That man's name is Xi Jinping. It's something to keep in mind.
Yes, but another conclusion is that SLS should be cancelled because it is so wasteful. Today, that would leave the country with SpaceX. Thus his post. I think it's important to remember that it's not just SpaceX. We have Blue Origin as well, which is probably going to include ULA.
I wouldn't worry too much about SLS. Yes, it's a serious drag on NASA's budget, but they're transitioning away from grand projects like that and are focusing on contracts for services, technology demonstrations, and so on. We wouldn't have SpaceX without that. Perhaps more worrying is whether SLS is keeping talented engineers and technicians from being used elsewhere in the industry.