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Donald Trump: “The last administration and their allies in Congress looted…”

Featuring: Donald Trump, Republican | President of the United States | National

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President Trump Delivers Remarks on the Economy, Dec. 19, 2025

Published | Video Starts at 28:39

But they're not laughing anymore. One year ago, our country was dead. Now we are the hottest country anywhere in the world because we finally have a president who puts America first. The last administration and their allies in Congress looted our treasury for trillions of dollars, driving up prices. on and everything at unprecedented levels. How about the new thing in Minnesota with the Somalians? They stole. Now, it came out. The great U.S. attorney up there, they came out, think of this, $9 billion. (28:39–28:46)

CLAIM

Asserts that the previous administration and Congress allies looted the treasury, causing price increases.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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