JD Vance: This was a HUGE political mistake

[0:00] MR. VICE-PRESIDENT, GREAT TO SEE YOU AGAIN. [0:02] GOOD TO SEE YOU. [0:02] WELCOME. [0:02] I APPRECIATE YOU. [0:03] HOW ARE YOU DOING? [0:04] THANKS FOR SITTING OUT. [0:05] WELL, I GUESS WE START WITH A LITTLE GOOD NEWS. [0:07] YEAH. [0:08] GOVERNMENT IS OPEN. [0:09] THAT'S RIGHT. [0:09] OKAY. [0:10] LONGEST SHUTDOWN IN HISTORY. [0:12] CAN YOU TELL ME WHAT THE POINT OF ALL THAT WAS? [0:15] I WISH THAT I KNEW, SEAN, BECAUSE HERE'S WHAT THE DEMOCRATS ACTUALLY [0:18] ACCOMPLISHED. [0:19] THEY CAUSED A LOT OF STRESS FOR OUR TROOPS. [0:21] THEY MADE OUR AIR TRAFFIC CONTROLLERS NOT GET PAID. [0:24] THEY CAUSED A LOT OF FLIGHT CANCELLATIONS. [0:25] THEY HAD A LOT OF PEOPLE THINKING THEY WEREN'T GOING TO GET THEIR [0:28] FOOD BENEFITS. [0:29] ALL FOR LITERALLY NOTHING, SEAN, BECAUSE WE COULD HAVE STRUCK THIS [0:33] EXACT DEAL 45 DAYS AGO. [0:35] IN FACT, WE MET WITH HAKIM JEFFRIES AND CHUCK SCHUMER AND SAID, [0:38] WE WILL PASS THIS EXACT DEAL. [0:40] THEY SAID NO. [0:41] THEY PUT THE AMERICAN PEOPLE THROUGH A TON OF PAIN AND SUFFERING [0:44] FOR NOTHING. [0:46] AND WE KNEW THIS WAS GOING TO HAPPEN, SEAN. [0:47] WE KNEW. [0:48] THE PRESIDENT OF THE UNITED STATES SAID EVERY SINGLE DAY, [0:50] EVENTUALLY THE DEMOCRATS ARE GOING TO REALIZE THIS IS AN ABSURD [0:53] POSITION, WE'VE GOT TO REOPEN THE GOVERNMENT, AND THAT'S WHAT [0:56] THEY DID. [0:57] AS BAD AS IT WAS GETTING, I'M TRYING TO COMPREHEND THE [1:00] THINKING BEHIND THIS, EXCEPT FOR EIGHT DEMOCRATS IN THE SENATE [1:04] AND SIX IN THE HOUSE, THEY WANTED IT TO CONTINUE, AND THERE'S [1:08] REAL PALPABLE ANGER THAT IT DIDN'T CONTINUE. [1:12] I THINK CHUCK SCHUMER'S COOKED AS A RESULT, EVEN THOUGH HE DID [1:16] EVERYTHING THAT HIS BASE WANTED. [1:17] YEAH. [1:17] SO LET ME SAY A COUPLE THINGS. [1:18] FIRST OF ALL, I DO GIVE A LOT OF CREDIT FOR THE MODERATE [1:20] DEMOCRATS IN THE SENATE WHO WERE WITH US FROM THE VERY BEGINNING, [1:23] BECAUSE IF YOU REMEMBER THE ORIGINAL BILL TO KEEP THE [1:25] GOVERNMENT OPEN BEFORE THE SHUTDOWN EVEN STARTED, THERE WERE [1:28] 52 GOP SENATORS, THREE DEMOCRATIC SENATORS. [1:31] THEY RECOGNIZED WHERE THIS WAS GOING, THEY RECOGNIZED WHAT WAS IN [1:33] THE BEST INTEREST OF THE COUNTRY. [1:35] BUT I THINK, SEAN, THERE ARE SO MANY FAR LEFT PEOPLE WHO RUN THE [1:40] DEMOCRATIC PARTY IN WASHINGTON, D.C., THEY JUST WANT TO BURN IT [1:42] DOWN. [1:43] THEY DON'T CARE IF THE TROOPS DON'T GET PAID. [1:45] THEY DON'T CARE IF YOU CAUSE BILLIONS OF DOLLARS OF LOST [1:47] PRODUCTIVITY. [1:48] THEY DON'T CARE IF YOU SHUT DOWN THE AIRLINE INDUSTRY, WHICH [1:50] THEY WERE VERY CLOSE TO DOING. [1:52] THEY JUST WANT TO GET TRUMP. [1:53] AND THEY DON'T CARE IF THEY HAVE TO BURN THE ENTIRE COUNTRY DOWN IN [1:57] ORDER TO GET TRUMP. [1:58] THAT'S WHAT THEY WANT TO DO. [1:59] AND I THINK THAT IT SHOWS HOW STUPID THAT APPROACH IS POLITICALLY, [2:03] BECAUSE NORMALLY YOU WOULD EXPECT THE PRESIDENT OF THE UNITED [2:06] STATES TO GET BLAMED FOR A SHUTDOWN. [2:08] THE AMERICAN PEOPLE WERE SMART ENOUGH TO RECOGNIZE THAT THE [2:11] DEMOCRATS WERE THE ONES WHO WERE SORT OF HOLDING THIS HOSTAGE. [2:15] THEY WERE SAYING THAT UNLESS YOU GIVE US EVERYTHING THAT WE WANT, [2:18] UNLESS YOU GIVE US $1.5 TRILLION OF BENEFITS, HEALTHCARE FOR [2:21] ILLEGAL ALIENS, WE'RE GOING TO DESTROY THE COUNTRY, WE'RE GOING TO [2:24] KEEP THE GOVERNMENT SHUTDOWN INDEFINITELY. [2:25] I THINK THE PRESIDENT RECOGNIZED EVENTUALLY THE AMERICAN PEOPLE ARE [2:28] GOING TO RECOGNIZE THIS IS THE DEMOCRATS DOING THIS. [2:32] THE DEMOCRATS, I THINK, MADE A HUGE POLITICAL MISTAKE BY [2:35] CONTINUING TO PUSH FOR ALL OF THESE CRAZY THINGS, AND THEY SAID IF [2:39] YOU DON'T GIVE US ALL THESE CRAZY THINGS, WE'RE GOING TO KEEP THE [2:42] GOVERNMENT SHUTDOWN. [2:43] IT WAS POLITICALLY STUPID, BUT YOU'RE RIGHT. [2:45] I DON'T UNDERSTAND THE PSYCHOLOGY OF A DEMOCRAT WHO SAYS WE'D LIKE TO [2:50] BURN THE COUNTRY DOWN IN ORDER TO GET DONALD TRUMP, BUT [2:53] UNFORTUNATELY IT JUST DRIVES HOME THAT THAT'S WHAT THEIR PARTY IS [2:55] ABOUT. [2:56] THAT WAS THE THING, 1.5 TRILLION, HUNDREDS OF [2:59] BILLIONS OF DOLLARS FOR HEALTH CARE FOR ILLEGALS, DEI PROGRAMS [3:03] ABROAD, NPR, PBS, TO FUND THEM ONCE AGAIN, AND I'M LIKE, THAT'S THE [3:09] HILL YOU WANT TO DIE ON. [3:10] DURING THE PROCESS, AT ANY POINT, DID ANY DEMOCRAT, ANY LEADER, DID [3:14] YOU HAVE CONVERSATIONS WITH THEM SAY, WORK THIS OUT WITH ME? [3:19] DID THAT HAPPEN BEHIND THE SCENES THAT NOBODY KNOWS ABOUT? [3:22] OF COURSE, PRIVATELY WE WERE HAVING CONVERSATIONS ALL THE [3:24] TIME, AND FRANKLY, PRIVATELY THE DEMOCRATS WOULD RECOGNIZE THE [3:28] POSITION OF THEIR FAR LEFT WAS CRAZY, BUT THEY ALL FEEL A LITTLE [3:31] BIT LIKE THEY'RE BEING HELD HOSTAGE BY THEIR FAR LEFT. [3:33] YOU SAID IT VERY WELL, CHUCK SCHUMER, THIS PROBABLY ENDED [3:36] HIS CAREER, AND HE WAS THE PERSON WHO WAS FIGHTING MORE THAN [3:41] ANYBODY TO KEEP THE GOVERNMENT SHUT DOWN. [3:43] SO THE FAR LEFT, THEY'RE NEVER GOING TO BE SATISFIED UNLESS THE [3:47] DEMOCRATS ARE WILLING TO BURN DOWN THE ENTIRE COUNTRY. [3:49] LUCKILY, THERE WERE A FEW MODERATE DEMOCRATS WHO ALLOWED REASON TO [3:52] PREVAIL. [3:53] WE HAVE TO STEP BACK AND REMEMBER HOW CRAZY THE DEMANDS WERE. [3:57] THEY WANTED $1.5 TRILLION, A LOT OF THAT HEALTHCARE BENEFITS FOR [4:02] ILLEGAL ALIENS. [4:03] THEY WANTED US TO UNDO ALL OF THE GREAT BORDER POLICY THAT WE'VE BEEN [4:05] DOING. [4:06] THEY WANTED US TO REFUND, LIKE YOU SAID, NPR AND PBS. [4:09] THEY WERE BASICALLY SAYING THAT WE WANT THE FAR LEFT'S PRIORITIES TO [4:13] DOMINATE IN THE TRUMP ADMINISTRATION. [4:15] AND UNLESS THAT HAPPENS, WE'RE GOING TO SET THE ENTIRE COUNTRY ON [4:18] FIRE. [4:19] A REALLY DISGRACEFUL MOMENT FOR THE FAR LEFT OF THE DEMOCRATS, AND [4:22] FRANKLY, A VERY REVEALING MOMENT FOR THE AMERICAN PEOPLE. [4:25] BECAUSE WHAT WERE THEY ASKING, SEAN? [4:27] THEY WEREN'T SAYING THAT WE WANT TO DO GREAT THINGS FOR THE AMERICAN [4:30] PEOPLE. [4:31] THEY WEREN'T TALKING ABOUT JOBS. [4:32] THEY WEREN'T TALKING ABOUT HEALTH CARE. [4:34] THEY WERE TALKING ABOUT GIVE US $1.5 TRILLION FOR HEALTH CARE [4:38] BENEFITS FOR ILLEGAL ALIENS. [4:39] UNLESS YOU DO THAT, WE'RE GOING TO MAKE IT IMPOSSIBLE FOR YOU TO [4:42] FLY HOME TO SEE YOUR FAMILY ON THANKSGIVING. [4:44] IT'S JUST CRAZINESS THAT THAT WAS EVER THEIR POSITION, BUT IT WAS. [4:48] WILL WE GET IT BACK UP AND RUNNING FAST? [4:50] YOU KNOW, IT'S GOING TO TAKE A LITTLE BIT OF TIME TO GET [4:53] EVERYTHING FULLY UP AND RUNNING. [4:54] THEY ACTUALLY BROUGHT THE BILL OVER TO MY HOUSE LAST NIGHT AROUND 9 [4:58] O'CLOCK TO SIGN IT BECAUSE AS THE PRESIDENT OF THE SENATE I HAD [5:03] TO SIGN IT FOR THE SENATE. [5:04] MIKE JOHNSON SIGNED IT FOR THE HOUSE AND THEN OF COURSE THE [5:06] PRESIDENT OF THE UNITED STATES HAD TO SIGN IT INTO LAW. [5:08] IT'S LIKE OVEREATING BILLS FROM CONGRESS? [5:09] THAT'S RIGHT. [5:10] BASICALLY. [5:11] I MEAN, THE PARLIAMENTARIAN, THE SENATE [5:13] PARLIAMENTARIAN WAS DRIVING AROUND IN AN UBER GOING FROM [5:15] PLACE TO PLACE TO GET THIS THING SIGNED. [5:17] BUT I ACTUALLY, I HAD THIS CONVERSATION WITH THE PRESIDENT [5:19] YESTERDAY AFTERNOON. [5:20] HE SAID, ASSUMING THE HOUSE IS ABLE TO GET THIS DONE, DO YOU [5:22] WANT TO SIGN THIS TOMORROW MORNING? [5:24] HE SAID, NO, I WANT TO SIGN IT TONIGHT BECAUSE THE ONLY WAY TO [5:27] GET THE PEOPLE'S GOVERNMENT TURNED BACK ON AS QUICKLY AS [5:29] POSSIBLE WAS TO SIGN THE BILL AS QUICKLY AS POSSIBLE. [5:32] BUT, YOU KNOW, IT GOES TO SHOW THE ENTIRE TIME, THE [5:35] PRESIDENT, THE ENTIRE ADMINISTRATION, WE WERE FOCUSED ON [5:38] GETTING THE GOVERNMENT TURNED BACK ON, GETTING CRITICAL [5:41] SERVICES ACTUALLY FUNDED SO THE GOVERNMENT COULD [5:43] FUNCTION FOR THE AMERICAN PEOPLE. [5:45] THE DEMOCRATS WERE FOCUSED ON, WE WANT TO TAKE YOU HOSTAGE, [5:50] WE WANT TO MAKE IT HARD FOR YOU TO GET HOME TO SEE YOUR FAMILY [5:52] ON THANKSGIVING SO THAT WE CAN GIVE YOUR HEALTHCARE BENEFITS [5:55] TO ILLEGAL ALIENS. [5:56] WHAT AN INCREDIBLE JUXTAPOSITION OF PRIORITIES. [5:58] WE CARE ABOUT AMERICANS, THEY CARE ABOUT ILLEGAL ALIENS. [6:01] THAT'S BEEN TRUE FOR YEARS. [6:03] THEY MADE IT SUPER CLEAR WITH THIS GOVERNMENT SHUTDOWN FIGHT. [6:06] LET'S TALK ABOUT OBVIOUSLY THE ECONOMY IS ALWAYS [6:09] FRONT AND CENTER FOR MOST AMERICANS. [6:11] I WOULD ARGUE THAT FOUNDATIONALLY EVERYTHING SET. [6:16] TRILLIONS OF DOLLARS OF COMMITTED MONEY FOR [6:18] MANUFACTURING, LARGEST TAX CUTS IN HISTORY. [6:21] IT TOOK QUITE A WHILE, OVER A YEAR AND A HALF, FOR THE REAGAN [6:25] TAX CUTS TO KICK IN. [6:26] THAT'S RIGHT. [6:27] ENDED UP WITH 21 MILLION NEW JOBS, [6:29] LONGEST PERIOD PEACE TIME ECONOMIC GROWTH. [6:31] PRESIDENT TRUMP NOW HAS GIVEN US THE LARGEST TAX CUTS IN HISTORY. [6:34] NO TAX TIPS, SOCIAL SECURITY, OVERTIME. [6:36] THEN YOU ADD THE ENERGY COMPONENT. [6:42] SO FOR PEOPLE NOW THAT MAYBE ARE STILL SUFFERING FROM THE BIDEN [6:47] HARRIS ECONOMIC HANG OVER, WHEN DO WE REALLY SEE THE ENGINE OF THE [6:53] ECONOMY START TO TAKE OFF? [6:55] SOME OF IT IS ALREADY STARTED, SEAN, BUT SOME OF IT IS GOING TO [6:58] TAKE A LONG TIME, BECAUSE WE INHERITED A DISASTER. [7:01] WE INHERITED THE HIGHEST PEACE TIME DEBT AND DEFICITS IN THE [7:04] HISTORY OF THE UNITED STATES OF AMERICA. [7:06] WE INHERITED THE WORST INFLATION CRISIS IN AT LEAST THE LAST 40 [7:10] YEARS, AND I THINK PROBABLY LONGER. [7:12] SO A LOT OF AMERICANS, WHEN WE TOOK OVER, THEY WERE STRUGGLING. [7:16] THEY EITHER WERE UNDEREMPLOYED OR THEY DIDN'T HAVE A JOB [7:18] ALTOGETHER. [7:19] THEIR WAGES HAD BEEN STAGNANT. [7:21] AND THE PRESIDENT OF THE UNITED STATES SAID THE MOST IMPORTANT [7:25] THING THAT WE HAVE TO FIX IS FOR PEOPLE TO BE ABLE TO LIVE A [7:27] GOOD LIFE. [7:28] WE NEED A GOOD JOB TO PAY GOOD WAGES. [7:30] WE NEED PEOPLE TO BE ABLE TO GO TO THE GROCERY STORE AND [7:32] ACTUALLY BUY WHAT THEY NEED FOR THEIR FAMILY. [7:34] THAT TAKES A LITTLE BIT OF TIME. [7:36] AND I KNOW THAT THERE ARE A LOT OF PEOPLE OUT THERE, SEAN, WHO [7:39] ARE SAYING THINGS ARE EXPENSIVE. [7:41] AND WE HAVE TO REMEMBER THEY'RE EXPENSIVE BECAUSE WE [7:44] INHERITED THIS TERRIBLE INFLATION CRISIS FROM THE [7:47] BIDEN ADMINISTRATION. [7:48] BUT YOU'VE ALREADY SEEN SIGNS THAT THINGS ARE GETTING [7:51] BETTER. [7:52] THE PRICE OF EGGS HAS GONE WAY DOWN. [7:54] THE PRICE OF ENERGY HAS GONE WAY DOWN. [7:56] THE PRICE OF GASOLINE HAS GONE WAY DOWN. [7:58] AND AS WE KNOW, WHEN THE PRICE OF ENERGY GOES DOWN, THAT [8:02] STARTS TO FILTER OUT INTO THE ENTIRE ECONOMY. [8:04] BUT THAT ALSO TAKES A LITTLE BIT OF TIME. [8:06] THERE'S ANOTHER COMPONENT OF THIS, SEAN, WHICH TO ME IS [8:08] MAYBE THE MOST IMPORTANT BECAUSE I CARE SO MUCH ABOUT OUR [8:10] YOUNG PEOPLE BEING ABLE TO AFFORD A GOOD LIFE. [8:13] A LOT OF YOUNG PEOPLE ARE SAYING HOUSING IS WAY TOO [8:17] EXPENSIVE. [8:18] WHY IS THAT? [8:19] BECAUSE WE FLOODED THE COUNTRY WITH 30 MILLION ILLEGAL [8:22] IMMIGRANTS WHO WERE TAKING HOUSES THAT ALT BY RIGHT GO TO [8:25] AMERICAN CITIZENS. [8:26] AND AT THE SAME TIME, WE WEREN'T BUILDING ENOUGH NEW HOUSES TO [8:29] BEGIN WITH EVEN FOR THE POPULATION THAT WE HAD. [8:32] SO WHAT WE'RE DOING IS TRYING TO MAKE IT EASIER TO BUILD [8:35] HOUSES, TRYING TO MAKE IT EASIER TO BUILD FACTORIES AND [8:38] THINGS LIKE THAT SO THAT PEOPLE HAVE GOOD JOBS. [8:40] WE'RE ALSO GETTING ALL OF THOSE ILLEGAL ALIENS OUT OF OUR [8:43] COUNTRY AND YOU'RE ALREADY SEEING IT START TO PAY SOME [8:46] DIVIDENCE. [8:47] LET ME GIVE YOU A VERY CLEAR STATISTICAL EXAMPLE. [8:49] UNDER THE BIDEN ADMINISTRATION, THE PRICE OF A NEW HOME [8:52] LITERALLY DOUBLED IN FOUR YEARS. [8:53] IT WENT UP 100%. [8:55] UNDER THE TRUMP ADMINISTRATION, HOUSING AND RENT [8:58] PRICES ARE UP ABOUT 1 TO 2%. [9:00] THAT'S ACTUALLY IN LINE WITH WHAT YOU WOULD LIKE TO SEE. [9:03] SO, AGAIN, WE INHERITED A DISASTER. [9:05] WE'RE VERY MINDFUL OF THE FACT THAT THERE'S A LOT OF WORK TO [9:07] DO, BUT I THINK THAT WE'VE MADE GREAT PROGRESS. [9:10] AND THE FINAL POINT I'LL MAKE ABOUT THIS, SEAN, IS THE MOST [9:12] IMPORTANT WAY TO FIX THIS AFFORDABILITY CRISIS IS TO MAKE [9:15] PEOPLE'S WAGES GO UP. [9:17] AND THAT IS WHERE THE TRUMP ECONOMY, I THINK JUST [9:20] OBJECTIVELY, OBVIOUSLY I'M VERY BIASED, BUT I THINK OBJECTIVELY [9:23] IS DOING BETTER THAN ANY ECONOMY IN 50 OR 60 YEARS. [9:27] BLUE-COLLAR WAGES ARE GOING UP, WORKING PEOPLE'S WAGES, [9:30] MIDDLE-CLASS WAGES ARE GOING UP. [9:32] AND THAT'S HOW WE ULTIMATELY CHIP AWAY AT THE BIDEN [9:35] AFFORDABILITY CRISIS, IS THAT WE MAKE AN ECONOMY WHERE PEOPLE CAN [9:39] AFFORD TO BUY THE THINGS THAT THEY NEED. [9:41] THE BEST WAY TO DO THAT IS GOOD JOBS AND GOOD WAGES. [9:44] AND THAT'S WHY THE PRESIDENT'S FOCUS IS WHERE IT IS. [9:46] I WANT TO SEE THAT MANUFACTURING GET ONLINE, [9:48] BECAUSE THOSE ARE HIGH-PAYING CAREER JOBS. [9:49] YES, THEY ARE. [9:51] WE ARE GOING TO BRING IN HOUSE. [9:53] WE ALWAYS IMPORTED AND WERE RELYING ON OTHER COUNTRIES FOR [9:57] PHARMACEUTICALS, SEMICONDUCTED CHIPS, [9:59] AUTOMOBILE MANUFACTURING, THE PRESIDENT NEGOTIATED IT OUT. [10:02] THOSE DEALS, I WANT TO SEE THOSE JOBS GET ONLINE, [10:05] HOPEFULLY SOONER RATHER THAN LATER. [10:07] APPLE IS GOING TO SPEND, WHAT, $500 BILLION IN TEXAS? [10:11] THEY'RE GOING TO SPEND AT LEAST $500 BILLION IN THE UNITED STATES. [10:15] THEY'RE GOING TO SPEND AT LEAST $500 BILLION IN THE UNITED STATES. [10:17] THEY'RE GOING TO SPEND AT LEAST $500 BILLION IN THE UNITED STATES. [10:19] THAT'S JUST APPLE. [10:20] WE'VE SEEN ABOUT $18 TRILLION OF NEW CAPITAL COMMITMENTS, SEAN. [10:23] THAT'S YOUR POINT. [10:24] THOSE ARE GOOD CAREER CREATING JOBS. [10:25] THAT'S NEVER HAPPENED. [10:26] AND NOTHING LIKE THAT HAS EVER HAPPENED IN THIS COUNTRY. [10:28] IF YOU GO BACK TO THE BIDEN ADMINISTRATION, A GOOD YEAR FOR THE [10:30] BIDEN ADMINISTRATION WAS A FEW HUNDRED BILLION DOLLARS OF [10:31] INVESTMENTS. [10:32] THEY WERE GETTING TRILLIONS UPON TRILLIONS OF NEW INVESTMENTS. [10:34] NOW, OF COURSE, I'M MINDFUL THAT PEOPLE ARE SUFFERING, SEAN, [10:37] BECAUSE THOSE FACTORIES DON'T GET BUILT OVERNIGHT. [10:40] THESE THINGS ACTUALLY TAKE A LITTLE BIT OF TIME. [10:43] BUT HERE'S WHAT'S DIFFERENT FROM THE TRUMP ADMINISTRATION AND THE [10:45] BIDEN ADMINISTRATION. [10:46] THE PRESIDENT IS FOCUSED NOW ON GETTING PEOPLE GOOD JOBS, [10:51] GETTING PEOPLE HIGHER WAGES, AND BRINGING DOWN THE COST OF [10:53] GOODS. [10:54] WE INHERITED A DISASTER. [10:56] WE'VE CHIPPED AWAY AT A LOT OF THAT PROBLEM IN 10 MONTHS. [10:59] BUT THAT'S WHY YOU'VE GOT FOUR-YEAR TERMS, BECAUSE WE'RE GOING [11:02] TO DO A LOT OVER THE NEXT THREE YEARS, THREE MONTHS TO MAKE SURE [11:05] THAT MORE PEOPLE CAN AFFORD A GOOD LIFE, THEY CAN AFFORD TO BUY [11:08] HOMES, YOUNG PEOPLE CAN AFFORD TO START FAMILIES, AND WE'VE [11:11] ACTUALLY GOT GOOD JOBS THAT PUT PEOPLE ON A CAREER TRAJECTORY TO [11:15] STABILITY. [11:16] THE BIGGEST PROBLEM OF THE BIDEN ECONOMY WASN'T EVEN THE [11:18] AFFORDABILITY. [11:19] THAT WAS THE SECOND BIGGEST PROBLEM. [11:20] THE BIGGEST PROBLEM OF THE BIDEN ECONOMY IS THAT PEOPLE HAVE [11:23] THE KIND OF JOBS WHERE THEY COULDN'T BUILD A CAREER OUT OF IT. [11:29] THEY WOULD MAKE $14, $15 AN HOUR WITH NO PROMISE OF EVER BEING [11:32] ABLE TO MAKE MORE. [11:33] THAT IS NOT HOW YOU BUILD A MIDDLE-CLASS AMERICAN DREAM. [11:36] THAT'S HOW YOU BUILD DEBT SERVANTS. [11:38] THAT'S WHAT THE AMERICAN PEOPLE ARE BECOMING UNDER JOE BIDEN. [11:41] THAT'S WHAT THE AMERICAN PEOPLE ARE DOING. [11:43] THAT'S WHAT THE AMERICAN PEOPLE ARE DOING. [11:45] THAT WE STAY THE COURSE, KEEP THESE ECONOMIC POLICIES GOING [11:47] SO THAT AMERICANS CAN OWN A STAKE IN THEIR OWN FUTURE, [11:49] BUILD THE KIND OF LIFE THAT EVERY AMERICAN DESERVES. [11:51] BACK TO THE HOME BUILDING PART. [11:53] IT'S INTERESTING YOU BROUGHT IT UP. [11:55] ARE YOU AS OBSESSED WITH A.I. AS I AM? [11:57] I AM. [11:58] OKAY. [11:59] I DON'T KNOW. [12:00] I'M A GRACHAI. [12:01] OKAY. [12:02] ME TOO. [12:03] I'M A GRACHAI. [12:04] OKAY. [12:05] ELON, I THINK IT'S THE BEST. [12:06] I'M ALWAYS ASKING MYSELF. [12:07] THAT'S TRUE. [12:08] I'M ALWAYS ASKING MYSELF. [12:09] IF I ASK AN A.I. A QUESTION, IS IT GOING TO GIVE ME AN [12:13] OBJECTIVE ANSWER? [12:14] IF THE VICE PRESIDENT PUTS IT IN EXTREME [12:15] MODE. [12:16] IF YOU PUT IT IN EXTREME MODE JUST FOR KICKS AND GIGGLES, [12:20] IT'S A LITTLE. [12:21] I HAVE NOT, SEAN. [12:22] I DON'T WANT THE MEDIA TO ATTACK ME. [12:23] IF YOU WANT TO KNOW THE NEIGHBORHOOD THAT [12:25] DONALD TRUMP GREW UP IN AND THE KIND OF LANGUAGE YOU PROBABLY HEARD [12:27] EVERY DAY, YOU PUT IT IN EXTREME MODE. [12:29] IT'S PRETTY FUNNY. [12:36] I'VE HEARD THOSE NUMBERS. [12:38] I'VE HEARD THOSE NUMBERS. [12:39] I'VE HEARD THOSE NUMBERS. [12:40] OKAY. [12:41] I MET A GUY THAT'S BUILDING A COMPANY THAT 70% OF A HOME CAN BE BUILT WITH [12:47] ROBOTS AT ABOUT $200 A SQUARE FOOT. [12:51] NOW, WHERE I LIVE IN FLORIDA, YOU'RE NOT GETTING ANY HOME ANYWHERE NEAR $200 A SQUARE FOOT. [12:57] SURE. [12:58] SO WILL THAT BE A FACTOR? [13:00] AND THEN YOU HAVE TO THINK OF, OKAY, ARE WE GOING TO LOSE [13:04] THOSE JOBS? [13:06] HOW DO WE TRANSITION PEOPLE INTO THE ECONOMY IF THEY'RE GOING TO LOSE [13:10] THOSE JOBS? [13:11] YEAH, SO A FEW THINGS ABOUT THAT, SEAN. [13:13] FIRST, WE PROBABLY NEED TO BUILD ABOUT 5 MILLION NEW HOMES. [13:16] AND IF YOU LOOK IN THE RED STATES, WE'RE ACTUALLY DOING A VERY GOOD JOB. [13:19] ONE OF THE BIGGEST CHALLENGES THAT WE HAVE IN THE HOUSING MARKET, [13:22] ASIDE FROM TOO MANY ILLEGAL ALIENS WHO ARE TAKING THE HOUSES OF AMERICAN CITIZENS, [13:26] IS THAT IN THE BLUE STATES, YOU'RE NOT BUILDING ENOUGH HOUSES. [13:29] SO YOU GO TO CALIFORNIA. [13:30] WHY ARE SO MANY PEOPLE MOVING OUT OF CALIFORNIA? [13:34] IT'S, YOU KNOW, YES. [13:35] I HAVE A GUESS. [13:36] GAVIN NEWSOM. [13:37] YOUR FRIEND GAVIN NEWSOM. [13:38] YEAH, MY FRIEND GAVIN NEWSOM. [13:40] MAYBE IF THEY PUT WATER IN FIRE HYDRANTS AND RESERWARDS, THAT MIGHT HELP, RIGHT? [13:44] YEAH, BUT THEY'RE NOT BUILDING HOUSES. [13:45] YOU LOOK AT THOSE TERRIBLE FIRES THAT HAPPEN IN LOS ANGELES. [13:48] YOU HAVE PEOPLE WHO ARE STILL TRYING TO GET THE PERMITTING TO REBUILD THEIR HOUSES. [13:52] THIS HAPPENED SO LONG AGO. [13:53] SO WE'VE GOT TO GET OUR BLUE STATES TO BUILD ENOUGH HOUSES FOR THEIR CITIZENS BECAUSE OUR RED STATES AND THE FEDERAL GOVERNMENT IS ACTUALLY DOING A REALLY GOOD JOB. [14:01] BY THE WAY, YOU KNOW ONE OF THE BIGGEST CITIES WHERE YOU'RE SEEING HOUSING COSTS COME DOWN? [14:05] AUSTIN, TEXAS. [14:06] BECAUSE THEY'RE CHOOSING SMART POLICIES AND THEY'RE BUILDING ENOUGH HOUSING. [14:09] THEY'RE BUILDING ENOUGH HOUSING. [14:11] NOW, ON THE AI ISSUE, LOOK, I UNDERSTAND WHY PEOPLE ARE WORRIED THAT, YOU KNOW, IF YOU HAVE A ROBOT DOING THAT JOB, DOES IT TAKE AWAY FROM A BLUE-COLLAR WORKER WHO CAN DO THAT JOB? [14:20] RIGHT NOW, THE EVIDENCE THAT I SEE IS THAT IF WE REALLY LEAN INTO ROBOTICS AND TECHNOLOGY, IT'S GOING TO RAISE EVERYBODY'S WAGES AND MAKE EVERYBODY BETTER OFF. [14:28] THE EXAMPLE THAT I OFTEN GIVE IS A BANK TELLERS. [14:31] IF YOU GO BACK TO WHEN THE AUTOMATED TELLER MACHINE WAS INVENTED, EVERYBODY SAID IT WAS GOING TO DESTROY THE JOBS OF ALL THE BANK TELLERS. [14:38] WHAT ACTUALLY HAPPENED IS THAT TODAY YOU HAVE MORE PEOPLE WORKING IN BANK TELLING THAN YOU DID 50 YEARS AGO. [14:44] THEY'RE DOING DIFFERENT JOBS. [14:45] THEY'RE NOT JUST HANDING PEOPLE MONEY. [14:47] THEY'RE DOING DIFFERENT JOBS, BUT THEY ALSO HAVE HIGHER WAGES. [14:50] SO SOMETIMES WHAT TECHNOLOGY DOES IS IT ALLOWS SOMEBODY TO DO SOMETHING A LITTLE BIT DIFFERENT, TO USE THEIR MIND A LITTLE BIT MORE THAN SOME OF THE ROTE TASKS THEY MIGHT HAVE BEEN DOING. [15:00] AND THAT ACTUALLY MEANS THEY'RE MORE PRODUCTIVE, THEY GET BETTER WAGES, AND EVERYBODY BECOMES BETTER OFF. [15:05] SO I DON'T THINK THAT WE'RE GOING TO EVER ELIMINATE THE CONSTRUCTION INDUSTRY IN THIS COUNTRY JUST BECAUSE YOU'VE GOT ROBOTS. [15:11] WHAT YOU'RE GOING TO HAVE IS A LOT OF CONSTRUCTION WORKERS WHO ARE USING THOSE ROBOTS, WHO ARE DIRECTING THOSE ROBOTS, WHO ARE ACTUALLY ABLE TO DO MORE WITH LESS BECAUSE THEY'RE USING TECHNOLOGY TO HELP THEM. [15:23] THEY'RE ALWAYS GOING TO NEED CONSTRUCTION WORKERS IN THIS ECONOMY, BUT I WANT THEIR WAGES TO GO UP. [15:27] AND I THINK IF WE LEAN INTO TECHNOLOGY, THAT'S WHAT'S GOING TO HAPPEN. [15:30] IT'S ACTUALLY AMAZING BECAUSE YOU'LL SEE THEM. [15:32] THEY'LL DO THE FRAMING. [15:33] THEY'LL PUT ON THE SIDING. [15:35] ACTUALLY, A ROBOT WILL PUT ON THE ROOF. [15:37] IT'S KIND OF CRAZY. [15:38] IT IS CRAZY, YEAH. [15:39] THEY'LL WIRE THE HOUSE. [15:40] THEY'LL PUT IN INSTALLATION. [15:41] THEY'LL PUT UP THE WALL BOARD. [15:42] THEY'LL PAINT THE WALL BOARD. [15:44] AND THEN THE FINISHED WORK, IN COMES THE CRAFTSMAN. [15:47] I'M NOT SO SURE THAT A.I. IS GOING TO BE ABLE TO DO THAT, AT LEAST IN THE SHORT TERM. [15:51] BUT IT WOULDN'T SURPRISE ME. [15:52] LOOK, I THINK A LOT OF THE CRAFTSMANSHIP, A LOT OF THE DIRECTION, A LOT OF THE MANAGEMENT, [15:56] YOU'RE GOING TO NEED A HUMAN BEING TO DO THAT. [15:58] NOBODY CAN REPLACE, NO ROBOT CAN REPLACE A GREAT BLUE-COLLAR CONSTRUCTION WORKER. [16:03] YOU KNOW, YOU SEE SOME OF THE HOUSES, SOME OF THE THINGS THEY DO, THE TRIN THAT THEY'RE ABLE TO DO. [16:07] THERE'S AN ART THERE THAT I DON'T THINK A ROBOT IS EVER GOING TO BE ABLE TO REPLACE. [16:14] SO I THINK IT'S A GREAT BLUE-COLLAR CONSTRUCTION WORKER TO PUT MORE NAILS AND MORE WALLS OVER A SHORTER PERIOD OF TIME. [16:20] SOME OF THE ROTE THINGS, IN OTHER WORDS, YOU'RE GOING TO SEE, I THINK, ROBOTICS HELP THE CONSTRUCTION WORKERS. [16:25] AND I THINK THAT'S GOING TO LEAD TO HIGHER WAGES AND IT'S ALSO GOING TO LEAD TO MORE HOMES FOR AMERICAN CITIZENS. [16:28] PRESIDENT WOULD LOVE IT IF THEY COULD BUILD THE ONE BIG BEAUTIFUL BALLROOM FASTER. [16:31] IF A ROBOT COULD DO IT FASTER, I THINK HE'D HIRE THE ROBOT. [16:34] BECAUSE I KNOW THAT'S OBVIOUSLY IMPORTANT. [16:36] BUT THIS IS AN INTERESTING POINT, SEAN, BECAUSE IF YOU GO BACK TO, YOU KNOW, THERE REALLY ARE, I THINK, TWO DIFFERENT MODELS OF HOW YOU MAKE PEOPLE MORE PRODUCTIVE, OF HOW YOU CREATE ECONOMIC GROWTH, OF HOW YOU MAKE PEOPLE BETTER OFF. [16:48] THE DEMOCRAT MODEL WAS IMPORT LOW-WAGE IMMIGRANTS, AND I REALLY DO THINK THAT HURT THE JOBS OF OUR CONSTRUCTION WORKERS. [16:56] IT HURT THE WAGES OF A LOT OF OUR BLUE-COLLAR WORKERS. [16:59] BUT THEIR IDEA WAS THE WAY THAT WE GET MORE PROSPERITY IS THAT YOU IMPORT MORE AND MORE LOW-WAGE SERVANTS. [17:05] AND THAT ACTUALLY, I THINK, REDUCED PROSPERITY BECAUSE IT MEANT THAT A LOT OF OUR BLUE-COLLAR WORKERS WERE STRUGGLING. [17:11] BUT IF YOU USE TECHNOLOGY AND YOU EMPOWER THE BLUE-COLLAR WORKERS RATHER THAN REPLACE THEM WITH FOREIGN LABOR, [17:17] I THINK THEY'RE GOING TO DO WAY BETTER. [17:19] THEY'RE GOING TO MAKE HIGHER WAGES AND THE WHOLE COUNTRY IS GOING TO BE BETTER OFF. [17:22] IN OTHER WORDS, DO YOU DEPEND ON LOW-WAGE IMMIGRANTS OR DO YOU DEPEND ON AMERICAN CITIZENS BOLSTERED BY TECHNOLOGY AND INNOVATION? [17:30] THAT'S THE TRUMP MODEL AND I THINK THAT'S THE MODEL THAT'S GOING TO DELIVER LONG-TERM PROSPERITY FOR THIS COUNTRY.