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00:00So Elon Musk wants to start with a new third-party campaign.
00:05The reason for this, apparently, is that he's unhappy that the Trump administration and
00:10the one big, beautiful bill didn't drastically reduce the deficit or the national debt.
00:15Well, he's right that they didn't, but I don't think a new third party is going to do any
00:19good.
00:19Historically, third parties in the United States have basically been disastrous.
00:25You could call the Republican Party a successful third party.
00:27But first, it was in 1858 that it first appeared.
00:31And second, the Whigs had pretty much already collapsed by then.
00:35The Republicans have not collapsed now, and the Democrats, despite all their problems,
00:38have not collapsed yet either.
00:40So it's really not the same.
00:41Other efforts have all been pretty sad.
00:43Teddy Roosevelt ran under the Bull Moose Party banner when he lost the Republican nomination
00:48and wound up handing the presidency to Woodrow Wilson, who is a strong candidate for the worst
00:53president of the, well, of all time, and a pretty blocked candidate for the worst president of
00:59the 20th century.
01:00We had Ross Perot, who ran as a third-party candidate in 1992, and Ralph Nader ran in 2000,
01:06and some people claim he's the reason why Al Gore lost, so that's probably not true.
01:12It's just not a great record.
01:14The way the election is designed because of the Electoral College, such that there can really
01:19only be two primary parties going at any one time, so it's not likely to work.
01:24I think he's also missing some important points.
01:27Elon's a technologist, and so you ought to know that sometimes to get where you want to
01:31go, you've got to build the tools first.
01:33And sometimes you have to build the tools to build the tools to get to where you want
01:36to go.
01:36In this case, we're doing sort of the same thing.
01:39The one big beautiful bill did not lower the deficit and debt dramatically.
01:45But what it did do was help take apart the coalitions that led to the debt and the deficit
01:50and make it easier to cut things in the future.
01:54It drastically weakened organized labor.
01:56It drastically weakened higher education.
01:58It drastically weakened a lot of nonprofits and NGOs and other basically government-funded
02:03leftist activists.
02:05And that's a big deal.
02:06And it also facilitates deportations and reducing the illegal population in the United States,
02:13which gets rid of a lot of Democratic House seats that exist solely because of illegal
02:18populations in blue states, all of which helps to cement a Republican majority that can actually
02:23do things.
02:24Also, Elon did a great service by coming into politics, but that's not his greatest strength.
02:30Elon coming into politics is sort of like Elvis going into movies.
02:33I mean, he did kind of act.
02:34He did some movies.
02:35They were okay.
02:35Elon has some competencies in politics that are unusual for a tech guy, but that's not his
02:40real strength.
02:40His real strength is he builds rockets and other machines that do things that nobody else
02:44has been able to do.
02:45His overriding goal, which I've shared for decades, is getting humanity to become a solar
02:50system-wide species instead of a planet-bound species.
02:54And that's really where his talents are.
02:56If we'd had a Kamala Harris administration, they may have shut him down.
02:59They may have thrown him in jail.
03:00But that's been averted now, and he's free to go back to what he does best.
03:04And frankly, that's what I just think he should do.
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