tv Bloomberg Politics Inauguration 2017 Bloomberg January 22, 2017 12:00pm-1:01pm EST
chief justice roberts: i, donald john trump, do solemnly swear. donald trump: i, donald john trump, do solemnly swear that i -- that i will faithfully execute -- that i will faithfully execute -- chief justice roberts: the office of president of the united states -- donald trump: the office of president of the united states -- chief justice roberts: and will to the best of my ability-- donald trump: and will to the best of my ability -- chief justice roberts: preserve, protect and defend the donald trump: preserve, protect and defend. >> the constitution of the united states. >> the constitution of the united states.. chief just roberts: so help me god. donald trump: so help me god.
chief justice roberts: congratulations, mr. president. ♪ ♪ >> welcome to an extraordinary day in american history. bloomberg politics special coverage of donald trump's inauguration ceremony. we are here at bloomberg headquarters in new york. this is an important day in what has been an astonishing political journey for both the nation and for donald trump himself. president trump: for too long a small group in our nation's capital have reaped the rewards of government while the people have borne the cost. washington flourished, but the people did not share in its wealth. politicians prospered, but the jobs left and the factories closed. the establishment protected
itself, but not the citizens of our country. their victories have not been your victories. their triumphs have not been your triumphs. and while they celebrated in our nation's capital, there was little to celebrate for struggling families all across our land. that all changes starting right here and right now. because this moment is your moment. it belongs to you. [applause] >> i think it is the greatest political upset of all time. i think this transition is in many ways the most surreal, certainly the most surreal inauguration of our lifetime. >> there are a lot of protesters in washington and people excited about seeing the change they voted for begin.
>> inaugural addresses are obviously a great ceremony, a great tradition and american life. it's the case that many american -- many presidents have given them but they have not been memorable. there are exceptions to that. but in this case because of the division of the country and in and the unusualness of donald trump, this speech is much more important. not merely ceremony, the much -- but much more important politically, much more important to the state of the country and how they look at donald trump than your average inaugural address. there is great controversy over trump's businesses and conflicts of interest. many ethics experts on both sides of the aisle suspect donald trump will be sued shortly after he takes the oath of office for violating the clause of united states constitution. those conflicts are still unresolved. whatever you think of those charges on their merits, this is a president who comes into this moment with a divided country, a
minority of the popular vote. other esidents have faith that -- based that but it poses great , challenges. someone being investigated by several branches of government for connections -- potential connections with russia and its role in the election. business conflicts that will be the source of controversy, potentially scandal. he has an extraordinary set of political challenges to overcome if he is going to come close to making good on the grand promises he made to essentially make america great again. >> let's get a quick word from mike mckee about congress and about a gentleman you have seen prominently today, chuck schumer, who has played a major role in slowing down the confirmation process of a number of trump nominees to the cabinet. also, mike would need to be a big partner if trump will have -- of trump if he will have bipartisan achievements. >> you will need chuck schumer.
this republicans are divided, point, perhaps more than the democratic caucus between the tea party types that don't want to spend more money and the republicans who want to go along with donald trump's tax cuts, etc. he will need democratic votes on a lot of different issues. chuck schumer is in a good position to decide who gets the votes and when. he said he is going to take the issues one by one. donald trump's proposals one by one and see what he thinks of each one. he has already made a decision on cabinet officials. he is delaying the vote on everyone except general mattis and general kelly today to be members of the cabinet until at least next week. he is already slowing down the trump train as it were. >> we are looking at the new president of the united states, donald trump and his wife melania standing with the former president, barack obama and his wife michelle. looking out over the mall.
we just saw joe biden and his wife get into a black car. they will be heading to union station where they will board a train, an amtrak train, in the finest tradition of joseph biden junior and go back to wilmington, delaware. the family seat of the biden's. joe biden having taken the amtrak for years on a daily basis. he is returning on that same train. president obama is heading off soon by helicopter in and buy airplane the palm springs, california. >> by tradition what happens is the outgoing president and vice president the part and the incoming president and vice president joined a lunch of the capital in statuary hall with members of congress. uc president trump now walking, former president obama to the helicopter. this will be a parting of two men who have developed a bond of sorts during the transition, but who obviously have a history of
negativity between them. with theama now faced reality of watching his successor tried to undo much of what he accomplished in office, including most importantly the affordable care act. president trump: we, the citizens of america are now joined in a great national effort to rebuild our country and restore its promise for all of our people. together we will determine the course of america and the world for many, many years to come. we will face challenges. we will confront hardships, but we will get the job done. ♪
♪ >> welcome to our special bloomberg coverage of donald trump's inauguration. the big issue, the economy. we begin with tax reform. one of the major policy reforms he is expected to tackle. president trump: we will take on -- undertake one of the biggest reforms and supplications in -- simplifications in american
history. this includes lowering the tax rate on business from 35% all the way down to 15%. [cheers] and massive tax cuts for middle class workers. massive, the biggest. the biggest since reagan. bigger than reagan. >> he will lower the corporate tax rate. he has pledged to consolidate the nation's seven tax brackets down to three. a 12% rate, 25% and top earners at 33%. repeal the so-called "death tax." and allow for deductions, child in elderly care services. congressional democrats are calling this plan a boon for the rich that but raise his campaign promise to help working americans. trump nominated steven mnuchin for treasury secretary. that would make him a central figure in what may be the biggest clash on capitol hill we see at the beginning of the trump administration over tax
reform. john, when it comes to trump's tax plan, is it a good policy? and is it good politics? >> it is not just democrats who say this will be a rooster vision and tax plans. it is in reality a bipartisan, nonpartisan -- this will be an -- the, if enacted in this form. we know there is broad support for corporate tax reform. broadly along the lines trump is pursuing. there will be a big fight over what is clearly going to be a big boon to upper income individuals at a time when has -- when there has been massive income inequalities that are worsening. a large part of trump's political appeal was not just a rich people with a working-class americans who are, if democrats messaged this correctly, they could seem against raising the minimum wage. it will be a fight that might not be good policy or good politics on those grounds.
>> a push for tax reform teases out every theme and a question -- every question about how this will go. the big question is do you want democratic votes for this or not? paul ryan's plan, the house plan is more to the right and trump's -- been trump's plan. if trump would do with barack obama did, he would basically move in that direction and get no democratic votes. i can see a plan in my minds eye tweaking the trump plan. a lot of the democrats will like the corporate reform. some of the provisions on credit. move the burden more to the wealthy, less on the middle class. i can see democrats on the merits voting for that. it is good politics if trump can find a way for the planting a -- the plan to get bipartisan support. is a good policy? only if it leads to lowering the deficit in the long-term and in the short term creating jobs. >> will this thing create jobs? supply-siders will say yes. >> the next president sites the
manufacturing trade deficit of $800 billion. that number representing how much the nation spends on imports compared how much we earn from exporting goods made here at home. it does not include the surplus when it comes to service industries. still trump says he will close , the manufacturing trade debt by renegotiating the north american free trade agreement, nafta, the dreaded nafta, and withdrawing from the tpp. he is also threatening a 35% border tax on u.s. companies that move jobs out of this country. mark, when it comes to donald trump's positions on trade, good policy and good politics? your starting point here, this is probably one of the signature things of trump's campaign and the place where he is most out of step with republican orthodoxy. mark they believe china and : other countries overseas are killing us. for his base and a larger group, it is good politics.
it will only be good policy if he is not protectionist. everyone serious about economics understand trump will have easy wins on this. he will go to countries and say we will redo trade, do this for me. i think he will change the way some of these deals work. in the end, i don't think it will be trade wars. i don't think there will be super high tariffs. he will use the threat of it to try to extract things from other people. paul ryan does not preside over protectionist deals. john: talking about this is one of the things we do in these specials that gets to the challenges. one is always the question i raised earlier, which is how much are these things opening bids? mark: on trade, bigly. john: i think that's probably right. the other thing is, it seems that it is isolationist. might it about this is the question of how many fights will trump pick with republicans.
u.s. stock market has responded quite warmly to the notion of a trump presidency. what it means for the day ahead cohostmberg brainiac and of the show "what did you miss. answer the question. mark said it. the market was going to tank. it did not tank. why? joe: everyone was wrong about that and it was hilarious. it shows markets people are is -- as no nothing as everybody else. this story told to explain this rally is people are excited. the unified republican government. they will forget about deficit and debt because that's what happened -- that what hat -- that is what happens when parties unite. trump is talked about infrastructure in the past so we will get an infrastructure boom. everybody loves tax cuts and regulatory rollbacks. people are putting together this imaginary policy, none of which has been articulated yet, but
expecting that is what is going to happen. the problem is as i see it looking into the year, and i don't make forecasts, but i'm imagining tension. since the election, what has trump talked about? hammering companies that don't manufacture in the wall. all kinds of things that typically investors don't get real excited about. it seems that is where his head is at. investors heads are somewhere else. i have to imagine at some point in 2017 there will be some tension between the two visions. president trump: i will fight for you with every breath in my body, and i will never, ever let you down. [cheers] america will start winning again. winning like never before. [cheers] we will bring back our jobs. we will bring back our borders.
♪ john: welcome to our special bloomberg politics coverage of donald trump's inauguration. i'm john heilemann here with mark halperin. let's begin with donald trump's infrastructure proposal. president trump: i'm asking congress to support the construction of new roads, bridges, airports, tunnels, and railways across our nation. we will do it. and we are going to build it on time, on budget. not for three times what it is supposed to cost. john: that is $1 trillion of public and private funding for roads, bridges, airports and other public infrastructure
projects. that would include some form of both public and private investment. combined, it amounts to about three times as much as to the highway bills passed and signed by president obama in 2014 and president bush in 2005. president trump: on immigration we will build a great wall and , we will put an end to illegal immigration. and stop the drugs from pouring into our country. >> he said his border wall will cost between $8 billion and $12 billion. other estimates very widely. almost all agree his numbers are probably low for such a wall. the president-elect now says he would like to build a wall with u.s. funds, but insists he would get the mexican government to reimburse the u.s. for the expenses. all told when you add up the , cost of ending the nation's so-called catch and release approach to immigration in deportation tripling ice border , security personnel and a tracking system, all the other trump proposals on immigration,
the likely price tag could exceed $100 billion. it is unclear exactly what immigration legislation republicans are going to settle on. from what we know, when it comes to getting immigration reform to congress what are the biggest hurdles he will face? the biggest hurdle is that his plan is totally ridiculous on a million levels. there will not be a border wall. there will not be a great wall like the great wall of china and the mexicans will not be paying for it. >> it will be a physical wall. >> there was already a physical wall. >> a bigger physical wall. >> he is talking about building a giant wall. i think this will be a tricky issue because i don't know how much trump -- i have no idea if he believes anything he has ever said about this or if it was purely political and purely calculated. there is a reason why a lot of people have had a hard time
passing immigration reform. it is on some level a super easy issue, but then it's also very complicated. mark: i'm willing to predict on this one. a lot of what trump will do is what barack obama did. deport people. which president obama did. and he will get more credit than barack obama for doing it. he will do photo ops with the pieces of the wall and you will kick the can down the road until he can get democratic support on other issues and try to pass comprehensive immigration reform of democratic votes. according to analysis this fall by the committee for a responsible federal budget, trump's proposals could add $5.3 trillion to the national debt by the end of his presidency. here is bloomberg reporter with why that can cause a bit of tension with republicans in congress. >> donald trump has been all over the map on this issue.
in march 2016 he told the washington post he would like to get rid of the $19 trillion national debt quickly, a proposition experts noted was somewhat absurd given the fact that doing so will require the sort of savage cuts that would create a great depression. one month he walked that back saying up to get the offer percentage of it 10 years but he wanted to focus on other things like infrastructure spending and growing the economy. from our understanding donald , trump's proposals do not add up with his promise to lower the deficit. the nonpartisan committee for responsible federal budget estimated in september that his proposals would increase the deficit by $5.3 trillion. he has proposed to cut taxes massively and grow the military spending and promised not to touch social security and medicare spending. that is a huge pile of money he has put off the table for cuts. even if you were to eliminate everything he has put on the table for 10 years that would not reduce the deficit. republicans in congress seem somewhat resistant to trump's
idea to allow the deficit to rise. mitch mcconnell and paul ryan have said any tax reform should be revenue neutral. the big question is, who is going to stand up to him if he pushes for not only big tax cuts but infrastructure programs that republicans have been resistant to in the past? >> if trump faces competing pressures to keep campaign promises on spending and keep down the debt -- i know you think he will err on the side of spending. will the notion of debt and deficit intrude on his plans in 2017? >> not at all. i just think it will be a loud, drunken spending spree in washington, d.c. a lot of what the bush administration did. the republicans have been two-faced on this for a while. in the end, if stimulus spending and tax cutting ends of generating some huge economic boom, we will see a little deficit reduction.
i don't bet on that happening. i don't think there will be spending restraint, nor do i think there will be any kind of chip put in to the debt. it will be a drunken party down there. mark: we agree on trump proclivities. what strengthens his hand is you did not hear republicans talk about debt and deficit reduction in the campaign. you did not hear criticism of him from his rivals for the nomination from congressional leaders, including paul ryan who , is a big green eyed shade guy. not only does that give them license to do it but it also , means when people call him on it, you basically say i said i would do these things. while it is a little bit of a copout to say grow yourself out of the deficit, look at the current experience, the realities of washington. you need to eventually have more revenue. the best way to pay down the
debt is with more robust economic growth. i know that is what trump is banking on. is, this is aity very substance free campaign. this pledge to reduce the deficit in this ridiculous way he is claiming to do. it's the first time i've heard of it. i covered the campaign. he never talked about that on the campaign trail. of all the promises, that's the one he talked about the least. at least you can't accuse him of making a promise and going back on it. you know, it might be disastrous for the economy that we will see. president trump: we will build new roads and highways and bridges and airports and tunnels and railways all across our wonderful nation. we will get our people off of welfare and back to work, rebuilding our country with american hands and american labor.
going to be only america first. america first. [applause] president trump: every decision on trade, on taxes, on immigration, on foreign affairs will be made to benefit american workers and american families. mark: welcome to an extraordinary day in american history. bloomberg a special coverage of donald trump's inauguration ceremony. i am mark halperin. we are here at her headquarters in new york. president trump: at the bedrock of our politics will be a total allegiance to the united states of america and through our loyalty to our country, we will rediscover our loyalty to each other. when you open your heart to patriotism, there is no room for prejudice. [applause]
president trump: the bible tells us how good and pleasant it is when god's people live together in unity. we must speak our minds openly, debate our disagreements honestly, but always pursue solidarity. when america is united, america is totally unstoppable. mark: let's go back to capitol hill. our colleague mike mckee is still there. mike, i would love to get your thoughts on the speech and what he might do to lay the groundwork for any forward progress on executive orders or legislation. mike: if you think there were two audiences, donald trump was speaking to the 46% who voted for him. it sounded like a campaign speech, but it also sounded like he was drawing a line in the
sand for members of congress. i am going to propose policies and you are not. now on the white house website, he laid out a series of policies on various issues which coincide with what he put forward on the campaign. talking in terms of trade, we are no longer going to have unfair trade deals and i will withdraw from tpp and we will renegotiate nafta and if countries don't, they will pay the price. he talks about bringing back manufacturing jobs to the tough -- through the tough but fair trade deals and talked about building the border wall. he is promising on the white house website that he is going to do that. a lot of the campaign coming through immediately into trump's governing plan. the question is how it will be received on capitol hill and how quickly he can get this stuff done and whether it will work. >> i am looking at this wife -- -- whitehouse.gov. these policy statements, are there other things you see their
-- you see there that could be translated into concrete action in the early days of the administration? mike: he is talking about limiting regulation and focusing the epa back on the mission of protecting clean air and clean water. through executive action, he can kill the obama era regulations. when of the more interesting things on the website is opening up federal land for drilling with oil and natural gas. he has power to do that. it would be violently opposed by people on the left side and the environmental community, but he can do that. what ever that will look like, an open question, because he is talking about bringing back jobs to coal country and the things die a -- diametrically opposed. it looks like he will go into
energy is one of the first things he wants to do. one of the things that showed up in the speech is the idea that protection will bring prosperity. when he added that line, wall street seem to have a heart attack. they do not want any kind of trade wars, but it sounds like he is embracing the idea as a possibility. john: let's bring in our colleague kevin. kevin, we would love to get your thoughts on how the speech will be received. how do you think it will be received by people opposed to donald trump? kevin: no, i think the democrats have done a successful job defining donald trump, despite his efforts in the speech to reach out and unify, particularly on the issue of race. we heard him two times argue that, when you open your hearts to patriotism, there is no room for prejudice. that is clearly an effort on his behalf to try and begin healing
the divided country. more broadly speaking, i think john hit this right on the head. this was a speech that i think was perhaps a mixture of what we saw at his acceptance speech -- accepting the nomination in cleveland, but also a tad bit more of what we saw him in his acceptance speech in becoming the president-elect in new york at the hilton on election night . it also had doses of the typical trump campaign stump speech, ending with "make america great again." one thing i thought was missing and notable was that he did not make a mention of the word "wall." he talked about strengthening the borders, but a key thing of using that brash rhetoric -- he left that out of his speech. a lot of people are parsing through the website trying to figure out exactly what the trump administration will begin to work on this weekend for lawmakers come monday morning.
president trump: from this day forward, a new vision will govern our land. from this day forward, it is going to be only america first. america first. [applause] president trump: every decision on trade, on taxes, on immigration, on foreign affairs will be made to benefit american workers and american families. we must protect our borders from the ravages of other countries, making our products, stealing our companies, and destroying our jobs. >> ♪ from sea to shining sea from sea to shining sea ♪
♪ >> since his upset victory in the election, here is how donald trump talked about his deswamping to do list. president trump: ethics reform will be a crucial part of our 100 day plan as well. we are going to drain the swamp of corruption in washington, d.c. drain the swamp. [applause and cheering] president trump: i will impose a five-year ban on congressional branch officials becoming lobbyists, and a lifetime ban on officials becoming lobbyists for a foreign government.
for too long, washington has tried to put us in boxes. they separate us by race, by age, by income, by geography, by place of birth. washington's politicians have spent so long appealing to competing interest, they have forgotten how to appeal to the national interest -- combining the skills and talents of our people in a common cause. speaker paul ryan, -- oh no, i have come to appreciate him. speaker paul ryan. where is the speaker? where is he? he has been terrific. honestly, he is like a fine wine. every day that goes by, i get to appreciate his genius more and more. we are going to need our government in this movement to be more engaged and vigilant than ever before to help us
accomplish the reforms that overcome decades of stalemates and gridlock. we are going to get it done. john: after weeks of cryptic tweets, donald trump finally held a press conference last week to finally attempt to address concerns about those business conflicts of interest that he has so many others he -- that he has so many of before he becomes president of the united states. instead of fully divesting himself, trump said he would turn over his business operation to his two oldest sons, donald junior and eric trump. it would donate profits from the hotels into the united states government, and the company would refrain from any international deals during the trump administration. any other domestic deals would be vetting by an ethics advisor. mark, how will the swamp
draining advocates view where donald has landed in terms of dealing with business conflicts? mark: i agree with those who said, "the only way trump could himself and get rid of the conflict would be to liquidate the business." i knew he was never going to do that. under the circumstances, people can look at what he did, and as i predicted, he went further than he might have. there are provisions that are further than i thought initially he would go. i think the key is if you really has an ethics czar, someone like ken feinberg, a respected auditor of these kinds of decisions. if you pick somebody like that to oversee the new deals and that person is truly independent, i think the system is manageable. if use pick somebody who is a
crony or the public does not know and trust, this is not much of anything. it is a disaster in the making. john: i think this is a disaster in the making in my judgment and many others across both parties. i think he should've recognized he was going to go into the business of public service and should have divested and have a blind trust. mark: he was not going to have a blind trust. john: if you divested and liquidated everything -- should have gone the whole way of the reality is right now there is opportunity for corruption in this administration are higher going into it ever than before. i think it is likely to be a highly corrupted administration , and he is going to be sued practically on day one for violating the emoluments clause of the constitution. mark: donald trump has also banned lobbyists from serving in the administration. he is going to create a five year lobbying ban and a lifetime ban on advising foreign governments. he has also floated the idea of a government wide hiring freeze. how do swamp draining advocates
view these moves and will they make a difference? john: i do not know about the swamp draining advocates thing, but i know i think -- i think all of the lobbying stuff -- mark: are you pro-drain? john: i am pro-drain and anti-lobbyist. i think it is bad for democracy. there is a perfectly good -- we have term limits that work well. we should fix campaign-finance reform, but i am not for that and i don't think it will pass. mark: i think it is a juicing. people say -- from skeptics, i have been asking if it is pure symbolism or does he believe? donald trump has used lobbyist very effectively. it is going to be interesting to see. in the obama white house and clinton white house, they both
had limits on lobbyists and allowed exceptions. they granted exceptions. it will be interesting to see if trump starts to have exceptions because you do lose people. lobbying is protected by the first amendment. john: i agree with you, but it doesn't mean you have to work in government. mark: donald trump would have trouble recruiting into government. dana powell, an incredibly respected former bush administration official. one of the best hires he has made. she went in. mattis -- he has gotten good people to agree to work in his government. i think these kind of restrictions sometimes deter that, but in this case he is getting good people. these small term limits will never pass. i am less against it then you , but i am against it.
i think the evidence will be quick and coming. by the end of the first year we will be able to look around washington and think if this has really made a difference and moving the government less toward special interest. president trump: we will no longer accept politicians who are all talk and no action constantly complaining, but never doing anything about it. [applause] president trump: the time for nd talk -- empty talk is over. now arrives the hour of action. [applause] president trump: do not allow anyone to tell you that it cannot be done. no challenge can match the heart and fight and spirit of america. we will not fail. our country will thrive and prosper again. ♪
♪ >> here to talk about what to expect for the supreme court is bloomberg supreme court ace report, greg stuart. going to get something from trump in the next couple weeks. is there a short list? he had a long list during the campaign. is there now a short list, and who is on it? greg: there is a short list. he and his aides have said it is four, or five, or six people. we are not sure who is on it. we can be sure that bill pryor and diane sykes, two judges he mentioned during the campaign, are on the list. there are also a handful of other people that meet the criteria and would make many people who back donald trump very happy. mark: this was one of the things trump did that was concrete and
unusual to reassure people on the right. what is the range if you took them from most conservative to most moderate? is there a range? are they mostly in the same center right justice roberts tradition or scalia tradition? greg: i think it is varying shades of quite conservative. most of these people will be to the right of john roberts. it would be a disappointment to many people, many conservatives, if he nominated another john roberts. what you hear conservative advocates say -- these are the people he is listening to -- or talking to, they say they want to make sure the nominee has the courage of his or her conviction unlike what john roberts did in the obamacare case. we are going to get someone very conservative. john: mitch mcconnell and senate republicans thwarted barack obama's desire to put merrick
garland -- a centralist on the supreme court last year -- it upset democrats mightily. now, we have chuck schumer saying we might never give you a hearing or confirm the supreme court justice. mitch mcconnell firing back on that. this is going to be a big fight, right? the battle lines are drawn, and we do not have a nominee yet. greg: it will be a big fight. the big difference is mitch mcconnell has the majority in the senate and chuck schumer doesn't. there is a chance the democrats will filibuster the nominee, and there is an equally excellent chance the republicans will do what they call the nuclear option and eliminate the filibuster so they can, with a simple majority vote, get their person on the supreme court. part of the reason is we are not just talking about this
nomination. it is likely donald trump will have at least one more while he is president, and so republicans want to make sure they can get that person on as well. >> american intelligence officials have "high confidence" that russian president vladimir putin was the driving force behind the campaign to interfere in the 2016 presidential election to discredit hillary clinton and undermine confidence in the american democratic system. those findings plus long held concerns on russian ties to trump world has triggered bipartisan calls for hearings on russian hacking on capitol hill. meanwhile, president-elect trump continues to take a friendly posture toward russia and the president. our team caught up with one expert. we asked him to reflect on his interview with the russian president vladimir putin last september. >> i think the really interest
in question is who did putin deep down really want to win. i think he wanted trump to win from the perspective showing that he had influence and was able to do things with his guy, or at least part of it on the international stage would've been happier with hillary. putin generally always wants to be who will be the surprise and as we have already seen, trump is the one that could be the surprise her. -- surpriser. you do not want to be outflanked as the most exciting man in the party. putin was to be seen as less predictable than other people. if you have someone who is less predictable, that can cause some problems. i think the ideal solution for putin was a weak hillary presidency. you now look at all of the publicity and all the things he has gained from what has happened. putin now stands as a very bigil figure in american policy and that really matters a lot to him . it is rather astounding if you look back on it.
he was a kind of joke figure three or four years ago and now he is back in the front rank in the world's most powerful nation . the nation seems to be keen on having a friendlier relation and european countries are making the same noise. he is back in the ranks again , and that makes a difference. >> obama was very dismissive about putin, pointing out that he was running russia's economy badly and that russia was a second-rate power. and that is true, but what putin has shown is it his possible to do -- it is possible to do a lot in the second rank league, but trump has built him up. these help putin away from home , because suddenly he is seen as a man to be reckoned with in the middle east. a man to be talked to in different places and that he likes. also, at home, the idea of putin
as a czar is a cliche way to look at it. it makes him think that putin is smarter than trump because he will outwit him every stage of the game. president trump: as far as the hacking, i think it was russia, but i think we also get hacked by other countries and other people. >> i don't think we will never what putinever know did to the american democratic process. it has suited donald trump to point out that putin has been running rings around obama in different areas. now, he will be the president. now when they look in the middle east, you are the president what you're going to do about it? if it looks russia is running that, that will challenge the trump authority. if it looks as if russia is doing cyber warfare on america,
that is challenging donald trump's authority. if he pushes trump on the baltics -- at the moment, some people around trump talk about them being the suburbs of st. petersburg. these are the members of nato. president trump: what truly matters is not what party controls our government, but rather is our government is controlled by the people. january 20, 2017 will be remembered as the day the people became the rulers of this nation again. [applause and cheering] president trump: the forgotten men and women of our country will be forgotten no longer. [applause and cheering] president trump: everyone is listening to you now. you came by the tens of millions