00:00I thought it was great, but then I did something much better, and this is what you have to run on.
00:05And I was so proud, I called a news conference to announce that drug prices have gone down for the first time in many years.
00:13And I thought it was great, but then I did something much better, and this is what you have to run on.
00:18Down below 2%, think of that, and gas price.
00:22We're going to get the drug prices down, not 30 or 40%, which would be great, not 50 or 60, no.
00:28We're going to get them down 1,000%, 600%, 500%, 1,500%, numbers that are not even thought to be achievable because I've used a certain talent that I have and convinced the drug companies that you have no choice.
00:49The drug companies were selling drugs, same company, in Europe and other places, based on what Europe told them to sell them at.
01:00And they said, let America pick up the difference, and I wouldn't let it happen.
01:04She's very respected too, Chris.
01:06You know that.
01:06She's doing a fantastic job.
01:09So I invoked what's called a favored nation's provision so that we will pay the same price as the lowest nation anywhere in the world.
01:18And drugs will come down, like from, as an example, $1,300 in the case I gave you.
01:26They'll come down from $1,300.
01:28Now, in the world, they'll go up a little bit, not as much as you think, because the world is bigger than the United States in terms of population, as you probably know.
01:38But it will go up, and maybe it'll go up instead of $88 or $90, it will go up to $110 or $120 or $140.
01:48But we're going to come down to $140.
01:50So you're going to have it coming down from $1,300 to $140, $150, $160.
01:57What difference?
01:57I mean, somewhere big.
01:59And it'll be, you know, serious.
02:02It'll be numbers that nobody can even imagine.
02:04A little bit, we had actually one period speaker where we had one.
02:09In other words, we were ahead of them.
02:10That's going to have a huge impact on Medicaid, Medicare, even Social Security.
02:15It's going to have a huge impact on everything.
02:18Everything that you did, bipartisan.
02:20On July 3rd, you passed the...
02:22But think of what we've done.
02:24Prices are all down.
02:25I don't think there's any price other than we have a real terrible, terrible head of the Fed.
02:31And if he brought down interest...
02:34You know, in Europe, the European Union, they've lowered their interest rate now 11 times.
02:40And we haven't lowered ours at all.
02:42He's a stiff.
02:43He's a knucklehead.
02:44And I was very nice to him at the beginning because I know how to sell.
02:48And, you know, at a certain point, it didn't matter anymore because the guy is just not a smart person.
02:54Shouldn't have been there.
02:55And I blame myself, in a way, for that.
02:57But I blame Biden for extending.
03:00I was surprised that they extended him, but they did.
03:03I think they extended him because they knew how much I couldn't stand him.
03:06So they did it for that reason.
03:08And he did lower the rate before the election two or three times.
03:13It's the only time he's really acted like that.
03:16But, no, he's a bad job.
03:17And he's hurting people.
03:19He's hurting people that can't get houses because they don't have mortgages.
03:22And I don't know if he knows it or not.
03:25He's either evil or stupid.
03:26And either is really not acceptable.
03:28But he's not doing a good job.
03:31And...
03:32But he's only going to be there for a short while.
