Episode 4130： Runaway Debt Train Heading Towards Trump
Episode Stats
Length
1 hour and 6 minutes
Words per Minute
171.45119
Summary
Stephen K. Bagni explains the structure of the White House, the role of the National Security Council, and the National Economic Council, as well as the process of getting things done in the Executive Office of Management and Budget.
Transcript
00:00:19.000
I know you try to do everything in the world to stop that,
00:00:23.000
And where do people like that go to share the big lie?
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I wish that any of these people had a conscience.
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Ask yourself, what is my task and what is my purpose?
00:00:53.000
It's Monday, 16 December, the year of our Lord, 2024.
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where President Trump's about to make an announcement
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I think rumor has it there's been some tweets out
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that may be up to $100 billion in U.S. companies
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or investment in the United States, particularly in AI.
00:01:23.000
I want foreign capital out of the United States of America, not in.
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I particularly don't want it owning our farmland.
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I'm not really that excited about owning the companies,
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but President Trump has a huge task in front of me.
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And I said that the fate of President Trump's second term
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is going to be decided in New York City, not Washington, D.C.
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are going to vote up or down on President Trump's plan.
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Now, he's put together, I think, one of the smartest teams
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that's ever been put together in the American government
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with Scott Besson over at Treasury, expert in capital markets.
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You've got Hassett, the former head of the CEA,
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which is the economist, the Council of Economic Advisers
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In the White House, you have a number of big groups.
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A number of big groups of people that perform tasks.
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which is, I think, 600 or 700 people working nonstop.
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And Russ Vogt, I think, brings in, I don't know,
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By the way, my producers will give me the heads up
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And let's blow the brakes if we go to Mar-a-Lago.
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Russ Vogt, absolutely central with the Doge guys
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on managing the government, managing the flow of cash
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through the government, and also deconstructing
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And these councils are staffed with both people
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Nobody in the White House has to have Senate confirmation.
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So the big council are the National Security Council,
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the Domestic Policy Council, and the National Economic Council.
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And these really drive up the policy alternatives for the president,
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which he then, with the cabinet heads in coordination
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with the cabinet heads, forces through the system.
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And in that budget, you kind of agree a top line.
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And then you actually do the appropriations process.
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And many of you, a couple of years ago, or I guess it was last summer,
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or maybe the summer beforehand, Saturday we did the appropriations,
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we did the appropriations, you know, meetings and debates all night long,
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all throughout the night, where every penny that's $6.5 trillion
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And it comes up, and this is why these bills are so big.
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National Security Council obviously handles everything with national security,
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coordinates between the CIA, the DNI, Director of National Intelligence,
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You have, and that's Congressman Mike Waltz, a former Green Beret,
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The Domestic Policy Council, in which I think Stephen Miller is both,
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Stephen Miller is the head of all domestic policy,
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and he's head of immigration and works directly with the Board of Law,
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Stephen is also the Deputy Chief of Staff for policy.
00:04:36.000
And then you've got the National Economic Council, which is Hassett,
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who's an economist, very close to President Trump.
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You've got Peter Navarro in the White House, a senior counselor for manufacturing and trade.
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He deals with President Trump on tariffs, on bringing manufacturing jobs back.
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So that's, remember, in a $6.5 trillion budget that we're trying to get down,
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you have in the government about 2.5 million people, roughly, of civilians.
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Then you have contractors, where nobody counts as the contractors.
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You have contractors, I think, approximately, it's tough to tell precisely,
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but about 5 million contractors at the executive level.
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So essentially 10 million people to run a government that has $6.5 trillion of cash coming through it
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and runs everything from the National Weapons Labs to, like, half of the West
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to the Department of Interior to the Defense Department, which takes almost a trillion dollars now,
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That all comes through the federal budget, and it's all kind of managed.
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That entity is what is just too expensive right now.
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When I say too expensive, people say, well, Steve, how can you say that?
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And we say, well, why are you not prepared to pay for it?
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Well, I said, hey, just all cash coming in from tariffs and from fees and from taxes amount to about $4.5 trillion.
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So that gap every year, that $1.5 to $2 trillion gap, has to be financed somehow.
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And we either sell the bonds, either create bonds, government instruments.
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We keep saying 10-year bonds, 30-year bonds, and you sell them to Japanese insurance companies or the Chinese government or the Saudi royal family or the Norway's wealth fund.
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And traditionally, the Japanese, the Chinese, and the Saudis have owned a pretty significant part of this.
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Now, as you know, I'm not a huge believer in foreigners owning parts of the United States.
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But listen, if you're going to finance this, you know there's only so much money.
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Now, if you don't, you kind of have to, how do you do it?
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Well, we can actually print it ourselves and buy it ourselves.
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And you would go, well, isn't that kind of a scam?
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Well, this is what being the prime reserve currency.
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The greatest export of the United States is not our technology.
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The greatest export is not the personal computer or all the great things we did in aerospace or all the advances or the pharmaceuticals you take anywhere in this country that we're the leading industry.
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Because the world, because of global trade, since kind of the beginning of global trade, you know, sometime after Marco Polo, with really the Spanish and the Portuguese and the Italians, you know, Venice, everybody's wanted to convert and had to have kind of a common currency, some sort of currency they convert into.
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And it turns out at that time, the dominant, the hegemon or the dominant trading partner empire at that time, whether it's the Spanish, whether it's the Dutch, whether it's the English, whether it's the United States, kind of takes that role.
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Now, it comes with tons of obligations, and we've never had a national debate about this.
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This is why if you hear this concept of the, which I call kind of a fetish now, the postwar international rules-based order, the postwar international rules-based order.
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In the destruction of World War II, the British had finally run out of steam between World War I, losing all those men in France, and World War II being crushed.
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They saved their liberty, and for a while, they saved their empire, but it wasn't for too long.
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But, and Churchill had stood up to the Germans, but they were a shattered nation, and no longer had kind of the depth, the Bank of England, which is, you know, my dad said when he grew up as a kid, back in the 1920s, you go and see the map in school, and the British Empire was in pink.
00:09:02.840
And it almost looked like a tiny island, and the entire world was controlled by the British, where the Bank of England, and solid as a pound, was really the currency that drove international commerce and drove when they were the world power in the late 19th century and early 20th century.
00:09:18.220
By the end of World War II, they were shattered.
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They were broken on the battlefields of essentially Europe, just like the French before them in World War I had been broken, shattered.
00:09:27.500
This is what happens when you lose millions of men, millions of young men, quite frankly, your best and brightest.
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Where the best and the brightest in Ukraine have been churned up in what we call the churnal house, right, which Professor Mersheimer warned them about.
00:09:45.040
So in that post-war order, since we were kind of the last man standing, we had been the arsenal for democracy, and the bravery and the courage of American troops, whether in the 8th Air Force over Europe, or in Normandy, or in North Africa, or Sicily, or at Guadalcanal,
00:10:02.300
the South Pacific, and the whole fighting up through the Philippines and eventually Saipan to get to Japan, and, you know, the submarines and the destroyers, the Navy, all of it.
00:10:16.080
We had relatively few casualties, and our country really hadn't been hit in any meaningful way outside of Pearl Harbor and one or two other things on the West Coast had not really been in the story.
00:10:27.660
So we were there as kind of the American empire.
00:10:31.240
And to be part of that empire, you had to have – they had a meeting at Bretton Woods, right, and they came up with a way that the American dollar was now going to be the prime reserve currency.
00:10:43.760
You've had this kind of – this metastasizing of the administrative state, the administrative state that was really born somewhat in the Civil War but kind of died of a really born in World War,
00:10:55.540
a little bit with FDR's great – or FDR's New Deal to save capitalism, right, or some form of capitalism to become kind of neoliberalism,
00:11:05.960
but really the expansion of the administrative state during the war to manage a global conflict under General Marshall.
00:11:11.780
So that entity, right, that got us into Korea and got us into Vietnam and got us in Iraq and Afghanistan, all of it, is the price you pay for being the hegemon.
00:11:23.860
Price you pay – now, we weren't the hegemon, obviously, a big part of that.
00:11:27.280
They had the Soviet Union, although we found out when President Reagan came on that the CIA – hello?
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The CIA had radically miscalculated the size of the Soviet economy, had kind of – wait for it, lied to policymakers and lied to the American people about really the threat of the Russians.
00:11:45.400
Not that they didn't have a ton of nuclear weapons, but they didn't really have an economy.
00:11:49.300
Back in the 60s and early 70s, they were sitting there going, oh, command economy is the way of the future.
00:11:54.360
What the United States does is not the way of the future.
00:11:58.620
That economy was about, I don't know, one-sixth of the size that it really was when President Reagan got in there and Bill Casey and actually did an analysis of the size of it.
00:12:10.360
It was essentially an economic war out to destroy the Bolsheviks, the Soviet Union, and destroy it we did in about ten years, eight years to the fall of the Berlin Wall because of President Reagan's focus.
00:12:22.220
But that system is a system now that has a spread over hell's half acre.
00:12:29.040
If you looked the other day, the secretary of the army bragging, thinking it was a good thing, put out a tweet and said we have 113,000 troops deployed in 140 countries.
00:12:42.240
I told Mo that when I did the changeover for the kind of relieve the watch for when President Trump took over, that when you add the Marines, you add the Air Force, you add the Navy, I don't know.
00:12:56.160
You round up, it's about 150,000 troops, sailors, airmen in about 150 countries.
00:13:02.700
You spread out all over hell's half acre, and trust me, folks, that's expensive.
00:13:08.360
From the 25,000 troops we have in Korea to the 30,000 troops we have in Germany, I'm not arguing they've got to come home.
00:13:15.360
I'm arguing that we have to have a national debate, a partner's discussion, and it has to happen now.
00:13:24.300
With full disclosure, this debt and spending is a runaway train.
00:13:30.580
It's a runaway train that's going to run over Elon Musk.
00:13:35.040
It's a runaway train that's going to run over Vivek Ramaswamy.
00:13:39.000
It's a runaway train that could run over Donald John Trump.
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It's a runaway train that's not just going to run over MAGA.
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It's going to run over the American people in this beloved republic.
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This is the existential ticking time bomb that's before us.
00:13:56.140
And here's the thing, in the long con that got us here, and it is a con, the smartest guys in the room, just like in the border, it's not chaos down there.
00:14:07.060
They know exactly what they're doing to get 15 million illegal aliens in here to drive down wages among blacks and Hispanics and to add to consumer spending.
00:14:14.640
The folks on Wall Street, the folks in corporate America, knew exactly what was going on here.
00:14:21.940
Their puppets, the political class, the order takers in Washington, D.C. knew exactly what the orders were, and they executed on it.
00:14:32.400
Because Trump has given the working man and woman a place in the room, and not in the room, not in the deal with this crowd.
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And he not only puts you in the room, he puts you at the head of the table.
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You're the full faith and credit of the United States of America.
00:14:52.200
And now it's going to come a time for testing next in the war room.
00:15:01.040
Now the work can finally start on the big issues facing the country.
00:15:04.520
One of the biggest is the national debt and the deficits that drive it.
00:15:12.120
We're just printing money to keep this house of cards going.
00:15:18.480
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00:15:23.080
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00:15:27.580
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00:16:02.840
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00:16:13.760
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00:16:36.860
But I'm honored to welcome one of the most accomplished business leaders of our time,
00:16:47.500
Masa runs one of the largest companies in Japan.
00:16:49.820
And among the most successful investment and technology companies anywhere in the world,
00:16:55.720
one of the most successful investors in the world.
00:16:58.440
And we've just concluded a very productive meeting.
00:17:01.720
And today, I'm thrilled to announce that SoftBank will be investing $100 billion in America,
00:17:14.240
And he's doing this because he feels very optimistic about our country since the election.
00:17:20.620
And many other people are also coming in with tremendous amounts of money.
00:17:24.040
You probably noticed that a poll was just taken.
00:17:29.940
Business is literally in 39 years, there's been nothing like it.
00:17:35.920
Small business owners gave it a 41 percent jump.
00:17:40.800
It's the biggest jump that we've had in 39 years.
00:17:49.160
This historic investment is a monumental demonstration of confidence in America's future.
00:17:55.780
And it will help ensure that artificial intelligence, emerging technologies,
00:18:00.880
and other industries of tomorrow are built, created, and grown right here in the USA.
00:18:05.600
One of the beautiful things about Masa is he's very much involved with emerging technology.
00:18:11.500
He probably knows it maybe better than almost anybody.
00:18:16.300
And some of you remember after the 2016 election,
00:18:20.240
also SoftBank committed to invest $50 billion in our country.
00:18:25.360
And a very pleased to say that they kept that promise in every way, shape, and form.
00:18:55.340
I would really like to celebrate the great victory of President Trump.
00:19:00.820
And my confidence level to the economy of the United States has tremendously increased with his victory.
00:19:13.700
So because of that, I'm now excited to commit this $100 billion and 100,000 jobs into the United States.
00:19:24.580
This is double of last time, as President Trump said, because I say, oh, President Trump is a double-down president.
00:19:36.580
I'm going to have to double-down, you know, $100 billion and 100,000 jobs.
00:19:42.040
This is, you know, my confidence level because that has doubled down.
00:19:58.760
But one more thing I'm really hoping is that this President Trump would make the world, bring the world into peace again.
00:20:27.880
And we were discussing, and President Trump said,
00:20:39.380
Would you make it $200 billion on Senate Washington?
00:20:44.060
Believe it or not, he can actually afford to do that if he wants to.
00:20:49.780
Well, my promise is 100, but, you know, he's now asking to do more.
00:20:57.080
I think, you know, with your leadership, my partnership with you, with your support,
00:21:17.960
He's a brilliant guy and did an unbelievable job.
00:21:21.220
And the people of Japan and all over the world are very proud of him.
00:21:26.540
So when he does what he just did, and I would be surprised if it didn't go to two.
00:21:50.360
So I'm sure our people in Japan are proud to make the partnership of U.S. and Japan be
00:22:08.340
It's a great gentleman, a great leader, and a great investor.
00:22:21.620
So to have that offer made, and we have so many companies coming in now that will be announcing
00:22:28.760
We don't have to be with them to do it, but they'll be announcing.
00:22:31.500
And as I said, small business optimism took a 41-point jump.
00:22:40.940
And that's the biggest they think in recorded history, but they know at least a minimum of
00:22:47.400
But on behalf of the American people, I want to thank Masa for his faith in what's happening
00:22:53.060
with our country and what's happening with the world.
00:22:56.720
Many people, some reporters in Spakendomb, they said, you know, it actually is true.
00:23:01.080
A couple of them are not necessarily friends of mine, but they said it is actually true that
00:23:09.240
We're trying to help very strongly in getting the hostages back, as you know, with Israel
00:23:18.040
We're trying to get the war stopped, that horrible, horrible war that's going on in
00:23:25.420
We're going to – we've got a little progress.
00:23:31.940
People are being killed at levels that nobody's ever seen.
00:23:36.980
And the only thing that stops a bullet is a body, a human body.
00:23:42.180
And the number of soldiers that are being killed on both sides is astronomical.
00:23:50.440
And it's not even – you know, it's like just going down.
00:24:01.420
It's the – it's the breadbasket for the world, actually.
00:24:07.240
And there's nothing to stop a bullet but a body.
00:24:11.460
And it's – what's happening there is far worse than people are reporting for both sides.
00:24:17.600
So we're going to do our best, and we've been doing our best.
00:24:22.060
But since the election, I've been working every day to put the world at ease a little bit to get rid of the wars.
00:24:31.100
And now it's – the whole world is blowing up.
00:24:35.400
And you saw that by SoftBank starting on day one, we'll implement a rapid series of bold reforms to restore our nation to full prosperity.
00:24:45.800
We're going to go full prosperity and to build the greatest economy the world has ever seen, just as we had just a short time ago.
00:24:55.920
We had the greatest economy that the world had seen.
00:25:00.700
Our country was doubling up on China, doubling up on everybody, and everybody knows it.
00:25:07.480
And then we had to slow it down with COVID, unfortunately, at the end.
00:25:11.000
But even then, I gave it back with a substantial increase of the stock market, bigger than it was pre-COVID.
00:25:19.640
Already, preparations are underway to slash massive numbers of job-killing regulations, eliminating 10 old regulations for every new one.
00:25:28.820
When you put a new regulation on, you have to get rid of 10, and we'll be able to do it.
00:25:35.000
We cut more regulations than any president has ever cut, by far, actually, by approximately five times.
00:25:44.120
Some of those regulations, unfortunately, were put back on.
00:25:51.100
One of the things I'd like to ask the Biden administration, as you probably heard, there are two events that took place.
00:25:58.820
We're talking about a friendly takeover, a friendly transition, as they like to say.
00:26:08.100
But there are two events that took place that I think are very terrible.
00:26:12.040
One is that if people don't come back to work, come back into the office, they're going to be dismissed.
00:26:16.100
And somebody in the Biden administration gave a five-year waiver of that so that for five years, people don't have to come back into the office.
00:26:35.480
And we're going to obviously be in court to stop.
00:26:40.880
We spent a tremendous amount of money on building the wall.
00:26:43.780
The wall was designed specifically by the Border Patrol because it's very hard to climb.
00:26:51.440
They need it to be steel because you can't cut.
00:26:56.580
It's a special type of steel, but very, very hard to cut.
00:27:00.940
Inside the steel, as you know, we pour concrete.
00:27:03.800
And that's a grade 10 concrete, which is a very strong concrete, very – as though you were building about a 60-story building.
00:27:13.960
They've made tremendous technology advances in the word concrete.
00:27:20.100
But I know that from the construction industry.
00:27:22.440
Today, what you can do with concrete is incredible.
00:27:34.060
So it's a very expensive process, very expensive wall.
00:27:37.960
And then we put an anti-climb plate on the top.
00:27:43.500
But then when I watched, we had people testing.
00:27:48.020
And they were not able to get over the anti-climb plate.
00:27:50.860
So I said, all right, I guess we're going to put it on.
00:27:53.380
That plate on top, which I never loved the look of it.
00:28:11.560
In addition to the fact that Mexico helped us with their military, they kept people out.
00:28:16.740
And they were actually very good under the past leader.
00:28:20.600
But now we had we ordered an additional 200 miles of wall.
00:28:27.940
And now it's about double the price of what it would have been six years ago.
00:28:32.520
And the administration is trying to sell it for five cents on the dollar,
00:28:48.020
And if we don't have it, we're going to have to rebuild it.
00:28:54.460
And that's hundreds of millions of dollars, because you're talking about a lot of a lot of wall.
00:29:00.620
I built much more than I said I was going to build.
00:29:02.980
But then after it was built, I said, you know, we can do some more because it's sort of like water.
00:29:09.080
People flow through and that will pretty much really take care of it.
00:29:12.980
And what happened is they just, as you see, they're trying to sell it for five cents of the dollar.
00:29:18.740
And that's really that has nothing to do with a smooth trend transition.
00:29:24.260
That has to do with people really trying to stop our nation.
00:29:28.440
And all it means really is that we're going to spend hundreds of millions of dollars more, not even talking about the time.
00:29:39.440
But we'll spend hundreds of millions of dollars more on building the same wall that we already have.
00:29:45.800
And people have already come back to us that have deals at five cents and four cents and one guy at three cents on the dollar.
00:29:55.720
And they offered to sell it back to us at more money than it costs us to build substantially.
00:30:03.440
So they make a deal with the United States to buy it for pennies.
00:30:06.340
And then they call us and they say, do you want to buy it back?
00:30:10.380
We'll sell it back to you for hundreds of dollars a foot, hundreds of dollars from pennies to hundreds of dollars a foot.
00:30:24.400
Most Americans know something is very, very wrong.
00:30:28.060
The people in charge keep telling you that everything's fine and to stop noticing.
00:30:34.280
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Time is running out to prepare for what's coming.
00:31:41.620
We're going to be, you know, having a restraining order.
00:31:46.480
And this is just people that don't want this country to succeed.
00:31:49.700
And this has nothing to do with Democrat or Republican.
00:31:57.560
And this is maybe one of the most egregious examples I've seen.
00:32:01.700
So the people that are buying it or trying to buy it are trying to make a deal with us to sell it back at hundreds of times more.
00:32:16.360
So I'm asking today Joe Biden to please stop selling the wall.
00:32:20.740
We're going to use that to create a strong barrier.
00:32:33.100
And I'm asking Joe Biden to stop his people from giving it away.
00:32:38.080
It's something that people can't even believe is happening.
00:32:48.820
And this will be done at levels not seen before.
00:32:51.460
Issuing quick approvals for pipelines drilling and other infrastructure.
00:33:03.420
Clean coal is something that has really taken over.
00:33:08.460
We have coal that will last for over a thousand years.
00:33:20.760
And we're going to be doing a lot of clean coal for the people of West Virginia and others.
00:33:31.660
But we're going to be very much into clean coal.
00:33:37.480
And I'll keep my promise to pass historic tax cuts for American families, workers, and businesses that create jobs in America.
00:33:45.960
America, as you know, we're giving tax cuts if they do it here.
00:33:49.640
We brought it down from 44 percent, 42 percent.
00:34:01.480
But only if they make their product, their car, or whatever they're doing in the United States, in the U.S.
00:34:08.420
I've had the smartest people on Wall Street call me.
00:34:27.520
And that will put us really at the best level we've ever had for bringing in business.
00:34:42.460
Between that and our taxing and tariff policies, we're going to have business like nobody's ever seen in this country before.
00:34:49.120
That's why we're having a 41-year record in optimism from small businesses and big businesses.
00:34:55.920
And I'll keep my promise to pass historic tax cuts for families, workers, and businesses that create jobs in America.
00:35:02.720
Any business that invests $1 billion or more in the United States will be eligible for fully expedited permits and approvals, including environmental approvals from the federal government.
00:35:14.520
So when companies come in, if they're going to invest $1 billion or more, there'll be many of them.
00:35:19.540
And they'll go into Detroit, and they'll go into a lot of places where we want them.
00:35:29.680
And also the non-union were record 98 percent, 97 percent.
00:35:36.220
Nobody's ever got numbers like that because we're bringing business back.
00:35:41.260
We lost them over years of stupidity, I call it.
00:35:45.120
I call it the years of stupidity, the decades of stupidity.
00:35:48.780
Through the Department of Government Deficiency, Elon Musk has been working very hard with various people, including Vivek.
00:35:55.960
Vivek will go to eliminate hundreds of billions of dollars of waste and fraud.
00:36:02.080
And I can only tell you, I'll give you a little early report, they're finding things that you wouldn't even believe.
00:36:12.360
Actually, it'll make life better, but it'll have no impact on people.
00:36:15.400
It's not like we will never cut Social Security, things like that.
00:36:21.480
And we'll immediately restore the sovereign borders of the United States and stop illegal immigration, which is costing us, I believe, trillions of dollars a year.
00:36:31.660
I think it's a cost that nobody's ever seen anything like it.
00:36:36.220
How can you be satisfied releasing prisoners into the United States?
00:36:41.720
So think of this, you're releasing prisoners from jails all over the world, not just in South America.
00:36:47.720
From the Congo, I would talk about it all the time.
00:36:52.840
But from all over the world, they're sending prisoners out of their jails.
00:36:58.620
And they will be empty soon if this ever continued.
00:37:00.960
I spoke with the president of Mexico, and as you know, I spoke with Justin Trudeau of Canada.
00:37:12.340
You can't let these people come into our country.
00:37:14.520
And they understand they're very much on notice, and they're going to have to stop this from happening.
00:37:24.040
We lose a lot of money to Canada, tremendous amount.
00:37:30.960
And I get along with the people of Mexico and Canada very well.
00:37:35.700
Why are we supporting and giving other countries hundreds of billions of dollars?
00:37:45.940
And the people of Mexico and Canada fully understand that.
00:37:49.160
We've talked about it before, but now we're doing something about it.
00:37:52.160
We started, and then we had to fix the COVID situation.
00:38:04.920
He's done a fantastic job, and he's really helped us a lot with transition.
00:38:10.500
And so all of these policies will help us rapidly defeat inflation, create millions of new jobs,
00:38:17.460
and put money in the pockets of the hardworking families of our country, pay off debt.
00:38:23.360
We're going to be paying off a tremendous amount of debt.
00:38:29.560
And we're going to be using a lot of the money that we make.
00:38:33.960
We're going to be opening up a lot of businesses that are going to be pouring in because of our tax policy.
00:38:39.120
And we're going to use the money that we made to pay off debt and to reduce taxes.
00:38:45.540
If you remember when we reduced them last time, that brought a tremendous amount.
00:38:50.200
We brought it down to 21%, and that was the biggest tax cut in the history of our country.
00:38:56.000
And nobody ever thought this would happen, but this is what's supposed to happen.
00:39:00.480
We actually ended up taking in more revenue at 21 than we did at 40%, which was pretty amazing.
00:39:06.760
But this will be the most exciting and successful period of reform and renewal in all of American history, maybe of global history.
00:39:19.120
So it's the golden age of America, and that's what it's going to be.
00:39:22.620
And we hope we don't have any intervening problems because things happen like out of nowhere came the China virus.
00:39:30.240
Out of nowhere came other things we don't want to have.
00:39:39.800
We did things that nobody thought were even possible.
00:39:52.960
When they saw what happened in Afghanistan, I think they gave them an idea.
00:40:03.860
You know, it's nice to say they want their land back.
00:40:10.940
They've left Kiev because probably maybe they want to use it or occupy it.
00:40:17.420
They've done a lot of damage, but relatively compared to the other cities, very little.
00:40:25.540
Those beautiful towers, those beautiful buildings that they had are now laying on their sides,
00:40:35.880
The turrets and all of the magnificent thousand-year-old, two-thousand-year-old structures that were very strong are in, are blown to smithereens.
00:40:47.580
You look at some of those cities and not one building standing.
00:40:50.540
So, you know, when you say, take over the country, take over what?
00:40:58.500
Take a hundred years to rebuild it and you can never have it the way it was.
00:41:04.740
If I were president, that war would have never happened.
00:41:07.640
Nor would Israel have happened with the attack on Israel.
00:41:10.360
So we're inheriting big challenges at home and all over the world.
00:41:26.840
And then we had inflation, the likes of which I say I don't believe the country's ever seen inflation like that.
00:41:45.240
We don't have to buy energy from Venezuela when we have 50 times more than they do.
00:41:52.300
So we will not rest until America is richer, safer, and stronger than it has ever been before.
00:42:06.020
But by the time we got it up and going, it was incredible.
00:42:09.400
Again, we built the greatest economy in history for that period of time.
00:42:13.040
And we'll do it again, I believe, substantially more so.
00:42:16.940
Because we understand, number one, the people of Washington.
00:42:30.460
We had a lot of great people, but we had some people that I wouldn't have used in retrospect.
00:42:35.900
And now I know them better than anybody, better than they know themselves.
00:42:41.700
So once again, I'd like to thank Masa for what he's done with that investment, which will end up being $200 billion, I believe.
00:42:53.760
When you have that kind of brainpower wanting to invest in this country, and that's money that he can't invest elsewhere.
00:43:00.120
So that's a big investment, but it makes me feel very good.
00:43:02.920
It makes me feel that we're absolutely on the right track.
00:43:15.080
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00:44:38.000
Can you tell us what you said to Prime Minister Netanyahu in your call on Saturday?
00:44:41.920
And have you spoken to President Putin since your election?
00:44:44.480
Well, I'm not going to comment on the Putin question, but I will comment on Bibi.
00:44:52.600
We discussed what is going to happen, and I'll be very available on January 20th, and we'll see.
00:45:03.520
As you know, I gave warning that if these hostages aren't back home by that date, all hell's going to break out, and very strong.
00:45:11.420
But we generally just discussed – I asked him, where are things?
00:45:17.540
Mike Waltz is – they're doing a great job, by the way.
00:45:26.280
But it was a recap call more than anything else.
00:45:28.920
Do you plan to stop the ban on TikTok next month?
00:45:33.460
How do you plan to stop the ban on TikTok next month?
00:45:37.680
You know, I have a warm spot in my heart for TikTok because I won youth by 34 points.
00:45:44.560
And there are those that say that TikTok has something to do with that.
00:45:49.180
Now, Joe Rogan did, and some of the other people that were recommended by my son Barron, he knew names.
00:46:02.400
And I did those interviews, and it was actually sort of cute.
00:46:14.920
Republicans are always 30 points down in youth.
00:46:19.940
We were – there was one poll that showed us down about 30.
00:46:26.880
So I have a little bit of a warm spot in my heart, I'll be honest.
00:46:31.840
Are you entertaining the idea of preemptive strikes against Iran's nuclear facilities?
00:46:43.420
But how could I – am I going to do preemptive strikes?
00:46:50.920
You'd say – that was strange that he answered that question.
00:47:01.200
Would you be in support of Israeli strikes on Iran's nuclear facilities?
00:47:10.600
It's just so – you don't talk about that before something may or may not happen.
00:47:15.800
You know, just – I don't want to – I don't want to insult you.
00:47:18.480
I just think it's just not something that I would ever answer having to do with there
00:47:25.440
Mr. Tiger, can I ask just clearly, do you believe there's a connection between vaccines and autism?
00:47:35.280
Well, I don't – look, right now, you have some very brilliant people looking at it.
00:47:40.400
I had dinner the other night with the head of Pfizer, the head of Eli Lilly, and RFK, as you know, and Oz.
00:47:47.760
And we had – and other people within the administration that are involved, the medical.
00:47:56.980
You know, if you look at autism – so 30 years ago, we had – I've heard numbers of like one in 200,000, one in 100,000.
00:48:25.900
What do you say to people who are worried that his views on vaccines will translate into policies that will make their kids less safe?
00:48:31.820
No, I think he's going to be much less radical than you would think.
00:48:41.140
I mean, we don't do as well as a lot of other nations, and those nations use nothing.
00:48:46.260
And we're going to find out what those problems are.
00:48:49.440
And another thing that came up – the dinner was fascinating because I had Bobby and I had, again, the head of Pfizer.
00:48:57.100
He's a highly respected man who has run an incredible company, likewise with Lilly, the top two people.
00:49:09.920
And I said, let's have it out now a little bit.
00:49:13.020
And, you know, what came out of that meeting is that we're paying far too much because we're paying much more than other countries.
00:49:18.720
And we have laws that make it impossible to reduce.
00:49:25.820
The horrible middleman that makes more money, frankly, than the drug companies.
00:49:29.840
And they don't do anything except they're a middleman.
00:49:33.460
I'm going to be very unpopular after that statement.
00:49:35.640
I don't know who these middlemen are, but they are rich as hell.
00:49:44.580
We're going to get drug costs down at levels that nobody has ever seen before.
00:49:49.720
And that really – I tell you, we spent more time talking about that with Bobby and with the executives and Oz, all of them.
00:49:57.280
We spent more time talking about that than anything else.
00:50:00.160
Well, I'm a big believer in it, and I think everything should be looked at.
00:50:10.200
But I'm a big believer in the polio vaccine, the Salk vaccine.
00:50:23.660
Mostly Democrat governors did the mandates, and they did a very poor thing.
00:50:28.720
You know, in retrospect, they made a big mistake having to do with the education of children.
00:50:33.740
You know, they lost like a year or two years of their lives.
00:50:41.020
Do you expect Ron DeSantis to appoint Laura Trump to Senator Marco Rubio's seat?
00:51:01.040
The job she did at the RNC as chairman, along with Michael Watley, the combination.
00:51:13.640
I mean, even her workout routines are through the roof.
00:51:20.980
She's a bad example for men and women's sports because I wouldn't be able to beat her.
00:51:37.960
When I put her there, people said, how did you get her to do it?
00:51:42.040
You know, she could have run for the Senate in North Carolina.
00:51:49.660
And she just said, no, I want to really focus on my children.
00:51:53.560
When the election and my family, she has a great family.
00:51:57.400
When the election started getting closer, I asked her, would she go to Washington and
00:52:03.060
work on the, you know, as chairman of the committee, along with Michael Watley.
00:52:06.280
And they did such an unbelievable job, especially on cheating.
00:52:22.820
Now, Ron is going to have to make, because Marco has been really a star already.
00:52:29.660
But, you know, we see signs of, from some people very early.
00:52:53.060
I also know that Laura's got so many other things.
00:53:00.280
You know, her predominant thought is our country and her family.
00:53:08.380
But she's got so many other things that she's talking about.
00:53:13.640
The president, should senators who oppose your nominees, your cabinet nominees, should they be primary?
00:53:21.060
If they are unreasonable, I'll give you a different answer, an answer that you'll be shocked to hear.
00:53:27.280
If they're unreasonable, if they're opposing somebody for political reasons or stupid reasons, I would say has nothing to do with me.
00:53:36.220
I would say they probably would be primary, but if they're reasonable, fair, and really disagree with something or somebody, I can see that happening.
00:53:45.440
But I do believe that if they're unreasonable, I think we have great people.
00:54:01.680
I think Pete Hegseth is making tremendous strides over the last week.
00:54:10.600
But he really was from the first day I met him, all he wanted to talk about was military.
00:54:19.840
And, you know, Pete Hegseth gave up a lot because he was going big places in Fox, big, big places, a lot of money.
00:54:28.220
And he didn't even hesitate when I said, do you want to do this?
00:54:33.240
I said, you know, if it doesn't work out, you'll never have the opportunity that you have right now in terms of the world of entertainment or business, whatever you want to call it.
00:54:45.440
In fact, it could be just the opposite because it's nasty out there.
00:55:03.300
He'd come to see me about a soldier that was unfairly treated.
00:55:10.100
That's the only thing I virtually ever talked to him about.
00:55:15.880
And I don't think I've ever had a subject on anything other than military with him.
00:55:21.720
And he didn't say, well, I'd like to think about it.
00:55:28.180
And, you know, he was going through the roof over there.
00:55:30.780
They have the number one show that Saturday and Sunday with Will and Rachel.
00:55:39.140
And if this didn't work out for him, it would be actually sort of tragic.
00:55:55.640
But it seems, you know, like being upgraded in an airplane many years ago.
00:56:00.140
I know probably everybody here has been upgraded.
00:56:04.580
And they say, I want to upgrade that person from NBC.
00:56:10.420
And that would mean you'll spend the rest of your life in prison.
00:56:14.940
I mean, I'd have to see it because I don't know the facts.
00:56:17.000
I think he was treated, you know, it's very interesting when he essentially went against
00:56:22.960
what was happening with the migrants coming in.
00:56:26.280
And, you know, he made some pretty strong statements like, this is not sustainable.
00:56:33.980
And I said it, not as a prediction, a little bit lightheartedly, but I said it.
00:56:47.000
Mr. President, what will you do with the 900 troops in Syria?
00:56:50.980
Are you planning on pulling them when you get into office or will you make...
00:56:55.620
Well, you know, we have 5,000 troops along the border.
00:56:58.920
And I asked a couple of generals, so we have an army of 250,000 in Syria and you had an army
00:57:09.700
And Erdogan is somebody I got along with great.
00:57:18.320
It hasn't been worn out with all of the other...
00:57:20.840
I mean, he's built a very strong, powerful army.
00:57:23.800
And so we have 5,000 soldiers in between a 5 million-person army and a 250,000-person army.
00:57:31.860
And I asked the general, what do you think of that situation?
00:57:54.760
Now, one of the sides has been essentially wiped out.
00:58:10.700
And those people that went in are controlled by Turkey.
00:58:19.880
But no, I don't think that I want to have our soldiers killed.
00:58:24.040
But I don't think that will happen now anyway because the one side's been decimated.
00:58:28.660
Are you concerned about more unrest in that region?
00:58:35.780
Well, nobody knows what the final outcome is going to be in the region.
00:58:47.500
But Turkey did an unfriendly takeover without a lot of lives being lost.
00:58:56.280
What he did to children, you remember, I attacked him with the 58 missiles, unbelievable missiles
00:59:16.520
He said, if anybody goes across the red line, and Assad killed many more children after that.
00:59:25.260
In fact, President Xi was sitting here the night he was in that dining room having chocolate cake.
00:59:33.500
And that's when I explained what we were doing as the missiles were shot.
00:59:38.660
And it was amazing as to precision because every one of those missiles hit its target from a long distance away.
00:59:49.060
Had President Obama drawn the line where it meant something, you wouldn't have even had Russia there.
00:59:57.360
But in the end, I never understood why Russia went there.
01:00:01.480
But now their time has taken up with Ukraine, and we'd like to get them to stop on Ukraine, and Ukraine stop also.
01:00:09.940
As you know, when I went to the cathedral, which was fantastic, the job that they've done in France,
01:00:15.760
and the job that Macron, you know, Emmanuel did, he did a phenomenal job on the rebuilding of that cathedral.
01:00:28.400
They treated me, meaning I'm the country, I'm the representative of our country.
01:00:36.000
And one of the people that came to pay his respects is, as you know, Ukraine, Zelensky.
01:00:50.840
It's the worst carnage that this world has seen since World War II.
01:00:56.360
I've had pictures of fields where bodies are lying on top of bodies.
01:01:02.020
Looks like the old pictures of the Civil War, where just bodies are all over.
01:01:06.920
Just if you saw those pictures, you'd feel more strongly about it.
01:01:20.160
We'll be talking to President Putin, and we'll be talking to the representatives, Zelensky, and representatives from Ukraine.
01:01:35.280
Can you comment on the drones that are flying around New Jersey and the ports?
01:01:39.320
It seems like the American people have a big disc.
01:01:45.340
Look, our military knows where they took off from.
01:01:50.260
If it's a garage, they can go right into that garage.
01:01:53.140
They know where it came from and where it went.
01:01:56.840
And for some reason, they don't want to comment.
01:01:59.560
And I think they'd be better off saying what it is.
01:02:05.300
And for some reason, they want to keep people in suspense.
01:02:08.300
I can't imagine it's the enemy, because if it was the enemy, they'd blast it out.
01:02:17.420
For some reason, they don't want to tell the people.
01:02:19.340
And they should, because the people are really—I mean, they happen to be over Bedminster.
01:02:28.480
I think maybe I won't spend the weekend in Bedminster.
01:02:33.880
Have you received an intelligence briefing on the drones?
01:02:41.980
First, on vaccines, do you want RFK Jr. to revoke any vaccines?
01:02:46.780
No, I want him to come back with a report as to what he thinks.
01:02:54.120
We're going to have tremendous cost savings that will come out of this.
01:02:57.760
And we're also going to have, and I think, very serious discussions about certain things,
01:03:03.240
You know, Europe doesn't use pesticides, and yet they have a better mortality rate than we do.
01:03:12.180
In fact, they use it as an excuse not to take our farm product.
01:03:16.320
We spend billions and billions of dollars on pesticides.
01:03:22.700
Again, you take a look at autism today versus 20, 25 years ago.
01:03:33.100
I think you're going to find that Bobby is much—he's a very rational guy.
01:03:39.020
No, nothing—you're not going to lose the polio vaccine.
01:03:46.020
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