The Media’s Groundbreaking Discovery: Anti-Corruption Is Good Politics

The chattering classes have belatedly stumbled upon a way to defeat authoritarianism. Now if they can only practice what they preach.

Good news has been something of a precious commodity of late, what with the Trump administration still engaged in its slop-conflict with Iran and the president himself taking to depicting himself as a messianic figure online. But in last weekend’s elections in Hungary, Péter Magyar and his Tisza party resoundingly defeated international fascist darling Viktor Orbán and his far-right Fidesz minions. Tisza did so well in these elections, in fact, that they will have the numbers to enact crucial constitutional reforms and undo at least some of the damage of 16 years of authoritarian rule. As a side note, Orbán’s defeat is a black eye for his stateside backers, including Vice President JD Vance, who had personally stumped for the defeated strongman in the waning days of the campaign.

This was, in other words, a good outcome for freedom-loving people everywhere and a result that will hopefully yield further fruit. But there is one by-product that’s truly been a puzzlement. Across the media landscape, the chattering class has assayed the election and made what is—to it, anyway—a fresh discovery: What if political corruption is bad? And what if campaigning against corruption is a winning issue?

The Washington Post’s edit board said that “the main reason for Orbán’s fall was endemic corruption” and the fact that he had constructed “a mafia state.” The Wall Street Journal’s William Galston similarly enthused that Magyar’s focus on “a handful of issues—cronyism and corruption, economic stagnation and inflation, and decaying public services” was a “lesson for Democrats.” And The New York Times edit board, in a piece titled “Here’s How to Defeat Trumpism,” highlighted the fact that Magyar “made corruption a core campaign issue,” and then confidently intoned, “It is easy enough to imagine an American version of this strategy.”

It’s something of a marvel to have so many people so confident in their public declarations that they’ve finally cracked this code, several years after it might have been a useful insight. Trump, who will never be on a ballot again, is corrupt—and maybe that’s his Achilles’ heel! As someone who was trying to explain the depths of Trump’s corruption and the importance of safeguarding the constitutional bulwarks against a president using his position to enrich himself before Trump’s first inauguration, I can only say that these folks are a little late to the party.

It’s extremely cute that so many media elites have decided that this is a lesson Democrats need to learn when, in fact, many Democrats have actually already figured it out. Here, for example, is Georgia Senator Jon Ossoff, speaking in September 2025 to Pod Save America: “Vast sums of corporate and billionaire money in our political system—with or without Trump—are why ordinary people are so ill served by elected officials and by Congress.… If we don’t solve this problem, even once we put Trump back in the box in the midterms and once he’s gone, the country will still be in deep trouble.”

Ossoff is one of 120 Democratic candidates who long ago signed onto End Citizens United’s “Unrig Washington” pledge, which asks candidates to support three agenda items: a total ban on congressional stock trading, a refusal of corporate PAC money, and a promise to undo the damage of the Citizens United ruling and to crack down on dark money in our politics. Maybe everyone at the big newspapers missed this. Notably, NOTUS—the upstart publication that’s lately been eating The Washington Post’s lunch—took stock of the scene two months ago and found that “Democratic candidates are leaning into anti-corruption messaging this cycle, seeing it as an opportunity to emphasize what they see as excessive corporate influence, unethical stock trading and shady behavior from their opponents.”

Democrats coming out against corruption in the Trump era isn’t even this recent a phenomenon. The Washington Post’s editors would do well to occasionally read their own newspaper’s reporting: As their own Mike DeBonis reported in the run-up to the 2018 midterms, anti-corruption was a major plank in the Democratic Party’s (successful) campaign.

So what, if anything, has been holding Democrats’ efforts back despite this being such a robust line of attack on Trumpism? Well, as the aforementioned NOTUS report noted, “Democrats were seen as more corrupt than Republicans by a five-percentage point margin in a 2025 battleground poll by End Citizens United.” There’s no doubt that some of this was a self-inflicted wound: There’s been significant intraparty resistance to a ban on stock trading, for instance. And the party has been slow to deal with its own corrupt members—like letting noted sleaze-pump Bob Menendez hang around the Senate until his crimes finally became too comical to tolerate.

Still, for the public to have the opinion, in 2025, that the Democrats were more corrupt than a party whose leader enmeshed himself in several Teapot Dome–level scandals in that same calendar year—including the creation of an unaccountable crypto slush fund to facilitate all manner of quid pro quo exchanges—suggests that the same media that’s recently tripped over the idea that corruption is a bad thing has impeded the public’s ability to see this for themselves.

It’s absolutely the case that we would know very little about Trump’s crimes were it not for the reporters who’ve ferreted out all these important stories. But where the mainstream media falls down on the job is its lack of civic impulse to properly paint Trump and his enablers as agents in a de facto criminal enterprise. And just as the media has indulged in sanewashing the president’s demented ravings, so too has it sanded off the edges of Trump’s corrupt practices. The way Trump’s story gets told, serial violations of the Constitution become mere “departures” from previous norms; his mafioso-like demands of the international community aren’t described as extortion—Trump is simply being “transactional.”

Just this week, days after the Associated Press joined their peers in the post-Orbán Great Corruption Awakening, they reported at length about how the Trump White House is basically a racket of double-dealing, favor-trading, and self-enrichment. Somehow, the word corrupt doesn’t appear in the article. There are no plain-English explanations of the historic criminality, either—merely allusions alongside laughable denials from various Trump spokespersons. In fact, the AP’s main concern, per their headline, is that the “Trump family deal spree could open [the] door for future presidents to profit from office.” This is the View From Nowhere at work: What if the criminal president we have now corrupts a future president?

Look, I think it’s great that so many media elites have woken up to the fact that political corruption is a great civic evil, and that Trump is politically corrupt. But by the transitive theory of equality, that means Trump is a great civic evildoer, and a media that can’t tell that truth—and which instead seeks to obscure it—is this corrupt president’s brilliant ally. I’m hoping this will change, but I rather think that the people who possess the means to shape the discourse back into something that reflects reality, and actually help restore our once flourishing democracy, all lack the guts to join this fight. Hopefully, as in Hungary, we will end up not needing them.

This article first appeared in Power Mad, a weekly TNR newsletter authored by deputy editor Jason Linkins. Sign up here.

“TACO” Trump Is a Dangerous Mirage

“Trump Always Chickens Out” has been fashioned into a dig at the president over the years. But the gibe is obscuring some difficult truths.

Most of us were duly alarmed on Tuesday morning when the president of the United States threatened to end a civilization by 8 p.m. Eastern time. It seemed entirely possible that if Iran did not “Open the fuckin’ Strait,” as Donald Trump put it, he would drop a tactical nuke on Tehran or do something slightly less apocalyptic but nonetheless genocidal. When a feebleminded lunatic runs the world’s most well-funded war machine, it’s best to worry and risk being accused of overreaction. The problem is that a significant swath of Americans aren’t alarmed enough.

I am speaking of the “Trump Always Chickens Out” maxim that has taken root since the beginning of Trump’s second term. This refers to the persistent belief that Trump is perpetually climbing down from his most dire threats—a paper tiger forever on the verge of folding. TACO theory always gives you the out when it comes to worrying about Trumpian misrule. It also gives Trump’s opponents an easy shorthand for insulting him and making themselves feel better. But it’s worth questioning whether TACO actually has much merit. Off the top of my head, I’m guessing that an untold number of obliterated Iranians may take issue with this contention.

It’s fitting that the TACO meme was largely birthed by Wall Streeters, operating under the shield of plutocratic wealth and chronic naïveté that is intrinsic to the financial services sector. As the Huffington Post reported back in May 2025, the term was cooked up by the Financial Times’ Robert Armstrong to refer to how the markets reacted to “the president’s tendency to announce massive tariffs, causing the markets to plunge, only to back off days later, causing them to rise again.” A certain swath of investors were using TACO theory to do some heavy-duty buckraking. As Ted Jenkin, the president of Exit Stage Left Advisors, told the New York Post, the strategy worked like this: “Once he delivers bad news, investors are buying those stocks when they are beaten down waiting for him to chicken out and watching those stocks rebound in value.”

Over time, TACO morphed from a form of tariff-whispering to a sort of catch-all delusion for markets to pretend that the damage Trump is doing to the economy never really has to be priced in. But it also expanded beyond the concerns of Wall Streeters to become a comforting security blanket anytime Trump either seems to be on the brink of doing something catastrophic or has backed down from escalations.

The Trump administration has actually grown pretty adept at managing and manipulating the TACO theory to its own advantages. Earlier this year, the ouster of Customs and Border Protection commander Greg Bovino, the real-life version of Sean Penn’s character in One Battle After Another, was widely depicted in the press as a sort of chickening out: Trump was forced to retrench in the face of widespread public horror over the administration’s deadly operations in Minneapolis. But under the new management of border czar Tom Homan, the terror machine kept running in the city for several more weeks. Similarly, at the Department of Homeland Security, Kristi Noem’s dismissal in favor of Markwayne Mullin was seen as a setback for the administration, but really it just traded new excesses for old ones. If you were sitting there thinking that the temperature had been lowered or the administration had been chastened, you got played.

It may be comforting to think that in Iran, Trump once again chickened out. After all, a civilization threatened on Tuesday has made it to the end of the week, and there’s a two-week hold on all the proposed war crimes in Trump’s latest atrocity pitch deck. If you’re of the mind that any of this is true, check yourself. Trump has not chickened out; he’s already gone all in: This war of choice has bequeathed a mountain of casualties, tons of destruction, and economic ramifications that will linger for years. What you think looks like a cowardly retreat is actually Trump flailing. He is not in control of the situation, and the danger is far from over.

Also not over: the aforementioned buckraking. Trump’s TACO cycle continues to be fodder for insider trading and market manipulation. Trump’s late-March threat to “obliterate [Iran’s] various POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST!” was followed by a belligerent response from Iran and a hasty Sunday-show appearance from Treasury Secretary Scott Bessent to head off any market volatility on Monday morning. Trump retreated from his threats in an early morning missive on Monday, citing the phantasmal success of nonexistent diplomatic discussions. But as FT reported, people were getting rich behind the scenes: “Traders made bets worth half a billion dollars in the oil market about 15 minutes before Donald Trump’s post touting ‘productive’ talks with Iran sent the price of crude tumbling and ignited volatility in other assets.”

Once you crack open the shell of this TACO, what you’ll find isn’t a source of reassurance or a fun gibe to toss in Trump’s direction. It’s all the same misrule, criminality, and corruption. Paul Krugman, who credibly argues that these insider trades are tantamount to treason, bottom-lines it in this way: “You can’t trust a corrupt government to protect national security. And our government is now utterly corrupt: It’s hard to find a single senior official, from the president on down, who treats public office as a grave responsibility rather than an opportunity for personal self-aggrandizement and profit.”

As the events of this week prove, life under these arrangements is scary and frustrating. We bear the cost of Trump’s belligerence and suffer psychically as he swings from one unimaginable threat to the next. Meanwhile, insiders get to manipulate the mass media and the markets to further their authoritarian political goals and self-enrichment. This TACO party is proving to be extremely profitable for an elite few, but I’d bet you won’t be invited to it anytime soon.

This article first appeared in Power Mad, a weekly TNR newsletter authored by deputy editor Jason Linkins. Sign up here.

Sending ICE to the Airports Is Trump’s Dumbest Idea Yet

Weary travelers already mired in the president’s ineptitude are getting a potent and visible reminder of this administration’s authoritarian misrule.

In recent months, we’ve reached the stage of President Donald Trump’s second term where some of his greatest problems are the result of misguided solutions to his previous screwups. We are spending millions on farm bailouts to cover Trump’s devastating tariffs. We’re in a war with Iran to reopen a shipping lane that was open before we started the war. And we are lifting sanctions on the oil that’s floating around at sea on tankers from the country we’re at war with because we need that oil in the market to reduce the cost of gas that spiked because, again, of the war we chose to start.

Essentially, the backlash to the problems Trump first caused forced a response that is destined to lead to more backlash. It’s a comically vicious cycle, but hey, this is kind of what you get when you elect a president who ran on the platform of “If I become president they can’t prosecute me for my many crimes.” But now, everyone who is flying out of a major U.S. airport can have themselves an up-close look at the clattering irony of Trumpian misrule as they stand in epically long security queues to watch recently redeployed ICE agents lumber around, stewing in their own pointlessness.

This decision by Trump, like so many others, really requires one of those “Let me get this straight” paragraphs to truly appreciate the ouroboros of ineptitude on display. So let me bang one out. ICE agents previously deployed to terrorize American cities have engendered such a heavy amount of blowback from the American public that Democrats were able to find the courage to stand firm against further funding of the agency until significant reforms are agreed to in a deal. Trump, who can’t tolerate negotiating with Democrats, has killed off compromises that would permit the funding of the Department of Homeland Security’s other agencies. Because of this department-wide shutdown, the TSA is unfunded, so unpaid workers are dropping like flies and people are having to spend hours in the airport security lines.

The solution to all of this: Send hundreds of ICE agents to these airports to … well, beyond a few reports of agents making cursory and redundant ID checks, it’s not clear what they were meant to do in this situation, and by all accounts they aren’t improving things at all. (Though Lauren Boebert did claim that ICE was making things great again at Minneapolis-St. Paul International Airport before it was pointed out to her that ICE had not been deployed to that airport.) Because this is ICE we’re talking about, there was mayhem to be had: San Francisco travelers were witness to a particularly horrific arrest this week. But as Defector’s Barry Petchesky reported, the agents are mostly just standing around, diddling on their phones, and begging for a coffee shop manager to hit them with a classic, “If there’s time to lean, there’s time to clean.”

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