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Biden Strategy

Let's say the Rs gain control of both the Senate & the House. The first Bill put up is Oil & Gas related What does Biden do...

A. Veto every Bill that comes his way for the next 2 years and rolls the dice on winning (whomever the D nominee is) in 2024?

or

B. Go along with the crowd and "magically" the Inflation comes down a bit, gas prices come down a little....some things get better over the course of the next 2 years....and then he takes "credit" for it since he was the sitting President and makes a closer race out of things in 2024?

For those going to the game

Be sure to get your section amped up during the game. Stand up and wave your arms up to amp up the crowd. And not just on 3rd downs. We gotta be amped on certain 1st and 2nd downs as well.

I'm one of those in the crowd trying to pump up my section and I won't be able to be there this year, so hopefully some of you will be able to make up for some of my noise.

Clapping loud while yelling is the best way to make noise. Never understood why pom poms are used when they make no noise.

We Are!

More to ignore, Book 102...

Criminal trial of the Trump Organization on tax fraud charges set to begin Monday

Charles Jay

There’s been so much focus on whether Donald Trump will be indicted for his role in the Jan. 6 insurrection and for stashing top secret documents at his Mar-a-Lago home that it’s easy to overlook that his namesake organization is set to go on trial Monday in a Manhattan courtroom on charges of tax fraud and other crimes.

Trump and his children were not indicted themselves and don’t face any jail time. But the trial could hurt the Trump family business which owns hotels, golf courses, and commercial and residential buildings around the world.

The New York Times wrote:

The trial in State Supreme Court will present an embarrassing scene for the former president, pushing to the forefront one of several criminal investigations swirling around him.
This case centers on special perks doled out by the former president’s business, the Trump Organization, which comprises a universe of more than 500 corporate entities. Last year, the district attorney’s office accused two of those entities — The Trump Corporation and Trump Payroll Corp. — of awarding off-the-books benefits like rent-free apartments and leased luxury vehicles to a few top executives who failed to pay taxes on the perks.
As jury selection begins on Monday, the district attorney, Alvin L. Bragg, appears to have the upper hand. The Trump Organization’s 75-year-old chief financial officer, Allen H. Weisselberg, recently pleaded guilty to conspiring with the two corporations to carry out the scheme — and agreed to testify at their trial.”
“Having the company’s top financial officer as your star witness is a prosecutor’s dream,” said Daniel J. Horwitz, a former prosecutor in the district attorney’s office who is now a partner at McLaughlin and Stern, where he defends corporations in white collar crime cases.


Last year, prosecutors charged Weisselberg with receiving about $1.76 million in undisclosed compensation over a 15-year period — including rent on his Manhattan apartment, leased luxury cars and private school tuition for his grandchildren — enabling him to evade paying nearly $1 million in taxes. and evaded nearly a million dollars in taxes. Weisselberg and the Trump companies were charged with a scheme to defraud, conspiracy, tax fraud and falsifying business records.

In August, Weisselberg pleaded guilty to all 15 of the charges he faced in the indictment. Under the plea deal, Weisselberg would receive a five-month prison sentence, which could be reduced to three months for good behavior. He also agreed to pay nearly $2 million in taxes and penalties.

In return, Weisselberg is required to testify in the criminal trial of the Trump companies. If he refuses to cooperate or lies in his testimony, prosecutors have said they will revoke the plea agreement which could result in a 15-year prison sentence.
The Washington Post wrote that the please agreement limits the proposed scope of Weisselberg’s testimony.


He is only supposed to testify about his own criminal conduct and may be able to avoid discussing Trump directly.
Through those admissions, prosecutors believe they will prove the criminal liability transfers to Weisselberg’s employer. Prosecutors in the past tried unsuccessfully to get Weisselberg to cooperate against Trump, people with knowledge of the discussions previously told The Post. Those people spoke on the condition of anonymity to discuss an ongoing investigation.

The New York Times reported that lawyers for the Trump companies will argue that Weisselberg “went behind the Trump family’s back to avoid paying taxes on the perks, and was not conspiring with the company.”

“Weisselberg’s acts were done to benefit himself and not done to benefit the company and we expect to show that at trial and be acquitted,” one of the company’s lawyers, Susan R. Necheles. told The Times.

The lawyers might also argue that Weisselberg agreed to testify under duress to avoid a stiff prison sentence.
Trump himself has predictably called the prosecution a ‘witch hunt” by liberal Democrats.
Former federal prosecutor Andrew Weissman tweeted that if Trump’s lawyers go after Weisselberg it could backfire.

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And that’s where things get interesting. The Trump Organization is close-knit with only a handful of people authorized to make decisions. Can Weisselberg avoid implicating Trump, if a prosecutor asks him who authorized the tax evasion scheme and signed the checks for the perks.

If convicted, the Trump Organization could be fined up to $1.6 million — a mere pittance. The Trump Organization’s reputation might take a further hit and lenders might be even warier of providing more money, but that’s already been happening.

But evidence provided during the trial about the inner workings of the Trump organization should be of interest to state and federal prosecutors investigating Trump’s business dealings.

“I imagine the New York Attorney General’s office will be paying close attention to find any overlap between their civil case against Donald Trump,” Barbara McQuade, a professor at the University of Michigan Law School and a former federal prosecutor, told Time. “Evidence used in this trial would be of interest to the [Attorney General’s] office.”

Last month, New York Attorney General Letitia James filed a $250 million civil lawsuit against Trump, his three oldest children, his company and senior management, including Weisselberg over Trump’s alleged practice of manipulating the value of his assets. He is suspected of raising their value to deceive lenders to obtain more favorable loan terms, and lowering their value for tax benefits.

In August, Trump sat for a deposition in James’ office and invoked his Fifth Amendment protection against self-incrimination more than 400 times.

James also said she had sent a criminal referral to federal prosecutors in Manhattan and the Internal Revenue Service that her office believed it had uncovered federal crimes by Trump and others, including bank fraud and lying to financial institutions.

Shortly after taking office as New York County D.A., succeeding Cyrus Vance Jr., Bragg balked at charging Trump in the criminal investigation of how he valued his assets on annual financial statements. Bragg’s decision halted a presentation of evidence to a grand jury and led to the resignation of two senior prosecutors in his office.

Bragg recently said that his criminal investigation of Trump is “active and ongoing,” according to The New York Times.
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Once again, Biden takes credit for a Trump accomplishment.

So Magoo was in Syracuse yesterday touting a new micro chip factory to be built there at a cost of $20 billion with the possibility of a hundred billion of 25 years. He went on to say that Trump failed to get Foxcom and others to build as promised. This is the fifth chip plant announcement in eighteen. Two in Pheonix, one in Austin, one in Columbus, and now this one.

But he ignored the huge reasons that these companies are now building in the US. Trump passed massive tax reform, reducing corporate taxes from 39% to 21% making these types of massive investments possible. He also reduced the taxes on offshore profits allowing several trillion dollars that were stranded over seas to now be utilized here. And perhaps most importantly, he was the loudest voice in pointing out how dangerous it is for us to rely on China for 90% of our critical needs.

Corporations take at least a couple years to make these types of decisions. Financial studies, market studies, product development, supply chain and logistics, site searches, employment and education, and many more. These is little doubt this process started during Trump’s presidency and was spurred on by his reforms.
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