Dan Bongino
π€ SpeakerAppearances Over Time
Podcast Appearances
But these are hard numbers.
These numbers are stunning.
What is happening right now?
The answer is very simple.
I told you yesterday.
You have President Trump deregulating a red tape heavy bureaucratic federal bureaucracy.
In other words, telling business we're going to get out of your way.
I'll just give you one example from yesterday.
There is a plan where your 401k right now from the Trump administration, this is just a small component of a massive cleaning out of government red tape to make your business run easier.
They want your 401k to be able to invest in some of the same assets that states do and wealthy folks do.
Private equity markets that would give your 401k the ability to both diversify and grow.
Now, you're probably saying to yourself in the chat, that wasn't the rule before.
No, the Biden and Obama administration hate free markets, and so do all Democrats.
So they basically had this ambiguous gray area where technically you probably could invest in private equity with your 401k, but if you did, you were likely to be sued if you were the financial advisor.
The Trump administration's trying to clear all that out.
They're not forcing you to invest in anything.
They're just telling you like, hey, the big boys make a lot of money on this stuff, private equity markets, where they get the first shot at it.
Now you're going to get a shot at it too.
Of course the Democrats are like, I can't believe it because they just don't want you to make any money.
That's one small thing of the thousands of things from bullshit appliance regulations.