Donald Trump Cabinet Meeting Transcript: Trump Calls Emoluments Clause of the Constitution "Phony" - transcription powered by Happy Scribe

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OK, thank you very much. Now, the cabinet meeting will have a few questions after Grayson, if you would. Then do the honors.

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Our father in heaven, we're so thankful for the many blessings you have bestowed upon us in this country. We're thankful for the people of courage who have been here before us, who have fought hard for the rights of our country. And we thank you for President Donald Trump, who also exhibits great courage in the face of constant criticism. We ask that you would give him the strength to endure. And the wisdom to the end to recognize you as the sovereign of the universe with the solution to everything and the people around the president, the vice president, the Cabinet, the advisers, give us all understanding heart and a compassionate heart.

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Those are the things that will keep America great and help us all to recognize as a nation that separation of church and state means that the church does not dominate the state. And it means the state does not dominate the church. It doesn't mean that they cannot work together to promote godly principles of loving your fellow man, of caring about your neighbor, or developing your God given talents to the utmost to become valuable to the people around you. Having values and principles that govern your life.

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And if we do those things, then we will always be successful. We thank you for hearing our prayer and your holy name. Thank you. The economy is doing fantastically well, it's getting. Very close to another record. We've had many records since we won office. We're getting very close to another record. I don't know if anybody saw the household median income for eight years of President Bush. It rose four hundred dollars for eight years of President Obama.

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It rose nine hundred and seventy five dollars. And for two and a half years of President Trump, they have it down as two and a half years. It rose five thousand dollars, not including two thousand dollars for taxes. So it rose, let's say seven thousand. So in two and a half years, we're up 7000 compared to 1000 compared to 400. And that's for eight years and eight years. That's a number that just came out. But that's a number that I don't know how they could be any dispute or any.

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I've never heard of a number like that. Meaning the economy is doing fantastically well. We need for our farmers or manufacturers, for, frankly, unions and non unions.

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We need USMC to be voted on. If it's voted on, it'll pass. It's up to Nancy Pelosi to put it up. If she puts it up, it's going to pass. It's going to be very bipartisan. It's something that's very much needed. Hundreds of thousands of jobs. Mexico and Canada have approved it. It's done. They're waiting for our approval. And we can't seem to get votes. I call them the do nothing Democrats. I mean that they've done nothing.

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But this is something they can do very easily. We'll give them bipartisan approvals and credits, all the credits they want, but they have to be able to do it. So the economy is doing fantastically well. We want to vote on USMC. We have other trade deals that we've done. We've done South Korea, which is a fantastic deal for us. Turned out even better than we thought. South Korea was a terrible deal. The person in charge of that particular deal, Hillary Clinton, if you've heard of her, she's the one that's accusing everybody of being a Russian agent.

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Anybody that is opposed to her is a Russian agent. So that's a scam that was pretty much put down. TELSEY I don't know. Telsey, which state? A Russian agent. I don't know Jill Stein. I know she likes environment. I don't think she likes Russians. If she does like a man, no, she's not a asset. She called her an asset of Russian. These people are sick. There's something wrong with them. But I think that the Tulsi Gabbard probably got helped quite a bit by this staff.

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I think we will help because it shows the two and a half years that we end up winning. I had to go through torture eight years. She would have done this earlier. People would have realized what a scam it is. Everybody's a Russian or a Russian agent or a Russian asset. The economy, again, is at a level that it's never been. We are doing whether it's household income, whether it's almost any charge. And I think maybe the best of all is unemployment.

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Unemployment has reached historic lows. African-American, Asian-American, Hispanic, American reached numbers that nobody ever thought would be possible, had the lowest ever in history. So if you're black, if you are Hispanic, if you are Asian, anybody, African-American, Hispanic and Asian, the lowest in history for women, the lowest in 71 years, the best when I say lowest. I'm talking about the best, both the best unemployment numbers and the best employment numbers.

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Either way, you want to cut. You can say both because it's best in both. As far as employment is concerned, we have the most people working today than ever before in the history of our country. We've never had this close to 160 million people. So it's some incredible things are happening. Syria. We will be giving a much fuller report. Mike Pompei, our secretary of Defense, Esper, and the different people that are very much involved.

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Mike Pence, vice president. We're having very good news coming out. These cease fires holding the Kurds are moving out to safer areas beyond the safe zone, as we call it. Having a safe zone is not a bad thing. That's a good thing. And plenty of Turks have been killed because of conflict on their borders. So, you know, you have to look at it both ways. But to cease fires, absolutely holding. There are some skirmishes, but very little, relatively speaking.

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Of course, if you watch the fake news, it's like pretty, pretty wild. It's really holding. I've watched these pundits that have been working on this thing for 20 years. They've been working on the Middle East for 20 years. I don't know what they're doing and they're telling me what to do and say what a trump get out of it. What did he get out of it? They want to get out of it. We won't be fighting and we'll bring our soldiers back home.

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There was supposed to be there for 30 days. And they've been there now for 10 years in Syria, 10 years. They're supposed to go in to a quick hit on ISIS and come out. Now, as far as ISIS is concerned, when I took over. November 2016, ISIS was all over the place. I'm the one meaning it was me and this administration working with others, including the Kurds, that captured all of these people that you're talking about right now.

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As President Obama was a mess and I was told and you were told and everybody told it would be years before you ever did what I did. In about a month and a half after I started, I went over to Iraq and met with our generals. Then we figured out a plan and it was done within a month and a half. So I'm the one that did the capture and I'm the one that knows more about it than you people are the or the fake pundits.

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But I sort of have to smile to myself. I was down a couple of people in watching these people that I've been watching for 20 years. I've been watching the same place. Just a little bit older and a little bit grayer. I've been watching them for 20 years saying about the Middle East and they've been wrong on everything they've ever said. And now all of a sudden people are starting to say, you know, what Trump is doing is great.

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And we have tremendous, tremendous power because since the election of twenty sixteen November, since that beautiful day, our countries picked up in value trillions and trillions of dollars of worth trillions and trillions of dollars, numbers that nobody would believe numbers. If I would have said it on the campaign trail, I would have been I would have been excoriated by the fake media. Excoriated.

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The numbers are far greater than anything that even I predicted. You hear that would be household median income. Four hundred dollars for eight years. Nine hundred and seventy five dollars for eight years. Seven thousand dollars for two and a half years. Nobody's ever seen numbers. Larry Kudlow is going to speak in a minute and he's going to tell you that's one of the greatest strength of our country. And by the way, other areas and countries are doing good.

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Europe is doing very poorly.

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Asia is doing very poorly. China is doing very poorly. Worst year they've had in fifty seven years. I wonder why. I wonder why. I'm sure you can figure it out. And we're doing great. We're taking in billions and billions of dollars in tariffs from China. And they're reading the tariffs because they devalued their currency and they're pouring money into their economy because they don't want to lose jobs, but they are losing jobs and having a terrible year worse than fifty seven years, they say.

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And if they say that means it's worse and they announce that they have the worst numbers they've had in 20 years, they announced six. I don't think it's six. I think it's probably minus something could very well be minus could very well be in negative territory. But we're doing great.

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And by the way, the deal with China is coming along very well. They want to make a deal because they sort of have to make a deal. I think they have to make a deal because their supply chain is going down the tubes. Supply chain is broken. Like you've never seen anything broken before. It's broken. So our soldiers are in Syria. They're moving out very nicely. ISIS is being held by the Kurds. And I have an absolute commitment from Turkey that they're watching him just in case.

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So we have a double. We have the Kurds watching it. As you know, most of the ISIS fighters that we captured, we we've not Obama. We we captured them. Me, our country captured them working with others, including the Kurds. And we helped them. Don't forget, we have the Kurds and we said the Kurds helped us. It's true. We helped the Kurds. They're no angels, but we help the Kurds. And we never gave the Kurds a commitment that we'd stay for their kids for a hundred years and protect them.

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They've been fighting with the Turks for 300 years, the people know of and nobody ever committed. Gee, if you do this, we're going to do that. We're going to stay with you forever. Nobody ever said that. But when I watch these pundits that that always are trying to take a shot, I say they say, what are we getting out of it? You know, we're getting out. We're bringing our soldiers back home. That's a big thing.

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And it's going to probably work. But if it doesn't work, you're going to have people fighting like they've been fighting for 300 years. It's very simple. It's really very simple. But we're going to bring our soldiers back home. So far, there hasn't been one drop of blood shed during this whole period by an American soldier. Nobody was killed. Nobody cut their finger. There's been nothing. And they're leaving. Rather, I think that expeditiously, rather.

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Intelligibly. Just leaving, leaving certain areas leaving. We've secured the oil. If you remember, I didn't want to go into Iraq. I was a civilian, so I have no power over it. But I always was speaking against going into Iraq was not a great decision. But I always say if you're going to keep the same thing, if you want to keep the oil and we'll work something out with the Kurds so that they have some money, they have some cash flow, maybe we'll get one of our big oil companies to go in and do it properly, but they'll have some cash flow if they basically don't have.

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Right now, everybody's fighting. Not a big oil area, but everybody's fighting for whatever there is.

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So we have a lot of good things going over there and they're going very well. As far as the continuation of the witch-hunt would be the Russian deal. We beat the Möller deal. Now, I find out, as I said before, that they are trying to make other people into Russian agents. Russian assets has no credibility. Now they have what should be extremely easy to beat because they have a perfect phone call. I made a perfect call, not a good call perfectly.

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In fact, a friend of mine who's a great lawyer. So did you know this would be the subject of all of this scrutiny? Because the way you express yourself, this is like a perfect call. You must have known this was gonna happen. No, I didn't. That's just the way I thought. The president of Ukraine, who, by the way, said there was no pressure. There was no blackmail. There was no anything in Congress been heard.

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I have to tell you, yesterday, it was great. It was great what he said. I gave a lot of respect for him very quickly because you said, you know, with all of this going on. I haven't heard one Ukrainian say there was pressure. I haven't heard one Ukrainian, not one. Say that there was pressure of any kind. There haven't even been reports of it to our people. Nobody's even said it. And the reason you haven't heard it, because there is no pressure.

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The conversation I had was perfect. And what happened is I released the conversation and that through shifty chef off crooked. He's a corrupt politician. Chef is a corrupt politician that threw him off because he made up a lie. He made up what I said in my conversation. And he went before the United States Congress and he said a made up story that was fabricated. He totally fabricated. They say he's he's a screenwriter. Well, this was screengrab.

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There was a fabricated, sir. So he made up a lie. And I we least they never thought that I did this. I released a transcription done by stenographer's of the exact conversation I had. And now the game was up. And the other thing is the whistleblower and the other whistleblower at the informer, all these people that seem to have disappeared. You know why they disappeared? Because they talked about another conversation, a conversation that I never had.

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They made up a conversation. Now, if you look at the whistleblower report and you look at the actual transcribed conversation, the actual conversation that I had, and you couple that with the president saying that that was a perfectly fine conversation, I don't even know he does. You know what they're doing. He didn't even know about the money not being paid. I think that came out somewhere that the money he didn't know that. Then you also have his foreign minister saying no is a very good conversation.

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There was no anything asked where there was no pressure whatsoever. So there's a phony investigation. I watched a couple of people on television today talking about it. They were talking about what a phony deal it is, what a phony investigation it is. And the Republicans have to get tougher and fight. We have subdebt great fighters, but they have to get tougher and fight because the Democrats are trying to hurt the Republican Party for the election, which is coming up where we're doing very well, where I had a record throughout the history of the region.

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It's the biggest crowd they've ever had. And we had twenty thousand people outside of Leeph. We're doing great in the election. You saw what happened in North Carolina. We picked up two seats that people didn't think we were going to pick up. I was two weeks ago last week, a governor that people thought was OK, went down. And now he's got a big election. He was under 50 percent. Nobody thought that was going to happen.

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We're doing very well. But a lot of these stories that are made up between a guy like Shifty Schiff, who's a phony guy, corrupt politician. The media buys it because unfortunate. The media is corrupt. Also, much, much of the media, so much of it is such a big percentage of it. It's such a shame. Some great reporters have great journalists, but some really bad people. So that's the story. The economy's good.

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We're doing well with getting out. Finally, after 10 years. Again, 30 days to 10 years and we're getting out. Nobody. None of our people are injured. It's very smooth thus far. And I think that you're going to see something that's going to be good. Remember this, if Turkey misbehaves, I don't think they will. But we have a power that nobody thought we had. To the extent it's called sanctions, it's called tariffs.

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We'll tariff the hell of their product coming here. They sent tremendous amounts of steel to the United States and other things. We will tariff them and we will sanction them. But I don't want to use that as a threat because Mike Pence and our secretary of state, Mike Pro-ban, they went out and they negotiated a very good five day ceasefire. I'm sure we needed a little extension that would be happening. But our power is in our power of economics.

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Great power. We've rebuilt the military since November of 2016. Our military was totally depleted from being in stupid situations like this for so many years. Our military was depleted to a level that we had very little ammunition that was actually done. We had no ammunition. Now we have more ammunition than we've ever had. Our military is as strong or stronger than it's ever been, probably stronger than ever. And in a few short months, as the equipment pours in from the money, we spent two and a half trillion dollars.

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It will be it will be in a level that it's never even come close to. It's a big difference all made in the USA or made in the USA. So we're doing very well. And if anybody has any questions, please feel free.

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And we've looked at the number of troops in Syria. Excuse me. We maintain a limited number of people.

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Well, we don't think it's going to be necessary. I don't want to leave troops there. It's very dangerous work. You know, we had 28 troops as a. People said 50 was 28. And you had an army on both sides of those troops. Those troops would have been like that. I don't think it's necessary. Other than that, we secured the oil in a little different section, but we did secure it, you know. And the other reason.

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Region where we've been asked by Israel and Jordan to leave a small number of troops is a totally different section of Syria near Jordan and close to Israel. And that's a totally different section.

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That's a totally different mindset. So we have a small group there and we've secured the oil. Other than that, there's no reason for it in our opinion. And again, the Kurds are going to be watching. We're working with the Kurds. We have good relationship with the Kurds. But we never agreed to protect the Kurds. We fought with them for three and a half, four years. We never agreed to protect the Kurds for the rest of their lives.

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Remember this? When Iraq was fighting the Kurds, everybody thought we were going to fight with the Kurds. I said, well, it's a little strange that we're fighting with the Kurds. When we just spent four trillion dollars on Iraq and now we're going to be fighting Iraq. So what I did is I said we're not going to take a position. Let them fight themselves. I thought the Kurds would do very well. Everyone said, oh, the Kurds will do very well.

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Well, Iraq moved in and the Kurds left. They didn't fight because they didn't have us to fight. A lot of people are good when they fight in the desert. You know, when you have 10 million dollars worth of aeroplanes shooting 10 miles in front of your line, it's much easier to fight. But with that, they were a good help. But we were a great help to them, too. They were fighting ISIS. You know, they hated ISIS.

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So they were fighting ISIS. But we never agreed. Whereas an agreement that said we have to stay in the Middle East for the rest of humanity. For the rest of of simple. Nation to protect the Kurds, it never said that. And we have protected them. We've taken very good care of them. And I hope they're going to watch over ISIS because that's again, most of it's not in the same stone as we call it. Some places called demilitarised zone in the old days would call areas like this a demilitarized zone.

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And our relationship with the Kurds is good and they're going to be safe. And I will say this, if shooting didn't start for a couple of days, I don't think the Kurds would have moved. I don't think, frankly, you would have been able to make a very easy deal with Turkey. I think when it started for a few days, it was so nasty that when we went to Turkey and when we went to the Kurds, they agreed to do things that they never would have done before the shooting started.

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If they didn't go through two and a half days of hell, I don't think they would have done it. I think you couldn't immediately. And people have been trying to make this deal for years, but we're close to making it.

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We'll see what happens. Again, they've been fighting for 300 years that we know of 300 years. So why should we put our soldiers in the midst of two large groups, hundreds of thousands, potentially, of people that are fighting? I don't think so. I don't think so. Yes, the Republicans need to get tougher. The fight. What are you talking about?

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I think the Democrats fight dirty. I think the Democrats allows young politicians with lousy policy. They want open borders. They don't care about crime. They want sanctuary cities. They don't care about drugs. They don't care about almost anything. They don't care about USMC. How about that? I think they're lousy politicians. The two things they have, they're vicious.

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And they stick together. They don't have Mitt Romney in their midst. They don't have people like that. They stick together. You never see them break off. You never see somebody go out. And that's why I respect it so much. What I watched with Will heard today, because he was one of the few that didn't seem to be there. And yet he made a statement. He said, well, I haven't seen any complaints whatsoever from the Ukrainians in the Ukrainian city.

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And they didn't tell any of our ambassadors. This thing is all about a letter that was perfect. You never hear the letter anymore. It was all about whistleblowers. You never hear what happened to the whistleblower. They go because they've been discredited. What happened to the informant? And where's the I.G. Why did the I.G. Read the letter, read the transcript. He could could've gotten it. I guess I so I would have declassified it for him if I had to do that.

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Why didn't you read this and then see that the whistleblowers account was totally different than the letter that he would've set off. There's no problem. The whistleblower gave a false account. Now you have to say, well, do we have to protect somebody that gave a false account? You know, these whistleblowers. They have them like they're angels. So do we have to protect somebody that gave a totally false account of my conversation? I don't know. You tell me.

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Do we have to protect the informant? Now, I happen to think there probably wasn't an informant. You know, the informant went to the whistleblower.

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The whistleblower had second and third hand information. You remember that there was a big problem, but the information was wrong. So was there actually an informant? Maybe the informant was shift. It could be shifty, chef.

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In my opinion, it's possibly.

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Why didn't Schiff say that he and his staff or his staff or a whole group? Why did he say that? He met with the whistleblower. He knew all about the whistleblower. Why didn't he say he's a crooked politician? Very bad for our country. This whole thing is very bad for a country. In the midst of that, I'm trying to get out of wars and we may have to get in wars, too. OK. We may have to get in wars.

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We're better prepared than we've ever been. If Iran does something, they'll be hit like they've never been hit before. I mean, we have things that we're looking at. But can you imagine? I have to fight off these these lowlifes at the same time, I'm negotiating these very important things that should have been done during Obama and Bush and even before that.

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All right. So that's where we are right now.

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Go ahead, please.

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Mr. President, who would you send?

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Well, they have to be sent initially to different parts and get prepared. That ultimately would bring in the army. We're bringing our troops back home. I got elected on bringing our soldiers back home. Now, it's not very popular within the Beltway because, you know, Lackey doesn't like it. And these great military companies don't like it. Not very popular in outside the Beltway. My largest cheer in Dallas, I have 25000 people close in that arena.

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A record crowd. I had so many people outside of there in the thousands. My largest cheer that night was two things were building the wall. That's number one.

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And number two and probably tied to number one was we're bringing our soldiers back home. That was our largest year in Dallas. Great place, great state, Texas. Tough state, tough. When I said we're bringing our soldiers back home. The place went crazy. But within the Beltway, people don't know. It's much tougher for me. Be much easier for me to let our soldiers be there. Let him continue to die. I go out to Dover and I have to I mean, parents, it's not a pleasant thing.

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It's the most unpleasant thing I do. Most unpleasant thing I do. I see that big cargo plane open and I see those coffins get rolled off. Or when I go over to Walter Reed Hospital, where the doctors are incredible, by the way, saving people that could have never been saved even five years ago. You know. But those people are horribly wounded, horribly, horribly wounded warriors. So toughest thing I do. Toughest thing is sending letters.

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I send many letters home to parents and I speak to parents trying to send many letters home to parents or their son or daughter has been killed over in the Middle East. For what? For what? There are times to fight. And there are times not to fight. There are times to be smart.

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We have tremendous economic power and we're using our economic power much more powerful in certain ways than playing with with guns. Much better for our country and much better for everybody. And actually much better for humanity. OK. Thank you all very much.

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I appreciate that. Around and around is a very simple situation. I own a property in Florida. I was going to do it at no cost to give it free if I got a ruling. This is a question as to whether or not you're allowed to give it because it's like a contribution to a country would have to get a ruling. But I wouldn't given it for nothing. It's a lot of a lot of money I would've given away. Like I give away my salary.

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I give away my salary. It's I guess, close to four hundred and fifty thousand dollars. I give it away. Nobody ever said you give away a salary. Now it comes up because of this. But I give away my presidential salary. They say that no other president has done it. I'm surprised to be honest with you.

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They actually say that George Washington may may have been the only other president. But see whether or not Obama gave up his salary, see whether or not all of the other of your favorites give up their salary. The answer is no. They say it's the only one they think George Washington did. But that they say no one. So I give up. It's out of money. Four hundred and fifty thousand dollars plus two and I give that up. So I have a place that's in the best location.

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I'm very good at real estate. Very, very much better than you even understand. When you see my financials, which I'll give at the right time, you'll say, man, he much better than we even thought. This guy knows right here. Manoogian because he was in the private sector. He's he does he knows very much what I have. He would tell you someday, maybe he'll tell you. But I'm very good. A real estate.

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Miami, this facility, everybody would have had their own building. Everybody in the G7 would have had their own building. It was so good. Florida loved it. They love economic development. It's not because it's a it's a beautiful place. It's new. It's been totally rebuilt. It's new. Everything's good. That massive meeting rooms unlimited for security because it's on hundreds of acres. This location right next to the airport, Miami International, one of the biggest airports in the world.

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Some people say it's the biggest, but one of the biggest airports in the world. It's only minutes away. It would have been great. But the Democrats won praise even though I would have done it free. Save the country a lot of money. Then they say, oh, but you'll get promotion ticket. You don't think I get enough or much? I get more for emotion than any human being that's ever lived.

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And I think I get. I think I wouldn't have that. I think I can say that fairly safely. I think I get more promotion than every human being that's ever lived. Some good some bad people that like you give me only good people that don't like me could be wrong. But that's the way life is. I don't need promotion. I don't need promotion. OK. But I was willing to do this for free. And they wouldn't it would have been the greatest G-7 ever.

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And I would have said to my family, because they run my business now, I don't run my business. I actually put all the stuff in trusts. They run. And I didn't have to dive under no obligation to do it. You know, I don't know if you know George Washington. He ran his business simultaneously while he was president. Many other presidents, there weren't too many really rich presidents, but there were a few. They ran their business.

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Hey, Obama made a deal for a book. Is that running a business? I'm sure he didn't even discuss it while he was president. Yeah. He has a deal with Netflix. When did they start talking about that? That's only, you know, a couple of examples. But other presidents, if you look at other presidents, were wealthy, not huge wealth. George Washington was actually considered a very, very rich man at the time, but they ran their businesses.

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George Washington, they say, had two desks. He had a presidential desk going to business desk. I don't think you people with this phony emoluments laws. And by the way, I would say that its costs be anywhere from two to five billion dollars to be present. And that's okay between what I lose and what I could have made. I would've made a fortune if I just ran my business. I was doing it really well. I have a great business, have the best properties.

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But between what I lose and in all fairness, some properties rouse an example. Doral, we're setting records when I bought it because I owned it for a period. Setting records, it was going did. There was nothing like it was making a fortune. And then what happened? They announce I'm going to run for office. And all of us and I say, we're gonna to build a wall, we're gonna have borders, we're gonna have this.

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We then and then all of a sudden people some people didn't like it. They thought the rhetoric was too tough and it went from doing great to doing fine. It does very nicely now. It's actually coming back. I understand very strongly. But Doral was setting records that I knew this would happen. Most of the stuff that I have. Because now, instead of having 100 percent of the market that loves you and they love your brand and its luxury and it's great now you have 50 percent of the market that's called politics.

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I fully understood that. So it's cost me between 2 billion and 5 billion dollars. And if I had it to do again, I do it in an instant because who cares if you can afford it? What difference does it make? If I had this to do again, because I'm making a big difference for the country. The country is stronger now than it's been in many years, maybe ever. Our military's rebuilt. Our economy is hitting records.

[00:33:05.07]
As I said, best unemployment numbers, best employment numbers were strong. We're bringing our soldiers back home from the endless wars. We're doing great. So whether I lost two million dollars, five million dollars, more or less doesn't make any difference to the advocate. Richard, does it matter? I'm doing this for the country. I'm doing it for the people that show up. I haven't had an empty seat at a rally. I would say, where's the rally?

[00:33:34.05]
It's at a certain place. OK. Just get the biggest arena. I go to these massive basketball and it's like in Dallas where the Mavericks play and fill it up and set a record. Set a record almost every place I've been. Because we just need a little small stage. We don't need basketball courts, ice hockey squads. And I take less than musicians because they have bands.

[00:33:53.07]
I don't have been set the world record for somebody without a guitar. OK. I don't have names. Right. So that's a story. And you know, those people are the poll. And I had great polls. I've had my best polls now. I think it's because people think that it's terrible what they're doing. Pelosi, Shifty, Schiff, Schumer. These people are trying to destroy the country. It's a very bad thing what they're doing. The president of the United States should be allowed to run the country, not have to focus on this kind of crap, while at the same time doing a great job on Syria and Turkey and all of the other things that we did.

[00:34:34.00]
North Korea. OK. Maybe someday. But I'll tell you what, if somebody else became president with that same mindset that they had, you'd right now being a big war with North Korea. You don't hear too much about it. Could happen. Could happen. I don't know. I always say, you know, it's it's deals. Who knows? But in the meantime, North Korea's. I like him. He likes me. We get along.

[00:34:58.08]
I respect him. He respects me. You could end up in a war. President Obama told me that. He said the biggest problem, I don't know how to solve it. He told me he doesn't know how to solve it. I said, did you ever call him? No, actually, he tried 11 times. But the man on the other side, the gentleman on the other side did not take his calls. OK. Lack of respect.

[00:35:23.03]
He takes my call. Thank you very much, everybody. Now, when we come back, we'll look at other locations.

[00:35:33.00]
I don't think it'll be as exciting and it wouldn't be as good. And of course, the country of fortune, because it's very expensive in France, had a budget of many, many millions of dollars. They just did it. They did a great job. But France had a budget of many, many millions of dollars.

[00:35:46.09]
It's going to cost a fortune for the country. I was willing to do it for free. But if people didn't like that, they thought, I may get some promotional value. I need promotional value so badly, but I don't need promotional. Dad. What do you say? What is Steve?

[00:36:00.07]
No, that's all right. So it's a show on Iran will not engage on Iran. What do you just say? Well, you well, you mentioned would not be cheap.

[00:36:09.06]
It's a foregone conclusion in the house.

[00:36:12.03]
Well, I think they want to. Any Democrat wants to because they're not going to beat me in the election. So, of course, they want to impeach. Why wouldn't they want to impeach me? It's so it's so illegitimate that it cannot be the way the founders, our great founders, meant to be. But I choose this guy. Congressman Al Green say we have to impeach him. Otherwise, he's going to win the election. What's that all about?

[00:36:35.03]
But that's exactly what they're saying. We have to impeach him because otherwise he's going to win. I'm going to win the election. Look, I have the strongest economy ever. It's the economy, stupid, right? At the strongest economy in the history of our country. OK.

[00:36:51.04]
We're setting records over 100 times. I think it's like one hundred and eighteen, but over 100 hundred times we've had the highest stock market in history since November 8, over 100 times now, by the way.

[00:37:05.07]
Today I got elected the following day from there until January 20th. The market went through the roof. You know what went through the roof? Because they got rid of Obama and they got rid of Clinton. And if anybody else had any of these people that I've been watching on the stage got elected, you four one KS would be down the tubes. They go down not 20 percent or 30 percent think a down 70. Ninety eight. You destroy this country after you destroy the country.

[00:37:35.00]
So I think they want to impeach me. Christie, only way they're going to win. They've got nothing. All they have is a phone call. That was perfect. All they have is a whistle blower who's disappeared. Where is he? He's gone. Then they have a second whistleblower. The second whistle blowers got. Oh, it's gone. Where is he? He disappeared. Then they have an informant. All the informant is. Where is he?

[00:37:57.04]
They're interviewing. They're interviewing ambassadors who I'd never heard of. I don't know who these people are. I never heard of them. And I have great respect for some of them. One of them said just recently, a very, very highly respected man. I'm not gonna get into their names. But I said, no, no. We were very, very bothered by Joe Biden and his son back during the Obama administration. He said we were very he's supposed to be their witness.

[00:38:27.02]
Don't forget, many of these people were put there during Obama, during Clinton, during the never Trump or Bush era. You know, you had a never Trump, but you have of those first people might be worse off than ever.

[00:38:42.00]
Trump. That's the good news is they're dying off fast. They're on artificial respiration, I think. But no impeachment. They want to impeach. And they want to do it as quick as possible. And that's pretty much a story about Republican support to you.

[00:38:58.04]
Are you working behind? I think I've read Republicans. Do you run the risk of alienating any.

[00:39:02.06]
Oh, I don't think so. Or, you know, they could, you know, worry about the luxury decision.

[00:39:06.00]
Now, you know, if I have to do what I have to do, I'll tell you what. I want to bring our soldiers back home. If people want to leave them there, I'll take that every day. All I know you were at Dallas. All I know is the place went crazy when I said we're bringing our soldiers back home within this little area, a very unique area.

[00:39:26.08]
They may feel that, but I have to do what I got elected on. And I have to do what I think is right now. If I got elected on something and think I was wrong, I second guess myself a change. But they want our soldiers back home. And I think we can do as well or better, frankly, let them. They've got to they've got to keep going at each other. It's artificial to have these soldiers walking up and down between two big countries.

[00:39:50.09]
And by the way, I've just informed Larry Kudlow is going to say, if you marked if you want, would you like to stay for Larry's remarks? He's a great, great remark maker, Larry.

[00:40:01.06]
After that whole thing, Larry, get up and go get it. We'll let them know how we're doing. We're doing poorly. Let him know. But I don't think that's going to happen.

[00:40:13.07]
We'll make sure.

[00:40:14.04]
Appreciate very much. Here's a point I want to make right at the start. You put out some great numbers. On some of the recent releases, you know, first and foremost, this is a middle class boom. I can't emphasize that enough. This is a middle class boom, even though perhaps some people won't give us credit for it. You've been rebuilding the economy.

[00:40:44.06]
Re incentivizing the economy. Lower taxes, lower regulations. Opening up the energy sector. Tough trade reforms for a level playing fields. So after two and a half years, average real family income. Sixty five thousand back. It's really close to the sixty six thousand six thousand dollar gain, about eight percent better than anything our predecessors have done, be they Democrat or Republican. I'm not being partisan.

[00:41:16.05]
You may be hensleigh. Maybe ever. I'd go I have to go back.

[00:41:20.09]
I don't think it's ever been done, but it's a long ways. You're right.

[00:41:23.05]
Sixty five thousand. Almost sixty six thousand. That is the middle of the middle.

[00:41:30.08]
So I think that's very important than the increase of roughly 8 percent is it's never been done before.

[00:41:37.02]
And actually, if you look at the composition of wage increases are the biggest gains have come in the middle quintile, the fourth and the fifth, the lowest, 10 percent have had the biggest increases, not the highest wages, mind you, but the biggest gains.

[00:41:55.01]
Which is what really matters to individual people. So I think that's absolutely a key point. The policies have spurred a middle class flow.

[00:42:04.02]
Now, three and a half percent unemployment. Lowest in 51 years, 1.4 percent inflation.

[00:42:11.08]
You've had a 50 percent increase on balance for the stock market.

[00:42:16.06]
Household net worth. Household net worth of twelve trillion dollars. So we're about one hundred three trillion.

[00:42:25.06]
A hundred and three trillions of dollars per American household net worth. Disposable income is now growing at 3 percent.

[00:42:35.09]
The reason these key points. Inflation. Stocks. Income. Wages is a model. As a couple, these models, they're very interesting. I'm going to talk about the Moody's model. It's been run by a friend of mine's an old friend of mine. Mark Zandi does not have much sympathetic views towards our administration or me, for that matter.

[00:43:00.05]
But nonetheless, nonetheless, he's a good guy. Personally, I'd take this stuff personally, but their model is now showing because of stocks, inflation. What he calls the pocketbook model, which is the average family income. You talked about before $66000.

[00:43:19.00]
His electoral range is two hundred eighty nine to three hundred and fifty one, two hundred eighty nine to three fifty one. I believe we need 270 to win. And the most important one is the pocketbook.

[00:43:33.02]
The pocketbook model gives you three hundred and fifty one thousand. My former boss, Ronald Reagan used to golf take home pay. We're seeing it once again. We're seeing it once again. This stuff going to happen. Well, their view is an Oxford economics said the same thing. If we continue along this path, those are the times going to win the election in areas that would you say those are the kinds of numbers that suggest a very substantial victory.

[00:44:01.04]
A very substantial victory.

[00:44:03.09]
Let me go on to get out. I'll be brief on the wrap up here. America is working, as you said, six million jobs.

[00:44:11.01]
Five hundred thousand some odd manufacturing job increases since she took office. Let me make this point.

[00:44:17.08]
I've been working hard on this, trying to convince my former colleagues in the media, September payrolls. We're still work September payrolls and footing the revisions up 181. That's OK. Seven point one million job openings, 7.1 million job openings, five point eight million unemployed. We have more job openings than we have unemployed. This is the 18th straight month. That was a very rare economic stat.

[00:44:52.01]
Almost never happened. But let me go under the hood just for a second.

[00:44:58.09]
Besides the payroll numbers, there's another survey from which unemployment comes from, right? That 3.5 percent unemployment rate comes from something called the household survey, which tends to ask individual family members, small businesses, entrepreneurs and startups. OK.

[00:45:21.01]
Household survey in the last four months is exploding and it is averaging close to four hundred thousand per month. Now, the words payrolls came that a 180.

[00:45:35.02]
Household survey is averaging close to four hundred thousand. A lot of business and financial economists believe the household survey is your leading indicator.

[00:45:46.05]
It tells me, sir, we could be in for another take off on the jobs story. Wages, nonsupervisory production, wages up 3.5 percent.

[00:45:57.02]
One more leading indicator. The housing market, which has been soft for over a year, we're now seeing single family starts in sales and pending sales have now shown several months of steady increases. That's good leading indicator that the economy is going to be speeding up, not slowing down.

[00:46:21.00]
All this in the face of couple of years of very tight monetary policy and the fact that the rest of the world is not growing.

[00:46:31.00]
Basically, Europe's been in recession. The rest of the world's been in a virtual recession because of our incentive minded policies, because of our emphasis on trade and energy and deregulation. We are growing twice as fast as the rest of the world. And the numbers are telling me we may be ready for another pickup. We may be poised for another pickup after a quarter or two of softness. So I think we're in pretty good shape, sir. These are facts.

[00:47:02.07]
My colleagues or my former media colleagues may or may not agree, but I'm happy to go through the facts, which is what I'm really interested here. And course, it's not breaking news that I'm a low tax rate supply sider from the Reagan Laffer years.

[00:47:18.02]
But I do want to bring in my friend and colleague, Russ Vought of OMB, because part of this is the regulatory story, the deregulatory regulatory story, which is helping jobs because regulations more than any administration in history.

[00:47:33.02]
And that's a two and a half years.

[00:47:34.04]
So in two and a half years, we've got more regulation than any administration in the history of our country. And they've been for eight years. And in one case, for more than that. So that's been pretty good. Thank you very much, Larry.

[00:47:46.07]
Thanks. And Russ, voters are very.

[00:47:49.01]
You could go about like gangbusters.

[00:47:51.01]
The president as a result of your commitment to the deregulatory initiative, some numbers for the group here, nine to one.

[00:47:59.08]
You said a commitment of 2 4 2 deregulatory initiatives for everyone. We're now at nine at the close of our third year. That is $50 billion in cost savings, up from $33 billion. And that's just for those who are regulatory parties. So you look at the economy wide cost savings is hundred billion dollars of savings for regulations, deregulatory initiatives in the pipeline. And that's just the first round. Right now, we're going through a process to figure out what's next.

[00:48:29.09]
With one be finishing the big deregulatory initiatives this this year that you ran on. We're going to go forward this year with some exciting things to make sure infrastructure permanent happens much quicker basis. The vice president going to be leading a task force with governors to really multiply the efforts that they're doing on state level, things like occupational licensing to make sure that a hairdresser in Montana doesn't have to quit when she moves, doesn't have to go through a thousand hours of training when she moves to Idaho.

[00:49:00.05]
That's the kind of thing that we want to multiply between the states and the federal government to be able to really expand on the work that you've been doing. So we're excited about that. And we can't think of deregulatory issues without thinking about the work that Andrew Wheeler is doing at EPA. So I would love if you want to talk to about your initiative.

[00:49:16.07]
OK. I think maybe start with you and if you could. Thank you, Mr. President.

[00:49:21.01]
I'm here to update you on the implementation of your executive order regarding waters of the U.S. As you know, under the Clean Water Act, EPA regulates the discharge of pollutants of the nation's navigable waters. Also known as one of us were waters in 2015. The Obama administration illegally expanded waters to include things such as dry channels that only flows when it rains, isolated ponds, ditches.

[00:49:44.00]
That's meant that meant that the vast majority of the nation's waters would fall under the federal control. The Iowa Farm Bureau estimated that 97 percent of the states of Iowa have fallen under federal control. North Dakota agriculture commissioner estimate that over 90 percent. North Dakota would have been under federal control. The Obama EPA claimed that the rule was in the interests of water quality, but is really about power.

[00:50:05.02]
Power in the hands of the federal government. The rule upset the federal state partnership. Expanding water would have meant more landowners would have had to obtain costly federal permits for activities on private property. The permit process can cost anywhere from thirty thousand three hundred thousand dollars for a water permit and it takes one to two years or more.

[00:50:25.05]
So the 2015 rule was merely litigation. 31 states opposed it. Mr. President, you knew that the Obama waters power grab is troubled from the get-go. When you took office, you merely asked us to fix the problem. EPA and the Department of Army are implementing your Watrous executive order and astute two step process. Last month, the Army Corps had already James and I signed the final step one rule repealing the 2015 rule.

[00:50:53.00]
So the 2015 rule is no longer on the books. We can revert back to the previous on water definitions prior to 2015.

[00:51:01.07]
We are working on finalizing step two our new proposed waters. definition that we proposed last December. The proposal will clearly define what is a federal wetland as well as what is not, which is just as important. It will limit where federal regulations apply. Our overarching goal is that a property owner should be able to stand on his or her property and be able to tell for themselves whether or not they have a federal waterway without having to hire outside consultants to do that for them.

[00:51:29.01]
We received over 600000 comments on our proposal and we intend to finalize our proposal this winter.

[00:51:36.04]
Thank you very much. And I know you're working on these small refineries getting that's great in a way so that it's going to be terrific for the small refineries. They've been hurt for a long time and we gave them waivers this year. And that will that's helped them a lot. But I want you to work on that, make sure the small refiners, Abby and for the farmers, ethanol now has been fully approved. We spoke with Joni Ernst. We spoke with and very importantly, we spoke with Chuck Grassley and the ethanol, the whole situation with that's what all that has been going on for so long, for so many years.

[00:52:10.06]
We have that now where it's finished, approved, done, and we're getting things ready to sign. Perhaps some of you could just talk about ethanol for our farmers for a couple of minutes.

[00:52:21.04]
First of all, committed to fulfill your promise of making a 15 year round. That's what you really need to build infrastructure. That's a 50 percent increase in domestic usage there, which will have been good for the economy of the air and good for the ag farmers in that way. You've also balanced up the small refinery waivers with the farmers and orifice. And once they fully understand what you've done here, they'll be fine as they see it implemented.

[00:52:51.08]
You know, they seem to vary. And if they if they deserve to be happy, they got through a lot.

[00:52:56.00]
They were targeted by China. As you know, we took some of the money out of the tower of 16 billion and twelve billion for the two last years. And we gave it back to the farmer. They don't even want it. They just want a level playing field. But they were targeted unfairly by China. Now, China's buying tremendous amounts of product, agricultural product. They've started. Maybe Bob LightHouse's, it could give us just a little update.

[00:53:19.08]
I noticed that today China sent out a statement that the deal is coming along very well, that they expect to have a deal. And you want to talk about China for a couple of seconds, you know?

[00:53:30.07]
Yeah, we had we had deputy level meetings this morning.

[00:53:36.03]
Secretary Richard and I are going to be talking to our counterparts on Friday. We think we're making great progress are, as you say, our target is to have phase one deal done by the time you go to Chile. And while there are still some some issues we have to resolve, we're we're working towards that goal.

[00:53:55.00]
Well, one little example is the farmers. So they were told and I was told that we could get 20 million dollars a year and purchase. The biggest they've ever done in 16 is what I've heard and what they've said. If we can get 20 billion a year from China, that China purchases 20 billion of agricultural product, that'll be a great thing. So my people have 20 billion done. And I said, I want more. They said the farmers can't handle it.

[00:54:22.06]
I said, tell them to buy larger tractors. It's very simple. And buy more land and buy larger tractors. But I want more and I said we want 60 billion to 70 billion. And we agreed to 40 to 50 billion. So they wanted 20 billion. I got 40 to 50 billion. They've already started by. And that's just the way it goes. So I want to thank China for that. And they have started the buying. So while we're papering the deal and that's going well, we hope decided probably in when we have a summit in Chile or wherever that may be, but we'll be able to, we think, sign a completed document with China, one phase one that we saw working on phase two.

[00:55:08.01]
And actually things in phase two are easier than phase one. But it's so big, like as an example of the agricultural products, it's so big that we thought doing phases would be good. But actually, the things in the second phase are in many ways a lot easier than the things in the first phase. So we'll see how that goes.

[00:55:27.08]
I'm not sure who do you reformer's been handled. Why wouldn't they?

[00:55:30.06]
I think they could. I want the farmers to come. Tell me, sir, we can't produce that much. The farmers don't know that language. Right. So we took it from 20 to potentially 50 billion dollars. It'll be. But more more agriculture will be bought. Product will be bought at any time in our history by far. That's on top of the Japan deal that we just made, where Japan is buying a tremendous amount of ag and other things from our country and our farmers.

[00:55:57.05]
Our farmers have been great. They never wavered. They said the president's doing the right thing with sticking with the president. I didn't see any. But they looked some of the networks, they looked they looked all over for somebody that does speak negatively about the president and those farmers. So they they stuck. They said nobody is doing the right thing. It may be hurting us, but he's doing the right thing. And I think in many ways, the farmer maybe is going to be the biggest beneficiary of what we're doing.

[00:56:20.05]
Certainly one of them, I think our country is going to be the biggest beneficiary. Secretary, can I ask you to talk a little bit about drug pricing, because we've cut it down a lot. We had the first year ever where prices actually went down and we had Democrat support. We could get a way down. We don't have a lot of Democrats support. If you could talk about this.

[00:56:40.07]
Sure. So we've had the third year in a row under President Trump's leadership of historic levels of approving generic drugs. Those are the affordable alternatives to brand drugs. We're approaching 3000 generic drugs approved under your tenure, not led to just in the first 18 months of your term.

[00:56:57.08]
Twenty six billion dollars of savings for people from those more affordable alternatives. And as a result, we have seen now for the first time in 51 years, the largest decrease in prescription drug pricing under the Labor Department's inflation index, the largest decrease in fifty one years. We're working with Congress, of course, trying to craft a bipartisan package there. I think we're in agreement on about 80 percent of the items were probably the most flexible party in the negotiations between the Democrats and the Republicans and trying to deliver real savings for the American people that we're not stopping.

[00:57:35.07]
We're continuing to work on your scheme to bring drugs in from Canada to import drugs and how we can make sure we're getting the same kind of deals for the American senior that that other developed countries are getting, as you've called, most favored nations. So we're driving ahead.

[00:57:52.02]
So I've read for years that other countries have much lower drug prices than we do. So I said to a couple of our governors, including Roger Santos of Florida, it was very much into go to Canada where the prices a 50 percent buy from Canada. We'll give you the approval. And we're working on those final approvals now. So Canada buys because of arcane rules and because of protecting the middlemen and protecting drug companies. Frankly, other countries have prices that are much, much lower, you know, more than 50 percent in some cases.

[00:58:27.04]
Canada's pricing is much lower. So I told Rhonda Santos, I told other governors, go to Canada, go to other countries, buy the same product, same exact manufacturer. Many times manufactured in the same blend. And a pill will cost you 50 percent or less than it does in the United States. That just shows you how bad people have run our country. And we're going to get tremendous price cuts on drugs and we're in the process. And I'd like you to speed that up.

[00:58:54.08]
Alex, if you could really speed it up because Canada's loving to sell it and buy the exact same product for 50 percent. That means people are going to get a 50 percent reduction in drug prices.

[00:59:09.01]
So and in some cases, substantially more. It's hard to believe how this country was taken advantage of by, frankly, everybody in every different way. OK, so thank you. I'd like to ask Gene Scalia to maybe speak. Gene is a highly respected gentleman and one of the best lawyers and. The country focused on a labor law, and he's now. Department of Labor Secretary. And it's great to have you at our first meeting. And thank you.

[00:59:38.08]
Your first meeting. I'm very proud of you.

[00:59:40.07]
You get through. He got a pass when a massive majority of a few of us. What would you say? What was the number? Fifty three. Forty four.

[00:59:47.06]
That's been said at a massive match, probably the largest number. Thank you, Mr. President, a great honor to join you. The vice president and the cabinet in the important work you're doing for the American people, including on the economic front. You and Larry Kudlow mentioned some of those numbers, which really are virtually unprecedented, as you said, in some cases, unprecedented unemployment numbers since we've been tracking for African-Americans, for Hispanic-Americans, the lowest unemployment rate for women in generations.

[01:00:24.07]
And as Larry said, for those at the lower end of the economic scale, they particularly are enjoying these benefits. Americans who don't have a high school degree have the lowest unemployment rate we've ever seen. And this has been in part because of your efforts to bring about deregulation to free employers to grow off more jobs. I wanted to mention, too, that we're doing it, the Labor Department, and they're both as a result of executive orders that you issued.

[01:00:51.01]
Mr. President, the first has to do with what we call association health plans, and this is for small employers who employ tens of millions of American workers are critical to our economy, but they find it hard to provide reasonably priced health care to their workers. So what we did was we reduced some regulatory hurdles that stood in the way of small employers coming together, forming an association, working with the local Chamber of Commerce, for example, to provide health care through that association.

[01:01:24.06]
That association can give the economies of scale of a larger company. It has leverage of a larger company. It has other ways that it can tailor the benefits available to these employees after small at the small employers. The CBO has estimated that about 4 million Americans will benefit from these programs and that they'll have pre premium reductions of as much as $2000 as a result of these plans. I should say some disgruntled state attorneys general. This has happened before, Mr.

[01:01:57.07]
President. They've sued over one of your regulatory initiatives. But I'm also pleased to say that my favorite attorney general. Yours, my former boss, Bill Barr. His lawyers, the Justice Department, are defending this litigation right now.

[01:02:10.00]
We should win. And we've got a related plan, what we call association retirement plans. And this, again, was as a result of an executive order you issued. Mr. President, same concept. Let smaller employers come together, achieve economies of scale, exercise leverage in negotiating to offer four one K plans. Are there about 40 million Americans who don't have a retirement plan, don't have a four one K plan? This will make it easier for them to get those plans.

[01:02:38.03]
So Mr. Presenters are two examples of steps that are helping the economy. They're de-regulating. But as I've described, they're helping workers get health care, get retirement.

[01:02:48.06]
That's a big thing on the floor when you do. That's very important. Thank you, Kellyanne. You're going to say that by the count.

[01:02:54.09]
Yes. Thank you very much, Mr. President. Because of the focus that you and the first lady and the entire cabinet administration have placed on combating the drug supply, drug demand crisis in our nation. We're happy to be for it. The first decline in 30 years of overdose deaths due to drugs, decline of five point one percent overall falling off of its peak in summer receives up to 24 percent. A 24 percent reduction in overdose deaths in Ohio. Twenty three percent in Pennsylvania.

[01:03:22.07]
You've got about 90 percent in Iowa, 17 percent in Kentucky. Eleven percent in New Hampshire and 9 percent in the hardest hit state of West Virginia. Those are really incredible numbers from.

[01:03:32.08]
So I mean, you're not going to report him. So we're just wasting dad. Well, but it makes those improvements.

[01:03:38.03]
But this battleship is turning in the right direction, albeit slowly. But, Mr. President, the most significant bipartisan accomplishment, in my view of your presidency was H.R. Six. We're on the year anniversary of each by six. Every single Democrat voted for H.R. six, including the ones running for president. It is the largest investment in billions of dollars in prevention, education and treatment and recovery and surveillance and interdiction in our nation's history. And anyone drug prices. Part of the education and equipping America is called take-back Day.

[01:04:06.03]
The Drug Enforcement Agency, the DEA, runs to take back days each year. The next one is this Saturday. Since the Trump administration got into office, we've collected 4.6 million pounds of unused prescription drugs. Let me repeat that stop for just 4.6 million drugs, that would be something 4.6 million pounds. That's the weight of 18 Boeing 757 aircrafts just collected. So it is a drug supply and a drug demand crisis. We have partnered with over 5000 law enforcement agencies and due to private sector partnerships, the CBS Radio, Google, Walgreens, Walmart and the rest, we have 80, 300 total sites nationwide now that Google will map out for us.

[01:04:48.09]
If you just fade into the computer, take back my jobs, return prescription opioids. They will show you locations in your. Area. Tell you how to drive or walk there. It's a safe way of returning your drugs. I think it's more convenient and more compassionate way for people to return unused. I needed expired pills. That happens on Saturday. The cabinet has been so consistently and so deeply involved and I think each and every one of them for this effort.

[01:05:13.01]
Mr. President, as well as the first lady and you also I'm happy to report that CBS has fulfilled its commitment to double the number of takeback sites. And in our effort to make every day take that day, people don't need to wait any longer for every six months, wallgreens, CBS. They've got sort of saved away imes, safe site, safe safe's where you're delaying the distribution of pharmaceuticals to make sure it's going to the person it's intended to do.

[01:05:38.05]
Happily report the NFL two weeks ago, send out a message to all of its NFL clubs, equipping them to show our Trump administration public service announcements on opioid take-back day along with graphics and the NFL Network is involved. And finally, Major League Baseball last week agreed to show Didi's take-back Day a public service announcement this Friday during the World Series. Thank you, Mr. President.

[01:06:01.06]
Thank you very much, Kelly. And take-back Day is a big deal and they've been talking about it for a long time. Nobody's ever done it, but it is big. And Alex wanted to mention just one additional thing.

[01:06:12.00]
You're just on the deregulation agenda. Deregulation is a key part of that great health care that you promised the American people. This vision of a personalized, affordable, patient centric system that puts you the patient in the center and in control, treat you like a human being, not like a number, because if you're focusing on the bureaucracy, that's not focusing on the patient. So we've delivered to twelve point five billion dollars of regulatory savings. That's over half of the entire government.

[01:06:39.02]
Give you an example. We have freed up 40 million hours of doctor and nurse time to NAAFI doing paperwork. 40 million hours have been freed up that they can spend with patients instead. It's just an incredible change where they words keep delivering that level of de-regulation each year.

[01:06:57.08]
Something that some people think could be as big or bigger than health care is transparency. We're doing transparency. And you want to give just a one minute update on that transparency and pricing transparency on the quality of your doctor.

[01:07:11.01]
Yes. So this is something the president's office said that transparency initiatives on transparency could be bigger than any kind of health care, individual health care plan right now. What he means by that is what we have proposed is making out all of the hospitals rates, what they have negotiated with the individual insurer, transparent and available, so that you, the patient, would know before you go to the hospital what some things that have cost you on your actual insurance plan.

[01:07:38.00]
And then we'll do that with insurance regulations so that your insurance company will send you before you go to the doctor's office in advance explanation of benefits that tells you the list price, the negotiated price and what you pay out of pocket.

[01:07:51.03]
We're going to make this information available to you as individuals. This is going to empower you. This will shake up the entire health care system that put the patient at the center. So you have the right to create a real consumer experience.

[01:08:04.06]
And in health care, unlike what we've had for the last 50 years, just to end as far as our trade deals start kicking in, these trade deals are incredible. Whether it's North Korea, South Korea, North Korea is going to be probably something should be happening with North Korea, too. It's a very interesting information on North Korea. A lot of things are going on and it's going to be a major rebuild at a certain point. South Korea is getting much more involved with us than we ever thought in terms of the economy and in terms of the trade.

[01:08:38.00]
You a lot of money is being spent over there and they're going to be doing it through us. They've been doing tremendous purchases. We had a tremendous deficit with them. And we're slowly eating away at these deficits. We had deficits with everybody. But as the trade deals start kicking in with China, especially phase one with the farmers and and with the banks, the banking system, financial services, as they start kicking in, you can see a tremendous difference in the economy.

[01:09:08.03]
The economy is already by far number one. So if I weren't elected by right now, China would be the largest economy in the world. It was expected, it was said by many people that China would right now. They were expecting around the second year of this term. Not only are they the biggest economy in the world, but they are way, way, way, far away. We are much bigger than the China economy and we're getting bigger and they're not.

[01:09:38.09]
Now they have 1.4 billion people. I guess you'd call that an advantage. But we have an economy like no other. I think we have the strongest economy we've ever had. And I think if you add the economy, the military and all the other things that we've done, there's nothing like it. But when trade. Start kicking in. And as I said, the South Korea deal did kick in and things are happening with that that are very positive, but as they kick in, you don't see tremendous numbers, tremendous changes, because the trade deals we had were so pathetic, they were so bad.

[01:10:10.00]
I used to sit back and say, the ladies are at it. Somebody actually negotiate these deals? How do they even negotiate? This was done at a level that it's it's not even understandable why people were allowed to do it, how they were allowed, how they got past. But we're making great deals. And when they kick in the economy, as good as it's been doing, I think, Larry, I can say that as good as it's been doing, it's gonna be even better than that.

[01:10:38.00]
So our country is doing fantastically well, perhaps better than ever before. Thank you all very much. Thank you.

[01:10:45.02]
The year by.