So Trump’s financial disclosure statements show he made something like $2 billion last year while most Americans suffered financially. And if this were any other POTUS, or at least a Democratic one, this would be a massive scandal. But it’s Trump, so … NBC News:
The figures from 2025 — the first year of Trump’s second term — were disclosed to the U.S. Office of Government Ethics in a 927-page document. By comparison, President Barack Obama’s final disclosure form was eight pages, while President Joe Biden’s was 11. Vice President JD Vance’s form for last year is 17 pages.
I understand the biggest source of income for Trump is in crypto. But as I understand it, he’s not making money from investing in crypto but in selling it. The people buying the stuff from Trump are losing their shirts, apparently. Associated Press:
Trump got more than $500 million from his World Liberty Financial business selling “governance tokens” and “stablecoins” and other crypto assets. Another crypto business, CIC Digital LLC, took in more than $600 million from sales of souvenir-type “meme” coins stamped with his face.
Both the tokens and the meme coins have plunged in value since his sales, partly because they are so difficult to value. Governance tokens, for instance, confer to holders only the power to vote on certain management policies at a company, not equity stakes, and so typical valuation measures don’t apply.
I don’t understand any of this, and I doubt many of the people who bought this stuff understood it either. More from the AP:
He took in tens of millions from new property holdings in foreign countries eager to please a man with power over where to deploy the U.S. military and how much to charge in tariffs. And he got tens of million more suing media companies worried they could lose their broadcast licenses or not get deals approved by his regulators.
Ever the salesman, Trump even made big money off the smallest of things, pulling in millions by slapping his name on Bibles, guitars and watches — the latter alone bringing in $4.7 million.
Has any president ever directly profited from selling his personal branded merch while in the White House? Not that I can remember.
Profits at Trump’s golf courses and other properties also are up, I understand. And he’s made some money in the stock market, sometimes putting money into businesses that were subject to his regulation decisions.
See the New York Times, The Key Ways Trump’s Financial Interests Intersect With Government Policy. It begins,
When President Trump’s annual financial disclosure was released on Tuesday, it showed that he reaped at least $2.2 billion from his various businesses last year, a singular haul for a president. Many of the gains stemmed from ventures that intersect with his administration, posing unparalleled potential conflicts of interest.
And here’s just one example:
The Trump Organization has announced new international deals in Qatar and Saudi Arabia, licensing the family name in exchange for payments from government-backed developments. Both countries are key U.S. allies in a region that has been upended by the war with Iran. Last year, Qatar gave the U.S. a Boeing plane that Trump began using this week as Air Force One.
The earnings were $14 million for these new deals and a total of at least $37 million from all the Middle East deals.
But there’s so much more. It’s a gift link, so do read it all.
And then there’s Trump’s badly flopping 250th Anniversary observance. Today Democrats on the House Natural Resources Committee accused Trump and his cronies of misleading donors. If you hadn’t figured it out already, there are two organizations competing for donations and attention that had planned to put on celebrations. One is America 250, which was established by Congress a decade ago to plan nonpartisan celebrations nationwide. The other is Freedom 250, being run out of the White House, which is putting on the stupid “Great American State Fair” on the National Mall, the concert series that was canceled because all the acts bailed out, and that garish UFC match at the White House.
I understand that a lot of the money that had been allocated for America 250 was cut by DOGE last year, so a great many plans for local celebrations around the country had to be scaled back. And some was “redirected” by Trump toward his own projects. But the Democrats documented that a lot of people who had planned to give money to America250 were tricked into giving it to Freedom 250. WaPo:
Some donors who intended to give money to a bipartisan effort to celebrate the nation’s 250th anniversary were, instead, steered to a White House-backed initiative under false pretenses, House Democrats allege in a report released Thursday morning, citing whistleblower interviews and newly obtained documents.
The donors meant to give money to America250, a congressionally chartered initiative to celebrate the nation’s semiquincentennial, according to Democrats on the House Natural Resources Committee. They instead were given routing and account numbers that directed their funds to Freedom 250, which President Donald Trump established last year to organize anniversary events, the report says.
Trump is planning a big whoop-dee-doo this Saturday, the 4th. But the weather service is saying the day could be the hottest in recorded history for the D.C. area, which is bound to keep the crowds away. I was in D.C. on a 4th of July many years ago, and it was seriously hot then but nothing like what it’s going to be on Saturday. Heh.
Quote of the Day:
"On July 4, it's going to be approximately 107 degrees out. And I'm gonna go and I'm gonna make a really long speech, just to show I can do anything."
Hey, if the morbidly obese octogenarian with publicly-admitted circulation problems–the guy who was examined by 22 specialists at his fourth "routine" checkup in ~18 months–wants to spend hours outdoors in DC heat and humidity ranting, I say: go for it!
Glad to see the focus on Trump's obvious massive corruption & greed.
IMO, if Democrats had impeached Trump for "Emoluments Clause" stuff during his first admin, he wouldn't be in office now. They probably could have gotten enough GOP votes in Senate & House to actually throw Trump out; most of them would have been glad to see Pence take over. And even if they didn't, exposing Trump's corruption would have changed a lot more voters' minds than Schiff's Russia Russia Russia impeachment did.
Oh, I doubt it would have made any difference. There were plenty of Republicans who had good reason to disagree with Trump’s refusing to send arms to Ukraine that Congress had allocated, and even more who were really disturbed by January 6. A small majority of senators voted to convict in both Senate trials, just not a big enough majority. It takes a two-thirds vote. Republicans were too afraid of him, and his supporters, to convict. The offense and the evidence didn’t matter.
Donald Trump has used the presidency to enrich himself and his family.
Also, water is wet,
What's interesting is how out-in-the-open it is, I gather, in financial disclosure forms. I'm guessing that there is/was no way to conceal or deny if and failure to do the forms would have been a violation of the law which could have tripped Trump up later. He's no historian but I bet he knows how they got Al Capone.
The question is how it will play in the US heartland. Trump says he's not collecting a salary as POTUS. (I doubt that.) But farmers are struggling. Prices are up – markets are gone. Some willl go under. To find out Trump has doubled his net worth while pursuing policies and a war that ruined his core supporters will hurt.
Germans and Germany are not supporters of Hitler. (There are a few, but not many.) It wasn't the fall of Germany that turned them – it was the truth about the camps. Will it finally happen that the evidence of Trump's greed and corruption will turn many conservatives from fascism? I don't know, but it has happened before.
The flip side of that coin may be the rise of Democratic Socialists. The most recent election proves that the phenomenon is not limited to NYC. I don't care for the label but the philosophy is sound.
Change is the only constant in the universe. Things are changing.
BREAKING NEWS: Chuck Schumer Helps Pull Democrats Back From Brink Of Courage
https://shorturl.at/JSRA0
More details coming. This is worth following
He's up for re-election in 2028.
Cartoon from the New Yorker – "It feels wrong to celebrate America's birthday while it's on life support"
Musings about the rising and falling of the U.S. Empire are apt on this occasion. The area I reside in was not a part of that Empire 250 years ago as is most of the current Empire by my understanding.
There were human inhabitants in the area and had been for eons. They shared the area with another large mammal called the buffalo. Much has changed under the Empires rule for both mammals, and neither are extinct. One got pretty close though.
The NYT does a piece today comparing the U.S. empire to the Roman One. Ponder this quote from it if you like:
Yes, just imagine it. Asea in a vast ocean of that which is not true. A common bad omen of both Empires. Our present peril mirrored by the past.
Opinion | Mary Beard Looks at Trump and Sees Roman Emperors – The New York Times