Newsmax’s complaining about the court ruling against Donald Trump over fraud involving his properties continued with a Feb. 20 column by Michael Reagan, who was being deliberately obtuse about what happened:
There is quite a bit of suspense here at the Columnist’s Corral.
We’re wondering if some leftist California district attorney is going to come after the Reagan family for overvaluing real estate, like New York went after Donald Trump.
What, you ask, could cause that?
Well, when Ronald Reagan’s Belair, California home and his ranch in Santa Barbara county were put on sale after his death the asking price was more than the appraised value.
Why? Because it was Ronald Reagan’s home and ranch.
Property owned by a famous person has an intrinsic or notoriety value, if you prefer, that exceeds the strictly bookkeeping valuation of the property.
Just like have Trump’s name on a building in giant gold letters (is there any other color where Trump is concerned?) acts as an enhancement to the bricks and mortar value.
But based on Judge Arthur “My Time in the Spotlight” Engoron’s ruling in the New York Trump real estate case, the Reagans may be on the spot.
We’re wondering if any of these Marxists has ever been to an auction?
At an auction items are given an estimated value by the auction house but many times the final price vastly exceeds the initial valuation.
Does that mean the buyer was cheated? Esteemed Marsupial Court Judge Engoron might think so, but the truth is the value of anything is what someone else will pay for it.
Selling a property for whatever a buyer is willing to pay is, of course, perfectly legal — but that’s not what Trump did. He deliberately overvalued his properties in order to obtain lower interest rates on loans. Reagan continued to rant about it anyway:
This is the kangaroo court’s real gift to America.
The Trump affair is not only a victimless crime.
It’s a crimeless crime.
As we wrote earlier, men who made the mistake of purchasing a Chinese shirt on Facebook have suffered more damage than the anonymous banks and insurance companies in New York.
Those who believe the system works and Donald Trump will be vindicated in a future appellate ruling are ignoring the reality of the here and now in favor of some fantasy justice in the future.
[…]The process here is the punishment, regardless of the final verdict.
Even if vindicated by an appellate court, Trump will have spent millions of dollars he won’t get back, his companies will be under the direction of people who hate him for the duration of the appellate process and this entire clown circus will be a distraction from his re-election campaign.
Which is the motive behind all these leftist legal attacks.
This isn’t the rule of law.
It’s the rule of mobs.
And the sooner conservatives cowboy up and start retaliating, the sooner it will stop.
Actually, the fact that Trump is being prosecuted for his actions despite being a powerful politician what what is engendering belief that the system works. And if Reagan wants conservatives to “start retaliating” for a lawful prosecution, that means he’s rooting for anarchy and the rejection of the rule of law. He doesn’t understand that nobody should be above the law — not even Donald Trump.