Trump ally and mega investor launches PAC to go against Musk's political ambitions - and takes jab at Tesla in its name
James Fishback, a former Department of Government Efficiency adviser, launched the FSD PAC Tuesday to counter Musk's 'antics.'
FSD, a swipe at Tesla's 'Full Self Driving,' stands for 'Full Support for Donald', and its goal is to ensure that Musk doesn't undermine or weaken Trump's hold over the Republican party, according to Politico.
'There's real frustration in our movement with Elon and his antics,' Fishback told the outlet. 'I'm a big believer in what he's doing in the private sector. But when it comes to politics, he's dead wrong on this.'
Fishback, 30, stepped back from DOGE after Musk's outbursts on X about the president, where the Tesla CEO claimed Trump is in the Epstein files and attacked the Big, Beautiful Bill.
Musk threatened to create his own political party as the feud between him and Trump reignited this week over the spending bill.
'If this insane spending bill passes, the America Party will be formed the next day,' Musk wrote on X.
Where Musk follows through on plans to fund third-party hopefuls to challenge Trump-endorsed candidates, FSD will step in to counter the world's richest man, Fishback said.
'If Elon actually launches a new party to take down Trump, I'm starting a Super PAC to defend the MAGA candidates he targets,' Fishback wrote in a post on X. 'I'll need your help to stop this sabotage of President Trump's winning agenda.'
The investor is putting $1 million of his own money into FSD in a display of loyalty to Trump, he said on X.
Fishback is the founder of investment firm Azoria Partners, which launched at Trump's Mar-a-Lago estate in Florida.
He was the mastermind behind plans to deliver DOGE dividends, where some savings gleaned from cuts would be given back to the taxpayer. Uncertainty surrounds the proposal now that Musk and Fishback have stepped away from DOGE.
In an interview last year, Fishback told MarketWatch his success grew from his humble beginnings as the son of a bus driver and a Colombian immigrant.
'In ten years, I went from helping my dad sell watermelons on the side of the road to generating over $100 million in trading profits,' he told the outlet.
Still, despite Fishback's efforts, GOP insiders aren't too worried about Musk's potential meddling in races, given his failed attempt to influence the outcome of the Wisconsin Supreme Court race in April.
'He's finished, done, gone. He polls terribly. People hate him,' an anonymous GOP operative previously told Politico before Musk officially exited the White House. 'He'd go to Wisconsin thinking he can buy people's votes, wear the cheese hat, act like a 9-year-old. ... It doesn't work. It's offensive to people.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
32 minutes ago
- Reuters
UK's Wise seeks to create national trust bank in US
July 2 (Reuters) - Money transfer company Wise Plc (WISEa.L), opens new tab has applied to be directly regulated by the U.S. Office of the Comptroller of the Currency (OCC) to create a national trust bank in the United States, according to an official document. An OCC document dated June 16 showed Wise seeking approval to operate as a nondepository trust bank in the U.S., a move first reported by Bloomberg News on Wednesday. If the application is approved, Wise would be able to bypass intermediary banks and settle U.S. dollar payments directly with the Federal Reserve, potentially cutting costs, speeding up transfers and giving it tighter control over its largest currency flow. It will also be a step toward deeper integration into the U.S. financial system. Trust banks can offer limited financial services. Wise, which made its debut on the London market in 2021, is planning to move its primary listing to the U.S. from London. The company's U.S. hub will be in Austin, Texas, where the firm already has about 450 staff.
.jpg%3Ftrim%3D0%2C0%2C0%2C0%26width%3D1200%26height%3D800%26crop%3D1200%3A800&w=3840&q=100)
The Independent
36 minutes ago
- The Independent
AOC blasts Trump's bill as ‘a deal with the devil' as she gives emotional floor speech trying to stop its passage
New York Democratic Rep. Alexandria Ocasio-Cortez slammed President Donald Trump's domestic megabill as a 'deal with the devil' in an emotional speech on the House floor. The House of Representatives returned to business on Wednesday to take up the Senate's version of Trump's 'Big, Beautiful Bill.' In her speech, Ocasio-Cortez referred to one of Trump's top campaign promises included in the legislation, no taxes on tips, as a 'scam' as she referenced her own past work as a bartender. 'On this point of tax on tips, as one of the only people in this body who has lived off of tips, I want to tell you a little bit about the scam of that text, a little bit of the fine print there,' said Ocasio-Cortez, before going on to note that the provision has a limit of $25,000 per year. The legislation doesn't include the tax break for those earning more than $150,000 a year. The congresswoman argued that the bill would be 'jacking up' taxes for lower-income Americans. The legislation extends tax cuts initially passed in 2017 during Trump's first stint in the White House. 'The cap on that is $25,000 while you're jacking up taxes on people who make less than $50,000 across the United States, while taking away their SNAP, while taking away their Medicaid, while kicking them off of the ACA and their health care extensions,' she said. 'So if you're at home and you're living off tips, you do the math. Is that worth it to you? Losing all your health care, not being able to feed your babies, not being able to put a diaper on their bottom in exchange for what? This bill is a deal with the devil.' According to a poll of 800 voters in Ocasio-Cortez's home state by Siena College, New York voters believe, by a 52 to 28 percent margin, that Trump's legislation would make life worse for a majority of Americans. Meanwhile, 61 percent supported removing income taxes on tips, while 21 percent opposed the measure. Empire State voters also backed requiring healthy adult Medicaid recipients to work to get benefits by a margin of 48 to 32 percent. They are also strongly opposed to cutting corporate taxes and cutting SNAP benefits for the poor. Ocasio-Cortez told members of the GOP on Wednesday that they should be 'ashamed.' 'It explodes our national debt. It militarizes our entire economy and it strips away healthcare and basic dignity of the American people — for what?' she added. 'To give Elon Musk a tax break and billionaires the greedy taking of our nation. We cannot stand for it, and we will not support it. You should be ashamed.'
Daily Mail
40 minutes ago
- Daily Mail
Deeply ironic safe haven that Elon Musk may have to flee to if Trump drives him out!
He's the richest man in the world with unlimited funds and an army of supporters who have his back. But Elon Musk may be scrambling to come up with a contingency plan as his former best friend - who is the President of the United States - has threatened to deport him.
