Lining his own pockets and those of the people around him with other people's money.
quote:
Donald J. Trump will exit the White House as a private citizen next month perched atop a pile of campaign cash unheard-of for an outgoing president, and with few legal limits on how he can spend it.
Deflated by a loss he has yet to acknowledge, Mr. Trump has cushioned the blow by coaxing huge sums of money from his loyal supporters — often under dubious pretenses — raising roughly $250 million since Election Day along with the national party.
More than $60 million of that sum has gone to a new political action committee, according to people familiar with the matter, which Mr. Trump will control after he leaves office. Those funds, which far exceed what previous outgoing presidents had at their disposal, provide him with tremendous flexibility for his post-presidential ambitions: He could use the money to quell rebel factions within the party, reward loyalists, fund his travels and rallies, hire staff, pay legal bills and even lay the groundwork for a far-from-certain 2024 run.
The post-election blitz of fund-raising has cemented Mr. Trump’s position as an unrivaled force and the pre-eminent fund-raiser of the Republican Party even in defeat. His largest single day for online donations actually came after Election Day — raising almost $750,000 per hour on Nov. 6. So did his second biggest day. And his third.
“Right now, he is the Republican Party,” said John McLaughlin, a Republican pollster who worked on Mr. Trump’s re-election campaign. “The party knows that virtually every dollar they’ve raised in the last four years, it’s because of Donald Trump.”
Mr. Trump has long acted with few inhibitions when it comes to spending other people’s money, and he has spent millions of campaign dollars on his own family businesses in the last five years. But new records show an even more intricate intermingling of Mr. Trump’s political and familial interests than was previously known.
Lara Trump, Mr. Trump’s daughter-in-law and a senior campaign adviser, served on the board — and was named on drafts of the incorporation papers — of a limited liability company through which the Trump political operation spent more than $700 million since 2019, according to documents reviewed by The New York Times.
The arrangement has never been disclosed. One of the other board members and signatories in the draft papers of the L.L.C., American Made Media Consultants, was John Pence, the nephew of Vice President Mike Pence and a senior Trump adviser. The L.L.C. has been criticized for purposefully obscuring the ultimate destination of hundreds of millions of dollars of spending.
Ms. Trump and Mr. Pence were originally listed as president and vice president on the incorporation papers, the documents showed. Sean Dollman, the campaign chief financial officer, was the A.M.M.C. treasurer.
“Lara Trump and John Pence resigned from the AMMC board in October 2019 to focus solely on their campaign activities, however, there was never any ethical or legal reason why they could not serve on the board in the first place,” said Tim Murtaugh, a spokesman for Mr. Trump. “John and Lara were not compensated by AMMC for their service as board members.” Mr. Murtaugh also said Ms. Trump and Mr. Pence were not compensated for other positions they were listed as holding.
For Mr. Trump, the quarter-billion dollars he and the party raised over six weeks is enough to pay off all of his remaining campaign bills and to fund his fruitless legal challenges and still leave tens of millions of dollars.
-------------------------------- We are all visitors to this time, this place. We are just passing through. Our purpose here is to observe, to learn, to grow, to love… and then we return home. - Australian Aboriginal proverb
Bazootiehead-in-training
Posts: 37942 | Location: Somewhere in the middle | Registered: 19 January 2010
I really don't care if he wants to grift his supporters out of millions of dollars. He is a huckster and they are his marks.
I care when my tax dollars are filling his pockets.
I'm more concerned about what he will pilfer from the White House as he scarpers off. Like those trinkets he ordered be brought home from the Ambassador's residence in France. Or the rug.
"The rug?" you say... "what rug???"
Remember that picture from a couple weeks ago where I-1 is sitting at what appears to be a ridiculously small desk? That picture was taken in The Signing Room. Check the rug. It is a mottled dark green thing. Now go find an earlier picture of that room, say, from when Obama was signing a thing. The rug then was a sky-blue, all-wool, hand-knotted beautiful item with the Presidential Seal.
Where did the rug go?
Did I-1 already have his toadies roll it up and ship it down to muralogo? I'd think that's theft of government property if he did.
I don't want to mention any of the other ways I'm imagining he will pillage and vandalize the place on his way out.
