President Trump Remarks at National Association of Realtors CSPAN May 18, 2019 5:52am-7:01am EDT
is available as a hardcover or e-book. "washington journal" mugs are available at c-span's new online store. see all of the c-span products. trump spoke about trade policy yesterday at a realtors conference in washington, d.c. a deal to remove tariffs from steel and aluminum from canada and mexico and trade with china. this is just over one hour.
>> good afternoon. what a crowd. give yourself a round of applause. it is a privilege to serve as your 2019 president of the national association of realtors. [applause] i want to thank you again for being here at the realtor's legislative meeting and trade expo. i am so proud of the thousands of realtors this week who travel to our nations capital to share our story with legislators and policymakers about the many ways that realtors can help build vibrant communities that are accessible to all.
with our nation's chief .xecutive a longtime real estate , knowser, donald trump how real estate drives economy growth, great jobs, and benefits the country as a whole. ladies and gentlemen, please give a warm welcome to the 45th president of the united states of america, donald j. trump. ♪ [applause]
"usa"]chanting pres. trump: well, thank you very much. i feel like home. realtors. realtors. great business. we love that business. i love that business. every time i go down in this incredible beast, you know what the beast is? the world's most expensive car. it's really not a car; it's an army tank that rides better. i am always looking at the real estate. i will never get it out of my blood. it is in our blood, right? sit down if you want. sit down. you know, i tell you to sit down because otherwise they'll say he got no standing ovations. something otherwise they will say you got notes sending
ovations. you got no standing ovations because they never set down. john, that it's a record. they have people here. they have people in all the ballrooms all over this beautiful hotel. and they have people outside, in closed circuits. somehow you people know real estate, so you know you have the best location, right? but i'm honored to be here with the hardworking men and women who help millions of families live the american dream. that is so true. the incredible members of the national association of realtors, a name i know very well. i want to thank my friend. he was my friend, my competitor for a while, but he was still my friend, secretary ben carson for his tremendous leadership. where are you? [applause] stand up. he's a great guy.
when i put him in charge of hud, first of all, he's a very smart guy, very adaptable. i said, ben, what do you know about real estate? not much. how would you like to head hud? [laughter] and you know what? within a, it didn't take you long, did it, ben? and he got some of the smartest people in the business, and they're doing a great job. and everybody is talking about it. thank you, ben. great job. and i also want to thank the president of the national association of realtors, john smaby. where is he? where is he? hi, john. please, stand up. thank you, john. great job. thank you, john. popular. where is ceo bob goldberg? bob. thank you, bob. respected guys. vice president tracy kasper. vice president. i just met tracy. great family.
thank you, tracy, and your entire team for everything that you do to support realtors around the country. i guess that includes me. i took a little sabbatical for 8 years. [cheering] you know, but i miss you. but i miss you. but we got you one hell of a tax cut, didn't we? didn't we do it? and the regulation cut may be more important. you know, we did regulation cutting, where you couldn't build jobs, you couldn't build anything. you'd have a puddle on your land and they considered it to be one the great lakes of the world. it's true. you'd have a puddle, and if it formed more than twice a year, a puddle. we used to call it a puddle. they called it a lake. it came in lake restriction. i actually had it happen to me in bedford, new york.
i was building a development. i was going to build some really luxury, beautiful houses. they may be screwing up new york, we have to be careful. the taxes are going high. they are doing a mansion tax. that is not good. i just heard about that one. the environmental stuff was very tough. it was getting worse. i had a beautiful piece of land, 200 xt acres. i was going to do something with it but then i decided to do this. i could help more people. tracy, they had some land where some water would form after rain and i found i could not build on the land. i can't build on the land because it was considered a lake
for all intents and purposes. how did people find out about the lake? them.sultant told you have to use your environmental consultant. pay them more money. i fired his [bleep] so fast, it is a true story. true story. i would see them up in albany --what are you doing there? they made it more difficult so you had to hire more people. we are getting rid of the regulations. i have had some great business leaders talking to me. if they had their choice -- we had the biggest tax cut in the history of our country and we got rid of the individual mandate which is by far the biggest problem with obamacare, the individual mandate. where you paid a lot of money to pay arivilege not
lot of money for health care. how about that when? -- how about that one? to have a fortune not it and we got rid of it. i think regulations frankly may be a bigger reason for our tremendous success as a country in the last two and half years. maybe even bigger than the tax cuts. i just left louisiana. [cheering] then you know what we are talking about. building a tremendous lng billion, refiner, $10 one of the biggest in the world. it must be a mile-long. it is a building but it is all pipes inside.
if you look over the last 40,000 have not built many refineries and now we have a lot of great ones going up in great locations. thought we would never see a refinery built but we worked with the epa. in the processre of getting permits for many years. and we help them. and we got them very quickly. and they have invested tremendous amounts of money -- sold out for 20 years. no difference then an office building. you sign a lease and you get your financing. these people, they sign with countries and they get their financing but i think it is bigger and better if you want to know the truth. .nd a lot of people are working we did that and many of them. we built -- we did the big pipelines, the keystone xl
they have been charging us extremely high tariffs. as much as 285% or more for our agricultural products which is barrier. -- absolute farmers barrier to our being able to do business with them. to our farmers being able to sell product there. it will be a fantastic deal for our country and hopefully congress will approve of it quickly. and then we can make the economy even more successful then it already is, if that is possible and it is possible. we could have the greatest economy in the history of our country. if you look at the unemployment numbers, the best in's 1969. period, very short
assuming we go just a little bit further, it will be the best in history. the unemployment numbers are numberst the employment are even better. we have the most people working. people are those going to go out and purchase a house. pay youracy? 6%, tracy i won't. i will pay you 1%. i got it down to 4% or 5%. i had one case in palm beach, a $100 million house.
jobbroker did a fantastic but i told the broker, i am paying you more than you are supposed to get. billion -- for 39 $39 billion. i sold it for $100 billion. i had to paint it a little bit inside. a little fixup. i called it a turnaround. i had the beautiful house and mar-a-lago. this one came on the market through a very sad situation where the owner had a tremendous problem. i got it and ind flipped it but i had a great broker. i paid -- i actually had to brokers. i made them a deal and i paid them more. i have also done it the other way where i am not so happy. i won't talk about that today.
we will save that for another time. really, there is nothing like a great broker. not different from a great surgeon. it is true. you are realtors and builders. you rent and you lease. honestly, i have seen cases where you give it to the wrong dieon and you just sit and with it and then the right person comes along and it is like genius. and you have to remember those people. those are great people. and you have to report -- and you have to reward them properly. you are really, truly fantastically talented people. there are some probably in this room that don't have such great talent. you know who i am and you know who they are. there are some tremendously talented people in this room. i know the business well. here that can do
a job that few people can do. and if you went into another business, you would do well with that too but there is something about the real estate world -- it is incredible and it is in your blood. even as president, i ride down those streets and say -- wow, is that place nice. wait a minute, i have to deal with china. forget about this stuff. [laughter] we i love your business and are here today because realtors play a special role in the american economy. is the largest business in this country when you add it all up. you add up all the family firms and the single-family homebuilders. and it is the up biggest business. it is bigger than oil and gas. which is big. bigger than anything.
as a group, you are a tremendously a business and a powerful business when a young family needs room to grow, when a new job sparks a new adventure in a brand-new beautiful city, when parents want to find the right neighborhood and schools for their children, it americans put our trust in you, our great realtors. that is true. i will just tell you one little thing. havehat business do you where you are selling your home, your home is very important to you. you may not sell it. you may only sell it if you get the right price and you leave the key under the mat so the theyr can take in anybody
want. how many people trust people? you would only allow a great realtor to do that. applause]and i have a speech and i have great speechwriters but they don't know this kind of stuff. off-the-cuffis all but they do not know what i know and they don't know what you know because they write speeches. our economy is great. you have heard that before. they do not know these kinds of little things. those are the little things that make you great. home is where the hearts are. a home foricans find those that you love the most. i want to thank all of you.
of extraordinary opportunity for our country. i think our country is doing better than it ever has before as a country and i think it will get better. we are the envy of the world. -- there has truly never been a better time in my opinion to build and break ground in america. jobs are so good and so many positive things are happening. we have added nearly 6 million -- sincee my elections my collection including more than 120 house and realtor jobs. 120,000 more people that we have to compete with. what do we need that for? we have also gained more than 650,000 more construction jobs. you know and if you remember when i first came here and if you remember three years ago or
four years ago or five, it was not so good but right now, america really is, once again, a nation of builders. we're building again. more than 5 million americans have been lifted off food stamps, and we're getting americans off of welfare and back into the workforce. that is a great thing. that is a great thing. 5 million people off of food stamps. first of all, it is a tragedy. theynow what that cost -- are off and working and paying taxes. food stamps are very expensive. and very importantly, women filled more than 60% of all of the new jobs created over the past year. 60%.
so i think the men should sue the women for discrimination. they should sue. get a great lawyer. and after years of stagnation, wages are rising fast, with the quickest growth for blue-collar workers. 60% past year food stamps new jobs the best statistic of all, and people don't know. everyone is doing great. the rich are doing great. the not-so-rich are doing great. the middle income is doing the best. but the best of all, the
blue-collar worker has the biggest percentage increase of anybody. and that's beautiful. and these things didn't just happen by accident. blue-collar worker middle income -- they happened because we are taking out this power out of washington, these bad people, and returning it to the american people, where it belongs. just think about comey and these characters. think about comey and the gang. drain the swamp. drain the swamp. comey, brennan, clapper, we're draining the swamp, folks. and you think it's easy? it's not easy. it's not easy, but we're doing it. we're getting rid of a lot bad ones. at the heart of america's revival are the massive tax cuts that i signed into law a year ago. and they are like rocket fuel for america's economy. the typical family of four earning $75,000 is now saving more than $2,000 on their income taxes, money they can put toward anything they want to put it, including save it. many small business owners are here today. you can now deduct up to 20% of their business income, one of the most significant small business tax cuts in american history.
[cheering and applause] thank you. it's so good that you see that because a lot of people, you know, they're all getting these tremendous tax cuts, and a lot of people don't know they are getting them and sometimes they're taken out by the business. they are getting checks. haveeople, many of you your own businesses. the kind ofseeing money that you're making. much more money. and you're investing much more money. but it's great that when you see it, you know, you're very entrepreneurial people; real estate people are. if you're not, you're in deep trouble. if you're not, you don't want to be in this room very long because you won't last. but it's pretty amazing. and the other thing that's amazing is one-year expensing. how about that? i mean, one-year expensing, i
think, is one of the biggest things. and nobody talks about it, but really it is tremendous. and nobody thought we'd ever see the day when you get that. but it spurs growth, and it's been fantastic. and we've also done something that, for this room, and for farmers, and for ranchers, and for, you know, small businesses, fairly big businesses, actually, we've virtually eliminated the very unfair estate tax, also known as the death tax. so, so, if you want to leave your real estate company to your child or your children, they like real estate, they have an aptitude, and you love them, and they love you; otherwise don't do it. to hell with them. [laughter] i've seen parents that are so badly treated by their kids. and the parent comes to me, oh, i love my child. and i'm saying to myself, man, that child treats them badly. so i would tell him, you know, your child is not a good child. don't leave him anything. but for those of you in the room, and i would say that includes probably 90%, i'd say there's 10%, who does not love your child or children?
anybody want to raise your hand? no, i can't believe that guy raised his hand. i'm not going to ask your name. i'm not going to get you. but what we have now is you don't have to pay any estate taxes. you know what that is? that's a big deal. because a lot of times, and it happened with the farmers, where in some cases, they're land rich, but not income rich, but the farm has been in the family for 150 years, and they love it, and they do well, and that's what they do, and they love it. they wouldn't want to do anything else. and they die and it would taxed on the value of the land, and all sorts of things happened. then they go to the banks and they borrow money. and then they have a little down spell and they end up losing the farm, losing the business. you have no tax to pay anymore. and nobody talks about it, but to me that's a big thing. that's a big thing.
and thanks to the opportunity zones, where ben carson has been working so hard, right?, made possible by tax reform, we're making enormous investments in distressed communities. tremendous. i will tell you this, and, ben, i think you can agree with me. he has to agree. by the way, if he doesn't, he will tell me. i guarantee. he'll stand up and say, sir, i disagree with you there. it's amazing the way it's worked out. do you agree? i had no idea. tim scott was very much involved. and we did it. and, you know, i've been hearing about these things for 40 years. oh, we're going to do this; we're going to do that. nothing works. these things have become tremendously successful. tremendously successful in areas where money was never invested. very, very big, powerful, rich people are spending tremendous amounts of money. they have certain tax advantages, but we've got them to open their wallets, and the jobs that are being created in neighborhoods where people
wouldn't go before. the opportunity zones, and it's starting to be seen, and it's starting to be written about, it's a great achievement for tim scott. it's a great achievement for ben carson. it's really a, some of the people that those, the early people, ben, that worked. who else would you say, ben? four or five people that really were in the front, the forefront. but you two, i'd say, in particular. i'm going to get myself in trouble with the other three, but i'm not going to bother because you people don't care who the hell they are. but they know they did a good job. right, ben? they know they did a good job. so we're honored to be joined today by one of the patriots leading the charge on opportunity zone development. a fantastic man. a fantastic football player, by the way, for those of you that remember. he's still young. a longtime member of the association, bob turner. bob, come on up.
let us know. come on, bob. let us have a little information, please. how are you, bob? >> thank you, mr. president. what an honor to be here today. thank you so much for this great economy. when you were elected in memphis, a cloud lifted off of memphis and it took off. zones areportunity creating so many opportunities for everyone across this country. millington, to tennessee a couple of years ago. about a mile from where you landed, we own 47 acres that are in the opportunity zone. we're developing 247 units of apartments, and we're building 71 single-family home lots on
this 47 acres. we will create about $40 million of economic development in millington, tennessee. millington has not seen any new developments for over 10 years. no no apartments. very few houses, and it's home of the naval air station, naval base, with your fine patriots. and it's going to make a change in that town. we're also developing a large development in memphis. it's 1,500 apartments, a hotel, and about 3,500 square-foot of -- square-foot of retail space 35,000 that will create about $400 million in economic development. it's not in an opportunity zone, but it's creating a tremendous amount of jobs in memphis.
>> great. great place. >> yep. so, as realtors across this country, we've been talking about this all this week, and i've told them they are the catalyst for this opportunity zone with mr. carson and president trump. and without it, we would not be able to revitalize these communities that need help. i had the opportunity to come to the white house and represent our realtors in your economic summit for the opportunity zone, and i thought it was all about real estate. but it's about workforce, it's about housing, it's about every kind of economic development you can do in these zones. and it's really going to make a difference. as you said, the money is flowing. the day that you all released those rules, the faucet turned on. there is hundreds of millions of dollars looking for a place to invest in your communities. and this group here, mr. president, is in the center of it.
[cheering] bob: our realtors are going to create this situation in every city and town across the country and be the catalyst for building these opportunity zones out to put people to work and put people in homes, and revitalize our nation. and we, on behalf of the realtors, we want to thank you. pres. trump: thank you very bob: and i want to say one more thing. thank you, mr. president, for making america great again. pres. trump: thank you, bob. [cheering and applause] pres. trump: wow. that's from the heart. no notes, no nothing.
that's from the heart. and i have to tell you, a man who just, well, i introduced him, but i'm going to ask him to take a little bit of a stand, your president, because, john smaby, you really wanted trump. and look how you turned out. right? stand up, john. will you, please? he wanted, he wanted trump. he wanted trump. thank you. thank you, john. great job, john. so as our economy booms like never before, we're lifting millions of our citizens from welfare to work, dependence to independence, and poverty to prosperity. but as everyone in this business knows, nothing kills economic growth faster than government bureaucrats, regulation. with all that power and not enough common sense, lots of bad things can happen quickly. and that's why we're waging a historic deregulation campaign that especially affects the real estate business. and that's liberating our
citizens from bureaucracy and freeing our economy to soar higher than ever. and it can continue to go up. to see the disastrous results of over-regulation, you take a look at what's going on in california. housing costs are among the highest in the country. development restrictions make it sometimes impossible to build. what they do, i mean, years and years of turmoil. i have one job, it's called the coastal commission. oh, they're fun to deal with. if you're really good, you'll have your permits within 20 years, or not have them within 20 years. we vote no. wait a minute, we've been looking at these things for 20 years. we vote no. how about that? how about when you're looking at a permit, you've devoted millions and millions of dollars, and you go into that hearing, after years, and you have no idea if they're going to vote yes or no?
and oftentimes, they vote no. so we're trying to end that. state and local regulations can easily add $200,000 to the price of a single home. and it's no surprise that in california, and i don't want to single them out, but they have a train going up now, you know, this fast train? you heard about this disaster? i mean, you people know how to build on time, on budget, preferably ahead of time and under budget, right? this is a train that's not working out so well. it's a fast train, but not a bullet train. so it's not that fast. and it was going to go from san francisco to los angeles. and then, a thing called cost overruns happened. and many of you know about it, well, it's in the thing today because i said, we're not paying any more money for it. california has lost control. and it's an incredible thing. los angeles san francisco california train thats fast
-- it's got to be a straight run. and they build a section, and then they build another section way away, and then another section. and then they want to hook it up; it doesn't work. you can't hook it up. you can't. [laughter] doesn't hook. it's a little crooked. the train doesn't go good that way. so they say, let's rip the sucker down; we'll start all over again. this is like a catastrophe. it'll, like hundreds of millions over budget. totally out of control. and we told them we're not going to do it. i mean, we're not going to, it's been under construction forever. so think of this, think of this, it was going from san francisco to los angeles. now, the price had to be very, very high, much more expensive than southwest airlines, which goes in one-third the time. so i said, what a minute, what are they doing?
you got an airline that goes from san francisco to los angeles much faster, and it's less money. so how does this work? and again, it's not that really fast train; it's just a fast train. meaning, it's slow. meaning, meaning, it's obsolete, right? you know, it's obsolete before, if you're going to do it, you do the bullet train. you do the really fast deal. so it's obsolete before they start. but they had a way of doing it. they were going to show me, the governor, a nice guy. a nice, young guy. talking about forests, clean up your forests; you won't have forest fires. clean them up. he blames it on global warming. i said, no, try cleaning the floor of the forest a little bit so you don't have 4 feet of leaves and broken trees that have sit there for 25 years. try cleaning the floor of the forest. you won't have forest fires.
and i got killed for that. it's called forest management. i got killed for that. and then, about three weeks later, they announced i was right. because i was out there last year and what i saw was so horrific with some of the fires, so many people killed. the fire was, you talk about bullets, the fire was like a bullet. so, on the train, they have a solution. the solution was, we'll make it shorter. so instead of going from san francisco to los angeles, beautiful; right in the middle, they cut all of that out. they cut all, and now you go from this tiny little town to another tiny little town. for billions of dollars. and they think they can do it for just billions of dollars more than the original projection. these people are crazy. so i told the great elaine chao,
secretary of transportation, doing a fantastic job, i said, elaine, it's over for them. this has been going on for many, it was long before i got there. i would have told them, i would have said, listen, if an airplane is much faster, what are we doing? no, what are we doing? and i also would have done the super-modern thing, and we would have had it built on time and we would have had it built on budget. and it just didn't work out that way. it's a mess. and we're not paying any more money into that one. that's a disaster if you've ever seen it. make it shorter. how do you like that? john, is that a good idea? cut the big cities out. a little too much, too expensive. let's make it, like, real short. you'll have 3 people on it a day. so we're reversing years of calamitous trade policies that gutted the american middle class. nearly two decades ago, politicians in washington placed china into the wto, the world trade organization, one of the
great catastrophes in the history of our country as far as trade is concerned, between that and nafta, you had two real beauties, allowing it to largely do whatever they want to do to the american marketplace. during that time, we lost nearly one in four manufacturing jobs and racked up trillions and trillions of dollars in trade deficits. but those days are now over, folks. and we're taking action. and you see what's happeni don't have to talk about it. but it's expensive for them and it's going to have to be.
it's going to have to be. we actually had a deal and they broke it. ok? i mean, i'm used to that. i've done it many times myself. but we had a deal and they broke it. but i tried to do it a little bit nicer. then i try and take the lumps out, you know? try nice and easy. just, let's have dinner. let's talk about it. i want to re-trade you. let's talk about it. but they took out a lot of the things that we negotiated that were done, and i said, can't do that. sorry, you can't do that. you've been doing that too long to our poor presidents that had no clue what was happening. and you can't do that. so we're putting tariffs, we have 25% tariffs on $250 billion. and they're paying it. and believe me, you know, so many people say our people pay. they'll pay a little bit. but it's worth it. it's really worth it. but, you know, china subsidizes these big plants so it's not really coming. and they keep the price the same and they subsidize it. and also, you take a look at what's happening, if we build here, there are no tariffs. you know, people don't realize
that. if we build here, you know, right now we're, you become dependent on buying things from outside. if we put a little factory or whatever, to make whatever product they're buying, and a lot of people are now looking at it. and the other alternative, you buy from another country where they're not tariffed, where they're treating us more fairly and we don't tariff them. so it's hundreds of billions of dollars. and out of that, we're going to give a portion of it to our farmers, because these are great patriots. these are people that don't want anything. they just want a fair playing surface. and our farmers are doing, going to do really well. i mean, they're doing well, but they're going to do really well. between that and the usmca, our farmers are going to be very happy, very shortly. but you're talking about maybe $15 billion to our farmers, out of $125 billion. and they're really, you have to understand, they've taken the brunt because china, to negotiate with us, said, well,
we're not going to buy any of your farm products. so i called sonny perdue, our great secretary of agriculture, and i said, sonny, i said, sonny, what's the biggest amount they've ever spent in this country? he said, about $15 billion. people could say 18, 19. but basically $15 billion. and i said, so let's take $15 billion, set it aside out of the 100 or 125 billion, whatever it may be, and what we'll do is, the farmers will sell at a lower price because of competition. and what we do is we make up the difference. we have a little bit of a difference. we make up the difference. so they do great; we do incredibly great. but you have to understand, they use the farmer because the farmers were all for trump. and the farms, what people don't realize, you go back 18 years; the farms have been going like this. been going steady. it's not just, you know, i'm here two and a half years. but you can go back 18 years, and you see what's happened. how has it worked out? nafta has been bad for the farmers. a lot of people don't realize it. they get stuck on it, out of habit. but we're taking care of our farmers, and everybody is happy about it.
i've never heard a complaint, literally. but these are patriots. i watched some people on television today, because some of them don't even know what i just told you. they said, yeah, we're hurting, but i know that china is doing terrible things to us for many, many years. and we want our president to fix it, and this is the only president that's had the courage or the guts to fix it. and we're behind our president all the way. that's the farmers say that. that's the farmers. that's the farmers. farmers are incredible. i don't know, they may even be better than the realtors, as far as i'm concerned. i will tell you a quick story about the farmers. i recently had 22 of them in my office. and theytting there are explaining how they are not doing the business with china.
or canada and mexico. i said to them, how are we doing? and they said, we are not doing well. i told him i would try to get a subsidy. they said they did not want a subsidy or a handout. i said, you have to be kidding -- you are the only group that ever said that to me. countries come in and want help. everyone wants help and want free. what do you mean? we don't want that. he said my family has been here for 152 years or something and he said, we just want a fair playing field. it is not what that's it is not fair what they have done to us. with all of the things that happens. and then china, every time they want to negotiate with the united states, they stop
purchasing farm products. and china is massive. lot and buy or sell a they use the farmers to negotiate especially with me because they know i love the farmers. and they know the farmers, the whole middle thing is beautiful red. they use them. but i thought it was incredible -- they said, we do not want a subsidy, sir. we just want a level playing field. let us do what we do better than anyone in the world. and everyone in the room agreed with that. not a real estate story but i found it to be pretty amazing. i am on the other side all the time. every day, people come in and want something. countries want military protection. really? wealthy countries. are you going to pay for it? those days are over also, folks.
those days are over. trade ifost as bad as you want to know the truth but we are getting it fixed up. after years of building up other countries, we are finally building our country. and i have directed federal agencies, thank you -- [cheering and applause] thank you. "usa"]ng man, you are smart people. seriously, aren't we tired of being ripped off? i tell people about nato. nato is fine. spend $100hem to billion. we were essentially paying for
most of nato. and that is not nearly enough. but the european union treats us . would say worse then china they are just smaller. can you believe it? they have trade barriers. they send mercedes-benz here like they are bookies. they send bmws here, we hardly tax them at all, john. we hardly tax them at all. you want to send our cars over there? forget it. you want to send our agricultural products over there are smart oh, i'm sorry we have our own farmers. medical equipment is big business. believe it or not. we make the best in the world. they changed the standard so our equipment does not qualify. they did not make a higher standard but just a different
equipment nour longer qualifies. it is a very unfair thing. we protect them. we spent hundreds of billions of dollars protecting them. and then they take advantage of us on trade. it is not fair. we lost $180 billion with the european union. and we all love europe. we love your. they have to be careful, europe but we all love europe but it is not fair the way they treat -- treat us. i have directed federal agencies to drastically accelerate the approval process for new roads and bridges so our families can get where they want to go safely and our economy to keep running full speed ahead. i mean, highways that were taking 21 years to get an approval -- there is a highway in a state not too far away that took 20 years to get it approved . they had an opening recently,
not a big road, less than a highway. by the time it ended up it was 20 years late. ofy spent tens of millions dollars on environmental impact statements. the road was a dead, straight road. dead straight. if you had a rough night you could go straight. now, it is a road that goes this way. nesting, different things nesting. who the hell knows what is twice as- the road is long and curving like hell and unless you are 100% sharp, you are in deep trouble. they have these barriers. my father and i would've built that thing for nothing. for nothing. and it cost i mean hundreds of millions of dollars. and years. and you look at the environmental impact statements. i brought one to one speech and
it was this high and there were three other sections. just nonsense. total nonsense. we are trying to get it down -- it takes 17 or 18 years to get a highway approved. we are trying to get it down to one. we have it down to two. we think we can get it down to one. and we are getting rid of the quadruples. need 10e some where you agencies to uproot the exact same thing. getare doing well, you carson to approve it and others and then you have one agency you cannot get. that is the end of the project. and i thinkifying we have done a great job on that and we have it down to a much lower number. and it may get rejected. if it is not environmentally good, it will be rejected quickly but at least you know. we have done a good job with that. are beingot of jobs
created and people are doing things they never thought they could do before. we freed local lenders from the heavy-handed regulations. you know what was going on there. now, we are crushing community banks and threatening the housing market. icahontas had an agency -- mean, she was a disaster. she enjoyed destroying these local lenders. i mean, i think she got pleasure out of destroying beautiful local lenders who have been lending tear clients and probably yourselves for years and they were going out of business and living in fear. pocahontas. another beauty. she is doing really well so far, isn't she? her -- her and her beer commercial. kid --did you see the way she got the kid?
whether she wanted the child brought in front of her. boy, that kid moved quickly. she got that she has a lot of pent-up anger. she is an angry person. very tough on people. we have that running beautifully now and they are loaning and they are nice people. nice people again. by some estimates, under the previous administration, cfpb regulations cost credit unions a stunning $6 billion. that is what we are talking about, that was her baby. the man in charge is that is running in the great state of job and mike did a good i did a good job and we fought. your current governor came from behind. he was down by six or seven points with a couple of days left. we made a rally like you would not believe in the great state of ohio and he ended up winning
by six or seven points and that was a great day for ohio. we love ohio. a great day. last year, we rolled back the dodd-frank regulations that were crippling local banks, leaving -- that millions of small business owners and homeowners rely on. i did not know this was a banking convention. i thought this was a real estate convention. what you know, you know what was happening to bankers, right? crusheders were being and they are being threatened. and these are people that are phenomenal. they were being destroyed. are oncel lenders again thriving. free to invest in our communities and help more families enjoy the experience and pride of homeownership. the press does not give me credit for anything, no matter what i do.
who cares. the people know. that is why i have to go through go withent source and our social media stuff which is quite powerful. but they are very dishonest. right now, we are dealing with iran. out so many false messages that iran is totally confused. that might be a good thing. they put out fake news. they put out messages. that i am angry with my people. i am not angry. i make my own decisions. i am worse than they are. they are worse than me. they are more militant. mike pompeo is doing a great job. but they make it sound like it is a conflict. the good news -- i was thinking today, what must our adversaries think question mark and then i thought it is probably a good thing because they are saying --
man, i don't know where these people are coming from. they put out false news. they say -- confidential sources. have you noticed that they don't write the names of people anymore. --y say -- the source says that person is not alive. [bleep].l applause]d people who were at that likeng -- meeting at seven. three people confirm this or that happened. there were no three people. they make it out. these are bad people. that is why i came up with the term "fake news."
it is a good term. it is a hoax. my administration is also committed to reforming our housing finance system. more than a decade after the financial crisis, fannie mae and freddie mac are still in conservatorship. fannie and freddie still dominate the market with no real competition from the private sector. and the taxpayers are still on the hook should another crisis happened. this is a pretty urgent problem. we are doing well with it now is it is great -- and it well managed but it is a big problem. a problem that other than government should be working. we have many geniuses looking at it and we'll figure something out but fannie and fred a could be doing better than they are doing. that is why i recently directed the department of treasury and hud to development a framework
for a modern housing finance system. are you working on that, ben? i know you have some incredible talent from wall street coming in. i want to get people to do this. and one that welcomes the private sector, competition, and preservesyers homeownership for future generations to come. so, we will be working closely with congress to pass these critical reforms and we will consider taking other administrative actions to modernize our housing programs and to ensure more affordable housing to get rid of ridiculous regulations so you can build and build quickly and build beautifully. actually, you will put more money into the house because in that of spending it on ridiculous paperwork, you can purchase better lumber, better
flooring, better windows. and just as we believe that every american should have the chance to own a home, if they work hard and follow the rules, we also believe every american has the right to choose their own health care. that includes our newly created association health plans that a lot of you are using. quickly come up with us today is teresa beth mcgee, chief executive officer of nevada. nevada realtors. come on up, teresa. [applause] please. thank you, mr. president trump. such an honor to have you. work withou for your
the department of labor. statewide we have association health plans offered for our members in nevada and las vegas. we currently cover over a thousand lives. in the few months that we have had this open. 27% of those people were uninsured before our plan. for those that were injured, 150 are saving on average --- $150-$300 a month. an estimated $2 million in nevada this year and that money goes right back into their businesses and into their communities helping our economy. i have one member who could not afford to ensure his family. he let his health lapse needing urgent hip and back surgery.
when he was able to get the support of full coverage care in , in hise was able to words, get back on track, either breadwinner for his family again, and make himself great again. [applause] another really critical part of the association health plan is what it has done to our world communities. before these health plans, our rural communities had one choice, one product, and one plan. health our hometown plan, they have offered multiple our ruralchoices to citizens. met at the white house with the department of labor because the association health plans are under attack.
we are working with private labor to ensure that this critical need for our realtors is allowed to continue. it is critically important to our realtors to have choices, to fully afford full coverage health plans. thank you again, mr. president. it is a great honor. [applause] teresa.ump: thank you, that is a great state also. and it is under attack. these help plans are. they want to give the public deal going and it is a shame. they are fighting it so hard but we are going to win. a tremendous amount of firms is being saved but it is also providing great health care like you have not had before. we also have to protect the 180 billion people with private health care. we have an election coming up that is going to be very
important for you people because they want to take it away and bring your taxes up to 80% or 90%. they started a couple of months ago at 70%. be very careful. we will always be defending america's rights to have low-cost, high-quality hair care -- health care of your choice. sadly, when you look at what is going on with washington, you see a lot of positives but there are also people fighting very hard -- they have 25 people ofning for the office president and some of these people are stone, cold crazy. they are promoting the biggest socialist takeover in the of the world., when you think this is the united states and they have a $100 trillion green new deal and
nobody knows what the hell it is. they know you cannot take a plane anymore. you have to take a train to hawaii. train to australia. if they cannot build from san francisco to los angeles -- what is going to happen when they say, let us build a train to europe? we will build a faster in. 100 miles an hour. the plane goes six so we have a long trip in a train. this is crazy. but, i do not want to hit it too hard, i want to save it for the election. i don't want them to change. you know -- i don't want them to change. i don't want them to have time to have it. -- to pivot. it will never happen while i am president. you can bet on that. up, you areinish
friends of mine and i know a lot of people in this room. what you do is a part of americana. this is a great thing that you do. you work hard. you love people. you love this land. you love this country. you take care of employees. in some cases, you are employees, and you love the person that takes care of you. but you're very, very special people. i know so much about what you do because i did the same thing. can you believe it now? it's almost three years. can you believe this? who knew this was going to happen? it just shows how smart you are when you can go and do this. and they say, but he doesn't have any experience. but, you know, intelligence is a very, very good substitute sometimes. and i'm gaining a lot of experience very fast. i have a lot of experience.
and i had a lot of experience because i was in your business. and you do everything. you build, you lease, you rent, you negotiate, you deal with foreign people, you deal with people that live right next door, you do everything. you're very smart and you love your business. and i loved being here. and john and everybody, thank you. and ben carson, thank you. and this was great. and go and enjoy your lives and keep building, and we'll keep the economy strong so that you will go on and on and on. have a great time. it's been my great honor. thank you very much, everybody. thank you. ♪
jennifer kavanaugh of the rand corporation. improvingussion about higher education with richard vedder, author of "restoring the promise." ♪ ♪ host: good morning. it is saturday, may 18, 2019. yourgin on the topic of news -- how much news consumption do you think is healthy? is following the news key to citizen or could it be a civic duty to tune out the news? eastern and central time zones, 202-748-8000. mountain or pacific time zones, 202-748-8001. you can also catch