Bannon's War Room - Episode 4130： Runaway Debt Train Heading Towards Trump

00:00:01.000 This is the primal scream of a dying regime.

00:00:06.000 Pray for our enemies,

00:00:08.000 because we're going medieval on these people.

00:00:11.000 Here's the reason I got a free shot

00:00:13.000 at all these networks lying about the people.

00:00:16.000 The people have had a belly full of it.

00:00:18.000 I know you don't like hearing that.

00:00:19.000 I know you try to do everything in the world to stop that,

00:00:21.000 but you're not going to stop it.

00:00:22.000 It's going to happen.

00:00:23.000 And where do people like that go to share the big lie?

00:00:26.000 Mega Media.

00:00:28.000 I wish in my soul,

00:00:30.000 I wish that any of these people had a conscience.

00:00:33.000 Ask yourself, what is my task and what is my purpose?

00:00:37.000 If that answer is to save my country,

00:00:40.000 this country will be saved.

00:00:43.000 War Room.

00:00:44.000 Here's your host, Stephen K. Banff.

00:00:53.000 It's Monday, 16 December, the year of our Lord, 2024.

00:00:57.000 We're going to go momentarily to Mar-a-Lago,

00:01:00.000 where President Trump's about to make an announcement

00:01:02.000 about some investments in the United States.

00:01:05.000 I think it's Matsusan.

00:01:07.000 They had a soft bank.

00:01:09.000 I think rumor has it there's been some tweets out

00:01:11.000 that may be up to $100 billion in U.S. companies

00:01:16.000 or investment in the United States, particularly in AI.

00:01:19.000 I respectfully, I'm not a fan of any of this.

00:01:23.000 I want foreign capital out of the United States of America, not in. 0.97

00:01:27.000 I particularly don't want it owning our farmland.

00:01:29.000 I'm not really that excited about owning the companies,

00:01:31.000 but President Trump has a huge task in front of me.

00:01:34.000 President Trump's got pretty broad shoulders,

00:01:36.000 but this is going to be a tough one.

00:01:38.000 And I said that the fate of President Trump's second term

00:01:42.000 is going to be decided in New York City, not Washington, D.C.

00:01:45.000 It's going to be decided in New York City.

00:01:46.000 New York City, the global capital markets,

00:01:48.000 are going to vote up or down on President Trump's plan.

00:01:51.000 Now, he's put together, I think, one of the smartest teams

00:01:55.000 that's ever been put together in the American government

00:01:58.000 with Scott Besson over at Treasury, expert in capital markets.

00:02:01.000 You've got Hassett, the former head of the CEA,

00:02:06.000 which is the economist, the Council of Economic Advisers

00:02:10.000 in President Trump's first term.

00:02:12.000 He now runs NEC.

00:02:14.000 And let me just explain the structure of that

00:02:15.000 so everybody understands it.

00:02:16.000 In the White House, you have a number of big groups.

00:02:20.000 A number of big groups of people that perform tasks.

00:02:25.000 You have Office of Management and Budget,

00:02:27.000 which is, I think, 600 or 700 people working nonstop.

00:02:31.000 And Russ Vogt, I think, brings in, I don't know,

00:02:34.000 like 100 of those.

00:02:35.000 You've got a bunch of professionals

00:02:36.000 that brings in 100 of those.

00:02:37.000 By the way, my producers will give me the heads up

00:02:39.000 when we go to Mar-a-Lago live.

00:02:41.000 And let's blow the brakes if we go to Mar-a-Lago.

00:02:44.000 OMB, Office of Management and Budget.

00:02:46.000 Russ Vogt, absolutely central with the Doge guys

00:02:48.000 on managing the government, managing the flow of cash

00:02:51.000 through the government, and also deconstructing

00:02:53.000 the administrative state.

00:02:55.000 Then you have three big councils.

00:02:57.000 And these councils are staffed with both people

00:02:59.000 President Trump puts in there.

00:03:01.000 They don't have to get Senate confirmed.

00:03:03.000 Nobody in the White House has to have Senate confirmation.

00:03:05.000 So the big council are the National Security Council,

00:03:09.000 the Domestic Policy Council, and the National Economic Council.

00:03:12.000 So you have three big groups.

00:03:15.000 And these really drive up the policy alternatives for the president,

00:03:20.000 which he then, with the cabinet heads in coordination

00:03:23.000 with the cabinet heads, forces through the system.

00:03:26.000 And, of course, you do an annual budget.

00:03:28.000 And in that budget, you kind of agree a top line.

00:03:30.000 And then you actually do the appropriations process.

00:03:32.000 And many of you, a couple of years ago, or I guess it was last summer,

00:03:37.000 or maybe the summer beforehand, Saturday we did the appropriations,

00:03:40.000 we did the appropriations, you know, meetings and debates all night long,

00:03:44.000 all throughout the night, where every penny that's $6.5 trillion

00:03:49.000 gets appropriated, gets debated.

00:03:52.000 And it comes up, and this is why these bills are so big.

00:03:55.000 National Security Council obviously handles everything with national security,

00:03:59.000 coordinates between the CIA, the DNI, Director of National Intelligence,

00:04:04.000 and the Pentagon, and some of the FBI also,

00:04:08.000 and Justice Department, State Department.

00:04:10.000 So the National Security Council is that.

00:04:12.000 You have, and that's Congressman Mike Waltz, a former Green Beret,

00:04:17.000 is running that.

00:04:18.000 You have Domestic Policy Council.

00:04:20.000 The Domestic Policy Council, in which I think Stephen Miller is both,

00:04:25.000 Stephen Miller is the head of all domestic policy,

00:04:27.000 and he's head of immigration and works directly with the Board of Law,

00:04:30.000 sorry, Tom Homan.

00:04:32.000 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,

00:04:40.000 who's an economist, very close to President Trump.

00:04:43.000 You have all the advisors in trade.

00:04:45.000 You've got Peter Navarro in the White House, a senior counselor for manufacturing and trade.

00:04:50.000 He deals with President Trump on tariffs, on bringing manufacturing jobs back.

00:04:54.000 So that's, remember, in a $6.5 trillion budget that we're trying to get down,

00:05:00.000 you have in the government about 2.5 million people, roughly, of civilians.

00:05:05.000 You have about 2.5, 3 million militaries.

00:05:08.000 That comes to roughly 5 million.

00:05:10.000 Then you have contractors, where nobody counts as the contractors.

00:05:13.000 You have contractors, I think, approximately, it's tough to tell precisely,

00:05:17.000 but about 5 million contractors at the executive level.

00:05:21.000 So essentially 10 million people to run a government that has $6.5 trillion of cash coming through it

00:05:30.000 and runs everything from the National Weapons Labs to, like, half of the West

00:05:35.000 to the Department of Interior to the Defense Department, which takes almost a trillion dollars now,

00:05:39.000 which you go to any military base.

00:05:41.000 You see the aircraft carriers.

00:05:42.000 You go to Norfolk.

00:05:43.000 You go to San Diego.

00:05:44.000 You go to the Air Force bases.

00:05:45.000 You go to the Army bases.

00:05:46.000 That all comes through the federal budget, and it's all kind of managed.

00:05:51.000 That entity is what is just too expensive right now.

00:05:57.000 When I say too expensive, people say, well, Steve, how can you say that?

00:06:00.000 How can you say it's too expensive?

00:06:02.000 How do you know it's just not perfect?

00:06:03.000 Well, we're not prepared to pay for it.

00:06:06.000 And we say, well, why are you not prepared to pay for it?

00:06:09.000 Well, I said, hey, just all cash coming in from tariffs and from fees and from taxes amount to about $4.5 trillion.

00:06:21.000 We spend $6 to $6.5.

00:06:23.000 So that gap every year, that $1.5 to $2 trillion gap, has to be financed somehow.

00:06:29.000 And how does it do it?

00:06:30.000 This goes to be part of the national debt.

00:06:32.000 And we either sell the bonds, either create bonds, government instruments.

00:06:36.000 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.

00:06:49.000 Anybody can buy these.

00:06:50.000 And it's a big market.

00:06:51.000 And traditionally, the Japanese, the Chinese, and the Saudis have owned a pretty significant part of this.

00:06:59.000 Now, as you know, I'm not a huge believer in foreigners owning parts of the United States. 1.00

00:07:04.000 But listen, if you're going to finance this, you know there's only so much money.

00:07:07.000 And so you go out to these markets.

00:07:09.000 Now, if you don't, you kind of have to, how do you do it?

00:07:13.000 Well, we can actually print it ourselves and buy it ourselves.

00:07:16.000 And you would go, well, isn't that kind of a scam?

00:07:19.000 Well, this is what being the prime reserve currency.

00:07:22.000 The greatest export of the United States is not our technology.

00:07:25.000 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.

00:07:36.000 That's not our top export.

00:07:39.000 What's the top export?

00:07:41.000 The United States dollar.

00:07:43.000 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.

00:08:02.000 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.

00:08:15.000 Now, it comes with tons of obligations, and we've never had a national debate about this.

00:08:19.000 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.

00:08:30.000 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.

00:08:41.000 They saved their liberty, and for a while, they saved their empire, but it wasn't for too long.

00:08:48.000 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.

00:09:19.960 They were broken.

00:09:21.260 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.

00:09:32.840 Are churned up in war.

00:09:34.300 What's happening in Ukraine right now?

00:09:36.460 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. 0.98

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.

00:10:30.480 That's where it began.

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.

00:10:41.840 So since that time, you've had two things.

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. 0.96

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?

00:11:33.520 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.

00:11:57.100 It turns out that was a bald-faced lie.

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.

00:12:08.080 This led to the takedown of the evil empire.

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. 0.57

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.

00:12:40.320 They're like, this is a good thing.

00:12:41.380 This is how we're ending the year.

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.

00:13:43.660 It's a runaway train that's not just going to run over MAGA.

00:13:47.180 It's going to run over the American people in this beloved republic. 0.63

00:13:51.180 It has to be.

00:13:52.220 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. 0.99

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.

00:14:31.060 It's the reason they hate Trump.

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.

00:14:41.620 And he not only puts you in the room, he puts you at the head of the table.

00:14:45.940 So now it's on you.

00:14:48.000 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.

00:14:57.020 Big victory on 5 November.

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.

00:15:09.560 Hey, you think the country's broke?

00:15:11.100 The country is broke.

00:15:12.120 We're just printing money to keep this house of cards going.

00:15:16.420 The strategy remains the same for you.

00:15:18.480 You've got to diversify, diversify your savings.

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00:16:22.920 So, it's an honor to be with you.

00:16:27.140 And we'll discuss a couple of points.

00:16:29.360 We'll take some questions later if you'd like.

00:16:31.160 I'm sure you might have one or two.

00:16:33.320 I'd be shocked if you didn't.

00:16:35.180 I'd be very impressed.

00:16:36.860 But I'm honored to welcome one of the most accomplished business leaders of our time,

00:16:41.760 the founder and CEO of SoftBank.

00:16:43.680 Everybody knows.

00:16:45.340 Masa Yoshisan.

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,

00:17:10.160 creating 100,000 American jobs at a minimum.

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.

00:17:34.660 It's been the biggest increase.

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.

00:17:44.800 And nobody's ever seen anything like it.

00:17:46.560 And it's just they're very optimistic.

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.

00:18:14.280 So it's a great honor.

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.

00:18:24.380 And they did.

00:18:25.360 And a very pleased to say that they kept that promise in every way, shape, and form.

00:18:30.540 And now they're looking to do 100.

00:18:33.800 And I've looked at their books.

00:18:35.240 They do have the possibility of doing more.

00:18:37.400 I'm going to ask them to do a little bit more.

00:18:39.060 But first, I'm going to ask them to speak.

00:18:41.020 And just to say a few words, Masa, please.

00:18:44.240 Thank you.

00:18:44.780 Thank you.

00:18:45.280 Thank you.

00:18:45.800 Thank you.

00:18:46.100 Thank you very much.

00:18:47.220 Appreciate it.

00:18:48.000 Thank you, Halal.

00:18:48.900 Yeah.

00:18:51.620 Thank you so much.

00:18:52.920 I'm very, very excited.

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.

00:19:47.340 So I am truly excited to make this happen.

00:19:53.640 And, of course, business is important.

00:19:56.820 Technology is important.

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.

00:20:13.360 That's my additional hope.

00:20:17.360 And I think he will actually make it happen.

00:20:22.500 So, anyway, I'm excited to go.

00:20:27.880 And we were discussing, and President Trump said,

00:20:30.980 Masa, you know, double-down is not enough.

00:20:34.140 Maybe, you know, go for more, right?

00:20:36.940 That's what I'm going to ask him right now.

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.

00:20:48.160 Would you do that?

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,

00:21:04.280 I will try to make it happen.

00:21:06.420 Okay.

00:21:06.780 That's good.

00:21:07.500 All right.

00:21:08.160 $200.

00:21:08.860 He'll make it happen.

00:21:10.800 $200 billion investment.

00:21:12.240 He is a great negotiator.

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.

00:21:24.660 They have tremendous respect for 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.

00:21:32.960 When you say you'll try, I know you'll do it.

00:21:35.920 I will really try.

00:21:37.520 Yeah.

00:21:37.700 And I need your support, though.

00:21:39.960 You'll have my support.

00:21:41.140 All right.

00:21:41.680 You'll have our country's support.

00:21:43.080 Oh, fantastic.

00:21:44.040 Thank you, Masa, very much.

00:21:44.900 I appreciate it.

00:21:45.820 Thank you.

00:21:46.460 Thank you.

00:21:46.800 Great comment.

00:21:47.360 Thank you, Masa.

00:21:48.360 Thank you, Masa.

00:21:50.360 So I'm sure our people in Japan are proud to make the partnership of U.S. and Japan be

00:22:00.560 stronger.

00:22:01.640 And I'm very excited to make this happen.

00:22:05.160 Thank you very much.

00:22:05.840 Thank you, Masa.

00:22:06.620 Thank you.

00:22:07.120 Thank you.

00:22:07.920 Thank you.

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

00:22:27.220 or that will announce themselves.

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.

00:22:36.720 41 points.

00:22:38.140 It went up 41 points.

00:22:39.480 That's unheard of.

00:22:40.940 And that's the biggest they think in recorded history, but they know at least a minimum of

00:22:45.720 39 years.

00:22:46.600 So that's great.

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.

00:22:54.840 There's a whole light over the entire world.

00:22:56.720 Many people, some reporters in Spakendomb, they said, you know, it actually is true. 0.99

00:23:01.080 A couple of them are not necessarily friends of mine, but they said it is actually true that 0.97

00:23:06.560 there's a light shining over the world.

00:23:09.240 We're trying to help very strongly in getting the hostages back, as you know, with Israel 0.65

00:23:14.280 and the Middle East.

00:23:15.820 We're working very much on that.

00:23:18.040 We're trying to get the war stopped, that horrible, horrible war that's going on in

00:23:22.720 Ukraine, with Russia, Ukraine.

00:23:25.420 We're going to – we've got a little progress.

00:23:28.260 It's a tough one.

00:23:29.460 It's a nasty one.

00:23:31.120 It's nasty.

00:23:31.940 People are being killed at levels that nobody's ever seen.

00:23:35.720 You know, it's very level fields.

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.

00:23:46.400 I've never seen anything like that.

00:23:47.640 And rapidly, I get reports every week.

00:23:50.440 And it's not even – you know, it's like just going down.

00:23:54.380 And nobody's seen anything like it.

00:23:56.340 It's a very flat surface, a very flat land.

00:23:58.600 That's why it's great farming land.

00:24:01.420 It's the – it's the breadbasket for the world, actually.

00:24:06.000 But it's very flat.

00:24:07.240 And there's nothing to stop a bullet but a body.

00:24:09.860 There's no protection, no nothing.

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.

00:24:20.880 And we'll see what happens.

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.

00:24:28.660 We had no wars when I left office.

00:24:31.100 And now it's – the whole world is blowing up.

00:24:34.000 But there's great optimism.

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.

00:24:54.780 We had it in my time.

00:24:55.920 We had the greatest economy that the world had seen.

00:24:59.220 We were blowing away everybody.

00:25:00.700 Our country was doubling up on China, doubling up on everybody, and everybody knows it. 0.97

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.

00:25:17.680 So it was pretty amazing.

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.

00:25:33.160 And that was about the percentage we had.

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.

00:25:47.260 But we'll catch up very quickly.

00:25:50.160 We'll catch up with it.

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.

00:26:06.140 This is a friendly transition, and it is.

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.

00:26:24.600 It involved 49,000 people.

00:26:27.700 For five years, they don't have to go.

00:26:29.320 They just signed this thing. 0.92

00:26:30.700 It's ridiculous. 0.99

00:26:32.300 So it was like a gift to a union. 0.83

00:26:35.480 And we're going to obviously be in court to stop.

00:26:37.820 But the other thing is really terrible.

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.

00:26:49.520 They need to have see-through.

00:26:51.440 They need it to be steel because you can't cut.

00:26:53.700 It's very powerful steel.

00:26:55.000 It's very hard steel.

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.

00:27:12.060 It's very powerful concrete.

00:27:13.960 They've made tremendous technology advances in the word concrete.

00:27:19.340 Who would think that?

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.

00:27:25.040 So we have a very strong concrete.

00:27:26.940 And then we have a rebar.

00:27:29.100 We put rebar inside the concrete.

00:27:31.200 And the rebar, likewise, is very hard to cut.

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.

00:27:41.340 You saw that.

00:27:42.200 And I didn't like the look of it.

00:27:43.500 But then when I watched, we had people testing.

00:27:45.920 We had mountain climbers actually 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.

00:27:57.220 But it works so unbelievably well.

00:28:00.180 You have to do it.

00:28:01.380 So we spent a lot of money on building it.

00:28:03.480 And we have hundreds of miles that we put up.

00:28:05.780 A lot of people don't realize.

00:28:06.820 But we did 571 miles of wall.

00:28:09.560 That's why we had such good records.

00:28:11.560 In addition to the fact that Mexico helped us with their military, they kept people out. 0.90

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.

00:28:26.380 It's very expensive.

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,

00:28:37.780 knowing that we're getting ready to put it up.

00:28:41.020 And what they're doing is really an act.

00:28:43.180 It's almost it's almost a criminal act.

00:28:45.380 And they know we're going to use it.

00:28:48.020 And if we don't have it, we're going to have to rebuild it.

00:28:51.360 And it'll cost double what it cost years ago.

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.

00:29:37.480 Time would be pretty long.

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.

00:30:02.400 Can you believe it?

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.

00:30:19.140 And we can't let this take place.

00:30:21.580 It's obvious the unthinkable continues.

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.

00:30:32.780 But you know better.

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00:31:30.620 Action, action, action.

00:31:32.660 Now, we're going to go.

00:31:33.660 I spoke with the Attorney General of Texas.

00:31:35.600 I spoke to the senators of Texas.

00:31:38.240 I spoke to a lot of people.

00:31:39.540 And hopefully they'll be able to stop.

00:31:41.620 We're going to be, you know, having a restraining order. 0.93

00:31:44.040 But just think about how ridiculous it is. 0.65

00:31:46.480 And this is just people that don't want this country to succeed. 0.70

00:31:49.700 And this has nothing to do with Democrat or Republican.

00:31:53.080 This has to do with common sense.

00:31:55.980 We won on common sense.

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.

00:32:09.160 Hundreds of times more than we paid.

00:32:12.980 And this is all because the Democrats.

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.

00:32:25.480 And it worked.

00:32:26.920 That's why our numbers were so good.

00:32:28.780 It really worked.

00:32:29.700 And it worked well.

00:32:31.000 And it's very expensive to do.

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.

00:32:42.820 So hopefully Joe will be able to stop it.

00:32:46.360 We'll soon unleash American energy.

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.

00:32:55.560 It'll be clean energy.

00:32:56.880 And we'll bring in the price of electricity.

00:32:59.900 And we're going to bring it down fast.

00:33:01.100 We're also going to create clean coal.

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.

00:33:11.860 We have so much coal.

00:33:13.920 And with the process, it becomes clean coal.

00:33:16.080 It's very powerful energy, unlike wind.

00:33:19.140 It's very, very powerful.

00:33:20.760 And we're going to be doing a lot of clean coal for the people of West Virginia and others.

00:33:26.600 Wyoming, so many states.

00:33:27.940 We have great states.

00:33:29.840 And they'll be happy to hear it.

00:33:31.660 But we're going to be very much into clean coal.

00:33:34.440 I don't ever use the word coal.

00:33:36.420 I use the word 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.

00:33:53.600 In some cases, it was 39.

00:33:56.140 We brought it all the way down to 21 percent.

00:33:59.400 And now we're bringing it down to 15.

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.

00:34:07.280 And people are thrilled.

00:34:08.420 I've had the smartest people on Wall Street call me.

00:34:10.640 They said, where did you get that idea?

00:34:12.480 And it doesn't seem that complicated, right?

00:34:14.540 But it's like the paper clip.

00:34:17.500 Nobody ever thought of it.

00:34:18.800 One guy thought of it.

00:34:19.900 Everybody looked at it.

00:34:20.800 They said, wow, that was a good idea.

00:34:23.720 Why didn't I think of it?

00:34:25.260 But we're bringing it down six more points.

00:34:27.520 And that will put us really at the best level we've ever had for bringing in business.

00:34:35.300 We've never been down to that level.

00:34:37.180 We'll be among the lowest taxed states.

00:34:40.820 And a lot of businesses are going to come in.

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.

00:35:24.440 You saw how well I did with the autoworkers.

00:35:26.860 We did unbelievably.

00:35:28.000 You saw how well we did with the Teamsters.

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.

00:35:39.860 And they're all coming back. 0.99

00:35:41.260 We lost them over years of stupidity, I call it. 1.00

00:35:45.120 I call it the years of stupidity, the decades of stupidity. 1.00

00:35:48.780 Through the Department of Government Deficiency, Elon Musk has been working very hard with various people, including Vivek. 1.00

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.

00:36:07.120 So we're looking to save maybe $2 trillion.

00:36:10.780 And it'll have no impact.

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.

00:36:19.540 It's just waste, fraud, and abuse.

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.

00:36:35.420 I don't know.

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.

00:36:50.020 They're a very big sender of people.

00:36:52.840 But from all over the world, they're sending prisoners out of their jails.

00:36:56.920 Some of their jails are empty.

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.

00:37:08.060 And we told them it's not fair and not right.

00:37:12.340 You can't let these people come into our country. 1.00

00:37:14.520 And they understand they're very much on notice, and they're going to have to stop this from happening.

00:37:20.960 They're going to have to stop it.

00:37:22.300 We lose a lot of money to Mexico.

00:37:24.040 We lose a lot of money to Canada, tremendous amount.

00:37:26.760 We're subsidizing Canada.

00:37:28.120 We're subsidizing Mexico. 0.98

00:37:29.380 And that can't go on.

00:37:30.960 And I get along with the people of Mexico and Canada very well.

00:37:33.860 But we can't let that happen.

00:37:35.700 Why are we supporting and giving other countries hundreds of billions of dollars?

00:37:44.200 It's not fair.

00:37:45.240 It's not right.

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.

00:37:56.100 And that's what we did.

00:37:57.660 But now we're doing it.

00:37:58.860 We're doing it from the beginning.

00:38:00.620 Howard will be largely in charge.

00:38:02.300 We'll be working on it together.

00:38:04.000 Howard's terrific.

00:38:04.920 He's done a fantastic job, and he's really helped us a lot with transition.

00:38:08.640 I think we have fantastic people coming in.

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.

00:38:26.260 We're $36 trillion.

00:38:28.400 You don't want to be there.

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.

00:38:44.120 We're going to further 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.

00:39:15.280 The golden age of America, I call it.

00:39:17.820 It's begun.

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.

00:39:33.980 You know, when I left, we had no wars.

00:39:35.440 We had no problems.

00:39:36.520 The Middle East was good.

00:39:37.540 We did the Abraham Accords. 0.99

00:39:39.800 We did things that nobody thought were even possible.

00:39:43.280 But think of it.

00:39:44.680 Four years ago, we had no wars.

00:39:47.480 You didn't have Russia going into Ukraine.

00:39:49.760 They wouldn't have done it.

00:39:50.540 They weren't even thinking about it.

00:39:52.960 When they saw what happened in Afghanistan, I think they gave them an idea.

00:39:56.100 But they wouldn't have done it.

00:39:57.060 They would have never gone.

00:39:58.500 President Putin would have never gone in.

00:40:00.580 And now you look at all those people are dead.

00:40:02.620 All those cities are destroyed.

00:40:03.860 You know, it's nice to say they want their land back.

00:40:07.640 But the cities are largely destroyed.

00:40:10.940 They've left Kiev because probably maybe they want to use it or occupy it.

00:40:16.580 But they haven't done it.

00:40:17.420 They've done a lot of damage, but relatively compared to the other cities, very little.

00:40:23.800 But many of those cities are gone.

00:40:25.540 Those beautiful towers, those beautiful buildings that they had are now laying on their sides,

00:40:33.640 destroyed, totally destroyed.

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?

00:40:56.220 Take over what?

00:40:57.120 That's a hundred-year rebuild.

00:40:58.500 Take a hundred years to rebuild it and you can never have it the way it was.

00:41:01.820 What a shame.

00:41:02.660 It should have never happened.

00:41:03.820 It would have never happened.

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. 0.84

00:41:10.360 So we're inheriting big challenges at home and all over the world.

00:41:16.240 Again, we had no wars.

00:41:18.100 We had no problems.

00:41:19.960 We had no inflation.

00:41:21.760 We had no inflation.

00:41:22.800 We had it less than 1%.

00:41:24.100 A perfect number.

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.

00:41:32.700 They say 38 years.

00:41:33.940 I don't know.

00:41:34.320 I think it's probably ever.

00:41:36.660 But we're going to take care of all of it.

00:41:38.740 We're going to get the prices down by energy.

00:41:41.440 The energy is going to come in.

00:41:42.620 We have more energy than anybody else.

00:41:44.240 We're going to use it.

00:41:45.240 We don't have to buy energy from Venezuela when we have 50 times more than they do. 0.91

00:41:50.460 It's just insane what we're doing.

00:41:52.300 So we will not rest until America is richer, safer, and stronger than it has ever been before.

00:41:59.200 And we have a big head start.

00:42:01.260 Last time we didn't.

00:42:02.360 And last time we didn't know the people.

00:42:04.720 We didn't know a lot of things.

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.

00:42:20.660 I know them.

00:42:21.840 I didn't know any of them virtually.

00:42:23.540 I relied on other people for recommendations.

00:42:25.820 Some were very good recommendations.

00:42:27.320 We had some great people.

00:42:28.980 Bob Lighthizer, I thought, was great.

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.

00:42:49.280 But I just want to thank him.

00:42:52.380 He's just an outstanding man.

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.

00:43:05.700 So thank you, Tomasa.

00:43:06.820 And we'll take a couple of questions.

00:43:08.240 Yeah, please.

00:43:09.060 Jeff.

00:43:09.320 You owe back taxes, right?

00:43:13.680 Here's the question.

00:43:15.080 Why is the IRS targeting you and not millionaires who owe a fortune compared to you?

00:43:20.540 Rich people have tax attorneys.

00:43:22.540 You probably don't.

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00:44:36.160 You mentioned the wars.

00:44:38.000 Can you tell us what you said to Prime Minister Netanyahu in your call on Saturday?

00:44:41.680 Yeah.

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.

00:44:50.020 We had a very good talk.

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.

00:45:20.360 Everybody is very happy.

00:45:21.620 I think he's doing a fantastic job.

00:45:23.800 But he was very much involved in the call.

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?

00:45:33.100 Who?

00:45:33.460 How do you plan to stop the ban on TikTok next month?

00:45:36.440 We'll take a look at TikTok.

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.

00:45:56.820 I said, who is that?

00:45:58.360 Tell me, who's that dead?

00:45:59.620 You've got to be kidding.

00:46:00.620 I can't believe you don't know.

00:46:02.400 And I did those interviews, and it was actually sort of cute.

00:46:05.800 Do you want to know the truth?

00:46:07.020 But we did them, and that had an impact.

00:46:09.160 But TikTok had an impact.

00:46:10.840 And so we're taking a look at it.

00:46:13.080 But, you know, we won youth.

00:46:14.920 Republicans are always 30 points down in youth.

00:46:17.220 I don't know why.

00:46:18.620 But we ended up finishing.

00:46:19.940 We were – there was one poll that showed us down about 30.

00:46:23.220 We were 35 or 36 points up with young people.

00:46:26.880 So I have a little bit of a warm spot in my heart, I'll be honest.

00:46:30.600 Yes, please.

00:46:31.840 Are you entertaining the idea of preemptive strikes against Iran's nuclear facilities?

00:46:37.100 Against who?

00:46:37.800 Against Iran's nuclear facilities.

00:46:39.540 Well, I can't tell you that.

00:46:40.820 I mean, it's a wonderful question.

00:46:43.420 But how could I – am I going to do preemptive strikes?

00:46:46.500 Why would I say that?

00:46:47.660 Can you imagine if I said yes or no?

00:46:50.920 You'd say – that was strange that he answered that question.

00:46:53.940 Am I going to do preemptive strikes on Iran? 0.94

00:46:57.820 Is that a serious question?

00:46:59.460 How could I answer a question like that?

00:47:01.200 Would you be in support of Israeli strikes on Iran's nuclear facilities?

00:47:08.380 How could I tell you a thing like that now?

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

00:47:22.820 or any other place in the world.

00:47:25.440 Mr. Tiger, can I ask just clearly, do you believe there's a connection between vaccines and autism?

00:47:34.480 Do you believe there's a –

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.

00:47:54.900 And we're looking to find out.

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.

00:48:05.860 And now I'm hearing numbers of one in 100.

00:48:09.580 So something's wrong.

00:48:11.280 There's something wrong.

00:48:13.000 And we're going to find out about it.

00:48:14.980 What about the –

00:48:15.580 What about the –

00:48:15.780 Go ahead, please.

00:48:20.880 NBC.

00:48:21.680 Can I follow up on Robert Kennedy?

00:48:23.700 He's on the Hill today.

00:48:24.660 He's meeting with senators.

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.

00:48:34.780 I think he's got a very open mind.

00:48:36.240 Or I wouldn't have put him there.

00:48:37.340 He's going to be very much less radical.

00:48:40.040 But there are problems.

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.

00:48:56.160 You know who that is.

00:48:57.100 He's a highly respected man who has run an incredible company, likewise with Lilly, the top two people.

00:49:05.060 And we had the head of the industry also.

00:49:07.600 So all companies were represented.

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.

00:49:22.640 And we have a thing called the middleman.

00:49:24.380 You know the middleman, right?

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.

00:49:31.700 We're going to knock out the middleman.

00:49:33.460 I'm going to be very unpopular after that statement. 0.61

00:49:35.640 I don't know who these middlemen are, but they are rich as hell.

00:49:42.640 And we're going to knock out the middleman.

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.

00:50:13.580 Do you think schools should mandate vaccines?

00:50:16.460 Do you think schools should mandate vaccines?

00:50:18.880 I don't like mandates.

00:50:19.920 I'm not a big mandate person.

00:50:21.540 So, you know, I was against mandates.

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.

00:50:36.060 The mandate was a bad thing.

00:50:37.100 I was against the mandate.

00:50:39.860 Yes, please.

00:50:41.020 Do you expect Ron DeSantis to appoint Laura Trump to Senator Marco Rubio's seat?

00:50:46.400 No, I don't.

00:50:48.880 I probably don't, but I don't know.

00:50:51.960 Ron's doing a good job.

00:50:53.220 That's his choice.

00:50:54.360 Nothing to do with me.

00:50:57.240 Laura's unbelievable. 0.95

00:50:59.060 I mean, she was incredible.

00:51:01.040 The job she did at the RNC as chairman, along with Michael Watley, the combination.

00:51:07.660 But I can just speak for Laura.

00:51:09.880 She is so highly respected by women.

00:51:13.640 I mean, even her workout routines are through the roof.

00:51:17.100 She lifts 150 pounds. 0.60

00:51:19.600 I don't know how to hell she does it. 1.00

00:51:20.980 She's a bad example for men and women's sports because I wouldn't be able to beat her. 1.00

00:51:26.500 I don't believe I'd try like hell.

00:51:28.840 But no, she's an incredible woman.

00:51:30.860 And, you know, it's funny.

00:51:32.720 People oftentimes talk about nepotism.

00:51:37.260 I never had.

00:51:37.960 When I put her there, people said, how did you get her to do it? 1.00

00:51:42.040 You know, she could have run for the Senate in North Carolina. 1.00

00:51:44.520 Ted Budd would be the first to say.

00:51:46.700 And he wouldn't have run.

00:51:48.020 Nobody would have run.

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.

00:52:13.360 They stopped it.

00:52:14.840 Or at least they stymied it.

00:52:16.440 Too big to rig.

00:52:17.880 And we won in a landslide.

00:52:19.300 You know, we won tremendously.

00:52:20.880 She did an amazing job. 0.97

00:52:22.820 Now, Ron is going to have to make, because Marco has been really a star already.

00:52:28.580 And we haven't started.

00:52:29.660 But, you know, we see signs of, from some people very early.

00:52:34.300 We see signs of stardom.

00:52:37.020 And Marco has done incredibly.

00:52:40.600 He's sort of born for it.

00:52:42.540 It was such an easy decision.

00:52:44.480 The Marco decision was such an easy.

00:52:46.260 But he leaves a vacancy in Florida.

00:52:48.660 And Ron's going to have to make that decision.

00:52:51.220 And he'll make the right decision.

00:52:53.060 I also know that Laura's got so many other things.

00:52:56.120 I mean, she's got so many other things.

00:52:57.640 People want her to be on television. 1.00

00:52:59.160 They want to give her contracts.

00:53:00.280 You know, her predominant thought is our country and her family.

00:53:06.280 Those are her thoughts.

00:53:08.380 But she's got so many other things that she's talking about.

00:53:12.000 He'll make the right decision.

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.

00:53:49.700 I think we have a great group of people.

00:53:53.040 Pam has been unbelievably received.

00:53:55.320 You take a look, Pam Bondi.

00:53:56.540 So many have been just unbelievably received.

00:54:01.680 I think Pete Hegseth is making tremendous strides over the last week.

00:54:07.020 He's going to be great.

00:54:07.700 Look, he went to Princeton.

00:54:08.700 He went to Harvard.

00:54:09.400 He was a great student there.

00:54:10.600 But he really was from the first day I met him, all he wanted to talk about was military.

00:54:15.620 He's just a military guy.

00:54:17.000 I think it's a natural.

00:54:18.020 This was my idea.

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?

00:54:31.500 He said, absolutely.

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.

00:54:43.780 You'll never have that opportunity again.

00:54:45.440 In fact, it could be just the opposite because it's nasty out there.

00:54:49.840 He said, I don't care.

00:54:50.640 I have to do it for my country.

00:54:52.020 He gave up a tremendous amount.

00:54:54.200 If this didn't work, it would be a tragedy.

00:54:58.320 But that's what he loves.

00:54:59.540 He loves the military.

00:55:00.580 I never talked to him about anything else.

00:55:02.020 He'd talk about the military.

00:55:03.300 He'd come to see me about a soldier that was unfairly treated.

00:55:08.020 And could I help?

00:55:10.100 That's the only thing I virtually ever talked to him about.

00:55:13.060 And I always remembered it.

00:55:14.640 I've seen him many times.

00:55:15.880 And I don't think I've ever had a subject on anything other than military with him.

00:55:19.840 That's where his love is.

00:55:21.720 And he didn't say, well, I'd like to think about it.

00:55:24.060 I'd like to talk to my family.

00:55:26.360 He said, not even a contest.

00:55:28.180 And, you know, he was going through the roof over there.

00:55:30.160 He was doing great.

00:55:30.780 They have the number one show that Saturday and Sunday with Will and Rachel.

00:55:37.140 That was great chemistry.

00:55:39.140 And if this didn't work out for him, it would be actually sort of tragic.

00:55:44.760 Yeah.

00:55:44.980 Would you consider partnering Eric Adams?

00:55:49.560 Yeah, I would.

00:55:50.740 Yeah.

00:55:51.260 I think that he was treated pretty unfairly.

00:55:53.680 Now, I haven't seen the gravity of it all.

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.

00:56:03.500 They see you're all stars.

00:56:04.580 And they say, I want to upgrade that person from NBC.

00:56:08.740 I'm going to upgrade him.

00:56:10.420 And that would mean you'll spend the rest of your life in prison.

00:56:12.900 I don't know.

00:56:13.440 Somehow I would.

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.

00:56:31.140 I said, you know what?

00:56:32.100 He'll be indicted soon.

00:56:33.980 And I said it, not as a prediction, a little bit lightheartedly, but I said it.

00:56:38.580 I said, he's going to be indicted.

00:56:40.560 And a few months later, he got indicted.

00:56:43.360 So, yeah, I would certainly look at it.

00:56:45.920 Yes.

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

00:57:05.180 of 400,000.

00:57:06.220 They have many more people than that.

00:57:07.660 Turkey is a major force, by the way.

00:57:09.700 And Erdogan is somebody I got along with great.

00:57:12.440 But he has a major military force.

00:57:14.220 And his has not been worn out with war.

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?

00:57:35.420 He said, they'll be just...

00:57:37.500 They'll be wiped out immediately.

00:57:39.160 And I moved them out because...

00:57:42.360 And I took a lot of heat.

00:57:43.620 And you know what happened?

00:57:44.620 Nothing.

00:57:45.980 Nothing.

00:57:47.020 I saved a lot of lives.

00:57:48.560 Now we have 900.

00:57:50.020 They put some back.

00:57:51.640 But 900, if you're talking about two...

00:57:54.760 Now, one of the sides has been essentially wiped out.

00:57:57.260 But nobody knows who the other side is.

00:57:59.720 But I do.

00:58:00.520 You know who it is?

00:58:01.620 Turkey.

00:58:02.860 Okay?

00:58:03.400 Turkey is the one behind it. 0.99

00:58:05.040 He's a very smart guy.

00:58:06.220 They've wanted it for thousands of years.

00:58:08.840 And he got it.

00:58:10.700 And those people that went in are controlled by Turkey.

00:58:17.140 And that's okay.

00:58:18.100 It's another way to fight.

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?

00:58:34.380 Or do you think it will calm down?

00:58:35.780 Well, nobody knows what the final outcome is going to be in the region.

00:58:39.020 You know, nobody knows who really the final.

00:58:40.940 I believe it's Turkey.

00:58:42.300 And I think Turkey is very smart.

00:58:45.000 He's a very smart guy and he's very tough.

00:58:47.500 But Turkey did an unfriendly takeover without a lot of lives being lost.

00:58:53.600 I can say that Assad was a butcher here.

00:58:56.280 What he did to children, you remember, I attacked him with the 58 missiles, unbelievable missiles 0.69

00:59:05.300 coming from ships 700 miles away.

00:59:08.600 And every one of them hit their target.

00:59:10.660 But I did that.

00:59:11.600 That was the red line in the sand.

00:59:13.180 Obama drew it.

00:59:14.000 And then he refused to honor what he did.

00:59:16.520 He said, if anybody goes across the red line, and Assad killed many more children after that.

00:59:21.560 And Obama did nothing, but I did. 0.92

00:59:23.960 I hit him with a lot of missiles.

00:59:25.260 In fact, President Xi was sitting here the night he was in that dining room having chocolate cake.

00:59:30.840 Remember the famous 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.

00:59:59.720 They were not getting very much out of it.

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.

01:00:24.680 It's magnificent, and they did a great thing.

01:00:26.980 And they had great respect for our country.

01:00:28.400 They treated me, meaning I'm the country, I'm the representative of our country.

01:00:33.000 And we were treated with great respect.

01:00:36.000 And one of the people that came to pay his respects is, as you know, Ukraine, Zelensky.

01:00:45.700 And he would like to have peace.

01:00:47.640 He wants peace.

01:00:48.640 Everyone's being killed.

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.

01:01:11.060 It's got to stop.

01:01:12.000 And we're trying to get it to stop.

01:01:16.780 Well, we're going to see.

01:01:19.020 We're going to be talking.

01:01:20.160 We'll be talking to President Putin, and we'll be talking to the representatives, Zelensky, and representatives from Ukraine.

01:01:26.720 We've got to stop it.

01:01:27.660 It's carnage.

01:01:29.560 First of all, good to see you.

01:01:32.900 Thank you.

01:01:33.380 Good to see you.

01:01:34.260 Good to see you.

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.

01:01:41.480 The government knows what is happening.

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.

01:02:01.860 Our military knows and our president knows.

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.

01:02:12.580 Even if they were late, they'd blast it.

01:02:15.900 Something strange is going on.

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.

01:02:24.160 Want to know the truth?

01:02:25.320 They're very close to Bedminster.

01:02:28.480 I think maybe I won't spend the weekend in Bedminster.

01:02:31.500 I've decided to cancel my trip.

01:02:33.880 Have you received an intelligence briefing on the drones?

01:02:36.120 I don't want to comment on that.

01:02:39.500 Two quick questions.

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.

01:02:50.940 We're going to find out a lot.

01:02:52.960 We're doing two things.

01:02:54.120 We're going to have tremendous cost savings that will come out of this.

01:02:56.660 That's a minimum.

01:02:57.760 And we're also going to have, and I think, very serious discussions about certain things,

01:03:02.360 whether it's pesticides.

01:03:03.240 You know, Europe doesn't use pesticides, and yet they have a better mortality rate than we do.

01:03:11.000 They don't use pesticides.

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.

01:03:19.880 And something bad's happening.

01:03:22.700 Again, you take a look at autism today versus 20, 25 years ago.

01:03:27.680 It's, like, not even believable.

01:03:29.980 So we're going to have reports.

01:03:31.280 No, nothing's going to happen very quickly.

01:03:33.100 I think you're going to find that Bobby is much—he's a very rational guy.

01:03:37.540 I found him to be very rational.

01:03:39.020 No, nothing—you're not going to lose the polio vaccine.

01:03:42.460 That's not going to happen.

01:03:44.340 I saw what happened with the polio.

01:03:46.020 I have friends that were very much affected by that.

01:03:51.240 I have friends—

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01:05:06.660 Do it today.

01:05:08.360 Action, action, action.

01:05:09.980 We'll include things like preservatives, artificial ingredients,

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01:05:54.760 700,000 Americans every year.

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01:06:00.460 year in and year out.

01:06:01.480 Heart disease builds over time.

01:06:03.540 Hypertension, high blood pressure, bad cholesterol, diabetes,

01:06:06.320 all of it affects our heart.

01:06:08.780 A healthy heart is key to being energetic as we get older.

01:06:13.240 It is never too early to take care of your heart.

01:06:17.380 You see, heart disease sneaks up on us.

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01:06:21.380 you're at serious risk by the time you turn 60.

01:06:23.220 If you want to take care of your heart and those you care about,

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01:06:47.500 Go there today.

01:06:49.240 If you're going to be part of the posse, you need a strong heart.

01:06:52.060 You need a lion's heart.

01:06:53.800 How we're going to do that is with Salty.

01:06:56.120 Go there.

01:06:56.760 Do it today.

01:06:57.380 Check it out.

Bannon's War Room - December 16, 2024

Episode 4130： Runaway Debt Train Heading Towards Trump

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