Peter Thiel: 'I'm Proud to Be Gay, I'm Proud to Be a Republican'

Silicon Valley businessman says he doesn't believe in all of the party's platforms, but he does believe that Donald Trump is the only honest candidate.
5:53 | 07/21/16

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Transcript for Peter Thiel: 'I'm Proud to Be Gay, I'm Proud to Be a Republican'
Peter TL. I build companies and I support people who are building new things from social networks to rocket ships. I'm not a politician. But neither is Donald Trump. He is a builder and it's time to rebuild America. And. Right where I work in Silicon Valley it's hard to see where America has gone wrong. My industry has made a lot of progress in computers added software and of course it's made a lot of money. But Silicon Valley is a small place light up to Sacramento. Or even across the bridge to Oakland. You won't see the same prosperity. That's just how small it is. Across the country wages are flat. Americans get paid less today than ten years ago but health care and college tuition cost more every year. Meanwhile Wall Street bankers and Blake bubbles in everything from government bonds to Hillary Clinton speaking peace. Okay. Our economy is broken. If you're watching me right now you understand this better than any politician in Washington DC. And you know this isn't the dream we look forward to. When my parents came to America looking for that three they found it right here in Cleveland. I. They brought me here as a one year old. As well I became an American. Was everywhere. Mike that studied engineering at Case Western Reserve University. Just. Are now. 68. The world's high tech capital wasn't just want city all of America was high tax. Aren't remember this but our government once was once I tacked to. When I moved to Cleveland defense research was laying the foundations for the Internet. Hit all of program was just about them. And it was Neil Armstrong. From right here in Ohio. The future held limitless. But today our government is broken. Our nuclear bases still use floppy disks. Our newest fighter jets can't. Even fly in the rain. Kind state government software works poorly because much of the time. It doesn't even work at all. That is ace. It's a staggering decline for the country that completed the Manhattan Project. We don't accept such incompetence Silicon Valley and we must not except that from our government. Okay. Instead of going to Mars we have invaded the Middle East. We don't need to see Hillary Clinton's deleted emails. Her and competence is in plain sight. She puts. She pushed world war. Leah and today it's a training ground for crisis. On this most important issue Donald Trump is right. It's time. It's time and here up stupid wars and rebuild our country. A. The great debate was about how to defeat the Soviet Union. And we want. Now we are told that great debate is about who gets to use which battles. The distraction from. From our real problems. Kerry's. Of course every American has a unique identity. I am proud to be gay I am proud to be a rough. Crowds of the enemy. And agreed with every plank in our party's plot. But they culture wars only distract us from our economic decline. And nobody. In this race is. Is being honest about it except Donald Trump. While it is spending to talk about who we are. Today it's even more important to remember where we came from. For me that as Cleveland. And the bright future it promised. When Donald Trump asked doesn't make America great again he's not suggesting a return to the past. He's running to lead us back to that bright future. Tonight I urge all of my fellow Americans to stand up and vote for Donald Trump.

This transcript has been automatically generated and may not be 100% accurate.

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