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Tech Billionaires Shift Their Allegiances

December 13, 2024 at 12:41 pm EST By Taegan Goddard Leave a Comment

America’s tech moguls are lining up behind President-elect Donald Trump, signaling a dramatic shift in their political allegiances.

The pivot is remarkable given the fraught history between Trump and many of these figures.

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Trump’s Protection Racket

December 13, 2024 at 12:16 pm EST By Taegan Goddard Leave a Comment

Jonathan Last: “This week we got word that two of the world’s most consequential billionaires have decided to pay tribute—literally—to Donald Trump. Jeff Bezos and Mark Zuckerberg are each gifting $1 million to Trump’s ‘inauguration committee.'”

“A president’s ‘inauguration committee’ or ‘inauguration fund’ is a slush fund, pure and simple. In theory, it is used to cover expenses relating to the inaugural celebrations. In practice, it’s dark money. The inaugural fund is required to disclose who gives money to it, but is not required to disclose what the money is spent on. And in cases where there is a surplus—where it raises more money than it spends on the inauguration festivities—it is not required to refund or dispose of the money in any particular way.”

“In other words: It’s pure tribute. The inauguration fund is a way for rich people to funnel money to the incoming president that he can then use however he sees fit, completely unfettered and under cover of darkness. The inauguration fund is no different than feudal lords approaching the new king with gifts of rubies, or mobsters showering a new mayor with envelopes of cash.”

“It has always been thus. Trump didn’t invent the corruption of the inauguration fund. But he is an innovator and his genius was to turn the inauguration scheme from ritualized tribute from supporters into a protection racket aimed at opponents, too.”

Joyous Syrians Overflow Mosques

December 13, 2024 at 12:11 pm EST By Taegan Goddard Leave a Comment

“Jubilant crowds gathered in cities across Syria for the first Friday Prayers since rebels toppled Bashar al-Assad, including at the historic Umayyad Mosque in Damascus, where civilians and fighters worshiped side by side and joyful chants erupted over the collapse of a long authoritarian dynasty,” the New York Times reports.

“The largely celebratory mood in Damascus, the capital, belied the monumental challenges facing Syria’s new leaders as they try to bring order to a country wracked by sectarian divisions, the bloody legacy of the Assad era and the competing interests of an array of armed groups that fought in a 13-year civil war that human rights groups estimate killed hundreds of thousands of people.”

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Pelosi Hospitalized During Foreign Trip

December 13, 2024 at 12:07 pm EST By Taegan Goddard Leave a Comment

Former House Speaker Nancy Pelosi (D-CA) was injured and admitted to a hospital in Luxembourg while on a congressional delegation trip to mark the 80th anniversary of the Battle of the Bulge, NBC News reports.

A Lot of White Guys

December 13, 2024 at 11:57 am EST By Taegan Goddard Leave a Comment

Punchbowl News: “The House Republican Steering Committee has finished selecting chairs for the 119th Congress. And this will come as a shock to no one, but we have some thoughts about what happened.”

“The steering committee selected a lot of white men to lead panels across the Capitol. Of the 16 elected committee chairs, 15 of them are white men. The only exception is Rep. Brian Mast (R-FL), whose maternal grandparents immigrated from Mexico.”

Bonus Quote of the Day

December 13, 2024 at 11:46 am EST By Taegan Goddard Leave a Comment

“We talk a lot about the coming dictatorship, but I think what’s really coming is what you would call an oligarchy.”

— Sen. Chris Murphy (D-CT), on MSNBC.

FAA Chief to Resign

December 13, 2024 at 11:44 am EST By Taegan Goddard Leave a Comment

FAA Administrator Mike Whitaker, who has earned bipartisan respect in roughly a year on the job, said he will resign on Donald Trump’s inauguration day, Politico reports.

David Kurtz: “If the presidential appointees whose terms are longer than the president’s – precisely in order to make them more independent and less susceptible to political interference – keep resigning at the end of the president’s term, then they’re basically turning these positions into the same as those held by any other administration appointee.”

Wray’s Resignation Cleared the Path for Kash Patel

December 13, 2024 at 11:36 am EST By Taegan Goddard Leave a Comment

Garrett Graff: “There was some speculation in the hours following Wray’s announcement to leave before January 20th that it was some advanced bureaucratic maneuver to forestall Kash Patel being installed as FBI director under a recess appointment or under what’s known as the Federal Vacancies Reform Act, which governs who and how someone can be appointed an ‘acting’ leader in the government.”

“And, indeed, in various ways Wray’s resignation would preclude Patel from being installed via an FRVA appointment if Trump’s plan had been to wait until day 91 of the administration to fire Wray — Patel (or anyone else named acting) needs to have been in government for 90 days in the year period *preceding* the vacancy, for instance, among other FVRA provisions — but there’s also an open legal debate about whether FVRA can even be used if a firing happens, because the president is then creating the vacancy he’s trying to fill, so legally and procedurally it feels sort of a wash in that sense…”

“But I think, practically, Wray’s decision not only doesn’t hinder Patel taking over the bureau, it accelerates it.”

Earlier for members: Washington Shrugs at Christopher Wray’s Departure

Americans Not Very Confident Trump’s Picks Are Qualified

December 13, 2024 at 11:12 am EST By Taegan Goddard Leave a Comment

A new AP-NORC poll finds only around 3 in 10 Americans are “extremely” or “very” confident that Donald Trump will pick qualified people to serve in his administration.

However, a majority of Republicans say they do have high confidence.

Romney’s Exit May Create a Senate Vacuum

December 13, 2024 at 10:43 am EST By Taegan Goddard Leave a Comment

“With Mitt Romney set to exit the U.S. Senate, Washington will be without one of its strongest conservative critics of Donald Trump when the president retakes the White House in the new year,” the AP reports.

“The retiring senator will reflect on his two-decade political career, which included the 2012 Republican presidential nomination, a term as Massachusetts governor and several skirmishes with Trump loyalists in Congress, at a final news conference Friday in Salt Lake City.”

Vance Invites Daniel Penny to Army-Navy game

December 13, 2024 at 10:41 am EST By Taegan Goddard Leave a Comment

“Vice-president elect JD Vance will bring Daniel Penny, a Marine veteran recently acquitted on homicide charges related to an incident on a New York City subway, to the Army-Navy game on Saturday,” Politico reports.

Said Vance: “Daniel’s a good guy, and New York’s mob district attorney tried to ruin his life for having a backbone.”

Quote of the Day

December 13, 2024 at 9:57 am EST By Taegan Goddard Leave a Comment

“I wish I didn’t pull that damn fire alarm, you know what I’m saying?”

— Rep. Jamaal Bowman (D-NY), quoted by NY1, reflecting on his Democratic primary loss.

Trump’s Middle East Adviser Pick Is No Billionaire

December 13, 2024 at 9:43 am EST By Taegan Goddard Leave a Comment

“President-elect Donald Trump’s incoming Middle East adviser, Massad Boulos, has enjoyed a reputation as a billionaire mogul at the helm of a business that bears his family name,” the New York Times reports.

“In fact, records show that Mr. Boulos has spent the past two decades selling trucks and heavy machinery in Nigeria for a company his father-in-law controls. He is chief executive of the company, SCOA Nigeria PLC, which made a profit of less than $66,000 last year, corporate filings show.”

“There is no indication in corporate documents that Mr. Boulos, a Lebanese-American whose son is married to Mr. Trump’s daughter Tiffany, is a man of significant wealth as a result of his businesses. The truck dealership is valued at about $865,000 at its current share price. Mr. Boulos’s stake, according to securities filings, is worth $1.53.”

Trump Is About to Betray His Rural Supporters

December 13, 2024 at 9:15 am EST By Taegan Goddard Leave a Comment

Ron Brownstein: “Donald Trump’s support in rural America appears to have virtually no ceiling. In last month’s election, Trump won country communities by even larger margins than he did in his 2020 and 2016 presidential runs. But several core second-term policies that Trump and the Republican Congress have championed could disproportionately harm those places.”

“Agricultural producers could face worse losses than any other economic sector from Trump’s plans to impose sweeping tariffs on imports and to undertake what he frequently has called ‘the largest domestic deportation operation’ of undocumented immigrants ‘in American history.’ Hospitals and other health providers in rural areas could face the greatest strain from proposals Trump has embraced to slash spending on Medicaid, which provides coverage to a greater share of adults in smaller communities than in large metropolitan areas. And small-town public schools would likely be destabilized even more than urban school districts if Trump succeeds in his pledge to expand ‘school choice’ by providing parents with vouchers to send their kids to private schools.”

A Few Thoughts on the Democrats’ Messaging Problem

December 13, 2024 at 9:02 am EST By Taegan Goddard Leave a Comment

If there’s one thing Democrats can agree on in the wake of their devastating defeat in last month’s elections, it’s that the party has a severe messaging problem.

But the problem isn’t necessarily the message itself, it’s that no one heard it:

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Trump’s Tax Cuts May Do Nothing to Boost Economy

December 13, 2024 at 7:59 am EST By Taegan Goddard Leave a Comment

“President-elect Donald Trump says renewing tax cuts would turbo-charge investment and boost US economic growth — a pledge that helped propel him to election victory in November,” Bloomberg reports.

“But new analysis from the Committee for a Responsible Federal Budget, a nonpartisan fiscal watchdog group, warns that extending tax cuts set to expire next year could do almost nothing to grow the economy. That’s a jarring data point for Republicans framing the case to renew the costly legislation as a way to boost an economy that many voters say isn’t serving them.”

Oz Invested in Companies Doing Business with Agency

December 13, 2024 at 7:57 am EST By Taegan Goddard Leave a Comment

“President-elect Donald Trump’s pick to be the top health insurance regulator in the country, Dr. Mehmet Oz, has invested in companies that do business with the agency he would run,” USA Today reports.

“Oz, Trump’s choice to run Medicare, Medicaid and the insurance marketplace under the Affordable Care Act, owned up to $33.7 million stock in these companies when he filed a financial disclosure during his unsuccessful 2022 campaign for Senate in Pennsylvania.”

Lara Trump’s Political Prize Beckons

December 13, 2024 at 7:54 am EST By Taegan Goddard Leave a Comment

Joshua Green: “As Donald Trump stacks his cabinet with loyalists, he appears to be angling to put another devoted ally on Capitol Hill: His daughter-in-law, Lara Trump.”

“With Marco Rubio poised to relinquish his US Senate seat to become secretary of state, jockeying is underway in Florida to replace him. The president-elect hasn’t publicly endorsed a candidate for the role, but he previously paved the way for her to co-chair the Republican National Committee and has praised her as ‘dedicated to all that MAGA stands for.’”

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About Political Wire

Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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