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Tags: elon musk | democrats | lawyers | unions | inflation

Musk: Ineffective Biden, Democrats Controlled by Lawyers, Unions

elon musk waves as he arrives for a meeting in beijing
Elon Musk (Mark Schiefelbein/Getty Images)

By    |   Tuesday, 17 May 2022 09:48 AM EDT

Elon Musk blasted President Joe Biden and Democrats on Monday for not "getting things done," unlike former President Donald Trump's administration.

Musk, who has offered to buy Twitter, was interviewed on the All-In Summit podcast during an event in Miami.

"This administration doesn't seem to get a lot done," Musk said on the podcast. "The Trump administration, leaving Trump aside, there were a lot of people in the administration who were effective at getting things done."

Musk described Biden as being incompetent and ineffective.

"The real president is whoever controls the teleprompter," the Tesla CEO said. "The path to power is the path to the teleprompter.

"I do feel like if somebody were to accidentally lean on the teleprompter, it's going to be like Anchorman," he added, referencing the 2004 film in which Ron Burgundy simply reads whatever is written on the teleprompter.

Saying he had voted "overwhelmingly for Democrats," Musk slammed the current party in power for being "overly controlled by the unions and by the trial lawyers, particularly the class action lawyers."

Musk said that when Democrats go against "the interests of the people," it tends to come from the unions and the trial lawyers, though when Republicans do that, "it's because of corporate evil and religious zealotry."

"In the case of Biden, he is simply too much captured by the unions, which was not the case with [former President Barack] Obama," said Musk, who added that Obama was "quite reasonable."

Musk also addressed Amazon founder Jeff Bezos' claim that the Biden administration has resorted to "misdirection" in order to "muddy the topic" of inflation.

"The obvious reason for inflation is that the government printed a zillion amount of more money than it had, obviously," Musk said.

"So, it's like the government can't just issue checks far in excess of revenue without there being inflation, you know, velocity of money held constant. If the federal government writes checks, they never bounce. So that is effectively creation of more dollars. And if there are more dollars created, then the increase in the goods and services across the economy, then you have inflation, again, velocity of money held constant."

Musk added that "this is just very basic" and not "super complicated."

"If the government could just issue massive amounts of money and deficits didn't matter, then, well, why don't we just make the deficit 100 times bigger?" he said. "The answer is, you can't because it will basically turn the dollar into something that is worthless.

"Various countries have tried this experiment multiple times. Have you seen Venezuela? Like the poor, poor people of Venezuela have been just run roughshod by their government."

Musk also said that a viable deal to purchase Twitter at a lower price would not be out of the question.

© 2022 Newsmax. All rights reserved.


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Elon Musk blasted President Joe Biden and Democrats on Monday for not "getting things done," unlike former President Donald Trump's administration.
elon musk, democrats, lawyers, unions, inflation
464
2022-48-17
Tuesday, 17 May 2022 09:48 AM
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