In his latest live interview with Elon Musk, former President Donald Trump made headlines with bold statements about current economic and environmental issues. Trump claimed that gasoline prices have surged by 150% under Joe Biden's administration and emphasized the need for lower energy costs. He also reflected on the success of businesses during his presidency and suggested Elon Musk explore solar-powered cars to address global warming, while highlighting "nuclear warming" as a more pressing threat. Dive into the full interview to hear Trump's insights and proposals on these critical topics!
#DonaldTrump #ElonMusk #GasPrices #TrumpInterview #BusinessUnderTrump #SolarCars #GlobalWarming #NuclearWarming #EconomicPolicy
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#DonaldTrump #ElonMusk #GasPrices #TrumpInterview #BusinessUnderTrump #SolarCars #GlobalWarming #NuclearWarming #EconomicPolicy
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NewsTranscript
00:00Inflation comes from government overspending, because the checks never bounce when it's
00:03written by the government.
00:04So if the government spends far more than it brings in, that increases the money supply,
00:11and if the money supply increases faster than the rate of goods and services, that's inflation.
00:17So really, we need to reduce our government spending, and we need to re-examine.
00:24I think we need a government efficiency commission to say, like, hey, where are we spending money
00:29that's sensible, where is it not sensible, and we need to live within our means.
00:34We're currently adding, I think, a trillion dollars to the deficit every, roughly every
00:40hundred days.
00:41That's right.
00:42And the interest payments on the national debt have now exceeded the defense budget.
00:47It's on the order of a trillion dollars.
00:49It's interest.
00:50And it keeps growing.
00:51I rebuilt our military, largely rebuilt our military, did a great job on it, which was
00:55so important.
00:56We had jets, we had fighters that were, and bombers that were 70 years old.
01:01We did a great job on that.
01:02Then we, by the way, then we gave $85 billion of it back to Afghanistan, if you can believe
01:07it.
01:08We gave them $85 billion.
01:09You know, they're one of the largest sellers of military equipment in the world.
01:13They're selling what we gave them.
01:15That was one of the most embarrassing days in the history of our country.
01:19But if you think about, let's go back to the economy.
01:24We have to bring energy prices down.
01:27Energy started it.
01:28The price of gasoline, now, your cars don't require too much gasoline, so, you know, you
01:33have a good, and you do make a great product, I have to say, I have to be honest with you.
01:37That doesn't mean everybody should have an electric car, but these are minor details.
01:41But your product is incredible.
01:44But the gasoline, Elon, is the cost of energy.
01:48Not only gasoline, it's the cost of heating your house and cooling your house.
01:52That has to come down.
01:55It's gone up 100 percent, 150 and 200 percent, and that has to come down.
02:01When that comes down, and we're going to drill, baby, drill.
02:03You know, they stopped drilling, and then they went back to drilling, because they went
02:08back to the Trump policy.
02:10But if they won, the day after they get into office, we're going to, this country will
02:15go out of business, because they're going to go to an energy policy that's not sustainable.
02:20Wind and different things, you're not going to have anything.
02:24And I know you're a big fan of the A.I., and I have to say that A.I., and this is shocking
02:30to me, but A.I. requires twice the energy that the country already produces for everything.
02:37So you're going to have to build, we're going to have to build a lot of energy if our country
02:41will be competitive with China, because that's our primary competitor for this on the A.I.
02:47You're going to need a lot of electricity.
02:49You're going to need tremendous electricity, like, almost double what we produce now for
02:55the whole country, if you can believe it.
02:57Sure.
02:58Well, just going back to this, like, this basic thing, which is that people try to make
03:04it sound complicated, but it's not, but inflation is caused by government overspending.
03:09Would you agree that we need to take a look at government spending and have perhaps a
03:15government efficiency commission that just tries to make the spending sensible and so
03:21the country lives within its means, just like a person does?
03:23The waste is incredible, and nobody negotiates prices.
03:29You used to have a lot of people making jets, and you end up with two companies, and they'll
03:33probably try and merge at some point.
03:35I mean, I wiped through it.
03:38Like Air Force, just a thing like Air Force One, one of the first documents they asked
03:42me to sign, a general, I said, sir, will you please sign this document?
03:45What is it?
03:46Air Force One.
03:47That's with Boeing, which is basically two planes, two 747s.
03:51And the price was $5.7 billion for two planes.
03:55Now they're highly sophisticated, even nicer than your plane, OK?
03:59But much more sophisticated.
04:00They're very, I won't say what's on it, but they got a lot of stuff on it anyway.
04:04But it's 5.7.
04:05That's a crazy number.
04:08But I said, I'm not going to pay 5.7.
04:10I'm not going to do it.
04:11I said, who made the deal?
04:12Obama and his people.
04:13I said, well, then I know the deal's no good.
04:15I'm not going to do it.
04:17And over a course of about four weeks, by my saying I'm not going to do it, I got the
04:22price reduced by $1.6 billion for the exact same plane, other than we had a nicer paint
04:28job, if you want to know the truth, but for the exact same plane.
04:32I got, I saved, and I said to Boeing, man, you guys must make a lot of money if you can
04:36reduce the price by that.
04:38But now what I do here is that they're going back to the Biden administration and wanting
04:44big cost overruns, you know, because they see these dopey suckers in there and they'll
04:49end up getting some of the money back.
04:51But I saved it by $1.6 billion for the exact same plane.
04:55And you can now take that and multiply that out times thousands of other items.
05:00Multiply it by a billion.
05:02Yeah, the numbers are astronomical.
05:03I agree with you.
05:05Don't miss out.
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