Dave Brat (26:17)
Well, thank you very much. I just said to Mike, this is fantastic. I didn't think we were going to see this coming for a while. Congratulations. This is a very, very important thing. Thank you very much, everybody. This is a very important thing we're going to be discussing. Please sit down. Thank you very much. This is good news indeed. People said it couldn't be done. You got it done. I just have to sign, right? That's very good. This is really something. And it has to do with the California Auto Regulation cra. It's been a disaster for this country. And I want to thank everybody for being here. We officially rescue the US Auto industry from destruction by terminating the California electric vehicle mandate once and for all. Said it couldn't be done, but, boy, it's been. It's had us tied up in knots for years. And they'd pass these crazy rules in California and would be 17 states would go by them. The automakers didn't know what to do because they're really building cars for two countries. When you have 17 states, you're building cars for two countries. And I want to congratulate you all. The Senate, the House, the whole thing. It's incredible. I was going to sign a executive order and give it a shot, but the one good thing with this, number one, it holds up forever. And number two, unless somebody votes it out, they'll never do that. And it's just so much better, huh? So much better. That's so great. Very proud of you. We're joined today by the great speaker of the House. I think he's going to go down as a great speaker of the House, too. I may be wrong. I may be wrong. Who knows? Who the hell knows? I think he is. And he's doing something the only thing I would say is more important than this one. And I'll tell you what, it's almost close. That's how big this is today. But the great big beautiful, I edited the word great. You know, I use the word, the great big beautiful bill. It's going to be one of the, I said it this morning to a group, I think it's the most important, one of the most important pieces of legislation ever, ever signed, ever approved. So it's going to be something very special. Thank you very much, speaker of the House Mike Johnson. Thank you. Secretary Sean Duffy. And they had a problem in India today. And you're on that. Sean's doing a tremendous job. Secretary Chris Wright, everybody said you'd never be able to get him. He's the most talented man, they say, in the oil and gas industry. I'll let you know in about two years if that's true. Well, Doug Burgum, you know, I wanted Doug Burgum to head up energy because he was so successful in North Dakota. It's governor. And he said, sir, there's one person who's much better than me. I said, who? They said, Chris Wright. I said, who the hell is Chris Wright? I had no idea. Now everyone knows Chris Wright. He's going to be more famous than me. But he said there's a guy named Chris Wright and if we could get him, he'd be better than I am, sir. And if you know Doug, Doug's not here, is he? If you knew Doug, he's always working someplace. But if you knew Doug, you'd know that he doesn't say that often and he did. And Chris, you're doing great, but I don't like the oil prices have gone up just a little bit over the last few days. I was going to call and it just really starts screaming at you, are we okay? Nothing wrong. Right? It's going to keep going down a little bit. Right. Because we have inflation under control perfectly. You probably saw the records. Everyone's on television saying what's going on here. Trump has proven to be right. You know, all of these things. We've taken 88 billion in tariffs in two months. 88 billion with no inflation. And if we're smart, there won't be. Now we'd like to get this guy to lower interest rates because, you know, if he doesn't, we have to pay. We have a lot of short term debt. Obama gave it to us originally and Biden carried it on. They like short term. I like long term, cheap debt. But a lot of the debt comes through because Biden, that's what. Well, he didn't do it. I'm sure he didn't know anything about it. But somebody approved short term debt. It's all over the place. And it comes due starting very soon. And if we would lower the interest rates by 1 point, we'd pay about 1 point less. That's $300 billion a year. Can you believe it? 1 point. If he'd lower it by 2 points, we'd pay $600 billion a year less. That's for years. 10 years, 12 years, whatever. We make it. But we can't get this guy to do it. And the fake news is saying, oh, if you fired him, it would be so bad. It would be so bad. I don't know why it would be so bad. But I'm not going to fire him. I just want him to, you know, we call him Too Late, right? Too Late is his Nick. Like Too Tall Jones. He was Too Tall. T o o and I just say this because we want to get rid of inflation and we have, but we're going to be paying more for debt and all he has to do is lower it. Europe's done 10 lowerings, we've done none. And nobody understands it. Actually today when the numbers came out, they were so good. You saw yesterday's numbers, incredible. No inflation. Today's numbers today just came out, same thing. No inflation. They're all shocked. All these guys are watching from business, CNBC and all of these different networks. Maria Bartiromo actually got it right. She's been getting it right for a long time. That one. I hope she's appreciated. And Joe Kiernan has been very good at cnbc, I must tell you. But other people aren't so good. But I will say that they are just. They can't believe what's happening. But if I could, because we can discuss. Oh, we got a lot of press. We got a lot of cameras rolling right now. Not that I like doing it, because I don't. But if we take. If we cut our interest by 1 point for years, we save 300 billion. If we cut it by 2 points, we save because it's pretty equivalent. We're going to save. We're going to spend 600 billion a year. 600 billion. Because of one numbskull that sits here. I don't see enough reason to cut the rates now. And the problem he's got is that. And I explained to him, look, if inflation went up, cut your rates now. There's no inflation. We Got it down, we got prices down, we got guests leaned down and you keep it going down and put gasoline's down, we're drill, you know, it's drill, baby, drill. That's why it's going down. But we all that. But think of it. I said to him, he was in my office a couple of days ago, I said, if you think there's inflation, let's find out. Because I think we're going to keep it down. I think gasoline is going to be so far down. Oil energy is so much. We have so much energy, we don't know what to do with it. But let's say there was inflation in a year from now. Raise your rates. I don't mind. Raise your rates. I'm all for it. I'll be the one to. I'll be calling you. He'll be too late for that too. But raise your rates. You don't have to keep them up here. If it's going to go up, I'm okay with you raising. But it's down and we're going out to financing and I may have to force something. Somebody said, who's the genius that thought of that? I said, it's me. Unlike Biden, I stay awake at night thinking about how to save our country. He was much better at sleeping than me. Could sleep on a beach, he could sleep on a beach with cameras rolling. I can't do that. But I had an idea. I gave it. They said, this is really. We'll go short term for a year, let this guy get out of office. Some guy will come in, cut it a couple of points and we'll save ourselves seven, eight, maybe even $900 billion a year. What is he doing? Why doesn't he lower these rates? And with that we'll get on to the California standard, which is a disaster. Okay, so Chris Wright, you're going to get the numbers down. Thank you very much. Lee Zeldin, one of the most important men in this room. He's the man. I get nervous when I talk to him. He's doing a great job. Nuclear, I say, okay, you can take two weeks for that approval. It used to take 20 years, then they wouldn't approve it. Now I say, Lee, nuclear, I'll give you two weeks for an approval. A coal fired plant, you only get a couple of days and oil and gas will give you a week. Okay, something like that. But he's doing it so fast and we have so many plants being built right now. It's so beautiful to see. And one of the Reasons they're coming here is because we have to produce tremendous, especially the AI. They have to produce beyond believable amounts of electricity. And they're doing. I said to them, I think this was more or less my idea. They didn't have the idea only because they didn't think a thing like this was possible. I said, as you build your plant, you're going to become a utility and you're going to build a separate plant right alongside of it. You're going to build it. You're going to build a plant that produces electricity and you'll produce it through natural gas, coal, nuclear. We don't want to produce it through wind because we don't feel like ruining 50 miles of beautiful plains and beautiful vistas and. But we want to produce. You know, interestingly, China is opening up a coal plant every single week. But now I'm finding out it might be two plants every single week. And, you know, usually that's a good gauge. If they're using coal. I guess we're supposed to use coal. And, you know, we went to a coal standard and not that you have to use coal. You're going to use whatever is best. I want to introduce also Senate Majority Whip John Barrasso, who's a tremendous guy. Doctor. And he is a tremendous guy, tremendously talented doctor. When I have a medical situation for the country, for myself, I haven't used him, but I might have to. Maybe I'll do that. It's serious enough. I think I'd probably do that. But he's tremendously talented, gentleman who happens to be a senator and one that's very respected, Chairwoman Shelley Moore. Capito? And congratulations. I just endorsed your son. Did you know that? I endorsed your son? I endorsed your son who's running in West Virginia. And he's great. In fact, he's all Trump all the time. I think much more so than you, actually. You were his largest impediment. Now, Molakette, he's all Trump all the time, and he's going to win big. And so congratulate him. Okay? He's really been fantastic. So many people have told me. Thank you. And House Majority Leader Steve Scalise, who's a brave man, went through hell. Steve went through hell. And we have a lot of other people here that I won't be able to because they don't have your name down. And I'm looking down, I see people's names. I'll do a couple of you, but thanks as well to Mark Wayne Mullen, Senator Mark Wayne thank you. Stand up, Mark Wayne. Don't fight him. He's a serious fighter in a lot of ways, and he's a great guy, too. Thank you. Mark Wayne. Deb Fischer. Deb. Thank you, Deb. Pete Ricketts, who's going to do very well in the upcoming election. Thank you. Thank you. Thank you, Pete. John Usted, who's really moving along in Ohio. John, good luck. You're going to do well. All endorsed people. John Curtis, who's doing terrifically. John, thank you. Good job. They all say, excellent. What can I tell you? Good job. And Bernie Marino, who won a race that was not winnable. They all said it's not winnable. He won in Ohio. They said you can't win that race. It's a waste of time. You're just wasting your time, right, Bernie? Wasn't a waste of time, was it? Huh? And he won by like five points, too. Won by a lot. Along with Representatives Kevin Kiley, Vince Fong, J. Ober. Nolte. Doug lamarfaer. Darrell Issa. Wisdar. I haven't seen you in such a long time. Look at you. How good you look, huh? Good. When you have those big margins, it's easier. John Joyce. Great guy, John. Thank you. Thank you, John. Dusty Johnson, Morgan Griffith, Troy Balderson. Troy, from a place called Ohio. And he played very cute at one time, but then he got. Boy, I'll tell you, he's become a good politician. Where is Troy now? Where I haven't seen him use for years. I endorsed you early, when he was early and younger, but you still look young. And you've done fantastically good, Good work. Really good work. Claudia Tenney, New York. Claudia. Thank you, Claudia. John James. John James. I don't know, you know, he's running for governor, but I'm not sure I'm happy about that. John, do we have somebody good to take your seat? Because otherwise we're not letting him run for governor. We can't. You have somebody good, right? Okay. As long as you like them, they'll win. Tracy Mann. Tracy, thank you very much. Thank you very much. Appreciate it. Michael Baumgartner. Michael. Thank you. Michael. Good. Good job. David Rouser. Rouser. Thank you. Glenn Grothman. Hi, Glenn. Thank you very much. Glenn. Brett Guthrie. Brett. Thank you, Brett. Rudy Yakim. Thank you. Thank you, Rudy. And I want to thank you all. And there's some additional people in the room, but we have to get back to. This is like, so big. This is a big one. Under the previous administration. The previous administration. I could Go point after point. Everything they did. Open borders. Men playing in women's sports. Transgender for everybody. Everybody, let's go. Transgender. What a group of people you had over there. They must have hated our country. Under the previous administration, the federal government gave left wing radicals in California dictator powers to control the future of the entire car industry all over the country. All over the world, actually, because they have to build a car. They can't build 19 different cars called the same thing. And really it was all over the world what was happening. They approved Governor Gavin Newscomb's ridiculous plan to impose a 100% ban on all new gas powered cars within a very short period of time. Think of this. You couldn't buy any other car except an electric powered car. And in California, they have blackouts and brownouts. They don't have enough electricity right now to do the job. And countrywide, you'd have to spend $4 trillion to build the firing plants. To build, to be able to. They go to firing. They go on a lot of things. Charging plants, firing plants. $4 trillion you'd have to spend in the Midwest. They built nine of them. Nine individuals. It's like a pump, just like a pump, except instead of gas, electricity comes out. They spent. Actually they built eight of them. $9 billion they spent for eight, eight little hoses. $9 billion. Now I'm sure they could have done it for about, you know, 1, 1000th of that, but even if they did, it's unaffordable. They approved Governor Gavins. Ridiculous is so ridiculous. By the way, you would. If I didn't bring the military in. Los Angeles would be burning down right now. Be burning just like his damn houses burned down because he didn't have the water that he should have had it. So much water. They have so much water. We had to send in the military to free up the water. And we did that right after the fires. We told them to do it in the first term. But just like that. Ridiculous plan. This is a planned debate. Think of it. A plan to ban 100. And they call it the 100% ban on all new gas powered cars and abolish 75% of the gas powered trucks. 75%. The trucking industry saw me, they said, sir, it doesn't work. Number one, the trucks are so heavy, they're two and a half times heavier than a diesel powered truck. So one of the Big Truckers owns 28,000 trucks. Big company, tremendous company. He said, I go out of business immediately. I'm not going to play games. I Mean, did you explain these things to the government officials? Like, the truck weighs two and a half times more, two and a half times more than a regular truck, a gasoline powered diesel. And he said, based on that, we have to rebuild every bridge in the United States of America. Because it wasn't designed to hold cars and trucks that heavy, because the batteries are very heavy. They're, you know, probably lead. They have a lot of things in those batteries that weigh a lot, but it's two and a half times. It's a simple number, two and a half times. And if you, if you want to do this, you have to spend trillions and trillions of dollars on rebuilding every bridge in the United States. And I guess throughout the world, if they, because they do follow us and the big rig buses and even cement trucks, they want to abolish certain categories of truck, but they want to go. 75% of all of these trucks have to be abolished almost immediately. I mean, the time is just crazy and they don't go far. Another little problem with a tank of diesel. You can go from New York to Los Angeles, if you want to go to Los Angeles right now, but New York to Los Angeles and you can go back a little bit with the electric truck, you'll stop approximately six times. Enjoy your stop. And the trucker saw me and I said, did you just explain this? Because this is like, you know, if you explained it, if a person's reasonable for that. He said, we explained it. They didn't care. They said, we're going all electric. They're, they can't be stupid because anybody that can cheat on elections like them is not a stupid person, but they must hate our country. But I said to this big trucker, he said, sir, I've been buying trucks my whole damn life. He's a rough guy, smart guy. He said, I got thousands of them. I've been buying them for 50 years. And every single year they got better, they got more efficient, they got bigger, they got stronger. I build apartments in my trucks now for the drivers. I said, what's an apartment? That's on the cab. They put this thing. And sir, I know you like luxury, but you wouldn't mind living in one of these. I said, maybe I would, maybe I wouldn't. I mean, it doesn't sound too appealing. But I said, so what's the problem? He said, so I noticed one thing. For 50 years, every single year, one thing happened. They got better, they got stronger, they got more efficient, they got faster. They could carry any load. If we went to this standard, we'd go back beyond 50 years. They wouldn't go as far as a truck from 50 years ago. It would be too heavy and have all the other problems. He said, we'd be going backwards, would be taking a trucking industry, would be starting all over. But actually it would be worse because it was better 50 years ago than. So I said, what are you going to do if I don't win this election? This was before the election. He said, you don't win the election, I'm going to close up my business because I'm not going to lose my. He said, I'm not going to lose my ass. I know exactly what's going to happen. It's going to be a catastrophe. It's the craziest thing I've ever heard. They're making you buy stuff that doesn't work. It's no good, it doesn't work. And I'm all for electric. If you want to buy electric, you can buy electric. Cars are great. If you buy the right ones, cars are great and you should be given the option. Buy the electric car, buy a gasoline powered car, buy a hybrid. Probably not hydrogen because hydrogen has a tendency that when it blows up, you gonzo, it's over. They find you 75 yards down the road, you know, where is he? Well, I think that's him, but I'm not sure. So, you know, they said, we think we can solve the problem. I said, that's not good enough. When they think, no, it sounds like it's quite severe. If it doesn't work, Steve, it'll work most of the time, but if it doesn't, it's over. It'll make your accident look like peanuts compared. You wouldn't be around, I'll tell you because it's been. It's pretty, but some people like it. I don't know, let's see what happens. But I would say it's off to a bad start. But because of the size of California's population and the fact that 17 other states follow California, that's the problem. Seventeen other states follow California. They have the most ridiculous laws I've ever seen. For a lot of things, this is just cars, but we're. And trucks and electricity, they have a lot of them. For other things, but we have. It's called the California Car Standards. And this horrible scheme would effectively abolish the internal combustion engine which most people prefer. Like so far, I'd say about 90%. In fact, General Motors announced yesterday they're going to spend about $6 billion on because of tariffs and maybe because of my election on November 5, but. But because of tariffs. I think more than anything, they're all coming back. They're coming back from other countries that took them 25, 30 years ago. They're all coming back. We have now almost $15 trillion. They had almost nothing last year and year before. They have very, very little. Nobody wanted to be back here. Nobody wanted to come to our country anymore because we were like stupid people. We look like stupid people. We were laughed at all over the world. Now we're not laughed at anymore, I can tell you that. But they wanted to shatter our domestic supply chains and literally grind civilization to a halt. We would have gone so far back. It's hard to believe, actually. Hard to believe when you don't have enough electricity to give a person a little air conditioning in the summer. And now they want you to take electricity and fire up all these cars. But we're not going to let that happen. Meanwhile, all of the auto jobs would be shipped to China because they're very strong on electric and it lives off. An estimated 200,000American auto workers would be destroyed. It's one of the reasons I did so well with the United Auto Workers, and now I'm really doing well with them. I did phenomenally with them. No Republican ever got any numbers. Like, I got into Teamsters too short. Joan o' Brien, the head of the team, says these guys, they like Trump because I produce jobs. They know that. Everybody knew that. The auto workers knew better than anybody how good the tariffs were. And the head of the auto breakers, I don't know him at all, but he didn't like me at all. Now he's going around saying, this guy's unbelievable. He was very nice to me the last few months during the campaign. No, but if I've proven, you know, I've proven it. I've done what I said I was going to do. And we've brought back tremendous numbers of jobs. And you're having auto plants built all over the country. All over. There's never seen anything like that. They're leaving from Mexico, they're leaving from Canada, they're leaving from other parts of the world. If they want a Mercedes Benz, you're going to have it made here. It's okay to have a Mercedes, but they're going to make it here. Otherwise, they're going to pay a very big tariff. They already are. That's one of the reasons we have $88 billion. It's a lot of money, but that's peanuts compared to what we're going to be making in another few months. They haven't even kicked in yet. But we're not going to let any of these bad things happen. These stupid projections that I've been reading about for the last six months, I think these people either corrupt or really dumb. And they're supposed to be economists. And in the campaign I promised to end this disaster. And today our Republican majorities in Congress have delivered and I don't know, I can't imagine it's so obvious. It's so good. Did we get any Democrat votes? Did we get one? Two. Who?
