Is Bloomberg giving up on Trump?

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President Donald Trump should be worried. Once the Southern District gets its jaws onto a string of crimes, it doesn’t let go...

Trump is now facing a two-front war against the Justice Department. The team led by special counsel Robert Mueller is supposed to focus on Russian interference in the 2016 election. But the Southern District can investigate any aspect of Trump’s behavior that took place in its jurisdiction, at any time.

And unlike Mueller, who could in principle be fired, the Southern District isn’t one man; it’s a whole office of career lawyers. It can’t be fired. Even if Robert Khuzami, the acting U.S. attorney in this case, were removed, no new U.S. attorney could realistically call off the prosecutors...

The Cohen conviction makes any such Southern District investigation normal and logical, not a “witch hunt"...

The digging by the Southern District should be a clue to Trump that, when he leaves office, an indictment may be waiting. That would make it hard for him to do his job as president. It would also give him an incentive to resign and be pardoned by Mike Pence.

And if the Southern District wanted to go after Trump before that, it has tools aplenty at its disposal. It doesn’t seem inconceivable that the office could seek to indict the Trump Organization itself and seize assets derived from criminal activity. Or it could use the RICO statute to get a court to deem the organization a criminal enterprise...

It remains to be seen how far the Southern District will go. But its opening salvo — Cohen’s statement against the president — already went further than any part of the Justice Department has gone since Richard Nixon’s administration. When it comes to taking on the president, the Southern District has already shown that it’s not afraid.
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Noah Feldman is a Bloomberg Opinion columnist. He is a professor of law at Harvard University and was a clerk to U.S. Supreme Court Justice David Souter. His books include “The Three Lives of James Madison: Genius, Partisan, President.”

I didn't know that Bloomberg was ever supportive of Trump (?) cf Breitbart, which was slaveringly supportive of the Orangeface until the meltdown between Trump and Bannon, though I assume even with Bannon gone, it still is full of Trump-orientated agendas or other kinds of extremism.

The following is the transcript of Bloomberg's DNC speech:

Kasim, thank you for that kind introduction. Let me thank all of you for welcoming an outsider here to deliver what will be an unconventional convention speech.

Now, I'm not here as a member of any party, or to endorse any party platform. I am here for one reason, and one reason only: to explain why I believe it is my imperative that we elect Hillary Clinton as the next president of the United States. And to ask you to join with me in supporting her this November.

When the Founding Fathers arrived here in Philadelphia to forge a new nation, they didn't come as Democrats or Republicans, or to nominate a presidential candidate. They came as patriots who feared party politics. I know how they felt. I've been a Democrat, I've been a Republican, and I eventually became an independent because I don't believe either party has a monopoly on good ideas or strong leadership.

When I enter the voting booth each time, I look at the candidate, not the party label. I have supported elected officials from both sides of the aisle. Probably not many people in this room can say that, but I know there are many watching at home who can. And now, they are carefully weighing their choices. I understand their dilemma.

I know what it's like to have neither party fully represent my views or values. Too many Republicans wrongly blame immigrants for our problems, and they stand in the way of action on climate change and gun violence. Meanwhile, many Democrats wrongly blame the private sector for our problems, and they stand in the way of action on education reform and deficit reduction.

There are times when I disagree with Hillary. But whatever our disagreements may be, I've come here to say: We must put them aside for the good of our country. And we must united around the candidate who can defeat a dangerous demagogue.

I believe it's the duty of all American citizens to make our voices heard by voting in this election. And, if you're not yet registered to vote, go online. Do it now. It's just too important to sit this out.

Now, we've heard a lot of talk in this campaign about needing a leader who understands business. I couldn't agree more. I've built a business and I didn't start it with a million-dollar check from my father. Because of my success in the private sector, I had the chance to run America's largest city for 12 years, governing in the wake of its greatest tragedy.

Today, as an independent, an entrepreneur, and a former mayor, I believe we need a president who is a problem solver, not a bomb thrower. Someone who can bring members of Congress together, to get things done. And I know Hillary Clinton can do that because I saw it firsthand.

I was elected mayor two months after 9/11, as a Republican — and I saw how Hillary Clinton worked with Republicans in Washington to ensure that New York got the help it needed to recover and rebuild. Throughout her time in the Senate, we didn't always agree
— but she always listened. And that's the kind of approach we need in Washington today, and it just has to start in the White House.

Given my background, I've often encouraged business leaders to run for office because many of them share that same pragmatic approach to building consensus, but not all. Most of us who have created a business know that we're only as good as the way our employees, clients, and partners view us. Most of us don't pretend that we're smart enough to make every big decision by ourselves. And most of us who have our names on the door know that we're only as good as our word. But not Donald Trump.

Throughout his career, Trump has left behind a well-documented record of bankruptcies, thousands of lawsuits, angry shareholders, and contractors who feel cheated, and disillusioned customers who feel ripped off. Trump says he wants to run the nation like he's run his business. God help us.

I'm a New Yorker, and New Yorkers know a con when we see one! Trump says he'll punish manufacturers that move to Mexico or China, but the clothes he sells are made overseas in low-wage factories. He says he wants to put Americans back to work, but he games the US visa system so he can hire temporary foreign workers at low wages. He says he wants to deport 11 million undocumented people, but he seems to have no problem in hiring them. What'd I miss here?!

Truth be told, the richest thing about Donald Trump is his hypocrisy. He wants you to believe that we can solve our biggest problems by deporting Mexicans and shutting out Muslims. He wants you to believe that erecting trade barriers will bring back good jobs. He's wrong on both counts.

We can only solve our biggest problems if we come together and embrace the freedoms that our Founding Fathers established right here in Philadelphia, which permitted our ancestors to create the great American exceptionalism that all of us now enjoy. Donald Trump doesn't understand that. Hillary Clinton does. And we can only create good jobs if we make smarter investments in infrastructure and do more to support small businesses. Not stiff them. Donald Trump doesn't understand that. Hillary Clinton does.

I understand the appeal of a businessman president. But Trump's business plan is a disaster in the making. He would make it harder for small businesses to compete, do great damage to our economy, threaten the retirement savings of millions of Americans, lead to greater debt and more unemployment, erode our influence in the world, and make our communities less safe.

The bottom line is: Trump is a risky, reckless, and radical choice. And we can't afford to make that choice.

Now, I know Hillary Clinton is not flawless; no candidate is. But she is the right choice — and the responsible choice — in this election. No matter what you may think about her politics or her record, Hillary Clinton understands that this is not reality television; this is reality. She understands the job of president. It involves finding solutions, not pointing fingers, and offering hope, not stoking fear.

Over the course of our country's proud history, we have faced our share of grave challenges, but we have never retreated in fear. Never. Not here in Philadelphia in 1776, not at Gettysburg in 1863, not through two World Wars and a Great Depression, not at Selma or Stonewall, and not after 9/11 — and we must not start now.

America is the greatest country on Earth — and when people vote with their feet, they come here. The presidency of the United States is the most powerful office in the world, and so I say to my fellow independents: Your vote matters now. Your vote will determine the future of your job, your business, and our future together as a country.

To me, this election is not a choice between a Democrat and a Republican. It's a choice about who is better to lead our country right now: better for our economy, better for our security, better for our freedom, and better for our future.

There is no doubt in my mind that Hillary Clinton is the right choice this November. So tonight, as an independent, I am asking you to join with me — not out of party loyalty but out of love of country. And together, let's elect Hillary Clinton as the next president of the greatest country in the world, the United States of America.

Thank you.