He lives in a parallel universe
The best part of the American ethos is the belief that we can build our way out of anything. Behind China on chips and fabs? Let's build. Challenged by BYD? Let's build. Catch a glimpse of a future massively accelerated by AI? LET'S BUILD.
Build Chips and fabs = build some megaproject that won't be used because stockholders prefer to save $0.04 per unit
Challenged by byd? Let's sweep it under the rug with tariffs. But when in a few years their cars are actually better than Ford and GM, what to do?
Finally the ai grift with massive underutilized datacenters

They also seem to ignore that those millions of regular immigrants are paying billions in taxes