Tuesday, January 12, 2021

Trump lost the election. Now he is losing financial and political support.

Trump and his minions are facing tremendous pressure in the aftermath of the January 6 riot (aka insurrection). Trump is losing, by the hour it seems, financial supporters. And his political friends are baling out.

Heather Cox Richardson summarizes these developments and Judd Legum has lots of detail.

January 11, 2021 edition of Letters from an American posted by Heather Cox Richardson.

The tide is running strongly now against Trump and those who have supported him in his attack on our democracy. What had been shock on Wednesday is hardening into fury. Yesterday, Representative Peter Meijer (R-MI) tweeted: “I still can’t wrap my head around the fact that the President of the United States was completely MIA while the next three individuals in the lines of succession (VP, Speaker of House, Senate Pres[ident] Pro Tempore) were under assault in the Capitol. Unconscionable.”

As of tonight, the government remains MIA. We have had no briefings from the White House, FBI, Department of Homeland Security, or the Justice Department about what happened on January 6, or what has happened since. And now acting Secretary of the Department of Homeland Security Chad Wolf has resigned, effective at midnight tonight. He will be replaced by FEMA Administrator Peter Gaynor.

The crisis is breaking the Republican Party in two. Newly elected House members have expressed dismay that they have not gotten clear instructions from House Minority Leader Kevin McCarthy (R-CA) on how they should approach this week’s votes. They say they only have the sense he would like them to support the president: pretty weak sauce to hold a coalition together.

McCarthy has his own troubles. He is closely tied to the president—Trump called him “my Kevin”– and has been telling people that the Republicans will take the House in 2022 as voters turn against Biden, who is inheriting a colossal mess that it appears Republicans are working to make as bad as possible. But suddenly Trump is toxic. All of a sudden, McCarthy is talking about unity and working across the aisle: “As leaders, we must call on our better angels and refocus our efforts on working directly for the American people.”

McCarthy is facing the same problem Senator Rick Scott (R-FL), the new chair of the National Republican Senatorial Committee is: they are supposed to bring in campaign cash, but suddenly corporations are announcing they will no longer make political donations… at least to Republicans. Judd Legum and Tesnim Zekeria at Popular Information yesterday broke the story that Marriott, BlueCross BlueShield, and Commerce Bank would not contribute to the 147 Republicans who objected to the counting of the electoral votes in Congress. That’s more than half the Republicans in Congress. Verizon, AT&T, and Amazon have now joined that boycott. Citigroup, 3M, Facebook, Microsoft, Google, and JPMorgan Chase have all halted political giving for several months, and a number of other companies say they are reevaluating their giving. T-Mobile told Popular Information: “The assault on the U.S. Capitol and on democracy was unacceptable.”

Here is an update from popular.info.

It is no wonder that both McCarthy and Scott are madly backpedaling from their former pro-Trump stances and now calling for an end to partisan rancor. According to Jonathan Swan of Axios, in a phone call this morning, Trump tried to tell McCarthy it was “Antifa people” who stormed the Capitol. But McCarthy was having none of it: “It’s not Antifa, it’s MAGA. I know. I was there.” When Trump tried to rant about election fraud, McCarthy interrupted: “Stop it. It’s over. The election is over.”

But the crisis is not. Army and police forces are investigating their officers who either did participate or may have participated in the riot. The FBI warned today that online activists are planning armed protests in Washington, D.C., and at all fifty state capitols between January 16 and 20, although it is not clear that their plans will translate into mass protests. In the wake of the attack, Trump supporters are harassing lawmakers, making them fear for the safety of themselves and their families.

As Yale historian Joanne Freeman noted, threats of political violence are a means of intimidation, a way to dominate a situation when a party does not have the support of the majority. Trump’s approval rating has dropped to 33%, with 60% of voters disapproving of his job performance. Fifty-six percent of voters blame Trump for the storming of the Capitol.

Trump supporters are growing more violent perhaps because the wave against them is building. Today Hillary Clinton called for impeachment and condemned white supremacy, hardly a surprise coming from the former Democratic presidential candidate, but the news that former Secretary of State Colin Powell, a well-regarded retired four-star general and Republican senior statesman, has rejected the Republican Party sits a little harder. Perhaps even worse is that Bill Belichick, general manager of the New England Patriots and previously a Trump supporter, today declined to accept Trump’s offer of a Presidential Medal of Freedom.

Insurgents now face institutional pressure, as well. The Department of Justice and the FBI are tracking down more than 150 suspects for prosecution—so far—and hackers today claimed to have captured the personal data of Parler users from Parler servers, including material that users believed they had deleted after the January 6 Capitol riot. Since rioters stole laptops and documents that included items relating to national security, they are not going to be able to drop off the radar screen.

Trump is also under pressure, the pressure of impeachment, of course, and the loss of his social media platforms. He is also under financial pressure, as Deutsche Bank, the only bank that would still lend to him, has announced it will no longer do business with him. But, according to Maggie Haberman at the New York Times, what is upsetting him most is that the PGA has pulled its 2022 golf championship from Trump’s Bedminster, New Jersey, golf club.

That, not the riots, not the deaths, not impeachment, and certainly not the coronavirus–which has now killed more than 375,000 of us—has “gutted” him.

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