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Hits of the Day
Donald Trump and The Trump Network - A Political Ponzi Scheme?
by William K. Wolfrum 3/31/2011 - 9:15 am
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A couple weeks ago, I wrote a post at Alan Colmes Presents Liberaland where I attempted to strongly point out that Donald Trump's talk of running for Presidency was a ploy and that Trump had no interest in holding any political office, let alone the Presidency.
Nonetheless, the D.C. media is unable to avoid Trump and his increasingly incoherent Birther ramblings. While this unfolds, it becomes increasingly clear that Trump is once again showing off his true skill - hyping and promoting himself.
This morning, while being interviewed by MSNBC's Joe Scarborough, a team of anonymous users attacked Twitter with Tweets about "The Trump Network." A little about The Trump Network from Jonathan Budd:
Everybody, and I do mean everybody, knows the name of Donald Trump. He’s done a lot of amazing things in real estate, and is well-known for his public recovery when he was near bankruptcy. His television program, The Apprentice, keeps him in the public eye – and has made “You’re Fired” a national catchphrase.
And now he’s come out with The Trump Network… a multilevel marketing opportunity for you to market health and wellness products for the usual commissions and downline.
The question on my mind, when I first saw this, was whether Donald has finally just plain lost it. Is this some sort of joke? “The Trump Network MLM Business” just sounds… wrong.
I mean, really, MLM? Donald Trump, the very embodiment of big business, lending his name to a system like this? The entire MLM business is built around a grassroots effort, a small business opportunity, not something you’d expect Donald Trump to get behind.
Mind you, promoting The Trump Network is just one of the benefits Trump is receiving from the media attention being poured upon him by the national media. But, much like The Trump Network itself, Donald Trump's recent foray into politics is smelling a bit like a Ponzi/Pyramid scheme.
Not that I'm accusing Trump of running a giant scam, mind you. I'm just brave enough to ask the question. I think Trump himself can respect that.
Update: A search of "Trump Network" on Google's Blog Search returns 44,900 hits, including countless mentions in the past 24 hours alone. Maybe someone should ask him about this.
Update 2: Here's Trump talking about The Trump Network. A video "welcome" from Trump on the can be found at the Wayback Machine.
--WKW
Crossposted at William K. Wolfrum Chronicles
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In the News
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There Will Be No Saviors for the GOP in 2012
Outstanding article:
Prominent Republicans keep hoping for someone to rescue them from its slate of mediocre candidates. But the party’s biggest problem is the ideological bloodlust of its base.
The bombshell dropped in Saturday’s Playbook, the chattering-class email sent out every morning by the Politico’s Mike Allen. If Mitt Romney fails to win Michigan next Tuesday, a few high-powered Republicans have started saying, the party needs to go back to square one and recruit a new candidate. Yes, maybe it does. But what will that fix? Not much. What the party needs is not simply a new candidate. It needs someone with the courage to stand up and say that the GOP has gone completely off the deep end—and that the party could run an amalgam of Ronald Reagan and Mahatma Gandhi and he wouldn’t win as long as the party’s inflamed base keeps with its current attitudes. But it lacks such a person utterly. It’s a party made up of on the one hand unprincipled cowards, and on the other of people devoted to principles so extreme that they’d have serious trouble attracting more than about 42 percent of the vote.
The report continues with viable and on target points.
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Greek Debt 'Relief' Leaves Greece w/Higher Debt
The 'rescue package' appears to reduce interest rates on some bonds held by hedge funds and banks, while more than making up for that 'relief' with a new EU loan which is more than the purported savings on the previous bonds. This is 'relief'? For Greece or hedge funds and banks?
...The deal in Brussels gives Greece its second financial lifeline in less than two years — a combined package of foreign loans equivalent to about €22,000 ($29,000) for every Greek citizen, children included. National debt already amounts to about €32,000 ($42,300) each....
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Being Strong: Why Russia needs to rebuild its military.
By Vladimir Putin, ForeignPolicy.com, Feb. 21, 2012
[....] It is no surprise that some are calling for resources of global significance to be freed from the exclusive sovereignty of a single nation. This cannot happen to Russia, not even hypothetically [....]
Editor's note: A longer version of this article appeared in the Russian newspaper Rossiiskaya Gazeta.
Read the article at http://www.foreignpolicy.com/articles/2012/02/21/being_strong -
Billionaire Sheldon Adelson Says He Might Give $100M To...
By Steve Bertoni, Forbes Magazine, Feb. 21, 2012
[....] The man whose net worth, by Forbes’ calculations, has jumped more ($21.6 billion) during the Obama administration than any other American — Mark Zuckerberg included — wants to take the president out for economic reasons. “What scares me is the continuation of the socialist-style economy we’ve been experiencing for almost four years. That scares me because the redistribution of wealth is the path to more socialism, and to more of the government controlling people’s lives. What scares me is the lack of accountability that people would prefer to experience, just let the government take care of everything and I’ll go fish or I won’t work, etc.”
“U.S. domestic politics is very important to me because I see that the things that made this country great are now being relegated into duplicating that which is making other countries less great. … I’m afraid of the trend where more and more people have the tendency to want to be given instead of wanting to give. People are less willing to share. There are fewer philanthropists being grown and there are greater expectations of the government. I believe that people will come to their senses and not extend the current Administration’s quest to socialize this country. It won’t be a socialist democracy because it won’t be a democracy.” [....]
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Supreme Court HealthCare Arguments Extended To Six Hours
WASHINGTON -- The Supreme Court has added another 30 minutes to upcoming arguments over President Barack Obama's health care overhaul. The sessions now will span six hours over three days in late March.
The breakdown of the three central topics to be heard are in body of report.
This is a critical decision for all.
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A Trump TV network is a god awful idea. Here's why - in my view, successful TV networks are founded and propelled by behind-the-scenes actors who orchestrate a channel towards success. Fox News isn't carried by Rupert Murdoch and Roger Ailes and Current TV isn't even carried by Al Gore. They're carried by content that sells itself. What on earth is going to be the content of a Trump channel? Infomercials for the Hair Club for Men?
For an example of what I am arguing here is Oprah Winfrey's OWN network. Despite Oprah's massive celebrity and name recognition, the network is struggling deeply. A network provides content and the content attracts advertisers and viewers. Donald Trump's ridiculousness is not a sound business model.
As for Trump's political presence, as a guy who succeeded and experienced challenges in the real estate market, his thoughts on that subject would be a whole lot more interested and relevant than his obsession with Barack Obama's birth certificate. Of course, nationalism and populism seems to sell alot better on economic matters than economics.
Actually it's not a TV network but a multi-level marketing scheme.
Trump has been running a scam for decades.
He is nothing but the ultimate grifter with a strange hair cut!
Hi William....I’m surprised I haven’t heard much recently about TTN. Is anything happening lately? It’s obvious The Donald’s focus now is on running for Prez. I signed up with TTN in summer of 2009 when there was lots of buzz, but it seemed to fizzle. I’m starting to have good results with a supplement called Protandim. Seems to be the next generation & what a video they have. I’m curious…..Is there much growth with TTN? Anything new coming? Conventions? davepike@windstream.net