Republicans are ignoring the shameless self-dealing and graft of the Trump administration.
They must pay a price.
Back in early January Donald Trump gave a press conference in which he and his attorney laid out the legal framework by which Trump would be – in his words ‘turning over complete and total control’ of his businesses to his two adult sons.
Trump reveled in the breadth and complexity of his financial entanglements – boasted of having received (and declined) an offer for a $2 billion deal from a Middle Eastern real estate magnate and made clear that he was under no legal obligation to sever any business ties whatsoever.The implication was – in typical Trump fashion – unsubtle: The president-elect was selflessly making a huge sacrifice.All his investments would be placed in a trust – he would be divorced from the management of his companies and his sons would not speak to him about the business.‘I don’t have to do this’ Trump insisted.
Well it turns out he won’t be doing much of this.
Rather than being kept out of the loop Trump will receive regular updates on the Trump Organization’s profitability from his son Eric.
And as ProPublica reported this week the terms of Trump’s trust were quietly updated to allow the president to draw money from his businesses whenever he wants and with no attendant disclosure requirement.
So the president of the United States has a direct financial interest in the profitability of the company he supposedly stepped away from and a revenue stream that will likely never be made public.