Well before The Wall Street Journal reported that a porn star with the meteorological name of Stormy Daniels was paid $130,000 to keep quiet about sex with Donald Trump, it was clear that a bigger and more crass proposition would be emerging from the White House.
Going into the midterm elections, Trump is offering this deal to his supporters: Say nothing about the lies, the bullying, the accusations of sexual misconduct from more than a dozen women, the undermining of the rule of law, the abdication of basic decency - and in turn he will make you rich.
Essentially, it's a payoff. Trump himself has framed it this way. When asked about his coming health exam last month, he said, "It better go well, otherwise the stock market will not be happy." He used the same phrase when talking about his hard-line position on immigration.
Both Barack Obama and Bill Clinton oversaw spectacular gains in the stock market - among the best in history. The Dow Jones industrial average rose 227 percent during Clinton's eight years and 149 percent under Obama.
Yet, neither of those men held the market out as hostage to a backward agenda and a deranged personality. Trump is running a bottom-line presidency in which people who know better are asked to stay quiet in exchange for a short-term payoff.
Modern presidents, dating at least to Ronald Reagan, have urged voters to ask one question going into pivotal elections: Are you better off than you were before? It's a reasonable standard. But it has never been the leverage for allowing a democracy to collapse.
You heard some uplifting words during the State of the Union address, words with all the staying power of vapor from a sewage vent. But even as Trump spoke before Congress on Tuesday, he monetized the speech, with donors paying to have their name live-streamed across a Trump campaign web page.
The question for those yet to join the enablers is: What's the price - a record stock market in which 10 percent of Americans own 84 percent of the market wealth, a tax cut that burdens the working poor in years to come - for saying nothing?
Evangelical Christians were among the first to sign on to a Stormy Daniels proposition. In the infamous words of Tony Perkins, president of the Family Research Council, Trump gets a "do-over" for the infidelity allegation.
For these self-appointed guardians of the soul, the bargain is bigger than 30 pieces of silver: It's a promise that Trump will continue to protect their tax-exempt empires, in the name of religious freedom.
For Republicans in Congress, the pact is more consequential. They will ignore the pleadings of career law enforcement officials in order to stoke fantasies of a deep-state coup against the president. These politicians are counting on a base that will look the other way as they undermine Robert Mueller's investigation into Russian tampering with the election.
He can falsely say that his State of the Union speech drew the highest audience in history - in fact, it ranked ninth since 1993 - because this president has told more than 2,000 lies in a year and hasn't been called out for them by the people who signed on to silence.
What happens if the bargain crumbles? What if the market tanks - as the Dow did in losing more than 500 points a few days ago? Do the sycophants bail? Or do they hold out for something more - like the lobbyists now drafting legislation and gutting regulations that affect the companies that pay them?
Beware, those of you who have made your deal with the Stormy Daniels presidency. You can take your settlement money - as the people who signed up for the fraudulent Trump University did - but you still got suckered.
The New York Times