Elon Musk: 'Biden Is Treating the American Public like Fools'
Entrepreneur slams Joe Biden over remarks about U.S. manufacturing
Billionaire entrepreneur Elon Musk has put the Democrat White House on notice, warning the American public that Joe Biden is treating them "like fools."
Musk issued a fiery response to remarks by Biden about using American automakers to produce more electric vehicles.
Musk's electric car company Tesla is the biggest automaker in the United States and the world's largest by market capitalization.
However, the Biden administration continues to snub Telsa and ignore the tens of thousands of American jobs the company provides.
"I meant it when I said the future was going to be made right here in America,” Biden wrote in a tweet.
"Companies like GM and Ford are building more electric vehicles here at home than ever before,” he added in the post that featured a video of him talking with General Motors CEO Mary Barra.
“Starts with a T,” Musk responded.
“Ends with an A. ESL in the middle.”
Another account responded to Biden’s remarks by writing: “Honestly how does he say this with a straight face.
"Shame on you President Biden for trying to cancel a great American company and rewrite EV history.
"No one is buying this.
"What an embarrassment for the United States. @elonmusk #Tesla”
Musk responded, “Biden is treating the American public like fools.”
The Tesla CEO has repeatedly mocked Biden online after the Democrat has disregarded Musk and his companies, despite their extraordinary accomplishments.
Musk responded to a Twitter user who asked why Biden had not acknowledged that SpaceX’s ‘Inspiration4’ mission, the world’s first all-civilian crew spaceflight, raised hundreds of millions of dollars for charity by tweeting: “He’s still sleeping.”
Musk has slammed Biden for being a “puppet” for the United Auto Workers union and for not inviting Tesla to an EV event at the White House.
He has also taken shots at Biden’s Build Back Better spending agenda.
Musk warned against passing the massive multi-trillion-dollar bill by pointing out how it would add to the “insane” federal deficit.
“Don’t pass it, that’s my recommendation.”
The next day, Musk shared an analysis from the University of Pennsylvania’s Wharton School — Musk’s alma mater — that explained that the national debt would increase by over 24% if the bill’s provisions are made permanent.
The analysis stated:
We evaluate the Act under two scenarios. In the first scenario, PWBM presents the spending and revenue provisions ‘as written’ in the legislative text where certain provisions sunset within the 10-year budget window.
Under this scenario, we project that the long-run trajectory of public debt would be 1.5 percent larger and that GDP would be 0.2 percent lower in 2050 relative to baseline projections.
Under the second scenario, we assume that temporary provisions of the proposal are extended permanently.
We find that, against baseline projections, government debt would be more than 24 percent larger in 2050 and GDP would be about 3 percent lower in the same year.
“There is a lot of accounting trickery in this bill that isn’t being disclosed to the public,” Musk said about the Build Back Better Act.
“Nothing is more permanent than a ‘temporary’ government program.”