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Forbes Breaking News
  • 4 months ago
At an Oval Office event on Tuesday, President Trump was asked about the housing crisis in the United States.
Transcript
00:00to get to work.
00:00And I've got a holiday question, if you could, just for a second, Mr. President.
00:03Yeah, please.
00:04Owning a home and going about the American dream,
00:07it seems like it's out of touch for a lot of Americans.
00:09Just recently, you pushed out a statement about addressing an emergency housing situation.
00:14That's right, we're thinking about doing that.
00:16Yeah, can you just...
00:16Well, we need a little help from the Fed.
00:18We have a man named Jerome Too Late Powell.
00:22You probably heard of him.
00:23He's too late.
00:24Way too late.
00:25And the economy is so strong that it's pushing through that.
00:29Normally, it would have been much tougher.
00:31But we're doing so well that we're pushing through it.
00:34But it makes it very hard for people to get mortgages because too late is too late.
00:38Very simple.
00:39He's too late.
00:40And probably political, whatever.
00:43He wasn't too late before the election.
00:44Before the election, he was cutting rates, right?
00:47Because he was hoping that, I guess, Biden would get in or that Kamala would...
00:51He was a big Biden guy.
00:53Explain that one.
00:54And then he was a Kamala person.
00:56But he was hoping, I guess, she'd win.
00:58I guess.
00:59I don't know.
00:59It didn't work out too well.
01:01But, yeah, we need a very serious cut.
01:05You know, I think that if you look back many decades ago, the United States was always the
01:11lowest, even if they were doing badly.
01:13The United States was...
01:14Because without the United States, everything in the world would die.
01:17It's true.
01:18It's so powerful.
01:19It's so big.
01:20And I made it really big in the first four years.
01:24Then it started to degenerate with what this Biden administration did.
01:29But we built it up to a level that I never thought we could be at this quickly.
01:33We're the hottest.
01:34We're the best.
01:34We're the best financially.
01:36The money coming in is so big because of tariffs.
01:38And other things, but because of tariffs.
01:40Tariff gets us even those other things.
01:42Plus, it gets us great negotiators.
01:44I settled seven wars, and numerous of those wars were because of trade, and numerous of
01:50the trade deals that I made were because of tariffs.
01:53It gives you a great negotiating ability.
01:55If that ability were taken away from us by a liberal court acting on essentially foreign
02:01nations asking to get help from the United States government, when they've been doing
02:07this to us for 40 years, that's why we have $38 trillion in debt.
02:14We won't have it for long if they let us, if they allow us to do what everybody knows we
02:20should be able to do.
02:22Yeah, please.
02:22Mr. President, another.
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