For Trump, Power and Values Matter Less Than Dollars and Cents

Why would an American president offend allies and cozy up to adversaries?

If there was an answer in Mr. Trump’s tumultuous week on the global stage, it may be that he disregards the traditional preoccupations of American foreign policy — power and values — in favor of a more narrow worldview shaped by his experience as a businessman.

Mr. Trump’s bitter clashes with Canada and Europe over trade, as well as his solicitous courtship of North Korea’s brutal dictator, all reflect this mercantile perspective. In his transactional approach to foreign policy, considerations of financial profit or cost — often measured in ways that economists deem simplistic — can outweigh virtually any other consideration.

.. Trump, like a lot of businessmen, doesn’t pay much attention to Canada, or Europe, or Japan,” Mr. Bader said. “Businessmen pay attention to the growth markets: Vietnam, Brazil, India, China.”

.. A slick promotional video that Mr. Trump showed Mr. Kim sketched out a gleaming vision of a prosperous, nuclear-free North Korea, with swooping construction cranes and high-speed trains.

.. ”They have great beaches,” Mr. Trump said to reporters. “You see that whenever they’re exploding their cannons into the ocean, right? I said, ‘Boy, look at the view. Wouldn’t that make a great condo behind?’ And I explained, I said, ‘You know, instead of doing that, you could have the best hotels in the world right there.’”

.. Mr. Trump considers it a prime location amid booming economies. “Think of it from a real-estate perspective,” he said.

.. “We save a fortune by not doing war games, as long as we are negotiating in good faith — which both sides are!” Mr. Trump said on Twitter.

.. The president expressed particular spite at the B-52 bombers that the United States has flown over South Korea in missions from Guam.

.. a potent manifestation of the American commitment to protect its Asian allies. But to Mr. Trump, they burn a lot of fuel and serve little purpose

.. “I know a lot about airplanes,” he said. “It’s very expensive.”

.. Asked on Tuesday about his clash with Mr. Trudeau after the Group of 7 meeting in Quebec, he answered with a long list of grievances — some based on erroneous data — about the trade deficits the United States runs with Canada, Germany, and other allies.

.. “They don’t take our agricultural products, barely. They don’t take a lot of what we have and yet they send Mercedes into us. They send BMWs into us by the millions. It’s very unfair.”

.. If anything, experts said, this common history is a red flag to Mr. Trump.

.. A consistent theme of the Trump administration has been to downgrade the value of allies and alliances,”

.. “To the contrary, they tend to be judged as military free-riders or economic rivals or both. That many are assertive, independent-minded liberals that regularly challenge the president only makes it worse.”

.. In his single-minded focus on economic gain

.. “The bottom line,” said Daniel R. Russel, a former assistant secretary of state for East Asian affairs now at the Asia Society, “is that President Trump paid retail for a few warmed-over promises and appears to have given away both leverage and deterrence.”

.. “The containment doctrine has given way to the condominium doctrine.”

Rudy Giuliani Attacks Stormy Daniels But Disgraces Himself

“Excuse me, when you look at Stormy Daniels,” Rudolph Giuliani, .. before interrupting himself to make a face. And what a face: Giuliani’s expression was, perhaps, meant to be one of knowing revulsion at Daniels, but the lopsided chaos of his features conveyed a moral contortion all his own. He had been explaining that Melania Trump believed in her husband implicitly, and so should everyone else, because he was Trump

.. Giuliani added, “I know Donald Trump. Look at his three wives, right?” It wasn’t clear if, with that questioning note, he was looking for a confirmation of the exact number of Trump’s wives. “Beautiful women, classy women, women of great substance. Stormy Daniels?” He paused to make another face

..  “But I’m sorry, I don’t respect a porn star the way I respect a career woman, or a woman of substance, or a woman who has great respect for herself as a woman, and as a person. And isn’t going to sell her body for sexual exploitation. So, Stormy, you want to bring a case? Let me cross-examine you.”

.. It is more of an honest living than some New York real-estate developers make.

.. she has also made it clear that she knew that she was taking a risk by opening herself up to this kind of attack

..  (Clifford has said that one of the new expenses she has taken on, in addition to her legal fees, is for security.)

.. Giuliani jumped in, seemingly intent on playacting the role of a beat cop from a past century, who, in dealing with the woman who comes to tell him her story, looks at what she is wearing, smirks, and turns away—or, as Giuliani suggested in his “cross-examine” remark, the role of the lawyer who has no better tactic than to try to humiliate a witness, labelling her a loose woman.

.. That is a form of sexual exploitation far more corrosive than any film that Clifford has ever made.

.. Giuliani’s comments went beyond whether Clifford could be believed to whether she could even be hurt. “Explain to me how she could be damaged,” he said. “She has no reputation. If you’re going to sell your body for money, you just don’t have a reputation.” But Clifford does not say that Trump, against whom she has filed a defamation suit (in the Southern District of New York, Giuliani’s old territory), damaged her by calling her an adult-film star. She says that he damaged her by saying, on Twitter, that her account of being threatened not to talk about their sexual encounter was “a total con job”—and that she, by implication, was a total con woman

.. when NBC asked Giuliani whether he regretted his remarks, he said that he did not, dressing up his denial with a vague reference to feminism and daughters. He also said, “I don’t have to undermine her credibility. She’s done it by lying.”

.. Giuliani, perhaps more than any of Trump’s other lawyers, has made Cohen sound like Trump’s bag man, with slush-fund-management responsibilities.

.. he corruption case against Benjamin Netanyahu, Israel’s Prime Minister, was a “joke

.. Mueller’s team was trying to “frame” Trump.

.. while the President could be impeached, “in no case” could he be indicted or subpoenaed, not even “if he shot James Comey.” There is regular speculation about when Trump might fire Giuliani. But it may be that Giuliani is the President’s lawyer because he is the kind of lawyer Trump likes.

.. Giuliani’s remarks about Clifford are more than repugnant; they are revealing. They convey a political philosophy that he and the President share

.. those who are vulnerable are meant to be wounded, and have no right to ask for respect, let alone protection. It is a bully’s declaration of open season on the weak.

.. But Stephanie Clifford is not as defenseless as Giuliani or Trump might think. She has presented a credible and strikingly strong legal case. Maybe Giuliani should be listening to her.

An Exclusive Peek Into Elizabeth Warren’s Luxurious CFPB Headquarters

Taxpayers no longer have to wonder how their money has been spent at the newly renovated headquarters at the Consumer Financial Protection Bureau.

Mick Mulvaney, the CFPB’s acting director, graciously allowed The Daily Caller News Foundation to take an exclusive tour on Feb. 1 of the federal office — founded by Democratic Sen. Elizabeth Warren of Massachusetts — that has been widely criticized for cost overruns and extravagance.

A June 2014 Inspector General report concluded there was “no sound basis” for the agency’s renovation cost estimates. Shortly thereafter, the contracting for the building was transferred from the bureau to the General Services Administration, that oversaw the current renovation.

.. The first thing that stands out is that the office space does not feel like a government building at all. It could be an upscale hotel, a college campus or a corporate headquarters.

“There was interest to move this above a Class C Building,” said a CFPB source familiar with the renovation and the operation of the building. “Now it’s a Class A building,” he told TheDCNF.

.. The $124 million spent to date for the 303,000 square foot office building is $409 per square foot, more than Trump World Tower, which cost $334 per square foot or Las Vegas’ Bellagio Hotel and Casino, priced at $330 per square foot.

 

Kushner Cos. in Talks to Buy Remaining Stake in 666 Fifth Ave.

Kushner Cos. is negotiating to buy the portion it doesn’t already own of 666 Fifth Ave., the financially ailing Manhattan office tower that last year became a lightning rod for criticism of conflicts between a senior member of the Trump administration and his family’s business interests.

.. The building has faced financial problems for much of the last decade because of the 2008 downturn, rising vacancy and its $1.2 billion debt, which comes due next year.

.. the proposal sparked controversy after it was revealed that Kushner was close to forming a partnership with Anbang Insurance Group, a Chinese insurer with connections to the government in Beijing.

.. Jared Kushner has taken steps to insulate himself from conflicts, selling his stake in 666 Fifth and other properties to a trust controlled by other family members.

.. The building is about 30% vacant, partly because Kushner was trying to empty it to prepare for redevelopment.

.. She noted that Kushner has written down the value of its stake in the building to less than 5% of the family’s net worth.

.. the family may face difficulty moving ahead with a redevelopment of the scale of last year’s plan partly because it has opted to shut itself off from major capital sources. For example, the company already has stopped doing deals with sovereign governments or funds because of appearances, according to people familiar with the matter.

.. Kushner also is no longer going after financing for its projects through the federal program known as EB-5, which grants green cards to foreigners

.. Lenders to Kushner projects include JPMorgan Chase & Co., Citigroup Inc. and CIT Group Inc.