The US economy is up for massive upheaval after the US elections. The two potential candidates, Kamala Harris and Donald Trump have channeled all their strength into wooing American citizens, with the final election countdown inching closer than ever.
Both candidates have clarified their intentions about the US economy; however, the Trump-Musk duo has taken a rather aggressive stance regarding reviving the United States lost glory.
Musk outlined in detail how the US economy may undergo a temporary collapse to become better and stronger than ever.
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Elon Musk Warns Of A Temporary Economic Meltdown
Source – Fox Business
Elon Musk, the Tesla chief and quite a blazing figure in the current US political domain has spoken in detail about an impending US economic fix-up if Trump is elected president again.
Musk shared that if he becomes a key cabinet figure post-election, he will resume cost-cutting duties, starting with the US federal budget domain.
“You think we can rip off this wasted $6.5 trillion Biden budget? Well, I think we can do at least $2 trillion. Yeah, yes, two trillion. At the end of the day, you’re being taxed; you’re being taxed—all government spending is taxation.
Musk has always been vocal about his preference, selecting Trump over Harris and later reiterating how Trump can “truly” save America. Trump also mentioned the Tesla chief, with the former US president stating that he would offer Musk a key role in the cabinet if he becomes the next US president.
“I will create a government efficiency commission tasked with conducting a complete financial and performance audit of the entire federal government,” he said during a speech at the Economic Club of New York, adding Musk has “agreed to head that task force. CNBC shared
That said, the repercussions of this job would require a severe overhaul entailing a change in the complete American anatomical structure. This includes changes in managing national costs and budgeting, mass deportations, and extreme deficit cuts.
“We have to reduce spending to live within our means. And that necessarily involves some temporary hardship, but it will ensure long-term prosperity,” Musk later shared.
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Trump’s Tough Plan to Make US Economy Great Again
Reinforcing the idea of this impending economic change, Musk responded to a user’s post, outlining the consequences that the country may experience if Trump becomes president again.
The user FischerKing on X shared a detailed analysis of strict economic policies that Trump may impose once he assumes office. He shared how Americans may undergo mass deportations, with Elon Musk firing people to make necessary anatomical changes. He later shared how such steps would be necessary to help the nation find its lost economic footing.
“If Trump succeeds in forcing through mass deportations. Combined with Elon hacking away at the government, firing people, and reducing the deficit. There will be an initial severe overreaction in the economy. This economy propped up with debt (generating asset bubbles) and artificially suppressed wages (as a result of illegal immigration). Markets will tumble. But when the storm passes and everyone realizes we are on sounder footing. There will be a rapid recovery to a healthier, sustainable economy. History could be made in the coming two years.
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