Trump Organization, Written Out of U.S. Bailout, Taps Europe Aid

[highplainsdem]

Source: Bloomberg

The Trump Organization is seeking U.K. and Irish bailout money to help cover wages for bartenders, bagpipers and other employees furloughed from its European golf properties because of the coronavirus lockdown.

Overseas businesses owned by U.S. President Donald Trump can tap government funds meant to help retain workers. In the U.S., by contrast, they’re specifically written out of the enormous U.S. economic relief package. The result is a potentially stark gap between how workers in different countries may weather the crisis, even within the same global operation.

In the U.K. and Ireland, where Trump owns three money-losing golf resorts, companies can tap enough government cash to pay most of their workers’ salaries. It’s unclear whether the Trump Organization is paying the balance of the salaries for furloughed workers.

In the U.S., roughly 2,000 employees dismissed from Trump golf courses and hotels will have to line up with millions of others to apply for unemployment payments.

-snip-

Read more: https://www.bloomberg.com/news/articles/2020-04-22/trump-organization-written-out-of-u-s-bailout-taps-europe-aid

[FailureToCommunicate]

1. Gotta feel bad for the low wage Trump Org workers, but not for the piggies at the top.

[Me.]

2. No Shame

[Mr.Bill]

3. I don't believe for one minute

that he hasn't managed to steal a huge amount of the US bailout money.

[Marie Marie]

5. Exactly. He will steal enough from the bailout for his US businesses to more than make up for this.

[NCjack]

6. He is (rather, claims to be) super rich. Let him mortgage some of

properties to get the money for his people. If he is really under water, then he should show us his financial and tax returns. then, we can help his employees.

[Bayard]

7. Bagpipers...

Now there's an essential job.