Elon Musk slams Biden: ‘The real president is the one who controls the teleprompter’
Tesla CEO Elon Musk, whose Twitter buy is still ongoing, slammed President Biden in a podcast interview on Monday and warned that if the government keeps printing money, inflation will get worse and worse. the United States could go the way of Venezuela.
Musk, who said he voted “overwhelmingly for Democrats,” criticized the Democratic Party and Biden in particular. He suggested Biden was something of an empty suit.
“The real president is the one who controls the teleprompter,” the Tesla CEO said. “The path to power is the path to the teleprompter.”
“I feel like if someone were to accidentally lean on the teleprompter, it would be like Anchorman,” the CEO added, referring to the 2004 film in which Ron Burgundy reads everything written on the teleprompter. teleprompter, even if it would ruin his career. .
“This administration doesn’t seem to be doing much,” Musk said. “The Trump administration, leaving Trump aside, there were a lot of people in the administration who were effective in getting things done.”
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He also claimed that the Democratic Party is “too controlled by unions and by trial attorneys, especially class action attorneys.” He argued that when Democrats go against the “interests of the people” it tends to come from unions and trial attorneys, while when Republicans do it “it’s because of the evil of the people.” business and religious fanaticism”.
“In Biden’s case, he’s just too captured by the unions, which Obama was not,” Musk said. The Tesla CEO defended Obama as “completely reasonable” but insisted Biden prioritizes unions over the public.
The Tesla CEO also weighed in on Amazon founder Jeff Bezosclaims that the White House resorted to “hijacking” in order to “blur the subject” of inflation.
“I mean, the obvious reason for the inflation is that the government printed a zillion more money than it had, obviously,” Musk said, echoing Republican critics who say the Biden’s US COVID-19 bailout stimulus bill contributed to the near-40-year high inflation in the US in April.
“So it’s like the government can’t just, you know, issue checks way beyond revenue without inflation, you know, velocity of money being held constant,” the CEO explained. of Tesla. “If the federal government writes checks, they never bounce. So it’s effectively the creation of more dollars. And if there are more dollars created, then the increase in goods and services across economy, then you have inflation, again, the velocity of money held constant.”
Musk insisted that “it’s just very basic” and “not like, you know, super complicated.”
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“If the government could just issue massive sums of money and deficits didn’t matter, then, well, why not just increase the deficit 100 times? The answer is you can’t, because it will essentially spin the dollar into something worthless,” he noted.
“Various countries have tried this experiment several times,” Musk noted. “Have you seen Venezuela? Like the poor, the poor in Venezuela are, you know, just abused by their government.”
Inflation in Venezuela reached a staggering 65,374.08% in 2018 in an economic spiral beginning with government price controls and falling oil prices. The government started printing money to cope, and prices soared, unemployment rose, and GDP plummeted.
“So obviously you can’t just create money,” Musk said. He emphasized “the real economy”, by which he meant “the production of goods and services”, as opposed to mere money.
Inflation in the United States rose to 8.3% in April, slightly below the 8.5% jump in March, but still close to the 40-year high.
Musk discussed his purchase of Twitter, reaffirming his belief in the need for an unbiased “town square”.
“I think there’s a need for a town square, a digital town square where people can debate all kinds of issues, including the most important issues,” he said. For this to work, the platform needs to be “as broadly inclusive as possible” and it needs to feel “politically balanced”, i.e. “not biased one way or the other”. ‘other”.
“The reality is that Twitter, at this point, has a very left-wing bias,” Musk said. “And I would trust myself as a moderate and not a Republican or a Democrat.”
Musk also lamented the state of California’s decline. He said the Golden State was once “the land of opportunity” but has become the land of “taxes, over-regulation and litigation.” He said, “There must be like some serious pipe cleaning in California.”
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He insisted that “there must be a greater than zero percent chance that the Republicans will win in California.”
Musk mentioned last week that his acquisition of Twitter is pending details of spam and fake accounts on the platform, but he added that he was “still committed” to buying the social media company.