
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Transcript
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| 0:00.0 | Let me speak to one other issue, the GDP, and whether or not we are in a recession. |
| 0:08.2 | Both Chairman Powell and many of the significant banking personnel and economists say we're |
| 0:20.2 | not in a recession. |
| 0:22.2 | Let me just give you what the facts are in terms of the state of the economy. |
| 0:26.8 | Number one, we've a record job market, a record unemployment of 3.6 percent today. |
| 0:36.5 | We've created 9 million new jobs so far, just as it become present. |
| 0:42.7 | Business are investing in America at record rates, at record rates, foreign business like |
| 0:48.7 | SK and others are investing in America. |
| 0:52.1 | Hundreds of millions and a trillion dollars, some total. |
| 0:56.1 | A hundred billion dollars in semiconductor investments already announced by Intel, Samsung, |
| 1:01.0 | and Texas Instruments. |
| 1:03.0 | More than 100 billion electric vehicle battery investments by four general motors, Hyundai, |
| 1:09.8 | Tesla, and more. |
| 1:11.6 | And just last week as it had SK Corporation of Republican Korea announced them, $22 billion |
| 1:18.8 | in new investment in semiconductor batteries, chargers, and medical devices, creating another |
| 1:23.4 | 16,000 jobs here in America. |
| 1:27.4 | And this is powering the strongest rebound in America manufacturing in over three decades, |
| 1:33.5 | creating 613,000, 613,000 manufacturing jobs. |
| 1:41.2 | Passing the chip bill is going to put another $72 billion for incentives and tax credits |
| 1:46.2 | to expand semiconductor production. |
| 1:49.5 | And the inflation reduction act will add another $370 billion in clean energy tax credits |
| 1:57.8 | in reconciliation, including incentives to accelerate domestic production of solar panels, |
... |
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