Quick Summary:
DJ Trump has raised over a billion dollars from donors for his various political runs since 2015. Each time promising bigger and bigger far right conservative landslides with his hand-picked sycophant candidates. However, he did not deliver in the races of 2018, 2020 and now, 2022. Instead of the promised ‘red wave’, his efforts only produced a ‘red earthquake and sinkhole’ into which most of his BigLie candidates tumbled. Is this the political equivalent of an Ponzi scheme, a ‘POZILITICAL’ fraud? Will the donors demand a refund? Only #TrickyTrump – and his sucker donors know for sure!
Report:
Billion+:
How many times has DJ Trump gone to the Political donors’ well, and come back with bulging bank accounts? Over a billion dollar$ by all accounts for 2016, 2018, 2020 and now 2022 per FEC filings.
Just for the Donald J Trump Candidate for President, FEC ID P80001571 (2017-2020), raised over $811M!!
According to the Federal Election Commission, as of October 19, 2022, his Save America PAC #C00762591 had received 127.3M in donations, paid out 57.6M in expenditures, and had a balance remaining of 69.7M. Of course, some portion of that 69.7M would have been spent on the Nov. 8 election races.
From Red-Wave to Red-Earthquake:
However, despite claiming his donors would see landslide wins for their money, he caused the Republicans major losses in the last three of those elections, 2018, 2020 and 2022. He also lost the popular vote by 3 million to Hillary Clinton in 2016, but gained enough Electoral College votes in the states he carried to win the Presidency. So, with the 2016 results, Trump could continue to squeeze the donors with the promises of more victories with each subsequent election cycle. Of course, as long as the donors coughed up more and more cash each time. It did not work out that way.
He never delivered, or took the blame for the losses because of his bad candidates. In fact, for the projected 2022 election ‘red wave’ of Republicans (that evaporated before it began), he casually stated in an interview on election day with NewsNation,
“Well, I think if they win, I should get all the credit. And if they lose, I should not be blamed at all. But it will probably be just the opposite.”
Instead, the bragged about ‘red wave’ turned out to be a ‘red earthquake’ which caused many of the Trump-anointed candidates to perish in the ‘sinkhole’ of their own making. Leaving the new Republican Speaker of the House with only 222 members vs the Democrats 213. A disaster – and the party donors again wasted their millions on more Trump promises. They will never learn.
Conned once – shame on you. Conned twice – shame on me.
Just Another Ponzi Scheme?
A ‘ponzi scheme’ is an old investment setup whereby the fraudster promises big, quick returns on the suckers money invested with the fraudster. What these investors do not know is that any ‘returns’ paid out by the fraudster are just money from new suckers coming in for the promised big action. There is no real investment by the fraudster producing the returns promised.
However, to stay afloat, the fraudster must have more and more investors putting in more and more money, to pay out some returns to the earlier investors. Of course, in the background the fraudster is spending or keeping the rest for himself.
Eventually, the fraud collapses because there can never be enough money coming in to cover all of the needed payouts. The scheme is a bust. If caught, fines and prison time can be expected. For example, in 2009 Bernie Madoff was convicted in a $64B ponzi scheme. He eventually died in prison.
‘PONZILITICAL’ fraud by ‘Tricky Trump’:
Similarly, in 2018, 2020, and 2022, Trump repeatedly promised ‘big returns’ from donors money in the form of a majority of far-right Republican seats in the Congress if they bought his ‘Big Lie’, and backed his candidates to ‘Make America Great Again’. More and more money just kept flowing into his PAC with each election cycle.
But even in the 2022 midterm, he could not produce the ‘returns on their investment’ that he promised. We have termed this ponzi-like political scheme a ‘ponzilitical’ fraud – i.e., keep investing in me – the results of each new cycle will be bigger and better.
The result – donors are out hundreds of millions as the ‘red wave’ of victories never occurred. The Democrats still have the White House and the Senate for the next two years, and the Republican House is limited to just 222 seats!! In the meantime, Trump has received tens of millions of their money in his PAC to use he sees fit. Thus, we think he has earned the sobriquet, ‘Tricky Trump’, as author of the longest running, biggest and best grifting ‘ponzilitical’ scheme – that has not delivered since 2016.
‘It’s Huge!’
Updated January 3, 2023. Ed.
[End]
