Posted at Hartmann Report on Nov. 1, 2024
The Recession Racket: Musk, Trump, and the Billionaires’ Blueprint for Profit
While we struggle, they scheme—how a Trump crash could line the pockets of America's elite…
America's billionaires would love to have a recession, particularly a really severe one.
In a recent "town hall," billionaire Elon Musk acknowledged what 23 Nobel Prize-winning economists across the country have predicted: If Trump is elected and he and Elon undertake their project to gut government spending, it will provoke a severe recession.
"We have to reduce spending to live within our means," Musk said. "And, you know, that necessarily involves some temporary hardship, but it will ensure long-term prosperity."
Most Republican voters aren't taking his embrace of a recession or a short-term depression like George W. Bush brought us seriously.