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Norm Eisen was the White House ethics officer during the Obama administration. There were no financial scandals during the Obama administration; President Obama did not profit from his office during his presidency.

The financial conflicts of interest during the Trump administration are too numerous to mention.

Norm Eisen was especially disturbed by one of them and asked the Trump-controlled SEC to investigate.

This post is also an advertisement for The Contrarian, where this post appeared. It is a premier site for those trying to save democracy from Trump’s authoritarianism and grifting.

Eisen writes:

When I was the Obama White House ethics czar during the Great Recession, I would not even allow the president to refinance his modest family home in Chicago. He was regulating the banks in a time of crisis, and it wouldn’t have looked right.

That’s not exactly the approach that President Trump, his cronies, and their families have adopted. I’ve written before about the Top 10 most outrageous corruption scandals of this administration. This week, my Democracy Defenders Fund colleagues and I added another item to the list. Working with former New Jersey Attorney General Matt Platkin, we filed a complaint with the Securities and Exchange Commission urging it investigate ALT5 Sigma(ALTS).

This company boasts Trump’s son Eric as a board member and Trump Special Envoy Steve Witkoff’s son Zach as its board chair. Its history in recent months is one of serious failures of compliance, breakdowns of governance, and profoundly concerning financial connections with another Trump and Witkoff-linked venture, World Liberty Financial (WLF).

The story starts in August, when ALTS told the world that it had raised $1.5 billion through various investment vehicles. ALTS then moved the money to WLF by buying $750 million of its $WLFI governance tokens, about 7% of total supply. As detailed in our letter, “ALTS appears to have steered as much as $500 million of private investor money directly into the pockets of the Trump family and their associates.” When this money hit their wallets, Zach Witkoff (co-founder and CEO of WLF) and Eric Trump (also a WLF co-founder) assumed leadership roles on the board of ALTS.

These facts give rise to questions that are of the utmost importance to the integrity of our financial markets and of our democracy, as our letter explains. The most profound: who were the investors who funded the ALTS $WLFI purchase–and did they do so in order to get in the good graces of the Trump administration?

The concerns about this transaction are only deepened by what went on in the period in and around this massive financial transfer to WLF. In August, ALTS disclosed that several months earlier a Rwandan court had ruled that ALT5 Sigma Canada Inc., a subsidiary of the company, and its former principal were criminally liable for illicit enrichment and money laundering, ordering imprisonment, fines, and dissolution of the subsidiary. Shortly thereafter, the CEO of ALTS was suspended without explanation, auditors changed multiple times within just a few weeks, and the company failed to meet the due date for filing its annual report. It’s little wonder that ALTS was at risk of being delisted from Nasdaq and its share price has plummeted. Despite the immense capital influx from these transactions, the share piece has declined by around 75%. The company is looking at hundreds of millions of dollars in losses for the 2025 fiscal year.

Given these troubling data points, our letter urges the SEC’s Enforcement Division to “carefully examine these issues because they indicate, both individually and collectively, that ALTS may have engaged in a number of securities violations, thereby harming investors and financial marketplace writ large.” This is not just a story about corporate governance. It is a test of whether the rules that protect investors and the integrity of American markets still apply when political power and private profit intersect.

Our SEC letter calling for an investigation of ALTS is just one of many similar filings we’ve made. This one is outrageous enough that even Trump’s SEC may investigate. But whatever they do, we’re laying down a marker for the press, the public and other enforcement authorities. Whether for state attorneys general and securities regulators, a future more independent Congress, or future federal regulators, there will be a trail of breadcrumbs to follow. Meanwhile, we must all demand answers.

Our ability to continue pushing back against Trump and his cronies’ web of dubious dealings is, of course, supported by your paid subscriptions. We are deeply grateful that you Contrarians make this work possible as well as our weekly pro-democracy Contrarian coverage. See for yourself in this week’s roundup of our best content produced by my terrific colleagues:

War Crimes

What Comes From the Failure to Confront Insanity

Jen Rubin wrote on the cascade of civil and political failures behind Trump’s genocidal threats on Tuesday: “some muddled tale of a diplomatic breakthrough should in no way diminish the illegality, the horror, or the frightful intrusion of religious zealotry into our politics.”

The Strategic Gift to Tehran

Brian O’Neill wrote on how Trump and Israeli Prime Minister Benjamin Netanyahu may be helping to produce the strongest Islamic Republic since 1979. “It would be one of the great strategic self-inflicted wounds in Middle East policy.”

Toxic Religious Rhetoric & Why a Ceasefire in Iran Isn’t Enough

On the podcast this week, Jen spoke with Robert P. Jones about Defense Secretary Pete Hegseth’s crusader rhetoric and the dangers of Trump’s “refrigerator-magnet style” theology, and with Joyce Vance about Iran after the ceasefire, the Republicans finding a shred of conscience, and more.

Break Glass

Norman Ornstein thinks it’s time to call an emergency an emergency and invoke the 25th Amendment. “We have a malignant narcissistic psychopath as president, with control over the military and the atomic arsenal, who is deteriorating mentally before our very eyes.”

Cabinet Chaos

What Pam Bondi Destroyed in One Year Could Take Decades to Rebuild

Stacey Young wrote on just how much Pam Bondi’s reign as AG degraded the Justice Department: an exodus of talent, criminal cases shut down, an utter loss of good faith with the courts and more. “Now, the best way we can fight for the department is from the outside.”

Which Cabinet Member is Next on The Chopping Block?

Sen. Sheldon Whitehouse (D-RI) joined Jen to consider the next attorney general—and the next vacant cabinet seat—amid war with Iran. “I think Kash Patel stands a very good chance of being shown the door.”

The Home Front

Texas Stripped 15,000 Businesses of Opportunity. Now It Faces a Legal Challenge.

Stacey Abrams wrote on how Republicans have made disadvantaged communities a scapegoat for failed economic policies, including a Texas comptroller who quietly decertified more than 15,000 minority- and women-owned businesses in December.

Don’t Forget About Minnesota

Annastacia Belladonna-Carrera of Common Cause reminded us that, despite what the Trump regime claimed, ICE has never left Minnesota and is continuing operations across the state. “The media may not be all over it … but the need is still there.”

No Farms, No Food

John Boyd, founder of the Black Farmers Association, spoke to April Ryan to sound the alarm on Trump’s devastating attack on small and minority farmers. “There’s going to be a lot of generational land that changes hands.”

Affordability is the Issue, Especially for Childcare

Jennifer Weiss-Wolf wrote on how the Trump administration is putting the onus on states to fund social services — while making it impossible for them to provide those services.

Checking in With the Bots

5 Things You Should Know About AI Right Now

Amid the many hype and doom cycles about AI, Adam Conner of the Center for American Progress gave us a breakdown of what AI is actually doing right now — to the economy, to warfare, to your job.

How the Media is Helping AI Spread Lies

Josh Levs wrote on the problem with AI summaries having taken the place of traditional media as the first source of information for many, even when it comes to war — and how this is compounded by the media’s acquiescence to AI-first search.

History Has Its Eyes on You

Operation Enduring Glory

Tim Dickinson gave us a rundown of all the things Trump is naming after himself, which somehow includes both the Institute of Peace and the “most lethal warship ever built” at the tip of the iceberg.

The Infuriating Hypocrisy of Usha Vance

Meredith Blake checked in with the second lady, who thinks kids should read more but doesn’t have much to say about the Trump administration defunding libraries (or anything else).

Split Screen: Giorgia Meloni — Feminist or Fascist?

Azza Cohen took a nuanced look at Giorgia Meloni, Italy’s first female prime minister, as both gender-empowerment opportunist and persevering target of media sexism. “That a woman can be the head of a political party named ‘brothers’ is some kind of ironic victory.”

Fighting Back

The Contrarian Covers the Democracy Movement

This week, we saw anti-war protests nationwide in New York, Illinois, Washington, D.C., Missouri, Tennessee, and more. Get help organizing from Indivisible, find protests in your area at mobilize.us, and send us your protest photos at submit@contrariannews.org.

This Congresswoman Is Jamming the Gears of Trump’s Chaos Machine

Rep. Sylvia Garcia (D-TX) joined Jen Rubin with an update on the ongoing standoff over ICE funding and why there is still cause for hope. “The point really is people’s freedoms … so we’re not going to vote for one more penny until these reforms are done.”

Culture, Cartoons & Fun Stuff

This week, our cartoonists took on hollow wins (Rescue from Iran, Nick Anderson), obvious losses (Both Sides Win, Michael de Adder), better worlds (Tom the Dancing Bug, Ruben Bolling), and more.

The Auriemma/Staley Spat is Good for Women’s College Basketball

Carron J. Phillips wrote on how the 2026 Women’s Final Four will be deservedly remembered for one thing — and it wasn’t the championship game. “Sports are more enjoyable when what’s at stake is more than the final score.”

This column is based on our letter and associated materials

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In what appears to be a historic turnout, voters in Hungary ousted Viktor Orban!

This is great news for NATO and bad news for Trump and Putin, who lauded Orban as the future of Europe. MAGA loved Orban, who claimed to have created an “illiberal democracy.”

Orban was a European version of Trump, censoring or closing down anyone who disagreed with him. He harmed freedom of the press, universities, and the judiciary. He stridently opposed LGBT rights.

The victory of Peter Magyar, who seems to have won more than 2/3 of the seats in Parliament, means a new day for Hungary, NATO, and the European Union.

JD Vance traveled to Hungary last week to help right-wing leader Viktor Orban, whose Presidency is being decided today by the voters.

Orban is the hero of the MAGA cult, because he has cracked down on universities, free speech, the judiciary, and the LGBT community. Hard-right conservatives in the U.S. admire Orban because of his success in curbing people and institutions who disagree with him. He is the successful template for curbing freedom and democracy. Orban has a close relationship with Putin and has strongly opposed aid to Ukraine in repelling the Russian invasion.

Today, his party is being challenged by a new party formed by Peter Magyar, a former ally of Orban. The polls predict that Magyar’s party, Tisza, is likely to beat Orban’s party, Fidesz.

Opponents of Orban’s authoritarianism fear that he will rig the election, or like Trump, refuse to accept a loss.

JD Vance arrived last week and spent a few days boosting Orban’s campaign and endorsing his anti/democratic accomplishments. Vance did not mention the hundreds of thousands of Hungarians who have left the country or the country’s low economic growth.

Vance denounced interference in the Hungarian election by EU nations and Ukraine. This foreign interference, he said, was deplorable.

Did it occur to Vance that his vigorous campaigning for Orban was precisely the foreign interference of which he accused other nations? Imagine how Americans would feel if top officials from other nations showed up in the closing days of a major election to campaign for their favored candidate? Not good, I suspect.

It’s odd to see Trump and Putin coalescing behind the same candidate. And ominous. It will be a healthy sign if Hungarian voters toss out this authoritarian bully, this champion of censorship and repression.

A very important election takes place on Sunday. Hungarians will vote whether to keep Viktor Orban or to replace him with Peter Magyar, leader of the center-right party Tisza. The latest polls show Magyar leading Orban’s Fidesz party. The election is close, and there are many undecided voters.

Orban is a favorite of Trump and his MAGA base. He is also admired by Putin because he has been a disruptive force within NATO, blocking aid for Ukraine. Orban has fascist tendencies: he has clamped down of freedom of the press and expressed hostility to immigrants. He has a special hatred for gays.

JD Vance visited Hungary this week to convert support for Orban’s “illiberal democracy.”

In this post in The American Prospect, editor-at-large Harold Meyerson describes what is at stake in Sunday’s election in Hungary.

The friends of Viktor Orbán

Trump and Putin, Bibi and Tucker Carlson, thug-ocrats of all nations flock to Orbán’s banner.

If you wanted to find some way to cluster in a single room the individuals who pose a genuine threat to liberal freedoms, egalitarian values, and scientific epistemology, you might want to call a meeting of the Viktor Orbán fan club. There, Donald Trump would rub elbows with Vladimir Putin, JD Vance with Xi Jinping, Tucker Carlson with—yes—Bibi Netanyahu. Orbán, whose longtime rule over Hungary is threatened by Sunday’s election there, is uniquely positioned at the center of a set of overlapping Venn diagrams representing every xenophobic, obscurantist, homophobic, ethno-nationalist, and anti-democratic thug either currently in power or maneuvering to get there.

Right now, the two major players working to save Orbán from defeat on Sunday are Trump and Putin. Ukraine, Schmukraine: Both see in Orbán a fellow immigrant-hater, who, like them, has walled off his borders, seized control of his nation’s judiciary, created (through the miracle of kleptocracy) a new oligarchic elite devoted to bolstering his rule, taken control of the news media (both public and private), turned education into indoctrination, banished an entire university endowed by George Soros (whose legacy includes bringing down Putin’s beloved USSR and backing anti-Trump candidates and initiatives), served as Putin and Trump’s inside operator to undermine the European Union, mobilized homophobia when it’s been politically useful, and done his damnedest to curtail freedom of speech. Is it any wonder that Putin’s agents have tried to rig the upcoming election in his favor, or that MAGA culture warriors have rushed to bolster his cause because he’s demonstrated that even partial authoritarianism can impede the woke and exile the empiricists? Is it any wonder that Vance was stumping for him in Budapest last weekend as a way to solidify his own support from the American MAGAnauts whose affection he needs to rekindle? Is it any wonder that Trump himself has endorsed Orbán, or that Putin sees him as his man inside the EU?

Idolizing Orbán is also the common thread linking Tucker Carlson, who probably has done more to promote Orbán to MAGA conservatives than anyone else, and Bibi Netanyahu, who sent a message last month to the MAGA faithful attending their annual CPAC conference in Budapest, hailing Orbán as a leader who can “protect against this rising tide” of Islamic terrorism. “Viktor Orbán,” he added, “means safety, security, stability.” If that didn’t suffice, Yair Netanyahu, Bibi’s son, traveledto that Budapest conference to echo his father’s endorsement.

Orbán has emerged as a kind of Jeffrey Epstein of geopolitics. Just as Epstein managed to assemble a mind-boggling assortment of elites in the cause of sex with underaged girls, so Orbán has also brought together an equivalently mind-boggling assortment of elites in the cause of ethno-nationalistic anti-liberalism—a cause, clearly, that can unite communists and capitalists, Jews and antisemites.


The Trump-Orbán lovefest is nothing new. Orbán has endorsed Trump in all three of his presidential campaigns, and last October, Trump rewarded him by exempting Hungary from the sanctions his administration has placed on nations buying Russian oil and gas. Trump later made clear that this agreement was specifically between him and Orbán; were Orbán not re-elected (the most recent polls show him trailing his opponent by roughly ten percentage points), Trump made clear there was no guarantee that he would continue to honor it.

But Orbán’s ties to America’s Christian nationalists go beyond Trump’s “what’s in it for me?” ethos. When a number of Hungary’s European neighbors were welcoming Muslim refugees a decade ago, Orbán built barricades on the borders and made clear that Muslims were not welcome. While endorsing Orbán during his drop-in to Budapest, Vance said he’d come there “because of the moral cooperation between our two countries,” that each was engaged in a “defense of Western civilization” based on their common adherence to “Christian civilization and Christian values.”

As even the most cursory course in Hungarian history can make clear, one of the nation’s defining Christian values has long been antisemitism. Imagine the kind of 20th-century Silicon Valley that Hungary could have cultivated had it not compelled such Jewish scientific and mathematical geniuses as John von Neumann, Leo Szilard, Eugene Wigner, Edward Teller, and Theodore von Kármán to leave their homeland in their late teens or early twenties. Imagine how many more Hungarian Jews would have survived the Holocaust had Hungarian Christians not been steeped in antisemitism well before the Gestapo arrived.

“Will you stand for freedom, truth, and the God of our fathers?” Vance concluded. “Then, my friends, go to the polls and stand for Viktor Orbán.”

But, hey: If Bibi is willing to overlook such incidents, who am I to cavil?

Of course, there have always been lots of Hungarians who never cottoned to Orbán, the God of their fathers notwithstanding. Like most big, cosmopolitan cities, Budapest has been a bastion of anti-Orbán sentiment, favorably disposed to the arts and sciences; his support, like that of most Christian nationalist leaders, is disproportionately rural and parochial. But the redistribution of Hungarian wealth and income to the oligarch class that Orbán has created has apparently taken a political toll even among some longtime Orbánistas—much as its American equivalent seems to be taking a political toll on Republicans here in the States.

JD Vance was right: Illiberal kleptocratic Christian nationalism is on the ballot in Hungary this Sunday, just as it will be on the ballots that Americans will cast in November. Here and there, may it be massively repudiated.


Harold Meyerson
Editor-at-Large

Judge J. Michael Luttig has always been considered a conservative Republican. He worked in the Reagan administration and clerked for Justice Antonin Scalia and Chief Justice Warren Burger. In 1991, he was appointed to the Fourth District Court of Appeals by President George H.W. Bush. Luttig resigned his judgeship in 2006 to work as general counsel for Boeing.

Although a stalwart conservative, Luttig was appalled by Trump’s attempt to overturn the election he lost in 2020. He testified to the House January 6 committee that Trump and his allies were “a clear and present danger to American democracy.” In 2023, he co-wrote an article with liberal legal scholar Laurence Tribe arguing that Trump should be barred from running for the Presidency because of his role in the 2021 insurrection (Section 3 of the 14th Amendment).

When Trump was leading the field in 2024, Luttig predicted that Trump’s election would be “catastrophic” for the United States, and he subsequently endorsed Kamala Harris.

Luttig has continued to put the Constitution and the rule of law over partisan politics.

Judge Luttig wrote this article on his Substack blog. I reposted about half of it. To read it in full, open the link or subscribe.

Judge Luttig wrote:

On January 11, 2026, with America and the world anxiously watching — and hoping — Federal Reserve Board Chairman Jerome “Jay” Powell fearlessly stood up to the President of the United States, and his truth put the lie to Donald Trump.

For their honorable and courageous stands against the President of the United States, Chairman Powell and Judge Boasberg may have earned Donald Trump’s eternal enmity, but they have earned the nation’s and the world’s eternal gratitude.

On that day, Chairman Powell became the first elected or appointed public official to stand in the breach in America’s time of testing and confront the President of the United States, man to man. The first public figure in over five years who Donald Trump has been unable to insult, harass, threaten, or persecute into silence, bludgeon into submission, or politically destroy, the Chairman of the Federal Reserve Board became the first man to stand up to the wannabe king of the United States.

History will record that Chairman Powell’s courageous televised statement in defiance of the President of the United States marked the beginning of the end of Donald Trump’s presidency, and history will richly reward Jerome Powell with its favor.

It could just well be that this honorable humble public servant single-handedly saved America’s Democracy, Constitution, and Rule of Law, if only the others of America’s institutions of government, democracy, and law will finally summon the same courage and follow Jay Powell’s noble and courageous lead before it’s too late.

Jay Powell was always the one man in the world who could stand up to Donald Trump, and Trump knew it, which is why, despite his false bravado, he feared the Reserve Board Chairman. Trump forced the latest confrontation with Jay Powell in one last desperate attempt to force Powell from office so that he could finally seize control over the independent Federal Reserve Bank in the eleventh hour and manipulate the interest rates to disguise the crippling economic impact of his sweeping, unconstitutional global tariffs and his unconstitutional war in Iran.
It turned out to be the worst miscalculation of his life.

Donald Trump considered his years-long effort to fire Powell or force his resignation and to gain control over the independent Federal Reserve Bank to be the decisive showdown of his presidency. His face-off with the Federal Reserve was always to be Donald Trump’s Armageddon in which he victoriously vanquished his archnemesis Jay Powell and took the victor’s spoil of control over the Federal Reserve Bank.

When, not if, he succeeded, his conquest was to be the crowning achievement of his presidency — the conquest that assured the success of his entire presidency, because he would control the monetary policy of the United States and, along with it, interest rates, and thereby the economies of the world, to do with them whatever he pleased.

But Donald Trump’s gloriously imagined victory over Jay Powell and the Federal Reserve Bank was never to be and, like the Greek tragedy that it was, everyone in the world knew it, except Donald Trump.

When the day of the world heavy-weight championship finally arrived, the favored heavy-weight Reserve Board Chairman knocked out the reigning light-weight President of the United States in the opening round. The President was TKO’d in the championship fight of his life by the man he had insulted, tormented, and belittled for years.

Donald Trump had finally crossed the wrong man. It was the demure, universally respected Jay Powell who finally called Trump’s bluff, revealing that the humiliated emperor embarrassingly has no clothes.

Both America and the world had longed for a David to slay America’s Goliath and save the nation and the world from the giant’s tyrannical rampage. On January 11, As he spoke clearly, plainly, and truthfully about his ludicrously corrupt pretextual prosecution by the bully president, the entire world cheered on their new David-hero.

America and the world at last had their longed-for hero in the pitched battle for the heart and soul of America, The Honorable Jerome Powell, the courageous Chairman of the Federal Reserve Board.

History is written by the victor, Winston Churchill is (mis)reported to have said. On January 11, 2026, Jay Powell wrote the victor’s history of the 47th President of the United States before the would-be victor even got the chance.

It poetically fell to The Honorable James Boasberg to mop up after Donald Trump’s humiliating defeat at the hands of the Fed Chairman. Judge Boasberg’s swift and withering judicial confirmation of the president’s utter contempt for the Constitution and Rule of Law officially ratified the beginning of the end of Donald Trump’s presidency that Jay Powell had wrought. For his distinguished service to the country and to the Constitution, The Honorable James Boasberg is America’s other Profile in Courage and Hero in the battle for America and its future.

The distinguished historian Timothy Snyder is deeply steeped in European history and in the ways of authoritarians, tyrants, dictators, and others who lust for power. He warns us that the possibility of a coup attempt is real, and we must be prepared. How does he know it’s real? Trump tried to stage a coup on January 6, 2021. He failed then, he suffered no consequences for his effort to overturn the election.

Now Trump knows that he’s facing a Democratic wave against his authoritarianism in November. He is unlikely to accept the voters’ decision. What can we do?

Snyder writes:

We are seven months away from the most consequential midterm election in the history of the United States. Meanwhile, we are fighting a war. These are the structural conditions for a coup attempt in which a president tries to nullify elections and take permanent power as a dictator. If we see this, we can stop it, overcome the movement that brought us to this point, and make a turn towards something better.

President Donald Trump and Secretary of State Pete Hegseth are stuck in the logic of escalation, according to which the feeling of defeat today can be reversed by doing the first thing that comes to mind tomorrow. Trump is surrounded by people who are making money from the war; each day of war strengthens a warmongering lobby with personal access to the president. As the war lengthens, the chance that it will be exploited for a coup attempt increases.

Trump tells us that he is chiefly concerned with the permanence of his own comfort and power (think about ballroom and bunker), much of which he will lose when his party is defeated decisively in the midterms. He regularly declares his intention to meddle in the elections. His party backed a bill which would have turned elections into a sham. Trump wants to increase the defense budget by nearly 50% without any review of what the money is for; this is strategic nonsense, and has to be understood as a payoff for the men who, as he imagines, will help him install a dictatorship. Hegseth is meanwhile purging the highest officer ranks of people of principle.

It is up to us to put two and two together: Trump will seek to exploit the war (or the next one) to alter the elections. We bear responsibility for what comes next.

The eventuality can seem frightening, but Trump’s position is weak. The gambit of turning a foreign war into a domestic dictatorship is complicated and difficult. Its success depends on us. If the possibility of such a coup is not anticipated and the variants of the gambit are not called out as they emerge, he can succeed. He has attempted a coup (or, technically, a self-coup) once, in January 2021 — there is no reason to think that he will not try to do so again.

As always, history can help us to imagine the immediate future. History does not repeat, but it does instruct. We know that war offers at least five kinds of opportunities for aspiring dictators. Let us consider the moves that Trump could make, and how they could be stopped. I offer them as five clear types; in practice, of course, they will be mixed and matched from day to day. But if we have the concepts in advance, we can recognize the threat, and turn any sort of coup attempt against Trump.

We are not spectators of this unfolding drama. We are actors inside every scenario. And “we” means journalists who report, judges who follow the law, servicemen and servicewomen who follow the Constitution, and above all citizens who organize, protest and vote. If we know the coup scripts in advance, we know when to take the stage — and where to take the rage.

So here are the scenarios:

1. The Steady Hand. A war is going on, is the claim here, and so we should not change leadership, regardless of what happens in an election. This stance nicely dodges the questions of whether the war was worth starting in the first place, and whether the people in charge are the best qualified to make war (or peace). The steady hand argument has been used countless times; it was the approach that George W. Bush took against John Kerry in the presidential campaign of 2004. But whereas Bush was using such arguments to win an election, Trump will have to use them to overturn the results of an election that his party loses, most likely by huge margins. Given that Trump’s polling on the war is terrible, he is in a weaker position than Bush was, and would have to do much more. It is unclear why a steady hand would rig elections; and, for that matter, Trump’s conduct during this war has made his hand seem (even) less steady. To rig an election, he needs a tight elite consensus around him; he needs allies who are willing to break the law and the Constitution, risking not only prison time but also historical infamy as people who wanted to end the republic. The war is breaking up that consensus and leading to the firing of some of the likely election riggers. The case for a steady hand that should not be hindered by electoral results should be easy to defeat; but we have to see the logic and work to break the ranks of Trump allies who would follow orders to rig elections. They have to know that they will fail and that when they will bear the consequences for the rest of their lives. The one truly steady hand is that of justice.

2. Bonapartism. In this tactic the aspiring dictator says: I know that you would like democracy at home, and so let us prove our ardor together by fighting a war for democracy abroad. This is meant to allow the tyrant to claim the mantle of democracy even while he undoes it at home. This approach was behind the original Napoleonic wars; it was perfected by Napoleon III in the 1850s as “diplomatic nationality.” Trump, however, is not pretending to care about democracy. He prefers dictators; and among dictators, he prefers Putin more then the rest. Trump’s allies though will make the case that war spreads “the American way” or something of the sort. But such arguments can be easily defeated. Whether by insider trading, political bets, arms dealing or (in Putin’s case) higher oil prices and conveniently dropped sanctions, the people around Trump are making money on this war — they are literally warmongers. What is good in America is bled away in this war; as oligarchs foreign and domestic make billions of dollars, as we are asked to sacrifice everything in exchange for nothing. Trump himself ran for office on an anti-Bonapartist platform: no wars abroad for democracy, spend money instead at home. Instead he is proposing to defund basic domestic services in order to the bribe the armed services with a ridiculous funding increase during a senseless war.

3. Bismarckian Unification. Here the ruler no longer pretends to care about democracy (so far so good for Trump), but speaks about bringing the nation together. This was the great success of Otto von Bismarck in central Europe between 1864 and 1871. Germany before Bismarck was a culture but not a unified state; in the age of nationalism the question was who would succeed in bringing numerous German entities together. By winning three wars (against Denmark, the Habsburgs, and France), the Prussian leader was able to create the conditions for the establishment of a new, united German Reich. Because unification was achieved by force of arms rather than by revolution or elections (as many Germans had hoped in 1848), the new state was a militaristic monarchy from the beginning, with an essentially symbolic parliament. Trump would no doubt like this model; but he has the problem of being unable to win one war, let alone three; also, the war that he is fighting do not address an essential national problem. Instead it seems to be about tearing the American republic apart. Trump’s budget proposal, offered during the war, amounts to this: the wealth of working Americans will be transferred to oligarchs and defense contractors, and the government will no longer provide basic services. It uses war to advance the impoverishment and peonization of everyone but a tiny elite.

4. Fascist Sacrifice. The fascist leader kills enough of his own people in a major campaign so that the survivors begin to accept the worldview: that all is struggle, that enemies are everywhere, that the world is a conspiracy against us, etc. Death on a mass scale becomes a source of meaning, uniting the Führer with his Volk. There is an element of this in Putin’s war in Ukraine, but the classic example is the Nazi invasion of the Soviet Union. The very difficulty of the war after 1941 helped fascist arguments in Germany — Victor Klemperer’s diaries are helpful here — for more than three years. Trump, however, lacks some of the attributes of historical fascism: the historical fascists actually did believe in struggle, which he does not. Trump believes in saying words and then having things handed to him on a silver platter. Fascists always believed in war; Trump converted to war late in life, having become convinced that it was a way to easy “wins” abroad that could be translated into dictatorship at home. Having boasted of winning in Iran dozens of times already, he is in a poor position to call for the large-scale land invasion that would be necessary to trigger huge American casualties and the bloody fascist dialectic of events and sentiments. Even if he did order a land invasion, it would probably not work, either militarily or politically. He has not done any of the ideological spadework; no one, listening to Trump, would think that he believed in a struggle for survival. By 1941, Hitler had already won quick wars in Poland and France, which created a sense among previously doubtful military commanders and civilians that he knew what he was doing, which then opened the way for a second, more ideological, stage of the war. Military commanders are presumably dubious of Trump; in any event, they are being fired by Hegseth at an extraordinary rate during a war. It is in this light, again, that one must understand Trump’s strategically senseless notion that we should increase the military budget right now by nearly 50%: it is meant as a payoff for officers, soldiers, and sailors — people he has openly disrespected his entire life, people whose funerals he treats as an opportunity to sell his own branded merchandise — to assist him in a coup against Americans. That bribe should fail, for many reasons; but it will not fail unless we notice what is happening.

5. Exploitation of Terror. This gambit (or one variant of it) depends on something happening during a war. A foreign enemy carries out an act of terrorist violence against Americans, providing an aspiring dictator with a pretext for a state of emergency and a suspension of elections. Nothing exactly like this has happened in the United States, although we can recall our self-destructive reactions to 9/11. This is Trump’s best hope among all of these scenarios, which is one reason why it might not happen: Iranian leaders must be aware that Trump would seek to exploit such an event. Iranian propaganda certainly involves threats against individual American leaders, but it seems unlikely that they would carry them out. Teheran has more to gain by mocking Pete Hegseth (as in a recent video) than by seeking to assassinate him. (Indeed, given Hegseth’s particular combination of strategic incompetence and Christian nationalism, he must seem like a God-given enemy for the regime in Teheran.)Subscribe

Another possibility is that Iranians do nothing inside US borders, but Trump and his people pretend that they have, or even organize a fake terrorist strike themselves. It is important to understand that such things do happen, and have been done by the people Trump admires the most. Consider the 1999 false flag terrorist attacks in Russia, the bombing of apartment buildings by the Russian secret services, which began a chain of events that allowed Putin to begin his march towards dictatorship. Self-terror is a Putinist strategy, and it worked. This means that it can be presumed to have been considered by Trump, Putin’s client in the White House. Putin is one of the people to whom Trump listens.

But Trump unlike Putin does not come from the secret services, and it is hard to imagine him not botching such an operation (even the Russians had some slips); it is also hard to imagine that Americans ordered to do such a thing would not leak such a plan before it could be realized (it did leak in Russia and was reported before it happened — but it still worked). Even if the false flag attack itself took place, Trump would have to go from self-terror to a state of emergency and some sort of self-invasion to halt the elections. But a self-invasion by whom? ICE is unpopular and untrained. The war has not been run in a way that brings military commanders to trust the president. Again, one has to see Trump’s proposal to increase the defense budget by nearly 50% as a kind of desperate bribe. There are sound strategic reasons why it is a terrible idea, but there is also a political one.

Elements of these scenarios can be mixed together. Some variant of terrorism is Trump’s best bet. And so one should be (preemptively, now) skeptical of Trump’s account of any future terrorist attack; we can be sure that, whatever its true origins and character, Trump will provide a self-serving account meant to serve a coup and a dictatorship. It is utterly predictable that he will attempt to pass responsibility for any act of terror to his domestic political opponents and discredit or undo elections. We have to think through this chain of events now to make sure that we are ready to block it — and to turn any such attempt against him.

The terrorism scenario should not work. We should consider it in advance, and hold Trump responsible for any horror inside the United States brought about by his mad war. None of the other scenarios should work either, in any combination. Indeed, all of them should only hurt him, if we are attentive and active. But there is no neutral position. We cannot do nothing and expect the republic to make it through. Indeed, Trump’s one chance to succeed, in any of these scenarios, is our own silent collaboration. He can only carry out a coup if we decide to obey in advance: to pretend that wartime pretexts for coups are never used, although history instructs us that they are; and then to offer our surprise to Trump as the unique political resource that can transform his weak position into a strong one.

Trump is weak, but weakness only matters if it is treated as vulnerability and pushed towards defeat. He will try to make his weak position strong, which will expose further vulnerabilities that have to be seen and exploited. All of his policies make him vulnerable; the war in particular makes him vulnerable; and any gambit to exploit that war should make him and his party easy to defeat and discredit his authoritarian movement forever.

A coup attempt is not at all unthinkable; Trump has done it before, and he makes it very clear that he is thinking about it now. When we think about it now, about how it might take shape, we make it less likely; indeed, we deter it. Knowledge of history can change the future. If we remember what history shows us is possible, we can prevent a coup from succeeding — and turn any such attempt against its instigator.

Two brilliant women–Jennifer Rubin of The Contrarian and Joyce Vance, former federal prosecutor–talk about the current state of American politics. It’s way better than what you see on TV talk shows. Watch. You will be glad you did.

https://joycevance.substack.com/p/coffee-with-contrarians-and-joyce-daf

Appalled by Trump’s erratic behavior and his threats to commit war crimes in Iran–as he said in a news conference, to destroy every bridge and every power plant in Iran–many political commentators are calling for the implementation of the 25th Amendment to remove him from office.

Last night, Laurence O’Donnell devoted most of his news program on MS NOW to the claim that Trump is insane, and it is time to activate the 25th Amendment.

Trump’s vulgar message to Iranian leaders, posted on Easter Sunday morning, set off a new round of demands to get this unhinged man out of the Oval Office, far away from the power to start a nuclear war on a whim.

After reading Trump’s message, even former Congresswoman Marjorie Taylor Greene, once close to Trump, wrote in a tweet:

Everyone in his administration that claims to be a Christian needs to fall on their knees and beg forgiveness from God and stop worshipping the President and intervene in Trump’s madness.
I know all of you and him and he has gone insane, and all of you are complicit.

Certainly Democrats and most independents would like to see this menace to world peace, the global economy, democratic institutions, and national security removed from office. No doubt JD Vance, despite his sycophancy, quietly would love to be catapulted into the presidency.

BUT…..it’s not going to happen.

To remove a President from office, the Vice President and a majority of his Cabinet must agree that the President is incapable of fulfilling the duties of his office.

Trump’s Cabinet would never agree to remove him from office unless he did something unthinkable. They were chosen not for their competence, but for their personal loyalty to him. Can you imagine Pete Hegseth or wrestling queen Linda McMahon voting to remove Trump? The unthinkable that might change even their minds might be…Trump running around the White House grounds stark naked; Trump ordering the military to drop a nuclear bomb on some country, friend or foe, because they disrespected him; Trump ordering ICE or the FBI to murder his political enemies; Trump engaging contractors to demolish the entire White House so he can erect a high-rise replacement, with his name at the bottom and the top in flashing lights ….The possibilities are limited.

But let’s imagine that Trump does something beyond my poor imagination, something so awful that a majority of his lackeys and sycophants vote to remove him.

That’s not enough. Their recommendation goes to the Congress, where two-thirds of both Houses must approve his removal.

How likely is that?

I say zilch, unless a black swan happens to build a nest on his bleached blonde tresses. A black swan, you may recall, is a metaphor for a totally unprecedented event, one that almost no one anticipates.

The 25th Amendment is not going to remove Trump, because those around him and Republicans in Congress are afraid of him or idolize him. There is only one way to curb Trump’s rage, incompetence, and boundless narcissism: Turn out the vote in November 2026. Sweep every Trump enabler out of office. Restore checks and balances. Elect a Congress that will investigate corruption, grifting, and profiteering. Elect a Congress that will stop his demolition of federal agencies and departments. Elect a Congress prepared to fight his attacks on enforcement of civil rights laws. Elect a Congress that will encourage and protect the votes of every citizen, not seek to suppress them.

The 25th Amendment will not save us. But a Congress devoted to the Constitution and to democracy can limit the damage that Trump has imposed on our government and on our relations with the rest of the world.

A historical note:

The National Constitution Center summarized the 25th Amendment, passed by Congress after the assassination of President John F. Kennedy.

AMENDMENT XXV. Passed by Congress July 6, 1965. Ratified February 10, 1967. Note: Article II, section 1, of the Constitution was affected by the 25th amendment.

The relevant content–removing a President who is unfit but unwilling to resign–is Section Four.

Section 4 addresses the dramatic case of a President who may be unable to fulfill his constitutional role but who cannot or will not step aside. It provides both a decision-maker and a procedure. The initial deciding group is the Vice President and a majority of either the Cabinet or some other body that Congress may designate (though Congress has never done so). If this group declares a President “unable to discharge the powers and duties of his office,” the Vice President immediately becomes Acting President. If and when the President pronounces himself able, the deciding group has four days to disagree. If it does not, the President retakes his powers. But if it does, the Vice President keeps control while Congress quickly meets and makes a decision. The voting rule in these contested cases favors the President; the Vice President continues acting as President only if two-thirds majorities of both chambers agree that the President is unable to serve.

Paul Waldman was one of my favorite reporters at The Washington Post. He left and started his blog, “The Cross Section.” In this post, he says that most of Trump’s economic setbacks are the result of his own disastrous policies, not forces beyond his control.

I do think Walkman is unfair to Hoover. Unlike Trump, Hoover had a distinguished career and tried to make the right decisions for the right reason.

Waldman writes:

As spring arrives and the cherry blossoms bloom around Washington, Donald Trump’s approval ratings are officially in the toilet:

There are many reasons why he keeps falling lower and lower, but the single most important is likely that Trump has utterly failed on what the foolish and gullible believed was his great strength: the economy. While he does a lot of distasteful but symbolic things like demolishing the East Wing and plastering his name on everything in sight, all of Trump’s most consequential screwups and authoritarian abuses have an economic component. And they all make things worse.

In fact, you’d have to go back to Herbert Hoover to find a president whose decisions were so directly and willfully disastrous for the economy. That’s not because this is the worst economy since the Great Depression; it isn’t, not yet anyway. But in all the downturns and crises we’ve had over the last century, the causes were largely outside of the president’s control.

Those presidents might have made some different decisions or found a way to improve things more quickly, but one wouldn’t say that George W. Bush created the economic crisis of 2008, or that the inflation that crossed the presidencies of Richard Nixon, Gerald Ford, and Jimmy Carter happened only because of the decisions they made. Most of the judgments we make of them in retrospect were about how they responded once the crisis arrived. They may have been blamed when things turned bad, but one could argue in every case that it wasn’t really their fault. The latest example is from 2022, when inflation spiked all over the world and here at home Joe Biden got the blame.

But what’s happening now is different. Consider the major policy initiatives of Trump’s second term:

  • Tariffs: Trump believes fervently in the power of tariffs to produce boundless prosperity, and so he has imposed an ever-shifting program of tariffs on foreign materials and products. The nearly universal conclusion of economists is that this policy has been a failure; not only hasn’t it created the manufacturing boom Trump promised, it has increased prices for American consumers and led our trading partners to begin constructing a new global trade system to circumvent the U.S.
  • Immigration: Trump’s sweeping crackdown on immigration — both deporting immigrants already here and making it all but impossible for new immigrants to come — has been an economic disaster. As a Brookings Institution report notes, “Reduced migration will dampen growth in the labor force, consumer spending, and gross domestic product” in years to come. Multiple economic sectors from construction to agriculture are facing labor shortages, and job growth has slowed to a crawl. And because the crackdown is motivated by naked animus toward all immigrants but especially non-white ones, it extends to a large and growing number of policy areas. For instance, the Small Business Administration just announced that it will cut off loans to green card holders, despite the fact that immigrants start more businesses and create more jobs than native-born Americans. One could hardly imagine a dumber economic own-goal, done for no reason other than the fact that the Trump administration hates immigrants.
  • Energy: Trump has waged an outright war on renewable energy, one of the most dynamic and fast-growing sectors of the world’s economy. As a result, we’ve ceded the green manufacturing sector to China, which now makes most of the world’s wind turbines, solar panels, and lithium-ion batteries. While the Chinese electric car industry is leaping ahead, ours is pulling back, a direct consequence of Trump’s decision to kill EV subsidies. In its lust to prop up the fossil fuel industry, the administration is literally forcing utilities against their will to keep coal plants open so customers can pay more for electricity and get dirtier air in the bargain. And speaking of fossil fuels…
  • The Iran War: We don’t know how long this war will go on, but the economic effects are already being felt. Gas has now crossed $4 a gallon (which will cause a broad increase in prices for all kinds of goods), farmers are facing a spike in the cost of fertilizer, and as Paul Krugman points out, the real effects of the constriction in oil supplies haven’t even been felt yet, which is why some energy analysts are predicting that this could be a worse crisis than the oil shock of the 1970s. The Pentagon wants an additional $200 billion to fund the war, and congressional Republicans are considering health care cuts to pay for it. There are now serious worries that the war could produce a global recession.

He’s a business guy, he knows the economy and stuff

To call this a record of economic incompetence would be too kind. In every case, Trump chose to do what he did for the most stupid, petty, and malicious reasons, despite the fact that the economic effects his decisions would produce were obvious and predicted by anyone with half a brain. It’s especially notable given that in his first term, Trump operated with a kind of benign neglect on many economic fronts, the consequence of which was that before he utterly screwed up his response to the covid pandemic, things were going pretty well. Yes, he restricted immigration and imposed some tariffs, but it was on a much smaller scale. For the first three years of his term, job growth was reasonable, inflation was low, and the economy largely rolled along.

Which probably reinforced the widespread and completely false notion that because Trump was a business guy who knows business stuff, he would be skilled at managing the economy. Even if Trump had been a traditional business leader and not a scam artist with a checkered record of successes and spectacular failures (including multiple bankruptcies), that wouldn’t have meant he knew anything about macroeconomic policy; as I’ve been shouting for far too many years, government and business are not remotely alike, and the skills and knowledge one needs to succeed in one do not transfer to the other.

Yet despite the crushing weight of all available evidence, one still heard voters in 2024 say that because Trump knows business, he could come into office, business away all that inflation (which was largely gone by the time of the election anyway), and bring us to a new age of prosperity. The fact that people thought that is a tribute to the propagandistic power of repetition: Say a thing often enough, no matter how ridiculous it is, and at least some people will believe it. (The same is true of the idea that Trump is a great deal-maker, when in fact he is the world’s worst negotiator.)

To their credit, Americans are now giving Trump dreadful ratings on the economy; in the latest Reuters/Ipsos poll (which was taken a week ago, before the national average for gas topped $4 a gallon), his economic approval was only 29%, worse than Joe Biden’s at the height of the 2022 inflation:

It would be nice if this were the result of the American public’s discerning judgment, but it almost certainly isn’t. That’s not to say that a majority of them favor fascism, because they don’t. But to drive your approval as low as Trump’s has gotten, you have to really muck up the economy. And on that score, we haven’t seen anything yet.

A good way to start off April Fool’s Day is by listening to this song by a group of young people in Colorado. The lyrics were written by Kevin Welner and are posted at the website of the National Education Policy Center.

The Trump regime says clearly “We believe in local control.” Except when they don’t.

Trump has issued executive orders about what may or may not be taught. Trump’s executive order #14253, signed on March 27, 2025, was titled “Restoring Truth and Sanity to American History.” What it meant in practice was to censor any teaching or displays that showed the shameful aspects of American history, and to focus instead on “patriotic history.”

Trump has launched a campaign to oust diversity, equity, and inclusion, as well as gender studies, African-American studies, and studies of other groups.

Trump has tried to seize control of institutions of higher education institutions by falsely accusing them of anti-Semitism. He has sought to control the admission of students, the curriculum, and the hiring of faculty.

Trump has taken institutions of higher education hostage by withholding or cancelling billions of dollars for research into medicine and science unless they turned control over to the federal government.

But, as the song says, “We believe in local control!”