Episode 4452： President Delivers Remark On Record Investments In America
Episode Stats
Length
1 hour and 1 minute
Words per Minute
168.68968
Summary
Learn English with Donald Trump. President Trump delivers a speech at the AFL-CIO National AFL-HW's AFL-ACTIVE Building a Better Deal rally in Dayton, Ohio on January 20th, 2020. Trump speaks about his vision for the future of the country, the economy, and the economy as a whole.
Transcript
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The President, along with numerous other members of my Cabinet, and I want to thank you all for
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being here. How come my Cabinet has such good locations? You should have given them up to the
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business leaders. We want their money, you know. They have their very good locations. I'm not
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surprised. 100 days ago this week, we inherited the wreckage of four years of economic disaster
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under the previous administration. It was an economic disaster. It was a disaster at the
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border like nobody had ever seen before. And you probably see we've closed up the
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border. 99.999 percent, meaning three people got in. Three.
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As opposed to hundreds of thousands of people coming in on a monthly basis. Millions of people,
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actually. The periods where we had millions and millions of people pouring in on a monthly basis.
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We had three people. They buried companies in crippling regulations, wage war on American
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energy, pushed massive tax hikes, and gave us the worst inflation in the history of our country.
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In Biden's final year, the United States had the worst trade deficit ever recorded. And we lost 106,000
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manufacturing jobs. Other than that, he's done a fantastic job. But now all that is changing and all that's
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changing very fast because we finally have the president who wants to put our country first. You
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have a president who believes in America first. In the first quarter GDP numbers just out today,
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core GDP. Now, we're removing distortions from imports, inventories, and government spending was up plus
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three percent. But this is Biden's economy because we took over on January 20th. And I think you have to
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get us a little bit of time to get moving. But this is the Biden economy. But we still had a — and we've
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had a lot of things happen since November 5th that helped this economy because it was indicating a strong
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private sector growth. And it was only — it only started after November 5th. The private sector
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started really heating up after the election. Even though I wasn't there, people knew what we were
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going to be doing. And the private sector growth was actually very good. Very importantly, gross domestic
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investment was up an incredible — 22 percent, which they had never seen before. Every new investment,
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every new factory, and every new job created is a sign of strength in American economy,
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and a declaration of confidence in America's future. We really do. We've never seen anything like
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this. Even Samsung, which — whose name isn't mentioned here. But I heard that they announced
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this morning that they're going to be building a very big plant because they want to be able to
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beat the tariffs. It's the only way to beat them. The entire Trump economic agenda is about making it
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easier to do business in America, to create jobs in America, to hire American workers, and to build
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your factories here in America, not in China or any other country. And we're dealing with many,
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many countries right now, I will say. And I think I can say for Scott and for
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Howard and for some of the people that are dealing, there are too many to handle. I mean,
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to be honest with you, I'd have to hire about — I'd love to hire some of the people running these
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companies. Boy, would you do — would you do a good job.
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They could have Jensen negotiate. He'd blow my people away, wouldn't you? I think even Howard —
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we'll take them. He'd blow them away. He would make deals.
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One deal would be the end. That would be it. But we've terminated the Green New Scam — it was a
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scam — and halted tens of billions of dollars of money, wasteful deficit spending. It was like
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throwing money right out the window. And in the coming weeks, we'll pass the largest tax cuts in
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American history. And I think even more so, we'll be doing things for business like you've never seen
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before. You saw it in a little smaller version at the beginning of our last term. You know,
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we had the most successful four years that any president has ever had. The stock market was up 88%.
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The other markets were up almost 100%. And that's despite COVID and all the crazy things happening.
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But we had a tremendous — we had a tremendous four years. We've given credit for that, actually.
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But our big, beautiful bill, as I call it — our big, beautiful bill — we may name it that,
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actually — will include 100% expensing retroactive to January 20th. So that's all the way back to
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just about the beginning of the year. So expensing one year, you take a deduction one year. So you can
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build your factories right now, essentially almost tax-free, if you think about it. Nobody's ever been
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given that. And we're going to make that expensing for a four-year period at a full 100%.
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So last time, we made it one year, and you had the deductions — you'd go from 100% to 80% to 60%,
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to 40%, to 20%, to Zippo. And now what we're going to do is we're going to keep it at that level,
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and we're going to have it for four years. So I believe that was one of the reasons that we had such
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unbelievable growth. Also, we allowed you to bring money back from outside of the country. It was
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impossible. You had to have 15 different law firms representing you. It was so complicated. And worse
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was that the tax rate was 65%. I lowered the rate substantially, but still a lot. You know,
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we shouldn't take your money just to, you know, hold you hostage, right? So we lowered it to a
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reasonable amount. And we took in trillions of dollars, came back. Apple brought in a tremendous
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amount of money. A lot of the companies here brought in a lot of money. And the businesses
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represented today clearly understand that if you build your factory in the United States,
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your tariff rate is zero, zero. And you have other advantages, too. And not the least of which is
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what I just said, having to do with the bill. Now, we have to get that bill approved. So call your
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local representative, please, and make sure that we get it approved. Because I don't want to talk too
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early, but we're doing well with the Republican Congress. We have — the Senate is doing
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great, and the House is doing great. John Thune has been spectacular. Mike Johnson has been — Speaker
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has been spectacular. Marcia, you're in there working very hard and doing well. What do you think?
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Are we going to get it passed? We have to. Marcia, we don't get it passed. I'm blaming you.
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We have to. We have to get it passed. We will. I think we will. But I don't think we'll have any
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Democrat votes. If we don't get it passed, what would happen is your taxes go up 68 percent.
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Think of that. And we may not get one vote because they just vote against. It's Trump derangement
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syndrome, or maybe it's just they hate Republicans, or they hate what we're doing because
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they've lost their confidence. They've totally lost their confidence.
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They don't know what the hell is going on. And we are going to get it done. It's probably going to be
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fully Republican. Fortunately, we have the House. We have the Senate. And we may or may not have a
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couple of grandstanders. I don't know. But if we do, it would be good if you could work on anybody.
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I mean, if I were a Democrat, I'd be voting for it 100 percent because I think it's very dangerous
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politically not to vote for. Think of it. Your taxes go up almost 68 percent. So — but it looks like
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we're in good shape, I think. And hopefully we'll — we'll get it approved. It'll be the biggest
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bill ever approved in the history of our country. And it'll be the biggest tax cut ever approved in
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the history of our country. And in addition to that, regulations, which I'm doing in and outside
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of the bill, will be as big or bigger than we did last time. We have the record for regulation cuts in
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the four years. We cut four times higher than any other president in a four-year period. And we're
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talking about eight years and two-term presidents. We were four times higher than any other president
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in terms of regulation cuts. And I went to a friend of mine who happens to be in the room — one of the
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biggest business leaders. I won't mention him because I don't know. Maybe he'll like it. Maybe
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you won't. I said to him, I said, have you had your choice between the big tax cut last time
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and the big regulation cuts, which were the biggest, again, the biggest we've ever done?
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I would have said taxes, but he would have said regulation. I said, which was — which was more
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important to you? Then he said, if I could only have one — yeah, if you could only have one — he
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said, most important would have been regulation. The regulation was more important than the tax cut.
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And I mean, we cut your taxes from almost 40 percent down to 21 percent. Now we're bringing your taxes
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down from 21 percent to 15 percent if you build your product, make your product in the USA. So if you
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make it in the USA, those chips — those beautiful chips will make those suckers in the USA, and you're
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going to be all the way down to 15 percent. And I think it's — I think it's — there's never been
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anything like it. So now we're at the lowest scale for a large country — by far at the lowest scale.
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Our pro-jobs, pro-American economic policies are a major reason that businesses around the world have
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announced $5 trillion of investment since November 5th. And now we think it's up to plus — plus 8
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trillion. And they're really coming in — they're really coming in fast. Some of them don't bother
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calling us. Some of them don't even want meetings. They don't want — they just start their — their plants
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and start their factories. I want to express my tremendous appreciation to the business leaders
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here. You are really an amazing group. This is a who's who. I don't want to say, you know,
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there's an expression of something ever went off. The entire industry would be wiped out. But I won't
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say that. I want to think very positively. And that could never happen here, could it? But I want to
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congratulate you all on your incredible success and accomplishments. You've been amazing. You're the
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the biggest and the best. So I'd like to introduce some of you — a president and CEO of Hyundai,
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Jose Munoz. Jose, thank you very much. You're fantastic.
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Jose is investing $21 billion, including $5.8 billion, for a new steel plant in Louisiana,
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which is a beauty. I saw a picture of it, which is going to create at least 1,500 jobs just to plant
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alone. Thank you very much, Jose. Beautiful. Chairman and CEO of Global Shipping Giant, CMA,
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CGM, Rodolf Sade. Thank you, Rodolf. Thank you very much. Fantastic. Investing $20 billion in creating 10,000
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new jobs, at least. Thank you very much. That's fantastic. You'll be very happy. President and CEO of
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Toyota North America, Ted Ogawa, investing $88 billion. Where's Ted? That's fantastic. Thank you,
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Ted. That's fantastic. Ted's investing $88 million for car production at its West Virginia factory,
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which is a beauty. I've seen it, actually. Congratulations. Thank you very much for being here,
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Ted. Co-founder and CEO of Andruil. Brian Schimpf. Brian. Thank you, Brian. He's investing
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$1 billion for a new manufacturing facility in Ohio. And display next to me is their 125-pound Roadrunner
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drone. Where is that little sucker? Where is it? Which is that? Whoa. That's a nasty-looking thing.
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That's a nasty-looking thing. I look up there when I'm having dinner outside. I used to look up and see
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the moon. Isn't it beautiful? Now you see the moon, but you see drones all over the place.
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And I say, let's get the hell out of here. That's a good one, isn't it, huh? I can see it.
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CEO of Worldwide Amazon Stores, Doug Harrington. Thank you very much. Thank you, Doug, very much.
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Investing $4 billion this year alone. And they — I know they said they're going to be investing a lot
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over the next two years. We appreciate it very much. Thank you. And say hello to everybody.
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CEO of Venture Global, Mike Sable. Mike, thank you very much, Mike.
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Investing $18 billion in liquefied natural gas expansion in Louisiana. That's going to work out
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good. Thank you very much. President and CEO of Siemens USA. Big company. Barbara Humpton.
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Thank you, Barbara. Thank you very much. Investing $285 million. Executive Global
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Chairman of Pratt Industries. Friend of mine, Anthony Pratt. He's investing $5 billion. Thank you.
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Thank you, Anthony. I read a report today. He's the richest man in Australia,
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but who the hell knows? Do you think you're the richest man in Australia?
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Close. I don't like to put you on the spot like that, Anthony, but that's pretty good.
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Thank you very much. That's great. $5 billion. Founder and CEO, Chobani Hamday Oliaka. Where are you?
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Thank you very much. Investing $1.2 billion. Thank you very much.
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CEO of Bell Brands USA. Yvonne Girard. Yvonne, thank you very much.
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Thank you very much. $350 million. President of Schneider Electric North America.
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Investing $700 million for energy infrastructure and its largest investment in its 135-year history.
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Chairman and CEO of Johnson & Johnson. Oh, I know. I've heard of that company, huh?
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Yeah. My hair looks so beautiful because of your product.
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Joaquin Duato. $55 billion manufacturing plant and research and development and technology.
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Thank you very much. $55 billion. That's a lot. But you've got to catch up with Apple and some of the
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others. We've got to get you to make a little — you're one of the few companies that could do that,
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right? Chair and CEO of Eli Lilly, a great guy. Every time I talk to him about drug prices,
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he sweet-talks me. He tells me about the middleman. The middleman.
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Keeps telling me about the middleman. By the time — by the time I leave the meetings,
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I was telling my people, I think — I say, gee, he's giving us a great bargain, you know.
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It's a — but, David, you have done some job. David Ricks. You have done some job. I'll see you later,
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too. $27 billion, doubling its manufacturing investment in the U.S. And he's got a very hot
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topic right now going, right? This stuff is doing really well as a really hot company.
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Thank you very much, David. CEO of Novartis, Voss, Nara, Sim, and that's $23 billion. Thank you.
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CEO of Genentech, Ashley Mugargi. $50 billion. Whoa. That's a lot of money.
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Good. Thank you, Ashley. That's a big one. CEO of AbbV, Rob Michael. $10 billion. Thank you very much.
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Thermo Fisher. Mark Casper. $2 billion. Thank you, Mark. Very much.
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Chairman and CEO of Merck. Great company. Rob Davis. $9 billion. Thank you very much, Rob.
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Chairman and CEO of Abbott. Robert Ford. $500 million. Thank you, Robert.
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Chairman and CEO of a company called IBM. Arvind, where are you? Where are you? Thank you very much.
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That's fantastic. $150 billion. That's all? That's great. Thank you very much.
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You've done a great job. You've done a great job with that company, too. I'll tell you.
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Chairman and CEO of GE Aerospace, Larry Kulp. Larry, thank you very much, Larry.
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And Larry's investing $1 billion in manufacturing across 16 states. And with us,
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as we have the model of their F-110 engine, which I hear is like — I must tell you,
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I hear it's the hottest engine there is. You've got a — you've got a gold mine over there,
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Larry — which powers our nation's finest fighter jets and other jets. And your big engine is really
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something that I hear is beyond anything that has been produced yet. So good luck with it. And Larry,
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I think we're going to ask you to say a few words, actually. So come on up. Thank you.
00:17:33.100
Thank you, Mr. President. It's an honor to be here representing all of my colleagues at GE Aerospace.
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We are today 125 years old, but we are inventing the future of flight. Today, we power three-quarters
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of the world's commercial airlines and nearly two-thirds of the U.S. military combat jets
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and helicopters. So what you see here with the F-110 powers 70 percent of the newest Air Force F-15s
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and the F-16s. I know you were in Michigan just yesterday.
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This is the engine that will be underwing on the F-15EX Eagle II that the Michigan Air National Guard
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will soon be flying. We're excited about what's happening in our company. We're investing a billion
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dollars this year, as the President said, across 16 states, not only in our manufacturing footprint,
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but with so many of the small and mid-sized businesses that constitute our supply chain.
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There's a lot happening. We're excited about it. Mr. President, thank you for what you're doing,
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not only to revitalize U.S. manufacturing, but helping ensure that the U.S. aerospace industry,
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one of our biggest net exporters, continues to lead the world in innovation. Thank you. Thank you.
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And he has done a really great job. You were — you took over a slightly troubled company,
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and now you've made it hot as a pistol. So that's really an amazing job you've done in a short period
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of time. Also with us is Chairman and CEO of SoftBank Masa. Where's Masa? Masa. Come on up here, Masa.
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Masa has pledged $200 billion, plus another $500 billion with Oracle and OpenAI for a total of $700
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Masa has pledged $200 billion, plus another $500 billion with Oracle and OpenAI for a total of $700 billion. Thank you, Masa. Come on up, please.
00:19:29.660
Well, first time of Trump's administration, we made an announcement, commitment, $50 billion. We delivered $70 billion over four years last time.
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This time, I tried to commit $100 billion, and President Trump said, oh, Masa, go for more.
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So we did that $200 billion commitment. And then right after that, we, SoftBank, OpenAI, Oracle, and MGX together, we announced $500 billion investment.
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This is the largest investment for infrastructure in the United States, investment. And I think this is more than the scale.
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The importance is, this is the largest infrastructure for the AI, which is the future of mankind, I believe.
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It's going to change every industry, every way of how our mankind's lifestyle of the future.
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I am committed. U.S. is the center of innovation. U.S. must continue the leadership of AI. Thank you very much.
00:20:59.980
Been a friend of mine for a long time. These guys are a mover.
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Well, you got to say, you are really something. That's great. We appreciate it, too.
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Tim Cook from Apple is pledging, not only pledging, is committed to $500 billion.
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They're going to build plants all over the country.
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Seven or eight different states. They've already started.
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And so I want to thank Tim. That's such a big investment for
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somebody that, you know, had them pretty much in one location, as you know.
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Now they're coming into the United States, I believe, because of the
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So that's Apple for $500 billion. And one of the most brilliant men that you'll ever meet,
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the man that's done in a short period of time something that is incredible.
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He's the founder, CEO, and president of NVIDIA.
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Jensen Wang, he's producing up to $500 billion over the next four years to manufacture the most
00:22:04.460
powerful AI chips entirely in the USA for the first time ever.
00:22:10.060
Jensen, would you come up and say a few words? This is a smart cookie.
00:22:15.980
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Thank you, Mr. President. It's a great honor to be here.
00:25:02.860
NVIDIA reinvented computing for the first time after 60 years. In fact,
00:25:08.300
everyone at IBM knows quite well that the computer has largely been the same since the 60s.
00:25:15.420
The IBM System 360 described really quite perfectly the computer that we use today.
00:25:21.980
Central processing units, operating systems, the separation of hardware and software,
00:25:26.620
I.O. subsystems, multitasking. All of the words that we use to describe computers today were really
00:25:31.660
invented in 1964, the year after my birth. Well, after all this time, we've reinvented computers again.
00:25:38.620
This is what a processor looks like. It's on the right there. People say it's a GPU. That's one GPU unit,
00:25:46.940
and it's 70 pounds, 60,000 parts, 10,000 watts. In order to manufacture it requires
00:25:55.820
probably a couple of hundred companies in the supply chain. It is so heavy that it requires robotics to do.
00:26:03.020
It's so precise. And just to test a supercomputer requires a supercomputer. And we're going to build
00:26:11.820
NVIDIA's technology, the next generation of that, all here in the United States. Without the
00:26:17.580
President's leadership, his policies, his support, and very importantly, his strong encouragement.
00:26:27.100
And I mean a strong encouragement. Frankly, manufacturing in the United States wouldn't
00:26:35.180
have accelerated to this pace. Manufacturing isn't about low-cost labor anymore. Manufacturing
00:26:42.060
is about technology. And most of the factories that build these systems today are the most advanced
00:26:49.580
factories in the future. And we're going to use artificial intelligence and robotics and omniverse
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digital twin technology to make it possible for us to create the factories of the future.
00:26:59.180
And we ought to build it right here. The real amazing thing is that this computer is the engine
00:27:08.540
of a whole new industry. And this new industry is called artificial intelligence. And this new industry
00:27:13.820
is a manufacturing industry in itself. That's a factory machine. Just as several hundred years ago,
00:27:21.580
the dynamo was invented. Water would come in and electricity would come out. Now electricity goes
00:27:27.820
into this machine and incredible tokens come out. Artificial intelligence. In order for this industry
00:27:33.980
to thrive, we need to build these systems, of course. But we also need a progressive growth and industry
00:27:41.820
oriented energy policy, which this President has really put his weight behind. I really appreciate that.
00:27:47.740
Without energy, we can't possibly have new growth industries. And we now have the backing of the
00:27:54.300
administration, the backing of President Trump to support the creation of a whole new industry.
00:28:01.180
This industry is going to enable a whole bunch of other industries. What we now call the AI
00:28:05.340
infrastructure is going to revolutionize every industry that we know. All of the many CEOs in the room
00:28:11.980
today are great partners of ours for that reason. We're working on artificial intelligence for many
00:28:17.660
industries, from healthcare to drug discovery to life sciences, financial services, education,
00:28:24.060
so many different industries. And that's going to be possible because we have the fundamental
00:28:28.140
infrastructure here in the United States. And so I want to thank you, sir, for everything that you've done
00:28:32.540
and the strong encouragement and the great policies that make it possible for us. Thank you, sir.
00:28:46.380
Another brilliant man. You know, we have brilliant people here. And we like brilliant people,
00:28:53.660
actually. But we have a lot of brilliant people in this group. And it's an honor to be with you. Past
00:28:59.180
100 days have been fighting to reclaim our jobs and bring our country back to a level that it's never
00:29:06.380
seen before. And again, renew the American dream, which is what we're doing. We have tremendous spirit.
00:29:14.380
I don't know if you've heard, but it's become really quite a story. I see Pete's right over here,
00:29:20.140
Secretary of Defense. We have the largest number of new enlistees or people enlisting in the military
00:29:28.940
forces that we've ever had. And if you remember six months ago, we couldn't get anybody to sign up.
00:29:35.340
That's a big turn in a very short period of time. And November 5th had a lot to do with that. And
00:29:42.460
our Secretary of Defense and a lot of the people that you see sitting here really had a lot to do
00:29:47.020
with that. There's great spirit. I can say that also with the police forces throughout the country.
00:29:51.980
We're having a hard time filling them up. It's a dangerous job. But now we have waiting lists at
00:29:58.700
almost every place. And that's an amazing accomplishment when you think it's amazing.
00:30:10.300
And when I first came here, you remember just three months ago,
00:30:14.620
I came in and they started screaming. The fake news was screaming. They were going crazy about eggs.
00:30:21.660
I don't know about eggs. What's with eggs? Tell me.
00:30:24.460
They said, their cost is up 50 percent and you won't have them for Easter.
00:30:30.460
I said, well, I'll have to get onto it. But this isn't my problem. This is Biden's problem.
00:30:34.060
I've only been here for four days. They're screaming at me about eggs like it was my fault.
00:30:39.100
I just got here. Didn't know anything about it. We got it taken care of and eggs dropped.
00:30:44.620
87 percent in the last short period of time. And everybody had eggs for Easter. In fact,
00:30:50.300
we had a big Easter egg hunt on the lawns. We had 44,000 — 48,000 people actually came.
00:30:56.140
And we had a lot of eggs. I don't know how many, but there were a lot. We didn't use plastic. They
00:30:59.900
said, could you use plastic eggs? This is in early January. And I see our Secretary of Agriculture is here.
00:31:06.380
Would you stand up? You did a great job. You got me out of a lot of trouble. Brooke Rollins.
00:31:11.260
She got me out of a lot because they were trying to blame me for eggs,
00:31:16.780
and I didn't know anything about it yet. Explain it to me. But we had plenty of eggs, Brooke, right,
00:31:21.820
for Easter. There was no dearth. And we have another man in the audience who's maybe the most
00:31:29.020
important man in the room because he's the head of the Environmental Protection Agency, meaning he's the
00:31:34.300
one that approves all your plants. And when Jensen and some of the others came in about — numerous of
00:31:41.900
the others, especially having to do with AI — they came in. I learned a lot. At number one,
00:31:48.780
I learned we need double the electricity that we have right now for the whole country. And really,
00:31:53.260
more than that — I mean, two times would be even better. It was like unlimited thirst for electricity.
00:31:59.740
And at first, I said, you know, how is that possible? But that's — whatever it is, it's
00:32:06.220
possible. That machine that you say you can barely lift is — I guess it sucks up a lot of — a lot of
00:32:12.060
energy. But we — we need more than double what we have right now. So you take all of the energy,
00:32:18.780
even the energy in this beautiful, incredible — it's just the greatest — I mean, no matter — I don't
00:32:23.740
care where you come from with your $50 billion plant, the White House is the White House, right?
00:32:29.180
You got to see in the Oval Office. If you want to take a trip down to the Oval Office, any of you,
00:32:33.500
you come down with me. I'll show you a beautiful office. It'll blow your beautiful offices away.
00:32:38.300
They'll stop and they'll say — for a lot of other reasons. But it is — it's a beautiful place. And if
00:32:43.660
you want to — I'm serious — you can do that. But I told Jensen, I told Tim, I told
00:32:49.900
everybody that's building these very big, incredible plants — really, plants of the future — they were
00:32:56.620
talking about hooking into the grid. I said, well, you know, the grid is old, and yet it's subject to
00:33:02.300
mishap. Things can happen, including storms, and much worse than storms. And if you want, I'll let you
00:33:09.500
build your own utility plant, your own electric plant, along with your building. You can build it
00:33:15.100
inside of the plant, or you can build it outside of the plant. And I went to Lee Zeldin, right here,
00:33:21.500
and I said, Lee, we got to get fast approvals for these people. You know, they're going to do the
00:33:26.380
best job. They're going to have the best — the best engineers, the best everything. We'd like to have
00:33:30.780
them build their electric for them. They don't have to go outside. You become a utility. You become a
00:33:37.260
great producer of electric. And if you have any extra, you put it back into the grid if you want, or you
00:33:42.620
sell it back in. But you're going to be able to build. So this way, we don't have to worry about,
00:33:47.260
do we have enough? Because if you look at California, they have brownouts, blackouts,
00:33:51.580
and everything else. They don't know what the hell they're doing. The governor doesn't have a clue.
00:33:55.900
But the last thing you want to do is be hooking up to the California grid,
00:34:00.300
so that we can go in and you'll say, gee, we have to close down the factory for a couple of days.
00:34:04.460
We have a little brownout going on. So you're going to be able to build your own — your own plant,
00:34:10.780
and produce as much electric as your beautiful hearts desire. And that'll be something that
00:34:17.260
nobody's done before. And we're going to ask Lee to get those approved very quickly. And
00:34:23.260
he'll get it approved before you can even imagine. He's great. He's great. He knows the difference.
00:34:29.740
You know, you can take years to get those approved. I would say, previous to us, it would be years and
00:34:35.500
years. Or you could take weeks to get them approved, and it'll be just as good. But they
00:34:40.700
don't play games. And they're going to get it done, and they'll get it done very quickly. So that's
00:34:44.380
going to be a big help, because you're going to have unlimited energy, unlimited electricity.
00:34:50.140
And I think it's going to really — we want to stay number one. We're number one right now by a lot.
00:34:56.300
I will say this. If I didn't get elected, I would say, get out of the AI business fast.
00:35:01.820
Get out of all business fast, probably. Maybe get out of the country fast, because this country
00:35:05.820
was heading in the wrong direction. But now it's heading in the right direction. I think it's —
00:35:10.060
I think it's the most consequential hundred days in the history of our country in certain ways.
00:35:14.700
We had an editorial for some — from a group that normally wouldn't give good editorials to people
00:35:22.380
like me. And they said he's the most consequential president because of what he's doing with
00:35:28.460
all of these policies that you're reading about, long beyond the electricity and the plants,
00:35:32.940
having to do with many other things, like secure borders and all of the many, many things.
00:35:39.260
I could — I could go down and name them. We're going to — we're going to be getting tremendous
00:35:45.820
amounts of drug and pharmaceutical companies going to be pouring into the country. They're going to have
00:35:50.940
to. They're going to have to. And we're going to give them a lot of time to do it. But after that,
00:35:55.660
there's going to be a tariff wall put up. And they won't be happy about it. But they'll be happy if
00:36:00.860
they start building right now. Right now, it's going to be built. And after a certain period of
00:36:06.700
time, it's going to get tougher, tougher, tougher. And then it's going to be real hard to do business
00:36:10.620
in this country. So for the pharmaceutical companies, chip companies — a lot of — a lot of different
00:36:15.820
companies — we're — we're all set to really grow. Groceries are down. The grocery prices are down.
00:36:24.940
Gasoline prices are down. We had some gasoline selling for $1.98 a gallon just recently in three
00:36:33.660
different states over the last two days. It was at $4. And it was higher than that in some place.
00:36:42.380
It was over $5. We have it way down. Energy prices are down all over the country. Mortgage rates are
00:36:49.100
actually down slightly, even though I have a guy in the Fed that I'm not a huge fan of. But that's all right.
00:36:54.140
These are minor details. Don't tell him I said that, please. As the cameras rock and roll back
00:36:59.420
there. No, I'm just — I mean, he should reduce the — he should reduce interest rates.
00:37:03.980
I think I understand interest a lot better than him, because I've had to really use interest rates.
00:37:09.820
But we should have interest rates go down. It would be positive. But it's not going to matter that much,
00:37:16.620
because ultimately, what we're creating has much more to do with other things than
00:37:21.900
it does just pure interest rates. But it would be nice for people wanting to buy homes and things.
00:37:27.900
Prescript — the prescription drug prices just saw the largest monthly decline ever recorded.
00:37:34.700
So, David, I'm having a little bit of an impact, at least on you, as I just browbeat. I browbeat this
00:37:40.300
guy. He's got the nice — he looks like he's 25 years old. He has this massive company, Eli Lilly.
00:37:47.500
And it has no impact on him whatsoever. But I just see this number just came out. It's the largest
00:37:53.900
monthly decline ever recorded. Yeah, but it's probably about 2 percent. You know, they did that to make
00:37:59.660
we feel a little bit better. But I appreciate it. We have achieved the lowest number of illegal
00:38:05.180
border crossings in U.S. history. And we're at a level that nobody thought we could get to in two
00:38:11.180
years, let alone a couple of months. And I think Kristi Noem is here someplace. Where is Kristi?
00:38:16.140
She's here. Stand up, Kristi. And Tom Holman. And I see Linda. Stand up, Linda. You're doing so good.
00:38:27.660
Education. We're bringing education back to the States, where it belongs.
00:38:34.780
And she's been incredible. She's very upset with Harvard. They have $53 billion in a fund,
00:38:42.060
and yet they want more grants. And it looks like we're not going to be giving them any more grants.
00:38:46.380
Right, Linda? And, you know, a grant is at our discretion. And they're really not behaving well.
00:38:53.420
So it's too bad. But our country is roaring like never before. Nobody's ever really seen anything
00:38:59.500
like this. And again, the big thing is whether it's $8 trillion or even more than that, by the end
00:39:05.740
of the year, it could be a number that would be — I think it's already — there's never been anything
00:39:10.220
like it. But this is in a period of a couple of months. I think by the end of the year, the numbers
00:39:16.540
will be just staggering. It's really — it's really going to be something very special. And I'm very
00:39:21.820
honored to be with you. And I'd ask if anybody has any questions, please. You — this is your time.
00:39:27.260
This is your time. You'll be live on television, all the fake news back there.
00:39:32.460
Now that — that'll keep them down, right? That's the way to keep them down. Unless — they're bad people,
00:39:38.220
in which case — unless they want to make some news. Would anybody have any questions? Anybody?
00:39:42.940
Business leaders? You want to know anything about depreciation? No? I love it. We've done such a good
00:39:49.420
job, we don't have to take — would — Howard, would you like to say a couple of words, please?
00:40:02.460
The President talks about $8 trillion coming into America. And there's only one reason it's coming in.
00:40:09.660
It's because he's finally set an industrial policy for the United States of America. We are the greatest
00:40:17.420
economy in the world. We finally have a president who understands that we need to re-industrialize.
00:40:23.340
We need to be made in America, made in the USA. And you feel it. You feel it with these leaders.
00:40:30.060
You feel it across all your peers. Everyone feels it. It's coming back to America. And we are going to be
00:40:36.300
rocking. So, thank you, sir. The President's great job.
00:40:42.220
So, thank you very much, everybody. And for the business leaders, if any of you would like to come
00:40:46.940
down to the Oval and say hello, if you've never seen it. If you have seen it, just go home and enjoy
00:40:50.860
your lives, count your money. But if you'd like to come down, I'm heading down there now. And again,
00:40:55.900
thank you very much, everybody. Pam, you're doing a fantastic job. You're doing a fantastic job. Thank you very
00:41:08.060
The entire cabinet stuck around with life in the cabinet one day, which is quite historic.
00:41:28.780
President Trump going around the room on the cabinet meeting for his 100th day and just had tremendous
00:41:34.780
feedback and great information from the cabinet officials. You're here at the War Room. It is
00:41:40.620
Wednesday, 30 April, Year of Alert 2025. Do I have DC Drano? Is DC Drano with us? Okay, here's what we're
00:41:47.340
going to do. He's up. He's ready to go. Okay, fine. We're going to get DC Drano here in a moment.
00:41:53.660
President talked about exactly what we've been talking with DC Drano about,
00:41:59.500
habeas corpus and implementing one of his policies. Today, the president at the cabinet meeting
00:42:08.380
summarized, I think, pretty succinctly where we've been in 100 days. He went around the table. It was
00:42:13.580
pretty extraordinary, the action items people are talking about. Then he had to open, I mean,
00:42:17.820
the cabinet meeting had to go a couple of hours. President Trump disintermediating
00:42:22.460
the mainstream media so you can get there and get it live. That's why Real America's Voice
00:42:26.220
in the War Room. We're trying to get as much of this live as possible so that you can see it. It's
00:42:33.580
just pretty extraordinary to have that kind of access. Right there, he gave a talk. You couldn't
00:42:41.180
see who was in the audience totally, but it was a who's who of the Fortune 500. I mean, he had NVIDIA
00:42:48.060
there. He had Eli Lilly there. He had all the big drug manufacturers, big tech companies. Masasan
00:42:54.700
from SoftBank, one of my favorites. He's there. He's the guy in the back of putting 500 billion
00:42:59.820
dollars into one of the AI coordinating companies, I guess they're called the data center companies.
00:43:05.900
So, so much going on in the present. Once more, more and more commitments of, more and more commitments
00:43:12.300
of, um, of folks, um, of folks making commitments to bring jobs back here to the United States
00:43:17.820
today. And I, you know, I talked to Navarro and we've got a clip from him. Maybe we can play later
00:43:22.700
in the six o'clock hour. We're also going to try to get Edward or Bolsonaro is in town. He's in town.
00:43:28.700
He's going to come by today and be, um, and be there at, uh, and be here for the six o'clock hour.
00:43:33.980
We have a lot to go through. But I talked to Navarro. If you really deconstruct these numbers,
00:43:38.700
the first quarter number is not really down. You got to back a bunch of stuff out of it to get
00:43:42.940
to the real GDP. Peter went on squawk today at 9 30 to do that. That's where the markets didn't
00:43:48.700
overreact to this thing. It was a little bit down at the beginning, but then they realized
00:43:52.780
a lot of these were just accounting and bookkeeping issues, uh, related, uh, related to GDP. So nobody,
00:43:59.100
nobody really cared. Of course, the mainstream media tried to make another mountain of a molehill,
00:44:03.180
but not to worry. Uh, it was not, uh, that importance, huge news for the war room posse.
00:44:08.860
In fact, I told Mike Davis, he was going to start the show with us. Um, I've told Mike,
00:44:13.820
Mike, let's do it tomorrow. But if you remember the other day on the day that Amazon came after
00:44:20.620
president Trump by saying, Hey, we're going to put the, we're going to put the tariffs up
00:44:23.420
there in a special kind of box so people can see it. And, uh, and of course the war room posse
00:44:28.700
in the white house had to back that off. President Trump actually talked to Bezos one-on-one
00:44:32.540
and they dropped it on that same day. It was, uh, brought to our attention by many people that
00:44:38.700
are in kind of the antitrust, uh, movement. Uh, and Mike Davis came to us and sat over on Capitol
00:44:44.780
Hill inside this massive, the one big, beautiful bill. And you're going to get a lot of this in
00:44:49.340
this one big, beautiful bill. You're going to really have to, we're going to have to deconstruct
00:44:52.460
it for you. In that bill was Jim Jordan and his team over there was trying to get rid of the FTC.
00:44:57.660
And one of the reasons to get rid of the federal trade commission is because they're the guys
00:45:03.180
coming after Facebook and Facebook's a big sponsor of Capitol Hill. This is how the system works.
00:45:07.980
This is how the swamp works. You went to article three, uh, project, you download the app. You've,
00:45:14.460
you've got, uh, your, uh, bill blaster, uh, Grace Chung and the team there have built that.
00:45:19.340
Everybody went to Capitol Hill and inundated people blew their phones up and said, absolutely no way.
00:45:25.260
We don't want to get rid of the FTC. We like the fact that president Trump has put together
00:45:29.580
an incredible team, an incredible team of antitrust types. Uh, they're like Elliot Ness
00:45:34.620
and the untouchables. We want to break up the oligarchs. We do not want to be like Bernie
00:45:38.540
Sanders. We do not want to be like AOC. We just want to talk about breaking up oligarchs. We want
00:45:43.660
to do it today, folks, a huge victory. This is after I think 24, 48 hours. It's announced up on Capitol
00:45:52.780
Hill. Guess who that got pulled out of the reconciliation bill? The, what's called the
00:45:56.700
one agency, uh, the one agency, a move they tried to make to try to combine everything to an agency
00:46:02.300
and then nobody would focus on anything. That's gone. You're still going to have an FTC and you're
00:46:07.020
still going to have an FCC. And people say, well, Steve, you're trying to deconstruct the
00:46:09.900
administrative state. We are, you got to do it smartly, but you still need some regulatory apparatus
00:46:17.180
to keep these oligarchs on Wall Street and in, um, Wall Street and, um, and in Silicon Valley
00:46:24.460
and the global corporatists, uh, to, you know, make sure that they're not out of control because
00:46:28.940
otherwise they're going to get out of control. Mike Davis is going to be with us tomorrow
00:46:31.260
morning. We'll go into more detail, but huge, huge, huge win for the war and posse and the article
00:46:37.420
three crowd right off the bat. Also speaker of the house, Mike Johnson's over at Axios right now,
00:46:43.180
you know, all of these kind of, um, media groups and, and, and, and, you know, some of four access,
00:46:48.460
all these, one of the things they do is they put on these conferences. You get all the top people
00:46:52.780
over there. You get the, the top, um, you know, corporate guys coming in this. I spoke to at the
00:46:57.420
summer for thing, uh, last week, Mike Johnson, speaker of the house is over at, uh, Axios.
00:47:02.620
And the first thing they asked him, they say, Hey, look, you know, you got, uh, Besson coming out
00:47:06.780
and say July 4th, you got Thune saying sometime in the summer, you're saying it's going to be
00:47:11.180
May is, you know, what's going on here. Are you going to put yours out first? They're going to
00:47:15.020
respond. Are they working on their own? It's kind of confusing. And in that, and I want to give a
00:47:20.140
hat tip to Senator Ron Johnson, Senator Ron Johnson came out a little while ago and, uh,
00:47:25.180
Grace and Mo, I don't know if you had my, I think I got it up on getter. If you can push it out,
00:47:29.260
he put up on 20, say, Hey, look, I've kind of looked at this thing. He says, let me be honest to get
00:47:33.740
my vote and they're going to need his vote. Get my vote. I need 5 trillion in cuts. And I also think he
00:47:40.540
said, this thing's not going to happen through the summer. He says they're just at the very
00:47:43.900
beginning of it. And he doesn't even see how the thing gets passed right now. And Ron Johnson,
00:47:49.420
you know, love him or hate him. He's a pretty straight shooter. He said, Hey, I'm a seat in
00:47:53.980
five tree and not a phony. Oh, let's go out to your nine and 10. And you know, we'll cut,
00:47:59.340
you know, we'll cut two and a half each year. Then he's a pretty straight shirt. He says,
00:48:04.300
I need $5 trillion of real cuts. And I don't think to see this thing happening is DC Drano was,
00:48:10.780
I think we're just going to wait through the break. Cause I got a great cold DC Drano doing
00:48:15.260
God's work. The president of the United States kind of agreed with DC today said, Hey, I got a couple
00:48:21.900
of tools in the toolbox. I may have to use some of these tools as the judicial insurrection steps
00:48:28.380
up and tries to shut down president Trump. Okay. We're going to, we're going to reorganize the show.
00:48:32.060
We had a, um, something very special. We were going to do for, um, that we were going to do for
00:48:39.180
the, um, the 50th, uh, commemoration of, uh, the end of the Vietnam war, uh, 50 years ago today,
00:48:47.340
uh, the American withdrawal from Vietnam. Uh, we've done a very, we did something special
00:48:52.060
this morning, even more special, I think this afternoon we'll see. Uh, but we're going to do
00:48:55.900
that in a six o'clock hour. I want everybody to stick around. We're gonna take a short commercial
00:48:59.580
break. I want to thank Birch Gold. This is the road to the Rio reset on July 6th in Rio de Janeiro,
00:49:08.300
Brazil. There's going to be an incredibly important meeting of the BRICS nation. Now,
00:49:13.340
if you say that to most people in the country, go, what the hell is he talking about making
00:49:15.980
BRICS? No, the war room posse knows what it means and knows it's going to be important.
00:49:21.660
Birchgold.com slash Bannon, the end of the dollar empire. Go there, get all six free installments.
00:49:28.460
Get smart today. Talk to Philip Patrick and the team, the road to Rio, as we run up to the BRICS
00:49:35.340
nation's de-dollarization program. Health isn't just a personal issue. It's a family issue,
00:49:42.380
a community issue. We're living in unpredictable times. Supply chains can break down. Hospitals can get
00:49:48.060
overwhelmed and let's not even start on the natural disasters. These aren't hypotheticals.
00:49:53.020
They're happening. You see it here in the war room and we all know it. The question is simply,
00:49:57.900
are you ready? That's where Jace comes in. This isn't just a kid. This is a Jace case.
00:50:05.500
It's a lifeline. It's a personal supply of prescribed emergency medications that puts the power back in your
00:50:13.260
hands, whether it's an unexpected illness or a global disruption of supply chains. You can act
00:50:19.100
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00:50:46.380
Last night in your speech in the conference, we're facing an unprecedented situation where
00:50:50.380
there's a lot of abuses of nationwide injunctions. So we're seemingly designed to curtail your power,
00:50:57.500
specifically when it comes to deporting these illegal, violent aliens that came in under the
00:51:02.140
previous administration. Have you spoken to your team about ways to mitigate this and continue to
00:51:06.540
deliver? Yeah. Well, there are ways to mitigate it. And there's some very strong ways. There's
00:51:12.060
one way that's been used by three very highly respected presidents, but we hope we don't have
00:51:16.700
to go that route. But there is one way that has been used very successfully by three presidents,
00:51:22.860
all highly respected. And hopefully we don't have to go that way. But there are ways of mitigating that.
00:51:29.340
I want to thank you all very much. Three highly respected presidents of the United States. Who's
00:51:35.340
who would those be? Let me tell you, Abraham Lincoln, Ulysses S. Grant and FDR. Not a bad lineup.
00:51:44.700
DC Drano, you're the one that got this ball rolling, sir. What's the president of the United
00:51:48.140
States talking about right there, sir? Well, I can't help but think he's talking about suspending the
00:51:54.540
writ of habeas corpus, which is something you and I have been discussing on the show. This is
00:51:59.500
probably the third time in the last week. But it's kind of surreal that this went from tweet
00:52:04.380
to war room hit, to White House press briefing, to coming out of the president's mouth all in less
00:52:09.580
than a week. And this is not a typical policy idea. This would be something historic. But this shows the
00:52:16.220
power of free speech. This shows the power of the war room posse. And this shows the power of good
00:52:21.820
ideas. And so if you have good ideas, put them out there because you never know. A week later,
00:52:26.780
you could be helping shape some of our national policy. DC Drano, what is the constitutional issue?
00:52:34.060
Why is this even a topic? What is going on that's actually brought this to the forefront?
00:52:39.260
Why is the president talking about this? And why is this, in your opinion, something that could be
00:52:44.780
controversial but doable, sir? Right. So what we've seen, we've got another fresh reminder today,
00:52:50.860
a California federal judge appointed by Joe Biden, who, by the way, went to an unaccredited
00:52:56.300
law school, California, like Pacific University law, ruled that Border Patrol must now get an arrest
00:53:03.500
warrant to detain some illegal aliens. That's absolutely crazy. Right now, it's just a reasonable
00:53:10.460
suspicion standard. We have, you know, it's one of the carve outs to getting arrested is if you're on,
00:53:18.060
you know, you're enforcing border laws, right? Hey, I got this guy crossing the border. Let me call
00:53:23.100
a judge and see if I can get a warrant for these hundreds, thousands of people. It's crazy. It's
00:53:28.540
completely bananas. But the judges are engaging in effectively a coup. A bunch of Biden leftist
00:53:35.900
judges are trying to, are actually infringing on the presidency's Article II executive powers to
00:53:43.420
protect our borders, to deport illegals and enforce the laws. We clearly see they're engaged in this type
00:53:50.460
of coup. And so what can President Trump do besides ignoring these orders? We don't want to go down that
00:53:57.660
path. He has a constitutional power under Article I, Section 9, to suspend the writ of habeas corpus,
00:54:03.900
which has been done, as he cited, as we have discussed, by three of our top presidents.
00:54:09.820
And you can do this only for illegal aliens. We're not suspending the writ for American citizens like
00:54:16.620
those other three historic presidents did. Trump would be doing this only for illegal aliens. And I
00:54:22.300
have to think that this would age very well. In the history books, you'd look back, it would say,
00:54:27.020
under Joe Biden, we had over 10 million illegal aliens cross the border. And under President Trump,
00:54:31.820
he responded with constitutional authority to deport all 10 million of them.
00:54:36.140
You bring up a fascinating point. Just give me a minute or two on it. The other presidents,
00:54:42.220
particularly Lincoln, these were all US citizens. President Lincoln, the writ was against US citizens.
00:54:49.100
This was during the Civil War. Talk about the big difference there. You're not advocating suspending
00:54:53.900
the writ of habeas corpus, which goes back to ancient English common law. You would not suspend it for US
00:55:01.020
citizens. This would only be for illegal aliens in the sovereign nation of the United States of America, sir.
00:55:08.700
Yeah. And this would effectively just be restoring what our immigration laws have been for decades.
00:55:15.100
Bill Clinton deported millions. Obama deported millions. They're jumping on Trump, the courts, and stopping
00:55:23.100
him from using his Article II executive powers. But here's the thing. Like you said, to delay is to deny.
00:55:29.580
All they have to do is run out the clock. Trump has three and a half years and really only a year
00:55:36.860
and a half until midterm. So we have to start doing this now. Otherwise, the base is going to soften.
00:55:42.540
They're going to say, what am I going out to vote for Republicans for if we can't do the one thing
00:55:46.460
they keep saying they're going to do, which is get rid of these illegal aliens. So it's gut check time.
00:55:51.100
It's spine check time. And even though he would be suspending the writ of habeas corpus only for
00:55:56.540
illegal aliens, again, he would just basically be bringing immigration enforcement back to neutral,
00:56:02.620
back to where it was before these far left judges started to unconstitutionally infringe on our
00:56:10.220
power on the presidency's powers and denying the American people the power of their popular vote.
00:56:16.380
That's what they're doing. The guy ran on one platform, mass deportations, and they're stopping it.
00:56:21.020
They're trying to deny us the vote. These unelected judges from unaccredited law schools
00:56:26.140
are trying to rewrite how the Constitution works. And so this is just putting it back where it belongs.
00:56:32.700
They keep saying Trump is a threat to democracy. No, they are. They're abusing judicial authority.
00:56:39.500
They arrested him four times. He almost got assassinated twice. And now they're trying to
00:56:45.740
stop him from deporting this 10 million strong illegal alien army that they welcomed into this
00:56:52.940
country. They made an iPhone app to help them get around. They flew them on planes. They used tax
00:56:59.020
dollars to put them up in New York City hotels. This was an orchestrated invasion by our government.
00:57:05.420
Guess what? Now comes the response. We rose up, we fought back, and we are going to deport these
00:57:11.180
millions of illegal aliens. From a Twitter comment by D.C. Drano to the War Room segment, to the White
00:57:21.980
House press briefing room, a question by D.C. Drano and answer by Press Secretary Caroline Lovett,
00:57:27.100
to the cabinet room in the voice of President Donald J. Trump, the 47th President of the United
00:57:32.700
States. D.C. Drano, not bad work for a week, sir. Where do people go to get into your Twitter feed
00:57:39.020
to make sure they get it first next time? D.C. underscore Drano on all the major platforms,
00:57:45.420
and Steve couldn't have done it without you in the war room posse. This thing went viral. People,
00:57:50.780
they retweeted it. They commented on it. They liked it. If it weren't for people echoing
00:57:55.260
good ideas, this wouldn't have risen to the top. So it's on us to keep it going, spread the truth
00:58:01.340
about what this is and what this isn't. They're going to say this is dictatorship. They're going
00:58:05.580
to say he's deporting Americans. No, he's not. The war room posse is armed with the facts. We have
00:58:11.420
an independent media ecosystem. Let's go out and soften the battlefield for him so that we can get
00:58:15.660
this done. It's in President Trump's toolbox. We now have confirmation. Let's make his job easier and
00:58:21.740
start educating people so the media can't spin this. Thank you, brother. It's not a good idea.
00:58:27.580
It's a great idea. Short commercial break. The right stuff's going to take us out. D.C. Drano's got it.
00:58:33.740
So is the war room posse. Short commercial break. Edward or Bolsonaro on the other side.
00:58:37.820
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