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Steve Bannon: “The hardcore populist wing of the MAGA movement really wants…”

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 43:57

On the outside, we are the most. We want to break up. In fact, you see the suits right now in Northern Virginia and D.C. against Google. I mean The hardcore populist wing of the MAGA movement really wants to target Silicon Valley, break them up. And I, look, I appreciate that. And you've been consistent on that for years and obviously goes to, you know, I imagine some of the, your, your issues with, with Elon and we haven't even gotten to that. (43:57–44:04)

CLAIM

Asserts that the MAGA movement aims to break up Silicon Valley companies.

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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Steve Bannon

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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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“President Trump won the 2020 election.”
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“You have to do programs and billets to get, to get the budget deficit to 3 and a half percent of GDP.”
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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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“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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“On April 2nd, you're going to have reciprocity and tariffs and in India and Canada.”
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