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Bannon`s War Room

Episode 5073: Kennedy's Plan To Bankrupt Vaccine Manufacturers

16 Jan 2026

Transcription

Chapter 1: What is Kennedy's plan to bankrupt vaccine manufacturers?

2.596 - 24.221 Stephen K. Bannon

This is the primal scream of a dying regime. Pray for our enemies, because we're going medieval on these people. I got a free shot on all these networks lying about the people. The people have had a belly full of it. I know you don't like hearing that. I know you've tried to do everything in the world to stop that, but you're not going to stop it. It's going to happen.

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24.242 - 44.394 Unknown

And where do people like that go to share the big lie? Mega media. I wish in my soul, I wish that any of these people had a conscience. Ask yourself, what is my task and what is my purpose? If that answer is to save my country, this country will be saved.

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44.575 - 52.926 Stephen K. Bannon

War Room. Here's your host, Stephen K. Bann. Okay, welcome.

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Chapter 2: How does the current political climate affect vaccine policies?

52.966 - 77.375 Stephen K. Bannon

Friday, 16 January, Year Over Learned 2026, Dave Bratch riding shotgun. We pulled Dr. Peter Navarro out at a meeting. At the White House, a couple of things. Dr. Navarro, just help us walk through this. President Trump put a very cryptic true social out late last night about and it seems like he had just been briefed by you guys. He says the numbers are unbelievable. What does he mean by that?

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77.415 - 91.75 Stephen K. Bannon

Walk me through the basics of the economy, because our thesis here at the War Room is that you can start to see with your plan of the convergence of the big, beautiful bill, the major tax benefits for building plant and equipment, coupled with

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92.152 - 110.718 Stephen K. Bannon

you and Jameson Greer and Scott Bessett working under President Trump's architecture to redo the commercial relationships in the world and to use tariffs and trade to drive investment back here in the United States or have guys pay a tolling fee, you can start to see it working. We just want to know what President Trump meant by that, sir.

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112.701 - 135.267 Dr. Peter Navarro

All right, Steve, let's go back to first principles. If we look at the rate of GDP growth, which is everything about making us prosperous. It's four drivers, consumption, investment, government spending, and what they call net exports, which is the difference between how much we sell to the world and how much we import. Okay.

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Chapter 3: What economic strategies are being discussed for 2026?

135.788 - 172.616 Dr. Peter Navarro

So if you look at consumption, let's, let's start with that. What we have coming in 2026 is the biggest IRS refund in history. And we also have the tax break, no tax on tips, no tax on Social Security, no tax on overtime. So consumption is going to be a pillar of prosperity in 2026. So check that box. The second growth driver, investment. Let's look at what's happening there.

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172.676 - 198.911 Dr. Peter Navarro

First of all, we got the IRS expensing in the big, beautiful bill. 100% expensing, Steve, on new manufacturing capacity. And that's sparking a massive boom. It's working in conjunction with the tariffs, Steve. The tariffs are bringing in foreign investment. As President Trump has said, if you build it here, you don't get tariff.

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199.312 - 211.526 Dr. Peter Navarro

So we are literally looking at trillions upon trillions of dollars of new investment that drives investment. the GDP growth directly, but it also increases productivity.

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Chapter 4: How does investment impact GDP growth?

211.586 - 238.183 Dr. Peter Navarro

Why do we care as MAGA? Because productivity is the key to an increase in real wages and the quality of life of blue-collar working Americans. Now, third, you got the government spending. That's going down, but that's a good thing. One of the rules of economics is that a dollar in the government sector is much less efficient than if it goes into the private sector.

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238.604 - 266.19 Dr. Peter Navarro

Oh, and by the way, falling government expenditures mean a reduced budget deficit, lower interest rates and mortgage rates. So that's going to ignite things like the housing sector. So consumption investment, government spending hitting all cylinders. The last one, Steve, is the net exports. Whenever we reduce our trade deficit, that shows up as an increase in our GDP growth rate.

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266.21 - 289.093 Dr. Peter Navarro

That's exactly what the Trump chair policy is doing. We just had in the lowest trade deficit since 2009. So if you add all that up, Steve, it's a set of policies and throw on top of that good things like oil going from $75 a barrel to $50 a barrel.

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Chapter 5: What role does government spending play in economic recovery?

289.853 - 307.042 Dr. Peter Navarro

You can't imagine any other thing happening in 2026 than robust growth, rising real wages as we had in the first term, and prosperity. So looking forward, that's what we see, and it's all good, brother.

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307.523 - 325.691 Stephen K. Bannon

Yeah. Okay, now, and President, I've said this from the beginning, when people were tweeting out after the November debacle, the traditional Republicans in New Jersey and Virginia, they said, oh, it's got to be affordability in 2026. I said, whoa, whoa, whoa, whoa, whoa, whoa, whoa. It's going to be growth, jobs and wages. This is the bet that President Trump has made.

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326.333 - 347.865 Stephen K. Bannon

It's pretty evident what he's done here about getting growth back, real wages back up. It's the same plan, except hyperscaled. from the first term, Peter, because he had Liberation Day. That's the new element that we didn't get to in the first term. I do want to say that- Yeah, go ahead, sir.

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347.885 - 348.566 Dr. Peter Navarro

Let's remember this.

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Chapter 6: How is AI influencing the energy grid and electricity prices?

348.586 - 376.18 Dr. Peter Navarro

We can walk and chew gum at the same time. We can pursue all of these growth policies at the time we're fighting a war on Biden's legacy inflation. And what we're doing, Steve, in the trenches is taking a micro approach to the macro problem of inflation. Remember, Steve, that inflation is nothing but a basket of prices for housing, for energy, for transportation, for healthcare, and all of that.

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376.761 - 393.555 Dr. Peter Navarro

And so what we are doing with all due speed is to tackle every one of those elements, sector by sector, industry by industry, product by product, fish by fish. And so you're seeing all these things. Hang on, hang on, hang on.

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393.615 - 420.446 Stephen K. Bannon

This is going to get to my point. I don't have it in front of me, but if my crack team here in Grace can pull on my Getter account, I put it up last night. There was an article that talked about Johnson and these guys losing these votes, et cetera. And there was a quote From a senior Republican House member that says Trump has got to stop sending up this populist crap.

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420.526 - 422.011 Stephen K. Bannon

They use a more blunt term than that.

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Chapter 7: What are the implications of Bobby Kennedy's vaccine policy changes?

422.052 - 438.106 Stephen K. Bannon

This populist crap. up to the hill president Trump's focus. This leads me into the, it's going to lead me into the grid and AI, but president Trump's focus, your policy initiatives that are coming. And we're going to have a Bobby's Kennedy. We're going to have Mary Holland on at the bottom of the arrow. Talk about Bobby.

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438.126 - 452.104 Stephen K. Bannon

The Washington post has got Ezekiel manual, the worst talking about Bobby Kennedy, bankrupting big pharma, right? President Trump's populist economic policies are, generated by you guys, all these great ideas.

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452.965 - 466.558 Stephen K. Bannon

They said it right now in Capitol Hill, the senior guy, I don't know if it was Scalise or Emmer, but it was, Hey, it had to be one of the top guys said, Trump has got to stop sending us up this populous crap. So how are you going to do this? Dr. Navarro?

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469.04 - 497.009 Dr. Peter Navarro

Oh man. Well, there's a fundamental, um, uh, disconnect between the business model of both parties on Capitol Hill and which is to raise money from big pharma, from big food, from big this, from big that, versus populism, which is designed to help basically America's own Lao Bai Jing, America's working families and middle class.

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Chapter 8: How does the podcast address the future of America's healthcare system?

497.47 - 523.198 Dr. Peter Navarro

And so I don't know what that rhetoric is all about. I do know that we have a very slender majority in the House and that certainly they're not acting now to put something up on the board that they can run on. I think they're running, some of these guys are running scared. But look, I mean, the data is going to be the data. It's what, January now.

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523.258 - 551.222 Dr. Peter Navarro

We got until September to turn all of this around and we're doing that, Steve. I mean, we're just It's all there. And what I'm trying to do, talking to members on the Hill and showing them my videos and things like that, is like, here's your talking points. It's like, here's what the boss is doing on this, on beef prices, on egg prices, on on mortgage rates, on housing prices.

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551.503 - 554.688 Dr. Peter Navarro

And that's the kind of stuff you should be talking about.

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554.708 - 580.264 Stephen K. Bannon

Yeah, you're having a great impact. You're having a great impact. The quote is, they've got to stop sending this populist crap up here. Okay, hang on, hang on. But I want to see this manifest. The president also put out His true social is so good late at night. He also put out a bombshell on the grid and electricity. He's going to do special auctions. Walk me through this.

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580.524 - 596.92 Stephen K. Bannon

This whole thing on the grid. And he says, I'm doing this because I'm not going to have the people underwrite the massive expense of what we need for electricity to drive these data centers. What did he mean by that, Dr. Navarro? What are you guys cooking up over there?

598.84 - 627.058 Dr. Peter Navarro

Well, I don't want to get too far ahead of him because I never do that. But the central problem here, which we're going to solve, is that AI is expanding so fast that we simply don't have enough capacity to service it going forward. So there's two issues. One is price. AI is driving up the price of electricity. But number two, the grid...

627.308 - 655.746 Dr. Peter Navarro

is also facing potential reliability issues going forward. And so it's pretty simple. You make them pay, Steve, and you make them ensure that whatever they put in, in terms of power, that it won't hurt the grid at all. So that's the principle. It's pretty simple. Do no harm. AI, first, do no harm to our grid or our rate payers.

656.013 - 687.052 Dr. Peter Navarro

And so, um, if, if there, there's another element here in this one, you've talked about it, we've talked about it. It's like, why are Americans paying for, uh, AI in India, chat GPT operating on us soil using American electricity, servicing large users of chat GPT, for example. in India and China and elsewhere around the world. So that's another issue that's got to be dealt with.

687.072 - 707.913 Dr. Peter Navarro

And don't forget, Steve, there's water issues as well, and there's farmland issues as well. They're paying like, they're coming in, you know, the metas of this world and others, they're coming in and paying like a 10x on farmland. And if we're going to fight food inflation, we've got to wrap our heads around that.

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