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President Trump just gave a very powerful speech remotely to the globalists at the World Economic Forum (WEF). Well worth 15 minutes. He did NOT hold back. It's a beautiful thing. Especially when he addresses free speech, while many of them push for censorship. https://t.co/OrxnW0ReSb
Video Transcript AI Summary
Thank you, Klaus, and hello, Davos. This week marks a historic moment for America as we embark on a new era following my election victory. We are addressing the economic chaos left by the previous administration, including rampant inflation and high interest rates. Immediate actions include a federal hiring freeze, deregulation, and a focus on energy independence. We aim to make America the best place for business with significant tax cuts and incentives for domestic production. Additionally, we are restoring free speech and merit-based policies while enhancing national security. Our administration is committed to peace abroad, including efforts to resolve the Russia-Ukraine conflict. As we celebrate America's 250th anniversary and prepare for major global events, we are determined to restore the nation's strength and prosperity. Thank you, and I look forward to your questions.
Full Transcript
Speaker 0: Ladies and gentlemen, the president of the United States, Donald J. Trump.
Speaker 1: Well, thank you very much, Klaus, and hello to everyone in beautiful Davos. This has been a truly historic week in the United States. 3 days ago, I took the oath of office, and we began the golden age of America. The recent presidential election was won by 1,000,000 of votes and all 7, every one of them, all 7 swing states. It was a massive mandate from the American people like hasn't been seen in many years.
And some of the political pundits, even some of my so called enemies, said it was the most consequential election victory in a 129 years. That's quite nice. What the world has witnessed in the past 72 hours is nothing less than a revolution of common sense. Our country will soon be stronger, wealthier, and more united than ever before, and the entire planet will be more peaceful and prosperous as a result of this incredible momentum and what we're doing and going to do. My administration is acting with unprecedented speed to fix the disasters we've inherited from a totally inept group of people and to solve every single crisis facing our country.
This begins with confronting the economic chaos caused by the failed policies of the last administration. Over the past 4 years, our government racked up $8,000,000,000,000 in wasteful deficit spending and inflicted nation wrecking energy restrictions, crippling regulations, and hidden taxes like never before. The result is the worst inflation crisis in modern history and sky high interest rates for our citizens and even throughout the world. Food prices and the price of almost every other thing known to mankind went through the roof. President Biden totally lost control of what was going on in our country, but in particular with our high inflation economy and at our border.
Because of these ruinous policies, total government spending this year is $1,500,000,000,000 higher than was projected to occur when I left office just 4 years ago. Likewise, the cost of servicing the debt is more than 230% higher than was projected in 2020. The inflation rate we are inheriting remains 50% higher than the historic target. It was the highest inflation probably in the history of our country. That's why from the moment I took office, I've taken rapid action to reverse each and every one of these radical left policies that created this calamity, in particular with immigration, crime, and inflation.
On day 1, I signed an executive order directing every member of my cabinet to marshal all powers at their disposal to defeat inflation and reduce the cost of daily life. I imposed a federal hiring freeze, a federal regulation freeze, a foreign aid freeze, and I created the new department of government efficiency. I terminated and incredibly wasteful Green New Deal. I call it the Green New Scam. Withdrew from the one-sided first climate accord and ended the insane and costly electric vehicle mandate.
We're gonna let people buy the car they wanna buy. I declared a national energy emergency, and it's so important. National energy emergency to unlock the liquid gold under our feet and pave the way for rapid approvals of new energy infrastructure. The United States has the largest amount of oil and gas of any country on Earth, and we're going to use it. Not only will this reduce the cost of virtually all goods and services, it'll make the United States a manufacturing superpower and the world capital of artificial intelligence and crypto.
My administration has also begun the largest deregulation campaign in history, far exceeding even the record setting efforts of my last term. In total, the Biden administration imposed $50,000 in additional regulatory costs on the average American household over the last 4 years. I have promised to eliminate 10 old regulations for every new regulation, which will soon put many 1,000 of dollars back in the pockets of American families. To further unleash our economy, our majorities in the house and senate, which we also took along with the presidency, are going to pass the largest tax cut in American history, including massive tax cuts for workers and family and big tax cuts for domestic producers and manufacturers. And we're working with the Democrats on getting an extension of the original Trump tax cuts as you probably know by just reading any paper.
My message to every business in the world is very simple. Come make your product in America, and we will give you among the lowest taxes of any nation on earth. We're bringing them down very substantially even from the original Trump tax cuts. But if you don't make your product in America, which is your prerogative, then very simply, you will have to pay a tariff, differing amounts, but a tariff which will direct 100 of 1,000,000,000 of dollars and even 1,000,000,000,000 of dollars into our treasury to strengthen our economy and pay down debt. Under the Trump administration, there will be no better place on earth to create jobs, build factories, or grow a company than right here in the good old USA.
Already, Americans, economic you can see this, I think, maybe even in your in your wonderful, wonderful room that you're all gathered together, so many of my friends. But Americans, the economic confidence is soaring like we haven't seen in many, many decades. Maybe not at all. Upon my election, it was just announced that small business optimism skyrocketed by 41 points in a single month. That's the highest ever.
There's never been anything like that. SoftBank has announced between a $102,100,000,000,000 investment in the US economy because of the election result. And just 2 days ago, Oracle SoftBank and OpenAI announced a $500,000,000,000 investment in AI infrastructure. Other companies, likewise, have announced 1,000,000,000 and 1,000,000,000 and 1,000,000,000,000 adding up the trillions of, investment in America and the United States. And it's also reported today in the papers that, Saudi Arabia will be investing at least $600,000,000,000 in America, but I'll be asking the crown prince, who's a fantastic guy, to round it out to around 1,000,000,000,000.
I think they'll do that because we've been very good to them. And I'm also going to ask Saudi Arabia and OPEC to bring down the cost of oil. You gotta bring it down, which frankly, I'm surprised they didn't do before the election. That didn't show a lot of love by them not doing it. I was a little surprised by that.
If the price came down, the Russia, Ukraine war would end immediately. Right now, the price is high enough that that war will continue. You gotta bring down the oil price. You're gonna end that war. They should have done it long ago.
They're very responsible, actually, to a certain extent for what's taking place. Millions of lives are being lost. With oil prices going down, I'll demand that interest rates drop immediately. And, likewise, they should be dropping all over the world. Interest rates should follow us.
All over the progress that you're seeing is happening because of our historic victory in a recent presidential election, one that has become quite well known throughout the world. I think a lot of things are happening to a lot of countries. They say that there's light shining all over the world since the election, and even countries that we aren't particularly friendly with, are happy because they understand what there is a future and then how great the future will be under our leadership. America is back and open for business. And this week, I'm also taking swift action to stop the invasion at our southern border.
They allowed people to come in at levels that nobody's ever seen before. It was ridiculous. I decided a and declared to just to, to do. And very, very importantly, a national emergency on our border immediately halted all entry of illegal border crossers, of which there were many, and began properly returning the illegal trespassers back to the place from which they came. That action, as you've probably seen, has already started very strongly.
I've deployed active duty US military and national guard troops to the border to assist in repelling the invasion. It was really an invasion. We will not allow our territory to be violated. After 4 long years, the United States is strong and sovereign and a beautiful nation once again. It's a strong sovereign nation.
In addition, I'm pleased to report that America is also a free nation once again. On day 1, I signed an executive order to stop all government censorship. No longer will our government label the speech of our own citizens as misinformation or disinformation, which are the favorite words of censors and those who wish to stop the free exchange of ideas and, frankly, progress. We have saved free speech in America, and we've saved it strongly. With another historic executive order this week, I also ended the weaponization of law enforcement against the American people and, frankly, against politicians and restored the fair, equal, and impartial rule of law.
My administration has taken action to abolish all discriminatory diversity, equity, and inclusion nonsense, and these are policies that were absolute nonsense throughout the government and the private sector With the recent yet somewhat unexpected great Supreme Court decision just made, America will once again become a merit based country. You have to hear that word. Merit based country. And I've made it official, an official policy of the United States, that there are only 2 genders, male and female. And we will have no men participating in women's sports and transgender operations, which became the rage, will occur very rarely.
Finally, as we restore common sense in America, we're moving quickly to bring back strength and peace and stability abroad. I'm also going to ask all NATO nations to increase defense spending to 5% of GDP, which is what it should have been years ago. It was only at 2%, and most nations didn't pay until I came along. I insisted that they pay and they did because the United States was really paying the difference at that time, and it's was unfair to the United States. But many, many things have been unfair for many years to the United States.
Before even taking office, my team negotiated a ceasefire agreement in the Middle East, which wouldn't have happened without us, as I think most of the people in the room know. Earlier this week, the hostages began to return to their families. They are returning, and it's a beautiful sight, and they'll be coming in more and more. They started coming back on Sunday. Our efforts to secure a peace settlement between Russia and Ukraine are now hopefully underway.
It's so important to get that done. That is an absolute killing field. Millions of soldiers are being killed. Nobody's seen anything like it since World War 2. They're laying dead all over the flat fields.
It's a flat field farmland, and there's millions of Russians and millions of Ukrainians. Nobody's seen anything like it since World War 2. It's time to end it. And here in America, we have big events coming up. Next year, we have the 250th anniversary of America's founding.
I'm so honored to be president doing that. That's been a big event. They've been talking about it for 10 years. We also have the World Cup. And I understand Gianni, Gianni's in the room.
Infantino. He was, very instrumental in helping us get it. He's there with you someplace, I think. And I wanna thank him for that. And then we have the Olympics coming up, which I was instrumental in getting also in my first term.
And who would have known that by skipping a term, I would get the Olympics? I was upset. I said, you know, I got the Olympics to come, and I won't be president. But it turned out through a stroke of luck or whatever you might call it that I'm gonna be president during the World Cup and the Olympics and the 250th anniversary. So that's gonna be 3 big events.
And we've accomplished more in less than 4 days. We have really been working 4 days than other administrations have accomplished in 4 years, and we're just getting started. It's really an amazing thing to see in the spirit, and the light over our country has been incredible. Under the last administration, our nation has suffered greatly, But we're going to bring it back and make it greater, bigger, stronger, better than ever before. I wanna thank everybody for being with you.
I would have been there myself except the inauguration was 2 days ago. I thought it might be a little bit quick to make it the first stop. But we'll get there one day. We hope to get there. But I I do appreciate.
I heard the audience is fantastic, and many of my friends are in the audience. And, I will be taking questions now from some very distinguished people. Thank you all very much.