Trump making money on presidency

trump making money on presidency

President Donald Trump’s use of his public office to enrich himself has reached a new low. Hosting the summit at Doral would compel the federal government to makjng money at the resort and could potentially require foreign governments to do the. This is Trump’s latest scheme to profit off of his time in public office. It meant that countless decisions he would mlney as president would have the potential to be influenced by his own financial interests. First, he frequently uses his office in a way that directly benefits his businesses by using his platform to advertise Trump properties. The promotion is more than just talk.

Site Index

There is no evidence that Trump lost billions since he became president. Unlike other recent U. On Monday, Trump expressed annoyance at having to reverse his decision to stage the Group of Seven summit in June at his Trump National Doral golf resort in the Miami area. His plan to have the event at Doral drew sharp criticism from both Republicans and Democrats who said it gave the impression that he was profiting from being president. Constitution that says presidents and lawmakers may not profit from their offices. Critics frequently accuse Trump of violating the emoluments clause. The president ran a string of resorts around the world before being elected president. His children have largely taken over running the family business, but he has not given up ownership. Trump had said he would have held the G7 summit at Doral without cost to U. The Republican president faces criticism and a number of congressional investigations over his finances and potential conflicts of interest stemming from his real estate business and an impeachment inquiry into accusations that he pursued political interests in his dealings with Ukraine.

Among President Trump’s parting words as the G-7 closed were where the summit should be held next year. It is the U. In fact We haven’t found anything that could even come close to competing it. That is prompting fresh questions about the relationship between Trump properties and the Trump presidency, questions we’re going to put next to David Fahrenthold of The Washington Post. Is that legal? Well, it’s clear that he’s going to do it. There seems to be nobody in the White House who’s going to stop him. The question of whether it’s legal is more complicated. Obviously, the Constitution says that presidents can’t take payments from foreign governments. But Trump has basically ignored that rule and continued to do business with foreign governments and nobody’s succeeded in stopping him.

Abusing office, breaking promises

UPDATE: A federal appeals court panel on July 10, , ordered the dismissal of a lawsuit claiming President Trump has violated the Constitution by collecting profits from government guests at his Washington hotel. The Constitution prohibits the president from accepting payments from foreign and domestic governments. President Trump owns hotels and other properties that are frequented by foreign and domestic government officials. These facts, claim plaintiffs in two lawsuits that have cleared several hurdles, add up to repeated and multiple violations of the Constitution by the president. Yes, days before his inauguration, Mr. Trump resigned his role and turned over management of the Trump Organization to his two eldest sons and a longtime company executive through a trust. Past presidents have used a blind trust, in which an independent trustee reported to them on the value of the trust but not what was in it. But Mr. He remains its sole beneficiary.

2. Trump campaign events at Trump properties.

That means limiting access of lobbyists, curbing deals with foreign governments, and refusing to profit off the White House. Well, that never happened. In fact, since Trump got to D. Call it Swamp 2. Swamp on Steroids. Since the president continues profiting from his businesses, each of the days Trump spent at his properties in was a marketing event. Likewise, every time someone stays at the Old Post Office in D. But these are just a few examples of Trump and family monetizing the presidency. According to financial disclosures, Trump hotel revenue soared over the past few years. These extraordinary numbers appear easy to explain. Right here is an example why U. Since Trump still holds these properties, he and his family make bonus money every time he holds a fundraiser. This one was straightforward. After the election, Trump signaled he would spend a great deal of time at his Mar-a-Lago resort in Florida.

Trump’s corruption now includes more than 2,300 conflicts of interest that benefit his finances, break his promises and violate the Constitution.

.


trump making money on presidency

.

1. Trump’s hotels

.

Comments