Musk Threatens Third Party If Trump’s BBB Passes

“If this insane spending bill passes, the America Party will be formed the next day. Our country needs an alternative to the Democrat-Republican uniparty so that the people actually have a voice. … Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history should hang their head in shame! And they will lose their primary next year if it is the last thing I do on this Earth.”

— Elon Musk, on X.

Musk Ain’t So Rich

<$400 billion

“Elon Musk’s net worth fell below $400 billion for the first time in two months, dragged down by a double-digit slide in Tesla Inc.’s share price,” Bloomberg reports.“The automaker’s stock has fallen 27% after hitting an all-time high in mid-December on hopes that Musk’s proximity to President Donald Trump would boost the company’s fortunes. Tesla shares and options make up more than 60% of Musk’s wealth, which peaked at $486.4 billion on Dec. 17 in the wake of Trump’s election.”

20k Government Workers Accept Musk’s Buyout

20,000

At least 20,000 federal employees have heeded the Trump administration’s call to leave their jobs and get paid through September, officials told news outlets yesterday, reported the Morning Brew newsletter. That means ~1% of the 2+ million-strong federal workforce is taking the deal first introduced in an email announcing a “Fork in the Road” (the same language Elon Musk used to offer buyouts to non-“hardcore” Twitter employees). This falls short of the White House’s goal of having 5% to 10% of federal staffers turn in their notice to cut down on government spending, but officials say the number continues to climb as the Feb. 6 deadline for accepting the offer nears.

Nobody Voted for Elon Musk

Elon Musk may have pleasured himself with his ability to slash Twitter’s workforce and turn it into a janky site for fascist fanboys. But America is not a software company. And letting a thin-skinned, Ketamine-fueled, video-game cheating, Nazi apologist billionaire take over the machinery of the United States is not something that anyone voted for. Finally Democrats in Congress are beginning to make this point. But citizens, too, must be full-throated. Because none of us, not a single one of us, voted for Elon Musk.

— Clara Jeffery, Mother Jones