00:00The Oval Office looks beautiful like it should.
00:02It was like the rest of the country.
00:04It was in disrepair.
00:07One year ago, our country was dead.
00:10And said to me by many leaders, we had a dead country.
00:13Now we have the hottest country anywhere in the world.
00:15It's true.
00:16The hottest country anywhere in the world.
00:18Think of that.
00:20In four long years of the Biden administration,
00:23there were just $1 trillion of new investments
00:26in the United States in 10 months.
00:28We've secured commitments of over $18 trillion.
00:32So they had, in one year, less than,
00:35they had less than $1 trillion.
00:37That's in a period of four years.
00:40Think of it. Four years they had less than a trillion.
00:44In 10 months, we have more than $18 trillion.
00:46Is that right, Scott? It's even going to be higher than that.
00:49It will be higher by any years, sir.
00:51And we're waiting for the Supreme Court case.
00:53And it's so important and so vital for this country
00:56because we're not only respected again,
00:58we're putting out wars by our trade policies.
01:02And we're taking in hundreds of billions of dollars.
01:06And our country is wealthy again and secure again.
01:09And it's part of national security.
01:11And I hope that goes well.
01:13I think it's very important.
01:15But think of the number.
01:17We're going to be over $18 trillion in 10 months.
01:21And which is a record times probably eight or 10 times,
01:26I think more than that, for any country.
01:28There's never been a country that's had that kind of an investment
01:32ever in history.
01:34And there's never been a country that's had half of that.
01:37It's a tremendous thing that's taking place.
01:40Because we have companies moving in from all over the world,
01:45from Mexico, from Canada, from Europe, from China, from Japan a lot.
01:52We just had Toyota is going to spend $10 billion,
01:55they just announced, on building new plants in this country.
01:58Our workers, they're going to be all workers.
02:01But they're spending a tremendous amount.
02:03So the stock market has set 46 all-time highs.
02:07And this last Friday, which is called Black Friday,
02:10was the biggest ever online sales that there's ever been, by a lot.
02:16More Americans are working today than at any time
02:18in the history of our country.
02:21I mean, these are the facts we have to get out.
02:23And, you know, there's this fake narrative
02:25that the Democrats talk about affordability.
02:28They just say the word.
02:29It doesn't mean anything to anybody.
02:31Let me just say it.
02:32Affordability.
02:33I inherited the worst inflation in history.
02:36There was no affordability.
02:37Nobody could afford anything.
02:38The prices were massively high.
02:41Do you remember when we took over eggs?
02:44You did a great job on that, Madam Secretary.
02:47Agriculture, Brooke.
02:49Eggs were four or five times higher than they had ever been.
02:53They said, don't order eggs for Easter at the White House.
02:56And we ended up doing it, and we got the egg prices
02:58way down lower than what they were before.
03:00But the word affordability is a con job by the Democrats.
03:05They say affordability.
03:06I watched the other day where some very low IQ
03:10Congresswoman talked about affordability,
03:14affordability, affordability.
03:16She had no idea.
03:17Their prices were much higher.
03:20As an example, energy, gasoline.
03:23We're now at about $2.50 a gallon.
03:26We're going to be, I think, at $2 a gallon.
03:28We could even crack that at some point.
03:30I'd love to do it.
03:32But, and we could do it more easily if we weren't
03:34building up the Strategic National Reserves,
03:37which Biden emptied out before the election
03:40so that he could try and get elected.
03:42Meaning she, he started it.
03:43Then he got thrown out of the race.
03:45Then she took over and she kept it going.
03:47And they emptied out the Strategic National Reserves,
03:51which are really meant for something else.
03:53They're not meant to keep people happy with their gasoline price.
03:56They're meant for war.
03:58They're meant for problems, big problems.
04:01He emptied it out and then she continued it
04:04during the process of trying to get elected.
04:07Didn't work out too well for him.
04:08And they virtually brought it down to the lowest level,
04:11I believe, in history.
04:13And it didn't have much of an impact
04:16because the prices were very high.
04:18But our prices now for energy, for gasoline, are really low.
04:23Electricity is coming down.
04:25And when that comes down, everything comes down.
04:27But the word affordability is a Democrat scam.
04:32They say it and then they go on to the next subject.
04:34And everyone thinks, oh, they had lower prices.
04:36No, they had the worst inflation in the history of our country.
04:40Now, some people will correct me
04:42because they always love to correct me,
04:44even though I'm right about everything.
04:47But some people like to correct me and they say 48 years.
04:51I say it's not 48 years, it's much more.
04:53But they say it's the worst inflation
04:56that we've had in 48 years.
04:58I say ever.
05:00But whether it's 48 years or ever, it's pretty bad.
05:02We had the worst inflation that we've ever had.
05:06Since last January, we've stopped inflation in its tracks.
05:11And there is still more to do.
05:13There's always more to do.
05:14But we have it down to a very good level.
05:18It's going to go down a little bit further.
05:20You want to have a little tiny bit of inflation.
05:22Otherwise, that's not good either.
05:23Then you have a thing called deflation.
05:26And deflation can be worse than inflation.
05:30But we have it almost will soon be at a perfect level.
05:33But we inherited the worst inflation.
05:36But we have 20 states that are now selling gasoline at less than the $2.75.
05:46Think of that $2.75.
05:49And it was at $5 under Sleepy Joe.
05:53Grocery prices are down, with the cost of Thanksgiving turkey this year down 33 percent.
05:58It was lower than 33 percent, lower than under the Biden administration.
06:04Egg prices are way down 86 percent.
06:08And mortgage rates, despite the fact that we have an incompetent chairman of the Fed,
06:13a real dope, who should reduce rates.
06:16I saw even Jamie Dimon said he should be reducing rates.
06:20I never saw Jamie Dimon say that.
06:22I wonder why he said that.
06:25But he really said it because he's right.
06:27But we have a guy that's just a stubborn ox who probably doesn't like your president,
06:33your favorite president.
06:34But they're going to be coming down.
06:38We'll be announcing somebody probably early next year for the new chairman of the Fed.
06:43I talked to Scott about taking the job, but he doesn't want it.
06:46You got the greatest job here.
06:49Yes, sir.
06:50Right.
06:51He said, no, I want to stay chairman.
06:52I want to stay.
06:53I want to stay right where we are, Treasury.
06:58And I think we're doing really great, aren't we?
07:00We're doing great, sir.
07:01And it's a great team to be part of.
07:02Yeah, that's amazing.
07:04Under my executive order to lower prescription drug prices, which I think is the single biggest
07:10thing we've ever done that nobody writes about because you fake news.
07:16I've made unprecedented deals along with Bobby and Oz and all of the people that work on
07:23it.
07:24A lot of people, a lot of people that you wouldn't even think work on it, but they do to slash
07:29drug prices by 200 percent, 300 percent, 400 percent, 500 percent, 600 percent, 700 percent,
07:37nobody's ever heard of it before because I instituted favored nations and no nation agreed to do it.
07:47And then I said to the nations, if you're not going to do it, I'm going to charge you a hundred
07:51percent tariff, which is more money than we're talking about.
07:55And they said, sir, we'd love to do it, please.
07:57We would be honored to do it.
08:00And they agreed that they would go along with the whole thing.
08:05Nobody, nobody thought you could do it because they, they felt number one, you couldn't get
08:09the drug companies to do it.
08:12So we're paying as an example for the, let's call it the fat drug, the fat drug, FAT for fat
08:18people.
08:19Anybody use it at the table, don't ask, but the fat drug was $135, think of that, for
08:31certain people, $1,300 for certain countries, $1,300 in New York.
08:36So in New York, it was $1,300 and in London, it was $135.
08:42And a friend of mine called me, he said, what is this?
08:45Why is it?
08:46He got used to paying $1,300.
08:47Well, now what we have it down to is, Bobby, what's the number, like $150 or something?
08:53We have it down to a low number, don't we have?
08:55Yeah, it's around $1,600, $1,600, $2,500, $150.
08:58Think of that.
08:59So we got it down from $1,300 to $125 to $140, depending on various countries.
09:07In other words, we're paying the lowest price, tied for the lowest price in the world.
09:13And people said, you could never do that because you couldn't get the countries to agree to it.
09:18I did.
09:19Every country agreed to it.
09:20Because I said, if you're not going to agree to it, that's okay, I'm going to charge you tariffs.
09:24And as soon as I said that, they said, we agree.
09:26And then we had to be a little tough with the drug companies, but they came along.
09:31The bigger problem was the countries.
09:33The countries just wouldn't go along with it, but they did.
09:35Every country.
09:36So we have reduced drug prices by 500, 600, 700, 800, 900 percent, depending on the drug, depending on the company, depending on all of the different factors involved.
09:51Nobody's ever even thought of drug reductions like that, price reductions.
09:56And I told you the story that in my first term, I was so proud of myself because I reduced drugs.
10:01It was the first time in 28 years that drug prices were reduced.
10:06It was one quarter of 1 percent.
10:08One quarter of 1 percent.
10:09And I was so proud of myself.
10:10I said, it's the first time in 28 years that drug prices went down over the course of a year, over the course of a presidency.
10:19One year, one quarter of 1 percent.
10:22I had a news conference.
10:23I was so proud.
10:24Now I got them down not one quarter of 1 percent.
10:28I got them down 400, 500, 600 percent and more.
10:32And the fake news won't write about it.
10:36And it's going to have a huge impact on health care because a big part of it is buying drugs, buying prescription drugs, drugs.
10:44It's going to have a huge positive impact because Obamacare is a disaster.
10:48I said it years ago and I say it now.
10:51And the money should be paid, taken away from the insurance company.
10:55Obamacare was made to make the insurance companies rich.
10:58Their stocks have gone up 1,000 percent in a short period of time because the money goes to the insurance company.
11:06I want the money to go to the people.
11:08Let all the money go to the people.
11:11And let the people go out and buy their own health care.
11:15And I see on television, people are advertising now, we will help you buy health care.
11:20We will go out and help you buy.
11:22That's becoming like an industry because of what I said.
11:25So something is going to happen.
11:28It's probably not going to be easy because the Democrats, frankly, they don't want to make a good deal for the people.
11:35They just want to make a bad deal for the country.
11:37They want to make a bad deal for the Republican Party.
11:39But the Republican Party is united.
11:42And I will say that what I would like to do is the money doesn't go.
11:48Trillions of dollars get paid to drug companies.
11:53And you still have lousy health care.
11:55Obamacare is horrible health care.
11:57We want it to go to the people and then let the people go out and buy their own health care.
12:02And they'll do great. They'll do great.
12:04So we're negotiating that now with the Democrats.
12:07Well, congressional Democrats want the largest tax hike in history.
12:12I proudly signed the largest tax cuts in American history with the Great Big Beautiful Bill.
12:18The Great Big Beautiful Bill.
12:20The biggest piece of legislation ever signed.
12:23And that includes the extension of the original Trump tax cuts.
12:27But it's the biggest tax cut ever signed.
12:30And it includes no tax on tips, no tax on overtime and no tax on Social Security.
12:37Nobody's ever seen anything like it.
12:39So think of that.
12:40And in addition, you get if you buy a car.
12:44This is great for our car industry because we have a lot of car plants.
12:47We're bringing back the automobile business.
12:5060% of it was stolen because we had incompetent presidents or incompetent trade people.
12:57But 60% of it was stolen over the years.
13:00And now we're bringing, I think we're bringing it all back.
13:02I think we'll be bigger than ever, than we've ever been in the auto business.
13:06That's not even to mention AI where we're leading China.
13:09You know, we're leading China by a lot.
13:11They're not going to catch us.
13:20So we'll go, go.
13:21Do we have any concerns?
13:22Sorry.
13:23Hmm.
13:24Peace.
13:25See you later.
13:26I won't pick you mine.
13:27Do we have any concerns aboutorrpages?
13:29Well, you know, I didn't take private privilege.
13:30I didn't take some answers.
13:31You know, I don't follow the ciraide, what happens.
13:33They spent a lot of time asking me, you know, I момент manufacturnie.
13:35I feel kind of okay, but I won't be able to make sure everything aku could pick over it.
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