There’s been a hostile takeover at the RNC. And as in all such takeovers the first order of business is to lay off as many workers as possible. In this case, about 60 workers so far.

In the business world, the new owner initiating a hostile takeover makes the purchase with wads of borrowed money and then places that debt on the purchased company. To service that debt, costs must be cut, usually through mass layoffs. For example, Elon Must bought Twitter with billions in borrowed funds, which increased Twitter’s debt service from $50 million a year to $1 billion per year. To cover those costs thousands of employees were Xed out .

The fundamental reason for a leveraged buyout/hostile takeover, is to extract as much wealth as possible, and this is what Donald J. Trump is doing with his takeover of the RNC. But he didn’t have to put up or borrow any money. He jumped immediately into extraction mode: He wants to raid the RNC treasury to pay for his legal bills.

How do you think the RNC mass layoff victims feel about losing their jobs so that Trump has more money to defend himself from indictments involving porn payments, rape, inflating his net worth, stealing top secret documents, and trying to overturn an election?

To get that done, he—like all takeover artists—put in his own management team, which he can fully control. The new chairs of the RNC are Michael Whatley, a close Trump ally, and Lara Trump, his daughter-in-law. (If he weren’t so busy in court, Trump........

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