More African Americans involved in the republican party. So, im going to introduce to you guys your speaker, but my friend. Some of you have heard me ask this in the past. There are a lot of new folks here. How many of you all consider yourselves reasonable people . Most of you all. You all are the wrong people. [ laughter ] how many of you all are familiar with George Bernard shaw, the british play right . Yeah, i had breakfast with him this morning, and heres what he told me to tell you. To every man there comes a time in his life when he is figuratively tapped on the shoulder and offered the chance to do a great and mighty work, unique to him thats church hill. The reasonable man adapts himself to the world. The unreasonable man adapts the world to himself. Therefore, all progress is dependent upon the unreasonable man. Michael jordan was unreasonable enough to think that he could play in the nba even though he got cut from his high school team. Jesus christ was unreasonable enough to think through him being lifted up, all men could be forgiven for their sins. Barack obama was unreasonable enough to think he could do a good job for black folks, but he failed, but i digress. Donald trump and steve bannon are two of the most unreasonable people in the world. Steve bannon is unreasonable enough to think that the black vote, the black business community, the the latino, asian business community, has value. This guy is busy as heck all over the world, but yet he made a commitment to come to address us, not to give a speech, but to open a dialogue. And when he talks to you today and then were going to open up the floor to some q a, questions, not sermons, thats my job. And he wants a relationship with this room here. And if youre not willing to build a relationship with steve bannon and the movement that hes creating and hes asked me and each of you to be involved in then you should leave now. But if you want to make America Great again, if you want to create more opportunities for minority entrepreneurs, then this is the train you need to ride, and the train is leaving the station. Get your ticket because steve bannon is the conductor. So, lets bring up my buddy, steve bannon. [ applause ] come on, give him some love, give him some love. [ applause ] thank you. Does this work . Thank you, thank you very much for having me today. Thank you. We love you. Thank you. Thank you. Im here today to talk and open a discussion as some of you have been at my other discussions with black and hispanic entrepreneurs. The central part of economic nationalism depends upon you. It depends upon us empowering the black and hispanic Entrepreneurial Community with one thing, access to capital. This entire movement that im very for ttunate to be part of that im starting is going to have as a central thesis of it programs that stop the destruction of the black and hispanic working class, and also empowers the black and hispanic entrepreneurs to start to build businesses around American Capital. Now, i want too talk a few minutes today, and im going to go from the very general down to the specific. And i think we have to have an adult conversation about the situation, what our country is. Over the last couple of weeks, there was a very important speech given in china at the 19th party congress. This was before President Trump arrived for his visit. And that was by president xi. And he outlined in 3 1 2 hours, i think its a 68page speech, the basic Economic Program of china and its geo strategic position in the world. And what they basically said is that this economic war that theyve been at with the United States of america is essentially over, and they won. Over the last 30 years and by the way, the effect and impact in your life is directly related to the geopolitical and the geo Economic Situation between the United States and china. Over the last couple of weeks, president xis speech ill get to that in a second. In addition, brown university, which is no right wing, you know, its no breitbart, right . Its not a right wing news site or conservative news site. Brown is a quite liberal university, the Watson Center i think its called. Did an analysis. The global war on terror, in 17 years, has cost us 5. 6 trillion, okay. 7,000 dead, 52,000 casualties. I think the present value for the wounded alone is almost a trillion dollars. I want you to think about what your country would be if we had 5. 6 trillion that was invested in baltimore and st. Louis and South Central l. A. And detroit, 5. 6 trillion over the last 17 years. Think of the people in your community, people in your family that have served in these wars. By the way, a war that in afghanistan we just had this annual, you know, the budget process. 70 billion allocated for overseas operations, 50 billion allocated to afghanistan. Now, with the troop increase, and lets say we paid for the troop increase, that was 5 billion. What would baltimore be like if for just one year we took 45 billion and invested in baltimore . What would st. Louis be like if for just one year we wouldnt withdraw from afghanistan, wed pay for the troops. We took 45 billion of the 50, and invested in st. Louis . We took 45 billion, invested it in detroit or cleveland or my hometown richmond, virginia . Youd have a renaissance of these cities, correct . I think the out of pocket cash alone in afghanistan has been 850 billion. And in 17 years are we ever closer to victory today than then . 850 billion. President xi laid out this program youve got to remember, the elites in this country, both republican and democrat, wall street and in technology, supported this. They said china, as it got wealthier, has become more democratic and more free market. Its not. China is a confucius m mercantilist. We have this fetish for free trade. Its this concept that came out of europe and the think tanks over there and the political system. Its a radical idea. You know, im accused all the time of being a protectionist, of being an economic nationalist. I am, you know why . Were trying to protect american industry. And the reason is they protect their industries. [ applause ] you cannot understand the situation youre in and the lack of capital that you have until you understand the international situation. Were a tributary state to china. We are james town to their great britain. We have a 500 billion trade deficit annually with china. And by the way, you know we ship them to keep it at 500 billion, its cattle and hogs and wheat and copper and tin and oil and gas. Oh, and boeing jets and apple products. Excuse me, we dont do that any more because with limited market access, our companies are forced to make everything over there. The jobs are over there. The force Technology Transfer is not stealing our technology which they do all the time. The force Technology Transfers, the demands of our hightech companies to give them their technology in order to enter china is 3. 5 trillion over the last ten years. Okay, 350 billion a year and we have not broken thats a mercantilist system. They play by the rules and the demands of the rules are enforced. In the United States, total free trade. They say, hey, we have jobs created. Jobs at mcdonalds and taco bell and service jobs are not manufacturing jobs. Think when our cities think when baltimore was great, and detroit was great, and st. Louis was great. It was manufacturing jobs that made it great. Because in a manufacturing job, you can support a family. And the community has other money with other Service Industries around it. You cannot support an advanced economy on service jobs. The elites are going to tell you that, right . Because they dont care. And its both republican and democrat. Its both Silicon Valley, wall street, hollywood, and the Imperial Capital of washington, d. C. , they do not care about you. And thats not me saying that. [ applause ] thats not me. The facts are incontroveeable. Look at what President Trump inherited. Look at the financial crisis of 2008. Financial crisis of 2008, i think my numbers may be wrong. May not totally be accurate. I am the executive chairman of breitbart so it may not be totally accurate. [ laughter ] kidding. I think twothirds of minority net worth was wiped out. Twothirds of minority it was wiped out. The Community Banks were completely eviscerated. Every form of access to capital and every reform that was put in made it harder to get access to capital. Did the Minority Community cause the biggest financial crisis in the history of the country . Absolutely not. By the way, what happened on the financial crisis . My old firm goldman sachs, the day after i think when hank paulson, secretary treasurer went and saw president bush, i think it was two days later became a Bank Holding Company with the stroke of a pen and lines. You bankers know this. They borrow free from the fed at zero interest rates. They make how many tens of billions of dollars a year . Did anybody in this room get that bailout . Any Community Bank get a bailout . Was the sba recapitalized because of that . Did private equity or Venture Capital come into your community . Absolutely not. The solution to the financial crisis, what was the solution . Not just the bailouts. The bailouts is the thing on the top. It was the liquidity infusion by the central banks. They were going to inflate their way out of here by inflating assets. So, if you own real estate or if you own stocks, its been the greatest run youve ever had. And you know who predicted that . A guy named donald trump. What was it, like 2011 . Trump says if you own real estate now, youre going to go on a great run. He saw what was happening. But if youre a worker with a High School Education and real dollars, you know you havent had a raise since 1972. All the elites and the media all day long, they say why are these people so angry, why is bannon angry . If youre not angry, you dont have a brain, right . [ laughter ] this system is rigged. And its rigged because if youre out of the room, youre out of the deal. Right . How did wall street get bailed out . By the way, president obama, he had like three commissions, and im not faulting president obama with this. President obama had three separate commissions. They all came back with who should be held liable, who should be held accountable. The justice department, i dont think there is one guy at a bank, i dont think theres been one share of stock, there hasnt been one penny of bonus, there hasnt been one guy in jail. How did that happen . I tell you how it happened. Because they dont think you have any power. Right . The guys that had power got bailed out. Now, think about it for a second. Just do the math i just talked about. Youve had the rise of china, particularly since the late 1990s, early 2000 when democrat and republicans, the clintons and the bushes told us, if you give them most favored nation treatment, if you let them into wto, if you let them get into the entire rulesbased Postwar International Order that the United States underwrites, everything would be fine. Well, guess what . Thats not a small mistake. Thats a massive mistake, right . They had no intention of doing that. If you read all the papers of president xi and all the guys around him, they had no intention of doing that. They have their own set of rules. Where they have an absolute closed economy, where the United States has a totally open economy. Where they have forced Technology Transfer. If you have just do the math, the 3. 5 trillion in forced Technology Transfers toppled coupled with 5. 6 trillion for fighting the war on terror by the way, thats not our entire defense budget. Thats what, 10 trillion. What would this country look like if 10 trillion was reinvested in this country . What would it look like if you guys had a piece of that . What happens if black, hispanic entrepreneurs had half a trillion dollar to invest . This would be a totally different country. Right . So, how did it happen . Heres how it happened. The elites in this country have made out like bandits. Stock market alltime high. President trump says you have 401 k , hes absolutely correct. The stock market rise under prip has been fantastic. Workers have benefited from it. Thats not the point. The point is that the elites are quite comfortable, this is both regardless of political party. To me, Political Parties dont matter any more. Everything you see on cable tv, our good friends at msnbc, and cnn and fox, everything you see in the foreground is pro wrestling, okay. It doesnt matter. Its just noise. Its just noise. The real action is what takes place behind the curtain. Why are seven of the nine rich est counties in this country around washington, d. C. . Why for the First Time Since the very many of the silicon chip that washington, d. C. Has a higher per capita income than Silicon Valley . And Silicon Valley is the greatest creator of wealth in mankinds history. Its because thats not the 4 trillion federal budget you have. Its all the off balance sheet, cash they got to play with, too. Remember, we have 20 trillion face amount of debt. Thats tiny. The contingent liabilities depending on what your a smk assumptions are, 3 trillion to 200 trillion. The global stock market the other day i think on friday, they reached the total aggregate amount of value in the Global Stock Markets reached i think 100 trillion. Was i correct i saw 100 trillion . How much of that has gone to the middle class of this country . How much has gone to the working class in this country . Heres the scam and heres what economic remember, economic nationalism does not care about your color, your race, your ethnicity. It doesnt care about your religion. It doesnt care about your gender. It doesnt care about your sexual preference. Thats all irrelevant. You know what it cares about . Only one thing. Youre a citizen of the United States of america. [ applause ] remember, illegal immigration and the trade deals are two sides of the same coin. Its to suppress the wages of workers, right . The terrible trade deals are to have unfair Competition Among our workers, right . Thats what it is, the whole thing is because its made cheap over there. You dont need to tell the people in ohio. They know where the jobs went. The jobs went to asia. This wasnt the second law of thermo dynamics. There is no law of physics that said that had to happen. That is human agency, made that decision. It was going to happen and it went. You know, j. D. Vance wrote this book called hill billy, White Working Class in the upper states. J. D. Pointed out to me the study done at m. I. T. And harvard that talked about the Opioid Crisis. There is a direct correlation, a direct correlation between the factories that left, the jobs that left, the workers left behind, and the opioid addiction crisis. You folks know that. You go out in these communities in the upper midwest. Were losing a civilization. Were losing a Civic Society that has been built over many generations. Thats on our watch. Thats why trump won. When i came to the campaign, i think it was mid august, 16 points down, double digits in the Battle Ground states. All these numbers were horrific. We had a talk. It didnt matter. The underlying numbers, twothirds, onethird thought the country was on the wrong track. But the most important number, a guy named pat gadell gave me, 75 of the American People thought america was in decline. And heres the fundamental difference. The elites are comfortable with that. They are comfortable by managing our decline. Because theyre going to make just as much money on the way down as they made on the way up. Okay. And they have control. And heres the bet trump made. The working men and women in this country are not comfortable with that. Theyre not comfortable with the declining america. Theyre not prepared to seed to china that its going to be a hedge power. Life in this country will be radically different. Hes not about to do that. Hes not prepared to do that. The campaign was basically run on three simple principles. Number one, were going to stop mass illegal immigration, and limit legal immigration. Hea hears p heres the reason. You cant save the black, hispanic and White Working Class while you have unlimited illegal immigration. Im a capitalist. [ applause ] i believe in i went to Harvard Business school and worked at goldman sachs. Im a real capitalist. I believe in supply and demand. What the chamber of commerce and what the capitalists and what the guys on wall street want, they want more labor and competition with our citizens. I get it. Higher operating margin, higher stock price. Okay. Its destroying Civic Society because its destroying the Education System. Its destroying the health care system, but they dont have to pay for it. The workers in this country pay for it. The bad trade deals, the stopping illegal immigration is the same thing. Hb 1 visas. Why are we so adamant about hb 1 visas . The stem program, we turned the Elementary Schools over to stem, science, technology, engineering and math. You know this. Your kids cant learn art and history any more. Theyre always every day is getting ready for the test. Science, technology, engineering and math. You know why . Thats the jobs of the future. There is one big problem with that. Where are they in the engineering schools . I went to a state engineering school, right. I went to Virginia Tech. You go to Virginia Tech today, i dont want to get the wrong number. Twothirds are asian students. Black and hispanic kids cant get in there, and heres what it is. Its not the asian students fault. But theyre paying full freight. And a state kid, black or hispanic, is paying the 15,000. Its the huge its that arbitrage that the universities want. Its a scam. Its a total scam. Our kids are theyre no dumber. Theyre just a smart. They need the opportunity. Thank you dont get in the engineering schools, you cant go to Silicon Valley. Silicon valley says we have to have these hb 1 visas because we need these einsteins, we need these geniuses. Its interesting. The average pay on the hb 1 visa is 102,000. Man, youre paying einstein not a lot of money. Its a scam. What they want is they want lower labor cost. They want American Kids to have to compete on a global basis with the world. By the way, American Kids can compete. But for a job in the United States of america, underwritten by america, American Capital and american rule of law and american protection, that job should go to a kid from america. [ applause ] and i realize your operating margin is not going to be as high, but there are other things than return on equity. Im ape capitalist. But the folks who built this country in the early 19th and 20th century, not everything was net present value. Not everything was about return on investment. They understood we were building a Civic Society. The reason we won world war ii, it was those people in the 19th and 20th century that built an Industrial Power house that could defeat the nazis, defeat the fascists, defeat the military in japan. That was built over decades by american labor. And weve forgotten that. This city has forgotten that, wall street forgot it. Its devil catch the hind most. Its the American Worker and the american entrepreneur thats gotten stiffed. If you look at President Trumps program, just economic nationalism, you wont hear this from the Mainstream Media. You wont read it in the wall street journal or the Financial Times in london theyre globalists. What i said in the foreground its all about pro wrestling. Its irrelevant. The big fight in this city is one fight, between the globalists that run it and the nationalists that want to take it back. And with nationalists [ applause ] its not eth know nationalism. Its not ethno its crazy. You hear that from the Mainstream Media and the cranks on the right, the farright drying to draft off and get free media time. This is about American Workers regardless of your race, regardless of your ethnicity. Regardless of your religion, regardless of your gender or your sexual preference. American workers have to have some rights, and those rights, they dont have to compete unfairly with the world. Thats the revolution were talking about. Thats where the wall street journal Financial Times of london i just got from scotland talking to 50 guys over there. Theyre afraid to death over this. They took me to china, i talked about it over there. Theyre afraid to death of this. Because they realize that when the american working man and american entrepreneurs take over, its going to be a different deal. And thats President Trump look at the program he set up already. Lets talk about some math. I think its what, 3. 3 growth. 3. 3 growth in the latest quarter. The new york fed projects in the Fourth Quarter this year 3. 9 growth. Hes got lowest black unemployment in 17 years, i think lowest hispanic unemployment in 11 years, overall lowest employment of 17 years. I realize those numbers, unemployment numbers are not perfect. And were not talking about all great jobs. But at least the first thing is get people back to work. Get Labor Force Participation up. The key stance ts to look at ar wages. Look at wages and agricultural and construction particularly at the lowest level are starting to increase. Why . Youre finally starting to restrict illegal alien labor from competing against American Workers. Why has this happened . The animal spirits of capitalism have been unleashed. Business confidence is, what, at 20year high, investment is up 10 . Overseas investments, economic nationalism is telling germany and china and japan that tariffs are coming and new trade deals are coming and quotas are coming, and thats why theyre investing here. Theyre not going to do us any favors. By the way, the second part of that, the number one was to stop mass illegal immigration and limit legal immigration. Number two is bring jobs back. Number three was get us out of these pointless foreign wars that have sucked the lifeblood out of us. [ applause ] on the 5. 6 trillion. On the jobs, youre not going to wave a magic wand and the jobs are going to come back. Theerz n theyre not going to come back easily. You saw that in the trip to china. Its going to take tough trade negotiations and tough enforcement. 301 is to enforce trade laws so china cannot demand our technology for access to the market. I think maybe the single most important thing hes done in this administration, its done tremendous things. But if you look at his plan and this is before the tax cut. 3. 3 to 3. 9 before the tax cut. Now, is the tax cut perfect . No, okay, its just not. You know, paul ryan had this theory of border adjustable taxes and export credits and really flipping Corporate Finance on a set of the last 50 years and make take the advantage away from leverage, give it to equity, let you 100 writeoff, capital investment. Period zero. That plan went nowhere. I was a big proponent of that plan. I thought it was fantastic, but it would take many years for people to understand it so it went by the wayside. Lets be honest. This plan is not so much tax reform. I think its a pretty significant if not massive tax cut. And it is weighted to the corporations. Its kind of i think the last of the big reagan tax cuts. The theory is that is going to be an accelerant to an economy thats already starting to see the Green Sprouts of economic nationalism and it will add to that. That increased profitability i dont need to tell entrepreneurs that, will lead to more investment. That reinvest will lead to more jobs. I realize its not perfect. I dont think its fundamental tax reform. I think thats coming in the future. But i think President Trump at least in the senate and the house are trying to get something done that can be significant. And i believe it sets us up with a growing economy to really look at fundamental tax reform going forward. One of the things im most pleased about this, and this is guys like Bernie Marcus and the Job Creators Network and entrepreneurs like yourself, to fight hard so that the pass through, the taxes for the entrepreneurs start to look at what it is for the global corporations. And i think its not perfect. Its certainly not perfect, but its much better than it was. If we can get this passed it will be much better in the future. Let me get specific about what i think has to happen and what i am asking you and trying to enlist you guys to help me because i dont feel all the answers, right . Directionally i can see where this has got to go. Directionally i see where the American People want it to go. But i think a number of things have to happen. Number one, and i think its like a fivepoint program. The first is access to capital. We have to get real, real about recapitalizing the Community Banks. We need the same type of bailout that wall street got to the Community Banks. [ applause ] and ive told raynord, the last talk i had with black and hispanic entrepreneurs. There are seven charters going through Community Banks. I told him, im committed to work with any group that wants to start up a Community Bank that will lend into minority communities. Im prepared to work and hopefully bring, you know, access to capital to do that. Community banks to me are central to this. Also, we have to start to incentivize pretex incentivize private equity if were going to keep carried interest, somehow we have to get and this is a process we have to work through to incentivize Venture Capital, private equity and the hedge funds to invest in minority businesses. One of the things we have to do right away by the way, all the regulation that came up after, after the financial crisis, as bad as it was for the big banks, it killed the small entrepreneurs. It literally killed the Community Banks and killed people trying to lend to black and hispanic entrepreneurs because the paperwork alone i think what President Trump has done, what i call dee construction of the administrative state. What that is is to try to get to a more entrepreneurial, a more entrepreneurial environment for people just like yourself. And so i think thats absolutely central. I also think the new market tax credit, the things in the senate, look, its 5 billion. Its a rounding error. Did i just say that were spending in afghanistan this year your tax money, 50 billion, and were up there begging for 5 billion for the new market tax credit which makes total sense . Have we lost a sense of our priorities . Have we lost a sense of our priorities . By the way, you have to understand something. The reason the Financial Times and the wall street journal hate me and the reason im over in scotland and theyre spitting on the floor when im talking [ laughter ] no, but heres the scam. Its this fetish they have for the international rulesbased postwar liberal order. And that is a series of commercial relationships, trade deals, capital markets, and security agreements. And what it is from western europe we basically underwrite their security to the gulf we underwrite their security to the indian ocean, where we underwrite their security, to the straits of ma lanka, and territories we underwrite their security, to korea and japan and the northwest pacific, which we underwrite their security. Every trade deal were upside down on. And i hear the wall street journal and the Financial Times in london is going to say bannon doesnt know what hes talking about. Negative trade deals are fine, thats a growing economy. Tell that to the folks in ohio and pennsylvania and wisconsin and michigan that jobs that went overseas. [ applause ] you want to solve the Opioid Crisis . We have to take on you want to solve the Opioid Crisis . I have a solution for you. Let lets bring those jobs back to america and well solve it. [ applause ] you want to solve the inner city problem in this country . I have a real solution for you. Put capital to work. Bring manufacturing jobs back and those cities will go through a renaissance. Its not the people is the problem. Its the system is the problem. We underwrite i was there and some guy that used to run nato stood up and said, mr. Bannon, scottish guy, nice guy. He said heres the problem. Weve got, in nato, were your allies and da tada tada, we do this, we have regional responsibilities. You have global responsibilities. I said, ship mate, thats the problem. The e. U. Is the size of the United States of america. It has about 350 million people. Its economy is like 15 trillion. But their mindset is they have their deal. Theyll put as minimum as possible. They can field three combat divisions to protect them from the russians they need another 9. Of kids in your community. My daughter i was a naval officer on the destroyer. You know, half twothirds of my crew, of the guys in my division, black and hispanic. My daughter is a west point grad and army officer. [ applause ] she served in iraq with the 101st airborne. She left her last command. She had 15 noncommissioned officers, sergeants that reported to her. Twothirds of them black and hispanic. Average combat tour is five or six, okay. That security around the world is your money and your kids. [ applause ] heres the question. Heres the question, and theyre up there with john mccain and all the democrats and theyre giving you a shining city on a hill. Fine. But lets have a partners discussion and talk about facts. Heres the facts. You underwrite it and your kids put their lives on the line to make sure it stays safe. And you youve got to bag the rest of these countries and throw a little in for the effort. The time for begging is over. [ applause ] what donald trump has laid out, hey, no more big tpp deals, no more deals like this. Were going to have a bilateral deal with japan, were going to have a trade deal with korea that works. All the geniuses on morning, he shouldnt mention this during the korean situation with south korean trade. Whats a better time to bring it up . Were 50 billion a year upside down on a deal that is supposed to be the best deal ever. None of it works. And heres why. Silicon valley and wall street are making just as much money shipping those jobs over there. Youve got to understand something. The managed decline of our country works for the elites. Who it doesnt work for is the working men and women in this country. It is as obvious as the nose on your face, and the solution is obvious. Working men and women and entrepreneurs need somebody on their side of the football thats prepared to fight. And not back down. Yes. Thats what donald trump came along with. Is donald trump perfect . No, hes not perfect. Hes the first guy to admit highs not perfect. Hes a very imperfect instrument. Its not just the clintons. The other 16 guys who beat in the republican party, he went after the establishment. Thats why hes so hated. [ applause ] hes the first to admit hes a very imperfect instrument. But hes a Blunt Force Instrument that has started to shatter this, at least have a conversation where we can have this. The other parts of this have got to be the infrastructure. What i call infrastructure for success, this 1 trillion infrastructure plan that were going to need your input on and your voice in is to come, i think that will be the big fight in 18. Trust me, if youre not in the room for that one, youre not going to be in the deal for that one. That could be an infrastructure bill that transforms this country. And its going to be hotly contested. And part of this Foundation Im setting up is to make sure that we have the best thinking from black and hispanic entrepreneurs, to make sure your voice is going to be heard because if its not heard, youre going to be dialed out. The other parts of the infrastructure for success. Infrastructure for success is just as important. The intellectual structure for success. My grandfather, smartest guy i ever met, went to the third grade. My dad graduated from high school. Not even sure if my mom graduated. I think she did. It doesnt matter. They could get a trade. They could learn a trade. You know, we lack trades men today. Its the technical schools. Thats what President Trump is doing such a job trying to recapitalize those, and to understand you dont need a College Education to have a great career and a rewarding career and a job that can actually support a family so your wife doesnt have to work two other jobs to support the family. [ applause ] and the last is this continuation of deconstruction. Remember im a populist and he can neconomic nationalist. Decisions have to be pushed down to the people. This globalization thing was made by the jean yugses in london and new york and shanghai and davos. How did that workout for the bank of new yorking m working men and women . The reason is the elites took care of themselves. Now, everybody says bannon, why are you worried about globalization bringing jobs back . Youre not thinking about technology, advances in technology. We have to start to correct the problems with globalization. We have to be like the chinese. It works for the chinese. You know why . Theyre nationalists. They think about china first, right . And devil take the hind most. You want to come to china, you play by their rules, you dont play by their rules. Thats what we have to start doing. You come to the United States, youre going to play by rules that work for citizens of this country. [ applause ] its going to work for workers in this country and companies, but its got to work for the workers in this country. And what weve had is decade after decade. Lets talk about technology before i wrap up. In your lifetime, were going to have the convergence of the silicon chip, convergence of robotics, the convergence of Artificial Intelligence and technology. The decision mankind is going to have to make in the next 10, 15, 20 years are going to be some of the most important fundamental decisions that man has ever made. Its not me saying this. This is, you know, elon musk and all the geniuses in Silicon Valley. You hear it every day. If you read the journals and you see whats coming, you see the developments are coming, you see the convergence going to take place. I have one question for you. Are you comfortable seeding those decisions to the scientific technocratic managerial elite that have run this world for this thing called globalization . Are you comfortable with that . Are you comfortable turning over your children and your grandchildrens fate on the same people, in the same institutions that made the decisions in globalization . Well, im not, and ill tell you another thing. The working men and women in this country are not either and heres why. They do not believe in the decline of this country. They believe that the best days of this country are ahead of it. As soon as their voice is heard, as soon as theyre in the room. And im committed to you and this foundation and Everything Else i do, there is nothing else more important in my life and there is nothing else more important in american life. I want to thank you for having me and ill now take some questions. [ applause ] i can take some questions. Yes, sir, you right there. Hi, my name is robert from chicago. One of the things that i wish you would address are the fake minority business programs that were created because of what happened to black people. Now everybody benefits from those things except black people. What republicans should do is to focus more on the demand side when it comes to business because, no, the truth is nobody does business with black people. So, just try this experiment once. Try to name two black famous entrepreneurs that dont have anything to do with entertainment. You cant name them. We dont participate in technology. We dont participate in finance. The places have created wealth which means we dont have the opportunity to develop our communities like other people have. At the end of the day, you can have access to capital, but without access to customers, youre not going to have anything, and thats where we are today. I wish you guys would look more at that and the president would go after these fake minority passthrough deals these companies do where black people get nothing and they talk about minorities a lot, which everybody is a minority except a straight white nonveteran male. We need to do something about black people getting business so that we dont have to beg for things and we can take care of our own people. So you just signed up for a task force from me. Seriously. Ill be honest, i dont know enough about the issues. Thats why we have to learn and work together. Ill say one thing. My parents home is in the north side of richmond. Weve lived there almost 70 years. When the white flight took to the suburbs we stayed behind. Its predominantly the north side of richmond is black working class, middle class neighborhood. But ill tell you one thing. Wuk you can go around my neighborhood and never see a starbucks. You never see a block buster, you never see any of the national franchises, right . Its quite evident that theyve made some sort of demographic or Economic Analysis and they dont go there and thats wrong. I do disagree with you on one thing. I think there is enough entrepreneurial spirit, enough savvy and enough just grit and determination that if we take care of two things, number one, is making sure in these stem programs we start to get young black and hispanic kids into engineering schools and then jobs in Silicon Valley so that the expertise and the Technology Expertise will buildup, coupled with access to capital. And were moniacal about that. Were going to have a lot of failures. Remember, most entrepreneurs fail. Like six out of ten fail, i think its one out of ten. If we get capital and get the expertise, i think the customers will come. By the way, look, one of the things were trying to do is set up set a task force to help talk to the president and other people on capitol hill of the administration what is needed. Thank you, so much, mr. Bannon. My name is george ferrell. Im with a group called black pack, we do blacks for trump. Youve seen our famous guy behind trump. We endorsed donald trump almost before any other group called black pack. I want to thank you for your strategy and movement and having the bravery to come out here, maybe not bravery but passion to come out here and address that. Youre right. We need access to capital and need more black companies go public like the museum in baltimore. The question is i dont know, hes on a roll. I conned of likind of like this. Donald trump has not hired enough blacks in positions we need him to be in. Thats one of the weaknesses we have. Can you open the door to get him to put more blacks and hispanics into positions . For people who put our names on the line, it kicks back at us so we cant say we made a difference with the president. Its inexcusable. No excuse for it. You cant defend it. Heres why. It didnt take any courage for me to come up here today. You know why . If we dont help the situation with black and hispanic entrepreneurs that will be the vanguard were not going to turn this country around, were not going to do it. You understand the responsibility you have on your shoulders, right . Its not going to happen. We will have two things in this country. We will have either a prosperous free america that takes its place with America First, where its in this Vital National security interest. Were not saying come home. Were not isolationists. We want to be engaged in the world on americas terms whats in the Vital National security interest of the United States will be in the Vital National security interests of our allies. Not protectora test s. You are vital, what i said on the campaign. Yes. I said, lets go to mexico and see the president and go to flint, michigan. Shes not going to flint, michigan. Shes not going there. We have to solve these problems. If we dont have access to technology, jocks by blabs by b hispanic kids, if we dont stop the unfair competition, if we dont get capital to black and hispanic entrepreneurs, we dont do those three things we wont sort this country out. You see where the cultural marxist on the left has us going. We will have a revolution in 10 or 15 years. No doubt about that. We either get this sorted now and get it sorted with you folks or we wont get it sorted. By the way, its totally inexcusable. I hope and i think theres action being taken place to solve that. But a big part of what im trying to do in this foundation is make sure you guys have a voice so we can hammer that everyday. [ applause ] i have time for two more questions. You mentioned the Development Funds that will be coming online and ryan is part of the team putting together those Development Funds around seven cities across the u. S. Well definitely be following up with you on that. I just wanted to bring that up and say im working on that as well. Oh. Sorry. Thank you. I was actually on the Trump Campaign as well. Thank you for all youve done and helped out. Thanks. By the way, the Development Bank situation in rainer, i want to talk to you about it. Anything i can do people will tell you, im a tireless worker, right . Sometimes i get a little heated. By the way, if you didnt get heated, you guys see it, if it didnt drive a rational man crazy then youre not rational. Yes, sir. We have time for one more question. Im really the reason i have to get on a plane to alabama for judge moore. I have another question for you. By the way, thats go ahead, sir. I fully support your american identity because im from harvard, kennedy school. From my research i find, researching china and Research China and the u. S. , the question is we found in like harvard, 90 of liberal people vote for hillary, student lost identity for next generation, thats a key problem for americans. I wonder, do you have any plan to help our next generation people, all to understand and safe guard our identity and keep America First . This is a question about our Education System and where its gone teaching patriotism and everything like that. That is a problem we have to sort out and we have to fight for that. Yes. Heres the way i think we get it going. We show those American Kids that were prepared to fight for their jobs, were prepared to tight for their future, were not going to let unlimited competition from around the world take their birthright. Yes. Remember, think about all the folks that came before you, think about two, three, four generations before you, all the hard work and grit and determination it took to get here, right . Remember in burkes the rtheoreme as much to the past as future. Hopefully it will come. Lets show these kids were prepared to fight for their jobs and were not going to let the world come and destroy their economic future. Lets run it economically like china runs it, right . Lets become i know protectionism, its called the pword, right, not supposed to use it. All i want to do is make sure that manufacturing jobs, not service jobs, manufacturing jobs come back to this country. Theres no magic wand that were going to wave and its going to be okay. One last question. Yes, sir. Mr. Bannon, im a former 33 Year Economic development professional. I was a skeptic until i heard your comments this afternoon. So thank you for that. Thank you for coming. I have put together a strategy that would help black and hispanic entrepreneurs actually be able to use capital they already have and invest it in their business to leverage other capital and grow their companies. How can people like me work with you . To everybody in the audience we will set up task force, people that know me will tell you, im not a guy that will have a task force for some Committee Just to have a paper. Were in this to get action. One thing i pride myself, i get results, right . I want to work with you, thats why i came today, i want to meet you guys and we will work together. I want to say one more thing before i go, judge moore and alabama. Im a street fighter and im proud to be a street fighter. This country needs somebody to fight for it and people in this country, workers in this country need somebody to fight for them. I fought for trump and i fought for judge moore. I dont know what the outcome will be. I tell you one thing we backed off the republican establishment that was prepared to toss this seat to the democrats. You know why . They would rather play their games in washington, d. C. Than let the people of alabama have a decision, okay . Whatever the outcome is, jones or moore, at least now we have a little bit sorted that the republicans are backing a republican candidate, the democrats are going to back a democratic cabinet. This thing of the establishment putting a knife in for everybody that wants to fight for a nationalist agenda is wrong and has to end. What im committed to you today is one thing. Im prepared to put my shoulder to the wheel for you guys. People will tell you if youre in a foxhole, bannon is not a bad guy to have with you. Thank you. [ applause ] okay, give him another round of applause. No, no, come, come. Hes got to go. Hold on. Stay tight, hang tight. Hold on. Tomorrow on capitol hill, the Senate JudiciaryCommittee Examines the regulations regarding firemen sales and background checks. Scheduled to testify officials from the ati, atf and air force here on cspan3. The afternoon the House Rules Committee meets together to consider a short term spending measure as well as other legislative proposals also live beginning at 3 00 p. M. Eastern. By the time i came back to the district or shortly there after both of my uncles were sent to prison, they were convicted, one, Sexual Assault and the other, armed robbery. For the part of my childhood i can remember, it was my mother, her two sisters, my grandmother and my cousins in the house on 13th street. Sunday night on cspans q a, tiffany wright, senior associate at the law office of will mer hale talks about growing up in washington, d. C. And her time as a clerk for Supreme Court justice sonya societomayor. I think the pool for justices is really small. If you were a viable candidate you went to a really great school and you have impressive people willing to speak up for you in the form of recommendation letters. You clerked for one of a very small number of judges that routinely feed clerks to the court. For a person of color, particularly africanamerican or latino to get into that pool, theres so many obstacles to that it becomes a real problem. I think it hurts because the perspective of diverse law cl