Mass Media Hysteria Ensues after CNN Airs 'Secret' Trump-Michael Cohen Tape

On Tuesday night CNN aired what they're calling a "secret Trump-Michael Cohen tape" that reveals a conversation between then-private citizen Donald Trump and his attorney, Michael Cohen.

You can listen to the tape here:

Here's how CNN is spinning it:

Presidential candidate Donald Trump is heard on tape discussing with his attorney Michael Cohen how they would buy the rights to a Playboy model's story about an alleged affair Trump had with her years earlier, according to the audio recording of the conversation aired exclusively on CNN's "Cuomo Prime Time."

The recording offers the public a glimpse at the confidential discussions between Trump and Cohen, and it confirms the man who now occupies the Oval Office had contemporaneous knowledge of a proposal to buy the rights to the story of Karen McDougal, a woman who has alleged she had an extramarital affair with Trump about a decade ago.

Cohen told Trump about his plans to set up a company and finance the purchase of the rights from American Media, which publishes the National Enquirer.

"I need to open up a company for the transfer of all of that info regarding our friend David," Cohen said in the recording, likely a reference to American Media head David Pecker.

Trump interrupts Cohen asking, "What financing?" according to the recording. When Cohen tells Trump, "We'll have to pay." Trump is heard saying "pay with cash" but the audio is muddled and it's unclear whether he suggests paying with cash or not paying. Cohen says, "no, no" but it is not clear what is said next.

A recording of President Trump and his longtime personal attorney, Michael Cohen, discussing a possible payment to former Playboy model Karen McDougal was provided to CNN Tuesday by Cohen's attorney and longtime Clinton confidant Lanny Davis.

Fox News and other outlets confirmed the existence of the tape on Friday. A source has told Fox that no payment was ever made to McDougal.

On the recording, which was made prior to the 2016 election, Cohen tells Trump: "I need to open up a company for the transfer of all of that info regarding our friend David" and adds that he has consulted Trump Organization CFO Allan Weisselberg "about how to set the whole thing up."

Cohen then starts to say: "When it comes time for the financing," at which point Trump cuts him off and says," What financing?"

What Trump says next is not clear, but it ends with the phrase "with cash."

"No, no, no, no, no, no," Cohen responds before the tape cuts off.

Trump attorney Rudy Giuliani told Fox News' "The Ingraham Angle" that Trump told Cohen, "don't pay with cash" and slammed Cohen for making the recording "surreptitiously."

"There’s no way the president is going to be talking about setting up a corporation and then using cash unless you’re a complete idiot," Giuliani said, "and the president’s not an idiot."

It's obvious from these two snippets that competing narratives are emerging: