00:00Mr. President, you mentioned how much of a rate cut you could do to the interest on the debt.
00:09Earlier today, Director Pulte was on CNBC talking about how he suggested Powell should resign.
00:16Any comments on whether or not Powell should step down?
00:19Well, I don't have a comment. I'd love him to resign if he wanted to. He's done a lousy job.
00:24Look, if you were there, you'd say, well, you know, the United States is doing well.
00:31They have no inflation. And if they do get inflation in a year or two, we'll put we'll start raising the risk.
00:37We'll get rid of the inflation. You don't do other things.
00:41Biden had the worst inflation in the history of our country.
00:45Nineteen percent. But I think it was much higher than that.
00:48Frankly, they say 19 percent. I say I think it's a lot higher than that.
00:51And we have almost no inflation now. We've done a great job in a short period of time.
00:56Energy prices are way down. Gasoline now is down to close to two dollars in a lot of places.
01:02A couple of places I see it even broke. It's like one ninety eight a gallon.
01:07We've done a great job on inflation and honestly, pretty much everything else.
01:11I think that I think it's very sad the way people act.
01:18You know, you have a guy in there that with the stroke of a pen could lower interest rates and save us hundreds of billions of dollars a year.
01:27But he's a stupid person. You know, it's very interesting.
01:31He I I'm not sure if he doesn't understand it because you should be able to understand it.
01:38It's sort of one on one economics. But I'm not sure of that.
01:41But think of it with the stroke of a pen.
01:44He talks about costs. We can save six hundred billion dollars.
01:50Maybe even these are nice numbers for you. Right.
01:53Nine hundred billion, nine hundred and fifty billion dollars by lowering interest rates.
01:57And it's really just more of a paper movement.
01:59It's not like you're not cutting anything. You're not cutting jobs.
02:02It's just interest rates. And we're number 40 or 44, number 45.
02:09Some places that you wouldn't believe that, you know, I don't want to be disparaging, but they pay a lower interest rate than the United States of America.
02:17And without us, everything blows up. You know, we sort of control the world in that sense.
02:22But we have a guy that's just a stubborn mule and a stupid person that is making a big mistake.
02:29He's making a mistake. And it lasts for years because when you do the debt now, I've instructed my people not to do any debt beyond nine months or so.
02:39Get this guy out. And whoever is in there will lower rates.
02:43If I don't if I think somebody is going to keep the rates where they are or whatever, I'm not going to put them in.
02:49I'm going to put somebody that wants to cut rates. There are a lot of them out there.
02:52And I said this morning, a lot of the business shows today were saying, you know, Trump is right.
02:56He should be cutting rates. Think of it. We have a great country.
03:00We're making a lot of money. We're taking in billions of dollars in tariffs.
03:03We have one. We have 15 trillion dollars of money that wants to be invested here, which is a record in two months.
03:10It breaks any record that we've ever had for a whole year and not even close.
03:16Fifteen trillion. And it's going to be much higher than that.
03:19That's after essentially two months because, you know, we've been doing it for about two months, two and a half months.
03:25Fifteen trillion dollars breaks every record in the book.
03:29There's never been anything like this. We have factories moving in.
03:31We have car plants moving in. We have everyone wants to be part of the United States.
03:36And as I told you, and I say to everybody, when I was in the Middle East, the king of Saudi Arabia, Qatar, UAE, all great leaders.
03:44They have all great leaders. All three of them said you got the hottest country in the world and you did it.
03:49And at that time, I was there for four months because we got back a little while ago.
03:53But everybody says it. Not only them. We have the hottest country in the world right now.
03:58The only thing is we have a Fed chairman that is he doesn't get it.
04:03And you could have substantially low.
04:06Like if we cut him two points would save more than 600.
04:10Think of it more than six hundred billion dollars just because you cut.
04:13But you can't go out to the market and say, well, we have a guy that's got us at four percent or four and a half percent.
04:18And we want to pay two percent or one percent.
04:21I think we should be paying one percent right now.
04:24And we're paying more because we have a guy who's suffers from, I think, Trump derangement syndrome, if you want to know the truth.
