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Thu Jun 14, 2018, 03:19 AM

Now we know the outrageous scale of the Trumps' White House dividend


Now we know the outrageous scale of the Trumpsí White House dividend


Wed 13 Jun 2018 18.59 BST

Iím feeling nostalgic for Hillaryís Goldman Sachs speaking fees. Remember when we got our ethical knickers in a twist over Clintonís $225,000 (£170,000) Wall Street speeches? Those worries seem positively quaint when compared with whatís happening now. At least Bill and Hillary put off their offensive buckraking until after they had left public office. The Trump family shows no such restraint. Why wait? Donald, Ivanka and Jared are getting theirs while serving in the White House. And, as with much scandalous behaviour in Washington these days, they insist their behaviour is perfectly acceptable.

All three are still connected to the highly profitable companies they operated in New York before Trumpís election in 2016. Since their arrival in Washington, the president and Javanka have been reaping profits from the various family businesses in tandem with their public service, while cynically pretending they have suspended their wheeling and dealing. But the president still monitors who stays at the Trump International Hotel down the street from the White House; Ivanka is still winning trademarks for her clothing line in the notoriously difficult to penetrate Chinese market; and Jared Kushner took in more money from his family real estate empire in 2017, the first year of the Trump administration, than he did the previous year.

This week, Kushnerís new financial disclosure records were released, showing the considerable rise in his assets. Their value ranged between $179m and $735m, up from a range of $137m to $609m the previous year. (White House officials are required to report their assets in broad ranges). For Jared, it was a very good year, indeed.

Just last month came the happy news that Ivankaís brand had won seven additional Chinese patents for items ranging from cushions to books. The new patents were issued at the same time that her father vowed to save ZTE, a major Chinese telecommunications company, from going bust Ė a rare and surprising move for a president who is a foreign trade hardliner. The New York Times noted: ďEven as Mr Trump contends with Beijing on issues like security and trade, his family and the company that bears his name are trying to make money off their brand in Chinaís flush and potentially promising market.Ē

Then there is the president himself. His Trump International Hotel is doing brisk business, its lobby always full of White House favour-seekers, its pricey rooms often filled with industry executives and lobbyists. The hotel is siphoning business from other local hotels and convention centres, according to the District of Columbia and the state of Maryland, which have both filed lawsuits. They charge that Trumpís profits from the hotel violate the US constitutionís anti-corruption clauses. The Justice department, unsurprisingly, has defended the presidentís continuing role as a hotelier, but a federal judge on Monday sharply criticised the departmentís legal reasoning. The case is probably heading for the US supreme court.

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Reply Now we know the outrageous scale of the Trumps' White House dividend (Original post)
nitpicker Jun 2018 OP
Scarsdale Jun 2018 #1

Response to nitpicker (Original post)

Thu Jun 14, 2018, 06:28 AM

1. The presidency

is the very best money making gig the tRump family has EVER had. He will fight to keep the position for as long as possible. The grifting family is just as sleazy as they have ever been, with much larger payoffs now. Having the gop cover for them is a bonus. Imagine a democratic president trying even a fraction of these scams? IMPEACH would be the word shouted at every turn. The tRump crime family is making money, while depleting the treasury for travel expenses, and SS protection.

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