TrumpWatch 2026, Part II: Days of Wine and Corruption
We've actually had this item on the "to do" list for a few weeks. If ever there is a day to run it, today's
definitely that day.
Both the Republicans, led by Donald Trump, and the Democrats, led by no one, are trying to hammer out their
midterm messaging. And both sides are getting pretty serious about the same issue, albeit a slightly different
word for it on each side. To wit, the Democrats
think that
"corruption" is a potential winner, while Trump and the Republicans quite like "fraud."
We'll begin by talking about the Democrats' side of that, since they will have an embarrassment of riches
to choose from. Here's a list of ten instances of corruption from Trump and other prominent Republicans. This
is not an exhaustive list, by any means, and we are attempting to include both recent examples and particularly
egregious examples (of course, some examples are both recent AND egregious):
- The Slush Fund: Ahem. See above.
- Insider Trading, Part I: A small handful of people have made quite a bit of money with
their eerily accurate predictions about oil futures. By that, we mean that they have made multiple trades that evinced
an awareness of an upcoming action or announcement from Trump. The Department of Justice is
investigating the trades,
though it's hard to see that going anywhere as long as Todd Blanche, or one of his ilk, is in charge.
- Insider Trading, Part II: Trump, or someone acting in Trump's name, has been very busy
investing
in both the stock and bonds markets. His brokerage accounts have made over 3,200 trades this year (aka about 680 per month, or
about 23 per day), totaling between $200 million and $750 million. There aren't too many reasons to make so many trades,
unless you have insider information about specific companies.
- Insider Trading, Part III: This might be the most egregious of the three insider-trading
behaviors we note here. As part of his many stock transactions, Trump bought Palantir stock. Then, he promptly
promoted Palantir
on his Ivan-Boesky-approved social media platform.
- TMTG and Trump Crypto: This isn't exactly insider trading, but it's in the same
neighborhood. Trump has, of course, used his office to promote his various investment schemes, including his failing
media company and his failing cryptocurrency. It's not clear how much money he's personally made from the rubes, and how
much his friends have made, but there are clearly several people in Trump's orbit who have made out like
bandits.
- Trump Products: Many of Trump's supporters don't have the wherewithal to invest in the
stock market and/or crypto, but he certainly doesn't want to leave them out of the grifting. So, he continues to sell
all kinds of tacky products in his online store—most obviously MAGA hats by the bushel, but also the Trump Bibles,
and the electric guitars, and the gold watches and just about anything else that Chinese factories can crank out. The
latest grifty product, which we have written about, is the Trump cell phone, which is apparently about to start
shipping. NBC News
laid hands on one
and reported that the phone works poorly, has the Truth Social app pre-installed, and that the flag graphic that appears on
the back has the wrong number of stripes (11, rather than 13).
- Trump Airport: In the item above, we note that when Trump makes a promise about his
self-dealing, he often conveniently "forgets" that promise once the news cycle has moved on. Well,
when the airport that serves West Palm Beach was renamed after Trump, and the Trump family trademarked the name "Donald
J. Trump International Airport," a spokesperson for the Trump Organization insisted that the trademark filing was just a
maneuver to keep anyone from profiting off the name, and that the President had no intention of monetizing the
trademark. And now... guess what? The President is
going to monetize the trademark.
His company will oversee all Trump-airport-branded merchandise to be sold at the airport, while also having exclusive rights
to sell Trump-airport-branded merchandise outside the airport.
- LIV Golf: LIV Golf, as we have noted, appears to be in the process of collapsing. However,
during the years it has soldiered on, it has hosted numerous events at Trump golf courses, wherein the soon-to-be-former
backer of the league, namely the Saudi government,
has written checks
of unknown size to the Trump Organization. This is on top of other emoluments-clause-abusing grifts, like First Son-in-Law
Jared Kushner working for the Saudis and managing billions in assets in exchange for a way-above-market advisory fee,
or the Qatari jet that will become Trump Force One.
- Friends in High Places, Part I: The EPA, of course, has air quality rules. And those rules apply to
all polluters... unless they are friends with Trump. In March, the President (or, more likely, someone acting on his instructions)
sent a bunch of e-mails
to EPA Administrator Lee Zeldin, telling Zeldin to waive air pollution rules for Trump's favored companies.
- Friends in High Places, Part II: It would not be surprising if Trump started selling pardons. In fact, the surprising
thing would be if he did NOT sell pardons. The only real question is when "PARDONS 'R' US" might open for business. House Democrats
think
it already has, and are at work investigating at least a dozen pardons that appear suspicious.
Again, the blue team has a veritable smorgasbord of things to choose from here.
Of course, there is such a thing as "too much of a good thing." And the Democrats do have a history of tripping over
their own feet, and failing to distill their message down to something manageable. Put another way, it is probably not
wise to make hay out of all of these things. The savvy thing to do, in our view, would be to pick about three or
four particularly bad grifts—the ones that really get voters hopping mad—and to hit on those over
and over. All the better is if it can be boiled down into a pithy sound bite, like: "slush funds and airplanes and
pardons for sale, oh my!" We are confident that the slush fund is Trump's biggest Achilles' heel on this front, and
we assume that Democrats are focus grouping to see what other grifts particularly land with voters. If they are not,
they should call up Sarah Longwell from The Bulwark, and let her figure it out.
When it comes to Republicans, and "fraud," the story is rather different. The general plan is to make broad
and basically unsubstantiated claims of fraud against Democratic states, with "Fraud Czar" J.D. Vance
taking the lead.
These fraud claims will apparently focus on two things: fraud in the spending of federal money, and fraud in voting.
The administration will publicize its claims, and show it's "serious," by withholding certain funds from certain
blue states. For example, a $100 million+ Medicare payment to California has already been delayed.
So, which approach is going to work best? Obviously, at a glance, the Democrats would seem have the upper hand here,
and then some. However, scary and non-specific things can sometimes be more effective than irritating and highly
specific things. Further, the voters that Republicans are trying to reach tend to be far less concerned about evidence.
If the White House says there's fraud, then there's fraud, as far as many of these folks are concerned.
That said, while we concede the Republican approach could work, particularly if the Democrats don't get
their messaging ducks in a row, we see some serious problems with the plan. The first is that the punitive actions
that the administration takes, to highlight its position, are going to hurt people. Those people are not going to
be happy. And so, the shenanigans might actually backfire on the GOP, and cost them more votes than it gains
them.
On top of that, it's hard to think of a worse point person for this crusade than J.D. Vance. People don't like
him, people don't trust him, and he just can't "sell" the way Trump can, or even the way that, say, Marco Rubio
can. There is, of course, time for someone else to take over, but the fact is that the Trump administration bench
isn't very deep, especially since the half-dozen or so people that Trump really trusts either already have six
jobs (Rubio) or are looney tunes (Pete Hegseth).
And finally, when we started planning this item, we could squint and see how the GOP approach just might work.
But we think that the $1.776 billion slush fund brought that line of thinking to a conclusive end. The billion-dollar
grift is going to be the bright sun in the universe of grift, outshining all else by many orders of magnitude. It's like
this famous cartoon about notorious Gilded Age spoilsman Richard Croker:
All you have to do is replace "CROKER" with "TRUMP, $1.776 Billion."
In the end, the slush fund is just so egregious, and is such obvious self-dealing. Even if you believe California
is committing fraud (beyond the usual level of Medicare fraud that every state deals with), nobody has suggested
that Gov. Gavin Newsom (D-CA) is personally lining his own pockets. So we think, on corruption/fraud, it's going to
be "advantage Democrats" for the rest of the cycle, and beyond. (Z)
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