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Trump Has Reeled in More Than $200 Million Since Election Day
The president-elect has boasted about the donations for his inauguration, library and political activities from those seeking favor or perhaps in some cases, atonement.
Since his victory in November, President-elect Donald J. Trump’s allies have raised well over $200 million for a constellation of groups that will fund his inauguration, his political operation and eventually his presidential library, according to four people involved in the fund-raising.
It is a staggering sum that underscores efforts by donors and corporate interests to curry favor with Mr. Trump ahead of a second presidential term after a number of business leaders denounced him following the violence by his supporters at the Capitol on Jan. 6, 2021.
Mr. Trump has promised to gut the “deep state” and made various promises to industry supporters. Among the pledged donors for the inaugural events are Pfizer, OpenAI, Amazon and Meta, along with cryptocurrency firms.
The total haul for the committee financing his inaugural festivities — at least $150 million raised, with more expected — will eclipse the record-setting $107 million raised for his 2017 inauguration, according to three people briefed on the matter who requested anonymity because they were not authorized to share internal financial information.
Other committees benefiting from the fund-raising blitz include a super PAC called Make America Great Again Inc. and its associated nonprofit group, which is expected to be used by Mr. Trump’s team to back his agenda and candidates who support it, while opposing dissenters.
Mr. Trump has boasted about the haul, telling people during the Christmas holiday season that he had raised more than $200 million since the election. Mr. Trump’s team has repeatedly noted how many people have wanted to find ways to donate to him since his election win.
The Trump transition and inaugural committee did not return emails seeking comment about the fund-raising haul.
David Tamasi, a lobbyist who has raised money for Mr. Trump, dismissed a suggestion that corporate interests were giving to avoid Mr. Trump’s wrath, though he acknowledged that some donors may be trying to atone for having previously maintained distance from the president-elect.
“It is a time-honored D.C. tradition that corporations are enthusiastically embracing this cycle in all manners, largely because they were on the sidelines during previous Trump cycles,” he said. “They no longer have to hedge their political bets.”
Inaugural committees can accept unlimited contributions from individuals and corporations, but not foreign nationals. Major corporations that try to avoid partisan politics have long donated to inaugural funds to signal a willingness to work with new administrations and support for the democratic transfer of power, regardless of the incoming president’s party.
But there is cross-pollination among top fund-raisers for Mr. Trump’s inauguration and his political efforts, including several partners at lobbying firms that represent major corporate interests. Raising money for the inauguration can help lobbyists secure access for clients, and cachet for themselves with the incoming administration.
Among the four finance chairs for Mr. Trump’s inaugural committee are the lobbyist Jeff Miller and Reince Priebus, a former chief of staff in the Trump White House who is not a lobbyist but is chairman of the board of advisers of the lobbying firm Michael Best Strategies. Their firms represent companies with much at stake in the forthcoming administration, some of which plan to donate to the inauguration.
Mr. Miller’s firm, Miller Strategies, represents Pfizer and the Pharmaceutical Research and Manufacturers of America, each of which has pledged donations. Their executives met after the election at Mar-a-Lago with Mr. Trump and his choice for health and human services secretary, Robert F. Kennedy Jr., amid concerns about how the drug industry might be affected by Mr. Kennedy, a vaccine skeptic.
Since the election, Mr. Miller’s firm has registered to lobby for the ride-share tech company Uber, which has donated $1 million, as has, separately, its chief executive Dara Khosrowshahi. The firm also represents the tech company OpenAI, whose chief executive, Sam Altman, plans to give $1 million. Michael Best Strategies has represented the cryptocurrency firm Ripple for nearly four years. It has pledged $5 million in its own cryptocurrency, XRP — among the largest known donations to the inaugural committee.
After the election, Ripple retained the lobbyist Brian Ballard, a top Trump fund-raiser.
Another Ballard client, Robinhood, a leading cryptocurrency trading platform, has donated $2 million.
“We look forward to working with President Trump and the incoming administration to drive positive change in the markets, be an active voice for customers and pursue our mission to democratize finance for all,” Mary Elizabeth Taylor, Robinhood’s vice president of global government and external affairs, said in a statement.
Other companies associated with cryptocurrency are expected to be major contributors as well, reflecting optimism that Mr. Trump will deliver on his campaign trail promises to dial back federal scrutiny that figures in the industry say have stifled its growth.
Amazon, a Ballard client that found itself crosswise with the first Trump administration, said it planned to donate $1 million in cash.
Donations of at least $1 million grant access to the top package of perks related to several days of festivities in the run-up to the inauguration on Jan. 20, including what are touted as “intimate” dinners with Mr. Trump and Vice President-elect JD Vance, though often with many attendees, as well as black-tie balls after the swearing-in.
Other entities, ranging from companies like Meta to previous Trump critics like the billionaire Ken Griffin, have made $1 million donations to the inaugural.
Contributions to inaugural committees, which are required to be publicly disclosed to the Federal Election Commission months after the inauguration, are one of the last major opportunities to financially support a second-term president.
Mr. Tamasi and Oswaldo Palomo, who are partners in the lobbying firm Chartwell Strategy Group, raised more than $3 million for the inaugural. Their firm represents companies that could be affected by Mr. Trump’s proposed tariffs, including the South Korean automaker Hyundai and a U.S. subsidiary of the South Korean conglomerate SK Group.
The deadline for donating to the inaugural to be eligible for the perks of the weekend is Jan. 10, according to documents distributed to potential donors.
If the inaugural committee’s fund-raising exceeds the amount budgeted for the festivities, the expectation among fund-raisers is that the excess would be transferred to the committee collecting money toward a presidential library for Mr. Trump after he leaves office, according to two people involved in the effort.
The Donald J. Trump Presidential Library Fund Inc. was incorporated in Florida on Dec. 20, six days after it was revealed that ABC News had agreed to donate $15 million to Mr. Trump’s future presidential foundation and museum to settle a defamation claim he had brought against the network.
The fund was incorporated by a lawyer in Florida, Jacob Roth, who has previously created Trump groups, including the inaugural committee, according to state corporate records. The purpose of the entity, according to the Florida articles of incorporation, is “to preserve and steward the legacy of President Donald J. Trump and his presidency.”
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“I think yes”: Biden believes he would have won election over Trump had he stayed in the race
When asked if his health would have held up to four more years of the presidency, Biden said “Who the hell knows?”
President Joe Biden thinks he had the juice.
The outgoing president speculated that he would have beaten President-elect Donald Trump a second time had he stayed in the presidential race in 2024. In a wide-ranging interview with USA Today, Biden was adamant that he would have fared better than Vice President Kamala Harris but balked on whether he could have served for four more years.
“It’s presumptuous to say that, but I think yes,” Biden told the outlet when asked if he would have won in November. “When Trump was running again for reelection, I really thought I had the best chance of beating him.”
Biden was less confident about making it through a second term. He said he considered “pass[ing] the baton” because he “wasn’t looking to be president when I was 85 years old, 86 years old.”
“Who the hell knows?” Biden said when questioned directly about whether he would have held his hypothetical presidency through 2028.
Elsewhere in the interview, Biden speculated about how his presidency would be remembered and advocated for what he viewed as the strengths of his administration.
“I hope that history says that I came in and I had a plan how to restore the economy and reestablish America’s leadership in the world,” Biden said. “That was my hope. I mean, you know, who knows? And I hope it records that I did it with honesty and integrity, that I said what was on my mind.”
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BREAKING: Mexican President Claudia Sheinbaum Claps Back After Trump Suggests Renaming Gulf of Mexico to “Gulf of America” with Bold Renaming Proposal of Her Own!
Mexican President Claudia Sheinbaum hits back hard after Donald Trump absurdly suggests renaming the Gulf of Mexico to the “Gulf of America” by suggesting some renaming of her own.
This is how you handle a man-child like Trump…
“I mean obviously, ‘Gulf of Mexico,’ the name is recognized by the United Nations, an organism of the United Nations. But next, why don’t we call it ‘Mexican America?’ It sounds nice, doesn’t it?” Sheinbaum said at a press conference.
She then waved at a map showing that North America was historically referred to as “Mexican America” before the rise of the United States.
“Since 1607 The Constitution of Apatzingán was for Mexican America, so we’re going to call it ‘Mexican America,’ it sounds nice, doesn’t it?” she went on. “And Gulf of Mexico, well, since 1607 and it’s also recognized internationally.”
Brian Winter, vice president of the Council of the Americas, praised Sheinbaum’s remarks—
“Humor can be a good tactic, it projects strength, which is what Trump responds to. It was probably the right choice on this issue,” he said.
“Although President Sheinbaum knows it won’t work on everything — Trump and his administration will demand serious engagement from Mexico on the big issues of immigration, drugs and trade,” Winter added.
Incidents like this reaffirm what a huge mistake the United States made be reelecting Trump. We are transitioning from stable, sane governance to the egomaniacal ravings of a reality TV star.
The world is laughing at us.
News
Trump’s trolling and tariffs sped up Trudeau’s demise. How will Canada handle him now?
Liberal Party infighting over Trudeau’s handling of the president-elect and his threat of tariffs dealt a final blow to the prime minister’s premiership. What now?
Canadians woke up Tuesday to an uncertain future, after Prime Minister Justin Trudeau said he would resign and bring his near-decade in power to an end.
Trudeau’s announcement came just days into an election year and followed weeks of mounting pressure from within his own party to step down as he battled dire poll ratings partly driven by soaring inflation, rising immigration and his handling of President-elect Donald Trump.
“If I’m having to fight internal battles, I cannot be the best option” in Canada’s next election, Trudeau, 53, told reporters in Ottawa.
His decision has triggered an urgent search within the Liberal Party to identify a new candidate who can take on Conservative leader Pierre Poilievre. Poilievre has dominated in the polls and was last on 44% according to the Canadian Broadcasting Corporation, compared with Trudeau — whose rating sits just above 20%.
The Trump factor
A key focus for whoever leads Canada next will be managing their country’s relationship with the incoming Trump administration.
After winning re-election in November, the president-elect vowed to impose a 25% tariff on all products imported from Canada and Mexico.
While Trudeau sought to appease Trump, visiting him at his Mar-a-Lago estate in Florida, the incoming president has since repeatedly jabbed at the prime minister, suggesting making Canada the 51st state and reiterating the idea in response to Trudeau’s resignation.
Trudeau’s handling of Trump precipitated the final blow to his tenure, with the high-profile departure last month of his Deputy Prime Minister and Finance Minister Chrystia Freeland. In a scathing resignation letter, she accused Trudeau of failing to take seriously Trump’s threats to increase import tariffs on Canadian goods.
Freeland warned that Canada needed to take Trump’s plans “extremely seriously” and avoid “costly political gimmicks.”
In contrast to Trudeau, Poilievre — the former-Conservative minister’s biography touts him as a “life-long conservative” and “champion of a free market” — has sought to present himself as the candidate with the “strength and smarts to stand up for this country.”
In an interview with Canadian broadcaster CTV News last month, Poilievre said that his first message for the incoming president was “that first and foremost, Canada will never be the 51st state of the U.S.” — and Canada, he said, had a “very proud future ahead of us.”
Tari Ajadi, a politics professor at McGill University in Montreal, was less sure. He told NBC News that Poilievre has yet to produce a clear plan on how to tackle the Canada-U.S. relationship under Trump, adding that “I think Canada’s in for a rough ride.”
What happens now?
Even though Trudeau is quitting, Canadians will have to wait for months before they can head to the polls.
An election date has yet to be announced, and while the Canada Elections Act says it must be held on or before Oct. 20, Trudeau’s resignation means it’s likely that a vote will be called before then.
Before that can happen, the Liberal Party must find a candidate. Trudeau said he would remain at the party’s helm until his party colleagues have undertaken a “robust, nationwide, competitive process” to find his successor.
In the meantime, Trudeau said Canada’s governor general had accepted his request to prorogue Parliament, suspending proceedings without the dissolution of parliament, until March 24. Then, a confidence vote is expected to be held, with a no-confidence result triggering the next federal election.
That means the Liberal government will remain in power, but parliamentary activity will come to a halt.
Referring to his party’s lack of working majority and Canada’s legislative gridlock, Trudeau said Monday that “Parliament has been paralyzed for months after what has been the longest session of a minority Parliament in Canadian history.”
Who will replace Trudeau?
Trudeau, a former teacher who campaigned with the slogan “sunny ways,” took office in November 2015 and enjoyed high popularity ratings early in his leadership with the promise of liberal reforms, progressive tax policies and a focus on gender equality.
His initial appeal was also boosted by the legacy of his father, the charismatic but polarizing Pierre Trudeau, who was one of Canada’s longest-serving leaders.
But in recent years, Trudeau’s approval ratings plummeted from around 65% in September 2016 to around 22% in December, according to the nonprofit Angus Reid Institute.
According to figures from the Angus Reid Institute, Freeland, a former journalist, is the Liberal candidate most likely to beat Poilievre.
Former Bank of Canada governor Mark Carney is also a contender, and the Conservatives have sensed that. They have long attacked Carney, with Poilievre dismissing him as “just like Justin.”
But regardless of who Trudeau’s successor is, “it’s hard to imagine anyone coming in who can hold on to the government in the next election,” Cornell University government professor Peter Loewen.
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