Spencer Cox reflects on his upbringing in a faith-based community valuing shared American identity over partisan labels, while Donald Trump introduces an AI executive order, calling it "supreme intelligence," and argues U.S. regulatory fragmentation—unlike China’s centralized system—threatens trillions in economic growth, including construction and energy sectors. He ties past tariffs to a 56% auto industry revival and stock market records amid $38T debt, then pivots to Venezuela, claiming 11,888 murderers entered the U.S. from its prisons while his policies cut drug trafficking by 92%. On Ukraine, Trump insists Europe’s defense spending surged from 2% to 5% under his influence, with funds flowing back to U.S. suppliers, and warns of a potential "third world war" if conflicts escalate. He hints at a 59-country Middle East peace deal but acknowledges Iran’s missed chance post-2018 strikes, now downgraded but rebuilding missiles—a threat he claims the U.S. could neutralize swiftly. Trump blames Democratic obstruction for healthcare delays and cultural policy stalls, framing his legacy as one of economic and geopolitical dominance through decisive action. [Automatically generated summary]
We have a big signing right now, and we have a tremendous industry where we're leading by a lot.
It's the AI, artificial intelligence.
I always thought it should be SI, supreme intelligence, but I guess somewhere along the line they decided on the word artificial, and that's okay with me.
That's up to them.
It's a massive industry.
We're leading China.
We're leading everybody by a tremendous amount.
The electricity is being built by them in every plant.
They're building the electricity.
We're getting them rapid approvals.
But they're spending trillions of dollars.
And they can't, basically, this has a couple of other things that are less important.
But one of the things that it has is you have to have a central source of approval.
When they need approvals on things, they have to come to one source.
They can't go to California, New York, and various other places like Illinois with Pritzker, who's a totally unreasonable person.
And they have to have, you know, they're putting all this money in.
It's a big part of the economy.
And there's only going to be, I think, one winner here.
I don't know if anybody agrees with that.
I think most people agree.
But there's only going to be one winner here.
And that's probably going to be the U.S. or China.
And right now we're winning by a lot.
China has a central source of approval.
I don't think they have any approval.
They should go and build.
But people want to be in the United States and they want to do it here.
And we have the big investment coming.
But if they had to get 50 different approvals from 50 different states, you could forget it because it's not possible to do.
Especially if you have some hostile.
All you need is one hostile actor and you wouldn't be able to do it.
So it doesn't make sense.
I didn't have to be briefed on this, by the way.
This is real easy business.
I mean, this is simple.
We're taking in trillions of dollars.
We're taking in tremendous amounts of countries, jobs, everything's coming in.
Now, just to get off AI for a second, auto plants are being built at levels that we've just about never seen before.
We had our auto industry was decimated.
56% of our auto industry left our country over the years.
It was at 1.100%, and then it got shriveled down, and really we lost a lot.
And now, because of tariffs, which have been so incredible, we've taken in hundreds of billions of dollars, and we're bringing back our factories.
We're bringing back everything.
We've never been in a position like this.
Our stock market today was, well, I saw it a few hours ago, but a few hours ago it was way up, and we hit a new high.
For the 52nd time in 10 months, we have an all-time high stock market.
And it's all reasons.
The big reason was the election November 5th and another big reason, and maybe the biggest reason, but maybe not, because without the election this wouldn't have been done because people don't know how to do it.
The second reason is the tariffs, which are Jing, countries that were really hurting us badly were really decimating us.
Hence, we have 38 trillion in debt, which will start paying off pretty soon with the tariff money coming in.
But countries that were really decimating us use tariffs against us.
Now we're using tariffs.
All we want is fair.
All we want is national security.
It's given us great national security.
I've settled eight wars and numerous of them was because of trade and because of tariffs.
So we're very happy with that.
But this is about something a little bit different.
We want to have one central source of approval.
And we have, I think, great Republican support.
I think we probably have Democrat support too because it's common sense.
I mean, you can't go to, every time you make a change, and it could be a very reasonable change, you still won't get it approved if you have to go to 50 states.
So this centralizes it, and it's something which the people behind me, the very distinguished people, all, but Tim Cook just left of Apple and spoke to all of the big companies, great companies, and they won't be able to do this.
This will not be successful unless they have one source of approval or disapproval, frankly.
You could have disapproval too, but it's got to be one source.
Mr. President, as you said, in keeping with your commitment to grow the American economy, create potentially millions of new American jobs, and maintain America's technological and military superiority in the years ahead, this is an executive order that orders aspects of your administration to take decisive action to ensure that AI can operate within a single national framework in this country, as opposed to being subject to state-level regulation that could potentially cripple the industry.
David Sachs, your AI and crypto czar, has been one of the key players and key authors behind the CEO.
He can give you more of the granular detail.
But the big picture is that we're taking steps to ensure that AI operates under a single national standard so that we can reap the benefits that will come from it in terms of economic growth, job development, national security, and technological advance.
We're going to work with Congress, like the chairman here of the Commerce Committee, Senator Cruz, and other members of Congress to define that framework.
In the meantime, the CEO gives your administration tools to push back on the most onerous and excessive state regulations.
And most importantly, President Trump had the incredible idea to allow the companies to create their own power.
And we are going to see soon that communities near AI facilities will have the same or lower electric cost than other communities, which is a great innovation.
On this subject, President Trump, are you more worried about the U.S. winning the race for AI dominance with China or about AI's potential threat to humanity?
We have a lot of threats in the opposite way if we don't do it.
You look at the medical and medical research.
Already the things that have come out of AI in terms of medical and cancer research and things were way ahead of what we ever thought would be just from the infancy of AI.
So really both, and we want to be very careful with it.
We also know that a big part of our economy, it could be 50, 60 percent of our economy going forward for a period of time at least, especially during this startup, is AI and AI based.
We have trillions of dollars of construction going on, and that construction would stop or it would certainly be, a lot of it would be halted.
So look, we're leading China.
We're leading China by a lot.
China knows that.
And not doing this would be the greatest gift to China and other countries, but China in particular, that China has ever received.
Well, it's about a lot of things, but one of the things it's about is the fact that they've allowed millions of people to come into our country from their prisons, from gangs, from drug dealers, and from mental institutions, probably proportionately more than anybody else.
They came in from many countries.
We're getting them out.
We had 11,888 murderers come into our country.
Many of them are from Venezuela.
We had thousands of Trende Aragua, the gang, come in from, which they say is the most violent gang.
I don't know.
MS-13 is pretty bad, but Trende Aragua, they say, is the most violent gang.
It comes out of the prisons of Venezuela.
It came out of the prisons of Venezuela.
So it has to do with a lot of things.
They've treated us badly, and I guess now we're not treating them so good.
If you look at the drug traffic, drug traffic by sea is down 92%, and nobody can figure out who the 8% is because I have no idea.
Anybody getting involved in that right now is not doing well.
And we'll start that on land, too.
It's going to be starting on land pretty soon.
Thank you, Peter.
unidentified
Mr. Mr. President, in Indiana, just a few moments ago, the Senate there rejected the congressional maps to redistrict in that state.
A number of Republicans voted against that redistricting effort.
And I mean, I'm sure that whenever his primary is, it's, I think, in two years, but I'm sure he'll go down.
He'll go down.
I'll certainly support anybody that wants to go against him.
unidentified
I was going to ask you briefly on AI and a question on Ukraine.
On the AI side, the flip side of what you've done today is what kind of agreements you can get with China, particularly on the national security threats posed by AI.
And I'm just trying to, Mr. President, just briefly, you made a commitment to the Europeans back in July, if I remember right, to participate in some kind of a peacekeeping force should there be a peace agreement.
unidentified
You mentioned, I think, air support, intelligence, and so forth.
Does that commitment still stand?
Is the U.S. ready to go contribute to the government?
We said we'll attend the meeting if we think there's a good chance.
They want me to attend, they want us to attend.
And we'll be attending the meeting on Saturday in Europe if we think there's a good chance.
And we don't want to waste a lot of time.
We think it's negative.
We want it to get settled.
We want to save a lot of lives.
As you know, in the past, we spent could be $300, $350 billion giving it to Ukraine.
We got nothing in return, but we gave it to Ukraine.
I ended up getting rare earth in return, even though I didn't spend money.
And we are now selling weapons to NATO.
We're not selling it to Ukraine.
We're selling weapons at full price to NATO, as you know.
They distribute those weapons probably to Ukraine for the most part.
They're probably doing it to others also.
But we're not involved in the war other than the fact that we are involved in a negotiation because people want us there.
Ukraine wants us involved very much.
Europe wants us involved.
I have a great relationship with the countries of Europe, as you know.
I took GDP.
I took what they're spending as a percentage of GDP, but it was at two and they weren't paying, and now it's at five, and everybody's amazed.
But that 5% is a lot of it's coming back to the United States.
With that being said, I'd like to see the killing stop.
25,000 people died last month, soldiers, mostly soldiers, but some people also, where bombs were dropped.
But for the most part, 25,000 soldiers died last month.
I would love to see it stop.
And we're working very hard.
It doesn't really affect the United States unless it got out of control.
You know, a thing like that, as you probably know, because you are a professional, a real professional, which is something I don't say about a lot of other people, but you are a great professional.
Things like this end up in third world wars.
And I told that the other day.
I said, you know, everybody keeps playing games like this.
You'll end up in a third world war.
And we don't want to see that happen.
unidentified
Mr. President, I'll say, Mr. President, can you confirm that you have appointed a general to lead the stabilization forces in Gaza?
We did a big thing when we went in with this very plane right here, this beautiful plane.
We went in with those B-2s and we, and now I can use the word because it's been confirmed by the Atomic Energy Commission, we obliterated their nuclear capability, their potential.
And their nuclear capability would have been there in about two months.
I think it looked like it was two.
Some people say two weeks.
I don't know if it's two weeks, but a very short period of time.
They were very close to having massive nuclear weapons.
And these guys went in and they did a job.
And that made peace possible because everybody was afraid of Iran.
And now they're not afraid of Iran anymore.
And Iran would like to make a deal with us.
unidentified
Your own national security strategy does not say obliterated, sir.
Well, the Atomic Energy Commission said obliterated, and the people that have seen the site said obliterated.
And frankly, Iran said it was obliterated.
And to show you how accurate it was, and I fight for the pilots because the pilots are those people, when they're at great risk, and they hit every single target on every single bomb.
And they did a lot of damage.
And for them to be given anything less than 100% of the credit is unfair.
So I will tell you, the Atomic Energy Commission said it's like Gonzo.
One person actually used the term obliterated.
But Iran actually said that they probably can never go there again.
They can probably never start there again.
If they ever started, they'd probably choose a new site.
But regardless, we took out the Iran nuclear site with great talent.
No other country could have done that.
No other country has weapons like we do, but no other country could have done that.
We have the best weapons in the world.
We have the best military in the world.
And when we took out Iran, that allowed for peace.
There's no way that, and I really have great respect for the king of Saudi Arabia, for the Emir.
I friend, UAE, these are great people.
These are actually great people and great leaders.
There's no way they could have done a deal if Iran was not really nullified to a large extent.
Iran is not the same country.
Iran was a country that was feared by everybody.
Now it's a country that's been very much downgraded.
I'm sure they'll try and come back.
And they're very capable people.
Maybe they will.
Maybe they won't.
unidentified
They're not constituting their missile program quite quickly.
But we were reasonably there for a deal with Iran before the bombing.
And they would have been much better off if they made a deal.
They could have had a deal.
They could have had a deal where they would have been much better off.
Look at what we've done.
I mean, their place is blown up.
Forget about the nuclear.
The nuclear is gone, but look at the damage they've suffered, the death that they've suffered.
They could have had a deal with, nobody would have died.
No buildings would have been down.
Nothing would have happened.
We would have blown up their nuclear, and that would have been it.
They could have had a great deal, but they missed that opportunity.
But they would like to make a deal right now.
Iran would like to make a deal with me.
Yes, please.
unidentified
Thank you, Mr. President.
Do you think the Senate should confirm your nominee for religious freedom ambassador, Mark Walker, in time for Christmas as a Christmas gift to Christians around the world?
So I thought by asking that question, you know, something new came up.
There's breaking news about Mark Walker.
I'd like to see him.
I look, I've always found him to be a high-quality person.
Yeah, I'd like to see that happen.
I will say, John Thunder has done a good job.
He's approved.
He's gotten hundreds of people approved.
You know, we have a roadblock with the Democrats.
They're just obstructionists.
That's all.
That's all they're good at is obstructing.
They're not good at creating.
They're only good at obstructing and wanting open borders and men and women sports and transgender, all things that transgender for everybody, all things that people don't want.
And they're obstructionists.
They're doing that with healthcare.
We have a great health care proposal where we pay all of the hundreds of billions of dollars that the insurance companies have been making.
You know, their stock is up 1,700%.
And by the way, the stock market today hit another high.
52 times we hit a high in the 10-month period.
That's during my second presidency.
And it's been amazing.
Nobody's seen anything like it.
You know, we had the greatest economy in history in my first term.
I think we're blowing it away right now.
I think we're blowing it away.
And again, prices were the highest they ever were.
Inflation was the highest in 48 years, or I think ever.
They say 48 years.
The president is 48 years.
I'll accept that, but I think it was the highest inflation we've ever had under the past administration with the highest prices.
We have high inflation, you have high prices.
Prices are coming way down.
Energy is coming way down.
Gasoline is hitting now $1.99 in a couple of states, and it's way down.
Gasoline is way down.
And when gasoline and energy comes down, everything follows.
But prices are coming down, and we have an unbelievable economy.
401ks are setting a record.
401ks that's owned by a lot of people because they're based on the stock market.
And the stock market for 52nd, his 52nd time, has just hit a brand new high.
So it's amazing what's happening.
And I will say this.
Our country is respected again.
I think we're respected like never before.
The United States is respected again.
We have a country that was a dead country one year ago, dead.
And now it's the hottest country anywhere in the world.
I do want to talk about the economy, sir, here at home.
unidentified
And I wonder what grade you would give A.
A plus.
A plus, Tonight, watch an exclusive interview with President Trump by Politico White House Bureau Chief host Dasha Burns, talking about the Ukrainian-Russia war, the economy, health care, immigration, and the future of the Republican Party.
Tonight at 9 p.m. Eastern on C-SPAN and online at c-span.org.
Ceasefire, where the shouting stops and the conversation begins.
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