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Why Elon Musk’s Third Party Is Doomed

July 7, 2025 at 10:12 am EDT By Taegan Goddard Leave a Comment

Elon Musk marked the holiday weekend with a splashy announcement: he’s forming a new political party out of what he says is growing frustration with both Republicans and Democrats.

It’s the sort of declaration that tends to grab headlines—especially when it comes from one of the world’s richest men.

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Trump Claims the Megabill Is the Most Popular Ever

July 7, 2025 at 9:51 am EDT By Taegan Goddard Leave a Comment

President Trump proclaimed that the recently-passed megabill is “the most popular bill ever signed in the history of our country,” adding for emphasis that “this is the single most popular bill ever signed,” CNN reports.

“That is an up-is-down reversal of reality.”

“The bill is wildly unpopular, poll after poll has found. While polls can be off, this bill wouldn’t be popular – let alone the most popular US bill ever signed – even with a massive and widespread polling error.”

Related for members: Can Democrats Weaponize Trump’s Big, Beautiful Bill?

Trump Confirms Side Deal with Paramount

July 7, 2025 at 9:47 am EDT By Taegan Goddard Leave a Comment

President Trump has all but confirmed a so-called “side deal” with the would-be future owners of Paramount, after they announced a settlement with the president, Variety reports.

On top of the publicly announced $16 million payment to settle Trump’s dubious “60 Minutes” lawsuit, David Ellison had secretly agreed to run $16 million worth of advertisements for Trump-aligned causes. 

Paramount denied any knowledge of the side deal, but that was the point — the company’s current management wouldn’t know.

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Musk Tweaks Trump with Jeffrey Epstein Post

July 7, 2025 at 9:26 am EDT By Taegan Goddard Leave a Comment

Elon Musk trolled President Trump early Monday with a post knocking the administration for making no arrests related to the Jeffrey Epstein case, The Hill reports.

Musk posted an image of “The Official Jeffrey Epstein Pedophile Arrest Counter” set to “0000.”

U.S. Measles Cases Reach 33-Year High

July 7, 2025 at 9:23 am EDT By Taegan Goddard Leave a Comment

“The United States has reached its highest annual measles case tally in 33 years, hitting at least 1,277 confirmed cases across 38 states and the District of Columbia,” the Washington Post reports.

“The milestone marks a public health reversal in defeating a highly contagious, vaccine-preventable disease as the anti-vaccine movement gains strength.”

Congress Returns in Post-Megabill Daze

July 7, 2025 at 8:49 am EDT By Taegan Goddard Leave a Comment

Semafor: “As the Trump administration turns to selling its megabill, lawmakers turn this week to other priorities that fell by the wayside as Republicans beat the odds to muscle through their mammoth tax-and-spending package.”

“The biggest task will be the White House’s ongoing push to claw back and slash billions of dollars in federal spending, using rescissions and annual spending legislation, respectively.”

“The Senate will mark up three appropriations bills this week and the House, which is out this week, will prepare for debate on another package next week. As for rescissions, the Senate has until July 18 to send Trump’s proposal to his desk, amid concerns from top lawmakers like Senate Appropriations Chair Susan Collins.”

Can Democrats Weaponize Trump’s Big, Beautiful Bill?

July 7, 2025 at 8:19 am EDT By Taegan Goddard Leave a Comment

With Trump’s “big, beautiful bill” now signed into law, the political challenge shifts to Democrats: Can they turn its deeply unpopular provisions into a winning message for the 2026 midterms?

Some early thoughts:

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ActBlue Remains a Juggernaut

July 7, 2025 at 7:55 am EDT By Taegan Goddard Leave a Comment

“President Donald Trump’s demand for an investigation into ActBlue worried some Democrats who argue his order was not about allegations of campaign finance violations, but an attempt to stifle liberal campaigns,” CNN reports.

“So far, ActBlue remains a Democratic juggernaut.”

“The platform brought in more than $393 million during the second quarter of this year, nearly on par with the $400 million it processed in the first quarter… The April-to-June haul marks a roughly 36% jump from its second-quarter receipts of $289 million in 2021, at the start of Democrat Joe Biden’s term.”

Trump’s Gold Card Visa May Never Happen

July 7, 2025 at 7:53 am EDT By Taegan Goddard Leave a Comment

Washington Post: “Trump and his aides have repeatedly exaggerated the likelihood that such a program can be implemented under current law, and they have made no effort to introduce legislation to make it happen. Immigration attorneys and other legal experts say a president has no power to unilaterally create a new visa category, which would require an act of Congress.”

Tesla Shares Plunge as Elon Musk Launches Third Party

July 7, 2025 at 7:50 am EDT By Taegan Goddard Leave a Comment

“Shares in Tesla are heading for a sharp fall in the U.S. as investors fear Elon Musk’s launch of a new political party will present further problems for the electric carmaker,” The Guardian reports.

“Tesla stock was down more than 7% in pre-market trading on Monday, threatening to wipe approximately $70 billion off the company’s value when Wall Street opens.”

Bloomberg: Tesla has a problem — and it’s not just the Elon Musk backlash.

Republicans Already Jockeying for 2028

July 7, 2025 at 7:40 am EDT By Taegan Goddard Leave a Comment

“Less than six months into President Trump’s second term, several possible GOP contenders for president in 2028 already are racing to build their national profiles, travel to early primary states and establish relationships with major donors,” Axios reports.

Said former RNC member Henry Barbour: “Everyone knows Trump has one term left, and I would say its a wide-open opportunity. These things start earlier and earlier.”

“Trump has mentioned Vice President Vance and Secretary of State Marco Rubio as possible successors, and they’re widely seen as the early favorites for the 2028 nomination.”

“Department of Homeland Security Secretary Kristi Noem, who has been raising her profile with a series of photo ops with ICE agents during immigration raids, is also viewed as a possible 2028 contender.”

Supreme Court Still Insists on Vast Piles of Paper

July 7, 2025 at 7:40 am EDT By Taegan Goddard Leave a Comment

New York Times: “The court’s rules require many litigants to submit 40 copies of their briefs, resulting in millions of pages printed each term. Critics call the process outdated and wasteful.”

Trump Sets August 1 Start for Tariffs

July 7, 2025 at 7:38 am EDT By Taegan Goddard Leave a Comment

“President Donald Trump plans to announce trade deals and deliver tariff warnings on Monday, as countries negotiated through the weekend to avoid the highest punitive measures on their exports to the US before a Wednesday deadline,” Bloomberg reports.

“The time line for the talks appeared to be reset after US officials signaled that trading partners will have until Aug. 1 before the tariffs kick in. That gives them the option of three more weeks for deal-making.”

Medicaid Cuts Won’t Be Felt Until After Midterms

July 7, 2025 at 6:35 am EDT By Taegan Goddard Leave a Comment

“President Trump’s tax and spending bill sets in motion nearly $1 trillion in cuts to Medicaid and other health policy changes that could loom over the midterm elections. But the real effects likely won’t be felt until well after the ballots are cast,” Axios reports.

“Despite negative polls and headlines, bill supporters could be insulated from political blame by a slow drip of policy changes that will play out over the next decade — a contrast to when the GOP tried to repeal Obamacare in 2017.”

Trump Threatens Extra 10% Tariff on BRICS Countries

July 7, 2025 at 6:31 am EDT By Taegan Goddard Leave a Comment

Wall Street Journal: “Trump said on Truth Social late Sunday that “tariff letters and/or deals” will be delivered from midday Monday, and threatened an additional levy on countries aligning themselves with the ‘Anti-American policies’ of the Brics group of emerging economies.”

Said Trump: “Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy.”

Don Bacon Won’t Rule Out Run for Governor

July 7, 2025 at 6:26 am EDT By Taegan Goddard Leave a Comment

“Rep. Don Bacon, one of the most vulnerable Republicans in the House, said this week he doesn’t have the ‘hunger’ for another grueling re-election campaign and won’t run for a sixth term next year,” NBC News reports.

“But Bacon, who spent 30 years in the Air Force and specialized in intelligence matters, said he’s interested in serving in an executive role down the road, and wouldn’t rule out running for Nebraska governor, or even president in 2028.”

The Biden Factor in the 2026 Midterms

July 7, 2025 at 6:24 am EDT By Taegan Goddard Leave a Comment

Playbook: “As Rep. Haley Stevens and state Sen. Mallory McMorrow jockey for position in the Michigan Democratic primary to succeed retiring Sen. Gary Peters, Playbook has obtained a new poll from Dem firm Normington Potts testing out both candidates’ vulnerabilities in head-to-head matchups against former Rep. Mike Rogers, the GOP frontrunner.”

“In a memo for Yes Michigan, pollster Jill Normington writes that both McMorrow and Stevens are ‘strong general election candidates,’ but that Stevens has a unique vulnerability in the general election: her congressional voting record supporting Biden — which was ‘the most damaging argument against any candidate’ in the poll.”

Trump Keeps Foreign Countries on Edge 

July 7, 2025 at 6:18 am EDT By Taegan Goddard Leave a Comment

“President Trump is set to rekindle economic pressure on America’s trading partners this week, as a deadline for making trade deals elapses and the administration begins notifying countries of the tariffs they’ll face on exports to the United States,” the New York Times reports.

Axios: The next phase of tariff limbo is just starting.

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Balanced Ticket: A balanced ticket is a paring of political party candidates designed to appeal to a broad swathe of the electorate.

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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