Archives for category: Trump

Heather Cox Richardson tries to make sense of the conflicting narratives about the Iran War. Read Trump’s comments on Air Force One. Read them again. Maybe a third time. What did he say?

She writes:

This morning, after a 10-day ceasefire between Israel and Lebanon took effect Thursday, Iran announced the Strait of Hormuz was open to commercial ships. Israel has been bombing southern Lebanon, where Iran-backed Hezbollah militants operate, and Iran’s leadership has said it would not recognize a ceasefire with the United States until Israel’s bombing of Lebanon stopped.

With Iran’s announcement the strait was open, Trump hit the media circle, announcing through interviews and social media posts that the war with Iran was over and peace talks were all but done, although Trump said the U.S. Navy will continue to blockade Iran’s ports. Ron Filipkowski of MeidasTouch noted that Trump posted thirteen times in an hour claiming total victory.

He claimed that Iranian leaders had “agreed to everything,” including the removal of its enriched uranium, and that “Iran has agreed never to close the Strait of Hormuz again.” He promised that Iran had agreed to end its nuclear program forever and that talks “should go very quickly.” He said that the United States would work with Iran at “a leisurely pace” to retrieve and capture Iran’s highly enriched uranium and that Iran would receive no money for its cooperation despite a report from Axios that the U.S. is considering the release of $20 billion in frozen Iranian funds in exchange for Iran giving up its stockpile of enriched uranium.

Right on cue the stock market jumped and the price of oil futures dropped. Trump declared the breakthrough was “A GREAT AND BRILLIANT DAY FOR THE WORLD!” and asked why media outlets questioning the alleged deal didn’t “just say, at the right time, JOB WELL DONE, MR. PRESIDENT?”

But, as Ashley Ahn of the New York Times reported, Iranian officials’ interpretation of events was quite different from Trump’s characterization. Iran’s top negotiator, speaker of parliament Mohammad Bagher Ghalibaf, posted on social media that Trump had made seven claims in an hour, and all seven of them were false. Iran rejected Trump’s claim that it had agreed to hand over its uranium stockpile, and also said that the strait was open for commercial vessels—not military ships—but would close again if the U.S. blockade continued.

Tonight on Air Force One, after the stock market closed, when asked if Iran would turn over its nuclear material, Trump said: “We’re taking it. We’re taking it. Very simple. We’re taking it. With Iran. We’re going in with Iran. We’re taking it. We will have it. I don’t call it boots on the ground. We’ll take it after the agreement is signed. After there— there’s a very big difference. Before and after. BC. It’s before, and after. And after the agreement is signed, it’s a lot different than before. We would have taken it. If we didn’t have an agreement, we would take it. But I don’t think we’ll have to.”

When a reporter asked Trump whether he would extend the ceasefire “if you don’t have a deal by Wednesday” when it ends, the president answered: “I don’t know. Maybe not. Maybe I won’t extend it. But the blockade is gonna remain. But maybe I won’t extend it. So you have a blockade, and unfortunately we’ll have to start dropping bombs again.”

While being able to announce the end of the Iran war—at least for now—relieves Trump’s immediate crisis, there are many others in the wings. This evening, an article in The Atlantic by Sarah Fitzpatrick portrayed Federal Bureau of Investigation (FBI) director Kash Patel as a poor manager who is terrified he is going to lose his job and whose overuse of alcohol, tendency to disappear, and purges of FBI agents who had investigated Trump endangers our national security. Fitzpatrick notes that Patel has kept his job thanks to his willingness to use the FBI to target Trump’s perceived enemies, but his focus on things like whether FBI merchandise looks “fierce” has made officials think “we don’t have a real functioning FBI director.”

Writ even larger than the behavior of the director of the FBI is the growing focus on corruption in the Trump administration. On Wednesday, House Democrats announced they have created a task force to reinforce ethics rules and highlight the Trump family’s self-dealing when in office. The task force is made up of members from across the country and from different caucuses in the Democratic Party. Representative Joe Morelle, a fellow New Yorker and close ally of House minority leader Hakeem Jeffries who is the top-ranking Democrat on the House Administration Committee, will lead the task force along with Kevin Mullin of California, Delia C. Ramirez of Illinois, and Nikema Williams of Georgia.

Also on the task force are the top-ranking Democrat on the House Oversight and Reform Committee, Robert Garcia of California, and the top-ranking Democrat on the Judiciary Committee, Jamie Raskin of Maryland, as well as Congressional Progressive Caucus members Greg Casar of Texas and Alexandria Ocasio-Cortez of New York and the head of the moderate New Democrat Coalition, Brad Schneider of Illinois.

They will be looking into self-dealing like Trump’s current negotiations with the Internal Revenue Service to settle the $10 billion lawsuit he filed against it after an IRS contractor during his first term leaked some of his tax information, along with that of more than 400,000 other taxpayers, to two news outlets during Trump’s first term. Trump, along with his sons Donald Jr. and Eric, said the leak caused “reputational and financial harm, public embarrassment, unfairly tarnished their business reputations, portrayed them in a false light, and negatively affected President Trump, and the other Plaintiffs’ public standing.”

Peter Nicholas of NBC News noted in February that $10 billion is more than 80% of last year’s IRS budget.

Fatima Hussein of the Associated Press notes that several watchdog organizations have filed briefs challenging Trump’s lawsuit. Democracy Forward argued that the case is “extraordinary because the President controls both sides of the litigation, which raises the prospect of collusive litigation tactics,” and that “the conflicts of interest make it uncertain whether the Department of Justice will zealously defend the public [treasury] in the same way that it has against other plaintiffs claiming damages for related events.”

On Wednesday, Democratic representatives Jamie Raskin of Maryland and Dave Min of California, along with Democratic senators Elizabeth Warren of Massachusetts and minority leader Chuck Schumer of New York, introduced the Ban Presidential Plunder of Taxpayer Funds Act to ban presidents and vice presidents from stealing taxpayer money.

Pointing to the Department of Justice’s recent settlement of $1.2 million with Trump’s former national security advisor Michael Flynn, who pleaded guilty to lying to the FBI about his contacts with Russians before Trump took office, after he sued for $50 million on the grounds that the criminal case against him was malicious prosecution, Raskin warned of an “emerging MAGA grift of suing the government as a ‘plaintiff’ on bogus grounds and then settling the suit as a ‘defendant’ for big bucks.”

“Over the past 15 months, we have seen unprecedented corruption from this administration, but this new abuse of power of providing huge cash payments to ‘settle’ baseless lawsuits brought forward by Trump and his allies is a new low. The bill that Senator Warren, Leader Schumer, Ranking Member Raskin, and I are bringing forward would stop this backdoor bribery and bring some accountability back to the federal government,” said Representative Min.

In February, when the lawsuit came to public attention, Trump noted that it seemed odd for him to be negotiating with himself over the issue, but told reporters that he would give whatever monies he was awarded to charity. “We could make it a substantial amount,” he said. “Nobody would care because it’s going to go to numerous very good charities.”

Notes:

https://www.washingtonpost.com/world/2026/04/17/hormuz-strait-reopens-iran-us-war/

https://www.cbsnews.com/live-updates/iran-war-us-trump-strait-of-hormuz-diplomacy-ceasefire/

https://www.cnbc.com/2026/04/16/trump-israel-lebanon-ceasefire-iran-war.html

https://www.theatlantic.com/politics/2026/04/kash-patel-fbi-director-drinking-absences/686839/

https://www.theguardian.com/world/live/2026/apr/17/middle-east-crisis-live-news-israel-lebanon-ceasefire-iran-war-us-latest-updates

https://www.independent.co.uk/news/uk/politics/starmer-macron-strait-of-hormuz-iran-war-trump-b2959902.html

https://www.axios.com/2026/04/17/iran-us-deal-20-billion-frozen-funds-uranium

https://www.pbs.org/newshour/politics/house-democrats-attempt-anti-corruption-message-to-gain-traction-against-trump

Meidas+

Today in Politics, Bulletin 351. 4/17/26

… Trump made 13 posts in an hour today on Truth Social claiming total victory in the Iran War with the concepts of a peace agreement allegedly imminent. However, as with all things Trump, the reality and details never seem to match up with his claims. It appears that may be the case yet again.

https://www.aljazeera.com/news/2026/4/17/world-reacts-to-the-opening-of-the-strait-of-hormuz-amid-us-iran-conflict

https://www.politico.com/news/2025/02/25/irs-contractor-leaked-hundreds-of-thousands-of-returns-00205980

https://apnews.com/article/trump-treasury-irs-lawsuit-tax-whistleblower-c710244db618b066f3070a65e75820a5

https://www.nbcnews.com/politics/donald-trump/trumps-10-billion-suit-government-go-sideways-rcna257483

https://www.pbs.org/newshour/politics/ap-report-justice-department-settles-lawsuit-from-trump-ally-michael-flynn-for-1-2-million

https://democrats-judiciary.house.gov/media-center/press-releases/raskin-warren-schumer-min-introduce-new-bill-to-stop-president-vp-from-abusing-power-to-steal-taxpayer-funds

https://www.lloydslist.com/LL1156947/Strait-of-Hormuz-open-says-Iranian-foreign-minister

Bluesky:

meidastouch.com/post/3mjphsktvvs27

atrupar.com/post/3mjqksok2tp2h

atrupar.com/post/3mjqky7nhiv26

Donald J. Trump continues in his role as Master of Chaos. Yesterday, we woke to the good news that the Strait of Iran was open! Great! Wall Street loved it, stocks soared. But over the course of the day, it turned out that the Strait was not really open. Maybe it was, maybe it wasn’t.

Trump needed a win, and he told the world that he got it. It was hard to tell what was true, what was a boast, and what was a lie.

Ron Filipowski, editor-in-chief of the Meidas Touch website, summarized the disparate reactions:

… Trump made 13 posts in an hour today on Truth Social claiming total victory in the Iran War with the concepts of a peace agreement allegedly imminent. However, as with all things Trump, the reality and details never seem to match up with his claims. It appears that may be the case yet again.

… These were some of Trump’s claims from his blizzard of manic posts:

  • “Iran has agreed to never close the Strait of Hormuz again. It will no longer be used as a weapon against the World!
  • “A GREAT AND BRILLIANT DAY FOR THE WORLD! DJT”
  • “Now that the Hormuz Strait situation is over, I received a call from NATO asking if we would need some help. I TOLD THEM TO STAY AWAY, UNLESS THEY JUST WANT TO LOAD UP THEIR SHIPS WITH OIL. They were useless when needed, a Paper Tiger!
  • “Again! This deal is not tied, in any way, to Lebanon, but we will, MAKE LEBANON GREAT AGAIN!”
  • “Iran, with the help of the U.S.A., has removed, or is removing, all sea mines! Thank you!”
  • “Thank you to Saudi Arabia, UAE, and Qatar for your great bravery and help!”
  • “The U.S.A. will get all Nuclear “Dust,” created by our great B2 Bombers – No money will exchange hands in any way, shape, or form. This deal is in no way subject to Lebanon, either, but the USA will, separately, work with Lebanon, and deal with the Hezboolah situation in an appropriate manner. Israel will not be bombing Lebanon any longer. They are PROHIBITED from doing so by the U.S.A. Enough is enough!!!”
  • “The Failing New York Times, FAKE NEWS CNN, and others, just don’t know what to do. They are desperately looking for a reason to criticize President Donald J. Trump on the Iran situation, but just can’t find it. Why don’t they just say, at the right time, JOB WELL DONE, MR. PRESIDENT, and start to gain back their credibility???”

… Reuters: “Significant differences between Iran and the US remain to reach a deal aimed at ending the war, a senior Iranian official told Reuters, adding that keeping the Strait of Hormuz open is ‘conditional on US adherence to the terms of ceasefire’. 
The official said ‘no agreement has been reached on the details of the nuclear issues,’ and serious negotiations are required to overcome differences.”

… Middle East analyst Shaiel Ben-Ephraim: “The deal shaping up to end the war in Iran has the following components:

  • Iran officially declared the waterway “completely open” today for all commercial vessels for the remainder of the ceasefire. Iran plans to levy a toll there. The US opposes that. Unless they can get a cut of course. 
  • The US is reportedly weighing the release of $20 billion in Iranian assets held in foreign accounts to be used for humanitarian purposes. This is a significant increase from the initial $6 billion offer, following Iran’s demand for $27 billion.
  • Trump stated that Iran has agreed to hand over its entire stockpile of nearly 2,000 kilograms of enriched uranium, which he refers to as “nuclear dust”. Trump is referring to Iran’s estimated 2,000 kilos of enriched uranium. Of this, 440–450 kilos is highly enriched to 60% purity, a short technical step from weapons-grade. 
  • Both sides are debating a “voluntary” pause on uranium enrichment. The US is pushing for a 20-year moratorium, while Iran has offered only 5 years.
  • The US demands all material be shipped to the US. Iran has only agreed to “down-blend” it domestically. A compromise involves shipping some to a third country, likely Russia, and down-blending the rest under international monitoring.
  • The draft memorandum requires all future nuclear operations to be moved above ground, leaving current underground facilities like Fordow and Natanz out of commission.
  • Iran demanded a ceasefire in Lebanon and that was forced on Israel for ten days. However, Israel will not withdraw and continues to harbor plans to dismantle Lebanon. 

… “This grand bargain serves Iranian and US interests in de-escalation. Overall it serves Iranian interests more, as it gives them money they did not have access to before and does not involve conditions regarding their ballistic missiles and leaves the current regime intact. The main threat to this deal, needless to say, is Israel. It has no interest in maintaining a ceasefire in Lebanon and a very strong interest in destroying this fragile deal.”

… Axios: A US official clarifies Trump’s Lebanon comments: “The President’s ceasefire agreement between Lebanon and Israel clearly states that Israel will not carry out any offensive military operations against Lebanese targets but preserves its right to self-defense against planned, imminent, or ongoing attacks.”

… “Trump shocked Netanyahu with post declaring Lebanon strikes ‘prohibited’. Israel asked the WH for clarifications, sources say.”

… Former CIA officer Marc Polymeropoulos: “Trump humiliates his best buds. This is political suicide for any Israeli PM, to adhere to this. I don’t care who it is. The idea of not being able to take action on your borders is untenable. Bibi of course deserves this humiliation, as he has been on his knees to Trump for perpetuity.”

… News18 (India): “Iran has pushed back against Trump’s claim that Tehran has agreed to hand over its stockpile of enriched uranium, with sources saying no such arrangement has been negotiated so far. A source close to Iran’s Parliament Speaker Mohammad Bagher Ghalibaf said ‘no form of nuclear material transfer to America has been negotiated,’ directly contradicting Trump’s assertion.”

… Tasnim states that Iran has reportedly set 3 conditions for vessels transiting the Strait of Hormuz:

  • Only commercial ships allowed, no military vessels; cargo must not be linked to “hostile” states.
  • Transit must follow routes designated by Iran.
  • Passage requires coordination with the IRGC Navy.

… Middle East analyst and former Israeli intelligence officer Danny Citrinowicz: “I’m concerned that, in this round, Iran came out with the upper hand. It demonstrated not only its ability to threaten the Strait of Hormuz, which it effectively controls, but also its willingness to keep it closed until conditions aligned with its interests, while refusing to yield to US demands.”

… “The takeaway from this episode is clear: Iran not only holds leverage over the strait, but any future arrangement with Tehran will have to be credibly enforced. Otherwise, the ‘Hormuz card’ can and likely will be played again. Iran is not entering the next round from a position of weakness. 

… “From Tehran’s perspective, it may have made tactical concessions, since it is clear that even any closure of the strait in the coming weeks, given the volume of tanker traffic, would inflict significant pain on global markets. But strategically it reinforced its core message: it sets the terms in this arena and will not accept dictates from outside powers. And if Israel were to violate the ceasefire, the strait would likely be closed again.”

… “This development should serve as a reminder to the admin that this is not a simple winner-takes-all outcome. From Iran’s perspective, this is a negotiation, one it enters from a position of strength. It’s really become the ‘Strait of Iran’. Iran holds the key to the strait, and that reality does not appear likely to change anytime soon. Developments over the past 24 hours have only reinforced and deepened this reality.”

… Seyed Mohammad Marandi, Prof at Tehran Univ: “One of the major developments that Iran is currently orchestrating is shifting the passage of ships from other routes in the Strait of Hormuz to Iran’s coastal waters. This means that in the new order of the Strait of Hormuz, a significant long-term geopolitical change will take place.”

… Journalist Borzou Daragahi: “This is one reason why previous US admins ruled out an attack on Iran. No one, including the Iranians, knew what would happen and what it would mean if Iran closed the Strait of Hormuz. Then Trump FAFOed. Now we are in a situation where everyone in the world knows that Iran can close the Strait with a Tweet or a drone and that it would have a tremendous impact on the world economy. No matter what happens Iran will always hold that leverage.”

 lan Goldenberg, chief policy officer for J Street: “A reasonable deal is better than a return to war and I’ll support it. But let’s remember that this is a colossal failure for Trump and for US interests:

  • We could have had this deal or something similar before the war without: the death and destruction across the Middle East; massive damage to US allies and partners and global relationships; huge use of military resources that will take years to rebuild; and significant damage to the global economy.
  • If Trump hadn’t left the JCPOA [Obama’s multilateral agreement to stop Iran from developing nuclear weapons, which Trump tore up], we’d probably be in the midst of negotiations on extensions of key components and follow on deals at this point but from a much stronger position. Iran wouldn’t have 400KG of HEU and we’d have the most comprehensive inspections regime ever developed to catch any cheating. 
  • Instead this will probably involve nothing even close on what is arguably the single most important element of any nuclear deal – inspections and verification.”

… James Acton, director of the Carnegie Nuclear Program: “The two biggest criticisms of the JCPOA were sunsets and financial relief that Iran could spend on terrorism. The deal under discussion has both. That’s not a necessary criticism of diplomacy; it’s a criticism of those who criticized the JCPOA and will support any Trump deal. Sunset clauses and financial relief are necessary for any deal.”

… Yaroslav Trofimov, chief foreign affairs correspondent for WSJ: “To sum up the day. The Strait of Hormuz is still not open unless vessels go through the Iranian tollbooth, the US naval blockade of Iran continues, and the dramatic decline in oil prices is caused not by the changing reality on the ground but by market expectations – possibly over-optimistic – that the US and Iran will strike a nuclear deal in the foreseeable future.”

… Right-wing talk show host Ann Coulter: “Yay. The Strait that was open before we began bombing Iran open, is open again. Everybody pretend this is a huge victory for Trump so he’ll end this catastrophe.”

… Axios: “The US and Iran are negotiating over a plan to end the war, with one element under discussion being that the US would release $20 billion in frozen Iranian funds in return for Iran giving up its stockpile of enriched uranium. According to two sources, the US was ready in an earlier stage of the negotiations to release $6 billion for Iran to purchase food, medicine and other humanitarian supplies. The Iranians demanded $27 billion.”

… “The latest number discussed by the US and Iran is $20 billion. This was a US proposal. Meanwhile, the US asked Iran to agree to ship all its nuclear material to the US, while the Iranians only agreed to ‘down-blend’ it inside Iran. Under a compromise proposal now under discussion, some of the highly enriched uranium would be shipped to a third country.”

… Rep. Martin Stutzman (R-IN) on CNN: “Trump is a tough negotiator. We’ve been able to watch him negotiate on Truth Social, and there are days where you’re like, ‘wow’. Host: He threatened to take out an entire civilization. Stutzman: Those were the types of words they understood.”

… Fox host Sean Hannity said Pope Leo doesn’t understand Catholicism: “I went to Catholic school for 12 years, I attended a seminary in high school and studied theology. I left the Catholic church in large part because of institutionalized corruption. Others at the Vatican have totally lost sight of the true meaning of the Bible and its teachings.”

… Hannity: “Pope Leo is seemingly more interested in spreading left-wing politics than the actual teachings of Jesus Christ. Why is the pope twisting religion to only attack Trump? Is it because he is Trump-hating Democrat that lacks moral clarity?”

… WH Faith Office Senior Advisor Paula White‑Cain said nobody knows more about the Bible than Trump: “He can quote to you so many sermons. I mean, profound.”

… Like Two Corinthians.

Donald Trump is slapping his name on as many buildings and public spaces as he can while President. Trump sneakers, Trump watches, Trump coins, Trump Crypto, and Trump Bibles. Sad to think of the Trump fans who emptied their pockets to buy his merch, but it is sadder still to think about how he’s leaving his gaudy mark on the nation’s capital.

You know that he’s torn down the East Wing of the White House and intends to build a massive ballroom there that is bigger than the White House. You know he paved over Jacqueline Kennedy’s Rose Garden on the White House grounds. You know that he’s closing the John F. Kennedy Center for the Performing Arts for two years while he reconstructs it, having alienated both audiences and artists.

But then there is the Arch. Trump wants an arch that’s bigger than anything else in the nation.

On Thursday, the stacked Commission on Fine Arts approved Trump’s Big Tasteless Arch. Almost every member of the Commission was selected by Trump, giving him a free hand to build, design, and redesign monumements to himself.

Here is what the Washington Post’s art and culture critic Phillip Kennecott thinks about the Arch. He began by saying in the sub-head: “America fought to defeat fascism. This ‘triumphal arch’ reeks of it.”

He writes:

Donald Trump’s giant victory arch appears to have an official name. Since October, when the president showed preliminary designs for a gigantic arch proposed for a traffic circle near Arlington National Cemetery, the monument has been referred to variously as a triumphal arch, the Independence Arch and the Arc de Trump.

The last of these isn’t entirely a joke. When asked whom the arch would honor, Trump said: “Me.”
But renderings of the arch, submitted to the Commission of Fine Arts in advance of its discussion of the project Thursday, refer to it as the Triumphal Arch. And it will be as big as feared — 250 feet high — larger than arches of antiquity, taller even than ghastly monuments to authoritarian triumphalism, including the victory arch in Pyongyang, North Korea.

It is an insult to the men and women who risk their lives to protect democracy, who have fought in wars against fascism, who have actually achieved victory rather than merely declared and celebrated it. Its symbolism is borrowed and confused, and it will block a sacred vista that connects the Lincoln Memorial to the final resting place of the Civil War dead, and veterans from every major war and conflict this country has fought.

The main body of the arch will rise 166 feet from an elevated base. Atop that will be a 60-foot-tall gilded statue that looks like an AI-mash-up of the Statue of Liberty holding a torch and the Greek goddess of victory, Nike, resembling in its glittering ostentation the statue atop a victory column in Mexico City erected by the brutal dictator Porfirio Díaz in 1910. The design of the arch is a little simpler than some of the more garish proposals Trump floated earlier. Gigantic Corinthian columns have been removed, and there are no longer gilded statues in the niches on the two main supporting legs.

But there is no lack of gilding in other places, including the ornamental relief on the face of the attic, with lettering spelling out “One Nation Under God” and “Liberty and Justice For All,” and on the four sculpted lions that flank the arch. The lions seem to be borrowed from the beloved statues at the entrance to the New York Public Library. Why? Why not.

Trump set his mind on a Roman victory arch after visiting the Arc de Triomphe in Paris, and the design is a hodgepodge of borrowed elements. The 250-foot height is left over from an earlier idea that the monument would honor the 250th anniversary of American independence, and the phrase “one nation under God” only gained wide currency in the United States during the 1950s, when it was added to the Pledge of Allegiance after pressure from Christian groups. It will technically be in the District of Columbia, but on the southern side of the Potomac River, disrupting the symbolism of Arlington Memorial Bridge, which was part of a grand symbolic design that honored post-Civil War reconciliation.

But the symbolism and the details, and even the size of the monument, matter less than the mere fact that it perverts a fundamentally American idea about war. We have fought them, we have died in them, and we have brought war to too many people who did not deserve our meddling with their politics and sovereignty.

But no matter the cause, no matter how great the victory, we fundamentally honor sacrifice and service. We celebrate the end of wars and the achievement of peace, not victory. Roman victory arches are lovely to look at, but they were primarily political statements, assertions of personal power and propaganda by ambitious men.

When Abraham Lincoln entered war-ravaged Richmond on April 4, 1865, he came with about a dozen sailors. It wasn’t a parade. When asked how the defeated South should be treated, he said, “Let ’em up easy.” In the renderings submitted to the CFA, it is clear that not only will the arch block the view that connects the Lincoln Memorial to Arlington Cemetery, it will also frame perfect views of Arlington House, the Greek revival mansion on a hill owned by the slaveholding traitor Robert E. Lee.

If this is a victory arch, what victory is being honored?

The question is all the more pressing given the current moment, when the United States is at a stalemate with Iran, which it has brutalized but not defeated. Like the president’s statements about the war, including a ghastly threat to annihilate the entire civilization of Iran, the rhetoric of this arch is all about escalation. The primary element of its design is its colossal scale, as if being big can compensate for being confused.

And so, like Trump’s declarations of victory, this arch is merely loud, not clear or confident. When people die, we say RIP, for the Latin “requiescat in pace,” an old prayer: Rest in peace. The men and women who lie in Arlington have earned that peace, and they deserve our quiet, humble gratitude, not this monstrous monument to power, war and one man’s ego.

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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While the U.S. has eliminated its agencies that speak to the world, like Voice of America, Iran has been producing videos mocking the United States, portraying its history as a long series of atrocities, and linking the current war to Jeffrey Epstein.Virginia Heffernan tells the story in The New Republic.

She writes:

There’s a new way to teach American history. It’s not woke. But it’s not patriotic, either. It’s not the 1619 Project or the 1776 project.

It’s the Iranian History of the United States, as seen in “One Vengeance for All,” the most cosmological of the recent pieces of pro-Iran Lego-style agitprop. This is the series you’ve probably caught a glimpse of—the obscene, masterful, and viral AI videos that have hammered the internet since the start of Donald Trump’s ruinous war in Iran. The series, which has been labeled “slopaganda,” is sometimes called “Operation Epstein Fury.”

The strongest entries in the series are producedby an anonymous student activist group called Explosive News (Akhbar Enfejari). Shorter videos in the same style, which look less polished, are reportedly fan-made. All of the videos treat the war with max cartoonery and max ideological torque. Russian and Iraniangovernment accounts regularly boost them. (China has also made its own anti-American propaganda pegged to the war.) 

Scare up the extremely violent videos at your own risk, but here’s a plot summary. In an early one, Trump, panicked about his culpability in the Epstein affair, smashes a red button to strike Iran as a distraction. After Iran strikes back and slams shut the Strait of Hormuz, Trump and Benjamin Netanyahu run scared from Iran’s strategic genius and godlike military might. In the next few videos, the U.S. Army loses personnel, planes, helicopters, and popular support; capital markets spiral. Coffins draped in American flags pile up. 

One Vengeance for All” stands out from the rest because it contains more American history than breaking news. And what a way to see our once-promising nation. The Iranian History of the United States features no pilgrims, Revolutionary War, Civil War, or wars in Europe. Also absent: slavery, civil rights, feminism, and unions. 

Instead, you get 53 seconds of 600 years of American jingoism and genocide. The video opens on an AI caricature of an Indigenous man in a headdress looking to the heavens from the Western plains. Cut to a little boy carrying a dead infant amid smoldering rubble in Hiroshima. These are ghosts.

From there to Vietnam. A middle-aged woman carries a scythe, in a rice field, and again looks skyward. Then come slain Iranian leaders: Qassem Soleimani in 2020, Ayatollah Ali Khamenei in February. All ghosts. Now there’s a girl at a refugee camp in Gaza. We’re given to understand from her hopeful expression that help is coming, and that the help is the Iranian army, though it has no intention of “liberating” or “saving” the ghosts. Instead, with centuries of pent-up resentment in its arsenal, Iran will avenge their suffering with fire and fury.

About two-thirds of the way in, the narrative rounds on the American people, and finds Trump’s victims among us. A blond girl in a pink dress, no older than 6, is pictured in a tropical landscape. It’s Epstein Island. The island’s enigmatic blue-striped building, which some speculate is a reference to the Israeli flag, stands behind her. This girl is also a victim of American imperialism, courtesy of the Trump-Epstein class that merged capital and executive power; private-sector monopolies with political world domination. 

This girl’s Iranian counterpart appears in the next image, a young schoolgirl in a blue coat and white hijab, and she seals the connection. She’s abandoned in the deserted courtyard of the Shajareh Tayyebeh girls’ school in Minab, Hormozgan Province. This is the schoolyard where around 170 people were murdered, elementary school students, when the school was bombed by U.S. forces back in February on the war’s first day. 

At once, a sisterhood of ghosts coalesces. From Epstein Island to southern Iran, schoolgirls pair with schoolgirls, the specters of abused children whose lives or spirits have been extinguished by sadistic American tyrants.

Trump is globally known for sex crimes and, like Hegseth, charges of sex crimes—and the Iranian videos depict the two men explicitly as rapists. In one video, the Lego Trump has doll-like girl figures on his bed and lap, and Hegseth is shown in military garb, repeatedly committing rape. Assaults on girls are the modus vivendi of these videos’ versions of Trump and Hegseth.

These sequences are not idle trolling. Rape is, of course, a crime against humanity. But rape is implicated more immediately in the brief for this war, which centers not on strategic goals but on the relentless use of violence against innocents to humiliate an entire people. 

As Jamelle Bouie put it recently, “Forcing others to submit through the indiscriminate use of force does not really sound like war. That does sound like something else. It sounds like rape.” He concluded that the ideology of Trump and Hegseth is “the ideology of the rapist.” 

After 9/11, President Bush used to tell Americans that our enemies resented “our way of life.” In his memorable “Why Do They Hate Us?” speech of September 20, 2001, Bush answered his own question, “They hate our freedoms—our freedom of religion, our freedom of speech, our freedom to vote and assemble and disagree with each other.” 

This may or may not have been true of the terrorists a quarter century ago. But it’s not at all true now of Iran, which the U.S. attacked without permission from the people or provocation from Iran. Iran hates the American government for its cruelty toward hundreds of millions of people across six centuries. It’s hard not to see the logic in it. 

In Trump, the ideology of the rapist was unmistakable a decade ago, when he crowed about the joy he takes in humiliating human beings by mauling their crotches. With this war, he’s trying, as usual, for highly aestheticized spectacles of humiliation, and he’s getting them—but not for Iran. For himself, and for the United States.

This post appeared on Trump’s “Truth Social” media account.

The image of Trump as Jesus was also posted.

What is the best adjective to describe him?

Strong? Powerful? Self-confident?

Unhinged? Demented? Narcissistic? Psychopathic?

This is a conversation you should not miss.

Melania Trump held a highly unusual news conference to deny rumors about her relationship with Jeffrey Epstein and Ghislaine Maxwell.

Then the rumors began to fly.

Snopes, the nonpartisan fact-checking organization, reviewed the authenticity of an email exchange Melania had with Ghislaine Maxwell in 2002, before she married Trump.

Melania inquired about meeting again. Ghislaine replied, opening her response with “Sweet Pea,” a rather intimate reply from someone you barely know.

Snopes rated the email exchange true.

Then there is the story of Amanda Ungaro. She was a victim of Epstein. She was recently deported to Brazil. She has threatened to get even with Melania by telling everything she knows.

Trump can’t escape his long association with pedophile Epstein, even though their friendship ended 20 years ago.

It’s not funny but this video is.

Natalie Korach of Status questions whether the press should invite enemies of a free press to the annual White House Correspondents Dinner. Status is an unusually perspicacious source of insider talk about the communications industry.

Korach writes:

As the Trump administration wages war on the press, news outlets hosting White House Correspondents’ Dinner events are dodging questions about who’s on their guest lists. 

When Donald Trump revealed last month that he would attend this year’s White House Correspondents’ Dinner for the first time as president, the announcement prompted immediate blowback. After years of vilifying the press, the decision by the White House Correspondents’ Association to welcome Trump as a guest of honor struck many as an extraordinary act of appeasement. 

Yet little attention has been paid to the nation’s biggest news organizations who play host to the weekend’s marquee gatherings. But as invitations for the weekend’s festivities started to circulate this week, it raised the question of whether newsrooms plan to welcome members of an administration that has spent more than a year publicly waging war against them. 

Status reached out to the handful of major outlets hosting WHCD-adjacent events to ask whether they planned to invite members of the administration to sip cocktails and snack on hors d’oeuvres at their respective events. Will officials like Karoline Leavitt and Stephen Miller—who regularly launch vicious assaults on the press—be welcomed with open arms at gatherings ostensibly aimed at celebrating the First Amendment and standing up to those who would chip away at it? 

Representatives for ABC News, CBS News, CNNFox NewsMS NOWNBC News, and POLITICO all declined to comment when asked whether they will play host to members of the administration—perhaps tellingly so. 

That reticence is hardly surprising. When Status reported earlier this week that many attendees plan to don First Amendment-supporting accessories to this year’s dinner, some derided the symbolic action as a weak response to the near-daily assaults unleashed by Trump against reporters and news organizations. 

“It’s entirely hypocritical to invite administration officials who consistently attack the media,” one former network executive told Status, calling it “absurd.” 

The situation is no doubt an uncomfortable one for news organizations, which have not had to seriously grapple with the issue before. During Trump’s first term, the White House largely stayed away from the correspondents’ dinner and surrounding festivities, sparing outlets from their events becoming defined by officials who were simultaneously attacking them. That followed conservative blowback in 2018 when the night’s entertainment, comic Michelle Wolf, roasted then-Trump press secretary Sarah Huckabee Sanders, comparing her to Aunt Lydia in “The Handmaid’s Tale,” and quipping, “She burns facts, and then she uses that ash to create a perfect smokey eye.” 

With Trump planning to attend this year, it is far more likely that administration officials will make the rounds. Executives are now tasked with deciding whether inviting Trump officials is simply an extension of long-standing bipartisan tradition or an act that risks normalizing an administration that has repeatedly sought to undermine the press and stepped far outside the bounds of accepted behavior. 

Still, there are early indications of how at least some networks are approaching the weekend. Defense Secretary Pete Hegseth, for instance, could make an appearance at the CBS News–POLITICO pre-dinner reception, Status has learned. That’s because Hegseth has been invited by the network to attend the dinner itself, according to a person familiar with the plans, as first reported by Breaker. New CBS News Editor in-Chief Bari Weiss also plans to attend, the person said, who noted that the network has historically invited the full cabinet and administration officials to the dinner. This year’s invitations, the person said, were extended to elected leaders from both parties, with an expectation that Democrats would attend as well. 

Even so, the Hegseth invitation didn’t sit well with some. “What a slap in the face to the journalists at CBS News to invite the man leading the fight to unilaterally shut down press freedoms in this country,” an executive from a rival network told Status. “Nothing says celebrating press freedoms like the man who won’t even let photographers in the room for fear they’d miss his good side!” 

The decision to invite Hegseth is particularly stark after the former Fox News weekend host booted journalists from the Pentagon and used press briefings to discuss the U.S. war on Iran to deride reporters. One CBS News staffer called it “deeply disappointing” that the Weiss-led outlet would invite Hegseth as a guest, while another told Status it felt like an “access play,” at the expense of the network’s journalists. 

Other networks seem to be approaching the weekend in a similar manner. A person familiar with CNN’s planning said that the network doesn’t take “different approaches” to its guest list “based on who is in office,” adding that extending bipartisan invites is standard practice. “If they choose to accept this year when they’ve boycotted before, that’s their decision, but it’s not a new approach,” the person said. 

Likewise, a person familiar with NBCUniversal’splans for the weekend said that, as in years past, NBC News has extended invitations broadly to both Democrats and Republicans, including members of the current administration.  

It goes without saying, however, that the Trump administration is not just another Republican administration. It’s not politics as usual in Washington, though it seems clear some news executives prefer it were. Trump and the top officials in his government have shattered norms and taken unprecedented measures to chill speech and demonize the press. While news executives might conveniently position their decisions as simply following decades-long norms, Trump has had no problem shredding them. It raises the question: If Trump is willing to trash longstanding traditions, why are news executives so beholden to them? 

In any event, some newsrooms are signaling a more pointed posture. 

While a spokesperson for MS NOW declined to detail the guest list, invitations to the network’s first standalone correspondents’ dinner event since its split from NBCUniversal have adopted a distinctly values-driven tone, emphasizing that “a free press and the journalists who power it are essential to the future of democracy,” as MS NOW’s afterparty invitation reads. (Full disclosure: Status is also hosting an event and has chosen not to invite or grant admission to administration officials, given their ongoing attacks on the press.) 

HuffPost has also outright said that it is taking a principled stand against mingling over champagne and canapés with Trump administration officials who have derided, mocked, and insulted the press corps, choosing not to attend the dinner this year, a departure for the BuzzFeed-owned digital outlet. 

“HuffPost refuses to celebrate journalism and laugh alongside an administration and president that regularly attacks the free press, weaponized the FCC, and threatened to jail journalists,” a person familiar with the decision told Status. Instead of having a presence at the dinner, the progressive outlet will focus on “rigorously covering the White House and holding power to account and covering any developments on April 25th,” the person added. 

During his second term, Trump has taken his threats against the media to a new level, barring outlets from events and stripping the White House Correspondents’ Association of its traditional authority over the press pool. Trump has stripped funding for public media and moved to shut down Voice of America under Kari Lake’s leadership. Meanwhile, the White House has sued numerous news organizations, including ABC News, the BBC, CBS News, The Wall Street Journal, and The New York Times

The dinner, and what comedians like Stephen ColbertHasan Minhaj, and Larry Wilmore have joked about from the stage, has long been a source of friction and occasional controversy. Until Trump, though, presidents and officials dutifully attended, weathering the jabs and jokes that went with it. This year, however, the association has invited mentalist Oz Pearlman to headline the evening, signaling a less politically-tinged monologue with Trump in the room. 

But Hegseth and other administration officials making the cut for events celebrating the First Amendment underscores a larger issue. News organizations have long prided themselves on maintaining neutrality. But that posture is being tested in an environment where one side of the political equation has made hostility toward the press a central feature of its governing approach.

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.