Posted on 10/21/2019 3:11:29 PM PDT by ransomnote
Cabinet Room
11:42 A.M. EDT
THE PRESIDENT: Okay. Thank you very much. We have a Cabinet meeting. Well have a few questions after grace. And, if you would, Ben, please do the honors.
SECRETARY CARSON: Our kind Father in Heaven, were so thankful for the many blessings that you have bestowed upon us in this country. And were thankful for the people of courage who have been here before us, who have fought hard for the rights of our country.
And we thank you for President Donald Trump, who also exhibits great courage in face of constant criticism. And we ask that you would give him strength to endure and the wisdom lead, and to recognize you as the sovereigns of the universe with the solution to everything.
And the people around the President the Vice President, the Cabinet, the advisors give us all an understanding heart and a compassionate heart. Those are the things that will keep America great. And help us all to recognize as a nation that separation of church and state means that the church does not dominate the state, and it means the state does not dominate the church. It doesnt mean that they cannot work together to promote godly principles of loving your fellow man, of caring about your neighbor, of developing your God-given talents to the utmost so that you become valuable to the people around you, and having values and principles that govern your life.
And if we do those things, then we will always be successful. And we thank you for hearing our prayer, in your Holy name. Amen.
THE PRESIDENT: All right, thank you, Ben. That was a great job. Appreciate it.
The economy is doing fantastically well. Its getting very close to another record. Weve had many records since we won office. Were getting very close to another record. I dont know if anybody saw it: The household median income for eight years of President Bush, it rose $400. For eight years of President Obama, it rose $975. And for two and half years of President Trump they have it down as two and a half years it rose $5,000, not including $2,000 for taxes. So it rose, lets say, $7,000. So in two and a half years, were up $7,000, compared to $1,000, compared to $400. And thats for eight years and eight years.
Thats a number that just came out, but thats a number that I dont know how there could be any dispute or any Ive never heard a number like that, meaning the economy is doing fantastically well.
We need for our farmers, our manufacturers, for, frankly, unions and non-unions, we need USMCA to be voted on. If its voted on, itll pass. Its up to Nancy Pelosi to put it up. If she puts it up, its going to pass. Its going to be very bipartisan. Its something thats very much needed. Itll be hundreds of thousands of jobs.
Mexico and Canada have approved it; its done. Theyre waiting for our approval. And we cant seem to get the votes. I call them the Do-Nothing Democrats; I mean that. Theyve done nothing. But this is something they can do very easily. Well give them bipartisan approvals and credits all the credits they want but they have to be able to do it.
So the economy is doing fantastically well. We want to vote on USMCA. We have other trade deals that weve done. Weve done South Korea, which is a fantastic deal for us; it turned out even better than we thought. South Korea was a terrible deal. The person in charge of that particular deal, Hillary Clinton youve heard of her; shes the one thats accusing everybody of being a Russian agent. Anybody that is opposed to her is a Russian agent. So thats a scam that was pretty much put down.
Tulsi I dont know Tulsi, but shes not a Russian agent. I dont know Jill Stein. I know she likes environment. I dont think she likes Russians. If she does like them, I know shes not a asset. She called her an asset of Russia. These people are sick. Theres something wrong with them.
But I think that Tulsi Gabbard probably got helped quite a bit by this stir. I think we were helped because it shows, for two and half years, we end up winning. I had to go through two and a half years. If she would have done this earlier, people would have realized what a scam it is. Everybody is a Russian or a Russian agent or a Russian asset.
The economy, again, is at a level that its never been. We are doing whether its household income, whether its almost any chart and I think maybe the best of all is unemployment. Unemployment has reached historic lows. African American, Asian American, Hispanic American reached numbers that nobody ever thought would be possible. Had the lowest ever in history.
So, if youre black, if youre Hispanic, if youre Asian anybody African American, Hispanic American, Asian: the lowest in history. For women, the lowest in 71 years. The best. When I say lowest, Im talking about the best. Both the best unemployment numbers and the best employment numbers either way you want to cut it. You can say them both because its best in both.
As far as employment is concerned, we have the most people working today than ever before in the history of our country. Weve never had theres close to 160 million people. So its some incredible things are happening.
Syria: We will be giving a much fuller report. Mike Pompeo, Secretary of Defense Esper, and the different people that are very much involved. Mike Pence, Vice President.
We are having very good news coming out. The ceasefire is holding. The Kurds are moving out to safer areas beyond the safe zone, as we call it. Having the safe zone is not a bad thing; its a good thing. And plenty of Turks have been killed because of conflict on their border. So, you know, you have to look at it both ways. But the ceasefire is absolutely holding. Theres been skirmishes, but very little, relatively speaking. Of course, if you watch the fake news, its like pretty pretty wild. Its really holding.
Ive watched these pundits that have been working on this thing for 20 years. Theyve been working on the Middle East for 20 years; they dont know what theyre doing and theyre telling me what to do. Theyre saying, What did Trump get out of it? What did he get out of it? Ill tell you what I get out of it: We wont be fighting, and well bring our soldiers back home. They were supposed to be there for 30 days, and theyve been there now for 10 years, in Syria. Ten years. They were supposed to go in, do a quick hit on ISIS, and come out.
Now, as far as ISIS is concerned, when I took over November, 2016 ISIS was all over the place. Im the one meaning it was me and this administration, working with others, including the Kurds that captured all of these people that were talking about right now.
Because President Obama it was a mess. And I was told and you were told, and everybody told it would be years before you ever did what I did in about a month and a half after I started. I went over to Iraq, I met with our generals, and we figured out a plan, and it was done within a month and a half. Im the one that did the capturing. Im the one that knows more about it than you people or the or the fake pundits.
But I sort of have to smile to myself. I was telling a couple of people Im watching these people that Ive been watching for 20 years. Ive been watching the same faces; theyre just a little bit older and a little bit grayer. Ive been watching them for 20 years, saying about the Middle East. And theyve been wrong on everything theyve ever said.
And now, all of a sudden, people are starting to say, You know, what Trump is doing is great. And we have tremendous a tremendous power. Because since the election of 2016, November since that beautiful day, our country has picked up in value trillions and trillions of dollars of worth. Trillions and trillions of dollars. Numbers that nobody would believe. Numbers, if I would have said it on the campaign trail, I wouldve been I wouldve been excoriated by the fake media. Excoriated.
The numbers are far greater than anything that even I predicted. You hear that with the household median income. Four hundred dollars for eight years. Nine hundred and seventy-five dollars for eight years. Seven thousand dollars for two and half years up. Nobody has ever seen numbers.
Larry Kudlow is going to speak in a minute, and hes going to tell you thats one of the greatest strengths of our country.
And, by the way, other areas and countries are doing poorly. Europe is doing very poorly. Asia is doing very poorly. China is doing very poorly worst year theyve had in 57 years. I wonder why. I wonder why. Im sure you cant figure it out.
And were doing great. Were taking in billions and billions of dollars in tariffs from China, and theyre eating the tariffs because they devalued their currency. And theyre pouring money into their economy because they dont want to lose the jobs, but they are losing the jobs. Theyve having a terrible year. Worst in 57 years, they say.
And if they say that, it means its worse. And they announced that they have the worst numbers theyve had in 20 years. They announced six. I dont think its six; I think its probably minus-something. It could very well be minus. It could very well be in negative territory.
But were doing great. And, by the way, the deal with China is coming along very well. They want to make a deal because they sort of have to make a deal, I think. They have to make a deal because their supply chain is going down the tubes. Their supply chain is broken like youve never seen anything broken before. Its broken.
So, our soldiers on Syria, theyre moving out, very nicely. ISIS is being held by the Kurds. And I have an absolute commitment from Turkey that theyre watching them, just in case. So we have a double: We have the Kurds are watching them.
As you know, most of the ISIS fighters that we captured we. We. Not Obama. We. We captured them. Me. Our country captured them, working with others, including the Kurds. And we helped them, dont forget. We helped the Kurds. Everyone said the Kurds helped us; thats true. But we helped the Kurds. Theyre no angels, but we helped the Kurds.
And we never gave the Kurds a commitment that wed stay for the next 400 years and protect them. Theyve been fighting with the Turks for 300 years, that people know of. And nobody ever committed, Gee, if you do this, were going to do that, and were going to stay with you forever. Nobody ever said that.
But when I watch these pundits that always are trying to take a shot, I say they say, What are we getting out of it? You know what were getting out of it? Were bringing our soldiers back home. Thats a big thing. And its going to probably work. But if it doesnt work, youre going to have people fighting like theyve been fighting for 300 years. Its very simple. Its really very, very simple.
But were going to bring our soldiers back home. So far, there hasnt been one drop of blood shed during this whole period by an American soldier. Nobody was killed. Nobody cut their finger. Theres been nothing. And theyre leaving rather, I think, not expeditiously rather intelligently. Just leaving. Leaving certain areas. Leaving.
Weve secured the oil. If you remember, I didnt want to go into Iraq. I was a civilian, so I had no power over it. But I always was speaking against going into Iraq. It was not a great decision. But I always said, If youre going in, keep the oil. Same thing here: Keep the oil. We want to keep the oil.
And well work something out with the Kurds so that they have some money, they have some cash flow. Maybe well get one of our big oil companies to go in and do it properly. But theyll have some cash flow, which they basically dont have right now. Everybody is fighting. Its not a big oil area, but everybody is fighting for whatever there is. So we have a lot of good things going over there, and theyre going very well.
As far as the continuation of the witch hunt, we beat the Russian deal. We beat the Mueller deal. Now I find out, as I said before, that theyre trying to make other people into Russian agents, Russian assets. It has no credibility.
Now they have what should be extremely easy to beat, because I have a perfect phone call. I made a perfect call not a good call; a perfect call. In fact, a friend of mine, whos a great lawyer, said, Did you know this would be the subject of all of this scrutiny? Because the way you expressed yourself, this is like a perfect call. You mustve known this was going to happen. No, I didnt. Thats just the way I talk to the President of Ukraine who, by the way, said there was no pressure, there was no blackmail, there was no anything.
And Congressman Hurd I have to tell you, yesterday, he was great. He was great, what he said. I gained a lot of respect for him very quickly, because he said, You know, with all of this going on, I havent heard one Ukrainian saying there was pressure. I havent heard one Ukrainian not one say that there was pressure of any kind. There havent even been reports of it to our people. Nobody has even said it. And the reason you havent heard it because there is no pressure.
The conversation I had was perfect. And what happened is I released the conversation, and that threw Shifty Schiff off. Crooked he was a corrupt politician. Schiff is a corrupt politician. That threw him off because he made up a lie. He made up what I said in my conversation. And he went before the United States Congress, and he said a made-up story; it was fabricated. He totally fabricated it. They said hes hes a screenwriter. Well, this was screenwritten. It was a fabricated story.
So he made up a lie, and I released they never thought that Id do this I released a transcription, done by stenographers, of the exact conversation I had. And now, the game was up.
And the other thing is, the whistleblower and the other whistleblower and the informer all these people theyd seemed to have disappeared. You know why they disappeared? Because they talked about another conversation a conversation that I never had. They made up a conversation.
Now, if you look at the whistleblower report and you look at the actual transcribed conversation the actual conversation that I had and you couple that with the President saying that that was a perfectly fine conversation I dont even know he didnt even know what theyre doing. He didnt even know about the money not being paid. Okay? I think that came out somewhere, that the money he didnt know that. Then you also have his foreign minister saying, No, it was a very good conversation. There was no anything asked for. There was no pressure whatsoever.
So this is a phony investigation. I watched a couple of people on television today talking about it. They were talking about what a phony deal it is, what a phony investigation it is. And Republicans have to get tougher and fight. We have some that are great fighters, but they have to get tougher and fight because the Democrats are trying to hurt the Republican Party for the election, which is coming up, where were doing very well. We had a record crowd the history of the arena its the biggest crowd theyve ever had. And we had 20,000 people outside, at least. Were doing great on the election.
You saw what happened in North Carolina. We picked up two seats that people didnt think we were going to pick up. That was two weeks ago. Last week, a Governor that people thought was okay went down, and now hes got a big election. He was under 50 percent; nobody thought that was going to happen. Were doing very well.
But a lot of these stories that are made up, between a guy like Shifty Schiff whos a phony guy, a corrupt politician the media buys it. Because, unfortunately, the media is corrupt also. Much of the media so much of it, such a big percentage of it. Its such a shame. Some great reporters and great journalists, but some really bad people. So, thats the story.
The economy is good. Were doing well with getting out, finally, after 10 years. Again, 30 days to 10 years. And were getting out. Nobody none of our people are injured. Its very smooth thus far. And I think that youre going to see something thats going to be good.
Remember this: If Turkey misbehaves I dont think they will but we have a power that nobody thought we had, to the extent. Its called sanctions. Its called tariffs. Well tariff the hell out of their product coming here. They send tremendous amounts of steel to the United States and other things. We will tariff them and we will sanction them. But I dont want to use that as a threat because Mike Pence and our Secretary of State, Mike Pompeo, they went out and they negotiated a very good five-day ceasefire. Im sure if we needed a little extension, that would be happening. But our power is our power of economics, its very powerful.
Weve rebuilt the military since November of 2016. Our military was totally depleted from being in stupid situations like this for so many years. Our military was depleted to a level that we had very little ammunition. I was actually told we had no ammunition. Now we have more ammunition than weve ever had. Our military is stronger stronger than its ever been. Probably stronger than ever. And in a few short months, as the equipment pours in from the money we spent two and a half trillion dollars it will be at a level that its never even come close to. Its a big difference. All made in the USA. All made in the USA.
So, were doing very well. And if anybody has any questions? Please.
Q Mr. President, will you maintain a limited number of troops in Syria?
THE PRESIDENT: Excuse me?
Q Will you maintain a limited number of troops in Syria?
THE PRESIDENT: Well, we dont think its going to be necessary. I dont want to leave troops there. Its very dangerous there. You know, we had 28 troops, as it turned out. People said 50; it was 28. And you had an army on both sides of those troops. Those troops wouldve been wiped out. I dont think its necessary other than that we secured the oil in a little different section, but we did secure the oil.
And the other reason region where weve been asked by Israel and Jordan to leave a small number of troops is a totally different section of Syria, near Jordan and close to Israel. And thats a totally different section. Thats a totally different mindset. So we have a small group there, and weve secured the oil. Other than that, theres no reason for it, in our opinion.
And, again, the Kurds are going to be watching. Were working with the Kurds. We have a good relationship with the Kurds. But we never agreed to, you know, protect the Kurds. We fought with them for three and a half to four years. We never agreed to protect the Kurds for the rest of their lives.
Remember this: When Iraq was fighting the Kurds, everybody thought we were going to fight with the Kurds. I said, Well, its a little strange that were fighting with the Kurds when we just spent $4 trillion on Iraq and now were going to be fighting Iraq. So what I did is I said, Were not going to take a position. Let them fight themselves. I thought the Kurds would do very well. Everyone said, Oh, the Kurds will do very well. Well, Iraq moved in and the Kurds left. They didnt fight because they didnt have us to fight with.
A lot of people are good when they fight with us. You know, when you have $10 billion worth of airplanes shooting 10 miles in front of your line, its much easier to fight. But with that, they were a good help. But we were a great help to them too. They were fighting ISIS. You know, they hated ISIS, so they were fighting ISIS. But we never agreed. Wheres an agreement that said we have to stay in the Middle East for the rest of humanity, for the rest of civilization, to protect the Kurds? They never said that.
And we have protected them. Weve taken very good care of them. And I hope theyre going to watch over ISIS, because thats again, most of it is not in the safe zone, as we call it. Some places are called demilitarized zone. In the old days, wed call areas like this a demilitarized zone.
And our relationship with the Kurds is good, and theyre going to be safe. And I will say this: If shooting didnt start for a couple of days, I dont think the Kurds would have moved. I dont think, frankly, you wouldve been able to make a very easy deal with Turkey.
I think when it started for a few days, it was so nasty that when we went to Turkey and when we went to the Kurds, they agreed to do things that they never would have done before the shooting started.
If they didnt go through two and a half days of hell, I dont think they wouldve done it. I think you couldnt have made a deal. And people have been trying to make this deal for years. But were close to making it. Well see what happens. Again, theyve been fighting for 300 years, that we know of. Three hundred years. So why should we put our soldiers in the midst of two large groups, hundreds of thousands, potentially, of people that are fighting? I dont think so. I dont think so.
Yes, Steve?
Q You said that Republicans need to get tougher and fight. What are you talking about, Mr. President?
THE PRESIDENT: Well, I think the Democrats fight dirty. I think the Democrats are lousy politicians with lousy policy. They want open borders. They dont care about crime. They want sanctuary cities. They dont care about drugs. They dont care about almost anything. They dont care about USMCA. How about that?
I think theyre lousy politicians. But two things they have: Theyre vicious and they stick together. They dont have Mitt Romney in their midst. They dont have people like that. They stick together. You never see them break off. You never see somebody go out and thats why I respected so much what I watched with Will Hurd today, because he was one of the few that didnt seem to be there and yet he made a statement, and he said, Well, I havent seen any complaints whatsoever from the Ukrainians. I mean, the Ukrainians didnt complain, and they didnt tell any of our ambassadors.
This thing is all about a letter that was perfect. You never hear the letter anymore. It was all about whistleblowers. You never hear what happened to the whistleblowers? Theyre gone, because theyve been discredited. What happened to the informant? And wheres the IG? Why didnt the IG read the letter, read the transcript he could have gotten it, I guess, I assume. I would have declassified it for him, if I had to do that. Why didnt he read this and then see that the whistleblowers account was totally different than the letter? Then he wouldve said, Oh, theres no problem here. The whistleblower gave a false account.
Now you have to say, Well, do we have to protect somebody that gave a false account? You know, these whistleblowers, they have them like theyre angels. Okay? So do we have to protect somebody that gave a totally false account of my conversation? I dont know. You tell me. Do we have to protect the informant? Now, I happen to think there probably wasnt an informant. You know, the informant went to the whistleblower, the whistleblower had second- and third-hand information. You remember that. It was a big problem.
But the information was wrong. So was there actually an informant? Maybe the informant was Schiff. It could be Shifty Schiff. In my opinion, its possibly Schiff. Why didnt Schiff say that he and his staff, or his staff, or a whole group why didnt he say that he met with the whistleblower? He knew all about the whistleblower. Why didnt he say?
Hes a crooked politician. Very bad for our country. This whole thing is very bad for our country. In the midst of that, Im trying to get out of wars. But we may have to get into wars too. Okay? We may have to get into wars. Were better prepared than weve ever been. If Iran does something, theyll be hit like theyve never been hit before. I mean, we have things that were looking at.
But can you imagine I have to fight off these these lowlives at the same time Im negotiating these very important things that shouldve been done during Obama and Bush and even before that. All right? So thats where we are right now.
Actually very fair question.
Go ahead.
Q Mr. President, will the troops from Syria come home, or will you send them to other military bases?
THE PRESIDENT: Well, theyre going to be sent initially to different parts, get prepared, and then ultimately were bringing them home. Yeah. Were bringing our troops back home. I got elected on bringing our soldiers back home. Now, its not very popular within the Beltway, because, you know, Lockheed doesnt like it, and these great military companies dont like it. Its not very popular.
Outside the Beltway my largest cheer in Dallas I had 25,000 people close in that arena. A record crowd. I had so many people outside of the arena. Thousands. My largest cheer that night was two things: Were building the wall; thats number one. And number two, and probably tied for number one, was were bringing our soldiers back home. That was our largest cheer in Dallas. Great place. Great state Texas. Tough state. Theyre tough.
When I said, Were bringing our soldiers back home, the place went crazy. But within the Beltway, you know, people dont like it. Its much tougher for me. Itd be much easier for me to let our soldiers be there, let them continue to die. I go out to Dover and I have to I meet parents. Its not a pleasant thing; its the most unpleasant thing I do. Most unpleasant thing I do. When I see that big cargo plane open, and I see those coffins get rolled off, or when I go over to Walter Reed Hospital where the doctors are incredible, by the way saving people that couldve never been saved even five years ago. You know that. But those people are horribly wounded. Horribly, horribly wounded. Wounded warriors. Its the toughest thing I do.
The toughest thing is sending letters. I send many letters home to parents, and I speak to parents. But I send many letters home to parents; their son or daughter has been killed over in the Middle East. For what? For what? There are times to fight and there are times not to fight. There are times to be smart.
We have tremendous economic power, and were using our economic power much more powerful, in certain ways, than playing with with guns. And much better for our country, and much better for everybody, and actually much better for humanity. Okay?
Thank you all very much. I appreciate it. Thank you. Thank you very much.
Q Mr. President, on your decision to not hold the G7 the G7 not at Doral? Are you planning to do it at Camp David now?
THE PRESIDENT: Doral Doral was a very simple situation: I own a property in Florida. I was going to do it at no cost, or give it free, if I got a ruling, because theres a question as to whether or not youre allowed to give it because its like a contribution to a country. Id have to get a ruling. But I would have given it for nothing. Its a lot of a lot of money I would have given away, like I give away my salary. I give away my salary. Its, I guess, close to $450,000. I give it away. Nobody ever said he gives away his salary. Now it comes up because of this. But I give away my presidential salary.
They say that no other President has done it. Im surprised, to be honest with you. They actually say that George Washington may have been the only other President that did. But see whether or not Obama gave up his salary. See whether or not all of the other of your favorites give up their salary. The answer is no.
They say its the only one. They think George Washington did, but they say no other. So I give up its a lot of money, $450,000, close to. And I give that up.
So I have a place thats in the best location. Im very good at real estate. Very, very good. Much better than you even understand. When you see my financials, which Ill give at the right time, youll say, Man, he was much better than we even thought. This guy knows, right here Mnuchin because he was in the private sector. He knows he knows very much what I have. He would tell you. Someday, maybe, hell tell you.
But Im very good at real estate. Theres Miami this facility. Everybody would have had their own building. Everybody in the G7 would have had their own building. It was so good. Florida loved it. They love economic development. Its its not because its a beautiful place, its new, its been totally rebuilt. Its new. Everything is new. Its got massive meeting rooms. Unlimited for security because its on, you know, hundreds of acres. Best location. Right next to the airport, Miami International one of the biggest airports in the world. Some people say its the biggest. But one of the biggest airports in the world. Its only minutes away. It wouldve been great.
But the Democrats went crazy, even though I wouldve done it free, saved the country a lot of money. Then they say, Oh, but youll get promotion. Who cares? You dont think I get enough promotion? I get more promotion than any human being thats ever lived, I think, I get. I think I would have that I think I can say that fairly safely. I think I get more promotion than any human being thats ever lived some good, some bad. The people that like me give me only good. The people that dont like me give me only bad. But thats the way life is. I dont need promotion. I dont need promotion. Okay?
But I was willing to do this for free. And they wouldve had it wouldve been the greatest G7 ever. And I wouldve said to my family because they run my business now; I dont run my business. I actually put all the stuff in trusts. They run my and I didnt have to do that. I was under no obligation to do it.
You know, I dont know if you know it: George Washington he ran his business simultaneously while he was President. Many other Presidents there werent too many really rich Presidents, but there were a few they ran their business. Hey, Obama made a deal for a book. Is that running a business? Im sure he didnt even discuss it while he was President. Oh, yeah. He has a deal with Netflix. When did they start talking about that? Thats only, you know, a couple of examples.
But other Presidents, if you look other Presidents were wealthy. Not huge wealth. George Washington was actually considered a very, very rich man at the time. But they ran their businesses. George Washington, they say, had two desks: He had a presidential desk and a business desk. I dont think you people, with this phony emoluments clause
And, by the way, I would say that its cost me anywhere from $2 [billion] to $5 billion to be President and thats okay between what I lose and what I could have made. I would have made a fortune if I just ran my business. I was doing it really well. I have a great business. I have the best properties.
But between what I lose and, in all fairness, some properties Doral is an example. Doral was setting records when I bought it, because I owned it for a period of time. Setting records. It was going to there was nothing like it. It was making a fortune.
And then what happened? I announced Im going to run for office. Right? And all of a sudden and I say, We got to build a wall, we got to have borders, we got to have this, we got to have that. All of a sudden, people some people didnt like it. They thought the rhetoric was too tough. And it went from doing great to doing fine. It does very nicely now. Its actually back, I understand, very strongly.
But Doral was setting records. And I knew this would happen. Most of the stuff that I have because now, instead of having 100 percent of the market that loves you and they love your brand and its luxury and its great, now you have 50 percent of the market. Thats called politics. I fully understood that.
So its cost me between $2 billion and $5 billion. And if I had it to do again, Id do it in an instant. Because who cares? If you can afford it, what difference does it make? If I had this to do again because Im making a big difference for the country.
The country is stronger now than its been in many years maybe ever. Out military is rebuilt. Our economy is hitting records. As I said, best unemployment numbers, best employment numbers. Were strong. Were bringing our soldiers back home from the endless wars. Were doing great.
So whether I lost $2 billion, $5 billion, more or less, it doesnt make any difference to me. I dont care. If youre rich, it doesnt matter. Im doing this for the country. Im doing it for the people that show up. I havent had an empty seat at a rally. I will say, Wheres the rally? Its in a certain place. Okay. Just get the biggest arena.
I go to these massive basketball arenas, like in Dallas, where the Mavericks play, and fill it up and set a record. Ive set a record in almost every place Ive been because we just need a little small stage. We dont need basketball courts, ice hockey courts. And I take less than musicians, because they have bands. I dont have band. I set the world record for somebody without a guitar. Okay? I dont have bands. All right?
So thats the story. And, you know, those people are the poll. And I had great polls. I have my best polls now. I think its because people think that its terrible what theyre doing. Pelosi, Shifty Schiff, Schumer these people are trying to destroy the country. Its a very bad thing, what theyre doing.
The President of the United States should be allowed to run the country, not have to focus on this kind of crap, while at the same time doing a great job with Syria and Turkey and all of the other things that were doing.
Korea okay, maybe someday but Ill tell you what: If somebody else became President, with that same mindset that they had, youd, right now, be in a big war with North Korea. You dont hear too much about it. It could happen. Could happen. I dont know. I always say, Who knows? Its deals. Who knows?
But, in the meantime, North Korea is I like Kim; he likes me. We get along. I respect him; he respects him. You could end up in a war. President Obama told me that. He said, The biggest problem I dont know how to solve it. He told me doesnt know how to solve it. I said, Did you ever call him? No. Actually, he tried 11 times. But the man on the other side the gentleman on the side did not take his call. Okay? Lack of respect. But he takes my call.
Thank you very much, everybody. Thank you.
Q Sir, the G7 so whats the plan for the G7 now, if its not at Doral? Whats the plan for the G7 now?
THE PRESIDENT: Well look at other locations. I dont think itll be as exciting. I dont think itll be as good. Itll cost the country a fortune because its very expensive.
I know France had a budget of many, many millions of dollars. They just did it. They did a great job, by the way. But France had a budget of many, many millions of dollars. Its going to cost, you know, a fortune for the country. I was willing to do it for free, but people didnt like that. They thought I may get some promotional value. I need promotional value so badly, right? I dont need promotion.
Go ahead. What did you say? What else? Steve? No?
Q Sir, could I ask you about Iran? Sir. Sir, on Iran
Q Sir, is it a forgone conclusion that the House will impeach you?
THE PRESIDENT: On Iran, what? Say it? What? What do you mention the word impeach?
Q Sir, do you believe do you believe its a forgone do believe that its a forgone conclusion that the House will impeach?
THE PRESIDENT: Well, I think they want to. Any Democrat wants to because theyre not going to beat me in the election. So, of course, they want to impeach me. Why wouldnt they want to impeach me? Its so its so illegitimate. It cannot be the way the Founders our great Founders meant this to be.
But I see this guy, Congressman Al Green, saying, We have to impeach him, otherwise hes going to win the election. Whats that all about? But thats exactly what theyre saying. We have to impeach because otherwise hes going to win. Im going to win the election.
Look, I have the strongest economy ever. Its the economy, stupid. Right? I have the strongest economy in the history of our country. Okay? And were setting records. Over 100 times I think its like 118 but over 100 times, weve had the highest stock market in history, since November 8th. Over 100 times.
And, by the way, the day I got elected the following day from there until January 20th, the market went through the roof. You know why it went through the roof? Because they got rid of Obama and they got rid of Clinton. And if anybody else if any of these people that Ive been watching on this stage got elected, your 401(k)s would be down the tubes. Theyd go down not 20 percent or 30 percent; theyd go down 70, 90, 80 [percent], and destroy this country. Youd destroy the country.
So, I think they want to impeach me because its the only way theyre going to win. Theyve got nothing. All they have is a phone call that was perfect. All they have is a whistleblower who has disappeared. Where is he? Hes gone. Then they have a second whistleblower. The second whistleblower has got oh, its going to Where is he? He disappeared. Then they have an informant. Oh, the informant is Where is he?
Theyre interviewing theyre interviewing ambassadors who Id never heard of. I dont know who these people are. I never heard of them. And I have great respect for some of them. One of them said, just recently a very, very highly respected man Im not going to get into their names, but a highly said, No, no. We were very, very bothered by Joe Biden and his son back during the Obama administration. He said, We were very Hes supposed to be their witness.
Dont forget, many of these people were put there during Obama, during Clinton, during the Never Trump or Bush era. You know, you had a Never Trump or Bush. You have heard of those? Those people might be worse than the Democrats the Never Trumpers. The good news is theyre dying off fast. Theyre on artificial respiration, I think.
But, no, impeachment they want to impeach and they want to do it as quick as possible. And thats pretty much the story. Okay?
Q What about Republican support? Do you are you working behind the scenes to shore up support in the Senate?
THE PRESIDENT: I think I have great Republican support.
Q Do you run the risk of alienating any of the Republicans in your Party?
THE PRESIDENT: No, I dont think so at all. No, they because, you know what?
Q Some of them are very angry about the Syria decision.
THE PRESIDENT: Look no, you dont I have to do what I have to do. Ill tell you what: I want to bring our soldiers back home. If people want to leave them there, Ill take that every day. All I know you were at Dallas all I know is the place went crazy when I said, Were bringing our soldiers back home. Within this little area this is a very unique area they may feel that. But I have to do what I got elected on, and I have to do what I think is right.
Now, if I got elected on something and I think I was wrong, Id second guess myself. Id change. But they want our soldiers back home. And I think we can do as well, or better, frankly. Let them theyve got to theyve got to keep going at each other. Its artificial to have these soldiers walking up and down between two big countries.
And, by the way, Im just informed: Larry Kudlow is going to say a few remarks, if you want. Would you like to stay for Larrys remarks?
Q Sure. Sure. Yes, sir.
THE PRESIDENT: Because he is a great, great remark-maker. (Laughter.) Larry after that whole thing, Larry, get up and go get it. Im sure itll be great. Let them know how were doing, Larry. If were doing poorly, let them know. But I dont think thats going to happen.
MR. KUDLOW: Thanks, sir. I appreciate it very much. Heres a point I want to make right at the start. Youve put out some great numbers on some of the recent releases. You know, first and foremost, this is a middle class boom. I cant emphasize that enough. This is a middle class boom, even though perhaps some people wont give us credit for it.
Youve been rebuilding the economy, re-incentivizing the economy, lower taxes, lower regulations, opening up the energy sector, tough trade reforms for level playing fields. So after two and a half years, average real family income: $65,000. In fact, its really closer to $66,000. So $6,000 gains. About 8 percent. Its better than anything our predecessors have done, be they Democrat or Republican. Im not being partisan here whatsoever.
THE PRESIDENT: Maybe ever, Larry. Right? Maybe ever in history.
MR. KUDLOW: Id have to go Id have to go back and
THE PRESIDENT: Go check it. I dont think its ever been done.
MR. KUDLOW: But its a long ways, youre right. Sixty-five thousand almost sixty-six thousand that is the middle of middle. So, I think thats very important. And the increase of roughly 8 percent has never been done before.
And, actually, if you look at the composition of wage increases, sir, the biggest gains have come in the middle quintile, the fourth, and the fifth. The lowest 10 percent have had the biggest increases not the highest wages, mind you but the biggest gains, which is what really matters to individual people. So I think thats absolutely a key point. The policies have spurred a middle-class boom.
Now, 3.5 percent unemployment the lowest in 51 years. 1.4 percent inflation. Weve had a 50 percent increase, on balance, for the stock market. Household net worth household net worth of $12 trillion dollars. So, were about $103 trillion $103 trillion dollars for American household net worth. Disposable income is now growing at 3 percent.
The reason these key points inflation, stocks, income, wages theres a model. Theres a couple of these models. Theyre very interesting.
Im going to talk about the Moodys model. Its been run by a friend of mine; hes an old friend of mine, Mark Zandi. Does not have much sympathetic views towards our administration or me, for that matter. But, nonetheless nonetheless, hes a good guy, personally. I dont take this stuff personally.
But their model is now showing, because of stocks, inflation, what he calls the pocketbook model which is the average family income you talked about before $66,000 his electoral range is 289 to 351. 289 to 351. I believe you need 270 to win. And the most important one is the pocketbook the pocketbook model gives you 351 thousand. My former boss, Ronald Reagan, used to call it take-home pay. Were seeing it once again. Were seeing it once again.
Is this stuff going to happen? Well, their view is and Oxford economics said the same thing if we continue along this path, those are
THE PRESIDENT: Are they predicting who is going to win the election, Larry? Is that what youre saying?
MR. KUDLOW: Those are the kinds of numbers that suggest a very substantial victory. A very substantial victory. Let me go on again. Ill be brief on the wrap-up here.
America is working. As you said, 6 million jobs, 500,000-some-odd manufacturing job increases since you took office.
Let me make this point. Ive been working hard on this, trying to convince my former colleagues in the media. September payrolls were still work- September payrolls, including the revisions, up 181,000. Okay? 7.1 million job openings. 7.1 million job openings. 5.8 million unemployed. We have more job openings than we have unemployed. This is the 18th straight month. That is a very rare economic stat.
THE PRESIDENT: Almost never happens.
MR. KUDLOW: But let me go under the hood, just for a second. Besides the payroll numbers, theres another survey from which unemployment comes from. Right? That 3.5 percent unemployment rate comes from something called the household survey, which tends to ask individual family members, small businesses, entrepreneurs, and starters. Okay? Household survey in the last four months is exploding. And it is averaging close to 400,000 per month. In other words, payrolls came in at 180, and the household survey is averaging close to 400,000.
A lot of business and financial economists believe the household survey is your leading indicator. It tells me, sir, we could be in for another takeoff on the jobs story.
Wages non-supervisory production wages up 3.5 percent.
One more leading indicator: the housing market which has been soft for over a year, were now seeing single family starts and sales, and pending sales have now shown several months of steady increases. Thats a good leading indicator that the economy is going to be speeding up, not slowing down.
All of this in the face of a couple of years of very tight monetary policy and the fact that the rest of world is not growing basically, Europe has been in recession. The rest of world has been in a virtual recession because of our incentive-minded policies. Because of our emphasis on trade and energy and deregulation, we are growing twice as fast as the rest of the world. And the numbers are telling me we may be ready for another pickup. We may be poised for another pickup after a quarter or two of softness.
So, I think were in pretty good shape, sir. These are facts. My colleagues or my former media colleagues may or may not agree, but Im happy to go through the facts, which is what Im really interested in here. And, of course, its not breaking news that Im a low-tax rate, supply-sider from the Reagan-Laffer years. (Laughter.)
But I do want to bring in my friend and colleague, Russ Vought of OMB, because part of this is the regulatory story
THE PRESIDENT: Okay. Its true.
MR. KUDLOW: the deregulatory story, which is helping jobs.
THE PRESIDENT: Weve cut regulations more than any administration in history, and thats in two and a half years. So, in two and a half years, weve cut more regulation than any administration in the history of our country. And theyve been for eight years and, in one case, for more than that. So thats been pretty good.
Thank you very much, Larry. That was very good.
MR. KUDLOW: Im going to give it over to Russ. Thank you, sir.
THE PRESIDENT: And Russ Vought
MR. KUDLOW: Thank you, sir. Appreciate it.
THE PRESIDENT: Russ, if you could talk about regulation.
ACTING SECRETARY VOUGHT: Yeah, were going like gangbusters, Mr. President, as a result of your commitment to the deregulatory initiative. Some numbers for our the group here: nine to one. You set a commitment of two for two deregulatory initiatives for every one. Were now at nine, at the close of our third year. That is $50 billion in cost savings, up from $33 billion. And thats just for those who are regulatory parties.
So if we if you look at the economy-wide cost savings, its $220 billion of savings for regulations deregulatory initiatives in the pipeline. And thats in just the first round. Right now, were going through a process to figure out whats next.
We want to be finishing the big deregulatory initiatives this year that you ran on. Were going to go forward this year with some exciting things to make sure infrastructure and permitting happens on a much quicker basis.
The Vice President is going to be leading a task force with governors to really multiply the efforts that theyre doing on the state level things like occupational licensing to make sure that a hairdresser in Montana doesnt have to when she moves, doesnt have to go through a thousand hours of training when she moves to Idaho. Thats the kind of thing that we want to multiply between the states and the federal government to be able to really expand on the work that youve been doing.
So were excited about that. And we cant think of deregulatory initiatives without thinking about the work that Andrew Wheeler is doing at EPA. So I would love if you want to talk to about your initiatives as well.
THE PRESIDENT: Okay, good. I think Ill maybe start with you, Andrew, if you could. Please.
ADMINISTRATOR WHEELER: Thank you, Mr. President. Im here to update you on the implementation of your executive order regarding the Waters of the U.S. As you know, under the Clean Water Act, EPA regulates the discharge of pollutants into the nations navigable waters also known as Waters of the U.S., or WOTUS.
In 2015, the Obama administration illegally expanded WOTUS to include things such as dry channels that only flows when it rains, isolated ponds, ditches. Thats meant that meant that the vast majority of the nations waters would have fallen under the federal control. The Iowa Farm Bureau estimated that 97 percent of the state of Iowa would have fallen under federal control. A North Dakota agricultural commissioner estimated that over 90 percent of North Dakota would have been under federal control.
The Obama EPA claimed that the rule was in the interest of water quality, but it was really about power power in the hands of the federal government. The rule upset the federal-state partnership, and expanding WOTUS would have meant more landowners would have had to obtain costly federal permits for activities on private property.
The permit process can cost anywhere from $30,000 to $300,000 for a water permit, and it takes one to two years or more. So the 2015 rule was mired in litigation. Thirty-one states opposed it.
Mr. President, you knew that the Obama WOTUS power grab was trouble from the get-go. And when you took office, you immediately asked us to fix the problem. EPA and the Department of Army are implementing your WOTUS executive order, and its due two-step process.
Last month, Army Corps head R.D. James and I signed the final step-one rule repealing the 2015 rule. So the 2015 rule is no longer on the books. Weve reverted back to previous water definitions prior to 2015.
We are working on finalizing step two: our new proposed WOTUS definition that weve proposed last December. The proposal will clearly define what is a federal wetland, as well as what is not, which is just as important. And it will limit where federal regulations apply.
Our overreaching goal is that a property owner should be able to stand on his or her property and be able to tell for themselves whether or not they have a federal waterway without having to hire outside consultants to do that for them.
We received over 600,000 comments on our proposal and we intend to finalize our proposal this winter.
THE PRESIDENT: Thank you very much. And I know youre working on the small refineries getting that straightened away so that its going to be terrific for the small refineries. Theyve been hurt for a long time, and we gave them waivers for this year. And that will thats helped them a lot. But I want you to work on that. Make sure the small refineries are happy.
And for the farmers, ethanol now has been fully approved. We spoke with Joni Ernst. We spoke with and, very importantly and we spoke with Chuck Grassley. And the ethanol the whole situation with ethanol that has been going on for so long, for so many years we have that now where its finished, approved, done, and were getting things ready to sign.
Perhaps, Sonny, you could just talk about ethanol for our farmers for a couple of minutes, please.
SECRETARY PERDUE: Youve done a couple of things, Mr. President. Youve you, first of all, committed to and fulfilled your promise of making the E15 year-round. Thats whats really needed to build infrastructure. Thats a 50 percent increase in domestic usage there, which will happen. Good for the economy, good for the air, and good for the ag farmers in that way.
Youve also balanced up the smaller refinery waivers with the farmers and RFS. And once they fully understand what youve done here, theyll be fine, and as they see it implemented.
THE PRESIDENT: Yeah, they seem to be very happy. They deserve to be happy. Theyve gone through a lot. They were targeted by China, as you know. And we took some of the money out of the tariffs $16 billion and $12 billion for the two last years and we gave it back to the farmer. They dont even want it; they just want a level playing field. But they were targeted unfairly by China.
And now China is buying tremendous amounts of product agricultural product. Theyve started maybe Bob Lighthizer could give us just a little update. I noticed that, today, China sent out a statement that the deal is coming along very well, that they expect to have a deal.
Do you want to talk about China for a couple of seconds?
AMBASSADOR LIGHTHIZER: Yeah, sure, Mr. President. We had we had had deputy-level meetings this morning. Secretary Mnuchin and I were going to be talking to our counterparts on Friday, and we think were making great progress. Our as you say, our target is to have a phase-one deal done by the time you go to Chile. And while there are still some issues we have to resolve, were working towards that goal.
THE PRESIDENT: Well, one little example is the farmers. So they were told and I was told, if we could get $20 billion a year in purchase the biggest theyve ever done is $16 [billion], is what Ive heard and what theyve said. If we could get $20 billion a year from China that China purchases $20 billion a year of agricultural product that would be a great thing. So my people had $20 billion done. And I said, I want more. They said, The farmers cant handle it. I said, Tell them to buy larger tractors. Its very simple. (Laughter.) Theyll buy more land and theyll buy larger tractors. But I want more.
And I said, We want $60 billion to $70 billion. And we agreed to $40 [billion] to $50 billion. So they wanted $20 billion, and I got $40 [billion] to $50 billion. And theyve already started buying. And thats just the way it goes. So I want to thank China for that.
And they have started the buying. So while were papering the deal and thats going well we hope to sign it probably in Chile, when we have a summit in Chile, or wherever that may be. But well be able to, we think, sign a completed document with China on phase one. Then we start working on phase two. And actually, things in phase two are easier than phase one, but its so big. Like, as an example, on the agricultural products, its so big that we thought doing phases would be good. But actually, the things in the second phase are, in many ways, a lot easier than the things in the first phase. So well see how that goes.
SECRETARY PERDUE: Mr. President, Im not sure who told you the farmers couldnt handle it, but it wasnt me.
THE PRESIDENT: I think they could. (Laughter.) I want the farmers to come tell me, Sir, we cant produce that much. The farmers dont know that language, right?
SECRETARY PERDUE: Right.
THE PRESIDENT: But we took it from $20 [billion] to potentially $50 billion. It will be bought more more agriculture will be bought product will be bought than any time in our history, by far. Thats on top of the Japan deal that we just made, where Japan is buying a tremendous amount of ag and other things from our country and our farmers.
Our farmers have been great. They never wavered. They said, The President is doing the right thing. Were sticking with the President.
I tell you, I didnt see anybody they looked some of the networks, they looked. They looked all over for somebody that can speak negatively about the President. And those farmers, Sonny, they stopped. They said, Nope, hes doing the right thing. It may be hurting us, but hes doing the right thing. And I think, in many ways, the farmer maybe is going to be the biggest beneficiary of what were doing certainly one of them. I think our country is going to be the biggest beneficiary.
Secretary, could I ask you to talk a little bit about drug pricing? Because weve cut it down a lot.
SECRETARY AZAR: Mm-hmm.
THE PRESIDENT: And we had the first year ever where prices actually went down. And if we had Democrat support, we could get them way down, but we dont have a lot of Democrat support. If you could talk about it, please.
SECRETARY AZAR: Sure. So weve had the third year in a row under President Trumps leadership, of historic levels of approving generic drugs. Those are the affordable alternatives to brand drugs. Were approaching 3,000 generic drugs approved under your tenure. That led to just in the first 18 months of your term $26 billion of savings for people from those more affordable alternatives.
And as a result, we have seen now, for the first time in 51 years, the largest decrease in prescription drug pricing under the Labor Departments inflation index the largest decrease in 51 years.
Were working with Congress, of course, trying to craft a bipartisan package there. I think were in agreement on about 80 percent of the items. Were probably the most flexible party in the negotiations between the Democrats and the Republicans, and try to deliver real savings for the American people.
But were not stopping. Were continuing to work on your scheme to bring drugs in from Canada to import drugs and how we can make sure were getting the same kind of deals for the American senior that other developed countries are getting. As you called it, most favored nation status. So were driving ahead.
THE PRESIDENT: So Ive read for years that other countries have much lower drug prices than we do. So I said to a couple of our governors including Ron DeSantis of Florida, whos very much into it: Go to Canada, where the prices are 50 percent. Buy it from Canada. Well give you the approval. And were working on those final approvals now.
So Canada buys because of arcane rules and because of protecting the middleman and protecting drug companies, frankly, other countries have prices that are much, much lower. You know, more than 50 percent, in some cases. Canadas pricing is much lower.
So I told Ron DeSantis, I told other governors, Go to Canada. Go to other countries. Buy them. Same product. Same exact manufacturer. Many times, theyre manufactured in the same plant, and a pill will cost you 50 percent or less than it does in the United States. That just shows you how bad people have run our country.
And were going to get tremendous price cuts on drugs. And were in the process. And Id like you to speed that up, Alex, if you could. Really speed it up.
SECRETARY AZAR: Okay.
THE PRESIDENT: Because Canada is loving to sell it. I mean, were buying the exact same product for 50 percent. That means people are going to get a 50 percent reduction in drug prices. So and in some cases, substantially more. Its hard to believe how this country was taken advantage of by, frankly, everybody in every different way. Okay?
So, thank you. And Id like to ask Gene Scalia to maybe speak. Gene is a highly respected gentleman and one of the best lawyers in the country. Focused on labor law. And hes now a Department of Labor Secretary. And its great to have you at our first meeting. And thank you. Your first meeting. Im very proud of you. You got through. He got a he passed with a massive majority of a votes. (Laughter.) What was the number?
SECRETARY SCALIA: 53-44.
THE PRESIDENT: Thats considered a massive, massive thats probably the largest number, if you can believe it. (Applause.)
SECRETARY SCALIA: Thank you, Mr. President. Its a great honor to join you, the Vice President, and the Cabinet in the important work youre doing for the American people, including on the economic front. You and Larry Kudlow mentioned some of those numbers, which really are virtually unprecedented. As you said, in some cases, unprecedented unemployment numbers since weve been tracking for African Americans or Hispanic Americans; the lowest unemployment rate for women in generations.
And as Larry said, for those at the lower end of the economic scale, they particularly are enjoying these benefits. Americans who dont have a high school degree have the lowest employment rate weve ever seen. And this has been, in part, because of your efforts to bring about deregulation to free employers to grow, offer more jobs.
I wanted to mention two that were doing at the Labor Department, and theyre both as a result of executive orders that you issued, Mr. President.
The first has to do with what we call association health plans. And this is for small employers who employ tens of millions of American workers. Theyre critical to our economy, but they find it hard to provide reasonably priced healthcare to their workers.
So what we did was we reduced some regulatory hurdles that stood in the way of small employers coming together, forming an association, working with the local chamber of commerce, for example, to provide healthcare through that association. That association can give the economies of scale of a larger company. It has leverage of a larger company. It has other ways that it can tailor the benefits available to these employees at the small at the small employers.
The CBO has estimated that about 4 million Americans would benefit from these programs and that theyll have premium reductions of as much as $2,000 as a result of these plans.
I should say, some disgruntled state attorneys general this has happened before, Mr. President theyve sued over one of your regulatory initiatives. But Im also pleased to say that my favorite Attorney General yours; my former boss Bill Barr, his lawyers at the Justice Department are defending this litigation right now.
THE PRESIDENT: And we should win. (Laughter.)
SECRETARY SCALIA: And weve got a related plan, what we call association retirement plans. And this, again, was a result of an executive order you issued, Mr. President. Same concept: Let smaller employers come together, achieve economies of scale, exercise leverage in negotiating to offer 401(k) plans.
There are about 40 million Americans who dont have a retirement plan, who dont have a 401(k) plan. This will make it easier for them to get those plans.
So, Mr. President, those are two examples of steps that are helping the economy, theyre deregulating, but as Ive described, theyre helping workers get healthcare, get retirement coverage.
THE PRESIDENT: Thats a big thing on the 401(k), Gene, too. Thats very important. Thank you.
Kellyanne, you were going to say about buy-back?
MS. CONWAY: Yes. Thank you very much, Mr. President. Because of the focus that you and the First Lady and the entire Cabinet and this administration have placed on combatting the drug supply/drug demand crisis in our nation, we are happy to report the first decline in 30 years of overdose deaths due to drugs a decline of 5.1 percent overall falling off of its peak in some of our states, up to 24 percent. A 24 percent reduction in overdose deaths in Ohio and 23 percent in Pennsylvania. Weve got about 19 percent in Iowa, 17 percent in Kentucky, 11 percent in New Hampshire, and 9 percent in the hardest-hit state of West Virginia.
THE PRESIDENT: Those are really incredible numbers, folks. I mean, youre not going to report them, so were just wasting our time.
MS. CONWAY: Perhaps they will. But it may
THE PRESIDENT: Those those are great numbers.
MS. CONWAY: But this battleship is turning in the right direction, albeit slowly.
But, Mr. President, the most significant bipartisan accomplishment, in my view, of your presidency was HR.6. Were on the year anniversary of HR.6. Every single Democrat voted for HR.6, including the ones running for President. It is the largest investment of billions of dollars in prevention education, treatment, and recovery, and surveillance, and interdiction in our nations history on any one drug crisis.
Part of the education and equipping America is called Take Back Day. The Drug Enforcement Agency, the DEA, runs two Take Back Days each year. The next one is this Saturday.
Since the Trump administration got into office, weve collected 4.6 million pounds of unused prescription drugs. Let me repeat that: Its not four just 4.6 million drugs; that would be something. 4.6 million pounds. Thats the weight of 18 Boeing 757 aircrafts just collected. So it is a drug supply and a drug demand crisis.
We have partnered with over 5,000 law enforcement agencies. And due to private sector partnerships with CVS, Rite Aid, Google, Walgreens, Walmart, and the rest, we have 8,300 total sites nationwide now that Google will map out for us. So if you just type into the computer, Take back my drugs, return prescription opioids, they will show you locations in your area and tell you how to drive or walk there. And its a safe way of returning your drugs. I think its a more convenient and more compassionate way for people to return unused, unneeded, expired pills. That happens on Saturday.
The Cabinet has been so consistently and so deeply involved. And I want to thank each and every one of them for this effort, and Mr. President, as well as the First Lady and you.
Also, Im happy to report that CVS has fulfilled its commitment to double the number of Take Back sites. And in our effort to make every day Take Back Day, people dont need to wait any longer for every six months. Walgreens, CVS, theyve got sort of safe delay safe site, safe safes, where youre delaying the distribution of pharmaceuticals to make sure its going to the person its intended to go.
Im happy to report the NFL, two weeks ago, sent out a message to all of its NFL clubs, equipping them to show our Trump administration public service announcements on Opioid Take Back Day, along with graphics. And the NFL Network is involved.
And finally, Major League Baseball, last week, agreed to show DEAs Take Back Day public service announcement this Friday during the World Series.
Thank you, Mr. President.
THE PRESIDENT: Thank you very much, Kellyanne. Take Back Day is a big deal. And theyve been talking about it for a long time. Nobody has ever done it. But it is big.
And Alex wanted to mention just one additional thing. Go ahead.
SECRETARY AZAR: Yeah. Just on the deregulation agenda, deregulation is a its a key part of that great healthcare that you promised the American people, this vision of a personalized, affordable patient-centric system that puts you, the patient, in the center and in control, and treats you like a human being, not like a number. Because if youre focusing on the bureaucracy, thats not focusing on the patient.
So weve delivered $12.5 billion of regulatory savings. Thats over half of the entire government. Ill give you an example. We have freed up 40 million hours of doctor and nurse time to not be doing paperwork. Forty million hours have been freed up that they can spend with patients instead. But theres been incredible change, and were going to able to just keep delivering that level of deregulation each year.
THE PRESIDENT: And something that some people think could be as big or bigger than healthcare is transparency. Were doing transparency. And did you want to give just a one-minute update on that transparency in pricing and transparency on the quality of your doctor?
SECRETARY AZAR: Sure. Yeah. So, this is something the President has often said that transparency his initiatives on transparency could be bigger than any kind of healthcare individual healthcare plan that you might have. What he means by that is, what we have proposed is making all of a hospitals rates what they have negotiated with the individual insurer transparent and available so that you, the patient, would know, before you go to the hospital, what something is going to cost you on your actual insurance plan.
And then well do that with insurance regulations so that your insurance company will send you, before you go to the doctors office, an advanced Explanation of Benefits that tells you the list price, the negotiated price, and what youll pay out of pocket. Were going to make this information available to you, as individuals. This is going to empower you. This will shake up the entire healthcare system to put the patient at the center so that you have the right to create a real consumer experience in healthcare, unlike what weve had for the last 50 years.
THE PRESIDENT: And just to end, as our as our trade deals start kicking in these trade deals are incredible. Whether its North Korea, South Korea North Korea is going to be probably, something is going to be happening with North Korea too. Theres some very interesting information on North Korea. A lot of things are going on. And thats going to be a major rebuild at a certain point.
And South Korea is getting much more involved with us than we ever thought in terms of the economy and in terms of the trade deal. A lot of money is being spent over there, and theyre going to be doing it through us. Theyve been doing tremendous purchases. We had a tremendous deficit with them. And were slowly eating away at these deficits. We had deficits with everybody.
But as the trade deals start kicking in with China, especially phase one with the farmers and with the banks the banking system, financial services as they start kicking in, youre going to see a tremendous difference in the economy. The economy is already, by far, number one.
So, if I werent elected, by right now, China would be the largest economy in the world. It was expected. It was said by many people that China would, right now they were expecting around the second year of this term. Not only arent they the biggest economy in the world, but they are way, way, way far away. We are much bigger than the China economy. And were getting bigger, and theyre not.
Now, they have 1.4 billion people. I guess youd call that an advantage. But we have an economy like no other. I think we have the strongest economy weve ever had. And I think if you add the economy, the military, and all the other things that weve done, theres nothing like it. But when trade deals start kicking in and, as I said, the South Korea deal did kick in, and things are happening with that that are very positive. But as they kick in, youre going to see tremendous numbers, tremendous changes. Because the trade deals we had were so pathetic. They were so bad. I used to sit back and say to Lighthizer, How did somebody actually negotiate these deals? How did they even negotiate them?
This was done at a level that its not even understandable why people were allowed to do it, how they were allowed, how they got passed. But were making great deals. And when they kick in, the economy, as good as its been doing and I think, Larry, I can say, that as good as its been doing, its going to be even better than that.
So, our country is doing fantastically well, perhaps better than ever before. Thank you all very much. Thank you very much.
END
12:54 P.M. EDT
Q Sir, is it a forgone conclusion that the House will impeach you?
THE PRESIDENT: On Iran, what? Say it? What? What do you mention the word impeach?
Q Sir, do you believe do you believe its a forgone do believe that its a forgone conclusion that the House will impeach?
THE PRESIDENT: Well, I think they want to. Any Democrat wants to because theyre not going to beat me in the election. So, of course, they want to impeach me. Why wouldnt they want to impeach me? Its so its so illegitimate. It cannot be the way the Founders our great Founders meant this to be.
Why does USMCA have to go before the House? Isn’t it a treaty?
The USMCA is a signed but not ratified trade agreement.
Mexico’s legislature has approved it and Canada is just waiting on D.C. and Pelosi to bring it to the floor for a vote. Our Senate seems on board but of course nothing constructive is getting done because of the obsession with impeachment.
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