April 30, 2025 - Bannon's War Room
53:44
Participants
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| Speaker | Time | Text |
|---|---|---|
| This is the primal scream of a dying regime. | ||
| Pray for our enemies. | ||
|
unidentified
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Because we're going medieval on these people. | |
| I got a free shot at all these networks lying about the people. | ||
| The people have had a belly full of it. | ||
| I know you don't like hearing that. | ||
| I know you've tried to do everything in the world to stop that, but you're not going to stop it. | ||
| It's going to happen. | ||
| And where do people like that go to share the big line? | ||
|
unidentified
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MAGA Media. | |
| I wish in my soul, I wish that any of these people had a conscience. | ||
|
unidentified
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Ask yourself, what is my task and what is my purpose? | |
| If that answer is to save my country, this country will be saved. | ||
|
unidentified
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War Room. | |
| Here's your host, Stephen K. Vance. | ||
| Here's your host, Stephen K. Vance. | ||
| Welcome back. | ||
| Wednesday, 30 April, your rule of 2020. | ||
| Let's go back to the work that President Trump has accomplished, what he has ahead of him, and how it all ties together. | ||
| As you remember, we laid out the theory of the case in President Trump coming back. | ||
| There were three big kind of lines of work or verticals dealing with, as I laid out in 2017, a CPAC. | ||
| One is America First National Security. | ||
| Number two is kind of economic nationalism. | ||
| His policy is there. | ||
| And three is tied to deconstructing the administrative state. | ||
| There's been one additional one kind of added, which was our sovereignty because of the invasion that took place four years of Biden. | ||
| So go back to the stopping of the Third World War, the kinetic part of the Third World War, and laying the foundations for peace, which would then be the foundation for Prosperity, globally. | ||
| The other is the sealing the border, stopping the invasion, and then the mass deportations. | ||
| Then the economic part, which obviously gets control of inflation. | ||
| The way you do that, because our theory of the case here, and it's been pretty good from the beginning, from when Biden first did the Inflation Reduction Act. | ||
| Back in 2021, in the first 90 days, we said that that massive cash infusion was going to cause massive inflation or the Recovery Act. | ||
| I think Larry Summers is the only other economist out there that said, with Peter Navarro, myself, Cortez, E.J. Antony, Russ Vogt, Scott Bessent, others were saying at the time. | ||
| So here we are. | ||
| President Trump is working nonstop. | ||
| There's supposed to be a beginning ceasefire. | ||
| That's back and forth every day. | ||
| But overall, they're in discussions and the ball moves. | ||
| The chains move a little bit every day and President Trump has to, you know, basically throw down. | ||
| That's moving. | ||
| On the deportation side, he's stopped. | ||
| He stopped the invasion. | ||
| In 60 days, he stopped the invasion. | ||
| Lankford's bill. | ||
| Had 2 million more illegal alien invaders coming in before anything even kicked in. | ||
| This is what Trump's done. | ||
| It's historic. | ||
| And now the left don't want to talk about it. | ||
| And of course they're fighting him on everything and they're fighting right now about these illegal alien terrorist criminals and his function as commander-in-chief to stop us later to do the 10 million. | ||
| We'll just get too tired. | ||
| It'll be too hard. | ||
| The courts won't rule with us. | ||
| That's strategically what they're trying to do and that's getting your sovereignty back. | ||
| John Solomon's going to be here because Solomon broke the story on a quote-unquote Maryland man who's really from El Salvador, not a U.S. citizen, and a human trafficker. | ||
| And it was John Solomon's great investigative reporting. | ||
| You don't hear so much. | ||
| It's not the crescendo you heard about that guy even 72 hours ago because they got caught. | ||
| How'd they get caught? | ||
| Good old-fashioned investigative reporting. | ||
| In the third, in the middle one, it's going to be so difficult because this is where you come up against the real vested interest of the country, from Wall Street to the globalist corporations. | ||
| And don't think any of these folks are your friends because they're not. | ||
| Remember they were dropping the hammer in DEI? | ||
| They were trying to run every MAGA person out of every company. | ||
| If you couldn't even identify, you're taking a red ball cap, you work with one of these giant things, you're taking human resources, and you've been perp-walked. | ||
| Off. | ||
| You know you would. | ||
| That's how these people roll. | ||
| Now they're all coming back. | ||
| Oh, we want to get rid of the DEI. | ||
| We want to do that. | ||
| Yeah, because you lost and you got your ass kicked. | ||
| And now we got the stink eye on you. | ||
| Just like these oligarchs. | ||
| See what Bezos did yesterday trying to be cute for President Trump calling him out? | ||
| You see the money? | ||
| I hope you're at Article 3 going over to Jordan. | ||
| Let him know we can't do away with the FTC. | ||
| The FTC's all over Facebook to break it up. | ||
| And it just happens Facebook's one of your largest donors. | ||
| Surprise! | ||
| The thing is so corrupt, it's unbelievable. | ||
| You can't, I mean, embrace it. | ||
| Not behind closed doors, I mean, up in your grill. | ||
| And that's why the fight over this budget, over the taxes, all of it, is going to reach a crescendo. | ||
| And finally, John Thune and Scott Besson. | ||
| You know, Thune said it's going to be sometime this summer. | ||
| Scott Besson said we're targeting trying to get there by July. | ||
| I'm just saying, and I've said this from the beginning, when the guy said, I'm going to have it by April. | ||
| No, you're not. | ||
| Oh, I'm going to have it by Memorial Day. | ||
| No, you're not. | ||
| I don't think all that much. | ||
| Some work's been done, but not the hard, tough negotiations. | ||
| And all those people out there saying, oh, he's just given up. | ||
| They're not going to raise taxes on the wealthy. | ||
| Your math does not work. | ||
| This has to be the most massive tax cut in history. | ||
| For the middle class and the working class. | ||
| How do you get there? | ||
| You extend President Trump's 2017 cuts for the middle class and the working class. | ||
| Step one. | ||
| Step two, you add in no tax on tips, no tax on overtime, and no tax on Social Security. | ||
| That combo platter is the largest tax cut for people in the history of the country. | ||
| Working people. | ||
| Working people. | ||
| The backbone of President Trump's movement. | ||
| Then you have to have significant discretionary cuts, discretionary cuts plus a reorganization of Medicaid, smartly. | ||
| You have to do that, and it has to be the Pentagon. | ||
| And even with that, guess what? | ||
| Voila! | ||
| And I'll even give you 2.5% growth, which is a fantasy number, I think, right now. | ||
| But we'll give you 2.5% growth as kind of the denominator. | ||
| Not the 1.8 or 2.0, which is probably closer, at least right now, before President Trump's plan kicks in. | ||
| You do that, then you've got a gap. | ||
| What's that gap? | ||
| That gap, it's a big gap. | ||
| That gap has got to be closed partially by not... | ||
| We don't want to soak the rich, and we don't want to tax the rich. | ||
| What you do is just don't extend, extend... | ||
| The 2017 tax cuts for the, I would say, at a million dollars, you know, put their rate at 40%, and don't extend the tax cut. | ||
| Voila! | ||
| Solution. | ||
| Also today, the Republicans in the House, one of the greasiest things that's done by the Lords of Easy Money is their compensation package for hedge funds and asset managers, where they take the current income part of that, because they get both a piece of the ups, | ||
| Right? | ||
| Which should be in capital gains. | ||
| And they get fees for managing the money. | ||
| The fees for managing the money, they pay capital gains rates. | ||
| Think about that for a second. | ||
| Do you pay capital gains rates on your taxes? | ||
| No, you don't. | ||
| No, you don't, because you're a grand dune. | ||
| Just write that down. | ||
| Number two principle, I am a grand dune. | ||
| Therefore, I pay marginal tax rates. | ||
| Well, if you were one of the lords of easy money, you wouldn't be doing that. | ||
| You're paying capital gains tax rates. | ||
| It's called carried interest. | ||
| And man, oh man, the Republicans are already folding that. | ||
| We're going to call out everybody that's on that committee that's doing this, so stop rolling over. | ||
| Stop being weak. | ||
| Stop going down to Capitol Grill and with the fat cats and, you know, having the three martini lunches and all that. | ||
| Cut it out. | ||
| Stop it. | ||
| Get back to work. | ||
| Get back to work for the folks that put you there and on your campaign trail, all you're doing is talking, you're fire-breathing. | ||
| All these guys sound like William Jennings Bryan on the campaign trail when they get up here. | ||
| And they're nothing but all they're doing is hanging out with their sugar daddies. | ||
| Do I have Catherine O 'Neill? | ||
| Catherine O 'Neill, you were there for the first hundred in the first term. | ||
| You've now observed as an entrepreneur the first hundred here. | ||
| Compare and contrast, ma 'am. | ||
| Oh, it's a world of difference, Steve. | ||
| I mean, this administration this time around is so much more organized, so much more coordinated, so much more dedicated to Trump's agenda. | ||
| Last time around, as you know, I mean, you were there, too. | ||
| You were the main guy in the White House that was dedicated to Trump's agenda, but you were surrounded by the sharks that weren't. | ||
| So this time around, you have people. | ||
| In the highest positions of authority that are actually interested in implementing what President Trump campaigned on in both 2016 and in 2024. | ||
| So it's just really amazing to see. | ||
| And I'm just so proud of all of my former colleagues and friends that are in there that are just working day in and day out to implement his agenda. | ||
| What's the word you hear from folks? | ||
| I don't give up any confidences, but generally, because, look, it was a little bit like Den Ben Fu in the first 100, but we were taking incoming from even parts of the West Wing and EOB. | ||
| Here, it's a much more united team, I feel, because we've had four years to get ready, to build cadres, to have the Project 2025, Stephen Miller's, you know, America First Law, you know, Brooks Rollins' America First Policy, all the different groups, CRA. | ||
| With vote to organize and build cadres and teams. | ||
| So it's much more unified. | ||
| I mean, the scale of it is 100 times more powerful than the first because you had time to prepare and actually organize. | ||
| And President Trump is just like a man in full. | ||
| He stepped into this thing and he knows who his enemies are. | ||
| What are the folks that you know they're actually in there taking incoming every day? | ||
| Where are their heads? | ||
| Well, it's kind of funny because I was actually just on the phone with a friend of mine who's a top official at the State Department, which is where I served for three years. | ||
| And he's doing a phenomenal job. | ||
| He's working on all the U.N. issues and trying to defund and detangle U.S. dollars from these very corrupt international organizations. | ||
| But we were kind of joking because some of his colleagues now are complaining when things don't go well. | ||
| And he's like, you have no idea what it was like. | ||
| You know, this is this is a walk in the park compared to what it was, you know, in 2016, 2017, 2018. | ||
| It may be 12-7, but not 24-7. | ||
| And I think that he's also happy that he's getting... | ||
| Protection from the top. | ||
| And specifically, Secretary Rubio has been very responsive to the base. | ||
| He's been very lockstep with the MAGA base and doing things accordingly. | ||
| And I've been very impressed with Secretary Rubio and actually surprised at how strong he's been. | ||
| And so my colleague at the State Department is also very happy that Secretary Rubio is giving him the air cover that he needs to do his job. | ||
| I was thinking of you guys were working on religious liberty the first time, and you guys were under siege over there. | ||
| I'm not sure they wanted you in the State Department every day. | ||
| President Trump, they signed one of the executive orders on making sure that you couldn't go after Christians, anti-Christians, all this, you know, religious liberty. | ||
| I think that was one that you guys worked on. | ||
| Yes. | ||
| That you couldn't even run up the chain of command in the State Department. | ||
| I mean, President Trump signed it in the Oval Office the other day. | ||
| That type of executive order. | ||
| These people would have been walked out of the office if they put that executive order up through the State Department in the first term. | ||
| That's the difference you have now. | ||
| Trump has just said, no more games, we're getting real on this, and I want to take real action. | ||
| I don't want these administrative state guys to block us. | ||
| Catherine. | ||
| Yes. | ||
| No, I agree. | ||
| I mean, there were times where my former boss and I, Pam Pryor, who you know very well and who's a MAGA warrior, did faith outreach on the campaign in 2016 and then ended up at the State Department working on religious freedom and other issues. | ||
| But yeah, I mean, we just, we had private meetings in the White House with other colleagues from around the administration strategizing. | ||
| How we could get around all of the rhinos and, you know, insubordinates to pass Trump's agenda. | ||
| I mean, it was that bad. | ||
| I could count on my hands how many people that I could work with and rely on to get these things through. | ||
| So it's just, it was, yeah, it was crazy. | ||
|
unidentified
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But I'm just so happy and so proud. | |
| Hang on a second, we're holding you through break. | ||
|
unidentified
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Yeah. | |
| What Catherine and those, and she was there the whole time, back and forth between the White House and state and other places, but now, here is the difference. | ||
| You have a staff, you have people, you have, you know, surgeon and those guys, I think have now up to over 3,000, 3,500. | ||
| You've got people in these agencies, you've got the Doge guys letting people go, I think 200,000 federal employees gone, just to start. | ||
| Birch Gold, take your phone out. | ||
|
unidentified
|
Text Bannon, B-A-N-N-O-N, at 989898. | |
| Get the ultimate guide for investing in gold and precious metals in the era of Trump. | ||
| And you get access to Philip Patrick, the team. | ||
| Philip's going to be on with us tomorrow to give us an update. | ||
| Gold's at, what, 33-something? | ||
| A hedge against times of turbulence. | ||
|
unidentified
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In turbulence, ye shall get. | |
| Here's your host, Stephen K. Bannon. | ||
| One million dollar triple lock protection. | ||
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| Do it today. | ||
| That's 90% of your net worth, folks. | ||
| Don't be worrying about this. | ||
| Catherine, amazing work in the first term. | ||
| Great work as an entrepreneur. | ||
| Talk to me about your company. | ||
| Thank you. | ||
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| Hit it today, folks. | ||
| Catherine, fight on, baby. | ||
| You're the best. | ||
| My crack production team here at War Room has put together an amazing, amazing, I don't know, reflection on Vietnam. | ||
| Let's hit it. | ||
|
unidentified
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For it seems now more certain than ever that the bloody experience of Vietnam is to end in a stalemate. | |
| But it is increasingly clear to this reporter that the only rational way out then will be to negotiate, not as victors, but as an honorable people who lived up to their pledge to defend democracy and did the best they could. | ||
| Put on sidewall off, play it loud. | ||
| It's a Romeo Foxy run, shall we dance? | ||
| Go! Go! | ||
| Okay. We're going to go down and check it out. | ||
| Outstanding, team. | ||
| Outstanding. Get your case of view for that. | ||
| Outstanding, team. | ||
| You smell that? | ||
| You smell that? | ||
| Hey, son. | ||
| Nothing else in the world smells like that. | ||
| Come on, move, move, move, move. | ||
| I love the smell of napalm in the morning. | ||
| You know, one time we had a hail bomb for 12 hours. | ||
| When it was all over, I walked up. | ||
| We didn't find one of them, not one stinking big body. | ||
| It smelled. | ||
| You know, that gasoline smelled. | ||
| The whole hail. | ||
| Smells like victory. | ||
| Okay. Okay, would you roll in a 270 from the smoke? | ||
| Yeah. Yeah. | ||
| It's approximately 1-0-0 meters away from it. | ||
| and I'll adjust you from here. | ||
| All right, who's one then? | ||
| All right, give me some cover. | ||
| Get him back here. | ||
| Get him back here if you can. | ||
| Can you move him? | ||
| Can you move him? | ||
| Okay, try to bring him back here. | ||
| Remember to stop the bleeding. | ||
| I have asked for this radio and television time tonight for the purpose of announcing that we today have concluded an agreement to end the war and bring peace with honor in Vietnam and in | ||
| Southeast Asia. | ||
| The following statement is being issued at this moment in Washington and Hanoi. | ||
| At 12:30 Paris time today, January 23, 1973. | ||
| The agreement on ending the war and restoring peace in Vietnam was initialed by Dr. Henry Kissinger on behalf of the United States and Special Advisor Lee Docto on behalf of the Democratic Republic of Vietnam. | ||
| The agreement will be formally signed by the parties participating in the Paris Conference on Vietnam on January 27, 1973 at the International Conference Center in Paris. | ||
| The ceasefire will take effect at 2400 Greenwich Mean Time, January 27, 1973. | ||
| The United States and the Democratic Republic of Vietnam express the hope that this agreement will ensure stable peace in Vietnam and contribute to the preservation of lasting peace in the China and Southeast Asia. | ||
| That concludes the formal statement. | ||
| Throughout the years of negotiations, we have insisted on peace with honor. | ||
| In my addresses to the nation from this room of January 25th and May 8th, I set forth the goals that we considered essential for peace with honor. | ||
| God. | ||
| So we had to disarm them Never landed on a ship | ||
| Before, we were Vietnamese Air Force. | ||
| Everybody had a gun. | ||
| Took all the guns away from him. | ||
| And about five minutes later, another one came in and landed. | ||
| And we pushed his airplane over to the side. | ||
| That was the second one. | ||
| I helped push that one over, too. | ||
| And the third plane came in. | ||
| It landed also. | ||
| We did it all. | ||
| Of everything that stands the end No safety or surprise the end I'll never look into your | ||
| eyes again Can you picture what will be So humanless | ||
| and free Desperately in need Of some stranger's hand In a desperate land | ||
| time. I'll see you next | ||
| time. | ||
| Okay, all Vietnam vets, our sons or daughters of vets, the courage, valor of our Vietnam warriors. | ||
| Incredible. | ||
| And talk about people sold out by a corrupt and incompetent and cowardice political class. | ||
| Just talk to somebody that served in Vietnam and what they had to go through. | ||
| Absolutely brutal. | ||
| Almost indescribable. | ||
| John Solomon, your thoughts, sir? | ||
| First, I thought that was just an amazing end of the segment. | ||
| And it reminds us all of the extraordinary people that fought that war, the great courage and honor and nobility they gave to their country, and the lock of honor and nobility this country gave them back in the 1960s and 70s. | ||
| The same elitist mindset that today dumps on all of the common sense thing that we're trying to accomplish in the country now. | ||
| Same mindset back in the 60s and 70s, a far-left anti-American sentiment. | ||
| And the truth of the matter is it never prevails. | ||
| I saw something extraordinary last Wednesday coming back from a trip. | ||
| I was coming back in the Reagan Airport right at dinner time. | ||
| Everyone's busy. | ||
| Everyone's trying to get out of the airport. | ||
| And an honor flight of Vietnam veterans from Alaska came in. | ||
| And the entire airport came to a halt. | ||
| Every American, whether they were important or not, whether they were late for dinner or not, whether they were white, black, young, old, they stopped and they created a corridor. | ||
| And for 17 consecutive minutes, not a single person left the airport. | ||
| And they allowed these extraordinary forces. | ||
| Well, and you know, | ||
| we just talked about the budget, and you see how this resonates with people today. | ||
| Remember, right after this is when the Democrats had these big, you know, Watergate sweeps. | ||
| And they cut off the money, all money, to Southeast Asia, and we had the killing fields. | ||
| Nobody's talked about it. | ||
| 20 or 30 million Asians and Southeast Asians butchered and murdered as bad as anything in Ukraine in World War II or the Holocaust. | ||
| I mean horrible, horrible, horrible, indescribable, the killing fields because they were Asians. | ||
| They didn't count. | ||
| The Democratic Party walked away. | ||
| The darkest stain on American honor is walking away from that. | ||
| And leaving those people to these murderous, murderous communists. | ||
| It was indescribable. | ||
| John Solomon, you've done God's work here in investigation. | ||
| You don't hear a lot of talk about Marilyn Mann, right? | ||
| It's not 24-7, right? | ||
| Why is that, sir? | ||
| Well, because the facts came out and the facts were a darn stubborn thing. | ||
| This guy, Abrego Garcia, has been on the radar of law enforcement since 2018. | ||
| Maryland police in Prince George's County, a very blue county, about as blue as you can get in Maryland, concluded in 18 and then again in 19 when he first interdicted that he was a member of MS-13. | ||
| They had a senior informant that gave the Maryland police his MS-13 rank and his street name. | ||
| Really strong intelligence, very specific. | ||
| Then a year or two later, he stopped again, because in the Biden years, even people who are marked to be deported get free. | ||
| He stopped in a car in Tennessee, and the state trooper believes that what he sees in the car is human trafficking. | ||
| Homeland Security intelligence get... | ||
| Hey, John, I got a break. | ||
| We're going right to the cabinet. | ||
| The president's speaking. | ||
| Hang on for a second. | ||
| Let's cut right to the cabinet. | ||
| And I would not say it if it weren't fact. | ||
| In a few short weeks, we've achieved the most secure border in American history by far. | ||
| 99.9 percent, which is a number that nobody thought was doable. | ||
| Biden thought you had to go back to the legislature to get legislation passed in order to create a secure border. | ||
| You didn't. | ||
| You just had to have the right president and the right people working it. | ||
| Congratulations, by the way, and to Tom. | ||
| For two months in a row, we have set the all-time records for the lowest number of illegal border crossings ever recorded. | ||
| The number of illegal border crossings released into the United States is down 99.999%. | ||
| That is usually 100%. | ||
| So I think it's an amazing tribute. | ||
| And Christy, congratulations. | ||
| And Tom and everybody else. | ||
| It's an amazing job, actually. | ||
| And it was done very quickly. | ||
| We officially designated Trin de Aragua MS-13 and the Mexican drug cartels as foreign terrorist organizations. | ||
| And we're expelling these monsters from our country rapidly and working with the Department of Justice. | ||
| Pam, you're doing fantastic. | ||
| Your people are amazing. | ||
| We're having some judge problems that everybody's reading. | ||
| We're having some judges that don't like it. | ||
| You know, killers, murderers being thrown out of the country, so I don't know what their problem is. | ||
| But we have a little difficulty. | ||
| We won on the basis of a great border and of getting criminals out of our country. | ||
| That was why we won every swing state. | ||
| We won by millions of votes. | ||
| We won everything. | ||
| Every metric, we won by a lot. | ||
| It was a massive victory. | ||
| And we won, I think, largely because of this issue. | ||
| I put this issue as number one issue. | ||
| And they don't want us to do what we're supposed to do, and I don't think that can be. | ||
| And I hope the Supreme Court is going to fully understand what's going on. | ||
| We have to get the criminals out of our country, and that's the basis under which we won the election. | ||
| Core GDP, and this is, you know, you probably saw some numbers today. | ||
| And I have to start off by saying, that's Biden, that's not Trump, because we came in on January. | ||
| These are quarterly numbers. | ||
| And we came in and... | ||
| I was very against everything that Biden was doing in terms of the economy, destroying our country in so many ways. | ||
| Not only at the border. | ||
| The border was more obvious. | ||
| But we took over his mess in so many different ways. | ||
| Core GDP, removing distortions from imports, inventories, and government spending, was up plus 3 percent when you add it. | ||
| We had numbers that, despite what we were handed, we turned them around, and we were getting them really turned around. | ||
| Gross domestic investment was a whopping 22 percent. | ||
| Now, that is a number that people are coming in at numbers. | ||
| For instance, I just walked in, I heard Samsung is now, because of the tariffs, they're going to build massive facilities in the United States. | ||
| If we didn't do the tariffs, they wouldn't be doing that. | ||
| So it takes a little while to get those facilities built, but they're coming in with big, big numbers. | ||
| They're all coming in with big numbers. | ||
| We have more money being spent than any-- at any time in the history of our country. | ||
| We're up to close to $8 trillion, I think I can say. | ||
| And really, it's going to be a lot higher than that. | ||
| Those are just the ones that we know about-- $8 trillion. | ||
| I'm not going to say, but I don't think-- I'm not sure if Biden did a trillion for four years-- $1 trillion. | ||
| But we're at $8 trillion for two months, because let's give us a pass on the first month. | ||
| We were sort of getting a little bit used to things, right? | ||
| But after two months, we have $8 trillion. | ||
| There's never been a number like that. | ||
| And that includes chip companies, car companies, every form of manufacturing, high-tech companies. | ||
| Nobody's ever seen anything like it. | ||
| So $8 trillion. | ||
| I can talk about gross... | ||
| Domestic product, gross domestic investment. | ||
| I can talk about a lot of things, but to me, the biggest number is the kind of numbers that are-- and these people are coming in. | ||
| Our Secretary of Commerce spent the weekend. | ||
| He went down to Arizona to see what was happening with the chip-- the biggest chip company in the world. | ||
| And he said, Howard, you said you've never seen anything like it. | ||
| You want to just describe what you saw? | ||
|
unidentified
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So they're investing 165. | |
| Billion dollars in 1,100 acres in Arizona. | ||
| And they're building the highest-tech chip manufacturing semiconductors and 4,000 employees. | ||
| You know, American trade craft, right? | ||
| Technicians doing every kind of work. | ||
| The classic foundation of America. | ||
| He's building it. | ||
| They had 14,000 people. | ||
| They're expecting 40,000 people to build the rest of their plants and to employ 20,000 people for the rest of time. | ||
| This is all driven. | ||
| You never saw a site like that. | ||
|
unidentified
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And this is all driven by your tariff policies. | |
| No chance this would be happening without you. | ||
| It's going to be about 40 percent of the chip market from that one section. | ||
| And this is the biggest chip maker. | ||
| They have 99 percent of the market. | ||
| They come from Taiwan. | ||
| And unlike the CHIP Act, which was done by Biden, where they hand everybody billions of dollars, the thing they don't need is money. | ||
| They've got plenty of money. | ||
| What they need is an incentive to come in. | ||
| And the tariffs, they're building because of the tariffs, without the tariffs. | ||
| And I'd like to say they're building because of November 5th, the election, and the tariffs. | ||
| But I'm going to be a little more blunt. | ||
| They're building because of the tariffs. | ||
| And November 5th gave them the tariffs. | ||
| So it's amazing. | ||
| When you look. | ||
| And these are not companies that go out and say, "Well, we're going to build. | ||
| We have to go get our financing. | ||
| Let's go." | ||
| Like, we would-- in New York, everybody would look-- you know, you'd get a building site, and then you'd look around for money. | ||
| You'd look around for financing for six months. | ||
| You'd get your financing. | ||
| You'd build your building. | ||
| The market would be good. | ||
| You'd make money. | ||
| The market would be bad. | ||
| It wouldn't be so pretty. | ||
| You'd have to negotiate. | ||
|
unidentified
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Bah, bah, bah. | |
| This is different. | ||
| These people have so much money, they don't know what to do. | ||
| I asked Howard, did they finance it? | ||
| No, they do it through cash. | ||
| And they say that site, and they just started, you know, they just announced it like a month ago, and they've already started. | ||
| He said, I've never seen a site like it so big. | ||
| So, you know, you're talking about a 50, essentially a $50 billion building. | ||
| Now, if you build a warehouse for $50 million, that's a big warehouse, Scott. | ||
| But a $50 billion building, that's a lot. | ||
| They're building the electric, they're building, they've become a utility. | ||
| And I've given him the right to become. | ||
| They're going to build their own electric. | ||
| They're going to build their own electricity, which they need tremendous amounts of electricity. | ||
| They're going to build it themselves. | ||
| Anything they have left over, they'll hook that into the grid. | ||
| But the grid is old, and they're unreliable, and bad things can happen to grids. | ||
| I said, if you want, you can hook into the grid, but that's a little bit risky. | ||
| Or you can build your own electricity and become your own utility. | ||
| And they, I think, in all cases... | ||
| I'm deciding to do that. | ||
| So it's very exciting, and we have a lot of things going. | ||
| We took over on January 20th-- these are quarterly reports-- we took over on January 20th. | ||
| The tariffs haven't kicked in yet. | ||
| I know that-- and I don't want this to happen, but I know that China is doing very poorly right now. | ||
| I just saw some reports coming out, and I don't want that to happen to China. | ||
| I like the President. | ||
| A lot. | ||
| President Xi. | ||
| I don't want it to happen. | ||
| I was actually saddened to hear it, but they are getting absolutely hammered in China. | ||
| And, you know, they're sending boats, the biggest boats in the world, carrying cargo like nobody's ever seen before. | ||
| These are the biggest boats in the world, biggest cargo ships in the world. | ||
| And they're coming and they're turning around in the Pacific Ocean. | ||
| They're doing a big U-turn and going back because they don't want the goods because 145. | ||
| But at a certain point, I hope we're going to make a deal with China. | ||
| We're talking to China. | ||
| But their factories are closing all over China because we're not taking their product. | ||
| We don't want their product unless they're going to be fair with us. | ||
| And that includes intellectual property and other things. | ||
| There are a lot of things far beyond just buy-sell. | ||
| So we'll see what happens. | ||
| But, you know, I was not-- because somebody said, "Well, were you happy?" | ||
| I said, "I am not happy. | ||
| I want China to do well. | ||
| I want every country to do well." | ||
| But they have to treat us fairly also. | ||
| So with that, I think we're going to maybe go around. | ||
| And we have some letters where the secretaries and people around the table are making statements about how they're doing and what's happening. | ||
| And I could start with Pete on the left because he's my least controversial person. | ||
| I don't know how good he is. | ||
| So we'll go around the table and you can hear it. | ||
| And these are cabinet meetings where they're very open and transparent. | ||
| And I can guarantee you Biden didn't do this. | ||
| He didn't do this. | ||
| Go ahead, Pete. | ||
| Well, Mr. President, I think we're controversial because we're over the target. | ||
| And like so many things, Mr. President, you inherited a demoralized military that couldn't recruit. | ||
| It was perceived as weak after what happened in Afghanistan and elsewhere because of Joe Biden. | ||
| And what we have seen since your election and the inauguration has been nothing short of a recruiting renaissance. | ||
| It's true. | ||
| It hasn't been decades since we've seen this kind of recruiting in the Army, the Navy, the Marine Corps, the Air Force. | ||
| The men and women of America want to join the United States military led by President Donald Trump. | ||
| And the police, by the way. | ||
| Absolutely. | ||
| And fire. | ||
| I always mention the fire. | ||
| But the police and fire. | ||
| But the police and fire likewise are... | ||
| I mean, they have waiting lists now, and six months ago was a disaster, right? | ||
| Truly historic. | ||
| We can barely absorb the volume and retention as well. | ||
| Men and women in the military who don't want to get out now that they have a real commander-in-chief. | ||
| We're reinforcing standards. | ||
| We're going to be fit, not fat, in our formations. | ||
| We welcome back all the COVID, the folks that were forced out because of the COVID mandate. | ||
| We've ripped wokeness out of the military, sir. | ||
| DEI, trans, and... | ||
| It's Fort Benning and Fort Bragg, again, at the DOD. | ||
| We're rebuilding the military, sir. | ||
| The Golden Dome is well underway. | ||
| F-47, reassuring allies and deterring enemies. | ||
| We found nearly $6 billion in DOGE savings that we're going to reinvest, including $50 billion from the Biden administration focused on things like climate that have nothing to do with lethality and warfighting. | ||
| And we will have, as you said, sir, the first trillion-dollar budget that we plan to spend wisely on behalf of our warfighters. | ||
| From day one, sir, we've helped get 100% operational control of the border, coming alongside DHS and CBP. | ||
| We've got 11,000 troops on the border who now, because of the new national defense area, sir, can help detain illegals at the border and hand them over to CBP. | ||
| It used to be if you saw camouflage on the border, they could hold binoculars, and that's it. | ||
| Now we can detain and assist, and we are going to get 100% operational control of that border. | ||
| Our NATO allies know they have to step up. | ||
| The Houthis in the Middle East are feeling the weight of American power and we're deterring Communist China. | ||
| So because of your leadership, sir, I believe we're making the military great again. | ||
| Thank you. | ||
|
unidentified
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Thank you very much. | |
| Thank you. | ||
| Howard? | ||
| So I have the pleasure of running the Investment Accelerator, which gets to recruit these companies. | ||
| And you've never seen anything like the companies committed to building in America. | ||
| Technology companies have committed over $2.5 trillion to build in America based on your tariffs, right? | ||
| Sovereign countries all backing the whole Middle East and all these countries backing their sovereign wealth funds. | ||
| They all want to invest in America, and they're coming in again. | ||
| Over $3 trillion committed. | ||
| So just those two topics, you're at $5.5 trillion, and then you've got... | ||
| The whole pharma industry knows it's got to come home because America pays for all the drugs of the world. | ||
| So the pharmaceuticals have to come home, right? | ||
| Autos coming home, industrials coming home. | ||
| So, you know, we've got to train, and your great Secretary of Labor together and Secretary of Education, together we're going to train the workforce to build America. | ||
| It's unbelievable. | ||
| We've got so much, as I travel around, the attention on the Trump gold card. | ||
| I mean, it makes me very popular. | ||
| Last night, I was out to dinner and someone came up and said, "Can I buy 10? | ||
| And how do I buy 10?" | ||
| And I'm like, "That's pretty good. | ||
| It's 50 million dollars for dinner." | ||
| So, you know, I was paying for my dinner. | ||
| The external revenue service, right? | ||
| You've got the tariffs and the hundreds and hundreds of billions of dollars coming in to build the external revenue service. | ||
| Our objective, of course, is to replace the internal revenue service and let those outside countries trading with us, let them pay their fair share to America. | ||
| And then, of course, you got rid of De Minimis. | ||
| And what happened is these foreign countries were sending in little packages for free and knocking out our mom-and-pop businesses across America. | ||
| You put an end to it. | ||
| And you're going to rebuild the mom-and-pop and the small business of America. | ||
| You're their president, and I'm proud to support you. | ||
| The President: It's very important to men. | ||
| It's very-- it's a big deal. | ||
| It's a big scam going on against our country, against really small businesses. | ||
| And we've ended-- we've put an end to it. | ||
|
unidentified
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Mr. President. | |
| So CAFE standards, we have the fuel economy standards on vehicles that are going to go to 50 miles per gallon. | ||
| We are going to rewrite those standards, bring it down to something that's far more reasonable. | ||
| Elon's fine with that, I hope. | ||
| But it's going to drive down the price of a car in America, making cars more affordable for families. | ||
| Biden had the social cost of credit when we build infrastructure, roads, and bridges, adding 3% to 5% on infrastructure costs. | ||
| We've gotten rid of the social cost of carbon, driving down the cost to build roads and bridges across the country. | ||
| We have what is called follow the law. | ||
| So we have so many states and municipalities that don't follow the law. | ||
| So whether it's DEI, discriminating against Americans, whether they... | ||
| Give illegal drivers license or their sanctuary cities or states. | ||
| If you don't follow the law, if you're giving license to illegals, if you're having DEI policies, we're not going to fund your projects. | ||
| So you've got to certify in your state or in your city to get road and bridge money or rail money that you're actually following the law, which includes the executive orders from you, Mr. President. | ||
| We're cutting back funding. | ||
| We send research money, Mr. President, to universities. | ||
| To do research on more equitable and sustainable transportation systems. | ||
| Projects that'll use data and public opinion to inform policy and infrastructure and technology benefiting diverse communities including women and gender non-conforming people. | ||
| Just stupid waste of money. | ||
| We're pulling that money back from universities. | ||
| We should do good research if we're doing research in universities. | ||
| And then one last thing. | ||
| Air traffic control. | ||
| We don't have enough air traffic controllers. | ||
| We're about 3,000 short. | ||
| We're working on an agreement with the union. | ||
| So when controllers become retirement eligible, we're going to cut a deal to try to get them to stay longer, stay in the tower. | ||
| And then we have a plan to put more butts in seats in Oklahoma City so we can get more students through the academy and into towers as well. | ||
| It's going to take us a while to do that, to train them up, but we're in the process before our four years are done, well before that. | ||
| We have full capacity. | ||
| John, do you want to tell them about-- I think we have to bring it up. | ||
| We have very obsolete equipment for air traffic controllers. | ||
| The equipment-- the towers have horrible equipment. | ||
| It's been renovated for years. | ||
| The money they spent over the last four years. | ||
| This booted edge did a horrible job. | ||
| They wasted billions and billions of dollars hooking up. | ||
| Wire equipment to non-wire equipment to satellite equipment. | ||
| And a third-grade student would know, does it work? | ||
| You can't work. | ||
| They wasted tens of billions of dollars. | ||
| But we want to put a brand-new air traffic control system in. | ||
| And you might want to describe that, please. | ||
|
unidentified
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The President: You and I have talked about this. | |
| It's a state-of-the-art system, envy of the world. | ||
| And it's-- I mean, listen, I don't-- our system is safe. | ||
| But you would have hoped someone would have seen that there's a problem with-- With fixed-wing aircraft and helicopters coming in at DCA. | ||
| Someone should have seen that before we lost almost 70 lives. | ||
| It's our job to look and see that we have an aging infrastructure around air traffic control. | ||
| And so if we don't build a brand new system, there's going to be failures and people will lose their lives. | ||
| And so we need the help of Congress to help fund this. | ||
| It's going to be all brand new. | ||
| And after you build a brand new system, we have the bedrock and the foundation to actually build on top of it. | ||
| But no one has done this, Mr. President. | ||
| There's Band-Aid fixes that have happened over the course of 20 years. | ||
| You can't have a Band-Aid fix. | ||
| It doesn't get done. | ||
| It has to be brand new. | ||
| The technology, it looks like it's out of a 1980s movie. | ||
| Old computers, floppy disks. | ||
| We're using copper wires, not fiber. | ||
| So there are great solutions we have available that-- and by the way, everyone's sick of their delayed flights or their canceled flights. | ||
| We have more capacity in the airspace. | ||
| And if we rebuild-- not rebuild-- if we build this brand-new system, what you'll have is more efficiency in the airspace, and it will be safer. | ||
| So the economy will be stronger. | ||
| We can have more flights and less delays. | ||
| So I appreciate your support on that, Mr. President. | ||
| The President: Rebuilding, that is very important. | ||
| You wouldn't have had the helicopter crashing into the plane. | ||
| At 400 feet up, when it's supposed to be 200 feet. | ||
| That would have-- bells and whistles would have been gone over, and you would have heard the screaming equipment saying, "There's a problem coming up in 15 seconds. | ||
| You got to do something about it right now." | ||
| And it would have also sent the word right into the helicopter, because I guess you'll be doing the full report on that. | ||
| But it was pretty obvious what happened. | ||
| And they were supposed to be at 200 feet. | ||
| They were at 400 feet, and a terrible thing. | ||
| And that wouldn't have happened if we had the right equipment. | ||
| If we had the right equipment, you would have heard bells and whistles going off, and it would have alerted them long before that would have happened, two minutes before. | ||
| It would have had a lot of time. | ||
| So we have to do this. | ||
| We have no choice, and we're going to do it, and we're going to be very proud of it. | ||
| They did old equipment in new equipment. | ||
| And you can't hook in old equipment to new equipment because it's different. | ||
| Some is satellite and some is ground. | ||
| The satellite doesn't work. | ||
| This man would know that better than anybody. | ||
| But you can't hook up a satellite system to a ground-wired system. | ||
| And if you do, you're wasting a lot of money. | ||
| They spent billions — this is Buttigieg — they spent billions and billions of dollars trying to patch a system together. | ||
| They had hundreds of different contractors. | ||
| And the contractors are all fighting with each other. | ||
| We're going to have one great big contractor, like the great big beautiful Bill, which is going along very well. | ||
| I guess I like great big beautiful, but we're going to have one great big beautiful contractor, whether it's maybe Raytheon, maybe IBM, maybe it could be any one of four or five different groups. | ||
| But you put one in charge. | ||
| They're very big, very powerful monetarily. | ||
| And they give you a guarantee and they hook up everything. | ||
| They do every single thing. | ||
| So they're responsible for the digging of the ditches and the fiber and every single element. | ||
| And it's one system that's hooked in. | ||
| It's not all these hodgepodge systems that don't work together. | ||
| And it's just a shame. | ||
| I mean, it's basic construction. | ||
| But it's complex stuff. | ||
| And there are a few companies that do it unbelievably well. | ||
| And we're going to have that. | ||
| Good job, Sean. | ||
| I know that's your big project. | ||
|
unidentified
|
The President: Mr. President, no one has done it because it is complex. | |
| It's hard to do because as you're building a brand-new system, you have planes taking off and landing. | ||
| And so, because it's complex, no one has done it. | ||
| And you've given the directive and the support to make this happen. | ||
| So, thank you. | ||
| The President: Well, ours is going to be an all-new system. | ||
| It's going to all hook up. | ||
| It's going to be the same-- the same tower is going to have the same equipment. | ||
| And all towers all over the country-- all over the world, actually, mostly-- are going to be hooked in together. | ||
| And when there's a problem, when planes are too close, you will hear a sound that's very ear-shattering. | ||
| And I've heard it. | ||
| And it's amazing. | ||
| I mean, honestly, it's amazing. | ||
| It's real genius stuff. | ||
| And we didn't do that. | ||
| What we did was just waste money. | ||
| You could have just thrown it right out the window. | ||
| What they did in this last four years was disgraceful. | ||
| Whether it was the border or this, you can name a hundred different things. | ||
| The worst administration ever. | ||
| Okay. | ||
|
unidentified
|
Thank you, Mr. President. | |
| Secretary, thank you. | ||
|
unidentified
|
Mr. President, thank you. | |
| And I think one of the things that I want people to understand about the VA is we're part of the national security interests you have, and you've laid the groundwork for that leadership in making sure that with the Secretary of Defense and myself, we take care of veterans on two ends: one when they come in and one when they serve and they've earned the benefits that we have. | ||
| And one of the things is if we're not doing our job on our end, then the recruitment and all goes down on the other end because we have a full spectrum. | ||
| That's what leadership is about. | ||
| What we found, speaking in the last four years, is we found an administration that wanted to throw money and people at problems, but they didn't want to put leadership in. | ||
| They just put money and people at it, and we saw wait times stay the same. | ||
| We saw issues of suicide, race, death by suicide not change. | ||
| We saw homelessness issue barely go down. | ||
| We saw disability claims skyrocket when you took place over 250,000. | ||
| We're already bringing down almost 40,000 so far just in the last couple of months. | ||
| We've also put back what you and I was in Congress when this happened and I was glad to see it. | ||
| The Mission Act is back front and center at the VA. | ||
| We're actually doing community care. | ||
| We're actually giving the veteran the choice that they've earned and they deserve whether they can get their VA care inside our facilities or in the community. | ||
| It's their choice. | ||
| It's VA care. | ||
| We're going to give them the highest quality care wherever they want to go. | ||
| Also, we're expanding out options for treatments and others for those that are new. | ||
| We're experimenting and looking at new counseling ideas on new drug techniques that we can help with PTSD, TBI, the things that are affecting our veterans right now. | ||
| But also we've taken the leadership to take people and bring them back into work where they're actually communicating. | ||
| They're back in our offices. | ||
| We put thousands of people back in. | ||
| We're processing more claims daily than we were in the last little bit. | ||
| Hit a million before has ever happened and we're actually bringing it down. |
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