Media tycoon Rupert Murdoch has one less thing to worry about. News Corp announced in February 2015 that the U.S. Department of Justice had finished its investigation related to the phone-hacking charges at Murdoch’ newspapers in London and would not prosecute News Corp or 21st Century Fox. On the management front, in March 2014 he got his sons Lachlan and James appointed to top positions at News Corporation and 21st Century Fox, ensuring that his legacy will live on. He also tried, and failed, to acquire Time Warner in what would have been an $80 billion mega-deal. Meanwhile Murdoch, who gave ex-wife Wendi Deng their Fifth Avenue apartment along with a residence in Beijing, bought himself a $57 million bachelor pad in Manhattan in 2014. He then sold his Beverly Hills estate for $30 million, reportedly to his son, James. Australian born, Murdoch inherited two Adelaide newspapers at age 22 after his father’s sudden death. The Murdoch empire includes 120 newspapers in at least five countries (including The Wall Street Journal), a massive cable network comprised of the Fox channels in the U.S. and across Europe, Latin America, Africa, and Asia, one of the largest movie studios with 21st Century Fox, book publishing powerhouse HarperCollins, and a broadcasting and satellite TV arm.
Media magnate Rupert Murdoch is the founder and head of News Corporation, a global media conglomerate. He created FOX Broadcasting Company in 1986.
Rupert Murdoch was born on March 11, 1931, in Melbourne, Australia. His father was a famous war correspondent and newspaper publisher. Murdoch inherited his father’s papers, the Sunday Mail and the News, and continued to purchase other media outlets over the years. In the 1970s, he started buying American newspapers. Murdoch branched out into entertainment with the purchase of 20th Century Fox Film Corp. in 1985. He later launched his own cable news channel, FOX News.
Early Life and Career
Keith Rupert Murdoch was born on March 11, 1931, on a small farm about 30 miles south of Melbourne, Australia. Since birth, Murdoch has gone by his middle name, Rupert, the name of his maternal grandfather. His father, Keith Murdoch, was a well-known Australian journalist who owned a number of local and regional newspapers: the Herald in Melbourne, the Courier-Mail in Brisbane, and the News and Sunday Mail.
The family farm was named Cruden Farm, after the Scottish village from which both of Murdoch’s parents had emigrated. The house at Cruden Farm was a stone building with colonial pillars, adorned with original paintings, a grand piano and a library of books, situated amongst green expanses of farmland and bordered by Ghost Gum trees. Murdoch’s favorite childhood pastime was horseback riding. His mother later described her son’s childhood: “I think it was a very normal childhood, not in any way elaborate or an overindulged one. I suppose he was lucky to be brought up in attractive—you could say aesthetic—surroundings.”
The son of a well-respected journalist, Murdoch was groomed to enter the world of publishing from a very young age. He remembers, “I was brought up in a publishing home, a newspaper man’s home, and was excited by that, I suppose. I saw that life at close range, and after the age of ten or twelve never really considered any other.” Murdoch graduated from Geelong Grammar, a prestigious Australian boarding school, in 1949 before crossing the ocean to attend Worcester College at Oxford University in England. According to one of his early biographers, Murdoch was a “a normal, red-blooded college student who had many friends, chased girls, went on the usual drinking binges, engaged in slapdash horseplay, tried at sports and never had enough money, no doubt due to his gambling.” Murdoch’s fun-loving youthful ways came to an abrupt end when his father suddenly passed away in 1952, leaving his son the owner of his Adelaide newspapers, theNews and the Sunday Mail. After preparing himself with a brief apprenticeship under Lord Beaverbrook at the Daily Express in London, in 1953, a 22-year-old Murdoch returned to Australia to take up the reins of his father’s papers.
Immediately upon assuming control of the Sunday Mail and the News, Murdoch immersed himself in all aspects of the papers’ daily operations. He wrote headlines, redesigned page layouts and labored in the typesetting and printing rooms. He quickly converted the News into a chronicle of crime, sex and scandal, and while these changes were controversial, the paper’s circulation soared. Only three years later, in 1956, Murdoch expanded his operations by purchasing the Perth-based Sunday Times, and revamped it in the sensationalist style of the News. Then, in 1960, Murdoch broke into the lucrative Sydney market by purchasing the struggling afternoon daily, theMirror, and slowly transforming it into Sydney’s best-selling afternoon paper. Encouraged by his success and harboring ambitions of political influence, in 1965 Murdoch founded Australia’s first national daily paper, the Australian, which helped to rebuild Murdoch’s image as a respectable news publisher.
In the fall of 1968, 37 years old and owner of an Australian news empire valued at $50 million, Murdoch moved to London and purchased the enormously popular Sunday tabloid, The News of the World. One year later, he purchased a struggling daily tabloid, the Sun, once again transformed the paper into a wild success with his formula of reporting heavily on sex, sports and crime. The Sun also attracted readers by including pictures of topless women in its infamous “Page 3” feature.
Murdoch next expanded his news empire to the United States, with the 1973 acquisition of a Texas-based tabloid, the San Antonio News. As he had done in Australia and England, Murdoch quickly set out to expand across the country, founding a national tabloid, the Star, in 1974 and purchasing theNew York Post in 1976. In 1979, Murdoch founded News Corporation, commonly referred to as News Corp., as a holding company for his various media properties.
Throughout the 1980s and 1990s, Murdoch acquired news outlets around the globe at a dizzying pace. In the United States, he bought up the Chicago Sun-Times, the Village Voice and New York magazine. In England, he acquired the eminently respectable Times and Sunday Times of London.
It was also during these years that Murdoch began expanding his media empire into television and entertainment. In 1985, he purchased 20th Century FOX Film Corporation as well as several independent television stations and consolidated these companies into FOX, Inc.—which has since become a major American television network. In 1990, he founded STAR TV, a Hong Kong-based television broadcasting company that broadcasts to over 320 million viewers across Asia. Throughout the late 1980s, he purchased several prestigious American and British academic and literary publishing companies and consolidated them into HarperCollins in 1990. Murdoch has also invested in sports; he is a part owner of the Los Angeles Kings NHL franchise, the Los Angeles Lakers NBA franchise and the Staples Center, as well as FOX Sports Radio and FOXSports.com.
With the dawn of the new century, Murdoch continued to expand News Corp’s holdings to control more and more of the media people view on a daily basis. In 2005, he purchased Intermix Media, the owner of the popular social networking site MySpace.com. Two years later, in 2007, the longtime newspaper mogul made headlines himself with the purchase of Dow Jones, the owner of the Wall Street Journal.
Murdoch has drawn wide criticism for monopolizing control over international media outlets as well as for his conservative political views, which are often reflected in the reporting of Murdoch-controlled outlets such as FOX News Channel. In the 2010 American midterm elections, News Corp donated $1 million each to the Republican Governors Association and the U.S. Chamber of Commerce, a group supporting Republican candidates. Critics argued that the owner of major news sources covering the election should not contribute directly to the political campaigns involved.
His empire, however, was dealt a significant blow in 2011. His London tabloid, The News of the World, was caught up in a phone hacking scandal. Several editors and journalists were brought up on charges for illegally accessing the voicemails of some of Britain’s leading figures. Rupert himself was called to testify that same year, and he shut down The News of the World. News Corp later paid damages to some of individuals who were hacked.
Despite this scandal, News Corp retains a significant share of virtually all forms of media across the globe. Murdoch owns many of the books and newspapers people read, the television shows and films they watch, the radio stations they listen to, the websites they visit, and the blogs and social networks they create. In 2013, he announced a significant restructuring of his empire. Murdoch decided to divide his business into two companies—21st Century Fox Inc. and News Corp. This move separated his entertainment holdings from his publishing interests. According to the Los Angeles Times, Murdoch explained that “Both companies will be uniquely positioned to execute on their respective strategic objectives and to lead their industries forward.”
Although he could never have imagined the power he would one day yield, this kind of influence was exactly what Murdoch sought as a young publisher building his empire. “I sensed the excitement and the power,” he recalls. “Not raw power, but the ability to influence at least the agenda of what was going on.” And after six decades working in the media, Murdoch has said that he could not imagine his life any other way. “If you’re in the media, particularly newspapers, you are in the thick of all the interesting things that are going on in a community, and I can’t imagine any other life that one would want to dedicate oneself to,” he said.
In June 2015, news broke that Murdoch would be handing over the leadership of 21st Century Fox to his son James. James would become the company’s chief executive while Murdoch would stay on in the organization as the executive co-chairman. Murdoch would share this position with his oldest son Lachlan. The company’s board must approve this plan before it can be implemented.
Rupert Murdoch married Patricia Booker in 1956. They had a daughter, Prudence, before divorcing in 1965. He married Anna Torv in 1967, and they had four children before eventually divorcing in 1999. Only 17 days after his second divorce, Murdoch married his third wife, Wendi Deng. They have two children.
Murdoch filed for divorce from Deng in June 2013, citing that the “relationship between husband and wife had broken down irretrievably” in court papers. The news of the split came as a surprise to some, but there had some rumors of trouble in the marriage in recent years. The couple has a prenuptial agreement, but many have speculated that there may still be a battle for his billions.
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In the 1950s and ’60s, he acquired various newspapers in Australia and New Zealand, before expanding into the United Kingdom in 1969, taking over the News of the World followed closely by The Sun. He moved to New York City in 1974 to expand into the US market, but retained interests in Australia and Britain. In 1981, he boughtThe Times, his first British broadsheet, and became a naturalised US citizen in 1985 to satisfy the legal requirement for US television ownership.
In 1986, keen to adopt newer electronic publishing technologies, he consolidated his UK printing operations in Wapping, causing bitter industrial disputes. His News Corporation acquired Twentieth Century Fox (1985), HarperCollins (1989) and The Wall Street Journal (2007). He formed the British broadcaster BSkyB in 1990, and during the 1990s expanded into Asian networks and South American television. By 2000, Murdoch’s News Corporation owned over 800 companies in more than 50 countries with a net worth of over $5 billion.
In July 2011, Murdoch faced allegations that his companies, including the News of the World, owned by News Corporation, had been regularly hacking the phones of celebrities, royalty and public citizens. He faces police and government investigations into bribery and corruption by the British government and FBI investigations in the US. On 21 July 2012, Murdoch resigned as a director of News International. On July 1, 2015, Murdoch left his post as CEO of 21st Century Fox.
Murdoch was born Keith Rupert Murdoch on 11 March 1931 in Melbourne, Australia to Sir Keith Murdoch (1885–1952) and Elisabeth Joy Greene (1909–2012), daughter of Rupert Greene. Rupert is of English, Irish, and Scottish ancestry. His parents were also born in Melbourne. Keith Murdoch was a war correspondent and later a regional newspaper magnate owning two newspapers in Adelaide, South Australia, and a radio station in a faraway mining town. Later in life, Keith Rupert chose to use Rupert, the first name of his maternal grandfather.
Keith Murdoch the elder asked for a rendezvous with his future wife after seeing her debutante photograph in one of his own newspapers and they married in 1928, when she was aged 19 and he 23 years her senior. In addition to Rupert, the couple had three daughters: Janet Calvert-Jones, Anne Kantor and Helen Handbury (1929–2004). Murdoch attended Geelong Grammar School, where he had his first experience of editing a publication, being co-editor of the school’s official journal The Corian and editor of the student journal If Revived. He also took his school’s cricket team to the National Junior Finals. He worked part-time at the Melbourne Heraldand was groomed by his father from an early age to take over the family business. Murdoch read Philosophy, Politics and Economics at Worcester College, Oxford in England, where he supported the Labour Party and managed Oxford Student Publications Limited, the publishing house of Cherwell. After her husband’s death from cancer in 1952, Elisabeth Murdoch went on to invest herself in charity work, as life governor of the Royal Women’s Hospital in Melbourne and establishing the Murdoch Children’s Research Institute. At 102 (in 2011), she had 74 descendants. Murdoch completed an MA before working as a sub-editor with the Daily Express for two years.
Activities in Australia and New Zealand
Journalist Sir Keith Murdoch (1885–1952), Rupert Murdoch’s father
Following his father’s death, when he was 21, Murdoch returned from Oxford to take charge of the family business News Limited, which had been established in 1923. Rupert Murdoch turned its newspaper, Adelaide News, its main asset, into a major success. He began to direct his attention to acquisition and expansion, buying the troubled Sunday Times in Perth, Western Australia (1956) and over the next few years acquiring suburban and provincial newspapers in New South Wales, Queensland, Victoria and the Northern Territory, including the Sydney afternoon tabloid, The Daily Mirror (1960). The Economist describes Murdoch as “inventing the modern tabloid”, as he developed a pattern for his newspapers, increasing sports and scandal coverage and adopting eye-catching headlines.
Murdoch’s first foray outside Australia involved the purchase of a controlling interest in the New Zealand daily The Dominion. In January 1964, while touring New Zealand with friends in a rented Morris Minor after sailing across the Tasman, Murdoch read of a takeover bid for the Wellington paper by the British-based Canadian newspaper magnate, Lord Thomson of Fleet. On the spur of the moment, he launched a counter-bid. A four-way battle for control ensued in which the 32-year-old Murdoch was ultimately successful. Later in 1964, Murdoch launched The Australian, Australia’s first national daily newspaper, which was based first in Canberra and later in Sydney. In 1972, Murdoch acquired the Sydney morning tabloid The Daily Telegraph from Australian media mogul Sir Frank Packer, who later regretted selling it to him. In 1984, Murdoch was appointed Companion of the Order of Australia (AC) for services to publishing.
Murdoch found a political ally in John McEwen, leader of the Australian Country Party (now known as the National Party of Australia), who was governing in coalition with the larger Menzies-Holt Liberal Party. From the very first issue of The Australian Murdoch began taking McEwen’s side in every issue that divided the long-serving coalition partners. (The Australian, 15 July 1964, first edition, front page: “Strain in Cabinet, Liberal-CP row flares.”) It was an issue that threatened to split the coalition government and open the way for the stronger Australian Labor Party to dominate Australian politics. It was the beginning of a long campaign that served McEwen well.
After McEwen and Menzies retired, Murdoch threw his growing power behind the Australian Labor Party under the leadership of Gough Whitlam and duly saw it elected on a social platform that included universal free health care, free education for all Australians to tertiary level, recognition of the People’s Republic of China, and public ownership of Australia’s oil, gas and mineral resources. Rupert Murdoch’s backing of Whitlam turned out to be brief. Murdoch had already started his short-lived National Star newspaper in America, and was seeking to strengthen his political contacts there.
Asked about the Australian federal election, 2007 at News Corporation’s annual general meeting in New York on 19 October 2007, its chairman Rupert Murdoch said, “I am not commenting on anything to do withAustralian politics. I’m sorry. I always get into trouble when I do that.” Pressed as to whether he believed Prime Minister John Howard should continue as prime minister, he said: “I have nothing further to say. I’m sorry. Read our editorials in the papers. It’ll be the journalists who decide that – the editors.” In 2009, in response to accusations by Australian Prime Minister Kevin Rudd that News Limited was running vendettas against him and his government, Murdoch opined that Rudd was “oversensitive”. Murdoch described Howard’s successor, Labor Party Prime Minister Kevin Rudd, as “…more ambitious to lead the world [in tackling climate change] than to lead Australia…” and criticised Rudd’s expansionary fiscal policies in the wake of the financial crisis of 2008 as unnecessary. Although News Limited’s interests are extensive, also including the Daily Telegraph, the Courier-Mail and the Adelaide Advertiser, it was suggested by the commentator Mungo MacCallum in The Monthly that “the anti-Rudd push, if coordinated at all, was almost certainly locally driven” as opposed to being directed by Murdoch, who also took a different position from local editors on such matters as climate change and stimulus packages to combat the financial crisis.
In 1968 Murdoch entered the British newspaper market with his acquisition of the populist News of the World, followed in 1969 with the purchase of the struggling daily broadsheet The Sun from IPC. Murdoch turned The Sun into a tabloid format and reduced costs by using the same printing press for both newspapers. On acquiring it, he appointed Albert ‘Larry’ Lamb as editor and – Lamb recalled later – told him: “I want a tearaway paper with lots of tits in it”. In 1997 The Sun attracted 10 million daily readers. In 1981, Murdoch acquired the struggling Times and Sunday Times from Canadian newspaper publisher Lord Thomson of Fleet. Ownership of The Times came to him through his relationship with Lord Thomson, who had grown tired of losing money on it as a result of much industrial action that stopped publication. In the light of success and expansion at The Sun the owners believed that Murdoch could turn the papers around. Harold Evans, Editor of the Sunday Times from 1967, was made head of the daily Times, though he stayed only a year amid editorial conflict with Murdoch.
During the 1980s and early 1990s, Murdoch’s publications were generally supportive of Britain’s Prime Minister Margaret Thatcher. At the end of the Thatcher/Major era, Murdoch switched his support to the Labour Party and its leader, Tony Blair. The closeness of his relationship with Blair and their secret meetings to discuss national policies was to become a political issue in Britain. This later changed, with The Sun, in its English editions, publicly renouncing the ruling Labour government and lending its support to David Cameron‘sConservative Party, which soon afterwards formed a coalition government. In Scotland, where the Tories had yet to recover from their complete annihilation in 1997, the paper began to endorse the Scottish National Party (though not yet its flagship policy of independence), which soon after came to form the first ever outright majority in the proportionally elected Scottish Parliament. Former Prime Minister Gordon Brown’s official spokesman said in November 2009 that Brown and Murdoch “were in regular communication” and that “there is nothing unusual in the prime minister talking to Rupert Murdoch”.
In 1986, Murdoch introduced electronic production processes to his newspapers in Australia, Britain and the United States. The greater degree of automation led to significant reductions in the number of employees involved in the printing process. In England, the move roused the anger of the print unions, resulting in a long and often violent dispute that played out in Wapping, one of London’s docklands areas, where Murdoch had installed the very latest electronic newspaper purpose-built publishing facility in an old warehouse. The bitter dispute at Wapping started with the dismissal of 6,000 employees who had gone on strike and resulted in street battles and demonstrations. Many on the political left in Britain alleged the collusion of Margaret Thatcher’s Conservative government with Murdoch in the Wapping affair, as a way of damaging the British trade union movement. In 1987, the dismissed workers accepted a settlement of £60 million.
Murdoch’s British-based satellite network, Sky Television, incurred massive losses in its early years of operation. As with many of his other business interests, Sky was heavily subsidised by the profits generated by his other holdings, but convinced rival satellite operator British Satellite Broadcasting to accept a merger on his terms in 1990. They were quick to see the advantages of direct to home (DTH) satellite broadcasting that did not require costly cable networks and the merged company, BSkyB, has dominated the British pay-TV market ever since. By 1996, BSkyB had more than 3.6 million subscribers, triple the number of cable customers in the UK. British financier Lord Jacob Rothschild, a close Murdoch friend since the 1960s, served as deputy chairman of Murdoch’s BSkyB corporation from 2003–2007, and Murdoch jointly invested with Rothschild in a 5.5 percent stake in Genie Oil and Gas, which conducted shale gas and oil exploration in Israel.
In response to print media’s decline and the increasing influence of online journalism during the 2000s, Murdoch proclaimed his support of the micropayments model for obtaining revenue from on-line news,although this has been criticised by some.
The Labour Party, from when Tony Blair became leader in 1994, had moved from the Left to a more central position on many economic issues prior to 1997. Murdoch identifies himself as a libertarian, saying “What does libertarian mean? As much individual responsibility as possible, as little government as possible, as few rules as possible. But I’m not saying it should be taken to the absolute limit.”
In a 2005 speech delivered in New York, Murdoch said that Blair described the BBC coverage of the Hurricane Katrina disaster as being full of hatred of America.
In 1998, Rupert Murdoch made an attempt to buy the football club Manchester United F.C., with an offer of £625 million, but this failed. It was the largest amount ever offered for a sports club. It was blocked by the United Kingdom’s Competition Commission, which stated that the acquisition would have “hurt competition in the broadcast industry and the quality of British football”.
On 28 June 2006 the BBC reported that Murdoch and News Corporation were considering backing new Conservative leaderDavid Cameron at the next General Election – still up to four years away. In a later interview in July 2006, when he was asked what he thought of the Conservative leader, Murdoch replied “Not much”. In a 2009 blog, it was suggested that in the aftermath of the News of the World phone hacking scandal which is still ongoing in 2012 and might yet have Transatlantic implications Murdoch and News Corporation might have decided to back Cameron. Despite this, there had already been a convergence of interests between the two men over the muting of Britain’s communications regulator Ofcom.
In 2006, Britain’s Independent newspaper reported that Murdoch would offer Tony Blair a senior role in his global media company News Corporation when the prime minister stood down from office.
He is accused by former Solidarity MSPTommy Sheridan of having a personal vendetta against him and of conspiring with MI5 to produce a video of him confessing to having affairs – allegations over which Sheridan had previously sued News International and won. On being arrested for perjury following the case, Sheridan claimed that the charges were “orchestrated and influenced by the powerful reach of the Murdoch empire”.
In August 2008, British Conservative leader and future Prime Minister David Cameron accepted free flights to hold private talks and attend private parties with Murdoch on his yacht, the Rosehearty. Cameron has declared in the Commons register of interests he accepted a private plane provided by Murdoch’s son-in-law, public relations guru Matthew Freud; Cameron has not revealed his talks with Murdoch. The gift of travel in Freud’s Gulfstream IV private jet was valued at around £30,000. Other guests attending the “social events” included the then EU trade commissioner Lord Mandelson, the Russian oligarch Oleg Deripaska and co-chairman of NBC UniversalBen Silverman. The Conservatives have not disclosed what was discussed.
In July 2011, it emerged that Cameron met key executives of Murdoch’s News Corporation 26 times during the 14 months that Cameron had served as Prime Minister. It was also reported that Murdoch had given Cameron a personal guarantee that there would be no risk attached to hiring Andy Coulson, the former editor of News of the World, as the Conservative Party’s communication director in 2007. This was in spite of Coulson having resigned as editor over phone hacking by a reporter. Cameron chose to take Murdoch’s advice, despite warnings from Nick Clegg, Lord Ashdown and The Guardian. Coulson resigned his post in 2011 and was later arrested and questioned on allegations of further criminal activity at The News of the World, specifically the News International phone hacking scandal. As a result of the subsequent trial, Coulson was sentenced to 18 months in jail.
In July 2011 Rupert Murdoch, along with his son James, provided testimony before a British parliamentary committee regarding phone hacking. In the U.K., his media empire remains under fire as investigators continue to probe reports of other phone hacking.
On 14 July, the Culture, Media and Sport Committee of the House of Commons served a summons on Murdoch, his son James, and his former CEO Rebekah Brooks to testify before a committee on 19 July. After an initial refusal, the Murdochs confirmed they would attend after the committee issued them a summons to Parliament. The day before the committee, the website of the News Corporation publication The Sunwas hacked, and a false story was posted on the front page claiming that Murdoch had died. Murdoch described the day of the committee “the most humble day of my life”. He argued that since he ran a global business of 53,000 employees and that the News of the World was “just 1%” of this, he was not ultimately responsible for what went on at the tabloid. He added that he had not considered resigning, and that he and the other top executives had been completely unaware of the hacking.
On 15 July, Murdoch attended a private meeting in London with the family of Milly Dowler, where he personally apologized for the hacking of their murdered daughter’s voicemail by a company he owns. On 16 and 17 July, News International published two full-page apologies in many of Britain’s national newspapers. The first apology took the form of a letter, signed by Rupert Murdoch, in which he said sorry for the “serious wrongdoing” that occurred. The second was titled “Putting right what’s gone wrong”, and gave more detail about the steps News International was taking to address the public’s concerns. In the wake of the allegations Murdoch accepted the resignations of Rebekah Brooks, head of Murdoch’s British operations, and Les Hinton, head of Dow Jones who was chairman of Murdoch’s British newspaper division when some of the abuses happened. They both deny any knowledge of any wrongdoing under their command.
On 27 February 2012, the following day after Murdoch’s controversial release of the Sun on Sunday, Deputy Assistant Commissioner Sue Akers informed the Leveson Inquiry that police are investigating a “network of corrupt officials” as part of their inquiries into phone hacking and police corruption. She said that evidence suggested a “culture of illegal payments” at the Sun newspaper and that these payments allegedly made by the Sun were authorised at a senior level.
In testimony on 25 April 2012, Murdoch did not deny the quote attributed to him by his former editor of The Sunday Times, Harold Evans: “I give instructions to my editors all round the world, why shouldn’t I in London?” On 1 May 2012, the Culture, Media and Sport Committee issued a report stating that Murdoch was “not a fit person to exercise the stewardship of a major international company”.
On 3 July 2013 Exaro and Channel 4 news broke the story of a secretly recorded tape. The tape was recorded by Sun journalists and in it Murdoch can be heard telling them that the whole investigation was one big fuss over nothing, and that he, or his successors, would take care of any journalists who went to prison. He said: “Why are the police behaving in this way? It’s the biggest inquiry ever, over next to nothing.”
Activities in the United States
Murdoch made his first acquisition in the United States in 1973, when he purchased the San Antonio Express-News. Soon afterwards, he founded Star, a supermarket tabloid, and in 1976, he purchased the New York Post. On 4 September 1985, Murdoch became a naturalized citizen to satisfy the legal requirement that only US citizens were permitted to own US television stations. This resulted in Murdoch losing his Australian citizenship.
In 1987 in Australia, he bought The Herald and Weekly Times Ltd, the company that his father had once managed. By 1990 News Corporation had built up debts of $7 billion (much from Sky TV in the UK). forcing Murdoch to sell many of the American magazine interests he had acquired in the mid-1980s. In 1993, it took exclusive coverage of the National Football League (NFL) from CBS and increased programming to seven days a week. In 1995, Murdoch’s Fox Network became the object of scrutiny from the Federal Communications Commission (FCC), when it was alleged that News Ltd.’s Australian base made Murdoch’s ownership of Fox illegal. However, the FCC ruled in Murdoch’s favour, stating that his ownership of Fox was in the best interests of the public. That same year, Murdoch announced a deal with MCI Communicationsto develop a major news website and magazine, The Weekly Standard. Also that year, News Corporation launched the Foxtel pay television network in Australia in partnership with Telstra. In 1996, Murdoch decided to enter the cable news market with the Fox News Channel, a 24-hourcable news station. Ratings studies released in 2009 showed that the network was responsible for nine of the top ten programs in the “Cable News” category at that time. Rupert Murdoch and Ted Turner (founder and former owner of CNN) are long-standing rivals. In late 2003, Murdoch acquired a 34 percent stake in Hughes Electronics, the operator of the largest American satellite TV system, DirecTV, from General Motors for $6 billion (USD). His Fox movie studio would go on to have global hits with Titanic and Avatar.
In 2004, Murdoch announced that he was moving News Corporation headquarters from Adelaide, Australia to the United States. Choosing a US domicile was designed to ensure that American fund managers could purchase shares in the company, since many were deciding not to buy shares in non-US companies.
News Corporation logo
On 20 July 2005, News Corporation bought Intermix Media Inc., which held Myspace, Imagine Games Network and other social networking-themed websites, for $580 million USD, making Murdoch a major player in online media concerns. In June 2011, it sold off Myspace for US$35 million. On 11 September 2005, News Corporation announced that it would buy IGN Entertainment for $650 million (USD).
In June 2014, Murdoch’s 21st Century Fox made a bid for Time Warner at $85 per share in stock and cash ($80 billion total) which Time Warner’s board of directors turned down in July. Warner’s CNN unit would have been sold to ease antitrust issues of the purchase. On 5 August 2014 the company announced it had withdrawn its offer for Time Warner, and said it would spend $6 billion buying back its own shares over the following 12 months.
On 8 May 2006, the Financial Times reported that Murdoch would be hosting a fund-raiser for Senator Hillary Clinton‘s (D-New York) Senate re-election campaign. In a 2008 interview with Walt Mossberg, Murdoch was asked whether he had “anything to do with the New York Post‘s endorsement of Barack Obama in the democratic primaries.” Without hesitating, Murdoch replied, “Yeah. He is a rock star. It’s fantastic. I love what he is saying about education. I don’t think he will win Florida… but he will win in Ohio and the election. I am anxious to meet him. I want to see if he will walk the walk.” Murdoch is a strong supporter of Israel and its domestic policies.
Murdoch is a supporter of more open immigration policies in western nations generally. In the United States, Murdoch and chief executives from several major corporations, including Hewlett-Packard, Boeing andDisney joined New York City Mayor Michael Bloomberg to form the Partnership for a New American Economy to advocate “for immigration reform – including a path to legal status for all illegal aliens now in the United States.” The coalition, reflecting Murdoch and Bloomberg’s own views, also advocates significant increases in legal immigration to the United States as a means of boosting America’s sluggish economy and lowering unemployment. The Partnership’s immigration policy prescriptions are notably similar to those of the Cato Institute and the U.S. Chamber of Commerce—both of which Murdoch has supported in the past.
The Wall Street Journal editorial page has similarly advocated for increased legal immigration, in contrast to the staunch anti-immigration stance of Murdoch’s British newspaper, The Sun. On 5 September 2010, Murdoch testified before the House Subcommittee on Immigration, Citizenship, Refugees, Border Security, and International Law Membership on the “Role of Immigration in Strengthening America’s Economy.” In his testimony, Murdoch called for ending mass deportations and endorsed a “comprehensive immigration reform” plan that would include a pathway to citizenship for all illegal immigrants.
Murdoch owns controlling interest in Sky Italia, a satellite television provider in Italy. Murdoch’s business interests in Italy have been a source of contention since they began. In 2010 Murdoch won a media dispute with then Italian Prime Minister Silvio Berlusconi. A judge ruled the then Prime Minister’s media arm Mediaset prevented News Corporation’s Italian unit, Sky Italia, from buying advertisements on its television networks.
Activities in Asia
In 1993, Murdoch acquired Star TV, a Hong Kong company founded by Richard Li for $1 billion (Souchou, 2000:28), and subsequently set up offices for it throughout Asia. The deal enables News International to broadcast from Hong Kong to India, China, Japan and over thirty other countries in Asia, becoming one of the biggest satellite TV networks in the east. However, the deal did not work out as Murdoch had planned, because the Chinese government placed restrictions on it that prevented it from reaching most of China.
In 1956 Murdoch married Patricia Booker, a former shop assistant and flight attendant from Melbourne and they had their only child, Prudence, in 1958. Rupert and Patricia Murdoch divorced in 1967.
On 25 June 1999, 17 days after divorcing his second wife, Murdoch, then aged 68, married Chinese-born Wendi Deng. She was 30, a recent Yale School of Managementgraduate, and a newly appointed vice-president of his STAR TV. Murdoch has two daughters with her; Grace (born 2001) and Chloe (born 2003). Rupert Murdoch has six children in all, and is grandfather to thirteen grandchildren. On 13 June 2013, a News Corporation spokesperson confirmed that Murdoch filed for divorce from Deng in New York City, U.S. According to the spokesman, the marriage had been irretrievably broken for more than six months. Murdoch also ended his long-standing relationship with Tony Blair after suspecting him of having an affair with Deng while they were still married.
Murdoch has six children. His eldest child, Prudence MacLeod, was appointed on 28 January 2011 to the board of Times Newspapers Ltd, part of News International, which publishes The Times and The Sunday Times. Murdoch’s eldest son Lachlan, formerly the deputy chief operating officer at the News Corporation and the publisher of the New York Post, was Murdoch’s heir apparent before resigning from his executive posts at the global media company at the end of July 2005. Lachlan’s departure left James Murdoch chief executive of the satellite television service British Sky Broadcasting since November 2003, as the only Murdoch son still directly involved with the company’s operations, though Lachlan has agreed to remain on the News Corporation’s board.
After graduating from Vassar College and marrying classmate Elkin Kwesi Pianim (the son of Ghanaian financial and political mogul Kwame Pianim) in 1993, Murdoch’s daughter Elisabeth, along with her husband, purchased a pair of NBC-affiliate television stations in California, KSBW and KSBY, with a $35 million loan provided by her father. By quickly re-organising and re-selling them at a $12 million profit in 1995, Elisabeth emerged as an unexpected rival to her brothers for the eventual leadership of the publishing dynasty’s empire. But after divorcing her first husband in 1998 and quarrelling publicly with her assigned mentorSam Chisholm at BSkyB, she struck out on her own as a television and film producer in London. She has since enjoyed independent success, in conjunction with her second husband, Matthew Freud, the great-grandson of Sigmund Freud (the founder of psychoanalysis) whom she met in 1997 and married in 2001.
It is not known how long Murdoch will remain as News Corporation’s CEO. For a while the American cable television entrepreneur John Malone was the second-largest voting shareholder in News Corporation after Murdoch himself, potentially undermining the family’s control. In 2007, the company announced that it would sell certain assets and give cash to Malone’s company in exchange for its stock. In 2007, the company issued Murdoch’s older children voting stock.
Murdoch has two children with Wendi Deng: Grace (b. New York, 19 November 2001) and Chloe (b. New York, 17 July 2003). It was revealed in September 2011 that Tony Blair is Grace’s godfather.There is reported to be tension between Murdoch and his oldest children over the terms of a trust holding the family’s 28.5 percent stake in News Corporation, estimated in 2005 to be worth about $6.1 billion. Under the trust, his children by Wendi Deng share in the proceeds of the stock but have no voting privileges or control of the stock. Voting rights in the stock are divided 50/50 between Murdoch on the one side and his children of his first two marriages. Murdoch’s voting privileges are not transferable but will expire upon his death and the stock will then be controlled solely by his children from the prior marriages, although their half-siblings will continue to derive their share of income from it. It is Murdoch’s stated desire to have his children by Deng given a measure of control over the stock proportional to their financial interest in it (which would mean, if Murdoch dies while at least one of the children is a minor, that Deng would exercise that control). It does not appear that he has any strong legal grounds to contest the present arrangement, and both ex-wife Anna and their three children are said to be strongly resistant to any such change.
In the 1997 film Fierce Creatures, the head of Octopus Inc. Rod McCain (initials R.M.) character is likely modelled after Murdoch.
In 1999, the Ted Turner owned TBS aired an original sitcom, The Chimp Channel. This featured an all-simian cast and the role of an Australian TV veteran named Harry Waller. The character is described as “a self-made gazillionaire with business interests in all sorts of fields. He owns newspapers, hotel chains, sports franchises and genetic technologies, as well as everyone’s favourite cable TV channel, The Chimp Channel.” Waller is thought to be a parody of Murdoch, a long-time rival of Turner’s.
In 2004, the movie Outfoxed included many interviews accusing Fox News of pressuring reporters to report only one side of news stories, in order to influence viewers’ political opinions.
In 2012, the satirical show Hacks, broadcast on UK-based Channel 4, made obvious comparisons with Rupert Murdoch using the fictional character ‘Stanhope Feast’, as well as other central figures in the phone hacking scandal.
Influence, wealth and reputation
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According to Forbes‘ 2013 list of richest Americans, Murdoch is the 33rd richest person in the US and the 91st richest person in the world, with a net worth of US$13.4 billion. In 2014, Forbes ranked “Rupert Murdoch & Family” as the 33rd most-powerful person in the world.
In August 2013, Terry Flew, Professor of Media and Communications at Queensland University of Technology, wrote an article for the Conversation publication in which he verified a claim by former Australian prime minister Kevin Rudd that Murdoch owned 70% of Australian newspapers in 2011. Flew’s article showed that News Corp Australia owned 23% of the nation’s newspapers in 2011, according to the Finkelstein Review of Media and Media Regulation, but, at the time of the article, the corporation’s titles accounted for 59% of the sales of all daily newspapers, with weekly sales of 17.3 million copies.
News Corp papers were accused of supporting the campaign of the Australian Liberal government and influencing public opinion during the 2013 federal election. Following the announcement of the Liberal Party victory at the polls, Murdoch tweeted “Aust. election public sick of public sector workers and phony welfare scroungers sucking life out of economy. Other nations to follow in time”.
Fox News boss Roger Ailes renews contract to remain CEO and chairman
Powerhouse executive signs multi-year contract a month after Rupert Murdoch passed reins of company to sons, which had put Ailes’s future at Fox in doubt
Roger Ailes – the powerhouse executive behind Fox News – has signed a new multi-year contract with 21st Century Fox that will see him continuing in his role as chairman and CEO of the channels. The move comes after it appeared Ailes was losing his grip on Fox.
Earlier this month media mogul Rupert Murdoch announced he would pass the reins of his TV, film and news empire to his sons James and Lachlan. Fox announced that Ailes, who has clashed with both sons, would now be reporting to Murdoch’s heirs.
Days earlier Fox Business had reported that Ailes would continue to report directly to Rupert Murdoch.
The company did not specify how long Ailes’s new contract would run but Murdoch and his sons gave the Fox boss a ringing endorsement. “Roger and I have always had, and will continue to have, a special relationship. Lachlan, James and I are delighted that Roger will be leading key businesses for us and our shareholders for years to come, and he has our unwavering support,” Rupert Murdoch said in a statement.
“Roger is an incredibly talented executive and we’re pleased he has accepted our offer to continue his extraordinary record of success at 21st Century Fox,” Lachlan and James Murdoch said in a joint statement. “We look forward to witnessing his energy and entrepreneurial drive in leading the next wave of growth for Fox News, Fox Business Network and Fox Television Stations, as well as many years of continued success together.”
The news is a major victory for Ailes whose relations with both sons has been strained at best. According to Ailes biographer Gabriel Sherman the Fox boss and James Murdoch have clashed over their views on the environment. Ailes is a hardcore rightwing climate change denier, James Murdoch has supported green causes and his wife once worked for the Clinton Foundation.
Lachlan Murdoch returned to Australia after a series of clashes with Ailes. According to Sherman’s biography, The Loudest Voice in the Room, Ailes bragged about moving into Lachlan’s vacant office. “Do you know whose chair I’m sitting in? I’m sitting in Lachlan Murdoch’s chair,” Ailes boasted to a colleague. “Do you know who’s sitting on the other side of that wall? Rupert Murdoch.”
Ailes’s contract was set to expire in 2016, the new deal will keep him at Fox through the presidential election and beyond. Under Ailes’s leadership Fox has been the highest-rated news channel in the US for 13 consecutive years.
The contract deal comes amid a series of top level changes in Murdoch’s empire. The billionaire businessman also announced on Thursday that Natalie Ravitz, Murdoch’s chief of staff and vice president of strategy, would be stepping down from her role and seeking “a leadership operating position.”
It is not yet clear whether Ravitz will stay with the company. Ravitz, previously a communications director with the New York City department of education, has looked after Murdoch’s personal affairs as well as business interests.
“I cannot say enough about the exceptional job Natalie has done for me, giving valued support across many functions. She is immensely talented and able, and has greatly benefited me and our companies. I am confident wherever Natalie chooses to go she will be an incredible asset and wish her all the best,” Murdoch wrote in a memo to staff.
There is rarely a good time to do hard things, and America won’t advance if legislators act like seat-warmers.
When I learned that House Majority Leader Eric Cantor had lost his Republican primary, my heart sank. Not simply because I think he is an intelligent and talented member of Congress, or because I worry about the future of the Republican Party.
Like others who want comprehensive immigration reform, I worried that Mr. Cantor’s loss would be misconstrued and make Congress reluctant to tackle this urgent need. That would be the wrong lesson and an undesirable national consequence of this single, local election result.
People are looking for leadership—those who stand for something and offer a vision for how to take America forward and keep our nation economically competitive. One of the most immediate ways to revitalize our economy is by passing immigration reform.
I chose to come to America and become a citizen because America was—and remains—the most free and entrepreneurial nation in the world. Our history is defined by people whose character and culture have been shaped by ambition, imagination and hard work, bound together by a dream of a better life.
Is the idea of immigration reform complicated by the fact that some immigrants went outside the legal system to be here? Yes. It is complicated even more by the fear some Americans have, quite naturally, of how changing populations might also change our culture, communities and economic circumstances.
Well, of course immigration means change. Immigrants enrich our culture and add to our economic prosperity.
You don’t have to take one immigrant’s word for it. The Partnership for a New American Economy, a bipartisan group of political and business leaders, reports that people who moved here from abroad or their children founded more than 40% of America’s Fortune500 companies—businesses that collectively employ millions of people.
Do Americans really wish Google,eBay,Pfizer or Home Depot were headquartered in Eastern Europe or China instead of America? Whether it’s a high-profile tech company or a small business employing just 10 people, 28% of all new American businesses started in 2011 were founded by immigrants. Those are entrepreneurial people we want to continue to attract to our economy.
I don’t believe that people come to America to sit on their hands. The vast majority of America’s immigrants are hardworking, family-minded individuals with strong values. They are drawn here from many different places by a common belief that this is still the land of opportunity for those willing to work hard.
We need to give those individuals who are already here—after they have passed checks to ensure they are not dangerous criminals—a path to citizenship so they can pay their full taxes, be counted, and become more productive members of our community.
Next, we need to do away with the cap on H-1B visas, which is arbitrary and results in U.S. companies struggling to find the high-skill workers they need to continue growing. We already know that most of the applications for these visas are for computer programmers and engineers, where there is a shortage of qualified American candidates. But we are held back by the objections of the richly funded labor unions that mistakenly believe that if we keep innovation out of America, somehow nothing will change. They are wrong, and frankly as much to blame for our stalemate on this issue as nativists who scream about amnesty.
If we are serious about advancing our economic future and about creating job growth here in America, then we must realize that it is suicidal to suggest closing our doors to the world’s entrepreneurs, or worse, to continue with large-scale deportations.
That is not to suggest we don’t need to do a far better job securing our border. Border security should be an integral part of a comprehensive solution, and we should not dismiss the concerns of states that are struggling to deal with the consequences of ongoing illegal immigration.
Some politicians and pundits will argue that this is not the time to bring immigration reform to the congressional floor—that it will frighten an already anxious workforce and encourage more extreme candidates, especially on the right. They may be right about the short-term politics, but they are dead wrong about the long-term interests of our country.
Maybe, as someone who came here as an immigrant, I have more faith in the compassion and fortitude of the American people, and in their ability to reject extreme views on either side of the political spectrum. Or maybe, as a businessman, I have learned that there is rarely a good time to do the hard things.
That is why I was pleased to see Sen. Rand Paul and Grover Norquist, president of Americans for Tax Reform, step up their efforts to lobby for immigration reform.
President Obama has shown wise restraint despite pressure from the left to act, recognizing that a bipartisan approach on such an immense issue would be best. Remember ObamaCare?
However, if Congress fails to even try to have this important debate, the president might feel tempted to act via executive order. I hope it doesn’t get to that point, given the furious political firestorm that would result.
All the more reason, then, to recognize that the facts are on the side of reform, and democratic societies don’t advance when our elected officials act like seat-warmers.
Mr. Murdoch is executive chairman of News Corp, which owns The Wall Street Journal.
You can add Rupert Murdoch’s name to the list of billionaires who not only profit from massive legal and illegal immigration, but who advocate for it. In an editorial for the Wall Street Journal, owned by News Corp, of which Murdoch is the Executive Chairman, Murdoch confesses his “heart sank” at the defeat of House Majority Leader Eric Cantor because he thought immigration reform would be thwarted.1
I suggest we get the definitions straight before we go any further. Because, we in the immigration reform movement have been using the term “immigration reform” for over two decades, referring to the porous border and chain migration and hoping that “immigration reform” would mean that we actually, you know, enforce the law.
When people like Murdoch, John McCain, Barack Obama, and Luis Guitierez use the term, they mean amnesty. Murdoch makes a number of mistakes in his Op-Ed. First one is to refer to his “worry about the future of the Republican Party.” It makes one wonder if he is ignorant of the political history of immigration politics, or a corrupt liar.
Rupert Murdoch is in favor of the amnesty for political reasons? If so, he is terribly confused. Because, it won’t result in votes for Republicans. How can I be so sure? Because, it never has.
This issue has been discussed and analyzed by many people, including this writer.
Many in the media get it wrong.
The following statement gets it right.
Passing an amnesty for illegal aliens, most of whom are from Mexico, will do nothing to earn Republicans the Hispanic vote… period. Nothing! Zip, zero, nada!
Polling data of Hispanic voters do not support Murdoch’s claim, which is, if you think about it, not only wrong, but an insult to Hispanic Americans. The head of FOX News is suggesting that the Hispanic vote can be bought by Republicans if they ignore, excuse, and reward lawbreakers who happen to be Hispanic with amnesty.
A quick review:
Let’s look at who won the Hispanic vote in the past nine presidential races and their position on enforcement and amnesty.
• In 1980 and in 1984 Ronald Reagan received 35 percent and 37 percent of the Hispanic vote, respectively.
• In 1986 Reagan signed the IRCA Amnesty,2 which began in 1987 and legalized over 3 million illegal aliens, mostly from Mexico, with 12–15 million additional beneficiaries from chain migration.
Hispanics were overwhelmingly beneficiaries of the amnesty.
• In 1988, less than two years after the amnesty went into effect, George H.W. Bush, who supported the IRCA as Vice President, got only 30 percent of the Hispanic vote, 7 points fewer than Reagan.
• In 1992 Bush Senior saw his Hispanic vote total decline to 25 percent, a 12-point drop from Reagan’s second election, and he lost the presidency to Bill Clinton.
• In 1996, five weeks before the November election, Clinton signed the Illegal Immigration Reform and Immigrant Responsibility Act of 1996 (IIRIRA),3 the toughest immigration enforcement legislation since Eisenhower’s Operation Wetback4 in the 1950s. The result? Hispanics rewarded Clinton with a staggering 71 percent of the vote for his re-election.
• In 2000, George W. Bush received 35 percent of the Hispanic vote. Al Gore, the Vice President at the time of the 1996 IIRIRA, got 62 percent.
• In 2004 George Bush, after making anti-amnesty comments, increased his Hispanic support to 40 percent.
During the 2008 presidential race, Barack Obama said, “I will make sure that the federal government does what it’s supposed to do…a better job of closing our borders and preventing hundreds of thousands of people to pour in.”
• Obama also voted for the secure border fence bill in 2008 and still got 67 percent of the Hispanic vote.
Now, pay attention
• Obama’s opponent in 2008, Sen. John McCain (R-AZ), was the first presidential candidate who actually advocated for and wrote an amnesty bill for illegal aliens. Senator McAmnesty got 31 percent of the Hispanic vote to Obama’s 67 percent. McCain didn’t even win a majority of Hispanic votes in Arizona, where everybody knows he supports amnesty.
And, in November 2012;
• Republican presidential candidate Mitt Romney, who endorsed an amnesty on Meet the Press in 2005, won only 27 percent of the Hispanic vote.
• President Obama, whose Department of Homeland Security lied all year long that they deported more illegal aliens than George Bush did, won 71 percent of the Hispanic vote.
Now, in light of these FACTS: as follows does Mr. Murdoch actually believe his own words? Don’t believe for a minute that an amnesty will get the Republicans votes. It will actually cost them votes, as McCain learned.
Pat Buchanan put it succinctly in, The Bell Tolls for the “New Majority,”5 “So what are the Republicans doing? Going back on their word, dishonoring their platform, and enraging their loyal supporters, who gave Mitt 90 percent of his votes, to pander to a segment of the electorate that gave Mitt less than 5 percent of his total votes.Whom the gods would destroy they first make mad.”
It has been proven over and over and over again that amnesty, or talk of an amnesty, doesn’t translate into votes for Republicans.
Murdoch also refers to revitalizing the American economy.
The U.S. Census Bureau predicted a decade ago that we were importing two generations of poverty. As each year passes, the generations of the future are repopulated with poverty.
I would suggest that one of the most immediate ways to revitalize our economy would be to pass a tax cut, offer Americans a tax rebate, and adopt the Mack Penny Plan6 for future federal government budgets. That would do nicely, for a start.
But I get what Mr. Murdoch is referring to, because I’ve been saying it for years. He is referring to new customers. Mass legal and illegal immigration brings new customers to America. That’s what this is all about. Yes, it’s about jobs too, but it is what they do with their paychecks, which is the goal of those who want to throw down the borders and let anyone in who can get here.
Certainly business wants as cheap a labor force as they can get. But, cheap labor is a smaller part of the equation.
And, certainly, Democrat strategists want new voters, which illegal aliens could become if they are given amnesty with a pathway to citizenship. No, not because of the amnesty, that is the myth that was demolished above. But, because illegal aliens will be low income wage earners, so will their kids, so that’s two generations in poverty, and low income people, be they Hispanic, black, white, whatever, when they do vote, do not vote for Republicans.
The big one is new customers. As the baby boomers age out of the consuming cycle they need to be replaced, and that is what the desire to let millions of mostly young people into the country, call it amnesty or call it “comprehensive immigration reform,” is all about.
Illegal aliens are perfect new consumers. Be they from Mexico or Central America, they have grown up watching American movies and American TV shows. They know exactly how we live here and they want to come and live like us. And, who can blame them, really? Their own countries are hellholes, dominated by thugs and drug cartels; who wouldn’t want to escape?
When an illegal alien arrives here they have nothing but the clothes on their back, and a water jug. They pitch the water jug and hop into the load car and are off to their new lives in the land of opportunity. And for them, as well as us, it is indeed the land of opportunity.
That is what Rupert Murdoch is referring to, new customers. Is he hoping that he will attract new viewers to FOX News Latino? You be the judge.
I am just a poor boy
Though my story’s seldom told
I have squandered my resistance
For a pocketful of mumbles
Such are promises
All lies and jest
Still, a man hears what he wants to hear
And disregards the rest
When I left my home and my family
I was no more than a boy
In the company of strangers
In the quiet of a railway station
Laying low, seeking out the poorer quarters
Where the ragged people go
Looking for the places only they would know
Lie-la-lie . . .
Asking only workman’s wages
I come looking for a job
But I get no offers
Just a come-on from the whores on Seventh Avenue
I do declare there were times when I was so lonesome
I took some comfort there
Lie-la-lie . . .
Now the years are rolling by me
The are rocking easily
I am older than I once was
And younger than I’ll be
But that’s not unusual
No, it isn’t strange
After changes upon changes
We are more or less the same
After changes we are
More or less the same
Then I’m laying out my winter clothes
And wishing I was gone
Where the New York City winters aren’t bleeding me
In the clearing stands a boxer
And a fighter by his trade
And he carries the remainders
Of every glove that laid him down
And cut him till he cried out
In his anger and his shame
“I am leaving, I am leaving”
But the fighter still remains
Lie-la-lie . . .
Trump says CAN’T promise not to run third party campaign
2016 Republican Party President Debate – 6 August 2015
Post debate analysis of 1st Republican Presidential Debate 2016 – The Kelly File
Rand Paul Closing Statements – FOX GOP Debate
FULL Debate: First Republican Presidential Debate: Lower Tier Candidates (8-6-15)
First GOP Debate: Rick Perry & Carly Fiorina BASH Donald Trump
How presidential contenders stack up before first debate
Simon & Garfunkel, Bridge Over Troubled Water, Central Park – Thanks
SIMON & GARFUNKEL – Sound of silence (1967 Live)
Who Won the Republican Presidential Debate?
Ten leading candidates for the nomination faced off in Cleveland, and some fared better than others.
John Minchillo / AP
THE EDITORS AUG 6, 2015
Anyone who thought that Donald Trump would take a conciliatory tack in the first Republican debate was quickly disillusioned. Chris Wallace, one of the Fox News moderators, asked if any candidate was unwilling to pledge to support the eventual GOP nominee. And Trump, offering his best, most dramatic shrug, happily refused to take the pledge.
That set the tone for the rest of the night: First, the moderators weren’t going to pull any punches. Throughout the evening, they probed the candidates’ greatest perceived weaknesses. And second, Trump had no intention of abandoning the act that’s carried him from perennial joke to the top of the Republican presidential-nomination field.
It was a debate marked by conversations about immigration, abortion, and foreign policy—especially about Iran. The discussion of race relations, the biggest news story of the last year, was notably sparse. It took more than 90 minutes until a candidate received a #BlackLivesMatter question, and when it came, the candidates opted to tread lightly, avoiding unforced errors.
The evening also lacked many direct battles between the candidates. That was partly a factor of the format, but when asked to critique or speak directly to an onstage rival, the hopefuls often demurred.
That made the two big battles of the night all the more notable. In the first, New Jersey Governor Chris Christie and Kentucky Senator Rand Paul battled over terrorism and civil liberties, with Christie accusing the senator of failing to understand the threat to the nation—and Paul tartly responding that Christie failed to understand the Bill of Rights. Later, Christie tangled with former Arkansas Governor Mike Huckabee, who has presented himself as a defender of entitlements for workers and seniors.
And there was Trump, of course. He was, inevitably, one of the standouts of the night. Although he mostly avoided taking direct shots at his opponents, he couldn’t resist battling the moderators. They hardly relented, asking him about boorish comments about women; his slurs against Mexican immigrants; his previous Democratic allegiance; his past description of himself as pro-choice; and his donations to Hillary Clinton.
Trump repeatedly took issue with questions and interrupted the hosts, and what he lacked in coherence or detail, he made up for in bluster and grievance. Some of the questions seemed to play directly into his hands. Whether the night was good or bad for Trump remains to be seen—I’ve learned better in recent weeks than to try to predict whether the real-estate mogul’s comments will redound to his benefit or disadvantage.
But it’s interesting to watch Trump turn his weaknesses into strengths, which he does with an ease that eludes some long-time politicians. And he has plenty of weaknesses. He seems to be betting that his clear anger can, well, trump all of those flaws. Asked about donating to Clinton, for example, Trump delivered what amounted to a rousing defense of crony capitalism, saying that as a businessman he did what he had to. Later, asked about his companies declaring bankruptcy, he insisted he was just shrewdly taking advantage of the system.
He seems to be saying to the disaffected everyman Republican who’s angry at Washington and angry at his leaders: Yes, you’re right. The system is rigged. Would you rather elect a guy who’s part of that, or a guy who sits outside it and is shrewd enough to get rich from it? The hope is that they’ll respect his hustle and his ability to take advantage of that rigging, rather than viewing him as an elite charlatan.
Among the other candidates, former Florida Governor Jeb Bush was able to make a strong impression and get lots of camera time but he also faced several difficult questions from the moderators, and he didn’t always have ready answers. Despite being asked repeatedly about the war in Iraq, Bush still doesn’t have a punchy and persuasive response (a problem he shares with Hillary Clinton). He also stumbled in replying to questions about his membership on the board of Bloomberg Philanthropies and about the Common Core.
Florida Senator Marco Rubio gave one of the best performances of the night, showing why so many commentators remain bullish on his prospects despite his middling poll numbers. Rubio delivered strong and detailed answers, appearing poised and in command of his material. His best line of the night came early on, when he noted that he’d only recently paid off his student loans and asked, “How is Hillary Clinton going to lecture me about living paycheck to paycheck?”
Yet perhaps the most surprising showing came from Chris Christie. His presidential campaign has widely been viewed as past its expiration date. But he was able to capitalize on his everyman persona Thursday night—speaking in detail, delivering his responses with passion, and picking his fights without letting his temper get the better of him.
Not everyone had such a strong night. Wisconsin Governor Scott Walker has consistently run alongside Bush and Trump atop polls, but his answers on Thursday night were forgettable. In his closing statement, he promised he was “aggressively normal,” but Walker’s problem in Cleveland was that the “aggressive” hardly came through. That’s not the worst-possible scenario for him: He avoided committing a serious gaffe, despite repeated questions that seemed aimed at testing his knowledge of foreign policy, and his strong showing to this point means this debate is unlikely to prove decisive for his prospects.
Ben Carson, a first-time debater and candidate, seemed listless and low-energy, and while he faithfully repeated the culture-war mantras that have won him fans, he didn’t have direct answers to almost any of the questions he fielded. (Carson did score some late points with a couple of funny jokes about brain removal in his closing statements.) Rand Paul also seemed a bit lost on stage. At his best, Paul is able to use the rest of the field as his foil, but on Thursday, he fumbled questions about Iran and foreign aid to Israel, passing up opportunities to land punches on his rivals. Beset by campaign scandal and fundraising struggles, Paul needed a strong performance, and he failed to produce one.
Texas Senator Ted Cruz and Huckabee, meanwhile, made up the middle of the pack and presented an interesting contrast. Both are charismatic figures vying for the social conservative vote. Cruz stuck mostly to his tried and true lines, and boasted of the long list of legislation that he has proposed in the Senate (without emphasizing the fact that none of it has become law). Huckabee, meanwhile, threw red meat to religious conservatives while playing up a populist case for entitlements.
The biggest question mark of the night is John Kasich. The Ohio governor was the last man to make it onto the stage, polling lowest among the 10 candidates who made the cut. At times, he seemed in command, but he also didn’t have a good answer to a question about accepting Medicaid expansion under Obamacare. Was his performance enough to make it to the next stage, or will a standout from the “kids’ table” debate earlier—perhaps consensus champion Carly Fiorina—take his spot? —David A. Graham
Republican debate veers between two subjects: America and Trump
By David A. Fahrenthold and Sean SullivanAugust 6 at 11:05 PM
At times, the other nine candidates on stage debated serious policies—immigration, the nuclear deal with Iran, government surveillance, the future of Social Security. And then, at times, the debate veered to Trump himself: a sharp-edged candidate who can say things that would torpedo anybody else on stage.
Earlier in the debate, Trump defended himself against questions about his companies’ multiple bankruptcy filings during Thursday night’s first major Republican primary debate, saying that he had “taken advantage” of the country’s bankruptcy in order to help his businesses.
“Out of hundreds of deals—hundreds–on four occasions, I’ve taken advantage of the laws of this country, like other people,” Trump said, in response to a question from moderator Chris Wallace. “The difference is, when somebody else uses those laws, nobody writes about it. When I use it, it’s like, ‘Oh, Trump, Trump, Trump.”
In one of the non-Trump-related exchanges, New Jersey Gov. Chris Christie and Paul (got into a heated argument about the limits of government surveillance during Thursday night’s first major Republican debates, in an exchange that showcased two competing poles of Republican thought about security and privacy.
“I want to collect more records from terrorists, but less records from innocent Americans,” said Paul, the son of libertarian icon Ron Paul, and one of the party’s strongest advocates for limiting government collection of Americans’ phone records and other data.
“That’s a completely ridiculous answer,” said Christie, a former federal prosecutor, who has said that the Sept. 11, 2001 terrorist attacks illustrated the need for broad-ranging collection of intelligence. “How are you supposed to know?”
“Use the Fourth Amendment! Get a warrant!” Paul responded.
Christie countered with the age-old insult that governors use against senators: “When you’re sitting in a subcommittee, blowing hot air about this,” the problem might seem easy, he said.
Paul retorted with the age-old insult that other Republicans use against Christie. “I don’t trust President Obama,” with records, he said. “I know you gave him a big hug.”
On a stage with 10 candidates, some seemed almost to disappear—neurosurgeon Ben Carson, Wisconsin Gov. Scott Walker, and Sen. Ted Cruz (Texas) all struggled for air time. Others broke with the hard-edged cultural conservatism that dominated the 2012 Republican primary. Ohio Gov. John Kasich said he had attended a same-sex wedding, and described that the Supreme Court decision legalizing same-sex marriage should be accepted as the law of the land.
Former Florida governor Jeb Bush defended an earlier statement calling immigration—including illegal immigration—“an act of love.”
“I believe that the great majority of people coming here illegally have no other option, and they want to provide for our family. But we need to control our border,” Bush said, pivoting to his plans to crack down on illegal immigration. He also returned to an idea that other Republicans have rejected: “There should be a path to earned legal status,” for illegal immigrants already in this country, Bush said. Others have rejected any pathway to legal status as “amnesty.”
But, time and again, the debate returned to Trump—and his long history of over-the-top statements, and flirtations with Democrats and Democratic ideas. At one point, Trump reiterated what—for any other candidate—would be a radioactive statement. He liked nationalized-single-payer health-care system—at least, as it worked in other countries.
“It works in Canada. It works incredibly well in Scotland. It could have worked” in the U.S. at one point, Trump said. Still, he said, he now supports a more modest set of health-care reforms, including allowing consumers to buy insurance across state lines.
Paul spoke up, saying that Trump was on the wrong side of everybody by praising a single-payer system. Trump brushed him off. “I don’t think you heard me. You’re having a hard time tonight,” he said.
In the debate’s second hour, there was a civil exchange between Christie and former Arkansas governor Mike Huckabee about how to reform Social Security. Christie urged some reforms: raising the age at which seniors are eligible for the benefits, and allowing well-off seniors to collect less. Huckabee resisted those changes, saying that any reduction in anyone’s Social Security benefits was “fundamentally lying to the people, and stealing from them.”
“He’s complaining about the lying and stealing–the lying and stealing has already occurred,” Christie said, meaning that the Social Security trust fund was already under-funded.
Earlier in the debate, Trump took credit for bringing the subject of immigration into the 2016 presidential campaign during the first major GOP candidates’ debate on Thursday evening, in a sharp-edged performance in which he also indicated he might run as a third-party candidate if Republicans don’t choose him.
“If it weren’t for me, you wouldn’t even be talking about illegal immigration, Chris. You wouldn’t be talking. This wasn’t a subject,” Trump said to one moderator, Fox News’ Chris Wallace. Wallace also tried to press Trump to produce evidence for a key Trump claim: that the Mexican government was actively dispatching illegal immigrants over the border. Trump cited only conversations with “Border patrol. People, that I deal with, that I talk to, they say, this is what’s happening.”
He said he remained convinced that the Mexican government was orchestrating immigration, in order to avoid paying benefits and other costs associated with its own citizens. “The stupid leaders of the United States will do it for ‘em, and that’s happening, whether you like it or not.”
At the beginning of the debate, Paul had shown himself willing to attack Trump. But not everyone thought that was wise.
“They say we’re outspoken, we need to take lessons from Donald Trump,” Ohio Gov. John Kasich said, when Wallace asked him to critique Trump’s assertion. “He’s hitting a nerve.”
Sen. Marco Rubio (Fla.), also prompted to criticize Trump, also refused.
“People are frustrated,” he said.
As the debate’s first question, moderators asked candidates to raise their hand if they would not forswear running a third-party campaign against the GOP candidate. None of the 10 onstage raised their hand. And then, after theatrical pause, Trump did.
“I cannot say, ‘I have to respect the person, who is not me,’” Trump said, as the crowd booed him. “We want to win, and we will win. But I want to win as the Republican. I want to run as the Republican nominee.”
Immediately, Paul attacked, saying that Trump was “hedging his bets,” and accusing him of being too close to the Clinton family. “He’s already hedging his bets on the Clintons,” Paul said, pointing in Trump’s direction. “He’s already hedging his bets, because he’s used to buying politicians.”
Just as in 2012, the primary showcased the GOP’s combative side. The crowd cheered when a moderator mentioned that Cruz had called Senate Majority Leader Mitch McConnell (Ky.)—one of the top Republicans in Washington—a “liar.” And onstage, Trump continued to be the best at embodying that edge. When moderator Megyn Kelly asked Trump about past statements criticizing women for their appearance, Trump responded by saying, “Only Rosie O’Donnell.”
He then turned on Kelly herself, suggesting she was on thin ice by even asking the question.
“I don’t frankly have time for total political correctness. And to be honest with you, this country doesn’t have time, either,” Trump said, as the crowd cheered. “If you don’t like it, Megyn, I’m sorry. I’ve been very nice to you. Although I could maybe not be, based on the way you have treated me.”
Other candidates sought to distinguish themselves in the debate’s first few minutes. Huckabee attacked Planned Parenthood by saying that it sold parts of aborted fetuses “like parts to a Buick.” Rubio, whose parents were Cuban immigrants, said that he could debate Hillary Rodham Clinton about what’s best for families living paycheck-to-paycheck, because he had lived that way.Bush—the son and brother of presidents—responded to a question about his family legacy by saying that “They called me Veto Corleone,” in Florida, he said, because he had vetoed so many bills. “I’m my own man.”
The two-hour debate, which began at 9 p.m. on Fox News Channel, ties the record for most candidates in any primary-season debate. And that’s not even the whole field: earlier Thursday evening, seven other, lower-polling candidates held a separate debate in the same Cleveland arena.
In that undercard, former tech executive Carly Fiorina stood out, with pointed attacks on Democratic front-runner Hillary Rodham Clinton–and on Trump himself.
“I didn’t get a call from Bill Clinton before the campaign,” she said, referring to a phone call reported by the Washington Post on Wednesday, in which Clinton encouraged Trump to get more involved in GOP politics. As it turned out, Trump has kneecapped the major projected rivals for the Democratic front-runner, who happens to be Clinton’s wife.
Fiorina also noted Trump’s history of position changes: “Since he has changed his mind on amnesty, on health care and on abortion, I would just ask, ‘What are the principles on which he will govern?’”
In the evening’s first debate among second-tier candidates, the person who seemed to do herself the most good was Fiorina, the only woman in the debate, and the only non-politician on a stage full of current and former senators and governors.
Fiorina talked about her experience meeting with foreign leaders, and urged greater cooperation with Israel, and with Arab countries that want to fight the Islamic State. She said she would personally call Iran’s Supreme Leader on her first day in office, to let him know that the U.S. would insist on tougher inspections of nuclear facilities, regardless of the deal recently negotiated by the Obama administration.
Fiorina said that, under her leadership, people would know “America is back in the leadership business.”
She stood out.
But, in this undercard, it was a low bar. The candidates largely agreed with each other, about wanting to undo President Obama’s policies on health care, immigration and Iran. The next 10 candidates will likely say something similar.
And, in this debate, the seven candidates had to begin by answering some version of a humiliating question: If you’re here, at the matinee, why don’t you just give it up?
“Has your moment passed, senator?” a moderator asked former Pennsylvania senator Rick Santorum at the beginning.
“If the people of Louisiana are not satisfied, what makes you think the people of this nation should be?” a moderator asked Gov. Bobby Jindal (R-La.), after describing his dismal poll numbers.
“Is it time for new blood?” was the question for former Virginia governor Jim Gilmore, who hasn’t run for office in more than a decade.
Did you miss your moment? the moderator asked former New York governor George E. Pataki, who had considered, then abandoned a presidential bid in the past. Pataki’s answer was a strange contortion: “I was ready to lead” back then, Pataki said. “But I wasn’t ready to run.”
The most pointed moment came when Santorum compared the recent Supreme Court decision legalizing same-sex marriage to one of the most infamous decisions in American history.
Asked if the same-sex marriage decision was “settled law,” Santorum responded, “It is not, any more than Dred Scott was settled law to Abraham Lincoln.”
He meant the 1857 Supreme Court decision in Dred Scott vs. Sandford, in which the court declared that African Americans could not be citizens. President Lincoln later–during the middle of a Civil War fought over the issue of slavery–issued the Emancipation Proclamation, freeing slaves in defiance of the Scott ruling’s racist logic.
For the most part, however, the group did little to move themselves out of the back of the pack.
Meanwhile, Democrats announced Thursday that their debate season will kick off Oct. 13 in Nevada. The first debate will be followed by five others for the Democrats, a schedule that led a pair of underdog candidates to swiftly complain that there should be more.
Ed O’Keefe and Philip Bump contributed to this report.
Fox News Couldn’t Kill Trump’s Momentum and May Have Only Made It Stronger
Aug 7, 2015 5:30 AM CDT
Judging by Thursday’s electric debate, he may have sensed his true opponent before anyone else had a clue: the network.
A few hours before Thursday’s Fox News debate, a friend of Donald Trump’s confided to me that Trump was nervous. Not about the competition—he could handle them. No, Trump worried about Fox News, and in particular, debate moderator Megyn Kelly. She’d been hammering him all week on her show, and he was certain she was out to get him. He’d canceled a Fox News appearance on Monday night, the friend said, in order to avoid her. (Trump’s spokeswoman wouldn’t confirm or deny this.)
It turns out Trump was right. His toughest opponents Thursday night weren’t the candidates up on stage, but the Fox News moderators, who went right after him—none with more gusto than Kelly.
Kelly, the whip-smart queen of Fox News’ blonde stunners, went straight for the jugular. “You’ve called women you don’t like fat pigs, dogs, slobs and disgusting animals,” she admonished Trump. “Does that sound to you like the temperament of a man we should elect as president?”
But Trump saw her coming a mile away and cut her off. “Only Rosie O’Donnell,” he barked, drawing cheers from the crowd. When Kelly tried to point out that he had insulted more women than O’Donnell, Trump, as he would all night, steamrolled right past her. “The big problem this country has is being politically correct,” Trump practically shouted, invoking conservatives’ favorite term of disdain. “I’ve been challenged by so many people and I don’t frankly have time for total political correctness and to be honest with you this country doesn’t have time either.” The crowd went wild.
Maybe they were cheering because the question was apropos of something Rachel Maddow would ask, and they were, after all, Republicans. But I think they were cheering because it was clear, at that moment, that Trump was going to be Trump, and wasn’t going to heed the pundits and phonies to tone down his act. According to a report in New York magazine, even his own daughter, Ivanka, was making that case.
When it became clear last week that Trump was the Republican front-runner, everyone assumed that the big battle shaping up in Republican politics was going to be between Trump and former Florida Governor Jeb Bush. But judging by Thursday’s raucous, electric debate, Trump may have sensed his true opponent before anyone else had a clue: It’s Fox News. Throughout the evening, Trump and his inquisitors battled back and forth like gladiators. Both parties emerged as huge winners. Though nearly devoid of substance, it was the most entertaining debate I’ve ever seen.
Trump led the way. His ethos—the blustering bravado and aggression—became the ethos of the whole affair. New Jersey Governor Chris Christie went bananas on Kentucky Senator Rand Paul. The crowd was roaring throughout. There was none of the stilted, awkward talk of the junior debate earlier in the evening. Political Twitter was throbbing with joy and satisfaction.
Hurling insults, Trump went after O’Donnell, political reporters, Bowe Bergdahl, China, Mexico, Japan, money lenders, and practically everyone in Washington. “Our leaders are stupid,” he said, “Our politicians are stupid.” He did stop short of calling Mexicans “rapists,” but not by much. “We need to build a wall, and it has to be built quickly,” he said. “We need to keep illegals out.”
While the moderators went after Trump, the candidates mostly shied away from him. In fact, consciously or otherwise, several echoed his points and nearly everyone tried to match his energy. Some even seemed to genuflect. “Donald Trump is hitting a nerve in this country,” Ohio Governor John Kasich said at one point. “Mr. Trump is touching a nerve because people want to see a wall being built.”
Only Paul mustered the nerve to launch a pair of (pretty weak) direct attacks. He might have regretted it. Trump dispatched him with a single, withering aside (“You’re having a hard time tonight”) that was all the more effective because it was true.
Trump’s Fox News antagonists had their moments, too. When moderator Chris Wallace invoked the four bankruptcies his companies have suffered, Trump, seeming genuinely angry, repeatedly fell back on an oddly phrased legalism: “I have used the laws of this country just like the greatest people you read about in the business section,” he said.
But it was Kelly who inflicted the deepest cut by rattling off the liberal positions Trump once held and stopping him cold with the question: “When did you actually become a Republican?” Trump’s bluster escaped him. He stammered nervously and seemed lost. “I’ve evolved on many issues over the years, and do you know who else has? Ronald Reagan,” he said feebly. “Very much evolved.” That’s as un-Trump-like a phrase as I’ve heard from him, something more befitting 2012 nominee Mitt Romney.
What’s more interesting than any Trump question or answer, though, was the larger dynamic at play. If Fox News has really turned on Trump, it will add a fascinating new twist to the race. Right now, Trump is the dominant candidate in the field because he has exerted a broad appeal to every part of the Republican Party. How might those Republicans react to Fox News—their own network!—aggressively trying to take down their favorite candidate?
To find out, I called Janet Roberts, 69, a nurse in Bellville, Ohio, who participated in last week’sBloomberg Politics poll and supported Trump (“He has the balls to stand up to the career politicians”). She had agreed to give me her reaction immediately after the debate. When I called, Roberts was furious. “I had more emotion about Fox News tonight than I did about Donald Trump,” she told me. “Those questions were not professional questions. They were bullying. They were set up to purposely make them all look bad. Our country is a mess and I feel like the debate was an example of that. I’m still with Trump.”
In fact, Roberts said, after watching the debate, she felt even more strongly than before. “He was very composed,” she said. “It’s probably difficult for him, because he’s a very opinionated person.”
We won’t know for a few more days if other Republicans reacted to the debate as Roberts did. But my guess is that Trump didn’t hurt himself and might even emerge stronger than before. There’s an unspoken accord between Trump and his supporters that Thursday’s debate can only have intensified. Trump rants and raves in language that upsets and scandalizes the establishment. In return, his fans annoy the elite know-it-alls by rallying to him anyway. Together, they raise a big middle finger to everyone. That’s the art of the deal.
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THE 2016 FIELD: WHO’S IN AND WHO’S THINKING IT OVER
A whopping 22 people from America’s two major political parties have declared themselves candidates in the 2016 presidential election.
The field includes two women, an African-American and two Latinos. All but one in that group – Hillary Clinton – are Republicans.
At 17 candidates, the GOP field is deeper than ever. A few Democrats are still assessing their chances at succeeding in a much smaller group of five whose front-runner has been defined from the very beginning.
REPUBLICANS IN THE RACE
Jeb Bush Former Florida governor
Résumé: Former Florida governor and secretary of state. Former co-chair of the Barbara Bush Foundation for Family Literacy.
Education: B.A. University of Texas at Austin.
Family: Married to Columba Bush (1974), with three adult children. Noelle Bush has made news with her struggle with drug addiction, and related arrests. George P. Bush was elected Texas land commissioner in 2014. Jeb’s father George H.W. Bush was the 41st President of the United States, and his brother George W. Bush was number 43.
Claim to fame: Jeb was an immensely popular governor with strong economic and jobs credentials. He is also one of just two GOP candidates who is fluent in Spanish.
Achilles heel: Bush has angered conservatives with his permissive positions on illegal immigration (saying some border-crossing is ‘an act of love) and common-core education standards. His last name could also be a liability with voters who fear establishing a family dynasty in the White House.
Chris Christie New Jersey governor
Base: Establishment-minded conservatives
Résumé: Governor of New Jersey. Former U.S. Attorney for the District of New Jersey. Former Morris County freeholder and lobbyist.
Governor of New Jersey. Former U.S. Attorney for the District of New Jersey. Former Morris County freeholder. Former statehouse lobbyist.
Education: B.A. University of Delaware, Newark, J.D. Seton Hall University.
Family: Married to Mary Pat Foster (1986) with four children.
Claim to fame: Pugnacious and unapologetic, Christie once told a heckler to ‘sit down and shut up’ and brings a brash style to everything he does. That includes the post-9/11 criminal prosecutions of terror suspects that made his reputation as a hard-charger.
Achilles heel: Christie is often accused of embracing an ego-driven and needlessly abrasive style. His administration continues to operate under a ‘Bridgegate’ cloud: At least two aides have been indicted in an alleged scheme to shut down lanes leading to the George Washington Bridge as political retribution for a mayor who refused to endorse the governor’s re-election.
Carly Fiorina Former CEO
Résumé: Former CEO of Hewett-Packard. Former group president of Lucent Technologies. Former U.S. Senate candidate in California.
Education: B.A. Stanford University. UCLA School of Law (did not finish). M.B.A. University of Maryland. M.Sci. Massachusetts Institute of Technology.
Family: Married to Frank Fiorina (1985), with one adult step-daughter and another who is deceased. She has two step-grandchildren. Divorced from Todd Bartlem (1977-1984).
Claim to fame: Fiorina was the first woman to lead a Fortune 20 company, something that could provide ammunition against the Democratic Party’s drive to make Hillary Clinton the first female president. She is also the only woman in the 2016 GOP field, making her the one Republican who can’t be accused of sexism.
Achilles heel: Fiorina’s unceremonious firing by HP’s board has led to questions about her management and leadership styles. And her only political experience has been a failed Senate bid in 2010 against Barbara Boxer.
Lindsey GrahamSouth Carolina senator
Religion: Southern Baptist
Base: Otherwise moderate war hawks
Résumé: U.S. senator. Retired Air Force Reserves colonel. Former congressman. Former South Carolina state representative.
Education: B.A. University of South Carolina. J.D. University of South Carolina Law School.
Family: Never married. Raised his sister Darline after their parents died while he was a college student and she was 13.
Claim to fame: Graham is a hawk’s hawk, arguing consistently for greater intervention in the Middle East, once arguing in favor of pre-emptive military strikes against Iran. His influence was credited for pushing President George W. Bush to institute the 2007 military ‘surge’ in Iraq.
Achilles heel: Some of his critics have taken to call him ‘Grahamnesty,’ citing his participating in a 2013 ‘gang of eight’ strategy to approve an Obama-favored immigration bill. He has also aroused the ire of conservative Republicans by supporting global warming legislation and voting for some of the president’s judicial nominees.
Bobby Jindal Louisiana governor
Base: Social conservatives
Résumé: Governor of Louisiana. Former congressman. Former Assistant Secretary of Health and Human Services for Planning and Evaluation. Former Secretary of the Louisiana Department of Health and Hospitals.
Education: B. Sci. Brown University. M.Litt. New College at Oxford University
Family: Married to Supriya Jolly (1997), with three children, each of whom has an Indian first name and an American middle name. Bobby Jindal’s given name is Piyush.
Claim to fame: Jindal’s main source of national attention has been his strident opposition to federal-level ‘Common Core’ education standards, which included a federal lawsuit that a judge dismissed in late March. He is also outspoken on the religious-freedom issues involved in mainstreaming gay marriage into the lives of American Christians.
Achilles heel: During his first term as governor, Jindal signed a science education law that requires schools to present alternatives to the theory of evolution, including religious creationism. His staunch defense of businesses that want to steer clear of providing services to same-sex couples at their weddings will win points among evangelicals but alienate others.
George PatakiFormer New York governor
Résumé: Former governor of New York. Former New York state senator and state assemblyman. Former mayor of Peekskill, NY.
Education: B.A. Yale University. J.D. Columbia Law School.
Family: Married to Libby Rowland (1973), with four adult children.
Claim to fame: Pataki was just the third Republican governor in New York’s history, winning an improbable victory over three-term incumbent Mario Cuomo in 1994. He was known for being a rare tax-cutter in Albany and was also the sitting governor when the 9/11 terror attacks rocked New York CIty in 2001.
Achilles heel: While Pataki’s liberal-leaning social agenda plays well in the Empire State, it won’t win him any fans among the GOP’s conservative base. He supports abortion rights and gay rights, and has advocated strongly in favor of government intervention to stop global warming, which right-wingers believe is overblown as a global threat.
Rick Perry Former Texas governor
Religion: Christian (nondenominational)
Résumé: Former Texas governor, lieutenant governor, agriculture commissioner and state representative.
Education: B.Sci. Texas A&M University
Family: Married to Anita Thigpen (1982) with two adult children. His father was a former Democratic county commissioner in Texas.
Claim to fame: Perry boasts that while he was governor between the end of 2007 and the end of 2014, the Texas economy created 1.4 million new jobs while the rest of the U.S. lost close to 400,000. A Perry-led Texas also had the nation’s highest high school graduation rate among Hispanics and African-Americans.
Achilles heel: Perry has a tough hill to climb after his 2012 presidential campaign spectacularly imploded with a single word – ‘Oops’ – after he couldn’t remember one of his own talking points during a nationally televised debate. He also faces an indictment for alleged abuse of power in a case that Republicans contend is politically motivated and meritless.
Rick Santorum Former Penn. senator
Résumé: Former US senator and former member of the House of Representatives from Pennsylvania. Former lobbyist who represented World Wrestling Entertainment.
Education: B.A. Penn State University. M.B.A. University of Pittsburgh. J.D. Penn State University Dickinson School of Law.
Family: Married to Karen Santorum (1990), with seven living children. One baby was stillborn in 1996. Another, named Isabella, is a special needs child with a genetic disorder.
Claim to fame: Santorum won the 2012 Republican Iowa Caucuses by a nose. He won by visiting all of Iowa’s 99 states in a pickup truck belonging to his state campaign director, a consultant who now worls for Donald Trump.
Achilles heel: As a young lobbyist, Santorum persuaded the federal government to exempt pro wrestling from regulations governing the use of anabolic steroids. And the stridently conservative politician has attracted strong opposition from gay rights groups. One gay columnist held a contest to redefine his name, buying the ‘santorum.com’ domain to advertise the winning entry – which is too vulgar to print.
Scott Walker Wisconsin governor
Religion: Christian (nondenominational)
Base: Conservative activists
Résumé: Governor of Wisconsin. Former Milwaukee County Executive. Former member of the Wisconsin State Assembly.
Education: Marquette University (did not finish)
Family: Married to Tonette Tarantino (1993), with two children. One of Mrs. Walker’s cousins is openly lesbian and was married in 2014, with the Walkers attending the reception.
Claim to fame: Walker built his national fame on the twin planks of turning his state’s past budget shortfalls into surpluses and beating back a labor-union-led drive to force him out of office through a recall election. Both results have broad appeal in the GOP.
Achilles heel: Wisconsin has suffered from a shaky economy during Walker’s tenure, which makes him look weak compared with other governors who presided over more robust job-creation numbers. He promised to create 250,000 private sector jobs but delivered less than 60 per cent of them. Also, he led an effort in the state legislature to enact $800 million in tax cuts – putting the Badger State back on the road to government deficits.
Ben Carson Retired Physician
Religion: Seventh-day Adventist
Résumé: Famous pediatric neurosurgeon, youngest person to head a major Johns Hopkins Hospital division. Founder of the Carson Scholars Fund, which awards scholarships to children of good character.
Education: B.A. Yale University. M.D. University of Michigan Medical School.
Family: Married to Candy Carson (1975), with three adult sons. The Carsons live in Maryland with Ben’s elderly mother Sonya, who was a seminal influence on his life and development.
Claim to fame: Carson spoke at a National Prayer Breakfast in 2013, railing against political correctness and condemned Obamacare – with President Obama sitting just a few feet away.
Achilles heel: Carson is inflexibly conservative, opposing gay marriage and once saying gay attachments formed in prison provided evidence that sexual orientation is a choice.
Ted Cruz Texas senator
Religion: Southern Baptist
Base: Tea partiers
Résumé: U.S. senator. Former Texas solicitor general. Former U.S. Supreme Court clerk. Former associate deputy attorney general under President George W. Bush.
Education: B.A. Princeton University. J.D. Harvard Law School.
Family: Married to Heidi Nelson Cruz (2001), with two young daughters. His father is a preacher and he has two half-sisters.
Claim to fame: Cruz spoke on the Senate floor for more than 21 hours in September 2013 to protest the inclusion of funding for Obamacare in a federal budget bill. (The bill moved forward as written.) He has called for the complete repeal of the medical insurance overhaul law, and also for a dismantling of the Internal Revenue Service. Cruz is also outspoken about border security.
Achilles heel: Cruz’s father Rafael, a Texas preacher, is a tea party firebrand who has said gay marriage is a government conspiracy and called President Barack Obama a Marxist who should ‘go back to Kenya.’ Cruz himself also has a reputation as a take-no-prisoners Christian evangelical, which might play well in South Carolina but won’t win him points in the other early primary states and could cost him momentum if he should be the GOP’s presidential nominee.
Jim Gilmore Former Virginia governor
Religion: United Methodist
Résumé: Former governor and attorney general of Virginia. Former chairman of the Republican National Committee. Former U.S. Army intelligence agent. President and CEO of the Free Congress Foundation. Board member of the National Rifle Association
Education: B.A. University of Virginia.
Family: Married to Roxane Gatling Gilmore (1977), with two adult children. Mrs. GIlmore is a survivor of Hodgkin’s lymphoma
Claim to fame: Gilmore presided over Virginia when the 9/11 terrorists struck in 1991, guiding the state through a difficult economic downturn after one of the hijacked airliners crashed into the Pentagon. He is nest known in Virginia for eliminating most of a much-maligned personal property tax on automobiles, working with a Democratic-controlled state legislature to get it passed and enacted.
Achilles heel: Gilmore is the only GOP or Democratic candidate for president who has been the chairman of his political party, giving him a rap as an ‘establishment’ candidate. A social-conservative crusader, he is loathed by the left for championing the state law that established 24-hour waiting periods for abortions. Gilmore also has a reputation as an indecisive campaigner, having dropped out of the 2008 presidential race in July 2007.
Mike Huckabee Former Arkansas governor
Religion: Southern Baptist
Résumé: Former governor and lieutenant governor of Arkansas. Former Fox News Channel host. Ordained minister and author.
Family: Married to Janet Huckabee (1974), with three adult children. Mrs. Huckabee is a survivor of spinal cancer.
Claim to fame: ‘Huck’ is a political veteran and has run for president before, winning the Iowa Caucuses in 2008 and finishing second for the GOP nomination behind John McCain. He’s known as an affable Christian and succeeded in building a huge following on his weekend television program, in which he frequently sat in on the electric bass with country & western groups and other ‘wholesome’ musical entertainers.
Achilles heel: Huckabee may have a problem with female voters. He complained in 2014 about Obamacare’s mandatory contraception coverage, saying Democrats want women to ‘believe that they are helpless without Uncle Sugar.’ He earned more scorn for hawking herbal supplements in early-2015 infomercials as a diabetes cure, something he has yet to disavow despite disagreement from medical experts.
John Kasich Ohio governor
Résumé: Governor of New York. Former chairman of the U.S. House Budget Committee. Former Ohio congressman. Former Ohio state senator.
Education: B.A. The Ohio State University.
Family: Married to Karen Waldbillig (1997). Divorced from Mary Lee Griffith (1975-1980).
Claim to fame: Kasich was Ohio youngest-ever member of the state legislature at age 25. He’s known for a compassionate and working-class sensibility that appeals to both ends of the political spectrum. In the 1990s when Newt Gingrich led a Republican revolution that took over Congress, Kasich became the chairman of the House Budget Committee – a position for a wonk’s wonk who understands the nuanced intricacies of how government runs.
Achilles heel: Some of Kasich’s political positions rankle conservatives, including his choice to expand Ohio’s Medicare system under the Obamacare law, and his support for the much-derided ‘Common Core’ education standards program.
Rand Paul Kentucky senator
Résumé: US senator. Board-certified ophthalmologist. Former congressional campaign manager for his father Ron Paul.
Education: Baylor University (did not finish). M.D. Duke University School of Medicine.
Family: Married to Kelley Ashby (1990), with three sons. His father is a former Texas congressman who ran for president three times but never got close to grabbing the brass ring.
Claim to fame: Paul embraces positions that are at odds with most in the GOP, including an anti-interventionist foreign policy, reduced military spending, criminal drug sentencing reform for African-Americans and strict limits on government electronic surveillance – including a clampdown on the National Security Agency.
Achilles heel: Paul’s politics are aligned with those of his father, whom mainstream GOPers saw as kooky. Both Pauls have advocated for a brand of libertarianism that forces government to stop domestic surveillance programs and limits foreign military interventions.
Marco Rubio Florida senator
Résumé: US senator, former speaker of the Florida House of Representatives, former city commissioner of West Miami
Education: B.A. University of Florida. J.D. University of Miami School of Law.
Family: Married to Jeanette Dousdebes (1998), with two sons and two daughters. Jeanette is a former Miami Dolphins cheerleader who posed for the squad’s first swimsuit calendar.
Claim to fame: Rubio’s personal story as the son of Cuban emigres is a powerful narrative, and helped him win his Senate seat in 2010 against a well-funded governor whom he initially trailed by 20 points.
Achilles heel: Rubio was part of a bipartisan ‘gang of eight’ senators who crafted an Obama-approved immigration reform bill in 2013 which never became law – a move that angered conservative Republicans. And he was criticized in 2011 for publicly telling a version of his parents’ flight from Cuba that turned out to appear embellished.
Donald Trump Real estate developer
Résumé: Chairman of The Trump Organization. Fixture on the Forbes 400 list of the world’s richest people. Star of ‘Celebrity Apprentice.’
Education: B.Sci. Wharton School of the University of Pennsylvania
Family: Married to Melania Trump (2005). Divorced from Ivana Zelníčková (1977-92) and Marla Maples(1993–99). Five grown children. Trump’s father Fred Trump amassed a $400 million fortune developing real estate.
Claim to fame: Trump’s niche in the 2016 campaign stems from his celebrity as a reality-show host and his enormous wealth – more than $10 billion, according to Trump. Because he can self-fund an entire presidential campaign, he is seen as less beholden to donors than other candidates. He has grabbed the attention of reporters and commentators by unapologetically staking out controversial positions and refusing to budge in the face of criticism.
Achilles heel: Trump is a political neophyte who has toyed with running for president and for governor of New York, but shied away from taking the plunge until now. His billions also have the potential to alienate large swaths of the electorate. And his Republican rivals have labeled him an ego-driven celeb and an electoral sideshow because of his all-over-the-map policy history – much of which agreed with today’s today’s democrats – and his past enthusiasm for anti-Obama ‘birtheris
DEMOCRATS IN THE RACE
Lincoln ChafeeFormer Rhode Island governor
Résumé: Former Rhode Island governor. Former U.S. senator. Former city councilman and mayor of Warwick, RI.
Education: B.A. Brown University. Graduate, Montana State University horseshoeing school.
Family: Married to Stephanie Chafee (1990) with three children. Like him, his father John Chafee was a Rhode Island governor and US senator, but also served as Secretary of the Navy. Lincoln was appointed to his Senate seat when his father died in office.
Claim to fame: While Chafee was a Republican senator during the George W. Bush administration, he cast his party’s only vote in 2002 against a resolution that authorized military action in Iraq. Hillary Clinton, also a senator then, voted in favor – giving him a point of comparison that he hopes to ride to victory.
Achilles heel: Chafee’s lack of any significant party loyalty has turned allies into foes throughout his political career, and Democrats aren’t sure he’s entirely with them now. He was elected to the Senate as a Republican in 2000 but left the party and declared himself a political independent after losing a re-election bid in 2006. As an independent, he was elected governor in 2010. Now he’s running for president as a Democrat.
Martin O’MalleyFormer Maryland governor
Résumé: Former Maryland governor. Former city councilor and mayor of Baltimore, MD. Former Assistant U.S. Attorney for the District of Columbia.
Education: B.A. Catholic University of America. J.D. University of Maryland.
Family: Married to Katie Curran (1990) and they have four children. Curran is a district court judge in Baltimore. Her father is Maryland’s attorney general. O’Malley’s mother is a receptionists in the Capitol Hill office of Democratic Sen. Barbara Mikulski.
Claim to fame: O’Malley pushed for laws in Maryland legalizing same-sex marriage and giving illegal immigrants the right to pay reduced tuition rates at public universities. But he’s best known for playing guitar and sung in a celtic band cammed ‘O’Malley’s March.’
Achilles heel: O’Malley may struggle in the Democratic primary since he endorsed Hillary Clinton eight years ago. If he prevails, he will have to run far enough to her left to be an easy target for the GOP. He showed political weakness when his hand-picked successor lost the 2014 governor’s race to a Republican. But most troubling is his link with Baltimore, whose 2016 race riots have made it a nuclear subject for politicians of all stripes.
Jim WebbFormer Virginia senator
Religion: Christian (nondenominational)
Base: War hawks and economic centrists
Résumé:Former U.S. senator from Virginia. Former U.S. Secretary of the Navy under Ronamd Reagan. Former Assistant Secretary of Defense for Reserve Affairs.
Education: B.A. US Naval Academy (transferred from the University of Southern California). J.D. Georgetown University.
Family: Married to Hong Le Webb (2005). Divorced from Jo Ann Krukar (1981-2004). Divorced from Barbara Samorajczyk (1968–1979).
Claim to fame: Webb is the rare Democrat who can bring both robust defense credentials and a history of genuine bipartisanship to the race. He served in Republican president Ronald Reagan’s defense directorate as Navy secretary, and earned both the Navy Star and the Purple Heart in combat. Webb is also seen as a quiet scholar who has written more than a half-dozen historical novels and a critically acclaimed history of Scots-Irish U.S. immigrants.
Achilles heel: Webb has a reputation as a bit of a quitter. He resigned his Navy secretary post over a budget-cut dispute just 10 months after taking the job, and he declined to run for re-election to the U.S. Senate in 2006. He also attracted bad press for defending the use of the Confederate flag as a heritage symbol for American southerners. Amid a nationwide clamor to remove the flag from the South Carolina statehouse grounds, he wrote that Americans should ‘respect the complicated history of the Civil War. … Honorable Americans fought on both sides.’
Hillary ClintonFormer sec. of state
Religion: United Methodist
Résumé: Former secretary of state. Former U.S. senator from New York. Former U.S. first lady. Former Arkansas first lady. Former law school faculty, University of Arkansas Fayetteville.
Education: B.A. Wellesley College. J.D. Yale Law School.
Family: Married to Bill Clinton (1975), the 42nd President of the United States. Their daughter Chelsea is married to investment banker Marc Mezvinsky, whose mother was a 1990s one-term Pennsylvania congresswoman.
Claim to fame: Clinton was the first US first lady with a postgraduate degree and presaged Obamacare with a failed attempt at health care reform in the 1990s.
Achilles heel: A long series of financial and ethical scandals has dogged Clinton, including recent allegations that her husband and their family foundation benefited financially from decisions she made as secretary of state. Her performance surrounding the 2012 terror attack on a State Department facility in Benghazi, Libya, has been catnip for conservative Republicans. And her presdiential campaign has been marked by an unwillingness to engage journalists, instead meeting with hand-picked groups of voters.
Bernie Sanders* Vermont senator
Base: Far-left progressives
Résumé: U.S. senator. Former U.S. congressman. Former mayor of Burlington, VT.
Education: B.A. University of Chicago.
Family: Married to Jane O’Meara Sanders (1988), a former president of Burlington College. He has one child from a previous relationship and is stepfather to three from Mrs. Sanders’ previous marriage. His brother Larry is a Green Party politician in the UK and formerly served on the Oxfordshire County Council.
Claim to fame: Sanders is an unusually blunt, and unapologetic pol, happily promoting progressivism without hedging. He is also the longest-serving ‘independent’ member of Congress – neither Democrat nor Republican.
Achilles heel: Sanders describes himself as a ‘democratic socialist.’ At a time of huge GOP electoral gains, his far-left ideas don’t poll well. He favors open borders, single-payer universal health insurance, and greater government control over media ownership.
* Sanders is running as a Democrat but has no party affiliation in the Senate.
DEMOCRATS IN THE HUNT
Joe Biden, U.S. vice president
Biden would be a natural candidate as the White House’s sitting second-banana, but his reputation as a one-man gaffe factory will keep Democrats from taking him seriously.
Elizabeth Warren, Massachusetts senator
Warren is a populist liberal who could give Hillary Clinton headaches by challenging her from the left, but she has said she has no plans to run and is happy in the U.S. Senate.
Story 2: McCain Calls Trump Supporters Crazies — Trump Calls McCain A War Hero Four Times, Loser and Dummy — Accurate Statements All — Videos
Actual Voice of General Patton starting at 1:15 vs. Hollywood
CRAZY – PATSY CLINE – HQ Stereo
Donald Trump on Fox & Friends Defends His Sentator McCain Not A Hero Comments
Donald Trump: McCain’s a War Hero Because He Was Captured, ‘I Like People That Weren’t’
Todd Starnes McCain started all of this mess
McCain: ‘Term Of Endearment’ To Call Trump Supporters ‘Crazies’
Trump: John McCain Is A Dummy & Rick Perry Needs IQ Test
Did John McCain Lie About His P.O.W Record?
McCain POW Cellmate Speaks Out on McCain’s Heroism
Former POW says McCain is “not cut out to be President”
John McCain Losing His Cool
Mean spirited McCain is known for throwing temper tantrums, flying off the handle, blowing his top,seething with anger, accusing others of lying, and of mistreating POW/MIA family members. So how will he treat U.S.? POW/MIA families report…You decide
John Mccain Exposed By Vietnam Vets And POWs
Fact Check: The Washington Post on Donald Trump and John McCain
By SHARYL ATTKISSON
Donald Trump appears to have gotten under the skin of not only Democrats, but also fellow Republicans and the news media. Has that subjected Trump, a Republican presidential candidate, to unfair and/or inaccurate reporting?
An article in the Washington Post today is headlined, “Trump slams McCain for being ‘captured’ in Vietnam.”
The article’s lead sentence states, “Republican presidential candidate Donald Trump slammed Sen. John McCain (R-Ariz.), a decorated Vietnam War veteran, on Saturday by saying McCain was not a war herobecause he was captured by the North Vietnamese [emphasis added].”
Is this report accurate?
In fact, Trump’s actual quote is the opposite of what is presented in the Post’s first sentence.
1. The Post did not provide context at the outset disclosing that McCain and Trump have been feuding, with McCain characterizing some Trump supporters as “crazies” and Trump stating that McCain graduated last in his class in Annapolis. The charged rhetoric continued at the conservative Family Leadership Summit in Ames, Iowa this weekend.
2. When a panelist characterized McCain as a “war hero,” the Post is accurate in reporting that Trump initially said McCain is “not a war hero.” But then, Trump immediately modified his statement saying– four times– that McCain is a war hero:
“He is a war hero.”
“He’s a war hero because he was captured.”
“He’s a war hero, because he was captured.”
“I believe, perhaps, he’s a war hero. But right now, he’s said some very bad things about a lot of people.”
3. Did Trump say McCain is not a war hero because he was captured? No, not in the exchanges represented in the Post.
4. Is the Post’s characterization an accident? It would appear not, because it is repeated in the Post’s caption of the video clip, which also states: “Republican presidential candidate Donald Trump said Sen. John McCain (R-Ariz.), a decorated Vietnam war veteran, was not a war hero because he was captured by the North Vietnamese [emphasis added].”
Further, in the Post’s second sentence, Trump is quoted as stating of McCain, “He’s not a war hero…He’s a war hero because he was captured,” but the article selectively left out the phrase Trump had uttered in between: “He is a war hero.”
Trump actually said the opposite of what the Post lead sentence and video caption claim. The Post might have been able to get away stating that Trump “implied” McCain was not a war hero because McCain was captured, but even that would have been a subjective interpretation since Trump had actually stated the opposite.
It’s true that Trump stated one time that McCain is not a war hero. But Trump stated four times that McCain is a war hero–and that was not accurately characterized in the article.
For interpreting and characterizing Trump’s true quote in a way that is at best questionable, and for selectively using some quotes and leaving others out, the Post receives Two Little Devils. (Ratings scale at end of article.)
Obviously, all are free to draw conclusions about any candidate or politician. But the news media has a responsibility to do its best to report accurately and fairly–even when reporters find a candidate and/or his positions to be personally distasteful.
Trump: I don’t need to be lectured
Donald Trump6:46 p.m. EDT July 19, 2015
McCain has abandoned our veterans. I will fight for them.
John McCain has called his own constituents who want a secure border “crazies.” No one in the news media or the establishment, including the Republican National Committee, criticized the senator for those comments.
Now, as respected reporter Sharyl Attkisson has proved point by point, the news media are also distorting my words. But that is not my point. McCain the politician has failed the state of Arizona and the country.
Trump’s low-class outburst: Our view
During my entire business career, I have always made supporting veterans a top priority because our heroes deserve the very best for defending our freedom. Our Department of Veterans Affairs hospitals are outdated dumps. I will build the finest and most modern veterans hospitals in the world. The current medical assistance to our veterans is a disaster. A Trump administration will provide the finest universal access health care for our veterans. They will be able to get the best care anytime and anywhere.
Thanks to McCain and his Senate colleague Bernie Sanders, their legislation to cover up the VA scandal, in which 1,000+ veterans died waiting for medical care, made sure no one has been punished, charged, jailed, fined or held responsible. McCain has abandoned our veterans. I will fight for them.
The reality is that John McCain the politician has made America less safe, sent our brave soldiers into wrong-headed foreign adventures, covered up for President Obamawith the VA scandal and has spent most of his time in the Senate pushing amnesty. He would rather protect the Iraqi border than Arizona’s. He even voted for the Iran Nuclear Review Act of 2015, which allows Obama, who McCain lost to in a record defeat, to push his dangerous Iran nuclear agreement through the Senate without a supermajority of votes.
A number of my competitors for the Republican nomination have no business running for president. I do not need to be lectured by any of them. Many are failed politicians or people who would be unable to succeed in the private sector. Some, however, I have great respect for.
My record of veteran support is well-documented. I served as co-chairman of the New York Vietnam Veterans Memorial Commission and was responsible, with a small group, for getting it built. Toward this end, I contributed over $1 million so our warriors can be honored in New York City with a proper memorial. I also helped finance and served as the grand marshal of the 1995 Nation’s Day Parade, which honored over 25,000 veterans. It was one of the biggest parades in the history of New York City, and I was very proud to have made it possible.
I will continue to fight to secure our border and take care of our veterans because these steps are vital to make America great again!
A Monmouth University poll of Iowans released Monday and conducted over the weekend showed Scott Walker continues to maintain a solid lead in the Iowa Republican caucus, though Trump has gained an edge over the rest of the field and now stands alone in second place.
Of likely caucus attendees, 22% told pollsters that they’d support the Wisconsin governor in next winter’s matchup, but 13% said they would back Trump, who has suddenly catapulted to the front of some national polls. Trump only earned 4% of Republicans’ support in a Des Moines Register/Bloomberg survey conducted in May, a month before Trump announced his campaign and made a string of controversial comments that came alongside his rise.
The Monmouth poll was fielded while Trump found himself embroiled in a new controversy over a remark that seemed to disparage the military record of 2008 nominee McCain while at an event in Iowa. The poll found no change in Trump’s support before and after he made his comment this weekend in Iowa.
“Walker has been a favorite of Iowa voters ever since his well-received appearance at the Iowa Freedom summit in January. More recently, Trump has outmaneuvered the rest of the field to earn the second spot despite his controversial statements over the weekend,” said Patrick Murray, who conducted the poll.
Trailing Walker and Trump is Ben Carson at 8%, Jeb Bush and Ted Cruz at 7%, and 2008 Iowa caucus winner Mike Huckabee at 6%.
Monmouth polled 452 Iowans from Thursday to Sunday for a margin of error of 4.6 percentage points.
Story 1: Part 2, Obama The Big Liar (The Great Pretender) Vs. Trump The Great Truth Teller (We Will Rock You) — Make America Great Again! — Could Not Have Said It Better Myself — Three Cheers For Trump — Videos
Highlights from Donald Trump ‘running for President’ speech
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Obama: U.S. working to ‘smother’ new ISIS cells
The President Provides an Update on Our Campaign to Degrade and Destroy ISIL
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President Obama speaks at the Pentagon about the U.Ss strategy against ISIS. Veteran TV host and political commentator, Steve McPartlin and comedian, Joe DeVito react.
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Glenn Beck Exposes Obama’s Fraudulent History and Radicalized Beliefs
Real Story Behind Barack and Michelle Obama
“The Real Story II” Barack and Michelle Obama The Unholy Phony Couple
From the Desk of Donald Trump: Major Announcement
Queen – We Will Rock You
Donald Trump, 2016 Campaign, cartoonists, political cartoon
“The Mexican Government is forcing their most unwanted people into the United States. They are, in many cases, criminals, drug dealers, rapists, etc. This was evident just this week when, as an example, a young woman in San Francisco was viciously killed by a 5 time deported Mexican with a long criminal record, who was forced back into the United States because they didn’t want him in Mexico. This is merely one of thousands of similar incidents throughout the United States. In other words, the worst elements in Mexico are being pushed into the United States by the Mexican government. The largest suppliers of heroin, cocaine and other illicit drugs are Mexican cartels that arrange to have Mexican immigrants trying to cross the borders and smuggle in the drugs. The Border Patrol knows this. Likewise, tremendous infectious disease is pouring across the border. The United States has become a dumping ground for Mexico and, in fact, for many other parts of the world. On the other hand, many fabulous people come in from Mexico and our country is better for it. But these people are here legally, and are severely hurt by those coming in illegally. I am proud to say that I know many hard working Mexicans—many of them are working for and with me…and, just like our country, my organization is better for it.”
– Donald Trump, Written Statement released July 6, 2015
Donald Trump Speech: 2016 Presidential Announcement 6/16/16 HD
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• Donald Trump • One On One • Hannity • 6/17/15 •
Michael Savage on Donald Trump Running for President – Opening Segment – June 16, 2015
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Race for 2016 – Trump: I’m Running For President – Special Report All Star Panel
Bill O’Reilly Talks About The Vilification of Donald Trump Over Illegal Immigrants
Bill O’Reilly Donald Trump Interview. Trump Bashes ‘Tremendously Biased’ NBC, Univision
Ted Cruz – ” Donald Trump Shouldn’t Apologize for Comments About Mexicans “
Donald Trump: My Poll Numbers Will Continue to Climb Because People Know I’m Right
Frank Sinatra – “Theme from New York New York” (Concert Collection)
Billionaire mogul Donald Trump announced his 2016 presidential run Tuesday. Below is the text of his speech:
Last quarter, it was just announced, our gross domestic product – a sign of strength, right? But not for us.
It was below zero. Who ever heard of this? It’s never below zero.
Our labor participation rate was the worst since 1978.
But think of it, GDP below zero, horrible labor participation rate, and our real unemployment is anywhere from 18-20%. Don’t believe the 5.6. Don’t believe it.
That’s right – a lot of people up there can’t get jobs. They can’t get jobs because there are no jobs because China has our jobs and Mexico has our jobs. They all have our jobs. But the real number, the real number, is anywhere from 18-19 and maybe even 21% and nobody talks about it because it’s a statistic that’s full of nonsense.
Our enemies are getting stronger and stronger by the day and we as a country are getting weaker. Even our nuclear arsenal doesn’t work.
It came out recently. They have equipment that’s 30 years old and they don’t even know if it works. And I thought it was horrible when it was broadcast on television because boy does that send signals to Putin and all of the other people that look at us and they say ‘OK, that is a group of people and that is a nation that truly has no clue. They don’t know what they’re doing. They don’t know what they’re doing.’
We have a disaster called the big lie – Obamacare, Obamacare.
Yesterday it came out that costs are going, for people, up 39, 39, 49 and even 55%. And deductibles are through the roof. You have to get hit by a tractor, literally a tractor, to use it because the deductibles are so high it’s virtually useless. It’s a disaster.N
As an example, I’ve been on the circuit making speeches and I hear my fellow Republicans and they’re wonderful people. I like them. They all want me to support them.
They don’t know how to bring it about, they come up to my office. I’m meeting with three of them in the next week and they don’t know: Are you running, are you not running, could we have your support, what do we do, how do we do it?
And I like them. I hear their speeches. And they don’t talk jobs. They don’t talk China. When was the last time you heard ‘China’s killing us?’ They’re devaluing their currency to a level that you wouldn’t believe it makes it impossible for our companies to compete. Impossible.
They’re killing us, but you don’t hear that from anyone else. You don’t hear that from anybody else.
And I watch the speeches. I watch the speeches and they say ‘the sun will rise. The moon will set. All sorts of wonderful things will happen.’
And the people are saying ‘What’s going on? I just want a job. I don’t need the rhetoric, I just want a job.’
And it’s going to get worse because remember, Obamacare really kicks in in 2016, 2016.
Obama is going to be out playing golf. He might even be on one of my courses – I would invite him. I have the best courses in the world. So I say, you know what, if he wants to – I have one right next to the White House. Right on the Potomac. If he wants to, if he’d like to play, that’s fine. In fact I’d love him to leave early and play. That would be a very good thing.
But Obamacare kicks in in 2016, really bigly. It is going to be amazingly destructive.
Doctors are quitting.
I have a friend who’s a doctor and he said to me the other day: ‘Donald, I never saw anything like it. I have more accountants than I have nurses. It’s a disaster. My patients are besides themselves. They had a plan that was good. They had a plan. They have no plan now.’
We have to repeal Obamacare and it can be replaced with something much better for everybody. Let it be for everybody, but much better and much less expensive for people and for the government. And we can do it.
So I’ve watched the politicians. I’ve dealt with them all my life. If you can’t make a good deal with a politician, then there’s something wrong with you. There’s something certainly not very good and that’s what we have representing us.
They will never make America great again. They don’t even have a chance. They are controlled fully, they are controlled fully by the lobbyists, by the donors and by the special interests. Fully. They control them.
Hey, I have lobbyists. I have to tell you, I have lobbyists that can produce anything for me. They’re great. But you know what? It won’t happen. It won’t happen because we have to stop doing things for some people, but for our country it’s destroying this country.
We have to stop and it has to stop now.
Our country needs, our country needs a truly great leader and we need a truly great leader now.
We need a leader that wrote the Art of the Deal. We need a leader that can bring back our jobs, can bring back our manufacturing, can bring back our military, can take care of our vets – our vets have been abandoned. And we also need a cheerleader.
You know, when President Obama was elected I said ‘Well, the one thing I think he’ll do well – I think he’ll be a great cheerleader for the country. I think he’d be a great spirit. He was vibrant. He was young. I really thought he would be a great cheerleader.
He’s not a leader, that’s true. You’re right about that. But he wasn’t a cheerleader. He’s actually a negative force. He’s been a negative force. He wasn’t a cheerleader, he was the opposite.
We need somebody that can take the brand of the United States and make it great again. It’s not great.
We need, we need, we need somebody that literally will take this country and make it great again. We can do that.
And, I will tell you, I love my life. I have a wonderful family. They’re saying, ‘Dad, you’re going to do something that’s so tough.’
You know, all of my life I’ve heard that a truly successful person, a really, really successful person – and even modestly successful – cannot run for public office. Just can’t happen.
And yet, that’s the kind of mindset that you need to make this country great again.
So, ladies and gentlemen, I am officially running for President of the United States and we are going to make our country great again.
It can happen. Our country has tremendous potential. We have tremendous potential.
We have people that aren’t working. We have people that have no incentive to work. But they’re going to have incentive to work. Because the greatest social program is a job. And they’ll be proud, and they’ll love it, and they’ll make much more money than they would have ever made. And they’ll be doing so well, and we’re going to be thriving as a country. Thriving. It can happen.
I will be the greatest jobs president that god ever created, I tell you that.
I’ll bring back our jobs from China, from Mexico, from Japan, from so many places. I’ll bring back our jobs, and I’ll bring back our money.
Right now, think of this – we owe China $1.3 trillion. We owe Japan more than that. So they come in, they take our jobs, they take our money and then they loan us back the money and we pay them in interest. And then the dollar goes up, so their deal’s even better.
How stupid are our leaders? How stupid are these politicians to allow this to happen? How stupid are they?
Business mogul Donald Trump announces his candidacy for the U.S. presidency at Trump Tower on Tuesday in New York. Trump is the 12th Republican who has announced running for the White House.
I’m going to tell you a couple of stories about trade, because I’m totally against the trade bill for a number of reasons.
Number one: the people negotiating it don’t have a clue. Our president doesn’t have a clue. He’s a bad negotiator. He’s the one that did Bergdahl. We get Bergdahl, they get five killer terrorists that everybody wanted over there. We get Bergdahl. We get a traitor. We get a no-good traitor and they get the five people that they wanted for years. And those people are now back on the battlefield trying to kill us. That’s the negotiator we have
Take a look at the deal he’s making with Iran. He makes that deal, Israel maybe won’t exist very long. It’s a disaster and we have to protect Israel.
So we need people – I’m a free trader. But the problem with free trade is, you need really talented people to negotiate for you. If you don’t have talented people, if you don’t have great leadership, if you don’t have people that know business – not just a political hack that got the job because he made a contribution to a campaign, which is the way all jobs just about are gotten, free trade is terrible.
Free trade can be wonderful if you have smart people. But we have people that are stupid. We have people that aren’t smart, and we have people that are controlled by special interests and it’s just not going to work.
So here’s a couple of stories. Happened recently, a friend of mine is a great manufacturer, and you know, China comes over and they dump all their stuff.
I buy it. I buy it because, frankly, I have an obligation to buy it, because they devalue their currency so brilliantly. They just did it recently and nobody thought they could do it again, but with all our problems with Russia, with all our problems with everything, everything, they got away with it again.
And it’s impossible for our people here to compete. So I want to tell you this story. Friend of mine if a great manufacturer. Calls me up a few weeks ago, he’s very upset.
I said, ‘What’s your problem?’
He said, ‘You know, I make a great product.’
I said, ‘I know, I know that, because I buy the product.’
He said, ‘I can’t get it into China. They won’t accept it. I sent a boat over and they actually sent it back. They talked about environmental, they talked about all sorts of crap that had nothing to do with it.’
I said, ‘Oh, wait a minute, that’s terrible. Did anyone know this?’
He said, ‘They do it all the time with other people.’
I said, ‘They send it back?’
He said, ‘Yea, so I finally got it over there, and they charged me a big tariff.’
They’re not supposed to be doing that. I told him. Now they do charge you tariffs on trucks when we send trucks and other things over there.
Ask Boeing. They wanted all their patents and secrets before they agreed to buy planes from Boeing.
Hey, I’m not saying they’re stupid. I like China. I just sold an apartment for $15 million to somebody from China. Am I supposed to dislike them?
I own a big chunk of the Bank of America building at 1290 Avenue of Americas that I got from China in a war. Very valuable. I love China.
The biggest bank in the world is from China. You know where their United States headquarters is located? In this building, in Trump Tower.
I love China. People say, ‘Oh, you don’t like China.’ No, I love them, but their leaders are much smarter than our leaders. And we can’t sustain ourselves with that.
There’s too much – it’s like, it’s like take the New England Patriots and Tom Brady and have them play your high school football team. That’s the difference between China’s leaders and our leaders.
They are ripping us. We are rebuilding China. We are rebuilding many countries.
China, you got there now – roads, bridges, schools. You never saw anything like it. They have bridges that make the George Washington Bridge look like small potatoes.
And they’re all over the place. We have all the cards, but we don’t know how to use them. We don’t even know that we have the cards, because our leaders don’t understand the game.
We would turn off that spigot by charging them tax until they behave properly.
Now they’re going militarily. They’re building a military island in the middle of the South China Sea – a military island. Now, our country could never do that because we’d have to get environmental clearance and the environmentalists wouldn’t let our country – we would never be able to build in an ocean.
They built it in about one year, this massive military port. They’re building up their military to a point that is very scary.
You have a problem with ISIS, you have a bigger problem with China.
And in my opinion, the new China, believe it or not, in terms of trade is Mexico.
So this man tells me about the manufacturing. I say, ‘that’s a terrible story, I hate to hear it.’
But I have another one, Ford. So Mexico takes a company, car company, that was going to build in Tennessee, rips it out. Everybody thought the deal was dead. Reported in the “Wall Street Journal” recently.
Everybody said that it was a done deal. It’s going in, and that’s going to be it, going into Tennessee -. great state, great people. All of a sudden, at the last moment, this big car manufacturer, foreign, announces they’re not going to Tennessee, they’re going to spend their billion dollars in Mexico instead. Not good.
Now Ford announces a few weeks ago that Ford is going to build a $2.5 billion car and truck and parts manufacturing plant in Mexico. $2.5 billion. It’s going to be one of the largest in the world. Ford – good company.
So I announced that I’m running for President. I would, one of the early things I would do, probably before I even got in, and I wouldn’t even use – you know, I know the smartest negotiators in the world.
I know the good ones, I know the bad ones, I know the overrated ones. You’ve got a lot that are overrated. They get good stories because the newspapers get buffaloed. But they’re not good.
But I know the best negotiators in the world and I’d put them one for each country. Believe me folks, we will do very, very well. Very, very well.
But I wouldn’t even waste my time with this one. I would call up the head of Ford, who I know. If I was President I’d say ‘Congratulations, I understand that you’re building a nice, $2.5 billion dollar factory in Mexico and that you’re going to take your cars and sell them to the United States. Zero tax – just across the board.’
And you say to yourself, ‘How does that help us, right? Where is that good.’ It’s not.
So I’d say ‘Congratulations, that’s the good news. Let me give you the bad news. Every car, and every truck and every part manufactured in this plant that comes across the border, we’re going to charge you a 35% tax. Okay? And that tax is going to be paid simultaneously with the transaction, and that’s it.’
Now here’s what’s going to happen. If it’s not me in the position, if it’s one of these politicians that we’re running against, you know, the 400 people that we’re – and here’s what going to happen. They’re not so stupid. They know it’s not a good thing. And they may even be upset by it,
But then they’re going to get a call from their donors or probably from the lobbyists for Ford and say ‘you can’t do that to Ford, because Ford takes care of me, and I take care of you, and you can’t do that to Ford.’
And you know what? No problem. They’re going to build in Mexico, they’re going to take away thousands of jobs. That’s very bad for us. So under President Trump, here’s what would happen: The head of Ford will call me back, I would say within an hour after I told him the bad news, but it could be he’d want to be cool and he’ll wait until the next day. You know, they want to be a little cool.
And he’ll say, ‘Please, please, please.’
He’ll beg for a little while, and I’ll say, ‘Sorry, no interest.’
Then he’ll call all sorts of political people and I’ll say ‘Sorry fellas, no interest.’
Because I don’t need anybody’s money. It’s nice. I don’t need anybody’s money. I’m using my own money. I’m not using lobbyists, I’m not using donors. I don’t care. I’m really rich.
And by the way, I’m not even saying that to brag. That’s the kind of mindset, that’s the kind of thinking you need for this country.
So, because we’ve got to make the country rich. It sounds crass. Somebody said ‘oh, that’s crass.’ It’s not crass.
We’ve got $18 trillion in debt, we’ve got nothing but problems.
We’ve got a military that needs equipment all over the place. We’ve got nuclear weapons that are obsolete.
We’ve got nothing.
We’ve got social security that’s going to be destroyed if somebody like me doesn’t bring money into the country. All these other people want to cut the hell out of it. I’m not going to cut it at all. I’m going to bring money in, and we’re going to save it.
But here is what’s going to happen. After I’m called by 30 friends of mine who contributed to different campaigns, after I’m called by all of the special interests and by the donors and by the lobbyists – and they have zero chance at convincing me. Zero. I’ll get a call they next day from the head of Ford.
He’ll say, ‘Please reconsider.’
I’ll say, ‘No.’
He’ll say, ‘Mr. President, we’ve decided to move the plant back to the United States. We’re not going to build it in Mexico.’
That’s it. They’ll have no choice. They have no choice. There are hundred of things like that.
I’ll give you another example: Saudi Arabia. They make a billion dollars a day, a billion dollars a day.
I love the Saudis, many are in this building. They make a billion dollars a day. Whenever they have problems, we send over the ships. We send, we’re going to protect – what are we doing? They got nothing but money.
If the right person asked them, they’d pay a fortune. They wouldn’t be there except for us.
And believe me, you look at the border with Yemen – you remember Obama a year ago, Yemen was a great victory. Two weeks later the place was blown up. Everybody.
And they kept our equipment. They always keep our equipment. We ought to send used equipment, right? They always keep our equipment, we ought to send some real junk because, frankly, it would be – we ought to send our surplus. We’re always losing this gorgeous, brand-new stuff.
But look at that border with Saudi Arabia. Do you really think that these people are interested in Yemen? Saudi Arabia without us is gone. They’re gone.
And I’m the one that made all of the right predictions about Iraq. You know, all of these politicians that I’m running against now, it’s so nice to say I’m running as opposed to if I run, if I run – I’m running.
But all of these politicians that I’m running against now, they’re trying to dissociate. I mean, you look at Bush – it took him five days to answer the question on Iraq. He couldn’t answer the question. He didn’t know.
I said, ‘Is he intelligent?’
And then I looked at Rubio. He was unable to answer the question. He didn’t know.
How are these people going to lead us? How are we going to go back and made it great again? We can’t They don’t have a clue. They can’t lead us. They can’t.
They can’t even answer simple questions. It was terrible, but Saudi Arabia is in big, big trouble.
Now, thanks to fracking and other things, the oil is all over the place. And I used to say it, there are ships at sea, and this was during the worst crisis, that were loaded up with oil. And the cartel kept the prices up because, again, they were smarter than our leaders.
They were smarter than our leaders. There is so much wealth out there that we can make our country so rich again and, therefore, make it great again.
Because we need money. We’re dying. We’re dying. We need money. We have to do it and we need the right people.
So Ford will come back. They’ll all come back. And I will say this – this is going to be an election, in my opinion, that’s based on competence.
Somebody said to me the other day, a reporter, very nice reporter – ‘But Mr. Trump, you’re not a nice person.’
But actually, I am. I think I’m a nice person. Does my family like me? I think so. Look at my family.
I’m proud of my family by the way. Speaking of my family – Melania, Barron, Kai, Donny, Dunn, Vanessa, Tiffany, Ivanka did a great job. Did she do a great job? Jarrett, Laura and Eric. I’m very proud of my family. They’re a great family.
So the report said to me the other day ‘But Mr. Trump, you’re not a nice person. How can you get people to vote for you?’
I said, ‘I don’t know. I think that, number one, I am a nice person. I give a lot of money away to charities and other things.’
I think I’m actually a very nice person, but I said ‘This is going to be an election that’s based off competence. Because people are tired of these nice people and they’re tired of being ripped of by everybody in the world and they’re tired of spending more money on education than any nation in the world per capita. Than any nation in the world.’
And we’re 26th in the world. Twenty-five countries are better than us at education, and some of them are like, third-world countries.
But we’re becoming a third-world country because of our infrastructure, our airports, our roads, everything.
So one of the things I did, and I said, you know what I’ll do? I’ll do it. And a lot of people said ‘he’ll never run. Number one, he won’t want to give up his lifestyle.’
They’re right about that, but I’m doing it.
Number two – I’m a private company, so nobody knows what I’m worth. And the one thing is, when you run, you have to announce and certify to all sorts of governmental authorities, your net worth.
So I said, ‘that’s okay, I’m proud of my net worth.’
I’ve done an amazing job. I started off in a small office with my father in Brooklyn and Queens. And my father said – and I love my father. I learned so much. He was a great negotiator.
I learned so much just sitting as his feet playing with blocks, listening to him negotiate with subcontractors. But I learned a lot.
But he used to say ‘Donald, don’t go into Manhattan. That’s the big leagues. We don’t know anything about that. Don’t do it.’
But I said, ‘Dad, I gotta go into Manhattan. I gotta build those buildings. I’ve got to do it, Dad, I’ve got to do it.’
And after four or five years in Brooklyn, I ventured into Manhattan and did a lot of great deals: the Grand Hyatt hotel, I was responsible for the convention center on the west side.
I did a lot of great deals and I did them early and young, and now I’m building all over the world. And I love what I’m doing.
But they all said, a lot of the pundits on television, ‘well Donald will never run and one of the main reasons is, he’s private, and he’s probably not as successful as everybody thinks.’
So I said to myself, ‘you know, nobody’s ever going to know unless I run because I’m really proud of my success, I really am.’
I’ve employed tens of thousands of people over my lifetime. That means medical, that means education, that means everything.
So a large accounting firm and my accountants have been working for months because I’m big and complex and they put together a statement, a financial statement. It’s a summary, but everything will be filed eventually with the government. And we don’t need extensions or anything, we’ll be filing it right on time.
We don’t need anything. And it was even reported incorrectly yesterday, because they said he had assets of nine billion.
I said, ‘no, that the wrong number. That’s the wrong number, not assets.’
So they put together this, and before I say it, I have to say this: I made it the old-fashioned way. It’s real estate. it’s labor and it’s union – good and some bad – and lots of people that aren’t unions and it’s all over the place and building all over the world.
And I have assets, big accounting firm – one of the most highly respected – $9,240,000,000.
And I have liabilities of about $500 – that’s long-term debt, very low interest rates.
In fact, one of the big banks came to me, said, ‘Donald, you don’t have enough borrowing, can we loan you $4 billion.”
I said ‘I don’t need it. I don’t want it. I’ve been there. I don’t want it.”
But in two seconds, they give me whatever I wanted. So I have a total net worth, and now with the increase, it’ll be well-over $10 billion. But here, a total net worth of — net worth, not assets, not — a net worth, after all debt, after all expenses, the greatest assets — Trump Tower, 1290 Avenue of the Americas, Bank of America building in San Francisco, 40 Wall Street, sometimes referred to as the Trump building right opposite the New York — many other places all over the world.
So the total is $8,737,540,000.
Now I’m not doing that, I’m not doing that to brag, because you know what? I don’t have to brag. I don’t have to, believe it or not.
I’m doing that to say that that’s the kind of thinking our country needs. We need that thinking. We have the opposite thinking.
We have losers. We have losers. We have people that don’t have it. We have people that are morally corrupt. We have people that are selling this country down the drain.
So I put together this statement, and the only reason I’m telling you about it today is because we really do have to get going, because if we have another three or four years — you know, we’re at $8 trillion now. We’re soon going to be at $20 trillion.
According to the economists, who I’m not big believers in, but, nevertheless, this is what they’re saying, that $24 trillion. We’re very close, that’s the point of no return. $24 trillion.
We will be there soon. That’s when we become Greece. That’s when we become a country that’s unsalvageable. And we’re gonna be there very soon. We’re gonna be there very soon.
So, just to sum up, I would do various things very quickly. I would repeal and replace the big lie, Obamacare.
I would build a great wall, and nobody builds walls better than me, believe me, and I’ll build them very inexpensively, I will build a great, great wall on our southern border. And I will have Mexico pay for that wall.
Mark my words.
Nobody would be tougher on ISIS than Donald Trump. Nobody.
I will find, within our military, I will find the General Patton or I will find General MacArthur, I will find the right guy. I will find the guy that’s going to take that military and make it really work. Nobody, nobody will be pushing us around.
I will stop Iran from getting nuclear weapons. And we won’t be using a man like Secretary Kerry that has absolutely no concept of negotiation, who’s making a horrible and laughable deal, who’s just being tapped along as they make weapons right now, and then goes into a bicycle race at 72 years old, and falls and breaks his leg.
I won’t be doing that. And I promise I will never be in a bicycle race. That I can tell you.
I will immediately terminate President Obama’s illegal executive order on immigration, immediately.
Fully support and back up the Second Amendment.
Now, it’s very interesting. Today I heard it. Through stupidity, in a very, very hard core prison, interestingly named Clinton, two vicious murderers, two vicious people escaped, and nobody knows where they are.
And a woman was on television this morning, and she said, ‘You know, Mr. Trump,’ and she was telling other people, and I actually called her, and she said, ‘You know, Mr. Trump, I always was against guns. I didn’t want guns. And now since this happened,’ it’s up in the prison area, ‘my husband and I are finally in agreement, because he wanted the guns. We now have a gun on every table. We’re ready to start shooting.’
I said, ‘Very interesting.’
So protect the Second Amendment.
End, end Common Core. Common Core should, it is a disaster. Bush is totally in favor of Common Core.
I don’t see how he can possibly get the nomination. He’s weak on immigration. He’s in favor of Common Core. How the hell can you vote for this guy? You just can’t do it.
We have to end, education has to be local.
Rebuild the country’s infrastructure. Nobody can do that like me. Believe me. It will be done on time, on budget, way below cost, way below what anyone ever thought.
I look at the roads being built all over the country, and I say I can build those things for one-third. What they do is unbelievable, how bad.
You know, we’re building on Pennsylvania Avenue, the Old Post Office, we’re converting it into one of the world’s great hotels. It’s gonna be the best hotel in Washington, D.C. We got it from the General Services Administration in Washington. The Obama administration. We got it. It was the most highly sought after — or one of them, but I think the most highly sought after project in the history of General Services.
We got it. People were shocked, Trump got it. Well, I got it for two reasons. Number one, we’re really good. Number two, we had a really good plan. And I’ll add in the third, we had a great financial statement. Because the General Services, who are terrific people, by the way, and talented people, they wanted to do a great job. And they wanted to make sure it got built.
So we have to rebuild our infrastructure, our bridges, our roadways, our airports.
You come into LaGuardia Airport, it’s like we’re in a third world country. You look at the patches and the 40-year-old floor. They throw down asphalt, and they throw.
You look at these airports, we are like a third world country. And I come in from China and I come in from Qatar and I come in from different places, and they have the most incredible airports in the world. You come to back to this country and you have LAX, disaster. You have all of these disastrous airports. We have to rebuild our infrastructure.
Save Medicare, Medicaid and Social Security without cuts. Have to do it.
Get rid of the fraud. Get rid of the waste and abuse, but save it. People have been paying it for years. And now many of these candidates want to cut it.
You save it by making the United States, by making us rich again, by taking back all of the money that’s being lost.
Renegotiate our foreign trade deals.
Reduce our $18 trillion in debt, because, believe me, we’re in a bubble. We have artificially low interest rates. We have a stock market that, frankly, has been good to me, but I still hate to see what’s happening. We have a stock market that is so bloated.
Be careful of a bubble because what you’ve seen in the past might be small potatoes compared to what happens. So be very, very careful.
And strengthen our military and take care of our vets. So, so important.
Sadly, the American dream is dead. But if I get elected president I will bring it back bigger and better and stronger than ever before, and we will make America great again.
Thank you. Thank you very much.
Remarks by the President on Progress in the Fight Against ISIL
4:10 P.M. EDT
THE PRESIDENT: Good afternoon, everybody. I hope everyone had a wonderful holiday weekend — especially our men and women in uniform. This Fourth of July we were honored to once again welcome some of our incredible troops and their families to share Fourth of July and fireworks at the White House. It was another chance for us, on behalf of the American people, to express our gratitude for their extraordinary service around the world every day.
And that includes the work that brings me here today — our mission to degrade and ultimately destroy the terrorist group ISIL. This is a cause, a coalition, that’s united countries across the globe — some 60 nations, including Arab partners. Our comprehensive strategy against ISIL is harnessing all elements of American power, across our government — military, intelligence, diplomatic, economic, development and perhaps most importantly, the power of our values.
Last month, I ordered additional actions in support of our strategy. I just met with my national security team as part of our regular effort to assess our efforts — what’s working and what we can do better. Secretary Carter, Chairman Dempsey, I want to thank you and your team for welcoming us and for your leadership, including General Austin who’s leading the military campaign. And I want to summarize briefly where we stand.
I want to start by repeating what I’ve said since the beginning. This will not be quick. This is a long-term campaign. ISIL is opportunistic and it is nimble. In many places in Syria and Iraq, including urban areas, it’s dug in among innocent civilian populations. It will take time to root them out — and doing so must be the job of local forces on the ground, with training and air support from our coalition.
As with any military effort, there will be periods of progress, but there are also going to be some setbacks — as we’ve seen with ISIL’s gains in Ramadi in Iraq and central and southern Syria. But today, it’s also important for us to recognize the progress that’s been made.
Our coalition has now hit ISIL with more than 5,000 airstrikes. We’ve taken out thousands of fighting positions, tanks, vehicles, bomb factories, and training camps. We’ve eliminated thousands of fighters, including senior ISIL commanders. And over the past year, we’ve seen that when we have an effective partner on the ground, ISIL can be pushed back.
In Iraq, ISIL lost at the Mosul Dam. ISIL lost at Mount Sinjar. ISIL has lost repeatedly across Kirkuk Province. ISIL lost at Tikrit. Altogether, ISIL has lost more than a quarter of the populated areas that it had seized in Iraq. In Syria, ISIL lost at Kobani. It’s recently endured losses across northern Syria, including the key city of Tal Abyad, denying ISIL a vital supply route to Raqqa, its base of operations in Syria.
So these are reminders that ISIL’s strategic weaknesses are real. ISIL is surrounded by countries and communities committed to its destruction. It has no air force; our coalition owns the skies. ISIL is backed by no nation. It relies on fear, sometimes executing its own disillusioned fighters. Its unrestrained brutality often alienates those under its rule, creating new enemies. In short, ISIL’s recent losses in both Syria and Iraq prove that ISIL can and will be defeated.
Indeed, we’re intensifying our efforts against ISIL’s base in Syria. Our airstrikes will continue to target the oil and gas facilities that fund so much of their operations. We’re going after the ISIL leadership and infrastructure in Syria — the heart of ISIL that pumps funds and propaganda to people around the world. Partnering with other countries — sharing more information, strengthening laws and border security — allows us to work to stem the flow of foreign fighters to Syria as well as Iraq, and to stem, obviously, the flow of those fighters back into our own countries. This continues to be a challenge, and, working together, all our nations are going to need to do more, but we’re starting to see some progress.
We’ll continue cracking down on ISIL’s illicit finance around the world. By the way, if Congress really wants to help in this effort, they can confirm Mr. Adam Szubin, our nominee for Treasury Under Secretary to lead this effort. This is a vital position to our counterterrorism efforts. Nobody suggests Mr. Szubin is not qualified. He’s highly qualified. Unfortunately, his nomination has been languishing up on the Hill, and we need the Senate to confirm him as soon as possible.
Meanwhile, we continue to ramp up our training and support of local forces that are fighting ISIL on the ground. As I’ve said before, this aspect of our strategy was moving too slowly. But the fall of Ramadi has galvanized the Iraqi government. So, with the additional steps I ordered last month, we’re speeding up training of ISIL [Iraqi] forces, including volunteers from Sunni tribes in Anbar Province.
More Sunni volunteers are coming forward. Some are already being trained, and they can be a new force against ISIL. We continue to accelerate the delivery of critical equipment, including anti-tank weapons, to Iraqi security forces, including the Peshmerga and tribal fighters. And I made it clear to my team that we will do more to train and equip the moderate opposition in Syria.
Now, all this said, our strategy recognizes that no amount of military force will end the terror that is ISIL unless it’s matched by a broader effort — political and economic — that addresses the underlying conditions that have allowed ISIL to gain traction. They have filled a void, and we have to make sure that as we push them out that void is filled. So, as Iraqi cities and towns are liberated from ISIL, we’re working with Iraq and the United Nations to help communities rebuild the security, services and governance that they need. We continue to support the efforts of Prime Minister Abadi to forge an inclusive and effective Iraqi government that unites all the people of Iraq — Shia, Sunnis, Kurds and all minority communities.
In Syria, the only way that the civil war will end — and in a way so that the Syrian people can unite against ISIL — is an inclusive political transition to a new government, without Bashar Assad — a government that serves all Syrians. I discussed this with our Gulf Cooperation Council partners at Camp David and during my recent call with President Putin. I made it clear the United States will continue to work for such a transition.
And a glimmer of good news is I think an increasing recognition on the part of all the players in the region that given the extraordinary threat that ISIL poses it is important for us to work together, as opposed to at cross-purposes, to make sure that an inclusive Syrian government exists.
While the focus of our discussions today was on Iraq and Syria, ISIL and its ideology also obviously pose a grave threat beyond the region. In recent weeks we’ve seen deadly attacks in Tunisia, Kuwait and Egypt’s Sinai Peninsula. We see a growing ISIL presence in Libya and attempts to establish footholds across North Africa, the Middle East, the Caucasus, and Southeast Asia. We’ve seen attacks in Ottawa, Sydney, France and Copenhagen.
So I’ve called on the international community to unite against this scourge of violent extremism. In this fight, the United States continues to lead. When necessary to prevent attacks against our nation, we’ll take direct action against terrorists. We’ll continue to also partner with nations from Afghanistan to Nigeria to build up their security forces. We’re going to work day and night with allies and partners to disrupt terrorist networks and thwart attacks, and to smother nascent ISIL cells that may be trying to develop in other parts of the world.
This also includes remaining vigilant in protecting against attacks here in the homeland. Now, I think it’s important for us to recognize the threat of violent extremism is not restricted to any one community. Here in the United States, we’ve seen all kinds of homegrown terrorism. And tragically, recent history reminds us how even a single individual motivated by a hateful ideology with access to dangerous weapons can inflict horrendous harm on Americans. So our efforts to counter violent extremism must not target any one community because of their faith or background, including patriotic Muslim Americans who are our partners in keeping our country safe.
That said, we also have to acknowledge that ISIL has been particularly effective at reaching out to and recruiting vulnerable people around the world, including here in the United States. And they are targeting Muslim communities around the world. Numerous individuals have been arrested across the country for plotting attacks or attempting to join ISIL in Syria and Iraq. Two men apparently inspired by ISIL opened fire in Garland, Texas. And because of our success over the years in improving our homeland security, we’ve made it harder for terrorists to carry out large-scale attacks like 9/11 here at home.
But the threat of lone wolves or small cells of terrorists is complex — it’s harder to detect and harder to prevent. It’s one of the most difficult challenges that we face. And preventing these kinds of attacks on American soil is going to require sustained effort.
So I just want to repeat, the good news is that because of extraordinary efforts from law enforcement as well as our military intelligence, we are doing a better job at preventing any large-scale attacks on the homeland. On the other hand, the small, individual lone wolf attacks or small cells become harder to detect and they become more sophisticated, using new technologies. And that means that we’re going to have to pick up our game to prevent these attacks.
It’s also true why, ultimately, in order for us to defeat terrorist groups like ISIL and al Qaeda it’s going to also require us to discredit their ideology — the twisted thinking that draws vulnerable people into their ranks. As I’ve said before — and I know our military leaders agree — this broader challenge of countering violent extremism is not simply a military effort. Ideologies are not defeated with guns; they’re defeated by better ideas — a more attractive and more compelling vision.
So the United States will continue to do our part, by working with partners to counter ISIL’s hateful propaganda, especially online. We’ll constantly reaffirm through words and deeds that we will never be at war with Islam. We’re fighting terrorists who distort Islam and whose victims are mostly Muslims. But around the world, we’re also going to insist on partnering with Muslim communities as they seek security, prosperity and the dignity that they deserve. And we’re going to expect those communities to step up in terms of pushing back as hard as they can, in conjunction with other people of goodwill, against these hateful ideologies in order to discredit them more effectively, particularly when it comes to what we’re teaching young people.
And this larger battle for hearts and minds is going to be a generational struggle. It’s ultimately not going to be won or lost by the United States alone. It will be decided by the countries and the communities that terrorists like ISIL target. It’s going to be up to Muslim communities, including scholars and clerics, to keep rejecting warped interpretations of Islam, and to protect their sons and daughters from recruitment. It will be up to all people — leaders and citizens — to reject the sectarianism that so often fuels the resentments and conflicts upon which terrorists are currently thriving. It will be up to governments to address the political and economic grievances that terrorists exploit.
Nations that empower citizens to decide their own destiny, that uphold human rights for all their people, that invest in education and create opportunities for their young people — those can be powerful antidotes to extremist ideologies. Those are the countries that will find a true partner in the United States.
In closing, let me note that this Fourth of July we celebrated 239 years of American independence. Across more than two centuries, we’ve faced much bigger, much more formidable challenges than this — Civil War, a Great Depression, fascism, communism, terrible natural disasters, 9/11. And every time, every generation, our nation has risen to the moment. We don’t simply endure; we emerge stronger than before. And that will be the case here.
Our mission to destroy ISIL and to keep our country safe will be difficult. It will take time. There will be setbacks as well as progress. But as President and Commander-in-Chief, I want to say to all our men and women in uniform who are serving in this operation — our pilots, the crews on the ground, our personnel not only on the ground but at sea, our intelligence teams and our diplomatic teams — I want to thank you. We are proud of you, and you have my total confidence that you’re going to succeed.
To the American people, I want to say we will continue to be vigilant. We will persevere. And just as we have for more than two centuries, we will ultimately prevail.
Thank you very much, everybody. And thanks to the team up on the stage here with me — they’re doing an outstanding job.
Q Take a question?
THE PRESIDENT: You know what, I will take a question. Go ahead.
Q Every servicemember who is listening to you today, Mr. President, is wondering, are you going to veto the defense bills that are going to pay me? What is your latest thinking on that? Because we’ve heard secondhand through statements of policy that your advisors would threaten a veto. What’s your take, sir? Would you veto the appropriations bills?
THE PRESIDENT: Our men and women are going to get paid. And if you’ll note that I’ve now been President for six and a half years and we’ve had some wrangling with Congress in the past — our servicemembers haven’t missed a paycheck.
But what is also important in terms of our budget is making sure that we are not short-changing all the elements of American power that allow us to secure the nation and to project our power around the world. So what we’re not going to do is to accept a budget that short-changes our long-term requirements for new technologies, for readiness. We’re not going to eat our seed corn by devoting too much money on things we don’t need now and robbing ourselves of the capacity to make sure that we’re prepared for future threats.
I’ve worked very closely with the Chairman and the members of the Joint Chiefs of Staff to develop a budget that is realistic and that looks out into the future and says this is how we’re going to handle any possible contingency. And we can’t do that if we’ve got a budget that short-changes vital operations and continues to fund things that are not necessary.
We also have to remind ourselves that the reason we have the best military in the world is, first and foremost, because we’ve got the best troops in history. But it’s also because we’ve got a strong economy, and we’ve got a well-educated population. And we’ve got an incredible research operation and universities that allow us to create new products that then can be translated into our military superiority around the world. We short-change those, we’re going to be less secure.
So the way we have to look at this budget is to recognize that, A, we can’t think short term, we’ve got to think long term; and B, part of our national security is making sure that we continue to have a strong economy and that we continue to make the investments that we need in things like education and research that are going to be vital for us to be successful long term.
Q As an Army reservist, I’m curious to know if you have any plans to send any more American troops overseas right now, any additional forces.
THE PRESIDENT: There are no current plans to do so. That’s not something that we currently discussed. I’ve always said that I’m going to do what’s necessary to protect the homeland.
One of the principles that we all agree on, though, and I pressed folks pretty hard because in these conversations with my military advisors I want to make sure I’m getting blunt and unadultered [sic] uncensored advice. But in every one of the conversations that we’ve had, the strong consensus is that in order for us to succeed long-term in this fight against ISIL we have to develop local security forces that can sustain progress.
It is not enough for us to simply send in American troops to temporarily set back organizations like ISIL, but to then, as soon as we leave, see that void filled once again with extremists. It is going to be vital for us to make sure that we are preparing the kinds of local ground forces and security forces with our partners that can not only succeed against ISIL, but then sustain in terms of security and in terms of governance.
Because if we try to do everything ourselves all across the Middle East, all across North Africa, we’ll be playing Whack-a-Mole and there will be a whole lot of unintended consequences that ultimately make us less secure.
All right? Thank you. I didn’t even plan to do this. (Laughter.) You guys got two bonus questions.
Trump was born on June 14, 1946, in Queens, New York, one of five children of Mary Anne (née MacLeod) and Fred Trump, who married in 1936. His oldest brother, Fred Jr., died in 1981 at the age of 43. Trump’s mother was a Scottish immigrant, born on the Isle of Lewis, off the west coast of Scotland, and Trump’s paternal grandparents were German immigrants. His grandfather, Frederick Trump (né Friedrich Drumpf), immigrated to the United States in 1885, and became a naturalized United States citizen in 1892. Frederick married Donald’s grandmother, Elisabeth Christ (October 10, 1880 – June 6, 1966), at Kallstadt, Bavaria, Germany, on August 26, 1902. They had three children.
Trump began his career at his father’s real estate company, Elizabeth Trump and Son, which focused on middle-class rental housing in Brooklyn, Queens, and Staten Island. One of Trump’s first projects, while he was still in college, was the revitalization of the foreclosed Swifton Village apartment complex in Cincinnati, Ohio, which his father had purchased for $5.7 million in 1962. Trump became intimately involved in the project and with a $500,000 investment, turned the 1200-unit complex with a 66 percent vacancy rate to 100 percent occupancy within two years. In 1972 the Trump Organization sold Swifton Village for $6.75 million.
In 1971, Trump moved to Manhattan and became involved in larger building projects and used attractive architectural design to win public recognition. He made plans to acquire and develop the old Penn Central for $60 million with no money down. Later, with the help of a 40-year tax abatement from the New York City government, he turned the bankrupt Commodore Hotel into the Grand Hyatt and created The Trump Organization.
New York City had a plan to build the Javits Convention Center on property for which Trump held a right-to-buy option. Trump estimated his company could have completed the project for $110 million but the city rejected his offer and Trump received a broker’s fee on the sale of the property instead. Repairs on The Wollman Rink in Central Park (built in 1955) were started in 1980 with an expected 2½-year construction schedule but was nowhere near completion by 1986. Trump took over the management of the project, at no cost to the city, and completed it in three months for $1.95 million, which was $750,000 less than the initial budget.
By 1989, poor business decisions left Trump unable to meet loan payments. Trump financed the construction of his third casino, the $1 billion Taj Mahal, primarily with high-interest junk bonds. Although he shored up his businesses with additional loans and postponed interest payments, by 1991 increasing debt brought Trump to business bankruptcy and to the brink of personal bankruptcy. Banks and bond holders had lost hundreds of millions of dollars, but opted to restructure his debt to avoid the risk of losing more money in court. The Taj Mahal emerged from bankruptcy on October 5, 1991, with Trump ceding 50 percent ownership in the casino to the original bondholders in exchange for lowered interest rates on the debt and more time to pay it off.
In 2015, Forbes estimated his net worth at $4.1 billion. In June 2015, Business Insider published a June 30, 2014, financial statement supplied by Trump. The statement reflects his net worth as $8.7 billion. Of that amount, $3.3 billion is represented by “Real Estate Licensing Deals, Brand and Branded Developments”, described by Business Insider as “basically [implying] that Trump values his character at $3.3 billion”.
Beyond his traditional ventures in the real estate, hospitality, and entertainment industries and having carved out a niche for the Trump brand within these industries, Trump has since then moved on to establish the Trump name and brand in other industries and products. Trump has succeeded in marketing the Trump name on a large number of products, including Trump Financial (a mortgage firm), Trump Sales and Leasing (residential sales), Trump Restaurants (located in Trump Tower and consisting of Trump Buffet, Trump Catering, Trump Ice Cream Parlor, and Trump Bar), GoTrump (an online travel website), Donald J. Trump Signature Collection (a line of menswear, men’s accessories, and watches), Donald Trump The Fragrance (2004), Trump magazine, Trump Golf, Trump Chocolate, Trump home (home furnishings), Trump Productions (a television production company), Trump Institute, Trump The Game (1989 board game), Donald Trump’s Real Estate Tycoon (a business simulation game), Trump Books, Trump Model Management, Trump Shuttle, Trump Ice, Trump Mortgage, Trump Vodka, and Trump Steaks. In addition, Trump reportedly receives $1.5 million for each one-hour presentation he does for The Learning Annex.
In 2011, Forbes’ financial experts estimated the value of the Trump brand at $200 million. Trump disputes this valuation, saying that his brand is worth about $3 billion. Many developers pay Trump to market their properties and to be the public face for their projects. For that reason, Trump does not own many of the buildings that display his name. According to Forbes, this portion of Trump’s empire, actually run by his children, is by far his most valuable, having a $562 million valuation. According to Forbes there are 33 licensing projects under development including seven “condo hotels” (the seven Trump International Hotel and Tower developments).
In April 2011, amidst speculation whether Trump would run as a candidate in the US presidential election of 2012, Politico quoted unnamed sources close to him stating that, if Trump should decide to run for president, he would file “financial disclosure statements that [would] show his net worth [was] in excess of $7 billion with more than $250 million of cash, and very little debt.” (Presidential candidates are required to disclose their finances after announcing their intentions to run.) Although Trump did not run as a candidate in the 2012 elections, his professionally prepared 2012 financial disclosure was published in his book stating a $7 billion net worth.Estimates of Trump’s net worth have fluctuated along with real estate valuations: In 2015, Forbes listed it as $4.1 billion. On June 16, 2015, just prior announcing his candidacy for President of the United States, Trump released professionally prepared financial disclosure statements to the media stating a net worth of almost $9 billion. Some business journalists have expressed skepticism of the higher net worth estimate.
In 2011, Trump made a rare foray into the stock market after being disappointed with the depressed American real estate market and facing poor returns on bank deposits. He stated that he wasn’t a stock market person, but he also stated that prime real estate at good prices is hard to get. Among the stocks Trump purchased, he stated he bought stock in Bank of America, Citigroup, Caterpillar Inc., Intel, Johnson & Johnson and Procter & Gamble. In December 2012, Trump revealed that he also added shares of Facebook to his stock portfolio.
The USFL planned to play its 1986 schedule in the fall, directly opposite the NFL, thanks mostly to Trump’s strong advocacy of direct competition with the older, established league. Two years earlier, Trump sold most of his fellow owners on a move to the fall by arguing that it would eventually force a merger with the NFL—in which the owners of any USFL teams included in a merger would see their investment more than double.
Following the death of Buffalo Bills owner Ralph Wilson Jr. in March 2014, Trump expressed public interest in purchasing the team. When speaking to the media, Trump has made it clear that should he purchase the team, the Bills would remain in Buffalo.Ultimately, the team was sold to Kim and Terrence Pegula in September 2014.
Turnberry Hotel, Ayrshire, Scotland
The Trump Organization operates many golf courses and resorts in the United States and around the world. On February 11, 2014, it was announced that Trump had purchased Doonbeg Golf Club in the Republic of Ireland. It was confirmed that Doonbeg Golf Club would be renamed Trump International Golf Links, Ireland. In 2006, Trump bought the Menie estate in Balmedie, Aberdeenshire, Scotland creating a highly contentious golf resort. In April 2014, Trump purchased the Turnberry hotel and golf resort in Ayrshire, Scotland, which is a regular fixture in the Open Championship rota. In June 2015, Trump’s appeal objecting to an offshore windfarm (Aberdeen Bay Wind Farm) within sight of the golf links was denied.
The Miss Universe and Miss USA have been owned by Donald Trump since 1996 and are among the most recognized beauty pageants. The pageant was founded in 1952 by the California clothing company Pacific Mills. In 2015, Trump awarded the Reelz Channel exclusive rights to air the Miss Universe and Miss USA Pageants.
In March 2011, Trump was the subject of a Comedy Central Roast. The special was hosted by Seth MacFarlane, and roasters included Larry King, Snoop Dogg, and Anthony Jeselnik among regular roast participants. Trump’s daughter Ivanka was seen in the audience. In April 2011, Trump attended the White House Correspondents’ Dinner, featuring comedian Seth Meyers. President Obama used the occasion to present several prepared jokes mocking Trump.
In 2003, Trump became the executive producer and host of the NBCreality show, The Apprentice, in which a group of competitors battled for a high-level management job in one of Trump’s commercial enterprises. Contestants were successively “fired” and eliminated from the game. In 2004, Donald Trump filed a trademark application for the catchphrase “You’re fired.”
For the first year of the show, Trump was paid $50,000 per episode (roughly $700,000 for the first season), but following the show’s initial success, he is currently[when?] paid a reported $3 million per episode, making him one of the highest paid TV personalities. In 2007, Trump received a star on the Hollywood Walk of Fame for his contribution to television (The Apprentice).
Along with British TV producer Mark Burnett, Trump also put together The Celebrity Apprentice, in which well-known stars compete to win money for their charities. While Trump and Burnett co-produced the show, Trump stayed in the forefront, deciding winners and “firing” losers.
In February 2015, Trump opted not to renew his television contract for The Apprentice, generating speculation of his eventual run for President of the United States in 2016.
He also appeared at WrestleMania 23 in a match called “The Battle of the Billionaires”. Trump was in the corner of Bobby Lashley, while Vince McMahon was in the corner of Lashley’s opponent Umaga with Stone Cold Steve Austin as the special guest referee.The stipulation of the match was hair versus hair, which means that either Trump or McMahon would have their head shaved if their competitor lost. Lashley won the match, and he and Trump shaved McMahon bald.
On June 15, 2009, as part of a storyline, McMahon announced on Monday Night Raw that he had “sold” the show to Trump. Appearing on screen, Trump declared he would be at the following commercial-free episode in person and would give a full refund to the people who purchased tickets to the arena for that night’s show. McMahon “bought back” Raw the following week for twice the price. His entrance theme “Money, Money” was written by Jim Johnston.
A 2011 report by the Center for Responsive Politics showed that over two decades of U.S. elections, Donald Trump made contributions to campaigns of both Republican Party and Democratic Party candidates. In February 2012, Trump endorsed Mitt Romney for president of the United States. Trump was an early supporter of Ronald Reagan for president of the United States.
At the 2011 CPAC conference, Trump stated that he is “pro-life” and “against gun control.” He has spoken before Tea Party supporters. Trump has expressed himself against the scientific consensus that no evidence links the childhood vaccination to the development of autism.In May 2015, Trump opposed giving President Obama fast track trade authority for the Trans Pacific Partnership trade agreement. Instead, he has called for stronger negotiations with China on trade and tariffs if necessary. Trump has advocated a policy of stronger leadership to deal with the Organization of Petroleum Exporting Countries (OPEC), which he has blamed for high oil prices.
Trump floated the idea of running for president in 1988, 2004, and 2012, and for governor of New York in 2006 and 2014, but did not enter those races. He ran for the presidential nomination of the Reform Party in 2000, winning the party’s California primary. As Trump publicly speculated about seeking the 2012 Republican presidential nomination, a Wall Street Journal/NBC News poll released in March 2011 found Trump leading among potential contenders, one point ahead of former Massachusetts Governor Mitt Romney. A Newsweek poll conducted in February 2011 showed Trump within a few points of Barack Obama, with many voters undecided in the November 2012 general election for president of the United States. A poll released in April 2011 by Public Policy Polling showed Trump having a nine-point lead in a potential contest for the Republican nomination for President of the United States while he was still actively considering a run. His moves were interpreted at the time by some media as possible promotional tools for his reality show The Apprentice. On May 16, 2011, Trump announced he would not run for president.Public Policy Polling described the events of May 2011 as “one of the quickest rises and falls in the history of presidential politics”. In December 2011, Donald Trump was named among the top six of the ten most admired men and women living, according to a USA Today/Gallup poll.
In 2013, Trump was a featured speaker at the Conservative Political Action Conference (CPAC), and spent over $1 million to research a possible run for president of the United States. In October 2013, New York Republicans had circulated a memo suggesting Trump should run of governor of the state in 2014 against Andrew Cuomo. Trump said that while New York had problems and taxes were too high, running for governor was not of great interest to him. In February 2015, Trump opted not to renew his television contract for The Apprentice, generating speculation that he might run for President of the United States in 2016.
In January 2013, Trump (who is a notably popular figure in Israel) endorsed Israeli Prime Minister Benjamin Netanyahu during the 2013 Israeli elections, stating that “A strong prime minister is a strong Israel.” In 2015, Trump was awarded the ‘Liberty Award’ at the ‘Algemeiner Jewish 100 Gala’ in honor of his positive contributions to US-Israel relations.
Trump formally announced his candidacy for president of the United States in the 2016 elections on June 16, 2015, from his headquarters in Trump Tower in New York City. Trump’s announcement speech included the song “Rockin’ in the Free World“.Trump launched his campaign declaring the official slogan, “We are going to make our country great again” with a commitment to become the “greatest jobs president that God ever created”.
Trump is popularly known as The Donald, a nickname perpetuated by the media after his first wife Ivana Trump, a native of the Czech Republic, referred to him as such in an interview.
Trump’s mother, Mary Anne, was born in 1912 at Tong, Stornoway on the Isle of Lewis, off the coast of Scotland. In 1930, aged 18, on a holiday in New York, she met Fred Trump and stayed in New York. Born in Queens, New York, Trump has four siblings: two brothers, Fred, Jr. (who is deceased) and Robert S. Trump; and two sisters, Maryanne and Elizabeth. His older sister, Maryanne Trump Barry, is a federal appeals court judge.
In 1977, Trump married Ivana Zelníčková and together they have three children: Donald, Jr. (born December 31, 1977), Ivanka (born October 30, 1981), and Eric (born January 6, 1984). They were divorced in 1992. In 1993, he married Marla Maples and together they had one child, Tiffany (born October 13, 1993). They divorced on June 8, 1999. In a February 2008 interview on ABC’s news program Nightline, Trump commented on his ex-wives by saying, “I just know it’s very hard for them [Ivana and Marla] to compete because I do love what I do. I really love it.”
On April 26, 2004, he proposed to Melania Knauss, a native of Slovenia. Trump and Knauss married on January 22, 2005, at Bethesda by the Sea Episcopal Church, on the island of Palm Beach, Florida, followed by a reception at Trump’s Mar-A-Lago estate. Melania gave birth to a boy named Barron William Trump, Trump’s fifth child, on March 20, 2006.
Trump has seven grandchildren: five from his son Donald Jr. (Kai Madison, Donald John III, Tristan Milos, Spencer Frederick and Chloe Sophia) and two from his daughter Ivanka (Arabella Rose and Joseph Frederick).
Trump is a Presbyterian. In an April 2011 interview, on the 700 Club, Trump said, “I’m a Protestant, I’m a Presbyterian. And you know I’ve had a good relationship with the church over the years. I think religion is a wonderful thing. I think my religion is a wonderful religion.” A February 2011 Politics Daily article described Trump as “apparently a member of the Dutch Reformed Church, which is a Presbyterian denomination”. Andrew Cusack in 2008 stated that Donald Trump is a member of New York City’s Marble Collegiate Church. Explaining that church’s organizational relationships, Cusack says “the Collegiate Reformed Protestant Dutch Church is actually a denomination within a denomination” and that the Collegiate Churches are “now part of the Reformed Church of America“. Marble Collegiate Church also states that it is denominationally affiliated with the Reformed Church in America, with the RCA website stating that the RCA has a local church “presbyterian form of government”. Trump does not drink alcohol. Of his daughter Ivanka’s conversion to Judaism he said: “Not only do I have Jewish grandchildren, I have a Jewish daughter and I am very honored by that.”
Trump manages business financing as far as possible without placing himself at risk of personal bankruptcy. Four of his businesses have declared Chapter 11 bankruptcy. According to a 2011 report by Forbes, these were due to over-leveraged hotel and casino businesses in Atlantic City: Trump’s Taj Mahal (1991), Trump Plaza Hotel (1992), Trump Hotels and Casino Resorts (2004), and Trump Entertainment Resorts (2009)Trump said “I’ve used the laws of this country to pare debt. … We’ll have the company. We’ll throw it into a chapter. We’ll negotiate with the banks. We’ll make a fantastic deal. You know, it’s like on ‘The Apprentice.’ It’s not personal. It’s just business.” He indicated that other “great entrepreneurs” do the same.
Trump’s first corporate bankruptcy was in 1991 when Trump Taj Mahal was unable to pay its obligations.Forbes indicated that his first bankruptcy was the only one where his personal wealth was involved. Time, however, maintains that also in the later 2004 bankruptcy $72 million personal money was involved.
On November 2, 1992, the Trump Plaza Hotel filed a prepackaged Chapter 11 protection plan. Under the plan, Trump agreed to give up a 49 percent stake in the luxury hotel to Citibank and five other lenders. In return Trump would receive more favorable terms on the remaining $550+ million owed to the lenders, and retain his position as chief executive, though he would not be paid and would not have a role in day-to-day operations.
In the subsequent restructuring of these two events Trump had eliminated a large portion of his $900 million personal debt by 1994 and reduced significantly his nearly $3.5 billion in business debt. While he relinquished theTrump Princess yacht and the Trump Shuttle (which he had bought in 1989), he managed to retain Trump Tower in New York City and control of his three casinos in Atlantic City. Trump sold his ownership of West Side Yards to Asian developers as a result of his negotiations with Chase Manhattan Bank. Trump was reportedly paid a premium for placing his well known moniker on the buildings that eventually arose. In 1995, he combined his casino holdings into the publicly held Trump Hotels & Casino Resorts. The real estate assets became a source of wealth even when profits had struggled.
The third corporate bankruptcy was on October 21, 2004, when Trump Hotels & Casino Resorts announced a restructuring of its debt. The plan called for Trump’s individual ownership to be reduced from 56 percent to 27 percent, with bondholders receiving stock in exchange for surrendering part of the debt. Trump Hotels was forced to seek voluntary bankruptcy protection to stay afloat. After the company applied for Chapter 11 Protection in November 2004, Trump opted to relinquish his CEO position but retained a role as Chairman of the board. In May 2005 the company emerged from bankruptcy as Trump Entertainment Resorts Holdings.
The most recent corporate bankruptcy occurred in 2009. On February 13, Trump announced that he would resign from the board of Trump Entertainment Resorts and four days later the company filed for Chapter 11 bankruptcy. At that time Trump Entertainment Resorts had three properties in Atlantic City: Trump Taj Mahal, Trump Plaza, and Trump Marina (sold in 2011). In early August 2014 Donald Trump filed a lawsuit requesting his name be removed from the Trump Plaza Hotel and Casino and the Taj Mahal facilities since he no longer runs or controls the company. Trump Entertainment Resorts filed again for bankruptcy in 2014.
In March 1990, after an analyst at Janney Montgomery Scott said that Trump’s Taj Mahal project would initially “break records” but would fail before the end of that year, Trump threatened to sue the firm unless the analyst recanted or was fired. The analyst refused to retract the statements, and was fired by his firm. Taj Mahal declared bankruptcy for the first time in November 1990. A defamation lawsuit by the analyst against Trump for $2 million was settled out of court. The analyst’s statements regarding the Taj Mahal’s prospects were later called “stunningly accurate.”
In January 2002, the Securities and Exchange Commission brought a financial-reporting case against Trump Hotels & Casino Resorts Inc., alleging that it had committed several “misleading statements in the company’s third-quarter 1999 earnings release.” The matter was settled with the defendant neither admitting nor denying the charge.
In 2015 Trump initiated a $100 million lawsuit against Palm Beach County claiming that officials pressured the FAA to direct air traffic to the Palm Beach International Airport in a “deliberate and malicious” act over his Mar-A-Lago estate. The air traffic is allegedly damaging the construction of the building and disrupting its ambience. Trump had previously sued twice over airport noise.
In 1973, the Justice Department unsuccessfully sued Trump Management Corporation for alleged racial discrimination, at which time Trump was the company’s president. The federal government filed the lawsuit against his New York City real estate company for allegedly discriminating against potential black renters to which Trump never admitted, the case was settled out of court in 1975.
A 1991 book, Trumped!!, by John R. O’Donnell, former president of Trump Plaza Hotel & Casino, claimed that Trump once said in reference to a black accountant at Trump Plaza: “laziness is a trait in blacks.” O’Donnell claimed he told him: “Black guys counting my money! I hate it. The only kind of people I want counting my money are short guys that wear yarmulkes every day.” Trump responded that O’Donnell was a disgruntled employee.
In April 2011, he questioned President Obama’s proof of citizenship. Trump also questioned whether Obama had good enough grades to warrant entry to Harvard Law School. On April 25, 2011, Trump called for Obama to end the citizenship issue by releasing the long-form of his birth certificate. Obama eventually made a formal statement in efforts by the White House to put the matter to rest with the release of the long-form of Obama’s birth certificate on April 27, 2011. Trump expressed pride at his role in the release of the long-form certificate in a press conference follow-up.
On August 24, 2013, a lawsuit filed by New York Attorney GeneralEric Schneiderman, whose claims were dismissed by the Manhattan Superior Court, had accused Trump of defrauding more than 5,000 people of $40 million for the opportunity to learn Trump’s real estate investment techniques in a for-profit training program, Trump University. On January 30, 2014, the New York court dismissed all of the Attorney General’s fraud claims against Trump, allowing only the licensing aspect of the case to proceed. In October 2014, the New York court found Trump only liable for not obtaining a license to operate the for-profit investment school, Trump Entrepreneur Initiative, formerly known as Trump University. In a separate class action civil suit in mid-February 2014, a San Diego federal judge allowed claimants in California, Florida, and New York to proceed.
On June 5, 2013, Trump tweeted: “According to Bill O’Reilly, 80% of all the shootings in New York City are blacks-if you add Hispanics, that figure goes to 98%, 1% white”. Trump also tweeted: “Sadly, the overwhelming amount of violent crime in our major cities is committed by blacks and hispanics-a tough subject-must be discussed”.
In late October 2014, model Alexia Palmer filed a civil suit against Trump Model Management for promising a $75,000 annual salary but paying only $3,380.75 for three years’ work. Palmer claims to be owed more than $200,000. Palmer charged that Trump Model Management, charged, in addition to a management fee, “obscure expenses” from postage to limousine rides that consumed the remainder of her compensation. Trump attorney Alan Garten claims the lawsuit is “bogus and completely frivolous.”
Illegal immigration comments, 2015
Trump attracted reactions from opponents and defenders regarding comments on undocumented illegal immigration while announcing his candidacy for the U.S. presidency at Trump Tower on June 16, 2015 in New York City. He stated in part, “When Mexico sends its people, they’re not sending their best. They’re not sending you. They’re not sending you. They’re sending people that have lots of problems, and they’re bringing those problems…. They’re bringing drugs. They’re bringing crime. They’re rapists. And some, I assume, are good people.”
On July 6, 2015, Trump issued a 3-page, 881-word written statement clarifying his earlier comments on illegal immigration, which read in part:
“The Mexican Government is forcing their most unwanted people into the United States. They are, in many cases, criminals, drug dealers, rapists, etc. This was evident just this week when, as an example, a young woman in San Francisco was viciously killed by a 5 time deported Mexican with a long criminal record, who was forced back into the United States because they didn’t want him in Mexico. This is merely one of thousands of similar incidents throughout the United States. In other words, the worst elements in Mexico are being pushed into the United States by the Mexican government. The largest suppliers of heroin, cocaine and other illicit drugs are Mexican cartels that arrange to have Mexican immigrants trying to cross the borders and smuggle in the drugs. The Border Patrol knows this. Likewise, tremendous infectious disease is pouring across the border. The United States has become a dumping ground for Mexico and, in fact, for many other parts of the world. On the other hand, many fabulous people come in from Mexico and our country is better for it. But these people are here legally, and are severely hurt by those coming in illegally. I am proud to say that I know many hard working Mexicans—many of them are working for and with me…and, just like our country, my organization is better for it.”
– Donald Trump, Written Statement released July 6, 2015.
Reactions to illegal immigration comments
José Antonio Meade Kuribreña, Mexican Secretary of Foreign Affairs, said that “he is a politician who ignores the context in which it is participating”, with regard to US international economic relations and Trump’s comments.
Univision announced it would no longer carry broadcasts of the Miss USA Pageant. In response, Trump indicated the matter would be handled by legal action, and followed through by filing a $500 million lawsuit against Univision. The complaint asserts that Univision is attempting to suppress Trump’s First Amendment rights by putting pressure on his business ventures.
Paulina Vega, the current Miss Universe, said that, although she repudiates the immigration remarks of Trump, who in turn called her a “hypocrite”, that she cannot give up the crown because her contract forbids it, and she could be sued.
Serta, a mattress manufacturer, also decided to drop their business relationship with Trump.
Story 1: Will A Greece Default On Debt Trigger A World Recession? — Bubbles Bursting? — Greek Odious Debt Default On The Brink — Jump! — Greece Defaults! — Videos
Greece misses 1.5 billion euro IMF payment 01:12
Greece officially defaults 02:28
Greece defaults on $1.7 billion payment
Laura Branigan – Self Control
Donna Summer Last Dance
The History of Odious Debt
Not Much Difference Between U.S. and Greece
How Will Greece’s Default to the IMF Impact Europe?
Analysis: Who is to blame for Greece’s debt crisis?
Nightly Business Report — June 29, 2015
Greece’s Economic Disaster May Spread To Other Countries – Episode 704
SR381 – Why Greece Will Default
Keiser Report: Greece! Start Fresh (E777)
Keiser Report: IMF failed Greece long before bailout (E776)
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Greece Makes The First Move, Debt Is Illegal And Odious – Episode 694
Should Greece Answer The Debt Crisis By Pulling A Trump?
Greece and the Euro Breakup; Why the US Dollar Is Facing an Even Bigger Crisis
Ep. 89: Greece is a sideshow. U.S. is the Main Event.
Greek Economic Crisis: Three Things to Know
Parsons: Greece default will be ‘big time’ problem for U.S. banks
Greece on the Brink – Documentary [HD]
DONNA SUMMER – I feel love (1977) HD and HQ
Laura Branigan – Gloria 
Forever Young Laura Branigan
Greece’s bailout expires, country defaults on IMF payment
By ELENA BECATOROS and DEREK GATOPOULOS
y to fall into arrears on payments to the fund. The last country to do so was Zimbabwe in 2001.
After Greece made a last-ditch effort to extend its bailout, eurozone finance ministers decided in a teleconference late Tuesday that there was no way they could reach a deal before the deadline.
“It would be crazy to extend the program,” said Dutch Finance Minister Jeroen Dijsselbleom, who heads the eurozone finance ministers’ body known as the eurogroup. “So that cannot happen and will not happen.”
(AP) An elderly man passes a graffiti outside an old bank in Athens, Tuesday, June 30,… Full Image
“The program expires tonight,” Dijsselbleom said.The brinkmanship that has characterized Greece’s bailout negotiations with its European creditors and the IMF rose several notches over the weekend, when Prime Minister Alexis Tsipras announced he would put a deal proposal by creditors to a referendum on Sunday and urged a “No” vote.
The move increased fears the country could soon fall out of the euro currency bloc and Greeks rushed to pull money out of ATMs, leading the government to shutter its banks and impose restrictions on banking transactions on Monday for at least a week.
But in a surprise move Tuesday night, Deputy Prime Minister Yannis Dragasakis hinted that the government might be open to calling off the popular vote, saying it was a political decision.
The government decided on the referendum, he said on state television, “and it can make a decision on something else.”
(AP) A demonstrator waves a Greek flag during a rally organized by supporters of the YES… Full Image
It was unclear, however, how that would be possible legally as Parliament has already voted for it to go ahead.Greece’s international bailout expires at midnight central European time, after which the country loses access to billions of euros in funds. At the same time, Greece has said it will not be able to make a payment of 1.6 billion euros ($1.8 billion) to the IMF.
With its economy teetering on the brink, Greece suffered its second sovereign downgrade in as many days when the Fitch ratings agency lowered it further into junk status, to just one notch above the level where it considers default inevitable.
The agency said the breakdown of negotiations “has significantly increased the risk that Greece will not be able to honor its debt obligations in the coming months, including bonds held by the private sector.”
Fitch said it now considered a default on privately-held debt “probable.”
(AP) People stand in a queue to use an ATM outside a closed bank, next to a sign on the… Full Image
Hopes for an 11th-hour deal were raised when the Greek side announced it had submitted a new proposal Tuesday afternoon, and the eurozone’s 19 finance ministers held a teleconference to discuss it.But those hopes were quickly dashed.
German Chancellor Angela Merkel said she ruled out further negotiations with Greece before Sunday’s popular vote on whether to accept creditors’ demands for budget reforms.
“Before the planned referendum is carried out, we will not negotiate over anything new,” the dpa news agency quoted Merkel as saying.
Greece’s latest offer involves a proposal to tap Europe’s bailout fund — the so-called European Stability Mechanism, a pot of money set up after Greece’s rescue programs to help countries in need.
(AP) The word “NO”, referring to the upcoming referendum, is written in red paint outside… Full Image
Tsipras’ office said the proposal was “for the full coverage of (Greece’s) financing needs with the simultaneous restructuring of the debt.”Dijsselbloem said the finance ministers would “study that request as we should” and that they would hold another conference call Wednesday, as they had also received a second letter from Athens that they had not had time to read.
Dragasakis said the new letter “narrows the differences further.”
“We are making an additional effort. There are six points where this effort can be made. I don’t want to get into specifics. But it includes pensions and labor issues,” he said.
European officials and Greek opposition parties have been adamant that a “No” vote on Sunday will mean Greece will leave the euro and possibly even the EU.
(AP) Demonstrators shout slogans during a rally organized by supporters of the YES vote… Full Image
The government says this is scaremongering, and that a rejection of creditor demands will mean the country is in a better negotiating position.In Athens, more than 10,000 “Yes” vote supporters gathered outside parliament despite a thunderstorm, chanting “Europe! Europe!”
Most huddled under umbrellas, including Athens resident Sofia Matthaiou.
“I don’t know if we’ll get a deal. But we have to press them to see reason,” she said, referring to the government. “The creditors need to water down their positions, too.”
The protest came a day after thousands of government supporters advocating a “No” vote held a similar demonstration.
(AP) Demonstrators gather under the rain during a rally organized by supporters of the… Full Image
On Monday, European Commission President Jean-Claude Juncker made a new offer to Greece. Under that proposal, Tsipras would need to accept the creditors’ proposal that was on the table last weekend. He would also have to change his position on Sunday’s referendum.Commission spokesman Margaritis Schinas said the offer would also involve unspecified discussions on Athens’s massive debt load of over 300 billion euros, or around 180 percent of GDP. The Greek side has long called for debt relief, saying its mountainous debt is unsustainable.
A Greek government official said Tsipras had spoken earlier in the day with Juncker, European Central Bank chief Mario Draghi and European Parliament president Martin Schulz.
Meanwhile, missing the IMF payment will cut Greece off from new loans from the organization.
And with its bailout program expiring, Greece will lose access to more than 16 billion euros ($18 billion) in financial support it has not yet tapped, officials said. They spoke on condition of anonymity because talks about the program were still ongoing.
On the streets of Athens, long lines formed again at ATM machines as Greeks struggled with the new restrictions on banking transactions. Under credit controls imposed Monday, Greeks are now limited to ATM withdrawals of 60 euros ($67) a day and cannot send money abroad or make international payments without special permission.
The elderly have been hit particularly hard, with tens of thousands of pensions unpaid as of Tuesday afternoon. Many also found themselves completely cut off from any cash as they do not have bank cards.
The finance ministry said it would open about 1,000 bank branches across the country for three days beginning Wednesday to allow pensioners without bank cards to make withdrawals. But the limit would be set at 120 euros for the whole week.
With negotiations have broken off in dramatic fashion last week, a cacophony of voices on Syriza’s Left have vowed to prioritise domestic obligations unless creditors finally unlock the remainder of its €240bn bail-out programme. Greece only avoided going bust earlier this month after the government has asked for a Zambia-style debt bundling which will now be due on June 30.
The rhetoric is a far cry from February, when Greece’s finance minister pledged his government would “squeeze blood out of a stone” to meet its obligations to the Fund.
Although no nation has ever officially defaulted on its obligations in the post-Bretton Woods era, Greece would join an ignominious list of war-torn nations and international pariahs who have failed to pay back the Fund on time.
What happens after a default?
In choosing to bundle up four separate June repayments, Greece avoided triggering an immediate default.
But in the event of a delayed repayment, according to IMF protocol, Greece could be afforded a 30-day grace period, during which it would be urged to pay back the money as soon as possible, and before Ms Lagarde notifies her executive board of the late payment.
However, with talks have broken down in acrimonious fashion between the country and its creditors, Ms Lagarde has said she will renege on this and notify her board “immediately”.
Having spooked creditors and the markets of the possibility of a fatal breach of the sanctity of monetary union, Greece may well stump up the cash if an agreement to release the country more emergency aid is reached (that’s looking increasingly unlikely however).
But should no money be forthcoming however, the arrears process may well extend indefinitely.
Greece’s other creditor burden would also start piling up, with the government due to pay another €6.6bn to the European Central Bank in July and August.
Stopping the cash
Although the exact process is uncertain, falling into a protracted arrears procedure could have major consequences for continued financial assistance from Greece’s other creditors – the European Central Bank and European Commission.
“If Greece defaults to the IMF, then they are considered to be in default to the rest of the eurozone,” says Raoul Ruparel, head of economic research at Open Europe.
“Such a scenario would risk the European Financial Stability Facility (EFSF) cancelling all or part of its facility or even declaring the principal amount of the loan to be due immediately,” say analysts at Bank of America Merrill Lynch.
Should the EFSF take such a decisive move, it could activate a range of cross default clauses on Greek government bonds held by private investors and the ECB. These clauses state a default to one creditor institution applies to all.
The political and market damage that may ensue would be substantial. Popular sentiment in creditor nations would turn against the errant Greeks, while the position of the ECB in particular could quickly come under the spotlight.
The central bank has kept Greek banks on a tight leash, maintaining that it would only restore normal lending operations to the country once “conditions for a successful completion of the programme are in place”.
A wave of defaults may force the ECB into finally pulling the plug on the emergency assistance it has been providing in ever larger doses since February.
What would happen if Greece left the euro? In 60 seconds
Scrambling for funds
Whatever the outcome, Greece on many measures, is all but bankrupt.
In addition to the half a billion euros plus it owes the Fund this month, the Leftist government will still be paying back the IMF until 2030. In total, its repayment schedule stretches out over the next 42 years to 2057.
Greece makes new aid proposal, seeks debt restructuring
ATHENS (Reuters) – Greece has submitted to creditors a new two-year aid proposal calling for parallel debt restructuring, the office of Prime Minister Alexis Tsipras said on Tuesday, in what seemed like a last-ditch effort by Athens to resolve an impasse with lenders.
The statement came hours before Athens was set to default on a loan to the International Monetary Fund. It was unclear how creditors would respond.
“The Greek government proposed today a two-year deal with the ESM (European Stability Mechanism) to fully cover its financial needs and with parallel debt restructuring,” the government said in a statement.
“Greece remains at the negotiating table,” the statement said, adding that Athens would always seek a “viable solution to stay in the euro.”
If Greece defaults on its debt, it will be the biggest default by a country in history.
Greece is expected to miss a €1.5 billion ($1.7 billion) debt payment on Tuesday. That won’t be enough to put it in the record books yet, but it could eventually make Greece default on its entire debt load: €323 billion ($360 billion).
This isn’t the first time Greece has been on the brink. Greece already holds the record for the biggest default ever by a country from 2012 when it went into technical default and had to restructure about $138 billion of its debt. Back then, Greece was quickly bailed out by its European peers. That’s unlikely to happen now.
The Greek government pulled its negotiators from talks with European officials Friday after little progress was made on a debt payment plan and economic reforms. Greece has called for a referendum vote on July 5 on the latest proposal from Europe and the International Monetary Fund.
Greece already holds the record: Greece’s 2012 technical default shattered the previous record set by Argentina in 2001, when the South American nation defaulted on $95 billion in debt. While there are parallels between the two countries, experts say this potential Greek default could be much worse.
“Things are incredibly dire,” says Anna Gelpern, a Georgetown University professor. “For political reasons and market-confidence reasons, they need to deal with the debt…It’s not clear to me how they deal with it without defaulting on anyone.”
Greece won’t officially be in default right away. The International Monetary Fund generally gives countries a month after missing a debt payment before it declares a country in defaulted. However, the markets will most likely judge Greece to be in default by July 1.
Greece’s debt is spread out across the board. Greece owes money to the International Monetary Fund, Germany, France, Greek banks and several others.
But consider this: Whatever happens to Greece, it’s likely to be a long process. Argentina is still in default. But a key difference is that Greece has four times the debt load of Argentina — the next worst default — but Greece’s economy is only half the size of Argentina’s.
While Greece would be the biggest sovereign default, Lehman Brothers had over $600 billion in assets when it filed for bankruptcy in 2008. A Greek default would be smaller and unlikely to rattle the global financial system like Lehman, but it would have a long-lasting impact on the Greek people.
Here are some of the worst sovereign defaults since 2000.
1. Greece — $138 billion, March 2012. Despite going into a technical default, the Greek government is propped up by bailout funds from its European peers. Those bailout funds eventually lead to the current dilemma.
2. Argentina — $95 billion, November 2001. Argentina’s currency was “pegged” or equal to one U.S. dollar for years — a currency exchange that eventually proved to be completely inaccurate. Like Greece is doing this week, Argentina also clamped down on Argentines trying to take money out of the banks. It didn’t help. The country’s economy was nearly three times smaller just one year later, according to IMF data. In July 2014, Argentina went into a technical default after it missed a debt payment to its hold out creditors.
3. Jamaica — $7.9 billion, February 2010. Massive government overspending for years and rapid inflation pushed Jamaica into default five years ago. At the time, over 40% of the government’s budget went to paying debts. Its economy, which depends on tourism, suffered when the U.S. recession began in late 2008.
4. Ecuador — $3.2 billion, December 2008. Ecuador pulled a fast one on its creditors. With a debt payment looming, the Ecuardor’s government, led by President Rafael Correa, just said no to its creditors. He claimed the debt, some which was owned by American hedge funds, was “immoral.” Rich in resources, Ecuardor could have made debt payments, but intentionally chose not to.
Despite Lagarde’s initial reluctance, IMF on the hook for Greece
By By Anna Yukhananov | Reuters – 21 hours ago
By Anna Yukhananov
WASHINGTON (Reuters) – As French Finance Minister in 2010, Christine Lagarde opposed the involvement of the International Monetary Fund in Greece.
Now as the country stands on the edge of defaulting on a 1.6 billion euro ($1.8 billion) payment to the Fund, Lagarde’s tenure at the head of the IMF since 2011 will be shaped by Greece, which holds a referendum on Sunday that could pave the way to its exit from the euro.
By its own admission the Washington-based institution broke many of its rules in lending to Greece. It ended up endorsing austerity measures proposed by the European Commission and European Central Bank, its partners in the troika of Greece’s lenders, instead of leading talks as it had done with other countries such as Russia and in the Asian financial crisis.
“I think the IMF has missed the opportunity (on Greece), because it has not fully leveraged the lessons it learned from the previous crises it was involved in, due to this asymmetric relationship within the troika,” said Domenico Lombardi, a former IMF board member.
That the IMF lent to Greece at the behest of Europe, which has nominated every IMF Managing Director since the inception of the Fund in 1946, may expose the institution to greater scrutiny, especially as it has $24 billion in loans outstanding to Greece in its largest-ever program.
“When it was clear that the Greek program was underperforming, they did not push back sufficiently against the euro zone, which had at the time a misguided policy emphasis on only austerity,” said Jacob Funk Kirkegaard, a fellow at the Peterson Institute in Washington.
The involvement of the Fund in Greece and its continued support for decisions driven by eurozone governments caused a deep split in the institution.
Some IMF economists had misgivings about lending to Greece in 2010 within the constraints of the so-called “troika” of lenders, where the Fund would be the junior partner to the European Central Bank and the European Commission.
IMF board members also protested the “exceptional” size of the program, as Athens did not meet the Fund’s criteria for debt sustainability, meaning it would have trouble repaying.
Yet swayed by the fear that contagion in Athens could spread to French and German banks, the IMF agreed to participate in a joint 110-billion-euro bailout of Greece with the Europeans.
“The Europeans have a third of the voting rights (at the IMF), and they have appointed the managing director since the beginning, so essentially it is the governance that has driven the Greek program,” said Lombardi who is now with the Canada-based Center for International Governance Innovation.
Later, the Fund admitted that its projections for the Greek economy had been overly optimistic. Instead of growing after a year of austerity, Greece’s economy plunged into one of the worst recessions to ever hit a country in peacetime, with output falling 22 percent from 2008 to 2012.
While the euro zone’s insistence on drawing a direct link between euro membership and Greece’s debt sustainability and the negotiating tactics of the Greek government have exposed both to questions of credibility, the Fund stands charged as well.
“The IMF’s reputation, too, has been shaken from widespread criticism of the Greek program, including its own admission of its failures,” said Lombard Street Research economist Konstantinos Venetis.
TEMPTATION TO GO BIG
If Greece does default on all $24 billion it owes to the Fund, that will dwarf previous delinquencies from countries like Sudan, Zimbabwe and Somalia.
While the IMF was worried about contagion when it made the loans, it also had institutional incentives for wanting to bail out troubled countries, said Andrea Montanino, a former IMF board member who left the Fund in 2014 after participating in reviews of Greece’s second bailout in 2012.
“The IMF is in a preferred creditor status; the more you lend, the more you earn,” said Montanino, now with the Atlantic Council.
The IMF’s heavy involvement in large bailouts for euro zone countries, which included Ireland and Portugal, have enabled it to build up its reserve buffers in recent years. It is now aiming to store away some $28 billion by 2018.
From interest and charges on the Greek program alone, the IMF has earned some $3.9 billion since 2010, according to figures on the IMF’s website.
“I think the Greek lesson is in the future, the IMF will be much more careful,” said Montanino.
Greece is widely expected to miss a crucial payment to the International Monetary Fund (IMF) on Tuesday—hours before its bailout officially ends at midnight and the country is left with few, if any, financial lifelines.
Greek officials have already warned the country is unable to pay the 1.6 billion euros ($1.8 billion) due to the IMF by 6 p.m. ET, after reforms-for-aid talks with creditors broke down at the weekend.
Jeroen Dijsselbloem, the president of the Eurogroup, subsequently tweeted on Tuesday that there would be a teleconference to discuss an “official request” from the Greek government “received this afternoon” at 1 p.m. ET.
The Greek government on Tuesday proposed a new, two-year bailout deal with the European Stability Mechanism. This would be to “fully cover its financing needs and the simultaneous restructuring of debt,” according to a translated press release from the office of the Greek Prime Minister.
Yannis Behrakis | Reuters
A protester waves a Greek flag in front of the parliament building during a rally in Athens, Greece, June 22, 2015.
This comes at a time when Greece’s financial future is in jeopardy. The country will potentially have no access to external sources of cash, once its funding from the European Financial Stability Facility (EFSF) expires at midnight.
Meanwhile, Greece’s banking system is being kept afloat by emergency liquidity assistance (ELA) from the European Central Bank, which is up for review on Wednesday.
Against a backdrop of uncertainty, Tsipras has called a referendum on July 5 of the Greek people on whether to accept the bailout proposals—and accompanying austerity measures—proposed by creditors.
Tsipras has urged the public to vote “no” to more austerity.
“The Greek government will claim a sustainable agreement within the euro. This is the message of NO to a bad deal at the referendum on Sunday,” the translated statement from the prime minister’s office said on Tuesday.
‘Running out of notches’
Meanwhile, credit ratings agencies are increasingly nervous about the country’s solvency.
Fitch Ratings downgraded Greek banks on Monday to “Restricted Default,” after Athens imposed capital controls to prevent an exodus of deposits from Greece.
In addition, Standard & Poor’s (S&P) lowered Greece’s credit rating to CCC- from CCC, saying the probability of the country exiting the euro zone was now 50 percent.
Moritz Kraemer, chief rating officer of sovereign ratings at S&P, told CNBC on Tuesday that the group was “actually running out of notches” for Greece.
“We have the rating at CCC- and that’s pretty much the lowest rung that we have on our scale,” he told CNBC Europe’s “Squawk Box.”
If Greece misses its payment on Tuesday, then the IMF will consider it in “arrears” – a technical term used by the IMF, which is similar to default.
If a country is in arrears to the IMF, it means it won’t get any future aid until the bill is repaid.
Although the IMF payment is dominating headlines, S&P’s Kraemer said that Greece’s bailout program ending at midnight was just as significant.
“Basically after that we’re back to square one,” he said. “So even if there was to be a change of heart in Athens and they did decide to take the creditors’ offer, that’s legally no longer possible as the program would have elapsed.”
Greece’s debt crisis: It all started in 2001…
Yannis Behrakis | Reuters
From Wikipedia, the free encyclopedia
In international law, odious debt, also known as illegitimate debt, is a legal theory that holds that the national debt incurred by a regime for purposes that do not serve the best interests of the nation, should not be enforceable. Such debts are, thus, considered by this doctrine to be personal debts of the regime that incurred them and not debts of the state. In some respects, the concept is analogous to the invalidity of contracts signed under coercion.
When a despotic regime contracts a debt, not for the needs or in the interests of the state, but rather to strengthen itself, to suppress a popular insurrection, etc, this debt is odious for the people of the entire state. This debt does not bind the nation; it is a debt of the regime, a personal debt contracted by the ruler, and consequently it falls with the demise of the regime. The reason why these odious debts cannot attach to the territory of the state is that they do not fulfil one of the conditions determining the lawfulness of State debts, namely that State debts must be incurred, and the proceeds used, for the needs and in the interests of the State. Odious debts, contracted and utilised for purposes which, to the lenders’ knowledge, are contrary to the needs and the interests of the nation, are not binding on the nation – when it succeeds in overthrowing the government that contracted them – unless the debt is within the limits of real advantages that these debts might have afforded. The lenders have committed a hostile act against the people, they cannot expect a nation which has freed itself of a despotic regime to assume these odious debts, which are the personal debts of the ruler.
There are many examples of similar debt repudiation.
Patricia Adams, executive director of Probe International, a Canadian environmental and public policy advocacy organisation and author of Odious Debts: Loose Lending, Corruption, and the Third World’s Environmental Legacy, stated: “by giving creditors an incentive to lend only for purposes that are transparent and of public benefit, future tyrants will lose their ability to finance their armies, and thus the war on terror and the cause of world peace will be better served.” In a Cato Institute policy analysis, Adams suggested that debts incurred by Iraq during Saddam Hussein‘s reign were odious because the money was spent on weapons, instruments of repression, and palaces.
A 2002 article by economists Seema Jayachandran and Michael Kremer renewed interest in this topic. They propose that the idea can be used to create a new type of economic sanction to block further borrowing by dictators. Jayachandran proposed new recommendations in November 2010 at the 10th anniversary of the Jubilee movement at the Center for Global Development in Washington, D.C.
In December 2008, Ecuadorian President Rafael Correa attempted to default on Ecuador’s national debt, calling it illegitimate odious debt, because it was contracted by corrupt and despotic prior regimes. He succeeded in reducing the price of the debt letters before continuing paying the debt.
Story 1: Supreme Court Obamacare Attack On American Consumer Sovereignty and Individual Freedom — Big Government Tyranny and Coercion — Videos
“The state is that great fiction by which everyone tries to live at the expense of everyone else.”
“Each of us has a natural right, from God, to defend his person, his liberty, and his property.”
~ Frederic Bastiat
“Liberty is always freedom from the government.”
“The fact is that, under a capitalistic system, the ultimate bosses are the consumers.
The sovereign is not the state, it is the people.”
“The common man is the sovereign consumer whose buying or abstention from buying ultimately determines what should be produced and in what quantity and quality.”
“It is important to remember that government interference always means either violent action or the threat of such action.
The funds that a government spends for whatever purposes are levied by taxation.
And taxes are paid because the taxpayers are afraid of offering resistance to the tax gatherers.
They know that any disobedience or resistance is hopeless.
As long as this is the state of affairs, the government is able to collect the money that it wants to spend.
Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen.
The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning.
Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.”
~Ludwig von Mises
“In a democracy, the power to make the law rests with those chosen by the people. Our role is more confined —’to say what the law is.’ … That is easier in some cases than in others. But in every case we must respect the role of the Legislature, and take care not to undo what it has done. A fair reading of legislation demands a fair understanding of the legislative plan. Congress passed the Affordable Care Act to improve health insurance markets, not to destroy them. If at all possible, we must interpret the Act in a way that is consistent with the former, and avoids the latter.”
~Chief Justice John Roberts
“Today’s interpretation is not merely unnatural; it is unheard of. Who would ever have dreamt that ‘Exchange established by the State’ means ‘Exchange established by the State or the Federal Government’? Little short of an express statutory definition could justify adopting this singular reading.”
“We should start calling this law SCOTUScare.”
~Justice Antonin Scalia
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The Truth About Obamacare
In Upholding Obamacare’s Subsidies, Justice Roberts Rewrites the Law—Again
Time to start calling the Affordable Care Act SCOTUScare.
By Peter Suderman
Supreme Court Chief Justice John Roberts has rewritten the law to save Obamacare—again.
Roberts’ majority opinion today in King v. Burwell, which ruled that the Obama administration’s decision to allow health insurance subsidies flow through the law’s federal exchanges, leaves no doubt that Roberts considers it his duty to keep the law afloat.
“Congress passed the Affordable Care Act to improve health insurance markets, not to destroy them,” he writes. “If at all possible, we must interpret the Act in a way that is consistent with the former, and avoids the latter.”
And so Roberts decided that a law which explicitly and repeatedly states that subsidies are limited to exchanges “established by a State,” and which defines “State” as one of the 50 states or the District of Columbia, actually allows subsidies in exchanges established by a State or the federal government. Roberts’ decision does not interpret Obamacare; it adds to it and reworks it, and in the process transforms it into something that it is not.
Roberts has not merely tweaked the law; he has rewritten it to mean the opposite of what it clearly means. Why include the phrase “established by a State under Section 1311″—the section dealing with state-based exchanges—except to limit the subsidies to those particular exchanges? Roberts’ opinion reconceptualizes this limiting language as inclusive.
The Chief Justice frames his decision as a form of respectful deference to congressional intent. As my colleague Damon Root noted earlier, his opinion cautions that in “every case we must respect the role of the Legislature, and take care not to undo what it has done. A fair reading of legislation demands a fair understanding of the legislative plan.”
But Roberts’ opinion is far more than a fair reading of the legislative plan; it is a Court-imposed decision as to what that plan must be.
As Justice Antonin Scalia writes in a scathing dissent, Roberts presumes, with no definitive evidence, that his interpretation is the one that Congress intended. “What makes the Court so sure that Congress ‘meant’ tax credits to be available everywhere?” Scalia asks. “Our only evidence of what Congress meant comes from the terms of the law, and those terms show beyond all question that tax credits are available only on state Exchanges.”
Roberts’ opinion declares its intent to uphold the law’s basic policy scheme, arguing that there would be adverse insurance market effects to a decision in favor of the challengers. In other words, there would have been policy implications to a ruling for the plaintiffs. That is almost certainly true, but it is not an excuse to rewrite the clear language of the law.
As Scalia says in the dissent, “The Court protests that without the tax credits, the number of people covered by the individual mandate shrinks, and without a broadly applicable individual mandate the guaranteed-issue and community-rating requirements ‘would destabilize the individual insurance market.’ If true, these projections would show only that the statutory scheme contains a flaw; they would not show that the statute means the opposite of what it says.” The majority has decided how Obamacare’s policy scheme should work, and redrafted the statute accordingly.
If Roberts had truly wanted to defer to Congress, he could have ruled that the law means what says rather than what it does not, and effectively handed the issue back to the legislature, letting Congress decide whether and how to update the law in accordance with its own wishes. Instead, Roberts made the choice for Congress—taking its power to craft law for itself. As Scalia writes, “the Court’s insistence on making a choice that should be made by Congress both aggrandizes judicial power and encourages congressional lassitude.”
This is not the first time that Roberts has rewritten the law in order to uphold it. In 2012, he declared that the law’s individual mandate to purchase insurance was unconstitutional under the Constitution’s Commerce Clause—and yet upheld it by declaring that the law’s penalty was instead permissible as a tax. In the same decision, he also found that the law’s threat to revoke all federal Medicaid funding from states that decline to participate in Obamacare’s expansion of the program was unconstitutionally coercive. But rather than strike the whole thing down, Roberts rewrote it, allowing the Medicaid expansion, and the rest of the law, to continue but without the same threat to state budgets.
In his dissent, Scalia argues that there’s a pattern to these rulings. “Under all the usual rules of interpretation, in short, the Government should lose this case. But normal rules of interpretation seem always to yield to the overriding principle of the present Court: The Affordable Care Act must be saved.”
If anything, it’s even worse. What Roberts has saved is not the law so much as the Obama administration’s dubious, textually unsupported interpretation and implementation of Obamacare. This is not judicial restraint. It is judicial hubris.
And while it would be overstatement to say that this damages the legitimacy of the Court, it certainly reflects on the legacy and status of the law. As even Roberts admits in his opinion, the law “contains more than a few examples of inartful drafting” and generally “does not reflect the type of care and deliberation that one might expect of such significant legislation.” It is a shoddy, messy piece of legislation, held together, barely, by Supreme Court duct tape.
At this point, then, the law is as much a joint project between the administration and the Roberts court as it is a creation of Congress. As Scalia snarks at the end of his dissent, “we should start calling this law SCOTUScare.” Regardless of what we call it, that’s effectively what it has become.
The U.S. Supreme Court on Thursday handed the Obama administration a major victory on health care, ruling 6-3 that nationwide subsidies called for in the Affordable Care Act are legal.
“Congress passed the Affordable Care Act to improve health insurance markets, not to destroy them,” the court’s majority said in the opinion, which was written by Chief Justice John Roberts. But they acknowledged that “petitioners’ arguments about the plain meaning … are strong.”
The majority opinion cited the law’s “more than a few examples of inartful drafting,” but added, “the context and structure of the Act compel us to depart from what would otherwise be the most natural reading of the pertinent statutory phrase.”
Roberts was joined by the court’s liberal justices, Ruth Bader Ginsburg, Stephen Breyer, Sonia Sotomayor and Elena Kagan, as well as by Anthony Kennedy.
In his dissent, Justice Antonin Scalia said: “We should start calling this law SCOTUScare,” an apparent reference to the fact the Supreme Court has now saved the Affordable Care Act twice. Scalia called the majority’s reading of the text “quite absurd, and the court’s 21 pages of explanation make it no less so.”
As NPR’s Nina Totenberg reported in March, opponents of the law contended “that the text of the law does not authorize subsidies to make mandated insurance affordable in 34 states.”
At issue were six words in one section of the law. As Nina pointed out: “Those words stipulate that for people who cannot afford health coverage, subsidies are available through ‘an exchange established by the state.’ ” She added:
“The government [contended] that those words refer to any exchange, whether it is set up by the state itself or an exchange run for the state by the federal government in accordance with individual state insurance laws and regulations. The challengers [said] the statute means what it says and no more.”
The court agreed Thursday with the government’s position.
The decision comes three years after a bitterly divided high court upheld the Affordable Care Act as constitutional by a 5-4 vote.
President Obama made a statement on the ruling late Thursday morning, saying the Affordable Care Act “is here to stay.”
SCOTUS rules 6-3 in favor of administration in major defeat for critics of the health law.
Obamacare’s health insurance subsidies will live, thanks to the Supreme Court.
The High Court has ruled 6-3 in favor of the administration to uphold the subsidies in Obamacare’s federal exchanges. The case challenged the administration’s decision, through the Internal Revenue Service, to allow subsidies in the 36 exchanges run by the federal government under the law.
The challengers argued that the plain text of the law, which states that subsidies are only available in an exchange “established by a State,” defining “State” to mean the 50 states or the District of Columbia, prohibited subsidies in the federal exchanges. The administration argued that the IRS rule allowing those subsidies was consistent with the overall structure of the law, and with congressional intent.
Writing for the majority, Chief Justice John Roberts sided with the administration’s position, saying that although the health law contains “more than a few examples of inartful drafting,” the Court nevertheless believes that the relevant section of the law “can fairly be read consistent with what we see as Congress’s plan, and that is the reading we adopt.” The complete ruling can be read here.
Basically, the Supreme Court, decided they’d rather squint at the law and look at its general shape rather than bother too much with the plain meaning of the relevant text.
This is a major victory fo the administration and backers of the health law, whose decision to ignore the plain text of the law has been blessed by the Court. It’s also a big loss for critics of Obamacare, who hoped to see the law’s implementation restrained by its legislative text, and for straightforward interpretation of congressional statute.
What it means is that the crazy array of post-King scenarios that many had speculated about over the last few months will never come to pass. Obamacare stays the same, in terms of both policy and politics. It’s a ruling for the status quo.
Reason will have much more on this throughout the day.
Supreme Court Allows Nationwide Health Care Subsidies
The Supreme Courtruled on Thursday that President Obama’s health care law allows the federal government to provide nationwide tax subsidies to help poor and middle-class people buy health insurance, a sweeping vindication that endorsed the larger purpose of Mr. Obama’s signature legislative achievement.
The 6-to-3 ruling means that it is all but certain that the Affordable Care Act will survive after Mr. Obama leaves office in 2017. For the second time in three years, the law survived an encounter with the Supreme Court. But the court’s tone was different this time. The first decision, in 2012, was fractured and grudging, while Thursday’s ruling was more assertive.
“Congress passed the Affordable Care Act to improve health insurance markets, not to destroy them,” Chief Justice John G. Roberts Jr. wrote for a united six-justice majority. In 2012’s closely divided decision, Chief Justice Roberts also wrote the controlling opinion, but that time no other justice joined it in full.
Demonstrators expressed their support for the Affordable Care Act outside of the Supreme Court on Thursday.CreditDoug Mills/The New York Times
In dissent on Thursday, Justice Antonin Scalia called the majority’s reasoning “quite absurd” and “interpretive jiggery-pokery.”
He announced his dissent from the bench, a sign of bitter disagreement. His summary was laced with notes of incredulity and sarcasm, sometimes drawing amused murmurs in the courtroom as he described the “interpretive somersaults” he said the majority had performed to reach the decision.
“We really should start calling this law Scotus-care,” Justice Scalia said, to laughter from the audience.
In a hastily arranged appearance in the Rose Garden on Thursday morning, a triumphant Mr. Obama praised the ruling. “After multiple challenges to this law before the Supreme Court, the Affordable Care Act is here to stay,” he said, adding: “What we’re not going to do is unravel what has now been woven into the fabric of America.”
The ruling was a blow to Republicans, who have been trying to gut the law since it was enacted. But House Speaker John A. Boehner vowed that the political fight against it would continue.
“The problem with Obamacare is still fundamentally the same: The law is broken,” Mr. Boehner said. “It’s raising costs for American families, it’s raising costs for small businesses and it’s just fundamentally broken. And we’re going to continue our efforts to do everything we can to put the American people back in charge of their health care and not the federal government.”
The case concerned a central part of the Affordable Care Act that created marketplaces, known as exchanges, to allow people who lack insurance to shop for individual health plans. Some states set up their own exchanges, but about three dozen allowed the federal government to step in to run them. Across the nation, about 85 percent of customers using the exchanges qualify for subsidies to help pay for coverage, based on their income.
The question in the case, King v. Burwell, No. 14-114, was what to make of a phrase in the law that seems to say the subsidies are available only to people buying insurance on “an exchange established by the state.”
A legal victory for the plaintiffs, lawyers for the administration said, would have affected more than six million people and created havoc in the insurance markets and undermined the law.
Chief Justice Roberts acknowledged that the plaintiffs had strong arguments about the plain meaning of the contested words. But he wrote that the words must be understood as part of a larger statutory plan. “In this instance,” he wrote, “the context and structure of the act compel us to depart from what would otherwise be the most natural reading of the pertinent statutory phrase.”
This was challenging, he said, in light of the law’s “more than a few examples of inartful drafting,” a consequence of rushed work behind closed doors that “does not reflect the type of care and deliberation that one might expect of such significant legislation.”
But he said the law’s interlocking parts supported a ruling in favor of the subsidies, particularly given that a contrary decision could have given rise to chaos in the insurance markets. A ruling rejecting subsidies in most of the nation would have left in place other parts of the law, including its guarantee of coverage regardless of pre-existing conditions, its requirement that most Americans obtain insurance or pay a penalty, and its expansion of Medicaid.
Without the subsidies, many people would be unable to afford insurance, and healthier consumers would go without coverage, leaving insurers with a sicker, more expensive pool of customers. That would raise prices for everyone, leading to what supporters of the law called death spirals.
“The statutory scheme compels us to reject petitioners’ interpretation,” Chief Justice Roberts wrote, referring to the challengers, “because it would destabilize the individual insurance market in any state with a federal exchange, and likely create the very ‘death spirals’ that Congress designed the act to avoid.”
In dissent, Justice Scalia wrote that the majority had stretched the statutory text too far.
Copies of the court’s ruling in favor of nationwide health insurance subsidies were rushed to television news reporters.CreditDoug Mills/The New York Times
“I wholeheartedly agree with the court that sound interpretation requires paying attention to the whole law, not homing in on isolated words or even isolated sections,” Justice Scalia wrote. “Context always matters. Let us not forget, however, why context matters: It is a tool for understanding the terms of the law, not an excuse for rewriting them.”
“Reading the act as a whole leaves no doubt about the matter,” he wrote. “ ‘Exchange established by the state’ means what it looks like it means.”
Justice Scalia said the decision had damaged the court’s reputation for “honest jurisprudence.”
The court, he said, had taken into its own hands a matter involving tens of billions of dollars that should have been left to Congress.
“It is up to Congress to design its laws with care,” he added, “and it is up to the people to hold them to account if they fail to carry out that responsibility.”
Justices Clarence Thomas and Samuel A. Alito Jr. joined Justice Scalia’s dissenting opinion.
Chief Justice Roberts rejected the argument that Congress had limited the availability of subsidies in order to encourage states to create their own exchanges, a notion that had occurred to almost no one at the time the law was enacted.
Sixteen states and the District of Columbia have established their own exchanges. Under the law, the federal government has stepped in to run exchanges in the rest of the states.
“The whole point of that provision,” Chief Justice Roberts wrote, “is to create a federal fallback in case a state chooses not to establish its own exchange. Contrary to petitioners’ argument, Congress did not believe it was offering states a deal they would not refuse — it expressly addressed what would happen if a state did refuse the deal.
The case started when four plaintiffs, all from Virginia, sued the Obama administration, saying the phrase meant that the law forbids the federal government to provide subsidies in states that do not have their own exchanges.
The plaintiffs challenged an Internal Revenue Service regulation that said subsidies were allowed whether the exchange was run by a state or by the federal government. They said the regulation was at odds with the Affordable Care Act.
Judge Roger L. Gregory, writing for a three-judge panel of the court, said the contested phrase was “ambiguous and subject to multiple interpretations.” That meant, he said, that the I.R.S. interpretation was entitled to deference.
The Supreme Court’s ruling was more forceful. “This is not a case for the I.R.S.,” Chief Justice Roberts wrote. “It is instead our task to determine the correct reading.”
In a 6-3 ruling authored by Chief Justice Roberts, the Court held that subsidies are available on the federal exchanges. Those voting in the majority were Roberts, Kennedy, Ginsburg, Breyer, Sotomayor, and Kagan.
Had the court ruled otherwise, it would have put all of Obamacare in jeopardy, since 38 states do not have exchanges and Obamacare is too expensive for most people without a subsidy.
The issue was whether only state-established exchanges could issue tax credits, or whether the federal exchanges could also. Challengers to IRS regulations pointed to the words “established by the State” in the legislation as clear and unambiguous that subsidies were limited to state exchanges.
The Court rejected this assertion:
These provisions suggest that the Act may not always use the phrase “established by the State” in its most natural
sense. Thus, the meaning of that phrase may not be as clear as it appears when read out of context. [at 11.]
As he did in upholding an Obamacare constitutional challenge in 2012, Roberts found a way to read the law so as to save the law:
The upshot of all this is that the phrase “an Exchange established by the State under [42 U. S. C. §18031]” is properly viewed as ambiguous. The phrase may be limited in its reach to State Exchanges. But it is also possible that the phrase refers to all Exchanges—both State and Federal—at least for purposes of the tax credits. If a State chooses not to follow the directive in Section 18031 that it establish an Exchange, the Act tells the Secretary to establish “such Exchange.” §18041. And by using the words “such Exchange,” the Act indicates that State and Federal Exchanges should be the same. But State and Federal Exchanges would differ in a fundamental way if tax credits were available only on State Exchanges—one type of Exchange would help make insurance more affordable by providing billions of dollars to the States’ citizens; the other type of Exchange would not.2 [at 12-13]
The Court found Obamacare so “inartfully drafted” that the Court essentially wrote the law for Congress through “statutory interpretation.”
The Affordable Care Act contains more than a few examples of inartful drafting. (To cite just one, the Act creates three separate Section 1563s. See 124 Stat. 270, 911, 912.) Several features of the Act’s passage contributed to that unfortunate reality. Congress wrote key parts of the Act behind closed doors, rather than through “the traditional legislative process.” Cannan, A Legislative
History of the Affordable Care Act: How Legislative Procedure Shapes Legislative History, 105 L. Lib. J. 131, 163 (2013). And Congress passed much of the Act using a complicated budgetary procedure known as “reconciliation,” which limited opportunities for debate and amendment, and bypassed the Senate’s normal 60-vote filibuster requirement. Id., at 159–167. As a result, the Act does not reflect the type of care and deliberation that one mightexpect of such significant legislation….
Anyway, we “must do our best, bearing in mind the fundamental canon of statutory construction that the words of a statute must be read in their context and with a view to their place in the overall statutory scheme.” Utility Air Regulatory Group, 573 U. S., at ___ (slip op., at 15) (internal quotation marks omitted). After reading Section 36B along with other related provisions in the Act, we cannot conclude that the phrase “an Exchange established by the State under [Section 18031]” is unambiguous. [at 14-15]
Nowhere in any of the opinions is the term “Gruber” mentioned. Jonathan Gruber, one of the architects of the law, stated on numerous occasions that there was a specific purpose of the language to exclude the federal exchange, so as to pressure states to get subsidies for their citizens by establishing exchanges.
Architect of Obamacare: Only get tax credits if buy on state exchanges
The Court rejected the Gruber view of Congressional intent:
The whole point of that provision is to create a federal fallback in case a State chooses not to establish its own Exchange. Contrary to petitioners’ argument, Congress did not believe it was offering States a deal they would not refuse—it expressly addressed what
would happen if a State did refuse the deal.
Having found the term “established by the State” ambiguous, the Court read it in a way such as to save Obamacare and prevent a “death spiral” of the law:
Given that the text is ambiguous, we must turn to the broader structure of the Act to determine the meaning of Section 36B. “A provision that may seem ambiguous in isolation is often clarified by the remainder of the statutory scheme . . . because only one of the permissible meanings produces a substantive effect that is compatible with the rest of the law.” United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd., 484 U. S. 365, 371 (1988). Here, the statutory scheme compels us to reject petitioners’ interpretation because it would destabilize the individual insurance market in any State with a Federal Exchange, and likely create the very “death spirals” that Congress designed the Act to avoid. [at 15]
Reliance on context and structure in statutory interpretation is a “subtle business, calling for great wariness lest
what professes to be mere rendering becomes creation and attempted interpretation of legislation becomes legislation itself.” Palmer v. Massachusetts, 308 U. S. 79, 83 (1939). For the reasons we have given, however, such reliance is appropriate in this case, and leads us to conclude that Section 36B allows tax credits for insurance purchased on any Exchange created under the Act. Those credits are necessary for the Federal Exchanges to function like their State Exchange counterparts, and to avoid the type of calamitous result that Congress plainly meant to avoid. [at 21]
Roberts and the majority did not want to be the ones to take down Obamacare, and that drove everything:
Congress passed the Affordable Care Act to improve health insurance markets, not to destroy them. If at all possible, we must interpret the Act in a way that is consistent with the former, and avoids the latter. Section 36B can fairly be read consistent with what we see as Congress’s plan, and that is the reading we adopt. [at 21]
Scalia’s dissent, joined by Thomas and Alito, was stinging, and in my opinion correct as to the absurdity of the Court contorting itself to save the law (as Roberts did in the original Obamacare challenge):
The Court holds that when the Patient Protection and Affordable Care Act says “Exchange established by the State” it means “Exchange established by the State or the Federal Government.” That is of course quite absurd, and the Court’s 21 pages of explanation make it no less so. [at 1]
Scalia points out that the words have a plain meaning:
This case requires us to decide whether someone who buys insurance on an Exchange established by the Secretary gets tax credits. You would think the answer would be obvious—so obvious there would hardly be a need for the Supreme Court to hear a case about it. In order to receive any money under §36B, an individual must enroll in an insurance plan through an “Exchange established by the State.” The Secretary of Health and Human Services is not a State. So an Exchange established by the Secretary is not an Exchange established by the State—which means people who buy health insurance through such an Exchange get no money under §36B.
Words no longer have meaning if an Exchange that is not established by a State is “established by the State.” …. [at 2, italics in original]
Scalia argued — persuasively — that the overriding goal seems to be saving Obamacare, not exercising normal judicial interpretation of plain language:
“[T]he plain, obvious, and rational meaning of a statute is always to be preferred to any curious, narrow, hidden sense that nothing but the exigency of a hard case and the ingenuity and study of an acute and powerful intellect would discover.” Lynch v. Alworth-Stephens Co., 267 U. S. 364, 370 (1925) (internal quotation marks omitted). Under all the usual rules of interpretation, in short, the Government should lose this case. But normal rules of interpretation seem always to yield to the overriding principle of the present Court: The Affordable Care Act must be saved. [at 2-3]
Scalia wrote that the majority opinion rewrote the law “with no semblance of shame”:
The Court interprets §36B to award tax credits on both federal and state Exchanges. It accepts that the “most natural sense” of the phrase “Exchange established by the State” is an Exchange established by a State. Ante, at 11. (Understatement, thy name is an opinion on the Affordable Care Act!) Yet the opinion continues, with no semblance of shame, that “it is also possible that the phrase refers to all Exchanges—both State and Federal.” Ante, at 13. (Impossible possibility, thy name is an opinion on the Affordable Care Act!) [at 3]
Scalia then delivered the best line of the day. Looking back over multiple decisions from the Court to rewrite Obamacare in order to save it, Scalia insisted that the law now should be called SCOTUScare:
Today’s opinion changes the usual rules of statutory interpretation for the sake of the Affordable Care Act. That, alas, is not a novelty. In National Federation of Independent Business v. Sebelius, 567 U. S. ___, this Court revised major components of the statute in order to save them from unconstitutionality. The Act that Congress passed provides that every individual “shall” maintain insurance or else pay a “penalty.” 26 U. S. C. §5000A. This Court, however, saw that the Commerce Clause does not authorize a federal mandate to buy health insurance. So it rewrote the mandate-cum-penalty as a tax. 567 U. S., at ___–___ (principal opinion) (slip op., at 15–45).
The Act that Congress passed also requires every State to accept an expansion of its Medicaid program, or else risk losing all Medicaid funding. 42 U. S. C. §1396c. This Court, however, saw that the Spending Clause does not authorize this coercive condition. So it rewrote the law to withhold only the incremental funds associated with the Medicaid expansion. 567 U. S., at ___–___ (principal opinion) (slip op., at 45–58). Having transformed two major parts of the law, the Court today has turned its attention to a third. The Act that Congress passed makes tax credits available only on an “Exchange established by the State.” This Court, however, concludes that this limitation would prevent the rest of the Act from working as well as hoped. So it rewrites the law to make tax credits available everywhere.
We should start calling this law SCOTUScare. [at 20-21, emphasis and hard paragraph breaks added.]
The legacy of this Court, Scalia wrote, will live on just as Obamacare, but in infamy:
Perhaps the Patient Protection and Affordable Care Act will attain the enduring status of the Social Security Act or the Taft-Hartley Act; perhaps not. But this Court’s two decisions on the Act will surely be remembered through the years. The somersaults of statutory interpretation they have performed (“penalty” means tax, “further [Medicaid] payments to the State” means only incremental Medicaid payments to the State, “established by the State” means not established by the State) will be cited by litigants endlessly, to the confusion of honest jurisprudence. And the cases will publish forever the discouraging truth that the Supreme Court of the United States favors some laws over others, and is prepared to do whatever it takes to uphold and assist its favorites.
From ‘Jiggery-Pokery’ to ‘SCOTUScare,’ Read the Best Quotes From Today’s Obamacare Ruling
Justice Antonin Scalia’s flair for the dramatic shines through, while Chief Justice John Roberts plays it straight.
Supporters of the Affordable Care Act react with cheers as the opinion for health care is reported outside of the Supreme Court in Washington on Thursday .
By U.S. News Staff
Thursday’s 6-3 ruling by the Supreme Court upholding the validity of tax credits that help millions of people afford health insurance under the Affordable Care Act came down to a literal matter of interpretation.
At issue were words in the law that subsidies could be distributed for health coverage purchased through “an Exchange established by the State.” The plaintiffs argued the law should be read literally, nullifying subsidies provided through exchanges that relied on the federal government. The Obama administration countered that the law never intended to limit subsidies in such a way.
Chief Justice John Roberts authored the court’s majority opinion, and was countered by Justice Antonin Scalia’s dissent. Here are some select quotes from both.
Chief Justice John Roberts authored the court’s majority opinion.
“The upshot of all this is that the phrase ‘an Exchange established by the State under [42 U. S. C. §18031]’ is properly viewed as ambiguous. The phrase may be limited in its reach to State Exchanges. But it is also possible that the phrase refers to all Exchanges—both State and Federal—at least for purposes of the tax credits.”
“It would be odd indeed for Congress to write such detailed instructions about customers on a State Exchange, while having nothing to say about those on a Federal Exchange.”
“The Affordable Care Act contains more than a few examples of inartful drafting. Several features of the Act’s passage contributed to that unfortunate reality. Congress wrote key parts of the Act behind closed doors, rather than through ‘the traditional legislative process’ … As a result, the Act does not reflect the type of care and deliberation that one might expect of such significant legislation.”
“The statutory scheme compels us to reject petitioners’ interpretation because it would destabilize the individual insurance market in any State with a Federal Exchange, and likely create the very ‘death spirals’ that Congress designed the Act to avoid.”
“In petitioners’ view, Congress made the viability of the entire Affordable Care Act turn on the ultimate ancillary provision: a sub-sub-sub section of the Tax Code. We doubt that is what Congress meant to do.”
“In a democracy, the power to make the law rests with those chosen by the people. Our role is more confined —’to say what the law is.’ … That is easier in some cases than in others. But in every case we must respect the role of the Legislature, and take care not to undo what it has done. A fair reading of legislation demands a fair understanding of the legislative plan. Congress passed the Affordable Care Act to improve health insurance markets, not to destroy them. If at all possible, we must interpret the Act in a way that is consistent with the former, and avoids the latter.”
Justice Antonin Scalia authored the court’s dissenting opinion.
“Today’s interpretation is not merely unnatural; it is unheard of. Who would ever have dreamt that ‘Exchange established by the State’ means ‘Exchange established by the State or the Federal Government’? Little short of an express statutory definition could justify adopting this singular reading.”
“We should start calling this law SCOTUScare.”
“The Court holds that when the Patient Protection and Affordable Care Act says ‘Exchange established by the State’ it means ‘Exchange established by the State or the Federal Government.’ That is of course quite absurd, and the Court’s 21 pages of explanation make it no less so.”
“Yet the opinion continues, with no semblance of shame, that ‘it is also possible that the phrase refers to all Exchanges—both State and Federal.’ (Impossible possibility, thy name is an opinion on the Affordable Care Act!)”
“The Court’s next bit of interpretive jiggery-pokery involves other parts of the Act that purportedly presuppose the availability of tax credits on both federal and state Exchanges.”
“Much less is it our place to make everything come out right when Congress does not do its job properly. It is up to Congress to design its laws with care, and it is up to the people to hold them to account if they fail to carry out that responsibility.”
“The somersaults of statutory interpretation they have performed (‘penalty’ means tax, ‘further [Medicaid] payments to the State’ means only incremental Medicaid payments to the State, ‘established by the State’ means not established by the State) will be cited by litigants endlessly, to the confusion of honest jurisprudence. And the cases will publish forever the discouraging truth that the Supreme Court of the United States favors some laws over others, and is prepared to do whatever it takes to uphold and assist its favorites.”
Decreasing the number of uninsured is a key goal of the Affordable Care Act (ACA), which provides Medicaid coverage to many low-income individuals in states that expand and Marketplace subsidies for individuals below 400% of the poverty line. Baseline estimates show that over 41 million individuals were uninsured in 2013, prior to the start of the major ACA coverage provisions, and early evidence suggests that the ACA has reduced this number. This brief describes trends in coverage leading up to the ACA, reviews early estimates of the impact of the ACA on the uninsured, examines the characteristics of the uninsured population, and summarizes the access and financial implications of not having coverage.
Summary: Key Facts about the Uninsured Population
What was happening to the uninsured leading up to the ACA?
Trends in the uninsured have historically tracked economic conditions, with the number of uninsured people increasing during recessionary periods when people lost their jobs. Public programs provided a safety net during the Great Recession and prevented many from going uninsured. On the eve of the ACA, as the economy stabilized, coverage losses slowed. However, over 41 million people were still without coverage in 2013.
What has been happening to the uninsured under the ACA?
As of 2014, the ACA helps expand coverage to millions of currently uninsured people through the expansion of Medicaid eligibility and establishment of Health Insurance Marketplaces. The ACA also includes reforms to help people maintain coverage and make private insurance affordable and accessible. Early evidence on coverage in the first few months of 2014 indicates that the number of uninsured has declined since the availability of these new provisions.
Why are so many Americans uninsured?
The high cost of insurance has been the main reason why people go without coverage. In 2013, 61% of uninsured adults said the main reason they were uninsured was because the cost was too high or because they had lost their job. Many people do not have access to coverage through a job, and gaps in eligibility for public coverage in the past have left many without an affordable option. Even after ACA coverage expansions, Medicaid eligibility for adults remains limited in states that did not expand their programs.
Who are the uninsured?
Most of the uninsured are in low-income working families. In 2013, nearly 8 in 10 were in a family with a worker, and nearly 6 in 10 have family income below 200% of poverty. Reflecting the more limited availability of public coverage, adults have been more likely to be uninsured than children. People of color are at higher risk of being uninsured than non-Hispanic Whites.
How does the lack of insurance affect access to health care?
People without insurance coverage have worse access to care than people who are insured. Almost a third of uninsured adults in 2013 (30%) went without needed medical care due to cost. Studies repeatedly demonstrate that the uninsured are less likely than those with insurance to receive preventive care and services for major health conditions and chronic diseases.
What are the financial implications of lack of coverage?
The uninsured often face unaffordable medical bills when they do seek care. In 2013, nearly 40% of uninsured adults said they had outstanding medical bills, and a fifth said they had medical bills that caused serious financial strain. These bills can quickly translate into medical debt since most of the uninsured have low or moderate incomes and have little, if any, savings.
What was happening to the uninsured leading up to the ACA?
The number of uninsured people steadily increased throughout most of the past decade due to decreasing employer sponsored insurance coverage and rising health care costs. The recent recession led to a steep increase in uninsured rates from 2008 to 2010 as a high jobless rate led millions to lose their employer sponsored coverage.1Medicaid and CHIP prevented steeper drops in insurance coverage, as many Americans became newly eligible for these programs when their income declined during the recession. From 2011 to 2013, uninsured rates dropped as the economy improved and early provisions expanding coverage under the ACA went into effect.
The share of the nonelderly population with employer-sponsored coverage declined steadily between 2000 and 2010, dropping nearly ten percentage points over the decade.2 In 2011, this trend ended as the share with employer-sponsored coverage held nearly constant at around 58% between 2011 and 2013. This break in trend was likely due to uptake of the ACA provision that allowed young adults to continue as dependents on parents’ private plans until age 26. It also reflects improving economic conditions. The unemployment rate peaked at 10.0 percent in October 2009. From 2010 on, the unemployment rate improved steadily, corresponding with a drop in the uninsured rate from 2010 to 2013 (Figure 1).
The share of people covered by Medicaid increased significantly during the recent recession due to the weak economy and loss of jobs, which led to declining family incomes and decreasing employer-sponsored coverage among families. Between 2007 and 2013, over 10 million people—primarily children—gained Medicaid coverage. These gains offset some of the loss of employer coverage over the period.
In 2013, the uninsured rate among nonelderly individuals was at 16.7%, a level comparable to pre-recession uninsured rates (Figure 1). Still, many uninsured individuals had been uninsured for long periods, often five years or more,3 indicating that their lack of coverage was related to forces outside the recession. With the major ACA coverage provisions going into effect in 2014, many are newly-insured.
What has been happening to the uninsured under the ACA?
Under the ACA, as of 2014, Medicaid coverage is expanded to nearly all adults with incomes at or below 138% of poverty in states that expand, and tax credits are available for people who purchase coverage through a health insurance Marketplace. Early data suggest that the ACA has helped expand coverage to millions of previously uninsured people, but some—particularly poor adults in states that do not expand Medicaid—are still left without affordable coverage.
As of mid-April 2014 (after the first open enrollment period), over 8 million people selected plans through the federal or state Marketplaces.4 The vast majority of Marketplace enrollees (85%) were eligible for premium tax credits. Many Marketplace enrollees are newly-insured. A survey of people with private non-group plans after open enrollment found that nearly six in ten (57 percent) of those with Marketplace coverage were uninsured prior to purchasing their current plan.5 Other data from insurers suggest a large increase in the individual market in the first quarter attributable to the ACA.6
Enrollment data also show that as of July 2014, Medicaid enrollment has grown by 8 million since the period before open enrollment (which started in October 2013).7 This growth is an increase of 14% in monthly Medicaid enrollment.8 Enrollment increases were higher (20%) among states that chose to expand Medicaid eligibility. These data suggest that Medicaid enrollment growth is related to ACA expansions.9
Early survey data suggest that the uninsured rate is falling. The early release of estimates from the first quarter (January through March) of the 2014 National Health Interview Survey indicates that the uninsured rate dropped for nonelderly individuals in the first quarter of 2014 by a full percentage point relative to the first quarter of the previous year.10 However, the NHIS early results were not likely to have captured most or all of the ACA’s effects, as many people enrolled in coverage after survey data were collected. NHIS early results also show that states that chose to expand Medicaid saw significant declines in uninsured rates among adults from 2013 to the first quarter of 2014 (Figure 2). States that did not choose to expand Medicaid did not see corresponding declines. Several private polls and surveys also indicate that the uninsured rate has been decreasing since the period prior to ACA open enrollment. While these surveys have different methodologies and often have high error margins that make point estimates unreliable, they are all in agreement that the uninsured rate has dropped in 2014.
Even with the availability of new coverage options, millions remain uninsured. Previous analyses show that many poor adults in states that do not expand Medicaid will continue to be at risk to be uninsured.11 People of color, people living in the South,12 and individuals living in rural areas are especially at risk to be left out of ACA coverage expansions.13
Why are so many Americans uninsured?
Insurance is expensive, and few people can afford to buy it on their own. Most Americans obtain health insurance coverage through an employer, but not all workers are offered employer-sponsored coverage. Also, not all who are offered coverage by an employer can afford their share of the premiums. Medicaid and the Children’s Health Insurance Program (CHIP) cover many low-income individuals, particularly children. However, Medicaid eligibility for adults remains limited in some states, and few people can afford to purchase coverage on their own without financial assistance.
Uninsured individuals report that cost poses a major barrier to purchasing coverage. In 2013, 61% of adults said that the main reason they are uninsured is either because the cost is too high or because they lost their job, compared to 1.7% who said they are uninsured because they do not need coverage (Figure 3). Under the ACA, financial assistance is available to help many uninsured people afford coverage.
Not all workers have access to coverage through their job. Most uninsured workers are self-employed or work for small firms where health benefits are less likely to be offered.14 Low-wage workers who are offered coverage often cannot afford their share of the premiums, especially for family coverage.15,16
Workers usually enroll in employer-sponsored health insurance if they are eligible.17 However, it has become increasingly difficult for many workers to afford coverage. In 2014, the average annual total cost of employer-sponsored family coverage was $16,834, and the worker’s share averaging $4,823 per year.18 Between 2004 and 2014, total premiums have increased by 69%, and the worker’s share has increased over 81%.19 Starting in 2015, under the ACA, employers with 50 or more workers will be penalized if they do not offer affordable coverage. As of 2014, the ACA provides Marketplace tax credits or Medicaid coverage for many employees without access to affordable employer-sponsored insurance.20
In 2013, over 51 million nonelderly individuals were covered by Medicaid and CHIP.21 Historically, Medicaid was only available to low-income children, parents, pregnant women, people with disabilities, and the elderly. While states have increasingly expanded eligibility for children over time, eligibility for parents remained much more limited before ACA coverage expansions.22
As of September 2014, 28 states are moving forward or will be moving forward with expanded Medicaid eligibility for most nonelderly individuals under 138% FPL.23 This expansion will fill in historical gaps in eligibility for public coverage. However, in states that do not expand their Medicaid programs, eligibility for adults remains limited: the median eligibility level for parents is just 47% of poverty, and adults without dependent children are ineligible in nearly all states not expanding.
Who are the Uninsured?
The majority of the uninsured are in low-income working families. Reflecting the more limited availability of public coverage, adults are more likely to be uninsured than children. People of color are at higher risk of being uninsured than non-Hispanic Whites.
Based on the most recent data that is available (which reflects coverage prior to the major ACA provisions), over six in ten of the uninsured have at least one full-time worker in their family, and 16% have a part-time worker in the family (Figure 4).
Individuals below poverty are at the highest risk of being uninsured, and this group accounted for 27% of all the uninsured in 2013 (the poverty level for a family of three was $19,530 in 2013). In total, almost nine in ten of the uninsured are in low- or moderate-income families, meaning they are below 400% of poverty (Figure 3).
While a plurality (46%) of the uninsured are White, non-Hispanic, people of color are at higher risk of being uninsured than White non-Hispanics. People of color make up 40% of the population but account for over half of the total uninsured population. The disparity in insurance coverage is especially high for Hispanics, who account for 19% of the total population but more than 30% of the uninsured population. Hispanics and non-Hispanic Blacks have significantly higher uninsured rates (25.6% and 17.3%, respectively) than Whites (11.7%).24
About eight in ten of the uninsured are U.S. citizens and 19.7% are non-citizens. Uninsured non-citizens include both lawfully present and undocumented immigrants. Undocumented immigrants and legal immigrants residing in the U.S. for less than five years are ineligible for federally funded health coverage.
Uninsured rates vary widely by state and by region, with individuals living in the South and West the most likely to be uninsured (Figure 5). This variation reflects different economic conditions, availability of employer-based coverage, demographics, and eligibility for public coverage.
How does the lack of insurance affect access to health care?
Almost a third of uninsured adults (30%) in 2013 went without needed care each year due to cost (Figure 5). Studies repeatedly demonstrate that the uninsured are less likely than those with insurance to receive preventive care and services for major health conditions and chronic diseases.25, 26, 27, 28 Research also has suggested that insurance can decrease likelihood of depression and stress.29
Health providers can choose to not provide care to the uninsured. Only emergency departments are required by federal law to screen and stabilize all individuals. However, the uninsured are not necessarily more likely to use the emergency room than those with insurance.30 If the uninsured are unable to pay for care in full, they are often turned away when they seek follow-up care for urgent medical conditions.31
The uninsured receive less preventive care and recommended screenings than the insured. In 2013, only 1 in 3 uninsured adults (33%) reported a preventive visit with a physician in the last year, compared to 74% of adults with employer coverage and 67% of adults with Medicaid.32 Uninsured older adults (ages 50-64) were far less likely than their insured counterparts to report having been screened for cancer in the past five years.33
Receiving needed care is especially important for the uninsured since they are generally not as healthy as those with private coverage. The uninsured are at higher risk for preventable hospitalizations and for missed diagnoses of serious health conditions.34 After a chronic condition is diagnosed, they are less likely to receive follow-up care and as a result are more likely to have their health decline.35 Lack of follow-up attributed to being uninsured can delay the detection of certain cancers, which can result in adverse outcomes.36 It follows that the uninsured also have significantly higher mortality rates than those with insurance.37,38
The uninsured report higher rates of postponing care and forgoing needed care or prescriptions due to cost compared to those enrolled in Medicaid and other public programs (Figure 6). A seminal study of health insurance in Oregon found that the uninsured were less likely to receive care from a hospital or doctor than newly insured Medicaid enrollees.39A follow-up study found that newly insured Medicaid enrollees were much less likely to delay care because of costs than the uninsured.40
What are the financial implications of lack of coverage?
The uninsured often face unaffordable medical bills when they do seek care. These bills can quickly translate into medical debt since most of the uninsured have low or moderate incomes and have little, if any, savings.
Those without insurance for an entire year pay for one-fifth of their care out-of-pocket.41 They are typically billed for any care they receive, often paying higher charges than the insured.42
Medical bills can put great strain on the uninsured and threaten their physical and financial well-being. The uninsured are significantly more likely than individuals covered by employer coverage, non-group insurance or Medicaid to have trouble paying medical bills (Figure 7). Almost 40% of uninsured adults have outstanding medical bills.
A study based on the Oregon Health Insurance Experiment found that the uninsured were more likely to experience financial strain from medical bills and out-of-pocket expenses than those with Medicaid coverage. The uninsured were also more likely than the insured to have to postpone care because of costs.43
The uninsured live with the knowledge that they may not be able to afford to pay for their family’s medical care, which can cause anxiety and potentially lead them to delay or forgo care. Almost three-quarters (70%) of the uninsured are not confident that they can pay for the health care services they think they need, compared to 13% of those with employer coverage and 37% with Medicaid.44
The average uninsured household has no net assets.45 Without sufficient income or assets to pay their medical bills, uninsured individuals often see their debts accumulate while their credit ratings are compromised. Medical debts contribute to almost half of all bankruptcies in the United States.46
Over 41 million nonelderly individuals were uninsured in 2013. This figure represents the baseline against which most changes in the ACA will be measured. While we do not yet know the full effect of the major coverage provisions of the ACA, early evidence indicates that it is working to expand insurance to those who need it.
Going without coverage can have serious health consequences for the uninsured because they receive less preventive care, and delayed care often results in more serious illness requiring advanced treatment. Being uninsured also can have serious financial consequences. The ACA holds promise for many people who will gain access to health insurance coverage, but monitoring how coverage changes and who is left out of coverage expansions is also important.
Story 1: Billionaires For Bush and Clinton — American People For Anyone Else — Nurse Ratchet Is Back — Money Cannot Buy You Love — It’s My Turn — Videos
Be it or be it not true that Man is shapen in iniquity and conceived in sin, it is unquestionably true that Government is begotten of aggression, and by aggression.
~Herbert Spencer, 1850
This is the gravest danger that today threatens civilization: State intervention, the absorption of all spontaneous social effort by the State; that is to say, of spontaneous historical action, which in the long-run sustains, nourishes and impels human destinies.
~Jose Ortega y Gasset, 1922
It [the State] has taken on a vast mass of new duties and responsibilities; it has spread out its powers until they penetrate to every act of the citizen, however secret; it has begun to throw around its operations the high dignity and impeccability of a State religion; its agents become a separate and superior caste, with authority to bind and loose, and their thumbs in every pot. But it still remains, as it was in the beginning, the common enemy of all well-disposed, industrious and decent men.
For more than 70 years, with few exceptions, more Americans have identified as Democrats than Republicans. But the share of independents, which surpassed the percentages of either Democrats or Republicans several years ago, continues to increase. Currently, 39% Americans identify as independents, 32% as Democrats and 23% as Republicans. This is the highest percentage of independents in more than 75 years of public opinion polling. Report:A Deep Dive Into Party Affiliation
Note: 1939-1989 yearly averages from the Gallup Organization interactive website. 1990-2014 yearly totals from Pew Research Center aggregate files. Based on the general public. Data unavailable for 1941. Independent data unavailable for 1951-1956.
One Flew Over The Cuckoo’s Nest – Randal back in action scene
i want my cigarettes
The Beatles – Can’t Buy Me Love (Live)
Hillary Clinton Announces Her Bid For President. Again.
This Aug. 24, 2012 photo provided by FDR Four Freedoms Park LLC, shows the New York City memorial park, honoring President Franklin D. Roosevelt, that has been completed 40 years after the original design was created. The Franklin D. Roosevelt Four Freedoms Park on the southern tip of 2-mile-long Roosevelt Island – between Manhattan and Queens – is being dedicated Wednesday, Oct. 17, 2012, in a ceremony to be attended by dignitaries including former President Bill Clinton and Mayor Michael Bloomberg. (AP Photo/FDR Four Freedoms Park LLC, Paul Warchol)
Clinton touts shared prosperity in campaign kick-off speech
Hillary Clinton’s 2016 Candidacy Announcement Expected on Sunday
Malzberg | Raffi Williams discusses Hillary Clinton’s Saturday “Re-Launch” of her Campaign
Hillary Clinton Launches Presidential Campaign In Nyc FULL SPEECH
Hillary the Scandals
Exposed: Hillary Clinton’s Sex Scandals
THE CLINTON CONSPIRACY – MUST WATCH
Google “Bill Clinton rape”
The Alex Jones Show (1st HOUR-VIDEO Commercial Free) Sunday June 14 2015: News
CNN Poll Shows Hillary Clinton “Shine Has Tarnished” And She Is Losing Support Of Independents
FNC: Hillary Clinton’s Favorability Down 11 Among Independents
Jeb LET’S-JUST-LEAVE-LAST-NAMES-OUT-OF-THIS Bush 2016 Presidential Campaign Announcement
Immigration Protesters Disrupt Jeb Bush Campaign Announcement – June 15, 2015
Conservative Heads Explode Over Jeb Bush Immigration Comments
Mark Levin comments on Jeb Bush’s statements about legal and illegal immigration
PJTV: No Jeb Bush and No Third Parties
Glenn Beck – “Jeb Bush is Hillary Clinton LITE”
Immigration by the Numbers — Off the Charts
America’s Immigration History
Top 10 Immigrant Countries
Immigration, World Poverty and Gumballs – Updated 2010
How Many Illegal Aliens Are in the US? – Walsh – 1
How Many Illegal Aliens Are in the United States? Presentation by James H. Walsh, Associate General Counsel of the former INS – part 1.
Census Bureau estimates of the number of illegals in the U.S. are suspect and may represent significant undercounts. The studies presented by these authors show that the numbers of illegal aliens in the U.S. could range from 20 to 38 million.
On October 3, 2007, a press conference and panel discussion was hosted by Californians for Population Stabilization (http://www.CAPSweb.org) and The Social Contract (http://www.TheSocialContract.com) to discuss alternative methodologies for estimating the true numbers of illegal aliens residing in the United States.
This is a presentation of five panelists presenting at the National Press Club, Washington, D.C. on October 3, 2007. The presentations are broken into a series of video segments: