Swamp Notes: How money is shaping the 2024 US election
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 3 February 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
Business leaders backed away from Donald Trump after his supporters attacked the US Capitol in 2021. Now, political donors are warming to the former president again as he runs for his party’s nomination ahead of elections later this year. The FT’s Alex Rogers and Edward Luce explain why donations are flowing in the way they are.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | After the January 6th insurrection in 2021, a lot of rich people took a hard line against |
| 0:18.2 | then President Trump. But now he looks like he may just lock up the Republican nomination. |
| 0:24.3 | And some wealthy donors are saying, |
| 0:26.6 | eh, what's a little insurrection between friends? |
| 0:29.2 | This is Swamp Notes, the weekly U.S. politics |
| 0:34.2 | podcast from the FT News Briefing, where we talk about all of the things |
| 0:37.2 | happening in 2024 and the U.S. presidential election. |
| 0:40.2 | I'm Mark Filipino. |
| 0:41.2 | And this week, we'll look at big business and their complicated relationship with Trump |
| 0:45.6 | Here with me today is Alex Rogers. He covers campaign finance for the FT. Hey Alex, hey Mark |
| 0:50.4 | And we've also got Ed Luce on the line. He's our U.S. political columnist who, wouldn't you know it, also co-authors our swamp nodes |
| 0:56.8 | newsletter with Rona Ferruhar. |
| 0:58.7 | Hey Ed. |
| 0:59.3 | Good to be with you. |
| 1:00.5 | So Ed, a lot of donors distanced themselves from Trump after he lost the 2020 election and then the failed January 6th insurrection. |
| 1:09.0 | They're now coming back to him. What does that show us? |
| 1:13.0 | What it shows is two things. One, that they are gaming this out and seeing that Trump maybe has a 50-50 chance |
| 1:20.4 | of being president, and two as stewards of their businesses of their |
| 1:25.8 | banks their companies whatever they might be they need to hedge their bets |
| 1:30.6 | because Trump is somebody who not only rewards friends but |
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