Forget the Big Jet and US Austerity, as the Trump Family Cashes in Big Time
Welcome to the most corrupt presidency in American history! The Tea Pot Dome scandal ain’t got nuffin’ on family Trump! First, let’s drill down on that horrible baseline for high-level corruption that happened more than a century ago: “The Teapot Dome scandal was a political corruption scandal in the United States involving the administration of President Warren G. Harding. It centered on Interior Secretary Albert B. Fall, who had leased Navy petroleum reserves at Teapot Dome in Wyoming, as well as two locations in California, to private oil companies at low rates without competitive bidding. The leases were the subject of an investigation by Senator Thomas J. Walsh. Convicted of accepting bribes from the oil companies, Fall became the first presidential cabinet member to go to prison, but no one was convicted of paying the bribes.” Wikipedia.
Oooooh, that was a despicable program of high-level corruption. What could possibly top that? Harding did not benefit from that misstep, and an unelected administration official was the true miscreant du jure. Yet every time “high-level corruption” is discussed, somehow Tea Pot Dome is always mentioned as our top-of-mind corruption standard. Seriously?! I’m not saying that Trump’s travels to his grift happy place, the monarchies of the Middle East, do not produce a few side benefits, but even those are presented with a giant attribution to the monarch in question. For example, dropping the sanctions on the new government in Syria and openly meeting with that nation’s president, Ahmed al-Sharaa (former al Qaeda operative, who once carried a $10 million US bounty), helps stabilize the region… a worthwhile experiment… but giving all the credit for that meeting to Saudi Crown Prince Mohammed bin Salman makes Trump look further beholden to the Crown Prince. So, it is worthwhile to “follow the money” for the overriding truth!
As US billionaires accompanied Trump on his recent foray to the wealthiest Middle Eastern monarchies – as Trump noted “they’ll be coming back with checks” – enjoyed their oligarch status, the big $$$ winner in those travels was the entire Trump family. Meanwhile, per the May 16th Newsweek, the “Stable Genius” has provoked Moody’s credit rating to the lowest US standing in ratings history: “Moody's Investors Service on Friday [5/26] downgraded its outlook on the U.S. credit rating from ‘stable’ to ‘negative,’ marking the final blow to America's once-unblemished credit standing among the three major ratings agencies.” But damaging the country seems to be acceptable to the President as long as Trump’s and his family’s personal wealth skyrockets. Eric Lipton, writing for the New York Times The Morning news feed on May 14th, focused on the whirling maze of recent increase in Trump family wealth: “Now that President Trump is back in office, his family is profiting from his brand: At least $2 billion has flowed to Trump companies in just the last month. The ventures include real estate, a cryptocurrency and a private club slated to open in Washington with a $500,000 membership fee. Now, Qatar may give him a new presidential airplane.
“The ethical mess is obvious. Trump is both the commander in chief and a business partner of foreign governments in Serbia, the United Arab Emirates and Oman. The White House says his sons run his companies, so there’s no conflict. Legally, that’s true… But Trump is still getting rich (or richer) from all of it. And that leaves incentives for the president to pay back his business partners with policy decisions designed to help them, which is how the law defines corruption… Through an investment firm, the United Arab Emirates put $2 billion into the Trump family’s new cryptocurrency outfit, World Liberty Financial. The company, whose leaders include Eric Trump and Donald Trump Jr., will make tens of millions of dollars per year from the investment.
From cryptocurrency (and even a Trump bitcoin meme), private dinners with “The Donald” and even White House tours for the big investors, major Middle Eastern real estate development (from resorts, golf courses to hotel and virtually entire cities) on prime land, a new golf league and “investments” from regional potentates in Trump and Trump-family ventures… by the billions, presidential grift knows no bounds.
Still safe from any obvious path to House impeachment and Senate conviction, that GOP/MAGA congressional majority in fear at the thought of doing their job and shutting Mr. Money-for-me “Donny two-doll” Trump down. Stephen Miller’s tactics of overwhelming the federal judiciary with executive orders and ethical conflicts have even softened that branch of government. The rest of the world sees it, and many rise in defiance of the arrogant bully. Our credit rating agencies, as noted above, see it… and you have to wonder why the MAGA members of Congress and the MAGA cult voters still do not. These poorer cult MAGAns are, after all, the biggest losers from Trump’s and Elon Musk’s demonic and uncaring, self-aggrandizing, policies.
I’m Peter Dekom, and the tidal wave of negativity against the United States suggests that we may have passed the point of no return… even after only a few months of Trump 2.0.