OPINION: This article contains commentary which may reflect the author's opinion
Elon Musk is comparing President Joe Biden to a joke character, joining Jeff Bezos in pointing out inadequacies in Joe Biden and his administration.
Bezos has been pointing out flawed initiatives regarding inflation, which Musk has echoed.
Musk is now getting specific about the Biden Administration’s flaws.
The Tesla CEO, who is in the midst of a $44 billion takeover bid for Twitter, said he has previously voted ‘overwhelmingly for Democrats’, but savaged the current administration, saying Donald Trump’s presidency was more effective at getting things done, The Daily Mail reported.
‘This administration doesn’t seem to get a lot done. The Trump administration, leaving Trump aside, there were a lot of people in the administration who were effective at getting things done.’
Musk added that the Democrats are ‘overly controlled by the unions and by the trial lawyers, particularly the class action lawyers’, while Republicans are influenced by ‘corporate evil and religious zealotry’.
He continued: ‘In the case of Biden, he is simply too much captured by the unions, which was not the case with Obama.
Jeff Bezos accused Biden of using distraction tactics after officials said he opposed its economic agenda because it would mean he paid more tax.
‘But unions aren’t causing inflation and neither are wealthy people. Remember the administration tried their best to add another $3.5 TRILLION to federal spending.
‘They failed, but if they had succeeded, inflation would be even higher than it is today, and inflation today is at a 40-year high,’ the Daily Mail reported Bezos said.
Musk offered his own view on the current inflation crisis in a podcast yesterday.
The Amazon founder said: ‘The administration tried hard to inject even more stimulus into an already over-heated, inflationary economy and only Manchin saved them from themselves.
He said: ‘I mean, the obvious reason for inflation is that the government printed a zillion amount of more money than it had, obviously.
‘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.
‘If the federal government writes check they never bounce. So that if 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.’
‘If the government could just issue massive amounts of money and deficits didn’t matter, then, ll, why don’t we just make the deficit 10 times bigger? The answer is, you can’t because it will basically turn the dollar into something that is worthless,’ Musk pointed out.
‘Various countries have tried this experiment multiple times. Have you seen Venezuela? Like the poor, poor, people of Venezuela have just been run roughshod by their government,’ he added.
Venezuela’s hyperinflation reached more than a million percent in 2018, which is an astounding high.
Musk is holding Twitter accountable as well and has paused his buyout of Twitter, waiting for answers from Twitter in regard to actual user numbers concerning people vs. bots.
The Tesla CEO, who last month offered $44 billion for the tech platform, disputes their claims that bots represent around five percent of their users, believing the figures could be ‘much higher’ than 20 percent, Daily Mail reported.
He threatened to pull the plug no the deal unless Twitter provides proof that less than 5% of Twitter accounts are bots.
Musk fired off a tweet this morning stating: ‘20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher.
‘My offer was based on Twitter’s SEC filings being accurate. Yesterday, Twitter’s CEO publicly refused to show proof of <5%. This deal cannot move forward until he does.'
In a follow-up tweet, Musk speculated that bots could make up at least half of Twitter's users, more than 10 times the company's official estimate.
The latest tweet directed at Twitter CEO Parag Agrawal comes amid a bitter public row between the pair after Musk tweeted a poop emoji at the tech boss yesterday.
But Twitter quashed that today by saying they had filed a preliminary proxy statement with the SEC saying they intend the deal to go ahead at the agreed price of $54.20.
Musk said the cost of living crisis under Joe Biden could get so bad the U.S. could turn into Venezuela and compared the President to Anchorman's Ron Burgundy for relying heavily on a teleprompter, the Daily Mail reported.
He told The All-In Podcast: 'The real president is whoever controls the teleprompter. The path to power is the path to the teleprompter.'
"The world's richest man then made reference to Will Ferrell's Anchorman character Ron Burgundy who read verbatim what was written on his teleprompter, causing him to lose his job.
'I do feel like if somebody were to accidentally lean on the teleprompter, it's going to be like Anchorman.'"
Watch the entire interview.