What’s Happening:
Elon Musk has not been a friend to the Democratic Party, lately. But they only have themselves to blame. The billionaire innovator has been exposing the left’s dirty tricks on social media. And he has even encouraged Americans to vote for Republicans in the last election.
But now, he is taking on the big man himself. Musk has previously criticized Joe Biden’s failed administration. Musk has not shied away from pointing out the major blunders and idiotic decisions made by Joe and company. Now, he is making a dire prediction about the U.S. economy. And we know who’s to blame.
From Daily Wire:
Twitter CEO Elon Musk said during an interview Tuesday night that he believes that the U.S. might be on the verge of serious financial issues later this year due to a variety of factors…
Musk warned that inflation was going to continue to get worse because the Fed won’t reduce interest rates during an election year…
Musk went on to slam the U.S. federal government for passing the COVID stimulus bills because they “were not paid for” and they greatly exacerbated inflation.
Dang. Musk predicted the U.S. could face a “serious financial issue” by the end of this year. He pointed to a number of factors, including the sudden collapse of Silicon Valley Bank earlier this year.
He also said that the COVID lockdowns, encouraged by Biden and other Democrats, left countless buildings vacant. These buildings, once considered “hard assets” have become worthless, which will lead to losses for banks.
But that’s only for starters. Musk pointed out the rampant inflation which, despite Biden’s lies, has not slowed. That more than anything else will harm the economy, as individuals and businesses struggle to pay for what they need.
Musk also blamed Biden’s out-of-control COVID bills which “were not paid for.” We know this reckless spending damaged the economy and sped up inflation.
So, what else can Biden do to hurt our economy? He’s already given away billions to foreign nations, shut down our oil production, and has welcomed millions of illegal aliens to take our jobs. The only thing he can do next is kick in our doors and take the literal food out of our children’s mouths.
Key Takeaways:
- Elon Musk warned the U.S. could experience a serious financial crisis by the end of the year.
- He pointed to many factors, nearly all caused by Joe Biden and Democrats.
- Biden’s reckless spending and war on American industries are the top factors.
Source: Daily Wire
