By Larry Kudlow
Donald Trump’s wildly successful Trump Media stock offering is first and foremost a vote of confidence by his supporters all around the country.
At a time when Mr. Trump is under attack from the weaponized lawfare and election interference campaign waged against him by Joe Biden all the way down through various corrupt left-wing prosecutors, Mr. Trump stands tall today atop this remarkable stock-market success. As the price of Trump Media has soared, his wealth has jumped to over $6 billion, making him one of the wealthiest people in the world.
It gives him a big war chest to fight the slings and arrows of all these left-wing prosecutors going after him. This includes, of course, the New York story, where at least the appeals court now slashed his bond requirement by roughly 65% to $175 million.
Lord knows what more these local legal juveniles are going to try to do to Trump financially, but he’s got a big cushion now. He may have to wait six months to cash in on his stock, or perhaps the company will provide him with a waiver should he need the money sooner, but the point is — right now, he’s in much better financial shape than he was perhaps a week or two ago.
There’s more to it than even that. Truth Social, Mr. Trump‘s company’s social-media platform, will be sponsoring an ever-growing, free-speech, conservative community. Breitbart’s economics editor John Carney has written brilliantly about this.
He notes that the Trump platform will offer a bastion of free speech, tapping into a vein of societal discontent and extending beyond the current election cycle. John Carney calls it balkanization, where the liberals have their media outlets, but conservatives really do not in terms of social media. Now they will.
For what it’s worth, I’m going to sign up myself and the Truth Social platform will, of course, be a key spot for Mr. Trump’s issues in the presidential campaign.
Full op-ed over at Fox Business:
LARRY KUDLOW: Trump stands tall today https://t.co/V1NE5kv7O7
— FOX Business (@FoxBusiness) March 27, 2024
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