Categories
Uncategorized

Trump’s fundraising is sad, pathetic and disqualifying

Yeah, we can laugh at the GoFundMe effort to pay Donald Trump’s $450 million judgment handed down in the New York City fraud trail.  (The fund now has more than $560,000 in donations from 7,200 suckers.) But the hard fact of the matter is that Donald Trump claims he’s going to appeal the judgment, which by law in New York, means he needs to put 120% of the amount due up to file the appeal.

Remember, there are two cases Trump says he’s appealing, both of which require cash up-front:  E. Jean Carroll will tie up about $85 million over the course of Trump’s appeal, and his New York financial fraud case will require at least half a billion to finance the appeal.  Estimates put Trump’s cash reserves between $400- and $600 million, meaning that if he needed to put his own money up for it, he could foot most of the bill, but it would be crippling.

So what’s Trump do?  Sure, GoFundMe might be able to cover the difference–oh, and don’t forget the tax such crowdfunding efforts incur; you don’t want to add to Don’s problems, do you?–but it would literally take years at this pace.  He’s precluded from doing business with any financial institution in New York. And what bank without a relationship with him would loan him the money?  Who–oh, who?–will?

While many have speculated that Trump’s endorsement of Lara Trump, his daughter-in-law with no marketable skills, to be co-chair of the Republican National Committee meant all donor money will go to him, they’re probably not wrong.  But it won’t go to fund Trump’s private court judgments.  Lara will spend the money on his legal fees in DC, Florida and Atlanta.  Don’s on his own in New York.  And that goes with the Super PACs as well:  there’s really no way for them to legally justify spending money on funding Trump’s appeal, and this is way too much money to have it fly under the radar.

That leaves the most likely source:  a private lender.  A major political benefactor–think Peter Theil–could front the money.  But then, a potential President of the United States would publicly owe a billionaire–maybe American, maybe not–a huge some of money.  (Trump, in his Trumpian way, will say such loans are common among people like them who are “really rich,” just like Clarence Thomas sincerely believes old white billionaires suddenly discovered how scintillating he was after he was appointed to the Supreme Court.) That gives Democrats a lot of fodder for ads and attacks, plus having every Republican down ticket defend it.

Of course, Trump could take the path he did after he was booked in Georgia:  he used a bail bondsman, posting 10% instead of the full amount.  But the $200,000 in the Fulton County case is three digits short of the New York amount, and Trump will have to work with companies to get the amount for a surety bond–all while having to provide them with accurate information about the property he’ll use as collateral for such a bond.  And if you’re one of those surety companies, would you believe him?  Plus, Trump would still have to pay the companies a high fee for the use of their money and that will not be cheap:  10% would be gracious.

The final, most desperate measure for Trump would be for him to sell one of his prized properties.  With Melania off the market thanks to the Emancipation Proclamation, Trump would have to find a buyer for a golf course or two.  And this leads to further questions about why someone would buy the property and for whatever price it’s/they’re sold for?

Remember how conservatives cried Hunter Biden only made money on his paintings because of his father’s influence?  Well, imagine that for a Party’s nominee for President.  How much more would someone pay to get on Donald Trump’s good side when he’s in crisis?  Free market economics outlines that a person needing cash will sell something at a lower price than when they’re in a more stable financial situation.  If the Trump properties sell above market value… isn’t that bribery?

A normal politician–even the most pre-MAGA ones–would have stepped aside by this point, knowing that the appearance of impropriety and potential for extortion was just too great.  Trump, of course, won’t admit it.  And unfortunately, neither will his followers.

Created by potrace 1.16, written by Peter Selinger 2001-2019

New York Post reports Trump to completely defeat Tren de Aragua gang but then the daydream ended and a cold reality sank in

48 mins ago

MAGA Senators still fine-tuning Hegseth defenses

5 hours ago

NASA developing phone-sized aquatic probes to explore Europa

7 hours ago

Venezuelan forces lay siege to Argentinian embassy in Caracas

18 hours ago

Fox News reports wokeness ruining country music industry

1 day ago

Philippines Vice President Sara Duterte says she’s ordered assassin to kill President Ferdinand Marcos immediately if/when she is killed

1 day ago

Random thoughts Friday, Volume CCI

2 days ago

Hungarian Nazi enthusiast named to National Security post

2 days ago

We’re gonna miss him when he’s gone

2 days ago

Hedge fund manager going to play with a lot more people’s money

2 days ago

Maine Republican declared winner of election for state seat by one vote after being arrested for choking wife in October

2 days ago

Canadian Clustertruck captain convicted

2 days ago

Top German conservative activist dies at 96

2 days ago

Guy who can’t get webcasts to work interested in buying MSNBC

2 days ago

Texas Supreme Court gets Ken Paxton out of a jam

2 days ago

Matt Gaetz says he won’t be back in Congress on January 3rd

2 days ago

Judge Merchan indefinitely postpones Trump sentencing

2 days ago

Mike Rogers not under consideration for FBI chief: Trump minion

2 days ago

MAGA Land urges children to sacrifice new toys for America First

2 days ago

Tucker says he told Johnson to “check with Putin” on Ukraine aid

2 days ago

Team Orange “blindsided” by Hegseth rape accusation

2 days ago

Convicted California pedophile faces 740 years to life in prison

3 days ago

New York man actually laser eye-memes fucking Kevin McCarthy

3 days ago

“He was doing very well but, at the same time, did not want to be a distraction for the Administration”: Trump on Gaetz withdrawal

3 days ago

Matt Gaetz pulls out before things got even more messy

3 days ago

Republicans don’t actually know how mass deportation will work

3 days ago

MAGA propagandists put on nominee defense duty

3 days ago

Barrasso comes out in support of Pete Hegseth

3 days ago

Allegation: Hegseth drugged, sexually assaulted woman

3 days ago

ICC issues arrest warrant for Netanyahu

3 days ago

Bobby Jr agreed that Trump fans are “Nazis” back in 2016

3 days ago

Florida man arrested for planning to bomb Wall Street

4 days ago

Out of control inflation: banana sells for $5 million

4 days ago

House Republicans lining up to sink Gaetz nomination

4 days ago

Not The Onion: Alex Jones sues Sandy Hook families, The Onion

4 days ago

Capitol rioter convicted of plotting to murder FBI agents

4 days ago

House Ethics fails to agree to release Gaetz investigation report

4 days ago

Elon Musk got a lot done today

4 days ago

Orange Pharaoh rages over pushback to his shitty picks

4 days ago

Laken Riley’s killer convicted

4 days ago

Bald asshole former acting AG gets NATO ambassador nod

4 days ago

Grindr user “SenatorPartySlut1776” complies with blackmail terms

4 days ago

Freeman and Moss ask judge to hold Rudy in contempt

4 days ago

Jaydee stuck trying to sell Senate GOP on Gaetz

4 days ago

Surprise! Bobby Jr bought into “plandemic” shit in 2020

4 days ago

Walmart CFO says they’re getting ready to jack up prices

4 days ago

US Embassy in Kyiv shuts down over anticipated Russian attack

4 days ago

AG-designate Gaetz helped pay $10K in tuition for two underprivileged sex workers, Committee investigation found

5 days ago

Wrestling executive to head US Education Department

5 days ago

Guy accused of battery who cheated on wife once wrote of one’s “moral responsibility” while at Ivy League. (No, the other guy)

5 days ago

x
x
x
x
x
x