Subtitles section Play video
-
A couple of questions for you, if I may.
-
First is first on the stock market.
-
So currently, it's the 25th anniversary today of the .com bubble crash.
-
Uh, there's a lot of concern for a lot of Americans right now about the state of the economy.
-
President Trump has refused to rule out a recession.
-
Secretary Lutnick, however, has told us there will not be one.
-
So can the White House just tell and assure Americans today that there's not going to be a recession?
-
Well, there's a lot to unpack there.
-
So let me start.
-
By saying that first of all, when it comes to the stock market.
-
The numbers that we see today, the numbers we saw yesterday, the numbers we saw see we'll see tomorrow are a snapshot of a moment in time.
-
And as President Trump has said, and I'm here to echo the remarks of of this president of this White House.
-
We are in a period of economic transition.
-
We are in a period of transition.
-
From the mess that was created.
-
Under Joe Biden in the previous administration.
-
Joe Biden left this country in an economic disaster.
-
Several statistics to point out, the delinquency rate on credit card loans increased 63% under Joe Biden hitting a near 12 year high.
-
Under Joe Biden, all net job growth went to foreign born Americans.
-
Real wages declined by 1 and a half% under Joe Biden.
-
And as we all know, and this administration continues to combat prices soared more than 20% under Joe Biden because of his reckless spending and economic policies.
-
So we are in a period of transition from that economic nightmare under a president who had no idea what he was doing, never held the private sector job in his life into a golden age of American manufacturing under a businessman and a deal maker in chief and President Donald J. Trump.
-
Who will be implementing, is implementing the formula that we know works.
-
Look at President Trump's results in his first term.
-
If people are looking for certainty, they should look at the record of this president.
-
That's why the American people reelected him back to this office.
-
And look at everything that President Trump has already done and his team has already done in just 51 days, the massive efforts to deregulate.
-
Tax cuts, which we need Congress to pass the Trump economic agenda, the Trump tax cuts, which will unleash economic growth.
-
And the president also addressed this directly, I will point out as well, uh, when you look at what he said on Air Force One.
-
Uh, and he said, he wants the American people to have so much money in their pockets, they don't even know what to do with it.
-
That's the intent of this administration.
-
And we're working very hard every day on that goal.
