4.6 • 1.3K Ratings
🗓️ 25 March 2025
⏱️ 18 minutes
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0:00.0 | So Howard Lucknick came out and he said that you'll start feeling the power of the U.S. economy by Q4 of 2025. |
0:07.0 | Do you want to explain who Howard Lutnik is? |
0:09.0 | Sure. So he's one of the people that Trump put in place, I believe his official title commerce secretary. |
0:15.0 | And when you want to think about roles in the government, we are in a deficit of roughly |
0:22.5 | $2 trillion. |
0:24.5 | Doge's goal is to cut a trillion of waste, and Lutnik is a counterpart. |
0:30.4 | His goal is to produce a trillion dollars in excess revenue, so then that way you erase the |
0:36.0 | $2 trillion in deficit each year |
0:37.7 | and just to give you guys some context on this one too Neil and I both highly |
0:41.0 | recommend that you listen to this all-in podcast episode with Howard |
0:43.8 | Lutnik and he's a tremendous guy he he lost 650 of his close friends and |
0:49.8 | employees during 9-11 all in one day because they're in one of the towers. |
0:55.0 | And but he's a tremendous entrepreneur. |
0:57.0 | He has known the president for a very long time. |
1:00.0 | And he's the one that actually recruited David Sacks and a bunch of other people to the cabinet. |
1:05.0 | So he's known as a great recruiter. |
1:07.0 | And so he basically started explaining stuff around the economy and stuff that I didn't even know in terms of what the balance sheet looks like for the economy right now. |
1:15.1 | And his plan is to grow the economy while Elon's is to cut. |
1:18.8 | Both him and Elon, it's almost like a competition. |
1:22.1 | Elon's like, I'm not just going to cut one trillion. |
1:23.7 | I'm going to cut two trillion. |
1:24.8 | And then Howard Lutnik is like, I'm not just going to make one trillion, I'm going to make way more than that. And after he joined, it's only been seven weeks. |
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