Get Rich Or Become Politically Irrelevant Trying

From ‘Why Trump Can’t Afford to Lose‘ by Jane Mayer. 

“Two of the investigations into Trump are being led by powerful state and city law-enforcement officials in New York. Cyrus Vance, Jr., the Manhattan District Attorney, and Letitia James, New York’s attorney general, are independently pursuing potential criminal charges related to Trump’s business practices before he became President. Because their jurisdictions lie outside the federal realm, any indictments or convictions resulting from their actions would be beyond the reach of a Presidential pardon. Trump’s legal expenses alone are likely to be daunting. (By the time Bill Clinton left the White House, he’d racked up more than ten million dollars in legal fees.) And Trump’s finances are already under growing strain. During the next four years, according to a stunning recent Times report, Trump—whether reëlected or not—must meet payment deadlines for more than three hundred million dollars in loans that he has personally guaranteed; much of this debt is owed to such foreign creditors as Deutsche Bank. Unless he can refinance with the lenders, he will be on the hook. The Financial Times, meanwhile, estimates that, in all, about nine hundred million dollars’ worth of Trump’s real-estate debt will come due within the next four years. At the same time, he is locked in a dispute with the Internal Revenue Service over a deduction that he has claimed on his income-tax forms; an adverse ruling could cost him an additional hundred million dollars. To pay off such debts, the President, whose net worth is estimated by Forbes to be two and a half billion dollars, could sell some of his most valuable real-estate assets—or, as he has in the past, find ways to stiff his creditors. But, according to an analysis by the Washington Post, Trump’s properties—especially his hotels and resorts—have been hit hard by the pandemic and the fallout from his divisive political career. “It’s the office of the Presidency that’s keeping him from prison and the poorhouse,” Timothy Snyder, a history professor at Yale who studies authoritarianism, told me.”

This explains why Jim Jordan is STILL on Fox News as a Trump super surrogate. And why so many others in the media or government are consciously going down with the ship. Every Trump acolyte has one thing in common—like their leader, they’re most interested in their own self-preservation. So why continue riding the Trump train when it’s hours from jumping the track?

Because, as others have speculated, the only way out of Trump’s financial and legal nightmare is for him to start a media company. And hope like hell it’s his first business success. 

What does this have to do with Jim Jordan and all the other True Believers? To answer that, one has to understand Jim Jordan’s financial situation. He makes $174,000 a year and this is Ballotpedia’s estimate of his past net worth:

Screen Shot 2020-11-01 at 8.00.40 AM

When he’s blabbering on Fox News, he’s not trying to tilt the election, he’s auditioning for a top job at Trump Network with the expectation of making ten times more money. And the same for McEnany, Sarah Sanders, and Charlie Kirk. Don’t be surprised to see Ingraham and Hannity switch teams if the money’s right. 

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s