In a podcast interview, CEO Elon Musk, whose acquisition of Twitter is still ongoing, slammed President Biden, saying that if the government continues to print money, inflation will grow and the US will follow Venezuela’s example.
Musk criticized the Democratic Party & Biden in particular, claiming that he had voted “overwhelmingly for Democrats.” He implied that Biden is a bit of an empty vessel.
“The real president is whoever controls the teleprompter,” Tesla CEO Elon Musk. “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,” the CEO continued, referring to the 2004 movie in which Ron Burgundy says whatever is put on the teleprompter, even if it means ruining his career, as stated.
“This administration doesn’t seem to get a lot done,” Musk stated. “The Trump administration, leaving Trump aside, there were a lot of people in the administration who were effective at getting things done.”
He also said that the Democratic Party is “overly controlled by the unions and by the trial lawyers, particularly the class action lawyers.” He said that when Democrats act against “the interests of the people,” it’s usually because of labor unions and trial attorneys, but when Republicans do so “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 Obama,” Musk added. The Tesla CEO described Obama as “quite reasonable,” but claimed that Biden puts unions ahead of the general people.
Tesla CEO Elon Musk also responded to Amazon founder Jeff Bezos’ assertion that the White House had used “misdirection” to “muddy the topic” of inflation.
“I mean, the obvious reason for inflation is that the government printed a zillion amount of more money than it had, obviously,” Musk added, echoing Republican opponents who allege that Biden’s American Rescue Plan COVID-19 rescue stimulus program led to April’s near-40-year-high inflation.
“So it’s like the government can’t just, you know, issue checks far in excess of revenue without there being inflation, you know, velocity of money held constant,” the Tesla CEO explained. “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 said that “this is just very basic” and “not like, you know, super complicated.”