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Trump's NYC hush-money trial: What to watch for
Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, DC, shares his perspective on US politics.
This is what we are watching in US Politics this week: Trump's trials.
Former President Trump faces or faced six civil or criminal actions against him in 2024, an election year. Two of which, civil finds that he was already found liable for. He's had to pay significant sums of money. Two of which, a case in Georgia and one in Florida, are very unlikely to start in this year, and one of which could start later this summer, this federal trial against Trump for election interference in Washington, DC. The final trial is set to begin next week. A trial in Manhattan for business records frauds related to hush money payments he made to a woman he was having an affair with before the 2016 election.
The key witness in this trial is Michael Cohen, Trump's former attorney, who Trump's going to try to discredit the testimony of by saying, “He's a liar, he's out for publicity. But the evidence against Trump is pretty damning here. There's almost no, it sure looks like he committed this crime. However, the allegations will have to be proven in court. Trump could win this case and the jury could decide to throw out the corroborating evidence. There's a lot of ways this could still go in Trump's favor. And if it does, that will be a significant win for Trump, because a significant portion of the electorate is telling pollsters today that if Trump is found guilty of a crime before the election, they would be less likely to vote for him.
Trump support drops by about ten percentage points in a New York Times poll from earlier in the year, based on whether or not he's found guilty. And these are really high stakes, drama for Trump. One of the key political inoculates Trump has is that the trial could be over quickly. He also is going to make the case that this is a politically motivated witch hunt and that Alvin Bragg, the Manhattan DA, is out to get him and stop him and undermine him because he's a Democrat. That message is certainly resonating with Republicans. The key question for Trump's election campaign is, “Does that message resonate with independents, or do they continue to see the criminal charges against Trump as being disqualifying?”
The trial starts next week. We'll find out what happens.
How Trump's money problems could affect the 2024 election
Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, DC, shares his perspective on US politics.
This is what we are watching in US Politics this week: It is Trump's money.
At the same time this week, his meme stock is going bananas with an IPO of Truth Social. The markets don't know what to do it. With valuation fluctuating wildly throughout its first two trading days. But no matter what, it seems likely to increase Trump's net worth by several billion dollars. Unfortunately, a lot of that money will be locked up in equities in uncertain valuation for some time, which will make it hard for Trump to use the money to shore up his struggling campaign funds.Trump has roughly a third of the cash on hand as President Biden, who's going to pad that total with a cool $25 million from a fundraiser in New York this week. Trump is, of course, the king of earned media and may not need a huge war chest to run his campaign. But if there's one thing we know about American politics is that money does not hurt.
One of the reasons Trump may be struggling to raise funds is because of the massive legal bills that he has to cover, which, according to The New York Times, have amounted to over $100 million since he left office. Some of that has been covered with campaign cash. Some of it has been covered with money from his businesses, which is going to get a lot harder for him going forward based on this decision in New York.
So money could end up being a huge story of the 2024 election. And if it is, it's because Biden has it and Trump doesn’t.
Hong Kong's new security law ends remaining political independence
Ian Bremmer shares his insights on global politics this week on World In :60.
How will the new security law affect all aspects of life in Hong Kong?
Takes away small remaining vestiges of political independence, none of which people expected were going to be maintained for long. The Chinese government really fast tracked this, which did, you know, antagonize a lot of people on the island. But at the same time, I mean, they're already basically shut down, you know, free Democratic media and made it impossible to engage in demonstrations that were seen as difficult or upsetting to the mainland. I mean, Hong Kong is no longer a bridge into mainland China. It is now a component of a greater Chinese economy. And to the extent that economy starts turning around and doing better, Hong Kong will do well. It's not right now, so it's not performing quite as effectively. And, you know, a lot of the expats have already gotten out of Dodge.
Is Haiti becoming a failed state?
Does look that way. I mean, we certainly don't yet have any significant policing on the ground, nor do we yet have any international peacekeepers. And even if we have them, the historical experience with them has been checkered at best. There's no effective leadership in the country. So interesting, you know, they share an island with a border right down the middle with the Dominican Republic, and the DR is one of the most effective economies in Latin America today. Just goes to show you that governance really, really matters. So painful to see this happening and so close to the United States. American willingness to put a little bit of money in, sure, but to do anything significant to try to create stability. Not at all.
Will Trump's difficulty paying his legal judgments hurt his campaign?
You would think it would, because, you know, historically, the United States has the most expensive and long electoral campaign in the world. And if you don't have money, you're not supposed to run it very effectively. But of course, Trump also is unique in his ability to get just dominate the media cycle for free. He makes headlines and he lives in everybody's head. And in that regard, it's not as important for him to have a huge amount of cash. He's also former president. And, you know, having a former president, a sitting president running against each other, it's not like he's a non incumbent that doesn't have brand recognition. That's also important for him. But at the margins, yeah, I don't think it's as important as, you know, how people feel about abortion or immigration or the economy or democracy. But is it on the top ten? Yeah, probably the top ten, may almost crack top five.
Trump continues to lead the GOP charge
Ian Bremmer's Quick Take: Hi, everybody. Ian Bremmer here and a Quick Take to kick off your week. Thought I'd talk about the US election. I try not to do that every week because it would get really boring.
It is, of course, the longest and most expensive and most dysfunctional of any major democracy. And would we have it any other way in the United States? Trump, of course, is getting closer and closer to the nomination on the Republican side. It is all over except for the fact that Nikki Haley does not want to drop out. She is still in it. Her arguments are that everybody should get a chance to vote and that she would be much more likely to win in the general election against Joe Biden.
All of those things are true. But as we all know, that's not the way the US electoral system works. She can't win a single state. She can't come close. South Carolina, her home state, where not just Republicans that are registered, but others can actually vote. So an open primary and she still lost by 20 points, could have lost by more. It was a respectable showing, considering just how popular Trump is. But she's got no shot. And she lost her funding just now from the Koch network, which is a big deal. When they stood up and said that they wanted to give a lot of money to Haley, they understand that they're not going to throw good money after bad.
And so that's done. And she's not likely to be able to stay in very long if she's going to lose significant funding, because she needs to be relevant in terms of the airwaves and get her message out there. She has said that she is not thinking about what's going to happen after Super Tuesday, which is almost certainly not true. But what else is she supposed to say for as long as she's in the race? I think when she loses the slate on Super Tuesday, she's going to be in a lot of trouble.
On the Biden side, no one is really running against Biden. Williamson dropped out, but most people didn't know she was in. Dean Phillips hasn't dropped out. Most people don't really know he's in. But very interestingly and coming up real soon in Michigan, where you have five and a half percent of the electorate, Arab American, and they are deeply, deeply unhappy with the fact that Biden has been so strongly supportive of Israel in the ongoing war in Gaza. And there is a significant campaign in Michigan not to support Biden, but to write in that they don't have anybody that they're in favor of. And if that proves significant, that is absolutely going to hurt the president. It's one of many things that are not going particularly well for him as we think about his effort to secure a second go at the presidency come November.
But the more relevant point in the near term is what happens in the GOP. How does Trump secure the nomination and is everyone behind him or does he lose a significant piece of Republicans? On that front, I think he gets everybody. I've seen so many people that privately have said that they were never Trump six months ago, even three months ago, people that were supporting Chris Christie, high level folks in the Republican Party that are now saying, “well, he's going to be the nominee, he's probably going to be president because they want a Republican to be president. And so we're going to get behind him.” I've seen that with John Thune just come out, the number two on the Republican side in the Senate. Tim Scott, of course, a serious adult, serious conservative who has decided he's going to be as full throated, as supportive Trump is humanly possible. A lot of the billionaires are in that camp. Koch, of course, is going to be there. But also we've seen that with Jamie Dimon coming out of Davos and so many of all of these people that have been privately saying we can't stand the guy, we want anyone but him. But since that isn't going to prove worthwhile or possible, we're going to get behind Trump.
And this is the biggest issue for democracy, he has huge amounts of support in the Republican Party, he has the money that will be behind him. But he also refuses to accept the outcome of a free and fair democratic election. That is fundamental. There's nothing that's more essential to the functioning of a democracy than being able to hold an election that people believe in and transferring power to an opponent if you lose. That fundamental assumption of democracy is something that Trump as strongly disagrees with as anything in his body and showed that off in 2020 and will show that off again in 2024 if it goes against him or if it threatens to go against him.
And the fact that is not close to the issue that exercises all of these people that privately say they can't stand this guy but will get with him, shows that they are not particularly worried about the nature of eroding US democracy. And that reality should be a top concern of American allies around the world. It should be a top hope of American adversaries looking to take advantage of American weakness around the world. It creates and injects a huge amount of chaos into the global system. The most powerful country in the world today is also the one that is least confident about the intrinsic value of its political system, doesn't really know what it stands for, and is going to continue to erode its institutions legitimacy and the strength of its institutions without particular guardrails, at least as far as this electoral cycle goes.
And that is true, frankly, no matter whether Trump or Biden wins. And again, I feel that Trump is clearly unfit for the job and it's not a matter of anything other than what I just said. And I felt that way when he was a Democrat. This has nothing to do with his political party. It certainly has nothing to do with his ideology because Trump isn't fundamentally ideological except in support of his narcissism. But the fact that even under four years of Biden, that the political institutions in the US has have continued to erode, that you continue to have stronger and stronger distance between what is seen as basic facts and belief among Democrats and Republicans. The fact that the United States is becoming more politically tribal and dysfunctional says that Trump is a symptom, a deep symptom, and a strong symptom of something that is profoundly broken in the US system. Something I've talked about for a while.
I'll talk about more going forward, but it does make us very concerned about where 2024 is going. It's why the US versus itself was our number one risk back at the beginning of this year and by a long margin, given the impact of what that means for the rest of the world, while we continue to focus on it all the way through.
That's it for me and I'll talk to you all real soon.
Activists hold up a banner following arguments in former U.S. President Donald Trump's appeal of a lower court's ruling disqualifying him from the Colorado presidential primary ballot, in Washington, U.S., February 8, 2024.
SCOTUS seems unlikely to disqualify Trump in Colorado case
On Thursday, the Supreme Court considered a case that could determine whether Donald Trump can be barred from Colorado’s primary ballot – its most direct involvement in an election since Bush v. Gore.
The two main issues were whether the president is considered an “officer of the United States” and so ineligible for reelection if found guilty of insurrection under the 14th Amendment, and whether disqualifying him would require congressional approval.
SCOTUS is likely to rule in Trump’s favor. Chief Justice John Roberts pointed out that the 14th Amendment was enacted to restrict state power, and that letting states decide candidate eligibility could have snowballing implications if partisans make a habit of trying to disqualify their opposition.
The question is whether SCOTUS will issue a broad opinion about Trump’s eligibility for the general election to preemptively squash future 14th Amendment legal challenges. Several justices have indicated they might.
The court hasn’t said when it will issue its decision, only that it is likely to come before Colorado’s primary election on March 5, aka Super Tuesday.
Former U.S. President and Republican presidential candidate Donald Trump..
Two major Trump trial decisions this week
A federal appeals court ruled Tuesday that Donald Trump is not immune to criminal charges for things he did while president. Specifically: the DC federal indictment accusing him of trying to overturn the 2020 election.
Trump will appeal to the Supreme Court to delay the DC trial, stalling it until SCOTUS decides whether to take up the case before its session ends in July.
SCOTUS is hearing its first Trump case this week. On Thursday, justices will decide whether the insurrection clause of the 14th Amendment allows states to bar Trump from primary ballots, just over a month after Colorado and Maine disqualified him.
The insurrection clause says officeholders that “engaged in an insurrection” can’t be reelected. It was created to stop Confederates from regaining power after the Civil War and hasn’t been implemented since, so justices can decide how to enforce it.
The core question: Which is worse for democracy, taking a candidate off the ballot or an alleged insurrectionist returning to power?
What to watch: Whether SCOTUS rules that Jan. 6, 2021, was an insurrection, even if they also decide to keep Trump on the ballot. If they do, that would empower prosecutors in the DC federal indictment and an upcoming case on Jan. 6 participants.
Trump's Jan. 6 trial could now hurt his re-election bid
Ian Bremmer shares his insights on global politics this week on World In :60.
Will the US-proposed cease-fire plan for Israel and Hamas come to fruition amidst reports of hostage deaths?
It's not done until it's done. There are a lot of ways that it can blow up. And, you know, Netanyahu probably wants to take it to the Knesset and get, you know, support for it. And nonetheless, Hamas can always say no. But I would bet on it. I think we are going to see more hostages released. There's a lot of pressure on Israel to give away more to get that done in terms of a cease-fire. And there's a lot of pressure on Hamas to accept a longer cease-fire and see if they can keep it going. So I think we'll get at least four weeks in return for a significant number of hostages that are released. That doesn't mean that we get a peace plan. It doesn't mean we see a two-state solution. It certainly doesn't mean that the cease-fire is going to hold for longer than that period of time or even the entire period of time submitted to. There are plenty of actors that still want to see war continue on the ground.
How will upcoming elections in Pakistan affect its broader geopolitical standing in the world?
I'd say badly, but in reality not very much. I mean, the big deal is that the most popular person to run in Pakistan is not allowed to run. That's Imran Khan, the very charismatic cricketer whose party has basically been dismantled and who is himself said to be a criminal for charges that at the very least look politicized and at the worst look pretty much made up. That's not great for a democracy, even one where the military still holds an enormous amount of power. And ultimately, you're going to see a lot of instability in Pakistan, probably a lot of violence in the midst of an economy that's doing very, very badly.
Finally, the US appeals court ruled that Trump can face trial for election interference. Does this lower the odds on his possible return to the White House?
Well, I mean, it does. If you thought that the appeals court was going to rule any other way. I mean, certainly the fact that these cases are going on and that Trump might be indicted before the election, most likely in the Washington DC case, that would reduce Trump's support base among independents and make it less likely for them to turn out for him, maybe less likely some of them will vote at all than otherwise. And so of all of the wild cards out there that could really hurt Trump, a conviction is a big one, especially a conviction for a felony crime. And the fact that impunity doesn't hold in the way it's been argued by the Trump lawyers does make a difference. Still, if you were having the election right now, Trump wins. And there's a lot of time out there, but it's still a challenging road, perhaps a more challenging road for Biden today than it is for Trump. And that is something that everyone should keep a very close eye on.
E. Jean Carroll walks outside Manhattan Federal Court on the day of the second civil trial, after she accused former U.S. President Donald Trump of raping her decades ago, in New York City, U.S., January 25, 2024.
Putting a former president on trial, Step 1: Secret jurors
Former US President Donald Trump has been found liable for defaming E. Jean Carroll when called her a liar after she accused him of sexual abuse. Now nine jurors are deciding how much he should pay her in damages. Who are they? Nobody knows.
The selection process grilled 80 potential jurors about their political engagement, news sources, and other issues meant to turn up disqualifying biases. But a judge ordered the identities of those chosen to be kept secret. Why? To protect them from influence or harassment from Trump or his supporters.
According to the New York Times, the seven men and two women have so far remained anonymous, even to each other.
With criminal cases coming down the line that could alter the course of the 2024 election, this civil trial is aiming to show that jurors can be found and kept safe, even when a former president is on trial. Will it succeed?