“I happen to think today was the most important day of Donald Trump’s presidency,” former White House Chief Strategist Steve Bannon said last night on Fox Business Network’s “Lou Dobbs Tonight.” The reason being … the president’s resolute position in the “economic war” we are in with China.
“He’s president of the United States because of the rejection of working-class people and middle-class people about managed decline of our country at the hands of people like Hillary Clinton, the Clinton Global Initiative, the – you know, the whole Clinton apparatus,” Bannon continued. “These globalists and elitists were very comfortable with the managed decline, particularly vis-a-vis the rise of China.
“Donald Trump confronted that, particularly in the upper Midwest. This is the reason he won states like Pennsylvania, Ohio, Michigan, and Wisconsin … The factories went to China, the jobs went to China, and the opioids came in.
“I think Trump understands that tariffs are more than taxes,” Bannon said. “They’re about self-empowerment of the working class. Today, he said that President Xi and the Chinese apparatus which continually – whether it’s Clinton, Bush or Obama – the permanent political class, they’ve tapped along, reneged on every deal. Trump said, ‘I’m not going to do this. You’re not going to come back and retrade us. I’m going to hit you with the tariffs.’
Bannon summed it up: “I think this is a very big week in American economic history.”
“Well, I couldn’t agree with you more,” Dobbs said. “And to think the opposition that this president has faced, the unregistered foreign agents that are represented on Wall Street, the Koch Brothers, the chamber of horrors, the business round table, U.S. multinationals and their lobbyists … the idea that this president has to contend with them while he’s also negotiating with Xi Jinping and his emissaries … it’s stunning that a president has had to face this kind of opposition, this kind of disloyalty, and an active conspiracy to overthrow his presidency.”
“Well, let’s leave aside the nullification project for a second. Let’s just talk about China,” Bannon said. “In China, the resistance he’s had from the – from the IR (investor relations) department of the Chinese Communist Party is Wall Street, the investor relations to … the lobbyists of corporate America. The pressure on President Trump has been relentless. And it’s all the fear project, just like in Brexit.
“It’s the fear project, project fear, that if you don’t actually get a deal that’s just about buying more soybeans, you’re going to have a collapse of the stock market and economic catastrophe. President Trump has stood up against that. President Trump says, ‘No, this is an economic war. We’re going to have fundamental, structural change in the state capitalism that China has.’ China has this system of state capitalism,” Bannon continued.
“We are going to get changes on forced technology transfers, subsidies, the state-owned industries, intellectual property. These are deep issues. And here’s the reason this treaty broke down this week. They had the Belt and Road initiative, a week ago. They had … 40 countries. They say, ‘Hey, we’re doing fine. Do we need the Americans?’ And all of a sudden you saw them coming back on what Trump had negotiated, to say, ‘We’re going to put this out to the public to see, particularly the Chinese public.’
“Remember, this is not against the Chinese people. President Trump is actually assisting the Chinese people. This is against this radical cadre of the Chinese Communist Party. And I got to tell you, their supporters on Wall Street and their supporters in corporate America should be ashamed of themselves for the pressure they put on the President of the United States today. Over the weekend he said, ‘No way,’ and today, he hit the bid.”
Video by Fox Business Network’s “Lou Dobbs Tonight”
“There are so many of the elites in this country, the political elites, business elites who should be ashamed of themselves,” Dobbs said, “because in betraying President Trump, they’ve betrayed their country, and they continue. They persist. And to watch what the Dems are doing on Capitol Hill, the nonsense of even thinking of holding Attorney General William Barr in contempt. This president is under assault still, by the deep state, the radical Dems …”
“… there’s the opposition party media,” Bannon interjected, “the mainstream media and what I call the nullification project. I don’t call it the deep state. It’s in your grill. It’s in your face. It’s not deep. I mean they’re right there. And I think this project – the Russia thing’s a sideshow to a sideshow. The beating heart of the problem we have in the United States is this geo-strategic struggle we have with this radical cadre of the Chinese Communist Party and our position with China in the 21st century. Donald Trump has understood that.”
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