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Trump Has His Own Debt Problem


What a surprise! They make a deal on the debt ceiling and still have 4 days to sell it to their members. Which means that for the next couple of days the alt-right shitheads in the GOP House caucus can rant and rave about how the leadership is selling them all down the river and giving in to the Deep State Commies and queers to keep the government running for another couple of years.

Meanwhile, how come we haven’t heard a word about the so-called debt ‘crisis’ from the guy who claims that he’s the real leader of the GOP?

I’m talking of course about Orange Shithead who has been remarkably quiet about the ministrations in D.C. because his only concern seems to be peddling some stupid book which allegedly contains letters that he’s received from “countless world leaders, celebrities, athletes and business leaders who shaped the United States, and the world!"

What you really need to do is read some of the Amazon customer reviews which are being used to promote this ninety-dollar literary masterpiece. And since the book is evidently published by a company owned by Trump, it will immediately be listed as a best-seller and by the way, you can pay a thousand bucks and get a copy signed by Trump himself!

Meanwhile, I notice that Trump’s fundraising totals between January and the end of March seem to be flopping along at a level which makes me wonder how serious anyone can take him as a bone fide candidate for 2024. Most of the money he’s raised has come from something called Trump Save America Joint Fundraising Committee, which appears to be a website claiming to help Trump compete with the ‘Soros Money Machine.’

I must say, some of these ‘hardworking patriots’ are really dipping deep into their pockets and pocketbooks to help Trump’s campaign. One donor, a lady from North Carolina, made 13 contributions on January 31st for a grand total – ready? - $472 bucks! Which averages out to $36 a pop, including 6 separate donations between $1 and $5 bucks. This lady must be one of those big ‘bundlers’ which the Trump campaign is banking on to replace mega donors like Miriam Adelson, Steve Schwarzman and Larry Ellison who have jumped off the Trump ship.

Meanwhile, cozying up to the big money crowd isn’t Trump’s biggest financial challenge right now because what he may be facing, along with criminal indictments in Georgia and from the investigation by Jack Smith, is the delisting of his Truth Social stock by Nasdaq which is held by a company known as Digital World Acquisition Corp., or DWAC.

In March, 2022 the stock was selling at $97.54 a share. But nobody was buying it and now a share is sitting at $13.03. That’s only a drop of some 86% overt the past 15 months – so much for how Orange Shithead still likes to talk about all the great deals he’s made over the years.

But the DWAC deal may about to become unstuck thanks to a notice sent out to the company by the Listing Qualifications Department of NASDAQ which states that the company has not filed its quarterly report (10-Q) for the quarter which ended on March 31st, and if the report is not received by July 24 or if NASDAQ doesn’t receive an explanation for the failure to provide a report by that date, then DWAC will be what Grandpa would call ‘fartig und toyt,’ (read: finished and gone.)

The company immediately responded to NASDAQ by stating that it “is continuing to work diligently to finalize and file the Form 10-Q as soon as possible before July 24, 2023.” What‘s the company supposed to say? That it’s not working diligently to meet NASDAQ’s request? [Thank you Paula.]

DWAC’s response is like what every attorney says when his client is reported to be under investigation by some law enforcement agency: - ‘We’re cooperating fully with the investigation.” As if the lawyer would admit that his client isn’t cooperating, right?

Drip---drip---drip. Slowly but surely the aura which surrounded Trump when he announced his first Presidential campaign in 2015 is beginning to fade away. What’s replacing it is what ultimately happens to what Andy Warhol (or someone else) called the “fifteen minutes of fame.”

Because when those fifteen minutes or fifteen months or fifteen years come to an end, nobody’s going to donate more than a buck or two bucks to your next campaign.

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