Two recent verdicts have now left Donald Trump on the hook for nearly half a billion dollars.
On Friday, a New York judge handed the former president a $355 million penalty, and banned him from serving in a leadership position in any business in New York for three years, for fraudulently inflating his net worth to lenders in order to receive more favorable loan agreements. And in January, a Manhattan jury ordered Trump to pay the writer E. Jean Carroll $83.3 million for defaming her after she accused him of raping her. (A separate jury in May had found Trump liable for sexually abusing Carroll in the 1990s.)
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“It’s pretty scary from an ethics perspective,” said Virginia Canter, the chief ethics counsel at the Citizens for Responsibility and Ethics in Washington, a nonpartisan watchdog group that has chronicled Trump’s abuses of power and filed lawsuits against him.
You don’t have to look far to find the reasons why. Trump’s first term was riddled with conflicts of interest, and that’s in no small part because of his financial well-being (or lack thereof, depending on how you look at it). At the time that he tried to overturn the 2020 election, he was hundreds of millions of dollars in debt, largely stemming from loans to help rehabilitate his struggling businesses, and most of which would be coming due over the subsequent four years. Throughout his presidency, he refused to divest from his businesses, which made millions of dollars in revenue from taxpayers and continued to do work with other countries while he was in office — a practice he indicated he would repeat in a second term.
When in his almost eighty years on this planet has he ever acted or been treated like a regular citizen? Regardless of what should be, and what should have been, he isn’t normal. He is, by luck, by practice, and by preternatural talent, always evading consequences.
Those he cannot evade, he deflects onto others. So this moment of extraordinary , if his pattern holds, will also be extraordinarily laid upon others. If the GOP doesn’t find a way to remove it for him, and he doesn’t win the presidency, they know they’re in line to be footing the bill. If he does win the presidency, he’ll either evade(saying the president cannot be beholden to such a punishment and serve) or deflect, and through internal graft or external selling of favor, we’ll all end up paying his bill.
This isn’t an argument to feel sorry for him, nor to soften the judgment against him. This is an argument to be wary that he is still the same person he was before the judgment, and is likely to be as conniving as he has always been, if not the more so if he feels cornered by it.
This is a pretty big lump of coal to put in his stocking. How he reacts will be interesting and we should watch it closely.
My called shot is he just doesn’t pay. I don’t know what happens after that.