Saturday Report 10/10/26 — Where is the missing $50 million? Maybe look for piles of cash in the bathrooms at Mar-a-Lago?

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— Donald Trump woke up from a nap in the Oval Office this week just in time to remember Vladimir Putin’s birthday. While his own Treasury Secretary was speaking, Trump nodded off at his own event, then perked right up to announce he had a call scheduled to wish his mentor (my word, not his) a happy 74th. By Friday we learned what the birthday boy got. Trump crowed on his Nazi-infested social media site that us taxpayers will buy five million tons of diesel — a deal worth billions to the Kremlin’s deeply troubled war chest — at today’s record-high prices. As a sweetener, a birthday cupcake you could call it, Trump ordered his Treasury Department to suspend sanctions on Russian diesel for the next half-year. And he and little Marco Rubio are going after the International Criminal Court, which has indicted Putin, and are trying to quite literally destroy it. And, shortly, Ka$h Patel will be visiting Moscow. Bizarrely, this all happened just a few weeks after he signed Lindsey Graham’s Russia sanctions bill. This is the same Putin whose government, US officials have confirmed, is providing Iran with detailed, specific targeting information on American troops, ships, and planes that’s been used to kill our service members. It’s the same Putin Trump’s invited to December’s G20, which he’s holding, corruptly, at his own shabby golf resort motel in Florida. Ukraine, meanwhile, was told no by Trump and Vance (who called it one of his “proudest moments”) when Zelensky asked for Patriot interceptors to stop Russian missiles from daily killing its civilians, a war crime. How much more of this treasonous behavior will the American people, and the congressional Republicans — who swore an oath to the Constitution rather than to Trump — tolerate? The Capitol switchboard is 202-224-3121. Ask them.

— Time magazine interviewed the President of the United States, wrote down twelve things he said, and then had to publish a second article explaining that most of them weren’t true. Raw Story has the rundown. Trump told the reporters he won 86 percent of the popular vote (it was 49.8 percent). He said he’s at 99 percent approval in Israel. He said his convention speech drew 107 million viewers and beat the NFL opener (Nielsen says he had 2.5 million viewers against football’s 25.1 million). He said Iran’s inflation is 300 percent (it’s 83.8) and blamed the American press for the idea that his war would be over in four or five weeks, something he promised in the early days of the war (originally it was going to be “a few weeks”). Time’s fact-checkers described Trump’s popular vote whopper by gently saying, “He’s conflating two figures.” Conflating is what Grandpa does with the grandkids’ names at Thanksgiving. How much longer will our media continue to tuck his blatant, daily lies into a polite sidebar while the lies themselves get the headline? This has been going on since 2015; no wonder we’re in such deep trouble and our democracy is in such a crisis. Our media needs to grow a damn spine.

— Trump’s meme coin buyers have lost 97 percent of their “investments,” so naturally he’s throwing another dinner to sell more of them. As Lisa Needham lays out at Aaron Rupar’s Public Notice, the top 185 holders of $TRUMP will “win” seats at a November 22 gala at his Virginia golf club, complete with a swag bag of Trump cologne, and the four biggest buyers get an 18-karat gold Trump watch. The so-called coin peaked above $73 and now trades around $1.79. Trump is making billions off crypto while the suckers who bought his and Melania’s meme coins were out $3.81 billion by the end of June. But wait: there’s more! While regular buyers are being told to hold tight for a shot at being invited to this super-special dinner, the coin’s biggest insider wallet has moved tens of millions of dollars’ worth of them into a position to sell. One investor who’s lost $400,000 summed it up, saying, “The grift continues until morale improves.” In fact, there are two kinds of buyers for these “collectible” tokens: suckers and people — including foreigners — wanting to buy influence or pardons from Trump. The Founders had a word for this (emoluments) and so does the criminal code (bribery), and if Republicans in Congress had even the faintest semblance of integrity they would shut the whole grift down tomorrow. Vote!

— The bond market, which doesn’t watch Fox “News,” is telling us what it really thinks of Trump’s America. Bloomberg reports that something called the “term premium” — the extra interest investors demand before they’ll lend Uncle Sam money by buying 10-year bonds — has shoved Treasury yields to a 24-year high. As a result, we’re all paying more for mortgages, car loans, and credit cards because America’s lenders (Treasury buyers) don’t trust Trump, Bessent, and the Republicans who control Congress and keep borrowing trillions to give to Trump and his billionaire buddies as tax breaks. There are energy shocks from Trump’s illegal (and stupid) war on Iran leaving oil stuck above $100 a barrel, as well as a $2 trillion federal deficit just so far this year. This is the end product of 45 years of Reaganomics, decades of GOP lies, and an accumulated $40 trillion in tax breaks for the morbidly rich and giant corporations. We need to tax the morbidly rich like we did when America built the world’s largest middle class, strengthen the social safety net, and stop starting illegal wars that we can’t even afford to pay for.

— Somebody seems to have misplaced fifty million dollars, and nobody in Trump’s orbit is in any hurry to find it. A decade ago, Congress set aside money for an America 250 celebration of our anniversary, but Trump ignored that (other than taking the money) and created his own, privatized “Freedom 250” celebration as a new grift to squeeze millions out of major donors like Chevron, United Airlines, and the defense giant RTX. Now documents uncovered by the watchdog group PEER discovered that the events cost $128 million and at least $114 million of that came from our tax dollars, even though The Wall Street Journal says the “donors” kicked in at least $50 million and (my guess) probably much more. Trump passed out that money to his contractor friends with no competitive bidding whatsoever, and now refuses to say who gave him money, or how much, or even where the money went. Democrats suspect he just turned it into another slush fund for himself and his family; perhaps they should look for piles of cash in the bathrooms at Mar-a-Lago?

— The people building artificial intelligence are holding private rehearsals for the day it hurts a whole lot of us. Axios reports that top executives at Anthropic, OpenAI, and other AI companies are gaming out what happens after a catastrophic AI event, “most likely a cyberattack,” that could knock out banking, the internet, or even power and water. Axios reports that industry insiders told them they expect “something big” within the next six to twelve months. But when Mediaite dug into it, they concluded that this is really more PR planning than anything else; handling the public and political revolt and a panicked Congress. Trump, who is now heavily invested financially in AI, calls the danger a “hoax” and says the industry should just police itself. You know, like tobacco, asbestos, the Pinto, leaded gasoline, Oxycontin and the Sacklers, and the banks in 2008. That’s always worked out so well for America. Even some Republicans think that’s nuts; there’s already a bipartisan bill requiring a kill switch on advanced AI. Pass it now, while the lights are still on.

— Having lost at the Supreme Court, Trump has decided to hold his own trial of Lisa Cook at the White House, with his own appointees as the jury. The Supreme Court ruled against him in June when he tried to fire the nation’s first Black female Federal Reserve governor. So this week he signed a memo creating a “committee of inquiry” made up of his economic adviser, his EEOC chairman, and his ethics director, who will decide Cook’s fate. As the Guardian reports, she’s being summoned to a kangaroo court that will be closed to the public, capped at four hours, and held on November 5, two days after the midterms, when it’s too late to piss off voters. In an administration that fired the Black chairman of the Joint Chiefs and the first woman to lead the Navy, it appears that her race and gender are her real offense. The Senate confirmed her; the Senate should defend her. But don’t count on the Trump lickspittles and cowards (and probably quite a few racists and misogynists) in today’s Republican-run Congress to do squat.

— Hypocrisy Alert! The senator who sued new mothers over medical bills as small as $101 apparently doesn’t pay for his own cookies. Holly Thomas, who owns Holly’s Sweet Treats in Hutchinson, Kansas, says Senator Roger Marshall’s campaign took delivery of $678.75 worth of cookies and treats for his 2020 primary watch party and never paid for them. She’s been calling and emailing Marshall — without any response — as she was then a brand-new business owner trying to survive the pandemic. This is the same Senator/Dr. Marshall whose OB-GYN practice, the New York Times found, sued more than 700 of his female patients — many of them low-income people — and charged them 18 percent interest. He even had 81 of them arrested after missing court dates in those cases. He calls that reporting a “hit job.” At the 18 percent he charged his patients, Holly’s invoice would be north of $1,400 by now. Congress abolished federal debtors’ prisons way back in 1833, and that principle is supposed to work the same way for a working mom with a hospital bill just the same as it does for a senator with a bakery invoice. But this is Republican-run America, where we’ve got one set of rules for the rich and powerful and another for everybody else. Kansans get to settle this particular account on November 3.

Comments on Friday’s Daily Take:
Trump Is Building an Election Trap, and Millions of Americans May Not See It Until It’s Too Late

Eyes wide open everyone. The January 6, 2021 coup is ongoing. It’s never stopped. The Trumpist/Fascist ideology to grab and consolidate all power is far closer to completion than our political “leaders” want to see or admit. So it’s on US to stop and reverse the coup — through the ballot and a sustained mass movement to fulfill the promise of a real democracy and justice for all.
~ Chuck Pennachio

Are we becoming like Russia? It’s a legitimate question. Will November 3 be the beginning of the end of a nightmare or mark the further descent into horror?
~ Sam Myovich

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Thom Hartmann’s Well-Read Troublemakers Book Club

The October book of the month is The Hidden History of American Healthcare: Why Sickness Bankrupts You and Makes Others Insanely Rich, by Thom Hartmann. Buy a copy or the Kindle edition.

Other countries have shown us that affordable universal healthcare is not only possible but also effective and efficient. Taiwan’s single-payer system saved the country a fortune as well as saving lives during the coronavirus pandemic, enabling the country to implement a nationwide coronavirus test-and-contact-trace program without shutting down the economy. This resulted in just ten deaths, while more than 500,000 people have died in the United States.