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Big Money Trump Inaugural Donors Are Fleeing the President and Donating to Democrats: Report

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According to a report in the Daily Beast, major donors who contributed to Donald Trump’s inauguration not only want no part of the president now, but are also contributing to possible Democratic presidential contenders.

The report starts off by noting, “15 such donors who collectively gave more than $700,000 to Trump’s inaugural committee but who have since contributed to the presidential campaigns of Democratic candidates including Buttigieg, Joe Biden, Elizabeth Warren, Cory Booker, Tulsi Gabbard, Amy Klobuchar, Michael Bennet, John Hickenlooper, Eric Swalwell, and John Delaney.”

While many wealthy political campaign contributors are known to give money to both Democrats and Republicans as a way of hedging their bets and keeping the door open for access, many of the Trump donors are rock-ribbed Republicans who have tired of the president.

“It had only been a couple years since [Jennifer] Pritzker, the world’s only known trans billionaire and a Republican mega-donor, had chipped in a whopping $250,000 to President Donald Trump’s inaugural committee,” the report states. “But three months after publicly objecting to the GOP’s stance on trans issues, she gave $1,000 to Democrat Pete Buttigieg’s presidential campaign.”

According to Pritzker, a retired U.S. Army lieutenant colonel, her change of heart stemmed from the administration’s stance on trans rights.

“I’ve grown frustrated as I watch this Republican administration push to ban transgender military service. Anti-transgender platforms are causing me to evaluate my party support,” Pritzker wrote in a Washington Post op-ed. “I have hoped the Republican Party would reform from within and end its assault on the LGBTQ community. Yet, the party continues to champion policies that marginalize me out of existence, define me as an eccentric character and persecute me for using the public restrooms that correspond to my gender identity.”

The report notes that Pritzker has previously not only contributed to Trump , but also to Republicans Ben Carson, Marco Rubio, Jeb Bush, and John Kasich.

“Chrysa Tsakopoulos Demos, the chief executive of California land development company AKT Investments, is a longtime Republican donor who backed Sen. Ted Cruz’s bid for the 2016 Republican presidential nomination. She donated $5,000 to the Trump inaugural, and continued donating to Republicans through 2018, including House Minority Leader Kevin McCarthy, the National Republican Congressional Committee, and Great America Committee, Vice President Mike Pence’s political group,” the G Beast report, before adding, “But Demos’ only federal political contribution so far in the 2020 cycle is the $2,800 she donated last year to Biden’s presidential campaign.”

The report states that Greg Maffei, the chief executive of the Colorado-based media company Liberty Media, was a “$250,000 donor to the Trump inaugural who is backing Democrats in 2020.”

“This time around, though, Maffei has supported the two Democratic presidential candidates from his home state. In March 2019, he gave the per-election maximum of $2,800 to Hickenlooper, the former Colorado governor,” the Beast reports. “Two months later, after a max-out donation to Republican Sen. Cory Gardner, Maffei donated $100,000 to a super PAC supporting Hickenlooper. After Hickenlooper withdrew from the race, Maffei donated the legal maximum to Bennet’s presidential campaign.”

You can read about more high dollar contributors bailing on Trump here.

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‘Makes Me Want to Throw Up’: Investor in New Trump ‘Truth’ Network Is Out Now That He Knows It’s a ‘Fake News Business’

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The launch of Donald Trump’s new social media company “TRUTH” has hit another bump in the road as some early key investors are pulling out after discovering he is one of the principals behind itwhich they were unaware of at the time they put money into the start-up.

As the New York Times reported, “The details of Mr. Trump’s latest partnership were vague. The statement he issued was reminiscent of the kind of claims he made about his business dealings in New York as a real estate developer. It was replete with high-dollar amounts and superlatives that could not be verified.”

According to a report from the Huff Post’s Ed Mazza, one hedge fund manager lashed out when he found out about Trump’s involvement.

As Mazza reports, “[Boaz] Weinstein’s Saba Capital had been a major investor in Digital World, a special purpose acquisition company (SPAC) formed for the purpose of acquiring another company. As is common in SPAC arrangements, investors put their cash in before the acquisition target was chosen. When Weinstein learned it would be with Trump’s firm, he bailed.”

“I knew that for Saba the right thing was to sell our entire stake of unrestricted shares, which we have now done. Many investors are grappling with hard questions about how to incorporate their values into their work. For us, this was not a close call,” he explained.

Another unnamed investor, who reportedly held a 10 percent stake in the company, was considerably more graphic when talking about being taken in by Trump’s latest venture and he “sold everything as soon as he could,” reports Mazza.

“The idea that I would help [Trump] build out a fake news business called Truth makes me want to throw up,” they said.

You can read more here.

 

Image by U.S. Dept. of State via Flickr

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‘Act of War’: Trump Blasted for ‘Chilling’ Statement Calling Election an ‘Insurrection’

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Donald Trump, the twice-impeached former president, on Thursday issued what is being called a “chilling” statement on the election and the insurrection he incited.

“The insurrection took place on November 3, Election Day. January 6 was the Protest!” Trump said in a statement released Thursday afternoon.

Former Republican Congressman Joe Walsh simply and clearly calls it an “act of war.”

U.S. Rep. Jim McGovern (D-MA) during debate on the House floor has “repeatedly” been “calling on Republicans to denounce the Trump statement,” according to reporter Jamie Dupree.

“All my colleagues were elected on November 3,” McGovern said. “If you believe that Election Day was an insurrection, then your election results are illegitimate.”

McGovern is not the only one to blast the Trump statement:

Some journalists are also slamming the former president’s latest remarks.

S.V. Dáte, the White House correspondent at HuffPost weighed in, saying, “Donald Trump tried to overthrow American democracy after he lost his election by 7 million votes, but nearly a year later, he’s still lying. About all of it.”

Washington Post national political reporter Felicia Sonmez called it a “chilling statement … that makes clear his stance on peaceful democracy vs. violent insurrection.”

Washington Post White House bureau chief Ashley Parker pointed to the statement and said: “In which Trump’s shamelessness continues to be his political super power.”

ProPublica Senior Reporter Peter Elkind says: “This is the position of the widely embraced leader of the GOP. Republicans all behind that?”

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Trump’s New Social Media Site ‘Hacked’ Just Hours After Announcement

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Donald Trump announced Wednesday night he is launching TRUTH Social, a new social media site next year to fight “Big Tech,” because “We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been silenced.”

Within hours that brand new site, in a pre-launch state, was “hacked.”

“Trump announced he was launching a new media company, Trump Media & Technology Group, and its ‘Truth Social’ app,” Newsweek reports. “The ‘Truth Social’ app will begin a beta launch for ‘invited guests’ in November, with a nationwide rollout planned for early 2022, according to a press release.”

The Washington Post’s tech reporter, Drew Harwell, was hard at work late Wednesday night, revealing that accounts for Donald Trump and Mike Pence were either created by those who are not them, or those accounts were vulnerable and hacked.

The Daily Dot’s tech writer says he is the one who created the Donald J. Trump account:

Apparently Trump’s TRUTH agents were able to cut access to the vulnerable site:

 

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