501 Days in Swampland
A constant drip of self-dealing. And this is just what we know so far …
By Joy Crane and Nick Tabor
Introduction by David Cay Johnston
More than at any time in history, the president of the United States is actively using the power and prestige of his office to line his own pockets: landing loans for his businesses, steering wealthy buyers to his condos, securing cheap foreign labor for his resorts, preserving federal subsidies for his housing projects, easing regulations on his golf courses, licensing his name to overseas projects, even peddling coffee mugs and shot glasses bearing the presidential seal. For Trump, whose business revolves around the marketability of his name, there has proved to be no public policy too big, and no private opportunity too crass, to exploit for personal profit.
Nowhere has the self-enrichment been more evident than at his Washington hotel, which quickly filled up with the very lobbyists and swamp creatures Trump had railed against during his campaign. Oil companies, mining interests, insurance executives, foreign diplomats, and defense contractors all rushed to book their annual conferences at Trump’s hotels and resorts, where Cabinet members graciously addressed them. After hiking the nightly rate to $653 — 32 percent higher than other local luxury hotels — Trump collected $2 million in profits from the property during his first three months in office. By last August, the hotel’s bar and restaurant had hauled in another $8 million in revenue. And although Trump has pledged to give away any money his hotels earn from foreign governments, the plan contains a lucrative loophole: Employees at his hotels admit that they make no effort to identify guests who represent other countries, meaning that much of the foreign money spent at Trump’s properties flows directly into his own pockets. On March 28, a federal judge allowed a lawsuit to go forward that charges Trump with violating the Constitution by accepting money from foreign governments at his D.C. hotel.
http://nymag.com/daily/intelligencer/2018/04/trump-and-co-are-stealing-america-blind-timeline.html
A constant drip of self-dealing. And this is just what we know so far …
By Joy Crane and Nick Tabor
Introduction by David Cay Johnston
More than at any time in history, the president of the United States is actively using the power and prestige of his office to line his own pockets: landing loans for his businesses, steering wealthy buyers to his condos, securing cheap foreign labor for his resorts, preserving federal subsidies for his housing projects, easing regulations on his golf courses, licensing his name to overseas projects, even peddling coffee mugs and shot glasses bearing the presidential seal. For Trump, whose business revolves around the marketability of his name, there has proved to be no public policy too big, and no private opportunity too crass, to exploit for personal profit.
Nowhere has the self-enrichment been more evident than at his Washington hotel, which quickly filled up with the very lobbyists and swamp creatures Trump had railed against during his campaign. Oil companies, mining interests, insurance executives, foreign diplomats, and defense contractors all rushed to book their annual conferences at Trump’s hotels and resorts, where Cabinet members graciously addressed them. After hiking the nightly rate to $653 — 32 percent higher than other local luxury hotels — Trump collected $2 million in profits from the property during his first three months in office. By last August, the hotel’s bar and restaurant had hauled in another $8 million in revenue. And although Trump has pledged to give away any money his hotels earn from foreign governments, the plan contains a lucrative loophole: Employees at his hotels admit that they make no effort to identify guests who represent other countries, meaning that much of the foreign money spent at Trump’s properties flows directly into his own pockets. On March 28, a federal judge allowed a lawsuit to go forward that charges Trump with violating the Constitution by accepting money from foreign governments at his D.C. hotel.
http://nymag.com/daily/intelligencer/2018/04/trump-and-co-are-stealing-america-blind-timeline.html