Date: 2025-01-08 Page is: DBtxt003.php txt00027803
USA ... GOVERNANCE
THE QUESTIONABLE POWER OF MUSK!
House Democrats say GOP caved to Musk in
funding bill, protecting his China interests
THE QUESTIONABLE POWER OF MUSK!
House Democrats say GOP caved to Musk in
funding bill, protecting his China interests
Elon Musk walks on Capitol Hill on the day of a meeting with Senate Republican Leader-elect John Thune (R-SD), in Washington, U.S. December 5, 2024. REUTERS/Benoit Tessier Benoit Tessier | Reuters
Original article: https://www.cnbc.com/2024/12/21/house-democrats-say-gop-caved-to-elon-musk-protecting-china-interests.html
Peter Burgess COMMENTARY
Elon Musk is very rich and very powerful!
But he is possibly the most dangerous person in all of history!
For a number of years, I thought he was a brilliant engineer ... but it seems that this was only a part of the story. He was not so much a brilliant engineer, but more a brilliant con-artist!
He made a lot of money from his involvement with the development of PayPal ... as did a lot of others.
In the case of Elon Musk he replicated the PayPal success over and over again ... but not with much meaningful integrity.
I wish I had more details of all of this ... but it does not 'smell' right!
Peter Burgess
Published Sat, Dec 21 202410:32 PM ESTUpdated Sat, Dec 21 202410:45 PM EST
Written by Lora Kolodny ... @in/lorakolodny/
Key Points
- House Democrats Jim McGovern and Rosa DeLauro accused Republican colleagues of bending to Elon Musk’s demands in sinking a bipartisan funding bill.
- Congress passed a stopgap funding bill instead on Saturday, but discarded a provision to screen and regulate U.S. investments in China.
- The scrapped provision “would have made it easier to keep cutting-edge AI and quantum computing tech — as well as jobs — in America,” McGovern wrote on X.
Congress passed a separate stopgap funding bill over the weekend, averting a government shutdown.
In a series of posts on X, McGovern said more could have been accomplished. The scrapped provision “would have made it easier to keep cutting-edge AI and quantum computing tech — as well as jobs — in America,” he wrote. “But Elon had a problem.”
Tesla , run by Musk, is the only foreign automaker to operate a factory in China without a local joint venture. Tesla also built a battery plant down the street from its Shanghai car factory this year, and aims to develop and sell self-driving vehicle technology in China.
“His bottom line depends on staying in China’s good graces,” McGovern wrote about Musk. “He wants to build an AI data center there too — which could endanger U.S. security. He’s been bending over backwards to ingratiate himself with Chinese leaders.”
SpaceX, Musk’s aerospace and defense contractor, has reportedly withheld its Starlink satellite internet service over Taiwan at the request of Chinese and Russian leaders. Taiwan is a self-ruling democracy that Beijing claims as its territory. Taiwan’s status is one of the biggest flashpoints in U.S.-China relations.
DeLauro, the top Democrat on the House Appropriations Committee, wrote in a letter to Congress on Friday that Musk needs “Chinese government approvals for his company’s projects in the country.” It’s concerning, that Musk “has ingratiated himself with Chinese Communist Party leadership,” she wrote.
In the letter, DeLauro referred to the Tesla and SpaceX CEO as “President” Musk, alluding to the fact that the world’s richest person began railing against the prior funding bill on Wednesday, before President-elect Donald Trump came out with a statement of his own.
Trump had wanted the GOP to sink the bill, and issue a new one that would raise the debt ceiling so he could avoid that fight during the start of his second term in office. The stopgap funding bill, which President Joe Biden signed on Saturday, did not include the two-year suspension of the U.S. debt limit that Trump was seeking.
Musk responded to DeLauro’s concerns by calling her an “awful creature” in a post on X.
After acquiring Twitter in 2022, Musk rebranded it X and used it to help propel Trump back into the White House, becoming a close adviser and major backer to the incoming president along the way.
Musk contributed $277 million to the Trump campaign and other Republican causes during the 2024 cycle, according to Federal Election Commission filings. Since the election in November, Musk has become a nearly constant presence at Trump’s side, including in meetings with foreign leaders.
Trump appointed Musk to co-lead a group that’s not yet formed, but will be tasked with finding ways to cut regulations, personnel and budgets.
WATCH: Musk’s influence on government
Surprised how much influence Elon Musk and Trump already have on government: Tenacity's Ben Narasinwatch now VIDEO07:36
Surprised how much influence Elon Musk and Trump already have on government: Tenacity’s Ben Narasin
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