Elon Musk (50) (pictured at the Met Gala) said a recession would be a

Elon Musk says recession is a good thing because “money has been raining on fools for too long”


Elon Musk said the recession would be “good” for the economy because it would hurt home-based supporters and “stupid” business owners he thought deserved to go bankrupt.

Tesla, a billionaire – 50 – worth $ 218 billion – was never ashamed to share his views on Twitter and said on Thursday’s question that he thought a recession would be a “good thing.”

‘[Recession] actually a good thing, “he wrote on Twitter. “It’s been raining money on fools for too long. There must be some bankruptcies.

“Also, all the things about Covid at home have made people think you don’t really have to work hard. Rude awakening incoming! ”

Elon Musk (50) (pictured at the Met Gala) said a recession would be a “good thing” because “it’s been raining money on fools for too long.” There must be some bankruptcies’

Musk also said he thought the recession would last

Musk also said he thought the recession would last “12 to 18 months” and some companies deserved to fail.

Musk may be referring to several rounds of incentives offered to both businesses and people during the height of the pandemic, and an increasing number of office workers who prefer to work from the comfort of their own homes.

He has long boasted of his furious value and is known for driving his employees extremely hard.

Musk warned Twitter employees that he would work them to the bone when the deal closed – but insisted he would work harder and harder.

Thursday’s tweet also suggests that Musk will force the San Francisco-based company back into its offices, even though it previously demanded that it be turned into a homeless shelter.

The founder of SpaceX also said he thinks the recession will last “about 12 to 18 months,” based on historical recessions, he said on a social platform.

“Companies that are inherently negative cash flows (ie value destroyers) must die to stop consuming resources,” he continued.

The question came after the asset management company BlackRock warned that the IRS could raise interest rates to offset inflation, which could lead to a recession.

“The Fed’s hawk pivot has increased the risk that markets will see rates in restrictive territory,” the company said, according to Fox News. “The sale since the beginning of the year partially reflects this, but we do not see any clear catalyst for recovery.

“If they raise interest rates too much, they risk a recession. If they do not tighten enough, the risk becomes uncontrollable inflation. It’s hard to see the perfect result. ”

The whole recession debate came after the Met Gala published a poll asking, “Who do you trust less? The real question. Politicians or billionaires. ”

He was no one to shy away from politics, he wrote on Twitter: ‘@aoc I dare you do the same research with your followers.’

The comment comes after Cortez (32) announced plans to get rid of her Tesla, weeks after Musk told her on Twitter to stop flirting with him.

A politician who supports the Green New Deal told Bloomberg in an interview on Wednesday that she wants to switch to an electronic car that is manufactured domestically by union workers.

Currently, the only such vehicles she could consider are Ford’s huge F-150 Lightning truck, which will be launched later this year, or the Chevy Bolt.

The recession conversation began after Musk published a poll asking, “Who do you trust less?  The real question.  Politicians or billionaires and asked the AOC (pictured) to publish the same survey after she said she wanted to get rid of her Tesla

The recession conversation began after Musk published a poll asking, “Who do you trust less? The real question. Politicians or billionaires and asked the AOC (pictured) to publish the same survey after she said she wanted to get rid of her Tesla

On Thursday, Musk criticized Democrats such as the AOC for being ‘controlled’ by the unions, saying, ‘It’s like watching a puppet “talk” in a sock, but the hand inside the sock is too obvious!’

Tesla employees are not unionized.

The Democrat further told Bloomberg that she had bought her Model 3 in 2020 when COVID-19 began.

The AOC said it was the only electric car that could get it from its Bronx-Queens district to the country’s capital on “one or one and a half charges.”

Now a proud member of the team said, “I’d like to cross.”

The AOC claimed that this was because it wanted to support manufacturers with a union production line, but its timing raised questions.

Mitch McConnell fights in Biden for gas prices going through “incredible transformation” – Americans pay for gas TWO more than 12 months ago

Elizabeth Elkind, political reporter for DailyMail.com

Senate minority leader Mitch McConnell accuses President Joe Biden of waging a

Senate minority leader Mitch McConnell accuses President Joe Biden of waging a “war” on fossil fuels

Senate minority leader Mitch McConnell stumbled upon President Joe Biden on Thursday for characterizing the gas price crisis as an “incredible change” for the nation and the world.

The Republican lawmaker in Kentucky spoke in the Senate on the same day that the national average gas price reached a new high of $ 4.60 – just before about 39 million Americans prepared to travel for an extended holiday weekend.

McConnell quoted a recent analysis as showing that American families now spend an average of $ 5,000 a year on gas.

That’s compared to $ 2,800 a year earlier and $ 3,800 just this March, according to Yardeni Research.

“Gas prices across the country have risen by 46.9 cents in the last month alone. And they got up in Kentucky, actually even faster, “said McConnell.

“According to President Biden, it’s all part of what the quote says, ‘an incredible transition.’ “Well, that’s a damn way to describe the war of his administration with the most accessible, reliable and abundant forms of energy in our country,” said the leader of the Republican Party of the Senate.

He quoted a resident of his state as saying:I am fully utilized. ”

McConnell said another claimed that refueling cost so much that now I had to make half a tank at once.

Biden discussed an energy supply chain crisis at a news conference in Japan on Monday.

Seemingly referring to the impact that the Russian invasion of Ukraine has had on gas prices around the world, Biden said: “Here is the situation. And when it comes to gas prices, we are going through an incredible transition that is taking place. ”

“If God gives, when it’s over, we’ll be stronger and the world will be stronger and less dependent on fossil fuels when it’s over,” the president said.

“You see what Europe is doing in relation to Russian gas imports.”

He said his administration was able to ‘keep it from getting worse – and it’s bad’ before sympathizing with working families about the high costs.

“The price of gas at the gas station is something I told you – you heard me say it before – when I was growing up as a child, it would be a big discussion at my kitchen table. It affects many families, “he said.

The cornerstone of Biden’s response to soaring pump prices was to accelerate the country’s transition to green energy and electric vehicles, which White House officials said was a more lasting solution to fossil fuel market volatility.

But on Thursday, McConnell said the plan “is forcing fuel prices so high that it requires Americans to switch to more expensive cars with supply chains controlled mainly by China and other hostile regimes and lower labor and environmental standards.”

“Some idea of ​​’unbelievable,'” he laughed.

Gas prices are reaching record highs as three million more people are preparing for Memorial Day weekend than last year, according to the AAA

Gas prices are reaching record highs as three million more people are preparing for Memorial Day weekend than last year, according to the AAA

Inflation peaked in four decades in March and fell to a still massive high of 8.3 percent in April

Inflation peaked in four decades in March and fell to a still massive high of 8.3 percent in April

McConnell continued: “Depending on where you’re trying to go, higher fuel costs are damaging Americans’ ability to enjoy major summer traditions.”

“Of course, millions of Americans have a hard time paying basic expenses, let alone planning a summer vacation,” he added.

Meanwhile, about 3 million more people are expected to travel this Memorial Day weekend than last year, according to the American Automobile Association’s annual forecast.

That’s still less than the 37.6 million passengers recorded in 2019, before the pandemic.

Nearly 35 million people are expected to travel by car, 4.6 percent more than in 2021 – even though the average gas price exceeds $ 6 per gallon in the parts of the country hardest hit by the crisis.

Costs are rising in almost every aspect of American life – inflation rose 8.3 percent in April from a year earlier, down slightly from a 40-year record high of 8.5 percent in the previous month, but almost double the 4.2 percent in April 2021. The world was in the midst of a coronavirus pandemic.

“The consumer price index continues to move at levels that our economy has not experienced in four decades,” McConnell said on Thursday.

“As we head for Memorial Day weekend, the American people have become reluctant experts on its painful effects in real life.”

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