Berliner Boersenzeitung - A lingering Musk: Will ex-aide Elon get up Trump's nose?

EUR -
AED 4.230236
AFN 81.205996
ALL 98.542433
AMD 443.250965
ANG 2.061409
AOA 1056.262314
ARS 1341.338703
AUD 1.775985
AWG 2.073362
AZN 1.955425
BAM 1.961783
BBD 2.323566
BDT 140.749266
BGN 1.956765
BHD 0.43458
BIF 3387.643912
BMD 1.151868
BND 1.482745
BOB 7.981134
BRL 6.325486
BSD 1.15085
BTN 99.824986
BWP 15.520527
BYN 3.76619
BYR 22576.613623
BZD 2.31163
CAD 1.577662
CDF 3313.924525
CHF 0.940909
CLF 0.028248
CLP 1083.999589
CNY 8.280202
CNH 8.271853
COP 4703.077215
CRC 581.267742
CUC 1.151868
CUP 30.524503
CVE 110.723327
CZK 24.797412
DJF 204.709596
DKK 7.459457
DOP 68.363515
DZD 150.129852
EGP 58.367226
ERN 17.278021
ETB 155.559831
FJD 2.59608
FKP 0.855168
GBP 0.853932
GEL 3.13326
GGP 0.855168
GHS 11.871255
GIP 0.855168
GMD 82.348953
GNF 9970.569604
GTQ 8.845825
GYD 240.775973
HKD 9.042015
HNL 30.121528
HRK 7.534254
HTG 150.932462
HUF 403.246025
IDR 18881.420944
ILS 4.021684
IMP 0.855168
INR 99.844379
IQD 1508.947135
IRR 48522.441333
ISK 142.597256
JEP 0.855168
JMD 183.570303
JOD 0.816649
JPY 167.312866
KES 149.160181
KGS 100.730905
KHR 4630.509736
KMF 492.427806
KPW 1036.690443
KRW 1579.055576
KWD 0.352806
KYD 0.959075
KZT 599.055835
LAK 24851.552927
LBP 103207.376849
LKR 345.982195
LRD 229.970189
LSL 20.64129
LTL 3.401166
LVL 0.696753
LYD 6.243608
MAD 10.549382
MDL 19.845838
MGA 5108.535
MKD 61.551881
MMK 2418.007548
MNT 4130.079593
MOP 9.3057
MRU 45.752027
MUR 52.536751
MVR 17.744533
MWK 1999.643195
MXN 21.9207
MYR 4.901176
MZN 73.673843
NAD 20.64114
NGN 1783.541166
NIO 42.394589
NOK 11.535726
NPR 159.716795
NZD 1.92183
OMR 0.442902
PAB 1.15085
PEN 4.142692
PGK 4.7411
PHP 65.969757
PKR 326.612544
PLN 4.274294
PYG 9185.856126
QAR 4.193375
RON 5.031015
RSD 117.234815
RUB 89.845317
RWF 1641.41196
SAR 4.322474
SBD 9.607073
SCR 16.353012
SDG 691.697071
SEK 11.084386
SGD 1.479672
SHP 0.905187
SLE 25.859253
SLL 24154.101128
SOS 658.288473
SRD 44.749632
STD 23841.342857
SVC 10.069711
SYP 14976.886737
SZL 20.664622
THB 37.79452
TJS 11.393054
TMT 4.031538
TND 3.384764
TOP 2.697787
TRY 45.692693
TTD 7.820784
TWD 33.976679
TZS 3022.262152
UAH 48.055058
UGX 4148.616704
USD 1.151868
UYU 47.083189
UZS 14582.649559
VES 118.131786
VND 30106.950948
VUV 138.296225
WST 3.045252
XAF 657.929325
XAG 0.032196
XAU 0.000344
XCD 3.112981
XDR 0.817051
XOF 658.295431
XPF 119.331742
YER 279.481998
ZAR 20.748934
ZMK 10368.189944
ZMW 26.958518
ZWL 370.90104
  • CMSC

    0.0900

    22.314

    +0.4%

  • CMSD

    0.0250

    22.285

    +0.11%

  • RBGPF

    0.0000

    69.04

    0%

  • SCS

    0.0400

    10.74

    +0.37%

  • RELX

    0.0300

    53

    +0.06%

  • RIO

    -0.1400

    59.33

    -0.24%

  • GSK

    0.1300

    41.45

    +0.31%

  • NGG

    0.2700

    71.48

    +0.38%

  • BP

    0.1750

    30.4

    +0.58%

  • BTI

    0.7150

    48.215

    +1.48%

  • BCC

    0.7900

    91.02

    +0.87%

  • JRI

    0.0200

    13.13

    +0.15%

  • VOD

    0.0100

    9.85

    +0.1%

  • BCE

    -0.0600

    22.445

    -0.27%

  • RYCEF

    0.1000

    12

    +0.83%

  • AZN

    -0.1200

    73.71

    -0.16%

A lingering Musk: Will ex-aide Elon get up Trump's nose?
A lingering Musk: Will ex-aide Elon get up Trump's nose? / Photo: ALLISON ROBBERT - AFP

A lingering Musk: Will ex-aide Elon get up Trump's nose?

Donald Trump's sweeping domestic policy bill has careened into an Elon Musk-shaped brick wall, complicating its passage into law and risking a schism between the most powerful man in the world and the wealthiest.

Text size:

The US president's "big, beautiful bill" -- the centerpiece of his domestic agenda -- could define his second term and make or break Republican prospects in the 2026 midterm elections.

But the package is getting a rough ride in Congress over proposals to fund an extension of his 2017 tax cuts by piling on debt and cutting social welfare for the poorest Americans.

Enter tech billionaire Musk, who dropped a nuclear bomb on the 1,100-page blueprint at a crucial stage in negotiations Tuesday, calling it a "disgusting abomination."

And on Wednesday he called for Republicans to "kill the bill," and for an alternative plan that "doesn't massively grow the deficit."

In its latest estimate released Wednesday, the non-partisan Congressional Budget Office said the bill would add $2.4 trillion to US debt by 2034.

Musk, who last week ended his brief advisory tenure as Trump's cost-cutter-in-chief, tore into the bill in a prolonged denouncement.

The South African-born tycoon has voiced concerns before, but his language was much more combative, coming across as a declaration of war on the Republican Party, if not Trump himself.

The White House brushed off the criticism, saying Trump "already knows where Elon Musk stood," but the remarks will likely have gotten under the president's skin.

- 'Lennon and McCartney' -

The stakes could hardly be higher for Trump, who has made clear, with signature hyperbole, that he sees his bill as "arguably the most significant piece of legislation that will ever be signed."

He has yet to respond personally to Musk's social media rant -- sustained over six hours and 13 posts on Tuesday and still going well into Wednesday.

But Washington watchers aren't necessarily expecting a public falling-out.

Behind the scenes, a careful circling of the wagons is underway, with pro-Trump pundits under orders to refrain from trashing Musk and to instead frame his broadside as what Politico called "principled self-interest."

Still, for analysts contacted by AFP, there may be choppier waters ahead.

"It's the Lennon and McCartney of modern politics. Two egos, one spotlight, and a fragile alliance built on mutual benefits," said Evan Nierman, the founder and CEO of global crisis PR firm Red Banyan.

"The moment either one sees more upside in conflict than cooperation, the breakup goes public."

But political consultant and former Senate aide Andrew Koneschusky, a key player in negotiations over Trump's 2017 tax cuts, believes the Republican leader has nothing to gain by biting back.

"Musk has more money. Musk's megaphone, X, is bigger than Trump's. And Musk was deeply embedded in the administration for months," he told AFP.

"There's no telling what Musk heard or saw that could be embarrassing or problematic for the administration if the two were to go to war."

- 'Bromance' -

Musk —- who has cash to spare for his political adventures, including $280 million lavished on Trump’s election campaign -- slammed the Republicans who cleared the bill for Senate consideration and threatened to have their jobs in the midterms.

And the de facto leader of America's "tech bro" community demonstrated his political firepower with a single tweet in December that blew up a government funding bill that had enjoyed bipartisan support.

His take on the deficit implications of Trump's proposals is evidenced by copious independent research and he was immediately backed by some fiscal hawks in the Senate.

Continued interventions by Musk could be an ongoing headache for Trump, as he bids to shepherd his policy priorities through razor-thin Republican majorities in Congress.

But cheerleaders of the package -- and independent analysts contacted by AFP -- believe the Tesla magnate may discover that his celebrity in Trumpworld relies on the say-so of its mercurial chieftain.

"Musk may have had influence in December when his bromance with Trump was in full bloom," said Donald Nieman, a political analyst and professor at Binghamton University in New York state.

"But his break with Trump and his massive unpopularity with voters makes it easy for lawmakers to ignore him. If anything, it helps Trump by distancing him from a man who has become a pariah."

(P.Werner--BBZ)