Tag: donald trump
On Trial For Campaign Crimes, Trump Brazenly Solicits A Very Big Bribe

On Trial For Campaign Crimes, Trump Brazenly Solicits A Very Big Bribe

Nobody likes Big Oil, a monopolistic and heavily polluting industry with a legendary history of abusing its excessive power that can be traced back over the past hundred years.

But Donald Trump has promised to be the oil industry's best friend — if its bosses give him a billion dollars.

In the latest instance of the former president's mind-blowing corruption, he is reported to have entertained a group of two dozen top U.S. oil company executives at Mar-a-Lago. Over dinner at his Palm Beach sanctum, Trump is quoted as telling the chiefs of Chevron, ExxonMobil, and Occidental Petroleum and their colleagues that if they collectively coughed up $1 billion to ensure his reelection, he would take very good care of their corporate needs.

According to The Washington Post, he promised to toss out all of President Joe Biden's efforts to mitigate climate change, including new rules aimed at reducing automotive exhaust and promoting electric vehicles. For that measly billion bucks, he vowed to increase oil drilling in the Gulf of Mexico, where we have already seen catastrophic well blowouts, rescind restrictions on drilling in the Alaskan wilderness, pull down the windmills that he hates, and cancel the recent White House decision to pause new natural gas export permits.

"You'll get it on the first day," said Trump, according to someone who was present and blabbed to the Post. Speaking as crudely as any gangster, he informed the oilmen that they and their companies can easily raise that kind of money, and that paying him off would be "a deal" because of the high return on their investment.

No doubt they found it hard to argue with Trump's logic, since oil lobbyists are already writing dozens of executive orders that they want him to rubber-stamp if and when he returns to the Oval Office.

So is anybody surprised?

Only perhaps by the audacity of Trump explicitly soliciting a gigantic bribe, before a large group of witnesses, at a time when he is in fact on trial for campaign finance offenses and facing scores of additional criminal charges. But he has never felt abashed in displaying his venality. He lives in a world of miscreants who behave much the same way, from his son-in-law Jared Kushner, who sought and obtained an even bigger payoff from the Saudi dictator, to his adviser Steve Bannon, who will face criminal charges next fall for swindling the dopey donors to his fake "We Build the Wall" outfit.

As the eminent journalist Laurie Garrett observed on social media, Trump's attempt to extort the oil industry echoes one of the greatest government scandals in American history, under another Republican president owned by corporate power. Beginning in 1921, the Teapot Dome affair implicated officials of President Warren G. Harding's administration in the crooked leasing of public lands for oil exploration. Harding's Interior secretary Albert B. Fall ultimately went to prison for bribery, although none of the oilmen who paid him off did any time.

What we can expect from a second Trump administration is the most naked orgy of swindling and boodling that this country has ever seen. He thoroughly exploited the presidency during his first term, as outlined in my forthcoming book, The Longest Con. But his second term, should such a disaster occur, would be the conman's last big chance to score, and he can be expected to enrich himself to the maximum — at ruinous cost to the rest of us.

Joe Conason is founder and editor-in-chief of The National Memo.He is also editor-at-large of Type Investigations, a nonprofit investigative reporting newsroom formerly known as The Investigative Fund, and a senior fellow at Type Media Center. His new book, The Longest Con: How Grifters, Swindlers and Frauds Hijacked American Conservatism, will be published by St. Martin's Press in July 2024.

'Deny, Deny, Deny' Is No Longer Working So Well For Donald Trump

'Deny, Deny, Deny' Is No Longer Working So Well For Donald Trump

What was adult film star Stormy Daniels doing on the stand for a second day in a criminal trial about Donald Trump falsifying New York state business records? She may have been called by the prosecution, but it was Trump’s lawyers who put her there, Judge Juan Merchan said.

The exchange came in a hearing after testimony on Friday when Merchan denied a second motion for a mistrial by the defense based on prejudicial testimony by Stormy Daniels. Merchan took time to tell Trump’s lawyers that he went back over Stormy’s testimony on Tuesday, as well as their opening statement. “You denied that there was ever a sexual encounter between Stormy Daniels and the defendant,” Merchan told Todd Blanche, Trump’s lead attorney, so it was the defense that opened the door to her testimony and the “messy details” they object to, such as her statement that Trump refused to wear a condom during sex.

Additionally, Merchan found that the defense did not object to the “messy details” when they were revealed in direct testimony during questioning by the prosecution, so the testimony they failed to object to cannot now be used as grounds for a mistrial. Judge Merchan even said he could not figure “why on earth” Trump’s lawyer, Susan Necheles, had not objected to the question that elicited the “messy detail” about the missing condom.

Friday’s testimony by Stormy Daniels did not go well for the defense. Trump lawyer Necheles spent nearly an hour comparing and contrasting Daniels’ testimony on Tuesday with interviews she had given previously, like the one she gave to gossip magazine In Touch in 2010. She accused Daniels of making up the story about sex with Trump in the Lake Tahoe hotel in 2006. Daniels replied that if she had made it up, “I would have written it to be a lot better.” In another exchange, Necheles challenged Daniels about her account of the sex with Trump saying that as a porn actress, “You have a lot of experience in making phony stories about sex appear to be real.”

Daniels responded that “the sex in the films is very much real, just like what happened to me in that room.” That ended that line of questioning.

Another line of questioning that went flat was when Necheles challenged Daniels about how she had monetized her relationship with Trump by writing a book and selling a votive candle with an illustration of herself depicted as a saint. Daniels responded that her attempts to make money with branded products and her strip club tour were “not unlike Mr. Trump,” bringing that line of questioning to a quick close. The prosecution later called two publishing executives to read into the record from Trump’s books his claims of how much money he made monetizing the Trump brand and how he vowed to always exact revenge on anyone who “betrayed” him, clearly implying that Daniels was Trump’s victim, not the other way around.

The unasked question that hung over the courtroom throughout the testimony of Stormy Daniels and during Judge Merchan’s denial of Trump’s motion for a mistrial was, if Trump didn’t have sex with Stormy Daniels in 2006 in a Lake Tahoe hotel room, why did he have his lawyer pay her $130,000 and have her sign a non-disclosure agreement about what happened between them?

Until the trial for the lawsuit filed by E. Jean Carroll in which the judge found that under common definitions of the term, Donald Trump had raped her, and this trial, when Stormy Daniels has been able to get her story about her sexual encounter with Trump on the permanent record, Trump has gotten away with his practice of “deny, deny, deny.”

This time, by causing his lawyers to “deny, deny, deny” that he had a sexual encounter with Stormy Daniels, he exposed the truth not only to the world, but to a Manhattan jury that will now have to decide who to believe: Donald Trump, who has relied on his lawyers to deny the story, or a very smart and credible witness who parried every attempt by those same lawyers to poke holes in her story.

The prosecution is nearing the end of its case. They will call a few more witnesses to establish the facts of how Trump falsified his business records, and then they will call his former lawyer, Michael Cohen. Jurors have already heard an audio tape of Trump and Cohen discussing making a payoff to Playboy model Karen McDougal, and Cohen is sure to be a deadly witness who will provide more details of the payoff to Stormy Daniels.

Maybe Michael Cohen will answer the question about why Trump found it necessary to pay off Stormy Daniels to buy her silence, because it’s a sure thing that a stone-faced and silent Donald Trump won’t take the stand to do it.

Lucian K. Truscott IV, a graduate of West Point, has had a 50-year career as a journalist, novelist, and screenwriter. He has covered Watergate, the Stonewall riots, and wars in Lebanon, Iraq, and Afghanistan. He is also the author of five bestselling novels. You can subscribe to his daily columns at luciantruscott.substack.com and follow him on Twitter @LucianKTruscott and on Facebook at Lucian K. Truscott IV.

Please consider subscribing to Lucian Truscott Newsletter, from which this is reprinted with permission.

On Wisconsin Jobs, Biden Won And Trump Lost -- So Fox Whines About 'Trolling'

On Wisconsin Jobs, Biden Won And Trump Lost -- So Fox Whines About 'Trolling'

President Joe Biden traveled to Wisconsin on Wednesday to announce a new multibillion-dollar project by Microsoft, which stands in contrast to a notorious failure of local economic development in the state during the Trump administration. In response, Fox News’ purported “straight news” coverage accused Biden of “trying to troll” the public and otherwise dismissed the new project.

Biden traveled to Racine County to tout Microsoft’s $3.3 billion investment in a data center, which builds on other university partnerships and business projects the company has in the state. Notably, the data center will be constructed on land that was previously allocated for a factory to be built by Taiwanese electronics manufacturer Foxconn, in a deal pushed in 2017 by then-President Donald Trump and then-Gov. Scott Walker (R).

“Foxconn turned out to be just that,” Biden said Wednesday. “A con.”

The Vergereported in 2020 on the colossal failure of the Foxconn project. Though state and local governments spent at least $400 million on land and infrastructure, the factory never went into operation. And, far short of the 13,000 jobs that were promised, the company had hired fewer than 300 people by the end of 2019 and made a failed attempt to fill out its payrolls enough to qualify for state tax subsidies.

On the May 8 edition of MSNBC’s All In, host Chris Hayes said the Foxconn deal — along with many other Trump promises about saving jobs, reviving American manufacturing, or building important infrastructure — was “a big, glitzy announcement that turns into nothing.”

Hayes also revisited Trump’s remarks at a 2018 groundbreaking event in Racine County, in which he claimed the factory would be “the eighth wonder of the world.”

In Fox News’ telling, however, it was Biden’s event, rather than Trump’s failed promises on the Foxconn deal, that was politically suspect, and a cover-up for a supposedly failing economy to boot. (The American economy is objectively strong, despite the right-wing smear campaign to convince the public otherwise.)

  • Fox News anchor Harris Faulkner said people in Racine should ask the president why his economic policy “doesn’t … work for us, the American people.” “If anybody would like to raise their hand there — you don’t need to be a reporter, just be a citizen who is curious,” Faulkner said. “Mr. President, why doesn’t your economic policy work for us, the American people? Why is it not working for millions of people? And do you know when you wipe away the tax breaks you’re gonna hurt middle-class Americans too?” [Fox News, Outnumbered, 5/8/24]
  • Fox News White House correspondent Jacqui Heinrich claimed that Biden “turned to a new strategy of trying to troll voters” by touting the new data center at the site of the failed Foxconn project: “Is that what he’s left with, to just troll Trump?” Fox News anchor John Roberts added that the Microsoft AI center is “scheduled to be built — we’ll see if they actually break ground on it. We’ll find out soon.” Roberts then dismissed Biden’s remarks on job creation, saying, “Take off the rose-colored aviators” and changing the subject to attack Biden on the issue of inflation. [Fox News, America Reports, 5/8/24]
  • Fox Business host and former Trump administration economic adviser Larry Kudlow accused Biden of “trying to buy votes” while defending Trump’s failure on the Foxconn project. “And I might add, the Trump years, the money was allocated to Foxconn, but the foreign investor pulled out so it never got done,” Kudlow said. “So, such is life, nothing you can do about that.” (Right-wing commentators often accuse Democrats of “buying votes” through various government programs, even as people like Kudlow defend economic interventions by Republican administrations regardless of whether they succeeded or failed.) [Fox Business, The Big Money Show, 5/8/24; Media Matters, 9/29/15, 4/9/24]
  • Reprinted with permission from Media Matters.

    What Will Trump Tax Cuts Really Cost? Double The Estimate

    What Will Trump Tax Cuts Really Cost? Double The Estimate

    There is really only one signature legislative “achievement” from Donald Trump’s time in the White House: The 2017 Tax Cuts and Jobs Act. He did other things while in office—bungling the pandemic, wrecking relationships with allies, insulting veterans—but when it comes to bills pushed through Congress and collecting Trump’s signature, there’s only one thing that stands out. A tax bill that emptied the nation’s coffers to pay off billionaires and corporate bosses.

    Even at the time, it was clear that the bill would be extremely costly. Republican leaders claimed that the tax bill would generate growth and lead to “$1 trillion in additional revenue.” But the Congressional Budget Office estimated that the bill would actually cost the government $1.9 trillion before its cuts expired in 2025.

    Now the CBO is back with a new estimate of what it would cost to keep Trump’s tax cut in place over the next decade, and that estimate is more than double the original cost. Keeping Trump’s tax cuts would cost a whopping $4.6 trillion and send the nation on a path to a level of deficit only seen during the Great Depression, World War II, and … Trump’s bungling of the pandemic.

    Trump’s tax cuts are slated to expire in 2025, meaning that the winner of this election is going to determine whether the nation puts an end to this gravy train for billionaires, or extends it at a crushing cost to the average American. At his fundraiser that supposedly made $50 million in April, Trump told wealthy donors exactly what they wanted to hear: He plans to extend the tax cuts.

    Not only has Trump’s plan generated a crushing deficit that only gets much worse over time, but it has also failed to stimulate economic growth as Trump and Republicans promised. A National Bureau of Economic Research study shows that the bill produced only a small fraction of the promised benefits. Far from generating revenue, as Republicans promised, corporate tax revenue dropped by $100 to $150 billion per year.

    These effects are similar to what a Brookings analysis predicted in 2018: a small, short-term stimulus effect followed by negligible long-term benefits and a significant reduction in federal revenues.

    What we know now is exactly what was projected then:

    • Trump’s tax cut is heavily skewed to benefit a specific group of the extremely wealthy.
    • Far from increasing tax revenues, or being revenue neutral, it has generated enormous deficits that threaten to drown the nation in debt.
    • Despite having “jobs” in the title, the bill did not generate the waves of new investment that Trump promised.

    President Joe Biden has already made it clear that he would not extend Trump’s plan and its crushing deficit. Instead, he has proposed a package that would see increases for those making over $400,000 a year, while cutting taxes for lower income Americans. Biden’s plan includes:

    • Requiring billionaires to pay at least 25 percent of income in taxes.
    • A corporate minimum tax of 21 percent that would end corporations paying nothing.
    • Denying corporate tax breaks for multi-million-dollar executive compensation.
    • Quadrupling the tax that corporations pay when they buy back their own stock.

    The conservative American Enterprise Institute prepared an analysis of Biden’s plan in advance of the 2020 election and found that, rather than costing another $4.6 trillion, as Trump’s plan would, Biden’s changes would result in $3.8 trillion in revenue increases. It would also make the tax system more fair and progressive.

    There are many reasons to reelect Biden in the fall; so many that tax policy may not be getting as much attention as it usually receives. But that $8.4 trillion difference in revenue over the next ten years is the difference between a government that is capable of responding to issues like the climate crisis and other new threats as they arise, and one that is designed only to set back and provide a constant stream of cash for those who need it least.

    Reprinted with permission from Daily Kos.