Trump's Suspicious $21 million windfall late in the 2016 election season...

Fantine

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Republicans love to go back to the 2016 election--so let them explain away this one.

Tax records expose more than $21 million in highly unusual payments from the Las Vegas hotel Donald Trump owns with Phil Ruffin, routed through other Trump companies and paid out in cash...
His “self-funded” presidential campaign was short on funds. And in early 2016, Deutsche Bank, the last big lender still doing business with him, unexpectedly turned down his request for a loan. Some bankers feared the money would be diverted to his campaign.
The tax records do not specify whether the more than $21 million in payments from the Trump-Ruffin hotel helped prop up Mr. Trump’s campaign, his businesses or both. But they do show how the cash flowed, in a chain of transactions, to several Trump-controlled companies and then directly to Mr. Trump himself. The bulk of the money went through a company called Trump Las Vegas Sales and Marketing that had little previous income, no clear business purpose and no employees. The Trump-Ruffin joint venture wrote it all off as a business expense. Trump’s Taxes Show He Engineered a Sudden Windfall in 2016

Disgusted yet? Read the rest of the article.

And here's the payoff! Trump approved a bullet train to get people from LA to the Vegas strip in 30 minutes.

And after the inauguration, Mr. Ruffin would ask for a favor. Would the president help revive a dormant project of great importance to a lot of powerful people in Las Vegas — a bullet train that would whisk gamblers from Southern California to The Strip in less than 30 minutes? his past March, a panel composed largely of Trump appointees gave the train company permission to sell $1 billion in tax-free bonds to private investors. Authorities in California and Nevada fell in line, approving additional bonds. Trains could begin running as soon as 2024.

Can you think of places that need a bullet train more? NY to Boston? NY to DC? Dallas to Houston? San Diego to San Francisco?

I have ridden a bullet train from Seoul to Busan, and it was a delight from start to finish. It was also sensibly situated with Korea's two largest cities at either end. But a ride through the desert for gamblers? What a waste of money.

AG Barr, arrest him immediately!
 

essentialsaltes

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It's also funny that, in at least its current version, the 'Southern California' end of the bullet train is Victorville. I mean, no insult to the fine people of Victorville, but I can't see the attraction in driving halfway to Vegas from LA just to get on a train for the second half of the trip.
 
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hislegacy

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Tax records expose more than $21 million in highly unusual payments from the Las Vegas hotel Donald Trump owns with Phil Ruffin, routed through other Trump companies and paid out in cash...

WAIT! They have his tax records! Wow, now they can stop asking for them.
 
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dqhall

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Republicans love to go back to the 2016 election--so let them explain away this one.



Disgusted yet? Read the rest of the article.

And here's the payoff! Trump approved a bullet train to get people from LA to the Vegas strip in 30 minutes.



Can you think of places that need a bullet train more? NY to Boston? NY to DC? Dallas to Houston? San Diego to San Francisco?

I have ridden a bullet train from Seoul to Busan, and it was a delight from start to finish. It was also sensibly situated with Korea's two largest cities at either end. But a ride through the desert for gamblers? What a waste of money.

AG Barr, arrest him immediately![/
Republicans love to go back to the 2016 election--so let them explain away this one.



Disgusted yet? Read the rest of the article.

And here's the payoff! Trump approved a bullet train to get people from LA to the Vegas strip in 30 minutes.



Can you think of places that need a bullet train more? NY to Boston? NY to DC? Dallas to Houston? San Diego to San Francisco?

I have ridden a bullet train from Seoul to Busan, and it was a delight from start to finish. It was also sensibly situated with Korea's two largest cities at either end. But a ride through the desert for gamblers? What a waste of money.

AG Barr, arrest him immediately!
Steve Wynn was the RNC finance chairman in 2016. He owns two casino resorts in Vegas. He might be a direct beneficiary of this Federal spending boondoggle.
 
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ArmenianJohn

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It's also funny that, in at least its current version, the 'Southern California' end of the bullet train is Victorville. I mean, no insult to the fine people of Victorville, but I can't see the attraction in driving halfway to Vegas from LA just to get on a train for the second half of the trip.
I do the drive every year at least once - i take I-15 from Las Vegas to Los Angeles. The drive from Vegas to Victorville is the easy and scenic/enjoyable part - open highway through the desert, few exits, typically little traffic (other than peak times of Friday night from LA to Vegas or Sunday night from Vegas to LA).

At Victorville you are close to the Los Angeles outskirts and Victorville itself (and the surrounding areas like Apple Valley) are rather populated, and traffic starts. It should be 3/4 of the trip but it's more like halfway because from that point on you hit increasingly more traffic and eventually slow to a crawl as soon as you get through El Cajon pass into the Rancho Cucamonga and Ontario/San Dimas area.

So you are spot on. It is weird.
 
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Fantine

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Armenian John said, "It is weird!"

Unless the payments were for actual business expenses, he said, claiming a tax deduction for them would be illegal. If they were not legitimate and were also used to fund Mr. Trump’s presidential run, they could be considered illegal campaign contributions...And after the inauguration, Mr. Ruffin would ask for a favor. Would the president help revive a dormant project of great importance to a lot of powerful people in Las Vegas — a bullet train that would whisk gamblers from Southern California to the Strip in less than 90 minutes?
 
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Hans Blaster

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I do the drive every year at least once - i take I-15 from Las Vegas to Los Angeles. The drive from Vegas to Victorville is the easy and scenic/enjoyable part - open highway through the desert, few exits, typically little traffic (other than peak times of Friday night from LA to Vegas or Sunday night from Vegas to LA).

At Victorville you are close to the Los Angeles outskirts and Victorville itself (and the surrounding areas like Apple Valley) are rather populated, and traffic starts. It should be 3/4 of the trip but it's more like halfway because from that point on you hit increasingly more traffic and eventually slow to a crawl as soon as you get through El Cajon pass into the Rancho Cucamonga and Ontario/San Dimas area.

So you are spot on. It is weird.

There is definitely some weirdness here. I think there were 2 or 3 iterations of this and it wasn't clear to me when I read about each new one if it was related to a previous version or not. Part of that weirdness is that the project made more sense as a public project connected to the publicly funded Cal. High Speed Rail project, but it was a private project and they thought they could make a profit even with private infrastructure finance.

From what I can remember (and all of this is memory, I haven't checked anything):

At least one version of this was a "party train" with drinks and dining and gaming available. I think the idea was to start drinking and gambling earlier and have a couple hours of decompression after leaving LV before driving home (and a shorter drive at that). As someone who hates long distance driving, I totally get this model.

I think the target speed was from max 79 mph to max 110 mph depending on the plan and the rail upgrade investment. This would be roughly the same time as driving to a bit faster.

The Victorville endpoint is close (20, 30, 40 miles?) from a reasonable connection to the planned CHSR project. I think that connection point wasn't as convenient to all of the LA metro. (I did consult the online road map, and I think the CHSR is supposed to pass through Palmdale/Lancaster en route to downtown LA. Victorville is much closer San Bernadino and Riverside and people from those areas would probably drive to Victorville anyway if there was a direct connection to downtown LA.)
 
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Hans Blaster

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WAIT! They have his tax records! Wow, now they can stop asking for them.

The NY Times has them. They claim to have not shared them with anyone and don't publish the actual documents, but rather analysis from them. We don't know where the NYT got them, but they claim the transmission was legal.

I'm fairly certain the NY County DA didn't transmit them to the NY Times, otherwise, as you say, they would stop suing for them. (Technically, it's Trump who is suing to block the subpeona from the DA.)
 
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iluvatar5150

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I think the target speed was from max 79 mph to max 110 mph depending on the plan and the rail upgrade investment. This would be roughly the same time as driving to a bit faster.

Wow, that's pretty slow. The local Amtrak on the Northeast Corridor routinely goes faster than that despite having to stop every 15 miles.
 
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essentialsaltes

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Wow, that's pretty slow. The local Amtrak on the Northeast Corridor routinely goes faster than that despite having to stop every 15 miles.

We'll see what actually gets built, but the plan is for 200mph max, 120mph average. Just a smidgen faster than I drive that section.

Relevant to Hans' comment about a link to the CHSR:

The Los Angeles County Metropolitan Transportation Authority is also considering re-programming around $2 billion in Measure M funding slated for the High Desert Corridor, a proposed freeway between Victorville and Palmdale cancelled in October 2019, to instead build an extension of the XpressWest route between the two cities.
 
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Fantine

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With Trump's support, they were able to get tax free bonds, and the states of California and Nevada both contributed to the project.

I imagine they could use eminent domain to take property if they needed to...but it seems like they will just be speeding through the desert.

Sounds like a pretty good investment for someone who gave $21 million to Trump and asked for "a favor."

No more favors in 2021--we're booting his buddy out!
 
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HTacianas

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Republicans love to go back to the 2016 election--so let them explain away this one.



Disgusted yet? Read the rest of the article.

And here's the payoff! Trump approved a bullet train to get people from LA to the Vegas strip in 30 minutes.



Can you think of places that need a bullet train more? NY to Boston? NY to DC? Dallas to Houston? San Diego to San Francisco?

I have ridden a bullet train from Seoul to Busan, and it was a delight from start to finish. It was also sensibly situated with Korea's two largest cities at either end. But a ride through the desert for gamblers? What a waste of money.

AG Barr, arrest him immediately!

AG Barr, arrest him immediately!

For what?
 
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Fantine

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How is he guilty? Let me count the ways!

But it's easiest to start with the ten counts of obstruction Mueller identified (did you know the courts have ordered his report to be issued unredacted by November 3?)

Then we could progress to the criminal charges being investigated by the Manhattan District Attorney Cyrus Vance, Jr.

Then we could add the "sure thing" criminal charge for paying off Stormy Daniels and Karen McDougal for their silence three weeks before an election.

Those are the primary ones he could be on the ropes for on January 21, 2021, but just pick up any newspaper any day of the week to find more.
 
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Kenny'sID

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Republicans love to go back to the 2016 election--so let them explain away this one.

Disgusted yet? Read the rest of the article.

And here's the payoff! Trump approved a bullet train to get people from LA to the Vegas strip in 30 minutes.



Can you think of places that need a bullet train more? NY to Boston? NY to DC? Dallas to Houston? San Diego to San Francisco?

I have ridden a bullet train from Seoul to Busan, and it was a delight from start to finish. It was also sensibly situated with Korea's two largest cities at either end. But a ride through the desert for gamblers? What a waste of money.

AG Barr, arrest him immediately!

Did he do anything illegal? If so, seems to me they'd be all over him.
 
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Hans Blaster

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We'll see what actually gets built, but the plan is for 200mph max, 120mph average. Just a smidgen faster than I drive that section.

I went back and looked at the NYT article and this is a $6B version with higher speeds and the need to influence the presidential administration to allocate HSR funds to it.
 
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Hans Blaster

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Wow, that's pretty slow. The local Amtrak on the Northeast Corridor routinely goes faster than that despite having to stop every 15 miles.

The max speed on the Acela is 150 mph, but the average speed from NYC to BOS is only 66 mph (stops and slow sections) and from NYC to DC only 80 mph. The "150-mph" sections are fairly short. Those are the fastest scheduled times with the fewest stops.

For the Victorville-LV trains, the proposals I've read were always 0 or 1 stop only so it's not as hard to maintain an average near the maximum speed. (The Acela is misleading not because of the stops, but because very little of the trackage is near the top speed.)

Most mainline freight trackage is "Class IV" (max speed 79 passenger, 59 freight) with slower restrictions for curves. The railroads don't have much incentive to go to faster classes as most of the freight they carry isn't that time sensitive that more speed would be worth the higher maintenance costs.

If it's all Class IV and clear, I'm sure they could average 60 mph, perhaps a little higher. There are two caveats though: 1. signaling and 2. track capacity.

1. When I last was paying close attention to US rail (and passenger expansion) 10 years ago they were starting to mandate PTC (positive train control). While I'm not sure exactly what this does I do recall that it prevents trains from operating above the speed limits for any segment of track (including curve and maintenance restrictions) and entering an occupied segment. I think by now the regulators require PTC for passenger trains or a reduction in speed. If there is no PTC it would need to be deployed.

2. Much of the US freight mainline (especially in the west) is single tracked. Only one track shared by trains going both directions with sidings for parking trains to wait. To run efficient passenger operations where the passenger train has some hope of sticking to schedule, which would be needed here, more and longer sidings would likely be needed. In some of the proposals I've read, they replace a parking siding with 5-10 miles of double track so that trains can move in both directions at the same time when they meet.

For a 79 or 110 mph max service the work would involve:

1. stations at each end
2. increasing double tracking and lengthening sidings
3. signaling (if not present)
4. track repair (rails, sleepers, bed, bridges)

and potentially for Class VI speeds (110 mph)

5. tighter sealing of rail corridor to cross traffic (grade separated crossings, fencing, better crossing gates)

From the proposals I've read of this and other corridors many years ago, this could be done for a few hundred million to about a billion dollars including all of these things plus the train sets. (The diesel engines Amtrak uses outside the NE corridor are capable of operating at 110 mph.)

As noted in other posts, this proposal was for much faster service that would have cost much more to deploy. It would have needed a fully sealed corridor (possibly outside the existing freight RR right-of-way) and electrification.
 
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