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Lovecraft

But... But..... He has Billions and Billions?

 

Maybe needs to sell more garish trainers.

 

 

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Watt-Zeefuik

For some reason, no bank or surety insurer was willing to take their written valuations to provide bond in an appeal where he was convicted of defrauding banks and surety insurers by faking high numbers in their written valuations.

 

I can't imagine why . . .

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So I guess this means Musk declined to bail him out. No bank is going to give Trump of all people, a convicted financial fraudster and known non payer that much money.

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Bindy Badgy

https://www.google.com/amp/s/amp.cnn.com/cnn/2024/03/18/politics/trump-464-million-dollar-bond

 

Quote

Trump campaign spokesman Steven Cheung blasted the size of the fraud judgment.

 

“A bond of this size would be an abuse of the law, contradict bedrock principals of our Republic, and fundamentally undermine the rule of law in New York,” Cheung said. “President Trump will continue fighting and beating all of these Crooked Joe Biden-directed hoaxes and will Make America Great Again.”

 

Don't know about everyone else but I'm convinced.

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Lovecraft
1 hour ago, Cade said:

It's a New York case, they'll seize Trump Tower first.

 

:sweeet:

 

tumblr_mdghxtJeT41qb8pdro1_400.gif

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Bigsmak

I hope that they take Trump Tower and turn it into a centre for woman's rights, the LBGTQ community and perhaps a few floors dedicated to the Homeless. 

 

Maybe a small museum on the dangers of extremism or the history of slavery.  

 

 

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So we know he doesn't personally have this money, and we know no financial institution will guarantee it for him. In the court filing his lawyers said they had approached 30 companies including the biggest in the world, and no one will guarantee that much money.

 

Though to be fair to Trump I suspect they might be like that with anybody who had just been convicted of a gigantic financial fraud and is a known non payer, so it's not personal.

 

So now he either finds someone sharpish or NY is going to start taking his toys. But a huge question will be if he does somehow find this money before they start taking his shit, where did it come from? You can be guaranteed Putin if he could funnel it there quietly would, his life might very well be dependent on Trump winning an election.

 

And in fact many other actors would do the same thing in return for promises later. And Trump would take money from anybody, did we all notice he just recently started defending tiktok?

 

After years of saying it was a Chinese security risk while bashing China in general., Then just as everyone is saying it's a security risk and making moves against it Trump does a complete about turn. That's weird and questionable. Trump endorses nothing unless there's something in it for him.

 

And just in passing I don't even know WTF toktok is, and now that I think about it I don't even want to know, so don't anybody tell me. 😉 

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Maybe judge Cannon has stepped over a line this time and will be removed. She's inventing legal arguments that don't exist and jury instructions that don't exist. Her latest bizarre shit could have come straight from the mouth of one of Trump wacko lawyers it's so blatantly bias in his favour.

 

In favour of a guy whop is so obviously guilty of these crimes, we have him on tape showing classified documents to people who had no right to see them, and admitting they're classified. Smith is smart and surely has enough now to have her booted out and get this thing moving.

 

Trump judge takes action that is grounds for REMOVAL from Trump's case

 

The Legal Breakdown episode 227: @GlennKirschner2 discusses Judge Cannon's action that now serves as grounds for removal from Trump's classified documents case.

 

 

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Footballfirst
7 hours ago, JFK-1 said:

Maybe judge Cannon has stepped over a line this time and will be removed. She's inventing legal arguments that don't exist and jury instructions that don't exist. Her latest bizarre shit could have come straight from the mouth of one of Trump wacko lawyers it's so blatantly bias in his favour.

 

In favour of a guy whop is so obviously guilty of these crimes, we have him on tape showing classified documents to people who had no right to see them, and admitting they're classified. Smith is smart and surely has enough now to have her booted out and get this thing moving.

 

Trump judge takes action that is grounds for REMOVAL from Trump's case

 

The Legal Breakdown episode 227: @GlennKirschner2 discusses Judge Cannon's action that now serves as grounds for removal from Trump's classified documents case.

 

 

I read about that yesterday and it's not the first time she has shown bias.  The second of the propositions she put forward for "jury instructions" was nothing short of a "jury direction" to acquit.

 

"(b) A president has sole authority under the PRA to categorize records as personal or presidential during his/her presidency. Neither a court nor a jury is permitted to make or review such a categorization decision. Although there is no formal means in the PRA by which a president is to make that categorization, an outgoing president’s decision to exclude what he/she considers to be personal records from presidential records transmitted to the National Archives and Records Administration constitutes a president’s categorization of those records as personal under the PRA."

 

I've never understood the politicisation of the judiciary in the US, i.e. the political appointment of senior legal figures. It goes totally against the separation of powers between government and the legal system.

 

Note: The Rwanda bill is set to diminish that separation of powers in the UK, with government ministers granted authority to override legal judgements that say Rwanda is unsafe, simply by the government stating that it is a safe country.

Edited by Footballfirst
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Watt-Zeefuik

I believe for Cannon to be removed from the case, the government would have to file a motion for her removal. That's one of those "you come for the king, you best not miss" situations. If you get her removed, probably good, you might get another Trumpy judge but it can't be much worse. If not, consider the case gone.

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Watt-Zeefuik
2 hours ago, Footballfirst said:

I read about that yesterday and it's not the first time she has shown bias.  The second of the propositions she put forward for "jury instructions" was nothing short of a "jury direction" to acquit.

 

"(b) A president has sole authority under the PRA to categorize records as personal or presidential during his/her presidency. Neither a court nor a jury is permitted to make or review such a categorization decision. Although there is no formal means in the PRA by which a president is to make that categorization, an outgoing president’s decision to exclude what he/she considers to be personal records from presidential records transmitted to the National Archives and Records Administration constitutes a president’s categorization of those records as personal under the PRA."

 

I've never understood the politicisation of the judiciary in the US, i.e. the political appointment of senior legal figures. It goes totally against the separation of powers between government and the legal system.

 

Note: The Rwanda bill is set to diminish that separation of powers in the UK, with government ministers granted authority to override legal judgements that say Rwanda is unsafe, simply by the government stating that it is a safe country.

 

Forgive my extreme ignorance, but who does the appointment of judges in the UK?

 

It's *supposed* to be an apolitical process and historically has been one of those things that parties didn't dig in on, but Roe v. Wade changed that. People like Cannon are the product of a decades-long effort to "change" (corrupt more accurately IMO) the judiciary, organized largely through a group called the Federalist Society. The first big flashpoint was when Democrats refused to confirm the extremist Reagan nominee Robert Bork to SCOTUS and the Republicans got big mad about it. Everything since has been more of the same.

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Footballfirst
1 hour ago, Watt-Zeefuik said:

Forgive my extreme ignorance, but who does the appointment of judges in the UK?

Both in the UK and Scotland it's an independent body who interview and recommend candidates for a rubber stamp by government. It is highly unusual for the government to veto any recommendation (the final element of the process for Judges in Scotland is a recommendation from the First Minister to the King).

 

https://www.judiciary.uk/about-the-judiciary/our-justice-system/jud-acc-ind/jud-appts/

 

https://judicialappointmentsscot.getgotjobs.co.uk/

Edited by Footballfirst
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Watt-Zeefuik
1 hour ago, Footballfirst said:

Both in the UK and Scotland it's an independent body who interview and recommend candidates for a rubber stamp by government. It is highly unusual for the government to veto any recommendation (the final element of the process for Judges in Scotland is a recommendation from the First Minister to the King).

 

https://www.judiciary.uk/about-the-judiciary/our-justice-system/jud-acc-ind/jud-appts/

 

https://judicialappointmentsscot.getgotjobs.co.uk/

 

Cheers, thanks.

 

The ABA does similar reviews in the US and often provide lists of candidates. Again, this used to be a pretty non-controversial process but the emergence of the Federalist Society has changed all of that.

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Well it turns out that Donny has an outstanding $50,000,000 loan secured on Trump Tower, so the city probably won't seize that.

They'll go after all his other real estate in the city first.

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5 minutes ago, Cade said:

Well it turns out that Donny has an outstanding $50,000,000 loan secured on Trump Tower, so the city probably won't seize that.

They'll go after all his other real estate in the city first.

 

He already has loans using many of the buildings as collateral, it's why no one wants to deal with him. Or one reason.

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Watt-Zeefuik
10 minutes ago, Cade said:

Well it turns out that Donny has an outstanding $50,000,000 loan secured on Trump Tower, so the city probably won't seize that.

They'll go after all his other real estate in the city first.

Bedminster should do it I'd think. It's in NJ but at least it's close by.

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Watt-Zeefuik

Taken from a Fediverse post:

 

Dear New York Times et al,

He was never a successful businessman.

1. He inherited 400 million dollars and turned that into zero dollars.
2. He went bankrupt 7 times.
3. Some of those bankruptcies were casinos, literally a licence to print money which he couldn't manage.
4. He conned kids with cancer out of money once. That's why he can't run a charity anymore.
5. The following business ventures no longer exist or are insolvent:
a. Trump Steaks
b. Trump University
c. Trump Mortgage
d. Trump Vodka
e. Trump: The Game
f. Trump Ice
g. GoTrump.com
h. Trump Magazine
i. The New Jersey Generals
j. Trump Airlines
k. Trump Entertainment Resorts (filed for bankruptcy FOUR TIMES)
l. Trump Tower Tampa
m. Trump Taj Mahal
n. The Trump Plaza
o. Trump Castle
p. Plaza Hotel
q. Trump Media and Technology Group
r. Truth Social
s. Trump Shuttle, Inc
t. Trump Fire
u. Trump Power
v. Trump's American Pale Ale
w. Trump Marina
x. Trump Casino, Indiana
y. Trump Style
z. Trump World Magazine
aa. Trumpnet, LLC
ab. Trump Entrepreneur Initiative
ac. Trump Fragrances
ad. Empire by Trump
ae. Trump Mattress
af. Tour de Trump
ag. Trump Network
ah. Trumped!
ai. Trump Menswear
aj. Trump Home
ak. Success by Trump
al. Trump Hotel Bedding Line
am. Donald J. Trump Eyeglasses
an. Donald Trump Regency Lighting
ao. Select by Trump Coffee
6. Of the 16 companies that were manufacturing Trump-branded products in 2015, only 2 remain in business less than 10 years later. Neither of those companies are American. One is located in Panama and the other is located in Turkey.

Stop saying "successful businessman". My little company founded in 2014 has been in business longer, employs more people, and makes more income than 99% of his ventures. The difference between him and me is access to capital, which means he gets unlimited bites at the apple, and I get just this one if I'm lucky.

Signed,
a small business owner in Washington

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Maple Leaf
57 minutes ago, Watt-Zeefuik said:

Taken from a Fediverse post:

 

Dear New York Times et al,

He was never a successful businessman.

1. He inherited 400 million dollars and turned that into zero dollars.
2. He went bankrupt 7 times.
3. Some of those bankruptcies were casinos, literally a licence to print money which he couldn't manage.
4. He conned kids with cancer out of money once. That's why he can't run a charity anymore.
5. The following business ventures no longer exist or are insolvent:
a. Trump Steaks
b. Trump University
c. Trump Mortgage
d. Trump Vodka
e. Trump: The Game
f. Trump Ice
g. GoTrump.com
h. Trump Magazine
i. The New Jersey Generals
j. Trump Airlines
k. Trump Entertainment Resorts (filed for bankruptcy FOUR TIMES)
l. Trump Tower Tampa
m. Trump Taj Mahal
n. The Trump Plaza
o. Trump Castle
p. Plaza Hotel
q. Trump Media and Technology Group
r. Truth Social
s. Trump Shuttle, Inc
t. Trump Fire
u. Trump Power
v. Trump's American Pale Ale
w. Trump Marina
x. Trump Casino, Indiana
y. Trump Style
z. Trump World Magazine
aa. Trumpnet, LLC
ab. Trump Entrepreneur Initiative
ac. Trump Fragrances
ad. Empire by Trump
ae. Trump Mattress
af. Tour de Trump
ag. Trump Network
ah. Trumped!
ai. Trump Menswear
aj. Trump Home
ak. Success by Trump
al. Trump Hotel Bedding Line
am. Donald J. Trump Eyeglasses
an. Donald Trump Regency Lighting
ao. Select by Trump Coffee
6. Of the 16 companies that were manufacturing Trump-branded products in 2015, only 2 remain in business less than 10 years later. Neither of those companies are American. One is located in Panama and the other is located in Turkey.

Stop saying "successful businessman". My little company founded in 2014 has been in business longer, employs more people, and makes more income than 99% of his ventures. The difference between him and me is access to capital, which means he gets unlimited bites at the apple, and I get just this one if I'm lucky.

Signed,
a small business owner in Washington

Will the penny EVER drop in the MAGA cult?  And let's not forget that he was a crappy President, the worst in US history according to 150 Presidential historians.

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I wont be convinced till Monday that Trump wont somehow conjure up the cash at the 11th hour, it's what he did when the 100 million for the defamation case came due, he produced it the day before the deadline.

 

It's what he does with everything, any legal filings aren't submitted till they very last minute, often literally. And if this money is produced then that's a serious problem because we wont know where it came from. Might come from the same source Kushner's Saudi 2 billion came from. Given to someone who has no known expertise running hedge funds. We wont know.

 

Might come from the Chinese communist party who Trump has taken money from before, we wont know. And of course Putin would be happy to drop Trump a loan, hoping for a payback later. We wont know.   

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Seems the GOP are considering inviting Netanyahu to address Congress which he actually did once before in 2015 during the Obama administration. I actually remember watching that, he's an impressive speaker.

 

The GOP invited him in 2015 because he angled for it because Obama had declined to have a meeting with him. The GOP were deep into their anti Obama shit so they would have done anything to take a swipe at him and sort of rock the boat.

 

Netanyahu is currently at a low point with Biden so it seems again he's looking to dodge around the Whitehouse to pull the same stunt again. And given this GOP is a lot more reactionary and partisan now than in 2015 chances are they will do the same thing, in my view.

 

Why Netanyahu is cozying up to Republicans again

https://www.msnbc.com/the-reidout/reidout-blog/netanyahu-senate-republicans-congress-israel-rcna144303

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SwindonJambo
9 hours ago, JFK-1 said:

I wont be convinced till Monday that Trump wont somehow conjure up the cash at the 11th hour, it's what he did when the 100 million for the defamation case came due, he produced it the day before the deadline.

 

It's what he does with everything, any legal filings aren't submitted till they very last minute, often literally. And if this money is produced then that's a serious problem because we wont know where it came from. Might come from the same source Kushner's Saudi 2 billion came from. Given to someone who has no known expertise running hedge funds. We wont know.

 

Might come from the Chinese communist party who Trump has taken money from before, we wont know. And of course Putin would be happy to drop Trump a loan, hoping for a payback later. We wont know.   

Nor should you be. I wonder what he's got planned for the proceeds of this (if it gets voted through) ?

 

https://www.theguardian.com/us-news/2024/mar/21/donald-trump-wealth-to-rise-by-more-than-3bn-if-shareholders-back-plan

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Watt-Zeefuik
2 hours ago, SwindonJambo said:

Nor should you be. I wonder what he's got planned for the proceeds of this (if it gets voted through) ?

 

https://www.theguardian.com/us-news/2024/mar/21/donald-trump-wealth-to-rise-by-more-than-3bn-if-shareholders-back-plan

 

The problem is that the merger agreement as currently written prohibits him from selling shares for 6 months as is standard in arrangements like this. It's possible he could use it as collateral to borrow against or that he could get the company to waive it.

 

However, there's some indications that the value of Truth Social has been manipulated higher by large investors specifically to help beef up Trump's portfolio, and so by the time 6 months comes around he may not be able to sell it for the $3b it's currently supposed to be worth. Of course any surety vendor will be looking at that too.

 

I feel relatively certain he'll find a way to come up with the money one way or the other, if by no other means than actually selling off large chunks of his real estate in backroom deals via shell companies that have some kind of NDA on them to keep it out of the news until after the election. It's not like he has a great alternative -- he has to post the money in order to appeal, and if he fails to appeal, the judgements become permanent and James can start seizing his assets. It's just that so far he's been trying to bullshit his way through it the way he always does and the banks and the judges aren't buying it.

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The $3billion figure is based on the value of the shares he'd get in the deal, but he can't sell them for 6 months and who knows how much they'd be worth by then?

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SwindonJambo
1 hour ago, Watt-Zeefuik said:

 

The problem is that the merger agreement as currently written prohibits him from selling shares for 6 months as is standard in arrangements like this. It's possible he could use it as collateral to borrow against or that he could get the company to waive it.

 

However, there's some indications that the value of Truth Social has been manipulated higher by large investors specifically to help beef up Trump's portfolio, and so by the time 6 months comes around he may not be able to sell it for the $3b it's currently supposed to be worth. Of course any surety vendor will be looking at that too.

 

I feel relatively certain he'll find a way to come up with the money one way or the other, if by no other means than actually selling off large chunks of his real estate in backroom deals via shell companies that have some kind of NDA on them to keep it out of the news until after the election. It's not like he has a great alternative -- he has to post the money in order to appeal, and if he fails to appeal, the judgements become permanent and James can start seizing his assets. It's just that so far he's been trying to bullshit his way through it the way he always does and the banks and the judges aren't buying it.

He must be under immense strain, which cannot be good for the health of a 77yo. I imagine his old buddy Poo Tin might try to slip him a wadge if he can disguise where it came from. Not easy for that sort of sum of money!

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Lovecraft
20 minutes ago, SwindonJambo said:

He must be under immense strain, which cannot be good for the health of a 77yo. I imagine his old buddy Poo Tin might try to slip him a wadge if he can disguise where it came from. Not easy for that sort of sum of money!

Shame.  Hope nothing happens to his ticker.

 

 

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Dawnrazor
6 minutes ago, Lovecraft said:

Shame.  Hope nothing happens to his ticker.

 

 

He's got a great ticker, the best and strongest ticker in the world, everyone knows this.

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Footballfirst

Trump has been on Truth Social confirming that he has $500m in cash. That goes completely against what his lawyers claimed just a few days ago.

 

Image

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Maple Leaf
13 minutes ago, Footballfirst said:

Trump has been on Truth Social confirming that he has $500m in cash. That goes completely against what his lawyers claimed just a few days ago.

 

Image

"Through hard work and talent ... ", eh?

 

Those are descriptors I've never heard apply to Trump before.

 

 

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Maple Leaf
42 minutes ago, Jim_Duncan said:

TBF, he didn't specify whose hard work and talent.

Good point.  :thumb:

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Watt-Zeefuik

Of course. He has to maintain to the public that he's filthy rich, the same way he pretended to be other people to call up Fortune magazine to tell them how rich Donald Trump was in the 80s to boost his way up the Fortune 500.

 

In other news he's brought on Paul Manafort, who was convicted of acting as an unregistered Russian agent, back into his campaign.

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Footballfirst

MTG has submitted a motion to vacate the speaker once again.

 

 

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3 hours ago, Watt-Zeefuik said:

Of course. He has to maintain to the public that he's filthy rich, the same way he pretended to be other people to call up Fortune magazine to tell them how rich Donald Trump was in the 80s to boost his way up the Fortune 500.

 

In other news he's brought on Paul Manafort, who was convicted of acting as an unregistered Russian agent, back into his campaign.

 

Apparently if he just declared bankruptcy that could help delay it all even further and would help in a number of ways, seems it's what pretty much anybody would be advised to do by advisors. But despite already having something like 7 bankruptcies, this time he doesn't want to do it.

 

I'm guessing a pretend multi billionaire doesn't want the cult grunts to know hey not only am I not a billionaire, I'm effectively broke. Trumps stupidity and ego will see him hung.

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Watt-Zeefuik
55 minutes ago, JFK-1 said:

 

Apparently if he just declared bankruptcy that could help delay it all even further and would help in a number of ways, seems it's what pretty much anybody would be advised to do by advisors. But despite already having something like 7 bankruptcies, this time he doesn't want to do it.

 

I'm guessing a pretend multi billionaire doesn't want the cult grunts to know hey not only am I not a billionaire, I'm effectively broke. Trumps stupidity and ego will see him hung.

 

Bankruptcy when he was the owner of failing casinos was one thing, it just let him walk out of his epic failure with a lot of tax write-offs.

 

Bankruptcy in the middle of his Presidential campaign would be severe damage to his brand. He won't appear with disabled veterans because he thinks it make him look weak, so bankruptcy is right out.

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The video below Includes a good comparison with real billionaires, none of whom ever brag about their wealth. Like for just one Mike Bloomberg, a New Yorker who truly started with nothing. Born into a humble working class family, has a net worth over $50 billion. Real dollars, not fake inflated dollars.

 

Trump grew up in great wealth and inherited $400 million, then turned it into potentially less than nothing. That money has gone on Trumps ego, to feed his deep rooted feelings of intellectual inferiority. And his chronic need for attention. 

 

He's such a poor businessman his fathers holdings were sold off at a cut price, art of the deal or what, and the father who built this little empire is a father who might be the only other human ever that Trump appears to have respected.

 

Had any real emotional bond with. He wanted that empire maintained, his doting son sold it off at a cut price the moment he was dead. Trump threw away a legacy his father had wanted maintained. 

 

I think it was sold off cut price because Trump had massive debts, what's new, and needed money in a hurry, what's new. In my view he could be broke as well as in jail if he doesn't win this election. The prospect of which will make him ever more like a cornered animal.

 

Lawrence: NY fraud case will expose Trump's foundational political lie about his wealth

 

MSNBC’s Lawrence O’Donnell analyzes the latest developments in Donald Trump’s attempts to secure an appeal bond for New York Attorney General Letitia James’ civil fraud victory against him, including his late night rants on social media where, in an apparent contradiction to a court filing from his attorneys, he claims he has enough to pay the bond.

 

 

 

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14 hours ago, JFK-1 said:

 

Apparently if he just declared bankruptcy that could help delay it all even further and would help in a number of ways, seems it's what pretty much anybody would be advised to do by advisors. But despite already having something like 7 bankruptcies, this time he doesn't want to do it.

 

I'm guessing a pretend multi billionaire doesn't want the cult grunts to know hey not only am I not a billionaire, I'm effectively broke. Trumps stupidity and ego will see him hung.

The cultists will double down in their support for him and claim that the deep state are responsible for Trump's financial collapse.

 

A lot of them believe all his legal issues are the result of a witch hunt designed to prevent him from winning the election. They'll support him no matter what and believe anything that paints him as some kind of persecuted saviour of America.

 

They'll reject anything that states the simple truth that, he's not the messiah, and in actual fact, he's a very naughty boy.

 

 

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Ulysses

Is Trump still ahead in the opinion polls?  I'm too lazy to look this weekend. 

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SwindonJambo
2 hours ago, Ulysses said:

Is Trump still ahead in the opinion polls?  I'm too lazy to look this weekend. 

I refresh  this poll of polls page of the Economist, which is updated daily. It currently shows Biden with a 1% lead in the popular vote, which probably still leaves Trumpet in the lead due to the vagaries of the Electoral College.

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Maple Leaf
23 minutes ago, SwindonJambo said:

I refresh  this poll of polls page of the Economist, which is updated daily. It currently shows Biden with a 1% lead in the popular vote, which probably still leaves Trumpet in the lead due to the vagaries of the Electoral College.

That's a change.  Trump has been leading in most polls, iirc. 

But you're right about the popular vote; it doesn't mean much.  For example, Hilary "won" the popular vote by millions in 2016, but Trump still handily won the election by about 80 Electoral College votes.

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SwindonJambo
51 minutes ago, Maple Leaf said:

That's a change.  Trump has been leading in most polls, iirc. 

But you're right about the popular vote; it doesn't mean much.  For example, Hilary "won" the popular vote by millions in 2016, but Trump still handily won the election by about 80 Electoral College votes.

I said as much. The electoral college gives the Republicans an unfair inbuilt advantage, which means they can win elections with fewer votes than the Dems, which to me is ludicrous.

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Lone Striker

How far down the line is Trump's masterplan of having his daughter-in-law  divert  RNC campaign funds to pay his legal bills ?

 

Its an outrageous scam if it succeeds.

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