00:00Well, thank you very much, everybody.
00:02We have an extremely respected man in the Oval Office today,
00:08and a friend of mine for a long time, a very good friend of mine.
00:13I'm very proud of the job he's done.
00:15What he's done is incredible in terms of human rights and everything else.
00:19And he's the Crown Prince, the future king,
00:23and I just want to pay my greatest respect to your father,
00:28King, who is an amazing man.
00:30I met him early on.
00:32He greeted me at the airport at an age that was pretty high up there,
00:36and it was about 117 degrees,
00:38and he was standing on the red carpet as I came out of the plane.
00:41And he's amazing.
00:45And when I met his brilliant son, who was at the Oval Office,
00:49shortly thereafter, you came in representing the country,
00:52and I called the father.
00:54I said, this guy is fantastic.
00:56And I don't know if that helped you or hurt you,
00:59but obviously it couldn't have hurt too much,
01:00because here you are, right?
01:03But we had a great meeting,
01:04and the office has changed quite a bit,
01:07and we inherited a mess.
01:09You actually told me you thought the country was in big trouble.
01:13I'm not going to use the exact word that you used.
01:15I refuse to say that you thought our country was dead
01:18a year and a half, two years ago,
01:20but a country was in trouble,
01:22and now we have the hottest country in the world.
01:23You said that also, and we do.
01:26We have the United States is right now
01:28the hottest country in the world.
01:30And between the tariffs and the election,
01:33November 5th election,
01:35we've done things that nobody can believe.
01:39$21 trillion will be the amount invested in the United States
01:44or committed to invest in one year.
01:48So I'm here nine months,
01:49so we're up to almost $18 trillion.
01:52Biden, as an example,
01:54the Biden administration,
01:55if you call it that,
01:56it's not, to me,
01:56it was the Biden lack of administration.
02:00There were less than $1 trillion for four years.
02:04We're going to be $21 trillion for one year.
02:06I think that's hard to believe.
02:11The biggest in history was a certain country,
02:14$3 trillion.
02:15We're going to be $21 trillion.
02:17On top of that,
02:18prices are coming down.
02:19We inherited a mess with high prices.
02:22The worst inflation in the history of our country.
02:24We had inflation that was a single full four years,
02:28the worst inflation in the history of the United States.
02:31The gas prices through the roof,
02:33and that's after destroying our petroleum reserve,
02:37which was meant for wars and big emergencies,
02:40not to try and win an election.
02:43They opened up the reserve
02:44so that people get $3 less in gasoline,
02:48and it didn't work.
02:49They got about three cents less,
02:50because as big as those reserves are,
02:52they're peanuts when you're talking about that kind of traffic.
02:56And we're rebuilding the reserves.
02:59We're doing all of this, and we've done a job.
03:01We're also bringing down prices very substantially,
03:04and we've already brought them down very, very substantially.
03:06Gasoline is way down.
03:08I think you'll be seeing $2 gasoline,
03:11but we're now at $2.50, $2.45.
03:14Some are lower than that.
03:16It was $4.50, $5, $6, $3.50, $3.75,
03:20underbind all different numbers, but way high.
03:23And we have energy way down.
03:25But the biggest thing, to me,
03:27because I know what it means in jobs,
03:29is the fact that we're at over $17 trillion, Scott,
03:35and we expect to be around $20, $21 trillion in one year.
03:39And that's many times bigger than...
03:41In history, the highest number was $3 trillion.
03:45And we're going to be at $21 trillion.
03:47That means new plants, new AI, new auto plants.
03:50We have auto plants coming in from Canada, from Mexico, from Germany, from Japan.
03:56Toyota just agreed to invest $10 billion on new auto plants, all American workers.
04:03We've never been in a position like this.
04:06You can go back to the beginning.
04:08Our country has never been in a position like this.
04:11And it really is because of the fact that we use tariffs to bring all this money in.
04:17And you're going to see the results in a year when these plants start to open up.
04:20We have more plants under construction now than at any time in the history of our country.
04:26And these are big plants.
04:27These are the biggest plants anywhere in the world.
04:29And I want to thank you because you've agreed to invest $600 billion into the United States.
04:34And because it's my friend, he might make it a trillion, but I'm going to have to work on them.
04:40But it's $600.
04:41We can count on $600 billion, but that number could go up a little bit higher, yes.
04:47I don't know.
04:48We'll see.
04:49But we appreciate it very much.
04:51So Saudi is going to be investing at least $600 billion.
04:55And that means investments in plants, in companies, money on Wall Street.
05:01And what it really means for everybody that really counts as jobs, a lot of jobs.
05:07We have a lot of jobs.
05:08So I just want to thank you.
05:10We've been really good friends for a long period of time.
05:12We've always been on the same side of every issue.
05:15I think we've done a great job in wiping out the nuclear capacity of Iran.
05:22Nobody else could have done that.
05:23No other president would have done it.
05:26We had the pilots in the Oval Office right here.
05:28We were celebrating a very successful attack.
05:31So I had them in with that beautiful B-2 bomber that's over there.
05:35And they said, sir, for 22 years, we practiced this attack.
05:41Our predecessors, these were very young guys.
05:43So 22 years, they said our predecessors and us practiced the attack on Iran.
05:50But no president ever gave us the go-ahead.
05:54Three times a year, they went out and they practiced the attack.
05:58Nobody let us do it until you came along.
06:00And I let them do it because it was the right thing to do.
06:02You can't have a nuclear Iran.
06:03And so we put you in a very good position.
06:06But I just want to say it's an honor to be your friend.
06:08And it's an honor that you're here.
06:10And if you'd like to say a few words, but thank you very much.
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