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Date
Summary
Tim O’Brien: Trump’s Visa Gold Card Program at $5M a Pop Is a Pipe Dream, a ‘Kind of Fiscal Snake Oil’
Subjects
Source
MSNBC / MS NOW

Name: MSNBC / MS NOW
URL: http://www.msnbc.msn.com/
Show
Alex Witt Reports
Name: Alex Witt Reports
URL: https://www.msnbc.com/weekends-with-alex
Persons
Alex Witt
, Tim O’Brien

Name: Alex Witt
Employment: MSNBC
Position: Anchor

Name: Tim O’Brien
Employment: Bloomberg View
Position: Executive Editor
Event
Event location
–
Link
–
Original recording
Uploaded
03/01/2025 10:27 pm
Owner
Elizabeth (staff)
Type
Video
Format
MP4 (720x406)
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Duration
0:02:44
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7
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Transcript
RUSH TRANSCRIPT WITT Let ░░░░░░░░ settle in But yeah ░░░░░░░░ O Brien So Trump ░░░░░░░░ his plan to replace ░░░░░░░░ foreign investors visa program ░░░░░░░░ the Trump gold card ░░░░░░░░ is a 5 million ░░░░░░░░ to give wealthy foreigners ░░░░░░░░ fast track to permanent ░░░░░░░░ and a path to ░░░░░░░░ So let s listen ░░░░░░░░ Trump doing the math ░░░░░░░░ If we sell 10 ░░░░░░░░ which is possible 10 ░░░░░░░░ highly productive people coming ░░░░░░░░ or people that were ░░░░░░░░ to make productive they ░░░░░░░░ be young but they ░░░░░░░░ talented like a talented ░░░░░░░░ That s 50 trillion ░░░░░░░░ means our debt is ░░░░░░░░ paid off and we ░░░░░░░░ 15 trillion above that ░░░░░░░░ Okay How realistic is ░░░░░░░░ s goal of selling ░░░░░░░░ million gold cards at ░░░░░░░░ million bucks a piece ░░░░░░░░ do you think it ░░░░░░░░ bring in young highly ░░░░░░░░ people As he claims ░░░░░░░░ he gave the you ░░░░░░░░ example of an athlete ░░░░░░░░ nonetheless O BRIEN You ░░░░░░░░ programs like this aren ░░░░░░░░ unusual Alex a lot ░░░░░░░░ western countries have them ░░░░░░░░ logic is that it ░░░░░░░░ in people who are ░░░░░░░░ skilled or have thick ░░░░░░░░ In either case it ░░░░░░░░ them to contribute to ░░░░░░░░ economy in an overt ░░░░░░░░ that makes it worthwhile ░░░░░░░░ them pay for these ░░░░░░░░ So a couple of ░░░░░░░░ on that One is ░░░░░░░░ class migrants on mosques ░░░░░░░░ a great deal to ░░░░░░░░ U S economy on ░░░░░░░░ own Whether they pay ░░░░░░░░ their visas or not ░░░░░░░░ has been the truth ░░░░░░░░ the United States economy ░░░░░░░░ at least two centuries ░░░░░░░░ secondly the Trump Administration ░░░░░░░░ about a 2 trillion ░░░░░░░░ between what they say ░░░░░░░░ want to cut from ░░░░░░░░ and what they actually ░░░░░░░░ cut And so far ░░░░░░░░ of the cost cutting ░░░░░░░░ Trump has done through ░░░░░░░░ and Elon Musk and ░░░░░░░░ these layoffs have all ░░░░░░░░ very performative The only ░░░░░░░░ you re really going ░░░░░░░░ get your arms around ░░░░░░░░ the us budget is ░░░░░░░░ going after big entitlement ░░░░░░░░ like Social Security Medicare ░░░░░░░░ defense spending va spending ░░░░░░░░ then there s interest ░░░░░░░░ the national debt All ░░░░░░░░ these things are not ░░░░░░░░ to get solved by ░░░░░░░░ simply trading visas at ░░░░░░░░ million a pop It ░░░░░░░░ a pipe dream He ░░░░░░░░ just selling this as ░░░░░░░░ kind of fiscal snake ░░░░░░░░ but it s not ░░░░░░░░ to achieve its goals.”
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