Imagine a President Trump Who Owes Saudi Arabia $540 Million

Donald Trump is attempting to appeal and delay having to pay that whopping fine that New York Judge Arthur Engoron laid on him earlier this month in the Trump Organization fraud suit brought by state Attorney General Letitia James. As we’ve all heard, to do so, he has to secure a bond.

NBC News did some cipherin’ Wednesday and reported that he’ll need a bond of about $540 million. It is widely assumed he doesn’t have the liquid cash. He has some buildings, notably 40 Wall Street, but many experts are saying that the government doesn’t like to take real estate as collateral. “Whoever is going to bond [Trump] is committing that they’re going to make good on that judgment,” New York business attorney David Slarskey told NBC. “Who’s going to do that?”

Indeed. That is the question. And the possible answer is chilling, if we imagine Trump back in the White House next year.

In sum: He could borrow this money from just about anybody. Or not even borrow it. Someone might just give it to him. Incredibly, as Neal Katyal said on MSNBC Wednesday night, there is apparently no law that prohibits someone in Trump’s position from securing the collateral from anyone. It’s another one of those laws that I suppose no one ever even thought to write because the system has never encountered a Donald Trump before. But now it has.

“There are potential sanctions prohibitions and campaign finance prohibitions. And of course potential tax issues,” MSNBC analyst Andrew Weissmann told me via email Thursday. “But apart from those, a third party can give a gift or loan to post the federal or state bonds.”

Ponder with me the possible dangers here. Let’s imagine a roster of actors who might have the resources and motive to stake Trump to half a billion dollars, either as a loan or a gift. There’s Russia, first of all. Russia—and Vladimir Putin personally, because he’s apparently stolen so much over the years that he might be the world’s richest man—may be out of the question because of the sanctions. But of course, that’s just the law, which Trump spits at.

Imagine a President Trump in hock to Russia or Putin to the tune of a half-billion dollars. Sure, Trump is inclined to give Putin half of Eastern Europe anyway. But money like that would turn a mere ideological sentiment into ironclad fealty, since money means a lot more to Trump than ideas. Well, Poland, you didn’t exist from 1795 to 1918; you can get used to it again.

Or let’s say it came from Saudi Arabia. Remember, it was during this very trial that Trump bragged that the Saudis, or at least some individual Saudi, would willingly pay inflated prices for Trump properties. This was a justification he used for inflating the prices in the first place. Engoron wrote in his ruling: “He also seems to imply that the numbers cannot be inflated because he could find a ‘buyer from Saudi Arabia’ to pay any price he suggests.”

So imagine now that a “buyer” or buyers from the kingdom secretly put up Trump’s collateral. And then Trump won the election. The United States would do whatever Mohammed bin Salman wanted it to do. On the surface, Saudi Arabia is committed to its Vision 2030 plan that proclaims a desire to normalize relations with Iran (this has started) and move away from the current reliance on oil revenues and toward a knowledge economy. That’s all very nice. But conflict will arise in that region, as it always does, and when it does, Trump will serve the master who bailed him out of legal hot water.

Or suppose the Netanyahu government put up the dough. People are plenty critical of Joe Biden now, and rightly so, over the money we’re giving to Israel and the absence of conditions imposed on that money so that Israel can commit atrocities on a massive scale. But if you think it can’t get worse, think again. Trust hard-right Israeli Security Minister Itamar Ben Gvir, who said earlier this month: “Instead of giving us his full backing, Biden is busy with giving humanitarian aid and fuel, which goes to Hamas. If Trump was in power, the U.S. conduct would be completely different.”

Of course, Trump’s benefactor need not be a foreign nation. What if, as Weissman posited to Lawrence O’Donnell Thursday night, it was Elon Musk who ponied up the dough? Or Peter Thiel? Or a consortium of Texas oilmen? Or the Mafia? Obviously, Trump would willingly accept the money from any and all of those sources. How nice would that be, to have a president who hardly made a move without anticipating their reaction?

Lara Trump argues that rank-and-file Republicans will be perfectly happy for their donations to the Republican National Committee to go to paying Trump’s legal bills, and the Trump-era Republican Party is such a warped, freakish imitation of a normal political party, so smothered in cult-worship, that she’s probably right. But even so, rank-and-file Republicans can’t begin to cover more than a fraction of this.

The other hypothetical to consider here is of course that it’s entirely possible that Trump won’t pay at all. After all, as we know all too well, if there’s a law or rule to flout, Trump is there to flout it and dare the system to catch up with him. So this all might be moot, which speaks only to how brazenly lawless the man is.

But if he decides to post the bond, and if all this reporting is correct that he doesn’t have the money himself, he’s going to have to get it from someone. And whoever that someone is will claim a mighty stake on what remains of the mind of the man who might be the president of the United States.

The big headlines Friday morning concerned Fulton County District Attorney Fani Willis and the combative testimony Thursday she offered concerning her affair with Nathan Wade. But that wasn’t the big story of the week on the Donald Trump legal front. In fact, it may have been about fifth.

What’s bigger? Let’s start with Judge Aileen Cannon’s decision to deny Trump’s attorneys’ bid to delay pretrial motions in the case she’s hearing, about Trump’s removal of classified documents from the White House. Cannon, you’ll recall, was appointed by Trump.  After the documents case landed so unserendipitously in her lap, she made a series of nakedly pro-Trump rulings; the 11th Circuit vacated one order of hers that would have helped Trump delay the proceedings. She also blocked federal investigators from examining the material seized by the FBI, a decision eviscerated by legal experts. So maybe she’s gotten the message that she’d better be a real judge, not a sycophant.

Trump also was dealt a blow this week when Juan Merchan, the judge in the Stormy Daniels hush-money trial, dismissed another attempt at delay by Trump’s lawyers. That trial will start, as scheduled, on March 25.

And—no, it doesn’t stop!—another judge, Arthur Engoron, is supposed to hand down his decision in the penalty phase of the civil suit brought by the New York attorney general against the Trump Organization. AG Letitia James is seeking $370 million. There are reasons to think that that number may be on the low end of where Engoron will land.

But for my money, the worst part of Trump’s week came in the filing by special counsel Jack Smith to the Supreme Court in response to the Trump team’s request for a stay on that trial, which is the January 6 insurrection case. In a 40-page filing, Smith and his attorneys dismantled Trump’s arguments one by one. Smith had until February 20 to file this response, but he did it eight days early and he means business: “The charged crimes strike at the heart of our democracy.  A President’s alleged criminal scheme to overturn an election and thwart the peaceful transfer of power to his successor should be the last place to recognize a novel form of absolute immunity from federal criminal law.  Applicant seeks a stay to prevent proceedings in the district court from moving towards trial, which the district court had scheduled to begin on March 4, 2024, before applicant’s interlocutory appeal necessitated postponement of that date.  Applicant cannot show, as he must to merit a stay, a fair prospect of success in this Court.”

Why is this filing so important? Three reasons. First, Smith urges the Court to act quickly. He still wants the trial to start in March. If the Court agrees, picture it: Trump on trial in two separate courtrooms, on charges that strike precisely at the heart of the two biggest manifestations of his moral turpitude: In New York, as a private citizen, as a man, who treats women like garbage; in Washington, as a public, um, servant who mocks the Constitution and believes that no law applies to him. It will be perfect stereo spectacle for Americans to spend the spring observing.

Second, while it’s true that we’re dealing with a very politicized Supreme Court here, and it’s obvious that at least two justices (Samuel Alito and Clarence Thomas) will rule for Trump on just about anything, Smith’s response makes a very strong set of arguments that should appeal to at least some of the Court’s conservative originalists. “The Framers,” Smith writes, “did not provide any explicit textual source of immunity to the President.”

And third: The Smith case is the most important of all, for the simple reason that inciting the January 6 insurrection is the worst thing Trump has done. Granted there is stiff competition for his most mortal sin. But egging on a crowd to overthrow the government and hang your own vice president still takes the cake. If Smith succeeds in convincing the Supremes to expedite this case and goes on to win a pre-election conviction, that ought to seal Trump’s fate. Some recent polls have shown that swing state swing voters would be highly disinclined to vote for Trump if convicted of a crime.

We’ve seen the conventional wisdom turning on this question in recent weeks. Last year, the standard media line was to say that all the indictments were helping Trump, which was true if you were talking only about Republican primary voters. But now the attention of the media and of pollsters is turning toward general election voters, and they see matters differently.

Every one of these cases is important because each one points to a grotesque deficiency of character that demonstrates why Trump should never be president again. But the insurrection case is the first among equals. A conviction in this case before November 5 really should be the end of the road for Trump. It all depends on the Supreme Court agreeing with Smith’s motion this week. He made as strong a case as could be made.

This article first appeared in Fighting Words, a weekly TNR newsletter authored by editor Michael Tomasky. Sign up here.

Not long ago, a video surfaced of House Speaker Mike Johnson appearing before the National Association of Christian Lawmakers. He told a tale of how the Lord came to him in a series of visitations and “began to wake me up … in the middle of the night” to prepare him for a mighty role. The humble Johnson fancied himself an Aaron, Moses’s sidekick. But in time, in Johnson’s telling, the Lord made it clear to him that he was Moses, and He urged M.J. to be prepared, because “we’re coming to a Red Sea moment.”

Well, Moses, it looks like the Red Sea just crashed down on your head.

If this blockhead has the Lord’s blessing, I’d sure hate to see where he’d be without it. Just three and a half months into the speakership, he’s making Kevin McCarthy look like Cicero. It was just hilarious to see him have to announce on the Alejandro Mayorkas impeachment vote that the “ayes” were 214 and the “nays” were 216 and “the resolution is not adopted.” And minutes later, a stand-alone Israel aid bill failed, with 14 Republicans jumping the leaky Ship Johnson.

The week has been humiliating for Republicans on many fronts. Donald Trump had his preposterous immunity argument mercilessly shot down by the D.C. Circuit Court of Appeals. Mitch McConnell was forced to pull an embarrassing about-face on the border bill, voting against a bill that he’d been promoting for weeks. Even Nikki Haley found a new way to shame herself, losing 2-to-1 in the Nevada primary to “none of these candidates.” Trump did seem to secure a coming win in the Fourteenth Amendment case, but that was largely expected, and it happened in spite of his lawyer’s awful performance.

These things aren’t accidents. They’re all part of the same pattern and are happening for the same reason.

Republicans today are consumed by this primal need for immediate gratification. They’re the party of the dopamine rush. Go read an article about the brain, and you’ll learn in five minutes that dopamine helps regulate pleasure, and pleasure is great, but too much dopamine leads to delusions, hallucinations, schizophrenia, psychosis. The entire party has a massive and collective mental disorder, a severe chemical imbalance in what remains of its collective brain, which explains why it kneels so slavishly before a psychotic man with the emotional regulation of a 5-year-old.

Like rutting ungulates, they are incapable of anything remotely resembling thought and respond only to the stimuli right in front of their noses. Deliberation, caution, calm reflection … these are the qualities that most of us have in more or less equal measure to the desire for gratification. These are the qualities that are most in harmony with the habits of democracy. To be small-d democratic is to deliberate; to think things through a little. This country’s Founders believed profoundly in this, which is why they built so many choke points into our democratic processes (too many, as it turns out). They wanted future generations to think stuff through.

But these people are stuck in the land of anti-thought. And because that’s where they live, it means that in many respects it’s where we all have to live, because that’s where a lot of our national debate plays out.

The border debate is a perfect example. There are a lot of problems with U.S. border policy. Undoubtedly some of them are the fault of Democrats. It’s reasonable that people should want more control over the border. But at the same time, it’s a complex problem, and any real solutions are complex too. Oklahoma Republican Senator James Lankford, to his credit, tried to acknowledge that reality. And what happened? He was brutally shut down. It was chiefly Donald Trump, but it wasn’t only Trump. One right-wing talk radio host threatened to “destroy” him.

But it’s not just the border. It’s everything. The Mayorkas impeachment. I suppose there are many grounds from a conservative point of view on which to think he’s doing a lousy job. That’s fine. But a high crime or a misdemeanor? Ridiculous. That doesn’t matter, though. The mere word impeachment makes the mules rut, and there ends the discussion.

James Comer and Jim Jordan are another primo example. They just go on Fox and Newsmax and say shit. It’s not about facts or methodically building a case. It’s all about the dopamine rush of being on national television and saying titillating things that rile people up and get the checks rolling in. When they have to walk it back two days later, nobody cares. In fact, they’ve accomplished what they wanted to accomplish, which is to add to the general picture of murkiness surrounding Hunter Biden or whatever. And they walk out of that studio feeling eight miles high.

And that’s where our political debate takes place now. It used to be that dopamine-rush politics was occasional. Both sides did it on issues that clearly worked to their advantage, as Democrats still do. But with the GOP today, that’s all politics is. The immediate gratification of having scored a point, trolled a lib, won a little wedge of Fox airtime—and most of all pleased Donald Trump.

No one could succeed in this degraded and juvenile context. Not even Moses. I hope the Lord levels with Johnson soon.

We learned this week, via Jonathan Lemire and some Politico colleagues, that Joe Biden uses salty language about Donald Trump in private. He’s a “sick fuck” and a “fucking asshole.” During his Valley Forge speech commemorating the January 6 insurrection, the president almost let it slip in public: “At his rally, he jokes about an intruder, whipped up by the Big Trump Lie, taking a hammer to Paul Pelosi’s skull. And he thinks that’s funny. He laughed about it. What a sick …”

The White House declined to comment for the record, but this was obviously put out there by administration sources just to test the reaction. Well, here’s mine: Biden should just go ahead and say it publicly. Not all the time of course. But once or twice. It won’t hurt. Most likely it will help. Might help a lot, in fact.

This is so for two basic reasons that people in politics sometimes forget about inside their pressure bubbles. The first is that it’s genuine. If it’s what he thinks, then he ought to just own it. People hear politicians calibrate their words every day (well, except Trump, but even he does it sometimes, notably with respect to a federal abortion ban). To hear someone just let it rip is refreshing.

Reason two? A hell of a lot of people agree. The ones who don’t are loud and enraged, and they command not one but three propaganda television networks (Fox, One America, Newsmax). But I’m betting that your average American—middle class, not very political, guided by conventional morals and values, not angry at either Taylor Swift or Travis Kelce—thinks Donald Trump is a sick fuck.

The success of such a play would depend on the evidence Biden would introduce to reinforce the label. It can’t be political. He led an insurrection? No. That’s partisan. He separated children from their parents and kept them in cold barracks with Mylar blankets? That’s plenty bad, but it’s still just politics.

The best evidence is above politics. Like Trump’s habit of insulting soldiers. Biden hit the right note in the Valley Forge speech: “[Trump] referred to those heroes, and I quote, as ‘suckers’ and ‘losers.’ He actually said that. How dare he say that. How dare he talk about my son and all like that. Look, I call them patriots and heroes. The only loser I see is Donald Trump.” (Biden believes son Beau’s brain cancer, the cause of his death, stemmed from his exposure to burn pits in Iraq during his service.)

The Paul Pelosi story is a pretty good piece of evidence too. Yes, the name Pelosi will set off the inevitable bells on both sides. But I doubt many swing voters think it’s OK to joke about taking a hammer to an 82-year-old man’s head. We might throw in what Trump said about John McCain back in 2015 (“I like heroes who weren’t captured”).

Trump, as we know, leads Biden narrowly in most polls (and in some state polls, not so narrowly). At the same time, large majorities agree that Trump is a lawless and reckless and just bad human being.

Here are some poll results from last summer, which are in line with a ton of other polls. Popularity—unfavorable, 60 to 38 percent. Does Trump think he’s above the law? Yes, 63 to 37. Do you support or oppose Trump’s indictments? Yes, 53 to 39. Do you think Trump has committed a crime? Yes, 62 to 32. And the most germane one here, is Trump fit for office? No, 58 to 42.

Why, you might ask, is a man with those numbers leading in polls? First of all, because Joe Biden is 80. If Biden were 75, he’d be six, seven points ahead, no question about it. And second, because those average swing voters have forgotten everything they didn’t like about Trump, while they see every day the things they don’t like about Biden—his age, and his inflation (although things are improving considerably on that front).

This campaign—and not panicking about January’s head-to-head polls—is going to be an exercise in reminding those voters of the things they hated about Trump. In some ways, Trump will do that work himself. He’s already doing it, defaming a woman he raped, misbehaving in courtrooms, getting convicted of more crimes (we hope), ranting against the legal system, the one venue where his bullshit doesn’t fly. By late October, a lot of people will have observed his campaign-season antics and be asking themselves whether they really want this moral baboon in their faces for another four years. (It occurs to me that’s an insult to baboons.)

But a lot of the work will have to be done by Biden and the Democrats. Trump’s lie to the American people about the seriousness of the coronavirus. His serial bragging about getting rid of Roe v. Wade. His love of Vladimir Putin. His increasing dementia, far worse than Biden’s. And his basic sociopathy and inhumanity. If driving home that last point home means Biden should use a rather unpresidential noun here and there, well, fuck it.

The political conventional wisdom is hard to define sometimes. Usually it’s one of those things that’s just there, like your body temperature. You feel it but don’t notice it. And then, bam, you feel hot, you get the chills, and that’s the moment you know you’re getting sick. Something has shifted, and suddenly you notice this thing you rarely think about.

That’s how this week felt with regard to the conventional wisdom. A week ago, Donald Trump was the clear favorite to win in November, and of course he may yet—the polls are close and will remain so. But also, a week ago, Trump had a lot of wind in his sails coming off his smashing Iowa win, and Joe Biden was a doddering old man with a mixed-at-best economic record.

There was no huge sea change this week. But there’s also no question that those scripts started to flip, in two important ways.

First and most important, Trump is now the one doddering his way toward dementia. He has been for a while, but the Nikki-Nancy moment, and Nikki Haley’s subsequent attack on Trump, finally forced the media to make Trump’s mental state into a running narrative. The column I wrote Monday about this did monster traffic, which I note not to boast but by way of observing that the readership means that a lot of people were obviously thinking the same thing.

On Morning Joe, cable’s most influential show in setting the conventional wisdom, they’ve been just merciless about Trump’s addled brain. The Biden campaign put together a very funny ad mocking Trump. And over the rest of the week, Le Grand Orange (apologies, Rusty!) did not disappoint. There was that nutso social media binge against E. Jean Carroll—37 posts in two hours, Wednesday night. Then there was his ridiculous testimony at the Carroll defamation trial, where he was on the stand for three minutes and managed to defy the judge’s instructions twice. Then there was his absurd whining Thursday as he left the courtroom, repeating three times, “This is not America.” No, asshole, this is actually the best version of America. A courtroom is the one place where your lies and slander don’t fly.

Trump’s brain is turning into Jell-O before our eyes. No, not just Jell-O, but one of those ’60s Jell-O molds your mother (or grandmother) made, with cottage cheese and fruit and chunks of canned tuna and olives and a few mystery ingredients for good measure. And it’s not like there’s any chance he’s going to be pulling himself together. The pressure is building, and fast. This month, two judges, Lewis Kaplan in the Carroll case and Arthur Engoron in the fraud case, will announce the size of the damage awards they want Trump and his businesses to pay in those cases. Carroll seeks $10 million. New York Attorney General Letitia James seeks $370 million in the fraud case.

Neither judge seems especially seduced by Trump’s alleged charisma. So let’s say Kaplan socks him with $15 million and Engoron with, oh, $450 million. Hardly implausible. Both are supposed to happen within a matter of days.

Then there’s the campaign trail. Trump is going to win the GOP nomination, sure, but Haley has stepped up her attacks—apparently realizing that now that it’s a two-person race, the only chance she stands is to finally go after her opponent, especially now that he’s calling her “Birdbrain” and mocking her fashion choices. “I know that’s what he does when he is threatened, and he should feel threatened, without a doubt,” she told a South Carolina crowd.

Trump will dispatch Haley in the February 24 primary in that state—and then, possibly, he’ll turn right around and face Jack Smith’s prosecutors in a Washington courtroom the next week. The trial date is March 4, although that’s up in the air, pending the resolution of a pretrial motion. So Trump’s going to be winning primaries—that is, inside the hall of mirrors that is the Republican Party faithful—while out in the real world he’s going to be losing in court, and losing what’s left of his mind. Now that Trump’s mental condition is fair game, he’s just going to deteriorate even more—a self-reinforcing downward spiral into the quicksand of his cankered soul.

The second change, even more important albeit less fun to talk about, has to do with the reality—and the perceptions—of the economy. I won’t throw a bunch of numbers at you, but: gas prices down, Dow setting a new record above 38,000, and a great (not good—great) GDP report this week. More important still were those recent numbers showing that consumer confidence is up more over the last two months than during any two-month period since 1991. Think about that. Thirty-three years. In 1991, Taylor Swift and Travis Kelce were being potty-trained (though not together!), and Patrick Mahomes wasn’t born.

All this is why Punchbowl News, a reliable reflector of conventional wisdom, led its Friday morning newsletter with “Dems get ready to run on the economy.” Think they would have done that even a week ago?

And by the way, what is Trump’s reaction to this? To say he wants the economy to crash. He wants Americans to lose jobs and health care and houses and small businesses. If that’s not fodder for a 30-second ad, or about a dozen of them, Democratic operatives are more asleep than usual.

This is even more important than Trump’s personal meltdown because most people still vote on the economy. They form their views and reach their conclusions three to six months out from the election, which is the next few months. If these two new narratives—Trump is demented, and the economy is strong—settle into conventional wisdom, the way we talk about this election may be very different indeed by Memorial Day.