At an event at the White House on Wednesday, President Trump spoke about the economy.
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00:00100 days ago this week we inherited the wreckage of four years of economic
00:05disaster under the previous administration. It was an economic
00:09disaster. It was a disaster at the border like nobody had ever seen before and you
00:15probably see we've closed up the border 99.999% meaning three people got in,
00:21three. As opposed to hundreds of thousands of people coming in on a
00:32monthly basis, millions of people actually, the periods where we had
00:35millions and millions of people pouring in on a monthly basis, we had three
00:39people. They buried companies in crippling regulations, wage war on
00:45American energy, pushed massive tax hikes and gave us the worst inflation in the
00:50history of our country. In Biden's final year the United States had the worst
00:55trade deficit ever recorded and we lost 106,000 manufacturing jobs. Other than
01:01that he's done a fantastic job. But now all that is changing and all that's
01:06changing very fast because we finally have the president who wants to put our
01:12country first. You have a president who believes in America first. In the first
01:17quarter GDP numbers just out today. Core GDP now we're removing distortions from
01:24imports, inventories and government spending was up plus three percent. But
01:30this is Biden's economy because we took over on January 20th and I think you have
01:36to get us a little bit of time to get moving but this is the Biden economy. But
01:42we still had a and we've had a lot of things happen since November 5th that
01:47helped this economy because it was indicating a strong private sector growth
01:52and it was only it only started after November 5th. The private sector started
01:58really heating up after the election even though I wasn't there people knew what
02:02we were going to be doing and the private sector growth was actually very good.
02:06Very importantly gross domestic investment was up an incredible 22% which they had
02:11never seen before. Every new investment every new factory and every new job created
02:16is a sign of strength in American economy and a declaration of confidence in
02:22America's future. We really do we've never seen anything like this even Samsung
02:27which whose name isn't mentioned here but I heard that they announced this
02:31morning that they're going to be building a very big plant because they want to be
02:36able to beat the tariffs. It's still nowhere to beat them. The entire Trump
02:41economic agenda is about making it easier to do business in America to create jobs
02:46in America to hire American workers and to build your factories here in America
02:50not in China or any other country. And we're dealing with many many countries
02:56right now I will say and I think I can say for Scott and for Howard and for some of
03:03the people that are dealing there are too many to handle I mean to be honest with
03:08you I'd have to hire about I'd love to hire some of the people running these
03:12companies boy would you do would you do a good job they could have Jensen
03:16negotiate he'd blow my people away wouldn't you I think even Howard even Howard
03:21would say that Howard would say he will take him he'd blow him away with big
03:25deals one one deal would be the end that would be it