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Steve Bannon: “The administrative state that's kind of anti democratic.”

Featuring: Steve Bannon, Former White House Chief Strategist | National

And, This is Steve Bannon | This is Gavin Newsom

Published March 12, 2025 | Video Starts at 48:02

He supported that and President Trump I think now and this is why I think he jumped on it he sees that we have an apparatus and I think you'd be the first to admit The administrative state that's kind of anti democratic. It's there and I don't care if AOC or Gavin Newsom or Bernie Sanders walks into the Oval Office. President United States, the deep state and the apparatus is gonna do what they're gonna do. (48:02–48:06)

CLAIM

Asserts that the administrative state is viewed as anti-democratic.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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“Our trade deficit in I think in January alone was a record trade deficit. I think it was $100 billion.”
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“Between 1998 and 2005 we lost 5,000 small manufacturers and a couple of million jobs because we shipped it all to China.”
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“Goldman Sachs got bailed out. AIG, no corporate guys ever went to prison on the worst bailout.”
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“The Federal Reserve's balance sheet went from $880 billion to I think, four and a half [trillion].”
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“We will never pay off one penny of the face amount of the debt as we increase this now about every hundred days of another trillion dollars.”
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“President Trump won the 2020 election.”
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“No one in American history has the system ever come after [a person] like [it did with Trump].”
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“We as a Republican Party are the working class party and viewed as such.”
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“In 17, I was a big advocate of raising the rates on the upper bracket and doing more to the lower bracket of corporations.”
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“Today the House will approve the Biden Kamala Harris spending for this year.”
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“The House has not gotten their act together to get these single subject appropriations bills done.”
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“I've been a big proponent that Those programmatic have to start in the Defense Department.”
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“The inflation number went from 2.2% to 4.2% and it really didn't even get mentioned in the business press.”
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“You have to finance now essentially a third of the debt every year.”
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“I think President Trump's hemisphere the shift to hemispheric defense, which is from Greenland to the Panama Canal.”
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“I think there should be significant cuts to the Defense Department.”
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“There's a lot of MAGA on Medicaid.”
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“If we went back to pre Covid spending.”
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“We don't have a revenue problem. We have a spending problem.”
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“The bond market has turfed out more governments than howitzers.”
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“The Italians are probably close to a sovereign debt crisis.”
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“President Trump wants to go back to more external revenue. That's part of the tariffs he looks at.”
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“Over the last three or four weeks you've had almost a trillion dollars. I think it's $800 billion from Honda, from Siemens, from Apple, it…”
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“On April 2nd, you're going to have reciprocity and tariffs and in India and Canada.”
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“Kids from California are not going to be on carrier battle groups [in the Red Sea] to keep the Suez Canal open.”
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