supportive a more environment going forward. thanks can do what they need to do for bfa and maintain those relationships. there are also developments in the technology space that hold some promise of making those linkages, perhaps cheaper, real-time, and safe. >> upfront here. >> hi. it has been reported that the largest technology companies are getting over on $500 billion on cash on balance sheets. what does that look like from your perspective and what do you

think it would take to have that become unstuck in increased productivity? lael: the questions is how much -- the question is how much, different types of firms and incentives to put their cash and capital to work. it is extremely important for the strength of business investment. for growth. that is on the short term part of the ledger. medium to long-term for the productive potential of the u.s. economy. it is certainly an area we have a lot of interest in. in terms of the tools we have, obviously, we have been very supportive i think in terms of the stance of monetary policy. it has been supportive of activity in the business sector and in the household sector. there are other policy considerations that may be relevant, but are well outside realm of our influence.

the issue of business investment is an important one and trying to create the best possible environment for that investment to take place is really where we come into that equation. >> yes. third table back. >> i am bill courtney. the eurozone in japan appear to be over relied on monetary policy and underlying on structural economic reform. is that risky? will the eurozone and japan get of the political will for more -- gather the political will for more political reform? lael: obviously, we have a common interest, the meditates, japan, emerging markets and seeking a broad set of policies in each economic area to support global aggregate demand more

broadly. in each economy, that would entail a different mix. those every specific to the circumstances of the different economies. i do think that in today's circumstances where aggregate demand overall, in the world, seems to be quite weak and defficient. there is a case for greater fiscal support in some economies. so places like europe. to complement monetary policy and also there are plenty of potential for infrastructure investment and productive investment, that not only would boost short-term demand, but also would boost the long-term supply and potential -- long-term supply potential. the mix is an important issue and will be specific to each economy.

but our interest is to see that everybody is pulling in the same direction to try to live aggregate demand -- to try to lift aggregate demand. there is no good outcome where policies are shifting demand across borders. in the end, it will be self-defeating. >> yes, right here. wait for the microphone. >> teresa. i am just wondering if you look at the ratio of inventory to sales and it has been going up steadily the last 18 months and now reaching the peak of 2008. and whether that is a concern

and whether you see that as a recessionary signal or not? lael: the board has credible economists who know more about -- the board has incredible economists. inventories are critically important to the forecasting staff at the board and -- if you see weakness in the first quarter, how much is that? is going to be remediated by a rebound in the first quarter. it is important and associated with the question of our usual forecast. it is an area of intense focus. i do not think i would take it a -- i would say it is a clean predictor. there are very few predictors. it is extremely important to try

to understand when we do see weak quarters like we have to assess whether there may be some very important factors. that will abate in the following quarter. more broadly, i think we have seen some data on the first quarter, -- excuse me, second quarter. but i think it would be important to have additional data. >> over here. >> i am nelson cunningham. it has been said in recent years that corporate profits were at an all time -- were a postwar high as a percentage of gdp, were employee compensation was at a postwar low. are those measures in the same

place today and how do you view what has higher than historically normal corporate profits, and historically lower employee compensation? lael: in fact, interestingly, we have started to see a bit of an upturn in the labor share. and as you pointed out, the labor share has fallen historically very low levels. we are at the beginning of the tentative signs of an upturn. obviously, there is good news. for the domestic consumer -- good news from a consumer point of view in terms what we have seen in distributive trends over a substantial period of time. it is too little of a, sort of, trend in this direction so far to really make a very confusion

-- to make very firm conclusions about we have seen so far. >> at the back of the room. >> thank you. howard. i was taken with your discussion of the neutral rate. you are suggesting that the rest of the world imposed an effective cap how far the fed may be able to go. i am wondering what happens on day two when you wake up and realize that 2% is about as good as you can get? when you have discussion of a higher inflation target or a hybridized policy where it includes other things than the interest rate? lael: i think, right now, it is a tentative observation. but it does appear that what we have seen in the estimates that

had been a historically low neutral rate, which many have assumed was attributable to cyclical headwinds, but just by watching the evolution of the economy, that neutral rate may well be low, historically low for some time to come. if that is true, it does mean we are closer to neutral today than we thought we were. which, in turn, could mean that the path a policy is likely to be more gradual, more shallow, over a somewhat longer period of time. that is attributable to a host of things. some of that may reflect international factors. it also likely reflect some

factors like the aging of our own work force. as i said earlier, too early to tell, but productivity could be a piece of that puzzle. in terms of what does it mean for policy, i think what seems to me to be this sort of most clear-cut observation, is that we are going to want to engage in fairly cautious approach. risk-management approach. i move cautiously assessing the effects of any further moves as we go, rather than being tied to some preset course that might be derived from some previous tightening cycle that took place

under very different circumstances. >> yes, right here in the middle. >> nancy chaplin. hi. this -- you talk about balancing risks. you gave us a pretty good brief on the downside risks. the question is, do you see any upside risk? looking at that, are you considering any issues in the financials after, including some signs lease of things in the real estate market, like house flipping? people buying loans from the peer-to-peer lending with no credit process attached to them, issues to the amount of derivatives that the sec is being used, and retail mutual funds? what are you -- if you are looking at balancing risk, are there upside risks you worry about?

lael: it is certainly a huge focus of our work at the board. to carefully, systematically,. assess risks that might be building in the financial sector. we have a much more well-developed analytic framework, and a staff that is now dedicated to this in the wake of the crisis. we have additional tools that complement our monetary policy tools to the extent we do see building risks in certain sectors, we have a broader sense of tools that would allow us to at least, in part, preemptively, ideally address some of those risks without overly burdening

monetary policy, which already has a pretty clear dual objective. with regard to the assessment of risks today, earlier we had called out concerns about leveraged lending and put out guidance there. we saw some dissipation and some correction in that to some degree. we have taken a look at cre and concentrations of cre and bank balance sheets as a potential risk. in terms of the real estate market, it is hard to generalize because these are, to some degree, developments are very specific to different regions.

we are very focused. there are some signs of a very extended subprime set of lending, but not to an extent. we are very, very focused on the potential for risks to build up in financial sectors do pose -- to pose risks more broadly. we are much more systematic about assessing those risks and trying to connect those risks to tools we have at our disposal to address them. >> in the back of the room in the center. >> i am michael. how concerned are you about asymmetric effects from the rise of the price of oil in the sense that -- it may nullify some games in consumer spending that we have seen in the past two

years without boosting business investment because producers don't seem to be drilling more as a result? lael: i would say that -- i can't give you a very precise answer to that question. as oil prices decline, our previous historical experiences and the makro estimate you get from their did not prove to be bury good guys. we probably got more of a response in terms of deceleration in drilling and mining then we saw in previous estimates. these consumers respond over time. consumers didn't respond as much as one might had predicted.

similarly, i don't feel the historically rooted estimates were accurate and thinking about the period in which the oil prices declined. now that we have seen a bit of an increase and stabilization, i don't have a huge amount of confidence in how that is going to show up in consumers responding to higher prices at the pump, and seeing moderation on the consumption side versus finding more incentive to producers to the back and start investing at exploration and trying to expand capacity. it will be very hard to generalize. the other thing that is very important, our oil and gas sector has changed dramatically since some of those earlier estimates were put in place.

and so, again, with the price point, i don't a few the have precise estimates. certainly, it is a very important driver that we are looking at very closely. >> the table right in front of the microphone. >> thank you. rod. the question i have just goes to your sense in the fed team data-driven with the economy and the markets being somewhat sentiment driven. is there a possibility that we could have a sentiment-driven recessionary trend? lael: a part of the data we look at relates to sentiment. [laughter] again, if we look at some of the most recent consumer sentiment indicators, they look resilient, which is reassuring. but, there are different lags in

terms of how people respond to changes in their perceptions. we don't really know going forward whether consumers are going to continue to feel buoyant and see the kind of consumption numbers we saw in april carrying through further into the second quarter, which of course is a very important factor driving growth. but, it is an argument for being a little bit patient in terms of reading more signals on the economy, not just on actual spending, but on how those consumers and businesses are feeling about spending. it goes in the same direction, which is, we want to have greater confidence that growth

rebound is really in place. >> this table. yes. >> thank you. sheri stevens. i want to go back to the discussion of productivity. to me, that really seems to be a very, very significant concern. the one half percentage growth in productivity we had been 2009 isn't enough to have a very dynamic growth prospect, but you stated we don't know the reasons. if we don't know the reason, how could we effectively address it? other than saying we need more business investment? maybe that isn't an issue. could you comment on this and what you think -- the spurt from the i.t. revolution has run its course. and we don't have another positive stimulus inside.

that is a definite concern. lael: there are a bunch of reasons that people are pointing to us possible explanations. i don't think any of them are definitively, in terms of evidence, are definitively known to be the answer. one of the reasons is that somehow early investment that had been made in information technology has now been fully diffused and run its course. others are looking at the question of measurement error. we had good work at the fed that looks at this question of whether it is possible we are not capturing productivity gains because of the way we measure services in particular. but of course, the question is, whether that same measurement

error would be equally applicable to earlier episodes. not clear -- there are other questions or explanations that it takes a while for potentially productivity enhancing investments to diffuse. if you look at artificial intelligence today, or maybe robotics, genetics, things are quite promising, but really haven't been diffused to any great degree. maybe the will see a pickup. i don't know the answer. i don't have a strong view one way or the other. it is obviously so critically important in terms of driving potential, that we need to understand it, and investment is a big piece of it, education is an important piece. having a very vibrant environment for innovation to take place, but to diffuse

investment is very important. it is something that is very important to our work. again, our tools in this area are limited to the ones that support a productive environment for investments. >> yes, in the back, liam the back. >> thank you. i just wonder, what is the china factor? there is talk about this rumor on bloomberg news talking about strategic backlog. the offices in beijing were asked about flat interest rate hike issue. central banks and china denied it.

china's economy might be a factor? what you think about that? lael: what i can say is in in assessing monetary policy for the u.s. we have a very clear objective function, which is established in law by congress. which is domestic focus. full employment and price stability, which has been interpreted as 2% inflation. that is our focus. then, of course, because we are so tightly integrated into the world, you know, the dollar is viewed as a reserve currency. we have some of the most liquid financial markets in the world. but of course, we are tightly linked on the trade side. how our policy cap benefit

patients of our policy path are then affecting financial conditions, and of course, importantly true exchange rate channels through a very important feedback, we have come back around in effect, u.s. domestic conditions. in the past year, china has figured prominently in terms of global risks and global financial conditions as china has managed challenges on the domestic front. so, those kinds of considerations naturally have to be taken into account when we think about risk to the outlook, they naturally will effect policy deliberations and the path the policy. that is the way in which risks

emanating from china, and of course, china was the really predominant source of global investment growth for several years following recovery. and that was a very important source of demand and growth for emerging market linked to china both through commodity exports and supply chains. we have seen that as china is attempting to rebalance its growth plan, relying less on investment, less -- more on domestic demand. that is rippled through supply chains and other emerging markets and through commodity markets. those things do matter for our domestic objective back in the u.s. >> all right, a question here. >> you touched on fiscal policy in europe and in asia.

i was wondering if you might want to touch on fiscal policy in the u.s. and how that might be complicating your efforts. mr. cunningham with the question about the labor force. lael: in the u.s., we are differently situated than many of our foreign partners in the sense that we have been recovering. we have made quite a lot of progress on employment, the labor market has come a long way. we have seen some signs of slowing in the last few months. a little less progress, but nonetheless, we have also seen core inflation around 1.6%,

which is below our objective. but, we are seeing progress. we are differently situated relative to some of the other economies, particularly japan and the euro area. we are in a period, in particular, it may be that the neutral rate is low for some period of time, or in a period where there are reasons to want aggregate demand. there may be a case to be made for infrastructure investment complementing the goals we are to retrieve and monetary policy. but, again, those questions about really needing to bolster aggregate demand or even more important in other parts of the world where they have a bigger

challenge. >> i am afraid we have run out of time. i hope you will join me in thanking dr. brainard for not only a wonderful presentation, but comprehensive responses to a variety of actions. -- variety of questions. thank you so much for taking the time to be with us. [applause] >> citizens have got to feel that their vote matters. that their voice patters. and whether they can not spare a a personnt to help

running for office or whether they can write a big check, they have concerns and their struggles will be listening to and followed up on. wisconsin senator tammy baldwin talks about her career in public service and wisconsin medical history. changeelped shepherd the noteby senators were appointed by the legislatures but demanded elections. i don't know if it was the first to come but the idea that it would not be the party bosses who made the decision on whom the nominees would be in smoke-filled back rooms but rather the people who were going in free chance to vote and fair elections. 8:00 p.m.night at

eastern on c-span's q&a. >> next, republican presidential candidate donald trump at a campaign rally in california. efforts toussion on combat isis and al qaeda. after that, former officials from the fda and the department of health and human services talk about food production and safety. now, republican presidential candidate, donald trump speaks at a campaign rally in california. residents in that state along with five others will vote on presidential primaries on tuesday. this is about an hour and 15 minutes. ♪

♪ [cheering]

mr. trump: this is amazing. redding, we love redding. thank you very much. i think it's 104 degrees. is everybody ok? if anyone is not feeling well, come up here, we have plenty of water to share. this is hot out. i want to thank you all. they got some very bad news, the worst jobs report in 6 1/2 years, ok. it is going the wrong way. they are playing games. it's going the wrong way. they had a labor participation rate, it fell to 62.6%, which is one of the worst in many, many, many years. so we know what we're doing. we are going to turn it around and make america great again, bring back our jobs, bring back our jobs and bring it back fast.

so you remember the 1237 and they said, maybe at the convention and i said we are going to reach it easy. who would have thought we reached it before hillary clinton. she can't close the deal. she can't close it. she's working hard and can't close it with bernie. good old bernie. we love our bernie. i tell you what, what a mess she's in. and the people with bernie don't want to vote for her and they want to vote for trump. you saw that poll. because whether you like bernie or not, he's right about one thing, trade is a disaster for our country. one thing he is right about. the trade deals that our country makes is an absolute disaster. hello. look at all those people over there. this is crazy. wow!

i wish these camera guys would spin it around. they are so dishonest, 100 something degrees out here to have this number of people. are we happy to be here? [cheers and applause] mr. trump: on june 7, you have to get out and vote, because you know, we are setting records. we have already broken the record, in all fairness. i like that cap. he has the same cap i have on. hunters, the n.r.a., they gave me the endorsement. you saw that. great, great people. wayne and chris, they are great people. they gave me the earliest endorsement i think they have ever given to anybody. national rifle association. we are going to protect your 2nd amendment. we will protect your 2nd amendment. i love you, too. nice guy over there. big strong guy. i love you.

so, look, we have had an incredible period of time june 16 we started and it's been an amazing ride. all over the world they are talking about it, it's a movement. they said they have never seen anything like it. the biggest crowds of anybody by far. the other night, bernie had 3,000 and i had 17,000. [cheers and applause] mr. trump: and they talked about me, donald trump made a speech, never mentioned the number of people and bernie has had a massive crowd of 3,000 people. i tell you what, the press is so biased against us, but i believe we have the numbers. i really believe it. you know, they used to call it the silent majority, now i think we are going to call it the majority.

in san jose, we had an amazing crowd. it was packed and it was incredible and at the basketball on, which is that area, the san francisco game, and we had some crowd. it was absolutely incredible. and it was a love fest inside, no problems whatsoever. we went on and spoke and had a good time for an hour and i said i want to get you guys so you could see the warriors, who won. but i wanted to get them out and i said we don't want to get out. we had an amazing time. that was it and we wrapped up and everybody was cheering forever and they walked out and they get accosted by a bunch of thugs burning the american flag, burning the american flag. you know what they are? they're thugs. build that wall. you're right.

[crowd chanting build that wall] mr. trump: we are going to build the wall, folks. don't even think about it. you saw -- i have a lot of endorsements and paul ryan just endorsed me and mitch mcconnell, but we have tremendous support. when you think that in the history of our party, more votes than anybody that has ever done this before. think of it. more than dwight eisenhower. i mean he won the second war, more than ronald reagan who we all love, more than anybody and we have a lot of endorsements and very popular within the party and polls are coming out showing we are doing well and winning. the fox poll came out a few days ago and we are winning by flee -- three points.

we are beating hillary. did you see that phony speech she made yesterday. and people think, oh, did she speak well. she has a teleprompter here and there. do you notice, donald trump is a bad man. donald trump has a bad tone. we need a tough tone in this country. we don't need this kind of stuff anymore. she said, i don't like the tone of donald trump, that was a while ago. she said i don't like his tone. and i'm saying to myself, they are chopping off people's heads and killing us at the border. our country's a mess. we have the worst jobs report in 6 1/2 years. our labor participation rate, you are talking about decades of a disaster. people are making less money now than they made 18 years ago and working harder. and i'm supposed to have a nice tone. hello, everybody. how's everything. we are going to bring back our

jobs. we are going to take our country back. we are going to run it properly, folks. and you are going to be proud of your country again. and you know they do research. >> u.s.a. u.s.a. u.s.a. donald trump: i like that. i like that. so california, good place. i'm going to play heavy in california. i think we can win it. i mean we get crowds like this all over the place and didn't give you a hangar. they don't give hangars anymore. but it's amazing the kind of reception that we have. and every magazine and every newspaper whether they like us or not and i say folks, i'm a messenger. am i doing a good job? [cheers and applause] mr. trump: it's incredible

what's happened. and people are saying it's the most incredible political phenomenon. one of the pundits told me the other day and said you know, it doesn't matter whether you win or lose, the job you've done is so incredible. you came from nowhere and never did this before and fighting 17 governors and senators and professional politicians, i have been fighting them all my life and i like fighting, but you have been fighting these people and week after week you are down to 16, you are down to 14, you are down to 9,, 5, 4, 3, 2, 1. and they said it hasn't been anything like it. it doesn't matter whether we win or lose. it will be in the history books forever. they said it never happened. bill o'reilly the biggest single

phenomenon. and i'm saying what the hell are we talking about? we have to win. we have to win. we didn't come this far to lose. we are going to play california because i think hillary is pathetic and should be in jail for what she did with her emails. she should be in jail. she should be in jail for what she did with those emails. she wants to play a little tough. you know, she polls it, every word she said was polled. i don't have teleprompters. it's called up here and memory and called other things. and i speak from here and from the heart, ok, because that's what we need. and every single thing she said yesterday was polled and her people wrote it out and don't

see the teleprompters. they said oh, they didn't know that. she's reading the script and read a line and phony audience. have the phony audience and the guy in the back going now and they clap. and these pundits -- if i ever did that, i would be run out of town. vote but for hillary is ok. what she said was so many lies. like he wants japan to get nuclear weapons. i don't want them to get nuclear weapons. i want them to pay us the kind of money we have to have so we don't lose money protecting japan and germany and saudi arabia. we have to do this. and south korea. i mean we are protecting south korea from the maniac in the north and we're protecting them. he actually said -- you know

they said would you mind having negotiations with north korea. no problem. who the hell cares. i'm not going there. but you have a negotiation. they said we will never talk. how stupid are these people? they have been selling our country down the tube. they have been spending money, who knows if the talks work, maybe they will, maybe they won't. and putin said donald trump is a genius and next great leader of the united states. they wanted me to disavow what he said. how dare you call me a genius. how dare you call me a genius, vladimir. wouldn't it be nice we would get along with russia. i'm not talking about weakness. i know about negotiating. hillary clinton is a weak

person. she is totally scripted. she is a thief and she should be in jail for what she did to our national security. i mean the only problem is i would like to run against her, if you want to know the truth. she should be. what she has done is terrible. so, look, we have -- i can't believe it. look at all the people out there trying to get in. look at those people. look at that. look at all those people. they couldn't have pulled these fences a little bit further out? you don't want them to come in. you have enough people here. that's the way life works. life is vicious. so when we talk about the different attributes, you look at the word tone, but i'll use a different word, bernie sanders said that hillary clinton has bad judgment. she has bad judgment. we are in a cyberworld.

this is now a cyberworld. russia is knocking us off. china is knocking us off. they are stealing so much. what china's doing with our intellectual property, stilling stealing billions. we aren't doing anything about it, during her regime. you look at what's going on. here is hillary all louised up up with a simple email system and asked why did she do it? i understand why she did it, because she's a thief. i get why she did it. but talk about judgment, how do you have a president with that kind of bad judgment. she could have used the government stuff. she could have taken the government server, assume everyone is listening. every time i pick up a phone. you sue their ass off if they are and drop a little lawsuit on them and make them pay. but you know what?

for her to do what she did puts our country at risk. she's secretary of state. she's got people like uma, anthony weiner, wife of anthony weiner, how would you like anthony weiner to be having these secrets. guess what, she tells anthony weiner. i know anthony weiner. i don't want him knowing anything. and i never ever want him to tweet me. does anybody want him to tweet? she's married to anthony weiner and goes home -- that's the way life works. she goes home. who the hell wants that. this is not right. it's not right. general petraeus has suffered greatly and many people suffered far less than what hillary clinton did.

to me, as the woman just said, but she got away with it. it looks like she got away with it -- unless i win. \[cheers and applause] mr. trump: and everything will be fair, but we are going to have an attorney general and the attorney general is going to take a look and see, because you know there's a five year or six-year statute of limitations. so she really is running for some very important reasons for herself. look, when somebody does something so wrong as that, they have to pay the consequences. she put our nation in difficulty. did you see her i.t. specialist, he's taking the fifth. the word is he's ratting her out like you wouldn't believe it, but they want to try and favor, that's not the way the government is supposed to work. they aren't supposed to be trying to save her but supposed to be doing the right thing.

but the press never lets up and it never follows that story. it never follows the real story. so do you remember in iowa, i made a speech. and i said let's raise some money for our vets. and i figured we would raise half a million, two million. we end up raising almost $6 million. and i got bad publicity. can you imagine? this can only happen to me. i have more calls and more emails and more tweets at -- #realdonaldtrump. cnn and fox says donald trump, i'm sitting there tweeting, donald trump has issued a major statement. you know we have like almost 9 million on twitter.

and similar number on facebook. on instagram, a million and a half and soon going to be 20 million people. that's like owning the "new york times" without the lawsuits. and then they say, you shouldn't -- my opponents, they have three people, they said you shouldn't use your twitter. i say why? i said like in golf, a hitter, don't use your driver. we use anything you have to do to win. we are going to win. we are going to win. we raise almost $6 million and the dishonest press, and they are so dishonest, not all of them but many of them, they are so dishonest, if i would have done nothing, it would have been fine. i said let's raise some money for the vets. i'm glad i did it. i got more thank u.s. from the vets. we gave to many, many groups. they wake up and get $100,000 in the mail, $250,000.

one of them got $1.1 million and they are great. they are great people and they appreciated it. but they put the negative spin on everything. no matter what we do -- you know it's funny. the "new york times" puts me on -- medic. medic. you just take it easy, darling. it's hot out here, right. right over here, medic. right over here. we love you. we love you. some of these people got here five, six hours ago. [applause] [crowd chanting trump]

mr. trump: she ok? we want to make sure she's ok. she was here for five hours, they say. five hours, some of them here for seven, eight hours. we love you. are you ok, honey? give her a hand everybody. give her a hand. [applause] mr. trump: that's great. she's tougher than all of us. and look at the medics and the police, what a great job they do, right? [cheers and applause] mr. trump: e.m.t.'s. give them a hand, by the way. great job. thank you, darling. she looks like she's in good

shape. thank you very much. that's true, the police, the medics, firemen and the job they do and aren't appreciated. they are going to be appreciated, folks. is she good? everything good? that's good. that's good. thank you, honey. so we're going to do things that haven't been done in a long time. we are going to start winning again. we don't win anymore. we don't win anymore. even a report that you see, it was like a bombshell expected 100,000 jobs, 38,000 jobs. they are bad jobs. people say we don't have good jobs. our good jobs are moving to mexico along with the companies that are moving there. they are moving to china where china is making all our products and devaluing their currency. i had a meeting today and must

have had 50 chinese people. people from china or formerly from china. and cnn was there, jake tapper was there and we had an amazing time and john dickerson, also a good guy, he was there from cbs and they looked outside and said who are all those people. they are endorsing trump. and nobody could believe it. and i don't believe the chinese government and i don't blame the next can government. i want our government to be smart. i want our government to get away with the kind of things they get away with. but we have leaders that don't have a clue. and hillary clinton's at the top of the list. she's incompetent. first of all, she's always got problems, whitewater, impeachment, lie, he didn't have sex with that woman. two months later, he's well, he

didn't. he's -- these are lying people. we don't need another four years of the clintons. it's a mess. it's a mess. so what we're going to do is we are going to have a strong temperment, not that weak temperment. i don't like his temperment. i don't like his tone. there is nobody better with a better temperment. and we are going to start winning for you. temperment is very important. it's very, very important. but we need strength. we don't need that's weak people. they talk about, well, i think his temperment isn't good. i guess they do polls. they say how can we get trump. i believe i have the greatest temperment there is and the temperment that this country needs at this time. i could slough it off and say,

i'm a wonderful person. i have a tough temperament but we need a tough temperament. my temperament is totally controlled. i built an unbelievable companies. i did so many great things. i just read about a school where the clintons are involved and where they got $16 million and it is a scam. why are they not sued? these people do not want to talk about it. temperament is an important word. we need toughness in tone. we need toughness in temperament. i really mean this. i think that hillary clinton is unfit to lead our country, certainly at this time. i think she is unfit. she does not have what it takes.

you will go through four more years. i call her obama lite. think of what i said. they are scamming us with cyber. we are living in a cyber world. here she is all screwed up with her e-mails. she does not know what the hell is going on. who would be so stupid to do what she did with her e-mails? i mean, who would be so stupid? so, we are going to turn this country around. we are going to do things that are going to make you proud of your president, but more importantly, so proud of your country again. i deal with all these countries. i have so many deals.

they laughed. they laugh at us. they say, what is going on? they don't believe it. even the people from china this morning. you'll see, i think it will be on cnn. they will say, mr. trump is right. they cannot believe what they get away with. i have the largest bank in the world from china, the largest bank in the world, massive bank, a tenant and one of my buildings. i know the people. they are sort of friends of mine. they tell me, we don't believe we get away with it. i don't know if they know i will be revealing this, but they say, we can't believe we get away with it. so we are going to turn it around. now, a couple of things. we need strong borders. we need that or we don't have a strong country. 16,500 border patrol agents endorsing, first time they have ever endorsed a presidential candidate.

what a perfect group to ask, as opposed to some consultant that wants to suck you dry with fees. they know less than that beautiful woman standing there. all they know is how to get fees. i said, let me ask you, how important is the wall? not that i'm going back, because i am not, but i feel better about it because they say mr. trump is vital, especially in terms of stopping the drug traffic going to the borders. you ever seen the wall they have? they take a pogo stick and go right over the wall. they actually build a ramp and they go over with a car loaded with drugs. not going to be any ramps with my wall. it will be a serious wall. it will be a real deal wall. it will be way up there.

it will be a big, beautiful wall. and you know what? someday they may name it after trump, but i would rather have a statue in washington, d.c. so look, we are going to build that wall. mexico is going to pay for that wall. we have a $58 billion trade deficit with mexico. $58 billion. that does not include the drugs pouring across the border, and yet we have companies moving into mexico. they just took the world golf championship out of miami and brought it into mexico. the people of miami are furious. they brought it into mexico. they signed like a six-year deal with mexico. they take everything. they take everything, because we allow it to happen. we are not going to allow it. we won indiana big. remember, that was going to be a firewall. it was a firewall. it was a firewall for me. i won in a landslide. thank you bobby knight.

others, by the way. we had incredible support. so many people came out. and they supported me. i knew i was going to win indiana. they kept saying we are going to win indiana. let me tell you what i think. i think, and let' say ted cruz won, he would not be here right now. let's say somebody else one. they would not be here right now. they always give up in california as a republican because they say you can't win. i think we can win. i think we can win. so we are going after california. we are going after the state of washington. we are going after places that no other republican goes after because we have a little bit of a tighter path. we have a few states where if we do not win them, it is over. whereas democrats can lose numerous states and they win. we have a tighter path. i am not your typical person. costa mesa, 31,000 people. they hardly showed that.

that was the day the kid was breaking the police car. he was probably not arrested. sheriff joe arpaio, who is tougher at the border than that? sheriff joe totally endorses me. nobody tougher than sheriff joe. i saw this. they had a couple of people protesting. they put them in jail and a couple of seconds. that is the way it has to be done. that is the way it has to be done. we need strengthen our country. i see it. night in sant jose, and then this democrat mayor gets up and says, i think it was donald trump. you know what i say? when we have a protester inside, which is not very often, i say be very gentle, please don't hurt him, take care of him. if he wants to shout -- if he

punches you in the face, smile as your nose is pouring blood out of it. be very, very nice. we had a case where we had an african-american guy, who is a fan of mine, great fan, great guy. what is going on? look at my african-american over here. look at him. are you the greatest? you know what i'm talking about? ok. so we had an african-american guy at one of the rallies a month ago. we had protesters inside the arena dressed in a ku klux klan outfit, ok? they are running around dressed as ku klux klan. the place is booing and booing. this african-american gets up, and man, he slugs these guys. he slugs them. by that time, their hat was off because it got ripped off as they were running up the stairs, but this guy, a great guy, i

think he was a military guy for a long time. he slugged his guy wearing the ku klux klan outfit, but by the time he got up to the top, you could not see it was a ku klux klan outfit. so when the african-american coldcocked this guy, this guide did not know what happened, everybody thought the african-american was against me, and it was the opposite. he was his great guy, military guy. we have tremendous african-american support. i'm going to bring jobs back to our country. we are going to bring jobs back. but when the sleazy people, these dishonest people, who never show the crowd, they never show the crowd, when they show that event, it made it look like the white guy was on my side. the african-american guy said, i had enough.

and nobody is going to run through an arena like that, and they reversed it, and it is a disgrace, ok? let me tell you while we are on the subject, we are going to bring jobs back to this country. we need our jobs. we are going to make it very expensive for companies to fire everybody and leave. you know, your area has lost one in three manufacturing jobs over a fairly short time. that is a lot of manufacturing jobs. your crime rate is way the hell up. when i go to connecticut, landslide. maryland, landslide. rhode island, landslide. delaware, landslide. the week before that we had new york, super landslide. they know me in new york. we have three people running. i got 62%. i won so much that people could

not believe it. way above projections, i knew i was going to win. even for you, with the people who know me do best, they give me a tremendous vote of confidence, and we won it. then you have these guys, donald trump is not at 50%. i have 12 people running against me in some of these states, right? ever notice that? here is a guy, mr. trump will not run. this is the finest field of talent ever assembled in the history of the republican party. that was before i ran. i listen to krauthammer say this is the finest group of talent ever assembled in the history of the republican party. i looked at my wife and said, maybe i should not run. except krauthammer does not know what he's talking about. he is overpaid. he was the big one for the war. go into the war. go into iraq.

fight like hell. lose thousands of lives. it's been $2 trillion. you know what we got? nothing. you know what we did? we gave iraq to iran. with that being said, we are going to build our military so powerful, so strong, nobody is going to mess with us. our military is depleated. did you see those things on fox and cnn where they had a sort of documentary on what is going on with our flyers, right? we have these great airmen. what is going on with our equipment? our f-16s, f-18s, they have the fighters, but they don't have parts, so they go into a plane graveyard where they dump the old planes and they are stealing parts for our fighter jets. and they are stealing parts from museums, they are going in and

taking parts because they want to be able to continue to fly. this is the united states. can you imagine them doing that? and then they spoke to these young pilots, these great guys, and said, well, what do you think? they are leaving. as soon as their term is up, they are leaving. they remember how great it was 15 years ago when they started. this is the united states, folks, and we are never going to be doing that kind of thing again if i am president, i tell you right now. i tell you right now. so we have a lot of things to do and we are going to do things the right way. hillary clinton is not a talented person. she is not a natural. she was not meant for this job. she is greedy. she is greedy as hell but, she does not have the talent for the job. she is not a natural for the job, and she is just not a

natural talent. honestly, folks, look, beyond me, if you choose a hillary clinton, this country is going to die. it is going to die. she is not respected by other countries. as an example, when i said japan, look, we may have to walk, but japan, you have to pay up. you have to pay up. and if they don't pay up, we have to walk. and you know what? they will have to defend themselves. that's ok. that's ok. i never said nukes. what i'm saying is that they will have to defend themselves. right now, we have to defend them from north korea. if anything happens, we have to defend them. i say this to everybody, we defend them, but if we get attacked, japan does not have to help us. now think of it. that is our deal. sergeant bergdahl, we get bergdahl and they get five of the killers.

i call him the five-for-one president. it was the same with the iran deal. we should not have even started negotiation and till we got those prisoners back. and not once did this stiff. he is a total stiff, john kerry, not once did he get up from the bargaining table and say, sorry, folks, you take care of yourself. leave the room. double up the sanctions. they would have called him within 24 hours. and by the way, the biggest loser in that deal aside from us is israel. israel is beside themselves over that deal. that deal is a disaster for israel and the middle east, because you will have countries now start to arm up and arm up big. it is a disaster. this is the president we have. i believe that hillary clinton is going to be worse than obama, ok? i believe she has less talent

than obama. she has less natural ability than obama. and i'm not saying that --, because he doesn't. he has an agenda, folks. nobody could be so stupid and make deals like this guy is making. remember this. remember this. obama has been talking lately, talking about donald trump, and normally i would not want to attack the president. i would not want to say bad. i would rather not. he started speaking. now he has been very quiet lately, very quiet. you know what? he started speaking. once the attacks, we are allowed. he will go out and campaign for hillary. hillary hates obama, you know that? she has hated him for years. obama called bill clinton a racist. bill clinton hates obama. he hates obama. hates him.

the biggest surprise to me is that he made the speech at the convention for him. honestly, because he hates obama. hillary clinton can't stand obama, but now hillary will do anything he says. you know why? she does not want to go to jail. you notice? all of a sudden they were going to disassociate themselves with the president. all of a sudden anything he wants, she will do, because it seems -- let's take the word "seems" out. they are protecting her from going to jail. and she does not want to anger the president by saying, i disagree with you on this trade, so she agrees with just about every single thing that he wants to do. yes, sir. no, sir. i think she should start calling him sir, ok? and that is what is happening, folks. we are going to have a whole different thing. remember this about obama. i always thought one thing, i never thought he'd be a good

president. i thought he was going to bring the country together. i thought he was going to be a good cheerleader. he has been a disaster cheerleader. no, no, i know what she said. it's, you know, hey, a lot of people say that, by the way, but i thought it would bring the country together. she can't bring the country together. it's not there. he's divided the country. wealthy, eight less than wealthy, white, black, he has been the great divider. he has been a terrible president. hillary clinton will be worse, believe me. she will be worse. she is going to be worse. she has a chance of being far worse. look at the libya deal. look at it. you know it's among the finest oils in the world, right?

it is one of the fine oils in the world. you know what? isis has it. i met with the fiancee of the ambassador who was killed. yesterday, she is supporting trump, a very nice woman, and she tells me stories about hillary that are unbelievable, unbelievable, horrible stories about hillary. i said, are you sure that you are supporting me? i thought she would be on the democrat side. she said, i am supporting you, but she told me stories about hillary that are horrible, horrible. she said the ambassador was like a great guy. what they went through was supposed to be beyond comprehension, including the other three young people. and remember the ads, the phony ads with hillary, who do you want answering your phone at 3:00 in the morning. she was sleeping. she was sleeping. she was sound asleep, or who knows, but she did not answer the phone. i say she was sleeping.

i say she was sleeping, because she has no energy. i say she was sleeping, all right? you know, i say was a terrible thing. and benghazi has never really been picked up like it should be picked up because the president never picked it up. it is an honor you are here in this kind of heat. i know a number of you went down. i love you all. you're going to be so happy and so proud. you have to go out on june 7. you have got to go out. you have got to vote. because we are sending a mandate. we already won, and we are now ahead by millions and millions above the people that came in second. i won't even tell you who it is. we are ahead by millions. the bigger mandate we have, the stronger the movement will be. and most important, get everyone of your friends, and in november, you have to vote. i will be back. i will be back. in november, in november, you

have to go and vote. let me just tell you, we are going to start winning again. we are going to win with our military. and we are going to knock the hell out of isis. and it's going to go a lot faster and a lot easier than people understand. we are going to knock the hell out of them. we are going to have strong borders. we will have the wall. we will be proud of our country again. we are going to repeal obama care. we will get rid of common core. 60%, think of it, in texas, 60% blue cross blue shield. 60%. it's going to be worse for other sections. and don't let them take that november 1 announcement and make it december, because that alone will destroy their chances of winning the presidency.

remember, don't let that happen, because they're trying to do it. they want to have a later announcement date. so we are going to start winning with so many different elements of life and our country. we will save our second amendment. hillary clinton wants to abolish it. she wants to abolish our second amendment. we are going to save our second amendment. we are going to win. we are going to win at every single level. i joke, i joke, and i have fun, but it is not a joke when we are going to win, win, win. we are going to win so much, three or four friends, great friends in the audience, and i say they're going to come see me at the white house, mr. president, sir, we are winning too much. the people of california don't want to win so damn much, mr. president. please stop this winning. we are not used to it as a country. we are used to losing all the time. we can handle it. i'm going to say, i'm sorry.

we are going to win, win, win. we are going to win with trade. we are going to win with military. we are going to win by getting rid of obamacare and replacing it. we are going to win at the border. we are going to get the wall. we are going to let people come into the country, and they're going to come legally. we are going to win so much and we are going to make america great again. i say greater than ever before. remember this, folks. america first. we don't put america first. we have these horrible, horrible trade negotiators. i actually think they are not as stupid as people think. i think they want to help everybody else. they want to help everybody but our country. we are going to have a policy of america first, make america great again. we will do it. get out on the seventh and vote, and boy, you better vote in november. thank you very much.

thank you. thank you. thank you, everybody. thank you. we love you. thank you. ♪ ♪

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>> i will live coverage of the presidential race continues tuesday night with primaries in six states, >> a different vision for our country than the one between our of democrats for progress, prosperity, fairness, and opportunity. the presumptive nominee on the republican side -- on education, no more common core, bring it down. we want it local. healthoing to win with care, and at the border. with got to redefine what

politics means in america. we need people from coast to coast standing up, fighting back, and demanding a government that represents all of us, not just the 1%. at 9:00 p.m.ve eastern for election results, candidate speeches, and your reaction. you look ahead at the fall battleground states taking you on the road to the white house on c-span, c-span radio, and c-span.org. ♪ >> c-span's washington journal live every day with the news and policy issues that impact you. coming up saturday morning, the senior reporter for military times takes a look at the state of veterans health care in the u.s. as well as proposed changes to the system. senior advisor for the

bipartisan policy center will be on to talk about how u.s. public and private health services are preparing for the mosquito borne virus asral's -- zika the summer progresses. also phillies to reach an agreement prior to the memorial day recess. and the new york times supreme court correspondent will discuss the fact that there is still the replacement to fill the seat vacated by the death of justice antonin scalia. how the supreme court is functioning with just 8 members. you will talk about what big cases will be decided later on this month. the sure to watch c-span's washington journal beginning live at seven a.m. eastern. join the discussion. now, a discussion about a comment isis and al qaeda posted by the global alliance for terminating al qaeda. among the speakers, a political advisor to the syrian president. this is two hours and 15 minutes. [captions copyright national cable satellite corp. 2016]

>> in the name of god. thank you for coming today. i ask everybody to stand for a moment for the victims of 9/11, the victims of isis and al qaeda, in baghdad, in san bernardino, in boston, and beirut. in mosul, in afghanistan, around the globe, the children who have been burned alive.

i ask everybody to stand up for one minute as a respect to the american heroes who are fighting isil, al qaeda, and iraq, and to every hero who are fighting the isis and al qaeda. please stand up for a minute. thank you. first of all, i would like to introduce myself. i am the founder of global alliance for terminating al qaeda, and after a couple of months after isis invaded iraq,

we added the /isis. which is the new version of al qaeda. windows 7, windows 8, windows 10. first of all, i would like to introduce the organizations as nonprofit organizations, nonprofit organizations. we are limited in budget. we don't have much money. but our message is so powerful. we are not associated with any government or affiliated with any group. today when i talk, i represent myself, and my guest speakers, everybody represents themselves. to give their opinion.

when we invited speakers, it does not mean that we endorse them. does not mean that. everybody should be clear of that. we are our own goal, our own vision, we believe we are unique in our vision. and we believe that we do have the solution to terminate the evil isis and al qaeda from the face of the earth. that has been inspired by president obama. yes, we can. that is what he said. yes, we can terminate them. but we know what we are doing and if we put the light and focused the light on the problems where is it? ,it is very complicated. to fight isis and al qaeda you cannot fight them militarily. you cannot. it's a product of the complicity of the region, product of too many factors, from the ideology

they carry, from countries that became a proxy war. it became a proxy war today. we've been stuck with the status quo. we understand. there's a lot of differences within government, with the religion, within the societies, within everything. we have differences as human viewing -- human beings. that is why we have united nation we can solve our problems with differences. but when it comes to isis and al qaeda, there is no differences. we all should be united to terminate this evil. we cannot do it unless we have understanding who are the good and you are the fat and who are the ugly. the good, the bad, the ugly. it's very important to know that.

it's clear we have differences. but we have been inspired by a fixture in the second war when president of the united states of america stood next to the butcher, stalin, who killed 20 million, he is evil, but what makes roosevelt and churchill, the head of capitalism, to sit with the head of communism? a simple answer. hitler. the bad hitler. the bad hitler makes the east and the west to be united. to terminate hitler and the nazis, the evil ideology who burned 6 million innocent

jewish. in war we cannot be silent. we cannot keep silent. and roosevelt, a hero, we were proud of roosevelt when he had the courage to stand and said we have to be united to destroy the nazis, and hitler, and they did. they succeeded in this mission. we have been inspired by this picture. today, ladies and gentlemen, we do not have stolen. -- do not have stalin. but we have worse than hitler. isis and al qaeda. isis and al qaeda are worse that hitler. they occupied land for two years. the every day path we are heading toward a disaster.

how come? they condemn isis and al qaeda, and until now we let them stay? how come? makes ourat organization to have a reason. the tragedy, the catastrophe, we see the miserable has been done by this evil. i don't call them except evil criminals fascists, dirty , people. not islamic. not islamic. that is the biggest mistake. who calls them an islamic state. isis is not islamic. al qaeda is not islamic. if it islamic, it cannot be terrorist. a terrorist cannot be islamic. we are sending the wrong message to isis and al qaeda.

they are happy, inspired, happy to call them islamic terrorists. ladies and gentlemen, it is not a military war. it is an ideological war plus military war, plus political war, plus media war, plus psychological war. the war of all aspects. we have to be careful even when we use terminology with these criminals, to be in their shoes. they say look they call us islamic terrorists. ladies and gentlemen, i came from a city, born in baghdad. only baghdad i'm talking about. only one city they call baghdad. since the liberation of baghdad, there's more than 20,000 terrorist acts. 20,000 terrorist acts for a city like maybe new york city or like chicago.

imagine in boston, when an explosion, how we get panicked here. but imagine a city daily -- daily. i'm talking with you right now, an explosion might be happening on one of the streets in baghdad. look to the news. even though they don't put them in the news. within half an hour they clean the streets. the traffic comes back again. as if nothing happened, just a car accident. nothing. i tell you it is baghdad. because today in baghdad they don't call them terrorists. they are not terrorizing the nation. they are not terrorizing the people. it is like a car accident. even isis and al qaeda got tired. we do it and it's not in the news, it's not in the media. nobody pays attention. i salute baghdad as a city taking in 20,000 terrorist acts and now the people of baghdad have the resilience and the determination to continue the fight against isis and al qaeda.

this city is teaching us a lot. today, we are at the moment we should terrorize this evil. i know there's a political differences. i know in this meeting i see hundreds of calls, what's going on? are you sure what you're doing? yes, we are sure. yes, we have a mission. our mission is to terminate isis and al qaeda from the face of the earth. but how are we going to terminate them without terminating their ideology? they are not islamic. when you call them islamic isis says thank you. thank you so much. that is why i give warning particularly to the republican party -- be careful when you use insist to use the word islamic terrorists. and i do salute president obama,

when he insists to call them thieves and terrorists and refuses to call them islamic, because there's 1.8 million muslims victims of isis and al qaeda ready to join us and to fight in the front. as an american muslim i am ready to volunteer and fight physically isil and al qaeda under the leadership of president obama. president obama opens would like to volunteer, i bet you he is going to see thousands and thousands of american muslims ready to go and fight isil and al qaeda in iraq and syria, ready to do it. american muslims. and every fabric of our nation, from doctors in the hospitals to congressman, cousin, two soldiers fighting right now in the american army. i give advice to donald trump, you have the wrong adviser.

do not insist or apologize to the american muslims and say sorry. i didn't mean you. i meant isil. wahabiism is coming from saudi arabia. if you take one obvious amount out, almost all the muslims in the group -- in the gflobe against isil. wahabism is a cult. that's called interpreted -- that cult interprets the car run in the way that -- interprets it.quran in ways they like silent about teaching hate, teaching killings. if you kill the shia, the christians, the jewish. the other muslim who is not your way. they are teaching that.

they are teaching that daily. and this is saudi arabia, our ally. everybody knows this war became a proxy war. it's a proxy war. right now there are differences in the area between iran, israel, saudi arabia, turkey, and some people took their side. the state department, they have a list of people who support isis financially and al qaeda. all coming from there and turkey -- all coming from saudi arabia and qatar. thousands of trucks full of oil exported to turkey, ice sill -- isis exporting oil. they are doing business with everybody. and nobody stops them and these countries are our allies. it's a proxy war. it's a proxy war. our orgization is trying to

break the status quo. we are trying to create a new environment. a new environment. everybody i know, ok, that's why we invited one of the guests to talk today about her political view. her view doesn't represent an organization. we are trying to build the bridge between where the problem is, between syria and iraq. right? the iraqi people and iraqi army, the peshmerga,, the popular mobilization force fighting in iraq. that's why you invited somebody in iraq who represents the mobilization, the mass mobilization. so we have the status quo. a lot of people say that bashar

al-assad is part of the problem. but you believe that is it , anchored by russia and iran? qaddhafi is not saddam. he is anchored by a super power by russia and iran. if assad goes, who is going to take over? isis and al qaeda. not the moderate opposition. not even 3-4 persons on the ground. so what we said, we have a vision. we have a vision to go inside with rand paul and with richard black the senator, ok, and the senator rand paul and congressman rand paul. and also, we agree with chuck hagel who resigned. it is not because of the issue of syria. another question asked why , syria? because isis came to iraq from syria.

within minutes, a second attack to mosul, the city of my mother, by the way. people are suffering right now in mosul. and i'm in touch with them. they said they would rather to die than to live under isis. they need help. they need the whole world to wake up and please come and help us. so we have the status quo. say today in iraq we terminated isis, we finish isis. what do we see in we see in one month they're going to come back again. when you have a termite, you look through the whole building. and isis and al qaeda, if you want to destroy them in iraq you have to destroy them in syria. you cannot do half the job. you have to do a complete job. it has to be a package, totally. i know, i'm limited in time.

i know i'm limited in time and i do have the signal light. the time is over. ok? but we have a question/answer at the end of the program. i would love to introduce you today to the imam, the muslim imam from the mosque. the american muslims. he is going to give you the vision. he was invited to the dnc. they invited him one time. it was in all the news to talk about this. and he is very well spoken. one of the founders of the opposition in the united states of america. he was the one invited by president bush. he is so popular and so lovable.

he is going to give you the image about the american muslims and islam and he will tell you, that she will tell you the real islam, not from isis, not from wahabiism. no. i would love to introduce him. thank you so much. [applause] >> thank you, a very revolutionary speech that you have given. good morning, everybody. the peace of god be upon you all. it is an honor to be here with you in washington, d.c. to speak to you about the problem of the times, the problems of the generations. the present generation. terrorism. and how can we solve it. how do we look to it.

who is behind it. is it growing. is it getting less. who is getting interested, who is getting hurt. in this 15 minutes i don't know how i'm going to do that but first let me give it a try. first, let me speak from the koran. >> speaking a foreign language. >> in the holy book of koran. the same thing that we hear in the torah. the same thing that he has said in the bible. the koran, different cookies but the same dough. the same sources. so that said, whoever killed an innocent person like he or she kills the whole humanity. and whoever saves the human being is like he has saved the whole humanity.