Trump: Has His Collapse Begun with His Immunity Decision Or Now With His Huge Fines?

By Donald A. Collins | 17 February 2024
Church and State

(Credit: YouTube / screengrab)

Trump has opted this week not to appeal the immunity decision of the lower Federal Court. The decision on immunity was the urgent and primary request Jack Smith made to insure that Trump’s claim of immunity would not hinder the prosecution for Trump’s crime of attempting a coup on January 6, 2021 to retain the Presidency.

You can read the February 16th NBC story here.

Interesting to me was the immediate announcement also on February 16th by West Virginia Joe Manchin that he will not be running for President. He had earlier in November last year said he would run again for Senator, sparking speculation that he might run as an independent

Read about his decision here:

Does Machin see, as I do, the impending avalanche of legal troubles which could add to the $83.3 million awarded to E. Jean Carroll for defamation? AND make more possible a Democratic win in November?

Read that decision here.

The major news came on February 16th,

A New York judge on Friday handed Donald J. Trump a crushing defeat in his civil fraud case, finding the former president liable for conspiring to manipulate his net worth and ordering him to pay a penalty of $355 million that could wipe out his entire stockpile of cash.

The decision by Justice Arthur F. Engoron caps a chaotic, yearslong case in which New York’s attorney general put Mr. Trump’s fantastical claims of wealth on trial. With no jury, the power was in Justice Engoron’s hands alone, and he came down hard: The judge delivered a sweeping array of punishments that threatens the former president’s business empire as he simultaneously contends with four criminal prosecutions and seeks to regain the White House.

Not only did Justice Engoron impose a three-year ban preventing Mr. Trump from serving in top roles at any New York company, including his own, but the judge also applied that punishment to the former president’s adult sons for two years and ordered that they pay more than $4 million each. One of the sons, Eric Trump, is the Trump Organization’s de facto chief executive, and the ruling throws into doubt whether any member of the family can run the business in the near term.

The next legal hit of consequence could come in the NY fraud case against Trump’s corporation which might be several hundred million. The judge in that case already ruled fraud was involved; how much money will it cost and the effect of Trump’s company losing its licenses to do business in NY?

Much more news about this will be coming, but this adds significantly to my contention that his criminal behavior has finally come to bring him down. He may get nominated in July although seems in doubt too.

Does he have that kind of cash to pay even to obtain the surety bonds pending his appeals to higher courts?

The Times article notes that “The judge’s ruling in Donald J. Trump’s civil fraud case could cost him all his available cash. It also bars the former president from running a business in the state for three years.”

You can read this story in full here.

Not only do knowledgeable people believe he does not, but the fact that he spent over $55 million paying legal fees with funds that had been contributed for his Presidential campaign. Was that personal income on which taxes may be due?

A comprehensive 2/16/24 article just published in The Atlantic describes each of the multiple pending case and describes the probability of convictions.

Read this article here.

In an article published in August 1 of last year, his big donors seem poised to help him.

It began:

Very few of Donald Trump’s top super PAC donors from the 2020 campaign have given to his rivals’ super PACs this cycle, a new analysis of Federal Election Commission filings by CNBC and NBC News shows.

At least three of the former president’s 2020 super PAC donors have donated to other GOP presidential candidates’ super PACs, a low number that could suggest that these business leaders are sticking with Trump, sitting out the 2024 race or still deciding if they’re going to send their money to his rivals.

Caroline Wren, a pro-Trump fundraiser, told CNBC in a statement that having so few big-money defections mean these donors all see the polls showing the former president well ahead of his rivals and believe he’s going to win the Republican primary fight.

“The donors are coming to the same conclusion as Republican voters — the primary is over and Donald Trump is the presumptive GOP nominee,” she said.

“It’s time for donors to coalesce around Donald Trump and invest in the ground game and infrastructure needed to win in the general election,” Wren added.

Read here.

That was then, but the above information about his legal cases suggests a sea change may be in prospect.

Trump is reported everywhere as “owning” the GOP. His reputation based on his TV show “The Apprentice” and the book “The Art of the Deal” ghostwritten for him by Tony Schwartz to tell everyone Trump is a great businessman does not ring true on investigation. For example his Atlantic City casino investments left his investors in the lurch. His father’s vast conservative real estate holdings were always behind his son’s deals if needed.

Now a very key question, you are a big Trump donor and likely a very sharp businessperson. Would this candidate be a path to power? Will he be elected President on November 5, 2024? Will he be convicted on any of those 91 accounts and will his reputation for lying and double dealing be someone you want to be seen as cozy up to?

Biden may be unpopular primarily for his age, despite having had what most knowledgeable observes keep reiterating. The current economic news is positive for this year. Despite a torrent of negative electronic media posts about Biden’s alleged impeachable offenses by Trump’s allies, the latest news of Biden and his son Hunter getting $5 million in playoffs was proved be a lie.

Read the FBI roll in uncovering these lies here.

Now 77 and under huge potential pressure, how will Trump campaign, even if not forsaken by multiple big donors and an increasingly more aware public of his despotic plans for ruling if elected?

Former US Navy officer, banker and venture capitalist, Donald A. Collins, a free lance writer living in Washington, DC, has spent over 50 years working for women’s reproductive health as a board member and/or officer of numerous family planning organizations including Planned Parenthood Federation of America, Guttmacher Institute, Family Health International and Ipas. Yale under graduate, NYU MBA. He is the author of “From the Dissident Left: A Collection of Essays 2004-2013”, “Trump Becoming Macbeth: Will our democracy survive?”, “We Humans Overwhelm Our Earth: 11 or 2 Billion by 2100?”, “What Can Be Done Now to Save Habitable Life on Planet Earth?”, “Vote”, “Can Homo Sapiens Survive?”, “Will Choice and Democracy Win?”, “Can Our U.S. Survive 8 Plus Billion of Us”, “Economic Growth: A Cancer on all Earthly Life” and “On the Precipice of Political Disaster in 2024”.

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