President Donald Trump addressed the annual Conservative Political Action Conference Friday.

Here's a transcript of his remarks.

"Great to be back at CPAC. It's a place I have really — I love this place. I love you people. So thank you very much. First of all, I want to thank Matt Schlapp and his very, very incredible wife and boss, Mercedes, who have been fantastic friends and supporters and so great when I watch them on television defending me; nobody has a chance. So I want to thank Matt and Mercedes.

When Matt called and asked, I said absolutely I'll be there with you.

The real reason I said it, I didn't want him to go against me, so I said absolutely. And it really is an honor to be here. I wouldn't miss a chance to talk to my friends. These are my friends. And we'll see you again next year and the year after that. And I'll be doing this with CPAC whenever I can, and I'll make sure that we're here a lot.

If you remember, my first major speech — sit down, everybody, come on.

You know, the dishonest media, they'll say he didn't get a standing ovation. You know why? No, you know why? Because everybody stood and nobody sat. So they'll say he never got a standing ovation, right?

They are the worst.

So sit down. Donald Trump did not get a standing ovation. They leave out the part they never sat down. They leave that out. So I just want to thank you.

But you know, my first major speech was at CPAC, probably five or six years ago. First major political speech, and you were there. And it was — I loved it. I loved the people, I loved the commotion, and then they did these polls where I went through the roof and I wasn't even running, right? But it gave me an idea. And I got a little bit concerned when I saw what was happening in the country, and I said let's go to it. So it was very exciting.

I walked the stage on CPAC; I'll never forget it, really. I had very little notes and even less preparation. So when you have practically no notes and no preparation and then you leave and everybody was thrilled, I said I think I like this business.

I would have come last year, but I was worried that I'd be at that time too controversial. We wanted border security, we wanted very, very strong military. We wanted all of the things that we're going to get, and people consider that controversial, but you didn't consider it controversial. So I've been with CPAC for a long time. All of these years we've been together, and now you finally have a president, finally. Took you a long time. Took you a long time. And it's patriots like you that made it happen, believe me. You did it because you love your country, because you want a better future for your children, and because you want to make America great again.

The media didn't think we would win. The pundits — you're right — they had an idea. The pundits didn’t think we'd win. The consultants that suck up all that money — oh, they suck it up — they're so good. They're not good at politics, but they're really good at sucking up people's money. Especially my opponents’, because I kept them down to a minimum. But the consultants didn't think we would win. But they all underestimated the power of the people, you, and the people proved them totally wrong. This is so true, and this is what's been happening. Never underestimate the people. Never. I don't think it will ever happen again.

And I want you all to know we are fighting the fake news. It's fake. Phony. Fake. A few days ago I called the fake news the enemy of the people, and they are. They are the enemy of the people. Because they have no sources, they just make them up when there are none. I saw one story recently where they said nine people have confirmed. There are no nine people. I don't believe there was one or two people. Nine people. And I said give me a break because I know the people. I know who they talked to. There were no nine people. But they say nine people. And somebody reads it and they say, oh, nine people, they have nine sources. They make up sources.

They're very dishonest people. In fact, in covering my comments, the dishonest media did not explain that I called the fake news the enemy of the people — the fake news. They dropped off the word “fake”. And all of a sudden the story became the media is the enemy. They take the word “fake” out. And now I'm saying, oh, no, this is no good. But that's the way they are. So I'm not against the media, I'm not against the press. I don't mind bad stories if I deserve them, and I tell you, I love good stories, but we won't talk — I don't get too many of them. But I am only against the fake news media or press. Fake. Fake. They have to leave that word.

I'm against the people that make up stories and make up sources. They shouldn't be allowed to use sources unless they use somebody's name. Let their name be put out there. Let their name be put out. A source says that Donald Trump is a horrible, horrible human being — let them say it to my face. Let there be no more sources. And remember this, and not in all cases. I mean, I had a story yesterday written about me in Reuters by a very honorable man that was a very fair story. There are some great reporters around, they are talented and honest as the day is long; that is great. But there are some terrible, dishonest people that do a tremendous disservice to our country, and to our people.

They are very dishonest people, and they shouldn't use sources. They should put the name of the person. You will see stories dry up like you've never seen before. You have no idea how bad it is because if you are not part of the story — and I put myself in your position sometimes because many of you, you're not part of the story — and if you're not part of the story, you know, then you sort of know if you are part of the story, you know what they're saying is true or not.

So when they make it up and they make up something else, and you saw that before the election — polls, polls. They come out with some of these polls — and some of them got it right. I must say, Los Angeles Times, shocking, they did a great job. We had a couple of others that were right. Generally speaking, I can tell you the network. Somebody said, "A poll came out." I said what network is it?

And they'll say a certain — let's not even mention names, right? Shall we? Well, you have a lot of them. The Clinton News Network is one. Totally. Take a look, honestly. Take a look at their polls over the last two years. You'd think they'd fire the pollster, right? After years and years of getting battered. I mean, who knows, maybe they're just bad at polling. Or maybe they're not legit. But it's one or the other. Look at how inaccurate. Look at CBS, look at ABC also. Look at NBC.

Take a look at some of these polls. That were so bad, so inaccurate. And what that does is it creates a false narrative. It creates this narrative that it's just like we're not going to win. People say I love Trump but I'm not feeling great today. He can't win, so I won't go and vote. It creates a whole false deal, and we have to fight it, folks. We have to fight it. They're very smart, they're very cunning, and they're very dishonest.

So just to conclude, it's a very sensitive topic, and they get upset when we expose their false stories. They say that we can't criticize their dishonest coverage because of the first amendment. They always bring the First Amendment. I love the First Amendment. Nobody loves it better than me. Nobody — who use it is more than I do? But the First Amendment gives all of us — it gives it to me — it gives it to you, it gives it to all Americans the right to speak our minds freely. It gives you the right and me the right to criticize fake news and criticize it strongly.

And many of these groups are part of large media corporations that have their own agenda. And it's not your agenda and it's not the country's agenda, it's their own agenda. They have a professional obligation as members of the press to report honestly, but as you saw throughout the entire campaign and even now, the fake news doesn't tell the truth. Doesn't tell the truth. So just in finishing, I say it doesn't represent the people, it never will represent the people and we're going to do something about it because we have to go out and we have to speak our minds and we have to be honest.

Our victory was a win like nobody has ever seen before. And I'm here fighting for you and I will continue to fight for you. The victory and the win was something that really was dedicated to a country and people that believe in freedom, security and the rule of law. Our victory was a victory and a win for conservative values. And our victory was a win for everyone who believes it's time to stand up for America, to stand up for the American worker and to stand up for the American flag. Yeah, there we should stand up. There we should stand up. And, by the way, we love our flag.

By the way, you folks are in here, the place is packed. There are lines that go back six blocks and I tell you that because you won't read about it, okay? But there are lines that go back six blocks. There is such love in this country for everything we stand for. You saw that on Election Day and you're going to see it more and more. So we're all part of this historic movement, a movement the likes of which the world has never seen before. There's never been anything like this. There's been some movements but there's never been anything like this. There's been some movements that petered out, like Bernie. Petered out. But it was a little rigged against him. Super delegate, Super delegate. She had so many delegates before the thing even started. I actually said to my people how does that happen?

Not that Bernie — but a lot of Bernie people voted for Trump because you know why? He was right about trade. Our country is being absolutely devastated by trade deals so we got a lot of support. So actually I like Bernie.

I'm here to tell you what this means for the future of the Republican party and the future of America. First, we need to define what this great, great unprecedented movement is and what it actually represents.

The core conviction of our movement is that we are a nation that will put its own citizens first.

For too long we've traded away our jobs to other countries, so terrible. We've defended other nations’ borders, while leaving ours wide open — anybody can come in. Oh, we're going to build a wall, don't worry about it. We're building the wall. We're building the wall. In fact, it's going to start soon. Way ahead of schedule. Way ahead of schedule. Way, way, way ahead of schedule.

General Kelly, by the way, has done a fantastic job. Fantastic, the job he's done. And remember, we are getting the bad ones out. These are bad dudes. We're getting the bad ones out. Okay? We're getting the bad — if you watch these people, it like oh, gee, that's so sad. We were getting bad people out of this country. People who shouldn't be, whether it's drugs or murder. We're getting bad ones out. They're the ones that go first. I said it from day one.

Basically all I've done is keep my promise. We've spent trillions overseas while allowing our own infrastructure to fall into total disrepair and decay. In the Middle East we've spent as of four weeks ago $6 trillion. Think of it.

And, by the way, the Middle East is in what — I mean, it's not even close —it's in much worse shape than it was 15 years ago. If our presidents would have gone to the beach for 15 years, we would be in much better shape than we are right now. That I can tell you. Could have been a hell of a lot better. We could have rebuilt our country three times with that money.

This is the situation I inherited. I inherited a mess, believe me.

We also inherited a failed healthcare law that threatens our medical system with absolute and total catastrophe. Now I've been watching and nobody says it but Obamacare doesn't work, folks. I could say, I could talk. And now people are starting to develop a little — but the people that you're watching, they're not you. They're largely, many of them are the side that lost. They lost the election. It's like how many elections do we have to have? They lost the election.

But I always say Obamacare doesn't work and these same people two years ago and a year ago were complaining about Obamacare. And the bottom line, we're changing it. We're going to make it much better, we're going to make it less expensive, we're going to make it much better.

Obamacare covers very few people. And remember, deduct from the number all of the people that had great health care that they loved that was taken away from them. Was taken away from them. Millions of people were very happy with the health care. They had their doctor, they had their plan. Remember the lie? 28 times. You can keep your doctor. You can keep your plan. Over and over and over again you heard it. So we're going to repeal and replace Obamacare.

And I tell Paul Ryan and all of the folks that we're working with very hard, Dr. Tom Price — very talented guy — but I tell them from a purely political standpoint the single best thing we can do is nothing. Let it implode completely. It's already imploding. You see the carriers are all leaving. It's a disaster. But two years, don't do anything. The Democrats will come to us and beg for help. They'll beg. And it's their problem. But it's not the right thing to do for the American people. It's not the right thing to do.

We inherited a national debt that has doubled in eight years. Think of it, $20 trillion. It's doubled. And we inherited a foreign policy marked by one disaster after another. We don't win anymore. When was the last time we won? Did we win a war? Did we win anything? Do we win anything? Do we win anything? We're going to win. We're going to win big, folks. We're going to start winning again. Believe me.

But we're taking a firm, bold and decisive measure, we have to, to turn things around. The era of empty talk is over. It's over. Now is the time for action. So let me tell you about the actions that we're taking right now to deliver on our promise to the American people and on my promise to make America great again.

We've taken swift and strong action to secure the southern border of the United States and begin the construction of a great, great border wall. By doing this and with the help of our great border police, with the help of I.C.E., with the help of General Kelly and all of the people that are so passionate about this. Our border patrol, what they do — they came and endorsed me, I.C.E. came and endorsed me, — they never endorsed a presidential can't before. They might not be allowed to but they were disgusted what they saw.

We'll stop it, we'll stop the drugs from pouring into our nation and poisoning our youth. Pouring in. Pouring in. We get the drugs, they get the money. We get the problems. They get the cash. No good. No good. Going to stop.

By stopping the flow of illegal immigration, we will save countless tax dollars. That's so important because the dollars that we're losing are beyond anything that you can imagine. And the tax dollars that can be used to rebuild struggling American communities, including our inner cities. We are also going to save countless American lives. As we speak today, immigration officers are finding the gang members, the drug dealers and the criminal aliens and throwing them the hell out of our country. And we will not let them back in. They're not coming back in, folks. They do, they're going to have bigger problems than they ever dreamt of.

I'm also working with the Department of Justice to begin reducing violent crime. I mean, can you believe what's happening in Chicago, as an example? Two days ago, seven people were shot. And I believe killed. Seven people. Seven people. Chicago. A great American city. Seven people shot and killed.

We will support the incredible men and women of law enforcement. Thank you and thank them.

I've also followed through on my campaign promise and withdrawn America from the Trans-Pacific Partnership so that we can protect our economic freedom. And we're going to make trade deals, but we're going to do one-on-one — one-on-one — and if they misbehave, we terminate the deal and then they come back and we'll make a better deal. None of these big quagmire deals that are disaster.

Just take a look at NAFTA, one of the worst deals ever made by any country having to do with economic development. It's economic un-development as far as our country is concerned.

We're preparing to repeal and replace the disaster known as Obamacare, we're going to save Americans from this crisis and give them the access to the quality health care they need and deserve.

We have authorized the construction one day of the Keystone and Dakota Access pipeline and issued a new rule — this took place while I was getting ready to sign — I said who makes the pipes from the pipeline? Well, sir, comes from all over the world, isn't that wonderful? I said, nope, comes from the United States or we're not building it. American steel. If they want a pipeline in the United States, they're going to use pipe that's made in the United States. Do we agree?

But can you imagine — I told this story the other day. Can you imagine the gentleman, never met him, don't even know the name of his country — I sort of know it but I want to get it exactly correct.

Big, big company. They spend hundreds of millions on the pipeline. They got their approvals everything in the case of Dakota, then all of a sudden they couldn't connect it because they had people protesting that never showed up before. Before with the Keystone — so they spend hundreds of millions of dollars with blood sucker consultants, sucking the blood out of the company, don't worry, I used them all my life, okay? Don't worry, I'm going to get it approved, I'm connected, I'm a lobbyist, don't worry.

Bottom line, Obama didn't sign it. Could be 42,000 jobs, somewhere around there. Didn't sign it. But can you imagine? He gave up. A year ago, it was dead. Now he's doing nothing, calling his wife, hello, darling, I'm a little bored, you know that pipeline project, that has killed us, that has killed our company. Knock, knock. Mr. So and so. The Keystone pipeline, sir, out of nowhere has just been approved. Can you imagine the expression? You know the sad part?

The same blood sucking consultants that hit him for all the money and failed, they're now going to go back to him and say didn't we do a great job? We want more money. That's the way the system works — a little bit off — but that's the way the system works.

We're preparing bold action to lift the restrictions on American energy, including shale oil, natural gas and beautiful, clean coal and we're going to put our miners back to work. Miners are going back to work. Miners are going back to work, folks. Sorry to tell you that, but they're going back to work. We have begun a historic program to reduce the regulations that are crushing our economy. Crushing.

And not only our economy, crushing our jobs because companies can't hire. We're going to put the regulation industry out of work and out of business. And, by the way, I want regulation. I want to protect our environment, I want regulations for safety, I want all of the regulations that we need and I want them to be so strong and so tough, but we don't need 75 percent of the repetitive regulations that hurt companies, hurt jobs, make us noncompetitive overseas with other companies from other countries, that we don't need. But we're going to have regulation. It's going to be really strong and really good and we're going to protect our environment and we're going to protect the safety of our people and our workers, okay.

Another major promise is tax reform. We are going to massively lower taxes on the middle class, reduce taxes on American business and make our tax code more simple and much more fair for everyone, including the people and the business. In anticipation of these and other changes, jobs are already starting to pour back into our country. You see that.

In fact, I think I did more than any other president. They say President-elect. President-elect is meeting with Ford, he's meeting with Chrysler, he's meeting with general motors. I just wanted to save a little time because Ford and Fiat Chrysler, General Motors, Sprint, Intel and so many others are now because of the election result making major investments in the United States, expanding production and hiring more workers. And they're going back to Michigan and they're going back to Ohio and they're going back to Pennsylvania and they're going back to North Carolina and to Florida.

It's time for all Americans to get off of welfare and get back to work. You're going to love it. You're going to love it. You are going to love it.

We're also putting in a massive budget request for our beloved military. And we will be substantially upgrading all of our military, all of our military, offensive, defensive, everything. Bigger and better and stronger than ever before and hopefully we'll never have to use it but nobody's going to mess with us, folks. Nobody. It will be one of the greatest military buildup in American history. No one will dare question, as they have been, because we're very depleted, very, very depleted sequester. Nobody will question our military might again.

We believe in peace through strength and that's what we will have. As part of my pledge to restore safety for the American people, I have also directed the defense community to develop a plan to totally obliterate ISIS. Working with our allies, we will eradicate this evil from the face of the Earth.

At the same time, we fully understand that national security begins with border security. Foreign terrorists will not be able to strike America if they cannot get into our country. And, by the way, take a look at what's happening in Europe, folks. Take a look at what's happening in Europe. I took a lot of heat on Sweden. And then a day later I said has anybody reported what's going on? And it turned out that they didn't — not too many of them did.

Take a look at what happened in Sweden. I love Sweden. Great country, great people, I love Sweden. They understand I'm right. The people there understand I'm right. Take a look at what's happening in Sweden. Take a look at what's happened in Germany. Take a look at what's happened in France. Take a look at Nice and Paris.

I have a friend, he's a very, very substantial guy, he loves the city of lights. He loves Paris. For years every year during the summer he would go to Paris. It was automatic. With his wife and his family. Hadn't seen him in a while. And I said, Jim, let me ask you a question, how's Paris doing? Paris? I don't go there anymore. Paris is no longer Paris. That was four years, four, five years hasn't gone there. He wouldn't miss it for anything. No he doesn't even think in terms of going there.

Take a look at what's happening to our world, folks. And we have to be smart. We have to be smart. We can't let it happen to us. So let me state this as clearly as I can, we are going to keep radical Islamic terrorists the hell out of our country.

We will not be deterred from this course, and in a matter of days we will be taking brand new action to protect our people and keep America safe. You will see the action. I will never, ever apologize for protecting the safety and security of the American people. I won't do it. If it means I get bad press, if it means people speak badly of me, it okay, it doesn't bother me.

The security of our people is number one, is number one. Our administration is running with great efficiency, even though I still don't have my cabinet approved. Nobody mentions that. Do you know I still have people out there waiting to be approved. And everyone knows they're going to be approved. It's just a delay, delay, delay. It's really sad. It's really sad. And these are great people. These are some great people.

We still don't have our cabinet. I assume we're setting records for that. That's the only thing good about it, we're setting records. I love set being records. But I hate having a cabinet meeting and I see all these empty seats.

I say Democrats, please, approve our cabinet and get smart on health care, too, if you know me. But we're taking meetings every day with top leaders in business, in science and industry. Yesterday I had 29 of the biggest business leaders in the world in my office. Caterpillar Tractor, Campbell soup, we had everybody. We had everybody. I like Campbell soup. We had everybody. And we came to a lot of very good conclusions and a lot of those folks that are in that room are going to be building big, big massive new plants and lots of jobs. You know what? They're going to be building them in this country and not in some other countries. We're meeting with unions, meeting with law enforcement and leaders from all around the world. They're going to be building them in this country and not in some other countries.

We're meeting with unions, meeting with law enforcement and leaders from all around the world. Where the White House doors — they were closed, folks, you don't realize that, they were closed — they're now wide open and they're open for people doing business for our country and putting people to work. And when they come into the White House, we're translating these meetings into action.

One by one we're checking off the promises we made to the people of the United States. One by one. A lot of promises. And we will not stop until the job is done. We will reduce your taxes, we will cut your regulations, we will support our police, we will defend our flag.

We will rebuild our military. We will take care of our great, great veterans. We're taking care of our veterans. We will fix our broken and embarrassing trade deals that are no good. None of them. You wonder where did the people come from that negotiated these deals? Where did they come from?

Well, they came also from campaign contributions, I must be honest with you. They're not as stupid as you think. We will cut wasteful spending. We will promote our values. We will rebuild our inner cities. We will bring back our jobs and our dreams. So true. So true. And, by the way, we will protect our Second Amendment.

You know, Wayne and Chris are here from the NRA, and they didn't have that on the list. It's lucky I thought about it. But we will indeed. And they're great people. And, by the way, they love our country. They love our country. The NRA has been a great supporter. They love our country.

The forgotten men and women of America will be forgotten no longer. That is the heart of this new movement and the future of the Republican party. People came to vote and these people, the media, they said where are they coming from? What's going on here? These are hardworking, great, great Americans. These are unbelievable people who have not been treated fairly. Hillary called them deplorable. They're not deplorable. Who would have thought that a word was going to play so badly? That's the problem in politics. One wrong word and it's over. She also said irredeemable, but we won't mention that.

The GOP will be from now on the party also of the American worker. You know, we haven't been as a group given credit for this, but if you look at how much bigger our party has gotten during this cycle, during the early days when we had 17 people running, the primaries, millions and millions of people were joining. I won't say it was because of me but it was, okay? And we have an amazing, strong, powerful party that truly does want to see America be great again and it will see it and it's going to see it a lot sooner than you think, believe me.

A lot sooner than you think. We will not answer to donors or lobbyists or special interests, but we will serve the citizens of the United States of America, believe me. Global cooperation, dealing with other countries, getting along with other countries is good. It's very important, but there is no such thing as a global anthem, a global currency or a global flag. This is the United States of America that I'm representing. I'm not representing the globe. I'm representing your country.

There's one allegiance that unites us all, and that is to America. America. It's the allegiance to America. No matter our background or income or geography, we're all citizens of this blessed land, and no matter our color or the blood, color of the blood we bleed, it's the same red blood of great, great patriots. Remember great patriots. We all salute with pride the same American flag and we all are equal, totally equal in the eyes of almighty god. We're equal.

Thank you. And I want to thank, by the way, the evangelical community, the Christian community, communities of faith. Rabbis and priests and pastors, ministers because the support for me was a record, as you know, not only in terms of numbers of people but percentages of those numbers that voted for trump. So I want to thank you folks. It was amazing, an amazing outpouring and I will not disappoint you. As long as we have faith in each other and trust in god, then there is no goal at all beyond our reach.

There is no dream too large, no task too great, we are Americans and the future belongs to us — the future belongs to all of you. And America is coming about, it's and it's coming back and it's roaring and you can hear it. It's going to be bigger and better. It is going to be, it is going to be. Remember. And it's roaring. It's going to be bigger and better and stronger than ever before.

I want to thank you and Matt and Mercedes, I want to thank the two of you, and all of the supporters I have all over the place, you are really great people. I want to thank you. And I want to say to you god bless you and god bless the United States of America.

Thank you, folks. Thank you. Thank you."