Will Trump Resolve His Business Conflicts Before His Inauguration? Doubtful.

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“I don’t care about hotel occupancy” President-elect Trump told Leslie Stahl of “60 Minutes” a few weeks ago. “It’s peanuts compared to what we’re doing.” That was the second time Trump tried to dismiss questions about possible conflicts of interest stemming from refusing to sell of his business holdings while president. The first time was during the very first GOP debate hosted by Fox “news”, where he was asked if he would liquidate his business and put his holdings in a blind trust to ensure there would be no conflict of interests. The problem is, despite repeatedly dismissing the importance of his business to him, it is becoming quite clear that he has no interest in liquidating his empire. And that’s because it IS important to him. All the more reason why he must sell it all off… which he’ll never do.

Incredibly, during that debate, Trump clearly didn’t understand what a “blind trust” is, saying:
 

“I’ll turn everything over to Ivanka & my kids. Is that a conflict of interests? I don’t know.”

 

YES! Yes you idiot! Of COURSE that’s a conflict of interests! How does a corporate mogul, worth just over $3-Billion dollars (not ten) who ran on his “business prowess” NOT know what a “conflict of interest” is??? The issue isn’t WHO controls your money (though even if you thought that, how do you conclude that putting your business in the hands of your own family, and profiting off those interests, to be a “blind trust”?), it’s whether you know WHERE your money’s invested! If you still know where the money is, it’s not “blind” at all! As long as there is a danger of you setting national policy according to what personally profits YOU (or your family) OR if there’s a danger someone might try to curry favor with you by appealing to your business interests, THAT (by definition) is a “conflict of interests.”

And regarding his Net Worth: All thru the campaign, Trump insisted he was worth “Ten Billion dollars”, yet repeatedly refused to release his taxes to prove it. And as a Bloomberg investigation revealed [ibid], while Trump has ASSETS in excess of $3-billion, he is actually deep in debt, with roughly $170-Million in liquid assets (cash, stocks, etc), yet owing “over $630-Million” to creditors (nearly double what he owed the year before.) According to “Fox Business” last month, Trump’s credit score (on a scale of 1 to 100) is a whopping NINETEEN (19). Anyone so deep in debt is a ripe target for financial manipulation (and therefore a threat to the interests of the United States.)

The good news (for him) is that he can easily solve BOTH problems by simply selling off his business empire. Eliminate any CoI’s, while simultaneously paying off his massive debt.

For example: the head of the Federal Reserve is not permitted to put his/her money in ANY kind of “interest bearing” bank account. And that is because they set Federal Interest rates, and we can’t have the Chairman of the Federal Reserve setting interest rates according to what might personally benefit them. I’m not even sure they can invest their savings in the stock market because raising/lowering interest rates tends to influence the stock market too. So, because of this, the Chairman of the Fed is well paid to compensate them for not being allowed to invest their money.

The same philosophy applies to members of Congress, Supreme Court justices, and all other government officials. But not to the president or vice president.

Just last Wednesday, in an statement eerily reminiscent of Richard Nixon’s “When the president does it, that means it is not illegal” comment, Trump cited a legal loophole exempting the President & Vice President from “conflict of interest laws”, stating “the president can’t have a conflict of interest.” “In theory I could run my business perfectly and then run the country perfectly” without running afoul of the law. This isn’t exactly true.

Article 1, Section 9, Clause 8 of the Constitution created “The Emoluments Clause” forbidding the president, “without the Consent of the Congress, [to] accept… any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign [head of] State.” And the Founders reasoning for this is clear: they didn’t want the president of the United States feeling obligated towards anyone for fear of him putting his own interests ahead of those of the country. Personally, I think the “foreign” dignitary loophole is a problem too. Is there any question Trump might be willing to push for a government project that benefits his personal friends? That “one trillion dollars” he claims to be willing to spend on “infrastructure”? Who gets those contracts when when you have a president who made his fortune in “construction”? His personal friends in the construction industry? And if a member of Congress doesn’t want a highway redirected past one of Trump’s hotels, who gets a phone call the next day telling him to “rethink” his opposition?

Of course, with a GOP Congress, they’ll never complain about a Republican president accepting anything others might consider a potential conflict of interests. As long as they remain in charge, he can enjoy whatever conflicts he wants. “Myself, my staff, and our entire delegation stayed in your wonderful hotel Mr. President. Now, let’s talk about that golf course you want to build in our country while we discuss that Trade Deal.”

Even SELLING his assets at this point is a potential conflict of interests if he knows WHO he’s selling to, because the buyer may overpay whatever the asset is worth to gain his favor. Trump would need a third party to liquidate every business he owns in every country he has assets in to ensure no one can manipulate him by holding his business interests hostage.

Just over a week ago, the president-elect met with three business partners from India in his office in Trump Tower. He is currently in development to build a luxury hotel in Pune, India with them. What kind of power does this give Trump’s business partners over the Indian government if they know the man in the White House is a personal friend of theirs?

The day after winning the presidency, Turkish President Erdogan called Donald Trump to congratulate him on his victory. During that call, Trump reportedly discussed a Turkish business partner of his that is licensing the Trump name to build a luxury hotel in Istanbul. So now Erdogan knows he can please the President of the United States by doing favors for someone in the president’s debt (literally).

The Donald keeps insisting that members of his family be present during high level meetings. Completely unacceptable, yet understandable once you realize what extraordinary trust issues Trump has, trusting no one but his own children to look after him (and his business interests.) And the one person he trusts most to look out for him most of all is his daughter Ivanka. So when the Japanese Prime Minister Shinzo Abe was the first foreign leader to personally meet with the President-Elect a few weeks ago in New York, Ivanka and her husband Jared Kushner… neither of whom with any security clearance… were in attendance. The problem is, (besides the whole “security” thing) Ivanka also serves as vice president for development and acquisitions at the Trump Organization, and owns her own jewelry line, Ivanka Trump Fine Jewelry, which sells to a global market that includes Japan. This could conceivably give Trump’s business interests and those of his kids an unfair advantage competing in global markets.

When Argentine President Mauricio Macri called to congratulate Trump on his election victory, one Argentinian reporter claims Trump asked for help with permits for an office tower that bears his name being built in that country. Both Macri, Trump, and their mutual staffs all deny the subject ever came up during the call (natch), which would be an extraordinary and unprecedented conflict of interests if he did.

Before he announced he was running for president, Trump was furious over a plan to construct a series of off-shore wind turbines spoiling the view of his golf course in Aberdeenshire, Scotland, taking the Swedish company contracted to construct the turbines to court to stall if not stop the project entirely. But in June, the Swedish company announced its plan to proceed with the project anyway. So four days after winning the election, Trump contacted British MP Nigel Farage… a fellow far-Right xenophobe that campaigned with Trump… and “urged him and his fellow members of the European Parliament” to “oppose [all] off-shore wind farms.” Two other far-Right British corporate executives in attendance vowed to “[campaign] against wind farms in England, Scotland, and Wales.” So now, Trump’s business interests are dictating clean energy policy in other countries because it interferes with his corporate interests.

Not even president yet, Trump is already using the power of his office for personal financial gain. Cenk Uygur, host of “The Young Turks” Progressive Talk Show, was a guest on ABC’s ThisWeek yesterday and made the astute observation, “He [Trump] wasn’t worth ten-billion dollars coming into office, but he’ll be worth ten-billion dollars when he leaves.” What is to come once he’s sworn in and the reigns of power are turned over to him? Donald Trump MUST liquidate his business empire NOW. He minimalized it’s importance throughout the campaign (but only so he might downplay the need to divest himself from it), so there should be no problem giving it up. Right?

Except with that massive ego of his, giving up all those building & casinos bearing his name hoisted high in the skies over major cities around the globe is something he’ll never willingly give up without a fight… which is exactly what he’ll get.
 


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November 28, 2016 · Admin Mugsy · 2 Comments - Add
Posted in: Greed, Money, myth busting, National Security, Predictions, Right-Wing Hypocrisy, Unconstitutional

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