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The Biden administration claims to have added almost 400,000 jobs from July through September of last year. However, new data released this week suggests none of those jobs ever existed. In contrast to the monthly job report showing an increase of 399,000 jobs during the third quarter, these numbers show a decline of 1,000 private sector jobs.

During a 76-day period between President Trump's election and President Biden leaving office, the Department of Energy's loan program issued $93 billion in loans and commitments, more than double the amount from the previous 15 years. The loans were sometimes given to entities lacking business plans or financial solvency. The department is now reviewing these loans and grants for theft and incompetence. Some applicants presented half-baked ideas, promising plans after receiving funds. The department's budget increased from $60 billion to $160 billion since fiscal year 2021. The department is reducing its headcount by thousands, which the secretary believes is common-sense business. The secretary credits President Trump for empowering departments to make necessary changes to better serve taxpayers and consumers.

Companies have announced over $2 trillion in new investments, totaling close to $8 trillion. These investments, factories, and jobs signify the strength of the American economy. The US aerospace industry can continue to lead the world in innovation. The US must continue its leadership in AI. Companies are creating millions of jobs and making investments to catalyze a new era of advanced manufacturing. The US needs to reindustrialize and prioritize products being made in America.

Our economy is thriving with 15 million new jobs in 3 years, record small business growth, and historic job growth for minorities. We've added 800,000 manufacturing jobs, reduced the racial wealth gap, and increased health insurance coverage. Wages are rising, inflation is low, and we're exporting American products to create jobs at home. The American people are starting to see and feel these positive changes.

During a 76-day period between President Trump's election and President Biden leaving office, the Department of Energy's loan program office made $93 billion in loans and commitments, more than double the amount from the previous 15 years. The secretary stated that many loans were given to entities lacking business plans or financial solvency information, some even before the 76-day period. The secretary acknowledged the possibility that some applicants lied or presented half-baked ideas to obtain funding. The department is now reviewing loans and grants for theft and incompetence, potentially denying funding to some projects. The department's budget increased significantly since fiscal year 2021. The secretary stated that the department is working to separate credible companies from those with insufficient plans. The department's headcount will be reduced by thousands, a move the secretary described as common sense business. He credited President Trump for empowering departments to make necessary changes to better serve taxpayers.

Small businesses are creative and resilient but need support. Policymakers should ask them directly about their needs and balance messaging away from fear. Small businesses should scan state, local, and federal funding programs and talk to lenders for cash flow management advice. Community lending institutions want to help small businesses because they strengthen the community. 92% of small businesses are accommodating working parents, including adjusting hours and allowing remote work. This flexibility raises cybersecurity concerns, suggesting a need for loans or grants to improve cyber infrastructure. Business owners should open conversations with employees about mental health and utilize resources like employee assistance programs often included with insurance. Businesses are the backbone of the US economy, representing innovation and hard work, and should be supported.

We have not only regained all the jobs lost during the pandemic, but we have also added an additional 1 million jobs. Unemployment rates have reached record lows, especially for African Americans, Hispanic workers, veterans, individuals without high school diplomas, and women, with the lowest rate in 70 years.

The speaker maintains that their administration's work is a success. They cite capping the annual cost of prescription medication for seniors at $2,000, extending the child tax credit (which they claim cut child poverty in America by over 50 percent), investing in the American people, bringing manufacturing back to the United States (resulting in over 800,000 new manufacturing jobs), bringing business back to America, and improving the supply chain so the US is not reliant on foreign governments to supply American families with their basic needs as examples of good work.

During the Trump administration, a significant amount of money, totaling trillions, was approved. Despite facing financial losses due to the COVID virus, the administration managed to achieve record low unemployment.

During our time in office, we faced a pandemic and high unemployment rates. However, our economic policies have successfully reduced inflation and led to the creation of 14 million new jobs, including 800,000 in manufacturing. Wages have also increased, indicating significant progress.

Before Elon Musk, no one knew about the unnamed bureaucrats in our government. Now, Musk is being scrutinized for the transparency and access he's providing. We're happy to provide the receipts, showing contracts that DOGE found across our government. For example, there's a $36,000 DEI contract for US citizenship and immigration services, and a $3.4 million contract for inclusive innovation at the US Patent and Trademark Office. There's also $57,000 for climate change in Sri Lanka. DOGE is identifying these line items daily and moving very fast. This administration is transparent about what DOGE is doing. We're providing transparency and accessibility daily. We also have a DOGE daily report available with all of their findings, and we're happy to provide this information.

The U.S. can no longer continue a policy of unilateral economic surrender. Donald Trump intends to punish anyone outside the country producing goods that America should produce for itself, raising revenue and protecting American jobs. Trump's game is "America First," and he claims to have the backbone to get it done. This is a proven economic formula. Mortgage rates and inflation have come down, with trillions of dollars in investment and companies expanding operations, creating nearly a quarter of a million new jobs. Consumer prices dropped, which never happened under Joe Biden. Inflation is at 2.4%. The dollar is shooting up over 2,000 points. Energy costs, groceries, and gasoline are down, with gasoline way under $3. This is described as the most aggressive effort at pro-American growth in American history.

During a 76-day period, between President Trump's election and President Biden leaving office, the Department of Energy's loan program office made $93 billion in loans and commitments. The secretary stated that many loans were given to entities lacking business plans or financial solvency information. Some plans were half-baked, with promises to develop later. The department is reviewing loans and grants for theft and incompetence. The secretary acknowledged the budget increased from $60 billion to $160 billion since fiscal year 2021. He stated that some companies are credible, but the department is separating "the wheat from the chaff." The department's headcount will be reduced by thousands, which the secretary considers common sense. He credited President Trump for empowering departments to make necessary changes to better serve taxpayers.

Technology companies have committed over $2.5 trillion to build in America due to tariffs, with sovereign wealth funds from the Middle East also investing, totaling over $3 trillion committed. The pharma industry, auto, and industrial sectors are also returning to America. The speaker mentioned the Trump Gold Card's popularity and a plan to replace the Internal Revenue Service with an external revenue service, funded by tariffs, so outside countries trading with the U.S. pay their fair share. Ending de minimis will rebuild mom and pop and small businesses in America by stopping foreign countries from sending small packages for free.

Since taking office, we have generated over 14 million new well-paying jobs in the first two years.

In just under a month, the Department of Government Efficiency has already saved over $55 billion, and this is only the beginning. We're on track to eliminate trillions of dollars in waste, which will lead to significantly lower inflation and interest rates. This will also result in reduced payments on mortgages, credit cards, and car loans, and a much stronger stock market. I anticipate the stock market performing exceptionally well. Our strategy involves rapidly expanding the economy by significantly reducing the size of the federal government, and this is a crucial step we must take.

The transcript centers on a retrospective beginning with a Casablanca exchange at the end of World War II, where Roosevelt told Churchill that the war wasn’t fought to reestablish British eighteenth-century methods, and Churchill asked what Roosevelt meant. Roosevelt answered with a definition of a system that takes more out of a country than it puts back in. Roosevelt died before the war ended, and the result, as described, was the triumph of British eighteenth-century methods or a system that takes more out than it puts in. The speaker then argues that since World War II, the United States has deteriorated: manufacturing employment fell from 31% of the population in 1950 to 8% today, and when including other goods-producing sectors (agriculture, mining, transportation), the share dropped from 55% to less than 20%. The speaker contends that good-paying jobs, industry, infrastructure, and family farms disappeared, and economic sovereignty was stripped by “British eighteenth-century methods of financialization and free trade,” leading to imports of food and “cheap crap” and an exploding trade deficit. The claim is made that Donald Trump is reversing this trend, with tariffs described as a powerful weapon that the global elites hate, and that they are working to rebuild the U.S. manufacturing base and economic independence. Support for this claim includes concrete numbers: in November, 136 new factories were started, along with 78 processing plants and 199 new warehouses. The narrative emphasizes that, beyond physical growth, there is a reawakening of a productive spirit among the population, especially the youth. An example is given from blue Massachusetts, where young people respond to opportunities in vocational training and productive jobs instead of pursuing liberal arts degrees with heavy debt. The speaker also highlights the Trump administration’s broader vision, including a merger between Trump’s Truth Social and TAE Technologies, described as signaling a revolutionary development: cheap, clean, limitless fusion power that could drive the economy forward and propel humanity into the solar system. The broader strategic claim is that, on the eve of 2026—the two hundred and fiftieth anniversary of American independence—there is an unprecedented opportunity. Trump is described as dismantling the postwar imperial system, ending perpetual wars, rebuilding American manufacturing, and treating nations as sovereign partners rather than pawns on a chessboard. However, the British establishment is portrayed as resisting this transformation, intending to turn back the clock by leveraging assets in Congress, the media, and intelligence agencies to create chaos and turn Trump supporters against one another. The speaker urges listeners not to fall for it and to keep their eye on the strategic picture.

The speaker credits the president for enabling Elon Musk's involvement with Doge. They also praise the president for allowing an outside team of experts to analyze government departments and identify potential cuts. According to the speaker, this team found $160 billion in annual administrative cuts. However, these cuts require congressional approval. The speaker acknowledges that some Republicans are not in favor of the necessary austerity measures to enact these cuts.

When this president showed up to the White House, the six month annualized core inflation rate was 3.7%. Today, six months later, the six month annualized core inflation rate is 2.4%. Inflation will be tracking at 1.9%. And then I would also point to that report this morning showing that small business optimism has reached a five month high. We inherited an economic mess from the previous administration, but this administration is focused on fixing it every day. And part of that is signing the largest tax cuts into law to put more money back into the pockets of these small business owners.

President Trump and his administration are doing a great job, a big difference from his first term. Inflation is coming down to 2.4%, energy costs are down 20%, and eggs are down 59%. Gas is down 59% in Rome, Georgia, and airfare is down 9%. Hartsfield-Jackson Airport had its busiest week over Easter, even pre-COVID. Jobs are up 228,000, and Trump is using tariffs to create a fair playing field for American workers. Tariffs are leveling the playing field for Georgia farmers. Georgians care more about Georgia-based companies and jobs, not importing foreign companies and labor. A battery plant in Cartersville will bring in over 200 families from South Korea. Georgia should support its own companies instead of luring in foreign ones. Georgia should eliminate its state income tax to stop losing residents to Tennessee and Florida.

During the Trump administration, the speaker was able to grow his business and open more locations. Under the Biden-Harris administration, the speaker claims his business has been stagnant. He says he has been dealing with rising costs and battling for employee pay, and trying to raise prices to keep up.

The economy was in a tailspin when this administration took over due to the mishandling of COVID by the previous administration. President Biden passed the American Rescue Plan, which helped small businesses and schools reopen. We understand that it will take time for Americans to feel the effects, but we have seen the economy improving. We had to fix the problems left by the last administration.

In under a month, the Department of Government Efficiency has already saved over $55 billion, and this is only the beginning. We're targeting trillions of dollars in waste, which will lead to significantly lower inflation and interest rates. This will also bring down payments on mortgages, credit cards, and car loans, while boosting the stock market. I believe the stock market is going to perform exceptionally well. Our strategy involves rapidly growing the economy by dramatically reducing the size of the federal government, a necessary step for our nation's prosperity.

Working with our team, we've identified $260 million in savings on contracts alone. Under President Trump's leadership, we're committed to eliminating fraud, abuse, and streamlining processes. I'm pleased to announce these significant savings and our ongoing efforts to be responsible stewards of taxpayer dollars. We anticipate finding even more savings in the future.