Billionaire Elon Musk implicitly blasted the Biden Administration on Wednesday during a call with his shareholders, claiming that the true rate of inflation was much higher than had previously been reported.
As The Daily Wire reports:
Tesla boss Elon Musk said during a shareholder’s meeting for the electric car company on Wednesday that he believes inflation is much worse than what is being reported and that it is unlikely to slow down this year.
Musk’s comments come after statistics from the Labor Department showed inflation skyrocketed 8.5% annually in March, representing the largest 12-month increase since December 1981.
“I think the official numbers actually understate the true magnitude of inflation. And inflation appears to be likely to continue for at least the remainder of this year,” Musk said. “What’s keeping costs down, at least in the short term, is that we have locked in contracts with suppliers. Those modular contracts will obviously run out, and then we’ll start to see potentially significant cost increases.”
The issue of inflation will likely play a major role in the upcoming midterm elections, as numerous polls show it is major source of pain for American voters. Midterm elections are typically a referendum on the party that controls the White House, which is why Democrat President Joe Biden is trying to blame rising costs on Russian President Vladimir Putin’s invasion of Ukraine.
Recent polling has shown that concern over inflation is at the top of most voters’ list of concerns as the 2022 midterms approach.
It’s my opinion the Democrats want to ruin America and start a One World Government, with the Democrats at the top running it. That way they can tell us what to do, and always be in charge. We the people who have confessed our sins to Jesus Christ and asked Him to come into our heart and life, will help Him rule and reign for eternity. Those who have confessed our sins will spend eternity in Hell, all alone in darkness. How do I know read the bible it’s written there and has been for years.
Biden is trying to bankrupt our country and destroy our energy independence, plus allowing thousands of illegals to flood in. He must be removed from office, along with Harris and Piglosi!
Too bad Elon is ineligible to run for POTUS. He’d be SO much better than any of the clowns now in power.
Just my take on all this may shock many: I believe China Joe Biden is naught but a tool of the International Communist Party—Just look at ENERGY—for GOD”S sake—the damned border—making illegal voting seem legal??? W.T.F.?
I agree . The inflation numbers are much higher and the approval ratings are really much lower .
I’m a senior citizen, 78 years old, and I’m worried about my families future in Biden’s, Build Back Better, America. I’d be way less worried with President Trump’s, Make America Great Again, United States of America
You will only hear what the propaganda media wants you to hear or read. People don’t think for themselves by looking at both sides and drawing your own conclusion as to what the truth is Sad 🙁
The Biden Administration is composed of a senile old man and a bunch of stupid children which are also Democraps so obviously they are all liars.