Joe Biden and the Democrats are desperately trying to turn things around before November.
But they just faced another setback.
And Elon Musk just issued one devastating warning that could spell the end of Joe Biden’s Presidency.
Bloomberg News Editor-in-Chief John Micklethwait recently interviewed Elon Musk at the Qatar Economic Forum, where he asked him if Joe Biden was correct to say that 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
Contrary to Biden’s claim, Musk declared the opposite, saying the American economy could not avoid a recession forever.
However, Musk noted that when the recession would hit was the key question in the discussion.
Musk believes a recession is in the near future.
“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 wanted to know if Micklethwait agreed with him about a recession.
Micklethwait agreed that a recession was in the near future.
Of course, a recession occurring in 2022 or 2023 would spell the end of Joe Biden’s Presidency.
After the economy sank into a recession on their watch, Jimmy Carter and George H.W. Bush lost re-election.
Right now, all the warning signs show that a recession is coming, as the latest consumer confidence report found record low levels.
In the face of inflation spiking to a 40-year high, Americans are pulling back on their spending, causing the economy to contract by 1.5 percent in April.
The Atlanta Federal Reserve Bank is also forecasting zero percent GDP growth in quarter number two.
However, White House Press Secretary Karine Jean-Pierre said during Tuesday’s briefing that the economy was in a transition, and not a recession.
The economy is growing worse by the day under Joe Biden.
And if Elon Musk’s prediction about a recession in the near future comes true, it will be the end of the line for Joe Biden.
Political Animal News will keep you up-to-date on any new developments in this ongoing story.