The 2020 presidential election was over eight months ago, and Joe Biden won decisively by more than seven million votes. And yet, Donald Trump has still not conceded. To the contrary, he has persistently peddled the “Big Lie” that the election was “rigged” and “stolen” from him, despite failing to provide a shred of evidence and losing more than 60 court cases challenging the outcome.
Trump’s stubborn inability to accept reality led the deadly insurrection in Washington, D.C., on January 6th. But even that didn’t stop him from raving maniacally about his imaginary victory. At the same time he has dangled the possibility of his running again in 2024. Many political analysts don’t take those, let’s say threats, very seriously. His implied candidacy is perceived to be just an opportunity to continue fleecing his flock of glassy-eyed disciples.
However, Axios is reporting news that gives a pretty strong indication that Trump has no intention of running again. He is said to be in advanced talks to sell his Trump International Hotel in Washington, D.C.
For the entirety of his one-term presidency, Trump exploited that property to enrich himself. He charged Secret Service agents for rooms. He hosted Republican conferences. And he unlawfully took payments from foreign governments. It began almost as soon as he set foot in Washington. In fact, his grifting was so egregious that Congress drafted legislation in an attempt to prohibit it. As News Corpse reported in 2017:
“Trump stubbornly refuses to divest himself from his far flung business empire. Already there is evidence of foreign interests deliberately booking his hotels and resorts in order to curry favor with him.”
The news that Trump is trying to unload the hotel also reveals the dire financial circumstances he must be in. The Axios article also noted that the hotel “had a $170 million loan outstanding, and had seen revenue drop more than 60 percent compared to the previous year.” That’s a dilemma faced by many Trump-branded properties. It got so bad that owners of buildings that had licensed Trump’s name were rushing to have his name removed in order to distance themselves from America’s Biggest Loser. What’s more, according to Bloomberg…
“Numerous businesses have been reassessing their association with Trump since the Jan. 6 riots at the U.S. Capitol that left five dead and erupted after the former president urged his supporters to converge on Washington. Over the past two weeks, Trump has been abandoned by lenders including Deutsche Bank AG and Signature Bank, as well as by the PGA of America, which canceled a golf tournament scheduled for next year at a New Jersey course he owns. He’s also been booted off social media, his preferred method of communication with millions of followers.”
All of this has been profoundly detrimental to Trump’s bottom line. Last year Forbes reported that his personal net worth declined by about a billion dollars. That would represent approximately 30% of his alleged fortune.
Consequently, Trump has had to resort to ripping off his own donors. Unsuspecting followers who visited his website were asked to donate using a form that had a pre-checked box that they would have to find and uncheck in order to opt out of recurring donations. And even if they saw it, they would have to read through a confusing, fine-print disclaimer to understand the terms. As a result, his campaign would eventually be forced to issue more than 530,000 refunds worth $64.3 million to online donors.
Clearly Trump is strapped financially, due primarily to his incompetence as a businessman, and the stain of his repugnant and criminal behavior. But thanks to his dimwitted cult followers, running for president has been far too profitable for him to abandon the con. He has to keep pretending to be a candidate to keep raking in the dough.
However, if Trump were serious, he surely wouldn’t be selling his D.C. hotel that was such a profit center for him for the previous four years. And even though he will likely sell it at a loss, it’s still the best evidence that he has no intention of returning the White House. If so, that would be the best news that America (and the world) has had in a long time.
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How Fox News Deceives and Controls Their Flock:
Fox Nation vs. Reality: The Fox News Cult of Ignorance.
Available now at Amazon.