1 00:00:00,0 --> 00:00:11,609 I COULD ALSO BLAME CLINTON, RIGHT? 2 00:00:11,611 --> 00:00:11,85 IN ALL FAIRNESS, SHE WAS ONLY PRESIDENT FOR NINE MONTHS, IN 3 00:00:11,87 --> 00:00:14,766 ALL FAIRNESS. AND BILL CLINTON GAVE A SPEECH, 4 00:00:14,768 --> 00:00:18,332 AND HE KNEW OSAMA BIN LADEN JUST LIKE I DID, AND HE GAVE A 5 00:00:18,334 --> 00:00:21,92 SPEECH, TALKING ABOUT OSAMA BIN LADEN. 6 00:00:21,94 --> 00:00:26,427 SO WE CAN BLAME EVERYBODY. I WILL SAY THIS. 7 00:00:26,429 --> 00:00:27,370 THE EXPRESSION, THE BUCK STOPS HERE? 8 00:00:27,372 --> 00:00:28,306 YOU'RE PRESIDENT, THE BUCK STOPS HERE. 9 00:00:28,308 --> 00:00:31,890 THAT'S THE WAY IT IS. BUT IT'S ONE OF THE REASONS I 10 00:00:31,892 --> 00:00:36,805 SAY -- AND I MEAN THIS SO STRONGLY -- WE OWE A LOT OF 11 00:00:36,807 --> 00:00:40,575 MONEY -- 19 TRILLION -- I TOLD YOU -- BUT WE HAVE TO BUILD UP 12 00:00:40,577 --> 00:00:45,741 OUR MILITARY SO BIG SO STRONG SO POWERFUL. 13 00:00:45,743 --> 00:00:48,185 GOT TO DO IT. WE'VE GOT TO DO IT. 14 00:00:48,187 --> 00:00:53,449 [CHEERING] WE GOT TO DO IT. 15 00:00:53,451 --> 00:00:56,443 SO POWERFUL THAT NOBODY IS GOING TO MET WITH US. 16 00:00:56,445 --> 00:00:58,433 NOBODY. I DON'T WANT TO USE IT. 17 00:00:58,435 --> 00:01:05,346 I DON'T WANT TO USE IT. NOBODY, NOBODY IS GOING -- WE'RE 18 00:01:05,348 --> 00:01:06,559 WORKING IN AN AIRPLANE RIGHT NOW. 19 00:01:06,561 --> 00:01:08,641 I DON'T KNOW IF YOU HAVE BEEN READING ABOUT IT. 20 00:01:08,643 --> 00:01:11,309 BILLIONS AND BILLIONS OF DOLLARS FOR ONE PLANE. 21 00:01:11,311 --> 00:01:14,9 AND THE TEST PILOT, DID YOU READ THE STORY? 22 00:01:14,11 --> 00:01:17,638 I LOVE THE TEST PILOTS. GREAT GUYS. 23 00:01:17,640 --> 00:01:21,630 SERIOUSLY GOOD FLYERS, AND THEY CAME OUT OF THE PLANE-BILLIONS 24 00:01:21,632 --> 00:01:25,771 OF DOLLARS, AND THE SAY THIS THING DOESN'T HOLD A CANDLE TO 25 00:01:25,773 --> 00:01:28,933 THE OLD ONE. THAT WE USED TO FLY. 26 00:01:28,935 --> 00:01:31,469 IT DOESN'T MANEUVER AS WELL. DOESN'T WORK. 27 00:01:31,471 --> 00:01:32,998 WE'RE TALKING BILLIONS AND BILLIONS. 28 00:01:33,0 --> 00:01:37,824 WHAT ARE WE DOING FOLKSES? WHAT ARE WE DOING SOME WHAT ARE 29 00:01:37,826 --> 00:01:45,622 WE DOING? SO, SO WE NEED A SPECIAL LEADER. 30 00:01:45,624 --> 00:01:53,321 WE NEED A SPECIAL LEADER. [CHEERING] 31 00:01:53,323 --> 00:02:00,565 [CHANTING] 32 00:02:00,567 --> 00:01:57,595 WE NEED A SPECIALIST. SO, LET ME JUST SAY. 33 00:01:57,597 --> 00:02:02,309 SO, THE HEADLINES BLAIRED, I DON'T BELIEVE THOSE POLLS, BY 34 00:02:02,311 --> 00:02:07,119 THE WAY, BECAUSE BOTH OF THOSE POLLSTERS DO NOT LIKE ME. 35 00:02:07,121 --> 00:02:11,447 I'M TELLING YOU. NOW, I'M NOT SAYING ANYTHING 36 00:02:11,449 --> 00:02:15,746 THAT GOES ON ILLICITLY WITH POLLING, OKAY? 37 00:02:15,748 --> 00:02:20,597 I WOULD NEVER, EVER SAY THAT. BUT BOTH OF THOSE POLLING GROUPS 38 00:02:20,599 --> 00:02:25,149 DO NOT LIKE ME AT ALL, AND I DISAGREE. 39 00:02:25,151 --> 00:02:26,231 DON'T BELIEVE IT. WHERE IS JAKE TAPPER? 40 00:02:26,233 --> 00:02:25,932 IS HE HERE? JAKE. 41 00:02:25,934 --> 00:02:28,227 WHERE IS JAKE? WHAT HAPPENED TO JAKE? 42 00:02:28,229 --> 00:02:31,330 A GOOD MAN. JUST INTERVIEWED ME. 43 00:02:31,332 --> 00:02:34,768 9:00, SUNDAY MORNING, JAKE TAPPER ON CNN. 44 00:02:34,770 --> 00:02:37,671 WHAT HAPPENED TO JAKE IN THE IS HERE SOMEPLACE. 45 00:02:37,673 --> 00:02:41,507 HE IS HERE SOMEPLACE. HE IS A GOOD MAN. 46 00:02:41,509 --> 00:02:44,945 MAYBE HE IS SHY. BUT HE IS HERE SOMEPLACE. 47 00:02:44,947 --> 00:02:49,949 IT'S GOOD. IT'S 9:00 ON SUNDAY MORNING-CNN. 48 00:02:49,951 --> 00:02:54,220 I THINK WE'LL DO GREAT IN IOWA. I THINK WE'LL DO REALLY GREAT. 49 00:02:54,222 --> 00:02:57,591 BUT HERE'S THE STORY. I NEVER SEEN SUCH PRESS. 50 00:02:57,593 --> 00:03:01,160 I MEAN, MY WIFE CALLED AND SAID, ARE YOU OKAY, DARLING? 51 00:03:01,162 --> 00:03:03,130 HOW BAD IS IT? HOW BAD IS IT? 52 00:03:03,132 --> 00:03:07,266 THEY MADE IT SOUND LIKE IT'S THE GREATEST DEFEAT IN HISTORY. 53 00:03:07,268 --> 00:03:12,772 AND THE BAD PART IS THAT IF I WON IT, IT WOULDN'T HAVE BEEN 54 00:03:12,774 --> 00:03:15,175 MENTIONED. THEN I SAID TO MYSELF, LOOK, I 55 00:03:15,177 --> 00:03:18,477 HAVE TO -- I'M GOING TO BE NICE. I'M GOING TO BE NICE, BECAUSE I 56 00:03:18,479 --> 00:03:23,550 HAVE TO TALK ABOUT THIS. YOU GOT THE POWER! 57 00:03:23,552 --> 00:03:26,220 THANK YOU. BEN CARSON IS THE ONE THAT IS 58 00:03:26,222 --> 00:03:28,455 LEADING IOWA, SUPPOSEDLY. OKAY? 59 00:03:28,457 --> 00:03:30,990 AND I SAID ISSUE GOT TO TALK ABOUT HIM. 60 00:03:30,992 --> 00:03:35,229 A FRIEND OF MINE WHO HAPPENS TO BE A GREAT, GREAT ATHLETE, HE 61 00:03:35,231 --> 00:03:38,531 HAPPENS TO BE AFRICAN-AMERICAN. HE CALLS HIMSELF BLACK. 62 00:03:38,533 --> 00:03:42,69 HE SAYS, I'M BLACK. I SAID I CAN'T TELL YOU THAT. 63 00:03:42,70 --> 00:03:48,274 IT'S NOT POLITICALLY CORRECT. HE SAID, DONALD, YOU'RE THE 64 00:03:48,276 --> 00:03:50,944 GREATEST TRASH TALKER. HE SAYS TO ME, AND I NEVER 65 00:03:50,945 --> 00:03:53,647 THOUGHT I'D SAY IT BAT WHITE GUY. 66 00:03:53,649 --> 00:03:55,882 CAN YOU BELIEVE THIS? AND I SAID ISSUE DON'T KNOW IF 67 00:03:55,884 --> 00:03:59,986 THAT'S TRUE OR NOT BECAUSE I RENEW -- HE SAYS, WHEN YOU 68 00:03:59,988 --> 00:04:03,489 SAID, LOW ENERGY FOR BUSH YOU DEFINED HIM SO INDECREED BLIMP 69 00:04:03,491 --> 00:04:07,159 IT WAS OVER. HE CAN HAVE $125 MILLION IN THE 70 00:04:07,161 --> 00:04:19,70 BANK, DONALD, AND IT'S OVER. IT WAS JUST DEFYING. 71 00:04:19,72 --> 00:04:22,277 BUT I SAID, BUT BEN CARSON IS SUPER LOW ENERGY, RIGHT? 72 00:04:22,279 --> 00:04:25,849 SUPER LOW. SUPER LOW ENERGY. 73 00:04:25,851 --> 00:04:29,685 WE NEED TREMENDOUS ENERGY. [CHEERING] 74 00:04:29,687 --> 00:04:36,826 WE NEED TREMENDOUS ENERGY. 75 00:04:36,829 --> 00:04:42,598 [CHANTING] U.S.A., U.S.A., U.S.A., 76 00:04:42,601 --> 00:04:47,936 U.S.A., U.S.A., U.S.A., U.S.A., U.S.A. 77 00:04:47,938 --> 00:04:54,545 WE NEED ENERGY. SO, HILLARY CLINTON, THE OTHER 78 00:04:54,547 --> 00:05:02,319 DAY -- [BOOING] 79 00:05:02,321 --> 00:05:11,709 HE SAID I DON'T LIKE DONALD TRUMP'S TONE. 80 00:05:11,711 --> 00:05:12,661 HIS TONE. TONE. 81 00:05:12,663 --> 00:05:14,66 CAN YOU IMAGINE? MY TONE. 82 00:05:14,68 --> 00:05:17,64 MY TONE. THINK OF IT. 83 00:05:17,66 --> 00:05:19,988 SHE DOESN'T LIKE MY TONE. WE HAVE PEOPLE THAT ARE 84 00:05:19,990 --> 00:05:21,85 CHRISTIANS AND THEIR HEAD ARE BEING CHOPPED OFF IN THE MIDDLE 85 00:05:21,87 --> 00:05:21,729 EAST. WE HAVE PEOPLE DYING BY THE 86 00:05:21,731 --> 00:05:24,493 THOUSANDS ALL ORE -- OVER THIS COUNTRY. 87 00:05:24,495 --> 00:05:26,365 WE HAVE PEOPLE THAT ARE BEING DROWNED IN CAGES. 88 00:05:26,367 --> 00:05:27,995 IT HASN'T BEEN LIKE THIS SINCE MEDIEVAL TIMES. 89 00:05:27,997 --> 00:05:29,808 IT'S TRUE. WHO WOULD EVER THINK -- AND 90 00:05:29,810 --> 00:05:33,389 SHE'S TALKING ABOUT MY TONE. THINK OF IT. 91 00:05:33,391 --> 00:05:39,920 THINK OF IT. THINK OF IT. 92 00:05:39,923 --> 00:05:44,538 WE HAVE TO BE POLITICALLY CORRECT, SO THEY CAN CHOP OFF 93 00:05:44,540 --> 00:05:48,550 THE HEADS OF AN AMERICAN CHRISTIAN AND WE CAN'T 94 00:05:48,552 --> 00:05:48,528 WATERBOARD. IT'S NOT FAIR. 95 00:05:48,530 --> 00:05:52,165 IT'S NOT FAIR. THINK OF IT. 96 00:05:52,167 --> 00:05:58,838 THINK OF HOW CRAZY AND HOW LOPSIDED OUR COUNTRY HAS BECOME. 97 00:05:58,841 --> 00:06:02,743 THINK OF WHAT IS GOING ON. THINK OF WHAT IS GOING ON. 98 00:06:02,745 --> 00:06:05,946 THINK OF WHY WE'RE NOT RESPECTED. 99 00:06:05,948 --> 00:06:13,486 THINK ABOUT SERGEANT BERGDAHL, A TRAITOR, TRAITOR, THINK OF IT. 100 00:06:13,489 --> 00:06:22,696 HE IS A DIRTY, ROTTEN TRAITOR. SIX PEOPLE DIED GOING AFTER HIM. 101 00:06:22,698 --> 00:06:28,300 THEY DIED. SIX YOUNG INCREDIBLE, BRAVE, 102 00:06:28,303 --> 00:06:33,39 PEOPLE, DIED. THE DEAL IS, WE GET TRAITOR 103 00:06:33,41 --> 00:06:38,210 BERGDAHL, THEY GET FIVE OF THE BEST PEOPLE THAT THEY HAVE, THAT 104 00:06:38,213 --> 00:06:40,213 THEY'VE BEEN AFTER FOR TEN YEARS. 105 00:06:40,215 --> 00:06:44,217 THEY GET FIVE KILLERS THAT ARE RIGHT NOW LEADING AND BACK ON 106 00:06:44,219 --> 00:06:51,610 THE BATTLEFIELD, TRYING TO KILL EVERYBODY, INCLUDING YOU. 107 00:06:51,612 --> 00:06:53,933 AND WE GET BERGDAHL, A TRAITOR. OKAY? 108 00:06:53,935 --> 00:07:00,349 WE GET BERGDAHL. AND THEN TWO DAYS AGO IT CAME 109 00:07:00,351 --> 00:07:03,636 OUT THAT BERGDAHL -- THEY DON'T WANT TO PUT HIM IN JAIL. 110 00:07:03,639 --> 00:07:06,506 IN THE OLD DAYS, BOOM, FIRING SQUAD. 111 00:07:06,508 --> 00:07:17,807 IT'S TRUE. [CHEERING] 112 00:07:17,809 --> 00:07:19,875 I LOVE THE SECOND AMENDMENT. I LOVE THE SECOND AMENDMENT. 113 00:07:19,877 --> 00:07:34,88 [CHEERING] TWO DAYS AGO, IT COMES OUT 114 00:07:34,90 --> 00:07:34,734 THAT SERGEANT BERGDAHL WON'T EVEN HAVE TO GO TO JAIL. 115 00:07:34,736 --> 00:07:38,505 THINK OF IT. WHERE HAVE WE GONE? 116 00:07:38,507 --> 00:07:43,709 WHERE HAVE WE GONE? WHAT IS GOING ON WITH OUR 117 00:07:43,712 --> 00:07:45,244 COUNTRY? OKAY? 118 00:07:45,247 --> 00:07:49,950 I'LL TELL YOU ONE THING. IF I WIN, NOT GOING TO BE MY 119 00:07:49,952 --> 00:07:52,319 MOST IMPORTANT JOB. NOT IF. 120 00:07:52,321 --> 00:07:56,523 WE HAVE TO SAY IT. HEY, LOOK. 121 00:07:56,525 --> 00:08:02,229 THEY'RE ALL GOING, NOT IF. WHEN. 122 00:08:02,231 --> 00:08:15,739 ALL RIGHT. ALL RIGHT. 123 00:08:15,742 --> 00:08:20,553 I HAVE A -- THEY'RE GOING CRAZY UP HERE THAT TOE SAY WIN, 124 00:08:20,555 --> 00:08:21,544 WIN, WIN, OKAY, WIN. WIN. 125 00:08:21,546 --> 00:08:23,897 AND I HOPE SO BECAUSE I TELL YOU, WE CAN MAKE OUR COUNTRY SO 126 00:08:23,899 --> 00:08:25,251 GREAT AGAIN. MAKE IT SO GREAT. 127 00:08:25,253 --> 00:08:29,723 BUT I PROMISE YOU, WE WILL BE RE-OPENING THAT BERGDAHL 128 00:08:29,725 --> 00:08:32,258 DISASTER. WE WILL BE RE-OPENING IT. 129 00:08:32,260 --> 00:08:34,994 A LOT OF THINGS ARE GOING TO BE RE-OPENED. 130 00:08:34,997 --> 00:08:39,231 A LOT OF THINGS GOING TO BE RE-OPENED. 131 00:08:39,234 --> 00:08:47,773 A LOT OF THINGS RE-OPENED. SO, I WENT TO MY PEOPLE -- JUST 132 00:08:47,776 --> 00:08:51,411 LIKE DORAL, I GOT IT FOR 170, EVERYBODY THINKS IT'S DONE. 133 00:08:51,413 --> 00:08:55,648 I SAID, LET'S MAKE IT 150. THEY SAY HOW CAN YOU DO THAT? 134 00:08:55,651 --> 00:08:58,18 I DID. BUT THE PLACE, JUST LIKE THAT, 135 00:08:58,20 --> 00:09:01,687 WE HAVE DEALS WITH CHINA, THAT ARE DONE. 136 00:09:01,690 --> 00:09:03,590 SOMEBODY SAID, WELL, THEY'RE SIGNED. 137 00:09:03,592 --> 00:09:07,226 I SAID, THAT OKAY. THEY VIOLATED EVERY DEAL WE EVER 138 00:09:07,229 --> 00:09:09,663 MADE. THEY VIOLATE IT. 139 00:09:09,665 --> 00:09:16,68 THAT MEANED THEY'RE IN DEFAULT. THAT MEANS THEY'RE IN DEFAULT. 140 00:09:16,70 --> 00:09:20,440 OKAY? SO, I SAID TO MY PEOPLE, TWO 141 00:09:20,442 --> 00:09:25,812 WEEKS AGO, GO BACK AND TELL ME WHAT IS OUR TRADE IMBALANCE 142 00:09:25,814 --> 00:09:29,416 WITH -- I PICKED THREE COUNTRIES -- CHINA, JAPAN, AND 143 00:09:29,418 --> 00:09:31,617 MEXICO. I JUST WANT TO FIND OUT. 144 00:09:31,619 --> 00:09:34,320 I'M JUST CURIOUS. I'M JUST CURIOUS. 145 00:09:34,322 --> 00:09:37,757 SO, MC -- I LOVE MEXICO AND I LOVE THE MEXICAN PEOPLE, BUT 146 00:09:37,759 --> 00:09:47,533 THEIR LEADERS ARE TOO SMART FOR OUR LEADERS AYE-YI-YI. 147 00:09:47,536 --> 00:09:49,935 OUR LEADERS ARE TO STUPID. SO IS MEXICO. 148 00:09:49,937 --> 00:09:53,473 WE LOSE 45 BILLION DAZ YEAR. WOULD YOU SAY THAT A LOT? 149 00:09:53,475 --> 00:09:59,12 THAT OKAY BECAUSE THAT PEANUTS TO -- JAPAN -- WE HAVE HAND 150 00:09:59,14 --> 00:10:05,851 IMBALANCE OF $70 BILLION A YEAR. 70 BILLION. 151 00:10:05,854 --> 00:10:07,620 70 BILLION. MOST PEOPLE DON'T EVEN KNOW WHAT 152 00:10:07,622 --> 00:10:08,989 THAT IS. WHAT DOES THAT MEAN? 153 00:10:08,991 --> 00:10:14,893 THE NUMBER IS SO MASSIVE, IT'S NOT EVEN RECOVERABLE. 154 00:10:14,895 --> 00:10:18,731 BUT I CAN RECOVER. BELIEVE ME. 155 00:10:18,734 --> 00:10:24,638 HERE'S THE BEAUTY. I LOVE CHINA, THEY GIVE ME 156 00:10:24,640 --> 00:10:30,697 25 MILLION, DO THEM LIKE HOTCAKES BUT CHINA THIS TEST 157 00:10:30,699 --> 00:10:34,848 WELL-JAPAN IS RIGHT THERE 'SELLS -- JUST DEVALUED THE HELL 158 00:10:34,850 --> 00:10:39,119 OUT OF THEIR CURRENCY. BUT CHINA GAVE THE BIGGEST, 159 00:10:39,121 --> 00:10:43,590 GREATEST DEVALUATION IN THE LAST TWO DECADES, MEANING 20 YEARS. 160 00:10:43,592 --> 00:10:48,528 THE BIGGEST DEVALUATION. SO I SAID, WATCH THE TRADE 161 00:10:48,530 --> 00:10:49,862 IMBALANCE HAVE THE TOLD ME MEXICO FIRST. 162 00:10:49,864 --> 00:10:52,932 I SAID THAT'S A LOT OF MONEY. THEN THEY SAID JAPAN IS -- WELL, 163 00:10:52,934 --> 00:10:55,200 THAT EVEN MORE MONEY. I SAID. 164 00:10:55,203 --> 00:11:03,276 GIVE IT TO ME WITH CHINA. ALMOST $400 BILLION A YEAR WE 165 00:11:03,278 --> 00:11:08,715 LOSE. HOW STUPID ARE WE? 166 00:11:08,717 --> 00:11:13,18 TE WE SHOULD BE ASHAMED OF OFFERS. 167 00:11:13,20 --> 00:11:18,724 -- ASHAMED OF OURSELVES. HOW STOOPED ARE WE. 168 00:11:18,726 --> 00:11:21,26 I DEPOSIT BLAME CHINA. I HAVE FRIENDS FROM CHINA. THEY 169 00:11:21,28 --> 00:11:23,997 USED TO SEE ME AND SAY, WE CAN'T BELIEVE WE GET AWAY WITH THIS. 170 00:11:23,999 --> 00:11:27,234 THIS IS UNBELIEVABLE, YOU'RE PEOPLE ARE INCOMPETENT. 171 00:11:27,236 --> 00:11:29,485 THEN I SAID I'M RUN FORTH PRESIDENT. 172 00:11:29,487 --> 00:11:32,100 THEY SAID, NO, WE WERE ONLY KIDDING. 173 00:11:32,102 --> 00:11:35,670 THEY HAD NO IDEA I'D BE REVEALING THEIR CONVERSATION. 174 00:11:35,672 --> 00:11:39,611 THEY CAN'T EVEN BELIEVE. FIRST OF ALL, WHEN CHINA SENDS 175 00:11:39,614 --> 00:11:43,916 US THEIR GOODS, THERE'S NO TAX, THERE'S NO NOTHING. 176 00:11:43,919 --> 00:11:48,955 WHEN WE SEND CHINA NUMBER ONE THEY WON'T ACCEPT THEM, IF THEY 177 00:11:48,957 --> 00:11:52,591 DO ACCEPT THEM, THEY HAVE MASSIVE TAXES AND TARIFFS. 178 00:11:52,593 --> 00:11:59,632 IT'S A ONE-WAY STREET. A FRIEND OF MINE, GREAT 179 00:11:59,634 --> 00:12:01,133 MANUFACTURERS-CAN'T GET HIS GOODS IN. 180 00:12:01,135 --> 00:12:05,237 HE MANUFACTURES GREAT STUFF. CAN'T GET HIS GOODS IN CHINA. 181 00:12:05,239 --> 00:12:08,7 CALLS ME. I CAN'T DEAL WITH THESE PEOPLE. 182 00:12:08,9 --> 00:12:11,10 THEN FINALLY HE GETS THEM IN THEY CHARGED HIM A TACK THAT WAS 183 00:12:11,12 --> 00:12:15,47 SO HIGH, CAN'T TELL YOU BECAUSE NOBODY WILL BLEW HOW HIGH IT 184 00:12:15,49 --> 00:12:16,682 WAS. -- BELIEVE HOW HIGH IT WAS. 185 00:12:16,684 --> 00:12:21,888 THESE ARE SMART PEOPLE BUT I HAVE PEOPLE THAT ARE SMARTER. 186 00:12:21,890 --> 00:12:25,390 I HAVE PEOPLE -- I MEAN EX-HAVE SOME OF THE GREAT BUSINESS 187 00:12:25,393 --> 00:12:32,279 PEOPLE -- THEY'RE ALL CALLING ME. 188 00:12:32,281 --> 00:12:34,998 THESE GUYS, FRIENDS OF MINE, SOME ENEMIES. 189 00:12:35,0 --> 00:12:37,978 I EVEN HAVE ENEMIES CALLING. I HAVE GUYS THAT ARE SO SMART, 190 00:12:37,980 --> 00:12:42,541 AND SOME I DON'T LIKE, SOME I CAN'T STAND. 191 00:12:42,543 --> 00:12:43,973 SOME ARE HORRIBLE PEOPLE. ACTUALLY I KNOW ONE THAT IS SO 192 00:12:43,975 --> 00:12:49,597 BAD, AS A HUMAN BEING, THE WORST HUMAN BEING I'VE EVER MET BUT AN 193 00:12:49,599 --> 00:12:53,218 UNBELIEVABLE NEGOTIATOR. I SAID, IRVING, COME ON, YOU'RE 194 00:12:53,221 --> 00:12:57,590 GOING WITH US. AND THESE ARE WEALTHY PEOPLE. 195 00:12:57,592 --> 00:12:59,926 REALLY WEALTHY PEOPLE. AND THEY'RE ALL CALLING ME. 196 00:12:59,928 --> 00:13:04,697 THEY ALL WANT TO GET INVOLVED. I HAVE A GREAT GUY, REALLY 197 00:13:04,699 --> 00:13:10,637 GREAT, GREAT BUSINESSMAN, GREAT EVERYTHING. 198 00:13:10,639 --> 00:13:12,205 CARL ICAHN. HE CALLED ME. 199 00:13:12,207 --> 00:13:15,841 I WANT TO GET INVOLVED. HE DOESN'T WANT MONEY. 200 00:13:15,843 --> 00:13:19,376 HE DOESN'T WANT SALARY. ALL THESE PEOPLE REPRESENTING 201 00:13:19,378 --> 00:13:26,97 US, THEY WANT SALARIES. THEY GIVE $2,000 TO SOMEBODY AND 202 00:13:26,99 --> 00:13:40,455 NOW THEY'RE SUPPOSED TO BE PAID FOR THE NEXT EIGHT YEARS BY SOME 203 00:13:40,457 --> 00:13:43,414 STUPID POLITICIAN. OKAY? 204 00:13:43,416 --> 00:13:45,814 NO. NO. 205 00:13:45,816 --> 00:13:47,212 CARL ICAHN WANTS TO REPRESENT THE COUNTRY FOR NOTHING. 206 00:13:47,214 --> 00:13:53,395 NOW, IF I SAY -- HE'S A GREAT GUY, A GREAT -- I DON'T CARE. 207 00:13:53,398 --> 00:13:52,88 HIS A GREET -- BUT I DON'T CARE BECAUSE I HAVE OTHERS THAT 208 00:13:52,90 --> 00:13:54,262 AREN'T GREAT GUYS, BUT THEY'RE GREAT AT WHAT IT DO. 209 00:13:54,264 --> 00:13:57,58 I KNOW THE GREAT ONES, KNOW THE BAD ONES. 210 00:13:57,60 --> 00:14:05,282 I KNOW THE GUIDE THAT ARE OVERRATED. 211 00:14:05,284 --> 00:14:09,465 YOU GOT SOME THAT ARE HIGHLY OVERRATED. 212 00:14:09,467 --> 00:14:11,38 I WON'T USE THEM. I HAVE SOMEBODY THAT NOBODY EVER 213 00:14:11,40 --> 00:14:12,677 HEARD OF THAT ARE BETTER THAN ALL OF THEM. 214 00:14:12,679 --> 00:14:16,459 WE HAVE THE MOST TALENTED PEOPLE THERE ARE. 215 00:14:16,461 --> 00:14:18,59 THIS ISN'T GOING TO BE POLITICAL HACKS. 216 00:14:18,61 --> 00:14:21,185 NOW, IF I TELL CARL, GO WATCH OVER CHINA FOR ME, CARL, JUST 217 00:14:21,187 --> 00:14:23,371 WATCH OVER CHINA, TRUST ME, GOOD THINGS ARE GOING TO HAPPEN FOR 218 00:14:23,373 --> 00:14:25,444 US. BELIEVE ME. 219 00:14:25,446 --> 00:14:28,431 REALLY GOOD THINGS ARE GOING TO HAPPY. 220 00:14:28,433 --> 00:14:34,70 I MEAN, WE HAVE A THING RIGHT NOW GOING ON, CALLED CORPORATE 221 00:14:34,72 --> 00:14:36,391 INVERSION. NOBODY KNOWS WHAT IT IS. 222 00:14:36,393 --> 00:14:45,468 BUT COMPANIES HAVE TRILLIONS OF DOLLARS IN OTHER COUNTRIES. 223 00:14:45,470 --> 00:14:44,387 AND WE CAN'T GET IT BACK INTO THIS COUNTRY. 224 00:14:44,389 --> 00:14:48,445 YOU KNOW THAT, RIGHT? YOU'VE BEEN HEARING ABOUT THIS. 225 00:14:48,447 --> 00:14:49,534 THEY KNOW THE NUMBER IS 2.5 TRILLION. 226 00:14:49,536 --> 00:14:51,304 I SAY IT'S MUCH HIGHER THAN THAT. 227 00:14:51,306 --> 00:14:55,440 NOBODY REALLY KNOWS. SO AT LEAST 2.5 TRILLION IS 228 00:14:55,442 --> 00:14:58,844 OFFSHORE, ALL THESE DIFFERENT COUNTRIES, AND WHAT WE'RE DOING 229 00:14:58,846 --> 00:15:03,849 IS OUR COMPANIES ARE GOING TO -- THEY'VE ALREADY STARTED -- 230 00:15:03,851 --> 00:15:07,586 LEAVING THE UNITED STATES AND MOVING TO THOSE OTHER COUNTRIES 231 00:15:07,588 --> 00:15:11,890 TO GET THEIR MONEY -- WELL, YOU CAN'T BLAME THEM. 232 00:15:11,893 --> 00:15:14,994 TO GET THEIR MONEY AND, AND TO GET LOWER TAXES. 233 00:15:14,996 --> 00:15:21,166 SO I CAME UP WITH A TAX PLAN THAT CUTS TAXES WAY DOWN, WAY 234 00:15:21,169 --> 00:15:26,572 DOWN, FOR CORPORATIONS, FOR THE MIDDLE INCOME PEOPLE, FOR THE 235 00:15:26,574 --> 00:15:32,344 MIDDLE INCOME PEOPLE. OF WHICH WE DON'T HAVE TOO MANY 236 00:15:32,346 --> 00:15:36,481 IN THIS ROOM, I CAN TELL YOU. THEY'RE ALL UPPER MIDDLE INCOME 237 00:15:36,484 --> 00:15:39,318 PEOPLE, AND UPPER PEOPLE. BUT FOR THE MIDDLE INCOME 238 00:15:39,320 --> 00:15:42,888 PEOPLE, BECAUSE THE MIDDLE CLASS OF THIS COUNTRY HAS BEEN TOTALLY 239 00:15:42,890 --> 00:15:45,591 FORGOTTEN ABOUT. BEEN TOTALLY FORGOTTEN ABOUT. 240 00:15:45,593 --> 00:15:47,760 SO WE'RE CUTTING CORPORATE TAXED. 241 00:15:47,762 --> 00:15:49,929 WE'RE CUTTING TAXES FOR THE MIDDLE INCOME. 242 00:15:49,931 --> 00:15:53,900 WE'RE CUTTING A LOT OF THINGS LIKE CARRIED INTEREST. 243 00:15:53,902 --> 00:15:57,236 THESE GUYS -- THE HEDGE FUND GUYS PICK A STOCK. 244 00:15:57,238 --> 00:16:00,440 IF I IT GOES UP THEY'RE GENIUSES. 245 00:16:00,442 --> 00:16:02,241 IF IT GOINGS DOWN, THEY FIND ANOTHER JOB. 246 00:16:02,243 --> 00:16:06,346 A LOT OF IT IS LUCK. WHAT HAPPENS IS THE DEMOCRATS 247 00:16:06,348 --> 00:16:13,18 AND THE REPUBLICANS BOTH AGREE THAT WE SHOULD SPRING -- WHO 248 00:16:13,20 --> 00:16:14,687 CANNOT AGREE. FOR THREE AND A HALF YEARS 249 00:16:14,689 --> 00:16:16,789 THEY'VE AGREED AND STILL CAN'T MAKE A DEAL. 250 00:16:16,791 --> 00:16:32,986 IT'S GRIDLOCK IN WASHINGTON. IT'S LACK OF LEADERSHIP IN 251 00:16:32,988 --> 00:16:33,872 WASHINGTON. AND WE'RE GOING TO STOP IT. 252 00:16:33,874 --> 00:16:39,103 WE'RE GOING TO STOP IT. WE'RE GOING TO STOP IT. 253 00:16:39,105 --> 00:16:40,68 [CHEERING] THE OTHER DAY, -- AND IT'S 254 00:16:40,70 --> 00:16:41,958 GOING TO BE AMAZING. WE'LL HAVE DYNAMIC, REALLY 255 00:16:41,960 --> 00:16:43,598 DYNAMIC COUNTRY. THE OTHER DAY, I WATCHED THE A 256 00:16:43,600 --> 00:16:45,767 GENERAL BEING INTERVIEWED. AND I SAID TO A GROUP BEFORE, 257 00:16:45,769 --> 00:16:54,394 WHY THE HELL IS A GENERAL BEING INTERVIEWED ON TELEVISION? 258 00:16:54,396 --> 00:16:56,747 I DON'T WANT MY GENERALS BEING INTERVIEWED. 259 00:16:56,749 --> 00:17:01,634 I DON'T WANT THEM TELLING WHAT WE'RE DOING, WHERE WE'RE GOING. 260 00:17:01,636 --> 00:17:06,729 CAN YOU IMAGINE GENERAL GEORGE PATTON, WHO USED TO WALK IN A 261 00:17:06,731 --> 00:17:08,112 ROOM WITH BLOOD POURING OUT OF HIS EYES. 262 00:17:08,114 --> 00:17:12,337 DO YOU THINK THIS GUY IS GOING TO BE INTERVIEWED ON CNN? 263 00:17:12,339 --> 00:17:19,888 I DON'T THINK SO. I MEAN, I'M WATCHING THIS 264 00:17:19,890 --> 00:17:21,280 GENERAL BE INTERVIEWED THE FIRST -- I LOVE GREAT GENERALS. 265 00:17:21,282 --> 00:17:23,870 I LOVE GENERAL MACARTHUR. TO THIS DAY, HE HAD THE HIGHEST 266 00:17:23,872 --> 00:17:24,83 MARKS -- I'M A BIG FAN OF ACADEMICS BELIEVE IT NORTH -- 267 00:17:24,85 --> 00:17:26,592 THE HIGHEST MARKS THE THE HOYT OF WEST POINT. 268 00:17:26,593 --> 00:17:30,913 HIGHEST AVERAGE. SMART GUY. 269 00:17:30,915 --> 00:17:35,875 I THINK HIS PROBLEM WAS HE HATED TO LISTEN TO DWIGHT EISENHOWER 270 00:17:35,877 --> 00:17:38,504 BECAUSE DWIGHT WORK IS A GREAT GUY, BUT HE WAS AT THE LOWER 271 00:17:38,506 --> 00:17:41,789 PART OF HIS CLASS, AND MACARTHUR WAS THE SMARTEST GUY 272 00:17:41,791 --> 00:17:43,76 PROBABLY EVER AT WEST POINT, AND HE COULDN'T BELIEVE THAT HE HAD 273 00:17:43,78 --> 00:17:49,7 TO TAKE ORDERS FROM IKE. THERE'S SO MANY INTERESTING 274 00:17:49,9 --> 00:17:51,294 STORIES. COULD YOU IMAGINE, COULD YOU 275 00:17:51,296 --> 00:17:54,420 IMAGINE, GENERAL DOUGLAS MACARTHUR BEING ON TELEVISION, 276 00:17:54,421 --> 00:17:59,57 SAYING THE FOLLOWING. THE QUESTION WAS BY A VERY GOOD 277 00:17:59,59 --> 00:18:03,629 MAN ASKING THE QUESTION. SAID: WHAT DO YOU THINK OF 278 00:18:03,630 --> 00:18:04,807 ISIS? CAN WE WIN? 279 00:18:04,809 --> 00:18:10,416 AND THE GENERAL LOOKED AT HIM AND SAID, OH, IT'S GOING TO BE 280 00:18:10,418 --> 00:18:17,321 VERY TOUGH. IT'S GOING TO BE VERY, VERY 281 00:18:17,323 --> 00:18:21,372 TOUGH. I DON'T KNOW. 282 00:18:21,374 --> 00:18:24,301 IT'S GOING TO TAKE A VERY, VERY LONG TIME. 283 00:18:24,303 --> 00:18:28,467 I LOOKED AT THIS GUY AND I SAID, NUMBER ONE, HE IS A WEAK PERSON. 284 00:18:28,468 --> 00:18:30,250 I'M VERY GOOD. DEALS DEALS. 285 00:18:30,252 --> 00:18:32,915 DEALS ARE PEOPLE. WHEN YOU DO DEALS, IT'S PEOPLE. 286 00:18:32,916 --> 00:18:36,473 NOT DEALS. EVERYBODY ALWAYS SAYS, DEALS, 287 00:18:36,475 --> 00:18:37,348 DEALS ARE PEOPLE. REMEMBER IT. 288 00:18:37,349 --> 00:18:40,519 I TELL KIDS, DEALS ARE NOT DEALS. 289 00:18:40,520 --> 00:18:45,262 DEALS ARE PEOPLE. BUT I LOOKED AT THIS GENERAL, I 290 00:18:45,264 --> 00:18:45,152 SAID, DON'T WANT HIM. I DON'T WANT HIM. 291 00:18:45,154 --> 00:18:49,358 I WILL FIND THE SMARTEST -- AND SMART IS VERY IMPORTANT -- 292 00:18:49,360 --> 00:18:49,375 TOUGH -- WE GOT RID OF A VERY SMART ONE. 293 00:18:49,376 --> 00:18:53,379 I WON'T MENTION NAMES. WE GOT RID ROOF A GUY BECAUSE HE 294 00:18:53,380 --> 00:18:55,348 WAS USING FOUL LANGUAGE TO A MAGAZINE. 295 00:18:55,349 --> 00:19:00,186 HE WAS TOUGH AND MEAN AND NASTY, AND THE TROOPS -- AND WE GOT RID 296 00:19:00,187 --> 00:19:06,625 OF HIM BECAUSE HE WAS TOUGH. I WILL FIND THE GENERAL 297 00:19:06,627 --> 00:19:09,761 MACARTHUR. I WILL FIND THE GENERAL GEORGE 298 00:19:09,763 --> 00:19:10,963 PATTON. WE GOTEL. 299 00:19:10,964 --> 00:19:19,5 WE GOT 'EM. THEY MAY NOT BE POLITICALLY 300 00:19:19,6 --> 00:19:20,973 CORRECT. WHO CARES. 301 00:19:20,974 --> 00:19:26,312 WHO CARES. BUT WE'RE GOING TO FIND 'EM. 302 00:19:26,313 --> 00:19:29,314 AND WE'RE GOING TO CLEAN THINGS UP AND WE'RE GOING TO HAVE A 303 00:19:29,316 --> 00:19:44,615 GREAT COUNTRY AGAIN. WE'LL HAVE A GREAT -- -- AND 304 00:19:44,617 --> 00:19:48,679 RESPECTED. A RESPECTED COUNTRY. 305 00:19:48,681 --> 00:19:51,524 SO, WE HAVE A LOT OF TO DO. WE WILL BUILD A WALL. 306 00:19:51,526 --> 00:20:00,552 [CHEERING] WE WILL BUILD A WALL. 307 00:20:00,554 --> 00:20:06,876 WE HAVE NO CHOICE. AND BY THE WAY, PEOPLE WILL COME 308 00:20:06,878 --> 00:20:12,738 INTO OUR COUNTRY BUT THEY'RE GOING TO COME IN LEGALLY. 309 00:20:12,740 --> 00:20:19,994 LEGALLY. [CHANTING] 310 00:20:19,995 --> 00:20:18,194 U.S.A. U.S.A.. 311 00:20:18,196 --> 00:20:19,698 U.S.A. U.S.A. 312 00:20:19,700 --> 00:20:22,496 U.S.A. U.S.A. 313 00:20:22,498 --> 00:20:22,161 U.S.A. I APPRECIATE WHATEVER THE 314 00:20:22,163 --> 00:20:23,494 HELL YELLED OUT, WE'LL REBUILD THE WALL. 315 00:20:23,496 --> 00:20:25,604 TO BE HONEST IN THIS GROUP I WASN'T SO SURE I SHOULD BE 316 00:20:25,606 --> 00:20:31,543 TALKING ABOUT WALLS. DOES THAT MAKE SENSE? 317 00:20:31,545 --> 00:20:34,412 TOMORROW, TOMORROW IN JACKSONVILLE I CAN TALK ABOUT 318 00:20:34,414 --> 00:20:36,649 WALLS. BUT IN THIS ONE I WAS A LITTLE 319 00:20:36,651 --> 00:20:40,218 HESITANT TO TALK ABOUT IT. THANK YOU. 320 00:20:40,220 --> 00:20:47,859 THANK YOU. [CHEERING] 321 00:20:47,861 --> 00:20:52,431 BY THE WAY -- AND I SAY THIS ALL THE TIME AND PEOPLE BEAR IT 322 00:20:52,432 --> 00:20:55,935 OUT. A RADIO HOST, HISPANIC SHOW, IN 323 00:20:55,937 --> 00:20:59,5 NEW YORK, SAID, YOU KNOW -- HE WAS INTERVIEWED. 324 00:20:59,6 --> 00:21:02,775 HE SAID, YOU KNOW, MY AUDIENCES ALL HISPANIC. 325 00:21:02,776 --> 00:21:05,711 THEY LOVE TRUMP. THEY LOVE TRUMP. 326 00:21:05,713 --> 00:21:10,816 AND LET ME TELL YOU, LET ME TELL YOU WHO WANTS TO STOP ILLEGAL 327 00:21:10,817 --> 00:21:19,681 IMMIGRATION MORE THAN ANYBODY? THE HISPANIC THAT ARE IN OUR 328 00:21:19,682 --> 00:21:21,582 COUNTRY LEGALLY. IT'S TRUE. 329 00:21:21,583 --> 00:21:34,661 IT'S TRUE. SO, JUST TO FINISH UP, OUR 330 00:21:34,663 --> 00:21:37,65 COUNTRY DOESN'T WIN ANYMORE. YOU KNOW THAT. 331 00:21:37,67 --> 00:21:38,165 RIGHT? AM I RIGHT? 332 00:21:38,167 --> 00:21:40,834 WE DON'T WIN. WHEN WAS THE LAST TIME WE HAD 333 00:21:40,836 --> 00:21:43,703 VICTORY. WE LOSE WITH CHINA ON TRADE. 334 00:21:43,705 --> 00:21:45,97 WE LOSE WITH ISIS. WE LOSE WITH IRAQ. 335 00:21:45,99 --> 00:21:48,861 WE DON'T KNOW WHAT WE'RE DOING. IRAN JUST MADE THE SINGLE 336 00:21:48,863 --> 00:21:50,522 GREATEST CONTRACT I HAVE EVER SEEN ANYBODY MAKE. 337 00:21:50,524 --> 00:21:56,594 WE WERE REPRESENTED BY A MAN THAT SHOULD BE ASHAMED OF 338 00:21:56,596 --> 00:22:03,336 HIMSELF. A MAN, SECRETARY KERRY, THAT 339 00:22:03,338 --> 00:22:08,840 SHOULD GET THE HELL OFF A BICYCLE. 340 00:22:08,842 --> 00:22:12,510 A GUY FALLS OFF HIS BICYCLE DURING THE NEGOTIATIONS. 341 00:22:12,512 --> 00:22:17,615 BREAKS HIS LEG. WE WERE REPRESENTED BY 342 00:22:17,617 --> 00:22:21,587 INCOMPETENT PEOPLE. AND IT'S NOT GOING TO HAPPEN 343 00:22:21,588 --> 00:22:24,823 ANYMORE, FOLKS. NOT GOING TO HAPPEN ANYMORE. 344 00:22:24,825 --> 00:22:41,874 AND LET ME TELL YOU SOMETHING. IF AND WHEN I WIN, D I'M 345 00:22:41,875 --> 00:22:51,884 NOT -- -- [CHANTING] 346 00:22:51,885 --> 00:23:02,293 [CHANTING] SO IF AND WHEN I WIN, WE ARE 347 00:23:02,295 --> 00:23:07,900 GOING TO HAVE SO MANY VICTORIES, IT'S GOING TO BE SO NICE. 348 00:23:07,901 --> 00:23:13,772 IT'S GOING TO BE SO NICE. WE'RE GOING TO WIN ON TRADE. 349 00:23:13,774 --> 00:23:16,641 WE'RE GOING TO WIN AT EVERYTHING. 350 00:23:16,643 --> 00:23:19,10 WE'RE GOING TO TERMINATE OBAMA CAD. 351 00:23:19,12 --> 00:23:25,517 WE'RE GOING TO TERMINATE IT. IT'S GOING TO BE REPLACED WITH 352 00:23:25,519 --> 00:23:29,20 SOMETHING MUCH BETTER AND MUCH LESS EXPENSIVE FOR YOU AND FOR 353 00:23:29,22 --> 00:23:33,859 THE COUNTRY. LET ME TELL YOU, OBAMACARE WAS A 354 00:23:33,860 --> 00:23:36,161 DREAM FOR THE INSURANCE COMPANIES. 355 00:23:36,163 --> 00:23:38,531 THEY'VE MADE A FORTUNE WITH OBAMACARE. 356 00:23:38,532 --> 00:23:45,703 THEY'VE MADE A FORTUNE, AND YOUR PREMIUMS ARE UP 40%, 50%, 55%, 357 00:23:45,705 --> 00:23:48,506 YOUR DEDUCTIBLES ARE THROUGH THE ROOF. 358 00:23:48,508 --> 00:23:50,642 YOU'LL NEVER EVEN BE ABLE TO USE IT. 359 00:23:50,644 --> 00:23:54,412 IT IS SO BAD WE'RE GOING TO REPEAL AND IT REPLACE IT WITH 360 00:23:54,414 --> 00:23:59,918 SOMETHING GREAT. GREAT. 361 00:23:59,920 --> 00:24:04,355 [CHEERING] 362 00:24:04,357 --> 00:24:19,204 WE ARE GOING TO BRING BACK THE AMERICAN DREAM. 363 00:24:19,206 --> 00:24:24,609 AND WE -- THIS IS AS SURE AS YOU'RE STANDING HERE TONIGHT AND 364 00:24:24,611 --> 00:24:27,46 LOOK AROUND, FOLKS, BECAUSE THIS IS A MOVEMENT. 365 00:24:27,47 --> 00:24:30,15 THIS IS SOMETHING VERY SPECIAL. AND IT'S HAPPENING ALL OVER THE 366 00:24:30,16 --> 00:24:32,451 COUNTRY. NOT JUST HERE IN MIAMI. 367 00:24:32,453 --> 00:24:36,322 IT'S HAPPENING ALL OVER THE COUNTRY. 368 00:24:36,323 --> 00:24:38,823 YOU'LL SEE IT TOMORROW IN JACKSONVILLE. 369 00:24:38,825 --> 00:24:45,296 I HAPPENS ALL OVER THE COUNTRY. WE ARE GOING TO MAKE AMERICA 370 00:24:45,298 --> 00:24:48,166 GREAT AGAIN. THANK YOU. 371 00:24:48,168 --> 00:24:55,541 THANK YOU VERY MUCH. THANK YOU. 372 00:24:55,542 --> 00:25:01,813 [CHEERING] ¶ WE'RE NOT GONE NO TAKE IT. 373 00:25:01,815 --> 00:25:08,487 ¶ NO, WE AIN'T GONNA TAKE IT. ¶ WE'RE NOT GONNA TAKE IT 374 00:25:08,489 --> 00:25:09,755 ANYMORE ¶ THANK YOU, EVERYBODY. 375 00:25:09,756 --> 00:25:18,796 THANK YOU. ¶ WE'VE GOT THE RIGHT. 376 00:25:18,798 --> 00:25:21,300 ¶ THERE AIN'T NO WAY WE'LL LOSE IT. 377 00:25:21,302 --> 00:25:33,712 ¶ THIS IS OUR LIFE THIS IS OUR ¶ WE'RE'LL FIGHT 378 00:25:33,713 --> 00:25:51,496 ¶ ¶ 379 00:25:51,498 --> 00:25:56,568 YOU CAN WATCH THE ENTIRE REVENT TONIGHT 11:45, EASTERN 380 00:25:56,570 --> 00:26:00,406 TIME OR ANYTIME ON C-SPAN.ORGMENT THE CONK OF THE 381 00:26:00,407 --> 00:26:02,508 ROAD TO THE WHITE HOUSE CONTINUES TOMORROW WITH THE 382 00:26:02,510 --> 00:26:05,343 JEFFERSON JACKSON DINNER. THREE DEMOCRATIC PRESIDENTIAL 383 00:26:05,345 --> 00:26:09,714 CANDIDATES WILL SPEAK AND THAT WILL BE LIVE TOMORROW AT 384 00:26:09,716 --> 00:26:13,552 9:00 P.M. EASTERN. 385 00:26:13,553 --> 00:26:28,166 ALL CAMPAIGN LONG, C-SPAN TAKES YOU ON THE ROAD TO THE 386 00:26:28,168 --> 00:26:31,636 WHITE HOUSE. UNFILTERED ACCESS TO CANDIDATES, 387 00:26:31,638 --> 00:26:35,307 AT TOWN HALL MEETINGS, NEWS CONFERENCES, RALLIES AND 388 00:26:35,308 --> 00:26:37,343 SPEECHES. WE'RE TAKING YOUR COMMENTS ON 389 00:26:37,344 --> 00:26:41,113 TWITTER, FACEBOOK, AND BY PHONE, AND ALWAYS, EVERY CAMPAIGN EVENT 390 00:26:41,114 --> 00:26:47,586 WE COVER IS AVAILABLE ON OUR WEB SITE AT C-SPAN.ORG. 391 00:26:47,588 --> 00:26:52,890 NOW, THE HOUSE ENERGY AND COMMERCE SUBCOMMITTEE ON 392 00:26:52,892 --> 00:26:55,927 COMMERCE MANUFACTURING AND TRADE HEARING, ON EFFORTS TO PROTECT 393 00:26:55,929 --> 00:26:59,964 THE ELDERLY FROM FRAUDULENT AND DECEPTIVE PRACTICES IN THE 394 00:26:59,966 --> 00:27:03,435 MARKETPLACE. THIS IS ABOUT TWO HOURS, AND 15 395 00:27:03,437 --> 00:27:07,38 MINUTES. 396 00:27:07,40 --> 00:27:22,755 NOD CONVERSATION 397 00:27:22,756 --> 00:27:31,829 WILL NOW COME TO ORDER AND THE CHAIR RECOGNIZES HIMSELF FOR 398 00:27:31,831 --> 00:27:35,701 FIVE MINUTES FOR THE PURPOSE OF AN OPENING STATEMENT. 399 00:27:35,703 --> 00:27:38,103 THIS MORNING, FIRST LET ME WELCOME OUR WITNESSES. 400 00:27:38,104 --> 00:27:41,839 THIS MORNING WE WILL RECEIVE AN UPDATE ON THE CONSUMER 401 00:27:41,841 --> 00:27:45,276 PROTECTION EFFORTS IN PLACE TO ADDRESS THE FRAUD RISK FOR 402 00:27:45,278 --> 00:27:50,582 AMERICA'S SENIORS. AS OF JULY 2013, THERE ARE OVER 403 00:27:50,583 --> 00:27:55,20 44 MILLION AMERICANS WHO ARE OLDER THAN 65. 404 00:27:55,21 --> 00:27:58,457 THAT ALMOST 14% OF THE POPULATION. 405 00:27:58,458 --> 00:28:02,828 THE POPULATION, 65 AND HOLDER IN THE UNITED STATES, PROJECTS TO 406 00:28:02,829 --> 00:28:09,234 OUTNUMBER PEOPLE YOUNGER THAN 18 FOR THE FIRST TIME IN 2033. 407 00:28:09,235 --> 00:28:12,905 A MERE 18 YEARS FROM NOW. THE MEDIAN INCOME OF THESE 408 00:28:12,906 --> 00:28:18,177 HOUSEHOLDS IS OVER $35,000 PER YEAR, AND 71% REPORT HAVING A 409 00:28:18,178 --> 00:28:22,313 COMPUTER IN THEIR HOME. THE MEDIAN NETWORTH OF SENIORS 410 00:28:22,315 --> 00:28:27,953 65 AND OVER IS 25 TIMES THAT OF PEOPLE UNDER 35 YEARS OF AGE. 411 00:28:27,954 --> 00:28:31,623 THE EXPANDING POPULATION OF OLDER AMERICANS AND THEIR 412 00:28:31,625 --> 00:28:35,359 RELATIVE WEALTH COMPARED TO OTHER AGE GROUPS INCREASES THE 413 00:28:35,361 --> 00:28:39,498 RISK THAT SOMEONE WILL WANT TO TARGET THEM AS SCAMS. 414 00:28:39,500 --> 00:28:42,901 NEW TECHNOLOGIES ARE EVERYWHERE. EACH WEEK A NEW SMARTPHONE OR 415 00:28:42,902 --> 00:28:46,537 TABLET IS ANNOUNCED. NEW APPS AND NEW CAPABILITIES 416 00:28:46,539 --> 00:28:49,508 KEEP CROPPING UP, KEALING UP WITH NEW TECHNOLOGY CAN BE A 417 00:28:49,510 --> 00:28:52,211 CHALLENGE, PARTICULARLY FOR SENIORS THAT ARE LESS FAMILIAR 418 00:28:52,213 --> 00:28:56,881 WITH TECHNOLOGY, OR ARE RETIRED AND ARE NOT EXPOSED TO NEW 419 00:28:56,883 --> 00:29:01,52 TECHNOLOGY AT THE WORKPLACE. THE RISK OF FRAUD CANNOT BE 420 00:29:01,54 --> 00:29:02,620 UNDERESTIMATED. IN THE NOVEMBER ISSUE OF 421 00:29:02,622 --> 00:29:06,692 CONSUMER REPORTS, EIGHT BRAVE SENIORS CAME FORWARD TO TELL 422 00:29:06,693 --> 00:29:09,26 THEIR STORIES ABOUT BEING DEFRAUDED. 423 00:29:09,28 --> 00:29:12,697 IN SOME CASES OUT OF THOUSANDS OF DOLLARS, SOMETIMES JUST IN A 424 00:29:12,699 --> 00:29:15,968 MATTER OF HOURS. THIS IS ALL BEFORE FAMILY OR LAW 425 00:29:15,969 --> 00:29:19,370 ENFORCEMENT COULD BE NOTIFIED OR INTERVENE. 426 00:29:19,372 --> 00:29:22,340 WHILE FRAUD PERPETRATED BY STRANGERS AGAINST THE ELDERLY IS 427 00:29:22,342 --> 00:29:26,10 NOT THE ONLY TYPE OF ABUSE AGAINST THE ELDERLY, IT DOES 428 00:29:26,12 --> 00:29:28,614 REPRESENT 50% OF THE REPORTED CASES. 429 00:29:28,615 --> 00:29:33,218 THAT IS WHY THE HEARING TODAY IS SO IMPORTANT. 430 00:29:33,219 --> 00:29:37,489 EVEN WHERE THERE IS NO SILVER BULLET, IT IS CRITICALLY 431 00:29:37,490 --> 00:29:41,560 IMPORTANT FOR THE SUBCOMMITTEE TO UNDERSTAND WHAT GOVERNMENT 432 00:29:41,562 --> 00:29:44,796 AGENCIES, WHAT THE MEDIA, WHAT UNIVERSITIES AND WHAT PRIVATE 433 00:29:44,798 --> 00:29:48,500 GROUPS ARE DOING TO EMPOWER SENIORS TO PROTECT THEMSELVES 434 00:29:48,501 --> 00:29:53,871 FROM FRAUD, AND TO HELP THEM RECUPERATE LOSSES IF THEY ARE 435 00:29:53,873 --> 00:29:56,307 TARGETED. AND WE NEED TO FIGURE OUT HOW 436 00:29:56,309 --> 00:30:00,11 OUR ENFORCEMENT AGENCIES CAN DEVOTE MORE RESOURCES TO THE 437 00:30:00,13 --> 00:30:01,746 PROBLEM. THERE ARE FEW MORE IMPORTANT 438 00:30:01,748 --> 00:30:06,285 ISSUES WHEN IT COMES TO FRAUD AND CONSUMER PROTECTION. 439 00:30:06,286 --> 00:30:10,322 THE CHAIR NOW RECOGNIZES SUBCOMMITTEE RANK MEMBER FOR 440 00:30:10,323 --> 00:30:12,758 FIVE MINUTES FOR AN OPENING STATEMENT, PLEASE. 441 00:30:12,760 --> 00:30:15,860 THANK YOU, MR. CHAIRMAN. FOR HOLDING THIS HEARING ON 442 00:30:15,862 --> 00:30:17,362 PREVENTING FRAUD AGAINST SENIORS. 443 00:30:17,364 --> 00:30:20,531 I REALLY APPRECIATE THE FOCUS ON THIS TOPIC. 444 00:30:20,533 --> 00:30:23,568 I LOOK FORWARD TO HEARING FROM OUR WITNESSES. 445 00:30:23,570 --> 00:30:30,241 I WANT TO PARTICULARLY THANK A FELLOW CHICAGOAN, ROBERT HARRIS, 446 00:30:30,243 --> 00:30:34,412 FOR BEING HERE. MR. HARRIS IS THE COOK COUNTY 447 00:30:34,414 --> 00:30:36,915 PUBLIC GUARDIAN AND IS LEADING THE FIGHT TO PROTECT THE ELDERLY 448 00:30:36,916 --> 00:30:40,418 AGAINST FRAUD AND DECEPTION IN MY HOME TOWN. 449 00:30:40,420 --> 00:30:45,656 AS A LONG-TIME CONSUMER ADVOCATE AND NOW THE CO-CHAIR OF THE 450 00:30:45,658 --> 00:30:49,61 CONGRESSIONAL TASK FORCE ON SENIORS FOR THE DEMOCRATIC 451 00:30:49,62 --> 00:30:52,864 CAUCUS, I'M COMMITTED TO ENSURING THAT SENIORS BENEFIT 452 00:30:52,866 --> 00:30:54,932 FROM STRONG CONSUMER PROTECTIONS. 453 00:30:54,934 --> 00:30:59,4 MORE NOW THAN EVER THIS SUBCOMMITTEE OUGHT TO BE HELPING 454 00:30:59,5 --> 00:31:02,6 AND WE ARE BEGINNING THAT PROCESS TODAY TO ENSURE THAT 455 00:31:02,8 --> 00:31:05,510 ELDERLY AMERICANS ARE PROTECTED AGAINST FRAUDSTERS. 456 00:31:05,511 --> 00:31:09,413 SENIORS REPRESENT THE FASTEST GROWING SEGMENT OF OUR 457 00:31:09,415 --> 00:31:12,718 POPULATION SINCE 2000. THE NUMBER OF SENIORS HAS GROWN 458 00:31:12,719 --> 00:31:15,119 30%. WHILE THE POPULATION OVERALL 459 00:31:15,121 --> 00:31:19,24 JUST INCREASED 10%. MORE THAN ONE IN FOUR SENIORS 460 00:31:19,26 --> 00:31:23,962 WHO LIVES ALONE HAS DIFFICULTY WITH ACTIVITIES OF DAILY LIVING 461 00:31:23,963 --> 00:31:30,369 OR SOME COGNITIVE IMPAIRMENT. ACCORDING TO THE FBI, SERBS -- 462 00:31:30,370 --> 00:31:34,706 SENIORS GENERALLY HAVE A HIGHER NET WORTH, TENDENCIES TO BE 463 00:31:34,708 --> 00:31:36,675 TRUSTING AND LESS LIKELY TO REPORT FRAUD. 464 00:31:36,677 --> 00:31:39,110 ALL OF THIS MAKES THE ELDERLY PRIME TARGETS. 465 00:31:39,112 --> 00:31:45,16 WE HAVE SEEN AN UPTICK IN THE NUMBER OF PRODUCTS AND SERVICES 466 00:31:45,18 --> 00:31:48,854 TARGETED TOWARD THE ELDERLY, INCLUDING ANTIAGING PRODUCTS, 467 00:31:48,855 --> 00:31:53,491 HEALTH, RELATED PRODUCTS, PRIZE PROMOTIONS AND REVERSE 468 00:31:53,493 --> 00:31:55,394 MORTGAGES. I'M INCREDIBLY CONCERNED ABOUT 469 00:31:55,395 --> 00:31:58,562 THE RISKS POSED BY THOSE PRODUCTS AND SERVICES. 470 00:31:58,564 --> 00:32:02,67 NOT NECESSARILY THAT ALL OF THEM ARE FRAUDULENT, BUT THAT WE NEED 471 00:32:02,68 --> 00:32:06,537 TO BE CAREFUL. I WANT TO KNOW WHAT TRENDS OR 472 00:32:06,539 --> 00:32:11,42 WITNESSES ARE SEEING, HEAR THEIR POLICY AND PUBLIC ENGAGEMENT 473 00:32:11,44 --> 00:32:14,713 PRESCRIPTIONS FOR COMBATING FRAUD, AND LEARN HOW WE CAN HELP 474 00:32:14,714 --> 00:32:19,417 YOU IN PROTECTING THE ELDERLY. I'D ALSO LIKE TO SAY THAT IF 475 00:32:19,419 --> 00:32:23,187 THIS CONGRESS IS TRULY COMMITTED TO ROOTING OUT SENIOR FRAUD, WE 476 00:32:23,189 --> 00:32:34,699 SHOULD START BY PROVIDING ADEQUATE FUNDING TO THE CFPB. 477 00:32:34,701 --> 00:32:37,635 -- [INAUDIBLE] -- THE CONSUMER FINANCIAL 478 00:32:37,637 --> 00:32:41,605 PROTECTION BUREAU, THE FEDERAL TRADE COMMISSION, AND OTHER 479 00:32:41,607 --> 00:32:44,375 AGENCIES RESPONSIBLE FOR PROTECTING SENIORS. 480 00:32:44,377 --> 00:32:48,680 STOPPING FRAUD SHOULD NOT COME AT THE COST OF ADEQUATELY 481 00:32:48,682 --> 00:32:52,750 OVERSEEING FINANCIAL SERVICES, INDUSTRIES, APPROPRIATELY 482 00:32:52,752 --> 00:32:58,422 MONITORING CORPORATE DATA SECURITY, AND PRIVACY POLICIES. 483 00:32:58,424 --> 00:33:00,958 YET, UNFORTUNATELY, THE REPUBLICAN BUDGET WOULD 484 00:33:00,960 --> 00:33:04,829 ELIMINATE MANDATORY FUNDING FOR THE CONSUMER FINANCIAL 485 00:33:04,831 --> 00:33:08,633 PROTECTION BUREAU AND CUT FUNDING FOR THE FTC MORE THAN 486 00:33:08,635 --> 00:33:11,68 THREE PERCENT FROM THE PREVIOUS YEAR. 487 00:33:11,70 --> 00:33:15,573 WITH THOSE ENTITIES RESPONSIBLE FOR PROTECTING MORE SENIORS FROM 488 00:33:15,575 --> 00:33:20,78 MORE THREATS EACH YEAR, IT'S HARD TO SEE HOW THOSE PROPOSALS 489 00:33:20,79 --> 00:33:23,714 ARE ANYTHING BUT ANTISENIOR. I HOPE THIS HEARING IS THE 490 00:33:23,716 --> 00:33:27,452 BEGINNING OF A COLLABORATIVE PROCESS THAT WILL YIELD REAL 491 00:33:27,453 --> 00:33:30,855 BENEFITS TO SENIOR CITIZENS. OUR SENIOR POPULATION AND THEIR 492 00:33:30,857 --> 00:33:35,894 FAMILIES DESERVE NO LESS. AGAIN, I THANK THE WITNESSES FOR 493 00:33:35,895 --> 00:33:37,828 APPEARING TODAY. I THANK THE CHAIRMAN FOR THIS 494 00:33:37,830 --> 00:33:43,602 HEARING, AND I LOOK FORWARD TO GAINING FROM YOUR INSIGHTS. 495 00:33:43,604 --> 00:33:46,238 WOULD THE GENTLE LADY YIELD BACK? 496 00:33:46,239 --> 00:33:49,608 I YIELD BANG. THE CHAIR THANKS THE GENTLE 497 00:33:49,609 --> 00:33:50,975 LADY. CHAIR ASKS IF THERE ARE 0 OTHER 498 00:33:50,977 --> 00:33:54,512 MEMBERS ON THE REPUBLICAN SIDE SEEKING TIME FOR AN OPENING 499 00:33:54,514 --> 00:34:08,593 STATEMENT? WE WILL TEMPORARILY CONCLUDE 500 00:34:08,594 --> 00:34:11,530 WITH MEMBER STATEMENTS. OTHER MEMBER MADE YET ARRIVE AT 501 00:34:11,531 --> 00:34:14,499 THE COMMITTEE AND WE'D LIKE TO GIVE THEM TIME BECAUSE WE KNOW 502 00:34:14,500 --> 00:34:17,468 THERE IS ANOTHER SUBCOMMITTEE HEARING GOING ON THIS MORNING 503 00:34:17,470 --> 00:34:19,871 AND PEOPLE ARE TOGGLING IN BETWEEN. 504 00:34:19,873 --> 00:34:23,175 FOR THE MEMBERS WHO ARE HAIR, CHAIR REMEAN MEMBER THAT 505 00:34:23,177 --> 00:34:26,812 PURSUANT TO COMMITTEE RULES ALL MEMBERS' OPENING STATEMENTS ARE 506 00:34:26,813 --> 00:34:37,822 MADE PART OF THE REPORT TO BE RESPECTIVE OF EVERYONE'S TIME. 507 00:34:37,824 --> 00:34:55,674 [INAUDIBLE CONVERSATIONS] THE CHAIR IS PLEASED TO 508 00:34:55,676 --> 00:34:59,343 RECOGNIZE THE RANKING MEMBER FOR THE FULL COMMITTEE FOR THE P.ES 509 00:34:59,345 --> 00:35:02,346 OF OPENING STATEMENT. YOU SHOULDN'T WAIT FOR ME, 510 00:35:02,348 --> 00:35:03,582 MR. CHAIRMAN. SO NOTED. 511 00:35:03,583 --> 00:35:08,252 IT WILL NEVER HAPPEN AGAIN. SERIOUSLY. 512 00:35:08,254 --> 00:35:10,322 I WANT TOO THANK YOU AND THE RANKING MEMBER FOR HOLDING 513 00:35:10,323 --> 00:35:14,291 TODAY'S HEARING ON WAYS TO PROTECT OUR SENIORS FROM FRAUD. 514 00:35:14,293 --> 00:35:17,928 AS WE HAVE SEEN FRAUD TOO OFTEN EACH YEAR IT FAKES CONSUMERS OF 515 00:35:17,930 --> 00:35:23,284 ALL AGES AND AT THE PERPETRATORS REMAIN ADEPT AT AVOIDING THE 516 00:35:23,286 --> 00:35:24,486 CONSEQUENCES THEIR CRIMINAL ACTS. 517 00:35:24,488 --> 00:35:27,572 SENIORS ARE A FAST GROWING SEGMENT OF OUR POPULATION AND 518 00:35:27,573 --> 00:35:31,608 THEIR THREATS TO THEIR FINANCIAL SECURITY CAN MEAN BILLS OF 519 00:35:31,610 --> 00:35:35,780 DOLLARS IN STOLEN ASSETS. TODAY'S SENIORS ARE LIVING 520 00:35:35,781 --> 00:35:39,116 LONGER, AND POSSESS GREATER WEALTH THAN PREVIOUS GENERATION 521 00:35:39,118 --> 00:35:41,302 OFFICE SENDER. OBVIOUSLY ENCOURAGING TRENDS BUT 522 00:35:41,304 --> 00:35:48,810 ALSO REPRESENT OPPORTUNITIES FOR ABUSE TO OCCUR SENIORS ARE INCUT 523 00:35:48,812 --> 00:35:51,295 BET WIDTH ANN AGING PRODUCTS, COMPUTER REPAIR, AND MANY 524 00:35:51,297 --> 00:35:53,564 OTHERS. THEY'RE ALSO TARGETED 525 00:35:53,566 --> 00:35:56,17 DISPROPORTIONATELY FOR CERTAIN SCAMS LIKE THOSE INVOLVING PRIZE 526 00:35:56,19 --> 00:35:58,687 MOW MOTIONS, HEALTH RELATED PRODUCTS AND SERVICES AND 527 00:35:58,688 --> 00:36:04,191 REVERSE MORTGAGES IN ADDITION ACTIVE LIVES MEANS ACTIVE ON THE 528 00:36:04,193 --> 00:36:08,29 SPEAKER NET WHERE A SIGNIFICANT NUMBER OF SCAMS ORIGINATE. 529 00:36:08,31 --> 00:36:14,618 CERTAIN TYPES OF HARASSMENT SOME AS BEING CONSTANTLY BOMBARD WITH 530 00:36:14,620 --> 00:36:18,506 TELEMARKETING SCAMS AND STOP ANSWERING THE PHONE CAN LEAD TO 531 00:36:18,508 --> 00:36:22,760 FEELINGS OF ISOLATION. AND WE HAVE SEEN A RISE OF ABUSE 532 00:36:22,762 --> 00:36:26,513 COMMITTED BY THOSE CLOSE TO SENIORS, INCLUDING FAMILY 533 00:36:26,515 --> 00:36:30,218 MEMBERS, CAREGIVERS OR OTHER TRUSTED ADVISER. 534 00:36:30,219 --> 00:36:34,104 SENIORERS ARE LESS HIS TENANT TO REPORT CRIMES EITHER OUT OF 535 00:36:34,106 --> 00:36:36,941 EMBARRASSMENT OR FEAR OF RETRIBUTION. 536 00:36:36,943 --> 00:36:39,277 OTHER IS MAY BE UNAWARE OF A CRIME COMMITTED AGAINST THEM. 537 00:36:39,279 --> 00:36:42,479 A NUMBER OF FEDERAL AGENCIES STAND READY TO ASSIST STATE AND