1 00:00:01,000 --> 00:00:04,000 GOAL OVER THE NEXT 10 YEARS 2 00:00:04,000 --> 00:00:09,000 , OUR PLAN THE ECONOMY WILL 3 00:00:11,000 --> 00:00:12,000 AVERAGE 3.5% GROWTH AND CREATE A 4 00:00:12,000 --> 00:00:15,000 TOTAL OF 25 MILLION NEW JOBS. 5 00:00:15,000 --> 00:00:18,000 YOU CAN VISIT OUR WEBSITE. 6 00:00:18,000 --> 00:00:23,000 JUST LOOK AT THE MATH. IT WORKS. 7 00:00:26,000 --> 00:00:27,000 THIS GROWTH MEANS THAT OUR JOBS 8 00:00:27,000 --> 00:00:30,000 AND PLANS INCLUDING OUR CHILD 9 00:00:30,000 --> 00:00:33,000 CARE REFORMS THAT IVANKA TRUMP 10 00:00:33,000 --> 00:00:37,000 MY DAUGHTER, ARE SO INVOLVED IN 11 00:00:37,000 --> 00:00:41,000 WILL BE COMPLETELY PAID FOR IN 12 00:00:41,000 --> 00:00:43,000 COMBINATION WITH PROPOSED BUDGET 13 00:00:43,000 --> 00:00:44,000 SAVINGS. 14 00:00:44,000 --> 00:00:49,000 IT WILL BE DEFICIT NEUTRAL. 15 00:00:50,000 --> 00:00:51,000 IF WE REACH 4% GROWTH, IT WILL 16 00:00:51,000 --> 00:00:54,000 REDUCE THE DEFICIT. 17 00:00:54,000 --> 00:00:55,000 IT WILL BE ACCOMPLISHED THROUGH 18 00:00:55,000 --> 00:01:00,000 A COMPLETE OVERHAUL OF OUR TAX 19 00:01:00,000 --> 00:01:01,000 REGULATORY, ENERGY AND TRADE 20 00:01:01,000 --> 00:01:06,000 POLICIES. 21 00:01:09,000 --> 00:01:12,000 RIGHT NOW UNDER THE 22 00:01:12,000 --> 00:01:13,000 OBAMA/CLINTON POLICIES, THE 23 00:01:13,000 --> 00:01:14,000 ECONOMY GREW ONLY 111% LESS 24 00:01:14,000 --> 00:01:17,000 ORDER YOUR AND NUMBER THAT WAS 25 00:01:17,000 --> 00:01:20,000 SHOCKING TO PEOPLE THAT DO THIS 26 00:01:20,000 --> 00:01:25,000 PROFESSIONALLY AND FOR LIFE. 27 00:01:25,000 --> 00:01:28,000 IT TRANSLATES INTO MILLIONS OF LOST JOBS AND CERTAINLY MILLIONS 28 00:01:28,000 --> 00:01:31,000 OF LOST GOOD JOBS. 29 00:01:31,000 --> 00:01:32,000 BECAUSE WE DON'T HAVE GOOD JOBS 30 00:01:32,000 --> 00:01:33,000 ANYMORE. 31 00:01:33,000 --> 00:01:37,000 THOSE JOBS ARE GONE AND GOING. 32 00:01:37,000 --> 00:01:41,000 THIS IS THE WEAKEST SO-CALLED 33 00:01:41,000 --> 00:01:42,000 RECOVERY SINCE THE GREAT 34 00:01:42,000 --> 00:01:44,000 DEPRESSION. 35 00:01:44,000 --> 00:01:47,000 OVER THE LAST SEVEN YEARS, THE ECONOMY ONLY GREW 2.1%, THE 36 00:01:47,000 --> 00:01:52,000 SLOWEST PERIOD IN 70 -- 7-0 -- 37 00:01:56,000 --> 00:01:58,000 70 YEARS. 38 00:01:58,000 --> 00:02:00,000 UNDER REAGAN, IT WOULD HAVE 39 00:02:00,000 --> 00:02:04,000 MEANT 10 MILLION MORE JOBS. 40 00:02:04,000 --> 00:02:05,000 PERHAPS MOST SHOCKINGLY, ONE IN 41 00:02:05,000 --> 00:02:07,000 SIX MEN AGED 18 TO 34 ARE EITHER 42 00:02:07,000 --> 00:02:12,000 IN JAIL OR OUT OF WORK. 43 00:02:12,000 --> 00:02:13,000 MEANWHILE, ANOTHER 2 MILLION 44 00:02:13,000 --> 00:02:15,000 HISPANIC AMERICANS HAVE BEEN 45 00:02:15,000 --> 00:02:17,000 ADDED TO THE RANKS OF THOSE IN 46 00:02:17,000 --> 00:02:19,000 POVERTY. 47 00:02:19,000 --> 00:02:20,000 ON TOP OF IT ALL, THE 48 00:02:20,000 --> 00:02:24,000 OBAMA/CLINTON POLICIES HAVE 49 00:02:24,000 --> 00:02:28,000 DOUBLED THE NATIONAL DEBT. 50 00:02:28,000 --> 00:02:29,000 IT TOOK MORE THAN 230 YEARS FOR 51 00:02:29,000 --> 00:02:32,000 THE UNITED STATES TO ACCUMULATE 52 00:02:32,000 --> 00:02:37,000 ITS FIRST $10 TRILLION IN DEBT. 53 00:02:39,000 --> 00:02:40,000 IT TOOK PRESIDENT LESS THAN 54 00:02:40,000 --> 00:02:42,000 EIGHT YEARS TO ADD ANOTHER $10 55 00:02:42,000 --> 00:02:47,000 TRILLION. 56 00:02:51,000 --> 00:02:52,000 NOW, IT WOULD BE ONE THING IF THAT MONEY HAD BEEN USED TO 57 00:02:52,000 --> 00:02:53,000 COMPLETELY REBUILD OUR NATION 58 00:02:53,000 --> 00:02:55,000 OUR MILITARY, OUR 59 00:02:55,000 --> 00:02:56,000 INFRASTRUCTURE. 60 00:02:56,000 --> 00:02:59,000 BUT THAT DIDN'T HAPPEN. 61 00:02:59,000 --> 00:03:01,000 INSTEAD, THE OPPOSITE HAPPENED. 62 00:03:01,000 --> 00:03:05,000 WE DOUBLED OUR DEBT AND, IN 63 00:03:05,000 --> 00:03:07,000 RETURN, WE HAVE DILAPIDATED 64 00:03:07,000 --> 00:03:09,000 INFRASTRUCTURE, FAILING SCHOOLS 65 00:03:09,000 --> 00:03:12,000 A BADLY DEPLETED MILITARY 66 00:03:12,000 --> 00:03:13,000 GREATEST PEOPLE ON EARTH AND 67 00:03:13,000 --> 00:03:18,000 THEY HAVE A BADLY DEPLETED 68 00:03:18,000 --> 00:03:22,000 MILITARY ITS EQUIPMENT OLD AND 69 00:03:22,000 --> 00:03:23,000 TIRED. AND ANOTHER 14 MILLION PEOPLE 70 00:03:23,000 --> 00:03:25,000 WHO HAVE LEFT THE WORKFORCE. 71 00:03:25,000 --> 00:03:30,000 NEVER HAS SO MUCH MONEY BUT SO 72 00:03:30,000 --> 00:03:32,000 POORLY AND SO UNWISELY. 73 00:03:32,000 --> 00:03:34,000 BUT WE ARE GOING TO TURN THAT 74 00:03:34,000 --> 00:03:35,000 ALL AROUND AND HERE IS HOW. 75 00:03:35,000 --> 00:03:38,000 IT BEGINS WITH BOLD, NEW TAX 76 00:03:38,000 --> 00:03:43,000 REFORM. 77 00:03:45,000 --> 00:03:48,000 DON'T WORRY. THEY ARE GOING DOWN, NOT UP. 78 00:03:48,000 --> 00:03:49,000 THEY ARE GOING DOWN. PEOPLE WERE CONCERNED THEY WERE 79 00:03:49,000 --> 00:03:54,000 GOING UP THERE IT -- GOING UP. 80 00:03:54,000 --> 00:03:59,000 THE TAX CODE WOULD BE DEEPLY 81 00:03:59,000 --> 00:04:01,000 REDUCED AND REDUCE THE TAX 82 00:04:01,000 --> 00:04:04,000 BRACKETS FROM SEVEN TO THREE. 83 00:04:04,000 --> 00:04:06,000 THE NEW BRACKETS WILL BE 12, 25 84 00:04:06,000 --> 00:04:09,000 AND 33%. 85 00:04:09,000 --> 00:04:12,000 LOW INCOME AMERICANS WILL PLAY 86 00:04:12,000 --> 00:04:14,000 -- WILL PAY KNOWING COME TAX AT 87 00:04:14,000 --> 00:04:15,000 ALL PARENT OUR PLAN WILL REMOVE 88 00:04:15,000 --> 00:04:17,000 MILLIONS AND MILLIONS OF WORKERS 89 00:04:17,000 --> 00:04:18,000 FROM THE INCOME TAX ROLE 90 00:04:18,000 --> 00:04:21,000 ENTIRELY SO THAT ALL OF THAT 91 00:04:21,000 --> 00:04:23,000 WORK THAT WE DO IN WASHINGTON 92 00:04:23,000 --> 00:04:26,000 CAN BE DISCONTINUED. 93 00:04:26,000 --> 00:04:30,000 THEY WILL PAY TAX, BUT THEY WILL 94 00:04:30,000 --> 00:04:31,000 PAY TAX WHEN THEY START MAKING A CERTAIN AMOUNT OF INCOME. 95 00:04:31,000 --> 00:04:36,000 BY LOWERING RATES, STREAMLINING 96 00:04:37,000 --> 00:04:39,000 DEDUCTIONS AND SIMPLE FIND THE 97 00:04:39,000 --> 00:04:43,000 PROCESS, WE WILL ADD MILLIONS AND MILLIONS OF NEW JOBS. 98 00:04:43,000 --> 00:04:44,000 IN ADDITION BECAUSE WE HAVE 99 00:04:44,000 --> 00:04:47,000 STRONGLY CAPPED DEDUCTIONS FOR 100 00:04:47,000 --> 00:04:50,000 THE WEALTHY AND CLOSED 101 00:04:50,000 --> 00:04:51,000 SPECIAL-INTEREST LOOPHOLES, THE 102 00:04:51,000 --> 00:04:52,000 TAX RELIEF WILL BE CONCENTRATED 103 00:04:52,000 --> 00:04:53,000 ON THE WORKING AND MIDDLE CLASS 104 00:04:53,000 --> 00:04:57,000 TAXPAYER. 105 00:04:57,000 --> 00:04:58,000 THEY WILL RECEIVE THE BIGGEST 106 00:04:58,000 --> 00:04:59,000 BENEFIT AND THEY WON'T EVEN BE 107 00:04:59,000 --> 00:05:04,000 CLOSE. 108 00:05:04,000 --> 00:05:06,000 THEY HAVE BEEN FORGOTTEN. 109 00:05:06,000 --> 00:05:07,000 WE ARE NOT GOING TO FORGET THEM. 110 00:05:07,000 --> 00:05:09,000 THEY HAVE BUILT OUR COUNTRY. 111 00:05:09,000 --> 00:05:10,000 WE WILL NOT FORGET. 112 00:05:10,000 --> 00:05:14,000 THANK YOU. 113 00:05:14,000 --> 00:05:16,000 THIS IS A WORKING AND 114 00:05:16,000 --> 00:05:18,000 MIDDLE-CLASS TAX RELIEF 115 00:05:18,000 --> 00:05:20,000 PROPOSAL. 116 00:05:20,000 --> 00:05:23,000 THE ATTACKS RELIEF FOR THESE 117 00:05:23,000 --> 00:05:24,000 WORKERS WILL BE EXPANDED BY MY 118 00:05:24,000 --> 00:05:25,000 CHILD CARE PROPOSALS THAT I HAVE 119 00:05:25,000 --> 00:05:27,000 WORKED ON WITH MY DAUGHTER 120 00:05:27,000 --> 00:05:29,000 IVANKA. 121 00:05:29,000 --> 00:05:32,000 THESE PROPOSALS ARE CENTRAL AND 122 00:05:32,000 --> 00:05:34,000 ARE VERY VERY POWERFUL CENTRAL 123 00:05:34,000 --> 00:05:37,000 ELEMENT OF OUR COMPANY TAX 124 00:05:37,000 --> 00:05:41,000 REFORM AND ECONOMIC GROWTH PLAN. 125 00:05:41,000 --> 00:05:44,000 FAMILIES WILL BE ABLE TO FULLY 126 00:05:44,000 --> 00:05:45,000 DEDUCT THE AVERAGE COST OF 127 00:05:45,000 --> 00:05:47,000 CHILDCARE FROM THEIR TAXES 128 00:05:47,000 --> 00:05:50,000 INCLUDING STAY-AT-HOME PARENTS. 129 00:05:50,000 --> 00:05:54,000 BECAUSE THIS DEDUCTION IS CAPPED 130 00:05:54,000 --> 00:05:55,000 , IT WILL BE DISPROPORTIONATELY 131 00:05:55,000 --> 00:05:56,000 AND IT WILL BENEFIT WORKING AND 132 00:05:56,000 --> 00:06:00,000 MIDDLE-CLASS FAMILIES. 133 00:06:00,000 --> 00:06:03,000 GOT TO TAKE CARE OF OUR MIDDLE-CLASS FAMILIES. 134 00:06:03,000 --> 00:06:07,000 THE LESS YOU MAKE, THE LARGER 135 00:06:07,000 --> 00:06:08,000 SHARE OF YOUR INCOME YOU CAN 136 00:06:08,000 --> 00:06:10,000 EXCLUDE FROM TAXATION. 137 00:06:10,000 --> 00:06:15,000 PARENTS WILL ALSO BE ABLE TO ENROLL A TAX-FREE, DEPENDENT 138 00:06:15,000 --> 00:06:18,000 CARE SAVINGS ACCOUNT FOR THEIR CHILDREN OR ELDERLY RELATIVES. 139 00:06:18,000 --> 00:06:21,000 LOW INCOME HOUSEHOLDS WILL 140 00:06:21,000 --> 00:06:26,000 BENEFIT FROM BOTH AN EXPANDED 141 00:06:26,000 --> 00:06:27,000 EARNED INCOME TAX CREDIT IN THE 142 00:06:27,000 --> 00:06:28,000 FORM OF CHILDCARE REBATES AND A 143 00:06:28,000 --> 00:06:31,000 MATCHING $500 CONTRIBUTION 144 00:06:31,000 --> 00:06:35,000 FURTHER SAVINGS ACCOUNT. 145 00:06:35,000 --> 00:06:36,000 A MARRIED COUPLE EARNING $50,000 146 00:06:36,000 --> 00:06:39,000 PER YEAR WITH TWO CHILDREN AND 147 00:06:39,000 --> 00:06:41,000 8000 DOLLARS IN CHILD CARE 148 00:06:41,000 --> 00:06:44,000 EXPENSES WILL SAVE 35% FROM 149 00:06:44,000 --> 00:06:49,000 THEIR CURRENT TAX BILL. THAT IS A TREMENDOUS SAVINGS. 150 00:06:51,000 --> 00:06:53,000 AND THEY'LL HAVE A BETTER LIFE. 151 00:06:53,000 --> 00:06:55,000 A MARRIED COUPLE EARNING $75,000 152 00:06:55,000 --> 00:06:57,000 PER YEAR WITH TWO CHILDREN AND 153 00:06:57,000 --> 00:07:00,000 $10,000 IN CHILD CARE EXPENSES 154 00:07:00,000 --> 00:07:02,000 WILL RECEIVE A 30% REDUCTION IN 155 00:07:02,000 --> 00:07:07,000 THEIR TAX BILL. 156 00:07:07,000 --> 00:07:09,000 BY CONTRAST, SOMEONE EARNING $5 157 00:07:09,000 --> 00:07:10,000 MILLION, LIKE THE PEOPLE IN THIS 158 00:07:10,000 --> 00:07:14,000 ROOM WILL RECEIVE VIRTUALLY NO 159 00:07:14,000 --> 00:07:17,000 CHANGE IN THEIR TAX BILL AT ALL. 160 00:07:17,000 --> 00:07:21,000 ONE OF OUR GREATEST JOB CREATION 161 00:07:21,000 --> 00:07:26,000 MEASURES IS GOING TO BE OUR 15% 162 00:07:27,000 --> 00:07:30,000 BUSINESS TACT RATE, DOWN FROM THE CURRENT 35% RATE, A 163 00:07:30,000 --> 00:07:35,000 REDUCTION OF MORE THAN 40%. 164 00:07:39,000 --> 00:07:44,000 I KNOW THAT IS WHAT YOU PEOPLE 165 00:07:44,000 --> 00:07:47,000 HAVE BEEN WINNING FOUR. 166 00:07:47,000 --> 00:07:49,000 IN EXPLOSION OF NEW JOBS. 167 00:07:49,000 --> 00:07:53,000 IT WILL BE AMAZING. 168 00:07:53,000 --> 00:07:55,000 YOU WATCH. IT WILL HAPPEN. 169 00:07:55,000 --> 00:07:56,000 WE WILL ALLOW UNITED 170 00:07:56,000 --> 00:07:57,000 STATES-BASED MANUFACTURERS TO 171 00:07:57,000 --> 00:08:01,000 FULLY EXPENSE NEW PLANTS AND 172 00:08:01,000 --> 00:08:06,000 EQUIPMENT. 173 00:08:06,000 --> 00:08:07,000 BIG, BIG DEAL. ON TOP OF THAT, WE WILL BRING 174 00:08:07,000 --> 00:08:09,000 BACK TRILLIONS IN BUSINESS 175 00:08:09,000 --> 00:08:10,000 WEALTH AND THIS IS WEALTH THAT 176 00:08:10,000 --> 00:08:15,000 IS PART OVERSEAS -- PARKED 177 00:08:17,000 --> 00:08:19,000 OVERSEAS. NO ONE KNOWS HOW MUCH IT IS. 178 00:08:19,000 --> 00:08:21,000 SOME PEOPLE THINK IT IS $2.5 179 00:08:21,000 --> 00:08:22,000 TRILLION. 180 00:08:22,000 --> 00:08:24,000 I THINK IT IS MORE LIKE $5 181 00:08:24,000 --> 00:08:25,000 TRILLION. 182 00:08:25,000 --> 00:08:28,000 THEY WILL BE ABLE TO BRING IT 183 00:08:28,000 --> 00:08:29,000 BACK AT A RATE OF ONLY 10% 184 00:08:29,000 --> 00:08:30,000 INSTEAD OF 35%. 185 00:08:30,000 --> 00:08:31,000 AND WHO WOULD BRING IT BACK AT 186 00:08:31,000 --> 00:08:35,000 35%? 187 00:08:35,000 --> 00:08:37,000 OBVIOUSLY NOBODY, BECAUSE NOBODY IS DOING IT. 188 00:08:37,000 --> 00:08:39,000 I THINK IT IS GOING TO BE 189 00:08:39,000 --> 00:08:40,000 SOMETHING THAT WILL BE SO 190 00:08:40,000 --> 00:08:41,000 PHENOMENAL, FAR BEYOND WHAT 191 00:08:41,000 --> 00:08:46,000 PEOPLE EVEN THINK HE ERRED BY 192 00:08:46,000 --> 00:08:48,000 TAXING IT AT 10% INSTEAD OF 35%, 193 00:08:48,000 --> 00:08:49,000 ALL OF THIS MONEY WILL COME 194 00:08:49,000 --> 00:08:52,000 ROARING BACK INTO OUR COUNTRY 195 00:08:52,000 --> 00:08:53,000 AND LOTS OF GOOD THINGS WILL 196 00:08:53,000 --> 00:08:54,000 START TO HAPPEN. 197 00:08:54,000 --> 00:08:55,000 WE WILL TURN AMERICA INTO A NEW 198 00:08:55,000 --> 00:08:58,000 MAGNET FOR NEW JOBS AND THAT 199 00:08:58,000 --> 00:09:00,000 MEANS JOBS IN OUR POOREST 200 00:09:00,000 --> 00:09:02,000 COMMUNITIES. 201 00:09:02,000 --> 00:09:05,000 SO IMPORTANT. 202 00:09:05,000 --> 00:09:09,000 AND RIGHT NOW, WE HAVE COMPANIES 203 00:09:09,000 --> 00:09:10,000 LEAVING THE COUNTRY BECAUSE TAXES ARE TOO HIGH. 204 00:09:10,000 --> 00:09:11,000 BUT WE ACTUALLY HAVE COUNTRIES 205 00:09:11,000 --> 00:09:15,000 LEAVING -- COMPANIES LEAVING THE 206 00:09:15,000 --> 00:09:19,000 COUNTRY TO GET THEIR MONEY. AND THAT'S A FIRST. 207 00:09:19,000 --> 00:09:20,000 NOBODY BELIEVES IT, BUT THAT'S 208 00:09:20,000 --> 00:09:21,000 HAPPENED. 209 00:09:21,000 --> 00:09:23,000 NEXT, REGULATIONS. 210 00:09:23,000 --> 00:09:24,000 ONE OF THE KEYS OF UNLOCKING 211 00:09:24,000 --> 00:09:28,000 GROWTH IS SCALING BACK YEARS OF 212 00:09:28,000 --> 00:09:29,000 DISASTROUS REGULATIONS UNILATERALLY IMPOSED BY 213 00:09:29,000 --> 00:09:33,000 OUT-OF-CONTROL THE AIRCRAFT. 214 00:09:33,000 --> 00:09:34,000 REGULATIONS -- OUT-OF-CONTROL 215 00:09:34,000 --> 00:09:38,000 BUREAUCRATS. 216 00:09:38,000 --> 00:09:40,000 THE REGULATION INDUSTRY IS ONE 217 00:09:40,000 --> 00:09:41,000 BUSINESS I WILL ABSOLUTELY PUT 218 00:09:41,000 --> 00:09:46,000 TO AN END DAY 1. 219 00:09:54,000 --> 00:09:55,000 IN 2015 ALONE, FEDERAL AGENCIES 220 00:09:55,000 --> 00:10:00,000 ISSUED OVER 3300 FINAL RULES AND 221 00:10:03,000 --> 00:10:04,000 REGULATIONS, UP FROM 2400 THE 222 00:10:04,000 --> 00:10:06,000 PRIOR YEAR. 223 00:10:06,000 --> 00:10:07,000 EVERY YEAR, OVER REGULATION 224 00:10:07,000 --> 00:10:09,000 COSTS OUR ECONOMY TWO DOLLARS 225 00:10:09,000 --> 00:10:14,000 TRILLION A YEAR AND REDUCES -- 226 00:10:14,000 --> 00:10:18,000 $2 TRILLION A YEAR AND REDUCES HOUSEHOLD WEALTH BY $15,000. 227 00:10:18,000 --> 00:10:21,000 I PROPOSE A MORATORIUM ON NEW 228 00:10:21,000 --> 00:10:22,000 FEDERAL REGULATIONS THAT ARE NOT 229 00:10:22,000 --> 00:10:23,000 COMPELLED BY CONGRESS OR PUBLIC 230 00:10:23,000 --> 00:10:25,000 SAFETY. 231 00:10:25,000 --> 00:10:26,000 AND I WILL ELIMINATE ALL 232 00:10:26,000 --> 00:10:27,000 NEEDLESS AND JOB ONLY 233 00:10:27,000 --> 00:10:30,000 REGULATIONS NOW ON THE BOOKS. 234 00:10:30,000 --> 00:10:35,000 AND THERE ARE PLENTY OF THEM. 235 00:10:38,000 --> 00:10:39,000 THIS INCLUDES ELIMINATING SOME 236 00:10:39,000 --> 00:10:44,000 OF OUR MOST INTRUSIVE REGULATIONS LIKE THE BORDERS OF 237 00:10:44,000 --> 00:10:45,000 THE U.S. RULE. 238 00:10:45,000 --> 00:10:47,000 IT ALSO MEANS SCRAPPING THE EPA 239 00:10:47,000 --> 00:10:49,000 SO-CALLED CLEAN POWER PLAN WHICH 240 00:10:49,000 --> 00:10:53,000 WOULD COST $7.2 BILLION A YEAR. 241 00:10:53,000 --> 00:10:56,000 THIS OBAMA/CLINTON DIRECTIVE 242 00:10:56,000 --> 00:10:58,000 WILL SHOW DONE MOST, IF NOT ALL, 243 00:10:58,000 --> 00:11:01,000 COAL-POWERED ELECTRICITY PLANTS. 244 00:11:01,000 --> 00:11:04,000 ALL OVER THE COUNTRY, THEY ARE SHUTTING DOWN. 245 00:11:04,000 --> 00:11:07,000 REMEMBER WHAT HILLARY CLINTON 246 00:11:07,000 --> 00:11:08,000 SAID. SHE WANTS TO SHUT DOWN THE 247 00:11:08,000 --> 00:11:09,000 MINORS, JUST LIKE SHE WANTS TO 248 00:11:09,000 --> 00:11:14,000 SHUT DOWN THE STEEL MILLS AND 249 00:11:16,000 --> 00:11:17,000 THE STEELWORKERS AND WE ARE NOT 250 00:11:17,000 --> 00:11:19,000 GOING TO LET THAT HAPPEN. 251 00:11:19,000 --> 00:11:21,000 WE ARE GOING TO PUT OUR GREAT 252 00:11:21,000 --> 00:11:26,000 MINERS AND OUR STEELWORKERS BACK 253 00:11:27,000 --> 00:11:28,000 TO WORK. ENERGY REFORM IS CENTRAL TO OUR 254 00:11:28,000 --> 00:11:31,000 PLAN AS WELL. 255 00:11:31,000 --> 00:11:33,000 ACCORDING TO HERITAGE 256 00:11:33,000 --> 00:11:35,000 FOUNDATION BY 2030, PRESIDENT 257 00:11:35,000 --> 00:11:37,000 OBAMA'S ENERGY RESTRICTIONS WILL 258 00:11:37,000 --> 00:11:40,000 ELIMINATE ANOTHER HALF A MILLION MANUFACTURING REDUCE ECONOMIC 259 00:11:40,000 --> 00:11:43,000 OUTPUT BY $2.5 TRILLION AND 260 00:11:43,000 --> 00:11:45,000 REDUCE INCOMES BY $7,000 PER 261 00:11:45,000 --> 00:11:48,000 PERSON. 262 00:11:48,000 --> 00:11:53,000 AND TODAY, YOU HAVE WORKERS AND 263 00:11:53,000 --> 00:11:54,000 I SEE THEM ALL THE TIME AND I MEET THEM ALL THE TIME AND THEY 264 00:11:54,000 --> 00:11:55,000 ARE PART OF THIS MASSIVE GROUP 265 00:11:55,000 --> 00:11:56,000 OF PEOPLE THAT HAVE JUST COME 266 00:11:56,000 --> 00:12:00,000 ONTO THE -- TO THIS MOVEMENT TO 267 00:12:00,000 --> 00:12:02,000 THAT YOU HAVE WORKERS MAKING 268 00:12:02,000 --> 00:12:03,000 LESS MONEY TODAY THAN THEY MADE 269 00:12:03,000 --> 00:12:05,000 18 YEARS AGO IN REAL WAGES. 270 00:12:05,000 --> 00:12:09,000 THEY ARE WORKING MUCH HARDER 271 00:12:09,000 --> 00:12:10,000 OFTENTIMES BECAUSE OF THE DISASTROUS OBAMACARE THAT WE ARE 272 00:12:10,000 --> 00:12:12,000 GOING TO REPEAL AND REPLACE. 273 00:12:12,000 --> 00:12:13,000 OFTENTIMES, THEY ARE WORKING TWO 274 00:12:13,000 --> 00:12:15,000 JOBS. 275 00:12:15,000 --> 00:12:19,000 SO THEY ARE WORKING HARDER THEY 276 00:12:19,000 --> 00:12:20,000 ARE OLDER, AND THEY ARE MAKING LESS. 277 00:12:20,000 --> 00:12:23,000 LIKE ME. 278 00:12:23,000 --> 00:12:24,000 I'M WORKING HARDER THAN I'VE 279 00:12:24,000 --> 00:12:25,000 EVER WORKED ALSO. 280 00:12:25,000 --> 00:12:27,000 BUT NOBODY CARES ABOUT THAT. 281 00:12:27,000 --> 00:12:30,000 WHO CARES ABOUT THAT? 282 00:12:30,000 --> 00:12:32,000 HILLARY CLINTON WANTS TO GO EVEN 283 00:12:32,000 --> 00:12:35,000 FURTHER AND HER PLAN COULD COST 284 00:12:35,000 --> 00:12:37,000 THE ECONOMY $5 TRILLION. 285 00:12:37,000 --> 00:12:41,000 A TRUMP ADMINISTRATION WOULD 286 00:12:41,000 --> 00:12:42,000 LIFT RESTRICTIONS ON ALL SOURCES 287 00:12:42,000 --> 00:12:47,000 OF AMERICAN ENERGY PRODUCTION. 288 00:12:48,000 --> 00:12:49,000 ACCORDING TO THE INSTITUTE FOR 289 00:12:49,000 --> 00:12:50,000 AMERICAN ENERGY RESOURCES, THIS 290 00:12:50,000 --> 00:12:54,000 WILL INCREASE THE GDP BY MORE 291 00:12:54,000 --> 00:12:58,000 THAN $100 BILLION ANNUALLY. 292 00:12:58,000 --> 00:12:59,000 ADD OVER 500,000 NEW JOBS 293 00:12:59,000 --> 00:13:03,000 ANNUALLY TO INCREASE ANNUAL 294 00:13:03,000 --> 00:13:06,000 WAGES BY MORE THAN $30 BILLION 295 00:13:06,000 --> 00:13:08,000 OVER THE NEXT SEVEN YEARS. 296 00:13:08,000 --> 00:13:11,000 INCREASED FEDERAL, STATE LOCAL 297 00:13:11,000 --> 00:13:15,000 TAX REVENUES BY ALMOST $6 298 00:13:15,000 --> 00:13:18,000 TRILLION OVER FOUR DECADES. 299 00:13:18,000 --> 00:13:20,000 INCREASE TOTAL ECONOMIC ACTIVITY 300 00:13:20,000 --> 00:13:25,000 BY MORE THAN $20 TRILLION OVER A 301 00:13:28,000 --> 00:13:29,000 40-YEAR PERIOD. IN ADDITION, WE WILL STREAMLINE 302 00:13:29,000 --> 00:13:33,000 THE PERMITTING PROCESS FOR ALL 303 00:13:33,000 --> 00:13:34,000 ENERGY INFRASTRUCTURE PROJECTS 304 00:13:34,000 --> 00:13:35,000 WHICH ARE DESPERATELY NEEDED 305 00:13:35,000 --> 00:13:40,000 INCLUDING THE BILLIONS OF 306 00:13:40,000 --> 00:13:41,000 DOLLARS IN PROJECTS HELD UP BY 307 00:13:41,000 --> 00:13:42,000 PRESIDENT OBAMA CURRENTLY BEING 308 00:13:42,000 --> 00:13:44,000 HELD UP. HE JUST WON'T APPROVE ANYTHING. 309 00:13:44,000 --> 00:13:46,000 CREATING CALLIS MORE JOBS IN THE 310 00:13:46,000 --> 00:13:49,000 PROCESS. 311 00:13:49,000 --> 00:13:52,000 FINALLY COMES TRADE. THE FOUNDATION FOR EVERYTHING. 312 00:13:52,000 --> 00:13:55,000 AMERICA'S ANNUAL TRADE DEFICIT 313 00:13:55,000 --> 00:13:58,000 WITH THE WORLD IS NOW ALMOST 314 00:13:58,000 --> 00:14:01,000 $800 BILLION A YEAR. 315 00:14:01,000 --> 00:14:04,000 WHO'S NEGOTIATING THESE DEALS? 316 00:14:04,000 --> 00:14:05,000 ANYBODY IN THIS ROOM NEGOTIATING 317 00:14:05,000 --> 00:14:06,000 THESE WONDERFUL DEALS? THINK OF IT. 318 00:14:06,000 --> 00:14:11,000 YOU HAVE THE TRADE DEFICIT OF 319 00:14:12,000 --> 00:14:14,000 ALMOST $800 BILLION A YEAR. 320 00:14:14,000 --> 00:14:18,000 THAT'S GOING TO CHANGE SO FAST. 321 00:14:18,000 --> 00:14:19,000 BETWEEN WORLD WAR I AND THE YEAR 322 00:14:19,000 --> 00:14:20,000 2000, THE UNITED STATES AVERAGED 323 00:14:20,000 --> 00:14:21,000 A 3.5% GROWTH RATE. 324 00:14:21,000 --> 00:14:26,000 BUT AFTER CHINA JOINED THE WORLD 325 00:14:26,000 --> 00:14:28,000 TRADE ORGANIZATION, OUR AVERAGE 326 00:14:28,000 --> 00:14:29,000 GROWTH RATE HAS BEEN REDUCED TO 327 00:14:29,000 --> 00:14:31,000 ONLY 2%. 328 00:14:31,000 --> 00:14:36,000 PREDATORY TRADE PRACTICES, 329 00:14:36,000 --> 00:14:37,000 PRODUCT DUMPING, CURRENCY 330 00:14:37,000 --> 00:14:38,000 MANIPULATION, WHICH IS A BIG 331 00:14:38,000 --> 00:14:43,000 ONE, AND INTELLECTUAL PROPERTY 332 00:14:43,000 --> 00:14:44,000 THEFT HAVE TAKEN MILLIONS OF 333 00:14:44,000 --> 00:14:45,000 JOBS AND TRILLIONS OF DOLLARS IN 334 00:14:45,000 --> 00:14:49,000 WEALTH RIGHT OUT OF OUR COUNTRY 335 00:14:49,000 --> 00:14:51,000 RIGHT OUT OF OUR COUNTRY. 336 00:14:51,000 --> 00:14:52,000 SO SAD THAT WE ALLOWED THIS TO 337 00:14:52,000 --> 00:14:54,000 HAPPEN. 338 00:14:54,000 --> 00:14:58,000 OUR INCOMPETENT POLITICIANS WERE 339 00:14:58,000 --> 00:15:00,000 NOT WATCHING AND THE ONES THAT 340 00:15:00,000 --> 00:15:04,000 WERE WATCHING WERE TAKEN CARE OF 341 00:15:04,000 --> 00:15:07,000 IN SOME FORM BECAUSE THIS SHOULD HAVE NEVER BEEN ALLOWED TO HAVE 342 00:15:07,000 --> 00:15:10,000 HAPPENED. 343 00:15:10,000 --> 00:15:11,000 IT IS NO GREAT SECRET THAT MANY 344 00:15:11,000 --> 00:15:16,000 OF THE SPECIAL INTERESTS FUNDING 345 00:15:16,000 --> 00:15:17,000 MY OPPONENT'S CAMPAIGN ARE THE 346 00:15:17,000 --> 00:15:18,000 SAME PEOPLE PROFITING FROM THESE 347 00:15:18,000 --> 00:15:19,000 TERRIBLE TRADE DEALS. 348 00:15:19,000 --> 00:15:20,000 THEY ARE TERRIBLE. 349 00:15:20,000 --> 00:15:22,000 THEY ARE TERRIBLE FOR EVERYONE. 350 00:15:22,000 --> 00:15:23,000 THE SAME SO-CALLED EXPERTS 351 00:15:23,000 --> 00:15:26,000 ADVISING HILLARY CLINTON ARE THE 352 00:15:26,000 --> 00:15:31,000 SAME PEOPLE WHO GAVE US NAFTA 353 00:15:31,000 --> 00:15:32,000 CHINA'S ENTRY INTO THE TRADE 354 00:15:32,000 --> 00:15:33,000 WORLD ORGANIZATION, THE JOB 355 00:15:33,000 --> 00:15:35,000 KILLING TRADE DEAL WITH SOUTH 356 00:15:35,000 --> 00:15:37,000 KOREA, ANOTHER DISASTER, AND NOW 357 00:15:37,000 --> 00:15:38,000 THE TRANSPACIFIC PARTNERSHIP 358 00:15:38,000 --> 00:15:40,000 THAT THEY ARE PUSHING SO 359 00:15:40,000 --> 00:15:41,000 STRONGLY. 360 00:15:41,000 --> 00:15:44,000 THE VERDICT IS IN GOOD ALL OF 361 00:15:44,000 --> 00:15:46,000 THE SPECIAL INTEREST THAT THE 362 00:15:46,000 --> 00:15:51,000 MEDIA RACE TO COMMENT AND JUST 363 00:15:51,000 --> 00:15:52,000 RACED TO COMMENTATE GET COMMENT 364 00:15:52,000 --> 00:15:57,000 ON THIS RACE TO GET COMMENT ON 365 00:15:58,000 --> 00:15:59,000 EVERY SINGLE DEAL THEIR 366 00:15:59,000 --> 00:16:00,000 PRIMITIVE, EVERY LIE AND EVERY 367 00:16:00,000 --> 00:16:03,000 PREDICTION HAS CRASHED. 368 00:16:03,000 --> 00:16:06,000 IT JUST CRASH. 369 00:16:06,000 --> 00:16:09,000 THEY'VE BEEN SO ABSOLUTELY WRONG 370 00:16:09,000 --> 00:16:10,000 AND THEY'VE BEEN SO BAD FOR OUR 371 00:16:10,000 --> 00:16:13,000 COUNTRY. 372 00:16:13,000 --> 00:16:14,000 OUR MANUFACTURING BASE HAS CRUMBLED. 373 00:16:14,000 --> 00:16:15,000 COMMUNITIES HAVE BEEN HOLLOWED 374 00:16:15,000 --> 00:16:18,000 OUT. 375 00:16:18,000 --> 00:16:19,000 WAGES HAVE DECLINED AND 376 00:16:19,000 --> 00:16:22,000 HOUSEHOLDS ARE MAKING LESS TODAY 377 00:16:22,000 --> 00:16:23,000 THAN THEY WERE IN THE YEAR 2000. 378 00:16:23,000 --> 00:16:28,000 I PROPOSE A DETAILED PLAN TO 379 00:16:29,000 --> 00:16:31,000 REFORM OUR TRADE POLICIES AND BRING VAST NEW JOBS AND WEALTH 380 00:16:31,000 --> 00:16:33,000 TO AMERICA. 381 00:16:33,000 --> 00:16:38,000 WE ARE -- WE DO NOT HAVE WEALTH. 382 00:16:39,000 --> 00:16:42,000 WE ARE A DEBTOR NATION. THIS INCLUDES THE FOLLOWING 383 00:16:42,000 --> 00:16:43,000 STEPS. 384 00:16:43,000 --> 00:16:45,000 I AM GOING TO DIRECT THE SECRETARY OF COMMERCE TO 385 00:16:45,000 --> 00:16:47,000 IDENTIFY EVERY VIOLATION OF 386 00:16:47,000 --> 00:16:48,000 TRADE AGREEMENT THAT A FOREIGN 387 00:16:48,000 --> 00:16:52,000 COUNTRY IS USING TO HARM OUR 388 00:16:52,000 --> 00:16:57,000 COUNTRY AND OUR WORKERS. 389 00:16:57,000 --> 00:16:59,000 THAT IS WHAT'S HAPPENING. 390 00:16:59,000 --> 00:17:00,000 THEY ARE BEING HARMED AND OUR 391 00:17:00,000 --> 00:17:01,000 COUNTRY IS BEING HARMED. 392 00:17:01,000 --> 00:17:05,000 I WILL USE EVERY TOOL UNDER 393 00:17:05,000 --> 00:17:07,000 AMERICAN AND INTERNATIONAL LAW 394 00:17:07,000 --> 00:17:09,000 TO END THESE ABUSES AND I WILL USE OUR GREATEST BUSINESS 395 00:17:09,000 --> 00:17:11,000 LEADERS AND FINEST NEGOTIATORS 396 00:17:11,000 --> 00:17:13,000 -- AND I WILL TELL YOU, SOME OF 397 00:17:13,000 --> 00:17:14,000 THEM ARE IN THIS ROOM RIGHT NOW 398 00:17:14,000 --> 00:17:16,000 -- NOT ALL OF THEM, BUT SOME -- 399 00:17:16,000 --> 00:17:21,000 AND I KNOW WHO YOU ARE AND 400 00:17:23,000 --> 00:17:25,000 HONESTLY, WE ARE GOING TO BE 401 00:17:25,000 --> 00:17:28,000 CALLING ON YOU BECAUSE WE HAVE PEOPLE NEGOTIATING THE BIGGEST 402 00:17:28,000 --> 00:17:29,000 DEALS IN THE WORLD, FAR BIGGER 403 00:17:29,000 --> 00:17:32,000 THAN YOUR COMPANY DEALS. 404 00:17:32,000 --> 00:17:37,000 YOUR COMPANY DEALS LITTLE BY 405 00:17:37,000 --> 00:17:38,000 COMPARISON TO ITS TRUE. 406 00:17:38,000 --> 00:17:39,000 YOU LOOK AT SOME OF THESE TRADE 407 00:17:39,000 --> 00:17:40,000 DEALS, HATE TO SAY IT, BUT YOUR 408 00:17:40,000 --> 00:17:42,000 OPENINGS ARE PEANUTS. 409 00:17:42,000 --> 00:17:43,000 BUT WE ARE GOING TO USE OUR 410 00:17:43,000 --> 00:17:44,000 BEST. 411 00:17:44,000 --> 00:17:46,000 RIGHT NOW, WE HAVE POLITICAL 412 00:17:46,000 --> 00:17:47,000 HACKS NEGOTIATING THE BIGGEST, 413 00:17:47,000 --> 00:17:48,000 MOST IMPORTANT DEALS IN THE 414 00:17:48,000 --> 00:17:50,000 WORLD. 415 00:17:50,000 --> 00:17:54,000 WE ARE GOING TO START WITH 416 00:17:54,000 --> 00:17:59,000 NAFTA, WHICH IS CAUSING SO MUCH DAMAGE TO OUR COUNTRY. 417 00:17:59,000 --> 00:18:02,000 WE WILL ENTIRELY RENEGOTIATE 418 00:18:02,000 --> 00:18:03,000 NAFTA INTO A DEAL THAT WILL EITHER BE A GOOD ONE FOR US AS A 419 00:18:03,000 --> 00:18:05,000 COUNTRY AND FOR OUR WORKER OR WE 420 00:18:05,000 --> 00:18:07,000 WILL TERMINATE IT UNTIL A 421 00:18:07,000 --> 00:18:09,000 BRAND-NEW AND PRODUCTIVE DEAL 422 00:18:09,000 --> 00:18:13,000 CAN BE SIGNED. 423 00:18:13,000 --> 00:18:16,000 [APPLAUSE] 424 00:18:16,000 --> 00:18:21,000 WE WILL ALSO AND WE HAVE TO WE 425 00:18:22,000 --> 00:18:24,000 ARE GOING TO KEEP AMERICA OUT OF 426 00:18:24,000 --> 00:18:27,000 TRANSPACIFIC PARTNERSHIP UNLESS 427 00:18:27,000 --> 00:18:28,000 WE CAN DO SOMETHING THAT IS 428 00:18:28,000 --> 00:18:31,000 PHENOMENAL AND I AM NOT SEEING 429 00:18:31,000 --> 00:18:32,000 IT RIGHT NOW AND I CAN TELL YOU 430 00:18:32,000 --> 00:18:33,000 THAT. 431 00:18:33,000 --> 00:18:38,000 I AM NOT SEEING IT VERY. 432 00:18:39,000 --> 00:18:41,000 I'M GOING TO INSTRUCT MY LABOR 433 00:18:41,000 --> 00:18:45,000 SECRETARY TO LABEL CHINA -- I 434 00:18:45,000 --> 00:18:49,000 LIKE CHINA. THEY ARE MY TENANT. 435 00:18:49,000 --> 00:18:50,000 THEY BUY CONDOS ALL THE TIME. 436 00:18:50,000 --> 00:18:52,000 THEY ARE JUST FINE. BUT YOU KNOW WHAT? 437 00:18:52,000 --> 00:18:55,000 THEY ARE A CURRENCY MANIPULATOR 438 00:18:55,000 --> 00:18:57,000 AND WE ARE GOING TO APPLY 439 00:18:57,000 --> 00:19:01,000 TARIFFS TO ANY COUNTRY THAT 440 00:19:01,000 --> 00:19:03,000 DEVALUES ITS CURRENCY TO GAIN AN UNFAIR ADVANTAGE OVER THE UNITED 441 00:19:03,000 --> 00:19:05,000 STATES. 442 00:19:05,000 --> 00:19:07,000 THEY ARE A MANIPULATOR, 443 00:19:07,000 --> 00:19:11,000 GRANDMASTER LEVEL. 444 00:19:11,000 --> 00:19:14,000 WE CAN'T ALLOW IT TO HAVE BEEN 445 00:19:14,000 --> 00:19:15,000 AND ARE PEOPLE AND OUR 446 00:19:15,000 --> 00:19:16,000 REPRESENTATIVES AND OUR 447 00:19:16,000 --> 00:19:17,000 POLITICIANS DON'T HAVE EVEN A 448 00:19:17,000 --> 00:19:18,000 LITTLE CLUE AS TO HOW TO PLAY 449 00:19:18,000 --> 00:19:19,000 THE GAME. 450 00:19:19,000 --> 00:19:21,000 WE HAVE A TRADE DEFICIT THIS 451 00:19:21,000 --> 00:19:25,000 YEAR WITH CHINA OF APPROXIMATELY 452 00:19:25,000 --> 00:19:28,000 $500 BILLION. 453 00:19:28,000 --> 00:19:31,000 WHAT KIND OF A DEAL IS THAT? 454 00:19:31,000 --> 00:19:34,000 AND THIS HAS BEEN GOING ON FOR 455 00:19:34,000 --> 00:19:35,000 YEARS. 456 00:19:35,000 --> 00:19:36,000 200 BILLION DOLLARS, $300 457 00:19:36,000 --> 00:19:37,000 BILLION, $400 BILLION -- FOR 458 00:19:37,000 --> 00:19:42,000 YEARS. 459 00:19:43,000 --> 00:19:44,000 I'M GOING TO INSTRUCT THE UNITED 460 00:19:44,000 --> 00:19:45,000 STATES TRADE REPRESENTATIVE TO 461 00:19:45,000 --> 00:19:48,000 BRING TRADE CASES AGAINST CHINA. CHINA'S UNFAIR SUBSIDY BEHAVIOR 462 00:19:48,000 --> 00:19:51,000 IS PROHIBITIVE BY THE TERMS OF 463 00:19:51,000 --> 00:19:54,000 ITS ENTRANCE INTO THE WTO. 464 00:19:54,000 --> 00:19:55,000 AND I INTEND TO ENFORCE THE 465 00:19:55,000 --> 00:19:57,000 RULES. 466 00:19:57,000 --> 00:19:59,000 AND I'M SURE WE'LL MAKE A DEAL 467 00:19:59,000 --> 00:20:00,000 SOMEWHERE ALONG THE WAY. 468 00:20:00,000 --> 00:20:04,000 BUT THEY ARE NOT LAYING FAIRLY 469 00:20:04,000 --> 00:20:05,000 AND OUR POLITICIANS DON'T 470 00:20:05,000 --> 00:20:06,000 UNDERSTAND HOW TO PLAY THE GAME. 471 00:20:06,000 --> 00:20:11,000 [APPLAUSE] 472 00:20:14,000 --> 00:20:16,000 IT IS CHINA DOES NOT STOP ITS 473 00:20:16,000 --> 00:20:18,000 ILLEGAL ACTIVITIES, INCLUDING 474 00:20:18,000 --> 00:20:19,000 ITS THEFT OF AMERICAN TRADE 475 00:20:19,000 --> 00:20:20,000 SECRETS AND INTELLECTUAL 476 00:20:20,000 --> 00:20:23,000 PROPERTIES, I WILL APPLY COUNTER 477 00:20:23,000 --> 00:20:26,000 MAILING DUTIES UNTIL CHINA CEASES AND ASSISTS. 478 00:20:26,000 --> 00:20:30,000 YOU KNOW -- ANDY CYSTS -- CEASES 479 00:20:30,000 --> 00:20:35,000 AND THEDESISTS. 480 00:20:36,000 --> 00:20:40,000 YOU KNOW WHAT THAT MEANS. 481 00:20:40,000 --> 00:20:42,000 ACCORDING TO THE UNITED STATES 482 00:20:42,000 --> 00:20:43,000 INTERNATIONAL TRADE COMMISSION 483 00:20:43,000 --> 00:20:45,000 IMPROVED PROTECTION OF AMERICA'S 484 00:20:45,000 --> 00:20:47,000 INTERNET -- JUST THINK OF THIS 485 00:20:47,000 --> 00:20:48,000 -- IMPROVE PROTECTION OF 486 00:20:48,000 --> 00:20:49,000 AMERICA'S INTELLECTUAL PROPERTY 487 00:20:49,000 --> 00:20:52,000 IN CHINA WOULD ADD 2 MILLION 488 00:20:52,000 --> 00:20:54,000 JOBS HE YEAR WITHIN THE UNITED 489 00:20:54,000 --> 00:20:56,000 STATES EVERY SINGLE YEAR. 490 00:20:56,000 --> 00:20:59,000 AND WE DO NOTHING. 491 00:20:59,000 --> 00:21:02,000 WE ALLOW THEM TO GET AWAY WITH 492 00:21:02,000 --> 00:21:04,000 IT. WHO CAN BLAME THEM AND I DON'T 493 00:21:04,000 --> 00:21:06,000 BLAME THEM AT ALL. IF YOU CAN GET AWAY WITH IT 494 00:21:06,000 --> 00:21:07,000 THEY ARE GOING TO GET AWAY WITH 495 00:21:07,000 --> 00:21:08,000 IT. 496 00:21:08,000 --> 00:21:09,000 WE ARE GOING TO STOP A OUTFLOW 497 00:21:09,000 --> 00:21:12,000 OF JOBS FROM OUR COUNTRY AND 498 00:21:12,000 --> 00:21:13,000 OPEN A NEW HIGHWAY OF JOBS BACK 499 00:21:13,000 --> 00:21:15,000 INTO OUR COUNTRY. 500 00:21:15,000 --> 00:21:18,000 HERE'S HOW THE PLAN ADDS UP. 501 00:21:18,000 --> 00:21:21,000 WE ARE PROPOSING A $4.4 TRILLION 502 00:21:21,000 --> 00:21:26,000 TAX CUT THAT WILL SCORE AS A 503 00:21:26,000 --> 00:21:28,000 $2.6 TRILLION UNDER DYNAMIC 504 00:21:28,000 --> 00:21:31,000 GROWTH MODELS, WHICH IS HOW 505 00:21:31,000 --> 00:21:32,000 TAXES SHOULD BE SCORED. 506 00:21:32,000 --> 00:21:37,000 [APPLAUSE] 507 00:21:41,000 --> 00:21:42,000 THIS INCLUDES THE CHILD CARE 508 00:21:42,000 --> 00:21:43,000 PLAN THAT WE ANNOUNCED THE OTHER DAY. 509 00:21:43,000 --> 00:21:46,000 OUR ECONOMIC TEAM HAS FURTHER 510 00:21:46,000 --> 00:21:51,000 MODELED THAT THE GROWTH-INDUCED 511 00:21:54,000 --> 00:21:55,000 SAVINGS FROM TRADE, ENERGY AND REGULATION REFORM WEALTH'S -- 512 00:21:55,000 --> 00:21:59,000 WILL SHAVE ANOTHER $8.3 TRILLION 513 00:21:59,000 --> 00:22:04,000 OFF THE REMAINING DEBT. 514 00:22:06,000 --> 00:22:07,000 THIS MONEY CAN ALL BE SAVED 515 00:22:07,000 --> 00:22:08,000 THROUGH SIMPLE COMMON SENSE 516 00:22:08,000 --> 00:22:11,000 REFORMS. 517 00:22:11,000 --> 00:22:14,000 IF WE JUST SAVE ONE PENNY OF 518 00:22:14,000 --> 00:22:15,000 EACH FEDERAL DOLLARS SPENT ON 519 00:22:15,000 --> 00:22:17,000 NONDEFENSE AND NON-ENTITLEMENT 520 00:22:17,000 --> 00:22:19,000 PROGRAMS, WE CAN SAVE ALMOST $1 521 00:22:19,000 --> 00:22:23,000 TRILLION OVER THE NEXT DECADE. 522 00:22:23,000 --> 00:22:26,000 ONE PENNY. WE COULD ALL DO THAT. 523 00:22:26,000 --> 00:22:30,000 SAVE OVER A TRILLION. 524 00:22:30,000 --> 00:22:31,000 AGAIN, THIS IS SPENDING THAT 525 00:22:31,000 --> 00:22:35,000 DOES NOT TOUCH DEFENSE. 526 00:22:35,000 --> 00:22:37,000 BECAUSE WE HAVE TO BUILD UP OUR 527 00:22:37,000 --> 00:22:38,000 MILITARY, WHICH IS SO TERRIBLY 528 00:22:38,000 --> 00:22:40,000 DEPLETED. AND THAT DOES NOT TOUCH 529 00:22:40,000 --> 00:22:43,000 ENTITLEMENTS. 530 00:22:43,000 --> 00:22:46,000 IF OUR PLAN EXCEEDS THE 3.5% 531 00:22:46,000 --> 00:22:48,000 10-YEAR GROWTH AVERAGE, THEN OUR 532 00:22:48,000 --> 00:22:50,000 JOBS PROPOSED WILL ACTUALLY 533 00:22:50,000 --> 00:22:52,000 REDUCE AND START REALLY, 534 00:22:52,000 --> 00:22:57,000 STRONGLY REDUCING THE DEFICIT. 535 00:23:00,000 --> 00:23:01,000 SAVINGS WILL BECOME POUNDED BY 536 00:23:01,000 --> 00:23:02,000 THE FACT THAT PEOPLE WHO ARE 537 00:23:02,000 --> 00:23:03,000 CURRENTLY RECEIVING UNEMPLOYMENT 538 00:23:03,000 --> 00:23:04,000 OR WELFARE WILL FINALLY BE ABLE 539 00:23:04,000 --> 00:23:07,000 TO FIND JOBS. 540 00:23:07,000 --> 00:23:12,000 THIS IS THE MOST PROGROWTH 541 00:23:12,000 --> 00:23:13,000 PRO-JOBS, PROFAMILY PLAN PUT 542 00:23:13,000 --> 00:23:15,000 FORTH PERHAPS IN THE HISTORY OF 543 00:23:15,000 --> 00:23:18,000 OUR COUNTRY. 544 00:23:18,000 --> 00:23:19,000 THIS IS WHAT OUR NEW FUTURE WILL 545 00:23:19,000 --> 00:23:20,000 LOOK LIKE. 546 00:23:20,000 --> 00:23:23,000 I'M GOING TO LOWER YOUR TAXES 547 00:23:23,000 --> 00:23:24,000 VERY, VERY SUBSTANTIALLY. 548 00:23:24,000 --> 00:23:27,000 I'M GOING TO GET RID OF MASSIVE 549 00:23:27,000 --> 00:23:28,000 AMOUNTS OF UNNECESSARY 550 00:23:28,000 --> 00:23:32,000 REGULATION. ALL OF THESE REGULATIONS ARE IN 551 00:23:32,000 --> 00:23:33,000 YOUR BUSINESS AND IN YOUR LIFE. 552 00:23:33,000 --> 00:23:34,000 I'M GOING TO UNLEASH AMERICAN 553 00:23:34,000 --> 00:23:36,000 ENERGY. 554 00:23:36,000 --> 00:23:37,000 I'M GOING TO REPEAL AND REPLACE 555 00:23:37,000 --> 00:23:38,000 OBAMACARE. 556 00:23:38,000 --> 00:23:43,000 I'M GOING TO APPOINT JUSTICES OF 557 00:23:43,000 --> 00:23:44,000 THE SUPREME COURT WHO WILL 558 00:23:44,000 --> 00:23:45,000 FOLLOW THE CONSTITUTION. 559 00:23:45,000 --> 00:23:50,000 [APPLAUSE] 560 00:23:53,000 --> 00:23:57,000 I'M GOING TO REBUILD OUR 561 00:23:57,000 --> 00:23:58,000 DEPLETED MILITARY AND TAKE CARE OF OUR VETS WHO ARE TREATED SO 562 00:23:58,000 --> 00:24:01,000 BADLY. [APPLAUSE] 563 00:24:01,000 --> 00:24:06,000 IN MANY CASES, OUR VETS ARE 564 00:24:07,000 --> 00:24:08,000 TREATED NOT NEARLY AS WELL AS 565 00:24:08,000 --> 00:24:09,000 PEOPLE WHO COME INTO OUR COUNTRY ILLEGALLY. 566 00:24:09,000 --> 00:24:13,000 WE CAN'T HAVE THAT. 567 00:24:13,000 --> 00:24:14,000 I'M GOING TO SAVE YOUR SECOND 568 00:24:14,000 --> 00:24:15,000 AMENDMENT, WHICH IS UNDER SEES. 569 00:24:15,000 --> 00:24:17,000 I'M GOING TO -- UNDER SEAS. 570 00:24:17,000 --> 00:24:22,000 -- UNDER SIEGE. 571 00:24:24,000 --> 00:24:25,000 I'M GOING TO END ILLEGAL 572 00:24:25,000 --> 00:24:26,000 IMMIGRATION WHICH IS POISONING 573 00:24:26,000 --> 00:24:30,000 OUR YOUTH. 574 00:24:30,000 --> 00:24:32,000 A TREMENDOUS PROBLEM. 575 00:24:32,000 --> 00:24:33,000 AND YES, WE WILL BUILD THE WALL. 576 00:24:33,000 --> 00:24:34,000 THE WALL WILL BE BILLED. 577 00:24:34,000 --> 00:24:36,000 IN CASE YOU WERE WORRIED ABOUT 578 00:24:36,000 --> 00:24:39,000 WHO WAS GOING TO PAY FOR IT, 579 00:24:39,000 --> 00:24:41,000 MEXICO IS GOING TO PAY FOR IT. 580 00:24:41,000 --> 00:24:44,000 TOTALLY SERIOUS ABOUT THAT. 581 00:24:44,000 --> 00:24:45,000 MEXICO AM A WE LOOK AT THE TRADE 582 00:24:45,000 --> 00:24:48,000 DEFICIT WITH -- WE HAVE WITH 583 00:24:48,000 --> 00:24:50,000 MEXICO, IT IS MASSIVE. 584 00:24:50,000 --> 00:24:51,000 THE WALL IS PEANUTS COMPARED TO 585 00:24:51,000 --> 00:24:53,000 WHAT WE ARE TALKING ABOUT. 586 00:24:53,000 --> 00:24:55,000 MEXICO WILL PAY FOR THE WALL. 587 00:24:55,000 --> 00:24:56,000 AND I'M GOING TO RENEGOTIATE OUR 588 00:24:56,000 --> 00:25:00,000 DISASTROUS TRADE DEALS, 589 00:25:00,000 --> 00:25:03,000 ESPECIALLY NAFTA, AND WE WILL ONLY MAKE GREAT TRADE DEALS THAT 590 00:25:03,000 --> 00:25:05,000 BUT THE AMERICAN WORKER FIRST 591 00:25:05,000 --> 00:25:06,000 AND PUT THE AMERICAN WORKER BACK 592 00:25:06,000 --> 00:25:10,000 TO WORK. [APPLAUSE] 593 00:25:10,000 --> 00:25:14,000 THAT INCLUDES OUR INERS -- OUR 594 00:25:14,000 --> 00:25:18,000 MINERS AND ARE STILL WORKERS. 595 00:25:18,000 --> 00:25:19,000 THEY'RE GOING BACK TO WORK. 596 00:25:19,000 --> 00:25:23,000 WE WILL REBUILD OUR ROADS, OUR 597 00:25:23,000 --> 00:25:24,000 BRIDGES, HIGHWAYS, AIRPORTS 598 00:25:24,000 --> 00:25:25,000 SCHOOLS, HOSPITALS. 599 00:25:25,000 --> 00:25:28,000 WE WILL REBUILD EVERYTHING. 600 00:25:28,000 --> 00:25:29,000 AMERICAN CARS WILL TRAVEL THE 601 00:25:29,000 --> 00:25:30,000 ROADS. 602 00:25:30,000 --> 00:25:31,000 AMERICAN PLANES WILL SOAR THE 603 00:25:31,000 --> 00:25:32,000 SKIES. 604 00:25:32,000 --> 00:25:34,000 AN AMERICAN SHIPS WILL PATROL 605 00:25:34,000 --> 00:25:35,000 THE SEAS. 606 00:25:35,000 --> 00:25:39,000 AMERICAN STEEL WILL SEND NEW 607 00:25:39,000 --> 00:25:41,000 SITES -- NEW SKYSCRAPERS INTO 608 00:25:41,000 --> 00:25:42,000 THE CLOUDS. 609 00:25:42,000 --> 00:25:44,000 AMERICAN HANDS WILL REBUILD THIS 610 00:25:44,000 --> 00:25:46,000 NATION. 611 00:25:46,000 --> 00:25:51,000 AND AMERICAN ENERGY, HARVESTED 612 00:25:52,000 --> 00:25:53,000 FROM AMERICAN SOURCES, WILL 613 00:25:53,000 --> 00:25:54,000 POWER THIS NATION. 614 00:25:54,000 --> 00:25:57,000 AMERICAN WORKERS WILL BE HIRED 615 00:25:57,000 --> 00:25:58,000 TO DO THE JOB. 616 00:25:58,000 --> 00:26:03,000 WE WILL PUT NEW AMERICAN METAL 617 00:26:03,000 --> 00:26:05,000 AND NEW AMERICAN STEEL INTO THE 618 00:26:05,000 --> 00:26:06,000 SPINE OF THIS COUNTRY. 619 00:26:06,000 --> 00:26:10,000 JOBS WILL RETURN, INCOMES WILL 620 00:26:10,000 --> 00:26:13,000 RISE, NEW FACTORIES WILL COME 621 00:26:13,000 --> 00:26:16,000 RUSHING BACK TO OUR SHORES. 622 00:26:16,000 --> 00:26:17,000 WE WILL MAKE AMERICA WEALTHY 623 00:26:17,000 --> 00:26:19,000 AGAIN. WE WILL MAKE AMERICA STRONG 624 00:26:19,000 --> 00:26:20,000 AGAIN. 625 00:26:20,000 --> 00:26:24,000 AND WE WILL MAKE AMERICA GREAT 626 00:26:24,000 --> 00:26:25,000 AGAIN. 627 00:26:25,000 --> 00:26:27,000 THANK YOU VERY MUCH. 628 00:26:27,000 --> 00:26:28,000 BLESS YOU. THANK YOU. 629 00:26:28,000 --> 00:26:30,000 THANK YOU VERY MUCH. 630 00:26:30,000 --> 00:26:34,000 THANK YOU. 631 00:26:34,000 --> 00:26:37,000 SCARLET: THAT WAS DONALD TRUMP 632 00:26:37,000 --> 00:26:38,000 WRAPPING UP HIS COMMENTS AT THE 633 00:26:38,000 --> 00:26:43,000 ECONOMIC CLUB OF NEW YORK. 634 00:26:47,000 --> 00:26:52,000 AMONG THE HEADLINES -- 635 00:26:53,000 --> 00:26:57,000 MATT: I SHOULD POINT OUT THAT 636 00:26:57,000 --> 00:27:02,000 TOM KEENE IS ON THE OTHER SIDE. 637 00:27:02,000 --> 00:27:04,000 WE'VE GOT IT COVERED. 638 00:27:04,000 --> 00:27:09,000 JOHN HOLSTEN, THE BILLIONAIRE 639 00:27:11,000 --> 00:27:12,000 HEDGE FUND MANAGER MADE SO MUCH 640 00:27:12,000 --> 00:27:13,000 MONEY ON THE DOWNFALL OF THIS 641 00:27:13,000 --> 00:27:18,000 COUNTRY'S ECONOMY, IS GOING TO 642 00:27:20,000 --> 00:27:21,000 BE DOING THE QUESTIONING ARE 643 00:27:21,000 --> 00:27:22,000 STARTING OUT THE QUESTIONS HERE. 644 00:27:22,000 --> 00:27:24,000 THERE WILL BE A Q AND A SESSION. 645 00:27:24,000 --> 00:27:25,000 WE WILL TAKE ALL OF IT AND GIVE 646 00:27:25,000 --> 00:27:26,000 IT TO YOU AS WELL. 647 00:27:26,000 --> 00:27:31,000 BUT FIRST OFF, WE HAVE STEVE 648 00:27:31,000 --> 00:27:35,000 HERE AND MICHAEL MCKEE. 649 00:27:35,000 --> 00:27:36,000 SOME OF THE THINGS WE HEARD FROM 650 00:27:36,000 --> 00:27:40,000 DONALD TRUMP -- WERE THERE ANY 651 00:27:40,000 --> 00:27:41,000 SURPRISES? 652 00:27:41,000 --> 00:27:42,000 WE HEARD A LOT OF THE SAME 653 00:27:42,000 --> 00:27:46,000 THINGS THAT WE HAVE HEARD. 654 00:27:46,000 --> 00:27:51,000 SCARLET: THE WALL THAT WILL BE 655 00:27:51,000 --> 00:27:52,000 BILLED COME ATTACK SCOUTS, 656 00:27:52,000 --> 00:27:53,000 CHILDCARE WILL NOW BE 657 00:27:53,000 --> 00:27:54,000 TAX-DEDUCTIBLE. STEVE: NOT A LOT OF SURPRISES. 658 00:27:54,000 --> 00:27:57,000 THIS SUMMER TRUCK PUT OUT A 659 00:27:57,000 --> 00:28:00,000 LOAD OF HIS TAX PLAN -- TRUMP 660 00:28:00,000 --> 00:28:04,000 PUT OUT A LOT OF HIS TAX PLAN ON 661 00:28:04,000 --> 00:28:05,000 HIS WEBSITE. 662 00:28:05,000 --> 00:28:06,000 HIS TEAM TO GET DOWN. 663 00:28:06,000 --> 00:28:07,000 THIS IS THE SECOND TAKE. 664 00:28:07,000 --> 00:28:09,000 HE KIDS TO COME DOUBT THAT'S 665 00:28:09,000 --> 00:28:13,000 COME OUT -- HE GETS TO COME OUT 666 00:28:13,000 --> 00:28:14,000 AND SAYS THIS IS HOW WE GET TO 667 00:28:14,000 --> 00:28:15,000 PAY FOR AND IS IN MY ROOM PLAN. 668 00:28:15,000 --> 00:28:20,000 THIS IS TRUMP'S REDO. 669 00:28:21,000 --> 00:28:22,000 ON THE NIGHTLY NEWS, WHAT WILL 670 00:28:22,000 --> 00:28:23,000 VOTERS HERE? 671 00:28:23,000 --> 00:28:28,000 TRUMP PROPOSED A TAX CUT FOR YOU 672 00:28:28,000 --> 00:28:29,000 AND HE IS GOING TO PAY FOR. 673 00:28:29,000 --> 00:28:32,000 NOW ONTO TRAFFIC AND WEATHER. 674 00:28:32,000 --> 00:28:33,000 MATT: HE SAYS COME AS LONG AS WE 675 00:28:33,000 --> 00:28:37,000 HAVE 4% GDP GROWTH -- 676 00:28:37,000 --> 00:28:42,000 MICHAEL: THEN HE GOES BACK TO THE OLD REPUBLICAN SHIFT. 677 00:28:42,000 --> 00:28:46,000 CUT TAXES AND THAT WILL INCREASE 678 00:28:46,000 --> 00:28:47,000 GROWTH AND THAT WILL PAY FOR THE 679 00:28:47,000 --> 00:28:48,000 TAX CUT. 680 00:28:48,000 --> 00:28:49,000 NO EVIDENCE THAT WOULD ACTUALLY 681 00:28:49,000 --> 00:28:51,000 WORK. 682 00:28:51,000 --> 00:28:56,000 MATT: WE HAD TWO DECADES OF 683 00:28:57,000 --> 00:28:58,000 PROSPERITY AFTER THAT STARTED, 684 00:28:58,000 --> 00:29:01,000 RIGHT? 685 00:29:01,000 --> 00:29:02,000 MICHAEL: NO WAY WE CAN GET TO 4% 686 00:29:02,000 --> 00:29:06,000 GROWTH UNDER CURRENT SITUATIONS. 687 00:29:06,000 --> 00:29:07,000 SCARLET: LET'S LISTEN TO THE Q 688 00:29:07,000 --> 00:29:08,000 AND A. 689 00:29:08,000 --> 00:29:11,000 DONALD TRUMP SPEAKING WITH 690 00:29:11,000 --> 00:29:16,000 DONALD PAULSON. 691 00:29:18,000 --> 00:29:19,000 MR. TRUMP: IT IS LIKE THEY WILL 692 00:29:19,000 --> 00:29:21,000 HAVE A REVOLUTION. 693 00:29:21,000 --> 00:29:22,000 AND THEY START EVALUATING, AND 694 00:29:22,000 --> 00:29:24,000 EVALUATING. 695 00:29:24,000 --> 00:29:26,000 THEY DO ALSO TO THINGS AND THEY 696 00:29:26,000 --> 00:29:27,000 GET BACK ON TRACK. 697 00:29:27,000 --> 00:29:28,000 I'VE HAD FRIENDS COME TO ME THAT 698 00:29:28,000 --> 00:29:33,000 HAVE BEEN DEVASTATED 699 00:29:33,000 --> 00:29:34,000 MANUFACTURES, GREAT 700 00:29:34,000 --> 00:29:35,000 MANUFACTURERS, SUCCESSFUL 701 00:29:35,000 --> 00:29:36,000 PEOPLE, BUT THEY HAVE BECOME LESS AND LESS SUCCESSFUL BECAUSE 702 00:29:36,000 --> 00:29:39,000 THEY CAN'T BEAT THE SYSTEM. 703 00:29:39,000 --> 00:29:40,000 IN THIS WAY, TOO, IT IS A RIGGED 704 00:29:40,000 --> 00:29:41,000 SYSTEM. 705 00:29:41,000 --> 00:29:42,000 THEY ARE ALMOST DOING WELL AND 706 00:29:42,000 --> 00:29:44,000 THEN THERE IS A MASSIVE 707 00:29:44,000 --> 00:29:46,000 DEVALUATION IN CHINA OR OTHER 708 00:29:46,000 --> 00:29:50,000 COUNTRIES AND THERE ARE PLENTY 709 00:29:50,000 --> 00:29:51,000 OF OTHER COUNTRIES OUT THERE -- SOME ARE ACTUALLY HURTING CHINA 710 00:29:51,000 --> 00:29:55,000 NOW. THE FACT IS, WHEN THEY HAVE 7%, 711 00:29:55,000 --> 00:30:00,000 WHEN YOU SEE IT DROPPED TO 7% OR 712 00:30:00,000 --> 00:30:01,000 8%, THEY CONSIDER IT A DISASTER 713 00:30:01,000 --> 00:30:04,000 AND WE ARE STUCK AT 1%. 714 00:30:04,000 --> 00:30:05,000 PERHAPS THE REAL NUMBERS 1%, BUT 715 00:30:05,000 --> 00:30:10,000 NO MORE THAN 2% AND WE TRY 716 00:30:10,000 --> 00:30:11,000 TO LIVE WITH IT. 717 00:30:11,000 --> 00:30:12,000 SO WE ARE GOING TO UNLEASH 718 00:30:12,000 --> 00:30:15,000 TREMENDOUS OPPORTUNITY AND WE 719 00:30:15,000 --> 00:30:16,000 ARE BRINGING BACK THE TRILLIONS 720 00:30:16,000 --> 00:30:17,000 OF DOLLARS THAT DOESN'T COME 721 00:30:17,000 --> 00:30:22,000 INTO THIS COUNTRY. 722 00:30:22,000 --> 00:30:24,000 THAT DOES REALLY BRING A LOT OF COMPANIES OUT. 723 00:30:24,000 --> 00:30:26,000 THEY WANT TO GET THEIR MONEY. 724 00:30:26,000 --> 00:30:28,000 THEY LEAVE TO GET THEIR MONEY. 725 00:30:28,000 --> 00:30:32,000 SO WE WILL UNLEASH A LOT. 726 00:30:32,000 --> 00:30:33,000 WE WILL UNLEASH A LOT WITH THE REGULATIONS. 727 00:30:33,000 --> 00:30:38,000 THE THING THAT MOST SURPRISED ME 728 00:30:38,000 --> 00:30:39,000 IN GOING AROUND -- BECAUSE I'VE 729 00:30:39,000 --> 00:30:42,000 BEEN EVERYWHERE. 730 00:30:42,000 --> 00:30:45,000 I HAVE BEEN WORKING. THIS STARTED ON JUNE 16. 731 00:30:45,000 --> 00:30:46,000 WHO KNEW THIS WAS GOING TO 732 00:30:46,000 --> 00:30:48,000 HAPPEN, RIGHT? 733 00:30:48,000 --> 00:30:49,000 BUT IT STARTED ON JUNE 16 AND IT 734 00:30:49,000 --> 00:30:53,000 HAS BEEN AN AMAZING THING. 735 00:30:53,000 --> 00:30:54,000 BUT FROM A BUSINESS STANDPOINT, 736 00:30:54,000 --> 00:30:56,000 I SPEAK TO THE BIGGEST AS THIS 737 00:30:56,000 --> 00:30:58,000 IS IN THE WORLD BUT I ALSO SPEAK 738 00:30:58,000 --> 00:31:01,000 TO THE SMALL BUSINESS PEOPLE AND THE FARMERS. 739 00:31:01,000 --> 00:31:02,000 IF THEY HAD THEIR CHOICE BETWEEN 740 00:31:02,000 --> 00:31:03,000 THIS MASSIVE TAX CUT FROM 35% 741 00:31:03,000 --> 00:31:08,000 DOWN TO 15% OR REGULATION 742 00:31:08,000 --> 00:31:10,000 RELIEF, THEY WOULD TAKE A MOST 743 00:31:10,000 --> 00:31:12,000 100% REGULATION -- THE 744 00:31:12,000 --> 00:31:14,000 REGULATIONS ARE A DISASTER. 745 00:31:14,000 --> 00:31:15,000 THEY ARE KILLING THE FARMERS. 746 00:31:15,000 --> 00:31:19,000 THEY ARE KILLING THE ENERGY 747 00:31:19,000 --> 00:31:23,000 FOLKS. THEY ARE KILLING THE MINES. 748 00:31:23,000 --> 00:31:27,000 IT HAS GOTTEN SO CRAZY AND IT 749 00:31:27,000 --> 00:31:29,000 HAS GONE SO EXCESSIVE THAT THEY 750 00:31:29,000 --> 00:31:31,000 WOULD TAKE THAT OVER TAXES. 751 00:31:31,000 --> 00:31:35,000 SO WE ARE GOING TO ANOTHER -- 752 00:31:35,000 --> 00:31:36,000 GOING TO UNLEASH TREMENDOUS 753 00:31:36,000 --> 00:31:38,000 NUMBER OF JOBS. 754 00:31:38,000 --> 00:31:43,000 CUTTING WASTE FRAUD ABUSE. 755 00:31:44,000 --> 00:31:45,000 WITH OF THE PENNY PLAN -- JUST A 756 00:31:45,000 --> 00:31:47,000 PENNY OUT OF EVERY DOLLAR. 757 00:31:47,000 --> 00:31:48,000 I KNOW YOU CAN DO THAT VERY 758 00:31:48,000 --> 00:31:49,000 EASILY. 759 00:31:49,000 --> 00:31:50,000 BUT WE HAVE TO APPOINT PEOPLE TO 760 00:31:50,000 --> 00:31:52,000 HEAD THESE MASSIVE, MASSIVE 761 00:31:52,000 --> 00:31:57,000 AGENCIES. IF THEY WERE COMPANIES, THEY 762 00:31:57,000 --> 00:31:58,000 WOULD BE VERY LARGE COMPANIES, 763 00:31:58,000 --> 00:31:59,000 SOME BIGGER THAN ANY OTHER 764 00:31:59,000 --> 00:32:00,000 COMPANIES. 765 00:32:00,000 --> 00:32:05,000 IF YOU TAKE A PENNY, A PENNY OFF 766 00:32:05,000 --> 00:32:06,000 THE DOLLAR AND YOU DO THAT FOR A 767 00:32:06,000 --> 00:32:07,000 NUMBER OF YEARS AND ALL OF A 768 00:32:07,000 --> 00:32:08,000 SUDDEN REALLY GREAT THINGS START 769 00:32:08,000 --> 00:32:11,000 TO HAPPEN. 770 00:32:11,000 --> 00:32:13,000 IN ADDITION TO THAT WE SPEND A 771 00:32:13,000 --> 00:32:14,000 TREMENDOUS AMOUNT ON MILITARY, 772 00:32:14,000 --> 00:32:17,000 WHICH WE ARE GOING TO INCREASE. 773 00:32:17,000 --> 00:32:18,000 WE HAVE NO CHOICE. 774 00:32:18,000 --> 00:32:19,000 BUT WE ALSO DEFEND OTHER 775 00:32:19,000 --> 00:32:23,000 COUNTRIES. AND THOSE COUNTRIES ARE NOT 776 00:32:23,000 --> 00:32:24,000 PAYING US NEARLY WHAT THEY 777 00:32:24,000 --> 00:32:28,000 SHOULD BE PAYING US. WE ARE LOSING TREMENDOUS 778 00:32:28,000 --> 00:32:29,000 BILLIONS AND BILLIONS OF DOLLARS 779 00:32:29,000 --> 00:32:31,000 ON DEFENDING OTHER PEOPLE, SOME 780 00:32:31,000 --> 00:32:32,000 OF THEM DON'T EVEN APPRECIATE 781 00:32:32,000 --> 00:32:33,000 THE FACT THAT WE ARE DEFENDING 782 00:32:33,000 --> 00:32:34,000 THEM. AND MANY OF THEM DON'T PAY US. 783 00:32:34,000 --> 00:32:37,000 THEY DON'T PAY US. 784 00:32:37,000 --> 00:32:39,000 WHY? 785 00:32:39,000 --> 00:32:42,000 WE DON'T ASK. 786 00:32:42,000 --> 00:32:46,000 THOSE COUNTRIES, I'M SURE, WILL 787 00:32:46,000 --> 00:32:50,000 START TO PAY FOR DEFENSE, BUT IT IS A FANTASTIC -- IT IS A 788 00:32:50,000 --> 00:32:51,000 FANTASTIC NUMBER. 789 00:32:51,000 --> 00:32:55,000 IT IS A VERY, VERY LARGE -- IT IS A SHOCKING NUMBER. 790 00:32:55,000 --> 00:32:56,000 I WILL JUST FINISH WITH SAYING 791 00:32:56,000 --> 00:32:57,000 THIS. 792 00:32:57,000 --> 00:33:00,000 I HAVE GREAT RESPECT FOR JAPAN. 793 00:33:00,000 --> 00:33:02,000 BUT AS YOU KNOW, WE DEFEND 794 00:33:02,000 --> 00:33:03,000 JAPAN. WE DEFEND GERMANY. 795 00:33:03,000 --> 00:33:05,000 WE DEFEND SAUDI ARABIA. 796 00:33:05,000 --> 00:33:10,000 WE DEFEND SOUTH KOREA. THESE ARE ECONOMIC AND HE MYTHS 797 00:33:10,000 --> 00:33:15,000 BUT HE MYTHS -- ECONOMIC 798 00:33:15,000 --> 00:33:20,000 BEHEMOTHS BEHEMOTHS. 799 00:33:23,000 --> 00:33:26,000 DOESN'T MR. TRUMP KNOW THAT 800 00:33:26,000 --> 00:33:27,000 JAPAN PAYS 50% OF THE COST OF 801 00:33:27,000 --> 00:33:30,000 ITS DEFENSE? 802 00:33:30,000 --> 00:33:31,000 I SAY, OH, WHY DON'T THEY PAY 803 00:33:31,000 --> 00:33:33,000 100%? 804 00:33:33,000 --> 00:33:34,000 THE NUMBERS YOU ARE TALKING 805 00:33:34,000 --> 00:33:35,000 ABOUT OUR MASSIVE. 806 00:33:35,000 --> 00:33:40,000 WHEN YOU ADD IT ALL TOGETHER 807 00:33:41,000 --> 00:33:45,000 LIGHTER THINGS ARE GOING TO HAPPEN. 808 00:33:45,000 --> 00:33:49,000 >> ON THE CORPORATE TAX RATE, A 809 00:33:49,000 --> 00:33:51,000 CORNERSTONE OF YOUR POLICY IS 810 00:33:51,000 --> 00:33:56,000 REDUCING THE RATE. 811 00:33:56,000 --> 00:33:57,000 SECRETARY LEW PROPOSED A 28% 812 00:33:57,000 --> 00:33:59,000 RATE. THE U.K. IS AT 20%. 813 00:33:59,000 --> 00:34:04,000 IRELAND IS AT 12.5%. 814 00:34:05,000 --> 00:34:06,000 HOW DID YOU SETTLE ON 15% OF THE 815 00:34:06,000 --> 00:34:07,000 TARGET FOR THE U.S.? 816 00:34:07,000 --> 00:34:12,000 MR. TRUMP: A LOT OF THAT HAS TO 817 00:34:12,000 --> 00:34:13,000 DO WITH THE CUTTING BECAUSE WE 818 00:34:13,000 --> 00:34:14,000 ARE GOING TO BE CUTTING COSTS. 819 00:34:14,000 --> 00:34:16,000 I THINK WE ARE GOING TO UNLEASH 820 00:34:16,000 --> 00:34:18,000 SOMETHING THAT IS GOING TO BE SO 821 00:34:18,000 --> 00:34:19,000 AMAZING AND A LOT OF IT IS 822 00:34:19,000 --> 00:34:21,000 COMPETITION. YOU LOOK AT IRELAND BEING THE 823 00:34:21,000 --> 00:34:22,000 LOWEST. 824 00:34:22,000 --> 00:34:24,000 WE ARE NOT THE LOWEST, BUT WE 825 00:34:24,000 --> 00:34:25,000 ARE GETTING DOWN THERE. 826 00:34:25,000 --> 00:34:29,000 RIGHT NOW, WE ARE THE HIGHEST OF 827 00:34:29,000 --> 00:34:30,000 THE WORLD, CERTAINLY OF THE 828 00:34:30,000 --> 00:34:33,000 INDUSTRIALIZED COUNTRIES. 829 00:34:33,000 --> 00:34:34,000 AND WE SAID IT FROM A COMPETITIVE STANDPOINT AND WE 830 00:34:34,000 --> 00:34:37,000 ADDED TO THAT AND VERY 831 00:34:37,000 --> 00:34:38,000 IMPORTANTLY ADDED TO THAT THE 832 00:34:38,000 --> 00:34:40,000 COST CUTTING. 833 00:34:40,000 --> 00:34:44,000 AND THERE IS TREMENDOUS FAT. IT'S INTERESTING, WHEN ALL OF US 834 00:34:44,000 --> 00:34:45,000 AND SO MANY IN THE ROOM DO THIS 835 00:34:45,000 --> 00:34:47,000 WHEN WE BUY COMPANIES WE LIKE 836 00:34:47,000 --> 00:34:49,000 TO BUY COMPANIES THAT ARE POORLY 837 00:34:49,000 --> 00:34:50,000 RUN, RIGHT, BECAUSE WE HAVE SO 838 00:34:50,000 --> 00:34:51,000 MUCH ROOM TO CUT. 839 00:34:51,000 --> 00:34:54,000 WE DON'T WANT TO BUY A PERFECTLY RUNNING MACHINE WHERE WE CAN DO 840 00:34:54,000 --> 00:34:55,000 TOO MUCH. 841 00:34:55,000 --> 00:34:58,000 BUT WE ARE NOT A PERFECTLY RUNNING MACHINE. 842 00:34:58,000 --> 00:34:59,000 WE HAVE TWO MINUTES WASTE 843 00:34:59,000 --> 00:35:00,000 TREMENDOUS ABUSE. 844 00:35:00,000 --> 00:35:02,000 OUR MILITARY ORDERS EQUIPMENT 845 00:35:02,000 --> 00:35:07,000 THAT IS POLITICALLY MOTIVATED 846 00:35:08,000 --> 00:35:09,000 BECAUSE THEY WILL BUY A COMMENT THAT IS NOT AS GOOD AS THEY 847 00:35:09,000 --> 00:35:11,000 WANT. 848 00:35:11,000 --> 00:35:13,000 AND THE CLAIMANT THAT THE 849 00:35:13,000 --> 00:35:14,000 GENERALS WANT IS BETTER AND LESS 850 00:35:14,000 --> 00:35:15,000 EXTENSIVE. 851 00:35:15,000 --> 00:35:16,000 -- AND THE EQUIPMENT THAT THE 852 00:35:16,000 --> 00:35:18,000 GENERALS WANT IS SO BETTER AND 853 00:35:18,000 --> 00:35:22,000 LESS SIX AND SAID -- LESS 854 00:35:22,000 --> 00:35:23,000 EXPENSIVE. 855 00:35:23,000 --> 00:35:24,000 WE ARE GOING TO MAKE AMERICA 856 00:35:24,000 --> 00:35:25,000 GREAT AGAIN. 857 00:35:25,000 --> 00:35:30,000 ;> NOW IT'S TIME FOR> MARTIN 858 00:35:32,000 --> 00:35:33,000 FELDSTEIN WHO IS ON OUR BOARD AND CHAIRMAN OF THE DEPARTMENT 859 00:35:33,000 --> 00:35:34,000 OF ECONOMICS AT HARVARD. 860 00:35:34,000 --> 00:35:36,000 PART OF THE ISSUE IN REDUCING TAX RATES IS BEING TACKED ON THE 861 00:35:36,000 --> 00:35:38,000 DEFICIT. 862 00:35:38,000 --> 00:35:41,000 WHAT OFFSETS WOULD YOU PROPOSE 863 00:35:41,000 --> 00:35:43,000 TO COMPENSATE FOR THE REDUCED 864 00:35:43,000 --> 00:35:48,000 REVENUE. 865 00:35:51,000 --> 00:35:52,000 YOU MENTIONED IN YOUR SPEECH 866 00:35:52,000 --> 00:35:53,000 THAT COME OVER TIME, IT CAN BE 867 00:35:53,000 --> 00:35:54,000 REVENUE NEUTRAL. 868 00:35:54,000 --> 00:35:57,000 MR. TRUMP: EVENTUALLY WITH TIME 869 00:35:57,000 --> 00:36:01,000 THIS IS GOING TO WORK OUT. 870 00:36:01,000 --> 00:36:03,000 BUT THE BIG THING WITH 871 00:36:03,000 --> 00:36:05,000 NEUTRALITY IS THE AMOUNT OF 872 00:36:05,000 --> 00:36:08,000 BUSINESS WE GENERATE, THE FACT 873 00:36:08,000 --> 00:36:09,000 THAT COMPANIES WILL NO LONGER BE LIVING -- BELIEVING. 874 00:36:09,000 --> 00:36:14,000 YOU HAVE TO LOOK AT THE 875 00:36:14,000 --> 00:36:17,000 COMPANIES -- I TOLD YOU BEFORE 876 00:36:17,000 --> 00:36:18,000 THAT FORD MOTOR COMPANY, THIS IS 877 00:36:18,000 --> 00:36:20,000 A MASSIVE AMOUNT OF BUSINESS. THEY ARE TAKING ALL SMART -- ALL 878 00:36:20,000 --> 00:36:21,000 SMALL CARS AND MAKE THEM IN 879 00:36:21,000 --> 00:36:23,000 MEXICO. 880 00:36:23,000 --> 00:36:25,000 IT IS DEVASTATING FOR MICHIGAN 881 00:36:25,000 --> 00:36:27,000 AND AREAS OF ME THAT HAVE TO GO 882 00:36:27,000 --> 00:36:30,000 THROUGH THIS. 883 00:36:30,000 --> 00:36:31,000 WE ARE GOING TO KEEP OUR 884 00:36:31,000 --> 00:36:36,000 COMPANIES HERE ARE LEAVING US 885 00:36:37,000 --> 00:36:38,000 BECAUSE OUR TAXES ARE SO HIGH 886 00:36:38,000 --> 00:36:39,000 BECAUSE THEY CANNOT BRING THEIR 887 00:36:39,000 --> 00:36:40,000 MONEY BACK IN. 888 00:36:40,000 --> 00:36:41,000 OUR COMPANIES ARE LEAVING US 889 00:36:41,000 --> 00:36:43,000 BECAUSE OF REGULATION. 890 00:36:43,000 --> 00:36:44,000 THE REGULATION IS SO MASSIVE 891 00:36:44,000 --> 00:36:46,000 THAT OUR COMPANIES ARE LEAVING 892 00:36:46,000 --> 00:36:51,000 US. 893 00:36:52,000 --> 00:36:53,000 THEY ARE NOT GOING TO BE LEAVING 894 00:36:53,000 --> 00:36:54,000 ANYMORE BECAUSE THEY WILL HAVE A 895 00:36:54,000 --> 00:36:55,000 BETTER DEAL THAN WHERE THEY ARE 896 00:36:55,000 --> 00:36:58,000 LOOKING TO GO. 897 00:36:58,000 --> 00:37:00,000 BUT WE ARE COUPLING THAT WITH 898 00:37:00,000 --> 00:37:01,000 CUTTING COSTS, CUTTING BUDGETARY 899 00:37:01,000 --> 00:37:02,000 COSTS AND LOTS OF COST. 900 00:37:02,000 --> 00:37:03,000 THERE WILL BE MANY COSTS THAT WE 901 00:37:03,000 --> 00:37:05,000 WILL BE CUTTING. 902 00:37:05,000 --> 00:37:08,000 AND WE WILL BE ENHANCED BY MANY 903 00:37:08,000 --> 00:37:11,000 THINGS WITH THE MILITARY AND THE 904 00:37:11,000 --> 00:37:12,000 DEFENSE OF OTHER COUNTRIES 905 00:37:12,000 --> 00:37:13,000 WHICH A LOT OF PEOPLE DIDN'T 906 00:37:13,000 --> 00:37:15,000 EVEN KNOW. TOO MANY PEOPLE EVEN IN THIS 907 00:37:15,000 --> 00:37:17,000 ROOM UNTIL A STUDY SPEAKING 908 00:37:17,000 --> 00:37:22,000 ABOUT IT A YEAR AGO, I DON'T 909 00:37:22,000 --> 00:37:23,000 THINK MANY PEOPLE KNEW THAT WE 910 00:37:23,000 --> 00:37:25,000 DEFEND GERMANY AND JAPAN. 911 00:37:25,000 --> 00:37:28,000 WERE DEFENDING SOUTH KOREA. 912 00:37:28,000 --> 00:37:29,000 SAUDI ARABIA AS AN EXAMPLE, 913 00:37:29,000 --> 00:37:31,000 SAUDI ARABIA WE KNOW LOTS OF 914 00:37:31,000 --> 00:37:35,000 WEALTH, LOTS OF MONEY. 915 00:37:35,000 --> 00:37:36,000 THEY DON'T PAY US VERY MUCH FOR 916 00:37:36,000 --> 00:37:38,000 WHAT WE DO. 917 00:37:38,000 --> 00:37:39,000 AND YOU COULD ASK YOURSELF HOW 918 00:37:39,000 --> 00:37:41,000 LONG WOULD SAUDI ARABIA EVEN BE 919 00:37:41,000 --> 00:37:42,000 THERE IF WE WEREN'T DEFENDING 920 00:37:42,000 --> 00:37:44,000 THEM? 921 00:37:44,000 --> 00:37:45,000 AND I THINK WE SHOULD DEFEND 922 00:37:45,000 --> 00:37:47,000 THEM. 923 00:37:47,000 --> 00:37:48,000 WE HAVE TO BE COMPENSATED 924 00:37:48,000 --> 00:37:50,000 PROPERLY FOR THAT DEFENSE. 925 00:37:50,000 --> 00:37:51,000 I'M SURE THEY WILL BE THRILLED 926 00:37:51,000 --> 00:37:52,000 TO HEAR THAT. 927 00:37:52,000 --> 00:37:57,000 [LAUGHTER] 928 00:37:57,000 --> 00:37:59,000 >> ONE ISSUE THAT CAME UP 929 00:37:59,000 --> 00:38:03,000 PREVIOUSLY WAS THE POTENTIAL FOR 930 00:38:03,000 --> 00:38:04,000 DEFAULT ON THE U.S. DEBT. 931 00:38:04,000 --> 00:38:07,000 THE U.S. HAS A PERFECT CREDIT 932 00:38:07,000 --> 00:38:10,000 HISTORY. 933 00:38:10,000 --> 00:38:12,000 IS THERE ANY SCENARIO YOU WOULD CONSIDER DEFAULTING ON THE U.S.? 934 00:38:12,000 --> 00:38:14,000 MR. TRUMP: DEBT NO -- ON THE 935 00:38:14,000 --> 00:38:16,000 U.S. DEBT? 936 00:38:16,000 --> 00:38:20,000 MR. TRUMP: NO. 937 00:38:20,000 --> 00:38:21,000 THIS ISN'T LIKE BUILDING A REAL 938 00:38:21,000 --> 00:38:24,000 ESTATE PROJECT IN THE MARKET 939 00:38:24,000 --> 00:38:25,000 CRASHES AND YOU HAVE YOUR SHOT AT A BANK. 940 00:38:25,000 --> 00:38:26,000 I LOVE THOSE DAYS, YOU KNOW? 941 00:38:26,000 --> 00:38:27,000 I LOVE THAT. 942 00:38:27,000 --> 00:38:31,000 [LAUGHTER] 943 00:38:31,000 --> 00:38:32,000 SOMEBODY SAID I AM ONE OF THE 944 00:38:32,000 --> 00:38:33,000 GREAT IN THE WORLD. 945 00:38:33,000 --> 00:38:38,000 I LOVE BUYING BANK DEBT. I LOVE NEGOTIATING BANK DEBT. 946 00:38:46,000 --> 00:38:47,000 YOU CAN DISCOUNT. WE CAN DO THINGS. 947 00:38:47,000 --> 00:38:50,000 BUT THE DEBT OF THIS COUNTRY IS 948 00:38:50,000 --> 00:38:53,000 ABSOLUTELY SACRED ABSOLUTELY 949 00:38:53,000 --> 00:38:54,000 100% SACRED. 950 00:38:54,000 --> 00:38:56,000 YOU HAVE TO BE. 951 00:38:56,000 --> 00:39:01,000 >> REGARDING REGULATION YOU 952 00:39:03,000 --> 00:39:04,000 SAID THAT WE HAVE TOO MUCH 953 00:39:04,000 --> 00:39:07,000 REGULATION AND THAT EXCESS 954 00:39:07,000 --> 00:39:10,000 REGULATION IMPEDES GROWTH. 955 00:39:10,000 --> 00:39:12,000 WHAT WOULD BE YOUR STRATEGY FOR 956 00:39:12,000 --> 00:39:13,000 REDUCING EXCESSIVE REGULATION? 957 00:39:13,000 --> 00:39:18,000 MR. TRUMP: I GO BACK TO THE 958 00:39:18,000 --> 00:39:19,000 HEADS OF THE VARIOUS GROUPS, 959 00:39:19,000 --> 00:39:20,000 AGENCIES, ALL OF THE DIFFERENT 960 00:39:20,000 --> 00:39:25,000 PARCELS OF GOVERNMENT. 961 00:39:28,000 --> 00:39:29,000 I WOULD PUT IN VERY TOP PEOPLE 962 00:39:29,000 --> 00:39:33,000 TO NEGOTIATE. HONESTLY WE PUT POLITICAL 963 00:39:33,000 --> 00:39:34,000 PEOPLE AND TO NEGOTIATE. 964 00:39:34,000 --> 00:39:36,000 WE PUT PEOPLE THEY GAVE 965 00:39:36,000 --> 00:39:39,000 CONTRIBUTIONS PEOPLE THAT WORK 966 00:39:39,000 --> 00:39:40,000 THE SYSTEM, PEOPLE THAT 967 00:39:40,000 --> 00:39:41,000 SHOULDN'T BE THERE. 968 00:39:41,000 --> 00:39:44,000 AND WHEN YOU SAY CAN YOU CUT 1% 969 00:39:44,000 --> 00:39:45,000 OFF YOUR BUDGET, THEY LOOK LIKE 970 00:39:45,000 --> 00:39:47,000 THIS IS IMPOSSIBLE. 971 00:39:47,000 --> 00:39:49,000 WHEREAS PEOPLE IN THIS ROOM, 972 00:39:49,000 --> 00:39:50,000 BECAUSE I KNOW A COUPLE OF THEM 973 00:39:50,000 --> 00:39:51,000 ARE TOTAL KILLERS -- I WILL CALL 974 00:39:51,000 --> 00:39:52,000 THEM OUT -- THEY HEAR ONE 975 00:39:52,000 --> 00:39:57,000 PERSON, THEY SAY DON I CAN GET 976 00:39:57,000 --> 00:39:58,000 IT DONE IN ONE YEAR. 977 00:39:58,000 --> 00:39:59,000 I SAY TAKE IT EASY, JUST RELAX. 978 00:39:59,000 --> 00:40:00,000 [LAUGHTER] 979 00:40:00,000 --> 00:40:02,000 BUT THERE ARE PEOPLE IN THIS 980 00:40:02,000 --> 00:40:03,000 ROOM WHO WOULD SAY THAT SO WHEN 981 00:40:03,000 --> 00:40:05,000 YOU SAY 1% A YEAR FOR 10 YEARS 982 00:40:05,000 --> 00:40:10,000 THAT'S A MASSIVE DIFFERENCE EMMA 983 00:40:10,000 --> 00:40:11,000 1% FOR 10 YEARS. I WOULD REALLY HAVE IT DONE AT 984 00:40:11,000 --> 00:40:14,000 THE LEVEL OF THE GROUP RUNNING 985 00:40:14,000 --> 00:40:18,000 WHAT EVER INDIVIDUAL THING IN 986 00:40:18,000 --> 00:40:19,000 GOVERNMENT THEY ARE RUNNING AND 987 00:40:19,000 --> 00:40:20,000 THEY WILL BE ABLE TO DO IT IF 988 00:40:20,000 --> 00:40:21,000 THEY HAVE THE RIGHT PEOPLE. 989 00:40:21,000 --> 00:40:22,000 WE DON'T HAVE THE RIGHT PEOPLE. 990 00:40:22,000 --> 00:40:24,000 WE HAVE PEOPLE WHO SHOULDN'T BE 991 00:40:24,000 --> 00:40:28,000 DOING WHAT THEY ARE DOING. WE HAVE PEOPLE UNDER THEM WHO 992 00:40:28,000 --> 00:40:29,000 ARE FAR, FAR MORE CONFIDENT THAN 993 00:40:29,000 --> 00:40:33,000 THEY ARE AND THEY LOSE THOSE -- 994 00:40:33,000 --> 00:40:34,000 THOSE PEOPLE LOSE RESPECT FOR 995 00:40:34,000 --> 00:40:36,000 THE SYSTEM WHEN THEY SEE WHAT IS 996 00:40:36,000 --> 00:40:37,000 COMING IN. 997 00:40:37,000 --> 00:40:42,000 AND I CAN'T TELL YOU HOW 998 00:40:43,000 --> 00:40:44,000 STRONGLY I BELIEVE THIS. 999 00:40:44,000 --> 00:40:45,000 THE TRADE DEALS ARE SO BAD. 1000 00:40:45,000 --> 00:40:48,000 NAFTA HAS DESTROYED THIS 1001 00:40:48,000 --> 00:40:49,000 COUNTRY. NAFTA HAS DESTROYED THE 1002 00:40:49,000 --> 00:40:50,000 MANUFACTURING LEG OF THIS 1003 00:40:50,000 --> 00:40:55,000 COUNTRY. 1004 00:41:37,000 --> 00:41:38,000 AND COMPANIES HAVE DESTROYED 1005 00:41:38,000 --> 00:41:40,000 COMPANIES. 1006 00:41:40,000 --> 00:41:41,000 THOUSANDS AND THOUSANDS OF 1007 00:41:41,000 --> 00:41:42,000 COMPANIES, MILLIONS OF JOBS. 1008 00:41:42,000 --> 00:41:47,000 WE ARE GOING TO GET THAT BACK. 1009 00:41:48,000 --> 00:41:49,000 WHENEVER I TALK ABOUT TAX 1010 00:41:49,000 --> 00:41:50,000 CUTTING AND I TALK ABOUT 1011 00:41:50,000 --> 00:41:55,000 BALANCING, A BIG PART IS THAT WE 1012 00:41:55,000 --> 00:41:59,000 WILL TALK ABOUT NEGOTIATING GOOD 1013 00:41:59,000 --> 00:42:01,000 PUT HIM IN THE ROOM FOR A FEW 1014 00:42:01,000 --> 00:42:04,000 DAYS. HE WILL DO VERY WELL. 1015 00:42:04,000 --> 00:42:05,000 WE HAVE THE GREATEST NEGOTIATORS 1016 00:42:05,000 --> 00:42:08,000 IN THE WORLD. 1017 00:42:08,000 --> 00:42:10,000 WE HAVE TO USE -- WHEN CHINA 1018 00:42:10,000 --> 00:42:14,000 ENTERS THE NEGOTIATION, THEY COME IN WITH 20 PEOPLE THAT ARE 1019 00:42:14,000 --> 00:42:16,000 THE TOUGHEST, SMARTEST MEANEST 1020 00:42:16,000 --> 00:42:18,000 -- THEY DON'T SAY GOOD MORNING 1021 00:42:18,000 --> 00:42:21,000 IS IT A LOVELY DAY? 1022 00:42:21,000 --> 00:42:22,000 ISN'T IT WONDERFUL HOW THE 1023 00:42:22,000 --> 00:42:25,000 YANKEES DO LAST NIGHT? 1024 00:42:25,000 --> 00:42:26,000 THERE'S NO TALK. 1025 00:42:26,000 --> 00:42:27,000 WE GET DOWN TO BUSINESS, BOOM. 1026 00:42:27,000 --> 00:42:29,000 NO GAMES. 1027 00:42:29,000 --> 00:42:30,000 WE GET PEOPLE IN THERE WHO DO 1028 00:42:30,000 --> 00:42:33,000 NOT KNOW WHAT THEY ARE DOING. 1029 00:42:33,000 --> 00:42:35,000 THIS IS WHY WE HAVE DEFICITS OF 1030 00:42:35,000 --> 00:42:39,000 $500 BILLION WITH ONE COUNTRY. 1031 00:42:39,000 --> 00:42:40,000 WE REBUILT CHINA. 1032 00:42:40,000 --> 00:42:42,000 AND I SAY THAT WITH RESPECT WITH 1033 00:42:42,000 --> 00:42:43,000 CHINA. 1034 00:42:43,000 --> 00:42:44,000 I HAVE A GREAT RELATIONSHIP WITH CHINA. 1035 00:42:44,000 --> 00:42:48,000 THEY USED TO TELL ME -- I HAVE 1036 00:42:48,000 --> 00:42:51,000 MANY FRIENDS FROM CHINA -- THE 1037 00:42:51,000 --> 00:42:52,000 BIGGEST PEOPLE, THE RICHEST 1038 00:42:52,000 --> 00:42:53,000 PEOPLE, THEY CANNOT BELIEVE WHAT 1039 00:42:53,000 --> 00:42:54,000 CHINA GETS AWAY WITH. 1040 00:42:54,000 --> 00:42:55,000 THEY SAY, WE CAN BELIEVE IT. 1041 00:42:55,000 --> 00:43:00,000 THEN WHEN I ANNOUNCED THAT I WAS 1042 00:43:02,000 --> 00:43:03,000 RUNNING FOR PRESIDENT, THEY SAY WILL WE DID NOT MEAN THAT. 1043 00:43:03,000 --> 00:43:04,000 THEY DID NOT KNOW THIS WAS TO 1044 00:43:04,000 --> 00:43:05,000 HAPPEN. 1045 00:43:05,000 --> 00:43:06,000 AND THE GOOD OLD DAYS, THEY USED 1046 00:43:06,000 --> 00:43:09,000 TO SAY WE DON'T BELIEVE. 1047 00:43:09,000 --> 00:43:11,000 YOUR GOVERNMENT IS STUPID. 1048 00:43:11,000 --> 00:43:12,000 BUT NOW THEY DENY THEY EVER SAID 1049 00:43:12,000 --> 00:43:14,000 THAT. 1050 00:43:14,000 --> 00:43:19,000 [APPLAUSE] 1051 00:43:20,000 --> 00:43:25,000 >> ON STAFFING, HOW WOULD YOU 1052 00:43:26,000 --> 00:43:27,000 RUN A GOVERNMENT TO MAKE IT MORE 1053 00:43:27,000 --> 00:43:29,000 EFFECTIVE? WHAT WOULD BE YOUR CRITERIA IN 1054 00:43:29,000 --> 00:43:31,000 CHOOSING THE SENIOR 1055 00:43:31,000 --> 00:43:32,000 ADMINISTRATORS. 1056 00:43:32,000 --> 00:43:37,000 MR. TRUMP: TRACK RECORD, GREAT 1057 00:43:37,000 --> 00:43:39,000 CONFIDENCE, LOVE OF WHAT THEY 1058 00:43:39,000 --> 00:43:40,000 ARE DOING, HOW THEY ARE GETTING 1059 00:43:40,000 --> 00:43:42,000 ALONG WITH PEOPLE, REFERENCES. 1060 00:43:42,000 --> 00:43:45,000 NO DIFFERENCE THAN WHEN YOU'RE 1061 00:43:45,000 --> 00:43:46,000 ARE RUNNING A COMPANY THEN WHEN 1062 00:43:46,000 --> 00:43:51,000 YOU HIRE TOP PEOPLE. IT WOULD BE NO DIFFERENT. 1063 00:44:02,000 --> 00:44:03,000 YOU NEED PEOPLE THAT ARE TRULY 1064 00:44:03,000 --> 00:44:06,000 TRULY CAPABLE. 1065 00:44:06,000 --> 00:44:08,000 AND SO MUCH HAS TO DO WITH PAST 1066 00:44:08,000 --> 00:44:10,000 HISTORY. HOW THEY'VE DONE. 1067 00:44:10,000 --> 00:44:13,000 HOW'S IT ALL WORKED OUT. 1068 00:44:13,000 --> 00:44:14,000 YOU UNDERSTAND WHAT I MEAN BY 1069 00:44:14,000 --> 00:44:16,000 THAT PERHAPS BETTER THAN 1070 00:44:16,000 --> 00:44:17,000 ANYBODY. AND WE HAVE TO GET THE BEST 1071 00:44:17,000 --> 00:44:18,000 PEOPLE. 1072 00:44:18,000 --> 00:44:19,000 WE CAN NO LONGER BE SO 1073 00:44:19,000 --> 00:44:20,000 POLITICALLY CORRECT. 1074 00:44:20,000 --> 00:44:21,000 WE DO THINGS TODAY -- WE ARE SO 1075 00:44:21,000 --> 00:44:24,000 POLITICALLY CORRECT. 1076 00:44:24,000 --> 00:44:25,000 PEOPLE ARE SO AFRAID TO WALK. 1077 00:44:25,000 --> 00:44:26,000 THEY ARE AFRAID TO TALK. 1078 00:44:26,000 --> 00:44:29,000 THEY CAN'T SPEAK. 1079 00:44:29,000 --> 00:44:31,000 THEY ARE AFRAID THAT THEY WILL 1080 00:44:31,000 --> 00:44:32,000 SAY THE WRONG WORD AND THEY WILL 1081 00:44:32,000 --> 00:44:33,000 BE SHUNNED FROM SOCIETY. 1082 00:44:33,000 --> 00:44:34,000 THAT'S OK, IT WILL ONLY LAST 1083 00:44:34,000 --> 00:44:37,000 ABOUT A WEEK IF THAT HAPPENS. 1084 00:44:37,000 --> 00:44:40,000 NOT THAT BAD. BUT WE HAVE TO BE -- BUT WE 1085 00:44:40,000 --> 00:44:41,000 DON'T HAVE TO BE SO POLITICALLY 1086 00:44:41,000 --> 00:44:42,000 CORRECT. 1087 00:44:42,000 --> 00:44:47,000 WE NEED THE FINEST. 1088 00:44:48,000 --> 00:44:50,000 I'M NOT SAYING THIS BECAUSE IT'S 1089 00:44:50,000 --> 00:44:52,000 MYSELF. THIS IS THE LAST TIME, THIS IS 1090 00:44:52,000 --> 00:44:56,000 GOING TO BE THE LAST ELECTION WE HAVE A CHANCE TO MAKE THIS 1091 00:44:56,000 --> 00:44:57,000 COUNTRY GREAT AGAIN, TO REALLY 1092 00:44:57,000 --> 00:45:00,000 MAKE IT WEALTHY AGAIN, MAKE IT 1093 00:45:00,000 --> 00:45:01,000 STRONG AGAIN, MAKE IT ALL OF THE 1094 00:45:01,000 --> 00:45:03,000 THINGS THAT WE WANT TO SEE. 1095 00:45:03,000 --> 00:45:04,000 BUT I REALLY BELIEVE THIS IS THE 1096 00:45:04,000 --> 00:45:05,000 MOST IMPORTANT ELECTION THAT WE 1097 00:45:05,000 --> 00:45:08,000 HAVE BEEN INVOLVED IN FOR MANY, 1098 00:45:08,000 --> 00:45:10,000 MANY, MANY MANY, MANY YEARS 1099 00:45:10,000 --> 00:45:11,000 MANY DECADES. 1100 00:45:11,000 --> 00:45:14,000 BECAUSE IT'S GOING DOWN. 1101 00:45:14,000 --> 00:45:15,000 THE SUPREME COURT JUSTICES I 1102 00:45:15,000 --> 00:45:17,000 TOLD YOU ABOUT BEFORE, I MEAN, 1103 00:45:17,000 --> 00:45:20,000 IF THEY PUT CERTAIN PEOPLE ONTO 1104 00:45:20,000 --> 00:45:23,000 THE SUPREME COURT OUR COUNTRY 1105 00:45:23,000 --> 00:45:24,000 IS GOING TO BE A WHOLE DIFFERENT 1106 00:45:24,000 --> 00:45:26,000 COUNTRY. 1107 00:45:26,000 --> 00:45:31,000 WE WILL BE A LARGE-SCALE VERSION OF VENEZUELA. 1108 00:45:33,000 --> 00:45:34,000 WE WILL BE A TOTALLY DIFFERENT 1109 00:45:34,000 --> 00:45:36,000 DEAL. 1110 00:45:36,000 --> 00:45:40,000 AND THIS IS THE LAST CHANCE COME IN MY OPINION, OUR COUNTRY HAS 1111 00:45:40,000 --> 00:45:42,000 TO GET BETTER, TO GET WELL. 1112 00:45:42,000 --> 00:45:43,000 AND I JUST THINK THIS ELECTION 1113 00:45:43,000 --> 00:45:44,000 IS SO IMPORTANT. 1114 00:45:44,000 --> 00:45:48,000 NOT BECAUSE,, BUT BECAUSE OF THE 1115 00:45:48,000 --> 00:45:49,000 IDEAS, THE IDEAS THAT WE HAVE, 1116 00:45:49,000 --> 00:45:50,000 THE IDEAS AND WE NEED TO DO WHAT 1117 00:45:50,000 --> 00:45:54,000 WE HAVE TO DO. 1118 00:45:54,000 --> 00:45:59,000 AND THAT'S WHY WE'RE SAYING SUCH 1119 00:45:59,000 --> 00:46:00,000 ENTHUSIASM. WE MAKE A SPEECH, JOHN, AND WE 1120 00:46:00,000 --> 00:46:03,000 HAVE PEOPLE SHOWING UP 25 -- 1121 00:46:03,000 --> 00:46:05,000 25,000 PEOPLE SHOW UP AND 30,000 1122 00:46:05,000 --> 00:46:06,000 PEOPLE SHOW UP AND WE ANNOUNCE 1123 00:46:06,000 --> 00:46:07,000 ONE DAY. 1124 00:46:07,000 --> 00:46:09,000 WE HAD ONE IN PENSACOLA THE 1125 00:46:09,000 --> 00:46:14,000 OTHER. 1126 00:46:15,000 --> 00:46:16,000 WE HAD MASSIVE, TENS OF THOUSANDS OF PEOPLE. 1127 00:46:16,000 --> 00:46:18,000 WE ANNOUNCED A COUPLE DAYS 1128 00:46:18,000 --> 00:46:20,000 BEFORE ON TWITTER. 1129 00:46:20,000 --> 00:46:24,000 WE DON'T EVEN TAKE ADS. PEOPLE WANT TO SEE GREAT THINGS 1130 00:46:24,000 --> 00:46:27,000 HAPPEN TO THIS COUNTRY. 1131 00:46:27,000 --> 00:46:29,000 PEOPLE REALLY LOVE THIS COUNTRY. 1132 00:46:29,000 --> 00:46:30,000 THE PEOPLE OF THIS COUNTRY 1133 00:46:30,000 --> 00:46:32,000 REALLY LOVE THIS COUNTRY. 1134 00:46:32,000 --> 00:46:33,000 EVEN OTHER COUNTRIES WANT TO SEE 1135 00:46:33,000 --> 00:46:35,000 GOOD THINGS HAPPEN BECAUSE IT IS 1136 00:46:35,000 --> 00:46:37,000 SO IMPORTANT. 1137 00:46:37,000 --> 00:46:39,000 I JUST THINK THIS IS GOING TO BE 1138 00:46:39,000 --> 00:46:40,000 THE MOST IMPORTANT ELECTION 1139 00:46:40,000 --> 00:46:44,000 WE'VE HAD FOR MANY MANY 1140 00:46:44,000 --> 00:46:45,000 DECADES. AND I'M NOT SURE WE WILL GET A 1141 00:46:45,000 --> 00:46:46,000 SECOND CHANCE AT IT. 1142 00:46:46,000 --> 00:46:50,000 [APPLAUSE] 1143 00:46:50,000 --> 00:46:54,000 JOHN: DONALD, ON JOBS, WHAT 1144 00:46:54,000 --> 00:46:55,000 INDUSTRIES DO YOU EXPECT TO 1145 00:46:55,000 --> 00:46:57,000 BENEFIT FROM YOUR ECONOMIC PLAN 1146 00:46:57,000 --> 00:46:58,000 TO CREATE HIGH-PAYING JOBS GOING 1147 00:46:58,000 --> 00:47:02,000 FORWARD? MR. TRUMP: I THINK H&R BLOCK 1148 00:47:02,000 --> 00:47:03,000 WILL BE A DISASTER. 1149 00:47:03,000 --> 00:47:07,000 [LAUGHTER] BECAUSE WE ARE SIMPLIFYING -- 1150 00:47:07,000 --> 00:47:11,000 HOW ABOUT PEOPLE -- IT'S SO 1151 00:47:11,000 --> 00:47:14,000 COMPLICATED. 1152 00:47:14,000 --> 00:47:15,000 YOU NEED 180 IQ TO UNDERSTAND IT. 1153 00:47:15,000 --> 00:47:18,000 AND PEOPLE ARE MAKING FRANKLY A 1154 00:47:18,000 --> 00:47:21,000 SMALL AMOUNT OF MONEY. 1155 00:47:21,000 --> 00:47:22,000 THEY HAVE TO GO ON HOW THEIR TAX 1156 00:47:22,000 --> 00:47:23,000 RETURNS DONE BY PEOPLE. 1157 00:47:23,000 --> 00:47:26,000 BY THE WAY, WHEN THEY ARE DONE, YOU WILL HAVE 10 DIFFERENT TAX 1158 00:47:26,000 --> 00:47:27,000 PEOPLE AND 10 DIFFERENT ANSWERS 1159 00:47:27,000 --> 00:47:30,000 TO THE SAME PERSON. 1160 00:47:30,000 --> 00:47:33,000 THE WHOLE THING IS CRAZY. 1161 00:47:33,000 --> 00:47:34,000 SO THAT WILL BE ONE INDUSTRY 1162 00:47:34,000 --> 00:47:35,000 THAT WOULDN'T DO WELL. 1163 00:47:35,000 --> 00:47:36,000 BUT I THINK A MOST ALL INDUSTRY 1164 00:47:36,000 --> 00:47:39,000 -- I CAN TELL YOU AN INDUSTRY 1165 00:47:39,000 --> 00:47:41,000 THAT WILL DO WELL AND AN 1166 00:47:41,000 --> 00:47:45,000 INDUSTRY WE CAN USE AND I KNOW PRICES AREN'T -- ARE LOW NOW, 1167 00:47:45,000 --> 00:47:49,000 THE ENERGY INDUSTRY. 1168 00:47:49,000 --> 00:47:50,000 WE HAVE AMAZING PEOPLE IN THAT 1169 00:47:50,000 --> 00:47:51,000 INDUSTRY AND THEY ARE JUST BEING 1170 00:47:51,000 --> 00:47:54,000 DECIMATED AREA -- DECIMATED. 1171 00:47:54,000 --> 00:47:55,000 THERE BEING ABSOLUTELY 1172 00:47:55,000 --> 00:47:57,000 DECIMATED. 1173 00:47:57,000 --> 00:48:00,000 WE FOUND OUT, BECAUSE OF THE NEW 1174 00:48:00,000 --> 00:48:02,000 TECHNOLOGY WHETHER IT'S 1175 00:48:02,000 --> 00:48:06,000 TRACKING ARE MANY OTHER THINGS 1176 00:48:06,000 --> 00:48:10,000 WE HAVE MORE THAN JUST ABOUT ANYBODY IN THE WORLD. 1177 00:48:10,000 --> 00:48:12,000 OUR LAND HAS TURNED OUT TO BE SO 1178 00:48:12,000 --> 00:48:13,000 VALUABLE BECAUSE OF WHAT'S 1179 00:48:13,000 --> 00:48:15,000 UNDERNEATH. WE HAVE TO BE CAREFUL. 1180 00:48:15,000 --> 00:48:16,000 WE HAVE TO BE ENVIRONMENTALLY 1181 00:48:16,000 --> 00:48:21,000 SOUND. THAT'S VERY IMPORTANT. 1182 00:48:21,000 --> 00:48:22,000 BUT IT'S INCREDIBLE YOU LOOK AT 1183 00:48:22,000 --> 00:48:23,000 WHAT'S HAPPENED IN THE LAST FIVE YEARS. 1184 00:48:23,000 --> 00:48:26,000 WE CAN BE SELF-SUFFICIENT WHICH 1185 00:48:26,000 --> 00:48:27,000 WE HAVE TO BECOME OTHERWISE WE 1186 00:48:27,000 --> 00:48:28,000 WILL BE STUCK IN THE MIDDLE EAST 1187 00:48:28,000 --> 00:48:30,000 FOREVER. WE HAVE TO GET OUT OF THAT 1188 00:48:30,000 --> 00:48:31,000 WORLD. WE HAVE TO KNOCK OUT ISIS. 1189 00:48:31,000 --> 00:48:34,000 I DID NOT WANT TO BE IN THAT WAR 1190 00:48:34,000 --> 00:48:35,000 . BUT I WASN'T A POLITICIAN. 1191 00:48:35,000 --> 00:48:36,000 NOBODY REALLY CARED. 1192 00:48:36,000 --> 00:48:41,000 I DIDN'T WANT TO BE IN THAT WAR. 1193 00:48:44,000 --> 00:48:45,000 EVERYBODY WANTED TO GET OUT SO 1194 00:48:45,000 --> 00:48:46,000 QUICKLY AND NOT LEAVE ANYBODY BEHIND. 1195 00:48:46,000 --> 00:48:49,000 YOU SEE THE ATROCITIES THEY COMMITTED. 1196 00:48:49,000 --> 00:48:50,000 YESTERDAY, IT WAS 22 OR 24 1197 00:48:50,000 --> 00:48:52,000 PEOPLE HUNG FROM RACKS OF A 1198 00:48:52,000 --> 00:48:53,000 SLAUGHTERHOUSE LIKE A 1199 00:48:53,000 --> 00:48:56,000 SLAUGHTERHOUSE. AND THEN THROATS CUT. 1200 00:48:56,000 --> 00:49:01,000 I MEAN, CAN YOU IMAGINE THIS? 1201 00:49:02,000 --> 00:49:03,000 NOBODY HAS EVER HEARD OF THINGS AT THIS BEFORE. 1202 00:49:03,000 --> 00:49:04,000 AND THEN WE TALK ABOUT WATERBOARDING. 1203 00:49:04,000 --> 00:49:08,000 . IT'S AN INCREDIBLE THING. 1204 00:49:08,000 --> 00:49:10,000 WE ARE NOT PLAYING ON THE SAME PLAYING FIELD. 1205 00:49:10,000 --> 00:49:11,000 IF YOU LOOK AT THE ATROCITIES 1206 00:49:11,000 --> 00:49:13,000 COMMITTED JUST YESTERDAY WITH 1207 00:49:13,000 --> 00:49:15,000 THE MEAT HOOKS, WE HAVE NO 1208 00:49:15,000 --> 00:49:18,000 CHOICE BUT TO TOTALLY DECIMATE 1209 00:49:18,000 --> 00:49:19,000 ISIS. 1210 00:49:19,000 --> 00:49:20,000 WE HAVE TO DO IT. 1211 00:49:20,000 --> 00:49:21,000 WE HAVE TO DO IT RAPIDLY. 1212 00:49:21,000 --> 00:49:26,000 [APPLAUSE] 1213 00:49:27,000 --> 00:49:28,000 AND THEN WE HAVE TO GET BACK TO 1214 00:49:28,000 --> 00:49:30,000 REBUILDING OUR COUNTRY. 1215 00:49:30,000 --> 00:49:32,000 WE HAVE TO REBUILD THE INFRASTRUCTURE OF OUR COUNTRY. 1216 00:49:32,000 --> 00:49:33,000 WE HAVE TO REBUILD OUR COUNTRY 1217 00:49:33,000 --> 00:49:34,000 BECAUSE IT IS A MESS. 1218 00:49:34,000 --> 00:49:39,000 JOHN: LAST QUESTION. 1219 00:49:40,000 --> 00:49:42,000 IF YOU WOULD ADVISE THE FAD 1220 00:49:42,000 --> 00:49:44,000 WHAT WOULD YOU ADVISE THEM TO DO 1221 00:49:44,000 --> 00:49:49,000 REGARDING INTEREST-RATE POLICY? MR. TRUMP: AS A REAL ESTATE 1222 00:49:49,000 --> 00:49:50,000 PERSON, I ALWAYS LIKE LOW 1223 00:49:50,000 --> 00:49:51,000 INTEREST-RATE, OF COURSE. 1224 00:49:51,000 --> 00:49:55,000 YOU ARE GOING TO HAVE THEM UNTIL 1225 00:49:55,000 --> 00:49:58,000 JANUARY 1 BECAUSE OBAMA WANTS TO GO -- HE WANTS TO PLAY GOLF AND 1226 00:49:58,000 --> 00:50:00,000 HE WAS TO LEAVE AND HE DOESN'T 1227 00:50:00,000 --> 00:50:01,000 WANT TO HAVE ANY STOCK MARKET 1228 00:50:01,000 --> 00:50:03,000 DISRUPTIONS. 1229 00:50:03,000 --> 00:50:06,000 AND I SAID, I THINK THE FED IS 1230 00:50:06,000 --> 00:50:08,000 BEING TOTALLY CONTROLLED 1231 00:50:08,000 --> 00:50:10,000 POLITICALLY. THEY ARE NOT RAISING RATES. 1232 00:50:10,000 --> 00:50:11,000 AND THEY ARE BEING CONTROLLED 1233 00:50:11,000 --> 00:50:12,000 POLITICALLY. I THINK THEY ARE GOING TO BE LOW 1234 00:50:12,000 --> 00:50:16,000 UNTIL -- I DON'T EVEN KNOW IF 1235 00:50:16,000 --> 00:50:17,000 THEY ARE GOING TO HAVE A RAISE. 1236 00:50:17,000 --> 00:50:18,000 BUT THEY WILL BE LOW UNTIL THE 1237 00:50:18,000 --> 00:50:20,000 END OF THE YEAR. 1238 00:50:20,000 --> 00:50:21,000 I DON'T THINK OBAMA -- HE WANTS 1239 00:50:21,000 --> 00:50:23,000 TO GO OUT -- SHOULDN'T BE 1240 00:50:23,000 --> 00:50:27,000 WORKING THIS WAY. SHOULDN'T BE DISCUSSING IT. 1241 00:50:27,000 --> 00:50:28,000 I THINK IT'S A TERRIBLE THING 1242 00:50:28,000 --> 00:50:31,000 THAT IS HAPPENING BECAUSE WE ARE 1243 00:50:31,000 --> 00:50:33,000 DOING IT FOR POLITICAL -- I 1244 00:50:33,000 --> 00:50:35,000 THINK THE FED IS VERY POLITICAL. 1245 00:50:35,000 --> 00:50:36,000 IT'S BECOME VERY POLITICAL, LIKE 1246 00:50:36,000 --> 00:50:38,000 MANY OTHER GROUPS IN THIS 1247 00:50:38,000 --> 00:50:39,000 COUNTRY. 1248 00:50:39,000 --> 00:50:41,000 BEYOND ANYTHING I EVER THOUGHT POSSIBLE. 1249 00:50:41,000 --> 00:50:42,000 I THINK YOU'RE GOING TO HAVE LOW 1250 00:50:42,000 --> 00:50:46,000 INTEREST RATES UNTIL THE END OF 1251 00:50:46,000 --> 00:50:47,000 THE YEAR, MAYBE NO INCREASE AT ALL. 1252 00:50:47,000 --> 00:50:48,000 AND THE MARKET WILL STAY 1253 00:50:48,000 --> 00:50:51,000 ARTIFICIALLY HIGH AND THEN WE 1254 00:50:51,000 --> 00:50:52,000 WILL HAVE TO SEE WHAT HAPPENS 1255 00:50:52,000 --> 00:50:54,000 AFTER THAT. 1256 00:50:54,000 --> 00:50:55,000 BUT THEY ARE NOT DOING THE RIGHT 1257 00:50:55,000 --> 00:50:57,000 JOB. 1258 00:50:57,000 --> 00:50:59,000 WITH ALL OF THAT BEING SAID, ALL 1259 00:50:59,000 --> 00:51:00,000 MY LIFE, I LIKE LOW INTEREST 1260 00:51:00,000 --> 00:51:01,000 RATES. 1261 00:51:01,000 --> 00:51:03,000 CAN YOU IMAGINE BECAUSE I'M 1262 00:51:03,000 --> 00:51:04,000 DOING THIS, I CAN'T EVEN TAKE 1263 00:51:04,000 --> 00:51:05,000 ADVANTAGE OF IT, BUT THAT'S OK. 1264 00:51:05,000 --> 00:51:10,000 BUT I WILL SAY IS BECOME, IN MY 1265 00:51:10,000 --> 00:51:11,000 OPINION, THE FED HAS BECOME 1266 00:51:11,000 --> 00:51:13,000 EXTREMELY POLITICAL THIRD. 1267 00:51:13,000 --> 00:51:18,000 -- POLITICAL. 1268 00:51:18,000 --> 00:51:20,000 IF THERE IS A POLITICAL DECISION 1269 00:51:20,000 --> 00:51:22,000 OR A RIGHT DECISION, THEY WILL 1270 00:51:22,000 --> 00:51:23,000 GO WITH THE POLITICAL DECISION EVERY TIME. 1271 00:51:23,000 --> 00:51:26,000 JOHN: THAT CONCLUDES OUR FAR 1272 00:51:26,000 --> 00:51:29,000 SIDE CHAT ONCE AGAIN. 1273 00:51:29,000 --> 00:51:30,000 ON BEHALF OF MYSELF AND EVERYONE HERE, -- 1274 00:51:30,000 --> 00:51:33,000 MATT: TH