lauren: i think you are both wrong. i'm doubling of that. i think it's 20,000. involuntary breathing, intentional breathing, what kind of breaths and who is the average person? very strange question. stuart: we are not average. 7.3 million breaths the year. by the time you are 50. send in your friday feedback. david asman. david: happening now coast to coast donald trump is set to speak to the economic club, markets are closely watching his take on taxes, growth, interest rates and how his

plans differ from kamala harris or what we know. as we await remarks from the former president, charlie gasparino on the street there, in this? go ahead. charles: i will be there, he's about to arrive in 15 minutes. and he might catch them walking by. and i was once at an alan greenspan reception here, that's how important to set the economic agenda.

in economic speech from donald trump, on the other side, slowly leaking out. donald trump will elaborate on a few things. one will be trade policy. there's a lot of free traders here, donald trump has 10% across-the-board tariff plan, people want to know is this a negotiating position or is this hard and fast, i will let him speak to it. my producer has interesting details. he will mention crypto, crypto president and see how much crypto he gets into and he will tout tax cuts, that is central to the trump economic agenda. donald trump has a lot of meat

on the bones with his economic policy. the other side is pretty up to use meaning kamala harris's campaign. i am sure, donald trump doesn't mince words when he talks about kamala harris, called her a communist. you might have the exact words better than me but i am sure we will hear how kamala harris is a communist in his words pretty soon. david: communist is one of the nicer things he's said about her. his advisers say laid-back with the name-calling. that's not getting you anywhere. may please the one third of voters are going get to vote for you no matter what but it is not going to get you the middle ground. he also by the way, talking about taxes and regulations apparently will be endorsing elon musk's plan for the

government efficiency commission. elon may be the head of that. there is more than $50 billion from the inflation reduction act according to the wall street journal that hasn't been spent. trump is saying he will hold that, essentially find other places to put it in the government and reduce the size of the government using elon musk's technique who reduce the size of twitter by 80%. he looks like he's just the man but we will be hearing more about that, right? charles: one of donald trump's weak spots has been spending. he spent a lot of money when he was president. he wasn't conservative in spending, part of it was covid related. even before that he wasn't a guy that was cutting stuff. putting elon musk in is a bout a that conservative budget

conscious wing of the republican party in the voting base that is freaking out about national debt that is off the charts, one hundred 30% % of gdp at levels that can't be sustained. putting elon musk in, someone who understands how to pair business down. twitter is a big organization. he laid off 90% of the staff. is twitter running any worse than when he had those bodies? worked seamlessly. he is a perfect guy for that. maybe we will get more details on what role elon will play, reporting it, tweeting it, writing it and we will see what happens. he will be here. david: i want to delve deeper into the tax plan. the tax plan expires. a corporate rate is expected to

stay but everything else 65% of taxpayers got a tax reduction as a result of the new tax code as opposed to only the rich benefit. if kamala is president in 2025 tax cuts expire putting in a new one, goes back and 65% get a tax hike. >> one of the problems with the volatility, corporate taxes will go up, she said it all. one of the problems with the market is kamala harris aside from depending on the pole, it is her policy impact on corporate america, not good for stocks to have higher corporate

tax rate. you save through the stock market these days. if you are a construction worker, you have a 401(k), it in stocks. when you think of both economic plans, tax cuts for the rich, help shareholders, i'm sure we will hear that from donald trump today. david: i will let you get situated in the room. he will see trump is sooners he arrives. maybe he is coming. we will see where donald trump is speaking from. we will take you there live as donald trump arrives, charlie there, larry kudlow in the room as well. we haven't well covered including the live event itself. vice president kamala harris unveiling her plan for 28% capital gains tax which you hear 28% but it would rise to 33% for top earners.

that is lower than the rate donald trump -- that president biden laid out in his budget but at kamala's rate, would be the highest rate since 1978. the latest on all of this. >> reporter: we are getting dribbles of what her plan will be. there's no tab on her website. what she plans to do on top of that, as part of the biden harris administration budget campaign spokesperson on capital gains defending the plants showing she is distinct from president biden. >> she thinks 36% is too high and we could be lowered to 28%. there are broader economic goals.

>> allowing the tax cuts to expire amount to a tax increase on every american raising taxes to 39. 6%. investment income taxes to 5% corporate tax rate up to 28%. the big one for investors, the vice president wants to tax unrealized capital gains. >> we do not want to crush our most productive people by raising taxes even if those higher tax rates under harris are lower than the rates biden was talking about. i'm not impressed. >> and also a deduction for small businesses as we wait for donald trump going from $5000-$50,000 for startups. a similar plan past the house we 6 years ago led by republicans that supported by donald trump, art laffer says one tax deduction she's

proposing would be wiped out by the tax increases the vice president wants to do. david: we have new york post election editor kelly jane torrence to discuss, mario torrence is in studio and we thank you both for being here. we may still have to get your microphone kicked in but kelly jane, the bottom line is kamala right now, kamala harris, our vice president had been linked to bidenomics, she had been linked to all the economic programs laid out when talking about tax plans, regulations during his administration, now she's trying to separate herself and come up with her own plan but seems on the flyer, taking a piece of this, no coordinated plan that i can see or for voters to look at.

>> you are correct. what she seems to be doing mostly is working at the margins a little bit. let's get the capital gains tax down but hiding some of it because of a higher rate for top earners. the big thing she's doing on her own is the unrealized capital gains tax. look at things she has been saying this week. she wants targeted programs for small businesses and families. that sounds good. who doesn't want to help the targeted. then you see what she's talking about and race, diversity, all those come into play. david: we will come back to both of you. the former president has arrived, another economist there, at the economic club of new york, just being introduced, let's listen in. >> for about 30 minutes, four

questions from floor members. thank you for being here and welcome. [applause] >> thank you very much. they told the you could speak for an hour and 1/2. he didn't like the way i looked. didn't have a lot to say. i want to thank you and i want to thank friends and respected business leaders for welcoming me back to the new york economic club. thank you very much. former director of the national economic -- larry kudlow. [applause] >> former chair of the council of economic advisers kevin hassett.

ambassador robert lightheiser, former secretary wilbur ross. former treasury secretary steve mnuchin. former sec chairman j clayton. ambassador woody johnson. senior advisor stephen miller. my friends and respected business leaders, john paulson, jamie dimon, steve schwartzman. jeff scranton. richard curtis. former head of the world bank, david malpass. and presidential transition team being inundated with calls and requests.

thank you. as to after today, an economic disaster on our hands. monopoly and prices. a failing nation in syria under my former open opponent joe biden. and my new opponent kamala harris, 1.3 million workers, i don't know if anybody knows is that the typical american family, $28,000 due to rampant and record-setting inflation, credit card debt reach to the highest in history with them reporting they are maxed out their credit cards, maxed out. families now need turn an estimated 110,000 a year to

afford a typical home meaning 65% of households are locked out of buying an ordinary house. gasoline prices, grocery prices. electricity prices. mortgage rates and virtually everything else are up. 30% to 100% since i left office. 8.4 million americans are working second jobs, the highest in 30 years. the real wages of african-american workers are down by over 6% short period of time. the real incomes from hispanic men are down 6. 6% % or $3600 a year on top of that african-americans and hispanic american jobs are under massive threat from the invasion taking place at our border, they are taking the

jobs of hispanic americans, african-americans, nobody talks about it but i won't let it happen but after presiding over the border, the worst in history for any country, never been a border like this, 21 million people we project, the border czar, kamala harris, has now been slaughtered in by the democrats to be reelected. she wants four more years to enforce a radical left agenda that poses a threat to the prosperity of every american family and america itself and we are talking about america itself. she wants to defund the police, have totally open borders, ban tracking in pennsylvania and everywhere else, take away private health insurance and

perhaps most pertinent to the very brilliant people in this room raise your business and corporate taxes and unbelievably she will seek a tax on unrealized capital gains. most people don't know what that means. what does it mean? she has been after all of this for years and as everyone knows, she is a marxist who destroyed almost single-handedly san francisco and when she was the ag california itself not the same place, people are leaving, they are fleeing like they are in new york, she will seek out and try and get those things if she is elected and she may very well succeed in getting them. she recently said her values have not changed and these have

really been her values for her entire career. her values had been changed, that is what she wants, she told the truth, we are not going to let this happen. communism is the past, freedom is the future and it is time to send conrad kamala harris back home to california where crime is rampant and fleeing is the number one occupation. i'm here to lay out my plan to rescue our country from this nightmare and to bring back to its citizens the american dream bigger, better and stronger than ever before. 8 years ago i came before you as a candidate for president and shared my vision to end the stagnation and return to rapid growth is what we did. as president i am very proud of to say that we accomplished something nobody thought that was even possible.

before the pandemic, real median household income rose by $7684 and even after that, annual incomes were up $6400. the average american household saw $197,000 increase in real net worth in 48 months. for the bottom 50% of households average wealth more than doubled, increasing by 121%, lowest income people benefited the most. after 12 years of decline we added nearly 7 million new homeowners, we created 7 million new jobs, 260% more than projected. when i took office they said you couldn't hit those projections, we were 260%

higher than what we said we could do. from the day i won to the day i left, the s&p 500 increased by 80% and we did it all with virtually no inflation, we had virtually no inflation. who could believe that? i deliver the largest tax cuts and reform in american history by far slashing rates for working families and cutting the business tax from the highest in the world, we had the highest in the world. 35% and actually when you add local and state numbers that were getting close to 50, but much much higher, nobody has ever seen we brought it down to 21% which everybody said was impossible to do and i heard it from everyone, you will never do that and i got it it to

21%, cut a record number of regulations. in four years we cut more regulation than any president in the history of our country by far, proud to be the only president in modern history to achieve a net regulatory reduction during my term and it was a substantial reduction and for every regulation we added we cut 5.5 regulations. we unleashed american energy and within three years we had increase domestic oil production by 47% and just getting started. the price of gasoline was $1.87 a gallon. doesn't that sound good right now? we negotiated and renegotiated 50 trade agreements with other countries that were taken advantage of us as they are due to protect the american worker

and to open foreign markets and we did a great job. i ended nafta, the worst radial ever made in the history of our country and replaced it with the usmca, the best radial ever made in history, mexico and canada. i stood up to china like no one else before me, no one came close. i saved the us auto industry from obliteration with a 27.5% tariff on all chinese cars that remains in place to this day. they want to take it off but they can't because there is too much money and number 2, we would be invaded by chinese cars on top of the other invasions that are taking place. the auto industry would be dead and now going further, the auto making industry to record levels of 37 years ago. and we will be able to do it

very quickly through tariffs and other smart use of certain things we have that other countries don't. for four straight years i fought for american workers like i would fight for my own family. i took care of the economy like i would take care of my own company. every decision i asked will i create jobs here or will i be sending jobs overseas? will it make america richer and stronger or will it make our country weaker and poorer? i always put america first every single time and when our country was hit by the china virus we saved the economy, we rescued tens of millions of jobs and after covid i handed kamala and joe the fastest and strongest recovery ever recorded, nothing even close, with 1.4% inflation, 30 year

mortgage rate at 2.4% and the highest stock market in history despite the pandemic. to date i handed them back the highest stock market to date after having just suffered with the rest of the world a pandemic the likes of which nobody had ever seen before. we did an incredible job and remember more people died of covid under biden/harris than under donald trump. many more people. we delivered an economic miracle which kamala and joe turned into an economic disaster just like they turned the border and the whole world into a catastrophic surrender spirit it -- starting on day one kamala launched a war on american energy and orchestrated a net nation wrecking border invasion with

illegal aliens pouring in from countries all over the world. they came in from countries nobody ever heard the name of that country, those countries from their prisons, and jails, there's a difference, from mental institutions and insane asylums as well as record numbers of terrorists, human traffickers and sex traffickers. numbers that we have never seen before taking place over the last 3.5 years, then kamala cast the deciding votes on trillions of dollars in wasteful spending which together with their terrible energy policies gave us the worst inflation perhaps in the history of our country. nearly 2/3 of the jobs created under the harris/biden administration were bounce back jobs, bounce back, they were bounce back jobs that i handed them from before the pandemic.

this happens with pandemics, you have bounce back jobs, pandemic comes and it goes and those people go back to their jobs and just last week president biden admitted on social media, i don't know if he knew what he admitted but that is what it said, i wonder who drew it, perhaps that person is no longer employed by the democrats but right now it is even worse than that. under kamala harris's policies 3 million workers are now missing from the job force compared to 23 million workers, half a million fewer people have full-time jobs than a year ago. 100% of net job creation in the past year has gone to illegal migrants. one hundred% of the jobs

created under this administration has gone to illegal migrants that came into the country. president biden and kamala harris formed the worst presidency advice presidency by far in the history of our country, this election will decide whether we reward kamala harris with election and four more years of crime, economic calamity and international humiliation or whether we change that direction and once again build the greatest economy in the history of the world which we had during the trump administration. kamala harris is the first major party nominee who fundamentally rejects freedom and embraces marxism, communism, and fascism, you are learning about this, you will find out nobody knew who she was, just a few months ago they didn't know who she was.

she is promising communist price controls, wealth confiscation, energy annihilation, reparations, the largest tax increase ever imposed, mass amnesty and citizenship for tens of millions who consume trillions of dollars in federal benefits and destroy social security and medicare, they will be destroyed. they are already putting into your social security and medicare roles. i am promising low taxes, low regulations, low energy costs, low interest rates, secure borders, low, low, low crime, and surging income for citizens of every race, religion, color, and creed. my plan will rapidly defeat inflation, quickly bring down

prices and reignite explosive economic growth. kamala harris will take more money out of american pockets. my plan will leave the typical family with many thousands of dollars more than they have right now. first, i will end kamala harris's and high-energy crusade and implement energy abundance, energy independence and even energy dominance. we have more liquid gold under our feet than any country including russia and saudi arabia. we will be using it. my plan will cut energy prices in half or more than that within 12 months of taking office. it will be an economic revival of our country like no one has ever seen before. energy was what caused our problem initially. energy is going to bring us back.

that means we are going down and getting gasoline below $2 a gallon, bring down the price of everything from electricity rates to groceries, airfares and housing costs. that is why opec and the arab nations, honored to have some of my friends here with us today from that part of the world, working hard despite being here that i not be your president. they don't like me. meanwhile, kamala harris can't bring down the price of anything because her energy policies are driving up the cost of everything. everything is up. starting on day one, harris and biden opened up the russian pipeline called nordstream 2 which nobody ever heard of until i got involved and said what about nordstream 2 and nobody knew what i was talking about, largest pipeline in the

world, russian pipeline, but i had it closed. it was shutdown. vladimir putin was not happy. we shut it down. they came along, the keystone xl pipeline was shut down by them so they shut down the keystone and immediately gave russia the right to start rebuilding the nordstream 2, the biggest pipeline you've ever seen. we reentered the horribly unfair to the united states through them when they came back paris climate accord, so unfair to us, we pay trillions of dollars, other countries pay nothing, as soon as we came back, he went back into it, i got us out of it and reduced the area of the federal land available for drilling by 80%, did that. if i was president oil production today would be four

times higher than it is right now. would have been four times higher, right now we would be doing four times as much and we had the largest drilling site in the world in alaska which everybody wanted to get approved but weren't able to do it, ronald reagan fought so hard, he couldn't do it and it was easier in those days than it is today with the environmental concerns but they came in, their first days in office to they terminated and more amazingly, biggest drilling site we think in the world, bigger than saudi arabia. bigger than texas. we got it. and they terminated it. and or the epa powerplant rule, more than 50 power plants have been shut down since she took office and virtually all

coal-fired power plants would be shuttered in the next couple of years, setting the stage for catastrophic energy shortfall which we already have the would make inflation far worse than it has ever been. they want to close down our power plants and we don't have power already to address the dire energy crisis that kamala and joe have created and i will issue a national emergency declaration to achieve massive increase in domestic energy supply which you are going to need electricity is desperately needed for ai ai controversial but we got to be the top of it and we would need, hard to believe, twice the electricity that we currently have right now for everything to be

dominant and china is already building massive electricity producing plants we haven't even thought about it. we will think about it and i will get it done on an emergency basis so we will be the leader in ai and every other form of technology. with these sweeping authorities we will blast through every bureaucratic hurdle to issue rapid approvals for new drilling, new pipelines, new refineries, new power plants, new electric plants, reactors of all types, prices will fall immediately in anticipation of this tremendous supply we can create rather quickly and we will be the leader instead of the lacquer. second to further defeat inflation my plan will terminate the green new deal which i call the green new scam, greatest scam in history probably, $10 trillion scam

that we throw like throwing money right out the window, it sets us back as opposed to moves us forward and all unspent funds under the misnamed inflation reduction act which the democrats agreed after it was approved that it wasn't for that purpose, it was for other purposes like giveaways. kamala spent $7.5 billion to build 8 charging stations, a fuel pump with the electricity coming out of it, 8 charging stations in the midwest for electric vehicles cost billions and billions of dollars, 7. $5 billion they think about the costs are still going and three of them don't work and never will preferably. other than that it worked out quite well. i will end the electric vehicle

mandates, stop the appalling waste and save taxpayers and estimated $1 trillion. i will launch a historic campaign to liberate our economy from crippling regulation. my first term i pledged to cut two old regulations for everyone new regulation as we did better than that as i said. the past four years kamala has added 6,003 a year in regulatory costs onto the backs of the typical american family. think of that. to stop this onslaught at lower prices i'm pledging that in my second term we will eliminate a minimum of ten old regulations for every new regulation, we will be able to do that quite easily actually and instead of attacking industries of the future we will embrace them including making america the world capital for crypto and bitcoin.

[applause] >> the suggestion of elon musk who has given me his complete and total endorsement, that's nice, smart guy, he knows what he's doing, he knows what he's doing, very much appreciated i will create a government efficiency commission tasked with conducting a complete financial and performance audit of the entire federal government, making recommendations for drastic reforms, need to do it, can't go on the way we are now. and elon because he's not very busy has agreed to head that task force. be interesting if he has the time, a good one to do it but he has agreed to do it. in 2022 fraud and improper payment alone cost taxpayers estimated hundreds of billions

of dollars. as the first order of business the commission will develop an action plan to illuminate fraud and improper payments within six months. this will save trillions of dollars, trillions. it is massive. for the same service you have right now, trillions of dollars is wasted and gone and no one knows where it went further taming inflation and bringing prices way down. the fifth pillar of my plan is to make the trump tax cuts permanent. they are massive tax cuts, biggest ever permanent and to cut taxes even more and we will have no tax on tips, something which they copy four weeks after i said it, no tax on tips, i just said that, she' s copying a lot of my plan, we will send her himaga hat next week, a special one day.

but we also know she doesn't mean it, she will stick with what her whole life has been about and also no tax on social security benefits. people on social security have been wiped out by inflation and on top of it we tax their benefits, we are not going to tax their benefits, we have so many ways of making so much money, the potential is so incredible, we don't have to take it away from people on social security, we won't do that, we will save social security, she's going to destroy social security. under the trump administration we proved targeted tax cuts cannot increase the deficit, they reduce the deficit by growing the economy and raising revenue after we gave the massive tax cuts we took the following year with a lower rate, billions and billions of dollars more than the previous year so with much lower rate, people were incentivized.

corporate tax revenue, it was signed. 31% higher. to further support the revival of american manufacturing my plan calls for expanded r&d tax credits, 100% bonus depreciation, expenseing for new manufacturing investments, reduction in the corporate tax rate from 21% to 15% solely for companies that make their product in america. [applause] >> have to make your product in america. if you outsource offshore or replace american workers, you are not eligible for any of these benefits, you will pay a very substantial tariff when a product comes in from another

country on a it is made in another country and comes in there will be a big tariff on that product because we want to make our goods in america and most of them we can. my message is simple, make your product here in america and only in america, we are not going to be taken advantage of anymore just as we made great inroads and progress four years ago we major medicine roads on this subject. we are not going to watch our wealth and jobs get ripped away and sent too far in countries which has been happening for many decades with us. china was built on what we are doing and what i started doing four years ago. what we are putting forward is the most pro-american manufacturing and jobs policy in modern history for any country. this plan will bring jobs and growth into our country at

levels never seen before. every business on earth will flock to america from europe, asia, the middle east, and all over the world. by contrast, kamala harris wants to sacrifice our wealth, kill the economy and drive jobs overseas to punish businesses. businesses will leave america. they are international companies. they report to their shareholders, they will leave america if her plan even in small form comes to before. her tax plan which includes the promise to end the trump tax cuts which by itself would be a massive tax increase would increase taxes by over $5 trillion, a record many times over. it would result in the largest small business tax i can

history massively raising taxes on 25 million small business people and raising small business tax rates to 43% and higher. in other words 20% higher than communist china. kamala is also vowing to raise corporate tax rate from 21% to 28%, taking it to 15%, she's looking to raise it to 40, 45, 50%. all you have to do is follow her, raise the capital gains tax rate which she wants to do and they don't want to give a number. for the first time ever impose a 20% tax on unrealized capital gains. if you happen to have a lot of wealth but no cash you are in a lot of trouble. this will lead america into a 1929 depression and it will be

a depression at a territory we've not seen for a long time. there's a gentleman that happens to believe that, scott. these policies especially the tax on unrealized capital gains would decimate the us economy, companies, and the innovation would flee from america to other countries. venture capital markets would disappear, the stock market would be annihilated and large shareholders, see years, senior pensions would totally go up in smoke, would be worthless. these are not policies designed to create a prosperous america, these are policies to turn the united states into venezuela on steroids. even for this reason alone, kamala harris must be defeated decisively this november, has to be defeated, cannot have her

be the president of the united states. under kamala, the united states is becoming a third world banana republic. she and her party are censoring speech, weapon icing the justice system and trying to further their political opponents, me, in jail. this hasn't happened. i didn't do that to crooked hillary. i said that would be a terrible thing, putting the wife of the president of the united states in jail but they view it differently nowadays but that's okay. they always have to remember two can play the game. nobody ever thought this was possible. this is how you create massive capital flight and turn once prosperous nations into absolute ruins. i will have no higher priority as president than to restore the fair, equal and impartial

rule of law in america, we lost the rule of law, who would have thought. [applause] >> number 6. under my leadership america will encourage domestic production instead of punishing it. as you know our country's manufacturing wealth was created at a time with very little domestic taxation, few regulations and most revenue came from tariffs from other countries. that was when we were at the wealthiest ever proportionately we were the wealthiest country ever during those days, that was before income tax came along, now we do the opposite, we impose lower tariffs and no tariffs, on farm producers. we have the lowest tariffs of any nation in the world and we relentlessly punish our own

companies for doing business in america. you do business in america you are punished tremendously. many companies come to me, i can't compete, sending kitchen cabinets, washers and dryers, everything, every motorcycle, sending them here, we can't compete and i made it so they could compete and thrive, we should get them up one day because every one of those people comes up to me and every time i see them they hug me and kiss me and love me because i saved their businesses. i intend to reverse this model and turn america into the manufacturing superpower of the world. we can do that by just being intelligent, the key to this effort will be a pro american trade policy that uses tariffs to encourage production here

and bring trillions and trillions of dollars back home and we deserve it, we've been helping other countries get rich at our expense for the last 50 years, we have been pouring our money into other countries getting nothing, nothing for it. we protect them militarily, we do so much for them, we get nothing. my plan is that if you open your factory in wisconsin, pennsylvania, michigan, minnesota, anywhere else in our country you don't pay a tariff tax. we don't pay a tax, make the product here but if you move your production outside the united states and send it back here which people are doing now, and i stopped it, stopped it cold but they changed it already, then you have to pay a substantial tariff to get your product back into the country. the result will be everyone in the world will want to be here and went to produce here and don't want to produce their product in america, it's going

to say made in the usa. we will be able to build ships again, we will be able to build planes again, we will be able to build our military again from within and all from within we will create the biggest greatest and strongest middle-class in the history of our country. we will have tens of millions of high-paying jobs in manufacturing, transportation, defense sales and support of export jobs, our auto industry will be the biggest beneficiary. in short it will be a national economic renaissance by using our heads, by being smart and not letting other countries take advantage of us. they've been doing it for so long it is so sad to see and i know -- they laughed at us behind our back. they can't believe how are stupid our leadership has been for so many years. we will ensure the united states has a giant steel

industry and aluminum industry and defense base. we want an industrial base that can take care of our defense needs 100% and you can call it what you want. some might say it is economic nationalism. i call it common sense. i call it america first. this is the policy that built this country and this is the policy that will save our country. in the words of a great but highly underrated president, william mckinley, highly underrated, the protective tariff policy of the republicans has been made and made the lives of our countrymen sweeter and brighter. it's the best for our citizenship and our civilization it opens up a higher and better destiny for our people. we have to take care of our own nation and her industries

first. in other words take care of our country first, this is when we had our greatest wealth. he was assassinated. left his group of people that followed him. teddy roosevelt became a great president spending money made by mckinley so mckinley got a bad deal on that one. he built tremendous wealth, the tariff act of 1887 and they had a committee that stated, what are we going to do, they had a big problem, problem like i hope to have with this country someday, so much money was coming in from foreign countries that they didn't know how to spend it. they had no idea so they set up a committee, we will set one up with the people of this room, how do we distribute the wealth of that we have and roosevelt

built dams and built railroads and national parks but he did it with the money that was made with tariffs for mckinley, highly underrated, very underrated president, given both credit, smart tariffs will not create inflation. they will combat inflation. i had almost no inflation and i had the highest tariffs anyone had seen, foreign nations will pay us hundreds of billions of dollars reducing the deficit and driving, largely, and tariffs with no effect on consumer prices or inflation. the anti-tariff people, they work for other countries, tremendous amounts of lobbying

money because it doesn't make sense what they are saying. we had no inflation and protection and so many industries, biden and harris letting it go, so easy to keep, fair trade tax cuts, regulatory cuts and energy abundance will allow us to produce more goods, better and cheaper in the usa than we have ever done before. and foreign nations will respect us again. i got along with foreign nations and tax the hell out of them and they liked me, maybe they respected me. a very strong man who is the prime minister of hungary, the only thing missing is donald trump, he kept the world safe, everyone was afraid of him.

i would like to say respected our country. china was afraid, they were all afraid. kim jong-il, i got along great with him and tried to explain to the fake news media that getting along with people, foreign countries is a good thing, not a bad thing, very good thing, smart thing, we will require all essential materials for the national security to be produced in the united states creating millions -- when we built the f 35 we have the wings built, we have the tail rotors built in another country, the seats built in another country, we have a electronics built in

seven different countries. what would we do if there is a war and we fight have those countries and we don't have to have a war, we are closer to world war iii than we have ever been in our lives with russia, ukraine which never would have happened if i was president, with october 7th in israel, the whole middle east is blowing up, would never have happened. respectfully iran was a broker, they had no money for hamas, no money for hezbollah, wouldn't have happened, there would be peace in the middle east and iran would be a big beneficiary, all these things that happened, inflation would have never happened and afghanistan would have never happened, the worst withdrawal from history, the most embarrassing moment in the history of the country caused president vladimir putin to go into ukraine when he looked at

how incompetently that was handled, he looked at it and he said they are incompetent, that was the most embarrassing day in the history of the united states of america. airplanes taking off with many people sitting on the wings of the plane and the side of the plane in the wings and you see them dropping off the planes at 3000 feet, they thought it was their trip to freedom. there has never been anything like that and no greater embarrassment. we lost 13 incredible soldiers, got to know the families very well. spent a lot of time with them four days ago in arlington cemetery, three years ago celebrating three years honoring their children and that is what they call them, their children, they always call them their children, they are gone, and many of those people there should have never left from there, should have

left from bagram. many of those people who were so badly hurt they don't talk about them, no legs, no arms, obliteration of their face, their entire body and nobody mentions that we left americans behind, large numbers, we left $85 billion worth of equipment behind because we took our military out first. a child with no you take your military out last. remember one final point on that because it is a little different from our subject but not really because it is all about our country and common sense but for 18 months i spoke to the leader of the taliban and. the press was very upset that i spoke to him. his name is abdul. i said don't do this.

don't do this. he said do you send me a picture of my home, i said i don't have to figure that out for yourself. don't do this. it is going to end badly for you. for 18 months we didn't have one soldier shot at or killed in afghanistan. [applause] >> and then we took our soldiers out. we had a very disgraceful disgraceful election. and this group came in and they didn't know what they were doing and still down to. with experience you are supposed to get better, a they are worse than they ever were. and we are going to turn our country around which we are going to become a major producer, rare earth minerals, we are going to create jobs and

truly self-reliant. remember the rare earth where we have to go to china, we have sites tied up more than anybody else, environmentally protected, we have sites that are phenomenal, everything you want in terms of rare earth and we can't use them because of environmental protection but we are going to end that very quickly as soon as i get to office. we will make housing much more affordable as inflation, inflation, interest rates will be down very low, we will get them down, 4% and lower, reducing mortgage rates is a big factor, get them back down to 3%, maybe lower than that saving the average home buyer thousands of dollars a year, young people are able to buy a home again and be part of the

american dream, we will eliminate regulations, drive up housing costs with the goal of cutting the cost of a new home in half. we think we can do that, regulations alone cost 30%, regulation cost 30% of a new home and we will open portions of federal land for housing construction, these zones will be all from low tax and low regulationone of the great smas job creation programs it will be of all time, open up our country to building homes and expensively so young people can buy homes, can't buy them anymore. millions of americans will take part in setting safe and beautiful communities reviving the frontier spirit and as i said reviving the american dream, it's all about the american dream, we don't talk about american dream with these people in office, they don't

want to talk about the ameri