00:00Billionaire Elon Musk said Saturday he is forming a third political party after a dramatic falling
00:09out with Donald Trump, indicating he will make good on threats he made if the president's
00:13domestic policy bill became law. When it comes to bankrupting our country with waste and graft,
00:19we live in a one-party system, not a democracy, Trump's former first buddy said on his social
00:24media platform, x. Today, the America Party is formed to give you back your freedom. Musk,
00:30the largest individual donor to Trump's 2024 presidential campaign and, until recently,
00:36a close advisor to the president who spearheaded his administration's push to cut government waste,
00:41had criticized Trump's big beautiful bill because of estimates that it would add trillions of dollars
00:46to the federal deficit. Source, CNN.
00:50So he calls his new launch the America Party. The president calls it ridiculous. Billionaire and
01:00former Trump friend had been teasing the idea for weeks. Now, Elon Musk posting on X that he's
01:06set up the America Party to challenge the Republican and Democratic Uniparty. Let's bring in our resident
01:12expert in all things Elon Musk. We'll stake in for a little scoop on the latest dispute between the
01:17world's richest man and his former best or, yeah, former bestie, you should say. A bromance that
01:24definitely blew up quickly. A lot of love lost there, for sure, if there was even really true
01:29love at all. What do you think Elon Musk is doing? Is this for real? You know, I mean, it certainly looks
01:35like a great strategy, at least for maybe his perspective, to get back at Donald Trump. I mean,
01:41this was initially, like you said in the intro, this was initially launched when the president was
01:46moving forward. The big, beautiful bill earlier this last month, Musk put out there, maybe he
01:50should start his own party. You know, there was kind of a back and forth back then. It seemed like
01:54the president got the upper hand. We started threatening Elon Musk's contracts, which his
01:59companies rely heavily on. And, you know, now with this bill being passed and Musk being out on the
02:04cold in terms of the tax credit, he's back at it saying he's going to launch this party. You know,
02:10we're going to have to see how that actually plays out. There's been no FEC filing. We haven't seen any
02:14real paperwork. He just posted it over the weekend. And, you know, it's coming as he's also attacking
02:20the president for a number of other things, like this Epstein announcement and whether or not there's
02:24a connection, which he's made these allegations, which, you know, are currently unfounded. So it
02:29seems like another tit for tat. We're going to have to see, you know, if there's any actually real
02:32juice behind it. Well, that's what I wanted to follow up with is, was it anything specifically
02:38filed? Do we know if this is indeed going forward? And what exactly, you know, what are the details
02:44of this party? But it sounds like right now he's just sort of thrown it out there and he's said
02:49things before and then he's reversed course. So, I mean, what are your inside sources telling you?
02:56Sorry. So talking to, you know, people that know him well, this is kind of a recurring thing with
03:00with Elon Musk. He'll get really excited, really invested in an idea, pour a lot of time and energy
03:06into it. And if it starts to get tough, sometimes he just kind of drops it. You know, he's been
03:10criticized for doing that with Twitter and X. He's now back, seemingly involved in it. Doge is
03:14another example, was all in on Doge. And then things got tough with the government, can't go in
03:19there with a chainsaw and he's out of the government. So some folks have been warning,
03:23like, you know, this is a starting a party is not something you can just do overnight. That takes a
03:28lot of work. And is he going to follow through with that? But he's at least saying he does have a
03:32political strategy. He wants to go after, you know, a few senators, a few members of the House to try to
03:38have some leverage when there's these like bills, like the big, beautiful bill and try to, you know,
03:42try to put his will on. Exactly. But, you know, people like the president's allies and the president
03:47say that's just going to hand Democrats the House and the Senate. So we'll see if he follows through.
03:52Stay tuned. In other words, we're to come. Yes. All right. Well, thank you so much.
04:02In response to Musk's threat to start a new political party, Trump threatened to investigate
04:07the billionaire's government contracts and subsidies. Last week, Trump said Doge may become
04:13a monster that may go back and eat Elon. Trump on Sunday slammed the idea as of Musk starting a third
04:19party ridiculous. I think starting a third party just adds to confusion, Trump told reporters.
04:26It really seems to have been developed for two parties. Third parties have never worked,
04:32so he can have fun with it. But I think it's ridiculous. The president went further in a social
04:36media post, lashing out at Musk directly. I am saddened to watch Elon Musk go completely
04:42off the rails, essentially becoming a train wreck over the past five weeks, Trump wrote on
04:47his conservative social media platform, Truth Social. He even wants to start a third political
04:53party, despite the fact that they have never succeeded in the United States.
04:57The system seems not designed for them.
05:02The system seems not designed for them.
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