That is just absolutely awesome and gives me great hope for the second half of this administration.
Hi, this is Mike Maloney with Alan Hibbard, and we've got something that is both informative,
hopeful, and hilarious for you. Alan, how are you doing? I'm great, Mike. Thank you. How are
you? Good. So show me what you put together. Excellent. Well, I want to talk about DOGE,
the Department of Government Efficiency, and it all starts with a tweet from Elon Musk.
This is from just, I guess, last week. America's A-Team is usually building companies in the private
sector. Once in a long time, reforming government is important enough that the A-Team allocates
time to government. This is that time. Boy, and it's long overdue. That is for sure.
You know, every time a dollar is taken out of the real economy where goods and services are created
and put over into the government, where the government is going to do something with it,
but that dollar is funneled through the bureaucracy first. And so there's very little of it left
by the time it comes spitting out and pays a teacher or something like that. It's not
the whole dollar that ends up hopefully improving your lives, but a lot of what the government does
is exactly the opposite of improving our lives. So, yeah, let's, you know, there was another
tweet that I saw where Elon Musk was saying that everything that this DOGE Department does
is going to be posted online so people can look at it and say, no, no, no, don't cut that. That's
way too important. Or they're going to see the, he's actually going to do a leaderboard
of the stupidest government spending there is, which he said was going to be both tragic and
comical. So it should be interesting and everybody has input on what this A-Team is
going to be doing. I see a bright future being created by this team. So yeah, let's
Absolutely. So what this all comes from, by the way, is Elon tweeted out something from
the Trump advance transition team again from last week. He said it's a statement here
from President Donald J. Trump. And I want to read this whole thing just to give you a sense.
It's three paragraphs here. It's got over 50 million views so far. And let me read
a statement from President Trump. I am pleased to announce that the great Elon Musk,
working in conjunction with American patriot Vivek Ramaswamy, will lead the Department
of Government Efficiency, DOGE. Together, these two...
Anybody doesn't know Elon Musk jokes quite often about DOGE coin,
which was originally created as a joke and it has done extremely well.
Yes. With his support largely. I mean, it is a big coin, but he's a big fan of humor. So
can't blame him. Together, these two wonderful Americans will pave the way for my administration
to dismantle government bureaucracy, slash access regulations, cut wasteful expenditures,
and restructure federal agencies essential to the Save America movement.
This will send shock waves through the system and anyone involved in government waste,
which is a lot of people, stated Mr. Musk. So this is like the kind of thing that
we dream of. We never thought it would happen, but maybe it's finally here. We'll see.
Well, you know, I look at this from an entrepreneur's standpoint, and I've been an
entrepreneur all my life, starting businesses, some of them failed, some of them were like,
break even things that I just sort of shut down because I knew I wasn't going to become wealthy
doing that. But I also have to have some sort of mission when I, in anything that I'm involved
with, where I'm helping to change things, where I'm pushing stuff forward. It can't just be
something where I'm getting a paycheck out of it. So, but what I've noticed is that from the 80s
to today, it is like 10 times harder to start and run a business today than it was back then.
And that is a bad road to be going down. That limits prosperity for all of society.
And so I'm really glad to see this happening. Yeah, me too. Yeah. So continuing here,
statement from Trump, it will become potentially the Manhattan Project of our time.
Republican politicians have dreamed about the objectives of Doge for a very long time.
To drive this kind of drastic change, the Department of Government Efficiency will provide
advice and guidance from outside of government and will partner with the White House and Office
of Management and Budget to drive large scale structural reform and create an entrepreneurial
approach to government never seen before. Excellent. Yeah, entrepreneurial approach.
Yeah, there's good incentives. Like the market will tell you if you're spending your
dollar efficiently and if not, you can't spend it that way. I look forward to Elon and Vivek
making changes to the federal bureaucracy with an eye on efficiency and at the same time making
life better for all Americans. Importantly, we will drive out the massive waste and fraud
which exists throughout our annual six and a half trillion dollars of government spending.
It will work together. Six and a half trillion.
This is just, if you went back to the year 2000, this would have been unfathomable.
Nobody would have believed that this would have been possible. Six and a half trillion
dollars of spending. So go ahead. I'm sorry I interrupted. No, it's massive. No, it's yeah.
They will work together to liberate our economy and make the U.S. government
accountable to we the people. Their work will conclude no later than the 4th of July,
2026. So about a year and a half. A smaller government with more efficiency and less bureaucracy
will be the perfect gift to America on the 250th anniversary of the Declaration of Independence.
I am confident they will succeed. That is just absolutely awesome and gives me great hope
for the second half of this administration. I do believe that they're going to be dealing
with some sort of gigantic financial crisis, banking crisis, whatever. Something will happen
sometime soon. Like I said in many videos, there is just too much energy built up.
The economy has been too warped with the way the Federal Reserve responds to everything
and tries to constantly force everything into these gigantic bubbles, thinking that the bubble
century is normal and it is not. And that's the reason the scale of these bubbles and crashes
keeps on getting bigger and bigger and bigger. But this gives me great hope that
at the last half of this term, this administration and then leaving the economy and the structure,
so whoever wins next time, they're at least dealing with something that's going to be on
the upswing. This is a reason to be investing in America. Absolutely. I agree completely.
Yes. So something else here, people might ask why is Elon getting involved?
Well, I knew what this one was going to be about, so I actually sent you this link.
That's right. You did. Which originally came from Dan. Yes. Go ahead.
Yes. So the comment here is this is what happens when Elon Musk enters an industry.
Do you want to explain this? This is the cost per kilogram to launch something into orbit.
So you've got a payload. How much does it weigh? It weighs so many kilograms.
The dollars expended to put that up into space. And you can see the high point
was the space shuttle at over $52,000 per kilogram. And then the green line
is Elon Musk entering the industry. And you can see 8 and 9 are Falcon 9 and Falcon Heavy
launches, which have already occurred. So this is now history. And the Falcon Heavy,
you're talking around, so from $52,000 to $1,500, $1,500. And then the target with the starship
is under $200. So $52,000 to $200. This is the type of efficiency. When you look at Tesla,
and I've owned, my first Tesla was a 2010. My second was a 2011. The third Tesla was the
599th Model S off of the line in 2012. And so this is what happens. Electric cars were very expensive
to make. And Elon Musk lost a lot on the roadsters. Every roadster was created at an enormous loss.
And then the Model S, they started making a profit on. But my first Model S cost $128,000,
I think, back in 2012. And that did, I think, the 0 to 60 was 4.2 seconds, and it only had
a rear motor. Now it's a dual motor. It does 0 to 60 in 1.9 seconds. It's safer. It drives itself.
But my 2012 didn't have the hardware to ever be able to take advantage of full self-driving.
It's a completely different car and vastly superior. And the cost has come down about 20%
during all of this raging inflation. So you're talking about 12 years later,
and the cost has been falling. Another thing I want to point out is excluding the Chinese companies.
Tesla is the only electric car. They're the only producer of electric cars that can make a profit
on electric cars. Everybody else that's producing an electric car does so at a loss.
And they're the most profitable car company on earth. And so you take these models of how he does
things. He's got a couple of models. The best part is no part, and the best process is no process.
So you want to eliminate as many things as possible. He's going to bring this to government,
eliminating as many things as possible to get everything flowing as well as it can.
First principles. He starts with what is the commodity cost of a car? What does the steel
and the lithium and the aluminum and the copper and everything else that's in the car cost?
How can we drive the cost of a finished car as close to that as possible?
So what I see in this chart right here, that green line represents the Department of Government
Efficiency cutting costs of our government, which leaves more tax dollars in the real economy.
Those dollars don't need to be taken. That hopefully the deficit spending will stop because
the deficit spending always shows up as inflation somewhere. You can't do deficit spending without
causing. There's repercussions to all deficit spending. And so it either indets us in the
future or it causes big inflation. And so this chart here gives me great hope,
hopefully working with Vivek Ramaswamy, that this team can do some amazing things
in a very short time. And like you said, did you say about a year and a half?
A little bit more? Yeah, I'm thinking from, yeah, inauguration from January until the 4th of
January is a big task and a very short time to do it. But we have seen when Elon Musk acquired
Twitter, that was a complete dumpster fire, just losing tons of cash every single day.
And they were doing heavy censorship, deplatforming. And he bought that, turned it around
amazingly quickly and then introduced an AI program. And they've caught up,
Microsoft and Google and others have been working on this for years. And they've caught up in this
incredibly short time. And I just, I really think that these people can do this for government.
That gives me great hope because when you look at the economic freedom of the world report
produced up in Canada, you see that they audit all of these different countries. It's 168
different countries or something now that they audit annually. And the bigger government gets
compared to GDP, the higher the level of taxations and the more regulations,
the worse that government starts to do. And so hopefully, we're down in like, we used to be
number one in their economic freedom of the world report. And for a while we dropped to
number 12 after the Patriot Act, we're back up to like number six. But I want to see us get back
to number one again, because in that report is the big prediction, the roadmap to the future
of our country, of our society, of how long you're going to live, how happy you're going to be,
how wealthy you're going to be, even the poorest in a society are wealthier in the most
economically free countries than they are in the countries that are trying to redistribute
all the wealth and make everybody equal. The proof is in the pudding there. The proof, there's
results. You can see what happens when a government has one policy or another and getting rid of
government waste, lifting a bunch of these regulations, creating sunset laws for all laws
where they have to be looked at periodically and reinstated, so rolled over basically, or
the law vanishes. This will lead to great prosperity, I believe. What's your opinion?
Yeah, I agree with everything you just said. Yeah, slash it. It's like Javier Millet,
Afuera, Afuera, right? Every department, get it out of there. And the government,
for the most part, doesn't belong in most of the industries that it's currently tinkering with.
Tinkering is putting it mildly. Get it out of there and have these sunset provisions. I'm very
optimistic. I hope that this happens the way it's proposed. Yes, and hopefully next on the
chopping block is the Federal Reserve. Yes, I agree completely. I have one thing I want to
give our viewers with. It's a pretty hilarious video. I hope no one gets offended. It is about
government employees, and of course, the government is the number one employer
in the country, but I do find it very funny. So I want to leave you guys with this. This is
Elon watching federal employees enter the private sector.