AND AMERICANS ARE RICH PEOPLE:

Trump bemoans record stock market as just making ‘rich people richer’ (Tim Reid, December 17, 2023, Reuters)


The Dow Jones Industrial Average hit a record high last week, topping 37,000 and surpassing the previous record set in 2022. In a 2020 debate with Biden, Trump said that if Biden won the election, “the stock market will crash.”

Biden defeated Trump in the 2020 election.

In an attempt to give a populist and anti-Biden twist on the new record stock market high, Trump, a self-described billionaire, told a crowd of supporters in Reno, Nevada: “The stock market is making rich people richer.”

For the Right, the problem is that the better the economy the more attractive we are to, and the greater our need for, immigrants.

REMEMBER WHEN NEVER TRUMPERS POOH-POOHED THIS CASE?:

Donald Trump’s Own Witness Describes How Penthouse Price Was Inflated (Nick Mordowanec, 12/07/23, Newsweek)

Eli Bartov, a research professor of accounting at New York University’s Stern School of Business, testified on Thursday on Trump’s behalf and previously testified as an expert witness more than 15 times.


Bartov, according to multiple reports from those inside the courtroom, said the estimated square footage of Trump’s New York penthouse—roughly three times its actual size—was inflated.

He was referring to Trump more than doubling the value of his triplex apartment on his statement of financial condition, from $80 million to $180 million, between 2011 and 2012, according to ABC News.

“The triplex, the price was inflated,” he said. “There’s no question about that.”

A PROFILE IN maga COURAGE:

What The Cluck! Trump Chickens Out Of Testifying At Fraud Trial (Lucian K. Truscott IV, December 11 | 2023, National Memo)

In Trump’s big day on the stand in his fraud trial, which all of a sudden is not going to happen, his freedom was not at stake and all that stands to happen when the trial is over and he loses is to be fined an amount he can appeal until he’s in the grave and let his kids take care of, and possibly lose his license to do business in New York State. So, the stakes are, shall we say, a tad large but not existential.

Even so, Trump skedaddled.

As well he should have. The New York Attorney General, whom Trump called “LETICIA ‘PEEKABOO’ JAMES” in his screed this afternoon, noted that Trump had already been found to have “committed years of financial fraud and unjustly enriched himself and his family.”

“No matter how much he tries to distract from reality, the facts don’t lie.”

Ooooof. There’s your answer for all those chicken feathers in the air at Mar-a-Lago tonight.

ALWAYS BET ON THE dEEP sTATE:

Giuliani spread lies about Georgia election workers. A jury will decide what he owes them. (KYLE CHENEY, 12/10/2023, Politico)

U.S. District Court Judge Beryl Howell has already found him liable for defaming two Georgia election workers — Ruby Freeman and Shaye Moss — who faced threats and harassment after Giuliani and Donald Trump falsely accused them of manipulating ballots after the 2020 election. Those lies fueled conspiracy theories that have festered to this day.

Now, a jury in Washington, D.C., will be asked to determine the amount of damages Giuliani must pay for defamation, infliction of emotional distress and other punitive costs. Freeman and Moss haven’t specified a precise amount but are instead preparing to introduce expert testimony to estimate the harm they have experienced.

The damages trial is the latest form of accountability for those who aided Trump’s bid to subvert the 2020 election.

THE TIGHTENING NOOSE:

Trump’s Own Witness in Fraud Trial Admits He Knows Nothing About Finances (Tori Otten, November 17, 2023, New Republic)

Laposa said the attorney general’s approach to valuation was “flawed” because it relied on a market value analysis of Trump’s properties. He argued it should have been based on the investment value, which takes into account the owner’s investment requirements.

When Laposa returned to the stand Friday, a lawyer for the attorney general’s office asked him if he had any experience reviewing personal financial statements. Laposa said no.

The lawyer, Louis Solomon, then asked if Laposa is or has ever been a certified appraiser. Again, Laposa said no.

Solomon cited Laposa’s initial deposition from July, in which he said that when “disparate valuations exist, it is prudent and common practice to examine the underlying assumptions.” Laposa admitted he had not done so with Trump’s valuations.

Laposa also revealed he had never seen the financial statements for Trump’s property at 40 Wall Street, which might make it difficult to value the property accurately. (On the stand Thursday, Laposa said that 40 Wall Street in Manhattan was also undervalued.)

It’s unclear what Trump’s legal team sought to accomplish by bringing in Laposa as an expert witness. His disastrous testimony reflects how much of the trial has gone for Trump.

Pretty hilarious that Never Trumpers pretended this was a weak case to try to establish their bona fides.