Speaking in Wilmington, North Carolina Sept. 23, 76-year-old President Donald Trump defended his three adult children, Don Jr., Eric and Ivanka from the $250 million lawsuit from New York Atty. Gen. Letitia James. James claims that the Trump Organization defrauded New York state for 20-years, using valuation-and-devaluation schemes to inflate real estate values to insurance companies and banks, enriching themselves at the expense of New York taxpayers. James cites numerous cases of inflated real estate values, using Trump’s Palm Beach Mar-a-Lago estate as an example, one time listing the value at $75 millions while other times $750 million. James shows she and her prosecutors don’t know much about real estate valuation. James apparently hasn’t heard of iconic New York real estate developer William Zeckendorf Sr. who famously said value is what the “buyer is willing to pay.”
So when James and her prosecutors claim Trump has engaged in fraud, she need look no further that Zeckendorf to know that any piece or real estate can be sold for wildly different prices, despite the objective appraisers trying to determine value through various valuation approaches. Speaking on behalf of Senate candidate Rep. Ted Budd, Trump told the crowd that his MAGA supporters were not “terrorists,” claiming 79-year-old President Joe Biden was cognitively impaired, not fit for the presidency on the verge of getting the U.S. into WW III. No one in the media tells the truth about Biden, making abysmal judgments when it comes to the economy and foreign policy. Not since the Jimmy Carter era has the U.S. had runaway inflation, leading the U.S. and Europe to shrinking Gross Domestic Product [GDP] on both sides of the Atlantic. Biden takes no responsibility for the economy.
Trump’s speech disputed Biden’s latest attacks that Trump’s Make America Great Again [MAGA] movement are a threat to U.S. democracy. While Democrats and the press back Biden’s economic and foreign policy, Trump raised the issue of why the U.S. is at war with the Russian Federation and close to war with China. Saying Biden is cognitively challenged doesn’t come close to the abysmal decision-making that has turned the economy upside down and made the prospects of WW III reachable with the Biden White House. Biden “is cognitively impaired and in no condition to lead our country, which may very well end up in World War III,” Trump told his Wilmington audience. Why no respected member of Congress has not come out against Biden’s proxy war against the Russian Federation is anyone’s guess? Going to war against Russia has crushed the world economy.
No one in press is willing to admit that Biden’s proxy war against the Russian Federation triggered the inflation and recession, contributing to the global slowdown. After Russian President Vladimir Putin invaded Ukraine Feb. 24, Biden demanded that U.S. and its allies boycott all Russian oil and natural gas. U.S. only imported 5% of Russian oil, compared with 25% for the EU, even more for Germany. U.S. and EU watched oil and natural gas price spiral out-of-control after Biden’s Russian oil embargo. Putin cleverly went to India, China and other Asian countries to make up for the lost revenue from EU oil and natural gas sales. Biden demanded that China and India join the Western Alliance with crippling economic sanctions. Both countries told the U.S. to mind its own business, leaving Biden’s economic sanctions not working to stop Russia’s invasion of Ukraine.
When it comes to Trump’s complaints about Letitia James’ $250 million civil suit, most legal experts don’t expect it to do well in court. While most Democrat and the press are all in on James’ suit, they don’t care whether it lacks legal merit. Democrats and the media want to stop Trump, by whatever means, from running again in 2024. Biden shared with CBS “60 Minutes” host Scott Pelley last week that he wasn’t sure if he’d run again for present. Biden told Pelley that his intent was different from whether he’s actually run again. Since that interview, Democrats find themselves energized with new and old faces possibly throwing their hat in the ring. James thinks her lawsuit could stop Trump from running again. “Trump falsely inflated his net worth by billions of dollars to further enrich himself and cheat the system,” James said but showing no real proof for her charges.
Democrats and the press want to convict Trump in the court of public opinion. After all, who could doubt the $250 million civil suit against the Trump Organization? Democrats are all in just like with the Jan. 6 Select Committee report that will say before the 2020 Midterm elections that Trump planned and organized the riots. Whether there’s real proof or not is on no consequences to Democrats who want to accuse Trump with any high-crime-and-misdemeanor. “This crazy radical leftist nutjob James should be going after the killers, the gang-bangers, the drug dealers Trump told the Willamsburg, N.C. rally last night. Trump likes speaking at campaign rallies because he takes the liberty, apart from endorsing candidates, to defend himself against Democrats and the and the media that has stacked the deck against him. Calling his MAGA supporters “terrorists” has given the GOP new incentive to vote in November.
About the Author
John M. Curtis writes politically neutral commentary analyzing spin in national and global news. He’s editor of OnlineColumnist.com and author of Dodging The Bullet and Operation Charisma.
