Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

0:00
0:00

Elon Musk slams Biden: 'The real president is whoever controls the teleprompter'

Tesla CEO Elon Musk, whose purchase of Twitter remains ongoing, slammed President Biden as an empty suit in a podcast interview Monday and warned that if the government continues printing money, inflation will get worse and the U.S. might follow the path of Venezuela.
Musk, who said he has voted "overwhelmingly for Democrats," slammed the Democratic Party and Biden in particular. He suggested that Biden is something of an empty suit.

"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," the CEO added, referencing the 2004 film in which Ron Burgundy reads whatever is written on the teleprompter, even if it would ruin his career.

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

He also claimed that the Democratic Party is "overly controlled by the unions and by the trial lawyers, particularly the class action lawyers." He argued that when Democrats go against "the interests of the people," it tends to come from the unions and the trial lawyers, while 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 Obama," Musk said. The Tesla CEO defended Obama as "quite reasonable," but insisted that Biden prioritizes the unions ahead of the public.

The Tesla CEO also weighed in on Amazon founder Jeff Bezos's claim that the White House has resorted to "misdirection" in order 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 said, echoing Republican critics who claim that Biden's American Rescue Plan 1COVID1-19 relief stimulus bill contributed to the near-40-year-high inflation the U.S. experienced in April.

"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 argued. "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 insisted that "this is just very basic" and "not like, you know, 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? The answer is, you can't because it will basically turn the dollar into something that is worthless," he noted.

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

Venezuela's inflation reached a staggering 65,374.08% in 2018 amid an economic spiral beginning with government price controls and plummeting oil prices. The government started printing money to cope, and prices skyrocketed, unemployment increased, and GDP collapsed.

"So obviously you can't simply create money," Musk said. He emphasized "the true economy," by which he meant "the output of goods and services," as opposed to mere money.

U.S. inflation rose 8.3% in April, slightly below the 8.5% jump in March but still near the 40-year-high.

Musk addressed his purchase of Twitter, restating his belief in the need for an unbiased "public town square."

"I think there's a need for a public town square, digital town square that where people can debate issues of all kinds, including the most substantive issues," he said. In order for that to work, the platform needs to be "as broadly inclusive as possible" and it needs to feel "balanced from a political standpoint," that is "not biased one way or the other."

"The reality is that Twitter, at this point, has a very far left bias," Musk said. "And I would trust myself as a moderate and neither Republican or Democrat."

Musk also lamented the decline of the state of California. He said the Golden State was once "the land of opportunity" but it has become the land of "taxes, overregulation, and litigation." He said, "There's got to be like a serious cleaning out of the pipes in California."

He insisted that "there's got to be an above zero percent chance of Republicans winning in California."

Musk said last week that his acquisition of Twitter is in hold pending details about spam and fake accounts on the platform, yet he added that he is "still committed" to the purchase of the social media company.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Hungarian Prime Minister Viktor Orbán stated that Hungary will not adopt the euro because the European Union is falling apart.
Mayor in western Germany in intensive care after stabbing
Australian government pays Deloitte nearly half a million dollars for a report built on fabricated quotes, fake citations, and AI-generated nonsense.
BYD’s UK Sales Soar Nearly Nine-Fold, Making Britain Its Biggest Market Outside China
Latvia to Bar Tourist and Occasional Buses to Russia and Belarus Until 2026
Wave of Complaints Against Apple Over iPhone 17 Pro’s Scratch Sensitivity
Munich Airport Reopens After Second Drone Shutdown
Pro Europe and Anti-War Babiš Poised to Return to Power After Czech Parliamentary Vote
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
U.S. Demands Brussels Scrutinize Digital Rules to Prevent Bias Against American Tech
Private Equity’s Fundraising Surge Triggers Concern of European Market Shake-Out
Tokyo’s Jimbōchō Named World’s Coolest Neighbourhood for 2025
European Officials Fear Trump May Shift Blame for Ukraine War onto EU
The Personality Rights Challenge in India’s AI Era
Italy Considers Freezing Retirement Age at 67 to Avert Scheduled Hike
Italian City to Impose Tax on Visiting Dogs Starting in 2026
Study Finds No Safe Level of Alcohol for Dementia Risk
Trump Says Ukraine Can Fully Restore Borders with NATO Backing
Europe Signals Stronger Support for Taiwan at Major Taipei Defence Show
Germany Weighs Excluding France from Key European Fighter Jet Programme
Cyberattack Disrupts Check-in and Boarding Systems at Major European Airports
Björn Borg Breaks Silence: Memoir Reveals Addiction, Shame and Cancer Battle
When Extremism Hijacks Idealism: How the Baader-Meinhof Gang Emerged and Fell
JWST Data Brings TRAPPIST-1e Closer to Earth-Like Habitability
Trump Orders $100,000 Fee on H-1B Visas and Launches ‘Gold Card’ Immigration Pathway
France’s Looming Budget Crisis and Political Fracture Raise Fears of Becoming Europe’s “Sick Man”
Three Russian MiG-31 Jets Breach Estonian Airspace in ‘Unprecedentedly Brazen’ NATO Incident
European manufacturers against ban on polluting cars: "The industry may collapse"
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
Christian Brueckner Released from German Prison after Serving Unrelated Sentence
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
The conservative right spreads westward: a huge achievement for 'Alternative for Germany' in local elections
Pope Leo Warns of Societal Crisis Over Mega-CEO Pay, Citing Tesla’s Proposed Trillion-Dollar Package
Poland Green-Lights NATO Deployment in Response to Major Russian Drone Incursion
U.S. and China Agree on Framework to Shift TikTok to American Ownership
Le Pen Tightens the Pressure on Macron as France Edges Toward Political Breakdown
Czech Republic signs €1.34 billion contract for Leopard 2A8 main battle tanks with delivery from 2028
Penske Media Sues Google Over “AI Overviews,” Claiming It Uses Journalism Without Consent and Destroys Traffic
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
One in Three Europeans Now Uses TikTok, According to the Chinese Tech Giant
Could AI Nursing Robots Help Healthcare Staffing Shortages?
NATO Deploys ‘Eastern Sentry’ After Russian Drones Violate Polish Airspace
The New Life of Novak Djokovic
German police raid AfD lawmaker’s offices in inquiry over Chinese payments
Volkswagen launches aggressive strategy to fend off Chinese challenge in Europe’s EV market
France Erupts in Mass ‘Block Everything’ Protests on New PM’s First Day
×