WEBVTT

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ladies and gentlemen , the President of

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the United States . Ah , company by the

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vice president of the United States .

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Well , thank you very much is a very

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big day for our country . It's , uh ,

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affirmation of all the work we've been

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doing , really , for 3.5 years . This

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isn't just over the last few months .

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This is for 3.5 years , and it's , ah ,

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great thing . We were very strong . We

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had the greatest economy in the history

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of our country . We had the greatest

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economy in the history of the world .

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And that strength let us get through

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this horrible pandemic largely through .

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I think we're doing really well .

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Vaccines , by the way , had a meeting

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yesterday on Vaccines were doing

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incredibly well with that . I think

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you're gonna have some very positive

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surprises and therapeutics . Likewise ,

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we're doing extremely well . Cures were

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doing well . I think those two words

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really blend in with each other . But

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tremendous progress is being made on

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vaccines . In fact , we have ready to

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go in terms of transportation and

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logistics . Uh , we have over two

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million ready to go if it checks out

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for safety , and it's also The nice

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part is we have four companies . I

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guess you could even say seven or eight

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companies that air doing some similar

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and some very different on the vaccine

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front and some similar and some

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somewhat different on the therapeutic

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front . So tremendous progress is being

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made on that . And I think even without

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that , and I have to say even without

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that and I don't think you're gonna be

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having to use that in the future , that

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statement , even without because I

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think they're gonna have it . But we're

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going to be back and we're opening our

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country . And I hope that the lock down

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governors , I don't know why they

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continue to lock down , because if you

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look at Georgia , if you look at

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Florida , if you look at South Carolina ,

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if you look at so many different places

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that have opened up , I don't want to

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name all of them , but the ones that

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are most energetic about opening they

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are doing tremendous business and that

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this is what these numbers are all

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about . And you have to remember one

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other thing . Very importantly , I

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think it's extremely important for you

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to remember that many of our states air

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closed or almost last , some of the big

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ones New York , New Jersey . They'll

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start their starting now to get open ,

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I hope . And , uh , I hope that you

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also use our National Guard . Call me .

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Will be ready for them so fast their

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heads will spin . We did it in

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Minnesota , in Minneapolis . We were

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incredible that they were ripping the

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place apart . I loved I would love it .

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We had such success there , and they

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were ripping it apart . And I called

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the governor and the National Guard

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went in . And one night it was over .

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You don't see the problem in Minnesota

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now at all ? Not even a little bit .

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You take a look at , uh , great city ,

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Just a great great city , Minneapolis .

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And it was , uh , it was under siege

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like nobody's ever seen where people

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are running from a police department .

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The great police and they were told to

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they didn't want to run . They were

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told to It's bad bed governing . And

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I'm not blaming the governor and

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blaming the mayor , but we want to get

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all of this finished . This is a great

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tribute . What we're announcing today

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is a tremendous tribute to equality .

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We're bringing our jobs back . You know ,

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when we had our tremendous numbers and

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when we had just prior to the China

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plague that floated in , we had a

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number is the best in history for

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African American , for Hispanic

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American and for Asian American and for

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everybody , Best for women , Best

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for people without a diploma . Young

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people without a diploma . I mean , so

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many different categories . Their

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numbers were the best in almost every

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category . We had the most people

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working in the history of our country ,

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almost 160 million people . We would

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never even close to that . So we had

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things that where we were doing so well

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and then it came in . But we're gonna

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be back there . I think we're gonna

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actually be back higher next year than

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ever before . And the only thing that

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can stop is his bad policy . Frankly ,

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left wing bed policy of raising taxes

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and green new deals and all of the

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things that you have been writing about

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long and hard , that will stop it like

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you wouldn't believe . And frankly ,

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it's holding it back . If if there were

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no possibility that that can happen and

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I like to be an optimistic person . I

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think we're looking very good . I think

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even before today are Poles were polls

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that I've seen in the polls that we do .

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We're looking very good . But if we

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didn't have the possibility of having

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massively higher taxes like the

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Democrats want to do and green new

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deals which are totally ridiculous ,

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frankly ridiculous and all . And I'm a

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big environmentalists , I believe

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strongly in taking care of our

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environment . We have the cleaners

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there we've ever had , like over the

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modern era , which lets say you go back

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30 years , we have the cleanest air ,

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the cleanest water we've ever had were

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setting all sorts of really good

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environmental records were very proud

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of that . But the green New deal would

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kill our country . The deal green New

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deal would have a devastating effect on

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the world and it's not gonna happen

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anyway because it's impossible for them

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to do it . If you have a look at what

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they want to do under the green New

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deal , it's it's like baby talk , but

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we are doing something that this was an

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important day because this shows that

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what we've been doing is right and the

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reason it's been and is so good is

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because the body was strong . Our body

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was so powerful that we could actually

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close our country , save millions of

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lives , stop people very early on from

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China from coming . And because we

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stopped early at the end of January ,

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very early people coming from China who

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were infected coming into our country .

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I was a very hard decision to make .

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Nobody , almost nobody wanted me to

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make it . I would almost say nobody

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wanted me to make it , but we made that

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decision and even my enemy said that

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was an extremely important . We save

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tens of thousands of lives with that

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decision . So we did a lot of things

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and then we way . We really ended up

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with empty coverage . We went into a

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ventilator period that the likes of

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which nobody seen since the Second

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World War . We mobilized . Nobody's

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ever seen anything like it and then we

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did . Tests were over 20 million are

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very close , but I think we're over 20

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million tests more than anybody in the

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world . Germany is it about it for and

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South Korea's at 3.5 were over 20 . And

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by the way , when you do more testing ,

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you have more cases . We have more

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cases than anybody because we do more

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testing than anybody is pretty simple ,

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but this is outstanding . What's

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happened today Now ? They thought the

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number would be a loss off nine million

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jobs , and it was a gain of almost

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three million jobs . Nobody's ever seen

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anything . I think it was incredible .

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In a couple of ways , Number one , the

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numbers are great and this leads us on

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to a long period of growth . Will have

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the greatest will go back to having the

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greatest economy anywhere in the world ,

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nothing close . And I think we're gonna

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have a very good upcoming few months .

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I think you're going to have a very

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good August , Very good July , but a

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spectacular , maybe spectacular

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September , but a spectacular October ,

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November , December and next year is

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gonna be one of the best years we've

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ever had economically , and if you look

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at the numbers , they bear it up . But

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we were strong . It's sort of like when

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you go in for an operation . If a

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person is healthy healthy . We were

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healthy . We have the greatest economy

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in the world . We went in for an

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operation . We closed our country down .

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We closed it down . We saved possibly

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2,000,002 and 1/2 1,000,000 lives . Now

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it could have been a 1,000,000 lives .

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I don't think anything less than that .

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But if you think we're 105 million

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today 105,000 today ,

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that would mean at the lowest number it

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would be 10 times that amount . And I

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think everybody believes the least . If

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we went heard , as they say . And if

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you look at Brazil , they're having a

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very hard time . And by the way they

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kept bringing up Sweden . It's come

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back to haunt Sweden . Sweden is having

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a terrible time . If we did that , we

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would have lost a 1,000,000 a 1,000,000

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1/2 maybe even 2.5 1,000,000 or more

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lives . So we're 105,000 lives . Big

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move . Closing it up . We also close it

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up to Europe . Europe became very

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infected from China . A gift from China .

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Not good . They should have stopped

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that they should have stopped it at the

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source . But it's a gift from China and

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a very bad gift . I will tell you that .

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And you do say how come at Wuhan where

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it started and they were very badly

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were in bad trouble , but it didn't go

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to any other parts . It didn't go to

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Beijing . It didn't go to other parts

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of China . Then you say , How come it

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came out to Europe , to the world , to

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the United States . So it didn't go to

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China . They stopped it , call . They

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knew it was a problem , but they didn't

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stop it cold from coming to the United

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States , Europe and the rest of the

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world . Somebody has to ask these

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questions and we'll get down to the

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answer . You know , we we made a great

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trade deal . Great . They're gonna buy

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$250 billion worth of product . And by

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the way , they are online . They're

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doing okay . But the ink wasn't dry on

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that deal when the when the plague

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floated in . What's going on ? A plague

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is floating in from China . What's

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going on ? So the ink wasn't dry , so I

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guess I view the trade deal a little

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bit differently . than I did three

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months ago . It's a great deal . I will

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say they are buying a lot from us , and

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in that way I respect . And getting

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along with China would be a good thing .

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I don't know if that's going to happen .

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I'll let you know we'll let you know .

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I think they wanna get along very much

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with us . But , uh , we built a

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tremendous thing . A tremendous power

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platform . So when it got ill ,

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when we had a problem , we were able to

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cut it off . Stop it . Just like this .

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Stop it . Keep everyone .

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Keep him away . Keep them together away ,

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uninfected . And we saved millions of

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lives . And now we're opening and we're

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opening with a bang . And we've been

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talking about the V . This is better

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than a V . This is a rocket ship . This

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is far better than of a V is wonderful .

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Levy is this ? They were talking about

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Willoughby via you and l . They had no

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idea . And I was watching one of the

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shows and have great respect for the

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people . And they said , Will it be

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nine million in job losses ? Will it be

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what will be the number be , will it be ?

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Are they going to report record numbers ?

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Will we break 20% ? What will the

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number be ? And , you know , I don't

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know because we were in and I don't

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think we're in that territory . And

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while we were in unchartered territory ,

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nobody's ever had a situation like that .

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So the number was nine million , and

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one of the people was No , no , I think

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it's gonna be 10 million . That's 10

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million negative losses . And then

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somebody else said No . We think it's

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going to be 8.7 nine point to know

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everyone was right around that number .

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This is great geniuses . And they are .

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I watch him all the time , and often

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times they're right . Warren Buffett ,

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uh , sold airlines a little while ago .

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He's been right his whole life . But

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sometimes even somebody like Warren

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Buffet have a lot of respect for him .

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They make mistakes . They should have

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kept the airline stocks because the

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airline stocks went through the roof

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today and others did to the whole

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market went through the roof . But they

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said 9,000,009 million job losses .

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Nine million . It's what gonna be Are

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we gonna break 20% . Are we gonna break

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it ? And then the numbers came in and

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one of the folks that was reading the

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numbers said , While there's a great

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number , it's only three million job

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losses and then reading it and say ,

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You know , I don't think this I'm not

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reading this right . Let me look at it

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again . Oh , wait a minute . This is

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three million gain . Almost three

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million jobs gained . And then they

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shouted out one of them , sort of semi

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shouted out . Is this a typo ? I think

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it was probably the greatest

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miscalculation in the history of

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business shows , history of physicians

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talking about Wall Street , and that's

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OK . But one of the reasons were in

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this position is because we had such a

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strong foundation . So we were able to

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close our country , save millions of

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lives open , and now the trajectory is

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great . Don't forget , New York is

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barely included , and that's one of our

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big ones . California is barely

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included because they're not open and

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they should open . By the way , the

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mayor of Los Angeles wants to keep this

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thing close for a long time . Look at

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what's going on in Florida . It's

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incredible . The job the governor

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Florida's done . It's incredible the

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numbers they're doing , you've got to

13:11.529 --> 13:13.751
open it up and you do social distancing

13:13.751 --> 13:15.918
and you wear masks If you want and you

13:15.918 --> 13:17.807
do things , you could do a lot of

13:17.807 --> 13:19.973
things . You getting closer together .

13:19.973 --> 13:19.940
Even you . I notice you're starting to

13:19.950 --> 13:22.061
get much closer together . Looks much

13:22.061 --> 13:24.172
better , I must say , Not all the way

13:24.172 --> 13:26.339
there yet , but you'll be there soon .

13:26.339 --> 13:28.172
But it's a tremendous thing that

13:28.172 --> 13:30.283
happened , and the reason it happened

13:30.283 --> 13:32.172
is because we had a really strong

13:32.172 --> 13:34.339
patient . We had a patient that was so

13:34.339 --> 13:36.394
powerful , so strong , that we could

13:36.394 --> 13:38.561
close it and open , and I give it This

13:38.561 --> 13:40.728
analogy somebody told me yesterday was

13:40.728 --> 13:42.894
Larry , Larry Kudlow . He said , Sir ,

13:42.894 --> 13:44.950
there's like a hurricane and we were

13:44.950 --> 13:46.894
worried we didn't know . It's just

13:46.894 --> 13:49.006
gonna be a hurricane or a major major

13:49.006 --> 13:51.490
recession , a major recession that's

13:51.490 --> 13:53.480
not artificially caused because we

13:53.480 --> 13:55.500
artificially this was artificially

13:55.510 --> 13:58.630
closed . We just said boom closed and

13:58.630 --> 14:02.180
everything just stopped and also you

14:02.180 --> 14:04.610
know what else stopped big numbers on

14:04.620 --> 14:07.110
death by doing that and that's why I

14:07.110 --> 14:08.900
had to do it . We've made every

14:08.900 --> 14:12.470
decision correctly , but it was like we

14:12.470 --> 14:14.303
stopped . That was an artificial

14:14.303 --> 14:16.850
closing . And then what happened very

14:17.590 --> 14:19.670
incredibly is the numbers go . And

14:19.670 --> 14:22.350
Larry was saying that with a hurricane ,

14:23.240 --> 14:25.073
you have a horrible hurricane in

14:25.073 --> 14:28.150
Florida or Texas and it's devastating .

14:28.840 --> 14:31.007
And then the hurricane goes away , and

14:31.007 --> 14:33.173
within two hours everyone's rebuilding

14:33.173 --> 14:35.173
and fixing and cleaning and cutting

14:35.173 --> 14:37.507
their grass . And I've seen it in Texas .

14:37.507 --> 14:39.507
I've seen it everywhere . I've seen

14:39.507 --> 14:41.620
that everywhere . Texas had a massive

14:41.620 --> 14:44.700
one Louisiana Hurricanes

14:45.200 --> 14:47.970
Florida Hurricanes . But what happens

14:47.970 --> 14:51.540
is right after the hurricane boom , and

14:51.540 --> 14:53.840
this is what this is . This isn't a

14:53.850 --> 14:55.739
terrible recession . I don't even

14:55.739 --> 14:57.961
mention the D word . I don't talk about

14:57.961 --> 14:59.961
the deal where I don't want to talk

14:59.961 --> 15:02.128
about it , because every time somebody

15:02.128 --> 15:04.350
even mentions , I don't like the word .

15:04.350 --> 15:06.406
But if you had a really , really big

15:06.406 --> 15:09.550
bed recession it would take ,

15:10.260 --> 15:12.371
it could take 10 12 . How long did it

15:12.371 --> 15:15.620
take in 1929 ? It took many years to

15:15.620 --> 15:17.620
recover from that . How Maney , How

15:17.620 --> 15:19.970
long ? A 10 I heard 10 I think longer

15:19.970 --> 15:22.750
than 10 but that's OK . I had 14 15

15:22.750 --> 15:24.861
years , Larry says . 10 . So let's go

15:24.861 --> 15:26.960
with 10 but it takes a long time to

15:26.960 --> 15:29.500
recover . But Hurricane , you're back

15:29.500 --> 15:31.556
in business and one day , two days ,

15:31.556 --> 15:33.556
three days and it's devastating and

15:33.556 --> 15:36.550
it's hard and this was a hurricane and

15:36.550 --> 15:38.772
it's going to get better fast because a

15:38.772 --> 15:40.883
lot of the numbers that you see there

15:40.883 --> 15:43.106
early numbers , they're not . Even from

15:43.106 --> 15:45.590
this last month . And by the way ,

15:45.590 --> 15:47.860
speaking of that , you have the

15:47.860 --> 15:51.210
greatest 50 day rally in the

15:51.210 --> 15:54.850
history , off our exchanges ,

15:55.540 --> 15:58.750
the greatest 50 day rally , and we have

15:59.940 --> 16:03.690
a lot of protesters and we have

16:03.690 --> 16:05.780
something else right . We have

16:05.780 --> 16:07.891
something else , we have a pandemic .

16:08.390 --> 16:10.930
We've made tremendous progress , really

16:10.930 --> 16:12.986
on both . If you look at where we've

16:12.986 --> 16:15.041
come on both , we've made tremendous

16:15.041 --> 16:17.440
progress on both tremendous progress .

16:17.810 --> 16:19.921
But you're looking and the people now

16:19.921 --> 16:21.977
starting to return to work . So it's

16:21.977 --> 16:24.143
been an incredible thing to see . It's

16:24.143 --> 16:26.320
been a beautiful thing to see . The

16:26.320 --> 16:29.810
experts predicted that the economy

16:29.810 --> 16:32.610
would lose tremendous numbers of jobs

16:33.220 --> 16:35.331
and of course , from the beginning it

16:35.331 --> 16:37.498
has . But you're going to see how fast

16:37.498 --> 16:39.609
that's made up . I'm telling you next

16:39.609 --> 16:43.350
year , unless something happens with

16:43.350 --> 16:45.461
the wrong people , get in here . This

16:45.461 --> 16:47.730
could This could turn around . Your 401

16:47.730 --> 16:50.590
case will go down two numbers . If

16:50.590 --> 16:52.534
people didn't get rid of stocks in

16:52.534 --> 16:54.479
their 401 case , there almost even

16:54.479 --> 16:57.560
think of it with a pandemic and with

16:57.560 --> 16:59.560
one of the worst things that's ever

16:59.560 --> 17:01.504
happened . No , we are countries .

17:01.504 --> 17:04.210
Never lost 105,000 people , whether

17:04.210 --> 17:06.210
it's World Trade Center , which was

17:06.380 --> 17:10.350
2900 or Pearl Harbor , which was less

17:10.350 --> 17:12.910
than that , we've never lost anything

17:12.910 --> 17:14.910
close to this . But it's not only a

17:14.910 --> 17:17.021
countries the whole world , the world

17:17.540 --> 17:20.700
is suffering so badly . 186 countries

17:20.700 --> 17:23.010
at this moment , and that affects us ,

17:23.010 --> 17:25.760
too . But we're a positive force . Were

17:25.760 --> 17:28.690
the the key to the world in a sense and

17:29.230 --> 17:31.397
the fact that we're doing well , I see

17:31.397 --> 17:33.397
already they're starting to do much

17:33.397 --> 17:33.360
better in other parts of the world .

17:33.360 --> 17:35.304
That's a great thing because we're

17:35.304 --> 17:37.360
working with the world . I will work

17:37.360 --> 17:39.693
with China to we'll work with everybody .

17:39.840 --> 17:41.840
But what happened should have never

17:41.840 --> 17:44.280
happened . So we had a tremendous

17:45.140 --> 17:47.251
morning , a tremendous announcement .

17:47.251 --> 17:50.240
It was shocking toe , even great pros .

17:50.240 --> 17:52.180
I watched Maria bought aroma . I

17:52.180 --> 17:55.130
watched Jim Cramer . I watched a lot of

17:55.140 --> 17:58.420
people show cured in . He was pretty

17:58.420 --> 18:01.110
positive . Charles Pain . He was very

18:01.110 --> 18:03.370
positive for a long time . A lot of

18:03.380 --> 18:05.102
people got it right . They had

18:05.102 --> 18:07.269
confidence in me . They had confidence

18:07.269 --> 18:09.436
in this team and they got it right . I

18:09.436 --> 18:09.030
think that's the only thing that could

18:09.030 --> 18:11.950
base it on because we were unchartered

18:12.610 --> 18:14.721
territory . Its site like to just say

18:14.721 --> 18:17.010
that renewal , restoration or recovery

18:18.120 --> 18:20.990
of the most vulnerable areas of America

18:20.990 --> 18:23.212
is going to be my focus . It's gonna be

18:23.212 --> 18:25.960
a big focus because it's taking care of

18:25.960 --> 18:28.990
itself . But we have to help that very

18:28.990 --> 18:31.157
vulnerable area . They're vulnerable ,

18:31.300 --> 18:33.522
It's not right and we're helping them .

18:33.522 --> 18:35.744
And we have helped him in the past that

18:35.744 --> 18:37.800
we're all said . Opportunity zones ,

18:37.800 --> 18:39.856
criminal justice , reform . Nobody's

18:39.856 --> 18:43.320
ever done for the black

18:43.320 --> 18:45.431
community . What President Trump is ,

18:45.431 --> 18:48.160
don't think of it . Historically ,

18:49.040 --> 18:52.290
black small colleges and universities

18:52.290 --> 18:54.346
that would come here for money every

18:54.346 --> 18:56.679
year , every year for many , many years .

18:56.679 --> 18:58.734
After three years , I said , Why you

18:58.734 --> 19:00.734
doing this ? Why do you keep coming

19:00.734 --> 19:02.901
here ? They said , because we come , I

19:02.901 --> 19:02.630
said , Don't you give , Get a long term

19:02.630 --> 19:05.120
deal , so you don't have to come . The

19:05.120 --> 19:07.060
head of one of the very respected

19:07.060 --> 19:09.227
college just looked at me , said Sir .

19:09.490 --> 19:11.490
Well , like beggars , every year we

19:11.490 --> 19:13.657
have to come to Washington and beg for

19:13.657 --> 19:15.768
money . I said you should have a long

19:15.768 --> 19:17.768
term deal and we signed a long term

19:17.768 --> 19:19.934
deal so they don't have to come . I'll

19:19.934 --> 19:22.157
miss them . I told them I miss them . I

19:22.157 --> 19:24.323
got to know him , but the first year ,

19:24.323 --> 19:24.220
I didn't think anything of it . The

19:24.220 --> 19:26.442
second year said , That's strange . Why

19:26.442 --> 19:28.609
you here and then the third year ? Not

19:28.609 --> 19:30.720
so long ago . Same people . The heads

19:30.720 --> 19:33.640
of the historically black , small

19:33.640 --> 19:36.310
colleges and universities . 44 people .

19:36.480 --> 19:38.647
Maybe a little more than that , little

19:38.647 --> 19:40.702
less than that sometimes . But after

19:40.702 --> 19:42.702
three years , I said , What are you

19:42.702 --> 19:45.930
doing ? They said the past

19:45.930 --> 19:48.390
administration did nothing for us .

19:50.130 --> 19:52.074
The administration before that did

19:52.074 --> 19:54.810
nothing for the so I'm going to do it .

19:54.960 --> 19:57.550
So we did . The opportunity zones with

19:57.550 --> 19:59.760
Senator Tim Scott has been fantastic

20:00.600 --> 20:02.656
and by the way , is one of the great

20:02.656 --> 20:04.767
unknowns , because the opportunity is

20:04.767 --> 20:06.933
you don't talk about . It's one of the

20:06.933 --> 20:09.350
most incredible success stories ever in

20:09.350 --> 20:12.500
terms of the inner cities and in terms

20:12.500 --> 20:15.200
of black and Hispanic and Asian

20:15.210 --> 20:17.321
unemployment opportunities on Georgia

20:17.321 --> 20:19.654
do some stories about opportunity zones .

20:19.654 --> 20:21.654
Billions and billions of dollars of

20:21.654 --> 20:24.240
private money is being invested and

20:24.240 --> 20:26.462
putting people to work in getting money

20:26.462 --> 20:28.462
that they've never made before . So

20:28.462 --> 20:30.462
it's been really a terrific thing .

20:30.462 --> 20:32.573
It's now time for us to work together

20:32.573 --> 20:35.240
as we rebuild , renew and recover the

20:35.240 --> 20:37.351
great promise of America , and that's

20:37.351 --> 20:39.296
true . We're gonna work together .

20:39.296 --> 20:41.462
It'll work out . It'll work out . Some

20:41.462 --> 20:43.629
governors may need a little help yet ,

20:43.629 --> 20:45.740
but I think for the most part they're

20:45.740 --> 20:47.629
in good shape . We have fantastic

20:47.690 --> 20:49.890
military . We have fantastic National

20:49.890 --> 20:52.670
Guard . National Guard was barely used ,

20:53.320 --> 20:54.987
and these people have done an

20:54.987 --> 20:57.209
unbelievable job . They help The Secret

20:57.209 --> 20:59.487
Service at Washington . Secret Service ,

20:59.487 --> 21:01.709
by the way , are unbelievable . The job

21:01.709 --> 21:03.431
they did at the White House is

21:03.431 --> 21:05.542
unbeliever . There was never any form

21:05.542 --> 21:07.653
of like O G . This sounds dangerous .

21:08.240 --> 21:10.462
All I could see is what I was seeing on

21:10.462 --> 21:12.650
television , but they were outside and

21:12.650 --> 21:14.872
the Secret Service was incredible . But

21:14.872 --> 21:16.930
we were also helped by the D . C .

21:16.930 --> 21:18.763
Police and we were helped by the

21:18.763 --> 21:20.930
National Guard was unbelievable . They

21:20.930 --> 21:23.097
came in and they this was like a piece

21:23.097 --> 21:25.152
of cake . And I really am suggesting

21:25.152 --> 21:27.208
because if you look at Minnesota and

21:27.208 --> 21:29.152
the great success we had there and

21:29.152 --> 21:31.263
other places , I'm suggesting to some

21:31.263 --> 21:33.374
of these governors that are too proud

21:33.374 --> 21:35.486
in New York . I mean , you see what's

21:35.486 --> 21:37.597
going on there ? Don't be proud . Get

21:37.597 --> 21:39.652
the job done . You'll end up looking

21:39.652 --> 21:41.819
much better . In the end , call in the

21:41.819 --> 21:44.920
National Guard called me . Will have so

21:44.920 --> 21:47.031
many people more people than you have

21:47.031 --> 21:49.253
to dominate the streets . You can't let

21:49.253 --> 21:51.087
what's happening happen . Cool .

21:51.087 --> 21:53.142
Dominate the streets . You can't let

21:53.142 --> 21:55.364
that happen in New York , where they're

21:55.364 --> 21:57.587
breaking into stores and and all of the

21:57.587 --> 21:57.490
things and , by the way , hurting many

21:57.490 --> 21:59.490
small businesses , you can't let it

21:59.490 --> 22:02.150
happen . Equal justice under the law

22:03.100 --> 22:05.890
must mean that every American receives

22:05.890 --> 22:09.500
equal treatment in every encounter with

22:09.500 --> 22:11.667
law enforcement , regardless of race ,

22:11.667 --> 22:13.778
color , gender , creed . They have to

22:13.778 --> 22:17.560
receive fair treatment from law

22:17.560 --> 22:19.782
enforcement . They have to receive it .

22:19.782 --> 22:23.500
We also what happened last week . We

22:23.500 --> 22:26.330
can't let that happen . Hopefully ,

22:26.330 --> 22:28.330
George's looking down right now and

22:28.330 --> 22:30.441
saying . There's a great thing that's

22:30.441 --> 22:32.552
happening for our country . There's a

22:32.552 --> 22:32.210
great day for him . It's a great day

22:32.210 --> 22:35.720
for everybody . There's a great day for

22:35.720 --> 22:37.831
everybody . There's a great great day

22:38.780 --> 22:42.740
in terms of equality . It's really what

22:42.740 --> 22:45.650
our Constitution requires , and it's

22:45.650 --> 22:48.140
what our country is all about . I just

22:48.140 --> 22:50.307
want to finish by saying , to save the

22:50.307 --> 22:52.540
economy , we passed several pieces of

22:52.540 --> 22:55.220
critical legislation . Totally many

22:55.220 --> 22:57.387
trillions of dollars , meaning three .

22:57.740 --> 22:59.907
We're set up to do more if we want . I

22:59.907 --> 23:03.080
think we should , because we we are

23:04.190 --> 23:07.930
dominant for many years as a

23:08.740 --> 23:10.962
bite standard . But somebody that loved

23:10.962 --> 23:13.073
government , somebody that loved this

23:13.073 --> 23:15.407
country , I would watch and study . See ,

23:15.407 --> 23:17.240
just you know what I say . Study

23:17.240 --> 23:19.650
naturally studied by watching . But if

23:19.650 --> 23:21.910
you go back , China was going to catch

23:21.910 --> 23:25.040
us in 2019 and that was like a given .

23:25.050 --> 23:27.217
You know that you go back five years ,

23:27.217 --> 23:29.439
six years , seven years . It was always

23:29.439 --> 23:31.494
China will catch America , catch the

23:31.494 --> 23:34.710
United States and in 2019 and then it

23:34.710 --> 23:36.877
will become the dominant Economy never

23:36.877 --> 23:39.170
happened . It's not gonna happen . We

23:39.170 --> 23:41.281
dominated them over the last year and

23:41.281 --> 23:43.870
1/2 2 years we took in tens of billions

23:43.870 --> 23:46.350
of dollars in tariffs that they paid

23:46.350 --> 23:48.890
for . I gave some of that money just a

23:48.890 --> 23:51.001
small fraction to our farmers , which

23:51.001 --> 23:53.223
made them hold more than whole . That's

23:53.223 --> 23:55.446
why they're all in business , made them

23:55.446 --> 23:57.668
more than whole . And it came right out

23:57.668 --> 23:59.890
of the tariff money . And the reason we

23:59.890 --> 24:01.946
didn't pay is because China devalued

24:01.946 --> 24:04.057
their currency and they paid . Plus ,

24:04.057 --> 24:05.946
they also put additional money to

24:06.350 --> 24:08.572
because if they didn't do that , nobody

24:08.572 --> 24:10.628
would have bought their product . We

24:10.628 --> 24:12.628
made a great deal because of that .

24:12.628 --> 24:14.683
That's the only reason we're able to

24:14.683 --> 24:16.461
make a good deal because of the

24:16.461 --> 24:19.090
possibility of tariffs , because China

24:19.090 --> 24:21.201
has taken tremendous advantage of the

24:21.201 --> 24:23.534
United States . We helped rebuild China .

24:23.534 --> 24:26.770
We gave them $500 billion a year . How

24:26.770 --> 24:30.050
stupid has stupid are the people

24:30.630 --> 24:33.730
that represented our country with China

24:33.730 --> 24:35.990
and many other countries . But that's

24:35.990 --> 24:37.823
all changing . And it was in the

24:37.823 --> 24:40.157
process of changing very big , you know ,

24:40.157 --> 24:42.940
again , John had a very bad year before

24:42.940 --> 24:46.480
the plague , and now I think ,

24:46.490 --> 24:48.490
uh , hopefully they're gonna have a

24:48.490 --> 24:50.434
great year . I want them to have a

24:50.434 --> 24:52.657
great year but we're gonna better years

24:52.657 --> 24:52.050
than they ever had . We have a better

24:52.050 --> 24:55.330
system , much better system . We made

24:55.330 --> 24:58.660
Americans sure of themselves , and we

24:58.660 --> 25:00.438
took care of families . We gave

25:00.438 --> 25:04.290
benefits and we sent $1200 every

25:04.290 --> 25:05.990
individual making less than

25:05.990 --> 25:09.430
$75,000.4000 almost

25:09.430 --> 25:12.780
dollars . Every family of four earning

25:12.780 --> 25:15.120
less than 150,000 . That's a lot ,

25:15.120 --> 25:17.231
isn't you know when you think 150 but

25:17.231 --> 25:19.064
that's what's happening with our

25:19.064 --> 25:20.787
country . If you look at other

25:20.787 --> 25:22.787
countries , even countries that you

25:22.787 --> 25:24.898
think they're doing well , they don't

25:24.898 --> 25:27.710
talk . About 150,000 is being median

25:28.390 --> 25:31.880
$150,000 . It's tremendous .

25:32.280 --> 25:34.690
That's a great tribute to the people of

25:34.690 --> 25:37.690
our country . The job surge that we're

25:37.690 --> 25:40.160
seeing right now is widespread .

25:41.000 --> 25:43.520
Leisure and Hospitality added 1.2

25:43.520 --> 25:47.050
million jobs . Construction jobs air up .

25:47.440 --> 25:50.260
Listen to this . 464,000

25:50.720 --> 25:52.860
education and health services rose .

25:52.860 --> 25:56.240
424,000 retail traders up

25:56.250 --> 25:59.500
368,000 . And he is the one I like the

25:59.500 --> 26:01.850
best . Remember previous administration

26:02.640 --> 26:04.820
that you need a magic wand for

26:04.820 --> 26:07.530
manufacturing manufacturing , which we

26:07.530 --> 26:11.450
head up to 600,000 jobs . Prior to

26:11.450 --> 26:14.290
the blank , manufacturing rose to

26:14.290 --> 26:17.950
225,000 jobs up by .

26:18.440 --> 26:21.700
So we picked up 225,000 manufacturing

26:21.700 --> 26:23.740
jobs . That's very unexpected .

26:23.740 --> 26:25.740
Everything . Everything that you've

26:25.740 --> 26:27.907
seen this morning is unexpected . Even

26:27.907 --> 26:30.073
the pros sitting here would understand

26:30.073 --> 26:31.962
that everything . We also smashed

26:31.962 --> 26:34.184
expectations on the unemployment rate .

26:34.680 --> 26:36.236
The prediction was that the

26:36.236 --> 26:38.291
unemployment rate would rise to over

26:38.291 --> 26:41.260
20% and instead of dropped to

26:42.040 --> 26:44.760
around a little more than 13% . Slight

26:44.760 --> 26:47.420
difference . And this time , the

26:47.420 --> 26:51.200
greatest come back in American history .

26:51.200 --> 26:53.478
Kennedy is probably If you think of it ,

26:53.478 --> 26:55.533
the greatest comeback in American is

26:55.533 --> 26:57.756
you , But it's not going to stop here .

26:57.756 --> 26:59.756
It's going to keep going because so

26:59.756 --> 27:01.978
many places are closed . I was watching

27:01.978 --> 27:04.033
a great vice president today , being

27:04.033 --> 27:06.030
interviewed on CNBC . He did a

27:06.030 --> 27:07.760
phenomenal Germany . He made a

27:07.760 --> 27:09.982
statement . He said , This is not going

27:09.982 --> 27:12.340
to stop 100% . He's always attributing

27:12.340 --> 27:14.451
everything to me , but I'll attribute

27:14.451 --> 27:16.507
this statement them , he said . It's

27:16.507 --> 27:18.620
not going to stop because the numbers

27:18.620 --> 27:20.676
that you're looking at don't include

27:20.676 --> 27:22.842
all of those States that close haven't

27:22.842 --> 27:24.676
even opened yet . We're gonna be

27:24.676 --> 27:27.870
stronger . And we were when we were

27:27.870 --> 27:30.200
riding high . And our stock market is

27:30.210 --> 27:32.670
almost It's just short of an all time

27:32.670 --> 27:36.400
high . I've had 100 and 44 all

27:36.400 --> 27:39.790
time high stock markets during the 3.5

27:39.790 --> 27:41.734
year period . Nobody has ever come

27:41.734 --> 27:43.846
close to that , and we're gonna do it

27:43.846 --> 27:46.068
again . But it's gonna be even stronger

27:46.068 --> 27:48.123
than last time when I would say that

27:48.123 --> 27:48.080
you 23 months ago , I could see what's

27:48.080 --> 27:50.302
happened , have a good I've always done

27:50.302 --> 27:52.358
well with numbers , but I had a feel

27:52.358 --> 27:54.691
for it . I said it . Even the other day ,

27:54.691 --> 27:54.600
I was saying , I think we're gonna have

27:54.600 --> 27:56.711
a tremendous next year . I think it's

27:56.711 --> 27:58.780
gonna be a phenomenal next year . I

27:58.780 --> 28:01.113
didn't know it would start this quickly .

28:01.113 --> 28:03.002
I thought would start in August ,

28:03.002 --> 28:05.680
September . But it started very early .

28:05.790 --> 28:08.050
Amazing . It's an amazing thing , but

28:08.440 --> 28:10.718
it means that they're likely to return .

28:10.718 --> 28:12.551
And all of these jobs that we're

28:12.551 --> 28:15.200
talking about now aren't even included

28:15.210 --> 28:17.790
because some of our biggest places

28:17.790 --> 28:20.210
aren't opened . They're opening up now .

28:20.210 --> 28:22.432
I think New York's opening up , like as

28:22.432 --> 28:24.488
of today , and that's one of our big

28:24.488 --> 28:26.710
ones . New Jersey . They're all working

28:26.710 --> 28:28.932
are the governors were all working hard

28:28.932 --> 28:31.154
to save millions of American lives . We

28:31.154 --> 28:35.080
took that unnecessary evil . We took it

28:35.090 --> 28:37.146
out of the equation . We had it . We

28:37.146 --> 28:39.368
had to do what we did . We had a very ,

28:39.368 --> 28:43.030
very strong push not to do anything we

28:43.030 --> 28:45.570
would have lost . We would have lost so

28:45.570 --> 28:47.626
many people . But very importantly ,

28:48.300 --> 28:50.467
the economy wouldn't have been as good

28:50.467 --> 28:52.689
as it is because nobody expected this .

28:52.689 --> 28:54.800
I don't think there's anybody sitting

28:54.800 --> 28:56.911
here that can say I want to see it on

28:56.911 --> 28:59.133
tape as opposed to just so I did that .

28:59.133 --> 29:01.189
But some were predicting pretty good

29:01.189 --> 29:03.411
numbers , like people I mentioned . But

29:03.411 --> 29:05.230
we took a tremendous step and a

29:05.240 --> 29:08.290
tremendous risk , and we've gone up in

29:08.290 --> 29:10.512
a level , and this level is going to be

29:10.512 --> 29:12.512
nothing compared to what you see in

29:12.512 --> 29:14.790
coming months and especially next year .

29:15.140 --> 29:17.530
So the best strategy to ensure the

29:17.530 --> 29:19.697
health of our people moving forward is

29:19.697 --> 29:21.752
to focus our resources on protecting

29:21.752 --> 29:24.680
high risk populations like the elderly

29:25.100 --> 29:27.044
and those in nursing homes , while

29:27.044 --> 29:29.211
allowing younger and healthy Americans

29:29.211 --> 29:31.211
to get back to work immediately and

29:31.211 --> 29:33.378
open up our schools . Open him up . We

29:33.378 --> 29:35.600
understand this disease now . We didn't

29:35.600 --> 29:37.711
understand it . Nobody's ever seen it

29:37.711 --> 29:39.489
before . It's very tough , very

29:39.489 --> 29:41.711
contagious . Remain to certain people .

29:41.711 --> 29:43.767
We've learned a lot . We didn't know

29:43.767 --> 29:45.933
nobody knew anything about it . But we

29:45.933 --> 29:47.822
learned a lot and I have to thank

29:47.822 --> 29:50.120
everybody for working so hard . Jared

29:50.120 --> 29:53.250
and Mike and the task force and all of

29:53.250 --> 29:55.583
the people , the admiral , that general ,

29:55.583 --> 29:57.750
they were saying , Oh , you should use

29:57.750 --> 29:59.917
admirals I said I did . You should use

29:59.917 --> 30:02.194
generals . I said I did used them both .

30:02.194 --> 30:04.250
We had some incredible people on the

30:04.250 --> 30:06.139
task force , the job they did and

30:06.139 --> 30:07.972
getting ventilators built by the

30:07.972 --> 30:10.028
thousands . Thousands were giving to

30:10.028 --> 30:13.330
Nigeria , to France , to

30:14.180 --> 30:16.130
Spain , Italy would to many , many

30:16.130 --> 30:19.100
countries to UK . They're having a hard

30:19.100 --> 30:22.050
time . We're giving them ventilators .

30:22.240 --> 30:24.407
It's great thing I mean , very hard to

30:24.407 --> 30:27.580
make their long term items We mobilized .

30:27.590 --> 30:29.701
Nobody's ever seen anything like it ,

30:29.701 --> 30:31.646
just like the Second World , where

30:31.646 --> 30:33.757
there hasn't been a mobilization like

30:33.757 --> 30:36.110
this since the Second World War ,

30:36.120 --> 30:38.342
especially ventless because it's hard ,

30:38.342 --> 30:40.509
it's big . It's complex , very complex

30:40.509 --> 30:42.731
machinery , computerized , all over the

30:42.731 --> 30:44.787
place and very expensive . And we're

30:44.787 --> 30:46.898
building thousands a week right now ,

30:46.898 --> 30:48.953
we're building thousands a week . We

30:48.953 --> 30:51.064
have all we can use . No , governor .

30:51.064 --> 30:53.287
You hear the calls ? You listen none of

30:53.287 --> 30:52.530
those schools . Frankly , you're

30:52.530 --> 30:54.808
invited too , if you want . But you do .

30:54.808 --> 30:57.720
Anyway , even if you're not invited and

30:57.720 --> 30:59.831
you see what's going . Every governor

30:59.831 --> 31:02.900
has not been one patient in this entire

31:02.910 --> 31:04.966
massive country . And we didn't have

31:04.966 --> 31:06.854
ventilators when we started . The

31:06.854 --> 31:08.799
coverage were empty . The previous

31:08.799 --> 31:11.021
administration left us empty coverage .

31:11.130 --> 31:13.930
There isn't one patient , not one that

31:13.930 --> 31:16.510
needed a ventilator that didn't get one .

31:16.650 --> 31:18.700
Think of that and we took it about

31:19.030 --> 31:20.974
millions of people . Big country ,

31:22.040 --> 31:24.040
millions of people . Not one person

31:24.040 --> 31:26.318
needed a ventilator that didn't get it .

31:26.940 --> 31:30.060
So we want the continued blanket locked

31:30.060 --> 31:33.650
down to end for the

31:33.650 --> 31:36.700
States . We may have some members or

31:36.700 --> 31:39.620
some ashes , or we may have some flames

31:39.620 --> 31:41.620
coming , but will put them out will

31:41.620 --> 31:43.898
stop them out . We understand this now .

31:43.980 --> 31:46.202
We'll stop them out . It will stop them

31:46.202 --> 31:49.650
out very , very powerfully . So we've

31:49.650 --> 31:51.817
made a big step in our comeback . This

31:51.817 --> 31:54.150
was always going to be three months ago ,

31:54.150 --> 31:55.872
I said to you , this is a very

31:55.872 --> 31:57.761
important period this June period

31:57.761 --> 31:59.817
because we're gonna learn whether or

31:59.817 --> 32:01.870
not this is a very big powerful our

32:01.870 --> 32:04.440
word recession . Whether this is a

32:04.440 --> 32:06.440
hurricane that we recover from very

32:06.440 --> 32:08.551
quickly , we recover from in a matter

32:08.551 --> 32:12.150
of weeks or days , and we've

32:12.150 --> 32:14.500
learned we've learned again . As good

32:14.500 --> 32:17.370
as these numbers are , the best numbers

32:17.370 --> 32:19.760
are yet to come because so many areas

32:19.760 --> 32:21.704
air still closed or very partially

32:21.704 --> 32:24.210
closed . Very few , actually a fully

32:24.210 --> 32:26.377
open . These numbers are with states ,

32:26.377 --> 32:29.850
50 states and very few are fully open .

32:30.130 --> 32:32.241
Even the ones that are very out there

32:32.241 --> 32:35.210
are not fully fully opened . So we're

32:35.210 --> 32:37.154
gonna have some tremendous numbers

32:37.154 --> 32:38.877
coming in when you look at the

32:38.877 --> 32:40.710
ridership in the airlines , what

32:40.710 --> 32:42.766
they've got , they went from 2% to a

32:42.766 --> 32:44.877
number that if it's correct , that be

32:44.877 --> 32:47.043
surprised , actually , but it's a very

32:47.043 --> 32:46.940
high number . It's great . People are

32:46.940 --> 32:49.051
traveling and you know what ? They're

32:49.051 --> 32:51.107
traveling in the United States , and

32:51.107 --> 32:52.940
they're also driving and they're

32:52.940 --> 32:55.310
building the trailers that build a lot

32:55.310 --> 32:57.199
of things that driving people are

32:57.440 --> 32:59.551
people are driving . I'm after by one

32:59.551 --> 33:01.662
of those things . Drive around town .

33:01.710 --> 33:03.880
Maybe I'll drive back to New York with

33:03.880 --> 33:07.090
our first lady in a trailer . What do

33:07.090 --> 33:10.770
they call that ? RV on RV ?

33:11.070 --> 33:13.292
Well , you should know . Indiana is the

33:13.292 --> 33:15.403
capital of RV . I think I'm gonna buy

33:15.403 --> 33:17.626
an RV and travel for now . One in an RV

33:17.626 --> 33:19.626
with our first lady . I don't think

33:19.626 --> 33:21.848
anybody would mind that . So we've come

33:21.848 --> 33:23.792
together . We're coming together .

33:24.140 --> 33:26.251
We've never had a thing happened like

33:26.251 --> 33:28.680
this . We were all including the media ,

33:28.680 --> 33:30.990
were all in uncharted territory , were

33:30.990 --> 33:32.990
uncharted . Never happened before .

33:32.990 --> 33:35.046
Nobody knew . I couldn't be sure . I

33:35.046 --> 33:36.980
felt it . I felt I felt were very

33:36.980 --> 33:39.860
powerful to come back . Hardest

33:39.860 --> 33:42.027
decision I ever made was when they all

33:42.027 --> 33:44.027
walked in . A big group of people .

33:44.027 --> 33:45.916
Professionals , very professional

33:45.916 --> 33:48.193
people . Good people . They said , sir ,

33:48.193 --> 33:50.360
the best thing we could do is close it

33:50.360 --> 33:52.416
down . I said , What are you talking

33:52.416 --> 33:54.304
about ? We have this incredible ,

33:54.304 --> 33:56.471
unbelievable country that's never done

33:56.471 --> 33:58.527
better . And you want us to close it

33:58.527 --> 34:00.638
down ? I can't do that . What are you

34:00.638 --> 34:02.860
talking about ? And after listening for

34:02.930 --> 34:05.097
10 minutes didn't take long . I said I

34:05.097 --> 34:07.263
think we have to close it down because

34:07.263 --> 34:09.263
of the contagion and because of the

34:09.263 --> 34:11.319
power it had with especially certain

34:11.319 --> 34:13.486
people . Now we didn't know the second

34:13.486 --> 34:15.430
part we knew was highly contagious

34:15.430 --> 34:17.486
because it spread like fire . But we

34:17.486 --> 34:19.708
didn't know that it hits certain groups

34:19.708 --> 34:19.460
of people . That helps us so much in

34:19.460 --> 34:21.530
testing and other things . So we're

34:21.530 --> 34:24.290
gonna protect our elderly . We're gonna

34:24.430 --> 34:26.530
protect especially our elderly with

34:26.530 --> 34:28.308
problems , whether it's hard or

34:28.308 --> 34:30.419
diabetes or any problem . It's like a

34:30.419 --> 34:33.570
magnet . I mean your elderly and you

34:33.570 --> 34:37.380
have diabetes or you have a bad heart .

34:38.730 --> 34:41.590
It's Ah , it's like a magnet . They say ,

34:41.590 --> 34:45.130
if you are , if you're heavy So I say

34:45.140 --> 34:47.307
Thank goodness , some in perfect shape

34:47.307 --> 34:50.130
Thank goodness . But if you're if

34:50.130 --> 34:53.000
you're heavy , it's not good . It's a

34:53.000 --> 34:55.520
brutal , brutal thing . And again , I

34:55.520 --> 34:57.687
started by saying , We're gonna have a

34:57.687 --> 34:59.742
vaccine soon . I said it a long time

34:59.742 --> 35:01.631
ago , based on knowledge based on

35:01.631 --> 35:03.576
knowledge . I'm meeting with these

35:03.576 --> 35:05.742
geniuses based on knowledge . I said a

35:05.742 --> 35:07.909
long time ago . I said , By the end of

35:07.909 --> 35:07.180
the year , I think it's gonna be a lot

35:07.180 --> 35:09.500
sooner than that and , you know , just

35:09.500 --> 35:12.110
and finishing about vaccines , we have

35:12.110 --> 35:16.070
mobilized the logistics arm of

35:16.070 --> 35:18.181
our military . We could move hundreds

35:18.181 --> 35:20.403
of thousands of men and women in a very

35:20.403 --> 35:23.020
short time . The vaccine is easy by

35:23.020 --> 35:25.187
comparing , but we could move hundreds

35:25.187 --> 35:27.540
of thousands . It's meant for war , not

35:27.540 --> 35:29.596
meant for this . But we have our war

35:29.596 --> 35:31.707
with the invisible enemy . It's meant

35:31.707 --> 35:33.873
for war , but we could move . Hundreds

35:33.873 --> 35:35.762
of thousands didn't think of that

35:35.762 --> 35:37.873
hundreds of thousands in a very short

35:37.873 --> 35:39.929
time . The same people are doing the

35:39.929 --> 35:42.040
vaccine and they're fully mobilized .

35:42.040 --> 35:44.262
So now I'm going to sign legislation to

35:44.262 --> 35:46.680
make important changes to the P P P .

35:47.020 --> 35:49.242
That will especially help restaurants ,

35:49.242 --> 35:51.353
hotels and other businesses that have

35:51.353 --> 35:53.640
been very hard hit by the virus . This

35:53.640 --> 35:55.640
is going to make it 24 months and I

35:55.640 --> 35:57.807
think you know the legislation as well

35:57.807 --> 36:00.140
as I do . I want to thank the Democrats .

36:00.140 --> 36:02.307
We had essentially unanimous votes . I

36:02.307 --> 36:04.584
think in the Senate of the House right ,

36:05.610 --> 36:07.777
whether it's unanimous or very close ,

36:07.777 --> 36:09.888
a lot of people . But I want to thank

36:09.888 --> 36:12.054
the Democrats who worked together on a

36:12.054 --> 36:14.221
great and I hope we can get along with

36:14.221 --> 36:16.443
the Democrats . It's been a disaster in

36:16.443 --> 36:18.666
terms of relationship , but uh , I hope

36:18.666 --> 36:20.888
we get alone because it's a great thing

36:20.888 --> 36:22.888
for a country . We did all of these

36:22.888 --> 36:22.690
numbers and all of this greatest , we

36:22.690 --> 36:24.746
have the greatest economy we've ever

36:24.746 --> 36:26.857
had . It will soon be greater than it

36:26.857 --> 36:28.968
was even before we did this with this

36:28.968 --> 36:32.620
court . We did this with the Senate in

36:32.620 --> 36:36.400
a house that we're not dealing with

36:36.400 --> 36:38.511
us , and we weren't dealing with them

36:38.511 --> 36:41.810
either . The level of of , uh ,

36:43.190 --> 36:45.412
let's just say the war like pop posture

36:45.412 --> 36:47.870
is ridiculous because we have a great

36:47.870 --> 36:50.550
country . It would make a difference if

36:50.550 --> 36:52.661
we could get along . And maybe we can

36:52.661 --> 36:54.883
Maybe we can . I mean , there are a lot

36:54.883 --> 36:57.106
of differences . We want low taxes . We

36:57.106 --> 36:59.328
want closed borders . We want people to

36:59.328 --> 37:01.272
come in , but they have to come in

37:01.272 --> 37:03.106
through a merit . They want open

37:03.106 --> 37:02.840
borders . You can't have open borders ,

37:02.840 --> 37:05.173
especially now when you have a pandemic .

37:05.173 --> 37:07.284
We set a record , by the way , on our

37:07.284 --> 37:09.284
southern border , the wall what you

37:09.284 --> 37:11.284
never hear about is up to 210 miles

37:11.284 --> 37:13.229
long , and one of the reasons were

37:13.229 --> 37:15.229
setting a record as we have so much

37:15.229 --> 37:17.173
wall built and We'll have it up to

37:17.173 --> 37:19.396
almost 500 miles very early next year .

37:19.396 --> 37:21.451
By the end of this year will be over

37:21.451 --> 37:23.500
400 miles . Work to 210 miles of

37:23.890 --> 37:25.840
serious wall . This is a wall that

37:25.840 --> 37:28.290
people aren't penetrating . This is a

37:28.290 --> 37:30.810
very , very powerful wall . Gonna be up

37:30.810 --> 37:33.940
there a long time , and it's saved us a

37:33.940 --> 37:36.250
lot of anguish and grief . But you

37:36.250 --> 37:38.194
don't hear about that . One of the

37:38.194 --> 37:40.306
hardest things I've ever had to do is

37:40.306 --> 37:42.250
get the money necessary , which is

37:42.250 --> 37:44.361
billions of dollars from a party that

37:44.361 --> 37:46.472
was totally opposed to . They gave me

37:46.472 --> 37:48.528
other things . The military we could

37:48.528 --> 37:50.806
rebuild wasn't easy . In terms of that ,

37:50.806 --> 37:53.028
that's not their natural instinct , but

37:53.028 --> 37:55.028
for the world no can have . You can

37:55.028 --> 37:57.028
have it can't have it . We had nine

37:57.028 --> 37:59.083
court cases on the wall , but we won

37:59.083 --> 38:01.139
and we got it , and now nobody talks

38:01.139 --> 38:03.361
about it . Nobody even talks about it .

38:03.361 --> 38:05.361
But it's great for our country . We

38:05.361 --> 38:07.306
have to have borders and I've said

38:07.306 --> 38:10.030
often I said long before I won , I won

38:10.620 --> 38:13.600
on that great November day . Seems like

38:13.600 --> 38:16.880
a long time ago , 2016 I said If you

38:16.880 --> 38:18.991
don't have borders , you don't have a

38:18.991 --> 38:21.213
country . So we have a lot of things to

38:21.213 --> 38:23.436
work with . The Democrats . If we could

38:23.436 --> 38:25.380
work along with them , it would be

38:25.380 --> 38:27.491
great if we don't . We're going to do

38:27.491 --> 38:29.713
great as a country anyway . We're gonna

38:29.713 --> 38:29.600
do great anyway . But if we could work

38:29.600 --> 38:31.711
along with the Democrats and I'm open

38:31.711 --> 38:33.933
to it , people say I wouldn't be open .

38:33.933 --> 38:36.044
Why would I be open ? They did things

38:36.044 --> 38:38.211
that they should have never done . And

38:38.211 --> 38:37.310
you know what I'm talking about Should

38:37.310 --> 38:39.477
have never done , but I'm totally open

38:39.477 --> 38:42.500
to it . But we could go even steps

38:42.500 --> 38:44.300
further , but it's already been

38:44.300 --> 38:46.760
historic . Nobody has Dunmore in 3.5

38:46.760 --> 38:48.760
years , and this administration has

38:48.760 --> 38:50.871
done . Nobody has come close to doing

38:50.871 --> 38:52.982
the things we've done . We've rebuilt

38:52.982 --> 38:55.620
our military . We've cut regulations at

38:55.620 --> 38:58.410
a level that nobody's even come close

38:58.410 --> 39:00.743
to . And that's whether it's four years ,

39:00.750 --> 39:03.040
eight years or in one case , even more

39:03.040 --> 39:06.900
than that , nobody's done anything .

39:06.900 --> 39:10.670
Close regulations , low taxes , rebuilt

39:10.680 --> 39:12.900
military , take care of the vets . We

39:12.900 --> 39:15.011
got choice , approve of the vets . So

39:15.011 --> 39:17.011
instead of waiting in line for four

39:17.011 --> 39:19.011
weeks to see a doctor . They can go

39:19.011 --> 39:21.011
immediately outside , get a private

39:21.011 --> 39:23.067
doctor , We pay for the bill and the

39:23.067 --> 39:25.289
vet is in great shape . But we actually

39:25.289 --> 39:27.456
save money . But more importantly , we

39:27.456 --> 39:29.289
save their lives and we save the

39:29.289 --> 39:31.820
quality of their life . They were dying .

39:31.950 --> 39:34.061
They would come onto a line that have

39:34.061 --> 39:36.228
to wait for five weeks . They wouldn't

39:36.228 --> 39:38.450
be very sick . By the time they see the

39:38.450 --> 39:40.617
doctor . They'd be terminally ill . We

39:40.617 --> 39:42.617
don't have that anymore . You don't

39:42.617 --> 39:42.560
hear any bad stories about the vets

39:42.560 --> 39:44.727
anymore . That doesn't mean go out and

39:44.727 --> 39:46.838
find them . Because tonight you'll be

39:46.838 --> 39:46.790
traveling all over the world looking

39:46.790 --> 39:49.330
for an unhappy event . And we got

39:49.330 --> 39:51.497
accountability because we had a lot of

39:51.497 --> 39:54.200
bad people in the Calva accountability .

39:54.620 --> 39:56.787
What we can now fire people that don't

39:56.787 --> 39:59.310
treat our vets good . We have status ,

39:59.310 --> 40:01.477
We have thieves . We have a lot of bad

40:01.477 --> 40:03.770
people , and we can now it's called V A

40:03.770 --> 40:05.720
accountability . Almost 50 years

40:05.720 --> 40:07.776
they've been trying to get it choice

40:07.776 --> 40:09.887
almost 50 years . They've been trying

40:09.887 --> 40:12.053
to get it for many , many years . I've

40:12.053 --> 40:13.942
been hearing about it for years .

40:13.942 --> 40:16.053
They've been trying to get V a choice

40:16.620 --> 40:18.842
choice means you could have a choice of

40:18.842 --> 40:20.898
a doctor . You don't have to wait in

40:20.898 --> 40:23.009
line if you have a long line . I have

40:23.009 --> 40:25.231
to say the VA has great doctors . Can't

40:25.231 --> 40:27.342
get to him very quickly . Now they go

40:27.342 --> 40:29.009
outside and they take care of

40:29.009 --> 40:31.287
themselves . We've had a great morning .

40:31.287 --> 40:33.453
This is just the beginning is gonna be

40:33.453 --> 40:35.453
incredible . I'm going toe sign are

40:35.453 --> 40:37.453
very important piece of legislation

40:37.453 --> 40:39.342
again . Thank you very much . The

40:39.342 --> 40:41.564
Democrats . And then , uh , we're gonna

40:41.564 --> 40:43.731
have a couple of words by a few of the

40:43.731 --> 40:43.540
people standing alongside of me . I

40:43.540 --> 40:46.170
want to thank him so much and we'll

40:46.170 --> 40:47.226
talk to you soon .

40:56.110 --> 40:59.730
I like to sign . It's a very and , by

40:59.730 --> 41:01.880
the way , what's happened to our

41:01.890 --> 41:04.570
country and what you now see it's been

41:04.570 --> 41:06.970
happy is the greatest thing that can

41:06.980 --> 41:10.700
happen . Race relations , African

41:10.700 --> 41:11.700
American ,

41:14.380 --> 41:18.030
ecstatic women for every what's your

41:18.040 --> 41:21.040
brand ? Our country So strong . That's

41:21.050 --> 41:24.200
what my plan is strongest economy will

41:24.240 --> 41:27.250
be almost here . Now we have the

41:27.250 --> 41:29.583
strongest economy anywhere in the world .

41:29.810 --> 41:31.921
And now we're gonna have an economy .

41:31.921 --> 41:34.730
That Sir Howitzer . How how would a

41:34.730 --> 41:37.330
better economy Yeah , just to follow up .

41:37.330 --> 41:39.052
How would a better economy had

41:39.052 --> 41:41.108
protected George Floyd ? Sure , I'll

41:41.108 --> 41:43.330
ask after we take questions . After Sir

41:43.330 --> 41:46.130
Black unemployment went up by 1.1%

41:46.290 --> 41:48.457
Asian Americans , unemployment went up

41:48.457 --> 41:52.170
5.5% . How is that a victory ? You are

41:52.170 --> 41:54.170
something . How is that a victory ?

42:04.400 --> 42:06.567
Great achievement . Feel so good about

42:06.567 --> 42:08.920
it . This is just the beginning . The

42:08.930 --> 42:11.260
best is yet to come . Mike , would you

42:11.260 --> 42:14.870
say a few words ? Well , thank you , Mr

42:14.870 --> 42:17.460
President . And today's a great day for

42:17.460 --> 42:20.720
America . The American

42:21.280 --> 42:24.200
come back begins today . And Mr

42:24.200 --> 42:26.430
President , it is a tribute to the

42:26.430 --> 42:28.652
strong decisions that you made early on

42:28.652 --> 42:30.874
to put the health of America first from

42:30.874 --> 42:32.819
suspending all travel from China ,

42:33.270 --> 42:35.159
calling on the American people to

42:35.159 --> 42:36.881
embrace the kind of mitigation

42:36.881 --> 42:40.230
practices to to practice social

42:40.230 --> 42:44.230
distancing to under 45 days to

42:44.230 --> 42:46.790
slow the spread the way you work in a

42:46.790 --> 42:48.679
bipartisan way , we want to thank

42:48.679 --> 42:50.901
members of both parties in the Congress

42:50.901 --> 42:53.012
for working with us to provide relief

42:53.012 --> 42:55.210
for families , small businesses and

42:55.210 --> 42:57.043
enterprises across the country .

42:57.460 --> 43:00.770
Today's numbers , historic as they are ,

43:01.170 --> 43:04.810
are a testament to the to the

43:04.820 --> 43:06.709
leadership that you provided this

43:06.709 --> 43:09.420
president on medication on recovery

43:10.170 --> 43:12.260
and a Z you directed the White House

43:12.260 --> 43:14.316
Corona Virus Task Force . There also

43:14.316 --> 43:16.530
attribute to the fact that states

43:16.530 --> 43:18.720
across the country now all 50 states

43:19.800 --> 43:22.380
are reopening our country . Even before

43:22.380 --> 43:24.602
we came to the end of the 45 days , you

43:24.602 --> 43:26.769
directed us to give guidance two state

43:26.769 --> 43:28.602
governors and all the states and

43:28.602 --> 43:30.713
territories to safely and responsibly

43:30.713 --> 43:32.936
reopen . And now all of our states . In

43:32.936 --> 43:34.769
the process of doing that , it's

43:34.769 --> 43:36.936
remarkable to think that 2.5 1,000,000

43:36.936 --> 43:39.700
jobs and declining unemployment number

43:39.700 --> 43:43.000
actually dates to surveys done in mid

43:43.000 --> 43:46.210
May . Mr . President , it's remarkable

43:46.210 --> 43:48.730
that we can we can see all across the

43:48.730 --> 43:52.070
country that this is a snapshot today

43:52.070 --> 43:54.181
of the comeback that was taking place

43:54.181 --> 43:56.237
the better part of a month ago . But

43:56.237 --> 43:58.403
because of because of the guidance you

43:58.403 --> 44:00.181
gave you the American people in

44:00.181 --> 44:02.126
mitigation because of the recovery

44:02.126 --> 44:04.280
efforts that bipartisan members of

44:04.280 --> 44:07.070
Congress supported at your direction on .

44:07.070 --> 44:09.181
Ultimately , because we are reopening

44:09.181 --> 44:11.070
the country , we've begun a great

44:11.070 --> 44:13.292
American come back . So I want to thank

44:13.292 --> 44:15.348
you , Mr President . I want to thank

44:15.348 --> 44:15.060
members of Congress that were with us .

44:15.810 --> 44:17.699
I join you in thanking all of the

44:17.699 --> 44:19.810
incredible health care workers across

44:19.810 --> 44:22.032
the country , including our team on the

44:22.032 --> 44:23.977
task force and health officials at

44:23.977 --> 44:26.143
every level . Governors that have been

44:26.143 --> 44:28.310
our partners . But ultimately today is

44:28.310 --> 44:31.610
a tribute to the American people . Mr .

44:31.610 --> 44:33.610
President , I know that you've said

44:33.610 --> 44:35.666
again and again this morning that it

44:35.666 --> 44:38.100
was because the patient was strong in

44:38.100 --> 44:40.410
the beginning because the policies that

44:40.410 --> 44:42.521
you put into praised cut taxes , roll

44:42.521 --> 44:44.670
back regulation , unleash American

44:44.670 --> 44:46.892
energy fright For free and fair trade ,

44:46.892 --> 44:49.226
we created more than seven million jobs .

44:49.226 --> 44:51.337
And today the strength and resilience

44:51.337 --> 44:53.700
of the American people is shining

44:53.700 --> 44:55.710
through . And this is their day .

44:56.490 --> 44:58.560
Congratulations , America . Comeback

44:58.570 --> 45:02.520
begins , and I

45:02.520 --> 45:04.742
think , very importantly , because it's

45:04.742 --> 45:06.687
a great state and you have so many

45:06.687 --> 45:08.909
great states involved with energy . But

45:08.909 --> 45:12.210
we had , ah , basically a disaster .

45:12.660 --> 45:15.320
Just a month ago , we had a disaster .

45:15.330 --> 45:17.552
With respect to energy . It was down to

45:17.552 --> 45:19.720
zero . It was worthless . And that's

45:19.720 --> 45:21.942
five million jobs may be much more than

45:21.942 --> 45:24.053
that . Indirectly , probably close to

45:24.053 --> 45:26.331
10 million jobs . Energy jobs in Texas ,

45:26.331 --> 45:28.553
North Dakota in Oklahoma and many other

45:28.553 --> 45:30.776
states . New Mexico , Great State great

45:30.776 --> 45:33.680
energy stated speaker . And we saved

45:33.680 --> 45:35.902
that industry in a short period of time

45:36.490 --> 45:38.434
and , you know , helped us , Saudi

45:38.434 --> 45:40.760
Arabia and Russia , and that we got

45:40.760 --> 45:44.100
Mexico to do what they really had to do .

45:44.100 --> 45:46.156
And I want to thank the president of

45:46.156 --> 45:48.378
Mexico . He was terrific . In the end ,

45:48.378 --> 45:50.322
he was terrific . But we saved the

45:50.322 --> 45:52.378
energy industry that would have been

45:52.378 --> 45:54.544
catastrophic to lose it . And now it's

45:54.544 --> 45:57.030
up to almost $40 a barrel and people

45:57.030 --> 45:59.252
would have said that's impossible . But

45:59.252 --> 46:01.580
we got Saudi Arabia , Russia and others

46:01.580 --> 46:03.800
to cut back for a substantially OPEC .

46:03.810 --> 46:06.710
Plus we call it OPEC plus . But they

46:06.710 --> 46:08.810
were the leaders , and we appreciate

46:08.810 --> 46:10.977
that very much . Could I ask Kevin and

46:10.977 --> 46:12.477
Larry to say a few words ?

46:16.900 --> 46:20.770
Thank you , sir . I'll be brief

46:21.170 --> 46:23.448
as I can . I know it's pretty darn hot .

46:24.540 --> 46:27.260
I haven't noticed , huh ? You're pretty

46:27.260 --> 46:30.980
good at it . So preceding this number

46:31.030 --> 46:33.250
were a number of green shoots , as we

46:33.250 --> 46:36.650
call him in economics or finance and as

46:36.660 --> 46:38.716
president is mentioned , things like

46:38.716 --> 46:40.890
apple mobility , traveling indexes ,

46:40.890 --> 46:43.200
the housing applications for new homes

46:43.200 --> 46:46.080
are skyrocketing . New businesses and

46:46.080 --> 46:47.747
new business applications are

46:47.747 --> 46:49.858
skyrocketing , so we've seen a lot of

46:49.860 --> 46:51.950
pieces of evidence , the key to the

46:51.950 --> 46:55.320
days number 202.5 million

46:55.470 --> 46:58.700
payrolls and 3.8 million households

46:58.700 --> 47:00.922
from which the unemployment comes . The

47:00.922 --> 47:03.480
key is that those who were temporarily

47:03.480 --> 47:06.370
laid off have gone back toe work .

47:06.380 --> 47:09.730
Three million some odd , And that's

47:09.730 --> 47:11.890
because of the reopening . And that's

47:11.890 --> 47:14.112
because of the success of the president

47:14.112 --> 47:16.223
vice presidents mitigation policies ,

47:16.223 --> 47:18.001
which had to be taken . Now the

47:18.001 --> 47:20.200
reopening begins . Here's a footnote .

47:20.840 --> 47:23.090
At May 12th for the week , the survey

47:23.090 --> 47:25.900
was taken . A little less than 50% of

47:25.900 --> 47:27.733
small businesses have reopened ,

47:27.780 --> 47:29.947
according to the Chamber of Commerce ,

47:29.947 --> 47:32.002
the most recent number . In late May

47:32.002 --> 47:35.760
early June 80% 79% of small

47:35.760 --> 47:37.982
businesses reopened . So we're going to

47:37.982 --> 47:40.720
see MAWR continued progress in the June

47:40.720 --> 47:43.890
jobs numbers when they come out and I

47:43.890 --> 47:46.300
want to add . Also , my friend and

47:46.300 --> 47:48.467
colleague , Secretary Steve Mnuchin is

47:48.467 --> 47:50.522
leadership on the payroll protection

47:50.522 --> 47:53.740
program has kept people on temporary

47:53.740 --> 47:55.796
call . It kept them furloughed , but

47:55.796 --> 47:58.073
they knew they were going to come back .

47:58.073 --> 48:00.790
The PE PP is distributed $510 billion

48:01.060 --> 48:03.430
has probably saved as much as 50

48:03.560 --> 48:06.600
million jobs , and overall we've

48:06.600 --> 48:09.510
extended tax rebates and other payments

48:09.760 --> 48:13.080
159 million Americans for nearly

48:13.080 --> 48:16.880
$275 billion . The rescue package works .

48:16.880 --> 48:19.158
It was the largest in American history .

48:19.158 --> 48:21.920
Now we're seeing weekly unemployment

48:21.920 --> 48:24.180
claims coming down . Continued claims

48:24.180 --> 48:27.190
coming down . The 13.3% unemployment

48:27.190 --> 48:29.870
rate has come down , and I think as the

48:29.880 --> 48:32.290
president is noted , these trends will

48:32.290 --> 48:35.490
continue . This was a sharp , tough

48:36.170 --> 48:39.870
heartbreak in , uh , pandemic

48:39.870 --> 48:42.080
contraction . It's not a typical

48:42.080 --> 48:44.136
economic contraction . It was like a

48:44.136 --> 48:45.980
bad hurricane or bad snowstorm .

48:46.210 --> 48:48.266
There's a lot of heartache in that ,

48:48.266 --> 48:50.488
and there's a lot of hardship in that .

48:50.488 --> 48:52.710
Absolutely . But they're sharp and fast

48:52.710 --> 48:54.599
and they recover fast . And we're

48:54.599 --> 48:56.766
beginning to see this rapid recovery ,

48:56.766 --> 48:59.350
which I believe will extend well into

48:59.350 --> 49:01.239
the third quarter . On the fourth

49:01.239 --> 49:03.406
quarter . We're still looking for some

49:03.406 --> 49:05.628
20% economic growth in queues three and

49:05.628 --> 49:09.020
four and a big number in 2021 . As we

49:09.020 --> 49:11.242
move forward with presidential policies

49:11.510 --> 49:14.040
of lower taxes and regulations and

49:14.040 --> 49:16.490
energy and fair and reciprocal trade

49:16.490 --> 49:19.210
deals that created a phenomenal economy

49:19.220 --> 49:21.790
before the pandemic and can recreate

49:21.790 --> 49:23.850
and rebuild a phenomenal economy

49:23.970 --> 49:26.550
afterwards , I bring in my great pal .

49:26.760 --> 49:30.490
Heaven has . Thank you . Thank you , Mr

49:30.490 --> 49:33.530
President . And today is a historic day .

49:33.730 --> 49:35.897
But as you remind us , there's still a

49:35.897 --> 49:38.600
lot of work left to do that you know ,

49:38.600 --> 49:40.767
there were 18 million people that said

49:40.767 --> 49:42.878
that they expected to be reemployed .

49:42.878 --> 49:44.989
Three million of them came back , and

49:44.989 --> 49:44.880
it shocked economists that it happened

49:44.880 --> 49:46.936
so fast . But there's still a lot of

49:46.936 --> 49:49.102
work to do it , and that's what you've

49:49.102 --> 49:51.047
instructed us to do is to give you

49:51.047 --> 49:53.102
options so that we can get everybody

49:53.102 --> 49:55.269
else in the country back to work . And

49:55.269 --> 49:57.491
I think that the main economic lesson I

49:57.491 --> 49:57.480
take from what we've seen , in addition

49:57.480 --> 49:59.647
to Secretary of musicians , incredible

49:59.647 --> 50:01.702
work , getting the programs inactive

50:01.702 --> 50:03.620
quickly is the vice president's

50:03.620 --> 50:05.830
leadership with the task force , right

50:05.830 --> 50:07.830
at the very beginning , you put out

50:07.830 --> 50:09.660
guidance for businesses and for

50:09.660 --> 50:12.360
governors about how to open safely and

50:12.360 --> 50:13.916
because the guidance was so

50:13.916 --> 50:15.971
scientifically based , people did so

50:15.971 --> 50:18.150
with confidence and you would never

50:18.150 --> 50:20.261
have a jobs number . Like what we saw

50:20.261 --> 50:22.261
today without the confidence that I

50:22.261 --> 50:24.539
think was generated by your leadership .

50:24.539 --> 50:26.594
Mr . Vice President and Dr Berks and

50:26.594 --> 50:28.761
the rest of her team . So thank you so

50:28.761 --> 50:28.710
much for your service , sir . Thank you .

50:29.080 --> 50:31.136
Thank you very much . I just want to

50:31.136 --> 50:33.469
add will be going for a payroll tax cut .

50:33.469 --> 50:35.469
We think that will be incredible in

50:35.469 --> 50:37.469
terms of what we're doing , because

50:37.469 --> 50:39.247
again , we're gonna be bigger ,

50:39.247 --> 50:41.358
stronger , better than we ever were .

50:41.358 --> 50:43.524
That's gonna be a tremendous incentive

50:43.524 --> 50:45.302
for businesses and also a great

50:45.302 --> 50:47.136
incentive and maybe to me , most

50:47.136 --> 50:49.302
importantly for the workers . So we're

50:49.302 --> 50:51.524
gonna be asking for a payroll tax cut .

50:51.760 --> 50:53.927
Will be asking for additional stimulus

50:53.927 --> 50:56.093
money because once we get this going ,

50:56.093 --> 50:58.149
it will be far bigger and far better

50:58.149 --> 51:00.316
than we've ever seen in this country .

51:00.316 --> 51:02.316
That includes , as of three or four

51:02.316 --> 51:02.100
months ago , when everyone thought it

51:02.100 --> 51:04.790
was great and it was great . And we're

51:04.790 --> 51:06.901
gonna be doing things for restaurants

51:06.901 --> 51:09.830
and various pieces of the entertainment

51:09.830 --> 51:12.040
industry , which will be an incentive

51:12.040 --> 51:14.151
whether it's deductions or whatever .

51:14.151 --> 51:16.262
But Steve Mnuchin is gonna be working

51:16.262 --> 51:18.484
on that because the restaurants will be

51:18.484 --> 51:20.429
a little bit harder to come back .

51:20.429 --> 51:22.596
Although I must tell you , bike , I've

51:22.596 --> 51:22.530
seen some tremendous numbers from

51:22.530 --> 51:24.474
restaurants , but we're looking at

51:24.474 --> 51:26.197
doing something in terms of an

51:26.197 --> 51:28.252
incentive . With taxes , it could be

51:28.252 --> 51:30.586
deductions . It could be something else ,

51:30.586 --> 51:32.863
but we'll be announcing it pretty soon .

51:32.863 --> 51:34.752
But we will be asking despite the

51:34.752 --> 51:36.974
numbers and how good they are , because

51:36.974 --> 51:39.030
we will be so far ahead of everybody

51:39.030 --> 51:38.620
else if we do what we're doing . Our

51:38.620 --> 51:40.890
borrowing costs There was zero . So

51:40.890 --> 51:42.946
what ? Buying no interest , which is

51:42.946 --> 51:45.930
very good . And , uh , I just want to

51:45.930 --> 51:48.152
thank everybody . I'd like to ask Steve

51:48.152 --> 51:50.263
Mnuchin to say a few words , please .

51:51.760 --> 51:53.816
Thank you , Mr President and Mr Vice

51:53.816 --> 51:55.940
President . And again , I want to

51:55.940 --> 51:57.884
especially thank the Senate in the

51:57.884 --> 51:59.940
House for working with us in another

51:59.940 --> 52:02.300
example of overwhelming bipartisan

52:02.300 --> 52:04.180
support that is helping American

52:04.180 --> 52:06.236
business and American workers . Mr .

52:06.236 --> 52:08.124
President , this legislation is a

52:08.124 --> 52:10.570
direct result of you invited in leaders

52:10.570 --> 52:12.626
from the restaurant industry and the

52:12.626 --> 52:14.626
hotel industry . These air to areas

52:14.626 --> 52:16.848
that have been especially hard head the

52:16.848 --> 52:18.681
restaurants . Number one ask was

52:18.681 --> 52:20.890
extending the P P . P for 24 weeks and

52:20.890 --> 52:23.930
this legislation delivers on this . So

52:23.940 --> 52:27.520
it is great to see the $500 billion

52:27.520 --> 52:29.298
that we've put to work in small

52:29.298 --> 52:31.576
business make its way into the economy .

52:31.576 --> 52:33.798
And now you see it in these numbers and

52:33.798 --> 52:36.450
then bringing more people back to work .

52:36.450 --> 52:38.690
So not only did this save jobs , but we

52:38.690 --> 52:40.760
now see people coming back to work .

52:40.950 --> 52:43.340
And we look forward to working with

52:43.340 --> 52:46.330
Congress on bipartisan issues to make

52:46.330 --> 52:48.800
sure we get every American back at work .

52:49.190 --> 52:51.246
That was unfortunately laid off as a

52:51.246 --> 52:53.190
result of this virus . Thank you .

52:53.190 --> 52:54.870
Thank you . Okay .