WEBVTT

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We've all heard it . It became hot .

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Lee became very wealthy . Lee Greenwood ,

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he's fabulous , and I want to thank him .

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He's been with us from the beginning ,

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a great guy , great talent . And uh

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Pennsylvania , you are really rocking .

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You are , you got the big ones here .

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And uh David .

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No , I'm in a world where I'm shaking

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hands with all celebrity business

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people , mostly , but they're biggest

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names in business and they're all

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spending money in our country , but

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they're all spending money in

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Pennsylvania , so I just want to say

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thank you , but this is a hot place .

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It's we would say it's a hot

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Commonwealth . Never call it a state ,

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you're in deep trouble . I've seen

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people's political careers end over

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that . Just call it a Commonwealth . A

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lot of people don't remember that . But

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I just , uh , I think it's great to see

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what's going on and to see the kind of

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genius that I'm surrounded by all of

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the people that I met backstage , but

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pure genius . I want to thank . Senator

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David McCormick for organizing this

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extraordinary event and I came to

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another one with you about a year ago

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and that was a monster , but it wasn't

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like this one . This is even beyond . I

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was on energy and it was very

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impressive , but this is something

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crazy what's going on . Outstanding

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work on behalf of the incredible people

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of Pennsylvania . You know , he

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followed me along the campaign trail ,

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and he had a tough race . It was a

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tough race . A lot of people wouldn't

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have had the courage to do it . It

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takes guts to run for office . People

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don't know that . Only the people that

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never get there know it , but the fact

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that you did what you did , you did it

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once and you did it really well , but

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things didn't work out and you did it a

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second time against actually a much

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tougher opponent . And it wasn't even

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close , so I just want to , I think

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he's a great guy , great spectacular

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guy with a with a great helper , right .

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But we're here today to celebrate a

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colossal victory for this Commonwealth

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and for the entire nation . This

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afternoon we're announcing nearly $10

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billion of new investments in our

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defense industrial base right here in

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the great Commonwealth of Pennsylvania ,

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and these investments will create more

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than 4000 jobs . Pennsylvania workers

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will build the ships , submarines ,

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trucks , weapons , and industries that

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will ensure America remains the

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strongest and most powerful nation . In

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the history of the world we're doing

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better now than we've ever done . We

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have $19.2 trillion .

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We used to go a million dollars , then

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we went billion dollars . Now we're

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into the trillions , but there's never

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been anything like it . The country is

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as hot as it's ever been , and we're

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doing really well with Iran . The

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Islamic Republic of Iran is not happy

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right now . Should have been done 47

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years ago . Should have been done at

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least during the 47 year period , and

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it wasn't . Other presidents didn't do

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what was right . They should have done

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it a long time ago . It would have been

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much easier , and they want to settle

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so badly they don't like what we're

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doing , and they do want to settle .

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We'll find out whether or not we settle

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with them or we just finish it off ,

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but I want to thank Secretary of War

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Pete Hegseth . He's been amazing . Pete ,

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thank you very much . Great job .

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He's been really amazing , you know ,

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he used to do interviews . All he

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wanted to talk about is war . Sir ,

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would you give a pardon to 19 soldiers ?

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Why ? Why ? Well , they killed a lot of

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people . They were trained to kill and

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that's what they did , and he pardoned

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a lot of people , but they've all been

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well behaved , right ? OK , good ,

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otherwise it'll be a big story . Trump

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shouldn't have let them go , but I'm

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blaming you , Pete , OK . But he was

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very successful actually in television .

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I think he probably hated it because he

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can't love anything more than what he's

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doing right now , and he's doing it

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incredibly well , so great job , Pete .

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Appreciate it . Small Business

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administrator Kelly Loeffler , Kelly ,

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whoever you may be . Thank you very

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much . She's great . Secretary

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of the Army , Dan Driscoll , who's

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really out there with that beautiful

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smile . With that beautiful smile , but

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he's actually a killer . Look at that

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beautiful , nice face , everything's so

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happy , he's a killer , would you

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believe it ? Those are the , those are

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the best guys actually . Commanding

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General of the Army , Trevor Bredenkamp .

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Trevor , thank you very much .

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And a couple of warriors in a different

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way , but they are great , Scott Perry

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and John Joyce , congressmen , and they

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are fantastic , and they've been my

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friends for a long time . Where are you ?

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You've been my friends for a long time .

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They're tough cookies and they uh they

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want what's right for the country .

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Thanks as well to your amazing state

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treasurer Stacey Gerrity who is running

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for governor , and I'm telling you this

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guy Shapiro is totally overrated . I

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watched him the other night doing a

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speech and he does not have what it

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takes . Maybe he'll win and he's

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expected to win , but I hear things

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about Stacy and I'm hearing some poll

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numbers that are very good , but

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Shapiro , he doesn't have what it takes .

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People think that's a horrible

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statement to make , but that's the way

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politics is . That's the way it is . I

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tell the truth . Attorney General David

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Sunday . David , thank you very much .

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Great job , I hear . And a

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very probably the most important person

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in the room is Senator McCormick's wife ,

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Dina . I mean , I know Dina , Dina

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worked for me for 4 years . She worked

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for me . I know her almost as well as

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David , hopefully not quite as well ,

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but Dina she's been amazing and she's

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gotten a very nice position as the

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president of Meta , working with a very

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good guy , so a lot of good people ,

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but one in particular , so good luck in

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doing a fantastic job . Thank you . She

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she was great . She worked in the

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administration first term and she was

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fantastic . We also have a big name , a

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very big name , a very brilliant name ,

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somebody who's done , I guess , in the

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history , I , I'll make enemies when I

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say this , but I shouldn't because I

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think it's true . Uh , Jamie Dimon is

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maybe the greatest banker in this

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country in many , many decades , so

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CEO of JPMorgan Chase , thank you ,

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Jamie . The

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president of General Dynamics , Danny

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Deep , and you know they make the

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greatest submarine in the world . They

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just have to make them faster . Danny ,

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will you please make them faster ?

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That's true with all of the munitions

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people actually faster , we need a

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little more speed . We have the best

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quality in the world , but we need a

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little more speed . The president of

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HNWA Defense USA , Michael Coulter ,

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thank you , Michael , out there .

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The president and total boss of Boeing ,

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that Kelly Ortberg , who's a terrific

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guy . I think he just gave me the award

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for being the salesman . He started of

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the year . I said that's not the year .

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Then he said , What about the decade ?

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Nope , much more than that . So it's

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the salesman in the history of Boeing .

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I have sold more Boeing planes , over

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1000 , and nobody comes close . You

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know what I got for that ? Nothing . I

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get nothing . Now if I was in the

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private sector , I'd say I want a piece

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of the company for that , right ? But

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Kelly , you've done a great job .

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You're bringing it back and you're up

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to 44 planes now at 44 . They're

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producing the planes at a very rapid

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rate , and Kelly has done a tremendous

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job . President of Northrop Grumman ,

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Cathy Wharton made a just . They showed

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us a plane that I like a lot .

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President of Lockheed Martin , Jim

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Takelet . Jim , thank you very much .

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Thank you , Jim . Good job you're doing .

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President and CEO of Blackstone , a

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friend of mine from the real estate

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wars , he was a brilliant guy . I

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always said this guy's always there

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first . What's with him ? John Gray ,

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he's a real real estate genius and

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other geniuses . Now real estate , he

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doesn't even have to participate , he

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said , but you've done a great job and

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say hello to you know who . He's a

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tremendous guy . He's been a big help .

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He's been a Steve has been a big help .

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Co-chairman of TWG Global , Thomas Tal .

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Thank you , Thomas .

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CEO of Divergent Technologies , Lucas

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Zinger , I just saw some of their

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technology . It's amazing . I saw some ,

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some of those things backstage . You

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don't want to talk about them . They're

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pretty amazing . CEO of EQT Toby Rice .

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Thank you , Toby . President of

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North America's Building trades unions .

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He's the most powerful man in the room .

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It's Dina for the women , and it's this

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guy for the men . Sean McGarvey ,

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thanks . Thanks , man . Good guy too ,

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and the founder of Valor Equity

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Partners , Antonio Gracias , and he's

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somebody highly respected by everybody ,

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including my family , my kids , and

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also helped us tremendously working at

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the early stages of the administration

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with cost because we inherited a cost

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mess and he was fantastic and I want to

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thank him and Elon too . Elon did a

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fantastic job . This year we're

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celebrating the 250th anniversary of

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American freedom , and no state has

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been more central to protecting that

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freedom than the Commonwealth of

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Pennsylvania . Pennsylvania is where

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America declared its independence ,

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where George Washington crossed the

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Delaware , where the Union was saved by

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the heroes of Gettysburg . What a war

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that was when you read about it , and

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where Pennsylvania workers poured the

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iron and steel that won two World Wars

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and won lots of other things in

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addition . With today's announcement ,

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Pennsylvania will play a key role in

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building the arsenal of freedom to

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defend our nation . In the modern world

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we have things happening in this state .

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I think really people don't know what's

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happening in Pennsylvania . People

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aren't really literally they're not

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able to even fathom what's going on .

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I'm just sitting back there I thought I

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was very well aware of it and then I'm

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meeting people , very well known people ,

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and they're saying what they're doing

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here . We've got to get the word out a

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little bit because this is very much of

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a miracle , very much of a miracle .

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Highly respected people . The talent

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and innovation in this room will keep

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America safe for many years to come .

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They are very advanced , the most

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advanced equipment anywhere in the

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world under the Trump administration .

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We've invested a record $1 trillion in

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the United States military , and next

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year I'm proud to say , and Pete , we

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have to get moving on this , $1.5

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trillion we're going up to we need it .

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It's all made in the USA , so it's not

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Sean , it's not fully a cost , you know

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it's costs . We've got to take

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something , but it's called jobs and

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when you think of it that way , but 1.5 .

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I built the military in my first term

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and I used it in my second term and .

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As you know , uh , Venezuela was , that

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was actually 48 minutes , but let's

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call it one day . And we've paid for

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the cost of that war 50 times over ,

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more than 50 times over already , and

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they've been great , the people from

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Venezuela , the leadership has been

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fantastic , and we're working with them ,

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and the big oil companies are moving in .

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They've made more money for themselves

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in the last few months than they made

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in the history of the country . And

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it's just properly it's being properly

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run . They have oil . They have so much

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oil . You find the oil there , Pete ,

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you just look down at the ground and

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you say , oh , that's oil , just drill

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it . There's very few places that have

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anything like that , but we have a

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great relationship with the leadership .

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We've worked with them very closely and

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we're bringing all the big American

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companies in , and it's been very much

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of a miracle . Millions and millions of

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barrels a day . The spirit of our armed

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forces is the highest it's ever been ,

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with every branch setting records for

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recruitment , and I will tell you

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during the campaign when I was running

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against Kamala , she had no clue , but

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Joe had no clue either . That's why

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they got him out of there . I had to

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run against two people . Everyone else

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runs against one person . You do well .

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Joe wasn't doing too well . He was down

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like 28 points , so they said , let's

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replace him . That's like replacing a

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fighter . You're doing great against

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the guy said let's put somebody else in .

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Fortunately she wasn't much better than

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he was . And somebody says she's

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leading in the polls , that's not

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possible , but if she is , that's fine ,

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you got to go out , you gotta win . But

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what's happened with the election ,

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this was an amazing election think of

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it . We won every swing state . We won

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the popular vote by a lot . We won

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82% , 87%

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of the counties in America . That's a

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big win . We won the electoral college .

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Uh , we won everything , but all seven

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swing states . The big thing was ,

13:41.611 --> 13:43.722
could anybody ever win all seven ? We

13:43.722 --> 13:45.833
won all seven swing states and we won

13:45.833 --> 13:47.833
them by a lot , so it was a great ,

13:47.833 --> 13:48.944
great achievement .

13:52.229 --> 13:54.719
But when it came to joining the

13:54.719 --> 13:58.200
military , we had vacancies , empties .

13:58.289 --> 14:01.880
We had a situation that actually it was

14:01.880 --> 14:04.080
remedied largely , I think on November

14:04.080 --> 14:06.559
5th when we won , even before we took

14:06.559 --> 14:08.670
office , it was remedied to a certain

14:08.670 --> 14:11.039
extent when we took office . So now we

14:11.039 --> 14:13.261
have overflow crowds trying to get into

14:13.261 --> 14:15.206
the military and that includes our

14:15.206 --> 14:17.372
policemen , our firemen , anybody with

14:17.372 --> 14:19.483
a uniform on . They were very ashamed

14:19.483 --> 14:21.483
of our country and now they're very

14:21.483 --> 14:23.317
proud of our country . And we're

14:23.317 --> 14:25.483
setting recruitment records like we've

14:25.483 --> 14:27.483
never had before . In fact , it's a

14:27.483 --> 14:29.539
great time if you want to expand the

14:29.539 --> 14:29.400
military a little bit . It wouldn't be

14:29.400 --> 14:31.820
bad because we cannot get , we have

14:32.349 --> 14:35.479
unbelievable talented , in good shape ,

14:35.880 --> 14:38.102
in unbelievably good shape , you know ,

14:38.102 --> 14:40.640
we had something passed in the United

14:40.640 --> 14:42.696
States Supreme Court . It was called

14:42.960 --> 14:45.440
merit , and nobody thought that was

14:45.440 --> 14:47.662
going to happen . I didn't think it was

14:47.662 --> 14:49.884
going to happen actually . We're trying

14:49.884 --> 14:51.996
to get it . And everything now in our

14:51.996 --> 14:53.884
country again is based on merit .

14:53.884 --> 14:56.218
Getting into colleges is based on merit .

14:56.218 --> 14:58.107
When you have somebody with great

14:58.107 --> 15:00.329
boards , great marks , all A pluses and

15:00.329 --> 15:02.440
A's and the highest board marks , and

15:02.440 --> 15:04.496
then doesn't get it because somebody

15:04.496 --> 15:06.979
with far less capability gets in . It's

15:06.979 --> 15:08.909
nasty , but it's , you know , our

15:08.909 --> 15:11.020
country was built on greatness and it

15:11.020 --> 15:13.187
was based on success . It was based on

15:13.187 --> 15:15.469
merit , and now we have that , and that

15:15.469 --> 15:17.525
includes the military and the people

15:17.525 --> 15:19.747
that we have in this military . You can

15:19.747 --> 15:21.969
send most of them to Hollywood and they

15:21.969 --> 15:24.025
could become like movie stars . They

15:24.025 --> 15:26.080
are unbelievable and you saw that in

15:26.080 --> 15:27.802
Venezuela . I , I , I met them

15:27.802 --> 15:30.809
backstage and these are people that are ,

15:31.070 --> 15:33.750
it's a whole , it's a whole different

15:33.750 --> 15:36.690
ball game , so I just wanna . I thank

15:36.690 --> 15:39.130
everybody . That was a decision that

15:39.130 --> 15:41.650
was a tough decision to make , and it

15:41.650 --> 15:43.706
took courage to make that decision .

15:43.706 --> 15:45.706
Nobody thought that was going to be

15:45.706 --> 15:47.539
made , but they gave us back our

15:47.539 --> 15:50.030
beautiful merit system . And now the

15:50.330 --> 15:52.663
best people get into the best positions .

15:52.710 --> 15:54.821
They get into the best schools . They

15:54.821 --> 15:56.821
get into the military . We actually

15:56.821 --> 15:58.710
have strong people going into the

15:58.710 --> 16:00.877
military now as opposed to people that

16:00.877 --> 16:02.821
aren't strong or that shouldn't be

16:02.821 --> 16:05.043
there , and it's like I call it central

16:05.043 --> 16:07.266
casting Washington DC . We're using the

16:07.266 --> 16:09.650
military in there and our crime rate's

16:09.650 --> 16:13.359
down 92% . And it's gone from an unsafe

16:13.359 --> 16:15.526
city to one of the safest cities , the

16:15.526 --> 16:17.559
capital , one of the safest cities

16:17.559 --> 16:19.880
anywhere in the country . Restaurants

16:19.880 --> 16:22.047
are booming . The restaurants were all

16:22.047 --> 16:24.213
closing . People are afraid to go to a

16:24.213 --> 16:26.158
restaurant . We took out over 5000

16:26.158 --> 16:28.269
criminals . We got them out of here .

16:28.269 --> 16:28.239
We got them sent them back to their

16:28.239 --> 16:30.461
country . Many of them came through the

16:30.461 --> 16:32.795
Biden open borders , which was insanity .

16:33.000 --> 16:35.278
We got them out of this country and we ,

16:35.278 --> 16:37.760
uh , we did a real job in Washington DC

16:37.760 --> 16:40.039
and I will say Memphis is a similar

16:40.039 --> 16:42.039
kind of a thing , a little bit . We

16:42.039 --> 16:44.039
started it a little bit later , but

16:44.039 --> 16:47.039
they're down in crime 78% and . New

16:47.039 --> 16:48.983
Orleans , Louisiana . The governor

16:48.983 --> 16:51.261
called me up . Jeff Landry , great guy ,

16:51.261 --> 16:53.317
he called me and he said , we have a

16:53.317 --> 16:55.539
problem . We have the Mardi Gras coming

16:55.539 --> 16:55.200
up , and this place is loaded up with

16:55.200 --> 16:57.960
crime and we sent in the National Guard

16:57.960 --> 17:01.450
and others , and it was the safest

17:01.840 --> 17:04.439
that is on record , the safest Mardi

17:04.439 --> 17:06.969
Gras . On record they've never had

17:06.969 --> 17:08.969
anything like it . He called me two

17:08.969 --> 17:11.136
days later . He said , I've never seen

17:11.136 --> 17:13.080
anything like it . It's a terrible

17:13.080 --> 17:15.358
expression . He said Nobody was killed .

17:15.358 --> 17:15.130
Well , that doesn't sound so good to

17:15.130 --> 17:17.449
say , frankly in one way , but in

17:17.449 --> 17:19.393
another way , many people would be

17:19.393 --> 17:21.729
killed during Mardi Gras consistently ,

17:21.739 --> 17:23.850
and now it's the safest they've had ,

17:23.930 --> 17:26.489
he said , in 67 years , so it's pretty

17:26.489 --> 17:29.560
good , but we're going out for the $1.5

17:29.560 --> 17:31.727
trillion this year , and I think we're

17:31.727 --> 17:33.893
going to be able to get it . And we're

17:33.893 --> 17:36.116
going to get it because we have so much

17:36.116 --> 17:35.849
money coming in . The tariffs have made

17:35.849 --> 17:37.960
this country so rich and they've made

17:37.960 --> 17:40.530
this country so competitive . In order

17:40.530 --> 17:42.930
to not pay tariffs , people are coming

17:42.930 --> 17:44.874
out and they're leaving Mexico and

17:44.874 --> 17:47.130
they're leaving . In fact , it was just

17:47.130 --> 17:49.463
announced that Toyota is leaving Mexico .

17:49.463 --> 17:51.463
Toyota is going to build one of the

17:51.463 --> 17:53.352
largest plants in the world , car

17:53.352 --> 17:55.574
plants in the world in Texas . Uh , but

17:55.574 --> 17:57.849
many , many companies , they left us

17:57.849 --> 17:59.793
and they went to Mexico , Canada ,

18:00.140 --> 18:02.196
Japan , Germany . They went all over

18:02.196 --> 18:04.307
the place , South Korea . They're all

18:04.307 --> 18:06.579
pouring back . The car plants , the AI

18:06.579 --> 18:08.690
plants , they're all coming back . If

18:08.690 --> 18:10.801
they don't , they have to pay taxes .

18:10.801 --> 18:12.746
The chips , we had this ridiculous

18:12.746 --> 18:14.801
CHIPS Act where you give billions of

18:14.801 --> 18:14.579
dollars to a company and they didn't

18:14.579 --> 18:16.801
even know what the hell to do with it .

18:16.801 --> 18:18.801
You give them billions of dollars ,

18:18.801 --> 18:18.380
they say they're going to build .

18:18.489 --> 18:20.711
Nobody knew what to do with it . And of

18:20.711 --> 18:22.767
course the standards were so high if

18:22.767 --> 18:25.199
you weren't transgender as an example ,

18:25.660 --> 18:28.660
uh , you didn't qualify , so they get

18:28.660 --> 18:30.771
the money they hired to look all over

18:30.771 --> 18:33.060
for transgender people to run the

18:33.060 --> 18:35.329
company , large portions they couldn't

18:35.329 --> 18:37.819
find them they weren't into the chip

18:37.819 --> 18:39.819
making business , I guess , right ?

18:39.819 --> 18:41.930
They had other things on their mind ,

18:42.060 --> 18:44.420
but uh this was the Biden fools , those

18:44.420 --> 18:46.253
idiots that almost destroyed our

18:46.253 --> 18:49.359
country . But we're also reasserting

18:49.359 --> 18:51.630
the fundamental truth to be a strong

18:51.630 --> 18:53.790
nation . You must be a manufacturing

18:53.790 --> 18:56.719
nation , manufacturing jobs . When you

18:56.719 --> 18:59.239
see these plants start to open , so

18:59.239 --> 19:02.359
we're building now at a record that

19:02.359 --> 19:04.415
we've never even , I don't think any

19:04.415 --> 19:06.748
country has ever approached this record .

19:06.748 --> 19:08.803
Again , we have $19.2 trillion being

19:08.803 --> 19:10.959
invested , and there's never been

19:10.959 --> 19:13.015
anything like it . You go back years

19:13.015 --> 19:15.237
and years and it's China had the record

19:15.239 --> 19:18.910
with $3 trillion . And we're at $19.2

19:18.910 --> 19:21.077
trillion . There's never been anything

19:21.077 --> 19:21.030
like it . These are going to be

19:21.030 --> 19:23.363
starting to open in six or seven months .

19:23.829 --> 19:26.162
I mean , it's unfair because , you know ,

19:26.162 --> 19:28.107
whoever the next president is , is

19:28.107 --> 19:30.329
going to be sitting up here someday and

19:30.329 --> 19:32.496
saying , what a great job I did . What

19:32.496 --> 19:34.662
a great job . I did the greatest job ,

19:34.662 --> 19:36.829
Jamie . He's going to be talking about

19:36.829 --> 19:38.996
what a brilliant president he is , and

19:38.996 --> 19:41.051
I'll be home and I'll be saying that

19:41.051 --> 19:44.130
like . Because we did the job , we did

19:44.130 --> 19:46.074
the job , and we're clearing every

19:46.074 --> 19:48.050
obstacle to building the defense

19:48.050 --> 19:50.410
industrial base and so many people . I

19:50.410 --> 19:52.632
was shaking hands backstage . They just

19:52.632 --> 19:54.799
came up and they said we couldn't even

19:54.799 --> 19:57.077
function two years ago in this country .

19:57.089 --> 19:59.089
We couldn't get anything built . We

19:59.089 --> 20:01.311
couldn't get approvals . We couldn't do

20:01.311 --> 20:03.311
anything , and now we've never , we

20:03.311 --> 20:06.010
cannot imagine the change . They said 5

20:06.010 --> 20:07.899
or 6 of the people are building .

20:08.410 --> 20:11.089
Defense oriented things , he said we

20:11.089 --> 20:13.650
have no idea how this has happened to

20:13.650 --> 20:15.859
this extent , he said we look forward

20:15.859 --> 20:18.081
to going to work . We get our approvals

20:18.081 --> 20:20.369
fast . We came up with a concept like

20:20.369 --> 20:23.089
on AI and other things that are big

20:23.339 --> 20:25.561
rather than going to our old , very old

20:25.561 --> 20:28.290
and fragile grid . We maintain it , but

20:28.290 --> 20:31.250
it's old and not up to date . It was

20:31.250 --> 20:33.361
let go by a lot of people that were .

20:33.650 --> 20:35.872
In my position they shouldn't have done

20:35.872 --> 20:37.983
that , but I came up with the idea to

20:37.983 --> 20:40.206
let them build their own power plants ,

20:40.206 --> 20:42.206
so they're building their own power

20:42.206 --> 20:44.094
plants . So you know people would

20:44.094 --> 20:46.261
complain about the grid , but actually

20:46.261 --> 20:48.483
they're giving their excess electricity

20:48.483 --> 20:50.650
back into the grid . It's a phenomenal

20:50.650 --> 20:52.594
thing . But they're coming up with

20:52.594 --> 20:54.483
power . They're doing their own ,

20:54.483 --> 20:56.483
they're really becoming a utility .

20:56.483 --> 20:58.594
They're becoming actually in addition

20:58.594 --> 21:00.817
to AI , they're also becoming a utility

21:00.817 --> 21:00.680
and they're building some of the

21:00.680 --> 21:03.719
greatest power plants anyone has ever

21:03.719 --> 21:05.886
seen . We don't want wind because it's

21:05.886 --> 21:07.830
terrible . It doesn't work . These

21:07.830 --> 21:09.941
countries that go to wind , you go to

21:09.941 --> 21:12.052
wind , you lose your way , you go out

21:12.052 --> 21:11.829
of business . Look at what's happening

21:11.829 --> 21:14.199
in the United Kingdom . Wind all over

21:14.199 --> 21:16.979
the place doesn't work . Too expensive .

21:17.750 --> 21:20.199
Everything's made in China and remember

21:20.199 --> 21:22.310
you have to replace them after 8 or 9

21:22.310 --> 21:24.532
years . You know it's wonderful if they

21:24.532 --> 21:26.532
were there , but you got to replace

21:26.532 --> 21:26.160
them all the time because they wear out

21:26.160 --> 21:28.319
the salt water kills them . It's

21:28.319 --> 21:31.760
ridiculous and we have the oil and gas .

21:31.839 --> 21:33.950
We have a number of people back there

21:33.950 --> 21:35.950
with the nuclear . Nuclear is hot .

21:35.950 --> 21:38.061
It's become safe . And we got to keep

21:38.061 --> 21:40.283
it safe , but it's become safe . But we

21:40.283 --> 21:43.410
have tremendous new things happening ,

21:43.420 --> 21:45.642
and some of these power plants that are

21:45.642 --> 21:48.199
being used for AI and other things that

21:48.199 --> 21:50.800
they're building are so far advanced

21:51.150 --> 21:53.150
from what you're used to . When you

21:53.150 --> 21:55.206
look at Con Edison , you look at the

21:55.206 --> 21:57.261
old companies , it's fine . They get

21:57.261 --> 21:59.483
the job done , but these are tremendous

21:59.483 --> 22:01.483
advancements that nobody would have

22:01.483 --> 22:03.706
ever come up with except for this group

22:03.706 --> 22:05.817
of seriously brilliant people . After

22:05.817 --> 22:08.039
decades of foreign countries ransacking

22:08.039 --> 22:10.150
Pennsylvania and all of our country ,

22:10.150 --> 22:12.372
they ransacked our country and stealing

22:12.372 --> 22:14.560
our jobs . I imposed historic tariffs

22:14.560 --> 22:16.393
to protect the American copper ,

22:16.393 --> 22:18.520
aluminum , steel , and many , many

22:18.520 --> 22:22.500
other projects like cars , and because

22:22.510 --> 22:24.959
of that , they're all coming back .

22:25.040 --> 22:26.762
This could have been done by a

22:26.762 --> 22:28.929
president if he knew you wouldn't have

22:28.929 --> 22:32.380
a Taiwan making 100% of the chips . I

22:32.380 --> 22:34.602
think by the time I leave , we'll we'll

22:34.602 --> 22:36.824
have almost 50% of the chips being made

22:36.979 --> 22:38.923
in the United States , worldwide .

22:39.260 --> 22:41.371
They're moving here like you wouldn't

22:41.371 --> 22:42.371
believe it .

22:45.410 --> 22:48.729
With no investment , I'm not giving

22:48.729 --> 22:50.785
people billions of dollars . I'm not

22:50.785 --> 22:53.030
saying to some chip company , Here's

22:53.319 --> 22:56.050
$30 billion . Good luck in finding a

22:56.050 --> 22:58.150
site . That's what this stupid chips

22:58.150 --> 23:00.489
act was hundreds of billions of dollars

23:00.489 --> 23:02.656
just wasted . Half of the people never

23:02.656 --> 23:04.656
even used the money . I didn't give

23:04.656 --> 23:06.767
them 10 cents . I said . You're gonna

23:06.767 --> 23:09.550
pay nothing for for a year . After that

23:09.550 --> 23:11.606
you're going to pay 10% . After that

23:11.606 --> 23:13.910
you're gonna pay 25% . Gives you 2.5

23:13.910 --> 23:16.349
years to build your factory . If you

23:16.349 --> 23:18.460
don't build it by that time , you pay

23:18.460 --> 23:21.229
200% . Meaning you're sending chips in ,

23:21.479 --> 23:23.829
you have a 200% tariff . They're

23:23.829 --> 23:25.940
building like crazy , and the biggest

23:25.940 --> 23:28.162
chip company in the world is building ,

23:28.162 --> 23:30.218
and they just announced that they're

23:30.218 --> 23:32.218
expanding by another $200 billion .

23:32.218 --> 23:34.440
They're spending most of their money in

23:34.440 --> 23:36.551
Arizona , great place to invest , but

23:36.551 --> 23:38.829
they're spending an extra $200 billion .

23:38.829 --> 23:40.885
It's the biggest chip company in the

23:40.885 --> 23:42.996
world , but we passed the largest tax

23:42.996 --> 23:45.218
cuts in American history . We delivered

23:45.218 --> 23:47.218
100% expensing . That's a big one .

23:47.218 --> 23:49.162
That's I think we had the greatest

23:49.162 --> 23:51.273
economy in the history of our country

23:51.273 --> 23:53.496
in my first term . We then got hit with

23:53.496 --> 23:55.607
COVID , but even including COVID , we

23:55.607 --> 23:57.829
did a great job in COVID . We never got

23:57.829 --> 23:59.940
credit for it , but every country was

23:59.940 --> 24:02.162
ripped apart by that disaster . Uh , we

24:02.162 --> 24:04.329
know where it came from . It came from

24:04.329 --> 24:06.680
Wuhan , and I said that , but we were

24:06.680 --> 24:09.013
all ripped apart and China got hit very ,

24:09.013 --> 24:11.124
very hard . It was delayed . They got

24:11.124 --> 24:13.290
hit very hard at the end , but , uh ,

24:13.599 --> 24:16.109
it was . A terrible thing , but we had

24:16.109 --> 24:18.829
the greatest economy in history , and

24:18.829 --> 24:20.829
before COVID , nobody had ever seen

24:20.829 --> 24:23.051
anything like it . But if you just took

24:23.051 --> 24:24.996
those three years and look at what

24:24.996 --> 24:27.107
we're doing now , we're going to blow

24:27.107 --> 24:28.940
them away . I mean , unless some

24:28.940 --> 24:30.829
horrible event happens , which is

24:30.829 --> 24:32.996
always possible , you know , we always

24:32.996 --> 24:34.829
have to at least think about the

24:34.829 --> 24:36.662
horrible events . Who would have

24:36.662 --> 24:38.940
thought that COVID could have happened ,

24:38.940 --> 24:38.260
a thing like that could have happened ,

24:38.349 --> 24:41.479
but . We delivered 100% expensing , and

24:41.479 --> 24:43.535
that expensing , I think , where you

24:43.535 --> 24:45.423
write it off in one year . I have

24:45.423 --> 24:47.646
friends that bought things that frankly

24:47.646 --> 24:49.868
they didn't need . I have a friend that

24:49.868 --> 24:49.270
never flew on a private plane in his

24:49.270 --> 24:51.214
life and he ended up going out and

24:51.214 --> 24:53.326
buying a very expensive private plane

24:53.326 --> 24:55.548
because of expensing one year and a lot

24:55.548 --> 24:57.714
of you , you're building your plants .

24:57.714 --> 24:59.826
More importantly than an example like

24:59.826 --> 25:01.937
that , you're building your plant and

25:01.937 --> 25:04.159
equipment . Jamie can expand his bank ,

25:04.159 --> 25:06.437
right off everything in the first year .

25:06.437 --> 25:08.659
Uh , and you're doing a nice job . Your

25:08.659 --> 25:08.650
building is beautiful , by the way .

25:08.689 --> 25:10.856
It's great . You can write that sucker

25:10.856 --> 25:13.022
off in one year . Can you believe it ?

25:13.119 --> 25:15.341
Now that stands up there , that steel .

25:15.341 --> 25:17.508
I want to know that steel contractor .

25:17.508 --> 25:19.286
He did a good job , a great job

25:19.286 --> 25:21.563
actually , but we delivered 100% , and ,

25:21.563 --> 25:23.786
uh , I felt it was very important to do

25:23.786 --> 25:25.897
so and it goes for a 10 year period ,

25:25.897 --> 25:28.119
so it doesn't just , I actually want to

25:28.119 --> 25:30.286
make it for 1 year . Because I figured

25:30.286 --> 25:32.341
everybody's gonna come . 10 years is

25:32.341 --> 25:34.230
too long , but we had a couple of

25:34.230 --> 25:36.397
senators that really won , including a

25:36.397 --> 25:38.675
man named Lindsey Graham , who we love ,

25:38.675 --> 25:40.508
and Lindsay , we pay you respect

25:40.508 --> 25:42.397
because he was some special guy .

25:42.397 --> 25:44.859
Lindsay David was a big proponent of 10

25:44.859 --> 25:46.970
years instead of 1 . In other words ,

25:46.970 --> 25:49.192
you could use this for 10 years instead

25:49.192 --> 25:51.359
of 1 . I said , but Lindsay , 10 years

25:51.359 --> 25:53.581
is too long . It lets him . It it gives

25:53.581 --> 25:55.692
him too much time . He said , Oh no ,

25:55.692 --> 25:57.803
we have to do this . I said , No , go

25:57.803 --> 25:57.380
ahead , Lindsay . What the hell do you

25:57.380 --> 25:59.602
know about business , Lindsay , right ?

25:59.880 --> 26:02.102
But he was , he was great . We're going

26:02.102 --> 26:04.102
to miss him , right , David ? We're

26:04.102 --> 26:06.269
going to miss that guy . What a what a

26:06.269 --> 26:07.269
way he was .

26:12.410 --> 26:14.521
You know , he's , he's a guy I'm just

26:14.521 --> 26:16.743
thinking he's a guy that we some people

26:16.743 --> 26:18.910
you don't appreciate until they're not

26:18.910 --> 26:21.077
here , right ? And you just , uh , all

26:21.077 --> 26:23.188
the quality that he had he got things

26:23.188 --> 26:25.354
done he could even deal with Democrats

26:25.354 --> 26:27.569
if I needed a Democrat , I could go to

26:27.569 --> 26:29.736
Lindsay and Lindsay would take him out

26:29.736 --> 26:31.958
and wine him and dine him and say I got

26:31.958 --> 26:34.180
them for you , right ? There aren't too

26:34.180 --> 26:36.402
many people could do that . David and I

26:36.402 --> 26:38.513
know it very well . But the expensing

26:38.513 --> 26:40.680
was so important . I think it's really

26:40.680 --> 26:42.625
what led to the tremendous success

26:42.625 --> 26:44.847
because we had it in the first year and

26:44.847 --> 26:46.847
in the first administration , and I

26:46.847 --> 26:49.260
think that was what led to single , the

26:49.270 --> 26:51.437
single most important thing I think in

26:51.437 --> 26:53.492
terms of investment was the one year

26:53.492 --> 26:55.270
expensing . I think people were

26:55.270 --> 26:57.492
building sometimes maybe they shouldn't

26:57.492 --> 26:59.603
have been , but they were building at

26:59.603 --> 27:01.492
levels and then it caught up . We

27:01.492 --> 27:03.603
passed the largest regulation cuts in

27:03.603 --> 27:05.449
American history by far , and we

27:05.449 --> 27:07.560
unleashed American energy , including

27:07.560 --> 27:09.616
Pennsylvania oil , gas , and clean ,

27:09.616 --> 27:11.838
beautiful coal . We're back in the coal

27:11.838 --> 27:14.959
business . We we have so much , so much

27:14.959 --> 27:17.070
technology and changes have been made

27:17.070 --> 27:18.819
in coal , and in the Trump

27:18.819 --> 27:20.986
administration , you're not allowed to

27:20.986 --> 27:23.152
use the word coal without preceding it

27:23.152 --> 27:25.208
by the words clean , beautiful , and

27:25.208 --> 27:27.319
Chris Wright , who you know so well ,

27:27.319 --> 27:29.208
and Doug Berggum , they've been a

27:29.208 --> 27:32.689
fantastic team . And they were making a

27:32.689 --> 27:36.130
speech and I said nobody can say coal

27:36.130 --> 27:38.019
without preceding it with clean ,

27:38.019 --> 27:40.130
beautiful , but this whole speech was

27:40.130 --> 27:42.186
on coal . And they kept saying clean

27:42.186 --> 27:44.408
beautiful coal , clean beautiful coal ,

27:44.408 --> 27:46.408
and I said , OK , it's enough , you

27:46.408 --> 27:48.689
know , but it is , it's uh , and look ,

27:48.729 --> 27:50.896
you know , I hate to say it , but it's

27:50.896 --> 27:53.062
what China uses . They're building now

27:53.062 --> 27:55.650
58 massive coal plants and you know

27:55.650 --> 27:58.010
they're responsible for building the

27:58.010 --> 27:59.788
windmills , and I said how many

27:59.788 --> 28:01.954
windmills are they building ? In terms

28:01.954 --> 28:04.121
of using on their land , John , I want

28:04.121 --> 28:06.349
to know if you see any , let us know .

28:06.739 --> 28:09.072
They got coal plants all over the place ,

28:09.072 --> 28:11.239
but they build the windmills , but the

28:11.239 --> 28:13.295
only one they have that I know of is

28:13.295 --> 28:15.628
one that they want to use . They use it .

28:15.628 --> 28:17.795
They don't use it in terms of energy .

28:17.795 --> 28:20.017
They showed people , look how beautiful

28:20.017 --> 28:22.239
this is as those poor suckers buy those

28:22.239 --> 28:24.415
windmills . Lose their , but it's a

28:24.415 --> 28:26.359
terrible form of energy , the most

28:26.359 --> 28:28.137
expensive form of energy . It's

28:28.137 --> 28:30.359
intermittent . It doesn't work , and in

28:30.359 --> 28:32.582
my opinion , it kills the environment .

28:32.582 --> 28:34.748
It kills the birds , but it's visually

28:34.854 --> 28:37.021
it's terrible . It's terrible . It's a

28:37.021 --> 28:39.021
terrible thing and I'm proud to say

28:39.021 --> 28:41.021
that we have proved almost none , I

28:41.021 --> 28:43.604
think none , but we are

28:44.885 --> 28:47.052
everybody is under an order . We don't

28:47.052 --> 28:49.385
want the windmills . We don't want them .

28:49.385 --> 28:51.640
And let somebody else use them , but

28:51.640 --> 28:53.719
everybody using them is in very big

28:53.719 --> 28:56.859
trouble . They're in energy trouble

28:57.439 --> 28:59.606
because they don't work . They're very

28:59.606 --> 29:01.772
expensive , the most expensive form of

29:01.772 --> 29:03.995
energy , and they don't work , and I've

29:03.995 --> 29:06.106
been saying it for 4 or 5 years , and

29:06.106 --> 29:08.328
people still buy them . Maybe not quite

29:08.328 --> 29:08.119
like they used to , but people still

29:08.119 --> 29:09.841
buy them . It's crazy . But we

29:09.841 --> 29:12.063
unleashed American energy , including .

29:12.510 --> 29:14.329
The Pennsylvania oil and the

29:14.329 --> 29:16.969
Pennsylvania oil is doing unbelievably

29:16.969 --> 29:19.089
well . We saved the great American

29:19.089 --> 29:22.050
company US Steel , and I worked with

29:22.050 --> 29:24.217
Selena Zito . I don't know if Selena's

29:24.217 --> 29:26.329
here . Selena here , she's so where's

29:26.329 --> 29:28.930
Selena ? Where where is Selena ? I love

29:28.930 --> 29:30.986
Selena . Where is she's queen of the

29:30.986 --> 29:33.041
Rust Belt , but you're no longer the

29:33.041 --> 29:35.041
Rust Belt . You're really the money

29:35.041 --> 29:37.263
belt . I have a new name . Selena , are

29:37.263 --> 29:39.374
you here ? Come on up here , Selena ,

29:39.374 --> 29:42.709
will you ? She's the queen . She is the

29:42.709 --> 29:45.949
queen of the Rust Belt . Now she's the

29:45.949 --> 29:47.949
queen of the and be careful , don't

29:47.949 --> 29:51.359
fall down the stairs like Biden . Come

29:51.359 --> 29:53.637
on , Selena , get down here , grab her ,

29:53.637 --> 29:55.803
everybody . I want to show you a woman

29:55.803 --> 29:58.081
that knows what she's doing . You know ,

29:58.140 --> 29:59.751
she knows what she's doing .

30:02.209 --> 30:04.380
I had no idea she'd be here , but

30:04.380 --> 30:06.713
anything having to do with Pennsylvania ,

30:06.713 --> 30:08.890
any of these great states , uh , she's

30:08.890 --> 30:11.170
around . Selena , I wanna thank you .

30:11.209 --> 30:13.265
You're really a talent . That's only

30:13.265 --> 30:15.376
because she writes so well about me ,

30:15.376 --> 30:17.598
you know , if she wrote badly , I'd say

30:17.598 --> 30:19.820
get her the hell out of here . Selena ,

30:19.890 --> 30:21.834
thank you , honey , very much . We

30:21.834 --> 30:24.057
appreciate it . Really amazing person .

30:24.810 --> 30:28.560
Thank you . No ,

30:28.650 --> 30:30.594
she loved this era , she loved the

30:30.594 --> 30:32.706
people and she saw it going to hell ,

30:32.706 --> 30:34.928
and she knew more about it than anybody

30:34.928 --> 30:36.983
else , and she also knew it had more

30:36.983 --> 30:39.039
potential because of the people that

30:39.039 --> 30:40.928
and she would write about it like

30:41.089 --> 30:43.200
nobody would believe and she's one of

30:43.200 --> 30:45.256
the top writers in the country and I

30:45.256 --> 30:47.367
hate to say that , she writes for The

30:47.367 --> 30:49.619
Washington Post . But she's one of her

30:49.619 --> 30:51.841
many outlets . I hate to mention that ,

30:53.089 --> 30:55.619
but she's done a phenomenal job of

30:55.619 --> 30:57.675
explaining what's going on , and she

30:57.675 --> 30:59.841
really just believed in the area , but

30:59.841 --> 31:02.119
she believed in the people of the area .

31:02.119 --> 31:01.459
They're incredible . You're going to

31:01.459 --> 31:03.348
find all of you geniuses that are

31:03.348 --> 31:05.459
building your plants . You've got the

31:05.459 --> 31:07.681
best people in the world working here .

31:07.681 --> 31:11.030
So just to finish up . We did more in

31:11.030 --> 31:14.750
terms of regulation cuts by 5

31:14.750 --> 31:16.750
times , 6 times , and even in some

31:16.750 --> 31:18.861
cases , depending on the way you look

31:18.861 --> 31:20.583
at it , 7 times than any other

31:20.583 --> 31:23.380
president . We delivered no tax on tips ,

31:23.790 --> 31:26.209
no tax on overtime , and no tax on

31:26.550 --> 31:29.150
Social Security , and we're building a

31:29.150 --> 31:31.670
beautiful military complex and a

31:31.670 --> 31:34.310
ballroom combination at the White House ,

31:34.349 --> 31:36.500
and they were working on Saturday and

31:36.500 --> 31:39.719
Sunday , partially Sunday . And I went

31:39.719 --> 31:41.775
and visited a couple of 100 men that

31:41.775 --> 31:43.886
were working round the clock . It was

31:43.886 --> 31:45.941
Saturday night late , very late , 11

31:45.941 --> 31:48.052
o'clock in the evening , and I said ,

31:48.052 --> 31:50.163
You're so lucky I'm president because

31:50.439 --> 31:53.079
there's no tax on overtime . Think of

31:53.079 --> 31:55.246
it . They're making a lot of money and

31:55.246 --> 31:57.079
there's no tax on overtime , but

31:57.079 --> 31:59.023
there's no tax on tips , no tax on

31:59.023 --> 32:01.301
Social Security . And that's been good .

32:01.301 --> 32:03.246
And the other thing we did , which

32:03.246 --> 32:05.301
seems simple but never done before ,

32:05.301 --> 32:07.190
when you buy an automobile , some

32:07.190 --> 32:09.357
people have to pay and they have to go

32:09.357 --> 32:11.468
and borrow money from a bank . You're

32:11.468 --> 32:13.635
allowed to deduct the interest payment

32:13.635 --> 32:15.746
from your income taxes , and that's a

32:15.746 --> 32:18.060
big deal , but only if the car is made

32:18.060 --> 32:21.170
in America . So that's been great . So

32:21.170 --> 32:23.337
all of these things have added up to a

32:23.337 --> 32:25.448
level that we're just we're booming .

32:25.448 --> 32:27.781
The country is booming , and we'll have .

32:27.781 --> 32:29.559
Iran defeated soon . They'll be

32:29.559 --> 32:30.726
defeated very soon .

32:35.979 --> 32:38.201
And then I guess it'll be even better ,

32:38.201 --> 32:40.368
but you know , even during this , it's

32:40.368 --> 32:42.423
been , it's been amazing . I mean to

32:42.423 --> 32:44.201
think , so I call it a military

32:44.201 --> 32:46.368
operation , but I call it whatever you

32:46.368 --> 32:49.510
want . It's incredible . It hasn't made

32:49.510 --> 32:51.566
a dent . A lot of people thought oil

32:51.566 --> 32:53.569
would go up to $350 a barrel , and

32:54.229 --> 32:57.229
today it's at $79 . A couple of days

32:57.229 --> 33:00.430
ago it was at $68 . It went up a little

33:00.430 --> 33:02.708
bit because I had to take tough action .

33:03.089 --> 33:06.310
Because they did not obey what they're

33:06.310 --> 33:08.310
supposed to obey , I mean they just

33:08.310 --> 33:10.254
didn't do it , so we took a little

33:10.254 --> 33:12.310
action , but it'll when that settles

33:12.310 --> 33:14.532
down , you'll be , I think you're going

33:14.532 --> 33:16.588
to have $55 oil , which is all great

33:16.588 --> 33:18.810
for what you're doing , maybe less than

33:18.810 --> 33:20.977
that . But this year alone we've added

33:20.977 --> 33:22.977
18,000 new manufacturing jobs , and

33:22.977 --> 33:25.032
that number could go up by 10 and 15

33:25.032 --> 33:27.550
times as these factories begin to open ,

33:27.829 --> 33:29.996
including , remember Obama used to say

33:30.189 --> 33:32.411
you'll never have another manufacturing

33:32.411 --> 33:34.356
job in the United States . Can you

33:34.356 --> 33:36.578
imagine ? And these are the best jobs .

33:36.578 --> 33:38.578
These are the highest paying jobs .

33:38.578 --> 33:40.745
They're the best jobs . He used to say

33:40.745 --> 33:40.680
it all the time . People would say , oh ,

33:40.689 --> 33:42.745
that's so bad you talk about it that

33:42.745 --> 33:44.856
way , but he did a bad job and he was

33:44.856 --> 33:47.089
very bad on Iran because he basically

33:47.089 --> 33:49.089
gave them the money , made a what a

33:49.089 --> 33:50.978
horrible deal . He went away from

33:50.978 --> 33:53.200
Israel and he went to Iran , and that's

33:53.200 --> 33:55.200
part of the reason that we're stuck

33:55.200 --> 33:57.050
with this whole situation . But

33:57.050 --> 33:58.661
including more than 3000 new

33:58.661 --> 34:00.717
manufacturing jobs right here in the

34:00.717 --> 34:02.828
Commonwealth , and the number will go

34:02.828 --> 34:05.050
up many times that over the next couple

34:05.050 --> 34:07.161
of years and less than 2 years ago we

34:07.161 --> 34:09.328
were a dead country . I say it all the

34:09.328 --> 34:11.550
time . King of Saudi Arabia told me , I

34:11.550 --> 34:13.606
was with him 2 years ago , he said .

34:13.606 --> 34:16.269
You know , it's amazing . Just a little

34:16.269 --> 34:18.708
while ago you were a dead , you were a

34:18.708 --> 34:20.597
dead country , and now you're the

34:20.597 --> 34:22.819
hottest country anywhere in the world .

34:22.819 --> 34:25.618
Every I just got back from NATO . Every

34:25.618 --> 34:27.868
leader said the same thing . You're the

34:27.868 --> 34:30.090
hottest country anywhere in the world ,

34:30.090 --> 34:32.312
and they treated me like that . They're

34:32.312 --> 34:32.148
not treating me , they're treating me

34:32.148 --> 34:34.108
because of the country . We're the

34:34.108 --> 34:36.330
hottest country anywhere in the world ,

34:36.330 --> 34:38.497
and 1 year ago , 2 years ago , we were

34:38.497 --> 34:40.552
a dead , we were a dead country . It

34:40.552 --> 34:43.389
was an embarrassment . So now , with

34:43.389 --> 34:45.611
all of that being said , just yesterday

34:45.611 --> 34:47.833
it was announced that inflation saw the

34:47.833 --> 34:50.790
largest monthly decline in 6 years .

34:50.909 --> 34:53.550
Can you imagine that ? 6 years , we

34:53.550 --> 34:57.039
inherited . We

34:57.039 --> 34:59.918
inherited the highest inflation in the

34:59.918 --> 35:02.718
history of our country , and it was

35:02.718 --> 35:04.440
really amazing , you know , we

35:04.440 --> 35:06.649
inherited it and then I had my first

35:06.649 --> 35:08.705
news conference the day after I took

35:08.705 --> 35:11.600
office , and they said affordability ,

35:12.050 --> 35:14.272
affordability . They go , that's a fake

35:14.272 --> 35:16.272
word that they use . They cause the

35:16.272 --> 35:18.272
affordability problem . It's called

35:18.272 --> 35:20.328
high prices . They came up with this

35:20.328 --> 35:22.439
word . They're good at coming up with

35:22.439 --> 35:24.661
words , but we came up with a good word

35:24.661 --> 35:26.717
too . They're Democrats , dumb . You

35:26.717 --> 35:28.939
take the B out . Most people don't know

35:28.939 --> 35:31.449
that dumb as a B , OK , but the U .

35:32.030 --> 35:35.169
Replaces the E and you have a Democrat

35:35.169 --> 35:37.169
and I just don't understand because

35:37.169 --> 35:39.225
their policy is so dumb what they've

35:39.225 --> 35:41.447
done to this country and what they will

35:41.447 --> 35:43.558
do to the country if we don't win the

35:43.558 --> 35:45.336
midterms and win the election .

35:45.336 --> 35:47.558
Everything that I'm talking about , you

35:47.558 --> 35:49.558
can just write it off because it'll

35:49.558 --> 35:51.558
revert back to open borders . It'll

35:51.558 --> 35:53.780
revert back to ridiculous high interest

35:53.780 --> 35:53.729
rates , and again , we should have the

35:53.729 --> 35:56.360
lowest interest rate of any country

35:56.360 --> 35:58.471
anywhere in the world because we make

35:58.471 --> 36:00.804
them all sing . But since I took office ,

36:00.804 --> 36:03.027
defense investments in Pennsylvania are

36:03.027 --> 36:05.689
up by nearly 25% compared to crooked

36:05.689 --> 36:09.639
Joe Biden , and today we're adding $10

36:09.639 --> 36:11.806
billion and I think the number's gonna

36:11.806 --> 36:14.028
end up being about $19 or $20 billion .

36:14.028 --> 36:15.917
And we'll be building two massive

36:15.917 --> 36:18.139
national security multi-mission vessels

36:18.449 --> 36:20.116
at the beautiful and historic

36:20.116 --> 36:22.227
Philadelphia shipyard . I met all the

36:22.227 --> 36:24.860
guys doing this worth up to $1.5

36:24.860 --> 36:27.489
billion and it's a purchase of lots of

36:27.489 --> 36:29.656
vessels . We're going to have a lot of

36:29.656 --> 36:31.767
vessels being made there . We're also

36:31.767 --> 36:33.767
thinking about doing some purchases

36:33.767 --> 36:35.989
outside of companies that come here and

36:35.989 --> 36:38.100
build . They have to reteach us , you

36:38.100 --> 36:40.211
know , we used to make a ship a day .

36:40.211 --> 36:41.989
And now we're a laggard in that

36:41.989 --> 36:44.322
department . We do lots of great things ,

36:44.322 --> 36:46.489
but we're a laggard there and a lot of

36:46.489 --> 36:48.711
our shipyards were sold for real estate

36:48.711 --> 36:50.767
projects on the water . I bought one

36:50.767 --> 36:53.045
actually . It was quite nicely located ,

36:53.045 --> 36:55.267
but I didn't know I'd be president . If

36:55.267 --> 36:55.110
I knew I'd be president , I wouldn't

36:55.110 --> 36:57.332
have done it . I said I'd rather have a

36:57.332 --> 36:59.666
shipyard , right ? But it worked out OK ,

36:59.666 --> 37:01.943
you know , they had the best locations .

37:01.943 --> 37:03.999
A lot of those locations were sold ,

37:03.999 --> 37:03.989
and we have to build our navy , Pete ,

37:04.110 --> 37:06.090
right ? We gotta get it going . So

37:06.090 --> 37:08.312
we're going to probably look at some of

37:08.312 --> 37:10.534
these companies that are coming in from

37:10.534 --> 37:12.479
South Korea and other places , and

37:12.479 --> 37:14.646
they're working with us on ships , and

37:14.646 --> 37:16.701
we're going to , we're going to also

37:16.701 --> 37:19.459
buy some ships that are made outside of

37:19.459 --> 37:21.879
the area , and we're going to have a

37:21.879 --> 37:24.101
lot of , we need a lot of ships for our

37:24.101 --> 37:26.101
navy , a lot of ships , despite the

37:26.101 --> 37:28.212
fact we have the greatest navy in the

37:28.212 --> 37:30.546
world , but our ships are getting older ,

37:30.546 --> 37:32.823
and we really got out of that business .

37:32.823 --> 37:34.879
We built an aircraft carrier for $19

37:34.879 --> 37:36.990
billion which is crazy . The price is

37:36.990 --> 37:39.101
crazy . It started off at I came in .

37:39.101 --> 37:41.212
One of the first things I went to see

37:41.212 --> 37:43.379
was the Ford aircraft carrier . It was

37:43.379 --> 37:46.860
way over budget and it had it had

37:46.860 --> 37:49.590
things on it that you didn't need like

37:50.030 --> 37:53.909
it had magnet magnets to lift up the

37:53.909 --> 37:56.469
elevators with 10 and 12 planes on them .

37:57.070 --> 37:59.580
Think of it . It had all sorts of

38:00.010 --> 38:03.280
modern day things that were all instead

38:03.280 --> 38:05.840
of using steam for the catapults , they

38:05.840 --> 38:08.139
used electric . Let's have an electric

38:08.139 --> 38:10.439
catapult . And so when I went to the

38:10.439 --> 38:12.760
ship because I came into office and the

38:12.760 --> 38:15.080
ship was way over budget , built in

38:15.080 --> 38:17.600
Newport News unfortunately , it was way

38:17.600 --> 38:20.320
over budget . It was going to cost $3

38:20.320 --> 38:23.080
billion . It was up to like 1819 . It

38:23.080 --> 38:25.370
was terrible , and I said I want to

38:25.370 --> 38:28.100
meet the catapulter . And a man came

38:28.100 --> 38:30.211
over along with 4 of his assistants ,

38:30.211 --> 38:32.322
and I said , What's better , electric

38:32.322 --> 38:34.544
catapult or steam ? He's been there for

38:34.544 --> 38:36.711
25 years . He said , steam is better ,

38:36.711 --> 38:38.939
sir . We can fix it with a hammer and a

38:38.939 --> 38:41.340
blowtorch . When the electric goes bad ,

38:41.419 --> 38:43.729
I have to send to MIT to get geniuses

38:43.729 --> 38:46.129
over here . I said , steam is better .

38:46.179 --> 38:48.401
Yes sir , it's better . So why did they

38:48.401 --> 38:50.568
do electric ? Because you can have the

38:50.568 --> 38:52.679
catapult go like this , but you can't

38:52.679 --> 38:54.790
put planes on it , sir . It takes you

38:54.790 --> 38:57.340
39 seconds . By the time the 39 seconds

38:57.340 --> 38:59.562
is up , you have a full head of steam ,

38:59.562 --> 39:01.784
and I love breathing that steam , sir .

39:01.784 --> 39:03.784
That's the cleanest air you've ever

39:03.784 --> 39:06.007
seen . But I said , so you're saying we

39:06.007 --> 39:07.951
spent billions of dollars extra to

39:07.951 --> 39:09.951
build electric catapults instead of

39:09.951 --> 39:12.062
using , and I said , what else do you

39:12.062 --> 39:14.284
hear ? He said , uh , the elevators are

39:14.284 --> 39:16.340
no good , sir . They're lifted up by

39:16.340 --> 39:18.800
magnets . So here's my deal . I said ,

39:18.879 --> 39:21.199
when Caterpillar tractor , and I

39:21.199 --> 39:23.366
watched , I watched more tractors than

39:23.366 --> 39:25.421
any human being on Earth rip earth ,

39:25.421 --> 39:27.588
rip rock right through rock . It's all

39:27.588 --> 39:30.750
hydraulic , so I said when Caterpillar

39:30.750 --> 39:34.719
goes into the business of using magnets

39:35.010 --> 39:38.139
to lift up their little blades when

39:38.139 --> 39:40.083
they go and when they go away from

39:40.083 --> 39:42.139
hydraulic , I'll tell you what , I'm

39:42.139 --> 39:44.195
going to do something . I'm going to

39:44.195 --> 39:46.417
start using magnets , but we don't want

39:46.417 --> 39:46.199
to use them , so we're not letting any ,

39:46.419 --> 39:48.641
Pete , we're not letting any more ships

39:48.641 --> 39:52.219
be built with the ridiculous billions

39:52.219 --> 39:54.020
of dollars more they spent on .

39:54.879 --> 39:56.935
Electric catapults , and they're not

39:56.935 --> 39:59.959
good . They're not nearly as good , too

39:59.959 --> 40:02.015
complex , and by the way , we had to

40:02.015 --> 40:04.000
call the ship in twice because the

40:04.000 --> 40:06.111
catapults didn't work and I predicted

40:06.111 --> 40:08.222
that was true and the same thing with

40:08.222 --> 40:10.840
the magnetic elevators . We want them

40:10.840 --> 40:13.120
to be made hydraulic , which you can ,

40:13.159 --> 40:15.360
it can be hit by lightning , it could

40:15.360 --> 40:17.304
be hit by anything . When a little

40:17.304 --> 40:19.471
water touches the magnets , it doesn't

40:19.471 --> 40:21.693
work anymore and you're , you're in the

40:21.693 --> 40:23.916
Atlantic Ocean . With waves that are 60

40:23.916 --> 40:26.250
ft high and the Pacific Ocean with

40:26.250 --> 40:29.000
waves that are 70 ft high and they're

40:29.000 --> 40:31.056
talking about magnets that makes you

40:31.056 --> 40:33.370
want to get sick . I actually called in

40:33.370 --> 40:35.929
the architect of the ship and I said ,

40:36.010 --> 40:38.489
Have you designed a ship before ? Well ,

40:38.570 --> 40:40.792
I haven't spent a lot of time on that ,

40:40.792 --> 40:44.090
sir . No . Even the cab , you know ,

40:44.209 --> 40:46.265
the tower , they have it in the back

40:46.265 --> 40:48.042
instead of in the middle . It's

40:48.042 --> 40:47.840
supposed to be in the middle where you

40:47.840 --> 40:49.951
have more room . I said , Why did you

40:49.951 --> 40:52.062
move ? Well , we thought our tour was

40:52.062 --> 40:54.284
very good . Why did you do it ? And why

40:54.284 --> 40:56.396
is the ammunition under the where the

40:56.396 --> 40:58.562
admiral is , the tower ? They have the

40:58.562 --> 41:00.507
tower and they have the ammunition

41:00.507 --> 41:02.451
under the tower . I say if I'm the

41:02.451 --> 41:04.879
enemy I know where I'm aiming . These

41:04.879 --> 41:07.320
people , and the thing costs like $20

41:07.320 --> 41:09.542
billion . It's ridiculous . All right ,

41:09.542 --> 41:11.764
so we're changing all of that , right ,

41:11.764 --> 41:13.931
Peter ? You'll be fired so fast if you

41:13.931 --> 41:16.810
know . No , but a lot of this is common

41:16.810 --> 41:18.977
sense stuff , really . I mean , I hope

41:18.977 --> 41:21.088
I'm not boring anybody , but it's all

41:21.088 --> 41:23.254
common sense . This isn't exactly part

41:23.254 --> 41:25.421
of my speech , but I got to tell you .

41:25.421 --> 41:27.643
You know , I'm getting it all out now ,

41:27.643 --> 41:29.810
all the anger I have when I hear about

41:29.810 --> 41:31.866
electric catapults that don't work .

41:32.179 --> 41:32.929
Crazy .

41:35.840 --> 41:38.600
It's crazy , but OK , I hate to mention

41:38.600 --> 41:40.767
this name now because they're a little

41:40.767 --> 41:42.878
slower than we want , but that's OK .

41:42.878 --> 41:45.080
General Dynamics will invest $2.5

41:45.080 --> 41:47.879
billion in roads industries to build

41:47.879 --> 41:49.657
navy submarines . They make the

41:49.657 --> 41:51.712
greatest submarine in the world . We

41:51.712 --> 41:53.840
are , we're 10 years advanced over

41:53.840 --> 41:56.469
probably Russia is number two . Uh , we ,

41:56.550 --> 41:58.606
we have to make them faster . That's

41:58.606 --> 42:00.828
the only thing we need submarines , but

42:00.828 --> 42:02.883
they make a great product in all the

42:02.883 --> 42:05.189
cases we make , uh , if you look at the

42:05.189 --> 42:07.429
Patriot missile , if you look at the

42:07.429 --> 42:09.596
Tomahawk , which is the offensive , if

42:09.596 --> 42:11.762
you look at all of the things that are

42:11.762 --> 42:13.929
better , we have to make them faster .

42:13.929 --> 42:13.629
That's the only thing . And Dan , you

42:13.629 --> 42:15.685
got to get them going a little bit ,

42:15.685 --> 42:17.796
right ? We have to make them faster ,

42:17.796 --> 42:19.796
and Peeter and I have meetings with

42:19.796 --> 42:21.740
them every month , and they're all

42:21.740 --> 42:23.685
building new plant and equipment .

42:23.685 --> 42:25.907
Boeing is building it . I see Kelly , a

42:25.907 --> 42:28.129
lot of them , 4 of them . And it's very

42:28.129 --> 42:29.907
important . So this massive new

42:29.907 --> 42:32.129
investment by General Dynamics is going

42:32.129 --> 42:34.185
to create right here 1500 new jobs .

42:34.185 --> 42:36.407
The munitions firm Day and Zimmerman in

42:36.407 --> 42:38.830
Philadelphia will provide $2.3 billion

42:38.830 --> 42:41.389
worth of operations , maintenance , and

42:41.389 --> 42:44.820
support to the Hawthorne Army Depot .

42:45.260 --> 42:48.350
And EOs in Pittsburgh have just agreed

42:48.350 --> 42:50.590
to a multi-million dollar partnership

42:50.590 --> 42:52.701
with the Department of War to build ,

42:52.701 --> 42:54.923
don't we love that name better . We won

42:54.923 --> 42:56.923
World War 1 . We won World War II ,

42:56.949 --> 42:58.782
then we decide to go politically

42:58.782 --> 43:00.949
correct . Let's go with defense . No ,

43:00.949 --> 43:02.949
it's war , and I said to Peeter , I

43:02.949 --> 43:04.838
said , Pete , don't you like that

43:04.838 --> 43:06.671
better ? He said , it used to be

43:06.671 --> 43:08.671
Department of War , and then we got

43:08.671 --> 43:11.260
politically correct and uh . We go in ,

43:11.649 --> 43:13.982
knock out the Middle East , and go home .

43:13.982 --> 43:16.093
Everybody said , why did we do that ?

43:16.093 --> 43:17.982
What did we get ? But we , we had

43:17.982 --> 43:20.205
greatness and that's what we have again

43:20.205 --> 43:22.620
now we have greatness again . As an

43:22.620 --> 43:24.898
example , Venezuela , what do you have ?

43:24.898 --> 43:27.009
When was the last time you heard that

43:27.009 --> 43:29.064
you had a war and you paid for it 50

43:29.064 --> 43:31.176
times over ? We have wars and we lose

43:31.176 --> 43:33.064
money . We have wars , we blow up

43:33.064 --> 43:35.120
something and we leave and everybody

43:35.120 --> 43:37.231
said , what was the purpose of that ?

43:37.231 --> 43:39.231
Nobody can answer the question . We

43:39.231 --> 43:41.176
don't do that anymore . But EOs in

43:41.176 --> 43:42.731
Pittsburgh just agreed to a

43:42.731 --> 43:44.842
multi-million dollar partnership with

43:44.842 --> 43:46.953
the Department of War to build energy

43:46.953 --> 43:49.120
storage technology . In support of our

43:49.120 --> 43:51.120
Golden Dome missile defense , we're

43:51.120 --> 43:53.453
building a Golden Dome over our country ,

43:53.453 --> 43:55.564
and it's going to be a very effective

43:55.564 --> 43:58.719
one . We had 111 missiles shot a few

43:58.719 --> 44:01.550
weeks ago . By our lovely friends from

44:01.550 --> 44:04.010
Iran , they were aimed at the Abraham

44:04.010 --> 44:06.232
Lincoln , which is a beautiful aircraft

44:06.232 --> 44:09.090
carrier , by the way , the SS Abraham

44:09.090 --> 44:12.110
Lincoln , 111 in a short period of time

44:12.449 --> 44:15.090
out of the 111 missiles shot ,

44:15.530 --> 44:18.949
111 missiles were knocked into the sea

44:19.070 --> 44:20.459
easily . Think of that .

44:25.510 --> 44:27.677
And I called the captain of the ship .

44:27.677 --> 44:29.899
He wasn't even sweating . All you got ,

44:29.899 --> 44:32.010
Jamie Dimond would be sweating that .

44:32.010 --> 44:33.954
You wouldn't like that . We have a

44:33.954 --> 44:33.610
different kind of strength , Jamie ,

44:33.679 --> 44:35.846
right ? We don't have that . But think

44:35.846 --> 44:38.979
of it . 111 missiles are coming at you ,

44:39.439 --> 44:41.879
and he's drinking his coffee , taking

44:41.879 --> 44:44.459
it easy , and one we have the greatest

44:44.800 --> 44:47.120
people , most importantly , but we have

44:47.120 --> 44:49.287
the greatest equipment anywhere in the

44:49.287 --> 44:51.287
world . There's nothing like it . 5

44:51.287 --> 44:53.176
years ago , 6 years ago , I would

44:53.176 --> 44:55.398
imagine you couldn't even think about a

44:55.398 --> 44:57.398
thing like that happening . The JWF

44:57.398 --> 44:59.870
Industries is expanding its windbur

44:59.870 --> 45:03.350
facility and anticipating over $500

45:03.350 --> 45:05.461
million in new contracts to build new

45:05.461 --> 45:07.572
vehicles , weapons , and components ,

45:07.572 --> 45:09.572
and they make great stuff . Voyager

45:09.572 --> 45:11.794
Technologies will be investing hundreds

45:11.794 --> 45:13.969
of millions of dollars in turning

45:13.969 --> 45:15.802
Pittsburgh into an international

45:15.802 --> 45:18.830
robotics and space technology hub . And

45:18.830 --> 45:20.889
the robotics is so important because

45:21.310 --> 45:23.421
again we have the most people working

45:23.421 --> 45:25.421
right now in the United States than

45:25.421 --> 45:27.199
ever before . We need , we need

45:27.199 --> 45:29.909
manpower and woman power . The AI

45:29.909 --> 45:32.389
software company AI will be spending

45:32.389 --> 45:35.590
$450 million to expand their Pittsburgh

45:35.590 --> 45:38.270
office , and Carnegie Robotics in

45:38.270 --> 45:40.214
Pittsburgh will have the chance to

45:40.214 --> 45:41.992
produce hundreds of millions of

45:41.992 --> 45:44.949
dollars' worth of autonomous technology

45:44.949 --> 45:46.893
for the United States Army and its

45:46.893 --> 45:49.939
vehicles . The FirePoint Energy and

45:50.280 --> 45:52.336
Tunnelton will be investing at least

45:52.336 --> 45:54.959
$170 million in pilot program to

45:54.959 --> 45:57.719
convert coal waste into jet fuel ,

45:58.310 --> 46:00.159
electrical power , and critical

46:00.159 --> 46:02.270
minerals , and I hope you're going to

46:02.270 --> 46:04.270
do magnets . Somebody out there , I

46:04.270 --> 46:03.870
hope you're all brilliant people ,

46:04.100 --> 46:06.479
magnets , do magnets , OK ? I'll tell

46:06.479 --> 46:08.550
you how to make money . Do magnets .

46:08.800 --> 46:10.967
You're doing a lot of great stuff . Do

46:10.967 --> 46:13.022
magnets . Because one thing we don't

46:13.022 --> 46:15.244
have , but we're getting close , but do

46:15.244 --> 46:17.510
magnets so so . I hope that John Gray

46:17.510 --> 46:19.732
is listening to me so he can give him a

46:19.732 --> 46:21.899
couple of bucks and go into the magnet

46:21.899 --> 46:24.121
business . I guarantee it's going to be

46:24.121 --> 46:26.343
a success . It's one thing we don't for

46:26.343 --> 46:28.399
some reason , it's not complex , not

46:28.399 --> 46:30.750
hard . We have the material for some

46:30.750 --> 46:33.439
reason they just don't . They don't do

46:33.439 --> 46:35.639
it . We need magnets . So one of you

46:35.639 --> 46:37.639
companies out there , go out . I'll

46:37.639 --> 46:39.750
teach you how to make money . Just do

46:39.750 --> 46:42.250
it . Companies like Avalon , Kratos ,

46:42.320 --> 46:44.800
Advanced Cooling Technologies , Sphere

46:44.800 --> 46:47.520
Brake Defense , JPMorgan Chase , and Q

46:47.520 --> 46:49.830
Intel , among many others , will be

46:49.830 --> 46:52.020
expanding their investments all across

46:52.600 --> 46:54.929
the Commonwealth of Pennsylvania . In

46:54.929 --> 46:57.090
addition , the defense subsidiary of

46:57.219 --> 46:59.441
the legendary Pennsylvania company Mack

46:59.441 --> 47:01.663
Trucks . Oh , I met him the other day .

47:01.663 --> 47:03.663
Where's Mr . Mack Truck ? Where the

47:03.663 --> 47:05.719
hell are you ? We were , he was , he

47:05.719 --> 47:07.886
was great , making a beautiful , thank

47:07.886 --> 47:09.941
you , thank you very much , making a

47:09.941 --> 47:12.052
beautiful truck . He's trying to sell

47:12.139 --> 47:14.620
15,000 of them to us , 15 . I said ,

47:14.659 --> 47:16.937
how many are you looking to sell , sir ?

47:16.939 --> 47:19.939
15,000 . I thought he said 15 because

47:19.939 --> 47:22.050
it's a big beautiful truck . I made a

47:22.050 --> 47:24.459
speech 2 or 3 weeks ago . And they had

47:24.459 --> 47:26.403
a sample of the truck right behind

47:26.403 --> 47:28.780
where I spoke . It made me look very

47:28.780 --> 47:31.290
small , sort of like Dukakis , remember ,

47:31.300 --> 47:35.250
in the tank . I said get that truck the

47:35.250 --> 47:37.659
hell out of here . I immediately , I

47:37.659 --> 47:39.881
immediately thought of Dukakis with the

47:39.881 --> 47:41.881
helmet and the massive helmet , the

47:41.881 --> 47:44.103
massive tank , and he , you didn't even

47:44.103 --> 47:46.215
see him . That was not good . He went

47:46.215 --> 47:48.326
down 20 points after that . So I said

47:48.326 --> 47:50.548
get the hell , get that truck out , but

47:50.548 --> 47:52.715
the truck was amazing actually . But I

47:52.715 --> 47:54.659
said how many ? He said 15,000 . I

47:54.659 --> 47:56.659
thought he said 15 , so I said he's

47:56.659 --> 47:58.603
going to sell 15 . That's a lot of

47:58.603 --> 48:00.937
trucks . He said , no , actually 15,000 ,

48:00.937 --> 48:03.159
sir . So but it's a beautiful truck and

48:03.159 --> 48:05.270
I think he's got a good shot at doing

48:05.270 --> 48:08.250
it and he'll be building $222 million

48:08.250 --> 48:10.770
worth of powerful new vehicles for our

48:10.770 --> 48:12.937
military already and a different truck

48:13.219 --> 48:15.441
and Mack truck is doing really well and

48:15.441 --> 48:17.608
they've been great . And because we're

48:17.608 --> 48:19.441
here in Pennsylvania where State

48:19.441 --> 48:22.260
Trooper Michael Farrow was killed just

48:22.469 --> 48:24.358
two weeks ago by an illegal alien

48:24.358 --> 48:27.280
operating a semi truck on a commercial

48:27.280 --> 48:29.447
driver's license which he should never

48:29.447 --> 48:31.669
have had . He , he was here illegally ,

48:31.669 --> 48:33.689
came in through Biden . Today I'm

48:33.689 --> 48:35.967
making one more important announcement .

48:35.967 --> 48:37.800
My administration will soon take

48:37.800 --> 48:39.856
historic action to get illegal alien

48:39.856 --> 48:41.911
truck drivers who are just killing a

48:41.911 --> 48:44.133
lot of people . They can't read signs .

48:44.320 --> 48:48.159
Many of them are on drugs or alcohol ,

48:48.750 --> 48:50.750
and they shouldn't be driving these

48:50.750 --> 48:52.639
things , and they came in totally

48:52.639 --> 48:56.270
illegally and we don't want them . But

48:56.270 --> 48:59.030
they are driving all over American

48:59.030 --> 49:01.060
roadways and we're going to replace

49:01.060 --> 49:03.189
them with proud American veterans who

49:03.189 --> 49:05.356
are going to take our veterans , we're

49:05.356 --> 49:07.356
going to make them , we're going to

49:07.356 --> 49:09.467
teach them a lot about driving trucks

49:09.467 --> 49:09.429
and in many cases they know we're going

49:09.429 --> 49:11.373
to say any American who's driven a

49:11.373 --> 49:13.262
heavy truck for our military will

49:13.262 --> 49:15.040
automatically be eligible for a

49:15.040 --> 49:17.469
commercial driver's license , so we're

49:17.469 --> 49:19.358
going to get them taken care of .

49:23.030 --> 49:24.989
And the radical left is very much

49:24.989 --> 49:27.211
opposed to that , but it doesn't matter

49:27.211 --> 49:29.322
what they want because we're the ones

49:29.322 --> 49:31.211
that are running it . And just to

49:31.211 --> 49:33.156
finish , I want to thank our great

49:33.156 --> 49:35.267
Speaker of the House , Mike Johnson .

49:35.267 --> 49:36.822
He's fantastic , that man .

49:39.419 --> 49:41.939
And the House Budget Chairman Jody

49:41.939 --> 49:44.459
Arrington for launching an effort to

49:44.459 --> 49:46.520
get the Save America Act passed ,

49:46.939 --> 49:50.290
including voter , I mean it's so , so

49:50.290 --> 49:53.879
basic voter photo ID , identification ,

49:54.300 --> 49:56.522
proof of citizenship , and hopefully no

49:56.522 --> 49:58.578
corrupt mail-in ballots . We'll have

49:58.578 --> 50:00.578
exceptions for the military , we'll

50:00.578 --> 50:02.780
have exceptions for disability , for

50:02.780 --> 50:04.969
people that are . Not feeling well or

50:04.969 --> 50:06.913
for people that are on vacation or

50:06.913 --> 50:08.913
anything , we're gonna make it very

50:08.913 --> 50:10.969
easy , but the mail-in ballots , you

50:10.969 --> 50:13.025
see what happens in California , the

50:13.025 --> 50:14.969
vote still isn't counted . Can you

50:14.969 --> 50:17.191
believe it ? It's like what , 6 weeks ,

50:17.191 --> 50:19.413
the vote still isn't counted , uh , but

50:19.413 --> 50:21.636
the kid really , uh , he was , he was ,

50:21.636 --> 50:23.636
he was Spencer Pratt . I don't know

50:23.636 --> 50:25.691
Spencer Pratt . He came to the White

50:25.691 --> 50:27.747
House and saw me . But Spencer Pratt

50:27.747 --> 50:30.179
was an automatic lock and he didn't

50:30.179 --> 50:32.512
make it . There was a little thing Dina ,

50:32.512 --> 50:34.568
they said , Well , Spencer's falling

50:34.568 --> 50:36.679
behind a woman that nobody ever heard

50:36.679 --> 50:38.735
of . He's falling behind . No , it's

50:38.735 --> 50:40.846
very corrupt , and they were going to

50:40.846 --> 50:43.068
do that to Steve Hilton too , and I had

50:43.068 --> 50:45.123
the US attorney did a great job . He

50:45.123 --> 50:47.179
started an investigation . They said

50:47.179 --> 50:49.346
Steve Hilton is starting to fall badly

50:49.346 --> 50:51.457
behind . And I said that doesn't mean

50:51.457 --> 50:51.000
falling behind , that means cheating is

50:51.000 --> 50:53.056
going on . This is 2 weeks after the

50:53.056 --> 50:55.056
election , so I got the US attorney

50:55.056 --> 50:58.110
involved and Like 20 minutes after they

50:58.110 --> 51:00.590
made that statement , they said , Steve

51:00.590 --> 51:03.469
Hilton just made the runoff . These are

51:03.469 --> 51:05.830
crooked people . These are crooked

51:05.830 --> 51:07.997
people . The whole thing is terrible ,

51:08.189 --> 51:10.300
but along with our incredible farmers

51:10.300 --> 51:12.411
and funding for our troops , so we're

51:12.411 --> 51:14.578
getting a tremendous amount of funding

51:14.578 --> 51:16.689
for our farmers and . We take care of

51:16.689 --> 51:18.745
our troops . We got them a great pay

51:18.745 --> 51:20.967
raise , but I support those efforts and

51:20.967 --> 51:22.800
we're cheering them on , and the

51:22.800 --> 51:25.022
actions that we've announced today will

51:25.022 --> 51:27.078
create thousands of new Pennsylvania

51:27.078 --> 51:29.022
jobs , and they'll make our entire

51:29.022 --> 51:31.022
nation stronger and more prosperous

51:31.022 --> 51:32.745
than ever before . We have the

51:32.745 --> 51:34.911
strongest nation that we've ever had .

51:34.911 --> 51:37.133
We have the most successful nation that

51:37.133 --> 51:39.078
we've ever had . We've never had a

51:39.078 --> 51:41.078
thing happen . So many people , the

51:41.078 --> 51:43.300
biggest people came to financial people

51:43.300 --> 51:45.467
and said , Sir . I've been in business

51:45.467 --> 51:47.356
for 35 years . One gentleman , he

51:47.356 --> 51:49.467
looked like a young man , but he said

51:49.467 --> 51:51.745
35 years , so he blew it . But he said ,

51:51.745 --> 51:53.800
I've been in business for 35 years .

51:53.800 --> 51:55.856
I've never seen anything like what's

51:55.856 --> 51:55.590
happening right now . I think I'll bet

51:55.590 --> 51:57.646
Jamie would say that . I'll bet John

51:57.646 --> 51:59.812
would say that . There's there's never

51:59.812 --> 52:01.979
been a period of time like this , so I

52:01.979 --> 52:04.090
want to thank again Senator McCormick

52:04.090 --> 52:06.030
once again for this incredible

52:06.030 --> 52:08.030
get-together , but really much more

52:08.030 --> 52:10.086
importantly for the outstanding work

52:10.086 --> 52:12.252
that he's doing as a senator . He's an

52:12.252 --> 52:14.308
incredible person . And Pennsylvania

52:14.308 --> 52:16.474
has never had a greater warrior in the

52:16.474 --> 52:19.229
US Senate than Dave McCormick , and

52:19.310 --> 52:21.477
it's an honor to be with you all , and

52:21.709 --> 52:23.765
we're going to do things that nobody

52:23.765 --> 52:25.709
would believe . If you go back two

52:25.709 --> 52:27.820
years when we were a failing nation ,

52:27.820 --> 52:29.931
nobody would believe that we could be

52:29.931 --> 52:31.931
doing business and we could be even

52:31.931 --> 52:34.590
safety . The lowest murder number since

52:34.590 --> 52:38.070
1900 . Think of that , the lowest

52:38.070 --> 52:41.889
number since 1900 , 125 years ago .

52:42.719 --> 52:44.941
Nobody would believe we have the lowest

52:44.941 --> 52:47.080
crime numbers despite the fact that

52:47.080 --> 52:49.136
millions and millions of people came

52:49.136 --> 52:51.247
into our country illegally , and many

52:51.247 --> 52:53.669
of them were , uh , they're gone now ,

52:54.120 --> 52:57.000
but many of them were from prisons ,

52:57.479 --> 52:59.800
they were drug addicts , they were from

52:59.800 --> 53:01.830
mental institutions . We have the

53:01.830 --> 53:03.719
lowest crime numbers we've had in

53:03.719 --> 53:05.941
decades and the lowest murder number in

53:05.941 --> 53:08.860
125 years , so it's really been amazing

53:08.860 --> 53:11.138
and . Uh , David , I'll give it to you .

53:11.138 --> 53:13.138
I'll turn it out , but it's just an

53:13.138 --> 53:15.193
honor . I'm with so many people that

53:15.193 --> 53:17.416
I've , uh , I respect so much . I don't

53:17.416 --> 53:19.471
know all of you . I know many of you

53:19.471 --> 53:21.638
through reputation , through reading ,

53:21.638 --> 53:23.860
but you're an amazing group of people ,

53:23.860 --> 53:25.971
and you really are making our country

53:25.971 --> 53:25.850
great . Thank you very much . Thank you .

53:25.860 --> 53:27.471
Thank you , Mr . President .

53:34.169 --> 53:38.090
Thank you . Thank you , sir . Uh , we ,

53:38.209 --> 53:40.376
we are so honored to have you here . I

53:40.376 --> 53:42.320
know you've got a special love for

53:42.320 --> 53:44.431
Pennsylvania , and Pennsylvania has a

53:44.431 --> 53:46.598
special love for you , and this is all

53:46.598 --> 53:48.542
about your vision of peace through

53:48.542 --> 53:50.765
strength . And what's happening here at

53:50.765 --> 53:52.765
this summit is really all the , the

53:52.765 --> 53:54.931
people we need in the room , the , the

53:54.931 --> 53:57.153
prime contractors , the , uh , energy ,

53:57.153 --> 53:57.050
uh , leaders , the emergent

53:57.050 --> 53:59.217
technologies , the , the , the leaders

53:59.217 --> 54:01.489
in labor , the leaders in finance . All

54:01.489 --> 54:03.600
the team that needs to be in place to

54:03.600 --> 54:05.767
implement your vision . So if somebody

54:05.767 --> 54:07.878
with you , what , what I'd like to do

54:07.878 --> 54:10.045
is turn to the Secretary of War , uh ,

54:10.045 --> 54:12.211
let him make some remarks , and then ,

54:12.211 --> 54:14.267
um , and then , uh , draw in some of

54:14.267 --> 54:16.600
the , the business leaders we have here .

54:16.600 --> 54:18.656
And I'll say the one little story is

54:18.656 --> 54:18.129
when I was on the campaign trail with

54:18.129 --> 54:20.270
the president . One time I , I walked

54:20.270 --> 54:22.326
off the stage and he said , you know

54:22.326 --> 54:24.492
what I like about you ? He said , uh ,

54:24.492 --> 54:26.826
you don't talk too much . He said , you ,

54:26.826 --> 54:29.048
uh , you don't go on and on . There was

54:29.048 --> 54:31.159
somebody else there , I won't say who

54:31.159 --> 54:30.189
it was . He was going on and on . He

54:30.189 --> 54:32.310
goes , keep it short . And , uh , so

54:32.310 --> 54:34.421
we'll all keep it short . Thank you ,

54:34.421 --> 54:33.850
Mr . President .

54:40.889 --> 54:43.111
Senator , that was a good warning and a

54:43.111 --> 54:45.350
good reminder for sure . Uh , Mr .

54:45.360 --> 54:47.610
President , it is true to say that

54:47.610 --> 54:49.832
there has never been a moment like this

54:49.832 --> 54:52.439
or a stage like this where innovators ,

54:52.760 --> 54:55.129
prime contractors , private equity ,

54:55.330 --> 54:57.929
titans of industry , uh , labor leaders ,

54:58.250 --> 55:00.472
uh , defense leaders have come together

55:00.472 --> 55:02.850
for this type of moment . There's never

55:02.850 --> 55:04.739
been a moment like this where the

55:04.739 --> 55:06.628
aperture has opened up inside the

55:06.628 --> 55:08.794
department . Department of Defense for

55:08.794 --> 55:11.072
defense and the second word innovation .

55:11.072 --> 55:13.500
Your demand of me as a business leader

55:13.500 --> 55:15.620
and a builder is that we move at the

55:15.620 --> 55:18.540
speed of business and competition and

55:18.540 --> 55:21.580
speed and scale , and that's what these

55:21.580 --> 55:23.747
folks have funded and founded in their

55:23.747 --> 55:26.260
companies , but our bureaucracy was

55:26.260 --> 55:29.530
built to keep most of you out . And

55:29.530 --> 55:31.790
we've been waging a war of attrition

55:31.790 --> 55:33.810
against the Pentagon bureaucracy to

55:33.810 --> 55:35.754
open up the aperture and make sure

55:35.754 --> 55:37.969
competition and speed and innovation

55:37.969 --> 55:41.090
and commercial options have a seat at

55:41.090 --> 55:43.100
the table , not just great prime

55:43.100 --> 55:45.100
contractors who've been there for a

55:45.100 --> 55:46.989
long time , but many of our great

55:46.989 --> 55:48.878
companies that . Many of our best

55:48.878 --> 55:51.100
systems started to look a lot more like

55:51.100 --> 55:51.044
the government than they looked like

55:51.044 --> 55:53.125
business . And so what the president

55:53.125 --> 55:55.069
does behind the Resolute desk with

55:55.069 --> 55:57.236
prime contractors , and you've been at

55:57.236 --> 55:59.347
those meetings and I've been at those

55:59.347 --> 56:01.458
meetings , and it's a reminder to all

56:01.458 --> 56:03.514
of us that our nation needs the best

56:03.514 --> 56:05.569
weapons , not tomorrow , but today .

56:05.569 --> 56:07.292
And we need to , we need these

56:07.292 --> 56:09.236
companies not just adding an extra

56:09.236 --> 56:11.458
shift to the factory , but investing in

56:11.458 --> 56:13.458
another plant and another plant and

56:13.458 --> 56:15.569
another manufacturing line , which is

56:15.569 --> 56:15.260
what's happening here in Pennsylvania

56:15.409 --> 56:17.465
and all around the country . So when

56:17.465 --> 56:19.687
you talk about the arsenal of freedom ,

56:19.780 --> 56:21.891
this is only something that a builder

56:21.891 --> 56:23.891
in chief could unleash , and you're

56:23.891 --> 56:25.502
doing it , sir , on American

56:25.502 --> 56:27.613
manufacturing and our industrial base

56:27.613 --> 56:29.724
across the country in energy , but in

56:29.724 --> 56:32.129
defense specifically , this is a

56:32.129 --> 56:34.240
generational investment . Uh , in the

56:34.240 --> 56:36.462
future of our war fighting capabilities

56:36.462 --> 56:38.462
that our country has not seen since

56:38.462 --> 56:40.740
Ronald Reagan , and this one is bigger ,

56:40.740 --> 56:42.760
because what Joe Biden and previous

56:42.760 --> 56:44.871
administrations did to our military ,

56:44.871 --> 56:46.982
you , you talk about a dead country ,

56:46.982 --> 56:49.038
or what we had a dead department . A

56:49.038 --> 56:51.093
Department of Defense that was doing

56:51.093 --> 56:53.204
things the old way , sending the same

56:53.204 --> 56:55.427
money in the wrong direction , uh , red

56:55.427 --> 56:57.427
tape , and , and , and monopolizing

56:57.427 --> 56:59.538
certain , certain platforms , and you

56:59.538 --> 57:01.538
said we won't do it anymore and the

57:01.538 --> 57:03.482
American war fire requires that we

57:03.482 --> 57:05.704
change how we do these things and we're

57:05.704 --> 57:05.080
going to hold the big guys accountable ,

57:05.500 --> 57:07.611
which is what you do behind the res .

57:07.611 --> 57:09.722
Salute desk with executive orders and

57:09.722 --> 57:11.889
no stock buybacks and no more delays ,

57:11.889 --> 57:14.111
and we demand that you build new plants

57:14.111 --> 57:16.278
and then we're also going to make sure

57:16.278 --> 57:15.875
the new runners , the fast runners ,

57:15.945 --> 57:18.001
the young guys , the companies , the

57:18.001 --> 57:20.056
tech companies , our best innovators

57:20.056 --> 57:21.889
have the ability to get into the

57:21.889 --> 57:24.112
Defense Department . You shouldn't have

57:24.112 --> 57:26.334
to sue your way in to the Department of

57:26.334 --> 57:28.389
War , which is what companies in the

57:28.389 --> 57:30.723
past have had to do in order to compete .

57:30.723 --> 57:32.834
I , I hope these companies can attest

57:32.834 --> 57:32.794
the fact that because of President

57:32.794 --> 57:34.572
Trump's leadership , we have an

57:34.572 --> 57:37.689
entirely different department . We are .

57:44.489 --> 57:46.656
And it's important because we're at an

57:46.656 --> 57:48.878
entirely different moment . Not only do

57:48.878 --> 57:50.822
we have near peer adversaries with

57:50.822 --> 57:52.989
historic military buildups , but we're

57:52.989 --> 57:54.822
at a step change moment . AI and

57:54.822 --> 57:56.878
frontier models , autonomy , quantum

57:56.878 --> 57:59.045
space , hypersonics , you name it . If

57:59.045 --> 58:00.989
you're ahead now and you , you get

58:00.989 --> 58:03.156
ahead of the game , you're going to be

58:03.156 --> 58:05.211
way ahead . If you fall behind now ,

58:05.211 --> 58:07.156
you fall even further behind . The

58:07.156 --> 58:09.378
have-nots and the haves are that , that

58:09.378 --> 58:11.545
gap is widening . President Trump sees

58:11.545 --> 58:13.711
the moment . And is is investing in it

58:13.711 --> 58:15.933
in our department but across government

58:15.933 --> 58:17.933
to make sure the 21st century is an

58:17.933 --> 58:20.045
American century , but he's demanding

58:20.045 --> 58:19.790
that we do it differently . We do it in

58:19.790 --> 58:21.901
a fiscally responsible way , we audit

58:21.901 --> 58:23.957
our department , uh , we ensure that

58:23.957 --> 58:26.510
the money that we ask for is well spent .

58:26.790 --> 58:29.012
So we've got a different department , a

58:29.012 --> 58:31.012
different moment , and thank God we

58:31.012 --> 58:33.179
have a different president who rebuilt

58:33.179 --> 58:35.512
the military once . He's doing it again .

58:35.540 --> 58:37.429
And is willing to make a historic

58:37.429 --> 58:39.979
investment , $1.5 trillion investment

58:40.139 --> 58:42.580
in the War Department to ensure that we

58:42.580 --> 58:45.820
outcompete without question every other

58:45.820 --> 58:48.340
nation on planet Earth so that things

58:48.340 --> 58:50.679
like Venezuela can continue to be done

58:50.679 --> 58:52.735
to reestablish deterrence around the

58:52.735 --> 58:54.846
world , but that next midnight hammer

58:54.846 --> 58:56.846
that's required 1020 years down the

58:56.846 --> 58:59.455
road is , is because of the . 47 and

58:59.455 --> 59:02.375
the B-21 and the autonomy and the

59:02.375 --> 59:04.597
carriers that this president will build

59:04.597 --> 59:06.708
because of this historic investment ,

59:06.708 --> 59:08.597
the golden dome that protects our

59:08.597 --> 59:10.542
country , the AI that allows us to

59:10.542 --> 59:12.486
target faster , this investment is

59:12.486 --> 59:14.431
fundamentally , will fundamentally

59:14.431 --> 59:14.375
change the battlefield , keep the

59:14.375 --> 59:16.564
American people safe now and into the

59:16.564 --> 59:18.935
future , and it would not happen with

59:18.935 --> 59:21.046
Donald Trump . Mr . President , thank

59:21.046 --> 59:22.046
you very much .

59:26.070 --> 59:28.181
Thank you , Mr . Secretary . Thanks ,

59:28.181 --> 59:30.237
thanks for everything you're doing .

59:30.237 --> 59:32.403
You know , last year , it was almost a

59:32.403 --> 59:31.750
year to the day , Mr . President ,

59:31.830 --> 59:33.886
where you were in Pittsburgh for the

59:33.886 --> 59:35.774
Energy and Innovation Summit that

59:35.774 --> 59:37.830
Deanna and I hosted , and one of the

59:37.830 --> 59:39.941
biggest announcements on that day was

59:39.941 --> 59:41.830
John Gray from Blackstone , a $25

59:41.830 --> 59:43.719
billion announcement . And so , I

59:43.719 --> 59:43.590
thought we might start with a year

59:43.590 --> 59:45.590
later , here's where we are and I I

59:45.590 --> 59:47.534
think what you're hearing from the

59:47.534 --> 59:49.534
business leaders in this room , the

59:49.534 --> 59:51.590
people in Pennsylvania , is it the ,

59:51.590 --> 59:53.757
the amount of investment and the level

59:53.757 --> 59:55.757
of activity is on fire , and , uh ,

59:55.757 --> 59:57.868
John's a perfect example of that . So

59:57.868 --> 59:57.784
John , if you could just give us a

59:57.784 --> 01:00:00.225
quick update . Sure , um , it's great

01:00:00.225 --> 01:00:02.770
to be here in Pennsylvania . President

01:00:02.770 --> 01:00:04.992
Trump , I want to start by thanking you

01:00:04.992 --> 01:00:07.103
for the deep commitment to supporting

01:00:07.103 --> 01:00:09.350
investment in American innovation in

01:00:09.360 --> 01:00:12.689
infrastructure , AI and defense .

01:00:13.250 --> 01:00:15.409
Senator McCormick , I want to commend

01:00:15.409 --> 01:00:17.729
you once again and Dina for hosting a

01:00:17.729 --> 01:00:20.050
summit here in Pennsylvania focused on

01:00:20.050 --> 01:00:22.889
the vital national imperatives . We

01:00:22.889 --> 01:00:25.056
were together a year ago in Pitts . We

01:00:25.056 --> 01:00:27.689
announced that $25 billion in digital

01:00:27.689 --> 01:00:29.689
and energy infrastructure . We said

01:00:29.689 --> 01:00:31.911
we'd do it over a decade . Since then ,

01:00:31.911 --> 01:00:33.911
we've acquired multiple data center

01:00:33.911 --> 01:00:36.133
sites . We've made enormous progress in

01:00:36.133 --> 01:00:38.330
our joint venture with local utility

01:00:38.330 --> 01:00:41.169
PPL and we're proud to report that

01:00:41.169 --> 01:00:43.850
we're on track to invest over $40

01:00:43.850 --> 01:00:46.649
billion and do it in 5 years .

01:00:53.290 --> 01:00:57.149
50% higher , 50% less time , not bad .

01:00:58.570 --> 01:01:00.626
These investments will create nearly

01:01:00.626 --> 01:01:02.899
20,000 good paying construction and

01:01:02.899 --> 01:01:04.969
permanent jobs , deliver meaningful

01:01:04.969 --> 01:01:07.209
benefits to communities , and help

01:01:07.209 --> 01:01:09.050
ensure that America stays at the

01:01:09.050 --> 01:01:12.129
forefront of the AI race . This would

01:01:12.129 --> 01:01:13.796
not have happened without the

01:01:13.796 --> 01:01:15.907
conference that you and the president

01:01:15.907 --> 01:01:17.629
hosted last year . We also got

01:01:17.629 --> 01:01:19.851
tremendous support from the governor in

01:01:19.851 --> 01:01:21.962
terms of infrastructure development .

01:01:21.962 --> 01:01:24.185
Everybody loves to complain that things

01:01:24.185 --> 01:01:26.351
are not working in the United States .

01:01:26.351 --> 01:01:28.185
Well , in Pennsylvania , they're

01:01:28.185 --> 01:01:30.296
working the way the founders intended

01:01:30.296 --> 01:01:32.407
250 years ago . So congratulations to

01:01:32.407 --> 01:01:34.629
all of you . I would also just say last

01:01:34.629 --> 01:01:36.407
year , we talked about building

01:01:36.407 --> 01:01:38.462
critical infrastructure to power the

01:01:38.462 --> 01:01:40.296
innovation economy . Today we're

01:01:40.296 --> 01:01:42.462
talking about applying that innovation

01:01:42.462 --> 01:01:44.296
to our most important priority ,

01:01:44.620 --> 01:01:46.899
protecting our national security . At

01:01:46.899 --> 01:01:49.066
Blackstone , we're incredibly proud to

01:01:49.066 --> 01:01:51.288
be all in on both of these objectives .

01:01:51.580 --> 01:01:53.858
Technology is , as the Secretary noted ,

01:01:53.979 --> 01:01:56.035
fundamentally reshaping the national

01:01:56.035 --> 01:01:58.379
defense . It's gonna require enormous

01:01:58.379 --> 01:02:00.580
amounts of private capital , not only

01:02:00.580 --> 01:02:02.739
to invest in the new innovation , but

01:02:02.739 --> 01:02:05.260
also to scale up production in a

01:02:05.260 --> 01:02:07.659
capacity constrained world . And Blacks .

01:02:07.919 --> 01:02:10.469
is ready to help in a very big way .

01:02:10.709 --> 01:02:12.989
We've already invested $20 billion in

01:02:12.989 --> 01:02:15.156
defense and aerospace in the last five

01:02:15.156 --> 01:02:17.750
years . We expect the scale and pace of

01:02:17.750 --> 01:02:19.709
that investment to increase

01:02:19.709 --> 01:02:21.870
meaningfully from here . We see

01:02:21.870 --> 01:02:24.092
national security as a compelling place

01:02:24.092 --> 01:02:26.270
to deploy capital on behalf of our

01:02:26.270 --> 01:02:29.389
investors that also supports a core

01:02:29.389 --> 01:02:31.333
American interest . So thank you ,

01:02:31.350 --> 01:02:33.461
President Trump , Senator McCormick .

01:02:33.461 --> 01:02:35.683
It is an honor to be here today . Thank

01:02:35.683 --> 01:02:39.469
you , John . You know , sir ,

01:02:39.590 --> 01:02:41.939
you , you noted this , but one of the ,

01:02:41.949 --> 01:02:43.949
uh , the , the strongest voices in

01:02:43.949 --> 01:02:45.949
corporate America , someone who has

01:02:45.949 --> 01:02:48.171
spoken out in very similar terms as you

01:02:48.171 --> 01:02:50.282
have about peace through strength and

01:02:50.282 --> 01:02:50.270
about the need for America's military

01:02:50.270 --> 01:02:52.437
and economy to be strong is uh Jamie .

01:02:52.639 --> 01:02:54.861
And Jamie's really taken this on . He's

01:02:54.861 --> 01:02:56.972
written extensively about it and made

01:02:56.972 --> 01:02:59.139
this a priority for JP Morgan in terms

01:02:59.139 --> 01:03:01.361
of national defense and resilience . So

01:03:01.361 --> 01:03:03.417
Jamie , I , I wanted to just call on

01:03:03.417 --> 01:03:05.417
you and ask you to describe why you

01:03:05.417 --> 01:03:07.528
think this is such a priority and how

01:03:07.528 --> 01:03:09.528
the things we're doing here and the

01:03:09.528 --> 01:03:11.750
president's agenda is supporting that .

01:03:11.750 --> 01:03:13.806
So thank you , Mr . President , Mr .

01:03:13.806 --> 01:03:15.917
Secretary , Senator . There's nothing

01:03:15.917 --> 01:03:18.810
more important for . Our country , in

01:03:18.810 --> 01:03:20.421
fact , I don't think it's an

01:03:20.421 --> 01:03:22.588
exaggeration to say for the whole free

01:03:22.588 --> 01:03:24.477
and democratic world that America

01:03:24.477 --> 01:03:26.310
maintain the preeminent military

01:03:26.449 --> 01:03:28.505
supported directly by the preeminent

01:03:28.505 --> 01:03:30.610
economy of the world . It's none too

01:03:30.610 --> 01:03:34.209
soon . We got behind , but God knows

01:03:34.209 --> 01:03:36.689
you guys have ignited the American

01:03:36.689 --> 01:03:39.330
dream and you've ignited security and

01:03:39.330 --> 01:03:41.870
resiliency . You've reignited that

01:03:41.870 --> 01:03:43.926
arsenal of democracy that we have in

01:03:43.926 --> 01:03:46.830
this country , and it's just critical .

01:03:47.469 --> 01:03:50.070
There's a microcosm in Pennsylvania and

01:03:50.070 --> 01:03:51.626
Philadelphia . I was at the

01:03:51.626 --> 01:03:53.737
Philadelphia Navy Yard this morning .

01:03:53.737 --> 01:03:55.681
There's only a small piece of what

01:03:55.681 --> 01:03:55.280
we're doing . There's a small piece of

01:03:55.280 --> 01:03:57.280
what a lot of other people here are

01:03:57.280 --> 01:03:59.336
doing . The Navy Yard actually built

01:03:59.336 --> 01:04:01.502
ships in the Revolutionary War , ships

01:04:01.502 --> 01:04:03.780
in World War 1 , ships in World War II .

01:04:03.780 --> 01:04:05.891
It was closed down at one point . But

01:04:05.891 --> 01:04:07.947
the local government and the federal

01:04:07.947 --> 01:04:10.002
government have reopened it up . You

01:04:10.002 --> 01:04:09.860
now have ships that are going to be

01:04:09.860 --> 01:04:12.679
built there by HNWA , a Korean company ,

01:04:12.699 --> 01:04:14.755
and Rhodes Industries . They're both

01:04:14.755 --> 01:04:17.250
adding 4 or 500 jobs . People should

01:04:17.250 --> 01:04:19.472
remember when they add those jobs there

01:04:19.472 --> 01:04:21.639
are another 5000 jobs will be added to

01:04:21.639 --> 01:04:23.750
support it . A lot of small vendors ,

01:04:23.750 --> 01:04:25.739
contractors , etc . And we're also

01:04:25.739 --> 01:04:27.906
helping , very importantly , to ignite

01:04:27.906 --> 01:04:30.419
that American dream part is to get the

01:04:30.419 --> 01:04:32.752
kids , whether they are older , younger ,

01:04:32.752 --> 01:04:35.086
whatever their backgrounds were trained .

01:04:35.086 --> 01:04:37.308
And there's a school there partially by

01:04:37.308 --> 01:04:39.475
Han and partially by the government to

01:04:39.475 --> 01:04:41.641
train welders . These welders get paid

01:04:41.641 --> 01:04:43.697
while they're in an apprenticeship .

01:04:43.697 --> 01:04:42.969
They get healthcare while they're in an

01:04:42.969 --> 01:04:45.191
apprenticeship . When they graduate , I

01:04:45.191 --> 01:04:47.358
think after 16 weeks or something like

01:04:47.358 --> 01:04:49.525
that , they make $80,000 a year . That

01:04:49.525 --> 01:04:51.747
is the American dream . They go out and

01:04:51.747 --> 01:04:53.691
buy a house , get married , have a

01:04:53.691 --> 01:04:55.747
family , etc . and this is one small

01:04:55.747 --> 01:04:57.802
effort and that's one microcosm . We

01:04:57.802 --> 01:04:59.969
need to do this around the nation , in

01:04:59.969 --> 01:05:01.802
fact , to help some of the other

01:05:01.802 --> 01:05:01.620
nations around the world , friends and

01:05:01.620 --> 01:05:03.550
allies , do the best they can to

01:05:03.550 --> 01:05:05.661
rebuild some of their militaries . So

01:05:05.661 --> 01:05:07.883
my hats are off . I applaud everyone in

01:05:07.883 --> 01:05:09.828
this room who has helped with this

01:05:09.828 --> 01:05:09.229
effort . There is nothing more

01:05:09.229 --> 01:05:11.396
important to leave this world safe for

01:05:11.396 --> 01:05:13.507
our children , Mr . President . Thank

01:05:13.507 --> 01:05:12.870
you .

01:05:17.469 --> 01:05:19.909
Thanks , Jimmy . Uh , you know , uh , I

01:05:19.909 --> 01:05:21.798
know you know Jim Talet well from

01:05:21.798 --> 01:05:23.909
Lockheed . Uh , a small fun fact , so

01:05:23.909 --> 01:05:25.965
when Lieutenant McCormick got on the

01:05:25.965 --> 01:05:27.909
plane to deploy for the Gulf War ,

01:05:27.909 --> 01:05:30.189
Captain Takelet was the pilot of the

01:05:30.189 --> 01:05:32.189
plane out of Pope Air Force Base in

01:05:32.189 --> 01:05:34.189
North Carolina . And so we've known

01:05:34.189 --> 01:05:36.189
each other , I guess we got to know

01:05:36.189 --> 01:05:38.411
each other over the last decade or so ,

01:05:38.411 --> 01:05:40.356
but , uh , Jim , and all the major

01:05:40.356 --> 01:05:42.022
primes have big operations in

01:05:42.022 --> 01:05:44.133
Pennsylvania . And uh Jim , I think I

01:05:44.133 --> 01:05:43.810
have an you have an announcement even

01:05:43.810 --> 01:05:45.866
today that I was unaware of until uh

01:05:45.866 --> 01:05:48.032
earlier today which is great news . So

01:05:48.032 --> 01:05:50.032
please give us a quick update on on

01:05:50.032 --> 01:05:52.088
what you're doing in PA . Definitely

01:05:52.088 --> 01:05:51.689
Senator first remember that thing he

01:05:51.689 --> 01:05:54.969
said to me about short . First of all ,

01:05:55.090 --> 01:05:56.812
Mr . President , thank you for

01:05:56.812 --> 01:05:58.979
inspiring all of us to get together at

01:05:58.979 --> 01:06:01.340
an event like this . Secretary Hegseth ,

01:06:01.929 --> 01:06:04.050
really appreciate your driving the

01:06:04.050 --> 01:06:06.449
acquisition transformation that is very

01:06:06.449 --> 01:06:08.810
much needed as you just described . And

01:06:08.810 --> 01:06:10.977
Senator , this is an amazing gathering

01:06:11.129 --> 01:06:13.296
for organizing it , you and Dina , you

01:06:13.296 --> 01:06:15.240
know , really , we all owe you our

01:06:15.240 --> 01:06:17.573
thanks , so I appreciate you doing that .

01:06:19.360 --> 01:06:21.471
So I was born and raised on the north

01:06:21.471 --> 01:06:23.360
side of Pittsburgh . My dad was a

01:06:23.360 --> 01:06:25.249
boilermaker . And if I could have

01:06:25.249 --> 01:06:27.416
welded a straight bead and passed this

01:06:27.416 --> 01:06:29.249
test , Sean , I'd probably be in

01:06:29.249 --> 01:06:31.304
Boilermakers Local 154 in Pittsburgh

01:06:31.304 --> 01:06:33.471
right now , but it worked out that I'm

01:06:33.471 --> 01:06:35.582
here today with you . And people like

01:06:35.582 --> 01:06:37.760
my dad from Pennsylvania , the workers

01:06:37.760 --> 01:06:39.816
that we have in this state or why we

01:06:39.816 --> 01:06:42.830
have 5000 employees here already . And

01:06:42.830 --> 01:06:44.941
what we're going to announce today is

01:06:44.941 --> 01:06:46.997
in our Archbald , Pennsylvania plant

01:06:46.997 --> 01:06:49.052
where we make missile components for

01:06:49.052 --> 01:06:50.997
air defense missiles , sir . We're

01:06:50.997 --> 01:06:53.108
going to add another 700 jobs . We're

01:06:53.108 --> 01:06:55.330
going to double the size of the plant ,

01:06:55.330 --> 01:06:59.280
invest $60 million and add 160,000

01:06:59.280 --> 01:07:01.336
square feet to that plant , doubling

01:07:01.336 --> 01:07:02.336
its size .

01:07:07.590 --> 01:07:09.979
And that's on top of $300 million we

01:07:09.979 --> 01:07:12.659
just completed investing in our Valley

01:07:12.659 --> 01:07:14.715
Forge operation which does strategic

01:07:14.715 --> 01:07:16.770
missile reentry among other things .

01:07:16.790 --> 01:07:18.846
And you know , Mr . President , that

01:07:18.846 --> 01:07:20.679
we're gonna invest upwards of $9

01:07:20.679 --> 01:07:22.639
billion in the next 3 years at 20

01:07:22.639 --> 01:07:24.695
different sites . Looking forward to

01:07:24.695 --> 01:07:26.750
showing you some of those plans when

01:07:26.750 --> 01:07:28.972
you have time and we are gonna continue

01:07:28.972 --> 01:07:30.750
to build with you and with the

01:07:30.750 --> 01:07:32.972
Secretary , the arsenal of democracy in

01:07:32.972 --> 01:07:36.110
Pennsylvania will be ground zero for

01:07:36.110 --> 01:07:39.669
that effort . Thanks , Senator . Thank

01:07:39.669 --> 01:07:42.919
you . And just real quickly , I'll keep

01:07:42.919 --> 01:07:44.969
us going . Danny , uh , Deep from

01:07:44.969 --> 01:07:46.747
General Dynamics . Danny is the

01:07:46.747 --> 01:07:49.290
president and uh I had a chance to tour

01:07:49.290 --> 01:07:52.370
that 155 facility in Scranton and uh

01:07:52.370 --> 01:07:54.592
you've got assets across Pennsylvania ,

01:07:54.592 --> 01:07:56.759
another huge employer . Uh , just give

01:07:56.759 --> 01:07:58.926
us a quick update on , on what's going

01:07:58.926 --> 01:08:01.092
on in Pennsylvania and how you see the

01:08:01.092 --> 01:08:03.148
future expanding based on what's the

01:08:03.148 --> 01:08:05.259
president's policies that , that have

01:08:05.259 --> 01:08:07.592
been put in place . Thank you , Senator ,

01:08:07.592 --> 01:08:09.759
Secretary , Mr . President , thank you

01:08:09.759 --> 01:08:11.926
for your leadership here at home and ,

01:08:11.926 --> 01:08:15.030
and abroad , uh . It is inspiring . So

01:08:15.030 --> 01:08:17.086
here in Pennsylvania , when you talk

01:08:17.086 --> 01:08:19.252
about manufacturing muscle , this is ,

01:08:19.252 --> 01:08:21.363
this is really where we have a lot of

01:08:21.363 --> 01:08:23.530
muscle . 1100 suppliers , 8 facilities

01:08:23.530 --> 01:08:26.310
around the great Commonwealth . Over

01:08:26.310 --> 01:08:28.589
the last number of years we've expanded

01:08:28.589 --> 01:08:32.419
artillery production by 4X . And over

01:08:32.419 --> 01:08:34.660
the next several years , we'll see it

01:08:34.660 --> 01:08:36.882
continue to grow . You mentioned Rhodes

01:08:36.882 --> 01:08:39.580
Industries in that $2.5 billion dollar

01:08:39.580 --> 01:08:41.580
award . We give you a little bit on

01:08:41.580 --> 01:08:43.636
Rhodes Industries cause it's a great

01:08:43.636 --> 01:08:45.580
story . This is a multi-generation

01:08:45.580 --> 01:08:49.080
company uh with family ownership

01:08:49.620 --> 01:08:51.787
and they keep their promises , and now

01:08:51.787 --> 01:08:54.140
they have 10 years to look forward and

01:08:54.459 --> 01:08:56.819
add resources . Their , their workforce

01:08:56.819 --> 01:08:59.758
will increase by 5X . And uh they're

01:08:59.758 --> 01:09:01.980
expanding and we're doing that all over

01:09:01.980 --> 01:09:03.814
the state with all of these 1100

01:09:03.814 --> 01:09:05.980
suppliers and , and thank you for your

01:09:05.980 --> 01:09:07.925
leadership to do that and uh we're

01:09:07.925 --> 01:09:10.278
committed to deliver Virginia class and

01:09:10.278 --> 01:09:12.222
Columbia and that's what Rhodes is

01:09:12.222 --> 01:09:14.167
gonna work on and uh we don't make

01:09:14.167 --> 01:09:15.278
aircraft carriers .

01:09:20.290 --> 01:09:24.080
Thank you , Danny . You know ,

01:09:24.160 --> 01:09:26.359
uh , your administration has been very

01:09:26.359 --> 01:09:28.526
active . The Secretary , the Secretary

01:09:28.526 --> 01:09:30.692
of the Navy , uh , your Transportation

01:09:30.692 --> 01:09:32.970
Secretary in the Philadelphia Shipyard .

01:09:32.970 --> 01:09:35.303
Uh , what is happening there is magical ,

01:09:35.303 --> 01:09:37.415
and , uh , we have Michael Coler here

01:09:37.415 --> 01:09:39.526
as the CEO of that US operation , but

01:09:39.526 --> 01:09:41.359
it is with , with , uh , Hanwa's

01:09:41.359 --> 01:09:43.248
oversight and leadership , we are

01:09:43.248 --> 01:09:45.359
bringing next generation shipbuilding

01:09:45.359 --> 01:09:47.415
back to the United States , and it's

01:09:47.415 --> 01:09:49.526
incredibly exciting . Maybe just give

01:09:49.526 --> 01:09:51.637
us a quick update on that , Michael .

01:09:51.637 --> 01:09:53.692
Thank you , Senator . Uh , President

01:09:53.692 --> 01:09:55.915
Trump , I want to start by saying thank

01:09:55.915 --> 01:09:58.081
you to you and your administration for

01:09:58.081 --> 01:09:57.950
your leadership on revitalizing the

01:09:57.950 --> 01:10:00.061
defense industrial base , uh , and in

01:10:00.061 --> 01:10:02.283
revitalizing shipbuilding in the United

01:10:02.283 --> 01:10:05.500
States . Uh , Mr . Secretary , it is

01:10:05.500 --> 01:10:07.333
the , I've been in aerospace and

01:10:07.333 --> 01:10:09.500
defense industry for decades . This is

01:10:09.500 --> 01:10:11.111
the most business friendly ,

01:10:11.111 --> 01:10:13.333
industry-friendly , uh , administration

01:10:13.333 --> 01:10:15.500
we have ever seen . Uh , the access to

01:10:15.500 --> 01:10:17.750
the , the dialogue between , uh , the

01:10:17.750 --> 01:10:20.629
Pentagon and all of my colleagues in

01:10:20.629 --> 01:10:22.629
industry is like nothing we've ever

01:10:22.629 --> 01:10:24.796
seen . We greatly appreciate it . Uh ,

01:10:25.029 --> 01:10:27.270
because of that access , the

01:10:27.270 --> 01:10:29.381
president's leadership and the demand

01:10:29.381 --> 01:10:31.603
signal , Mr . President , that you have

01:10:31.603 --> 01:10:33.659
sent on defense budget , uh , we now

01:10:33.659 --> 01:10:35.881
have an environment that , uh , Senator

01:10:35.881 --> 01:10:37.659
McCormick has been able to pull

01:10:37.659 --> 01:10:39.659
together here where we have defense

01:10:39.659 --> 01:10:39.270
industry leaning forward . We have

01:10:39.270 --> 01:10:41.103
private sector , private capital

01:10:41.103 --> 01:10:43.326
leaning forward . Uh , Mr . President ,

01:10:43.326 --> 01:10:45.603
your leadership has led to all of that .

01:10:45.603 --> 01:10:47.826
We're very grateful for the opportunity

01:10:47.826 --> 01:10:49.714
to build the radar ships that you

01:10:49.714 --> 01:10:51.937
announced , uh , today . They will be a

01:10:51.937 --> 01:10:53.992
central part of the , um , defending

01:10:53.992 --> 01:10:56.103
the homeland from the missile threats

01:10:56.103 --> 01:10:56.100
that you have also , uh , made a

01:10:56.100 --> 01:10:59.009
priority . As you mentioned , sir , uh ,

01:10:59.060 --> 01:11:01.339
our shipyard in Korea puts out about

01:11:01.339 --> 01:11:04.419
one ship , a week . Uh , we have a plan

01:11:04.419 --> 01:11:05.975
to bring that capability to

01:11:05.975 --> 01:11:08.870
Philadelphia , uh . You know this

01:11:08.870 --> 01:11:11.037
better than anybody , Mr . President ,

01:11:11.037 --> 01:11:13.148
but ships win battles . Shipyards win

01:11:13.148 --> 01:11:15.149
wars , and we are going to recreate

01:11:15.149 --> 01:11:17.260
what has been great in Philadelphia .

01:11:17.509 --> 01:11:19.509
Philadelphia , home to the nation ,

01:11:19.509 --> 01:11:21.342
home to the navy , home to naval

01:11:21.342 --> 01:11:23.453
shipbuilding with the first frigate .

01:11:23.453 --> 01:11:25.676
Uh , it is going to be the home to make

01:11:25.676 --> 01:11:27.898
American shipbuilding great again , and

01:11:27.898 --> 01:11:27.750
we're very glad to be part of that ,

01:11:27.870 --> 01:11:30.092
sir . Thank you . Thank you , Michael .

01:11:30.640 --> 01:11:33.959
Was that right ? 1 ship a year , 2

01:11:33.959 --> 01:11:36.126
years ago , and the goal was to get to

01:11:36.126 --> 01:11:38.709
20 ships a year . Think about 1 ship a

01:11:38.709 --> 01:11:40.879
year to 20 ships a year . That's the

01:11:40.879 --> 01:11:43.160
path that's happening because of the

01:11:43.160 --> 01:11:45.493
policies , the emphasis on shipbuilding .

01:11:45.493 --> 01:11:47.604
We're still not where we need to be ,

01:11:47.604 --> 01:11:49.660
but a huge , huge step forward , you

01:11:49.660 --> 01:11:51.716
know , this whole summit also , Mr .

01:11:51.716 --> 01:11:51.560
President , we have the , the defense

01:11:51.560 --> 01:11:53.504
primes here , but we have a lot of

01:11:53.504 --> 01:11:55.504
emerging technologies . There's 130

01:11:55.504 --> 01:11:57.838
boosts up here , Pennsylvania companies ,

01:11:57.838 --> 01:11:59.893
AI , drones . It's , it's incredible

01:11:59.893 --> 01:12:01.893
what we're seeing . And there's all

01:12:01.893 --> 01:12:04.419
sorts of capital coming into these

01:12:04.419 --> 01:12:06.475
emerging technologies in the defense

01:12:06.475 --> 01:12:08.475
tech space and we have at the table

01:12:08.475 --> 01:12:10.641
here two of the really most successful

01:12:10.641 --> 01:12:12.863
investors in defense tech . So I'd like

01:12:12.863 --> 01:12:14.863
to ask them both to comment on that

01:12:14.863 --> 01:12:16.863
because our future as the secretary

01:12:16.863 --> 01:12:19.086
said , is not just Doubling down on the

01:12:19.086 --> 01:12:18.790
existing primes , although they play an

01:12:18.790 --> 01:12:20.623
incredibly important role , it's

01:12:20.623 --> 01:12:22.457
bringing in new entrants and new

01:12:22.457 --> 01:12:24.346
technologies and disruptors , and

01:12:24.346 --> 01:12:26.568
that's what we need for the future . So

01:12:26.568 --> 01:12:28.679
Antonio Gracias , who you know well ,

01:12:28.679 --> 01:12:28.229
uh , has been extremely successful in

01:12:28.229 --> 01:12:30.396
this space . Uh , maybe you could give

01:12:30.396 --> 01:12:32.562
us a thought , uh , Antonio , and then

01:12:32.562 --> 01:12:34.673
I'll turn to Thomas Toll . Uh , thank

01:12:34.673 --> 01:12:36.840
you , Dave . I appreciate it very much

01:12:36.840 --> 01:12:36.770
and thank you , Dave , for inviting me .

01:12:37.310 --> 01:12:38.977
Mr . President , it's been um

01:12:39.160 --> 01:12:41.271
extraordinary , and I've been working

01:12:41.271 --> 01:12:43.438
in manufacturing defense tech actually

01:12:43.438 --> 01:12:45.493
since the mid-nineties . And there's

01:12:45.493 --> 01:12:45.120
never been an environment like this .

01:12:45.359 --> 01:12:49.240
You're right , Heck , never . We have 5

01:12:49.240 --> 01:12:52.720
companies here today Anderal , Saronic ,

01:12:53.160 --> 01:12:57.069
Hadrian , General Matter . Um , we ,

01:12:57.160 --> 01:13:00.700
we are literally seeing an environment

01:13:00.700 --> 01:13:03.080
and change at the DOW that is allowing

01:13:03.080 --> 01:13:04.969
these companies to accelerate and

01:13:04.969 --> 01:13:07.191
unleashing American entrepreneurship in

01:13:07.191 --> 01:13:08.858
the defense area . It's truly

01:13:08.858 --> 01:13:11.191
extraordinary , and I want to thank you .

01:13:11.191 --> 01:13:12.858
We needed it as a country for

01:13:12.858 --> 01:13:15.080
reconciliation . We also need to defend

01:13:15.080 --> 01:13:16.913
ourselves . I think about my own

01:13:16.913 --> 01:13:16.600
children if they're fighting a war that

01:13:16.600 --> 01:13:18.489
they want to have , that's how we

01:13:18.489 --> 01:13:20.544
decide to invest in , and clearly we

01:13:20.544 --> 01:13:22.489
want this technology . Thank you .

01:13:22.489 --> 01:13:25.819
We're very grateful . Thank you ,

01:13:25.870 --> 01:13:29.870
Antonio . Thomas I ,

01:13:29.970 --> 01:13:33.709
I live here in Pennsylvania and the

01:13:34.549 --> 01:13:36.605
The atmosphere that you've created ,

01:13:36.605 --> 01:13:38.827
sir , under your leadership , Secretary

01:13:38.827 --> 01:13:42.470
Hegseth , Senator McCormick , we've

01:13:42.470 --> 01:13:44.692
invested billions of dollars in defense

01:13:44.692 --> 01:13:47.640
tech because we know that we need it .

01:13:47.839 --> 01:13:50.919
We know that we have to , we live in a

01:13:50.919 --> 01:13:53.030
dangerous world and we have to defend

01:13:53.030 --> 01:13:55.197
that and we have to be leaders . We've

01:13:55.197 --> 01:13:57.030
invested in companies like Gecko

01:13:57.030 --> 01:14:00.040
Robotics here in Pittsburgh .

01:14:00.729 --> 01:14:03.240
And without the change that you're

01:14:03.700 --> 01:14:06.779
causing , These things aren't possible ,

01:14:06.939 --> 01:14:08.995
so I just want to say thank you very

01:14:08.995 --> 01:14:11.217
much , and it's going to make a massive

01:14:11.217 --> 01:14:13.161
difference for the next 20 years .

01:14:17.450 --> 01:14:19.672
You know , Mr . President , uh , one of

01:14:19.672 --> 01:14:21.506
the things that you talked about

01:14:21.506 --> 01:14:23.561
constantly on the campaign trail and

01:14:23.561 --> 01:14:25.728
that I , I tried to talk about as well

01:14:25.728 --> 01:14:25.279
and that you've been focused on like a

01:14:25.279 --> 01:14:28.250
laser is jobs . And what's happening

01:14:28.250 --> 01:14:30.930
here in Pennsylvania is that if you go

01:14:30.930 --> 01:14:33.669
to and talk to any manufacturer or any ,

01:14:33.770 --> 01:14:37.009
any job site , they can't get . The

01:14:37.009 --> 01:14:38.898
skilled workers they need because

01:14:38.898 --> 01:14:40.842
there's so much new investment and

01:14:40.842 --> 01:14:43.009
activity going in . So we need to take

01:14:43.009 --> 01:14:45.065
advantage of this moment , build the

01:14:45.065 --> 01:14:47.176
workforce . In Pennsylvania , we have

01:14:47.176 --> 01:14:49.342
an incredibly skilled workforce . As I

01:14:49.342 --> 01:14:51.453
said earlier , we have 190,000 people

01:14:51.453 --> 01:14:53.565
that work in the defense . Industry ,

01:14:53.565 --> 01:14:53.479
we hope that number is going to double

01:14:53.979 --> 01:14:56.379
over the next 5 or 10 years , uh , but

01:14:56.379 --> 01:14:58.490
one thing I think we can all agree on

01:14:58.490 --> 01:15:00.657
is the American dream is , is gonna be

01:15:00.657 --> 01:15:02.823
pursued and captured by creating these

01:15:02.823 --> 01:15:05.220
great paying jobs for the next

01:15:05.220 --> 01:15:07.276
generation of folks , and , uh , you

01:15:07.276 --> 01:15:09.459
know , Sean McGarvey , who , uh , has

01:15:09.459 --> 01:15:11.570
become a friend , I called him during

01:15:11.570 --> 01:15:13.792
the campaign and he didn't think you or

01:15:13.792 --> 01:15:16.015
I was going to win . And we bet a steak

01:15:16.015 --> 01:15:18.015
dinner and uh he ended up losing on

01:15:18.015 --> 01:15:20.181
that steak dinner and has been a great

01:15:20.181 --> 01:15:22.830
ally uh in terms of uh what we need to

01:15:22.830 --> 01:15:25.052
do for our workforce to be successful .

01:15:25.052 --> 01:15:27.274
So Sean , maybe you could say a , say a

01:15:27.274 --> 01:15:29.219
few , few words , uh , what you're

01:15:29.219 --> 01:15:31.441
seeing and what , what the workforce of

01:15:31.441 --> 01:15:33.608
the future needs to look like . Well ,

01:15:33.608 --> 01:15:35.774
thank you , Senator , Mr . Secretary ,

01:15:35.774 --> 01:15:37.997
Mr . President , um , and the president

01:15:37.997 --> 01:15:40.108
knows , you know , my business better

01:15:40.108 --> 01:15:42.163
than I know my business . Uh , we've

01:15:42.163 --> 01:15:44.052
been in the workforce development

01:15:44.052 --> 01:15:46.330
business when it comes to construction ,

01:15:46.330 --> 01:15:48.386
uh , skills for 100+ years . Uh , we

01:15:48.386 --> 01:15:50.680
have , uh , 1600 training centers

01:15:50.680 --> 01:15:52.847
across the United States . We spend $3

01:15:52.847 --> 01:15:54.958
billion of our own money every year .

01:15:54.958 --> 01:15:57.180
We don't need any money from anybody in

01:15:57.180 --> 01:15:59.347
the audience , anybody on the podium ,

01:15:59.347 --> 01:16:01.680
the federal government , we got our own .

01:16:01.680 --> 01:16:03.736
Uh , we have 21,000 instructors . We

01:16:03.736 --> 01:16:05.513
have 300,000 plus people in our

01:16:05.513 --> 01:16:05.459
programs right now registered

01:16:05.459 --> 01:16:07.570
apprenticeship , and we can ramp that

01:16:07.570 --> 01:16:09.681
up to a million . Uh , so we can meet

01:16:09.681 --> 01:16:12.459
the needs of this industry , uh , and

01:16:12.459 --> 01:16:14.237
the other industries , the tech

01:16:14.237 --> 01:16:16.015
industry , the power generation

01:16:16.015 --> 01:16:18.015
industry , uh , but what we need is

01:16:18.015 --> 01:16:19.903
deals and we need deals way , way

01:16:19.903 --> 01:16:21.848
further up the pipeline when other

01:16:21.848 --> 01:16:24.126
decisions are being made . Our members ,

01:16:24.126 --> 01:16:26.292
you know , have historically been just

01:16:26.292 --> 01:16:28.459
great patriots in this country whether

01:16:28.459 --> 01:16:30.403
it was World War 1 , World War 2 ,

01:16:30.403 --> 01:16:32.759
entering the CBS to build the airstrips ,

01:16:33.089 --> 01:16:35.439
um , and the bases across the world ,

01:16:35.660 --> 01:16:37.771
uh , the Manhattan Project . Building

01:16:37.771 --> 01:16:39.882
Oak Ridge , Savannah River , you name

01:16:39.882 --> 01:16:41.660
it , and still working in those

01:16:41.660 --> 01:16:43.604
facilities today all the way up to

01:16:43.604 --> 01:16:45.604
COVID when we had to keep hospitals

01:16:45.604 --> 01:16:47.827
open , build temporary morgues . It was

01:16:47.827 --> 01:16:50.049
the members of the building trades that

01:16:50.049 --> 01:16:52.160
stepped up and did it . So we believe

01:16:52.160 --> 01:16:54.382
that highly skilled craft workers are a

01:16:54.382 --> 01:16:56.438
national security issue , and we are

01:16:56.438 --> 01:16:58.493
prepared to meet any needs necessary

01:16:58.493 --> 01:17:00.660
right here in Pennsylvania for Senator

01:17:00.660 --> 01:17:02.716
McCormick or for anybody across this

01:17:02.716 --> 01:17:04.493
country , and we appreciate the

01:17:04.493 --> 01:17:04.245
opportunity to do so for our country ,

01:17:04.325 --> 01:17:07.979
Mr . President . Thank you . Thank you ,

01:17:08.140 --> 01:17:10.500
Sean . Thanks for the , thanks for the

01:17:10.500 --> 01:17:12.500
great support , uh , for everything

01:17:12.500 --> 01:17:14.722
you've done on our , on our workforce .

01:17:14.722 --> 01:17:17.000
Uh , Mr . President , I think , um , I ,

01:17:17.000 --> 01:17:19.111
I might ask , uh , the , the secret ,

01:17:19.111 --> 01:17:21.167
uh , Dan Driscoll to , to make a few

01:17:21.167 --> 01:17:23.333
remarks and maybe close on that . Um ,

01:17:23.333 --> 01:17:25.444
I just wanna say this , uh , this has

01:17:25.444 --> 01:17:27.778
been an extraordinary event in the army .

01:17:27.778 --> 01:17:30.000
And the Army War College , which you're

01:17:30.000 --> 01:17:32.111
here , the 4th president in America's

01:17:32.111 --> 01:17:31.799
history to visit here since the

01:17:31.799 --> 01:17:34.180
Revolutionary War , uh , the , the , uh ,

01:17:34.319 --> 01:17:36.430
Carlisle Arsenal , the , the Army War

01:17:36.430 --> 01:17:38.430
College , and , uh , and the Army's

01:17:38.430 --> 01:17:40.430
been extraordinary . So , uh , Mr .

01:17:40.430 --> 01:17:42.541
Secretary , uh , first of all , thank

01:17:42.541 --> 01:17:44.763
you , thank you to General Brankamp and

01:17:44.763 --> 01:17:44.669
everybody that made this possible , but ,

01:17:44.680 --> 01:17:46.791
uh , maybe give you , give you a word

01:17:46.791 --> 01:17:48.791
and I'll , uh , I'll close and then

01:17:48.791 --> 01:17:50.680
turn to the president . Uh , Mr .

01:17:50.680 --> 01:17:52.902
President , Secretary of Warheck Seth ,

01:17:52.902 --> 01:17:52.649
your leadership , what it's

01:17:52.649 --> 01:17:54.871
fundamentally done for the people in my

01:17:54.871 --> 01:17:57.093
life every day , the American soldier ,

01:17:57.093 --> 01:17:59.316
you have unleashed them to do what they

01:17:59.316 --> 01:18:01.819
joined the army to do , to be ready to

01:18:01.819 --> 01:18:03.930
fight and win our nation's wars , and

01:18:03.930 --> 01:18:06.152
we had gotten in their way for the last

01:18:06.152 --> 01:18:08.375
30 and 40 years . We had not let all of

01:18:08.375 --> 01:18:10.597
these entrepreneurs come get in the mud

01:18:10.597 --> 01:18:12.597
with them and help them change what

01:18:12.597 --> 01:18:14.597
they could use to fight , and it is

01:18:14.597 --> 01:18:16.763
because of you , Secretary , and you ,

01:18:16.763 --> 01:18:18.597
Mr . President , that all of the

01:18:18.597 --> 01:18:20.763
regulatory . Nonsense has been knocked

01:18:20.763 --> 01:18:22.763
out of the way , and I think if you

01:18:22.763 --> 01:18:24.930
talk to any of the soldiers , sir , on

01:18:24.930 --> 01:18:27.097
your way to the helicopter , what they

01:18:27.097 --> 01:18:29.097
will tell you is the last 18 months

01:18:29.097 --> 01:18:28.839
have looked nothing like most of their

01:18:28.839 --> 01:18:30.895
careers , and that is because all of

01:18:30.895 --> 01:18:32.950
you on the stage and everyone out in

01:18:32.950 --> 01:18:35.172
the audience . So thank you so much for

01:18:35.172 --> 01:18:34.680
being here .

01:18:39.660 --> 01:18:41.882
Mr . President , just , uh , uh , let ,

01:18:41.882 --> 01:18:44.216
let me close with the following remarks .

01:18:44.216 --> 01:18:46.327
We , we , I think we're in the middle

01:18:46.327 --> 01:18:46.259
of an enormous transformation in

01:18:46.259 --> 01:18:49.020
America that's being led as a result or

01:18:49.020 --> 01:18:50.853
taking place as a result of your

01:18:50.853 --> 01:18:52.742
leadership . Uh , the , the , the

01:18:52.742 --> 01:18:54.798
industrial defense industrial base ,

01:18:54.798 --> 01:18:56.964
making sure our military is , is ready

01:18:56.964 --> 01:18:59.187
to take on these many challenges we see

01:18:59.187 --> 01:19:01.187
and evolves in a way that's able to

01:19:01.187 --> 01:19:03.353
ensure that we are going to remain the

01:19:03.353 --> 01:19:05.464
greatest military in the world . Uh ,

01:19:05.464 --> 01:19:07.742
under your leadership that's happening .

01:19:07.742 --> 01:19:07.339
So thank you , thank you for that . On

01:19:07.339 --> 01:19:09.561
a personal note , I wanna thank you for

01:19:09.561 --> 01:19:11.728
coming to Pennsylvania . I know , um ,

01:19:11.728 --> 01:19:13.783
it's hard with your amazing schedule

01:19:13.783 --> 01:19:16.006
and you've done this twice . You did it

01:19:16.006 --> 01:19:15.779
last year , you did it this year . It

01:19:15.779 --> 01:19:18.660
is a catalyst for action . It's making

01:19:18.660 --> 01:19:20.716
huge things happen in Pennsylvania .

01:19:20.716 --> 01:19:22.993
Dean and I are so grateful that you're ,

01:19:22.993 --> 01:19:25.049
you're willing to do this , uh , for

01:19:25.049 --> 01:19:27.271
Pennsylvania and for our country . Um ,

01:19:27.271 --> 01:19:29.160
so thank you . Uh , we're , we're

01:19:29.160 --> 01:19:30.993
eternally grateful and we really

01:19:30.993 --> 01:19:30.680
appreciate your leadership .

01:19:38.600 --> 01:19:40.656
You , sir , would you like the final

01:19:40.656 --> 01:19:44.580
word ? Well , I just want to say thank

01:19:44.580 --> 01:19:46.636
you all very much . This is an honor

01:19:46.636 --> 01:19:49.660
that I won't forget , and I appreciate

01:19:49.660 --> 01:19:52.459
you saying I've been here twice , which

01:19:52.459 --> 01:19:54.729
is pretty much maxed out once a year ,

01:19:54.810 --> 01:19:56.866
but I'll be here again next year for

01:19:56.866 --> 01:19:58.921
you . Thank you . Thank you , ladies

01:19:58.921 --> 01:20:00.921
and gentlemen , the forty-fifth and

01:20:00.921 --> 01:20:03.032
forty-seventh President of the United

01:20:03.032 --> 01:20:02.240
States . Thank you .