00:00Just to make one last point on this, so the last administration signed a contract with an American company to fix the copper to fiber, and that contract was a 15-year contract.
00:12The system is failing today, but that's how idiotic and incompetent the last administration was, and under your leadership, we're saying, listen, we don't have time, we don't have 15 years, we don't have five years, we have to do it right now, and so the president always talks about on time and on budget.
00:26We have embraced that, we are going to be on time and on budget, and by the way, you mentioned a train out in California, stay tuned for, probably give us five days and you'll have an answer on what's going to happen with the $4 billion that we potentially have invested on a train that's going to go nowhere, it's going to be $120 billion that will never connect San Francisco to L.A., again, the last administration wasted so much money on projects that never work.
00:53If you're going to have high-speed rail, you're going to invest billions, we should actually have high-speed rail in America, not boondoggles that fund political friends and allies and family.
01:02They have from San Francisco, inside of San Francisco to inside of Los Angeles, should have never been built because airplanes do it better, and you can drive it, you can drive it, no problem with driving it, the roads aren't even crowded, so they were going to do this, somebody's idea.
01:17Somebody got paid off a lot of money and they started it, it was going to cost a very small amount of money and it ended up costing up literally hundreds of times what the original, and now what they did is they said, well, going into the city is too big a deal, so we'll leave it 25 miles short of the city.
01:36So now they're leaving it, they're not going to finish it, really, it's not the same project, so now they're leaving it outside of San Francisco and outside, short of each.
01:47They just want to get it done, and it's, I've never seen cost overruns, you know, if you have a cost overrun of 10%, you should be ashamed of yourself, 20%, you should not do any more jobs.
01:58This is a cost overrun of 2,000%, something like that, it's unlimited, and it's not finished, and maybe it will never get finished, and I told Sean, look at it from every standard, but we don't want to, you know, we have federal money going into that, and it's like throwing it out the window, so whatever you can do to stop it.
02:19$15 billion and not one track has been laid. $15 billion and we're 16 years into the project, not one track.
