President Trump Is Right About Infrastructure
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[President Trump Is Right About Infrastructure]
[John Roberts (Reporter):]
Mr. President, you tweeted earlier today that now would be a good time to start looking toward if there is a light at the end of the tunnel and work on an infrastructure bill.
[John Roberts (Reporter):]
Again, you suggested it should be $2 trillion, which is twice what the last one was for the proposal released. Are you anticipating that like after the economic crisis of 2008, 2009, America will need to have so called shovel ready jobs ready to go to get people back to work?
[President Trump:] Source: LYBIO.net
Well, the problem with that one is they had maybe shovel ready jobs, maybe not, but they never used it for the purpose of infrastructure.
So far, nobody has been able to find any money that was spent on infrastructure. I want to use it for infrastructure. And one of the reasons I’m suggesting it, John, is we’re paying zero interest.
The United States is paying almost zero interest rate.
The Federal Reserve lowered the rate, the fed rate. And that and a combination of the fact that everybody wants to be in the United States.
You know, we have a dollar that’s very strong, and I know that sounds good, but it does make it hard to manufacture and sell outside, because other currencies are falling, and our currency is very strong. It’s very, very strong. Proportionately, it’s through the roof.
So we have a strong dollar. People want to invest in the United States, especially nowadays where they’re looking at safety. They have all of the problems, plus the virus at 151 countries. They all want to come into the United States. And so we have a zero interest rate, essentially.
And I said, “Wouldn’t this be a great time to borrow money at zero interest rate and really build our infrastructure like we can do it?” So the plan was, the Republicans had a plan of about 750. I would say… They were where? At seven five? The Democrats were a little less than a trillion dollars. The Republicans were a little bit less than that.
And I’m suggesting $2 trillion. We redo our roads, our highways, our bridges. We fix up our tunnels, which are many of them in bad shape, like coming into New York, as you know, really bad shape. And we really do a job on our infrastructure, and that doesn’t mean we’re going to do the Green New Deal, because I won’t do it. I won’t approve it. We’re not going to do the Green New Deal and do – spend 40% of the money on things that people just have fun with.
How would you pay for it, sir?
We’re going to borrow the money at zero percent interest, so our interest payments would be almost zero, and we can borrow long term. People want to be in the United States. They want to be invested in the United States. Go ahead, Jim.
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President Trump Is Right About Infrastructure. And I said, “Wouldn’t this be a great time to borrow money at zero interest rate and really build our infrastructure like we can do it?” Complete Full Transcript, Dialogue, Remarks, Saying, Quotes, Words And Text.