.@BillAckman: "On Trump's side, we have Elon Musk, Robert F. Kennedy Jr., Tulsi Gabbard, and Vivek Ramaswamy. These are actually very, very capable people. Musk is focused on everything from regulation to government efficiency to waste and cutting costs. He's obviously pretty good at that. He let go of 80% of X, and it's a much more highly functioning, better product today.
Kennedy is going to focus on corruption, pharma, and making Americans healthy. These are critical issues for the country. Part of the reason why our budget's out of balance is we have such an unhealthy populace. We spend an absolute fortune on health care, and we have the worst health outcomes of any major country in the world. If we can change that alone, we're going to save enormous amounts of money.
I credit Trump. Strong leaders are not afraid to bring on talented people to work alongside them. JD Vance is an extremely intelligent and articulate. Compare Tim Walz in terms of mental acuity, talent, and life achievement versus JD Vance. I think that speaks to what the leadership team will look like in the Trump administration, and I'm excited about it.
The Trump approach accelerates the growth of the country and eliminates a lot of regulations that make no sense and are holding back economic progress. Think about how long it takes to build a bridge, a building, or even a home in the United States, the nature of the approvals you have to get, and the number of government agencies.
Look at the Biden administration; they spent $42 billion on rural internet, and no one has been connected in years. They spent $7 billion on a dozen charging stations. The government is notoriously inefficient. So I think one massive review of the regulatory quagmire to set up the country efficiently and having Elon Musk as your partner in this enterprise is a huge home run. When was the last time you heard a presidential candidate talk about cutting waste in government?
So, having a department of government efficiency makes tremendous sense. Eliminate waste. Accelerate growth. Reduce the cost of energy, which is embedded in the cost of everything. And we grow our way and improve our efficiency out of the debt problem. This is still the most entrepreneurial nation in the world. AI is this incredibly powerful technology that is going to be transformative, and I think that's how we're going to solve the problem.
We solve it with growth and efficiency. We're introducing technology into the corporate landscape to make business more efficient. We haven't looked at introducing technology to the government to make it more efficient. I couldn't imagine a better person than Elon Musk to help with that."