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Trump Leverages His Power to Reap Profits

July 18, 2025 at 1:20 pm EDT By Taegan Goddard Leave a Comment

“If one theme has emerged in President Donald Trump’s second term, it’s this: He’s leveraged the power of his office for personal gain unlike anyone before in history,” the AP reports.

“From crypto coins to bibles, overseas development deals to an upcoming line of cellphones, Trump family businesses have raked in hundreds of millions of dollars since his election, an unprecedented flood of often shadowy money from billionaires, foreign governments and cryptocurrency tycoons with interests before the federal government.”

Chaos Theory

July 18, 2025 at 1:15 pm EDT By Taegan Goddard Leave a Comment

Dave Weigel: “Democrats love to describe the ‘chaos’ President Donald Trump is causing in Washington. Hakeem Jeffries, who likes to speak in alliterative triplets, calls this a time of ‘chaos, cruelty, and corruption.’ Midterm candidates say they were inspired to run to fight the ‘chaos.’ When I followed potential presidential candidates to South Carolina this month — Gavin Newsom and Andy Beshear were just there, Ro Khanna en route — heads nodded at any mention of chaos or exhausting DC news.”

“Imagine that you’re not watching that news…. The administration wanted a suite of tax cuts by July 4, and it got them. It wanted DOGE to hollow out ‘woke’ federal agencies; after some embarrassing court reversals, it got that. It wanted to defund public media and end foreign aid, and it pulled that off with something any prior Republican administration could have done: Impounding the money, then getting a GOP majority to claw it back.”

“The anti-Trump ‘resistance’ has done what it promised in December, and made all of this harder. But month by month the administration is dismantling government programs that would be hard for anyone to reconstruct, and setting new priorities that will be hard to reverse.”

“Specifically: Republicans have learned, three times this century, that if they cut income taxes, Democrats will keep most of the cuts in place.”

MAGA Rallies Behind Trump’s Attack on the Media

July 18, 2025 at 12:20 pm EDT By Taegan Goddard Leave a Comment

Steve Bannon joined a growing chorus of MAGA influencers coalescing behind President Trump in the wake of the Wall Street Journal report about a ribald birthday letter bearing Trump’s name that was sent to Jeffrey Epstein, telling CNN that he believed the story had united a base that had been showing signs of fraying.

Said Bannon: “We are finally on offense. President Trump has had enough and is fighting back – against his real enemies.”

Bannon was one of several of Trump’s high-profile supporters who had been skeptical of the administration’s handling of the Epstein case.


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A Note to Readers

July 18, 2025 at 12:00 pm EDT By Taegan Goddard

I know you’re inundated—with headlines, notifications, and endless demands on your time and wallet. 

We get proof each day that the billionaires and broligarchs aren’t going to rescue journalism. They’ve flooded the public square with noise, gutted the news business, and left serious coverage buried beneath outrage and clickbait.

That’s why independent sites like Political Wire matter more than ever.

If you’ve found value here — and if you’re one of those who always keeps this site open in a browser tab — become a member and get 20% off your first year.

Your support is what makes this site possible.

Trump Gets a Win in the Culture Wars

July 18, 2025 at 11:49 am EDT By Taegan Goddard Leave a Comment

The announcement that CBS will cancel The Late Show with Stephen Colbert in May 2026 raised eyebrows — not just because the network is giving more than a year’s notice, but because of the timing.

Late night television has clearly lost its cultural dominance. Most political jokes now circulate through social media clips, not from live broadcasts. And for younger audiences, these shows barely register at all.

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Trump to Open Retirement Market to Crypto Investments

July 18, 2025 at 11:39 am EDT By Taegan Goddard Leave a Comment

“Donald Trump is preparing to open the $9 trillion U.S. retirement market to cryptocurrency investments, gold, and private equity in a move that would spur a radical shift in the way Americans’ savings are managed,” the Financial Times reports.

“Trump is expected to sign an executive order as soon as this week that would open up 401k plans to alternative investments beyond traditional stocks and bonds.”

Kristi Noem Moves Into Public Housing

July 18, 2025 at 11:12 am EDT By Taegan Goddard Leave a Comment

Homeland Security Secretary Kristi Noem has moved from her private residence into a U.S. military installation, “after her cozy living arrangement with senior adviser Corey Lewandowski” was exposed by the Daily Mail.

Weekly News Quiz

July 18, 2025 at 10:59 am EDT By Taegan Goddard Leave a Comment

It’s been another wild week in politics — filled with plenty of conspiracy theories and congressional chaos.

Test how well you were paying attention.

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Trump Celebrates CBS Cancellation of Stephen Colbert

July 18, 2025 at 10:50 am EDT By Taegan Goddard Leave a Comment

Donald Trump celebrated CBS’s decision to cancel The Late Show with Stephen Colbert, and attacked the two remaining broadcast network late night hosts, Jimmy Kimmel and Jimmy Fallon, Deadline reports.

Said Trump: “I absolutely love that Colbert’ got fired. His talent was even less than his ratings. I hear Jimmy Kimmel is next. Has even less talent than Colbert! Greg Gutfeld is better than all of them combined, including the Moron on NBC who ruined the once great Tonight Show.”

‘Fancy Farm’ Won’t Be Televised This Year

July 18, 2025 at 10:44 am EDT By Taegan Goddard Leave a Comment

A Kentucky public television station will not cover this year’s Fancy Farm Picnic political event due to the elimination of federal funding for the Corporation for Public Broadcasting, WPSD reports.

Dozens More Were on Deportation Flights to El Salvador

July 18, 2025 at 10:34 am EDT By Taegan Goddard Leave a Comment

404 Media: “The flight manifests for three legally contested deportation flights from Texas to El Salvador contain dozens of additional, unaccounted for passengers than a previously published Department of Homeland Security list of people deported from the United States on those flights.”

The additional people on the flight manifest have not been publicly acknowledged by the U.S. government in any way, and immigration experts who have been closely monitoring Trump’s deportation campaign say they have no idea where these people are or what happened to them.”

Katie Miller Still Works for Elon Musk

July 18, 2025 at 10:11 am EDT By Taegan Goddard Leave a Comment

Former Trump White House communications staffer Katie Miller — who is married to Trump aide Stephen Miller — told Reuters she remains employed by Elon Musk, even if she won’t disclose her exact title or role.

Said Miller: “My paycheck still comes from him.”

Is Colbert’s Ouster Really Just a ‘Financial Decision’?

July 18, 2025 at 10:00 am EDT By Taegan Goddard Leave a Comment

David Graham: “For much of the 20th century, American broadcast television revolved around three networks: NBC, ABC, and CBS. William S. Paley, CBS’s longtime CEO, made sure that his company—the Columbia Broadcasting Service—was a leader among them. The network was home to Edward R. Murrow, who brought World War II in Europe home to Americans on CBS Radio; after the war, Murrow’s reporting played a pivotal role in bringing down Senator Joseph McCarthy. Walter Cronkite dominated American evenings from his perch at the Evening News. And from the days of Mike Wallace to the more recent era of Lesley Stahl and Scott Pelley, 60 Minutes set the standard for long-form television reporting.”

“Yet CBS’s current ownership seems determined to demolish this legacy. This evening, the network announced plans to end The Late Show With Stephen Colbert when the host’s contract ends next May. Late-night personalities come and go, but usually that happens when their ratings sag. Colbert, however, has consistently led competitors in his timeslot. CBS said this was “purely a financial decision,” made as traditional linear television fades.”

“Perhaps this is true, but the network that once made Cronkite the most trusted man in America no longer gets the benefit of the doubt. CBS’s owners have made a series of decisions capitulating to President Donald Trump, and the surprise choice to allow Colbert—a consistent, prominent Trump critic—to walk seems like part of that pattern.”

What Jeffrey Epstein Got for His 40th Birthday

July 18, 2025 at 9:47 am EDT By Taegan Goddard Leave a Comment

Tara Palmeri interviewed Ghislaine Maxwell’s longtime friend, Christopher Mason who told her about the gift Maxwell gave Jeffrey Epstein for his 40th birthday in 1993: a song.

“She asked Mason to write it for her, and she had very specific instructions: it should include ‘schoolgirl crushes and Epstein’s 24-hour erections.'”

“Yes, really.”

Obamacare Insurers Seek Double-Digit Premium Hikes

July 18, 2025 at 9:37 am EDT By Taegan Goddard Leave a Comment

“If you buy your own health insurance, you are probably going to pay more next year—a lot more,” the Wall Street Journal reports.

“Insurers are seeking hefty 2026 rate increases for Affordable Care Act marketplace plans, the coverage known as Obamacare. Blue Cross & Blue Shield of Illinois wants a 27% hike, while its sister Blue Cross plan in Texas is asking for 21%. The largest ACA plans in Washington state, Georgia and Rhode Island are all looking for premiums to surge more than 20%.”

“The companies say the big increases are needed because of higher healthcare costs and changing federal policy, including cuts to subsidies that help consumers pay for plans.”

Alina Habba Exits as U.S. Attorney

July 18, 2025 at 9:33 am EDT By Taegan Goddard Leave a Comment

U.S. Attorney Alina Habba told her staff that her tenure as a federal prosecutor will come to an end on Tuesday when she hits the 120-day limit for appointments made by the U.S. Attorney General, the New Jersey Globe reports.

Trump Says There’s No ‘Smoking Gun’ on Epstein

July 18, 2025 at 9:32 am EDT By Taegan Goddard Leave a Comment

President Trump said this morning that if there was a “smoking gun” on him and Jeffrey Epstein, the Democrats would’ve released it when they were in power.

Said Trump: “They had nothing!”

Fox News Stays Silent

July 18, 2025 at 9:14 am EDT By Taegan Goddard Leave a Comment

CNN: “Halfway through her 7 p.m. hour last night, Fox’s Laura Ingraham seemed poised to cover the bombshell reporting from a fellow Murdoch-owned outlet. ‘We have new news coming on about this as well from the Wall Street Journal. A new report tonight, next,’ she said.”

“But that ‘new report’ never came. Ingraham did not mention the Journal story at all during the rest of her hour; neither did the rest of the Fox primetime lineup.”

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About Political Wire

goddard-bw-snapshotTaegan 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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