"2019 will be the worst year of Donald Trump’s life"
Donald Trump is raking in big bucks from emoluments foreign and domestic.
By Robert Schlesinger Managing Editor for OpinionMarch 5, 2018, at 6:00 a.m.
U.S. News & World Report
The Profiting of the President More
The Trump International Hotel in Washington, D.C.(Brett Ziegler for USN&WR)
I wrote Friday about some of the various ways creeping Trumpism is infecting our system of governance .. https://www.usnews.com/opinion/articles/2018-03-02/jared-kushner-ben-carson-and-how-donald-trump-is-corrupting-politics , whether through practices that are sketchy or possibly even illegal: Questionable travel practices, unqualified appointees, whether family members, cronies or fringy neophytes and of course the old fashioned using one's position of power to line one's own pockets.
But in any White House, and especially in one where the president has built a career on branding and making himself the product, culture flows from the top. In this case it's rather like a volcano.
And when it comes to wringing bucks out of this administration, no one can match President Donald Trump himself for the sheer depth and breadth of his national grift. Hell, the way he's set things up it's virtually impossible to even capture its scope. Thanks to presidential ethics laws that never contemplated a businessman president who would not follow the political norms of divesting himself of his businesses, disclosing his taxes and generally trying to avoid conflicts of interest, much and possibly all of this is legal if unseemly. "The president can't have a conflict of interest," Trump noted even before he took office .. https://www.washingtonpost.com/news/fact-checker/wp/2016/11/23/trumps-claim-that-the-president-cant-have-a-conflict-of-interest/?utm_term=.a041f3510d22 , perhaps confusing a technical matter of law for a broader matter of ethics.
We can start with the truly big money. Forbes' Dan Alexander and Matt Drange estimated last month that Trump rakes in at least $175 million .. https://www.forbes.com/sites/danalexander/2018/02/13/trump-conflicts-of-interest-tenants-donald-business-organization-real-estate-assets-pay/#87e5a3848f97 .. annually from commercial tenants like the state-owned Industrial & Commercial Bank of China. Which companies specifically and how much money exactly? It's impossible to say because federal disclosure laws don't require an accounting of where his businesses get their money. This was not a problem with previous presidents, who divested themselves and disclosed. Trump on the other hand does nothing more than the minimum legally required. Not knowing who's paying the president how much money? That seems like it might be a problem. "Take any hot-button issue of the past year, and there's a good chance Trump's tenants lobbied the federal government on it, either in support of or in opposition to the administration's position," Forbes noted, adding that at least three dozen known Trump tenants have "meaningful relationships with the federal government, from contractors to lobbying firms to regulatory targets." In one case, even the federal government is paying rent to the president.
And that's just one avenue for filling the Trump-branded, solid gold trough. Foreign governments have been quick to figure out how to stay on the president's good side. They've "donated public land, approved permits and eased environmental regulations for Trump-branded developments, creating a slew of potential conflicts as foreign leaders make investments that can be seen as gifts or attempts to gain access to the American president through his sprawling business empire," McClatchy's Anita Kumar reported in January .. http://www.mcclatchydc.com/news/nation-world/article192131074.html . The Chinese government has granted Trump at least 39 trademarks .. http://foreignpolicy.com/2017/06/14/trump-continues-to-collect-trademarks-in-china/ some of which had been previously rejected, since he took office; Ivanka Trump, the president's daughter and senior adviser, has also gotten at least seven since she joined the administration. It's good to be the king or in the royal family.
But wait, there are still more ways to enrich the most powerful man in the world. His company still sells real estate, after all. An investigation by USA Today .. https://www.usatoday.com/story/news/2017/06/13/trump-property-buyers-make-clear-shift-secretive-llcs/102399558/ .. last summer found that in the 12 months after he clinched the GOP presidential nomination in 2016, "70% of buyers of Trump properties were limited liability companies – corporate entities that allow people to purchase property without revealing all of the owners' names. That compares with about 4% of buyers in the two years before." Overall in 2017 .. https://www.usatoday.com/story/news/2018/01/10/trumps-secretive-real-estate-sales-continue-unabated/1018530001/ , the paper reported, Trump's companies "sold more than $35 million in real estate ... mostly to secretive shell companies that obscure buyers' identities." Mysterious investors suddenly pouring tens of millions of dollars into Trump coffers once he became the Republican nominee and then the president? Nothing suspicious here: Please move along.
And neither Trump nor his team have been shy about promoting the brand, mentioning his private businesses at least 35 times during his first year in office, according to CREW, giving new meaning to the concept of earned media. Overall, the report found, political groups spent more than $1.2 million at Trump properties during his first year in office, after never having spent more than $100,000 "in any given year going back to at least 2002." Norm Eisen, the former Obama administration ethics czar who now chairs CREW noted in a tweet on Friday .. https://twitter.com/NormEisen/status/969550020600061952 .. that the group's report had described Trump's as "the most unethical presidency" and added: "Year two has been even worse—& it's just getting started." [
PHOTOS: The Big Picture – February 2018 ]
None of this is normal.
Without precedent in U.S. history we have a president who sees profit as the natural and immediate spoils of office. Not only have Trump's predecessors ordinarily divested and disclosed, but the Founding Fathers wrote protections into the Constitution in the form of emoluments clauses making it illegal for the president to receive gifts from foreign governments or, domestically, from the federal and state governments. Trump faces several lawsuits arguing that he is violating these clauses through his businesses. One was thrown out in December but others endure and may be gaining traction.
And who is footing the bill for the lawyers defending Trump's ability to turn a buck (or millions of them) off of his office? Why the U.S. taxpayers are. Of course.
He profits every time he spends time at any one of his “resorts”. We pay for rooms and meals for Secret Service and other members of his entourage. We do this for every president. The difference is since Trump owns the places that are providing the meals and the rooms, he makes money every time he spends time at one of his places. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146155399
I have yet to see anyone try to claim that his profiting from having visiting foreign dignitaries and saudi crook shere on official business stay at his flophouse in DC is not a violation of the emoluments clause of the constitution. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146155394
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