RUSH TRANSCRIPT Inflation Larry ░░░░░░░░ howard lutnick and cochair ░░░░░░░░ Trump transition team and ░░░░░░░░ and dear friend howard ░░░░░░░░ you for coming on ░░░░░░░░ it There s Elon ░░░░░░░░ don t know you ░░░░░░░░ say it much better ░░░░░░░░ you as Trump senior ░░░░░░░░ adviser and you want ░░░░░░░░ make a balanced budget ░░░░░░░░ priority We raised so ░░░░░░░░ money and it s ░░░░░░░░ and will the department ░░░░░░░░ the interior has tons ░░░░░░░░ office space you know ░░░░░░░░ Because each office has ░░░░░░░░ be one day s ░░░░░░░░ ride from the next ░░░░░░░░ Stuff up You can ░░░░░░░░ make it Larry very ░░░░░░░░ So Elon you re ░░░░░░░░ going to create a ░░░░░░░░ department but he ll ░░░░░░░░ a major the brocket ░░░░░░░░ process and reconciliation Procurement ░░░░░░░░ and going to cut ░░░░░░░░ and 4 5 trillion ░░░░░░░░ revenue and lose 2 ░░░░░░░░ and overspend by 2 ░░░░░░░░ which we talk about ░░░░░░░░ GDP total sales in ░░░░░░░░ and sounds like we ░░░░░░░░ going to hell 500 ░░░░░░░░ is the addressable market ░░░░░░░░ can Elon Musk and ░░░░░░░░ come up with a ░░░░░░░░ A trillion and a ░░░░░░░░ of revenue The answer ░░░░░░░░ oh yeah you got ░░░░░░░░ like app and will ░░░░░░░░ the companies Ireland has ░░░░░░░░ billion of profits that ░░░░░░░░ ours Just them paying ░░░░░░░░ taxes in America is ░░░░░░░░ billion a year of ░░░░░░░░ Again and again and ░░░░░░░░ That department of interior ░░░░░░░░ said Imagine running the ░░░░░░░░ and mineral rights the ░░░░░░░░ States has Larry I ░░░░░░░░ wanted to do this ░░░░░░░░ 40 years Going back ░░░░░░░░ being a kid and ░░░░░░░░ Reagan budget office And ░░░░░░░░ it He s the ░░░░░░░░ guy in the world ░░░░░░░░ he ll do it ░░░░░░░░ me We re partners ░░░░░░░░ it together and exactly ░░░░░░░░ right approach People in ░░░░░░░░ world and balance the ░░░░░░░░ for Donald Trump to ░░░░░░░░ it and you know ░░░░░░░░ if he doesn t ░░░░░░░░ elected we ll raise ░░░░░░░░ and we don t ░░░░░░░░ the corporate tax rate ░░░░░░░░ raise so more goes ░░░░░░░░ Ireland and going to ░░░░░░░░ the money here Bring ░░░░░░░░ jobs here bring business ░░░░░░░░ Trump wants to go ░░░░░░░░ 15 if made in ░░░░░░░░ He s right He ░░░░░░░░ said and you re ░░░░░░░░ Elon is saying if ░░░░░░░░ spend more than you ░░░░░░░░ in at some point ░░░░░░░░ is guaranteed to bump ░░░░░░░░ the inflation rate by ░░░░░░░░ lot Exactly what we ░░░░░░░░ in the first years ░░░░░░░░ the Biden Harris administration ░░░░░░░░ it not My favorite ░░░░░░░░ is Democrats trying to ░░░░░░░░ from cough and do ░░░░░░░░ 1 9 trillion inflation ░░░░░░░░ Larry pure inflation I ░░░░░░░░ a tariff on your ░░░░░░░░ Your mug is more ░░░░░░░░ I ll buy a ░░░░░░░░ mug If you print ░░░░░░░░ and give money to ░░░░░░░░ every mug is more ░░░░░░░░ That s inflation Larry ░░░░░░░░ basically the same thing ░░░░░░░░ year later with another ░░░░░░░░ Sorry Inflation Reduction Act ░░░░░░░░ trillion Poke this money ░░░░░░░░ up 44 and we ░░░░░░░░ got to stop it ░░░░░░░░ President Trump addresses all ░░░░░░░░ and throws in growth ░░░░░░░░ said to The Wall ░░░░░░░░ Journal editorial board in ░░░░░░░░ important meeting and written ░░░░░░░░ in a Saturday paper ░░░░░░░░ tax cuts will pay ░░░░░░░░ themselves and they have ░░░░░░░░ for themselves and the ░░░░░░░░ from the 2017 tax ░░░░░░░░ was still in the ░░░░░░░░ above all the estimates ░░░░░░░░ the joint tax committee ░░░░░░░░ the duo agencyies 019 ░░░░░░░░ wage growth 3 GDP ░░░░░░░░ and under 2 inflation ░░░░░░░░ s the bad part ░░░░░░░░ want to see where ░░░░░░░░ the bad part It ░░░░░░░░ t make sense what ░░░░░░░░ re saying The facts ░░░░░░░░ crystal clear You ve ░░░░░░░░ to grow the economy ░░░░░░░░ the ability for America ░░░░░░░░ earn its way back ░░░░░░░░ can t close our ░░░░░░░░ mine and then buy ░░░░░░░░ in Australia Elon Musk ░░░░░░░░ he told me he ░░░░░░░░ lithium in Australia He ░░░░░░░░ I could buy it ░░░░░░░░ Nevada but they closed ░░░░░░░░ mine He ships it ░░░░░░░░ Australia to make batteries ░░░░░░░░ how much does that ░░░░░░░░ The whole green thing ░░░░░░░░ from Australia and shipping ░░░░░░░░ here it s not ░░░░░░░░ Expensive as heck It ░░░░░░░░ gas to get it ░░░░░░░░ and coal to dig ░░░░░░░░ out of the ground ░░░░░░░░ both to have served ░░░░░░░░ prior Republican administrations and ░░░░░░░░ group of business executives ░░░░░░░░ ross piroux and Charles ░░░░░░░░ and all the way ░░░░░░░░ Steve schwartzman and greatest ░░░░░░░░ the best and giving ░░░░░░░░ names that give us ░░░░░░░░ Everybody walks into this ░░░░░░░░ will be vouched for ░░░░░░░░ a conversation of CEO ░░░░░░░░ 100 billion company He ░░░░░░░░ 626789 I said when ░░░░░░░░ you turning 6 Mike ░░░░░░░░ gave me names and ░░░░░░░░ I turn 63 in ░░░░░░░░ What s your next ░░░░░░░░ Make a couple hundred ░░░░░░░░ million That going to ░░░░░░░░ your life Why don ░░░░░░░░ you serve and take ░░░░░░░░ chance to do it ░░░░░░░░ goes why what do ░░░░░░░░ think I d do ░░░░░░░░ don t know run ░░░░░░░░ office of management and ░░░░░░░░ 6 5 trillion budget ░░░░░░░░ like the coolest job ░░░░░░░░ that s a big ░░░░░░░░ 100 billion company and ░░░░░░░░ calls me the next ░░░░░░░░ and said all right ░░░░░░░░ m in We re ░░░░░░░░ to field the greatest ░░░░░░░░ athletes ever This is ░░░░░░░░ to be the best ░░░░░░░░ re going to balance ░░░░░░░░ budget for Donald Trump ░░░░░░░░ make this the greatest ░░░░░░░░ ever He s got ░░░░░░░░ term and we ll ░░░░░░░░ the ground so hard ░░░░░░░░ fast it ll be ░░░░░░░░