The Rest Is Politics: US

Podbit · The Rest Is Politics: US

201. Trump’s A Crypto Billionaire While Americans Are Getting Poorer

Explore episode Jul 2, 2026

Where this was said

$86 Million in Media Settlements: Extortion as Line Item

At 23:40 · chapter starts 18:50

The $86 million figure stops the conversation cold. Scaramucci methodically lists each payer — Meta, Alphabet, CBS, ABC — all of whom settled rather than fight lawsuits Trump filed after they said things he didn't like. The destinations are telling: Trump's library. Swisher's frame is immediate and unambiguous: Godfather 2. 'You got a nice restaurant, Anthony. You don't want anything to happen to it like a firebomb.' She argues that for companies the size of Meta and Google, this is essentially a parking fee — they don't even think twice. But for media organizations, it sets a corrosive precedent. She singles out the 60 Minutes settlement as particularly egregious: CBS did nothing wrong, she says, and paying is a betrayal of the First Amendment principles journalism depends on. Swisher invokes Paul Graham's observation about OpenAI's 5% equity pledge — give 5% so you don't get asked for 10% — as the organizing logic behind all of it. Elon Musk's $250 million into Trump's campaign for $5 billion in contracts is the ur-example. Scaramucci adds that Elon Musk spent $250 million to get roughly $5 billion in government contracts. The whole apparatus runs on the same logic: pay the vig or face the consequences.

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