Let’s hope Steve Bannon’s arrest ends Donald Trump’s presidency with a whimper

Loading player...
Steve Bannon’s arrest on fraud charges is hardly a tragedy in the traditional sense of the word. Sure, the fall of a hero is the hallmark of tragedy, and Bannon considers himself an American hero — a self-perception that comes through very clearly in Errol Morris’s brilliant and edgy interview film with Bannon, American Dharma.

But Bannon’s fall from grace happened a long time ago, when President Donald Trump fired him from his role as chief political strategist in 2017, much less than a year into his presidency. After his arrest, Trump was quick to say that he “hadn’t been dealing with him for a very long period of time”.

So Bannon’s arrest is best understood as a kind of coda. The extraordinary last four years of US history are going to conclude not with a bang, but with a whimper.

Corruption has hounded Trump’s presidency and his associates from the start. Now it seems to be catching up with him. The same day as the Bannon arrest, a federal district court ruled that Trump must turn over his tax returns to the New York district attorney as part of an ongoing investigation. Once Trump is out of office, he could be liable to criminal charges in New York State for business dealings dating back to before his presidency.

The bizarre scheme in connection with which Bannon and several others have been indicted is, symbolically, almost too perfect: an online fundraising effort to raise money for a border wall to be built not by the government of the US, but by a private foundation. The patsies? Trump-sympathetic conservatives.

How could this idea not be a fraud, even if its promoters hadn’t promised to spend 100% of the proceeds on construction while (allegedly) siphoning off proceeds for themselves? Sections of the actual wall are wildly expensive. There was literally no way a private organisation was going to be able to build more than a few feet, even if the money had been intended for that purpose.

Trump himself said on Thursday that he disapproved of the project, which he considered “showboating”. When it comes to showboating, he knows what he’s talking about: the wall — the actual wall — was always an instance of political showboating, with little credible chance of meaningfully reducing illegal border-crossing. The private wall-building scheme was the shadow of a shadow.

The indictment filed by the US ...
22 Aug 2020 1AM English South Africa Business News · News

Other recent episodes

Toyota Motors SA CEO Andrew Kirby

Business Day Senior Motoring correspondent Phuti Mpyane chats to Toyota Motors SA CEO Andrew Kirby about the threats to exports, tax and Chinese vehicles in SA.
24 Oct 2024 9AM 39 min

Ford injects R5bn into production of hybrid-electric bakkies

Business Day editor-in-chief Alexander Parker speaks to Ford Africa president Neale Hill about the company's decision to spend R5.2bn to turn its SA subsidiary into the only global manufacturer of plug-in, hybrid-electric Ranger bakkies.
8 Nov 2023 9AM 13 min

Digital innovation no longer up in the clouds

The Covid-19 pandemic is the ultimate catalyst for digital transformation and will greatly accelerate several trends already well under way before the pandemic. According to research by Vodafone, 71% of firms have made at least one new technology investment in direct response to the pandemic. This shows that businesses are…
13 Sep 2020 4PM 6 min