00:30More people should do that, but Venezuela is going to make more money in the next.
00:38It's great to be back in beautiful Davos, Switzerland, and to address so many respected business leaders, so many friends, few enemies.
00:53Yesterday marked the one-year anniversary of my inauguration, and today, after 12 months,
01:00back in the White House, our economy is booming, growth is exploding, productivity is surging, investment is soaring, incomes are rising,
01:12inflation has been defeated, our previously open and dangerous border is closed and virtually impenetrable,
01:21and the United States is in the midst of the fastest and most dramatic economic turnaround in our country's history.
01:32Instead of raising taxes on domestic producers, we're lowering them.
01:36The USA is the economic engine on the planet, and when America booms, the entire world booms.
01:43It's been the history.
01:44When it goes bad, it goes bad.
01:46The whole, we all, you all follow us down, and you follow us up, and we're at a point that we've never, I don't believe we've ever been.
01:55I never thought we could do it this quickly.
01:57Under my leadership, U.S. natural gas production is at an all-time high by far, and perhaps how you, too, and the places where you come from can do much better by following what we're doing,
02:11because certain places in Europe are not even recognizable, frankly, anymore.
02:16They're not recognizable.
02:17And we can argue about it, but there's no argument.
02:22Friends come back from different places, I don't want to insult anybody, and say I don't recognize it.
02:29And that's not in a positive way.
02:31That's in a very negative way.
02:33And I love Europe, and I want to see Europe go good, but it's not heading in the right direction.
02:39We've lifted more than 1.2 million people off of food stamps, and after four years...
02:44In recent decades, it became conventional wisdom in Washington and European capitals that the only way to grow a modern Western economy
02:54was through ever-increasing government spending, unchecked mass migration, and endless foreign imports.
03:01The consensus was that so-called dirty jobs and heavy industries should be sent elsewhere,
03:06that affordable energy should be replaced by the Green News scam,
03:10and that countries could be propped up by importing new and entirely different populations from faraway lands.
03:20This was the path that sleepy Joe Biden administration and many other Western governments
03:25very foolishly followed, turning their backs on everything that makes nations rich and powerful and strong.
03:33And there's so much potential in so many nations.
03:38The result was record budget and trade deficits and a growing sovereign deficit,
03:44driven by the largest wave of mass migration in human history.
03:48We've never seen anything like it.
03:50They came to see me.
03:51Is there anything you can do?
03:53I want Europe to do great.
03:55I want UK to do great.
03:58More people should do that.
04:01But Venezuela is going to make...
04:02I want Europe to do great.
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