Latest / NO FILTER / Elon Musk loses job_ power and _50B_ Melber on Musk_s losing bet in Trump 2nd term(MP3_160K)

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Elon Musk loses job_ power and _50B_ Melber on Musk_s losing bet in Trump 2nd term(MP3_160K) · NO FILTER

• 0:00
  Speaker 1: What an experiment in both governance and billionaire power grabs
• 0:05
  Speaker 1: is ending. And it's kind of different than what we
• 0:08
  Speaker 1: might have thought when it began. Elon Musk leaving his
• 0:10
  Speaker 1: government work, and he made this what is basically an
• 0:13
  Speaker 1: admitted exit kind of interview, final appearance with the president,
• 0:18
  Speaker 1: And as with other situations with loud, powerful or political people,
• 0:24
  Speaker 1: sometimes even when they admit something or reality suggests something
• 0:28
  Speaker 1: like he has less power than he did on day
• 0:30
  Speaker 1: one and he's leaving, we're still hearing that he'll be around.
• 0:35
  Speaker 2: So I expect to remain a friend and an advisor,
• 0:39
  Speaker 2: and certainly if the president wants me to do, I'm
• 0:43
  Speaker 2: at the presidence of.
• 0:44
  Speaker 3: Its Elon has worked tirelessly helping lead the most sweeping
• 0:48
  Speaker 3: and consequential government reform program in generations.
• 0:55
  Speaker 1: Will the real president police stand up, you might say,
• 0:58
  Speaker 1: to paraphrase em and m Elon Musk standing over the
• 1:01
  Speaker 1: proceedings a kind of physical way that he likes to
• 1:04
  Speaker 1: announce himself, just as he.
• 1:05
  Speaker 4: Did in cabinet meetings.
• 1:07
  Speaker 1: But of course the real president seated was watching him
• 1:10
  Speaker 1: stand up to go. And while they said some nice
• 1:13
  Speaker 1: things about each other, let's be clear that on the evidence,
• 1:16
  Speaker 1: which is how we all try to keep track of things.
• 1:18
  Speaker 1: If we're being serious in journalism or policy, you have
• 1:21
  Speaker 1: to count it up. A lot of these things did
• 1:24
  Speaker 1: not work as they were claimed to work.
• 1:27
  Speaker 4: A lot of these so called savings did not materialize.
• 1:30
  Speaker 1: And that's before you even get to counting up the
• 1:33
  Speaker 1: cost of some of these cuts. Now, Musk set out
• 1:36
  Speaker 1: to save one hundred and fifty billion dollars, that's what
• 1:39
  Speaker 1: he says he might have gotten. Of course, that's far
• 1:41
  Speaker 1: less than the trillions he promised, and he is leaving.
• 1:44
  Speaker 1: He could have taken a permanent position where he'd have
• 1:46
  Speaker 1: to do more transparency or divest, but instead he's getting
• 1:49
  Speaker 1: out of dodge. There are independent reports which suggests if
• 1:53
  Speaker 1: you look at actual, verified savings and not the sort
• 1:56
  Speaker 1: of rosy estimates, you get down to sixteen billion in
• 2:02
  Speaker 1: federal dollars when you talk about multi year programs, that's
• 2:05
  Speaker 1: actually a tiny slice. The New York Times reports that
• 2:09
  Speaker 1: the approach when I just mentioned how the things work,
• 2:11
  Speaker 1: the firings and then sometimes rehirings, the productivity loss paid
• 2:15
  Speaker 1: leave for the people that they fired when they didn't
• 2:17
  Speaker 1: really have a plan worked out also adds upwards of
• 2:21
  Speaker 1: one hundred and thirty five.
• 2:22
  Speaker 4: Billion in the fiscal year.
• 2:25
  Speaker 1: Now, because this was so chaotic and fast, they the
• 2:29
  Speaker 1: government and today the New York Times and reports and
• 2:32
  Speaker 1: we here at MSNBC cannot give.
• 2:34
  Speaker 4: You a full and exact accounting.
• 2:36
  Speaker 1: I can just show you that when it's all said
• 2:38
  Speaker 1: and done, he may have cost more than he saved.
• 2:41
  Speaker 4: And he was supposed to be mister savings. Now.
• 2:44
  Speaker 1: We don't know why different information leaks out when it does.
• 2:47
  Speaker 4: But in this tough news day for mister Musk.
• 2:50
  Speaker 1: And a tough day for him in politics as he
• 2:52
  Speaker 1: kind of steps back, there are quite serious reports about
• 2:56
  Speaker 1: his use of drugs walling up to Trump on the
• 3:01
  Speaker 1: campaign trail as recently as last year. Now Times puts
• 3:05
  Speaker 1: it that he was using drugs more intensely than previously known.
• 3:08
  Speaker 4: The article lists.
• 3:09
  Speaker 1: Quote ketamine, ecstasy, psychedelic mushrooms, adderall.
• 3:14
  Speaker 4: That is a serious set of claims.
• 3:17
  Speaker 1: And while people can debate what private individuals do, whether
• 3:21
  Speaker 1: it breaks the law or not, and how newsworthy that is,
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  Speaker 1: this matters for someone who is wielding government power, who
• 3:27
  Speaker 1: was overseeing programs where they fire people.
• 3:29
  Speaker 4: Some people in the federal government can be removed for
• 3:31
  Speaker 4: drug use.
• 3:32
  Speaker 1: He was working as a special employee in the federal government,
• 3:35
  Speaker 1: and the Times is reporting about that.
• 3:37
  Speaker 4: I also want to tell you that while that's in
• 3:39
  Speaker 4: the Times, ABC News has not confirmed it. Now Musk
• 3:42
  Speaker 4: has discussed some of these issues. Take a listen.
• 3:46
  Speaker 2: But you've admitted that you've had you have a ketamine
• 3:49
  Speaker 2: subscription prescription.
• 3:51
  Speaker 4: Yeah, yeah, yeah. Do you think you're ineviraating when you
• 3:53
  Speaker 4: do ketemine?
• 3:54
  Speaker 5: No?
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  Speaker 2: If you do a lot of ketamine, then you're enebriated,
• 3:57
  Speaker 2: if you're if you're a small kmount, you or not.
• 3:59
  Speaker 4: That's my quest about do you ever use it? That's
• 4:01
  Speaker 4: why I don't think so.
• 4:05
  Speaker 1: That was an exchange there with journalist Don Lemon, who
• 4:09
  Speaker 1: was then ousted from X which Musk had bought after
• 4:13
  Speaker 1: that interview. I do want to know in the timeline
• 4:16
  Speaker 1: because some of this has to do with his political
• 4:18
  Speaker 1: and government activities. The interview itself there was before the
• 4:20
  Speaker 1: campaign time that he was spending with Trump, and the
• 4:23
  Speaker 1: Times reports that it did go they say, and they're
• 4:26
  Speaker 1: reporting his usage was beyond what you might call quote
• 4:29
  Speaker 1: occasional use. Now, with regard to whether this affects his
• 4:35
  Speaker 1: wielding of federal powers, that report does not state whether
• 4:39
  Speaker 1: this was happening in the last one hundred and twenty
• 4:41
  Speaker 1: days during this period, Musk.
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  Speaker 4: Also sidestepping a question about it.
• 4:44
  Speaker 1: At that press conference, he went on the attack against
• 4:46
  Speaker 1: journalism instead of just addressing it.
• 4:49
  Speaker 4: The White House also put out statements.
• 4:51
  Speaker 1: Praising Musk, but has not addressed those issues separately. All
• 4:55
  Speaker 1: of this news is coming as Musk is leaving an
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  Speaker 1: operation where even and he doesn't claim he succeeded leaving
• 5:02
  Speaker 1: public service having lost many billions of dollars because the
• 5:07
  Speaker 1: public had views about his service and it affected him.
• 5:11
  Speaker 1: And he is now distancing himself from at least some
• 5:13
  Speaker 1: Trump policies.
• 5:16
  Speaker 2: It's not like I agree with everything the administration do.
• 5:19
  Speaker 2: Is I'm a little stuck in a bind where I'm like, well,
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  Speaker 2: I don't want to speak out against the administration, but
• 5:27
  Speaker 2: I don't want to also don't want to take responsibility
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  Speaker 2: for everyth the administration is doing.
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  Speaker 4: Welcome to public service. The difference between Musk and.
• 5:40
  Speaker 1: Virtually everyone else who signs up to work for a
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  Speaker 1: president is most people treat it like the serious, full
• 5:46
  Speaker 1: time job that it is. They take an oath to
• 5:48
  Speaker 1: the Constitution, they understand as long as you're in that job,
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  Speaker 1: you do do the thing he said he didn't want
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  Speaker 1: to do. You have to go along with the values
• 5:55
  Speaker 1: and plans of the person you work for, in this case,
• 5:57
  Speaker 1: the president, or if you reach a breaking point, you quit.
• 6:00
  Speaker 4: Musk is again trying to have it both ways, and
• 6:02
  Speaker 4: he has.
• 6:02
  Speaker 1: Clearly bassed in some of the power and attention of
• 6:05
  Speaker 1: being tied to the president and donating a lot of
• 6:07
  Speaker 1: money to the president when they were running last year,
• 6:09
  Speaker 1: while also wanting to make the break in ways that
• 6:12
  Speaker 1: benefit or matter to him. He did express disapproval disagreement
• 6:16
  Speaker 1: with aspects of that budget, and he noted that it
• 6:19
  Speaker 1: is in conflict with his supposed goal of saving money,
• 6:21
  Speaker 1: which he's leaving having not achieved.
• 6:24
  Speaker 4: Meanwhile, we have.
• 6:25
  Speaker 1: The tariffs, which many business leaders continue to oppose the
• 6:28
  Speaker 1: way Trump launched them, how they've affected chaotic markets this
• 6:31
  Speaker 1: week getting.
• 6:32
  Speaker 4: A court setback.
• 6:33
  Speaker 1: The Treasury Secretary is still going back and forth about
• 6:36
  Speaker 1: how Trump's inconsistent messaging towards China and whether they'll be high, medium,
• 6:41
  Speaker 1: or low tariffs, how that's affecting negotiations there.
• 6:46
  Speaker 5: I would say that they are a bit stalled. So
• 6:51
  Speaker 5: stalled there was a time when the President thought that
• 6:54
  Speaker 5: it was moving forward pretty significantly. Again, I think that
• 7:01
  Speaker 5: given the magnitude of the talks, given the complexity, that
• 7:06
  Speaker 5: this is going to require both leaders to weigh in
• 7:11
  Speaker 5: with each other.
• 7:15
  Speaker 4: That's the Trump perspective.
• 7:17
  Speaker 1: Those are the people defending how this is going, and
• 7:19
  Speaker 1: I guess because they've dealt with so much reality setbacks,
• 7:23
  Speaker 1: market feedback, they are finding that just lying or claiming
• 7:26
  Speaker 1: that things are perfect doesn't work. So we're hearing a
• 7:29
  Speaker 1: still best case scenario of failed.
• 7:32
  Speaker 4: Trade war policies.
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  Speaker 1: We've gone from ninety deals in ninety days to maybe
• 7:37
  Speaker 1: we're going to get a deal to the deals are stalled.
• 7:41
  Speaker 4: Now.
• 7:41
  Speaker 1: There's a report that says this trade war thus far
• 7:44
  Speaker 1: has already cost over.
• 7:45
  Speaker 4: Thirty billion dollars. Not all of that will be felt
• 7:48
  Speaker 4: by people.
• 7:49
  Speaker 1: Overnight Reuters making the point that the lass sales, the
• 7:52
  Speaker 1: higher costs will kind of spread out as costs across
• 7:55
  Speaker 1: the economy and they'll be paid by a lot of
• 7:58
  Speaker 1: regular people.
• 7:59
  Speaker 4: A company ceo speaking out.
• 8:01
  Speaker 3: Today, because the rules change every two days, like we're
• 8:06
  Speaker 3: stuck in some sort of telenovella. You don't really know
• 8:10
  Speaker 3: what to do make We are constantly making decisions with
• 8:14
  Speaker 3: guesses because we don't know what the rules are. This
• 8:18
  Speaker 3: is our own government doing this to us, which is shocking.
• 8:22
  Speaker 4: It's absolutely shocking that continues to happen.
• 8:27
  Speaker 1: And while on some days the trade war might not
• 8:29
  Speaker 1: feel like big news, it might not have another inflection point,
• 8:34
  Speaker 1: it is the daily life and setback of so many
• 8:37
  Speaker 1: of these companies and businesses. This is not necessarily at
• 8:41
  Speaker 1: this point a big story about ideology. It's become a
• 8:44
  Speaker 1: story about competence and incompetence. A US government led by
• 8:48
  Speaker 1: Donald Trump claiming we're going to do this thing and
• 8:51
  Speaker 1: then failing to do that thing, and then the thing
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  Speaker 1: they're doing costing Americans a lot of money.
• 8:56
  Speaker 4: And the whole point in the beginning.
• 8:57
  Speaker 1: Was it was going to save us money or make
• 8:59
  Speaker 1: us stronger again to other countries. Over at the ports,
• 9:02
  Speaker 1: reporting shows the inconsistency is taking its toll, one official
• 9:07
  Speaker 1: saying one day makes sense the ship, the next day
• 9:09
  Speaker 1: it doesn't. Over in Europe, trade negotiator says it doesn't
• 9:12
  Speaker 1: make any sense negotiating about tariffs that might be proved illegal,
• 9:16
  Speaker 1: citing the US court ruling against Trump this week, the
• 9:20
  Speaker 1: courts leave some latitude for Congress and the President to
• 9:24
  Speaker 1: do normal tariffing and normal trade work.
• 9:27
  Speaker 4: That's why if you think back.
• 9:29
  Speaker 1: Even if you're not following it that closely, you might
• 9:31
  Speaker 1: not remember huge court rulings against the trade policies of
• 9:36
  Speaker 1: the last several presidents in both parties. But Trump, on
• 9:39
  Speaker 1: this issue, like on immigration, has pushed these laws past
• 9:42
  Speaker 1: the breaking point, and that's why he's getting adverse rulings.
• 9:46
  Speaker 1: Take the Fox News sister outlet, the Wall Street Journal,
• 9:49
  Speaker 1: they're very pro trade, pro Wall Street editil Board says
• 9:55
  Speaker 1: it's time that court ruling put Trump he's the chief executive.
• 10:00
  Speaker 1: Put Trump in his proper constitutional place, noting he is
• 10:05
  Speaker 1: no tariff king and he's not supposed to be. Some
• 10:08
  Speaker 1: Republicans are pointing out the obvious problems. Karl Rove, the
• 10:11
  Speaker 1: Bush Republican who at times has clashed with Trump, says
• 10:14
  Speaker 1: their messaging is a muddled mess in. Trump's chaotic trade
• 10:16
  Speaker 1: war badly damages Republicans, he warns, going into the midterms.
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  Speaker 4: So is it as bad as it looks or is
• 10:24
  Speaker 4: it worse?
• 10:26
  Speaker 1: That's the first way you can put it, even if
• 10:27
  Speaker 1: you only cite sources like the Wall Street Journal. In
• 10:30
  Speaker 1: Carl rove to say nothing of the other independent analysts
• 10:33
  Speaker 1: and liberal critics who say Trump's second hundred days are
• 10:38
  Speaker 1: even more of a disaster than the first, which is
• 10:40
  Speaker 1: why he's losing from the markets to the courts.