Musk Counters Biden’s Claims – Says ‘A Recession Is Inevitable at Some Point’

Speaking on Tuesday at the Qatar Economic Forum, Elon Musk countered President Joe Biden’s claim that a recession is “not inevitable” in the U.S.

In an interview with The Associated Press last week, Biden attempted to brush off the economic destruction occurring under his leadership.

“First of all, it’s not inevitable,” the president said regarding an imminent recession. “Secondly, we’re in a stronger position than any nation in the world to overcome this inflation.”

Biden also pushed a standard Democrat talking point surrounding inflation, claiming that because other countries around the world are also experiencing high inflation, the United States’ inflation could not possibly be the result of his own administration’s historic spending or energy policies which decimated the oil and gas industry.

“If it’s my fault, why is it the case in every other major industrial country in the world that inflation is higher?” the president said. “You ask yourself that? I’m not being a wise guy.”

Bloomberg News Editor-in-Chief John Micklethwait asked Tesla CEO Elon Musk about Biden’s comments during the Qatar Economic Forum on Tuesday.

“Joe Biden has just come out and said that a recession in America is not inevitable. How do you feel about the economy?” Micklethwait asked.

“A recession is inevitable at some point,” Musk replied. “As to whether there is a recession in the near term, that is more likely than not.”

Micklethwait also asked the Tesla CEO if he would endorse former President Donald Trump in 2024, should he decide to run for president again.

“I’m still undecided at this point,” Musk responded.

The Tesla CEO recently stated in a tweet that his preferred candidate for 2024 would be Florida Gov. Ron DeSantis, though the governor has previously stated that he has no plans to run for president in the near future. Musk, a lifelong Democrat, voted Republican for the first time just last week, casting a ballot for Republican candidate Mayra Flores in the special election in Texas’ 34th Congressional District. Flores won with 51% of the vote, becoming the first Republican to win the district since the 1860s.

“I voted for Mayra Flores – first time I ever voted Republican,” Musk tweeted. “Massive red wave in 2022.”