Discussion on Bond Market Stability

Yeah.

Mr. President.

Um, on, on the bond market, uh, has the administration done enough to

stabilize the bond market after you guys-

Well, I think it is, but I mean, the, the... It's, it's very sad.

Every time we do great, we announce great numbers,

the interest rates go up, and

they go up because they wanna stop inflation.

They should go down because the country's strong.

You know, I see countries like Switzerland where

they have the number one lowest

interest rates, a half a percent, and we pay three and a half percent.

And yet if we stop doing business...

For instance, I have the absolute right to cut off all

business with a country like

Switzerland, like anything. So why are they prime if I can cut off the

business

and they are no longer functional, and yet they're considered to be,

like, an elite country? And I don't wanna single them out because

there's 60

countries like that. They live off the United States.

So why are we paying higher interest rates than them?

You know, in the old days, we used to pay the lowest interest rate no

matter how we

were doing because we sort of generate for the whole world.

And I wanna see it where interest ra- And, and I have to tell you, we have a

wonderful chairman, I think he's doing a great job.

The problem is he has a board, and it's a political board.

It's people put in by Obama, Biden, and me,

and, uh, there are quite a few members still left,

as you

understand. And so they vote to raise interest rates.

I don't know if they're doing it because they think they're doing a good thing or

because they like the politics of it.

But my point is, years ago, 25 years ago, when the

country announced good numbers, interest rates went down because we had a

stronger country. Now, when we announce good numbers,

the better they are, the

worse it is for interest rates. So-