Can America Endure Two More Years of This?

Watching Luca Guadagnino’s Artificial, a movie premiering at the New York Film Festival on October 5 about the rise of Sam Altman and OpenAI, “is like watching a horror movie you happen to be living through”, says an article in Vulture, an entertainment news website and the pop culture vertical of New York Magazine. The same could be said about watching Trump’s presidency. 

As New Yorker Editor David Remnick wrote on October 12, “Because Trump is simultaneously an autocrat and a performance artist, because Americans tend to cling reflexively to the fraying notion of national exceptionalism, it is difficult to reckon with the idea that a President might be not merely shambolic and incompetent but something far darker, even evil.”

  • While Trump is seeking a $1.5 trillion Pentagon authorization, he is setting up a Pentagon slush fund within the Office of Strategic Capital that is expected to be a destination for money generated by profits from the sale of Venezuelan oil, which will presumably be spent unconstrained by Congressional review. A recipe for chaos.

  • Almost a million people have lost a combined nearly $4 billion on the $TRUMP memecoin; financial disclosures show that Trump personally has made more than $600 million from it. He is de facto stealing from mostly his own supporters.

  • In an astonishing case of political reprisal, Trump’s Justice Department is investigating whether the major television networks — ABC, CBS, CNN, NBC and Fox News — violated federal antitrust laws when the group briefly suspended their White House pool coverage. This followed a call by Laura Loomer, the far-right influencer who has often had the ear of Trump, or an antitrust investigation into TV networks for colluding “to refuse to cover President Trump”. “The trend we’re observing is profoundly undemocratic,” commented Jem Bartholomew of the Columbia Journalism Review.
Laura Loomer

  • With international national security threats multiplying, Secretary of Defense Pete Hegseth and President Trump have fired, pushed to retire, or blocked the promotions of more than two dozen senior military leaders in the past 21 months, including high profile generals, admirals, and civilian defense leaders. The latest departure was Army Secretary Dan Driscoll. The New York Times reported “…in a meeting with the president, Mr. Driscoll complained that Mr. Hegseth had fired some of the Army’s most combat-tested leaders, imperiling its efforts to modernize the force, military officials said. He also warned Mr. Trump that the firings and blocked promotions have damaged morale, causing some in the military to question the fairness of a promotion system that is supposed to be apolitical and merit-based, senior officials said.” Other departures have included: the Army’s top uniformed officer, Chief of Staff Gen. Randy George; Navy Secretary John Phelan; Army Gen. Christopher Donahue (the last U.S. soldier to leave Afghanistan); Adm. Lisa Franchetti, the first woman to serve as chief of naval operations and to become a member of the Joint Chiefs of Staff; Air Force Chief of Staff Gen. David Allvin; Air Force Vice Chief of Staff Gen. James Slife; the head of U.S. Southern Command, Navy Adm. Alvin Holsey; NSA director, CYBERCOM commander Gen. Timothy Haug (fired shortly after far-right activist Laura Loomer pressured Trump to fire him).
  • Donald Trump’s Justice Department, which has prioritized investigating people who have investigated Trump, is reaching back in history to consider whether prosecutors mistreated an earlier Republican president: Richard Nixon, more than half a century after that scandal led to Nixon’s resignation, according to the Wall Street Journal. “The department is reviewing whether the special prosecutor’s office that investigated the famed Watergate break-in committed misconduct, according to people familiar with the matter, more than half a century after that scandal led to Nixon’s resignation.

  • Trump officials are withholding updated COVID vaccines from the Vaccines for Children program, delaying access for children in at least 11 states and one U.S. territory, The Guardian reported. More than half of American children receive vaccines through the program.

  • Trump consulted Elon Musk’s Grok chatbot in deciding whether to capture Nicolás Maduro. In December 2025, about a month before the U.S. invaded Venezuela and captured its president,Trump met with Elon Musk and spent hours talking to Musk’s Grok chatbot, including asking how Venezuelans would respond to the capture of their president. Grok characterized Maduro as a “deeply unpopular dictator” and said Venezuelans would celebrate his downfall, prompting Trump to conclude the chatbot was “ingenious.”

  • The Trump administration is using public dollars not appropriated for that purpose to produce and pay for television adsTimes. Trump personally instructed his budget director to use taxpayer money for TV ads , according to The New York Times. The money came from U.S. Customs and Border Protection, an arm of DHS that oversees the Border Patrol and customs and immigration at airports. The Washington Sun reported that on Sept. 19, the White House Office of Management and Budget gave Customs and Border Protection $20 million for “OBBBA commemorative events.” The next day, CBP awarded the advertising company LMD Agency Inc. a contract for $20 million for a “national media campaign.” Lawmakers are pointing to the $20 million apportionment as an unauthorized use of funds, claiming the administration went around Congress to pay for an ad campaign that the law had deemed prohibited.
  • Donald Trump’s Truth Social company is charging investors $100,000 for faster access to his posts announcing government policy, allowing them to trade on information before everyone else gets it, while his company makes money selling this advantage. the practice continues while 53 former federal prosecutors and agents have advised a federal court that the program likely violates federal criminal laws involving securities, conflicts of interest, and public corruption.
  • The U.S. war against Iran has cost the Department of Defense more than $38 billion through Aug. 1, and will continue costing up to $3 billion a month or more depending on the intensity of this now preparing to send a third aircraft carrier strike group, led by the USS Theodore Roosevelt , to the Middle East, adding 9,000–10,000 troops to the more than 50,000 U.S. troops already in the region.

  • According to Forbes, President Trump is an estimated $2.7 billion richer than when he won the 2024 election, having cashed in on crypto ventures and overseas deals. The Washington Post reported growing anger among younger crypto enthusiasts who supported Trump only to watch his family haul in enormous sums from their crypto ventures while several Trump-linked investments plummeted in value.

  • Adding insult to injury, the Washington Sun reports that  GetTrumpMemes.com is promising invitations to ‘an evening at his members-only club, Trump National Washington D.C., with 3 Legends and President Donald J. Trump for the 185 largest holders of the Trump Coin. The top 29 purchasers will be invited to an additional ‘VIP Reception with YOUR FAVORITE PRESIDENT,’ while the 4 biggest will also receive an 18-karat Trump-branded gold watch. “The winners will be chosen based on a formula that seems designed in part to increase sales of $TRUMP in the next two months,” the Sun said, noting that Trump’s meme coin has already earned him $635 million from the venture since it started in 2025, while purchasers of Trump’s crypto products have lost an estimated $4.7 billion combined thus far.

  • President Trump’s Equal Employment Opportunity Commission has opened an investigation into Nike over the company’s racial diversity hiring and promotion strategy. Trump has objected to Nike’s marketing campaigns around social justice.

  • In an unprecedented move, Melania Trump has earned over $18 million since 2024, according to federal financial disclosure reports released in mid-2026. with $10.71 million from an Amazon MGM Studios licensing agreement for her self-titled documentary, Melania. and over $6 million ($6,011,259) from digital assets and collectible sales, which surged significantly from prior years.
  • Over 5 million Americans, or 13% of beneficiaries, have lost SNAP benefits following the implementation of strict federal rules from the Republican’s One Big Beautiful Bill Act.

  • During his second term, Trump’s administration has systematically targeted the National Oceanic and Atmospheric Administration (NOAA) through budget cuts, staff reductions, and the termination of major climate research programs. The agency has lost roughly 20% to 30% of its staff due to firings and early retirements. Only after intense public pressure and bipartisan backlash from lawmakers and scientists did the administration halt a plan to dismantle the $368 million Ocean Observatories Initiative , which would have removed over 900 deep-ocean sensors and high-tech data buoys. Trump has also proposed major cuts to research funding at the National Science Foundation across all its directorates and halting funding for the Arctic Report Card, a longstanding effort to synthesize the latest research about the fastest warming place on Earth. Meanwhile,in another part of NOAA, NOAA Fisheries, the arm of NOAA tasked with overseeing commercial fishing, is facing a budget cut of more than 40% in the fiscal 2027 budget proposal. That would result in cuts to science programs, fisheries management and data collection.
  • In a September 28 interview with Time magazine, Trump was asked, “Would you rule out declaring a state of emergency in the lead up to the midterms unless there’s widespread violence in the streets? Trump: replied, “I don’t rule anything out or in. We’ll see. You mean the Insurrection Act? TIME: Yeah. Trump: No, I’ve never used it. I could use it. A lot of people think I should use it sometimes.”

  • Trump went on to laud his intellectual superiority in the Time interview. “I have the highest of IQs. I have the highest. I’m fine, and I understand that stuff,” he said in a rambling statement. “You know, my uncle was at MIT for 41 years, and you know, I’m a—I believe in genetics, frankly, and I understand. I understand it much more than I think any president would, because I do have an ability on this. I have an ability on those things that were the new frontiers.”

  • In the same Time magazine interview, Trump repeatedly declined to rule out demolition of the John F. Kennedy Center for the Performing Arts. Asked if he would commit to not bringing in wrecking balls to demolish the building, he respond, “I’m not committing to anything. We’re going to see how it plays out in court.”
  • Noncitizens residing in the United States who faced removal proceedings have traditionally been eligible for bond hearings. As independent journalist Anthony Davis has pointed out, So long as an individual could demonstrate that they posed neither a public safety threat nor a flight risk, immigration judges regularly permitted them to remain at home with their families while their legal cases progressed. The Trump administration discarded this standard, reinterpreting the Immigration and Nationality Act to dictate that any migrant who entered the U.S. without authorization must be subjected to mandatory, un-bondable detention until their case resolves. In short, asylum, protected under international law, has been criminalized in America.

  • On September 15, 2026, ICE removed thousands of immigrants with final deportation orders from its public detainee locator, eliminating the ability of lawyers and families to find where many are being held. If lawyers can’t find their clients they can be deported before an attorney or court has a chance to intervene. More than 30 human rights groups asked a UN panel to intervene. The change affects more than 16,000 people.
  • The federal Fiscal Year (FY) 2026 ended October 30. The Committee for a Responsible Federal Budget estimates the FY 2026 Deficit will total $2.0 Trillion, with interest, at over $1 trillion, representing the second largest expenditure in 2026. “The country’s future fiscal outlook is even more dismal,” the Committee says. With annual debt payments of more than $1 trillion a year, it is inevitable that the cost of servicing the US national debt will start to cut deeply into other government programs.

  • Arrests by Immigration and Customs Enforcement this summer soared to record highs since the start of this Trump administration — with 43,000 in June, more than 49,000 in July and nearly 51,000 in August — as officials cut or narrowed the pathways to legal residency in the United States and expanded the pool of people eligible for deportation, according to the new York Times. Federal agents appeared in nearly every corner of daily life, carrying out operations at hospitals and airports, outside suburban schools and along rural construction sites and truck stops. They fanned out from coastal cities in Maine to desert towns in Arizona, across the open plains of Wyoming and down through the southern borderlands.
  • On September 29, the Supreme Court cleared the way for the Trump administration to deport immigrants to third countries where they have no ties, with little or no notice and no meaningful chance to object. In a 6-3 decision, the Court put on hold U.S. District Judge Brian Murphy’s ruling that the policy is unlawful until the justices consider the case, with arguments set for December.  The Trump administration has authorized or pledged at least $410 million to facilitate deportation agreements to send immigrants to third countries with 31 countries, mostly in Africa and Latin America, as of the end of June, the Washington Post reported on September 21, and documents from inside the Office of Remigration (A 1984-ish term if there ever was one) reviewed by The Post show financial commitments that include $81 million in direct payments to 13 of the foreign governments. More than 23,000 people have already been sent from the United States to 26 countries other than their own in 2026, including large numbers of children and adolescents. The Supreme Court’s decision means the current deportation policy can remain in place for months because the court won’t hear oral arguments on the case until December, likely leaving a decision until 2027.

  • The Treasury Department and the IRS have proposed a rule that would revoke tax-exempt status from private schools—everything from elementary schools to universities—that offer “targeted support to Black or other minority students,” including assistance offered to minority students, such as minority student clubs and mentoring programs. 

  • The One Big Beautiful Bill Act helped roughly triple the ICE budget, allocating $45 billion for building new immigration centers and hiring 10,000 new ICE agents. “One dispiriting lesson of the imperial boomerang is that, once. bought and paid for, structures of intimidation and oppression tend to endure,“ said David Wallace-Wells.

  • U.S. Immigration and Customs Enforcement has spread its detention center tentacles across the United States. Most of us know the names of a few Nazi concentration camps, like Dachau,  Auschwitz and Bergen-Belsen, where Anne Frank died. But they were part of a massive complex of more than 850 ghettos, concentration camps, forced-labor camps and extermination camps CNN has identified. They stretched from France and the Netherlands in the west to Estonia, Lithuania and Poland in the east that the Nazis established during the 12 years Adolf Hitler was in power. Their purpose — to  segregate  , oppress and persecute their opponents. Like the ICE detention centers, the Nazi system started small and then metastasized like a cancer, according to the Wiener Holocaust Library. 
  • The Trump administration, defying Congress, has stripped tens of millions of dollars in U.S. military assistance from European and Middle Eastern countries and will give those funds instead to conservative-leaning governments in Latin America, according to The Washington Post. Some of the money was included in a Ukraine supplemental bill specifically for countries affected by the war in Ukraine.

  • The Trump administration has largely halted direct financial and military aid to Ukraine, shifting the main burden of support to Europe, while upending the US approach to the invasion of Ukraine and treating Russia increasingly not as an adversary, but an ally.

Two more years of this?

New York Magazine writer-at-large, Frank Rich, recently shined a light on the people collaborating with Trump. American titans of finance and tech and the law, such as Jeff Bezos, Scott Bessent, and Todd Blanche, have “enabled a kleptocracy that might make Suharto and Marcos look like shoplifters,” Rich wrote. “What’s curious is that they seem so nonchalant about it all, as if no reckoning were coming,” said Ryu Spaeth, features editor at New York Magazine “As Frank shows in this brilliant and forceful essay, history suggests otherwise.”

When, or if, all this is over, will all of its co-conspirators and enablers, who now seem to eagerly embrace the law of the jungle, seek the shield of the rule of law? Don’t be surprised.

Not to Worry About Trump’s Greed. It’s Personal.

A multi-million-dollar payoff to President Trump from 220 investors in his cryptocurrency is taking place tonight at the Trump National Golf Club in northern Virginia.

The dinner is being held after an auction of the president’s cryptocurrency, a $TRUMP memecoin, that brought in $147,586,796.41. The event is being promoted as the “most EXCLUSIVE INVITATION in the world,” according to an email about the event.

The top 25 crypto buyers will get an “ultra-exclusive private VIP reception” and “Special VIP Tour” with the president. Bloomberg looked at the buyers and concluded that 19 of the top 25 were individuals from outside the United States, many likely making the purchases to gain access to the Trump administration. Early on the promotion promised “a Special V.I.P. White House tour” for the top 25 coin holders. That reference to the White House visit was subsequently deleted, but the visit by 25 donors still went ahead on Friday, May 23.

Heather Cox Richardson has reported that  many of the top purchasers “dumped their $TRUMP coins as soon as they made the cut for the dinner.” The coin was launched around January 17, 2025. Its value skyrocketed to an all-time high of $74.27 on January 19, 2025. However, within two days, the price dropped by more than 50% to $31.61. The latest $TRUMP price on May 23 was $13.19.

Incredibly, President Trump has refused to identify the attendees.

“On the president’s dinner tonight, will the White House commit to making the list of the attendees public so people can see who’s paying for that kind of access to the president?” a reporter asked White House press secretary Karoline Leavitt at a White House press briefing on Thursday. 

“…the president is attending it in his personal time, it is not a White House dinner, it is not taking place here at the White House,” Leavitt responded.

“In his personal time”? Give me a break.

The President of the United State is president 24/7/365. He cannot go “off the clock” when he wants to avoid scrutiny. He cannot raise money from secretive donors “on his own time”. 

Leavitt also rejected any suggestion that Trump was acting inappropriately by hosting the dinner or subsequent events. “It’s absurd for anyone to insinuate that this president is profiting off of the presidency,” she said. 

But the fact is a business entity tied to the Trumps sits on a pile of the $TRUMP cryptocurrency and collects fees every time the coins change hands. So far, the coin has generated at least $320 million in fees, which the Trumps share with their business partners. 

In one of the most brazen excuses for Trump’s behavior, Speaker of the House, Mike Johnson, explained his lack of concern about mounting allegations of corruption inside the White House with, “President Trump does everything out in the open. He’s not trying to hide anything. He’s putting it out there so everybody can evaluate for themselves.” 

Multiple media have challenged characterizations of Trump’s purity. 

“…no modern American president has positioned his family to make so much money while in the White House,” Bloomberg reported yesterday, May 21. “Already, since the early days of his reelection campaign, he’s more than doubled his net worth to about $5.4 billion. In that time, the Trump name has powered more than $10 billion of real estate projects, a multibillion-dollar valuation for his money-losing social-media company, more than $500 million in sales from just one of his crypto ventures and millions of dollars more from stakes in companies that offer financial services, guns and drone parts.” 

Where’s the outrage?

Shemia Fagan and Oregon’s Political Rot

Political parties “…are likely in the course of time and things, to become potent engines, by which cunning, ambitious, and unprincipled men will be enabled to subvert the power of the people and to usurp for themselves the reins of government…” said George Washington. 

Washington may have preferred that the United States go forward with no parties, but since we’ve got them, the next best thing is to prevent one-party rule that strangles wise and fearless public policy and emboldens the perpetual winners.

That’s where Oregon has failed over a long time and all at once.

The Shemia Fagan scandal is just the latest illustration of rot in the body politic.

Secretary of State Fagan wouldn’t have signed up for a $10,000 a month consulting contract with Aaron Mitchell and Rosa Cazarest, owners of the La Mota chain of cannabis dispensaries, if she hadn’t thought she could get away with it.  The cannabis entrepreneurs are, after all, high-profile Democratic donors.

Before the Fagan scandal erupted, the Democratic recipients of La Mota funds happily accepted them. Willamette Week’s Sophie Peel did some spade work, revealing La Mota contributions to the following Democrats:

Gov. Tina Kotek – $68,365

Secretary of State Shemia Fagan – $45,000

Senate President Rob Wagner (D-Lake Oswego) – $12,500

Senate Democratic Leadership Fund – $10,000

State Treasurer Tobias Read – $1,800

Rep. Andrea Valderrama (D-Portland) – $500

Labor Commissioner Christina Stephenson – $7,500

Multnomah County Chair Jessica Vega Pederson – $1,000

Rep. Dacia Grayber (D-Tigard) – $1,000

Rep. Hoa Nguyen (D-Portland) – $500

Rep. Annessa Hartman (D-Gladstone) – $500

Multnomah County District Attorney Mike Schmidt – $2,000

U.S. Rep. Earl Blumenauer – $3,500

Prior to the Fagan scandal, none of the Democrats who were recipients of La Mota money were  apparently bothered by the fact the company was failing to pay its bills and taxes, according to an investigation by Willamette Week. Only after the Fagan scandal erupted did Democrats decide campaign contributions from La Mota were dirty money and scrambled to show their purity by pledging to donate those contributions to other worthy charitable causes.

Oregon’s Democratic Party also wouldn’t be so cavalier about all the campaign contributions it took from disgraced executives at FTX, the now bankrupt crypto company if they didn’t think they could get off scot free.

In their unbridled pursuit of power, Tina Kotek and the Democratic Party of Oregon chose to keep company with Nishad Singh, the 27-year-old wunderkind director of engineering at FTX. They welcomed his $500,000 contribution to the party’s campaign coffers in 2022. 

But the wheels of justice have turned since Singh made the contribution. On Feb. 28, 2023, he pleaded guilty to six criminal counts, including conspiring to commit securities and commodities fraud, during a hearing in federal court in Manhattan. 

He also pleaded guilty to defrauding the U.S. in a campaign-finance scheme in which he made illegal donations to political-action committees and candidates using funds from disgraced cyypto manager Sam Bankman-Fried’s crypto hedge fund Alameda Research.

John Ray III, the new boss of the bankrupt crypto exchange FTX, wants the $500,000 back, but the Democratic Party of Oregon has so far refused. 

Fagan’s behavior is also reminiscent of the sudden downfall of Jennifer Williamson, a former House majority leader and a leading contender to be Oregon’s next secretary of state in 2020. Williamson suddenly dropped out of the race, attributing her action to a forthcoming story in Willamette Week about questionable expenditures of campaign funds when she served in the House.  

Then there was Democrat Governor John Kitzhaber, who resigned in February 2015  amid a growing influence-peddling scandal involving him and his fiancee, Cylvia Hayes, becoming the state’s first governor to resign in disgrace.

 

Gov. Kitzhaber and Cilvia Hayes

Kitzhaber ‘s resignation came in the face of a state criminal investigation and a string of demands from top state officials to step down.

There have also been questionable actions by other Democratic leaders. 

At one extreme, there was Neil Goldschmidt, a former governor, former Secretary of Transportation under President Jimmy Carter and ex-mayor of Portland. Goldschmidt, while Portland’s mayor during the mid-1970s, had sex on many occasions with a 14-year-old girl. Goldschmidt tried to define his actions as “an affair”. 

He started having sex with the girl when he was 35 and married. She was a babysitter for his young children and the daughter of a neighbor who worked in his office. 

A key element tying all these scandals together is the long Democratic rule in Oregon. It has led too many in the party to act with impunity, just as Richard J. Daily and the Democratic political machine ran Chicago with bare-knuckle politics for 21 years as dozens of politicians fed on the city’s political corruption.

Oregon hasn’t elected a Republican governor since 1982, when Gov. Vic Atiyeh won re-election.  Republican s have also failed to achieve majorities in the Senate and House for ages.

Oregon has been ill-served by the concentration of political power in Democrat’s hands for so long that the party has an overpowering stench to it. As former U.S. Senator Pat Toomey (R-PA) put it, “Unchecked power pushes parties to excess regardless of which party is in power.”

In Oregon, it’s been the Democrats for far too long.

Crypto Corruption: A Campaign Finance Cover-Up in Oregon

Like the notorious Anna Delvey, who came out of nowhere to seduce gullible New Yorkers, Carrick Flynn emerged from the ether in February 2022 to announce he was running in the Democratic primary for Oregon’s new Congressional District 6 seat. 

In the following months it came out that his biggest financial backer was a political action committee, Protect Our Future PAC, funded largely by a crypto billionaire, Sam Bankman-Fried, a 30-year-old American “Master of the Universe” who lives in the Bahamas. 

Then, late in the race, the Justice Unites Us PAC, which said it was all about mobilizing Asian voters, pumped $846,000 in independent expenditures Flynn’s campaign, a white guy if there ever was one. Justice Unites Us identified itself online as “A project of the Family Friendly Action Fund, a section 50©4) social welfare organization.”

“AAPI people are literally under attack,” says the PAC’s website. “We need to build political power and ensure our voices are heard in the political process.”

Who was behind the Justice Unites Us PAC? Oregon voters didn’t know. 

Like pop-up stores that show up during the Christmas holidays, the PAC only popped up on March 22, 2022 (FEC Committee ID #: C00810606). In its report to the FEC for the first quarter of 2022, the PAC reported raising and spending zero dollars. After the end of the quarter, it disclosed it had disbursed $846,581.14 on April 5, 2022 for “canvassing” in support of Flynn.

On April 15, 2022, the PAC filed paperwork with the Federal Election Commission so it could delay filing its next report and identifying its donors, until after the May 17 primary:

Flynn lost the race, but only now do we learn that every single penny of  the money Justice United donated to Flynn’s campaign came from a donation Sam Bankman-Fried’s Protect Our Future PAC  made to Justice United.

Why Bankman-Fried felt this subterfuge was necessary is unclear, since he was already publicly identified as the man behind Protect Our Future. Whatever his reasons, it allowed his money to hide behind campaign finance reporting rules and prevented Oregonians from full knowledge of Flynn’s backers.

Supposedly, Flynn’s campaign was unaware of the subterfuge, just as supposedly, Protect Our Future didn’t coordinate with Flynn’s campaign in producing a barrage of radio, television and digital ads, lawn signs, direct mail, and get-out-the-vote phone calls.

Voters deserve better. 

Carrick Flynn: Oregon’s Crypto Candidate

Top executives at FTX, a major digital currency trading platform, are financing a high-priced communications war on behalf of Carrick Flynn, who hopes to outrun a primary field of Democrats seeking election to Oregon’s new Congressional District 6 seat. The primary will be held on May 17, 2022.

Carrick Flynn
Source: Northwest Observer

If Flynn wins the primary he will owe his win lock, stock, and barrel to wealthy crypto supporters.

Is this how we want our political campaigns to be financed? Do Oregonians really want candidates to be captured by special interests, particularly so early in the political process? And in this case, are we OK with the capturers being major players in the controversial and risky business of cryptocurrencies? 

If you’ve paid attention to the plethora of television campaign ads already running in the Democratic primary race, you’ve noticed that the ones by the other candidates note at the end “paid for by” the candidates campaign committee. In Carrick Flynn’s case, most have said “Paid for by Protect Our Future PAC”.

The major backer of the PAC is FTX founder and CEO Sam Bankman-Fried, a 30-year-old American “Master of the Universe” billionaire who lives in the Bahamas.

FTX is incorporated in Antigua and Barbuda and headquartered in the Bahamas. The company officially opened its doors for trading in May of 2019. It enables trades of a variety of digital assets, such as Bitcoin, Ethereum, Solana and Dogecoin. 

Sam Bankman-Fried
(Source: New York Magazine)

Super PACs cannot legally coordinate with candidates, but many candidates find creative ways to work in concert with them that stretch the legal boundaries.

According to data filed with the Federal Election Commission (FEC), as of April 11, 2022, Protect Our Future had made independent expenditures in support of Flynn totaling $4,932,464.73 in 2022. The expenditures have been devoted to a wide range of activities, including radio, television and digital ad production and time purchases, lawn signs, direct mail, and get-out-the-vote phone calls.

On April 12, 2022, OPB reported that a political action committee affiliated with national Democrats, the House Majority PAC, had also purchased roughly $1 million of ads to help Flynn. The PAC’s television ads are already appearing.

Six of the nine Democrats seeking to win the primary put out a statement denouncing the move. “We strongly condemn House Majority PAC’s unprecedented and inappropriate decision…” the joint statement said. “We call on House Majority PAC to actually stand by our party’s values and let the voters of Oregon decide who their Democratic nominee will be.”

Interestingly, some of the money Flynn received from the House Majority PAC could be considered as a pass-through from Bankman-Fried. According to OpenSecrets,a research and government transparency group tracking money in politics and its effect on elections and policy, Bankman-Fried has also made substantial donations to the House Majority PAC.

It’s not hard to decipher Flynn’s potential appeal. He’s a climber with a hard luck story about his youth and a touch-all-the-bases career of prestige academic success at Yale Law School and international social justice-oriented work.* But to really pop in Oregon’s political world, he needed money, and FTX has given him a jump start.

“…the company’s executives are quietly emerging as crypto kingmakers in the nation’s capital as they spend millions to launch super PACs, bankroll congressional campaigns and recruit former government officials with an inside track on looming crypto regulations,” Politico observed in February. In other words, the “Our” in Protect Our Future most likely means the crypto industry.

Down the road, FTX may also have other interests that could bring into play a need for political support. The Generalist, a tech-focused weekly online publication, has speculated that the company may try to grow its footprint in sports betting, banking and social media.   In this regard, Bankman-Fried has openly talked about his desire to build out a fully-fledged financial giant, a kind of monetary super-app handling payments, custody, and of course, investing across asset classes. 

If Flynn wins the primary** and the election, will he be indebted to FTX’s interests as much as to Oregon’s. It’s damn hard not to think otherwise. 

________________

*Flynn’s efforts to position himself as a true Oregonian resemble Nicholas Kristoff’s efforts to do the same in his failed quest to become Oregon’s governor.  Flynn, 35, was born in Oregon, grew up here and graduated from the University of Oregon in 2008, but he has spent a substantial part of his adult life elsewhere, much of that overseas: 

·      2009: Legal Clerk, The Carter Center, Monrovia, Liberia

·      2010: Legal Consultant, The Asia Foundation, Dili, Timor-Leste

·      2011: Volunteer, Volunteer, Progressio UK, Dili, Timor-Leste

·      2011-2012: Program Associate / Legal Consultant, The Asia Foundation, Dili,    Timor-Leste

·      2013-14: Bernstein Human Rights Fellow, New Delhi Area, India

·      2014: Bernstein Human Rights Fellow, Petaling Jaya, Malaysia

·      2015: Lecturer, Jimma University, Jimma, Ethiopia

·      2015-2018: Assistant Director, Center for the Governance of AI (GovAI), Oxford, England, United Kingdom

·      2018-2022: Research Faculty, Georgetown University, Washington, D.C.