Editor’s Note: Speaking in Suffern, New York, President Donald Trump addresses a crowd of supporters in Rockland County to detail his administration’s economic policies, highlighting record stock market milestones like the Dow Jones hitting 50,000. He contrasts his tax cut initiatives, specifically referencing the restoration of state and local tax (SALT) deductions, against opposing Democratic policies. Throughout the remarks, he emphasizes a commitment to lowering the cost of living, securing borders, and revitalizing New York’s economic framework. (May 22, 2026)
TRANSCRIPT:
PRESIDENT TRUMP: Thank you very much. They said the weather was going to hold us back. The weather’s holding us back. I want to thank Jackson, George. This is going to be a future Hall of Famer in my book. Thank you. Thank you, George. A lot of talent.
Trump Expresses Love for New York
And a very special hello to a place that I really do love. It’s called New York. I’m going to straighten this place out. I’m thrilled to be back in this incredible state with the proud, hard-working patriots of the area of Rockland County. I was born and raised in New York State and my heart has always been here. I love this place and we’ve got to straighten it out. We’ve got to get it back. We’ve got to get it back. We’re not going to let this happen. We’re sending a lot of money your way. We’re going to get it back, but we need talent. That’s why we have some of the people that you see right here. We have a lot of talent, a lot of political talent.
From the beginning, this was a symbol of American excellence and American grit and really the American dream. And New Yorkers are people who built Wall Street into the world’s financial capital and turned Broadway into the heart of American culture and entertainment who dug the Erie Canal. You know what the Erie Canal is? Big stuff. And launched a thousand innovations that built really the middle class, the middle class of our country. You really built the country.
Trump on Bad Policies Holding New York Back
Unfortunately, in recent years, this state’s been held back by bad policies, bad politicians, and foolish, radical, left idiocy. It’s crazy what’s going on. But under the Trump administration, we’re doing everything we can to bring New York back and bigger, better, stronger than ever before.
Trump Praises Bruce Blakeman of Nassau County
And I’ll introduce him in a second, but you have a guy named Bruce Blakeman. Let me just say, he’s a friend of mine for a long time. He won in landslides in Nassau County. If you know Nassau County, it’s all Democrat. He’s a Republican, and he won in landslides. And he just had the biggest election in the history of Nassau County as a Republican. And he’s very conservative, by the way. I don’t want to scare you. He’s right here. Bruce, I’m going to introduce you in a second. You better get ready, Bruce. He’s going to win. He’s going to win.
You know, when he ran years ago, he ran in Nassau, they said, you’ve got to be kidding. It doesn’t happen. No Republican wins in Nassau. And he ran, and he won. And you better watch yourself. You better watch yourself, Cathy. He’s got a race. He’s got a big race.
Trump on Mike Law and Getting Salt Back
So we’re going to start turning New York around. I’m going to work with Bruce. I’m going to work with the whole group in New York. We’re going to work with Mike. Mike Law is fantastic. He is a fantastic… I call him Mr. Salt. He didn’t stop. He wouldn’t stop. He was driving us crazy. We have to get salt. We have to get salt back. And he got it back. And he’s a terrific guy, and you’re lucky to have him. I’ll tell you, he loves you. He loves his… He loves his place. Mike. Great. Great, Mike.
Trump on Companies and Wealthy Residents Leaving New York
It’s… Terrible things are happening. However, we have to take the good with the bad. Companies are leaving. Rich people are leaving. People that pay a lot of money. All these rich companies, big, fat, beautiful companies, they have jobs and they have money and they’re taking… They’re leaving and nobody’s stopping them from leaving.
New York can never… If we don’t stop this, and I’m for you, and I’m helping you in Washington much more than I’m supposed to be helping you, believe me, New York can never be the same if it’s losing its tax base and the people that pay 85% of the taxes are leaving. And we’re taking in the illegal immigrants. Oh, they’re wonderful people, but they’re not paying anything. They’re taking your money. They’re taking your money.
The people that pay 85% to 90% of your taxes are leaving. And you know, when they go, they never come back. They never come back. Nobody calls them. Nobody does anything. Nobody talks to them. Nobody says, “Please don’t leave. We’ll give you a tax effect. We’ll do anything. Don’t leave.” But they’re leaving. They’re going to Florida. They’re going to Tennessee. They’re going to Texas. They’re going to South Carolina and North Carolina. They’re going all over the place, but they’re leaving and we can’t let it happen.
It’s a great place. We can’t… Bruce will stop it. Mike will stop it. They’re all going to stop it. They’ll bring them back.
A Special Honor for Local Families
On top of that, the streets are dirty. The crime is out of control. We have a family here that’s so incredible. Really two families. We have somebody else. We’re giving them the Presidential Medal of Freedom. Something we’ve never done for this reason, but the mother is here of a great young man. We’re going to give him a very special honor.
The Save America Act
Think of it. We want to get the Save America Act passed now.
USA! USA! USA!
Think of the Save America Act. It’s voter ID. Who’s against voter ID? You ever seen the Democrat National Convention? Those are Democrats. Democrats. They’re Democrats. But you ever see it? They have cards on them. For the Democrat National Convention, cards like bigger than your chest. Name, address, everything you want to know about a person. They might even have a social security number. That’s to get into their convention. But for voting, you’re allowed to go in, right? It’s horrible.
So it’s voter ID. It’s proof… A little thing called proof of citizenship. And mail-in voting is a disaster. If you have a military, if you’re going to be away, if you’re not feeling well, if you’re in any way disabled, absolutely we have it. We’ll be very generous. But generally, you’ve got to go and vote. Otherwise, it’s a rigged system. And that, in a nutshell, is the Save America Act. Not very complicated. Think of it. Voter ID. Think of it. Voter ID, proof of citizenship, and mail-in ballots are gone, except if you need it.
No Men in Women’s Sports
Now, I added two best ofs. No men playing in women’s sports. That doesn’t even matter. No men. Right? I’m looking at Jackson. I’m looking at Jackson. I’d like to know, is there any woman in the audience that thinks they can tackle that guy? I’d like to meet you. I’d like to shake your hand. I don’t know. Jackson, you think you can play against women? Okay. Do you think you’d have any problem? I don’t think so. Well, don’t get involved, Jackson. Don’t get involved, Jackson. Don’t answer that question.
Now, I’m looking at the legs there. He’s this beautiful guy. He’s got legs like tree trunks. This is not a good thing for women. This would not be good. No, it’s not good.
Open Borders, Sanctuary Cities, and Crime
And we don’t want open borders where prisoners foreign from other countries all over the world, they call it, and we don’t want open borders. We don’t want sanctuary cities where you have sanctuary for criminals. We don’t want it. We don’t want transgender mutilization of your children, if that’s okay. We don’t want it.
But, you know, I looked at a story, I read a story yesterday, where the pharmacies, they’re going out of business. They have glass all over the place. You want toothpaste, you have to open up, you have to get a worker to open up the thing, and they open, and they hand them a toothpaste, and in the meantime, other people are waiting to steal it. They got the guy, they were saying a guy, right here, Mr. Lutnick said, Mr.
Retail Theft and Lawlessness in Democrat-Run Cities
Lutnick, he’s a rich guy, but he was in a store, and he noticed when he was in a drugstore, the people with duffel bags, they’re putting crap in a duffel bag and walking, and the clerk says, “You’re not supposed to be doing that,” and the kid said, “To hell with you,” and walks out. And if the clerk does anything at all, they arrest the clerk.
How screwed up is our country? How the hell do you make your money if you gotta open up glass, expensive glass, to give somebody a toothbrush, or to give somebody some toothpaste? That does not sound like a good business model. You have empty stores. The whole thing, we gotta change it.
Now, the way you stop that, you know how you stop that? You come down hard on those people. Hard. One day, you can solve that problem all over the country. You just come down so hard that they never forget it and they’ll never do it again. They’ll never do it again. It’s horrible. What’s happening is horrible.
And it’s all in the blue cities, you know, it’s all blue, the 25 worst cities are blue. Blue means Democrat.
On Hakeem Jeffries and Democrat Policies
That’s a new name I came up with, you’ve never heard. I was thinking about this character we have in the house, his name is Hakeem Jeffries. And he’s a low IQ person, very low IQ. And I watched what he was saying and watched the horrible things he was saying and I said, “He’s a dumb guy.” I said, “Wait a minute, he’s a Democrat.” That’s how I got the name.
You take the E out, you don’t use the B — a lot of people don’t know “dumb” has a B in it. You don’t need it. You discard the B. But you take the E out and you replace it with a U. They’re dumb. They are Democrats. You know why? Because their policies are dumb. Their policies are very dumb.
All of their policies — and you see they did an autopsy on why they lost the election. And they said you lost the election because of Trump, primarily. But other than Trump, you lost the election because you had crappy candidates and you had bad policy and they didn’t know how to speak properly and they weren’t smart people and various other reasons.
They spent $10 million for the autopsy. It was called an autopsy. And they had typos. They had typos in every other sentence. They had misspelled words. They had comments in the wrong location. They gave them $10 million for the autopsy. I could have given them the autopsy without any charge at all.
I said you had one candidate named Sleepy Joe Biden. What’s a better name? Sleepy Joe Biden or Crooked Joe Biden? Ready? Who likes Sleepy Joe Biden? Who likes Crooked Joe Biden? They’re both pretty good. Who likes Crooked Hillary? Daniel.
Supporting Law Enforcement and Turning New York Around
But you know we have another problem because we have the great law enforcement. I met a lot of your law enforcement back there. They’re incredible. But law enforcement, I love them. I got 99% of law enforcement votes. Can you believe it? And we’re trying to figure out who were the 1%. We want to figure out who the hell were the 1%. Who would vote for Kamala? Who would vote for Sleepy Joe?
But even the police are leaving. They’re going to Florida, Tennessee, Texas. They’re going all over the place, where they are really given respect. And respect — they have our respect. They have everybody in this room’s respect. It’s this radical turnaround. And we better do it fast because we’re not going to have a New York left. And we got to have a New York left.
And you really can. Guys like Mike Laws. Guys like Bruce Blakeman. You put them in, they’ll turn it around. Bruce will go down to Florida. And he’ll talk to all those companies that are leaving. He’ll get them to come back. He’s going to get them back. It’s not easy.
It’s a lot easier to stop them from leaving. Don’t you think, Bruce? But it’s a campaign that I promised that I would cut taxes. I had a big, beautiful campaign. We won in a landslide. We won every swing state. We won by millions of votes. We won the electoral college in a fortune. But we had another thing that we won. 86% of the counties in America. Think of it. That’s why the map is all red except for two blue stripes. And those were rigs, by the way. They were rigs. They were rigs. We had rigged elections.
Tax Cuts and the SALT Deduction
But I cut your taxes. I cut the taxes on workers, families, small businesses who are the soul of this state. And I made special promises that I would save you thousands of dollars a year by retiring. And we did that. Your state and local tax deductions. And what did we save? Your salt deduction. We brought it back. This is salt. This is salt. Where’s your hat, Mike? He’s got a hat calling himself Mr. Salt. There it is. Beautiful. I think I’ll take one of them.
But he did. He didn’t stop. This guy was a pain in the ass. It was terrible. He didn’t stop. But he did. You’re lucky to have him in this community, I can tell you. And he had some good help from Republicans, right? Good help from Republicans. But with the help of your great congressman, guess what happened? We got your taxes cut. Not only from the standpoint of salt, but your taxes were cut. Your take-home pay is short. And all of the other things that we did.
When you look at what we’ve done, and my motto is promises made, promises kept. And here in Rockland County, the typical owner, you know, your typical homeowner loses over $15,000 each year alone because of your state taxes. They’re going to cut your state taxes in half, in more than half. They will do things that you won’t believe. And you know the bottom line is? The state itself will make more money than it made before I did it.
The Greatest Economy in History
I cut tremendous amounts of taxes in my first term. We had the greatest, most successful economy in history. And by the way, we’re blowing it away in this term. So, today, today, today, we just, an amazing thing happened. They said it couldn’t happen for four years. An amazing thing. The Dow Jones hit 50,702. And the S&P is way over 7,000. So, these were two things that they said you won’t be able to do. When I first got elected. They said you won’t be able to do that. There’s no way he’s going to be able to do that in his first term. Which is my first term of numerous terms.
By the way, you know we’re a three-term president. We just don’t want the results. We don’t want, we won three times. But we only want the results of the first and the third.
CROWD: Four more years! Four more years! Four more years! Four more years!
TRUMP: We have a hat. And the hat says it’s four more years. It drives the radical left lunatics crazy.
Savings for Rockland Residents
But we did all of the different things. And we’ve saved you from $10,000 to $40,000 a year, the people in Rockland. On average, over one million New Yorkers claimed a deduction this year. You’re able to write off nearly $22,000 on average. Putting thousands of dollars back in your pocket. And these are all Republican tax cuts. The Democrats voted against every one of these tax cuts. Every one.
They voted, as an example, in favor of open borders. They voted against the border. They voted against the wall. They voted against the sanity of when we talk about men playing in women’s sports. I’ll tell you how ridiculous it is. That’s why I love having Jackson, because it’s so easy. I just say, how would you like to play against them? But we have even better Jackson. We have a weightlifter. He was a failed male weightlifter. And then he decided to transition to the other side.
The Weightlifting Story
And they had a major, major contest. An Olympic tryout. And they had a young woman who was really good. She was one of the greatest ever. And she could lift 204 pounds over her head. And the record stood for 17 years, Jackson, 17 years. And she was going to break the record. It was a big record, but she was going to break it.
And they took an eighth of an ounce, and they put it on one side. And they took an eighth of an ounce, and they put it on the other side. And her parents were right where you are. Your parents are right where all your parents are. Even if you weren’t up there, you are. Good job, you did. Good job, mom.
And they had this beautiful young weightlifter. Female, real female. This was a real female. So she had an eighth of an ounce, an eighth of an ounce. She had like 208 pounds. And she was going to do it, and her parents were so proud. Her father knew she couldn’t do it, but the mother taught her. A typical mother, the father was sort of not so sure. He loved his daughter, but he wasn’t sure.
And she bent over, and she lifted that sucker, and she pulled it up, and she was getting close. And she could barely, and the mother was screaming, “Come on, darling, you can do it. 17 years is good. Come on, darling, you can do it.” And she got it up to here, Jackson. She was almost, “Come on, darling,” the mother. The mother was almost gorgeous. You know she’s not going to do it. And the mother’s screaming, “Come on, darling, I love you so much.” “Mom, I love you. I love you.” And she couldn’t do it. Boom, it dropped.
And then there stepped this young transition person. You know, I’ve gotten very good with the words. It took me a long time. I used to get criticized. He was a transition person. And he stepped up. Now, he was the failed lowest of the low of the male weightlifters. And he stood up that way, you looked at him. He could have done it four or five times, shouldn’t he? He broke the record by over 100 pounds. Isn’t this ridiculous?
The First Lady’s Advice
Do you want to hear the swimming story or not? You know, my wife, the great first lady, number one. Number one movie, do you believe it? I don’t like successful people in the family. Now, you can only have, remember this, one star in a family, it doesn’t work like that. She did a movie, number one movie, you saw that? Then it went streaming, the new thing, streaming, with number one streaming.
But she says, “Darling, please, you speak so beautifully, would you do me a favor? Don’t do the swimming story, don’t do the weightlifting story. It’s so damn unprecedented. And also, darling, when you’re leaving, and they have that song, the gay national anthem, if you remember.” That’s why I did so well with the gay vote, I think, because of that song. I did great with the gay vote, better than any Republicans ever done by far.
But my wife, the first lady, very elegant woman, that’s why people of the women went to see that movie 15 times. Okay, ready? She said, “Darling, don’t dance. It’s not presidential. Don’t do the weightlifting thing, it doesn’t look good. Don’t do the swimming thing.”
The Swimming Story
So I’ll do the swimming thing, shall we? I’ll do this. A young Olympian, very beautiful Olympian swimmer. And, you know, it’s sort of like the pyramid, all the great people, they swim against each other from the time they’re five years old. You know, it just works that way. They’re better, whether it’s golfers or players, baseball, football, football players. You were great when you were four years old and could throw a ball better than anybody else. But the truth is, it’s always worked that way.
The Story of the Swimmer
This young woman looking for the Olympics, and she knows all the girls on the right and all the girls on the left. And she’s so proud, she wants to qualify. She’s really a champion swimmer. And she looks to the left. You’ve heard the story. Six girls. And she knows every one of them. She looks over there, you know, and everything’s good. Hi, hi. And you know she hates them because, you know, they’re competitors.
Then she looks to the right and sees six people. And she knows five of them, but there’s a person just on her right who’s gigantic. It’s a gigantic person. And she’s looking up at him. At her. That could be the end of my political career. That could be. You cannot do that. You cannot. You cannot say looking up at him. So she’s looking up at her. She’s so big. I’ve never seen anyone. I’ve never seen anyone. And he has a wingspan sort of the size of Shaquille O’Neal.
Go on demand. Go on demand. Go on demand. Take him home to Mommy. He’s going to be… You know what he doesn’t say is his mom’s watching the television right now and she’s loving it.
Anyway, so you have this person. And you know what happened. The story’s very, very famous actually. That she was very severely injured. You know what injured her? Windburn. Because he went by her so fast that she got tremendous windburn in the back of her head. That she got tremendous windburn in the pool. Then he finished up the race and he rested while the other girls came in. And it was a very sad occasion.
Common Sense in Politics
But to think that 15 years ago, 20 years ago. Could you imagine saying we will not allow men to play in women’s sports. Could you imagine saying in transition. Transition. Could you imagine saying we will not allow the mutilation of your children. If you said that then say what’s wrong with that person. Why did they talk to you that way. Today you have to say it. Because they do allow in certain places. Still, we’ve cut a lot of it out. Most of it. They allow the mutilation of your children. And we don’t allow that stuff. And we’re going to get it the hell out of here.
Whatever happened to that guy. I tell people please don’t do it. It’s dangerous. To do it in this crowd is not a good thing. You don’t want to do it. Do you remember originally. I used to have a lot of that. You know the first couple of months. I’d have people screaming. They learned it’s just not a good thing to do. It’s not good. It’s sort of dangerous. And of course. I like things that aren’t dangerous. I don’t like to see people get whacked. I don’t like it. So don’t do it.
But we used to have it all the time. My first month or two. Oh boy guys would start screaming. We hate you. And then all of a sudden it got less. And now it never happens. That’s the first time it’s happened in a long time. That’s the first time it’s happened. In a long time.
A Movement Based on Common Sense
You know they’ll take these deductions and tax cuts away. They’ll raise your taxes. And they’ll. I’ll tell you what. We won all my life. I went through life watching politics. I love politics. I never thought I’d be a politician. Can you believe I’m a politician. I hate the sound of. But remember. Well I had a good night the other night. We knocked out a bad senator from Louisiana. We knocked out Matthew. A horrible. One of the worst. We knocked out somebody in Georgia. Raffensperger. We knocked him out. We knocked out everybody. We were 38 and 0. Think of that. 38 and 0. Who’s 38 and 0? We haven’t lost one in years. You wouldn’t know the truth. We have.
Let me tell you. You know. It’s a movement based on common sense. Not that it’s conservative. It’s conservative maybe. But it’s a movement based on common sense.
Strong Military, Strong America
We want strong borders. We want good education. We want low taxes. We want a strong military. How good is our military? Now we’re doing very well by the way.
Well first of all. Venezuela. Now Iran. Their navy’s gone. Their air force is gone. Everything’s gone. Their leaders are gone. And if you read the fake news, you’d think they’re doing just fine. They’re not doing just fine. They want to settle so badly.
We have the greatest military. I just got back from China. President Xi. Good man. Well we had an amazing time. But even he had to say, “Your military is unbelievable. This is ahead of China.”
We have built. I built the greatest military in my first four years. And I didn’t know it was going to be used again this month. But we used it. And there’s nobody like our equipment. There’s nobody like the stuff we produce. But most importantly, there’s nobody like our military men and women. There’s nobody.
Democrats vs. Tax Cuts
But all my life I’ve watched politicians. And until this last eight or nine years, they have Trump derangement syndrome. They’re all screwed up. Their wires are all mixed up. The Democrats, they always used to say that we will lower your taxes. Everybody. Republican, Democrat. “We will lower your taxes. We’re going to lower, lower, lower your taxes.” Now they don’t do that. They want to raise your taxes. The Democrats, they want to raise your taxes.
Never forget. Not a single Democrat in Congress voted to raise the SALT deduction. Mike Lawler and all of his friends sitting up here fought them. And they voted against it. And by voting against the great big beautiful bill, one of the greatest pieces of legislation, probably the biggest ever passed, because we put everything in four years. That was my idea. I said, “Let’s add everything, because these people are crazy. We might not get another chance at it.” We added everything into that. That’s four years worth of legislation. That’s why we got the great big beautiful bill.
No tax on tariffs. No tax on overtime. No tax on Social Security for the seniors. The Democrats voted for open borders. And if they get in, you’re going to have open borders again. You’re going to have millions of people coming in. They voted for men in women’s sports. They voted against the largest ever investment in school choice. And they wanted to get making interest payments on your auto loans tax deductible. That’s what you have if it’s paid in America.
Interruption in the Crowd
So, oh we have another little disturbance back there. Hello. Hello everybody. That’s okay. It’s already cleared up. What are you doing back there to these people? Boy does that get cleared up fast. The guy raises his hand, starts screaming something and within about two seconds it’s over. What happened to him? Don’t hurt him. Don’t hurt him. Don’t hurt him. I do that for legal reasons. That’s a great thing to say. “Do not hurt him under any circumstances.” And now I can say I’m innocent.
Tax Cuts and Economic Benefits for New Yorkers
They voted against the Trump accounts which provide automatic contributions of $1,000 for every newborn child. So they end up being quite wealthy. And our record tax cuts are projected to raise incomes for New Yorkers by over $8,000 on average. We’re going to boost household take home pay for you, the people of the room, over $12,000 and protect more than 405,000 New York jobs.
And we’ve got to protect the jobs. We can’t let that happen. I just say it again and again and again. You can’t let these companies go. These industries, “Oh we don’t like the companies.” They’re the ones that supply you with the money and the jobs and everything else. You’ve got to cherish those companies. Whether you like them or not, you’ve got to.
Last month the IRS issued the largest average tax refund to New Yorkers in New York history. Think of it. You got back the biggest. You got back the biggest refund that you’ve ever had.
America Is the Hottest Country in the World
And that’s all over the country, by the way. But I was with the king of Saudi Arabia two years ago, and he’s investing over $2 trillion here. We have $18 trillion coming in. But he said, and you might have heard this a short time ago, he said, “Mr. President, it’s amazing. Two years ago you were a dead country. Dead country, dead. We never thought anything was going to happen that could be good for your country. You were a dead country with a leader that was a not smart person. You were a dead country, and today you’re the hottest country anywhere in the world.”
It’s true, we’re the hottest. We’re respected by everyone. We’re respected by everybody.
Record Stock Market Highs and 401k Growth
The stock market has just said 68 times during my short, little bit more than a year — 68 days we hit all-time record highs since the election, adding $9 trillion in value to your savings and retirement accounts, 401ks. Your 401ks — does anybody have a 401k? Well, your people are going to vote for me then. There’s no way. Will anybody with a 401k vote against Trump? No. Thank you. It’s always risky to ask that question sometimes. It can be a very dangerous way.
But since I took office, the typical 401k is up more than $30,000. And I’ve created 300,000 jobs in the last two months, expanding all expectations. Remember this. Right now, more people are working in the United States than at any time ever before, by far. And in 16 months, we’ve lifted nearly 5 million Americans off of food stamps.
Tariffs: My Favorite Word
And thanks to my strong tariff policies — now, I get into a lot of trouble with tariffs because, you remember when I first came out? I love tariffs. And I said, “I love tariffs. It’s my favorite word in the whole dictionary. I love the word tariff.”
And the fake news — look at all of them back there. That’s a lot of fake news. That’s a lot of fake news. They’re all over the place. They’re all over the place. I’ve got more fake news. You know, they hate me, but why do they cover me? But I said, “My favorite word in the dictionary is tariff.” And they got after me. They said, “He’s a horrible human being. What about family? What about God? What about religion? What about love?” So now I can say it’s my fifth favorite word, and I’m OK.
But because of tariffs, we brought numbers into this country. In other words, if you make your product outside of the United States, to get it in here, you have to pay a big tariff. So what do they do? They build their factory in the United States. And even New York, with your bad policies, we have people coming here. I’m trying to get them to come to New York.
Cutting the Trade Deficit by 59 Percent
We’ve also cut our gaping trade deficit by — OK, if you cut a trade deficit by 1%, a half of a percent, you’re a genius. I’ve cut it by 59%. Because of tariffs, because of the money we’re making. Is that right, Mr. Lutnick? Secretary of Commerce is here. Looks good, looks handsome. Reasonably. And he doesn’t look like Jackson. I’d rather look like Jackson. I’ll take Jackson any day.
Manufacturing and Construction Boom
Under our leadership, factory construction is up. New residential construction is way up. And consumer spending is way up. American companies are ordering core capital goods to expand their operations at the highest rate in the history of our country.
And last year, General Motors announced a new manufacturing investment of a billion dollars in upstate New York to produce V8 engines, which they never would have done here. They were all made in Germany and other countries. Now they’re making them here because if they don’t, they have to pay a big penalty. And they’re stamping them and buying construction made in the USA. Made in the USA.
Chobani is building a $1.2 billion dairy plant in Rome, New York, the largest investment in the history of the company — big company. And Micron. Boy, Micron’s great. They’re investing hundreds of millions.
Ending the Electric Vehicle Mandate
In fact, it’ll probably be, could be very close by the time they finish out, over $100 billion in Clay, New York. Anybody come from Clay? You will be there when you go up and look for a job.
My administration and our allies in Congress are also fighting every single day to lower the cost of living. So I got into office. I won the election in a landslide. And I go, I have a news conference. Thank God. I mean, not to brag, but if I didn’t win the election, we were dead. The welfare was crippling and the business was leaving. And the $18 trillion would have been, $18 trillion to the negative, instead of the possible. We would have been a dead country. We would have been finished. It’s true.
We ended Joe Biden’s insane electric vehicle mandate. That’s when they wanted everybody to buy an electric car. And as I told you, I love electric cars, but it doesn’t make a lot of sense for everybody. We would build the charging booths, right? It would cost the country $4 trillion. No country could afford that. $4 trillion.
You ever get in an electric car and you sort of get nervous because your thing is down a little bit? Friends of mine tell me it starts down a little bit, getting close. And you’re looking, what about a charging station? You know, this is an hour before it runs out. When does it charge? And then you see it. It’s a sign. And it says, “Charging Station.” An arrow pointing to the right. 92 miles. And you zip in if you make it at all.
No, we love electric cars. I have to say that because of Elon, but I love electric cars. They’re lovely, lovely vehicles. But I said, I don’t want — not everybody wants to have an electric car. And I ended all that nonsense. By 2030, you’re all going to have electric cars? I don’t think so.
How about California? They have electric cars. They don’t have enough electricity to turn on your air conditioners. They have brownouts, and now everybody’s got to have an electric car. That’s one of the worst governors in the country, by the way.
On Gavin Newsom
But he took himself — did you hear he announced he’s taking himself out of the race? He calls himself a dumb person. He got very low board scores. Everything he’s done is tough, and he can’t read a speech. He can’t read a speech. I don’t read too many speeches either. I’d be better off if I did. But he can’t read a speech, and he calls himself a dumb person.
And when you do that, I say — and a friend of mine, very good in politics, they don’t want people to forget about it. I don’t know. I thought it was the worst — he did this during an interview. I thought it was the worst interview by a professional politician in the history of our country. Because Gavin, I think — when he says he’s stupid, he said he’s stupid, but remember? But he said he’s smarter than the people in the room. And then he got sued for being a racist, okay? And I guess he probably is a racist, but he said he was a stupid person.
You’ll never hear me call myself a — I’m the smartest guy you’re ever going to meet. And don’t you want to have a smart person as president? In fact, I took the cognizance test — I’m the only one. You know, they called me originally, they said, “He’s brilliant, he wants to take over the entire country.” Then they said, “No, no, he wants the world, he doesn’t want the country, that’s why he’s in Iran, that’s why he’s in…”
Results in Venezuela
Hey, by the way, how did we do in Venezuela? Not bad. That’s right. You know, we’ve taken out so much oil in Venezuela, we paid for the cost of the war — but we didn’t pay for the cost of the war — about 25 times over.
The Cognitive Test Story
PRESIDENT TRUMP: When did you hear that last? You know, it’s a one-way street. But no, no, the doctor, I said, doctor, let me ask you a question. They called me genius, and that didn’t work. Then they said, “He’s totally brilliant, he’s a vicious dictator who wants to take over,” and that didn’t work. And then they called me this, and then they said, they hit me with a bad one. “He’s a dumb person, D-U-M, not to be. He’s a dumb person.”
It’s enough. Most people don’t know how it has to be. It’s enough. And I said, well, that’s good. But we’re going to have to test it. I said, well, how is it going to test? He said, “It’s going to be a bit like the test for a troop.” You know the story. No people have taken it. I said, well, is it good or bad? Is it tough? It’s a tough test. It’s so easy, it gets very, very tough.
I said, well, you know what I’m going to do? I’m going to take that test, I think, doctor, because I do good on tests. I’m going to take that test, and let’s see how we do. He said, “Here’s the problem, sir. If you do badly on the test, it’s going to be reported, because this is Walter Reed Medical Hospital. It’s a military hospital. It’s sort of public.”
So you have five doctors sitting there, and they’re all — if you do badly on it, sir, and you could do badly, because, you know, the questions are very easy in the beginning. They’re pretty easy, and they’re pretty hard. By the time you get to the end, there are not a lot of people in the room that can get them, believe me.
I said, well, it will be public, won’t it? It’ll be embarrassing, but let’s do it. This is my first time. I took it, and I aced it.
The Questions on the Test
So the first question was, you have a bear, a snake, an elephant and a horse. Name the horse. That’s the horse. The second question is a little tougher. Then the New York Times and the majority, to show the test that I just gave, they only used the first question. They didn’t go into the other questions.
But toward the end, they had a question like, “Pick a number, sir, any number.” Okay. 203. Multiply times 203. Multiply times 9. Divide by 2. Add on 1,324. Subtract 1,292. Sir, multiply it out one more time by 19. What is the answer, sir? And I got it right. And one doctor said, “I’ve been doing this test for 20 years, I’ve never seen anybody ace it.”
Taking the Test Three Times
So then what happened — that was my first term, and that quieted people down, that was good. And then what happened, I did it twice in a second term, so I’ve taken it and I’ve aced it all three times. I’ll tell you, because it is a positive evaluation, but it’s nice to be informed.
But remember, I said — and I made the statement — all presidents and vice-presidential candidates should be forced to take a cognitive test every 10 years. And I said it, laughed. Obama couldn’t do well on it. Biden wouldn’t even get the first question. I don’t think he’d get that. Which is the bear? Which is the horse?
You know, I have a friend, he’s very good politically, but he has to test. He owns like stores, little stores, he’s not super rich, in fact, he’s not even rich. He makes a living as he expresses, but I know him a long time. I like to keep my old friends. I like to do really much better than them. I don’t like friends that become very successful.
A Simple Test for a Politician
PRESIDENT TRUMP: I like people that are just okay. Even if they’re terrible, I like that too. I hate, like when I have lunch with somebody that’s really, really successful, I hate it. Because he or she is bragging about how great they are, and I hate that when they do. Because they stop me from talking about the fact that I became president.
But I have a friend, and he said, you know, I have a simple test for a politician. I own stores, I’m really good at it, it’s not a complex business, and I say, how would a president do running my store while I’m away on vacation? He said, I take one store, not three or four, and I say, my busiest one, on Queens Boulevard. Queens.
He said, I take the store, and I say, how would he be? And I said, so what’s the answer? He said, you would drive it into one of the largest retail empires in the world. Biden wouldn’t be able to run the store for one evening. One evening would be the deadline. He said, I give people tests. I go to people in my store, and I say, how do you think they do? And they said, he said, Biden wouldn’t be able to run a store.
We Can Never Let That Happen Again
We can never let that happen again to our country. We can never let it happen again. What he’s done, what he’s done to our country is unacceptable. And a lot of bad things we had in place, but we’ve got that now.
Oil Prices and the Middle East
By the way, the oil prices are going to topple as soon as I finish up with Iran. I was in Iowa. I was in Iowa. We had it down to $1.85 a gallon in Iowa. But we had it down around the $2 point.
And then I said, well, Lutnick, we’re going to have to take a trip to. And we got Scott Bessent. We got all of them. I said, we just hit $50,000 on the Dow. And I said, that’s a record. Highest ever. I said, sorry to do this to you, but we’re going to have to journey down to the Middle East. They said, why? I said, because Iran is going to have a nuclear weapon if we don’t stop them. And I said, we’re going to have to do it.
And we have stopped them. They’re not going to ever have a nuclear weapon. They’re never going to have a nuclear weapon. And we’ll have that over with soon. It’ll be over with soon. And you’re going to see numbers like you’ve never seen, both on the upside and also in terms of costs. You’re going to see costs go down.
Democrats Caused the Costs
But, you know, the Democrats are the ones that cost all the costs. And they were the ones that cost. When I took over, they cost. I’ve been to prices. I told you before, the inflation was the highest ever. The costs were high. And think of it. They constantly come out. The costs, the costs.
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