Joe Biden and the Democrats desperately want to hang on to power.
That effort just hit a big snag.
And Elon Musk drove the final nail in Joe Biden’s coffin with this devastating warning.
At the Qatar Economic Forum, Bloomberg News Editor-in-Chief John Micklethwait asked Tesla CEO Elon Musk if Joe Biden was correct to say a recession was not inevitable.
“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 Musk during a question and answer session.
WATCH: Biden snaps at a reporter for asking about economists warning of a recession.
“C’mon, don’t make things up" pic.twitter.com/eqEh2f9fEh
— RNC Research (@RNCResearch) June 20, 2022
Musk disagreed with Biden, explaining that the American economy could not avoid a recession forever.
But Musk noted the key to discussing Biden’s point was when the recession would strike the economy.
And Musk predicted that the recession would hit in the near term.
“A recession is inevitable at some point,” Musk stated. “As to whether there is a recession in the near term, that is more likely than not.”
Musk asked Micklethwait if he agreed with his prediction about a recession hitting in the near term.
Micklethwait said he concurred with Musk’s forecast.
A recession hitting in 2022 or 2023 would doom Joe Biden’s re-election.
Jimmy Carter and George H.W. Bush lost re-election because the economy sunk into a recession on their watch.
And all the warning signs are blinking bright red signifying that an economic downturn is on the horizon.
The latest consumer confidence report sunk to the lowest levels on record.
Americans are pulling back their spending in the face of inflation spiking to the highest levels in 40 years.
The economy contracted by 1.5 percent in April and the Atlanta Federal Reserve Bank is forecasting zero percent GDP growth in quarter number two.
During Tuesday’s press briefing, White House Press Secretary Karine Jean-Pierre uttered words she may come to regret, claiming that the economy was not in a recession, but merely a transition.
The economic outlook under Joe Biden grows worse by the day.
And if Elon Musk’s prediction of a recession comes true, that could be all she wrote for the Biden administration.
Renewed Right will keep you up-to-date on any new developments in this ongoing story.