Trump reverses course and settles three lawsuits against his university
During the campaign, Donald Trump offered this boast about his university, and his supposed principles: Trump University has a 98% approval rating. I could have settled but won’t out of principle! — Donald J. Trump (@realDonaldTrump) February 29, 2016 Contrary to this previous declaration, today he agreed to settle the three lawsuits against Trump University, to […]
Trump University has a 98% approval rating. I could have settled but won’t out of principle!
— Donald J. Trump (@realDonaldTrump) February 29, 2016
Contrary to this previous declaration, today he agreed to settle the three lawsuits against Trump University, to the tune of $25 million. This will compensate over 6,000 victims who claimed to have been defrauded by Trump’s university venture, and includes up to $1 million in penalties to the State of New York for violating state education laws.
Considering Trump’s unsuccessful efforts to delay the November 28 trial date for this matter until after inauguration, the timing and size of this settlement was predictable, and consistent with the president-elect’s reversal of campaign statements that become inconvenient for him.
Though the lawsuits were civil, not criminal cases, a loss by Trump after his inauguration might constitute a “high crime” or “misdemeanor” worthy of impeachment — unlikely in a GOP-controlled Congress, but possible. Not to mention that no president-elect in modern memory has taken office under a cloud of pending lawsuits.
More problematic for Trump, however, was the potential for court-mandated financial disclosures. After refusing to provide his taxes during the campaign, bucking protocol and decades of precedent, he has successfully dodged financial disclosure once again.
The settlement is certainly what New York Attorney General Eric Schneiderman called “a major victory for the over 6,000 victims of his fraudulent university.” But it is also yet another victory for Trump’s campaign of obfuscating his way into the Oval Office.
US economy has added 13 million jobs during President Joe Biden’s first term
No other U.S. president has presided over greater job growth in a single term.By Oliver Willis - June 02, 2023
McCarthy says Biden stopped him from cutting Social Security and Medicare
The House speaker said President Biden 'walled off' potential cuts to the programs during debt ceiling negotiations.By Emily Singer - June 01, 2023
Biden’s tentative debt limit deal is prioritizing the economy over politics
A default by the U.S. government on its debts could affect 6 million jobs and trigger global economic chaos, but President Joe Biden has struck a compromise with House Speaker Kevin McCarthy to prevent that.By Oliver Willis - May 31, 2023