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WH intown pool 2/3 report# 2
Tierney Sneed • Talking Points Memo
February 3, 2017: 11:57 AM

A correction to my previous report, due to a typo I referred to Elon Musk as a "she," when I meant "he." My apologies.

The White House is sending me a list of the attendees, so I will send that over when I receive it. Some quotes from the opening remarks before the pool was ushered out:


"A couple of things happened this morning," POTUS said, noting the jobs report. "So we are very happy about that. I think that it's really big league. We're bringing back jobs. We're bringing down your taxes. We are going to [get rid of] your regulations."

Trump said there would be a "tax bill very soon, a healthcare bill even sooner"

"One of the things that I heard this morning watching the news, is that amazing things are going to happen," POTUS said. "That politics are to some, a much bigger subject than the Super Bowl." [guests laughed] "We're in Super Bowl territory"

POTUS noted the presence of Larry Fink, CEO of the investment firm Blackrock.

"Larry did a great job for me," POTUS said. "Larry's got a lot of my money and I have to tell you, he got me great returns." [more laughter from the guests]

"When I campaigned for office I promised the American people that I'd ask for our country's best and brightest, and we have that. Wilbur is representing us," POTUS said, referring to his nominee for Commerce Secretary, Wilbur Ross. "Carl Icahn called up and he goes, 'I heard you got Wilbur. Everybody calls him Wilbur. I've never heard him called--we just know him as Wilbur, right?'"

"We've got Jack Welch, the legendary Jack Welch, I appreciate him," POTUS said, referring to the former GE CEO.

POTUS said he was looking for to discussing "all of the things that we can do to bring back our jobs, get taxes even lower. ...we have a great plan, but I want to have your input on the plan, in particular, and hear what we have to do in terms of regulations. We have some of the bankers here. There's nobody better to tell me about Dodd Frank than Jamie, so you're going to tell me about it," POTUS said, referring to Jamie Dimon, the JPMorgan Chase CEO.

"We expect to be cutting a lot out of Dodd Frank, because frankly I have so many people, friends of mine, that have nice businesses and they can't borrow money...they just can't get any money because the banks just won't let them borrow because of the rules and regulations in Dodd Frank. So we'll be talking about that in terms of the banking industry."

"These are the biggest and the best minds, in the country and I appreciate you being here."

Steven Schwarzman, Blackstone CEO and leader of the forum:

The forum's purpose is to "advise the government on the areas where we could do things a lot better in our country, for all Americans."

"We are going to cover the immigration thing, we are going to cover regulatory relief, we are going to cover tax and trade, women in the work place, infrastructure," and in each of those areas, get "suggestions of ways to make things happen, happen faster and anybody can say anything else they want."

"it's really important that we mobilize the non-governmental sector and also, I am hoping that that we could do it on a bipartisan basis."

POTUS spoke again:

"We are going to go around the room, but before we do that, I just want to say, so many people, who are friends of mine, who are in business, and they wanted to be on the committee, but I called Steve and I said, 'Steve can we get so-and-so?' 'Nope" and I said, 'What do you meant, no?' ... big business, massive thing, you know, public companies. And everyone once and I while, 'I'd call and see, how about this one?' ... 'No, he's a corporate raider, these people don't want to be sitting with a corporate raider."

"He's been very very selective"."

POTUS also noted that he had met GE's Mary Barra, before, at a meeting with the auto industry.

"We had Ford there, we had a lot of companies, great companies. Fiat Chrysler [CEO] Sergio [Marchionne]. I will tell you I learned a lot about the automobile business. I thought I knew a lot but they are being so stymied, so constricted with regulation."

"They're pouring back into the country already. If you look at Mark [Fields], he was telling us what they're doing with Ford, and Bill Ford too. A lot of jobs are going to be coming back to Ohio, Michigan, Pennsylvania and all of the places that really have been hurt so badly."

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