
A third party? Elon Musk’s project will need to overcome history
by Ron Nehring
Citing his issues with the “One Big Beautiful Bill” passed in Congress last week, Elon Musk has threatened to form a new third party to rival the Republicans and Democrats for control of Washington.
Legislating is the work of compromise, as intended by the founding fathers. Those compromises inevitably upset some, and on rare occasion it leads to threats to form a third party. Yet, a quick review of the history of those efforts should provide Mr. Musk with a dose of caution.
No successful political party in America has ever been founded by a single figure, even one with vast resources like Mr. Musk.
The most recent example of this historical truism was the 1992 attempt by Texas billionaire H. Ross Perot to turn his independent campaign for president into a third party under the banner of United We Stand America. Interestingly, Mr. Perot’s complaints, like Mr. Musk’s, primarily concerned spending and the national debt, and was aimed largely at Republicans.
Today, few can recall UWSA and Mr. Perot has faded into history.
America’s national debt and federal spending… Read More