The argument is nothing to do with machine chugging time, and is entirely towards developer time. The problem with expressive languages like Lisp, Ruby, Python, etc. is that the language ends up varying from person to person - the more expressive the language, the more variance there is. This is a feature when you're a small team because the abstractions you build let you move quickly, but it is a bug when you're a large team maintaining a piece of software over years, where developers have come and gone. The ramp-up time to learn and understand the various abstractions that people have built over the years ends up accumulating and cancelling out the gains that those abstractions gave earlier on.
Blub languages on the other hand tend to be more uniform, so it's easier for someone who isn't very familiar with the code to dive in and understand what is going on.