Saturday, September 04, 2021

WaPo looks at Trump cashflow - "Campaign-finance experts said the payments do not appear to be illegal. This kind of PAC has very few restrictions and no expiration date, so Trump is free to spend its money at his own properties as long as he wants. But they said Trump is continuing a practice that was a hallmark of his presidency by exploiting loose regulations — and his own supporters’ trust — to convert political donations into private revenue for himself. “He’s running a con,” said Paul S. Ryan, a campaign-finance expert at the watchdog group Common Cause. “Talking about political expenses — but, in reality, raising money for self-enrichment.” The Trump Organization did not respond to questions. A spokeswoman for Trump’s political operation, Liz Harrington, defended the spending. “We are paying market rate for leased office space used to help President Trump build a financial juggernaut to help elect America First conservatives and flip both the House and Senate to the Republicans in the midterm elections,” Harrington said."

 Trump channels chump money into his pocket.

Big news. But not enough to make the planet turn on a new axis.

Business as usual, is after all, usual.

Link. (Source of the headline quote.)