Health Secretary Robert F. Kennedy Jr. publicly stated that President Trump received $100 million from Big Pharma, yet asserted the president remained uninfluenced. This declaration, made during a White House press conference announcing a prescription drug price reduction executive order, sparked immediate controversy. While RFK Jr. seemingly intended to highlight Trump’s resistance to pharmaceutical industry pressure, the subsequent rise in pharmaceutical stocks and expert commentary suggest the executive order may lack significant impact or serve as a distraction from other political matters. The event left many questioning the true intentions and potential consequences of the announcement.
Read More
Senator Mark Kelly criticized President Trump’s promotion of the $TRUMP memecoin, calling it blatant corruption, and introduced a bill to prevent such conflicts of interest. Roger Stone, a Trump loyalist, responded by accusing Kelly of treason and calling for his execution, citing Kelly’s past association with a company that had Chinese investment. Trump’s memecoin has generated over $320 million for his family, fueled by a buying frenzy linked to an exclusive investor dinner. Concerns are rising about the ethical implications of Trump’s business dealings, including international ventures, while in office.
Read More
Recent SEC filings reveal a significant increase in institutional investment in Trump Media and Technology Group (TMTG), with some firms adding hundreds of millions of dollars to their holdings. This surge in investment, despite TMTG’s substantial losses ($400m in 2024), raises concerns about potential quid pro quo arrangements given the investors’ connections to Trump and Republican politics. Critics, including Accountable.us, suggest these investments constitute a form of tribute aimed at currying favor with the President. Examples include Charles Schwab Investment Management and Hancock Prospecting, both significantly increasing their TMTG stakes.
Read More
This episode of The David Frum Show commemorates the 80th anniversary of Victory in Europe Day, contrasting the postwar American legacy of reconciliation with Donald Trump’s recent boastful statement. A discussion with Anne Applebaum follows, focusing on the Trump presidency’s corruption and its authoritarian tendencies to undermine institutions. Finally, listener questions are addressed, covering topics such as fostering political dialogue among high schoolers, the absence of a strong worker-based movement in the US, and the risks of data suppression under the Trump administration. The episode concludes with reflections on the evolution of Frum’s conservative values within the shifting political landscape.
Read More
During a House hearing on transgender athletes, Democrats accused Rep. Marjorie Taylor Greene of insider trading. The accusations centered on stock purchases Greene made in early April, coinciding with a market dip caused by President Trump’s tariff announcement. Greene claims her financial advisor made the trades, buying “the dip,” but Democrats allege she profited from non-public information. The ensuing debate temporarily stalled the hearing, with Republicans objecting to what they considered an unfounded criminal allegation.
Read More
Senate Democrats withdrew support for the bipartisan GENIUS Act due to concerns it inadequately addressed conflicts of interest stemming from the Trump family’s substantial cryptocurrency holdings. A new bill, the End Crypto Corruption Act, aims to prohibit federal officials and their families from holding digital assets, prompted by reports of potential $2 billion in profits from a Trump family stablecoin deal and a lucrative meme coin promotion. While acknowledging current legal limitations, some Republicans also expressed reservations about the meme coin contest, and Senator Lummis indicated a willingness to collaborate on broader digital asset regulation. The Democrats’ action reflects a shift towards stricter regulation to curb potential corruption related to cryptocurrency holdings by government officials.
Read More
House Democrats are investigating Elon Musk’s potential conflicts of interest as head of the Department of Government Efficiency. Letters sent to key Trump administration officials requested information regarding Musk’s ties to foreign powers, government contracts awarded to his companies, and past drug use. The Democrats aim to uncover potential vulnerabilities to coercion and corruption stemming from these connections. The inquiry follows previous reports detailing Musk’s financial support for the Trump campaign and his access to sensitive government information. A response from the recipients of the letters is pending.
Read More
George Ryan, former Illinois governor, passed away at age 91. His career, marked by a rise from pharmacist to governor, was ultimately overshadowed by a corruption scandal resulting in a federal prison sentence. However, Ryan is also remembered for his controversial decision to halt executions in Illinois and empty death row, actions that garnered both praise and criticism. Despite his conviction and subsequent apology, his legacy remains complex and multifaceted.
Read More
Carlos Cartagena López, a prominent El Salvador gang leader, gave an interview detailing his gang’s secret pact with President Nayib Bukele, revealing how they allegedly helped Bukele rise to power in exchange for favors. This pact, involving warnings of police operations and community projects, allegedly included gang intimidation of political opponents to secure Bukele’s electoral victories. López’s release from prison, despite accusations of homicide and extortion, further underscores the clandestine nature of this relationship. The revelation comes amidst a brutal government crackdown resulting in tens of thousands of arrests under inhumane conditions and hundreds of deaths, highlighting the ongoing consequences of this political alliance. The interview adds crucial details to existing evidence of Bukele’s dealings with gangs, underscoring the urgent need for further investigation into this complex situation.
Read More
Contrary to headlines, President Trump did not actually fire any Federal Trade Commission commissioners; he merely stated his desire to do so, a power he legally lacks. News coverage often misrepresents Trump’s actions, as exemplified by headlines employing mixed metaphors or accepting his economic claims at face value. Such reporting fails to address the underlying issue: Trump’s policies stem from his corruption and intellectual decline, not from any coherent plan. His erratic economic decisions, therefore, are best understood through the lens of his personal failings.
Read More
John Q. Hosedrinker