President Trump’s approval
rating falls again. Soon it will be
lower than Trump University graduates’ success rate.
The number of potential conflicts of
interest that entangles this president is astonishing. Here are just a small fraction of the issues:
Instead of
putting his assets into a real blind trust with the trustees having no
financial relationship to him, as former presidents did, Trump turned his
company over to his 3 children.
Rudy Giuliani
said using a blind trust would put his children out of work. No problem there – he’ll just hire them.
Anyone
wishing to influence U.S. government policy can now do so indirectly by
benefitting Trump holdings.
The
National Labor Relations Board enforces labor laws. Since Trump properties have ongoing fights
with labor unions, and the Board has previously ruled against him, he could reverse
this because he appoints all 5 board members.
Foreign
support seekers could show their appreciation for any help Trump could give by
staying at the Washington, D.C. Trump International Hotel, at up to $20,000 a
night.
He has
business deals with foreign governments and individuals and 100 companies in 18
countries. Helping them could help him.
An
anti-nepotism law was passed in 1967, and yet Ivanka and Jared play major
administration roles.
He owes
hundreds of millions of dollars to foreign financial interests – including the
Bank of China and DeutscheBank, which could influence U.S. economic policy.
He owns a
vineyard that hires foreign workers.
He has said
that “his brand is hotter than ever.”
He has said
that the President is allowed to have whatever conflicts of interest he
wants. This actually is true, but other
presidents in modern times acted as if the law did apply to them.
With his
business interests spanning the globe, he can be influenced by allies,
dictatorships and anti-American interests.
The Office
of Government Ethics says he has not solved the problem of his conflicts of interest.
Because he
needs real estate loans, he needs easy money from banks. This is the reason he wants to dismantle
Dodd-Franks.
It is painfully evident that the
President is in it for one thing – enriching himself.