Unwitting Elon Musk 'ran into his own chainsaw' by going to Washington: financial analyst
During an appearance on MSNBC's "Morning joe," noted financial journalist Steve Ratner suggested Elon Musk got a lesson in humility during his time in Washington after seeing his creation of the Department of Government Efficiency (DOGE) under-perform at the same time he damaged the reputation of his Tesla auto company.
On Thursday morning the co-hosts on the MSNBC morning show first addressed Donald Trump trying to blame the latest terrible economic news on President Joe Biden –– and also preemptively blaming the next quarter on Biden too –– with Mika Brzezinski observing, "The future is not looking bright because he's already trying to blame it on Joe Biden, which is what he does with bad news."
Discussing the tariffs having a deleterious effect on the economy, Rattner made a leap to talking about billionaire Musk.
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"This is another example of a businessman who's never set foot in Washington going to Washington and thinking they can fix things and finding out that this is not –– the federal government does not run like a private company," Rattner stated. "And he ran into his own chainsaw, in effect, and it's just another example of that on steroids, of course, because we've never seen anything quite like it."
Returning to the original topic, he added, "Look, on the economy, the first quarter GDP number was a little bit illusory. It was very messed up by some tariff stuff and things like that, but the fundamental point is that Trump inherited an economy that was firing on all cylinders. It was growing at about 2.5 percent a year. We had low unemployment, we had low inflation. Business was operating, they were making investments, they were going about their affairs and now we have chaos."
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