00:00This afternoon I want to discuss how we have achieved this economic miracle, how we intend to
00:05raise living standards for our citizens to levels never seen before, and perhaps how you too and
00:11the places where you come from can do much better by following what we're doing because
00:17certain places in Europe are not even recognizable, frankly, anymore. They're not recognizable.
00:24And we can argue about it, but there's no argument. Friends come back from different
00:29places. I don't want to insult anybody and say I don't recognize it. And that's not in a positive
00:36way. That's in a very negative way. And I love Europe and I want to see Europe go good,
00:41but it's not heading in the right direction. In recent decades, it became conventional wisdom
00:48in Washington and European capitals that the only way to grow a modern Western economy was through
00:54ever-increasing government spending, unchecked mass migration and endless foreign imports.
01:01The consensus was that so-called dirty jobs and heavy industries should be sent elsewhere,
01:06that affordable energy should be replaced by the Green News scam, and that countries could be propped
01:13up by importing new and entirely different populations from faraway lands. This was the path
01:21that sleepy Joe Biden administration and many other Western governments, very foolishly followed,
01:28turning their backs on everything that makes nations rich and powerful and strong.
01:33And there's so much potential in so many nations. The result was record budget and trade deficits and a
01:41growing sovereign deficit driven by the largest wave of mass migration in human history.
01:47We've never seen anything like it. Quite frankly, many parts of our world are being destroyed before
01:53our very eyes and the leaders don't even understand what's happening. And the ones that do understand
01:59aren't doing anything about it. Virtually all of the so-called experts predicted my plans to end this
02:05failed model would trigger a global recession and runaway inflation. But we have proven them wrong.
02:13It's actually just the opposite. In one year, our agenda has produced a transformation like America has not seen in
02:20over 100 years. Instead of closing down energy plants, we're opening them up. Instead of building ineffective money,
02:29losing windmills, we're taking them down and not approving any. Instead of empowering bureaucrats, we're firing them.
02:38And they're going out and getting jobs in the private sector for two and three times what they were
02:46making in government. So they started off hating me when we fired them. And now they love me.
02:53Instead of raising taxes on domestic producers, we're lowering them and raising tariffs on foreign nations to
03:00pay for the damage that they've caused.
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