WEBVTT - So What Did Musk Accomplish With ‘DOGE’?

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio news.

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<v Speaker 2>Let me tell you we have a new star. A

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<v Speaker 2>star is born Elan mars Jusan Kennemy.

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<v Speaker 1>He is the Thomas Edison plus plus plus of our age.

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<v Speaker 3>Probably his whole life is from a position of insecurity.

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<v Speaker 3>I feel for the guy.

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<v Speaker 2>I would say ninety eight percent really appreciate what he does.

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<v Speaker 2>But those two percent that are nasty, they are out

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<v Speaker 2>pay in full post.

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<v Speaker 1>We were meant for great things in the United States

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<v Speaker 1>of America, and Elon reminds us of that.

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<v Speaker 2>I'm very disappointed in Elan. I've helped Elan a lot.

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<v Speaker 1>Hey, David Papatoapple's here, hosts of E Laning, and this

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<v Speaker 1>week we're going to roll out another installment of our

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<v Speaker 1>Summer Jealousy series. This time we have co host Max

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<v Speaker 1>Chafkin interviewing wire reporter and friend of pod McKenna Kelly

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<v Speaker 1>about her eight reporting on all things Doge, past, present

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<v Speaker 1>and future. So, by the way, I'll just note that

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<v Speaker 1>this conversation was recorded before Edward Korstein, the Doge guy

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<v Speaker 1>known as Big Balls, was attacked in a carjacking in Washington, DC,

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<v Speaker 1>and before President Donald Trump responded to that incident by

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<v Speaker 1>threatening and then actually ordering the federal government to take

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<v Speaker 1>over the DC police. Okay, enough for me, enjoy the interview.

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<v Speaker 4>We're joined now by McKenna Kelly, who is a friend

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<v Speaker 4>of the show but also a senior writer at Wired.

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<v Speaker 4>She covers tech in politics, and listeners will know her

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<v Speaker 4>because for the past six months or so, McKenna has

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<v Speaker 4>been covering DOGE very closely, and we've talked her.

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<v Speaker 2>Before we talked to her, I think.

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<v Speaker 4>It was what in the beginning of the year about

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<v Speaker 4>this kind of crazy effort by Elon Musk to bring

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<v Speaker 4>these technologists into the government. But a lot's changed since then,

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<v Speaker 4>and we wanted to bring McKenna back on the podcast

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<v Speaker 4>to talk about what happened, what the legacy of DOGE

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<v Speaker 4>has been, and what comes next.

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<v Speaker 2>McKenna, thanks for joining us.

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<v Speaker 3>Yeah, it's great to be back, all right.

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<v Speaker 4>One of the reasons I wanted to do this is because,

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<v Speaker 4>you know, the Trump administration, like, there's this thing where

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<v Speaker 4>it's a reality show. Every day there's a new thing,

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<v Speaker 4>and and I think for a lot of people, DOGE

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<v Speaker 4>has sort of receded into the background, but this stuff

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<v Speaker 4>has been hugely consequential.

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<v Speaker 2>And I want to kind of take stock of it.

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<v Speaker 4>So just to start of all that's happened, big balls

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<v Speaker 4>of it, all the Elon Musk, all all the craziness.

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<v Speaker 4>Like what do you see as like the top line

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<v Speaker 4>consequence of like all of the headlines around DOGE over

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<v Speaker 4>the last six months or so.

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<v Speaker 3>Yeah, So, I mean looking at what the last few

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<v Speaker 3>months have brought from DOGE and Elon, and I think

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<v Speaker 3>even now with Elon out at the picture and leaving government,

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<v Speaker 3>I still feel like Doge has a lasting impression. And

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<v Speaker 3>I feel as if that big picture impression that we

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<v Speaker 3>can see across all agencies, across so many parts of

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<v Speaker 3>government is that it's being more run like a private

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<v Speaker 3>business than you know, what the government used to be

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<v Speaker 3>prior to this, and that comes with a lot of

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<v Speaker 3>different consequences and ramifications when it comes to hiring, staffing, contracting,

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<v Speaker 3>just a variety of things that the government does every

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<v Speaker 3>day being done in a fundamentally different way.

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<v Speaker 4>How do you evaluate the claims that Musk and others

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<v Speaker 4>in the Trump administration have made. So I was told

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<v Speaker 4>that DOGE was going to be incredibly transparent, and there

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<v Speaker 4>is a website doze dot govnor where it will tell you,

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<v Speaker 4>we'll give you like a number, like I think the

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<v Speaker 4>amount of savings right now is one hundred and ninety

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<v Speaker 4>nine billion. According to this website, there is a leader

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<v Speaker 4>board that I guess purports to show progress of which

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<v Speaker 4>agencies have saved the most. Has there been significant savings

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<v Speaker 4>as far as your reporting is shown, I think.

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<v Speaker 3>It's fair to say that we can put a number

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<v Speaker 3>on it. However, many billion, if it's one hundred and

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<v Speaker 3>nine billion, whatever it is. First of all, you know,

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<v Speaker 3>over the last six months has been hard to even

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<v Speaker 3>figure out if these numbers are legitimate. There's been so

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<v Speaker 3>many discrepancies, you know, trying to even just like the

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<v Speaker 3>numbers being completely wrong, the numbers that they pull and

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<v Speaker 3>put on that website right, and so it's hard to

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<v Speaker 3>take anything on there as fact. But I think the

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<v Speaker 3>biggest story about these savings, though, is that when you

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<v Speaker 3>look at what the government spends, so much of the

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<v Speaker 3>spending goes to defense, it goes to Medicare, it goes

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<v Speaker 3>to Social Security, and those are the things that the

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<v Speaker 3>administration didn't want to cut. So what does that leave you.

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<v Speaker 3>It leaves you with programs that the health and Human

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<v Speaker 3>Services agencies they leave you with cutting things like the

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<v Speaker 3>PEP far and treating AIDS across you know, across the globe.

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<v Speaker 3>And so what we see more so is this refusal

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<v Speaker 3>to make these cuts, you know, in different places, which

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<v Speaker 3>leaves you such a tiny kind of meager bucket in

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<v Speaker 3>the grand scheme of things, of cuts that can be made.

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<v Speaker 3>But those cuts have rastic, you know, just dramatic consequences

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<v Speaker 3>for people. There's you know, there's been experts who have

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<v Speaker 3>tried to do the math on how many people have

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<v Speaker 3>died as a result of these cuts, and it's somewhere

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<v Speaker 3>like two hundred thousands, like the number that I've seen

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<v Speaker 3>most recently, including adults and children, just from things like

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<v Speaker 3>AIDS or malaria or programs that the government, the US

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<v Speaker 3>government use to support. And so you look at the savings,

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<v Speaker 3>I think if you look at like the Trump Administration's

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<v Speaker 3>recent like big beautiful bill and all of the you know,

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<v Speaker 3>the trillions that have been added to the deficit, axios

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<v Speaker 3>recently had a number like dojis savings compared to you know,

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<v Speaker 3>the rest of it the administration has done has been

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<v Speaker 3>something like six percent, just extremely meager savings in the

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<v Speaker 3>grand scheme of things, yeah.

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<v Speaker 4>I mean the thing that's been crazy to me is

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<v Speaker 4>and I guess we should have predicted this. But if

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<v Speaker 4>you send a bunch of like first Principles thinkers to

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<v Speaker 4>do like a close reading of government spending, you may

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<v Speaker 4>find waste, but you also may sort of get tour

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<v Speaker 4>of all the things the government does, some of which

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<v Speaker 4>are really impressive. And I mean, like we've seen that

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<v Speaker 4>so vividly with pepfar, which I think many people sort

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<v Speaker 4>of if they were aware of it, they had sort

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<v Speaker 4>of forgotten about it. And you look and there are

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<v Speaker 4>estimates you alluded to this, but like we found one

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<v Speaker 4>at the Lancet estimating that because of the cuts to

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<v Speaker 4>the USAID programs, they're looking at potentially fourteen million people

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<v Speaker 4>dying between now and twenty thirty who would have otherwise lived.

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<v Speaker 4>I mean, like a real body count to some of

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<v Speaker 4>these cuts. There's also the sort of brain drain quality

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<v Speaker 4>of this, right, And of course there are two ways

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<v Speaker 4>of seeing this. You know, on one hand, maybe they're

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<v Speaker 4>just like cutting the dead weight. I mean, this comes

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<v Speaker 4>this comes up a lot anytime. There are layoffs in

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<v Speaker 4>the private sector as well, but like we're talking about

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<v Speaker 4>what like tens of thousands of people whose careers were ended.

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<v Speaker 4>I think found one estimates from the Citizens for Responsibility

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<v Speaker 4>and Ethics. It's a progressive nonprofit saying, you know, fifty

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<v Speaker 4>thousand people.

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<v Speaker 2>What do you think the scale of those losses has been.

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<v Speaker 3>Yeah, I mean, first off, like this has completely changed

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<v Speaker 3>what government work was for so many people they leave

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<v Speaker 3>the private sector and join government because it's a more

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<v Speaker 3>stable job. Sure, you're not going to get paid as

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<v Speaker 3>much as you would at a Google or Facebook or

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<v Speaker 3>something like that, but there are benefits and you're not

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<v Speaker 3>you know, you haven't been afraid of being laid off constantly,

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<v Speaker 3>So dough is completely shook that up. Everyone at these

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<v Speaker 3>agencies are still terrified, even though Elon is out. All

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<v Speaker 3>of my sources at a bunch of agencies where DOGE

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<v Speaker 3>still is are terrified that they're going to get laid off.

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<v Speaker 3>All the work that has gone to them now with

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<v Speaker 3>people who have either retired early or been forcibly removed

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<v Speaker 3>from government, that work still needs to get done. And

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<v Speaker 3>even you know, the folks who are still there are

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<v Speaker 3>completely exhausted and trying to find exit ramps themselves. And so,

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<v Speaker 3>like you mentioned, like people would go to the public

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<v Speaker 3>sector to have a bit of a piece of mind

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<v Speaker 3>about their career, and now it's just as in their minds,

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<v Speaker 3>just as tumultuous as the private sector.

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<v Speaker 4>All right, let's talk about you alluded to it a

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<v Speaker 4>couple times, but like this shift of what Doge is now.

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<v Speaker 4>You wrote a great piece for Wired about you know,

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<v Speaker 4>quote unquote Doge two point zero. What do you see

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<v Speaker 4>as Doge two point zero?

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<v Speaker 3>Yeah, So, like I mentioned, there's a lot of those

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<v Speaker 3>folks who were brought on at the beginning Edward big

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<v Speaker 3>Balls chorusing Luke Farredder. Yeah, and so a lot of

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<v Speaker 3>those kids are still in government, right, They're at a

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<v Speaker 3>variety of different agencies. Farreader is still at the Department

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<v Speaker 3>of Labor. He still has, you know, a tremendous amount

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<v Speaker 3>of power. But I think Doge one point oh can

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<v Speaker 3>be defined as this chaotic reckoning. All these people were

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<v Speaker 3>getting fired, right, It was about cuts, cuts, cuts, cuts

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<v Speaker 3>to contracts, cuts to all of that stuff. And we're

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<v Speaker 3>moving into something that feels more like a rebuilding, right,

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<v Speaker 3>So taking the scraps and the chaos that was left

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<v Speaker 3>by Doorge point one point oh, and maybe to Doge

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<v Speaker 3>two point zero, I think there's still cuts. I think

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<v Speaker 3>the Washington Post reported recently about this like DOGE deregulation

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<v Speaker 3>tool that they built. It's like an AI tool that's

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<v Speaker 3>supposed to go through two hundred thousand regulations in the

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<v Speaker 3>US government and find the ones to cut, which does

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<v Speaker 3>it sound like a very good way of going about

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<v Speaker 3>all of that. So there's still cuts, but there's major

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<v Speaker 3>IT projects that are still still undergoing. In April, I

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<v Speaker 3>reported about this tool that was being built at the

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<v Speaker 3>IRS that was essentially just just like Mega API to

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<v Speaker 3>unify all of the data at IRS to make it

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<v Speaker 3>more easily accessible and readable. That is still ongoing. It

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<v Speaker 3>was supposed to be done in thirty days, is what

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<v Speaker 3>Sam Corcos, the guy who was running that, the DOGE

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<v Speaker 3>guy who was running that IRIS, was trying to say.

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<v Speaker 3>It's definitely been a lot more than thirty days. That

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<v Speaker 3>is a very hard project. And there's you know, similar

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<v Speaker 3>projects going on at other agencies as well, and so yeah,

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<v Speaker 3>I think the OAG two point zero can be defined

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<v Speaker 3>more as this kind of rebuilding moment.

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<v Speaker 2>I think also, and tell me if this is wrong.

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<v Speaker 4>I mean, it seems like part of what's going on

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<v Speaker 4>is like these guys the Farador Cours team, the sharp

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<v Speaker 4>young things that Elon Musk brought in, the Doge bros

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<v Speaker 4>are basically being integrated within agencies, Like Doge is embedding

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<v Speaker 4>itself within different agencies and it's no longer really called

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<v Speaker 4>Doge anymore. Like the Trump administration has rebranded, and I

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<v Speaker 4>want to talk about that rebranding and like what you

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<v Speaker 4>think is driving it, because there seemed like a couple

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<v Speaker 4>of different possibilities and maybe they're all driving. One is

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<v Speaker 4>obviously the feud between Elon Musk and Donald Trump, and

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<v Speaker 4>Elon Musk essentially first being eased out of Trump's orbit

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<v Speaker 4>and then having like a full blown fight with Donald Trump,

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<v Speaker 4>where I think the Trump administration now like doesn't want

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<v Speaker 4>to have a lot of association with Elon Musk. I

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<v Speaker 4>think the second thing, which is maybe more important, is

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<v Speaker 4>that this stuff turned out to be really really unpopular.

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<v Speaker 3>Yeah, especially with the Cabinet secretary secretaries where this was happening.

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<v Speaker 3>You see these Doge people being integrated into these agencies,

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<v Speaker 3>and most of the time they're being integrated in groups

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<v Speaker 3>that are more directly reporting to the cabinet secretaries and

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<v Speaker 3>their teams rather than you know, an Amy Gleeson or

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<v Speaker 3>Steve Davis or Elon Musk. So these cabinet secretaries want

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<v Speaker 3>to have more oversight of what's happening at their agencies.

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<v Speaker 3>We heard so much about Scott Bessant being like totally

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<v Speaker 3>upset with Elon, openly feuding with him at the White House.

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<v Speaker 4>Yeah, I mean maybe he gave him the black eye.

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<v Speaker 4>We don't know, and I'm just kidding or have kidding, right, Yeah,

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<v Speaker 4>that was a.

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<v Speaker 3>Meme exactly, but you see that, And so they want

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<v Speaker 3>to have more oversight of this because even over I

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<v Speaker 3>feel like over the last couple of months we did

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<v Speaker 3>this story. You kind of talked about it about DOGE

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<v Speaker 3>two point zero and what it is, and I remember

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<v Speaker 3>we went to the White House and even some of

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<v Speaker 3>you know, senior administration officials there still had no idea

0:12:02.520 --> 0:12:04.600
<v Speaker 3>of what DOGE was doing. Like some of what we're

0:12:04.640 --> 0:12:07.600
<v Speaker 3>telling them is like news to them, and so they

0:12:07.679 --> 0:12:10.800
<v Speaker 3>need I think part of this new version of DOGE

0:12:11.120 --> 0:12:14.920
<v Speaker 3>is giving it a bit more accountability and oversight from

0:12:15.240 --> 0:12:16.560
<v Speaker 3>the politicals in charge.

0:12:16.800 --> 0:12:19.160
<v Speaker 4>Yeah, this story that you're talking about, this is Doughtube.

0:12:19.440 --> 0:12:21.960
<v Speaker 4>Listeners should definitely read it because it gives kind of

0:12:22.000 --> 0:12:25.120
<v Speaker 4>like the most comprehensive account of like what is happening

0:12:25.200 --> 0:12:28.760
<v Speaker 4>right now published in early July. One thing, and mckennay,

0:12:28.760 --> 0:12:31.560
<v Speaker 4>you alluded to this earlier, but part of this dough

0:12:31.640 --> 0:12:33.880
<v Speaker 4>tube we know is adopting some of these sort of

0:12:34.400 --> 0:12:41.360
<v Speaker 4>corporate processes that seem at once very familiar to anyone

0:12:41.360 --> 0:12:43.920
<v Speaker 4>who's worked in a large company and also just like

0:12:44.040 --> 0:12:48.360
<v Speaker 4>comically inefficient. It's like the next step of the you know,

0:12:48.400 --> 0:12:52.480
<v Speaker 4>Elon Musk loved to show the like memes of the

0:12:52.840 --> 0:12:55.679
<v Speaker 4>Office Space Consultants, the Bobs, acting like he was one

0:12:55.679 --> 0:12:58.960
<v Speaker 4>of the Office Space consultants, which always felt weird because you're, like,

0:12:59.000 --> 0:13:01.319
<v Speaker 4>the Bobs are the villains of that movie, and now

0:13:01.360 --> 0:13:06.000
<v Speaker 4>we're getting sort of weird corporate processes that don't seem

0:13:06.040 --> 0:13:09.720
<v Speaker 4>inherently who knows, maybe they are more efficient, but they

0:13:09.720 --> 0:13:12.400
<v Speaker 4>don't seem obviously more efficient to me. It seems like

0:13:12.559 --> 0:13:15.400
<v Speaker 4>many of your sources don't necessarily view them as inherently

0:13:15.440 --> 0:13:17.000
<v Speaker 4>more efficient than what was going on before.

0:13:17.360 --> 0:13:19.560
<v Speaker 3>Yeah, one of the things that stands out to me

0:13:19.600 --> 0:13:23.360
<v Speaker 3>that maybe isn't like the sexiest thing, but there was

0:13:23.400 --> 0:13:25.640
<v Speaker 3>the Executive Order earlier this year where they wanted to

0:13:25.920 --> 0:13:30.640
<v Speaker 3>bring procurement and contracting into GSA, and so GSA, the

0:13:30.679 --> 0:13:33.559
<v Speaker 3>General Services Administration, would be doing all of the contracting

0:13:33.600 --> 0:13:37.200
<v Speaker 3>work for every agency, which maybe sounds great, right to

0:13:37.280 --> 0:13:40.240
<v Speaker 3>somebody in the private industry, like we should have one

0:13:40.360 --> 0:13:42.880
<v Speaker 3>team doing all of this work. But it's really different.

0:13:42.880 --> 0:13:45.000
<v Speaker 3>When GSA does a lot of like tech, they do

0:13:45.080 --> 0:13:47.760
<v Speaker 3>a lot of like work specialized for them that they've

0:13:47.760 --> 0:13:49.800
<v Speaker 3>been doing for a very long time, instead having them

0:13:49.840 --> 0:13:52.080
<v Speaker 3>to do, you know, trying to get these people who

0:13:52.080 --> 0:13:54.880
<v Speaker 3>haven't worked at these agencies to figure out the best

0:13:54.920 --> 0:13:57.640
<v Speaker 3>you know, the best tech, the best resources, the best consultants,

0:13:57.800 --> 0:14:02.040
<v Speaker 3>all of these things. For agencies like AHHS, h CDC,

0:14:02.440 --> 0:14:06.400
<v Speaker 3>these more specialized groups, the Department of Energy and Nuclear,

0:14:06.679 --> 0:14:09.160
<v Speaker 3>you're asking folks who have no background in this to

0:14:09.240 --> 0:14:13.200
<v Speaker 3>make decisions on some of the most important programs in

0:14:13.240 --> 0:14:17.040
<v Speaker 3>our country. And so talk about inefficiency a lot of

0:14:17.040 --> 0:14:19.560
<v Speaker 3>these folks. And there's far less stuff right in these

0:14:19.560 --> 0:14:21.880
<v Speaker 3>procurement offices as well, so they're going to have to

0:14:22.440 --> 0:14:25.680
<v Speaker 3>really go through some process of like learning all of

0:14:25.680 --> 0:14:29.640
<v Speaker 3>this stuff in order to make this administration goal work.

0:14:35.600 --> 0:14:38.400
<v Speaker 4>Let's bring it back to Elon before we wrap. One

0:14:38.400 --> 0:14:40.120
<v Speaker 4>of the more intriguing things to come out of your

0:14:40.200 --> 0:14:43.960
<v Speaker 4>reporting recently was sort of information about Elon's continued to

0:14:44.000 --> 0:14:46.280
<v Speaker 4>influence within DOGE, like the fact, first of all, the

0:14:46.280 --> 0:14:48.720
<v Speaker 4>fact that a bunch of these Elon left he and

0:14:48.720 --> 0:14:52.120
<v Speaker 4>Trump are beefing. He's like talking about Epstein on Twitter

0:14:52.320 --> 0:14:56.800
<v Speaker 4>all the time, threatening to fund primary challenges, and yet

0:14:57.000 --> 0:14:58.760
<v Speaker 4>a bunch of the people he's still hired are in

0:14:58.800 --> 0:15:03.360
<v Speaker 4>positions of power. And you even reported in your story

0:15:03.840 --> 0:15:06.920
<v Speaker 4>that he was having sort of more direct influence via

0:15:07.000 --> 0:15:09.880
<v Speaker 4>deputies and so on, who are talking still kind of

0:15:09.920 --> 0:15:14.040
<v Speaker 4>in communication with members of the Trump administration or people

0:15:14.080 --> 0:15:17.400
<v Speaker 4>in senior positions. Is that still going on and do

0:15:17.400 --> 0:15:19.720
<v Speaker 4>you see that as a kind of lasting impact.

0:15:20.280 --> 0:15:24.720
<v Speaker 3>I don't have any news on whether that is still

0:15:24.720 --> 0:15:29.280
<v Speaker 3>ongoing this kinds of communication, but I do believe that

0:15:29.400 --> 0:15:34.280
<v Speaker 3>Elon's influence is still there, especially if you look at

0:15:34.320 --> 0:15:37.240
<v Speaker 3>someone like Luke Ferreder who is still in government. I

0:15:37.320 --> 0:15:42.080
<v Speaker 3>can't imagine someone like Luke or Big Balls or whoever,

0:15:42.360 --> 0:15:44.480
<v Speaker 3>or have plans to stay in the government forever.

0:15:44.840 --> 0:15:45.080
<v Speaker 2>Right.

0:15:45.680 --> 0:15:48.280
<v Speaker 3>Their allegiance is more to this kind of like Silicon

0:15:48.400 --> 0:15:52.320
<v Speaker 3>Valley mindset, these kinds of companies, and so they don't

0:15:52.320 --> 0:15:55.320
<v Speaker 3>want to do anything that would you know, put them

0:15:55.360 --> 0:15:58.800
<v Speaker 3>out of favor with Elon, and I think that is

0:15:58.840 --> 0:16:03.120
<v Speaker 3>maybe where more of that lasting influence will be as

0:16:03.160 --> 0:16:05.280
<v Speaker 3>long as those folks continue to work in government.

0:16:05.800 --> 0:16:08.840
<v Speaker 4>Do you think we're going to look back and say

0:16:09.120 --> 0:16:13.480
<v Speaker 4>that Elon Musk profited from this experience? I ask because

0:16:14.080 --> 0:16:17.360
<v Speaker 4>there have been reports at various points right about Musk

0:16:17.920 --> 0:16:21.280
<v Speaker 4>getting access to data, like not even necessarily not like

0:16:21.360 --> 0:16:24.760
<v Speaker 4>sensitive data to like violate people's privacy, but data that

0:16:24.800 --> 0:16:27.840
<v Speaker 4>would give him insight perhaps into markets that could be

0:16:27.920 --> 0:16:33.440
<v Speaker 4>useful from a business perspective. There's also been suggestions that, like,

0:16:33.520 --> 0:16:37.120
<v Speaker 4>for instance, X Money, that this effort by X to

0:16:37.280 --> 0:16:40.359
<v Speaker 4>like launch a payments platform, like one of the motivations

0:16:40.400 --> 0:16:44.120
<v Speaker 4>for gutting the CFPB, the Consumer Financial Protection Bureau, was

0:16:44.160 --> 0:16:46.760
<v Speaker 4>to launch X money, Like you could go on and on. Right,

0:16:46.760 --> 0:16:50.880
<v Speaker 4>They're different parts of the regulatory apparatus that touched Elon Musk,

0:16:50.960 --> 0:16:53.920
<v Speaker 4>And there has been this sort of suggestion that we're

0:16:53.960 --> 0:16:57.880
<v Speaker 4>not just witnessing sort of destruction of government for the

0:16:57.880 --> 0:17:01.320
<v Speaker 4>sake of efficiency. We're seeing something that looks more like looting.

0:17:01.720 --> 0:17:05.439
<v Speaker 4>And I'm kind of curious how your sources see it

0:17:05.480 --> 0:17:07.919
<v Speaker 4>and how you think about this conversation.

0:17:08.600 --> 0:17:11.520
<v Speaker 3>Yeah, so I don't know if there's really been much

0:17:11.600 --> 0:17:16.159
<v Speaker 3>reporting about whether Elon himself has like walked out of

0:17:16.200 --> 0:17:19.920
<v Speaker 3>government with this like USB drive, you know, with all

0:17:19.960 --> 0:17:24.160
<v Speaker 3>of this data on it. So I think the work

0:17:24.200 --> 0:17:27.120
<v Speaker 3>that Doge did that could benefit Elon in the long

0:17:27.200 --> 0:17:28.720
<v Speaker 3>run that we can you know that I think we

0:17:28.760 --> 0:17:32.600
<v Speaker 3>can make a fair prediction would be, like you mentioned

0:17:32.600 --> 0:17:35.760
<v Speaker 3>the CFPB for example, does Elon have information that can

0:17:35.800 --> 0:17:38.360
<v Speaker 3>maybe help in with competitors, Who knows. But what did

0:17:38.400 --> 0:17:43.359
<v Speaker 3>happen is that he his team like basically Holy defanged

0:17:43.359 --> 0:17:46.560
<v Speaker 3>that agency. If there is something that Elon wants to

0:17:46.560 --> 0:17:50.399
<v Speaker 3>do with expay or whatever it is, the regulator there

0:17:50.680 --> 0:17:53.800
<v Speaker 3>who would go after him has far less resources than

0:17:53.800 --> 0:17:57.040
<v Speaker 3>it did before. And so I don't know if we

0:17:57.040 --> 0:17:59.320
<v Speaker 3>can say that he will come out of this with

0:17:59.480 --> 0:18:02.800
<v Speaker 3>like bags of gold bullion from all of this. But

0:18:03.160 --> 0:18:08.320
<v Speaker 3>I think he's created more of a shield for himself

0:18:08.400 --> 0:18:11.399
<v Speaker 3>and his businesses by the cuts that he made on

0:18:11.440 --> 0:18:12.280
<v Speaker 3>these agencies.

0:18:12.840 --> 0:18:16.479
<v Speaker 4>What about his reputation you know for whatever you know,

0:18:16.600 --> 0:18:20.439
<v Speaker 4>help gutting the CFPV provided there is a sense that

0:18:20.560 --> 0:18:23.480
<v Speaker 4>like Trump at least say, I have a sense that

0:18:24.080 --> 0:18:27.720
<v Speaker 4>Trump has essentially let Elon take the fall for Doge

0:18:27.840 --> 0:18:29.960
<v Speaker 4>and like he's going to get blamed for this, and

0:18:30.000 --> 0:18:32.600
<v Speaker 4>like this is going to be this thing that if

0:18:32.600 --> 0:18:36.040
<v Speaker 4>you look at the public polling, is super unpopular, right,

0:18:36.080 --> 0:18:39.200
<v Speaker 4>Like the idea of making government more efficient is very popular.

0:18:39.359 --> 0:18:42.600
<v Speaker 4>The idea of Elon Musk's specific brand of making the

0:18:42.640 --> 0:18:47.760
<v Speaker 4>government efficient is extremely unpopular. And I think maybe that's

0:18:48.080 --> 0:18:51.439
<v Speaker 4>that's the legacy, is just that Elon has like permanently

0:18:52.400 --> 0:18:57.280
<v Speaker 4>damaged his reputation or or has added another thing that

0:18:57.400 --> 0:18:59.240
<v Speaker 4>is going to be hard for him to overcome in

0:18:59.320 --> 0:19:01.960
<v Speaker 4>terms of his and in terms of like his companies

0:19:02.000 --> 0:19:02.440
<v Speaker 4>and so on.

0:19:02.960 --> 0:19:06.800
<v Speaker 3>Yeah, I think that's still to be seen though, Right,

0:19:07.320 --> 0:19:10.560
<v Speaker 3>there are still like these MAGA influencers who were obsessed

0:19:10.560 --> 0:19:13.720
<v Speaker 3>with Elon. There are still these MAGA influencers who, after

0:19:13.760 --> 0:19:16.200
<v Speaker 3>all this Epstein stuff with Trump, are willing to carry

0:19:16.240 --> 0:19:18.840
<v Speaker 3>water for him as well. Right, And So I don't

0:19:18.880 --> 0:19:24.119
<v Speaker 3>know if I've seen anything that has dramatically, you know,

0:19:24.359 --> 0:19:28.040
<v Speaker 3>changed the way that you know, the people who really support,

0:19:28.119 --> 0:19:31.240
<v Speaker 3>you know, the real true believers feel about him. I

0:19:31.240 --> 0:19:34.160
<v Speaker 3>guess it's still kind of like to be seen, all.

0:19:34.160 --> 0:19:35.840
<v Speaker 2>Right, McKenna, prediction time.

0:19:36.480 --> 0:19:39.879
<v Speaker 4>We will hold you to this prediction and invite you

0:19:39.920 --> 0:19:44.560
<v Speaker 4>back to to discuss it. But how where do you

0:19:44.560 --> 0:19:47.479
<v Speaker 4>see DOGE a year from now, twenty twenty six will

0:19:47.520 --> 0:19:50.320
<v Speaker 4>be heading into the midterm elections. Is it going strong?

0:19:50.760 --> 0:19:54.080
<v Speaker 4>Is Big Ball still there? Two questions. One is a

0:19:54.119 --> 0:19:56.920
<v Speaker 4>sort of government question, which is do you think this

0:19:57.000 --> 0:20:01.040
<v Speaker 4>project will be ongoing in some form and to will

0:20:01.080 --> 0:20:03.439
<v Speaker 4>it be will it have political salience, will be a

0:20:03.440 --> 0:20:07.000
<v Speaker 4>political issue that will help decide the midterms potentially even

0:20:07.000 --> 0:20:07.919
<v Speaker 4>the next presidency.

0:20:08.480 --> 0:20:12.800
<v Speaker 3>Hmmm, Dog is technically around till July twenty sixth, the

0:20:12.840 --> 0:20:13.400
<v Speaker 3>next year.

0:20:14.000 --> 0:20:16.840
<v Speaker 2>Okay, mark your calendar listeners, that's.

0:20:16.680 --> 0:20:20.080
<v Speaker 3>When it's officially over. Kind of what I'm seeing now,

0:20:20.160 --> 0:20:24.080
<v Speaker 3>and if the trend continues for the next year, we're

0:20:24.119 --> 0:20:29.600
<v Speaker 3>going to continue to see these kinds of dog folks

0:20:29.680 --> 0:20:34.080
<v Speaker 3>from tech cycling in and out of government, you know,

0:20:34.359 --> 0:20:37.080
<v Speaker 3>doing some projects and then leaving. But I see like

0:20:37.119 --> 0:20:38.919
<v Speaker 3>there's still a bunch of people who are really excited

0:20:38.960 --> 0:20:41.600
<v Speaker 3>about this mission. I imagine they'll want to be a

0:20:41.640 --> 0:20:43.800
<v Speaker 3>part and then do their one hundred or something days

0:20:44.320 --> 0:20:47.880
<v Speaker 3>and then leave. But I don't think DOGE will ever

0:20:48.080 --> 0:20:52.800
<v Speaker 3>be what it was in January and February, right. I

0:20:52.800 --> 0:20:56.600
<v Speaker 3>think more so of what the legacy of DOGE is

0:20:56.600 --> 0:21:01.680
<v Speaker 3>is this kind of cultural shakeup, right, this changing of

0:21:02.440 --> 0:21:06.200
<v Speaker 3>what can happen in government and how it operates. And

0:21:07.080 --> 0:21:09.400
<v Speaker 3>you know, in a year from now, we'll probably see

0:21:09.440 --> 0:21:13.040
<v Speaker 3>a lot more of the consequences of these cuts, maybe

0:21:13.119 --> 0:21:16.359
<v Speaker 3>things that you know happen sooner, you know, closer to

0:21:16.400 --> 0:21:19.840
<v Speaker 3>the election that maybe. But yeah, I feel as if

0:21:20.640 --> 0:21:23.560
<v Speaker 3>the Democrats will still try and go after Elon the

0:21:23.600 --> 0:21:26.200
<v Speaker 3>Republicans for a lot of what happened this year.

0:21:26.640 --> 0:21:28.480
<v Speaker 4>Yeah, I think it's going to be a huge political

0:21:28.520 --> 0:21:31.920
<v Speaker 4>issue actually as we're talking through it, just because anything

0:21:32.000 --> 0:21:34.680
<v Speaker 4>you're mad about with the government, we've just created this

0:21:34.800 --> 0:21:38.480
<v Speaker 4>situation or the Republicans really in doing this, like create

0:21:38.520 --> 0:21:42.119
<v Speaker 4>a situation where you create all this this like huge

0:21:42.240 --> 0:21:45.280
<v Speaker 4>vector for attack, which I think is why like deficits,

0:21:45.520 --> 0:21:47.879
<v Speaker 4>it's very hard to cut deficits spending in general, and

0:21:48.440 --> 0:21:51.600
<v Speaker 4>even if you're like super subtle about it and like

0:21:51.880 --> 0:21:55.119
<v Speaker 4>very politically nuanced, you still create that vector of attack.

0:21:55.320 --> 0:21:58.040
<v Speaker 4>But Elon Musk did it in such a gonzo way

0:21:58.640 --> 0:22:00.840
<v Speaker 4>that it's going to make it almost possible for this

0:22:00.960 --> 0:22:03.760
<v Speaker 4>not to be a huge issue. I feel like we

0:22:03.800 --> 0:22:07.600
<v Speaker 4>need to stock up on those DOGE baseball Caps now

0:22:07.800 --> 0:22:10.880
<v Speaker 4>because they're gonna be hard to find in a year

0:22:10.920 --> 0:22:11.199
<v Speaker 4>from now.

0:22:11.200 --> 0:22:12.199
<v Speaker 2>We can sell him on eBay.

0:22:12.480 --> 0:22:14.600
<v Speaker 3>Baby, mm you know, I think I think you're right.

0:22:15.080 --> 0:22:17.040
<v Speaker 3>Oh man, where do we get those do chats?

0:22:17.080 --> 0:22:21.359
<v Speaker 4>Anyways, we've gotta find Elon's eBay alt and uh probably

0:22:21.440 --> 0:22:22.840
<v Speaker 4>got McKenna Kelly.

0:22:22.880 --> 0:22:23.919
<v Speaker 2>Thanks for joining.

0:22:23.720 --> 0:22:25.680
<v Speaker 3>Us, Yeah, no problem, great being here.

0:22:32.760 --> 0:22:35.639
<v Speaker 1>This episode is produced by Stacy Wong and edited by

0:22:35.680 --> 0:22:39.680
<v Speaker 1>Anna Masarrakas Blake Maple's Handles engineering, with help from Joyce

0:22:39.720 --> 0:22:45.040
<v Speaker 1>Tang Dave Purcell fact checks. Our supervising producer is Magnus Henrickson.

0:22:45.600 --> 0:22:48.359
<v Speaker 1>The Elon Inc. Theme is written and performed by Taka

0:22:48.440 --> 0:22:52.040
<v Speaker 1>Yasuzawa and Alex Sugiura. Sage Bauman is the head of

0:22:52.040 --> 0:22:55.560
<v Speaker 1>Bloomberg Podcast. A big thanks as always to our supporters

0:22:55.640 --> 0:22:59.320
<v Speaker 1>Joel Weber and Brad Stone. I'm David Popdopolis. If you

0:22:59.400 --> 0:23:02.160
<v Speaker 1>have a minute, rate and review our show, it'll help

0:23:02.200 --> 0:23:04.440
<v Speaker 1>other listeners find us. See you next week.