Former President Donald Trump put forth a theory on the voting patterns of Black and Jewish Americans, suggesting that their support for the Democratic Party is habitual, in a recent interview. The remarks were made during a phone interview on "The Root Reaction" on Real America's Voice, hosted by Wayne Allen Root, a figure associated with far-right political commentary.
Trump specifically criticized Jewish Americans who vote for the Democratic Party, questioning their allegiance to Israel in light of the Biden administration's policies. "Any Jewish person that votes for Biden does not love Israel. And frankly, should be spoken to," Trump asserted, as per RadarOnline.
He further claimed, without evidence, that President Joe Biden is aligned with Palestinian interests over Israel's, a stance that he believes should deter Jewish support for the Democratic Party. "How a Jewish person can vote for Biden is — or a Democrat, because they are on the side, 100%, of the Palestinians, and he doesn’t know how to get out of it," Trump stated, expressing incredulity at Jewish support for Democrats.
The former president extended his critique to Black Americans, attributing their Democratic allegiance to habit rather than a conscious political choice. He claimed his administration's achievements, notably in criminal justice reform and funding for Historically Black Colleges and Universities (HBCUs), warranted greater support from the African American community.
"Now, the African American population is — we’re at the highest level anyone’s ever been at as a Republican. It’s still — should be much higher because of what I’ve done," Trump remarked, emphasizing his administration's contributions to issues affecting Black Americans.
These comments have sparked discussions regarding the complexities of political allegiance and the factors influencing voting patterns among minority groups in the United States. Trump's assertions about Jewish and Black Americans' voting habits reflect a broader debate on party loyalty, policy impact, and the role of ethnicity and identity in American electoral politics.
Meanwhile, the value of Donald Trump's media and technology group, known as DJT, has seen a significant decline, dropping approximately 36% since it started trading publicly on March 22, reducing the former president's stake to an estimated $2.8 billion.
As of a recent Monday afternoon, DJT's stock price had fallen to around $36, a sharp decrease from its peak at $66 observed on March 27. This decline has caught the attention of market analysts who caution against premature judgments regarding the stock's performance, noting its status as one of the most actively shorted on the Nasdaq exchange, indicating a prevalent expectation of further declines, The Guardian reported.
The devaluation aligns the company’s worth with its initial valuation at the time of its merger with DWAC, a special-purpose acquisition company (SPAC), earlier in the same month. The merger, which renamed DWAC to DJT, initially triggered a surge in the company's stock value, momentarily inflating Trump's fortune to over $6 billion.
However, the company's financial health, characterized by minimal revenue generation ($4.1 million last year) and no profit, raises concerns about its sustainability.
DJT shares have been purchased by some investors as a gesture of support for Trump’s campaign for a second term in the presidency, despite the former president facing over 80 pending criminal charges related to various allegations including election subversion, unauthorized retention of classified materials, and involvement in hush-money payments.
Additionally, Trump is confronting multimillion-dollar civil penalties related to fraudulent business practices and a rape allegation which a judge has deemed substantially true.
Despite these controversies, Trump has encountered limitations in liquidating his holdings in DJT due to a lockup agreement that mandates a six-month waiting period before he can sell his shares, extending his opportunity to cash out until September.
Legal challenges have further complicated the company's trajectory, with the transaction receiving approval amid an ongoing investigation by the US Securities and Exchange Commission (SEC) into DWAC. Additionally, criminal charges alleging insider trading have been filed against one DWAC executive.
In another twist, Trump faces lawsuits from two former contestants of his reality TV series, "The Apprentice," who claim efforts to dilute their company stakes, prompting Trump to counter-sue.
Despite these hurdles, Trump has expressed optimism about the future success of DJT's Truth Social platform, established as a countermeasure to perceived censorship on mainstream media platforms. In a statement on Truth Social, Trump described the company’s business as “very solid.”
Devin Nunes, the platform's CEO and a former US congressman, mirrored this confidence, highlighting the company's debt-free status and its substantial cash reserves exceeding $200 million as a foundation for future growth and platform enhancements.
Nunes emphasized the company’s ambition to establish Truth Social as a leading free-speech platform for Americans, underlining a commitment to leveraging existing opportunities to achieve this goal.
