Since even before the inauguration, President Donald Trump and his family have been exploiting their prominent positions to enrich themselves and funnel as much money they can into their pockets as possible. While Trump ostensibly has “divested” himself of his businesses, his sons still control them — and the President’s use of the Trump Hotel in Washington D.C. for fundraisers makes it clear what he’s really trying to do.
But one major part of the Trump Organizations’ plan to profit off the presidency has been put on hold because of the issues Trump is facing in the Oval Office — or so say his sons.
The president’s sons announced quietly today that the Trump Organization’s plan to expand into two new hotel chains, called “Scion” and “American Idea,” was being indefinitely put on hold because of — wait for it — all the “presidential harassment” from Democrats.
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“We live in a climate where everything will be used against us, whether by the fake news or by Democrats who are only interested in presidential harassment and wasting everyone’s time, barraging us with nonsense letters,” whined Eric Trump to the New York Times. “We already have the greatest properties in the world and if we have to slow down our growth for the time being, we are happy to do it” he continued, no doubt sending his investors into a tizzy of frustration.
What this actually means is the cancellation of just one hotel deal in Mississippi for a building already under construction, though just two years ago the boys were bragging about having as many as thirty “deals” on deck.
It would appear that the Trump team is intimidated by the subpoena-happy Democrats who now control the House’s investigative apparatus and don’t want to go provoking any uncomfortable questions, especially as former Trump Organization vice-president Michael Cohen heads off to prison.
That’s on top of all the public pressure for municipalities to reject deals with the Trump organization in protest of the president’s despicable actions, like the protests that led to the 2017 cancellation of a hotel deal in Dallas.
It’s supremely ironic that the presidency is not turning out to be producing the windfall of profits that the Trump team thought it would — the very opposite, in fact. “I lost massive amounts of money doing this job. This is one of the great losers of all time” groused the president in a recent Times interview.
We’re sure all the people who had to take out high-interest pay-day loans during the recent government shutdown are feeling very sorry for him right now.