Susan Kokinda

We don't build transformers in the United States.

And if we had to order one from South Korea, it'd take two years.

So let's say you had a bunch of transformer accidents.

The lights go out for years.

And the president said, no, this doesn't work.

And in this order, he says the market is not

is not seeing to our national defense.

So we have to step in.

And there's all sorts of government financing institutions under the Defense Production Act, in the Energy Department, you have things like the Export-Import Bank, I think there's one called the International Development Finance Corporation.

But these government corporations where this administration is saying, hey,

Wall Street has not, and the magic of the free market, has not seen to our basic needs.

We are vulnerable in all these areas.

You mentioned it during COVID, we discovered this.

Well, we have to use the full array of government power to make sure that we're producing the basic things we need as a sovereign nation.

One of those things is tariffs.

But another of those things is how do you actually get credit into these sectors?

If JPMorgan Chase would rather speculate than invest in some vital industrial area, how are you going to get the money in there?

Will you use these government financing agencies to make sure that the credit goes to people who want to produce here in the United States?

J.D.

Vance described it in terms of our strategic minerals weaknesses.