00:00The transition, sir. You frequently took credit for the stock market highs. You said it was a
00:06reflection of how well you were doing in the polls. And then after you were elected, you said the
00:11stock market highs were a reflection of how well the transition is going and the American people's
00:16confidence in your incoming administration. Now, the stock market is not doing so well,
00:21and you're saying that's the Biden stock market, yet you are the president. Can you explain that?
00:26I'm not taking credit or discredit for the stock market. I'm just saying that we inherited a mess,
00:33both at the borders. You could look at every single one of the people here, and no matter who it is,
00:39they're doing better and they are far superior to what took place for four years before us. When you
00:45look at prisoners being allowed to come into our country at will, just at will, people from mental
00:53institutions, gang members, drug dealers. When you look at that, what they've done to our country,
00:58and also having to do with finance, look at what happened with inflation. We had the worst inflation
01:04probably in the history of our country. They say 48 years, but I would say in the history of our
01:09country, it ate away at people. And even though you saw a stock market going up somewhat, because in my
01:15case, I had the biggest stock market increase, 88 percent in the last term, in my last term.
01:20But I don't view the stock market as the end of it. It's an indicator. But what the stock market
01:26really tells you, and what you, when you look at the stock market in this case, is it says how bad
01:31a situation we inherited. I took place, this is a quarter that we looked at today. And I took,
01:38we took all of us together. We came in on January 20th. So this is Biden. And you can even say the next
01:46quarter is sort of, because it doesn't just happen on a daily or an hourly basis. But we're turning
01:52it around. It's a big ship to turn around. And we're going to have the greatest country financially
01:56in the history of the world, I believe. I think we're going to do things that,
01:59and we had to do it. We reset the table. We were being ripped off by every single country with
02:06just about, without exception. I can, I'd have to really think hard for who hasn't taken advantage.
02:13And I don't even blame those countries. I blame the person that was sitting right here where I am
02:17for allowing it to happen, where our country was ripped off on trade hundreds of billions of dollars.
02:24And now we're doing better than we've done in a long time. You know, we were losing four to five
02:29to even six billion dollars a day on trade with Biden. And now we have it down to a very manageable
02:38number. And the tariffs, for the most part, haven't even kicked in yet. So that's the way stock markets
02:45to me are an indication. But the big indication is what's happening. And the people around the table
02:50know what's happening.
02:51You know, that's what we're doing.
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