Monday, March 9, 2020

Trump's pocket-lining goes on despite stock drops and pandemics

On the night of 12 February, a group backing Donald Trump’s re-election hosted a glitzy gala for large donors at the Trump International hotel that featured the president.

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The Super Pac, which has raised almost $48m since 2017, has spent over $540,000 to host events at Trump’s hotel, making it a top source of campaign revenues for the hotel and the Trump family business.

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Meanwhile, in mid-December, some mega-donors rented pricey rooms at the hotel for a two-day event hosted by Trump Victory, a fundraising committee for the president’s 2020 campaign, which also drew Trump and the vice-president, Mike Pence. The hotel also seems to have capitalized with high rates: the cheapest rooms on Saturday 14 December during the two-day meeting went for a whopping $6,719 compared with the usual rate of $500, according to the watchdog group Crew.

  Guardian
Grifters gonna grift.
Trump’s aggressive fundraising gives a nice boost to his real estate empire – which he never divested from – according to campaign watchdogs and public records. Trump’s businesses are literally making money off the 2020 campaign.

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According to the nonpartisan Center for Responsive Politics (CRP), Trump-allied political committees and the Republican party have spent a whopping $18.1m at Trump properties since he launched his 2016 campaign. Republican candidates, elected officials and Pacs have ponied up another $1.2m in the same period.

[...]

Other Trump properties have witnessed more big donor traffic – with potential upticks in their revenues – as Trump seeks a second term. On 17 January, dozens of top Trump backers who had kicked in between $100,000 and $250,000 to help Trump win in 2020 showed up at Trump’s palatial Mar-a-Lago resort, where his 2020 campaign hosted a dinner with the president that also included policy roundtable talks and photo ops.

[...]

Trump properties have also seen a nice boomlet as committees linked to key congressional allies, such as the Republican House minority leader, Kevin McCarthy, have also spent big bucks to haul in campaign loot.

McCarthy, for instance, teamed up with Pence to host a big fundraiser for their Protect the House Pac at the Trump hotel last October, which drew Trump as a guest speaker and pulled in about $13m, according to public records.

Other McCarthy committees to benefit House members organized two bashes at the hotel in 2018. Altogether these events have generated over $200,000 in revenues for Trump’s hotel, campaign reports show.

Likewise, the Senate majority leader, Mitch McConnell, hosted a big-money bash at Trump’s hotel last fall for his Senate Leadership Fund, an event Trump attended too.
There ought to be a law. Oh, wait. There is: emoluments clause. But, as we've seen time and again, Trump is above the law.

...but hey, do what you want...you will anyway.

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