Sleazy Don Jr. Whines About Cost of Presidency – As His Family Cashes In
The President Son is Spinning A Curious Tale
Donald Trump Jr. has a sad story to tell anyone who has the gall to accuse his family of profiteering off of the White House: the Trumps are actually losing money.
Donald Trump is not the first businessman to get elected to the Oval Office, but he may be the first one to not divest himself of his business dealings. As the owner and former President of The Trump Organization, he has spent most of his life with a global conglomerate that does commerce with both domestic and international entities.
Though he claimed to have divested himself of all duties related to the Trump Organization, plenty of evidence suggests otherwise. From his refusal release his tax returns, to his constant finance talk with his sons, who serve as the Executive Director and Executive Vice President of The Trump Organization, and even his many, many trips to Trump golf courses and properties, where he mingles with customers – including those who might be there to get access to the President, or may be spending money there as a back-door bribe.
As USA Today’s Nick Penzenstadler reported back in January 2018, Trump has continued to make millions of dollars off of real estate deals. That’s not even taking into consideration the money he continues to make from the Mar-a-Lago Club, or his hotels, including the Trump hotel in Washington, DC – frequented by “diplomats” (aka, foreign agents), and lobbyists. Yet apparently the power of the Presidency is nothing since, according to Donald Jr., his family has actually suffered high opportunity costs:
It’s sort of a shame. Because we put on all these impositions on ourselves and essentially got no credit for actually doing that … for doing the right thing.”
Opportunity cost refers to the loss one takes when they decide to go with a less beneficial option. In Don Jr.’s case, he saying that the White House has prevented the Trumps’ from pursuing more pristine business deals that they would have had access to were they not in the Oval Office.
To be fair, this could very well be true. However, considering Trump’s notorious knack for bankruptcy, it is highly unlikely that he has lost more credibility in his industry. The Oval Office has also offered new opportunities. Consider, for a second, the Tax Cuts and Jobs Act of 2017. One could argue its passing was a form of business given the large tax breaks it gave to the richest one percent: something Trump would not have been able to do without the presidency.
This is all a problem because of the Emoluments Clause in the United States Constitution that prevent the President from gaining money outside of their appropriated salary. Let us hope the watchdog group Citizens for Responsibility and Ethics in Washington (CREW) that is suing Trump over this is able to get their lawsuit successfully appealed.
Featured image by Chip Somodevilla/Getty Images.
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