August 1, 2025

"Elon Musk continued to bankroll Republican candidates after his public fallout with US President Donald Trump, donating millions of dollars to campaign groups gearing up for next year’s midterm elections."

Financial Times reports.

On July 5, a frustrated Musk claimed to have formed the “America Party”, saying he would “focus for the next twelve months” on supporting candidates standing against Republicans. However, there has been no sign of Musk or his allies taking the necessary steps to establish a party, either at a local level or nationwide....

40 comments:

NorthOfTheOneOhOne said...

I'm starting to believe the fall out between Trump and Musk is kayfabe.

tim maguire said...

The Republicans will do a better job than Democrats of maintaining the economic environment where technology companies like his can thrive. All the America Party will do is hand the government over to the Democrats, who will set progress back by generations. Of course Musk realized that once he calmed down.

RideSpaceMountain said...

"However, there has been no sign of Musk or his allies taking the necessary steps to establish a party, either at a local level or nationwide..."

So brave. Much wow. Please clap.

Kakistocracy said...

US labour market suffered sharp slowdown over past three months ~ FT

U.S. added just 73,000 jobs in July and numbers for prior months were revised much lower ~ MSNBC

If I were a reporter, I would ask Trump if his administration has been overstating job growth for the last couple of months.

RideSpaceMountain said...

@kackles, that's actually not a bad suggestion considering the MSM did precisely the opposite for Biden's wildly inflated BLS numbers for 4 years.

wild chicken said...

Everyone says we need a third party lol. One of you all, run go start a party and keep it going year after year. I'm too busy and organizations are so boring.

How's the Reform Party doing, anyway?

Mr. D said...

If I were a reporter, I would ask Trump if his administration has been overstating job growth for the last couple of months.

Go get yer fedora with the "Press" card tucked in the band and step to it.

Krumhorn said...

I can say from first hand experience that third party politics is meaningless and soul-sucking. As the Westchester county chair of the Independence Party in NY for a few years, we gave Andrea Stewart Cousins from Yonkers her first big break in politics, and look how THAT turned out.

Politics runs on (i) money, (ii) consistent application of effort, and (iii) mo money.

Elon has plenty of romanettes (i) and (iii), but even he cannot summon enough of (ii) to achieve any good result. Or any result that isn’t Cousins.

- Krumhorn

Aggie said...

Musk has probably done the math and figured out that he's better off making sure certain RINOs are shown the door out of the system, than he is competing with them from the floor of a new brand. Looking at your narrow RINO *ss, John Cornyn.

Left Bank of the Charles said...

I don’t think Musk has in mind a traditional party. I think he is looking to support a certain type of Republican in primary and then general elections to get (or should I say garner?) enough seats in the House or Senate to be able to frustrate Trump on issues where they disagree.

Whether the American Party label will help or hinder remains to be seen. DOGE did not work out well for Musk in part because he misjudged public opinion and in part because he had insufficient support in Congress (they spent what he saved and then some). Musk may still be misjudging the public.

Left Bank of the Charles said...

Also worth noting: Musk’s strategy doesn’t really work if Republicans lose the House or Senate to the Democrats in the mid-terms.

Peachy said...

Considering how much dark money flows to the corrupt left- this is just whiny leftist cry babies who cannot handle it.

Peachy said...

KAK - at least jobs reports are real now.

During the Crook Puppet Joe years - job numbers were altered by the party for the party - and were trumped up government jobs., aka - jobs we do not need.

Yancey Ward said...

Musk was always in a tough spot- Tesla is the backbone of his wealth and the customer base leans very far to the left. Also, the subsidies required by EVs are much more strongly supported by Democrats. However, Musk's personal political preferences are clearly center-right. A difficult needle to thread this is.

rehajm said...

I’m not worried about a Ralph Nader scenario and give Musk more credit than that. He can use his influence to promote his smaller, less corrupt, less wasteful government to support like minded congressional candidates….or create his own. Will he give me money to oust Miss Lindsey?

Mark said...

So this claim by Musk is like what he has been saying about Full Self Driving since 2018 .... promises that never come true?

Larry J said...

"Kakistocracy said...
US labour market suffered sharp slowdown over past three months ~ FT

U.S. added just 73,000 jobs in July and numbers for prior months were revised much lower ~ MSNBC

If I were a reporter, I would ask Trump if his administration has been overstating job growth for the last couple of months."

And last year, the government revised its job creation statistics downwards by 900,000 jobs. That was under Biden. Perhaps the government just does a lousy job at statistics. After all, they're government employees, so competency can never be taken for granted.

Sebastian said...

"no sign of Musk or his allies taking the necessary steps to establish a party" Good. You don't wanna be Ross Perot. Especially since we pretty much have RP in the White House, trying to reverse that sucking sound.

Kakistocracy said...

Musk doesn't need to launch an "America Party"—he already controls the tools to rally individuals into a critical mass.

Musk could build a political party or movement from a social network with over 100 million US users. In effect, the "America Party" already exists, with every X user a potential member. Trump is mistaken to view it as a third party with dim prospects—having been its first successful candidate, he should know better. This movement could capture entire sectors of the Republican and Democratic parties, acting either through them or independently. This is not politics as usual.

Mike (MJB Wolf) said...

Money talks.

tommyesq said...

I would argue that Trump/MAGA is the first true, successful third party (at least in the last 150 years), with Dems and RINO being the two major (but waning) parties.

Peachy said...

"Today's jobs report is a consequence of the illegal alien labor purge: foreign-born workers down 4 months in a row, down 1.5 million since April.
Native-born workers up 383K in July"

Leland said...

It was good theater. Better than any movie put out this summer.

Original Mike said...

"Today's jobs report is a consequence of the illegal alien labor purge: foreign-born workers down 4 months in a row, down 1.5 million since April."

But who will cut Kaka's lawn?

Kakistocracy said...

‘We’re so hot right now, hottest country in the world.’ ~ Donald Trump

Pro tip: Don't write stupid stuff about how great the economy is the day before a jobs report.

Original Mike said...

Peachy said..."Today's jobs report is a consequence of the illegal alien labor purge: foreign-born workers down 4 months in a row, down 1.5 million since April.
Native-born workers up 383K in July"


The striking thing is, Rich surely knew this yet he posted anyways. Did he think no one here would know?

Original Mike said...

"We’re transitioning to a workforce much less dependent on cheap, illegal labor — and the pain is largely borne by illegals leaving the country one way or another.

The attendant effects on wages and the domestic labor force participation rate ought to be splendid."

Kakistocracy said...

The foreign born workforce reduction of 1.2M is interesting. These are not all immigrants or illegals as 19.2 % of the US civilian workforce is foreign born. With 170M workers that is 32.6M foreign born workers at the end 2024. If it fell by 1.2M in 6 months that is a 7% annualized decline rate.

If there are, say 10M illegals at a participation rate of 77% (per govt.data) then 16% of illegals may have already gone home (or into hiding). If true that would suggest a rapidly growing shortage of labor in agriculture, construction and hospitality.

Since the labor market is close to full participation already it is hard to see where the growth is going to come from.

henge2243 said...

It'll be around next year along with the Tesla Roadster and the RoboTaxi.

Original Mike said...

"The foreign born workforce reduction of 1.2M is interesting. These are not all immigrants or illegals as 19.2 % of the US civilian workforce is foreign born. "

There is no reason to believe that legal foreign-born workers are leaving the work force.

Original Mike said...

"Since the labor market is close to full participation already…"

77% is "full"?

Lazarus said...

Now do Soros.

And there's still a lot of digging to do with the Epstein and Obamagate stories. Have at it.

hombre said...

The resurgence of Soros Democrats will destroy the nation. It is unlikely the Musk is unaware of that.

Kakistocracy said...

Hiring is slowing because inflation expectations are rising. With the imminent economic malaise, the shift in influence away from the US could accelerate.

Carter was voted out of office due to inflation caused by energy shocks largely out of his control. But the inflation the US could soon face will be entirely self-inflicted by Trump. Before the 2024 election, a group of Nobel Prize-winning economists had already warned Trump's proposed policies would be highly inflationary.

Due to inflation expectations, businesses are already desperately stockpiling goods before tariffs kick in, postponing investment and freezing hiring increasingly. Adding to this, credit card delinquency is significantly high already. This means that if mass layoffs are triggered, there could be foreclosures in the US on a scale not seen since the Subprime Mortgage Crisis.

The Trump stagflation begins, right on cue.

RCOCEAN II said...

Musk had better be fortifying his position as head of Telsa and his other companies, and fireproofing himself against more lawfare. The left never forgives or forgets. And he expects any DC republican to help him....wait he can't be that stupid.

Krumhorn said...

Apart from structural issues, one of the biggest challenges for a third party is actually getting on the ballot. States do not automatically provide a ballot line for someone who decides they want in the race. Just ask any write-in candidate.

- Krumhorn

boatbuilder said...

Ah yes, Financial Times. Kak's favorite. Bummed because the Great Musk/Trump Schism hasn't taken off. Too bad.

Mason G said...

"with Dems and RINO being the two major (but waning) parties."

One might argue that Dems and RINOS are members of the left and right wing of the same party. See: George Carlin, "It's a big club and you ain't in it."

https://www.youtube.com/watch?v=Nyvxt1svxso

donald said...

Mr north nailed it with the first comment. I don’t how anybody misses that.

donald said...

See. I don’t see how anybody…

Post a Comment

Please use the comments forum to respond to the post. Don't fight with each other. Be substantive... or interesting... or funny. Comments should go up immediately... unless you're commenting on a post older than 2 days. Then you have to wait for us to moderate you through. It's also possible to get shunted into spam by the machine. We try to keep an eye on that and release the miscaught good stuff. We do delete some comments, but not for viewpoint... for bad faith.