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Friday
Aug212015

Trump: Watch the Money

Probably the most important part of the Trump speech in Alabama was the this major turn-around on political donations (see video). Every candidate who accepts campaign donations does it under the same pretenses Trump now appears to endorse. So you begin with a major premise -- "I'm rich enough to avoid manipulation by special interests (by spending my own money)" -- and you end up with the confession that it was all just unknowing populist bluster. And it says a great deal about Trump: he's got one eye on his ego and the other on his money. Business people would be crazy to run for election on their own money. You only promise that in two situations: when you are rich and your donations would otherwise be low. Now that you have vaulted yourself into potentially being the top donation recipient, the logic of finance kicks in and the rhetoric simply adjusts. I bet we are not far off from him selling campaign stuff, taking a page from the Clinton Store in 1992. And think about what the speaking fees will be if, after the election, he remains popular. There is a great business opportunity here.

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