RUSH TRANSCRIPT Welcome back ░░░░░░░░ State of the Union ░░░░░░░░ m Kaitlan Collins It ░░░░░░░░ a familiar biography A ░░░░░░░░ businessman running for president ░░░░░░░░ to shake up Washington ░░░░░░░░ name is Vivek Ramaswamy ░░░░░░░░ is 37 He is ░░░░░░░░ his biotech fortune to ░░░░░░░░ early inrootdads with Republican ░░░░░░░░ He joins me now ░░░░░░░░ you for being here ░░░░░░░░ are touting your outsider ░░░░░░░░ as a quality I ░░░░░░░░ t know of any ░░░░░░░░ in recent history that ░░░░░░░░ not either hold office ░░░░░░░░ was not a national ░░░░░░░░ like Trump was Why ░░░░░░░░ you think you can ░░░░░░░░ Look I m running ░░░░░░░░ on my vision for ░░░░░░░░ country I m not ░░░░░░░░ on my biography or ░░░░░░░░ credentials I m running ░░░░░░░░ a vision for this ░░░░░░░░ A lot of the ░░░░░░░░ base is familiar with ░░░░░░░░ through the three books ░░░░░░░░ have written two are ░░░░░░░░ and I traveled the ░░░░░░░░ We are in the ░░░░░░░░ of a national identity ░░░░░░░░ You ask most people ░░░░░░░░ age what does it ░░░░░░░░ to be an American ░░░░░░░░ get a blank stare ░░░░░░░░ response I think that ░░░░░░░░ the vacuum at the ░░░░░░░░ of our national soul ░░░░░░░░ think the opportunity for ░░░░░░░░ GOP now is not ░░░░░░░░ to complain about wokeness ░░░░░░░░ gender ideology or climate ░░░░░░░░ but to go upstream ░░░░░░░░ fill that black hole ░░░░░░░░ a vision of American ░░░░░░░░ identity that runs so ░░░░░░░░ that it dilutes these ░░░░░░░░ to irrelevant and actually ░░░░░░░░ us as a country ░░░░░░░░ m running because I ░░░░░░░░ that I m the ░░░░░░░░ best positioned to deliver ░░░░░░░░ unity by reawakening that ░░░░░░░░ American identity I want ░░░░░░░░ ask you about that ░░░░░░░░ You are self funding ░░░░░░░░ campaign at least right ░░░░░░░░ How much are you ░░░░░░░░ to spend There s ░░░░░░░░ no limit we have ░░░░░░░░ on in terms of ░░░░░░░░ I m going to ░░░░░░░░ I ve been fortunate ░░░░░░░░ live the full arc ░░░░░░░░ the American dream We ░░░░░░░░ celebrated our diversity for ░░░░░░░░ long that we forgot ░░░░░░░░ ways we are the ░░░░░░░░ That s what I ░░░░░░░░ about more than anything ░░░░░░░░ I think a lot ░░░░░░░░ businessmen history would teach ░░░░░░░░ funders make the mistake ░░░░░░░░ thinking they can use ░░░░░░░░ own money as a ░░░░░░░░ for gaining the support ░░░░░░░░ voters This campaign is ░░░░░░░░ to be lifted up ░░░░░░░░ bottom ump grass roots ░░░░░░░░ We are off to ░░░░░░░░ great start on that ░░░░░░░░ as well It will ░░░░░░░░ a combination What it ░░░░░░░░ liberate me from is ░░░░░░░░ Republicans they ring the ░░░░░░░░ can and ask for ░░░░░░░░ to run I was ░░░░░░░░ to skip that because ░░░░░░░░ the fact that I ░░░░░░░░ t want to be ░░░░░░░░ to a Republican donor ░░░░░░░░ On that front one ░░░░░░░░ the things you have ░░░░░░░░ dubbed the CEO of ░░░░░░░░ woke You have been ░░░░░░░░ of your criticism of ░░░░░░░░ you say is wokism ░░░░░░░░ you define how you ░░░░░░░░ do you define woke ░░░░░░░░ m going to define ░░░░░░░░ in neutral terms Being ░░░░░░░░ refers to becoming alert ░░░░░░░░ invisible societal injustices based ░░░░░░░░ genetically inherited character eded ░░░░░░░░ being called upon to ░░░░░░░░ on those injustices using ░░░░░░░░ potential legal means are ░░░░░░░░ necessary to do it ░░░░░░░░ s what most would ░░░░░░░░ with My criticism is ░░░░░░░░ think it s divisive ░░░░░░░░ tell us that we ░░░░░░░░ nothing more than the ░░░░░░░░ we inherit on the ░░░░░░░░ we are born That ░░░░░░░░ us on the basis ░░░░░░░░ race and sex and ░░░░░░░░ orientation When that merges ░░░░░░░░ capitalism which is what ░░░░░░░░ m the biggest critic ░░░░░░░░ we lose the sanctuary ░░░░░░░░ our economy that otherwise ░░░░░░░░ us together whether we ░░░░░░░░ black or white even ░░░░░░░░ we are Democrat or ░░░░░░░░ That s why capitalism ░░░░░░░░ to stay apolitical I ░░░░░░░░ proud to say I ░░░░░░░░ been the leader on ░░░░░░░░ that fight I think ░░░░░░░░ are turning the tide ░░░░░░░░ are realizing they re ░░░░░░░░ doing good for themselves ░░░░░░░░ for society by engaging ░░░░░░░░ these political and social ░░░░░░░░ I think we are ░░░░░░░░ to see that change ░░░░░░░░ know you have a ░░░░░░░░ of positions on that ░░░░░░░░ it comes to this ░░░░░░░░ this your platform would ░░░░░░░░ argue When people talk ░░░░░░░░ inflation and what they ░░░░░░░░ at the grocery store ░░░░░░░░ you think that s ░░░░░░░░ message that appeals to ░░░░░░░░ right now That s ░░░░░░░░ message I ve been ░░░░░░░░ for the last three ░░░░░░░░ Now we are running ░░░░░░░░ the presidency We are ░░░░░░░░ to deliver unity It ░░░░░░░░ bigger than that One ░░░░░░░░ the core aspects is ░░░░░░░░ unleashing the American economy ░░░░░░░░ There s this false ░░░░░░░░ even within the GOP ░░░░░░░░ spending cuts or between ░░░░░░░░ taxes between Democrats and ░░░░░░░░ We have forgotten the ░░░░░░░░ ingredient to deliver us ░░░░░░░░ our problems GDP growth ░░░░░░░░ was over 4 in ░░░░░░░░ country until the early ░░░░░░░░ It has been less ░░░░░░░░ 2 5 ever since ░░░░░░░░ need to unleash the ░░░░░░░░ animal inside the heart ░░░░░░░░ the American economy That ░░░░░░░░ why I m taking ░░░░░░░░ at certain opponents or ░░░░░░░░ growth pleasures I think ░░░░░░░░ find a lot of ░░░░░░░░ in the climate change ░░░░░░░░ in this country That ░░░░░░░░ why I ve been ░░░░░░░░ focused as I have ░░░░░░░░ unleashing American energy but ░░░░░░░░ economy overall This is ░░░░░░░░ something bigger This is ░░░░░░░░ reviving a missing national ░░░░░░░░ That s the missing ░░░░░░░░ to unleashing our economy ░░░░░░░░ is a core parliament ░░░░░░░░ my campaign Taking on ░░░░░░░░ actual foreign policy can ░░░░░░░░ we face on the ░░░░░░░░ stage Number one is ░░░░░░░░ China I m leading ░░░░░░░░ way in calling for ░░░░░░░░ declaration of independence from ░░░░░░░░ The key difference today ░░░░░░░░ unlike the ussr in ░░░░░░░░ last century we never ░░░░░░░░ on the Soviet Union ░░░░░░░░ the shoes on or ░░░░░░░░ or phones in our ░░░░░░░░ That s the number ░░░░░░░░ threat we face I ░░░░░░░░ delivering a vision to ░░░░░░░░ the sacrifices to actually ░░░░░░░░ as a country over ░░░░░░░░ long one China is ░░░░░░░░ major issue But do ░░░░░░░░ consider yourself a conservative ░░░░░░░░ would you define that ░░░░░░░░ do consider myself a ░░░░░░░░ I don t believe ░░░░░░░░ the defining political debate ░░░░░░░░ this country is between ░░░░░░░░ and Democrats I think ░░░░░░░░ s between those who ░░░░░░░░ pro American whether you ░░░░░░░░ in the ideals that ░░░░░░░░ this nation into motion ░░░░░░░░ free speech and open ░░░░░░░░ to self governance do ░░░░░░░░ believe in those ideals ░░░░░░░░ you anti American Do ░░░░░░░░ want to apologize for ░░░░░░░░ nation whose existence is ░░░░░░░░ to those ideals I ░░░░░░░░ it s an 80 ░░░░░░░░ split It s not ░░░░░░░░ 50 50 I think ░░░░░░░░ sets up for a ░░░░░░░░ landslide election in 2024 ░░░░░░░░ of my motivation to ░░░░░░░░ is to deliver that ░░░░░░░░ s the most unifying ░░░░░░░░ we can get out ░░░░░░░░ this country like a ░░░░░░░░ style victory Given what ░░░░░░░░ said about limited government ░░░░░░░░ you agree with what ░░░░░░░░ DeSantis did with Disney ░░░░░░░░ they spoke out about ░░░░░░░░ education bill I would ░░░░░░░░ handled that situation a ░░░░░░░░ bit differently We need ░░░░░░░░ be precise about what ░░░░░░░░ real drivers are of ░░░░░░░░ wokism One of the ░░░░░░░░ realities is that Disney ░░░░░░░░ largest shareholders are blackrock ░░░░░░░░ street and vanguard They ░░░░░░░░ environmental and social agendas ░░░░░░░░ are the largest shareholders ░░░░░░░░ most American companies They ░░░░░░░░ a tone that causes ░░░░░░░░ companies to behave in ░░░░░░░░ ways from their boardrooms ░░░░░░░░ down That s a ░░░░░░░░ that needs to be ░░░░░░░░ through the market I ░░░░░░░░ t really believe in ░░░░░░░░ whether it s on ░░░░░░░░ left or right You ░░░░░░░░ this on the left ░░░░░░░░ using the bully pulpit ░░░░░░░░ drive corporate change In ░░░░░░░░ case a lot of ░░░░░░░░ is top down If ░░░░░░░░ we should note there ░░░░░░░░ proposenents who disagree with ░░░░░░░░ How would you handle ░░░░░░░░ collapse of svb How ░░░░░░░░ you direct your treasury ░░░░░░░░ handle that Would you ░░░░░░░░ them out What would ░░░░░░░░ look like I would ░░░░░░░░ bail out either svb ░░░░░░░░ even the depositors Here ░░░░░░░░ what s going on ░░░░░░░░ made some uniquely bad ░░░░░░░░ decisions One of them ░░░░░░░░ they have a depositor ░░░░░░░░ that s concentrated of ░░░░░░░░ startups in Silicon Valley ░░░░░░░░ staggering nearly 90 of ░░░░░░░░ deposits are uninsured That ░░░░░░░░ an anomaly compared to ░░░░░░░░ banks in this country ░░░░░░░░ lot of Silicon Valley ░░░░░░░░ this weekend many have ░░░░░░░░ out to me to ░░░░░░░░ this narrative that that ░░░░░░░░ going to create a ░░░░░░░░ run in America if ░░░░░░░░ Valley bank isn t ░░░░░░░░ out What they re ░░░░░░░░ is trying to create ░░░░░░░░ fear of one I ░░░░░░░░ that could become a ░░░░░░░░ fulfilling prophecy which is ░░░░░░░░ Silicon Valley bank had ░░░░░░░░ to interest rate tethered ░░░░░░░░ they could have hedged ░░░░░░░░ normal bank would have ░░░░░░░░ that We should not ░░░░░░░░ that bad mismanagement Even ░░░░░░░░ behalf of many startup ░░░░░░░░ who put their money ░░░░░░░░ a concentrated way into ░░░░░░░░ bank I don t ░░░░░░░░ we should reward that ░░░░░░░░ a bailout I was ░░░░░░░░ the student loan bailouts ░░░░░░░░ President Biden has proposed ░░░░░░░░ can t talk out ░░░░░░░░ both sides of your ░░░░░░░░ saying svb deserves to ░░░░░░░░ bailed out while people ░░░░░░░░ hold student loans shouldn ░░░░░░░░ We should let the ░░░░░░░░ work here Let Silicon ░░░░░░░░ bank fail if needed ░░░░░░░░ the government needs to ░░░░░░░░ one thing it s ░░░░░░░░ out of the way ░░░░░░░░ another ban wants to ░░░░░░░░ Silicon Valley bank There ░░░░░░░░ rumors this weekend that ░░░░░░░░ the FDIC or other ░░░░░░░░ of the government are ░░░░░░░░ to obstruct an accusation ░░░░░░░░ don t want more ░░░░░░░░ risks The government needs ░░░░░░░░ get out of the ░░░░░░░░ If another bank wants ░░░░░░░░ save Silicon Valley bank ░░░░░░░░ should be permitted to ░░░░░░░░ that We will see ░░░░░░░░ they do that One ░░░░░░░░ you seem to be ░░░░░░░░ is because of svb ░░░░░░░░ diversity initiatives on their ░░░░░░░░ that that was part ░░░░░░░░ the downfall You just ░░░░░░░░ it was about the ░░░░░░░░ rates and what happened ░░░░░░░░ with the bonds Right ░░░░░░░░ about the diversity I ░░░░░░░░ t implied we are ░░░░░░░░ right now I will ░░░░░░░░ you what my views ░░░░░░░░ This is respect to ░░░░░░░░ securities they held the ░░░░░░░░ risk of the customer ░░░░░░░░ and failure to length ░░░░░░░░ risks Here are a ░░░░░░░░ observations Svb last year ░░░░░░░░ a 5 billion commitment ░░░░░░░░ sustainable finance to ensure ░░░░░░░░ better and more sustainable ░░░░░░░░ If they had had ░░░░░░░░ more sustainable balance sheet ░░░░░░░░ would have better done ░░░░░░░░ job I think if ░░░░░░░░ get bailed out part ░░░░░░░░ their bet is they ░░░░░░░░ to signal they are ░░░░░░░░ of the good guys ░░░░░░░░ gesture toward committing 5 ░░░░░░░░ which I don t ░░░░░░░░ is responsible towards something ░░░░░░░░ of what their core ░░░░░░░░ should have been focused ░░░░░░░░ The sad part of ░░░░░░░░ story is if they ░░░░░░░░ bailed out it s ░░░░░░░░ they bought that kind ░░░░░░░░ social insurance I have ░░░░░░░░ about this It s ░░░░░░░░ that different than what ░░░░░░░░ like Goldman Sachs did ░░░░░░░░ the 2008 financial crisis ░░░░░░░░ the right games influence ░░░░░░░░ right people send the ░░░░░░░░ virtue signals You get ░░░░░░░░ out This is crony ░░░░░░░░ We saw the movie ░░░░░░░░ 2008 I was working ░░░░░░░░ finance in New York ░░░░░░░░ back then My first ░░░░░░░░ out of college It ░░░░░░░░ be a sat thing ░░░░░░░░ see that repeat itself ░░░░░░░░ isn t a left ░░░░░░░░ right wing issue It ░░░░░░░░ about the integrity of ░░░░░░░░ We see if they ░░░░░░░░ acquire order if they ░░░░░░░░ a bailout Vivek Ramaswamy ░░░░░░░░ you for