Skip to content
Andrew Tobias
Andrew Tobias

Money and Other Subjects

  • Home
  • Books
  • Videos
  • Bio
  • Archives
  • Links
  • Me-Mail
Andrew Tobias
Andrew Tobias

Money and Other Subjects

Musk – Part II

December 23, 2024December 23, 2024

Yesterday’s post about forming a shadow cabinet — Professor Timothy Snyder’s excellent idea — had a heavy dose of Musk.  (And one senior moment — I said Musk paid $44 “million” for Twitter when of course it was billion.)


Today: guess why Musk blew up the deal to keep the government open?

Heather Cox Richardson explains:


. . . Musk blew up the agreement by issuing what was an apparent threat to fund primary challengers to any Republican who voted for it. He apparently scuttled the measure on his own hook, since Trump took about thirteen hours to respond to his torpedoing it.

Musk expressed willingness to leave the government unfunded for a month, apparently unconcerned that a shutdown would send hundreds of thousands of government workers deemed nonessential into temporary leave without pay. This would include about 800,000 civilian employees of the Pentagon, about 17,000 people from the National Aeronautics and Space Administration (NASA), and those who staff the nation’s national parks, national monuments, and other federal sites.

Federal workers considered essential would have to continue to work without pay. These essential workers include air traffic controllers and federal law enforcement officers. Military personnel would also have to continue to work without pay.

Taking away paychecks is always wrenching, but to do it right before the winter holidays would devastate families. It would hurt the economy, too, since for many retailers the holiday season is when their sales are highest. Musk—who doesn’t answer to any constituents—seemed untroubled at the idea of hurting ordinary Americans. ″‘Shutting down’ the government (which doesn’t actually shut down critical functions btw) is infinitely better than passing a horrible bill,” he tweeted.

In the end, Congress passed a bill much like the one Musk scuttled, but one of the provisions that Congress stripped out of the old bill was extraordinarily important to Musk. As David Dayen explained in The Prospect, the original agreement had an “outbound investment” provision that restricted the ability of Americans to invest in technology factories in China. Senators John Cornyn (R-TX) and Bob Casey (D-PA) had collaborated on the measure, hoping to keep cutting-edge technologies including artificial intelligence and quantum computing, as well as the jobs they would create, in America rather than let companies move them to China.

As Representative Jim McGovern (D-MA) explained, Musk is building big factories in China and wants to build an AI data center there, even though it could endanger U.S. security. McGovern charged that Musk’s complaints about the spending in the bill were cover for his determination to tank the provision that would limit his ability to move technology and business to China. And, he noted, it worked. The outbound investment provision was stripped out of the bill before it passed.


And, HCR goes on to explain, a provision to lower health care costs was also stripped out of the bill.

As always, she is worth reading in full.



So much more to say, but with Christmas and Chanukah just hours away, let me just wish you all the happiest, healthiest, merriest, and most meaningful.

Every day is a gift!

 

Post navigation

← Let’s Form A Shadow Cabinet
It’s Chrismukkah! →

Quote of the Day

"The only money that's tainted is money that taint mine or taint enough."

an old Georgia governor

Subscribe

 Advice

The Only Investment Guide You'll Ever Need

"So full of tips and angles that only a booby or a billionaire could not benefit." -- The New York Times

Help

MYM Emergency?

Too Much Junk?

Tax Questions?

Ask Less

Recent Posts

  • Barney Frank, Water Volleyball Player -- and More

    May 21, 2026
  • Quick Takes . . .

    May 20, 2026
  • Teaching Civics, Not Dogma -- Some Actual GOOD News

    May 18, 2026
  • That China Trip -- How Many Stars Would You Give It Out of 10?

    May 17, 2026
  • The Democratic Autopsy

    May 16, 2026
  • Trump In China II

    May 15, 2026
  • Your Health and Lungs; China and Jobs

    May 13, 2026
  • Us Vs. Them

    May 13, 2026
  • The Death Of Putin

    May 12, 2026
  • Netanyahu And Trump

    May 11, 2026
Andrew Tobias Books
  • Facebook
  • Twitter
©2026 Andrew Tobias - All Rights Reserved | Website: Whirled Pixels | Author Photo: Tony Adams