Tom Emmer

One, it's going to help us if Congress does its job, if we put some parameters up, market structure, give people rules of the road so they know what they can and can't do and who's going to be having responsibility for oversight. We can protect the existing two-tier legacy system and allow it time to move into the 21st century.

I think the key is, and this is why the central bankers are so worried, this is so disruptive and potentially destructive. that they're scared to death. It's not just losing their power.

They're afraid that this decentralization is going to somehow send finance back to the... I suppose they're also concerned that consumers, maybe who are not super sophisticated or new to it, might lose their money.

I don't know. Time will tell about that. He seems to make some pretty good decisions. They've done well for him.

We do.

Ding dong, the witch is dead. Now we're going to be moving forward with a new SEC.

So YOLO? What's that? YOLO? YOLO.

Just go for it. My staff gives me a hard time because I don't know all those cute quips.

I have no problem. Did you see the meme that said Barron apparently had his dad's phone last night and made a billion dollars?

In his mandate. Yeah.

I think he's the only one that's left. They knock you down and then they build you up.

I think we should. So New York Times, of all outlets, had a poll that said it's like 80% believe that criminals, terrorists, people who have committed bad offenses should be the hell out of here. Yeah, easy one to have consensus on, yeah. No, but then it starts to drop down, which is the next one is, oh, I forget what the second one is.

55% according to a New York Times poll.

You don't fix your labor problem with illegal labor. immigration. You fix it by fixing your immigration system and making sure that it's working the way it's supposed to. By the way, I come from the state of Minnesota. The two primary drivers of our state's private economy are manufacturing an ag.

Crooked. And crooked. Okay. Yeah. I mean, the leadership. I got good friends who are Democrats, so I'm not going to disparage them. But first, Jason, all of you, thank you. It's nice to be on All In. I I've heard everybody's heard about it. Everybody wants to be here. So it's just nice.

I mean, I've got huge operations of families that have bound together as a co-op that they literally have to bring in foreign workers and they built a village housing, they have teachers, but there's the solution. This idea, and I come from Minnesota, which is why you made the hair on the back of my neck stand up.

The argument is, oh, illegals, people who are here illegally and their advocates are bracing for Trump's arrival. And then they write an article that says, if they remove all these people, our economy is going to tank. Stop it. You've got laws for a reason. You've got to enforce the laws that are on the books and if they don't work.

This is why we passed the strongest border bill in 20 years with 222 members in the last Congress, which Chuck Schumer never looked at. They wanted to say that Trump killed the bipartisan bill. You realize the House bill did five things. Finish the wall, reform the parole process, reform asylum, end catch and release, and restore remain in Mexico. Those were the five pillars.

That so-called bipartisan bill actually codified catch and release. Said that if you don't have emergency authority on the border until you have 5,000 plus one coming across a day.

I don't think you should be here if you're illegal. So all $15 million got to go in year one. I don't think you should be here if you're illegal. Now, you're painting with a pretty broad brush. We don't know what specific situations.

Again, I think the goal is to make sure- How would it be possible- J.D.

It's not all going to happen on day one, but yeah, it's going to be- Well, I'm trying to interpret that, but you're not being straight, so- Well, actually, I resent that. I am being straight.

And the problem is you're using terms like dragged them out. No, I mean, they're going to start with the worst of the worst in JD's answer. You start with those because you know that this is going to have an emotional aspect to it. And guess what? If you start doing it the way you're supposed to do it, I'm going to suggest to you that a lot of them are going to leave voluntarily.

And then if we fix the system that we have. Then we can start to restore this.

Actually, I listened last week. Sadly, it was about the fires. But the... The way they did this was, if you think about it, ballot access is a big thing. You have to run for months and you have to get delegates and you have to make your case state by state and you have to meet certain requirements to actually end up on the ballot.

I think it's more basic than that. I do think there's a political element to it. States like Minnesota, where the traditional educated what entrepreneur is leaving, they're being replaced with, in many cases, with illegals, right? Because we are a sanctuary state. So they come into Minnesota, whether they vote or not, there is a big argument that, yes, many of them are.

But I think the bigger issue is how Congress is divided up. You're losing. You're hollowing out whether you're Illinois or you're New York. You're hollowing out your state. They bring illegals in, and incredibly, our census calculates them in the numbers.

No, so you've got these blue states that are completely mismanaged.

You got to kill people?

So everybody likes to say to me, you've got the worst job in Washington, D.C. I think the speaker has the worst job in Washington, D.C. That guy can be having a great day and he's got all kinds of people that are just throwing sandwiches at him all the time. The majority leader does a calendar, manages the floor, works with the chairs. Great job. The whip?

You don't get to do anything those guys want to do unless we can actually get it across the floor. And the world has changed. I know they elected me because they thought my personality is very direct. I am from Minnesota.

But you just got to be honest and you got to respect everybody. And it's a different world because we probably have 40% of our members who will vote for whatever Mike Johnson says we're going to put on the floor. But we got 60%. And this is what's been changing, I think, over the last couple of decades. It keeps getting larger. They didn't come here. to follow somebody, they came here to lead.

To represent their people. And they need to be involved in the process. And what I tell them all the time, I don't care if you like each other, I don't care if you despise one another, I don't care if you socialize together, or the second you walk out of here, you run to two polar opposite places. When you're here, the American people elected Donald Trump, and we have the benefit of a majority.

But that's what it is. And I tell them, you've got to get over yourself. We're going to let everybody participate in the process. We're going to take all of your ideas. We put the more centrist part of our majority and the more right wing part of our party together. And that list of savings cuts, offsets I was talking about, we privately run that through small groups.

one at a time so that they can talk to each other so that if you come from a ruby red district down south and I come from a you know swingy swingy district in New York we can have a conversation about why I can and can't do something and why you will and won't do something and at the end of the day This is how you're successful. Everybody wants to be involved.

how the Democrats are able to remove Joe Biden, literally in a coup, a back room coup, and install Kamala Harris in a matter of hours or days and avoid any convention like real democracy taking place where people are debating their candidates and where they're at. And then to your other question, that's wrong, but your other question was, Joe Biden, was there a coverup?

It's hard only from the aspect that you can't afford to leave anyone behind.

Who might not make it? I think everybody's making it. I think anybody that listens to you guys or anything that interview where they start bringing this up, we got to remind people, this has been the left's playbook since Robert Bork.

They started it with Robert Bork. They took him out of his Supreme Court appointment. They did it to Clarence Thomas. They really did it to Kavanaugh. And look at this. Now they've moved it to cabinet picks. Right. And Pete Hegseth is a great example. None of us is perfect. But all of that was anonymous.

And I think once it started going through the process and somebody asked me this question a few weeks ago, I said, yeah, they're starting with Pete. Pete's going to get, he's going to get through the process. They'll move on to Tulsi. Then they'll move on to Bobby Kennedy Jr. Those will probably be their three biggest ones that they'll attack.

It is. But the beauty of what Donald Trump is doing. You can't fix what's broken with people that broke it. He's going outside of this God-forsaken place and bringing people in that have completely new ideas, whether you like them or not. Come on, folks. Let's see what this does. We've been doing the same thing now for years.

Okay, wait, Congressman, last question.

Yeah.

It's more complicated than the right and the left want to make it seem. But there definitely is a problem. It's not just limited to California. It's across this country with not managing our resources the way we should. We had this problem in northern Minnesota probably 20 years ago, 25 years ago. We had a blowdown in the BWCA, the Boundary Waters Canoe Area. You had all those trees laying down.

They were kindling. And I think our governor at the time, Jesse Ventura, said he was going to go in there and he was going to log it so we could protect the citizens and their property and we could actually make use of these trees that have been destroyed in the storm. The federal government told him he couldn't do it. And of course, we've had fires, right? California, this is tragic.

My brother-in-law sent me a picture. He lives in Woodland Hills. He sent me a picture of flames at the end of his cul-de-sac above the palm trees.

In Woodland Hills.

Yeah. That's the picture he took. Did the winds just take?

I don't know how his house is still standing based on the picture he sent.

I appreciate the conflict. I love that.

Well, and the whip has to find clarity amongst 219 people.

Thank you. You guys are fine. Thanks.

A cover-up is when you don't see it, when you don't know about it, when you're totally unaware. This wasn't a cover-up. This was a conspiracy. Everybody in this town for four years watched when he came in. He was already diminished and watched him continue to diminish over the course of his term. It was the mainstream media that refused to actually comment on it.

And then it was amazing overnight when he has the debate last year and it's like, oh my gosh, this is terrible. Look at this. And suddenly it was like, they'd never seen it before. This was a conspiracy by a left-wing media that they're littered with people who have a partisan view and they write about it. They create stories about it and they don't tell you the whole story. If you were here.

Yeah, I know. But I can tell you what I watch. What I watch is corruption. There were two times that they literally, whoever they are, it would be the superdelegates. A lot of people would say it's the Obamas. It's the Clintons. It's the, you know, original.

Elected or otherwise that runs a Democratic Party a lot of people would point to the Obama's and then some of these Super donors is that sort of your perception of how it works it is and the reason I go back as you'll remember Bernie Sanders is marching towards the Democratic nomination and they get to South Carolina and all of a sudden Amy Klobuchar from my state It's just one after another I'm out.

I'm out. I support Joe Biden clearly the Whoever that is, because you're right, we're not in the room to see, is it the Obamas? Is it consultants like Carville or Axelrod or whoever? Who is in that room? But whoever's in that room, they have a plan when it gets to the end. And I never thought Joe Biden was going to be the candidate.

No.

Yeah, no. I would say that. Watching from the outside, again, we're not on the inside of the Democrat machine, but watching from the outside, that's a top-down process. On the Republican side, that's a bottom-up process. And Donald Trump is the best example of it.

Because people in this town, especially in the house where I serve, are like, we got the American people. We have a mandate. And you've got to remind them, yeah, no. No. No, Donald Trump has a mandate. He got 77 million votes. We got a little less than 75 million. So if you're looking at who literally is expanding this party and pulling this party over the line, It's one guy. It's Donald Trump.

I can only tell you the experience I've had with one of my Minnesota colleagues who, I won't name him, but he might have run against the sitting president. We were talking on the House floor one day, and I was complaining to him, or giving him a hard time, I should say, about some of the off-color remarks coming from the squad. And he made a point of telling me... Off-color how?

Well, let's just say there were some anti-Semitic comments all about the Benjamins, this stuff. And there was a censure that was being worked on. Oh, wow. Yeah. And it was public. But the point is, when I was saying, boy, you've had quite a week, he goes, oh, yeah. He says, that's a very small group of people in our party with very large voices.

And my response to him was, OK, well, that might be true, but... then people like you have to stand up and speak up and take my grandfather's Democrat Party back.

And so, no, I think they've got a problem. Identity politics, which they've perfected and been playing for years, it has now come back to bite them. And there's, where is the way out? They don't have a brand. They don't know who they are. They're fighting about things like men participating in women's sports. I mean, It just it isn't resonating with the American people.

So they're going to have to figure that out for the future. But on our side, we're going to have to figure out Donald Trump is the one that pulled this across the line. Here's the problem with the Republican Party for me.

The last 30 years, we've had great people representing us, but the public has been very frustrated because it seems like government and the bureaucrats always get a better deal than the average citizen in this country. We're talking about Main Street.

We're not talking about Silicon Valley, which has its own Main Street, but I'm talking about just good old Main Street, USA, where it's rural country. It's people who are just trying to live their lives. They feel like their government hasn't been listening to them for years. This is what's on the Tea Party. This is why we've had this over and over. And Donald Trump, you got to give him credit.

This energy was out there and he actually grabbed it. And he showed us what it looked like when he ran in 16 and got elected.

Or he just innately has an ability to read people better than I've ever seen. Yeah.

A generational? I think he's a one in 150 year leader. Yeah. Yeah.

So I'd rather, let's do it two ways. I'd rather look at what could we put on the table? And we do this privately. So you won't get me to say, What it is, where it is. But I'll tell you, there's a list that we've sat down with that reaches somewhere between five and seven trillion. A year? Over the next 10 years. Okay. That's what that two trillion would be over the next 10 years. Okay.

I mean, listen, if you're- A bunch of seven point.

And the goal is, first, we've got to balance the budget. You've got to quit bleeding $1.5 to $2 trillion every year.

Yeah. Whatever. You've got to balance. Second thing you've got to do is start to bend the curve down. We've got the greatest economy in the world. It hasn't been performing where it could. I think with Donald Trump, we can put it in place where it can. You can see those revenues start to go up again. And if you have this so you're controlling it, you could pay that.

You could pay that down rather quickly. I mean, if you're talking in terms of a decade.

Be careful. Some tell you they fight, but they're not really fighting. This thing is going to happen because of Donald Trump. I think I leave it to Mike Johnson. He's the speaker. He will make these decisions. I'm not. I'm the whip. Whatever you tell me, my job is to make sure we get it done. And that's what we'll do. But I think you're going to see a two-track process.

Mike Johnson for reconciliation has set a deadline. He wants to vote on a budget resolution by the first week of February. Why is that important? The budget resolution you have to have before you can even move forward with reconciliation. That's usually pre-negotiated with the Senate. So if we can keep with that aggressive timeline, you'll have that back to the House sometime in February.

Once you have that, that allows your 12 subcommittees to get their allotment and start to build out their 12 appropriations subcommittees, build out their budgets. Jason Smith, our Ways and Means Chair, believes we can have that process done by the end of March.

Mike, again, our speaker, in this very aggressive timeline, if that's possible, he would like to vote on it in the House in the first two weeks of April. This includes the tax permanency extensions, et cetera, from the Trump tax cuts back in 2017. If we're able to keep to that schedule, then you could realistically have a reconciliation bill to President Trump's desk by Memorial Weekend.

Well, I think people are going to have to innovate. And I think you've got to honor the promises that have been made.

There are many different things out there that are being looked at, like a voluntary program that people in a certain range, and this is above my pay grade, a certain age range, like, I don't know, 18, whatever it is, that are just coming into this system, that it would give them a choice. They would have a choice to stay in Social Security as we know it or to pursue a private route that will have

Federal parameters, so you can't just be putting it into a retirement account, taking it out. It would serve the same purpose.

Obviously. And then it would grow the private side.

Donald Trump was elected for three reasons. One, to fix our economic woes, the inflation that's killed people, get energy moving again, seal the southern border and create peace and stability around the globe. If we perform and I'm going to change that because that's not really my attitude. when we perform, you start to build credibility with the American public.

Then and only then can you start talking about, because nobody believes us, right? So, and the media plays games. They try to pit us against each other with these different ideas. The key is you have to honor the promises that have been made to Americans since Social Security was created. And then you have to look forward.

And again, we've said we're not going to touch Social Security, Medicare and Medicaid. That was the president who said that. I got that. But there are some efficiency things, reforms that you can do around these programs that actually will make them not only more viable financially, but more efficient.

You're talking, so you remember Animal House with the evil and the good on the shoulders? I had that last night and the evil won. Well, I got the Libertarian and the Republican with a small R on either one.

Well, and it used to for me. But I realized that I was a Republican with a small R when I was doing a radio show with an anarchist for several months. And all he ever said was... Shut her down. She's pumping mud. And it's like, no, I must be a Republican. The libertarian says absolutely.

And Tim Walz. And Tim Walz. Don't be so enthused.

The Republican with a small r, I think the key is going to be we have the greatest financial system markets here in the United States, in the world. We have an existing legacy two-tier banking system. It needs to come into the 21st century. The beauty of crypto to me is not just that it's crypto.