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Trump's Remarks in a Roundtable Discussion on the Governors' Initiative on Regulatory Innovation
REMARKS
Remarks by President Trump in a Roundtable Discussion on the Governors’ Initiative on Regulatory Innovation
ECONOMY & JOBS
Issued on: December 16, 2019
Cabinet Room
2:53 P.M. EST
{snip}
GOVERNOR-ELECT REEVES: The highest employment rate — we actually have 88,000 more people working in Mississippi today than was working eight years ago.
{snip}
ACTING DIRECTOR VOUGHT: Yeah, I just wanted to build on the momentum of where we are. So, in the first three years, the President has been able to lower regulatory costs by $50 billion over three years. We’re going to double that in the year 2020. What that looks like is about $220 billion of savings to the economy per year, so substantial growth from deregulatory initiatives.
That’s about $3,100 per family that’s going to benefit when we’re all said and done — when the President and the Vice President are all said and done — of real money in households’ pockets. That looks like about three mortgage payments. That’s about the size of a family’s entire gas bill for the year. So this is real money, real benefit, and it’s only just begun.
{snip}
GOVERNOR NOEM: — really did help them quite a bit.
And you never quit, which — I love that you did it until you got it done and you won. And, by turn, we get to win because we’re going to get to keep our family farms and we’re going to get to keep South Dakota wonderful. And so I appreciate that.
THE PRESIDENT: It’s a great place. And you also are going to have a very exciting Fourth of July.
GOVERNOR NOEM: We are. We’re going to have fireworks.
THE PRESIDENT: Right.
GOVERNOR NOEM: And I’m hoping you will —
THE PRESIDENT: For many years — for many years, the fireworks —
GOVERNOR NOEM: — you will come — at Mount Rushmore.
THE PRESIDENT: Well, we’re going to think about it. Mount Rushmore. They ended the fireworks. How many years ago? A long time.
GOVERNOR NOEM: Gosh, it was at least 10 years ago. So —
THE PRESIDENT: Nobody knows why, but you just couldn’t have it. And now you’re going to have fireworks. And the Governor called, and she said, “You got to do me a favor.” Right?
GOVERNOR NOEM: And you did.
THE PRESIDENT: And we worked it out. And we got it done. And you’re going to have fireworks.
And I appreciate what you said on the trade deals. They’re incredible deals.
GOVERNOR NOEM: They are.
THE PRESIDENT: And they’re big. And they’re big. And every once in a while, you’ll hear a critic. There’s never been deals like this made.
But you have some globalists — you know, they want us to lose money. Sometimes you have a globalist get on — I watch it: “Who cares about the United States? Let’s lose money.” I’m the opposite. When I have deficits — I don’t like deficits. You have some people that don’t mind deficits. The deficits — I don’t like factories closing and plants closing in this country, going to another country, taking our jobs.
So, I’ve never really been one to want to put up with it even. I’ve been watching it for — it’s probably one of the reasons I’m President. I’ve watched that for so many years, where your factories and your plants all over — whether it’s Indiana or any other state. Even you, Asa. Right? I mean, once and a while, they’ll close one over there.
But it was — the fact is, I would watch as they close plants, everybody gets fired. They move to Mexico or some other place, including China. And, in China, they don’t move; they just buy the product. And some people are happy. But, no, not me. We keep our jobs. They’re moving back.
The agreement is very tough. The USMCA is very, very tough. It’s very hard to move. Economically, it makes it really prohibitive to get out. And it was very important to me.
But no, I’m not a globalist. I love this country, and we’re going to take care of our country. The deal with China is a massive deal, from a manufacturing standpoint. But the farmers — I mean, the farmers, I guess, maybe will be the —
GOVERNOR NOEM: They will.
THE PRESIDENT: — biggest beneficiary of all. You see that already.
GOVERNOR NOEM: Yes.
THE PRESIDENT: And China has already started to buy. I told them — four, five weeks ago it looked like we were going to get to a deal. I said, “Start buying now. You’re going to start buying now.” And they did. And they were doing a lot of business with the farmers and China. And so the deal will be finalized over the next couple of weeks.
{snip}
Thank you very much, everybody. Thank you. Thank you. Thank you.
END
3:22 P.M. EST
Remarks by President Trump in a Roundtable Discussion on the Governors’ Initiative on Regulatory Innovation
ECONOMY & JOBS
Issued on: December 16, 2019
Cabinet Room
2:53 P.M. EST
{snip}
GOVERNOR-ELECT REEVES: The highest employment rate — we actually have 88,000 more people working in Mississippi today than was working eight years ago.
{snip}
ACTING DIRECTOR VOUGHT: Yeah, I just wanted to build on the momentum of where we are. So, in the first three years, the President has been able to lower regulatory costs by $50 billion over three years. We’re going to double that in the year 2020. What that looks like is about $220 billion of savings to the economy per year, so substantial growth from deregulatory initiatives.
That’s about $3,100 per family that’s going to benefit when we’re all said and done — when the President and the Vice President are all said and done — of real money in households’ pockets. That looks like about three mortgage payments. That’s about the size of a family’s entire gas bill for the year. So this is real money, real benefit, and it’s only just begun.
{snip}
GOVERNOR NOEM: — really did help them quite a bit.
And you never quit, which — I love that you did it until you got it done and you won. And, by turn, we get to win because we’re going to get to keep our family farms and we’re going to get to keep South Dakota wonderful. And so I appreciate that.
THE PRESIDENT: It’s a great place. And you also are going to have a very exciting Fourth of July.
GOVERNOR NOEM: We are. We’re going to have fireworks.
THE PRESIDENT: Right.
GOVERNOR NOEM: And I’m hoping you will —
THE PRESIDENT: For many years — for many years, the fireworks —
GOVERNOR NOEM: — you will come — at Mount Rushmore.
THE PRESIDENT: Well, we’re going to think about it. Mount Rushmore. They ended the fireworks. How many years ago? A long time.
GOVERNOR NOEM: Gosh, it was at least 10 years ago. So —
THE PRESIDENT: Nobody knows why, but you just couldn’t have it. And now you’re going to have fireworks. And the Governor called, and she said, “You got to do me a favor.” Right?
GOVERNOR NOEM: And you did.
THE PRESIDENT: And we worked it out. And we got it done. And you’re going to have fireworks.
And I appreciate what you said on the trade deals. They’re incredible deals.
GOVERNOR NOEM: They are.
THE PRESIDENT: And they’re big. And they’re big. And every once in a while, you’ll hear a critic. There’s never been deals like this made.
But you have some globalists — you know, they want us to lose money. Sometimes you have a globalist get on — I watch it: “Who cares about the United States? Let’s lose money.” I’m the opposite. When I have deficits — I don’t like deficits. You have some people that don’t mind deficits. The deficits — I don’t like factories closing and plants closing in this country, going to another country, taking our jobs.
So, I’ve never really been one to want to put up with it even. I’ve been watching it for — it’s probably one of the reasons I’m President. I’ve watched that for so many years, where your factories and your plants all over — whether it’s Indiana or any other state. Even you, Asa. Right? I mean, once and a while, they’ll close one over there.
But it was — the fact is, I would watch as they close plants, everybody gets fired. They move to Mexico or some other place, including China. And, in China, they don’t move; they just buy the product. And some people are happy. But, no, not me. We keep our jobs. They’re moving back.
The agreement is very tough. The USMCA is very, very tough. It’s very hard to move. Economically, it makes it really prohibitive to get out. And it was very important to me.
But no, I’m not a globalist. I love this country, and we’re going to take care of our country. The deal with China is a massive deal, from a manufacturing standpoint. But the farmers — I mean, the farmers, I guess, maybe will be the —
GOVERNOR NOEM: They will.
THE PRESIDENT: — biggest beneficiary of all. You see that already.
GOVERNOR NOEM: Yes.
THE PRESIDENT: And China has already started to buy. I told them — four, five weeks ago it looked like we were going to get to a deal. I said, “Start buying now. You’re going to start buying now.” And they did. And they were doing a lot of business with the farmers and China. And so the deal will be finalized over the next couple of weeks.
{snip}
Thank you very much, everybody. Thank you. Thank you. Thank you.
END
3:22 P.M. EST
