Discussing single payer medical insurance this afternoon on the 5:00PM show
This is sufficiently absurd that we should really focus on the accomplishments and failures of this chap and disregard his insanity. It feeds his ego, the endless watching and listening to insane ranting. Once and for all see the list and move on.
By DAVID LEONHARDT and STUART A. THOMPSON JUNE 23, 2017
Many Americans have become accustomed to President Trump’s lies. But as regular as they have become, the country should not allow itself to become numb to them. So we have catalogued nearly every outright lie he has told publicly since taking the oath of office.
JAN. 21 “I wasn’t a fan of Iraq. I didn’t want to go into Iraq.” (He was for an invasion before he was against it.)JAN. 21 “A reporter for Time magazine — and I have been on their cover 14 or 15 times. I think we have the all-time record in the history of Time magazine.” (Trump was on the cover 11 times and Nixon appeared 55 times.)JAN. 23 “Between 3 million and 5 million illegal votes caused me to lose the popular vote.” (There’s no evidence of illegal voting.)JAN. 25 “Now, the audience was the biggest ever. But this crowd was massive. Look how far back it goes. This crowd was massive.” (Official aerial photos show Obama’s 2009 inauguration was much more heavily attended.)JAN. 25 “Take a look at the Pew reports (which show voter fraud.)” (The report never mentioned voter fraud.)JAN. 25 “You had millions of people that now aren’t insured anymore.” (The real number is less than 1 million, according to the Urban Institute.)JAN. 25 “So, look, when President Obama was there two weeks ago making a speech, very nice speech. Two people were shot and killed during his speech. You can’t have that.” (There were no gun homicide victims in Chicago that day.)JAN. 26 “We’ve taken in tens of thousands of people. We know nothing about them. They can say they vet them. They didn’t vet them. They have no papers. How can you vet somebody when you don’t know anything about them and you have no papers? How do you vet them? You can’t.” (Vetting lasts up to two years.)JAN. 26 “I cut off hundreds of millions of dollars off one particular plane, hundreds of millions of dollars in a short period of time. It wasn’t like I spent, like, weeks, hours, less than hours, and many, many hundreds of millions of dollars. And the plane’s going to be better.” (Most of the cuts were already planned.)JAN. 28 “The coverage about me in the @nytimes and the @washingtonpost has been so false and angry that the Times actually apologized to its dwindling subscribers and readers.” (It never apologized.)JAN. 29 “The Cuban-Americans, I got 84 percent of that vote.” (There is no support for this.)JAN. 30 “Only 109 people out of 325,000 were detained and held for questioning. Big problems at airports were caused by Delta computer outage.” (At least 746 people were detained and processed, and the Delta outage happened two days later.)FEB. 3 “Professional anarchists, thugs and paid protesters are proving the point of the millions of people who voted to MAKE AMERICA GREAT AGAIN!” (There is no evidence of paid protesters.)FEB. 4 “After being forced to apologize for its bad and inaccurate coverage of me after winning the election, the FAKE NEWS @nytimes is still lost!” (It never apologized.)FEB. 5 “We had 109 people out of hundreds of thousands of travelers and all we did was vet those people very, very carefully.” (About 60,000 people were affected.)FEB. 6 “I have already saved more than $700 million when I got involved in the negotiation on the F-35.” (Much of the price drop was projected before Trump took office.)FEB. 6 “It’s gotten to a point where it is not even being reported. And in many cases, the very, very dishonest press doesn’t want to report it.” (Terrorism has been reported on, often in detail.)FEB. 6 “The failing @nytimes was forced to apologize to its subscribers for the poor reporting it did on my election win. Now they are worse!” (It didn’t apologize.)FEB. 6 “And the previous administration allowed it to happen because we shouldn’t have been in Iraq, but we shouldn’t have gotten out the way we got out. It created a vacuum, ISIS was formed.” (The group’s origins date to 2004.)FEB. 7 “And yet the murder rate in our country is the highest it’s been in 47 years, right? Did you know that? Forty-seven years.” (It was higher in the 1980s and ’90s.)FEB. 7 “I saved more than $600 million. I got involved in negotiation on a fighter jet, the F-35.” (The Defense Department projected this price drop before Trump took office.)FEB. 9 “Chris Cuomo, in his interview with Sen. Blumenthal, never asked him about his long-term lie about his brave ‘service’ in Vietnam. FAKE NEWS!” (It was part of Cuomo’s first question.)FEB. 9 Sen. Richard Blumenthal “now misrepresents what Judge Gorsuch told him?” (The Gorsuch comments were later corroborated.)FEB. 10 “I don’t know about it. I haven’t seen it. What report is that?” (Trump knew about Flynn’s actions for weeks.)FEB. 12 “Just leaving Florida. Big crowds of enthusiastic supporters lining the road that the FAKE NEWS media refuses to mention. Very dishonest!” (The media did cover it.)FEB. 16 “We got 306 because people came out and voted like they’ve never seen before so that’s the way it goes. I guess it was the biggest Electoral College win since Ronald Reagan.” (George H.W. Bush, Bill Clinton and Barack Obama all won bigger margins in the Electoral College.)FEB. 16 “That’s the other thing that was wrong with the travel ban. You had Delta with a massive problem with their computer system at the airports.” (Delta’s problems happened two days later.)FEB. 16 “Walmart announced it will create 10,000 jobs in the United States just this year because of our various plans and initiatives.” (The jobs are a result of its investment plans announced in October 2016.)FEB. 16 “When WikiLeaks, which I had nothing to do with, comes out and happens to give, they’re not giving classified information.” (Not always. They have released classified information in the past.)FEB. 16 “We had a very smooth rollout of the travel ban. But we had a bad court. Got a bad decision.” (The rollout was chaotic.)FEB. 16 “They’re giving stuff — what was said at an office about Hillary cheating on the debates. Which, by the way, nobody mentions. Nobody mentions that Hillary received the questions to the debates.” (It was widely covered.)FEB. 18 “And there was no way to vet those people. There was no documentation. There was no nothing.” (Refugees receive multiple background checks, taking up to two years.)FEB. 18 “You look at what’s happening in Germany, you look at what’s happening last night in Sweden. Sweden, who would believe this?” (Trump implied there was a terror attack in Sweden, but there was no such attack.)FEB. 24 “By the way, you folks are in here — this place is packed, there are lines that go back six blocks.” (There was no evidence of long lines.)FEB. 24 “ICE came and endorsed me.” (Only its union did.)FEB. 24 “Obamacare covers very few people — and remember, deduct from the number all of the people that had great health care that they loved that was taken away from them — it was taken away from them.” (Obamacare increased coverage by a net of about 20 million.)FEB. 27 “Since Obamacare went into effect, nearly half of the insurers are stopped and have stopped from participating in the Obamacare exchanges.” (Many fewer pulled out.)FEB. 27 “On one plane, on a small order of one plane, I saved $725 million. And I would say I devoted about, if I added it up, all those calls, probably about an hour. So I think that might be my highest and best use.” (Much of the price cut was already projected.)FEB. 28 “And now, based on our very strong and frank discussions, they are beginning to do just that.” (NATO countries agreed to meet defense spending requirements in 2014.)FEB. 28 “The E.P.A.’s regulators were putting people out of jobs by the hundreds of thousands.” (There’s no evidence that the Waters of the United States rule caused severe job losses.)FEB. 28 “We have begun to drain the swamp of government corruption by imposing a five-year ban on lobbying by executive branch officials.” (They can’t lobby their former agency but can still become lobbyists.)MARCH 3 “It is so pathetic that the Dems have still not approved my full Cabinet.” (Paperwork for the last two candidates was still not submitted to the Senate.)MARCH 4 “Terrible! Just found out that Obama had my ‘wires tapped’ in Trump Tower just before the victory. Nothing found. This is McCarthyism!” (There’s no evidence of a wiretap.)MARCH 4 “How low has President Obama gone to tap my phones during the very sacred election process. This is Nixon/Watergate. Bad (or sick) guy!” (There’s no evidence of a wiretap.)MARCH 7 “122 vicious prisoners, released by the Obama Administration from Gitmo, have returned to the battlefield. Just another terrible decision!” (113 of them were released by President George W. Bush.)MARCH 13 “I saved a lot of money on those jets, didn’t I? Did I do a good job? More than $725 million on them.” (Much of the cost cuts were planned before Trump.)MARCH 13 “First of all, it covers very few people.” (About 20 million people gained insurance under Obamacare.)MARCH 15 “On the airplanes, I saved $725 million. Probably took me a half an hour if you added up all of the times.” (Much of the cost cuts were planned before Trump.)MARCH 17 “I was in Tennessee — I was just telling the folks — and half of the state has no insurance company, and the other half is going to lose the insurance company.” (There’s at least one insurer in every Tennessee county.)MARCH 20 “With just one negotiation on one set of airplanes, I saved the taxpayers of our country over $700 million.” (Much of the cost cuts were planned before Trump.)MARCH 21 “To save taxpayer dollars, I’ve already begun negotiating better contracts for the federal government — saving over $700 million on just one set of airplanes of which there are many sets.” (Much of the cost cuts were planned before Trump.)MARCH 22 “I make the statement, everyone goes crazy. The next day they have a massive riot, and death, and problems.” (Riots in Sweden broke out two days later and there were no deaths.)MARCH 22 “NATO, obsolete, because it doesn’t cover terrorism. They fixed that.” (It has fought terrorism since the 1980s.)MARCH 22 “Well, now, if you take a look at the votes, when I say that, I mean mostly they register wrong — in other words, for the votes, they register incorrectly and/or illegally. And they then vote. You have tremendous numbers of people.” (There’s no evidence of widespread voter fraud.)MARCH 29 “Remember when the failing @nytimes apologized to its subscribers, right after the election, because their coverage was so wrong. Now worse!” (It didn’t apologize.)MARCH 31 “We have a lot of plants going up now in Michigan that were never going to be there if I — if I didn’t win this election, those plants would never even think about going back. They were gone.” (These investments were already planned.)APRIL 2 “And I was totally opposed to the war in the Middle East which I think finally has been proven, people tried very hard to say I wasn’t but you’ve seen that it is now improving.” (He was for an invasion before he was against it.)APRIL 2 “Now, my last tweet — you know, the one that you are talking about, perhaps — was the one about being, in quotes, wiretapped, meaning surveilled. Guess what, it is turning out to be true.” (There is still no evidence.)APRIL 5 “You have many states coming up where they’re going to have no insurance company. O.K.? It’s already happened in Tennessee. It’s happening in Kentucky. Tennessee only has half coverage. Half the state is gone. They left.” (Every marketplace region in Tennessee had at least one insurer.)APRIL 6 “If you look at the kind of cost-cutting we’ve been able to achieve with the military and at the same time ordering vast amounts of equipment — saved hundreds of millions of dollars on airplanes, and really billions, because if you take that out over a period of years it’s many billions of dollars — I think we’ve had a tremendous success.” (Much of the price cuts were already projected.)APRIL 11 “I like Steve, but you have to remember he was not involved in my campaign until very late. I had already beaten all the senators and all the governors, and I didn’t know Steve.” (He knew Steve Bannon since 2011.)APRIL 12 “You can’t do it faster, because they’re obstructing. They’re obstructionists. So I have people — hundreds of people that we’re trying to get through. I mean you have — you see the backlog. We can’t get them through.” (At this point, he had not nominated anyone for hundreds of positions.)APRIL 12 “The New York Times said the word wiretapped in the headline of the first edition. Then they took it out of there fast when they realized.” (There were separate headlines for print and web, but neither were altered.)APRIL 12 “The secretary general and I had a productive discussion about what more NATO can do in the fight against terrorism. I complained about that a long time ago and they made a change, and now they do fight terrorism.” (NATO has been engaged in counterterrorism efforts since the 1980s.)APRIL 12 “Mosul was supposed to last for a week and now they’ve been fighting it for many months and so many more people died.” (The campaign was expected to take months.)APRIL 16 “Someone should look into who paid for the small organized rallies yesterday. The election is over!” (There’s no evidence of paid protesters.)APRIL 18 “The fake media goes, ‘Donald Trump changed his stance on China.’ I haven’t changed my stance.” (He did.)APRIL 21 “On 90 planes I saved $725 million. It’s actually a little bit more than that, but it’s $725 million.” (Much of the price cuts were already projected.)APRIL 21 “When WikiLeaks came out … never heard of WikiLeaks, never heard of it.” (He criticized it as early as 2010.)APRIL 27 “I want to help our miners while the Democrats are blocking their healthcare.” (The bill to extend health benefits for certain coal miners was introduced by a Democrat and was co-sponsored by mostly Democrats.)APRIL 28 “The trade deficit with Mexico is close to $70 billion, even with Canada it’s $17 billion trade deficit with Canada.” (The U.S. had an $8.1 billion trade surplus, not deficit, with Canada in 2016.)APRIL 28 “She’s running against someone who’s going to raise your taxes to the sky, destroy your health care, and he’s for open borders — lots of crime.” (Those are not Jon Ossoff’s positions.)APRIL 28 “The F-35 fighter jet program — it was way over budget. I’ve saved $725 million plus, just by getting involved in the negotiation.” (Much of the price cuts were planned before Trump.)APRIL 29 “They’re incompetent, dishonest people who after an election had to apologize because they covered it, us, me, but all of us, they covered it so badly that they felt they were forced to apologize because their predictions were so bad.” (The Times did not apologize.)APRIL 29 “As you know, I’ve been a big critic of China, and I’ve been talking about currency manipulation for a long time. But I have to tell you that during the election, number one, they stopped.” (China stopped years ago.)APRIL 29 “I’ve already saved more than $725 million on a simple order of F-35 planes. I got involved in the negotiation.” (Much of the price cuts were planned before Trump.)APRIL 29 “We’re also getting NATO countries to finally step up and contribute their fair share. They’ve begun to increase their contributions by billions of dollars, but we are not going to be satisfied until everyone pays what they owe.” (The deal was struck in 2014.)APRIL 29 “When they talk about currency manipulation, and I did say I would call China, if they were, a currency manipulator, early in my tenure. And then I get there. Number one, they — as soon as I got elected, they stopped.” (China stopped in 2014.)APRIL 29 “I was negotiating to reduce the price of the big fighter jet contract, the F-35, which was totally out of control. I will save billions and billions and billions of dollars.” (Most of the cuts were planned before Trump.)APRIL 29 “I think our side’s been proven very strongly. And everybody’s talking about it.” (There’s still no evidence Trump’s phones were tapped.)MAY 1 “Well, we are protecting pre-existing conditions. And it’ll be every good — bit as good on pre-existing conditions as Obamacare.” (The bill weakens protections for people with pre-existing conditions.)MAY 1 “The F-35 fighter jet — I saved — I got involved in the negotiation. It’s 2,500 jets. I negotiated for 90 planes, lot 10. I got $725 million off the price.” (Much of the price cuts were planned before Trump.)MAY 1 “First of all, since I started running, they haven’t increased their — you know, they have not manipulated their currency. I think that was out of respect to me and the campaign.” (China stopped years ago.)MAY 2 “I love buying those planes at a reduced price. I have been really — I have cut billions — I have to tell you this, and they can check, right, Martha? I have cut billions and billions of dollars off plane contracts sitting here.” (Much of the cost cuts were planned before Trump.)MAY 4 “Number two, they’re actually not a currency [manipulator]. You know, since I’ve been talking about currency manipulation with respect to them and other countries, they stopped.” (China stopped years ago.)MAY 4 “We’re the highest-taxed nation in the world.” (We’re not.)MAY 4 “Nobody cares about my tax return except for the reporters.” (Polls show most Americans do care.)MAY 8 “You know we’ve gotten billions of dollars more in NATO than we’re getting. All because of me.” (The deal was struck in 2014.)MAY 8 “But when I did his show, which by the way was very highly rated. It was high — highest rating. The highest rating he’s ever had.” (Colbert’s “Late Show” debut had nearly two million more viewers.)MAY 8 “Director Clapper reiterated what everybody, including the fake media already knows — there is ‘no evidence’ of collusion w/ Russia and Trump.” (Clapper only said he wasn’t aware of an investigation.)MAY 12 “Again, the story that there was collusion between the Russians & Trump campaign was fabricated by Dems as an excuse for losing the election.” (The F.B.I. was investigating before the election.)MAY 12 “When James Clapper himself, and virtually everyone else with knowledge of the witch hunt, says there is no collusion, when does it end?” (Clapper said he wouldn’t have been told of an investigation into collusion.)MAY 13 “I’m cutting the price of airplanes with Lockheed.” (The cost cuts were planned before he became president.)MAY 26 “Just arrived in Italy for the G7. Trip has been very successful. We made and saved the USA many billions of dollars and millions of jobs.” (He’s referencing an arms deal that’s not enacted and other apparent deals that weren’t announced on the trip.)JUNE 1 “China will be allowed to build hundreds of additional coal plants. So, we can’t build the plants, but they can, according to this agreement. India will be allowed to double its coal production by 2020.” (The agreement doesn’t allow or disallow building coal plants.)JUNE 1 “I’ve just returned from a trip overseas where we concluded nearly $350 billion of military and economic development for the United States, creating hundreds of thousands of jobs.” (Trump’s figures are inflated and premature.)JUNE 4 “At least 7 dead and 48 wounded in terror attack and Mayor of London says there is ‘no reason to be alarmed!’” (The mayor was specifically talking about the enlarged police presence on the streets.)JUNE 5 “The Justice Dept. should have stayed with the original Travel Ban, not the watered down, politically correct version they submitted to S.C.” (Trump signed this version of the travel ban, not the Justice Department.)JUNE 21 “They all say it’s ‘nonbinding.’ Like hell it’s nonbinding.” (The Paris climate agreement is nonbinding — and Trump said so in his speech announcing the withdrawal.)JUNE 21 “Right now, we are one of the highest-taxed nations in the world.” (We’re not.)
President Trump’s political rise was built on a lie (about Barack Obama’s birthplace). His lack of truthfulness has also become central to the Russia investigation, with James Comey, the former director of the F.B.I., testifying under oath about Trump’s “lies, plain and simple.”
There is simply no precedent for an American president to spend so much time telling untruths. Every president has shaded the truth or told occasional whoppers. No other president — of either party — has behaved as Trump is behaving. He is trying to create an atmosphere in which reality is irrelevant.
We have set a conservative standard here, leaving out many dubious statements (like the claim that his travel ban is “similar” to Obama administration policy). Some people may still take issue with this standard, arguing that the president wasn’t speaking literally. But we believe his long pattern of using untruths to serve his purposes, as a businessman and politician, means that his statements are not simply careless errors.
We are using the word “lie” deliberately. Not every falsehood is deliberate on Trump’s part. But it would be the height of naïveté to imagine he is merely making honest mistakes. He is lying.
Trump Told Public Lies or Falsehoods
Every Day for His First 40 Days
The list above uses the conservative standard of demonstrably false statements. By that standard, Trump told a public lie on at least 20 of his first 40 days as president. But based on a broader standard — one that includes his many misleading statements (like exaggerating military spending in the Middle East) — Trump achieved something remarkable: He said something untrue, in public, every day for the first 40 days of his presidency. The streak didn’t end until March 1.
Since then, he has said something untrue on at least 74 of 113 days. On days without an untrue statement, he is often absent from Twitter, vacationing at Mar-a-Lago in Florida, or busy golfing.
The end of May was another period of relative public veracity — or at least public quiet — for the president. He seems to have been otherwise occupied, dealing with internal discussions about the Russia investigation and then embarking on a trip through the Middle East and Europe.
Trump’s Public Lies Sometimes
Changed With Repetition
Sometimes, Trump can’t even keep his untruths straight. After he reversed a campaign pledge and declined to label China a currency manipulator, he kept changing his description of when China had stopped the bad behavior. Initially, he said it stopped once he took office. He then changed the turning point to the election, then to since he started talking about it, and then to some uncertain point in the distant past.
The Public’s Mistrust of Trump Grows
Trump has retained the support of most of his voters as well as the Republican leadership in Congress. But he has still paid some price for his lies. Nearly 60 percent of Americans say the president is not honest, polls show, up from about 53 percent when he took office.
IT ONLY GETS BETTER
PRODUCED BY GEKKO
June 21, 2017 (New York, NY) New York underground rap artist MAR$ is ready to explode with his new mixtape, It Only Gets Better, produced by GEKKO. The twelve-track mixtape’s sound and lyrics tap into pain, ambition, and Mar$ true life experiences. The mixtape also features the artists Domingo and Meech, and builds on the sound MAR$ began to cultivate in his first mixtape The Calm Before the Storm.
Born and bred on Longfellow Avenue in the Bronx, to Honduran parents who had experienced a long string of hardships and devastating loss. When MAR$ was born, he was the embodiment of hope: the Golden Boy. MAR$’s world revolved around music from the start. He grew up listening to 50 Cent’s “21 Questions” on repeat to drown out the noise of street as he went to sleep, and his childhood memories are punctuated by violence and poverty. These experiences have created the path for his expression and his music today. His parents always stressed education and hard work. MAR$ used this advise and translated it into his craft, putting countless hours into his music in order to fulfill his own hopes and dreams for the future. MAR$’s unquenchable authenticity and passion comes through in his music, telling his story.
Producer Chris Edelman a.k.a GEKKO gets his name from the 1980’s fictional icon Gordon Gekko. A musical prodigy, he played four instruments growing up in New York City. He started out with classical, later going through an intense fascination with prog rock before finding his passion for beat making. This culminated in his collaboration with MAR$ to create It Only Gets Better. His deep genre-crossing knowledge of music shines through in his innovative beats.
MAR$ and GEKKO met at SweetSounds Studio and instantly connected on a creative level. As they began to work together, they found that their different life experiences and areas of expertise collided into a fusion of influences and creative synergies like nothing else on the market. The mixtape brings together two worlds, two traditions, to make a fresh sound that only gets better with every listen.
Cover art by Nick Valerio
+1212 734 0041 C. +1917 806 6978
A short while ago we sent in our daily email a short mention of Tommy Lanigan-Schmidt and an art work of his. I thought this New York Times article entitled “Stonewall Inn Project to Preserve Stories Behind a Gay Rights Monument” which came out today and pictures Tommy might be of interest to you.
The little park outside the Stonewall Inn in Manhattan, the site of a major turning point in the gay rights movement nearly 50 years ago, became a permanent beacon last year when it was named a national historic monument.
But those who remember the night Stonewall patrons defiantly clashed with the police have dwindled over the years. Their stories risk going untold.
On Sunday, Senator Chuck Schumer of New York announced a $1 million grant from Google.org, the internet giant’s philanthropic wing, to The Lesbian, Gay, Bisexual & Transgender Community Center, to start a project preserving the oral histories and human experiences of the people who stood up and fought back during those tense days in 1969. The initiative is in conjunction with the National Park Foundation, which will create an educational curriculum for students and a digital platform intended to magnify the reach of the monument beyond the small triangle of parkland in the West Village.
“The purpose is to spread the word about the Stonewall uprising and the progress we have made as well as the distance we have to go,” Mr. Schumer said. “And it sends a great message to Washington, especially in these times: We celebrate our diversity and cherish it, we don’t shrink from it and we don’t fear it.”
On the night of June 28, 1969, Martin Boyce was at the Stonewall Inn on the gay haven of Christopher Street. Mr. Boyce and other patrons fought back when police arrived for one of their near-nightly stops at the bar, lining up customers and arresting several for what seemed like arbitrary reasons.
“The only place we had to go was Christopher Street,” said Mr. Boyce, now 69 and a chef living in the Yorkville neighborhood of Manhattan. “Christopher Street was the one place you didn’t have to look behind you, it was all your people. Here was the one spot we had — now raided and ruined.” When the police told a group to disperse, he remembers, that night they advanced instead. “People who didn’t even want to do this, they just wanted to be free,” he said.
The idea for the project came from William Floyd, Google’s head of external affairs for New York, who lives with his husband in Chelsea and walks past the Stonewall Inn when he takes his young son to school. Unlike some other national monuments, Stonewall commemorates a struggle that continues to evolve, he said.
“This is a living, breathing, active thing,” he said. “It’s not like Mount Rushmore or a physical natural thing of beauty, it’s civil rights. We thought it was really important that we could provide money and technology to capture those voices and help amplify them.”
One of the voices will probably come from Thomas Lanigan-Schmidt. As a teenager in the ’60s, he had run away from home in Linden, N.J. Stonewall was a refuge, he said, explaining how he ended up as one of the self-described “street kids” who joined the fray that night.
“It happened spontaneously, and it happened mostly because of the civil rights movement in the ’60s that broke ground before it, and the women’s movement,” said Mr. Lanigan-Schmidt, now 69 and an artist. “They created a mentality that’s about freedom and being a full person. When we were in the street that night, that exchange of ideas had built up to that point. Everyone became a fighter pretty quick.”
The Stonewall project will join a group of similar initiatives by Google to preserve oral history. In conjunction with the Equal Justice Initiative, a group working to end mass incarceration, Google has funded a project that documents stories of lynching through the descendants of those who were murdered.
Though the $1 million donation is significant, the West Village’s gay center still needs to raise money to pay for components of a monument like an informational kiosk in the park. The goal is $2 million, which the Park Foundation is raising. Mr. Floyd said Google’s donation would cover things like the oral history component, a social media platform for visitors to share their stories, and educational aspects, which Google is best suited to support.
“My hope is that we transform the scale and the reach of the Stonewall National Monument from a physical location to really a shared experience,” said Glennda Testone, the executive director of the Lesbian, Gay, Bisexual & Transgender Community Center. “What we want to do is make sure that that inspiration and that touchstone is available to everybody, wherever they may live in the world.”
Oil painting by the American abstract expressionist Fritz Bultman (1919-1985), titled Cape May II, one of five paintings by Bultman in the auction ($23,750).
CRANSTON, RI.- Abstract expressionist paintings by American artist Fritz Bultman (1919-1985) dominated the list of top lots at Bruneau & Co. Auctioneers’ Summer Antiques & Fine Art Auction held June 3rd, online and in the firm’s Cranston gallery. The sale consisted of over 400 lots of original artwork, vintage lamps, American and European bronze sculptures and art glass.
There were five works by Bultman up for bid, all part of a larger collection owned by Ruth Latta of Provincetown, Mass. The sale’s two top lots were both large collages of painted papers by Bultman, one titled Cape May II ($23,750) and the other Insectual ($22,500). A third work, an untitled oil on canvas by Bultman, acquired from the artist directly and done in 1960, hit $8,750.
That the Bultman paintings did so well came as no real surprise. As a painter, sculptor and collagist, and a member of the esteemed New York School of artists, Fritz Bultman is an artist whose creations are highly sought after by collectors. He was born in New Orleans and honed his craft in New York City, where he became one of the era’s pre-eminent abstract expressionists.
“June 3rd was definitely the day for Fritz Bultman,” said Travis Landry, Bruneau & Co.’s specialist and auctioneer. “His collages reached prices previously unattainable. He’s certainly an artist to keep an eye on for the future market, having been a student of Hans Hofmann (German-American, 1880-1966). This was absolutely a case of the apple not falling far from the tree.”
About 120 people attended the auction in person, while another 2,593 people registered to bid online, across all platforms: LiveAuctioneers.com, Invaluable.com, eBay and Auctionzip.com, the Bruneau & Co. Auctioneers’ app available on GooglePlay and the Apple Store, as well as at bidlive.bruneauandco.com. In addition, 109 phone bids and 89 absentee bids were also recorded.
Overall, the auction grossed a little more than $222,000, including the buyer’s premium. “Prices were strong on the quality, high-end items,” said Kevin Bruneau, Bruneau & Co.’s president and auctioneer.” He added, “Prices were also fair throughout the middle of the road.” Following are additional highlights from the auction. All prices quoted include the 25 percent buyer’s premium.
A Ludwig Vierthaler (German, 1875-1967) for Winhart & Co. (Munich, Germany) Art Nouveau hand-wrought copper vase gaveled for $5,938. It was one of two Ludwig Vierthaler vases in the sale and was decorated with a gorgeous and naturalistic repousse cicada with inset opal. The wings of the cicada beautifully enveloped the 7 ¼ inch tall vase with hammered dimple accents.
An Impressionist oil on canvas painting titled Gloucester, Mass., done by Herbert Cyrus Farnum (R.I., 1866-1925), a member of the Providence Art Club, sailed past its $1,000-$2,000 estimate to fetch $3,125. The artist-signed work depicted a dirt road running alongside a coastline with cottages, and a man leaning against a fence. Several boats were shown at sea in the background.
An ink, pencil and watercolor by Vermont illustrator-realist George Timothy Tobin (1864-1956), used as cover art for the January 1907 issue of Harper’s Bazaar, finished at $4,000. It was one of six works in the sale by Tobin from the artist’s private collection, given directly to his niece It depicted the profile of a Greek goddess holding a large gilt skeleton key and a seated man on the bow of the key.
A bronze sculpture of a standing female nude titled Star, attributed to Harriet Whitney Frishmuth (Conn./N.Y., 1880-1980), signed and dated 1918, hammered for $4,375. The 19 ¾ inch sculpture (with base) depicted a female nude with arched back and arms outstretched toward the sky. The piece was not numbered, but it did bear the Gorham foundry mark and a form number (“Q505”).
A fine scrimshaw model of a Schooner sailboat by Chester Gotauco (Dartmouth, Mass.), 30 ½ inches long and 30 inches tall, masterfully crafted with intricate detail, knocked down for $3,438. The boat possessed numerous superb intricacies, including adjustable masts, cannons, interior components of the vessel and a life boat strung on the stern. It exhibited only very minor wear.
An Art Nouveau figural bowl by the French-Russian-American artist known as “Erte” (real name, Romain de Tirtoff, 1892-1990), titled Ocean II, coasted to $2.250. The bowl was an abstracted sailing vessel with a front figurehead of a nude woman. The interior of the bowl was signed “Erte”. It was dated (“1987”), numbered (292 of 300), and had the Conker foundry mark.
A pair of European Grand Tour Greco-Roman bronze bookends of athletes, each one overall about 11 inches tall including the sienna marble plinth base, went to a determined bidder for $1,875. The athletes were depicted in contrapposto, with heads bowed and hands on abdomens.
Not sold in the auction was a folk art automaton of a steamboat side wheeler made by prospector William “Billy” Briggs of Bristol, Rhode Island upon his return from the Klondike Gold Rush in Canada and completed around 1905. The vessel, titled the Klondike, is 7 inches tall by 21 inches long. It was masterfully constructed with intricate detail and had an estimate of $25,000-$35,000.
“Just goes to show how markets have changed in the last decade,” Mr. Landry said. “Ten years ago a fierce bidding war would have broken out for this wonderful piece of American history, but not today. I have no doubt it will command a nice high price sometime in the future – just not this sale. Fortunately, just about everything else in all categories met or exceeded expectations.”
Bruneau & Co. Auctioneers’ next big sale will be on Saturday, July 22nd, also online and in the Cranston gallery. Featured items will include around 25 pieces of fine jewelry and watches, to include a collection of Patek Philippes, Rolexes and a 5-carat diamond ring. Also sold will be a 1986 Mustang SVO muscle car, a 1948 Chevrolet stake body truck and a 2002 Mercedes E320.
Former cutthroat financier Asher Edelman, known for corporate activism and leveraged buyouts in the 1970s and 1980s, has in recent years become celebrated for his impact on the art world. He has founded two influential art companies: ArtAssure, an art finance firm, and Artemus, an art leasing enterprise. Edelman will forever be known as one of the main muses of Oliver Stone’s classic character Gordon Gekko, from the 1987 hit Wall Street, but again made news last year due to his vocal support of Democratic primary candidate Bernie Sanders. Curious about his diverse undertakings, we gave Edelman a call.
Let me start with your life. You’ve been described by some as an enigma: part Gordon Gekko, Wall Street titan, part shrewd art investor, and part political activist. But how would you describe yourself?
Kind of a quiet guy, who doesn’t feel like everybody needs to know him. I have a family. I’m athletic. I’m a sailor. I’m a skier. And I work very hard, around 12 hours a day, most days. The romance, perhaps, is in people’s minds because they like to make things up.
How has Michael Douglas’ Gordon Gekko character, which according to most people was partly based on you, affected your life after the movie’s release?
Gordon Gekko is very straightforward. Oliver came to my office wanting to learn how things went on in an aggressive takeover trading office. Within a couple hours I had to throw him out as he was annoying me, as he usually did. Michael Douglas called me – he was also a friend. I let him spend a couple days here. [I showed him] what more of an art collector-slash-active person in the business would be doing. If you talk to Oliver, you’ll find out that the Gordon Gekko character is a composite of many characters, like Oliver himself, including Carl Icahn, for example. The art side of it was what he was trying to see with me. But, again, there were aspects of Michael’s acting that I imagine came from his watching me on the telephone. My typical way of saying “I don’t think that works, I do think that works.”
It hasn’t affected my life at all. I thought it was silly. Carl thought it was funny. Ivan [Boesky], of course, went to jail. It hasn’t affected my life. It was, in a minor way, boring. But now that I’m 77 years old, it’s very spirited for these kids in the business and not in the business. Now that movie means, to them, something good. That’s how sick the world is. Whereas for us it meant something sick – not very attractive.
You made a lot of money on leveraged buyouts. How has that acquisition tool changed since you helped pioneer it in the 1980s?
I was known for developing a whole bunch of derivatives in the ‘70s when Harry Markowitz worked for me. I was one of the first people doing corporate activism.
I think it’s like pictures and auctions – people want to seem heroic. I think in those days we actually studied and tried to find things under their value, and change them, or liquidate parts of them. I think that today, it’s all about “My name is XYZ, and I’m going to buy it and make money.” I don’t think they know what they’re buying, half the time. In those days, it was a lot more difficult to deal with banks and investors – they didn’t know what you were doing. And, of course, it was your money. That’s all changed a lot. It’s a different world now.
“YOUR NAME MIGHT BE DANNY LOEB, BUT THAT DOESN’T AUTOMATICALLY MAKE YOU RICHER”
How about valuation nowadays?
At least when I did it – you got your value from balance sheets. From the actual value of buildings, terms of a rent roll, value of a subsidiary, value of a patent. I think, now, it is much more about algorithms. So, the stock is going up or down. My formula makes that work. It’s gobbledygook, in my view. And you see at a firm like Sotheby’s. I looked at [the company] very carefully when it was $8 [per share], with a very important partner. We didn’t buy it. But looking at Sotheby’s at $40-$50 – it’s a downhill company. You can fix it, probably. I have some ideas. But it’s a downhill company.
Your name might be Danny Loeb, but that doesn’t automatically make you richer. You have to study. We’re looking at a large beachfront property in Europe now. Everybody says the value is great, but you have to put in $400 million before you can possibly realize the value. And that takes time and study.
Are investors today less patient?
I don’t know because it’s not my business anymore. We used to give quarterly reports. We never gave weekly or daily reports. But we never had a losing quarter, so they were okay.
Let’s move to the present-day art market, which some critics and analysts are calling top-heavy, with most of the high-value transactions focused on a relatively small number “trophy works” from better-known artists or narrow genres. Would you agree with them?
Listen, the art market itself – if you look at it as a whole – hasn’t gone up at all the last 3-4 years. Maybe even down a touch. Some artists are in demand because people buy them and museums have them, and you can be very important if you have one of their works. But this is not a real market. And this hasn’t been a real market. For quite a while, it’s been a market which, at the top, has been going up. It’s a market in which maybe 100 people are truly involved. Maybe of that 100 people, 20 people are trading back and forth with each other. So, it’s a dream to think that there’s a panacea, even for the past 4-5 years. It seems to look that way to the public if they read the news.
How bullish are you about the art collecting market in emerging countries, especially Asia?
I mean, that’s sort of hard. The Brazilians have been buying art for a very long time. They’ve certainly withdrawn from the market. The Chinese are kind of withdrawing from the market under government pressure, and keeping the money in China. The Russians use it a lot for money laundering – they’ve been told not to do it now, though maybe with Trump they can do it again. Once again, I think the transparency over time will be helpful. Many of the big trades you see in Chinese auction houses – they don’t pay for their purchases. So, a lot of the numbers you see there don’t exist. They just don’t pay. Their auction houses don’t really expect them to pay their bills. It’s a different game – don’t ask me why. I think we give ourselves these remarkable reasons after the fact as to why something has gone up or down. Sure, there may be some more rich people, and they’ll buy some art. If that’s the reason, it will be the same sort of little pinhead at the top.
By some measures, the return on art has topped most other asset classes over the past decade or two. What can be done to increase transparency and liquidity in the art market?
We’re in the business of increasing liquidity, in the art finance community. For us, it’s a safe trade, so to speak. For others it increases their liquidity. But the real issue in the art market today, as far as I’m concerned can be viewed in a big way – rules and regulations – or in a small way – transparency. Transparency – who the buyers and sellers are, was there an underbidder, who the last owner was, etc. – will make this a much more interesting market as a whole. And the people who are viewing it as an asset class today would certainly become more interested if they had real transparency.
You’ve also talked about art as branding. How would you convince an owner of a company, or a property manager, to take the option of leasing or purchasing high-quality art seriously?
Well, to start with, he doesn’t have to put up a lot of capital. So, say you have a law firm with 100,000 square feet, and they want to look better than a staged office. It costs a lot of money to do that, but you can offer them something that doesn’t take a lot of money. And with our position in the marketplace, we can buy things very inexpensively. We’ve done One World Trade Center, for example. Last but not least: if you have art on your wall in an office and it’s part of your marketing program, the lease is tax deductible. Whereas you can’t depreciate art. The biggest plus for us is we help [companies] in many cases, and in many cases we just do the job. We have helped them make selections that are useful in their own market. We can sell them the art if they want, but we provide a financial platform that makes it possible. It all came out of a conversation I had one time with Douglas Durst when I was doing One World Trade Center. Would you put up $10 to make a buck? He said yes. And that’s how this thing started.
Your company, Artemus, aims to minimize the risk when it comes to purchasing and selling art. How big do you think the art financing market really is?
We don’t buy art at Artemus unless we have a lease against it. We don’t just speculate in art and hope we can place it. We have a series of models that measure a lot of things. They measure volatility and downsides, and we do regression analysis. We look at the outlier and see how much risk you have in the outliers. We do stuff we used to do in the early ‘70s. The nice thing about art, by the way, is it’s a much more liquid market than real estate.
ArtAssure is focused a little bit more on advising people and making deals at auction. It used to do guarantees. The guarantee business has become a marketing business from auction houses. You don’t try to make money, which you won’t. It refers to others, where there may be something that fits with the needs of someone else, and it performs that function. It’s nice to have an arrangement.
The [art financing market] is smaller than people would have you think. As I sit and think about the totality of it that I know – some people will tell you it’s $20 billion or $15 billion. I would certainly say that in the West, it’s in the billions. But low billions.
Now, let’s move to Donald Trump. There was a lot of doom and gloom in many circles after he was elected, but the markets seem to have recovered from their initial hesitation, and in recent weeks, seem to be doing quite well, at least on the equity side. At the risk of generalizing, is Wall Street excited by President Trump?
I think they’re excited. All they paid for, they may get. My European friends – Germans especially call him the Marmalade Fuhrer.
I’ve known Donald for a long time. Not very well, though, because I don’t much enjoy him. What I think at the moment is…I actually think Donald is insane, but let’s forget that for a moment because that doesn’t matter. I’m assuming for a moment that he’s not insane and his behavior is strategic. If it’s strategic, it’s very clear what it’s meant to do. It’s meant to divide the country into two warring groups. The liberals – who don’t do war very much – and the conservatives, who do – It’s amazing what the liberals are letting happen in the legislative branch. You have to win before you can be fair. I learned that a while ago.
Let’s take the outside for a moment: liberals on the streets marching, motorcycle guys coming with their guns and hammers, black people start to break into the stores in Harlem – a rioting-type of environment. That is the most convenient way to gain personal power. There are many different things that can happen at that point, but perhaps the most likely is the equivalent of a state of emergency, as in Turkey, or as Hitler did. And in a state of emergency, of course – assuming the Congress permits it and the Supreme Court doesn’t throw it out… and even if they don’t, after a little while, it becomes a dictatorship anyway. But assuming a state of emergency, then [Trump] will have total personal control. Or, at least the people managing him will have total power in the country. And if he’s crazy, I don’t have much to say.
“I’VE KNOWN DONALD FOR A LONG TIME. NOT VERY WELL, THOUGH, BECAUSE I DON’T MUCH ENJOY HIM. WHAT I THINK AT THE MOMENT IS…I ACTUALLY THINK DONALD IS INSANE, BUT LET’S FORGET THAT FOR A MOMENT BECAUSE THAT DOESN’T MATTER”
What I just said has to do with how we live. What it’s going to be like under Donald Trump. But when we go to the important matter of economics and tariffs – think about it for a moment. You should go to www.asheredelman.com and read my economic work. Tariffs will really hurt the economy. Not for all the reasons everybody gives, but because companies who manufacture here generally have a very large input of foreign parts. Supply chains are very important. They add value to each step. For many of our manufacturers, the game plan has been and remains selling products abroad. So, if you have foreign supply chains, and your object is to sell products abroad, and if you’re up against tariffs on everything that comes in, you’re going to take that part of your business that sells abroad, and you’re going to move it abroad.
Mexico and every other country is also going to charge 20% on our end product, so that, suddenly, this guy is going to pay 20% on his supply chain, and he’ll have to pay tariffs on stuff he sends out. [As a result], he’s just going to do production in other countries. This is not good for jobs or business.
If the world is paying 20% to get [American products] to the country, they’re going to lose some of their taste for our products and services, because they can’t sell us back products and services. You’re going to find a brain drain [to] places like Germany – they will become more central to what people want, and who they want to buy it from. Or at least what people want, and who they want to buy it from. Once again, [it might be] strategic to get people upset. And if [Trump] is crazy, that’s another thing. But I don’t think [Trump’s policies] make a heckuva lot of sense. I think they’re going to inhibit American business and inhibit American hiring. This is non-progressive economics. This is plain economics. David Koch and I actually talk again. We go back a long time…
So, I take it that you don’t believe President Trump will moderate his policies, given some of the free trade-supporting economists close to him, like Larry Kudlow or Stephen Moore?
No, unless there’s a strategy to this.
You surprised many by vocally supporting Bernie Sanders during the Democratic primaries. What struck me was how one of the lines you’ve used when talking about finance – “I look at distress” – might be applicable. Would you say that you have more of an eye for “social distress” than other people in the finance or art world?
You know, it’s always been a very big part of my life. My great grandfather was a Tammany Hall politician. My family has always been liberal. I won’t say progressive, but fairly liberal. We tried very hard to push the older ones into understanding black culture. But Bernie – for me – I like him because he’s honest and can’t be bought. I go for people like George Bush, Sr. because of his humanity and who he was. When I argued Bernie’s side on CNBC, those poor folks didn’t really know what I was talking about. But Bernie was talking about fiscal stimulation.
I don’t care who you are – you go out on roads, or drive, or go to an airport, or go to a school – this country has a lot of needs. And money is cheap. I happen to believe that when money is cheap, you go out and borrow it long term, use it wisely, and get the economy going. From an economic point of view, that’s why I supported Bernie. I support him socially, too.
I recently did a half-day interview with Robert Reich, for a movie he’s making. I remember back in the ‘80s, we had a sort of war about what I was doing, and how it was destroying labor. It wasn’t, but I think we’ve come full circle. These are my views. My views, economically, come out of Keynes and Minsky. I studied economics and taught it. For me, it’s evident and clear.
What do you think is the future of the progressive movement, post-Bernie?
I don’t know who it’s going to be. I think it’ won’t be Elizabeth [Warren] – she’s okay. But I think the future of the progressive movement is extremely interesting. If we have an election in four years…I said “if.” I think Trump is either crazy or has a specific strategy, which I’ve described, and which doesn’t include elections in four years. But, if we have an election in four years, you will never have seen a bigger turnout by and for progressives. Never. The only trouble is that, by then, the gerrymandering and so on might make it not matter. I think the future is big for the progressive movement. Unless we turn into a turkey. Then there’s no future.
What should progressives do right now that’s productive?
I think all this marching around is lovely. Or, giving $5 here, $2 here. But we’re in a place today, until we change it, where you have to buy the politicians. It doesn’t do any good to march around. You have to make sure they know their next election is paid for. Period. Progressives have to do that too. You must be in power to be able to change things. It just doesn’t happen because you march around.
You’ve spoken a lot about the importance of boosting the velocity of money in order to have more widespread economic growth. What realistic steps can the current administration take to do that? And how do you think Wall Street would take it – is there a win-win possible?
Wall Street has to be very happy about more velocity of money – it’s a matter of how you get there. The velocity of money gets the economy going. If you’re a billionaire and you earn $100 million a year… if you spend $10 million, it’s a lot, unless you’re some jackass. But, if a hundred thousand people earn $100 million [total] a year, it all gets spent. But for the billionaires, only 10% is spent. So, money goes dead, in terms of stimulating the market through Hershey bars and other things people buy. Wall Street has to be excited by it. Some of the problems are sacrificial. You have to give people jobs, and all these terrible things, medical aid, etc., so they can spend it.