The Strengthening Case Against Trump

Two days earlier Trump had to sit alongside three past presidents through the funeral of President George H.W. Bush. With Bush lauded as almost his exact opposite in style and manner, Trump looked throughout as if he wished he were anywhere else. Meanwhile, the stock market’s entire gains for the year were wiped out as Trump’s supposed trade truce with China fell apart.

It also became clear just how badly Trump has lost control of Congress. The Democrats’ gain in the House of Representatives continued to rise (the latest number is a stunning 40 seats), as closely fought, undecided races in last month’s midterm election continued to fall the party’s way. And some Republican senators are finally breaking ranks with Trump over the role of Saudi Crown Prince Mohammed bin Salman (a pet of both Trump and his son-in-law, Jared Kushner) in the grisly murder of the dissident journalist Jamal Khashoggi at the Saudi consulate in Istanbul. Unlike Trump, the senators refused to subordinate the moral and real-world implications of permitting a foreign government to murder a US-based journalist to the president’s exaggerated claims about the Kingdom’s future arms purchases and its supposed strategic role in curbing Iran’s regional ambitions.

.. At long last, we learned what embarrassing information Russian President Vladimir Putin had on Trump, after Cohen told prosecutorsthat Trump had long sought to build a grand, highly lucrative hotel in Moscow, permission for which had to come from the Kremlin. (Russia also stood to gain significant revenue from the project.)

.. Cohen’s testimony also highlighted the likelihood that various aspects of US foreign policy, including favorable statements about or treatment of certain autocratic leaders, have been influenced by Trump’s private business interests – existing or desired – in those countries, which include Turkey, the Philippines, and Saudi Arabia, as well as Russia. Meanwhile, Trump’s hotels, especially his expensive new one near the White House, received business from various countries. This is especially significant because, unlike his predecessors, Trump refused to detach himself from his private business when he took office

.. The corruption extends to Trump’s immediate circle. His daughter Ivanka was awarded trademarks from China for her clothing line (now defunct, though she has retained the trademarks and sought new ones). Her husband, Kushner, is believed to have used his position to try to find funds to pay off excessive debt incurred by his family’s real-estate business. And Cohen literally sold his supposed access to Trump to businesses for a reported $4 million (though how much, if anything, he delivered is open to question).

.. Trump’s ever-stranger behavior of late – including more frequent and more hysterical tweets – has been widely attributed to his growing realization of what the Democrats’ takeover of the House of Representatives means for his presidency.

‘I Am a Tariff Man’

It’s a bird, it’s a plane. No, it’s the President of the United States.

Trump officials continue to express optimism about the commitments that the Chinese made, and what they call a new seriousness from Mr. Xi and his chief economic adviser, Liu He. That is consistent with the message that recent U.S. visitors in private business have told us that they have also heard in Beijing.

But Chinese officials have been notably quiet and unspecific since the weekend about the commitments they made in Argentina. They haven’t even confirmed the 90-day negotiating deadline that Trump officials have stressed. In other words, who’s on first?

Then on Tuesday Mr. Trump belly-flopped into the debate, as he is wont to do. In a Twitter barrage, the President expressed optimism about his weekend meeting and the chances of a deal. But he added that “remember . . . I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way to max out our economic power.” All that was missing was a leotard with a T on the chest and a cape.

Markets apparently didn’t see the super hero humor and promptly sold off. Perhaps they know that tariffs are taxes on commerce, and when you tax something you get less of it. Mr. T’s unveiling also hit on the day after the yield curve on some Treasurys began to invert—which can mean trouble. The economy is still strong enough to survive some uncertainty, but Tariff Man shouldn’t go to war with the laws of economics. He’ll lose.

Tweets from Elon Musk Still Aren’t What They Seem

We’ve seen this before, and it’s worth noting again. A tweet from a blue-checked Elon Musk is all it takes to set a Bitcoin giveaway frenzy into motion. The only problem is that it’s just the same hoary old advance fee scam.

Hijacked verified Twitter accounts masquerading as Elon Musk are again being used to tweet messages, complete with typos, and a link to a webpage that’s supposed to be connected with Musk’s SpaceX. All this from a Twitter account complete with a verified blue check.

Motherboard’s Joseph Cox noted that the hijacked account actually retweeted genuine tweets from the real Elon Musk to appear more convincing. Other compromised accounts complete with blue check join in the thread, telling the marks that they’ve sent in Bitcoin and received more in return, just by retweeting the message to their own followers.

Scammers earn a tidy sum exploiting Twitter users’ gullibility, so shutting one scam down is just a small bump in the crooked road. As one is shuttered, another takes its place to entrap the gullible and greedy. Sometimes the scammers even get the spelling and grammar correct. One quick lesson to draw from this episode is that the blue check may not be much more help than the old green padlock as a marker of trustworthiness.