Chapter 1: What is the main topic discussed in this episode?
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Make us part of your weekend routine on Bloomberg Television, radio, and wherever you get your podcasts. Bloomberg Audio Studios. Podcasts. Radio. News. Joining us now, as you can see, if you're with us on Bloomberg TV, is the Secretary of the Interior, Doug Burgum. Mr. Secretary, great to have you with us here on Bloomberg TV and radio.
I'd like to zero in on the President's speech with you from your vantage point. Record length and a lot to talk about. What did he propose for the year ahead that's important to your agency?
Well, let's just start at the top line. This is incredibly courageous, forward-looking talk, and celebrating our 250th anniversary as a country, going literally back to our founding. And tonight, who would have known when you're coming to hear the speech, you're going to get an opportunity to be present. for the Medal of Honor being delivered twice.
One for heroics from a warrior from World War II and Korea War, who's 100 years old, and then someone who just weeks ago was courageously led the charge as one of our helicopter pilots when they were arresting Maduro. So it spanned the whole 250 years. But again, I would just say two takeaways. Peace around the world, prosperity for Americans, affordability,
affordability, President Trump's policies, turning this country around in the last 12 months.
A lot of focus on energy, as we expected this evening, as he reminded Drill Baby Drill, but also talked about what he would like to see, the ability of the big tech companies, the hyperscalers, having the opportunity to bring in their own power plants to put aside their data centers, essentially off the grid. Is that something that the Interior Department is in the process of unlocking?
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Chapter 2: What insights does Secretary Doug Burgum share about the State of the Union address?
It really is an extension of human capability, whether it's curing cancer, providing a tutor for every school kid in the world, or solving the most complex problems we've ever faced. This is something that we need, and America and the free world needs to make sure that we're competitive in this AI arms race, and the way we do that is generate more power.
Energy addition, there is no such thing as energy transition if you're shutting down 7 by 24 secure base load and adding intermittent unreliable foreign sourced energy. That's energy fantasy. President Trump's focused on energy reality.
You're not only the Interior Secretary, but you're also a surrogate of the President. Typically after the State of the Union, we see Cabinet Secretaries fan out across the country to hit home, to deliver the message that the President began tonight. Do you have travel plans? What do the next weeks and months look like for you?
Well, absolutely. And, of course, all the cabinet secretaries will tie it in with part of their jobs. So I'm going to be heading out to western states where we have a large degree of federal land, a lot of intersection with those federal assets.
What we like to say, the Department of Interior has got the largest balance sheet in the world, 500 million acres of land, 700 million acres of subsurface rich with minerals, 3 billion acres of offshore from American Samoa to the U.S. Virgin Islands. Gulf of America, which represents a huge energy component mix for our country. But yeah, we'll be spanning out and delivering the message.
And the message is one that's a forward-looking prosperity. When you talk about the policies for your business, we're talking about cutting taxes, massively cutting regulations, record investment, incomes are up, inflation is down. interest rates are down, and affordability of housing is becoming more affordable. I mean, this is President Trump's right.
We are entering a new golden age of abundance. This first year was an amazing 180-degree turnaround. The next year going forward could be nothing short of an economic miracle.
We'll be watching for you here in Washington on the campaign trail throughout the midterms. Mr. Secretary, thanks for joining us once again on Bloomberg TV and radio.
Thank you for being here.
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