President Trump's presidency has been marked by an unprecedented level of crony capitalism and profiteering, where the president is openly cashing in on his office to enrich himself and his associates. His latest move, suing the Internal Revenue Service for $10 billion over a leaked tax return, is just the latest example of this egregious behavior.
It's a stark reminder that Trump's lack of adherence to traditional norms against conflicts of interest is not only unprecedented but also seemingly deliberate. When asked about his actions, he claimed that "nobody cares" and that he's allowed to make deals because nobody was stopping him. However, this conveniently ignores the fact that there have been numerous lawsuits filed against him during his first term over his business interests, which were largely dismissed due to the Supreme Court's ruling that they were moot once Trump lost the election.
The reality is that Trump has used his presidency as a means to line his pockets and those of his associates. His administration has fast-tracked pardons for convicted felons, including the billionaire crypto mogul Changpeng Zhao, who received a pardon just weeks after being sentenced to prison. The reported deal between World Liberty Financial, a company partially owned by a Trump family entity, and the UAE's "spy sheikh" is just one example of how Trump has used his influence to enrich himself and his associates.
According to reports, the president and his family have made at least $4.05 billion in deals during his first year back in office, with most of these profits coming from crypto markets spearheaded by Eric Trump and special envoy Steve Witkoff's son Zach. The scheme has already been marred by scandals, including a reported bribe from the UAE's royal family member to secure a lucrative deal.
It's worth noting that the Republican House Oversight Committee, which has spent years investigating Biden's dealings, seems unwilling to take on Trump's cronies, with chairman James Comer stating that "the difference between the way the Trump family operates and the Biden family is they're admitting they're doing this." In other words, if it's good enough for Trump, it's suddenly okay.
The implications of this are dire. If the Republican Party and its allies continue to turn a blind eye to Trump's corruption, it sets a precedent that suggests the more brazen the corruption, the more acceptable it becomes. This is a concerning trend that threatens the very fabric of our democracy.
It's a stark reminder that Trump's lack of adherence to traditional norms against conflicts of interest is not only unprecedented but also seemingly deliberate. When asked about his actions, he claimed that "nobody cares" and that he's allowed to make deals because nobody was stopping him. However, this conveniently ignores the fact that there have been numerous lawsuits filed against him during his first term over his business interests, which were largely dismissed due to the Supreme Court's ruling that they were moot once Trump lost the election.
The reality is that Trump has used his presidency as a means to line his pockets and those of his associates. His administration has fast-tracked pardons for convicted felons, including the billionaire crypto mogul Changpeng Zhao, who received a pardon just weeks after being sentenced to prison. The reported deal between World Liberty Financial, a company partially owned by a Trump family entity, and the UAE's "spy sheikh" is just one example of how Trump has used his influence to enrich himself and his associates.
According to reports, the president and his family have made at least $4.05 billion in deals during his first year back in office, with most of these profits coming from crypto markets spearheaded by Eric Trump and special envoy Steve Witkoff's son Zach. The scheme has already been marred by scandals, including a reported bribe from the UAE's royal family member to secure a lucrative deal.
It's worth noting that the Republican House Oversight Committee, which has spent years investigating Biden's dealings, seems unwilling to take on Trump's cronies, with chairman James Comer stating that "the difference between the way the Trump family operates and the Biden family is they're admitting they're doing this." In other words, if it's good enough for Trump, it's suddenly okay.
The implications of this are dire. If the Republican Party and its allies continue to turn a blind eye to Trump's corruption, it sets a precedent that suggests the more brazen the corruption, the more acceptable it becomes. This is a concerning trend that threatens the very fabric of our democracy.