Transcripts. Bannon’s War Room. Dave Brat: The UK Has Chosen Ideology Over Good Policy, Will Bring Down Entire Government. October 20, 2022.
Topic: UK ideology. Guest Dave Brat. October 20, 2022.
Transcripts from Bannon’s War Room on Rumble: Dave Brat: The UK Has Chosen Ideology Over Good Policy, Will Bring Down Entire Government
Published October 20, 2022.
Steve Bannon:
Dave Brat your assessment of the UK economy and what does it portend for the United States of America and particularly after November 8th when the Republicans are going to be on watch to get arms around this thing?
Dave Brat:
Yeah, well it follows exactly the conversation we had yesterday on the managed decline of our economy and similarly the managed decline of UK once just the greatest nation on the earth, the great thinkers, Cambridge Oxford, Francis Bacon, Newton on and on and on you can go.
Who are they naming now? Now what you have run through the institutions the universities is ideology. And the politics at the highest level in the world is being run on ideology, not science. Walsh just went over what the science would dictate, what a rational energy policy would dictate. We don't have policy right now. We have ideology and so along with that...
Steve Bannon
No no hang on hang on for a second Brat, I think it's deeper than that. I think the climate thing is a cult. It's a pagan cult. It's a religion. Cambridge and Oxford and these guys are going back to the Middle Ages where if you question church theology, how many angels dance ahead of a pen, off with your head or you're excommunicated. This climate has gone from an ideology, am I wrong Peter? It's a cult.
This is a Pagan cult of Gaia, of the earth mother, right. It's a Pagan cult around nature. You got to call it what you call it. It's a Pagan cult with all the aspects of a cult. It's not an ideology I would argue. It's a theology and you can't go off the reservation or off with their heads. And this is why you have Boris Johnson sitting up there mouthing things that does not comport to the second law of thermodynamics, things like that.
Like I keep saying, all this stuff with money and printing money and budgets and all that, that's human action and human agency there's no physical property, there's no second law of thermodynamics to say the world has to be like that. Those are human decisions. What they've done on this climate is turning into a theology of which the Dave Walshs of the world are going what are you talking about? You’re listening to this 12-year-old girl and all these nut cases that are running around. And now if you go off the reservation you are deplatformed, you are debanked and this is the lesson for the world.
Look at Germany, look at the UK. Katie Kay is from BBC. She's not from War Room. Katie Kay is the BBC reporter; heating is going to be cut off, blackouts, it's going to be a horrible winter for the UK. Dave Walsh has told you, BBC, the word is that they're getting on you know 60 second spots to put up and saying hey two-day blackouts, two-day blackouts.
How cold do you think it's going to be up in the Midlands right. How do you think Scotland’s going to handle that and or every afternoon from 4 to 7 when everybody comes home. Remember it gets dark over there like at 2:00 o'clock in the afternoon during Christmas because of the latitude. We’re going to have brownouts every day. Merry freaking Christmas Mr. Dickens, right. So, Brat is it a theology? You're at one of the top religious schools in the country, is this a theology or ideology?
Dave Brat:
Yeah, no I agree with you 100%. It's Marxist ideology which is atheist. The whole modern world right now is a war between, it's a spiritual war between God and no God. And the no God of course has a false God which you just pointed out, that's the war. And then I got a couple charts along with that, this ideology, this Marxist ideology which cannot have a competitor God right. They have to get rid of the family. All your guests are consistent on that. You can't have philosophy you can't have rule of law etcetera.
But if you look at the charts the UK government spending now is 52% of their entire economy on the far right there, right. And so, you have over half of your economy in this government new ideology Marxist exploratory committee of ideas.
Steve Bannon:
I just got to repeat I just got to repeat for our audience. It's been a Tory government for 12 years, been a Tory government for 12 years. This is why they say that, they're not conservatives. They're just liberals with a different pitch. You get you've had 12 years to sort this problem out keep going Dave Brat
Dave Brat:
Yeah, next chart just put it into context our federal government to GDP is in the 20 low 20s, but we also have state government, local government all those taxes all spending so for those who think that we're very far off from the euro socialist we're not that far off as this chart shows, right.
And this is just getting to 2011 but you see the trajectory and what the problem here is everybody wants Christmas every day and the American voter has to make up their mind on this right. You got to eat your spinach to get economic growth.
So, all this money is going into consumption goods, just goods you like that, but they do not cause the economy to grow. The educators right now in K to 12, you're spending $20,000 on each kid. What is the money going to? Universities they got Deans of every creative studies you can make up right now.
Steve Bannon:
Dave Brat hold on, slow down. The Inflation Reduction Act, everything's an investment these are all investments. How can you sit there and say how could you be so out of the loop and saying this is just you're just paying just paying for operations, you're just paying to keep it going. They all tell me on MSNBC every night and every politician, Democrat politicians saying these are investments. Why are they not investments, sir?
Dave Brat:
Well, we got the receipts on that. They were up yesterday against competing treasury secretaries of the current administration. We have the facts on our side right. Robert Gordon is the guru at Northwestern University on productivity.
We're at the managed decline, that chart has gone straight down for 50 years, productivity. And so, if you're doing all these investments uh then why is the rate of return on all the investments, 0. And that of course correlates as we showed yesterday the productivity is roughly the same chart as GDP per capita, which is the same thing as your personal income at home. And so, the middle class is well aware that their wages have been flat for about 40 years.
During the Trump Administration there was an upward blip for high school grads for the first time in real wages. Now real wages everyone knows are being obliterated by inflation right. So, wages go up by 4 by inflations 8%, you're losing 4%, right. So real wages are down right now, all caused by this elitist ideology class who's been running banks for the death star over in Europe and then we have Chinese influence on us, and we went right along with all that. Our elites allowed all that to happen.
Steve Bannon:
Dave Brett any of the charts any other comments analysis of the UK economy and why portends what's going to happen here to our own beloved republic, sir?
Dave Brat:
Yeah, well as you know I have libertarian tendencies. And those tendencies only work when you have free markets at play. So, when the government is over half of GDP and you've got a list of every big auto big airlines, big banks, big tech, big healthcare, big government. Okay so you're going to get some tax cuts to all those bigs, right all these monopolies.
And you really think you're going to incentivize this? No you need a structural change of our economy. You need to downsize spending. You need to downsize the role of the administrative state. Then once you get as somewhat of a functioning free market economy where prices matter, then maybe you can discuss some tax cuts but that that one but that’s the innovation here.
Steve Bannon:
Why is 52% of GDP? Why is that not, that's socialism isn't it. That's why I say it’s socialism, When the government's half over half of GDP is government spending, why is that not socialism? This is why the tax problem is so bad there anyway but all the…
Dave Brat:
And I’ll add one other thing it's not just the size of government, it's regulatory capture right, James Buchanan the Virginia school he won the Nobel Prize. So, it's not just that prices don't work, it's all regulated. So, you can do make price changes, but they'll have no effect, if you got to follow federal state law on certain mandates and Medicare, Social Security etcetera.
Steve Bannon:
How people get to you on GETTR?
Dave Brat:
Yeah, Brat Economics at GETTR, third floor Liberty University School of Business. Come visit bring your young scholars anytime.
Steve Bannon:
Brother thank you very much tremendous.
END
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