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cover of episode White House responds to Democrat attacks on Elon Musk and DOGE

White House responds to Democrat attacks on Elon Musk and DOGE

2025/2/23
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Elon Musk Podcast

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Kevin Hassett
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Mike Waltz
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Stephen Miller
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Stephen Miller: 我要感谢各位今天参加我们为庆祝美国历史上最具历史意义的总统就职典礼而举办的为期一个月的庆祝活动。没有一位总统能与唐纳德·特朗普在过去30天里取得的成就相提并论。他完成了8年的变革性工作,恢复了这个国家,恢复了我们的法律,恢复了公平,恢复了经济机会,恢复了国家安全,这一切都只在一个月内完成。在这个国家,没有人见过这样的事情。当你看到他采取的行动的必然性、重要性和变革性时,它真的难以形容。例如,仅仅在一个领域,这个国家就一直受到非法歧视、多样性、公平性和包容性政策的困扰和削弱。它扼杀了我们的经济,破坏了公共安全,使生活的方方面面都变得更加困难、痛苦和不安全。他结束了联邦政府的所有DEI。他解雇了所有参与制定这些非法政策的联邦工作人员。他结束了所有联邦合同中的多样性、公平性和包容性。他恢复了功绩作为所有联邦政策的基石,首次在几代人中恢复了我们联邦民权法律的充分、公平、公正的执行。他还打击了政府和非营利组织中对美国人民进行非法种族歧视的个人。这包括向这个国家的每个教育机构明确表示,结束多样性、公平性和包容性、结束非法的种族歧视是获得联邦资金的先决条件。他还通过禁止男性参加女子体育运动来拯救女子体育运动。他结束了整个联邦政府中的激进性别意识形态,并向私营部门施压,要求其也结束和打击激进性别意识形态。他重新确立了科学和生物学的事实,即这个国家只有两种性别,男性和女性,这些都是基于生物学的决定。它们不是基于,也永远不能基于性别认同。这包括根除国防部所有DEI政策、所有批判性种族理论、所有性别疯狂,并再次拥有一个完全专注于战备、准备和杀伤力的军队。正如我确信凯文会更多地谈到那样,他当然在整个联邦政府中开展了具有历史意义的成本削减工作,启动了第一个政府效率部门,揭露了我们从未想象过的规模的腐败,解雇了我们发现参与腐败和盗窃行业以及浪费纳税人资金的每一个联邦工作人员,并且在一年内已经节省了500亿美元,在10年内将达到5000亿美元。想想这个数额是多么巨大。当然,正如你们都知道的,他已将墨西哥湾改名为其正确和恰当的名称,即美国湾。他将迪纳利山改名为麦金利山,这是在全国范围内恢复爱国主义和民族自豪感的历史性努力的一部分。他结束了联邦政府的武器化,恢复了司法部的真正使命,即打击对这个国家的威胁,确保美国人民的安全。他结束了联邦政府对言论自由的所有审查。这是困扰这个国家的最严重的危机之一。多年来,联邦政府一直在违反第一修正案,剥夺美国人民的言论自由权,特朗普总统已经结束了这一切,他要求所有联邦工作人员、所有执法部门停止任何恐吓美国人民权利或管制其言论的努力。他还恢复了司法部的死刑,包括对犯有谋杀罪的非法移民,包括对谋杀警察的人,以及对所有以令人发指的暴力行为威胁美国人民的人。死刑回来了。法律和秩序回来了。街道再次变得安全了。在公共卫生方面,他启动了该国有史以来的第一个委员会,即“让美国再次健康”委员会,在RFK Jr.获得历史性确认之后,终于揭开了这个国家公共卫生危机、儿童疾病流行、儿童癌症发病率飙升和毁灭性儿童疾病的真正根源。他最终创造了一种局面,即这个国家的联邦卫生机构将专注于预防疾病,防止儿童首先生病,而不是让他们终生进出医院,在我们可以找到方法来预防这种疾病流行时遭受不必要的痛苦。然后,当然是在国土安全方面。今天,在国会通知程序结束时,这已经正式成为法律,即六个墨西哥贩毒集团和两个跨国犯罪集团,特伦德阿拉瓜或TDA和MS-13,总共八个组织,现在正式被指定为外国恐怖组织,这意味着在美境内活动的这些组织的每一个成员现在在法律上都是恐怖分子,他们将被视为恐怖分子。这是美国政策的巨大变化,这意味着司法部和国土安全部,以及美国其他执法部门和国防部,现在在一个法律现实中运作,在这个现实中,这些贩毒集团被认为是恐怖分子,并将采取全政府努力将这些恐怖分子从我们的土地上清除,并削弱他们威胁或破坏任何美国安全或主权利益的能力。自他就职之日起,边境过境人数下降了95%。我认为即使描述这项成就的规模和范围也很难。特朗普总统在就职几天后,将边境过境人数减少了95%。那些敢于越境的人要么被起诉,要么被驱逐出境。他们要么因贩运、走私、窝藏、协助、妨碍而面临严重的监禁时间,要么立即被驱逐出境。无论哪种方式,在这个过程结束时,他们都会回家。他重新实施了“留在墨西哥”政策,并获得了世界各国在接受其被驱逐者返回方面的历史性合作。他利用美国军队,通过部署现役和国民警卫队部队,对南部边境进行了历史性封锁,恢复了基础设施建设。他开放了关塔那摩湾,并使用军用飞机在全国各地进行驱逐。ICE正在与ATF、DEA和FBI合作,开展美国历史上规模最大的驱逐行动。罪犯回家了。边境被封锁了。美国是安全、主权、自豪和自由的。我们是一个全世界都理解的国家,在这个星球上,你不能非法来到这里。你不会进来。你会进监狱。你会回家。你不会成功。这是这个国家有史以来在任何执法领域所见过的最大和最成功的变化,而他只用了不到一个月的时间就做到了。谢谢。谢谢。是的。 Kevin Hassett: 特朗普总统最关心的是创造就业机会。大约七年前,我有幸第一次在这个房间里与你们会面。看起来我们在过去一个月里创造了更多就业机会。看看这里有多少人。我估计大约有180人,但我没有数。所以谢谢。再次来到这里真是荣幸。我想我只是想回顾几件事,然后交给迈克。首先,总统告诉我们优先打击通货膨胀。他必须这样做,因为众所周知,拜登总统让通货膨胀完全失控。他用毫无意义的政策来做到这一点。它们毫无意义。人们经常对我们、我们的朋友、记者说,你们为什么要这样做?但是,你知道,我喜欢想,他们为什么要这样做?他们为什么要花这么多钱?然后美联储为什么要印这么多钱,以至于我们经历了自吉米·卡特以来从未见过的如此高的通货膨胀?所以他们为什么要这样做?所以我们正在解决通货膨胀问题。我们不需要在第一任期内解决这个问题,因为它总是以个位数出现,几乎总是如此。但我们将把它恢复到那个水平。我们怎么做呢?好吧,我们正在用特朗普总统和我以及其他人在椭圆形办公室讨论过的计划来做到这一点,该计划涉及打击通货膨胀的各个层面。首先是宏观经济层面。我们正在削减开支。我们正在与国会山的人们进行谈判,削减开支。我们正在听取我们的IT顾问埃隆·马斯克的建议,削减开支。然后我们还在研究供应方面的事情,例如恢复特朗普的减税政策,甚至可能对新工厂进行支出,以便供应激增。如果你有供应激增和政府需求减少,那么通货膨胀就会大幅下降。然后,你可能会说的一件事是,好吧,你会看到什么?好吧,当市场相信我们将控制通货膨胀时,你首先会看到的是10年期国债利率下降,因为这就是他们思考未来预期通货膨胀的方式。因此,我们仍然会看到拜登通货膨胀的一些记忆。它不会在一个月内消失。但在上一个消费者物价指数之前,10年期国债下降了大约40个基点。40个基点并不是一件容易说的事情。经济学家就是这样说的。我道歉。但思考它的方法是,对于典型的抵押贷款来说,如果这会影响抵押贷款利率,那么它将为一个典型的购房家庭每年节省大约1000美元。这仅仅是在我们第一个月。好的,我们做的第二件事是进行了大量的贸易谈判。事实上,就在几个小时前,我刚刚与霍华德·莱特尼克会见了来自墨西哥的一位部长。我们正在讨论互惠贸易,我们还在讨论芬太尼危机。因此,互惠贸易是关于我们的政府如何以其他政府对待我们的方式来对待其他政府。我们希望贸易是公平的。事实证明,美国人一次又一次地受到外国政府的不利对待,特朗普总统希望这种情况停止。当我开始关注特朗普总统要求我们做的事情时,最引人注目的是,去年,去年,我们有数据。美国公司向外国政府支付了3700亿美元的税款。3700亿美元。去年,外国跨国公司向我们支付了570亿美元的税款。我们拥有世界GDP的四分之一。他们拥有世界GDP的四分之三,而我们支付了370。他们支付了57。这不是互惠的。我们将尝试或我们将修复它。我们所做的另一件事是采取了由道格·伯格姆和克里斯以及一个非常庞大的团队、环保署领导的全面能源方法,我们已经采取了许多将影响能源价格和降低通货膨胀的行动。我们开放了6.25亿英亩的土地用于能源勘探。我们取消了50年的繁文缛节,这些繁文缛节使得你无法获得许可证。我们甚至还做到了,当你回家时,如果你买了一个新的,那么你就可以淋浴、冲厕所或在灯泡下阅读。我们也在这样做。所以最后,让我们考虑一下我们现在可以看到的事实,我们认为这些事实很棒。所以猜猜怎么了?自特朗普总统上任以来,小型企业乐观情绪上升幅度创历史新高。ISM是衡量制造业现状的指标,它在多年来首次再次扩张。首席执行官的信心达到了多年来的最高水平。人们之所以这样想,是因为我们的政策给了人们乐观的原因。然后我想重申斯蒂芬·米勒所说的话,因为这非常重要,而且对于金融市场开始消化这一点非常重要,如果说,财政部长或任何与埃隆·马斯克一起工作的内阁部长能够找到一些储蓄,比如说,1000亿美元。那么,在CBO的土地上,这实际上大约是10倍,或者在10年的时间窗口内可能是12倍。因此,当你现在考虑关于和解的谈判,并考虑,好吧,4万亿美元,5万亿美元,那么这些数字在储蓄方面最终将是微不足道的。因为我们发现的所有浪费。因此,我们对通货膨胀的未来和我们经济的未来非常乐观。我们之所以乐观,是因为我们到目前为止取得了如此大的进展,我们已经在市场价格中看到了这一点。有了这些,我将把它交给迈克。谢谢,凯文。 Mike Waltz: 一个月的时间,以及我们的外交政策、边境政策、恢复美国主权、经济政策、创造就业机会和降低通货膨胀方面发生了翻天覆地的变化。我们正在将世界带回到特朗普总统第一任期结束时的样子,那是一个和平、繁荣、展望未来并摆脱我们过去四年所见混乱的世界。因此,在过去的一个月里,仅举几例,我有幸坐在椭圆形办公室里,特朗普总统与普京总统通话,然后立即与泽连斯基总统通话。他们都说,只有特朗普总统才能让双方坐到谈判桌前,只有特朗普总统才能阻止现在已经持续了将近四年的可怕战斗,只有特朗普总统才能将世界带回和平。这两位领导人在连续两次通话中都这么说。当然,我们刚刚在沙特阿拉伯我们友好和合作伙伴的调解下进行了具有历史意义的会谈。我们非常感谢萨勒曼王储的接待,并且多年来第一次与我们坐在一起。俄罗斯人,并讨论了前进的道路,以及和平。导致这一点的原因之一是我们与马克·福格尔的释放所采取的极好的建立信任措施。我要提醒大家,我们上次从俄罗斯释放美国人时,要么我们放弃了一个致命的间谍,要么我们向盟友施压,让他们放弃一个致命的杀手,要么我们在拜登政府下释放了世界上最臭名昭著的军火商维克多·布特,顺便说一句,他的主要军火客户之一是墨西哥和中美洲的贩毒集团。我们没有放弃任何这些。这是作为建立信任措施而释放的,与我们伟大的中东特使史蒂夫·威特科夫和我们的国务卿合作,作为开启这些会谈的第一步,然后朝着和平前进。除此之外,我们仅仅在一个月内就确保了从俄罗斯、白俄罗斯、委内瑞拉、塔利班和哈马斯手中释放了12名人质。对不起,那是来自白俄罗斯,而不是保加利亚。我们也有……相当长一段时间以来,我们第一次除掉了ISIS的一名高级领导人,这是一名国际金融家和招募者,军方一直在试图除掉他相当长一段时间,坦率地说,由于官僚审批流程,他们无法做到这一点。特朗普总统说:“把他除掉”,而这位ISIS的金融家和领导人已经不在人世了。我们还采取行动消灭了中东的其他恐怖组织。在总统上任之前,他就开始谈论对那些拘留美国人的人的后果。迄今为止,只有好处。你抓走一个美国人,你会得到一些更好的交易。你再抓走一个,也许你会得到更好的交易。不再这样了。现在非法抓走美国人,无论是作为人质还是非法被拘留者,都只有坏处。当特朗普总统向中东,特别是向哈马斯发出明确的信息,说会有地狱般的报应时,我们突然看到了一线希望。现在我们刚刚看到另一批人质获释。现在已经有几十人了,包括我们再次看到与家人团聚的两位美国人。作为与阿卜杜拉国王会谈的一部分,他提出,我认为全世界都欣然接受,将2000名患病儿童、癌症患者和其他人从加沙带出来,作为一项人道主义姿态。2000名加沙人将离开现在这个地狱般的废墟,那里到处都是未爆炸的弹药、瓦砾、没有下水道、没有水。特朗普总统已经提出了一个计划,以应对目前180万加沙人真正遭受苦难的现实情况。然后,你知道,为了把它带回到我们自己的半球,我们在过去一个月里看到了,在多年的国家安全专家、负责的将军和其他人作证并敲响警钟之后,中国共产党在我们自己的半球,特别是在巴拿马运河中的存在,我们看到巴拿马领导层退出“一带一路”倡议,远离中国,回到美国,甚至开始谈判和关于解决运河两侧港口的其他谈判。最后,但并非最不重要的是,我们在白宫、椭圆形办公室接待了四位世界领导人。我们在过去四周接待了日本首相、印度首相、约旦国王,当然还有以色列首相。下周,我们将接待英国首相,我们将接待法国总统马克龙。因此,特朗普总统正在进行我们所说的“特朗普超高速”。我们都荣幸能在他领导和远见卓识下为之服务。当我们所有人说,总统本人也说,他是一位和平总统。他是一位致力于恢复稳定的总统。我认为全世界都看到了过去四年没有强大的美国领导力世界将会是什么样子。在特朗普总统的领导下,让我们回到原来的位置,回到正轨,这真是荣幸。谢谢,迈克。谢谢。

Deep Dive

Chapters
This chapter summarizes the Trump administration's key achievements in its first month, focusing on significant policy changes and actions taken across various sectors, including the economy, immigration, and national security. The administration boasts impressive progress in various areas, including border security and economic policies.
  • Ended all DEI policies across the federal government
  • Border crossings are down 95%
  • $50 billion saved in a single year through cost-cutting
  • Six Mexican cartels and two transnational gangs designated as foreign terrorist organizations

Shownotes Transcript

Translations:
中文

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The PC gave us computing power at home, the internet connected us, and mobile let us do it pretty much anywhere. Now generative AI lets us communicate with technology in our own language using our own senses.

But figuring it all out when you're living through it is a totally different story. Welcome to Leading the Shift, a new podcast from Microsoft Azure. I'm your host, Susan Etlinger. In each episode, leaders will share what they're learning to help you navigate all this change with confidence. Please join us. Listen and subscribe wherever you get your podcasts.

Hi, everyone, and welcome back to the Elon Musk podcast. I'm your host, Will Walden. And if you're new here, this is a show all about Elon Musk and his groundbreaking work that he's doing with his various companies, including Tesla, SpaceX, The Boring Company, Neuralink, and of course, X.

And before we dive into today's episode, I wanted to share a quick insight from our show's analytics. It turns out that 45% of you listening right now are subscribed to the show, and thank you for that. But that means that 55% of you are not.

So I'm offering you a deal. I promise to do everything in my power to keep bringing you the latest and most interesting news about Elon Musk every single day and about his companies if you'll do me one favor and hit the subscribe or follow button on your podcast platform right now. That's it. Pretty simple and straightforward. It takes just a second for you, but it makes a huge difference for the show. Elon Musk news. Any topic any of you wish to talk about.

President Trump set the tone on this approach immediately when he took more than 12 times the questions in his first few hours in office, as Joe Biden did in his entire first week. Yesterday, we hosted a local media row here at the White House with television and radio stations from across the country that reached up to 60 million viewers and listeners.

In our ongoing pursuit of transparency on this one-month celebration, I am thrilled to bring three of my colleagues and our policy experts here at the White House to further recap this incredible first month of accomplishments in greater detail. We have Deputy Chief of Staff for Policy and Homeland Security Advisor Stephen Miller, the Director of the National Economic Council Kevin Hassett,

and our National Security Advisor, Mike Waltz. I will hand it over to them. They will deliver brief remarks on the accomplishments of this administration in the first month, and then we will open it up to Q&A. When we open up the Q&A portion, I do ask for the sake of efficiency in this room that you direct your question to the principal you seek an answer from, and I will call on you in this room. But first, I will let them roll through their remarks. And first up, I'll turn it over to Stephen Miller. Thank you. It's great to be back.

And I want to just thank you all for joining today, our one month celebration of the most historic opening to a presidency in American history. No president comes close to what Donald Trump has achieved over just the last 30 days. He has packed eight years of transformative work.

action, restoring this nation, restoring our laws, restoring fairness, restoring economic opportunity, restoring national security in just one month. No one in this country has ever seen anything like it. And when you look at the consequentiality and the significance and the transformative nature of the actions he's taking, it truly defies description.

For example, in just one area, this nation has been plagued and crippled by illegal discrimination, diversity, equity, and inclusion policies. It strangled our economy. It has undermined public safety. It has made every aspect of life more difficult, more painful, and less safe. He has ended all DEI across the federal government. He has terminated all federal workers involved in promulgating these unlawful policies. He has ended diversity, equity, and inclusion.

in all federal contracting. He has restored merit as the cornerstone of all federal policy, restored the full, fair, impartial enforcement of our federal civil rights laws for the first time in generations. And he has cracked down on individuals across this government and nonprofits who have engaged in illegal racial discrimination against the American people. This includes making clear to every educational institution in this country

that ending diversity, equity, and inclusion, ending unlawful race discrimination is a precondition of receiving federal funds.

He has also saved women's sports by ending the participation of men in women's sports. He has ended radical gender ideology across the entire federal government, and he's pressured the private sector to also end and combat radical gender ideology. He's reestablished the scientific and biological truth that there are only two sexes in this country, male and female,

Those are biologically based determinations. They are not based and can never be based on gender identity. That includes rooting out of the Department of Defense all DEI policies, all critical race theory, all gender madness, and once again having a military that is focused solely and exclusively on readiness, preparedness, and lethality.

As I'm sure Kevin will talk about more, of course, he has undertaken a historic cost-cutting effort across the federal government, launching the first-ever Department of Government Efficiency, uncovering corruption on a scale that we never thought imaginable, terminating every single federal worker that we have found to be engaged in the corruption and theft industry.

and the waste of taxpayer dollars, and already saving $50 billion in a single year, which over a 10-year period would be $500 billion. Just think about how vast and enormous that sum is. Of course, as you all know,

He has renamed the Gulf of Mexico to his correct and proper name, the Gulf of America. He has renamed Mount Denali into Mount McKinley, part of a historic effort to restore patriotism and national pride all across this land. He has ended the weaponization of the federal government, restored the Department of Justice to its true mission of combating threats to this nation and keeping the American people safe.

He has ended all federal censorship of free speech. This has been one of the greatest crises that has plagued this nation. Years and years and years of the federal government violating the First Amendment to take away Americans' right of free speech, President Trump has ended that, and he has demanded that all federal workers, all law enforcement cease any effort to intimidate the rights of Americans or to police their speech.

He has also restored the death penalty at the Department of Justice, including for illegal aliens who commit murder, including for those who murder cops, and including for all of those who threaten Americans with heinous acts of violence. The death penalty is back. Law and order is back. The streets are being made safe once again on the public health front.

He has launched the nation's first ever commission, the Maha Commission, Make America Healthy Again, following the historic confirmation of RFK Jr. To finally uncover the true root causes of the public health crisis in this country, the childhood disease epidemic in this country, the spiraling rates of pediatric cancer and devastating childhood sickness. He is finally

created a situation where the federal health agencies in this country will be focused on preventing disease, on keeping children from getting sick in the first place, not sending them to a lifetime in and out of hospitals, suffering needlessly when we can find ways to prevent this epidemic of illness. Then, of course, on homeland security. Today, it is officially the law of the land at the conclusion of the congressional notification process

that six Mexican cartels and two transnational gangs, Tren de Aragua or TDA and MS-13, so eight organizations in total, are now formally designated as foreign terrorist organizations, which means that every single member of those organizations who operates on U.S. soil is now, as a legal matter, a terrorist, and they will be treated as terrorists.

This is a sea change in U.S. policy, and this means the Department of Justice and the Department of Homeland Security, along with the rest of U.S. law enforcement and the Department of Defense, are now operating in a legal reality where these cartels are recognized as terrorists, and there will be a whole-of-government effort to remove these terrorists from our soil and to degrade their ability to threaten or undermine any American security or sovereignty interests.

Border crossings since the day he took office are down 95%. I think it's almost impossible to even describe the scale and scope of that achievement. President Trump, within days of taking office, cut border crossings 95%. And those few who have dared to cross

are being either prosecuted or deported. They're either facing significant jail time for trafficking, smuggling, harboring, aiding, impeding,

or they're being immediately removed from our soil. Either way, at the end of the process, they are going home. He's re-implemented remain in Mexico, and he has obtained historic cooperation from foreign countries all around the world in accepting their deportees back. And he has used the United States military to fully seal the southern border with a historic deployment of both active duty and National Guard troops,

resumed the building of infrastructure. He has opened up Guantanamo Bay, and he's using military aircraft to carry out deportations all across this country. And ICE is joining with ATF, DEA, and FBI to carry out the largest deportation operation in American history. The criminals are going home. The border is sealed shut. America is safe, sovereign, proud, and free. We are a nation that everyone in the world understands and

all across this planet. You do not come here illegally. You will not get in. You will go to jail. You will go home. You will not succeed. This is the biggest and most successful change in any area of law enforcement that this nation has ever seen, and he did it in under one month. Thank you. Thank you. Yes. Well, thank you.

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Caroline, thank you, Steven. You know, one thing that President Trump cares most about is job creation. And it was about seven years ago I had the honor of joining you in this room for the first time. And it looks like we've created a lot more jobs in the last month. Look at how many people are here. My estimate is about 180, but I didn't count. So thank you. It's really an honor to be back here. I think that I just want to go over a few things and then hand it off to Mike.

The first thing is that the president has told us to prioritize fighting inflation. And he had to do that because, as you know, President Biden let inflation get completely out of control. And he did it with policies that made no sense. They made no sense. A lot of times people say to us, our friends, the journalists, why are you doing that? But but, you know, I like to think, why did they do that?

Why did they spend so much money? And then why did the Fed print so much money so that we had inflation as high as we've ever seen since Jimmy Carter? So why did they do that? So we're addressing inflation. We didn't have to address it in the first term because it was always in the ones, almost always. But we're going to get it back there. And how are we doing it? Well, we're doing it with a plan that President Trump and I and others have talked about in the Oval that involves like every level of fighting inflation.

First, the macroeconomic level. We're cutting spending. We're cutting spending in negotiations with people on the Hill. We're cutting spending with the advice of our IT consultant, Elon Musk. And then we're also looking into supply side things like restoring Trump's tax cuts, maybe even expensing new factories so that there is an explosion of supply. If you have an explosion of supply and a reduction in government demand, then inflation goes way down.

And then one of the things that you will want to say is, well, what are you going to see it? Well, the first thing that you'll see when the markets believe that we're going to get inflation under control is that the 10 year Treasury rate goes down because that's how they think about future expected inflation. And so we're still going to see some memory of Biden's inflation. It's not going to go away in a month. But the 10 year Treasury before the last consumer price index had dropped about 40 basis points.

40 basis points because markets were optimistic about our ability to fight inflation. 40 basis points is kind of not a fun thing to say. Economists talk that way. I apologize. But the way to think about it is for a typical mortgage, if that affects the mortgage rate, then it's going to save a typical family buying a house about $1,000 a year.

And that's just in our first month. OK, the second thing we've done is we've had a lot of trade talks. In fact, I was just meeting a minister from Mexico with Howard Letnick just a couple of hours ago. And we're talking about reciprocal trade and we're also talking about the fentanyl crisis. And so reciprocal trade is about our government treating other governments the way they treat us.

We want trade to be fair. It turns out that Americans have been disadvantaged by foreign governments over and over, and President Trump wants it to stop. And the fact that struck me as most noticeable when I started to look at what President Trump was asking us to do is that last year,

Last year, we have data. U.S. companies paid $370 billion in taxes to foreign governments. $370 billion. Last year, foreign multinationals paid us $57 billion in taxes.

We have one quarter of world GDP. They have three quarters of world GDP and we're paying 370. They're paying 57. This is not reciprocal. We're going to try or we're going to fix it. The other thing that we've done is we've had an all of the above energy approach that's led by Doug Burgum and Chris and a really large team, EPA,

And we've already made so many actions that are going to affect the price of energy and lower inflation. We've opened up 625 million acres to energy exploration. We've cut 50 years of red tape that makes it so you can't have permits. And we've even made it so that when you go home, if you get a new one, then you can take a shower or flush a toilet or read under a light bulb. We're doing that too.

So finally, let's just think about the facts that we can see right now that we think are awesome. So guess what? Small business optimism has gone up by the most ever since President Trump came in. ISM, which is the measure of what's going on in manufacturing, it's expanding again for the first time in years. CEO confidence is the highest it's been in years.

And the reason people are thinking this is that our policies give people cause for optimism. And then I want to reiterate what Stephen Miller said, because it's so important and it's so important for financial markets to start to digest this, that if, say, the Treasury secretary or any cabinet secretary with Elon Musk is able to find some savings,

say, $100 billion. Well, in CBO land, that's actually like about 10 times that, or maybe 12 times that over a 10-year window. And so when you're thinking about the negotiations right now over reconciliation, and thinking about, well, $4 trillion, $5 trillion, well, those numbers in terms of the savings are going to end up being small.

because of all the waste that we're finding. And so we're incredibly optimistic about the future of inflation and the future of our economy. And we're optimistic because we're making so much progress so far, and we already see it in market prices. And with that, I'll hand it off to Mike. Thanks, Kevin. Well, good afternoon.

What a month and what a sea change in our foreign policy, in addition to what we're doing on the border and restoring American sovereignty, in addition to what we're doing in our economy and the job creation and the inflation reduction. We are bringing the world back to where it was at the end of President Trump's first term, which is a world of peace, prosperity and looking forward and getting us out of the chaos

that we've just seen over the last four years. So over the last month, just to name a few, I had the honor of sitting in the Oval Office as President Trump spoke with President Putin and then immediately spoke with President Zelensky. And both of them said only President Trump could bring both sides to the table and only President Trump could stop the horrific fighting

that has been going on now for the better part of four years, and that only President Trump could drive the world back to peace. Both of those leaders said that in back-to-back calls.

And of course, we just had our historic talks mediated by our good friends and partners, Saudi Arabia. We give great thanks to Crown Prince Mohammed bin Salman for hosting and sat down for the first time in years with us.

the Russians and talked about a path forward with peace on top of that. And one of the things that led to that was a tremendous confidence building measure that we had with the release of Mark Fogel. I'll remind everyone the last time that we had an American released

from the Russians. Either we gave up a deadly spy, pressured our allies to give up a lethal killer, or we released under the Biden administration, the world's most notorious arms dealer, Victor Boot, who by the way, had one of his main clients for arms,

the cartels in Mexico and Central America. We gave up none of that. This was released as a confidence building measure, working with our great Middle East envoy, Steve Witkoff, and our Secretary of State as a first step towards opening these talks and then

Moving forward towards peace. On top of that, we've secured just in a month the return of a dozen, 12 American hostages from Russia, from Bulgaria, from Venezuela, the Taliban and Hamas. Excuse me, that's from Belarus, not Bulgaria. We also had...

For the first time in quite some time, we took out a senior leader of ISIS, an international financier and recruiter that the military had been trying to take out for quite some time and wasn't able to do so, frankly, because of a bureaucratic approval process.

President Trump said, "Take him out," and that ISIS financier and leader is no longer on this earth. We've also taken action to eliminate other terrorist organizations in the Middle East. We drove before the president was even in office. He started talking consequences for people that would hold Americans.

Heretofore, there's been nothing but upside. You take an American, you get some better deal. You take another one, maybe you get a better deal. No more. There is now nothing but downside for taking Americans illegally, either as hostages or illegal detainees. And when President Trump sent a very clear message across the Middle East, but particularly to Hamas, that there would be all hell to pay, we suddenly saw a breakthrough.

And now we just saw the release of yet another group of hostages. There have been dozens now, including two Americans that we've seen once again reunited with their families. As part of the talks with King Abdullah,

He offered, and I think the entire world is graciously accepted, to take 2,000 sick children, cancer patients and others out of Gaza as a humanitarian gesture. 2,000 Gazans will come out of that hellhole that it is, that wasteland that Gaza is right now with unexploded ordnance,

with debris everywhere, with no sewage, with no water. And President Trump has put forward a plan to deal with the practical reality that is 1.8 million Gazans now truly suffering. And then, you know, just to bring it back to our own hemisphere, we've seen literally in the last month, after years of national security experts, the generals in charge and others,

Testifying and ringing the alarm bells about the Chinese Communist Party's presence in our own hemisphere, particularly in the Panama Canal, we're seeing the leadership of Panama step away from the Belt and Road Program, move away from China and back towards the United States, and even enter into talks

and other negotiations about addressing the ports on either side of the canal. And then finally, last but not least, we've had four world leaders in the White House, in the Oval Office. We've had the prime minister of Japan, the prime minister of India, the king of Jordan, and of course, the prime minister of Israel just in the last four weeks. And next week, we'll have the prime minister of

of the United Kingdom, and we'll have the President of France, Macron. So President Trump is on what we call Trump warp speed. We are all honored to

to be really serving under his leadership and his vision. And truly, when we all say, and the president himself says, he is a president of peace. He is a president focused on restoring stability. I think the entire world saw

what the world will look like without strong American leadership in the last four years. And it's truly been an honor to get us back to where we were and back on track under President Trump's leadership. Thank you, Mike. Thank you.

Thank you, everybody. I'm sure you're very eager to ask questions of these very smart people working very hard on behalf of the president. We do have somebody in our new media seat today. We have John Stoll, who is the head of news at X. As you all know, you're all on X. It's home to hundreds of millions of users.

a large contingent of independent journalists and news organizations across geographies and political spectrums. And at the same time, X remains the go-to platform for many legacy news outlets. And I know, as I mentioned, many of the reporters in this room use X to attract eyeballs to your work.

Prior to joining X, John spent two decades in journalism, including several years as an editor at the Wall Street Journal. We are excited to have him in the briefing room today. John, we'll let you kick it off. And as I said at the top, please direct your question to the individual up here who you'd like an answer from. John, why don't you begin? All right. Thank you very much. I am sitting in for a thriving ecosystem of journalists, independent and emerging news organizations.

who do depend on X for publicity, for a business model. And so I look forward to seeing many of them in this seat.

months and years to come. I also thank you, Caroline, for opening this seat up to new media. It really is a testament not only to your open-mindedness, but also to innovation that you'd actually think about folks that are not traditionally credentialed to be in this room to be in this room and not only have a question, but also to witness. This is a very important intersection of power and the free press.

And so just the ability to witness this and be part of it brings everybody's game up. So thank you for that. I think this is for Mike. Well, my question is about Ukraine. Sure. For about more than 10 years, I've been fascinated, like many, with what's going on. I was in Northern Europe working out of the Baltics when Crimea was annexed.

And was a lot a lot of this came on Twitter. The platform used to be known as Twitter was a lot of European leaders would would would talk about their disappointment and solidarity with Ukraine. But when it came to actually doing something, it felt like they were passing a hot potato and sent it over the Atlantic.

I wonder how much of what we're seeing right now out of the administration of President Trump is a call to Europe and the European leaders and the allies that we've traditionally had to pick up that hot potato and start doing something a little bit more concrete to win and preserve the peace in Ukraine. The second question I have is it's related. Is there been some a lot of speculation that Ukraine,

President Trump and the administration might be manipulated by Vladimir Putin. I wonder if you just talk a little bit about the administration's posture and your confidence in the competence of this administration to go toe-to-toe with Vladimir Putin. Well, if there's any, I'll take the second question first. If there's anybody...

in this world that can go toe-to-toe with Putin, that could go toe-to-toe with Xi, that could go toe-to-toe with Kim Jong-un. And we could keep going down the list. It's Donald J. Trump. He is the dealmaker in chief. There is no question that he is the commander in chief. And I, for one, and I think all Americans and around the world should have

No doubt about his ability to not only handle Putin, but to handle the complexity of driving this war to an end. And then on your first piece on Europe, I'll take you back to 2014. You're right. There was a lot of hand wringing in Europe and not a lot of action.

There's also a lot of hand-wringing here in Washington under the Obama administration and not a lot of action. They literally threw blankets at the problem. And so I'll remind everyone that Putin had, you know, some type of conflict, invasion or

issue with their neighbor under President Bush with Georgia, under President Obama with Ukraine 2014, not under President Trump 45, and again with President Biden in 2022. The war should have been deterred. The war should have never happened. And I have no doubt it would not have happened under President Trump and will stop under President

President Trump again. But I just want to push back on this notion of our European allies not being consulted as we've entered into this process. I already mentioned the immediate phone call President Trump made to President Zelensky. He has talked to President Macron of France repeatedly last week. President Macron

convened European leaders and then is coming here on Monday. Prime Minister Starmer is coming next Thursday. We've also, I've talked to every one of my national security advisor counterparts

across the spectrum in Europe. I've talked to Secretary General Ruta, the leader of NATO, the Secretary General of NATO. We have repeatedly, oh, by the way, we had half our cabinet, seven cabinet officials, including the vice president at the Munich Security Conference, all engaging, all listening, and all making sure our allies are heard. However, we've also made it clear for years

decades even, that it is unacceptable that the United States and the United States taxpayer continues to bear the burden, not only of the cost of the war in Ukraine, but of the defense of Europe. We fully support our NATO allies. We fully support the Article 5 commitment. But it's time for our European allies to step up. And one of the things that Secretary General Ruta said on our call was,

This last couple of weeks have been a real wake-up call. And I asked them, what have you been missing the last couple of years? The fact that we are going to enter into a NATO summit this June with a third of our NATO allies still not meeting the 2% minimum, a commitment they made a decade ago

literally a decade ago with a war on their doorstep, the largest war that they're all extremely concerned about. But yet it's, well, somebody else needs to pay. We've got other domestic priorities. It's unacceptable. President Trump's made that clear. And the minimum needs to be met. We need to be at 100% in this June at the NATO summit. And then let's talk about exceeding it, which is what President Trump has been talking about with 5% of GDP. Europe needs to step up.

for their own defense as a partner. And we can be friends and allies and have those tough conversations. - Great, Peter. - Thank you, Caroline. I have a Ukraine one and a Doge one. Who can talk Doge? - Stephen Schultz. - Stephen Schultz. - All of us. - Well, so Stephen, we're hearing about these Doge dividend checks that would be 20% back to taxpayers, 20% to pay down the debt. 60% is left. Who gets that?

Well, the way that it works is when you achieve savings, you can either return it to taxpayers, you can return it to our debtors, or it can be cycled into next year's budget and then it just lowers the overall baseline for next year. So in other words, you can just transfer into the next fiscal window and then lower the overall spending level. And that means that you can achieve a permanent savings that way. And that reduces the deficit.

And when is it that people might see those checks? Well, it's all going to be worked on through the reconciliation process with Congress that's going underway right now. As you've seen, the Senate's moving a bill. The House is moving a bill. The president has great confidence in both chambers to deliver on his priorities. I would just take this opportunity to note that President Trump has made a historic commitment

to the working class of this country to fight for a major tax relief and major price relief. And cutting spending, as Dozier is doing, and cutting taxes is the key to delivering on both of those promises. And President Trump is resolutely committed to doing both. Thank you. And on Ukraine, I guess this is for Mike. Sure. After the president's post on Truth Social yesterday, need to know, who does he think is more responsible for the Russian invasion of Ukraine, Putin or Zelenskyy?

Well, look, his goal, Peter, is to bring this war to an end, period. And there has been ongoing fighting on both sides. It is World War I-style trench warfare. His frustration with President Zelensky that you've heard is multifold. One, there needs to be a deep

appreciation for what the American people, what the American taxpayer, what President Trump did in his first term and what we've done since. So some of the rhetoric coming out of Kyiv, frankly, and insults to President Trump were unacceptable, number one. Number two, our own Secretary of Treasury personally made the trip to offer Ukrainians what can only be described as a historic

opportunity. That is for America to co-invest with Ukraine in their minerals, in their resources to truly grow the pie. So case in point, there's a foundry that processes aluminum in Ukraine. It's been damaged. It's not at its current capacity. If that is restored, it would account for America's entire imports of aluminum for an entire year.

that one foundry. There are tremendous resources there. Not only is that long-term security for Ukraine, not only do we help them grow the pie with investments, but we do have an obligation to the American taxpayer in helping them recoup the hundreds of billions that have occurred. So rather than enter into some constructive conversations about

what that deal should be going forward. We got a lot of rhetoric in the media that was incredibly unfortunate. I could just tell you, Peter, as a veteran, as somebody who's been in combat, this war is horrific. I think we've lost sight of that, of the literally thousands of people that are dying a day, families that are going without the next generation. I find it kind of

you know, frankly ridiculous. So many people in Washington that were just demanding, pounding the table for a ceasefire in Gaza are suddenly aghast that the president would demand one and both sides come to the table when it comes to Ukraine, a war that has been arguably far greater in scope and scale and far more dangerous in terms of global escalation to U.S. security.

And I do have one for Caroline. Does President Trump have a bet with Trudeau about this USA-Canada hockey team tonight? And when there is a big hockey game on, is the president watching for the goals or for the fights? Probably both. I think he's watching for the United States to win tonight. I know he talked to the USA hockey team this morning. He talked to the players after their morning practice around 10 o'clock.

And I also spoke to some folks from that team after they were jubilant over President Trump's comments to the team. I believe they're going to put out a video of that call. So he looks forward to watching the game tonight. And we look forward to the United States beating our soon to be 51st state, Canada. Bloomberg, go ahead. My question is for Mike Waltz. Can you give us a readout of the last meeting with Zelensky that just wrapped up? And in particular, Zelensky publicly rejected this deal about the rare earth minerals. Where does that stand?

Well, we're going to continue to have he needs to come back to the table and we're going to continue to have discussions about where that deal is going. Again, we have an obligation to the taxpayer. I think this is an opportunity. The president thinks this is an opportunity for Ukraine going forward. There can be.

in my view, nothing better for Ukraine's future and for their security than to have the United States invested in their prosperity long term. And then a key piece of this has also been security guarantees. Look, the reality that we're talking about here is, is it in Ukraine's

Ukraine's interest? Is it in Europe's interest? It certainly isn't in Russia's interest or in the American people's interest for this war to grind on forever and ever and ever. So a key part of his conversation was helping President Zelensky understand this war needs to come to an end, this kind of open-ended mantra that we've had under the Biden administration,

That's over. And I think a lot of people are having a hard time accepting that. And then the other piece is there's been discussions from Prime Minister Starmer and also President Macron about European-led security guarantees. We welcome that. We've been asking Europe to step up and secure its own prosperity, safety and security. So we certainly welcome that. And we certainly welcome more European assistance, as I told my counterparts,

Come to the table with more if you want a bigger seat at the table. And we've been asking for that for quite some time. And has Russia pushed for sanctions in your talks with them? And have you consulted with international partners and allies about potentially rolling back sanctions in these negotiations to end the war? The talks with our Russian counterparts, both with my counterpart, the National Security Advisor,

Secretary Rubio's counterpart, the foreign minister, Foreign Minister Lavrov,

You know, it really was quite broad, focused on what is the goals for our broader relationship, but very clear that the fighting has to stop to get to any of those brighter goals. And as a first step, we're just going to do some common sense things like restore the ability of both of our embassies to function. And again, you know, this is common sense in

In foreign policy world, they call it shuttle diplomacy. We have to talk to both sides in order to get to both sides to the table. And both sides have said only President Trump could do that. Deanna. Thank you. My question is for Mike Waltz. All right. The president has called Zelensky a dictator. Does he view Putin as a dictator? And does he want Zelensky out of power? I know he's called for elections.

And then thirdly, the head of the Defense Committee in Ukraine's parliament just has claimed that the U.S. has stopped selling weapons to Ukraine. Is that true? Well, most of our weapons that have gone to Ukraine have been part of a drawdown authority where we've literally taken them out of our stocks.

and then eventually through appropriations started buying them again to refill our stocks. I'll just state that there has been a lag in a lot of that process. So many of our stocks, as we look at our operations around the world, are becoming more depleted. That's one of the reasons many people have had a lot of concern about when does this end?

How much is it going to take? How many lives will be lost? How much will we spend as a member of Congress? We repeatedly asked the Biden administration those questions, and we never got a satisfactory answer. Look, President Trump is obviously very frustrated right now with President Zelensky, the fact that he hasn't

come to the table, that he hasn't been willing to take this opportunity that we have offered. I think he eventually will get to that point, and I hope so very quickly. But President Trump, as we made clear to our Russian counterparts, and I want to make clear today, he's focused on stopping the fighting and moving forward. And we could argue all day long about what's happened in the past.

Reagan. Yeah, what about, what about, excuse me, I just called on Reagan. Reagan, go ahead. I have a question for Stephen and a question to Mike. Stephen, I can start with you. There have been reports that Trump is unhappy with the rate of deportations and he wants them to be hired. Is the president happy with the rate of deportations and are there any plans to speed up the process?

Well, first of all, we all appreciate the encouragement from the media to deport as many illegal aliens as humanly possible. So thank you. And I will promise you that the full might of the Department of Homeland Security, the Department of Justice, the Department of Defense, and every element and instrument of national power will be used to remove with speed all criminal illegals from the soil of the United States of America to enforce final removal orders and

and to ensure that this country is for American citizens and those who legally belong in this country. We inherited an ICE that was completely shuttered. We inherited a Department of Homeland Security whose sole mission was to resettle illegal aliens within the United States of America. In 30 days, the president sealed the border shut, declared the cartels to be terrorist organizations,

has increased ICE deportations to levels not seen in decades, and we are shortly on the verge of achieving a pace and speed of deportations this country has never before seen. Thank you. And Mike, there have been reports that there's some underground opposition to Trump's pick for Undersecretary of Defense and Policy, Elbridge Colby. Have you or anyone from the administration been personally lobbying senators to support

support helpers, Colby? Look, I've worked with Bridge Colby in the past. He has the president's full support to be the undersecretary of policy, which will be a critical policy arm for Secretary Hegseth going forward that will implement a lot of these policies. And really, that's been to the extent of it. I think there's been a lot of kind of breathless

I don't know, back and forth in the press, but we're full speed ahead to get the president's team in place so we can implement his America First policy. Thank you. Mike has spoken pretty extensively. Does anybody have questions for Stephen or for Mr. Hassett? Nobody wants to talk about the economy?

Sure. IRS. Okay. This could be for either one of you. So we reported several other outlets have reported that about 3,500 people are due to lose their jobs at the IRS by the end of the week. If the goal of these spending cuts across the federal government has been to reduce the debt

Why impose some of the deepest cuts we've seen so far at the agency responsible for raising revenue for the federal government? Well, I think our objective is to make sure that the employees that we pay are being productive and effective. And there are many, many more than 100,000 people working to collect taxes and not all of them are fully occupied. And the Treasury Secretary is studying the matter and feels like 3,500 is a small number.

and probably can get bigger, especially as we improve the IT at the IRS. And so I think that it's absolutely something that is on the table for good reasons. And the point is that

Don't just talk about the IRS. Talk about all of government. There are so many places. I live in D.C. You maybe live in D.C. where nobody's going to the buildings. People aren't commuting because nobody's doing their job. We look back and we see that there are all these people doing two jobs while they're getting a government payroll on the payroll. So the point is we're fixing that. And the IRS is a small part of that picture. So you're saying that everybody who's being let go was doing a bad job? Yeah.

I'm saying that we're studying every agency and deciding who to let go and why. And we're doing so very rationally with a lot of support from analysis. Because we're being told by a lot of people who have been let go at other agencies that they were told they were being dismissed because of poor performance, when in some cases,

They haven't even had a performance review yet because they've only been on the job a couple of months. Yeah, I've never seen a person who was laid off for poor performance to say that they were performing poorly. Okay. Good point. Sure, Caitlin. I have a question. I'll start with you, Kevin. Thank you for being here. And I've got a question for Mr. Waltz. On these potential checks that you might send out from Doge, is there a concern as you're thinking through this that they could be inflationary?

Oh, absolutely not. Because imagine if we don't spend government money and we give it back to people, then if they spend it all, then you're even. But they're probably going to save a lot of it, in which case you're reducing inflation. And also when the government spends a lot, that's what creates inflation. We learned that from Joe Biden. And so if we reduce government spending, then that reduces inflation. And if you give people money, then they're going to save a bunch of it. And when they save it, then that also reduces demand and reduces inflation.

Okay, so you're not worried about it. And Mr. Walt, to follow up on Peter's question, you wrote in an op-ed in the fall of 2023 that, quote, Putin is to blame, certainly like Al-Qaeda was to blame for 9-11. Do you still feel that way now, or do you share the president's assessment as he says Ukraine is to blame for the start of this war? Well, it shouldn't surprise you that I share the president's assessment on all kinds of issues. What I wrote as a member of Congress was as a former member of Congress. Look, what I share the president's assessment on

is that the war has to end. And what comes with that? What comes with that

should be at some point elections. What comes with that should be peace. What comes with that is prosperity that we've just offered in this natural resources and economic partnership arrangement and into the killing and European security and security for the world. The president's not only determined to do that in Europe, he's determined to do it in the Middle East. And just a few months ago, we had an administration that had tried for 15 months

week after week, sitting with you here and couldn't get us to a ceasefire, couldn't get our hostages out. Now we're at that point. We're back to the maximum pressure on Iran. And we will, we have just begun and we will drive towards a ceasefire and all of those other steps. I'm not going to pre-negotiate or get ahead of the sequencing of all of that. It's a very delicate situation. But this is a president of peace. And who here would argue against peace? Okay, so you do share that assessment?

And can I follow up? In 2017, President Trump. Go ahead. Thank you. You just have two questions, Keith. Jordan, go ahead. I have an important follow up. Jordan, go ahead. So, Mr. Hassett, you were speaking about tariff revenue and you also addressed a question about the IRS. President Trump has spoken about replacing income tax with tariff revenue, especially with all this waste, fraud and abuse that we're seeing. Is that a possibility?

Absolutely. And in fact, if you think about the China tariff revenue that we're estimating is coming in from the 10 percent that we just added, plus the de minimis thing, that it's between 500 billion and a trillion dollars over 10 years is our estimate. And that's something that is outside of the reductions that markets are seeing through the negotiations up on the Hill. And so we expect that the tariff revenue is actually going to make it much easier for Republicans to pass a bill. And that was the president's plan all along.

Thank you. Steven Miller about Doge. So you spoke about Doge. You said roughly $50 billion is set to be cut in a year of waste, fraud, and abuse by unelected bureaucrats. We're hearing this ironic narrative from the president's critics and the left-wing media that Elon Musk is an unelected bureaucrat and he's doing all this terrible stuff. Isn't one of Doge's objectives to...

Get rid of the federal bureaucracy, the deep state. And also, who was running the White House when Joe Biden was in office? Because I don't know a single person who believes it was Joe Biden. You're tempting me to say the very harsh things about some of our media friends.

Yes, it is true that many of the people in this room for four years failed to cover the fact that Joe Biden was mentally incompetent and was not running the country. It is also true that many people in this room who have used this talking point that Elon is not elected fail to understand how government works. So I'm glad for the opportunity for a brief civics lesson. A president is elected by the whole American people. He's the only official in the entire government.

That is elected by the entire nation, right? Judges are appointed. Members of Congress are elected at the district or state level. Just one man. And the Constitution, Article 2, has a clause known as the Vesting Clause. And it says the executive power shall be vested in a president. Singular. The whole will of democracy is imbued into the elected president. That president then appoints staff.

to then impose that democratic will onto the government. The threat to democracy, indeed the existential threat to democracy, is the unelected bureaucracy of lifetime tenured civil servants who believe they answer to no one, who believe they can do whatever they want without consequence, who believe they can set their own agenda no matter what Americans vote for. So Americans vote for radical FBI reform,

And FBI agents say they don't want to change. Or Americans vote for radical reform under energy policies that EPA bureaucrats say they don't want to change. Or Americans vote to end DEI, racist DEI policies. And lawyers in the Department of Justice say they don't want to change. What President Trump is doing is he is removing federal bureaucrats who are defying democracy by failing to implement his lawful orders

which are the will of the whole American people. Thank you.

Thank you very much, everybody. I'm looking at the clock. We've almost had an hour of time. I know a couple of these individuals have a meeting to get to at 2 p.m., so you're welcome to follow up with my team for further questions. We're going to let these guys get back to running the United States government, and we will see you all later. President Trump will be speaking at 3 o'clock at the Black History Month reception, so thank you. It's good to see you. We'll see you in a bit. Thanks.

stephen on the applause should we expect your diamonds to the united states probably probably found let's love to follow up with you just to have carol okay thank you

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