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Trump Taps Elon Musk and Vivek for DOGE!!! [Government Efficiency]

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FULL TRANSCRIPT

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wow so Donald Trump just announced that

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VI and Elon Musk are going to be on the

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department of governmental efficiency

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Department I don't in other words Doge

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uh Donald Trump calls this the Manhattan

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Project of our age which is a throwback

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to the development of the atomic bomb

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remember the two bombs that were dropped

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on Japan Hiroshima and Nagasaki this

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this is basically Donald Trump saying

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this is a

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groundbreaking Century blockbusting

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change of government function now

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personally I get it we all look we're

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like ah government really

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efficient I'm going to separate

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government efficiencies and

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inefficiencies and our opinions about

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government efficiencies and what we

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think about uh you know uh the DMV and

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all that for a moment and and I'm going

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to go from a different angle I'm going

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to go from the onist angle just for a

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moment let's say if we have a$ 6.5

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trillion budget as Donald Trump has

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referenced here over 10 years that means

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our government is spending $60

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trillion let's now say that Viv and Elon

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recommend which they can recommend a lot

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of things and they probably will that

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doesn't mean that Donald Trump is going

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to implement all of those things it's

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just sort of advisory role it's a title

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it gets you you know reputation within

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the white house within government it's

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cool but let's say they're able to

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eliminate 10% I think they'll probably

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try to recommend a whole lot more

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they'll probably over the next 10 years

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out of a 60 and a half and the budget

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will go up too right at the end of 10

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years you'll probably be at like a

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hundred trillion dollar total budget

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which is crazy for 10 years crazy to

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think about that uh that's 6 and a half

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per year times 10 with a lot of growth

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it just keeps going so think about that

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for a moment let's say they eliminate

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10% of that total just to make it easy

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10

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Trill not all of that is going to be

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labor usually our payroll costs when we

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think about Contracting are going to be

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about 50% for labor 50% for material

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this is how you know I'm in real estate

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okay how much is that paint paint job

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going to

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cost 3,000 bucks in paint call it 3K in

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labor add some Biden inflation in there

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all right maybe 4K labor all right fine

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so in that case you're talking about

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cutting $5 trillion of

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labor now the velocity of money not of

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savings not of stock Investments but the

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velocity of money of income that people

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receive assuming let's say everybody

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that is getting cut works and

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unfortunately lives paycheck to

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paycheck that means 50% or5 trillion

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getting cut over a 10year period times a

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velocity of money of four means we are

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cutting about $2 trillion 5 Time 4

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that's because every dollar somebody

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earns and spends is worth about five to

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$45 of GDP in the economy right you

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spend a dollar you spend it on a hot dog

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that person goes and buys the material

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that person hires people they spend

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money right that's the velocity cycle

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anyway if again 10 100 trillion over 10

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years you cut half of it uh or half of

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10% of it that's 5 Trill velocity of

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money times 4 that means cutting the

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effective GDP impact of about 20

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trillion over a 10-year period that is

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the equivalent of cutting one full year

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of GDP out of the economy now the thesis

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is if the government runs leaner and

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this is where it gets confusing and then

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I got to go bowling you can actually

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step out for a second if you don't mind

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here Lauren you want to come on

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out all

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right take a look by the way at this

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awesome wrap we've got here we got the

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beautiful beautiful matte black wrap uh

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look at this it is so

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sweet love this really like this a lot

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but anyway think about this oh it's so

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awesome uh Lauren would you mind paying

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the little terminal here so think about

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this for a moment

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if you cut one year of GDP out you're

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guaranteeing a recession unless of

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course you offset that via a lot of tax

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cuts because now the government needs to

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take in less money and why did that open

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I don't know why that open oh it's like

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it's got like the little Auto sensor

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that thinks I wanted open okay Elon

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anyway if you can now offset that by

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collect ing that much less money in

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taxes and people spend the money that

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they're saving in taxes then you can

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keep the economy going

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so it could work and my whole point of

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this is to say there are two things you

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have to consider here it's not just

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cutting but it's what happens after

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those cuts are you cutting and then

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reducing your taxes or are you taking

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that money and then just paying off

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government debt now I'm not saying

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paying off government debt is a bad idea

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you could do that but that would be a

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lot more recessionary than cutting taxes

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so best case scenario you if you cut you

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cut you lower taxes now businesses are

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hopefully incentivized to hire people

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who are late off because cutting $5

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trillion of Labor over 10 years is going

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to affect a lot of jobs I mean think

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about it

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10% of potential federal government

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workers that's a lot I mean we've

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already heard they might consider

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getting rid of the Department of

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Education Donald Trump's fluctuated on

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this one because he's had some ideas

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around okay well if we get rid of the

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Department of Education some states are

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still going to need help some states are

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better at education than others

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California by the way highest tax rates

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next to Manhattan in the country yet

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we're in the bottom 20% of schools

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schools need a lot of help uh that's why

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when I ran for governor I ran on the

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idea of uh you know the premise the plan

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of what we call F fut schools trade

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schools Tech skills a lot of financial

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education our school

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anyway so what ends up coming out of

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this plan is going to be or this sort of

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Doge if you will is going to be really

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interesting because it needs to be

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comprehensive it's not just all right

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kill the FBI and kill the doe fine who's

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going to pick it up how are we going to

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establish something better you can't

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just as they said with Healthcare you

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can't just repeal you have to repeal and

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replace so how are you going to do that

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with the doe do you then just provide

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more funding to the States but then are

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states just taking that money and then

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hiring the same government workers that

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you had hired and then you really didn't

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save any money because now you're

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potentially at a federal level giving

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more of that money to States and it's

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still in the hands of government really

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you really haven't changed anything so

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there are a lot of questions here but I

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will say if there's anybody who knows

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how to cut it's Elon Musk because we saw

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what he did at Twitter everybody said

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Twitter was going to die and crash he

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cut 80% of the staff yeah he had to hire

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some people back which it's a little

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embarrassing but but gr schema thinks he

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did it he pulled it off so good for him

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like awesome he is he was he riding a

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ship but the platform is pretty dang

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good I mean obviously it's tilted a

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little to the right but dang it's it's a

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pretty good platform I like it and and I

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support it where I pay for the little

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yellow check mark like 1,000 or 1100

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bucks or whatever it is a month mostly

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just because I want to support Elon I

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want to be there for this cause I'm a

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fan of free speech I'm a

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Believer and then VI you know he took

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real vant public and uh I think he's a

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great salesperson I'm not the biggest

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fan of you know how they they uh I can't

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remember what the drug was but we did a

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whole video breaking down how they

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basically took a drug that was a failure

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repackaged the marketing they kind of

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knew it was going to S fail uh and and

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ipoed it uh and then a lot of people

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cost a lot of money in that so I'm not

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wasn't the biggest fan of that we have a

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separate video on that but I think he's

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a very intelligent person obviously

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speaks very eloquently and I I think him

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and Elon

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together I think they're going to do

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great work and I'm really excited to see

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what the recommendation is but not just

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where the cuts and that's the hard part

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about this you can't just come in and

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say cut cut cut cut cut you got to also

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say all right are we now going to offset

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that by lowering taxes grants to state

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governments where's that the devil's

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going to be in the details on this one

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but very interesting so I have to say

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like if I had to put a little emotion on

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this I'd say um you know feeling

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optimistic and kind of excited to see

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what happens I'll I'll put it that way

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anyway uh if any of this gets you

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excited uh make sure you sign up for the

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free Alpha report meet kevin.com Alpha

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every morning at 6:15 in the morning in

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your text in your email we'll see you

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there tomorrow at 6:15 that'll be after

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CPI comes out so it'll be entertaining

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see you bye

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