The Busting of the Myth of Donald Trump’s Nusiness Genius
For now, Trump continues his legal fight in New York and characterizes the lawsuit as a political “witch hunt” by James. Compared with his four criminal indictments and more than 90 counts, it seems like business — or Trumpian politics — as usual.
But this time, the exposure of his financial shortcomings appears to bring extra pain to Trump, who hasn’t been showing much comfort with this case anyway.
It does little good for his own pride and reputation to be revealed as a mortal who unsuccessfully approached 30 surety firms to issue bonds to satisfy the court’s demands for upfront payment while Trump appeals. We’ve already seen that most U.S. banks won’t do business with Trump.
We’ve also seen Trump’s presidential campaign struggle to raise money from well-heeled donors, in part apparently because those money folks don’t want their donations used to pay Trump’s legal fees, according to The New York Times.
The question now is whether these blows to the myth of Trump’s financial prowess and wherewithal will hurt him on the campaign trail. If paying hush money to a porn star didn’t do it, it’s hard to see how this will.
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(E-mail Clarence Page at cpage@chicagotribune.com.)
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