President Donald Trump says he is “saddened” by Elon Musk’s starting a third party over concerns about government spending, calling it a “ridiculous” effort that just will not have its intended consequences.

“I think it’s ridiculous to start a third party,” Trump told reporters before he boarded Air Force One on his way back to Washington from the Fourth of July weekend. “It’s always been a two-party system, and I think starting a third party just adds to confusion. Third parties have never worked. So he can have fun with it, but I think it’s ridiculous.”

Notably, speculation had Trump weighing a third party after Democrats and some Republicans attempted to impeach him, then investigate him, and ultimately prosecute him after Jan. 6, 2021.

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