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00:00Thank you, Mr. President. This is this is an extraordinary day. This is an issue that, you know, I grew up in the Democratic Party and every major Democratic leader for 20 years been making this promise to the American people. This was the fulcrum of Bernie Sanders runs for presidency, that he was going to eliminate this discrepancy between Europe and the United States.
00:27But as it turns out, none of them were doing it. It's one of these promises that politicians make to their constituents, knowing that they'll never have to do it. And the reason they'll never have to do it is because they know that Congress is controlled in so many ways by the pharmaceutical industry.
00:46There's at least one pharmaceutical lobbyist for every congressman, every senator on Capitol Hill and every member of the Supreme Court, by some estimates three pharmaceutical companies, the industry itself spends three times what the next largest lobbyist spends on lobbying.
01:05So this was a this this was an issue that people talked about, but nobody wanted to do anything because it was radioactive.
01:14They knew you couldn't get it by Congress. We now have a president who is a man of his word, who has the courage.
01:23President Trump was taking money from the pharmaceutical industry, too. I think they gave you 100 million dollars.
01:29But he can't be bought, unlike most of the politicians in this country. And he is standing here for the American people.
01:38I don't know what you know, there's there's writers like Elizabeth Warren or Robert Reich who are saying that President Trump is on this side of the oligarchs.
01:48There has never been a president more willing to stand up to the oligarchs than President Donald Trump.
01:56And I'm very, very proud of you, Mr. President, for your courage for I'll say, because I don't want to be crude, your intestinal fortitude, your stiff spine and your your willingness to stand up for the American people.
02:13We have four point two percent of the world's population. We rep our country represents 75 percent of the revenues for pharmaceutical companies.
02:24We spend in our country eleven hundred and twenty six dollars per capita on drugs in Britain.
02:33They spend about 240. They spend one fifth of what we do. And this is true across Europe.
02:40And this and the drug companies, Europeans, if you ask them, it made no sense what they are saying.
02:46America has to pay for this innovation or it's not going to happen.
02:50President Trump is saying to our European partners is you've got to raise the amount that you're paying for those drugs and pay for your share of the innovation.
03:00That the United States is no longer subsidizing that. If the Europeans raise their at the price of their drugs by just 20 percent, that is ten trillion dollars.
03:12That can be spent on innovation and the health of all people all across the globe is going to increase because we're going to have better products.
03:22So I am I'm just so grateful to be here today. I never thought that this would happen in my lifetime.
03:29I have a couple of kids who are Democrats or big Bernie Sanders fans.
03:35And when I told them that this was going to happen, they had tears in their eyes because they thought this is never going to happen in our lifetime.
03:43And we finally have a president who's willing to stand up for the American people. Thank you. And Dr. Oz.