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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump's finances appear shaky, opening up more opportunities to buy presidential 'favors'
Hunter for Daily Kos
Daily Kos Staff
Saturday January 18, 2020 · 4:00 PM EST
Reporter David Fahrenthold is responsible for perhaps 80% of everything we know about Donald Trump's ongoing business operations. In a start-of-year summary of where things stand, Fahrenthold and other Washington Post reporters wrote up a terse rundown of the state of the presidential grift-o-matic; they question, among other things, whether the Trump family purging their businesses of undocumented workers (only after being caught, of course) will raise labor costs and whether the hit Donald's companies have been taking due to their association with, you know, him will compel Trump to sell off assets or take other, similarly drastic measures.
Donald Trump only months ago sincerely, truly ordered the next G7 Summit be held at one of his own golf resorts, for example, and had the White House defending that obviously crooked money grab before backing down again. He has gotten bolder in his attempts to funnel money into his properties, and his family has become less interested in keeping up pretenses of basic propriety, each year of his "term."
It's the news that Trump has begun to explore a possible half-billion dollar sale of his Washington D.C. hotel that stands out. The hotel has for three years been a hub of in-the-open petty bribery, with foreign and domestic political officials, corporate heads, and lobbying groups all booking time and rooms at the property in straightforward attempts to be seen and be noticed by the grifter in chief.
Some of the profits generated by foreign supplicants are allegedly donated away again by the hotel in an opaque and unprovable company promise to mitigate the brazen unconstitutionality of this profit-taking; all of the profits from domestic government, lobbyist, and industry groups goes to Trump and family. It has remained one of the easiest and most plausibly legal ways of buying presidential goodwill short of Mar-a-Lago membership itself, and has no doubt boosted the hotel's otherwise-disappointing performance in ways that President Me finds especially pleasing and compelling.
https://www.dailykos.com/stories/2020/1/18/1911517/-Trump-s-finances-appear-shaky-opening-up-more-opportunities-to-buy-presidential-favors
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The short version is that Trump's properties here and abroad continue to not do well, the supplications of supporters are still not nearly enough to match the damage done as the rest of the nation cringes away from them, we continue to know almost nothing about the true nature of Trump's finances but all investigation suggests he is again burdened by massive debts, and in the pressure cooker of impeachment, campaigning, and potential war the television pitchman with nuclear weapons is likely to become even more overt in squeezing whatever cash he can get from this nation, its wealthiest request-havers, and anyone else in the world needing a big government favor and willing to pay for one.
If you think the man can handle that sort of pressure without doing something astonishingly crooked and/or stupid, you haven't been paying attention.
alwaysinasnit
(5,059 posts)One of the questions I keep coming back to is - who is paying for all these personal attorneys; where is all that money coming from?
getagrip_already
(14,646 posts)He has a staff of about 50 wh lawyers who represent him in cases dragging their way through the courts.
The only personal attorneys he has don't appear to be getting paid. rudy works for free. his dream team is pro-bono. I'm not sure who is paying sekalo, but I suspect it's his campaign.
alwaysinasnit
(5,059 posts)about his tax returns and not actions taken as president). I think there are other cases that are similar as to 45's actions before his WH occupancy. These are the cases that have me baffled as to who is paying the attorneys.
getagrip_already
(14,646 posts)So it is likely wh lawyers even there.
I'm not sure about the nys case where he is being sued for libel. That should be his personal lawyers since it's a civil case, but again, he may be claiming privilege.
snowybirdie
(5,219 posts)of lawyers for the Impeachment trial have been paid up front. Not good if they walked off the Senate floor in the middle of the proceedings.
Elwood P Dowd
(11,443 posts)There is probably plenty enough dirt to keep them in line.
getagrip_already
(14,646 posts)expenses are likely being covered by his campaign or the wh.
Wellstone ruled
(34,661 posts)is being done about the Real Estate Holdings of the Trump Crime Syndicate. My guess is,it is all about access and not pissing off the King.
Gees,all on needs to do is go to the County Clerks office and read the Land Title books and pay the fees. It is all public records. Any Liens or mortgages will be noted as well as any Taxes current or in arrears.
All these facts are available electronically.
Hermit-The-Prog
(33,260 posts)keithbvadu2
(36,669 posts)Favor seekers buying blocks of rooms and never using them.
First the G7 was going to be 'at cost' but after it got rejected, it was retroactively going to be 'no charge'.
Mar-a-Lardo membership went from $100k to $200k.
How low will it go when Trump is finally out of office?
NCLefty
(3,678 posts)smirkymonkey
(63,221 posts)His crimes will catch up with him.