Tesla CEO Elon Musk blasted Democrats and President Joe Biden for not “getting things done,” unlike former President Trump and his administration.
Musk was interviewed during a Miami event after offering to purchase Twitter.
“This administration doesn’t seem to get a lot done,” said Musk on the All-In Summit podcast. “The Trump administration, leaving Trump aside, there were a lot of people in the administration who were effective at getting things done.”
Musk also described Biden as being ineffective and incompetent.
“The real president is whoever controls the teleprompter. The path to power is the path to the teleprompter.”
He continued, “I do feel like if somebody were to accidentally lean on the teleprompter, it’s going to be like Anchorman.” Musk referenced the 2004 movie where news anchor Ron Burgundy reads whatever is written on the teleprompter.
The Tesla CEO slammed the current party in power, saying he had voted “overwhelmingly for Democrats” and said Democrats are “overly controlled by the unions and by the trial lawyers, particularly the class-action lawyers.”
Democrats go against “the interests of the people,” according to Musk.
Although Musk explained that when Republicans do that, “it’s because of corporate evil and religious zealotry” and tends to come from the trial lawyers and unions.
Union control
“In the case of Biden, he is simply too much captured by the unions, which was not the case with [former President Barack] Obama,” Musk said. He emphasized that Obama was “quite reasonable.”
Musk also addressed the claim by Amazon founder Jeff Bezos that the Biden administration has resorted to “misdirection” to “muddy the topic” of inflation.
“The obvious reason for inflation is that the government printed a zillion amount more money than it had, obviously,” said Musk.
He continued, “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 further emphasized that this is not “super complicated” and “this is just very basic.”
“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? 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 roughshot by their government,” said Musk.
Mr. Musk also said a viable deal to purchase Twitter for a lower price wouldn’t be out of the question.
