00:00Trump calls Musk's new political party ridiculous us, President Donald Trump has hit out at former
00:09close ally Elon Musk over the multi-billionaires plan to launch a new political party, I think
00:14it's ridiculous to start a third party, said Trump, speaking to reporters on Sunday before
00:20boarding Air Force One, it's always been a two-party system and, I think starting a third
00:25party just adds to the confusion, after teasing the idea for weeks, Musk posted on X over the
00:31weekend that he had set up the America party to challenge the Republican and Democratic
00:35unit party, Trump and Musk were formerly close allies, with the Tesla boss leading the department
00:41of government efficiency Deutsch which is tasked with helping to cut federal spending, Musk has
00:46repeatedly criticized government policies that increase the US national debt, on Sunday, he said
00:52that while the new party may back a presidential candidate at some point the focus for the next
00:5712 months is on the House and the Senate, Trump also posted on his Truth social platform on Sunday,
01:03I am saddened to watch Elon Musk go completely off the rails, essentially becoming a train wreck over
01:08the past five weeks, the post took aim at Musk's push for an electric vehicle EV mandate, saying it
01:15would have forced everyone to buy an electric car in a short period of time, the president's tax and
01:20spending plan which he signed into law on the 4th of July, ended tax breaks for electric vehicles,
01:26he added that he had opposed Musk's proposal for an EV mandate from the beginning, explaining the
01:31reasons for omitting such, vehicles in the legislation, people are now allowed to buy whatever they want,
01:37gasoline powered, hybrids which are doing very well, or new technologies as they come about, no more EV
01:43mandate, the legislation includes increased spending for border security, defense and energy production,
01:49offset by controversial cuts to healthcare and food support programs, Musk floated the idea of a new
01:55political party online during his public spat, with Trump as he repeatedly criticized his spending plans.
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