Keynote transcript, Jul 15, 2026 (Donald Trump)

Wow. What a great song that is. We've all heard it. It became hot. Lee became very wealthy. Lee Greenwood—he's fabulous, and I want to thank him. He's been with us from the beginning. A great guy. A great talent.

And, Pennsylvania, you are really rocking. You are—you've got the big ones here.

And David, Dina—no, it's—I'm in a world where I'm shaking hands with all celebrity businesspeople, mostly. But they're the biggest names in business, and they're all spending money in our country, but they're all spending money in Pennsylvania. So I just want to say thank you.

But this is a hot place. It's a hot. We would say, "It's a hot Commonwealth." Never call it a State; you're in deep trouble. [ Laughter ] I've seen people's political careers end over that. [ Laughter ] Just call it a Commonwealth. A lot of people don't remember that.

But I just—I think it's great to see what's going on and to see the kind of genius that I'm surrounded by—all of the people that I met backstage. But it's pure genius.

I want to thank Senator David McCormick for organizing this extraordinary event. And I came to another one with you about a year ago, and that was a monster. But it wasn't like this one. This is even beyond. That was on energy, and it was very impressive. But this is something crazy, what's going on.

Outstanding work on behalf of the incredible people of Pennsylvania.

You know, he followed me along the campaign trail, and he had a tough race. It was a tough race. A lot of people wouldn't have had the courage to do it. It takes guts to run for office. People don't know that. Only the people that never get there know it.

But the fact that you did what you did. You did it once, and you did it really well, but things didn't work out. And you did it a second time against, actually, a much tougher opponent, and it wasn't even close.

So I just want to—I think he's a great guy—great, spectacular guy with a great helper. Right?

But we're here today to celebrate a colossal victory for this Commonwealth and for the entire Nation.

This afternoon we're announcing nearly $10 billion of new investments in our defense industrial base right here in the great Commonwealth of Pennsylvania, and these investments will create more than 4,000 jobs. Pennsylvania workers will build the ships, submarines, trucks, weapons, and industries that will ensure America remains the strongest and most powerful nation in the history of the world.

We're doing better now than we've ever done. We have $19.2 trillion. We used to go million. Then we went billion. Now we're into the trillions. But there's never been anything like it. The country is as hot as it's ever been.

And we're doing really well with Iran. The Islamic Republic of Iran is not happy right now. Should have been done 47 years ago. Should have been done at least during the 47-year period, and it wasn't. Other Presidents didn't do what was right. They should have done it a long time ago. Would have been much easier.

And we—they want to settle so badly. They don't like what we're doing, and they do want to settle. We'll find out whether or not we settle with them or we just finish it off.

But I want to thank Secretary of War Pete Hegseth. He's been amazing.

Pete, thank you very much. Great job. He's been really amazing.

You know, he used to do interviews. All he wanted to talk about is war. "Sir, would you give a pardon to 19 soldiers?" "Why? Why?" "Well, they killed a lot of people. They were trained to kill, and that's what they did." And I pardoned a lot of people. But they've all been well behaved, right?

Okay. Good. Otherwise, it'll be a big story. [ Laughter ] "Trump shouldn't have let them go." But I'm blaming you, Pete. Okay? [ Laughter ]

But he was very successful, actually, on television. I think he probably hated it because he can't love anything more than what he's doing right now, and he's doing it incredibly well.

Thank you, sir.

So great job, Pete. Appreciate it.

Small Business Administrator Kelly Loeffler. Kelly, wherever you may be. Thank you very much. She's great.

Secretary of the Army Dan Driscoll, who's really out there with that beautiful smile—with that beautiful smile, but he's actually a killer. Look at that beautiful, nice face. [ Laughter ] Everything's so happy. He's a killer. Would you believe it? [ Laughter ] Those are the best kinds, actually. [ Laughter ]

Commanding General of the Army Trevor Bredenkamp. Trevor, thank you very much.

And a couple of warriors in a different way, but they are great: Scott Perry and John Joyce, Congressmen. And they are fantastic, and they've been my friends for a long time. Where are you? You've been my friends for a long time. They're tough cookies, and they—want what's right for the country.

Thanks as well to your amazing State treasurer, Stacy Garrity, who is running for Governor. And I'm telling you, this guy Shapiro is totally overrated. I watched him the other night doing a speech, and he does not have what it takes. Maybe he'll win, and he's expected to win, but I hear things about Stacy, and I'm hearing some poll numbers that are very good. But Shapiro is—he doesn't have what it takes.

Now, people think that's a horrible statement to make, but that's the way politics is. [ Laughter ] That's the way it is. I tell the truth.

Attorney General David Sunday. David, thank you very much. Great job, I hear.

And a very—probably the most important person in the room is Senator McCormick's wife, Dina. I mean, I know Dina. Dina worked for me for 4 years. She worked for me. I know her almost as well as David. Hopefully, not quite as well. But Dina has been—she's been amazing—and she's gotten a very nice position as the president of Meta, working with a very good guy.

So a lot of good people, but one in particular. So good luck, and doing a fantastic job. Thank you.

She was—great. She worked in the administration first term, and she was fantastic.

We also have a big name—a very big name, a very brilliant name. Somebody who's done, I guess, in the history—I—I'll make enemies when I say this, but I shouldn't because I think it's true: Jamie Dimon is maybe the greatest banker in this country in many, many decades. So—CEO of JPMorganChase. Thank you, Jamie.

The president of General Dynamics, Danny Deep. And, you know, they make the greatest submarine in the world. They just have to make them faster. Danny, will you please make them faster? [ Laughter ]

I—that's true with all of the munitions people, actually. Faster. We need a little more speed. We have the best quality in the world, but we need a little more speed.

The president of Hanwha Defense USA, Michael Coulter. Thank you, Michael, out there.

The president and total boss of Boeing is Kelly Ortberg, who's—terrific guy. I think he just gave me the award for being the salesman of—he started by—"of the year." I said, "That's not the year." Then he said, "What about the decade?" "Nope, much more than that." [ Laughter ]

So it's the salesman in the history of Boeing. I have sold more Boeing planes—over 1,000—and nobody comes close. You know what I got for that? Nothing. I get nothing. [ Laughter ]

Now, if I was in the private sector, I'd say, "I want a piece of the company for that." Right?

But, Kelly, you've done a great job. You're bringing it really back, and you're up to 44 planes now. Forty-four. They're producing the planes at a very rapid rate. And Kelly has done a tremendous job.

President of Northrop Grumman, Kathy Warden, made a—just—they showed us a plane that I like a lot.

President of Lockheed Martin, Jim Taiclet. Jim, thank you very much. Thank you, Jim. Good job you're doing.

President and COO of Blackstone, a friend of mine from the real estate wars. He was a brilliant guy. I always thought: "This guy's always there first. What's with him?" Jon Gray. He's a real real estate genius and other geniuses. Now, real estate, he doesn't even have to participate. He's had—but you've done a great job. And say hello to you-know-who. He's a tremendous guy. He's been a big help. He's been a—Steve has been a big help.

Cochairman of TWG Global, Thomas Tull. Thank you, Thomas.

CEO of Divergent Technologies, Lukas Czinger. I just saw some of their technology. It's amazing. I saw some—of those things backstage. You don't want to talk about them. They're pretty amazing.

CEO of EQT, Toby Rice. Thank you, Toby.

President of North America's Building Trades Unions. He's the most powerful man in the room. It's Dina for the women, and it's this guy for the men: Sean McGarvey. Thanks. Thanks, Sean. Sean McGarvey. Good guy too.

And the founder of Valor Equity Partners, Antonio Gracias. And he's somebody highly respected by everybody, including my family, my kids, and also helped us tremendously working at the early stages of the administration with costs, because we inherited a cost mess. And he was fantastic. And I want to thank him and Elon too. Elon did a fantastic job.

This year, we're celebrating the 250th anniversary of American freedom, and no State has been more central to protecting that freedom than the Commonwealth of Pennsylvania.

Pennsylvania is where America declared its independence; where George Washington crossed the Delaware; where the Union was saved by the heroes of Gettysburg—what a war that was, when you read about it; and where Pennsylvania workers poured the iron and steel that won two world wars and won lots of other things in addition.

With today's announcement, Pennsylvania will play a key role in building the arsenal of freedom to defend our Nation in the modern world.

We have things happening in this State—I think, really, people don't know what's happening in Pennsylvania. People aren't really—literally, they're not able to even fathom what's going on.

And I'm just sitting back there, I thought I was very well aware of it, and then I'm meeting people—very well-known people—and they're saying what they're doing here.

We got to get the word out a little bit because this is very much of a miracle—very much of a miracle. Highly respected people.

The talent and innovation in this room will keep America safe for many years to come. They are very advanced—the most advanced equipment anywhere in the world.

Under the Trump administration, we've invested a record $1 trillion in the United States military. And next year, I'm proud to say—and, Pete, we have to get moving on this—$1.5 trillion we're going up to. We need it. It's all made in the U.S.A., so it's not, as—Sean, it's not fully a cost. You know, it's cost. We've got to take something, but it's called jobs. And—when you think of it that way. But 1.5.

I built the military in my first term, and I used it in my second term. And, as you know, Venezuela was—actually 48 minutes, but let's call it one day. And we've paid for the cost of that war 50 times over—more than 50 times over already.

And they've been great. The people from Venezuela, the leadership has been fantastic. And we're working with them, and the big oil companies are moving in.

They've made more money for themselves in the last few months than they made in the history of the country, and it's just properly—it's being properly run.

They have oil. They have so much oil. You find the oil there, Pete—you just look down at the ground, and you say: "Oh, that's oil. Just drill it." There's very few places that have anything like that.

But we have a great relationship with the leadership. We've worked with them very closely. And we're bringing all the big American companies in. And it's been very much of a miracle. Millions and millions of barrels a day.

The spirit of our Armed Forces is the highest it's ever been, with every branch setting records for recruitment.

And I will tell you, when—during the campaign, when I was running against Kamala—she had no clue, but Joe had no clue either. That's why they got him out of there.

I had to run against two people. Everyone else runs against one person. You do well, they—Joe wasn't doing too well. He was down, like, 28 points. So they said, "Let's replace him."

That's like replacing a fighter. You're doing great against a guy. They say, "Let's put somebody else in."

Fortunately, she wasn't much better than he was. [ Laughter ] And somebody said she's leading in the polls. That's not possible. [ Laughter ] But if she is, that's fine. You know, you've got to go out, you've got to win.

But what's happened with the election—this was an amazing election. Think of it: We won every swing State. We won the popular vote by a lot. We won 82 percent, 87 percent of the counties in America. That's a big one. We won the Electoral College. We won everything. But all seven swing States. The big thing was could anybody ever win all seven. We won all seven swing States, and we won them by a lot. So it was a great achievement.

But when it came to joining the military, we had vacancies, empties. We had a situation that—actually, it was remedied largely, Pete, I think, on November 5, when we won. It—even before we took office, it was remedied to a certain extent.

And when we took office, so—now we have overflow crowds trying to get into the military. And that includes our policemen, our firemen, anybody with a uniform on.

They were very ashamed of our country, and now they're very proud of our country. And we're setting recruitment records like we've never had before.

In fact, it's a great time if you want to expand the military a little bit. It wouldn't be bad because we cannot get—we have unbelievable, talented, in good shape—in unbelievably good shape—you know, we had something pass in the United States Supreme Court. It was called "merit," and nobody thought that was going to happen. I didn't think it was going to happen, actually. We're in—trying to get it. And everything now in our country again is based on merit.

Getting into colleges is based on merit. When you have somebody with great boards, great marks, all A-pluses and A's and the highest board marks and then doesn't get it because somebody with far less capability gets in—that's nasty.

But it's, you know—our country was built on greatness, and it was based on success. It was based on merit.

And now we have that, and that includes the military. And the people that we have in this military, you can send most of them to Hollywood, and they could become, like, movie stars. They are unbelievable. And you saw that in Venezuela. I saw—I met them backstage. And these are people that are—it's a whole different ball game.

So I just want to thank everybody. The—that was a decision that was a tough decision to make. And it took courage to make that decision. Nobody thought that was going to be made. But they gave us back our beautiful merit system.

And now the best people get into the best positions. They get into the best schools. They get into the military. We actually have strong people going into the military now as opposed to people that aren't strong or that shouldn't be there. And it's, like—I call it central casting.

Washington, DC—we're using the military in there. And our crime rate's down 92 percent. And it's gone from an unsafe city to one of the safest cities. The Capital, one of the safest cities anywhere in the country. Restaurants are booming. The restaurants were all closing. People were afraid to go to a restaurant.

We took out over 5,000 criminals. We got them out of here. We got them—sent them back to their country. Many of them came through the Biden open borders, which was insanity. We got them out of this country. And we did a real job in Washington, DC

And I will say, Memphis is a similar kind of a thing. A little bit—we started it a little bit later, but they're down in crime 78 percent.

And New Orleans, Louisiana—the Governor called me up—Jeff Landry. Great guy. He called me, and he said, "We have a problem. We have the Mardi Gras coming up, and this place is loaded up with crime."

And we sent in the National Guard and others, and it was the safest that is on record—the safest Mardi Gras on record. They've never had anything like it. He called me two—days later. He said, "I've never seen anything like it."

It's a terrible expression. He said, "Nobody was killed." Well, that doesn't sound so good to say, frankly, in one way. But in another way, many people would be killed during Mardi Gras consistently. And now it was the safest they've had, he said, in 67 years. So, it's pretty good.

But we're going out for the $1.5 trillion this year, and I think we're going to be able to get it. And we're going to get it because we have so much money coming in. The tariffs have made this country so rich, and they've made this country so competitive.

In order to not pay tariffs, people are coming out and they're leaving Mexico and they're leaving—in fact, it was just announced that Toyota is leaving Mexico. Toyota is going to build one of the largest plants in the world—car plants in the world in Texas.

But many, many companies—they left us. And they went to Mexico, Canada, Japan, Germany—they went all over the place—South Korea. They're all pouring back. The car plants, the AI plants—they're all coming back. If they don't, they have to pay taxes.

The chips. We had this ridiculous CHIPS Act, where you give billions of dollars to a company, and they didn't even know what the hell to do with it. You give them billions of dollars; they say they're going to build. Nobody knew what to do with it.

And, of course, the standards were so high. If you weren't transgender, as an example, you didn't qualify. So they'd get the money. They'd hire. They'd look all over for transgender people to run the company—large portions. They couldn't find them. They weren't into the chipmaking business, I guess. Right? [ Laughter ] They had other things on their mind.

But this was the Biden fools—those idiots that almost destroyed our country.

But we're also reasserting the fundamental truth: To be a strong nation, you must be a manufacturing nation—manufacturing jobs. When you see these plants start to open—

So we're building now at a record that we've never even—I don't think any country's ever approached this record. Again, we have $19.2 trillion being invested. And there's never been anything like it.

You go back years and years, and it's—China had the record with $3 trillion, and we're at $19.2 trillion. There's never been anything like it. These are going to be starting to open in 6 or 7 months.

I mean, it's unfair, because you know whoever the next President is, is going to be sitting up here someday saying, "What a great job I did. What a great job."

I did the greatest job, Jamie. He's going to be talking about what a brilliant President he is. And I'll be home, and I'll be saying, "That son of a gun." [ Laughter ] "This"—because we did the job. We did the job.

And we're clearing every obstacle to building the defense industrial base. And so many people—I was shaking hands backstage. They just came up, and they said, "We couldn't even function 2 years ago in this country. We couldn't get anything built. We couldn't get approvals. We couldn't do anything. And now we're—we've never—we cannot imagine the change."

They said—five or six of the people are building defense-oriented things. They said, "We have no idea how this—has happened to this extent." He said, "We're—we look forward to going to work. We get our approvals fast."

We came up with the concept like on AI and other things that are big, rather than going to our old—very old and fragile grid. We maintain it, but it's old and not up to date. It was let go by a lot of people that were in my position. They shouldn't have done that.

But I came up with the idea to let them build their own power plants. So they're building their own power plant.

So you know, people would complain about the grid, but, actually, they're giving their excess electricity back into the grid. It's a phenomenal thing.

But they're coming up with power. They're doing their own. They're really becoming a utility. They're becoming, actually—in addition to AI, they're also becoming a utility, and they're building some of the greatest power plants anyone has ever seen.

We don't want wind because it's terrible. It doesn't work. These countries that go to wind—you go to wind, you lose your way; you go out of business. Look at what's happening in the United Kingdom. Wind all over the place. Doesn't work. Too expensive. Everything's made in China.

And remember, you have to replace them after 8 or 9 years. You know, it's wonderful if they were there, but you've got to replace them all the time because they wear out. The salt water kills them. It's ridiculous.

And we have the oil and gas. We have the—a number of people back there with the nuclear. Nuclear is hot. It's become safe, and we've got to keep it safe. But it's become safe.

But we have tremendous new things happening, and some of these power plants that are being used for AI and other things that they're building are so far advanced from what you're used to. When you look at Con Edison and you look at the old companies, it's fine. They get the job done. But these are tremendous advancements that nobody would have ever come up with, except for this group of seriously brilliant people.

After decades of foreign countries ransacking Pennsylvania and all of our country—they ransacked our country—and stealing our jobs, I imposed historic tariffs to protect the American copper, aluminum, steel, and many, many other project, like cars. And because of that, they're all coming back.

This could have been done by a President—if he knew, you wouldn't have a Taiwan making 100 percent of the chips. I think by the time I leave, we'll be—we'll have almost 50 percent of the chips being made in the United States worldwide.

They're moving here like you wouldn't believe it—with no investment. I'm not giving people billions of dollars. I'm not saying to some chip company, "Here's $30 billion. Good luck in finding a site."

That's what this stupid CHIPS Act was. Hundreds of billions of dollars just wasted. Half of the people never even used the money.

I didn't give them 10 cents. I said, "You're going to pay nothing for 2—for a year. After that, you're going to pay 10 percent. After that, you're going to pay 25 percent. Gives you 2½ to build your factory. If you don't build it by that time, you pay 200 percent"—meaning you're sending chips in, you have a 200-percent tariff.

They're building like crazy. And the biggest chip company in the world is building, and they just announced that they're expanding by another $200 billion. They're spending most of their money in Arizona. Great place to invest. But they're spending an extra $200 billion. It's the biggest chip company in the world.

But we passed the largest tax cuts in American history. We delivered 100-percent expensing. That's a big one. That's, I think—we had the greatest economy in the history of our country in my first term. We then got hit with COVID, but even including COVID. We did a great job in COVID. We never got credit for it. But every country was ripped apart by that disaster.

We know where it came from. It came from Wuhan, and I said that. But we were all ripped apart. And China got hit very, very hard. It was delayed. They got hit very hard at the end. But it was a terrible thing.

But we had the greatest economy in history. And before COVID, nobody had ever seen anything like it.

But if you just took those 3 years and look at what we're doing now, we're going to blow them away. I mean, unless some horrible event happens, which is always possible—you know, we always have to at least think about the horrible events. Who would have thought that COVID could have happened, a thing like that could have happened?

But we delivered 100-percent expensing, and that expensing, I think, where you write it off in 1 year—I have friends that bought things that, frankly, they didn't need. I have a friend that never flew on a private plane in his life, and he ended up going out and buying a very expensive private plane because of expensing. One year. And a lot of you, you're building your plants. More importantly than an example like that, you're building your plants and equipment.

Jamie can expand his bank, write off everything in the first year. And you're doing a nice job. Your building is beautiful, by the way. It's great. You can write that sucker off in 1 year. Can you believe it? [ Laughter ]

No, that stands up there—that steel. I want to know that steel contractor. He did a good job. A great job, actually.

But we delivered 100 percent, and I felt it was very important to do so. And it goes for a 10-year period. So it doesn't just—I actually want to make it for 1 year, because I figured everybody's going to come. Ten years is too long, but we had a couple of Senators that really wanted—including a man named Lindsey Graham, who we love. And, Lindsey, we pay you respect because he was some special guy.

Lindsey, David, was a big proponent of 10 years instead of 1. In other words, you could use this for 10 years instead of 1. I said, "But, Lindsey, 10 years is too long. It lets—it let-—it gives them too much time." He said, "Oh, no. We have to do this." I said, "Oh, go ahead, Lindsey. What the hell do you know about business, Lindsey?" [ Laughter ] Right?

But he was—great. We're going to miss him. Right, David?

We sure are.

We're going to miss that guy. What a way he was.

You know, he's a guy—I'm just thinking. He's a guy that we—some people you don't appreciate until they're not here. Right? And you just saw all the quality that he had. He got things done. He could even deal with Democrats. If I needed a Democrat, I could go to Lindsey, and Lindsey would take them out and wine them and dine them, and say, "I got them for you." Right?

There aren't too many people could do that, David, and I know it very well.

But the expensing was so important. I think it's really what led to the tremendous success, because we had it in the first year, and—in the first administration, and I think that was what led to single—the single most important thing, I think, in terms of investment, was the 1-year expensing. I think people were building. Sometimes maybe they shouldn't have been, but they were building at levels, and then it caught up.

We passed the largest regulation cuts in American history by far. And we unleashed American energy, including Pennsylvania oil; gas; and clean, beautiful coal. We're back in the coal business. We have so much—technology and changes have been made in coal. And in the Trump administration, you're not allowed to use the word "coal" without preceding it by the words "clean, beautiful." [ Laughter ]

And Chris Wright, who you know so well, and Doug Burgum—they've been a fantastic team. And they were making a speech, and I said, "You—nobody can say 'coal' without preceding it with 'clean, beautiful.'" But this whole speech was on coal, and they kept saying, "Clean, beautiful coal. Clean, beautiful coal." And I said, "Okay, it's enough. You"—[ laughter ]—you know? It's—but it is. It's—and look, you know, I hate to say it, but it's what China uses. They're building, now, 58 massive coal plants. And you know, they're responsible for building the windmills. And I said, "How many windmills are they building in terms of using on their land?" Jon, I want to know. You—if you see any, let us know.

They got coal plants all over the place, but they build the windmills. But the only one they have that I know of is one that they want to use—they use it to—they don't use it in terms of energy. They show people, "Look how beautiful this is," as those poor suckers buy those windmills and lose their ass. [ Laughter ]

But it's a terrible form of energy. Most expensive form of energy. It's intermittent, doesn't work. And, in my opinion, it kills the environment. It kills the birds. But it's—visually, it's terrible. It's terrible. It's a terrible thing. And I'm proud to say that we have approved almost none. I think none. But we are—they are—everybody's under an order: No windmills—we don't want the windmills. We don't want them. And let somebody else use them.

But everybody using them is in very big trouble. They're in energy trouble because they don't work and very expensive—most expensive form of energy, and they don't work. And I've been saying it for 4 or 5 years, and people still buy them. Maybe not quite like they used to, but people still buy them. It's crazy.

But we unleashed American energy, including the Pennsylvania oil. And the Pennsylvania oil is doing unbelievably well.

We saved the great American company, U.S. Steel. And I worked with Salena Zito. I don't know if Salena's here. Is Salena here? She's so—where's Salena? Where—is Salena? I love Salena. Where is—she's queen of the Rust Belt. But you're no longer the Rust Belt. You're really the Money Belt. I have a new name.

Salena, are you here?

I'm here.

Come on up here, Salena, will you?

She's the queen—she is the queen of the Rust Belt. Now she's the queen of the—and be careful. Don't fall down the stairs like Biden. [ Laughter ]

Come on, Salena. Get down here. Grab her, everybody. I want to show you a woman that knows what she's doing. You know, she knows what she's doing.

I had no idea she'd be here, but anything having to do with Pennsylvania, any of these great States, she's around.

Well, Salena, I want to thank you. You're really a talent. That's only because she writes so well about me. [ Laughter ]

You know, if she wrote badly, I'd say, "Get her the hell out of here." [ Laughter ]

Salena, thank you, honey, very much.

Thank you, sir.

We appreciate it. Really amazing person. Thank you.

No, she loved this area, she loved the people, and she saw it going to hell, and she knew more about it than anybody else. And she also knew it had more potential because of the people that it—and she would write about it like nobody would believe. And she's one of the top writers in the country.

She—I hate to say this. She writes for the Washington Post. But she's one of—as one of her many outlets. I hate to mention that, but—she's done a phenomenal job of explaining what's going on.

And she really just believed in the area, but she believed in the people of the area. They're incredible. You're going to find, all of you genius that are building the—your plants, you got the best people in the world working here.

So, just to finish up, we did more in terms of regulation cut—cuts by five times, six times, and even, in some cases, depending on the way you look at it, seven times than any other President.

We delivered no tax on tips, no tax on overtime, and no tax on Social Security. And we're building a beautiful military complex and a ballroom combination at the White House, and they were working on Saturday and Sunday—partially Sunday. And I went and visited a couple of hundred men that were working round the clock.

It was Saturday night, late—very late—11 o'clock in the evening. And I said, "You're so lucky I'm President because there's no tax on overtime." [ Laughter ] Think of it. They're making a lot of money. And there's no tax on overtime. But there's no tax on tips, no tax on Social Security, and that's been good.

And the other thing we did, which seems simple but never done before. When you buy an automobile, some people have to pay and they have to go and borrow money from a bank. You're allowed to deduct the interest payment from your income taxes—and that's a big deal—but only if the car is made in America. So that's been great.

So all of these things have added up to a level that we're just—we're booming. The country is booming, and we'll have Iran defeated soon. They'll be defeated very soon.