DAVID: There are two ways to think about a national third party: as a vehicle to get people elected and as a way to change policy. If Elon Musk’s plan for the America Party is to elect a president or even compete with Democrats and Republicans for control of the House or the Senate, I wish him luck.

“It is about time that the common sense man and the business man and the farmers and bankers of this country get together and formed a third political party,” William H. Woodin, the industrialist and future Treasury Secretary, told The Wall Street Journal on April 6, 1922.

A new poll found the likelihood of an America Party candidate winning an election is slim. It could, however, draw votes away from Republican candidates, hurting their chances as well.

LinkedIn cofounder and top Democratic donor Reid Hoffman said he's "very sympathetic" to Musk's core cause of reining in deficits.

The world’s greatest innovator has set his sights on America’s biggest problem: the two-party system that is ripping our social fabric, bankrupting